Company Profiles 2009

COMPANY PROFILES 2009

The Research Group of Godsey & Gibb Associates compiled the following information in Godsey & Gibb Associates’ 2009 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 2009 TABLE OF CONTENTS

Accenture Ltd. (ACN)…………………………………………………………………………………. 1 AFLAC Inc. (AFL)……………………………………………………………………………………… 5 AGL Resources Inc. (AGL)…………………………………………………………………………… 7 American Electric Power Co. Inc. (AEP)….………………………………………………………… 9 AT&T, Inc (T)…………………………………………………………………………………………… 11 Atmos Energy Corp. (ATO)…………………………………………………………………………… 13 Barrick Gold Corp. (ABX)……………………….……………………………………………………. 15 BP, plc (BP)…………………………………………………………………………………….………. 16 Cisco Systems, Inc. (CSCO)……………………………………………………………….………… 17 Cognizant Technology Solutions (CTSH)……………………………………………………….….. 19 CVS Caremark Corp. (CVS)………………………………………………………………………….. 20 Dominion Resources, Inc. (D)………………………………………………….…………………….. 22 Duke Energy Corp. (DUK)……………………………………………………………………………. 24 Emerson Electric Co. (EMR)………………………………………………………………………….. 25 Express Scripts, Inc. (ESRX)…………………………………………………………………..……… 29 ExxonMobil Corp. (XOM)………………………………………………………………….…………. 31 First Energy Corp. (FE)………………………………………………………………………………… 33 FPL Group, Inc. (FPL)………………………………………………………………………………….. 34 Gilead Sciences, Inc. (GILD)…………………………………………………………………………. 36 W.W. Grainger, Inc. (GWW)………………………………………………………………………….. 38 Hewlett-Packard Co. (HPQ)………………………………………………………………………….. 40 International Business Machines Corp. (IBM)……………………………………………………… 43 iShares Emerging Markets Index Fund (EEM)…………………………………………………….. 44 iShares S&P Global Materials Sector Index Fund (MXI)…………………………………………… 45 Johnson & Johnson (JNJ)…………………………………………………………………………….. 46 Kimberly-Clark Corp. (KMB)…………………………………………………………………………… 47 Kraft Foods Inc. (KFT)………………………………………………………………………………….. 48 L-3 Communications Holdings, Inc. (LLL)…………………………………………………………… 50 McDonald’s Corp. (MCD)……………………………………………………………………………... 51 Medtronic, Inc. (MDT)…………………………………………………………………………………. 52 Microchip Technologies, Inc. (MCHP)………………………………………………………………. 54 Microsoft Corp. (MSFT)……………………………………………………………………………….. 55 Northern Trust Corp. (NTRS)………………………………………………………………………… 57 Novartis AG (NVS)……………………………………………………………………………………. 58 Nstar (NST)……………………………………………………………………………………………. 60 Oracle Corp. (ORCL)…………………………………………………………………………………. 61 Pepco Holdings, Inc. (POM)…………………………………………………………………………. 63 PepsiCo, Inc. (PEP)…………………………………………………………………………………… 65 Pfizer, Inc. (PFE) ………………..……………………………………………………………………. 67 Procter & Gamble Co. (PG)…………………………………………………………………………… 68

TABLE OF CONTENTS

Progress Energy, Inc. (PGN)…………………………………………………………………………. 69 Qualcomm Inc. (QCOM)………………………………………………………………………………. 70 SAP AG (SAP)…………………………………………………………………………………………. 72 SCANA Corp. (SCG)………………………………………………………………………………….. 74 Schlumberger Ltd. (SLB)……………………………………………………………………………… 75 Southern Company (SO)……………………………………………………………………………… 76 Stryker Corp. (SYK)……………..…………………………………………………………………….. 77 Sysco Corp. (SYY)…………………………………………………………………………………….. 81 Target Corp. (TGT)…………………………………………………………………………………….. 82 Teva Pharmaceutical Industries Ltd. (TEVA)………………………………………………………. 83 Transocean Ltd. (RIG)…………………………………………………………………………………. 85 United Technologies Corp. (UTX)………..……………..……………………………………………. 87 Vanguard GNMA Fund (VFIIX and VFIJX)…………………………………………………………. 89 Verizon Communications (VZ)………………………………………………………………………… 90 Walgreen Company (WAG)…………………………………………………………………………… 92 Wal-Mart Stores, Inc. (WMT)………………………………………………………………………….. 93 WGL Holdings, Inc. (WGL)……………………………………………………………………………. 94 Xcel Energy, Inc. (XEL)………………………………………………………………………………... 95 XTO Energy, Inc. (XTO)……………………………………………………………………………….. 96

COMPANY PROFILE

Accenture Ltd. (ACN) Web Site: http://www.accenture.com/

Accenture plc is a management consulting, technology services and outsourcing company. The Company helps clients improve operational performance, deliver their products and services, increase revenues in markets and identify and enter new markets. Its business is organized in five operating groups: Communications & High Tech, Financial Services, Health & Public Service, Products and Resources. In October 2009, the Company acquired Symbian Professional Services from Nokia Corporation.

Communications & High Tech The Company is a provider of management consulting, technology, systems integration and outsourcing services and solutions to the communications, electronics, high technology, media and entertainment industries. The communications and high tech professionals help the clients to improve the business results to improve their business results through industry-specific solutions and by seizing the opportunities made possible by the convergence of communications, computing and content.

The communications industry group serves global wire line, wireless, cable and satellite communications network operators and service providers. The Company provides a range of services designed to help the communications clients improve margins, improve asset utilization, improve customer retention, improve revenues, reduce overall costs and accelerate sales cycles. It offers a suite of reusable solutions, called Accenture Communications Solutions, designed to address business and operational issues related to broadband and Internet protocol-based networks and services, including business intelligence, billing transformation, customer contact transformation, sales force transformation, service fulfillment and network optimization. During the fiscal year ended August 31, 2009 (fiscal 2009), the communications industry group represented approximately 59% of the Communications & High Tech operating group’s net revenues.

The Electronics & High Tech industry group serves the communications technology, consumer technology, enterprise technology, semiconductor, software and aerospace/defense segments. This industry group provides services in areas, such as strategy, enterprise resource management, customer relationship management, sales transformation, supply chain management, software development, human performance, and merger/acquisition activities, including post-merger integration. It also offer a range of reusable solutions, designed to address the industry’s business and operational challenges, such as new product innovation and development, customer service and support, sales and marketing, and globalization. The Electronics & High Tech industry group represented approximately 33% of the Communications & High Tech operating group’s net revenues in fiscal 2009.

The Media & Entertainment industry group serves the broadcast, entertainment (television, music and movie), print, publishing and portal industries. The Company provides a range of services, including digital content solutions designed to help companies effectively manage, distribute and protect content across numerous media channels. These include Accenture Digital Media Services, which provide a solution set designed to help content owners and distributors adapt their organizations’ business processes and systems to stay ahead of the demand for digital content and services.

Financial Services The Financial Services group focuses on the opportunities created by the client’s needs to adapt to changing market conditions, including cost pressures, industry consolidation, regulatory changes, the creation of common industry standards and protocols, and the move to a more integrated industry model. The Financial Services operating group consists of banking, capital markets and insurance.

The banking industry group works with retail and commercial banks, and diversified financial enterprises. It helps the organizations develop and execute strategies to target, acquire and retain customer, expand product and service offerings, comply with new regulatory initiatives, and leverage new technologies and distribution channels. The banking industry group represented approximately 56% of the Financial Services operating group’s net revenues in fiscal 2009.

The capital markets industry group helps investment banks, broker/dealers, asset-management firms, depositories, exchanges, and clearing and settlement organizations transform their businesses to increase competitiveness. The insurance industry group helps property and casualty insurers, life insurers, reinsurance firms and insurance brokers

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COMPANY PROFILE improve business processes, modernize their technologies and improve the quality and consistency of risk selection decisions. The Company offers a claims management capability that enables insurers to provide better customer service, as well as insurance policy administration technology solutions that enable insurers to bring products to market more quickly and reduce costs. It also provides a variety of outsourcing solutions to help insurers improve working capital and cash flow, deliver permanent cost savings and enhance long-term growth. Its Insurance industry group represented approximately 31% of the Financial Services operating group’s net revenues in fiscal 2009.

Health & Public Service The Company’s Health & Public Service operating group comprises industry groups, such as Health and Public Service. Its Health industry group works with healthcare providers, government health departments, policy-making authorities/regulators, managed care organizations, health insurers and other industry-related organizations to improve the quality, accessibility and affordability of healthcare. The Company’s key offerings address a variety of areas, including electronic health records and health information exchanges, back-office services for hospitals and health plans, sales and marketing, core administration services, health management services, claims excellence/cost containment, and corporate functions, including human resources, finance, procurement and information technology (IT).

The public service industry group provides services to help public-service entities globally to improve the social and economic conditions of their citizens. The public-service marketplace is transforming, and traditional governmental entities are working increasingly with the third sector, including non-governmental organizations, community-based organizations, educational institutions, charities and non-profit organizations to deliver services and benefits to citizens. The Company works with the defense, revenue, human services, health, postal, and justice and public-safety authorities or agencies, and the clients are generally national, state or local-level government organizations, as well as pan-geographic organizations. The Company’s work with clients in the United States federal government represented approximately 36% of its Public Service operating group’s net revenues in fiscal 2009.

Products The Products operating group comprises the automotive, consumer goods and services, life sciences, industrial equipment, retail, and Infrastructure and Transportation Services. The automotive industry group works with the auto manufacturers, suppliers, dealers, retailers and service providers. Professionals in this industry group help clients develop and implement solutions focused on product development and commercialization, customer service and retention, channel strategy and management, branding, buyer-driven business models, cost reduction, customer relationship management and integrated supplier partnerships.

The consumer goods and services industry group serves food and beverage, alcoholic beverage, household goods and personal care, tobacco and fashion/apparel manufacturers worldwide. The Company provides services to its clients by addressing critical elements of success, including large-scale enterprise resource planning (ERP) strategy and implementation, sales and marketing transformation, working-capital productivity improvement, supply chain collaboration and post-merger integration.

The life sciences industry group works with pharmaceutical, biotechnology, medical products and other companies across the life-sciences value chain, providing services, such as large-scale business and technology transformation, targeted business performance improvement, and post-merger integration. Its key areas of focus include research and development, supply chain, manufacturing, marketing and sales, and select back-office functions. Additionally, it operates life sciences-specific business process and IT outsourcing services.

The industrial equipment industry group serves the industrial and electrical equipment, consumer durable and heavy equipment industries. The retail industry group serves a spectrum of retailers and distributors, including supermarkets, specialty retailers and mass-merchandise discounters. The Company provides service offerings that help clients address new ways of reaching the retail trade and consumers through precision marketing; maximize brand synergies and cost reductions in mergers and acquisitions; improve supply chain efficiencies through collaborative commerce business models, and improve the efficiency of internal operations.

The infrastructure and transportation services industry group serves companies in the airline, construction, infrastructure-management (ports, airports, railways), freight transportation, third-party logistics, hospitality, gaming, passenger rail and travel distribution industries. It helps the clients to develop and implement strategies and solutions

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COMPANY PROFILE

to improve customer relationship management capabilities, operate more-efficient networks, integrate supply chains, develop procurement and electronic business marketplace strategies, manage maintenance, repair and overhaul processes and expenses.

Resources The resources operating group serves the chemicals, energy, forest products, metals and mining, utilities and related industries. The resources operating group is comprised of chemicals, energy, natural resources and utilities. The chemicals industry group works with a range of industry segments, including petrochemicals, specialty chemicals, polymers and plastics, gases and life science companies. The energy industry group serves a range of companies in the oil and gas industry, including upstream, downstream, oil services and clean-energy companies.

The natural resources industry group serves the forest products, and metals and mining industries. The Company helps lumber, pulp, papermaking, converting and packaging companies, as well as iron, steel, aluminum, coal, copper and precious metals companies, develop and implement new business strategies, redesign business processes, manage change initiatives, and integrate processes and technologies to achieve performance. The utilities industry group works with electric, gas and water utilities. The group’s work includes helping utilities transform themselves from regulated and sometimes state-owned, local entities to international deregulated corporations, as well as developing products and service offerings to help the clients. The offerings include includes customer relationship management, workforce enablement, smart-grid development, supply chain optimization, and trading and risk management. It also provides a range of outsourced customer-care services to utilities and retail energy companies in North America. The utilities industry group represented approximately 43% of the Resources operating group’s net revenues in fiscal 2009.

Growth Platforms The management consulting growth platform is responsible for the development and delivery of the strategic, operational, functional, industry, process and change consulting capabilities, working closely with the professionals in the operating groups. The professionals in the customer relationship management (CRM) service line help the companies to acquire, develop and retain customer relationships. It offers a range of capabilities that address every aspect of CRM, including marketing, direct and indirect sales, customer service, field support and customer contact operations.

The professionals in the finance and performance management service line work with the clients finance and business unit executives to develop financial transaction processing, risk management and business performance reporting capabilities. Among the services provided are strategic consulting on the design and structure of the finance function; the establishment of shared service centers; and the configuration of enterprise resource planning platforms for streamlining transaction processing. The professionals in the talent and organization performance service line work with clients on a range of talent management, workforce and organizational issues to deliver improved business and operational results. The process and innovation performance service line helps clients achieve measurable, lasting improvements in operational performance, innovation performance and growth. The strategy professionals combine their strategy and operations experience to help the clients turn insights into results at both the enterprise and business-unit level. The professionals in the supply chain management service line work with clients across a range of industries to develop and implement supply chain and operations strategies that enable profitable growth in new and existing markets.

Technology The technology growth platform comprises three service areas: systems integration, technology consulting, and IT outsourcing. Systems integration consulting services and solutions include enterprise solutions and enterprise resource planning, industry and functional solutions, information management services, service-oriented architecture, custom solutions, software as a service, mobility solutions and Microsoft solutions. The Company’s technology consulting services and solutions include IT strategy and transformation, enterprise architecture, infrastructure consulting, IT security consulting, application portfolio optimization and renewal, digital solutions, research and development, and Microsoft solutions. The Company provides a range of application outsourcing and infrastructure outsourcing services and solutions.

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COMPANY PROFILE

Business Process Outsourcing The Company’s business process outsourcing growth platform provides business processes that help clients transform their businesses, achieve higher levels of performance and results, and/or reduce costs. Through its business process outsourcing (BPO) services, it manages specific business processes or functions for clients, providing solutions that are more efficient and cost-effective than if the functions were provided in-house. It offers clients across all industries a variety of BPO services for specific business functions and/or processes, including finance and accounting, human resources, learning, procurement and customer contact.

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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). Aflac’s insurance business consists of two segments: Aflac Japan and Aflac U.S. Aflac Japan sells supplemental insurance products, including cancer 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. In October 2009, the Company completed its acquisition of Continental American Insurance Company.

Insurance Products-Japan Aflac Japan’s medical product, EVER, offers a basic level of hospitalization coverage. Gentle EVER, which the Company introduced in August 2007, which to help consumers who may have a health condition that would exclude them from purchasing other EVER products. In November 2008, Aflac Incorporated introduced a new medical product in Japan, Sanjuso. Sanjuso is a single-premium product that provides lump-sum payments upon the diagnosis of cancer, heart attack or stroke, as well as a death benefit. The cancer 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. Cancer Forte pays outpatient benefits for 60 days. It also incorporates two new features. First, if a policyholder is diagnosed with cancer for the first time, the Company pays that policyholder an annuity from the second year through the fifth year after diagnosis. The second benefit, Premier Support, where Aflac arranges for a third party to provide policyholders with counseling and doctor referral services upon their cancer diagnosis. For consumers who had the earlier cancer insurance product, the Company introduced a special bridge policy during the year ended December 31, 2008 that allows existing policyholders to upgrade their coverage to that of Cancer Forte.

Its Rider MAX product provides accident and medical/sickness benefits as a rider to its cancer policy. Some of the life products that the Company offers in Japan provide death benefits and cash surrender values. These products are available as stand-alone 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 fixed-income annuities and care policies.

Insurance Products-U.S. 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 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 cancer product, Maximum Difference. This new cancer indemnity plan incorporates coverage for medical advances in cancer prevention, diagnosis, treatment and the ways cancer patients may now receive their care.

Its hospital indemnity products provide fixed daily benefits for hospitalization due to accident or sickness. Indemnity benefits for inpatient and outpatient surgeries, as well as various other diagnostic expenses, are also available. The Company’s sickness indemnity plan provides a fixed daily benefit for hospitalization due to sickness and fixed amounts for physician services for accident or sickness. Aflac U.S. offers a specified health event policy that gives consumers a choice of three benefit and premium levels. One of the levels combines the specified health event policy

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COMPANY PROFILE with its intensive care plan. 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 Company’s life insurance portfolio, the Life Protector Series offers term policies with varying duration options and a new whole life policy with additional benefits. The Company 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.

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COMPANY PROFILE

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

AGL Resources Inc. (AGL Resources) 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.

Distribution Operations The Company’s distribution operations include six natural gas local distribution utilities, which construct, manage and maintain intrastate natural gas pipelines and distribution facilities. These include Atlanta Gas Light in Georgia, Chattanooga Gas in Tennessee, Elizabethtown Gas in New Jersey, Elkton Gas in Maryland, Florida City Gas in Florida and Virginia Natural Gas in Virginia. 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, and planning and contracting for capacity on interstate transportation and storage systems.

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 under the trade name Georgia Natural Gas to retail customers on an unregulated basis, principally in Georgia, as well as to commercial and industrial customers in Florida, Ohio, 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 has 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 provides customers with natural gas from the producing regions and market hubs in United States and Canada. Sequent’s producer services business primarily focuses on aggregating natural gas supply from various small and medium-sized producers located throughout the natural gas production areas of the United States. Sequent provides producers with certain logistical and risk management services that offer them options to move their supply into the pipeline grid.

Energy Investments Energy investments segment includes a number of businesses that are related and complementary to the Company’s primary business. These include natural gas storage business, which develops, acquires and operates high- deliverability salt-dome and storage assets in the Gulf Coast 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). Jefferson Island provides storage and hub services through its direct connection to the Henry Hub via the Sabine Pipeline and its interconnection with eight other pipelines in the area.

AGL Networks, the Company’s wholly owned subsidiary provides telecommunications conduit and dark fiber optic cable. 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

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COMPANY PROFILE terms that vary from 1 to 20 years. In addition, AGL Networks offers telecommunications construction services to customers.

Corporate The Company’s 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. The corporate segment also includes Pivotal Energy Development, which co-ordinates among the Company’s related operating segments, the development, construction or acquisition of assets in the southeastern, mid-Atlantic and northeastern regions.

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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 company 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) Ohio Power Company (OPCo), Public Service Company of Oklahoma (PSO) and Southwestern Electric Power Company (SWEPCo). 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 962,000 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 749,000 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 582,000 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.

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

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COMPANY PROFILE

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 527,000 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 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 471,000 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 761,000 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 185,000 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 communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States and around the world. Their offerings include Internet protocol (IP)-based business communications services, third generation (3G) network and wireless coverage worldwide, and Internet access and voice services. Its offerings also include directory publishing and advertising sales of its Yellow Pages and YELLOWPAGES.COM organizations. The Company operates in four business segments: wireless, wireline, advertising solutions and other. In September 2009, the Company acquired Plusmo, Inc., a provider of cross-platform mobile application solutions. In October 2009, the Company announced the acquisition of VeriSign's global security consulting business. In November 2009, the Company completed its acquisition of Centennial Communications Corp.

Wireless Wireless consists of the Company’s subsidiary, AT&T Mobility, which operates as a wireless provider to both business and consumer customers. During the year ended December 31, 2008, the wireless segment provided approximately 39% of the total segment revenues and 46% of the total segment income. The Company offers a range of wireless voice communications services in a range of pricing plans, including postpaid and prepaid service plans. The 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.

The voice service is offered on a contract basis for one or two year periods, referred to as postpaid. The wireless services include basic local wireless communications service, long-distance service and roaming services. Additionally, the Company offer offer prepaid service to meet the demands of distinct consumer segments, such as the youth market, families and small business customers, who prefer to control usage or pay in advance. The Company sells a range of handsets and personal computer wireless data cards manufactured by various suppliers for use with the voice and data services. It also sell 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 The wireline provide both retail and wholesale communication services domestically and internationally. The wireline segment provided approximately 55% of 2008 segment operating revenues and 47% of the 2008 total segment income. The wireline services are divided into three product categories: voice, data and other.

Voice includes traditional local and long-distance service provided to retail customers and wholesale access to the network and individual network elements. During 2008, the wireline subsidiaries served approximately 31 million retail customer access lines, 22 million retail business access lines and three million wholesale access lines. It also have a number of integrated voice and data services, such as integrated network connections, that provide customers the ability to integrate access for their voice and data services, the data component, which is included in the data category.

Long distance consists of traditional long distance and international long distance for customers that select the Company as their primary long-distance carrier. Long distance also includes services provided by calling card, 1-800 services and conference calling. These services are used in a range of business applications, including sales, reservation centers or customer service centers. AT&T also provides wholesale switched access service to other service providers. Voice also includes calling features, fees to maintain wire located inside customer premises and other miscellaneous voice products. Calling features are improved telephone services available to retail customers, such as caller identification (ID), call waiting and voice mail.

Data includes traditional products, such as switched and dedicated transport, Internet access and network integration, and data equipment sales. Additionally, data products include high-speed connections, such as private lines, packet, dedicated Internet and enterprise networking services, as well as products, such as domain specific language (DSL)/broadband, dial-up Internet access and wireless fidelity (WiFi). AT&T also provides businesses voice applications over IP-based networks, including enhanced virtual private networks (EVPN). The Company has built out new multi protocol label switching/asynchronous transfer mode, or multiprotocol label switching/ asynchronous transfer mode (MPLS/ATM) network, to supplement, and eventually replace, the other global data networks. These products allow to provide highly complex global data networks.

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COMPANY PROFILE

Private line uses digital circuits to transmit from point-to-point in multiple configurations and allows customers to create internal data networks and to access external data networks. Switched transport services transmit data using switching equipment to transfer the data between multiple lines before reaching its destination. Dedicated transport services use a single direct line to transmit data between destinations. DSL is a digital modem technology that converts existing twisted-pair telephone lines into access paths for multimedia and high-speed data communications to the Internet or private networks. DSL allows customers to simultaneously make a phone call and access information via the Internet or an office local area network. Digital Services use dedicated digital circuits to transmit digital data at various high rates of speed. Network integration services include installation of business data systems, local area networking and other data networking offerings. Internet access services include a range of products for residences and businesses, Internet services offered include basic dial-up access service, dedicated access, Web hosting, e-mail and high-speed access services.

Enterprise networking services provide support from network design, implementation and installation to ongoing network operations and management for networks of varying scales, including local area networks, wide area networks, and virtual private networks. These services include applications, such as e-mail, order entry systems, employee directories, human resource transactions and other database applications. The Company also provides local, interstate and international wholesale networking capacity to other service providers.

The other services include managed Web hosting, application management, security service, integration services, customer premises equipment, outsourcing, directory and operator assistance services, government-related services, and the U-verse and satellite video services. The 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. The 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. Customer premises equipment and other equipment sales range from single-line and cordless telephones to the digital private branch exchange (PBX) systems. PBX is a private telephone switching system, typically used by businesses and usually located on a customer’s premises, which provides intra-premise telephone services, as well as access to the network.

