<SUBMISSION>
<ACCESSION-NUMBER>0000891092-03-002811
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>3
<PERIOD>20031020
<ITEMS>12
<FILING-DATE>20031020
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>IDEXX LABORATORIES INC /DE
<CIK>0000874716
<ASSIGNED-SIC>2835
<IRS-NUMBER>010393723
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>000-19271
<FILM-NUMBER>03946999
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>ONE IDEXX DRIVE
<CITY>WESTBROOK
<STATE>ME
<ZIP>04092-2041
<PHONE>2078560300
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>ONE IDEXX DRIVE
<CITY>WESTBROOK
<STATE>ME
<ZIP>04092-2041
</MAIL-ADDRESS>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>IDEXX CORP / DE
<DATE-CHANGED>19600201
</FORMER-COMPANY>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>e15917_8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<html>
<head>
<title>8-K </title>
</head>
<body>





<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 1; page: 1" -->


<p><table width=600><tr><td  align=center><font size=2><B>UNITED STATES <BR> SECURITIES AND
EXCHANGE COMMISSION <BR> WASHINGTON, D.C. 20549</B></font></td></tr></table>

<p><table width=600><tr><td  align=center><font size=2><B>FORM 8-K</B></font></td></tr></table>

<p><table width=600><tr><td  align=center><font size=2><B>CURRENT REPORT</B></font></td></tr></table>

<p><table width=600><tr><td  align=center><font size=2><B>Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934</B></font></td></tr></table>

<p><table width=600><tr><td  align=center><font size=2><B>Date of report (Date of
earliest event reported): October 20, 2003</B></font></td></tr></table>

<p><table width=600><tr><td  align=center><font size=4><B>IDEXX LABORATORIES, INC.</B></font></td></tr></table>

<table width=600><tr><td  align=center><FONT SIZE="1"><I>(Exact name of registrant as
specified in its charter)</I></FONT></td></tr></table>


<br>
<table width=600>
  <tr valign="top">
    <td  align=center><font size="2"><b>Delaware</b><br>
      <font size="1"><i>(State or other jurisdiction of<br>
      incorporation or organization) </i></font></font></td>
    <td  align=center><font size="2"><b>000-19271</b><br>
      <font size="1"><i>(Commission file number) </i></font></font></td>
    <td  align=center><font size="2"><b>01-0393723</b><br>
      <font size="1"><i>(I.R.S. Employer Identification No.) </i></font></font></td>
  </tr>
</table>
<br>
<table width=600>
  <tr valign="top">
    <td width="441"><font size=2><b>One IDEXX Drive, Westbrook, Maine </b><br>
      &nbsp;&nbsp;&nbsp;&nbsp;<i><font size="1">&nbsp;(Address of principal executive
      offices) </font></i></font></td>
    <td width="147" align="center"><font size=2><b>04092<br>
      </b><i><font size="1">(Zip Code) </font></i><b> </b></font></td>
  </tr>
</table>

<p>
<p><table width=600><tr><td  align=center><FONT SIZE="2"><B>(207) 856-0300</B> <BR>
      <I><font size="1">(Registrant&#146;s telephone number, including area code)</font></I></FONT></td>
  </tr></table>

<p><table width=600><tr><td  align=center><FONT SIZE="2"><B>Not Applicable</B> <BR>
      <I><font size="1">(Former name or former address, if changed since last
      report)</font></I></FONT></td>
  </tr></table>

<p>&nbsp;
<table width=600><tr><td width=60 align=left><font size=1>&nbsp;</font></td><td width=480 align=center><font size="2">
</font></td><td width=60 align=right><font size="1">&nbsp;</font></td></tr></table><p>&nbsp;<hr size=5 noshade width=600 align=LEFT><p>&nbsp;





<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 2; page: 2" -->




<p><table width=600><tr><td><font size=2><B>Item 12.  Results of Operations and Financial
Condition.</B></font></td></tr></table>

<br>
<table width=600>
  <tr>
    <td width=600 align=left colspan="3"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
      October 20, 2003, IDEXX Laboratories, Inc. issued a press release announcing
      earnings results for the quarter ended September 30, 2003. The full text
      of the press release issued in connection with the announcement is attached
      as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by
      reference into this Item 12.</font><font size="1">&nbsp;</font></td>
  </tr>
</table>
<br>
<table width=600>
  <tr>
    <td width=600 align=left colspan="3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font size="2">In
      accordance with general instructions to Form 8-K, the information in this
      Form 8-K and the Exhibit attached hereto is being furnished under Item 12
      and shall not be deemed &#147;filed&#148; for purposes of Section 18 of
      the Securities Exchange Act of 1934 (the &#147;Exchange Act&#148;) or otherwise
      subject to the liabilities of that section, nor shall it be deemed incorporated
      by reference in any filing under the Securities Act of 1933 or the Exchange
      Act, except as expressly set forth by specific reference in such a filing.</font><font size="1">&nbsp;</font></td>
  </tr>
</table>
<p>&nbsp;
<table width=600>
  <tr>
    <td width=60 align=left><font size=1>&nbsp;</font></td>
    <td width=480 align=center><font size="2"> 2</font></td>
    <td width=60 align=right><font size="1">&nbsp;</font></td>
  </tr>
</table>
<p>&nbsp;
<hr size=5 noshade width=600 align=LEFT>
<p>&nbsp;





<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 3; page: 3" -->



<p><table width=600><tr><td  align=center><font size=2><B>SIGNATURES</B></font></td></tr></table>

<p><table width=600><tr><td><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the
requirements of the Securities Exchange Act of 1934,  the Registrant has duly caused this
report to be signed on its behalf by the  undersigned hereunto duly authorized.</font></td></tr></table>

<p>
<table width=600>
  <tr valign="top">
    <td width="194"><font size="2"></font></td>
    <td width="85"><font size="2"></font></td>
    <td width="305"><font size="2">IDEXX LABORATORIES, INC.</font></td>
  </tr>
  <tr valign="top">
    <td width="194"><font size="2"></font></td>
    <td width="85"><font size="2"></font></td>
    <td width="305"><font size="2"></font></td>
  </tr>
  <tr valign="top">
    <td width="194"><font size="2">Date: October 20, 2003</font></td>
    <td width="85" align="right"><font size="2">By:&nbsp;</font></td>
    <td width="305"><font size="2">/s/ Merilee Raines </font>
      <hr size="1" width="80%" align="left" noshade>
      <font size="2"> Merilee Raines <br>
      Vice President, Finance and Treasurer <br>
      (Principal Financial and Accounting Officer)</font></td>
  </tr>
</table>



<p>
<p>&nbsp;
<table width=600><tr><td width=60 align=left><font size=1>&nbsp;</font></td><td width=480 align=center><font size="2">
3</font></td><td width=60 align=right><font size="1">&nbsp;</font></td></tr></table><p>&nbsp;<hr size=5 noshade width=600 align=LEFT><p>&nbsp;





<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 4; page: 4" -->




<p><table width=600><tr><td  align=center><font size=2><B>EXHIBIT INDEX</B></font></td></tr></table>

<p>
<P>
<table width=600>
  <TR>
    <TD width=19% valign=top><font size=2>Exhibit No. </font>
      <hr size="1" width="55%" align="left" noshade>
    </TD>
    <TD width=81% valign=top><font size=2>Description of Exhibit</font>
      <hr size="1" width="25%" align="left" noshade>
    </TD>
  </TR>
  <TR>
    <TD width=19% valign=top>&nbsp;</TD>
    <TD width=81% valign=top>&nbsp;</TD>
  </TR>
  <TR>
    <TD width=19% valign=top><font size=2> 99.1 </FONT></TD>
    <TD width=81% valign=top><font size=2> Press Release of IDEXX Laboratories,
      Inc. dated October 20, 2003, furnished in accordance with Item 12 of this
      Current Report on Form 8-K.</font></TD>
  </TR>
</TABLE>
<p></P>


<p>&nbsp;
<table width=600><tr><td width=60 align=left><font size=1>&nbsp;</font></td><td width=480 align=center><font size="2">
</font></td><td width=60 align=right><font size="1">&nbsp;</font></td></tr></table><p>&nbsp;<hr size=5 noshade width=600 align=LEFT><p>&nbsp;


</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>e15917ex99_1.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
<html>
<head>
<title> Exhibit 99.1</title>
</head>
<body>





<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 5; page: 5" -->



<p><table width=600><tr><td align=right><font size=2><B>Exhibit 99.1</B></font></td></tr></table>




<br>
<img src="e15917logo.gif" width="600" height="100">
<p><table width=600><tr><td align=right><font size=2><i>Contact: Merilee Raines, Vice
President, Finance, (207) 856-0446</i></font></td></tr></table>

<p><table width=600><tr><td><font size=4><B>FOR IMMEDIATE RELEASE</B></font></td></tr></table>




<p><table width=600><tr><td  align=center><FONT SIZE="5"><B>IDEXX Laboratories Announces Third
Quarter Results</B></FONT></td></tr></table>

<br>
<table width=600>
  <tr>
    <td width=3%></td>
    <td width=1% valign=top><font size=3>&#149;</font></td>
    <td width=3%></td>
    <td width=93%><font size=2>Revenue
for the third quarter increased 15% to $120.1 million. </font></td></tr></table>

<table width=600>
  <tr>
    <td width=3%></td>
    <td width=1% valign=top><font size=3>&#149;</font></td>
    <td width=3%></td>
    <td width=93%><font size=2>Net
income  increased 28% to $16.0 million. </font></td></tr></table>

<table width=600>
  <tr>
    <td width=3%></td>
    <td width=1% valign=top><font size=3>&#149;</font></td>
    <td width=3%></td>
    <td width=93%><font size=2>Earnings
per diluted share increased 23% to  $0.44.</font></td></tr></table>

<p><table width=600><tr><td><FONT SIZE="2"><B>WESTBROOK, Maine, October 20, 2003</B> &#151; IDEXX
Laboratories, Inc. (NASDAQ: IDXX) today reported that net income increased 28% to $16.0
million for the quarter ended September 30, 2003, from $12.5 million for the same period
in the prior year. Earnings per diluted share for the quarter were $0.44, a 23% increase
over earnings per diluted share of $0.36 for the quarter ended September 30, 2002.
Revenue for the third quarter of 2003 increased 15% to $120.1 million from $104.5
million for the third quarter of 2002.</FONT></td></tr></table>

<p><table width=600><tr><td><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Companion Animal
Group (CAG) revenue for the third quarter of 2003  increased 18% to $97.1 million from
$82.2 million for the third quarter of 2002.  This increase resulted primarily from
increased sales of instruments and  consumables, including the sale of 377 units of the
Company&#146;s LaserCyte&reg;  hematology system, which was introduced in the fourth quarter of
2002, and  increased sales of laboratory services and rapid assays. CAG revenue grew
approximately 3% due to the favorable impact of foreign currency exchange.</font></td></tr></table>

<p><table width=600><tr><td><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Food and
Environmental Group (FEG) revenue for the third quarter of 2003  increased 3% to $23.0
million from $22.3 million for the third quarter of 2002  primarily due to increased
sales of water testing products, partly offset by  decreased sales of production animal
diagnostic products. Excluding the  favorable effect of foreign currency exchange, FEG
sales would have been  approximately flat relative to 2002.</font></td></tr></table>

<p><table width=600><tr><td><font size=2><B>Year-to-date results</B></font></td></tr></table>

<p><table width=600><tr><td><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income
increased 37% to $44.7 million for the nine months ended  September 30, 2003, from $32.6
million for the same period in 2002. Year-to-date  earnings per diluted share for 2003
were $1.25 per diluted share, a 34% increase  over earnings per diluted share of $0.93
for the same period in the </font></td></tr></table>

<p><table width=600><tr><td  align=center><font size=2>- m o r e -</font></td></tr></table>



<p>&nbsp;
<table width=600><tr><td width=60 align=left><font size=1>&nbsp;</font></td><td width=480 align=center><font size="2">
</font></td><td width=60 align=right><font size="1">&nbsp;</font></td></tr></table><p>&nbsp;<hr size=5 noshade width=600 align=LEFT><p>&nbsp;





<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 6; page: 6" -->






<p><table width=600><tr><td><font size=2><B>IDEXX Laboratories Announces Third Quarter
Results <BR>October 20, 2003 <BR> Page 2 of 8</B></font></td></tr></table>



















<p><table width=600><tr><td><font size=2>prior year.  During the nine months ended
September 30, 2002, the Company incurred an after  tax charge of $2.2 million, or $0.06
per diluted share, related to the  retirement of its former CEO. Excluding the effect of
the 2002 charge, income  and earnings per diluted share would have increased 28% and 26%,
respectively,  in 2003. Year-to-date revenue increased 14% to $351.2 million from $306.8
million for the same period in 2002.</font></td></tr></table>

<p><table width=600><tr><td><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Companion Animal
Group revenue for the nine months ended September 30, 2003  increased 17% to $284.0
million from $243.2 million for the same period in 2002.  This increase resulted
primarily from increased sales of instruments and  consumables, rapid assays and
laboratory services. CAG revenue grew  approximately 3% due to the favorable impact of
foreign currency exchange.</font></td></tr></table>

<p><table width=600><tr><td><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Food and
Environmental Group revenue for the nine months ended September  30, 2003 increased 6% to
$67.1 million from $63.5 million for the same period in  2002. Sales growth was driven by
increased sales of water testing products,  partly offset by a decline in the dairy
testing business. Excluding the  favorable effect of foreign currency exchange, FEG sales
would have been  approximately flat relative to 2002.</font></td></tr></table>

<p><table width=600><tr><td><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Our strong
performance in the third quarter resulted to a large extent  from increased clinic-level
demand for both in-house diagnostics and laboratory  services in our Companion Animal
Group,&#148; said Jonathan Ayers, President and CEO.  &#147;This organic growth,
augmented by sales of LaserCyte systems, generated  quarterly results that slightly
exceeded our expectations.&#148;</font></td></tr></table>

