c bsfsocialresponsibilityreport

C R E D I T S U I S S E F I R S T B O S T O N F O U N D A T I O N

9our coremission47 Grant Making

8 Employee Volunteer Program

9 Habitat for Humanity

155our givingphilosophy

3letter fromJohn J. Mack

25 swimming for charityManhattan and Channel Swim

americas13 Robin Hood Foundation

15 Henry StreetSettlement

16 Everybody Wins!

17 Publicolor

18 New York City FIRST

19 Good ShepherdServices

20 Madison SquarePark Conservancy

21 SMART

22 Manhattan Comprehensive Nightand Day High School

23 Gordon A. RichMemorial Foundation

24 Swiss PeaksFresh Air Fund Project

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con

ten

ts

42

developingfuture leaders41 A Better Chance

42 Prep for Prep

The Albert G. Oliver Program

43 The Hetrick-MartinInstitute

Leadership at Home

europe29 Charity of the Year

30 Tower HamletsEducation BusinessPartnership

31 East LondonBusiness Alliance

Isle of Dogs Community Foundation

32 SS Robin Trust

SMart Network Art Workshop

33 Kilimanjaro Challenge

asia pacific35 Asia-Pacific Schools Initiative

36 CSFB and Oxfam

38 Poinsettia Primary School, Hong Kong

39 Hariprasad Childcare Centre,Singapore

Group Home for Abused & Neglected Children, Seoul

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35

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Dear Colleagues and Friends,

I am pleased to introduce the Credit Suisse First

Boston Foundation Social Responsibility Report,

which outlines the combined philanthropic efforts

of the CSFB Foundation and the employees of the

Firm. The collective elements of foundation giving,

community activism and volunteer activities reflect

the best of CSFB–and the desire we all share to

make a positive contribution to the communities

in which we live and work.At CSFB, we are trying to build a culture that encourages teamwork, and we

are taking a long-term approach toward achieving our goals. The same principles

apply to our philanthropic endeavors. We work in teams, not only by volunteering

alongside our colleagues but also by partnering with local organizations that are

trying to build better communities. And we are taking the long view by investing

resources in projects focused on education and children–the results of which, we

hope, will have a positive impact for many years to come.

The mission of the CSFB Foundation is to form active partnerships with

organizations that promote education and benefit disadvantaged youth, as well as

contribute to targeted community health, human service and cultural organizations.

This report provides an overview of those initiatives, our various grant-making

activities and our volunteer programs–as well as what we as a Firm have been

able to accomplish by leveraging our relationships with our community, our

clients and each other.

I would like to thank everyone who has been supportive of the Foundation’s

efforts by committing their time, making contributions, and revealing a sense of

collective responsibility and inspiration that serves the diverse, global community

in which we operate. I believe that these endeavors reflect some of our finest work.

John J. MackChief Executive Officer

Credit Suisse First Boston

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The mission of the Credit Suisse

First Boston Foundation is

to form partnerships with

organizations that promote

education and benefit at-risk

youth, principally in parts of the United

States where the Firm does business.

In addition, the Foundation supports

various community, health and human

service organizations in which teams of

CSFB employees are active.

CSFB’s European Charities Committee and Asia Pacific Philanthropic

Committee are also dedicated to missions that stress the development

and well-being of young people and other community residents.

In the United States and Europe, we partner with a variety of

community-based and after-school programs devoted to mentoring,

neighborhood building and other activities. In the Asia-Pacific

region, we have focused primarily on building, renovating and

equipping educational facilities.

Wherever our people become

engaged in such programs–whether

in the Americas, Europe or Asia –

they serve the needs of their local

communities.

missioncoreour

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The CSFB Foundation has developed a clear

and coherent strategy to fulfill its core

mission of benefiting at-risk youth and their families. Specifically,

we believe in supporting programs and organizations that have:

● passionate and capable leaders whocan deliver on the goals stated in theirgrant applications

● genuine, identifiable needs for specificgrants so that our contributions can makea real difference

● the ability to provide meaningful oppor-tunities for CSFB volunteers to participatein their programs and/or operations

● the potential to attract increased levelsof support from other funding sources inthe future

● stable finances

For CSFB, working together across the entire Firmto help clients achieve their goals is the key to businesssuccess. We’re trying to bring that same focus and collaboration to the work we do in our communities.” Thomas R. Nides, CSFB Chief Administrative Officer and CSFB Foundation Trustee

“

philosophygiving

our

New Policy Directions In 2003, our Board of Trustees significantly increased the CSFB Foundation’s emphasis on severalbroad mandates.

Aligning volunteer activities and grant-making programs:We now direct our grants whenever possible to recipients that can usethe talents and hands-on involvement of our employees in various ways.This policy ensures that our funds are utilized in the most effective manner–and that our partnership with the grantee will enrich CSFB’sculture and working environment to the greatest possible extent.

Establishing stronger partnerships with fewer organizations: While still determined to reach out to as manydeserving organizations as possible, we now focus increasingly on makingmore substantial grants that can make a significant difference in thecommunities we support.

Enhancing global initiatives: As CSFB’s activities have becomeincreasingly global in scope, so have the Foundation’s. Under the auspicesof The European Charities Committee and the Asia Pacific PhilanthropicCommittee, we have stepped up our efforts to create global communitypartnerships with organizations such as Habitat for Humanity, which hasprograms in many parts of the world, and to engage employees in all ourgeographic locations. Since more than half of our employees now workoutside the United States, we are rapidly developing new philanthropicand volunteer programs that touch the lives of people from East Londonto Tanzania and Switzerland to Singapore.

Governance CSFB Foundation trustees are responsible for grant-making decisions and programs in the United States. The EuropeanCharities Committee is responsible for all grants and programs administeredin Europe, and the Asia Pacific Philanthropic Committee manages andoversees grants and other charitable activities in the Asia-Pacific region.

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New friendships develop and relationships become strongerwhen groups of employees get outin the community to work toward a common goal.” G.T. Sweeney, CSFB Managing Director,

Information Technology and CSFB Foundation Chairman

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2003 Contributions

by Region

Americas$3,495,400

Europe$836,024

Asia Pacific

$393,685

Total :$4,725,109

education53%

humanservices

24%

sports &recreation 1%

youthdevelopment

17%

health 2%

arts 3%

2003 Contributions by Category

Grant Making The CSFB Foundation provides substantialassistance to a wide range of grant recipients every year. These grants go primarily tosupporting programs and organizations that share our vision of benefiting at-risk youththrough education and other means, such as health care, recreation, affordable housingand community activities. In 2003, we made 130 cash grants across the United States,ranging in size from $3,000 to $600,000. Most of these were related to education.

Because philanthropic funds are limited, we seek to make every donated dollar count,wherever it is spent. To this end, we have adopted grant-making guidelines that favoroutstanding organizations whose missions are consistent with our own–and that arecapable of successfully accomplishing the ambitious, tangible goals expressed to usduring the application process. Where appropriate, we believe in supporting programsand organizations over a period of years. However, we are also very careful to ensurethat we are providing opportunities to as wide a range of potential recipients as we can.

In addition, we take into account the volunteer interests of our employees, whose participation in Foundation-related activities is an integral part of our overall mission. Tohelp CSFB employees and encourage them to give their time, we maintain a mini-grantprogram designed to provide smaller amounts of funding to causes that they champion,often in their own home communities.

While grant-making is a centrally controlled, analytical process overseen by theFoundation’s Board of Trustees, it is also about inclusion and reaching out. We continually look to address the needs of grant recipients and applicants, by keeping ourdemands on them simple and streamlined. Moreover, we make a major effort– throughnetworking, attending seminars and conferences and engaging in research– to keepabreast of developments in relevant communities in the United States and overseas thataffect us and our partner organizations.

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If every business in New York City wereto follow CSFB’s lead, we would have no morepoverty in New York.” David Saltzman, Executive Director, Robin Hood Foundation“

Employee Volunteer ProgramA defining feature of the CSFB Foundation, the Employee Volunteer Program is astrategic resource for communities and a valuable asset for the divisions of CSFB. One of the Foundation’s main goals is to involve CSFB employees in volunteerefforts–both to benefit the young people and others whom they can help and to fosterthe development of a positive, energetic community-oriented culture within the Firm.The Employee Volunteer Program, which is directed mainly by employee interests,offers dozens of opportunities for volunteer involvement each year and has alreadyenrolled a significant portion of the Firm’s global workforce in mentoring, tutoring andother important activities.

In 2003, thousands of CSFB employees, family membersand friends touched the lives of countless disadvantagedyouths, senior citizens and their families by contributingthousands of volunteer hours to programs in their local communities. They befriended and gave academic assistance to students, painted school facilities, visited elderly citizens at home or in community centers, providedwinter coats and food to the needy, and served on non-profitboards–to name just a few of their activities.

Our Foundation continually explores ways to build enthusiasmat CSFB and to make volunteering enjoyable for employees.We offer ongoing and one-time opportunities, individual andteam-based projects, and ways of getting involved at manydifferent levels of commitment. In addition, when employeescome to the Foundation with an interest or a set of goals,we try our best to find the right situation for them–and,when appropriate, to help them build volunteer teams withinCSFB in support of a particular cause.

By being sensitive to employees’ interests, we make it possible for them to give their time and make the volunteerprogram an integral part of their lives.

