A、I million. B、1/4 million. C、1/2 million. D、2 million. C对话中女士说赔偿金只有预期的一半，男士说可得到的有1/4million，可知预期的赔偿金有1/2million。故正确答案为C项。

M：It’s a beautiful watch．The style is so fashionable that I guess it must come from abroad．Where did you get it?
W：It came in the mail this morning, as a birthday present from my parents. They bought it from Korea.
Q：What does the woman say a bout the watch?

W：The charity appeal raised only half of what it was expected．I didn’t expect the amount is so low．
M：One quarter of a million is respectable，however．I had hoped we could get all of it back．
Q：How much money did they expect to raise?