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To: reaper who wrote (161027)	4/19/2002 4:12:55 PM
From: ild	Read Replies (2) \| Respond to of 436258

IMO you are right -- FCO is up today because USD went a little down and discount has widened.

To: reaper who wrote (161027)	4/19/2002 10:03:51 PM
From: Joan Osland Graffius	Read Replies (1) \| Respond to of 436258

reaper, >>it seems to be heavy in natural-resource-rich currencies like Canada & Australia. You noticed. <g> Yes, I think the Canadian and Australian currencies are cheap relatively to the US dollar. These two countries also have some very nice oil and gas reserves. A couple of reasons why I am collecting FCO is the quality of the debt is high - all obligations of governments. Also want some exposure to the Canadian dollar since I believe it is cheap relative to the US dollar. Joan