PULLMAN GROUP IN THE GRAPEVINE

ASSET-BACKED ALERT
July 19, 1999

Pullman Group last month hired four analysts to help pursue work in all aspects of the boutique's specialty area: securitizing cashflows from music royalties and other intellectual property rights.  Investment banker David Pullman, who founded the firm last summer, plans by yearend to hire two more professionals to help structure asset-backed transactions.  The four new recruits, hired fresh out of grad school, are: Adam Herzog, Joshua Sherman, Martin Torres and Jennifer Tosti.  Pullman Group now employs 12.