This should do it.
<?php
$latest = get_posts('numberposts=5');
foreach( $latest as $post ) {
setup_postdata( $post );
$url = get_permalink( $post->ID );
$title = apply_filters( 'the_title', get_the_title() );
$excerpt = apply_filters( 'the_excerpt', get_the_excerpt() );
print "\n\t" . '<h2><a href="' . $url . '">' . $title . '</a></h2>';
print "\n\t" . $excerpt;
}
?>