NATIONAL STEEL COMPANY

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Companhia Siderurgica Nacional is a steel producer in Brazil and in Latin America. Co. manufactures a line of steel products, including slabs, hot- and cold-rolled, galvanized and tin mill products for the distribution, packaging, automotive, home appliance and construction industries. Co. also produces tin mill products for packaging containers. Co.'s production process is based on the integrated steelworks concept. In addition to owning its own source of iron ore, Co. also produces from its own mines all of its requirements of limestone and dolomite and a portion of its tin requirements. The firm has no submitted 13F filings and does not appear to be an investment advisor.

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