CAPITAL ACCESS RANKS TOP HOLDERS of CATASTROPHE BONDS

Capital Access International today announced its ranking of the top holders of a basket of approximately 20 risk-linked securities as reported in the companys flagship browser-based market analysis service, eMAXXSM. Data is based on holdings information from U.S. and European mutual funds, U.S. insurance companies as well as U.S. public pension funds.

October 24, 2002, Morristown, NJ -- Capital Access International today announced its ranking of the top holders of a basket of approximately 20 risk-linked securities as reported in the companys flagship browser-based market analysis service, eMAXXSM. Data is based on holdings information from U.S. and European mutual funds, U.S. insurance companies as well as U.S. public pension funds.

Catastrophe bonds, also known as risk-linked securities, are securitized instruments issued by insurance and reinsurance companies to transfer to the capital markets the risks associated with natural disasters and other catastrophic events.

Following are the top five holders of catastrophe bonds as reported in eMAXX as of October 15. 2002.
   

Institutional Investor   Par Amount ($000)
Pacific Investment Management Co. (PIMCO)   $148,950
Teachers Insurance & Annuity Association   $120,000
Midland Advisors Company   $58,455
Aon Advisors, Inc.   $30,000
Metropolitan Life Insurance Company    $21,310

Issuers of the most widely held catastrophe bonds include Swiss Re, SCOR and USAA. Most of these issues are rated sub-investment grade by the major rating agencies.

About Capital Access: Founded in 1989, Capital Access International provides a client-tailored, Internet-distributed market analysis and investment securities consulting service supporting the information needs of broker/dealers, underwriters and debt issuers worldwide. Capital Access is the only company that focuses on the needs of the fixed-income community exclusively, underscoring its premier position in the growing market for fixed-income market intelligence. The company maintains the renowned FINCOM database of investor profiles, bondholdings and transaction data. Capital Access clients have 24-hour access to timely and detailed institutional profile and bondholdings market intelligence on firms located in North America and Western Europe. Such information is available through a variety of convenient and cost-effective products and services, the most widely used being its online system, eMAXX. The online tool is currently used by thousands of institutional sales, trading, investment banking and marketing professionals to manage sales and trading desks, identify new business opportunities and quickly access timely information on bonds and bond buying firms around the world. Capital Access International is headquartered in Morristown, New Jersey and maintains a research and sales office in London. The companys website is www.capital-access.com.

Contact Louisa Ross-Eilender at 800-866-5987 or lross@capital--access.com for more information.