Wendy Anderson

WENDY ANDERSON is an Executive Director and Equity Analyst covering
Continental European and Emerging Energy markets. She is based in
London, having moved to the firm in May 1996 to take up this role.
Prior to joining Lehman Brothers, Ms Anderson has been covering the
European Oil Sector since 1988 from both New York with Capital Resources
(1988-1990) and from London, where she was Director with both NatWest
Securities (1990-1994) and CS First Boston (1994-1996). Ms Anderson
holds a B.A (First Class Honours) in Economics from Edinburgh
University. She has been ranked between 1-3 in the European Oil Analyst
Category over the last 5 years in the key surveys from Institutional
Investor, Greenwich and Extel. Stocks under coverage include BP Amoco,
Royal Dutch Shell, Eni, Elf, Total, Repsol, Norsk Hydro, OMV, Petrofina,
Enterprise, Lasmo. She also covered the Russian Oils and Eastern
European Companies at previous firms.