Throughout this report, the terms "Swapco" and
"the Company" refer to Salomon Swapco Inc.
"Salomon" refers to Salomon Inc, Swapco's
ultimate parent, or to any of its affiliates other than
Swapco. "SBHC" refers to Salomon Brothers
Holding Company Inc, Swapco's immediate parent.
"Salomon Brothers Inc" refers to Salomon Brothers
Inc, the U.S. broker-dealer affiliate of Swapco.
Copyright Salomon Swapco Inc
All Rights Reserved.
Salomon Swapco Inc
To Our Clients
October 21, 1996
Swapco has its own page on the Web! Look for
it at http://www.salomon.com/Swapco. The
page currently includes an "Introduction to
Swapco" which provides a brief description of
our structure and its credit enhancement
features, all of our 1996 Interim Reports
(including the one you are reading now), and a
current Swapco contact list. We expect to add
more features to this public web page in the
We also expect to make available, in the near
future, an Internet facility which will allow our
customers to access weekly data, including mid-