<!DOCTYPE HTML PUBLIC "-//IETF//DTD HTML//EN"> <html>  <head> <meta http-equiv="Content-Type" content="text/html; charset=windows-1252"> <meta name="GENERATOR" content="Microsoft FrontPage 3.0"> <title>EURONEXT MONEP - OPTIONS SUR TRACKERS</title> </head>  <body bgcolor="#FFFFFF">  <table border="0" width="100%" cellspacing="0" height="95">   <tr>     <td width="100%" bgcolor="#FF9900" height="63"><table border="0" width="104%" cellspacing="0" cellpadding="0">       <tr>         <td width="37%" bgcolor="#FCCA34"><p style="line-height: 150%; margin-top: 3"><font size="6" color="#000080" face="MS Sans Serif, Arial, Helvetica"><b>&nbsp;</b></font><img border="0" src="hd_actualites.gif" WIDTH="420" HEIGHT="80"></td>         <td width="21%" bgcolor="#FCCA34"><p align="right" style="margin-bottom: 3"><font face="MS Sans Serif, Arial, Helvetica"><a href="http://www.monep.fr"><br>         </a></font></td>         <td width="26%" bgcolor="#FCCA34"><p align="center" style="margin-bottom: 3"><a href="default.htm"><img border="0" src="euronext150.GIF" WIDTH="150" HEIGHT="77"></a><a href="http://www.monep.fr"><br>         </a><b><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">Le march de         drivs de Paris&nbsp;&nbsp;</font><font face="MS Sans Serif, Arial, Helvetica" size="1" color="#000080">&nbsp;&nbsp;&nbsp;</font></b></td>       </tr>     </table>     </td>   </tr>   <tr>     <td width="100%" bgcolor="#000080" height="28"><table border="0" width="100%" cellspacing="0" cellpadding="0">       <tr>         <td width="50%"><b><font face="MS Sans Serif, Arial, Helvetica" color="#FCCA34" size="4">Options         sur&nbsp; trackers</font></b></td>         <td width="50%"><p align="right"><b><font size="4" color="#FF9900" face="MS Sans Serif, Arial, Helvetica">Options on trackers</font></b></td>       </tr>     </table>     </td>   </tr> </table> <div align="center"><center>  <table border="1" cellpadding="2" width="100%" bgcolor="#EFEFEF" bordercolor="#FFFFFF">   <tr>     <td width="100%"><p align="center"><br>     <img border="0" src="gif/gif_track468x60.gif" WIDTH="468" HEIGHT="60"> </p>     <blockquote>       <p align="left"><font color="#0000ff" size="4"><br>       </font><font face="MS Sans Serif, Arial, Helvetica" size="3" color="#000080"><b>Les <a href="http://www.euronext.com/fr/markets_prices/trackers_etf/information/">trackers ou       Exchange Traded Funds (ETF)</a> sont des OPCVM cots en bourse qui rpliquent la       performance d'un indice, qui peut tre global, rgional ou sectoriel. Euronext leur a       ddi un segment, NextTrack, qui a connu un succs considrable depuis son ouverture       en janvier 2001. NextTrack est devenu en deux ans le leader europen en matire d'ETFs.       Le lancement des options sur trackers apparat comme une consquence naturelle de la       liquidit de ces produits et du besoin manifest par les investisseurs de disposer de       produits drivs leur permettant de couvrir leurs positions et de dynamiser leurs       investissements.</b><br>       </font><font color="#0000ff" size="4"><br>       <br>       </font><strong><font face="MS Sans Serif, Arial, Helvetica" size="3" color="#0000FF"><a href="http://www.euronext.com/en/markets_prices/trackers_etf/information/">Trackers</a>,       also known as <a href="http://www.euronext.com/en/markets_prices/trackers_etf/information/">Exchange Traded       Funds (ETF)</a> , are funds listed on the Stock. Exchange which track the performance of a       global, regional or sector index. NextTrack, the successful market segment dedicated to       trackers, was launched in 2001 and is now the leading European platform for ETFs.       Following on from this success, NextTrack will launch Options on Trackers on this liquid       market in order to meet the needs of investors wishing to hedge their portfolios and to       enhance their investment returns.