-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 MSFDd5DblkBMO9ezER/cvbDIoSI6LAI+lsMNs89khK8P8ifE3rRTPV6yZyvHcOrb
 XPUtG6flx/4q7HP8NvyLCg==

<SEC-DOCUMENT>0000950157-06-001245.txt : 20061121
<SEC-HEADER>0000950157-06-001245.hdr.sgml : 20061121
<ACCEPTANCE-DATETIME>20061121170726
ACCESSION NUMBER:		0000950157-06-001245
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20061121
FILED AS OF DATE:		20061121
DATE AS OF CHANGE:		20061121

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NATIONAL STEEL CO
		CENTRAL INDEX KEY:			0001049659
		STANDARD INDUSTRIAL CLASSIFICATION:	STEEL WORKS, BLAST FURNACES & ROLLING & FINISHING MILLS [3310]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14732
		FILM NUMBER:		061233524

	BUSINESS ADDRESS:	
		STREET 1:		RUA LAURO MULLER
		STREET 2:		116 36 ANDAR
		CITY:			RIO DE JANEIRO RJ BR
		STATE:			D5
		ZIP:			00000
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>form6k.htm
<DESCRIPTION>REPORT OF FOREIGN PRIVATE ISSUER FOR THE MONTH OF NOVEMBER, 2006
<TEXT>
<html>
  <head>
    <title>
      Report of Foreign Private Issuer For the month of November, 2006
</title>
<!-- Licensed to: Cravath Swaine & Moore LLP-->
<!-- Document Created using EDGARizer HTML 3.0.4.0 -->
<!-- Copyright 2006 EDGARfilings, Ltd., an IEC company.-->
<!-- All rights reserved EDGARfilings.com -->
</head>
  <body bgcolor="#ffffff">
    <hr style="COLOR: black" align="center" noshade size="4" width="100%">
    <div>&#160;</div>
    <div align="center"><font style="FONT-FAMILY: Times New Roman" color="#000000" size="5"><strong>SECURITIES
      AND EXCHANGE COMMISSION </strong></font></div>
    <div align="center"><font style="FONT-FAMILY: Times New Roman" color="#000000" size="3"><strong>Washington,
      D.C. 20549 </strong></font></div>
    <div>&#160;</div>
    <hr style="COLOR: #000000" align="center" noshade width="21%">
    <div>&#160;</div>
    <div align="center"><font style="DISPLAY: inline; FONT-SIZE: 18pt; FONT-FAMILY: Times New Roman"><strong>FORM
      6-K </strong></font></div>
    <div>&#160;</div>
    <div align="center"><font style="FONT-FAMILY: Times New Roman" color="#000000" size="3">Report
      of Foreign Private Issuer<br>Pursuant to Rule 13a-16 or
      15d-16&#160;under the</font></div>
    <div align="center"><font style="FONT-FAMILY: Times New Roman" color="#000000" size="3">Securities
      Exchange Act of 1934</font></div>
    <div>&#160;</div>
    <div align="center">
      <div><strong>For the month of November, 2006</strong></div>
      <div>&#160;</div>
      <div>
      </div><strong>Commission File Number 1-14732 </strong></div>
    <div>&#160;</div>
    <hr style="COLOR: #000000" align="center" noshade width="21%">
    <div>&#160;</div>
    <div align="center"><font style="DISPLAY: inline; FONT-SIZE: 24pt; FONT-FAMILY: Times New Roman"><strong>COMPANHIA
      SIDER&#218;RGICA NACIONAL </strong></font></div>
    <div align="center"><font style="FONT-FAMILY: Times New Roman" color="#000000" size="2">(Exact
      name of registrant as specified in its charter) </font></div>
    <div>&#160;</div>
    <div align="center">
    </div>
    <div>
    </div>
    <div align="center"><font style="DISPLAY: inline; FONT-SIZE: 24pt; FONT-FAMILY: Times New Roman"><strong>National
      Steel Company </strong></font></div>
    <div align="center"><font style="FONT-FAMILY: Times New Roman" color="#000000" size="2">(Translation
      of Registrant's name into English)</font></div>
    <div>&#160;</div>
    <div>
    </div>
    <div align="center"><font style="FONT-FAMILY: Times New Roman" color="#000000" size="3"><strong>Av.
      Brigadeiro Faria Lima 3400, 20&#186; andar<br>S&#227;o Paulo, SP,
      Brazil<br>04538-132 </strong></font></div>
    <div align="center"><font style="FONT-FAMILY: Times New Roman" color="#000000" size="2">(Address
      of principal executive offices)</font></div>
    <div>&#160;</div>
    <div>
    </div>
    <div align="center"><font style="FONT-FAMILY: Times New Roman" color="#000000" size="3">Indicate
      by check mark whether the registrant files or will file annual
      reports<br>under cover Form 20-F or Form 40-F:&#160;</font></div>
