Each depositor insured to at least $250,000 per insured bank

The Office of the Comptroller of the Currency (OCC) has advised the Federal Deposit Insurance Corporation (FDIC) that the Lincoln Bank and Trust Company Limited, Montserrat, may be illegally conducting banking business. The OCC has been informed by the Financial Services Commission, Brades, Montserrat (FSA), that the entity is claiming to hold a valid offshore banking license issued by the FSA. However, the license was revoked on May 1, 2001, and has not been reinstated. Accordingly, the entity has no authority under Montserrat law to perform the business of banking. Proposed transactions involving this entity should be viewed with extreme caution.

Any information or questions that you have about this entity may be brought to the attention of:

Financial Services Commission
P.O. Box 188
Brades, Montserrat
Telephone: (664) 491-6887
Fax: (664) 491-9888
E-mail: fscmrat@candw.ag

Information about this entity may also be forwarded to the FDIC's Special Activities Section, 550 17th Street, NW, Room F-4040, Washington, D.C. 20429, or transmitted electronically to alert@fdic.gov.

For your reference, FDIC Special Alerts may be accessed from the FDIC's Web site at http://www.fdic.gov/news/news/SpecialAlert/2004/index.html. To learn how to automatically receive Special Alerts, Financial Institution Letters and other announcements through e-mail, please visit www.fdic.gov/news/news/announcements/index.html.

Distribution: FDIC-Supervised Banks (Commercial and Savings)

NOTE: Paper copies of FDIC Special Alerts may be obtained through the FDIC's Public Information Center, 801 17th Street, NW, Room 100, Washington, DC 20434 (1-877-275-3342 or (703) 562-2200).