3M Company (MMM)

COMPANY PROFILES 2008

The Research Group of Godsey & Gibb Associates compiled the following information in Godsey & Gibb Associates’ 2008 Company Profiles from Reuters’ Company Profiles. These reports are intended solely for the clients of Godsey & Gibb Associates and its affiliates. This material is for informational purposes only and is not intended to be a recommendation for the purchase or sale of any individual security.

GODSEY & GIBB COMPANY PROFILES 2008 TABLE OF CONTENTS

AFLAC Inc. (AFL)………………………………………………………………………………………. 1 AGL Resources Inc. (ATG)…………………………………………………………………………… 3 American Electric Power Co. Inc. (AEP)….………………………………………………………… 5 AT&T, Inc (T)…………………………………………………………………………………………… 7 Barrick Gold Corp. (ABX)……………………….……………………………………………………. 9 BB&T Corp. (BBT)………………………………………………………………..…………………… 10 BP, plc (BP)…………………………………………………………………………………….………. 12 Cisco Systems, Inc. (CSCO)……………………………………………………………….………… 13 Cognizant Technology Solutions (CTSH)……………………………………………………….….. 15 CVS Caremark Corp. (CVS)………………………………………………………………………….. 16 Dominion Resources, Inc. (D)………………………………………………….…………………….. 17 Emerson Electric Co. (EMR)………………………………………………………………………….. 19 Express Scripts, Inc. (ESRX)…………………………………………………………………..……… 23 ExxonMobil Corp. (XOM)………………………………………………………………….…………… 24 General Electric Company (GE)………………………………………………………………..……. 26 Gilead Sciences, Inc. (GILD)…………………………………………………………………………. 27 W.W. Grainger, Inc. (GWW)………………………………………………………………………….. 30 Hewlett-Packard Co. (HPQ)………………………………………………………………………….. 32 Integrys Energy Group, Inc. (TEG)………………………………………………………………….. 35 L-3 Communications Holdings, Inc. (LLL)…………………………………………………………… 36 Medtronic, Inc. (MDT)…………………………………………………………………………………. 37 Microchip Technologies, Inc. (MCHP)………………………………………………………………. 39 Microsoft Corp. (MSFT)……………………………………………………………………………….. 40 Northern Trust Corp. (NTRS)………………………………………………………………………… 42 Novartis AG (NVS)……………………………………………………………………………………. 43 Nstar (NST)……………………………………………………………………………………………. 45 Oracle Corp. (ORCL)…………………………………………………………………………………. 46 Pepco Holdings, Inc. (POM)…………………………………………………………………………. 48 PepsiCo, Inc. (PEP)…………………………………………………………………………………… 49 Pfizer, Inc. (PFE) ………………..……………………………………………………………………. 51 Proctor & Gamble Co. (PG)…………………………………………………………………………… 53 Progress Energy, Inc. (PGN)…………………………………………………………………………. 54 SAP AG (SAP)…………………………………………………………………………………………. 55 SCANA Corp. (SCG)………………………………………………………………………………….. 57 Schlumberger Limited (SLB)…………………………………………………………………………. 58 Southern Company (SO)……………………………………………………………………………… 60

TABLE OF CONTENTS

Stryker Corp. (SYK)……………..……………………………………………………………………. 61 Sysco Corp. (SYY)…………………………………………………………………………………….. 64 Target Corporation (TGT)…………………………………………………………………………….. 65 Teva Pharmaceutical Industries Limited (TEVA)…………………………………………………… 66 Texas Instruments Inc. (TXN)………………………………………………………………………… 68 United Technologies Corp. (UTX)………..……………..…………………………………………… 69 Valero Energy Corp. (VLO)…………………………………………………………………………… 72 Walgreen Company (WAG)………………………………………………………………………….. 74 WGL Holdings, Inc. (WGL)…………………………………………………………………………… 75 Xcel Energy, Inc. (XEL)……………………………………………………………………………….. 76 XTO Energy, Inc. (XTO)………………………………………………………………………………. 77

COMPANY PROFILE

AFLAC Inc. (AFL) Web Site: http://www.aflac.com/

Aflac Incorporated, incorporated in 1973, is a general business holding company and acts as a management company, overseeing the operations of its subsidiaries by providing management services and making capital available. Its principal business is supplemental health and life insurance, which is marketed and administered through its subsidiary, American Family Life Assurance Company of Columbus (Aflac), which operates in the United States (Aflac U.S.) and as a branch in Japan (Aflac Japan). Most of Aflac's policies are individually underwritten and marketed through independent agents. Aflac Japan sells supplemental insurance products, including cancer life plans, general medical indemnity plans, medical/sickness riders, care plans, living benefit life plans, ordinary life insurance plans and annuities. Aflac U.S. sells supplemental insurance products, including accident/disability plans, cancer expense plans, short-term disability plans, sickness and hospital indemnity plans, hospital intensive care plans, fixed-benefit dental plans, vision care plans, long-term care plans, and life insurance products. During the year ended December 31, 2007, Aflac Japan accounted for 71% of the Company’s total revenues. Aflac’s insurance business consists of two segments: Aflac Japan and Aflac U.S. Aflac Japan, which operates as a branch of Aflac.

Insurance Products - Japan

Aflac Japan’s stand-alone medical product, EVER, offers a basic level of hospitalization coverage with an affordable premium. The Company’s added to its medical product portfolio in February 2007, with EVER Paid Up, a product that allows policyholders to choose to pay higher premium payments on the front end so they will be payment-free at either age 60 or 65. In August 2007, it introduced Gentle EVER, which helps consumers who may have a health condition that would exclude them from purchasing the other EVER products. The cancer life insurance plans the Company offers in Japan provides a lump-sum benefit upon initial diagnosis of internal cancer and a fixed daily benefit for hospitalization and outpatient services related to cancer, as well as surgical, convalescent and terminal care benefits. In September 2007, it introduced a new product called Cancer Forte. The life products that the Company offers in Japan provides death benefits and cash surrender values. These products are available as standalone policies and riders. Some plans have features that allow policyholders to convert a portion of their life insurance to medical, nursing care, or fixed annuity benefits at a predetermined age. The Company also offers traditional fixed-income annuities and care policies.

Insurance Products - U.S.

The Company designs its U.S. insurance products to provide supplemental coverage for people who already have major medical or primary insurance coverage. Its policies are portable and pay regardless of other insurance. Benefits are paid in cash directly to policyholders, therefore they have the opportunity to use this cash to cover expenses of their choosing. The Company’s health insurance plans are guaranteed-renewable for the lifetime of the policyholder (to age 70 for short-term disability policies). Aflac U.S. offers an accident and disability policy to protect against losses resulting from accidents. The accident portion of the policy includes lump-sum benefits for accidental death, dismemberment and specific injuries as well as fixed benefits for hospital confinement. Optional disability riders are also available. Short-term disability policies provide disability benefits with a variety of elimination and benefit period options. The longest such benefit period offered is two years.

The Company’s U.S. cancer plans are designed to provide insurance benefits for medical and non-medical costs that are not covered by major medical insurance. Benefits include a first-occurrence benefit that pays an initial amount when internal cancer is first diagnosed; a fixed amount for each day an insured is hospitalized for cancer treatment; fixed amounts for radiation, chemotherapy and surgery, and a wellness benefit applicable toward certain diagnostic tests. In August 2007, the Company introduced its newest cancer product, Maximum Difference. This cancer indemnity plan incorporates coverage for medical advances in cancer prevention, diagnosis, treatment and the many new ways cancer patients may receive their care. Maximum Difference allows customization of coverage to fit varying needs and budgets. The Company’s hospital indemnity products provide fixed daily benefits for hospitalization due to accident or sickness. Aflac U.S. offers a specified health event policy that gives consumers three benefit and premium levels from which they may select. One of the levels combines the specified health event policy with the Company's intensive care plan. By leveraging administrative efficiencies, consumers can purchase the combined coverage for less than purchasing the policies separately.

Source: Page 1

COMPANY PROFILE

Aflac U.S. offers term and whole life policies sold through payroll deduction at the worksite and various term and whole life policies on a direct basis. The Life Protector Series product line offers term policies with varying duration options and a new whole life policy with additional benefits, including an increased face value option. It also offers a series of fixed-benefit dental policies, providing various levels of benefits for dental procedures, including checkups and cleanings. Plan features include a renewal guarantee, no deductible and no network restrictions. Aflac U.S. offers Vision Now, which provides benefits for serious eye health conditions and loss of sight. Vision Now includes coverage for corrective eye materials and exam benefits. It also offers other health insurance products including tax qualified and non-qualified long-term care plans.

Source: Page 2

COMPANY PROFILE

AGL Resources, Inc. (ATG) Web Site: http://www.aglresources.com/

AGL Resources Inc. is an energy services holding company whose principal business is the distribution of natural gas in six states: Florida, Georgia, Maryland, New Jersey, Tennessee and Virginia. The Company is involved in various related businesses, including retail natural gas marketing to end use customers primarily in Georgia; natural gas asset management and related logistics activities for its own utilities, as well as for non-affiliated companies; natural gas storage arbitrage and related activities, and the development and operation of high-deliverability underground natural gas storage assets. The Company also owns and operates a small telecommunications business that constructs and operates conduit and fiber infrastructure within select metropolitan areas. The Company manages its businesses through four segments: distribution operations, retail energy operations, wholesale services and energy investments, and a non-operating corporate segment. In October 2007, the Company acquired Compass Energy Services, Inc.

Distribution Operations

Distribution operations include six natural gas local distribution utility companies that construct, manage and maintain intrastate natural gas pipelines and distribution facilities and includes Atlanta Gas Light, Chattanooga Gas, Elizabethtown Gas, Florida City Gas and Virginia Natural Gas. Atlanta Gas Light operates distribution systems and related facilities throughout Georgia. Atlanta Gas Light's role includes, distributing natural gas for marketers, constructing, operating and maintaining the gas system infrastructure, including responding to customer service calls and leaks, reading meters and maintaining underlying customer premise information for marketers. Elizabethtown Gas operates distribution systems and related facilities in central and northwestern New Jersey. In the northwestern region of the state, customer additions are driven primarily by new construction. Elizabethtown Gas is regulated by the New Jersey Commission. Virginia Natural Gas operates distribution systems and related facilities in southeastern Virginia. Virginia Natural Gas is regulated by the Virginia Commission.

Retail Energy Operations

Retail energy operations segment consists of SouthStar, a joint venture owned 70% by its subsidiary, Georgia Natural Gas Company, and 30% by Piedmont Natural Gas (Piedmont). SouthStar markets natural gas and related services to retail customers on an unregulated basis, principally in Georgia, as well as to commercial and industrial customers in Tennessee, North Carolina, South Carolina and Alabama.

SouthStar generates operating margin primarily in three ways. The first is through the sale of natural gas to retail customers in the residential, commercial and industrial sectors, primarily in Georgia where SouthStar captures a spread between wholesale and retail natural gas prices. The second way is through the collection of monthly service fees and customer late payment fees. The third way SouthStar generates margin is through its commercial operations of optimizing storage and transportation assets and managing commodity risk.

Wholesale Services

Wholesale services consists of Sequent Energy Management, L.P. (Sequent), the Company’s subsidiary involved in asset management, transportation, storage, producer and peaking services and wholesale marketing. Sequent captures economic value from idle or underutilized natural gas assets, which are typically amassed by companies through investments in or contractual rights to natural gas transportation and storage assets. Sequent provides customers with natural gas from the major producing regions and market hubs primarily in the eastern and mid- continental United States. Sequent purchases transportation and storage capacity to meet its delivery requirements and customer obligations in the marketplace.

Energy Investments

Energy investments segment includes a number of businesses that are related and complementary to the Company’s primary business. The most significant of these businesses is the Company’s natural gas storage business, which develops, acquires and operates high-deliverability, salt-dome storage assets in the Gulf Coast

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COMPANY PROFILE region of the United States. Jefferson Island, the Company’s wholly owned subsidiary operates a salt dome storage and hub facility in Louisiana, approximately eight miles from the Henry Hub. The storage facility is regulated by the Louisiana Department of Natural Resources (Louisiana DNR) and by the Federal Energy Regulatory Commission (FERC), which has limited regulatory authority over the storage and transportation services. The facility consists of two salt dome gas storage caverns with approximately 9.72 billion cubic feet (bcf) of total capacity and about 7.23 bcf of working gas capacity. The facility has approximately 0.72 bcf/day withdrawal capacity and 0.36 bcf/day injection capacity. Jefferson Island provides storage and hub services through its direct connection to the Henry Hub via the Sabine Pipeline and its interconnection with seven other pipelines in the area.

AGL Networks, the Company’s wholly owned subsidiary provides telecommunications conduit and dark fiber. AGL Networks leases and sells its fiber to a variety of customers in the Atlanta, Georgia and Phoenix, Arizona metropolitan areas, with a small presence in other cities in the United States. Its customers include local, regional and national telecommunications companies, Internet service providers, educational institutions and other commercial entities. AGL Networks provides underground conduit and dark fiber to its customers under leasing arrangements with terms that vary from 1 to 20 years. In addition, AGL Networks offers telecommunications construction services to companies.

Corporate

Corporate segment includes the Company’s non-operating business units, including AGL Services Company (AGSC) and AGL Capital Corporation (AGL Capital). AGL Capital provides for its ongoing financing needs through a commercial paper program, the issuance of various debt and hybrid securities, and other financing arrangements. Pivotal Energy Development coordinates among the Company’s related operating segments, the development, construction or acquisition of assets in the southeastern, mid-Atlantic and northeastern regions.

Source: Page 4

COMPANY PROFILE

American Electric Power Co., Inc. (AEP) Web Site: http://www.aep.com/

American Electric Power Company, Inc. (AEP), incorporated in 1906, is a public utility holding engaged in the generation, transmission and distribution of electric power to retail customers, and supplying and marketing of electric power at wholesale to other electric utility companies, municipalities and other market participants. The subsidiaries of the Company include Appalachian Power Company (APCo), Columbus Southern Power Company (CSPCo), Indiana Michigan Power Company (I&M), Kentucky Power Company (KPCo), Kingsport Power Company, Ohio Power Company (OPCo), Public Service Company of Oklahoma (PSO), Southwestern Electric Power Company (SWEPCo), AEP Texas Central Company (TCC), AEP Texas North Company (TNC), Wheeling Power Company (WPCo) and AEP Generating Company (AEGCo). The public utility subsidiaries of AEP are engaged in providing electric service, consisting of generation, transmission and distribution, on an integrated basis to their retail customers.

The service areas of AEP’s public utility subsidiaries cover portions of the states of Arkansas, Indiana, Kentucky, Louisiana, Michigan, Ohio, Oklahoma, Tennessee, Texas, Virginia and West Virginia. The generating and transmission facilities of AEP’s public utility subsidiaries are interconnected and their operations are coordinated. Transmission networks are interconnected with distribution facilities in the territories served.

APCo is engaged in the generation, transmission and distribution of electric power to approximately 956,000 retail customers in the southwestern portion of Virginia and southern West Virginia, and in supplying and marketing electric power at wholesale to other electric utility companies, municipalities, and other market participants. The industries served by APCo are coal mining, primary metals, chemicals and textile mill products. In addition to its AEP System interconnections, APCo is interconnected with Carolina Power & Light Company, Duke Carolina and Virginia Electric and Power Company.

CSPCo is engaged in the generation, transmission and distribution of electric power to approximately 746,000 retail customers in Ohio, and in supplying and marketing electric power at wholesale to other electric utilities, municipalities and other market participants. CSPCo’s service area is comprised of two areas in Ohio, which include portions of 25 counties. One area includes the City of Columbus and the other is a rural area in south central Ohio. The industries served are food processing, chemicals, primary metals, electronic machinery and paper products. In addition to its AEP System interconnections, CSPCo is interconnected with Duke Ohio, DP&L and Ohio Edison Company. CSPCo is a member of PJM Interconnection, L.L.C (PJM).

I&M is engaged in the generation, transmission and distribution of electric power to approximately 583,000 retail customers in northern and eastern Indiana and southwestern Michigan, and in supplying and marketing electric power at wholesale to other electric utility companies, rural electric cooperatives, municipalities, and other market participants. The industries served include primary metals, transportation equipment, electrical and electronic machinery, fabricated metal products, rubber and miscellaneous plastic products and chemicals and allied products. In addition to its AEP System interconnections, I&M is interconnected with Central Illinois Public Service Company, Duke Ohio, Commonwealth Edison Company, Consumers Energy Company, Illinois Power Company, Indianapolis Power & Light Company, Louisville Gas and Electric Company, Northern Indiana Public Service Company, Duke Indiana and Richmond Power & Light Company. I&M is a member of PJM.

KPCo is engaged in the generation, transmission and distribution of electric power to approximately 176,000 retail customers in an area in eastern Kentucky, and in supplying and marketing electric power at wholesale to other electric utility companies, municipalities and other market participants. In addition to its AEP System interconnections, KPCo is interconnected with Kentucky Utilities Company and East Kentucky Power Cooperative Inc. KPCo is also interconnected with Tennessee Valley Authority (TVA). KPCo is a member of PJM.

Kingsport Power Company provides electric service to approximately 47,000 retail customers in Kingsport and eight neighboring communities in northeastern Tennessee. Kingsport Power Company does not own any generating facilities and is a member of PJM. It purchases electric power from APCo for distribution to its customers.

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COMPANY PROFILE

OPCo is engaged in the generation, transmission and distribution of electric power to approximately 712,000 retail customers in the northwestern, east central, eastern and southern sections of Ohio, and in supplying and marketing electric power at wholesale to other electric utility companies, municipalities, and other market participants. The industries served by OPCo are primary metals, rubber and plastic products, stone, clay, glass and concrete products, petroleum refining and chemicals. In addition to its AEP System interconnections, OPCo is interconnected with Duke Ohio, The Cleveland Electric Illuminating Company, DP&L, Duquesne Light Company, Kentucky Utilities Company, Monongahela Power Company, Ohio Edison Company, The Toledo Edison Company and West Penn Power Company. OPCo is a member of PJM.

PSO is engaged in the generation, transmission and distribution of electric power to approximately 525,000 retail customers in eastern and southwestern Oklahoma, and in supplying and marketing electric power at wholesale to other electric utility companies, municipalities, rural electric cooperatives, and other market participants. The industries served by PSO are natural gas and oil production, oil refining, steel processing, aircraft maintenance, paper manufacturing and timber products, glass, chemicals, cement, plastics, aerospace manufacturing, telecommunications and rubber goods. In addition to its AEP System interconnections, PSO is interconnected with Ameren Corporation, Empire District Electric Company, Oklahoma Gas and Electric Company, Southwestern Public Service Company and Westar Energy, Inc. PSO is a member of Southwest Power Pool (SPP).

SWEPCo is engaged in the generation, transmission and distribution of electric power to approximately 467,000 retail customers in northeastern Texas, northwestern Louisiana and western Arkansas, and in supplying and marketing electric power at wholesale to other electric utility companies, municipalities, rural electric cooperatives, and other market participants. The industries served by SWEPCo are natural gas and oil production, petroleum refining, manufacturing of pulp and paper, chemicals, food processing, and metal refining. The territory served by SWEPCo includes several military installations, colleges, and universities. SWEPCO also owns and operates a lignite coal mining operation. In addition to its AEP System interconnections, SWEPCo is interconnected with CLECO Corp., Empire District Electric Co., Entergy Corp. and Oklahoma Gas & Electric Co. SWEPCo is a member of SPP.

TCC is engaged in the transmission and distribution of electric power to approximately 753,000 retail customers through retail electricity providers in southern Texas. TCC has completed the final stage of exiting the generation business and has sold all of its generation assets. The industries served by TCC are oil and gas extraction, food processing, apparel, metal refining, chemical and petroleum refining, plastics, and machinery equipment. In addition to its AEP System interconnections, TCC is a member of Electric Reliability Council of Texas (ERCOT).

TNC is engaged in the transmission and distribution of electric power to approximately 184,000 retail customers through retail electricity providers in western and central Texas. The industries served by TNC are agriculture and the manufacturing or processing of cotton seed products, oil products, precision and consumer metal products, meat products and gypsum products. The territory served by TNC also includes several military installations and correctional facilities. In addition to its AEP System interconnections, TNC is a member of ERCOT.

WPCo provides electric service to approximately 41,000 retail customers in northern West Virginia. WPCo does not own any generating facilities. WPCo is a member of PJM. It purchases electric power from OPCo for distribution to its customers. AEGCo is an electric generating company. It sells power at wholesale to I&M, CSPCo and KPCo. AEP also owns a service company subsidiary, American Electric Power Service Corporation (AEPSC). AEPSC provides accounting, administrative, information systems, engineering, financial, legal, maintenance and other services to the AEP-affiliated companies. The AEP MEMCO LLC (MEMCO) operations segment transports coal and dry bulk commodities on the Ohio, Illinois, and lower Mississippi rivers.

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COMPANY PROFILE

AT&T, Inc. (T) Web Site: http://www.att.com/

AT&T Inc. (AT&T), incorporated in 1983, is a provider of telecommunications services in the United States. The Company offers its services and products to consumers in the United States, and services and products to businesses and other providers of telecommunications services worldwide. The services and products that AT&T offers vary by market, and include wireless communications, local exchange services, long-distance services, data/broadband and Internet services, video services, telecommunications equipment, managed networking, wholesale services and directory advertising and publishing. AT&T’s traditional wireline local exchange subsidiaries operate in 22 states: Alabama, Arkansas, California, Connecticut, Illinois, Indiana, Florida, Georgia, Kentucky, Louisiana, Kansas, Michigan, Mississippi, Missouri, Nevada, North Carolina, Ohio, Oklahoma, South Carolina, Tennessee, Texas and Wisconsin (22-state area). As of December 31, 2007, AT&T served approximately 70.1 million customers, and is a provider of mobile wireless voice and data communications services in the United States. In December 2008, the Company completed the acquisition of Wayport, Inc.

In March 2008, Black Box Corporation acquired AT&T's NEC TDM voice CPE business line in AT&T's southeast region. In April 2008, AT&T announced the completion of the divestitures of wireless assets from the former Dobson Communications Corporation to MTPCS, LLC. In April 2008, the Company announced the expansion of the third- generation (3G) mobile broadband wireless network in five counties in New Jersey. In June 2008, the Company announced the opening of an AT&T Experience Store in Florida.

The Company wireless subsidiaries provide both wireless voice and data communications services across the United States, and through roaming agreements, in a substantial number of foreign countries. Its wireline subsidiaries provide primarily landline telecommunications and video services to residential customers in 22 states, and to business and governmental customers, throughout the United States and internationally. AT&T’s advertising and publishing subsidiaries provide services related to directory advertising and publishing. Its other subsidiaries provide results from Sterling Commerce, Inc. (Sterling), all corporate and other operations. AT&T operates in four business segments: wireless; wireline; advertising & publishing, and other.

Wireless

AT&T offers a range of wireless voice communications services in a variety of pricing plans, including postpaid and prepaid service plans. The Company’s voice offerings are tailored to meet the communications needs of targeted customer segments, including youth, family, active professionals, small businesses, government and national corporate accounts. AT&T’s voice service is offered on a contract basis for one or two year periods, referred to as postpaid. Its wireless services include basic local wireless communications service, long-distance service and roaming services. Roaming services enable its subscribers to utilize other carriers’ networks when they are roaming outside the Company’s network footprint. AT&T sells a variety of handsets and personal computer wireless data cards manufactured by various suppliers for use with its voice and data services. The Company also sells accessories, such as carrying cases, hands-free devices, batteries, battery chargers and other items, to consumers, as well as to agents and other third-party distributors for resale.

Wireline

Wireline consists of the Company’s subsidiaries that operate as both retail and wholesale sellers of communication services domestically and internationally. Its wireline segment provided approximately 59% of operating revenues, during the year ended December 31, 2007, and 55% of its total segment income during 2007. As of December 31, 2007, its wireline subsidiaries served approximately 35 million retail consumer lines, 23 million retail business lines and four million wholesale lines, for a total of approximately 62 million access lines. The Company divides its wireline services into three product-based categories: voice, data and other. Voice includes traditional local and long-distance service provided to retail customers and wholesale access to its network and individual network elements provided to competitors. Voice also includes calling features, fees to maintain wire located inside customer premises and other miscellaneous voice products. The Company also has a number of integrated voice and data services, such as integrated network connections, which provides customers the ability to integrate access for their voice and data services, the data component of which is included in the data category. Additionally, voice revenues do not include any of its voice over Internet protocol (VoIP) revenues, which are included in data revenues. Source: Page 7

COMPANY PROFILE

Data includes traditional products, such as switched and transport, Internet access and network integration, and data equipment sales. Additionally, data products include high-speed connections, such as private lines, packet, Internet and enterprise networking services, as well as products, such as digital subscriber line (DSL)/broadband, dial-up Internet access and wireless fidelity (WiFi) (local radio frequency commonly known as wireless fidelity). The Company also provides businesses voice applications over Internet protocol (IP)-based networks. Other includes managed Web hosting, application management, security service, integration services, customer premises equipment, outsourcing, directory and operator assistance services, government-related services, its U-verse and satellite video services. The Company’s managed Web-hosting services for businesses provide network, server and security infrastructure, as well as built-in data storage and include application performance management, database management, hardware and operating system management. Its hosting services also provide customers with secure access to detailed reporting information about their infrastructure and applications. Security services include business continuity and disaster recovery services, as well as premise and network-based security products.

Advertising & Publishing

Advertising & Publishing includes the Company’s directory operations, which publish Yellow and White Pages directories, and sells directory and Internet-based advertising. The advertising & publishing segment provided approximately 5% of total segment operating revenues and 9% of its total segment income during 2007. AT&T’s directory subsidiaries operate primarily in its 22-state area.

Other

The Company’s other segment includes operations from Sterling, its business integration software and services subsidiary, payphones, corporate and other operations. The other segment provided approximately 1% of total segment operating revenues and 4% of its total segment income during 2007. Sterling provides multi-enterprise collaboration services to businesses in various industries, including retail, financial services, manufacturing, healthcare and telecom.

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COMPANY PROFILE

Barrick Gold Corp. (ABX) Web Site: http://www.barrick.com/

Barrick Gold Corporation (Barrick) is engaged the production and sale of gold, as well as related activities such as exploration and mine development. Barrick also produces some copper and holds interests in a platinum group metals development project and a nickel development project, both located in Africa, and a platinum group metals project located in Russia. Barrick has four regional business units (RBUs): North America, South America, Australia Pacific and Africa. In March 2008, Barrick acquired the remaining shares of Arizona Star by way of a compulsory acquisition. Arizona Star owns a 51% interest in the Cerro Casale deposit in the Maricunga district of Region III in Chile. Kinross Gold Corporation (Kinross) owns the remaining 49% of the Cerro Casale deposit. In March 2008, Barrick acquired an additional 40% interest in the Cortez property from Kennecott Explorations (Australia) Ltd., a subsidiary of Rio Tinto plc. As of November 11, 2008, Barrick held approximately 96.6% interest in Cadence Energy Inc.

In December 2007, Barrick completed the acquisition of the Kainantu mineral property and over 2,900 square kilometers of exploration licenses in Papua New Guinea from Highlands Pacific Limited. In October 2007, Barrick commenced an offer to acquire the shares of Arizona Star Resource Corp. (Arizona Star). Barrick concluded its offer for Arizona Star in December 2007, acquiring an approximate 94% interest in Arizona Star. In August 2007, Barrick acquired an additional 20% interest in the Porgera mine in Papua New Guinea from Emperor Mines Limited. Following this transaction Barrick’s interest in the Porgera mine increased from 75% to 95%.

North America

Barrick’s North American operations consist of its Goldstrike property, its Cortez property (consisting of the Cortez mine and Cortez Hills project), its 50% interest in the Round Mountain mine, its Ruby Hill mine, its Eskay Creek mine, its 50% interest in the Hemlo property, its 33% interest in the Marigold mine, its Bald Mountain mine, its Golden Sunlight mine and its 75% interest in the Turquoise Ridge mine. Barrick’s North American projects are its 50% interest in the Donlin Creek project and its 60% interest in the Pueblo Viejo project. The Cortez property includes the Cortez Hills project). During the year ended December 31, 2007, the region produced approximately 3.2 million ounces.

Australia Pacific

Barrick’s Australia Pacific operations consist of its Cowal mine, its 50% interest in the Kalgoorlie mine, its operating mines located in the Yilgarn District in Western Australia (Plutonic, Darlot and Lawlers), its Granny Smith mine, its Henty mine, its Kanowna mine and its Osborne mine, as well as its 95% interest in the Porgera mine and its Kainantu property, which are in Papua New Guinea. During 2007, Barrick acquired an additional 20% interest in the Porgera mine and acquired the Kainantu mineral property and over 2,900 square kilometers of exploration licenses in Papua New Guinea. In 2007, the region produced approximately 2.1 million ounces.

Africa

The Company’s African operations are its Bulyanhulu mine, its 70% interest in the Tulawaka mine and its North Mara mine, each in Tanzania. Barrick’s African projects are its Buzwagi and Kabanga projects, located in Tanzania, and its Sedibelo project, located in South Africa. The Buzwagi project was approved for construction on August 1, 2007. In 2007, Sedibelo’s pre-feasibility was completed and acceptance of the mining rights application was received from the Department of Minerals and Energy. The region produced approximately 600,000 ounces of gold in 2007.

South America

The South American RBU’s Lagunas Norte mine in Peru, Veladero mine in Argentina, and its Zaldivar copper mine in Chile are each material properties for the purposes of this AIF. Its other operation consists of its Pierina mine in Peru. Barrick’s South American development projects consists of the Pascua-Lama project in Chile and Argentina and its Cerro Casale project in Chile, which was acquired in connection with Barrick’s acquisition of Arizona Star. In 2007, the region produced approximately 2.1 million ounces of gold and 315 million pounds of copper.

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COMPANY PROFILE

BB&T Corp. (BBT) Web Site: http://www.bbandt.com/

BB&T Corporation (BB&T) is a financial holding company. The Company conducts its business operations primarily through its commercial banking subsidiary, Branch Banking and Trust Company (Branch Bank). Branch Bank provides a range of banking and trust services for retail and commercial clients in its geographic markets, including small and mid-size businesses, public agencies, local governments and individuals. As of December 31, 2007, Branch Bank provided services through 1,492 offices located in North Carolina, South Carolina, Virginia, Maryland, Georgia, Kentucky, Florida, West Virginia, Tennessee, Washington D.C., Alabama and Indiana. In addition, BB&T’s operations consist of several non-bank subsidiaries, which offer financial services products. Substantially all of the loans by BB&T’s bank and non-bank subsidiaries are made to businesses and individuals.

