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Published on 2/1/2002 in the Prospect News Convertibles Daily.

UBS Warburg global convertible index down 1.7% in January, mandatories lose 5.0%

New York, Feb. 1 - The UBS Warburg Global Convertible index lost 1.7% in January.

Among the components, European convertibles - denominated in euros - rose 0.1% while the U.S. component dropped 0.8%. The U.S. Mandatory index fell 5.0% in the month.

UBS Warburg Global Convertible Index

Jan. 31, 2002 Dec. 31, 2001 Change %

Global Index130.8133.0-1.7%
European (EUR)135.7135.50.1%
US155.9157.1-0.8%
US Vanilla155.8155.9-0.1%
US Mandatory 165.9174.6-5.0%
US Investment Grade138.0140.0-1.4%
US Sub BBB & NR 164.2164.5-0.2%

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