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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>/in/edgar/work/20000609/0000950131-00-003843/0000950131-00-003843.txt : 20000919
<SEC-HEADER>0000950131-00-003843.hdr.sgml : 20000919
ACCESSION NUMBER:		0000950131-00-003843
CONFORMED SUBMISSION TYPE:	10-K/A
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	19991231
FILED AS OF DATE:		20000609

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CATERPILLAR INC
		CENTRAL INDEX KEY:			0000018230
		STANDARD INDUSTRIAL CLASSIFICATION:	 [3531
]		IRS NUMBER:				370602744
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231
</COMPANY-DATA>

		FILING VALUES:
			FORM TYPE:		10-K/A
			SEC ACT:		
			SEC FILE NUMBER:	001-00768
			FILM NUMBER:		652540
</FILING-VALUES>

			BUSINESS ADDRESS:	
				STREET 1:		100 NE ADAMS ST
				CITY:			PEORIA
				STATE:			IL
				ZIP:			61629-7310
				BUSINESS PHONE:		3096751000
</BUSINESS-ADDRESS>

				FORMER COMPANY:	
					FORMER CONFORMED NAME:	CATERPILLAR TRACTOR CO
					DATE OF NAME CHANGE:	19860623
</FORMER-COMPANY>
</FILER>
</SEC-HEADER>
<DOCUMENT>
<TYPE>10-K/A
<SEQUENCE>1
<FILENAME>0001.htm
<DESCRIPTION>FORM 10-K/A
<TEXT>

<HTML>
<HEAD>
 <TITLE>FORM 10-K/A</TITLE>
</HEAD>
<BODY BGCOLOR="#FFFFFF">
 <HR SIZE=5>  <P ALIGN=CENTER><FONT
 SIZE=3>SECURITIES AND EXCHANGE COMMISSION </FONT>
 <BR>
 <FONT
 SIZE=2>Washington, D.C. 20549 </FONT></P>
 <P ALIGN="center"><B>[CATERPILLAR LOGO]</B></P>
 <P ALIGN=CENTER><FONT
 SIZE=3><B>FORM 10-K/A</B></FONT></P>
 <H2 ALIGN=LEFT><FONT
 SIZE=2>(Mark One)</FONT></H2>

 <TABLE WIDTH=600 CELLPADDING=0 CELLSPACING=0>
  <TR VALIGN=TOP>
   <TD WIDTH=3%><FONT
   SIZE=2>[X] </FONT></TD>
   <TD WIDTH=3%><FONT
   SIZE=2></FONT></TD>
   <TD WIDTH=94%><FONT
   SIZE=2>ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
     EXCHANGE ACT OF 1934
   <BR>
   For the fiscal year ended December 31, 1999</FONT></TD>
  </TR>
 </TABLE>
 <BR>

 <TABLE WIDTH="600" CELLSPACING="0" CELLPADDING="0" BORDER="0">
  <TR VALIGN=TOP>
   <TD>  <P ALIGN=CENTER><FONT
   SIZE=2>OR </FONT></P>

   <BR>
   </TD>
  </TR>
 </TABLE>

 <TABLE WIDTH="600" CELLPADDING="0" CELLSPACING="0">
  <TR VALIGN=TOP>
   <TD WIDTH=3%><FONT
   SIZE=2>[&nbsp;&nbsp;&nbsp;]</FONT></TD>
   <TD WIDTH=3%><FONT
   SIZE=2></FONT></TD>
   <TD WIDTH=94%><FONT
   SIZE=2> TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
     EXCHANGE ACT OF 1934
   <BR>
   For the transition period from __________ to __________.</FONT></TD>
  </TR>
 </TABLE>
 <BR>

 <TABLE WIDTH="600" CELLSPACING="0" CELLPADDING="0" BORDER="0">
  <TR VALIGN=TOP>
   <TD>  <P ALIGN=CENTER><FONT
   SIZE=2>Commission File No. 1-768 </FONT></P>
   <P ALIGN=CENTER><FONT
   SIZE=4><B>CATERPILLAR INC.</B></FONT>
   <BR>
   <FONT
   SIZE=2>(Exact name of Registrant as specified in its charter) </FONT></P>
   <P ALIGN=CENTER><FONT
   SIZE=2>Delaware </FONT>
   <BR>
   <FONT
   SIZE=2>(State or other jurisdiction of incorporation) </FONT></P>
  </TABLE>

  <TABLE WIDTH="600" CELLPADDING="0" CELLSPACING="0" BORDER="0">
   <TR VALIGN=TOP>
    <TD ALIGN=CENTER WIDTH=50%><FONT
    SIZE=2>1-768
    <BR>
    (Commission File Number)
    <BR>

    <BR>
    100 NE Adams Street, Peoria, Illinois
    <BR>
    (Address of principal executive offices)</FONT></TD>
    <TD ALIGN=CENTER WIDTH=50%><FONT
    SIZE=2>37-0602744
    <BR>
    (IRS Employer I.D. No.)
    <BR>

    <BR>
    61629
    <BR>
    (Zip Code)</FONT></TD>
   </TR>
  </TABLE>
  <BR>
  <TABLE WIDTH="600" CELLSPACING="0" CELLPADDING="0" BORDER="0">
   <TR VALIGN=TOP>
    <TD>  <P ALIGN=CENTER><FONT
    SIZE=2>Registrant&#146;s telephone number, including area code: (309)
      675-1000 </FONT></P>
    <HR SIZE=5>  </TD>
   </TR>
  </TABLE>

  <TABLE WIDTH="600" CELLSPACING="0" CELLPADDING="0" BORDER="0">
   <TR VALIGN=TOP>
    <TD> <HR SIZE=5 NOSHADE>  <P><FONT
    SIZE=2>Securities registered pursuant to Section 12(b) of the Act:
      </FONT></P>
    </TD>
   </TR>
  </TABLE>
  <BR>

  <TABLE WIDTH="75%" CELLPADDING="0" CELLSPACING="0">
   <TR VALIGN=TOP>
    <TD ALIGN="LEFT" WIDTH="5%"><FONT
    SIZE=2></FONT></TD>
    <TD ALIGN="LEFT" WIDTH="43%"><FONT
    SIZE=2>
    <BR>
    <B>Title of each class</B>
    <BR>
    </FONT> <HR SIZE=1 WIDTH=90%> <FONT
    SIZE=2> Common Stock ($1.00 par value)
    <BR>

    <BR>

    <BR>
    Preferred Stock Purchase Rights
    <BR>

    <BR>

    <BR>
    9 3/8% Notes due July 15, 2000
    <BR>
    9 3/8% Notes due July 15, 2001
    <BR>
    9% Debentures due April 15, 2006
    <BR>
    6% Debentures due May 1, 2007
    <BR>
    9 3/8% Debentures due August 15, 2011
    <BR>
    9 3/4% Sinking Fund Debentures due &nbsp;June 1, 2019
    <BR>
    9 3/8% Debentures due March 15, 2021
    <BR>
    8% Debentures due February 15, 2023</FONT></TD>
    <TD ALIGN="LEFT" WIDTH="5%"><FONT
    SIZE=2></FONT></TD>
    <TD ALIGN="LEFT" WIDTH="42%"><FONT
    SIZE=2><B>Name of each exchange
    <BR>
    on which registered</B>
    <BR>
    </FONT> <HR SIZE=1 WIDTH=90%> <FONT
    SIZE=2> Chicago Stock Exchange
    <BR>
    New York Stock Exchange
    <BR>
    Pacific Exchange, Inc.
    <BR>
    Chicago Stock Exchange
    <BR>
    New York Stock Exchange
    <BR>
    Pacific Exchange, Inc.
    <BR>
    New York Stock Exchange
    <BR>
    New York Stock Exchange
    <BR>
    New York Stock Exchange
    <BR>
    New York Stock Exchange
    <BR>
    New York Stock Exchange
    <BR>
    New York Stock Exchange
    <BR>
    New York Stock Exchange
    <BR>
    New York Stock Exchange</FONT></TD>
    <TD ALIGN="LEFT" WIDTH="5%"><FONT
    SIZE=2></FONT></TD>
   </TR>
  </TABLE>
  <BR>

  <TABLE WIDTH="600" CELLSPACING="0" CELLPADDING="0" BORDER="0">
   <TR VALIGN=TOP>
    <TD>  <P><FONT
    SIZE=2>Securities registered pursuant to Section 12(g) of the
      Act:&nbsp;&nbsp;&nbsp;NONE </FONT></P>
    <P><FONT
    SIZE=2>Indicate by check mark whether the Registrant (1) has filed all
      reports required to be filed by Section 13 or 15(d) of the Securities
      Exchange Act of 1934 during the preceding 12 months (or for such shorter
      period that the Registrant was required to file such reports), and (2)
      has been subject to such filing requirements for the past 90
      days.&nbsp;&nbsp;&nbsp;Yes |X| No |_|. </FONT></P>
    <P><FONT
    SIZE=2>Indicate by check mark if disclosure of delinquent filers pursuant
      to Item 405 of Regulation S-K is not contained herein, and will not be
      contained, to the best of Registrant&#146;s knowledge, in definitive
      proxy or information statements incorporated by reference in Part III of
      this Form 10-K or any amendment to this Form 10-K.&nbsp;&nbsp;&nbsp;|_|
      </FONT></P>
    <P><FONT
    SIZE=2>As of December 31, 1999, there were 353,777,881 shares of common
      stock of the Registrant outstanding, and the aggregate market value of
      the voting stock held by non-affiliates of the Registrant (assuming only
      for purposes of this computation that directors and officers may be
      affiliates) was $16,432,866,117. </FONT></P>

    <A NAME="A009"></A>
    <H2 ALIGN=LEFT><FONT
    SIZE=2>Documents Incorporated by Reference</FONT></H2>
    <P><FONT
    SIZE=2>NONE.</FONT></P>
    <P><FONT
    SIZE=2>The undersigned registrant hereby amends its Form 10-K filed with
      the Securities and Exchange Commission for the year ended December 31,
      1999 to reflect the inclusion of the name and signature of auditor,
      PriceWaterhouseCoopers, to the three Reports and Consents of Independent
      Accountants in connection with the incorporation of
      PriceWaterhouseCoopers' report related to the financial statements of the
      Company's Employee Investment Plan, Tax Deferred Savings Plan, and Solar
      Turbines Incorporated Savings and Investment Plan which were included in
      the Amended Annual Report on Form 11-K.</FONT></P>
    <P>&nbsp;</P>
    </TD>
   </TR>
  </TABLE>

  <TABLE WIDTH="600" CELLSPACING="0" CELLPADDING="0" BORDER="0">
   <TR VALIGN=TOP>
    <TD>  <HR SIZE=5>  </TD>
   </TR>
  </TABLE>

  <TABLE WIDTH=600 CELLSPACING=0 CELLPADDING=0 BORDER=0>
   <TR VALIGN=TOP>
    <TD> <HR SIZE=5 NOSHADE>
    <A NAME="A010"></A>
    <H1 ALIGN=CENTER><FONT
    SIZE=2>TABLE OF CONTENTS</FONT></H1>
    </TD>
   </TR>
  </TABLE>
  <TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="599">
   <TR VALIGN="BOTTOM">
    <TH COLSPAN="2"></TH>
    <TH COLSPAN="2"></TH>
    <TH COLSPAN="2"></TH>
    <TH COLSPAN="2"><FONT
    SIZE="2">Page</FONT></TH>
   </TR>
   <TR VALIGN="BOTTOM">
    <TD>&nbsp;</TD>
   </TR>
   <TR VALIGN="BOTTOM">
    <TD ALIGN="LEFT"><FONT
    SIZE="2">Part IV</FONT></TD>
    <TD ALIGN="LEFT"><FONT
    SIZE="2">&nbsp;</FONT></TD>
    <TD ALIGN="LEFT"><FONT
    SIZE="2">Item 14.</FONT></TD>
    <TD ALIGN="LEFT"><FONT
    SIZE="2">&nbsp;</FONT></TD>
    <TD ALIGN="LEFT"><FONT
    SIZE="2">Exhibits, Financial Statement Schedules,</FONT></TD>
    <TD ALIGN="LEFT"><FONT
    SIZE="2">&nbsp;</FONT></TD>
   </TR>
   <TR VALIGN="BOTTOM">
    <TD ALIGN="LEFT"><FONT
    SIZE="2">&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD ALIGN="LEFT"><FONT
    SIZE="2">&nbsp;</FONT></TD>
    <TD ALIGN="LEFT"><FONT
    SIZE="2"></FONT></TD>
    <TD ALIGN="LEFT"><FONT
    SIZE="2">&nbsp;</FONT></TD>
    <TD ALIGN="LEFT"><FONT
    SIZE="2">&nbsp;&nbsp;&nbsp;and Reports on Form 8-K</FONT></TD>
    <TD ALIGN="LEFT"><FONT
    SIZE="2">&nbsp;</FONT></TD>
    <TD ALIGN="RIGHT">&nbsp;</TD>
    <TD ALIGN="LEFT"><FONT
    SIZE="2">&nbsp;</FONT></TD>
   </TR>
  </TABLE>
 </BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-21
<SEQUENCE>2
<FILENAME>0002.htm
<DESCRIPTION>SUBSIDIARIES OF THE REGISTRANT
<TEXT>

<HTML>
<HEAD>
 <TITLE>SUBSIDIARIES OF THE REGISTRANT</TITLE>
</HEAD>
<BODY BGCOLOR="#FFFFFF">
 <P> <UL> <P ALIGN="RIGHT"><B><FONT
 FACE="TimesNewRomanPS">EXHIBIT 21</FONT></B></P>
 <P ALIGN="CENTER"><B><FONT
 FACE="TimesNewRomanPS" SIZE="+1">CATERPILLAR INC.
 <BR>
 </FONT></B><B><FONT
 FACE="TimesNewRomanPS">SUBSIDIARIES AND AFFILIATES
 <BR>
 </FONT></B><B><FONT
 FACE="TimesNewRomanPS">(as of December 31, 1999)</FONT></B></P>
 <P ALIGN="CENTER">&nbsp;</P>

 <TABLE WIDTH="85%" BORDER="0" CELLPADDING="0" CELLSPACING="0">
  <TR VALIGN="bottom">
   <TD WIDTH="72%"> <DIV ALIGN="left"><FONT
   SIZE="1"><B><FONT
   FACE="TimesNewRomanPS">Name of Company</FONT></B></FONT></DIV>
   </TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   SIZE="1"><B><FONT
   FACE="TimesNewRomanPS">Where Organized</FONT></B> </FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">A.S.V., Inc. </FONT></TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Minnesota</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Aceros Fundidos Internacionales LLC
     </FONT></TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Delaware</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Advanced Filtration Systems Inc.</FONT></TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Delaware</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Aishin Co. </FONT></TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Japan</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Aiwa Co., Ltd.</FONT></TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2"> Japan</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Akashi GS Co., Ltd. </FONT></TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Japan</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Akira Shoji Co., Ltd. </FONT></TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Japan</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">All Parts International Inc. </FONT></TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Delaware</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Amur Machinery and Services
     L.L.C.</FONT></TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2"> Russia</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Anchor Coupling Inc.</FONT></TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2"> Delaware</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Aquila Mining Systems Ltd.</FONT></TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2"> Canada</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">AsiaTrak (Tianjin) Ltd. </FONT></TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">China</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Asset Works Pty Limited </FONT></TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Australia</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Automotive Development Holdings B.V.
     </FONT></TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Netherlands</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Bio-Energy Partners</FONT></TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2"> Illinois</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Brown Group Holdings Limited </FONT></TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">England and Wales</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Canadian Diesel Power Inc.</FONT></TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Canada</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Carter Machinery Company, Incorporated
     </FONT></TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Delaware</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar (Africa) (Proprietary) Limited
     </FONT></TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">South Africa</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar (China) Investment Co., Ltd.
     </FONT></TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">China</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar (HK) Limited</FONT></TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2"> Hong Kong</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar (Thailand) Limited </FONT></TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Thailand</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar (U.K.) Limited </FONT></TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">England</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Administracao e Participacoes
     S/C Ltda. </FONT></TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Brazil</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Agricultural Products Inc.
     </FONT></TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Delaware</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Americas Co.</FONT></TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2"> Delaware</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Americas Funding Inc.</FONT></TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2"> Delaware</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Americas Services, Inc.
     </FONT></TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Delaware</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Andes S.A. </FONT></TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Chile</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Arrendadora Financiera, S.A. de
     C.V.</FONT></TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2"> Mexico</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Asia Limited </FONT></TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Hong Kong</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Asia Pacific Holding
     Inc.</FONT></TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2"> Delaware</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Asia Pte. Ltd. </FONT></TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Singapore</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Asset Management Pty. Limited
     </FONT></TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Australia</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Assurance Company Limited
     </FONT></TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Grand Cayman Island</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Belgium S.A. </FONT></TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Belgium</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Brasil Ltda. </FONT></TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Brazil</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Centro de Demostraciones y
     Desarrollo, S.L. </FONT></TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Spain</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar China Limited</FONT></TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2"> Hong Kong</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Claas America LLC </FONT></TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Delaware</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar CMC, LLC </FONT></TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Delaware</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"><FONT
   SIZE="2"></FONT></TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   SIZE="2"></FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"><FONT
   SIZE="2"></FONT></TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   SIZE="2"></FONT></DIV>
   </TD>
  </TR>
 </TABLE>
 </UL>
 <TR>
  <TD VALIGN="TOP" WIDTH="468">&nbsp;</TD>
  <TD VALIGN="TOP" WIDTH="150"> <UL> <P ALIGN="RIGHT"><B></B></P>
  </UL>
  </TD>
 </TR>
 <TR>
  <TD COLSPAN="2" VALIGN="TOP" WIDTH="618">&nbsp;</TD>
 </TR>
 <TR>
  <TD COLSPAN="2" VALIGN="TOP" WIDTH="618">&nbsp; </TD>
 </TR>
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  <TD COLSPAN="2" VALIGN="TOP" WIDTH="618">&nbsp;</TD>
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  <TD COLSPAN="2" VALIGN="TOP" WIDTH="618">&nbsp;</TD>
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  <TD COLSPAN="2" VALIGN="TOP" WIDTH="618">&nbsp;</TD>
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  <TD COLSPAN="2" VALIGN="TOP" WIDTH="618">&nbsp;</TD>
 </TR>
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  <TD COLSPAN="2" VALIGN="TOP" WIDTH="618">&nbsp;</TD>
 </TR>
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  <TD COLSPAN="2" VALIGN="TOP" WIDTH="618">&nbsp;</TD>
 </TR>
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  <TD COLSPAN="2" VALIGN="TOP" WIDTH="618">&nbsp;</TD>
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  <TD COLSPAN="2" VALIGN="TOP" WIDTH="618">&nbsp;</TD>
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  <TD COLSPAN="2" VALIGN="TOP" WIDTH="618">&nbsp;</TD>
 </TR>
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  <TD COLSPAN="2" VALIGN="TOP" WIDTH="618">&nbsp;</TD>
 </TR>
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  <TD COLSPAN="2" VALIGN="TOP" WIDTH="618">&nbsp;</TD>
 </TR>
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  <TD COLSPAN="2" VALIGN="TOP" WIDTH="618">&nbsp;</TD>
 </TR>
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  <TD COLSPAN="2" VALIGN="TOP" WIDTH="618">&nbsp;</TD>
 </TR>
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  <TD COLSPAN="2" VALIGN="TOP" WIDTH="618">&nbsp;</TD>
 </TR>
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  <TD COLSPAN="2" VALIGN="TOP" WIDTH="618">&nbsp;</TD>
 </TR>
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  <TD COLSPAN="2" VALIGN="TOP" WIDTH="618">&nbsp;</TD>
 </TR>
 <TR>
  <TD COLSPAN="2" VALIGN="TOP" WIDTH="618">&nbsp;</TD>
 </TR>
 <TR>
  <TD COLSPAN="2" VALIGN="TOP" WIDTH="618">&nbsp;</TD>
 </TR>
 <TR>
  <TD COLSPAN="2" VALIGN="TOP" WIDTH="618"> <UL> <P>&nbsp;</P>
  </UL>
  </TD>
 </TR>
 <TR>
  <TD COLSPAN="2" VALIGN="TOP" WIDTH="618">&nbsp;</TD>
 </TR>

 <TABLE WIDTH="85%" BORDER="0" CELLPADDING="0" CELLSPACING="0">
  <TR VALIGN="bottom">
   <TD WIDTH="72%"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Caterpillar Commercial AO
     </FONT></DIV>
   </TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Russia</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Caterpillar Commercial Holding
     S.A. </FONT></DIV>
   </TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Switzerland</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Caterpillar Commercial
     LLC</FONT></DIV>
   </TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   SIZE="2" FACE="Times New Roman, Times, serif">Delaware</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Caterpillar Commercial N.V.
     </FONT></DIV>
   </TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Belgium</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Caterpillar Commercial
     Northern Europe Limited </FONT></DIV>
   </TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">England and Wales</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Caterpillar Commercial
     S.A.R.L. </FONT></DIV>
   </TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">France</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Caterpillar Commercial
     Services Ltd. </FONT></DIV>
   </TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Canada</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"><FONT
   SIZE="2">Caterpillar Commerciale S.R.L.</FONT></TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   SIZE="2">Italy</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Caterpillar Corporativo
     Mexico, S. de R.L. de C.V. </FONT></DIV>
   </TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Mexico</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Caterpillar Credit Services
     Asia Pte. Ltd. </FONT></DIV>
   </TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Singapore</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Caterpillar Credito, S.A. de
     C.V. </FONT></DIV>
   </TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Mexico</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"><FONT
   SIZE="2">Caterpillar Distribution Services Europe B.V.B.A.</FONT></TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   SIZE="2">Belgium</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"><FONT
   SIZE="2">Caterpillar Elphinstone Pty. Ltd.</FONT></TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   SIZE="2">Australia</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Caterpillar Energy Company
     S.A. </FONT></DIV>
   </TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Guatemala</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"> <DIV ALIGN="left"><FONT
   SIZE="2" FACE="Times New Roman, Times, serif">Caterpillar EPG Limited
     </FONT></DIV>
   </TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   SIZE="2" FACE="Times New Roman, Times, serif">England and Wales</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Caterpillar Export Limited
     </FONT></DIV>
   </TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">US Virgin Islands</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"><FONT
   SIZE="2" FACE="Times New Roman, Times, serif">Caterpillar Factoraje
     Financiero, S.A. de C.V.</FONT></TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   SIZE="2" FACE="Times New Roman, Times, serif">Mexico</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Caterpillar Finance France
     S.A.</FONT></DIV>
   </TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">France</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Caterpillar Finance S.R.O.
     </FONT></DIV>
   </TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Czech Republic</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Caterpillar Financial Asset
     Sales Corporation </FONT></DIV>
   </TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Nevada</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Caterpillar Financial
     Australia Limited </FONT></DIV>
   </TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Australia</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Caterpillar Financial
     Corporacion Financiera, S.A. </FONT></DIV>
   </TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Spain</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"><FONT
   SIZE="2" FACE="Times New Roman, Times, serif">Caterpillar Financial Funding
     Corporation</FONT></TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   SIZE="2" FACE="Times New Roman, Times, serif">Nevada</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Caterpillar Financial Member
     Company</FONT></DIV>
   </TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Delaware</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Caterpillar Financial Nordic
     Services A.B. </FONT></DIV>
   </TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Sweden</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Caterpillar Financial Nova
     Scotia Corporation </FONT></DIV>
   </TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Canada</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Caterpillar Financial
     Receivables Corporation </FONT></DIV>
   </TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Nevada</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Caterpillar Financial Renting,
     S.A. </FONT></DIV>
   </TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Spain</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Caterpillar Financial S.A.
     Arrendamento Mercantil </FONT></DIV>
   </TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Brazil</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Caterpillar Financial S.A.
     Credito, Financiamento e Investimento </FONT></DIV>
   </TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Brazil</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD HEIGHT="2" WIDTH="72%"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Caterpillar Financial Services
     (Ireland) plc </FONT></DIV>
   </TD>
   <TD HEIGHT="2" WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Ireland</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Caterpillar Financial Services
     (UK) Limited </FONT></DIV>
   </TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">England</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Caterpillar Financial Services
     Corporation </FONT></DIV>
   </TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Delaware</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Caterpillar Financial Services
     CR, s.r.o. </FONT></DIV>
   </TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Czech Republic</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Caterpillar Financial Services
     GmbH &amp; Co. KG </FONT></DIV>
   </TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Germany</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Caterpillar Financial Services
     Korea, Ltd. </FONT></DIV>
   </TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Korea</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Caterpillar Financial Services
     Limited </FONT></DIV>
   </TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Canada</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Caterpillar Financial Services
     Malaysia Sdn Bhd </FONT></DIV>
   </TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Malaysia</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Caterpillar Financial Services
     Philippines Inc. </FONT></DIV>
   </TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Philippines</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Caterpillar Financial Services
     Poland Sp. zo.o. </FONT></DIV>
   </TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Poland</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Caterpillar Financial Services
     Verwaltungs GmbH </FONT></DIV>
   </TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Germany</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"><FONT
   SIZE="2">Caterpillar Forest Products Inc.</FONT></TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   SIZE="2">Delaware</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Caterpillar Formacion Tecnica,
     S. L. </FONT></DIV>
   </TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Spain</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Caterpillar France S.A.
     </FONT></DIV>
   </TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">France</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Caterpillar GB, L.L.C.
     </FONT></DIV>
   </TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Delaware</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Caterpillar Group Limited
     </FONT></DIV>
   </TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">England and Wales</FONT></DIV>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="72%"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Caterpillar Group Services
     N.V.</FONT></DIV>
   </TD>
   <TD WIDTH="19%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2"> Belgium</FONT></DIV>
   </TD>
  </TR>
 </TABLE>

 <TABLE WIDTH="75%" BORDER="0" CELLSPACING="0" CELLPADDING="0">
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Holding (France) S.A.R.L.
     </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">France</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Holding (Spain) S.L. </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Spain</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Holding (Suisse)
     S.A.R.L.</FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2"> Switzerland</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Holding Germany GmbH </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Germany</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Hungary Ltd. </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Hungary</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Impact Products Limited
     </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">United Kingdom</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar India Private Limited
     </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">India</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Industrial Inc. </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Ohio</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD> <DIV ALIGN="left"><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Industrial Products,
     Inc.</FONT></DIV>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2"> Delaware</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD> <DIV ALIGN="left"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Caterpillar Insurance Co.
     Ltd.</FONT></DIV>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Bermuda</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Insurance Services Corporation
     </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Tennessee</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar International Finance plc
     </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Ireland</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar International Funding S.A.R.L.
     </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Switzerland</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar International Holding S.A.R.L.
     </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Switzerland</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar International Investments
     S.A.R.L.</FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2"> Switzerland</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar International Leasing L.L.C.
     </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Delaware</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar International Services
     Corporation </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Nevada</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar International Services del Peru
     S.A.</FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Peru</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Investment Company</FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2"> England and Wales</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Investment Management
     Ltd.</FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2"> Delaware</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Leasing (Thailand) Limited
     </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Thailand</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Leasing Chile, S.A. </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Chile</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Leasing GmbH </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Germany</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Logistics N.V.</FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2"> Belgium</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Logistics Services (France) SARL
     </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">France</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Logistics Services (UK) Limited
     </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">England and Wales</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Logistics Services Germany GmbH
     &amp; Co. KG </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Germany</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Logistics Services Germany
     Verwaltungs GmbH </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Germany</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Logistics Services International
     N.V.</FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2"> Belgium</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Logistics Services Limited
     </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">England and Wales</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Logistics Services Spain,
     S.A.</FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2"> Spain</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Logistics Services, Inc.
     </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Delaware</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Materiels Routiers S.A.
     </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">France</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Mexico, S.A. de C.V.</FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2"> Mexico</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar MHI Marketing Ltd. </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Japan</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar New Zealand Depositary Company
     </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Netherlands</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar New Zealand Funding Company
     </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Netherlands</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar NZ Funding LLC </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Delaware</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar NZ Funding Parent Limited
     </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Netherlands</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar of Australia Ltd. </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Australia</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar of Canada Ltd. </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Canada</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar of Delaware, Inc. </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Delaware</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Overseas Credit Corporation S.A.
     </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Switzerland</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Overseas S.A. </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Switzerland</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Paving Products Inc.</FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2"> Oklahoma</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Peterlee Limited</FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2"> England</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Poland Sp. zo.o. </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Poland</FONT></DIV>
   </TD>
  </TR>
 </TABLE>
 <UL> <P><FONT
 FACE="Times New Roman"></FONT></P>
 </UL>
 <TABLE WIDTH="85%" BORDER="0">
  <TR>
   <TD VALIGN="bottom"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Power Systems Inc.</FONT></DIV>
   </TD>
   <TD VALIGN="bottom"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2"> Delaware</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD VALIGN="bottom"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Power Systems y Compania
     Limitada </FONT></DIV>
   </TD>
   <TD VALIGN="bottom"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Nicaragua</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD VALIGN="bottom"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Power Ventures Corporation
     </FONT></DIV>
   </TD>
   <TD VALIGN="bottom"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Delaware</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD VALIGN="bottom"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Power Ventures International
     Mauritius Ltd.</FONT></DIV>
   </TD>
   <TD VALIGN="bottom"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2"> Mauritius</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD VALIGN="bottom"><FONT
   SIZE="2">Caterpillar Power Ventures International, Ltd.</FONT></TD>
   <TD VALIGN="bottom"> <DIV ALIGN="right"><FONT
   SIZE="2">Bermuda</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD VALIGN="bottom"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Redistribution Services Inc.
     </FONT></DIV>
   </TD>
   <TD VALIGN="bottom"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Delaware</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD VALIGN="bottom"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Redistribution Services
     International S.A.R.L.</FONT></DIV>
   </TD>
   <TD VALIGN="bottom"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2"> Switzerland</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD VALIGN="bottom"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Rental Services Network Inc.
     </FONT></DIV>
   </TD>
   <TD VALIGN="bottom"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Delaware</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD VALIGN="bottom"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar S.A.R.L. </FONT></DIV>
   </TD>
   <TD VALIGN="bottom"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Switzerland</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD VALIGN="bottom"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Securities Inc. </FONT></DIV>
   </TD>
   <TD VALIGN="bottom"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Delaware</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD VALIGN="bottom"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Services Limited </FONT></DIV>
   </TD>
   <TD VALIGN="bottom"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Delaware</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD VALIGN="bottom"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Servicios Mexico S. de R.L. de
     C.V. </FONT></DIV>
   </TD>
   <TD VALIGN="bottom"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Mexico</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD VALIGN="bottom"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Skinningrove Limited
     </FONT></DIV>
   </TD>
   <TD VALIGN="bottom"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">England and Wales</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD VALIGN="bottom"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Stockton Limited </FONT></DIV>
   </TD>
   <TD VALIGN="bottom"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">England and Wales</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD VALIGN="bottom"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Technical Services&#151;Europe
     Limited </FONT></DIV>
   </TD>
   <TD VALIGN="bottom"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">England</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD HEIGHT="16" VALIGN="bottom"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Torreon S. de R.L. de C.V.
     </FONT></DIV>
   </TD>
   <TD HEIGHT="16" VALIGN="bottom"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Mexico</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD VALIGN="bottom"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Tosno L.L.C. </FONT></DIV>
   </TD>
   <TD VALIGN="bottom"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Russia</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD VALIGN="bottom"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Transmissions (France)
     SARL</FONT></DIV>
   </TD>
   <TD VALIGN="bottom"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2"> France</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD VALIGN="bottom"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar UK Holdings Limited </FONT></DIV>
   </TD>
   <TD VALIGN="bottom"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">England and Wales</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD VALIGN="bottom"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Waco Inc.</FONT></DIV>
   </TD>
   <TD VALIGN="bottom"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2"> Delaware</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD VALIGN="bottom"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Work Tools B.V. </FONT></DIV>
   </TD>
   <TD VALIGN="bottom"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Netherlands</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD VALIGN="bottom"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Work Tools Canada Ltd.
     </FONT></DIV>
   </TD>
   <TD VALIGN="bottom"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Canada</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD VALIGN="bottom"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Work Tools GmbH &amp; Co. KG
     </FONT></DIV>
   </TD>
   <TD VALIGN="bottom"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Germany</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD VALIGN="bottom"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Work Tools Verwaltungs-GmbH
     </FONT></DIV>
   </TD>
   <TD VALIGN="bottom"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Germany</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD VALIGN="bottom"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Work Tools, Inc.</FONT></DIV>
   </TD>
   <TD VALIGN="bottom"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2"> Kansas</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD VALIGN="bottom"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar World Trading
     Corporation</FONT></DIV>
   </TD>
   <TD VALIGN="bottom"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2"> Delaware</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD VALIGN="bottom"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman" SIZE="2">Caterpillar Xuzhou Ltd. </FONT></DIV>
   </TD>
   <TD VALIGN="bottom"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">China</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD VALIGN="bottom"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman" SIZE="2">Chugoku Caterpillar Mitsubishi Construction
     Equipment Sales, Ltd. </FONT></DIV>
   </TD>
   <TD VALIGN="bottom"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Japan</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD VALIGN="bottom"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman" SIZE="2">Claas Caterpillar Europe GmbH &amp; Co. KG
     </FONT></DIV>
   </TD>
   <TD VALIGN="bottom"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Germany</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD VALIGN="bottom"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman" SIZE="2">Claas Caterpillar Europe Verwaltungs GmbH
     </FONT></DIV>
   </TD>
   <TD VALIGN="bottom"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Germany</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD VALIGN="bottom"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman" SIZE="2">Clean World Co.</FONT></DIV>
   </TD>
   <TD VALIGN="bottom"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2"> Japan</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD VALIGN="bottom"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman" SIZE="2">CM Custom Product Co., Ltd. </FONT></DIV>
   </TD>
   <TD VALIGN="bottom"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Japan</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD VALIGN="bottom"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman" SIZE="2">CM Human Services Co., Ltd. </FONT></DIV>
   </TD>
   <TD VALIGN="bottom"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Japan</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD VALIGN="bottom"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman" SIZE="2">CM Logistics Services Co., Ltd.</FONT></DIV>
   </TD>
   <TD VALIGN="bottom"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2"> Japan</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD VALIGN="bottom"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman" SIZE="2">CMEC Co., Ltd. </FONT></DIV>
   </TD>
   <TD VALIGN="bottom"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Japan</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD VALIGN="bottom"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman" SIZE="2">Cyclean, Inc. </FONT></DIV>
   </TD>
   <TD VALIGN="bottom"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Delaware</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD VALIGN="bottom"> <P ALIGN="left"><FONT
   FACE="Times New Roman" SIZE="2">Depositary (Bermuda) Limited </FONT></P>
   </TD>
   <TD VALIGN="bottom"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Bermuda</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD VALIGN="bottom"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman" SIZE="2">Dia Rental Hokuriku Co., Ltd. </FONT></DIV>
   </TD>
   <TD VALIGN="bottom"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Japan</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD VALIGN="bottom"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman" SIZE="2">Diamond Office Management Co.,
     Ltd.</FONT></DIV>
   </TD>
   <TD VALIGN="bottom"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2"> Japan</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD VALIGN="bottom"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman" SIZE="2">Diesel Sales and Services Merwedehaven B.V.
     </FONT></DIV>
   </TD>
   <TD VALIGN="bottom"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Netherlands</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD VALIGN="bottom"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman" SIZE="2">Dorman Diesels Limited </FONT></DIV>
   </TD>
   <TD VALIGN="bottom"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">England and Wales</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD VALIGN="bottom"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman" SIZE="2">DUECOSA Limited </FONT></DIV>
   </TD>
   <TD VALIGN="bottom"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Channel Islands</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD VALIGN="bottom"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman" SIZE="2">Earthmoving Resources Corporation
     </FONT></DIV>
   </TD>
   <TD VALIGN="bottom"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Japan</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD VALIGN="bottom"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman" SIZE="2">East Kanto Caterpillar Mitsubishi
     Construction Equipment Sales, Ltd. </FONT></DIV>
   </TD>
   <TD VALIGN="bottom"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Japan</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD VALIGN="bottom"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman" SIZE="2">EDC European Excavator Design Center GmbH
     &amp; Co. KG </FONT></DIV>
   </TD>
   <TD VALIGN="bottom"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Germany</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD VALIGN="bottom"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman" SIZE="2">EDC European Excavator Design Center
     Verwaltungs GmbH</FONT></DIV>
   </TD>
   <TD VALIGN="bottom"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Germany</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD VALIGN="bottom"> <DIV ALIGN="left"><FONT
   FACE="Times New Roman" SIZE="2">Elphinstone Commercial Services Ltd.
     </FONT></DIV>
   </TD>
   <TD VALIGN="bottom"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Canada</FONT></DIV>
   </TD>
  </TR>
 </TABLE>
 <P>&nbsp;</P>

 <TABLE WIDTH="85%" BORDER="0" CELLSPACING="0" CELLPADDING="0">
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">EMC Testing Inc. </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Delaware</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Energy Services International Group, Ltd.
     </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Delaware</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Energy Services International
     Limited</FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Bermuda</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD> <DIV ALIGN="left"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Ensambladora Tecnologica de
     Mexico, S.A. de C.V.</FONT></DIV>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Mexico</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD> <DIV ALIGN="left"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">ENTECO SERVICIOS</FONT></DIV>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman, Times, serif" SIZE="2">Mexico</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">ESI do Brasil Ltda. </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Brazil</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Everton Engineering (N.I.) Limited
     </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Northern Ireland</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">F. M. K. Co., Ltd. </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Japan</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">F. Perkins Limited </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">England and Wales</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">F.G. Wilson (Engineering) HK
     Limited</FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2"> Hong Kong</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">F.G. Wilson (Engineering) Limited
     </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Northern Ireland</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">F.G. Wilson (Proprietary) Limited
     </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">South Africa</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">F.G. Wilson (USA) LLC </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Delaware</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">F.G. Wilson Australia PTY Limited
     </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Australia</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">F.G. Wilson Engineering (Dublin) Limited
     </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Ireland</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">F.G. Wilson Engineering Vertriebs-GmbH
     </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Germany</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">F.G. Wilson Incorporated </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Delaware</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">F.G. Wilson S.A. </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">France</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">F.G. Wilson Singapore Pte Limited
     </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Singapore</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">F.G. Wilson Technology India Pvt. Ltd.
     </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">India</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Financieringsmaatschappij Boiler B.V.
     </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Netherlands</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">FMS Equipment Rentals Inc. </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Delaware</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Forchester del Peru S.R.L. </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Peru</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Forchester do Brasil Ltda. </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Brazil</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Forchester International Sociedad Anonima
     </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Uruguay</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Genrent Limited </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Northern Ireland</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Germanischer Lloyd AG </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Germany</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">GFCM Servicios, S.A. de C.V.</FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Mexico</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Grupo Financiero Caterpillar Mexico, S.A. de
     C.V. </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Mexico</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Guangzhou MaK Diesel Engine Ltd. </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">China</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Hama-rental Co.</FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2"> Japan</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Heroco B.V. </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Netherlands</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Hindustan Powerplus Limited </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">India</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Hokkaido Caterpillar Mitsubishi Construction
     Equipment Sales, Ltd. </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Japan</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Hokken Service Co. </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Japan</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Hokuriku Caterpillar Mitsubishi Construction
     Equipment Sales, Ltd. </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Japan</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Hydropro S.R.L. </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Italy</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Inmobiliaria Conek, S.A. </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Mexico</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Jupiter Power Cambodia Co., Ltd. </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Cambodia</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Jupiter Power Holdings Ltd. </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Bermuda</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Kappa Energy Partners </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Texas</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Kinki Caterpillar Mitsubishi Construction
     Equipment Sales, Ltd. </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Japan</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">K-Lea Co., Ltd. </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Japan</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Kyoei Co. </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Japan</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Laminex V.o.F. </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Netherlands</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Landfill Energy Partners I </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Texas</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD HEIGHT="16"><FONT
   FACE="Times New Roman" SIZE="2">Leo, Inc. </FONT></TD>
   <TD HEIGHT="16"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Washington</FONT></DIV>
   </TD>
  </TR>
 </TABLE>

