In November 2005, American Express announced an agreement with TD Waterhouse regarding the provision of retail brokerage services for customers of American Express Investments.

Under this agreement the majority of American Express Investments accounts were transferred to TD Waterhouse during March 2006.

The American Express Investments service is no longer available. Unless you provided instructions to transfer your American Express Investments account to an alternative provider by February 2006, your account was transferred to TD Waterhouse.

Your TD Waterhouse account can be accessed online at www.tdwaterhouse.co.uk You will need the login details that
TD Waterhouse sent you in March 2006. If you do not have these login details, please call us on 0845 607 6001.

For further information about the transfer of your account to TD Waterhouse, please contact us on 0845 607 6001.

To find out more about the services offered by TD Waterhouse, please call our Investor Centre team on 0845 601 6205.