<SUBMISSION>
<ACCESSION-NUMBER>0001193125-06-191693
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>4
<PERIOD>20060914
<ITEMS>1.01
<ITEMS>5.02
<ITEMS>9.01
<FILING-DATE>20060915
<DATE-OF-FILING-DATE-CHANGE>20060915
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>MASTERCARD INC
<CIK>0001141391
<ASSIGNED-SIC>7389
<IRS-NUMBER>134172551
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>001-32877
<FILM-NUMBER>061093349
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>2000 PURCHASE STREET
<CITY>PURCHASE
<STATE>NY
<ZIP>10577
<PHONE>9142492000
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>2000 PURCHASE STREET
<CITY>PURCHASE
<STATE>NY
<ZIP>10577
</MAIL-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d8k.htm
<DESCRIPTION>CURRENT REPORT
<TEXT>
<HTML><HEAD>
<TITLE>Current Report</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

<HR SIZE="3" NOSHADE COLOR="#000000" ALIGN="left"> <P STYLE="margin-top:3px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="5"><B>UNITED STATES </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="5"><B>SECURITIES AND EXCHANGE COMMISSION </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="3"><B>Washington, DC 20549 </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><HR WIDTH="17%" SIZE="1" NOSHADE COLOR="#000000"> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="5"><B>FORM 8-K </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><HR WIDTH="17%" SIZE="1" NOSHADE COLOR="#000000"> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="3"><B>CURRENT REPORT </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="3"><B>Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
</B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B></B><B><I>Date of Report (Date of earliest event reported):</I></B><B> September&nbsp;14, 2006 </B></FONT></P> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><HR WIDTH="17%" SIZE="1" NOSHADE COLOR="#000000"> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="6"><B>MasterCard Incorporated
</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B></B><B><I>(Exact name of registrant as specified in its charter)</I></B><B> </B></FONT></P> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><HR WIDTH="17%" SIZE="1" NOSHADE COLOR="#000000"> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="34%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="32%"></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>Delaware</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>001-32877</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>13-4172551</B></FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B></B><B><I>(State or other jurisdiction</I></B><B></B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B></B><B><I>of incorporation)</I></B><B></B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B></B><B><I>(Commission</I></B><B> </B><B><I>File Number)</I></B><B></B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B></B><B><I>(IRS Employer</I></B><B></B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="1"><B></B><B><I>Identification No.)</I></B><B></B></FONT></P></TD></TR>
</TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="50%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="48%"></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>2000 Purchase Street</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="2"><B>Purchase, New York</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>10577</B></FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B></B><B><I>(Address of principal executive offices)</I></B><B></B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B></B><B><I>(Zip Code)</I></B><B></B></FONT></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>(914) 249-2000 </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="1"><B></B><B><I>(Registrant&#146;s telephone number, including area code)</I></B><B> </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>NOT APPLICABLE
</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B></B><B><I></I></B><I></I><B><I>(Former</I></B><I></I><B><I> name or former address, if changed since last report)</I></B><B>
</B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P><HR WIDTH="17%" SIZE="1" NOSHADE COLOR="#000000"> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Check the appropriate box below
if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): </FONT></P> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="WINGDINGS" SIZE="2" COLOR="#000000">&#168;</FONT><FONT FACE="Times New Roman" SIZE="2"></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </FONT></TD></TR></TABLE> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="WINGDINGS" SIZE="2" COLOR="#000000">&#168;</FONT><FONT FACE="Times New Roman" SIZE="2"></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </FONT></TD></TR></TABLE> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="WINGDINGS" SIZE="2" COLOR="#000000">&#168;</FONT><FONT FACE="Times New Roman" SIZE="2"></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </FONT></TD></TR></TABLE> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="WINGDINGS" SIZE="2" COLOR="#000000">&#168;</FONT><FONT FACE="Times New Roman" SIZE="2"></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </FONT></TD></TR></TABLE> <P
STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P><HR SIZE="3" NOSHADE COLOR="#000000" ALIGN="left">

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Item&nbsp;1.01. Entry into a Material Definitive Agreement. </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Item&nbsp;5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers. </B></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">On September&nbsp;14, 2006, the Board of Directors of MasterCard Incorporated (the &#147;Company&#148;) elected Richard Haythornthwaite as Chairman of the Board of
Directors and Steven J. Freiberg as a Class M director, or one of three directors elected by financial institutions that are holders of the Company&#146;s Class M common stock. Mr.&nbsp;Freiberg does not currently serve on any committees of the
Board. Attached hereto as Exhibit 99.1 is a press release announcing these elections. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Mr.&nbsp;Freiberg is Chairman and Chief Executive Officer of
Citigroup&#146;s Global Consumer Group NA and Co-Chair of Citigroup&#146;s Global Consumer Group. As previously reported by the Company in its June&nbsp;16, 2006 proxy statement filed with the Securities and Exchange Commission, and as required
pursuant to Item&nbsp;404 of Regulation S-K, affiliates of Citigroup are members of MasterCard International Incorporated and have entered into agreements with MasterCard International Incorporated in connection with, among other things, their
payment programs. As of June&nbsp;12, 2006, Citigroup and its affiliates had approximately 8.98% of the total voting power of the Company&#146;s Class M common stock. For the full year 2005, the Company earned approximately $244 million in net
revenues from Citigroup and its affiliates and paid Citigroup and its affiliates approximately $1 million for treasury and other related services. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">Pursuant to the terms of Section&nbsp;6.1 of the Company&#146;s 2006 Non-Employee Director Equity Compensation Plan, on September&nbsp;14, 2006, Mr.&nbsp;Haythornthwaite and Mr.&nbsp;Freiberg received 1,071 and 1,345 MasterCard deferred
stock units, respectively. These awards of deferred stock units will be settled on September&nbsp;14, 2010 under the terms of the plan. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">The deferred stock
units allocated to Mr.&nbsp;Haythornthwaite were awarded to him in his capacity as the newly-elected Chairman of the Board. Under the terms of the plan, annual awards of deferred stock units to the non-employee directors of the Company are