 <TABLE WIDTH="85%" BORDER="0" CELLSPACING="0" CELLPADDING="0">
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Lexington Real Estate Holding Corporation
     </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Delaware</FONT> </DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Lion S.A. </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Brazil</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Machida Kiko Co., Ltd. </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Japan</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Machinefabriek Bolier B.V. </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Netherlands</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">MaK (London) Limited </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">United Kingdom</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">MaK Americas Inc. </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Canada</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">MaK Americas Inc. </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Illinois</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">MaK Beteiligungs GmbH </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Germany</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">MaK Mediterranee S.A.S. </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">France</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">MaK Motoren GmbH &amp; Co. KG </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Germany</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">MaK Motoren Rostock GmbH</FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Germany</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">MaK Motoren Verwaltungs GmbH </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Germany</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">MaK Netherland B.V. </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Netherlands</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">MaK Wohnungsbau GmbH &amp; Co. KG
     </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Germany</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Material Handling Associates, Inc.
     </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Delaware</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Material Handling Crane Systems, Inc.
     </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Ohio</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Mec-Track S.R.L. </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Italy</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">MICA Energy Systems </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Michigan</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Mincom Pty Ltd </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Australia</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Mistubishi Caterpillar Forklift Europe B.V.
     </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Netherlands</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Mitsubishi Caterpillar Forklift America de
     Argentina S.A. </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Argentina</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Mitsubishi Caterpillar Forklift America Inc.
     </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Delaware</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Mitsubishi Caterpillar Forklift Asia Pte.
     Ltd. </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Singapore</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   SIZE="2">Motores Diesel Andino S.A.</FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   SIZE="2">Peru</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Motores Perkins S.A. </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Mexico</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Motori Perkins S.P.A. </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Italy</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Nagano Kouki Co., Ltd. </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Japan</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Necoles Investments B.V. </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Netherlands</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Nexus International Inc. </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Delaware</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Nexus International Srl </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Italy</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Nihon Kenki Lease Co., Ltd. </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Japan</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">NOIL Participacoes e Comercio S.A.
     </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Brazil</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Osaka Rental Co., Ltd. </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Japan</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">OTSG, Inc. </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Delaware</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">P. T. Caterpillar Financial Indonesia
     </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Indonesia</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">P. T. Natra Raya </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Indonesia</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">P. T. Solar Services Indonesia </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Indonesia</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Peoria Medical Research Corporation
     </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Illinois</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Perkins Americas Limited </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">England and Wales</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Perkins Argentina S.A. </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Argentina</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Perkins Asia Pacific Limited </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">England and Wales</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Perkins Compact Engines Limited </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">England and Wales</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Perkins do Brazil Comercial Ltda.
     </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Brazil</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Perkins Engines (Asia Pacific) Pte Ltd
     </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Singapore</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Perkins Engines (Australia) Pty. Ltd.
     </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Australia</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Perkins Engines (Latin America) Inc.
     </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Delaware</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Times New Roman" SIZE="2">Perkins Engines (Peterborough) Limited
     </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">England and Wales</FONT></DIV>
   </TD>
  </TR>
 </TABLE>

 <TABLE WIDTH="85%" BORDER="0">
  <TR>
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Perkins Engines (Shrewsbury) Limited
     </FONT></TD>
   <TD WIDTH="28%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">England and Wales</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Perkins Engines (Stafford)
     Limited</FONT></TD>
   <TD WIDTH="28%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">England and Wales</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Perkins Engines (Tianjin) Company Limited
     </FONT></TD>
   <TD WIDTH="28%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">China</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Perkins Engines Company Limited </FONT></TD>
   <TD WIDTH="28%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">England and Wales</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Perkins Engines Eastern (Singapore) Pte.
     Ltd. </FONT></TD>
   <TD WIDTH="28%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Singapore</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Perkins Engines Group Limited </FONT></TD>
   <TD WIDTH="28%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">England and Wales</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Perkins Engines Leasing Limited </FONT></TD>
   <TD WIDTH="28%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">England and Wales</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Perkins Engines, Inc. </FONT></TD>
   <TD WIDTH="28%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Maryland</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Perkins Executive Pension Trust
     Limited</FONT></TD>
   <TD WIDTH="28%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">England and Wales</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Perkins France (SAS) </FONT></TD>
   <TD WIDTH="28%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">France</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Perkins Group Limited </FONT></TD>
   <TD WIDTH="28%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">England and Wales</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Perkins Holdings Limited </FONT></TD>
   <TD WIDTH="28%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Delaware</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Perkins Holdings Limited </FONT></TD>
   <TD WIDTH="28%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">England and Wales</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Perkins International Inc. </FONT></TD>
   <TD WIDTH="28%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Delaware</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Perkins International Limited </FONT></TD>
   <TD WIDTH="28%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">England and Wales</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="72%" HEIGHT="22"><FONT
   FACE="Times New Roman" SIZE="2">Perkins Limited </FONT></TD>
   <TD WIDTH="28%" HEIGHT="22"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">England and Wales</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Perkins Motoren GmbH </FONT></TD>
   <TD WIDTH="28%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Germany</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Perkins Parts Limited </FONT></TD>
   <TD WIDTH="28%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">England and Wales</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Perkins Pension Trust Limited </FONT></TD>
   <TD WIDTH="28%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">England and Wales</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Perkins Power Sales &amp; Service Limited
     </FONT></TD>
   <TD WIDTH="28%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">England and Wales</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="72%" HEIGHT="24"><FONT
   FACE="Times New Roman" SIZE="2">Perkins Shibaura Engines Limited </FONT></TD>
   <TD WIDTH="28%" HEIGHT="24"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">England and Wales</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Perkins Technology Inc. </FONT></TD>
   <TD WIDTH="28%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Delaware</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Perkins Technology Limited </FONT></TD>
   <TD WIDTH="28%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">England and Wales</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Rapidparts Inc. </FONT></TD>
   <TD WIDTH="28%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Delaware</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Rapisarda Industries Srl </FONT></TD>
   <TD WIDTH="28%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Italy</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Rega Kyushu Co., Ltd. </FONT></TD>
   <TD WIDTH="28%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Japan</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Rental Sanwa Co., Ltd. </FONT></TD>
   <TD WIDTH="28%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Japan</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Rex World Co., Ltd. </FONT></TD>
   <TD WIDTH="28%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Japan</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Ryoetsu Co., Ltd.</FONT></TD>
   <TD WIDTH="28%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2"> Japan</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Sagakiko-shokai Co., Ltd. </FONT></TD>
   <TD WIDTH="28%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Japan</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Sagami GS Co., Ltd. </FONT></TD>
   <TD WIDTH="28%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Japan</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Sanko Rental Co.</FONT></TD>
   <TD WIDTH="28%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2"> Japan</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">SCM Operator Training Co., Ltd. </FONT></TD>
   <TD WIDTH="28%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Japan</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">SCM Shoji Co., Ltd. </FONT></TD>
   <TD WIDTH="28%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Japan</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">SCM System Service Co., Ltd. </FONT></TD>
   <TD WIDTH="28%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Japan</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Seiryo Co., Ltd. </FONT></TD>
   <TD WIDTH="28%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Japan</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Servtech Limited </FONT></TD>
   <TD WIDTH="28%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Ireland</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Shanxi International Casting Co. Ltd.
     </FONT></TD>
   <TD WIDTH="28%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">China</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="72%" HEIGHT="26"><FONT
   FACE="Times New Roman" SIZE="2">Shin Caterpillar Mitsubishi Ltd. </FONT></TD>
   <TD WIDTH="28%" HEIGHT="26"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Japan</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Shin Hokken Ltd. </FONT></TD>
   <TD WIDTH="28%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Japan</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Solar Turbines Canada Ltd./Ltee. </FONT></TD>
   <TD WIDTH="28%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Canada</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Solar Turbines Europe S.A. </FONT></TD>
   <TD WIDTH="28%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Belgium</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="72%" HEIGHT="23"><FONT
   FACE="Times New Roman" SIZE="2">Solar Turbines Incorporated </FONT></TD>
   <TD WIDTH="28%" HEIGHT="23"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Delaware</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="72%" HEIGHT="28"><FONT
   FACE="Times New Roman" SIZE="2">Solar Turbines International Company
     </FONT></TD>
   <TD WIDTH="28%" HEIGHT="28"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Delaware</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Solar Turbines Overseas Pension Scheme
     Trustees Limited </FONT></TD>
   <TD WIDTH="28%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Guernsey</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="72%" HEIGHT="25"><FONT
   FACE="Times New Roman" SIZE="2">Solar Turbines Services Company </FONT></TD>
   <TD WIDTH="28%" HEIGHT="25"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">California</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="72%"><FONT
   FACE="Times New Roman" SIZE="2">Solar Turbines Services Nigeria Limited
     </FONT></TD>
   <TD WIDTH="28%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Nigeria</FONT></DIV>
   </TD>
  </TR>
 </TABLE>
 <P></P>
 <P></P>

 <TABLE WIDTH="100%" BORDER="0">
  <TR>
   <TD><FONT
   SIZE="2"></FONT></TD>
   <TD> <DIV ALIGN="right"></DIV>
   </TD>
  </TR>
 </TABLE>

 <TABLE WIDTH="85%" BORDER="0" CELLSPACING="0" CELLPADDING="0">
  <TR>
   <TD WIDTH="67%"><FONT
   FACE="Times New Roman" SIZE="2">Solar Turbines UK Limited </FONT></TD>
   <TD WIDTH="33%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">England and Wales</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="67%"><FONT
   FACE="Times New Roman" SIZE="2">Space Attack Co., Ltd. </FONT></TD>
   <TD WIDTH="33%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Japan</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="67%"><FONT
   FACE="Times New Roman" SIZE="2">STI Capital Company </FONT></TD>
   <TD WIDTH="33%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Delaware</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="67%"><FONT
   FACE="Times New Roman" SIZE="2">Systemjoin Limited </FONT></TD>
   <TD WIDTH="33%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">England and Wales</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="67%"><FONT
   FACE="Times New Roman" SIZE="2">Tech Itoh Co., Ltd. </FONT></TD>
   <TD WIDTH="33%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Japan</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="67%"><FONT
   FACE="Times New Roman" SIZE="2">Tecnologia Modificada S.A. de C.V.
     </FONT></TD>
   <TD WIDTH="33%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Mexico</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="67%"><FONT
   FACE="Times New Roman" SIZE="2">The Heartland Community Development
     Corporation </FONT></TD>
   <TD WIDTH="33%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Illinois</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="67%"><FONT
   FACE="Times New Roman" SIZE="2">Tokai Caterpillar Mitsubishi Construction
     Equipment Sales, Ltd.</FONT></TD>
   <TD WIDTH="33%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Japan</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="67%"><FONT
   FACE="Times New Roman" SIZE="2">Tokuden Co. </FONT></TD>
   <TD WIDTH="33%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Japan</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="67%"><FONT
   FACE="Times New Roman" SIZE="2">Tokyo Rental Co., Ltd. </FONT></TD>
   <TD WIDTH="33%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Japan</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="67%"><FONT
   FACE="Times New Roman" SIZE="2">Tone Lease Co. </FONT></TD>
   <TD WIDTH="33%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Japan</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="67%"><FONT
   FACE="Times New Roman" SIZE="2">Tractor Engineers Limited </FONT></TD>
   <TD WIDTH="33%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">India</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="67%"><FONT
   FACE="Times New Roman" SIZE="2">Tunnel Rental Co., Ltd. </FONT></TD>
   <TD WIDTH="33%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Japan</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="67%"><FONT
   FACE="Times New Roman" SIZE="2">Turbinas Solar de Venezuela, C.A.
     </FONT></TD>
   <TD WIDTH="33%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Venezuela</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="67%"><FONT
   FACE="Times New Roman" SIZE="2">Turbinas Solar S.A. de C.V. </FONT></TD>
   <TD WIDTH="33%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Mexico</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="67%"><FONT
   FACE="Times New Roman" SIZE="2">Turbo Tecnologia de Reparaciones S.A. de
     C.V. </FONT></TD>
   <TD WIDTH="33%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Mexico</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="67%"><FONT
   FACE="Times New Roman" SIZE="2">Turboservices Sdn Bhd </FONT></TD>
   <TD WIDTH="33%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Malaysia</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="67%"><FONT
   FACE="Times New Roman" SIZE="2">Turner Powertrain Systems Limited</FONT></TD>
   <TD WIDTH="33%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2"> England and Wales</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="67%"><FONT
   FACE="Times New Roman" SIZE="2">UNOC Equipment and Supply </FONT></TD>
   <TD WIDTH="33%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Russia</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="67%"><FONT
   FACE="Times New Roman" SIZE="2">UNOC Equipment and Supply, L.L.C.
     </FONT></TD>
   <TD WIDTH="33%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Delaware</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="67%"><FONT
   FACE="Times New Roman" SIZE="2">VALA (UK) LP </FONT></TD>
   <TD WIDTH="33%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">United Kingdom</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="67%"><FONT
   FACE="Times New Roman" SIZE="2">VALA C.V. </FONT></TD>
   <TD WIDTH="33%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Netherlands</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="67%"><FONT
   FACE="Times New Roman" SIZE="2">VALA Inc. </FONT></TD>
   <TD WIDTH="33%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Delaware</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="67%"><FONT
   FACE="Times New Roman" SIZE="2">VALA LLC </FONT></TD>
   <TD WIDTH="33%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Delaware</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="67%"><FONT
   FACE="Times New Roman" SIZE="2">Vanguard Hydraulic Pipelayer, Inc.
     </FONT></TD>
   <TD WIDTH="33%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Washington</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="67%"><FONT
   FACE="Times New Roman" SIZE="2">Verachtert GmbH </FONT></TD>
   <TD WIDTH="33%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Germany</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="67%"><FONT
   FACE="Times New Roman" SIZE="2">Veratech GmbH </FONT></TD>
   <TD WIDTH="33%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Germany</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="67%"><FONT
   FACE="Times New Roman" SIZE="2">Veratech Holding B.V. </FONT></TD>
   <TD WIDTH="33%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Netherlands</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="67%"><FONT
   FACE="Times New Roman" SIZE="2">V-Trac Holdings Limited </FONT></TD>
   <TD WIDTH="33%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Cook Islands</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="67%"><FONT
   FACE="Times New Roman" SIZE="2">V-Trac Infrastructure Development Company
     </FONT></TD>
   <TD WIDTH="33%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Vietnam</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="67%"><FONT
   FACE="Times New Roman" SIZE="2">West Kanto Caterpillar Mitsubishi
     Construction Equipment Sales, Ltd. </FONT></TD>
   <TD WIDTH="33%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Japan</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="67%"><FONT
   FACE="Times New Roman" SIZE="2">Wright Equipment Company (Pty)
     Limited</FONT></TD>
   <TD WIDTH="33%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2"> South Africa</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="67%"><FONT
   FACE="Times New Roman" SIZE="2">Yeep Co. </FONT></TD>
   <TD WIDTH="33%"> <DIV ALIGN="right"><FONT
   FACE="Times New Roman" SIZE="2">Japan</FONT></DIV>
   </TD>
  </TR>
 </TABLE>
 </BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.11-K
<SEQUENCE>3
<FILENAME>0003.htm
<DESCRIPTION>EXHIBIT 99, FORM 11-K - EIP, SIP, TDSP
<TEXT>

<HTML>
<HEAD>
 <TITLE>EXHIBIT 99, FORM 11-K - EIP, SIP, TDSP</TITLE>
</HEAD>
<BODY BGCOLOR="#FFFFFF">
 <P ALIGN=CENTER><B><FONT
 FACE="Arial, Helvetica, sans-serif">SECURITIES AND EXCHANGE
   COMMISSION</FONT></B></P>
 <P ALIGN=CENTER><FONT
 FACE="Arial, Helvetica, sans-serif">Washington, D.C. 20549</FONT></P>
 <P ALIGN=CENTER><FONT
 FACE="Arial, Helvetica, sans-serif"><B><FONT
 SIZE="+2">FORM 11-K</FONT></B></FONT></P>
 <TABLE WIDTH="100%">
  <TR>
   <TD> <P><FONT
   FACE="Arial, Helvetica, sans-serif">(Mark One)</FONT></P>
   </TD>
   <TD>&nbsp;</TD>
  </TR>
  <TR>
   <TD> <P><FONT
   FACE="Arial, Helvetica, sans-serif">[ X ]</FONT></P>
   </TD>
   <TD> <P><FONT
   FACE="Arial, Helvetica, sans-serif"><B> ANNUAL REPORT PURSUANT TO SECTION
     15(d)</B></FONT></P>
   </TD>
  </TR>
  <TR>
   <TD>&nbsp;</TD>
   <TD> <P><FONT
   FACE="Arial, Helvetica, sans-serif"><B>OF THE SECURITIES EXCHANGE ACT OF
     1934 [Fee Required]</B></FONT></P>
   </TD>
  </TR>
  <TR>
   <TD>&nbsp;</TD>
   <TD> <P><FONT
   FACE="Arial, Helvetica, sans-serif">For the Fiscal Year Ended November 30,
     1998</FONT></P>
   </TD>
  </TR>
 </TABLE>
 <UL></UL>
 <P ALIGN=CENTER><FONT
 FACE="Arial, Helvetica, sans-serif">OR</FONT></P>
 <TABLE WIDTH="100%">
  <TR>
   <TD WIDTH="14%"> <P><FONT
   FACE="Arial, Helvetica, sans-serif">[&nbsp;&nbsp;&nbsp;&nbsp; ]</FONT></P>
   </TD>
   <TD WIDTH="86%"> <P><FONT
   FACE="Arial, Helvetica, sans-serif"><B>TRANSITION REPORT PURSUANT TO SECTION
     15(d)</B></FONT></P>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="14%">&nbsp;</TD>
   <TD WIDTH="86%"> <P><FONT
   FACE="Arial, Helvetica, sans-serif"><B>OF THE SECURITIES EXCHANGE ACT OF
     1934 [No Fee Required]</B></FONT></P>
   </TD>
  </TR>
  <TR>
   <TD WIDTH="14%">&nbsp;</TD>
   <TD WIDTH="86%"> <P><FONT
   FACE="Arial, Helvetica, sans-serif">For the transition period from _____ to
     _____</FONT></P>
   </TD>
  </TR>
 </TABLE>
 <UL></UL>
 <P ALIGN=CENTER><FONT
 FACE="Arial, Helvetica, sans-serif">Commission File Number 1-768</FONT></P>
 <P ALIGN=CENTER>&nbsp;</P>
 <P ALIGN=CENTER><FONT
 FACE="Arial, Helvetica, sans-serif"><B><FONT
 SIZE="+2">EMPLOYEES' INVESTMENT PLAN</FONT></B></FONT> <FONT
 FACE="Arial, Helvetica, sans-serif"><B>
 <BR>
 (Full title of the Plan)</B></FONT></P>
 <P ALIGN=CENTER>&nbsp;</P>
 <P ALIGN=CENTER><FONT
 FACE="Arial, Helvetica, sans-serif"><B><FONT
 SIZE="+1">CATERPILLAR INC.</FONT></B></FONT> <FONT
 FACE="Arial, Helvetica, sans-serif"><B>
 <BR>
 (Name of issuer of the securities held</B></FONT>
 <BR>
 <FONT
 FACE="Arial, Helvetica, sans-serif"><B>pursuant to the Plan)</B></FONT></P>
 <P ALIGN=CENTER>&nbsp;</P>
 <P ALIGN=CENTER><FONT
 FACE="Arial, Helvetica, sans-serif"><B>100 NE ADAMS STREET, PEORIA, ILLINOIS
   61629</B></FONT><FONT
 FACE="Arial, Helvetica, sans-serif"><B>
 <BR>
 (Address of principal executive offices)</B></FONT></P>
 <P ALIGN=CENTER><FONT
 FACE="Arial, Helvetica, sans-serif"><B>REQUIRED INFORMATION</B></FONT></P>
 <P><FONT
 FACE="Arial, Helvetica, sans-serif"><B>Item 1</B>.</FONT></P>
 <P><FONT
 FACE="Arial, Helvetica, sans-serif">The audited statement of net assets
   available for plan benefits as of the end of the latest two fiscal years of
   the Plan is attached hereto as Exhibit A.</FONT></P>
 <P><FONT
 FACE="Arial, Helvetica, sans-serif"><B>Item 2</B>.</FONT></P>
 <P><FONT
 FACE="Arial, Helvetica, sans-serif">The audited statement of changes in net
   assets available for plan benefits for each of the latest two fiscal years
   of the Plan is attached hereto as Exhibit B.</FONT></P>
 <P><FONT
 FACE="Arial, Helvetica, sans-serif"><B>Item 3</B>.</FONT></P>
 <P><FONT
 FACE="Arial, Helvetica, sans-serif">The statements required by Items 1 and 2
   have been prepared in accordance with the applicable financial reporting
   requirements of ERISA.</FONT></P>
 <P><FONT
 FACE="Arial, Helvetica, sans-serif"><B>Item 4</B>.</FONT></P>
 <P><FONT
 FACE="Arial, Helvetica, sans-serif">The Consent of Independent Accountants is
   attached hereto as Exhibit A.</FONT></P>
 <P ALIGN="CENTER"><B><FONT
 FACE="Arial">Report of Independent Accountants</FONT></B></P>
 <P><FONT
 FACE="Arial">To the Participants, Investment Plan Committee
 <BR>
 and Benefits Funds Committee of the Caterpillar Inc.
 <BR>
 Employees' Investment Plan </FONT></P>
 <P><FONT
 FACE="Arial">In our opinion, the accompanying statements of net assets
   available for benefits and the related statements of changes in net assets
   available for benefits present fairly, in all material respects, the net
   assets available for benefits of the Caterpillar Inc. Employees' Investment
   Plan (the Plan) at November&#160;30, 1999 and 1998, and the changes in net
   assets available for benefits for the years then ended, in conformity with
   accounting principles generally accepted in the United States. These
   financial statements are the responsibility of the Plan's management; our
   responsibility is to express an opinion on these financial statements based
   on our audits. We conducted our audits of these statements in accordance
   with auditing standards generally accepted in the United States, which
   require that we plan and perform the audit to obtain reasonable assurance
   about whether the financial statements are free of material misstatement. An
   audit includes examining, on a test basis, evidence supporting the amounts
   and disclosures in the financial statements, assessing the accounting
   principles used and significant estimates made by management, and evaluating
   the overall financial statement presentation. We believe that our audits
   provide a reasonable basis for the opinion expressed above. </FONT></P>
 <P><FONT
 FACE="Arial">Our audits were conducted for the purpose of forming an opinion
   on the basic financial statements taken as a whole. The supplemental
   schedules of assets held for investment purposes, of reportable transactions
   and of non-exempt transactions are presented for the purpose of additional
   analysis and are not a required part of the basic financial statements but
   are supplementary information required by the Department of Labor's Rules
   and Regulations for Reporting and Disclosure under the Employee Retirement
   Income Security Act of 1974. These supplemental schedules are the
   responsibility of the Plan's management. The supplemental schedules have
   been subjected to the auditing procedures applied in the audits of the basic
   financial statements and, in our opinion, are fairly stated in all material
   respects in relation to the basic financial statements taken as a whole.
   </FONT></P>
 <P><FONT
 FACE="Arial">/s/ PricewaterhouseCoopers LLP</FONT></P>
 <P><FONT
 FACE="Arial">Peoria, Illinois
 <BR>
 May 26, 2000</FONT></P>
 <P ALIGN="CENTER"><U><FONT
 FACE="Arial" SIZE="2">CATERPILLAR INC.
 <BR>
 EMPLOYEES' INVESTMENT PLAN</FONT></U></P>
 <P ALIGN="CENTER"><FONT
 SIZE="2"><FONT
 FACE="Arial"><U>STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS</U>
 <BR>
 <U>NOVEMBER 30, 1999 AND 1998</U>
 <BR>
 (Dollars in 000's)</FONT></FONT></P>
 <P ALIGN="CENTER">&nbsp;</P>
 <TABLE WIDTH="80%" BORDER="0">
  <TR>
   <TD>&nbsp;</TD>
   <TD VALIGN="bottom"> <P ALIGN="center"><FONT
   FACE="ARIAL" SIZE="1">1999 </FONT> <HR NOSHADE WIDTH="80%" SIZE="1"
     ALIGN="center"> </TD>
   <TD VALIGN="bottom"> <DIV ALIGN="center"><FONT
   FACE="ARIAL" SIZE="1">1998</FONT> </DIV>
   <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="center"> </TD>
  </TR>
  <TR>
   <TD> <P><FONT
   FACE="ARIAL">Investments</FONT></P>
   </TD>
   <TD> <DIV ALIGN="RIGHT"><FONT
   FACE="ARIAL">$ 2,258,381 </FONT></DIV>
   </TD>
   <TD> <DIV ALIGN="RIGHT"><FONT
   FACE="ARIAL">$ 2,141,953</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD> <P><FONT
   FACE="ARIAL">Employer contributions receivable</FONT></P>
   </TD>
   <TD> <DIV ALIGN="RIGHT"><FONT
   FACE="ARIAL"> 841 </FONT></DIV>
   </TD>
   <TD> <DIV ALIGN="RIGHT"><FONT
   FACE="ARIAL">1,186</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD HEIGHT="19"> <P><FONT
   FACE="ARIAL">Participant contributions receivable</FONT></P>
   </TD>
   <TD HEIGHT="19"> <DIV ALIGN="RIGHT"><FONT
   FACE="ARIAL">1,597 </FONT></DIV>
   </TD>
   <TD HEIGHT="19"> <DIV ALIGN="RIGHT"><FONT
   FACE="ARIAL">2,101</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD> <P><FONT
   FACE="ARIAL">Interest and dividends receivable</FONT></P>
   </TD>
   <TD> <DIV ALIGN="RIGHT"><FONT
   FACE="ARIAL"> 66</FONT></DIV>
   </TD>
   <TD> <DIV ALIGN="RIGHT"><FONT
   FACE="ARIAL"> 66</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD>&nbsp;</TD>
   <TD> <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="right"> </TD>
   <TD> <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="right"> </TD>
  </TR>
  <TR>
   <TD HEIGHT="18"> <P><FONT
   FACE="ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets</FONT></P>
   </TD>
   <TD HEIGHT="18"> <DIV ALIGN="RIGHT"><FONT
   FACE="ARIAL"> 2,260,885 </FONT></DIV>
   </TD>
   <TD HEIGHT="18"> <DIV ALIGN="RIGHT"><FONT
   FACE="ARIAL">2,145,306</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD>&nbsp;</TD>
   <TD> <DIV ALIGN="RIGHT"> <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="right">
     </DIV>
   </TD>
   <TD> <DIV ALIGN="RIGHT"> <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="right">
     </DIV>
   </TD>
  </TR>
  <TR>
   <TD> <P><FONT
   FACE="ARIAL">Transfers payable to Part 2</FONT></P>
   </TD>
   <TD> <DIV ALIGN="RIGHT"><FONT
   FACE="ARIAL"> (3,939) </FONT></DIV>
   </TD>
   <TD> <DIV ALIGN="RIGHT"><FONT
   FACE="ARIAL">(3,726)</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD> <P><FONT
   FACE="ARIAL">Other payables</FONT></P>
   </TD>
   <TD> <DIV ALIGN="RIGHT"></DIV>
   </TD>
   <TD> <DIV ALIGN="RIGHT"><FONT
   FACE="ARIAL"> (5)</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD>&nbsp;</TD>
   <TD> <DIV ALIGN="RIGHT"> <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="right">
     </DIV>
   </TD>
   <TD> <DIV ALIGN="RIGHT"> <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="right">
     </DIV>
   </TD>
  </TR>
  <TR>
   <TD> <P><FONT
   FACE="ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities</FONT></P>
   </TD>
   <TD> <DIV ALIGN="RIGHT"><FONT
   FACE="ARIAL"> (3,939) </FONT></DIV>
   </TD>
   <TD> <DIV ALIGN="RIGHT"><FONT
   FACE="ARIAL">(3,731)</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD>&nbsp;</TD>
   <TD> <DIV ALIGN="RIGHT"> <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="right">
     </DIV>
   </TD>
   <TD> <DIV ALIGN="RIGHT"> <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="right">
     </DIV>
   </TD>
  </TR>
  <TR>
   <TD> <P><FONT
   FACE="ARIAL">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net assets available for
     benefits</FONT></P>
   </TD>
   <TD> <DIV ALIGN="RIGHT"><FONT
   FACE="ARIAL"> $ 2,256,946 </FONT></DIV>
   </TD>
   <TD> <DIV ALIGN="RIGHT"><FONT
   FACE="ARIAL">$ 2,141,575</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD>&nbsp;</TD>
   <TD> <HR NOSHADE WIDTH="80%" SIZE="2" ALIGN="right"> <U></U></TD>
   <TD> <HR NOSHADE WIDTH="80%" SIZE="2" ALIGN="right"> </TD>
  </TR>
 </TABLE>
 <P ALIGN="center"><FONT
 FACE="Arial">(The accompanying notes are an integral part of the financial
   statements)</FONT></P>
 <P ALIGN="CENTER"><U><FONT
 FACE="Arial">CATERPILLAR INC.
 <BR>
 EMPLOYEES' INVESTMENT PLAN</FONT></U></P>
 <P ALIGN="CENTER"><FONT
 FACE="Arial"><U>STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS</U>
 <BR>
 <U>FOR THE YEAR ENDED NOVEMBER 30, 1999 AND 1998</U>
 <BR>
 (Dollars in 000's)</FONT></P>
 <P ALIGN="CENTER"><U></U></P>