Advertising Solutions The advertising solutions segment includes the directory operations, which publish yellow and white pages directories and sell directory advertising and Internet-based advertising and local search. The advertising and publishing segment provided approximately 4% of total segment operating revenues and 7% of the 2008 total segment income. This segment sells advertising services throughout the United States, with the print directory operations primarily covering the 22-state area.

Other The other segment includes operations from Sterling, the business integration software and services subsidiary, corporate and other operations. The other segment provided approximately 2% of total segment operating revenues and less than 1% of the 2008 total segment income. AT&T also includes in this segment the equity income (loss) from the investments in Telmex, America Movil and Telmex Internaccional. 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

Atmos Energy Corp. (ATO) Web Site: http://www.atmosenergy.com/

Atmos Energy Corporation (Atmos Energy), incorporated in 1983, is engaged primarily in the regulated natural gas distribution and transmission and storage businesses, as well as other non-regulated natural gas businesses. The Company distributes natural gas through sales and transportation arrangements to over three million residential, commercial, public authority and industrial customers in 12 states. Through its non-regulated businesses, the Company primarily provides natural gas management and marketing services to municipalities, other local gas distribution companies and industrial customers primarily in the Midwest and Southeast, and natural gas transportation along with storage services to certain of its natural gas distribution divisions and third-parties. The Company operates in four segments: the natural gas distribution segment, which includes its regulated natural gas distribution and related sales operations; the regulated transmission and storage segment, which includes the regulated pipeline and storage operations of its Atmos Pipeline Texas Division.; the natural gas marketing segment, which includes a variety of non-regulated natural gas management services, and the pipeline, storage and other segment, which includes its non-regulated natural gas gathering, transmission and storage services.

Natural Gas Distribution The Company’s natural gas distribution segment includes six regulated divisions: Atmos Energy Mid-Tex Division; Atmos Energy Kentucky/Mid-States Division; Atmos Energy Louisiana Division; Atmos Energy West Texas Division; Atmos Energy Mississippi Division, and Atmos Energy Colorado-Kansas Division. Atmos Energy Mid-Tex Division, its Mid-Tex Division serves approximately 550 communities in the north-central, eastern and western parts of Texas, including the Dallas/Fort Worth Metroplex. Atmos Energy Kentucky/Mid-States Division, its Kentucky/Mid-States Division operates in more than 420 communities across Georgia, Illinois, Iowa, Kentucky, Missouri, Tennessee and Virginia. The service areas in these states are primarily rural. This division serves Franklin, Tennessee, and other suburban areas of Nashville.

Atmos Energy Louisiana Division in Louisiana serves approximately 300 communities, including the suburban areas of New Orleans, the metropolitan area of Monroe and western Louisiana. Direct sales of natural gas to industrial customers in Louisiana, who use gas for fuel or in manufacturing processes, and sales of natural gas for vehicle fuel are exempt from regulation and are recognized in its natural gas marketing segment. Atmos Energy West Texas Division its West Texas Division serves approximately 80 communities in West Texas, including the Amarillo, Lubbock and Midland areas. Like its Mid-Tex Division, each municipality it serves has original jurisdiction over all gas distribution rates, operations and services within its city limits. Atmos Energy Mississippi Division, in Mississippi, serves approximately110 communities throughout the northern half of the state, including the Jackson metropolitan area. Atmos Energy Colorado-Kansas Division, its Colorado-Kansas Division serves approximately 170 communities throughout Colorado and Kansas and parts of Missouri, including the cities of Olathe, Kansas, a suburb of Kansas City and Greeley, located near Denver.

Regulated Transmission and Storage The Company’s regulated transmission and storage segment consists of the regulated pipeline and storage operations of its Atmos Pipeline Texas Division. This Division transports natural gas to its Mid-Tex Division, transports natural gas for third-parties and manages five underground storage reservoirs in Texas. It also provides ancillary services customary in the pipeline industry, including parking arrangements, lending and sales of inventory on hand. Parking arrangements provide short-term interruptible storage of gas on its pipeline. Lending services provide short- term interruptible loans of natural gas from its pipeline to meet market demands.

Natural Gas Marketing The Company’s natural gas marketing activities are conducted through Atmos Energy Marketing (AEM), which is wholly owned by Atmos Energy Holdings, Inc. (AEH), a wholly owned subsidiary of Atmos Energy Marketing, LLC (AEC), and operates in the Midwest and Southeast areas of the United States. AEM aggregates and purchases gas supply arranges transportation and storage logistics and ultimately delivers gas to customers. In addition, AEM utilizes customer-owned transportation and storage assets to provide various services. Its customers request, include furnishing natural gas supplies at fixed and market-based prices, contract negotiation and administration, load forecasting, gas storage acquisition and management services, transportation services, peaking sales and balancing services, capacity utilization strategies and gas price hedging through the use of financial instruments. Pipeline, Storage and Other Source: Page 13

COMPANY PROFILE

The Company’s pipeline, storage and other segment primarily consists of the operations of Atmos Pipeline and Storage, LLC (APS), which is wholly owned by AEH. APS’ primary business is to provide storage and transportation services to the Louisiana and Kentucky/MidStates regulated natural gas distribution divisions, to its natural gas marketing segment and to third-parties. APS also engages in various asset optimization activities. APS’ primary asset optimization activity involves the administration of two asset management plans with regulated affiliates of the Company.

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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 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. On March 5, 2008, Barrick completed the acquisition of additional 40% interest in the Cortez property. During the year ended December 31, 2008, the Company acquired 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

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

BP p.l.c. (BP) is an oil company, operating through its subsidiaries. With effect from January 1, 2008, it operated in two business segments: Exploration and Production, and Refining and Marketing. A separate business, Alternative Energy, reported in other businesses and corporate, handles its low-carbon businesses. 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), as well as the marketing and trading of natural gas (including liquefied natural gas), power and natural gas liquids. The activities of Refining and Marketing include the refining, manufacturing, supply and trading, marketing and transportation of crude oil, petroleum and petrochemicals products and related services. 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.

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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. The Company’s products are installed at enterprise businesses, public institutions, telecommunications companies, commercial businesses and personal residences. It has five segments: 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. In December 2009, the Company announced that it controlled approximately 89% of interest in Tandberg ASA.

In December 2009, the Company acquired ScanSafe, Inc. (ScanSafe) based in London and San Francisco. ScanSafe is a software-as-a-service (SaaS) Web security solutions for organizations ranging from global enterprises to small businesses. In January 2009, the Company acquired Richards-Zeta Building Intelligence, Inc. In May 2009, the Company purchased Tidal Software, Inc. In May 2009, the Company also purchased Pure Digital Technologies Inc. The Company’s product offerings fall into three categories: its core technologies, routing and switching; advanced 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. Its customer base spans all types of public and private agencies and businesses, comprising enterprise companies, service providers, commercial customers and consumers.

Routing The Company offers a range of routers, from core network infrastructure for service providers and enterprises to access routers for branch offices and for telecommuters and consumers at home. Key products within its routing category are the Cisco 1800 Series, Cisco 2800 Series, and Cisco 3800 Series Integrated Services Routers, as well as the Cisco 7200 Series, Cisco 7600 Series, and Cisco 12000 Series Routers, and the Cisco CRS-1 Carrier Routing System. During the fiscal year ended July 25, 2009 (fiscal 2009), the Company introduced the Cisco ASR 9000 Series Aggregation Services Routers, which are designed to help service providers deliver bandwidth-intensive video and data services to business and residential customers. The ASR 9000 Series is built on the ASR 1000 Series.

Switching The Company’s switching products offer many forms of connectivity to end users, workstations, IP phones, access points and servers, and also function as aggregators on local-area networks (LANs), metropolitan-area networks (MANs) and wide-area networks (WANs). Its switching systems employ several used technologies, including Ethernet, Power over Ethernet, Fibre Channel over Ethernet, Packet over Synchronous Optical Network, and Multiprotocol Label Switching. Many of its switches are designed to support an integrated set of advanced services. The Company offers a family of Ethernet switching solutions from fixed-configuration switches for small and medium-sized businesses to modular switches for enterprises and service providers. Its fixed-configuration switches are designed to provide a foundation for converged data, voice, and video services. They range from small, standalone switches to stackable models that function as a single, scalable switching unit. Key products within switching category are the Cisco Catalyst 2960 Series, 3560 Series, 3750 Series, 4500 Series, and 6500 Series. During fiscal 2009, it delivered its first hypervisor-based software switch, the Cisco Nexus 1000V Series Switch, which is designed to extend networks into virtual machines.

Advanced 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. A key product within its application networking services category is Cisco Wide Area Application Services (WAAS), a WAN optimization solution. Its home networking products connect different devices in the household, through wired or wireless connections, allowing people to share Internet access, printers, storage, video, music, movies, and games throughout the home. Its products include voice and data modems, routers and gateways, Internet video cameras, home entertainment storage, wireless home audio, home network management software, and other products. These products are sold through select retailers, value-added resellers, online retailers, and service providers worldwide. In fiscal 2009, under the Linksys by Cisco brand, the Company introduced home routers and access points supporting

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COMPANY PROFILE the new 802.11n wireless fidelity (Wi-Fi) standard for advanced home wireless networking; wireless home audio kits, and Media Hub devices, which allow people to store, manage, and share video, music, and photos throughout their homes and also to access such digital content from outside their homes with an Internet connection.

The Company’s products in security category span firewall, intrusion prevention, remote access and virtual private networks (VPNs), unified client, Web, and e-mail security. In fiscal 2009, it introduced e-mail and Web security products, including the Cisco IronPort Email Security Appliance and Cisco IronPort Web Security Appliance for enterprise and midmarket companies and the Cisco Spam and Virus Blocker for small businesses. It provides storage area networking (SAN) products for data center environments that deliver multilayer, scalable, and highly secure connectivity between servers and storage systems, including products, such as storage arrays and tape drives. In fiscal 2009, the Company introduced support in its MDS 9000 line of storage switches for the emerging Fibre Channel over Ethernet standard.

Cisco Unified Communications products integrate voice, video, data, and mobile applications on fixed and mobile networks. 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. In fiscal 2009, it introduced the Cisco IP Phone 6900 Series, a line of IP phones, and the Cisco Unified Workspace Licensing program.

The Company’s video systems offerings consist primarily of digital set-top boxes and digital media technology products. Its equipment includes Standard-Definition (SD), IP television (IPTV) service-enabled, Data over Cable System Interface Specification (DOCSIS), DOCSIS Gateway (DSG), High-Definition (HD), digital video recorder (DVR), HD-DVR, multiple-room DVR, Media Center DVR, and digital-only set-top boxes. A key product line within its wireless technology category is the Cisco Aironet product family.

Other Products The Company’s other products consist primarily 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, TelePresence Exchange Services, physical security and video surveillance, digital media systems, and building systems. It also provides a range of service offerings, including technical support services and advanced services.

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

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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 principal 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). The Company operates in four business segments: Financial Services, Healthcare, Manufacturing/Retail/Logistics and Other, which includes communications, media and information services and high technology. In September 2009, the Company announced the acquisition of substantially all of the assets of Pepperweed Advisors, the IT consulting services division of Pepperweed Consulting.

Financial Services During the year ended December 31, 2008, the Company’s Financial Services business segment represented approximately 45.6% 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 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 2008, Cognizant’s Healthcare business segment represented approximately 24.4% of its total revenues. This business segment provides services to its customers operating in 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 2008, the Company’s Manufacturing, Logistics and Retail business segment represented approximately 15.8% 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 In 2008, its Other business segment represented approximately 14.2% of its total revenues. The Company’s communications industry practice serves communications service providers, equipment vendors and software vendors. Some of its solutions include supply chain management solutions, from pre-press to material procurement, circulation, logistics and vendor management; business solutions covering advertising management, online media and e-business; workflow automation covering the product development process for broadcasters; spot ad buying systems covering agency of record, traffic management, post-buy analysis and financial management; digital asset management (DAM) and digital rights management (DRM), and operational systems, including ad sales, studio management, outsourcing billing and payments, along with content management and delivery. Its high technology segment is an independent software vendor (ISVs) and online service provider.

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

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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. It is a pharmacy services company and drives value for its customers through its approximately 6,900 CVS/pharmacy and Longs Drug 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 Its online pharmacy, CVS.com. The Company operates in two business segments: Pharmacy Services and Retail Pharmacy. October 20, 2008, CVS Caremark acquired Longs Drug Stores Corporation, which includes 529 retail drug stores (the Longs Drug Stores) and RxAmerica LLC (RxAmerica), which provides pharmacy benefit management services, and certain other related assets.

During the year ended December 31, 2008, the Company introduced Proactive Pharmacy Care, an approach to engaging plan participants in behaviors that can help lower costs, improve health and save lives. The Proactive Pharmacy Care programs include: Maintenance Choice (a fulfillment option that affords eligible plan participants the choice of picking up their 90-day supply of maintenance medications at any CVS/pharmacy store or obtaining them through mail order in either case at the cost of mail for both the payer and the plan participant); Bridge Supply (which enables eligible plan participants to avoid gaps in care while waiting for their medications to arrive in the mail by obtaining a bridge supply of their prescriptions at any CVS/pharmacy store at no additional charge), and a ExtraCare Health Card program (which offers discounts to eligible plan participants on certain Flexible Spending Account-eligible and over-the-counter health care products sold in any of its CVS/pharmacy stores).

Pharmacy Services 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. Its 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) and Accendo Insurance Company (Accendo) subsidiaries, the Company is a national provider of drug benefits to eligible beneficiaries under the Federal Government’s Medicare Part D program. The pharmacy services business operates under the Caremark Pharmacy Services, Caremark, CVS Caremark, CarePlus CVS/pharmacy, CarePlus, RxAmerica, AccordantCare and TheraCom names. As of December 31, 2008, the Pharmacy Services segment operated 58 retail specialty pharmacy stores, 19 specialty mail order pharmacies and seven mail service pharmacies located in 26 states, Puerto Rico and the District of Columbia.

The Company operates seven automated mail service pharmacies in the continental United States, including one located in Largo, Florida. It also operates a network of smaller mail service specialty pharmacies. In addition, the Company operates a United States Food and Drug Administration (FDA) regulated repackaging facility in which it repackages certain drugs into the most common prescription amounts dispensed from its automated mail service pharmacies. The Company’s specialty pharmacies comprise of 19 specialty mail order pharmacies located throughout the United States and are used for delivery of advanced medications to individuals with chronic or genetic diseases and disorders. One of its mail service specialty pharmacies, TheraCom, provides new product launch services for manufacturers of specialty drugs.

The Company operates a limited number of small pharmacies located at client sites under the CarePlus CVS/pharmacy, CVS/pharmacy or CarePlus name, which provide participants with an alternative for filling their prescriptions. The Company maintains a national network of approximately 60,000 retail pharmacies, including CVS/pharmacy and Longs Drug stores. Its AccordantCare health management programs include integrated disease management, which includes 27 diseases, such as asthma, coronary artery disease, congestive heart failure, diabetes, hemophilia, rheumatoid arthritis and multiple sclerosis.

Retail Pharmacy As of December 31, 2008, the Retail Pharmacy Segment included 6,923 retail drugstores, of which 6,857 operated a pharmacy, its online retail Website, CVS.com and its retail health care clinics. The retail drugstores are located in 41 states and the District of Columbia operating primarily under the CVS/pharmacy, or Longs Drug names. CVS/pharmacy stores sell prescription drugs and a wide assortment of general merchandise, which it refers to as front store products. As of December 31, 2008, it operated 560 retail health care clinics in 27 states under the

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COMPANY PROFILE

MinuteClinic name, of which 534 were located within CVS/pharmacy stores. The CVS/pharmacy store sells prescription drugs and a wide assortment of nationally advertised brand name and private label merchandise. Its front store categories include over-the-counter drugs, beauty products and cosmetics, film and photo finishing services, seasonal merchandise, greeting cards and convenience foods.

The Company competes with Medco Health Solutions, Inc., Express Scripts, Inc., UnitedHealthcare, Wellpoint, Aetna and CIGNA.

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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 27,000 megawatts of generation; 6,000 miles of electric transmission lines; 56,000 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 1.2 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 12 states. The Company operates in three segments: Dominion Virginia Power (DVP), Dominion Energy and Dominion Generation.

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), The East Ohio Gas Company (Dominion East Ohio), Dominion Field Services, Inc. (DFS), Dominion Retail, Inc. (Dominion Retail) and Dominion Resources Services, Inc. (DRS). Virginia Power generates, transmits and distributes electricity for sale in Virginia and northeastern North Carolina. As of December 31, 2008, Virginia Power served approximately 2.4 million retail customer accounts, including governmental agencies, as well as, wholesale customers, such as rural electric co-operatives 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 natural gas and oil in the Appalachian basin of the United States. DFS is involved in the gathering and aggregation of Appalachian natural gas supply and provides various marketing-related services to its customers. Dominion Retail markets gas, electricity and related products and services to residential and small commercial and industrial customers. As of December 31, 2008, these nonregulated retail energy marketing operations served approximately 1.6 million residential and small commercial and industrial customer accounts in the Northeast, mid-Atlantic and Midwest regions of the United States and in Texas. DRS provides accounting, legal, finance, and certain administrative and technical services to the Company’s subsidiaries.

As of December 31, 2008, the Company’s 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. It also operates a liquefied natural gas (LNG) import and storage facility in Maryland.

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 56,000 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 exploration and production (E&P) business. Dominion Energy also includes producer services, which aggregates natural gas supply, engages in natural gas trading and marketing activities and natural gas supply management and provides price risk management services to Dominion affiliates. 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.

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COMPANY PROFILE

Dominion Energy’s gas distribution network is located in the state of Ohio. This network involves approximately 18,500 miles of pipe, exclusive of service lines of two inches in diameter or less. Dominion Energy has approximately 11,890 miles of gas transmission, gathering and storage pipelines located in the states of Maryland, New York, Ohio, Pennsylvania, Virginia and West Virginia.

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 345,600 acres of operated leaseholds. Dominion Energy also owns about 1.2 trillion cubic feet of natural gas and oil reserves and produces approximately 128 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 utility generation operations primarily serve the supply requirements for its DVP segment’s utility customers. Its generation mix is diversified and includes coal, nuclear, gas, oil and renewables. The generation facilities of its electric utility fleet are located in Virginia, West Virginia and North Carolina. The generation facilities of its merchant fleet are located in Connecticut, Illinois, Indiana, Massachusetts, Pennsylvania, Rhode Island, West Virginia and Wisconsin.

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COMPANY PROFILE

Duke Energy Corp. (DUK) Web Site: http://www.duke-energy.com

Duke Energy Corporation (Duke Energy) is an energy company that provides its services through three business segments. The Company’s business segments are U.S. Franchised Electric and Gas, Commercial Power and International Energy. During the year ended December 31, 2008, Crescent was a reportable business segment of Duke Energy. However, in 2008, the Company included the operations of Crescent Other business segment. In September 2008, the Company acquired Catamount Energy Corporation from Diamond Castle Partners. In June 2009, the Company's affiliate acquired Aguaytia Energy, LLC from The Maple Gas Development Corporation, a partially owned subsidiary of Maple Energy plc.

U.S. Franchised Electric and Gas U.S. Franchised Electric and Gas generates, transmits, distributes and sells electricity in central and western North Carolina, western South Carolina, southwestern Ohio, central, north central and southern Indiana, and northern Kentucky. U.S. Franchised Electric and Gas also transports and sells natural gas in southwestern Ohio and northern Kentucky. It conducts operations primarily through Duke Energy Carolinas, Duke Energy Ohio, Inc. (Duke Energy Ohio), Duke Energy Indiana, Inc. (Duke Energy Indiana) and Duke Energy Kentucky, Inc. (Duke Energy Kentucky). U.S. Franchised Electric and Gas’s service area covers about 48,000 square miles with an estimated population of 11 million in central and western North Carolina, western South Carolina, southwestern Ohio, central and southern Indiana, and northern Kentucky.

U.S. Franchised Electric and Gas supplies electric services to approximately 4 million residential, commercial and industrial customers over 150,900 miles of distribution lines and a 20,900-mile transmission system. U.S. Franchised Electric and Gas provides domestic regulated transmission and distribution services for natural gas to approximately 500,000 customers via approximately 7,200 miles of gas mains (gas distribution lines that serve as a common source of supply for more than one service line) and service lines. Electricity is also sold wholesale to incorporated municipalities and to public and private utilities.

Electric energy for U.S. Franchised Electric and Gas’ customers is generated by three nuclear generating stations with a combined net capacity of 5,173 megawatts (including Duke Energy’s 19% ownership in the Catawba Nuclear Station), 15 coal-fired stations with a combined net capacity of 13,472 megawatts (including Duke Energy’s 69% ownership in the East Bend Steam Station and 50.05% ownership in Unit 5 of the Gibson Steam Station), 31 hydroelectric stations (including two pumped-storage facilities) with a combined net capacity of 3,263 megawatts, 15 combustion turbine (CT) stations burning natural gas, oil or other fuels with a combined net capacity of 5,245 megawatts and two combined cycle (CC) stations burning natural gas with a net capacity of 285 megawatts.

Commercial Power Commercial Power owns, operates and manages non-regulated power plants and engages in the wholesale marketing and procurement of electric power, fuel and emission allowances related to these plants, as well as other contractual positions. Commercial Power’s generation asset fleet consists of Duke Energy Ohio’s non-regulated generation in Ohio, and the five Midwestern gas-fired, non-regulated generation assets. Commercial Power’s assets comprise approximately 7,550 megawatts of power generation primarily located in the Midwestern United States. Commercial Power, through Duke Energy Generation Services, Inc. and its affiliates (DEGS), is an onsite energy solutions and utility services provider. Primarily through joint ventures, DEGS engages in utility systems construction, operation and maintenance of utility facilities, as well as cogeneration. As of December 31, 2008, DEGS had approximately 370 net megawatts of wind energy in operation and over 5,000 megawatts of wind energy projects in the development pipeline.

International Energy International Energy operates and manages power generation facilities and engages in sales and marketing of electric power and natural gas outside the United States. It conducts operations primarily through Duke Energy International, LLC (DEI) and its activities target power generation in Latin America. In addition, International Energy owns equity investments in National Methanol Company (NMC), located in Saudi Arabia, which is a regional producer of methanol and methyl tertiary butyl ether (MTBE) and Attiki Gas Supply S.A. (Attiki), located in Athens, Greece, which is a natural gas distributor. International Energy’s customers include retail distributors, electric utilities, independent power producers, marketers and industrial/commercial companies. International Energy owns, operates or has substantial interests in approximately 4,000 net megawatts of generation facilities.

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COMPANY PROFILE

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

Emerson Electric Co. (Emerson), incorporated in 1890, is a diversified 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 five business segments: Process Management, Industrial Automation, Network Power, Climate Technologies, and Appliance and Tools. The Process Management segment provides measurement, control and diagnostic capabilities for automated industrial processes producing items, such as foods, fuels, medicines and power. The Industrial Automation segment is engaged in bringing integrated manufacturing solutions to industries worldwide. The Network Power segment is engaged in providing power and environmental conditioning to help keep the telecommunication systems, data networks and critical business applications continuously operating. The Climate Technologies segment is engaged in enhancing household and commercial comfort, as well as food safety and energy efficiency through air-conditioning and refrigeration technology. The Company’s Appliance and Tools segment is engaged in providing designed motors for a range of applications, appliances and integrated appliance solutions.

