MIRAFLORES RECEIVES SPECIAL AWARDS

Mr. Ole Sigurdsson
Miraflores Vacation Club
Ctra. Cádiz km 199
29649 Mijas Costa
Málaga, Spain

Dear Ole

I am delighted to inform you that Miraflores Vacation Club has received the coveted Interval International Five Star award for 2001.

Interval´s board of Directors created the Five Star Award to recognize that elite group of resorts offering owners and guests the highest level of quality. The award criteria encompass all aspects of the resort vacation experience: appearance of the physical facilities, services provided to owners and guests, on-site amenities, and desirability of the destination area surrounding the resort.

I am also delighted to inform you that you have also earned the 2001 Interval International Superior Service Award.
Resorts that receive the Superior Service Award have demonstrated the highest commitment to servicing their owners and guests, as reported by the owners and guests themselves. Those who stayed with you during 2000 received evaluation forms covering all aspects of their stay, from which we compile the resort´s Customer Satisfaction Index (CSI). Your resort´s high CSI scores in hospitality and guest services have earned it this Superior Service Award.

Please display your Awards proudly where all who pass through your doors can appreciate the extent of your achievement.

Sincerely

Craig M. Nash
Chairman & Chief Executive Officer Interval International

	BACK TO PAGE ONE		PAGE SIX