It seems the whole CSFBworld is now doing little thingshere and there to help out in the community. Lots of littlethings soon make a big thing...”Clive Broadbent, CSFB Director of Infrastructure Service Delivery, London

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New York: Brooklyn and the Bronx Like all its affiliates, Habitatfor Humanity-NYC uses the sweat equity of volunteer groups and their family partnersto build simple, decent houses for first-time homeowners on terms low-income familiescan afford. The families, selected by Habitat’s rigorous interview process, volunteer 250hours of their own labor in place of a financial down payment. In return, they can buynew homes in their own neighborhoods at cost, with long-term, interest-free mortgages–giving their children a safe place to grow up and strengthening their communities inthe process. The mortgage payments go into a special fund that is used to build morehouses for other families in need.

Corporate partners such as the CSFB Foundation make substantial grants to defray theconstruction costs of adopting an entire home–and then supply volunteers on acontinuing basis until the home is complete.

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We’re so pleased about the tremendous contribution CSFB has made to Habitat–by recruiting volunteersand organizing them, supplying Board and LeadershipCouncil members, and providing an example of how to give back to the community.” Roland Lewis, Executive Director, Habitat for Humanity-NYC

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Habitat for Humanity CSFB’s work with

Habitat for Humanity in both New York and London is a prime

example of successful collaboration between our employee

volunteers and a vibrant community organization. Founded in

the United States, Habitat for Humanity has built more than

100,000 houses worldwide with a unique combination of skilled

and unskilled labor, donated materials, and funding from

companies such as CSFB, which is a major supporter.

Over the last year, more than 400 CSFB employees from different desks within theEquities department spent their Saturdays armed with hammers, saws and nails. Manyreturned several times to work side by side with the Swaby family, whom they got toknow quite well. Grace Koo, CSFB managing director, Equity Options and foundationtrustee, initiated the project and started the ball rolling by getting other managingdirectors to sign up. One early volunteer was Brady Dougan, co-president of CSFB,who described how “differences among members of the Firm evaporate” when employeesfrom all levels do hands-on work together. “At one point,” he explained, “it started topour down rain on a big pile of plywood sheets, and without anybody ordering peoplearound, the whole group made a big line to pass the wood and stack it in a dry place. Itwas all done very efficiently in about five minutes.” Both Brady and Grace say that thisspontaneous team spirit carried over into the office thereafter.

The popularity of the Equities project inspired the Fixed Income division to adopt its ownHabitat house within a 13-building unit in Mott Haven, the Bronx. CSFB broke groundon this three-bedroom, single-family house in August – under the watchful eye of DougPaul, CSFB vice chairman of Fixed Income and foundation trustee, who has sincejoined the Habitat for Humanity-NYC board. CSFB volunteers will continue to donatenot only sweat equity but also technical expertise and in-kind contributions to Habitatprojects: One IT team has already rewired a group of Habitat homes for Internetaccess. Says Doug, “The more employees at the Firm who get involved, the better.I like to think that CSFB and Habitat will be working closely together for many years tocome–and that we might be building houses in many locations around the world.”

London: Southwark and Tower Hamlets The London boroughof Southwark is one of the poorest in England. A higher percentage of its populationlives in social housing than in any other borough–and more than 97% of Southwarkhouseholds cannot afford a commercial mortgage.

The housing that Southwark Habitat for Humanity (SHFH) provides is thus desperatelyneeded by individual families and by the entire local community. Beginning in 1998,CSFB volunteers helped SHFH build its first houses in the area for four low-incomefamilies–16 people in all– that were in need of decent living spaces. All the houses hadthree or more bedrooms and a garden. Since then, SHFH has built new homes for 11 more families, with CSFB employees putting in their fair share of the hard work. In2003, more than 25 CSFB teams volunteered, and many staff members came out towork several times. “Habitat,” said one, “is habit-forming.”

Now CSFB is helping Habitat move into London’s East End. A financial contributorsince early 2002, The European Charities Committee made a major donation in 2003to the Hopemaker Appeal that will help to launch the new project in Tower Hamlets, the borough where the Firm’s London offices are located.

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A Brooklyn Tale Early one Saturdaymorning in September, a group of CSFBEquities department employees headed forthe Bedford-Stuyvesant section of Brooklynfor the dedication of the house they hadhelped Merna Swaby and her family buildthrough a CSFB Foundation grant to Habitatfor Humanity-NYC. Shortly before the housewas ready, Merna Swaby came to the CSFBFoundation to talk about her new home. Shesaid: “I have two children, aged 15 and nine,and I’m currently taking care of my niecewho’s 11, and they just can’t wait! We’re nowin a very small apartment…“Credit Suisse is great because they vol-

unteered and brought lunch, they’re veryfriendly, they tell jokes…they’re the favoriteof all the 20 other family partners who willhave new Habitat houses on WilloughbyStreet in Brooklyn. I put in 250 hours ofwork on the house myself…more, becauseevery time Credit Suisse was there, I wantedto go out and work.“I was looking for a home for many years,

and I got frustrated. Then someone told meabout Habitat; I’ve been on their list since1999. Now the kids and I drive past the newhouse almost every day…my mom is aroundthe corner, my sister is down the block. It’slike a happy neighborhood. I’m very gratefulfor what you all have done, and I hopesomeone else can be as happy as I am.”

Our work with Habitat in Southwark has been so

successful for us that we now include teambuilding

days in some of our recruiting and training programs.

We look forward to welcoming Habitat to our own

London neighborhood in 2004.” Jon Grussing, CSFB Managing Director

of Investment Banking

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am

ericas

CSFB has made a verysignificant investment in our

work over time, but just asimportant, they have been

thought-partners, visionaries,leaders who are willing to rollup their sleeves and do hard,

hard work. They are the gold–no, the platinum–standard.”

David Saltzman, Executive Director, Robin Hood Foundation

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CSFB is an extraordinary and valuable partner for

Robin Hood. Together, we’ve been able to do more

to save lives and change fates than Robin Hood

could do on its own. David Saltzman, Executive Director, Robin Hood Foundation

Students enjoying their new schoollibrary, one of 14 built so far as partof the partnership between CSFB,

Robin Hood and The New York CityDepartment of Education.

“Robin Hood Foundation One of the best-known charities in New York City,The Robin Hood Foundation delivers as much grant money every year to benefit local citizens as the nation’s largest foundations. Since 1988, Robin Hood has targeted povertyin New York City by applying sound investment principles to philanthropy. Its approach issimple: 100% of every donation it receives goes directly to help poor New Yorkers–while the organization’s own board of directors underwrites all its fundraising andadministrative expenses. Robin Hood’s philosophy is equally simple: to attack the numer-ous and often overlapping root causes of poverty through preventive programs that focuson early childhood, education, youth and job training. Robin Hood also funds basic survivalprograms targeting healthcare, hunger, housing and domestic violence. Its strategy is togive financial, management and technical support to other solid organizations devoted tothese same goals.

Because its focus on young people of all ages parallels our own, Robin Hood is a naturalpartner for the CSFB Foundation. Five years ago, Robin Hood approached us for supportof its new Library Initiative to renovate or create libraries in New York City elementaryschools. With the passionate support of our executive director, Casey Karel, theFoundation decided to give Robin Hood two major two-year grants to help fund Phases Iand II of the Library Initiative. Robin Hood remains our “leadership” grantee organization,and the relationship between us continues to broaden.

David Saltzman, Robin Hood’s executive director, insists that, while our grants haveplayed a key role in the ongoing success of this core Robin Hood program, CSFB’scontribution goes far beyond the dollars. In his words, “There are four things thatexemplify CSFB’s special brand of partnership with us:

“First, funding our Library Initiative to create libraries in New York City public schools.CSFB has been the chief leader of this initiative, contributing US $2.4 million that hasmade this program possible.”

Robin Hood believes that a child who can’t read is almost guaranteed a life of poverty.The Library Initiative, begun in 1999, is a comprehensive, groundbreaking partnershipbetween Robin Hood and the New York City Department of Education, with support fromthe mayor, corporate donors and volunteer architects. Its basic goal is to improve literacyand achievement in the public schools by turning elementary schools–particularly low-performing schools in high-poverty neighborhoods– into vibrant centers of teaching andlearning.

With CSFB’s assistance, 14 magnificent new libraries have now been built, designed bysome of New York’s leading architects and equipped with the latest technology, extensivecollections of books, specially designed furniture, and flexible space appropriate for manydifferent uses. Librarians have been chosen and are being trained to receive their mastersdegrees in library science. The program also includes many other elements, such as helpingprincipals to develop strategies for using the libraries to maximum advantage. Third-party

data for 2002-2003 showed that the percentage of students in Library Initiative schoolswho were performing at or above grade level rose–while the percentage of such studentsat other schools fell.

In 2002, the initiative entered its second phase: 21 more libraries throughout the fiveboroughs have now been designed and construction on 14 of them is well underway.

In the spring of 2003, the new library CSFB helped to build at P.S. 149 in Harlem wasdedicated to the late Gordon A. Rich, a CSFB employee who loved reading and careddeeply about children (see page 23).

“Second, spearheading our 2003 benefit. John Mack co-chaired a benefit that raisednearly US $17 million in one evening, breaking all records for a single night of fundraisingin New York City.” Robin Hood’s annual benefit is one of the dazzling charity events ofeach season, but the May 2003 event surpassed all expectations.

“Third, providing volunteers to help us with a specific project. In late spring, a busload ofCSFB employees went to P.S. 19 in Corona, Queens–where CSFB funding had helpedus build a new library–and spent the day working with the kids there. P.S. 19 is one ofthe largest public elementary schools in New York; the kids represent many nationalitiesand ethnic groups and speak 40 different languages, and many of them are poor.”

