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MEDIA ALERT: Rebuilding New York, Rebuilding America; Generating Capital Raising Ideas. Press Invited to Panel Discussions.

    NEW YORK, Jan. 3 /PRNewswire/ -- The massive tasks of rebuilding New York
in the aftermath of the World Trade Center attacks and restoring America's
infrastructure will require innovative financing solutions.  As a starting
point, The Bond Market Association is hosting a series of presentations by
leaders from finance, urban planning and government who will focus on the
financing issues that need to be addressed to restore lower Manhattan's
economic and social viability as well as the nation's infrastructure.
    How will capital be raised for projects of this magnitude, projects that
call for the construction of new buildings, the restoration of mass transit
and other infrastructure facilities and still be sensitive to community needs?
What are the best ways for government and the private sector to collaborate?
    To address those issues, The Bond Market Association is sponsoring a
roundtable, open to the media, that will bring together urban planning
experts, government leaders and top financial industry representatives.

    WHEN:   January 18, 2002, 8 a.m. - 1:30 p.m.

    WHERE:  The Chase Auditorium
            1 Chase Manhattan Plaza, New York City

    WHAT:   Panelists will discuss innovative financing solutions along with
            the planning and governmental issues necessary to rebuild
            Manhattan, the nation, and their infrastructures.  (The current
            schedule can be viewed on the Association's Web site at:
            http://www.bondmarkets.com/conferences/02Rebuild.shtml)

    Among the participants will be:  Pete Hamill, journalist and writer, as
moderator; Jamie Stewart, first vice president of the Federal Reserve Bank of
New York; Henry Petroski, Duke University professor of Civil Engineering and
History; Rae Zimmerman, professor of Planning and Public Administration and
director of the Urban Planning Program at New York University's Institute for
Civil Infrastructure Systems; Richard Netzer, professor of economics, New York
University's Robert F. Wagner School of Public Service; Steve Malanga,
contributing editor, City Journal; and Kathryn Wylde, president and CEO, the
New York City Partnership.  In addition representatives from city, state and
federal government will be participating along with officials from the Port
Authority of New York and New Jersey and the Metropolitan Transit Authority,
among others.
    Participating members of the financial community include:  Bernard Beal,
chairman and CEO, M.R. Beal & Co.; Edward Emmer, executive managing director,
Standard & Poor's; John Hallacy, managing director, Merrill Lynch & Co., James
Lebenthal, Lebenthal & Co.; Frank McKenna, managing director, Merrill Lynch &
Co.; Peter Hill, managing director, J.P. Morgan, Ann Ross, senior vice
president, Roosevelt & Cross; and Sonia Toledo, senior vice president, Lehman
Brothers.
    Because space will be limited, media should RSVP to obtain credentials:
Michael Dorfsman, 212-440-9426, mdorfsman@bondmarkets.com; or Myra Dandridge,
202-434-8421, mdandridge@bondmarkets.com.



SOURCE The Bond Market Association




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    CONTACT:
    Michael Dorfsman, +1-212-440-9426,
    mdorfsman@bondmarkets.com, or Myra Dandridge, +1-202-434-8421,
    mdandridge@bondmarkets.com, both of The Bond Market Association