-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 Mn2MF7lysTX4s8z49J26MZe0i1GIU/hraCXEbAHipw+Z32fXvqzQZj1zc7MUNZ6v
 flYVHvxhTxAdIGvRLnTDOw==

<SEC-DOCUMENT>0000950134-02-011698.txt : 20020925
<SEC-HEADER>0000950134-02-011698.hdr.sgml : 20020925
<ACCEPTANCE-DATETIME>20020925121903
ACCESSION NUMBER:		0000950134-02-011698
CONFORMED SUBMISSION TYPE:	DEF 14A
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20021107
FILED AS OF DATE:		20020925

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARCHER DANIELS MIDLAND CO
		CENTRAL INDEX KEY:			0000007084
		STANDARD INDUSTRIAL CLASSIFICATION:	FATS & OILS [2070]
		IRS NUMBER:				410129150
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		DEF 14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-00044
		FILM NUMBER:		02771801

	BUSINESS ADDRESS:	
		STREET 1:		4666 FARIES PKWY
		CITY:			DECATUR
		STATE:			IL
		ZIP:			62526
		BUSINESS PHONE:		2174244798

	MAIL ADDRESS:	
		STREET 1:		4666 FARIES PKWY
		CITY:			DECATUR
		STATE:			IL
		ZIP:			62526
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEF 14A
<SEQUENCE>1
<FILENAME>c71484ddef14a.htm
<DESCRIPTION>DEFINITIVE PROXY STATEMENT
<TEXT>
<HTML>
<HEAD>
<TITLE>Archer-Daniels-Midland Company</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<P align="center"><FONT size="2">SCHEDULE 14A<BR>
<B>(Rule&nbsp;14a-101)<BR>
INFORMATION REQUIRED IN PROXY STATEMENT</B></FONT>




<P><FONT size="2">SCHEDULE 14A INFORMATION
<br><B>Proxy Statement Pursuant to Section&nbsp;14(a) of the Securities Exchange Act of 1934</B>
<br><B>(Amendment No.&nbsp;&nbsp;&nbsp; )</B>

</FONT>





<P><FONT size="2">Filed by the Registrant &nbsp;&nbsp;&nbsp;<font face="Wingdings">&#120;</font><BR>
Filed by a Party other than the Registrant &nbsp;&nbsp;&nbsp;<font face="Wingdings">&#111;</font><BR>
Check the appropriate box:</FONT>




<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
	<TD valign="top"><FONT size="2"><font face="Wingdings">&#111;</font></FONT></TD>
	<TD><FONT size="2">&nbsp;</FONT></TD>
	<TD align="left" valign="top"><FONT size="2">
Preliminary Proxy Statement</FONT></TD>
</TR>

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

<TR valign="bottom">
	<TD valign="top"><FONT size="2"><font face="Wingdings">&#120;</font></FONT></TD>
	<TD><FONT size="2">&nbsp;</FONT></TD>
	<TD align="left" valign="top"><FONT size="2">
Definitive Proxy Statement</FONT></TD>
</TR>

<TR valign="bottom">
	<TD valign="top"><FONT size="2"><font face="Wingdings">&#111;</font></FONT></TD>
	<TD><FONT size="2">&nbsp;</FONT></TD>
	<TD align="left" valign="top"><FONT size="2">
Definitive Additional Materials</FONT></TD>
</TR>

<TR valign="bottom">
	<TD valign="top"><FONT size="2"><font face="Wingdings">&#111;</font></FONT></TD>
	<TD><FONT size="2">&nbsp;</FONT></TD>
	<TD align="left" valign="top"><FONT size="2">
Soliciting Material Under Rule&nbsp;14a-12</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="center"><FONT size="2">ARCHER-DANIELS-MIDLAND COMPANY</FONT>



<center>
<P align="center"><FONT size="2"><hr size="1" noshade width="45%">
(Name of Registrant as Specified in Its Charter)</FONT>
</center>


<center>
<P align="center"><FONT size="2"><hr size="1" noshade width="45%">
(Name of Person(s) Filing Proxy Statement, if<BR>
Other Than the Registrant)</FONT>
</center>