determined by dividing $100,000 ($150,000 in the case of the Chairman of the Board) by the average of the high and low price for the Company&#146;s Class&nbsp;A common stock on the New York Stock Exchange on the grant date. However, under the plan,
each non-employee director who was elected at, or whose term of office would continue after the Company&#146;s July&nbsp;18, 2006 annual meeting would instead be awarded 2,565 deferred stock units and the Chairman of the Board would be awarded 3,850
deferred stock units. Since Mr.&nbsp;Haythornthwaite, along with the Company&#146;s other non-employee directors, was already awarded 2,565 deferred stock units upon his election by shareholders at the Company&#146;s July&nbsp;18, 2006 annual
meeting, Mr.&nbsp;Haythornthwaite&#146;s September&nbsp;14, 2006 award was determined by pro-rating the difference between 3,850 and 2,565 to correspond to the approximately 10-month portion of the period from annual meeting to annual meeting that
Mr.&nbsp;Haythornthwaite will serve as Chairman of the Board. </FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Mr.&nbsp;Freiberg&#146;s award represents a pro-rated portion of deferred stock units awarded to a non-employee director
of the Company joining the Board at a time other than an annual meeting of shareholders, determined by dividing $100,000 by $61.98, the average of the high and low price for the Company&#146;s Class&nbsp;A common stock on the New York Stock Exchange
on the September&nbsp;14, 2006 grant date, pro-rated to correspond to the approximately 10-month portion of the period from annual meeting to annual meeting that Mr.&nbsp;Freiberg will serve as a director. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Item&nbsp;9.01.&nbsp;Financial Statements and Exhibits </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">(d)&nbsp;<U>Exhibits</U>. </FONT></P> <P STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="88%"></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP><FONT FACE="Times New Roman" SIZE="2">Exhibit&nbsp;99.1</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Press Release of MasterCard Incorporated, dated September&nbsp;14, 2005.</FONT></TD></TR>
</TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>SIGNATURES </B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. </FONT></P> <P
STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0">

<TR>
<TD WIDTH="48%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="48%"></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="3"><FONT FACE="Times New Roman" SIZE="2">MASTERCARD INCORPORATED</FONT></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Date: September&nbsp;15, 2006</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">By</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-bottom:1px;border-bottom:1px solid #000000"><FONT FACE="Times New Roman" SIZE="2">/s/ Noah J. Hanft <I></I></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Noah J. H</I>anft <I></I></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT FACE="Times New Roman" SIZE="2"><I>General Counsel and
Secretary</I></FONT></P></TD></TR>
</TABLE>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>dex991.htm
<DESCRIPTION>PRESS RELEASE OF MASTERCARD INCORPORATED, DATED SEPTEMBER 14, 2005
<TEXT>
<HTML><HEAD>
<TITLE>Press Release of MasterCard Incorporated, dated September 14, 2005</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>Exhibit 99.1 </B></FONT></P> <P STYLE="font-size:12px;margin-top:0px;margin-bottom:0px">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="48%"></TD></TR>
<TR>
<TD VALIGN="middle">

<IMG SRC="g68209img001.jpg" ALT="LOGO"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right">

<IMG SRC="g68209img002.jpg" ALT="LOGO"></TD></TR>
</TABLE> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">MasterCard Announces Election of Richard Haythornthwaite as </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">Chairman of the Board of Directors </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">Steven J.
Freiberg Elected as a Member of the Board </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B><I>Purchase, NY &#150; September&nbsp;14, 2006</I></B> &#150; MasterCard Incorporated (NYSE: MA) today
announced that Richard Haythornthwaite, a member of the MasterCard Board of Directors, has been elected as the non-executive chairman of its board, effective immediately. Mr.&nbsp;Haythornthwaite is a managing director of UK-based Star Capital
Partners. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">In addition, Steven J. Freiberg, chairman and chief executive officer of Citigroup&#146;s Global Consumer Group NA, and co-chair of
Citigroup&#146;s Global Consumer Group, has been elected a director of the MasterCard Board of Directors. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;I am delighted that Rick has agreed to
take on the important role of chairman of the board as MasterCard moves ahead with a new chapter in its 40-year history,&#148; said Robert W. Selander, MasterCard president and chief executive officer. &#147;MasterCard is now a publicly traded
company with a new governance structure, including a chairman as well as a majority of directors that the board has determined are independent under its established guidelines as well as the corporate governance standards of the New York Stock
Exchange. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;Rick&#146;s strong leadership and strategic skills, as well as his global experience, should prove invaluable as we pursue our vision of
advancing commerce globally,&#148; said Selander. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;I&#146;m honored to be chairman of this dynamic company at this very exciting time in
MasterCard&#146;s history,&#148; Haythornthwaite said. &#147;I look forward to working with Bob and my very capable colleagues on the board. As chairman, I will ensure that the board focuses on our shareholder obligations while Bob and his strong
management team focus on the company&#146;s customers and business as a franchisor, processor and advisor.&#148; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- more - </FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>MasterCard Announces Election of Richard Haythornthwaite as Chairman of the Board of Directors </I></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&#147;Steve Freiberg, who will serve as one of three directors elected by the financial institutions that are holders of the company&#146;s Class M common stock, is one
of the true leaders of the payments industry, with extensive background in many aspects of financial services,&#148; Selander said. &#147;Having spent more than 25 years in this industry, Steve has a deep understanding of our business and the
challenging competitive environment in which we operate. We look forward to benefiting from his insights and guidance.&#148; </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">With the election of
Mr.&nbsp;Freiberg, the MasterCard board now consists of 10 members: two Class M directors; seven Class&nbsp;A directors who are independent; and MasterCard President and CEO Robert Selander, also a Class&nbsp;A director. </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Background on Richard &#147;Rick&#148; Haythornthwaite </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Richard
Haythornthwaite, 49, is a managing director of Star Capital Partners, a private equity partnership focused on European capital-intensive sectors. From 2001 to 2005, he served as CEO and director for Invensys plc, and from 1997 to 2001 was with Blue
Circle Industries plc, first as chief executive, Europe and Asia, and then as group chief executive. His prior positions include serving as a director of Premier Oil, president of BP Venezuela and general manager, Magnus Oil Field, BP Exploration.