CSFB volunteers helped 70 youngsters build the set and props for their production ofWillie Wonka and the Chocolate Factory and also read with the kids in the library, introducing literacy games inspired by Roald Dahl’s classic, Charlie and the ChocolateFactory. “They made a tremendous impression,” concluded Saltzman. “The students,teachers and principal all felt that the day was an extraordinary gift.”

“And finally, lending us space for whatever we need–to train librarians, speak to donors,have meetings.” In the spring of 2003, for instance, Robin Hood held several seminarsfor school principals at CSFB headquarters, as well as a series of teacher-training programs on integrating library use with the elementary school curriculum.

“In short, CSFB is the ideal partner: They say, ‘tell us what you need’–and then theymake it happen.”

When transforming libraries in public schools was still just an idea, CSFB was the

first major financial sponsor to take the lead in making this dream a reality. Other big

financial firms have since followed, and kids throughout the city are better off today

thanks to CSFB’s trail-blazing philanthropy.” Paul Tudor Jones II, Tudor Group Chairman and Founder, Robin Hood Foundation

John Mack co-chairs theRobin Hood benefit, whichraised nearly US $17 millionin a single evening.

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Henry Street Settlement has a tradition of service dating back morethan 100 years as the oldest settlement house in the United States. Founded by LillianWall, a 19th-century nurse, Henry Street originally operated out of a single home andprovided health-related services to Jewish immigrants living on the Lower East Side ofNew York City. Today the Settlement’s programs are in place in all five boroughs ofNew York. They have a strong multicultural focus and include a broad range of servicesconsistent with the organization’s core mission of mitigating the effects of urban povertyon individuals and families.

Henry Street’s comprehensive, groundbreaking programs have influenced the developmentof social service models nationwide and reach some 100,000 individuals each year. Theorganization’s service umbrella includes three day-care centers, a battered women’sshelter, three transitional residences for homeless families and single women, home-care services, a health clinic, an arts center, a seniors program, and education andleadership development programs for young people.

Since the CSFB Foundation focuses on youth development, we have chosen to devotesignificant resources to funding the operations of Henry Street’s Youth Services Divisionover a number of years. This division’s programs emphasize the importance of academicexcellence, exploring career goals, building social skills and leadership qualities, andemotional well-being. Over the past year, Foundation funding made it possible for HenryStreet to assist 200 students with the process of entering college, to provide after-school educational activities to 350 youngsters, and to give 300 young people a chanceto experience further learning at their day and sleep-away camps.

The Foundation also offers volunteer opportunities at the Settlement to CSFB employees.Doug Paul, CSFB vice chairman of Fixed Income and CSFB Foundation trustee, hasbeen a Henry Street board member for five years and has served on the Foundation’sboard for a decade and a half. He spends a lot of time at the Settlement’s various sites,meeting with the staff there and helping to organize volunteer efforts. Doug describeshow, “recently, a group of us from CSFB rehabilitated a small park adjacent to one ofHenry Street’s family shelters. We replanted the grass and flowers, painted the fences,painted a mural, and rebuilt a gazebo there. All the kids from the shelter worked withus, which made the whole experience really great.”

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CSFB employees help to rehabilitate a small parkadjacent to one of Henry Street's family shelters.

Everybody Wins! In CSFB’s Boston office, a dozen men and women routinelydisappear from the Institutional Equity desk at lunch time on the same day every first orsecond week. Their destination is the Hurley School in Boston’s South End, whereeach CSFB colleague spends an hour reading with a first grader through the auspicesof the Power Lunch Program sponsored by Boston Partners in Education.

“So many of the children at this school had very little one-on-one interaction with adults,”explains CSFB reading partner Martina O’Sullivan. “Their teachers were overwhelmedwith large classes, and many of their parents worked long hours. Working there was avery rewarding volunteer experience for us, and we plan to continue next year.”

Power Lunch is a literacy and mentoring program of Everybody Wins!, which was startedby a New York City couple in 1991 and now provides reading partners for 6,800 elementary schoolchildren across the country. It has locally managed affiliates in 17different states and the District of Columbia. For CSFB, Everybody Wins! is particularlyattractive because it offers employees all over the country a chance to work directlywith children in their communities.

In Chicago, Power Lunch had nearly two dozen CSFB volunteers during the 2002-2003school year reading to third graders at Sojourner Truth School. The program in theChicago public schools is sponsored by Working in the Schools.

In New York, where CSFB executives have close ties to its local board, EverybodyWins! comes to the Firm’s offices each year to tell employees about the group’s role inthe city, across the country, and within national educational policy. During the 2002-2003 school year, 138 CSFB staffers spent an hour per week with children in twoManhattan schools, making CSFB the company with the largest Power Lunch volunteercontingent in all of New York City. In addition, managing director Bayo Ogunlesi, CSFB head of Investment Banking, co-chaired the New York chapter’s first fundraising gala.

So many of the children at this school had very little one-on-one interaction with adults. Working with them was avery rewarding experience...” Martina O’Sullivan, CSFB Sales Assistant

CSFB volunteers read to students as part of the Power LunchProgram sponsored by Boston Partners in Education – one of manyEverybody Wins! programs across the country.

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“

Publicolor In 1994, alarmed by the rising high schooldropout rate in many communities, Ruth Shuman approached theprincipal of East Harlem’s J.H.S. 99 and successfully proposedrepainting the school’s interior in order to help engage disaffectedstudents. Applying her master’s degree in industrial design, shethen set about using the power of color to energize, inspire andenhance young people’s lives.

Since its inception, Publicolor’s mission has been to catalyzechange in New York’s inner-city schools and neighborhood facilitiesthrough original programs such as Paint Club and COLOR Club, which teach at-riskstudents the marketable skill of commercial painting. It has also recently introducedafter-school training and career education initiatives such as Color Me Smart, CSFB’ssignature program, to help students develop leadership skills.

Publicolor targets under-served communities in Brooklyn, the South Bronx, Harlem, theLower East Side and Washington Heights. Close to 90% of its participants come fromfamilies receiving public assistance, and many are first-generation Americans. Over the past decade, Publicolor has transformed the environments of 47 schools and40 community sites throughout the New York metropolitan area, directly engagingapproximately 4,400 students and affecting 55,000 people overall.

In recognition of its work with community volunteers, Publicolor has won The President’sService Award, one of the nation’s highest honors. Its partnership with the CSFBFoundation has been very rewarding– in large part because Publicolor is highly organizedand efficient in its operations and in putting CSFB volunteers to the best possible use.In 2003, 68 CSFB employees, summer associates and interns logged nearly 1,000 volunteer hours at the organization.

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Joining students fromPublicolor’s Paint Club,

CSFB employees help torevitalize the interiors ofNew York City schools.

What’s best about this is that people do it with a realspirit of giving, not obligation.” Phil Vasan, CSFB Head of Equity Derivatives and Convertibles“

New York City FIRST In 2003, the CSFB Foundationonce again joined with Firm volunteers to help New York City studentsbuild robots. The vehicle for their support was the New York City chapterof FIRST (Foundation for the Inspiration and Recognition of Science andTechnology)–a New Hampshire-based, national charitable organizationthat holds 23 regional competitions for more than 800 student teamsfrom the US, Brazil, Canada, Great Britain and Puerto Rico. FIRSTsponsors well-known annual competitions that partner middle and highschool students with professional engineers from companies such asCSFB. The students design and build original radio-controlled robots that they must then put through specific maneuvers on the day ofthe competition, a sort of giant, city wide science fair. The goal is toengage at-risk youth in the creative process of building technology–andto build their self-confidence, knowledge and life skills as well, so theywill have a stake in the nation’s overall technological enterprise.

The 2003 New York City FIRST competition marked the debut of an all-female team, from St. Pius V High School in the South Bronx– thefirst such group ever to participate in New York. The team’s enrollmentresulted from a deliberate effort to reach out and inspire young womento explore science, math and engineering careers.

CSFB volunteers were exhilarated by the fact that the winning high schoolalliance included a team sponsored by the Firm. Students from McKeeVocational Technical High School in Staten Island shared in the prestigiousChairman’s Award, the Engineering Inspiration Award and the TournamentWinner Award–and received scholarship offers from Polytechnic University,the home of New York City FIRST. For 2004, the Foundation has doubledits funding, which will go to support seven high schools taking part in the2004 competition and provide basic support for the New York City FIRSTorganization itself.

Volunteers Get ConnectedMarcio Noguchi and Amit Kaul, CSFB’stwo lead FIRST volunteers for 2003, werenot quite sure what to expect. “After adecade with CSFB in Japan, where itreally isn't part of the culture to go outand volunteer,” says Marcio, a Brazilian,“it was exciting to get involved here andencourage teenagers who might not ordinarily be interested in science.” Amit,a recent Columbia graduate, admitted tobeing a bit hesitant at the start and wasdetermined to stick to the purely scientificpart of the endeavor. “But as time wenton,” he says, “I was much more at easeand began to have a lot of fun.” Askedwhether they plan to volunteer again,both Marcio and Amit responded with animmediate “Of course!”

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A gang is a team, if you wantto put it that way, so instead ofturning to a gang, I could turnto a robotics team…”José Abreu, Student Member of the A.E Smith Warriors,Alfred E. Smith High School, Bronx, New York

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Good Shepherd Services The CSFB Foundation’s decade-long partnershipwith Good Shepherd Services, a venerable and highly respected social service andyouth development agency in New York City, is a fine example of how CSFB employeesat all levels can become involved with a charitable organization–working one-on-onewith young people, contributing as a group by department or division, and providingassistance and leadership from the boardroom and the back office.