On January 2, 2007, the Company completed the acquisition of insurance premium finance company, AFCO Credit Corporation and its Canadian affiliate, CAFO, Inc. (collectively, AFCO). On May 1, 2007, BB&T acquired Coastal Financial Corporation (Coastal), a bank holding company headquartered in Myrtle Beach, South Carolina. On November 1, 2007, the Company completed the acquisition of Collateral Real Estate Capital, LLC (Collateral), a commercial real estate finance company headquartered in Birmingham, Alabama. BB&T combined the operations of Collateral with its existing commercial mortgage banking subsidiary, Laureate Capital LLC. The combined company was renamed Grandbridge Real Estate Capital LLC. In addition, BB&T acquired four insurance agencies and divested one insurance agency during the year ended December 31, 2007.

At December 31, 2007, the principal operating subsidiaries of the Company included BB&T Bankcard Corporation, Scott & Stringfellow, Inc., Regional Acceptance Corporation, Sheffield Financial LLC, MidAmerica Gift Certificate Company and BB&T Asset Management, Inc. The primary services offered by BB&T’s subsidiaries include small business lending, commercial middle market lending, real estate lending, retail lending, home equity lending, sales finance, home mortgage lending, commercial mortgage lending, equipment finance, asset management, retail and wholesale agency insurance and institutional trust services. The services offered by the Company also include wealth management/private banking, investment brokerage services, capital markets services, commercial finance, consumer finance, international banking services, payment solutions, treasury services, venture capital, bankcard and merchant services, insurance premium finance, supply chain management and payroll processing.

Lending Activities

BB&T’s loan portfolio is approximately 50% commercial and 50% retail by design, and is divided into four major categories, commercial, consumer, mortgage and specialized lending. BB&T lends to a diverse customer base that is substantially located within the Company’s primary market area. The commercial loan and lease portfolio represents the largest category of the Company’s total loan portfolio. BB&T’s commercial lending program is generally targeted to serve small-to-middle market businesses with sales of $200 million or less. In addition, BB&T’s Corporate Banking Group provides lending solutions to large corporate clients. Commercial and small business loans are primarily originated through BB&T’s banking network. Approximately 93% of BB&T’s commercial loans are secured by real estate, business equipment, inventories and other types of collateral. BB&T’s commercial leases consist of investments in various types of leveraged lease transactions.

The Company offers a variety of consumer loan products. The consumer loan portfolio consists of three primary sub- portfolios, direct retail, revolving credit and sales finance. The direct retail category consists mainly of home equity loans and lines of credit, which are secured by residential real estate. It also includes installment loans and some unsecured lines of credit other than credit cards. The revolving credit category consists of the outstanding balances on credit cards and BB&T’s checking account overdraft protection product, Constant Credit. Such balances are generally unsecured and managed by BB&T Bankcard Corporation. The sales finance category primarily includes secured indirect installment loans to consumers for the purchase of automobiles. Such loans are originated through approved franchised and independent automobile dealers throughout the BB&T market area, and to a lesser degree, states outside BB&T’s market area. The sales finance category also includes loans for the purchase of boats and recreational vehicles originated through dealers in BB&T’s market area. Substantially all consumer loans, excluding the revolving credit portfolio, are secured.

Source: Page 10

COMPANY PROFILE

BB&T originates residential mortgage loans, with originations totaling $11.9 billion during the year ended December 31, 2007. Branch Bank offers various types of fixed- and adjustable-rate loans for the purpose of constructing, purchasing or refinancing residential properties. BB&T primarily originates conforming mortgage loans, and higher quality jumbo and construction-to-permanent loans for owner-occupied properties. The Company’s specialized lending portfolio consists of loans originated through six wholly owned subsidiaries that provide specialty finance alternatives to consumers and businesses, including dealer-based financing of equipment for small businesses and consumers, commercial equipment leasing and finance, direct and indirect consumer finance, insurance premium finance, indirect sub-prime automobile finance and full-service commercial mortgage banking. BB&T offers these services to bank clients, as well as to non-bank clients within and outside BB&T’s primary geographic market area.

Investment Activities

Investment securities represent a significant portion of BB&T’s assets. These securities include obligations of the United States Treasury, the United States Government agencies, the United States Government-sponsored entities, including mortgage-backed securities, bank eligible obligations of any state or political subdivision, privately issued mortgage-backed securities, structured notes, and bank eligible corporate obligations, including corporate debentures, commercial paper, negotiable certificates of deposit, bankers acceptances, mutual funds and limited types of equity securities. Scott & Stringfellow, Inc., BB&T’s full-service brokerage and investment banking subsidiary, engages in the underwriting, trading and sales of equity and debt securities.

Funding Activities

Deposits are the primary source of funds for lending and investing activities. Federal Home Loan Bank (FHLB) advances, other secured borrowings, federal funds purchased and other short-term borrowed funds, as well as longer-term debt issued through the capital markets, all provide supplemental liquidity sources. Deposits are attracted principally from clients within BB&T’s branch network through the offering of a selection of deposit instruments to individuals and businesses, including non-interest-bearing checking accounts, interest-bearing checking accounts, savings accounts, money rate savings accounts, investor deposit accounts, certificates of deposit and individual retirement accounts. In addition, the Company gathers a portion of its deposit base through wholesale funding products, which include negotiable certificates of deposit and Eurodollar deposits through the use of a Cayman branch facility. At December 31, 2007, these sources of deposits represented approximately 12% of BB&T’s total deposits.

The Company’s short-term borrowings include federal funds purchased, securities sold under repurchase agreements, master notes, short-term FHLB advances, the United States Treasury tax and loan depository note accounts and other short-term borrowings. BB&T also utilizes longer-term borrowings. Its long-term borrowings include long-term FHLB advances to Branch Bank; senior and subordinated debt issued by BB&T and Branch Bank, and junior subordinated debt underlying trust preferred securities and capital leases

Source: Page 11

COMPANY PROFILE

BP, plc (BP) Web Site: http://www.bp.com

BP p.l.c. (BP), incorporated in 1909, is a holding company. With effect from January 1, 2008, the Company operates in two business segments: Exploration and Production, and Refining and Marketing. A separate business, Alternative Energy, handles the Company’s low-carbon businesses and options outside oil and gas and is referred as Other Businesses and Corporate. Exploration and Production’s activities include oil and natural gas exploration, development and production (upstream activities), together with related pipeline, transportation and processing activities (midstream activities and the natural gas liquids (NGLs), liquefied natural gas (LNG) and gas, and power marketing and trading businesses. The activities of Refining and Marketing include the oil supply and trading, refining, marketing and transportation of crude oil, petroleum and chemical products. During the year ended December 31, 2007, BP acquired Chevron’s Netherlands manufacturing company, Texaco Raffiniderij Pernis B.V. In April 2008, BP registered in Russia its subsidiary BP Exploration Services.

Refining and Marketing

The Company’s Refining and Marketing business is responsible for the supply and trading, refining, manufacturing, marketing and transportation of crude oil, petroleum and chemicals products to wholesale and retail customers. BP markets its products in more than 100 countries. It operates primarily in Europe and North America but also manufacture and markets its products across Australasia and in parts of Asia, Africa and Central and South America. The Refining and Marketing segment includes Refining, Fuels Marketing, Lubricants and Aromatics and Acetyls. Its marketing consists of three business areas: Fuels marketing, Lubricants and Aromatics and Acetyls. It markets a range of refined products, including gasoline, gasoil, marine and aviation fuels, heating fuels, LPG, lubricants and bitumen. It also manufactures and market purified terephthalic acid (PTA), paraxylene (PX) and acetic acid through its Aromatics and Acetyls business.

The liquid petroleum gas (LPG) business sells bulk, bottled, automotive and wholesale LPG products to a wide range of customers in 14 countries. The Company manufactures and markets lubricants products and also supplies related products and services to business customers and end-consumers in more than 60 countries directly and worldwide through local distributors. The Aromatics and Acetyls business manufactures and markets three products lines: PTA, PX and acetic acid.

In the United States the Company markets under the Amoco and BP brands in the Midwest, East and Southeast and under the ARCO brand on the West Coast, and under the BP and Aral brands in Europe. BP has established supply and trading activity responsible for delivering the crude and oil products supply chain. BP’s Aromatics and Acetyls business maintains a manufacturing position globally, with emphasis on growth in Asia. BP also has businesses elsewhere in the world under the BP and Castrol brands, including a global lubricants portfolio and other business-to-business marketing businesses (aviation and marine) covering the mobility sectors.

Exploration and Production

The Company’s Exploration and Production segment includes upstream and midstream activities in 29 countries, including United States, United Kingdom, Angola, Azerbaijan, Canada, Egypt, Russia, Trinidad and Tobago (Trinidad) and locations within Asia Pacific, Latin America, North Africa and the Middle East. Upstream activities involve oil and natural gas exploration and field development and production. Its exploration programme is focused around the deepwater Gulf of Mexico, Algeria, Angola, Azerbaijan, Egypt and Russia. Major development areas include the deepwater Gulf of Mexico, Azerbaijan, Algeria, Angola, Egypt and Asia Pacific. During 2007, production came from 22 countries. The principal areas of production are Russia, United States, Trinidad, United Kingdom, Latin America, the Middle East, Asia Pacific, Azerbaijan, Angola and Egypt.

Midstream activities involve the ownership and management of crude oil and natural gas pipelines, processing and export terminals and liquefied natural gas (LNG) processing facilities and transportation. Further LNG businesses with BP involvement are being built up in Egypt and Angola. The Company oil and gas production assets are located onshore or offshore and include wells, gathering centers, in-field flow lines, processing facilities, storage facilities, offshore platforms, export systems, pipelines and LNG plant facilities.

Source: Page 12

COMPANY PROFILE

Cisco Systems, Inc. (CSCO) Web Site: http://www.cisco.com/

Cisco Systems, Inc., incorporated in December 1984, designs, manufactures and sells Internet protocol (IP)-based networking and other products related to the communications and information technology (IT) industry, and provides services associated with these products and their use. The Company provides a line of products for transporting data, voice, and video within buildings, across campuses, and around the world. Its products are designed to transform how people connect, communicate and collaborate. Cisco Systems, Inc.’s products, which include primarily routers, switches, and products that the Company refers to as its technologies, are installed at enterprises, public institutions, telecommunications companies, commercial businesses and personal residences. Cisco Systems, Inc. conducts its business globally and is managed geographically in five segments: the United States and Canada, European Markets, Emerging Markets, Asia Pacific and Japan. The Emerging Markets theater consists of Eastern Europe, Latin America, the Middle East and Africa, and Russia and the Commonwealth of Independent States (CIS). In September 2008, Cisco Systems, Inc. completed its purchase of PostPath, Inc., a provider of e-mail and calendaring software. In November 2008, the Company acquired Jabber Inc., a provider of presence and messaging software.

The Company’s product offerings fall into three categories: its core technologies, routing and switching; technologies, and other products. In addition to its product offerings, the Company provides a range of service offerings, including technical support services and advanced services. Cisco Systems, Inc.’s customer base spans all types of public and private agencies and businesses, comprising enterprise companies, service providers, commercial customers and consumers.

Routing

Routing technology is the foundation of an IP network. Routers interconnect IP networks, moving information, such as data, voice, and video from one network to another across metropolitan-area networks (MANs) and wide-area networks (WANs). The Company offers a range of routers, from core network infrastructure for service providers and businesses to access routers for the service-rich branch office to home network deployments for telecommuters and consumers. During the fiscal year ended July 26, 2008 (fiscal 2008), the Company introduced the Cisco ASR 1000 Series Aggregation Services Routers.

Switching

Switching is another integral networking technology used in campuses, branch offices, and data centers to build local-area networks (LANs), across cities to build MANs, and across distances to build WANs. The Company’s switching products connect and forward packets at the data-link layer in the network, and process data at the network layer. They offer many forms of connectivity to end users, workstations, IP phones, access points, and servers, and function as aggregators on LANs, MANs and WANs. Its systems employ used technologies, including Ethernet, Gigabit Ethernet, 10 Gigabit Ethernet, Power over Ethernet, Asynchronous Transfer Mode, Packet over Synchronous Optical Network and Multiprotocol Label Switching. During fiscal 2008, the Company announced the Cisco Nexus 7000 and 5000 Series of data center-class switches.

Technologies

Cisco Application Networking Services is a portfolio of application networking solutions to enable the secure delivery of applications within data centers and across WANs to remote and branch-office users. Home networking products connect different devices in the household, through wired or wireless connections, allowing users to share Internet access, printers, music, movies, and games throughout the home. The Company’s products include voice and data modems, routers, network cards, media adapters, Internet video cameras, network storage, universal serial bus (USB) adapters, and other products that enable customers to share an Internet connection or move digital content around their homes or small-office environments. These products are sold through select retailers, value-added resellers, online retailers and service providers worldwide. Cisco security solutions include a range of information security products and services designed to protect critical information systems from unauthorized use; defend against attack, and minimize the effect of Internet-borne worms, spam, viruses, and other malware.

Source: Page 13

COMPANY PROFILE

Cisco Systems, Inc. provides storage area networking products that deliver multilayer, scalable, and secure connectivity between servers and storage systems, including products, such as storage arrays and tape drives. The Company’s products incorporate intelligent network features, such as network security, traffic management, virtualization, and tools that are designed to help make storing, retrieving, and protecting critical data across distributed environments efficient. Cisco Unified Communications integrate voice, video, data, and mobile applications on fixed and mobile networks, delivering a media-rich collaboration experience to the workspace. Specific products include IP phones, client software, servers, and network appliances supporting call control, contact centers, messaging, conferencing, voice mobility, and collaboration, including presence and preference information. Its video systems consist primarily of digital set-top boxes and digital media technology products. The Company offers a variety of in-building and outdoor wireless networking products. These products include access points, wireless LAN controllers, wireless integrated switches and routers, wireless management software, wireless LAN clients and client software, bridges, antennas and accessories.

Other Products

The Company’s other products consist primarily of optical networking products, cable access, and service provider voice-over-IP (VoIP) services. Cisco Systems, Inc. provides optical networking products for both the enterprise and service provider markets. It markets and sells analog and digital optoelectronics, which may reside in a network operator’s headend, in other facilities, such as distribution hubs, and in optical nodes. The Company’s other products also include such technologies as Cisco TelePresence systems, physical security, and digital media products.

The Company competes with Alcatel-Lucent, ARRIS Group, Inc., Aruba Networks, Inc., Avaya Inc., Belden CDT Inc., Brocade Communications Systems, Inc., Check Point Software Technologies Ltd., D-Link Corporation, LM Ericsson Telephone Company, Extreme Networks, Inc., F5 Networks, Inc., Force10 Networks, Inc., Fortinet Inc., Foundry Networks Inc., Hewlett-Packard Company, Huawei Technologies Co., Ltd, International Business Machines Corporation, Juniper Networks, Inc., Meru Networks, Inc., Microsoft Corporation; Motorola, Inc., NETGEAR, Inc., Nortel Networks Corporation, Riverbed Technology, Inc. and Symantec Corporation.

Source: Page 14

COMPANY PROFILE

Cognizant Technology Solutions Corp. (CTSH) Web Site: http://www.cognizant.com/

Cognizant Technology Solutions Corporation (Cognizant) is a provider of custom information technology (IT) consulting and technology services, as well as outsourcing services for Global 2000 companies located in North America, Europe and Asia. The Company’s core services include technology strategy consulting; complex systems development; enterprise software package implementation and maintenance; data warehousing and business intelligence; application testing; application maintenance; infrastructure management, and vertically-oriented business process outsourcing (V-BPO). Cognizant tailor its services to specific industries, and utilizes an integrated on-site/offshore business model. The Company operates in four business segments: Financial Services, Healthcare, Manufacturing/Retail/Logistics and Other.

Financial Services

During the year ended December 31, 2007, the Company’s Financial Services business segment represented approximately 47% of its total revenues. This business segment provides services to its customers operating in the industries, such as capital markets, banking and insurance. Cognizant focuses on the needs of broker / dealers, asset management firms, depositories, clearing organizations and exchanges. The Company focuses on traditional retail and commercial banks, and diversified financial enterprises. Cognizant assists these clients in such areas as consumer lending, cards and payments, wholesale banking, risk management, investment management, corporate services and retail banking. It assists with the needs of property and casualty insurers, life insurers, reinsurance firms and insurance brokers. The Company focuses on such areas as business acquisition, policy administration, claims processing, management reporting, regulatory compliance and reinsurance.

Healthcare

During 2007, Cognizant’s Healthcare business segment represented approximately 24% of its total revenues. This business segment provides services to its customers operating in following industries, including healthcare and life sciences. The Company’s healthcare service teams focus on the industry solutions, such as broker compensation, sales and underwriting systems, provider management, plan sponsor administration, electronic enrollment, membership, billing, claims processing, medical management and pharmacy benefit management. Some of Cognizant’s life sciences solutions include Prescriber behavior analysis and insight, longitudinal prescription data management systems, sales force compensation systems, sales data and claims data management systems, clinical trial solutions, 21CFR11 assessment and computer systems validation, data mining and business intelligence solutions, e-business and data portals, and enterprise resource planning (ERP) implementation, upgrade, and maintenance services.

Manufacturing / Retail / Logistics

During 2007, the Company’s Manufacturing, Logistics and Retail business segment represented approximately 15% of its total revenues. This business segment services customers in industry groups, such as manufacturing and logistics, and retail. Some of its manufacturing and logistics solutions include supply chain management, warehouse and yard management, waste management, transportation management, optimization, portals and ERP solutions. Cognizant serves a range of retailers and distributors, including supermarkets, specialty premium retailers and mass-merchandise discounters.

Other

The Other reportable business segment is an aggregation of operating segments, which individually, are less than 10% of consolidated revenues and segment operating profit. The Other business segment includes communications, media and information services, and high technology operating segments.

The Company competes with Infosys Technologies, Tata Consultancy Services, WIPRO, Accenture, Computer Sciences Corporation, Electronic Data Systems and IBM Global Services.

Source: Page 15

COMPANY PROFILE

CVS Caremark Corp. (CVS) Web Site: http://www.cvs.com/

CVS Caremark Corporation (CVS Caremark) is a provider of prescriptions and related healthcare services in the United States. The Company fills or manages more than one billion prescriptions annually. As a fully integrated pharmacy services company, CVS Caremark drives value for its customers by managing pharmaceutical costs and improving healthcare outcomes through its approximately 6,200 CVS/pharmacy retail stores; CVS Caremark’s pharmacy benefit management, mail order and specialty pharmacy division, Caremark Pharmacy Services; its retail- based health clinic subsidiary, MinuteClinic, and the Company’s online pharmacy, CVS.com. Effective March 22, 2007, the Company closed its merger with Caremark Rx, Inc. (Caremark). Following the Caremark Merger, the Company changed its name to CVS Caremark Corporation. CVS Caremark operates two business segments: Retail Pharmacy and Pharmacy Services. As of October 16, 2008, CVS Caremark had acquired approximately 77.55% interest in Longs Drug Stores Corporation.

Retail Pharmacy Segment

As of December 29, 2007, the Retail Pharmacy Segment included 6,245 retail drugstores, of which 6,164 operated a pharmacy, the Company’s online retail Website, CVS.com and its retail healthcare clinics. The retail drugstores are located in 40 states and the District of Columbia operating under the CVS or CVS/pharmacy names. CVS/pharmacy stores sell prescription drugs and an assortment of general merchandise, including over-the-counter drugs, beauty products and cosmetics, photo finishing, seasonal merchandise, greeting cards and convenience foods, which it refers to as front store products. During the fiscal year ended December 29, 2007 (fiscal 2007), CVS Caremark filled approximately 528 million retail prescriptions, or approximately 17% of the United States retail pharmacy market. As of December 29, 2007, the Company operated 462 retail healthcare clinics in 25 states under the MinuteClinic name, of which 437 are located within CVS retail drugstores.

Pharmacy revenues represented 67.8% of Retail Pharmacy revenues in fiscal 2007. The Company carries over 2,100 CVS brand products, which accounted for approximately 14% of its front store revenues during fiscal 2007. CVS Caremark’s store development program focuses on three areas: entering new markets, adding stores within existing markets and relocating stores to convenient, freestanding sites. During fiscal 2007, the Company opened 139 new stores, relocated 136 stores and closed 44 stores.

Pharmacy Services Segment

The Pharmacy Services business provides a range of prescription benefit management (PBM) services, including mail order pharmacy services, specialty pharmacy services, plan design and administration, formulary management and claims processing. The Company’s customers are primarily employers, insurance companies, unions, government employee groups, managed care organizations and other sponsors of health benefit plans and individuals throughout the United States. In addition, through its SilverScript Insurance Company (SilverScript) subsidiary, CVS Caremark is a national provider of drug benefits to eligible beneficiaries under the Federal Government’s Medicare Part D program. The Company’s specialty pharmacies support individuals that require drug therapies. Its pharmacy services business operates a national retail pharmacy network with over 60,000 participating pharmacies (including CVS/pharmacy stores). CVS Caremark also provides health management programs, which include integrated disease management for 27 conditions through its Accordant health management offering. The pharmacy services business operates under the Caremark Pharmacy Services, PharmaCare Management Services and PharmaCare Pharmacy names. As of December 29, 2007, the Pharmacy Services segment operated 56 retail specialty pharmacy stores, 20 specialty mail order pharmacies and nine mail service pharmacies located in 26 states and the District of Columbia.

CVS Caremark operates nine automated mail service pharmacies in the continental United States. The Company’s customers or their physicians submit prescriptions, primarily for maintenance medications, to these pharmacies via mail, telephone, fax or the Internet. It also operates a network of 20 mail service specialty pharmacies located throughout the United States and used for delivery of medications to individuals with chronic or genetic diseases and disorders. The Company also operates a limited number of CareCenter pharmacies located at client sites, which provide participants with an alternative for filling their prescriptions. Its retail pharmacy program allows customers to fill prescriptions at more than 60,000 pharmacies nationwide (including CVS/pharmacy stores). Source: Page 16

COMPANY PROFILE

Dominion Resources, Inc. (D) Web Site: http://www.dom.com/

Dominion Resources, Inc. (Dominion), incorporated in 1983, is a producer and transporter of energy. The Company’s portfolio of assets includes approximately 26,500 megawatts of generation, 6,000 miles of electric transmission lines, 55,000 miles of electric distribution lines in Virginia and North Carolina, 14,000 miles of natural gas transmission, gathering and storage pipeline, 28,000 miles of gas distribution pipeline, exclusive of service lines of two inches in diameter or less, and 1.1 trillion cubic feet equivalent of natural gas and oil reserves. Dominion also owns the underground natural gas storage system and operates over 975 billion cubic feet of storage capacity and serves retail energy customers in eleven states. The Company operates in three segments: Dominion Virginia Power (DVP), Dominion Generation and Dominion Energy.

On June 30, 2007, it merged its wholly owned subsidiary, Consolidated Natural Gas Company (CNG) with its holding company, Dominion. As a result of the merger, all of CNG’s subsidiaries became direct subsidiaries of Dominion. During the year ended December 31, 2007, it completed the sale of its non-Appalachian natural gas and oil exploration and production (E&P) operations. In September 2007, the Company sold its Dresden Energy electric generation facility to AEP Generating Company, a subsidiary of American Electric Power. In August 2007, Linn Energy, LLC acquired certain oil and gas properties in the Mid Continent from Dominion.

In June 2007, the Company sold its Canadian natural gas, and oil exploration and production operations. The Canadian operations were sold to Paramount Energy Trust and Baytex Energy Trust. In July 2007, Dominion announced that it has closed the sale of its remaining offshore Gulf of Mexico natural gas and oil exploration, and production operations to Eni Petroleum Co. Inc. In July 2007, the Company completed the merger of its wholly owned subsidiary, Consolidated Natural Gas Company, into the parent holding company, Dominion. In July 2007, XTO Energy Inc. acquired natural gas and oil properties from the Company. In July 2007, Loews Corp.'s wholly owned subsidiary, HighMount Exploration & Production LLC, has completed its previously announced acquisition of natural gas exploration and production assets from the Company.

The Company’s principal subsidiaries are Virginia Electric and Power Company (Virginia Power), Dominion Energy, Inc. (DEI), Dominion Transmission, Inc. (DTI), Virginia Power Energy Marketing, Inc. (VPEM), Dominion Exploration and Production, Inc. (DEPI) and The East Ohio Gas Company (Dominion East Ohio). Virginia Power generates, transmits and distributes electricity for sale in Virginia and northeastern North Carolina. As of December 31, 2007, Virginia Power served approximately 2.4 million retail customer accounts, including governmental agencies, as well as, wholesale customers such as rural electric cooperatives and municipalities.

DEI is involved in merchant generation, energy marketing and price risk management activities and natural gas and oil exploration and production in the Appalachian basin of the United States DTI operates a regulated interstate natural gas transmission pipeline and underground storage system in the Northeast, mid-Atlantic and Midwest states and is engaged in the production, gathering and extraction of natural gas in the Appalachian basin. VPEM provides fuel, gas supply management and price risk management services to other Dominion affiliates and engages in energy trading activities. DEPI explores for, develops and produces gas and oil in the Appalachian basin of the United States.

As of December 31, 2007, the Company regulated gas distribution subsidiaries, Dominion East Ohio, Peoples Natural Gas Company (Peoples) and Hope Gas, Inc. (Hope), served approximately 1.7 million residential, commercial and industrial gas sales and transportation customer accounts in Ohio, Pennsylvania and West Virginia. Of these customers, approximately 500,000 are served by Peoples and Hope, which are held for sale as discussed in Dispositions under Significant Developments. It also operates a liquefied natural gas (LNG) import and storage facility in Maryland. Its producer services operations involve the aggregation of natural gas supply and related wholesale activities. It also has non-regulated retail energy marketing operations that include the marketing of gas, electricity and related products and services to residential and small commercial customers. As of December 31, 2007, the Company’s retail energy marketing businesses served approximately 1.6 million residential and commercial customer accounts in the Northeast, mid-Atlantic and Midwest regions of the United States.

Source: Page 17

COMPANY PROFILE

DVP

DVP includes the Company’s regulated electric transmission, distribution and customer service operations, as well as its non-regulated retail energy marketing operations. Its electric transmission and distribution operations serve residential, commercial, industrial and governmental customers in Virginia and northeastern North Carolina. DVP has approximately 6,000 miles of electric transmission lines of 69 kilovolt or more located in the states of North Carolina, Virginia and West Virginia. In addition, DVP’s electric distribution network includes approximately 55,000 miles of distribution lines, exclusive of service level lines, in Virginia and North Carolina.

Dominion Energy

Dominion Energy includes the Company’s Ohio regulated natural gas distribution company, regulated gas transmission pipeline and storage operations, regulated LNG operations and its Appalachian natural gas E&P business. Dominion Energy also includes its producer services business, which aggregates gas supply, provides market-based services related to gas transportation and storage and engages in associated gas trading and marketing. The gas transmission pipeline and storage business serves Dominion’s gas distribution businesses and other customers in the Northeast, mid-Atlantic and Midwest. Its gas distribution operations serve residential, commercial and industrial gas sales and transportation customers in Ohio. Dominion Energy’s gas distribution network is located in the state of Ohio. This network involves approximately 18,500 miles of pipe. Dominion Energy has approximately 10,300 miles of gas transmission, gathering and storage pipelines located in the states of Maryland, New York, Ohio, Pennsylvania,

Dominion Energy operates 20 underground gas storage fields located in New York, Ohio, Pennsylvania and West Virginia, with more than 2,000 storage wells and approximately 343,000 acres of operated leaseholds. Dominion Energy also owns about 1.1 trillion cubic feet of natural gas and oil reserves and produces approximately 124 million cubic feet equivalent of natural gas and oil per day from its leasehold acreage and facility investments in Appalachia.

Dominion Generation

Dominion Generation includes the generation operations of the Company’s merchant fleet and regulated electric utility, as well as energy marketing and price risk management activities for its generation assets. Its generation mix is diversified and includes coal, nuclear, gas, oil, renewables and purchased power. The generation facilities of its electric utility fleet are located in Virginia, West Virginia and North Carolina.

Source: Page 18

COMPANY PROFILE

Emerson Electric Co. (EMR) Web Site: http://www.gotoemerson.com/

Emerson Electric Co. (Emerson) incorporated in 1890, is a global technology company. The Company is engaged in designing, designing and supplying product technology and delivering engineering services in a range of industrial, commercial and consumer markets globally. The Company operates in four business segments: Process Management, providing measurement, control and diagnostic capabilities for automated industrial processes producing items, such as foods, fuels, medicines and power; Industrial Automation, bringing integrated manufacturing solutions to industries globally; Network Power, providing power and environmental conditioning to telecommunication systems, data networks and critical business applications; Climate Technologies, enhancing household and commercial comfort, as well as food safety and energy efficiency through air-conditioning and refrigeration technology, and Appliance and Tools, providing designed motors for a range of applications, appliances and integrated appliance solutions. In March 2008, Emerson completed the acquisition of Aperture Technologies Inc.

Process Management

The Process Management segment offers customers product technology, as well as engineering and project management services for precision control, monitoring and asset optimization of plants that produce power or that process or treat such items as oil, natural gas and petrochemicals; food and beverages; pulp and paper; pharmaceuticals; and municipal water supplies. The range of products and services helps customers optimize their process plant capabilities in the areas of plant safety and reliability and output.

Emerson’s Process Management systems and software control plant processes by collecting and analyzing information from measurement devices in the plant, and by using that information to adjust valves, pumps, motors, drives and other control hardware in the plant for maximum product quality and process efficiency. Emerson’s process control systems can be extended wirelessly to support a mobile workforce with handheld tools/communicators, provide site-wide location tracking of people and assets, enable video monitoring and communicate with wireless field devices, increasing the information available to operations.

Measurement instrumentation measures the physical properties of liquids or gases in a process stream, such as pressure, temperature, level, or rate and amount of flow, and communicates this information to the control system. Measurement technologies provided by Emerson include Coriolis direct mass flow, magnetic flow, vortex flow, ultrasonic flow, differential pressure, ultralow-flow fluid measurement, temperature sensors and radar based tank gauging. Emerson measurement products also are used in custody transfer applications, such as the transfer of gasoline from a storage tank to a tanker truck, where precise metering of the amount of fluid transferred helps ensure accurate asset management.

