NEWS FOR ALL OF YOU!!!!

'Dear all,

We are very pleased to announce that GS, YM and AM of the INSEAD Singapore team, won the L'Oreal eStrat Challenge 2004 edition in Paris. Starting from Rank 5, they caught up with all the teams with their final presentation and came ex-aequo with the Kellogg team. G, Y and A are all from the Class of July 2004. Please join us in congratulating them on a job well done! Congratulations team YAG!

Their interviews with CNN, France2 and Business Week, as well as pictures of the final will be available soon on the following web-sites:
www.loreal.com
www.e-strat.loreal.com'