<p><hr size="1" noshade>

<P><FONT size="2">Payment of Filing Fee (Check the appropriate box):

</FONT>


<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
	<TD width="4%">&nbsp;</TD>
	<TD width="1%">&nbsp;</TD>
	<TD width="87%">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD valign="top"><FONT size="2"><font face="Wingdings">&#120;</font></FONT></TD>
	<TD><FONT size="2">&nbsp;</FONT></TD>
	<TD align="left" valign="top"><FONT size="2">
No fee required.</FONT></TD>
</TR>

<TR valign="bottom">
	<TD valign="top"><FONT size="2"><font face="Wingdings">&#111;</font></FONT></TD>
	<TD><FONT size="2">&nbsp;</FONT></TD>
	<TD align="left" valign="top"><FONT size="2">
Fee computed on table below per Exchange Act Rules&nbsp;14a-6(i)(4) and 0-11.</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1) Title of each class of securities to which transaction applies:
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

</FONT>

<P align="right"><FONT size="2"><hr size="1" noshade width="97%"></FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2) Aggregate number of securities to which transaction applies:
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

</FONT>

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

</FONT>

<P align="right"><FONT size="2"><hr size="1" noshade width="97%"></FONT>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4) Proposed maximum aggregate value of transaction:
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

</FONT>
<P align="right"><FONT size="2"><hr size="1" noshade width="97%"></FONT>

<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5) Total fee paid:
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

</FONT>
<P align="right"><FONT size="2"><hr size="1" noshade width="97%"></FONT>

<P><FONT size="2"><font face="Wingdings">&#111;</font> <FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fee paid

previously with preliminary materials.

</font>

<br><font face="Wingdings">&#111;</font> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Check box

if any part of the fee is offset as provided by Exchange
Act Rule&nbsp;0-11(a)(2) and identify the filing for which the offsetting fee was
paid previously. Identify the previous filing by registration statement
number, or the form or schedule and the date of its filing.

</FONT>


<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1) Amount Previously Paid:
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

</FONT>
<P align="right"><FONT size="2"><hr size="1" noshade width="97%"></FONT>

<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2) Form, Schedule or Registration Statement No.:
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

</FONT>
<P align="right"><FONT size="2"><hr size="1" noshade width="97%"></FONT>

<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3) Filing Party:
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

</FONT>
<P align="right"><FONT size="2"><hr size="1" noshade width="97%"></FONT>

<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4) Date Filed:
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

</FONT>
<P align="right"><FONT size="2"><hr size="1" noshade width="97%"></FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<P align="center">
<B><FONT size="4">ARCHER-DANIELS-MIDLAND COMPANY</FONT></B>

<DIV align="center">
<B><FONT size="2">4666 Faries Parkway, Decatur, Illinois
62526-5666</FONT></B>
</DIV>

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

<DIV>&nbsp;</DIV>

<!-- link1 "NOTICE OF ANNUAL MEETING" -->
<DIV align="left"><A NAME="000"></A></DIV>

<DIV align="center">
<B>NOTICE OF ANNUAL MEETING</B>
</DIV>

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

<P align="left">
<FONT size="2">To All Stockholders:
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">NOTICE IS HEREBY GIVEN that the Annual Meeting of
Stockholders of Archer-Daniels-Midland Company, a Delaware
corporation, will be held at the JAMES&nbsp;R. RANDALL RESEARCH
CENTER, 1001 BRUSH COLLEGE ROAD, DECATUR, ILLINOIS, on Thursday,
November&nbsp;7, 2002, at 11:00&nbsp;A.M., for the following
purposes:
</FONT>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(1)&nbsp;To elect Directors to hold office until
    the next Annual Meeting of Stockholders and until their
    successors are duly elected and qualified;
    </FONT></TD>
</TR>

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

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(2)&nbsp;To ratify the appointment by the Board
    of Directors of Ernst &#38; Young LLP as independent auditors to
    audit the accounts of the Company for the fiscal year ending
    June&nbsp;30, 2003;
    </FONT></TD>
</TR>