&nbsp;<br>       </font></strong><font size="3"><br>       </font></p>       <p align="left">&nbsp;</p>     </blockquote>     <div align="center"><center><table border="0" cellpadding="2" width="77%" height="107">       <tr>         <td width="33%" bgcolor="#0033CC" height="24"><p style="margin-top: 3; margin-bottom: 3" align="center"><font face="MS Sans Serif, Arial, Helvetica" size="2" color="#FFFFFF"><strong>Franais</strong></font></td>         <td width="7%" bgcolor="#0033CC" height="24"><p align="center"><font face="MS Sans Serif, Arial, Helvetica" size="2" color="#FFFFFF"><strong>Format</strong></font></td>         <td width="35%" bgcolor="#0033CC" height="24" align="center"><p style="margin-top: 3; margin-bottom: 3" align="center"><font face="MS Sans Serif, Arial, Helvetica" size="2" color="#FFFFFF"><strong>English</strong></font></td>         <td width="9%" bgcolor="#0033CC" height="24" align="center"><p align="center"><font face="MS Sans Serif, Arial, Helvetica" size="2" color="#FFFFFF"><strong>Format</strong></font></td>       </tr>       <tr align="center">         <td valign="middle" width="44%" bgcolor="#B7DBFF" height="1"><p align="left"><font face="MS Sans Serif, Arial, Helvetica" size="2" color="#000080"><b><a name="param"></a>Paramtres         de couvertures</b></font></td>         <td valign="middle" width="1%" bgcolor="#B7DBFF" height="1"><p align="center"><strong><font color="#271C5D" size="2"><a href="pub/PCFVF.pdf"><img border="1" src="file_pdf.gif" align="right" WIDTH="38" HEIGHT="36"></a></font></strong></td>         <td valign="middle" width="48%" bgcolor="#B7DBFF" height="1" align="left"><font face="MS Sans Serif, Arial, Helvetica" size="2" color="#000080">Margin parameters</font></td>         <td valign="middle" width="1%" bgcolor="#B7DBFF" height="1"><p align="center"><strong><font color="#271C5D" size="2"><a href="pub/PCFVA.pdf"><img border="1" src="file_pdf.gif" align="right" WIDTH="38" HEIGHT="36"></a></font></strong></td>       </tr>       <tr align="center">         <td valign="middle" width="44%" bgcolor="#B7DBFF" height="1"><p align="left"><font face="MS Sans Serif, Arial, Helvetica" size="2" color="#000080"><b><a name="spec"></a>Caractristiques         des contrats</b></font></td>         <td valign="middle" width="1%" bgcolor="#B7DBFF" height="1"><p align="center"><strong><font color="#271C5D" size="2"><a href="tracker.htm"><img border="1" src="file_html.gif" align="right" WIDTH="35" HEIGHT="37"></a></font></strong></td>         <td valign="middle" width="48%" bgcolor="#B7DBFF" height="1" align="left"><p align="left"><font face="MS Sans Serif, Arial, Helvetica" size="2" color="#000080">Contract specifications</font></td>         <td valign="middle" width="1%" bgcolor="#B7DBFF" height="1"><p align="center"><strong><font color="#271C5D" size="2"><a href="tracker.htm#ENGLISH"><img border="1" src="file_html.gif" align="right" WIDTH="35" HEIGHT="37"></a></font></strong></td>       </tr>       <tr align="center">         <td valign="middle" width="44%" bgcolor="#B7DBFF" height="1"><p align="left"><font face="MS Sans Serif, Arial, Helvetica" size="2" color="#000080"><b><a name="prod"></a>Carton         produit</b></font></td>         <td valign="middle" width="1%" bgcolor="#B7DBFF" height="1"><p align="center"><strong><font color="#271C5D" size="2"><a href="pub/Cptracker.pdf"><img border="1" src="file_pdf.gif" align="right" WIDTH="38" HEIGHT="36"></a></font></strong></td>         <td valign="middle" width="48%" bgcolor="#B7DBFF" height="1" align="left"><p align="left"><font face="MS Sans Serif, Arial, Helvetica" size="2" color="#000080">Product leaflet</font></td>         <td valign="middle" width="1%" bgcolor="#B7DBFF" height="1"><p align="center"><strong><font color="#271C5D" size="2"><a href="pub/Cptracker.pdf"><img border="1" src="file_pdf.gif" align="right" WIDTH="38" HEIGHT="36"></a></font></strong></td>       </tr>       <tr align="center">         <td valign="middle" width="44%" bgcolor="#B7DBFF" height="1"><p align="left"><font face="MS Sans Serif, Arial, Helvetica" size="2" color="#000080"><b>Avis et Communiqus de         presse</b></font></td>         <td valign="middle" width="1%" bgcolor="#B7DBFF" height="1"><p align="center"><strong><font color="#271C5D" size="2"><a href="opttrackers.htm#AVIS"><img border="1" src="file_html.gif" align="right" WIDTH="35" HEIGHT="37"></a></font></strong></td>         <td valign="middle" width="48%" bgcolor="#B7DBFF" height="1" align="left"><p align="left"><font face="MS Sans Serif, Arial, Helvetica" size="2" color="#000080">Notices and press releases</font></td>         <td valign="middle" width="1%" bgcolor="#B7DBFF" height="1" align="center"><p align="center"><strong><font color="#271C5D" size="2"><a href="opttrackers.htm#AVIS"><img border="1" src="file_html.gif" align="right" WIDTH="35" HEIGHT="37"></a></font></strong></td>       </tr>       <tr align="center">         <td valign="middle" width="44%" bgcolor="#B7DBFF" height="1"><p align="left"><font face="MS Sans Serif, Arial, Helvetica" size="2" color="#000080"><b>Calendrier d'chance</b></font></td>         <td valign="middle" width="1%" bgcolor="#B7DBFF" height="1"><p align="center"><strong><font color="#271C5D" size="2"><a href="opttrackers.htm#Calendrier"><img border="1" src="file_html.gif" align="right" WIDTH="35" HEIGHT="37"></a></font></strong></td>         <td valign="middle" width="48%" bgcolor="#B7DBFF" height="1" align="left"><p align="left"><font face="MS Sans Serif, Arial, Helvetica" size="2" color="#000080">Calendar</font></td>         <td valign="middle" width="1%" bgcolor="#B7DBFF" height="1"><p align="center"><strong><font color="#271C5D" size="2"><a href="opttrackers.htm#Calendrier"><img border="1" src="file_html.gif" align="right" WIDTH="35" HEIGHT="37"></a></font></strong></td>       </tr>       <tr>         <td valign="middle" width="44%" bgcolor="#B7DBFF" height="1"><p align="left"><font face="MS Sans Serif, Arial, Helvetica" size="2" color="#000080"><b>Statistiques         quotidiennes :&nbsp; CAC40 Master Unit</b></font></td>         <td valign="middle" width="1%" bgcolor="#B7DBFF" height="1"><p align="center"><a href="statscl/CAC.htm"><strong><font color="#271C5D" size="2"><img border="1" src="file_html.gif" align="right" WIDTH="35" HEIGHT="37"></font></strong></a></td>         <td valign="middle" width="48%" bgcolor="#B7DBFF" height="1" align="left"><p align="left"><font face="MS Sans Serif, Arial, Helvetica" size="2" color="#000080">Daily Figures: CAC40         Master Unit</font></td>         <td valign="middle" width="1%" bgcolor="#B7DBFF" height="1"><p align="center"><a href="statscl/CAC.htm"><strong><font color="#271C5D" size="2"><img border="1" src="file_html.gif" align="right" WIDTH="35" HEIGHT="37"></font></strong></a></td>       </tr>       <tr>         <td valign="middle" width="44%" bgcolor="#B7DBFF" height="1"><p align="left"><font face="MS Sans Serif, Arial, Helvetica" size="2" color="#000080"><b>Statistiques         quotidiennes : Dow Jones Euro Stoxx 50 Master Unit </b></font></td>         <td valign="middle" width="1%" bgcolor="#B7DBFF" height="1"><p align="center"><a href="statscl/MSE.htm"><strong><font color="#271C5D" size="2"><img border="1" src="file_html.gif" align="right" WIDTH="35" HEIGHT="37"></font></strong></a></td>         <td valign="middle" width="48%" bgcolor="#B7DBFF" height="1" align="left"><p align="left"><font face="MS Sans Serif, Arial, Helvetica" size="2" color="#000080">Daily Figures: Dow Jones         Euro Stoxx 50 Master Unit</font></td>         <td valign="middle" width="1%" bgcolor="#B7DBFF" height="1"><p align="center"><a href="statscl/MSE.htm"><strong><font color="#271C5D" size="2"><img border="1" src="file_html.gif" align="right" WIDTH="35" HEIGHT="37"></font></strong></a></td>       </tr>     </table>     </center></div><p style="line-height: 150%" align="center">&nbsp; </td>   </tr> </table> </center></div><div align="center" style="width: 100%; height: 824"><div align="center"><center>  <table border="1" cellpadding="2" width="100%" bgcolor="#EFEFEF" bordercolor="#FFFFFF">   <tr>     <td width="50%" bgcolor="#000080"><p align="left"><font size="2" color="#FFFFFF" face="MS Sans Serif"><b><span style="color:white"><a name="AVIS"></a>Avis et Communiqus     de presse&nbsp;&nbsp;&nbsp;</span></b></font></td>     <td width="50%" bgcolor="#000080"><p align="right"><font size="2" color="#FFFFFF" face="MS Sans Serif"><b><span style="color:white">Notices and press releases</span></b></font></td>   </tr>   <tr>     <td width="50%" align="left" valign="top"><blockquote>       <font size="2" face="MS Sans Serif" color="#0000FF"><p><a href="avis/CP20021219.htm"><b>19/12/2002       Communiqu de presse :</b><br>       </a></font><font color="#000080" size="2" face="MS Sans Serif">Lancement de nouveaux       produits : options sur