TAHOE TRADING TEAMS UP WITH UNDCP TO SUPPORT “BASKETBALL WITHOUT BORDERS” CAMP FOR KIDS FROM FORMER YUGOSLAVIA

TAHOE TRADING TEAMS UP WITH UNDCP TO SUPPORT 'BASKETBALL WITHOUT BORDERS' CAMP

FOR KIDS FROM FORMER YUGOSLAVIA

NEW YORK, 7 May (UNDCP) -– Tahoe Trading LLC of the United States announced today that it will join the United Nations International Drug Control Programme (UNDCP) as a co-sponsor of “Basketball without Borders”, a camp for young players (aged 12-14) from Bosnia and Herzegovina, Croatia, the former Yugoslav Republic of Macedonia, Slovenia and the Federal Republic of Yugoslavia.

Nine National Basketball Association (NBA) players, led by veterans Vlade Divac of the Sacramento Kings, a native of the Federal Republic of Yugoslavia, and Toni Kukoc of the Atlanta Hawks, a three-time European player of the year and a native of Croatia, will conduct a basketball camp in Treviso, Italy, from 29 June to 2 July.

“Tahoe Trading’s co-sponsorship of Basketball without Borders is a great example of the private and public sectors working together to build bridges of hope to the next generation in the former Yugoslavia”, said United Nations Under- Secretary-General Pino Arlacchi, the Executive Director of the UNDCP.

“At Tahoe, we believe in reaching beyond the bounds of our day-to-day business”, said Steve Braverman, the Managing Director of Tahoe Trading.  “It is vitally important to our company that we are not only respected members of the Wall Street community but the world community as well.  Helping to make a difference in the lives of these wonderful children is an important part of that effort.”

Tahoe Trading is a member firm trading organization engaged primarily in equity derivative arbitrage.  Tahoe maintains memberships on most major United States exchanges with offices in New York, Philadelphia, Chicago and San Francisco.  Tahoe develops and utilizes cutting edge proprietary technology to provide fair and orderly markets for both public and private investors.

The three-day event, “Basketball without Borders”, (“Košarka bez granica”)  will also include seminars designed to promote leadership, conflict resolution and living a healthy life without drugs as part of the celebration of the United Nations International Day against Drug Abuse (26 June 2001).  Benetton, which owns the Treviso basketball team in the Italian league, is also a co-sponsor of the camp and will host the 50 young participants (10 from each country) at La Ghirada, their basketball facilities an hour north of Venice.  The national basketball federations of each country will choose 10 participants in cooperation with the

International Basketball Federation (FIBA).  The participants will be selected based on their basketball skills and leadership abilities.  The young players will be outfitted by Champion with footwear provided by Nike.  Other co-sponsors include:  CIBA Textiles of Austria, blu cellular telephones of Italy, Austrian Airlines, Johnson and Johnson and Milka chocolates.

Other NBA players participating in the camp include:  Zan Tabak (Croatia) and Bruno Sundov (Croatia) of the Indiana Pacers; Peja Stojakovic (Federal Republic of Yugoslavia) of the Sacramento Kings; Alex Radojevic (Federal Republic of Yugoslavia) of the Denver Nuggets; Rasho Nesterovic (Slovenia) of the Minnesota Timberwolves; Dalibor Bagaric (Croatia) and Dragan Tarlac (Federal Republic of Yugoslavia) of the Chicago Bulls. LA Clippers assistant coach Igor Kokoskov (Federal Republic of Yugoslavia), European basketball players Vrbica Stefanov (the former Yugoslav Republic of Macedonia) and Nenad Markovic (Bosnia and Herzegovina) also will help conduct the camp.

For more information, please contact:  Zach Messitte, United Nations, messitte@un.org, (212) 963-2710 and Helen Wong, NBA, hwong@nba.com, (212) 407-8299

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