Analytical instrumentation analyzes the chemical composition of process fluids and emissions to improve quality and efficiency, as well as environmental compliance. Emerson’s analytical technologies include process gas chromatographs, in-situ oxygen analyzers, infrared gas and process fluid analyzers, combustion analyzers and systems, and analyzers that measure pH, conductivity and water quality.

Emerson also provides these same technologies with wireless communication capability. This allows customers to monitor processes or equipment that were previously not measurable (remote, moving/rotating) or not economical to measure due to the cost and difficulty of running wires in industrial process plants.

Control valves respond to commands from the control system by continuously and precisely modulating the flow of process fluids to provide process efficiency and product quality. Emerson provides sliding stem valves, rotary valves, butterfly valves and related valve actuators and controllers. Emerson also provides a line of industrial and residential regulators, whose function is to reduce the pressure of fluids, such as natural gas and liquid petroleum gas for transfer from high-pressure supply lines to lower pressure systems.

Emerson’s PlantWeb digital plant architecture combines the technologies described above with the advantages of intelligent plant devices (valves and measurement instruments that have advanced diagnostic capabilities), open

Source: Page 19

COMPANY PROFILE communication standards (non-proprietary wired and wireless digital protocols allowing the plant devices and the control system to talk with one another) and integrated modular software, not only to control the process better but also to collect and analyze valuable information about plant assets and processes. This capability gives customers the ability to detect or predict changes in equipment and process performance and the impact they can have on plant operations. The PlantWeb architecture provides the insight to improve plant availability and safety, and also furnishes a platform to continually improve asset management and standards compliance, and to reduce startup, operations and maintenance costs.

Emerson’s range of process automation and asset optimization services improve automation project implementation time and costs, improve process availability and productivity, and reduce total cost of ownership. These centers serve industries, such as oil and gas, pulp and paper, chemical, power, food and beverage, and life sciences.

Industrial Automation

The Industrial Automation segment provides integrated manufacturing solutions to the customers at the source of manufacturing their own products. The products include motors, transmissions, alternators, fluid controls and materials joining equipment.

Emerson provides a range of drives and electric motors that are used in a range of manufacturing operations and products, from production assembly lines to escalators in shopping malls or supermarket checkout stations. Products in this category include alternating current (AC) and direct current (DC) electronic variable speed drives, servo motors, pump motors, drive control systems, integral horsepower motors (1 HP and above), fractional horsepower motors (less than 1 HP) and gear drives.

Emerson’s power transmission products include belt and chain drives, helical and worm gearing, gear motors, motor sheaves, pulleys, mounted and unmounted bearings, couplings, chains and sprockets. They are used to transmit power mechanically in a range of manufacturing and material handling operations and products. The design and application experience enables the Company to provide both standard and customized automation and power transmission solutions to the customers.

Emerson provides alternators (low, medium and high voltage) for use in diesel or gas powered generator sets, as well as high frequency alternators, AC motor/generator sets, traction generators and wind power generators. The products in the fluid power and fluid control category includes control and power the flow of fluids (liquids and gases) in manufacturing operations such as automobile assembly, food processing, textile manufacturing and petrochemical processing. They include solenoid and pneumatic valves, valve position indicators, pneumatic cylinders, air preparation equipment, and pressure, vacuum and temperature switches.

Emerson supplies both plastics joining technologies and equipment, and metal welding and joining processes to the manufacturing customer base, including automotive, medical devices and toys. It also provides precision cleaning and liquid processing solutions to industrial and commercial manufacturers. The products include ultrasonic joining and cleaning equipment, linear and orbital vibration welding equipment, systems for hot plate welding, spin welding, and laser welding, and aqueous, semi-aqueous and vapor cleaning systems.

Emerson’s-owned EGS Electrical Group joint venture with SPX Corporation manufactures a range of components for current- and noncurrent-carrying electrical distribution devices. The products include conduit and cable fittings, plugs and receptacles, industrial lighting, and enclosures and controls. Products in this category are used in hazardous, industrial, commercial and construction environments, such as oil and gas drilling and production sites, pulp and paper mills and petrochemical plants. The service/trademarks and trade names within the Industrial Automation segment include Emerson Industrial Automation, Appleton, ASCO, ASCO Joucomatic, Branson Ultrasonics, Browning, Control Techniques, Emerson Power Transmission, Kato Engineering, Kop-Flex, Leroy Somer, McGill, Morse, Numatics and O-Z/Gedney.

Network Power

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COMPANY PROFILE

Emerson’s Network Power segment designs, manufactures, installs and maintains products providing grid to chip electric power conditioning, power reliability and environmental control for telecommunications networks, data centers and other critical applications. The products in this segment include power systems, embedded power supplies, precision cooling and inbound power systems, along with 24-hour service.

Emerson supplies uninterruptible AC and DC power systems, which provide reliable, conditioned power to telecommunication networks, data centers and other critical equipment in the event of a blackout or line surges and spikes. Power Systems’ products range from stand-alone units to complete systems incorporating rectifiers, distribution units, surge protection, batteries and system supervision.

Embedded power supplies are installed by original equipment manufacturers to convert or condition power for microprocessors and peripherals in a wide range of telecommunication, health care, computer and industrial applications using standard or custom AC/DC or DC/DC designs. They are also used in consumer products, in the form of power adaptors for ink jet printers and in chargers for mobile phones.

Embedded Computing designs and develops embedded computer systems for original equipment manufacturers and systems integrators serving telecommunications, defense, aerospace, medical and industrial automation end markets. Products range from communication platforms, blades and modules to enabling software and professional services.

Emerson’s precision cooling products provide temperature and humidity control for computers, telecommunications and other sensitive equipment. These products range from 14,000 to 4 million British thermal units (BTUs) in capacity and are available in up flow, down flow and overhead configurations.

Emerson inbound power technology provides reliable power systems which automatically transfer critical application loads from a utility to emergency backup generators in the event of a blackout or brownout. Products include automatic transfer switches, paralleling and synchronizing gear and related distribution equipment and control systems.

Emerson’s connectivity products serve the needs of the wireless communications, telephony and data network, CATV, defense, security systems and health care industries and other industrial customers globally with a range of radio frequency, microwave and fiber optic interconnect components and assemblies. The service/trademarks and trade names within the Network Power segment include Emerson Network Power, Aperture, Artesyn, ASCO Power Technologies, Astec, Engineered Endeavors, Knürr, Liebert, Liebert Services, Netsure, Netspan, Semflex, Stratos and Trompeter.

Climate Technologies

The Climate Technologies segment provides products and services for all areas of the climate control industry, including residential, commercial and industrial heating and air conditioning, and commercial refrigeration. The technology enables homeowners and businesses to better manage their heating, air- conditioning, and refrigeration systems for improved control and lower energy bills. This segment also digitally controls and remotely monitors refrigeration units in grocery stores and other food distribution outlets to improve freshness and food safety.

Emerson provides a range of heating and air-conditioning products that help reduce operational and energy costs and create comfortable environments in all types of buildings. These products include reciprocating and scroll air- conditioning compressors, including an ultra-efficient residential scroll compressor with two stages of cooling capacity which runs at full capacity only during the hottest time periods; standard and programmable thermostats; monitoring equipment and electronic controls for gas and electric heating systems; gas valves for furnaces and water heaters; nitride ignition systems for furnaces; sensors and thermistors for home appliances; and temperature sensors and controls.

Emerson’s technology is incorporated into equipment to refrigerate food and beverages in supermarkets, convenience stores, food service operations and refrigerated trucks and transport containers. The refrigeration

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COMPANY PROFILE products are also used in industrial applications, such as environmental test chambers, and in medical applications, such as magnetic resonance imaging (MRI) machines. These products include compressors; precision flow controls; system diagnostics and controls that provide precise temperature management; and environmental control systems. The service/trademarks and trade names within the Climate Technologies segment include Emerson Climate Technologies, Alco Controls, Clive Samuels & Associates, Computer Process Controls, Copeland, Design Services Network, Emerson Climate Technologies Distribution Services, Emerson Climate Technologies Educational Services, Emerson Climate Technologies Flow Controls, Emerson Climate Technologies Retail Services, Fusite, Therm-O-Disc and White-Rodgers.

Appliance and Tools

Emerson’s Appliance and Tools segment includes a range of products and solutions in motors, appliances and components, tools and storage. Emerson provides a range of electric motors, controls and assemblies from fractional to several thousand horsepower output. The products are designed to give the customers the quality, reliability, and energy efficiency needed in their specific applications. Emerson’s electric motors are used in a range of home appliances. They include variable, fixed and multi-speed motors used in horizontal and vertical axis washers, dryers, and dishwashers. The motors are also used in residential and commercial pumps, such as those provided in spas, pools and golf course irrigation equipment; in heating, ventilation and air conditioning (HVAC) equipment, such as furnaces, compressors, condenser fans, heat pumps, cooling towers and commercial air handlers; and in industrial, farming and mining applications, where products, such as explosion-proof motors, paint- free washdown motors and industrial severe duty motors are offered.

Emerson provides a number of appliances and appliance technology solutions, ranging from water valves and controls to heating elements and switches. The appliance offering includes residential and commercial garbage disposers and ceiling fans, instant hot-water dispensers, and compact electric water heaters. The appliance solutions provide integrated systems, sub-systems and components for appliances that include electronic and electromechanical controls for washers, dryers, dishwashers, refrigerators and other home appliances, as well as heating elements for dishwashers, electric ovens and water heaters.

The pipe-working tools are used by plumbing and mechanical professionals to install and repair piping systems. These tools include pipe wrenches, pipe cutters, pipe threading and roll grooving equipment; a time-saving system that joins tubing through mechanical crimping; drain cleaners; diagnostic systems including closed-circuit television pipe inspection and locating equipment; and tubing tools. Other professional tools include water jetters, wet-dry vacuums, rolling storage boxes, truck work boxes, bolt cutters, and van and truck ladder racks. Do-it-yourself tools, available at home improvement retail outlets, include drain cleaning equipment, pipe and tube working tools, and wet-dry vacuums.

Emerson provides a range of freestanding, fixed and mobile storage products for residential, commercial, healthcare and food service applications. The products for the home include wall-mounted and freestanding shelving systems, cabinet and closet organizers, home office storage, and drawer systems and containers, available in wire, stainless steel and laminate. The storage solutions also help commercial customers utilize space in the efficient manner. These solutions include storage and display shelving, stock-picking and kitting carts, cabinets, totes, bins, workstations, and merchandising and inventory storage racks. Products provided to the healthcare industry assist in medical response and treatment; they include emergency and operating room carts, medication carts, polymer and wire shelving systems, and sterile worktables. The food service equipment helps meet the storage needs of the food service and hospitality industries, such as restaurants and hotels. This equipment includes polymer and wire storage systems, busing carts, pan and tray racks, transport carts and workstations.

The service/trademarks and trade names within the Appliance and Tools segment include Emerson Appliance Solutions, Emerson Heating Products, Emerson Motor Technologies, Emerson Professional Tools, Emerson Storage Solutions, ClosetMaid, Digital Appliance Controls, Emerson, Flo Healthcare, InSinkErator, Knaack, Lionville, Mallory, METRO, RIDGID, U.S. Electrical Motors and Weather Guard.

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COMPANY PROFILE

Express Scripts, Inc. (ESRX) Web Site: http://www.express-scripts.com/

Express Scripts, Inc., incorporated in September 1986, is a pharmacy benefit management (PBM) in North America. The Company provides a range of services to its clients, which include health maintenance organizations (HMOs), health insurers, third-party administrators, employers, union-sponsored benefit plans, workers’ compensation plans and government health programs. The Company operates in two segments: Pharmacy Benefit Management Services (PBM) and Specialty and Ancillary Services (SAAS). Its PBM services include retail network pharmacy management; retail drug card programs; home delivery pharmacy services; benefit design consultation; drug utilization review; specialty services; drug formulary management programs, and compliance and therapy management programs for its clients. SAAS segment consists of the specialty operations of CuraScript, Inc. (CuraScript), and its Specialty Distribution Services (SDS) and Phoenix Marketing Group LLC (PMG) lines of business. On October 10, 2007, Express Scripts, Inc. purchased Connect Your Care, LLC (CYC), a provider of consumer directed healthcare technology solutions to the employer, health plan and financial services markets.

Pharmacy Benefit Management Services

The Company’s PBM services involve the management of outpatient prescription drug use to foster pharmaceutical care. Express Scripts, Inc. offers its PBM services to the clients in the United States and Canada. During the year ended December 31, 2007, 80.2% of its revenues were derived by its PBM operations. As of December 31, 2007, Express Scripts, Inc. operated three home delivery pharmacies located in Maryland Heights, Missouri; Bensalem, Pennsylvania, and Tempe, Arizona. The Company offers consultation and financial modeling to assist its clients in selecting benefit plan designs that meet their needs for member satisfaction and cost control. The Company develops, manages and administers rebate programs that allow pharmaceutical manufactures to provide rebates and administrative fees based on utilization of their products by members of its clients’ benefit plans. Its electronic claims processing system enables the Company to implement intervention programs to assist in managing prescription drug utilization.

Specialty and Ancillary Services

Express Scripts, Inc.’s SAAS segment includes the specialty operations of CuraScript, and its SDS and PMG lines of business. Through its SAAS segment the Company provides specialty services, including delivery of injectible drugs to patient homes, physician offices and certain associated patient care services; distribution of pharmaceuticals and medical supplies to providers and clinics; third-party logistics services for contracted pharma clients, and bio-pharma services, including reimbursement and customized logistics solutions. The SAAS segment also includes distribution of specialty pharmaceuticals requiring special handling or packaging; distribution of pharmaceuticals to low-income patients through manufacturer-sponsored branded and Company-sponsored generic patient assistance programs, and distribution of sample units to physicians and verification of practitioner licensure. During 2007, 19.8% of its revenues were derived from SAAS services.

Express Scripts, Inc. offers health plan providers and their members customized disease-specific treatment programs, which cover both pharmacy and medical benefits. Through its CuraScriptSD business unit the Company provides distribution services primarily to office and clinic-based physicians treating chronic disease patients. Express Scripts, Inc. also provides a range of centralized supply chain services, which can include sampling programs, patient assistance programs, and clinical trial assistance, as well as specialized shipping and storage and customized dosing. The Company provides specialty distribution services, consisting of the distribution of, and creation of a database of information for, products requiring special handling or packaging, products targeted to a specific physician or patient population, and products distributed to low-income patients. Its services include eligibility, fulfillment, inventory, insurance verification/authorization and payment. Express Scripts, Inc. also administer sample card programs for certain manufacturers, where the ingredient costs of pharmaceuticals dispensed from retail pharmacies are included in revenues, as well as costs of revenues. These services are provided from its Maryland Heights, Missouri facility.

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COMPANY PROFILE

ExxonMobil Corporation (XOM) Web Site: http://www.exxonmobil.com/

Exxon Mobil Corporation (Exxon Mobil), incorporated in 1882, through its divisions and affiliates is engaged in exploration for, and production of, crude oil and natural gas, manufacture of petroleum products and transportation and sale of crude oil, natural gas and petroleum products. Exxon Mobil is a manufacturer and marketer of commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics and a range of specialty products. Exxon Mobil also has interests in electric power generation facilities. Affiliates of Exxon Mobil conduct research programs in support of these businesses. Exxon Mobil Corporation has several divisions and affiliates, many with names that include Exxon Mobil, Exxon, Esso or Mobil. The Company operates in three segments: Upstream, Downstream and Chemicals. In April 2008, Galp Energia SGPS S.A. has acquired Exxon Mobil Corporation's businesses in Spain and Portugal. In November 2008, Sunoco Logistics Partners L.P. completed the acquisition of the MagTex refined products pipeline system located in Texas, from affiliates of Exxon Mobil Corporation.

Exxon Mobil maintains a portfolio of development and exploration opportunities among the international oil companies. During the year ended December 31, 2007, West Africa, the Caspian, the Middle East and Russia accounted for approximately 38% of the Company's production. The remainder of the Company's production is expected to be sourced from established areas, including Europe, North America and Asia Pacific. Exxon Mobil has an ownership interest in 38 refineries, located in 21 countries, with distillation capacity of 6.3 million barrels per day and lubricant basestock manufacturing capacity of about 140 thousand barrels per day. Exxon Mobil's fuels and lubes marketing business portfolios include operations worldwide. Exxon Mobil supplies primary petrochemical products. The Company also has a diverse portfolio of less-cyclical business lines.

In 2007, Exxon Mobil's activities were conducted, either directly or through affiliated companies, by Exxon Mobil Exploration Company (for exploration), by Exxon Mobil Development Company (for large development activities), by Exxon Mobil Production Company (for producing and smaller development activities) and by Exxon Mobil Gas and Power Marketing Company (for gas marketing). Some of Exxon Mobil's exploration, development, production and gas marketing activities were also conducted in Canada by the Resources Division of Imperial Oil Limited, which is 69.6% owned by Exxon Mobil. As of December 31, 2007, a total of 45 million net acres were held and one net exploration wells were completed.

The Company's mining activities include Syncrude operations, a joint venture established to recover shallow deposits of oil sands using open-pit mining methods, to extract the crude bitumen and to produce synthetic crude oil. Syncrude has produced about 1.8 billion barrels of synthetic crude oil. Imperial Oil Limited is the owner of a 25% interest in the joint venture. Exxon Mobil Corporation has a 69.6% interest in Imperial Oil Limited. ExxonMobil's investment in developed and undeveloped acreage is comprised of numerous concessions, blocks and leases. The terms and conditions under, which the Company maintains exploration and/or production rights to the acreage are property-specific, contractually defined and vary significantly from property to property. The Company has exploration and production activities worldwide.

United States

As of December 31, 2007, Exxon Mobil's acreage totaled 10.7 million net acres, of which 2.1 million net acres were offshore. Exxon Mobil was active in areas onshore and offshore in the lower 48 states and in Alaska. During 2007, 459.7 net exploration and development wells were completed in the inland lower 48 states and four net development wells were completed offshore in the Pacific. Tight gas development continued in the Piceance Basin of Colorado and the Barnett Shale in Texas. Participation in Alaska production and development continued and a total of 16.7 net development wells were drilled. On Alaska’s North Slope, activity continued on the Western Region Development Project (primarily the Orion field) with development drilling and engineering design.

ExxonMobil’s net acreage in the Gulf of Mexico in 2007 was two million acres. A total of 6.2 net exploration and development wells were completed during 2007. The Golden Pass LNG regasification terminal in Texas is under construction.

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COMPANY PROFILE

Canada

In 2007, Exxon Mobil's acreage holdings totaled 7.3 million net acres, of which 3.3 million net acres were offshore. During 2007, a total of 373.8 net exploration and development wells were completed.

Europe

During 2007, a total of 3.1 million net onshore acres and 0.1 million net offshore acres were held by the Company with 5.2 net exploration and development wells drilled in Germany. In Netherlands, Exxon Mobil's interest in licenses totaled approximately 1.6 million net acres in 2007, of which 1.3 million acres were offshore. In 2007, a total of 3.8 net exploration and development wells were completed.

ExxonMobil’s net interest in licenses in 2007, totaled approximately 0.8 million acres, all offshore. ExxonMobil participated in 7.1 net exploration and development well completions in 2007. The Ormen Lange and Statfjord Late Life projects and the Njord Gas Export project started up in 2007. The Volve and Tyrihans projects are in progress.

Africa

In Angola, Exxon Mobil's acreage holdings totaled 0.7 million net offshore acres and 12 net exploration and development wells were completed during 2007. On Block 15, development drilling continued on Kizomba A and Kizomba B. The Marimba development project, which was a tie-back to the Kizomba A FPSO, started up in 2007. The Kizomba C Mondo project started up in January 2008. A block-wide 3D seismic acquisition program began in 2007. On the non-operated Block 17, the Rosa project started up in June 2007. The Pazflor project was approved in 2007. Production operations continue at Kizomba A, Kizomba B, Xikomba and the non-operated Girassol, Jasmim and Dalia fields. In 2007, ExxonMobil's acreage totaled 0.1 million net offshore acres in Cameroon.

Exxon Mobil's net acreage totaled 1.3 million offshore acres with 12.8 net exploration and development wells completed in Nigeria. Production was initiated from the Erha North Expansion area in December 2007. Construction continued on the ExxonMobil-operated East Area Natural Gas Liquids II project. A 3D seismic acquisition program was initiated to both enhance resolution of existing fields and target deeper formations.

Asia Pacific/Middle East

In 2007, Exxon Mobil's offshore acreage holdings totaled 2.4 million acres, 4.9 million net acres, 36 thousand acres, 0.5 million net offshore and 0.5 million net acres in Australia, Indonesia, Japan and Malaysia and Papua New Guinea, respectively. Exxon Mobil drilled a total of 9.3 and 3.5 net exploration and development wells in Australia and Malaysia respectively. Production and development activities continued on natural gas projects in Qatar.

In addition, Exxon Mobil's Al Khaleej Gas (AKG) Phase 1 project supplied pipeline gas to domestic industrial customers. During 2007, Qatar liquefied natural gas (LNG) capacity volume included 9.7 millions of metric tons per annum (MTA). Exxon Mobil's net acreage in the Republic of Yemen production sharing areas totaled 10 thousand acres onshore in 2007. Exxon Mobil's net onshore acreage in Thailand concessions totaled 21 thousand acres. Exxon Mobil's net acreage in the Abu Dhabi oil concession was 0.6 million acres, 0.4 million acres onshore and 0.2 million acres offshore. In 2007, 5.2 net development wells were completed.

Russia/ Caspian

During 2007, Exxon Mobil's net acreage, located in the Caspian Sea offshore of Azerbaijan, totaled 60 thousand acres and 0.9 net development wells were completed. Exxon Mobil's net acreage totaled 0.2 million acres onshore and 0.2 million acres offshore, with 0.9 net exploration and development wells completed in Kazakhastan. In Russia, the Company's Exxon Mobil's net acreage holdings at 2007 was 0.1 million acres, all offshore and a total of three net development wells were completed in the Chayvo field.

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COMPANY PROFILE

General Electric Company (GE) Web Site: http://www.ge.com/

General Electric Company (GE) is a diversified technology, media and financial services company. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and industrial products, it serves customers in more than 100 countries. In July 2008, the Company announced the organization of its business into four segments: GE Technology Infrastructure, GE energy infrastructure, GE Capital and Corporate Treasury and NBC Universal. In September 2008, the Company announced the sale of its Japanese consumer finance business to Shinsei Bank. In October 2008, the Company's GE Healthcare unit acquired Vital Signs, Inc.

In August 2008, GE Capital announced the completion of its acquisition of most of CitiCapital, Citigroup's North American commercial leasing and commercial equipment finance business. GE Capital's acquisition includes CitiCapital's Healthcare Finance, Private Label Equipment Finance Group, Material Handling, Franchise Finance, Construction Equipment Finance, Bankers Leasing Group businesses and CitiCapital Canada. In April 2008, GE Healthcare completed the acquisition of Whatman plc. On February 23, 2007, the Company acquired Vetco Gray, a supplier of drilling, completion and production equipment for onshore and subsea applications in oil and gas fields. On May 4, 2007, GE acquired Smiths Aerospace, a global aerospace systems and equipment company that provides airborne platform computing systems, power generation and distribution products, mechanical actuation products and landing gear, plus various engine components and a global customer services organization, from Smiths Group plc. In 2007, it acquired a controlling interest in Regency Energy Partners LP, a midstream master limited partnership engaged in the gathering, processing, transporting and marketing of natural gas and gas liquids. Other significant acquisitions made by the Company, during 2007, included Trustreet Properties, Inc.; Diskont und Kredit AG and Disko Leasing GmbH and ASL Auto Service-Leasing GmbH, the leasing businesses of KG Allgemeine Leasing GmbH & Co., and Sanyo Electric Credit Co., Ltd.

GE Technology Infrastructure

GE Technology Infrastructure is engaged in building healthcare, transportation and technology infrastructure. Its businesses include provision of healthcare, aviation, transportation and enterprise solutions.

GE Energy Infrastructure

GE Energy Infrastructure is engaged in the development, implementation and improvement of the products and technologies that harness resources. These resources include wind, oil, gas and water.

GE Capital

GE Capital offers an array of products and services aimed at enabling commercial businesses and consumers worldwide. Its services include commercial loans, operating leases, fleet management, financial programs, home loans, insurance, credit cards, personal loans and other financial services. GE Capital aggregates all the financial service businesses of GE, including commercial finance, GE Money and industry verticals (GECAS, Energy Financial Services).

Corporate Treasury and NBC Universal

Corporate Treasury and NBC Universal focus on the Company’s globalization and diversification. NBC Universal is a media and entertainment company, developing, producing and marketing film, television, news, sports and special events to a global audience.

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COMPANY PROFILE

Gilead Sciences (GILD) Web Site: http://www.gilead.com/

Gilead Sciences, Inc. (Gilead), incorporated on June 22, 1987, is a biopharmaceutical company that discovers, develops and commercializes therapeutics in areas of unmet medical need. The Company primarily focuses on the development and commercialization of human therapeutics for life threatening diseases. Gilead's products include Truvada (tenofovir disoproxil fumarate and emtricitabine), Viread, Atripla (efavirenz 600 milligram/emtricitabine 200 milligram/tenofovir disoproxil fumarate 300 milligram), Emtriva, Hepsera (adefovir dipivoxil), AmBisome (amphotericin B liposome for injection), Vistide (cidofovir injection) and Flolan (epoprostenol sodium). The Company receives royalties from other products, including Tamiflu (oseltamivir phosphate), Macugen (pegaptanib sodium injection) and DaunoXome (liposomal daunorubicin injection). Gilead has operations in North America, Europe and Australia. The Company has United States and international commercial sales operations, with marketing subsidiaries in Australia, Austria, Belgium, Canada, France, Germany, Greece, Ireland, Italy, the Netherlands, New Zealand, Portugal, Spain, Switzerland, Turkey, the United Kingdom and the United States.

In August 2006, the Company acquired Corus Pharma, Inc. (Corus), a company engaged in drug discovery related to respiratory and infectious diseases. In November 2006, Gilead acquired Myogen, Inc. (Myogen), a company engaged primarily in drug discovery related to cardiopulmonary disease and other cardiovascular disorders. In November 2006, the Company also acquired Raylo Chemicals Inc. (Raylo), a subsidiary of Germany-based specialty chemicals company Degussa AG. Raylo's operations encompassed custom manufacturing of active pharmaceutical ingredients and advanced intermediates for the pharmaceutical and biopharmaceutical industries. In June 2007, the United States Food and Drug Administration (FDA) granted approval of Letairis (ambrisentan) 5 milligram and 10 milligram tablets. Letairis is an endothelin receptor antagonist (ERA) indicated for the once-daily treatment of pulmonary arterial hypertension. In October 2007, Bristol-Myers Squibb Co. and Gilead Sciences, Inc. announced that Health Canada has approved ATRIPLA (efavirenz 600 milligram/emtricitabine 200 milligram/tenofovir disoproxil fumarate 300 milligram) for the treatment of human immunodeficiency virus (HIV)-1 infection in adults. ATRIPLA was developed through a joint venture partnership between Bristol-Myers Squibb Company and Gilead Sciences, Inc.

Corus's lead product candidate, aztreonam lysine for inhalation, is an inhaled antibiotic with activity against Gram- negative bacteria, including Pseudomonas aeruginosa, which can cause lung infections in patients with cystic fibrosis (CF). The Company completed enrollment in a second Phase III study in January 2007. In addition to aztreonam lysine, Gilead is exploring other inhaled compounds for the treatment of respiratory infections. Myogen's lead product candidate, ambrisentan, is an endothelin receptor antagonist for the potential treatment of pulmonary arterial hypertension (PAH). In December 2006, the Company filed a new drug application (NDA) with the United States Food and Drug Administration (FDA) for the treatment of PAH with ambrisentan. In February 2007, the FDA granted Gilead priority review status for the NDA for marketing approval of ambrisentan. Ambrisentan has been granted orphan drug status for the potential treatment of PAH in both the United States and the European Union. The Company has exclusive rights to ambrisentan in the United States while GlaxoSmithKline Inc. (GSK) holds exclusive rights to ambrisentan for all territories outside of the United States.

Truvada

Truvada (tenofovir disoproxil fumarate and emtricitabine) is an oral formulation dosed once a day as part of a combination therapy to treat human immunodeficiency virus (HIV) infection in adults. It is a fixed-dose combination of the Company's anti-HIV medications, Viread (tenofovir disoproxil fumarate) and Emtriva (emtricitabine). Gilead sells Truvada in the United States through the wholesale channel. The Company sells Truvada in the European Union, Australia, New Zealand and certain Latin American countries directly and through distributors. Gilead sells Truvada in Japan through its corporate partner, Japan Tobacco Inc. (Japan Tobacco).

Viread

Viread is an oral formulation of a nucleotide analogue reverse transcriptase inhibitor, dosed once a day as part of combination therapy to treat HIV infection in adults. The Company sells Viread in the United States through the wholesale channel. Gilead sells Viread in the European Union, Australia, New Zealand and certain Latin American countries directly and through distributors. The Company sells Viread in Japan through Japan Tobacco. In June 2007,

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COMPANY PROFILE

Gilead announced that Study 102, a Phase III clinical trial evaluating the Company's once-daily, anti-HIV drug Viread 300 milligram as a potential treatment for chronic HBV infection, met its primary efficacy endpoint.

Atripla

Atripla (efavirenz 600 milligram/emtricitabine 200 milligram/tenofovir disoproxil fumarate 300 milligram) is an oral formulation dosed once a day for the treatment of HIV infection in adults. Atripla is the first once-daily single tablet regimen for HIV intended as a standalone therapy or in combination with other antiretrovirals. It is a fixed-dose combination of Gilead's anti-HIV medications, Viread and Emtriva, and Bristol Myers-Squibb Company's Sustiva (efavirenz). Atripla is approved for commercial sale only in the United States. The Company sells Atripla through its joint venture with BMS, Bristol Myers-Squibb & Gilead Sciences, LLC, in the United States through the wholesale channel. The Sustiva component of Atripla is licensed to the joint venture by BMS. Gilead filed for marketing approval of Atripla in the European Union with BMS and Merck & Co., Inc. (Merck) in October 2006, through a three-way joint venture formed by the three companies.

Emtriva

Emtriva is an oral formulation of a nucleoside analogue reverse transcriptase inhibitor, dosed once a day as part of combination therapy to treat HIV infection in adults. In the United States and Europe, Emtriva is also approved as part of combination therapy to treat HIV infection in children. The Company sells Emtriva in the United States through the wholesale channel. Gilead sells Emtriva in the European Union, Australia, New Zealand and certain Latin American countries directly and through distributors. The Company sells Emtriva in Japan through Japan Tobacco.