 <TABLE WIDTH="80%" BORDER="0">
  <TR>
   <TD>&nbsp;</TD>
   <TD> <P ALIGN="center"><FONT
   FACE="Arial" SIZE="1">1999</FONT> <HR NOSHADE WIDTH="80%" SIZE="1"
     ALIGN="center"> </TD>
   <TD> <DIV ALIGN="center"><FONT
   FACE="Arial" SIZE="1">1998</FONT> </DIV>
   <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="center"> </TD>
  </TR>
  <TR>
   <TD NOWRAP> <P><FONT
   FACE="Arial">Contributions:</FONT></P>
   </TD>
   <TD>&nbsp;</TD>
   <TD>&nbsp;</TD>
  </TR>
  <TR>
   <TD NOWRAP> <P><FONT
   FACE="Arial">&nbsp;&nbsp;&nbsp;&nbsp;Participants</FONT></P>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial"> $ 121,953</FONT></DIV>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial"> $ 130,021</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD NOWRAP> <P><FONT
   FACE="Arial">&nbsp;&nbsp;&nbsp;&nbsp;Employer </FONT></P>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial">33,013 </FONT></DIV>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial">32,627</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD NOWRAP>&nbsp;</TD>
   <TD> <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="right"> </TD>
   <TD> <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="right"> </TD>
  </TR>
  <TR>
   <TD NOWRAP>&nbsp;</TD>
   <TD> <P ALIGN="right"><FONT
   FACE="Arial">154,966 </FONT></P>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial">162,648</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD NOWRAP>&nbsp;</TD>
   <TD> <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="right"> </TD>
   <TD> <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="right"> </TD>
  </TR>
  <TR>
   <TD NOWRAP> <P><FONT
   FACE="Arial">Investment income:</FONT></P>
   </TD>
   <TD> <DIV ALIGN="right"></DIV>
   </TD>
   <TD> <DIV ALIGN="right"></DIV>
   </TD>
  </TR>
  <TR>
   <TD NOWRAP> <P><FONT
   FACE="Arial">&nbsp;&nbsp;&nbsp;&nbsp;Interest </FONT></P>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial">96 </FONT></DIV>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial">103</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD NOWRAP> <P><FONT
   FACE="Arial">&nbsp;&nbsp;&nbsp;&nbsp;Dividends</FONT></P>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial"> 21,946 </FONT></DIV>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial">19,877</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD NOWRAP> <P><FONT
   FACE="Arial">&nbsp;&nbsp;&nbsp;&nbsp;Net appreciation (depreciation) in fair
     value of:</FONT></P>
   </TD>
   <TD> <DIV ALIGN="right"></DIV>
   </TD>
   <TD> <DIV ALIGN="right"></DIV>
   </TD>
  </TR>
  <TR>
   <TD NOWRAP> <P><FONT
   FACE="Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common stock </FONT></P>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial">(46,636) </FONT></DIV>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial">32,107</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD HEIGHT="21" NOWRAP> <P><FONT
   FACE="Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Collective trust
     fund</FONT></P>
   </TD>
   <TD HEIGHT="21"> <DIV ALIGN="right"><FONT
   FACE="Arial"> 618 </FONT></DIV>
   </TD>
   <TD HEIGHT="21"> <DIV ALIGN="right"><FONT
   FACE="Arial">692</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD NOWRAP> <P><FONT
   FACE="Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Registered investment
     companies</FONT></P>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial"> 5,139 </FONT></DIV>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial">1,073</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD NOWRAP> <P><FONT
   FACE="Arial">&nbsp;&nbsp;&nbsp;&nbsp;Plan interest in net investment income
     of Master Trust </FONT></P>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial">171,849 </FONT></DIV>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial">110,085</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD NOWRAP>&nbsp;</TD>
   <TD> <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="right"> </TD>
   <TD> <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="right"> </TD>
  </TR>
  <TR>
   <TD NOWRAP> <P><FONT
   FACE="Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net investment
     income</FONT></P>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial"> 153,012 </FONT></DIV>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial">163,937</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD NOWRAP> <P>&nbsp;</P>
   </TD>
   <TD> <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="right"> </TD>
   <TD> <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="right"> </TD>
  </TR>
  <TR>
   <TD NOWRAP><FONT
   FACE="Arial">Withdrawals </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial">(194,370)</FONT></DIV>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial"> (121,232)</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD NOWRAP> <P><FONT
   FACE="Arial">Transfers (to)/from other plans, net </FONT></P>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial">1,763 </FONT></DIV>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial">2,153</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD NOWRAP>&nbsp; </TD>
   <TD> <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="right"> </TD>
   <TD> <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="right"> </TD>
  </TR>
  <TR>
   <TD NOWRAP> <P><FONT
   FACE="Arial">Withdrawals and transfers, net </FONT></P>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial">(192,607)</FONT></DIV>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial"> (119,079)</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD NOWRAP>&nbsp;</TD>
   <TD> <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="right"> </TD>
   <TD> <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="right"> </TD>
  </TR>
  <TR>
   <TD NOWRAP> <P><FONT
   FACE="Arial">Increase in net assets available for benefits</FONT></P>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial">115,371 </FONT></DIV>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial">207,506</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD NOWRAP>&nbsp;</TD>
   <TD>&nbsp; </TD>
   <TD>&nbsp; </TD>
  </TR>
  <TR>
   <TD NOWRAP> <P><FONT
   FACE="Arial">Net assets available for benefits:</FONT></P>
   </TD>
   <TD> <DIV ALIGN="right"></DIV>
   </TD>
   <TD> <DIV ALIGN="right"></DIV>
   </TD>
  </TR>
  <TR>
   <TD NOWRAP> <P><FONT
   FACE="Arial">&nbsp;&nbsp;&nbsp;&nbsp;Beginning of year</FONT></P>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial"> 2,141,575</FONT></DIV>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial"> 1,934,069</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD NOWRAP>&nbsp;</TD>
   <TD> <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="right"> </TD>
   <TD> <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="right"> </TD>
  </TR>
  <TR>
   <TD NOWRAP> <P><FONT
   FACE="Arial">&nbsp;&nbsp;&nbsp;&nbsp;End of year </FONT></P>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial">$2,256,946</FONT></DIV>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial"> $2,141,575</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD NOWRAP>&nbsp;</TD>
   <TD> <HR NOSHADE WIDTH="80%" SIZE="2" ALIGN="right"> </TD>
   <TD> <HR NOSHADE WIDTH="80%" SIZE="2" ALIGN="right"> </TD>
  </TR>
 </TABLE>
 <P ALIGN="CENTER"><FONT
 FACE="Arial">(The accompanying notes are an integral part of the financial
   statements.)</FONT></P>
 <UL><UL> </UL>
 </UL>
 <UL> <UL> <UL> </UL>
 </UL>
 </UL>
 <P ALIGN="CENTER"><U><FONT
 FACE="Arial" SIZE="2">CATERPILLAR INC.
 <BR>
 EMPLOYEES' INVESTMENT PLAN</FONT></U></P>
 <P ALIGN="CENTER"><FONT
 SIZE="2"><U><FONT
 FACE="Arial">NOTES TO FINANCIAL STATEMENTS</FONT></U></FONT></P>
 <P><FONT
 FACE="Arial" SIZE="2"><U>NOTE 1 - PLAN DESCRIPTION</U>:</FONT></P>
 <P><FONT
 FACE="Arial">The following description of the Caterpillar Inc. Employees'
   Investment Plan (the Plan) provides only general information. Employees
   should refer to the Plan agreement for a more complete description of the
   Plan's provisions. </FONT></P>
 <P><B><FONT
 FACE="Arial">General</FONT></B></P>
 <P><FONT
 FACE="Arial">The Plan is a contributory defined contribution plan established
   by Caterpillar Inc. (the Company) to enable eligible employees of the
   Company and its subsidiaries (the participating employers) which adopt the
   Plan to accumulate funds. </FONT></P>
 <P><B><FONT
 FACE="Arial">Participation</FONT></B></P>
 <P><FONT
 FACE="Arial">Generally, employees of participating employers, other than those
   employed under collective bargaining agreements, who meet certain age,
   service and citizenship or residency requirements are eligible to
   participate in the plan. Participation commences upon an eligible employee's
   filing of an application with the Investment Plan Committee. Participating
   eligible employees (the participants) may acquire ownership interests in the
   Company through purchases of its common stock (Part 1). Additionally, the
   participants may elect to defer a portion of their compensation until
   retirement under the Special Investment Supplement of the Plan (Part 2).
   </FONT></P>
 <P><B><FONT
 FACE="Arial">Participant accounts</FONT></B></P>
 <P><FONT
 FACE="Arial">Accounts are maintained separately for Part 1 and Part 2 for each
   participant. The participant's account under Part 1 is credited with the
   participant's contribution, the employer's contribution and an allocation of
   Plan earnings. The participant's account under Part 2 of the Plan is
   credited with the participant's contribution as defined below and an
   allocation of Plan earnings. Allocations of earnings are based on
   participant account balances, as defined. The benefit to which a participant
   is entitled is the benefit that can be provided from the participant's
   vested accounts. </FONT></P>
 <P><B><FONT
 FACE="Arial">Loan provisions</FONT></B></P>
 <P><FONT
 FACE="Arial">The Plan provides for participant loans against eligible
   participants' Part 2 account balances. Eligible employees obtain participant
   loans by filing a loan application with the Company and receiving approval
   thereof. Loan amounts are generally limited to the lesser of $50,000 or 50%
   of the individual participant's account balance, within certain regulatory
   restrictions. Loan repayment terms may range from 6 to 117 months depending
   on the type of loan and bear interest at the prime interest rate plus 1%
   rounded to the nearest whole percent as determined at the time of loan
   origination. Repayments, including interest, are made through after-tax
   payroll deductions and are credited to the individual participant's account
   balance. </FONT></P>
 <P><B><FONT
 FACE="Arial">Contributions</FONT></B></P>
 <P><FONT
 FACE="Arial"> <B>Part 1 -</B></FONT></P>
 <P><FONT
 FACE="Arial">Participant contributions are made through after-tax payroll
   deductions based on a percentage (2%-6%) of total earnings as elected by the
   employee. Participants with 25 or more years of service with the employers
   may contribute an additional 1%-4% of earnings. </FONT></P>
 <P><FONT
 FACE="Arial">Employer contributions are 50%, 66-2/3% or 80% of participant
   contributions (up to 6% of earnings) based on the participant's years of
   service. </FONT></P>
 <P><FONT
 FACE="Arial"> <B>Part 2 -</B></FONT></P>
 <P><FONT
 FACE="Arial">Participant contributions are made through a pretax compensation
   deferral as elected by the participants and are contributed to the Plan by
   the employer. For 1999 and 1998, the compensation deferral was limited to
   (a) the greater of $6,000 or 4% of the participant's compensation (limited
   by the Internal Revenue Code to $10,000 in 1999) for participants earning in
   excess of $80,000 or (b) $10,000 for participants earning less than $80,000.
   </FONT></P>
 <P><B><FONT
 FACE="Arial">Investment programs</FONT></B></P>
 <P><FONT
 FACE="Arial"> <B>Part 1 -</B></FONT></P>
 <P><FONT
 FACE="Arial">Employer contributions are invested entirely in Caterpillar Inc.
   common stock. Participants may elect to have their contributions invested as
   follows: (1) 100% in Caterpillar Inc. common stock or (2) 50% in Caterpillar
   Inc. common stock and 50% in a Collective Government Short-Term Investment
   Fund. The Collective Government Short-Term Investment Fund is managed by The
   Northern Trust Company. </FONT></P>
 <P><FONT
 FACE="Arial"> <B>Part 2 -</B></FONT></P>
 <FONT
 FACE="Arial">Participants may elect to have their contributions invested in
   any combination of the following ten investment fund options at November 30,
   1999: </FONT> <UL> <LI><FONT
 FACE="Arial">Caterpillar Stock Fund </FONT></LI>
 <P></P>
 <LI><FONT
 FACE="Arial">Preferred Stable Principal Fund</FONT></LI>
 <P></P>
 <LI><FONT
 FACE="Arial">Preferred Short-Term Government Fund </FONT></LI>
 <P></P>
 <LI><FONT
 FACE="Arial">Preferred Money Market Fund</FONT></LI>
 <P></P>
 <LI><FONT
 FACE="Arial">Preferred Value Fund </FONT></LI>
 <P></P>
 <LI><FONT
 FACE="Arial">Preferred International Fund </FONT></LI>
 <P></P>
 <LI><FONT
 FACE="Arial">Preferred Growth Fund</FONT></LI>
 <P></P>
 <LI><FONT
 FACE="Arial">Preferred Asset Allocation Fund </FONT></LI>
 <P></P>
 <LI><FONT
 FACE="Arial">Preferred Fixed Income Fund </FONT> <P></P>
 </LI>
 <LI><FONT
 FACE="Arial">Preferred Small Cap Fund </FONT></LI>
 <P></P>
 </UL>
 <P><FONT
 FACE="Arial">In addition, a self-directed fund option allows participants to
   invest in various other mutual funds outside of the standard Plan options.
   State Street Bank serves as custodian for funds invested through this
   self-directed fund option. </FONT></P>
 <P><B><FONT
 FACE="Arial">Vesting and distribution provisions</FONT></B></P>
 <P><FONT
 FACE="Arial"> <B>Part 1 -</B></FONT></P>
 <P><FONT
 FACE="Arial">Participants are fully vested at all times in Caterpillar Inc.
   common stock or units of the Collective Government Short-Term Investment
   Fund purchased with participant contributions, and earnings thereon.
   </FONT></P>
 <P><FONT
 FACE="Arial">Participants begin vesting in shares purchased with employer
   contributions generally after the end of the second year of plan
   participation. Participants generally vest at the rate of 33% per year,
   resulting in full vesting by participants in employer contributions after
   five years of service with the Company. Any amounts not vested at withdrawal
   which are forfeited will be applied to reduce the amount of future employer
   contributions to the Plan. Shares become fully vested upon retirement,
   permanent disability or death. </FONT></P>
 <P><FONT
 FACE="Arial">While an employee, a participant may elect to withdraw all
   participant purchased shares of common stock, his share of the Government
   Short-Term Investment Fund and all earnings on participant contributions as
   provided by the Plan. Employer contributions may also be withdrawn based on
   vested status as provided by the Plan. Upon termination of employment,
   participants may elect (with spousal consent, if applicable) to receive
   their shares by immediate distribution or a deferred distribution. If
   termination is due to retirement or disability, participants may elect (with
   spousal consent, if applicable) various annuity payments. </FONT></P>
 <P><FONT
 FACE="Arial"> <B>Part 2 -</B></FONT></P>
 <P><FONT
 FACE="Arial">Participants are fully vested in their participant contributions.
   Upon termination of employment for any reason, including death, retirement
   or total and permanent disability, or upon Plan termination, the balance in
   participants' accounts are distributable. </FONT></P>
 <P><B><FONT
 FACE="Arial, Helvetica, sans-serif">Transfers from Part 1 to Part
   2</FONT></B></P>
 <P><FONT
 FACE="Arial">On a monthly basis, participants in Part 1 are allowed to
   transfer some or all of their vested balances in the Part 1 accounts to Part
   2 of the Plan. Participants are allowed only one such transfer per
   month.</FONT></P>
 <P><B><FONT
 FACE="Arial">Administration</FONT></B></P>
 <P><FONT
 FACE="Arial">The Plan is administered by the Investment Plan Committee, which
   is responsible for nonfinancial matters, and the Benefits Funds Committee,
   which is responsible for financial aspects of the Plan. Caterpillar Inc. and
   the Benefit Funds Committee have entered into trust agreements with The
   Northern Trust Company to receive contributions, administer the assets of
   the Plan and distribute withdrawals pursuant to the Plan. </FONT></P>
 <P><B><FONT
 FACE="Arial">Plan termination</FONT></B></P>
 <P><FONT
 FACE="Arial, Helvetica, sans-serif">Although it has not expressed any intent
   to do so, the Company has the right under the Plan to discontinue its
   contributions at any time and to terminate the Plan subject to the
   provisions of ERISA. </FONT><FONT
 FACE="Arial">In the event of Plan termination, each participant in Part 1
   shall have a fully vested interest in the assets attributable to employer
   contributions and earnings thereon. Any unallocated assets of the plan will
   be allocated to participant accounts and distributed in such a manner as the
   company may determine.</FONT></P>
 <P><B><FONT
 FACE="Arial">Federal income tax status</FONT></B></P>
 <P><FONT
 FACE="Arial">The Internal Revenue Service has determined and informed the
   Company by letter dated April 13, 1999, that the Plan and related trust are
   designed in accordance with applicable sections of the Internal Revenue Code
   (IRC). The Plan has been amended subsequent to the determination letter;
   however, the Plan administrator believes that the Plan is designed and is
   currently being operated in compliance with the applicable requirements of
   the IRC. Therefore, they believe that the Plan is qualified and the related
   trust is tax-exempt as of the financial statement date.</FONT></P>
 <P><B><FONT
 FACE="Arial">Risks and uncertainties</FONT></B></P>
 <P><FONT
 FACE="Arial">The Plan provides for various investment options in any
   combination of stocks, bonds, fixed income securities, mutual funds and
   other investment securities. Investment securities are exposed to various
   risks, such as interest rate, market and credit risks. Due to the level of
   risk associated with certain investment securities, it is at least
   reasonably possible that changes in the values of investment securities
   could occur in the near term and that such changes could materially affect
   participants' account balances and the amounts reported in the statement of
   net assets available for benefits.</FONT></P>
 <P><U><FONT
 FACE="Arial"></FONT></U></P>
 <P><FONT
 FACE="Arial"><B><U>NOTE 2 - SUMMARY OF SIGNIFICANT </U></B></FONT><U><B><FONT
 FACE="Arial">ACCOUNTING POLICIES:</FONT> </B></U></P>
 <P><B><FONT
 FACE="Arial">New accounting standards</FONT></B></P>
 <P><FONT
 FACE="Arial">In September 1999, the Accounting Standards Executive Committee
   of the American Institute of Certified Public Accountants issued Statement
   of Position (SOP) 99-3, <I>Accounting for and Reporting of Certain Defined
   Contribution Benefit Plan Investments and Other Disclosure Matters</I> (SOP
   99-3). This SOP simplifies the disclosure of certain investment information
   of defined contribution plans. SOP 99-3 is effective for financial
   statements for plan years ending after December 15, 1999, with earlier
   application encouraged. The Plan has elected to adopt the provisions of this
   SOP for its Plan year ended November 30, 1999. The primary impact on the
   1999 financial statements is the elimination of previously provided
   information by investment fund option.</FONT></P>
 <P><B><FONT
 FACE="Arial">Basis of accounting</FONT></B></P>
 <P><FONT
 FACE="Arial">The Plan's accounts are maintained on the accrual basis of
   accounting. </FONT></P>
 <P><B><FONT
 FACE="Arial">Investments</FONT></B></P>
 <P><FONT
 FACE="Arial">The Plan's investments are stated at fair value. The Caterpillar
   Inc. common stock is valued at quoted market prices. The fair value of the
   Plan's investment in the Collective Government Short-Term Investment Fund
   and the 401(k) Master Trust (Note 4) is based upon the beginning of the year
   value of the Plan's investment plus actual contributions, transfers and
   allocated investment income less actual withdrawals. Shares of registered
   investment companies included in the self-directed fund option are valued at
   quoted market prices which represent the net asset value of shares held by
   the Plan at year end. Income from investments is recorded as
   earned.</FONT></P>
 <P><B><FONT
 FACE="Arial">Contributions</FONT></B></P>
 <P><FONT
 FACE="Arial">Contributions to the Caterpillar Common Stock Fund under Part 1
   of the Plan are made directly to the trust and shares are immediately
   purchased by the trust on the open market. </FONT></P>
 <P><B><FONT
 FACE="Arial">Transfers payable</FONT></B></P>
 <P><FONT
 FACE="Arial">As detailed in Note 1, on a monthly basis, participants in Part 1
   are allowed to transfer vested balances in the Part 1 accounts to Part 2 of
   the Plan. At November 30, transfers payable represent such transfers for the
   month of November. The related receivable is recorded by the Master Trust
   and is included in the Plan's Investment in the Master Trust Net Assets at
   November 30, 1999 and 1998. </FONT></P>
 <P><B><FONT
 FACE="Arial">Administrative expenses</FONT></B></P>
 <P><FONT
 FACE="Arial">Administrative costs, including trustee fees and certain
   investment costs, are paid by the Company. </FONT></P>
 <P><B><FONT
 FACE="Arial">Use of estimates in the preparation of financial
   statements</FONT></B></P>
 <P><FONT
 FACE="Arial">The preparation of financial statements in conformity with
   generally accepted accounting principles requires management to make
   estimates and assumptions that affect the reported amounts of assets,
   liabilities, income and benefit payments. Actual results could differ from
   those estimates. The Company believes the techniques and assumptions used in
   establishing these amounts are appropriate. </FONT></P>
 <P><FONT
 FACE="Arial"><U>NOTE 3 - INVESTMENTS</U>:</FONT></P>
 <P><FONT
 FACE="Arial">All employer matching contributions under Part 1 of the Plan are
   directed by the Company into a Caterpillar Inc. Common Stock Fund. By
   definition, this fund is nonparticipant directed. Details of the net assets
   of Part 1 - Caterpillar Inc. Common Stock Fund and significant components of
   the changes in net assets relating to this fund are as follows: </FONT></P>
 <TABLE WIDTH="100%" BORDER="0">
  <TR>
   <TD>&nbsp;</TD>
   <TD COLSPAN="2"> <P ALIGN="center"><FONT
   FACE="Arial" SIZE="1">November 30,</FONT> <HR NOSHADE WIDTH="80%" SIZE="1"
     ALIGN="center"> </TD>
  </TR>
  <TR>
   <TD>&nbsp;</TD>
   <TD VALIGN="bottom"> <P ALIGN="center"><FONT
   FACE="Arial" SIZE="1">1999 </FONT> <HR NOSHADE WIDTH="80%" SIZE="1"
     ALIGN="center"> </TD>
   <TD VALIGN="bottom"> <DIV ALIGN="center"><FONT
   FACE="Arial" SIZE="1">1998</FONT> </DIV>
   <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="center"> </TD>
  </TR>
  <TR>
   <TD> <P><FONT
   FACE="Arial">Net assets - Part 1 - Caterpillar Inc. Common Stock
     Fund:</FONT></P>
   </TD>
   <TD>&nbsp;</TD>
   <TD>&nbsp;</TD>
  </TR>
  <TR>
   <TD> <P><FONT
   FACE="Arial">&nbsp;&nbsp;&nbsp;&nbsp;Common stock</FONT></P>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial"> $ 795,329</FONT></DIV>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial"> $ 892,674</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD> <P><FONT
   FACE="Arial">&nbsp;&nbsp;&nbsp;&nbsp;Common and Collective Trust</FONT></P>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial">29</FONT> </DIV>
   </TD>
   <TD> <DIV ALIGN="right"></DIV>
   </TD>
  </TR>
  <TR>
   <TD> <P><FONT
   FACE="Arial">&nbsp;&nbsp;&nbsp;&nbsp;Employer contributions receivable
     </FONT></P>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial">841</FONT></DIV>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial"> 1,186</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD HEIGHT="19"> <P><FONT
   FACE="Arial">&nbsp;&nbsp;&nbsp;&nbsp;Participant contributions receivable
     </FONT></P>
   </TD>
   <TD HEIGHT="19"> <DIV ALIGN="right"><FONT
   FACE="Arial">1,493 </FONT></DIV>
   </TD>
   <TD HEIGHT="19"> <DIV ALIGN="right"><FONT
   FACE="Arial">1,990</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD> <P><FONT
   FACE="Arial">&nbsp;&nbsp;&nbsp;&nbsp;Interest and dividends receivable
     </FONT></P>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial">13 </FONT></DIV>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial">14</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD HEIGHT="19"> <P><FONT
   FACE="Arial">&nbsp;&nbsp;&nbsp;&nbsp;Transfers payable to Part 2</FONT></P>
   </TD>
   <TD HEIGHT="19"> <DIV ALIGN="right"><FONT
   FACE="Arial"> (3,881)</FONT></DIV>
   </TD>
   <TD HEIGHT="19"> <DIV ALIGN="right"><FONT
   FACE="Arial"> (3,712)</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD> <P><FONT
   FACE="Arial">&nbsp;&nbsp;&nbsp;&nbsp;Other payables </FONT></P>
   </TD>
   <TD> <DIV ALIGN="right"></DIV>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial">(5)</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD>&nbsp;</TD>
   <TD> <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="right"> </TD>
   <TD> <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="right"> </TD>
  </TR>
  <TR>
   <TD> <P><FONT
   FACE="Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net assets -
     Part 1 - Caterpillar Inc. Common Stock Fund</FONT></P>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial">$ 793,824 </FONT></DIV>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial">$ 892,147</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD>&nbsp;</TD>
   <TD> <HR NOSHADE WIDTH="80%" SIZE="2" ALIGN="right"> </TD>
   <TD> <HR NOSHADE WIDTH="80%" SIZE="2" ALIGN="right"> </TD>
  </TR>
 </TABLE>
 <P><B></B></P>
 <P><FONT
 FACE="Arial"> </FONT></P>
 <TABLE WIDTH="100%" BORDER="0">
  <TR>
   <TD>&nbsp;</TD>
   <TD COLSPAN="2"> <P ALIGN="center"><FONT
   FACE="Arial" SIZE="1"> For the year ended
   <BR>
   November 30,</FONT> <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="center"> </TD>
  </TR>
  <TR>
   <TD>&nbsp;</TD>
   <TD VALIGN="bottom"> <P ALIGN="center"><FONT
   FACE="Arial" SIZE="1">1999 </FONT> <HR NOSHADE WIDTH="80%" SIZE="1"
     ALIGN="center"> </TD>
   <TD VALIGN="bottom"> <DIV ALIGN="center"><FONT
   FACE="Arial" SIZE="1">1998</FONT> </DIV>
   <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="center"> </TD>
  </TR>
  <TR>
   <TD> <P><FONT
   FACE="Arial">Changes in net assets - Part 1 - Caterpillar Inc. Common Stock
     Fund:</FONT></P>
   </TD>
   <TD>&nbsp;</TD>
   <TD>&nbsp;</TD>
  </TR>
  <TR>
   <TD> <P><FONT
   FACE="Arial">&nbsp;&nbsp;&nbsp;&nbsp;Employer contributions </FONT></P>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial">$ 61,478</FONT></DIV>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial"> $ 58,167</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD> <P><FONT
   FACE="Arial">&nbsp;&nbsp;&nbsp;&nbsp;Participant contributions </FONT></P>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial">33,013</FONT></DIV>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial"> 32,627</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD> <P><FONT
   FACE="Arial">&nbsp;&nbsp;&nbsp;&nbsp;Interest and dividends </FONT></P>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial">22,042</FONT></DIV>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial"> 19,980</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD> <P><FONT
   FACE="Arial">&nbsp;&nbsp;&nbsp;&nbsp;Net (depreciation)
     appreciation</FONT></P>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial"> (46,636)</FONT></DIV>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial"> 32,107</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD> <P><FONT
   FACE="Arial">&nbsp;&nbsp;&nbsp;&nbsp;Withdrawals</FONT></P>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial"> (85,215) </FONT></DIV>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial">(59,632)</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD> <P><FONT
   FACE="Arial">&nbsp;&nbsp;&nbsp;&nbsp;Transfers to participant-directed
     investments </FONT></P>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial"> (83,005) </FONT></DIV>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial">(82,906)</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD>&nbsp;</TD>
   <TD> <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="right"> </TD>
   <TD> <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="right"> </TD>
  </TR>
  <TR>
   <TD HEIGHT="18">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT
   FACE="Arial">Net (decrease) increase</FONT></TD>
   <TD HEIGHT="18"> <P ALIGN="right"><FONT
   FACE="Arial">$ (98,323) </FONT></P>
   </TD>
   <TD HEIGHT="18"> <DIV ALIGN="right"><FONT
   FACE="Arial">$ 343</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD>&nbsp;</TD>
   <TD> <HR NOSHADE WIDTH="80%" SIZE="2" ALIGN="right"> </TD>
   <TD> <HR NOSHADE WIDTH="80%" SIZE="2" ALIGN="right"> </TD>
  </TR>
 </TABLE>
 <P><FONT
 FACE="Arial">The following table presents individual investments that
   represent 5% or more of the Plan's net assets at November 30. Any of these
   investments that are also nonparticipant-directed are further identified
   with an asterisk(*). </FONT></P>

 <TABLE WIDTH="100%" BORDER="0">
  <TR>
   <TD>&nbsp;</TD>
   <TD VALIGN="bottom"> <P ALIGN="center"><FONT
   FACE="Arial" SIZE="1">1999</FONT> <HR NOSHADE WIDTH="80%" SIZE="1"
     ALIGN="center"> </TD>
   <TD VALIGN="bottom"> <DIV ALIGN="center"><FONT
   FACE="Arial" SIZE="1">1998</FONT> </DIV>
   <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="center"> </TD>
  </TR>
  <TR>
   <TD> <P>&nbsp;</P>
   </TD>
   <TD><FONT
   FACE="Arial"> </FONT></TD>
   <TD><FONT
   FACE="Arial"> </FONT></TD>
  </TR>
  <TR>
   <TD> <P><FONT
   FACE="Arial">Caterpillar Inc. Common Stock</FONT></P>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial">$ 795,329*</FONT></DIV>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial">$ 892,174*</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   FACE="Arial">Investments in Caterpillar Inc. 401(k) Master Trust net assets
     </FONT></TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial">1,415,230 </FONT></DIV>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial">1,220,856</FONT></DIV>
   </TD>
  </TR>
 </TABLE>
 <P><FONT
 FACE="Arial"><U><FONT
 SIZE="2">NOTE 4 - MASTER TRUST</FONT></U><FONT
 SIZE="2">:</FONT></FONT></P>
 <P><FONT
 FACE="Arial">Under a Master Trust agreement with The Northern Trust Company
   (the Trustee), Part 2 of the Caterpillar Inc. Employees' Investment Plan
   (EIP), the Solar Turbines Incorporated Savings and Investment Plan and the
   Caterpillar Inc. Tax Deferred Savings Plan pool their investments in the
   Caterpillar Inc. 401(k) Master Trust (the Master Trust) in exchange for a
   percentage of participation in the Trust. </FONT></P>
 <P><FONT
 FACE="Arial">The Master Trust invests in the Preferred Group of Mutual Funds,
   registered investment companies which are sponsored by Caterpillar
   Investment Management Ltd. (CIML), a wholly-owned subsidiary of the Company.
   The options available to the participants through the Preferred Group of
   Mutual Funds are described in Note 1. </FONT></P>
 <P><FONT
 FACE="Arial">CIML manages the Preferred Small Cap Fund and the Preferred
   Short-Term Government Fund. All other funds are managed by unrelated
   investment managers. Caterpillar Securities, Inc., a wholly-owned subsidiary
   of CIML, distributes the shares of the mutual funds to the Master Trust.
   </FONT></P>
 <P><FONT
 FACE="Arial">The percentage of the Plan's participation in the Master Trust
   was determined based on the November&#160;30, 1999 and 1998 market values of
   net assets, as accumulated by the Trustee for the investment funds of each
   plan. At November 30, 1999 and 1998, the Plan's pro rata interest in the
   quoted market values of net assets of the Master Trust was 83.59% and
   83.30%, respectively. </FONT></P>
 <P><B><FONT
 FACE="Arial">Investment valuation</FONT></B></P>
 <P><FONT
 FACE="Arial">The Master Trust's investments are stated at fair value. Common
   stock and cash and cash equivalents are valued at quoted market prices.
   Shares of registered investment companies are valued at quoted market prices
   which represent the net asset value of shares held by the Master Trust at
   year end. Participant loans are valued at cost which approximates fair
   value. </FONT></P>
 <P><FONT
 FACE="Arial">The net investment income or loss of the Master Trust is
   reflected in the financial statements of the Plan based on the actual
   earnings of each investment fund as allocated to the Plan based on average
   investment balances throughout the year. Details of the net assets and
   significant components of the changes in net assets of the Master Trust are
   as follows: </FONT></P>

