| Winning Transactions: |
| Most Innovative Deal: | Gucci / PPR (vs. LVMH) |
| | Takeover defence |
| | Advisor to Gucci: Morgan Stanley |
| M&A (Agreed Merger): | APA (Alcan / Pechiney / Alusuisse) |
| | Three-sided merger |
| | Advisors: Morgan Stanley, Credit Suisse First Boston, Goldman Sachs, Rothschild & Cie |
| Demerger: | GEC / British Aerospace |
| | £7.7BN |
| | Advisers to GEC: Morgan Stanley, Warburg Dillon Read |
| | Advisers to BAe: Dresdner Kleinwort Benson, Goldman Sachs |
| High Yield Bond: | United Pan-Europe Communications |
| | $1.5BN bond, $1BN bond |
| | Bookrunners: Donaldson Lufkin & Jenrette, Goldman Sachs ($1.5BN deal) |
| | Morgan Stanley ($1BN deal) |
| Buyout: | Punch Taverns |
| | £2.75BN takeover of Allied Domecq's retail business |
| | Adviser: Merrill Lynch |
| | Financing (£1.5BN): Morgan Stanley |
| Bond by an American Issuer: | Ford Motor Credit |
| | $8.6BN debt offering, with $5BN increase |
| | Joint Bookrunners: Bear Stearns, Merrill Lynch, Salomon Smith Barney (offering) |
| | Morgan Stanley, Banc of America Securities (increase) |
| Emerging Market Equity: | Korea Telecom |
| | $2.49BN American depositary shares |
| | Bookrunners: Morgan Stanley, Daewoo Securities, LG Securities |
| Highly Commended: |
| M&A (Takeover): | Elf / Totalfina |
| | $52BN merger |
| | Advisers to Totalfina: Credit Suisse First Boston, Merrill Lynch, Paribas |
| | Advisers to Elf: Morgan Stanley, Goldman Sachs, BNP, Lazard Frères |
| M&A (Agreed Merger): | Pan Asia Paper (Abitibi Consolidated / Hansol / Norske Skog) |
| | Tripartite joint venture |
| | Advisers: Morgan Stanley, Deutsche Bank, Warburg Dillon Read |
| Buyout: | Avecia (Investcorp / Cinven) |
| | £1.3BN purchase of Zeneca Specialities |
| | Adviser: Chase Manhattan |
| | Financing: Morgan Stanley, Chase, JP Morgan |
| Yankee / 144A Bond: | Codelco |
| | $300MM 10-year issue |
| | Lead Manager: Morgan Stanley |
| Emerging Markets Bond: | KCRC |
| | $1BN bond |
| | Bookrunners: Morgan Stanley, HSBC |
| | Alestra |
| | $570MM senior reserve notes |
| | Bookrunners: Morgan Stanley, Banc of America Securities |
| High-Yield Bond: | Luxfer Holdings |
| | £160MM bond |
| | Bookrunner: Morgan Stanley |
| Simultaneous Offering: | Hoechst / Clariant |
| | Euro1BN secondary offering, Euro928MM exchangeable |
| | Bookrunners: Morgan Stanley, Dresdner Kleinwort Benson |
| Hi-Tech Issuer: | Amazon.Com |
| | $1.25BN convertible bond |
| | Lead Manager: Morgan Stanley |
| | Cybernet Internet Services International |
| | $150MM high-yield bond |
| | Lead Managers: Morgan Stanley, Lehman Brothers |