Hepsera

Hepsera (adefovir dipivoxil) is an oral formulation of a nucleotide analogue hepatitis B virus (HBV) deoxyribonucleic acid (DNA) polymerase inhibitor, dosed once a day to treat chronic hepatitis B. Hepsera is approved for sale in the United States for the treatment of chronic hepatitis B in adults with evidence of active viral replication and either evidence of persistent elevations in serum aminotransferases or histologically active liver disease. Gilead sells Hepsera in the United States through the wholesale channel. The Company sells Hepsera in the European Union, Australia and New Zealand directly and through distributors. Gilead has licensed the rights to commercialize Hepsera solely for the treatment of hepatitis B in Asia, Latin America and certain other territories to GSK.

AmBisome

AmBisome (amphotericin B liposome for injection) is a liposomal formulation of amphotericin B, an antifungal agent to treat serious invasive fungal infections caused by various fungal species. The Company's corporate partner, Astellas Pharma, Inc. (Astellas), sells AmBisome in the United States and Canada. Gilead sells AmBisome in Europe, Australia and New Zealand directly. The Company also uses various distributors to sell AmBisome in Latin America, South America, Asia (other than Japan, where Dainippon Sumitomo Pharma Co., Ltd. handles distribution), India, the Mediterranean and the Middle East.

Vistide

Vistide (cidofovir injection) is an antiviral medication for the treatment of cytomegalovirus retinitis in patients with acquired immunodeficiency syndrome (AIDS). Vistide is approved for sale in the United States. The Company sells Vistide in the United States through the wholesale channel. In 25 countries outside the United States, Vistide is sold by Pfizer Inc. (Pfizer), which pays royalties to Gilead.

Flolan

Flolan (epoprostenol sodium) is an injected medication for the long-term intravenous treatment of primary pulmonary hypertension and pulmonary hypertension associated with the scleroderma spectrum of disease in New York Heart Association class III and class IV patients who do not respond adequately to conventional therapy. In March 2006, Source: Page 28

COMPANY PROFILE

Myogen entered into a license agreement and a distribution and supply agreement with GSK, under which the Company has exclusive rights to market, promote and distribute Flolan and the sterile diluent for Flolan in the United States until April 2009.

Tamiflu

Tamiflu (oseltamivir phosphate) is an oral antiviral available in capsule form for the treatment and prevention of influenza A and B. Tamiflu is in a class of prescription drugs called neuraminidase inhibitors. Tamiflu is approved for the treatment of influenza in children and adults in more than 60 countries, including the United States, Japan and the European Union, and is approved for the prevention of influenza in children and adults in the United States, Japan and the European Union. Gilead developed Tamiflu with F. Hoffmann-La Roche Ltd (together with Hoffmann-La Roche Inc. (Roche)). Roche has the exclusive right to manufacture, by itself or through third parties, and sell Tamiflu worldwide, subject to its obligation to pay the Company royalties based on a percentage of the net sales that it generates from Tamiflu worldwide.

Macugen

Macugen (pegaptanib sodium injection) is an intravitreal injection of an anti-angiogenic oligonucleotide for the treatment of neovascular age-related macular degeneration. Macugen was approved by the FDA in the United States in December 2004, and sales commenced in January 2005. In February 2006, the product received marketing approval for sale in the European Union. Macugen was developed by OSI Pharmaceuticals, Inc. (OSI) using technology licensed from Gilead. OSI holds the exclusive rights to manufacture and sell Macugen worldwide, subject to its obligation to pay the Company royalties based on a percentage of the net sales that it generates from Macugen worldwide.

DaunoXome

DaunoXome (liposomal daunorubicin injection) is a liposomal formulation of the anticancer agent daunorubicin. It is approved for sale in the United States, Europe and certain other countries for the treatment of AIDS-related Kaposi's sarcoma. In March 2006, Gilead exclusively licensed worldwide rights to sell DaunoXome to Diatos S.A. (Diatos). Under the terms of the license agreement, Diatos is obligated to pay the Company royalties based on a percentage of the net sales that it generates from DaunoXome.

The Company competes with GSK, BMS, Roche, Boehringer Ingelheim GmbH, Merck, Abbott Laboratories, Inc., Ortho Biotech Products, L.P., Pfizer, Enzon Pharmaceuticals, Inc., Zeneus Pharma Ltd., Three Rivers Pharmaceuticals, LLC, Genpharma, S.A., Novartis Pharmaceuticals Corporation, Idenix Pharmaceuticals Limited, Schering Plough Corporation, Bausch & Lomb Incorporated, AstraZeneca PLC, CibaVision, Genentech, Inc., United Therapeutics Corporation and Actelion Ltd.

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COMPANY PROFILE

W.W. Grainger (GWW) Web Site: http://www.grainger.com/

W.W. Grainger, Inc. (Grainger), incorporated in 1928, is in the service business. It distributes products used by businesses and institutions primarily across North America to keep their facilities and equipment running. Its operations are managed in three segments: Grainger Branch-based, Acklands – Grainger Branch-based (Acklands – Grainger) and Lab Safety Supply, Inc. (Lab Safety). Grainger Branch-based is an aggregation of the Grainger Industrial Supply (Industrial Supply), Grainger, S.A. de C.V. (Mexico), Grainger Caribe Inc. (Puerto Rico) and Grainger China LLC (China) business units. Acklands – Grainger is the Company’s Canadian branch-based distribution business. Lab Safety is a direct marketer of safety and other industrial products. On May 31, 2007, Lab Safety Supply, Inc. (Lab Safety), a wholly owned subsidiary of the Company, acquired substantially all of the assets and assumed certain liabilities of McFeely’s Square Drive Screws (McFeely’s). McFeely’s is a direct marketer of specialty fasteners, hardware and tools for the professional woodworking industry.

Grainger Branch-based

The Grainger Branch-based businesses provide customers with product solutions for facility maintenance and other product needs through logistics networks, which are configured for product availability. Grainger offers a selection of facility maintenance and other products through local branches, catalogs and the Internet. Industrial Supply offers United States businesses and institutions a combination of product breadth, local availability, speed of delivery, detailed product information, simplicity of ordering and competitively priced products. Industrial Supply distributes material handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, and other items. Its customers range from small and medium-sized businesses to large corporations, governmental entities at local, state and federal levels, and other institutions. During the year ended December 31, 2007, Industrial Supply completed an average of 92,000 sales transactions daily. Industrial Supply operates 434 branches located in all 50 states. These branches are located within 20 minutes of the majority of United States businesses and serve the immediate needs of their local markets by allowing customers to pick up items directly from the branches.

Branches range in size from small, will-call branches to large master branches. The Grainger Express will-call locations average 2,200 square feet, do not stock inventory and provide convenient pick-up locations. Branches primarily fulfill counter and will-call needs and provide customer service. Master branches handle counter and will- call customers, and ship to customers for other branches and themselves. In total, branches average 21,000 square feet in size, have 13 employees and handle about 125 transactions per day. In 2007, Industrial Supply opened eight full-size and four will-call branches, relocated 19 branches and expanded or remodeled 29 branches. In 2007, four branches were closed. Industrial Supply’s distribution network comprises nine distribution centers (DCs). Using automated equipment and processes, the DCs handle most of the customer shipping and also replenish branch inventories.

Industrial Supply sells principally to customers in industrial and commercial maintenance departments, service shops, manufacturers, hotels, government, retail organizations, transportation businesses, contractors, and healthcare and educational facilities. During 2007, sales transactions were made to approximately 1.4 million customers. Approximately 23% of sales in 2007, consisted of private label items bearing Grainger’s registered trademarks, including DAYTON (principally electric motors, heating and ventilation equipment, and liquid pumps), SPEEDAIRE (air compressors), AIR HANDLER (air filtration equipment), DEM-KOTE (spray paints), WESTWARD (principally hand and power tools), CONDOR (safety products) and LUMAPRO (task and outdoor lighting).

The Industrial Supply catalog, most recently issued in February 2008, offers almost 183,000 facility maintenance and other products. Approximately 1.8 million copies of the catalog were produced. Through a global sourcing operation, Industrial Supply procures products produced outside the United States from approximately 230 suppliers. Grainger businesses sell these items primarily under private labels. Products obtained through the global sourcing operation include DAYTON motors, WESTWARD tools, LUMAPRO lighting products and CONDOR safety products, as well as products bearing other trademarks.

Grainger’s operations in Mexico provide local businesses with facility maintenance and other products from both Mexico and the United States. In 2007, Mexico opened five branches and two master branches bringing their total Source: Page 30

COMPANY PROFILE number of locations to 15. The business ships products to customers, as well as fulfills counter and will-call needs. The largest facility, an 85,000 square foot DC, is located outside of Monterrey, Mexico. During 2007, approximately 950 transactions were completed daily. Customers have access to approximately 35,000 products through a Spanish-language catalog or through grainger.com.mx. Grainger operates in China from a 126,000 square foot DC with a showroom located in Shanghai and five surrounding will-call locations. Customers have access to approximately 30,000 products through a Chinese-language catalog or through grainger.com.cn.

Acklands – Grainger Branch-based

Acklands – Grainger is a broad-line distributor of industrial and safety supplies in Canada. It serves customers through 153 branches and five DCs across Canada. Acklands – Grainger distributes tools, fasteners, safety supplies, instruments, welding and shop equipment, and many other items. During 2007, approximately 14,000 sales transactions were completed daily. A catalog, printed in both English and French, showcases the product line to facilitate customer selection. This catalog, with more than 56,000 products, supports the efforts of account managers and branch personnel throughout Canada. In addition, customers can purchase products through acklandsgrainger.com, a bilingual Website.

Lab Safety

Lab Safety is a direct marketer of safety and other industrial products to United States and Canadian businesses. Headquartered in Janesville, Wisconsin, Lab Safety primarily reaches its customers through the distribution of multiple branded catalogs and other marketing materials distributed throughout the year to targeted markets. Brands include LSS, Ben Meadows (forestry), Gempler’s (agriculture), AW Direct (service vehicle accessories), Rand Materials (material handling), Professional Inspection Equipment and Construction Book Express (building and home inspection) and McFeely’s Square Drive Screws (woodworking). Customers can purchase products by telephone, fax or through lss.com and other branded Websites.

Lab Safety offers extensive product depth, technical support and high service levels. During 2007, Lab Safety issued 13 catalogs covering safety supplies, material handling and facility maintenance products, lab supplies, security and other products targeted to specific customer groups. Lab Safety provides access to approximately 163,000 products through its targeted catalogs and distributes products from two DCs.

Source: Page 31

COMPANY PROFILE

Hewlett-Packard Co (HPQ) Web Site: http://www.hp.com/

Hewlett-Packard Company (HP), incorporated in 1947, is a provider of products, technologies, software, solutions and services to individual consumers, small- and medium-sized businesses (SMBs) and large enterprises, including the public and education sectors. The Company’s offerings span personal computing and other access devices; imaging and printing-related products and services; enterprise information technology infrastructure, including enterprise storage and server technology and software that optimizes business technology investments, and multi- vendor customer services, including technology support and maintenance, consulting and integration and outsourcing services, as well as application services and business process outsourcing. During the fiscal year ended October 31, 2008 (fiscal 2008), HP’s operations were organized into seven business segments: Enterprise Storage and Servers (ESS), HP Services (HPS), HP Software, the Personal Systems Group (PSG), the Imaging and Printing Group (IPG), HP Financial Services (HPFS) and Corporate Investments.

On August 26, 2008, the Company completed its acquisition of Electronic Data Systems Corporation (EDS), a provider of information technology services for enterprise customers. In September 2007, HP completed the acquisition of Opsware Inc. In October 2007, the Company completed the acquisition of Neoware Inc., a provider of thin-client computing and virtualization solutions. During fiscal 2008, HP also acquired nine companies.

Enterprise Storage and Servers

ESS provides storage and server products in a number of categories. Industry standard servers include primarily entry-level and mid-range ProLiant servers, which run primarily Windows, Linux and Novell operating systems and leverage Intel Corporation (Intel) and Advanced Micro Devices (AMD) processors. The business spans a range of product lines that include pedestal-tower servers, density-optimized rack servers and HP's BladeSystem family of server blades. Business critical systems include Itanium-based Integrity servers running on the HP-UX, Windows, Linux, OpenVMS and NonStop operating systems, including the high-end Superdome servers and fault-tolerant Integrity NonStop servers.

Business critical systems also include the Reduced Instruction Set Computing (RISC)-based servers with the HP 9000 line running on the HP-UX operating system, HP AlphaServers running on both Tru64 UNIX and OpenVMS, and machine interface processor (MIPs)-based NonStop servers. HP's StorageWorks offerings include entry-level, mid-range and high-end arrays, storage area networks, network attached storage, storage management software and virtualization technologies, as well as tape drives, tape libraries and optical archival storage.

HP Services

HPS provides a portfolio of multi-vendor IT services, including technology services, consulting and integration and outsourcing services. HPS also offers a variety of services tailored to particular industries such as communications, media and entertainment, manufacturing and distribution, financial services, health and life sciences and the public sector, including government services. HPS collaborates with the Enterprise Storage and Servers and HP Software groups, as well as with third-party system integrators and software and networking companies to bring solutions to HP customers. HPS also works with IPG and PSG to provide managed print services, end user workplace services, and mobile workforce productivity solutions to enterprise customers.

HPS provides a range of technology services from standalone product support to high-availability services for complex, global, networked, multi-vendor environments. This business also manages the delivery of product warranty support through its own service organization, as well as through authorized partners. HPS provides consulting and integration services to architect, design and implement technology and industry-specific solutions for customers. Consulting and integration also provides cross-industry solutions in the areas of architecture and governance, infrastructure, applications and packaged applications, security, IT service management, information management and enterprise Microsoft solutions. HPS offers a variety of IT management and outsourcing services that support customers' infrastructure, applications, business processes, end user workplaces, print environments and business continuity and recovery requirements.

Source: Page 32

COMPANY PROFILE

HP Software

HP Software is a provider of enterprise and service provider software and services. Its portfolio consists of: Enterprise IT management software solutions, including support and professional services, allow customers to manage their IT infrastructure, operations, applications, IT services and business processes. These solutions also include tools to automate data center operations and IT processes. It markets these solutions as the HP Business Technology Optimization suite of products and services. It delivers these solutions in the form of traditional software licenses and, in some cases, via the Software as a Service (SaaS) distribution model.

Information management and business intelligence solutions include its enterprise data warehousing, information business continuity, data availability, compliance and e-discovery products that enable its customers to extract more value from their structured and unstructured data and information. These solutions include the enterprise records management software that it acquired through its acquisition of Tower Software in fiscal 2008, and OpenCall solutions, which is a suite of carrier-grade software platforms for service providers that enable them to develop and deploy next-generation voice, data and converged network services.

Personal Systems Group

PSG provides commercial personal computers (PCs), consumer PCs, workstations, handheld computing devices, digital entertainment systems, calculators and other related accessories, software and services for the commercial and consumer markets. PSG offers a variety of personal computers optimized for commercial uses, including enterprise and SMB customers, and for connectivity and manageability in networked environments. These commercial PCs include primarily the HP Compaq business desktops, notebooks, and Tablet PCs, the HP EliteBook line of Mobile Workstations and professional notebooks, as well as the HP Mini-Note PC, HP Blade PCs, Retail POS systems, and the HP Compaq and Neoware Thin Clients. Consumer PCs include the HP Pavilion and Compaq Presario series of multi-media consumer desktops and notebooks, as well as the HP Pavilion Elite desktops, HP HPDX Premium notebooks and Touchsmart PCs, as well as Voodoo Gaming PCs, which are targeted at the home user.

Workstations are individual computing products designed for users demanding enhanced performance, such as computer animation, engineering design and other programs requiring high-resolution graphics. PSG provides workstations that run on both Windows and Linux-based operating systems. PSG provides a series of HP iPAQ Pocket PC handheld computing devices that run on Windows Mobile software. These products range from basic PDAs to advanced devices with voice and data capability. PSG's digital entertainment products include the Media Smart home servers, high density digital versatile disc (HD DVD) and rewriteable (RW) drives and drives and digital versatile disc (DVD) writers.

Imaging and Printing Group

IPG is an imaging and printing systems provider for consumer and commercial printer hardware, printing supplies, printing media and scanning devices. IPG is also focused on imaging solutions in the commercial markets, from managed print services solutions to addressing new growth opportunities in commercial printing and capturing high- value pages in areas, such as industrial applications, outdoor signage, and the graphic arts business. Its inkjet and Web solutions delivers its consumer and SMB inkjet solutions (hardware, ink, media), as well as developing its retail and Web businesses. It includes single function and all-in-one inkjet printers targeted toward consumers and SMBs, as well as retail publishing solutions, Snapfish, and Logoworks.

HP’s LaserJet and Enterprise Solutions unit is focused on delivering products and services to the enterprise segment. It includes LaserJet printers and supplies, Edgeline, scanners, enterprise software solutions such as Exstream Software and Web Jetadmin, managed print services products and solutions, and Halo telepresence. Graphics solutions include large format printing (Designjet, Scitex, ColorSpan and NUR), large format supplies, WebPress supplies, Indigo printing, specialty printing systems, inkjet high-speed production solutions and light production solutions. Printer supplies include LaserJet toner, inkjet cartridges, graphic solutions ink products, including inks for its large format, super-wide and digital press products, and other printing-related media. These supplies include HP-branded Vivera and ColorSphere ink and HP Premium and Premium Plus photo papers. Source: Page 33

COMPANY PROFILE

HP Financial Services

HPFS supports HP's global product and service solutions, providing a range of financial life-cycle management services. HPFS enables its worldwide customers to acquire complete IT solutions, including hardware, software and services. The Company offers leasing, financing, utility programs and asset recovery services, as well as financial asset management services for large global and enterprise customers. HPFS also provides an array of specialized financial services to SMBs and educational and governmental entities. HPFS offers alternatives to balance customer cash flow, technology obsolescence and capacity needs.

The Company competes with International Business Machines Corporation, EMC Corporation, Network Appliance, Inc., Dell, Inc., Sun Microsystems, Inc., IBM Global Services, Computer Sciences Corporation, Accenture Ltd., Fujitsu, Wipro Ltd, Infosys Technologies Ltd., Tata Consultancy Services Ltd., BMC Software, Inc, CA Inc., and IBM Tivoli Software, Acer Inc., ASUSTeK Computer Inc., Apple Inc., Lenovo Group Limited and Toshiba Corporation, Canon USA, Inc., Lexmark International, Inc., Xerox Corporation, Seiko Epson Corporation, Samsung Electronics Co. Ltd, Xerox in copiers, Heidelberger Druckmaschinen Aktiengesellschaft and IBM Global Financing.

Source: Page 34

COMPANY PROFILE

Integrys Energy Group Inc. (TEG) Web Site: http://www.integrysgroup.com/

Integrys Energy Group, Inc., incorporated 1993, is a holding company for regulated utility and non-regulated business units. As of December 31, 2007, Integrys Energy Group served approximately 485,000 regulated electric utility customers and approximately 1,674,000 regulated natural gas utility customers. At December 31, 2007, Integrys Energy Group reported five segments: the two regulated segments include the regulated electric utility operations of Wisconsin Public Service Corporation (WPSC) and Upper Peninsula Power Company (UPPCO), and the regulated natural gas utility operations of WPSC, Michigan Gas Utilities Corporation (MGUC), Minnesota Energy Resources Corporation (MERC), The Peoples Gas Light and Coke Company (PGL), and North Shore Gas Company (NSG).

The non-regulated oil and natural gas production segment includes the results of Peoples Energy Production Company (PEP), which were reported as discontinued operations. In September 2007, Integrys Energy Group completed the sale of PEP. The Holding Company and Other segment, another non-regulated segment, includes the operations of the Integrys Energy Group holding company and the Peoples Energy Corporation (PEC) holding company, along with any non-utility activities at WPSC, MGUC, MERC, UPPCO, PGL, and NSG.

Electric Utility Segment

The electric utility segment includes the regulated electric utility operations of WPSC and UPPCO. In 2007, retail electric sales accounted for 82.4% of total revenues, while wholesale electric sales accounted for 17.6% of total revenues.

Natural Gas Utility Segment

The natural gas utility segment includes the regulated natural gas utility operations of WPSC, MGUC, MERC, PGL, and NSG. MGUC and MERC, both are domiciled in the United States and began operations upon acquisition of their natural gas distribution operations in Michigan and Minnesota, respectively, from Aquila, Inc. in April 2006, and July 2006, respectively. PGL and NSG, both are domiciled in the United States. Integrys Energy Group acquired PGL and NSG in February 2007 in the PEC merger.

Integrys Energy Services

Integrys Energy Services is domiciled in the United States. Integrys Energy Services is a diversified energy supply and services company serving residential, commercial, industrial, and wholesale customers in the United States and Canada. In 2007, Integrys Energy Services opened an office in Denver, Colorado, to expand its operation into the Western Systems Coordinating Council markets.

Holding Company and Other Segment

The Holding Company and Other segment include the operations of the Integrys Energy Group holding company and the PEC holding company, along with any non-utility activities at WPSC, MGUC, MERC, UPPCO, PGL, and NSG. Also included in the Holding Company and Other segment is WPS Investments, LLC, a non-utility company, which holds the investment of Integrys Energy Group and its subsidiaries in American Transmission Company LLC (ATC). On December 31, 2007, WPS Investments, LLC (WPS) Investments was owned 15.85% by WPSC, 3.37% by UPPCO and 80.78% by Integrys Energy Group.

Source: Page 35

COMPANY PROFILE

L-3 Communications Holdings, Inc. (LLL) Web Site: http://www.l-3com.com

L-3 Communications Holdings, Inc. (L-3) is a prime system contractor in aircraft modernization and maintenance (AM&M), command, control, communications, intelligence, surveillance and reconnaissance (C3ISR) systems, and government services. L-3 is also a provider of technology products, subsystems and systems. The Company’s customers include the United States Department of Defense (DoD) and its prime contractors, United States Government intelligence agencies, the Unites States Department of Homeland Security (DHS), Unites States Department of State (DoS), United States Department of Justice (DoJ), allied foreign governments, commercial customers and select other United States federal, state and local government agencies. The Company operates in four segments: C3ISR, Government Services, Aircraft Modernization and Maintenance (AM&M), and Marine and Power Systems Group. On March 14, 2008, the Company completed the acquisition of HSA Systems Pty Limited, an Australian provider of geospatial, marine and electronic systems for maritime and defense customers. HSA will be consolidated as a business unit within the L-3 Nautronix division in Australia. In April 2008, Northrop Grumman Corporation announced that it has completed the sale of its Electro-Optical Systems business to L-3. On December 3, 2008, the Company acquired International Resources Group Ltd.

Command, Control, Communications, Intelligence, Surveillance and Reconnaissance Systems (C3ISR)

During 2007, C3ISR represented 17% of the Company’s total net sales. The businesses in this segment provide products and services for the global intelligence, surveillance and reconnaissance (ISR) market, specializing in signals intelligence (SIGINT) and communications intelligence (COMINT) systems. These products and services provide to the warfighter in real-time ability to collect and analyze unknown electronic signals from command centers, communication nodes and air defense systems for real-time situational awareness and response. The businesses in this reportable segment also provide command, control and communications (C3) systems, networked communications systems and secure communications products for military, and other United States Government and foreign government ISR applications. These products and services are used to connect a variety of airborne, space, ground and sea-based communication systems, and are used in the transmission, processing, recording, monitoring and dissemination functions of these communication systems.

Government Services

During 2007, Government Services represented 31% of the Company’s total net sales. The businesses in this segment provide a range of engineering, technical, information technology, advisory, training and support services to the DoD, DoS, DoJ and United States Government intelligence agencies and allied foreign governments. Major services for this segment include communication software support, information technology services, and a range of engineering development services and integration support; engineering and information systems support services used for C3 and ISR architectures, as well as for air warfare modeling and simulation tools for applications used by the DoD, DHS and United States Government intelligence agencies; developing and managing extensive programs in the United States and internationally; human intelligence support and other services, aviation and maritime services in support of maritime and expeditionary warfare; intelligence solutions support to the DoD, including the Unites States Armed Services combatant commands and the Unites States Government intelligence agencies; technical and management services, which provide support of intelligence, logistics, C3 and combatant commands, and conventional enterprise information technology (IT) support, systems and other services to the DoD and other United States federal agencies.

Aircraft Modernization and Maintenance (AM&M)

During 2007, AM&M represented 18% of the Company’s total net sales. The businesses in this segment provide modernization, upgrades and sustainment, maintenance and logistics support services for military and various government aircraft and other platforms. It sells these services primarily to the DoD, the Canadian Department of National Defense (DND) and other allied foreign governments. Major products and services for this segment include engineering, modification, maintenance, logistics and upgrades for aircraft, vehicles and personnel equipment; turnkey aviation life cycle management services that integrate custom developed and commercial off-the-shelf products, and aerospace and other technical services related to large fleet support, such as aircraft and vehicle modernization, maintenance, repair and overhaul, logistics, support and supply chain management. Source: Page 36

COMPANY PROFILE

Medtronic, Inc. (MDT) Web Site: http://www.medtronic.com/

Medtronic, Inc. (Medtronic), incorporated in 1957, is a global player in medical technology, alleviating pain, restoring health, and extending life for millions of people around the world. The Company operates in seven business segments: Cardiac Rhythm Disease Management (CRDM); Spinal; CardioVascular; Neuromodulation; Diabetes; Surgical Technologies, and Physio-Control. In October 2007, the Company launched the CD HORIZON LEGACY Anterior Spinal System. In July 2008, Medtronic completed the acquisition of Restore Medical, Inc. In December 2008, Medtronic completed the acquisition of CryoCath Technologies Inc.

Cardiac Rhythm Disease Management (CRDM)

CRDM is a supplier of medical devices for cardiac rhythm disease management. The Company’s products and technologies treat and monitor a variety of heart rhythm diseases and conditions. Medtronic offers an array of products in the industry for the diagnosis and treatment of heart rhythm disorders and heart failure. The Company’s CRDM devices are implanted in more than three million patients worldwide.

Spinal

The Company’s Spinal business is a supplier for medical devices and implants used in the treatment of the spine. Medtronic offers a range of products and therapies to treat a variety of conditions of the spine. Its Spinal business offers products for treatment and diagnosis of spinal conditions, including Herniated Disc, Degenerative Disc Disease, Spinal Deformity, Spinal Tumors, Trauma/Fracture and Stenosis. The Company’s Spinal products, include thoracolumbar, cervical and interbody devices that are employed utilizing the surgical techniques, including the minimal access spinal technologies (MAST) along with bone growth substitutes, and devices for vertebral compression fractures and spinal stenosis.

CardioVascular

Medtronic’s CardioVascular business offers a line of minimally invasive products and therapies to treat coronary artery disease, abdominal and thoracic aortic aneurysms, peripheral vascular disease, and heart valve disorders. The Company’s CardioVascular business offers minimally invasive products for the treatment of the conditions, including coronary artery disease, peripheral vascular disease, abdominal and thoracic aortic aneurysm (AAA/TAA) and heart valve disorders.

Neuromodulation

The Company’s Neuromodulation business develops, manufactures, and markets devices for the treatment of neurological, urological, and gastroenterological disorders. Its Neuromodulation business offers products for the treatment or diagnosis of the conditions, including pain management, movement disorders, and urological and gastroenterological disorders. Neuromodulation products consist of therapeutic and diagnostic devices, including implantable spinal cord stimulation systems and implantable drug delivery devices, used to treat intractable chronic pain; deep brain stimulation systems and implantable drug administration devices to treat movement disorders like Parkinson’s disease and implantable intrathecal drug delivery for intractable spasticity, and sacral nerve stimulation systems to treat overactive bladder and urinary incontinence. Medtronic’s product portfolio also includes products for the treatment of BPH, or enlarged prostate and gastroparesis and a pH monitoring system for diagnosing GERD.

Diabetes

Medtronic’s Diabetes business develops diabetes management solutions. The Company is a player in integrated diabetes management systems, insulin pump therapy, continuous glucose monitoring systems and therapy management software, and are committed to providing improved tools and technologies to help people with diabetes live longer, healthier lives. Medtronic’s Diabetes business offers solutions for the treatment of diabetes, the inability to control glucose (blood sugar) levels resulting from the body’s failure to produce or properly use insulin.

Source: Page 37

COMPANY PROFILE

Surgical Technologies

The Company’s Surgical Technologies business develops, manufactures, and markets products and therapies to treat diseases and conditions of the ear, nose and throat (ENT), and certain neurological disorders. In addition, the segment manufactures and markets image guided surgery systems that facilitate surgical planning during precision cranial, spinal, sinus and orthopedic surgeries. Medtronic’s Surgical Technologies products are used in the treatment of the conditions, including ENT diseases and disorders; Neurological diseases and disorders, and a range of cranial, spinal, sinus, and orthopedic maladies through the use of computer-assisted navigation during surgery.

Physio-Control

The Company’s develop, manufacture, market and service external defibrillators, including manual defibrillator/monitors used by hospitals and emergency response personnel and automated external defibrillators (AEDs) used in commercial and public settings. In addition to the portfolio of external defibrillation and emergency response systems, it offers related data management solutions and support services. Its Physio-Control products are used in the treatment of the condition, including sudden cardiac arrest (SCA), a condition, in which the heartbeat stops suddenly and unexpectedly.

Source: Page 38

COMPANY PROFILE

Microchip Technologies, Inc. (MCHP) Web Site: http://www.microchip.com/

Microchip Technology Incorporated (Microchip), incorporated in 1989, is engaged in developing and manufacturing specialized semiconductor products used by its customers for a variety of embedded control applications. The Company's product portfolio consists of eight-bit, 16-bit and 32 bit peripheral interface controller (PIC) microcontrollers, and 16-bit dsPIC digital signal controllers (DSCs), which feature on-board Flash (reprogrammable) memory technology. Microchip also offers a spectrum of high-performance linear, mixed signal, power management, thermal management, battery management and interface devices. It also makes serial electrically erasable programmable read-only memory (EEPROMs). Its products also include microcontrollers, development tools, analog and interface products, and memory products. The Company's product portfolio targets applications and designs in the automotive, communications, computing, consumer and industrial control markets. In October 2007, the Company announced the sale of its Fab 3 facility located in Puyallup, Washington. In October 2008, the Company acquired Hampshire Company, Inc.