 <TABLE WIDTH="100%" BORDER="0" CELLPADDING="0" CELLSPACING="0">
  <TR>
   <TD>&nbsp;</TD>
   <TD COLSPAN="2"> <P ALIGN="center"><FONT
   FACE="Arial" SIZE="1">November 30,</FONT> <HR NOSHADE WIDTH="90%" SIZE="1"
     ALIGN="center"> </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD>&nbsp;</TD>
   <TD> <P ALIGN="center"><FONT
   FACE="Arial" SIZE="1">1999 </FONT> <HR NOSHADE WIDTH="80%" SIZE="1"
     ALIGN="center"> </TD>
   <TD> <DIV ALIGN="center"><FONT
   FACE="Arial" SIZE="1">1998</FONT> </DIV>
   <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="center"> </TD>
  </TR>
  <TR>
   <TD> <P><FONT
   FACE="Arial" SIZE="2">Investments, at fair value:</FONT></P>
   </TD>
   <TD><FONT
   SIZE="2"></FONT></TD>
   <TD><FONT
   SIZE="2"></FONT></TD>
  </TR>
  <TR>
   <TD> <P><FONT
   FACE="Arial" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents
     </FONT></P>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial" SIZE="2">$ 28,342 </FONT></DIV>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial" SIZE="2">$ 17,876</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD> <P><FONT
   FACE="Arial" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;Common stock </FONT></P>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial" SIZE="2">324,010</FONT></DIV>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial" SIZE="2"> 334,345</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD> <P><FONT
   FACE="Arial" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;Registered investment
     companies </FONT></P>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial" SIZE="2">1,319,369 </FONT></DIV>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial" SIZE="2">1,080,128</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD> <P><FONT
   FACE="Arial" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;Participant loans </FONT></P>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial" SIZE="2">27,225 </FONT></DIV>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial" SIZE="2">24,784</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   SIZE="2"></FONT></TD>
   <TD> <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="right"> </TD>
   <TD> <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="right"> </TD>
  </TR>
  <TR>
   <TD> <P><FONT
   FACE="Arial"
     SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total
     investments </FONT></P>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial" SIZE="2">1,698,946 </FONT></DIV>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial" SIZE="2">1,457,133</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD>&nbsp;</TD>
   <TD>&nbsp;</TD>
   <TD>&nbsp;</TD>
  </TR>
  <TR>
   <TD> <P><FONT
   FACE="Arial" SIZE="2">Dividend and interest receivable </FONT></P>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial" SIZE="2">121 </FONT></DIV>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial" SIZE="2">45</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD> <P><FONT
   FACE="Arial" SIZE="2">Transfers receivable from EIP Part 1 </FONT></P>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial" SIZE="2">3,939 </FONT></DIV>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial" SIZE="2">3,726</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD> <P><FONT
   FACE="Arial" SIZE="2">Contributions receivable </FONT></P>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial" SIZE="2">5,773 </FONT></DIV>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial" SIZE="2">5,962</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD> <P><FONT
   FACE="Arial" SIZE="2">Payable due to broker </FONT></P>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial" SIZE="2">(11,332)</FONT> </DIV>
   </TD>
   <TD> <DIV ALIGN="right"></DIV>
   </TD>
  </TR>
  <TR>
   <TD> <P><FONT
   FACE="Arial" SIZE="2">Other receivable/(payable), net </FONT></P>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial" SIZE="2">177 </FONT></DIV>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial" SIZE="2">192</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   SIZE="2"></FONT></TD>
   <TD> <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="right"> </TD>
   <TD> <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="right"> </TD>
  </TR>
  <TR>
   <TD> <P><FONT
   FACE="Arial"
     SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net
     assets of Master Trust</FONT></P>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial" SIZE="2">$1,697,624 </FONT></DIV>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial" SIZE="2">$1,467,058</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   SIZE="2"></FONT></TD>
   <TD> <HR NOSHADE WIDTH="80%" SIZE="2" ALIGN="right"> </TD>
   <TD> <HR NOSHADE WIDTH="80%" SIZE="2" ALIGN="right"> </TD>
  </TR>
  <TR>
   <TD><FONT
   SIZE="2"></FONT></TD>
   <TD><FONT
   SIZE="2"></FONT></TD>
   <TD><FONT
   SIZE="2"></FONT></TD>
  </TR>
  <TR>
   <TD HEIGHT="20"><FONT
   SIZE="2">&nbsp;</FONT></TD>
   <TD HEIGHT="20"><FONT
   SIZE="2">&nbsp;</FONT></TD>
   <TD HEIGHT="20"><FONT
   SIZE="2">&nbsp;</FONT></TD>
  </TR>
  <TR>
   <TD>&nbsp;</TD>
   <TD COLSPAN="2"> <P ALIGN="center"><FONT
   FACE="Arial" SIZE="1">For the year ended
   <BR>
   November 30,</FONT> <HR NOSHADE WIDTH="90%" SIZE="1" ALIGN="center"> </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD>&nbsp;</TD>
   <TD> <P ALIGN="center"><FONT
   FACE="Arial" SIZE="1">1999 </FONT> <HR NOSHADE WIDTH="80%" SIZE="1"
     ALIGN="center"> </TD>
   <TD> <DIV ALIGN="center"><FONT
   FACE="Arial" SIZE="1">1998</FONT> </DIV>
   <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="center"> </TD>
  </TR>
  <TR>
   <TD> <P><FONT
   FACE="Arial" SIZE="2">Investment income:</FONT></P>
   </TD>
   <TD><FONT
   SIZE="2"></FONT></TD>
   <TD><FONT
   SIZE="2"></FONT></TD>
  </TR>
  <TR>
   <TD> <P><FONT
   FACE="Arial" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;Interest </FONT></P>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial" SIZE="2">$ 2,856</FONT></DIV>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial" SIZE="2"> $ 2,983</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD> <P><FONT
   FACE="Arial" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;Dividends </FONT></P>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial" SIZE="2">7,597</FONT></DIV>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial" SIZE="2"> 7,772</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD> <P><FONT
   FACE="Arial" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;Net appreciation
     (depreciation) in fair value of:</FONT></P>
   </TD>
   <TD> <DIV ALIGN="right"></DIV>
   </TD>
   <TD> <DIV ALIGN="right"></DIV>
   </TD>
  </TR>
  <TR>
   <TD> <P><FONT
   FACE="Arial" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common
     stock</FONT></P>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial" SIZE="2"> (4,697) </FONT></DIV>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial" SIZE="2">10,987</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD> <P><FONT
   FACE="Arial" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Registered
     investment companies</FONT></P>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial" SIZE="2"> 202,270 </FONT></DIV>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial" SIZE="2">111,962</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   SIZE="2"></FONT></TD>
   <TD> <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="right"> </TD>
   <TD> <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="right"> </TD>
  </TR>
  <TR>
   <TD> <P><FONT
   FACE="Arial" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net
     investment income </FONT></P>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial" SIZE="2">208,026 </FONT></DIV>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial" SIZE="2">133,704</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD>&nbsp;</TD>
   <TD>&nbsp;</TD>
   <TD>&nbsp;</TD>
  </TR>
  <TR>
   <TD> <P><FONT
   FACE="Arial" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;Contributions to all
     plans</FONT></P>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial" SIZE="2"> 80,300 </FONT></DIV>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial" SIZE="2">94,162</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD> <P><FONT
   FACE="Arial" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;Withdrawals from all plans
     </FONT></P>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial" SIZE="2">(127,000) </FONT></DIV>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial" SIZE="2">(73,232)</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD> <P><FONT
   FACE="Arial" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;Transfers from EIP Part
     1</FONT></P>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial" SIZE="2"> 83,660 </FONT></DIV>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial" SIZE="2">84,066</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD HEIGHT="2"> <P><FONT
   FACE="Arial" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;Interfund transfers (to) from
     self-directed brokerage account, net </FONT></P>
   </TD>
   <TD HEIGHT="2"> <DIV ALIGN="right"><FONT
   FACE="Arial" SIZE="2">(14,420) </FONT></DIV>
   </TD>
   <TD HEIGHT="2"> <DIV ALIGN="right"><FONT
   FACE="Arial" SIZE="2">(1,125)</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   SIZE="2"></FONT></TD>
   <TD> <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="right"> </TD>
   <TD> <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="right"> </TD>
  </TR>
  <TR>
   <TD> <P><FONT
   FACE="Arial" SIZE="2">Increase in Master Trust net assets</FONT></P>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial" SIZE="2"> 230,566 </FONT></DIV>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial" SIZE="2">237,575</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD>&nbsp;</TD>
   <TD>&nbsp;</TD>
   <TD>&nbsp;</TD>
  </TR>
  <TR>
   <TD> <P><FONT
   FACE="Arial" SIZE="2">Master Trust net assets:</FONT></P>
   </TD>
   <TD> <DIV ALIGN="right"></DIV>
   </TD>
   <TD> <DIV ALIGN="right"></DIV>
   </TD>
  </TR>
  <TR>
   <TD> <P><FONT
   FACE="Arial" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;Beginning of year</FONT></P>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial" SIZE="2"> 1,467,058 </FONT></DIV>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial" SIZE="2">1,229,483</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   SIZE="2"></FONT></TD>
   <TD> <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="right"> </TD>
   <TD> <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="right"> </TD>
  </TR>
  <TR>
   <TD> <P><FONT
   FACE="Arial" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;End of year</FONT></P>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial" SIZE="2"> $1,697,624 </FONT></DIV>
   </TD>
   <TD> <DIV ALIGN="right"><FONT
   FACE="Arial" SIZE="2">$1,467,058</FONT></DIV>
   </TD>
  </TR>
  <TR>
   <TD><FONT
   SIZE="2"></FONT></TD>
   <TD> <HR NOSHADE WIDTH="80%" SIZE="2" ALIGN="right"> </TD>
   <TD> <HR NOSHADE WIDTH="80%" SIZE="2" ALIGN="right"> </TD>
  </TR>
 </TABLE>
 <DIV ALIGN="center"></DIV>
 <DIV ALIGN="center">SUPPLEMENTAL SCHEDULES</DIV>
 <P ALIGN="RIGHT"><FONT
 SIZE="2"><B><U><FONT
 FACE="Arial">SCHEDULE I</FONT></U></B></FONT></P>
 <P ALIGN="CENTER"><FONT
 SIZE="2"><U><FONT
 FACE="Arial">CATERPILLAR INC.</FONT></U></FONT></P>
 <P ALIGN="CENTER"><FONT
 SIZE="2"><U><FONT
 FACE="Arial">EMPLOYEES' INVESTMENT PLAN</FONT></U></FONT></P>
 <P ALIGN="CENTER"><FONT
 SIZE="2"><U><FONT
 FACE="Arial">ITEM 27a - SCHEDULE OF ASSETS HELD FOR
   INVESTMENT</FONT></U></FONT></P>
 <P ALIGN="CENTER"><FONT
 SIZE="2"><U><FONT
 FACE="Arial">PURPOSES AT END OF YEAR</FONT></U></FONT></P>
 <P ALIGN="CENTER"><FONT
 SIZE="2"><U><FONT
 FACE="Arial">NOVEMBER 30, 1999</FONT></U></FONT></P>
 <P>
 <TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="80%">
  <TR>
   <TD VALIGN="TOP" WIDTH="25"> <P><FONT
   FACE="Arial" SIZE="1">(a)</FONT></P>
   </TD>
   <TD VALIGN="TOP" WIDTH="166"> <P ALIGN="CENTER"><FONT
   FACE="Arial" SIZE="1">(b)</FONT></P>
   </TD>
   <TD VALIGN="TOP" WIDTH="362"> <P ALIGN="CENTER"><FONT
   FACE="Arial" SIZE="1">(c)</FONT></P>
   </TD>
   <TD VALIGN="TOP" WIDTH="99"> <P ALIGN="CENTER"><FONT
   FACE="Arial" SIZE="1">(d)</FONT></P>
   </TD>
   <TD VALIGN="TOP" WIDTH="139"> <P ALIGN="CENTER"><FONT
   FACE="Arial" SIZE="1">(e)</FONT></P>
   </TD>
  </TR>
  <TR VALIGN="bottom">
   <TD WIDTH="25"><FONT
   SIZE="1">&#160; </FONT></TD>
   <TD WIDTH="166"> <P ALIGN="CENTER"><FONT
   FACE="Arial" SIZE="1">Identity of issue,</FONT><FONT
   SIZE="1">
   <BR>
   <FONT
   FACE="Arial">borrower, lessor
   <BR>
   or similar party</FONT></FONT> <HR NOSHADE WIDTH="80%" SIZE="1"
     ALIGN="center"> </TD>
   <TD WIDTH="362"> <P ALIGN="CENTER"><FONT
   FACE="Arial" SIZE="1">Description of investment, including</FONT><FONT
   SIZE="1">
   <BR>
   <FONT
   FACE="Arial">maturity date, rate of interest,
   <BR>
   </FONT><FONT
   FACE="Arial">collateral, par or maturity value</FONT></FONT> <HR NOSHADE
     WIDTH="80%" SIZE="1" ALIGN="center"> </TD>
   <TD WIDTH="99"> <P ALIGN="CENTER"><FONT
   SIZE="1"><FONT
   FACE="Arial">Cost</FONT></FONT> <HR NOSHADE WIDTH="80%" SIZE="1"
     ALIGN="center"> </TD>
   <TD WIDTH="139"> <P ALIGN="CENTER"><FONT
   FACE="Arial" SIZE="1">Current
   <BR>
   </FONT><FONT
   SIZE="1"><FONT
   FACE="Arial">value</FONT></FONT> <HR NOSHADE WIDTH="80%" SIZE="1"
     ALIGN="center"> </TD>
  </TR>
  <TR>
   <TD VALIGN="TOP" WIDTH="25"> <P><FONT
   FACE="Arial" SIZE="2">*</FONT></P>
   </TD>
   <TD VALIGN="TOP" WIDTH="166"> <DIV ALIGN="left"> </DIV>
   <P ALIGN="left"><FONT
   FACE="Arial" SIZE="2">Caterpillar Inc.</FONT></P>
   </TD>
   <TD VALIGN="TOP" WIDTH="362"> <P><FONT
   FACE="Arial" SIZE="2">Common stock; 17,149,935 shares</FONT></P>
   </TD>
   <TD VALIGN="TOP" WIDTH="99"> <P ALIGN="right"><FONT
   FACE="Arial" SIZE="2">$506,593,058</FONT> </P>
   </TD>
   <TD VALIGN="TOP" WIDTH="139"> <P ALIGN="right"><FONT
   FACE="Arial" SIZE="2">$795,328,236</FONT></P>
   </TD>
  </TR>
  <TR>
   <TD VALIGN="TOP" WIDTH="25"><FONT
   SIZE="2">&#160; </FONT></TD>
   <TD VALIGN="TOP" WIDTH="166"> <DIV ALIGN="left"><FONT
   SIZE="2">&#160; </FONT></DIV>
   </TD>
   <TD VALIGN="TOP" WIDTH="362"><FONT
   SIZE="2">&#160; </FONT></TD>
   <TD VALIGN="TOP" WIDTH="99"> <HR NOSHADE SIZE="2" WIDTH="80%" ALIGN="right">
     </TD>
   <TD VALIGN="TOP" WIDTH="139"> <HR NOSHADE SIZE="2" WIDTH="80%"
     ALIGN="right"> </TD>
  </TR>
  <TR>
   <TD VALIGN="TOP" WIDTH="25"><FONT
   FACE="Arial" SIZE="2">*</FONT></TD>
   <TD VALIGN="TOP" WIDTH="166"><FONT
   FACE="Arial" SIZE="2">Northern Trust</FONT></TD>
   <TD VALIGN="TOP" WIDTH="362"><FONT
   FACE="Arial" SIZE="2">Collective Short Term Investment Fund; 29,007 units
     </FONT></TD>
   <TD VALIGN="top" WIDTH="99"> <DIV ALIGN="center"><FONT
   FACE="Arial" SIZE="2">**</FONT></DIV>
   </TD>
   <TD VALIGN="top" WIDTH="139"> <DIV ALIGN="right"><FONT
   FACE="Arial" SIZE="2">29,007</FONT> </DIV>
   </TD>
  </TR>
  <TR>
   <TD VALIGN="TOP" WIDTH="25">&nbsp;</TD>
   <TD VALIGN="TOP" WIDTH="166">&nbsp;</TD>
   <TD VALIGN="TOP" WIDTH="362">&nbsp;</TD>
   <TD VALIGN="bottom" WIDTH="99">&nbsp;</TD>
   <TD VALIGN="bottom" WIDTH="139"> <HR NOSHADE SIZE="1" WIDTH="80%"
     ALIGN="right"> </TD>
  </TR>
  <TR>
   <TD VALIGN="TOP" WIDTH="25"> <P><FONT
   FACE="Arial" SIZE="2">*</FONT></P>
   </TD>
   <TD VALIGN="TOP" WIDTH="166"> <DIV ALIGN="left"> </DIV>
   <P ALIGN="left"><FONT
   FACE="Arial" SIZE="2">Northern Trust</FONT></P>
   </TD>
   <TD VALIGN="TOP" WIDTH="362"> <P><FONT
   FACE="Arial" SIZE="2">Collective Government Short-Term Investment Fund;
     12,228,283 units</FONT></P>
   </TD>
   <TD VALIGN="bottom" WIDTH="99"> <DIV ALIGN="center"><FONT
   FACE="Arial" SIZE="2">**</FONT></DIV>
   </TD>
   <TD VALIGN="bottom" WIDTH="139"> <P ALIGN="right"><FONT
   FACE="Arial" SIZE="2">12,228,283</FONT> </P>
   </TD>
  </TR>
  <TR>
   <TD VALIGN="TOP" WIDTH="25"><FONT
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   <TD VALIGN="TOP" WIDTH="166">&nbsp;</TD>
   <TD VALIGN="TOP" WIDTH="362">&nbsp;</TD>
   <TD VALIGN="TOP" WIDTH="99">&nbsp;</TD>
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   <TD VALIGN="TOP" WIDTH="362"><FONT
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   <TD VALIGN="TOP" WIDTH="99"><FONT
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   <TD VALIGN="TOP" WIDTH="99"><FONT
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   <TD VALIGN="TOP" WIDTH="25"><FONT
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   <TD VALIGN="TOP" WIDTH="166"> <DIV ALIGN="left"><FONT
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   <TD VALIGN="TOP" WIDTH="99"><FONT
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   <TD VALIGN="TOP" WIDTH="99"><FONT
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   <TD VALIGN="TOP" WIDTH="166"> <DIV ALIGN="left"><FONT
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   <TD VALIGN="TOP" WIDTH="99"><FONT
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   <TD VALIGN="TOP" WIDTH="25"><FONT
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   <TD VALIGN="TOP" WIDTH="99"><FONT
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   FACE="Arial" SIZE="2">2,673</FONT></P>
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   FACE="Arial" SIZE="2">28,439</FONT></P>
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   FACE="Arial" SIZE="2">3,580</FONT></P>
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   <TD VALIGN="TOP" WIDTH="166"> <DIV ALIGN="left"><FONT
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   FACE="Arial" SIZE="2">4,602</FONT></P>
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   FACE="Arial" SIZE="2">6,278</FONT></P>
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   FACE="Arial" SIZE="2">4,790</FONT></P>
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   <TD VALIGN="TOP" WIDTH="166"> <DIV ALIGN="left"><FONT
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   <TD VALIGN="TOP" WIDTH="166"> <DIV ALIGN="left"><FONT
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  <TR>
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   <TD VALIGN="TOP" WIDTH="166"> <P ALIGN="left"><FONT
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   <TD VALIGN="TOP" WIDTH="139"> <P ALIGN="right"><FONT
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   <TD VALIGN="TOP" WIDTH="166"> <DIV ALIGN="left"><FONT
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  <TR>
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   <TD VALIGN="TOP" WIDTH="166"> <DIV ALIGN="left"><FONT
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   <TD WIDTH="23"></TD>
   <TD WIDTH="145"></TD>
   <TD WIDTH="309"></TD>
   <TD WIDTH="96"></TD>
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   FACE="Arial" SIZE="2">15,398</FONT></P>
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 <P> <P>
 <TABLE CELLPADDING="0" CELLSPACING="0">
  <TR>
   <TD WIDTH="23"></TD>
   <TD WIDTH="144"></TD>
   <TD WIDTH="310"></TD>
   <TD WIDTH="96"></TD>
   <TD WIDTH="104"></TD>
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    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
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   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <P ALIGN="left"><FONT
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    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">1,440</FONT></P>
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <P ALIGN="left"><FONT
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    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">74,005</FONT></P>
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <P ALIGN="left"><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">4,364</FONT></P>
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <DIV ALIGN="left"><FONT
    SIZE="2">&#160; </FONT></DIV>
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    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">9,853</FONT></P>
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <DIV ALIGN="left"><FONT
    SIZE="2">&#160; </FONT></DIV>
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    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">243</FONT></P>
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <DIV ALIGN="left"><FONT
    SIZE="2">&#160; </FONT></DIV>
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    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">23,852</FONT></P>
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <P ALIGN="left"><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">94,747</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <DIV ALIGN="left"><FONT
    SIZE="2">&#160; </FONT></DIV>
    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">6,181</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <DIV ALIGN="left"><FONT
    SIZE="2">&#160; </FONT></DIV>
    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">266,561</FONT></P>
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <P ALIGN="left"><FONT
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    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">36,648</FONT></P>
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <DIV ALIGN="left"><FONT
    SIZE="2">&#160; </FONT></DIV>
    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">3,607</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <P ALIGN="left"><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">87,543</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <P ALIGN="left"><FONT
    FACE="Arial" SIZE="2">IAI</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Bond; 1,642.94 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">14,162</FONT></P>
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <P ALIGN="left"><FONT
    FACE="Arial" SIZE="2">IPS</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">20,240</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <P ALIGN="left"><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Endeavor N/C; 1,434.11 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">29,571</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <DIV ALIGN="left"><FONT
    SIZE="2">&#160; </FONT></DIV>
    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Energy N/C; 6,093.87 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">82,816</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <DIV ALIGN="left"><FONT
    SIZE="2">&#160; </FONT></DIV>
    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Gold N/C; 22,486.71 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">39,127</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <DIV ALIGN="left"><FONT
    SIZE="2">&#160; </FONT></DIV>
    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Health Sciences N/C; 292.64 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">15,797</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <DIV ALIGN="left"><FONT
    SIZE="2">&#160; </FONT></DIV>
    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Technology N/C; 529.06 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">34,029</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <DIV ALIGN="left"><FONT
    SIZE="2">&#160; </FONT></DIV>
    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Financial Services N/C; 770.20 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">20,149</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <DIV ALIGN="left"><FONT
    SIZE="2">&#160; </FONT></DIV>
    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Worldwide Communications; 3,444.13 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">144,378</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <DIV ALIGN="left"><FONT
    SIZE="2">&#160; </FONT></DIV>
    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Internat'l European; 571.95 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">11,605</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <DIV ALIGN="left"><FONT
    SIZE="2">&#160; </FONT></DIV>
    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Internat'l Pacific Basin #54; 1,456.31
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    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">16,515</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <P ALIGN="left"><FONT
    FACE="Arial" SIZE="2">Janus</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Janus Fund; 5,356.79 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">238,592</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <DIV ALIGN="left"><FONT
    SIZE="2">&#160; </FONT></DIV>
    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Inv't Growth &amp; Income; 8,160.89 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">318,765</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <DIV ALIGN="left"><FONT
    SIZE="2">&#160; </FONT></DIV>
    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Inv't Worldwide; 18,866.51 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">1,272,357</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <DIV ALIGN="left"><FONT
    SIZE="2">&#160; </FONT></DIV>
    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Inv't Twenty; 15,147.09 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">1,137,244</FONT></P>
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <DIV ALIGN="left"><FONT
    SIZE="2">&#160; </FONT></DIV>
    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Flexible Income; 1,466.48 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">13,726</FONT></P>
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <DIV ALIGN="left"><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Global Technology; 58,149.85 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">1,430,487</FONT></P>
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <DIV ALIGN="left"><FONT
    SIZE="2">&#160; </FONT></DIV>
    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Global Life Sciences; 1,658.06 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">21,472</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <DIV ALIGN="left"><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Special Situations; 3,763.69 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">90,931</FONT></P>
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <DIV ALIGN="left"><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">212,511</FONT></P>
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <DIV ALIGN="left"><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">1,213,447</FONT></P>
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
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    <TD VALIGN="TOP" WIDTH="144"> <DIV ALIGN="left"><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">13,848</FONT></P>
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
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    <TD VALIGN="TOP" WIDTH="144"> <P ALIGN="left">&nbsp;</P>
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    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">411,184</FONT> </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <DIV ALIGN="left"><FONT
    SIZE="2">&#160; </FONT></DIV>
    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Inv't Overseas; 8,024.19 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">248,028</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <DIV ALIGN="left"><FONT
    SIZE="2">&#160; </FONT></DIV>
    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Inv't Mercury; 22,743.03 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">899,032</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <DIV ALIGN="left"><FONT
    SIZE="2">&#160; </FONT></DIV>
    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Inv't Balanced; 7,630.60 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">169,628</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23">&nbsp;</TD>
    <TD VALIGN="TOP" WIDTH="144">&nbsp;</TD>
    <TD VALIGN="TOP" WIDTH="310"> <DIV ALIGN="center"><FONT
    FACE="Arial" SIZE="2">(Continued)</FONT></DIV>
    </TD>
    <TD VALIGN="TOP" WIDTH="96">&nbsp;</TD>
    <TD VALIGN="TOP" WIDTH="104">&nbsp;</TD>
   </TR>
  </TABLE>
  <P ALIGN="RIGHT">&nbsp;</P>
  <P> <P>
  <TABLE CELLPADDING="0" CELLSPACING="0">
   <TR>
    <TD WIDTH="23"></TD>
    <TD WIDTH="144"></TD>
    <TD WIDTH="310"></TD>
    <TD WIDTH="96"></TD>
    <TD WIDTH="104"></TD>
   </TR>
   <TR VALIGN="bottom">
    <TD WIDTH="23"> <DIV ALIGN="left"><FONT
    SIZE="1" FACE="Arial, Helvetica, sans-serif">(a)</FONT></DIV>
    </TD>
    <TD WIDTH="144"> <DIV ALIGN="center"><FONT
    SIZE="1" FACE="Arial, Helvetica, sans-serif">(b)</FONT></DIV>
    </TD>
    <TD WIDTH="310"> <DIV ALIGN="center"><FONT
    SIZE="1" FACE="Arial, Helvetica, sans-serif">(c)</FONT></DIV>
    </TD>
    <TD WIDTH="96"> <DIV ALIGN="center"><FONT
    SIZE="1" FACE="Arial, Helvetica, sans-serif">(d)</FONT></DIV>
    </TD>
    <TD WIDTH="104"> <DIV ALIGN="center"><FONT
    SIZE="1" FACE="Arial, Helvetica, sans-serif">(e)</FONT></DIV>
    </TD>
   </TR>
   <TR VALIGN="bottom">
    <TD WIDTH="23"> <DIV ALIGN="center"></DIV>
    </TD>
    <TD WIDTH="144"> <P ALIGN="center"><FONT
    FACE="Arial, Helvetica, sans-serif" SIZE="1">Identity of issue,
    <BR>
    borrower, lessor
    <BR>
    or similar party</FONT> <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="center">
      </TD>
    <TD WIDTH="310"> <P ALIGN="center"><FONT
    FACE="Arial, Helvetica, sans-serif" SIZE="1">Description of investment,
      including
    <BR>
    maturity date, rate of interest,
    <BR>
    collateral, par or maturity value</FONT> <HR NOSHADE WIDTH="80%" SIZE="1"
      ALIGN="center"> </TD>
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    SIZE="1" FACE="Arial, Helvetica, sans-serif">Cost</FONT> </DIV>
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    <TD WIDTH="104"> <P ALIGN="center"><FONT
    FACE="Arial, Helvetica, sans-serif" SIZE="1">Current
    <BR>
    value</FONT> <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="center"> </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <P><FONT
    FACE="Arial" SIZE="2">Japan</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Japan Fund; 255.57 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2"> 4,304</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <P><FONT
    FACE="Arial" SIZE="2">John Hancock</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Finc'l Industries Class B; 473.65 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">7,285</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Special Equity Class B; 571.43 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">15,920</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Sovern Global Tech Class B; 126.94 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">8,150</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <P><FONT
    FACE="Arial" SIZE="2">Kaufmann</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Kaufmann Fund; 9,981.85 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">49,809</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23">&nbsp;</TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    FACE="Arial" SIZE="2">Kinetics</FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"><FONT
    FACE="Arial" SIZE="2">The Internet Fund; 3,837.73 units</FONT></TD>
    <TD VALIGN="TOP" WIDTH="96">&nbsp;</TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"><FONT
    FACE="Arial" SIZE="2">144,969</FONT></DIV>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <P><FONT
    FACE="Arial" SIZE="2">Lexington</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Troika Dialog Russia Income; 700.30 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">3,123</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Worldwide Emerging Mkts; 625.19 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">7,115</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <P><FONT
    FACE="Arial" SIZE="2">Linder</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Bulwark; 920.95 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">5,728</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Invts Dividend; 1,060.76 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">24,302</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <P><FONT
    FACE="Arial" SIZE="2">Longleaf</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Realty; 141.74 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">1,877</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <P><FONT
    FACE="Arial" SIZE="2">Loomis Sayles</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Bond; 3,225.52 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">37,352</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <P><FONT
    FACE="Arial" SIZE="2">MFS</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Emerging Growth Class B; 279.11 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">14,904</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <P><FONT
    FACE="Arial" SIZE="2">Managers</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">FDS Special Equity; 81.79 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">6,599</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">FDS Int'l Equity; 301.99 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">17,104</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <P><FONT
    FACE="Arial" SIZE="2">Marsico</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Focus; 10,819.73 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">215,745</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <P><FONT
    FACE="Arial" SIZE="2">Masters Select</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">International; 466.98 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">7,462</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <P><FONT
    FACE="Arial" SIZE="2">Matthews</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Intl FDS Pac Tiger FD; 3,992.62 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">46,554</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Intl FDS Korea FD; 4,422.01 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">36,039</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <P><FONT
    FACE="Arial" SIZE="2">Midas</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Midas Fund; 9,450.17 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">12,191</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Investors Ltd. N/C; 1,706.22 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">4,402</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <P><FONT
    FACE="Arial" SIZE="2">Montag &amp; Caldwell</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Growth Fund; 2,231.11 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">77,754</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <P><FONT
    FACE="Arial" SIZE="2">Montgomery</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Emerging Markets; 86.51 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">954</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Emerging Asia; 924.92 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">10,295</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Global Communication; 424.85 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">15,205</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Growth; 1,956.75 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">44,673</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">International Growth; 601.13 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">12,774</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <P><FONT
    FACE="Arial" SIZE="2">Munder Net</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Net Class C; 68.76 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">3,859</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
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    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
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    <P ALIGN="right"><FONT
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   </TR>
   <TR>
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    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">51,335</FONT></P>
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">24,461</FONT></P>
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">126,476</FONT></P>
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">27,718</FONT></P>
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">9,139</FONT></P>
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">2,747</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">28,520</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">6,793</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">74,864</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">21,436</FONT></P>
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">15,522</FONT></P>
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <P><FONT
    FACE="Arial" SIZE="2">Oakmark</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">73,092</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">17,572</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">48,015</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">8,072</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">10,040</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Select; 5,026.20 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">88,461</FONT></P>
    </TD>
   </TR>
  </TABLE>
  <P> <P>
  <TABLE CELLPADDING="0" CELLSPACING="0">
   <TR>
    <TD WIDTH="23"></TD>
    <TD WIDTH="144"></TD>
    <TD WIDTH="310"></TD>
    <TD WIDTH="96"></TD>
    <TD WIDTH="104"></TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"> <DIV ALIGN="left"><FONT
    SIZE="1" FACE="Arial, Helvetica, sans-serif">(a)</FONT></DIV>
    </TD>
    <TD VALIGN="TOP" WIDTH="144"> <DIV ALIGN="center"><FONT
    SIZE="1" FACE="Arial, Helvetica, sans-serif">(b)</FONT></DIV>
    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <DIV ALIGN="center"><FONT
    SIZE="1" FACE="Arial, Helvetica, sans-serif">(c)</FONT></DIV>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"> <DIV ALIGN="center"><FONT
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    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="center"><FONT
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   </TR>
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   <TR>
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    <TD VALIGN="TOP" WIDTH="144"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">17,889</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">11,026</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">4,837</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
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    FACE="Arial" SIZE="2">97,113</FONT></P>
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   </TR>
   <TR>
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    <TD VALIGN="TOP" WIDTH="144"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
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    FACE="Arial" SIZE="2">189,148</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">12,758</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">12,320</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
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    <TD VALIGN="TOP" WIDTH="144"><FONT
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    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="96"><FONT
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    </TD>
   </TR>
   <TR>
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    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="96"><FONT
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    <TD VALIGN="TOP" WIDTH="104"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">15,847</FONT></P>
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
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    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
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    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">40,237</FONT></P>
    </TD>
   </TR>
   <TR>
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    <TD VALIGN="TOP" WIDTH="144"><FONT
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    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="96"><FONT
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    <TD VALIGN="TOP" WIDTH="104"> <P ALIGN="right"><FONT
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    </TD>
   </TR>
   <TR>
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    <TD VALIGN="TOP" WIDTH="144"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="96"><FONT
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    <TD VALIGN="TOP" WIDTH="104"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">18,406</FONT></P>
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   </TR>
   <TR>
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    <TD VALIGN="TOP" WIDTH="144"> <P><FONT
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    </TD>
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    <TD VALIGN="TOP" WIDTH="96"><FONT
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    <TD VALIGN="TOP" WIDTH="104"> <P ALIGN="right"><FONT
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
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    <TD VALIGN="TOP" WIDTH="144"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <P ALIGN="right"><FONT
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   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">72,117</FONT></P>
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   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="96"><FONT
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    <TD VALIGN="TOP" WIDTH="104"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">3,101</FONT></P>
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   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">34,858</FONT></P>
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   <TR>
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    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">4,981</FONT></P>
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   <TR>
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    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">44,479</FONT></P>
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   <TR>
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    SIZE="2">&#160; </FONT></TD>
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   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
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    <TD VALIGN="TOP" WIDTH="144"><FONT
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    FACE="Arial" SIZE="2">32,474</FONT></P>
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   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
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    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
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    <TD VALIGN="TOP" WIDTH="96"><FONT
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    FACE="Arial" SIZE="2">4,392</FONT></P>
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   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
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    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
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    FACE="Arial" SIZE="2">2,902</FONT></P>
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   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
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    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
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    SIZE="2">&#160; </FONT></TD>
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    FACE="Arial" SIZE="2">14,480</FONT></P>
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   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
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    <TD VALIGN="TOP" WIDTH="144"><FONT
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   <TR>
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   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
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    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
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    SIZE="2">&#160; </FONT></TD>
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    FACE="Arial" SIZE="2">25,737</FONT></P>
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   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
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   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
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   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
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    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">41,776</FONT></P>
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
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    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">26</FONT></P>
    </TD>
   </TR>
   <TR>
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    SIZE="2">&#160; </FONT></TD>
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    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">27,162</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">8,224</FONT></P>
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   <TR>
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    SIZE="2">&#160; </FONT></TD>
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    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">4,858</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
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    FACE="Arial" SIZE="2">31,223</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">1,653</FONT></P>
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">97,698</FONT></P>
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   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
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    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
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    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">1,606</FONT></P>
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
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    <TD VALIGN="TOP" WIDTH="96"><FONT
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    <TD VALIGN="TOP" WIDTH="104"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">10,656</FONT></P>
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   <TR>
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    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">193,255</FONT></P>
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="96"><FONT
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    <TD VALIGN="TOP" WIDTH="104"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">216,264</FONT></P>
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
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    <TD VALIGN="TOP" WIDTH="144"><FONT
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    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="104"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">10,211</FONT></P>
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   <TR>
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    <TD VALIGN="TOP" WIDTH="144"><FONT
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    FACE="Arial" SIZE="2">6,403</FONT></P>
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    <TD VALIGN="TOP" WIDTH="144"><FONT
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    FACE="Arial" SIZE="2">5,604</FONT></P>
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   <TR>
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    <TD VALIGN="TOP" WIDTH="144"><FONT
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   </TR>
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  <P> <P>
  <TABLE CELLPADDING="0" CELLSPACING="0">
   <TR>
    <TD WIDTH="23"></TD>
    <TD WIDTH="144"></TD>
    <TD WIDTH="310"></TD>
    <TD WIDTH="96"></TD>
    <TD WIDTH="104"></TD>
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    <TD VALIGN="TOP" WIDTH="144"><FONT
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    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">4,037</FONT></P>
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">25,805</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Leisure; 30.97 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">2,755</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Retailing; 2,168.66 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">143,435</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Energy Service; 2,554.62 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">56,891</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Biotechnology; 1,065.82 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">60,837</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">American Gold; 298.31 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">4,257</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Money Market; 37,339.57 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">37,340</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Software &amp; Computer; 44.44 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">3,542</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Telecomm Port; 427.12 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">37,702</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Brokerage &amp; Investment Mgmt; 971.37
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    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">45,227</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Electronics; 5,732.60 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">468,697</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Computers; 2,011.77 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">198,662</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <P><FONT
    FACE="Arial" SIZE="2">Seligman</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Communications &amp; Info Class B; 220.38
      units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">8,213</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <P><FONT
    FACE="Arial" SIZE="2">Spartan</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">U.S. Equity Index; 1,113.80 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">55,144</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Total Market Index; 443.62 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">15,922</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Market Index; 24.64 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">2,373</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">High Income; 3,522.94 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">42,416</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <P><FONT
    FACE="Arial" SIZE="2">Sound Shore</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Sound Shore Fund Inc; 326.26 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">9,400</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <P><FONT
    FACE="Arial" SIZE="2">Spectra</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Spectra Fund Inc; 332.59 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">3,968</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <P><FONT
    FACE="Arial" SIZE="2">SSGA</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Small Cap Equity; 219.70 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">4,100</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Money Market Fund; 4,789,980.05 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">4,789,980</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Emerging Markets; 1,073.21 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">12,106</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">S&amp;P 500 Index; 19,807.11 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">478,738</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <P><FONT
    FACE="Arial" SIZE="2">Stein Roe</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Income Trust; 1,540.04 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">14,245</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Investment Trust Young Inv; 377.26 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">11,906</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Investment Trust Cap Oppty; 838.03 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">28,417</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <P><FONT
    FACE="Arial" SIZE="2">Strong</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Corporate Bond Income; 9,193.75 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">97,178</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Income High Yield Bond; 1,334.52 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">14,266</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Growth; 3,193.17 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">99,595</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Index 500; 1,777.25 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">31,209</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Growth 20; 374.67 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">9,322</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Enterprise; 2,216.84 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">74,043</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Growth &amp; Income; 1,769.04 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">46,614</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Blue Chip 100; 2,621.56 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">49,495</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Schafer Value; 124.86 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">6,118</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Asia Pacific; 5,045.69 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">55,553</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    </TD>
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   <TR>
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    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="96"><FONT
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   <TR>
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    <TD VALIGN="TOP" WIDTH="96"><FONT
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   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
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    <TD VALIGN="TOP" WIDTH="144"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="96"><FONT
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    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
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   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
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   <TR>
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    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
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    FACE="Arial" SIZE="2">20,249</FONT></P>
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   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
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    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
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    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">42,436</FONT></P>
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
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    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">133,086</FONT></P>
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   <TR>
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    <TD VALIGN="TOP" WIDTH="104">&nbsp;</TD>
   </TR>
  </TABLE>
  <P>
  <TABLE CELLPADDING="0" CELLSPACING="0">
   <TR>
    <TD WIDTH="23"></TD>
    <TD WIDTH="144"></TD>
    <TD WIDTH="310"></TD>
    <TD WIDTH="96"></TD>
    <TD WIDTH="104"></TD>
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    <TD WIDTH="96"> <P ALIGN="center"><FONT
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   </TR>
   <TR VALIGN="bottom">
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   <TR>
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    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
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    FACE="Arial" SIZE="2"> 24,576</FONT></P>
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   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">3,365</FONT></P>
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Mid Cap Growth; 460.74 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">17,490</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">83,290</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">International Stock; 2,018.88 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">36,057</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">European Stock; 5,477.19 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">128,221</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">41,882</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Science &amp; Technology; 2,470.44 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">157,170</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Global Value Fund; 12,035.03 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">250,088</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">171,616</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Small Company Portfolio; 33.67 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">459</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">4,716</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">OTC Pro Fund Service Shares; 292.39 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">18,651</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">OTC Pro Fund Investors Shares; 6,658.36
      units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">430,796</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">86,423</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
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    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">52,802</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
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    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">13,176</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
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    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
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    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
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    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
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    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
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    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
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    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
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    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="96"><FONT
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    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
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    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
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    <TD VALIGN="TOP" WIDTH="144"><FONT
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    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
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    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
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    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
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    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">69,927</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
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    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">50,822</FONT></P>
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">221,434</FONT></P>
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">207,738</FONT></P>
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
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    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">268</FONT></P>
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
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    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">38,413</FONT></P>
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   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
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    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
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    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">184,112</FONT></P>
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
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    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">129,361</FONT></P>
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
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    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">72,377</FONT></P>
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">514,196</FONT></P>
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">1,642,052</FONT></P>
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
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    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">1,176,674</FONT></P>
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">148,759</FONT></P>
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
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    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">706,772</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">8,271</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <P><FONT
    FACE="Arial" SIZE="2">Van Wagoner</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Income Micro-Cap; 6,001.05 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">182,432</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">734,038</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Income Mid-Cap; 5,748.10 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">142,093</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">263,800</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Technology; 4,397.75 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">230,794</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"> <P><FONT
    FACE="Arial" SIZE="2">Warburg Pincus</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Capital Appreciation; 1,892.99 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">52,019</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Emerging Growth; 246.61 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">11,961</FONT></P>
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">52,215</FONT></P>
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23">&nbsp;</TD>
    <TD VALIGN="TOP" WIDTH="144">&nbsp;</TD>
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    </TD>
    <TD VALIGN="TOP" WIDTH="96">&nbsp;</TD>
    <TD VALIGN="TOP" WIDTH="104">&nbsp;</TD>
   </TR>
  </TABLE>
  <P ALIGN="RIGHT">&nbsp;</P>
  <P>
  <TABLE CELLPADDING="0" CELLSPACING="0">
   <TR>
    <TD WIDTH="23"></TD>
    <TD WIDTH="144"></TD>
    <TD WIDTH="310"></TD>
    <TD WIDTH="96"></TD>
    <TD WIDTH="104"></TD>
   </TR>
   <TR VALIGN="bottom">
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    </TD>
    <TD WIDTH="144"> <P ALIGN="center"><FONT
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    </TD>
    <TD WIDTH="310"> <P ALIGN="center"><FONT
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    <TD WIDTH="96"> <P ALIGN="center"><FONT
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    </TD>
    <TD WIDTH="104"> <P ALIGN="center"><FONT
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    </TD>
   </TR>
   <TR VALIGN="bottom">
    <TD WIDTH="23"> <DIV ALIGN="center"><FONT
    SIZE="1">&#160; </FONT></DIV>
    </TD>
    <TD WIDTH="144"> <P ALIGN="center"><FONT
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    <BR>
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    <TD WIDTH="310"> <P ALIGN="center"><FONT
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    <TD WIDTH="104"> <P ALIGN="center"><FONT
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    SIZE="1"><FONT
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   <TR>
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    <TD VALIGN="TOP" WIDTH="144"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2"> 2,310</FONT></P>
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Post Venture Capital; 156.37 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
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    FACE="Arial" SIZE="2">4,177</FONT></P>
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Japan Growth; 875.91 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">25,682</FONT></P>
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
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   </TR>
   <TR>
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    <TD VALIGN="TOP" WIDTH="144"><FONT
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    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
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    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
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   </TR>
   <TR>
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    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
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   </TR>
   <TR>
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    <TD VALIGN="TOP" WIDTH="144"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
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    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
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   </TR>
   <TR>
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    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">39,367</FONT></P>
    </TD>
   </TR>
   <TR>
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    <TD VALIGN="TOP" WIDTH="144"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
    FACE="Arial" SIZE="2">Growth Stock; 2,937.72 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">164,836</FONT></P>
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   </TR>
   <TR>
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    </TD>
    <TD VALIGN="TOP" WIDTH="310"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
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    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
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    <TD VALIGN="TOP" WIDTH="310"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <HR NOSHADE WIDTH="85%" SIZE="1"
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23" HEIGHT="25">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="144" HEIGHT="25"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310" HEIGHT="25"><FONT
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    <TD VALIGN="TOP" WIDTH="96" HEIGHT="25"> <DIV ALIGN="center"><FONT
    FACE="Arial" SIZE="2">**</FONT></DIV>
    </TD>
    <TD VALIGN="TOP" WIDTH="104" HEIGHT="25"> <DIV ALIGN="right"> </DIV>
    <P ALIGN="right"><FONT
    SIZE="2"><FONT
    FACE="Arial"> 35,565,099</FONT></FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <HR NOSHADE WIDTH="85%" SIZE="1"
      ALIGN="right"> </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="144"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="310"><FONT
    FACE="Arial" SIZE="2">&#160;&#160;&#160;&#160;Total investments</FONT></TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="104"> <DIV ALIGN="right"><FONT
    SIZE="2"><FONT
    FACE="Arial">$2,258,380,625</FONT></FONT></DIV>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="23">&nbsp;</TD>
    <TD VALIGN="TOP" WIDTH="144">&nbsp;</TD>
    <TD VALIGN="TOP" WIDTH="310">&nbsp;</TD>
    <TD VALIGN="TOP" WIDTH="96">&nbsp;</TD>
    <TD VALIGN="TOP" WIDTH="104"> <HR NOSHADE WIDTH="85%" SIZE="2"
      ALIGN="right"> </TD>
   </TR>
  </TABLE>
  <P ALIGN="center"><FONT
  FACE="Arial" SIZE="2">** - Cost information is not applicable for participant
    directed investments</FONT></P>
  <P>  </P>
  <P>&nbsp;</P>
  <P ALIGN="RIGHT"><B><U><FONT
  FACE="Arial"><FONT
  SIZE="2">SCHEDULE II</FONT></FONT></U></B></P>
  <P ALIGN="CENTER"><U><FONT
  FACE="Arial" SIZE="2">CATERPILLAR INC.
  <BR>
  EMPLOYEES' INVESTMENT PLAN</FONT></U></P>
  <P ALIGN="CENTER"><FONT
  SIZE="2"><U><FONT
  FACE="Arial">ITEM 27d - SCHEDULE OF REPORTABLE (5%) TRANSACTIONS
  <BR>
  FOR THE YEAR ENDED NOVEMBER 30, 1999</FONT></U></FONT></P>
  <P ALIGN="CENTER"><U></U></P>
  <P>
  <TABLE WIDTH="90%">
   <TR>
    <TD VALIGN="TOP" WIDTH="102"> <P ALIGN="CENTER"><FONT
    FACE="Arial" SIZE="1">(a)</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="140"> <P ALIGN="CENTER"><FONT
    FACE="Arial" SIZE="1">(b)</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"> <P ALIGN="CENTER"><FONT
    FACE="Arial" SIZE="1">(c)</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="56"> <P ALIGN="CENTER"><FONT
    FACE="Arial" SIZE="1">(d)</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="54"> <P ALIGN="CENTER"><FONT
    FACE="Arial" SIZE="1">(e)</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="70"> <P ALIGN="CENTER"><FONT
    FACE="Arial" SIZE="1">(f)</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="97"> <P ALIGN="CENTER"><FONT
    FACE="Arial" SIZE="1">(g)</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"> <P ALIGN="CENTER"><FONT
    FACE="Arial" SIZE="1">(h)</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="51"> <P ALIGN="CENTER"><FONT
    FACE="Arial" SIZE="1">(i)</FONT></P>
    </TD>
   </TR>
   <TR VALIGN="bottom">
    <TD WIDTH="102"> <P ALIGN="CENTER"><FONT
    FACE="Arial" SIZE="1">Identity of
    <BR>
    party involved</FONT> <HR NOSHADE WIDTH="80%" SIZE="1"> </TD>
    <TD WIDTH="140"> <P ALIGN="CENTER"><FONT
    FACE="Arial" SIZE="1">Description of assets</FONT> <HR NOSHADE WIDTH="80%"
      SIZE="1"> </TD>
    <TD WIDTH="96"> <P ALIGN="CENTER"><FONT
    FACE="Arial, Helvetica, sans-serif" SIZE="1">Purchase
    <BR>
    price</FONT> <HR NOSHADE WIDTH="80%" SIZE="1"> </TD>
    <TD WIDTH="56"> <P ALIGN="CENTER"><FONT
    FACE="Arial" SIZE="1">Selling
    <BR>
    price</FONT> <HR NOSHADE WIDTH="80%" SIZE="1"> </TD>
    <TD WIDTH="54"> <P ALIGN="CENTER"><FONT
    FACE="Arial" SIZE="1">Lease
    <BR>
    rental</FONT> <HR NOSHADE WIDTH="80%" SIZE="1"> </TD>
    <TD WIDTH="70"> <P ALIGN="CENTER"><FONT
    FACE="Arial" SIZE="1">Expense
    <BR>
    incurred with
    <BR>
    transaction</FONT> <HR NOSHADE WIDTH="80%" SIZE="1"> </TD>
    <TD WIDTH="97"> <P ALIGN="CENTER"><FONT
    FACE="Arial" SIZE="1">Cost
    <BR>
    of asset</FONT> <HR NOSHADE WIDTH="80%" SIZE="1"> </TD>
    <TD WIDTH="96"> <P ALIGN="CENTER"><FONT
    FACE="Arial" SIZE="1">Current value
    <BR>
    of asset on
    <BR>
    transaction
    <BR>
    date</FONT> <HR NOSHADE WIDTH="80%" SIZE="1"> </TD>
    <TD WIDTH="51"> <P ALIGN="CENTER"><FONT
    FACE="Arial" SIZE="1">Net gain
    <BR>
    or (loss)</FONT> <HR NOSHADE WIDTH="80%" SIZE="1"> </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="102">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="140">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="96">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="56">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="54">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="70">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="97">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="96">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="51">&#160; </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" NOWRAP WIDTH="102"> <P><FONT
    FACE="Arial" SIZE="2">Caterpillar Inc.</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="140"> <P><FONT
    FACE="Arial" SIZE="2">Common stock:</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2" FACE="Arial">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="56"><FONT
    SIZE="2" FACE="Arial">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="54"><FONT
    SIZE="2" FACE="Arial">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="70"><FONT
    SIZE="2" FACE="Arial">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="97"><FONT
    SIZE="2" FACE="Arial">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="96"><FONT
    SIZE="2" FACE="Arial">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="51"><FONT
    SIZE="2" FACE="Arial">&#160; </FONT></TD>
   </TR>
   <TR VALIGN="bottom">
    <TD WIDTH="102"><FONT
    SIZE="2" FACE="Arial">&#160; </FONT></TD>
    <TD WIDTH="140"> <P><FONT
    FACE="Arial" SIZE="2">Series of 63 purchases </FONT></P>
    </TD>
    <TD WIDTH="96"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">$116,806,804</FONT></P>
    </TD>
    <TD WIDTH="56"> <P ALIGN="left"><FONT
    FACE="Arial" SIZE="2">$</FONT></P>
    </TD>
    <TD WIDTH="54"> <P ALIGN="left"><FONT
    FACE="Arial" SIZE="2">$</FONT></P>
    </TD>
    <TD WIDTH="70"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">$103,063</FONT> </P>
    </TD>
    <TD WIDTH="97"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">$116,806,804</FONT></P>
    </TD>
    <TD WIDTH="96"> <P ALIGN="right"> <FONT
    FACE="Arial" SIZE="2">$116,703,741</FONT></P>
    </TD>
    <TD WIDTH="51"> <P ALIGN="left"><FONT
    FACE="Arial" SIZE="2">$</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="102"><FONT
    SIZE="2" FACE="Arial">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="140"><FONT
    FACE="Arial" SIZE="2">One sale</FONT> </TD>
    <TD VALIGN="TOP" WIDTH="96"> <DIV ALIGN="right"><FONT
    SIZE="2" FACE="Arial">&#160; </FONT></DIV>
    </TD>
    <TD VALIGN="TOP" WIDTH="56"> <DIV ALIGN="right"><FONT
    SIZE="2" FACE="Arial">6,822</FONT> </DIV>
    </TD>
    <TD VALIGN="TOP" WIDTH="54"> <DIV ALIGN="right"><FONT
    SIZE="2" FACE="Arial">&#160; </FONT></DIV>
    </TD>
    <TD VALIGN="TOP" WIDTH="70"> <DIV ALIGN="right"><FONT
    SIZE="2" FACE="Arial">7</FONT></DIV>
    </TD>
    <TD VALIGN="TOP" WIDTH="97"> <DIV ALIGN="right"><FONT
    SIZE="2" FACE="Arial">3,655</FONT></DIV>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"> <DIV ALIGN="right"><FONT
    SIZE="2" FACE="Arial">6,829</FONT></DIV>
    </TD>
    <TD VALIGN="TOP" WIDTH="51"> <DIV ALIGN="right"><FONT
    SIZE="2" FACE="Arial">3,167</FONT></DIV>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="102">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="140">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="96"> <DIV ALIGN="right">&#160; </DIV>
    </TD>
    <TD VALIGN="TOP" WIDTH="56"> <DIV ALIGN="right">&#160; </DIV>
    </TD>
    <TD VALIGN="TOP" WIDTH="54"> <DIV ALIGN="right">&#160; </DIV>
    </TD>
    <TD VALIGN="TOP" WIDTH="70"> <DIV ALIGN="right">&#160; </DIV>
    </TD>
    <TD VALIGN="TOP" WIDTH="97"> <DIV ALIGN="right">&#160; </DIV>
    </TD>
    <TD VALIGN="TOP" WIDTH="96"> <DIV ALIGN="right">&#160; </DIV>
    </TD>
    <TD VALIGN="TOP" WIDTH="51"> <DIV ALIGN="right">&#160; </DIV>
    </TD>
   </TR>
  </TABLE>
  <P ALIGN="right"><B>SCHEDULE III</B></P>
  <P ALIGN="center"><B>Caterpillar Inc.
  <BR>
  </B><B>Employees' Investment Plan</B></P>
  <P ALIGN="center"><B>FORM 5500 ITEM 27f-SCHEDULE OF NONEXEMPT TRANSACTIONS
  <BR>
  </B><B>FOR THE YEAR ENDED NOVEMBER 30, 1999</B></P>
  <TABLE WIDTH="100%" BORDER="0" CELLSPACING="0" CELLPADDING="0">
   <TR NOWRAP>
    <TD WIDTH="8%"> <DIV ALIGN="center"><B><FONT
    SIZE="1">a</FONT></B></DIV>
    </TD>
    <TD WIDTH="15%"> <DIV ALIGN="center"><B><FONT
    SIZE="1">b</FONT></B></DIV>
    </TD>
    <TD WIDTH="21%"> <DIV ALIGN="center"><B><FONT
    SIZE="1">c</FONT></B></DIV>
    </TD>
    <TD WIDTH="7%"> <DIV ALIGN="center"><B><FONT
    SIZE="1">d</FONT></B></DIV>
    </TD>
    <TD WIDTH="5%"> <DIV ALIGN="center"><B><FONT
    SIZE="1">e</FONT></B></DIV>
    </TD>
    <TD WIDTH="15%"> <DIV ALIGN="center"><B><FONT
    SIZE="1">f</FONT></B></DIV>
    </TD>
    <TD WIDTH="4%"> <DIV ALIGN="center"><B><FONT
    SIZE="1">g</FONT></B></DIV>
    </TD>
    <TD WIDTH="7%"> <DIV ALIGN="center"><B><FONT
    SIZE="1">h</FONT></B></DIV>
    </TD>
    <TD WIDTH="7%"> <DIV ALIGN="center"><B><FONT
    SIZE="1">i</FONT></B></DIV>
    </TD>
    <TD WIDTH="11%"> <DIV ALIGN="center"><B><FONT
    SIZE="1">j</FONT></B></DIV>
    </TD>
   </TR>
   <TR NOWRAP>
    <TD WIDTH="8%"> <DIV ALIGN="center"><B><FONT
    SIZE="1">Identity of party involved</FONT></B></DIV>
    </TD>
    <TD WIDTH="15%"> <DIV ALIGN="center"><B><FONT
    SIZE="1">Relationship to Plan employer or other
      party-in-interest</FONT></B></DIV>
    </TD>
    <TD WIDTH="21%"> <DIV ALIGN="center"><B><FONT
    SIZE="1">Description of transactions including maturity date, rate of
      interest, collateral, par or maturity value)</FONT></B></DIV>
    </TD>
    <TD WIDTH="7%"> <DIV ALIGN="center"><B><FONT
    SIZE="1">Purchase price</FONT></B></DIV>
    </TD>
    <TD WIDTH="5%"> <DIV ALIGN="center"><B><FONT
    SIZE="1">Selling price</FONT></B></DIV>
    </TD>
    <TD WIDTH="15%"> <DIV ALIGN="center"><B><FONT
    SIZE="1">Lease rental </FONT></B></DIV>
    </TD>
    <TD WIDTH="4%"> <DIV ALIGN="center"><B><FONT
    SIZE="1">Expenses incurred in connection with transaction</FONT></B></DIV>
    </TD>
    <TD WIDTH="7%"> <DIV ALIGN="center"><B><FONT
    SIZE="1">Cost of asset</FONT></B></DIV>
    </TD>
    <TD WIDTH="7%"> <DIV ALIGN="center"><B><FONT
    SIZE="1">Current value of asset</FONT></B></DIV>
    </TD>
    <TD WIDTH="11%"> <DIV ALIGN="center"><B><FONT
    SIZE="1">Net gain or (loss) on each transaction</FONT></B></DIV>
    </TD>
   </TR>
   <TR>
    <TD WIDTH="8%"> <DIV ALIGN="center"><FONT
    SIZE="2">Caterpillar Inc.</FONT></DIV>
    </TD>
    <TD WIDTH="15%"> <DIV ALIGN="center"><FONT
    SIZE="2">Employer</FONT></DIV>
    </TD>
    <TD WIDTH="21%"> <DIV ALIGN="center"><FONT
    SIZE="2">Failure to remit employee contributions to the trustee on a timely
      basis.(1)</FONT></DIV>
    </TD>
    <TD WIDTH="7%"> <DIV ALIGN="center"><FONT
    SIZE="2">N/A</FONT></DIV>
    </TD>
    <TD WIDTH="5%"> <DIV ALIGN="center"><FONT
    SIZE="2">N/A</FONT></DIV>
    </TD>
    <TD WIDTH="15%"> <DIV ALIGN="center"><FONT
    SIZE="2">N/A</FONT></DIV>
    </TD>
    <TD WIDTH="4%"> <DIV ALIGN="center"><FONT
    SIZE="2">N/A</FONT></DIV>
    </TD>
    <TD WIDTH="7%"> <DIV ALIGN="center"><FONT
    SIZE="2">N/A</FONT></DIV>
    </TD>
    <TD WIDTH="7%"> <DIV ALIGN="center"><FONT
    SIZE="2">N/A</FONT></DIV>
    </TD>
    <TD WIDTH="11%"> <DIV ALIGN="center"><FONT
    SIZE="2">N/A</FONT></DIV>
    </TD>
   </TR>
  </TABLE>
  <P>&nbsp;</P>
  <TABLE WIDTH="100%" BORDER="0" CELLSPACING="0" CELLPADDING="0">
   <TR>
    <TD WIDTH="5%" ALIGN="left" VALIGN="top">(1)</TD>
    <TD WIDTH="95%">As the result of a clerical error with regard to payroll
      deferrals for certain U.S. expatriate employees working overseas,
      contributions in the amount of $2,660.71 were not made to the trust under
      the Plan for the payroll period ended March 15, 1999 until December 9,
      1999. The Company is currently in the process of calculating the lost
      earnings on these contributions, as well as the lost earnings on these
      lost earnings, for the period in which the contributions were not in the
      trust. Once calculated, the Company will contribute this amount to the
      trust and allocate the contribution among the applicable participants'
      accounts.</TD>
   </TR>
  </TABLE>
  <P>&nbsp;</P>
  <P>&nbsp; </P>
  <P ALIGN="RIGHT"><U><FONT
  FACE="Arial"><B>EXHIBIT A </B></FONT></U></P>
  <P ALIGN="CENTER"><B><FONT
  FACE="Arial">Consent of Independent Accountants</FONT></B></P>
  <P><FONT
  FACE="Arial">We hereby consent to the incorporation by reference in the
    Registration Statement on Forms S-8 (No. 33-3718, as amended, and No.
    33-39280) of Caterpillar Inc. of our report dated May 26, 2000 relating to
    the financial statements of the Caterpillar Inc. Employees' Investment
    Plan, which appears in this Form 11-K. </FONT></P>
  <P><FONT
  FACE="Arial">/s/ PricewaterhouseCoopers LLP</FONT></P>
  <P><FONT
  FACE="Arial">Peoria, Illinois
  <BR>
  </FONT><FONT
  FACE="Arial">May 26, 2000</FONT></P>
  <P ALIGN=CENTER><B><FONT
  FACE="Times New Roman">SECURITIES AND EXCHANGE COMMISSION</FONT></B></P>
  <P ALIGN=CENTER><FONT
  FACE="Times New Roman">Washington, D.C. 20549</FONT></P>
  <P ALIGN=CENTER><B><FONT
  FACE="Times New Roman" SIZE="+2">FORM 11-K</FONT></B></P>