Rick is also a non-executive director of the main board of ICI plc. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Mr.&nbsp;Haythornthwaite is a graduate of Oxford and completed a Sloan Fellowship at
the Massachusetts Institute of Technology. He is chairman of the Almeida Theatre and chairman of the Corporate Advisory Group of the Tate Gallery. He is also a trustee of the UK National Museum of Science and Industry and a board member of the
British Council. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Background on Steven J. Freiberg </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">Steven J. Freiberg, 49, is chairman and CEO of Citigroup&#146;s Global Consumer Group NA and co-chair of Citigroup&#146;s Global Consumer Group. He has a long career with Citigroup, having joined its Card Products Division in 1980 as a
management associate. His broad experience encompasses senior leadership roles with Citibank Financial Account, Citigroup&#146;s early entry into online banking; Citicorp Investment Services (CIS); and, the Citicorp Insurance Group. In 2000, he was
appointed chairman and CEO of Citi Cards and, in 2005, was appointed to his current position as co-chairman, Global Consumer Group. He is currently a member of Citigroup&#146;s Operating and Management Committees. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">- more - </FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>MasterCard Announces Election of Richard Haythornthwaite as Chairman of the Board of Directors </I></FONT></P> <P
STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Mr Freiberg holds a B.S. degree in Finance as well as an MBA from Hofstra University. He serves or has served on the boards of Citibank NA, Citicorp Credit Services Inc.,
Citicorp Investment Services, Citicorp Insurance Group, Citibank Trust NA, Citibank FSB, the Citigroup Foundation, the MasterCard U.S. Advisory Board (as chair), Direct Marketing Association board, Habitat for Humanity NYC Council, the Upromise
board and the Financial Services Roundtable. </FONT></P> <P STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>About MasterCard Incorporated </B></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">MasterCard Incorporated advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. As a franchisor, processor and advisor, MasterCard
develops and markets payment solutions, processes approximately 14 billion payments each year, and provides industry-leading analysis and consulting services to financial institution customers and merchants. Through its family of brands, including
MasterCard&reg;, Maestro&reg; and Cirrus&reg;, MasterCard serves consumers and businesses in more than 210 countries and territories. For more information go to <U>www.mastercard.com.</U> </FONT></P> <P
STYLE="margin-top:18px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Contacts: </I></FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Media Relations: Chris Harrall,
chris_harrall@mastercard.com, 914-249-3682 </I></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Investor Relations: Barbara Gasper, investor_relations@mastercard.com, 914-249-4565 </I></FONT></P>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>g68209img001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g68209img001.jpg
M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````9```_^X`#D%D
M;V)E`&3``````?_;`(0``0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0("`@("`@("`@("`P,#`P,#`P,#`P$!`0$!`0$"`0$"
M`@(!`@(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#
M`P,#`P,#`P,#_\``$0@`$`!N`P$1``(1`0,1`?_$`%X```,!`0``````````
M``````<("08%`0$`````````````````````$``!!0$!`0`"`@,!```````'
M`P0%!@@"`0D1$Q05`!(D%A$!`````````````````````/_:``P#`0`"$0,1
M`#\`M-\M-:Z"JNA2..].E*T%$,[(UENV#R9<[I(NI-T(3%F(_$ZHVG*JDJ\]
M5_16;F$ZBTM=);>]IIIJ0=@:\<^]>(^=`?<^[I5!@]^C1(.<V4C&]KGUQ,.9
M\\BZO]>6XB6Z:LD.&(H29_$43,2,;&M$G4[..UD$EW;.,C&OKMZY61;(K*\@
M6K3]8XD-5L\\Z?RX:0,5L]"^F:#M0I5L`O)"MHS99B)&CFSFL>WJC6U_3[%#
M!V3>*K7".56:2<4@DGTFDYX=->U@8[1^_`YF8\Y*`-RB[=.V#7-M>5>M62J,
MXV1J@\;]2%9K%6LI(?+239Q$U^^$2[PU;B%D$G'KF5D../QYSSUUX&$T;]+!
MCGPED8/IC<DE,AT1EF"$CX*B=5!NG<31L,B7(>@D&Q4I:K+`1L3;)CFCO)R3
M?2*K6)B8'I)PJOTHJFCT#7`,CEHEU24E3+GBS9NMD;/K125/L5_&Y*3FXOF.
MCGS>RPEE&D]-1O48NN\4:^HO.&3U-PU4]]1_5ZDHH$3=TD@/>?5%07:JWH3,
M<`*&^<U+*51:5;8,ME&O3Q7>Z/*M9GIKA9E9:ZVN=E1I\6T3_C^^.E.$$./?
M4O?/Q_@&')6WKJ"_G^J8-+NS@>/[+51(`N*'<S36D=IO8PUL19EJKDMVXJ\H