    <div align="center">
    </div>
    <div align="center">Form 20-F <u>___X___</u> Form 40-F _______ </div>
    <div align="center">&#160;<font style="FONT-FAMILY: Times New Roman, Times, Serif" size="3">Indicate
      by check mark whether by furnishing the information contained in
      this Form, the registrant&#160;is also thereby furnishing the information
</font></div>
    <div align="center"><font style="FONT-FAMILY: Times New Roman, Times, Serif" size="3">to
      the Commission pursuant to Rule 12g3-2(b) under the Securities
      Exchange Act of 1934. </font>&#160;</div>
    <div align="center">Yes _______ No <u>___X____</u></div>
    <div align="center">&#160;</div>
    <div>
      <hr style="COLOR: black" align="center" noshade size="4" width="100%">
    </div>
    <div align="center">
    </div>
    <div align="left">
    </div><a name="page_1"/>
    <div align="center">&#160;</div>
    <div align="center">&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: blue" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div align="center">&#160;</div>
    <div align="left">
    </div>
    <div>&#160;</div>
    <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><strong>NOTICE
        TO THE MARKET</strong></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><strong>COMPANHIA
        SIDER<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">&#218;RGICA
        NACIONAL</font></strong></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">Publicly-held
        Corporation</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">Rua
        S<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">&#227;</font>o Jos<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">&#233;</font>
        n<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">&#176;</font> 20,
        Grupo 1602,
        parte</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">Rio
        de Janeiro/RJ</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">Corporate
        Taxpayers<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">&#8217;</font> ID (CNPJ)
        #33.042.730/0001-04<br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">Companhia
        Sider<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">&#250;rgica Nacional
        (<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">&#8220;</font>CSN<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">&#8221;</font>),
        pursuant to
        Rule No. 358, of January 3, 2002, Law No. 6,404, of December 15, 1976, and
        other
        provisions regulating the&#160;capital markets, hereby informs the Securities
        and Exchange Commission <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">&#8211;</font>&#160;CVM,
        the
        S<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">&#227;</font>o Paulo
        Stock Exchange <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">&#8211;</font> BOVESPA
        and the
        general public of the following.</font></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">CSN
        </font>approaches&#160;Corus Group plc (&#8220;Corus&#8221; or the &#8220;Company&#8221;) with a
        proposal of 475 pence </strong></font><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>per
        share</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">CSN
        announces that it has today approached the Board of Corus regarding a proposal
        to acquire the Company at a price of 475 pence per ordinary share in cash.
        Any
        potential offer is subject to certain pre-conditions, all of which&#160;CSN
        reserves the right to waive, including completion of confirmatory due diligence
        satisfactory to CSN, finalisation of financing arrangements and a recommendation
        from the Board of Corus.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">CSN
        believes there is compelling strategic and industrial logic for a combination
        with&#160;Corus as it would:</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
        <div align="left">
          <table cellpadding="0" cellspacing="0" width="100%">

