<SUBMISSION>
<ACCESSION-NUMBER>0000950129-04-002135
<TYPE>DEF 14A
<PUBLIC-DOCUMENT-COUNT>3
<PERIOD>20040520
<FILING-DATE>20040416
<EFFECTIVENESS-DATE>20040416
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>QUANTA SERVICES INC
<CIK>0001050915
<ASSIGNED-SIC>1731
<IRS-NUMBER>742851603
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>DEF 14A
<ACT>34
<FILE-NUMBER>001-13831
<FILM-NUMBER>04737199
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>1360 POST OAK BLVD
<STREET2>SUITE 2100
<CITY>HOUSTON
<STATE>TX
<ZIP>77056
<PHONE>7133506000
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>1360 POST OAK BLVD SUITE 2100
<CITY>HOUSTON
<STATE>TX
<ZIP>77056
</MAIL-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>DEF 14A
<SEQUENCE>1
<FILENAME>h14327def14a.htm
<DESCRIPTION>QUANTA SERVICES, INC. - 5/20/2004
<TEXT>
<HTML>
<HEAD>
<TITLE>def14a</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>
<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
        <TD width="70%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="13%">&nbsp;</TD>
        <TD width="1%">&nbsp;</TD>
        <TD width="15%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD colspan="3" nowrap align="center"><FONT size="2">OMB APPROVAL</FONT></TD>
</TR>
<TR valign="bottom">
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD><FONT size="1">&nbsp;</FONT></TD>
        <TD colspan="3" nowrap align="center"><HR size="1" noshade></TD>
</TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
OMB Number:
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="right" valign="top"><FONT size="2">3235-0059</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
Expires:
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>

<TD nowrap align="right" valign="top"><FONT size="2">August&nbsp;31,&nbsp;2004</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD colspan="2" nowrap align="left" valign="top"><FONT size="2">Estimated average burden<br>hours per

response</FONT></TD>

        <TD align="right" valign="bottom"><FONT size="2">14.73</FONT></TD>
</TR>

</TABLE>
</CENTER>

<P align="center"><font size="2"><B>UNITED STATES<BR>SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549</B>
</font>

<P align="center"><FONT size="2"><B>SCHEDULE 14A</B>
</FONT>


<P align="center"><FONT size="2">Proxy Statement Pursuant to Section 14(a) of the Securities<BR>
Exchange Act of 1934 (Amendment No.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;)
</FONT>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR>
        <TD width="3%"></TD>
        <TD width="97%"></TD>
</TR>
<TR valign="top">
        <TD>&nbsp;</TD>
        <TD><FONT size="2">Filed by the Registrant
&nbsp;&nbsp;<FONT face="wingdings">&#120;</FONT></FONT></TD>
</TR>
<TR valign="top">
        <TD>&nbsp;</TD>
        <TD><FONT size="2">Filed by a Party other than the Registrant &nbsp;&nbsp;<FONT face="wingdings">&#111;</FONT></FONT></TD>
</TR>
<TR><TD>&nbsp;</TD></TR>
<TR valign="top">
        <TD>&nbsp;</TD>
        <TD><FONT size="2">Check the appropriate box:</FONT></TD>
</TR>
</TABLE>
<p>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR>
        <TD width="3%"></TD>
        <TD width="97%"></TD>
</TR>
<TR valign="top">
        <TD>&nbsp;</TD>

<TD><FONT size="2"><FONT face="wingdings">&#111;</FONT>&nbsp;&nbsp; Preliminary Proxy Statement</FONT></TD>
</TR>
<TR valign="top">
        <TD>&nbsp;</TD>

<TD><FONT size="2"><FONT face="wingdings">&#111;</FONT>&nbsp;&nbsp;
<B>Confidential, for Use of the Commission Only (as permitted by
Rule&nbsp;14a-6(e)(2))</B></FONT></TD>
</TR>
<TR valign="top">
        <TD>&nbsp;</TD>

<TD><FONT size="2"><FONT face="wingdings">&#120;</FONT>&nbsp;&nbsp; Definitive Proxy Statement</FONT></TD>
</TR>
<TR valign="top">
        <TD>&nbsp;</TD>
        <TD><FONT size="2"><FONT face="wingdings">&#111;</FONT>&nbsp;&nbsp; Definitive Additional Materials</FONT></TD>
</TR>
<TR valign="top">
        <TD>&nbsp;</TD>

<TD><FONT size="2"><FONT face="wingdings">&#111;</FONT>&nbsp;&nbsp;
Soliciting Material Pursuant to &#167;240.14a-12</FONT></TD>
</TR>
</TABLE>


<P align="center"><FONT size="4"><B>Quanta Services, Inc.</B></FONT>
<center>
<DIV align="center"><FONT size="2"><HR size="1" noshade>
(Name of Registrant as Specified In Its Charter)
</FONT></DIV>
</center>
<p>
<center>
<P align="center"><FONT size="2"><HR size="1" noshade>(Name of Person(s) Filing Proxy
Statement, if other than the Registrant)
</FONT>
</center>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payment of Filing Fee (Check the appropriate box):
</FONT>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR>
        <TD width="3%"></TD>
        <TD width="97%"></TD>
</TR>
<TR valign="top">
        <TD>&nbsp;</TD>

<TD><FONT size="2"><FONT face="wingdings">&#120;</FONT>&nbsp;&nbsp; No fee required.</FONT></TD>
</TR>
<TR valign="top">
        <TD>&nbsp;</TD>

<TD><FONT size="2"><FONT face="wingdings">&#111;</FONT>&nbsp;&nbsp;
Fee computed on table below per Exchange Act Rules&nbsp;14a-6(i)(4) and
0-11.</FONT></TD>
</TR>
</TABLE>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR>
        <TD width="3%"></TD>
        <TD width="97%"></TD>
</TR>
<TR valign="top">
        <TD>&nbsp;</TD>
        <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1)&nbsp;Title of each class of securities to which transaction applies:</FONT></TD>
</TR>
</TABLE>
<HR size="1" noshade>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR>
        <TD width="3%"></TD>
        <TD width="97%"></TD>
</TR>
<TR valign="top">
        <TD>&nbsp;</TD>
        <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2)&nbsp;Aggregate number of securities to which transaction applies:</FONT></TD>
</TR>
</TABLE>
<HR size="1" noshade>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR>
        <TD width="3%"></TD>
        <TD width="97%"></TD>
</TR>
<TR valign="top">
        <TD>&nbsp;</TD>
        <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3)&nbsp;Per unit price or other underlying value of transaction computed
pursuant to Exchange Act Rule&nbsp;0-11 (set forth the amount on which the
filing fee is calculated and state how it was determined):</FONT></TD>
</TR>
</TABLE>
<HR size="1" noshade>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR>
        <TD width="3%"></TD>
        <TD width="97%"></TD>
</TR>
<TR valign="top">
        <TD>&nbsp;</TD>
        <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4)&nbsp;Proposed maximum aggregate value of transaction:</FONT></TD>
</TR>
</TABLE>
<HR size="1" noshade>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR>
        <TD width="3%"></TD>
        <TD width="97%"></TD>
</TR>
<TR valign="top">
        <TD>&nbsp;</TD>
        <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5)&nbsp;Total fee paid:</FONT></TD>
</TR>
</TABLE>
<HR size="1" noshade>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR>
        <TD width="3%"></TD>
        <TD width="97%"></TD>
</TR>
<TR valign="top">
        <TD>&nbsp;</TD>
        <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="wingdings">&#111;</FONT>&nbsp;&nbsp; Fee paid previously with preliminary materials.</FONT></TD>
</TR>
</TABLE>
<HR size="1" noshade>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR>
        <TD width="3%"></TD>
        <TD width="97%"></TD>
</TR>
<TR valign="top">
        <TD>&nbsp;</TD>
        <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="wingdings">&#111;</FONT>&nbsp;&nbsp; Check box if any part of the fee is offset as provided by Exchange Act
Rule&nbsp;0-11(a)(2) and identify the filing for which the offsetting fee
was paid previously. Identify the previous filing by registration
statement number, or the Form or Schedule and the date of its filing.</FONT></TD>
</TR>
</TABLE>
<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR>
        <TD width="3%"></TD>
        <TD width="97%"></TD>
</TR>
<TR valign="top">
        <TD>&nbsp;</TD>
        <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1)&nbsp;Amount Previously Paid:</FONT></TD>
</TR>
</TABLE>
<HR size="1" noshade>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR>
        <TD width="3%"></TD>
        <TD width="97%"></TD>
</TR>
<TR valign="top">
        <TD>&nbsp;</TD>
        <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2)&nbsp;Form, Schedule or Registration Statement No.:</FONT></TD>
</TR>
</TABLE>
<HR size="1" noshade>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR>
        <TD width="3%"></TD>
        <TD width="97%"></TD>
</TR>
<TR valign="top">
        <TD>&nbsp;</TD>
        <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3)&nbsp;Filing Party:</FONT></TD>
</TR>
</TABLE>
<HR size="1" noshade>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR>
        <TD width="3%"></TD>
        <TD width="97%"></TD>
</TR>
<TR valign="top">
        <TD>&nbsp;</TD>
        <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4)&nbsp;Date Filed:</FONT></TD>
</TR>
</TABLE>
<HR size="1" noshade>

<p>
<center>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR>
        <TD width="20%"></TD>
        <TD width="80%"></TD>
</TR>
<TR valign="top">
        <TD valign="bottom"><font size="2">SEC 1913 (02-02)</font></TD>
        <TD><font size="2"><b>Persons who are to respond to the collection of information
contained in this form are not required to respond unless the form displays a currently valid
OMB control number.</b></font></TD>
</TR>
</TABLE>
</center>
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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<P align="center" style="font-size: 10pt"><B>QUANTA SERVICES, INC.<BR>
1360 Post Oak Boulevard, Suite&nbsp;2100<BR>
Houston, TX 77056<BR>
(713)&nbsp;629-7600</B>



<P align="center" style="font-size: 10pt"><B>NOTICE OF ANNUAL MEETING OF STOCKHOLDERS<BR>
TO BE HELD MAY 20, 2004</B>



<P align="left" style="font-size: 10pt">To our Stockholders:



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Annual Meeting of Stockholders of Quanta Services, Inc. will be held
at the Omni Houston Hotel, Four Riverway, Houston, Texas 77056, on May&nbsp;20, 2004
at 9:00 a.m. local time.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At the meeting, you will be asked to consider and act upon the following
matters, which are more fully described in the accompanying Proxy Statement:


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="right">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Election of ten members of our Board of Directors, nine by the
holders of Common Stock and one by the holders of Limited Vote Common
Stock; and</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="right">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Any other matters that properly come before the meeting or any
adjournments of the meeting.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our stockholders of record at the close of business on March&nbsp;22, 2004 are
entitled to notice of, and to vote at, the annual meeting and any adjournments
of the meeting.


<P align="left" style="font-size: 10pt; margin-left: 60%">By Order of the Board of Directors

<P align="left" style="font-size: 10pt; margin-left: 60%"><IMG src="h14327gordon.jpg" alt="-s- Dana A. Gordon"><BR>

<P align="left" style="font-size: 10pt; margin-left: 60%">Dana A. Gordon<BR>
CORPORATE SECRETARY


<P align="left" style="font-size: 10pt">Houston, Texas<BR>
April&nbsp;16, 2004


<P align="center" style="font-size: 10pt"><B>YOUR VOTE IS IMPORTANT</B>


<P align="left" style="font-size: 10pt"><B>You are cordially invited to attend the annual meeting in person. To assure
your representation at the meeting, please vote promptly whether or not you
expect to be present at the meeting. You can vote your shares by signing and
dating the enclosed proxy card and returning it in the accompanying envelope
or, if you hold your shares through a broker, via the Internet. You will find
specific instructions for voting via the Internet or telephone on the proxy
card if that option is available for your shares. If you attend the meeting,
you may revoke your proxy and vote your shares in person. If you hold your
shares through a broker and wish to vote at the meeting, you will need to
obtain a proxy from the institution that holds your shares.</B>


<P align="left" style="font-size: 10pt"><B>If you choose to attend the meeting, you will be asked to present valid picture
identification and, if you hold your shares through a broker, you will be asked
to present a copy of your brokerage statement showing your stock ownership as
of March&nbsp;22, 2004.</B>



<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left">
<!-- TOC -->
</DIV>
<DIV align="left">
<A name="tocpage"></A>
</DIV>

<P align="center" style="font-size: 10pt"><B>TABLE OF CONTENTS</B>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="94%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><A href="#101">ABOUT THE MEETING</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px"><A href="#102">What is the purpose of the meeting?</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px"><A href="#103">Who is entitled to vote at the meeting? </A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px"><A href="#104">What are the voting rights of the holders of Common Stock and Limited Vote Common Stock?</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px"><A href="#105">Who can attend the meeting?</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px"><A href="#106">How do I vote?</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px"><A href="#107">What is the difference between holding shares as a stockholder of record and in &#145;street name&#146;?</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px"><A href="#108">Can I change my vote after I return my proxy card?</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px"><A href="#109">What constitutes a quorum?</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px"><A href="#110">What vote is required to approve each item to be voted on at the meeting? </A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px"><A href="#111">What are broker non-votes?</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px"><A href="#112">What are the Board&#146;s recommendations?</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px"><A href="#113">What if I receive more than one proxy card?</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px"><A href="#114">Where can I find the voting results of the meeting?</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><A href="#115">STOCK OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px"><A href="#116">Security Ownership of Certain Beneficial Owners</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px"><A href="#117">Security Ownership of Management</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><A href="#118">PROPOSAL: ELECTION OF DIRECTORS</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><A href="#119">INFORMATION CONCERNING THE BOARD OF DIRECTORS AND COMMITTEES</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px"><A href="#120">Director Meetings</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px"><A href="#121">Board Structure</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px"><A href="#122">Committees of the Board</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><A href="#123">CORPORATE GOVERNANCE</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px"><A href="#124">Board Independence</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px"><A href="#125">Audit Committee</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px"><A href="#126">Compensation Committee</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px"><A href="#127">Governance and Nominating Committee</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px"><A href="#128">Code of Ethics and Business Conduct</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px"><A href="#129">Executive Sessions of Non-Management Directors</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px"><A href="#130">Communications with the Board </A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px"><A href="#131">Director Qualifications</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px"><A href="#132">Identifying and Evaluating Nominees for Directors</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px"><A href="#133">Director Compensation</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><A href="#134">EXECUTIVE OFFICERS</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><A href="#135">EXECUTIVE COMPENSATION AND OTHER MATTERS</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px"><A href="#136">Summary Compensation Table</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px"><A href="#137">2003 Stock Option Exercises and Year-End Option Values</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px"><A href="#138">Ten-Year Option/SAR Repricings</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">18</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px"><A href="#139">Employment Agreements</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">19</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px"><A href="#140">2001 Stock Incentive Plan </A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">21</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px"><A href="#141">Equity Compensation Plan Information</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">23</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px"><A href="#142">Compensation Committee Interlocks and Insider Participation</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">23</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><A href="#143">CERTAIN TRANSACTIONS</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">24</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px"><A href="#144">Transactions Involving Certain Officers, Directors and Stockholders</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">24</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><A href="#145">SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">24</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><A href="#146">REPORT FROM THE COMPENSATION COMMITTEE REGARDING EXECUTIVE COMPENSATION</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">25</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px"><A href="#147">Base Salary</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">25</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px"><A href="#148">Annual Bonus Plan </A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">25</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px"><A href="#149">Equity Incentives</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">25</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px"><A href="#150">Stock Option Exchange Offer </A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">25</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px"><A href="#151">Compensation of Chief Executive Officer</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">26</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><A href="#152">REPORT FROM THE AUDIT COMMITTEE</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">27</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px"><A href="#153">Audit Fees</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">28</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><A href="#154">INDEPENDENT AUDITORS</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">28</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt">i
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="94%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><A href="#155">PERFORMANCE GRAPH </A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><A href="#156">ADDITIONAL INFORMATION </A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">31</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px"><A href="#157">Stockholder Proposals and Nomination of Directors for the 2005 Annual Meeting</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">31</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px"><A href="#158">Proxy Solicitation Costs</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">31</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px"><A href="#159">Other Matters</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">31</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left">
<!-- /TOC -->
</DIV>

<P align="center" style="font-size: 10pt">ii
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="center" style="font-size: 10pt"><B>QUANTA SERVICES, INC.<BR>
1360 Post Oak Boulevard, Suite&nbsp;2100<BR>
Houston, TX 77056<BR>
(713)&nbsp;629-7600</B>

<P>
<HR noshade size="1" width="26%">

<P align="center" style="font-size: 10pt"><B>PROXY STATEMENT<BR>
FOR THE ANNUAL MEETING OF STOCKHOLDERS<BR>
TO BE HELD MAY 20, 2004</B>

<P>
<HR noshade size="1" width="26%">

<P align="center" style="font-size: 10pt"><B><I>We are distributing this Proxy Statement and the form of proxy beginning on or about April&nbsp;16, 2004.</I></B>


<DIV align="left">
<A name="101"></A>
</DIV>

<P align="center" style="font-size: 10pt"><B>ABOUT THE MEETING</B>


<DIV align="left">
<A name="102"></A>
</DIV>

<P align="left" style="font-size: 10pt"><B>What is the purpose of the meeting?</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At the meeting, you and our other stockholders will act upon a proposal to
elect members of the Board of Directors (the Board).

<DIV align="left">
<A name="103"></A>
</DIV>

<P align="left" style="font-size: 10pt"><B>Who is entitled to vote at the meeting?</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Only holders of record of our Common Stock, par value $.00001, and Limited
Vote Common Stock, par value $.00001, at the close of business on March&nbsp;22,
2004, the record date for the meeting, are entitled to notice of and to
participate in the annual meeting. If you were a stockholder of record on that
date, you will be entitled to vote all of the shares that you held on that date
at the meeting, or any postponements or adjournments of the meeting.

