3rd March 2005

Dear Ivor,

I would like to take this oppertunity of thanking you for joining me and the Deutsche Bank Priority Client Management tean on Thursday 17th February and for helping make the evening such a success.

I have recieved many complimentary comments both from clients and staff that attended the evening and enjoyed the entertainment that was provided.

I look forward to having an opportunity in the future of meeting you again.

Kind regards

Clive Bellows