MSH3):\D>L)?O]EY1O!MW$`Q_O7_Z$>UE?\#JZ*VB_+65?I/FXR`8@9;TC2?G
MEH$Q-QM=K-0KY%7<06,6D:KMB"/2(,Y^>K4ZWKUMC^HN<9*^M'\2]7;>])J(
M.FZZ@$"F[3>B@6XMS6%P*0M3:1MF-A&7Y`;T:Q46BPH]$,;3ZS5TR"3"02YV
M!K%;;6FU<+1D"Q2]>24P\9N_4T>$&CA=,#[0]Q*&C-RIP`^=3$3R%%DNR!.Z
M9M5D!I1">+B_0[-(5(D5`F3-TO$708%K1):,[4<R#23D47K)9LY8<NTW*/\`
ML`;[^J-2IPQTM/G'/IA$1LRS;0C1;QG/^>/KU;+A9-.S4+6,W>BR\5FU=#JT
MP)=MDYQ%-WSI_&\1;YH\XD.&W+;KOT"E-[DLH:`)(.NN<O$[._M*L%,JM0'D
M7<A:=+D;+62)J+J0^I0G;"RU2/$G>+9>YQE!MXZ0\CO/YSGE3]OK3E1SP`ZB
M/H<6U;'9PU;L'&2A:J\%G)R#V?YPK`5VD?A;#WFI4LD.*"7H>\OAE&W\3?\`
ML6;J;KTN\8+^<.VG\99PBY\<)@JH%PQ?C5\[3V%K4PLH%.K#?6T-&9D(5D@G
M<9/BTN0NP2B4,Y&N*9ND/'3NKR?3AHJOXGY^N:K$F[:_GU%WU^0G#7<Z['-&
M.;P>"=F#1XI*E&^Y$_MTGYW%,].T<^S(L<!V"#A1F,U6AB]@I.V/H%_:Y.:K
M"S%VCW8X^'[:MU?5W/'G04\S/F/%>EK@:IB(8?1L@2MDRQ?\P6N];?3U@PKB
M0D/SUAV01E2$--QT![(6+^?4F;J1_KF:_#/]:7Y7\]4\Y]!/`CD+7^G<=Z_D
M-!C^XCK4@:SV"L7Y8?V^.<L):WD;YYRBIIK.D*LHY]\4=530NG&T0^;OT_?^
MQC!H>^>^\<\_D&6%%,HMVQ5H72GT:RF;EU_H#I-$JD0%,`\42`;`51Z<A7AA
MF=A,5P11[XITV2%U-$D5.^3$*FF^@YF8[<I]I*=>]\@T'RGE3T[KFD(>ZR.B
M[1F"LF6,BL27O8%>FZSIFT"10?5E[<T+NTN$7`D:;IE<)[B29529M3%"R2<0
MGYT\Z6YX174#-DG)U<._ULOU@..>H4KY\F?EW1A;Q82(/(ZV#M:\+Z;+4G8J
M9'2TW'/&#.V_^.F4'*Z+?M-WRS734_/GG^OO@3<)>;=9NL>"$'W&AZF(+_Y+
M?1^$?P\\*K!:*L=M,83:4<@5<8DP!7R/?1#ZXED7!XX,6+]@PD.9!])TR18_
M[_R7B7B@&U,&9Z+0=WL3<]5[Z5E<\\_.C2.?ZI9]@QVM>TY:,+E1EYKL0"N(
MTC&03ZP7%[=Z7&=ND8IDO^E7M'C]WY7\YZ`4WC.M@#6C@*?SK$;[K()*/S7R
MB`K%<\4SY[8W`*&_/KBYRSVG'0<9\2?$IW3KA#%'W^LDO(YZUB9N,=MW'*'K
MSA7T-L11ND(PMFQUGF.^DX\Q'H'7!O+_`-`[C#1>A'V[IE]*CIU71_9IYH[C
MIC454$A((%)C.IU[!L&\YY%_Q._^5N\<J^!R,Y"$,5>S_5VQF''.Q9_"ARI>
M$H"H5XU4;21\+YEKT)P98.X7QC4[A)WO046UIEPE&LCRQ\];SM;9(M9CEFQ[
M72_`!BZ`[59[SOH6O!]AN<LY&R]K3#.D<;Q!P>7@3;.(]6%,_(SNKQ4%;T44
MJ8<9&&ID-VQ=#::MO*$TM.HKL$'CI%%JOX#(PU#P_<U;,=U'OV_F[4$Q1(,&
M%XN;;Z(MB91D2F0AA&6$8AU"RPC*WR)(M\]7H=&8;UM!ZAQ#,W*KURDQX55_
#P/_9
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>g68209img002.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g68209img002.jpg
M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````9```_^X`#D%D
M;V)E`&3``````?_;`(0``0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0("`@("`@("`@("`P,#`P,#`P,#`P$!`0$!`0$"`0$"
M`@(!`@(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#
M`P,#`P,#`P,#_\``$0@`6@!I`P$1``(1`0,1`?_$`+\```(#`0`"`P``````
M``````<(``D*!@($`04+`0$``00#`0$`````````````"`4&!PD#!`H!`A``
M``8!`P("!@0*!P4)`````0(#!`4&!P`1"!()(1,Q0105-SA1(C(V87$C-&0U
M519G.8&14F)F%QA"XI16"C-C5&7%U4=72!$``@$#`@,%!04$"04``````0(#
M``0%$08A$@<Q05%A$W&!H2((D3)"(Q3!4F*"L='A<J)#%18)LC-3)#3_V@`,
M`P$``A$#$0`_`-^&E*FE*FE*#V8.0F"N/L.A/9QR_CG$\2Z-T,G5]MT+6AD%
M!$P>7&MY-X@ZD5-RC]5`BAO#T:IN3S.)PT0FRUS#;QGL,CJNOL!.I]VM7OLC
MIIU"ZE7K8[I_A,IF;Q!JRV=M+/R#Q<QJ50>;D"E-BN[7VVYF63A&',/#QI!5
M8C=$'4K)1S1990X$331DY&*:QBIE#B`%Z5AW$?#5N1]1=D2R"),E;<Y.G%B!
MK[2`/C69+SZ,OJEL+(Y"YV1FQ;*I8\L:.P`&I)1)&<:#MU7A3QOK*=PQ!Y7`
M:2#0[?VD)DRY%(HC<2>9YY54U"D43*G]83&.0A0].JOD<G>*A7&1ASI]]M>4
M>P#37VZ@>VHYQVBI,8;SG64-R\@'S:ZZ:>W7AH`2>ZDFO7+K%D`\78R.5UYI
MXB<Z:[*DMG,HV05(82F2%Y'$;Q0F(8-A`'!Q#UZQCD,O?RR$3Y!R?W8SHH\O
MDT'Q-9@PO3#=5]$LT&*$,)`(:X(1B#W\KDO_`(10_CN;6&4E#*N;S=:ZW2#K
M6DI:,>$CFY`]*CI9J_?>2D4/2)B;`&J=#D)H3S)?3IYEVT_I(JN3](=Y,O+'
M8V<\A[$1UYCY*&5=3[#3%XKY98AR/'N9.C9HQQE&'8.`9R3FL3[*2?1+H`#=
MM)$CB&68N/'P*Y1()O4.JDO5+$8*18,YE+1U8<.8D/IXAD0@Z=X(]]67G.D^
M^,7,(,C@\E87#CF421E5<>*<Y`8>:$BF1A+Y3;&NFSAK-#/I!1#V@(Q*0;>\
MO)`1`Z@,3*`Y.FF8-C&*42@/K\0U?N#W]LO<ER++"92RN,@4Y_165/6Y>]O2
M)#D`\"0N@[^ZK&R6U]QXB`W63L;J&T#<ID:-O3#=P+Z%03W`G4UUNKNJ@U-*
M5-*5-*5-*5-*5FT[R?>N7XI2<MQ?XKO(J1Y``S2+D3(SA!K,1&&TI%J1PUA8
M>/7!:/F,CN&2Y%U`<D59Q*1R>8DLX.*;?!O4[JF=NR-@-OE6S&GYDG:(=1P5
M1V&33CQU5!IJ"3HNT[Z&?H*CZQVD/5OJ^DT73;U";*R4M%)DRC$-+*XT>.R#
M`J.0K+<,&Y6CC4-+B:R'DK(67+;*WS*-VM.0KI..%',K:+C.2%@FWJJJAE!!
M1_)KN%RHD,<0(D42I)EV*0I2@`:BM?9"^R5RUWD)I)KESJ6=BQ/O/]'=W5OO
MVQM3;.RL-#MW:&/L\9@K=0L<%M$D,2@`#@D:J-3I\S'YF/%B3QJZWM,\6*FS
M#_5;F!HQ%G!B^>XW:SB)31D,UA15]ZY&?(+%,15RU6;J(Q>Y1\LZ2BY0%04#
M%S#TSVM`L8W-DU!`)]$$<``=&E(\=>">&A;MY:UI?7CU^R[3MT+V)+(CR*HR
MDD3:/(90#'CT8$$*RL'N=""P9(B0OJJ7!Y`\W<T9BG`@J!/S=!Q!#K"C&U=@
MLHU6NQ4SF#WSD`I!VDBO/M(QPC[,T((;@=;=361LOFKK*+^DC8I8#AR@D%O-
MB.WR'9XZFH1["Z5;:V?#_J62BBN]U2#5I6`80:_Y=N"/ET[&DTYW/80F@H52
M&97<%7QEI9)<CHA`3*Q;&$`>/!*/0BU.??RTU.GJ$3;^64!'QV\<=YF[.&3U
M9CK$>"Z=Y_=]O[.-99Q.#AS$_HV[`,#\VOX1^]Y_U\*0?*E^ON4'"@V29=^Z
MB',9G7&:ZJ$*U(`_4W:%,`/G`!]I9;K.(^CI#P"P;C-75Y)S3-I'KP4:Z#^O
MVFLX;>Q&(P$8_0Q*;@CYI2`9#[_PCR70>T\:&U"N&1,,VZ/O>,+3,4NTQ:A!