trackers</font><font size="2" face="MS Sans Serif" color="#0000FF"></p>       </font>     </blockquote>     </td>     <td width="50%" align="left" valign="top"><blockquote>       <font size="2" face="MS Sans Serif" color="#0000FF"><p><a href="avis/CP20021219.htm"><b>19/12/2002       Press release:</b> <br>       </a></font><font color="#000080" size="2" face="MS Sans Serif">Launch of new products:       options on trackers</font><font size="2" face="MS Sans Serif" color="#0000FF"></p>       </font>     </blockquote>     </td>   </tr>   <tr>     <td width="50%" align="left" valign="top"><blockquote>       <font size="2" face="MS Sans Serif" color="#0000FF"><p><a href="avis/AV2002358.htm"><b>19/12/2002       Avis MO 2002-358 : </b><br>       </a></font><font color="#000080" size="2" face="MS Sans Serif">Cration d'une gamme de       classes d'options sur trackers</font><font size="2" face="MS Sans Serif" color="#0000FF"></p>       </font>     </blockquote>     </td>     <td width="50%" align="left" valign="top"><blockquote>       <font size="2" face="MS Sans Serif" color="#0000FF"><p><a href="avis/AV2002358.htm"><b>19/12/2002       Notice MO 2002-358: </b><br>       </a></font><font color="#000080" size="2" face="MS Sans Serif">Creation of a range of       option classes on trackers</font><font size="2" face="MS Sans Serif" color="#0000FF"></p>       </font>     </blockquote>     </td>   </tr>   <tr>     <td width="50%" align="left" valign="top"><blockquote>       <font size="2" face="MS Sans Serif" color="#0000FF"><p></font><font color="#0000FF"><a href="avis/CP20030113.htm"><font size="2" face="MS Sans Serif"><b>13/01/2003 Communiqu       de presse : </b></font><br>       </a></font><font face="MS Sans Serif"><font color="#000080" size="2">Euronex.liffe lance       des options sur trackers sur le CAC 40 Master Unit et le Dow Jones Eurostoxx 50</font><font color="#000080" size="1"><sup>SM</sup></font><font color="#000080" size="2"> Master Unit</font></font><font size="2" color="#0000FF" face="MS Sans Serif"></p>       </font>     </blockquote>     </td>     <td width="50%" align="left" valign="top"><blockquote>       <font size="2" color="#0000FF" face="MS Sans Serif"><p></font><font color="#0000FF"><a href="avis/CP20030113.htm"><font size="2" face="MS Sans Serif"><b>13/01/2003 Press       release: </b></font><br>       </a></font><font face="MS Sans Serif"><font color="#000080" size="2">Euronext.liffe to       launch options on trackers CAC 40 Master Unit and Dow Jones Eurostoxx 50</font><font color="#000080" size="1"><sup>SM</sup></font><font color="#000080" size="2"> Master Unit</font></font><font size="2" color="#0000FF" face="MS Sans Serif"></p>       </font>     </blockquote>     </td>   </tr>   <tr>     <td width="50%" align="left" valign="top"><blockquote>       <font size="2" color="#0000FF" face="MS Sans Serif"><p><a href="avis/AV200307.htm"><b>13/01/2003       Avis MO 2003-007 : </b><br>       </a></font><font color="#000080" size="2" face="MS Sans Serif">Cration de classes       d'options sur trackers sur le CAC 40 Master Unit et le&nbsp; Dow Jones Euro STOXX 50<sup>SM</sup>       Master Unit</font><font size="2" color="#0000FF" face="MS Sans Serif"></p>       </font>     </blockquote>     </td>     <td width="50%" align="left" valign="top"><blockquote>       <font size="2" color="#0000FF" face="MS Sans Serif"><p><a href="avis/AV200307.htm"><b>13/01/2003       Notice Avis MO 2003-007: </b><br>       </a></font><font color="#000080" size="2" face="MS Sans Serif">Creation of tracker options       on the CAC 40 Master Unit and the Dow Jones Euro STOXX 50SM Master Unit</font><font size="2" color="#0000FF" face="MS Sans Serif"></p>       </font>     </blockquote>     </td>   </tr>   <tr>     <td width="50%" align="left" valign="top"><blockquote>       <font size="2" color="#0000FF" face="MS Sans Serif"><p><a href="avis/NI3-02fr.pdf"><b>13/01/2003       Avis MO 2003-008 : </b><br>       </a></font><font color="#000080" size="2" face="MS Sans Serif">Modification de       l&#146;instruction NI-3-02 relative aux conditions d'admission d'une classe d'options sur       valeurs mobilires sur le MONEP. </font><font size="2" color="#0000FF" face="MS Sans Serif"></p>       </font>     </blockquote>     </td>     <td width="50%" align="left" valign="top"><blockquote>       <font size="2" color="#0000FF" face="MS Sans Serif"><p></font><font color="#000080" size="2" face="MS Sans Serif"><a href="avis/NI3-02uk.pdf"><b>13/01/2003 Notice Avis MO       2003-008: </b><br>       </a>Amendment of Instruction NI-3-02 pertaining to the conditions for admission to the       MONEP of a class of equity options.