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 items, such as oil, natural gas and petrochemicals; food and beverages; pulp and paper; pharmaceuticals; and municipal water supplies. This 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. Its 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. The Company’s 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. Complementary products include onshore and subsea multi-phase meters, wetgas meters, downhold gauges and corrosion/erosion instruments.

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 phosphates (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.

Emerson provides sliding stem valves, rotary valves, butterfly valves and related valve actuators and controllers. It 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 along with the intelligent plant devices (valves and measurement instruments that have advanced diagnostic capabilities), open 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

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COMPANY PROFILE

PlantWeb architecture furnishes a platform to improve asset management and standards compliance, and to reduce startup, operations and maintenance costs. The Company’s process automation and asset optimization service 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 horsepower (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 Company provides both standard and customized automation and power transmission solutions to its 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 majority-owned EGS Electrical Group joint venture with SPX Corporation manufactures a range of components for current- and non-current-carrying electrical distribution devices. These 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.

Network Power 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 round the clock 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 chargers for mobile phones and power adaptors for ink jet printers.

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COMPANY PROFILE

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, community access television (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.

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. This segment also digitally controls and remotely monitors refrigeration units in grocery stores and other food distribution outlets.

Emerson provides a range of heating and air-conditioning products, which include reciprocating and scroll air- conditioning compressors, including 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.

The Company’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 products are also used in industrial applications, including medical applications, food processing and cold storage. These products include compressors; precision flow controls; system diagnostics and controls that provide precise temperature management; and environmental control systems.

Appliance and Tools Emerson’s Appliance and Tools segment includes a range of products and solutions in motors, appliances and components, tools and storage. It provides a range of electric motors, controls and assemblies from fractional to several thousand HP output. The Company’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 Company’s appliance offering includes residential and commercial garbage disposers and ceiling fans, instant hot-water dispensers, and compact electric water heaters. Its 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

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COMPANY PROFILE 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 Company’s 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. Its storage 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.

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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) company 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; 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 April 4, 2008, the Company completed the sale of Custom Medical Products, Inc. On June 30, 2008, the Company completed the sale of CuraScript Infusion Pharmacy, Inc. On July 22, 2008, it completed the acquisition of the Pharmacy Services Division of Medical Services Company. In December 2009, the Company completed the acquisition of WellPoint's NextRx subsidiaries.

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, 2008, 82.9% of its revenues were derived by its PBM operations. As of December 31, 2008, Express Scripts, Inc. operated three home delivery pharmacies to dispense prescription drugs located in Maryland Heights, Missouri; Bensalem, Pennsylvania, and Tempe, Arizona. In addition to the order processing that occurs at these home delivery pharmacies, the Company also operate five non-dispensing order processing facilities in Troy, New York; Harrisburg, Pennsylvania; Bensalem, Pennsylvania; Albuquerque, New Mexico; and Tempe, Arizona. In addition, the Company operated eight contact centers located in Bloomington, Minnesota; Farmington Hills, Michigan; Harrisburg, Pennsylvania; St. Mary’s, Georgia; Tempe, Arizona; Orlando, Florida; St. Louis, Missouri, and Pueblo, Colorado.

The Company offers consultation and financial modeling to assist its clients in selecting benefit plan designs. The benefit design options offered to its clients include financial incentives and reimbursement limitations on the drugs covered by the plan, including drug formularies, tiered co-payments, deductibles or annual benefit maximums; generic drug utilization incentives; incentives or requirements to use only certain network pharmacies or to order certain maintenance drugs (therapies for diabetes and high blood pressure) only for home delivery; reimbursement limitations on the amount of a drug, which can be obtained in a specific period; utilization management programs, such as step therapy and prior authorization that focus the use of medications according to clinically developed algorithms, and behavior-centric programs that drive adoption of generics, therapy adherence and greater use of home delivery.

The Company provides formulary compliance services to its clients. 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. The Company maintains a Website, www.DrugDigest.org, to help consumers make informed decisions about using drugs. The information on DrugDigest.org includes a drug interaction checker; a drug side effect comparison tool; tools to check for less expensive generic and alternative drugs; audible drug name pronunciations; comparisons of different drugs used to treat the same health condition; information on health conditions and their treatments; instructional videos showing administration of specific drug dosage forms; monographs on drugs and dietary supplements; photographs of pills and capsules, and interactive care pathways and health risk assessments.

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, 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

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COMPANY PROFILE

Company-sponsored generic patient assistance programs, and distribution of sample units to physicians and verification of practitioner licensure. During 2008, 17.1% of its revenues were derived from SAAS services.

Collectively, under the CuraScript name, the Company operates four integrated brands that service the patient through multiple paths: Payors, Providers and Pharma. CuraScriptSP operates specialty pharmacies in eight states with primary operations located in Orlando, Florida. These locations provide patient care and direct specialty home delivery to its patients. CuraScriptSD provides specialty distribution of pharmaceuticals and medical supplies direct to providers and clinics, and operates a Group Purchasing Organization (GPO) for many of its clients. The Company operates CuraScriptSD, a specialty distribution centers located in Grove City, Ohio. FreedomFP provides fertility services to both providers and patients, and is located in Byfield, Massachusetts. Finally, HealthBridge provides Bio- Pharma services, including reimbursement and customized logistics solutions.

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. For biopharmaceuticals being launched, it provides biotech manufacturers product distribution management services. 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.

The Company competes with Catalyst RX, Medco, MedImpact, Aetna Inc., CIGNA Corporation, Prime Therapeutics, Wellpoint Health Networks Inc., Caremark (owned by CVS), Rite Aid Health Solutions, Walgreens Health Initiatives, Wal-Mart Stores, Inc., Argus and SXC Health Solutions.

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COMPANY PROFILE

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

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. ExxonMobil is a manufacturer and marketer of commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics and a wide variety of specialty products. It also has interests in electric power generation facilities. Affiliates of ExxonMobil 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.

ExxonMobil Upstream segment business includes its global exploration, development, production, and gas and power marketing activities. These strategies include identifying and pursuing all attractive exploration opportunities, investing in projects that deliver superior returns, maximizing profitability of existing oil and gas production, and capitalizing on growing natural gas and power markets. ExxonMobil’s Downstream segment manufactures and sells petroleum products. The refining and supply operations encompass a global network of manufacturing plants, transportation systems, and distribution centers that provide a range of fuels, lubricants and other products and feedstocks to its customers worldwide. ExxonMobil’s Chemical segment manufactures and sells petrochemicals. The Chemical business supplies olefins, polyolefins, aromatics, and a variety of other petrochemicals.

Exxon Mobil maintains a portfolio of development and exploration opportunities among the international oil companies. During the year ended December 31, 2008, West Africa, the Caspian, the Middle East and Russia accounted for approximately 39% of the Company's production. The remainder of the Corporation’s production is expected to be sourced from established areas, including Europe, North America and Asia Pacific. ExxonMobil has an ownership interest in 37 refineries, located in 20 countries, with distillation capacity of 6.2 million barrels per day and lubricant basestock manufacturing capacity of about 140 thousand barrels per day. ExxonMobil’s fuels and lubes marketing business portfolios include operations around the world, serving a globally diverse customer base.

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.

United States As of December 31, 2008, ExxonMobil’s acreage holdings totaled 10.8 million net acres, of which 2.3 million net acres were offshore. During 2008, 416.4 net exploration and development wells were completed in the inland lower 48 states and 2 net development wells were completed offshore in the Pacific. ExxonMobil’s net acreage in the Gulf of Mexico during 2008, was 2.1 million acres. A total of 3.5 net exploration and development wells were completed during 2008.

Canada / South America ExxonMobil’s acreage holdings totaled 8 million net acres during 2008, of which 3.9 million net acres were offshore. A total of 221.2 net development wells were completed during the year. In Argentina ExxonMobil’s net acreage totaled 0.2 million onshore during 2008, and there were 3.3 net development wells completed during 2008.

Europe In Germany a total of 3.1 million net onshore acres and 0.1 million net offshore acres were held by ExxonMobil during 2008, with 3.5 net development and exploration wells drilled during 2008. In Italy construction of the Adriatic LNG regasification terminal continued in 2008. The terminal was moved from its construction site to its final location offshore Italy for commissioning. The terminal will have the capacity to supply up to 775 million cubic feet of gas per day to the Italian gas market.

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COMPANY PROFILE

In Netherlands ExxonMobil’s net interest in licenses totaled approximately 1.5 million acres during 2008, of which 1.2 million acres were onshore. A total of 2.7 net exploration and development wells were completed during 2008. Offshore, construction of the L09 project was completed. In Norway ExxonMobil’s net interest in licenses during 2008, totaled approximately 0.8 million acres, all offshore. ExxonMobil participated in 8.3 net exploration and development well completions in 2008. In the United Kingdom ExxonMobil’s net interest in licenses during 2008, totaled approximately 1.4 million acres, all offshore. A total of 1.2 net exploration and development wells were completed during 2008.

Africa In Angola ExxonMobil’s acreage holdings totaled 0.7 million during 2008, net offshore acres and 10.5 net exploration and development wells were completed during 2008. On Block 15, development drilling continued at Kizomba A and Kizomba B. The Block’s fourth major development, Kizomba C, began production from the Mondo and Saxi/Batuque fields in 2008. A block-wide three dimensional (3D) and four dimensional (4D) seismic acquisition program concluded during the year. In Cameroon ExxonMobil’s net acreage holdings totaled 0.1 million offshore acres. In Chad ExxonMobil’s acreage holdings consisted of 3.3 million onshore acres during 2008, with 22.8 net development wells completed during the year. In Equatorial Guinea ExxonMobil’s acreage totaled 0.2 million net offshore acres during 2008. In Nigeria ExxonMobil’s net acreage totaled 1 million offshore acres during 2008, with 10.9 net exploration and development wells completed during the year.

Asia Pacific / Middle East During 2008, the Company’s offshore acreage holdings totaled 2.4 million acres in Australia. A total of 3.0 net development wells were drilled. In Indonesia ExxonMobil had 5.1 million net acres, 4.1 million acres offshore and 1.0 million acres onshore and 1.4 net exploration wells were completed during 2008. In Japan ExxonMobil’s net offshore acreage was 36 thousand acres at 2008. In Malaysia ExxonMobil had interests in production sharing contracts covering 0.5 million net acres during 2008. A total of 9.8 net development wells were completed. In Papua New Guinea it held 0.4 million net onshore acres. In Qatar its liquefied natural gas (LNG) operating companies included, Qatar Liquefied Gas Company Limited; Qatar Liquefied Gas Company Limited (II); Ras Laffan Liquefied Natural Gas Company Limited; Ras Laffan Liquefied Natural Gas Company Limited (II), and Ras Laffan Liquefied Natural Gas Company Limited (3). In Republic of Yemen its net acreage areas totaled 10 thousand acres during 2008. In Thailand ExxonMobil’s net onshore acreage totaled 21 thousand acres. ExxonMobil’s net acreage in the Abu Dhabi oil concessions was 0.6 million during 2008.

Russia/Caspian During 2008, ExxonMobil’s net acreage were 0.1 million acres, all offshore. A total of 2.7 net development wells were completed in the Chayvo field during the year. Phase 1 facilities include an offshore platform, onshore well site (from which extended reach horizontal drilling was completed in 2008), an onshore processing plant, an oil pipeline from Sakhalin Island to the Russian mainland, a mainland crude storage and loading terminal and an offshore loading buoy for loading shipments of oil by tanker.

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COMPANY PROFILE

First Energy Corp. (FE) Web Site: http://www.firstenergycorp.com

FirstEnergy Corp. (FirstEnergy) is principally a holding company that holds, directly or indirectly, eight principal electric utility operating subsidiaries: Ohio Edison Company (OE), The Cleveland Electric Illuminating Company (CEI), The Toledo Edison Company (TE), Pennsylvania Power Company (Penn), American Transmission Systems, Inc. (ATSI), Jersey Central Power & Light Company (JCP&L), Metropolitan Edison Company (Met-Ed) and Pennsylvania Electric Company (Penelec). The Company’s revenues are primarily derived from electric service provided by its utility operating subsidiaries and the revenues of its other principal subsidiary, FirstEnergy Solutions Corp. (FES). In addition, FirstEnergy holds all the common stock of other direct subsidiaries, including FirstEnergy Properties, Inc., FirstEnergy Ventures Corp., FirstEnergy Nuclear Operating Company (FENOC), FirstEnergy Securities Transfer Company, GPU Diversified Holdings, LLC, GPU Telecom Services, Inc., GPU Nuclear, Inc. and FirstEnergy Service Company (FESC).

The Company's combined service areas encompass approximately 36,100 square miles in Ohio, New Jersey and Pennsylvania. Its generating portfolio includes 14,173 megawatts (net) of diversified capacity (FES-13,973 megawatts and JCP&L-200 megawatts). Within FES’ portfolio, approximately 7,469 megawatts, or 53.5%, consists of coal-fired capacity; 3,991 megawatts, or 28.6%, consists of nuclear capacity; 1,599 megawatts, or 11.4%, consists of oil and natural gas peaking units; 451 megawatts, or 3.2%, consists of hydroelectric capacity, and 463 megawatts, or 3.3%, consists of capacity from FGCO’s 20.5% entitlement to the generation output owned by the Ohio Valley Electric Corporation. FirstEnergy’s nuclear and non-nuclear facilities are all operated by FENOC and FGCO. The FES generating assets are concentrated primarily in Ohio, plus the bordering regions of Pennsylvania and Michigan.

FES provides energy-related products and services to wholesale and retail customers in the MISO and PJM markets. FES also owns and operates, through its subsidiary, FGCO, FirstEnergy's fossil and hydroelectric generating facilities, and owns, through its subsidiary, FirstEnergy Nuclear Generation Corp. (NGC), FirstEnergy's nuclear generating facilities. FENOC operates and maintains NGC's nuclear generating facilities. FES purchases the entire generation output of the facilities owned by FGCO and NGC, as well as the output relating to leasehold interests of CEI, OE and TE (the Ohio Companies) in certain of those facilities that are subject to sale and leaseback arrangements with non- affiliates.

OE operates as an electric public utility in Ohio. OE engages in the distribution and sale of electric energy to communities in a 7,000 square mile area of central and northeastern Ohio. OE owns all of Penn's outstanding common stock. Penn owns property and does business as an electric public utility in Pennsylvania.

CEI operates as an electric public utility in Ohio. CEI is engaged in the distribution and sale of electric energy in an area of approximately 1,600 square miles in north eastern Ohio. The area it serves has a population of approximately 1.8 million. TE is an electric public utility. TE is engaged in the distribution and sale of electric energy in an area of approximately 2,300 square miles in north western Ohio.

ATSI owns transmission assets that were formerly owned by the Ohio Companies and Penn. ATSI owns and operates major, high-voltage transmission facilities, which consist of approximately 5,821 pole miles of transmission lines with nominal voltages of 345 kilovolts, 138 kilovolts and 69 kilovolts. ATSI is the control area operator for the Ohio Companies and Penn service areas.

JCP&L owns property and does business as an electric public utility. JCP&L provides transmission and distribution services in 3,200 square miles of northern, western and east central New Jersey. The area it serves has a population of approximately 2.6 million. Met-Ed owns property and does business as an electric public utility in Pennsylvania. Met-Ed provides transmission and distribution services in 3,300 square miles of eastern and south central Pennsylvania.

Penelec owns property and does business as an electric public utility in Pennsylvania. Penelec provides transmission and distribution services in 17,600 square miles of western, northern and south central Pennsylvania. The area it serves has a population of approximately 1.6 million. Penelec, as lessee of the property of its subsidiary, The Waverly Electric Light & Power Company, also serves customers in Waverly, New York and its vicinity. FESC provides legal, financial and other corporate support services to affiliated FirstEnergy companies.

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COMPANY PROFILE

FPL Group, Inc. (FPL) Web Site: http://www.fplgroup.com

FPL Group, Inc. (FPL Group), incorporated in 1984, is a provider of electricity-related services. The Company has two principal operating subsidiaries, Florida Power & Light Company (FPL) and NextEra Energy Resources. FPL is a rate- regulated utility engaged primarily in the generation, transmission, distribution and sale of electric energy. NextEra Energy Resources is the Company’s competitive energy subsidiary, which produces the majority of its electricity from clean and renewable fuels. FPL Group Capital Inc. (FPL Group Capital), a wholly owned subsidiary of FPL Group, holds the capital stock of, or has equity interests in, FPL Group's operating subsidiaries, other than FPL, and provides funding for those subsidiaries, including NextEra Energy Resources. As at December 31, 2008, FPL's and NextEra Energy Resources generating assets, together, represented approximately 39,000 megawatt of capacity. FPL FiberNet, LLC (FPL FiberNet), a wholly subsidiary of the Company, provides fiber-optic services to FPL, telecommunications companies and other customers throughout Florida.

FPL Operations FPL supplies electric service to a population of more than 8.7 million throughout most of the east and lower west coasts of Florida. During the year ended December 31, 2008, FPL served approximately 4.5 million customer accounts. During 2008, residential customers accounted for 53% of FPL's operating revenues. Commercial and industrials customers accounted for 40% and 4%, respectively, of FPL's operating revenues . FPL's retail operations provided approximately 99% of its operating revenues during 2008. As of December 31, 2008, FPL held 176 franchise agreements to provide electric service in various municipalities and counties in Florida, with varying expiration dates through 2039. At December 31, 2008, FPL's resources for serving load consisted of 24,997 megawatts, of which 22,087 megawatts were from FPL-owned facilities and 2,910 megawatts were available through purchased power contracts.

FPL's generating plants use a variety of fuels. FPL owns and operates 83 units that utilize fossil fuels, such as natural gas and/or oil, and has a joint-ownership interest in three coal units. As of December 31, 2008, FPL was constructing tthree natural gas-fired, combined-cycle units of approximately 1,220 megawatts each at its West County Energy Center in western Palm Beach County, Florida. FPL owns, or has undivided interests in, and operates four nuclear units, two at Turkey Point and two at St. Lucie, with a total net generating capability of 2,939 megawatts. FPL is in the process of adding approximately 400 megawatts of baseload capacity at its existing nuclear units at St. Lucie and Turkey Point. Energy Marketing & Trading (EMT), a division of FPL, buys and sells wholesale energy commodities, such as natural gas, oil and electricity. EMT procures natural gas and oil for FPL's use in power generation and sells excess gas, oil and electricity.

NextEra Energy Resources Operations NextEra Energy Resources is a wholly owned subsidiary of FPL Group Capital. Through its subsidiaries, NextEra Energy Resources owns, develops, constructs, manages and operates domestic electric generating facilities in wholesale energy markets. NextEra Energy Resources also provides energy and capacity requirements services primarily to distribution utilities in certain markets, and owns a retail electric provider based in Texas. NextEra Energy Resources manages or participates in the management of approximately 96% of its projects, which represent approximately 99% of the net generating capacity in which NextEra Energy Resources has an ownership interest. At December 31, 2008, NextEra Energy Resources had ownership interests in operating independent power projects with a net generating capability totaling 16,928 megawatts. Generation capacity spans various regions and is produced utilizing a variety of fuel sources.

NextEra Energy Resources’s assets can be categorized into three groups: wind, non-wind contracted and merchant. At December 31, 2008, wind contracted and merchant had ownership interests in wind plants with a combined capacity of approximately 6,375 megawatts (net ownership), of which approximately 69% have long-term contracts with utilities and power marketers predominantly under fixed-price agreements with expiration dates ranging from 2011 to 2032. NextEra Energy Resources’s wind facilities are located in 16 states and Canada. At December 31, 2008, NextEra Energy Resources had 3,537 megawatts of non-wind contracted assets. The contracted category includes all projects, other than wind, with contracts for substantially all of their output, and approximately 1,825 megawatts of this capacity is gas-fired generation. The remaining 1,712 megawatts uses a variety of fuels and technologies, such as nuclear, waste-to-energy, oil, solar, coal and petroleum coke.

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COMPANY PROFILE

At December 31, 2008, NextEra Energy Resources’s portfolio of merchant assets included 7,016 megawatts of owned nuclear, natural gas, oil and hydro generation, of which 2,789 megawatts was located in the Electric Reliability Council of Texas (ERCOT) region, 2,751 megawatts in the New England Power Pool (NEPOOL) region and 1,476 megawatts in other regions. The merchant assets include 965 megawatts of peak generating facilities. Merchant assets are plants that do not have long-term power sales agreements to sell their output and therefore require active marketing and hedging.

NextEra Energy Resources wholly owns, or has undivided interests in, three nuclear power plants with a total net generating capability of 2,545 megawatts. NextEra Energy Resources is responsible for all plant operations and the ultimate decommissioning of the plants, the cost of which is shared on a pro-rata basis by the joint owners. PMI, a subsidiary of NextEra Energy Resources, buys and sells wholesale energy commodities, such as natural gas, oil and electricity. Its primary activity is to manage the commodity risk of NextEra Energy Resources’ portfolio and to sell the output from NextEra Energy Resources’s plants that have not been sold under long-term contracts. PMI procures natural gas and 'oil for NextEra Energy Resources use in power generation, as well as substantially all of the electricity needs for FPL En’s energy's retail operations conducted primarily in Texas, which at December 31, 2008, served approximately 1,200 megawatts of peak load to approximately 160,000 customers. PMI also provides energy and capacity requirements services primarily to distribution utilities in certain markets, and engages in energy trading activities. At December 31, 2008, PMI provided energy and capacity requirements services totaling approximately 3,300 megawatts of peak load in the NEPOOL, PJM Interconnection, L.L.C. (PJM) and ERCOT markets.

Other FPL Group Operations FPL FiberNet leases wholesale fiber-optic network capacity and dark fiber to FPL and other customers, primarily telephone, Internet and other telecommunications companies. FPL FiberNet's primary business focus is the Florida metropolitan (metro) market. Metro networks cover Miami, Fort Lauderdale, West Palm Beach, Tampa, St. Petersburg, Orlando and Jacksonville. FPL FiberNet also has a long-haul network within Florida that leases bandwidth at wholesale rates. At December 31, 2008, FPL FiberNet's network consisted of approximately 2,745 route miles, which interconnected major cities throughout Florida.

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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 has United States and international commercial sales operations, with marketing subsidiaries in Australia, Austria, Canada, France, Germany, Greece, Ireland, Italy, New Zealand, Portugal, Spain, Switzerland, Turkey, United Kingdom, and United States. Its commercial team promotes Truvada, Viread, Emtriva, Hepsera, AmBisome, Letairis, and Flolan through direct field contact with physicians, hospitals, clinics, and other healthcare providers. Gilead’s corporate partner, Astellas Pharma, Inc. (Astellas), promotes and sells AmBisome in the United States, Canada, Europe, Australia, and New Zealand. In May 2008, the Company acquired Navitas Assets, LLC’s. In April 2009, the Company announced the completion of its acquisition of CV Therapeutics, Inc.

Truvada Truvada (emtricitabine and tenofovir disoproxil fumarate) is an oral formulation dosed once a day as part of combination therapy to treat human immunodeficiency virus (HIV) infection in adults. It is a fixed dose combination of the anti-HIV medications, Viread (tenofovir disoproxil fumarate), and Emtriva (emtricitabine).

Atripla Atripla (efavirenz 600 milligram (mg)/ emtricitabine 200 mg/ tenofovir disoproxil fumarate 300 mg) 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 stand alone therapy or in combination with other antiretrovirals. It is a fixed dose combination of the anti-HIV medications, Viread and Emtriva, and Bristol Myers-Squibb Company’s non-nucleoside reverse transcriptase inhibitor, Sustiva (efavirenz).

