Reuters renowned bond market experts individually evaluate over 2,500 high-yield corporate bonds, mainly on a U.S. Dollar basis, by making extensive calls to the broker/dealer communities. The almost 40-strong team obtains the best bids and offers available, with a goal to produce daily institutional bid-side evaluations on all high-yield bonds. Vigorous quality control checks ensure the accuracy of Reuters DataScope's bond valuations.

Michele Kelsey, Senior Vice President of LPC, comments: "We see this as an important step in leveraging Reuters/LPC cross asset pricing capabilities. With continued convergence in the US and European capital markets, asset managers, investors and financial institutions active in the bank loan market need access to one-stop-shop end of day pricing for loans, high-yield bonds and asset backed securities. The expansion of this joint offering streamlines delivery and enhances value to our clients."

Reuters DataScope and LPC have ongoing plans to extend their cross asset pricing offerings. This includes adding LPC loan data to Reuters DataScope's reference data feed early in 2005 and making Reuters high-yield bond and asset-backed pricing available via CDOi, LPC's market data solution for the CDO market.

About Reuters DataScope
Reuters DataScope is a total solution for historical and reference data needs. It offers comprehensive and accurate equities, fixed income, money markets, and futures data with a choice of delivery options from web-based to an on-site relational database. Reuters DataScope offers:

• Equity end of day prices and corporate actions from more than 180 exchanges
  
• Spot rates on 175 currencies, cross and forward rates, futures and options
  
• Unrivalled bond coverage with international content from Reuters along with renowned US taxable fixed-income security coverage from the EJV database, resulting from the partnership of the world's top brokers/dealers
  
• Cross-referencing for front to back-office integration
  
• Global terms and conditions
  
• Unlimited open access for flexible use with other data sources

Reuters and the sphere logo are the trade-marks of the Reuters group of companies.

*About Loan Pricing Corporation
Since 1985 Loan Pricing Corporation (LPC) (www.loanpricing.com), a Reuters Company, has provided market players around the world with the most complete and accurate news, data and analytics on bank loans. LPC's coverage spans the United States, Europe (EMEA), Latin America and the Asia-Pacific via subsidiary Basis Point Publishing Limited.

LPC's content is delivered via publications, on-line services and databases. LPC is the premier global provider of loan market information and analysis as a result of its in-depth focus on the loan industry and development of state-of-the-art products and services for bankers, borrowers and loan investors.

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