M;RD,X%(KA$I@,I'RC(W6REXIP'U56KI-5!0H["7UAQS&TOX#:WJ+)"W<1\1W
M@^8.M7!E;'#[DL'Q>:@CN+%QQ5QKH?WE;M1QVAE(8'OK3=Q%Y15OFYC!['SZ
M*%0S70RM%;&TAEE6JC)TJ`I1>0*8MYP/D(:0<)^6X;@H)FB^Z)C"0R)S8#ZD
M]/+3)VGZ-G>,AO4M+J,E9[6=?NNDBZ,K*>W0@2)J.T:K#W=NV,ETEW$EU9:W
M>UKS50LH#)+'VO;7"D%691Q1B/F&C`:AA5@G&[F1::M;D\.Y]D1?HD?EA(>]
M/CA[='/CG*FR;6-T(%"1B'_F%\E^</.2ZRBL8Y!$Z?[^FCZT=T[7W>O1CZ@K
M@SH+C]-;Y24CU8I"=(TO).'JP2ZKR7+?F)S*96>,EH\0]9_IQP6=V\W4?I+#
MZ4AB]::Q0?ER(!J[6Z\?3FCT//`OR/H?3"L.5[9M;<Z@%4TI4TI4TI2R<S^0
M*'%?BKGCD$HD@X=XQQW-S<"T=;"V?VYTF2'ID<Y#P$6TA;))FBIMX]!QV\=4
M'=&97;^WKO,G0M!"S*#V%SP0'R+E0?;66>A73:3J_P!8-N]-E++#ELG%%,R_
M>2V4F6Z=?XDMTE9?,"ORTK5:;#>+-8KG;I=[/VJVSDK9;+.22PN)"8GIQ\O)
M2TF]7-XJNGSYRHH<?68VM?MS<37=P]W<L7N)'+,QXEF8ZDGS).M>O+#XC&;?
MQ%K@<+#';8>RMXX((4'*D442"..-!W*B*%`[@*\:O`N+39:]66@]+JQ3D3!M
MC;=72O+/T&*1NGU@4ZX#_1K]6EN]W=1VJ??DD51[6('[:X\]EX-OX*]SUU_\
MUE:33MYK#&TA'O"Z5J:M+%&M8DJV*:NB+.%%M&Q)V[8!(7]WJLV:H,V9@)Z2
M.WA4CJ?VQ3'??<=2J>-;7'18^W&D*J%`_A4`#[=./C[Z\^RY"YS^\K[>.:<R
M9*>:29F/$^M<,SL?Y02!X`C3L%#:&QVH;H$42D#P])=S>/X/IUU4@)\ZJUSE
MU''6FGG\"0KCC1+LW3)%2=LQ%+0S>G2*+ADZAQ6+`)('$O6DF9(B@'`!V.5R
M8!W\-?-P8"+*;:GM&7_V"AD0]X=`2O'P/$'R:K%Q&^+NTZBP7,3D6-NPA=0>
M#))IZI(\1J".'`H*IZDJIU`)O*V'UAL`?C`0]?CX:BU'<,*F=#?\O?7`R-74
M*)OR74'XO1^+T:[J70JK0W^O::+/%/(<A@;D1C>_-5E6\6,\TK-N0*(D3?T^
MSN$8J:0<%#ZJA6I5B/$]P^JNV(8/$-?C*1+D,=);GBW+JODPX@_L]A-4;?&+
MAW3M*\Q3\9O2,D1/X98P60CPUT*G^%B*T+\FJ\DUFH.P)$+M*-',6].3[*KB
M-,0S=41]8J-''3OZRIAK6M]4&WX[;,X_<\"Z&[A:&0CO>$@H3YE'"Z^""L/]
M$,N\^,NL/(3^1(LJ`]RR:AA[G773Q8U;GPKR@]R?@F!7F')G<_4'3BER[E4X
MG7=A$I-E8EXN8=S'6<0SM`#G$1$ZA#&'Q'6XGZ(^JEYU4Z"X^XR\IFS^'E?&
MW#DZL_H*C02,3Q+-;21!V/%G5V/;6OCZEMC6^QNJEW%CT$>)R*+>0J!HJ^J6
M$J+W`+,DG*!V*5%-EJ758!J:4J:4JFOO[MY=QVML_P#NH%A30F\/N)<$>K?W
M0GENF@N*G2(?D2.3(B;?PV#6,>L*R'8%YZ?8'AU]GK)^W2IS_P#'!+91?5WM
MO]85#-;Y)8]?_(<;=::>?+S`5^=9J$]>G:C/QT.W3SSA\[KI!$,B50#=6W3U
MFEVQ4A'<!#_MA+M^'5:VV5&?L^?[OZA/^H5B[K:LS]']S+;Z^K_HEWV>'HL3
M\-:U61U8/.H1RY4Q4\A`R/HWZ>I03C]/IWU*A(!*JLW8!6@6YR:V,DJ:\6;7
M[!1.AL;&-TB9'Q\-@`HAO_4'JUV5MU7N^VK<NMP%NPT=[XP(SQ[&LRDZ4VL$
MV;@7;P`$FI2&#Z`^L`Z[<P`C&O8%_9QJT,/,TV8>77YFG)^TU2C,U0!7<B1+
MI`RRPE#;;8HJ'$-O4(;"&H-2W"F>3EXH9&T]G,=*GE9W^D2!C\W*OVZ"AS)U
M80ZMTOI]!1^CZ/3KE24'LJLPWM<&]J9SK)@BD(K&71*D!0V.*HJD!("B'B!N
ML0V_#KLK.1V]E52*^T!)/RZ'7[*T@<BP%.D4A)P.[PCY$JF_VO,3@BD="._C
MOYPAO^'4&?JE:/\`VMC5_P`PY%]/8(CK\2M8&Z*:G<.19/\`L_IQ\9?E^&M.
