Table: Get 'Em While They're Hot

Poland's high yields will evaporate...

MAR. 1 DEC. 31, 2001**

POLISH FIVE-YEAR BOND 12.3% 10.3% POLISH 12-MONTH TREASURY 16.0 13.2 EURO-12* FIVE-YEAR BOND 4.5 5.2 U.S. FIVE-YEAR BOND 5.0 5.8

...as its economy converges with the EU's

2000 2001** 2002**

REAL GDP 4.4% 4.6% 5.5% UNIT LABOR COSTS -12.3 -7.8 -5.8 INFLATION 10.1 7.5 6.0 CURRENT ACCOUNT DEFICIT 6.4 5.5 4.9

* Average bond yield for the 12 euro-zone countries ** Forecast

Data: National Bank of Poland, Raiffeisen Zentralbank Osterreich

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