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. In December 31, 2008, the Company marketed Viread for the treatment of chronic hepatitis B in the United States, the European Union, and other countries, including Canada and Turkey.

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 used as part of combination therapy to treat HIV infection in children.

Hepsera Hepsera (adefovir dipivoxil) is an oral formulation of a nucleotide analogue polymerase inhibitor, dosed once a day to treat chronic hepatitis B. It commercializes Hepsera for the treatment of hepatitis B in Asia, Latin America, and certain other territories to GlaxoSmithKline Inc. (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), promotes and sells AmBisome in the United States, Canada, Europe, Australia, and New Zealand.

Letairis Letairis (ambrisentan) is an endothelin receptor antagonist (ERA) indicated for the treatment of pulmonary arterial hypertension (PAH) (WHO Group 1) in patients with WHO Class II or III symptoms to improve exercise capacity and delay clinical worsening. Letairis is available only through a special restricted distribution program called the Letairis Education and Access Program (LEAP). Only prescribers and pharmacies registered with LEAP may prescribe, sell and distribute Letairis.

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COMPANY PROFILE

Vistide Vistide (cidofovir injection) is an antiviral medication for the treatment of cytomegalovirus retinitis in patients with AIDS. The Company sell Vistide in the United States through the wholesale channel and in 25 countries outside the United States.

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. Flolan is distributed in the United States through a specialty pharmacy.

Tamiflu Tamiflu (oseltamivir phosphate) is an oral antiviral available in capsule form for the treatment and prevention of influenza A and B. Tamiflu is for the treatment of influenza in children and adults in more than 60 countries, including the United States, Japan and the European Union. Gilead developed Tamiflu with F. Hoffmann-La Roche Ltd.

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 developed by OSI Pharmaceuticals, Inc. (OSI) using technology licensed from the Company and is promoted in the United States by OSI.

The Company competes with Abbott Laboratories, Inc., Boehringer Ingelheim GmbH, Merck & Co., Inc., Pfizer Inc., Hoffmann-La Roche Inc., Johnson & Johnson., Enzon Pharmaceuticals, Inc, Zeneus Pharma Ltd, Three Rivers Pharmaceuticals, LLC, Genpharma, S.A, Bristol Myers-Squibb Company, Novartis Pharmaceuticals Corporation, GlaxoSmithKline Inc., Shire Pharmaceuticals Group PLC, Schering Plough Corporation, Actelion Pharmaceuticals US, Inc., United Therapeutics Corporation, and Novarti, Genentech, Inc.

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COMPANY PROFILE

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

W.W. Grainger, Inc. (Grainger), incorporated in 1928, distributes facilities maintenance products, and provides services and related information used by businesses and institutions primarily in the United States, Canada and Mexico to keep their facilities and equipment running. Grainger is the supplier of facilities maintenance and other related products in North America. 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), Grainger China LLC (China) and Grainger Panama S.A. (Panama). Acklands – Grainger is the Company’s Canadian branch-based distribution business. Lab Safety is a direct marketer of safety and other industrial products. In September 2009, the Company completed a transaction, pursuant to which it has achieved a 53% majority ownership in MonotaRO Co., Ltd. In November 2009, W.W. Grainger, Inc. completed the acquisition of Alliance Energy Solutions.

On July 21, 2008, the Company acquired a 49.9% interest in Asia Pacific Brands India Ltd. (Asia Pacific Brands). Asia Pacific Brands is an India-based industrial and electrical wholesale distributor. On July 10, 2008, Lab Safety Supply, Inc. (Lab Safety), the direct marketing subsidiary of the Company, acquired Highsmith Inc. On June 6, 2008, Acklands - Grainger Inc. acquired Excel F.I.G. Inc. (Excel). Excel is a business-to-business distributor of maintenance, repair and operating supplies.

Grainger Branch-based The Grainger Branch-based businesses provide customers with solutions for facilities maintenance and other product needs through logistics networks, which are configured for product availability. Grainger offers a selection of facilities 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 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 primarily focused on the facilities maintenance market. Its customers range from small and medium-sized businesses to large corporations, governmental entities and other institutions. As of December 31, 2008, Industrial Supply completed an average of 95,000 sales transactions daily.

Industrial Supply operates 437 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. Branches primarily fulfill counter and will-call needs and provide customer service. In total branches average 22,000 square feet in size, has 12 employees and handles about 125 transactions per day. As of December 31, 2008, Industrial Supply opened 13 branches, relocated 13, expanded or remodeled 11 and closed 10 branches.

Industrial Supply’s logistics network is comprised of nine distribution centers (DCs). Using automated equipment and processes, the DCs handle the customer shipping and replenish branch inventories. Industrial Supply’s primary customers work in facilities maintenance departments and service shops across a range of industries, such as manufacturing, hospitality, transportation, government, retail, healthcare and education. During 2008, sales transactions were made to approximately 1.3 million customers. Approximately 24% of sales in 2008, consisted of private label items bearing Grainger’s trademarks, including DAYTON motors, SPEEDAIRE air compressors, AIR HANDLER air filtration equipment, DEM-KOTE spray paints, WESTWARD tools, CONDOR safety products and LUMAPRO lighting products. The Industrial Supply catalog, issued in February 2009, offers approximately 237,000 facilities maintenance and other products and is used by customers, sales representatives and branch personnel to assist in customer product selection. Approximately 2.2 million copies of the catalog were produced.

Through a global sourcing operation, Industrial Supply procures products produced outside the United States from approximately 320 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 facilities maintenance products and other products from both Mexico and the United States. As of December 31, 2008, Mexico opened six branches and one master branch,

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bringing their total number of locations to 22. 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. As of December 31, 2008, approximately 1,000 sales 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 has 10 sales offices that allow sales representatives to work remotely and meet with customers. Customers have access to approximately 50,000 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 154 branches and five DCs across Canada. Acklands – Grainger distributes tools, fasteners, safety supplies, instruments, welding and shop equipment, and many other items. As of December 31, 2008, 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 61,000 products is used by customers, sales account managers and branch personnel to assist in customer product selection. In addition, customers can purchase products through acklandsgrainger.com, a fully bilingual Website.

Lab Safety Lab Safety is a direct marketer of safety and other industrial products to United States and Canadian businesses. 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), McFeely’s Square Drive Screws (woodworking) and Highsmith (library equipment, furniture and supplies). Customers can purchase products by telephone, fax or through lss.com and other branded Websites.

As of December 31, 2008, 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.

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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.

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

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COMPANY PROFILE

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.

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.

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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.

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COMPANY PROFILE

International Business Machines Corp. (IBM) Web Site: http://www.ibm.com

Business Machines Corporation (IBM), incorporated on June 16, 1911, is an information technology (IT) company. The Company’s major operations include Global Technology Services segment (GTS), Global Business Services segment (GBS), Software segment, Systems and Technology segment, and Global Financing segment. In July 2009, IBM acquired Ounce Labs, Inc., a privately held company based in Waltham, Massachusetts, whose software helps companies to reduce the risks and costs associated with security and compliance concerns. IBM will integrate Ounce Labs, a provider of enterprise source code security testing, into its Rational software business. In August 2009, the Company announced the launch of its China Analytics Solution Center, part of a network of global centers. In October 2009, IBM Corporation completed its acquisition of SPSS Inc. In November 2009, IBM acquired Guardium, a real time enterprise database monitoring and protection.

Global Technology Services GTS primarily provides IT infrastructure services and business process services, delivering business value through the Company’s global scale, standardization and automation. GTS capabilities include strategic outsourcing services, integrated technology services, business transformation outsourcing, integrated technology services, business transformation outsourcing, business transformation outsourcing and maintenance.

Global Business Services GBS primarily provides professional services and application outsourcing services. GBS capabilities include consulting and systems integration, and application management services. Consulting and systems integration includes delivery of value to clients through consulting services for client relationship management, financial management, human-capital management, business strategy and change, and supply-chain management. Application management services include application development, management, maintenance and support services for packaged software, as well as custom and legacy applications.

Software Software consists primarily of middleware and operating systems software. Middleware software enables clients to integrate systems, processes and applications across a standard software platform. IBM middleware is designed to open standards, which allows the integration of disparate client applications that may have been built internally, or provided by packaged software vendors or system integrators. Operating systems are the software engines that run computers. Approximately two-thirds of external software segment revenue is annuity-based, coming from recurring license charges and on-going subscription and support from one-time charge (OTC) arrangements. The remaining one-third of external revenue relates to OTC arrangements, in which the client pays one up-front payment for a perpetual license. Arrangements for the sale of OTC software include one year of maintenance. The client can also purchase ongoing maintenance after the first year, which includes product upgrades and technical support.

Systems and Technology Systems and Technology segment provides clients with business solutions requiring advanced computing power and storage capabilities. Approximately 55% of Systems and Technology’s server and storage sales transactions are through the Company’s business partners; approximately 45% are direct to end user clients. In addition, Systems and Technology provides semiconductor technology and products, packaging solutions and engineering technology services to clients and for IBM’s own technology needs.

Global Financing Global Financing invests in financing assets, leverages with debt and manages the associated risks with the objective of generating returns on equity. Global Financing comprises three lines of business: Client financing, Commercial financing and Remarketing. Client financing provides lease and loan financing to end users and internal clients for terms generally between two and seven years. Internal financing is predominantly in support of Global Services’ long- term client service contracts. Commercial financing provides primarily short-term inventory and accounts receivable financing to dealers and remarketers of IT products. Remarketing sells and leases used equipment to new or existing clients both externally and internally. This equipment is primarily sourced from the conclusion of lease transactions.

The Company competes with Hewlett-Packard Company, Accenture, Computer Sciences Corporation, Satyam Computer Services Ltd., Wipro Technologies, Accenture, Infosys Consulting, Dell, Inc., Sun Microsystems, EMC Corporation, Oracle Corporation, Microsoft Corporation, CA, Inc., General Electric Company and CIT Group, Inc.

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COMPANY PROFILE iShares Emerging Markets Index Fund (EEM) Web Site: http://us.ishares.com/home.htm

The iShares MSCI Emerging Markets Index Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in emerging markets, as measured by the MSCI EAFE Index.

Index Description

The MSCI Emerging Markets Index was developed by Morgan Stanley Capital International Inc. as an equity benchmark for international stock performance. It is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization. Component companies are adjusted for available float and must meet objective criteria for inclusion to the index, taking into consideration unavailable strategic share holdings and limitations to foreign ownership. MSCI rebalances the index quarterly.

Sector Breakdown

1. Financials 25.5% 2. Energy 15.3% 3. Materials 14.9% 4. Information Technology 14.5% 5. Telecommunications Services 9.7% 6. Industrials 5.1% 7. Consumer Staples 4.4% 8. Consumer Discretionary 4.3% 9. Utilities 3.7% 10. Healthcare 2.0% Other/Undefined 0.6%

Top 10 Holdings

1. Samsung Electric 3.6% 2. Petrolio Brasileiro ADR 2.8% 3. Taiwan Semiconductor ADR 2.7% 4. Banco Itau Holding ADR 2.7% 5. Petroleo Brasileiro ADR 2.4% 6. Posco ADR 2.4% 7. China Mobile Ltd 1.8% 8. HDFC Bank Ltd ADR 1.8% 9. KB Financial Group ADR 1.7% 10. Banco Bradesco ADR 1.7%

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COMPANY PROFILE

iShares S&P Global Materials Sector Index Fund (MXI) Web Site: http://us.ishares.com/home.htm

The iShares MSCI Emerging Markets Index Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Standard & Poor’s (S&P) Global Materials Index. MXI includes companies that S&P deems part of the materials sector of the economy and important to global markets. The S&P Global Materials Sector Index is a subset of the S&P Global 1200 Index.

Index Description

The S&P Global Materials sector index includes companies engaged in a wide variety of commodity-related manufacturing. With the exception of the U.S., all companies are float adjusted and reconstitution is a continuous process.

Sector Breakdown

1. Metals & Mining 56.9% 2. Chemicals 33.3% 3. Construction Materials 4.4% 4. Paper & Forest Products 3.3% 5. Containers & Packaging 2.0% 6. Short Term Securities 0.1%

Top 10 Holdings

1. BHP Billiton Ltd 7.6% 2. BHP Billiton Plc 4.3% 3. Rio Tinto Plc 4.1% 4. BASF SE 3.8% 5. Anglo American Plc 3.5% 6. Vale SA ADR 3.2% 7. Monsanto Co 2.8% 8. Arcelormittal 2.3% 9. Posco ADR 2.3% 10. Barrick Gold Corp 2.2%

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COMPANY PROFILE

Johnson & Johnson (JNJ) Web Site: http://www.jnj.com/connect/

Johnson & Johnson, incorporated in 1887, is engaged in the research and development, manufacture and sale of a range of products in the healthcare field. Johnson & Johnson has more than 250 operating companies. The Company operates in three segments: Consumer, Pharmaceutical, and Medical Devices and Diagnostics. In October 2008, the Company acquired HealthMedia, Inc. In December 2008, Johnson & Johnson acquired Omrix Biopharmaceuticals, Inc. In July 2009, Johnson & Johnson completed the acquisition of Cougar Biotechnology, Inc. with approximately 95.9% interest in Cougar Biotechnology's outstanding common stock. In September 2009, Elan Corporation, plc and Johnson & Johnson announced that JANSSEN Alzheimer Immunotherapy, a newly formed subsidiary of Johnson & Johnson, has completed the acquisition of substantially all of the assets and rights of Elan related to its Alzheimer`s Immunotherapy Program (AIP).

Consumer The Consumer segment includes a range of products used in the baby care, skin care, oral care, wound care and women’s healthcare fields, as well as nutritional and over-the-counter pharmaceutical products. Major brands include AVEENO, CLEAN & CLEAR; JOHNSON’S Adult; NEUTROGENA; RoC; LUBRIDERM; Beijing Dabao Cosmetics Co., Ltd., and Vendome product lines. The Oral Care franchise includes the LISTERINE and REACH oral care lines of products. Major brands in the Women’s Health franchise are the CAREFREE Pantiliners and STAYFREE sanitary protection products. The nutritional and over-the-counter lines include SPLENDA, No Calorie Sweetener; the family of TYLENOL acetaminophen products; SUDAFED cold, flu and allergy products; ZYRTEC allergy products; MOTRIN IB ibuprofen products, and PEPCID AC Acid Controller from Johnson & Johnson Merck Consumer Pharmaceuticals Co. These products are marketed principally to the general public and sold both to wholesalers, and directly to independent and chain retail outlets.

Pharmaceutical The Pharmaceutical segment includes products in the therapeutic areas, such as anti-infective, antipsychotic, cardiovascular, contraceptive, dermatology, gastrointestinal, hematology, immunology, neurology, oncology, pain management, urology and virology. These products are distributed directly to retailers, wholesalers and health care professionals for prescription use by the general public.

Key products in the Pharmaceutical segment include REMICADE (infliximab), a biologic approved for the treatment of Crohn’s disease, ankylosing spondylitis, psoriasis, psoriatic arthritis, ulcerative colitis, and use in the treatment of rheumatoid arthritis; TOPAMAX (topiramate), approved for adjunctive and monotherapy use in epilepsy, as well as for the prophylactic treatment of migraines; PROCRIT (Epoetin alfa, sold outside the United States as EPREX), a biotechnology-derived product that stimulates red blood cell production; RISPERDAL oral (risperidone), a medication that treats the symptoms of schizophrenia, bipolar mania and irritability associated with autistic behavior in indicated patients, RISPERDAL CONSTA (risperidone), an injectable, and INVEGATM (paliperdone) Extended-Release tablets, for the treatment of schizophrenia; LEVAQUIN (levofloxacin) and FLOXIN (ofloxacin), both in the anti-infective field; CONCERTA (methylphenidate HCl), a product for the treatment of attention deficit hyperactivity disorder; ACIPHEX/PARIET, a proton pump inhibitor co-marketed with Eisai Inc., and DURAGESIC/Fentanyl Transdermal (fentanyl transdermal system, sold outside the United States as DUROGESIC), a treatment for chronic pain.

Medical Devices and Diagnostics The Medical Devices and Diagnostics segment includes a range of products distributed to wholesalers, hospitals and retailers, used principally in the professional fields by physicians, nurses, therapists, hospitals, diagnostic laboratories and clinics. These products include Cordis’ circulatory disease management products; DePuy’s orthopaedic joint reconstruction and spinal care and sports medicine products; Ethicon’s surgical care and women’s health products; Ethicon Endo-Surgery’s minimally invasive surgical products; LifeScan’s blood glucose monitoring and insulin delivery products; Ortho-Clinical Diagnostics’ professional diagnostic products, and Vistakon’s disposable contact lenses. Distribution to these healthcare professional markets is done both directly and through surgical supply, and other dealers.

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COMPANY PROFILE

Kimberly-Clark Corp. (KMB) Web Site: http://www.kimberly-clark.com

Kimberly-Clark Corporation, incorporated in 1928, is a global health and hygiene company focused on product innovation and building its personal care, consumer tissue, K-C Professional and Other and health care brands. The Company is principally engaged in the manufacturing and marketing of a range of health and hygiene products worldwide. The Company operates in four segments: Personal Care; Consumer Tissue; K-C Professional & Other; and Health Care. In April 2009, the Company announced that it acquired Jackson Products, Inc., a provider of welding safety products, personal protective equipment and work zone safety products. In October 2009, the Company acquired Baylis Medical Company's pain management business, which includes a number of minimally invasive radio- frequency pain management products.

The Personal Care segment manufactures and markets disposable diapers, training and youth pants, and swimpants; baby wipes; feminine and incontinence care products; and related products. Products in this segment are primarily for household use and are sold under a range of brand names, including Huggies, Pull-Ups, Little Swimmers, GoodNites, Kotex, Lightdays, Depend, Poise and other brand names. The Consumer Tissue segment manufactures and markets facial and bathroom tissue, paper towels, napkins and related products for household use. Products in this segment are sold under the Kleenex, Scott, Cottonelle, Viva, Andrex, Scottex, Hakle, Page and other brand names.

The K-C Professional & Other segment manufactures and markets facial and bathroom tissue, paper towels, napkins, wipers and a range of safety products for the away-from-home marketplace. Products in this segment are sold under the Kimberly-Clark, Kleenex, Scott, WypAll, Kimtech, KleenGuard and Kimcare brand names. The Health Care segment manufactures and markets disposable health care products such as surgical gowns, drapes, infection control products, sterilization wrap, face masks, exam gloves, respiratory products and other disposable medical products. Products in this segment are sold under the Kimberly-Clark, Ballard and other brand names.

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COMPANY PROFILE

Kraft Foods, Inc. (KFT) Web Site: http://www.kraftfoodscompany.com/home/index.aspx

Kraft Foods Inc. (Kraft), incorporated in 2000, is engaged in manufacturing and marketing packaged food products, including snacks, beverages, cheese, convenient meals and various packaged grocery products. During the year ended December 31, 2008, the Company have operations in more than 70 countries and sell the products in approximately 150 countries. The Company manages and operates, through two commercial units: Kraft North America and Kraft International. Kraft North America operates in the United States and Canada. On August 4, 2008, the Company completed the spin-off of its post cereals business. The brands of the Company span five consumer sectors: snacks, beverages, cheese, grocery and convenient meals.

Kraft North America The Kraft North America business segment includes the United States Beverages, the United States Cheese, the United States Convenient Meals, the United States Grocery and the United States Snacks. The beverages brands include Maxwell House, Starbucks (under license), Gevalia, General Foods International, Yuban, Sanka, Nabob and Seattle’s Best (under license) coffees; Tassimo hot beverage system; Capri Sun (under license) and Kool-Aid packaged juice drinks; Kool-Aid, Crystal Light and Country Time powdered beverages; and Tazo (under license) teas. The cheese include Kraft and Cracker Barrel natural cheeses; Philadelphia cream cheese; Kraft grated cheeses; Polly-O cheese; Kraft, Velveeta and Cheez Whiz process cheeses; Deli Deluxe process cheese slices; and Breakstone’s and Knudsen cottage cheese and sour cream.

The convenient meals brands include Lunchables lunch combinations; Oscar Mayer and Louis Rich cold cuts, hot dogs and bacon; DiGiorno, Tombstone, Jack’s, Delissio and California Pizza Kitchen (under license) frozen pizzas; South Beach Living (under license) pizzas and meals; Boca soy-based meat alternatives; and Deli Creations complete sandwiches. The grocery include Jell-O dry packaged desserts; Cool Whip whipped topping; Jell-O refrigerated gelatin and pudding snacks; Jet-Puffed marshmallows; Kraft and Miracle Whip spoonable dressings; Kraft and Good Seasons salad dressings; A.1.steak sauce; Kraft and Bull’s-Eye barbecue sauces; Grey Poupon premium mustards, and Shake N’ Bake coatings.

The snacks brands include Oreo, Chips Ahoy!, Newtons, Nilla, Nutter Butter and SnackWell’s cookies; Ritz, Premium, Triscuit, Wheat Thins, Cheese Nips, Honey Maid Grahams, Teddy Grahams and Kraft macaroni and cheese crackers; Nabisco 100 Calorie Packs; South Beach Living (under license) crackers, cookies and snack bars; Planters nuts and trail mixes; Handi-Snacks two-compartment snacks; Back to Nature granola, cookies, crackers, nuts and fruit and nut mixes, and Balance nutrition and energy bars. The Canada and foodservice products span all Kraft North America segments and sectors.

Kraft International The Kraft International segment includes the European Union and the developing markets. The snacks brands of the European Union include Milka, Suchard, Côte d’Or, Marabou, Toblerone, Freia, Terry’s, Daim / Dime, Figaro, Karuna, Lacta, Pavlides, Twist, Merenda, Prince Polo / Siesta, Mirabell, Pyros Mogyoros, Alpen Gold, Sport / Smash / Jazz and 3-Bit chocolate confectionery products; and Oreo, Dorada, Digestive, Chiquilin, TUC, Mini-Star, Mikado, Ourson, Petit Déjeuner, Cracotte, Belin, Heudebert, Grany, Petit Écolier, Saiwa, Oro, Fonzies, Start, Prince, Pépito Opavia, Belvita and Gyori biscuits. The beverages brands of the European Union include Jacobs, Gevalia, Carte Noire, Jacques Vabre, Kaffee HAG, Grand’ Mère, Kenco, Saimaza, Meisterroestung, Maxwell House, Onko, Splendid, Starbucks (under license) and Karat coffees; Tassimo hot beverage system; Tang powdered beverages; and Suchard Express, O’Boy and Kaba chocolate drinks.

The cheese brands of the European Union include Kraft, Dairylea, Sottilette, Osella and El Caserío cheeses, and Philadelphia cream cheese. The grocery brands of the European Union include Kraft pourable and spoonable salad dressings; Miracel Whip spoonable dressings, and Mirácoli sauces. The convenient meal brands of the European Union include Lunchables lunch combinations; Kraft and Mirácoli pasta dinners and sauces, and Simmenthal canned meats.

