central european equity fund deutsche bank april 2002 economic prosperity in and beyond the as of 3 31 02 nyse cee investment manager securities total assets 127 million nav 15 91 stock price 13 27 benchmark cece objective long term capital appreciation through eastern equities why invest professional expertise diversification low correlation with developed markets high growth valuation convergence discount to net asset value share buybacks ytd 1 2001 5 0 2000 11 7 1999 12 1998 2 1997 1996 buyback program reduction shares outstanding 10 01 16 9 14 8 fiscal year 20 4 6 index spread points performance calculated on per adding back all fees expenses other than commissions non recoverable german withholding tax excluding effect buy backs issuance new below 21 czech republic