<DIV align="left">
<A name="104"></A>
</DIV>

<P align="left" style="font-size: 10pt"><B>What are the voting rights of the holders of Common Stock and Limited Vote Common Stock</B>?



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each share of Common Stock is entitled to one vote on each matter on which
it may vote. With respect to the election of directors, holders of Common
Stock, voting as a class, will elect nine directors.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Holders of Limited Vote Common Stock, voting as a class, will elect one
director. Each share of Limited Vote Common Stock is entitled to one-tenth of
one vote on each other matter on which it may vote.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On all other matters, holders of Common Stock and Limited Vote Common
Stock will vote together.

<DIV align="left">
<A name="105"></A>
</DIV>

<P align="left" style="font-size: 10pt"><B>Who can attend the meeting?</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All stockholders of record as of March&nbsp;22, 2004, or their duly appointed
proxies, may attend the meeting, and each may be accompanied by one guest.
Seating, however, is limited. Admission to the meeting will be on a first-come,
first-served basis. Registration will begin at 8:00 a.m. and seating will begin
at 8:30 a.m. Each stockholder will be asked to present valid picture
identification, such as a driver&#146;s license or passport. Cameras, recording
devices and other electronic devices will not be permitted at the meeting.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Please note that if you hold your shares in &#147;street name&#148; (that is,
through a broker or other nominee), you will need to bring a copy of a
brokerage statement reflecting your stock ownership as of the record date and
check in at the registration desk at the meeting.

<DIV align="left">
<A name="106"></A>
</DIV>

<P align="left" style="font-size: 10pt"><B>How do I vote?</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;You may vote your shares in any of the following manners:


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="right">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>by signing and dating the enclosed proxy card and returning it in
the accompanying envelope;</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt">1
</DIV>

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<P><HR noshade><P>
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<DIV style="font-family: 'Times New Roman',Times,serif">


<P><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="right">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>by going to the web site www.proxyvote.com, with your proxy card
in hand, and following the simple instructions (not available to
stockholders of record or to holders of Limited Vote Common Stock);</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="right">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>by telephone following the instructions included with your proxy
card (not available to stockholders of record or to holders of Limited
Vote Common Stock); or</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="right">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>by written ballot at the meeting.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If you are a stockholder of record and you attend the meeting, you may
deliver your completed proxy card in person. If you hold your shares in &#147;street
name&#148; and you wish to vote at the meeting, you will need to obtain a proxy from
the broker or nominee that holds your shares.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Whether or not you plan to attend the meeting, we encourage you to vote by
proxy as soon as possible.

<DIV align="left">
<A name="107"></A>
</DIV>

<P align="left" style="font-size: 10pt"><B>What is the difference between holding shares as a stockholder of record and in &#147;street name&#148;?</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Many stockholders hold their shares through a stockbroker, bank or other
nominee rather than directly in their own name. This is often called holding
shares in &#147;street name.&#148; As summarized below, there are some distinctions
between record stockholders and &#147;street name&#148; holders.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If your shares are registered directly in your name with Quanta&#146;s transfer
agent, American Stock Transfer &#038; Trust Company, you are considered the
stockholder of record for those shares, and these proxy materials are being
sent directly to you.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If your shares are held in a stock brokerage account or by a bank or other
nominee, you are considered the beneficial owner of those shares and you hold
your shares in &#147;street name.&#148; These proxy materials are being forwarded to you
by your broker or nominee which is considered the stockholder of record for
those shares. As the beneficial owner, you have the right to direct your
broker how to vote and are also invited to attend the annual meeting. However,
because you are not a stockholder of record, you may not vote these shares in
person at the annual meeting unless you bring with you a proxy from your broker
or nominee. Your broker or nominee has enclosed a voting instruction card for
you to use in directing the vote of your shares.

<DIV align="left">
<A name="108"></A>
</DIV>

<P align="left" style="font-size: 10pt"><B>Can I change my vote after I return my proxy card?</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Yes. You may change your vote at any time before the proxy is exercised,
even after you have submitted your proxy card, by filing with our Corporate
Secretary either a written notice of revocation or a duly executed proxy card
bearing a later date. The powers of the proxy holders will be suspended if you
attend the meeting in person and vote your shares in person by completing a
written ballot. Attendance at the meeting will not by itself revoke a
previously granted proxy. If you hold your shares in &#147;street name&#148; and you
wish to change your vote at the meeting, you will need to obtain a proxy from
the broker or nominee that holds your shares.

<DIV align="left">
<A name="109"></A>
</DIV>

<P align="left" style="font-size: 10pt"><B>What constitutes a quorum?</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;With respect to the election of directors, a majority of the outstanding
shares of each of the Common Stock and Limited Vote Common Stock entitled to
vote must be present, either in person or represented by proxy, to constitute a
quorum.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For all other matters, a majority of the outstanding shares entitled to
vote of the Common Stock and Limited Vote Common Stock in the aggregate must be
present, either in person or represented by proxy, to constitute a quorum. As
of March&nbsp;22, 2004, 115,529,983 shares of Common Stock and 1,051,067 shares of
Limited Vote Common Stock were outstanding and entitled to vote. Properly
executed proxies received, but marked as abstentions and broker non-votes, will
be counted for purposes of establishing a quorum at the meeting.

<DIV align="left">
<A name="110"></A>
</DIV>

<P align="left" style="font-size: 10pt"><B>What vote is required to approve each item to be voted on at the meeting?</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Directors are elected by a plurality of the votes of the shares present in
person or represented by proxy and entitled to vote. Accordingly, the nine
nominees who receive the highest number of properly executed &#147;FOR&#148;


<P align="center" style="font-size: 10pt">2
</DIV>

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<P><HR noshade><P>
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<DIV style="font-family: 'Times New Roman',Times,serif">



<P align="left" style="font-size: 10pt">votes from
the holders of Common Stock, and the one nominee who receives the highest
number of properly executed &#147;FOR&#148; votes from the holders of Limited Vote Common
Stock, will be elected as directors.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under Delaware law, any other matter properly coming before the meeting
will be decided by the vote of the holders of a majority of the shares entitled
to vote on that matter, with all classes of stock voting together.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A properly executed proxy marked &#147;ABSTAIN&#148; with respect to any matter will
not be voted. Accordingly, an abstention will have no effect on the election of
directors but will have the effect of a negative vote on any other matter
properly coming before the meeting. A properly executed proxy marked as a
broker non-vote will not be counted in determining the number of shares
necessary for approval of any matter properly coming before the meeting.

<DIV align="left">
<A name="111"></A>
</DIV>

<P align="left" style="font-size: 10pt"><B>What are broker non-votes?</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Broker non-votes occur when you hold your shares through a broker, and
your broker does not vote your shares on a particular matter because (i)&nbsp;the
New York Stock Exchange (NYSE)&nbsp;does not deem the matter &#147;routine&#148; and (ii)&nbsp;your
broker has not received voting instructions from you. On routine matters, such
as the election of directors, your broker can vote your shares without
instructions from you.

<DIV align="left">
<A name="112"></A>
</DIV>

<P align="left" style="font-size: 10pt"><B>What are the Board&#146;s recommendations?</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unless you give other instructions on your proxy card, the persons named
as proxy holders on the proxy card will vote in accordance with the
recommendations of the Board. The Board recommends a vote of &#147;FOR&#148; each of the
proposed directors. With respect to any other matter that properly comes
before the meeting, the proxy holders will vote as recommended by the Board or,
if no recommendation is given, in their own discretion.

<DIV align="left">
<A name="113"></A>
</DIV>

<P align="left" style="font-size: 10pt"><B>What if I receive more than one proxy card?</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If you hold your shares in more than one type of account or your shares
are registered differently, you may receive more than one proxy card. We
encourage you to vote each proxy card that you receive.

<DIV align="left">
<A name="114"></A>
</DIV>

<P align="left" style="font-size: 10pt"><B>Where can I find the voting results of the meeting?</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We plan to announce preliminary voting results at the meeting and publish
final results in our quarterly report on Form 10-Q for the three months ending
June&nbsp;30, 2004.


<P align="center" style="font-size: 10pt">3
</DIV>

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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left">
<A name="115"></A>
</DIV>

<P align="center" style="font-size: 10pt"><B>STOCK OWNERSHIP OF CERTAIN<BR>
BENEFICIAL OWNERS AND MANAGEMENT</B>


<DIV align="left">
<A name="116"></A>
</DIV>

<P align="left" style="font-size: 10pt"><B>Security Ownership of Certain Beneficial Owners</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table sets forth information, as of April&nbsp;5, 2004, unless
otherwise indicated, with respect to each person known by Quanta to be the
beneficial owner of more than 5% of the outstanding shares of Quanta&#146;s Common
Stock or Limited Vote Common Stock.

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="46%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="26%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Amount</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>&nbsp;</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>of Shares</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>&nbsp;</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B> Name and Address</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Beneficially</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Percent</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B> of Beneficial Owner</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Title of Class</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Owned</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>of Class</B><HR size="1" noshade></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">First Reserve Fund IX, L.P.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Common Stock</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">39,014,630 </TD>
    <TD nowrap>(1)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">33.77</TD>
    <TD nowrap>%</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">600 Travis, Suite&nbsp;6000</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Houston, Texas 77002</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Third Avenue Management LLC</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Common Stock</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">7,117,900 </TD>
    <TD nowrap>(2)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">6.16</TD>
    <TD nowrap>%</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">622 Third Avenue, 32nd Floor</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">New York, New York 10017</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Pioneer Global Asset Management S.p.A.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Common Stock</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">6,366,082 </TD>
    <TD nowrap>(3)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">5.51</TD>
    <TD nowrap>%</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Galleria San Carlo 6</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">20122 Milan, Italy</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Vincent D. Foster</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Limited Vote Common Stock</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">191,698</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">18.24</TD>
    <TD nowrap>%</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">1300 Post Oak Blvd., Suite&nbsp;800</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Common Stock</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">189,470 </TD>
    <TD nowrap>(4)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Houston, Texas 77056</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">William G. Parkhouse</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Limited Vote Common Stock</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">165,632 </TD>
    <TD nowrap>(5)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">15.76</TD>
    <TD nowrap>%</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">203 Canyon Rim Drive</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Austin, Texas 78746</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Parkhouse Family Irrevocable Trust</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Limited Vote Common Stock</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">139,176</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">13.24</TD>
    <TD nowrap>%</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">c/o Alice Parkhouse</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">203 Canyon Rim Drive</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Austin, Texas 78746</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">James C. Thomas</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Limited Vote Common Stock</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">119,465</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">11.37</TD>
    <TD nowrap>%</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">4040 San Felipe, Suite&nbsp;155</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Houston, Texas 77027</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Gram Family Investments, LP</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Limited Vote Common Stock</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">75,258</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">7.16</TD>
    <TD nowrap>%</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Attention: Bernard Gram</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">822 N.E. 102nd Street</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Kansas City, Missouri 64155</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">James H. &#038; Constance Haddox</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Limited Vote Common Stock</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">70,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">6.66</TD>
    <TD nowrap>%</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">9141 Briar Forest</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Common Stock</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">249,950 </TD>
    <TD nowrap>(6)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Houston, Texas 77024</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Steven P. Colmar</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Limited Vote Common Stock</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">59,904</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">5.70</TD>
    <TD nowrap>%</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Colmar Industries</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">603 W. 13th, Suite&nbsp;1A-247</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Austin, Texas 78701</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt">4
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<P>
<HR size="1" width="18%" align="left" noshade>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top">
    <TD width="1%" nowrap align="right">*</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Percentage of shares does not exceed 1%.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="right">(1)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Based on Schedule&nbsp;13D/A filing dated March&nbsp;2, 2004 of First Reserve Fund IX, L.P. First Reserve Fund IX, L.P., First Reserve GP IX, L.P. and
First Reserve GP IX, Inc. have shared voting and dispositive power as to all such shares. Includes 33,445 shares of Common Stock and options for
15,000 shares of Common Stock issued to Ben A. Guill, a director of Quanta and President and a Managing Director of First Reserve Corporation, and
49,981 shares of Common Stock issued to Thomas J. Sikorski, a director of Quanta and a Managing Director of First Reserve Corporation. First
Reserve Fund IX, L.P. may be deemed to beneficially own the aforementioned shares of Common Stock and options issued to Messrs.&nbsp;Guill and Sikorski.
Although Messrs.&nbsp;Guill and Sikorski disclaim beneficial ownership of any securities of Quanta held by First Reserve Fund IX, L.P., Messrs.&nbsp;Guill
and Sikorski may be deemed to be beneficial owners of the shares of Common Stock held by First Reserve Fund IX, L.P.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="right">(2)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Based on Schedule&nbsp;13G/A filing dated February&nbsp;9, 2004 of Third Avenue Management LLC, which has sole dispositive power over all such shares and
sole voting power as to 6,652,200 of such shares.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="right">(3)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Based on Schedule&nbsp;13G filing dated February&nbsp;10, 2004 of Pioneer Global Asset Management S.p.A., which has sole voting and dispositive power
over all such shares.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="right">(4)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Includes 31,500 shares of Common Stock that may be acquired by Mr.&nbsp;Foster within 60&nbsp;days of April&nbsp;5, 2004, through the exercise of stock
options and 13,500 shares of Common Stock over which Messrs.&nbsp;Colson and Foster share voting and dispositive power. Also includes 3,835 shares of
Common Stock owned by Main Street Equity Advisors, L.L.C., of which Mr.&nbsp;Foster disclaims beneficial ownership.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="right">(5)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Does not include 139,176 shares of Limited Vote Common Stock held in trust for members of Mr.&nbsp;Parkhouse&#146;s family, of which he disclaims
beneficial ownership.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="right">(6)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Includes 93,750 shares of Common Stock that may be acquired by Mr.&nbsp;Haddox within 60&nbsp;days of April&nbsp;5, 2004, through the exercise of stock
options.</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt">5
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">





<DIV align="left">
<A name="117"></A>
</DIV>

<P align="left" style="font-size: 10pt"><B>Security Ownership of Management</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table sets forth, as of April&nbsp;5, 2004, the number of shares
of Common Stock and Limited Vote Common Stock beneficially owned by (i)&nbsp;each of
our Directors, (ii)&nbsp;each of our executive officers named in the Summary
Compensation Table and (iii)&nbsp;all of our Directors and executive officers as a
group.

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="55%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7"><B>Shares of Limited Vote</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7"><B>Shares of</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7"><B>Common Stock Beneficially</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7"><B>Common Stock</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7"><B>Owned</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7"><B>Beneficially Owned</B><HR size="1" noshade></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Percent</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>&nbsp;</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>of</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Percent</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B> Name</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Number</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Class</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Number</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>of Class</B><HR size="1" noshade></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">John R. Colson</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">2,322,121 </TD>
    <TD nowrap>(1)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">2.01</TD>
    <TD nowrap>%</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">John R. Wilson</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">718,269</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Gary A. Tucci</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">578,450 </TD>
    <TD nowrap>(2)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Luke T. Spalj</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">386,430</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">James H. Haddox</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">70,000 </TD>
    <TD nowrap>(3)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">6.66</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">249,950 </TD>
    <TD nowrap>(4)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Vincent D. Foster</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">191,698</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">18.24</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">189,470 </TD>
    <TD nowrap>(5)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Elliott C. Robbins</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">98,344</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">James R. Ball</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">29,625</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">2.82</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">69,699 </TD>
    <TD nowrap>(6)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Thomas J. Sikorski</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">49,981 </TD>
    <TD nowrap>(7)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Ben A. Guill</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">48,445 </TD>
    <TD nowrap>(8)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Frederick M. Haag</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">36,176</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Louis C. Golm</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">35,302 </TD>
    <TD nowrap>(9)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">H. Jarrell Gibbs</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">3,759 </TD>
    <TD nowrap>(10)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Bernard Fried</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,759</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">All directors and executive officers as a group
(21 persons)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">328,823</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">31.28</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">5,095,736 </TD>
    <TD nowrap>(11)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">4.41</TD>
    <TD nowrap>%</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>




<P>
<HR size="1" width="18%" align="left" noshade>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top">
    <TD width="1%" nowrap align="right">*</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Percentage of shares does not exceed 1%.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="right">(1)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Includes 13,500 shares over which Messrs.&nbsp;Colson and Foster share voting
and dispositive power.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="right">(2)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Includes 75,000 shares of Common Stock held by Mr.&nbsp;Tucci that may be
acquired within 60&nbsp;days of April&nbsp;5, 2004, through the exercise of stock
options.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="right">(3)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">The 70,000 shares of Limited Vote Common Stock are held by James and
Constance Haddox as joint tenants.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="right">(4)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Includes 93,750 shares of Common Stock held by Mr.&nbsp;Haddox that may be
acquired within 60&nbsp;days of April&nbsp;5, 2004, through the exercise of stock
options.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="right">(5)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Includes 31,500 shares of Common Stock held by Mr.&nbsp;Foster that may be
acquired within 60&nbsp;days of April&nbsp;5, 2004, through the exercise of stock
options and 13,500 shares of Common Stock over which Messrs.&nbsp;Colson and
Foster share voting and dispositive power. Also includes 3,835 shares of
Common Stock owned by Main Street Equity Advisors, L.L.C, of which Mr.
Foster disclaims beneficial ownership.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="right">(6)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Includes 45,000 shares of Common Stock held by Mr.&nbsp;Ball that may be
acquired within 60&nbsp;days of April&nbsp;5, 2004, through the exercise of stock
options.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="right">(7)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Does not include 38,916,204 shares of Common Stock owned by First Reserve
Fund IX, L.P., of which Mr.&nbsp;Sikorski disclaims beneficial ownership.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="right">(8)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Includes 15,000 shares of Common Stock held by Mr.&nbsp;Guill that may be
acquired within 60&nbsp;days of April&nbsp;5, 2004, through the exercise of stock
options. Does not include 38,916,204 shares of Common Stock owned by
First Revenue Fund IX, L.P., of which Mr.&nbsp;Guill disclaims beneficial
ownership.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="right">(9)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Includes 4,375 shares of Common Stock held by Mr.&nbsp;Golm that may be
acquired within 60&nbsp;days of April&nbsp;5, 2004, through the exercise of stock
options.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="right">(10)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Includes 2,000 shares of Common Stock held jointly by H. Jarrell and
Cynthia Gibbs.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="right">(11)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Includes 345,750 shares of Common Stock that may be acquired within 60
days of April&nbsp;5, 2004, through the exercise of stock options.</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt">6
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">