The snacks brands of the developing market include Oreo, Chips Ahoy!, Ritz, Club Social, Express, Kraker / Honey / Aveny Bran, Marbu, Dorada, Variedad, Pacific, Belvita, Cerealitas, Lucky, Trakinas, TUC, Mikado, Ourson, Petit Déjeuner, Cracotte, Bolshevik, Prichuda, Jubilee, Major, Merendina, Jacob’s, Chipsmore, Twisties, Biskuat / Tiger, Milk Biscuit, Hi Calcium Soda and PIM’s biscuits; Milka, Toblerone, Lacta, Côte d’Or, Shot, Terrabusi, Suchard, Alpen

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Gold, Karuna, Korona, Poiana, Svoge, Ukraina, Vozdushny, Chudny Vecher, Terry’s and Gallito chocolate confectionery products, and Estrella, Kar, Lux and Planters nuts and salted snacks. The beverages brands of the developing market include Maxwell House, Maxim, Carte Noire, Nova Brasilia and Jacobs coffee; Tang, Clight, Kool- Aid, Verao, Frisco, Q-Refresh-Ko, Royal and Fresh powdered beverages; and Capri Sun (under license) packaged juice drinks.

The cheese brands of the developing market include Kraft, Velveeta and Eden process cheeses; Kraft and Philadelphia cream cheese; Kraft natural cheese, and Cheez Whiz process cheese spread. The grocery brands of the developing market include Royal dry packaged desserts; Kraft spoonable and pourable salad dressings; Miracle Whip spoonable dressings; Jell-O dessert toppings; Kraft peanut butter, and Vegemite yeast spread. The convenient meals brand of the developing markets includes Kraft macaroni and cheese dinners.

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COMPANY PROFILE

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

L-3 Communications Holdings, Inc. (L-3 Holdings), through its wholly owned subsidiary, L-3 Communications Corporation(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 Specialized Products. On January 30, 2009, the Company completed the acquisition of Chesapeake Sciences Corporation.

Command, Control, Communications, Intelligence, Surveillance and Reconnaissance Systems During the year ended December 31, 2008, 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 2008, Government Services represented 29% of the Company’s total net sales. The businesses in this segment provide a range of engineering, technical, information technology (IT), 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, command and control systems and software 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 During 2008, 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.

Specialized Products During 2008, Specialized Products represented 36 % of the Company’s total net sales. The businesses in this segment provide a range of products, including components, products, subsystems, systems and related services to military and commercial customers in several niche markets.

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McDonald’s Corp. (MCD) Web Site: http://www.mcdonalds.com

McDonald’s Corporation franchises and operates McDonald’s restaurants in the food service industry. These restaurants serve a varied, limited, value-priced menu in more than 100 countries globally. The restaurants are operated either by the Company or by franchisees, including franchisees under franchise arrangements, and foreign- affiliated markets and developmental licensees under license agreements. During the year ended December 31, 2007, the Company sold its businesses in Brazil, Argentina, Mexico, Puerto Rico, Venezuela and 13 other countries in Latin America and the Caribbean, which totaled 1,571 restaurants, to a developmental licensee organization. The Company and its franchisees purchase food, packaging, equipment and other goods from numerous independent suppliers.

The Company’s menu includes hamburgers and cheeseburgers, Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, several chicken sandwiches, Chicken McNuggets, Chicken Selects, french fries, premium salads, shakes, McFlurry desserts, sundaes, soft serve cones, pies, cookies, soft drinks, coffee and other beverages. In addition, the restaurants sell a range of other products during promotions. The Company’s restaurants in the United States and many international markets offer a full or limited breakfast menu. Breakfast offerings may include Egg McMuffin, Sausage McMuffin with Egg, McGriddles, biscuit and bagel sandwiches, hotcakes and muffins.

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COMPANY PROFILE

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

Medtronic, Inc. (Medtronic), incorporated in 1957, is a global player in medical technology. The Company operates in seven segments that manufacture and sell device-based medical therapies: Cardiac Rhythm Disease Management (CRDM), Spinal, CardioVascular, Neuromodulation, Diabetes, Surgical Technologies and Physio-Control. Through these seven operating segments, the Company develops, manufactures and markets its medical devices in more than 120 countries. Its primary products include those for cardiac rhythm disorders, cardiovascular disease, neurological disorders, spinal conditions and musculoskeletal trauma, urological and digestive disorders, diabetes, and ear, nose and throat conditions. The primary markets for products are the United States, Western Europe and Japan. In July 2008, Medtronic acquired Restore Medical, Inc. In November 2008, Medtronic acquired CryoCath Technologies Inc. In February 2009, the Company acquired Ablation Frontiers, Inc. and Ventor Technologies Ltd. In April 2009, Medtronic acquired CoreValve, Inc.

Cardiac Rhythm Disease Management CRDM is a supplier of medical devices for cardiac rhythm disease management. Medtronic’s CRDM products are designed to treat and monitor a range of heart conditions, including bradycardia, tachyarrhythmia, heart failure, sudden cardiac arrest, atrial fibrillation and syncope. It offers an array of products in the industry for the diagnosis and treatment of heart rhythm disorders and heart failure. The Company has developed implantable devices that address combinations of arrhythmias. In addition to implantable devices, it also provides leads, ablation products, electrophysiology catheters and information systems for the management of patients with its devices. The Company’s CRDM devices are implanted in approximately 2.5 million patients worldwide.

Medtronic’s Adapta family of automatic pacemakers, which includes the Adapta, Versa and Sensia models, incorporates an array of automatic features to help physicians. The Adapta family is the Company’s portfolio of pacemakers, which also includes the EnRhythm and EnPulse families. Medtronic’s family of dual and single chamber implantable cardioverter-defibrillators (ICDs) offer features, including anti-tachyarrhythmia pacing (ATP) during charging, optivol fluid status monitoring (OptiVol), its pacing mode managed ventricular pacing (MVP) and Conexus Wireless Telemetry with SmartRadio. ATP during charging is a feature that uses pacing pulses to stop fast, dangerous heartbeats, while concurrently preparing to deliver a shock, if needed.

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 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 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. The Company’s CardioVascular products include coronary and peripheral stents and related delivery systems, endovascular stent graft systems, distal embolic protection systems, perfusion systems, which oxygenate and circulate a patient’s blood during arrested heart revascularization surgery, positioning and stabilization systems for beating heart revascularization surgery, products for the repair and replacement of heart valves, surgical ablation products, and a line of balloon angioplasty catheters, guide catheters, guidewires, diagnostic catheters and accessories.

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, urological and gastroenterological disorders, and psychological disorders. Neuromodulation products consist of therapeutic devices,

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COMPANY PROFILE

including implantable spinal cord stimulation systems used to treat intractable chronic pain; deep brain stimulation systems to treat movement disorders like Parkinson’s disease, as well as obsessive compulsive disorder (OCD); implantable intrathecal drug delivery systems for intractable spasticity and intractable chronic pain; sacral nerve stimulation systems to treat overactive bladder and urinary incontinence; a product for the treatment of BPH, or enlarged prostate, and a gastric stimulator for gastroparesis.

Diabetes Medtronic’s Diabetes business develops diabetes management solutions. 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. The Company’s products include integrated diabetes management systems, external insulin pumps, continuous glucose monitors (CGM), carelink therapy management software and blood glucose meters. The Company’s insulin pumps are primarily used by patients with type 1 diabetes, which occurs when the pancreas stops producing insulin. In order to survive, people with type 1 diabetes must administer insulin on a daily basis. Its therapies are also helpful in managing insulin-dependent type 2 diabetes, which results from the body’s inability to produce enough insulin or properly use the insulin.

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.

Physio-Control The Company develops manufactures markets and services 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.

The Company competes with Boston Scientific Corporation, St. Jude Medical, Inc., Biotronik, Inc., Sorin Group, Johnson & Johnson, Synthes-Stratec, Inc., Stryker Corporation, Zimmer, Inc., NuVasive Inc., Abbott Laboratories, Cook, Inc., W. L. Gore & Associates, Inc., Edwards LifeSciences Corporation, Terumo Medical Corporation, Urologix, Inc., American Medical Systems, Inc. DexCom, Inc., Insulet Corporation, Roche Ltd., Olympus Corporation, Integra LifeSciences Holdings Corporation, BrainLAB, Inc., Zoll Medical Corporation, Philips Medical Systems, Cardiac Science, Inc., Defibtech, LLC and Welch Allyn Inc.

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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 range 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. During the fiscal year ended March 31, 2009, the Company acquired Hampshire Company, which is engaged in the large format touch screen controller market; HI-TECH Software, which is a provider of software development tools and compilers, and R&E International, which is engaged in developing integrated circuits for smoke and carbon monoxide detectors and other life-safety systems.

Microcontrollers The Company offers a family of microcontroller products featuring an architecture marketed under the PIC brand name. It has shipped over seven 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 600 microcontrollers in its product portfolio, Microchip targets the eight-bit, 16-bit and 32-bit microcontroller markets. DSCs are a sub-set of Microchip's 16-bit microcontroller offering. Its dsPIC DSC families integrate the control features of high-performance, 16-bit microcontrollers with the computation capabilities of digital signal processors (DSPs), along with a variety of peripheral functions making them suitable for a number of embedded control applications. The Company's dsPIC product family offers a suite of hardware and software development tools, software application libraries, development boards and reference designs that help in customer application development cycle. The Company has developed advanced user programmability feature by incorporating non- volatile memory, such as Flash, EEPROM and erasable programmable read only memory (EPROM) into the microcontroller product offerings.

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, 2009, there were approximately 200 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, 2009, the Company shipped more than 750,000 development tools.

Analog and Interface Products The Company's analog and interface products consist of several families with over 550 power management, linear, mixed-signal, thermal management and interface products. During the fiscal year ended March 31, 2009 (fiscal 2009), Microchip had shipped its mixed-signal analog and interface products to over 13,100 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 54

COMPANY PROFILE

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

Microsoft Corporation, incorporated in 1981, is engaged in developing, manufacturing, licensing, and supporting a range of software products and services for different types of computing devices. The Company operates in five business segments: Client, Server and Tools, Online Services Business, Microsoft Business Division, and Entertainment and Devices Division. The software products and services include operating systems for servers, personal computers, and intelligent devices; server applications for distributed computing environments; information worker productivity applications; business solutions applications; computing applications; software development tools, and video games. The Company provide consulting and product and solution support services, and trains and certifies computer system integrators and developers. It also designs and sells hardware, including Xbox 360 video game console, the Zune digital music and entertainment device, and peripherals. Online offerings and information are delivered through Bing, Windows Live, Office Live, the MSN portals and channels, and the Microsoft Online Services platform, which includes offerings for businesses, such as Microsoft Dynamics CRM Online, Exchange Hosted Services, Exchange Online, and SharePoint Online.

On April 24, 2008, the Company completed the acquisition of Fast Search & Transfer ASA (FAST). In April 2008, the Company completed the acquisition of 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. In October 2009, Publicis Groupe S.A. acquired Razorfish from Microsoft. Pursuant to the acquisition, Razorfish will be a wholly owned subsidiary of Publicis Groupe and will be a part of VivaKi, the Publicis Groupe media and digital umbrella encompassing Starcom MediaVest Group, ZenithOptimedia, Denuo, Digitas and VivaKi Nerve Center. In December 2009, the Company acquired Opalis Software Inc.

Client The Client segment has the overall responsibility for technical architecture, engineering and delivery of the Windows product family and is responsible for the relationships with personal computer manufacturers, including multinational and regional original equipment manufacturers (OEMs). The Client offerings consist of premium and standard edition Windows operating systems. The Company’s products in the Client segment includes Windows Vista, including Home Basic, Home Premium, Ultimate, Business, Enterprise, and Starter Edition; Windows XP, including Professional, Home, Media Center, and Tablet PC Edition, and other Windows operating systems. The Company competes with Apple, Canonical, Red Hat, Google, Mozilla, Opera Software Company, Hewlett-Packard and Intel in this segment.

Server and Tools The Server and Tools segment is engaged in developing and marketing software server products, software developer tools, services, and solutions. Windows Server-based products are integrated server infrastructure and middleware software designed to support software applications built on the Windows Server operating system. Windows Server- based products include the server platform, including targeted segment solutions, database, storage, management and operations, service-oriented architecture platform, and security and identity 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-site, in a partner-hosted environment, or in a Microsoft-hosted environment. The Company offers a range of consulting services and provide product support services that assist customers in developing, deploying, and managing Microsoft server and desktop solutions. It also provides training and certification to developers and information technology professionals about the Server and Tools, Microsoft Business Division, and Client platform products. The products of the Company in this segment includes Windows Server operating system; Microsoft SQL Server; Visual Studio; Silverlight; System Center products; Forefront security products; Biz Talk Server; Microsoft Consulting Services; Premier product support services, and other products and services. The Company competes with Hewlett-Packard; IBM; Sun Microsystems; Novell; Red Hat; Oracle; CA, Inc.; Apache; Linux; MySQL; PHP; Geronimo; JBoss; Spring Framework; VMWare; McAfee; Symantec; Trend Micro; Adobe and Borland.

Online Services Business The Online Services Business (OSB) consists of an online advertising platform with offerings for both publishers and advertisers, online information offerings, such as Bing, MSN Portals and channels, and personal communications services, such as e-mail and instant messaging. During the fiscal year ended June 30, 2009 (fiscal 2009), the Company launched new releases of its advertising platforms, including adCenter and adExpert, and launched a new release of its search engine named Bing. The Company have also updated behavioral targeting tools, launched new

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COMPANY PROFILE releases of MSN properties globally, and added applications and services to the existing Windows Live suite. The products offered by the Company in this segment includes Bing; Microsoft adCenter/adExpert; Microsoft Media Network (MMN); MSN portals, channels, and mobile services; Windows Live suite of applications and mobile services; Atlas online tools for advertisers and publishers; MSN Premium Web Services (consisting of MSN Internet Software Subscription, MSN Hotmail Plus, and MSN Software Services), and Razorfish media agency services. The Company competes with AOL, Google and Yahoo! in this segment.

Microsoft Business Division Microsoft Business Division (MBD) consists of the Microsoft Office system and Microsoft Dynamics business solutions. Microsoft Office system products are designed to improve personal, team, and organization productivity through a range of programs, services and software 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. The products of the Company in this segment include Microsoft Office; Microsoft Office Project; Microsoft Office Visio; Microsoft Office SharePoint Server; FAST ESP; Microsoft Exchange Server; Microsoft Exchange Hosted Services; Microsoft Office Live Meeting; Microsoft Office Communications Server; Microsoft Office Communicator; Microsoft Tellme Service; Microsoft Dynamics ERP products, including AX, NAV, GP, SL, Retail Management System, and Point of Sale; Microsoft Dynamics CRM, and Microsoft Dynamics CRM Online. The Company competes with Adobe, Apple, Corel, Google, IBM, Novell, Oracle, Red Hat, Zoho, IBM, Sun Microsystems, 37Signals, Adobe, AjaxWrite, gOffice, ShareOffice, SocialText, ThinkFree, Zoho, Intuit, Sage, SAP, Salesforce.com, Autonomy, Cisco and Endeca in this segment.

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, EDD offers the Zune digital music and entertainment device and accessories; personal computer (PC) software games; online games; Mediaroom, the Internet protocol television software; the Microsoft Surface computing platform and mobile and embedded device platforms.

EDD is also engaged in the development 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 products of the Company in this segment includes Xbox 360 console and games; Xbox Live; Zune; Mediaroom; numerous consumer software and hardware products (such as mice and keyboards); Windows Mobile software and services platform; Windows Embedded device operating system; Windows Automotive, and the Microsoft Surface computing platform. The Company competes with Nintendo, Sony, Apple, Google, Nokia, Openwave Systems, Pal, QUALCOMM, Research In Motion, Symbian, IBM, Intel, Metrowerks and MontaVista Software.

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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; brokerage services, 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 Operations and Technology (O&T), 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 through the Bank, and the Bank’s and the Corporation’s subsidiaries, including support from international locations in North America, Europe, the Asia-Pacific region and the Middle East.

An asset servicing relationship managed by C&IS often includes 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, 2008, total C&IS assets under custody were $2.7 trillion and assets under management were $426.4 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 $200 million.

PFS is a provider of personal trust services in the United States, with $288.3 billion in assets under custody and $132.4 billion in assets under management at December 31, 2008. 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, including 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. NTGI’s business operates internationally through subsidiaries, joint ventures, alliances and distribution arrangements.

Operations and Technology O&T supports all of Northern Trust's business activities, including the processing and product management activities of C&IS, PFS and NTGI. These activities are conducted principally in the operations and technology centers in Chicago, London, and Bangalore and fund administration centers in Ireland.

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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.

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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.

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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.

NSTAR’s retail electric transmission and distribution utility subsidiaries are NSTAR Electric Company (NSTAR Electric) and NSTAR Gas Company (NSTAR Gas), respectively. Its nonutility, unregulated operations include district energy operations primarily through its Advanced Energy Systems, Inc. (AES) subsidiary, telecommunications operations (NSTAR Communications, Inc.) and a liquefied natural gas service company (Hopkinton LNG Corp). Harbor Electric Energy Company (HEEC), a wholly owned subsidiary of NSTAR Electric, provides distribution service and ongoing support to its only customer, the Massachusetts Water Resources Authority.

NSTAR Electric Company 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. Retail electric delivery rates are established by the Department of Public Utilities (DPU) and comprises distribution charges, basic service charge, transition charges, transmission charges, energy conservation charges and renewable energy charges. NSTAR Electric fully recovers its energy costs, through DPU approved rate mechanisms. As of December 31, 2008, NSTAR Electric’s primary and secondary transmission and distribution system consisted of approximately 21,950 circuit miles of overhead lines, 12,980 circuit miles of underground lines, 255 substation facilities and 1,169,300 active customer meters.

NSTAR Gas Company 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 the Hyde Park area of Boston, Cambridge, Dedham, Framingham, New Bedford, Plymouth, Somerville and Worcester. 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 maintains a resource portfolio consisting of gas supply contracts, transportation contracts on interstate pipelines, market area storage and peaking services. It purchases transportation, storage and balancing services from Tennessee Gas Pipeline Company and Algonquin Gas Transmission Company, as well as other upstream pipelines that bring gas from major producing regions in the United States, Gulf of Mexico and Canada to the final delivery points in the NSTAR Gas service area. NSTAR Gas purchases its gas supply from third-party vendors. The supplies are purchased under a firm portfolio management contract with a term of one year. The Company has one multiple year contract, which is used for the purchase of its Canadian supplies. As of December 31, 2008, the gas system included approximately 3,086 miles of gas distribution lines, approximately 188,000 services and approximately 299,500 customer meters.

Unregulated Operations NSTAR’s unregulated operations 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.

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COMPANY PROFILE

Oracle Corp. (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 its customers 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 and services businesses represented 81% and 19% of its total revenues, during the fiscal year ended May 31, 2009 (fiscal 2009). In July 2009, the Company completed the acquisition of Relsys International, Inc.

Software Business The Company's new software licenses segment includes 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 interconnected database servers, application servers, as well as mobile devices. This architecture enables users to access business data and applications through a Web browser interface. 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 31% of the Company's total revenues during fiscal 2009.

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.

Oracle Database enables the storage, retrieval and manipulation of all forms of data, including business application and analytics data, and unstructured data in the form of eXtensible Markup Language (XML) files, office documents, images, video and spatial data. Designed for enterprise grid computing, the Oracle Database is available in four editions: Express Edition, Standard Edition One, Standard Edition and Enterprise Edition. Oracle Exadata is a family of storage software and hardware products that is designed to improve data warehouse query performance.

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. In addition, IT administrators can manage systems from anywhere through a hypertext markup language (HTML) browser or through wireless personal digital assistants (PDAs). With Oracle Audit Vault, security and database administrators can manage audit policies across their enterprise and collect audit data from Oracle and non-Oracle databases into a centralized repository.

Oracle Fusion Middleware is a family of application infrastructure products that forms a foundation, on which customers can build, deploy, secure, access and integrate business applications and automate their business processes. Oracle Fusion Middleware suites and products can be used in conjunction with custom, packaged and composite applications. 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 and Oracle BI Publisher. Its BI foundation products deliver customers a set of business intelligence tools, including dashboards, ad hoc query and analysis, detection and alerts, reporting and publishing, real-time predictive intelligence, mobile analytics and desktop gadgets.

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COMPANY PROFILE

Oracle Identity and Access Management products and suites enable its customers to manage multiple user identities, provision users in multiple enterprise applications and systems and manage access privileges for customers, employees and partners. Oracle WebCenter Suite enables personalized Web portals and task-oriented Web applications to be developed and deployed, all with single sign-on access and security. Through Oracle Data Integration Suite, the Company offers unified data integration technologies that enable customers to build, deploy and manage enterprise business data. Oracle JDeveloper is an integrated software environment designed to facilitate development of Java applications, portlets, Web services, process models and rich Internet applications (RIA), such as Flash and AJAX.

The Company’s applications software products combine business functionality with technologies, such as role-based analytics, search, identity management, self-service and workflow to deliver industry processes, business intelligence and insights, and end-user productivity. Oracle offers a spectrum of enterprise resource planning (EPM) applications that are open, industry-specific analytic applications with capabilities, such as dashboarding and embedded analytic functionality for delivering insight across the enterprise.

Oracle offers its customers with support services, including its Lifetime Support policy, product enhancements and upgrades. 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 through My Oracle Support. The Company offers Oracle Unbreakable Linux Support, which provides enterprise level support for the Linux operating system and Oracle VM server virtualization software support.

Services Business Oracle Consulting assists customers in deploying its applications and technology products. The Company’s consulting services include business/IT strategy alignment, business process simplification, solution integration, and product implementation, enhancements and upgrades.

On Demand includes Oracle On Demand and Advanced Customer Services offerings. Oracle On Demand provides multi-featured software and hardware management and maintenance services for customers that deploy over the Internet its database, middleware and applications software delivered at the Company’s data center facilities, select partner data centers or physically onsite at customer facilities.

The Company provides training to customers, partners and employees. Oracle offers thousands of courses covering all of its product offerings. 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 memory (CD-ROMs). In addition, the Company also offers a certification program certifying database administrators, developers and implementers. Oracle University also offers user adoption services designed to provide training services to help customers.

The Company competes with Sun Microsystems, Inc., Microsoft Corporation, Hewlett Packard Company, International Business Machines Corporation, Sybase, Inc., NCR Corporation, SAS Institute, Inc., Netezza Corporation, Progress Software Corporation, SAP AG, Fujitsu Software Corporation, Hitachi Software Engineering Co., Ltd., Red Hat, Inc., Apache Geronimo, Liferay, Inc., SpringSource, Inc., MuleSource, Inc., JasperSoft Corporation, TIBCO Software, Inc., Software AG, SOA Software, Inc., Savvion, Inc., MicroStrategy, Inc., CA, Inc., Siemens AG, Courion Corporation, EMC Corporation, Informatica Corporation, Novell, Inc., Lombardi Software, Inc., Pegasystems, Inc., Accenture Ltd., Automatic Data Processing, Inc., Fidelity Investments, Ceridian Corporation, Hewitt Associates, Inc., Accero Software, Software, Inc., Infor Global Solutions, Ariba, Inc., IFS AB, JDA Software Group, Inc., I2 Technologies, Inc., Manhattan Associates, Inc., The Sage Group plc, salesforce.com, Inc., Taleo Corporation, SuccessFactors, Inc., Open Text Corporation, Autonomy Corporation plc, Vignette Corporation, Alfresco Software, Inc., Eclipse Foundation, Inc., BMC Software, Inc., Quest Software, Inc., Compuware Corporation, Embarcadero Technologies, Inc., Hyperic, Inc., Canonical Ltd., VMware, Inc., Citrix Systems, Inc., Bearing Point, Inc. and Capgemini Group.