<p><table width=600><tr><td><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;We continue
to be pleased with the progress of the LaserCyte system. Third  quarter sales were in
line with our expectations and we made further progress in  refining and improving our
manufacturing, sales and support processes with the  goal of creating an outstanding
customer experience for all of our LaserCyte  purchasers. At this time we are expecting
sales of 400 to 450 units in the  fourth quarter.&#148;</font></td></tr></table>

<p><table width=600><tr><td><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Separately
we announced today that we have entered into a new agreement  with Ortho-Clinical
Diagnostics, Inc., a subsidiary of Johnson &amp; Johnson,  extending our collaboration in the
veterinary clinical chemistry market through  2018. We are very excited to be extending
and strengthening this relationship,  which we believe will benefit IDEXX, our customers
and OCD.&#148;</font></td></tr></table>

<p><table width=600><tr><td><font size=2><B>Outlook for 2003</B></font></td></tr></table>

<p><table width=600><tr><td><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company offers
the following guidance for the fourth quarter of 2003:</font></td></tr></table>

<table width=600>
  <tr>
    <td width=3%></td>
    <td width=1% valign=top><font size=3>&#149;</font></td>
    <td width=3%></td>
    <td width=93%><font size=2>Revenue
is expected to be approximately $120 million.</font></td></tr></table>


<p><table width=600><tr><td  align=center><font size=2>- more - </font></td></tr></table>

<p>&nbsp;
<table width=600><tr><td width=60 align=left><font size=1>&nbsp;</font></td><td width=480 align=center><font size="2">
</font></td><td width=60 align=right><font size="1">&nbsp;</font></td></tr></table><p>&nbsp;<hr size=5 noshade width=600 align=LEFT><p>&nbsp;





<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 7; page: 7" -->






<p><table width=600><tr><td><font size=2><B>IDEXX Laboratories Announces Third Quarter
Results <BR>October 20, 2003 <BR> Page 3 of 8</B></font></td></tr></table>






<br>
<table width=600>
  <tr>
    <td width=3%></td>
    <td width=1% valign=top><font size=3>&#149;</font></td>
    <td width=3%></td>
    <td width=93%><font size=2>Operating
margin is expected to be 12% of revenue, or 18% of revenue  excluding the effect of the
charge for the write-down of fixed assets  resulting from the Company&#146;s new agreement
with Ortho-Clinical  Diagnostics announced separately today.</font></td></tr></table>

<table width=600>
  <tr>
    <td width=3%></td>
    <td width=1% valign=top><font size=3>&#149;</font></td>
    <td width=3%></td>
    <td width=93%><font size=2>Diluted
earnings per share are expected to be $0.27 to $0.28, or $0.39 to $0.40 excluding the
effect of the charge  for the write-down of fixed assets.</font></td></tr></table>

<p><table width=600><tr><td><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company offers
the following guidance for the full year of 2003:</font></td></tr></table>

<br>
<table width=600>
  <tr>
    <td width=3%></td>
    <td width=1% valign=top><font size=3>&#149;</font></td>
    <td width=3%></td>
    <td width=93%><font size=2>Revenue
is expected to be approximately $470 million.</font></td></tr></table>

<table width=600>
  <tr>
    <td width=3%></td>
    <td width=1% valign=top><font size=3>&#149;</font></td>
    <td width=3%></td>
    <td width=93%><font size=2>Operating
margin is expected to be approximately 17% of revenue, or 18% of revenue excluding the
effect of the  charge for the write-down of fixed assets.</font></td></tr></table>

<table width=600>
  <tr>
    <td width=3%></td>
    <td width=1% valign=top><font size=3>&#149;</font></td>
    <td width=3%></td>
    <td width=93%><font size=2>Diluted
earnings per share are expected to be approximately $1.53, or $1.65 excluding the effect
of the charge for  the write-down of fixed assets.</font></td></tr></table>

<p><table width=600><tr><td><font size=2><B>Outlook for 2004</B></font></td></tr></table>

<br>
<table width=600>
  <tr>
    <td width=3%></td>
    <td width=1% valign=top><font size=3>&#149;</font></td>
    <td width=3%></td>
    <td width=93%><font size=2>Revenue
is expected to be approximately $520 million.</font></td></tr></table>

<table width=600>
  <tr>
    <td width=3%></td>
    <td width=1% valign=top><font size=3>&#149;</font></td>
    <td width=3%></td>
    <td width=93%><font size=2>Diluted
earnings per share are expected to be $1.83 to $1.85.</font></td></tr></table>

<p><table width=600><tr><td><font size=2><B>Increased share repurchase authorization</B></font></td></tr></table>

<p><table width=600><tr><td><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company also
announced today that its Board of Directors  has authorized the repurchase by the Company
of an additional two million shares  of its common stock in the open market or in
negotiated transactions. These  shares are in addition to 729,000 shares remaining under
a previous Board  authorization. The timing and amount of any repurchases will be at the
discretion of the Company&#146;s management.</font></td></tr></table>

<p><table width=600><tr><td><font size=2><B>Merilee Raines promoted to Vice President and
Chief Financial Officer</B></font></td></tr></table>

<p><table width=600><tr>
    <td><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IDEXX also announced today
      that its Board of Directors has elected Merilee Raines as Vice President
      and Chief Financial Officer. Ms. Raines had been Vice President, Finance
      since 1995.</font></td>
  </tr></table>

<p><table width=600><tr><td><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Merilee
Raines has contributed enormously to our success,&#148; said Jonathan  Ayers.
&#147;Merilee has demonstrated, through her performance and leadership, the  key
financial, operational and strategic skills we require to take IDEXX&#146;s  performance to
the next level.&#148;</font></td></tr></table>

<p><table width=600><tr><td  align=center><font size=2>- more -</font></td></tr></table>

<p>&nbsp;
<table width=600><tr><td width=60 align=left><font size=1>&nbsp;</font></td><td width=480 align=center><font size="2">
</font></td><td width=60 align=right><font size="1">&nbsp;</font></td></tr></table><p>&nbsp;<hr size=5 noshade width=600 align=LEFT><p>&nbsp;





<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 8; page: 8" -->





<p><table width=600><tr><td><font size=2><B>IDEXX Laboratories Announces Third Quarter
Results <BR>October 20, 2003 <BR> Page 4 of 8</B></font></td></tr></table>







<p><table width=600><tr><td><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IDEXX
Laboratories, Inc. is a worldwide leader in the development and  commercialization of
innovative, technology-based products and services for  animal health. The Company&#146;s
largest business is focused on companion animal  health, combining biotechnology, medical
device technology and information  technology to aid veterinarians in providing better
medicine while building  successful practices. IDEXX Laboratories is also focused on
employing innovative  technologies to monitor production animal health and the safety and
quality of  drinking water and milk. Headquartered in Westbrook, Maine, IDEXX
Laboratories  employs over 2,400 people and offers products to customers in more than 100
countries.</font></td></tr></table>

<p><table width=600><tr>
    <td><font size=1><I><font size="2">This press release contains forward-looking
      statements as defined in the Private Securities Litigation Reform Act of
      1995. These statements are based on management&#146;s current expectations
      of future events, which are subject to risks and uncertainties. If underlying
      assumptions prove inaccurate, actual results could vary materially from
      management&#146;s expectations. Risks and uncertainties include timing and
      success of new product introductions, competition and technological change,
      government regulation and obtaining government approvals, product demand
      and market acceptance of products, availability of products and raw materials,
      and litigation. A further description of these risks and uncertainties and
      other factors can be found in the Company&#146;s Annual Report on Form 10-K
      for the year ended December 31, 2002 and the Quarterly Report on Form 10-Q
      for the quarter ended June 30, 2003, in the section captioned &#147;Management&#146;s
      Discussion and Analysis of Financial Condition and Results of Operations.&#148;
      The Company assumes no obligation to update any forward-looking statements
      as a result of new information or future events or developments.</font></I></font></td>
  </tr></table>


<p><table width=600><tr>
    <td  align=center><font size="2">- more -</font></td>
  </tr></table>


<p>&nbsp;
<table width=600><tr><td width=60 align=left><font size=1>&nbsp;</font></td><td width=480 align=center><font size="2">
</font></td><td width=60 align=right><font size="1">&nbsp;</font></td></tr></table><p>&nbsp;<hr size=5 noshade width=600 align=LEFT><p>&nbsp;


<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 9; page: 9" -->





<p><table width=600><tr><td><font size=2><B>IDEXX Laboratories Announces Third Quarter
Results <BR>October 20, 2003 <BR> Page 5 of 8</B></font></td></tr></table>








<p><table width=600><tr><td><font size=2><B>IDEXX Laboratories, Inc. and Subsidiaries<BR>
Consolidated Statement of Operations  </b><BR>
      <i><font size="1">Amounts in thousands except per share data (Unaudited)</font></i></font></td>
  </tr></table>