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

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(3)&nbsp;To consider and take action respecting
    the adoption of the Archer-Daniels-Midland Company 2002
    Incentive Compensation Plan;
    </FONT></TD>
</TR>

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

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(4)&nbsp;If properly presented, to consider and
    act upon the Stockholders&#146; proposals set forth in the proxy
    statement; and
    </FONT></TD>
</TR>

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

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(5)&nbsp;To transact such other business as may
    properly come before the meeting.
    </FONT></TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="40%"></TD>
    <TD width="60%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    <FONT size="2">By Order of the Board of Directors
    </FONT></TD>
</TR>

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

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    <FONT size="2">D.&nbsp;J. SMITH, SECRETARY
    </FONT></TD>
</TR>

</TABLE>

<P align="left">
<FONT size="2">September&nbsp;25, 2002
</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>

<!-- TOC -->
<A name="toc"><DIV align="CENTER" style="page-break-before:always"><U><B>TABLE OF CONTENTS</B></U></DIV></A>

<P><CENTER>
<TABLE border="0" width="90%" cellpadding="0" cellspacing="0">
<TR>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="76%"></TD>
</TR>
<TR><TD colspan="9"><A HREF="#000">NOTICE OF ANNUAL MEETING</A></TD></TR>
<TR><TD colspan="9"><A HREF="#001">PROXY STATEMENT</A></TD></TR>
<TR><TD colspan="9"><A HREF="#002">PERFORMANCE GRAPH</A></TD></TR>
<TR><TD colspan="9"><A HREF="#003">APPROVAL OF THE 2002 INCENTIVE COMPENSATION PLAN</A></TD></TR>
<TR><TD colspan="9"><A HREF="#004">STOCKHOLDER&#146;S PROPOSAL NO. 1</A></TD></TR>
<TR><TD colspan="9"><A HREF="#005">REASONS</A></TD></TR>
<TR><TD colspan="9"><A HREF="#006">STOCKHOLDER&#146;S PROPOSAL NO. 2</A></TD></TR>
<TR><TD colspan="9"><A HREF="#007">EXHIBIT &#147;A&#148;</A></TD></TR>
</TABLE>
</CENTER>
<!-- /TOC -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<P align="center">
<B><FONT size="4">ARCHER-DANIELS-MIDLAND COMPANY</FONT></B>

<DIV align="center">
<B><FONT size="2">4666 Faries Parkway, Decatur, Illinois
62526-5666</FONT></B>
</DIV>