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COMPANY PROFILE

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

Pepco Holdings, Inc. (Pepco Holdings), incorporated in 2001, is a diversified energy company that, through its operating subsidiaries, is engaged in two businesses: distribution, transmission and default supply of electricity and the delivery and supply of natural gas (Power Delivery), and competitive energy generation, marketing and supply (Competitive Energy). The distribution, transmission and default supply of electricity and the delivery and supply of natural gas is conducted through Potomac Electric Power Company (Pepco), Delmarva Power and Light Company (DPL) and Atlantic City Electric Company (ACE). The competitive energy generation, marketing and supply is conducted through subsidiaries of Conectiv Energy Holding Company (Conectiv Energy) and Pepco Energy Services, Inc. and its subsidiaries (Pepco Energy Services). PHI Service Company provides legal, accounting, treasury, tax, purchasing and information technology services to Pepco Holdings and its operating subsidiaries.

Power Delivery The power delivery business operations consist of the transmission, distribution and default supply of electricity and the delivery and supply of natural gas. During the year ended December 31, 2008, the Company’s power delivery operations produced 51% of the Company’s operating revenues. The power delivery business is conducted by Pepco Holdings three utility subsidiaries: Pepco, DPL and ACE. On January 2, 2008, DPL sold its retail electric distribution assets and its wholesale electric transmission assets in Virginia. The transmission facilities owned by Pepco, DPL and ACE are interconnected with the transmission facilities of contiguous utilities and are part of an interstate power transmission grid over which electricity is transmitted throughout the mid-Atlantic portion of the United States and parts of the Midwest.

Pepco is engaged in the transmission, distribution and default supply of electricity in Washington, D.C. and portions of Prince George’s County and Montgomery County in suburban Maryland. Pepco’s service territory covers approximately 640 square miles and has a population of approximately 2.1 million. In 2008, Pepco delivered electricity to 767,000 customers (of which 247,000 were located in the District of Columbia and 520,000 were located in Maryland). In 2008, Pepco delivered a total of 26,863,000 megawatt hours of electricity, of which 29% was delivered to residential customers, 51% to commercial customers, and 20% to United States and District of Columbia government customers. In 2007, Pepco delivered a total of 27,451,000 megawatt hours of electricity, of which 30% was delivered to residential customers, 50% to commercial customers, and 20% to United States and District of Columbia government customers.

DPL is engaged in the transmission, distribution and default supply of electricity in Delaware and portions of Maryland. 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. In Delaware, electricity service is provided in the counties of Kent, New Castle, and Sussex and in Maryland in the counties of Caroline, Cecil, Dorchester, Harford, Kent, Queen Anne’s, Somerset, Talbot, Wicomico and Worchester.

DPL’s electricity distribution service territory covers approximately 5,000 square miles and has a population of approximately 1.3 million. In 2008, DPL delivered electricity to 498,000 customers (of which 299,000 were located in Delaware and 199,000 were located in Maryland). In 2008, DPL delivered a total of 13,015,000 megawatt hours of electricity to its customers, of which 39% was delivered to residential customers, 41% to commercial customers and 20% to industrial customers.

DPL provides regulated natural gas supply and distribution service to customers in a service territory consisting of a major portion of New Castle County in Delaware. This service territory covers approximately 275 square miles and has a population of approximately 500,000. In 2008, DPL distributed natural gas to 122,000 customers. In 2008, DPL distributed 20,300,000 thousand cubic feet (Mcf) of natural gas to customers in its Delaware service territory, of which 38% were sales to residential customers, 24% to commercial customers, 3% to industrial customers, and 35% to customers receiving a transportation-only service.

ACE is engaged in the transmission, distribution and default supply of electricity in a service territory consisting of Gloucester, Camden, Burlington, Ocean, Atlantic, Cape May, Cumberland and Salem counties in southern New Jersey. ACE’s service territory covers approximately 2,700 square miles and has a population of approximately 1.1 million. In 2008, ACE delivered electricity to 547,000 customers in its service territory. In 2008, ACE delivered a total

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COMPANY PROFILE of 10,089,000 megawatt hours of electricity to its customers, of which 44% was delivered to residential customers, 44% to commercial customers and 12% to industrial customers.

Competitive Energy The Competitive Energy businesses provide competitive generation, marketing and supply of electricity and natural gas, and related energy management services primarily in the mid-Atlantic region. These operations are conducted through subsidiaries of Conectiv Energy and Pepco Energy Services. In 2008, the Company’s Competitive Energy operations produced 53% of the Company’s operating revenues.

Conectiv Energy divides its activities into two operational categories: merchant generation and load service, and energy marketing.

Conectiv Energy provides wholesale electric power, capacity and ancillary services in the wholesale markets and also supplies electricity to other wholesale market participants under long- and short-term bilateral contracts. Conectiv Energy obtains the electricity required to meet its merchant generation and load service power supply obligations from its own generation plants, tolling agreements, bilateral contract purchases from other wholesale market participants and purchases in the wholesale market. Conectiv Energy’s primary fuel source for its generation plants is natural gas. Conectiv Energy manages its natural gas supply using a portfolio of long-term, firm storage and transportation contracts, and a variety of derivative instruments. In 2008, Conectiv Energy owned and operated mid-merit plants with a combined 2,778 megawatts of capacity, peak-load plants with a combined 639 megawatts of capacity and baseload generating plants with a combined 340 megawatts of capacity.

Pepco Energy Services provides retail energy supply and energy services 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 north-eastern regions of the United States, Texas and the Chicago, Illinois areas. Pepco Energy Services also provides energy savings performance contracting services principally to federal, state and local government customers, owns and operates two district energy systems and designs, constructs, and operates combined heat and power and central energy plants.

Pepco Energy Services owns three landfill gas-fired electricity plants that have a total generating capacity rating of 10 megawatts and the output of these plants is sold into the wholesale market administered by PJM and a solar photovoltaic plant that has a generating capacity rating of two megawatts and the output of this plant is sold to its host facility. Pepco Energy Services provides high voltage construction and maintenance services to customers throughout the United States and low voltage electric construction and maintenance services and streetlight construction and asset management services to utilities, municipalities and other customers in the Washington, D.C. area.

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COMPANY PROFILE

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

PepsiCo, Inc. (PepsiCo), incorporated in 1919, is a global beverage, snack and food company. The Company manufactures, markets and sells a range of salty, convenient, sweet and grain-based snacks, carbonated and non- carbonated beverages and foods approximately 200 countries, with its operations in North America (United States and Canada), Mexico and the United Kingdom. The Company is organized into three business units: PepsiCo Americas Foods (PAF), which includes Frito-Lay North America (FLNA), Quaker Foods North America (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 PepsiCo Beverages North America 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. The Company’s three business units were organized in six segments: FLNA, QFNA, LAF, PAB, United Kingdom & Europe (UKEU), and Middle East, Africa & Asia (MEAA).

In June 2009, the Company’s joint venture, International Dairy and Juice Limited (IDJ), acquired 75% of Jordanian dairy producer, Teeba Investment for Developed Food Processing Company (Teeba). The Teeba stake had been owned by Almarai, which acquired it in January 2009, and is transferring it to the joint venture. IDJ is held 52% by PepsiCo and 48% by Almarai. In April 2009, the Company announced that it acquired Peruvian snack business Karinto S.A.C., maker of corn chips, Los Cuates, as well as a line of nuts and seeds. 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.

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, Cheetos cheese flavored snacks, Tostitos tortilla chips, branded dips, Fritos corn chips, Ruffles potato chips, Quaker Chewy granola bars, SunChips multigrain snacks, Rold Gold pretzels, Santitas tortilla chips, Frito-Lay nuts, Grandma’s cookies, Gamesa cookies, Munchies snack mix, Funyuns onion flavored rings, Quaker Quakes corn and rice snacks, Miss Vickie’s potato chips, Stacy’s pita chips, Smartfood popcorn, Chester’s fries and branded crackers. FLNA branded products are sold to independent distributors and retailers. In addition, FLNA’s joint venture with Strauss Group manufactures, markets, sells and distributes Sabra refrigerated dips. FLNA’s net revenue was approximately 29% of the Company’s total net revenue during the fiscal year ended December 27, 2008 (fiscal 2008).

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, Quaker grits, Cap’n Crunch cereal, Life cereal, Rice-A-Roni, Pasta Roni and Near East side dishes. These branded products are sold to independent distributors and retailers. QFNA’s net revenue was approximately 4% of the Company’s total net revenue in fiscal 2008.

Latin America Foods LAF manufactures, markets and sells a number of salty and sweet snack brands, including Gamesa, Doritos, Cheetos, Ruffles, Sabritas and Lay’s. Further, LAF manufactures or uses contract manufacturers, markets and sells many Quaker brand cereals and snacks. These branded products are sold to independent distributors and retailers. LAF’s net revenue was approximately 14% in fiscal 2008.

PepsiCo Americas Beverages PAB manufactures or uses contract manufacturers, markets and sells beverage concentrates, fountain syrups and finished goods, under various beverage brands including Pepsi, Mountain Dew, Gatorade, 7UP (outside the United States), Tropicana Pure Premium, Sierra Mist, Mirinda, Tropicana juice drinks, Propel, Dole, Amp Energy, SoBe Lifewater, Naked juice and Izze. PAB 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, PAB licenses the Aquafina water brand to its bottlers and markets this brand. PAB sells concentrate and finished goods for some of these brands to authorized bottlers, and some of these branded finished

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COMPANY PROFILE

goods are sold directly by the Company to independent distributors and retailers. The bottlers sell its brands as finished goods to independent distributors and retailers. PAB’s net revenue was approximately 25% in fiscal 2008.

United Kingdom & Europe UKEU manufactures, markets and sells through consolidated businesses, as well as through non-controlled affiliates, a number of salty and sweet snack brands, including Lay’s, Walkers, Doritos, Cheetos and Ruffles. Further, UKEU manufactures or uses contract manufacturers, markets and sells many Quaker brand cereals and snacks. UKEU also manufactures, markets and sells beverage concentrates, fountain syrups and finished goods, under various beverage brands, including Pepsi, 7UP and Tropicana. In addition, through the acquisition of JSC Lebedyansky (Lebedyansky), the Company acquired Russia’s juice brands. These brands are sold to authorized bottlers, independent distributors and retailers. However, in certain markets, UKEU operates its own bottling plants and distribution facilities. In addition, UKEU licenses the Aquafina water brand to certain of its authorized bottlers. UKEU also manufactures or uses contract manufacturers, markets and sells ready-to-drink tea products through an international joint venture with Unilever (under the Lipton brand name). UKEU’s net revenue was approximated 15% of the total revenue in fiscal 2008.

Middle East, Africa & Asia MEAA manufactures, markets and sells through consolidated businesses, as well as through non-controlled affiliates, a number of salty and sweet snack brands, including Lay’s, Doritos, Cheetos, Smith’s and Ruffles. Further, MEAA manufactures or uses contract manufacturers, markets and sells many Quaker brand cereals and snacks. MEAA also manufactures, markets and sells beverage concentrates, fountain syrups and finished goods, under various beverage brands including Pepsi, Mirinda, 7UP and Mountain Dew. These brands are sold to authorized bottlers, independent distributors and retailers. However, in certain markets, MEAA operates its own bottling plants and distribution facilities. In addition, MEAA licenses the Aquafina water brand to certain of its authorized bottlers. MEAA also manufactures or uses contract manufacturers, markets and sells ready-to-drink tea products through an international joint venture with Unilever. MEAA’s net revenue was approximately 13% in fiscal 2008. PepsiCo competes with The Coca-Cola Company.

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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. Pfizer also operates several other businesses, including the manufacture of gelatin capsules, contract manufacturing and bulk pharmaceutical chemicals. In July 2009, Pfizer bought back a 29.52% stake in its Indian arm, Pfizer Limited, increasing its stake to 70.75%. In October 2009, Pfizer Inc. acquired Wyeth.

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 June 2008, it also completed the acquisition of Serenex, Inc., a biotechnology company with a Heat Shock Protein 90 development portfolio. 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, a biotherapeutics company focused on preclinical oncology and metabolic research and the 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. 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. Lyrica is marketed for adjunctive therapy for adults with partial onset epileptic seizures as well as for the treatment of two of the most common forms of neuropathic pain: painful diabetic peripheral neuropathy and post-herpetic neuralgia.

Zyvox is for the treatment of hospital-acquired pneumonia and complicated skin. Selzentry/Celsentri is the first in a new class of oral HIV medicines. Viagra is used for the treatment for erectile dysfunction (ED). Detrol is a primary product for the treatment of overactive bladder. Detrol LA is an extended-release formulation of this medicine, taken once a day. Toviaz is Pfizer’s newest offering for the treatment of overactive bladder.

Geodon/Zeldox, a psychotropic agent, is a dopamine and serotonin receptor antagonist indicated for the treatment of schizophrenia and acute mania associated with bipolar disorder. Aricept, discovered and developed by Eisai Co., Ltd., is a medicine to treat symptoms of Alzheimer’s disease. Celebrex is for the treatment of arthritis pain and inflammation and acute pain. Vfend is a treatment that can be administered orally or intravenously for certain serious and potentially fatal fungal infections. Eraxis is an injectable, antifungal antibiotic used to treat serious candida (yeast) infections. Camptosar is indicated as first-line therapy for metastatic colorectal cancer. Sutent is an oral multi-kinase inhibitor that combines anti-angiogenic and anti-tumor activity to inhibit the blood supply to tumors. Xalatan/Xalacom is a agent to reduce elevated eye pressure in patients. Genotropin is a human growth hormone.

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.

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COMPANY PROFILE

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

The Procter & Gamble Company (P&G), incorporated in 1905, is focused on providing branded consumer packaged goods. The Company’s products are sold in over 180 countries worldwide 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, 2009 (fiscal 2009), one product category accounted for 10% or more of consolidated net sales. The laundry category constituted approximately 17% of net sales during fiscal 2009. As of June 30, 2009, 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 and Pet Care; Fabric Care and Home Care, and Baby Care and Family Care. In October 2009, Warner Chilcott Plc completed the acquisition of the Company’s global branded prescription pharmaceutical business.

In August 2009, AnimalScan, LLC announced that it has acquired Iams Pet Imaging (IPI), LLC from The Procter & Gamble Company and ProScan Imaging. In November 2008, the Company completed the divestiture of its Coffee business through the merger of its Folgers coffee subsidiary into The J.M. Smucker Company (Smucker).

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 2009. No other customer represents more than 10% of its net sales. The Procter & Gamble Company’s top 10 customers account for approximately 30% of its total unit volume during fiscal 2009.

Beauty In skin care, the Company’s primary brand is Olay, which is the facial skin care retail brand. It also operates in fragrances market, through its Gucci, Hugo Boss and Dolce & Gabbana fragrance brands. The beauty 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 worldside. Its primary focus in this area is in electric hair removal devices, such as electric razors and epilators.

Health and Well-Being In the healthcar5e market the Company treats osteoporosis under the Actonel pharmaceuticals brand. In personal health, it operates through non-prescription heartburn medications and in respiratory treatments with Prilosec OTC and Vicks, respectively. In snacks and per care, the Company operates through its Pringles, Iams and Eukanuba brands. 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.

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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). In March 2008, the Company sold the remaining operations of Progress Fuels Corporation (Progress Fuels) subsidiaries engaged in the coal mining business.

Electric-PEC PEC is a regulated public utility primarily engaged in the generation, transmission, distribution and sale of electricity in portions of North and South Carolina. At December 31, 2008, PEC had a total summer generating capacity (including jointly owned capacity) of 12,415 megawatts. PEC’s 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, 2008, PEC was providing electric services, retail and wholesale, to approximately 1.5 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. PEC has three hydroelectric generating plants: Walters, Tillery and Blewett. PEC also owns the Marshall Plant. The total summer generating capacity for all four units is 228 megawatts.

Electric-PEF PEF is a regulated public utility engaged in the generation, transmission, distribution and sale of electricity in portions of Florida. At December 31, 2008, PEF had a total summer generating capacity (including jointly owned capacity) of 9,360 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, 2008, 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, Florida Municipal Power Agency and the city of Winter Park.

Corporate and Other The Corporate and Other segment primarily includes the operations of the Company and PESC. PESC provides centralized administrative, management and support services to Progress Energy’s subsidiaries. Essentially all of the segment’s revenues are due to PESC’s services provided to the Company’s subsidiaries.

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COMPANY PROFILE

Qualcomm Inc. (QCOM) Web Site: http://www.qualcomm.com/

Qualcomm Incorporated (Qualcomm), incorporated in 1985, designs, manufactures and markets digital wireless telecommunications products and services based on its code division multiple access (CDMA) technology and other technologies. The Company operates through four segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); Qualcomm Wireless & Internet (QWI), and Qualcomm Strategic Initiatives (QSI). QCT is a developer and supplier of CDMA-based integrated circuits and system software for wireless voice and data communications, multimedia functions and global positioning system products. QTL grants licenses to use portions of its intellectual property portfolio, which includes certain rights essential to and/or useful in the manufacture and sale of certain wireless products. QWI, which includes Qualcomm Enterprise Services (QES), Qualcomm Internet Services (QIS), Qualcomm Government Technologies (QGOV) and Firethorn, generates revenues primarily through mobile information products and services, software and software development aimed at support and delivery of wireless applications. QSI makes investments to promote the worldwide adoption of CDMA products and services. In October 2009, the Company announced that it established a wholly owned subsidiary, Qualcomm Innovation Center, Inc. (QuIC), focused on mobile open source platforms.

Qualcomm CDMA Technologies Segment QCT’s integrated circuit products and system software are used in wireless devices, particularly mobile phones, laptops, data modules, handheld wireless computers, data cards and infrastructure equipment. QCT markets and sells products in the United States and internationally through a sales force based in the United States, China, France, Germany, India, Japan, South Korea, Spain, Taiwan and the United Kingdom. QCT products are sold to many wireless handset, data card, laptop and infrastructure manufacturers. During the fiscal year ended September 27, 2009 (fiscal 2009), QCT shipped approximately 317 million mobile station modem (MSM) integrated circuits for CDMA wireless devices worldwide. QCT revenues comprised 59% of total consolidated revenues in fiscal 2009.

QCT offers a portfolio of products, including both wireless device and infrastructure integrated circuits, in support of CDMA2000 1X and 1xEV-DO, as well as the EV-DO Revision A and EV-DO Revision B evolutions of CDMA 2000 technology. It has also developed integrated circuits for manufacturers and wireless operators deploying the wideband code division multiple access (WCDMA) version of third generation (3G). QCT also offers chipsets for less local area network (WLAN) and Bluetooth, complementary connectivity technologies to its core 3G products. For WLAN, QCT offers both the WCN1320 chip that delivers up to four 802.11n spatial streams for high-speed connectivity in residential settings and the WCN1312 chip for handsets and other mobile devices. QCT’s Bluetooth chips support Bluetooth connectivity for handsets and headsets.

Qualcomm Technology Licensing Segment QTL’s wireless products include property portfolio, which includes cdmaOne, CDMA2000, WCDMA, CDMA time division Duplex (TDD) (including TD-SCDMA), global system for mobile communications/ general packet radio system/ enhanced data rates for global evolution and/or orthogonal frequency division multiplexing access (GSM/GPRS/EDGE and/or OFDMA) standards and their derivatives. QTL receives license fees, as well as ongoing royalties based on worldwide sales by licensees of products incorporating or using its intellectual property. License fees are fixed amounts paid in one or more installments. It has entered into agreements with certain companies, including but not limited to Broadcom, Fujitsu, Infineon, NEC, Philips, Renesas and Texas Instruments. These agreements permit the manufacture of CDMA-based integrated circuits.

Qualcomm Wireless & Internet Segment The QIS division offers a set of software products and content enablement services to support and accelerate the growth of the wireless data market. QIS offers Binary Runtime Environment for Wireless (BREW) services for wireless applications development, device configuration, application distribution and billing and payment. BREW services are offered by more than 60 wireless operators in 27 countries, reaching a base of more than 200 million devices. In addition, QIS announced the Plaza suite of products in fiscal 2009, to enable wireless operators, device manufacturers and publishers to create mobile content across a variety of platforms and devices. Plaza Mobile Internet is an end-to-end widget platform that offers wireless operators and publishers a framework for the development, support and management of Internet-based content on a variety of handsets. In July 2009, QIS announced America Movil as the first customer for Plaza Mobile Internet. It also offers Xiam wireless content discovery and recommendation products to help wireless operators improve usage and adoption of digital content and services by presenting relevant and targeted offers to customers across all digital channels.

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The QES division provides equipment, software and services to enable companies to wirelessly connect with their assets and workforce. QES offers satellite- and terrestrial-based two-way wireless connectivity and position location services to transportation and logistics fleets and other enterprise companies that permit customers to track the location and monitor performance of their assets, communicate with their personnel and collect data. The QES division markets and sells products through a sales force, partnerships and distributors based in the United States, Europe, Latin America, Asia and Canada. The QGOV division provides development, hardware and analytical expertise involving wireless communications technologies to United States government (USG) agencies. QGOV adapts, integrates and ships CDMA2000 1X and EV-DO deployable base stations to the USG. QGOV also ships second generation (2G) CDMA secure wireless terrestrial phones that operate in enhanced security modes and incorporate end-to-end encryption to the USG.

Firethorn provides a single, secure, certified application embedded on select wireless devices, which enables financial institutions and merchants to deliver branded services to consumers though the mobile devices. Its application enables wireless operators to deliver consumer-convenient, mass-market applications to subscribers, and mobile device users to access and add multiple financial relationships with one password. QWI revenues comprised 6% of total consolidated revenues in fiscal 2009.

Qualcomm Strategic Initiatives Segment QSI manages its strategic investment activities, including FLO TV Incorporated, its wholly owned wireless multimedia operator subsidiary. Its FLO TV subsidiary operates a nationwide multicast network in the United States based on its MediaFLO Media Distribution System (MDS) and MediaFLO technology. FLO TV uses 700 megahertz (MHz) spectrum for which it hold licenses nationwide to deliver video and audio programming to wireless subscribers. Additionally, FLO TV procures, aggregates and distributes content in service packages, which it makes available on a wholesale basis to its wireless operator customers in the United States. FLO TV’s Broadcast Operations Center and Network Operations Center are based in San Diego, California.

Other Businesses Qualcomm MEMS Technologies (QMT) is developing display technology for the full range of consumer-targeted mobile products. Qualcomm Flarion Technologies (QFT) is the developer and provider of fast low-latency access with seamless handoff-OFDM (FLASH-OFDM). MediaFLO Technologies (MFT) is developing its MediaFLO technology and marketing it for deployment outside of the United States. In addition, the Company was pursuing numerous other international opportunities to market and deploy MediaFLO technology worldwide.

The Company competes with Freescale, Infineon, Marvell, Mediatek, ST-Ericsson, Texas Instruments, VIA Telecom, Ericsson, Matsushita and Motorola.

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COMPANY PROFILE

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

SAP AG is engaged in selling licenses for software solutions and related support services. In addition, the Company offers consulting, training and other services for its software solutions. As of December 31, 2008, the Company had more than 82,000 customers in over 120 countries and employed more than 51,500 individuals at locations in more than 50 countries. As of December 31, 2008, SAP consisted of SAP AG and its network of 187 subsidiaries. It has three segments: product, consulting and training. It offers a portfolio of business software, technology, and related services and support to meet the long-term requirements and needs of its customers. SAP Business Suite applications provide end-to-end business process support, reporting, and analytics. Its core applications, industry applications and supplementary applications are powered by the SAP NetWeaver technology platform. SAP acquired Business Objects S.A in January 2008. In October 2009, it acquired 70.67 % stake in SAF AG.