<br>
<table border=0 cellspacing=0 cellpadding=0 width="650">
  <tr>
    <td width=95 valign=bottom>
      <p><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td width=208 valign=bottom>
      <p><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td width=16 valign=bottom>
      <p align=center><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td width=155 colspan=2 valign=bottom>
      <p align=center><font size="1"><b>Three Months Ended</b></font></p>
    </td>
    <td width=19 valign=bottom>
      <p align=center><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td width=155 colspan=2 valign=bottom>
      <p align=center><font size="1"><b>Nine Months Ended</b></font></p>
    </td>
  </tr>
  <tr>
    <td width=95 valign=bottom>
      <p><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td width=208 valign=bottom>
      <p><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td width=16 valign=bottom>
      <p align=right><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="1"><b>September 30,</b></font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="1"><b>September 30,</b></font></p>
    </td>
    <td width=19 valign=bottom>
      <p align=right><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="1"><b>September 30,</b></font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="1"><b>September 30,</b></font></p>
    </td>
  </tr>
  <tr>
    <td width=95 valign=bottom>
      <p><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td width=208 valign=bottom>
      <p><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td width=16 valign=bottom>
      <p><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="1"><b>2002</b></font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="1"><b>2003</b></font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="1"><b>2002</b></font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="1"><b>2003</b></font></p>
    </td>
  </tr>
  <tr>
    <td width=95 valign=bottom>&nbsp;</td>
    <td width=551 valign=bottom colspan="7">
      <hr noshade size="1">
    </td>
  </tr>
  <tr>
    <td width=95 valign=bottom>
      <p><b><font size="2">Revenue:</font></b></p>
    </td>
    <td width=208 valign=bottom>
      <p><font size="2">Revenue</font></p>
    </td>
    <td width=16 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align="right"><font size="2">$ 104,534 </font></p>
    </td>
    <td width=77 valign=bottom>
      <p align="right"><font size="2">$ 120,061 </font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">$ 306,775 </font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">$ 351,154 </font></p>
    </td>
  </tr>
  <tr>
    <td width=95 valign=bottom>
      <p><b><font size="2">Expenses and </font></b></p>
    </td>
    <td width=208 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=16 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
  </tr>
  <tr>
    <td width=95 valign=bottom>
      <p><b><font size="2">Income:</font></b></p>
    </td>
    <td width=208 valign=bottom>
      <p><font size="2">Cost of revenue</font></p>
    </td>
    <td width=16 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 53,774 </font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 60,971 </font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 163,059 </font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 180,931 </font></p>
    </td>
  </tr>
  <tr>
    <td width=95 valign=bottom>&nbsp;</td>
    <td width=551 valign=bottom colspan="7">
      <hr noshade size="1">
    </td>
  </tr>
  <tr>
    <td width=95 valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td width=208 valign=bottom>
      <p><font size="2">Gross profit</font></p>
    </td>
    <td width=16 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 50,760 </font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 59,090 </font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 143,716 </font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 170,223 </font></p>
    </td>
  </tr>
  <tr>
    <td width=95 valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td width=208 valign=bottom>
      <p><font size="2">Sales and marketing</font></p>
    </td>
    <td width=16 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 14,074 </font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 18,222 </font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 42,164 </font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 51,743 </font></p>
    </td>
  </tr>
  <tr>
    <td width=95 valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td width=208 valign=bottom>
      <p><font size="2">General and administrative</font></p>
    </td>
    <td width=16 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 11,047 </font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 9,206 </font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 31,990 </font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 29,396 </font></p>
    </td>
  </tr>
  <tr>
    <td width=95 valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td width=208 valign=bottom>
      <p><font size="2">Research and development</font></p>
    </td>
    <td width=16 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 7,339 </font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 8,376 </font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 22,247 </font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 24,017 </font></p>
    </td>
  </tr>
  <tr>
    <td width=95 valign=bottom>&nbsp;</td>
    <td width=551 valign=bottom colspan="7">
      <hr noshade size="1">
    </td>
  </tr>
  <tr>
    <td width=95 valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td width=208 valign=bottom>
      <p><font size="2">Income from operations</font></p>
    </td>
    <td width=16 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 18,300 </font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 23,286 </font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 47,315 </font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 65,067 </font></p>
    </td>
  </tr>
  <tr>
    <td width=95 valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td width=208 valign=bottom>
      <p><font size="2">Interest income, net</font></p>
    </td>
    <td width=16 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 614 </font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 734 </font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 2,127 </font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 2,188 </font></p>
    </td>
  </tr>
  <tr>
    <td width=95 valign=bottom>&nbsp;</td>
    <td width=551 valign=bottom colspan="7">
      <hr noshade size="1">
    </td>
  </tr>
  <tr>
    <td width=95 valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td width=208 valign=bottom>
      <p><font size="2">Income before provision for income taxes</font></p>
    </td>
    <td width=16 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 18,914 </font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 24,020 </font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 49,442 </font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 67,255 </font></p>
    </td>
  </tr>
  <tr>
    <td width=95 valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td width=208 valign=bottom>
      <p><font size="2">Provision for income taxes</font></p>
    </td>
    <td width=16 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 6,431 </font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 8,047 </font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 16,810 </font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 22,530 </font></p>
    </td>
  </tr>
  <tr>
    <td width=95 valign=bottom>&nbsp;</td>
    <td width=551 valign=bottom colspan="7">
      <hr noshade size="1">
    </td>
  </tr>
  <tr>
    <td width=95 valign=bottom>
      <p><b><font size="2">Net Income:</font></b></p>
    </td>
    <td width=208 valign=bottom>
      <p><font size="2">Net income</font></p>
    </td>
    <td width=16 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">$&nbsp;&nbsp; 12,483 </font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">$&nbsp;&nbsp; 15,973 </font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">$&nbsp;&nbsp; 32,632 </font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">$&nbsp;&nbsp; 44,725 </font></p>
    </td>
  </tr>
  <tr>
    <td width=95 valign=bottom>&nbsp;</td>
    <td width=551 valign=bottom colspan="7">
      <hr noshade size="1">
    </td>
  </tr>
  <tr>
    <td width=95 valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td width=208 valign=bottom>
      <p><font size="2">Earnings per share: Basic</font></p>
    </td>
    <td width=16 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.37
        </font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.46
        </font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.97
        </font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.31
        </font></p>
    </td>
  </tr>
  <tr>
    <td width=95 valign=bottom>&nbsp;</td>
    <td width=551 valign=bottom colspan="7">
      <hr noshade size="1">
    </td>
  </tr>
  <tr>
    <td width=95 valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td width=208 valign=bottom>
      <p><font size="2">Earnings per share: Diluted</font></p>
    </td>
    <td width=16 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.36
        </font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
        0.44 </font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.93
        </font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.25
        </font></p>
    </td>
  </tr>
  <tr>
    <td width=95 valign=bottom>&nbsp;</td>
    <td width=551 valign=bottom colspan="7">
      <hr noshade size="1">
    </td>
  </tr>
  <tr>
    <td width=95 valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td width=208 valign=bottom>
      <p><font size="2">Shares outstanding: Basic</font></p>
    </td>
    <td width=16 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 33,301 </font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 34,408 </font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 33,666 </font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 34,109 </font></p>
    </td>
  </tr>
  <tr>
    <td width=95 valign=bottom>&nbsp;</td>
    <td width=551 valign=bottom colspan="7">
      <hr noshade size="1">
    </td>
  </tr>
  <tr>
    <td width=95 valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td width=208 valign=bottom>
      <p><font size="2">Shares outstanding: Diluted</font></p>
    </td>
    <td width=16 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 34,632 </font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 35,977 </font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 34,981 </font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 35,706 </font></p>
    </td>
  </tr>
  <tr>
    <td width=95 valign=bottom>&nbsp;</td>
    <td width=551 valign=bottom colspan="7">
      <hr noshade size="1">
    </td>
  </tr>
  <tr>
    <td width=303 colspan=2 valign=bottom>&nbsp;</td>
    <td width=16 valign=bottom>&nbsp;</td>
    <td width=77 valign=bottom>&nbsp;</td>
    <td width=77 valign=bottom>&nbsp;</td>
    <td width=19 valign=bottom>&nbsp;</td>
    <td width=77 valign=bottom>&nbsp;</td>
    <td width=77 valign=bottom>&nbsp;</td>
  </tr>
  <tr>
    <td width=303 colspan=2 valign=bottom>
      <p><font size="2"><b>IDEXX Laboratories, Inc. and Subsidiaries</b></font></p>
    </td>
    <td width=16 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
  </tr>
  <tr>
    <td width=303 colspan=2 valign=bottom>
      <p><font size="2"><b>Key Operating Ratios</b><i> (Unaudited)</i></font></p>
    </td>
    <td width=16 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
  </tr>
  <tr>
    <td width=95 valign=bottom>&nbsp;</td>
    <td width=208 valign=bottom>&nbsp;</td>
    <td width=16 valign=bottom>&nbsp;</td>
    <td width=155 colspan=2 valign=bottom>&nbsp;</td>
    <td width=19 valign=bottom>&nbsp;</td>
    <td width=155 colspan=2 valign=bottom>&nbsp;</td>
  </tr>
  <tr>
    <td width=95 valign=bottom>
      <p><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td width=208 valign=bottom>
      <p><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td width=16 valign=bottom>
      <p align=center><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td width=155 colspan=2 valign=bottom>
      <p align=center><font size="1"><b>Three Months Ended</b></font></p>
    </td>
    <td width=19 valign=bottom>
      <p align=center><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td width=155 colspan=2 valign=bottom>
      <p align=center><font size="1"><b>Nine Months Ended</b></font></p>
    </td>
  </tr>
  <tr>
    <td width=95 valign=bottom>
      <p><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td width=208 valign=bottom>
      <p><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td width=16 valign=bottom>
      <p align=right><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="1"><b>September 30,</b></font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="1"><b>September 30,</b></font></p>
    </td>
    <td width=19 valign=bottom>
      <p align=right><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="1"><b>September 30,</b></font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="1"><b>September 30,</b></font></p>
    </td>
  </tr>
  <tr>
    <td width=95 valign=bottom>
      <p><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td width=208 valign=bottom>
      <p><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td width=16 valign=bottom>
      <p align=right><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="1"><b>2002</b></font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="1"><b>2003</b></font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="1"><b>2002</b></font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="1"><b>2003</b></font></p>
    </td>
  </tr>
  <tr>
    <td width=95 valign=bottom>&nbsp;</td>
    <td width=551 valign=bottom colspan="7">
      <hr noshade size="1">
    </td>
  </tr>
  <tr>
    <td width=95 valign=bottom>
      <p><b><font size="2">Key Operating</font></b></p>
    </td>
    <td width=208 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=16 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td width=19 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
  </tr>
  <tr>
    <td width=95 valign=bottom>
      <p><b><font size="2">Ratios (as a</font></b></p>
    </td>
    <td width=208 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=16 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td width=19 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
  </tr>
  <tr>
    <td width=95 valign=bottom>
      <p><b><font size="2">percentage of</font></b></p>
    </td>
    <td width=208 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=16 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td width=19 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
  </tr>
  <tr>
    <td width=95 valign=bottom>
      <p><b><font size="2">revenue):</font></b></p>
    </td>
    <td width=208 valign=bottom>
      <p><font size="2">Gross profit</font></p>
    </td>
    <td width=16 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">48.6%</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">49.2%</font></p>
    </td>
    <td width=19 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">46.8%</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">48.5%</font></p>
    </td>
  </tr>
  <tr>
    <td width=95 valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td width=208 valign=bottom>
      <p><font size="2">Sales, marketing, general and </font></p>
    </td>
    <td width=16 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td width=19 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
  </tr>
  <tr>
    <td width=95 valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td width=208 valign=bottom>
      <p><font size="2">&nbsp;&nbsp;administrative expense</font></p>
    </td>
    <td width=16 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">24.1%</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">22.8%</font></p>
    </td>
    <td width=19 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">24.2%</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">23.2%</font></p>
    </td>
  </tr>
  <tr>
    <td width=95 valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td width=208 valign=bottom>
      <p><font size="2">Research and development expense</font></p>
    </td>
    <td width=16 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">7.0%</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">7.0%</font></p>
    </td>
    <td width=19 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">7.2%</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">6.8%</font></p>
    </td>
  </tr>
  <tr>
    <td width=95 valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td width=208 valign=bottom>
      <p><font size="2">Income from operations</font></p>
    </td>
    <td width=16 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">17.5%</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">19.4%</font></p>
    </td>
    <td width=19 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">15.4%</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">18.5%</font></p>
    </td>
  </tr>
  <tr>
    <td width=95 valign=bottom>&nbsp;</td>
    <td width=551 valign=bottom colspan="7">
      <hr noshade size="1">
    </td>
  </tr>
  <tr>
    <td width=95>
      <p><b><font size="2">International</font></b></p>
    </td>
    <td width=208 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=16 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
  </tr>
  <tr>
    <td width=95>
      <p><b><font size="2">Revenue:</font></b></p>
    </td>
    <td width=208>
      <p><font size="2">International revenue</font></p>
    </td>
    <td width=16 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">28.7%</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">29.4%</font></p>
    </td>
    <td width=19 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">28.9%</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">29.8%</font></p>
    </td>
  </tr>
  <tr>
    <td width=95 valign=bottom>&nbsp;</td>
    <td width=551 valign=bottom colspan="7">
      <hr noshade size="1">
    </td>
  </tr>
</table>
<br>
<table width=600><tr><td  align=center><font size=2>- more -</font></td></tr></table>

<p>&nbsp;
<table width=600><tr><td width=60 align=left><font size=1>&nbsp;</font></td><td width=480 align=center><font size="2">
</font></td><td width=60 align=right><font size="1">&nbsp;</font></td></tr></table><p>&nbsp;<hr size=5 noshade width=600 align=LEFT><p>&nbsp;





<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 10; page: 10" -->





<p><table width=600><tr><td><font size=2><B>IDEXX Laboratories Announces Third Quarter
Results <BR>October 20, 2003 <BR> Page 6 of 8</B></font></td></tr></table>









<p><table width=600><tr><td><font size=2><B>IDEXX Laboratories, Inc. and Subsidiaries<BR>
Segment Information  </b><BR><i>Amounts in thousands (Unaudited)</i></font></td></tr></table>