Microcontrollers

The Company offers a family of microcontroller products featuring an architecture marketed under the PIC brand name. It has shipped over six billion PIC microcontrollers to customers worldwide since their introduction in the year 1990. Microchip's PIC products are designed for applications requiring field programmability and low power. They feature a variety of memory technology configurations, low voltage and power, and a small footprint. The Company's product architecture features dual-data and instruction pathways, referred to as Harvard dual-bus architecture, a reduced instruction set computer (RISC) and variable length instructions. With approximately 550 microcontrollers in its product portfolio, Microchip targets the eight-bit, 16-bit and 32-bit microcontroller markets.

Development Tools

The Company offers a range of application development tools. These tools enable system designers to program a PIC microcontroller and dsPIC DSCs for specific applications. Microchip's family of development tools operates in the standard Windows environment on standard personal computer (PC) hardware. These tools range from entry level systems, which include an assembler and programmer or in-circuit debugging hardware, to configured systems that provide in-circuit emulation hardware. Customers moving from entry level designs to those requiring real-time emulation can preserve their investment in learning and tools as they migrate to future PIC devices, since all of the Company's systems share the same integrated development environment. As of March 31, 2008, there were more than 190 third-party tool suppliers worldwide, whose products supported the Company's microcontroller architecture. Microchip's development tools allow design engineers to develop thousands of application-specific products from the Company's standard microcontrollers. As of March 31, 2008, the Company shipped more than 600,000 development tools.

Analog and Interface Products

The Company's analog and interface products consist of several families with over 500 power management, linear, mixed-signal, thermal management and interface products. During the fiscal year ended March 31, 2008 (fiscal 2008), Microchip had shipped its mixed-signal analog and interface products to over 13,400 end customers.

Memory Products

Microchip's memory products consist of serial EEPROMs. The Company sells these devices primarily into the embedded control market. Serial EEPROM products are used for non-volatile program and data storage in systems, where such data must be either modified frequently or retained for long periods. Serial EEPROMs have a low- input/output (I/O) pin requirement, permitting production of small devices.

Source: Page 39

COMPANY PROFILE

Microsoft Corporation (MSFT) Web Site: http://www.microsoft.com/

Microsoft Corporation develops, manufactures, licenses and supports a range of software products for computing devices. The Company's software products include operating systems for servers, personal computers (PCs) and intelligent devices, server applications for distributed computing environments, information worker productivity applications, business solution applications, high-performance computing applications and software development tools and video games. It provides consulting and product support services, and trains and certifies computer system integrators and developers. Microsoft Corporation sells the Xbox 360 video game console and games, the Zune digital music and entertainment device, PC games, and peripherals. Online offerings and information are delivered through its Live Search, Windows Live, Office Live, and MSN portals and channels. The Company enables the delivery of online advertising through its adCenter platform. The Company has five segments: Client, Server and Tools, the Online Services Business, the Microsoft Business Division, and the Entertainment and Devices Division.

On August 10, 2007, the Company acquired aQuantive, Inc. On April 24, 2008, it acquired Fast Search & Transfer ASA (FAST). In April 2008, it acquired Danger, Inc. (Danger). In June 2008, the Company announced the acquisition of Navic Networks, a provider of television advertising solutions. Navic will join Microsoft's Advertiser and Publisher Solutions (APS) Group. In September 2008, the Company closed the acquisition of DATAllegro Inc.

Client

The Client segment has overall responsibility for the technical architecture, engineering and product delivery of the Company's Windows product family, and is also responsible for its relationships with PC manufacturers, including multinational and regional original equipment manufacturers (OEMs). The Company has released Windows Vista, the Windows operating system. The Company’s products in the Client segment includes Windows Vista, including Home, Home Premium, Ultimate, Business, and Enterprise Starter Edition; Windows XP Professional and Home; Media Center Edition; Tablet PC Edition, and other standard Windows operating systems.

In the Client segment, the Company competes with Apple Computer, Hewlett-Packard, IBM, Mozilla and Sun Microsystems.

Server and Tools

Server and Tools develops and markets software server products, services and solutions. Windows Server products are integrated server infrastructure and middleware software designed to support software applications and tools built on the Windows Server operating system. Windows Server products include the server platform, database, storage, management and operations, service-oriented architecture platform and security software. The segment also builds standalone and software development lifecycle tools for software architects, developers, testers and project managers. Server products can be run on premise or in a hosting environment.

The Company offers a range of consulting services and provides product support services and customer industry solutions. Server and Tools segment also provides training and certification to developers and information technology professionals about its Server and Client platform products. Major releases from Server and Tools during the fiscal year ended March 31, 2008 (fiscal 2008) included Windows Server 2008 and Visual Studio 2008. Windows Server 2008 provides virtualization technologies, security enhancements, Internet tools and infrastructure, and management utilities while Visual Studio 2008 provides application development, team collaboration tools, and advances in building connected applications. The Company’s products in the Server and Tools segment includes Windows Server operating system, Microsoft SQL Server, Microsoft Enterprise Services, product support services, Visual Studio, System Center products, Forefront Security products, Biz Talk Server, Microsoft Developer Network (MSDN) and other products and services.

In the Server and Tools segment, the Company competes with Hewlett-Packard, IBM, Sun Microsystems, Novell, Red Hat, VMWare, Computer Associates, Oracle, BMC, CA, Inc., McAfee, Symantec, Trend Micro, Adobe, BEA Systems and Borland.

Source: Page 40

COMPANY PROFILE

Online Services Business

The Online Services Business (OSB) consists of an on-line advertising platform with offerings for both publishers and advertisers, personal communications services, such as e-mail and instant messaging, online information offerings, such as Live Search, and the MSN portals and channels worldwide. The Company earns revenue primarily from online advertising, including search, display, and e-mail and messaging services. Revenue is also generated through subscriptions and transactions generated from online paid services, from advertiser and publisher tools, digital marketing and advertising agency services, and from MSN narrowband Internet access subscribers.

During fiscal 2008, the Company launched new releases of Windows Live Search, the Windows Live suite of applications and services, and updated its MSN Video Service. In addition, Microsoft launched a new release of adCenter, its advertising platform, and also expanded its advertising platform portfolio through acquisitions. The Company products in OSB segment include Live Search, MSN, MapPoint, MSN Internet Access, MSN Premium Web Services (consisting of MSN Internet Software Subscription, MSN Hotmail Plus and MSN Software Services), Windows Live, MSN Mobile Services, AvenueA Razorfish media agency services, Atlas online tools for advertisers, and the Drive PM ad network for publishers.

In this segment, the Company competes with AOL, Google, Yahoo! and Earthlink.

Microsoft Business Division

Microsoft Business Division (MBD) offerings consist of the Microsoft Office system and Microsoft Dynamics business solutions. Microsoft Dynamics products provide business solutions for financial management, customer relationship management, supply chain management, and analytics applications for small and mid-size businesses, large organizations and divisions of global enterprises. Approximately 80% of MBD revenue is generated from sales to businesses. Approximately 20% of MBD revenue is derived from sales to consumers. The products in MBD includes Microsoft Office, Microsoft Project, Microsoft Visio, Microsoft Office SharePoint Server, Microsoft Exchange Server, Microsoft Exchange Hosted Services, Microsoft Office Live Meeting, Microsoft Office Communication Server, Microsoft Office Communicator, Microsoft Tellme Service, Microsoft Dynamics AX, Microsoft Dynamics CRM, Microsoft Dynamics GP, Microsoft Dynamics NAV, Microsoft Dynamics SL, Microsoft Dynamics Retail Management System, Microsoft Partner Program and Microsoft Office Accounting.

In this segment, the Company competes with Apple, Corel, Google, IBM, Novell, Oracle, Red Hat, Sun Microsystems, AjaxWrite, gOffice, iNetOffice, SimDesk, ThinkFree and wikiCalc.

Entertainment and Devices Division

The Entertainment and Devices Division (EDD) is responsible for developing, producing, and marketing the Xbox video game system, including consoles and accessories, third-party games, games published under the Microsoft brand, and Xbox Live operations, as well as research, sales and support of those products. In addition to Xbox, the Company offers the Zune digital music and entertainment device, PC software games, online games, Mediaroom, the Company’s Internet protocol television (IPTV) software, and other devices. EDD also leads the development efforts of its line of consumer software and hardware products, including application software for Macintosh computers and Microsoft PC hardware products, and is responsible for all retail sales and marketing for Microsoft Office and the Windows operating systems. The Company’s EDD products include Xbox 360 console and games, Xbox Live, Zune, Mediaroom, numerous consumer software and hardware products, such as mice and keyboards, Windows Mobile software platform, Windows Embedded device operating system, Windows Automotive, and Surface computing platform.

In this segment, the Company competes with Nintendo, Sony, Apple iPod, Nokia, Openwave Systems, Palm, QUALCOMM, Research In Motion, Symbian. IBM, Wind River, Metrowerks and MontaVista Software.

Source: Page 41

COMPANY PROFILE

Northern Trust Corp. Web Site: http://www.northerntrust.com/

Northern Trust Corporation (Northern Trust) is a financial holding company, which provides investment management, asset and fund administration, fiduciary, and banking solutions for corporations, institutions, and affluent individuals. The Company conducts business through various United States and non-United States subsidiaries, including The Northern Trust Company (Bank). Northern Trust has organized its services globally around its two client-focused principal business units: Corporate and Institutional Services (C&IS) and Personal Financial Services (PFS). C&IS is a provider of asset servicing, asset management, and related services to corporate and public retirement funds, foundations, endowments, fund managers, insurance companies, and government funds. PFS provides personal trust, investment management, custody, and philanthropic services; financial consulting; guardianship and estate administration; qualified retirement plans, and private and business banking. Two other business units provide services to the two principal business units, Northern Trust Global Investments (NTGI), which provides investment management, and Worldwide Operations and Technology (WWOT), which provides operating and systems support.

Corporate and Institutional Services

C&IS offers a range of commercial banking services, placing special emphasis on developing and supporting institutional relationships in two target markets: large and mid-sized corporations and financial institutions. Asset servicing, asset management, and related services encompass a range of capabilities, including global master trust and custody, trade, settlement, and reporting; fund administration; cash management, and investment risk and performance analytical services. Client relationships are managed principally through the Bank’s Chicago, London, Singapore and Toronto branch locations with other operations or representative offices in New Jersey, Ireland, the Channel Islands, the Netherlands, China and Australia. Asset servicing relationships managed by C&IS often include investment management, securities lending, transition management, and commission recapture services provided through NTGI. C&IS also provides related foreign exchange services in the United States, United Kingdom, Guernsey, and Singapore. At December 31, 2007, total C&IS assets under custody were $3.8 trillion and assets under management were $608.9 billion.

Personal Financial Services

PFS focuses on high net worth individuals and families, business owners, executives, professionals, retirees, and established privately held businesses in its target markets. PFS also includes the Wealth Management Group, which provides customized products and services to meet the financial needs of individuals and family offices in the United States and worldwide with assets typically exceeding $75 million. PFS is a provider of personal trust services in the United States, with $332.3 billion in assets under custody and $148.3 billion in assets under management at December 31, 2007. PFS services are delivered through a network of 85 offices in 18 United States as well as offices in London and Guernsey.

Northern Trust Global Investments

NTGI, through various subsidiaries of the Company, provides a range of investment management and related services, and other products to United States and non-United States clients of C&IS and PFS. Clients include institutional and individual separately managed accounts, bank common and collective funds, registered investment companies, non-United States collective investment funds and unregistered private investment funds. NTGI offers both active and passive equity and fixed-income portfolio management, as well as alternative asset classes (such as private equity and hedge funds of funds) and traditional multi-manager products and services. NTGI's activities also include brokerage, securities lending, transition management and related services. Worldwide Operations and Technology

Source: Page 42

COMPANY PROFILE

Novartis AG ADR (NVS) Web Site: http://www.novartis.com/

Novartis AG is a Switzerland-based company, which is engaged in the research, development, manufacture and marketing of medicines. The Company's businesses are divided into four operating divisions: Pharmaceuticals, which comprises brand-name patented pharmaceuticals; Vaccines and Diagnostics, which focuses on human vaccines and molecular diagnostics; Sandoz, which comprises generic pharmaceuticals, and Consumer Health, which includes over-the-counter (OTC), animal health, Gerber and CIBA Vision. Novartis AG operates in approximately 140 countries. The Consumer Health Division's Medical Nutrition business unit has been classified as a discontinuing operation after announcements during the year ended December 31, 2006, to divest its activities. On April 20, 2006, Novartis completed its acquisition of Chiron Corporation. On July 14, 2006, it acquired NeuTec Pharma plc. On February 17, 2006, Novartis completed the sale of Nutrition & Sante. The Company is based in Basel, Switzerland. In July 2008, Novartis AG acquired a 25% stake in Alcon, Inc. from Nestle SA. In July 2008, the Company also acquired stake in Sppedel. As a result, the Company holds 61.4% interest in Speedel.

On September 1, 2007, the Company completed the divestment of the Gerber infant products Business Unit. On July 1, 2007, Novartis completed the divestment of the remainder of the Medical Nutrition Business Unit. On September 28, 2007, it entered into a strategic alliance with Intercell AG, an Austrian biotechnology company focused on vaccines development. In September 2007, the Company announced that Cubicin (daptomycin) has received European Commission approval for expanded use in helping patients suffering from two types of life- threatening bacterial infections that commonly occur during hospital stays, including infections caused by methicillin- resistant Staphylococcus aureus (MRSA) strains. In October 2007, the Company announced that the United States Food and Drug Administration (FDA) has granted the approval for Voltaren Gel, which is a non-steroidal, anti- inflammatory (NSAID) medication, for use in treating pain associated with osteoarthritis in joints amenable to topical treatment, such as the knees and those of the hands.

In October 2007, Novartis AG's Aclasta drug had been approved by the European Commission for once-yearly treatment of women with post-menopausal osteoporosis. In September 2007, Novartis has been granted marketing approval from European Union for its Galvus drug for treating Type 2 diabetes. In March 2007, it received approval from the FDA for its Tekturna (aliskiren) in the treatment of high blood pressure. In April 2007, the Company announced that its Reclast (zoledronic acid) drug has received FDA approval for the treatment of abnormal bone growth condition Paget's disease. Reclast, which is marketed as Aclasta in other countries, was approved for single- dose infusion. In April 2007, the Company acquired the rights to a late-stage cancer drug from Antisoma Plc.

In June 2007, the Company announced that its Optaflu, an influenza vaccine, has received European Union approval in all 27 member states, as well as Iceland and Norway. In June 2007, the Company also announced that FDA has given approval of Thrive (Nicotine Polacrilex Gum USP) two milligram and Thrive (Nicotine Polacrilex Gum USP) four milligram to help smokers quit smoking in 12 weeks. In July 2007, it received approval from the Swiss regulator to start selling its hypertension drug Rasilez. In July 2007, it also announced that Switzerland has granted the approval for Tasigna (nilotinib), a potent targeted cancer therapy for patients with a form of the life-threatening blood cancer chronic myeloid leukemia (CML) who are resistant or intolerant to treatment with Glive (imatinib). In August 2007, Novartis announced that Rasilez (aliskiren) has been approved for use in the European Union.

In September 2007, Novartis AG announced that it has completed an agreement with Bayer Schering related to various rights for the multiple sclerosis treatment, Betaseron (interferon beta-1b). As part of the transaction, Novartis transferred manufacturing responsibility to Bayer Schering for interferon beta-1b and received the one-time payment for the transfer of production equipment, inventory and the leasing of buildings at a site in Emeryville, California.

Pharmaceuticals Division

The Pharmaceuticals Division researches, develops, manufactures, distributes, and sells branded pharmaceuticals in therapeutic areas, which include Cardiovascular and Metabolism; Oncology and Hematology; Neuroscience; Respiratory; Infectious diseases, Transplantation and Immunology; Ophthalmics, Dermatology, Gastrointestinal and Urinary, and Arthritis and Bone. The Pharmaceuticals Division is organized into global business franchises responsible for the research, development and marketing of various products, as well as a Business Unit called Novartis Oncology responsible for the global development and marketing of oncology products. Source: Page 43

COMPANY PROFILE

Vaccines and Diagnostics Division

The Vaccines and Diagnostics Division is focused on the development of preventive vaccine treatments and diagnostic tools. This division has two activities: Novartis Vaccines and Chiron. Its products in this segment include meningococcal, pediatric and travel vaccines. Chiron is a blood testing and molecular diagnostics business dedicated to preventing the spread of infectious diseases through blood-screening tools.

Sandoz Division

The Sandoz Division is a global generic pharmaceuticals company that develops, produces and markets drugs, as well as pharmaceutical and biotechnological active substances. The Sandoz Division has activities in Retail Generics, Anti-Infectives and Biopharmaceuticals. In Retail Generics, Sandoz develops and manufactures active ingredients and finished dosage forms of medicines no longer covered by patents. Retail Generics also supplies certain active ingredients to third parties. In Anti-Infectives, Sandoz develops and manufactures off-patent active pharmaceutical ingredients and intermediates, mainly antibiotics, for internal use by Retail Generics and for sale to third-party customers. In Biopharmaceuticals, Sandoz develops and manufactures protein- or biotechnology-based products no longer protected by patents and provides biotech manufacturing to other companies on a contract basis. Sandoz offers more than 950 compounds in over 5 000 dosage forms in more than 130 countries.

Consumer Health Division

The Consumer Health Division consists of three Business Units: over-the-counter (OTC) medicines, Animal Health and CIBA Vision. OTC offers over-the-counter self medications, Animal Health provides veterinary products for farm and companion animals and the CIBA Vision Business Unit markets contact lenses, lens care products and ophthalmic products.

Source: Page 44

COMPANY PROFILE

NSTAR (NST) Web Site: http://www.nstaronline.com/

NSTAR is a holding company engaged in the energy delivery business. The Company through its subsidiaries, is involved in serving approximately 1.4 million customers in Massachusetts, including approximately 1.1 million electric distribution customers in 81 communities and approximately 300,000 natural gas distribution customers in 51 communities. NSTAR derives its revenues from the sale of energy, distribution and transmission services to customers. NSTAR’s operating segments are the electric and natural gas utility operations that provide energy delivery services in 107 cities and towns in Massachusetts. Effective January 1, 2007, ComElectric, Cambridge Electric and Canal merged into Boston Edison. Pursuant to the merger, Boston Edison was renamed NSTAR Electric Company (NSTAR Electric).

NSTAR’s retail natural gas distribution utility subsidiary is NSTAR Gas Company. NSTAR’s nonutility, unregulated operations include district energy operations through its Advanced Energy Systems, Inc. (AES) subsidiary, telecommunications operations (NSTAR Com) and a liquefied natural gas service company (Hopkinton). Harbor Electric Energy Company, a wholly owned subsidiary of NSTAR Electric, which provides distribution service and ongoing support to the Massachusetts Water Resources Authority.

NSTAR Electric

NSTAR Electric supplies electricity at retail to an area of 1,702 square miles. The territory served is located in Massachusetts and includes the City of Boston and 80 surrounding cities and towns, including Cambridge, New Bedford, and Plymouth and the geographic area comprising Cape Cod and Martha’s Vineyard. The population of this area is approximately 2.3 million. Retail electric delivery rates are established by the Department of Public Utilities (DPU) and are comprised of distribution charges, transition charges, transmission charges, energy conservation charges and renewable energy charges. NSTAR Electric fully recovers its energy costs, including costs related to charge offs of uncollected energy costs, through DPU approved rate mechanisms. As of December 31, 2007, NSTAR Electric’s primary and secondary transmission and distribution system consisted of approximately 21,600 circuit miles of overhead lines, 12,830 circuit miles of underground lines, 257 substation facilities and 1,158,500 active customer meters.

NSTAR Gas

NSTAR Gas distributes natural gas to approximately 300,000 customers in 51 communities in central and eastern Massachusetts covering 1,067 square miles and having a population of 1.2 million. Twenty five of these communities are served with electricity by NSTAR Electric. Some of the communities served by NSTAR Gas include Cambridge, Somerville, New Bedford, Plymouth, Worcester, Framingham, Dedham and the Hyde Park area of Boston. NSTAR Gas generates revenues through the sale and/or transportation of natural gas. Gas sales and transportation services are divided into two categories: firm, whereby NSTAR Gas supplies gas and/or transportation services to customers on demand; and interruptible, whereby NSTAR Gas temporarily discontinues service to high volume commercial and industrial customers. NSTAR Gas’ tariffs include a seasonal cost of gas adjustment clause (CGAC) and a local distribution adjustment clause (LDAC). The CGAC provides for the recovery of all gas supply costs from firm sales customers. The LDAC provides for the recovery of costs applicable to both sales and transportation customers.

Unregulated Operations

NSTAR’s unregulated operations segment engages in businesses that include district energy operations, telecommunications and liquefied natural gas service. District energy operations are provided through its AES subsidiary that sells chilled water, steam and electricity to hospitals, teaching and research facilities located in Boston’s Longwood Medical Area. Telecommunications services are provided through NSTAR Com, which installs, owns, operates and maintains a wholesale transport network for other telecommunications service providers in the metropolitan Boston area to deliver voice, video, data and Internet services to customers. NSTAR Com’s telecommunications service owns approximately 200 miles of fiber optic network which represents approximately 79,000 fiber miles of network.

Source: Page 45

COMPANY PROFILE

Oracle Corporation (ORCL) Web Site: http://www.oracle.com/

Oracle Corporation (Oracle), incorporated in 2005, is an enterprise software company. The Company develops, manufactures, markets, distributes and services database and middleware software, as well as applications software that help organizations to manage their businesses. Oracle is organized into two businesses: software and services. These businesses are further divided into five operating segments. Its software business consists of two operating segments, new software licenses, and software license updates and product support. Its services business consists of three operating segments, consulting, On Demand and education. The Company's software business represented 80% of its total revenues and its services business represented 2o% of total revenues during the fiscal year ended May 31, 2008 (fiscal 2008).

In June 2008, the Company announced the formation of a Global Business Unit focused on software applications for the health sciences industry. The Oracle Health Sciences Global Business Unit will help health sciences organizations discover, develop and market products and services to prevent and cure diseases. On April 29, 2008, the Company completed the acquisition of BEA Systems, Inc. In September 2007, the Company acquired Bridgestream, Inc., a provider of enterprise role management software. In December 2007, the Company announced that it acquired Moniforce, a software vendor for monitoring the availability and performance of any Web application.

Software Business

The Company's new software licenses include the licensing of database and middleware software, which consists of Oracle Database and Oracle Fusion Middleware, as well as applications software. Its technology and business solutions are based on an Internet model that comprises of interconnected database servers, application servers, Web servers and computers, as well as mobile devices. This architecture enables users to access business data and applications through a universally adopted Web browser interface, as well as provides enterprises with methods of managing business information and applications. Oracle technology operates on single server or clustered server configurations, and supports a choice of operating systems, including Linux, UNIX and Windows. New software license revenues include fees earned from granting customers licenses to use the Company's software products, and exclude revenues derived from software license updates and product support. New software license revenues represented 34% of the Company's total revenues during fiscal 2008.

The Company’s database and middleware software provides a platform for running and managing business applications for mid-size businesses and large global enterprises. The ability to assign computing resources as required simplifies its customers’ computing capacity, planning and procurement in order to support all of their business applications. With an Oracle grid infrastructure, its customers can lower their investment in information technology (IT) hardware. New software license revenues from database and middleware products represented 68% of new software license revenues in fiscal 2008.

Oracle Enterprise Manager is designed to monitor service levels and performance, automate tasks, manage configuration information, and provide change management in a unified way across groups of computers or grids. Oracle Enterprise Manager’s provisioning automates the discovery, tracking and scheduling of software patches and allows IT administrators to apply patches without taking their system down. Additionally, IT administrators can manage systems from anywhere through an hypertext markup language (HTML) browser or through wireless personal digital assistants (PDAs).

Oracle Fusion Middleware is the brand for Oracle's portfolio of middleware products, which include Oracle Application Server, Oracle Identity and Access Management Suite, Oracle Webcenter Suite, Oracle Business Intelligence Suite, Oracle Enterprise Content Management Suite, Oracle WebCenter, Oracle JDeveloper and Oracle Service-Oriented Architecture Suite, and Oracle Data Integration Suite. Oracle Fusion Middleware is designed to protect its customers’ IT investments and work with both Oracle and non-Oracle Database, Applications and Middleware products through its hot-pluggable architecture and adherence to industry standards, such as J2EE and Business Process Execution Language (BPEL).

Source: Page 46

COMPANY PROFILE

Oracle Business Intelligence (BI) provides visibility into how customers’ businesses are performing and helps them plan and model to improve that performance. BI is a portfolio of technology and applications that provides an integrated end-to-end system called Enterprise Performance Management (EPM) that unites the Company’s BI foundation and data warehousing products with the Company’s BI and EPM applications to offer its customers an enterprise-wide business intelligence platform.

The Company’s BI foundation products include Oracle BI Suite Enterprise Edition Plus, Oracle BI Standard Edition One, Hyperion Essbase and Oracle BI Publisher. Its BI foundation products deliver customers a comprehensive set of business intelligence tools, including interactive dashboards, ad hoc query and analysis, proactive detection and alerts, advanced reporting and publishing, real-time predictive intelligence, mobile analytics and desktop gadgets.

The Company provides software license updates and product support to its customers. Software license updates provide customers with rights to unspecified software product upgrades and maintenance releases and patches released during the term of the support period. Product support includes Internet and telephone access to technical support personnel located in the Company’s global support centers, as well as Internet access to technical content. Substantially all of its customers purchase software license updates and product support when they acquire new software licenses. In addition, substantially all of its customers renew their software license updates and product support contracts annually. The Company also offers Oracle Unbreakable Linux Support, which provides enterprise level support for the Linux operating system and, in fiscal 2008, it introduced support for Oracle VM server virtualization software. Software license updates and product support revenues represented 46% of Oracle's total revenues in fiscal 2008.

Services Business

Oracle Consulting assists customers in accessing the business value in the Company's applications and technology using business requirements analysis, design, configuration, as well as support and other services, such as preconfigured business flows. The Company deploys professionals globally through various delivery capabilities, including use of personnel from offshore delivery centers and applications solutions centers to leverage economies of scale for its customers. Consulting revenues represented 15% of total revenues in fiscal 2008.

On Demand includes Oracle On Demand and Advanced Customer Services. Oracle On Demand provides multi- featured software and hardware management and maintenance services for Oracle's database, middleware and applications software. The Company has expanded its Oracle On Demand offerings with the addition of Siebel's CRM On Demand. Advanced Customer Services consists of configuration and performance analysis, personalized support and annual onsite technical services. On Demand revenues represented 3% of total revenues in fiscal 2008. The Company provides training to customers, partners and employees. Its training is provided primarily through public and private instructor-led classroom events, but is also made available through a variety of online courses and self-paced media training on compact disc and read-only memories (CD-ROMs). Education revenues represented 2% of total revenues in fiscal 2008.

The Company competes with Sun Microsystems, Inc., Microsoft Corporation, Solaris, Hewlett Packard Company, International Business Machines Corporation’s, Sybase, Inc., NCR Corporation, SAS Institute, Inc., Informatica Corporation, SAP AG, Sun Microsystems, Progress Software, Fujitsu Software Corporation, Hitachi Software Engineering Co., Ltd., Red Hat, Inc. (JBoss), Apache Geronimo, Netezza Corporation, TIBCO Software, Inc., Software AG, Savvion, Inc., Microstrategy, Inc., CA, Inc., Informatica, Novell, Inc., Lombardi Software, Inc., Pegasystems, Inc., EMC Corporation, Open Text Corporation, Interwoven, Inc., Vignette Corporation, Eclipse Foundation, Inc., SAP AG, Lawson Software, Inc., Infor Global Solutions GmbH, Microsoft Dynamics, Sage, Inc., Accenture Ltd., IBM Global Services, Automatic Data Processing, Inc., Fidelity Investments, Ceridian Corporation, Hewitt-Cyborg Limited, Novell, Canonical Ltd., VMware, Inc., Citrix Systems, Inc., Accenture, Electronic Data Systems Corporation, IBM Global Services, Bearing Point, Inc. and CapGemini Group.

Source: Page 47

COMPANY PROFILE

Pepco Holdings, Inc. (POM) Web Site: http://www.pepcoholdings.com

Pepco Holdings, Inc. (PHI), incorporated in 2001, is a diversified energy company, which, through its operating subsidiaries, is engaged primarily in two businesses: electricity and natural gas delivery (Power Delivery), conducted through the regulated public utility companies, including Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL), and Atlantic City Electric Company (ACE), and competitive energy generation, marketing and supply (Competitive Energy) conducted through subsidiaries of Conectiv Energy Holding Company (Conectiv Energy) and Pepco Energy Services, Inc. (Pepco Energy Services).

Power Delivery

The largest component of PHI’s business is Power Delivery, which consists of the transmission, distribution and default supply of electricity. A minor portion of the Power Delivery business consists of the supply and distribution of natural gas. During the year ended December 31, 2007, PHI’s Power Delivery operations produced 56% of its consolidated operating revenues (including revenue from inter-company transactions) and 66% of PHI’s consolidated operating income (including income from inter-company transactions). Each of Pepco, DPL and ACE is a regulated public utility in the jurisdictions that comprise its service territory. Each company owns and operates a network of wires, substations and other equipment that is classified either as transmission or distribution facilities. Transmission facilities are high-voltage systems that carry wholesale electricity into, or across, the utility’s service territory. Distribution facilities are low-voltage systems that carry electricity to end-use customers in the utility’s service territory.

Pepco is engaged in the transmission, distribution and default supply of electricity in Washington, District of Columbia and portions of Prince George’s and Montgomery Counties in suburban Maryland. Pepco’s service territory covers approximately 640 square miles and has a population of approximately 2.1 million. As of December 31, 2007, Pepco delivered electricity to 760,000 customers (of which 241,800 were located in the District of Columbia and 518,200 were located in Maryland). DPL is engaged in the transmission, distribution and default supply of electricity in Delaware and portions of Maryland and Virginia (until the sale of its Virginia operations on January 2, 2008). In northern Delaware, DPL also supplies and distributes natural gas to retail customers and provides transportation-only services to retail customers that purchase natural gas from other suppliers. On January 2, 2008, DPL completed the sale of its retail electric distribution business on the Eastern Shore of Virginia to A&N Electric Cooperative (A&N) and the sale of its wholesale electric transmission business located on the Eastern Shore of Virginia to Old Dominion Electric Cooperative (ODEC). DPL provides regulated natural gas supply and distribution service to customers in a service territory consisting of a portion of New Castle County in Delaware.