              <tr>
                <td valign="top" width="5%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Wingdings 2">&#8212;</font></div>
                </td>
                <td align="left" valign="top" width="62%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">Enable&#160;Corus
                    to secure supply of high quality, low cost iron ore from CSN<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">&#8217;s</font>
                    Casa de
                    Pedra mine, one of the largest captive mines in the
                    world.</font></div>
                </td>
              </tr>
              <tr>
                <td valign="top" width="5%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Wingdings 2">&#8212;</font></div>
                </td>
                <td align="left" valign="top" width="62%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">In
                    time, provide&#160;Corus with access to increasing quantities of low cost
                    semi-finished steel for further processing across its facilities
                    in
                    Europe.</font></div>
                </td>
              </tr>
              <tr>
                <td valign="top" width="5%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Wingdings 2">&#8212;</font></div>
                </td>
                <td align="left" valign="top" width="62%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">Allow&#160;Corus
                    greater access to fast growing markets as well as providing opportunities
                    for cross-selling the enlarged portfolio of products.</font></div>
                </td>
              </tr>
              <tr>
                <td valign="top" width="5%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Wingdings 2">&#8212;</font></div>
                </td>
                <td align="left" valign="top" width="62%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">Create
                    the potential to capture significant synergy benefits through
                    global
                    procurement savings and allow for the sharing of best
                    practices.</font></div>
                </td>
              </tr>
              <tr>
                <td valign="top" width="5%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Wingdings 2">&#8212;</font></div>
                </td>
                <td align="left" valign="top" width="62%">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">Give&#160;CSN
                    the ability to leverage Corus&#8217; exceptional research&#160;and development
                    and engineering expertise across the combined
                    group.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">The
        combination of CSN and&#160;Corus would create a top five global steel group
        with 24 million tons of annual steel production and, by 2010, approximately
        50
</font><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">million
        tons of annual iron ore production.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">CSN
        intends to finance the acquisition of Corus through a combination
        of existing financial resources and the proceeds of new debt facilities to
        be
        underwritten by a bank syndicate comprised of Barclays Bank PLC, Goldman
        Sachs
        Credit Partners L.P. and BNP Paribas and/or their designated
        affiliates.&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">CSN
        intends to match the terms of the agreement reached with the trustees of
        Corus<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">&#8217;</font>
        pension funds as described in Corus<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">&#8217; s</font>cheme
        document.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">Commenting
        on the approach Benjamin Steinbruch, Chairman and CEO of&#160;CSN
        said:</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">&#8220;</font>A
        combination of
        CSN and Corus&#160;would create a global powerhouse with market leading
        positions and exceptional distribution networks across both developed and
        emerging markets. With its vertically integrated structure and industry leading
        margins, the enlarged group would become a leader in the global steel industry,
        fully self-sufficient in iron ore and ideally positioned to take advantage
        of
        ongoing consolidation.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">We
        have
        great respect for the accomplishments of the&#160;Corus Board and management,
        including their achievements in the Restoring Success programme. With their
        support, we believe we can swiftly deliver the most attractive proposal
        to&#160;Corus and its shareholders.&#8221;</font></div>
      <div>&#160;</div>
      <div><br>&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
          </div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: blue" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div><br>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">Otavio
        de
        Garcia Lazcano, Chief Financial Officer of CSN, added:</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">&#8220;</font>We
        are pleased
        with the strong backing we have received for our proposal from a group of
        leading international banks to add to our own balance sheet strength and
        cash
        generation capabilities. A major proportion of the new funding would be
        non-recourse to CSN.&#8221;</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">This
        announcement does not constitute an announcement of a firm intention of CSN
        and,
        as such, there can be no certainty that any offer will be made even if the
        pre-conditions are satisfied or waived.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">As
        a
        result of recent market purchases,&#160;CSN indirectly owns&#160;34,072,613
        Corus ordinary shares (representing approximately&#160;3.8 per cent. of the
        issued ordinary share capital of Corus)</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">A
        further
        announcement will be made in due course.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">Enquiries
        in Brazil should be directed to:</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div align="left">
        <table cellpadding="0" cellspacing="0" width="100%">

            <tr>
              <td align="left" valign="top" width="54%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">David
                  Salama<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;</font></div>
              </td>
              <td align="left" valign="top" width="17%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">+55
                  11 3049 7588</font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="54%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">CSN<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">&#8217;</font>s
                  Investor
                  Relations Manager</font></div>
              </td>
              <td align="left" valign="top" width="17%">&#160;</td>
            </tr>
            <tr>
              <td align="left" valign="top" width="54%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">david.salama@csn.com.br</font></div>
              </td>
              <td align="left" valign="top" width="17%">&#160;</td>
            </tr>