In 2003, the New York offices of Credit Suisse Asset Management and Private ClientServices collaborated with Good Shepherd on a project to help improve the foster home where 22 girls live. More than 40 CSFB employees traded in their Palm Pilots forpaint brushes and headed to the St. Helena’s Residence in Manhattan to give the GoodShepherd home a fresh, new glow. The team members made connections with the residents and staff of St. Helena’s and had a terrific time doing something meaningfultogether outside the office.

Recently, Good Shepherd board member and CSFBFoundation trustee Bob O’Brien helped Good Shepherd raise$20 million to build the now-thriving South Brooklyn CommunityHigh School. The small and intimate alternative public schoolprovides counseling and education for 125 South Brooklynstudents who were formerly frequent truants or had dropped outof school completely. After one year in existence, its graduationrate already exceeds that of other schools in the area.

Another major success story is the CSFB IT Initiative, through which a volunteer teamfrom our Information Technology department worked many long hours to bring computeraccess to several Good Shepherd residences. The volunteers offered technicalguidance in setting up computer labs as well as personal training for the residents.Young teens and staff at the homes now use the new computer labs to learn Internet,word processing and spreadsheet skills and pursue educational and job-preparation goals.

Beyond these large-scale group projects are many smaller but equally significant ones.For example, individual CSFB employees mentor dozens of young women at GoodShepherd foster-care residences, helping them with everything from their studies toself-esteem building and career planning. Bob O’Brien can personally attest to theimportance of CSFB’s signature program, Reach for the Stars with HR, and similarmentoring efforts: “The kids I worked with as a guidance counselor in the late 1960sdidn’t have the same needs as the ones I see today down on 18th Street. We used tofind one reason why someone could use assistance–now you find five.”

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Through Good ShepherdServices, CSFB volunteerswork one-on-one with NewYork City youth, providingleadership and hands-on

assistance with life issues.

These kids really need a lot of help, and

we’re here to give it.”Bob O’Brien

CSFB Chief Credit Officer

and Foundation Trustee

“

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Madison Square Park Conservancy HistoricMadison Square Park is just across the street from CSFB’s global head-quarters, and many of our employees have been deeply involved both inits recent refurbishing and in mobilizing other area businesses to provideongoing support for the Madison Square Park Conservancy. One of the Conservancy’s primary missions is to bring entertaining, unique and intelligent children’s programs to the park. So each summer, the Conservancy hosts 24 Tuesday- and Thursday-morning shows foryoung children.

The year 2003 marked the hugely successful inaugural season for MAD.SQ. KIDS, a summer program that offers a variety of performances suchas puppet shows, concerts and storytelling. Approximately 400 people,including many CSFB employees and their children, came from all overNew York City to attend each performance. Afterward, the Conservancyprovided arts and crafts activities in the park playground.

Annual grants from the CSFB Foundation make the planning and presentation of MAD.SQ. KIDS and other Conservancy children’s events possible. The Foundation also provides office space for the Conservancy and actively recruits volunteers to help theorganization fulfill its overall objective of maintaining and beautifying the park. For example,one year after the September 11 attacks, the Foundation organized a daffodil planting.“We had volunteers go out and locate areas around the park where we could plant,”notes Grace Koo, CSFB managing director of Equity Options and foundation trustee,one of two CSFB employees who serve on the Conservancy board. “The flowers cameup the following spring. It was beautiful… and a positive way for people to express their respect.”

The park is in great shape now after a lot of fundraising. First there was a

campaign to help rebuild it; then we created a Conservancy Board to take care of

it on an ongoing basis, since it gets no money from the city for its art, music or

children’s programs. We often schedule the kids’ programs so that our employees

can meet their families in the park after work.” Grace Koo, CSFB Managing Director, Equity Options

“

SMART For the second year in a row, CSFB recently treated a group of middleschool students from the SMART program to a full day of activities at the Firm’s San Francisco office. The agenda included presentations on investment banking and marketing/advertising, a visit to CSFB’s sales and trading floor, and time for each student to lunch with and shadow a CSFB “buddy” around the corporate offices. Theday ended with a festive ice-cream party with employees’ kids who had come for TakeYour Kids to Work Day.

SMART (Schools, Mentoring and Resource Team) has 70 students–academically promising children chosen from fifth-grade classes in San Francisco’s inner-city publicschools and placed in high-performing parochial or private schools. To ensure asuccessful transition for these students, most of whom are children of color joining predominantly Caucasian environments, SMART provides a concentrated three-year,year-’round program of academic and extracurricular activities, including tutors, mentors,family support and a structured After-School Program (ASP). All students have beenrequired either to attend SMART’s own, on-site ASP or after-school programs atcommunity centers or their own schools.

With the help of CSFB grants, SMART has been able to expand and fortify its on-siteASP so that it can now serve all the San Francisco SMART students at its new MissionDistrict location, thereby making the ASP a more integral part of SMART’s services.

In 1999, Bill Brady, global head of Corporate Finance in California, joined the SMARTBoard of Directors. Bill introduced SMART to Sally Palmer, CSFB’s chief developmentofficer in San Francisco, who quickly became involved in mobilizing the Firm on SMART’sbehalf. In addition, CSFB’s IT department donated 15 much-needed computers toSMART’s lab and flew several New York-based employees to San Francisco to helpinstall the computers, establish a working network, and provide the training necessary tosustain the new system.

21

The partnership is a tremendous success: SMART is awonderful program, and we are thrilled to be gettinginvolved with the San Francisco community in this way.” Sally Palmer, CSFB Chief Development Officer, Global Technology Group,and Member of the CSFB Foundation’s West Coast Committee

“

Working within CSFB over the last four years,I have found an increasing emphasis on making adifference in the community at large. In a job thatcan be very pressured, applying my skills to helpsolve problems for those less fortunate has beenextremely rewarding.” David Brooks, CSFB Vice President, Information Technology

“

Manhattan Comprehensive Night and DayHigh School For older students who have full-time jobs and oftenchildren to support as well, attending school while balancing adult respon-sibilities can seem daunting if not impossible. In 2002, CSFB learnedfrom the Robin Hood Foundation, a long-term partner, aboutComprehensive Development Inc. (CDI), a non-profit established byManhattan Comprehensive Night and Day High School. We decided tojoin Robin Hood in helping to support young people who face such challenges.

Manhattan Comprehensive is a special public school that gives studentsaged 17 to 22 a chance to complete their secondary education. Many arerecent immigrants, teen parents or ex-dropouts; two-thirds study Englishas a second language. Nearly all have been turned away illegally fromlocal high schools, which do not want older students. CDI and ManhattanComprehensive offer these remarkably determined young people everypossible kind of individual support– from tutoring, employment and personal counseling, to legal and medical services, and help with findinga home. The program also allows its students to attend school at hoursthat work for them: either from 10 am to 4 pm or 5 pm to 11 pm Sundaythrough Thursday. Thanks to this unique approach, 90% of the studentsgraduate, and 50% of the graduates go directly to college.

CSFB’s partnership with CDI has involved many of our employees, whohave tutored students for school exams, SATs and other standardizedtests; helped them through the complex college-application process; andheld informal discussion and counseling sessions to help graduates meetthe challenges of their first year at college. For example:

● Employees from CSFB’s Investment Banking division participated inspecial training sessions in order to sharpen their tutoring skills.

● Information Technology professionals advised the school’s administrators on improvingtheir technology equipment and skills and coordinated a holiday food and gift drive forlow-income students.

Recently, CSFB initiated a partnership with Microsoft and IBM to install more than US$100,000 worth of technology in the school.

Many employees have voiced their satisfaction at being able to befriend and work withamazing young adults to whom academic skills, English proficiency and collegeentrance can make the difference of a lifetime.

Far left: Caroline Kennedy visitsCSFB to kick off its partnershipwith Manhattan Comprehensive.Left: Tony Ma celebrating theChinese New Year with (right to left) his former English as aSecond Language teacher,Manhattan Comprehensivefounder and principal HowardFriedman, and a fellow student.

22

A Harlem Success StoryZhaolin (Tony) Ma moved to SpanishHarlem from Shanghai in June 2002 at theage of 18. He was a good student in Chinaand already proficient in English, but hewas considered too old to attend publicschool New York. Tony’s father, who cameto in New York in 1991 and worked as a manager of a Chinese restaurant inorder to bring Tony and his mother to the United States, heard about ManhattanComprehensive (MC) through a friend.Now a senior at the Day School, Tonyserves as vice president of the student body.Through MC, Tony has gained access to

resources that might not have been available to him in a regular public school;for example, the school helped him findpaying work as a summer aide at NYU’sHospital for Joint Diseases. He continuedto volunteer there during the school yearbecause, he says, “I wanted to give a little contribution to the community.” MC has also provided Tony with tutors to

improve his Regents Exam scores; he wastutored in US history by CSFB ManagingDirector Ronnie Hawkins, whom he creditswith the 92% score he received on histest. Tony hopes to attend NYU and to pursue a career in business or technology.

In its work with Manhattan Comprehensive, CSFB is setting a new standard for

school/company partnerships. From one-on-one tutoring to updating our computer

network, more than 200 CSFB staff members have helped in some way during our

first year together.” Gregory P. Cohen, Executive Director, Comprehensive Development Inc.

“

23

Gordon A. Rich (GAR) Memorial Foundation Alex Levin, agraduate of Stuyvesant Public High School in New York City, was selected as the firstrecipient of a Gordon A. Rich scholarship in June 2003. He matriculated at HarvardUniversity a few months later and is now enjoying his college experience.

