Advisory for October 13, 2006

UCLA Anderson Forecast Presents:
Orange County Economic Outlook for 2007

WHAT:  UCLA Anderson Forecast Economists will present their fourth annual economic outlook for the Nation, State and Orange County.  Sales of new and existing homes have plummeted, and price appreciation is starting to tip negative in many markets. How deep will the housing adjustment be, how long will it last, and how much damage will be done to the U.S. economy? Without the U.S. consumer acting as a locomotive, what can power the economy forward? Should Orange County care?

WHO:  The Economic Forecast for the Nation, State and Orange County

Edward Leamer, director, UCLA Anderson Forecast.
Ryan Ratcliff, economist, UCLA Anderson Forecast.
Jay Bryson, Global Economist, Wachovia Corporation.
Mark Schniepp, director, California Economic Forecast.
John Burns, president, John Burns Real Estate Consulting, Inc.
Pete Jones, executive vice president, Western Banking Group Executive, Wachovia.
Jon Lansner, columnist, Orange County Register (moderator).

WHEN:  7:00 to 10:30 a.m., Friday, October 13, 2006
7:00 – 8:00 a.m.: Registration and breakfast
8:00 – 10:30 a.m.: Conference

WHERE: Hyatt Regency Irvine.
17900 Jamboree Road
Irvine, CA  92614
(949) 975-1234

WEBSITE:  www.uclaforecast.com.

CONTACT:  Hilary Rehder, Office of Media Relations, (310) 486-5650 or
hilary.rehder@anderson.ucla.edu.

SPONSORS:

Host Sponsor - Wachovia Corporation
Corporate Sponsors - The Irvine Company, Coldwell Banker
Conference Sponsors - California Credit Union League, Cox Castle Nicholson, NAIOP.

Media Relations