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C O R R E C T I O N


Leonor Briscoe


In IFC's project announcements released last December 17, 1992 and January 29, 1993, International Pipes Ltd. (IPL) of Hong Kong was mistakenly mentioned as one of the sponsors of the Shenzhen Taiyang PCCP joint venture project in the People's Republic of China. The project is jointly sponsored by Asian Pressure Pipe Ltd. of Hong Kong (a joint venture composed of Price Brothers Company of the U.S.A and Winston Enterprises Ltd. of Hong Kong), Shenzhen Municipal Light Industrial (Group) Company, Shenzhen Municipal Light Industrial (Group) Development Corporation, and China National Zhujiang Building Material Enterprise Company. Our apologies.

Asian Pressure Pipe Ltd.