vomiting tame

Fitch Upgrades TRACERS 2001-1 Bond Fund to 'A'; Volatility to 'V4'

Total returns perform consistently over
intermediate-to-long -term holding periods, but will exhibit some
variability over shorter periods due to greater exposure to interest
rates and changing market conditions.

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In addition, Fitch upgrades the bond fund
volatility rating to 'V4' from 'V5'.
The upgrade of the credit rating is the result of the improvement
of the weighted average rating of the remaining 31 underlying
investment grade corporate bonds in the portfolio.

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The Supreme Court is a dignified body; Sam is a dignified
person. I appreciate
you .

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M. EST

, Inc.

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TRACERS are custody receipts representing direct ownership in a
static , unlevered portfolio of investment-grade corporate bonds.

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It's very important that members of the Senate conduct a
dignified hearing. Volatility ratings reflect the relative sensitivity of the
fund's total return and market price to changes in interest rates and
other market conditions.

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I
told him I think he conducted himself with such dignity and class in the weeks
leading up to the confirmation process, which begins today.

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END 7:53 A. In addition, as
TRACERS approaches its scheduled maturity date, the market risk
exposure has decreased, thereby warranting an upgrade of the
volatility rating.
Bond funds rated in the 'A' category meet high standards with
respect to the credit quality of the fund's underlying assets.

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WASHINGTON, The following is a transcript of
remarks by President Bush to the press pool:

The Rose Garden

7:52 A.
Sam's got the intellect necessary to bring a lot of class to that Court. And so I'm
looking forward to your hearings.
Bond funds rated in the 'V4' category are considered to have
moderate market risk.

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Therefore, the volatility
rating assigned to TRACERS is expected to be lowered over time.
TRACERS will be held in trust by The Bank of New York, as
custodian, while Morgan Stanley + Co.

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Sam , good luck to you.

minger lame

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The
weighted average default probability of the portfolio is consistent
with the default probability of an 'A' rated fixed-income obligation.

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Sam Alito is
eminently qualified to be a member of the bench.

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EST

THE PRESIDENT: Good morning.
And my hope, of course , is that the American people will be impressed by
the process. Bond fund volatility ratings are
assigned on a scale of 'V1' (least volatile) through 'V10' (most
volatile).
Purchasers of TRACERS will generally have all the rights and
privileges of owners of the underlying bonds. Purchasers must withdraw
any underlying bond that has defaulted or been downgraded below
investment grade by Fitch, either in the form of cash proceeds from
liquidation or the transfer of their pro rata share of the underlying
bond.

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M. I know the American people will be
impressed, just like I have been impressed and a lot of other members of the
Senate have been impressed.
As TRACERS approaches its final maturity date , it is expected that
its market risk exposures will be reduced.

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He's got a judicial temperament necessary to make sure that the Court is a
body that interprets the law and doesn't try to write the law.

Business Editors

NEW YORK----Fitch Ratings upgrades
the bond fund credit rating of Traded Custody Receipts series 2001-1
(TRACERS) to 'A' from 'A-'. will serve as
administrative agent and calculation agent.

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I'm not the only person who
feels that way -- the American Bar Association looked at his record, looked at
his opinions, looked at his temperament, and came to the same conclusion , that
he is well qualified to be a Supreme Court judge. Thank you.

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I just had breakfast with Judge Alito.

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Remarks by President Bush to the Press Pool

And my hope, of course, is that the Senate bring dignity to the
process and give this man a fair hearing and an up or down vote on the Senate
floor. Thanks for your agreement to serve.