The GAR scholarship benefits exceptionally qualified high school students in financialneed who have a parent or guardian working in the securities industry. Alex’s motherworks for Merrill Lynch as a computer programmer; his father is an engineer for the NewYork State Department of Transportation. The US $10,000 per year that Alex will receivefor four years will substantially reduce his student loan burden while enabling him toobtain one of the finest undergraduate educations available anywhere in the world.

The GAR Foundation and its scholarship were created in memory of Gordon A. Rich, aco-head of CSFB’s Mergers & Acquisitions group who died in an automobile accident in2000. Gordon had been about to retire in order to spend more time with his childrenwhen his life was tragically cut short. Because he was an individual of exceptional abilitieswith a special place in his heart for those facing particularly challenging obstacles in life,his friends at CSFB decided to create a meaningful educational award in his name fortalented, financially challenged young people. The CSFB Foundation is proud to supportGAR through a large, multi-year financial gift.

Gordon was a fascinating, extraordinary talent,who was brilliant at everything he did. But what hedid to help others was never advertised. The GARFoundation will benefit the children of workers inour own industry–the kind of kids Gordon wouldhave helped himself.” Brian Finn, CSFB Co-President

“Alex Levin received the first annual GAR Foundationscholarship, a stipend created for exceptionally giftedhigh school students in financial need.

Credit Suisse Group Donations As part of the Swiss business community, CreditSuisse Group and its business units take theirresponsibilities to the wider Swiss and interna-tional community seriously. This commitmentmanifests itself in efforts to take an active partin shaping the business environment by makingappropriate contributions to private organiza-tions with charitable, social, cultural and civicaims and to promote educational and academicactivities that are of particular interest to theCompany.Beside the CSFB Foundation and Winterthur’s

Loss Minimization Foundation, whose main concern is the prevention of traffic accidentsinvolving children, much work is done throughCredit Suisse Group’s Jubilee Foundation.The Jubilee Foundation was established in

1981 to mark the 125th anniversary of CreditSuisse. One focus of its activities is a series ofprojects that involve people with disabilitieswho live in Switzerland. In 2003, for example,the Foundation supported the Swiss MultipleSclerosis Society’s MS Center in Zurich, theArkadis Foundation’s Therapy Center forChildren and Young People in Olten, and theInternational Center for the Blind on LakeConstance at the border with Germany. Since2001, the Jubilee Foundation has also been themain partner of the annual Plusport Day, a joyousfestival for more than 1,500 sports enthusiastswith and without disabilities. The Foundation’s other main focus is promoting

young musical talent. It awards the CreditSuisse Group Young Artist Award to youngsoloists who have a record of extraordinaryachievement at the international level and thePrix Credit Suisse Jeunes Solistes to talentedyoung musicians from Switzerland.

24

Swiss Peaks FreshAir Fund Project InApril 2003, a group of 15 inner-city children between the ages of 12 and 15 from the Fresh Air Fund’s Career AwarenessProgram traveled to Switzerlandas part of the New York SwissPeaks Festival. Sponsored byCSFB, the youngsters were guests of Credit Suisse Group(CSG) for a full day and spent the week living with Swiss families,sightseeing around the country and learning about the history,culture and daily lives of their European peers. They also metwith Ambassador Raymond Loretan, consul general ofSwitzerland and chairman of Swiss Peaks, who led a Q&A session about the Swiss flag, the nation’s popular sports, andlocal culinary fare. Most of the young people had never beenout of New York City, much less the country, and their remarkssuggest that the whole experience was quite a revelation.

The Swiss Peaks project marked the first philanthropic collabo-ration between the CSFB Foundation and CSG, as well as thefirst time that the venerable Fresh Air Fund had sent childrenon a vacation outside North America. Like CSFB, CSG isextremely active in supporting community work and, particularly,in funding education, a category which represents nearly one-third of the company’s total annual giving. In 2003, CSG madedonations to more than 100 organizations championing social,cultural and other causes. The CSFB Foundation looks forwardto further successful collaborations with both the Fresh AirFund and CSG in the future.

These Swiss just walk so much! Myhost parents were 61 and 64, and theywalked everywhere. I couldn’t keep upwith them. I would have driven.” Juan Ortiz, 15

“

Manhattan Swim Following the enormous success of2002’s Channel Swim– in which a relay team of six CSFB employees from our Londonoffice swam the English Channel, raising more than £35,000 for the local CSFBCharity of the Year– the CSFB Foundation decided to sponsor a multinational team forthe 2003 Manhattan Island Marathon Swim. The international event, which attractsswimmers from all over the world, is known as one of the most challenging swimmingevents in existence.

At the urging of Team Captain Keith MacDonald – managing director of GlobalOperations, New York–CSFB’s six participants for this race came from our offices inLondon (veterans of the Channel Swim) and Singapore as well as New York. Theircommon goal was to raise funds for various charities that the CSFB Foundation and itsaffiliates sponsor in different parts of the world.

The swimmers faced daunting conditions, including 58°F waters, malfunctioning boatsand misplaced buoys. Due to heavy rains the preceding week, the annual marathonswim was called off as an official race the day before, and one-third of the registeredswimmers dropped out. But Team CSFB persevered, and on June 14, the six swimmerscompleted the 28.5-mile course around Manhattan in eight hours and 17 minutes.The heroic feat enabled the team to raise more than US $50,000 to benefit selectedcharities, including:

● The Manhattan Island Foundation, which supports New York City’s Learn to Swimprogram for inner-city youth as well as other activity programs

● Sargent Cancer Care for Children and MacMillan Cancer Relief in London,The European Charities Committee’s joint Charity of the Year

● Oxfam (Hong Kong) and the Courage Fund (Singapore), both charities that providesupport for families affected by SARS

25

Manhattan Island Marathon Swimteam members pose for photos.

Channel Swim Six weeks later, two CSFB teams fromLondon successfully swam the English Channel to France. Members of the CSFBSeahorses and Sea Lions took a minibus to Dover on the evening of September 2 andcaught a few hours of sleep before taking to the water around 3 am. Aided by near-perfect sea and weather conditions, both teams crossed the Channel to Cap Gris Nezin Normandy at a pace that surpassed the excellent 13-hour record set by the previousyear’s team. The wetsuit-free swimmers triumphed over jellyfish, seasickness andcramps from the extremely cold water –and managed to raise a significant sum forSargent Cancer Care for Children and MacMillan Cancer Relief, the London office’s2003 Charity of the Year.

The 2003 Channel Swim exceededexpectations in terms of fundraisingand teambuilding. It also enabled usto create the model and infrastructurefor a truly global program of charitableswim challenges in 2004.”Ian Piddock, CSFB Director of Operations and CSFB Channel Swim Champion

CSFB 2003 Channel Swimathletes and support personnel

during their epic crossing.

“

26

27

The full LondonChannel Swimsquad takestime out from itstraining regimento pose for agroup photo.

These swims providea great opportunity to

demonstrate our globalteamwork and focus

and to represent our-selves to the community

as ‘One CSFB.’ We are very proud of all

our swimmers.”G.T. Sweeney, CSFB Foundation Chairman

“

I think what fascinates peopleabout these swims is that this issomething they can never imaginea person could do–and we did it!”Virginia Corbett, CSFB Information Technology, New York

“Confident smiles from swimmers relaxing on

board during their record-breaking relay fromDover, England to Cap Gris Nez, France (right).

europ

eCSFB’s commitment to the

local East London communityis inspiring. This year they

have truly demonstrated anunderstanding of the needs ofthat community and are leading

by example in developingmore and more creative ways

to meet those needs.”Saskia Nelson, Project Manager, East London Business Alliance

“

We have a major ongoingeffort in London to build afranchise where our employeesare concerned with communityand personal growth as well asbusiness objectives.”Marie Burke, CSFB Vice President of Corporate Social Responsibility

CSFB’s European charitable activities are led by The European Charities Committee,which is headquartered in London and supports organizations whose primary goals areeducation, youth development, and assistance to the local community. The Committeeis extensively involved with programs that incorporate mentoring, neighborhood-buildingand recreation. Recently, it has been working closely with various employee networkswithin CSFB to expand community involvement throughout the Firm.

In 2003, the Committee made 57 grants to organizations whose missions range fromdomestic children’s issues to local social regeneration.

Charity of the Year A few years ago, European Charities CommitteeChairman Jonathan Davie hit on the idea of a Charity of the Year that would combineinitial financial support with a broader initiative that could then be turned over to the restof the London-based staff. The organization chosen would reflect employee interest, asexpressed in a staff survey, in focusing on domestic children’s charities or worthwhilecauses in the local community.

The first Charity of the Year effort was launched with great internal fanfare in November2001 for the benefit of Britain’s National Children’s Homes (NCH). The EuropeanCharities Committee made a substantial donation and invited all London employees tocontribute their last hour of pay for 2001 to the appeal. Senior executives started thecampaign by spending 10 minutes making mobile phone calls from a box in the staffrestaurant to raise money from friends, colleagues and clients. These efforts were followed by many other staff-organized social and athletic events throughout the followingyear– including the Channel Swim, a local health-club swimathon, the London Marathon,and a trek along the Great Wall of China–that raised more than £338,000 for NCH.NCH recognized CSFB’s contributions with its Individual Supporter Award for the year.

In 2002, CSFB was deluged with applications for the next Charity of the Year, and aformalized selection process evolved. From a short list of three names, all London staffmembers were asked to vote for their favorite charity. The result was a tie betweenMacMillan Cancer Relief and Sargent Cancer Care for Children, so the two organizationsagreed to become joint Charity of the Year. Once again, a flurry of fundraising eventsensued, along with even more ambitious plans for the 2004 Charity of the Year –Richard House Childrens’s Hospice, London’s first hospice for children, which is locatednear CSFB’s Canary Wharf headquarters.