Competitive Energy

The Company’s Competitive Energy business is engaged in the generation of electricity and the non-regulated marketing and supply of electricity and natural gas, and related energy management services, primarily in the mid- Atlantic region. During 2007, PHI’s Competitive Energy operations produced 48% of its consolidated operating revenues. During 2007, PHI’s Competitive Energy operations produced 26% of its consolidated operating income. Conectiv Energy also supplies electric power to Pepco, DPL and ACE. As of December 31, 2007, Conectiv Energy owned and operated mid-merit plants with a combined 2,725 megawatts of capacity, peak-load plants with a combined 639 megawatts of capacity and base-load generating plants with a combined 340 megawatts of capacity.

Pepco Energy Services provides retail energy supply and energy services primarily to commercial, industrial, and government customers. Pepco Energy Services sells electricity, including electricity from renewable resources, to customers located primarily in the mid-Atlantic and northeastern regions of the United States and the Chicago, Illinois area. As of December 31, 2007, Pepco Energy Services’ estimated retail electricity backlog was 31.8 million megawatt hours for delivery through 2013. Pepco Energy Services also sells natural gas to customers primarily located in the mid-Atlantic region. Pepco Energy Services also provides energy savings performance contracting services principally to federal, state and local government customers, and owns and operates district energy systems in Atlantic City, New Jersey and Wilmington, Delaware and sells steam and chilled water to customers in those cities. Pepco Energy Services also designs, constructs, and operates combined heat and power and central energy plants. Source: Page 48

COMPANY PROFILE

PepsiCo, Inc. (PEP) Web Site: http://www.pepsico.com/

PepsiCo, Inc. (PepsiCo), incorporated in 1919, is a global snack and beverage company. The Company manufactures, markets and sells a range of salty, convenient, sweet and grain-based snacks, carbonated and non- carbonated beverages and foods. The Company is organized into four divisions: Frito-Lay North America (FLNA), PepsiCo Beverages North America (PBNA), PepsiCo International (PI) and Quaker Foods North America (QFNA). Its North American divisions operate in the United States and Canada. Its international division sells products in approximately 200 countries, with operations in Mexico and the United Kingdom.

In August 2008, PepsiCo and The Pepsi Bottling Group, Inc. announced that they have completed a joint acquisition of a 75.53% stake in JSC Lebedyansky. In May 2008, PepsiCo and The Pepsi Bottling Group, Inc., through their PR Beverages Limited joint venture in Russia, completed acquisition of Sobol-Aqua JSC. Sobol is a beverage manufacturing company based in Novosibirsk, Russia. In April 2008, PepsiCo announced the acquisition of V Water, a vitamin water brand in the United Kingdom. On January 2, 2007, it acquired Naked Juice fruit beverages, and during the year ended December 31, 2007, it completed the acquisition of Bluebird snacks in New Zealand. In November 2007, PepsiAmericas, Inc. and PepsiCo jointly acquired the remaining 20% of Sandora, LLC (Sandora), a juice company in Ukraine. PepsiAmericas and PepsiCo originally purchased an 80% interest in Sandora through a joint venture in August 2007. PepsiAmericas holds a 60% interest in Sandora, and PepsiCo holds 40% interest in Sandora.

Frito-Lay North America

FLNA manufactures or uses contract manufacturers, markets, sells and distributes branded snacks. These snacks include Lay’s potato chips, Doritos tortilla chips, Tostitos tortilla chips, Cheetos cheese flavored snacks, branded dips, Fritos corn chips, Ruffles potato chips, Quaker Chewy granola bars, SunChips multigrain snacks, Rold Gold pretzels, Santitas tortilla chips, Grandma’s cookies, Frito-Lay nuts, Munchies snack mix, Gamesa cookies, Funyuns onion flavored rings, Quaker Quakes corn and rice snacks, Miss Vickie’s potato chips, Stacy’s pita chips, Smartfood popcorn, Chester’s fries, branded crackers and Flat Earth crisps. FLNA branded products are sold to independent distributors and retailers.

PepsiCo Beverages North America

PBNA manufactures or uses contract manufacturers, markets and sells beverage concentrates, fountain syrups and finished goods, under various beverage brands including Pepsi, Mountain Dew, Gatorade, Tropicana Pure Premium, Sierra Mist, Propel, Tropicana juice drinks, Dole, SoBe Life Water, Naked juice and Izze. PBNA also manufactures or uses contract manufacturers, markets and sells ready-to-drink tea, coffee and water products through joint ventures with Unilever (under the Lipton brand name) and Starbucks. In addition, PBNA licenses the Aquafina water brand to its bottlers and markets this brand. PBNA sells concentrate and finished goods for some of these brands to authorized bottlers, and some of these branded products are sold directly by the Company to independent distributors and retailers. The bottlers sell its brands as finished goods to independent distributors and retailers.

PepsiCo International

PI manufactures through consolidated businesses, as well as through non-controlled affiliates, a number of salty and sweet snack brands, including Gamesa, Lay’s, Doritos, Walkers, Cheetos, Ruffles and Sabritas. Further, PI manufactures or uses contract manufacturers, markets and sells many Quaker brand cereals and snacks. PI also manufactures, markets and sells beverage concentrates, fountain syrups and finished goods under the brands Pepsi, 7UP, Mirinda, Mountain Dew, Gatorade and Tropicana. These brands are sold to authorized bottlers, independent distributors and retailers. However, in certain markets, PI operates its own bottling plants and distribution facilities. PI also manufactures or uses contract manufacturers, markets and sells ready-to-drink tea products through a joint venture with Unilever (under the Lipton brand name). In addition, PI licenses the Aquafina water brand to certain of its authorized bottlers.

Source: Page 49

COMPANY PROFILE

Quaker Foods North America

Quaker Foods North America (QFNA) manufactures or uses contract manufacturers, markets and sells cereals, rice, pasta and other branded products. QFNA’s products include Quaker oatmeal, Aunt Jemima mixes and syrups, Life cereal, Cap’n Crunch cereal, Quaker grits, Rice-A-Roni, Pasta Roni and Near East side dishes. These branded products are sold to independent distributors and retailers.

During 2007, the Company announced a realignment of its organizational structure into three business units: PepsiCo Americas Foods (PAF), which includes FLNA, QFNA and all of its Latin American food and snack businesses (LAF), including its Sabritas and Gamesa businesses in Mexico; PepsiCo Americas Beverages (PAB), which includes PBNA and all of its Latin American beverage businesses, and PepsiCo International (PI), which includes all PepsiCo businesses in the United Kingdom, Europe, Asia, Middle East and Africa. In 2008, the Company’s three business units will consist of six segments: FLNA, QFNA, LAF, PAB, United Kingdom and Europe, and Middle East, Africa and Asia.

PepsiCo competes with The Coca-Cola Company.

Source: Page 50

COMPANY PROFILE

Pfizer Inc. (PFE) Web site: http://www.pfizer.com/

Pfizer Inc. (Pfizer), incorporated on June 2, 1942, is a research-based, global pharmaceutical company. The Company discovers, develops, manufactures and markets prescription medicines for humans and animals. It operates in two business segments: Pharmaceutical and Animal Health. The Company also operates several other businesses, including the manufacture of gelatin capsules, contract manufacturing and bulk pharmaceutical chemicals. In June 2008, Pfizer completed the acquisition of all remaining outstanding shares of common stock of Encysive Pharmaceuticals, Inc. through a merger of Pfizer's wholly owned subsidiary, Explorer Acquisition Corp., with and into Encysive.

In January 2008, the Company completed the acquisition of Coley Pharmaceutical Group, Inc., a company whose area of capability is immunotherapy with emphasis on Toll-like receptor research and development. In January 2008, it completed the acquisition of CovX Research LLC, which is a biotherapeutics company focused on preclinical oncology and metabolic research and a developer of a technology platform.

Pharmaceutical

The Company’s Pharmaceutical business segment includes products that treat cardiovascular and metabolic diseases, central nervous system disorders, arthritis and pain, infectious and respiratory diseases, Urology; oncology; ophthalmology and endocrine disorders. As of October 2007, the company’s portfolio of medicines included seven medicines. Lipitor, for the treatment of elevated cholesterol levels in the blood, is a treatment used for lowering cholesterol. Norvasc is a medicine for treating hypertension. Caduet is a single pill therapy combining Lipitor and Norvasc for prevention of cardiovascular events. Chantix/Champix is a prescription treatment for smoking cessation became available to patients in the United States in August 2006. It also is available in over 20 European markets, a well as Canada, Australia, Korea, Brazil and Mexico.

Lyrica is an adjuctive therapy for adults with partial onset epileptic seizures. In June 2007, Lyrica was approved in the United States for the management of fibromyalgia, one of the chronic pain conditions. Geodon/Zeldox, a psychotropic agent, is a dopamine and serotonin receptor antagonist indicated for the treatment of schizophrenia and acute manic or mixed episodes associated with bipolar disorder. Aricept, discovered and developed by Eisai Co., Ltd., is a medicine to treat symptoms of Alzheimer’s disease. The Company co-promotes Aricept with Eisai in the United States, and other countries and has a license to sell this medicine in certain other countries. Zoloft is indicated for the treatment of depressive disorder, panic disorder, obsessive-compulsive disorder in adults and children, post-traumatic stress disorder (PTSD), premenstrual dysphoric disorder (PMDD) and social anxiety disorder (SAD). Celebrex is for the treatment of osteoarthritis, adult rheumatoid arthritis, acute pain, menstrual pain and familial adenomatous polyposis. Celebrex also was approved by the FDA in July 2005, and in Europe in February 2007, for the treatment of ankylosing spondylitis, a form of spinal arthritis, and in December 2006, for the treatment of juvenile rheumatoid arthritis.

Vfend is a treatment that can be administered orally or intravenously for certain serious and potentially fatal fungal infections, for the treatment of esophageal candidiasis and for the treatment of certain blood stream infections in non-neutropenic patients (those without low white blood cell counts). Vfend is also available in an oral-suspension formulation suitable for patients unable to swallow the tablet form. Zyvox is for the treatment of bacterial infections, which are caused by drug-resistant bacteria, and the treatment of diabetic foot infections. Zyvox is available in intravenous, tablet and oral-suspension formulations. Selzentry/Celsentri was approved in the United States in August 2007, and in Europe in September 2007, and is indicated for combination anti- retroviral treatment of treatment-experienced adults infected with only CCR5-tropic HIV-1 detectable, who have evidence of viral replication and has HIV-1 strains resistant to multiple anti-retroviral agents. Viagra remains the treatment for erectile dysfunction (ED). Detrol is a product for the treatment of overactive bladder. Detrol LA is an extended-release formulation of this medicine, taken once a day.

Camptosar, which is marketed under the name Campto in many countries outside the United States, is indicated as first-line therapy for metastatic colorectal cancer in combination with five-fluorouracil and leucovorin. Sutent is an oral multi-kinase inhibitor that combines anti-angiogenic and anti-tumor activity to inhibit the blood supply to tumors. Sutent was approved by the FDA and launched in the United States in January 2006, for renal cell carcinoma, Source: Page 51

COMPANY PROFILE including metastic renal cell carcinoma, and gastrointestinal stromal tumors (GIST) after disease progression on or intolerance to imatinib mesylate. In January 2007, Sutent received marketing authorization and extension of the indication to first-line treatment of metastatic renal cell carcinoma, as well as approval for second-line treatment of GIST in the European Union.

Xalatan/Xalacom is a glaucoma medicine used to treat open-angle glaucoma and ocular hypertension. Genotropin is a human recombinant growth hormone. Genotropin is used for the treatment of various growth disorders in children and adults. Novo Nordisk has granted the Company a license to sell Genotropin in the United States. Zyrtec is for the treatment of year-round indoor and seasonal outdoor allergies and hives in adults and children. The Company lost United States exclusivity for Zyrtec in January 2008. Since the Company sold its rights to market Zyrtec over-the- counter in connection with the sale of its Consumer Healthcare business, Pfizer ceased selling this product in January 2008.

Animal Health

Pfizer’s Animal Health business segment discovers, develops and sells products for the prevention and treatment of diseases in livestock and companion animals. Among the products the Company markets are parasiticides, anti- inflammatories, antibiotics, vaccines, antiemetics and anti-obesity agents. Parasiticides is a segment of the animal health market for companion animals, consisting of medicines for the control of parasites, such as fleas and heartworm. The Company’s product, Revolution, is the parasiticide for dogs and cats. Rimadyl relieves pain and inflammation associated with canine osteoarthritis and soft tissue orthopedic surgery. Rimadyl is an arthritis pain medication prescribed by veterinarians available in chewable tablets, regular caplets and in an injectable formulation. Clavamox/Synulox is an antibiotic for skin and soft tissue infections in dogs and cats. Pfizer’s vaccine portfolio for livestock includes RespiSureOne/StellamuneOne, a single-dose vaccine used to prevent pneumonia in swine, and Bovi-Shield Gold, a cattle vaccine for reproductive and respiratory protection. Dectomax injectable and pour-on formulations remove and control internal and external parasites in beef cattle. Draxxin is an effective and convenient single dose antibiotic used to treat infections in cattle and swine. Excede is an effective and convenient single-dose antibiotic used to treat infections in dairy cows, beef cattle and swine.

Source: Page 52

COMPANY PROFILE

Procter & Gamble Company (PG) Web Site: http://www.pg.com

Procter & Gamble Company, incorporated in 1905, is focused on providing branded consumer goods. The Company’s products are sold in over 180 countries around the world primarily through mass merchandisers, grocery stores, membership club stores, drug stores and in high-frequency stores, the neighborhood stores, which serve consumers in developing markets. During the fiscal year ended June 30, 2008 (fiscal 2008), one product category accounted for 10% or more of consolidated net sales. The laundry category constituted approximately 16% of net sales during fiscal 2008. In fiscal 2008, the Company was organized into three Global Business Units: Beauty; Health and Well-Being, and Household Care. The Company had six business segments under United States Generally Accepted Accounting Principles (GAAP): Beauty; Grooming; Health Care; Snacks, Coffee and Pet Care; Fabric Care and Home Care, and Baby Care and Family Care.

The Company’s customers include mass merchandisers, grocery stores, membership club stores, drug stores and high-frequency stores. Sales to Wal-Mart Stores, Inc. and its affiliates represent approximately 15% of its total revenue during fiscal 2008. No other customer represents more than 10% of its net sales. The Procter & Gamble Company’s top 10 customers account for approximately 31% of its total unit volume during fiscal 2008.

Beauty

The Procter & Gamble Company a global player in beauty. This segment consists of blades and razors, face and shave preparation products (such as shaving cream), electric hair removal devices and small household appliances. The Company’s electric hair removal devices and small home appliances are sold under the Braun brand in a number of markets around the world. Its primary focus in this area is in electric hair removal devices, such as electric razors and epilators.

Health and Well-Being

The Company is a global player in the feminine care category. It also operates in non-prescription heartburn medications and in respiratory treatments. The vast majority of its pet care business is in North America.

Household Care

This segment consists of a variety of fabric care products, including laundry cleaning products and fabric conditioners; home care products, including dish care, surface cleaners and air fresheners, and batteries. The Company’s family care business is predominantly a North American business comprised primarily of the Bounty paper towel and Charmin toilet tissue brands.

Source: Page 53

COMPANY PROFILE

Progress Energy, Inc. (PGN) Web Site: http://www.progress-energy.com/

Progress Energy, Inc. (Progress Energy), incorporated on August 19, 1999, is an integrated electric utility holding company primarily engaged in the regulated utility business. The Company’s wholly owned regulated subsidiaries, Carolina Power & Light Company (PEC) and Florida Power Corporation (PEF) (collectively, the Utilities), each a business segment, are primarily engaged in the generation, transmission, distribution and sale of electricity in portions of North Carolina, South Carolina and Florida. The Utilities have more than 21,000 megawatts of regulated electric generation capacity and serve approximately 3.1 million retail electric customers, as well as other load- serving entities. The Utilities operate in retail service territories. The Corporate and Other segment primarily includes the operations of the Company and Progress Energy Service Company, LLC (PESC). It also includes miscellaneous non-regulated businesses. The Company’s former Coal and Synthetic Fuels segment was involved in non-regulated activities, including the production and sale of coal-based solid synthetic fuels, the operation of synthetic fuels facilities for third parties and coal terminal services.

In March 2008, the Company closed on the agreements to sell Powell Mountain Coal Company, Dulcimer Land Company and Kanawha River Terminals. During the year ended December 31, 2007, the Company abandoned its synthetic fuels businesses and permanently ceased production of synthetic fuels at its majority-owned facilities. In 2007, the Company’s subsidiary, Progress Ventures, Inc., completed the divestiture of its Competitive Commercial Operations (CCO).

Electric-PEC

PEC is a regulated public utility company primarily engaged in the generation, transmission, distribution and sale of electricity in portions of North and South Carolina. At December 31, 2007, PEC had a total summer generating capacity (including jointly owned capacity) of 12,414 megawatts. PEC distributes and sells electricity in North Carolina and north eastern South Carolina. The service territory covers approximately 34,000 square miles, including a substantial portion of the coastal plain of North Carolina extending from the Piedmont to the Atlantic coast between the Pamlico River and the South Carolina border, the lower Piedmont section of North Carolina, an area in western North Carolina in and around the city of Asheville and an area in the north eastern portion of South Carolina. At December 31, 2007, PEC was providing electric services, retail and wholesale, to approximately 1.4 million customers. Major wholesale power sales customers include North Carolina Eastern Municipal Power Agency (Power Agency), North Carolina Electric Membership Corporation and Public Works Commission of the City of Fayetteville, North Carolina (PWC). PEC has three hydroelectric generating plants: Walters, Tillery and Blewett. PEC also owns the Marshall Plant. The total maximum dependable capacity for all four units is 225 megawatts. PEC’s 18 generating plants represent a flexible mix of fossil, nuclear, hydroelectric, combustion turbines and combined cycle resources, with a total summer generating capacity of 12,414 megawatts.

Electric-PEF

PEF is an operating public utility engaged in the generation, transmission, distribution and sale of electricity in portions of Florida. At December 31, 2007, PEF had a total summer generating capacity (including jointly owned capacity) of 9,362 megawatts. PEF’s service territory covers approximately 20,000 square miles in west central Florida, and includes the areas around Orlando, as well as the cities of St. Petersburg and Clearwater. PEF is interconnected with 22 municipal and nine rural electric co-operative systems. At December 31, 2007, PEF was providing electric services, retail and wholesale, to approximately 1.6 million customers. Major wholesale power sales customers include Seminole Electric Cooperative, Inc., Reedy Creek Improvement District, Tampa Electric Company, and the cities of Bartow and Winter Park. PEF’s 14 generating plants represent a flexible mix of fossil, nuclear, combustion turbine and combined cycle resources, with a total summer generating capacity of 9,362 megawatts.

Source: Page 54

COMPANY PROFILE

SAP AG (SAP) Web Site: http://www.sap.com/

SAP AG together with its subsidiaries (SAP), incorporated in 1972, is engaged in developing and licensing business software solutions. SAP also sells support, consulting, training and other services associated with its software products. As of December 31, 2007, it had 46,100 customers in over 120 countries. SAP consisted of SAP AG and its network of 139 operating subsidiaries. The Company has three segments: product, consulting and training. The Company’s solutions serve the customers in six industry sectors: process, discrete, consumer, service, financial services and public services. SAP acquired Business Objects S.A in January 2008. During the year ended December 31, 2007, SAP acquired assets of Yasu Technologies Private Ltd., India and Arabian Company for Systems, Applications and Products in Data Processing Ltd., Jeddah, Kingdom of Saudi Arabia. SAP acquired MaXware AS, Lysaker (Norway) in May 2007. In February 2007, SAP acquired Pilot Software Inc. SAP acquired Wicom Communication Ltd, Espoo in May 2007. SAP acquired OutlookSoft Corp. in June 2007. SAP acquired Silk Europe N.V., Belgium in November 2007.

The product segment is engaged in marketing and licensing its software products and providing support for software products. Support includes technical support for products, assistance in resolving problems, providing user documentation, unspecified software upgrades, updates and enhancements. The product segment also performs certain custom development projects. The product segment includes the lines of business sales, marketing and service and support. The consulting segment is engaged in the implementation of its software products. The training segment is engaged in providing educational services on the use of its software products and related topics for customers and partners. Training services include traditional classroom training at SAP training facilities, customer and partner-specific training and end-user training, as well as e-learning.

In 2007, SAP launched SAP Business ByDesign, which is designed based on enterprise. SAP also develops software solutions for business users, identified as those who primarily work in unstructured processes and across organizational boundaries, and who demand real-time contextual information to support better decision-making, are not leveraging corporate assets resident in enterprise applications. In July 2007, SAP announced the availability of the second enhancement package for the SAP enterprise resource planning (ERP) application. Next to functional enhancements, the package included specific innovations for the media, utilities, telecommunications, and retail industries. It announced the third enhancement package in December 2007. It delivers reporting, financial, human resource management, and quality management capabilities.

In December 2007, SAP introduced a version of SAP customer relationship management (CRM), which offers enhancements, such as real-time offer management, trade promotions management, business communications, and pipeline performance management. Through SAP supply chain management (SCM) 2007, SAP extended its supply chain management offering, with its functionalities for supply network collaboration, extended warehouse management, transportation management, and sales and operations planning. In 2007, SAP introduced an on- demand electronic purchasing solution, such as SAP SRM.

SAP Applications

SAP applications provide the software foundation, with which organizations address their business issues. These include general-purpose applications and industry-specific applications. General-purpose applications include the SAP Business Suite family of business applications, which consists of SAP ERP (which is made up of the solutions, such as: SAP ERP Human Capital Management (SAP ERP HCM), SAP ERP Financials, SAP ERP Operations, and SAP ERP Corporate Services), SAP Customer Relationship Management (SAP CRM), SAP Product Lifecycle Management (SAP PLM), SAP Supply Chain Management (SAP SCM), and SAP Supplier Relationship Management (SAP SRM). These applications can be licensed individually or together as a suite, and in some cases, such as with customer relationship management, customers can choose to license the software as on-demand solutions. In addition, SAP offers various cross-industry optional applications, such as SAP Global Trade Management, Environment, Health & Safety, Duet, and SAP solutions for radio frequency identification (RFID).

Industry-specific applications perform defined business functions in particular industries. These applications often are delivered as add-ons to general-purpose applications, particularly to the SAP ERP application. Some industry- specific applications run stand-alone, and others require SAP ERP or other SAP Business Suite applications. Source: Page 55

COMPANY PROFILE

Industry-specific applications include the SAP Apparel and Footwear application for the consumer products industry and the SAP Reinsurance Management application for the insurance industry. For enterprises, SAP offers more than 25 solution portfolios for industries. SAP’s solution portfolios encompass the six industry segments: process industries, discrete industries, consumer industries, services industries, financial services and public services.

SAP offers the SAP Business One application, the SAP Business All-in-One solutions, and the SAP Business ByDesign solution. SAP Business One targets small businesses with less than one hundred employees and offers capabilities for various work involved in managing a small business, such as bookkeeping, reporting, sales and marketing, purchasing, and warehousing and inventory. It is developed by SAP and delivered by SAP channel partners who provide local services and support. SAP All-in-One solutions are designed to meet the requirements of midsize companies of up to 2,500 employees, and offer preconfigured industry-specific solutions for rapid deployment. The SAP Business All-in-One solutions are developed and sold by SAP, and deployed and supported by either SAP or an experienced partner. SAP Business ByDesign is developed, sold and supported by SAP and provided, as an on-demand solution for midsize companies.

The SAP NetWeaver Technology Platform

The SAP NetWeaver technology platform is the foundation of SAP’s approach to a service-oriented architecture. SAP NetWeaver provides support for information technology (IT) practices that enable customers to map their business problems to IT solutions by using combinations of SAP NetWeaver preintegrated functions. SAP released the SAP NetWeaver Composition Environment offering, a lean, integrated, standards-based development, modeling, and runtime environment. In August 2007, SAP released the SAP NetWeaver Enterprise Search offering. It is designed to provide access to information and processes in SAP and non-SAP systems. SAP’s version of the SAP NetWeaver Mobile offering provides scalable middleware to manage mobile devices and security functions.

SAP Services

The SAP Services portfolio of service offerings includes consulting, education, support, custom development and managed services. The service offerings are categorized into software-related services, and professional and other services. Software-related services include support services provided by the SAP Active Global Support organization and custom development provided by the SAP Custom Development organization. Professional and other services include consulting, education and managed services. The SAP Custom Development organization develops custom solutions that address customers’ business requirements on the SAP NetWeaver platform. The SAP Active Global Support organization offers a range of services to support customers before, during and after implementation of its software solutions, providing around-the-clock technical support. Key offerings of SAP Active Global Support include the SAP Standard Support option and the SAP Premium Support option.

The SAP Consulting organization offers consulting, implementation, and optimization services that aim at delivering business value in all phases of the solution life-cycle, from the planning phase through building and running the solutions. The SAP Education organization provides the training and tools required to assist SAP customers and partners. The SAP Managed Services organization provides a portfolio of services, which include application management services and hosting services, running and managing SAP solutions on behalf of customers.

Source: Page 56

COMPANY PROFILE

SCANA Corp. (SCG) Web Site: http://www.scana.com/

SCANA Corporation (SCANA), incorporated in 1984, through its wholly owned regulated subsidiaries is primarily engaged in the generation, transmission and distribution of electricity in parts of South Carolina and the purchase, transmission and sale of natural gas in portions of North Carolina and South Carolina. Through a wholly owned non- regulated subsidiary, SCANA markets natural gas to retail customers in Georgia and to wholesale customers primarily in the southeast. Other wholly owned non-regulated subsidiaries provides fiber optic and other telecommunications services, and provides service contracts to homeowners on certain home appliances and heating and air conditioning units. A service company subsidiary of SCANA provides administrative, management and other services to the other subsidiaries.

Electric Operations

The electric operations segment comprises the electric operations of South Carolina Electric & Gas Company (SCE&G), South Carolina Generating Company, Inc. (GENCO) and South Carolina Fuel Company, Inc. (Fuel Company), and is primarily engaged in the generation, transmission, distribution and sale of electricity in South Carolina. As of December 31, 2007, SCE&G provided electricity to over 639,300 customers in an area covering approximately 16,000 square miles. GENCO owns and operates a coal-fired generation station and sells electricity solely to SCE&G. Fuel Company acquires, owns and provides financing for SCE&G's nuclear fuel, fossil fuel and sulfur dioxide emission allowance requirements.

Gas Distribution

The gas distribution segment comprises the distribution operations of SCE&G and Public Service Company of North Carolina, Incorporated (PSNC Energy), and is primarily engaged in the purchase, transmission and sale of natural gas in portions of North Carolina and South Carolina. As of December 31, 2007, this segment provided natural gas to approximately 759,700 customers.

Gas Transmission

Carolina Gas Transmission Corporation (CGTC) operates an open access, transportation-only interstate pipeline company regulated by United States Federal Energy Regulatory Commission (FERC). CGTC provides transportation services to SCE&G for its gas distribution customers and for certain electric generation needs and to SCANA Energy Marketing, Inc. (SEMI) for natural gas marketing. CGTC also provides transportation services to other natural gas utilities, municipalities and county gas authorities and to industrial customers.

Retail Gas Marketing

SCANA Energy, a division of SEMI, comprises the retail gas marketing segment. This segment markets natural gas to over 475,000 customers (as of December 31, 2007) throughout Georgia. SCANA Energy's total customer base represents about a 30% share of the approximately 1.5 million customers in Georgia's deregulated natural gas market. As Georgia's regulated provider, SCANA Energy serves low-income customers at rates approved by the Georgia Public Service Commission (GPSC) and receives funding from the Universal Service Fund for bad debts. As of December 31, 2007, SCANA Energy's regulated division served approximately 95,000 customers. SCANA Energy and SCANA's other natural gas distribution, transmission and marketing segments maintain gas inventory and also utilize forward contracts and financial instruments, including commodity swaps and futures contracts to manage their exposure to fluctuating commodity natural gas prices.

Energy Marketing

The divisions of SEMI, excluding SCANA Energy, comprise the energy marketing segment. This segment markets natural gas primarily in the southeast and provides energy-related risk management services to producers and customers.

Source: Page 57

COMPANY PROFILE

Schlumberger Limited (SLB) Web Site: http://www.slb.com

Schlumberger Limited (Schlumberger) is an oilfield service company supplying a range of technology services and solutions to the international petroleum industry. The Company consists of two business segments: Schlumberger Oilfield Services and WesternGeco. The Oilfield Services segment provides virtually all exploration and production services required during the life of an oil and gas reservoir. WesternGeco, wholly owned by Schlumberger, is an advanced surface seismic company. Schlumberger’s products and services include the evaluation and development of oil reservoirs (controlled digging, pumping and testing services), well construction and production consulting, and sale of software programs. The Company also offers storage tank and seismic monitoring services. The principal owned or leased facilities of Oilfield Services in the United States are located in Boston, Massachusetts; Houston, Rosharon and Sugar Land, Texas, and Lawrence, Kansas. The principal owned or leased facilities of Oilfield Services outside the United States are located in Beijing, China; Clamart and Abberville, France; Fuchinobe, Japan; Oslo, Norway; Singapore, and Abingdon, Cambridge and Stonehouse, United Kingdom. The principal owned or leased facilities of WesternGeco are located in Bergen and Oslo, Norway; Gatwick, United Kingdom; Houston, Texas, United States, and Mumbai, India.

On December 10, 2007, Schlumberger completed the acquisition of Eastern Echo Holding plc. In November 2007, the Company acquired an additional 5.5% share in Framo Engineering AS (Framo), which increased its holding in Framo to 52.75%. Framo is a Norwegian company providing multi-phase booster pumps, flow metering equipment and swivel stack systems. In May 2007, the Company acquired Insensys Oil & Gas Ltd. On April 28, 2006, Schlumberger acquired the remaining 30% interest in WesternGeco from Baker Hughes Incorporated, thereby making it a wholly owned subsidiary of the Company. During the year ended December 31, 2007, the Company acquired Geosystem (land and marine electromagnetics and seismic imaging) and TyumenPromGeofizika (geophysical and wireline logging)

Schlumberger Oilfield Services

Schlumberger Oilfield Services is a provider of technology, project management and information solutions to the international oil and gas exploration and petroleum industry. Schlumberger Oilfield Services manages its business through 31GeoMarket regions, which are grouped into four geographic areas: North America, Latin America, Europe/Commonwealth of Independent States/Africa, and Middle East and Asia. The GeoMarket structure offers customers a single point of contact at the local level for field operations and brings together geographically focused teams to meet local needs and deliver customized solutions. Schlumberger Oilfield Services operates many oilfield service markets covering the entire life cycle of the reservoir. These services are organized into eight technology- based product and service lines (Technologies) to capitalize on technical synergies and introduce solutions within the GeoMarket regions.

