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Announcement of Conference Call on U.S.

Economic Outlook
Topic: U.S. Economic Outlook. Brief review of the Labor Market Report (released the morning of the call) followed by a more general discussion of growth, inflation, policy and markets. Speaker: Bruce Kasman Length: 15 to 20 minutes. Broadcast: Friday, May 4, 2012 at 10:00 AM EDT Please call ten minutes prior to start to allow time to connect everyone. Operator will ask for name and company. Toll Free access: 888-793-8857 All other callers: 773-681-5987 Passcode: 6909591 This call will now be available in MP3 format on the MorganMarkets Economics home page and on the podcasts page of MorganMarkets (www.morganmarkets.com/podcasts). The MP3 formatted audio file will be posted to MorganMarkets soon after the call is completed and kept on the site for convenient download or listening at any time. Replay: For a full week, starting at 11:30 AM on Friday, May 4, 2012 through 10:00 AM on Saturday, May 12, 2012. Hours are NY time (EDT). Callers will be prompted with instructions after calling. Individual tapes will be played for each caller. Toll Free access: 888-458-8113 All other callers: 402-998-1351 Passcode: 6909591 Callers have the options of winding back the tape 30 seconds (press 7), pausing the tape (press 8), or moving ahead 30 seconds (press 9).