<DIV align="left">
<A name="118"></A>
</DIV>

<P align="center" style="font-size: 10pt"><B>PROPOSAL:<BR>
ELECTION OF DIRECTORS</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The current term of office of all of our directors expires at the 2004
annual meeting. The Board of Directors proposes that the following nominees be
elected for a new term of one year and until their successors are duly elected
and qualified or until their earlier resignation or removal. Each of the
nominees has consented to serve if elected. If a nominee becomes unavailable
to serve as a director, the Board may designate a substitute nominee. In that
case, the persons named as proxies will vote for the substitute nominee
designated by the Board. Proxies cannot be voted for a greater number of
persons than the number of nominees named below.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The directors standing for election by each class of shares entitled to
vote are:


<P align="left" style="font-size: 10pt"><B>Nominees for Election by the Holders of Common Stock:</B>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="90%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="35%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="43%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Director</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Name</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Age</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Position(s) with Quanta</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Since</B><HR size="1" noshade></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">James R. Ball
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">61</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1998</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">John R. Colson
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">56</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chief Executive Officer,
Chairman of the Board of
Directors
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1998</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Bernard Fried
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">47</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2004</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">H. Jarrell Gibbs
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">65</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2004</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Louis C. Golm
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">62</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2002</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Ben A. Guill
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">53</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2002</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Thomas J. Sikorski
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">43</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2003</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Gary A. Tucci
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">47</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chief Executive Officer of
Potelco, Inc., Director
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1998</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">John R. Wilson
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">54</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">President - Electric Power
and Gas Division, Director
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1998</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>



<P align="left" style="font-size: 10pt"><B>Nominee for Election by the Holders of Limited Vote Common Stock:</B>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="90%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="35%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="43%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Director</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Name</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Age</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Position(s) with Quanta</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Since</B><HR size="1" noshade></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Vincent D. Foster
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">47</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1998</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>James R. Ball </I></B>has been a member of the Board of Directors since 1998 and
is a private investor with J. R. Ball Investments, a private investment firm.
Mr.&nbsp;Ball serves as a director of ABS Group of Companies, Inc. Mr.&nbsp;Ball holds a
Master of Science in Management degree.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>John R. Colson </I></B>has been a member of the Board of Directors since 1998 and
has served as Chairman of the Board of Directors since 2002. Mr.&nbsp;Colson has
served as our Chief Executive Officer since December&nbsp;1997. He joined PAR
Electrical Contractors, Inc. (PAR), an electrical specialty contractor and now
a subsidiary of Quanta, in 1971 and served as its President from 1991 to
December&nbsp;1997. He is currently a director of the Missouri Valley Chapter of the
National Electrical Contractors Association (NECA), a regent of the Electrical
Contracting Foundation, and, since May&nbsp;1999, a director of U. S. Concrete, Inc.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Vincent D. Foster </I></B>has been a member of the Board of Directors since 1998.
He has served as Senior Managing Director of Main Street Mezzanine Fund, L.P.
(and its predecessor firms), a venture capital firm, since 1997. Mr.&nbsp;Foster is
also a director of U. S. Concrete, Inc. and Carriage Services, Inc. Mr.&nbsp;Foster
holds a J.D. degree and is a Certified Public Accountant.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Bernard Fried </I></B>has been a member of the Board of Directors since March
2004. He has served as an advisor to the board of Citadon, Inc., a software
services provider, since November&nbsp;2003. Mr.&nbsp;Fried served as Chief Executive
Officer and President of Citadon, Inc., from 2001 until November&nbsp;2003,
Principal Vice President
and Program Manager of Bechtel Business Services, a shared services
operating unit of Bechtel Group, Inc., an


<P align="center" style="font-size: 10pt">7
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<P align="left" style="font-size: 10pt">international engineering and
construction firm, from 2000 until 2001, and Chief Financial Officer and
Managing Director of Bechtel Enterprises, Inc., a financing and development
subsidiary of Bechtel Group, Inc., from 1997 until 2000. Mr.&nbsp;Fried holds an
M.B.A. degree.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>H.&nbsp;Jarrell Gibbs </I></B>has been a member of the Board of Directors since March
2004. He served as President of TXU Corporation, an energy services company,
from 2001 until 2002, Vice Chairman of TXU Corporation, from 1997 until 2001,
President of TXU Electric Company, a power generation and electricity
distribution subsidiary of TXU Corporation, from 1995 until 1997, and Chief
Financial Officer of TXU Corporation and President of TXU Business Services
Company, an accounting, human resources, information technology, environmental
and regulatory services subsidiary of TXU Corporation, from 1991 until 1995.
Mr.&nbsp;Gibbs serves as a director of Penn Virginia Corporation. Mr.&nbsp;Gibbs holds
an M.B.A. degree.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Louis C. Golm </I></B>has been a member of the Board of Directors since July&nbsp;2002
and from May&nbsp;2001 until May&nbsp;2002. He has been an independent consultant and
senior advisor to the telecommunications and information management industries
since 1999. Mr.&nbsp;Golm serves as a director of SBS Technologies. Mr.&nbsp;Golm holds
a Master of Science in Management degree and an M.B.A. degree.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Ben A. Guill </I></B>has been a member of the Board of Directors since December
2002. He has served as President and a Managing Director of First Reserve
Corporation, a private equity firm specializing in the energy industry, since
1998. Mr.&nbsp;Guill serves as a director on the boards of Dresser, Inc.,
National-Oilwell, Inc., Superior Energy Services, Inc. and T-3 Energy Services,
Inc. Mr.&nbsp;Guill holds an M.B.A. degree.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Thomas J. Sikorski </I></B>has been a member of the Board of Directors since March
2003. He has served as a Managing Director of First Reserve Corporation, a
private equity firm specializing in the energy industry, since April&nbsp;2002.
From 1994 until 2002, Mr.&nbsp;Sikorski was a Partner with Windward Capital, a New
York-based private equity firm. Mr.&nbsp;Sikorski serves as a director of Dresser,
Inc. Mr.&nbsp;Sikorski holds an M.B.A. degree.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Gary A. Tucci </I></B>has been a member of the Board of Directors since 1998. Mr.
Tucci joined Potelco, Inc., a gas, telecommunications and power infrastructure
services provider and now a subsidiary of Quanta, in 1975 and has served as
Chief Executive Officer since November&nbsp;2002 and served as President from 1988
until November&nbsp;2002. He is a member of the Joint NECA/International
Brotherhood of Electrical Workers Apprenticeship and Training Committee as well
as the National Labor Relations Board.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>John R. Wilson </I></B>has been a member of the Board of Directors since 1998. He
has served as our President of the Electric Power and Gas Division since
January&nbsp;2003, and served as a Senior Vice President of Quanta from June&nbsp;2001
until January&nbsp;2003, as a Regional Vice President of Quanta from April&nbsp;1999
until June&nbsp;2001, and as President of PAR, an electrical specialty contractor
and now a subsidiary of Quanta, from 1997 until January&nbsp;2003. Mr.&nbsp;Wilson
joined PAR in 1977 and served as an Executive Vice President from 1991 until
1997.


<P align="center" style="font-size: 10pt"><B>We recommend a vote FOR the election of the director nominees.</B>



<P align="center" style="font-size: 10pt">8
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left">
<A name="119"></A>
</DIV>

<P align="center" style="font-size: 10pt"><B>INFORMATION CONCERNING THE BOARD OF DIRECTORS<BR>
AND COMMITTEES</B>


<DIV align="left">
<A name="120"></A>
</DIV>

<P align="left" style="font-size: 10pt"><B>Director Meetings</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During the year ended December&nbsp;31, 2003, the Board of Directors held six
meetings. All directors attended at least 75% of the meetings of the Board and
the committees of the Board, if any, on which they serve during the periods for
which they have served as a director, except for Ben A. Guill, who attended 67%
of such meetings. Quanta encourages, but does not require, the members of the
Board to attend the annual meeting of stockholders. Last year, eight of our
directors attended the annual meeting of stockholders.

<DIV align="left">
<A name="121"></A>
</DIV>

<P align="left" style="font-size: 10pt"><B>Board Structure</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As of the date of this Proxy Statement, the Board is composed of ten directors.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As a result of their initial investment, and current ownership, in Quanta,
First Reserve Fund IX, L.P. (First Reserve) has the right to designate up to
three directors to our Board of Directors. As of March&nbsp;13, 2003, First Reserve
had designated three directors, Ben A. Guill, Thomas J. Sikorski and James A.
Nattier, to the Board of Directors. Upon Mr.&nbsp;Nattier&#146;s resignation from the
Board on March&nbsp;18, 2004, First Reserve named Bernard Fried as its third
designee to our Board.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In connection with the vacancy on the Board created by Terrence P. Dunn&#146;s
decision not to stand for re-election at the 2003 annual meeting of
stockholders, on March&nbsp;18, 2004, the Board appointed H. Jarrell Gibbs as a
director to fill this vacancy.

<DIV align="left">
<A name="122"></A>
</DIV>

<P align="left" style="font-size: 10pt"><B>Committees of the Board</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The standing Committees of the Board are as follows:

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="25%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="19%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="37%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Number of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>&nbsp;</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Meetings</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>&nbsp;</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Committee</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Members</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>During 2003</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Duties of the Committee Include:</B><HR size="1" noshade></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:10px; text-indent:-10px">Audit Committee (1)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">James R. Ball*<BR>
Bernard Fried<BR>
H. Jarrell Gibbs<BR>
Louis C. Golm
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Ten
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#149;<BR><BR>
&#149;<BR>
&#149;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Monitor the quality and
integrity of Quanta&#146;s financial
statements<BR>
Appoint and compensate the
independent auditors<BR>
Review the performance of
Quanta&#146;s internal audit
function and the independent
auditors<BR></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:10px; text-indent:-10px">
</DIV></TD>
    <TD>&nbsp;</TD>

    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#149;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consider the independence and
assess the qualifications of
the independent auditors</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:10px; text-indent:-10px">Compensation<BR>
Committee (1)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">James R. Ball*<BR>
H. Jarrell Gibbs<BR>
Louis C. Golm
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Five
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#149;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Oversee the administration
of the incentive compensation
plans and the issuance of
restricted Common Stock and
granting of stock options under
Quanta&#146;s 2001 Stock Incentive
Plan (as amended from time to
time)<BR></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:10px; text-indent:-10px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#149;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Review and approve all
officers&#146; and executives&#146;
salaries, restricted Common
Stock awards and other
compensation<BR></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:10px; text-indent:-10px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#149;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Review and approve senior
executive officer employment
agreements</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt">9
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="25%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="19%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="37%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Number of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>&nbsp;</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Meetings</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>&nbsp;</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Committee</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Members</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>During 2003</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Duties of the Committee Include:</B><HR size="1" noshade></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:10px; text-indent:-10px">Governance and<BR>
Nominating<BR>
Committee
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">James R. Ball<BR>
Bernard Fried<BR>
Louis C. Golm*
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Eight
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#149;<BR><BR>
&#149;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Develop and recommend
corporate governance principles
applicable to the Board and
Quanta<BR>
Establish qualifications for
membership on the Board and its
committees<BR></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:10px; text-indent:-10px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#149;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Make recommendations
regarding persons to be
nominated for election or
re-election to the Board and
appointment to its committees<BR></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:10px; text-indent:-10px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#149;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Evaluate policies regarding
the recruitment of directors<BR></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:10px; text-indent:-10px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#149;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Review and comment upon the
CEO&#146;s nomination of executive
officers</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:10px; text-indent:-10px">Acquisitions<BR>
Committee
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">John R. Colson<BR>
Vincent D. Foster<BR>
Gary A. Tucci
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">None
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#149;<BR><BR>
&#149;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Review and monitor the
strategic direction of Quanta&#146;s
acquisition program<BR>
Approve acquisitions of
companies within certain
financial parameters<BR></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:10px; text-indent:-10px">Small Acquisitions<BR>
Committee
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">John R. Colson<BR>
Vincent D. Foster
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">None
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&#149;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Approve acquisitions of
companies within certain
financial parameters</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>




<P>
<HR size="1" width="18%" align="left" noshade>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top">
    <TD width="1%" nowrap align="right">*</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Chairman</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="right">(1)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Terrence P. Dunn served on the Audit and Compensation Committees during 2003. Mr.&nbsp;Dunn ceased to serve on
these committees at the end of the 2002-2003 director service year pursuant to his decision not to stand for
re-election at the 2003 annual meeting. James A. Nattier served on the Audit Committee during 2003. Mr.
Nattier resigned from this committee on March&nbsp;18, 2004.</TD>
</TR>

</TABLE>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During 2003, we also had an Independent Committee, composed of James R.
Ball, Terrence P. Dunn and Louis C. Golm, that was formed as a result of the
settlement of our proxy contest with Aquila, Inc. (Aquila). This committee was
discontinued in April&nbsp;2003 with Aquila&#146;s written consent.


<P align="center" style="font-size: 10pt">10
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left">
<A name="123"></A>
</DIV>

<P align="center" style="font-size: 10pt"><B>CORPORATE GOVERNANCE</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Quanta is committed to having sound corporate governance practices that
maximize shareholder value in a manner consistent with legal requirements and
the highest standard of integrity. In that regard, the Board has adopted
guidelines that provide a framework for the governance of Quanta. In addition,
Quanta continually reviews these guidelines and regularly monitors developments
in the area of corporate governance. Quanta&#146;s Corporate Governance Guidelines
are posted on our website at www.quantaservices.com under the heading
&#147;Corporate Governance,&#148; and a printed copy may be obtained without charge upon
written request to Corporate Secretary, c/o General Counsel&#146;s Office, Quanta
Services, Inc., 1360 Post Oak Blvd., Suite&nbsp;2100, Houston, Texas 77056.

<DIV align="left">
<A name="124"></A>
</DIV>

<P align="left" style="font-size: 10pt"><B>Board Independence</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Board has determined that each of the directors standing for election,
except for the three directors who are Quanta employees and Mr.&nbsp;Foster, has no
material relationship with Quanta (either directly or as a partner, shareholder
or officer of an organization that has a relationship with Quanta) and is
&#147;independent&#148; within the meaning of the NYSE&#146;s corporate governance listing
standards. The Board has made this determination based on its finding that the
independent directors meet the standards for director independence set forth in
Quanta&#146;s Corporate Governance Guidelines, which are more stringent than the
NYSE director independence standards, as currently in effect.

<DIV align="left">
<A name="125"></A>
</DIV>

<P align="left" style="font-size: 10pt"><B>Audit Committee</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Board has examined the composition of the Audit Committee in light of
the Securities and Exchange Commission (SEC)&nbsp;and NYSE rules governing audit
committees. Based upon this examination, the Board confirmed that each of the
members of the Audit Committee is &#147;independent&#148; within the meaning of SEC
regulations, the NYSE&#146;s corporate governance listing standards and Quanta&#146;s
Corporate Governance Guidelines. The Audit Committee is established in
accordance with Section&nbsp;3(a)(58)(A) of the Securities Exchange Act of 1934, as
amended (the Exchange Act). The Audit Committee operates under a formal
charter adopted by the Board of Directors that governs its duties and conduct.
The Audit Committee Charter is attached as Appendix&nbsp;A to this Proxy Statement.
It is also posted on our website at www.quantaservices.com under the heading
&#147;Corporate Governance,&#148; and a printed copy may be obtained without charge upon
written request to Corporate Secretary, c/o General Counsel&#146;s Office, Quanta
Services, Inc., 1360 Post Oak Blvd., Suite&nbsp;2100, Houston, Texas 77056. The
membership and number of meetings held during the last fiscal year and the
primary responsibilities of the Audit Committee are described in <I>&#147;Committees of
the Board&#148; </I>above. The Board has determined that Messrs.&nbsp;Fried and Gibbs are
each an &#147;audit committee financial expert&#148; within the meaning of SEC
regulations.

<DIV align="left">
<A name="126"></A>
</DIV>

<P align="left" style="font-size: 10pt"><B>Compensation Committee</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Board has determined that each of the members of the Compensation
Committee is &#147;independent&#148; within the meaning of the NYSE&#146;s corporate
governance listing standards and Quanta&#146;s Corporate Governance Guidelines. The
Compensation Committee operates under a formal charter adopted by the Board of
Directors that governs its duties and standards of performance. The
Compensation Committee Charter is posted on our website at
www.quantaservices.com under the heading &#147;Corporate Governance,&#148; and a printed
copy may be obtained without charge upon written request to Corporate
Secretary, c/o General Counsel&#146;s Office, Quanta Services, Inc., 1360 Post Oak
Blvd., Suite&nbsp;2100, Houston, Texas 77056. The membership and number of meetings
held during the last fiscal year and the primary responsibilities of the
Compensation Committee are described in <I>&#147;Committees of the Board&#148; </I>above.

