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Exchange-Traded Fund

In the wide and varied family of the thousands and thousands of funds out there, the exchange-traded fund is one of the more consumer-friendly ones.

Unlike mutual funds, exchange-traded funds, or ETFs, behave more like stocks. You can buy into an ETF at any time, and sell it whenever you feel like it. And like a stock, an ETF's value can rise and fall--depending on what the ETF is invested in.What do ETFs invest in? Well, they're typically linked to an index like the Dow Jones Industrial Average or the S&P 500. So, if you had an ETF that trades the same companies that make up the Dow or the S&P, it will rise and fall in value pretty much the same amount as the Dow or S&P.

You can also buy ETFs that invest in other types of products, like bonds, currencies, gold or other commodities. The ETF market has grown considerably in the past few years, so there is no shortage of ETFs to invest in.

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Wednesday, August 27, 2008

TAM Surpasses Estimates of Expansion into the International Market

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Comtex

SAO PAULO, Brazil, Aug 27, 2008 (PR Newswire Europe via COMTEX) ----Company to initiate a total of five international flights

TAM (Bovespa: TAMM4 and NYSE: TAM) is announcing an international market growth plan that surpasses estimates announced to the market at the end of 2007.

(Logo: http://www.newscom.com/cgi-bin/prnh/20080221/SPTH002LOGO )

In South America, in addition to the direct flight between Brasilia and Buenos Aires already in operation, TAM will initiate a flight between Sao Paulo and Lima (Peru) before the end of the year. For long distance routes, we have already announced the start of flight service between Rio de Janeiro and Miami, departing from Belo Horizonte starting on September 19.

Before the end of the year, we will be initiating two flights that are now in the final phase of approval before ANAC. Daily flights between:

-- Rio de Janeiro and New York, and -- Sao Paulo and Orlando

To sustain our plan for international growth, we are adding two Boeing 767-300 aircraft to our fleet plan. With this we will finish 2008 with 125 aircraft, as indicated in the following table:

2008 2009 2010 2011 2012 B777 4 4 4 4 8 B767 4 4 4 4 4 Airbus
   wide-body 16 18 20 22 22 Airbus narrow-body 101 104 110 113 115 Total Fleet 125 130 138 143 143

In this way, we will be surpassing the estimates previously announced to the market, maintaining our strategy of selective growth in the international market and serving the main destinations sought by Brazilians. This growth is a response to the opportunity currently available to Brazilian companies that fly to international destinations.

About TAM:

TAM (www.tam.com.br) has been the domestic market leader since July of 2003, and closed July 2008 with 51.1% of market share. The company flies to 42 destinations in Brazil. Through business agreements signed with regional companies, it reaches 79 different destinations in Brazil. TAM's market share among Brazilian companies that operate international flights stood at 72.5% in July. Operations abroad include TAM flights to 16 destinations in the United States, Europe and South America: New York and Miami (USA), Paris (France), London (England), Milan (Italy), Frankfurt (Germany), Madrid (Spain), Buenos Aires and Bariloche (Argentina), Santa Cruz de la Sierra (Bolivia), Santiago (Chile), Asuncion and Ciudad del Este (Paraguay), Montevideo (Uruguay), and Caracas (Venezuela). It has code-share agreements that make possible the sharing of seats on flights with international airlines, enabling passengers to travel to 64 other destinations in the U.S., Europe and South America.

Web site: http://www.tam.com.br

Libano
   Miranda Barroso, TAM Investor Relations, +55-11-5582-9715, fax, +55-11-5582-8149, invest@tam.com.br ; Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20080221/SPTH002LOGO,
   AP Archive: http://photoarchive.ap.org, PRN Photo Desk, photodesk@prnewswire.com

Copyright (C) 2008 PR Newswire
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