According to the Final Judgment entered into Court on January 24, 2000, the first amended complaint is dismissed as to all defendants.

The complaint charges that Defendants violated Section 14(a) of the Securities and Exchange Act of 1934 (the "1934 Act") by making misstatements of material fact in a Pan Am Corp. proxy statement dated Sept. 5, 1997 (the "Proxy"). The Proxy was employed in connection with a shareholder vote held at the Sept. 26, 1997 Pan Am shareholders' meeting to approve a merger between Carnival Air and a wholly owned subsidiary of Pan Am (the "Merger").