<br>
<table border=0 cellspacing=0 cellpadding=0 width="650">
  <tr>
    <td width=99 valign=bottom>
      <p><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td width=204 valign=bottom>
      <p><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td width=16 valign=bottom>
      <p align=right><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td width=155 colspan=2 valign=bottom>
      <p align=center><font size="1"><b>Three Months Ended</b></font></p>
    </td>
    <td width=19 valign=bottom>
      <p align=center><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td width=155 colspan=2 valign=bottom>
      <p align=center><font size="1"><b>Nine Months Ended</b></font></p>
    </td>
  </tr>
  <tr>
    <td width=99 valign=bottom>
      <p><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td width=204 valign=bottom>
      <p><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td width=16 valign=bottom>
      <p align=right><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="1"><b>September 30,</b></font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="1"><b>September 30,</b></font></p>
    </td>
    <td width=19 valign=bottom>
      <p align=right><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="1"><b>September 30,</b></font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="1"><b>September 30,</b></font></p>
    </td>
  </tr>
  <tr>
    <td width=99 valign=bottom>
      <p><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td width=204 valign=bottom>
      <p><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td width=16 valign=bottom>
      <p align=right><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="1"><b>2002</b></font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="1"><b>2003</b></font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="1"><b>2002</b></font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="1"><b>2003</b></font></p>
    </td>
  </tr>
  <tr>
    <td width=99 valign=bottom>&nbsp;</td>
    <td width=547 valign=bottom colspan="7">
      <hr noshade size="1">
    </td>
  </tr>
  <tr>
    <td width=99 valign=bottom>
      <p><b><font size="2">Revenue:</font></b></p>
    </td>
    <td width=204 valign=bottom>
      <p><font size="2">Companion Animal Group</font></p>
    </td>
    <td width=16 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align="right"><font size="2">$ 82,203 </font></p>
    </td>
    <td width=77 valign=bottom>
      <p align="right"><font size="2">$ 97,059 </font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">$ 243,246 </font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">$ 284,041 </font></p>
    </td>
  </tr>
  <tr>
    <td width=99 valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td width=204 valign=bottom>
      <p><font size="2">Food and Environmental Group</font></p>
    </td>
    <td width=16 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 22,331 </font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 23,002 </font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 63,529 </font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 67,113 </font></p>
    </td>
  </tr>
  <tr>
    <td width=99 valign=bottom>&nbsp;</td>
    <td width=547 valign=bottom colspan="7">
      <hr noshade size="1">
    </td>
  </tr>
  <tr>
    <td width=99 valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td width=204 valign=bottom>
      <p><font size="2">Total</font></p>
    </td>
    <td width=16 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">$ 104,534 </font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">$ 120,061 </font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">$ 306,775 </font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">$ 351,154 </font></p>
    </td>
  </tr>
  <tr>
    <td width=99 valign=bottom>&nbsp;</td>
    <td width=547 valign=bottom colspan="7">
      <hr noshade size="1">
    </td>
  </tr>
  <tr>
    <td width=99 valign=bottom>&nbsp;</td>
    <td width=204 valign=bottom>&nbsp;</td>
    <td width=16 valign=bottom>&nbsp;</td>
    <td width=77 valign=bottom>&nbsp;</td>
    <td width=77 valign=bottom>&nbsp;</td>
    <td width=19 valign=bottom>&nbsp;</td>
    <td width=77 valign=bottom>&nbsp;</td>
    <td width=77 valign=bottom>&nbsp;</td>
  </tr>
  <tr>
    <td width=99 valign=bottom>
      <p><b><font size="2">Gross Profit:</font></b></p>
    </td>
    <td width=204 valign=bottom>
      <p><font size="2">Companion Animal Group</font></p>
    </td>
    <td width=16 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">$ 36,953 </font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">$ 44,905 </font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">$ 106,853 </font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">$ 130,554 </font></p>
    </td>
  </tr>
  <tr>
    <td width=99 valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td width=204 valign=bottom>
      <p><font size="2">Food and Environmental Group</font></p>
    </td>
    <td width=16 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 13,807 </font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 14,185 </font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 36,863 </font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 39,669 </font></p>
    </td>
  </tr>
  <tr>
    <td width=99 valign=bottom>&nbsp;</td>
    <td width=547 valign=bottom colspan="7">
      <hr noshade size="1">
    </td>
  </tr>
  <tr>
    <td width=99 valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td width=204 valign=bottom>
      <p><font size="2">Total</font></p>
    </td>
    <td width=16 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">$ 50,760 </font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">$ 59,090 </font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">$ 143,716 </font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">$ 170,223 </font></p>
    </td>
  </tr>
  <tr>
    <td width=99 valign=bottom>&nbsp;</td>
    <td width=547 valign=bottom colspan="7">
      <hr noshade size="1">
    </td>
  </tr>
  <tr>
    <td width=99 valign=bottom>&nbsp;</td>
    <td width=204 valign=bottom>&nbsp;</td>
    <td width=16 valign=bottom>&nbsp;</td>
    <td width=77 valign=bottom>&nbsp;</td>
    <td width=77 valign=bottom>&nbsp;</td>
    <td width=19 valign=bottom>&nbsp;</td>
    <td width=77 valign=bottom>&nbsp;</td>
    <td width=77 valign=bottom>&nbsp;</td>
  </tr>
  <tr>
    <td width=99 valign=bottom>
      <p><b><font size="2">Income from</font></b></p>
    </td>
    <td width=204 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=16 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
  </tr>
  <tr>
    <td width=99 valign=bottom>
      <p><b><font size="2">Operations:</font></b></p>
    </td>
    <td width=204 valign=bottom>
      <p><font size="2">Companion Animal Group</font></p>
    </td>
    <td width=16 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">$ 11,579 </font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">$ 16,788 </font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">$ 33,584 </font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">$ 48,000 </font></p>
    </td>
  </tr>
  <tr>
    <td width=99 valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td width=204 valign=bottom>
      <p><font size="2">Food and Environmental Group</font></p>
    </td>
    <td width=16 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 7,226 </font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 7,646 </font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 19,161 </font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 19,756 </font></p>
    </td>
  </tr>
  <tr>
    <td width=99 valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td width=204 valign=bottom>
      <p><font size="2">Other</font></p>
    </td>
    <td width=16 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> (505)</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> (1,148)</font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> (5,430)</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> (2,689)</font></p>
    </td>
  </tr>
  <tr>
    <td width=99 valign=bottom>&nbsp;</td>
    <td width=547 valign=bottom colspan="7">
      <hr noshade size="1">
    </td>
  </tr>
  <tr>
    <td width=99 valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td width=204 valign=bottom>
      <p><font size="2">Total</font></p>
    </td>
    <td width=16 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">$ 18,300 </font></p>
    </td>
    <td width=77 valign=bottom>
      <p align="right"><font size="2">$ 23,286 </font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">$ 47,315 </font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">$ 65,067 </font></p>
    </td>
  </tr>
  <tr>
    <td width=99 valign=bottom>&nbsp;</td>
    <td width=547 valign=bottom colspan="7">
      <hr noshade size="1">
    </td>
  </tr>
  <tr>
    <td width=99 valign=bottom>&nbsp;</td>
    <td width=204 valign=bottom>&nbsp;</td>
    <td width=16 valign=bottom>&nbsp;</td>
    <td width=77 valign=bottom>&nbsp;</td>
    <td width=77 valign=bottom>&nbsp;</td>
    <td width=19 valign=bottom>&nbsp;</td>
    <td width=77 valign=bottom>&nbsp;</td>
    <td width=77 valign=bottom>&nbsp;</td>
  </tr>
  <tr>
    <td width=99 valign=bottom>
      <p><b><font size="2">Gross Profit</font></b></p>
    </td>
    <td width=204 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=16 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
  </tr>
  <tr>
    <td width=99 valign=bottom>
      <p><b><font size="2">(as a </font></b></p>
    </td>
    <td width=204 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=16 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
  </tr>
  <tr>
    <td width=99 valign=bottom>
      <p><b><font size="2">percentage of </font></b></p>
    </td>
    <td width=204 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=16 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td width=19 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
  </tr>
  <tr>
    <td width=99 valign=bottom>
      <p><b><font size="2">revenue):</font></b></p>
    </td>
    <td width=204 valign=bottom>
      <p><font size="2">Companion Animal Group</font></p>
    </td>
    <td width=16 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">45.0%</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">46.3%</font></p>
    </td>
    <td width=19 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">43.9%</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">46.0%</font></p>
    </td>
  </tr>
  <tr>
    <td width=99 valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td width=204 valign=bottom>
      <p><font size="2">Food and Environmental Group</font></p>
    </td>
    <td width=16 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">61.8%</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">61.7%</font></p>
    </td>
    <td width=19 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">58.0%</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">59.1%</font></p>
    </td>
  </tr>
  <tr>
    <td width=99 valign=bottom>&nbsp;</td>
    <td width=204 valign=bottom>&nbsp;</td>
    <td width=16 valign=bottom>&nbsp;</td>
    <td width=77 valign=bottom>&nbsp;</td>
    <td width=77 valign=bottom>&nbsp;</td>
    <td width=19 valign=bottom>&nbsp;</td>
    <td width=77 valign=bottom>&nbsp;</td>
    <td width=77 valign=bottom>&nbsp;</td>
  </tr>
  <tr>
    <td width=99 valign=bottom>
      <p><b><font size="2">Operating </font></b></p>
    </td>
    <td width=204 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=16 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td width=19 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
  </tr>
  <tr>
    <td width=99 valign=bottom>
      <p><b><font size="2">Profit: (as a </font></b></p>
    </td>
    <td width=204 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=16 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td width=19 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
  </tr>
  <tr>
    <td width=99 valign=bottom>
      <p><b><font size="2">percentage of </font></b></p>
    </td>
    <td width=204 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=16 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td width=19 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
  </tr>
  <tr>
    <td width=99 valign=bottom>
      <p><b><font size="2">revenue):</font></b></p>
    </td>
    <td width=204 valign=bottom>
      <p><font size="2">Companion Animal Group</font></p>
    </td>
    <td width=16 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">14.1%</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">17.3%</font></p>
    </td>
    <td width=19 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">13.8%</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">16.9%</font></p>
    </td>
  </tr>
  <tr>
    <td width=99 valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td width=204 valign=bottom>
      <p><font size="2">Food and Environmental Group</font></p>
    </td>
    <td width=16 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">32.4%</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">33.2%</font></p>
    </td>
    <td width=19 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">30.2%</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">29.4%</font></p>
    </td>
  </tr>
</table>
<p>
<table width=600><tr><td  align=center><font size=2>- more -</font></td></tr></table>



<p>&nbsp;
<table width=600><tr><td width=60 align=left><font size=1>&nbsp;</font></td><td width=480 align=center><font size="2">
</font></td><td width=60 align=right><font size="1">&nbsp;</font></td></tr></table><p>&nbsp;<hr size=5 noshade width=600 align=LEFT><p>&nbsp;

<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 11; page: 11" -->






<p><table width=600><tr><td><font size=2><B>IDEXX Laboratories Announces Third Quarter
Results <BR>October 20, 2003 <BR> Page 7 of 8</B></font></td></tr></table>








<p><table width=600><tr>
    <td><font size=2><B>IDEXX Laboratories, Inc. and Subsidiaries <br>
      Consolidated Balance Sheet </b><BR>
      <i>Amounts in thousands (Unaudited)</i></font></td></tr></table>