  <TABLE WIDTH="100%">
   <TR>
    <TD> <P><FONT
    FACE="Times New Roman">(Mark One)</FONT></P>
    </TD>
    <TD>&nbsp;</TD>
   </TR>
   <TR>
    <TD> <P><FONT
    FACE="Times New Roman">[ X ]</FONT></P>
    </TD>
    <TD> <P><FONT
    FACE="Times New Roman"><B> ANNUAL REPORT PURSUANT TO SECTION
      15(d)</B></FONT></P>
    </TD>
   </TR>
   <TR>
    <TD>&nbsp;</TD>
    <TD> <P><B><FONT
    FACE="Times New Roman">OF THE SECURITIES EXCHANGE ACT OF 1934 [Fee
      Required]</FONT></B></P>
    </TD>
   </TR>
   <TR>
    <TD>&nbsp;</TD>
    <TD> <P><FONT
    FACE="Times New Roman">For the Fiscal Year Ended December 31,
      1998</FONT></P>
    </TD>
   </TR>
  </TABLE>
  <UL></UL>
  <P ALIGN=CENTER><FONT
  FACE="Times New Roman">OR</FONT></P>
  <TABLE WIDTH="100%">
   <TR>
    <TD WIDTH="14%"> <P><FONT
    FACE="Times New Roman">[&nbsp;&nbsp;&nbsp;&nbsp; ]</FONT></P>
    </TD>
    <TD WIDTH="86%"> <P><FONT
    FACE="Times New Roman"><B>TRANSITION REPORT PURSUANT TO SECTION
      15(d)</B></FONT></P>
    </TD>
   </TR>
   <TR>
    <TD WIDTH="14%">&nbsp;</TD>
    <TD WIDTH="86%"> <P><B><FONT
    FACE="Times New Roman">OF THE SECURITIES EXCHANGE ACT OF 1934 [No Fee
      Required]</FONT></B></P>
    </TD>
   </TR>
   <TR>
    <TD WIDTH="14%">&nbsp;</TD>
    <TD WIDTH="86%"> <P><FONT
    FACE="Times New Roman">For the transition period from _____ to
      _____</FONT></P>
    </TD>
   </TR>
  </TABLE>
  <UL></UL>
  <P ALIGN=CENTER><FONT
  FACE="Times New Roman">Commission File Number 1-768</FONT></P>
  <P ALIGN=CENTER>&nbsp;</P>
  <P ALIGN=CENTER><B><FONT
  FACE="Times New Roman" SIZE="+2">SAVINGS AND INVESTMENT
    PLAN</FONT></B><B><FONT
  FACE="Times New Roman">
  <BR>
  (Full title of the Plan)</FONT></B></P>
  <P ALIGN=CENTER>&nbsp;</P>
  <P ALIGN=CENTER><B><FONT
  FACE="Times New Roman" SIZE="+1">CATERPILLAR INC.</FONT></B> <B><FONT
  FACE="Times New Roman">
  <BR>
  (Name of issuer of the securities held
  <BR>
  </FONT></B> <B><FONT
  FACE="Times New Roman">pursuant to the Plan)</FONT></B></P>
  <P ALIGN=CENTER>&nbsp;</P>
  <P ALIGN=CENTER><B><FONT
  FACE="Times New Roman">100 NE ADAMS STREET, PEORIA, ILLINOIS
    61629</FONT></B><B><FONT
  FACE="Times New Roman">
  <BR>
  (Address of principal executive offices)</FONT></B></P>
  <P ALIGN=CENTER><B><FONT
  FACE="Times New Roman">REQUIRED INFORMATION</FONT></B></P>
  <P><FONT
  FACE="Times New Roman"><B>Item 1</B>.</FONT></P>
  <P><FONT
  FACE="Times New Roman">The audited statement of net assets available for plan
    benefits as of the end of the latest two fiscal years of the Plan is
    attached hereto as Exhibit A.</FONT></P>
  <P><FONT
  FACE="Times New Roman"><B>Item 2</B>.</FONT></P>
  <P><FONT
  FACE="Times New Roman">The audited statement of changes in net assets
    available for plan benefits for each of the latest two fiscal years of the
    Plan is attached hereto as Exhibit B.</FONT></P>
  <P><FONT
  FACE="Times New Roman"><B>Item 3</B>.</FONT></P>
  <P><FONT
  FACE="Times New Roman">The statements required by Items 1 and 2 have been
    prepared in accordance with the applicable financial reporting requirements
    of ERISA.</FONT></P>
  <P><FONT
  FACE="Times New Roman"><B>Item 4</B>.</FONT></P>
  <P><FONT
  FACE="Times New Roman">The Consent of Independent Accountants is attached
    hereto as Exhibit B.</FONT></P>
  <P>&nbsp;</P>
  <P ALIGN="CENTER"><B><FONT
  FACE="Arial">Report of Independent Accountants</FONT></B></P>
  <P><FONT
  FACE="Arial">To the Participants and Plan Administrator of the
  <BR>
  Caterpillar Inc. Tax Deferred Savings Plan</FONT></P>
  <P><FONT
  FACE="Arial">In our opinion, the accompanying statements of net assets
    available for benefits and the related statements of changes in net assets
    available for benefits present fairly, in all material respects, the net
    assets available for benefits of the Caterpiller Inc. Tax Deferred Savings
    Plan (the Plan) at December 31, 1999 and 1998, and the changes in net
    assets available for benefits for the years then ended, in conformity with
    accounting principles generally accepted in the United States. These
    financial statements are the responsibility of the Plan's management; our
    responsibility is to express an opinion on these financial statements based
    on our audits. We conducted our audits of these statements in accordance
    with auditing standards generally accepted in the United States, which
    require that we plan and perform the audit to obtain reasonable assurance
    about whether the financial statements are free of material misstatement.
    An audit includes examining, on a test basis, evidence supporting the
    amounts and disclosures in the financial statements, assessing the
    accounting principles used and significant estimates made by management,
    and evaluating the overall financial statement presentation. We believe
    that our audits provide a reasonable basis for the opinion expressed above.
    </FONT></P>
  <P><FONT
  FACE="Arial">Our audits were conducted for the purpose of forming an opinion
    on the basic financial statements taken as a whole. The supplemental
    schedule of assets held for investment purposes is presented for the
    purpose of additional analysis and is not a required part of the basic
    financial statements but is supplementary information required by the
    Department of Labor's Rules and Regulations for Reporting and Disclosure
    under the Employee Retirement Income Security Act of 1974. The supplemental
    schedule is the responsibility of the Plan's management. The supplemental
    schedule has been subjected to the auditing procedures applied in the
    audits of the basic financial statements and, in our opinion, is fairly
    stated in all material respects in relation to the basic financial
    statements taken as a whole. </FONT></P>
  <P><FONT
  FACE="Arial">/s/ PricewaterhouseCoopers LLP</FONT></P>
  <P><FONT
  FACE="Arial">Peoria, Illinois
  <BR>
  May 26, 2000</FONT></P>
  <H2 ALIGN="CENTER"><FONT
  FACE="Arial"><FONT
  SIZE="2"><U>SOLAR TURBINES INCORPORATED
  <BR>
  SAVINGS AND INVESTMENT PLAN</U></FONT></FONT></H2>
  <H2 ALIGN="CENTER"><FONT
  SIZE="2"><U><FONT
  FACE="Arial">STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS
  <BR>
  DECEMBER 31, 1999 AND 1998</FONT></U>
  <BR>
  <FONT
  FACE="Arial, Helvetica, sans-serif">(Dollars in 000's)</FONT></FONT></H2>
  <P><FONT
  FACE="Arial"></FONT></P>
  <TABLE WIDTH="80%" BORDER="0">
   <TR>
    <TD WIDTH="82%">&nbsp;</TD>
    <TD WIDTH="7%" ALIGN="center" VALIGN="bottom"> <DIV ALIGN="center"><FONT
    SIZE="1"><FONT
    FACE="Arial">1999</FONT></FONT></DIV>
    </TD>
    <TD WIDTH="4%" ALIGN="center" VALIGN="bottom"><FONT
    SIZE="1"></FONT></TD>
    <TD WIDTH="7%" ALIGN="center" VALIGN="bottom"> <DIV ALIGN="center"><FONT
    SIZE="1"><FONT
    FACE="Arial">1998</FONT></FONT></DIV>
    </TD>
   </TR>
   <TR ALIGN="center" VALIGN="top">
    <TD WIDTH="82%" HEIGHT="2"><FONT
    SIZE="2"></FONT></TD>
    <TH WIDTH="7%" NOWRAP HEIGHT="2"> <HR NOSHADE WIDTH="100%" SIZE="1"
      ALIGN="left"> </TH>
    <TD WIDTH="4%" HEIGHT="2">&nbsp;</TD>
    <TD WIDTH="7%" HEIGHT="2"> <HR NOSHADE WIDTH="100%" SIZE="1"
      ALIGN="center"> </TD>
   </TR>
   <TR>
    <TD WIDTH="82%" HEIGHT="18" ALIGN="left" VALIGN="bottom"><FONT
    SIZE="2"></FONT></TD>
    <TD WIDTH="7%" HEIGHT="18" ALIGN="right" VALIGN="bottom"> <DIV
      ALIGN="right"></DIV>
    </TD>
    <TD WIDTH="4%" HEIGHT="18" ALIGN="right" VALIGN="bottom"><FONT
    SIZE="2"></FONT></TD>
    <TD WIDTH="7%" HEIGHT="18" ALIGN="right" VALIGN="bottom"> <DIV
      ALIGN="right"></DIV>
    </TD>
   </TR>
   <TR>
    <TD WIDTH="82%" ALIGN="left" VALIGN="bottom"> <UL> <UL> </UL>
    </UL>
    <P><FONT
    FACE="Arial" SIZE="2">Investments</FONT></P>
    </TD>
    <TD WIDTH="7%" ALIGN="right" VALIGN="bottom"> <DIV ALIGN="right"><FONT
    FACE="Arial" SIZE="2">$32,492</FONT></DIV>
    </TD>
    <TD WIDTH="4%" ALIGN="right" VALIGN="bottom"><FONT
    SIZE="2"></FONT></TD>
    <TD WIDTH="7%" ALIGN="right" VALIGN="bottom"> <DIV ALIGN="right"><FONT
    FACE="Arial" SIZE="2">$27,720</FONT></DIV>
    </TD>
   </TR>
   <TR ALIGN="center" VALIGN="top">
    <TD WIDTH="82%" HEIGHT="22"><FONT
    SIZE="2"></FONT></TD>
    <TH WIDTH="7%" NOWRAP HEIGHT="22"> <HR NOSHADE WIDTH="100%" SIZE="1"
      ALIGN="left"> </TH>
    <TD WIDTH="4%" HEIGHT="22">&nbsp;</TD>
    <TD WIDTH="7%" HEIGHT="22"> <HR NOSHADE WIDTH="100%" SIZE="1"
      ALIGN="center"> </TD>
   </TR>
   <TR>
    <TD WIDTH="82%" ALIGN="left" VALIGN="bottom"><FONT
    FACE="Arial" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net assets
      available for benefits</FONT></TD>
    <TD WIDTH="7%" ALIGN="right" VALIGN="bottom"> <DIV ALIGN="right"><FONT
    FACE="Arial" SIZE="2">$32,492 </FONT></DIV>
    </TD>
    <TD WIDTH="4%" ALIGN="right" VALIGN="bottom">&nbsp;</TD>
    <TD WIDTH="7%" ALIGN="right" VALIGN="bottom"> <DIV ALIGN="right"><FONT
    FACE="Arial" SIZE="2">$27,720</FONT></DIV>
    </TD>
   </TR>
   <TR ALIGN="center" VALIGN="top">
    <TD WIDTH="82%"><FONT
    SIZE="2"></FONT></TD>
    <TD WIDTH="7%"> <HR NOSHADE WIDTH="100%"> </TD>
    <TD WIDTH="4%">&nbsp;</TD>
    <TD WIDTH="7%"> <HR NOSHADE WIDTH="100%"> </TD>
   </TR>
  </TABLE>
  <DIV ALIGN="center"></DIV>
  <P>&nbsp;</P>
  <P>&nbsp;</P>
  <P>&nbsp;</P>
  <P>&nbsp;</P>
  <P ALIGN="center"><FONT
  FACE="Arial, Helvetica, sans-serif" SIZE="2">(The accompanying notes are an
    integral part of the financial statements.)</FONT></P>
  <DIV ALIGN="center"><FONT
  FACE="Arial, Helvetica, sans-serif" SIZE="2"> </FONT> </DIV>
  <P ALIGN="CENTER"><FONT
  FACE="Arial" SIZE="2"><U>SOLAR TURBINES INCORPORATED
  <BR>
  SAVINGS AND INVESTMENT PLAN</U></FONT></P>
  <P ALIGN="CENTER"><FONT
  FACE="Arial" SIZE="2"><U>STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR
    BENEFITS
  <BR>
  FOR THE YEAR ENDED DECEMBER 31, 1999 AND 1998</U></FONT> <FONT
  SIZE="2">
  <BR>
  <FONT
  FACE="Arial">(Dollars in 000's)</FONT></FONT></P>

  <TABLE WIDTH="80%" BORDER="0">
   <TR>
    <TD WIDTH="81%" ALIGN="left" VALIGN="bottom"><FONT
    SIZE="2"></FONT></TD>
    <TD WIDTH="7%"> <DIV ALIGN="center"><FONT
    FACE="Arial" SIZE="1">1999</FONT></DIV>
    </TD>
    <TD WIDTH="6%">&nbsp;</TD>
    <TD WIDTH="6%"> <DIV ALIGN="center"><FONT
    FACE="Arial" SIZE="1">1998</FONT></DIV>
    </TD>
   </TR>
   <TR VALIGN="top">
    <TD WIDTH="81%" ALIGN="left" HEIGHT="20"><FONT
    SIZE="2"></FONT></TD>
    <TD WIDTH="7%" HEIGHT="20"> <HR NOSHADE WIDTH="100%" SIZE="1"
      ALIGN="center"> </TD>
    <TD WIDTH="6%" HEIGHT="20">&nbsp;</TD>
    <TD WIDTH="6%" HEIGHT="20"> <HR NOSHADE WIDTH="100%" SIZE="1"
      ALIGN="right"> </TD>
   </TR>
   <TR>
    <TD ALIGN="left" VALIGN="bottom" WIDTH="81%"> <DIV ALIGN="left"><FONT
    FACE="Arial" SIZE="2">Participant contributions </FONT></DIV>
    </TD>
    <TD ALIGN="right" WIDTH="7%" VALIGN="bottom"><FONT
    FACE="Arial" SIZE="2">$2,880</FONT></TD>
    <TD ALIGN="right" WIDTH="6%" VALIGN="bottom">&nbsp;</TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="6%"><FONT
    FACE="Arial" SIZE="2">$3,891</FONT></TD>
   </TR>
   <TR VALIGN="top">
    <TD WIDTH="81%" ALIGN="left" HEIGHT="20"><FONT
    SIZE="2"></FONT></TD>
    <TD WIDTH="7%" HEIGHT="20"> <HR NOSHADE WIDTH="100%" SIZE="1"
      ALIGN="center"> </TD>
    <TD WIDTH="6%" HEIGHT="20">&nbsp;</TD>
    <TD WIDTH="6%" HEIGHT="20"> <HR NOSHADE WIDTH="100%" SIZE="1"
      ALIGN="right"> </TD>
   </TR>
   <TR>
    <TD ALIGN="left" VALIGN="bottom" WIDTH="81%"> <DIV ALIGN="left"></DIV>
    </TD>
    <TD ALIGN="right" WIDTH="7%" VALIGN="bottom">&nbsp;</TD>
    <TD ALIGN="right" WIDTH="6%" VALIGN="bottom">&nbsp;</TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="6%"><FONT
    SIZE="2"></FONT></TD>
   </TR>
   <TR>
    <TD ALIGN="left" VALIGN="bottom" WIDTH="81%"> <DIV ALIGN="left"><FONT
    FACE="Arial" SIZE="2">Investment income:</FONT></DIV>
    </TD>
    <TD ALIGN="right" WIDTH="7%" VALIGN="bottom"><FONT
    SIZE="2"></FONT></TD>
    <TD ALIGN="right" WIDTH="6%" VALIGN="bottom">&nbsp;</TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="6%">&nbsp;</TD>
   </TR>
   <TR>
    <TD ALIGN="left" VALIGN="bottom" WIDTH="81%"><FONT
    FACE="Arial" SIZE="2">&nbsp;&nbsp;Net appreciation in fair value of
      registered investment companies </FONT></TD>
    <TD ALIGN="right" WIDTH="7%" VALIGN="bottom"><FONT
    FACE="Arial" SIZE="2">532</FONT></TD>
    <TD ALIGN="right" WIDTH="6%" VALIGN="bottom">&nbsp;</TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="6%"><FONT
    FACE="Arial" SIZE="2">19</FONT></TD>
   </TR>
   <TR>
    <TD ALIGN="left" VALIGN="bottom" WIDTH="81%"><FONT
    FACE="Arial" SIZE="2">&nbsp;&nbsp;Plan interest in net investment income of
      Master Trust </FONT></TD>
    <TD ALIGN="right" WIDTH="7%" VALIGN="bottom"><FONT
    FACE="Arial" SIZE="2">4,343</FONT></TD>
    <TD ALIGN="right" WIDTH="6%" VALIGN="bottom">&nbsp;</TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="6%"><FONT
    FACE="Arial" SIZE="2"> 2,693</FONT></TD>
   </TR>
   <TR VALIGN="top">
    <TD WIDTH="81%" ALIGN="left" HEIGHT="20"><FONT
    SIZE="2"></FONT></TD>
    <TD WIDTH="7%" HEIGHT="20"> <HR NOSHADE WIDTH="100%" SIZE="1"
      ALIGN="center"> </TD>
    <TD WIDTH="6%" HEIGHT="20">&nbsp;</TD>
    <TD WIDTH="6%" HEIGHT="20"> <HR NOSHADE WIDTH="100%" SIZE="1"
      ALIGN="right"> </TD>
   </TR>
   <TR>
    <TD ALIGN="left" VALIGN="bottom" WIDTH="81%">&nbsp;</TD>
    <TD ALIGN="right" WIDTH="7%" VALIGN="bottom"><FONT
    SIZE="2"></FONT></TD>
    <TD ALIGN="right" WIDTH="6%" VALIGN="bottom">&nbsp;</TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="6%">&nbsp;</TD>
   </TR>
   <TR>
    <TD ALIGN="left" VALIGN="bottom" WIDTH="81%"><FONT
    FACE="Arial" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net investment
      income </FONT></TD>
    <TD ALIGN="right" WIDTH="7%" VALIGN="bottom"><FONT
    FACE="Arial" SIZE="2">4,875</FONT></TD>
    <TD ALIGN="right" WIDTH="6%" VALIGN="bottom">&nbsp;</TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="6%"><FONT
    FACE="Arial" SIZE="2"> 2,712</FONT></TD>
   </TR>
   <TR VALIGN="top">
    <TD WIDTH="81%" ALIGN="left" HEIGHT="20"><FONT
    SIZE="2"></FONT></TD>
    <TD WIDTH="7%" HEIGHT="20"> <HR NOSHADE WIDTH="100%" SIZE="1"
      ALIGN="center"> </TD>
    <TD WIDTH="6%" HEIGHT="20">&nbsp;</TD>
    <TD WIDTH="6%" HEIGHT="20"> <HR NOSHADE WIDTH="100%" SIZE="1"
      ALIGN="right"> </TD>
   </TR>
   <TR>
    <TD ALIGN="left" VALIGN="bottom" WIDTH="81%"><FONT
    SIZE="2"></FONT></TD>
    <TD ALIGN="right" WIDTH="7%" VALIGN="bottom"><FONT
    SIZE="2"></FONT></TD>
    <TD ALIGN="right" WIDTH="6%" VALIGN="bottom">&nbsp;</TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="6%"><FONT
    SIZE="2"></FONT></TD>
   </TR>
   <TR>
    <TD ALIGN="left" VALIGN="bottom" WIDTH="81%" HEIGHT="22"><FONT
    FACE="Arial" SIZE="2">Withdrawals </FONT></TD>
    <TD ALIGN="right" WIDTH="7%" VALIGN="bottom" HEIGHT="22"><FONT
    FACE="Arial" SIZE="2">(1,671)</FONT></TD>
    <TD ALIGN="right" WIDTH="6%" VALIGN="bottom" HEIGHT="22">&nbsp;</TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="6%" HEIGHT="22"><FONT
    FACE="Arial" SIZE="2"> (1,249)</FONT></TD>
   </TR>
   <TR>
    <TD ALIGN="left" VALIGN="bottom" WIDTH="81%"><FONT
    FACE="Arial" SIZE="2">Transfers (to)/from other plans, net </FONT></TD>
    <TD ALIGN="right" WIDTH="7%" VALIGN="bottom"><FONT
    FACE="Arial" SIZE="2">(1,312)</FONT></TD>
    <TD ALIGN="right" WIDTH="6%" VALIGN="bottom">&nbsp;</TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="6%"><FONT
    FACE="Arial" SIZE="2"> (564)</FONT></TD>
   </TR>
   <TR VALIGN="top">
    <TD WIDTH="81%" ALIGN="left" HEIGHT="20">&nbsp;</TD>
    <TD WIDTH="7%" HEIGHT="20"> <HR NOSHADE WIDTH="100%" SIZE="1"
      ALIGN="center"> </TD>
    <TD WIDTH="6%" HEIGHT="20">&nbsp;</TD>
    <TD WIDTH="6%" HEIGHT="20"> <HR NOSHADE WIDTH="100%" SIZE="1"
      ALIGN="right"> </TD>
   </TR>
   <TR>
    <TD ALIGN="left" VALIGN="bottom" WIDTH="81%">&nbsp;</TD>
    <TD ALIGN="right" WIDTH="7%" VALIGN="bottom"><FONT
    SIZE="2"></FONT></TD>
    <TD ALIGN="right" WIDTH="6%" VALIGN="bottom">&nbsp;</TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="6%"><FONT
    SIZE="2"></FONT></TD>
   </TR>
   <TR>
    <TD ALIGN="left" VALIGN="bottom" WIDTH="81%"><FONT
    FACE="Arial" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Withdrawals and
      transfers, net </FONT></TD>
    <TD ALIGN="right" WIDTH="7%" VALIGN="bottom"><FONT
    FACE="Arial" SIZE="2">(2,983)</FONT></TD>
    <TD ALIGN="right" WIDTH="6%" VALIGN="bottom">&nbsp;</TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="6%"><FONT
    FACE="Arial" SIZE="2"> (1,813)</FONT></TD>
   </TR>
   <TR VALIGN="top">
    <TD WIDTH="81%" ALIGN="left" HEIGHT="20">&nbsp;</TD>
    <TD WIDTH="7%" HEIGHT="20"> <HR NOSHADE WIDTH="100%" SIZE="1"
      ALIGN="center"> </TD>
    <TD WIDTH="6%" HEIGHT="20">&nbsp;</TD>
    <TD WIDTH="6%" HEIGHT="20"> <HR NOSHADE WIDTH="100%" SIZE="1"
      ALIGN="right"> </TD>
   </TR>
   <TR>
    <TD ALIGN="left" VALIGN="bottom" WIDTH="81%" HEIGHT="18"><FONT
    SIZE="2"></FONT></TD>
    <TD ALIGN="right" WIDTH="7%" VALIGN="bottom" HEIGHT="18">&nbsp;</TD>
    <TD ALIGN="right" WIDTH="6%" VALIGN="bottom" HEIGHT="18">&nbsp;</TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="6%" HEIGHT="18">&nbsp;</TD>
   </TR>
   <TR>
    <TD ALIGN="left" VALIGN="bottom" WIDTH="81%"><FONT
    FACE="Arial" SIZE="2">Increase in net assets available for
      benefits</FONT></TD>
    <TD ALIGN="right" WIDTH="7%" VALIGN="bottom"><FONT
    FACE="Arial" SIZE="2">4,772</FONT></TD>
    <TD ALIGN="right" WIDTH="6%" VALIGN="bottom"><FONT
    SIZE="2"></FONT></TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="6%"><FONT
    FACE="Arial" SIZE="2"> 4,790</FONT></TD>
   </TR>
   <TR>
    <TD ALIGN="left" VALIGN="bottom" WIDTH="81%"><FONT
    SIZE="2"></FONT></TD>
    <TD ALIGN="right" WIDTH="7%" VALIGN="bottom"><FONT
    SIZE="2"></FONT></TD>
    <TD ALIGN="right" WIDTH="6%" VALIGN="bottom"><FONT
    SIZE="2"></FONT></TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="6%"><FONT
    SIZE="2"></FONT></TD>
   </TR>
   <TR>
    <TD ALIGN="left" VALIGN="bottom" WIDTH="81%"><FONT
    FACE="Arial" SIZE="2">Net assets available for benefits:</FONT></TD>
    <TD ALIGN="right" WIDTH="7%" VALIGN="bottom"><FONT
    SIZE="2"></FONT></TD>
    <TD ALIGN="right" WIDTH="6%" VALIGN="bottom"><FONT
    SIZE="2"></FONT></TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="6%"><FONT
    SIZE="2"></FONT></TD>
   </TR>
   <TR>
    <TD ALIGN="left" VALIGN="bottom" WIDTH="81%"><FONT
    FACE="Arial" SIZE="2">&nbsp;&nbsp;Beginning of year </FONT></TD>
    <TD ALIGN="right" WIDTH="7%" VALIGN="bottom"><FONT
    FACE="Arial" SIZE="2">27,720</FONT></TD>
    <TD ALIGN="right" WIDTH="6%" VALIGN="bottom"><FONT
    SIZE="2"></FONT></TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="6%"><FONT
    FACE="Arial" SIZE="2"> 22,930</FONT></TD>
   </TR>
   <TR VALIGN="top">
    <TD WIDTH="81%" ALIGN="left" HEIGHT="20" VALIGN="bottom"><FONT
    SIZE="2"></FONT></TD>
    <TD WIDTH="7%" HEIGHT="20"> <HR NOSHADE WIDTH="100%" SIZE="1"
      ALIGN="center"> </TD>
    <TD WIDTH="6%" HEIGHT="20">&nbsp;</TD>
    <TD WIDTH="6%" HEIGHT="20"> <HR NOSHADE WIDTH="100%" SIZE="1"
      ALIGN="right"> </TD>
   </TR>
   <TR>
    <TD ALIGN="left" VALIGN="bottom" WIDTH="81%"><FONT
    SIZE="2"></FONT></TD>
    <TD ALIGN="right" WIDTH="7%" VALIGN="bottom">&nbsp;</TD>
    <TD ALIGN="right" WIDTH="6%" VALIGN="bottom">&nbsp;</TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="6%">&nbsp;</TD>
   </TR>
   <TR>
    <TD ALIGN="left" VALIGN="bottom" WIDTH="81%"><FONT
    FACE="Arial" SIZE="2">&nbsp;&nbsp;End of year</FONT></TD>
    <TD ALIGN="right" WIDTH="7%" VALIGN="bottom"> <DIV ALIGN="right"><FONT
    FACE="Arial" SIZE="2"> $32,492</FONT></DIV>
    </TD>
    <TD ALIGN="right" WIDTH="6%" VALIGN="bottom"><FONT
    SIZE="2"></FONT></TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="6%"><FONT
    FACE="Arial" SIZE="2"> $27,720</FONT></TD>
   </TR>
   <TR VALIGN="top">
    <TD WIDTH="81%" ALIGN="left" HEIGHT="20">&nbsp;</TD>
    <TD WIDTH="7%" HEIGHT="20"> <HR NOSHADE WIDTH="100%" SIZE="2"
      ALIGN="center"> </TD>
    <TD WIDTH="6%" HEIGHT="20">&nbsp;</TD>
    <TD WIDTH="6%" HEIGHT="20"> <HR NOSHADE WIDTH="100%" SIZE="2"
      ALIGN="right"> </TD>
   </TR>
   <TR>
    <TD ALIGN="left" VALIGN="bottom" WIDTH="81%"><FONT
    SIZE="2"></FONT></TD>
    <TD ALIGN="right" WIDTH="7%" VALIGN="bottom"><FONT
    SIZE="2"></FONT></TD>
    <TD ALIGN="right" WIDTH="6%" VALIGN="bottom"><FONT
    SIZE="2"></FONT></TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="6%"><FONT
    SIZE="2"></FONT></TD>
   </TR>
   <TR>
    <TD ALIGN="left" VALIGN="bottom" WIDTH="81%">&nbsp;</TD>
    <TD ALIGN="right" WIDTH="7%" VALIGN="bottom">&nbsp;</TD>
    <TD ALIGN="right" WIDTH="6%" VALIGN="bottom">&nbsp;</TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="6%">&nbsp;</TD>
   </TR>
  </TABLE>
  <P>&nbsp;</P>
  <DIV ALIGN="center"><FONT
  FACE="Arial" SIZE="2">(The accompanying notes are an integal part of the
    financial statements.) </FONT> </DIV>
  <P ALIGN="CENTER"><U><FONT
  FACE="Arial"><B>SOLAR TURBINES INCORPORATED</B></FONT></U><B><U><FONT
  FACE="Arial">
  <BR>
  SAVINGS AND INVESTMENT PLAN</FONT></U></B></P>
  <P ALIGN="CENTER"><B><U><FONT
  FACE="Arial">NOTES TO FINANCIAL STATEMENTS</FONT></U></B></P>
  <P><B><FONT
  FACE="Arial"><U>NOTE 1 - PLAN DESCRIPTION</U>:</FONT></B></P>
  <P><FONT
  FACE="Arial">The following description of the Solar Turbines Incorporated
    Savings and Investment Plan (the Plan) provides only general information.
    Employees should refer to the Plan agreement for a more complete
    description of the Plan's provisions. </FONT></P>
  <P><B><FONT
  FACE="Arial">General</FONT></B></P>
  <P><FONT
  FACE="Arial">The Plan is a contributory defined contribution plan established
    by Solar Turbines Incorporated (the Company), a 100%-owned subsidiary of
    Caterpillar Inc., to enable eligible employees of the Company and its
    subsidiaries (the employers) to accumulate funds. </FONT></P>
  <P><B><FONT
  FACE="Arial">Participation</FONT></B></P>
  <P><FONT
  FACE="Arial">Hourly employees of the employers who meet certain age, service
    and citizenship or residency requirements are eligible to participate in
    the Plan. Participation commences upon an eligible employee's filing of an
    application with the Company. Participating eligible employees (the
    participants) may elect to defer a portion of their compensation until
    retirement. </FONT></P>
  <P><B><FONT
  FACE="Arial">Participant accounts</FONT></B></P>
  <P><FONT
  FACE="Arial">Accounts are maintained separately for each participant. The
    participant's account is credited with the Participant's contribution as
    defined below and an allocation of Plan earnings. Allocations of earnings
    are based on participant account balances, as defined. The benefit to which
    a participant is entitled is the benefit that can be provided from the
    participant's vested account. </FONT></P>
  <P><B><FONT
  FACE="Arial">Loan provisions</FONT></B></P>
  <P><FONT
  FACE="Arial">The Plan provides for participant loans against eligible
    participants' account balances. Eligible employees obtain participant loans
    by filing a loan application with the Company and receiving approval
    thereof. Loan amounts are generally limited to the lesser of $50,000 or 50%
    of the individual participant's account balance, within certain regulatory
    restrictions. Loan repayment terms may range from 6 to 117 months depending
    on the type of loan and bear interest at the prime interest rate plus 1%
    rounded to the nearest whole percent, as determined at the loan
    origination. Repayments, including interest, are made through after-tax
    payroll deductions and are credited to the individual participant's account
    balance. </FONT></P>
  <P><B><FONT
  FACE="Arial">Contributions</FONT></B></P>
  <P><FONT
  FACE="Arial">Participant contributions are made through a pretax compensation
    deferral as elected by the participants and are contributed to the Plan by
    the employer. For 1999 and 1998, the compensation deferral was limited to
    (a) the greater of $6,000 or 4% of the participant's compensation (limited
    by the Internal Revenue Code to $10,000 in 1999) for participants earning
    in excess of $80,000 or (b) $10,000 for participants earning less than
    $80,000. </FONT></P>
  <P><FONT
  FACE="Arial"> </FONT></P>
  <P><B><FONT
  FACE="Arial">Investment programs</FONT></B></P>
  <P><FONT
  FACE="Arial">Participants may elect to have their contributions invested in
    any combination of the following ten investment fund options at December
    31, 1999:</FONT></P>
  <UL> <LI><FONT
  FACE="Arial">Caterpillar Stock Fund</FONT></LI>
  <P></P>
  <LI><FONT
  FACE="Arial"> Preferred Stable Principal Fund</FONT></LI>
  <P></P>
  <LI><FONT
  FACE="Arial">Preferred Short-Term Government Fund</FONT></LI>
  <P></P>
  <LI><FONT
  FACE="Arial">Preferred Money Market Fund</FONT></LI>
  <P></P>
  <LI><FONT
  FACE="Arial">Preferred Value Fund</FONT> </LI>
  <P></P>
  <LI><FONT
  FACE="Arial">Preferred International Fund</FONT></LI>
  <P></P>
  <LI><FONT
  FACE="Arial">Preferred Growth Fund</FONT></LI>
  </UL>
  <FONT
  FACE="Arial"> </FONT> <UL> <LI><FONT
  FACE="Arial">Preferred Asset Allocation Fund </FONT></LI>
  <P></P>
  <LI><FONT
  FACE="Arial">Preferred Fixed Income Fund </FONT></LI>
  <P></P>
  <LI><FONT
  FACE="Arial">Preferred Small Cap Fund</FONT><FONT
  FACE="Arial"> </FONT></LI>
  </UL>
  <P><FONT
  FACE="Arial">In addition, a self-directed fund option allows participants to
    invest in various other mutual funds outside of the Standard Plan options.
    State Street Bank serves as custodian for funds invested through this
    self-directed fund option. </FONT></P>
  <P><B><FONT
  FACE="Arial">Vesting and distribution provisions</FONT></B></P>
  <P><FONT
  FACE="Arial">Participants are fully vested in their participant contributions
    and earnings thereon. Upon termination of employment for any reason,
    including death, retirement or total and permanent disability, or upon Plan
    termination, the balance in participants' accounts are distributable.
    </FONT></P>
  <P><B><FONT
  FACE="Arial">Administration</FONT></B></P>
  <P><FONT
  FACE="Arial">The Plan is administered by the Vice President - Human Services
    Division of Caterpillar Inc. who is responsible for non-financial matters,
    and the Benefits Funds Committee of Caterpillar Inc. which is responsible
    for financial aspects of the Plan. Caterpillar Inc. and the Benefit Funds
    Committee have entered into a trust agreement with The Northern Trust
    Company to receive contributions, administer the assets of the Plan and
    distribute withdrawals pursuant to the Plan. </FONT></P>
  <P><B><FONT
  FACE="Arial">Plan termination</FONT></B></P>
  <FONT
  FACE="Arial">Although it has not expressed any intent to do so, the Company
    has the right under the Plan at any time to terminate the Plan subject to
    provisions of ERISA. In the event of Plan termination, any unallocated
    assets of the plan shall be allocated to participant accounts and
    distributed in such a manner as the company may determine.</FONT>
    <P><B><FONT
  FACE="Arial">Federal income tax status</FONT></B></P>
  <P><FONT
  FACE="Arial">The Internal Revenue Service has determined and informed the
    Company by letter dated April 13, 1999, that the Plan and related trust are
    designed in accordance with applicable sections of the Internal Revenue
    Code (IRC). The Plan has been amended subsequent to the determination
    letter; however, the Plan administrator believes that the Plan is designed
    and is currently being operated in compliance with the applicable
    requirements of the IRC. Therefore, they believe that the Plan is qualified
    and the related trust is tax-exempt as of the financial statement
    date.</FONT></P>
  <P><FONT
  FACE="Arial"> <B>Risks and uncertainties</B></FONT></P>
  <P><FONT
  FACE="Arial">The Plan provides for various investment options in any
    combination of stocks, bonds, fixed income securities, mutual funds and
    other investment securities. Investment securities are exposed to various
    risks, such as interest rate, market and credit risks. Due to the level of
    risk associated with certain investment securities, it is at least
    reasonably possible that changes in the values of investment securities
    could occur in the near term and that such changes could materially affect
    participants' account balances and the amounts reported in the statement of
    net assets available for benefits.</FONT></P>
  <P><FONT
  FACE="Arial"><U><B>NOTE 2 - SUMMARY OF SIGNIFICANT</B></U><B><U> ACCOUNTING
    POLICIES</U>:</B></FONT></P>
  <P><B><FONT
  FACE="Arial">New accounting standards</FONT></B></P>
  <P><FONT
  FACE="Arial">In September 1999, the Accounting Standards Executive Committee
    of the American Institute of Certified Public Accountants issued Statement
    of Position (SOP) 99-3, <I>Accounting for and Reporting of Certain Defined
    Contribution Benefit Plan Investments and Other Disclosure Matters </I>(SOP
    99-3). This SOP simplifies the disclosure of certain investment information
    of defined contribution plans. SOP 99-3 is effective for financial
    statements for plan years ending after December 15, 1999, with earlier
    application encouraged. The Plan has elected to adopt the provisions of
    this SOP for its Plan year ended December 31, 1999. The primary impact on
    the 1999 financial statements is the elimination of previously provided
    information by investment fund option.</FONT></P>
  <P><B><FONT
  FACE="Arial">Basis of accounting</FONT></B></P>
  <P><FONT
  FACE="Arial">The Plan's accounts are maintained on the accrual basis of
    accounting. </FONT></P>
  <P><B><FONT
  FACE="Arial">Investments</FONT></B></P>
  <P><FONT
  FACE="Arial">The fair value of the Plan's investment in the 401(k) Master
    Trust (Note 4) is based upon the beginning of the year value of the Plan's
    investment plus actual contributions, transfers and allocated investment
    income less actual withdrawals. Shares of registered investment companies
    included in the self-directed fund option are valued at quoted market
    prices which represent the net asset value of shares held by the Plan at
    year end. Income from investments is recorded as earned. </FONT></P>
  <P><B><FONT
  FACE="Arial">Administrative expenses</FONT></B></P>
  <P><FONT
  FACE="Arial">Administrative costs, including trustee fees and certain
    investment costs, are paid by Caterpillar Inc. </FONT></P>
  <P><B><FONT
  FACE="Arial">Use of estimates in the preparation</FONT></B><B><FONT
  FACE="Arial"> of financial statements</FONT></B></P>
  <P><FONT
  FACE="Arial">The preparation of financial statements in conformity with
    generally accepted accounting principles requires management to make
    estimates and assumptions that affect the reported amounts of assets,
    liabilities, income and benefit payments. Actual results could differ from
    those estimates. The Company believes the techniques and assumptions used
    in establishing these amounts are appropriate. </FONT></P>
  <P><FONT
  FACE="Arial"><U>NOTE 3 - MASTER TRUST</U>:</FONT></P>
  <P><FONT
  FACE="Arial">Under a Master Trust agreement with The Northern Trust Company
    (the Trustee), Part 2 of the Caterpillar Inc. Employees' Investment Plan
    (EIP), the Solar Turbines Incorporated Savings and Investment Plan and the
    Caterpillar Inc. Tax Deferred Savings Plan pool their investments in the
    Caterpillar Inc. 401(k) Master Trust (the Master Trust) in exchange for a
    percentage of participation in the Master Trust. </FONT></P>
  <P><FONT
  FACE="Arial">The Master Trust invests in the Preferred Group of Mutual Funds,
    registered investment companies which are sponsored by Caterpillar
    Investment Management Ltd. (CIML), a wholly-owned subsidiary of Caterpillar
    Inc. The options available to the participants through the Preferred Group
    of Mutual Funds are described in Note 1. </FONT></P>
  <P><FONT
  FACE="Arial">CIML manages the Preferred Small Cap Fund and the Preferred
    Short-term Government Fund. All other funds are managed by unrelated
    investment managers. Caterpillar Securities, Inc., a wholly-owned
    subsidiary of CIML, distributes the shares of the mutual funds to the
    Master Trust. </FONT></P>
  <P><FONT
  FACE="Arial">The percentage of the Plan's participation in the Master Trust
    was determined based on the December 31, 1999 and 1998 market values of net
    assets, as accumulated by the Trustee for the investment funds of each
    plan. At December 31, 1999 and 1998, the Plan's pro rata interest in the
    quoted market values of net assets of the Master Trust was 1.78% and 1.82%,
    respectively. </FONT></P>
  <P><B><FONT
  FACE="Arial">Investment valuation</FONT></B></P>
  <P><FONT
  FACE="Arial">The Master Trust's investments are stated at fair value. Common
    stock and cash and cash equivalents are valued at quoted market prices.
    Shares of registered investment companies are valued at quoted market
    prices which represent the net asset value of shares held by the Master
    Trust at year end. Participant loans are valued at cost which approximates
    fair value. </FONT></P>
  <P><FONT
  FACE="Arial">The net investment income or loss of the Master Trust is
    reflected in the financial statements of the Plan based on the actual
    earnings of each investment fund as allocated to the Plan based on average
    investment balances throughout the year. Details of the net assets and
    significant components of the changes in net assets of the Master Trust are
    as follows: </FONT></P>