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. 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

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COMPANY PROFILE 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.

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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, distribution and sale of electricity in parts of South Carolina and in the purchase, transmission and sale of natural gas in portions of North Carolina and South Carolina. Through a wholly owned nonregulated subsidiary, SCANA markets natural gas to retail customers in Georgia and to wholesale customers primarily in the southeast. Other wholly owned nonregulated subsidiaries provide fiber optic and other telecommunications services and provide service contracts to homeowners on certain home appliances and heating and air conditioning units. Additionally, a service company subsidiary of SCANA provides administrative, management and other services to the other subsidiaries.

The Company operates through its wholly owned subsidiaries, which include South Carolina Electric & Gas Company (SCE&G); South Carolina Generating Company, Inc. (GENCO); South Carolina Fuel Company, Inc. (Fuel Company); Public Service Company of North Carolina, Incorporated (PSNC Energy); Carolina Gas Transmission Corporation (CGTC); SCANA Communications, Inc. (SCI); SCANA Energy Marketing, Inc. (SEMI); ServiceCare, Inc., and SCANA Services, Inc. SCE&G is engaged in the generation, transmission, distribution and sale of electricity to retail and wholesale customers and the purchase, sale and transportation of natural gas to retail customers. GENCO owns Williams Station and sells electricity solely to SCE&G. Fuel Company acquires, owns and provides financing for SCE&G's nuclear fuel, fossil fuel and emission allowances.

PSNC Energy purchases, sells and transports natural gas to retail customers. CGTC transports natural gas in South Carolina and southeastern Georgia. SCI provides fiber optic communications, ethernet services and data center facilities and builds, manages and leases communications towers in South Carolina, North Carolina and Georgia. SEMI markets natural gas, primarily in the Southeast, and provides energy-related risk management services. SCANA Energy, a division of SEMI, markets natural gas in Georgia's retail market. ServiceCare, Inc. provides service contracts on home appliances and heating and air conditioning units. SCANA Services, Inc. provides administrative, management and other services to SCANA’s subsidiaries and business units.

Electric Operations The electric operations segment is comprised of the electric operations of 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. At December 31, 2008, SCE&G provided electricity to 649,600 customers in an area covering nearly 16,000 square miles. GENCO owns 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 emission allowance requirements.

Gas Distribution The gas distribution segment is comprised of the local distribution operations of SCE&G and PSNC Energy and is primarily engaged in the purchase, transmission and sale of natural gas to retail customers in portions of North Carolina and South Carolina. At December 31, 2008 this segment provided natural gas to 775,000 customers in areas covering 35,000 square miles.

Gas Transmission CGTC operates an open access, transportation-only interstate pipeline company regulated by the United States Federal Energy Regulatory Commission (FERC). CGTC’s operating results are primarily influenced by customer demand for natural gas, the ability to control costs and allowed rates to be charged to customers.

Retail Gas Marketing SCANA Energy, a division of SEMI, comprises the retail gas marketing segment. This segment markets natural gas to approximately 460,000 customers (as of December 31, 2008, and including regulated division customers described below) throughout Georgia. SCANA Energy’s total customer base represents approximately a 30% share of the approximately 1.5 million customers in Georgia’s deregulated natural gas market.

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COMPANY PROFILE

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

Schlumberger Limited (Schlumberger) is a supplier of technology, integrated project management and information solutions to customers working in the oil and gas industry. The Company consists of two business segments: Schlumberger Oilfield Services and WesternGeco. The Schlumberger Oilfield Services provides range of products and services from exploration to production. WesternGeco is an advanced surface seismic company. During the year ended December 31, 2008, the Company and First Reserve Corporation acquired Saxon Energy Services Inc., a land drilling contractor with activity in North and South America.

Schlumberger Oilfield Services Schlumberger Oilfield Services is a provider of technology, project management and information solutions to the international oil and gas exploration and production industry. Schlumberger Oilfield Services manages its business through GeoMarket 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 products and services that support oil and gas industry core operational processes.

WesternGeco WesternGeco provides 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 four dimensional (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. Data Processing offers seismic data processing centers for complex data processing projects. Electromagnetics provides controlled- source electromagnetic and magneto-telluric data acquisition and processing.

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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, Southern Company Services, Inc. (SCS), Southern Holdings and other direct and indirect subsidiaries. In June 2008, Southern Power completed construction on Plant Franklin Unit 3, which added 659 megawatts to the Southern Company system generating capacity. As of December 31, 2008, Southern Power had 7,555 megawatts of nameplate capacity in commercial operation.

SouthernLINC Wireless provides digital wireless communications for use by Southern Company and its subsidiary 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 under the name Southern Telecom.

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 Alabama Municipal Electric Authority (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 Oglethorpe Power Corporation (OPC), Municipal Electric Authority of Georgia (MEAG), Dalton Utilities (Dalton), City of Hampton, Georgia (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.

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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, craniomaxillofacial and spinal surgeries; biologics; surgical, neurologic, ear, nose and throat and interventional pain equipment; endoscopic, surgical navigation, communications and digital imaging systems; as well as patient handling and emergency medical equipment. The Company operates in two business segments: Orthopaedic Implants and MedSurg Equipment. The Orthopaedic Implants segment sells orthopaedic reconstructive (hip, knee and shoulder), trauma, craniomaxillofacial and spinal implant systems; bone cement; and the bone growth factor OP-1. The MedSurg Equipment segment sells surgical equipment; surgical navigation systems; endoscopic, communications and digital imaging systems; as well as patient handling and emergency medical equipment. In November 2009, the Company acquired OtisMed Corporation, a software technology firm.

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 induces the formation of new bone when implanted into bone, is composed of recombinant human OP-1 and a bioresorbable collagen matrix.

The Company’s reconstructive implants are suited to minimally invasive surgery (MIS) procedures that are intended to reduce soft-tissue damage and pain while hastening return to function. The Company supports surgeons with technology, procedural development and specialized instrumentation as they develop MIS techniques. The Company's surgical navigation systems are used in MIS procedures to improve the accuracy of measurements and to position the implant. The Company's Triathlon Total Knee Minimally Invasive Instrumentation is designed to complement the invasive total knee procedure pioneered by an orthopaedic surgeon. The Triathlon Partial Knee Resurfacing (PKR) unicompartmental knee system and the Avon Patellofemoral Joint are resurfacing, bone- conserving designs that are used to treat disease isolated to one compartment of the knee.

Through Stryker Orthopaedics, the Company offers a range of hip implant systems for the global reconstructive market including primary (or first-time) and revision (to repair or improve a previous replacement) hip systems, as well as hip systems. The Company offers a number of products designed to meet the needs of revision hip procedures, including Restoration, Restoration Modular, Trident Tritanium Revision, and Dall-Miles each of which provides surgeons with the options necessary to address revision surgery challenges. The Restoration Modular Revision Hip System offers surgeons performing revision surgeries flexibility in treating complex hip stem revisions and restoring patient biomechanics. The Restoration Modular Revision Hip System also takes advantage of Stryker's clinical history with hydroxylapatite (HA), a naturally occurring calcium phosphate material that demonstrates a high level of biocompatibility due to its resemblance to bone, by incorporating PureFix HA coating on many components. The Restoration Modular Revision Hip System improves the Company's existing Restoration HA and Restoration plasma spray (PS) monolithic revision systems. The Restoration System is complemented by the Trident Tritanium Acetabular Cup, a biologically inspired, commercially pure titanium ingrowth surface designed to provide solid initial fixation and promote bone ingrowth. Coupled with the availability of the Dall-Miles System for trochanteric reattachment and cerclage fixation, Stryker's revision portfolio offers solutions to address challenges encountered in revision surgery. The Company's CentPillar Hip System offers a range of motion and an invasive technique preferred by Japanese surgeons for their patients. In 2007 the Company introduced CentPillar TMZF to the Japanese market.

Knee replacement surgery is a procedure intended to replace damaged articular bone surfaces in the knee joint often due to arthritis. The components used frequently are a femoral component, a tibial tray, a tibial bearing insert, and a patella bearing. Knee replacement surgeries also include primary procedures and revision procedures. Primary procedures tend to focus on the knee's articular surfaces, whereas revision procedures can include simple replacement of one or more previously implanted devices, implantation of different devices to accommodate certain instabilities in the joint or larger reconstruction of the joint in severe cases.

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COMPANY PROFILE

The Company offers three knee implant systems: Triathlon, Scorpio, and Global Modular Replacement System (GMRS) systems. These implant systems were complemented in 2008 with the introduction of the Triathlon PKR unicompartmental knee system and the continued rollout of the Triathlon Total Stabilizer (TS) revision knee system and the Company's X3 bearing technology for both Triathlon and Scorpio. The Triathlon PKR unicompartmental knee system was designed to resurface specific areas of the knee while leaving other healthy areas intact. It combines surgical instrumentation specifically designed for minimally invasive surgery with the single radius articular design and X3 advanced bearing material.

The Triathlon Knee System represents the Company's evolutionary design that has been developed to more closely reproduce natural knee motion and is designed to provide mobility with stability through more than 150 degrees of flexion. The Triathlon Primary Knee system gives surgeons versatile instrumentation options that provide both accuracy and efficiency in a minimally-invasive approach, as well as options for treating varying degrees of instability in the knee. The instrumentation for Triathlon is designed to improve operating room efficiency through a streamlined, integrated system providing options and flexibility to meet surgeons' different preferences and multiple surgical techniques.

The Scorpio knee implant system is based on the Company's design of a single articular radius based on the epicondylar axis of the knee. This approach addresses clinical issues, such as improved patient rehabilitation and mid-flexion stability, through the patella-femoral moment arm and a single anterior-posterior radius. The Scorpio system provides a range of options for the surgeon and patient in treatment of knee arthritis and stability. The Scorpio NRG provides an evolution in kinematic benefits, including increased rotational allowance and an articulating design enabling deeper flexion. In 2007, the Scorpio NRG with X3 advanced bearing technology was launched. This new version of the Scorpio NRG is designed to lower wear rates compared with standard inserts. The Scorpio System is supported by the X-Celerate instrumentation system, which was designed to provide intraoperative flexibility and precision, as well as an approach to total knee replacement surgery. Additionally, the Scorpio TS knee revision system provides surgeons the ability to address greater degrees of instability and bone loss in both primary and revision knee scenarios.

The GMRS knee implant system offers a solution for bone loss in oncology, trauma and revision surgery patients. GMRS has tibial and femoral components, including a total femur, and a modular rotating hinge knee. The system utilizes both titanium and cobalt chrome alloys for strength and lightness of weight, together with the superior flexibility of the hinge.

The Company markets other joint replacement products, principally shoulder and elbow implants and related instruments, under the Stryker brand name. The Solar Total Shoulder System was designed to address the common arthritic disorders affecting the shoulder, such as rheumatoid arthritis, osteoarthritis, posttraumatic arthritis and avascular necrosis. In cases of disease involving both the humeral head and the glenoid cavity with an intact rotator cuff, optimal pain relief and function may be achieved with total shoulder arthroplasty. In cases of cuff arthropathy, the Solar Bipolar, which incorporates the patented bipolar locking mechanism that is also used in the Company's hip implants, was designed to fill the joint space and provide two articulating surfaces for better joint mechanics and pain relief.

Through Stryker Osteosynthesis, the Company develops, manufactures and markets its trauma extremities and deformities 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.

The Company's internal fixation product portfolio includes a range of IM nails, hip fracture devices and plates and screws in both titanium and stainless steel. These products complement the total hip and knee replacement offerings by offering a restorative option in addition to total joint replacement. 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 a complete offering of surgical solutions for the hip trauma patient. These hip fracture systems offer orthopaedic surgeons multiple options depending on their preferences and patient needs.

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COMPANY PROFILE

The T2 Nailing System includes femoral and tibial components with a common instrumentation platform for accuracy and ease of use. The Company has also introduced the T2 Ankle Arthrodesis Nail to provide the option for tibiotalocalcaneal fusion with a retrograde IM nail to repair limited soft tissue damage in the ankle area. 2007 the Company introduced the Omega3 Compression Hip Screw System, a product that reflects Stryker's experience in the treatment of hip fractures of the proximal femur. The Omega3 system offers surgeons a choice of low-profile hip plates plus the option to lock screws with diverging fixation. The Omega3 allows surgeons to decide preoperatively or even intraoperatively to add axial stabilizing screws to lock the hip plate to the femoral shaft.

To address the knee trauma segment, Stryker offers the Hoffmann II Modular Fixation System, the T2 SCN Nailing System and the SPS and AXSOS plating solutions. The Hoffmann II knee-bridging frame is used to stabilize injuries to the knee until definitive treatment with a plate or nail occurs or reconstruction takes place. In addition, Stryker offers the T2 SCN Nail, which can be used for the treatment of supracondylar femur fractures just above the knee joint. This nail can also be used for periprosthetic fracture fixation for traumatic fractures in patients who have already had a joint replacement.

Stryker has several product lines for 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. In 2008 the Company extended its VariAx technology to both hand and foot applications. Both systems offer a plating system to treat multiple small bone fractures. The second-generation VariAx Universal Distal Radius System, which is thinner than the original and features polyaxial locking, was launched in 2006. The AXSOS Locking Plate System, also introduced in 2006, is designed to treat metaphyseal and diaphyseal fractures with anatomically contoured plates, a screw design and a simple instrument platform.

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 complex 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 makes it easy for surgeons to construct the fixation device to fit the patient and align the fractured bones. It also has a full selection of lightweight radiolucent connection bars that allow for quick 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 complex fractures around the joints with both pins and long transfixing wires. This attribute is useful for patients with multipart fractures near the ankle and knee. The system features composite materials and is compatible with the Hoffmann II snap-fit connection devices.

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 include plates, rods, screws, connectors, spacers and cages, along with implant instrumentation. In 2008 the Company introduced the Radius Thoracolumbar Spinal Implant System. The Radius system provides a non-threaded wedgelock locking mechanism designed to reduce the potential for false locking and cross-threading and to improve the speed, ease and reliability of connecting rods to screws. Also in 2008, the Company launched Xia III, the next generation of its thoracolumbar spinal implant system and THOR, its anterior lumbar plating system that incorporates a screw locking technology. 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, and products for craniomaxillofacial surgery. The Universal Fixation System is a plating system focused on anatomical regions of the face. The system offers a range of plates, screws, mesh and instrumentation for cranial and maxillofacial applications. The system is based on a universal concept that includes the SmartLoad screw field, the SmartLock locking system, and universal screwdriver blades and handles, each of which provides results and helps reduce surgical time. The Universal Trauma, Universal Mandible, and Universal Orthognathic modules provide sets for the surgeon.

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COMPANY PROFILE

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 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 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 medicine physicians and plastic surgeons. The Elite attachment line with a extendable bur system and Saber Drill for (ear, nose and throat) 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 range 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 a range of different attachments and cutting accessories for use by orthopaedic, neurologic and small-bone specialists. .

Stryker Instruments also produces products that are utilized in conjunction with joint replacement surgery. These products include the Revolution Cement Mixing System, designed to provide one solution for mixing all surgical cements, in addition to offering mixing efficacy, safety and ease of use; the Interpulse, a disposable, self-contained pulsed lavage system used by physicians to cleanse the surgical site during total joint arthroplasty; and the ConstaVac CBC II Blood Conservation System, a postoperative wound drainage and blood reinfusion device that enables joint replacement patients to receive their own blood rather than donor blood. Through Stryker Instruments, the Company offers SpinePlex, a variation of its surgical Simplex bone cement for applications in the treatment of vertebral compression fractures.

Through Stryker Instruments, the Company offers a range of surgical navigation systems that give surgeons in several specialties the ability to use electronic imaging to see more clearly, better align instruments and track where the instruments are relative to a patient's anatomy during surgical procedures.

Stryker Endoscopy develops, manufactures and markets medical video-imaging and communications equipment and instruments for arthroscopy, general surgery and urology. The 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. In 2008, the Company introduced the High Definition Digital Radiography (HDDR) 3000, a direct digital radiography system designed to accommodate the demanding requirements of modern orthopaedic practices. The HDDR 3000 features a Q-arm design with the x-ray tube always centered to the detector for the patient positioning. The system performs all general radiographic procedures with a single detector.

Stryker Medical offers a range of stretchers customized to fit the needs of acute care and specialty surgical care facilities. Stryker Medical also develops and manufactures beds and accessories that are designed to meet the needs of specialty departments within the acute care environment. In 2008, the Company introduced the redesigned S3 Med/Surg Hospital Bed, the combining a retractable frame with the Company's BackSmart ergonomically designed side rails and featuring an open architecture to accept any standard support surface.

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 (Sysco), along with its subsidiaries and divisions, is a North American distributor of food and related products primarily to the foodservice or food-away-from-home industry. It provides products and related services to approximately 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 the main segments. Broadline operating companies distribute a line of food products and a variety of non-food products to their customers. SYGMA operating companies distribute a line of food products and a variety of non-food products to chain restaurant customer locations. As of June 27, 2009, the Company operated 186 distribution facilities throughout the United States, Canada and Ireland. On March 31, 2009, the Company acquired Pallas Foods Limited, a foodservice distributor based in Newcastle West, Ireland.

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 Sysco distributes include a line of frozen foods, such as meats, prepared entrees, fruits, vegetables and desserts; a line of canned and dry foods; fresh meats; dairy products; beverage products; imported specialties, and fresh produce. The Company 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 Target general merchandise stores with an assortment of general merchandise and food items, as well as SuperTarget stores with a line of food and general merchandise items. Target.com offers an assortment of general merchandise, including many items found in the Company’s stores and a complementary assortment, such as extended sizes and colors, sold only online. The Company operates in two segments: Retail and Credit Card. The Retail Segment includes all of its merchandising operations, including its general merchandise and food discount stores in the United States and its integrated online business. The Credit Card Segment offers credit to qualified guests through its branded credit cards, the Target Visa and the Target Card (collectively, REDcards).

As of January 31, 2009, the Company operated 34 distribution centers. A significant portion of the Company’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, Garden Place, Gilligan & O’Malley, itso, Kaori, Market Pantry, Merona, Playwonder, Room Essentials, Sutton and Dodge, Target Brand, Target Home, Trutech, Vroom, Wine Cube and Xhilaration. The Company also sells merchandise through programs, such as ClearRx, GO International and Home Design Event. In addition, it sells merchandise under licensed brands, including, but not limited to, C9 by Champion, Chefmate, Cherokee, Converse One Star, Eddie Bauer, Fieldcrest, Genuine Kids by Osh Kosh, 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.

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COMPANY PROFILE

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

Teva Pharmaceutical Industries Limited (Teva) 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 and respiratory products. Teva’s active pharmaceutical ingredient business provides vertical integration to Teva’s own pharmaceutical production and sells to third party manufacturers. The Company’s global operations are conducted in North America, Europe, Latin America, Asia and Israel. Teva has operations in more than 60 countries, as well as 38 finished dosage pharmaceutical manufacturing sites in 17 countries, 20 generic research and development centers operating mostly within certain manufacturing sites and 20 API manufacturing sites around the world. In January 2009, Phibro Animal Health Corporation completed the acquisition of the Abic Animal Health business from the Company.

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.

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

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COMPANY PROFILE 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

Transocean Ltd. (RIG) Web Site: http://www.deepwater.com/

Transocean LTD. (Transocean), formerly Transocean Inc., is an international provider of offshore contract drilling services for oil and gas wells. As of February 03, 2009, the Company owned, had partial ownership interests in or operated 136 mobile offshore drilling units. Its fleet included 39 high-specification floaters (ultra-deepwater, deepwater and harsh environment semisubmersibles, and drillships), 28 midwater floaters, 10 high-specification jackups, 55 standard jackups and four other rigs. As of February 03, 2009, the Company also has 10 ultra-deepwater floaters contracted for or under construction. The Company’s primary business is to contract these drilling rigs, related equipment and work crews primarily on a day rate basis to drill oil and gas wells.

As of February 03, 2009, the Company’s fleet was located in the Far East (22 units), United Kingdom, North Sea (17 units), Middle East (18 units), United States Gulf of Mexico (13 units), Nigeria (nine units), India (12 units), Angola (11 units), Brazil (eight units), Norway (five units), other West African countries (five units), the Caspian Sea (three units), Trinidad (two units), Australia (one unit), the Mediterranean (two units) and Canada (one unit). The Company specializes in the offshore drilling business with a particular focus on deepwater and harsh environment drilling services. It also provides oil and gas drilling management services on either a day rate basis or a completed-project, fixed-price (or turnkey) basis, as well as drilling engineering and drilling project management services, and it participates in oil and gas exploration, and production activities.

Transocean principally operates three types of drilling rigs: drillships, semisubmersibles and jackups. Also included in its fleet are barge drilling rigs, a mobile offshore production unit and a coring drillship. Most of its drilling equipment is suitable for both exploration and development drilling, and the Company engages in both types of drilling activity. Likewise, most of its drilling rigs are mobile and can be moved to new locations in response to client demand. The Company categorizes its fleet as high-specification floaters, consisting of its ultra-deepwater floaters, deepwater floaters and harsh environment floaters; midwater floaters; high-specification jackups; standard jackups, and other rigs. As of February 03, 2009, the Company’s fleet of 136 rigs included 39 high-specification floaters, which comprise 18 ultra-deepwater floaters, 16 deepwater floaters and five harsh environment floaters; 28 midwater floaters; 10 high- specification jackups; 55 standard jackups, and four other rigs, which comprise two barge drilling rigs; one mobile offshore production unit and one coring drillship.

High-specification floaters are specialized offshore drilling units that the Company categorizes into three sub- classifications based on their capabilities. Ultra-deepwater floaters have high-pressure mud pumps and a water depth capability of 7,500 feet or greater. Deepwater Floaters are generally those other semisubmersible rigs and drillships that have a water depth capacity between 7,500 and 4,500 feet. Harsh environment floaters have a water depth capacity between 4,500 and 1,500 feet, and are capable of drilling in harsh environments. Midwater floaters comprise those non-high-specification semisubmersibles with a water depth capacity of less than 4,500 feet. High-specification jackups consist of the Company’s harsh environment and high-performance jackups, and standard jackups consist of its remaining jackup fleet.

Drillships are generally self-propelled, shaped like conventional ships. All of its high-specification drillships are positioned, which allows them to maintain position without anchors through the use of their onboard propulsion and station-keeping systems. Transocean’s three existing enterprise-class drillships are and five of its seven additional newbuild drillships contracted for or under construction will be equipped with the Company’s dual-activity technology. Dual-activity technology includes structures, equipment and techniques for using two drilling stations within a single derrick to perform drilling tasks. Dual-activity technology allows its rigs to perform simultaneous drilling tasks in a parallel rather than sequential manner.

Semisubmersibles are floating vessels that can be submerged by means of a water ballast system such that the lower hulls are below the water surface during drilling operations. These rigs are capable of maintaining their position over the well through the use of an anchoring system or a computer controlled dynamic positioning thruster system. The Company’s three express-class semisubmersibles are designed for mild environments and are equipped with the tri- act derrick. The tri-act derrick allows offline tubular and riser handling operations to occur at two sides of the derrick while the center portion of the derrick is being used for normal drilling operations through the rotary table.

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COMPANY PROFILE

Jackup rigs are mobile self-elevating drilling platforms equipped with legs that can be lowered to the ocean floor until a foundation is established to support the drilling platform. These rigs are generally suited for water depths of 400 feet or less. The Company classifies certain of its jackup rigs as high-specification jackups.

