Distribution of Ratings/IB Services as of July 2004

Consumer Cox, Michael E. ~ Retail/Hardlines

Gikas, Anthony N. ~ Leisure & Entertainment

Kaiser, Mitchell A. ~ Broadline Retail & Consumer Products

Klinefelter, Jeffrey P. ~ Specialty retailing: Youth/Teen; Mass Merch; and Apparel & Footwear Brands Sector

Larson, Eric J., CFA ~ Food Processing & Distribution

Oakes, Peter H., CFA ~ Restaurants

Tamminga, Neely J.N. ~ Specialty Retailing: Women's & Luxury Goods

Financial Institutions Collins, Andrew B. ~ Banks & Investment Banks

Crabtree, Ben C. ~ Small and Mid-Capitalization Banks

Napoli, Robert P. ~ Specialty Finance

Swanson, Peter J. ~ Financial Technologies & Services

Health Care Bhatia, Sandeep ~ Biotechnology: Biopharmaceuticals

Gunderson, Thomas J. ~ Cardiovascular/Diversified

Hamill, Steven M. ~ Medical Diagnostics & Devices

Karvosky, Mark E. ~ Biotechnology: Biopharmaceuticals

Lehrich, Darren P. ~ Health Care Facilities

Mullikin, Mark J. ~ Large –Cap Diversified/Orthopedics

Stewart, Ryan T. ~ Health Care Services

Tenthoff, Edward A. ~ Drug Discovery

Wei, Thomas ~ Biotechnology: Therapeutics

Technology Gesuale, Brian ~ RFID & Homeland Security Technologies

Kaura, Vikram ~ Data Networking & Wireline Telecom

Manderfeld, T. Brett ~ Technology & Business Services

Marostica, Mark A. ~ Learning Services

Munster, C. Eugene ~ Security & Design

Pichel, Jesse ~ Electronic Manufacturing

Piper, Tad W. ~ Software Applications

Rashtchy, Safa ~ Internet Media & Marketing

Rudow, David ~ Software Infrastructure

Santiago, Leslie P. ~ Enterprise Hardware & Storage

Shannon, Richard C., CFA ~ PC & Communications Semiconductors

Svanberg, Tore E. ~ Analog/Mixed Signal Semiconductors & Consumer ICs

Walkley, T. Michael ~ Wireless Technologies