<DIV align="left">
<A name="127"></A>
</DIV>

<P align="left" style="font-size: 10pt"><B>Governance and Nominating Committee</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Board has determined that each of the members of the Governance and
Nominating Committee is &#147;independent&#148; within the meaning of the NYSE&#146;s
corporate governance listing standards and Quanta&#146;s Corporate Governance
Guidelines. The Governance and Nominating Committee operates under a formal
charter adopted by the Board of Directors that governs its duties and standards
of performance. The Governance and Nominating Committee Charter is posted on
our website at www.quantaservices.com under the heading &#147;Corporate


<P align="center" style="font-size: 10pt">11
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<P align="left" style="font-size: 10pt">Governance,&#148; and a printed copy may be obtained without charge upon
written request to Corporate Secretary, c/o General Counsel&#146;s Office, Quanta
Services, Inc., 1360 Post Oak Blvd., Suite&nbsp;2100, Houston, Texas 77056. The
membership and number of meetings held during the last fiscal year and the
primary responsibilities of the Governance and Nominating Committee are
described in <I>&#147;Committees of the Board&#148; </I>above.

<DIV align="left">
<A name="128"></A>
</DIV>

<P align="left" style="font-size: 10pt"><B>Code of Ethics and Business Conduct</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Board has adopted a Code of Ethics and Business Conduct that applies
to all of Quanta&#146;s employees, including the principal executive officer,
principal financial officer and principal accounting officer or controller.
The Code of Ethics and Business Conduct is posted on our website at
www.quantaservices.com under the heading &#147;Corporate Governance,&#148; and a printed
copy may be obtained without charge upon written request to Corporate
Secretary, c/o General Counsel&#146;s Office, Quanta Services, Inc., 1360 Post Oak
Blvd., Suite&nbsp;2100, Houston, Texas 77056. We intend to post any amendments or
waivers to our Code of Ethics and Business Conduct for directors and executive
officers, including the three officers specified above, at the above location
on our website.

<DIV align="left">
<A name="129"></A>
</DIV>

<P align="left" style="font-size: 10pt"><B>Executive Sessions of Non-Management Directors</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In accordance with the NYSE corporate governance listing standards,
Quanta&#146;s non-management directors meet regularly in executive sessions without
management following each regularly scheduled Board meeting. These sessions
are presided over by a Presiding Director who is selected on a rotating basis
by the participants at each session.

<DIV align="left">
<A name="130"></A>
</DIV>

<P align="left" style="font-size: 10pt"><B>Communications with the Board</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stockholders and other interested parties may communicate with one or more
of Quanta&#146;s directors including any Presiding Director or Quanta&#146;s
non-management directors as a group, a committee or the full Board by writing
to Corporate Secretary, c/o General Counsel&#146;s Office, Quanta Services, Inc.,
1360 Post Oak Blvd., Houston, Texas 77056. All communications will be reviewed
by Quanta&#146;s Corporate Secretary and forwarded to one or more of Quanta&#146;s
directors, as appropriate.

<DIV align="left">
<A name="131"></A>
</DIV>

<P align="left" style="font-size: 10pt"><B>Director Qualifications</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Quanta&#146;s Corporate Governance Guidelines contain Board membership
qualifications that the Governance and Nominating Committee considers in
selecting nominees for Quanta&#146;s Board. Under these qualifications, members of
the Board should possess the highest standards of personal and professional
ethics, integrity and values, and be committed to representing the long-term
interests of Quanta&#146;s stockholders. They must also have an inquisitive and
objective perspective, practical wisdom, mature judgment, the willingness to
speak ones&#146; mind and the ability to challenge and stimulate management in a
constructive manner. In addition, Board members should have experience at the
policy-making level in business, government, education or technology, and in
areas that are relevant to Quanta&#146;s business. Further, they should have
demonstrated leadership skills in the organizations with which they are or have
been affiliated. Members of the Board must also be willing to devote
sufficient time to carrying out their duties and responsibilities effectively
and should be committed to serve on the Board for an extended period of time.

<DIV align="left">
<A name="132"></A>
</DIV>

<P align="left" style="font-size: 10pt"><B>Identifying and Evaluating Nominees for Directors</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Governance and Nominating Committee regularly evaluates the
appropriate size of the Board and whether any vacancies on the Board are
expected due to retirement or otherwise. In the event that vacancies are
anticipated, or otherwise arise, the Governance and Nominating Committee will
consider candidates for Board membership suggested by incumbent directors,
management, third-party search firms and others. The Governance and Nominating
Committee will also consider director nominations by stockholders that are made
in compliance with the notice provisions and procedures set forth in our
bylaws. For a discussion of these requirements, see <I>&#147;Additional Information -
Stockholder Proposals and Nomination of Directors for the 2005 Annual Meeting&#148;</I>
below<I>. </I>All applications, recommendations or proposed nominations for Board
membership received by Quanta will be referred to the Governance and Nominating
Committee. There are no differences in


<P align="center" style="font-size: 10pt">12
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<P align="left" style="font-size: 10pt">the manner in which the Governance and
Nominating Committee evaluates the qualifications of nominees for director
based on whether the nominee is recommended by a stockholder.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bernard Fried and H. Jarrell Gibbs, who were appointed as directors by the
Board in March&nbsp;2004, are standing for election by the stockholders for the
first time. Quanta hired a third-party search firm to help identify and
facilitate the screening and interview process of potential director nominees
and this search firm identified and recommended Messrs.&nbsp;Fried and Gibbs. The
search firm screened candidates, conducted reference checks, prepared a
biography of each candidate for the Governance and Nominating Committee to
review and helped coordinate interviews.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Once the Governance and Nominating Committee has identified a potential
director nominee, the committee makes an initial determination as to whether to
conduct a full evaluation of the candidate. This initial determination is
based on whatever information is provided to the committee with the
recommendation of the candidate, as well as the committee&#146;s own knowledge of
the candidate, which may be supplemented by inquiries to the person making the
recommendation or others. If the committee determines that additional
consideration is warranted, the committee then will evaluate the extent to
which the candidate meets the Board membership qualifications described in
<I>&#147;Director Qualifications&#148; </I>above.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Governance and Nominating Committee also considers other relevant
factors it deems appropriate, including the current composition of the Board,
the balance of management and independent directors, the need for a certain
Board committee expertise, and the nature and extent of a candidate&#146;s
activities unrelated to Quanta including service as a director on the boards of
other public companies. In connection with this evaluation, the committee
determines whether to interview the candidate, and, if warranted, the committee
interviews the candidate in person or by telephone. The committee may also ask
the candidate to meet with members of Quanta management. After completing this
evaluation and interview, if the committee believes the candidate would be a
valuable addition to the Board, it will recommend to the Board the candidate&#146;s
nomination for appointment or election as a director.

<DIV align="left">
<A name="133"></A>
</DIV>

<P align="left" style="font-size: 10pt"><B>Director Compensation</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Governance and Nominating Committee has the responsibility of
recommending non-employee directors&#146; compensation and benefits to the Board.
The committee is guided by certain director compensation principles set forth
in Quanta&#146;s Corporate Governance Guidelines. Directors who also are employees
of Quanta or any of its subsidiaries do not receive additional compensation for
serving as directors. Each non-employee director receives a fee for attendance
at each meeting of the Board of Directors or any committee according to the
following schedule: $2,000 for attendance at a board meeting in person; $1,000
for attendance at a board meeting by telephone; $1,000 for attendance at a
committee meeting in person; $500 for attendance at a committee meeting by
telephone; and $500 additional compensation for attendance at a committee
meeting by the committee chairman. Upon initial appointment to the Board of
Directors other than at an annual meeting of stockholders, for the period from
the appointment through the end of the director service year during which the
appointment is made, each such initially appointed non-employee director
receives a pro rata portion of both (i)&nbsp;an annual cash retainer payment of
$30,000 and (ii)&nbsp;an annual award of shares of restricted Common Stock having a
value of $60,000. Upon the appointment of Messrs.&nbsp;Fried and Gibbs to the Board
on March&nbsp;18, 2004, each received a prorated cash retainer payment of $6,165 and
a prorated award of shares of restricted Common Stock having a value of
$12,330. Upon initial election to the Board of Directors at an annual meeting
of stockholders, each such initially elected non-employee director receives an
annual cash retainer payment of $30,000 and an annual award of shares of
restricted Common Stock having a value of $120,000. At every annual meeting of
stockholders at which a non-employee director is re-elected or remains a
director, each such re-elected or remaining non-employee director receives an
annual cash retainer payment of $30,000 and an annual award of shares of
restricted Common Stock having a value of $60,000. Directors are reimbursed
for reasonable out-of-pocket expenses incurred in attending meetings of the
Board of Directors or the committees thereof, and for other expenses reasonably
incurred in their capacity as directors of Quanta. Currently, seven
non-employee directors are standing for election at this meeting.


<P align="center" style="font-size: 10pt">13
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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left">
<A name="134"></A>
</DIV>

<P align="center" style="font-size: 10pt"><B>EXECUTIVE OFFICERS</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our current executive officers are as follows:

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="28%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="59%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Name</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Age</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Position(s) with Quanta</B><HR size="1" noshade></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">John R. Colson
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">56</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chief Executive Officer, Chairman of the Board of
Directors</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">James H. Haddox
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">55</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chief Financial Officer</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">John R. Wilson
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">54</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">President - Electric Power and Gas Division, Director</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Luke T. Spalj
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">39</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">President - Telecommunications and Cable TV Division</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Dana A. Gordon
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">36</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Vice President, General Counsel and Secretary</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Derrick A. Jensen
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">33</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Vice President, Controller and Chief Accounting Officer</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Nicholas M. Grindstaff
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">41</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Treasurer</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Benadetto G. Bosco
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">46</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Senior Vice President - Outsourcing</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Dennis M. Klumb
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">44</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Senior Vice President - Gas Operations, President and
General Counsel of Arby Construction, Inc.</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">James F. O&#146;Neil III
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">45</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Senior Vice President - Operations Integration and Audit</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Elliott C. Robbins
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">57</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Senior Vice President - Operations</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Gary W. Smith
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">46</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Senior Vice President, President of Manuel Brothers, Inc.</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Darren B. Miller
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">44</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Vice President - Information Technology and
Administration</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>

<P>
<HR noshade size="1" width="10%" align="left">

<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For a description of the business background of Messrs.&nbsp;Colson and Wilson,
see <I>&#147;Election of Directors&#148; </I>above.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>James H. Haddox </I></B>has served as our Chief Financial Officer since November
1997, and served as Secretary from December&nbsp;1997 until March&nbsp;1999 and as
Treasurer from December&nbsp;1997 until September&nbsp;1999. Mr.&nbsp;Haddox is a Certified
Public Accountant.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Luke T. Spalj </I></B>has served as our President of the Telecommunications and
Cable TV Division since January&nbsp;2003, and served as a Senior Vice President of
Quanta from June&nbsp;2001 until January&nbsp;2003 and as a Regional Vice President from
May&nbsp;2000 until June&nbsp;2001. Mr.&nbsp;Spalj joined Spalj Construction Company, a
telecommunications construction company and now a subsidiary of Quanta, in 1990
and served as its Chief Operating Officer from 1992 until January&nbsp;2003. He
serves as a director of 1st National Bank of Deerwood (Minnesota) and the Power
and Communication Contractors Association. Mr.&nbsp;Spalj is a Registered
Professional Engineer.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Dana A. Gordon </I></B>has served as our Vice President, General Counsel and
Secretary since January&nbsp;2001 and as our Chief Compliance Officer since August
2002, and served as Associate General Counsel from August&nbsp;1999 until December
2000. From 1996 until joining Quanta, Ms.&nbsp;Gordon was an associate in the
corporate department of the law firm of Weil, Gotshal &#038; Manges LLP. Ms.&nbsp;Gordon
holds a J.D. degree.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Derrick A. Jensen </I></B>has served as our Vice President and Controller since
December&nbsp;1997 and as our Chief Accounting Officer since March&nbsp;1999. Mr.&nbsp;Jensen
is a Certified Public Accountant.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Nicholas M. Grindstaff </I></B>has served as our Treasurer since October&nbsp;1999 and
served as our Assistant Treasurer from March&nbsp;1999 until September&nbsp;1999. Mr.
Grindstaff holds a Master of Science in Accounting degree.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Benadetto G. Bosco </I></B>has served as our Senior Vice President of Outsourcing
since April&nbsp;2003 and served as our Vice President of Outsourcing from July&nbsp;2002
until April&nbsp;2003. From 1997 until joining Quanta, he served as Vice President
of Network/National Sales for Exelon Infrastructure Services, Inc., a provider
of transmission and distribution infrastructure services to electrical, gas,
telecommunications and cable industries. Mr.&nbsp;Bosco holds an M.B.A. degree.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Dennis M. Klumb </I></B>has served as our Senior Vice President of Gas Operations
since January&nbsp;2003 and as President and General Counsel of Arby Construction,
Inc., a gas specialty contractor and now a subsidiary of Quanta, since April
2001, and served as Vice President and General Counsel of Arby Construction,
Inc. from


<P align="center" style="font-size: 10pt">14
</DIV>

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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<P align="left" style="font-size: 10pt">1996 until April&nbsp;2001. Mr.&nbsp;Klumb currently sits on the board of directors
and serves on the government relations and labor committees of the Distribution
Contractors Association and serves as a trustee for the National Distribution
Pipeline Industry Communications and Productivity Fund. Mr.&nbsp;Klumb also serves
on the board of directors of the Wisconsin Underground Contractors Association.
Mr.&nbsp;Klumb holds a J.D. degree.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>James F. O&#146;Neil III </I></B>has served as our Senior Vice President of Operations
Integration and Audit since December&nbsp;2002 and served as our Vice President of
Operations Integration from August&nbsp;1999 until December&nbsp;2002. From 1980 until
1999, Mr.&nbsp;O&#146;Neil held various positions with Halliburton Company, a provider of
products and services to the petroleum and energy industries, most recently as
Director, Global Deepwater Development.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Elliott C. Robbins </I></B>has served as our Senior Vice President of Operations
since October&nbsp;1999 and served as Chief Executive Officer of Intermountain
Electric, Inc., an electrical specialty contractor and now a subsidiary of
Quanta, from 1998 until September&nbsp;1999. Mr.&nbsp;Robbins is a Certified Public
Accountant and a member of the America Institute of Certified Public
Accountants and the Illinois CPA Society.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Gary W. Smith </I></B>has served as a Senior Vice President of Quanta since June
2001 and as President of Manuel Brothers, Inc., an underground utilities
contractor and now a subsidiary of Quanta, since 1998. Mr.&nbsp;Smith joined Manuel
Brothers, Inc. in 1982 and served as Vice President from 1996 to 1998.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Darren B. Miller </I></B>has served as our Vice President of Information
Technology and Administration since October&nbsp;2003. From 1996 until May&nbsp;2003,
Mr.&nbsp;Miller held various positions with Encompass Services Corporation, a
provider of facilities systems and services to the construction, healthcare,
commercial realty and technology industries, most recently as Senior Vice
President and Chief Financial Officer. Encompass Services Corporation filed
for Chapter&nbsp;11 bankruptcy in November&nbsp;2002.


<P align="center" style="font-size: 10pt">15
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left">
<A name="135"></A>
</DIV>

<P align="center" style="font-size: 10pt"><B>EXECUTIVE COMPENSATION AND OTHER MATTERS</B>


<DIV align="left">
<A name="136"></A>
</DIV>

<P align="left" style="font-size: 10pt"><B>Summary Compensation Table</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table sets forth the compensation paid or accrued by Quanta
in each of the last three fiscal years to our Chief Executive Officer, the four
other highest-paid executive officers in 2003 and one additional individual who
would have been one of the four other highest paid executive officers, but for
the fact that he was not serving as an executive officer of Quanta at December
31, 2003 (the Named Executive Officers):

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="41%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="13%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Long-Term Compensation</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>&nbsp;</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Annual Compensation</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Awards</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>&nbsp;</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Securities</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>&nbsp;</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Restricted</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Underlying</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>&nbsp;</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Stock</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Options/</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>All Other</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Name and Principal Position</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Year</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Salary ($)</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Bonus ($)</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Award(s)($)(1)</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>SARs (#)(2)</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Compensation ($)(3)</B><HR size="1" noshade></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:10px; text-indent:-10px">John R. Colson<BR>
Chief Executive Officer
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">2003<BR>
2002<BR>
2001
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">538,750<BR>
437,501<BR>
306,250
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">0<BR>
0<BR>
0
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">667,045 (4)
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-<BR>
75,000<BR>
100,000
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">9,000<BR>
8,500<BR>
7,650</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:10px; text-indent:-10px">James H. Haddox<BR>
Chief Financial Officer
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">2003<BR>
2002<BR>
2001
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">293,125<BR>
266,251<BR>
241,875
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">0<BR>
0<BR>
100,000
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">486,241 (5)
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-<BR>
50,000<BR>
50,000
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">9,000<BR>
8,500<BR>
7,650</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:10px; text-indent:-10px">John R. Wilson<BR>
President &#151; Electric Power
and Gas Division
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">2003<BR>
2002<BR>
2001
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">300,000<BR>
226,250<BR>
198,374
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">0<BR>
27,000<BR>
165,560
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">392,814 (6)
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-<BR>
20,000<BR>
20,000
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">9,000<BR>
8,500<BR>
7,650</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:10px; text-indent:-10px">Luke T. Spalj<BR>
President &#151; Telecommunications
and Cable TV Division
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">2003<BR>
2002<BR>
2001
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">300,000<BR>
193,750<BR>
167,084
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">0<BR>
0<BR>
15,000
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">368,701 (7)
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-<BR>
15,000<BR>
15,000
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">9,000<BR>
8,500<BR>
7,650</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:10px; text-indent:-10px">Frederick M. Haag (8)<BR>
Senior Vice President
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">2003<BR>
2002<BR>
2001
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">261,651<BR>
245,000<BR>
188,838
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">0<BR>
0<BR>
218,573
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">94,427 (9)
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-<BR>
23,100<BR>
28,600
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">5,788<BR>
8,385<BR>
6,813</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:10px; text-indent:-10px">Elliott C. Robbins<BR>
Senior Vice President
- Operations
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">2003<BR>
2002<BR>
2001
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">212,680<BR>
206,000<BR>
187,500
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">0<BR>
0<BR>
50,000
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">210,716 (10)
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">-<BR>
15,000<BR>
10,000
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">9,000<BR>
8,500<BR>
7,650</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>




