MONDAY, DECEMBER 11, 2000

NEW YORK--The Federal Reserve Bank of New York Monday approved the notice filed by Dresdner Bank Aktiengesellschaft, Frankfurt, Germany, to acquire Wasserstein Perella Group, Inc, New York, New York, and to engage in underwriting and dealing in, to a limited extent, all types of debt and equity securities. The Reserve Bank acted under authority delegated by the Board of Governors of the Federal Reserve System.