1. Nissan Motor Company, Ltd. for Student Managed Investment Portfolio by Michael Gossner

2. Outline of Presentation Company Snapshot Company Outlook News and Events Industry Comparison and Outlook Financial and Risk Evaluation Recommendation

3. Company Snapshot Stock: Nissan Motor Co., Ltd. (ADR) Ticker: NSANY Industry: Auto Makers 52 Week Range: $12.76 - $16.70 Price as of 03/06/03: $13.96

4. Company Snapshot Designs, produces and sells more than 2.5 million passenger cars and commercial vehicles in more than 190 countries. In April of 2000 the company implemented the “Nissan Revival Plan.” Upon attainment of the goals, the Company embarked upon NISSAN 180 Major production sites - Japan, United States, Mexico, the United Kingdom and Spain.

5. Company Snapshot S&P 500 Nissan

6. Company Outlook NISSAN 180

7. Company Outlook Renault - Nissan Alliance Nissan 32.5 Liter V-6 Engine Renault Vel Satis with Engine

8. News and Recent Events December 2002 - Domestic production, overseas production, domestic sales and exports all rose over 2001's levels. First time in 13 years these four indexes have simultaneously surpassed the previous year's results. January 2003 - Nissan's domestic production, overseas production, domestic sales and exports all rose over the same month last year, marking the first time in four months, since September 2002, that these four indexes have simultaneously registered year-on-year growth.

9. News and Recent Events January 2003 - Combined Renault and Nissan sales came to 5,139,505 units in 2002, up 2.9% over 2001. Nissan and Renault sold a total of 2,735,530 and 2,403,975 vehicles, respectively. The Renault-Nissan Alliance global market share came to 9.1% (4.2% for the Renault group and 4.9% for Nissan), ranking the Alliance among the world's five leading automakers.

10. News and Recent Events February 2003 - Announced that its patented pre- crash seatbelt technology will be made available to competitors through a licensing process.

11. News and Recent Events February 2003 - Announced the domestic launch of the all-new Teana, which has been developed around the concept of "a luxury sedan for sophisticated drivers."

12. News and Recent Events February 2003 - Announced the domestic launch of the fully redesigned Skyline Coupe. Models equipped with automatic and manual transmission were put on the market across the country.

13. News and Recent Events January 2003 - Nissan reveals all-new 2004 full-size truck and Triant concept at NAIAS

14. News and Recent Events January 2003 - Nissan Reveals All-New 2004 Maxima and Quest, Infiniti FX45 at NAIAS

15. Industry Outlook University of Michigan - Auto sales should top 16.6 million units this year [2002]; retreat only slightly to 16.5 million units in 2003 and reach 16.6 million units in 2004 once more. Sales should remain "fairly steady” IRN Inc. - Zero-percent financing automakers have offered over the past 12 months has lost its marketing punch. Ford an GM have acknowledged that sales have gone soft.

16. Industry Outlook "It's profitless prosperity that we've got going on here…" - Michael Robinet, CSM Worldwide The biggest issue facing automakers is what David Cole, Center for Automotive Research in Ann Arbor, Mich., calls the industry's "heinous competition."

17. Industry Comparison StockMkt Cap Sales Nissan Motor ADR33,065.049,396 Industry Average5,50712,081 Toyota Motor ADR88,421114,133 Honda Motor ADR35,37160,911 DaimlerChrysler AG29,376136,142 General Motors17,525184,057 Ford Motor14,203163,518

18. Industry Comparison

19. Financial Statements and Analysis

23. Financial Analysis Nissan Revival PlanNissan 180 Value Line Estimations

24. Financial Analysis Nissan 180 Update Operating Income (1st Half FY 2002) - 84.5% increase from 1st half FY 2001 Consolidated Operating Margin (1st Half FY 2002) - Industry Leading 10.6% Revenues (1st Half FY 2002) - 10.3% Increase Global Sales Volume (1st Half FY 2002) - 7.5% Increase Net Income (1st Half FY 2002) - 24.9% Increase

25. Financial Analysis Data Taken From Value Lin and Marketgude

26. Financial Analysis - Valuations

28. Financial Analysis - Valuation

29. Basic Stock Valuation - $21.35 Free Cash Flow Valuation - $20.21 Valuation By Comparables - $21.77 ValuePro.Net - $24.95 Average Intrinsic Value - $22.07

30. Risk Analysis 76% Of all U.S. Tickers Are More Risky Than Nissan RiskGrade: 118 Minimum:109 Maximum:195 Average:158

31. Recommendation Buy (To Be Continued..) Strong Performance Resulting from Nissan Revival Plan Strong Expected Performance from Nissan 180 Industry Outlook favors International Auto- Makers over Domestic Producers Undervalued Stock and Solid Financials