<P align="center">
<B><FONT size="2">September&nbsp;25, 2002</FONT></B>

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

<DIV>&nbsp;</DIV>

<!-- link1 "PROXY STATEMENT" -->
<DIV align="left"><A NAME="001"></A></DIV>

<DIV align="center">
<B>PROXY STATEMENT</B>
</DIV>

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

<P align="left">
<B><FONT size="2">General Matters</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The accompanying proxy is SOLICITED BY THE BOARD
OF DIRECTORS of Archer-Daniels-Midland Company (the
&#147;Company&#148;) for the Annual Meeting of Stockholders of
the Company to be held at the JAMES R. RANDALL RESEARCH CENTER,
1001&nbsp;BRUSH COLLEGE ROAD, DECATUR, ILLINOIS, on Thursday,
November&nbsp;7, 2002 at 11:00&nbsp;A.M. This Proxy Statement
and the enclosed form of proxy are first being mailed to
Stockholders on or about September&nbsp;25, 2002.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The cost of solicitation of proxies will be borne
by the Company. Georgeson Shareholder Communications Inc. has
been retained by the Company to assist in solicitation of
proxies at a fee of $19,000, plus reasonable out-of-pocket
expenses. Solicitation other than by mail may be made by
officers or by regular employees of the Company or by employees
of Georgeson Shareholder Communications Inc. by personal,
telephone, mail or internet solicitation, the cost of which is
expected to be nominal. The Company will reimburse brokerage
firms and other securities custodians for their reasonable
expenses in forwarding proxy materials to their principals.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Only holders of shares of Common Stock of record
at the close of business on September&nbsp;6, 2002 will be
entitled to notice of and to vote at the meeting and at all
adjournments thereof. At the close of business on
September&nbsp;6, 2002, the Company had outstanding 649,651,073
shares of Common Stock, each share being entitled to one vote.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Admittance to the Annual Meeting will be limited
to Stockholders. If you are a Stockholder of record and plan to
attend, please detach the admission ticket from the top of your
proxy card and bring it with you to the Annual Meeting. The
number of people admitted will be determined by how the shares
are registered, as indicated on the admission ticket. If you are
a Stockholder whose shares are held by a broker, bank or other
nominee, please request an admission ticket by writing to our
principal executive offices at: Archer-Daniels-Midland Company,
Shareholder Relations, 4666&nbsp;Faries Parkway, Decatur, IL
62526-5666. Evidence of your stock ownership, which you can
obtain from your broker, bank or nominee, must accompany our
letter. Stockholders who are not pre-registered will only be
admitted to the meeting upon verification of stock ownership.
The number of tickets sent will be determined by the manner in
which shares are registered. If your request is received by
November&nbsp;1, 2002, an admission ticket will be mailed to
you. All other admission tickets can be obtained at the
registration table located at the James&nbsp;R. Randall Research
Center lobby beginning at 9:30&nbsp;A.M. on the day of the
Annual Meeting.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Shares represented by proxies in the form
enclosed, properly executed, will be voted. Proxies may be
revoked at any time prior to being voted by delivering written
notice or a proxy bearing a later date to the Secretary of the
Company or by attending the Annual Meeting and voting in person.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">With the exception of the election of directors,
the affirmative vote of the holders of a majority of the
outstanding shares of Common Stock present in person or
represented by proxy at the meeting and entitled to vote is
required for approval of each proposal presented in this Proxy
Statement. A plurality of the votes of outstanding shares of
Common Stock of the Company present in person or represented by
proxy at the meeting and entitled to vote on the election of
directors is required for the election of directors. Abstentions
will be counted toward the tabulation of votes cast on proposals
presented to the
</FONT>

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

<DIV align="left">
<FONT size="2">Stockholders and will have the same effect as
negative votes. Broker non-votes are counted toward a quorum,
but are not counted for any purpose in determining whether a
matter has been approved.
</FONT>
</DIV>

<P align="left">
<B><FONT size="2">Principal Holders of Voting
Securities</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The following Stockholders are known to the
Company to be beneficial owners of more than 5% of the
outstanding Common Stock of the Company, based upon filings
thereof with the Securities and Exchange Commission.
</FONT>

<CENTER>
<TABLE width="90%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
    <TD width="65%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="5%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="5%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="9%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="8%"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="center" nowrap><B><FONT size="1">Name and Address of Beneficial Owner</FONT></B></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Amount</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Percent of Class</FONT></B></TD><TD></TD>
</TR>

<TR>
    <TD align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><HR size="1" noshade></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><HR size="1" noshade></TD><TD></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">State Farm Mutual Automobile Insurance
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">56,339,281</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">8.67</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">Company and Related Entities
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">Bloomington, Illinois 61701
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">Brandes Investment Partners, L.P.
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">42,024,633</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">6.47</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">11988 El Camino Real, Suite&nbsp;500
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">San Diego, CA 92130
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

