EQUITIES as a percentage of any Portfolio

FRANKFURT (AFX) - Shares are seen opening lower with travel-related stocks
such as Lufthansa and TUI coming under pressure after tsunamis devastated
Southeast Asia, with many tourist resorts affected.
At 8.07 am, Lang & Schwarz brokerage was indicating the DAX 30 index would
open around 4,245 compared with Thursday's close at 4,251.62.

FORTHCOMING EVENTS

TOMORROW
-Phoenix EGM
-Hamburger Sparkasse FY results annual news conference

TODAY'S PRESS
-German Dec jobless 4.43 mln, average FY 4.38 mln - report (Die Welt)
-Continental AG CEO sees sales significantly more than 13 bln eur in 2005 -
interview (Die Welt)
-Deutsche Bahn plans 24 pct cut of personnel in marketing division (Die
Welt)
-Leipzig Airport, Deutsche Bahn plan joint venture on cargo transport
(Financial Times Deutschland)
marilyn.gerlach@afxnews.com
mog/cmr