<P>
<HR size="1" width="18%" align="left" noshade>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top">
    <TD width="1%" nowrap align="right">(1)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Represents the market value of awards of restricted Common Stock on the date of award. Unless otherwise noted, the shares of restricted Common Stock vest over three
years in three equal annual installments commencing on the applicable vest date for the quarter in which the award is made, assuming the executive officer continues to meet
the requirements for vesting. Dividends are paid on restricted Common Stock as and when dividends are paid on Common Stock.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="right">(2)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">On January&nbsp;21, 2003, we offered eligible employees and consultants the opportunity to exchange eligible stock options for shares of restricted Common Stock. On March&nbsp;10,
2003, we accepted for exchange and cancelled eligible options tendered by employees and consultants, including those tendered by the Named Executive Officers, at an exchange
ratio of one share of restricted Common Stock for every 2.24 option shares tendered. For a further description of the exchange offer, see <I>&#147;2001 Stock Incentive Plan&#148; </I>below.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="right">(3)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Represents Quanta&#146;s contribution to the individual&#146;s 401(k) Plan.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="right">(4)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">On March&nbsp;10, 2003, Mr.&nbsp;Colson received 226,117 shares of restricted Common Stock pursuant to the exchange offer, described in footnote (2)&nbsp;above and <I>&#147;2001 Stock Incentive
Plan&#148; </I>below. As of December&nbsp;31, 2003, Mr.&nbsp;Colson held 226,117 shares of restricted Common Stock with a market value of $1,650,654.</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt">16
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">





<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top">
    <TD width="1%" nowrap align="right">(5)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">On March&nbsp;10, 2003, Mr.&nbsp;Haddox received 111,607 shares of restricted Common
Stock pursuant to the exchange offer, described in footnote (2)&nbsp;above and <I>&#147;2001
Stock Incentive Plan&#148; </I>below. On March&nbsp;17, 2003, Mr.&nbsp;Haddox received an
additional 50,000 shares of restricted Common Stock in exchange for the
relinquishment of certain rights under his original employment agreement.
These 50,000 shares of restricted Common Stock fully vested on February&nbsp;28,
2004. As of December&nbsp;31, 2003, Mr.&nbsp;Haddox held 161,607 shares of restricted
Common Stock with a market value of $1,179,731.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="right">(6)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">On January&nbsp;2, 2003, Mr.&nbsp;Wilson was awarded 50,000 shares of restricted
Common stock. On March&nbsp;10, 2003, Mr.&nbsp;Wilson received an additional 69,598
shares of restricted Common Stock pursuant to the exchange offer, described in
footnote (2)&nbsp;above and <I>&#147;2001 Stock Incentive Plan&#148; </I>below. As of December&nbsp;31,
2003, Mr.&nbsp;Wilson held 119,598 shares of restricted Common Stock with a market
value of $873,065.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="right">(7)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">On January&nbsp;2, 2003, Mr.&nbsp;Spalj was awarded 50,000 shares of restricted
Common Stock. On March&nbsp;10, 2003, Mr.&nbsp;Spalj received an additional 61,424
shares of restricted Common Stock pursuant to the exchange offer, described in
footnote (2)&nbsp;above and <I>&#147;2001 Stock Incentive Plan&#148; </I>below. As of December&nbsp;31,
2003, Mr.&nbsp;Spalj held 111,424 shares of restricted Common Stock with a market
value of $813,395.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="right">(8)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Mr.&nbsp;Haag ceased serving as an executive officer of Quanta in October&nbsp;2003.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="right">(9)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">On March&nbsp;10, 2003, Mr.&nbsp;Haag received 32,009 shares of restricted Common
Stock pursuant to the exchange offer, described in footnote (2)&nbsp;above and &#147;<I>2001
Stock Incentive Plan</I>&#148; below. As of December&nbsp;31, 2003, Mr.&nbsp;Haag held 32,009
shares of restricted Common Stock with a market value of $233,666.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="right">(10)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">On March&nbsp;10, 2003, Mr.&nbsp;Robbins received 71,429 shares of restricted Common
Stock pursuant to the exchange offer, described in footnote (2)&nbsp;above and
<I>&#147;2001 Stock Incentive Plan&#148; </I>below. As of December&nbsp;31, 2003, Mr.&nbsp;Robbins held
71,429 shares of restricted Common Stock with a market value of $521,432.</TD>
</TR>

</TABLE>


<DIV align="left">
<A name="137"></A>
</DIV>

<P align="left" style="font-size: 10pt"><B>2003 Stock Option Exercises and Year-End Option Values</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table sets forth for each of the Named Executive Officers
information concerning the exercise of options during fiscal year 2003 and the
number and value of securities underlying unexercised options held by the Named
Executive Officer at December&nbsp;31, 2003:

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="33%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7"><B>Number of Securities Underlying</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7"><B>Value of Unexercised In-the-</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7"><B>Unexercised</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7"><B>Money Options at</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Shares</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7"><B>Options at December 31, 2003(#)(1)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7"><B>December 31, 2003($)(2)</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Acquired on</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Value</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7"><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7"><HR size="1" noshade></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B> Name</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Exercise (#)</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Realized($)</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Exercisable</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Unexercisable</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Exercisable</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Unexercisable</B><HR size="1" noshade></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">John R. Colson</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">James H. Haddox</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">93,750</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">121,875</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">John R. Wilson</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Luke T. Spalj</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Frederick M. Haag.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Elliott C. Robbins</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>




<P>
<HR size="1" width="18%" align="left" noshade>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top">
    <TD width="1%" nowrap align="right">(1)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">On January&nbsp;21, 2003, we offered eligible employees and consultants the opportunity to exchange eligible stock options for shares of restricted
Common Stock. On March&nbsp;10, 2003, we accepted for exchange and cancelled eligible options tendered by employees and consultants, including those
tendered by the Named Executive Officers, at an exchange ratio of one share of restricted Common Stock for every 2.24 option shares tendered. For a
further description of the exchange offer, see <I>&#147;2001 Stock Incentive Plan&#148; </I>below.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="right">(2)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">The closing price of our Common Stock on December&nbsp;31, 2003 was $7.30.</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt">17
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">





<DIV align="left">
<A name="138"></A>
</DIV>

<P align="left" style="font-size: 10pt"><B>Ten-Year Option/SAR Repricings</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table sets forth certain information regarding options held
by our executive officers that were exchanged for shares of restricted Common
Stock pursuant to Quanta&#146;s stock option exchange offer, described in <I>&#147;2001
Stock Incentive Plan&#148; </I>below. The related report on repricing by our
Compensation Committee is included in <I>&#147;Report from the Compensation Committee
Regarding Executive Compensation - Stock Option Exchange Offer&#148; </I>below.

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="46%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Number of</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Length of</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Securities</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Market Price</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Original</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Underlying</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>of Stock at</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Exercise Price</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Option Term</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Options/SARs</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Time of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>at Time of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Remaining at</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Repriced or</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Repricing</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Repricing</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Date of Repricing</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Name</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Date</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Amended(#)</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>or Amendment ($)</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>or Amendment ($)</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>or Amendment</B><HR size="1" noshade></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:10px; text-indent:-10px">John R. Colson<BR>
Chief Executive Officer
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">03/10/03<BR>
03/10/03<BR>
03/10/03<BR>
03/10/03<BR>
03/10/03
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">150,000<BR>
150,000<BR>
31,503<BR>
100,000<BR>
75,000
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">2.95<BR>
2.95<BR>
2.95<BR>
2.95<BR>
2.95
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">18.08<BR>
23.54<BR>
23.54<BR>
27.51<BR>
16.41
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">60&nbsp;months
72&nbsp;months
72&nbsp;months
84&nbsp;months
97&nbsp;months</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:10px; text-indent:-10px">Dana A. Gordon<BR>
Vice President, General Counsel
and Secretary
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">03/10/03<BR>
03/10/03<BR>
03/10/03<BR>
03/10/03<BR>
03/10/03
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">28,125<BR>
9,000<BR>
25,000<BR>
10,000<BR>
10,000
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">2.95<BR>
2.95<BR>
2.95<BR>
2.95<BR>
2.95
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">21.58<BR>
23.54<BR>
28.88<BR>
27.51<BR>
16.41
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">65&nbsp;months
72&nbsp;months
82&nbsp;months
84&nbsp;months
97&nbsp;months</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:10px; text-indent:-10px">Nicholas M. Grindstaff<BR>
Treasurer
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">03/10/03<BR>
03/10/03<BR>
03/10/03<BR>
03/10/03
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">22,500<BR>
7,500<BR>
5,000<BR>
5,000
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">2.95<BR>
2.95<BR>
2.95<BR>
2.95
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">17.92<BR>
23.54<BR>
27.51<BR>
16.41
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">60&nbsp;months
72&nbsp;months
84&nbsp;months
97&nbsp;months</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:10px; text-indent:-10px">Frederick M. Haag (1)<BR>
Senior Vice President
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">03/10/03<BR>
03/10/03<BR>
03/10/03<BR>
03/10/03<BR>
03/10/03<BR>
03/10/03
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">5,000<BR>
15,000<BR>
13,600<BR>
15,000<BR>
8,100<BR>
15,000
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">2.95<BR>
2.95<BR>
2.95<BR>
2.95<BR>
2.95<BR>
2.95
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">43.69<BR>
43.69<BR>
27.51<BR>
23.70<BR>
12.15<BR>
16.41
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">77&nbsp;months
77&nbsp;months
84&nbsp;months
88&nbsp;months
95&nbsp;months
97&nbsp;months</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:10px; text-indent:-10px">James H. Haddox<BR>
Chief Financial Officer
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">03/10/03<BR>
03/10/03<BR>
03/10/03<BR>
03/10/03
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">75,000<BR>
75,000<BR>
50,000<BR>
50,000
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">2.95<BR>
2.95<BR>
2.95<BR>
2.95
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">18.08<BR>
23.54<BR>
27.51<BR>
16.41
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">60&nbsp;months
72&nbsp;months
84&nbsp;months
97&nbsp;months</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:10px; text-indent:-10px">Derrick A. Jensen<BR>
Vice President, Controller and
Chief Accounting Officer
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">03/10/03<BR>
03/10/03<BR>
03/10/03<BR>
03/10/03
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">30,000<BR>
30,000<BR>
30,000<BR>
30,000
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">2.95<BR>
2.95<BR>
2.95<BR>
2.95
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">18.08<BR>
23.54<BR>
27.51<BR>
16.41
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">60&nbsp;months
72&nbsp;months
84&nbsp;months
97&nbsp;months</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:10px; text-indent:-10px">Dennis M. Klumb<BR>
Senior Vice President &#151; Gas
Operations
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">03/10/03<BR>
03/10/03<BR>
03/10/03
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">500<BR>
2,500<BR>
1,000
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">2.95<BR>
2.95<BR>
2.95
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">27.51<BR>
22.91<BR>
12.15
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">84&nbsp;months
85&nbsp;months
95&nbsp;months</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt">18
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="46%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Number of</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Length of</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Securities</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Market Price</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Original</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Underlying</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>of Stock at</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Exercise Price</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Option Term</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Options/SARs</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Time of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>at Time of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Remaining at</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Repriced or</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Repricing</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Repricing</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Date of Repricing</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Name</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Date</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Amended(#)</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>or Amendment ($)</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>or Amendment ($)</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>or Amendment</B><HR size="1" noshade></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:10px; text-indent:-10px">James F. O&#146;Neil III<BR>
Senior Vice President -<BR>
Operations Integration and
Audit
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">03/10/03<BR>
03/10/03<BR>
03/10/03
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">37,500<BR>
9,000<BR>
7,000
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">2.95<BR>
2.95<BR>
2.95
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">20.42<BR>
27.51<BR>
16.41
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">65&nbsp;months
84&nbsp;months
97&nbsp;months</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:10px; text-indent:-10px">Elliott C. Robbins<BR>
Senior Vice President -
Operations
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">03/10/03<BR>
03/10/03<BR>
03/10/03<BR>
03/10/03
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">90,000<BR>
45,000<BR>
10,000<BR>
15,000
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">2.95<BR>
2.95<BR>
2.95<BR>
2.95
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">23.58<BR>
18.50<BR>
27.51<BR>
16.41
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">65&nbsp;months
67&nbsp;months
84&nbsp;months
97&nbsp;months</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:10px; text-indent:-10px">Gary W. Smith<BR>
Senior Vice President
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">03/10/03<BR>
03/10/03<BR>
03/10/03
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">5,000<BR>
15,000<BR>
15,000
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">2.95<BR>
2.95<BR>
2.95
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">23.54<BR>
23.70<BR>
16.41
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">72&nbsp;months
88&nbsp;months
97&nbsp;months</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:10px; text-indent:-10px">Luke T. Spalj<BR>
President &#151; Telecommunications
and Cable TV Division
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">03/10/03<BR>
03/10/03<BR>
03/10/03<BR>
03/10/03<BR>
03/10/03<BR>
03/10/03<BR>
03/10/03
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">20,475<BR>
22,500<BR>
14,615<BR>
50,000<BR>
12,500<BR>
2,500<BR>
15,000
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">2.95<BR>
2.95<BR>
2.95<BR>
2.95<BR>
2.95<BR>
2.95<BR>
2.95
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">14.71<BR>
18.08<BR>
23.54<BR>
43.94<BR>
27.51<BR>
23.70<BR>
16.41
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">58&nbsp;months
60&nbsp;months
72&nbsp;months
75&nbsp;months
84&nbsp;months
88&nbsp;months
97&nbsp;months</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:10px; text-indent:-10px">John R. Wilson<BR>
President &#151; Electric Power and
Gas Division
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">03/10/03<BR>
03/10/03<BR>
03/10/03<BR>
03/10/03<BR>
03/10/03<BR>
03/10/03<BR>
03/10/03<BR>
03/10/03<BR>
03/10/03<BR>
03/10/03
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">7,650<BR>
75,000<BR>
18,750<BR>
10,000<BR>
4,500<BR>
12,500<BR>
5,000<BR>
2,500<BR>
5,000<BR>
15,000
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">2.95<BR>
2.95<BR>
2.95<BR>
2.95<BR>
2.95<BR>
2.95<BR>
2.95<BR>
2.95<BR>
2.95<BR>
2.95
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">18.08<BR>
16.13<BR>
23.54<BR>
23.54<BR>
23.54<BR>
27.51<BR>
27.51<BR>
23.70<BR>
12.15<BR>
16.41
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">60&nbsp;months
62&nbsp;months
72&nbsp;months
72&nbsp;months
72&nbsp;months
84&nbsp;months
84&nbsp;months
88&nbsp;months
95&nbsp;months
97&nbsp;months</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>




<P>
<HR size="1" width="18%" align="left" noshade>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top">
    <TD width="1%" nowrap align="right">(1)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Mr.&nbsp;Haag ceased serving as an executive officer of Quanta in October&nbsp;2003.</TD>
</TR>

</TABLE>


<DIV align="left">
<A name="139"></A>
</DIV>

<P align="left" style="font-size: 10pt"><B>Employment Agreements</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The employment agreements currently in effect for Messrs.&nbsp;Colson, Haddox,
Wilson, Spalj and Haag prohibit each of them from disclosing our confidential
information and trade secrets and generally restrict these individuals from
competing with us for a period of one year after the termination of the
individual&#146;s employment. Each of these agreements has an initial term of three
years, provides for an automatic annual extension at the end of its initial
term and is terminable by us for &#147;good cause&#148; (as defined in the employment
agreements) and, except in the case of Mr.&nbsp;Haag, by the employee for &#147;good
reason&#148; (as defined in the employment agreements) upon ten days&#146; written notice
and by either party without good cause upon thirty days&#146; written notice. The
employment agreements generally provide that if the executive&#146;s employment is
terminated by us without good cause, the executive will be entitled to receive
a lump-sum severance payment on the effective date of termination equal to the
executive&#146;s base salary at the rate then in effect for, in the case of Messrs.
Colson, Haddox, Wilson and Spalj, the greater of (i)&nbsp;the time period remaining
under the initial term or then current renewal term of the agreement and (ii)
one year, or, in the case of Mr.&nbsp;Haag, the time period remaining under the
initial term or then current renewal term of his agreement. In addition, the
employment agreements with Messrs.&nbsp;Colson, Haddox, Wilson


