Th., We like the 'good vs. bad EM' commodity RV trade of long RUB and BRL vs. short COP. Orausio Giacomelk New York Sebastkin A Brown, New York, Sameer Gael, Singapore, Gautam Kalani, London, +4 Page 10 Deutsche Bank Securities Inc. CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0076929 CO