        </table>
      </div>
      <div>&#160;</div>
      <div>
        <table cellpadding="0" cellspacing="0" width="100%">

            <tr>
              <td align="left" valign="top" width="54%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">Jos<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">&#233;</font>
                  Marcos
                  Treiger</font></div>
              </td>
              <td align="left" valign="top" width="17%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">+55
                  11 3049 7511</font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="54%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">CSN<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">&#8217;</font>s
                  Investor
                  Relations Officer</font></div>
              </td>
              <td align="left" valign="top" width="17%">&#160;</td>
            </tr>
            <tr>
              <td align="left" valign="top" width="54%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">treiger@csn.com.br</font></div>
              </td>
              <td align="left" valign="top" width="17%">&#160;</td>
            </tr>

        </table>
      </div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">More
        information on CSN is available on its website:&#160;
<u>www.csn.com.br</u></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">Rio
          de Janeiro, November 17, 2006</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">CSN
<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">&#8211;</font>
          COMPANHIA
          SIDER<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">&#218;RGICA
          NACIONAL</font></div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">Benjamin
          Steinbruch</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">Investor
          Relations Executive Officer</div>
        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      </div><br>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
          </div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: blue" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div><br>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">UK
        Dealing Disclosure Requirements</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">Under
        the
        provisions of Rule 8.3 of the Takeover Code (the <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">&#8220;</font>Code<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">&#8221;</font>),
        if any person
        is, or becomes, &#8220;interested&#8221; (directly or indirectly) in 1% or more of any class
        of <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">&#8220;</font>relevant
        securities&#8221; of Corus, all &#8220;dealings&#8221; in any &#8220;relevant securities&#8221; of that
        company (including by means of an option in respect of, or a derivative
        referenced to, any such &#8220;relevant securities&#8221;) must be publicly disclosed by no
        later than 3.30 pm (London time) on the London business day following the
        date
        of the relevant transaction. This requirement will continue until the date
        on
        which the offer becomes, or is declared, unconditional as to acceptances,
        lapses
        or is otherwise withdrawn or on which the &#8220;offer period&#8221; otherwise ends. If two
        or more persons act together pursuant to an agreement or understanding, whether
        formal or informal, to acquire an &#8220;interest&#8221; in &#8220;relevant securities&#8221; of Corus,
        they will be deemed to be a single person for the purpose of Rule&#160;8.3.
</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">Under
        the
        provisions of Rule 8.1 of the Code, all &#8220;dealings&#8221; in &#8220;relevant securities&#8221;
of&#160;Corus by&#160;CSN or any of its &#8220;associates&#8221;, must be disclosed by no
        later than 12.00 noon (London time) on the London business day following
        the
        date of the relevant transaction.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">A
        disclosure table, giving details of the companies in whose &#8220;relevant securities&#8221;
&#8220;dealings&#8221; should be disclosed, and the number of such securities in issue, can
        be found on the Takeover Panel&#8217;s website (www.thetakeoverpanel.org.uk)
        ([http://www.thetakeoverpanel.org.uk]).</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">&#8220;Interests
        in securities&#8221; arise, in summary, when a person has long economic exposure,
        whether conditional or absolute, to changes in the price of securities. In
        particular, a person will be treated as having an &#8220;interest&#8221; by virtue of the
        ownership or control of securities, or by virtue of any option in respect
        of, or
        derivative referenced to, <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">&#8220;</font>relevant
        securities<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">&#8221;</font>.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">Terms
        in
        quotation marks are defined in the Code, which can also be found on the Panel&#8217;s
        website. If you are in any doubt as to whether or not you are required to
        disclose a &#8220;dealing&#8221; under Rule 8, you should consult the Panel. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div><br>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
          </div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: blue" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div>&#160;</div>
      <div>&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">United
        States Notice</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">This
        message is for informational purposes only and is not an offer to buy or
        the
        solicitation of an offer to sell any&#160;Corus shares or American Depositary
        Shares. There can be no assurance that any such offer or solicitation will
        be
        made. If any such offer or solicitation is made pursuant to an offer to purchase
        and related materials, such offer to purchase and related materials would
        be
        filed by&#160;CSN with the United States Securities and Exchange Commission
        (SEC). If any such offer or solicitation is made and such offer to purchase
        and
        related materials are filed with the SEC,&#160;Corus shareholders should read
        those materials carefully because they would contain important information,
        including the terms and conditions of any offer or solicitation.&#160;Corus
        shareholders would be able to obtain any such offer to purchase and related
        materials free at the SEC&#8217;s website at www.sec.gov or from
        CSN.</font></div>
    </div>
    <div align="center">&#160;</div>
    <div align="center">&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: blue" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div align="center"><font style="FONT-FAMILY: Times New Roman" color="#000000" size="3"><strong>SIGNATURE
</strong></font></div>
    <div>&#160;</div>
    <div>&#160;</div>
    <div style="TEXT-INDENT: 4%"><font style="FONT-FAMILY: Times New Roman" color="#000000" size="3">Pursuant
      to the <font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">requirements
      </font>of the Securities Exchange Act of 1934, the registrant has duly caused
      this report to be signed on its behalf by the undersigned, thereunto duly
      authorized. </font></div>
    <div style="TEXT-INDENT: 4%">&#160;</div>
    <div>
    </div>
    <div style="TEXT-INDENT: 4%"><font style="FONT-FAMILY: Times New Roman" color="#000000" size="3">Date:
      November 21, 2006</font></div>
    <div>
    </div>
    <div>&#160;</div>
    <div align="center">
      <table border="0" cellpadding="0" cellspacing="0" width="45%">