<P align="center" style="font-size: 10pt">19
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<P align="left" style="font-size: 10pt">and Spalj generally provide that in the event of termination without good
cause, the non-competition provisions of the agreements will not apply for any
time period that the employee is not receiving or has not received severance
compensation.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The employment agreements with Messrs.&nbsp;Colson, Haddox, Wilson and Spalj
contain certain change in control provisions, one of which provides that in the
event that an acquiring entity does not give us and the executive notice five
business days prior to closing of the transaction resulting in the change in
control (as defined in the employment agreements) of the acquiring entity&#146;s
willingness to assume the obligations of the executive&#146;s employment agreement,
the change in control will be deemed a termination of the employment agreement
by us without good cause. In this instance, the provisions that restrict
competition with us will not apply, and the executive will be entitled to
receive a lump-sum severance payment on the effective date of termination equal
to three times the sum of the executive&#146;s base salary at the rate then in
effect and the greater of (i)&nbsp;the highest annual bonus paid to the executive
under Quanta&#146;s annual bonus plan for the past three fiscal years and (ii)&nbsp;the
executive&#146;s annual bonus paid or payable under Quanta&#146;s annual bonus plan for
the most recently completed or current fiscal year.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The employment agreements with Messrs.&nbsp;Colson, Haddox, Wilson and Spalj
also provide that if within one year following a change in control the
executive terminates his agreement for good reason, or the executive&#146;s
employment is terminated by us without good cause, the provisions that restrict
competition with us will not apply, and the executive will be entitled to
receive the lump-sum severance payment described in the preceding paragraph.
In addition, the employment agreement with Mr.&nbsp;Haddox provides that he may
elect to terminate his agreement pursuant to the occurrence of a change in
control by providing written notice at least five business days prior to
closing of the transaction giving rise to the change in control. In this
instance, the provisions that restrict competition with us will not apply, and
Mr.&nbsp;Haddox will be entitled to receive the lump-sum severance payment described
in the preceding paragraph.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We also have entered into change of control employment agreements with
Messrs.&nbsp;Colson, Haddox, Wilson, Spalj, Robbins and Haag and certain other key
corporate and operating unit employees, a number of who had pre-existing
employment contracts. The change of control employment agreements will become
effective upon a &#147;change of control&#148; (as defined in the change of control
employment agreements) of Quanta. The change of control employment agreements
provide that, following a change of control, if Quanta terminates the
executive&#146;s employment other than for &#147;cause&#148; (as defined in the change of
control employment agreements), the executive terminates his employment for
&#147;good reason&#148; (as defined in the change of control employment agreements) or
the executive&#146;s employment terminates due to death or disability, Quanta will
pay certain amounts to the executive that vary with the level of the
executive&#146;s responsibility and the terms of the executive&#146;s prior employment
arrangements.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The change of control employment agreements provide for payment of an
amount equal to all salary, bonus and other compensation due the executive at
termination, plus, in the case of Mr.&nbsp;Robbins and certain other employees, two
or, in the case of Messrs.&nbsp;Colson, Haddox, Wilson, Spalj and Haag and certain
other employees, three times the sum of the executive&#146;s base salary and highest
annual bonus (as defined in the change of control employment agreements).
Additionally, all stock options, restricted stock or other awards made under
Quanta&#146;s stock incentive plans will become fully vested, and the executive&#146;s
outstanding stock options will remain exercisable as if the executive remained
employed by Quanta for, in the case of Mr.&nbsp;Robbins and certain other employees,
two or, in the case of Messrs.&nbsp;Colson, Haddox, Wilson, Spalj and Haag and
certain other employees, three years following the executive&#146;s termination.
The change of control employment agreements also provide that Quanta will
continue the executive&#146;s health and welfare benefits for, in the case of Mr.
Robbins and certain other employees, two or, in the case of Messrs.&nbsp;Colson,
Haddox, Wilson, Spalj and Haag and certain other employees, three years after
the executive&#146;s termination. The executive also will be considered to have
remained employed for purposes of determining eligibility for retiree medical
benefits until the expiration of, in the case of Mr.&nbsp;Robbins and certain other
employees, two or, in the case of Messrs.&nbsp;Colson, Haddox, Wilson, Spalj and
Haag and certain other employees, three years following the executive&#146;s
termination. Quanta will also provide the executive with outplacement services
as selected by the executive.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The change of control employment agreements also provide that Quanta will
make a gross up payment to the executive if payments under the change of
control employment agreement (or otherwise) would be deemed


<P align="center" style="font-size: 10pt">20
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<P align="left" style="font-size: 10pt">&#147;excess parachute payments&#148; under Internal Revenue Code Section&nbsp;280G and
subject to the excise tax imposed by Internal Revenue Code Section&nbsp;4999 in an
amount equal to the excise tax imposed upon the payments.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The change of control employment agreements with Messrs.&nbsp;Haddox, Wilson,
Spalj and Haag also provide that Quanta will make the payments described above
if the executive terminates his employment for any reason at all during a
30-day period beginning six months after the date of the change of control.
Mr.&nbsp;Colson previously voluntarily relinquished his right to receive the payment
described above. In addition, to conform Mr.&nbsp;Haddox&#146;s change of control
employment agreement to his existing employment arrangements, Mr.&nbsp;Haddox&#146;s
change of control employment agreement also provides that Quanta will make
these payments if he terminates his employment for any reason during the
five-day period immediately before the date of the change of control. All of
the change of control employment agreements provide that Quanta will make the
payments described above if, within three years following a change of control,
the executive terminates his employment for good reason, the executive is
terminated other than for cause or the executive&#146;s employment terminates due to
death or disability.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In order to preserve for Quanta the benefit of non-competition agreements
and other restrictive covenants of Messrs.&nbsp;Wilson, Spalj and Haag and certain
other employees that were entered into in connection with the acquisition of
those executives&#146; businesses, their change of control employment agreements
provide that those covenants will not cease upon the voluntary termination of
the executive&#146;s employment during the 30-day period described above. In the
case of Messrs.&nbsp;Haddox and Robbins and certain other employees, their change of
control employment agreements provide that the covenant of non-competition, and
any other restrictive covenants applicable to the executive under any
employment or other agreement between Quanta and the executive, will cease to
apply effective as of the termination of the executive&#146;s employment.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On March&nbsp;17, 2003, Mr.&nbsp;Haddox relinquished certain rights under his
original employment agreement in exchange for an award of 50,000 shares of
restricted Common Stock.

<DIV align="left">
<A name="140"></A>
</DIV>

<P align="left" style="font-size: 10pt"><B>2001 Stock Incentive Plan</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In December&nbsp;1997, the Board of Directors adopted, and the stockholders of
Quanta approved, the 1997 Stock Option Plan to provide directors, key
employees, officers and certain advisors with additional incentives by
increasing their proprietary interest in Quanta. The 1997 Stock Option Plan
was amended from time to time and, in May&nbsp;2001, was amended and renamed the
2001 Stock Incentive Plan (the 2001 Plan). The 2001 Plan has been amended from
time to time and, most recently, was amended and restated on March&nbsp;13, 2003,
which amendment and restatement, in addition to incorporating all prior
amendments, removed the formula stock option grant to non-employee directors
and provided the Chief Executive Officer limited authority to make restricted
Common Stock awards. The aggregate number of shares of Common Stock of Quanta
with respect to which options or restricted Common Stock may be awarded may not
exceed the greater of 3,571,275 shares or 12% of the outstanding shares of
Stock (as defined in the 2001 Plan). On February&nbsp;27, 1998 and on March&nbsp;3,
2003, Quanta filed a Registration Statement on Form S-8 with respect to
2,380,850 and 9,839,668 shares, respectively, of Common Stock issuable pursuant
to the 2001 Plan.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The 2001 Plan provides for the award of incentive stock options (ISOs) as
defined in Section&nbsp;422 of the Internal Revenue Code of 1986, as amended,
non-qualified stock options and restricted Common Stock (collectively, the
Awards). The amount of ISOs that may be awarded under the 2001 Plan is limited
to 3,571,275 shares. The 2001 Plan is administered by the Compensation
Committee of the Board of Directors. The Compensation Committee has, subject
to applicable regulation and the terms of the 2001 Plan, the sole authority to
grant Awards under the 2001 Plan, to construe and interpret the 2001 Plan and
to make all other determinations and take any and all actions necessary or
advisable for the administration of the 2001 Plan. Pursuant to the terms of
the 2001 Plan, Quanta&#146;s Chief Executive Officer has the authority to award to
individuals who are not officers (i)&nbsp;non-qualified stock options; provided that
the aggregate number of shares of Common Stock issuable upon the exercise of
the options awarded in any one calendar quarter does not exceed 100,000 shares
of Common Stock and provided further, that the aggregate number of shares of
Common Stock issuable upon the exercise of the options awarded to any
individual in any one calendar quarter does not exceed 20,000 shares of Common
Stock and (ii)&nbsp;shares of restricted Common Stock; provided that the aggregate
value of the awards of restricted Common Stock granted in any one calendar
quarter does not exceed $250,000 determined based on the fair market value of
our Common Stock at the time of the grants and provided further, that the
aggregate value of the awards of


<P align="center" style="font-size: 10pt">21
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<DIV style="font-family: 'Times New Roman',Times,serif">



<P align="left" style="font-size: 10pt">restricted Common Stock granted to any individual in any one calendar
quarter does not exceed $25,000 determined based on the fair market value of
our Common Stock at the time of the grants.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All of Quanta&#146;s employees (including officers), non-employee directors and
certain consultants and advisors are eligible to receive Awards under the 2001
Plan, but only employees of Quanta are eligible to receive ISOs. Awards are
exercisable during the period specified in each Award agreement and generally
become exercisable in installments pursuant to a vesting schedule designated by
the Compensation Committee. Unless specifically provided otherwise in the
Award agreement, Awards become immediately vested and exercisable in the event
of a &#147;change in control&#148; (as defined in the 2001 Plan) of Quanta. No option
will remain exercisable later than ten years after the date of award (or five
years in the case of ISOs awarded to employees owning more than 10% of the
voting capital stock of Quanta). The exercise price for ISOs awarded under the
2001 Plan may be no less than the fair market value of a share of Common Stock
on the date of award (or 110% in the case of ISOs awarded to employees owning
more than 10% of the voting capital stock of Quanta).


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On January&nbsp;21, 2003, Quanta offered eligible employees and consultants the
opportunity to exchange outstanding stock options with an exercise price of
$10.00 or more for shares of restricted Common Stock at an exchange ratio of
one share of restricted Common Stock for every 2.24 option shares tendered. As
restricted Common Stock, the shares are subject to forfeiture and other
restrictions until they vest. Regardless of the vesting schedule of the
eligible options offered for exchange, the restricted Common Stock issued in
the offer vests over three years in three equal annual installments on February
28 of each year, beginning February&nbsp;28, 2004, assuming the employee or
consultant continues to meet the requirements for vesting. On March&nbsp;10, 2003,
Quanta accepted for exchange and cancelled eligible options to purchase an
aggregate of 6,769,483 shares of its Common Stock, representing approximately
93% of the 7,289,750 options that were eligible to be tendered in the offer as
of the offer expiration date. Pursuant to the terms of the exchange offer,
Quanta issued 3,022,112 shares of restricted Common Stock in exchange for the
tendered eligible options.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The above description of the exchange offer is not complete, but is
qualified by reference to the Schedule&nbsp;TO, as amended, that has been publicly
filed with the SEC.


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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left">
<A name="141"></A>
</DIV>

<P align="left" style="font-size: 10pt"><B>Equity Compensation Plan Information</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table sets forth information as of December&nbsp;31, 2003 with
respect to Quanta&#146;s 2001 Stock Incentive Plan and Quanta&#146;s 1999 Employee Stock
Purchase Plan, both of which have been approved by the stockholders of Quanta.

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="35%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="13%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Number of securities</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>remaining</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Number of securities to be</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Weighted-average exercise</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>available for future issuance</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>issued</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>price</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>under equity compensation</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>upon exercise of outstanding</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>of outstanding options,</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>plans (excluding securities</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Plan category</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>options, warrants and rights</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>warrants and rights</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>reflected in column (a))</B><HR size="1" noshade></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>(a)</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>(b)</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>(c)</B><HR size="1" noshade></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Equity compensation
plans approved by
security holders</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">1,415,834</TD>
    <TD nowrap><SUP>(1)</SUP></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">13.24</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">10,500,001</TD>
    <TD nowrap><SUP>(2)(3)</SUP></TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Equity compensation
plans not approved by
security holders</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Total</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,415,834</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">13.24</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,500,001</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>




<P>
<HR size="1" width="18%" align="left" noshade>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top">
    <TD width="1%" nowrap align="right">(1)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Does not include 1,087,847 shares of Common Stock authorized and reserved for issuance as of December&nbsp;31, 2003 under our
1999 Employee Stock Purchase Plan, 273,180 shares of which were issued at a price of $6.05 per share on January&nbsp;9, 2004.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="right">(2)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Includes 1,087,847 shares of Common Stock authorized and reserved for issuance as of December&nbsp;31, 2003 under our 1999
Employee Stock Purchase Plan. Under our 1999 Employee Stock Purchase Plan, the initial maximum number of 1,000,000 shares of
Common Stock issuable under our 1999 Employee Stock Purchase Plan has been increased, and will be increased in the future, on
June 1 of each year by an amount equal to the lesser of (i)&nbsp;1,000,000 shares and (ii)&nbsp;a lesser amount of shares determined by
the Board of Directors. The first annual increase in the share reserve occurred on June&nbsp;1, 2000.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="right">(3)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Includes 9,412,154 shares of Common Stock issuable as of December&nbsp;31, 2003 under our 2001 Stock Incentive Plan. The 2001
Stock Incentive Plan provides that the aggregate amount of Common Stock with respect to which stock options or restricted Common
Stock may be awarded may not exceed 12% of Quanta&#146;s outstanding Stock (as defined in the 2001 Stock Incentive Plan).</TD>
</TR>

</TABLE>


<DIV align="left">
<A name="142"></A>
</DIV>

<P align="left" style="font-size: 10pt"><B>Compensation Committee Interlocks and Insider Participation</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In 2003, James R. Ball, Terrence P. Dunn (until May&nbsp;21, 2003), Louis C.
Golm and Vincent D. Foster served as members of the Compensation Committee.
None of these persons served as an employee or officer of Quanta or any of its
subsidiaries during 2003 or was formerly an officer of Quanta or any of its
subsidiaries.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At various times in 2003, employees of Main Street Advisors, LLC (Main
Street), investment manager for Main Street Mezzanine Fund, L.P., in which Mr.
Foster serves as Senior Managing Director, have served on our corporate
development staff on a contract basis. We reimbursed Main Street $204,252 in
2003 for the salaries and expenses of these employees. We believe that the
amount we paid to Main Street for salaries and expenses was reasonable under
the circumstances.


<P align="center" style="font-size: 10pt">23
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<DIV align="left">
<A name="143"></A>
</DIV>

<P align="center" style="font-size: 10pt"><B>CERTAIN TRANSACTIONS</B>


<DIV align="left">
<A name="144"></A>
</DIV>


<P align="left" style="font-size: 10pt"><B>Transactions Involving Certain Officers, Directors and Stockholders</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Potelco, Inc., a Quanta subsidiary, leases its main office from the father
of Gary A. Tucci, and leases another office in Washington from Gary A. Tucci,
who is Chief Executive Officer of Potelco, Inc. and a director of Quanta.
Currently, both leases are oral and on a month-to-month basis. The main office
lease is for an approximately 15,000 square foot building with an approximately
8,000 square foot warehouse on approximately 5 acres, at a rental rate of
$4,000 per month. The other lease is for an approximately 1,400 square foot
office with an approximately 2,400 square foot maintenance facility on
approximately 2 acres, at a rental rate of $2,800 per month. We believe that
the rental rates of these leases do not exceed fair market value.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Spalj Construction Company, a Quanta subsidiary, leases its main office
from Spalj Real Estate which is 50% owned by Luke T. Spalj, President of the
Telecommunications and Cable TV Division of Quanta. Currently, this lease is
oral and on a month-to-month basis. The lease is for three buildings totaling
approximately 33,100 square feet on approximately 5.25 acres, at a rental rate
of $8,300 per month. We believe that the rental rate of this lease does not
exceed fair market value.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On February&nbsp;21, 2003 and April&nbsp;28, 2003, First Reserve Fund IX, L.P., a
greater than 5% shareholder of Quanta, purchased an aggregate of 1,201,128
shares of our Common Stock for a total consideration of approximately $3.6
million pursuant to First Reserve&#146;s exercise of preemptive rights granted in
connection with its initial 2002 investment in Quanta.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Following their initial investment in us, on February&nbsp;8, 2002, Aquila,
Inc. announced its intention to conduct a proxy solicitation to replace members
of our Board of Directors with a slate of its own nominees. On May&nbsp;20, 2002,
we and Aquila announced a settlement pursuant to which Aquila agreed to
terminate its proxy contest. Under the terms of the settlement, Aquila
withdrew all pending litigation and arbitration against us, and agreed not to
purchase shares of our Common Stock on the open market and not to wage another
proxy contest for control of our Board of Directors. We agreed to terminate
our Stock Employee Compensation Trust. In 2003, we performed projects for
Aquila in the ordinary course of business generating approximately $15.4
million in revenues. Aquila ceased to be a holder of any of our Common Stock
or other capital stock in February&nbsp;2003.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In February&nbsp;2000, we submitted a written notice to Gary A. Tucci seeking
indemnification from him for certain accounts receivable losses sustained by us
in connection with our acquisition of Potelco, Inc. The total amount
outstanding as a result of this indemnification claim is $144,104. We currently
are negotiating the settlement of this claim with Mr.&nbsp;Tucci.

<DIV align="left">
<A name="145"></A>
</DIV>

<P align="center" style="font-size: 10pt"><B>SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;16(a) of the Exchange Act requires our directors and executive
officers and persons who own more than 10% of a registered class of Quanta&#146;s
equity securities to file various reports with the SEC concerning their
holdings of, and transactions in, our securities. Copies of these filings must
be furnished to us.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Based only on our review of the copies of those forms furnished to us and
written certifications from our directors and executive officers, we believe
that, during 2003, all of our directors and executive officers were in
compliance with the applicable filing requirements, except that James F. O&#146;Neil
III, our Senior Vice President of Operations Integration and Audit,
inadvertently omitted certain information regarding shares owned by his spouse
after his marriage in 2002 and one subsequent transaction with Quanta relating
to these shares required to be reported on a Form&nbsp;4, Statement of Changes in
Beneficial Ownership, and subsequently filed such information on a Form&nbsp;4 late.