  <TABLE WIDTH="80%" BORDER="0">
   <TR>
    <TD WIDTH="78%" ALIGN="left" VALIGN="bottom" HEIGHT="2"><FONT
    SIZE="2"></FONT></TD>
    <TD ALIGN="center" VALIGN="bottom" HEIGHT="2" COLSPAN="3"><FONT
    FACE="Arial" SIZE="1">December 31,</FONT><FONT
    SIZE="1"></FONT><FONT
    SIZE="1"></FONT></TD>
   </TR>
   <TR VALIGN="top" ALIGN="center">
    <TD WIDTH="78%"><FONT
    SIZE="2"></FONT></TD>
    <TD COLSPAN="3"> <HR NOSHADE WIDTH="100%" SIZE="1"> <FONT
    SIZE="1"></FONT><FONT
    SIZE="1"></FONT><FONT
    SIZE="1"></FONT></TD>
   </TR>
   <TR ALIGN="center">
    <TD WIDTH="78%" VALIGN="bottom"><FONT
    SIZE="2"></FONT></TD>
    <TD WIDTH="9%" VALIGN="bottom"><FONT
    FACE="Arial" SIZE="1">1999</FONT></TD>
    <TD WIDTH="5%" VALIGN="bottom"><FONT
    SIZE="1"></FONT></TD>
    <TD WIDTH="8%" VALIGN="bottom"><FONT
    FACE="Arial" SIZE="1">1998</FONT></TD>
   </TR>
   <TR VALIGN="top" ALIGN="center">
    <TD WIDTH="78%"><FONT
    SIZE="2"></FONT></TD>
    <TD WIDTH="9%"> <HR NOSHADE WIDTH="100%" SIZE="1"> </TD>
    <TD WIDTH="5%">&nbsp;</TD>
    <TD WIDTH="8%"> <HR NOSHADE WIDTH="100%" SIZE="1"> </TD>
   </TR>
   <TR>
    <TD WIDTH="78%" ALIGN="left" VALIGN="bottom"><FONT
    FACE="Arial" SIZE="2">Investments, at fair value:</FONT></TD>
    <TD WIDTH="9%" ALIGN="right" VALIGN="bottom"><FONT
    SIZE="2"></FONT></TD>
    <TD WIDTH="5%" ALIGN="right" VALIGN="bottom"><FONT
    SIZE="2"></FONT></TD>
    <TD WIDTH="8%" ALIGN="right" VALIGN="bottom"><FONT
    SIZE="2"></FONT></TD>
   </TR>
   <TR>
    <TD WIDTH="78%" ALIGN="left" VALIGN="bottom" HEIGHT="20"><FONT
    FACE="Arial" SIZE="2">&nbsp;&nbsp;Cash and cash equivalents </FONT></TD>
    <TD WIDTH="9%" ALIGN="right" VALIGN="bottom" HEIGHT="20"><FONT
    FACE="Arial" SIZE="2">$16,061</FONT></TD>
    <TD WIDTH="5%" ALIGN="right" VALIGN="bottom" HEIGHT="20"><FONT
    SIZE="2"></FONT></TD>
    <TD WIDTH="8%" ALIGN="right" VALIGN="bottom" HEIGHT="20"><FONT
    FACE="Arial" SIZE="2">$12,191</FONT></TD>
   </TR>
   <TR>
    <TD WIDTH="78%" ALIGN="left" VALIGN="bottom"><FONT
    FACE="Arial" SIZE="2">&nbsp;&nbsp;Common stock</FONT></TD>
    <TD WIDTH="9%" ALIGN="right" VALIGN="bottom"><FONT
    FACE="Arial" SIZE="2"> 330,694</FONT><FONT
    SIZE="2"></FONT></TD>
    <TD WIDTH="5%" ALIGN="right" VALIGN="bottom"><FONT
    SIZE="2"></FONT></TD>
    <TD WIDTH="8%" ALIGN="right" VALIGN="bottom"><FONT
    FACE="Arial" SIZE="2">343,517</FONT><FONT
    SIZE="2"></FONT></TD>
   </TR>
   <TR>
    <TD WIDTH="78%" ALIGN="left" VALIGN="bottom"><FONT
    FACE="Arial" SIZE="2">&nbsp;&nbsp;Registered investment companies
      </FONT></TD>
    <TD WIDTH="9%" ALIGN="right" VALIGN="bottom"><FONT
    FACE="Arial" SIZE="2">1,394,423</FONT><FONT
    SIZE="2"></FONT></TD>
    <TD WIDTH="5%" ALIGN="right" VALIGN="bottom"><FONT
    SIZE="2"></FONT></TD>
    <TD WIDTH="8%" ALIGN="right" VALIGN="bottom"><FONT
    FACE="Arial" SIZE="2"> 1,115,716</FONT><FONT
    SIZE="2"></FONT></TD>
   </TR>
   <TR>
    <TD WIDTH="78%" ALIGN="left" VALIGN="bottom"><FONT
    FACE="Arial" SIZE="2">&nbsp;&nbsp;Participant loans </FONT></TD>
    <TD WIDTH="9%" ALIGN="right" VALIGN="bottom"><FONT
    FACE="Arial" SIZE="2">27,405</FONT><FONT
    SIZE="2"></FONT></TD>
    <TD WIDTH="5%" ALIGN="right" VALIGN="bottom"><FONT
    SIZE="2"></FONT></TD>
    <TD WIDTH="8%" ALIGN="right" VALIGN="bottom"><FONT
    FACE="Arial" SIZE="2">24,686</FONT><FONT
    SIZE="2"></FONT></TD>
   </TR>
   <TR>
    <TD WIDTH="78%" ALIGN="left" VALIGN="bottom"><FONT
    SIZE="2"></FONT></TD>
    <TD WIDTH="9%" ALIGN="right" VALIGN="bottom"> <HR NOSHADE WIDTH="100%"
      SIZE="1"> </TD>
    <TD WIDTH="5%" ALIGN="right" VALIGN="bottom"><FONT
    SIZE="2"></FONT></TD>
    <TD WIDTH="8%" ALIGN="right" VALIGN="bottom"> <HR NOSHADE WIDTH="100%"
      SIZE="1"> </TD>
   </TR>
   <TR>
    <TD WIDTH="78%" ALIGN="left" VALIGN="bottom"><FONT
    FACE="Arial" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total investments
      </FONT></TD>
    <TD WIDTH="9%" ALIGN="right" VALIGN="bottom"><FONT
    FACE="Arial" SIZE="2">1,768,583</FONT></TD>
    <TD WIDTH="5%" ALIGN="right" VALIGN="bottom"><FONT
    SIZE="2"></FONT></TD>
    <TD WIDTH="8%" ALIGN="right" VALIGN="bottom"><FONT
    FACE="Arial" SIZE="2"> 1,496,110</FONT></TD>
   </TR>
   <TR>
    <TD WIDTH="78%" ALIGN="left" VALIGN="bottom"><FONT
    SIZE="2"></FONT></TD>
    <TD WIDTH="9%" ALIGN="right" VALIGN="bottom"><FONT
    SIZE="2"></FONT></TD>
    <TD WIDTH="5%" ALIGN="right" VALIGN="bottom"><FONT
    SIZE="2"></FONT></TD>
    <TD WIDTH="8%" ALIGN="right" VALIGN="bottom"><FONT
    SIZE="2"></FONT></TD>
   </TR>
   <TR>
    <TD WIDTH="78%" ALIGN="left" VALIGN="bottom"><FONT
    FACE="Arial" SIZE="2">Dividend and interest receivable </FONT></TD>
    <TD WIDTH="9%" ALIGN="right" VALIGN="bottom"><FONT
    FACE="Arial" SIZE="2">105</FONT></TD>
    <TD WIDTH="5%" ALIGN="right" VALIGN="bottom"><FONT
    SIZE="2"></FONT></TD>
    <TD WIDTH="8%" ALIGN="right" VALIGN="bottom"><FONT
    FACE="Arial" SIZE="2">93</FONT></TD>
   </TR>
   <TR>
    <TD WIDTH="78%" ALIGN="left" VALIGN="bottom"><FONT
    FACE="Arial" SIZE="2">Transfers receivable from EIP Part 1</FONT></TD>
    <TD WIDTH="9%" ALIGN="right" VALIGN="bottom"><FONT
    FACE="Arial" SIZE="2"> 2,802</FONT><FONT
    SIZE="2"></FONT></TD>
    <TD WIDTH="5%" ALIGN="right" VALIGN="bottom"><FONT
    SIZE="2"></FONT></TD>
    <TD WIDTH="8%" ALIGN="right" VALIGN="bottom"><FONT
    FACE="Arial" SIZE="2">2,525</FONT><FONT
    SIZE="2"></FONT></TD>
   </TR>
   <TR>
    <TD WIDTH="78%" ALIGN="left" VALIGN="bottom"><FONT
    FACE="Arial" SIZE="2">Contributions receivable </FONT></TD>
    <TD WIDTH="9%" ALIGN="right" VALIGN="bottom"><FONT
    FACE="Arial" SIZE="2">6,976</FONT><FONT
    SIZE="2"></FONT></TD>
    <TD WIDTH="5%" ALIGN="right" VALIGN="bottom"><FONT
    SIZE="2"></FONT></TD>
    <TD WIDTH="8%" ALIGN="right" VALIGN="bottom"><FONT
    FACE="Arial" SIZE="2"> 6,648</FONT><FONT
    SIZE="2"></FONT></TD>
   </TR>
   <TR>
    <TD WIDTH="78%" ALIGN="left" VALIGN="bottom"><FONT
    FACE="Arial" SIZE="2">Receivable due from broker</FONT></TD>
    <TD WIDTH="9%" ALIGN="right" VALIGN="bottom"><FONT
    FACE="Arial" SIZE="2"> 7,700</FONT><FONT
    SIZE="2"></FONT></TD>
    <TD WIDTH="5%" ALIGN="right" VALIGN="bottom"><FONT
    SIZE="2"></FONT></TD>
    <TD WIDTH="8%" ALIGN="right" VALIGN="bottom"><FONT
    SIZE="2"></FONT></TD>
   </TR>
   <TR>
    <TD WIDTH="78%" ALIGN="left" VALIGN="bottom"><FONT
    FACE="Arial" SIZE="2">Other receivable/(payable), net </FONT></TD>
    <TD WIDTH="9%" ALIGN="right" VALIGN="bottom"><FONT
    FACE="Arial" SIZE="2">200</FONT><FONT
    SIZE="2"></FONT></TD>
    <TD WIDTH="5%" ALIGN="right" VALIGN="bottom"><FONT
    SIZE="2"></FONT></TD>
    <TD WIDTH="8%" ALIGN="right" VALIGN="bottom"><FONT
    FACE="Arial" SIZE="2"> 259</FONT><FONT
    SIZE="2"></FONT></TD>
   </TR>
   <TR>
    <TD WIDTH="78%" ALIGN="left" VALIGN="bottom"><FONT
    SIZE="2"></FONT></TD>
    <TD WIDTH="9%" ALIGN="right" VALIGN="bottom"> <HR NOSHADE WIDTH="100%"
      SIZE="1"> </TD>
    <TD WIDTH="5%" ALIGN="right" VALIGN="bottom"><FONT
    SIZE="2"></FONT></TD>
    <TD WIDTH="8%" ALIGN="right" VALIGN="bottom"> <HR NOSHADE WIDTH="100%"
      SIZE="1"> </TD>
   </TR>
   <TR>
    <TD WIDTH="78%" ALIGN="left" VALIGN="bottom"><FONT
    SIZE="2"></FONT></TD>
    <TD WIDTH="9%" ALIGN="right" VALIGN="bottom"><FONT
    SIZE="2"></FONT></TD>
    <TD WIDTH="5%" ALIGN="right" VALIGN="bottom"><FONT
    SIZE="2"></FONT></TD>
    <TD WIDTH="8%" ALIGN="right" VALIGN="bottom"><FONT
    SIZE="2"></FONT></TD>
   </TR>
   <TR>
    <TD WIDTH="78%" ALIGN="left" VALIGN="bottom"><FONT
    FACE="Arial" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Master Trust net assets
      </FONT></TD>
    <TD WIDTH="9%" ALIGN="right" VALIGN="bottom"><FONT
    FACE="Arial" SIZE="2">$1,786,366</FONT><FONT
    SIZE="2"></FONT></TD>
    <TD WIDTH="5%" ALIGN="right" VALIGN="bottom"><FONT
    SIZE="2"></FONT></TD>
    <TD WIDTH="8%" ALIGN="right" VALIGN="bottom"><FONT
    FACE="Arial" SIZE="2">$1,505,635</FONT><FONT
    SIZE="2"></FONT></TD>
   </TR>
   <TR VALIGN="top" ALIGN="center">
    <TD WIDTH="78%"><FONT
    SIZE="2"></FONT></TD>
    <TD WIDTH="9%"> <HR NOSHADE WIDTH="100%" SIZE="2"> <FONT
    SIZE="2"></FONT></TD>
    <TD WIDTH="5%"><FONT
    SIZE="2"></FONT></TD>
    <TD WIDTH="8%"> <HR NOSHADE WIDTH="100%" SIZE="2"> <FONT
    SIZE="2"></FONT></TD>
   </TR>
   <TR>
   </TR>
  </TABLE>
  <P>&nbsp; </P>

  <TABLE WIDTH="80%" BORDER="0">
   <TR>
    <TD WIDTH="79%">&nbsp;</TD>
    <TD ALIGN="center" VALIGN="bottom" COLSPAN="3"><FONT
    FACE="Arial" SIZE="1">For the year ended
    <BR>
    </FONT><FONT
    SIZE="1"></FONT><FONT
    SIZE="1"></FONT><FONT
    FACE="Arial" SIZE="1">December 31,</FONT></TD>
   </TR>
   <TR ALIGN="center" VALIGN="top">
    <TD WIDTH="79%"></TD>
    <TD COLSPAN="3"> <FONT
    SIZE="1"></FONT> <HR NOSHADE WIDTH="100%" SIZE="1"> <FONT
    SIZE="1"></FONT></TD>
   </TR>
   <TR ALIGN="center">
    <TD VALIGN="bottom" WIDTH="79%"><FONT
    SIZE="2"></FONT></TD>
    <TD VALIGN="bottom" WIDTH="9%"><FONT
    FACE="Arial" SIZE="1">1999 </FONT></TD>
    <TD VALIGN="bottom" WIDTH="4%"><FONT
    SIZE="1"></FONT></TD>
    <TD VALIGN="bottom" WIDTH="8%"><FONT
    FACE="Arial" SIZE="1">1998</FONT></TD>
   </TR>
   <TR ALIGN="center" VALIGN="top">
    <TD WIDTH="79%"><FONT
    SIZE="2"></FONT></TD>
    <TD WIDTH="9%"> <HR NOSHADE WIDTH="100%" SIZE="1"> </TD>
    <TD WIDTH="4%">&nbsp;</TD>
    <TD WIDTH="8%"> <HR NOSHADE WIDTH="100%" SIZE="1"> </TD>
   </TR>
   <TR>
    <TD ALIGN="left" VALIGN="bottom" WIDTH="79%"><FONT
    FACE="Arial" SIZE="2">Investment income:</FONT></TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="9%"><FONT
    SIZE="2"></FONT></TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="4%"><FONT
    SIZE="2"></FONT></TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="8%"><FONT
    SIZE="2"></FONT></TD>
   </TR>
   <TR>
    <TD ALIGN="left" VALIGN="bottom" WIDTH="79%"><FONT
    FACE="Arial" SIZE="2">&nbsp;&nbsp;Interest </FONT></TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="9%"><FONT
    FACE="Arial" SIZE="2">$ 2,917</FONT></TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="4%"><FONT
    SIZE="2"></FONT></TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="8%"><FONT
    FACE="Arial" SIZE="2">$ 2,946</FONT></TD>
   </TR>
   <TR>
    <TD ALIGN="left" VALIGN="bottom" WIDTH="79%"><FONT
    FACE="Arial" SIZE="2">&nbsp;&nbsp;Dividends</FONT></TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="9%"><FONT
    FACE="Arial" SIZE="2"> 7,597</FONT><FONT
    SIZE="2"></FONT></TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="4%"><FONT
    SIZE="2"></FONT></TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="8%"><FONT
    FACE="Arial" SIZE="2">7,756</FONT><FONT
    SIZE="2"></FONT></TD>
   </TR>
   <TR>
    <TD ALIGN="left" VALIGN="bottom" WIDTH="79%"><FONT
    FACE="Arial" SIZE="2">&nbsp;&nbsp;Net appreciation (depreciation) in fair
      value of:</FONT></TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="9%"><FONT
    SIZE="2"></FONT></TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="4%"><FONT
    SIZE="2"></FONT></TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="8%"><FONT
    SIZE="2"></FONT></TD>
   </TR>
   <TR>
    <TD ALIGN="left" VALIGN="bottom" WIDTH="79%"><FONT
    FACE="Arial" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;Common stock </FONT></TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="9%"><FONT
    FACE="Arial" SIZE="2">22,897</FONT></TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="4%"><FONT
    SIZE="2"></FONT></TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="8%"><FONT
    FACE="Arial" SIZE="2">(15,546)</FONT></TD>
   </TR>
   <TR>
    <TD ALIGN="left" VALIGN="bottom" WIDTH="79%"><FONT
    FACE="Arial" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;Registered investment
      companies </FONT></TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="9%"><FONT
    FACE="Arial" SIZE="2">228,248</FONT></TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="4%"><FONT
    SIZE="2"></FONT></TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="8%"><FONT
    FACE="Arial" SIZE="2">165,523</FONT></TD>
   </TR>
   <TR ALIGN="center" VALIGN="top">
    <TD WIDTH="79%"><FONT
    SIZE="2"></FONT></TD>
    <TD WIDTH="9%"> <HR NOSHADE WIDTH="100%" SIZE="1"> </TD>
    <TD WIDTH="4%">&nbsp;</TD>
    <TD WIDTH="8%"> <HR NOSHADE WIDTH="100%" SIZE="1"> </TD>
   </TR>
   <TR>
    <TD ALIGN="left" VALIGN="bottom" WIDTH="79%"><FONT
    SIZE="2"></FONT></TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="9%"><FONT
    SIZE="2"></FONT></TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="4%"><FONT
    SIZE="2"></FONT></TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="8%"><FONT
    SIZE="2"></FONT></TD>
   </TR>
   <TR>
    <TD ALIGN="left" VALIGN="bottom" WIDTH="79%"><FONT
    FACE="Arial" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net investment
      income </FONT></TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="9%"><FONT
    FACE="Arial" SIZE="2">261,659</FONT></TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="4%"><FONT
    SIZE="2"></FONT></TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="8%"><FONT
    FACE="Arial" SIZE="2">160,679</FONT></TD>
   </TR>
   <TR>
    <TD ALIGN="left" VALIGN="bottom" WIDTH="79%">&nbsp;</TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="9%">&nbsp;</TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="4%">&nbsp;</TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="8%">&nbsp;</TD>
   </TR>
   <TR>
    <TD ALIGN="left" VALIGN="bottom" WIDTH="79%"><FONT
    SIZE="2"></FONT></TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="9%"><FONT
    SIZE="2"></FONT></TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="4%"><FONT
    SIZE="2"></FONT></TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="8%"><FONT
    SIZE="2"></FONT></TD>
   </TR>
   <TR>
    <TD ALIGN="left" VALIGN="bottom" WIDTH="79%"><FONT
    FACE="Arial" SIZE="2">&nbsp;&nbsp;Contributions to all plans </FONT></TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="9%"><FONT
    FACE="Arial" SIZE="2">80,394</FONT></TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="4%"><FONT
    SIZE="2"></FONT></TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="8%"><FONT
    FACE="Arial" SIZE="2">94,843</FONT></TD>
   </TR>
   <TR>
    <TD ALIGN="left" VALIGN="bottom" WIDTH="79%"><FONT
    FACE="Arial" SIZE="2">&nbsp;&nbsp;Withdrawals from all plans </FONT></TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="9%"><FONT
    FACE="Arial" SIZE="2">(128,500)</FONT></TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="4%"><FONT
    SIZE="2"></FONT></TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="8%"><FONT
    FACE="Arial" SIZE="2"> (76,445)</FONT></TD>
   </TR>
   <TR>
    <TD ALIGN="left" VALIGN="bottom" WIDTH="79%"><FONT
    FACE="Arial" SIZE="2">&nbsp;&nbsp;Transfers from EIP Part 1</FONT></TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="9%"><FONT
    FACE="Arial" SIZE="2"> 84,107</FONT></TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="4%"><FONT
    SIZE="2"></FONT></TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="8%"><FONT
    FACE="Arial" SIZE="2">84,143</FONT></TD>
   </TR>
   <TR>
    <TD ALIGN="left" VALIGN="bottom" WIDTH="79%"><FONT
    FACE="Arial" SIZE="2">&nbsp;&nbsp;Interfund transfers (to) from
      self-directed brokerage account, net </FONT></TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="9%"><FONT
    FACE="Arial" SIZE="2">(16,764) </FONT></TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="4%"><FONT
    SIZE="2"></FONT></TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="8%"><FONT
    FACE="Arial" SIZE="2">(1,437)</FONT></TD>
   </TR>
   <TR ALIGN="center" VALIGN="top">
    <TD WIDTH="79%"><FONT
    SIZE="2"></FONT></TD>
    <TD WIDTH="9%"> <HR NOSHADE WIDTH="100%" SIZE="1"> </TD>
    <TD WIDTH="4%">&nbsp;</TD>
    <TD WIDTH="8%"> <HR NOSHADE WIDTH="100%" SIZE="1"> </TD>
   </TR>
   <TR>
    <TD ALIGN="left" VALIGN="bottom" WIDTH="79%"><FONT
    SIZE="2"></FONT></TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="9%"><FONT
    SIZE="2"></FONT></TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="4%"><FONT
    SIZE="2"></FONT></TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="8%"><FONT
    SIZE="2"></FONT></TD>
   </TR>
   <TR>
    <TD ALIGN="left" VALIGN="bottom" WIDTH="79%"><FONT
    FACE="Arial" SIZE="2">Increase in Master Trust net assets </FONT></TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="9%"><FONT
    FACE="Arial" SIZE="2">280,896</FONT></TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="4%"><FONT
    SIZE="2"></FONT></TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="8%"><FONT
    FACE="Arial" SIZE="2">261,783</FONT></TD>
   </TR>
   <TR>
    <TD ALIGN="left" VALIGN="bottom" WIDTH="79%"><FONT
    SIZE="2"></FONT></TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="9%"><FONT
    SIZE="2"></FONT></TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="4%"><FONT
    SIZE="2"></FONT></TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="8%"><FONT
    SIZE="2"></FONT></TD>
   </TR>
   <TR>
    <TD ALIGN="left" VALIGN="bottom" WIDTH="79%"><FONT
    FACE="Arial" SIZE="2">Master Trust net assets:</FONT></TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="9%"><FONT
    SIZE="2"></FONT></TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="4%"><FONT
    SIZE="2"></FONT></TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="8%"><FONT
    SIZE="2"></FONT></TD>
   </TR>
   <TR>
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    FACE="Arial" SIZE="2">&nbsp;&nbsp;Beginning of year</FONT></TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="9%"><FONT
    FACE="Arial" SIZE="2"> 1,505,635</FONT></TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="4%"><FONT
    SIZE="2"></FONT></TD>
    <TD ALIGN="right" VALIGN="bottom" WIDTH="8%"><FONT
    FACE="Arial" SIZE="2">1,243,852</FONT></TD>
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   <TR ALIGN="center" VALIGN="top">
    <TD WIDTH="79%"><FONT
    SIZE="2"></FONT></TD>
    <TD WIDTH="9%"> <HR NOSHADE WIDTH="100%" SIZE="1"> </TD>
    <TD WIDTH="4%">&nbsp;</TD>
    <TD WIDTH="8%"> <HR NOSHADE WIDTH="100%" SIZE="1"> </TD>
   </TR>
   <TR>
    <TD ALIGN="left" VALIGN="bottom" WIDTH="79%"><FONT
    SIZE="2"></FONT></TD>
    <TD ALIGN="center" VALIGN="bottom" WIDTH="9%"><FONT
    SIZE="2"></FONT></TD>
    <TD ALIGN="center" VALIGN="bottom" WIDTH="4%"><FONT
    SIZE="2"></FONT></TD>
    <TD ALIGN="center" VALIGN="bottom" WIDTH="8%"><FONT
    SIZE="2"></FONT></TD>
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   <TR>
    <TD ALIGN="left" VALIGN="bottom" WIDTH="79%"><FONT
    FACE="Arial" SIZE="2">&nbsp;&nbsp;End of year </FONT></TD>
    <TD ALIGN="center" VALIGN="bottom" WIDTH="9%"><FONT
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    <TD ALIGN="center" VALIGN="bottom" WIDTH="4%"><FONT
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    <TD ALIGN="center" VALIGN="bottom" WIDTH="8%"><FONT
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   </TR>
   <TR ALIGN="center" VALIGN="top">
    <TD WIDTH="79%"><FONT
    SIZE="2"></FONT></TD>
    <TD WIDTH="9%"> <HR NOSHADE WIDTH="100%" SIZE="2"> </TD>
    <TD WIDTH="4%">&nbsp;</TD>
    <TD WIDTH="8%"> <HR NOSHADE WIDTH="100%" SIZE="2"> </TD>
   </TR>
  </TABLE>
  <P>&nbsp;</P>
  <P>&nbsp;</P>
  <P>&nbsp;</P>
  <P>&nbsp;</P>
  <DIV ALIGN="center">SUPPLEMENTAL SCHEDULE </DIV>
  <P ALIGN="RIGHT"><B><U><FONT
  FACE="Arial"></FONT></U></B></P>
  <P ALIGN="RIGHT"><B><U><FONT
  FACE="Arial" SIZE="2">SCHEDULE I</FONT></U></B></P>
  <P ALIGN="CENTER"><U><FONT
  FACE="Arial" SIZE="2">SOLAR TURBINES INCORPORATED</FONT></U></P>
  <P ALIGN="CENTER"><FONT
  SIZE="2"><U><FONT
  FACE="Arial">SAVINGS AND INVESTMENT PLAN</FONT></U></FONT></P>
  <P ALIGN="CENTER"><FONT
  SIZE="2"><U><FONT
  FACE="Arial">SCHEDULE OF ASSETS HELD FOR INVESTMENT
    PURPOSES</FONT></U></FONT></P>
  <P ALIGN="CENTER"><FONT
  SIZE="2"><U><FONT
  FACE="Arial">DECEMBER 31, 1999</FONT></U></FONT></P>
  <P>
  <TABLE WIDTH="81%">
   <TR>
    <TD VALIGN="TOP" WIDTH="5%"> <P ALIGN="CENTER"><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="20%"> <P ALIGN="CENTER"><FONT
    FACE="Arial" SIZE="1">(b)</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="3%"><FONT
    SIZE="1">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="42%"> <P ALIGN="CENTER"><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="3%"><FONT
    SIZE="1">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="9%"> <P ALIGN="CENTER"><FONT
    FACE="Arial" SIZE="1">(d)</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="3%"><FONT
    SIZE="1">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="15%"> <P ALIGN="CENTER"><FONT
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    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="5%"><FONT
    SIZE="1">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="20%"> <P ALIGN="CENTER"><FONT
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    <BR>
    borrower, lessor
    <BR>
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    <TD VALIGN="TOP" WIDTH="3%"><FONT
    SIZE="1">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="42%"> <P ALIGN="CENTER"><FONT
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    <TD VALIGN="TOP" WIDTH="3%"><FONT
    SIZE="1">&#160; </FONT></TD>
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    <TD VALIGN="TOP" WIDTH="3%"><FONT
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    <FONT
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    <HR NOSHADE WIDTH="80%" SIZE="1"> </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="5%"> <P ALIGN="CENTER"><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="20%"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="3%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="42%"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="3%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="9%"> <DIV ALIGN="center"><FONT
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    <TD VALIGN="TOP" WIDTH="3%">&#160; </TD>
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    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="5%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="20%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="3%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="42%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="3%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="9%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="3%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="15%"> <HR NOSHADE WIDTH="80%" SIZE="2"
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="5%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="20%"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="3%">&#160; </TD>
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    </TD>
    <TD VALIGN="TOP" WIDTH="3%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="9%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="3%">&#160; </TD>
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    FACE="Arial" SIZE="-1"> 4,432</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="5%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="20%"> <P><FONT
    FACE="Arial" SIZE="-1">Baron</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="3%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="42%"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="3%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="9%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="3%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="15%"> <P ALIGN="right"><FONT
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    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="5%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="20%"> <P><FONT
    FACE="Arial" SIZE="-1">Fidelity</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="3%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="42%"> <P><FONT
    FACE="Arial" SIZE="-1">Europe; 138.24 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="3%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="9%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="3%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="15%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="-1">5,180</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="5%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="20%"> <P><FONT
    FACE="Arial" SIZE="-1">Firsthand</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="3%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="42%"> <P><FONT
    FACE="Arial" SIZE="-1">Technology Value; 1,273.94 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="3%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="9%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="3%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="15%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="-1">115,317</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="5%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="20%"> <P><FONT
    FACE="Arial" SIZE="-1">Janus</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="3%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="42%"> <P><FONT
    FACE="Arial" SIZE="-1">Global Technology; 3,681.66 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="3%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="9%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="3%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="15%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="-1">113,874</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="5%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="20%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="3%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="42%"> <P><FONT
    FACE="Arial" SIZE="-1">Inv't Worldwide; 112.51 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="3%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="9%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="3%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="15%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="-1">8,599</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="5%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="20%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="3%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="42%"> <P><FONT
    FACE="Arial" SIZE="-1">Olympus; 139.89 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="3%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="9%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="3%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="15%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="-1">7,450</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="5%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="20%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="3%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="42%"> <P><FONT
    FACE="Arial" SIZE="-1">Special Situations; 337.36 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="3%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="9%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="3%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="15%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="-1">7,776</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="5%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="20%"> <P><FONT
    FACE="Arial" SIZE="-1">Oakmark</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="3%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="42%"> <P><FONT
    FACE="Arial" SIZE="-1">Oakmark Fund; 159.78 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="3%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="9%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="3%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="15%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="-1">4,346</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="5%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="20%"> <P><FONT
    FACE="Arial" SIZE="-1">PBHG</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="3%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="42%"> <P><FONT
    FACE="Arial" SIZE="-1">Growth; 366.95 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="3%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="9%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="3%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="15%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="-1">17,386</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="5%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="20%"> <P><FONT
    FACE="Arial" SIZE="-1">Rydex</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="3%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="42%"> <P><FONT
    FACE="Arial" SIZE="-1">OTC Fund; 1,868.82 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="3%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="9%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="3%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="15%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="-1">153,916</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="5%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="20%"> <P><FONT
    FACE="Arial" SIZE="-1">SSGA</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="3%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="42%"> <P><FONT
    FACE="Arial" SIZE="-1">Money Market Fund; 70,977.50 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="3%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="9%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="3%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="15%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="-1">70,978</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="5%" HEIGHT="25">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="20%" HEIGHT="25">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="3%" HEIGHT="25">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="42%" HEIGHT="25">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="3%" HEIGHT="25">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="9%" HEIGHT="25">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="3%" HEIGHT="25">&#160; </TD>
    <TD WIDTH="15%" VALIGN="bottom" HEIGHT="25"> <HR NOSHADE WIDTH="80%"
      SIZE="1" ALIGN="right"> </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="5%" HEIGHT="28">&nbsp;</TD>
    <TD VALIGN="TOP" WIDTH="20%" HEIGHT="28">&nbsp;</TD>
    <TD VALIGN="TOP" WIDTH="3%" HEIGHT="28">&nbsp;</TD>
    <TD VALIGN="TOP" WIDTH="42%" HEIGHT="28">&nbsp;</TD>
    <TD VALIGN="TOP" WIDTH="3%" HEIGHT="28">&nbsp;</TD>
    <TD VALIGN="TOP" WIDTH="9%" HEIGHT="28"> <DIV ALIGN="center"><FONT
    FACE="Arial" SIZE="-1">**</FONT></DIV>
    </TD>
    <TD VALIGN="TOP" WIDTH="3%" HEIGHT="28">&nbsp;</TD>
    <TD VALIGN="TOP" WIDTH="15%" HEIGHT="28"> <DIV ALIGN="right"><FONT
    FACE="Arial" SIZE="-1">514,551</FONT></DIV>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="5%">&nbsp;</TD>
    <TD VALIGN="TOP" WIDTH="20%">&nbsp;</TD>
    <TD VALIGN="TOP" WIDTH="3%">&nbsp;</TD>
    <TD VALIGN="TOP" WIDTH="42%">&nbsp;</TD>
    <TD VALIGN="TOP" WIDTH="3%">&nbsp;</TD>
    <TD VALIGN="TOP" WIDTH="9%">&nbsp;</TD>
    <TD VALIGN="TOP" WIDTH="3%">&nbsp;</TD>
    <TD VALIGN="TOP" WIDTH="15%"> <HR NOSHADE WIDTH="80%" SIZE="1"
      ALIGN="right"> </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="5%"><FONT
    FACE="Arial">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="20%"><FONT
    FACE="Arial">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="3%"><FONT
    FACE="Arial">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="42%"><FONT
    FACE="Arial" SIZE="-1">&#160;Total investments</FONT></TD>
    <TD VALIGN="TOP" WIDTH="3%"><FONT
    FACE="Arial">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="9%"> <DIV ALIGN="center"><FONT
    FACE="Arial">&#160;<FONT
    SIZE="-1"> </FONT></FONT></DIV>
    </TD>
    <TD VALIGN="TOP" WIDTH="3%"><FONT
    FACE="Arial">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="15%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="-1">$32,491,561</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="5%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="20%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="3%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="42%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="3%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="9%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="3%">&#160; </TD>
    <TD WIDTH="15%" VALIGN="bottom"> <HR NOSHADE WIDTH="80%" SIZE="2"
      ALIGN="right"> </TD>
   </TR>
  </TABLE>
  <P ALIGN="center"><FONT
  FACE="Arial" SIZE="-1">**--Cost informations not applicable for participant
    directed investments.</FONT></P>
  <P ALIGN="RIGHT"><U><FONT
  FACE="Arial"><B>EXHIBIT C</B></FONT></U></P>
  <P ALIGN="CENTER"><B><FONT
  FACE="Arial">Consent of Independent Accountants</FONT></B></P>
  <P><FONT
  FACE="Arial">We hereby consent to the incorporation by reference in the
    Registration Statement on Forms
  <BR>
  S-8 (No.&#160;2-97450, as amended, and No. 33-37353) of Caterpillar Inc. of
    our report dated May 26, 2000 relating to the financial statements of the
    Solar Turbines Incorporated Savings and Investment Plan, which appears in
    this Form 11-K. </FONT></P>
  <P><FONT
  FACE="Arial">/s/ PricewaterhouseCoopers LLP</FONT></P>
  <P><FONT
  FACE="Arial">Peoria, Illinois
  <BR>
  May 26, 2000</FONT></P>
  <P ALIGN=CENTER><B><FONT
  FACE="Arial, Helvetica, sans-serif">SECURITIES AND EXCHANGE
    COMMISSION</FONT></B></P>
  <P ALIGN=CENTER><FONT
  FACE="Arial, Helvetica, sans-serif">Washington, D.C. 20549</FONT></P>
  <P ALIGN=CENTER><FONT
  FACE="Arial, Helvetica, sans-serif"><B><FONT
  SIZE="+2">FORM 11-K</FONT></B></FONT></P>
  <TABLE WIDTH="100%">
   <TR>
    <TD WIDTH="13%"> <P><FONT
    FACE="Arial, Helvetica, sans-serif">(Mark One)</FONT></P>
    </TD>
    <TD WIDTH="87%">&nbsp;</TD>
   </TR>
   <TR>
    <TD WIDTH="13%"> <P><FONT
    FACE="Arial, Helvetica, sans-serif">[ X ]</FONT></P>
    </TD>
    <TD WIDTH="87%"> <P><FONT
    FACE="Arial, Helvetica, sans-serif"><B>ANNUAL REPORT PURSUANT TO SECTION
      15(d)</B></FONT></P>
    </TD>
   </TR>
   <TR>
    <TD WIDTH="13%">&nbsp;</TD>
    <TD WIDTH="87%"> <P><FONT
    FACE="Arial, Helvetica, sans-serif"><B>OF THE SECURITIES EXCHANGE ACT OF
      1934 [Fee Required]</B></FONT></P>
    </TD>
   </TR>
   <TR>
    <TD WIDTH="13%">&nbsp;</TD>
    <TD WIDTH="87%"> <P><FONT
    FACE="Arial, Helvetica, sans-serif">For the Fiscal Year Ended December 31,
      1998</FONT></P>
    </TD>
   </TR>
  </TABLE>
  <P ALIGN=CENTER><FONT
  FACE="Arial, Helvetica, sans-serif">OR</FONT></P>
  <TABLE WIDTH="100%">
   <TR>
    <TD WIDTH="13%"> <P><FONT
    FACE="Arial, Helvetica, sans-serif">[&nbsp;&nbsp;&nbsp;&nbsp; ]</FONT></P>
    </TD>
    <TD WIDTH="87%"> <P><FONT
    FACE="Arial, Helvetica, sans-serif"><B>TRANSITION REPORT PURSUANT TO
      SECTION 15(d)</B></FONT></P>
    </TD>
   </TR>
   <TR>
    <TD WIDTH="13%">&nbsp;</TD>
    <TD WIDTH="87%"> <P><FONT
    FACE="Arial, Helvetica, sans-serif"><B>OF THE SECURITIES EXCHANGE ACT OF
      1934 [No Fee Required]</B></FONT></P>
    </TD>
   </TR>
   <TR>
    <TD WIDTH="13%">&nbsp;</TD>
    <TD WIDTH="87%"> <P><FONT
    FACE="Arial, Helvetica, sans-serif">For the transition period from _____ to
      _____</FONT></P>
    </TD>
   </TR>
  </TABLE>
  <UL></UL>
  <P ALIGN=CENTER><FONT
  FACE="Arial, Helvetica, sans-serif">Commission File Number 1-768</FONT></P>
  <P ALIGN=CENTER>&nbsp;</P>
  <P ALIGN=CENTER><FONT
  FACE="Arial, Helvetica, sans-serif"><B><FONT
  SIZE="+2">TAX DEFERRED SAVINGS PLAN</FONT></B></FONT>
  <BR>
  <FONT
  FACE="Arial, Helvetica, sans-serif"><B>(Full title of the Plan)</B></FONT></P>
  <P ALIGN=CENTER>&nbsp;</P>
  <P ALIGN=CENTER><FONT
  FACE="Arial, Helvetica, sans-serif"><B><FONT
  SIZE="+1">CATERPILLAR INC.</FONT></B></FONT><FONT
  FACE="Arial, Helvetica, sans-serif"><B>
  <BR>
  (Name of issuer of the securities held</B></FONT><FONT
  FACE="Arial, Helvetica, sans-serif"><B>
  <BR>
  pursuant to the Plan)</B></FONT></P>
  <P ALIGN=CENTER>&nbsp;</P>
  <P ALIGN=CENTER><FONT
  FACE="Arial, Helvetica, sans-serif"><B>100 NE ADAMS STREET, PEORIA, ILLINOIS
    61629</B></FONT><FONT
  FACE="Arial, Helvetica, sans-serif"><B>
  <BR>
  (Address of principal executive offices)</B></FONT></P>
  <P ALIGN=CENTER><FONT
  FACE="Arial, Helvetica, sans-serif"><B>REQUIRED INFORMATION</B></FONT></P>
  <P><FONT
  FACE="Arial, Helvetica, sans-serif"><B>Item 1</B>.</FONT></P>
  <P><FONT
  FACE="Arial, Helvetica, sans-serif">The audited statement of net assets
    available for plan benefits as of the end of the latest two fiscal years of
    the Plan is attached hereto as Exhibit A.</FONT></P>
  <P><FONT
  FACE="Arial, Helvetica, sans-serif"><B>Item 2</B>.</FONT></P>
  <P><FONT
  FACE="Arial, Helvetica, sans-serif">The audited statement of changes in net
    assets available for plan benefits for each of the latest two fiscal years
    of the Plan is attached hereto as Exhibit B.</FONT></P>
  <P><FONT
  FACE="Arial, Helvetica, sans-serif"><B>Item 3</B>.</FONT></P>
  <P><FONT
  FACE="Arial, Helvetica, sans-serif">The statements required by Items 1 and 2
    have been prepared in accordance with the applicable financial reporting
    requirements of ERISA.</FONT></P>
  <P><FONT
  FACE="Arial, Helvetica, sans-serif"><B>Item 4</B>.</FONT></P>
  <P><FONT
  FACE="Arial, Helvetica, sans-serif">The Consent of Independent Accountants is
    attached hereto as Exhibit C.</FONT></P>
  <P>&nbsp;</P>
  <P ALIGN="CENTER"><B><FONT
  FACE="Arial">Report of Independent Accountants</FONT></B></P>
  <P><FONT
  FACE="Arial">To the Participants and Plan Administrator of the
  <BR>
  Caterpillar Inc. Tax Deferred Savings Plan</FONT></P>
  <P><FONT
  FACE="Arial">In our opinion, the accompanying statements of net assets
    available for benefits and the related statements of changes in net assets
    available for benefits present fairly, in all material respects, the net
    assets available for benefits of the Caterpillar Inc. Tax Deferred Savings
    Plan (the Plan) at December&#160;31, 1999 and 1998, and the changes in net
    assets available for benefits for the years then ended, in conformity with
    accounting principles generally accepted in the United States. These
    financial statements are the responsibility of the Plan's management; our
    responsibility is to express an opinion on these financial statements based
    on our audits. We conducted our audits of these statements in accordance
    with auditing standards generally accepted in the United States, which
    require that we plan and perform the audit to obtain reasonable assurance
    about whether the financial statements are free of material misstatement.
    An audit includes examining, on a test basis, evidence supporting the
    amounts and disclosures in the financial statements, assessing the
    accounting principles used and significant estimates made by management,
    and evaluating the overall financial statement presentation. We believe
    that our audits provide a reasonable basis for the opinion expressed above.
    </FONT></P>
  <P><FONT
  FACE="Arial">Our audits were conducted for the purpose of forming an opinion
    on the basic financial statements taken as a whole. The supplemental
    schedule of assets held for investment purposes is presented for the
    purpose of additional analysis and is not a required part of the basic
    financial statements but is supplementary information required by the
    Department of Labor's Rules and Regulations for Reporting and Disclosure
    under the Employee Retirement Income Security Act of 1974. The supplemental
    schedule is the responsibility of the Plan's management. The supplemental
    schedule has been subjected to the auditing procedures applied in the
    audits of the basic financial statements and, in our opinion, is fairly
    stated in all material respects in relation to the basic financial
    statements taken as a whole. </FONT></P>
  <P><FONT
  FACE="Arial">/s/ PricewaterhouseCoopers LLP</FONT></P>
  <P><FONT
  FACE="Arial">Peoria, Illinois
  <BR>
  May 26, 2000</FONT></P>
  <P ALIGN="CENTER"> <DIV ALIGN="center"><B><FONT
  FACE="Arial"><FONT
  SIZE="2"><U>CATERPILLAR INC.
  <BR>
  TAX DEFERRED SAVINGS PLAN</U>
  <BR>