          <tr>
            <td colspan="3" valign="top" width="48%">
              <div align="left"><font style="FONT-FAMILY: Times New Roman" color="#000000" size="3">COMPANHIA
                SIDER&#218;RGICA NACIONAL </font></div>
            </td>
          </tr>
          <tr>
            <td height="16" width="5%">
            </td>
          </tr>
          <tr>
            <td valign="top" width="5%" style="border-bottom: #ffffff solid;">
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">By:</font></div>
            </td>
            <td valign="bottom" width="43%" style="border-bottom: black thin solid;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">/<small>S</small>/&#160;Benjamin
                Steinbruch</font></div>
            </td>
          </tr>
          <tr>
            <td width="5%"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">&#160;</font></td>
            <td valign="bottom" width="43%">
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>Benjamin
                Steinbruch </strong></font></div>
              <div align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>Chief
                Executive Officer and <br>Acting Chief Financial Officer
                <br></strong></font></div>
            </td>
          </tr>

      </table>
    </div>
    <div>&#160;</div>
    <div>&#160;</div>
    <div>
    </div>
    <div>&#160;</div>
    <div align="center"><font style="FONT-FAMILY: Times New Roman" color="#000000" size="3"><strong>FORWARD-LOOKING
      STATEMENTS </strong></font></div>
    <div align="center">&#160;</div>
    <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">This
      document may contain forward-looking statements. These statements are statements
      that are not historical facts, and are based on management's current view and
      estimates of future economic circumstances, industry conditions, company
      performance and financial results. The words "anticipates", "believes",
      "estimates", "expects", "plans" and similar expressions, as they relate to
      the
      company, are intended to identify forward-looking statements. Statements
      regarding the declaration or payment of dividends, the implementation of
      principal operating and financing strategies and capital expenditure plans,
      the
      direction of future operations and the factors or trends affecting financial
      condition, liquidity or results of operations are examples of forward-looking
      statements. Such statements reflect the current views of management and are
      subject to a number of risks and uncertainties. There is no guarantee that
      the
      expected events, trends or results will actually occur. The statements are
      based
      on many assumptions and factors, including general economic and market
      conditions, industry conditions, and operating factors. Any changes in such
      assumptions or factors could cause actual results to differ materially from
      current expectations. </font></div>
    <div>
    </div>
  </body>
</html>


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