<br>
<table border=0 cellspacing=0 cellpadding=0 width="650">
  <tr>
    <td width=90 valign=bottom>
      <p><b><font size="1">&nbsp;</font></b></p>
    </td>
    <td width=226 valign=bottom>
      <p><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td width=90 valign=bottom>
      <p align=center><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td width=21 valign=bottom>
      <p><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td width=47 valign=bottom>
      <p align=right><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="1"><b>December 31, </b></font></p>
    </td>
    <td width=80 valign=bottom>
      <p align=right><font size="1"><b>September 30,</b></font></p>
    </td>
  </tr>
  <tr>
    <td width=90 valign=bottom>
      <p><b><font size="1">&nbsp;</font></b></p>
    </td>
    <td width=226 valign=bottom>
      <p><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td width=90 valign=bottom>
      <p><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td width=21 valign=bottom>
      <p><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td width=47 valign=bottom>
      <p><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="1"><b>2002</b></font></p>
    </td>
    <td width=80 valign=bottom>
      <p align=right><font size="1"><b>2003</b></font></p>
    </td>
  </tr>
  <tr>
    <td width=90 valign=bottom><b></b></td>
    <td colspan=7 valign=bottom>
      <hr noshade size="1">
    </td>
  </tr>
  <tr>
    <td width=90 valign=bottom>
      <p><b><font size="2">Assets:</font></b></p>
    </td>
    <td width=226 valign=bottom>
      <p><font size="2"><b>Current Assets:</b></font></p>
    </td>
    <td width=90 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=21 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=47 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td width=80 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
  </tr>
  <tr>
    <td width=90 valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td width=226 valign=bottom>
      <p><font size="2">Cash and cash equivalents</font></p>
    </td>
    <td width=90 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=21 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=47 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">$ 113,788 </font></p>
    </td>
    <td width=80 valign=bottom>
      <p align=right><font size="2">$ 176,857 </font></p>
    </td>
  </tr>
  <tr>
    <td width=90 valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td width=226 valign=bottom>
      <p><font size="2">Short-term investments</font></p>
    </td>
    <td width=90 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=21 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=47 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 33,403 </font></p>
    </td>
    <td width=80 valign=bottom>
      <p align=right><font size="2"> 39,323 </font></p>
    </td>
  </tr>
  <tr>
    <td width=90 valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td width=226 valign=bottom>
      <p><font size="2">Accounts receivable, net</font></p>
    </td>
    <td width=90 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=21 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=47 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 45,689 </font></p>
    </td>
    <td width=80 valign=bottom>
      <p align=right><font size="2"> 50,672 </font></p>
    </td>
  </tr>
  <tr>
    <td width=90 valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td width=226 valign=bottom>
      <p><font size="2">Inventories</font></p>
    </td>
    <td width=90 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=21 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=47 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 75,086 </font></p>
    </td>
    <td width=80 valign=bottom>
      <p align=right><font size="2"> 69,295 </font></p>
    </td>
  </tr>
  <tr>
    <td width=90 valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td width=226 valign=bottom>
      <p><font size="2">Other current assets</font></p>
    </td>
    <td width=90 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=21 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=47 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 21,154 </font></p>
    </td>
    <td width=80 valign=bottom>
      <p align=right><font size="2"> 21,211 </font></p>
    </td>
  </tr>
  <tr>
    <td width=90 valign=bottom><b></b></td>
    <td colspan=7 valign=bottom>
      <hr noshade size="1">
    </td>
  </tr>
  <tr>
    <td width=90 valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td width=226 valign=bottom>
      <p><b><font size="2">Total current assets</font></b></p>
    </td>
    <td width=90 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=21 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=47 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 289,120 </font></p>
    </td>
    <td width=80 valign=bottom>
      <p align=right><font size="2"> 357,358 </font></p>
    </td>
  </tr>
  <tr>
    <td width=90 valign=bottom><b></b></td>
    <td colspan=7 valign=bottom>
      <hr noshade size="1">
    </td>
  </tr>
  <tr>
    <td width=90 valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td width=226 valign=bottom>
      <p><b><font size="2">Long-term investments</font></b></p>
    </td>
    <td width=90 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=21 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=47 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 15,572 </font></p>
    </td>
    <td width=80 valign=bottom>
      <p align=right><font size="2"> 25,110 </font></p>
    </td>
  </tr>
  <tr>
    <td width=90 valign=bottom><b></b></td>
    <td colspan=7 valign=bottom>
      <hr noshade size="1">
    </td>
  </tr>
  <tr>
    <td width=90 valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td width=226 valign=bottom>
      <p><font size="2">Property and equipment - cost</font></p>
    </td>
    <td width=90 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=21 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=47 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 115,309 </font></p>
    </td>
    <td width=80 valign=bottom>
      <p align=right><font size="2"> 116,317 </font></p>
    </td>
  </tr>
  <tr>
    <td width=90 valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td width=226 valign=bottom>
      <p><font size="2">Less - Accumulated depreciation</font></p>
    </td>
    <td width=90 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=21 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=47 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 65,854 </font></p>
    </td>
    <td width=80 valign=bottom>
      <p align=right><font size="2"> 64,485 </font></p>
    </td>
  </tr>
  <tr>
    <td width=90 valign=bottom><b></b></td>
    <td colspan=7 valign=bottom>
      <hr noshade size="1">
    </td>
  </tr>
  <tr>
    <td width=90 valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td width=226 valign=bottom>
      <p><b><font size="2">Property and equipment, net</font></b></p>
    </td>
    <td width=90 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=21 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=47 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 49,455 </font></p>
    </td>
    <td width=80 valign=bottom>
      <p align=right><font size="2"> 51,832 </font></p>
    </td>
  </tr>
  <tr>
    <td width=90 valign=bottom><b></b></td>
    <td colspan=7 valign=bottom>
      <hr noshade size="1">
    </td>
  </tr>
  <tr>
    <td width=90 valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td width=226 valign=bottom>
      <p><b><font size="2">Goodwill, net</font></b></p>
    </td>
    <td width=90 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=21 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=47 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 52,321 </font></p>
    </td>
    <td width=80 valign=bottom>
      <p align=right><font size="2"> 53,499 </font></p>
    </td>
  </tr>
  <tr>
    <td width=90 valign=bottom><b></b></td>
    <td colspan=7 valign=bottom>
      <hr noshade size="1">
    </td>
  </tr>
  <tr>
    <td width=90 valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td width=226 valign=bottom>
      <p><b><font size="2">Other intangible assets, net</font></b></p>
    </td>
    <td width=90 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=21 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=47 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 3,836 </font></p>
    </td>
    <td width=80 valign=bottom>
      <p align=right><font size="2"> 4,439 </font></p>
    </td>
  </tr>
  <tr>
    <td width=90 valign=bottom><b></b></td>
    <td colspan=7 valign=bottom>
      <hr noshade size="1">
    </td>
  </tr>
  <tr>
    <td width=90 valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td width=226 valign=bottom>
      <p><b><font size="2">Other non-current assets, net</font></b></p>
    </td>
    <td width=90 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=21 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=47 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 6,348 </font></p>
    </td>
    <td width=80 valign=bottom>
      <p align=right><font size="2"> 4,981 </font></p>
    </td>
  </tr>
  <tr>
    <td width=90 valign=bottom><b></b></td>
    <td colspan=7 valign=bottom>
      <hr noshade size="1">
    </td>
  </tr>
  <tr>
    <td width=90 valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td width=226 valign=bottom>
      <p><b><font size="2">Total assets</font></b></p>
    </td>
    <td width=90 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=21 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=47 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">$ 416,652 </font></p>
    </td>
    <td width=80 valign=bottom>
      <p align=right><font size="2">$ 497,219 </font></p>
    </td>
  </tr>
  <tr>
    <td width=90 valign=bottom><b></b></td>
    <td colspan=7 valign=bottom>
      <hr noshade size="1">
    </td>
  </tr>
  <tr>
    <td width=90 valign=bottom><b></b></td>
    <td width=226 valign=bottom>&nbsp;</td>
    <td width=90 valign=bottom>&nbsp;</td>
    <td width=21 valign=bottom>&nbsp;</td>
    <td width=47 valign=bottom>&nbsp;</td>
    <td width=19 valign=bottom>&nbsp;</td>
    <td width=77 valign=bottom>&nbsp;</td>
    <td width=80 valign=bottom>&nbsp;</td>
  </tr>
  <tr>
    <td width=90 valign=bottom>
      <p><b><font size="2">Liabilities and </font></b></p>
    </td>
    <td width=226 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=90 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=21 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=47 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td width=80 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
  </tr>
  <tr>
    <td width=90 valign=bottom>
      <p><b><font size="2">Stockholders&#146; </font></b></p>
    </td>
    <td width=226 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=90 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=21 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=47 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td width=80 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
  </tr>
  <tr>
    <td width=90 valign=bottom>
      <p><b><font size="2">Equity:</font></b></p>
    </td>
    <td width=226 valign=bottom>
      <p><b><font size="2">Current Liabilities:</font></b></p>
    </td>
    <td width=90 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=21 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=47 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td width=80 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
  </tr>
  <tr>
    <td width=90 valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td width=226 valign=bottom>
      <p><font size="2">Accounts payable</font></p>
    </td>
    <td width=90 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=21 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=47 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">$ 9,427 </font></p>
    </td>
    <td width=80 valign=bottom>
      <p align=right><font size="2">$ 12,600 </font></p>
    </td>
  </tr>
  <tr>
    <td width=90 valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td width=226 valign=bottom>
      <p><font size="2">Accrued expenses</font></p>
    </td>
    <td width=90 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=21 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=47 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 51,710 </font></p>
    </td>
    <td width=80 valign=bottom>
      <p align=right><font size="2"> 66,597 </font></p>
    </td>
  </tr>
  <tr>
    <td width=90 valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td width=226 valign=bottom>
      <p><font size="2">Notes payable</font></p>
    </td>
    <td width=90 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=21 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=47 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 973 </font></p>
    </td>
    <td width=80 valign=bottom>
      <p align=right><font size="2"> 489 </font></p>
    </td>
  </tr>
  <tr>
    <td width=90 valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td width=226 valign=bottom>
      <p><font size="2">Deferred revenue</font></p>
    </td>
    <td width=90 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=21 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=47 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 7,662 </font></p>
    </td>
    <td width=80 valign=bottom>
      <p align=right><font size="2"> 8,271 </font></p>
    </td>
  </tr>
  <tr>
    <td width=90 valign=bottom><b></b></td>
    <td colspan=7 valign=bottom>
      <hr noshade size="1">
    </td>
  </tr>
  <tr>
    <td width=90 valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td width=226 valign=bottom>
      <p><font size="2"><b>Total current liabilities</b></font></p>
    </td>
    <td width=90 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=21 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=47 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 69,772 </font></p>
    </td>
    <td width=80 valign=bottom>
      <p align=right><font size="2"> 87,957 </font></p>
    </td>
  </tr>
  <tr>
    <td width=90 valign=bottom><b></b></td>
    <td colspan=7 valign=bottom>
      <hr noshade size="1">
    </td>
  </tr>
  <tr>
    <td width=90 valign=bottom><b></b></td>
    <td width=226 valign=bottom>&nbsp;</td>
    <td width=90 valign=bottom>&nbsp;</td>
    <td width=21 valign=bottom>&nbsp;</td>
    <td width=47 valign=bottom>&nbsp;</td>
    <td width=19 valign=bottom>&nbsp;</td>
    <td width=77 valign=bottom>&nbsp;</td>
    <td width=80 valign=bottom>&nbsp;</td>
  </tr>
  <tr>
    <td width=90 valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td width=226 valign=bottom>
      <p><font size="2"><b>Long-term Liabilities:</b></font></p>
    </td>
    <td width=90 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=21 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=47 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td width=80 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
  </tr>
  <tr>
    <td width=90 valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td width=226 valign=bottom>
      <p><font size="2">Deferred tax liabilities</font></p>
    </td>
    <td width=90 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=21 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=47 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> - </font></p>
    </td>
    <td width=80 valign=bottom>
      <p align=right><font size="2"> 1,083 </font></p>
    </td>
  </tr>
  <tr>
    <td width=90 valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td width=226 valign=bottom>
      <p><font size="2">Deferred revenue</font></p>
    </td>
    <td width=90 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=21 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=47 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 5,907 </font></p>
    </td>
    <td width=80 valign=bottom>
      <p align=right><font size="2"> 5,120 </font></p>
    </td>
  </tr>
  <tr>
    <td width=90 valign=bottom><b></b></td>
    <td colspan=7 valign=bottom>
      <hr noshade size="1">
    </td>
  </tr>
  <tr>
    <td width=90 valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td width=226 valign=bottom>
      <p><font size="2"><b>Total long-term liabilities</b></font></p>
    </td>
    <td width=90 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=21 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=47 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 5,907 </font></p>
    </td>
    <td width=80 valign=bottom>
      <p align=right><font size="2"> 6,203 </font></p>
    </td>
  </tr>
  <tr>
    <td width=90 valign=bottom><b></b></td>
    <td colspan=7 valign=bottom>
      <hr noshade size="1">
    </td>
  </tr>
  <tr>
    <td width=90 valign=bottom><b></b></td>
    <td width=226 valign=bottom>&nbsp;</td>
    <td width=90 valign=bottom>&nbsp;</td>
    <td width=21 valign=bottom>&nbsp;</td>
    <td width=47 valign=bottom>&nbsp;</td>
    <td width=19 valign=bottom>&nbsp;</td>
    <td width=77 valign=bottom>&nbsp;</td>
    <td width=80 valign=bottom>&nbsp;</td>
  </tr>
  <tr>
    <td width=90 valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td width=226 valign=bottom>
      <p><b><font size="2">Partner&#146;s interest in subsidiary</font></b></p>
    </td>
    <td width=90 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=21 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=47 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> - </font></p>
    </td>
    <td width=80 valign=bottom>
      <p align=right><font size="2"> 240 </font></p>
    </td>
  </tr>
  <tr>
    <td width=90 valign=bottom><b></b></td>
    <td width=226 valign=bottom><b></b></td>
    <td width=90 valign=bottom>&nbsp;</td>
    <td width=21 valign=bottom>&nbsp;</td>
    <td width=47 valign=bottom>&nbsp;</td>
    <td width=19 valign=bottom>&nbsp;</td>
    <td width=77 valign=bottom>&nbsp;</td>
    <td width=80 valign=bottom>&nbsp;</td>
  </tr>
  <tr>
    <td width=90 valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td width=226 valign=bottom>
      <p><b><font size="2">Stockholders&#146; Equity:</font></b></p>
    </td>
    <td width=90 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=21 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=47 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td width=80 valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
  </tr>
  <tr>
    <td width=90 valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td width=226 valign=bottom>
      <p><font size="2">Common stock, $0.10 par value: </font></p>
    </td>
    <td width=90 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=21 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=47 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=80 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
  </tr>
  <tr>
    <td width=90 valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td width=226 valign=bottom>
      <p><font size="2">&nbsp;&nbsp;authorized 60,000 shares, issued 42,331</font></p>
    </td>
    <td width=90 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=21 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=47 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=80 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
  </tr>
  <tr>
    <td width=90 valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td width=226 valign=bottom>
      <p><font size="2">&nbsp;&nbsp;shares in 2002 and 44,101 in 2003</font></p>
    </td>
    <td width=90 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=21 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=47 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 4,233 </font></p>
    </td>
    <td width=80 valign=bottom>
      <p align=right><font size="2"> 4,410 </font></p>
    </td>
  </tr>
  <tr>
    <td width=90 valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td width=226 valign=bottom>
      <p><font size="2">Additional paid-in capital</font></p>
    </td>
    <td width=90 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=21 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=47 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 334,348 </font></p>
    </td>
    <td width=80 valign=bottom>
      <p align=right><font size="2"> 375,772 </font></p>
    </td>
  </tr>
  <tr>
    <td width=90 valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td width=226 valign=bottom>
      <p><font size="2">Deferred equity-based compensation</font></p>
    </td>
    <td width=90 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=21 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=47 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> - </font></p>
    </td>
    <td width=80 valign=bottom>
      <p align=right><font size="2"> 88 </font></p>
    </td>
  </tr>
  <tr>
    <td width=90 valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td width=226 valign=bottom>
      <p><font size="2">Retained earnings</font></p>
    </td>
    <td width=90 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=21 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=47 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 183,260 </font></p>
    </td>
    <td width=80 valign=bottom>
      <p align=right><font size="2"> 227,985 </font></p>
    </td>
  </tr>
  <tr>
    <td width=90 valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td width=226 valign=bottom>
      <p><font size="2">Treasury stock (8,650 shares in 2002 and </font></p>
    </td>
    <td width=90 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=21 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=47 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=80 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
  </tr>
  <tr>
    <td width=90 valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td width=226 valign=bottom>
      <p><font size="2"> &nbsp;&nbsp;9,441 shares in 2003), at cost</font></p>
    </td>
    <td width=90 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=21 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=47 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> (178,357)</font></p>
    </td>
    <td width=80 valign=bottom>
      <p align=right><font size="2"> (206,759)</font></p>
    </td>
  </tr>
  <tr>
    <td width=90 valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td colspan=2 valign=bottom>
      <p><font size="2">Accumulated other comprehensive income (loss)</font></p>
    </td>
    <td width=21 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=47 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> (2,511)</font></p>
    </td>
    <td width=80 valign=bottom>
      <p align=right><font size="2"> 1,323 </font></p>
    </td>
  </tr>
  <tr>
    <td width=90 valign=bottom><b></b></td>
    <td colspan=7 valign=bottom>
      <hr noshade size="1">
    </td>
  </tr>
  <tr>
    <td width=90 valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td width=226 valign=bottom>
      <p><b><font size="2">Total stockholders&#146; equity</font></b></p>
    </td>
    <td width=90 valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td width=21 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=47 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2"> 340,973 </font></p>
    </td>
    <td width=80 valign=bottom>
      <p align=right><font size="2"> 402,819 </font></p>
    </td>
  </tr>
  <tr>
    <td width=90 valign=bottom><b></b></td>
    <td colspan=7 valign=bottom>
      <hr noshade size="1">
    </td>
  </tr>
  <tr>
    <td width=90 valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td colspan=2 valign=bottom>
      <p><b><font size="2">Total liabilities and stockholders&#146; equity</font></b></p>
    </td>
    <td width=21 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=47 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=19 valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td width=77 valign=bottom>
      <p align=right><font size="2">$ 416,652 </font></p>
    </td>
    <td width=80 valign=bottom>
      <p align=right><font size="2">$ 497,219 </font></p>
    </td>
  </tr>
  <tr>
    <td width=90 valign=bottom><b></b></td>
    <td colspan=7 valign=bottom>
      <hr noshade size="1">
    </td>
  </tr>
</table>
<br>
<table width=600><tr><td  align=center><font size=2>- more -</font></td></tr></table>


<p>&nbsp;
<table width=600><tr><td width=60 align=left><font size=1>&nbsp;</font></td><td width=480 align=center><font size="2">
</font></td><td width=60 align=right><font size="1">&nbsp;</font></td></tr></table><p>&nbsp;<hr size=5 noshade width=600 align=LEFT><p>&nbsp;





<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 12; page: 12" -->





<p><table width=600><tr><td><font size=2><B>IDEXX Laboratories Announces Third Quarter
Results <BR>October 20, 2003 <BR> Page 8 of 8</B></font></td></tr></table>







<p><table width=600><tr>
    <td><font size=2><B>IDEXX Laboratories, Inc. and Subsidiaries <br>
      Key Balance Sheet Statistics </b><i>(Unaudited)</i></font></td>
  </tr></table>