M7VRB.0H64%#@?V0]RB2("/V!<)P1!==/JZ@342W_`*-3+_XNTN!T\W/*VOZ0
MYB`+X<XM]7]_*T>ONJ.OUN/`=UX-%T_4C&REO'E,YY=?>'TJS36T*H1U-*5-
M*4`^4N"8?DYQSS1@&<7(T996Q[8JDA(J$%0D1,O69U:Y."F`&%08*PH-7@%`
M/K"AMJC[@Q$>>PEUAY3HMQ"R:^#$?*W\K:'W5D;I#U#OND_4_!=2,>I>?#Y.
M&X9`=#+$K`3PZ\-/6A,D1/@]?EFY,QQ<\/Y"NF+,B0;NN7C'UEEJE:81X0Q%
MF$S"O%63Q,IC%*"[90Z7F(+%W371.10@B0Q1'7[D+"ZQE[+C[U"EU#(R.I[F
M4Z'^P]XXCA7KWVING!;WVS8;PVS.EUM_)6D=Q;RJ=0\4JAU/DP!T93\R,"K`
M$$5SD#,.Z[.0U@8"`/H.6CIAD([@`.HQXB];B(AXA^51#7!;S-;SI.GWT<,/
M:I!'Q%5#+8VVS6)NL->#6TN[>2%_[DJ-&W^%C6TKBQ.0>3ZK6[)$JD7BKE!Q
ML]$J!L/29XV*N=H?^RNV4%1`Y1V$JJ0E'QU,'#W$62LH;N`ZQ31AE]X[/:#J
M#YC2O-?U9PF2V3N2_P!OY12F0QMU)!*#W^FQ7G_NNO*ZGL*L".!I^87'>_1L
MW$VVV_U?#^D?1M_7JX8K!F/&L#7FXU&O*:'7(:O/JU4"J"W/Y<JDHP8&`!V!
MX)/RB>^P``I("*GX0`=6-U/S*;1VM->NP%Q.IAA'>97!'^!=7/DM7?TPF3<&
M<$2G4P,))/[@/`^\@+[357$K31#J+Y.VWJ,'CM^/4(XYQH!K4Q[?*Z_>-#66
MIPAU@"6WT`8NX#Z?0/IWUVTG]]5RWR(X$&NKP-A%7(>7ZG&*LS&AH>2;6>R*
MB0111B(1PD[\E0^VP&DGA$FQ"CZ?,'Z!U]N;WTK9CK\Q&@]I_LKI[FW&,5@I
MY==+F1#'&/%G!&O\HU8^RK"^2=B+)66(KC815&%:*.7::6YQ]Y2YTC)H`0H"
M8RI&B2>Q0\=U=M:^_J9W`N3W-9;7LSSM90EG"\?SKCE(30?B$:H?Y]*^]%<0
M;+"W.:G^7]3(%4GA^7$""WD"Y;CX+K5RO$;%+O$6$*W!2[<6MCFU'%LLC<X`
M"K62FBHF1CU?6"L;%H-T%`]2I#:W6_1_TDNNCO0W&8'+Q^EN2^+7]XA&C)-<
MA>6)OXH8$AB<=TBOI6M_Z@M_6_4/J=>Y7'OSX6U"VELP[&CAUYI!Y22M(ZGO
M4KK3,ZD_6%*FE*FE*FE*H@[N/9GK7.]%7->&GT+0>4$+#IL5UY,IFM3R_%Q;
M?HBX2WN6R2JL59H]$@-X^8`B@>3TMG13(D15:XCZC],(-W@Y7&E8<^BZ<>"3
M`#@KD?=8=BOX:*W#0KL/^B[ZZ,M].SC86^8Y\ETDN)^91'\UQC9)&UDEME8@
M20.27FMM5^;66$AS(DV&K.W&?/O&2UNJ7GK$UUQA/-ESHIELL*Y;Q4H"8B'M
M4!842KP%A8'VW(X8N7")@]!M1,R^`S.!N#:Y>WE@F!_$O`^:MQ5AYJ2*]!G3
MSJOTXZL89,]TZS-AEL<R@GT)09(]?PS0G2:%QWI*B,.\5:!VF.:$%C:SLL`9
M5G6T+5YZ7%UC>URCHC6-KMB?J];BL2CQ8Q46,38'@@HU7.)4T'QC%.(%7ZB9
M(Z:;OCL)!@<DX2V=]8G/`(Q[4)[E8\03P#:]S<(,_7;]-V0W?CGZN[%M7N,Y
M:VX3(VL:EI+B",:)<Q(.+S0+\LJ#5I(`I4:Q:/MZQ?!HS\*@]=1SA-9)N511
MS[*8&KOQ$-T5C`5/SC`&XE#<!](>'HE?:<CQ*6[2![Z\^F<EDM[MXHVUBYB-
M->(]OE7!9AH);:V<,)1J)H\I!(T;D\!9B`[E<H'Z=BN^KQ$^WC]D0Z?#5I[S
MVO8;LQ<F)RZ<]FXX:?>C8?==">QU/'7OX@ZJ2*N?9.Y9]NW:WF/?EN=?F)_$
M.]6\5T[O?VU6G?,*R$&LMU-#/6(&'RG[9(1`"[^`.D2[G04`/3Z2#ZAU!;>/
M3/=6S+EW]-[O#@_+/$I.@X\)4&I1@.T_</<WA+S;/43%9N-1(PBO-.*$Z<?X
M3V,/B.\4$T,/S%E?@P@V8N3F.!55E/R;1F01`IE7C@0Z$2$#QV^T/H`!'PU8
MD5^#][NJ_P`YJWM8C.[_`"CL'>?``=_]%-U2J*PPM631%2A7]TO]C4)LSAHU
MR^E+!*%*)6Z2;5JFLNRKT4*@B(GV*`"(F'K.&UL;HW#D+*W$&"LKG*[GN#R6
MEE;1O-++(>`)6-6*Q(2#)(0`!\H/,15M&;_=%_\`JLU<PX_;EL-99II%CCAC
M[_F<@-*^FBJ-23W<H--)QDX72D58VV7\[`@\M@O/?<-3142=HQ4HHH*R,K8E
MTC*-7,@T'8S=HD8Z+<P%,<QCE`I,I_2]]$N4Q&Y8^LG7GTY]WF7]3;8[59%@
MG9N99[M@61Y8SH8H$+1Q,%9F9U")BWK=]2ECD,,_3KI9SQ;>$?HS7FA1I8@-
M#%;@@,L;]DDK`/(-0JJI+-9CK9Y4*JFE*FE*FE*FE*FE*^DL-9K=NC%H2V5Z
M#M$,X_.(BQ1,?-Q:_@(?EF$FW=-5/`?60=<,UO!<QF*Y1)(CVA@&'V'45W\9
MELKA;M;_``US<6E\OW9(9'BD'L=&5A[C04CN(O%"(DO?,5QBX]QLL"@*EDV.
