HISTORICAL DOLLAR YEN EXCHANGE RATES


Set forth below are month-end exchange rates (rounded off to the nearest Yen) and annual averages for the calendar years and months noted:

Month
1991
1992
1993
1994
1995
1996
January134 125124 111100 106
February131 126124 10698 106
March132 129118 10591 106
April140 133115 10584
May137 133111 10485
June137 129107 10385
July137 125106 9987
August137 127106 10095
September137123 10499100
October132119 10598101
November130123 10898102
December130124 109100102
AVERAGE135 126 111 10294


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