Wireline provides the information necessary to evaluate the subsurface formation rocks and fluids to plan and monitor well construction, and to monitor and evaluate production. Wireline offers both open-hole and cased-hole services. Drilling and Measurements supplies directional-drilling, measurements-while-drilling and logging-while- drilling services. Well Testing provides exploration and production pressure and flow-rate measurement services both at the surface and downhole. Well Services provides services used during oil and gas well drilling and completion, as well as those used to maintain optimal production throughout the life of a well. The services include pressure pumping, well cementing and stimulation operations, as well as intervention activities. The Technology also develops coiled-tubing equipment and services

Completions provide completion services and equipment that include gas-lift and safety valves, as well as a range of intelligent well completions technology and equipment. Artificial Lift provides production optimization services using electrical submersible pumps and associated equipment. Data and Consulting Services supplies measurement, interpretation and integration of all exploration and production data types, as well as expert consulting services for reservoir characterization, production enhancement, field development planning, and multi-disciplinary reservoir and production solutions. Schlumberger Information Solutions provides consulting, software, information management, and information technology (IT) infrastructure services that support oil and gas industry core operational processes.

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COMPANY PROFILE

Integrated Project Management (IPM) provides consulting, project management and engineering services for use in well construction and production management projects. Schlumberger is a 40% owner in M-I Drilling Fluids, a joint venture with Smith International that offers drilling and completion fluids used to stabilize rock strata during the drilling process and minimize formation damage during completion and workover operations.

WesternGeco

WesternGeco provides worldwide reservoir imaging, monitoring and development services, with seismic crews and data processing centers in the industry, as well as a multi-client seismic library. Services range from three- dimensional (3D) and time-lapse (4D) seismic surveys to multi-component surveys for delineating prospects and reservoir management. Seismic solutions include Q technology for enhanced reservoir description, characterization, and monitoring throughout the life of the field, from exploration through enhanced recovery. Other WesternGeco solutions include development of controlled-source electromagnetic and magneto-telluric surveys, and their integration with seismic data.

WesternGeco offers a range of technologies and services. Land Seismic provides resources for seismic data acquisition on land and across shallow-water transition zones. Marine Seismic provides seismic acquisition and processing system, as well as a carlibrated single-sensor marine seismic system. Multiclient Services supply seismic data from the multi-client data library. Reservoir Services provides the people, tools and technology to help customers capture the benefits of an integrated approach to locating, defining and monitoring the reservoir. Seismic Data Processing offers seismic data processing centers for complex processing projects. Electromagnetics provides controlled-source electromagnetic and magneto-telluric data acquisition and processing.

Source: Page 59

COMPANY PROFILE

Southern Company (SO) Web Site: http://www.southerncompany.com/

The Southern Company (Southern Company), incorporated on November 9, 1945, owns all of the outstanding common stock of Alabama Power, Georgia Power, Gulf Power, and Mississippi Power, each of which is an operating public utility company. The traditional operating companies supply electric service in the states of Alabama, Georgia, Florida, and Mississippi. In addition, Southern Company owns all of the common stock of Southern Power, which is also an operating public utility company. Southern Power constructs, acquires, owns, and manages generation assets and sells electricity at market-based rates in the wholesale market. Southern Company also owns all the outstanding common stock or membership interests of SouthernLINC Wireless, Southern Nuclear, SCS, Southern Holdings and other direct and indirect subsidiaries.

SouthernLINC Wireless provides digital wireless communications services to the traditional operating companies and markets these services to the public and also provides wholesale fiber optic solutions to telecommunication providers in the Southeast. Southern Nuclear operates and provides services to Alabama Power’s and Georgia Power’s nuclear plants. SCS is the system service company providing specialized services to Southern Company and its subsidiary companies. Southern Holdings is an intermediate holding subsidiary for Southern Company’s investments in synthetic fuels and leveraged leases and various other energy-related businesses. The investments in synthetic fuels ended on December 31, 2007. Alabama Power and Georgia Power each own 50% of the outstanding common stock of SEGCO.

Southern Power constructs, acquires, owns and manages generating facilities and sells the output under long-term, fixed-price capacity contracts both to unaffiliated wholesale purchasers, as well as to the traditional operating companies. Southern Holdings is an intermediate holding subsidiary for Southern Company’s investments in synthetic fuels and leveraged leases and various other energy-related businesses. SouthernLINC Wireless serves the traditional operating companies and markets its services to non-affiliates within the Southeast. SouthernLINC Wireless delivers multiple wireless communication options, including push to talk, cellular service, text messaging, wireless Internet access, and wireless data. Its system covers approximately 128,000 square miles in the Southeast. SouthernLINC Wireless also provides wholesale fiber optic solutions to telecommunication providers in the Southeast.

The subsidiary companies of Southern Company are engaged in construction programs to accommodate existing and estimated future loads on their respective systems. Alabama Power is engaged, within the State of Alabama, in the generation and purchase of electricity and the transmission, distribution, and sale of such electricity at retail in over 650 communities (including Anniston, Birmingham, Gadsden, Mobile, Montgomery, and Tuscaloosa) and at wholesale to 15 municipally-owned electric distribution systems, 11 of which are served indirectly through sales to AMEA, and two rural distributing cooperative associations. Alabama Power also supplies steam service in downtown Birmingham. Alabama Power owns coal reserves near its Plant Gorgas and uses the output of coal from the reserves in its generating plants. Alabama Power also sells, and cooperates with dealers in promoting the sale of, electric appliances. Georgia Power is engaged in the generation and purchase of electricity and the transmission, distribution, and sale of such electricity within the State of Georgia at retail in over 600 communities (including Athens, Atlanta, Augusta, Columbus, Macon, Rome, and Savannah), as well as in rural areas, and at wholesale to OPC, MEAG, Dalton, Hampton, and 30 electric cooperatives.

Gulf Power is engaged, within the northwestern portion of Florida, in the generation and purchase of electricity and the transmission, distribution, and sale of such electricity at retail in 71 communities (including Pensacola, Panama City, and Fort Walton Beach), as well as in rural areas, and at wholesale to a non-affiliated utility and a municipality. Mississippi Power is engaged in the generation and purchase of electricity and the transmission, distribution, and sale of such energy within 23 counties in southeastern Mississippi, at retail in 123 communities (including Biloxi, Gulfport, Hattiesburg, Laurel, Meridian, and Pascagoula), as well as in rural areas, and at wholesale to one municipality, six rural electric distribution cooperative associations, and one generating and transmitting cooperative.

Source: Page 60

COMPANY PROFILE

Stryker Corporation (SYK) Web Site: http://www.stryker.com/

Stryker Corporation (Stryker), incorporated in 1946, is a medical technology company with a range of products in orthopaedics and a presence in other medical specialties. The Company's products include implants used in joint replacement, trauma, spinal and craniomaxillofacial surgeries; biologics; surgical, neurologic, ear, nose and throat (ENT), and interventional pain equipment; endoscopic, surgical navigation, communications and digital imaging systems, as well as patient handling and emergency medical equipment. The Company segregates its operations into two business segments: Orthopaedic Implants and MedSurg Equipment. In June 2007, the Company completed the sale of its outpatient physical therapy business, Physiotherapy Associates, to Water Street Healthcare Partners.

Orthopaedic Implants

Orthopaedic Implants are designed and manufactured by Stryker Orthopaedics, Stryker Osteosynthesis, Stryker Spine and Stryker Biotech and consist of such products as implants used in joint replacement, trauma, craniomaxillofacial and spinal surgeries; bone cement, and the bone growth factor OP-1. Artificial joints are made of cobalt chromium, titanium alloys, ceramics or ultrahigh molecular weight polyethylene and are implanted in patients whose natural joints have been damaged by arthritis, osteoporosis, other diseases or injury. The Company's OP-1 bone growth factor, which induces the formation of new bone when implanted into bone, is composed of recombinant human OP-1 and a bioresorbable collagen matrix.

Stryker supports surgeons with technology, procedural development and specialized instrumentation as they develop new minimally invasive surgery (MIS) techniques. In order to facilitate emerging procedural approaches, the Company has also developed instrumentation for MIS total joint procedures. The Company's surgical navigation systems are frequently used in MIS procedures to improve the accuracy of measurements and to position the implant. Stryker Osteosynthesis is engaged in the intramedullary (IM) hip screw market due to the minimally invasive nature of the gamma nail, which can be implanted through a smaller incision than other competing products. In addition, surgeons are testing the use of the Company's surgical navigation systems for this procedure, as well as in surgery for pelvic fractures. The Company's Triathlon Total Knee Minimally Invasive Instrumentation is designed to complement the minimally invasive total knee procedure. The EIUS Unicondylar Knee and the Avon Patellofemoral Joint are resurfacing, bone-conserving designs that are used to treat disease isolated to one compartment of the knee. These pre-total knee treatment options can also be implanted using minimally invasive techniques.

The Company's product portfolio includes such products as OP-1, a recombinant version of a signaling protein with multiple tissue regeneration properties; TissueMend, a single-layer acellular collagen matrix that delivers documented remodeling capability; Hydroset, the next generation in bone substitute technology, which is injectible, sculptable and fast setting; BoneSource BVF, an osteoconductive bone substitute with biocompatibility and mechanical stability, and BoneSave, a granules-based alternative to conventional bone graft. Through Stryker Orthopaedics, the Company offers a variety of hip implant systems for the global reconstructive market. The ABG Hip System, Partnership Hip System, Secur-Fit Hip System, Omnifit Hip System, Accolade Hip System and Restoration Hip System, each represents a system of hip implants and associated instrumentation designed to provide physicians and patients with results and to reduce operating time for primary and revision procedures. During the year ended December 31, 2007, the Company began selling the Cormet Hip Resurfacing System in the United States pursuant to a marketing and distribution agreement with Corin Group PLC.

Stryker offers five major knee implant systems under the Stryker brand name: the Duracon, EIUS, Global Modular Replacement System (GMRS), Scorpio and Triathlon systems. During 2007 the Triathlon system surpassed 200,000 implantations worldwide and was complemented with the introduction of the Triathlon TS System. The DuraconTS and ScorpioTS Revision systems and Modular Rotating Hinge complete the product line offerings with implants for complex revision procedures.

Stryker markets other joint replacement products, principally shoulder and elbow implants and related instruments, under the Stryker brand name. The Solar Total Shoulder System provides a design for the humeral head that allows the surgeon to adjust tension of the supporting tissues while maximizing range of motion. The Solar BiPolar Shoulder provides the surgeon with additional options for addressing rotator cuff arthropathy arthritis of the shoulder Source: Page 61

COMPANY PROFILE and is designed with the bipolar locking mechanism that is also used in the Company's hip implants. In 2007, the Company introduced the ReUnion Shoulder fracture system of implants and instrumentation. The ReUnion System utilizes a trial system to simplify the reconstruction of the shoulder during fracture surgery. The Solar Total Elbow complements products offered for upper extremity procedures. The semiconstrained design and modular components address varying types of patient anatomy.

Stryker manufactures and provides several variations of Simplex bone cement to meet specific patient needs. Through Stryker Osteosynthesis, the Company develops, manufactures and markets its trauma implant systems. These systems, including nailing, plating, hip fracture, external fixation systems and bone substitutes, are used primarily in deformity corrections and in the fixation of fractures resulting from sudden injury. These products consist of internal fixation devices marketed under such names as Gamma, Omega, Asnis, AxSOS, Variax, Hydroset, BixCut T2 and S2, along with external fixation devices marketed under the Apex, Hoffmann II, TenXor and Monotube Triax names.

Stryker's internal fixation product portfolio includes a range of IM nails, hip fracture devices and plates, and screws in both titanium and stainless steel. To address the hip trauma and fracture segment, the Company markets several products, including the IM nail portfolio, led by the T2 Nailing System; the Gamma Nail, an IM nail for trochanteric fractures; the Omega hip screw system; the Asnis Cannulated Screw System, and the Hansson pin system, providing an offering of surgical solutions for the hip trauma patient. Stryker has several product lines for upper extremity trauma. The Universal Distal Radius System complements the stainless steel Numelock II with a titanium option in distal radius plates and screws. The Universal Distal Radius System offers a range of precontoured, variable-sized plates for volar, distal and column approaches and both open reduction and internal fixation techniques.

The Company's external fixation products also include the Hoffmann II Compact and MicroFix, the Monotube Triax monolateral system, the TenXor circular fixation system for fractures and a complete range of pins and wires for attaching the devices to fractured bones. The Hoffmann II Compact for upper extremity fractures includes a snap-fit mechanism that enables surgeons to construct the fixation device to fit the patient and align the fractured bones. It also has a selection of lightweight radiolucent connection bars that allow for intraoperative fracture repair. The Monotube Triax System is available in three sizes and includes an adjustable feature that enables surgeons not only to stabilize fractures but also to lengthen the bone in cases where bone has been removed due to damage. The TenXor hybrid frame enables surgeons to treat fractures around the joints with both pins and long transfixing wires.

Through Stryker Spine, the Company develops, manufactures and markets spinal implant products, including cervical, thoracolumbar and interbody systems used in spine injury, deformity and degenerative therapies. Spinal implant products comprise plates, rods, screws, connectors, spacers and cages, along with implant instrumentation. In 2007, the Company introduced the Mantis minimally invasive access system for posterior instrumented spinal fusion and the Reflex Zero Profile anterior cervical plating system.

Through Stryker Osteosynthesis, the Company develops, manufactures and markets plating systems and related implants for craniomaxillofacial and hand surgery. In 2006, Stryker introduced HydroSet, a self-setting calcium phosphate bone substitute that is indicated to fill certain bone voids or gaps of the skeletal system. Also in 2006, the Company launched DuraMatrix, a second-generation dura substitute technology, which is a conformable and resorbable membrane matrix engineered from highly purified type I collagen.

MedSurg Equipment

MedSurg Equipment products include surgical equipment; surgical navigation systems; endoscopic, communications and digital imaging systems, and patient handling and emergency medical equipment. These products are designed and manufactured by Stryker Instruments, Stryker Endoscopy and Stryker Medical. The Stryker Instruments and Stryker Endoscopy product portfolios include micro powered tools and instruments that are used in orthopaedics, functional endoscopic sinus surgery, neurosurgery, spinal surgery and plastic surgery. The Total Performance System (TPS) is a universal surgical system that can be utilized in several medical specialties. The TPS U2 Drill and TPS Burs are designed for use by spine surgeons and neurosurgeons, while the TPS MicroDriver and TPS Sagittal Saw are designed for use by sports physicians and plastic surgeons. The Elite

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COMPANY PROFILE attachment line with an extendable bur system and Saber Drill for ENT surgery further extend the TPS System into spine, neurosurgery and ENT applications. The TPS System also powers Stryker Endoscopy Shaver Systems.

Through Stryker Instruments, the Company offers a line of surgical, neurologic, ENT and interventional spine equipment that is used in surgical specialties for drilling, burring, rasping or cutting bone in small-bone orthopaedics, neurosurgical, spine and ENT procedures; wiring or pinning bone fractures; and preparing hip or knee surfaces for the placement of artificial implants. Stryker Instruments also manufactures an array of different attachments and cutting accessories for use by orthopaedic, neurologic and small-bone specialists. In 2007, Stryker introduced the CORE Sumex drill, designed for use in ENT procedures.

Through Stryker Instruments, the Company offers SpinePlex, a variation of its surgical Simplex bone cement for applications in the treatment of vertebral compression fractures. The Company’s Discmonitor Discography System is a disposable device used to inject fluid into the intervertebral disc nucleus during discography procedures. This system features a digital display and allows physicians to save key data points for each disc. Stryker also offers the Dekompressor, a single-use disposable device indicated for the percutaneous removal of disc nucleus material, which offers a less invasive approach to mitigating back and leg pain associated with contained lumbar herniations. This product, along with Stryker's offerings in percutaneous cement delivery, discography and radiofrequency denervation, allows Stryker to focus on the interventional spine marketplace.

Through Stryker Instruments, the Company offers a line of surgical navigation systems that give surgeons in several specialties the ability to use electronic imaging to see more clearly, better align instruments better and track where the instruments are relative to a patient's anatomy during surgical procedures. The eNdtrac ASM software and instrumentation give orthopaedic surgeons the option of navigating their cuts while eliminating the need to place additional pins in the femur and tibia outside of the surgical incision. The iNtellect software packages provide neurologic and ENT surgeons with enhanced graphics, a simplified image import process, customizable procedure- specific workflows and tools for comprehensive planning and navigation. The Company also offers the Navigation System II Cart and Camera, as well as Hip 2.0, Uni-knee and Knee 3.0 for use with the Stryker Navigation System.

Stryker Endoscopy develops, manufactures and markets medical video-imaging and communications equipment and instruments for arthroscopy, general surgery and urology. Products include medical video cameras, digital documentation equipment, digital image and viewing software, arthroscopes, laparoscopes, powered surgical instruments, sports medicine instrumentation, radio frequency ablation systems, irrigation fluid management systems, i-Suite operating room solutions and equipment for telemedicine and enterprise-wide connectivity. Stryker's line of rigid scopes, which range in diameter from 1.9 millimeters to 10 millimeters, contains a series of precision lenses, as well as fiber optics that, when combined with Stryker's high-definition (HD) camera systems, allow the physician to view internal anatomy with a high degree of clarity.

In 2007, the Company launched the Stryker Digital Capture (SDC) Ultra, an all-in-one medical imaging information management system allowing for patient scheduling, video capture and storage, digital versatile disc (DVD) burning and more. The SDC Ultra archives surgical images and videos on its 250-gigabyte internal hard drive. This system also allows for the recording of all surgical footage in high-definition video. Through dual-channel input support, the SDC Ultra can capture images and video independently on two separate video channels, in synchronized mode or in picture-in-picture format. Also in 2007, Stryker introduced the 45L PneumoSure insufflator. This new insufflator includes two additional modes for bariatric and vessel harvesting. The 45L PneumoSure insufflator offers real-time pressure sensing for increased accuracy during a procedure.

The Company competes with Johnson & Johnson, Zimmer Holdings, Inc., Biomet, Inc., Smith & Nephew plc, Synthes, Inc., Medtronic, Inc., KLS Martin L.P., Conmed Corporation, B. Braun Melsungen AG, BrainLAB AG, Tyco International Ltd., General Electric Company, Linvatec, Inc., Arthrex, Inc., Karl Storz GmbH & Co., Olympus Optical Co. Ltd., Hillenbrand Industries, Inc., Steris Corporation, Ohio Medical Instrument Company, Inc. and Ferno- Washington, Inc.

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COMPANY PROFILE

Sysco Corp. (SYY) Web Site: http://www.sysco.com

Sysco Corporation, along with its subsidiaries and divisions, is a North American distributor of food and related products primarily to the foodservice or food-prepared-away-from-home industry. It provides products and related services to over 400,000 customers, including restaurants, healthcare and educational facilities, lodging establishments and other foodservice customers. The Company has aggregated its operating companies into a number of segments, of which only Broadline and SYGMA are reportable segments. Broadline operating companies distribute a line of food products and a variety of non-food products to both its traditional and chain restaurant customers. SYGMA operating companies distribute a line of food products and a variety of non-food products to chain restaurant customer locations.

Other financial information is attributable to its other segments, including its specialty produce, custom-cut meat and lodging industry products segments and a company that distributes to international customers. Specialty produce companies distribute fresh produce and, on a limited basis, other foodservice products. Specialty meat companies distribute custom-cut fresh steaks, other meat, seafood and poultry. Its lodging industry products company distributes personal care guest amenities, equipment, housekeeping supplies, room accessories and textiles to the lodging industry.

The products it distributes include a line of frozen foods, such as meats, fully prepared entrees, fruits, vegetables and desserts; a full line of canned and dry foods; fresh meats; dairy products; beverage products; imported specialties, and fresh produce. It also supplies a variety of non-food items, including paper products such as disposable napkins, plates and cups; tableware, such as china and silverware; cookware such as pots, pans and utensils; restaurant and kitchen equipment and supplies, and cleaning supplies.

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COMPANY PROFILE

Target Corp. (TGT) Web site: http://www.target.com/

Target Corporation (Target), incorporated in 1902, operates general merchandise and food discount stores in the United States, which include Target and SuperTarget stores. The Company offers both everyday essentials and fashionable differentiated merchandise. Target’s credit card operations represent an integral component of its core retail business. The Company also operates a fully integrated online business, Target.com. It operates Target general merchandise stores with a range of general merchandise and a limited assortment of food items, as well as SuperTarget stores with a line of food and general merchandise items. Target.com offers a range of general merchandise, including many items found in its stores and a complementary assortment, such as extended sizes and colors, sold only online. As of February 2, 2008, the Company had 1,591 retail stores. As of May 3, 2008, Target opened 26 new stores, including 14 general merchandise stores and eight SuperTarget stores.

A significant portion of Target’s sales is from national brand merchandise. In addition, it sells merchandise under private-label brands, including, but not limited to, Archer Farms, Boots & Barkley, Choxie, Circo, Durabuilt, Embark, Gilligan & O'Malley, Home and Bullseye Design, Kaori, Market Pantry, Merona, Playwonder, ProSpirit, Trutech and Xhilaration. The Company sells merchandise through programs, such as ClearRx, Global Bazaar and GO International. In addition, Target also sells merchandise under licensed brands including, but not limited to, C9 by Champion, Converse, Chefmate, Cherokee, Eddie Bauer, Fieldcrest, Genuine Kids by Osh Kosh, Isaac Mizrahi for Target, Kitchen Essentials by Calphalon, Liz Lange for Target, Michael Graves Design, Mossimo, Nick & Nora, Perfect Pieces by Victoria Hagan, Sean Conway, Simply Shabby Chic, Smith & Hawken, Sonia Kashuk, Thomas O'Brien, Waverly and Woolrich. The Company also generates revenue from in-store amenities, such as Food Avenue, Target Clinic, Target Pharmacy, and Target Photo, and from leased or licensed departments, such as Optical, Pizza Hut, Portrait Studio and Starbucks. Majority of its merchandise is distributed through a network of 32 distribution centers. General merchandise is shipped to and from the Company’s distribution centers by common carriers. Certain food items are distributed by third parties. Merchandise sold through Target.com is distributed through its own distribution network, through third parties, or shipped directly from vendors.

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COMPANY PROFILE

Teva Pharmaceutical Industries Limited (TEVA) Web Site: http://www.tevapharm.com

Teva Pharmaceutical Industries Limited (Teva), incorporated on February 13, 1944, is a global pharmaceutical company that develops, produces and markets generic drugs covering all treatment categories. The Company has a pharmaceutical business, whose principal products are Copaxone for multiple sclerosis and Azilect for Parkinson’s disease, as well as a specialty pharmaceutical business, which consists primarily of respiratory products. Teva’s active pharmaceutical ingredient (API) business sells to third-party manufacturers and provides vertical integration to Teva’s own pharmaceutical production. The Company’s global operations are conducted in North America, Europe, Latin America, Asia and Israel. Teva has operations in more than 50 countries, as well as 36 pharmaceutical manufacturing sites in 16 countries, 17 generic research and development (R&D) centers operating mostly within certain manufacturing sites and 18 API manufacturing sites around the world. During the year ended December 31, 2007, Teva generated approximately 58% of its sales in North America, 25% in Western Europe (including Hungary) and 17% in other regions (primarily Latin America, including Mexico, Israel and Central and Eastern Europe). In July 2008, Teva completed the acquisition of Bentley Pharmaceuticals, Inc. In December 2008, the Company completed the acquisition of Barr Pharmaceuticals, Inc.

Generic Products

Teva’s principal United States subsidiary, Teva Pharmaceuticals USA, Inc. (Teva USA), is a generic drug company in the United States. Teva USA markets over 300 generic products in more than 1,000 dosage strengths and packaging sizes. Teva USA manufactures and sells generic pharmaceutical products in a variety of dosage forms, including tablets, capsules, ointments, creams, liquids, injectables and inhalants. During 2007, Teva launched 25 generic versions of the branded products in the United States. Through Novopharm Limited, its Canadian subsidiary, Teva manufactures and markets generic prescription pharmaceuticals in Canada. Novopharm’s product portfolio includes 181 generic products, which are sold in approximately 700 dosage forms and packaging sizes. Teva is a generic pharmaceutical company in Europe, with operations in 17 Western European countries, including Hungary. During 2007, the Company received 1,160 generic approvals, corresponding to 89 new compounds in 206 formulations. Teva’s International Group is responsible for countries outside the United States, Canada and Western Europe, excluding Hungary.

Teva sells a portfolio of branded generic, non-branded generic, respiratory and over-the-counter (OTC) pharmaceutical products in Latin America. The Company has manufacturing operations in Mexico, Chile, Argentina, Peru and Venezuela, and distributes its products throughout most of Latin America. In most cases, these products are manufactured in Teva’s facilities in Latin America. The Central and Eastern Europe (CEE) region covers 23 countries diversified in terms of both their socio-economic and cultural backgrounds. Teva’s principal CEE markets are Russia, Poland and the Czech Republic, which account for 75% of Teva’s sales in the region. Teva’s portfolio includes generic prescription medications, as well as OTC products, vitamin supplements and medical devices.

Respiratory Products

The Company delivers a range of respiratory products for common usage. Teva utilizes its research and development capabilities, both internal and through alliances, to develop additional products based on its delivery systems, including Easi-Breathe, a breath-activated inhaler (BAI), Spiromax/Airmax, a multi-dose dry powder inhaler, and Cyclohaler, a single dose dry powder device. Teva’s principal branded respiratory products in the United States include ProAir (albuterol HFA), a short-acting, beta-agonist for treatment of bronchial spasms linked to asthma or chronic obstructive pulmonary disease and exercise-induced bronchospasm, and Qvar (beclomethasone diproprionate HFA), an inhaled corticosteroid for long-term control of chronic bronchial asthma, which is manufactured by 3M for Teva.

In Western Europe, Teva’s principal markets for respiratory products are the United Kingdom, the Netherlands and France. The principal products in these countries include salbutamol, beclomethasone in metered dose inhalers, Qvar and Airomir in metered dose inhalers and in Autohaler, as well as through Qvar, beclomethasone and salbutamol in Easi-Breathe, the Cyclohaler franchise, budesonide in Spiromax/Airmax and several products in Steri- Nebs.

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COMPANY PROFILE

Proprietary Products

Teva’s research and development pipeline is focused primarily on three specialty areas: neurological disorders, autoimmune diseases and oncology. Copaxone, its largest product and its first drug, is a multiple sclerosis (MS) therapy. Copaxone, indicated for reduction of the frequency of relapses in patients with relapsing-remitting multiple sclerosis (RRMS), is a class of modifying therapy with a dual mode of action that offers MS patients a different treatment concept. Laquinimod is an orally bioavailable immunomodulatory compound. Teva is a party to an agreement with Serono S.A. for the development of an oral formulation of cladribine (Mylinax) as a treatment for multiple sclerosis. Under the agreement, which was entered into by Ivax prior to its acquisition by Teva, Teva is entitled to a royalty on sales of Mylinax if it is commercialized. Cladribine cyclodextrin complex 10 milligram tablets and placebos are in Phase III trials. Azilect (rasagiline tablets) is Teva’s second drug, indicated for the treatment of Parkinson’s disease, both as initial monotherapy in the early stage of the disease and as an adjunct to levodopa in moderate to advanced stages of the disease.

Specialty Pharmaceutical Products

Teva has identified biopharmaceuticals and primarily biogenerics. The Company’s primary biopharmaceutical products are granulocyte colony-stimulating factor (GCSF) and interferon alpha 2b, which are sold in a limited number of markets, and human growth hormone (hGH), which is marketed in the United States pursuant to an agreement with Savient. Teva’s finished dosage biopharmaceutical manufacturing facilities are located in Mexico, Hungary and China. Teva’s bulk substance manufacturing facilities are located in Lithuania and China.

Active Pharmaceutical Ingredients (API)

The Company manufactures and sells active pharmaceutical ingredients. Teva’s API division provides the benefits of vertical integration and also operates a third-party business. Its API division offers a source of API. The API division sells its products both to Teva’s finished dose pharmaceutical businesses, on an arm’s-length basis, and to third parties in a competitive market for APIs.

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COMPANY PROFILE

Texas Instruments Incorporated (TXN) Web Site: http://www.ti.com/

Texas Instruments Incorporated (TI) operates in two business segments: Semiconductor, which designs, manufactures and sells integrated circuits, and Education Technology, which supplies graphing handheld calculators. During the year ended December 31, 2007, the Semiconductor segment accounted for 96% of the Company’s revenues and Education Technology accounted for 4% of its revenues. The Company has manufacturing, design or sales operations in more than 25 countries

Semiconductor Segment

The Semiconductor segment's core products include analog semiconductors and digital signal processors (DSPs). The Company designs and manufactures other types of semiconductors, such as microcontrollers used in safety- critical automotive applications, DLP products that enable clear video, and microprocessors that serve as the brains of high-end computer servers. The Company’s analog product portfolio includes custom mixed-signal products that are designed to a particular customer’s or application’s specifications. These products account for about 50% of its analog revenue. The remainder of its analog revenue comes from standard products that are sold across a range of customers and applications. About 45% of the Company’s analog revenue is from high-performance standard products and about 5% is from commodity standard products.

The Company’s mixed-signal products combine multiple types of analog functionality or analog and digital functions on a single chip. In the standard analog chip sub-category known as high-performance analog, TI has a portfolio of about 20,000 products, including data converters, amplifiers, power management devices and interface chips. The Company's high-performance analog products are used by more than 50,000 customers. These products are sold primarily through distributors.

DSP represents about 40% of TI's Semiconductor revenue. The Company offers programmable DSPs, which enables manufacturers to differentiate their product designs via software rather than having to design new hardware. TI's DSP portfolio includes custom, application-specific and standard products. Custom products are designed for specific customers with high volumes in established markets. Application-specific products are implementations crafted for specific applications, such as wireless infrastructure, voice-over-Internet protocol (VoIP) gateways, digital still cameras and residential gateways. The Company's standard DSP products are sold into a range of applications and seed the next generation of signal-processing innovation. About 80% of TI's DSP revenue comes from the cell-phone market.

