CORRECTED - UPDATE 1-BMW hedged more than two-thirds of '04 FX exposure

Newswire

In FRANKFURT item headlined "BMW says hedged less than two-thirds of FX exposure" please read headline "BMW says hedged more than two-thirds of FX exposure". Also read in first paragraph ... hedged more than ... instead of .... hedged less than .... Please also read ... but said it believed ... instead of ... as it believes (corrects, after clarification from company, to show hedging exceeds two-thirds of exposure). A corrected version follows. (Adds background) FRANKFURT, March 18 ...

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