M&L=M7Q%0'J!1-RC72*IJ`;QW*(#OJEIMO;L<GJQV%FLOB(8P?MY:OZZZU]9+
MVU_0WF[=RRV>FG(^3O60CP*F8@CR(H[.(\BB14VQ@;>60")D*4`;E*4.DA`2
M*``F4I?`.GT!ZM=ZXM/57\H\K_#[*QL)#S<SZDDZGQU/:?;7!S%=DG`'*K')
MOB#_`+2)TS".^X;[&,FH`CJW[F#,PD^DI=?(@C[#Q^%=^"6$,#S<AH=KXP1>
M+=9Z@"Q]_2Z./E"/]XBKD$Q#?Z0'5"FM<_<-RK`_'QY5'VZU7(<R\"_+<\H\
MNWX"NEC<1QY_+"3CX1DU(("#./CV1E1V]0J@W*BEOZQ`#CKI1=-<?D)?7S=O
M9]NI`BC9S[7*Z#V\37U]VY&`$6EQ<ECWF1P/LYM3\*)4=6(N'<MEH@AXQ!NU
M4:FCF16R+%UUG`X.7A0;BX7=)#OTF\P`\?$!\-KUQ^V<9B;N.XQ(-K!'$4,,
M0C2)]3KSR`)S,Z\>4\X'$Z@\-*%=9>\OH'BOB)Y6<-ZCEVD70:<JDMRA3WCE
M)X#0BNAU<-4RII2II2II2J%<4]].FY`[B,EP+L7'JPT-BEG+)W'R$SF[R!'R
MM;F<AT%G,/8>*-6TZLQ<,7-S)$`FW1%\H=%5RD`^8`B(*43NZCWBJGVS+%C2
MF%P?/Y[N%XI-QR58(:!N;*FEH5!J\K#5]E9)=R\KMA!PUL-AE%6B/U4@(=H?
MZQA,4NE*L.J_*/$3C".&LUY/O6/L)QF9,:T;(D7&Y'R#5ZXFR"Z5:(LPPJ$O
M/O(1M+KQ)9<J!U4B$`Y@`W07J`-*498J\TB>JI+W!W*J35'48N),ESB;%$2-
M4/&M`4%W(EL3-XM#F8M@2,*BOG>63I'J$-ATI0L;\J>-$C6KC;X+/^%[/7Z!
M'J25QD:OE&BSS>O-RJ^S(EEEHZ?60CEGSXQ6S<JYTO.<G*F41.8`TI0-X$]P
MO!7<.Q>]RAAL\E7T&UHM<(C1KO(5AIDOW)6))K%DN,K3H6=FGD)!33EV3V8R
MQA\!*!A`Q@+I2FCJ6:,.7ZQ350HF6L976VUL50L57J5\JUCL4"**I4%@F82'
ME7DE&>2N8"&\Y(G2<=A\?#2E>"F;,,(K-FZN7<7IN'ER1QTS0/?JH5=WD%P8
M"(41LD,MYB]R7..Q(PH"],/H3TI53_('O&)5_DS9^''"SBIE#G5G_'9%?\UF
MM#L$+1\<8Q<H*H(.XVQW^<9R3+WG&N5RMW8&20:H.S>S>T&<D41(I3R<<N3U
M^O&&)[)_+O!2G!6<K5TD:K(5?*^4:3-PSJ,:QT2^C[A'7MB>*KRD+,+2"S=(
MIC`H55FJ`^K2E,)3LPXCR)7Y6VX^RIC>]U2"(LI-V:FWBL6>OPR;9NH[<*2L
MS"RCV.CB-VJ)U3BLH0")E$P[``CI2O*&R_B6QR]?KU>RECF>G[9"/[+58.%N
M]9E9BRUR+=F82=@K\:QDUWDQ"1SXAD5W;<BB"*I1(<P&#;2E5<=U'N=I</>)
M-FSEQ>LV!LU9"I^6\=X\L]8>VIO<XRMM+@\E6CT;#'T.TLIB'EDCQHE0*X52
M+U@8!*80V!2F9_U2WS]B57_AY/\`]PTI61^Y8>M5VK/?&SQC(AT\Q\'>YW1N
M6V-7[1(YI!N..;)DG]]&R*R?Y5-F:I+K/W!0\%/=J>_H#2E?8\H[VES]XO=X
M_NE+PTFQHJM)XO\`$/C6TF4C%6@ZO6,C8?O.8%VP*^**TC<)9N!C$\#`X7*/
MT:4JP"Z9JI.6\C]O'A)4N)W#'+6<ZYVY,.Y+D<W\\P5=XMQ_CVR8^J:C^KT2
MK-&#F4LUCE5(!%RX.W60,4A!#?RT'!TU*1[@IQM_U><1N\+PS@N1F+\#T8O,
M?'*V,)>GSDPVXS^_5+#;7#BG4EM89M.<4Q-D5:H,F[)`'"SQ9N@U5Z'1BF(J
MI3X<*5,,6O*_*_MI<D.W]PG@,U47BFQL$_DOBO`P5@Q!F;']3DZO+55A<XH8
MLDO%6=M<%XN9;(OUUEBOT#F\M`Y4A54JM[A<C5Z!_P!/7S&S1@-E3X?F<LC?
MZ1D:^4PT8CGV/X_+Y7QVC:TWKA@J6V-JQ&4V265(J8"(-43^<0Q3%`P*4TG$
MCAOD6\D[5G(/CI!=M[CW%8<LF+Y9[D_$>>;>?-G("DV2.B&F3\;9/B'6.8?]
MY\@V1$S\7L8Z>NE6TH=9JF8B6X@I7?\`9LX8\?<^\Y^YCG7+E0-=[+QQY^V>
M6P=&2,M+-:W0+NXR)=;.ZR,R@HU^SCWUS46K\8W(X=$6(FV:='08#CLI7L]E
M3,V+>$_,3N6\5.7EOKF&^0=VY"N;]7+-E&4956/R;4PE+B];#%6RP+,HYW[8
MA/I33%,5@]O0E%#H]9DE0*I5@/=AYP\;_P!Q>-&)*UB_C3S>L'(#DNRQUCEM
ME*]UV5XSXXR?4XZ&.M9<L3\3[_CA>5UAD9H)(TP`J"3PRQA)Y9`.I5+F+(B6
MQ'W0>>^+&2'%JGI6;M;Y\<Y8H/"EK8HCCT>U1E#1D8]%:O6%PN5*[Q3=RF=\
M*1$DR>T^"::BS@IE*^>%G%"E8[_Z?S-/._%M;F'_`#'GL#YOIT1E-"7GU['0
M,.(Y!5I5NI=!8-Y#W97H%G1(B0D%#MVQ7)7:ZZX*%'IZ5*5?EEA_MZ5'L4<.