<br>
<table border=0 cellspacing=0 cellpadding=0 width="650">
  <tr>
    <td valign=bottom>
      <p><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td valign=bottom>
      <p><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td valign=bottom>
      <p align=center><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td valign=bottom>
      <p><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td valign=bottom>
      <p><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="1"><b>December 31, </b></font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="1"><b>September 30,</b></font></p>
    </td>
  </tr>
  <tr>
    <td valign=bottom>
      <p><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td valign=bottom>
      <p><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="1"><b>2002</b></font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="1"><b>2003</b></font></p>
    </td>
  </tr>
  <tr>
    <td valign=bottom>&nbsp;</td>
    <td valign=bottom colspan="6">
      <hr noshade size="1">
    </td>
  </tr>
  <tr>
    <td valign=bottom>
      <p><b><font size="2">Key </font></b></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
  </tr>
  <tr>
    <td valign=bottom>
      <p><b><font size="2">Balance Sheet </font></b></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
  </tr>
  <tr>
    <td valign=bottom>
      <p><b><font size="2">Statistics:</font></b></p>
    </td>
    <td valign=bottom>
      <p><font size="2">Days sales outstanding</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="2"> 40 </font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="2"> 39 </font></p>
    </td>
  </tr>
  <tr>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">Inventory turns</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="2"> 1.5 </font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="2"> 1.9 </font></p>
    </td>
  </tr>
  <tr>
    <td colspan=2 valign=bottom>&nbsp;</td>
    <td valign=bottom>&nbsp;</td>
    <td valign=bottom>&nbsp;</td>
    <td valign=bottom>&nbsp;</td>
    <td valign=bottom>&nbsp;</td>
    <td valign=bottom>&nbsp;</td>
  </tr>
  <tr>
    <td colspan=2 valign=bottom>
      <p><b><font size="2">IDEXX Laboratories, Inc. and Subsidiaries</font></b></p>
    </td>
    <td valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
  </tr>
  <tr>
    <td colspan=2 valign=bottom>
      <p><b><font size="2">Consolidated Statement of Cash Flows</font></b></p>
    </td>
    <td valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
  </tr>
  <tr>
    <td colspan=2 valign=bottom>
      <p><font size="1"><i>Amounts in thousands (Unaudited)</i></font></p>
    </td>
    <td valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
  </tr>
  <tr>
    <td valign=bottom>&nbsp;</td>
    <td valign=bottom>&nbsp;</td>
    <td valign=bottom>&nbsp;</td>
    <td valign=bottom>&nbsp;</td>
    <td valign=bottom>&nbsp;</td>
    <td colspan=2 valign=bottom>&nbsp;</td>
  </tr>
  <tr>
    <td valign=bottom>
      <p><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td valign=bottom>
      <p><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td valign=bottom>
      <p><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td valign=bottom>
      <p><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td valign=bottom>
      <p><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td colspan=2 valign=bottom>
      <p align=center><font size="1"><b>Nine Months Ended</b></font></p>
    </td>
  </tr>
  <tr>
    <td valign=bottom>
      <p><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td valign=bottom>
      <p><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td valign=bottom>
      <p><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td valign=bottom>
      <p><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td valign=bottom>
      <p><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="1"><b>September 30,</b></font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="1"><b>September 30,</b></font></p>
    </td>
  </tr>
  <tr>
    <td valign=bottom>
      <p><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td valign=bottom>
      <p><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td valign=bottom>
      <p><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td valign=bottom>
      <p><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td valign=bottom>
      <p><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="1"><b>2002</b></font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="1"><b>2003</b></font></p>
    </td>
  </tr>
  <tr>
    <td valign=bottom>&nbsp;</td>
    <td valign=bottom colspan="6">
      <hr noshade size="1">
    </td>
  </tr>
  <tr>
    <td valign=bottom>
      <p><b><font size="2">Operating:</font></b></p>
    </td>
    <td valign=bottom>
      <p><font size="2"><b>Cash Flows from Operating Activities:</b></font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
  </tr>
  <tr>
    <td valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td valign=bottom>
      <p><font size="2">Net income</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="2">$ 32,632 </font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="2">$ 44,725 </font></p>
    </td>
  </tr>
  <tr>
    <td valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td valign=bottom>
      <p><font size="2">Non-cash charges</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="2"> 16,744 </font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="2"> 16,288 </font></p>
    </td>
  </tr>
  <tr>
    <td valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td colspan=2 valign=bottom>
      <p><font size="2">Changes in current assets and liabilities, net of</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="2"> 44,550 </font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="2"> 30,743 </font></p>
    </td>
  </tr>
  <tr>
    <td valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td valign=bottom>
      <p><font size="2"> &nbsp;&nbsp;acquisitions and disposals</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
  </tr>
  <tr>
    <td valign=bottom>&nbsp;</td>
    <td valign=bottom colspan="6">
      <hr noshade size="1">
    </td>
  </tr>
  <tr>
    <td valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td valign=bottom>
      <p><font size="2">Net cash provided by operating activities</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="2">$ 93,926 </font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="2">$ 91,756 </font></p>
    </td>
  </tr>
  <tr>
    <td valign=bottom>&nbsp;</td>
    <td valign=bottom colspan="6">
      <hr noshade size="1">
    </td>
  </tr>
  <tr>
    <td valign=bottom>
      <p><b><font size="2">Investing:</font></b></p>
    </td>
    <td valign=bottom>
      <p><b><font size="2">Cash Flows from Investing Activities:</font></b></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
  </tr>
  <tr>
    <td valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td valign=bottom>
      <p><font size="2">Increase in investments, net</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="2"> (12,445)</font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="2"> (15,599)</font></p>
    </td>
  </tr>
  <tr>
    <td valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td valign=bottom>
      <p><font size="2">Purchase of property and equipment, net</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="2"> (11,538)</font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="2"> (13,370)</font></p>
    </td>
  </tr>
  <tr>
    <td valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td valign=bottom>
      <p><font size="2">Acquisition of intangible assets</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="2"> (225)</font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="2"> (575)</font></p>
    </td>
  </tr>
  <tr>
    <td valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td valign=bottom>
      <p><font size="2">Increase in other assets</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="2"> (1,803)</font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="2"> (1,736)</font></p>
    </td>
  </tr>
  <tr>
    <td valign=bottom>&nbsp;</td>
    <td valign=bottom colspan="6">
      <hr noshade size="1">
    </td>
  </tr>
  <tr>
    <td valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td valign=bottom>
      <p><font size="2">Net cash used by investing activities</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p align="right"><font size="2">$ (26,011)</font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="2">$ (31,280)</font></p>
    </td>
  </tr>
  <tr>
    <td valign=bottom>&nbsp;</td>
    <td valign=bottom colspan="6">
      <hr noshade size="1">
    </td>
  </tr>
  <tr>
    <td valign=bottom>
      <p><b><font size="2">Financing:</font></b></p>
    </td>
    <td valign=bottom>
      <p><b><font size="2">Cash Flows from Financing Activities:</font></b></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
  </tr>
  <tr>
    <td valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td valign=bottom>
      <p><font size="2">Repayments of note payable</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="2"> (7,462)</font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="2"> (510)</font></p>
    </td>
  </tr>
  <tr>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">Purchase of treasury stock</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="2"> (29,830)</font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="2"> (23,505)</font></p>
    </td>
  </tr>
  <tr>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">Proceeds from the exercise of stock options</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="2"> 6,597 </font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="2"> 25,165 </font></p>
    </td>
  </tr>
  <tr>
    <td valign=bottom>&nbsp;</td>
    <td valign=bottom colspan="6">
      <hr noshade size="1">
    </td>
  </tr>
  <tr>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td colspan=2 valign=bottom>
      <p><font size="2">Net cash (used) provided by financing activities</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="2">$ (30,695)</font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="2">$ 1,150 </font></p>
    </td>
  </tr>
  <tr>
    <td valign=bottom>&nbsp;</td>
    <td valign=bottom colspan="6">
      <hr noshade size="1">
    </td>
  </tr>
  <tr>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">Net effect of exchange rate changes</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="2"> 1,311 </font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="2"> 1,443 </font></p>
    </td>
  </tr>
  <tr>
    <td valign=bottom>&nbsp;</td>
    <td valign=bottom colspan="6">
      <hr noshade size="1">
    </td>
  </tr>
  <tr>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">Net increase in cash and cash equivalents</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="2"> 38,531 </font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="2"> 63,069 </font></p>
    </td>
  </tr>
  <tr>
    <td valign=bottom>&nbsp;</td>
    <td valign=bottom colspan="6">
      <hr noshade size="1">
    </td>
  </tr>
  <tr>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td colspan=2 valign=bottom>
      <p><font size="2">Cash and cash equivalents, beginning of period</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="2"> 66,666 </font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="2"> 113,788 </font></p>
    </td>
  </tr>
  <tr>
    <td valign=bottom>&nbsp;</td>
    <td valign=bottom colspan="6">
      <hr noshade size="1">
    </td>
  </tr>
  <tr>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">Cash and cash equivalents, end of period</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="2">$ 105,197 </font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="2">$ 176,857 </font></p>
    </td>
  </tr>
  <tr>
    <td valign=bottom>&nbsp;</td>
    <td valign=bottom colspan="6">
      <hr noshade size="1">
    </td>
  </tr>
  <tr>
    <td colspan=2 valign=bottom>&nbsp;</td>
    <td valign=bottom>&nbsp;</td>
    <td valign=bottom>&nbsp;</td>
    <td valign=bottom>&nbsp;</td>
    <td valign=bottom>&nbsp;</td>
    <td valign=bottom>&nbsp;</td>
  </tr>
  <tr>
    <td colspan=2 valign=bottom>
      <p><b><font size="2">IDEXX Laboratories, Inc. and Subsidiaries</font></b></p>
    </td>
    <td valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
  </tr>
  <tr>
    <td colspan=2 valign=bottom>
      <p><font size="2"><b>Free Cash Flow</b><i> (Unaudited)</i></font></p>
    </td>
    <td valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
  </tr>
  <tr>
    <td valign=bottom>&nbsp;</td>
    <td valign=bottom>&nbsp;</td>
    <td valign=bottom>&nbsp;</td>
    <td valign=bottom>&nbsp;</td>
    <td valign=bottom>&nbsp;</td>
    <td colspan=2 valign=bottom>&nbsp;</td>
  </tr>
  <tr>
    <td valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td valign=bottom>
      <p align=center><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td colspan=2 valign=bottom>
      <p align=center><font size="1"><b>Nine Months Ended</b></font></p>
    </td>
  </tr>
  <tr>
    <td valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="1"><b>September 30,</b></font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="1"><b>September 30,</b></font></p>
    </td>
  </tr>
  <tr>
    <td valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td valign=bottom>
      <p><font size="1"><b>&nbsp;</b></font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="1"><b>2002</b></font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="1"><b>2003</b></font></p>
    </td>
  </tr>
  <tr>
    <td valign=bottom>&nbsp;</td>
    <td valign=bottom colspan="6">
      <hr noshade size="1">
    </td>
  </tr>
  <tr>
    <td valign=bottom>
      <p><b><font size="2">Free Cash </font></b></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="2">&nbsp;</font></p>
    </td>
  </tr>
  <tr>
    <td valign=bottom>
      <p><b><font size="2">Flow:</font></b></p>
    </td>
    <td valign=bottom>
      <p><font size="2">Net cash provided by operating activities</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="2">$ 93,926 </font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="2">$ 91,756 </font></p>
    </td>
  </tr>
  <tr>
    <td valign=bottom>
      <p><b><font size="2">&nbsp;</font></b></p>
    </td>
    <td valign=bottom>
      <p><font size="2">Purchase of property and equipment</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="2"> (11,538)</font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="2"> (13,370)</font></p>
    </td>
  </tr>
  <tr>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">Increase in other assets</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="2"> (1,803)</font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="2"> (1,736)</font></p>
    </td>
  </tr>
  <tr>
    <td valign=bottom>&nbsp;</td>
    <td valign=bottom colspan="6">
      <hr noshade size="1">
    </td>
  </tr>
  <tr>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p><b><font size="2">Free cash flow</font></b></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p><font size="2">&nbsp;</font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="2">$ 80,585 </font></p>
    </td>
    <td valign=bottom>
      <p align=right><font size="2">$ 76,650 </font></p>
    </td>
  </tr>
  <tr>
    <td valign=bottom>&nbsp;</td>
    <td valign=bottom colspan="6">
      <hr noshade size="1">
    </td>
  </tr>
</table>
<br>
<table width=600><tr><td width=60>&nbsp;</td><td width=540><font size=2>Free cash flow
indicates the cash generated from operations  reduced by investments in capital and other
long-term assets.  Free cash flow excludes financing activities, investments in  monetary
securities, and business acquisitions and divestitures.  We feel free cash flow is a
useful measure because it indicates  the cash the operations of the business are
generating after  appropriate reinvestment for recurring investments in fixed  assets
that are required to operate the business. We believe this  is a common financial measure
useful to further evaluate the  results of operations.</font></td></tr></table><p></P>

<p><table width=600><tr>
    <td  align=center><font size=2>&#150; I D E X X &#150;</font></td>
  </tr></table>

<p>&nbsp;
<table width=600><tr><td width=60 align=left><font size=1>&nbsp;</font></td><td width=480 align=center><font size="2">
</font></td><td width=60 align=right><font size="1">&nbsp;</font></td></tr></table><p>&nbsp;<hr size=5 noshade width=600 align=LEFT><p>&nbsp;


