In 2006, as in preceding years, our Investor Relations team kept investors and financial analysts regularly informed about the bank’s progress. We answered investors‘ questions at roughly 230 one-on-one meetings and group discussions and attended 12 international broker conferences, some of them with representatives of top management.

In quarterly analyst meetings and telephone conferences, we reported on Deutsche Bank’s financial performance and progress against strategic objectives. We also successfully continued the intensive dialogue with debt investors which we initiated four years ago.

In October, our Group Executive Committee attended an Investor Day in London to present the details of Deutsche Bank’s current strategy to capital market participants. Josef Ackermann, Chairman of the Management Board and the Group Executive Committee, described the new phase of our strategic management agenda, the principal aim of which is to leverage our global platform for accelerated growth.

The demand for information from private investors is consistently strong, and we meet this requirement primarily through our shareholder hotline, which is available free of charge, and on the Internet. We also broadcast our Investor Relations presentations live on the World Wide Web, and offer an information service. We prepare our annual report and quarterly reports electronically in particularly user-friendly format by providing, among other things, diverse interactive evaluation and analysis applications.