29

Two CSFB London employees collect a “Challenge toCare” award recognizing CSFB’s successful corporate

partnership with National Children’s Home.

“

Tower Hamlets Education BusinessPartnership Few people realize that CSFB’sLondon offices in Canary Wharf, a thriving commercial andfinancial center, are located in an area where many residentslive in dire need. According to government statistics, TowerHamlets is the most deprived borough in England. Fully 66%of its pupils qualify for free school meals, compared to the national average of 18%;English is a second language for 62% of its primary school students.

By drawing attention to this state of affairs, the European Charities Committee haselicited an encouraging response to a proposal for further developing the Tower HamletsEducation Business Partnership (THEBP), a charity that works with businesses toimprove basic and work-related skills of pupils in this community. In addition, the programbenefits CSFB, other business partners and individual volunteers. As a direct resultof the Committee’s involvement in THEBP, CSFB is currently enjoying rewards thatinclude staff development opportunities and improved morale among colleaguesenthusiastic about taking part in community work.

For the second consecutive year, CSFB sought volunteers from among its5,000 London employees to build the THEBP franchise through mentoringlocal primary and secondary school students. By bringing practical experience of the world and the workplace to these children and acting asrole models for them, volunteers help the students build confidence andraise their aspirations.

Volunteers work with children from the ages of seven to 13 to help improvetheir reading, math and IT skills. The volunteer commitment involves a significant and consistent effort on the part of each employee, who spendshalf an hour every week with one particular child.

This past December, at THEBP’s ninth annual awards ceremony, CSFBreceived an award for exceptional support of the Primary Reading PartnersProgramme, working together with education, business and communitygroups to enhance and support the education, training and development ofyoung people in Tower Hamlets. Karen Barthelmy, reading coordinator fortwo years at St. Saviour’s Primary School in Tower Hamlets, accepted theaward on behalf of CSFB.

In the inaugural 2002-2003 school year, CSFB volunteers discovered therewarding experience of inspiring and encouraging children. At year-end,many of the students visited CSFB’s offices, where they took part in a Firmpresentation and a video conference and visited the IT call center.

30

Local schoolchildren on a tourof CSFB take a break for

snacks in the staff restaurant.

This will be our first year as individual mentors atLangdon Park School. We’re hoping this will be a usefulway to help groups of youngsters and make new friends!” Nicola Tamlyn, CSFB Information Technology and THEBP Mentor

Triathlon for Cancer CareOn Sunday, July 27, 2003, two LondonCSFB employees–Neil Jones from FinancialCont ro l and James Whale f romProduct Control–competed in the IronmanSwitzerland Triathlon in Zurich. The annualtriathlon requires participants to undertakea 3.8 km lake swim, a bicycle ride of 180km and a marathon distance run of 42.2 km.Dedicated to the memory of Richard

Gurney, a CSFB colleague who died of cancerin December 2001, the triathlon raisedmoney for the Sargent/MacMillan jointcampaign, CSFB’s 2003 Charity of the Year. Although they are independent institutions,

Sargent Cancer Care for Children andMacMillan Cancer Relief work together toprovide comprehensive emotional andpractical support for children and familiesliving with this disease. In the UnitedKingdom, where four out of 10 people willbe diagnosed with cancer at some pointduring their lives, these services areinvaluable.

“

East London Business Alliance The European CharitiesCommittee is a major supporter of the East London Business Alliance(ELBA). ELBA seeks to encourage the economic and social regeneration ofthe East London area through leveraging the business skills, expertise andresources of its member companies–and by working in partnership with theprivate, public and volunteer sectors.

Member companies such as CSFB bring their business knowledge andexpertise to bear on the critical issues of transportation, job skills, education,health, housing and the environment. CSFB provides ELBA with a pool of

employee volunteers who contribute their individual abilities to a diverse range of volunteerprojects and initiatives operating on London’s East Side.

Last year ELBA staff placed more than 770 volunteers from companies like ours withprojects needing their help and support. More than 250 of those placements wereprofessional volunteers serving on management boards or contributing their expertise onprojects such as developing business plans, providing legal advice, developing marketingmaterials or strategies, and mentoring project managers.

ELBA operates principally in the three boroughs of Tower Hamlets, Hackney and Newham.

Isle of Dogs Community Foundation The Isle of Dogs CommunityFoundation (IDCF) is a true partnership among the business sector on the Isle of Dogs,the volunteer sector, and local community organizations to develop and implement programs for coherent social regeneration. Founded in 1990, IDCF has grown tobecome one of the most important strategic agencies in the local Millwall and Blackwallareas. The organization is now one of the largest community foundations in the UK,having received pledges from government and business agencies totaling more than £5 million through 2006.

IDCF’s Creating a Confident Community program continuesto strengthen the capacity of the local population to resolveits own social and economic problems. Its projects willenable the Isle of Dogs community’s diverse assets toflourish while giving its population, and particularly itsyoung people, a chance to gain relevant core skills andexperience needed for employment.

The European Charities Committee has been a majordonor to IDCF since its formation; moreover, JonathanDavie, CSFB vice chairman and chairman of the Committee,sits on the foundation’s Board of Directors, and MarieBurke, CSFB vice president of Corporate Social Responsibility,sits on the grant-making committee. In addition, CSFBstaff members are involved through IDCF in volunteerwork to support community groups on the island, such asthe Cedar Centre, St. Matthias Trust, The Leaside Trust,and the Docklands Sailing and Watersports Centre.

31

Students from localschools wave goodybags during a tour of

CSFB. Several schooland community

groups have visitedCSFB as part of an

effort to demystify thecorporate environment

for young people.

CSFB has been an invaluable

supporter of our foundation, working

with us to help ensure a better quality

of life–and opportunity–for residents

of the deprived communities on

the doorstep of one of the world’s

most prosperous business centers.” Janet Kennedy, Director, Isle of Dogs Community Foundation

“

SS Robin Trust With the help of CSFB employee volunteers, the East LondonBusiness Alliance and the Isle of Dogs Community Foundation are supporting the refurbishment and transformation of the SS Robin, the world’s oldest completesteamship, into an innovative photo gallery and interactive learning resource for children.

The ship was originally built in Bow, London, in 1890 and is listed in the Core Collection,the official register of Britain’s most important ships. The gallery, based within the cargohold of the steamship, will display historic photographs that will augment the educationof children from socio-economically deprived East End communities.

CSFB was so impressed by the SS Robin’s goals that we became the first corporatesponsor to get on board in March 2003. Members of CSFB staff have been activelyinvolved in the restoration process, participating in team builds and tours, donating supplies and time, and serving as advisors. Our Buildings and Facilities Managementand IT departments have consulted with the SS Robin staff on their approach to renovation, with a focus on preservation. The ship’s transformation from a neglectednational monument into an impressive arts and education space moored at CanaryWharf’s West India Quay is almost complete and can be clearly viewed from the windowsof CSFB’s offices at One Cabot Square.

SMart Network Art Workshop In continuing to support BusinessAction on Homelessness as well as Business in the Community, The EuropeanCharities Committee invited London employees to an interactive SMartArt workshopon July 9, 2003. The workshop coincided with the successful SMartArt Exhibition onview at CSFB’s offices in June 2003. This was the second year that CSFB exhibitedpaintings by artists from SMart Network, an organization dedicated to improving thelives of homeless and socially excluded people.

The art workshop was hosted by Gill Hart, a lecturer from London’s National Gallery;Jaime Bautista, SMart Network’s executive director; and Ian Hughes, a SMart artist.The discussion presented an opportunity for employees to learn about the paintings, theartists, and their influences and challenges. It also included an overview of a selectionof paintings from the National Gallery’s collection.

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We have seen a 300% increase in CSFB volunteers, to a total of more than 600 in 2003–over 10% of our entirestaff. And we have discovered many new worthy causesin our area that would benefit from CSFB’s assistance–so we expect to have still more volunteers in 2004!”Jonathan Davie, CSFB Vice Chairman and European Charities Committee Chairman

“

New recruits to CSFB often spenda day in the community. This grouphelped to refurbish a boat that willbe a floating educational resource

for local schoolchildren.

Intrepid trekkers scale Kilimanjaro in asuccessful effort to raise funds forleukemia research.

Kilimanjaro Challenge Michael Meinhardt, a managing director inCSFB’s Financial Institutions group, was diagnosed with leukemia and had to stop workduring 2002. His condition has since stabilized. In order to support the work ofProfessor John Goldman and the Leukaemia Unit at Hammersmith Hospital, where heis being treated, Michael recruited a CSFB team to participate in a “KilimanjaroChallenge” he was organizing with the cooperation of LEUKA, a registered UK charityassociated with the hospital. He also secured financial support from Novartis, inventorof a pioneering anti-leukemia medication.

In October 2003, Michael and his CSFB teammates–Joanne Gabriele, JoachimDobrikat, Gary Paine, Hugh Williams, Simon Brunner, Thomas Vignon, Peter Malik andGuillermo de Juanes–and 16 other climbers spent nine days in Tanzania. Their challengewas to scale Mt. Kilimanjaro, the ‘roof of Africa’ and the highest free-standing mountainon Earth. While the trek requires no technical climbing skills, it is a steep, demandinghike that takes climbers up more than 19,000 feet from the tropical rainforest at themountain’s base to the eternal ice at the peak. Near the summit, the hikers had toclimb through the night, faced with 60-mph winds and sub-zero temperatures. The trekwas “truly an emotional, once-in-a-lifetime experience,” as Joanne said, and it broughtin a total of £70,000, about half of which was raised by the CSFB team. The proceedshave enabled the hospital to appoint Dr. David Marin as the head of Clinical Researchfor a new Leukaemia Clinical Trials Unit being established help leukemia patientsimprove their outlook during therapy. Dr. Marin and his wife also took part in the climb.