From time to time, the Company provides well and logistics services in addition to its normal drilling services through third-party contractors. The Company refers to these other services as integrated services. As of February 03, 2009, the Company was performing such services in India.

The Company conducts oil and gas exploration, development and production activities through its oil and gas subsidiaries. It acquires interests in oil and gas properties principally in order to facilitate the awarding of turnkey contracts for its drilling management services operations. The Company’s oil and gas activities are conducted through Challenger Minerals Inc. and Challenger Minerals (North Sea) Limited (together, CMI), which holds property interests primarily in the United States offshore Louisiana and Texas and in the United Kingdom sector of the North Sea.

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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. It has six 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 heating, ventilating, air conditioning and refrigeration systems and equipment, and food service equipment. UTC F&S offers electronic security, fire detection and suppression, monitoring and response systems and services, and security personnel services. Pratt & Whitney includes 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.

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. Carrier sells directly to the customers and, to a limited extent, through sales representatives and distributors. Revenues generated by Otis' international operations were 80% of total Otis segment revenues, during the year ended December 31, 2008.

Carrier Carrier is a manufacturer and distributor of HVAC 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. Carrier sells directly to the customer and through manufacturer representatives, distributors, wholesalers, dealers and retail outlets. Revenues generated by Carrier's international operations, including the United States export sales, were 60% of total Carrier segment revenues during 2008.

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 under several brand names, including Chubb. In the fire safety industry, UTC F&S designs, manufactures, integrates, installs, sells and services specialty hazard detection and fixed suppression products and systems, and manufactures, sells and services portable fire extinguishers and other fire fighting equipment under several brand names, including Kidde. 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 security and fire protection for their businesses and residences.

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 and United States retail distribution. Revenues generated by UTC F&S’s international operations were 83% of total UTC F&S segment revenues in 2008.

Pratt & Whitney Pratt & Whitney is a supplier of aircraft engines for the commercial, military, business jet and general aviation markets. Pratt & Whitney’s Global Services 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 and narrow body aircraft in the commercial and military markets. Pratt & Whitney also sells engines for 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 United States space shuttle.

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COMPANY PROFILE

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. P&WC is developing the PW600 engine series for the very light jet market. P&WC is also developing the PW210 engine for Sikorsky’s S-76D helicopter.

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 11.7% and 6.5%, respectively, of total Pratt & Whitney revenues in 2008. Sales to the United States government were 27.4% of total Pratt & Whitney revenues in 2008. Revenues from Pratt & Whitney’s international operations, including the United States exports, were 60% of total Pratt & Whitney segment revenues in 2008.

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 17.3% of Hamilton Sundstrand segment sales in 2008.

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 directly to end users, through manufacturer representatives and distributors. Revenues generated by Hamilton Sundstrand’s international operations, including the United States export sales, were 51% of total Hamilton Sundstrand segment revenues in 2008.

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-60M Black Hawk medium-transport helicopters and HH-60M Medevac helicopters for the United States and foreign governments, the S-70 Black Hawk for 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. 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 36% of total Sikorsky revenues in 2008.

Other UTC Power has developed products and services for commercial buildings using 200 kilowatt phosphoric acid fuel cell and microturbine-driven absorption chilling systems. UTC Power has developed a geothermal power system. 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 in Connecticut, California and Europe. UTC Power is developing PEM fuel cells for submarine applications.

The Company competes with GE Aviation, Rolls Royce, Honeywell and Turbomeca.

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COMPANY PROFILE

Vanguard GNMA Fund (VFIIX and VFIJX) Web Site: http://www.vanguard.com/

The Vanguard GNMA Fund seeks a moderate and sustainable level of current income by investing at least 80% of its assets in Government National Mortgage Association (GNMA) pass-through certificates, which are fixed income securities representing part ownership in a pool of mortgage loans backed by the U.S. government.

The investment advisor, Wellington Management Company, LLP, seeks to maintain a high yield and predictable income stream by selecting securities with strong relative value among the broad range of available securities, and by appropriately positioning the fund in changing economic environments.

Founded in 1928, Wellington Management Company, LLP, Boston, Massachusetts, is among the nation.s oldest and most respected institutional investment managers. The firm has advised Vanguard GNMA Fund since 1980. Thomas L. Pappas, CFA, Senior Vice President and Partner, is portfolio manager for the Fund. He has advised the Fund since 1994 and worked in investment management since 1987. Pappas earned his B.S. from Tufts University and his M.S. from the Sloan School of Management at the Massachusetts Institute of Technology.

The Fund is broadly diversified across the universe of GNMA mortgage-backed securities. The advisor seeks to mitigate prepayment risk by moderately adjusting the coupon or maturity structure in anticipation of interest rate changes. Historically the Fund’s volatility has been lower relative to that of the Barclays Capital U.S. Aggregate Bond Index due to the fund’s short- to intermediate-term average duration. The Fund’s investments in U.S. government agency securities do not prevent fluctuations in share price.

Portfolio characteristics as of November 30, 2009 are shown below:

Average Duration: 2.2 years Average Maturity: 2.0 years Average Quality: Aaa Average Coupon: 5.2%

Allocations by coupon as of November 30, 2009 are shown below (% of Fund):

Below 5.0% 19.7% 5.0% to 6.0% 39.8% 6.0% to 7.0% 39.2% 7.0% to 8.0% 1.1% 8.0% to 9.0% 0.2% 9.0% to 10.0% 0.0% 10% and above 10.0% Total 100.0%

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COMPANY PROFILE

Verizon Communications (VZ) Web Site: http://www.verizon.com/

Verizon Communications Inc. (Verizon), incorporated in 1983, is a provider of communications services. The Company has two primary reportable segments: Domestic Wireless and Wireline. Domestic Wireless’s products and services include wireless voice, data services and other value-added services and equipment sales across the United States. Wireline’s communications services include voice, Internet access, broadband video and data, next generation Internet protocol (IP) network services, network access, long distance and other services. It provides these services to consumers, carriers, businesses and government customers both in the United States and internationally in 150 countries. In January 2009, Verizon Wireless completed its acquisition of Alltel Corporation.

Domestic Wireless The Company’s Domestic Wireless segment, Cellco Partnership doing business as Verizon Wireless (Verizon Wireless), is a joint venture formed in April 2000, by the combination of the U.S. wireless operations and interests of Verizon and Vodafone Group Plc (Vodafone). Verizon owns a controlling 55% interest in Verizon Wireless and Vodafone owns the remaining 45%. Verizon Wireless provides wireless voice and data services across one of the most extensive wireless networks in the United States. It offers a variety of postpaid plans for voice services and features. Specifically, it offers: Nationwide Calling Plans for individual customers, which provide a choice, at varying prices and amounts of minutes of use, including unlimited usage; Nationwide Family SharePlan and other shared- minute plans designed for multiple-user households and small businesses, and Nationwide Business Plans targeted to business accounts with over 100 lines and national accounts with over 1,000 lines.

All of the nationwide postpaid plans it offers include, among other things, mobile to mobile calling, which enables a customer to place calls to, or receive calls from, any other Verizon Wireless mobile number without the call time counting against their minute allotment, night and weekend minute allowances, no domestic long distance charges and no domestic roaming charges for calls placed within the customer’s coverage area. In addition, these plans also include access to the Internet through its Mobile Web service for an additional monthly charge per megabytes sent and received. Several of its voice plan offerings include data service features, such as unlimited text, picture, video and instant messaging to any mobile number on any network in the United States and its VZ Navigator and V CAST services free of any separate subscription fees. In addition, on February 15, 2009, the Company commenced offering its Friends & Family feature, which is available to customers on many of its single-line Nationwide Calling Plans and its multi-line Nationwide Family SharePlans. The feature allows these customers, depending upon their calling plans, to place calls to, and receive calls from, 5 to 10 phone numbers they designate (including domestic landline numbers) without the call time counting against their minute allotment. It also offers its Verizon Wireless Prepaid service that enables customers to obtain wireless voice services without a long-term contract or credit verification by paying in advance. It offers a range of data services and applications, such as text and picture messaging services; mobile broadband; consumer-focused multimedia offerings; business-focused offerings; location-based services; telematics services, and telemetry services.

Wireline The Company’s Wireline segment comprised: Verizon Telecom and Verizon Business. During the year ended December 31, 2008, Wireline revenues were approximately 49.5% of Verizon’s aggregate revenues. Verizon Telecom provides voice, video and data services to residential and small business customers in 28 states and Washington D.C. Verizon Telecom operates a Fiber-to-the-Premises (FTTP) network under the Fiber Optic Services (FiOS) service mark. This advanced fiber-optic network offers sufficient bandwidth for voice, data and video services and is designed to handle future broadband and video applications. FiOS provides its customers with fast, reliable broadband access speeds, high definition video with exceptional clarity and vividness and digital voice services. Verizon Business provides voice, data, Internet communications, IP network and Information Technology (IT) products and services to medium and large businesses and government customers both domestically and internationally.

Verizon Telecom offers a range of telecommunications services, including voice, broadband and video, network access and other communications products and services to its residential, small business and wholesale customers. Verizon Telecom’s three sales channels operate across its telephone subsidiaries and focus on specific customer market areas. Mass Markets offers broadband, video and voice services to residential and small business customers. Broadband services include high speed Internet and FiOS Internet services. Video services include FiOS television and other television services. Voice services include local exchange services, including calling cards, 800/888 and

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COMPANY PROFILE operator services, as well as value-added services, such as voicemail, call waiting and caller identification. In 2008, Mass Markets revenues were .5% of Wireline’s aggregate revenues. Wholesale markets its long distance and local exchange network facilities for resale to interexchange carriers, competitive local exchange carriers (CLECs), wireless carriers and Internet service providers (ISPs). Wholesale services include switched access products, high-capacity data products, unbundled network elements (UNEs) and interconnection services. In 2008, Wholesale revenues were approximately approximately 15.7% of Wireline’s aggregate revenues.

Verizon Business offers advanced voice, data, security, and wireless solutions to medium and large business and government customers worldwide. Verizon Business derives the majority of its revenue from United States operations. Verizon Business provides services to tens of thousands of enterprise businesses and government agencies, including 98% of the Fortune 500 companies. It has organized Verizon Business into three sales channels that focus on specific customers. Enterprise Business offers voice, data and Internet communications services to medium and large business customers, including multi-national corporations and state and federal governments.

Enterprise Business also provides value-added services intended to make communications more secure, reliable and efficient. Enterprise Business provides managed network services for customers that outsource all or portions of their communications and information processing operations and data services such as Private IP, Ethernet, Private Line, Frame Relay and ATM services, both domestically and internationally. Enterprise Business revenues in 2008, was approximately 29.9% of Wireline’s aggregate revenues.

Wholesale offers domestic and international voice, data and IP services over its global network to carriers and service providers, some of whom may compete directly with Verizon at the retail level. These customers purchase services on a wholesale basis so that they can transport voice, data and IP traffic without having to build their own infrastructure. In 2008, total Wholesale revenue was approximately 6.9% of Wireline’s aggregate revenues. Its International and Other operations serve retail and wholesale customers, including enterprise businesses, government entities and telecommunications carriers outside of the United States, primarily in Europe, the Middle East, Africa, the Asia Pacific region, Latin America and Canada. These operations provide telecommunications services, which include voice, data, Internet and managed network services. Its revenue from International and Other was representing 7% of Wireline’s aggregate revenues in 2008.

As of December 31, 2008, Verizon’s wireline network included more than 36,161,000 wireline access lines, 8,673,000 broadband connections and 1,918,000 FiOS TV customers nationwide. It offers packages that include local exchange services, regional and long distance services, voice-over Internet protocol (VoIP) services, wire maintenance, as well as voice messaging and value-added services. Value-added services expand the utilization of its network and include products such as Caller ID, Call Waiting and Return Call. During 2008 it offered new calling plans and to bundle landline and wireless services, with calling features and unlimited calling between a customer’s home phone and wireless handset, all on a single bill. It offers high speed Internet and FiOS broadband data products with varying downstream and upstream processing speeds. In 2008 it enhanced its FiOS offers by increasing availability of its symmetrical FiOS Internet service with upload speeds of up to 20 megabits per second (Mbps), as well as 50Mbps for download service. Its data packages include technical support, anti-virus and spam protection, and email online storage.

Verizon offers FiOS TV and Verizon’s fiber-optic video service and market a variety of DIRECTV packages that are delivered over satellite systems. FiOS TV provides access to more than 300 all-digital channels and up to 100 high definition channels and is available to more than 9 million homes across 14 states: New York, New Jersey, California, Delaware, Texas, Florida, Maryland, Pennsylvania, Indiana, Massachusetts, Virginia, Rhode Island, Oregon and Washington. Verizon Business products are classified as either Core or Strategic Services. In 2008, Core Services comprised 70% of Verizon Business revenues, and Strategic Services comprised 30%. Strategic Service offerings can be grouped into three main categories: IP and data services, including connectivity to the Internet; managed IT and professional services, including security; and advanced voice services. Verizon Business offers IP Services, including IP Contact Center solutions, Internet, IP Communications, Private IP (MPLS), and Secure Gateway services.

The Company competes with AT&T, Sprint Nextel, T-Mobile, US Cellular, Metro PCS and Leap Wireless.

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COMPANY PROFILE

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

Walgreen Co. (Walgreens), incorporated in 1909, is engaged in retail drugstore business. As of August 31, 2009, the Company operated 7,496 locations in 50 states, the District of Columbia, Puerto Rico and Guam. During the fiscal year ended August 30, 2009 (fiscal 2009), the Company opened or acquired 691 locations. Total locations do not include 337 convenient care clinics operated by Take Care Health Systems, Inc. within the Company’s drugstores.

The Company’s drugstores are engaged in the retail sale of prescription and non-prescription drugs and general merchandise. General merchandise includes, among other things, household items, personal care, convenience foods, beauty care, photofinishing, candy, and seasonal items. Walgreens offers customers the choice to have prescriptions filled at the drugstore counter, as well as through the mail, by telephone and through the Internet.

Prescription sales constitute a large portion of the Company’s business. During fiscal 2009, prescriptions accounted for 65.3% of sales. During fiscal 2009, third party sales, where reimbursement is received from managed care organizations, government and private insurance, were 95.4% of prescription sales. Overall, Walgreens filled approximately 651 million prescriptions during fiscal 2009.

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COMPANY PROFILE

Wal-Mart Stores, Inc. (WMT) Web Site: http://www.walmartstores.com/

Wal-Mart Stores, Inc. (Walmart), incorporated in October 1969, serves customers and club members more than 200 million times per week at more than 8,000 retail units under 53 different banners in 15 countries. The Company operates in three business segments: Walmart U.S. and Sam’s Club in the United States, and Walmart International in 14 countries and Puerto Rico. In January 2009, the Company acquired 57% of D&S S.A.

Walmart U.S. Segment The Walmart U.S. segment includes its discount stores, supercenters and Neighborhood Markets in the United States, as well as walmart.com. The Walmart U.S. segment operates retail stores in 50 states, with discount stores in 47 states, supercenters in 48 states and Neighborhood Markets in 16 states. The Company’s discount stores range in size from 30,000 square feet to 219,000 square feet, with an average size of approximately 108,000 square feet. Supercenters range in size from 94,000 square feet to 260,000 square feet, with an average size of approximately 186,000 square feet. Neighborhood Markets range in size from 36,000 square feet to 62,000 square feet, with an average size of approximately 42,000 square feet. Customers can also purchase an assortment of merchandise and services online at www.walmart.com.

Walmart U.S. does business in six merchandise units across several store formats, including discount stores, supercenters and Neighborhood Markets. Its grocery merchandise consists of a line of grocery items, including meat, produce, deli, bakery, dairy, frozen foods, floral and dry grocery, as well as consumables, such as health and beauty aids, household chemicals, paper goods and pet supplies. The entertainment merchandise consists of electronics, cameras and supplies, photo processing services, cellular phones, cellular service plan contracts and prepaid service and toys. Its hardlines merchandise includes fabrics and crafts, stationery and books, automotive accessories, hardware and paint, horticulture and accessories, sporting goods, outdoor entertaining and seasonal merchandise. Wal-Mart’s apparel merchandise includes apparel for women, girls, men, boys and infants, shoes and jewelry. Its health and wellness includes pharmacy and optical services and home merchandise consists of home furnishings, housewares and small appliances.

The Walmart U.S. segment offers financial services and products, including money orders, wire transfers, check cashing and bill payment. The Company also markets lines of merchandise under its private-label store brands, including Great Value, Equate, Ol’ Roy, Sam’s Choice, Spring Valley, Parent’s Choice, Everstart, Faded Glory, No Boundaries, George, Athletic Works, Secret Treasures, HomeTrends, Mainstays, Ozark Trail, White Stag and Canopy. Wal-Mart also markets lines of merchandise under licensed brands, some of which include General Electric, Disney, McDonald’s, Better Homes & Gardens, OP, Starter, Danskin Now and Just My Size.

International Segment The International segment consists of its wholly owned subsidiaries operating in Argentina, Brazil, Canada, Japan, Puerto Rico and the United Kingdom, its majority-owned subsidiaries operating in five countries in Central America, and in Chile and Mexico, the Company’s joint ventures in India and China and its other controlled subsidiaries in China. During fiscal 2009, the Company disposed of Gazeley Limited (Gazeley), a property development subsidiary in the United Kingdom. The Company utilizes a total of 146 distribution facilities located in Argentina, Brazil, Canada, Chile, China, Costa Rica, El Salvador, Guatemala, Honduras, Japan, Mexico, Nicaragua, Puerto Rico and the United Kingdom and two export consolidation facilities in the United States. Through these facilities, Wal-Mart processes and distributes imported and domestic products to the operating units of the International segment.

Sam’s Club Segment As a membership club warehouse, the Company operates Sam’s Clubs in 48 states. Facility sizes for Sam’s Clubs range between 71,000 and 190,000 square feet, with the average Sam’s Club facility being approximately 133,000 square feet. Sam’s Club also provides its members with an assortment of merchandise and services online at www.samsclub.com. Sam’s Club offers bulk displays of brand name merchandise, including hardgoods, some softgoods, institutional-size grocery items, and private-label items under the MEMBER’S MARK, BAKERS & CHEFS and SAM’S CLUB brands in five categories, such as sundries, food, hardgoods, service businesses and softgoods.

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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, Inc. (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, 2008, Xcel Energy's operations included the activity of four wholly owned utility subsidiaries that serve electric and natural gas customers in eight states. These utility subsidiaries are NSP- Minnesota, NSP-Wisconsin, PSCo and SPS. These utilities serve customers in portions of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin. Along with WYCO, a joint venture formed with a subsidiary of El Paso Corporation to develop and lease natural gas pipeline, storage, and compression facilities, and 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 9 % of its total sales during the year ended December 31, 2008. NSP-Minnesota 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. Approximately 89 % of NSP-Minnesota's retail electric operating revenues were derived from operations in Minnesota during 2008. The electric production and transmission system of NSP-Minnesota is managed as an integrated system with that of NSP-Wisconsin, jointly referred to as the NSP System. The electric production and transmission costs of the entire NSP System are shared by NSP-Minnesota and NSP-Wisconsin. A FERC-approved Interchange Agreement between the two companies provides for the sharing of all generation and transmission costs of the NSP System. NSP-Minnesota owns direct subsidiaries: United Power and Land Co., which holds real estate, and NSP Nuclear Corp., which owns NMC.

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 its total sales in 2008. NSP-Wisconsin also purchases, transports, distributes and sells natural gas to retail customers and transports customer-owned natural gas in the same service territory. NSP-Wisconsin provides electric utility service to approximately 248,000 customers and natural gas utility service to approximately 104,000 customers. The direct subsidiaries owned by NSP-Wisconsin include, Chippewa and Flambeau Improvement Co., which operates 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 primarily in the generation, purchase, transmission, distribution and sale of electricity in Colorado. The wholesale customers served by PSCo comprised approximately 22 % of its total sales in 2008. PSCo also purchases, transports, distributes and sells natural gas to retail customers and transports customer- owned natural gas. PSCo provides electric utility service to approximately 1.4 million customers and natural gas utility service to approximately 1.3 million customers. All of PSCo's retail electric operating revenues were derived from operations in Colorado during 2008.

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 wholesale customers served by SPS comprised approximately 39 % of its total sales in 2008. SPS provides electric utility service to approximately 393,000 customers. Approximately 77 % of SPS' retail electric operating revenues were derived from operations in Texas during 2008.

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. Xcel Energy has a 50 % ownership interest in WYCO. Xcel Energy Services Inc. is the service company for the Xcel Energy holding company system. 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, Inc. (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 both producing oil and gas properties and unproved properties, and in the production, processing, marketing and transportation of oil and natural gas. Its estimated proved reserves at December 31, 2008, were 11.80 trillion cubic feet (Tcf) of natural gas, 76 million barrels (MBbls) of natural gas liquids and 268 million Bbls of oil. On an energy equivalent basis, it’s proved reserves were 13.86 trillion cubic feet equivalent (Tcfe) at December 31, 2008. On an thousand cubic feet of natural gas equivalent (Mcfe) basis, 64% of proved reserves were proved developed reserves at December 31, 2008. During the year ended December 31, 2008, its average daily production was 1.91 Billion cubic feet (Bcf) of gas, 15.6 MBbls of natural gas liquids and 56 MBbls of oil. As of December 31, 2008, the Company owned interest in 33,285 gross (18,235.7 net) producing wells. In September 2008, XTO Energy Inc. completed its merger of Hunt Petroleum Corporation and other associated entities.

Eastern Region The Company’s operations are located in East Texas and northwestern Louisiana. These properties produce from various formations. Approximately 35% of its total proved reserves are in this region. The Company has 3,300 to 3,600 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 381,000 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 2008. 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 277,000 net acres, 57% of which is in the core productive area. It has 2,400 to 2,600 identified potential drilling locations in this area. It also owns 555,000 Mcf per day of treating capacity allowing it to add new wells as they are completed.

Mid-Continent and Rocky Mountain Region The Company’s Mid-Continent and Rocky Mountain Regions include fields in Wyoming, Montana, North Dakota, Kansas, Oklahoma and Arkansas. It has operations in the Anadarko Basin, Fayetteville and Woodford Shales, Fontenelle area, Powder River Basin, Bakken Shale 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 Wyoming and shale gas in Arkansas and Oklahoma. It has 2,450 to 2,850 identified potential drilling locations in this area.

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. It has 1,500 to 1,600 identified potential drilling locations.

Permian Region The Permian Region is made up of properties in West Texas and southeastern New Mexico. The Company has expanded its holdings in the area through acquisitions and trades with ChevronTexaco, ExxonMobil, Dominion and others. Fields in this area include Yates, University Block 9, Goldsmith, Russell, Prentice and Cornell. The Company has 1,150 to 1,200 identified potential drilling locations in this area.

South Texas and Gulf Coast Region The South Texas and Gulf Coast Region includes properties in south Texas, southern Mississippi, Louisiana and Alabama and the Gulf of Mexico. In 2008, the Company expanded its Gulf Coast holdings and entered into the Gulf of Mexico with the acquisition of Hunt Petroleum Corporation. The Company has identified 100 to 150 potential drilling locations in this region.

Others On July 2008, the Company purchased 152,000 net acres of Marcellus Shale leasehold in western Pennsylvania and West Virginia along with producing properties. In September 2008, in the Hunt Petroleum acquisition, the Company acquired non-operating interests, comprising approximately 300,000 net acres in the North Sea.

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