FROM THE OFFICE OF PUBLIC AFFAIRS

The Treasury Department tomorrow will announce interim guidance for the insurance industry in meeting certain requirements under the Terrorism Risk Insurance Act of 2002, signed into law by President Bush on Nov. 26, 2002.

Treasury Under Secretary Peter Fisher will announce the interim guidance at a news conference at 3:00 p.m. EST on Tuesday, Dec. 3, 2002, in the Media Room (Room 4121) at the Treasury Department, 1500 Pennsylvania Ave., N.W., Washington, DC. He will be joined by Terri Vaughan, president of the National Association of Insurance Commissioners and the Commissioner of Insurance for the state of Iowa.

The news conference will be web cast live at www.treasury.gov.

The room will be available for pre-set at 2:00 p.m. on Tuesday. Media without Treasury or White House press credentials planning to attend should contact Frances Anderson at Treasury's Office of Public Affairs at (202) 622-2960 by 1:00 p.m. on Tuesday with the following information: name, media organization, social security number and date of birth. This information also may be faxed to (202) 622-1999.