Michael is now thinking about the next challenge he plans to organize with colleaguesfrom CSFB.

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Without Marie Burke and her CSFB colleagues, who helped recruit participants

for the climb, the Kilimanjaro Challenge could never have been the great success

it was. I’m happy to have been able to make this contribution to the important

work at Hammersmith Hospital.” Michael Meinhardt, CSFB Managing Director, Financial Institutions

“

asia

pa

cific

CSFB’s Asia-Pacificschools initiativereflects the core

belief that educationis the most important

factor in breakingthe cycle of poverty.”

Tom Grimmer, CSFB, Hong Kong

“

Asia Pacific Under the direction of the Asia Pacific Philanthropic Committee,CSFB supports a variety of projects and programs in more than 10 countries throughoutthe Asia-Pacific region.

Most involve contributions for bricks-and-mortar projects connected with education,which the Committee considers the most valuable means of reaching a significant numberof children in need.

Asia-Pacific Schools Initiative Since 1999, CSFB’s Asia PacificPhilanthropic Committee has helped in the building or renovation of more than a dozenschools in lesser-developed areas of the Asia-Pacific region. This effort has touched thelives of youngsters in remote areas of China, Vietnam, Cambodia and other locales.

In addition to providing essential buildings and facilities, CSFB has also funded initiativesthat support the operation and maintenance of schools in countries including Thailand,the Philippines, India and China. These initiatives have taken the form of fee-subsidyand book programs as well as back-to-school plans that allow students from poor familieswho have left school to return to their studies. CSFB employees play an important rolein monitoring the programs and have also become involved in raising additional funds forschools through a range of charitable activities.

To achieve maximum impact through these programs, the Firm has teamed up with anumber of organizations that have similar philosophies, such as Caritas, the ChristinaNoble Children’s Foundation, and the Hong Kong Christian Council’s CollapsingSchools Project. The most substantial cooperation, however, has been with OxfamHong Kong, which is part of the global Oxfam network.

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Since 1999, CSFB has helped to build or renovate some15 schools in developing Asia and has funded a range ofeducational and welfare programs. Our philosophy is toimprove the quality of education for some of the youngestmembers of society, to give them a better chance offulfilling their personal potential.” Paul Calello, CSFB Asia-Pacific Chairman and CEO

and Asia Pacific Philanthropic Committee Chairman

“

The Firm’s philanthropicactivities span more than

10 countries in theregion, touching the livesof thousands of children.

CSFB and Oxfam Oxfam has an extensive school-building program in China,which leverages the organization’s years of experience with such projects and its excellentrelations with local and provincial governments. Oxfam’s school projects are supervisedby their regional offices in China and are usually funded 50% by donors such as CSFBand 50% by local authorities. In most cases, Oxfam combines school-building projectswith larger rural development initiatives that may include other infrastructure work, suchas water supply systems, or programs to get girls in the countryside back into school.So far, CSFB and Oxfam have rebuilt four schools in China–three in Yunnan Provinceand one in Guizhou Province.

In 2002-2003, CSFB worked with Oxfam again, this time in the highlands of Vietnam.The partnership succeeded in completing two schools: a preschool in Cha Lan and aprimary school in nearby Ban Na. In both cases, bamboo-walled structures with thatchedroofs and dirt floors were replaced by simple but practical wooden buildings with steelroofs, tiled floors in the classrooms and accommodations for the teaching staff. The twofacilities together provide schooling for approximately 150 students–children who areno longer at the mercy of the elements.

CSFB’s Vietnam and China projects show the dramatic changes that can be made inthe lives of children in rural Asia with the expenditure of relatively modest sums–typicallybetween US $30,000 and a little more than US $50,000 per school.

In 2003, CSFB reinforced its partnership with Oxfam by becoming the principal HongKong corporate sponsor of Oxfam’s annual Education Fund Campaign. The Asia PacificPhilanthropic Committee’s donation will help fund school programs in Asia and will alsohelp Oxfam carry out its US $1 million annual fundraising drive. The education fund isproviding general assistance to rural areas, training teachers, encouraging parents to lettheir daughters study (as well as their sons), and running literacy programs for adults.

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CHINA

VIETNAM

CAMBODIA

SINGAPORE

CSFB Supported Schools in Asia

CAMBODIABakan District

SINGAPOREBalestier Special School

VIETNAMCha Lan and Ban Na Villages

Tan Thanh Village

CHINAZhaizi Village

Wuquan Village

Honghua Village

Shubao Village

Kuaicun, Linyun Village

Pingchangzi Village

Jiangxing Village

Bage Village

Yaozhuang Village

Beixitutu and Akekulakelake Villages

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Poinsettia Primary School, Hong KongThe Poinsettia Primary School in Hong Kong was established in 1999 bya group that wanted to offer better educational opportunities to childrenfrom Hong Kong’s large Nepalese community. Many ethnic Nepalesechildren who were born in Hong Kong or who have achieved residentstatus since birth find it difficult to secure places in the government-fundedschool system, especially at the primary level. The cultural and linguisticbarriers facing these youngsters are sometimes insurmountable.

Over the past three years, CSFB has provided significant assistance tothe Poinsettia School, making a range of donations that have been usedto purchase school equipment, maintain the premises and support theteaching staff.

The school, which plans to move to a restored facility in 2004-2005 withthe help of the Hong Kong government and private donors, has been verysuccessful in enabling Nepalese children to make the transition into theregular educational system. It has more than 60 students in classes fromPrimary 1 to Primary 6, and it follows curriculum guidelines from theHong Kong Department of Education in preparing students to move on toa state-funded school.

In 2002, seven-year-old Hong Kong-born Reshmi Gurung (above right)had to drop out of the regular school system due to language difficulties,and her Nepalese parents enrolled her at Poinsettia. She is now inPrimary 2 and should be able to transition back into the regular schoolstream in the near future. Reshmi is a top student at Poinsettia and hasbecome a class prefect in only her second year at the school–a perfectexample of how Poinsettia is helping children to help themselves.

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Partnering with CSFB, Oxfam Hong Kong canmake a difference in some of rural Asia'sneediest places. The commitment that CSFBhas shown to this goal is remarkable.”Chan-Yau Chong, Executive Director, Oxfam Hong Kong

“

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Hariprasad Childcare Centre, Singapore One beneficiary ofCSFB grant giving in the Asia-Pacific region is the Hariprasad Childcare Centre inSingapore, where more than 40 children aged three to seven from less-advantagedfamilies receive access to day care and early childhood education. CSFB’s involvementin the Hariprasad Centre is an ideal combination of corporate philanthropy and employeevolunteerism.

In September 2003, 28 members of the Firm’s Asia-Pacific Audit team based inSingapore rolled up their sleeves and took part in a clean-up, repair and painting projectfor the Center. Going forward, members of the Audit team will continue to lend a handat Hariprasad when needed; moreover, members of the Singapore IT team are alsobecoming involved by helping the school with its computer set up. CSFB activelyencourages this sort of employee participation– in fact, when determining allocation offunds to worthwhile causes in Asia, the Firm distinctly favors such projects and programswherever possible.

Group Home for Abused & Neglected Children, SeoulThe Group Home for Abused & Neglected Children is devoted to providing shelter forchildren who have been victims of various forms of abuse. Its umbrella organization, achildren’s medical charity in operation since 1980, runs nine offices in South Korea.The Group Home also helps children who have been neglected due to their families’financial circumstances. It has helped some 750 children since 1999, providing bothphysical shelter and counseling for the children and their care givers.

CSFB made its first grant to the Group Home in 2003, and since then employees fromOperations, Accounts, Human Resources, Corporate Services and Equity in Seoul havevolunteered to work with the youngsters at various times, organizing activities, takingpart in reading sessions, and so on.

The Seoul employees kicked off this volunteer effort in September 2003 by joining in afield day with the children, helping to run the activities and also donating lunch andequipment for the day.

Follow-up activities have included monthly visits to the home, picnics, a Christmas party,and outings to museums and exhibitions. Funding and resources in Seoul for organizationslike the Group Home are limited, so the efforts of these CSFB employees are helping tomake a real difference in the lives of the children.

Giving them the attention they deserve: Volunteers fromCSFB’s Seoul office spend time with children who have

suffered from abuse or neglect.

dev

elopin

gfu

ture lea

ders

I live the dream. I believe that children

are our future andthat I can serve as a beacon, guiding

them toward pathsthey may not haveseen on their own.”

Elizabeth Santiago Weinstock, CSFB Vice President,US Global Technology Infrastructure

“

A Better Chance Since its inception in 1963, A Better Chance (ABC) hasbeen a pre-eminent resource for identifying, recruiting and developing potential leadersamong minority students throughout the United States. Over four decades, ABC hasplaced more than 11,000 such students in the nation's best college-preparatory highschools.

Through a range of programs, ABC works with students from the sixth grade throughcollege to help them access expanded educational and career opportunities. After highschool placement, the program hosts an orientation to prepare entering students fortheir transition to a new environment. Staff members, alumni and current scholars holdworkshops on issues such as adjusting to the rigors of a new curriculum and balancingacademics with extra curricular activities. ABC also helps its scholars navigate their waythrough the college admissions process, taking them on college tours and assistingthem with applications. Nearly 100% of the program’s graduates apply for and receiveadmission to colleges and universities.