M,E8;2QA'\JKM8L>M[E,5B<9?YHW69$MB=Y@@\BQC.0-(R,#4Y9LDHW3?H>3&
M*HLA;"GYX><I6JC2E6)5/C#QZHA\TJ4_#M"KQN1LC)2V=@C8%JB7*\E,-91C
M*O+L00,2;5D&<V[26%4!`Y'"@#X&'2E<@APQXD0/'F9XP-./F+V'&V05<R\W
MAQG5&W[C2#D)AO:7#UW7VZ9@>NS34>DZWV.H99(FVX@4-*4G.<:AV=\N\8<6
M<Q,\TOCE<N,&)ZE7(+%N7[74'BT!6*2RL"%&KE38(IQJ5A7K[&R)@P3AW395
M%%<%`,@7=0=*43;KQI[8D9'L,06_"6`&\3SOO<9*QU'1I"1X[.U[HM8F<AP\
MVBQA6)VQ'=2JR#R0;O1]D19(_94()B%%2F'XY\-.+'$9C.L.-6!L<8;3M"J"
MED=4VOHLY:?%L)S-4IF<<&=34DV:&5.*2*S@Z21CF$I0$1W4I<I_"/;Q[>LM
M*9UB..5!QI8>2F1*-QWM$_C_`!^F^>6Z8SU?8V$B:W.11%?=S*FS-M=H+2)$
MD4VA`#S#IF`-M*5P>2^&W:PX"P]GYRR'$7%5&?8;D(Z[*7&AX\]YV*M3,M/1
M]=93-.K:#DL;&R:<G.I@!V2*!D4S&,78`VTI3\8DX^8,PG(9"L6&\6T['4IF
M6SGO^3)&JPZ,4\O5M>G=NE;'9%$MS/Y95227,90WCU*F^G2E!'F=Q@X5YCH$
M_DGEUQRH^:8?%M5F+`M(/,9O;WD%E`0K9>4?1M71JD>YOLPH<"',C&,/-.X6
M-LFD8YMA4H>RG!+MRQO$=W0GW$S%*7&.&9R.?3X[4QXHS%C*EJ:<C(VU*,=@
MTLT=>'%:8D:KF,LB^,1,&RH[`)`4KW>,7%_M]7S&.*N0^`>,F+:M6,I<=6%8
MIDHVQVQJ=@7P1DV'-+N*9-L$0!=-I/,IHYI!%P959554XJG,?<=*4VN*\&8=
MP?C./PQB3&U0Q_BB*0F&K#'M<AFK.IMVU@>/'\XV"'$JC0[>6>2"ZCA,Q3$5
M,J;J`0$=*4IT;VH.VS#M;PRC>%''MLTR.O'KW)N%`C%$I7W5*I3<>V2*L"@1
M,>VED$W`-67L[85$R")!Z2[*4WW^3V+O^1:]_P`'_OZ4HDZ4KY`=A`=*5E:Q
MICV&O/)>3[-MMBS2>-L/<ZN2G+6TU-8@JQX<1KCB\F5,)Q)P,`H'B5>0'(H&
MR9!+TE5@!V#<FE*7R`SIR#F,4WZRT8).;SKV5^W!G7!KIX2+/,O*SRIL.3IC
M!X74(I1)<DY-P'&GC^I8DB'(<%"31>LIRG,4RE.4I8H#!N9N%D3Q2Y:Y=SG&
M\GN+G**T\DV%FY"6G-S:=JE0X\K7FE<EC(SL_/EQ+9D<JJMHY!U$A$LW8R!F
M2:'4B`$4H7Q5"EV?:R[<N<LA9@R[F'*/)/E3VH;UD*TY4R-8;BS:JERS5304
M33(26>+0U281L1+@W<&9)$<2RR(.GJCAP(J"I00YASM?REPO[GN:,V\F\D0O
M)6K<TL@8%@<)N<US,?3(?&E-SI3(7%^(&O'U66"JR4+:L>(HV'WL$6:2674-
M(D>E314#2E.'GNZYP3Y(\D>V97LTY1J5GYHYRX[9BX_W6+N,^A=<8\=KA0IR
M?Y-#CBP%>'D:U`4*SX`?-4$&9R(M/WG3(0I05V%2@XTY8YTY$\9N667664<@
MU.8X.]INV8<R?^[UPGJ\HUYVS2ET;Y*M3HT8_;"K=J!!899.&;Q01<QXV,QT
MC$,KN*E=%,VV-S-:N>:O)KE?E7%#WC;PCXW2_&ZO1V=)W',*>!R3Q75MMYS"
M^I[>781>;YFYY06<0ST)=O,(G!(&'E>:L32E"K$MTRSD1CP&XS+_`+TJXOC^
MT;Q^RIC"F5CEU+<-RV3*,T5Q7+MD-K<H"/<RF1Y_$T5&1:;*%.L=E$@].]7;
M+@N42*5I3X8%S2GQ5P.AR*M-8O&:VF.X5CD*Z4Z>96BNVV98`JR2LK&Q1S1A
M'S2LY&H(.7+E!!))5THH)2@&P:4IG-*5-*5-*5-*4H%6^=[*/RA?`NG_`'8^
M=K]?I_$[^"/[)_3>C2E>IQ[^)7,3Y./BFE\`/B-]W3_.!_$[^S^@=>E*1CM^
M_>;EE_)T_4\[\CGWA_.7WS$?X)_\5^D>?I2FV<_*CQ<^0_[T\;OSGY6OU]"?
M+%_BC_ZZ_3O9]*4EO)+YRLR_R4?@M_\`HWYI?U?&_%[^'O\`Z?Y&E*L&M'SH
M81^3OX+WG[T?.7^<_P#PI_!S]L_]YU:4H/UKX,<]OY<7Q"S!]V?@_P#J)/Y[
M?\??\V_H.VE*!_*;XZ\-OY0OW`8_,Q\7?S(_RP?P\_9W]_2E<ES0^4?B?_)N
M_5<1\SWRW?=Z-^5'_#W]C_RKRM*5;)Q\^!F(_@]\/*K\OGP-_5#7X2?P^_9?
,Z)T:4HP:4J:4K__9
`
end
</TEXT>
</DOCUMENT>
</SUBMISSION>