</font><font size="2" color="#0000FF" face="MS Sans Serif"></p>       </font>     </blockquote>     </td>   </tr>   <tr>     <td width="50%" align="left" valign="top"><blockquote>       <font size="2" color="#0000FF" face="MS Sans Serif"><p><a href="avis/creationtrackers.pdf"><b>22/01/2003       Avis MO 2003-021 : </b><br>       </a></font><font color="#000080" size="2" face="MS Sans Serif">Cration de nouvelles       sries d'options sur des nouvelles classes d'options. </font><font size="2" color="#0000FF" face="MS Sans Serif"></p>       </font>     </blockquote>     </td>     <td width="50%" align="left" valign="top"><blockquote>       <font size="2" color="#0000FF" face="MS Sans Serif"><p></font><font color="#000080" size="2" face="MS Sans Serif"><a href="avis/creationtrackers.pdf"><b>22/01/2003 Notice       Avis MO 2003-021: </b><br>       </a>Creation of new strikes on new options classes.</font><font size="2" color="#0000FF" face="MS Sans Serif"></p>       </font>     </blockquote>     </td>   </tr>   <tr>     <td width="50%" align="left" valign="top">&nbsp;</td>     <td width="50%" align="left" valign="top">&nbsp;</td>   </tr> </table> </center></div><div align="center"><center>  <table border="1" cellpadding="2" width="100%" bgcolor="#efefef" style="mso-cellspacing: 1.5pt; background-color: #EFEFEF; background-repeat: repeat; background-attachment: scroll; mso-padding-alt: 1.5pt 1.5pt 1.5pt 1.5pt; border: .75pt outset white; background-position: 0% 50%" height="641">   <tr>     <td width="50%" bgcolor="#000080" height="19"><p align="left"><font face="MS Sans Serif, Arial, Helvetica" size="2" color="#FFFFFF"><b><span style="color:white"><a name="Calendrier"></a>Calendrier d'chance&nbsp;&nbsp;&nbsp;</span></b></font></td>     <td width="50%" bgcolor="#000080" height="19"><p align="right"><font face="MS Sans Serif, Arial, Helvetica" size="2" color="#FFFFFF"><b><span style="color:white">Calendar</span></b></font></td>   </tr>   <tr>     <td width="50%" valign="top"><dl>       <div align="center"><center>       <dt><b><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2"><br>         Options sur Trackers*</font></b></dt>       </center></div><div align="center"><center>       <dt><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">Option on         Trackers*</font></dt>       </center></div>     </dl>     <div align="center"><center><table BORDER="1" CELLSPACING="0" BORDERCOLOR="#000080" WIDTH="348" height="382">       <tr>         <td WIDTH="34%" BGCOLOR="#B7DBFF" HEIGHT="16" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2"><b>Echance</b></font></td>         <td WIDTH="33%" BGCOLOR="#B7DBFF" HEIGHT="16" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2"><b>Premier jour de         ngociation</b></font></td>         <td WIDTH="33%" BGCOLOR="#B7DBFF" HEIGHT="16" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2"><b>Dernier jour de         ngociation</b></font></td>       </tr>       <tr>         <td WIDTH="34%" BGCOLOR="#B7DBFF" HEIGHT="15"><p align="center"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">Maturity </font></td>         <td WIDTH="33%" BGCOLOR="#B7DBFF" HEIGHT="15" align="center"><p align="center"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">First trading day </font></td>         <td WIDTH="33%" BGCOLOR="#B7DBFF" HEIGHT="15" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">Last trading day</font></td>       </tr>       <tr>         <td WIDTH="34%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">fvr-03</font></td>         <td WIDTH="33%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">24/01/2003</font></td>         <td WIDTH="33%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">21/02/2003</font></td>       </tr>       <tr>         <td WIDTH="34%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">mars-03</font></td>         <td WIDTH="33%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">24/01/2003</font></td>         <td WIDTH="33%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">21/03/2003</font></td>       </tr>       <tr>         <td WIDTH="34%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">avr-03</font></td>         <td WIDTH="33%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">24/01/2003</font></td>         <td WIDTH="33%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">17/04/2003</font></td>       </tr>       <tr>         <td WIDTH="34%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">mai-03</font></td>         <td WIDTH="33%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">24/02/2003</font></td>         <td WIDTH="33%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">16/05/2003</font></td>       </tr>       <tr>         <td WIDTH="34%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">juin-03</font></td>         <td WIDTH="33%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">24/01/2003</font></td>         <td WIDTH="33%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">20/06/2003</font></td>       </tr>       <tr>         <td WIDTH="34%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">juil-03</font></td>         <td WIDTH="33%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">22/04/2003</font></td>         <td WIDTH="33%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">18/07/2003</font></td>       </tr>       <tr>         <td WIDTH="34%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">aot-03</font></td>         <td WIDTH="33%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">19/05/2003</font></td>         <td WIDTH="33%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">15/08/2003</font></td>       </tr>       <tr>         <td WIDTH="34%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">sept-03</font></td>         <td WIDTH="33%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">24/01/2003</font></td>         <td WIDTH="33%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">19/09/2003</font></td>       </tr>       <tr>         <td WIDTH="34%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">oct-03</font></td>         <td WIDTH="33%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">21/07/2003</font></td>         <td WIDTH="33%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">17/10/2003</font></td>       </tr>       <tr>         <td WIDTH="34%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">nov-03</font></td>         <td WIDTH="33%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">18/08/2003</font></td>         <td WIDTH="33%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">21/11/2003</font></td>       </tr>       <tr>         <td WIDTH="34%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">dc-03</font></td>         <td WIDTH="33%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">24/03/2003</font></td>         <td WIDTH="33%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">19/12/2003</font></td>       </tr>       <tr>         <td WIDTH="34%" HEIGHT="5" style="background-color: #000080" align="center"></td>         <td WIDTH="33%" HEIGHT="5" style="background-color: #000080" align="center"></td>         <td WIDTH="33%" HEIGHT="5" style="background-color: #000080" align="center"></td>       </tr>       <tr>         <td WIDTH="34%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">janv-04</font></td>         <td WIDTH="33%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">20/10/2003</font></td>         <td WIDTH="33%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">16/01/2004</font></td>       </tr>       <tr>         <td WIDTH="34%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">fvr-04</font></td>         <td WIDTH="33%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">24/11/2003</font></td>         <td WIDTH="33%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">20/02/2004</font></td>       </tr>       <tr>         <td WIDTH="34%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">mars-04</font></td>         <td WIDTH="33%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">23/06/2003</font></td>         <td