<P align="center" style="font-size: 10pt">24
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<DIV align="left">
<A name="146"></A>
</DIV>

<P align="center" style="font-size: 10pt"><B>REPORT FROM THE COMPENSATION COMMITTEE REGARDING EXECUTIVE<BR>
COMPENSATION</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Compensation Committee, which is composed of three independent
directors, designs and administers compensation programs covering executive
officers and key management employees, including each of the Named Executive
Officers. With a goal of allowing Quanta to attract, motivate and retain the
management personnel necessary for Quanta&#146;s success, we work to design a
compensation program that is comparable to programs offered by companies with
which Quanta competes for such management personnel and that rewards management
for its contributions to Quanta&#146;s short-term and long-term performance and for
building stockholder value. As a part of the compensation program, we establish
compensation goals for Quanta&#146;s executive officers and key management employees
and evaluate their performance with reference to those goals. The key
components of the compensation program are base salary, annual bonuses and
equity incentives.

<DIV align="left">
<A name="147"></A>
</DIV>

<P align="left" style="font-size: 10pt"><B>Base Salary</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Base salaries for executive officers, including the Chief Executive
Officer, are determined annually by the Committee, taking into account such
factors as competitive industry salaries, a subjective assessment of the nature
of the position, the contribution, experience and level of responsibility of
the officer and the officer&#146;s length of service.

<DIV align="left">
<A name="148"></A>
</DIV>

<P align="left" style="font-size: 10pt"><B>Annual Bonus Plan</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our annual bonus plan is designed to provide Quanta&#146;s executive officers
and key management employees with additional performance incentives in the form
of an annual bonus, payable in cash and/or restricted Common Stock, in
recognition of meeting certain financial and operational goals. For 2003,
pursuant to the annual bonus plan, each operating unit executive&#146;s annual bonus
was determined using a formula based on achievement of an operating income
goal. Corporate executive bonuses for 2003 under the annual bonus plan also
were determined based on meeting or exceeding an operating income goal.
Additionally, Quanta utilizes a supplemental incentive plan that provides an
incremental incentive to operating unit executives and corporate management
personnel. For operating unit executives, 50% of this incentive is based on
achieving a return on assets target and 50% is discretionary based on achieving
certain stated objectives. For corporate management personnel, the
non-discretionary portion of the supplemental incentive is based on achievement
of a return on equity target. Pursuant to the above formulas and in light of
Quanta&#146;s annual performance, most executive officers and key management
employees were not awarded a bonus for 2003.

<DIV align="left">
<A name="149"></A>
</DIV>

<P align="left" style="font-size: 10pt"><B>Equity Incentives</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Quanta traditionally had provided stock option awards as additional
compensation to its key executives. During 2003, Quanta began awarding
restricted Common Stock rather than stock options to its key executives. The
guidelines used by the Compensation Committee to establish the size of a
restricted Common Stock award include an executive&#146;s level of responsibility
and performance and comparative award information. Most of the options
previously awarded to Quanta&#146;s key executives vest at the rate of 25% per year
commencing on the date of grant, and expire 10&nbsp;years from the date of grant or
three months following termination of employment. The exercise price per share
is set at the fair market value per share on the date of award. Most of the
restricted Common Stock awards vest at the rate of 33.33% per year commencing
on the applicable vest date for the quarter in which the award is made.

<DIV align="left">
<A name="150"></A>
</DIV>

<P align="left" style="font-size: 10pt"><B>Stock Option Exchange Offer</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On December&nbsp;5, 2002, Quanta&#146;s Board of Directors approved a stock option
exchange offer pursuant to which, on January&nbsp;21, 2003, all of Quanta&#146;s eligible
employees and consultants were given the opportunity to exchange eligible stock
options for shares of restricted Common Stock. On March&nbsp;10, 2003, Quanta
accepted for exchange and cancelled eligible options tendered by employees and
consultants at an exchange ratio of one share of restricted Common Stock for
every 2.24 option shares tendered. The restricted Common Stock awarded in the
exchange offer vests over three years in three equal annual installments
on February&nbsp;28 of each year, assuming the employee or consultant continues to
meet the requirements for vesting. Each of the Named Executive Officers


<P align="center" style="font-size: 10pt">25
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<DIV style="font-family: 'Times New Roman',Times,serif">



<P align="left" style="font-size: 10pt">participated in the stock option exchange offer. The table set forth in this
Proxy Statement entitled &#147;Ten-Year Option/SAR Repricings&#148; includes the number
and exercise price of options tendered in exchange for restricted Common Stock
by each of Quanta&#146;s executive officers, including the Named Executive Officers,
who elected to participate in the stock option exchange offer.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At the time the Board of Directors approved the exchange offer, the vast
majority of Quanta&#146;s outstanding stock options had an exercise price
significantly in excess of the market price of Quanta&#146;s Common Stock.
Consequently, these options did not provide the intended incentive to the
recipient. Based on our belief that the stock option exchange offer would
strengthen the retention and incentive goals of Quanta&#146;s 2001 Stock Incentive
Plan and align employee interests with the interests of Quanta&#146;s stockholders,
we recommended that the Board of Directors approve the exchange offer.

<DIV align="left">
<A name="151"></A>
</DIV>

<P align="left" style="font-size: 10pt"><B>Compensation of Chief Executive Officer</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For 2003, we paid John R. Colson, Quanta&#146;s Chief Executive Officer,
$538,750 in base salary. We did not award a bonus to Mr.&nbsp;Colson for 2003. In
addition, for 2003, Mr.&nbsp;Colson was not awarded any shares of restricted Common
Stock other than the restricted Common Stock he received in connection with the
exchange offer.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This report is furnished by the Compensation Committee of the Board of
Directors.


<P align="left" style="font-size: 10pt; margin-left: 50%">James R. Ball, Chairman<BR>
H. Jarrell Gibbs<BR>
Louis C. Golm


<P align="center" style="font-size: 10pt">26
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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left">
<A name="152"></A>
</DIV>

<P align="center" style="font-size: 10pt"><B>REPORT FROM THE AUDIT COMMITTEE</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Audit Committee is composed of four independent directors and operates
under a formal written charter adopted by the Board of Directors, attached as
Appendix&nbsp;A to this Proxy Statement.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As members of the Audit Committee, our primary purpose is to assist the
Board of Directors&#146; oversight of (1)&nbsp;the quality and integrity of Quanta&#146;s
financial statements, (2)&nbsp;the independent auditor&#146;s qualifications,
independence and performance, (3)&nbsp;the performance of Quanta&#146;s internal audit
function, and (4)&nbsp;Quanta&#146;s compliance with applicable legal and regulatory
requirements. The Audit Committee is solely responsible for the appointment
and compensation of Quanta&#146;s independent auditors. In carrying out our role,
we rely on Quanta&#146;s management and independent auditors. Management is
responsible for Quanta&#146;s financial reporting processes including its system of
internal controls, and for the preparation of the consolidated financial
statements in accordance with accounting principles generally accepted in the
United States. Quanta&#146;s independent auditors are responsible for expressing an
opinion as to whether the consolidated financial statements are free of
material misstatements based on their audit. Our responsibility is to monitor
and review these processes.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We have reviewed and discussed Quanta&#146;s audited consolidated financial
statements with management. Management has confirmed to us that the financial
statements have been prepared in conformity with accounting principles
generally accepted in the United States.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition, we have discussed with PricewaterhouseCoopers LLP, Quanta&#146;s
independent auditors for fiscal year 2003, the matters required to be discussed
by SAS No.&nbsp;61 (Communication with Audit Committees) including the quality of
the accounting principles as applied to financial reporting.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We have received written disclosures and the letter from
PricewaterhouseCoopers LLP required by Independence Standards Board Standard
No.&nbsp;1 (which relates to the accountant&#146;s independence from Quanta and its
related entities), and have discussed with PricewaterhouseCoopers LLP their
independence from Quanta.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Based on our review and discussions referred to above, we recommended to
Quanta&#146;s Board of Directors that Quanta&#146;s audited consolidated financial
statements be included in Quanta&#146;s Annual Report on Form 10-K as of and for the
fiscal year ended December&nbsp;31, 2003, for filing with the Securities and
Exchange Commission.


<P align="left" style="font-size: 10pt; margin-left: 50%">James R. Ball, Chairman<BR>
Bernard Fried<BR>
H. Jarrell Gibbs<BR>
Louis C. Golm


<P align="center" style="font-size: 10pt">27
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left">
<A name="153"></A>
</DIV>

<P align="left" style="font-size: 10pt"><B>Audit Fees</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Audit Committee pre-approves all audit and permissible non-audit
services provided by our independent auditors on a case-by-case basis. These
services may include audit services, audit-related services, tax services and
other services. The Audit Committee may delegate pre-approval authority to one
or more of its members.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table details the aggregate fees billed by
PricewaterhouseCoopers LLP for fiscal years 2002 and 2003:

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="55%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="52%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>2002</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>2003</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Audit Fees (1)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">586,383</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">886,317</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Audit-Related Fees</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Tax Fees</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">All Other Fees</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Total</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">568,383</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">886,317</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>




<P>
<HR size="1" width="18%" align="left" noshade>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top">
    <TD width="1%" nowrap align="right">(1)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Represents fees for professional services rendered
for the audit of Quanta&#146;s annual financial statements
and review of financial statements included in Quanta&#146;s
Forms 10-Q, state licensing pre-qualification filings
and the statutory audit of one of Quanta&#146;s subsidiaries
for each of fiscal years 2002 and 2003 and (i)&nbsp;for
fiscal year 2002, accounting services provided in
connection with the First Reserve investment in Quanta
and (ii)&nbsp;for fiscal year 2003, work performed on
Quanta&#146;s issuance and subsequent registration of
publicly-held debt.</TD>
</TR>

</TABLE>


<DIV align="left">
<A name="154"></A>
</DIV>

<P align="center" style="font-size: 10pt"><B>INDEPENDENT AUDITORS</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On June&nbsp;28, 2002, the Board of Directors, at the recommendation of the
Audit Committee, dismissed Arthur Andersen LLP as our independent auditors and
appointed PricewaterhouseCoopers LLP to serve as our independent auditors.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arthur Andersen&#146;s reports on Quanta&#146;s consolidated financial statements
for the year ended December&nbsp;31, 2001 did not contain an adverse opinion or
disclaimer of opinion, nor were they qualified or modified as to uncertainty,
audit scope or accounting principles.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During the year ended December&nbsp;31, 2001 and through June&nbsp;28, 2002, there
were no disagreements with Arthur Andersen on any matter of accounting
principles or practices, financial statement disclosure, or auditing scope or
procedure, which if not resolved to Arthur Andersen&#146;s satisfaction, would have
caused them to make reference to the subject matter of the disagreements in
connection with their report on Quanta&#146;s consolidated financial statements for
such years. During the year ended December&nbsp;31, 2001 and through June&nbsp;28, 2002,
there were no reportable events of the kind listed in Item&nbsp;304(a)(1)(v) of
Regulation&nbsp;S-K.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Quanta requested that Arthur Andersen furnish a letter addressed to the
SEC stating whether or not they agreed with the statements made in the Form 8-K
filed on July&nbsp;8, 2002. A letter was received from Arthur Andersen that
corroborated the statements contained in the Form 8-K and was filed as an
exhibit to the Form 8-K.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During the year ended December&nbsp;31, 2001 and through June&nbsp;28, 2002, Quanta
did not consult with PricewaterhouseCoopers LLP regarding any of the matters or
events set forth in Item&nbsp;304(a)(2)(i) and (ii)&nbsp;of Regulation&nbsp;S-K.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Audit Committee has reviewed the services performed by
PricewaterhouseCoopers LLP and the related fees and has considered whether the
provision of non-audit services by PricewaterhouseCoopers LLP is compatible
with maintaining the independence of PricewaterhouseCoopers LLP.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Representatives of PricewaterhouseCoopers LLP are expected to be present
at the annual meeting with the opportunity to make a statement, if they choose,
and to respond to appropriate questions.


<P align="center" style="font-size: 10pt">28
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Audit Committee has not selected independent auditors to audit
Quanta&#146;s financial statements for the fiscal year ending December&nbsp;31, 2004 as
it is currently evaluating auditors. Accordingly, the stockholders are not
being asked to ratify the appointment of independent auditors to audit Quanta&#146;s
financial statements for the fiscal year ending December&nbsp;31, 2004. The Audit
Committee intends to make a decision with respect to the appointment of
Quanta&#146;s independent auditors for the fiscal year ending December&nbsp;31, 2004 that
it believes will be in the best interests of Quanta and its stockholders.


<P align="center" style="font-size: 10pt">29
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left">
<A name="155"></A>
</DIV>

<P align="center" style="font-size: 10pt"><B>PERFORMANCE GRAPH</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following graph compares, for the period from December&nbsp;31, 1998 to
December&nbsp;31, 2003, the cumulative stockholder return on our Common Stock with
the cumulative total return on the Standard &#038; Poor&#146;s 500 Index (the S&#038;P 500
Index), the Russell 2000 Index, and a peer group index previously selected by
our management that includes four public companies within our industry (the
Peer Group). The comparison assumes that $100 was invested on December&nbsp;31, 1998
in our Common Stock, the S&#038;P 500 Index, the Russell 2000 Index and the Peer
Group, and further assumes all dividends were reinvested. The stock price
performance on the following graph is not necessarily indicative of future
stock price performance.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Peer Group is composed of Dycom Industries, Inc., MasTec, Inc.,
Chicago Bridge &#038; Iron Company N.V. and Shaw Group, Inc. The Peer Group no
longer includes Arguss Communications, Inc. because it ceased to be publicly
traded in March&nbsp;2002. The companies in the Peer Group were selected because
they comprise a broad group of publicly held corporations, each of which has
some operations similar to ours.


<P align="center" style="font-size: 10pt"><B>COMPARISON OF 5-YEAR CUMULATIVE TOTAL RETURN<BR>
AMONG QUANTA SERVICES, INC., THE S &#038; P 500<BR>
INDEX, THE RUSSELL 2000 INDEX AND THE PEER GROUP</B>



<P align="center" style="font-size: 10pt"><IMG src="h14327h1432700.gif" alt="(PERFORMANCE GRAPH)">


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="65%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="36%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Quanta</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>S&#038;P</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Russell 2000</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>&nbsp;</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Measurement Period</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Services, Inc.</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>500 Index</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Index</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Peer Group</B><HR size="1" noshade></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">December&nbsp;31, 1998</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">100.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">100.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">100.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">100.00</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">December&nbsp;31, 1999</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">128.05</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">121.04</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">121.26</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">160.44</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">December&nbsp;31, 2000</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">218.83</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">110.02</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">117.59</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">216.93</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">December&nbsp;31, 2001</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">104.90</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">96.95</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">120.52</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">104.39</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">December&nbsp;31, 2002</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">23.79</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">75.52</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">95.83</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">82.17</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">December&nbsp;31, 2003</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">49.63</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">97.18</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">141.11</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">150.99</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt">30
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left">
<A name="156"></A>
</DIV>

<P align="center" style="font-size: 10pt"><B>ADDITIONAL INFORMATION</B>


<DIV align="left">
<A name="157"></A>
</DIV>

<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Stockholder Proposals and Nomination of Directors for the 2005 Annual
Meeting</B><I>. </I>Stockholders who desire to submit a proposal for inclusion in the
proxy materials for our 2005 annual meeting of stockholders may do so by
complying with the procedures described in Rule&nbsp;14a-8 under the Exchange Act.
To be eligible for inclusion, stockholder proposals must be received by
Quanta&#146;s Corporate Secretary at our principal executive offices no later than
December&nbsp;17, 2004. Stockholder proposals should be addressed to Corporate
Secretary, c/o General Counsel&#146;s Office, Quanta Services, Inc., 1360 Post Oak
Blvd., Suite&nbsp;2100, Houston, Texas 77056.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;With respect to stockholder proposals submitted outside of the SEC&#146;s
procedures for including such proposals in our proxy statement and nomination
of directors by stockholders, a stockholder&#146;s notice must be received by our
Corporate Secretary at the address of our principal executive offices set forth
above not earlier than January&nbsp;22, 2005 and not later than February&nbsp;21, 2005
(unless the 2005 annual meeting date is before April&nbsp;22 or after July&nbsp;31, in
which case we must receive such notice not earlier than 120&nbsp;days before such
annual meeting date and not later than the later of 90&nbsp;days before such annual
meeting date and 10&nbsp;days after we first publicly announce the date of such
annual meeting). However, if the number of directors to be elected at the 2005
annual meeting of stockholders is increased and we do not publicly announce the
nominee(s) for the new directorship(s) by February&nbsp;11, 2005, a stockholder&#146;s
notice solely with respect to nominee(s) for the additional directorship(s)
must be received by our Corporate Secretary not later than 10&nbsp;days after we
first publicly announce the increase in the number of directors. Any such
stockholder proposal and director nomination must comply in all respects with
the specific requirements included in our bylaws. Quanta&#146;s bylaws are
available on Quanta&#146;s website at www.quantaservices.com under the heading
&#147;Corporate Governance.&#148; If a stockholder&#146;s notice regarding a stockholder
proposal or director nomination is received after such deadline, as applicable,
our proxy materials for the 2005 annual meeting of stockholders may confer
discretionary authority to vote on such matter without any discussion of the
matter in the proxy statement for our 2005 annual meeting of stockholders.

<DIV align="left">
<A name="158"></A>
</DIV>

<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Proxy Solicitation Costs</B><I>. </I>The proxies being solicited hereby are being
solicited by Quanta. The cost of soliciting proxies in the enclosed form, which
may include the cost of preparing, printing and mailing the proxy materials,
will be borne by Quanta. Our officers, directors and other employees may, but
without compensation other than their regular compensation, solicit proxies by
further mailing or personal conversations, or by telephone, telex, facsimile,
postings on our website or other electronic means. We will also request banks,
brokers and other custodians, nominees and fiduciaries to forward proxy
materials to the beneficial owners of Common Stock and obtain their voting
instructions. We will, upon request, reimburse brokerage firms and others for
their reasonable expenses in forwarding solicitation materials to the
beneficial owners of our stock.

