At Lloyds TSB Bank plc, the basis of each customer relationship, many of which span generations, is trust. You have chosen to do business with Lloyds TSB, and we are obligated to honor that relationship with great care, beginning with the information you have chosen to share with us. We believe that your privacy should not be compromised. At the same time, we want to offer you the array of financial products and services you need to accomplish your financial goals. We believe we can do both through the privacy policy outlined below.

We collect, retain, and use information about you only where we reasonably believe that it will help administer our business or provide products, services, and other opportunities to you. We collect and retain information about you only for specific business purposes - and we will tell you why we are collecting and retaining it upon your request.

This information is collected from the following sources:

· Information we receive directly from you
· Information about your transactions with us, our affiliates, or others

We use information to protect and administer your records, accounts, and funds; to comply with certain laws and regulations; to help us design or improve our products and services; and to understand your financial needs so that we can provide you with quality products and superior service.

Lloyds TSB has established procedures to ensure that your financial information is accurate, current and complete, in keeping with reasonable commercial standards. We also pledge to respond to requests to correct inaccurate information in a timely manner.

Each Lloyds TSB employee is required to sign a Non-Disclosure Statement with respect to client and account information and to follow our "Code of Ethical Business Conduct," which states that all customer information is considered private and privileged. Such information is to be used solely for the purpose of providing you with the finest service available.

Lloyds TSB is committed to the security of your financial and personal information. All of our operational and data processing systems are in a secure environment that protects your account information from being accessed by third parties. We maintain and grant access to customer information within the Lloyds TSB Group only in accordance with our internal security standards. We do not disclose nonpublic personal information about our customers or former customers to anyone, except as permitted by law.

Lloyds TSB recognizes and respects the privacy expectations of our customers. We want our customers to understand our commitment to privacy in our use of customer information. As a result of our commitment, we have developed these Privacy Principles which are made readily available to our customers. Customers who have questions about these Privacy Principles or have a question about the privacy of their customer information should call their account executive.