WIDTH="33%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">19/03/2004</font></td>       </tr>       <tr>         <td WIDTH="34%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">juin-04</font></td>         <td WIDTH="33%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">22/09/2003</font></td>         <td WIDTH="33%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">18/06/2004</font></td>       </tr>       <tr>         <td WIDTH="34%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">sept-04</font></td>         <td WIDTH="33%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">22/12/2003</font></td>         <td WIDTH="33%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">17/09/2004</font></td>       </tr>     </table>     </center></div><blockquote>       <blockquote>         <p align="center" style="margin-left: 0; margin-right: 0; margin-top: 5; margin-bottom: 0"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2"><b>* sauf Options sur         CAC40 Master UNIT</b></font></p>         <p align="center" style="margin: 0"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">* except Option on CAC40 Master UNIT</font><font face="MS Sans Serif, Arial, Helvetica" size="2"> </font></p>       </blockquote>     </blockquote>     </td>     <td width="50%" align="center" valign="top"><dl>       <dt><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2"><b><br>         Options sur CAC40 Master UNIT</b></font></dt>       <dt><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">Option on CAC40         Master UNIT</font></dt>     </dl>     <div align="center"><center><table BORDER="1" CELLSPACING="0" BORDERCOLOR="#000080" WIDTH="348" height="376">       <tr>         <td WIDTH="34%" BGCOLOR="#B7DBFF" HEIGHT="16" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2"><b>Echance</b></font></td>         <td WIDTH="33%" BGCOLOR="#B7DBFF" HEIGHT="16" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2"><b>Premier jour de         ngociation</b></font></td>         <td WIDTH="33%" BGCOLOR="#B7DBFF" HEIGHT="16" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2"><b>Dernier jour de         ngociation</b></font></td>       </tr>       <tr>         <td WIDTH="34%" BGCOLOR="#B7DBFF" HEIGHT="15"><p align="center"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">Maturity </font></td>         <td WIDTH="33%" BGCOLOR="#B7DBFF" HEIGHT="15" align="center"><p align="center"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">First trading day </font></td>         <td WIDTH="33%" BGCOLOR="#B7DBFF" HEIGHT="15" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">Last trading day</font></td>       </tr>       <tr>         <td WIDTH="34%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">fvr-03</font></td>         <td WIDTH="33%" HEIGHT="8" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">24/01/2003</font></td>         <td WIDTH="33%" HEIGHT="8" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">28/02/2003</font></td>       </tr>       <tr>         <td WIDTH="34%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">mars-03</font></td>         <td WIDTH="33%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">24/01/2003</font></td>         <td WIDTH="33%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">31/03/2003</font></td>       </tr>       <tr>         <td WIDTH="34%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">avr-03</font></td>         <td WIDTH="33%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">24/01/2003</font></td>         <td WIDTH="33%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">30/04/2003</font></td>       </tr>       <tr>         <td WIDTH="34%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">mai-03</font></td>         <td WIDTH="33%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">03/03/2003</font></td>         <td WIDTH="33%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">30/05/2003</font></td>       </tr>       <tr>         <td WIDTH="34%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">juin-03</font></td>         <td WIDTH="33%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">24/01/2003</font></td>         <td WIDTH="33%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">30/06/2003</font></td>       </tr>       <tr>         <td WIDTH="34%" HEIGHT="15" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">juil-03</font></td>         <td WIDTH="33%" HEIGHT="15" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">02/05/2003</font></td>         <td WIDTH="33%" HEIGHT="15" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">31/07/2003</font></td>       </tr>       <tr>         <td WIDTH="34%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">aot-03</font></td>         <td WIDTH="33%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">02/06/2003</font></td>         <td WIDTH="33%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">29/08/2003</font></td>       </tr>       <tr>         <td WIDTH="34%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">sept-03</font></td>         <td WIDTH="33%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">24/01/2003</font></td>         <td WIDTH="33%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">30/09/2003</font></td>       </tr>       <tr>         <td WIDTH="34%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">oct-03</font></td>         <td WIDTH="33%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">01/08/2003</font></td>         <td WIDTH="33%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">31/10/2003</font></td>       </tr>       <tr>         <td WIDTH="34%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">nov-03</font></td>         <td WIDTH="33%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">01/09/2003</font></td>         <td WIDTH="33%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">28/11/2003</font></td>       </tr>       <tr>         <td WIDTH="34%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">dc-03</font></td>         <td WIDTH="33%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">01/04/2003</font></td>         <td WIDTH="33%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">31/12/2003</font></td>       </tr>       <tr>         <td WIDTH="34%" HEIGHT="5" style="background-color: #000080"></td>         <td WIDTH="33%" HEIGHT="5" style="background-color: #000080"></td>         <td WIDTH="33%" HEIGHT="5" style="background-color: #000080"></td>       </tr>       <tr>         <td WIDTH="34%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">janv-04</font></td>         <td WIDTH="33%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">03/11/2003</font></td>         <td WIDTH="33%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">30/01/2004</font></td>       </tr>       <tr>         <td WIDTH="34%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">fvr-04</font></td>         <td WIDTH="33%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">01/12/2003</font></td>         <td WIDTH="33%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">27/02/2004</font></td>       </tr>       <tr>         <td WIDTH="34%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">mars-04</font></td>         <td WIDTH="33%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">01/07/2003</font></td>         <td WIDTH="33%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">31/03/2004</font></td>       </tr>       <tr>         <td WIDTH="34%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">juin-04</font></td>         <td WIDTH="33%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">01/10/2003</font></td>         <td WIDTH="33%" HEIGHT="14" align="center"><p ALIGN="CENTER"><font face="MS Sans Serif, Arial, Helvetica" color="#000080" size="2">30/06/2004</font></td>       </tr>     </table>     </center></div></td>   </tr>   <tr style="height:14.25pt" align="center">     <td width="100%" style="background-color: navy; background-repeat: repeat; background-attachment: scroll; border: .75pt inset white; padding: 1.5pt; background-position: 0% 50%" height="19" colspan="2"><p align="right"><font face="MS Sans Serif, Arial, Helvetica" size="2" color="#FFFFFF"><!--webbot bot="Timestamp" S-Type="EDITED" S-Format="%d/%m/%Y" startspan -->17/03/2003<!--webbot bot="Timestamp" endspan i-checksum="12545" --> </font></td>   </tr> </table> </center></div></div>  <table border="0" cellpadding="0" cellspacing="0" width="1%" bgcolor="#EFEFEF" bordercolor="#FFFFFF"> </table> </body> </html> 
