Dear Friends,

the Financial and Actuarial Mathematics Group wishes everyone a prosperous New Year.

In 2006 the FAM-group plans 2 workshops and numerous talks within the new Christian Doppler Laboratory:

"Half-Day Workshop on Credit Risk and Risk Transfer" Wednesday, January 25, 2006, 2pm to 6pm http://www.fam.tuwien.ac.at/events/wwtf2006/

"Final Workshop of the Research Training Network Evolution Equations for Deterministicand Stochastic Systems" June 5 to June 8, 2006 http://www.fam.tuwien.ac.at/events/rtn-workshop/

7 talks of young researchers in January 2006: http://www.fam.tuwien.ac.at/events/

Christian Doppler Laboratory "Portfolio Risk Management (PRisMa)" http://prisma.fam.tuwien.ac.at/

For events in 2005 our webpages are updated:

"Workshop on Portfolio Risk Management (PRisMa 2005)" http://www.fam.tuwien.ac.at/prisma2005/ Now you can find more information to the talks, e.g. presentation slides, related publications, ...

FAM goes public: "Von A wie Aktie bis S wie Sterbewahrscheinlichkeit" http://www.fam.tuwien.ac.at/public/ This pages are in German language: You can find simulations, games, and a lot of interesting information and explanations which were presented on 8 posters at the "Lange Nacht der Forschung" in October 2005.

To make all this activities possible, we sincerly thank our sponsors (CDG, WWTF, FWF, ÖNB, EU, BA-CA), all persons collaborating with us, as well as our dedicated colleagues within the research group FAM.

Walter Schachermayer Uwe Schmock Head of Department Head of Research Group