In December 2002, Worth magazine named ABC one of the 13 Best EducationCharities in America and included the program in its 100 Best Charities List, whichWorth’s editors call “a guide for people who expect a good return.”

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A Better Chance has a 40-year track recordof success in fostering the same type ofcommunity of inclusion that we are working tocreate here at CSFB.” Nicholas R. Silvers, CSFB Associate, Fixed Income

“

actively supports several programsdedicated to the future success of students from minority groupsthat are under-represented in the top tiers of the marketplace andacademic life. Most of these programs work with the principals ofpublic elementary schools to find outstanding students, whomthey will prepare for entrance to leading independent secondaryor high schools that will give them extensive financial aid. Inaddition, they provide ongoing advice and support that enabletheir graduates to enter first-rate colleges and universities and topursue careers in a wide range of professions. The percentage oftheir students who go on to college is extremely high.

Some of the organizations we support have come to ourattention through our Global Diversity department or throughinternal CSFB employee networks, such as the Open Network,which often serve as partners with the CSFB Foundation.

FoundationCSFB

TheCSFB employees

partner with A BetterChance students at

the annual New YorkCares Day.

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Prep for Prep The CSFB Foundation has supported Prepfor Prep since 1994 and is a major annual donor to its programs.Now in its 25th year, Prep for Prep prepares youngsters fordemanding academic programs at independent high schools,nurtures their commitment to educational achievement, andhelps them to develop leadership potential. In the process, it alsoprovides remedial education, peer support, and a sense of community as well as ongoing support in later years and a broadnetwork that leads to valuable career opportunities.

Adebayo Ogunlesi, CSFB head of Global Investment Banking, isa member of Prep for Prep’s Board of Trustees. CSFB contributes both space and expertise for Prep’s professionaladvancement workshops and is one of the leading employers ofPrep for Prep alumni, matched by only one other corporation.Three alumni who were recently working at CSFB all credited theprogram with helping them land their positions with the Firm.

“I have achieved the goals that I set for myself, and that is whatI define as success–going to my first-choice schools, working asan officer at a top firm, being financially secure. On the intangibleside, it’s being happy, having a family, and enjoying both myhome and my work life,” says Elizabeth Santiago Weinstock,CSFB vice president in US Global Technology Infrastructure.

The Albert G. Oliver Program The OliverProgram’s mission is to identify some of the brightest African-American and Latino students in New York City public andparochial junior high schools, assist them with the application andtransition processes for entering independent high schools, andfacilitate their development through graduation and college entry.Over the past 19 years, the program has created a community ofacademic excellence and has also taught its scholars the ethicsof self-reliance, civic responsibility and community support.

Oliver scholars receive counseling to help navigate their waythrough the unfamiliar terrain of independent schools, complete150 hours of community service, and often return as alumni toact as tutors and mentors to current scholars. Oliver also takesits students on regional college tours, managing to visit up to 22 colleges in three dayson its annual tour of the Northeast. During Oliver’s first Career Day in March 2003, alumniserved as panelists, telling current scholars about future career options and summeremployment opportunities.

CSFB’s contributions have helped Oliver to strengthen its Business Partnership program,which introduces Oliver’s 600 alumni to various careers, teaches them about workplaceskills and networking, provides electronic access to job opportunities, and hosts work-shops and networking events.

Prep for Prep Success Story OmarSlowe was born to Guyanese parents and attendedpublic school in Flatbush, Brooklyn, through sixthgrade. His parents, a nurse and a chef, were determinedto give their six children better opportunities thanthey themselves had had in South America and theyplaced great emphasis on education. Omar was theirfirst child to qualify for Prep for Prep (his youngestsister also went through the program and is now inhigh school); he began the intensive summer-schoolprogram after sixth grade to prepare him for seventhgrade at Saint David’s Day School. “Your first summer, you’re just hit by it,” says Omar.

“You’re so used to having life be a breeze in elementaryschool . When you go to Prep, it’s completely theopposite, you’re scratching and clawing to hold on.And it’s summertime, and all your friends are justhanging out.” Instead, Omar would get up at 5 am totake a bus to Prep for Prep’s Manhattan headquarters,spend the day in classes and activities, and get homeat 8 or 9 pm–to eat a quick dinner and do homeworkuntil as late as 1 am While he still played ball withthe neighborhood kids, Omar made new friends atPrep with whom, he says, “I could talk about my aspirations, or about this cool book I’d read, or thiscool program I had watched on TV.”Today Omar is one of many Prep alumni in the

working world who help expose current students toinside information about different professions–hetalks about high-yield finance to Prep students visiting CSFB. “The kids who went through the program were so incredibly affected by it and are soappreciative of how far they’ve gone,” he explains,“that they can’t help but try to turn it around and dowhatever they can.”Omar has friends from Prep who are lawyers, medical

students, Wall Street professionals and others “whoare doing amazing, interesting things. And that is definitely a very powerful experience.” Often, he willlook at one and think, “Man, I remember when thatkid had snot in his nose and couldn't tie his shoelace.”

Prep for Prep alumni offer theirtime and skills to the communitythrough CSFB’sEmployee VolunteerProgram.

The Hetrick-Martin Institute (HMI) CSFB is proud to supportthe Hetrick-Martin Institute, the oldest and largest non-profit agency serving lesbian,gay, bisexual, transgender and questioning youth between the ages of 12 and 21.Since 1979, the institute has provided a safe place where young people can go withoutfear of being ridiculed, harassed, beaten or treated differently. Today it offers a broadrange of services each year to thousands of youths throughout New York’s five boroughsand the greater metropolitan area. CSFB supports HMI’s after-school program,which offers activities ranging from health and wellness education– including HIV/STDprevention, youth leadership and peer education – to arts and cultural instruction,job readiness skills and career exploration and is held every weekday from 3:30 pmto 6:30 pm.

In June 2003, CSFB’s Open Network sponsored a cocktail reception and art exhibithighlighting photography by students from HMI and its flagship program, the HarveyMilk School. HMI spokesperson Hilary Swank, who won an Academy Award for herperformance in “Boys Don’t Cry,” was the featured speaker. Hosted by FoundationTrustee Thomas R. Nides, CSFB’s Chief Administrative Officer, at the Firm’s globalheadquarters, the event drew more than 500 employees–and concluded with anauction that raised over US $24,000 for HMI.

In September 2003, CSFB was recognized by the Human Rights Campaign (HRC), thenation’s largest lesbian and gay advocacy organization, for its efforts on behalf of gay,lesbian, bisexual and transgender employees. HRC placed the Firm within the secondhighest employer category in its annual Corporate Equality Index, which grades morethan 360 companies. The ranking affirmed CSFB’s success in creating an inclusiveworkplace where all employees are treated with dignity and respect.

Leadership at Home CSFB’s dedication to nurturing future leaders includesa genuine effort to “broaden and diversify the interests of our own organization–and todeepen its culture and values,” says Foundation trustee Bob O’Brien, CSFB’s chiefcredit officer.

“Since many charitable organizations are run by people who do not have the same levelof business skills that you find here,” adds Bob, “CSFB is proud that many of its seniorpeople choose to serve as trustees of organizations we support. They can bring theirbusiness skills to bear and give advice, guidance and stewardship.”

In 2002, the Firm launched a pilot program to train a select group of mid-level managersto become non-profit board members. “Keeping continuity at organizations and developingprofessional trustees is very important,” Bob explains, “since trustees have no vestedinterest–they are only there because they want to be.” The Firm believes that this traininghelps both the organizations and the CSFB employees, who can develop their ownleadership and management skills.

HMI students talk with Hilary Swank at afundraiser for the Institute.

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18 of 20 seniors at the Harvey Milk School

(HMS) graduated in 2002, and passing rates on

Regents exams are significantly higher there than at

other New York City public high schools. Yet some

90% of HMS students had dropped out of their

previous schools.” Chad Royal-Pascoe, Development, The Hetrick-Martin Institute

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CSFB Foundation Board of Trustees

G.T. Sweeney (Chairman)Liza Bailey

Michael W. ClarkGrace Koo

Christopher LawrenceElizabeth Millard

Rodney MillerTom Nides

Robert C. O'BrienDoug Paul

Simon Yates

European Charities Committee

Jonathan Davie (Chairman)Susie AlikerPaul Buckley

Frank CervenyTeri Chan

Isabel DovertyJon Grussing

Libby HillsHector Sants

Mark Seligman

Asia Pacific Philanthropic Committee

Paul Calello (Chairman)Keven Barnum

Wei ChristiansonPatrick P. Kerrigan

Eoin F. O’SheaSteve S.Y. ParkSarah PearsonLito SibayanDavid Trude

ChienChien Wong

CSFB Foundation ContactsCasey Karel, New York:

212 325 4199

Marie Burke, London: 44 20 7883 3579

Josephine Lee, Hong Kong: 852 2101 6041

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Credit Suisse First Boston (CSFB) is a leading global investment bank serving institutional, corporate, governmentand individual clients. CSFB’s businesses include securities underwriting, sales and trading, investment banking,private equity, financial advisory services, investment research, venture capital, correspondent brokerage services and asset management. CSFB operates in 69 locations in 34 countries across five continents. The Firm is abusiness unit of the Zurich-based Credit Suisse Group, a leading global financial services company. www.csfb.com

D e s i g n : M i c h a e l G . O l s o n T e x t : J a m i e s o n W i t t y A s s o c i a t e s ( j w a ) , N Y C

©2004 Cred i t Su isse F i rs t Bos ton LLC and/or i t s a f f i l i a te compan ies . A l l r igh ts reserved .