</body>
</html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>e15917logo.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 e15917logo.gif
M1TE&.#EA.`@L`=4``/[^_K.SL[*RLBXN+FUM;2\O+VYN;@@(".SL[(^/C\;&
MQB`@($U-33T]/2$A(=G9V5U=77U]?:&AH<7%Q=?7UQ04%!,3$TQ,3'Y^?HZ.
MCNOKZUQ<7`D)"3X^/K2TM*"@H#P\/`<'!Y"0D.WM[0```/___P``````````
M````````````````````````````````````````````````````````````
M`````````````````````````````````"'Y!```````+``````X""P!``;_
MP))P2"P:C\BD<LEL.I_0J'1*K5JOV*QVR^UZO^"P>$PNF\_HM'K-;KO?\+A\
M3J_;[_B\?L_O^_^`@8*#A(6&AXB)BHN,C8Z/D)&2DY25EI>8F9J;G)V>GZ"A
MHJ.DI::GJ*FJJZRMKJ^PL;*SM+6VM[BYNKN\O;Z_P,'"P\3%QL?(R<K+S,W.
MS]#1TM/4U=;7V-G:V]S=WM_@X>+CY.7FY^CIZNOL[>[O\/'R\_3U]O?X^?K[
M_/W^_P`#"AQ(L*#!@P@3*ES(L*'#AQ`C2IQ(L:+%BQ@S:MS(L:/'CR!#BAQ)
MLJ3)DRA3JES)LJ7+ES!CRIQ)LZ;-FSASZMS)LZ?/_Y]`@PH=2K2HT:-(DRI=
MRK2ITZ=0HTJ=2K6JU:M8LVK=RK6KUZ]@PXH=2[:LV;-HTZI=R[:MV[=PX\J=
M2[>NW;MX\^K=R[>OW[^``PL>3+BPX<.($RM>S+BQX\>0(TN>3+FRY<N8,VO>
MS+FSY\^@0XL>3;JTZ=.H4ZM>S;JUZ]>P8\N>3;NV[=NX<^O>S;NW[]_`@PL?
M3KRX\>/(DRM?SKRY\^?0HTN?3KVZ]>O8LVO?SKV[]^_@PXL?3[Z\^?/HTZM?
MS[Z]^_?PX\N?3[^^_?OX\^O?S[^___\`R@=`$0,24>`0!PJ18`D+-DC@@P9"
MB*"$"E+(H(4.1JCAA!M6V/_AA1]FR.&('I((HHDBEJCBB2NFR.*++L:(X8PA
MTHBBC2WB"*..,M;HXXT_YACDCD/V".210B))I))&)NGDDD\V">644E;)XY5%
M8LFDEE%R2:675F8IYI9C=EGFEV>&2>::9K*)IIMJMBGGFW/&2>>==N8)YIYI
M\@FGGW4"BJ>@>O9IZ)^'!IKHH(L6BNBCBD(Z98"45FII.PD,D`$4$PRPP:6@
MABHJ4@208``4`9!0P*BLMNHJ3J42@"H)`["RX*NXYJJK+0\$0,&LJQISZZ[$
M%FML)ZG6>NRRS#:K4:K!.BOMM-0&1,$'!!`0@`9"))M$`-E*\*L<$V1`0`0"
M,('_`+8$)##N$NMFFVX1$T1P[@35YJOOI1:0@*\1()"PP!$3D&!!O_\6$?#`
M1A1LP04D1'!$!"20P*T1(9#P;A&Q-CQ`Q2`?("NT1FA`P`$@5SQ`PB4LC,0"
M)'S:@,`OQ^R$`/VF+#(2G:9<L04!&%%JT!OX;($$0DR0,\@6*+#OTU#K!P$)
MLAJ!LL5"DP#!U%47<?7%1)0*@02T'C$S"1\8D:H#271,1``H%X!!``$D4``)
M#7A+!`(PBTRWW15O*@0"*'<]1*ELET`XU5DGS@3%)#`@`=T0H+P`V$(D@+(#
M$?Q]MN$E##VSY`%(P$#%$Z1Z``1T2]`!"0=L'/7LM+-7_S##;X.,=!$P*Z``
MS46D6O'N1/1>`LH(&`$R!$84C4';IA)!`<K/!W_`W=$*,7,'R1.1`.P/#"'\
MQ@63X'2W%9-?\?E+?`"[!T4\X(#6TE.O-LK$AT[K`>P+4>H`!W!`]X8PNMH9
M\(#HJ8#&.(8W$EP@?B2H@!`4*+M2S>R!1'A`!(5P.L&)KX$6,`(%DV``Q@WA
M=:<ZPO?*]D$+#)`(4\.@$*:6/9B!CH;%,R$3%)B_(?P.:T)X'?..0+80$*&$
M)`A:$1!0L0.\4`B_<QP"ITA%[DRM>D.`&1,E2`2*#?&*O"/!%HO@12&0K0%%
M*)H'8!:^(11,BEE+80DH`+LG$O]A?MF#6`*0P,0#[*U?$BL!Q>"H.$`*89!.
MR``+S4:"W='1B4FXVQ[]1P)""N%N0U0>":K(R4Y:YXQ[4U4)YK>QF>T.E$-@
MXJI(2013#@YV19A?":;F04'2CX0Z_!X#E%!"94U0C)$T'Q$\0`(.4.`!*.O?
M$(AI3&0*LPFGF^01P*5$72KA>S(4&Q+NID1-5F%8G@RG.&.#O"%\3V)3DV8?
MB5#.S$5LEB10)RP)V,@AT!&-9-OE$.:G3`9VK82!1`+)AE!))91*FI0LP-WD
MF#6%1L\)'^LG$DJ%Q2/\+EHE!-T0/M;-(E0,#(Z*E$@9):F0DG2D)DTIH5;:
M*):6U*7_*(7I26>JTI;:]*4WC6E.:2K3FN+TISH%*D]WZM.@&G6H0BTJ4H^J
MU*;V]*E$A6I2I<I4JB[UJDZ-JE9-9(1H#N%T3DL5&MVI3P[&\ZO"%*LY(^<]
M!ZZU>O,L@09#:-"'EH"C2OB=+U57@`'T]:]^'8`"-3H_X"6AL+AKPD>=P,TE
M+%9_#"5"8X_PV'%:]K+"R><0+.!'(1R``T.`6/XT*P3.#N&SH:UG*C=HUO/-
M['R*S.1$=3C9)(@2?3[+;<4TNL**JK!BOG7L)B&:1.$>3H=%P"MEAXO9YCIW
M-_/\75E?ZUGF$K2STJ7G^5!FA(AZEJXEP,`[2S"SCAZAA')4_RX2-+C7VT(!
M`0JL8Q+@VT0[VM:Z2Z@M$AZ+WFT6=[G/#;"`:>-*BDE3O+)"92OK:>`A(+@$
M"G8P_;(+Q;*M<PEN@R="U>9>#2;6"3-KP-1\:800C_@)_6HC$[R:!`\?5Z-"
M4*]'\:L$<`[XQCB>C#5G-D#V:M@(.P:F$'R<3B/,U9;Y4R"$V8IANY8Q"=\C
M,7>A0#8GTC>@1*@R`J[LA->E#0D*&,`0GXP$LG5@"!GUKWD)2N-OYOC-<#8,
M$T-84"+T"P%W-L*<2U#GS8HQST9@X\=>>#H)B)8)&?X=>!F9O9EM.(<J7MSN
MA*=,!&1LTNMK`L7&>H2BI5#12H!80/]+%=F-_M>;<4ZUJC-S-S+/T%1X\Z^K
MX5E"3A>AA.+],-DJU]DE]'>?XS7"#TG\/4O*U6`+MO74/AQB&!I6"1I\YA(5
MF#`%/KK"0BY!FH^@7R)4=M7@#G=C('=J,\*.!,$]),C,6V5T\PQDD>TC"<Y,
MA`T,8,,9+H'J^JF!!2@P>Z-D\MY@)LWO0?*.MRR!P4<01MEVBL2O7H`=(9:]
M*O>3;PF'+!)D[.TVB_OC(`],M&G,Q(JI&(+?5AS(3EZ$^*ZYL!N^&^A(782I
M:>U?%,!``,D&<`6@;`"[0T`"%%A69_:P!#\,FM&%7;%N"D_/\SM`!KHG@;OQ
MKPBGHQK.-??_;&TC5[+E[GC(QTYVP,#,UJ8VMA#.?H2/J1V>O0Y;Q9[XL<AN
M.VQ72UD!$*`W(H19MX;[6%D9Z$3!S_;@3]<SQ');`)8?,N\IDRTE2QWCL+.Y
M[)C/_%UZY7BY!J#S0^#\$40_WP!(E._]5(`'9$>!SQ\!`1A@@%\)<#[4(\$#
M!.@K`Q+P0KX'P+[="D#J?O\M7PV.;BW&0`,*T`#:*P$!$H"`7W??^5[)SH?$
MG^::-<_][GO_^^`/OX!M+/[RF__\Z$^_^NE!_I]D=:I;K6K\L6K5]\L?_OB_
MO_[I/W_[\S___[=__C>`]5>`_6>``$B`![B`"8B``NB``1B!"MB`_PSX@!4H
M@1`X@19(@>O7@1[X@?70?B`X@B2H*R)8@BB8@N`A?0/0@B[X@C#X@AL7@S18
M@S9X@S@8@PR0+9W#,EGP<#D8A$(XA$18A#4H45F0`4:XA"YX;3_(A#&(A'^@
M`0$@`%5XA5:8A5BXA5K8A5SXA5X8AF`XAF)8AF1XAF:8AFBXAFK8AFSXAFX8
MAW`XAW)8AW1XAW:8AWBXAWK8AWSXAWX8B(`XB()8B(1XB(:8B(BXB(K8B(SX
MB(X8B9`XB9)8B91XB9:8B9BXB9K8B9QXAE=(-Z(XBE9(-Z4XBJB8BJ8HBJ>(
MBJWHBJH8B[(XB[18B[9XBZIXBKJ(B[S8B_^S"':Z%8PILU_"6(S&>(S(*(P+
M<`'N@@7"DXS0&(W2R'A9-XT^<SE>0#;6N(VHXP6+PXT@(T.%4#[@6([F>([H
MF([JN([LV([N^([P&(_R.(_T6(_V>(_XF(_ZN(_\V(_^^(\`&9`".9`$69`&
M>9`(F9`*N9#&2`0?8XW$R)#7"`'7]P3/*)%Z5P+5"(YO-P43`'GT>'5;T&_G
M.'@J>)(HB0EW`Y'+A9&YI2E3<)$N*4H(4%CE*(Y7@&?ZB(U:<#;E:)(I&91"
M^0@K.8T1.9-&XX3?@I0@$RPU>8Y85@4DN8\=^01%8XX"-)1:N96+4)32>)1,
MF3(#4)$"%9:+])3_YEA+5+"1^HB34[!"Y9B57#F7="D(#VF4+6F6.J.4P6.6
MV>-SYBB25'"5_AB542``YRB7=;F8C)D'7AF-8*F7X=@$,NF2$*<`'!"8F`,%
M<,F1-@F.:OD$@%F.@MF8IGF:</"8T!B9DEDQ0,EA80EP)?"1YBAQ4D".'+EE
MG[F-I>D$4PF.'""%J#F<Q"D&JIF,K-F:;J4$E8F1LED"(G".:,<$HPF.MJDX
M(&F-!["93+";VNF#Q1F>XND%=_F5>:F<*6.8N1.;2-"9W.B62?";W,@!)U>=
MW'B=3;!XY<B7X]F?_AD%QXF,R8F>X/E!80EQ;9661W`K,$.:J9>9Y3B=_R^B
M/^;(GTN@@1/ZGQHZ=@%ZC`.JG!^VGDSYG&AECMM7!/HYGTC8G-,(GT6@2!6Z
MH3(ZHXRUC1^JG$[(H@R)H%@7F`4Z!.0&CD>7H.48FGZ7G=/XFC2ZI$M:GI!Y
MGNB9,HLFHDA)HD3`EM;H0D@`H_O)!.ZYC2<Z/>:HI$Q:IAO:H0T)I5$*,M>F
MH\58`01@``80IW,JIW1ZIW::IW6ZIWC*IWJ*IQ:*EM9I44@JC18J!.)%FN`I
MJ-Q(IF;ZJ/V)IL5XH\*H4)9ZJ9B:J9JZJ=X9H=-DC59Z!QCWDT4@IN4H>4N`
MI=-8`4_DD]RHF)`:J__II*NII@)*!@^0``Q0J/_2:$=N6JF!P*C;V#7":HV.
MB@2J*HV)E:+;B)]2<(*R&JT>**G"2*G!F`9<!XY?1J70R*-[8)_;.$FNNHW'
MF@3C:HT8]*73"*O2VJ[$2:W7:JL>F@8(<*[1B*J_&HRAF@?@.HW\PZS66)7S
MU:G2J"V!*9SNFK!T2:O(*:]IJ@;)BHP(FJ^ZM:_\RJO)B+')R*Y1,*K@J+''
MV)L*.[*+":^Z9:TGRP8$&[*P*8W>V@?J:H_.2@7TM8\B2[(XRY4FFULHR[-L
M0+'QRJW):+%Z$+/S>`"@)P7]6H^'FK-.FX(,>ZN:A)=LT*!4:Z#22+1%FX\W
M6P5+*X]-^[1B.X([ZS/_/6NV;8!$T_A$0.LS+_L'$>N.76L%/V2/85L(T#JV
M>MLJ93N,#CNI;="V/F->@MN4B1"W[#BD66"T[5BN6Y"W>QNYEQ6U\SJUYLD&
M=&2-A`NJ1M!ZOOBYJ(@%B)N.=RL%C*N.CAL&2B6YK+LL?0LRVQ18"N57?U6[
MM?NV97"[NDN[LMM7/AAF@#6[PCN\?86J:FN/6;!\NKN\O#N\S<N\I?N6SCN]
MS$N]SRMFK9N])?BZ*:<+I8*/ZP"YVCN^G42Y#]L+QUN/Y+N^[,L'W.MQN/"]
M]]B^]%N_<_"^P)"^]&B__-N_:F"^@.L+\HN\XR"^9F#`_IO`Y8&_OS#`ZDL2
M_PBLP!)\'0SL"_H[CQ.<P1I<!0!<K0V<CQL<PB+,!!4L"A0PI]F"PBJ<PBS<
M+ED#OB,<PS)\23;*;;)[P\%[PV^0PSR,PRO3E].(H!<LCUD`O#[<PTA\Q-A;
M!@V@Q$G\Q#?\HS,\Q0C4P4$[8U>K!B4WC9L[C;()+G4:IV(<QF0\QF9<QF@L
MQECPC?"8NE8PN@=+Q7)<127<<5F<!H6[;D#LLHG@L?'HHEH`Q^<XLV,0P7-\
MR.I1QVQVQV@0I-'8Q5F+"'XLC^J9!0`+CX3\N&1@R(C<R<9AQ2EKN4_*!O8J
MM5@;C5JK!Z"LCM'KI?C(DVM@)YX\R]BAR$)0PVN0N?\L*;02>PB7/(^MG`1<
M>H\""PF<3,O(7!JVS&>[K`:O@\NG#(VI?`>"[(Y2'`6G^\=3<,P@E<S>C!RK