  <BR>
  <U>STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS</U>
  <BR>
  <U>DECEMBER 31, 1999 AND 1998</U>
  <BR>
  (Dollars in 000's)</FONT></FONT></B>
  <BR>

  <BR>
  </DIV>

  <TABLE WIDTH="80%" BORDER="0">
   <TR VALIGN="bottom">
    <TD WIDTH="78%" ALIGN="center">&nbsp;</TD>
    <TD WIDTH="10%" ALIGN="center"> <DIV ALIGN="center"></DIV>
    <P ALIGN="center"><FONT
    SIZE="1"><FONT
    FACE="Arial">1999</FONT></FONT></P>
    </TD>
    <TD WIDTH="2%" ALIGN="center"> <DIV ALIGN="center"><FONT
    SIZE="1"></FONT></DIV>
    </TD>
    <TD WIDTH="10%" ALIGN="center"> <DIV ALIGN="center"><FONT
    SIZE="1"><FONT
    FACE="Arial">1998</FONT></FONT></DIV>
    </TD>
   </TR>
   <TR VALIGN="top">
    <TD WIDTH="78%" ALIGN="center">&nbsp;</TD>
    <TD WIDTH="10%" ALIGN="center"> <HR NOSHADE WIDTH="100%" SIZE="1"
      ALIGN="center"> </TD>
    <TD WIDTH="2%" ALIGN="center">&nbsp;</TD>
    <TD WIDTH="10%" ALIGN="center"> <HR NOSHADE WIDTH="100%" SIZE="1"
      ALIGN="center"> </TD>
   </TR>
   <TR>
    <TD WIDTH="78%" HEIGHT="20">&nbsp;</TD>
    <TD WIDTH="10%" HEIGHT="20">&nbsp;</TD>
    <TD WIDTH="2%" HEIGHT="20">&nbsp;</TD>
    <TD WIDTH="10%" HEIGHT="20">&nbsp;</TD>
   </TR>
   <TR VALIGN="bottom">
    <TD WIDTH="78%" HEIGHT="20"><FONT
    FACE="Arial" SIZE="2">Investments</FONT></TD>
    <TD WIDTH="10%" HEIGHT="20"> <DIV ALIGN="right"><FONT
    FACE="Arial" SIZE="2">$268,441</FONT></DIV>
    </TD>
    <TD WIDTH="2%" HEIGHT="20"> <DIV ALIGN="right"><FONT
    SIZE="2"></FONT></DIV>
    </TD>
    <TD WIDTH="10%" HEIGHT="20"> <DIV ALIGN="right"><FONT
    FACE="Arial" SIZE="2">$228,451</FONT></DIV>
    </TD>
   </TR>
   <TR VALIGN="top">
    <TD WIDTH="78%">&nbsp;</TD>
    <TD WIDTH="10%"> <HR NOSHADE WIDTH="100%" SIZE="1" ALIGN="center"> </TD>
    <TD WIDTH="2%">&nbsp;</TD>
    <TD WIDTH="10%"> <HR NOSHADE WIDTH="100%" SIZE="1" ALIGN="center"> </TD>
   </TR>
   <TR>
    <TD WIDTH="78%"><FONT
    SIZE="2"></FONT></TD>
    <TD WIDTH="10%"> <FONT
    SIZE="2"></FONT></TD>
    <TD WIDTH="2%"><FONT
    SIZE="2"></FONT></TD>
    <TD WIDTH="10%"> <FONT
    SIZE="2"></FONT></TD>
   </TR>
   <TR VALIGN="bottom">
    <TD WIDTH="78%"><FONT
    FACE="Arial" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net assets
      available for plan benefits</FONT></TD>
    <TD WIDTH="10%"> <DIV ALIGN="right"><FONT
    FACE="Arial" SIZE="2">$268,441</FONT></DIV>
    </TD>
    <TD WIDTH="2%"> <DIV ALIGN="right"><FONT
    SIZE="2"></FONT></DIV>
    </TD>
    <TD WIDTH="10%"> <DIV ALIGN="right"><FONT
    FACE="Arial" SIZE="2">$228,451</FONT></DIV>
    </TD>
   </TR>
   <TR VALIGN="top">
    <TD WIDTH="78%">&nbsp;</TD>
    <TD WIDTH="10%"> <HR NOSHADE> </TD>
    <TD WIDTH="2%">&nbsp;</TD>
    <TD WIDTH="10%"> <HR NOSHADE> </TD>
   </TR>
  </TABLE>
  <P>&nbsp;</P>
  <P>&nbsp;</P>
  <P ALIGN="center"><FONT
  SIZE="2" FACE="Arial, Helvetica, sans-serif">(The accompanying notes are an
    integral part of the financial statements.)</FONT></P>
  <P ALIGN="CENTER"><U><FONT
  FACE="Arial" SIZE="2">CATERPILLAR INC.</FONT></U></P>
  <P ALIGN="CENTER"><FONT
  SIZE="2"><U><FONT
  FACE="Arial">TAX DEFERRED SAVINGS PLAN</FONT></U></FONT></P>
  <P ALIGN="CENTER"><FONT
  SIZE="2"><U><FONT
  FACE="Arial">STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR
    BENEFITS</FONT></U></FONT></P>
  <P ALIGN="CENTER"><FONT
  SIZE="2"><U><FONT
  FACE="Arial">FOR THE YEAR ENDED DECEMBER 31, 1999 AND
    1998</FONT></U></FONT></P>
  <P ALIGN="CENTER"><FONT
  FACE="Arial" SIZE="2">(Dollars in 000's)</FONT></P>
  <UL>
  <TABLE WIDTH="75%" BORDER="0">
   <TR>
    <TD> <DIV ALIGN="center"></DIV>
    </TD>
    <TD VALIGN="bottom"> <P ALIGN="center"><FONT
    FACE="Arial" SIZE="1">1999 </FONT> <HR NOSHADE WIDTH="80%" SIZE="1"
      ALIGN="center"> </TD>
    <TD VALIGN="bottom"> <DIV ALIGN="center"><FONT
    SIZE="1"><FONT
    FACE="Arial">1998</FONT></FONT> </DIV>
    <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="center"> </TD>
   </TR>
   <TR>
    <TD> <P><FONT
    FACE="Arial">Participant contributions</FONT></P>
    </TD>
    <TD> <DIV ALIGN="right"><FONT
    FACE="Arial"> $ 18,404</FONT></DIV>
    </TD>
    <TD> <DIV ALIGN="right"><FONT
    FACE="Arial"> $ 20,268</FONT></DIV>
    </TD>
   </TR>
   <TR>
    <TD>&nbsp;</TD>
    <TD> <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="right"> </TD>
    <TD> <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="right"> </TD>
   </TR>
   <TR>
    <TD> <P><FONT
    FACE="Arial">Investment income:</FONT></P>
    </TD>
    <TD> <DIV ALIGN="right"></DIV>
    </TD>
    <TD> <DIV ALIGN="right"></DIV>
    </TD>
   </TR>
   <TR>
    <TD> <P><FONT
    FACE="Arial">&nbsp;&nbsp;&nbsp;&nbsp;Net appreciation in fair value of
      registered investment companies </FONT></P>
    </TD>
    <TD> <DIV ALIGN="right"><FONT
    FACE="Arial">764</FONT></DIV>
    </TD>
    <TD> <DIV ALIGN="right"><FONT
    FACE="Arial"> 140</FONT></DIV>
    </TD>
   </TR>
   <TR>
    <TD HEIGHT="19"> <P><FONT
    FACE="Arial">&nbsp;&nbsp;&nbsp;&nbsp;Plan interest in net investment income
      of Master Trust </FONT></P>
    </TD>
    <TD HEIGHT="19"> <DIV ALIGN="right"><FONT
    FACE="Arial">39,451</FONT></DIV>
    </TD>
    <TD HEIGHT="19"> <DIV ALIGN="right"><FONT
    FACE="Arial">26,891</FONT></DIV>
    </TD>
   </TR>
   <TR>
    <TD>&nbsp;</TD>
    <TD> <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="right"> </TD>
    <TD> <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="right"> </TD>
   </TR>
   <TR>
    <TD> <P><FONT
    FACE="Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net investment income
      </FONT></P>
    </TD>
    <TD> <DIV ALIGN="right"><FONT
    FACE="Arial">40,215</FONT></DIV>
    </TD>
    <TD> <DIV ALIGN="right"><FONT
    FACE="Arial"> 27,031</FONT></DIV>
    </TD>
   </TR>
   <TR>
    <TD>&nbsp;</TD>
    <TD> <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="right"> </TD>
    <TD> <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="right"> </TD>
   </TR>
   <TR>
    <TD> <P><FONT
    FACE="Arial">Withdrawals </FONT></P>
    </TD>
    <TD> <DIV ALIGN="right"><FONT
    FACE="Arial">(18,113) </FONT></DIV>
    </TD>
    <TD> <DIV ALIGN="right"><FONT
    FACE="Arial">(12,866)</FONT> </DIV>
    </TD>
   </TR>
   <TR>
    <TD> <P><FONT
    FACE="Arial">Transfers (to)/from other plans, net</FONT></P>
    </TD>
    <TD> <DIV ALIGN="right"><FONT
    FACE="Arial"> (516)</FONT></DIV>
    </TD>
    <TD> <DIV ALIGN="right"><FONT
    FACE="Arial"> (1,575)</FONT></DIV>
    </TD>
   </TR>
   <TR>
    <TD HEIGHT="20">&nbsp;</TD>
    <TD HEIGHT="20"> <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="right"> </TD>
    <TD HEIGHT="20"> <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="right"> </TD>
   </TR>
   <TR>
    <TD> <P><FONT
    FACE="Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Withdrawals and transfers,
      net</FONT></P>
    </TD>
    <TD> <DIV ALIGN="right"><FONT
    FACE="Arial"> (18,629)</FONT></DIV>
    </TD>
    <TD> <DIV ALIGN="right"><FONT
    FACE="Arial"> (14,441)</FONT></DIV>
    </TD>
   </TR>
   <TR>
    <TD>&nbsp;</TD>
    <TD> <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="right"> </TD>
    <TD> <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="right"> </TD>
   </TR>
   <TR>
    <TD> <P><FONT
    FACE="Arial">Increase in net assets available for benefits</FONT></P>
    </TD>
    <TD> <DIV ALIGN="right"><FONT
    FACE="Arial">39,990 </FONT></DIV>
    </TD>
    <TD> <DIV ALIGN="right"><FONT
    FACE="Arial">32,858</FONT></DIV>
    </TD>
   </TR>
   <TR>
    <TD>&nbsp;</TD>
    <TD> <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="right"> </TD>
    <TD> <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="right"> </TD>
   </TR>
   <TR>
    <TD> <P><FONT
    FACE="Arial">Net assets available for benefits:</FONT></P>
    </TD>
    <TD>&nbsp; </TD>
    <TD>&nbsp; </TD>
   </TR>
   <TR>
    <TD> <P><FONT
    FACE="Arial">&nbsp;&nbsp;&nbsp;&nbsp;Beginning of year </FONT></P>
    </TD>
    <TD> <DIV ALIGN="right"><FONT
    FACE="Arial">228,451 </FONT></DIV>
    </TD>
    <TD> <DIV ALIGN="right"><FONT
    FACE="Arial">195,593</FONT></DIV>
    </TD>
   </TR>
   <TR>
    <TD>&nbsp;</TD>
    <TD> <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="right"> </TD>
    <TD> <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="right"> </TD>
   </TR>
   <TR>
    <TD> <P><FONT
    FACE="Arial">&nbsp;&nbsp;&nbsp;&nbsp;End of year </FONT></P>
    </TD>
    <TD> <DIV ALIGN="right"><FONT
    FACE="Arial">$ 268,441</FONT></DIV>
    </TD>
    <TD> <DIV ALIGN="right"><FONT
    FACE="Arial"> $ 228,451</FONT></DIV>
    </TD>
   </TR>
   <TR>
    <TD>&nbsp;</TD>
    <TD> <HR NOSHADE WIDTH="80%" SIZE="2" ALIGN="right"> </TD>
    <TD> <HR NOSHADE WIDTH="80%" SIZE="2" ALIGN="right"> </TD>
   </TR>
  </TABLE>
  <UL> </UL>
  </UL>
  <P>&nbsp;</P>
  <P ALIGN="center"><FONT
  FACE="Arial" SIZE="-1">(The accompanying notes are an integral part of the
    financial statements.)</FONT></P>
  <P ALIGN="CENTER"><U><FONT
  FACE="Arial"><FONT
  SIZE="2">CATERPILLAR INC.</FONT></FONT></U></P>
  <P ALIGN="CENTER"><FONT
  SIZE="2"><U><FONT
  FACE="Arial">TAX DEFERRED SAVINGS PLAN</FONT></U></FONT></P>
  <P ALIGN="CENTER"><FONT
  SIZE="2"><U><FONT
  FACE="Arial">NOTES TO FINANCIAL STATEMENTS</FONT></U></FONT></P>
  <P><FONT
  FACE="Arial" SIZE="2"><U>NOTE 1 - PLAN DESCRIPTION:</U></FONT> <P><FONT
  FACE="Arial">The following description of the Caterpillar Inc. Tax Deferred
    Savings Plan (the Plan) provides only general information. Employees should
    refer to the Plan agreement for a more complete description of the Plan's
    provisions. </FONT></P>
  <P><B><FONT
  FACE="Arial">General</FONT></B></P>
  <P><FONT
  FACE="Arial">The Plan is a contributory defined contribution plan established
    by Caterpillar Inc. (the Company) to enable eligible employees of the
    Company and its subsidiaries (the employers) which adopt the Plan to
    accumulate funds. </FONT></P>
  <P><B><FONT
  FACE="Arial">Participation</FONT></B></P>
  <P><FONT
  FACE="Arial">Employees under collective bargaining agreements to which the
    Plan is extended who meet certain age, service and citizenship or residency
    requirements are eligible to participate in the Plan. Participation
    commences upon an eligible employee's filing of an application with the
    Company. Participating eligible employees (the participants) elect to defer
    a portion of their compensation until retirement. </FONT></P>
  <P><B><FONT
  FACE="Arial">Participant accounts</FONT></B></P>
  <P><FONT
  FACE="Arial">Accounts are maintained separately for each participant. The
    participant's account is credited with the participant's contribution as
    defined below and an allocation of Plan earnings. Allocations of earnings
    are based on participant account balances, as defined. The benefit to which
    a participant is entitled is the benefit that can be provided from the
    participant's vested account. </FONT></P>
  <P><B><FONT
  FACE="Arial">Loan provisions</FONT></B></P>
  <P><FONT
  FACE="Arial">The Plan provides for participant loans against eligible
    participants' account balances. Eligible employees obtain participant loans
    by filing a loan application with the Company and receiving approval
    thereof. Loan amounts are generally limited to the lesser of $50,000 or 50%
    of the individual participant's account balance, within certain regulatory
    restrictions. Loan repayment terms may range from 6 to 117 months depending
    on the type of loan and bear interest at the prime interest rate plus 1%
    rounded to the nearest whole percent, as determined at the time of loan
    origination. Repayments, including interest, are made through after-tax
    payroll deductions and are credited to the individual participant's account
    balance. </FONT></P>
  <P><B><FONT
  FACE="Arial">Contributions</FONT></B></P>
  <P><FONT
  FACE="Arial">Participant contributions are made through a pretax compensation
    deferral as elected by the participants and are contributed to the Plan by
    the employer. For 1999 and 1998, the compensation deferral was limited to
    (a) the greater of $6,000 or 4% of the participant's compensation (limited
    by the Internal Revenue Code to $10,000 in 1999) for participants earning
    in excess of $80,000 or (b) $10,000 for participants earning less than
    $80,000. </FONT></P>
  <P><FONT
  FACE="Arial"> </FONT></P>
  <P><B><FONT
  FACE="Arial">Investment programs</FONT></B></P>
  <P><FONT
  FACE="Arial">Participants may elect to have their contributions invested in
    any combination of the following ten investment fund options at December
    31, 1999: </FONT></P>
  <UL> <LI><FONT
  FACE="Arial">Caterpillar Stock Fund</FONT></LI>
  <P></P>
  <LI><FONT
  FACE="Arial">Preferred Stable Principal Fund</FONT></LI>
  <P></P>
  <LI><FONT
  FACE="Arial">Preferred Short-Term Government Fund</FONT></LI>
  <P></P>
  <LI><FONT
  FACE="Arial">Preferred Money Market Fund</FONT></LI>
  <P></P>
  <LI><FONT
  FACE="Arial">Preferred Value Fund</FONT></LI>
  <P></P>
  <LI><FONT
  FACE="Arial">Preferred International Fund</FONT></LI>
  <P></P>
  <LI><FONT
  FACE="Arial">Preferred Growth Fund</FONT></LI>
  <P></P>
  <LI><FONT
  FACE="Arial">Preferred Asset Allocation Fund </FONT></LI>
  <P></P>
  <LI><FONT
  FACE="Arial">Preferred Fixed Income Fund</FONT></LI>
  <P></P>
  <LI><FONT
  FACE="Arial"> Preferred Small Cap Fund</FONT></LI>
  <P></P>
  </UL>
  <P><FONT
  FACE="Arial">A self-directed fund option allows participants to invest in
    various other mutual funds outside of the standard Plan options. State
    Street Bank serves as custodian for funds invested through this
    self-directed fund option. </FONT></P>
  <P><B><FONT
  FACE="Arial">Vesting and distribution provisions</FONT></B></P>
  <P><FONT
  FACE="Arial">Participants are fully vested in their participant contributions
    and earnings thereon. Upon termination of employment for any reason,
    including death, retirement or total and permanent disability, or upon Plan
    termination, the balance in participants' accounts are distributable.
    </FONT></P>
  <P><B><FONT
  FACE="Arial">Administration</FONT></B></P>
  <P><FONT
  FACE="Arial">The Plan is administered by the Vice President - Human Services
    Division of Caterpillar Inc. who is responsible for non-financial matters,
    and the Benefits Funds Committee of Caterpillar Inc which is responsible
    for financial aspects of the Plan. Caterpillar Inc. and the Benefit Funds
    Committee have entered into a trust agreement with The Northern Trust
    Company to receive contributions, administer the assets of the Plan and
    distribute withdrawals pursuant to the Plan. </FONT></P>
  <P><B><FONT
  FACE="Arial">Plan termination</FONT></B></P>
  <P><FONT
  FACE="Arial">Although it has not expressed any intent to do so, the Company
    has the right under the Plan at any time to terminate the Plan subject to
    provisions of ERISA. In the event of Plan termination, any unallocated
    assets of the plan shall be allocated to participant accounts and
    distributed in such a manner as the company may determine.</FONT></P>
  <P><B><FONT
  FACE="Arial">Federal income tax status</FONT></B></P>
  <P><FONT
  FACE="Arial">The Internal Revenue Service has determined and informed the
    Company by letter dated April 13, 1999, that the Plan and related trust are
    designed in accordance with applicable sections of the Internal Revenue
    Code (IRC). The Plan has been amended subsequent to the determination
    letter; however, the Plan administrator and the Plan's legal counsel
    believe that the Plan is designed and is currently being operated in
    compliance with the applicable requirements of the IRC. Therefore, they
    believe that the Plan is qualified and the related trust is tax-exempt as
    of the financial statement date.</FONT></P>
  <P><B><FONT
  FACE="Arial">Risk and uncertainties</FONT></B></P>
  <P><FONT
  FACE="Arial">The Plan provides for various investment options in any
    combination of stocks, bonds, fixed income securities, mutual funds and
    other investment securities. Investment securities are exposed to various
    risks, such as interest rate, market and credit risks. Due to the level of
    risk associated with certain investment securities, it is at least
    reasonably possible that changes in the values of investment securities
    could occur in the near term and that such changes could materially affect
    participants' account balances and the amounts reported in the statement of
    net assets available for benefits.</FONT></P>
  <P><FONT
  FACE="Arial" SIZE="2"><U><B>NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING
    POLICIES:</B></U></FONT> <P><B><FONT
  FACE="Arial">New accounting standards</FONT></B></P>
  <P><FONT
  FACE="Arial">In September 1999, the Accounting Standards Executive Committee
    of the American Institute of Certified Public Accountants issued Statement
    of Position (SOP) 99-3, <I>Accounting for and Reporting of Certain Defined
    Contribution Benefit Plan Investments and Other Disclosure Matters </I>(SOP
    99-3). This SOP simplifies the disclosure of certain investment information
    of defined contribution plans. SOP 99-3 is effective for financial
    statements for plan years ending after December 15, 1999, with earlier
    application encouraged. The Plan has elected to adopt the provisions of
    this SOP for its Plan year ended December 31, 1999. The primary impact on
    the 1999 financial statements is the elimination of previously provided
    information by investment fund option.</FONT></P>
  <P><B><FONT
  FACE="Arial">Basis of accounting</FONT></B></P>
  <P><FONT
  FACE="Arial">The Plan's accounts are maintained on the accrual basis of
    accounting. </FONT></P>
  <P><B><FONT
  FACE="Arial">Investments</FONT></B></P>
  <P><FONT
  FACE="Arial">The fair value of the Plan's investment in the 401(k) Master
    Trust (Note 4) is based upon the beginning of the year value of the Plan's
    investment plus actual contributions, transfers and allocated investment
    income less actual withdrawals. Shares of registered investment companies
    included in the self-directed fund option are valued at quoted market
    prices which represent the net asset value of shares held by the Plan at
    year end. Income from investments is recorded as earned. </FONT></P>
  <P><B><FONT
  FACE="Arial">Administrative expenses</FONT></B></P>
  <P><FONT
  FACE="Arial">Administrative costs, including trustee fees and certain
    investment costs, are paid by the Company. </FONT></P>
  <P><B><FONT
  FACE="Arial">Use of estimates in the preparation of financial
    statements</FONT></B></P>
  <P><FONT
  FACE="Arial">The preparation of financial statements in conformity with
    generally accepted accounting principles requires management to make
    estimates and assumptions that affect the reported amounts of assets,
    liabilities, income and benefit payments. Actual results could differ from
    those estimates. The Company believes the techniques and assumptions used
    in establishing these amounts are appropriate. </FONT></P>
  <P><FONT
  FACE="Arial" SIZE="2"><U>NOTE 3 - MASTER TRUST:</U></FONT> <P><FONT
  FACE="Arial">Under a Master Trust agreement with The Northern Trust Company
    (the Trustee), Part 2 of the Caterpillar Inc. Employees' Investment Plan
    (EIP), the Solar Turbines Incorporated Savings and Investment Plan and the
    Caterpillar Inc. Tax Deferred Savings Plan pool their investments in the
    Caterpillar Inc. 401(k) Master Trust (the Master Trust) in exchange for a
    percentage of participation in the Master Trust. </FONT></P>
  <P><FONT
  FACE="Arial">The Master Trust invests in the Preferred Group of Mutual Funds,
    registered investment companies which are sponsored by Caterpillar
    Investment Management Ltd. (CIML), a wholly-owned subsidiary of the
    Company. The options available to the participants through the Preferred
    Group of Mutual Funds are described in Note 1. </FONT></P>
  <P><FONT
  FACE="Arial">CIML manages the Preferred Small Cap Fund and the Preferred
    Short-Term Government Fund. All other funds are managed by unrelated
    investment managers. Caterpillar Securities, Inc., a wholly-owned
    subsidiary of CIML, distributes the shares of the mutual funds to the
    Master Trust. </FONT></P>
  <P><FONT
  FACE="Arial">The percentage of the Plan's participation in the Master Trust
    was determined based on the December&#160;31, 1999 and 1998 market values
    of net assets, as accumulated by the Trustee for the investment funds of
    each plan. At December 31, 1999 and 1998, the Plan's pro rata interest in
    the quoted market values of net assets of the Master Trust was 14.67% and
    14.99%, respectively. </FONT></P>
  <P><B><FONT
  FACE="Arial">Investment valuation</FONT></B></P>
  <P><FONT
  FACE="Arial">The Master Trust's investments are stated at fair value. Common
    stock and cash and cash equivalents are valued at quoted market prices.
    Shares of registered investment companies are valued at quoted market
    prices which represent the net asset value of shares held by the Master
    Trust at year end. Participant loans are valued at cost which approximates
    fair value. </FONT></P>
  <P><FONT
  FACE="Arial">The net investment income or loss of the Master Trust is
    reflected in the financial statements of the Plan based on the actual
    earnings of each investment fund as allocated to the Plan based on average
    investment balances throughout the year. Details of the net assets and
    significant components of the changes in net assets of the Master Trust are
    as follows: </FONT></P>

