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## NOTES TO THE CONSOLIDATED INCOME STATEMENTS 

Amounts in EUR millions 

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The weighted average interest rates on short-term borrowings at December 31, 2003, and 2002 were 1.72% and 1.94% respectively. 

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Other changes in 2003 include the book gain from the sale of the real estate tax services and flood hazard certification businesses. 

## COMMITMENTS AND CONTINGENCIES 

In the ordinary course of business, Transamerica Finance Corporation grants various credit related commitments to meet the financing needs of its customers. Such commitments include purchase obligations and partnership investment commitments, revolving lines of credit and financial guarantees, including guarantees of letters of credit and standby letters of credit. Commitments under such arrangements totaled EUR 1,547 million at December 31, 2003. Transamerica Finance Corporation also is party to various other financial guarantees that could require payment of certain obligations in the event of demand by third parties. These guarantees amounted to EUR 20 million at December 31, 2003. 