MC+:B7*MJX,C1R$6\?(S37`<.C(]S^P2TR8]NG`3<W,W??,^\L<S0?`;F'(T3
M:XVXFP?9?(PK"XT'<,W4";+&&$#F",CX_-`!HL_-7`8]`XZEEL?N!0C#S)M"
M9XZL2@7Q+*1?>Z\07=*7$LY^.\X-2P84D"GGN&88'=!V@-$^(Y(V9YW<J2Y6
MRXV35+>@:=)`#2`2/8W94M1&?=1(G=1*?0$%H-`9^ZE>'`@AS8WY4\W*"'Q(
M()_D2J3@&,Q!_=7G@=*P^[?_ROF:&`VG8MS"18W"2MW6;JW41BIL3EV,45FL
MTRBA?%30R8B@-_W3GE#/8!W8?3'4:SJX4#VB3*`!<RV,KZF3-^D$OQR-'*N1
MYZBXG("AF)V!FGV!F<W9F\V!&QC:&.C9I`W:HVW:G8W:GRW:J<W:JWW:KEW:
ML:W:L@W;MMW:M_W:QTS8A:TR97F@\++3VVBE(PV-#BT$D6W0H&?7TGC0%D((
M@"W8TET7D"O6W<O,O0TR\'/85:H$6AVP6+UDYEC)R'V.PLG&W.C<T[W>B;S/
MBYS=>*UO9OFV[YLRQN3*"OI;,;H$Q9VQ"/VL=A#=[#W@=L';:WIPW#V35IK<
MT(BP_R7:I2]ZCC!&1.>(X'4@X`2>X8QAW1Z7W4W'G'Z)K.=XMZ4LC2PST,<X
MSRANC+`<!=#*S1BNX3(N&`:.GOQ)TP#YG.ULC1,^7\*MG><SU=LXV4I@U<)(
MY/;,54P0XS/>Y'?!X6>+D1:*X_^(H"M>C/,<>HL=C`?=W\BHI5+`X=>8TTSN
MY&:^&C6NEP=PJ%3NCP"WT<T:WGFUY;K%67$\!<S-QV>^Y\V1YF&Y``Z.6TQ)
M8FU>,1]=!5<.CR?J!,[4T'S^Z,D!Y62-D92WE.R9-'2>6^_L!/U\CU[M0^B8
MY9`^ZK/AYRYY`4G[VX,.19F>6Y8=!4:^CJ+>GNAXW*1^Z_^T8>H+60$&D.J6
MCMB-#N%:H-?O&-]3L.,\3L^)4.:XWNPX<8*2KM*[/C964.C\.`"3O-5<D.WR
MF,EOC(YQ[>SBWAJZ+I#7`P$)X.M.8.U42>R][`5>KHY(^P4_'JZ`P.SCGN\S
MX2)/D`!I_.]J?%YG//``7_`$?_!EG`!T$^A2\``(__`&_^]^.O%]6O%Y"O$8
M+^=>&_$8S_$,+P4(P/$&W^-+3@=YB]LHK]LJ7]LIS_(K3]LP/]LRG]LN7_,Q
M3_,WW_(Y__(SK_,]S_,X__,V+_0[/_3Z?O1(G_1*O_3W`=CXSO10']20^_11
M7_40/?56G_593_5:W_4#SO5>'_;_ZPWV8E_V9G_V:)_V:K_VPD#VH>'V;!_W
MXPOW6$#W<G_W,FSW>+_WVZ#W?/_W.<OO]5'F/A_TAE_XB`_TB6_TBU_TCD_T
MD'_XBC_YC$_YCR_YE9_YE]_XD<_YF+_YSPT&OD<W&@\%GLN*I=^YM?C?3-!Z
MI?CZ4T"%M,CZK9^*J3_ZN!@%H1B*9+D$PS>+J;]$H]C[]+**8GB%.:T$OX^*
MP5]C@/_\6'&1BSX%WDG>O)2,%F``S3]'NUJ,"V#]+6N,%L``Q+\$U7\SC#PQ
M]<XTY`\%H-P`=XN8\$9<R3C]TM/]ROCJT+__8@$$`=*0%"@=D4GE<OD@/A=,
M:9+PM%Y)_]'I4G'`8A>:;5+XQ1XD8ZGSJE67S5@U8A%_'B9J9,%NO>B/X$@(
M`/GZAHS4%#@.!P$?(2,E)RDK+2\Q,S4W.3L]/T%#14=)2TU/45-55UE;75]A
M8V5G:6MM;W%S=7=Y]003,R.^'B2K&H<B`#4LCDD:``4/#Q`DA;&(WYJ'U"Z:
M.:CU!K03H)\(PX^!MYB/*48!E.![Y^GK[>_Q\_7W^?O]_P$&%#B08$&#!Q'2
M^K6ISA`O1))%,O#$08$!!2P6>$AD`*`$5QQ<M.C@BKML1"IDS+B1"+E(#:]$
M'*-`Y,4!%2C6M#@&P94*-C&R)"%SC"$2!S**A$GDF:\G!@H1.?^@DVJ>,=$6
M0#!`8"L#EAAHR4LXEFQ9LV?1IE6[EFU;MV_AQI4[]]/"3!2>,"`YQ,TC8XB8
M"*H`B,&3#N"2/%@*]>20<TH0%"8"(1*;(0WV9J$TD8@Z/1_N>#XB>4A'=$,*
M2+%&I!R1QV/$H<;TEP38)1*>4,XEUA)ONK^!!Q<^G'AQX\>1)U>^G/DFNY@P
M/)$`X0FV1YP!,S%*(BH1Q$H4/&EZ]>F:)Z8?K2:1(#H1ZY!HBQZ#??T4G*SU
M&$TM97MKQ]U)V,\2^MY+XCQ_?&M.P049;-#!!R&,4,()*:S0G^<N@>F`$L*#
M*)+XI(AM&STV<F"+)P3<0I#7E$`QD@;_GD``+P\EH4^^+6A38`K2N#N-!/26
MH,T_$AA30\04*1%2B@"8#$!'-1*T4,HIJ:S2RBNQS%+++;D,#L-*+'/FB/LT
M@^^)&XT:3(\#IS`*R"D$*7()-@'IB:DC,NO+KS-??`+')TPJB@@DDZ!O2!;;
MY&BV)ZQ")<HN(8U4TDDIK=322S'--*%'R>`3$_5<HLX]2&QDHL/+`'%QBB.=
M<FT*50')X`F7U"M0#Q`AZ6\*^CSPD5`DE&R,2$!8O42]!FS55-EEF6W6V6>A
MC5;::2?YDI+,2`#GU*',)((!`K@"UX`&6+IQ3D43+:W5_Y@(<SP]8/3NB#")
M`J142$3L40I<_P55ES\_UW4D/ZF2*G@`EV:Z8BJ+MB(@@.]:X;0W/22FUN*+
M,<Y8XXTY[OA*:R69$54DV"D3$-KLJ""-5`?=0K^`Y4RB&R)LT\/.D8^`R<0/
M/7U$5RGNA:UE4Z$XE-A&$`VQD0',W<WCIZ&.6NJIJ:[:ZGTJ5K'G2MH;`N$2
M1!TB4#7HL^.`I*6`53MTR>.HX88;(/,HB+?XJ*4DNB9A;#V"/AJ_?;=.EX0*
MP@T7@GSK"QCM);:+(^8I$,#6CD8GR?KJRS'/7//-.>_<<T`L'[)I0);Z;MN:
MU4"Y#]W4H).)8MMNI((G`8EWB._"1/W6P-7XF0E^76[F<3C+&_B0Q?^92"#N
M/MYE*_3/H8]>^NFIK][ZB$D!&1)WER!3SRWZ1D("N?=.>^A__8V]#S0@N5E,
M)?*4B'>A_V8B?*61IIMX5XTGP8$F`=BD9`%"`4U*0..D\+R#^(:!\7!@$AH(
MP0<B(8(4G.`1*HC!"Y8@@QS<8`=!^$$12I"$%BRA!D_HP12&<(4C-.$+40A#
M%<J0A31T80QQ.,,<UG"'-]3A#WD(1!\&D8A#-&(+D6C#)/9PB4)L8A&?>$0E
M3I&)5'2B%:&(12E6D8M7[&(6O[A%+XX1C&048QG1>$8U1I&-6FQC&-]HQCBF
M<8YK=.,=X8A'.>J1CGRT8QX!N<=`ED)[Z9G_U1+"1H(!!FE^);#;$$2PIO.M
M33;".@3KU""KNRFA5MW*CL\`!KC.].\0"]!?8(IGI$F*8BG7<^4K81E+6<Z2
MEE(J)"`D9P?D4:&1*Y)D^IBPD5\M01`%"-=6MM*X\DG!=L?S9!$BD4CPA;)?
M@T/F,7DD,&'M<@]L&P5]*%=+<8Z3G.4TYSG1.8];JD%DLCM9+U.Y#B+LC`GN
M>].2S,',)^A."NX[A)KLU<@IY&A5U-P"[)3PR``9S5>8R-=`GT"[3RA0%!1-
MYT4QFE&-;I2C#5KG&/+6B'`"K9$*Y68)MC-`A6)R?T,87@E\J0:%BG1/HR35
M$S+0SSL`Z)Y((-.&_Q0'H&'FRJ!):.8C+(J)I':4J4UUZE.A&E6X?/2@**(*
M1I;"4E%^,@D2*%GBQI#(!=@J`2SY6DNU>2Z7PNL\&`'*2')34ZX&[`"BF<!2
MFE?02KZNJ/@DPDN7@%!*)#)I`6#)+)8J5<4NEK&-=>QC;Q&-./"$(EO8B`7X
MI@T2C!255D#*198B+V$!-I^4G:=EB8#9@-H4$D()D$VP<%;!#=5W6N-?[](A
M4RO\)"F2RVL]$@M9X0Z7N,4U[CE#)UDSC$&3R-@"CR2ZU48,-;#-."E,2\N$
M[$ZAN=S:443?R=KK-(.>J@2F$AX*,[\=8G0E0(!KXR#;2E@NN,>U[WWQF_]?
M_6Y4N5\80S,760+<$&$#J6O&`:*[A<@U@@&/B*EV;SL%`&]AP$,H<&;%^XAL
MFL&4H-PKX_K:67;AMA'MY1!\L=#@_:Z8Q2UV\8OWVU\Y0*ZR8]@(0"%Z"&.>
MLFZ(>T(%&&!B),3I57\U[1!P+(4;AW>N#F:`W.[0`?E6]<-*J"U:K^MC,PCY
M`4^.0P.FC#48CYG,93;SF7]3W^($,,'(*2``UQS`AZ&9SG6V\YWQ_"PUYSDX
M>X:$GV7(9T$/FM"%-O2AJY=40".:T8UV]*,A'6E)3YK2E;;TI5VQ:$QG3M.;
M]O2G01UJ48^YTXC]HR!1W<=`JCK5IV;UJUT=ZSK_SMJ/M%ZUK&N=ZUO;NM6\
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M!,_O!J\`"8\`"P\!&7`!'5`!(?``'U`"(]``+3`!*3`#+[`!*Q`#-W`"/[`#
M.?]0`SVP!$>0Z[*.])*N__2O!5VP\_XO\>"/WX[O!6WP!JDN!M_!'G0PT):@
M!UGA]8`0!XFP"-UO!S%F"#?%]8RP"9WP"7,(J>Y!"0>BXJ@0"K$P"[7P!V40
MY!+D"K<P#,5P8SIH0DH-#$%'$VYN%]`P%=IP#.$P#LOL#9GP\(Z.+`80`)%0
M#OFP#Z=/S>@PTB0F$/VP$`VQ:G!N$#VF#"^!$(/0#0\Q$B41\>AK$BWQ$C$Q
MW"@N0AR1$CHQ$T$Q%*'F$[4D2DBQ%OY/_4Y1%%FQ%6?PQ?AO#5/(U&!A%5WQ
M%G'QZOKA"L7M_30.^&PQ+400!$V0&$^P&(<Q&4GP&)G_T1B=41E#<!F?41JA
M$1FI\1JC,1NM41N;L1J[$1NW,1RC<!%O(1AQ`>-2L7)R<1W9<=1X$;B:8\^4
MT!S;L1[MD04Y;0DK)1#I\1[]\1_9\!7JK1\MCTM*SQ0($B`5<B&-8ZDNCQ&9
M@![I$!#5T&D8\B(QTI6HL`=_D2`2$GLR,B1%TOD`XB-WT2)',B554IQ,4A*`
MD"!;<AYB<B5ILB9K4""Y,&-ZT29YLB?9;R;K$!]E"2A]LBB-DN=6D2B/<BE#
M4BG%#$$$0NFZQ"F9LBI#4?Q\L0NE$"7E@BH;D1^\TBK%LOTH*BSUT>9"@5.P
M+HA<,@W'\BWA\GK,$MPJD11,_\\;IY$;\U(<]_(;]1(O`1,<_9(O`_,O!;,O
M$;,P"?,P%7,P'3,Q&3,R#5,OSY+I#M(NXS(S-3,Y/G(NW2*XZHL0/7,S2;,T
M_ZP<)<4I(=(T6;,U.R<60?+BU)%B]-`U;?,V=PX,$VLUM\0K%>TK<3,XA9,V
M_^'ZQD`6G44B`S(HA[,YG1,J9U$5.C'Y4DXJG_,ZL3,[MV`TM;,[O7,%[XLZ
MOW,\R?,(9_,<IQ"Y@+,\V;,]?X@6>X$[P;/@M+(@W?,^-Y,WF;,K04T>]Q`_
M`31`.48^ZW,_KX9`!31!/PY!JS`L9%,F'<43:_/@)E1!+?0Z&11"WC$URZ(Q
M(7,R%_\31!_30TE4,D/T1$?41%-41#\415MT15VT1%E41F-415_4&84RU/1S
M2B[S0GW4-'>T0F,!.2V$*GT/-'\T2:TR0Z'S$:-30=)1%IA42:D4$ZT3-5<O
M+:>R2KFT2P-"/W<R.=?32\FT3)EC'BM30K>2WAPD#Y_43.$T3M\4Z9HE(4U1
M2N4T3_44'C-M/A]T3P$U4'NO0,=B2B'%4`4U4175#A>U41TUT8342=/S*4]R
M2&.3.!#U435U4[%TOB"1$]0R0NE4.CFU5,LT4R.25"WU3TVU5>^QZ,)T0*4G
M!E'556V5SVIU0>0/+7J466@41H'U1G]56&UT6(VU6)%U1I/_M4:5M5F9]5F#
M]5B=-5J7E5KCB#]+4DLI9.F4<TY/\U;!%0=U$SYM@?4$4$((-%?#=5U=+E8K
ME0<[JB[9=5Z]3PA3]5L-5%>GQUWIM5_E-/O<<DLIM:*:=!S]]6`Y3UVW\T'B
M#U01]F%'4F'9U&$+%F(M]D>?+TBS=&'-HBSQ\&)!5D]54:I,<B/Q-&11-N@D
M=A-ZM3=7-65A-F;-D_X<5&9M-N=6]C^+PR'7=#GQ=4Q?L5QO=FCA<@@C#QAO
MDFB5EBESED*/\ZG\;VFEMC_A56#A0C2OEF"YDEBGE6NAU6NM]6NE56RK%6S-
M=FS#-FW/MFS1=FV[MFWAUD9]%CWW'@]H.7-J\1;VL-9;>S9?4;%/YS!O!;??
)OM!I6R$(```[
`
end

</TEXT>
</DOCUMENT>
</SUBMISSION>
