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Strategies & Market Trends : Telebras (TBH) & Brazil -- Ignore unavailable to you. Want to Upgrade?

To: Steve Fancy who wrote (1356)	3/30/1998 4:52:00 PM
From: DMaA	Respond to of 22640

This looks screwed up but it's what's published in WSJ Interactive. Dividend Declarations: CMSV, DEO, HAN, TBR Company Period Amount Payable Record RegularCommunity Svgs Bnkshrs Q .22 1/2 5/ 1/98 4/15 ForeignDiageo PLC ADS new S t.83 1/4 5/ 1/98 4/ 3 Hanson PLC ADR t.82035 5/15/98 4/ 3 Telcm Brslrs-Telebras ADS t1.944 4/ 7 t-Approximate U.S. dollar amount per American Depositary Receipt/Share before adjustment for foreign taxes.

To: Steve Fancy who wrote (1356)	3/30/1998 5:11:00 PM
From: Steve Fancy	Respond to of 22640

Stocks end lower despite telecoms minister recovery Sao Paulo, 30 - Despite the enthusiasm triggered by the return to Brazil of telecommunications minister, S‚rgio Motta, the Sao Paulo stock exchange, Bovespa, finished Friday's session lower. Its lackluster late trading was partly explained by the Dow's plunging 35 points right before local bourses closing bell. The Ibovespa index closed down 0.38% at 11,899 points (Ibovespa/US$ closed lower by 0.42% at 3,807 points). Trading volume was at US$595.226m with some 35.923bn shares having changed hands. The Rio de Janeiro Stock Exchange Index (IBV-RJ) closed higher by 0.14% at 42,136 points (IBV/US$ closed up 0.10% at 13,483 points). Among the blue chips, Telebr s PN/US$ ended down 1.22%. Eletrobr s ended higher by 0.84%. Petrobr s PN/US$ finished up 0.70%. CVRD PN/US$ closed lower 0.40%. Usiminas finished up 1.59%. CSN PN/US$ ended lower by 1.47%. On Friday, for the second time this week, the Central Bank (BC) announced it conducted another adjustment in the inner-band, this time of 0.04%, allowing the Real to range between R$1.1360 (floor)/R$1.1410 (ceiling) to the US dollar. The Central Bank last adjusted the wider-band on January 20, shifting it upward from US$1.05/US$1.14, where it had been for nearly a year. The US commercial dollar Ptax ended at R$1.1364/R$1.1356 from R$1.1360/R$1.1352 last Thursday. (By Marcos Viesi and Paulo Monteiro)