The Company designs and manufactures other standard analog chips, which combined for about 20% of its Semiconductor revenue. It includes DLP products, reduced instruction-set computing (RISC) microprocessors, microcontrollers and standard logic devices. TI’s DLP technology is a digital display technology used in projectors and high-definition televisions. Projectors based on this technology are used in businesses, homes, professional venues and in movie theaters. RISC microprocessors are designed to provide computing, usually for a specialized application, such as servers. The Company’s RISC products are primarily 64-bit microprocessors designed by Sun Microsystems, Inc. for use in Sun servers. Key applications for its microcontrollers include personal medical, automotive, utility meters, portable consumer products, industrial applications, motor controls and digital power management. TI sells standard logic products, primarily to distributors. End applications include consumer products and communications.

Education Technology Segment

Education Technology segment provides customers with business and scientific calculators, and a range of advanced classroom tools and professional development resources to help students and teachers interactively explore math and science. Education Technology relies on third-party manufacturers to build its products.

The Company competes with Casio Computer Co., Ltd. and Hewlett-Packard Company.

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COMPANY PROFILE

United Technologies Corp. (UTX) Web Site: http://www.utc.com

United Technologies Corporation (UTC), incorporated in 1934, provides high-technology products and services to the building systems and aerospace industries. The Company conducts its business through six principal segments: Otis, Carrier, UTC Fire & Security (UTC F&S), Pratt & Whitney, Hamilton Sundstrand and Sikorsky. Otis includes elevators, escalators, moving walkways and services. Carrier includes residential, commercial and industrial heating, ventilating, air conditioning (HVAC) and refrigeration systems and equipment, food service equipment, building automation and controls, HVAC and refrigeration components and installation, retrofit and aftermarket services. UTC F&S offers fire and special hazard detection and suppression systems and fire fighting equipment, electronic security, monitoring and rapid response systems and service and security personnel services. Pratt & Whitney includes commercial, general aviation and military aircraft engines, parts and services, industrial gas turbines and space propulsion. Hamilton Sundstrand includes aerospace products and aftermarket services. Sikorsky offers military and commercial helicopters, aftermarket helicopter, and aircraft parts and services.

In October 2008, the Company acquired Architectural Energy Corp. In July 2008, UTC F&S announced that it has completed the sale of its Australian guarding and mobile patrols businesses, including Chubb Security Personnel Pty Ltd, Chubb Mobile Services Pty Ltd and MSS Security Group Pty Ltd. The businesses have been sold to Security and Intelligence Services (India) Limited, a security services company based in India.In March 2007, UTC’s subsidiary, Sikorsky Aircraft, completed the acquisition of aircraft maker, PZL Mielec, from the Polish Government. In December 2007, Rentokil Initial plc completed the sale of its Initial Electronic Security Group, including its French business, Initial Delta Securite, to UTC.

Otis

Otis is engaged in elevator and escalator manufacturing, installation and services. It designs, manufactures, sells and installs a range of passenger and freight elevators for low, medium and high-speed applications, as well as a line of escalators and moving walkways. Otis also provides modernization products to upgrade elevators and escalators, as well as maintenance services for products and those of other manufacturers. Otis serves customers in the commercial and residential property industries worldwide. Sales are made both directly to the customers and, to a limited extent, through sales representatives and distributors. Revenues generated by Otis' international operations were 81% of total Otis segment revenues, during the year ended December 31, 2007.

Carrier

Carrier is a manufacturer and distributor of HVAC systems and refrigeration systems. It also produces food service equipment and HVAC and refrigeration related controls for residential, commercial, industrial and transportation applications. Carrier also provides installation, retrofit and aftermarket services and components for the products it sells, and those of other manufacturers in the HVAC and refrigeration industries. Carrier’s products and services are sold under Carrier and other brand names to building contractors and owners, homeowners, transportation companies, retail stores and food service companies. Sales are made both directly to the customer and through manufacturer representatives, distributors, wholesalers, dealers and retail outlets. Certain of Carrier’s HVAC businesses are seasonal and can be impacted by weather. Revenues generated by Carrier's international operations, including the United States export sales, were 59% of total Carrier segment revenues during 2007.

UTC Fire & Security

UTC F&S provides security and fire safety products and services. In the electronic security industry, UTC F&S provides system integration, installation and service of intruder alarms, access control systems and video surveillance systems. In the fire safety industry, UTC F&S designs, manufactures, integrates, installs and services fire and specialty hazard detection and fixed suppression systems, and manufactures, sells and services portable fire extinguishers and other fire fighting equipment. UTC F&S also provides monitoring, response and security personnel services, including cash-in-transit security. Its products and services are used by governments, financial institutions, architects, building owners and developers, security and fire consultants, and other end users requiring a high-level of security and fire protection for their businesses and residences.

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COMPANY PROFILE

UTC F&S provides its products and services under Chubb, Kidde, Lenel and other brand names and sells directly to the customer, as well as through manufacturer representatives, distributors and dealers. Revenues generated by UTC F&S’s international operations were 82% of total UTC F&S segment revenues in 2007.

Pratt & Whitney

Pratt & Whitney is a supplier of commercial, general aviation and military aircraft engines. Pratt & Whitney’s global service partners provide maintenance, repair and overhaul services, including the sale of spare parts, as well as fleet management services. Pratt & Whitney produces families of engines for wide, narrow body and military aircraft that power both Boeing and Airbus aircraft. Pratt & Whitney also sells engines for auxiliary power units, industrial applications and space propulsion systems. Pratt & Whitney Canada (P&WC) is engaged in engines powering business, regional, light jet, utility, and military aircraft and helicopters. Pratt & Whitney Rocketdyne (PWR) is engaged in the design, development and manufacture of aerospace propulsion systems for military and commercial applications, including the space shuttle.

In terms of engine development programs, Pratt & Whitney is under contract with the United States Air Force to develop the F135 engine, a derivative of Pratt & Whitney’s F119 engine, to power the single-engine F-35 Lightning II aircraft being developed by Lockheed Martin. In addition, Pratt & Whitney is developing technology, including testing of a geared turbofan to power the next generation A320 and 737 aircraft. Pratt & Whitney has also initiated the Advantage 70 program to enhance its PW4000 engine for the A330 aircraft. PWR is developing a liquid fuel J-2x engine to support NASA’s vision for space exploration. P&WC is developing the PW600 engine series for the very light jet market Three of these P&WC PW600 engine models have been selected to power Cessna Aircraft’s Citation Mustang, Eclipse Aviation’s Eclipse 500 and Embraer’s Phenom 100. P&WC is also developing the PW210 engine for Sikorsky’s S-76D helicopter. International Aero Engines (IAE) is developing the V2500 Select as a follow-on to its V2500 engine.

Pratt & Whitney’s products are sold principally to aircraft manufacturers, airlines and other aircraft operators, aircraft leasing companies, space launch vehicle providers and the United States and foreign governments. The majority of sales are made directly to the customer and, to a limited extent, through independent distributors or foreign sales representatives. Sales to Airbus and Boeing were 9.5% and 6.4%, respectively, of total Pratt & Whitney revenues in 2007. Sales to the United States government were 29.5% of total Pratt & Whitney revenues in 2007. Revenues from Pratt & Whitney’s international operations, including the United States exports, were 56% of total Pratt & Whitney segment revenues in 2007.

Hamilton Sundstrand

Hamilton Sundstrand supplies aerospace and industrial products and aftermarket services for diversified industries worldwide. Hamilton Sundstrand’s aerospace products, such as power generation management and distribution systems, flight systems, engine control systems, environmental control systems, fire protection and detection systems, auxiliary power units and propeller systems, serve commercial, military, regional, business and general aviation, as well as space and undersea applications. Aftermarket services include spare parts, overhaul and repair, engineering and technical support and fleet maintenance programs. Hamilton Sundstrand sells aerospace products to airframe manufacturers, the United States and foreign governments, aircraft operators and independent distributors. Hamilton Sundstrand sales of aerospace products to Boeing, Airbus and Pratt & Whitney, collectively, including sales where the United States government was the ultimate customer, were 16.6% of Hamilton Sundstrand segment sales in 2007.

Hamilton Sundstrand is engaged in development programs for the Boeing 787 aircraft, the Airbus A380 aircraft, the F-35 Lightning II military aircraft and the A400M military aircraft. Hamilton Sundstrand is also the prime contractor for National Aeronautics and Space Administration (NASA’s) space suit/life support system, and produces environmental monitoring and control, life support, mechanical systems and thermal control systems for the space shuttle, international space station and the Orion crew exploration vehicle. Hamilton Sundstrand’s principal industrial products, such as air compressors, metering pumps and fluid handling equipment, serve industries involved with raw material processing, bulk material handling, construction, hydrocarbon and chemical processing, and water and wastewater treatment. These products are sold under the Sullair, Sundyne, Milton Roy and other brand names

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COMPANY PROFILE directly to end-users, through manufacturer representatives and distributors. Revenues generated by Hamilton Sundstrand’s international operations, including the United States export sales, were 50% of total Hamilton Sundstrand segment revenues in 2007.

Sikorsky

Sikorsky manufacturers military and commercial helicopters and also provides aftermarket helicopter, and aircraft parts and services. The production programs at Sikorsky include the UH-60L and UH-60M Black Hawk medium- transport helicopters for the United States and foreign governments, the MH-60S and MH-60R helicopters for the United States Navy, the International Naval Hawk for multiple naval missions, and the S-76 and the S-92 helicopters for commercial operations. Sikorsky’s aftermarket business includes spare parts sales, overhaul and repair services, maintenance contracts, and logistics support programs for helicopters and other aircraft. operations. In December 2007, the United States government and Sikorsky signed a five-year multi-service contract for 537 H-60 helicopters to be delivered to the Unites States Army and Unites States Navy. Sales are made directly by Sikorsky and also by its subsidiaries and joint ventures. Revenues generated by Sikorsky’s international operations, including United States export sales, were 34% of total Sikorsky revenues in 2007.

Other

UTC Power develops and markets distributed power generation systems and fuel cell power plants for stationary, transportation, space and defense applications. UTC Power’s three primary distributed generation product lines, PureCell 200 fuel cell power plants, PureComfort combined cooling, heat and power systems, and PureCycle geothermal organic Rankine cycle power systems are designed to provide environmentally responsible energy solutions for customers.

UTC Power’s automotive and bus transportation fuel cell power plants are based on proton exchange membrane (PEM) technology, including its PureMotion 120 power plant, which is used in revenue service in transit bus applications. UTC Power is developing PEM fuel cells for submarine applications. UTC Power’s alkaline-based fuel cells are used on NASA’s space shuttle program. UTC Power and its related UTC Fuel Cells unit merged effective January 1, 2007.

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COMPANY PROFILE

Valero Energy Corp. (VLO) Web Site: http://www.valero.com/

Valero Energy Corporation (Valero), incorporated in 1981, owns and operates 17 refineries located in the United States, Canada and Aruba that produce conventional gasolines, distillates, jet fuel, asphalt, petrochemicals, lubricants and other refined products. The Company’s principal products include conventional and California Air Resources Board (CARB) gasolines, reformulated gasoline blendstock for oxygenate blending (RBOB), ultra-low- sulfur diesel, and oxygenates and other gasoline blendstocks. Valero also produces a substantial slate of middle distillates, jet fuel, and petrochemicals, in addition to lube oils and asphalt. Valero markets branded and unbranded refined products on a wholesale basis in the United States and Canada through a bulk and rack marketing network. It also sells refined products through a network of approximately 5,800 retail and wholesale branded outlets. Effective July 1, 2007, the Company completed the sale of the Lima, Ohio refinery to Husky Energy Inc.

The Company’s business is organized into two segments: refining and retail. Its refining segment includes refining operations, wholesale marketing, product supply and distribution, and transportation operations. The refining segment is segregated geographically into the Gulf Coast, Mid-Continent, West Coast and Northeast regions. Valero’s retail segment includes Company-operated convenience stores, Canadian dealers/jobbers, truckstop facilities, cardlock facilities and home heating oil operations. The retail segment is segregated into two geographic regions. The Company’s retail operations in eastern Canada are referred to as Retail-Canada. Its retail operations in the United States are referred to as Retail-U.S.

Refining

On December 31, 2007, Valero’s refining operations included 17 refineries in the United States, Canada and Aruba with a combined total throughput capacity of approximately 3.1 million barrels per day (BPD). The Company’s Corpus Christi East and West Refineries are located along the Corpus Christi Ship Channel on the Texas Gulf Coast. The West Refinery specializes in processing primarily sour crude oil and resid into premium products, such as RBOB. The East Refinery processes heavy, high-sulfur crude oil into conventional gasoline, diesel, jet fuel, asphalt, aromatics, and other light products. Its Port Arthur Refinery is located on the Texas Gulf Coast approximately 90 miles east of Houston. The refinery processes primarily heavy sour crude oils and other feedstocks into conventional and premium gasoline and RBOB, as well as diesel, jet fuel, petrochemicals, petroleum coke and sulfur.

The Company’s Aruba Refinery is located on the island of Aruba in the Caribbean Sea. It processes primarily heavy sour crude oil and produces primarily intermediate feedstocks and finished distillate products. Its St. Charles Refinery is located approximately 15 miles from New Orleans along the Mississippi River. The refinery processes sour crude oils and other feedstocks into gasoline, distillates and other light products. Valero’s Texas City Refinery is located southeast of Houston on the Texas City Ship Channel. The refinery processes primarily heavy sour crude oils into a slate of products. Its Houston Refinery is located on the Houston Ship Channel. It processes primarily sour crude oils and low-sulfur resid into conventional gasoline and distillates. The refinery also produces roofing- grade asphalt. Valero’s Three Rivers Refinery is located in South Texas between Corpus Christi and San Antonio. It processes primarily heavy sweet and sour crude oils into conventional gasoline and distillates. The refinery has access to crude oil from foreign sources delivered to the Texas Gulf Coast at Corpus Christi, as well as crude oil from domestic sources through third-party pipelines. The Company’s Krotz Springs Refinery is located between Baton Rouge and Lafayette, Louisiana on the Atchafalaya River. It processes light sweet crude oils (received by pipeline and barge) into conventional gasoline and distillates.

Valero’s Benicia Refinery is located northeast of San Francisco on the Carquinez Straits of San Francisco Bay. It processes sour crude oils into premium products, primarily CARBOB gasoline. (CARBOB is a reformulated gasoline mixture that meets the specifications of the California Air Resources Board when blended with ethanol.) Its Wilmington Refinery is located near Los Angeles, California. The refinery processes a blend of heavy and high- sulfur crude oils. The refinery can produce all of its gasoline as CARBOB gasoline and produces both ultra-low- sulfur diesel and CARB diesel. The refinery is connected by pipeline to marine terminals and associated dock facilities that can move and store crude oil and other feedstocks. Refined products are distributed via the Kinder Morgan pipeline system and various third-party terminals in southern California, Nevada, and Arizona.

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COMPANY PROFILE

The Company’s Memphis Refinery is located in Tennessee along the Mississippi River’s Lake McKellar. It processes primarily light sweet crude oils. Almost all of its production is light products, including regular and premium gasoline, diesel, jet fuels, and petrochemicals. Valero’s McKee Refinery is located in the Texas Panhandle. It processes primarily sweet crude oils and produces conventional gasoline, RBOB, low-sulfur diesel, jet fuels and asphalt. The refinery has access to crude oil from Texas, Oklahoma, Kansas and Colorado through third-party pipelines. The Company’s Ardmore Refinery is located in Ardmore, Oklahoma, approximately 90 miles from Oklahoma City. It processes medium sour and light sweet crude oils into conventional gasoline, low-sulfur diesel and asphalt.

Valero’s Quebec City Refinery is located in Levis, Canada. It processes sweet crude oils, sweet acidic crude oils into conventional gasoline, low-sulfur diesel, jet fuels, heating oil and propane. The refinery receives crude oil by ship at its deepwater dock on the St. Lawrence River. The Company’s Delaware City Refinery is located along the Delaware River near Wilmington, Delaware. The refinery processes primarily sour crude oils into a slate of products, including conventional gasoline, RBOB, petroleum coke, sulfur, low-sulfur diesel and home heating oil. Its Paulsboro Refinery is located in Paulsboro, New Jersey, approximately 15 miles south of Philadelphia on the Delaware River. The refinery processes primarily sour crude oils into a slate of products, including gasoline, distillates, lube oil basestocks, asphalt, petroleum coke, sulfur and fuel oil.

Retail

The Company’s retail segment operations include sales of transportation fuels at retail stores and unattended self- service cardlocks; sales of convenience store merchandise in retail stores, and sales of home heating oil to residential customers. Valero is an independent retailer of refined products in the central and southwest United States and eastern Canada. Its retail operations are segregated geographically into two groups: Retail-U.S. and Retail-Canada.

Sales in Retail-U.S. represent sales of transportation fuels and convenience store merchandise through Valero’s Company-operated retail sites. During the year ended December 31, 2007, total sales of refined products through Retail-U.S.’s retail sites averaged approximately 113,500 BPD. In addition to transportation fuels, its Company- operated convenience stores sell snacks, candy, beer, fast foods, cigarettes and fountain drinks. On December 31, 2007, the Company had 953 Company-operated sites in Retail-U.S. (of which approximately 77% were owned and 23% were leased). Its Company-operated stores are operated primarily under the brand names Corner Store and Stop N Go. Transportation fuels sold in Valero’s Retail-U.S. stores are sold primarily under the Valero brand, with some sites selling under the Diamond Shamrock brand pending their conversion to the Valero brand.

Sales in Retail-Canada include the sales of refined products and convenience store merchandise through its Company-operated retail sites and cardlocks; sales of refined products through sites owned by independent dealers and jobbers, and sales of home heating oil to residential customers. Retail-Canada includes retail operations in eastern Canada, where Valero is a supplier of refined products serving Quebec, Ontario, and the Atlantic Provinces of Newfoundland, Nova Scotia, New Brunswick, and Prince Edward Island. During 2007, total retail sales of refined products through Retail-Canada averaged approximately 77,000 BPD. Transportation fuels are sold under the Ultramar brand through a network of 920 outlets throughout eastern Canada. On December 31, 2007, the Company owned or leased 432 retail stores in Retail-Canada and distributed gasoline to 488 dealers and independent jobbers. In addition, Retail-Canada operates 89 cardlocks, which are card- or key-activated, self-service, unattended stations that allow commercial, trucking and governmental fleets to buy transportation fuel 24 hours a day. Retail- Canada operations also include a home heating oil business that provides home heating oil to approximately 150,000 households in eastern Canada.

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COMPANY PROFILE

Walgreen Company (WAG) Web Site: http://www.walgreens.com/

Walgreen Company (Walgreens), incorporated in 1909, is principally a retail drugstore chain that sells prescription and non-prescription drugs, and general merchandise. General merchandise includes, among other things, beauty care, personal care, household items, candy, photofinishing, greeting cards, convenience foods and seasonal items. Customers can have prescriptions filled at the drugstore counter, as well as through the mail, by telephone and via the Internet. As of August 31, 2008, Walgreens operated 6,934 locations in 49 states, the District of Columbia, Guam and Puerto Rico. Total locations do not include 217 convenient care clinics operated by Take Care Health Systems, Inc. (formerly known as I-Trax, Inc.), a subsidiary of the Company.

In December 2008, Walgreens acquired McKesson Corporation’s specialty pharmacy, a business within McKesson’s Specialty division. During the fiscal year ended August 31, 2008 (fiscal 2008), the Company acquired I- trax, Inc., a provider of worksite health services, including primary and acute care, wellness, pharmacy and disease management services, and health and fitness programming; Whole Health Management, a privately held company that provides primary care, urgent care, wellness programs, health coaching and occupational health services through worksite health centers; 20 drugstores from Farmacias El Amal; CuraScript Infusion Pharmacy, Inc., a home infusion services provider, and selected other assets (primarily prescription files).

Prescription sales constitute a large portion of the Company's business, which accounted for 64.9% of sales during fiscal 2008. Third-party sales, where reimbursement is received from managed care organizations, government and private insurance, were 95.3% of prescription sales in fiscal 2008. Overall, Walgreens filled approximately 617 million prescriptions in fiscal 2008. The Company's retail store operations are supported by 13 distribution centers with a total of approximately 11 million square feet of space in all distribution centers, of which seven million square feet is owned. The remaining space is leased. It also owns 28 strip shopping malls containing approximately one million square feet, of which approximately 683 thousand square feet is leased to others.

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COMPANY PROFILE

WGL Holdings, Inc. (WGL) Web Site: http://www.wglholdings.com/

WGL Holdings, Inc. (WGL Holdings) is a holding company that was established to own subsidiaries that sell and deliver natural gas and provide a variety of energy-related products and services to customers primarily in the District of Columbia, and the surrounding metropolitan areas in Maryland and Virginia. The Company owns all of the shares of common stock of Washington Gas Resources Corporation (Washington Gas Resources), Hampshire Gas Company (Hampshire) and Crab Run Gas Company (Crab Run). Washington Gas Resources owns three unregulated subsidiaries that include Washington Gas Energy Services, Inc. (WGEServices), Washington Gas Energy Systems, Inc. (WGESystems) and Washington Gas Credit Corporation (Credit Corp.). It operates in three business segments: regulated utility segment, retail energy-marketing segment, and the design-build energy systems segment.

Regulated Utility Segment

The regulated utility segment consists of approximately 93% of the Company’s consolidated total assets. Washington Gas, the core of the regulated utility segment, delivers natural gas to retail customers in accordance with tariffs approved by the regulatory commissions that have jurisdiction over Washington Gas’s rates. Washington Gas also sells natural gas to customers, who have not elected to purchase natural gas from unregulated third-party marketers (refer to the section entitled Natural Gas Unbundling). As of September 30, 2008, Washington Gas had 1.053 million active customer meters in an area.

Retail Energy-Marketing Segment

The retail energy-marketing segment consists of the operations of WGEServices. WGEServices does not own or operate any natural gas or electric generation, production, transmission or distribution assets. The commodities that WGEServices sells are delivered to retail customers through assets owned by regulated utilities. Washington Gas delivers most of the natural gas sold by WGEServices, and unaffiliated electric utilities deliver all of the electricity sold. In addition, WGEServices bills its customers through the billing services of the regulated utilities that deliver its commodities, as well as directly through its own billing capabilities. As of September 30, 2008, WGEServices served approximately 133,300 residential, commercial and industrial natural gas customers, and 61,800 residential, commercial and industrial electricity customers located in Maryland, Virginia, Delaware and the District of Columbia.

Design-Build Energy Systems Segment

The design-build energy systems segment consists of the operations of the Company’s WGESystems subsidiary, which provides design-build energy efficient and sustainable solutions to government and commercial clients, primarily in the District of Columbia and portions of Maryland and Virginia. WGESystems focuses on upgrading the mechanical, electrical, water and energy-related systems of large government and commercial facilities, by implementing both traditional, as well as alternative energy technologies. The design-build energy systems segment derived approximately 77% of its revenues from various agencies of the Federal Government during the fiscal year ended September 30, 2008.

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COMPANY PROFILE

Xcel Energy (XEL) Web Site: http://www.xcelenergy.com/

Xcel Energy Inc. (Xcel), incorporated in 1909 is a holding company, with subsidiaries engaged in the utility business. During the year ended December 31, 2007, Xcel Energy's operations included the activity of four wholly owned utility subsidiaries that serve electric and natural gas customers in eight states. The utility subsidiaries are National States Power Company, Minnesota (NSP-Minnesota), National States Power Company, Wisconsin (NSP-Wisconsin), Public Service Company of Colorado (PSCo) and Southwestern Public Service Co., Mexico (SPS). The utilities serve customers in portions of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin. Along with WYCO Development LLC, (WYCO) a company formed to develop and lease new natural gas pipeline and compression facilities, and WestGas Interstate, Inc., Colorado (WGI), an interstate natural gas pipeline company, these companies comprise the continuing regulated utility operations.

NSP-Minnesota

NSP-Minnesota is an operating utility engaged in the generation, purchase, transmission, distribution and sale of electricity in Minnesota, North Dakota and South Dakota. The wholesale customers served by NSP-Minnesota comprised approximately 10% of the total sales in 2007. The subsidiary also purchases, transports, distributes and sells natural gas to retail customers and transports customer-owned natural gas in Minnesota and North Dakota. NSP-Minnesota provides electric utility service to approximately 1.4 million customers and natural gas utility service to approximately 0.5 million customers.

NSP-Wisconsin

NSP-Wisconsin is an operating utility engaged in the generation, transmission, distribution and sale of electricity in portions of northwestern Wisconsin and in the western portion of the Upper Peninsula of Michigan. The wholesale customers served by NSP-Wisconsin comprised approximately 8% of the total sales in 2007. NSP-Wisconsin also purchases, transports, distributes and sells natural gas to retail customers and transports customer-owned natural gas in the same service territory. It provides electric utility service to approximately 246,000 customers and natural gas utility service to approximately 102,000 customers. The subsidiaries owned by NSP-Wisconsin include Chippewa and Flambeau Improvement Co., which operate hydro reservoirs; Clearwater Investments Inc., which owns interests in affordable housing; and NSP Lands, Inc., which holds real estate.

PSCo

PSCo is an operating utility engaged in the generation, purchase, transmission, distribution and sale of electricity in Colorado. The wholesale customers served by PSCo comprised approximately 24% of the total sales in 2007. It also purchases, transports, distributes and sells natural gas to retail customers and transports customer-owned natural gas. PSCo provides electric utility and natural gas utility service to approximately 1.3 million customers.

SPS

SPS is an operating utility engaged primarily in the generation, purchase, transmission, distribution and sale of electricity in portions of Texas and New Mexico. The customers served by SPS comprised approximately 38% of the total sales in 2007. SPS provides electric utility service to approximately 388,000 customers.

Other subsidiaries

WGI is a small interstate natural gas pipeline company engaged in transporting natural gas from the PSCo system near Chalk Bluffs, Colo., to the Cheyenne system near Cheyenne, Wyo. WYCO was jointly formed with a subsidiary of El Paso Corporation to develop and lease new natural gas pipeline and compression facilities. Xcel Energy Services Inc. is the service company for the Xcel Energy holding company system, where corporate financing activity occurs. Xcel Energy's nonregulated subsidiary in continuing operations is Eloigne, which invests in rental housing projects that qualify for low-income housing tax credits.

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COMPANY PROFILE

XTO Energy (XTO) Web Site: http://www.xtoenergy.com/

XTO Energy Inc., incorporated in 1990, along with its subsidiaries, is engaged in the acquisition, development, exploitation and exploration of producing oil and gas properties, and in the production, processing, marketing and transportation of oil and natural gas. Its estimated proved reserves at December 31, 2007, were 9.44 trillion cubic feet (Tcf) of natural gas, 67 million barrels (Bbls) of natural gas liquids and 241 million Bbls of oil. On an energy equivalent basis, it’s proved reserves were 11.29 trillion cubic feet equivalent (Tcfe) at December 31, 2007. On an thousand cubic feet of natural gas equivalent (Mcfe) basis, 66% of proved reserves were proved developed reserves at December 31, 2007. During the year ended December 31, 2007, its average daily production was 1.46 Billion cubic feet (Bcf) of gas, 13,545 Bbls of natural gas liquids and 47,047 Bbls of oil. As of December 31, 2007, the Company owned interest in 25,163 gross (13,403.8 net) producing wells. In September 2008, XTO Energy Inc. completed its merger of Hunt Petroleum Corporation and other associated entities.

In July 2008, the Company acquired producing oil properties from Headington Oil Company. The purchase includes 352,000 net acres of Bakken Shale leasehold in Montana and North Dakota. In February 2006, the Company acquired proved and un-proved properties in East Texas and Mississippi from Total E&P USA, Inc. In June 2006, the Company acquired Peak Energy Resources, Inc., which operated gas-producing properties and owned unproved properties in the Barnett Shale in the Fort Worth Basin. In July 2007, the Company acquired natural gas and oil properties from Dominion Resources, Inc. In October 2007, the Company announced acquisitions from multiple parties of both producing and unproved properties in the Barnett Shale.

Eastern Region

The Company’s operations are located in East Texas and northwestern Louisiana. These properties produce from various formations at depths between 7,000 feet and 14,000 feet. As of December 31, 2007, the Company owned an interest in approximately 690,000 net acres. Over 35% of its total proved reserves are in this region. The Company has 2,650 to 2,950 identified potential drilling locations in this area. The Company’s primary focus in the Eastern Region is in the Freestone Trend where it has an interest in approximately 347,000 net acres. The trend consists of the Freestone, Bald Prairie, Oaks, Luna, Teague, Dew, Farrar and Bear Grass fields and was its most active gas development area in 2007. Other areas in the region include the Sabine Uplift and Cotton Valley areas of East Texas and northwestern Louisiana.

North Texas Region

The Company’s operations are located in the Barnett Shale of North Texas. The Company owns approximately 250,000 net acres, 50% of which is in the core productive area, 841 producing wells and gas gathering and pipeline assets. It has 2,200 to 2,300 identified potential drilling locations in this area. It also owns 225,000 Mcf per day of treating capacity allowing it to add new wells as they are completed.

San Juan Region

The Company’s San Juan Region includes properties in the San Juan and Raton Basins of New Mexico and Colorado, as well as properties in the Uinta Basin of Utah. Production is from conventional, as well as coal bed methane sources. It has 1,500 to 1,600 identified potential drilling locations. The Company had entered a new tight- gas play in the Piceance Basin of Colorado through a farmout agreement with ExxonMobil, and in 2007, it completed the final well of a four-well commitment.

Permian and South Texas Region

The Permian and South Texas Region is made up of properties in West Texas, southeastern New Mexico and South Texas. The Company has expanded its holdings in the area through acquisitions and trades with ChevronTexaco, ExxonMobil, ConocoPhillips, Dominion and others. Fields in this area include Yates, University Block 9, Goldsmith, Russell, Prentice and Cornell. The Company has 1,250 to 1,350 identified potential drilling locations in this area.

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COMPANY PROFILE

Mid-Continent and Rocky Mountain Region

The Company’s Mid-Continent and Rocky Mountain Regions include fields in Wyoming, Kansas, Oklahoma and Arkansas. It has operations in the Anadarko Basin, Fontenelle area, Powder River Basin and the Arkoma Basin. While most of its production in the Mid-Continent region is from conventional sources, it is developing coal bed methane in the Powder River Basin of Wyoming. It has 1,900 to 2,100 identified potential drilling locations in this area. A substantial portion of its properties in the Mid-Continent Region are subject to an 80% net profits interest conveyed to the Hugoton Royalty Trust. The Company operates a gathering system and pipeline in Major County, Oklahoma, and a gas plant in Texas County, Oklahoma, and its associated gathering system. It also completed a gas gathering and water disposal system in the Hartzog Draw area of Wyoming to service its coal bed methane wells.

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