<DIV align="left">
<A name="159"></A>
</DIV>

<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Other Matters</B><I>. </I>As of the date of this Proxy Statement, the Board of
Directors does not know of any other matter that will be brought before the
annual meeting. However, if any other matter properly comes before the annual
meeting, or any adjournment thereof, the person or persons voting the proxies
will vote on such matters in accordance with their best judgment and
discretion.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In some instances, only one proxy statement and annual report is being
delivered to multiple stockholders sharing an address unless we have received
contrary instructions from one or more of those stockholders. A stockholder who
wishes to receive a separate copy of the proxy statement or annual report now
or in the future, or stockholders sharing an address who are receiving multiple
copies of the proxy statement or annual report and wish to receive a single
copy of these documents, should submit a written request to Investor Relations,
Quanta Services, Inc., 1360 Post Oak Blvd., Suite&nbsp;2100, Houston, Texas 77056 or
call 713-629-7600.


<P align="left" style="font-size: 10pt; margin-left: 50%">By Order of the Board of Directors

<P align="left" style="font-size: 10pt; margin-left: 50%"><IMG src="h14327gordon.jpg" alt="-s- Dana A. Gordon"><BR>

<P align="left" style="font-size: 10pt; margin-left: 50%">Dana A. Gordon<BR>
Corporate Secretary


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Houston, Texas<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;April&nbsp;16,
2004


<P align="center" style="font-size: 10pt">31
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="right" style="font-size: 10pt"><B>Appendix&nbsp;A</B>



<P align="center" style="font-size: 10pt"><B>CHARTER OF THE AUDIT COMMITTEE<BR>
OF THE<BR>
BOARD OF DIRECTORS<BR>
OF<BR>
QUANTA SERVICES, INC.</B>



<P align="left" style="font-size: 10pt"><B><I>Purpose</I></B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Audit Committee is the principal agent of the Board in overseeing (i)
the integrity of the Company&#146;s financial statements, (ii)&nbsp;the Company&#146;s
compliance with legal and regulatory requirements, (3)&nbsp;the independent
auditor&#146;s qualifications and independence, and (iv)&nbsp;the performance of the
Company&#146;s internal audit function and independent auditors. The Committee
shall also produce an annual report that is included in the Company&#146;s proxy
statement, in accordance with applicable rules and regulations.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In carrying out its responsibilities, the Committee believes its policies
and procedures should remain flexible to best react to changing conditions and
to ensure to the directors and stockholders that the corporate accounting and
reporting practices are in accordance with all requirements and are of the
highest quality. The Company shall provide adequate funding for the Committee
to carry out its responsibilities.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Committee&#146;s responsibility is oversight, and it recognizes that the
Company&#146;s management is responsible for preparing the Company&#146;s financial
statements. Additionally, the Committee recognizes that financial management
(including the Internal Audit staff), as well as the independent auditors, have
more knowledge and more detailed information about the Company than do the
members of the Committee; consequently, in carrying out its oversight
responsibilities, the Committee is not providing any expert or special
assurance as to the Company&#146;s financial statements or any professional
certification as to the independent auditor&#146;s work.


<P align="left" style="font-size: 10pt"><B><I>Powers and Duties</I></B>



<P align="left" style="font-size: 10pt"><I>Independent Auditors</I>



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Appoint, compensate, retain and oversee the work of the Company&#146;s
independent auditors, and, where appropriate, replace the independent
auditors. The independent auditors shall report directly to the
Committee.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Review and pre-approve all audit and non-audit services performed by the
independent auditors and determine whether the independent auditors&#146;
performance of any non-audit services is compatible with the auditors&#146;
independence. The Committee may delegate the authority to grant
pre-approval of auditing or permitted non-audit services to one or more
members of the Committee.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Review annually the services performed by the independent auditors to
ensure that they are not performing the following non-audit services for
the Company: (i)&nbsp;bookkeeping or other services related to the accounting
records or financial statements; (ii)&nbsp;financial information systems design
and implementation; (iii)&nbsp;appraisal or valuation services, fairness
opinions, or contribution-in-kind reports; (iv)&nbsp;actuarial services; (v)
internal audit outsourcing services; (vi)&nbsp;management functions or human
resources; (vii)&nbsp;broker or dealer, investment advisor or investment
banking services; or (viii)&nbsp;legal services and expert services unrelated
to an audit.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Meet with the independent auditors and financial management of the
Company to review the scope of the proposed audit for the current year and
the audit procedures to be utilized, and at the conclusion thereof review
such audit, including any comments or recommendations of the independent
auditors.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Review with the independent auditor any audit problems or difficulties
and management&#146;s response.</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt">i
</DIV>

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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<P><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">6.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Review the independent auditor&#146;s attestation and report on management&#146;s
internal control report.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">7.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Review and discuss quarterly reports from the independent auditors on (i)
all critical accounting policies and practices; (ii)&nbsp;all alternative
treatments of financial information within generally accepted accounting
principles that have been discussed with management, ramifications of the
use of such alternative disclosures and treatments, and the treatment
preferred by the independent auditor; and (iii)&nbsp;other material written
communications between the independent auditor and management including,
but not limited to, the management letter and schedule of unadjusted
differences.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">8.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>At least annually, obtain and review a report by the independent auditor
describing (i)&nbsp;the firm&#146;s internal quality control procedures; (ii)&nbsp;any
material issues raised by the most recent internal quality-control review,
peer review, or by any inquiry or investigation by governmental or
professional authorities, within the preceding five years, respecting one
or more independent audits carried out by the firm, and any steps taken to
deal with any such issues; and (iii) (to assess the auditor&#146;s
independence) all relationships between the independent auditor and the
Company.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">9.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Resolve any disagreements between management and the independent auditors
in the event that they arise.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt"><I>Financial Reporting Process and Accounting Policies</I>



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">10.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Investigate any matter brought to its attention within the scope of its
duties.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">11.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Establish and maintain procedures for the receipt, retention, and
treatment of complaints regarding accounting, internal accounting controls
or auditing matters and for the confidential, anonymous submission by
Company employees regarding questionable accounting or auditing matters.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">12.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Review (i)&nbsp;major issues regarding accounting principles and financial
statement presentations including significant changes in the Company&#146;s
selection or application of accounting principles and major issues as to
the adequacy of the Company&#146;s internal controls as well as any special
audit steps adopted in light of material control deficiencies; (ii)
analyses prepared by management and/or the independent auditor setting
forth significant financial reporting issues and judgments made in
connection with the preparation of the financial statements, including
analyses of the effects of alternative GAAP methods on the financial
statements; and (iii)&nbsp;the effect of regulatory and accounting initiatives,
as well as off-balance sheet structures, on the financial statements of
the Company.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">13.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Meet separately, periodically, with management, with the internal
auditors and with the independent auditors.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt"><I>Internal Audit</I>



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">14.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Review and advise on the selection and removal of the internal audit
director. Periodically review and recommend changes (if any) to the
internal audit charter. Periodically review with the internal audit
director any significant difficulties, disagreements with management, or
scope restrictions encountered in the course of function&#146;s work. Review a
summary of findings from internal audits completed.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt"><I>Documents/Reports/Accounting Information Review</I>



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">15.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Discuss the annual audited financial statements and quarterly financial
statements with management and the independent auditor (including the
Company&#146;s disclosure under &#147;Management&#146;s Discussion and Analysis of
Financial Condition and Results of Operations.&#148;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">16.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Discuss earnings press releases, as well as financial information and
earnings guidance provided to analysts and rating agencies, and review the
type and presentation to be included therein (including &#147;pro forma&#148; or
&#147;adjusted&#148; non-GAAP information).</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt">ii
</DIV>

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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<P><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>


<P align="left" style="font-size: 10pt"><I>Legal Compliance/Risk Management</I>



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">17.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Discuss policies with respect to risk assessment and risk management.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">18.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Prepare the report that the SEC requires be included in the Company&#146;s
annual proxy statement.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt"><I>Other Responsibilities</I>



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">19.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Set clear hiring policies for employees or former employees of the
independent auditor.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">20.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Report regularly to the Board.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">21.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Annually perform a self-evaluation of the Committee.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">22.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Retain, terminate and approve fees and other retention terms of any
independent counsel and other advisers hired to assist the Committee in
carrying out its duties.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">23.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Perform any other activities consistent with this Charter, the Company&#146;s
by-laws and governing law, as the Committee or the Board deems necessary
or appropriate.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt"><B><I>Procedural Matters</I></B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Committee shall be composed of at least three members of the Board,
each of whom is, in the business judgment of the Board, &#147;independent&#148; under the
rules of the Securities and Exchange Commission (SEC)&nbsp;and the New York Stock
Exchange (NYSE). No member of the Committee may receive any compensation,
consulting, advisory or other fee from the Company, other than Board
compensation, as determined in accordance with applicable SEC and NYSE rules.
Members serving on the Audit Committee are limited to serving on two other
audit committees of public companies, unless the Board evaluates and determines
that these other commitments would not impair his or her effective service to
the Company. In accordance with NYSE and SEC rules, all members shall be
&#147;financially literate&#148; and at least one member shall be a &#147;financial expert&#148;
with &#147;accounting or related financial management expertise.&#148;


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Audit Committee members are not professional accountants or auditors
and their functions are not intended to duplicate of to certify the activities
of management of the independent auditor nor can the Committee certify that the
independent auditor is &#147;independent&#148; under applicable rules. The Committee
serves a board-level oversight role where it provides advice, counsel and
direction to management and the auditor on the basis of the information it
receives, its discussions with the auditor and the experience of the
Committee&#146;s members in the business, financial and accounting matters.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Committee shall have the authority to delegate any of its
responsibilities to subcommittees as the Committee may deem appropriate in its
sole discretion.


<P align="center" style="font-size: 10pt">iii
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="center" style="font-size: 10pt"><B>QUANTA SERVICES, INC.<BR>
PROXY FOR THE ANNUAL MEETING OF STOCKHOLDERS<BR>
TO BE HELD ON MAY 20, 2004<BR>
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS</B>


<P align="left" style="font-size: 10pt">The undersigned hereby appoints James H. Haddox and Dana A. Gordon, and each of
them, with full power of substitution to represent the undersigned and to vote
all of the shares of Common Stock in Quanta Services, Inc., a Delaware
corporation (the &#147;Company&#148;), that the undersigned is entitled to vote at the
Annual Meeting of Stockholders of the Company to be held on May&nbsp;20, 2004, and
at any adjournment or postponement thereof (1)&nbsp;as hereinafter specified upon
the proposal listed on the reverse side and as more particularly described in
the Proxy Statement of the Company dated April&nbsp;16, 2004 (the &#147;Proxy Statement&#148;)
and (2)&nbsp;in their discretion upon such other matters as may properly come before
the meeting.


<P align="left" style="font-size: 10pt"><B>ALL SHARES OF COMMON STOCK REPRESENTED HEREBY WILL BE VOTED AS SPECIFIED. IF
NO SPECIFICATION IS MADE, SUCH SHARES WILL BE VOTED &#147;FOR&#148; THE NOMINEES LISTED
IN THE PROPOSAL.</B>



<P align="center" style="font-size: 10pt"><B>(Continued on the reverse side)</B>




<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<P align="center" style="font-size: 10pt"><B>ANNUAL MEETING OF STOCKHOLDERS OF</B>



<P align="center" style="font-size: 10pt"><B>QUANTA SERVICES, INC.</B>



<P align="center" style="font-size: 10pt"><B>May&nbsp;20, 2004</B>



<P align="center" style="font-size: 10pt">Please date, sign and mail<BR>
your proxy card in the<BR>
envelope provided as soon<BR>
as possible.



<P align="center" style="font-size: 10pt"><font face="symbol">&#175;</font>
Please Detach and Mail in the Envelope Provided <font face="symbol">&#175;</font>



<P align="center" style="font-size: 10pt"><B>THE BOARD OF DIRECTORS RECOMMENDS A VOTE &#147;FOR&#148; THE NOMINEES LISTED IN THE BELOW<BR>
PROPOSAL.<BR>
PLEASE SIGN, DATE AND RETURN PROMPTLY IN THE ENCLOSED ENVELOPE. PLEASE MARK<BR>
YOUR VOTE IN BLUE OR BLACK INK AS SHOWN HERE
<font face="wingdings">&#120;</font></B>



<P align="left" style="font-size: 10pt">PROPOSAL: Election of Directors


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="60%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="18%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="18%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>NOMINEES</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT face="Wingdings">&#111;</FONT>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><b>FOR ALL NOMINEES</b></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><font face="wingdings">&#161;</font></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">James R. Ball</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><font face="wingdings">&#161;</font></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">John R. Colson</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT face="Wingdings">&#111;</FONT>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><b>WITHHOLD AUTHORITY</b></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><font face="wingdings">&#161;</font>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Bernard Fried</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><b>FOR ALL NOMINEES</b></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><font face="wingdings">&#161;</font></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">H. Jarrell Gibbs</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><font face="wingdings">&#161;</font></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Louis C. Golm</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><font face="wingdings">&#161;</font></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Ben A. Guill</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT face="Wingdings">&#111;</FONT>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><b>FOR ALL EXCEPT</b></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><font face="wingdings">&#161;</font></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Thomas J. Sikorski</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(See instructions below)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><font face="wingdings">&#161;</font></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Gary A. Tucci</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><font face="wingdings">&#161;</font></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">John R. Wilson</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>



<P>
<TABLE width="100%" border="0" cellpadding="2" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="1%"></TD>
    <TD width="99%"></TD>
</TR>
<TR valign="top">
    <TD nowrap>INSTRUCTION:&nbsp;</TD>
    <TD>To withhold authority to vote for any individual nominee(s), mark
<b>&#147;FOR ALL EXCEPT&#148;</b> and fill in the circle next to each nominee you wish to
withhold, as shown here: <FONT face="Wingdings">&#108;</FONT></TD>
</TR>
</TABLE>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="92%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">To change the address on your account, please check the box at
the right and indicate your new address in the address space
above. Please note that changes to the registered name(s) on
the account may not be submitted via this method.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT face="Wingdings">&#111;</FONT></TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 10pt">In their discretion, the Proxies are authorized to vote on such other business
as may properly come before the meeting or any adjournment thereof.



<P align="center" style="font-size: 10pt"><B>PLEASE DATE, SIGN AND RETURN THIS PROXY CARD<BR>
PROMPTLY. THANK YOU!</B>



<P align="left" style="font-size: 10pt">Signature of Stockholder:<u>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>
Date:
<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>
Signature of Stockholder:
<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>
Date:<u>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>

<P align="left" style="font-size: 10pt"><B>Note: </B>This proxy must be signed exactly as the name appears hereon. When
shares are held jointly, each holder should sign. When signing as executor,
administrator, attorney, trustee or guardian, please give full title as such.
If the signer is a corporation, please sign full corporate name by duly
authorized officer, giving full title as such. If signer is a partnership,
please sign in partnership name by authorized person.



<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<P align="center" style="font-size: 10pt"><B>QUANTA SERVICES, INC.<BR>
PROXY FOR THE ANNUAL MEETING OF STOCKHOLDERS<BR>
TO BE HELD ON MAY 20, 2004<BR>
THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS</B>


<P align="left" style="font-size: 10pt">The undersigned hereby appoints James H. Haddox and Dana A. Gordon, and each of
them, with full power of substitution to represent the undersigned and to vote
all of the shares of Limited Vote Common Stock in Quanta Services, Inc., a
Delaware corporation (the &#147;Company&#148;), that the undersigned is entitled to vote
at the Annual Meeting of Stockholders of the Company to be held on May&nbsp;20,
2004, and at any adjournment or postponement thereof (1)&nbsp;as hereinafter
specified upon the proposal listed below and as more particularly described in
the Proxy Statement of the Company dated April&nbsp;16, 2004 (the &#147;Proxy Statement&#148;)
and (2)&nbsp;in their discretion upon such other matters as may properly come before
the meeting.


<P align="left" style="font-size: 10pt"><B>ALL SHARES OF LIMITED VOTE COMMON STOCK REPRESENTED HEREBY WILL BE VOTED AS
SPECIFIED. IF NO SPECIFICATION IS MADE, SUCH SHARES WILL BE VOTED &#147;FOR&#148; THE
NOMINEE LISTED IN THE PROPOSAL.</B>



<P align="center" style="font-size: 10pt"><B>LIMITED VOTE COMMON STOCK</B>



<P align="left" style="font-size: 10pt"><B>PROPOSAL: ELECTION OF DIRECTORS</B>



<P align="left" style="font-size: 10pt"><B>The Board of Directors recommends a vote FOR the nominee.</B>



<P align="left" style="font-size: 10pt"><B>Nominee (01)&nbsp;Vincent D. Foster</B>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="55%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><B>FOR</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>WITHHOLD</B></TD>
</TR>

<TR valign="bottom">
    <TD align="center" valign="top"><FONT face="Wingdings">&#111;</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><FONT face="Wingdings">&#111;</FONT></TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 10pt"><B>In their discretion, the Proxies are authorized to vote on such other business
as may properly come before the meeting or any adjournment thereof.</B>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="48%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="50%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Date:
<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>, 2004</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><hr size="1" noshade></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;Signature</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><hr size="1" noshade></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;Signature</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title:</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top"><hr size="1"  width="90%" noshade>
</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Each joint owner should sign. Signatures
should correspond with the names printed on
this Proxy. Attorneys, executors,
administrators, guardians, trustees,
corporate officers or others signing in a
respective capacity should give full title.</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>




<P align="center" style="font-size: 10pt">&nbsp;
</DIV>


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end

</TEXT>
</DOCUMENT>
</SUBMISSION>
