<HTML><HEAD><TITLE>Dear Sir/Madam,</TITLE><META http-equiv=Content-Type content="text/html; charset=windows-1252"><META content="Microsoft FrontPage 4.0" name=GENERATOR></HEAD><BODY link=#0000ff><FONT face=Arial size=2></FONT><TABLE class=tab style="FONT-SIZE: 11px; FONT-FAMILY: verdana" cellSpacing=0 borderColorDark=#cc0066 cellPadding=2 width="95%" align=center borderColorLight=#cccccc border=1 >  <TBODY>  <TR>    <TD class=tab colSpan=2><a href="http://www.indiainfoline.com/"><img height="90"    src="http://www.indiainfoline.com/imgs/iilo.gif" width="124" border="0" align="left"></a>       <P align=center><FONT face="Times New Roman, Times, serif" color=#cc0033       size=5><B><BR>        <FONT size=6>India Infoline Economy Probe</FONT></B></FONT><FONT size=6><I><B><FONT color=#cc0066>         </FONT></B></I></FONT><I><FONT       face="Verdana, Arial, Helvetica, sans-serif" color=#999999       size=2><BR>        </FONT></I></P>      <DIV align=center>      <DIV 
align=center></DIV></DIV></TD></TR>  <TR>     <TD class=tab vAlign=top colSpan=2>       <P><font color="#000080" size="3" face="Garamond">Get an update on the Indian         Economy delivered into your mailbox every month.</font></P>      <P align=justify><font color="#000080" size="3" face="Garamond"><b>India         Infoline Economy Probe</b> reviews the key aspects of the Indian economy         such as GDP, growth in agriculture and industry, foreign trade, money         &amp; banking, trends in inflation, progress on infrastructure projects,         institutional fund flows and performance of key stock indices.</font></P>      <table width="100%" border="0" cellspacing="4" cellpadding="4">        <tr>           <td colspan="2" rowspan="2">             <div>               <p><font face="Garamond" size="3"><font color="#000080">The Monthly                 Report includes:</font></font>               <p><font face="garamond" size="3">1. </font><font face="garamond" size="3" 
color="#000080">Executive                 Summary </font>            </div>            <div><font face="garamond" size="3" color="#000080">2. Macroeconomic               Indicators </font></div>            <div><font face="garamond" size="3" color="#000080">3. Agriculture</font></div>            <div><font face="garamond" size="3" color="#000080">4. Industry </font></div>            <div><font face="garamond" size="3" color="#000080">5. Infrastructure               </font></div>            <div><font face="garamond" size="3" color="#000080">6. Banking </font></div>            <div><font face="garamond" size="3" color="#000080">7. External Sector               </font></div>            <div><font face="garamond" size="3" color="#000080">8. Capital Market</font></div>            <div>               <p align="center"><strong><a href="http://www.indiainfoline.com/econ/mosu/Aug%2704.pdf">                 </a></strong></p>            </div>          </td>          <td rowspan="2" 
valign="top" width="20%" align="center">             <table width="180" border="1" cellspacing="0" cellpadding="0" bordercolor="#000099" vspace="6" hspace="6" align="right">              <tr align="center">                 <td><font face=Garamond color=#000080 size=3><b><img src="http://www.indiainfoline.com/imgs/nevi/ecopro.jpg" width="216" height="225" align="right"></b></font></td>              </tr>            </table>          </td>        </tr>        <tr> </tr>      </table>      <P align=center><strong><a href="http://www.indiainfoline.com/econ/mosu/sept%2704.pdf"><font color="#CC0033" size="4" face="Garamond">View         Sample of India Infoline Economy Probe</font></a></strong></P>      <P align=justify><font color="#000080" size="3" face="Garamond">The monthly         report (in PDF format) would be emailed directly into your mailbox by         the 10th of every month. Annual Subscription charge (inclusive of service         tax) is Rs 6,000 (US$150 for overseas 
subscriptions) for 12 issues. In         addition, subscribers would receive Special Reports on key economic events         such as Budget, Credit Policy, EXIM Policy and Elections.</font></P>      <P align="center"><strong><font face="Garamond" color="#cc0033" size="4">         </font>&nbsp;<a       href="http://www.indiainfoline.com/economy/register.asp?flag=payonline"><font face="Garamond" color="#cc0033" size="4">Subscribe         Now!</font></a></strong><font face="Garamond" color="#000080" size="3"></font></P>      <P><font color="#000080" size="3" face="Garamond">For Subscriptions send         Demand Draft/Cheque payable at par in Mumbai in favor of India Infoline         Limited to:</font> </P>      <P><STRONG><font color="#000080" size="3" face="Garamond">Suvarna Gurav<BR>        India Infoline Ltd<BR>        Suraj Towers, Ground Floor,<BR>        Valbhatt Road, Opp. Nirlon Complex,<BR>        Goregaon (E), Mumbai 400063.</font></STRONG></P>      <font color="#000080" 
size="3" face="Garamond">For a sample copy of our       recent Economy Probe or <STRONG>further purchase inquiries, send a mail       to </STRONG><A       href="mailto:economy@indiainfoline.com">economy@indiainfoline.com</A><STRONG>       or Call +91 022 5675 4478/ 79 </STRONG></font></TD>  </TR>  <TR>    <TD class=tab vAlign=top colSpan=2 >      <hr color="#ff0000">      <font face="Verdana, Arial, Helvetica, sans-serif" color="#000000" size="2"><strong><font size="1">F</font><font size="1" color="#FFFFFF"><font color="#000000">or       subscription/ adding names to Mailers, </font></font><font size="1"><a href="http://www.indiainfoline.com/Register.asp" target="_blank">Click       here </a> </font></strong></font><font face="Verdana, Arial, Helvetica, sans-serif" color="#000000" size="2"><strong><font size="1" color="#FFFFFF"><br>      <font color="#000000">To unsubscribe </font></font><font color="#000000"><strong></strong><font size="1">:       </font></font><font size="1"><a    
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