Business/Financial/Government Editors

The Asia Society invites internationally-focused investors, executives, financial and service professionals, journalists and other interested individuals to hear from leading experts on the investment opportunities that are emerging as a result of current trends in Asian fixed income markets.

This event entitled "Asian Debt Markets: Investment Opportunities for the 21st Century" will be held on May 17, 2001 at the Union Club (101 East 69th Street at Park Avenue) in New York City. Registration will begin at 10:00 AM and it will conclude at 2:00 PM following a luncheon session. The cost to attend this event will be $100 for members of the Asia Society, $125 for non-members and $60 for accredited academics and members of NGO's. Note: The Union Club requires jackets and ties for men and no press photography or cameras will be allowed.

The event is organized in association with Dalton Investments, LLC. HSBC Securities (USA) Inc. is the corporate sponsor and the luncheon sponsor is WL Ross & Co. LLC. The event is held in collaboration with the Emerging Markets Traders Association (EMTA), Global Equity Markets Association (GEMA) and KWR International, Inc. The Asian Wall Street Journal Weekly is the Media Sponsor and the speakers will include:

	John Woods, Head of Asian Credit Research, HSBC Treasury and Capital Markets, Asia
	Henny Sender, Staff Reporter, AWSJ/WSJ and Contributing Editor, FEER
	Steve Persky, Founder/Managing Partner, Dalton Investments LLC
	Jean-Louis Lelogeais, President, Moore Strategic Value Partners LLC
	Michael Chamberlin, Executive Director, EMTA
	Joyce Chang, Global Director, International Fixed Income Research, J.P. Morgan Chase
	Wilbur L. Ross, Jr., Chairman and CEO, WL Ross & Co., LLC

"This conference is designed to better familiarize investors with the changes now taking place in Asia so that they will be better able to evaluate the risks and potential of Asian debt markets," stated Steve Persky, Managing Director of Dalton Investments LLC. "Superior performance in Asian high yield and distressed debt requires investors to have a viewpoint and skill base which is often markedly different from what is required in the U.S."

"The financial landscape in Asia has changed dramatically in recent years", noted Wilbur L. Ross, Jr., Chairman and CEO of WL Ross & Co., LLC. "Even before the 1997 financial crisis, Asia's expanding capital requirements necessitated a shift from its traditional reliance on commercial bank loans toward the greater liquidity and efficiency allowed by fixed income markets."

"If Asia's respective governments can draw any positive conclusions from Asia's extended crisis thus far", noted John Woods, Head of Asian Credit Research, HSBC Treasury and Capital Markets, Asia, "high on its list would be the observation that countries with robust domestic markets have weathered the storm appreciably better than those without."

*How To Register*

Investors, executives, financial and service professionals and other interested individuals are invited to register as mentioned below:

Asia Society Box Office ** (credit card orders only)
FAX: 212-517-8315
TEL: 212-327-9276 (M-F 10am to 5pm)
All cancellations for refunds must be received by May 16.
NO SHOWS WILL BE BILLED. EMAIL: juditel@asiasoc.org

To purchase corporate tables, call Justin Sommers: 212/327-9292
For program information only, contact William Robison at: tel: 212/327-9303; or E-mail: williamr@asiasoc.org.

Or, print out the form below and mail or fax it to the address above

Name_____________________________ Title______________________
Company____________________________________________________
Address_____________________________________________________
City/State/Zip________________________________________________
Telephone___________________________________________________
Fax________________________________________________________
Email_______________________________________________________

Registration Price: Member $100: ___________________________________
Non-Member $125: ________________________________________________
Academic & NGO Rate $60: _______________________________________
Total Enclosed__________________________________________________

Credit Card Acct. No.: ______________________________________________
Exp. Date: _______________________________________________________
Signature: _______________________________________________________