	  ****************************************************
			   OPTDRV32 - OPTDRVR 32 Bit
			   FIS LTD
			   Evaluation Version 7.0
			   Release Date - Apr 1997
	  *****************************************************

This package contains OPTDRV32 Excel Addin (Version 7.0) by FIS Ltd.

Please refer to README.TXT for a description of the package along with
instructions for its installation.

This evaluation version includes all features of the program.
You may use it for up to 30 days, without charge. If you continue to
use it after this evaluation period, you are required to register the
software (see ORDER.TXT for details).

Any fee you may have paid to others (disk vendors, dealers, etc.) to
obtain this evaluation version was a fee for their copying and
distribution services, rather than a payment for continued use of the
program.

______________________________________________________________________


Details
*******

   Product:             OPTDRV32 Excel Addin

   Version:             7.0

   Version Date:        Apr-1997

   Product Type:        Software

   Distribution Policy  (see License, below, for details):
			Shareware, subject to distribution
 			restrictions

   Product Description: provides the user with pricing models to
 			evaluate options which are American or
			European, Calls or Puts and with or without
 			dividend details.
			The addin allows the user to obtain option
 			fair values, deltas, gammas, vegas, thetas,
 			rhos and implied volatilities.

			This version has three models:-
				Black and Scholes
				Black & Scholes adjusted
				Binomial model.

   Category:            Financial;Option Pricing Models;Risk
 			Management;Software;Excel Addin
 
   Keywords:            Excel;Addin;Option;Stock;Market;Trading;
			Binomial;Black;Scholes;Model;Risk;
			Software;Greeks,Invest;Business;Shareware;

   Req'd Software:      MS Excel 7 or later

   Orders:              See ORDER.TXT

   XL5 Addins:		Futures Calculator (FUTCALC)
			Option Models (OPTDRVR)
			Tech.Anlys Models (TECHANLY)

   XL7 Addins:		Future's Calculator (FUTCAL32)
			Option Models (OPTDRV32)
			Technical Analysis Models (TANLY32)

______________________________________________________________________


Warranty
********


TRIAL USE (EVALUATION VERSION) WARRANTY
---------------------------------------

The Evaluation Version (trial use) version of OPTDRV32 is provided
"AS IS".

FIS Ltd. makes no warranties of any kind, expressed or implied, that
this program is error free or that any supplied data or other program
information is accurate or complete. No representation or warranties
are made as to the completeness, accuracy, or precision of this
program.

ALL WARRANTIES (INCLUDING ANY WARRANTY OF MERCHANTABILITY OR FITNESS
FOR ANY PARTICULAR PURPOSE) ARE EXPRESSLY EXCLUDED. THIS SOFTWARE AND
ALL PROGRAM FILES ARE PROVIDED "AS IS" AND THE USER MUST ASSUME THE
ENTIRE RISK OF USING THIS PROGRAM.


REGISTERED VERSION ONLY WARRANTY
--------------------------------

FIS Ltd. warrants the physical diskette(s) provided with registered
versions to be free of defects in materials and workmanship for a
period of ninety days from the date of registration.

If FIS Ltd. receives notification within the warranty period of
defects in materials or workmanship, and such notification is
determined by FIS Ltd to be correct, FIS Ltd will replace the
defective diskette(s).

ALL WARRANTIES (INCLUDING ANY WARRANTY OF MERCHANTABILITY OR FITNESS
FOR ANY PARTICULAR PURPOSE) ARE EXPRESSLY EXCLUDED. THIS SOFTWARE AND
ALL PROGRAM FILES ARE PROVIDED "AS IS" AND THE USER MUST ASSUME THE
ENTIRE RISK OF USING THIS PROGRAM.

The entire and exclusive liability and remedy for breach of this
Limited Warranty shall be limited to the replacement of defective
diskette(s) and shall not include or extend to any claim for or right
to recover any other damages, including but not limited to, loss of
profits or other trading losses incurred as a result of any decision
or action taken on your part based upon information provided, implied,
or suggested by this product, loss of data, or use of the software,
or special, incidental, or consequential damages or other similar
claims, even if FIS Ltd. has been specifically advised of the
possibility of such damages. In no event will liability for any
damages to you or any other person ever exceed the lower of the
suggested list price or actual price paid for the license to use the
software, regardless of any form of the claim.


License for Use and Distribution
********************************

TRIAL USE LICENSE
-----------------

OPTDRV32 is NOT a public domain program.
It is Copyright (C) 1994-1997 by FIS Ltd.  All Rights Reserved.

This software and any accompanying documentation are protected by
United States Copyright law and also by International Treaty
provisions. Any use of this software in violation of Copyright law or
the terms of this limited license will be prosecuted to the best of
our ability. The conditions under which you may copy this software and
documentation are clearly outlined below under "Distribution
Restrictions".

FIS Ltd. hereby grants you a limited license to use software for
evaluation purposes for a period not to exceed thirty (30) days. If
you intend to continue using this software after this thirty day
evaluation period, you MUST register as a licensed user and forward
payment to FIS Ltd.

Using this software after the thirty (30) day evaluation period,
without registering the software, is a violation of the terms of this
limited license.

All rights not expressly granted here are reserved to FIS Ltd.


Limited Distribution License
----------------------------

As the copyright holder for OPTDRV32, FIS Ltd. authorizes that the
following may distribute the evaluation version of OPTDRV32,
completely unaltered, without further permission;

   o  Individual users (for non-commercial use).
   o  BBS sysops.
   o  ASP vendors in good standing.

For all other cases or to distribute in modified form, you must
satisfy all of the distribution requirements expressed by the
following:

   o  The OPTDRV32 package is defined as containing all the material
      listed in README.TXT.If any of the files listed in README.TXT
      are missing, then the package is not complete and distribution
      is forbidden. Please contact us to obtain a complete package
      suitable for distribution.

   o  All of the original files identified in the README.TXT must be
      included unchanged in any distribution of OPTDRV32.

   o  No price or other compensation may be charged for the OPTDRV32
      package. A distribution fee can be agreed with FIS Ltd.

   o  Permission to distribute the OPTDRV32 package is not
      transferable, assignable, saleable, or franchisable. Each vendor
      wishing to distribute the package must independently satisfy the
      terms of this limited distribution license.

   o  the disk-based documentation may not be distributed in PRINTED
      (hardcopy) form.

   o  You may not list any of our products in advertisement
      catalogs, or other literature which describes our products as
      "FREE SOFTWARE". Shareware is "Try-Before-You-Buy" software, it
      is not free. Therefore, your literature must clearly state that
      our products are for user evaluation only, and are not free
      software.

   o  Licensee shall not use, copy, rent, lease, sell, modify,
      decompile, disassemble, otherwise reverse engineer, or transfer
      the licensed program except as provided in this agreement. Any
      such unauthorized use shall result in immediate and automatic
      termination of this license.

   o  FIS Ltd. reserves the right to limit or stop the offering and
      sale of OPTDRV32 at any time, for any reason.

U.S. Government Information: Use, duplication, or disclosure by the
U.S. Government of the computer software and documentation in this
package shall be subject to the restricted rights applicable to
commercial computer software as set forth in subdivision (b)(3)(ii) of
the Rights in Technical Data and Computer Software clause at
252.227-7013 (DFARS 52.227-7013).

The Contractor/manufacturer is:-

	FIS Ltd.
	28 Drakes Drive
	Northwood, Middx. HA6 2SL
	UK

FIS Ltd. may revoke any permissions granted here, by notifying you in
writing.

All rights not expressly granted here are reserved to FIS Ltd.
