Asia Opportunity Fund L.P. Summary Of Project Information (SPI)       Project Name    Asia Region - Asia Opportunity Co-Investment Fund, L.P (AOCF)      RegionAsia   Sector   Project No009520   Projected Board DateMarch 4, 1999   Company NameAsia Opportunity Co-Investment Fund, L.P.   Technical Partner and/or Major Shareholders    	Chase Capital Partners    Project Cost Including proposed IFC investment    	US$750 MM    Location of project and Description of site    The Fund will invest in Asian countries, primarily Korea, Thailand, Indonesia, Malaysia, and the Philippines.   Chase Capital Partners will have a core team based in Hong Kong.  In addition, the fund manager may either establish additional offices in some of  the focus countries as its investment program develops, or enter into arrangements with institutions in these markets to obtain local expertise.    Description of Company and Purpose of Project    The Asia Opportunity Co-Investment Fund, set up as US$750 MM restructuring fund, will play a leading role in recapitalizing and restructuring Asian companies affected by the Asian crisis.   The Fund is expected to have a life of 10 years.  The Fund will invest in the equity and quasi-equity securities of both listed and unlisted companies.   It will follow an active investment style, taking either majority stakes or influential minority stakes.  In the initial period, the Fund is expected to be involved primarily in restructuring relatively good companies with a weak financial condition, or in acquiring businesses spun-off  by conglomerates. The Fund is expected to have a significant demonstration effect both in terms of  attracting other similar vehicles to Asia as well as bringing international restructuring techniques into Asia.    IFC proposes to make the following investments:    (i) US$100 MM in the Fund (Project No. 9520);(ii) An amount not exceeding US$200,000 to obtain  a 10% equity stake in the fund management company, Chase Asia Equity Partners, L.P. (CAEP) (Project No. 9521);(iii) a US$100 MM Asian Debt Facility (ADF) that would provide debt finance to selected portfolio companies of  the Fund, to be made on the basis of delegated authority to IFC management (Project No. 9431); and,(iv) an Asian Co-investment Equity Facility (ACEF) of US$50 MM, to invest in the equity/quasi-equity of selected portfolio companies of the Fund on a co-investment basis, to be made on the basis of delegated authority to IFC management (Project No. 9522).     Environmental Category and Issues    This is an FI Tier 2 project.  The Fund Manager will be required to undertake an environmental review of each subproject.    The  is  from the InfoShop.       Date SPI sent to InfoShop     February 2, 1999      This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporations Board of Directors.  It is provided for the purpose of enhancing the transparency of IFCs activities and should not be construed as presuming the outcome of IFC Board consideration.    For Additional Information contact:  Corporate Relations Unit -   telephone: (202) 473-7711   facsimile: (202) 974-4384