  <TABLE WIDTH="80%" BORDER="0">
   <TR>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"> <P ALIGN="center"><FONT
    FACE="Arial" SIZE="1">December 31,</FONT> <HR NOSHADE WIDTH="80%" SIZE="1">
      </TD>
   </TR>
   <TR>
    <TD>&nbsp;</TD>
    <TD VALIGN="bottom"> <P ALIGN="center"><FONT
    FACE="Arial" SIZE="1">1999 </FONT> <HR NOSHADE WIDTH="80%" SIZE="1"> </TD>
    <TD VALIGN="bottom"> <DIV ALIGN="center"><FONT
    FACE="Arial" SIZE="1">1998</FONT> </DIV>
    <HR NOSHADE WIDTH="80%" SIZE="1"> </TD>
   </TR>
   <TR>
    <TD> <P><FONT
    FACE="Arial">Investments, at fair value:</FONT></P>
    </TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
   </TR>
   <TR>
    <TD> <P><FONT
    FACE="Arial">&nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents </FONT></P>
    </TD>
    <TD> <DIV ALIGN="right"><FONT
    FACE="Arial">$ 16,061</FONT></DIV>
    </TD>
    <TD> <DIV ALIGN="right"><FONT
    FACE="Arial"> $ 12,191</FONT></DIV>
    </TD>
   </TR>
   <TR>
    <TD> <P><FONT
    FACE="Arial">&nbsp;&nbsp;&nbsp;&nbsp;Common stock </FONT></P>
    </TD>
    <TD> <DIV ALIGN="right"><FONT
    FACE="Arial">330,694</FONT></DIV>
    </TD>
    <TD> <DIV ALIGN="right"><FONT
    FACE="Arial"> 343,517</FONT></DIV>
    </TD>
   </TR>
   <TR>
    <TD> <P><FONT
    FACE="Arial">&nbsp;&nbsp;&nbsp;&nbsp;Registered investment companies
      </FONT></P>
    </TD>
    <TD> <DIV ALIGN="right"><FONT
    FACE="Arial">1,394,423 </FONT></DIV>
    </TD>
    <TD> <DIV ALIGN="right"><FONT
    FACE="Arial">1,115,716</FONT></DIV>
    </TD>
   </TR>
   <TR>
    <TD> <P><FONT
    FACE="Arial">&nbsp;&nbsp;&nbsp;&nbsp;Participant loans</FONT></P>
    </TD>
    <TD> <DIV ALIGN="right"><FONT
    FACE="Arial"> 27,405 </FONT></DIV>
    </TD>
    <TD> <DIV ALIGN="right"><FONT
    FACE="Arial">24,686</FONT></DIV>
    </TD>
   </TR>
   <TR>
    <TD>&nbsp; </TD>
    <TD> <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="right"> </TD>
    <TD> <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="right"> </TD>
   </TR>
   <TR>
    <TD> <P><FONT
    FACE="Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total
      investments </FONT></P>
    </TD>
    <TD> <DIV ALIGN="right"><FONT
    FACE="Arial">1,768,583 </FONT></DIV>
    </TD>
    <TD> <DIV ALIGN="right"><FONT
    FACE="Arial">1,496,110</FONT></DIV>
    </TD>
   </TR>
   <TR>
    <TD>&nbsp;</TD>
    <TD> <DIV ALIGN="right"></DIV>
    </TD>
    <TD> <DIV ALIGN="right"></DIV>
    </TD>
   </TR>
   <TR>
    <TD> <P><FONT
    FACE="Arial">Dividend and interest receivable </FONT></P>
    </TD>
    <TD> <DIV ALIGN="right"><FONT
    FACE="Arial">105</FONT></DIV>
    </TD>
    <TD> <DIV ALIGN="right"><FONT
    FACE="Arial"> 93</FONT></DIV>
    </TD>
   </TR>
   <TR>
    <TD> <P><FONT
    FACE="Arial">Transfers receivable from EIP Part 1 </FONT></P>
    </TD>
    <TD> <DIV ALIGN="right"><FONT
    FACE="Arial">2,802 </FONT></DIV>
    </TD>
    <TD> <DIV ALIGN="right"><FONT
    FACE="Arial">2,525</FONT></DIV>
    </TD>
   </TR>
   <TR>
    <TD> <P><FONT
    FACE="Arial">Contributions receivable</FONT></P>
    </TD>
    <TD> <DIV ALIGN="right"><FONT
    FACE="Arial"> 6,976 </FONT></DIV>
    </TD>
    <TD> <DIV ALIGN="right"><FONT
    FACE="Arial">6,648</FONT></DIV>
    </TD>
   </TR>
   <TR>
    <TD> <P><FONT
    FACE="Arial">Receivable due from broker </FONT></P>
    </TD>
    <TD> <DIV ALIGN="right"><FONT
    FACE="Arial">7,700</FONT> </DIV>
    </TD>
    <TD> <DIV ALIGN="right"></DIV>
    </TD>
   </TR>
   <TR>
    <TD> <P><FONT
    FACE="Arial">Other receivable/(payable), net</FONT></P>
    </TD>
    <TD> <DIV ALIGN="right"><FONT
    FACE="Arial"> 200 </FONT></DIV>
    </TD>
    <TD> <DIV ALIGN="right"><FONT
    FACE="Arial">259</FONT></DIV>
    </TD>
   </TR>
   <TR>
    <TD>&nbsp;</TD>
    <TD> <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="right"> </TD>
    <TD> <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="right"> </TD>
   </TR>
   <TR>
    <TD> <P><FONT
    FACE="Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Master Trust
      net assets </FONT></P>
    </TD>
    <TD NOWRAP> <DIV ALIGN="right"><FONT
    FACE="Arial">$ 1,786,366</FONT></DIV>
    </TD>
    <TD NOWRAP> <DIV ALIGN="right"><FONT
    FACE="Arial"> $ 1,505,635</FONT></DIV>
    </TD>
   </TR>
   <TR>
    <TD>&nbsp;</TD>
    <TD> <HR NOSHADE WIDTH="80%" SIZE="2" ALIGN="right"> </TD>
    <TD> <HR NOSHADE WIDTH="80%" SIZE="2" ALIGN="right"> </TD>
   </TR>
   <TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
   </TR>
   <TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
   </TR>
   <TR>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"> <P ALIGN="center"><FONT
    FACE="Arial" SIZE="1">For the year ended
    <BR>
    December 31,</FONT> <HR NOSHADE WIDTH="80%" SIZE="1"> </TD>
   </TR>
   <TR>
    <TD>&nbsp;</TD>
    <TD VALIGN="bottom"> <P ALIGN="center"><FONT
    FACE="Arial" SIZE="1">1999 </FONT> <HR NOSHADE WIDTH="80%" SIZE="1"
      ALIGN="center"> </TD>
    <TD VALIGN="bottom"> <DIV ALIGN="center"><FONT
    FACE="Arial" SIZE="1">1998</FONT> </DIV>
    <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="center"> </TD>
   </TR>
   <TR>
    <TD><FONT
    FACE="Arial">Investment income:</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
   </TR>
   <TR>
    <TD><FONT
    FACE="Arial">&nbsp;&nbsp;&nbsp;&nbsp;Interest </FONT></TD>
    <TD> <DIV ALIGN="right"><FONT
    FACE="Arial">$ 2,917 </FONT></DIV>
    </TD>
    <TD> <DIV ALIGN="right"><FONT
    FACE="Arial">$ 2,946</FONT></DIV>
    </TD>
   </TR>
   <TR>
    <TD><FONT
    FACE="Arial">&nbsp;&nbsp;&nbsp;&nbsp;Dividends </FONT></TD>
    <TD> <DIV ALIGN="right"><FONT
    FACE="Arial">7,597 </FONT></DIV>
    </TD>
    <TD> <DIV ALIGN="right"><FONT
    FACE="Arial">7,756</FONT></DIV>
    </TD>
   </TR>
   <TR>
    <TD><FONT
    FACE="Arial">&nbsp;&nbsp;&nbsp;&nbsp;Net appreciation (depreciation) in
      fair value of:</FONT></TD>
    <TD> <DIV ALIGN="right"></DIV>
    </TD>
    <TD> <DIV ALIGN="right"></DIV>
    </TD>
   </TR>
   <TR>
    <TD><FONT
    FACE="Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common stock </FONT></TD>
    <TD> <DIV ALIGN="right"><FONT
    FACE="Arial">22,897</FONT></DIV>
    </TD>
    <TD> <DIV ALIGN="right"><FONT
    FACE="Arial">(15,546)</FONT></DIV>
    </TD>
   </TR>
   <TR>
    <TD><FONT
    FACE="Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Registered investment
      companies</FONT></TD>
    <TD> <DIV ALIGN="right"><FONT
    FACE="Arial">228,248 </FONT></DIV>
    </TD>
    <TD> <DIV ALIGN="right"><FONT
    FACE="Arial">165,523</FONT></DIV>
    </TD>
   </TR>
   <TR>
    <TD>&nbsp;</TD>
    <TD> <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="right"> </TD>
    <TD> <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="right"> </TD>
   </TR>
   <TR>
    <TD><FONT
    FACE="Arial">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net investment
      income </FONT></TD>
    <TD> <DIV ALIGN="right"><FONT
    FACE="Arial">261,659 </FONT></DIV>
    </TD>
    <TD> <DIV ALIGN="right"><FONT
    FACE="Arial">160,679</FONT></DIV>
    </TD>
   </TR>
   <TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
   </TR>
   <TR>
    <TD><FONT
    FACE="Arial">&nbsp;&nbsp;&nbsp;&nbsp;Contributions to all plans</FONT></TD>
    <TD> <DIV ALIGN="right"><FONT
    FACE="Arial">80,394</FONT></DIV>
    </TD>
    <TD> <DIV ALIGN="right"><FONT
    FACE="Arial">94,843</FONT></DIV>
    </TD>
   </TR>
   <TR>
    <TD><FONT
    FACE="Arial">&nbsp;&nbsp;&nbsp;&nbsp;Withdrawals from all plans </FONT></TD>
    <TD> <DIV ALIGN="right"><FONT
    FACE="Arial">(128,500)</FONT></DIV>
    </TD>
    <TD> <DIV ALIGN="right"><FONT
    FACE="Arial">(76,445)</FONT></DIV>
    </TD>
   </TR>
   <TR>
    <TD><FONT
    FACE="Arial">&nbsp;&nbsp;&nbsp;&nbsp;Transfers from EIP Part 1 </FONT></TD>
    <TD> <DIV ALIGN="right"><FONT
    FACE="Arial">84,107 </FONT></DIV>
    </TD>
    <TD> <DIV ALIGN="right"><FONT
    FACE="Arial">84,143</FONT></DIV>
    </TD>
   </TR>
   <TR>
    <TD HEIGHT="19"><FONT
    FACE="Arial">&nbsp;&nbsp;&nbsp;&nbsp;Interfund transfers (to) from
      self-directed brokerage account, net </FONT></TD>
    <TD HEIGHT="19"> <DIV ALIGN="right"><FONT
    FACE="Arial">(16,764) </FONT></DIV>
    </TD>
    <TD HEIGHT="19"> <DIV ALIGN="right"><FONT
    FACE="Arial">(1,437)</FONT></DIV>
    </TD>
   </TR>
   <TR>
    <TD>&nbsp;</TD>
    <TD> <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="right"> </TD>
    <TD> <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="right"> </TD>
   </TR>
   <TR>
    <TD><FONT
    FACE="Arial">Increase in Master Trust net assets</FONT></TD>
    <TD> <DIV ALIGN="right"><FONT
    FACE="Arial">280,896 </FONT></DIV>
    </TD>
    <TD> <DIV ALIGN="right"><FONT
    FACE="Arial">261,783</FONT></DIV>
    </TD>
   </TR>
   <TR>
    <TD><FONT
    FACE="Arial">Master Trust net assets:</FONT></TD>
    <TD> <DIV ALIGN="right"></DIV>
    </TD>
    <TD> <DIV ALIGN="right"></DIV>
    </TD>
   </TR>
   <TR>
    <TD><FONT
    FACE="Arial">&nbsp;&nbsp;&nbsp;&nbsp;Beginning of year </FONT></TD>
    <TD> <DIV ALIGN="right"><FONT
    FACE="Arial">1,505,635 </FONT></DIV>
    </TD>
    <TD> <DIV ALIGN="right"><FONT
    FACE="Arial">1,243,852</FONT></DIV>
    </TD>
   </TR>
   <TR>
    <TD>&nbsp;</TD>
    <TD> <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="right"> </TD>
    <TD> <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="right"> </TD>
   </TR>
   <TR>
    <TD><FONT
    FACE="Arial">&nbsp;&nbsp;&nbsp;&nbsp;End of year </FONT></TD>
    <TD NOWRAP> <DIV ALIGN="right"><FONT
    FACE="Arial">$ 1,786,531</FONT></DIV>
    </TD>
    <TD NOWRAP> <DIV ALIGN="right"><FONT
    FACE="Arial">$ 1,505,635</FONT></DIV>
    </TD>
   </TR>
   <TR>
    <TD>&nbsp;</TD>
    <TD> <HR NOSHADE WIDTH="80%" SIZE="2" ALIGN="right"> </TD>
    <TD> <HR NOSHADE WIDTH="80%" SIZE="2" ALIGN="right"> </TD>
   </TR>
   <TR>
    <TD>&nbsp;</TD>
    <TD> <DIV ALIGN="right"></DIV>
    </TD>
    <TD> <DIV ALIGN="right"></DIV>
    </TD>
   </TR>
  </TABLE>
  <DIV ALIGN="center">SUPPLEMENTAL SCHEDULES</DIV>
  <DIV ALIGN="right"><U><FONT
  SIZE="2">SCHEDULE I </FONT></U></DIV>
  <P ALIGN="CENTER"><U><FONT
  FACE="Arial" SIZE="2">CATERPILLAR INC.
  <BR>
  TAX DEFERRED SAVINGS PLAN</FONT></U></P>
  <P ALIGN="CENTER"><FONT
  SIZE="2"><U><FONT
  FACE="Arial">SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
  <BR>
  DECEMBER 31, 1999</FONT></U></FONT></P>
  <P>
  <TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="80%">
   <TR>
    <TD VALIGN="TOP" WIDTH="2%"> <DIV ALIGN="center"><FONT
    FACE="Arial, Helvetica, sans-serif" SIZE="1">(a)</FONT></DIV>
    </TD>
    <TD VALIGN="TOP" WIDTH="22%"> <DIV ALIGN="center"><FONT
    FACE="Arial, Helvetica, sans-serif" SIZE="1">(b)</FONT></DIV>
    </TD>
    <TD VALIGN="TOP" WIDTH="0%"> <DIV ALIGN="center"></DIV>
    </TD>
    <TD VALIGN="TOP" WIDTH="42%"> <DIV ALIGN="center"><FONT
    FACE="Arial, Helvetica, sans-serif" SIZE="1">(c)</FONT></DIV>
    </TD>
    <TD VALIGN="TOP" WIDTH="1%"> <DIV ALIGN="center"></DIV>
    </TD>
    <TD VALIGN="TOP" WIDTH="5%"> <DIV ALIGN="center"><FONT
    FACE="Arial, Helvetica, sans-serif" SIZE="1">(d)</FONT></DIV>
    </TD>
    <TD VALIGN="TOP" WIDTH="0%"> <DIV ALIGN="center"></DIV>
    </TD>
    <TD VALIGN="TOP" WIDTH="28%"> <DIV ALIGN="center"><FONT
    FACE="Arial, Helvetica, sans-serif" SIZE="1">(e)</FONT></DIV>
    </TD>
   </TR>
   <TR VALIGN="bottom">
    <TD WIDTH="2%"><FONT
    SIZE="1"></FONT></TD>
    <TD WIDTH="22%"> <DIV ALIGN="center"><FONT
    FACE="Arial, Helvetica, sans-serif" SIZE="1">Identity of Issue,
    <BR>
    borrower, lessor
    <BR>
    or similar party </FONT></DIV>
    <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="center"> </TD>
    <TD WIDTH="0%"> <DIV ALIGN="center"></DIV>
    </TD>
    <TD WIDTH="42%"> <DIV ALIGN="center"><FONT
    FACE="Arial, Helvetica, sans-serif" SIZE="1">Description of Investment,
      including
    <BR>
    maturity date, rate of interest
    <BR>
    collateral, par or maturity value </FONT></DIV>
    <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="center"> </TD>
    <TD WIDTH="1%"> <DIV ALIGN="center"></DIV>
    </TD>
    <TD WIDTH="5%"> <DIV ALIGN="center"><FONT
    FACE="Arial, Helvetica, sans-serif" SIZE="1">Cost </FONT></DIV>
    <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="center"> </TD>
    <TD WIDTH="0%"> <DIV ALIGN="center"></DIV>
    </TD>
    <TD WIDTH="28%"> <DIV ALIGN="center"><FONT
    FACE="Arial, Helvetica, sans-serif" SIZE="1">Current
    <BR>
    Value </FONT></DIV>
    <HR NOSHADE WIDTH="80%" SIZE="1" ALIGN="center"> </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="2%">&nbsp;</TD>
    <TD VALIGN="TOP" WIDTH="22%">&nbsp;</TD>
    <TD VALIGN="TOP" WIDTH="0%">&nbsp;</TD>
    <TD VALIGN="TOP" WIDTH="42%">&nbsp;</TD>
    <TD VALIGN="TOP" WIDTH="1%">&nbsp;</TD>
    <TD VALIGN="TOP" WIDTH="5%"> </TD>
    <TD VALIGN="TOP" WIDTH="0%">&nbsp;</TD>
    <TD VALIGN="TOP" WIDTH="28%">&nbsp;</TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="2%"> <P ALIGN="CENTER"><FONT
    FACE="Arial" SIZE="-1">*</FONT></P>
    </TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="22%"> <P><FONT
    FACE="Arial" SIZE="-1">Caterpillar Inc.</FONT> </TD>
    <TD VALIGN="TOP" WIDTH="0%">&#160; </TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="42%"> <P><FONT
    FACE="Arial" SIZE="-1">401(k) Master Trust</FONT> </TD>
    <TD VALIGN="TOP" WIDTH="1%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="5%"> <DIV ALIGN="center"><FONT
    FACE="Arial" SIZE="-1">* *</FONT></DIV>
    </TD>
    <TD VALIGN="TOP" WIDTH="0%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="28%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="-1">$266,278,000</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="2%">&#160; </TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="22%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="0%">&#160; </TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="42%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="1%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="5%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="0%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="28%"> <HR NOSHADE WIDTH="80%" SIZE="1"
      ALIGN="right"> </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="2%">&#160; </TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="22%"> <P><FONT
    FACE="Arial" SIZE="-1">Acorn</FONT> </TD>
    <TD VALIGN="TOP" WIDTH="0%">&#160; </TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="42%"> <P><FONT
    FACE="Arial" SIZE="-1">International; 95.87 units</FONT> </TD>
    <TD VALIGN="TOP" WIDTH="1%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="5%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="0%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="28%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="-1">3,387</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="2%">&#160; </TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="22%"> <P><FONT
    FACE="Arial" SIZE="-1">American Century</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="0%">&#160; </TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="42%"> <P><FONT
    FACE="Arial" SIZE="-1">Benham Target Mat TR2010; 197.37 units</FONT> </TD>
    <TD VALIGN="TOP" WIDTH="1%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="5%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="0%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="28%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="-1">10,571</FONT></P>
    </TD>
   </TR>
   <TR>
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   <TR>
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    <TD VALIGN="TOP" WIDTH="1%">&#160; </TD>
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   <TR>
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    <TD VALIGN="TOP" NOWRAP WIDTH="22%">&#160; </TD>
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    <TD VALIGN="TOP" WIDTH="1%">&#160; </TD>
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    <TD VALIGN="TOP" WIDTH="0%">&#160; </TD>
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    <TD VALIGN="TOP" WIDTH="1%">&#160; </TD>
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    <TD VALIGN="TOP" WIDTH="1%">&#160; </TD>
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   <TR>
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    <TD VALIGN="TOP" NOWRAP WIDTH="22%">&#160; </TD>
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    <TD VALIGN="TOP" WIDTH="1%">&#160; </TD>
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   <TR>
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    <TD VALIGN="TOP" NOWRAP WIDTH="22%">&#160; </TD>
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    <TD VALIGN="TOP" WIDTH="1%">&#160; </TD>
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    <TD VALIGN="TOP" WIDTH="0%">&#160; </TD>
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    <TD VALIGN="TOP" WIDTH="1%">&#160; </TD>
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   <TR>
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    <TD VALIGN="TOP" WIDTH="1%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="5%">&#160; </TD>
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   <TR>
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    <TD VALIGN="TOP" WIDTH="1%">&#160; </TD>
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   <TR>
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    <TD VALIGN="TOP" WIDTH="0%">&#160; </TD>
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    <TD VALIGN="TOP" WIDTH="1%">&#160; </TD>
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   <TR>
    <TD VALIGN="TOP" WIDTH="2%">&#160; </TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="22%">&#160; </TD>
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    <TD VALIGN="TOP" WIDTH="1%">&#160; </TD>
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   <TR>
    <TD VALIGN="TOP" WIDTH="2%">&#160; </TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="22%">&#160; </TD>
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    <TD VALIGN="TOP" WIDTH="1%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="5%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="0%">&#160; </TD>
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   <TR>
    <TD VALIGN="TOP" WIDTH="2%">&#160; </TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="22%">&#160; </TD>
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    <TD VALIGN="TOP" WIDTH="1%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="5%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="0%">&#160; </TD>
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   <TR>
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    <TD VALIGN="TOP" WIDTH="0%">&#160; </TD>
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    <TD VALIGN="TOP" WIDTH="1%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="5%">&#160; </TD>
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   <TR>
    <TD VALIGN="TOP" WIDTH="2%">&#160; </TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="22%">&#160; </TD>
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    <TD VALIGN="TOP" WIDTH="1%">&#160; </TD>
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   <TR>
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    <TD VALIGN="TOP" WIDTH="28%"> <P ALIGN="right"><FONT
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   <TR>
    <TD VALIGN="TOP" WIDTH="2%">&#160; </TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="22%">&#160; </TD>
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    <TD VALIGN="TOP" WIDTH="1%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="5%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="0%">&#160; </TD>
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   <TR>
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    <TD VALIGN="TOP" WIDTH="1%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="5%">&#160; </TD>
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   <TR>
    <TD VALIGN="TOP" WIDTH="2%">&#160; </TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="22%">&#160; </TD>
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    <TD VALIGN="TOP" WIDTH="1%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="5%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="0%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="28%"> <P ALIGN="right"><FONT
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   <TR>
    <TD VALIGN="TOP" WIDTH="2%">&#160; </TD>
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    <TD VALIGN="TOP" WIDTH="1%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="5%">&#160; </TD>
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   <TR>
    <TD VALIGN="TOP" WIDTH="2%">&#160; </TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="22%">&#160; </TD>
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    <TD VALIGN="TOP" WIDTH="1%">&#160; </TD>
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   <TR>
    <TD VALIGN="TOP" WIDTH="2%">&#160; </TD>
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    <TD VALIGN="TOP" WIDTH="1%">&#160; </TD>
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   <TR>
    <TD VALIGN="TOP" WIDTH="2%">&#160; </TD>
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    </TD>
    <TD VALIGN="TOP" WIDTH="1%">&#160; </TD>
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    <TD VALIGN="TOP" WIDTH="0%">&#160; </TD>
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   <TR>
    <TD VALIGN="TOP" WIDTH="2%">&#160; </TD>
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   <TR>
    <TD VALIGN="TOP" WIDTH="2%">&#160; </TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="22%">&#160; </TD>
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    </TD>
    <TD VALIGN="TOP" WIDTH="1%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="5%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="0%">&#160; </TD>
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   <TR>
    <TD VALIGN="TOP" WIDTH="2%">&#160; </TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="22%">&#160; </TD>
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    </TD>
    <TD VALIGN="TOP" WIDTH="1%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="5%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="0%">&#160; </TD>
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   <TR>
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    <TD VALIGN="TOP" NOWRAP WIDTH="22%"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="0%">&#160; </TD>
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    </TD>
    <TD VALIGN="TOP" WIDTH="1%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="5%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="0%">&#160; </TD>
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   <TR>
    <TD VALIGN="TOP" WIDTH="2%">&#160; </TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="22%">&#160; </TD>
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    <TD VALIGN="TOP" WIDTH="1%">&#160; </TD>
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   <TR>
    <TD VALIGN="TOP" WIDTH="2%">&#160; </TD>
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    <TD VALIGN="TOP" WIDTH="1%">&#160; </TD>
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    <TD VALIGN="TOP" WIDTH="1%">&#160; </TD>
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    <TD VALIGN="TOP" WIDTH="1%">&#160; </TD>
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    <TD VALIGN="TOP" WIDTH="0%">&#160; </TD>
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    <TD VALIGN="TOP" WIDTH="1%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="5%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="0%">&#160; </TD>
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   <TR>
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    <TD VALIGN="TOP" WIDTH="0%">&#160; </TD>
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    <TD VALIGN="TOP" WIDTH="1%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="5%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="0%">&#160; </TD>
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    </TD>
    <TD VALIGN="TOP" WIDTH="1%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="5%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="0%">&#160; </TD>
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   <TR>
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    <TD VALIGN="TOP" WIDTH="0%">&#160; </TD>
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    <TD VALIGN="TOP" WIDTH="1%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="5%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="0%">&#160; </TD>
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   <TR>
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    <TD VALIGN="TOP" WIDTH="0%">&#160; </TD>
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    <TD VALIGN="TOP" WIDTH="1%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="5%">&#160; </TD>
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   <TR>
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    <TD VALIGN="TOP" WIDTH="0%">&#160; </TD>
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    <TD VALIGN="TOP" WIDTH="1%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="5%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="0%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="28%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="-1">3,171</FONT></P>
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="2%">&#160; </TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="22%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="0%">&#160; </TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="42%"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="1%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="5%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="0%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="28%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="-1">5,330</FONT></P>
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="2%">&#160; </TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="22%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="0%">&#160; </TD>
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    <TD VALIGN="TOP" WIDTH="1%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="5%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="0%">&#160; </TD>
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    FACE="Arial" SIZE="-1">3,517</FONT></P>
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="2%">&#160; </TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="22%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="0%">&#160; </TD>
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    </TD>
    <TD VALIGN="TOP" WIDTH="1%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="5%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="0%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="28%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="-1">619</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="2%">&#160; </TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="22%"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="0%">&#160; </TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="42%"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="1%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="5%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="0%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="28%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="-1">17,542</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="2%">&#160; </TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="22%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="0%">&#160; </TD>
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    </TD>
    <TD VALIGN="TOP" WIDTH="1%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="5%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="0%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="28%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="-1">17,859</FONT></P>
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="2%">&#160; </TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="22%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="0%">&#160; </TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="42%"> <P><FONT
    FACE="Arial" SIZE="-1">Inv't Worldwide; 1,292.42 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="1%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="5%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="0%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="28%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="-1">98,780</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="2%">&#160; </TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="22%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="0%">&#160; </TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="42%"> <P><FONT
    FACE="Arial" SIZE="-1">Inv't Twenty; 1,009.03 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="1%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="5%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="0%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="28%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="-1">84,183</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="2%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="22%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="0%">&#160; </TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="42%"> <P><FONT
    FACE="Arial" SIZE="-1">Global Technology; 2,253.33 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="1%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="5%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="0%">&#160; </TD>
    <TD VALIGN="TOP" WIDTH="28%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="-1">69,696</FONT></P>
    </TD>
   </TR>
  </TABLE>
  <P ALIGN="CENTER">
  <TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="80%">
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    <TD WIDTH="2%"> <DIV ALIGN="left"><FONT
    FACE="Arial, Helvetica, sans-serif" SIZE="1">(a)</FONT></DIV>
    </TD>
    <TD WIDTH="24%"> <DIV ALIGN="center"><FONT
    FACE="Arial, Helvetica, sans-serif" SIZE="1">(b)</FONT></DIV>
    </TD>
    <TD NOWRAP WIDTH="52%"> <DIV ALIGN="center"><FONT
    FACE="Arial, Helvetica, sans-serif" SIZE="1">(c)</FONT></DIV>
    </TD>
    <TD WIDTH="5%"> <DIV ALIGN="center"><FONT
    FACE="Arial, Helvetica, sans-serif" SIZE="1">(d)</FONT></DIV>
    </TD>
    <TD WIDTH="17%"> <DIV ALIGN="center"><FONT
    FACE="Arial, Helvetica, sans-serif" SIZE="1">(e)</FONT></DIV>
    </TD>
   </TR>
   <TR VALIGN="bottom">
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    </TD>
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   <TR>
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    <TD VALIGN="TOP" NOWRAP WIDTH="52%"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="5%"><FONT
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    FACE="Arial" SIZE="2"> 2,468</FONT></P>
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   <TR>
    <TD VALIGN="TOP" WIDTH="2%"><FONT
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    <TD VALIGN="TOP" WIDTH="24%"><FONT
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    <TD VALIGN="TOP" NOWRAP WIDTH="52%"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="5%"><FONT
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   <TR>
    <TD VALIGN="TOP" WIDTH="2%"><FONT
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    <TD VALIGN="TOP" WIDTH="24%"><FONT
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    <TD VALIGN="TOP" WIDTH="5%"><FONT
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   <TR>
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    <TD VALIGN="TOP" WIDTH="24%"><FONT
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   <TR>
    <TD VALIGN="TOP" WIDTH="2%"><FONT
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    <TD VALIGN="TOP" WIDTH="24%"><FONT
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    <TD VALIGN="TOP" NOWRAP WIDTH="52%"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="5%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="17%"> <P ALIGN="right"><FONT
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   <TR>
    <TD VALIGN="TOP" WIDTH="2%"><FONT
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    <TD VALIGN="TOP" WIDTH="24%"><FONT
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   <TR>
    <TD VALIGN="TOP" WIDTH="2%"><FONT
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    <TD VALIGN="TOP" WIDTH="24%"><FONT
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    <TD VALIGN="TOP" NOWRAP WIDTH="52%"> <P><FONT
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   <TR>
    <TD VALIGN="TOP" WIDTH="2%"><FONT
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    <TD VALIGN="TOP" NOWRAP WIDTH="52%"> <P><FONT
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   <TR>
    <TD VALIGN="TOP" WIDTH="2%"><FONT
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    <TD VALIGN="TOP" WIDTH="24%"><FONT
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   <TR>
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    <TD VALIGN="TOP" WIDTH="24%"> <P><FONT
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    <TD VALIGN="TOP" NOWRAP WIDTH="52%"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="5%"><FONT
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    <TD VALIGN="TOP" WIDTH="17%"> <P ALIGN="right"><FONT
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   <TR>
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    <TD VALIGN="TOP" WIDTH="24%"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="5%"><FONT
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    <TD VALIGN="TOP" WIDTH="17%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">532</FONT></P>
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="2%"><FONT
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    <TD VALIGN="TOP" WIDTH="24%"><FONT
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    <TD VALIGN="TOP" WIDTH="5%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="17%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">319</FONT></P>
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   <TR>
    <TD VALIGN="TOP" WIDTH="2%"><FONT
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    <TD VALIGN="TOP" WIDTH="24%"> <P><FONT
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    <TD VALIGN="TOP" NOWRAP WIDTH="52%"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="5%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="17%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">1,293</FONT></P>
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="2%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="24%"> <P><FONT
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    <TD VALIGN="TOP" NOWRAP WIDTH="52%"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="5%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="17%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">7,862</FONT></P>
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="2%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="24%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="52%"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="5%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="17%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">3,304</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="2%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="24%"> <P><FONT
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    <TD VALIGN="TOP" NOWRAP WIDTH="52%"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="5%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="17%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">20,568</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="2%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="24%"> <P><FONT
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    <TD VALIGN="TOP" NOWRAP WIDTH="52%"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="5%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="17%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">8,740</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="2%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="24%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="52%"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="5%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="17%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">1,146</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="2%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="24%"> <P><FONT
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    <TD VALIGN="TOP" NOWRAP WIDTH="52%"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="5%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="17%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">12,527</FONT></P>
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="2%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="24%"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="52%"> <P><FONT
    FACE="Arial" SIZE="2">Growth; 255.42 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="5%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="17%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">12,102</FONT></P>
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="2%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="24%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="52%"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="5%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="17%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">25,522</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="2%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="24%"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="52%"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="5%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="17%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">2,878</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="2%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="24%"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="52%"> <P><FONT
    FACE="Arial" SIZE="2">Technology Select; 69.89 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="5%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="17%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">1,701</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="2%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="24%"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="52%"> <P><FONT
    FACE="Arial" SIZE="2">Value Plus and Growth N/C; 337.24 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="5%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="17%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">10,262</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="2%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="24%"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="52%"> <P><FONT
    FACE="Arial" SIZE="2">American Gas Index; 139.60 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="5%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="17%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">2,146</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="2%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="24%"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="52%"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="5%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="17%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">12,066</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="2%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="24%"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="52%"> <P><FONT
    FACE="Arial" SIZE="2">Technology; 10.81 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="5%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="17%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">1,647</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="2%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="24%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="52%"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="5%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="17%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">15,957</FONT></P>
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="2%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="24%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="52%"> <P><FONT
    FACE="Arial" SIZE="2">Develop Communications; 26.33 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="5%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="17%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">1,656</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="2%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="24%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="52%"> <P><FONT
    FACE="Arial" SIZE="2">Telecom; 7.55 units </FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="5%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="17%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">670</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="2%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="24%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="52%"> <P><FONT
    FACE="Arial" SIZE="2">Electronics; 23.82 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="5%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="17%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">2,117</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="2%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="24%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="52%"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="5%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="17%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">2,117</FONT></P>
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="2%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="24%"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="52%"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="5%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="17%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">615,412</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="2%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="24%"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="52%"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="5%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="17%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">19,361</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="2%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="24%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="52%"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="5%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="17%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">3,068</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="2%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="24%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="52%"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="5%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="17%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">4,562</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="2%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="24%"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="52%"> <P><FONT
    FACE="Arial" SIZE="2">Health Sciences; 953.58 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="5%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="17%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">15,191</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="2%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="24%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="52%"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="5%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="17%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">1,449</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="2%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="24%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="52%"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="5%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="17%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">5,146</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="2%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="24%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="52%"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="5%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="17%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">16,634</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="2%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="24%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="52%"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="5%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="17%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">17,448</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="2%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="24%"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="52%"> <P><FONT
    FACE="Arial" SIZE="2">Global Value Fund; 197.61 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="5%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="17%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">3,994</FONT></P>
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="2%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="24%"> <P><FONT
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    <TD VALIGN="TOP" NOWRAP WIDTH="52%"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="5%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="17%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">24,652</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="2%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="24%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="52%"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="5%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="17%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">4,340</FONT></P>
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="2%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="24%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="52%"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="5%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="17%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">10,978</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="2%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="24%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="52%"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="5%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="17%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">14,515</FONT></P>
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="2%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="24%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="52%"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="5%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="17%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">190,873</FONT></P>
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="2%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="24%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="52%"> <P><FONT
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    <TD VALIGN="TOP" WIDTH="5%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="17%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">98,960</FONT></P>
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   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="2%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="24%"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="52%"> <P><FONT
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    </TD>
    <TD VALIGN="TOP" WIDTH="5%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="17%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">471</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="2%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="24%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="52%"> <P><FONT
    FACE="Arial" SIZE="2">JSPSN OTC; 453.41 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="5%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="17%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">12,510</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="2%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="24%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="52%"> <P><FONT
    FACE="Arial" SIZE="2">Global Telecomm; 16.44 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="5%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="17%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">1,180</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="2%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="24%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="52%"> <P><FONT
    FACE="Arial" SIZE="2">Growth Fund of America; 233.71 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="5%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="17%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">6,810</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="2%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="24%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="52%"> <P><FONT
    FACE="Arial" SIZE="2">Homestate Year 2000 Fund; 77.17 units</FONT></P>
    </TD>
    <TD VALIGN="TOP" WIDTH="5%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="17%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">2,344</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="2%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="24%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="52%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="5%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="17%"> <HR NOSHADE WIDTH="80%" SIZE="1"
      ALIGN="right"> </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="2%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="24%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="52%"><FONT
    SIZE="2">&#160; </FONT></TD>
    <TD VALIGN="TOP" WIDTH="5%"> <DIV ALIGN="center"><FONT
    FACE="Arial" SIZE="2">* *</FONT></DIV>
    </TD>
    <TD VALIGN="TOP" WIDTH="17%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">2,163,464</FONT></P>
    </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="2%">&nbsp;</TD>
    <TD VALIGN="TOP" WIDTH="24%">&nbsp;</TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="52%">&nbsp;</TD>
    <TD VALIGN="TOP" WIDTH="5%">&nbsp;</TD>
    <TD VALIGN="TOP" WIDTH="17%"> <HR NOSHADE WIDTH="80%" SIZE="1"
      ALIGN="right"> </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="2%">&nbsp;</TD>
    <TD VALIGN="TOP" WIDTH="24%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT
    FACE="Arial" SIZE="2">Total investments</FONT></TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="52%">&nbsp;</TD>
    <TD VALIGN="TOP" WIDTH="5%">&nbsp;</TD>
    <TD VALIGN="TOP" WIDTH="17%"> <P ALIGN="right"><FONT
    FACE="Arial" SIZE="2">$268,441,464</FONT> </TD>
   </TR>
   <TR>
    <TD VALIGN="TOP" WIDTH="2%"><FONT
    SIZE="2"></FONT></TD>
    <TD VALIGN="TOP" WIDTH="24%"><FONT
    SIZE="2"></FONT></TD>
    <TD VALIGN="TOP" NOWRAP WIDTH="52%"><FONT
    SIZE="2"></FONT></TD>
    <TD VALIGN="TOP" WIDTH="5%"><FONT
    SIZE="2"></FONT></TD>
    <TD VALIGN="TOP" WIDTH="17%"> <HR NOSHADE WIDTH="80%" SIZE="2"
      ALIGN="right"> </TD>
   </TR>
  </TABLE>
  <P ALIGN="center"><FONT
  FACE="Arial" SIZE="2">** - Cost information is not applicable for participant
    directed investments</FONT></P>
  <P ALIGN="RIGHT"><U><FONT
  FACE="Arial"><FONT
  SIZE="2">EXHIBIT B </FONT></FONT></U></P>
  <P ALIGN="CENTER"><B><FONT
  FACE="Arial" SIZE="2">Consent of Independent Accountants</FONT></B></P>
  <P><FONT
  FACE="Arial">We hereby consent to the incorporation by reference in the
    Registration Statement on Form S-8 (No.&#160;33-8003) of Caterpillar Inc.
    of our report dated May 26, 2000 relating to the financial statements of
    the Caterpillar Inc. Tax Deferred Savings Plan, which appears in this Form
    11-K. </FONT></P>
  <P><FONT
  FACE="Arial">/s/ PricewaterhouseCoopers LLP</FONT></P>
  <P><FONT
  FACE="Arial">Peoria, Illinois
  <BR>
  May 26, 2000</FONT></P>
  <P>&nbsp;</P>
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