</TABLE>
</CENTER>

<P align="left">
<B><FONT size="2">Election of Directors</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">It is intended that proxies solicited by the
Board of Directors will, unless otherwise directed, be voted to
fix at ten (10)&nbsp;the number of Directors to be elected and
to elect the nominees named below.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The nominees proposed for election to the Board
of Directors are all presently members of the Board.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The proxies (unless otherwise directed) will be
voted for the election of the nominees named herein as Directors
to hold office until the next succeeding Annual Meeting of
Stockholders and until their successors are duly elected and
qualified. In the event any nominee for Director becomes unable
to serve as a director, it is intended that the persons named in
the proxy may vote for a substitute who will be designated by
the Board of Directors. The Board has no reason to believe that
any nominee will be unable to serve as a Director. All present
members of the Board have served continuously as Directors from
the year stated in the table below.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The nominees, their age, position with the
Company, principal occupation, directorships of other
publicly-owned companies, the year in which each first became a
Director, and the number of shares of Common Stock of the
Company beneficially owned, directly or indirectly, by each are
shown in the following table. Except for Mr.&nbsp;Andrew Young,
all of the nominees have been Executive Officers of their
respective companies or employed as otherwise specified below
for at least the last five years. Mr.&nbsp;Young served as
Vice-Chairman of the Law Companies Group, an engineering and
environmental consulting company, from January 1990 until 1996
when he retired from this position to serve as Co-Chairman of
the Atlanta Committee for the Olympic Games. In January 1997,
Mr.&nbsp;Young was appointed as Co-Chairman of GoodWorks
International and in 1998 was appointed Chairman of that company.
</FONT>

<P align="center"><FONT size="2">2
</FONT>

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

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">A plurality of the votes cast by the holders of
shares of Common Stock of the Company present in person or
represented by proxy at the meeting and entitled to vote on the
election of Directors is required for the election of Directors.
</FONT>

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="56%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="5%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="4%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="7%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="7%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="2"></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Year First</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="3"></TD>
    <TD></TD>
    <TD colspan="3"></TD>
</TR>

<TR>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Name, Age, Principal Occupation or</FONT></B></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Elected</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Common</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Percent</FONT></B></TD><TD></TD>
</TR>

<TR>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Position, Directorships of Other</FONT></B></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">as</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Stock</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">of</FONT></B></TD><TD></TD>
</TR>

<TR>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Publicly-Owned Companies</FONT></B></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Director</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Owned</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Class</FONT></B></TD><TD></TD>
</TR>

<TR>
    <TD colspan="2" align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><HR size="1" noshade></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><HR size="1" noshade></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><HR size="1" noshade></TD><TD></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD colspan="2" align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">G. Allen Andreas, 59
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">1997</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">4,660,676</FONT></TD>
    <TD align="left" valign="top" nowrap><FONT size="2">(1)(3)</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">*</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Chairman of the Board and Chief Executive of the
    Company
    </FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD colspan="2" align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">Sandra Andreas McMurtrie, 62
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">2001</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">29,346,587</FONT></TD>
    <TD align="left" valign="top" nowrap><FONT size="2">(2)(4)</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">4.52</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Private Investments
    </FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD colspan="2" align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">Mollie Hale Carter, 40
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">1996</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">14,432,657</FONT></TD>
    <TD align="left" valign="top" nowrap><FONT size="2">(2)(5)</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">2.22</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Chairman, Sunflower Bank and Vice President,
    Star&nbsp;A, Inc. (a farming and ranching operation)
    </FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD colspan="2" align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">Herman de Boon, 55
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">2000</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">2,210,710</FONT></TD>
    <TD align="left" valign="top" nowrap><FONT size="2">(2)(6)</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">*</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Chief Executive Officer of Royal Cebeco Group (an
    international agri-food cooperative)
    </FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD colspan="2" align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">Roger S. Joslin, 66
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">2001</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">56,342,237</FONT></TD>
    <TD align="left" valign="top" nowrap><FONT size="2">(2)(7)</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">8.67</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Vice Chairman of the Board of State Farm Mutual
    Automobile Insurance Company. Director of State Farm Mutual
    Trust, State Farm Associates&#146; Funds Trust, State Farm
    Variable Product Trust, State Farm Life Insurance Company
    Variable Annuity Separate Account, State Farm Life Insurance
    Company Variable Life Separate Account, State Farm Life and
    Accident Assurance Company Variable Annuity Separate Account,
    and State Farm Life and Accident Assurance Company Variable Life
    Separate Account
    </FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD colspan="2" align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">D. J. Mimran, 35
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">1999</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">4,474,742</FONT></TD>
    <TD align="left" valign="top" nowrap><FONT size="2">(2)(8)</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">*</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Chief Executive Officer of Groupe Mimran and
    President of Eurafrique, Sometra and Cavpa (international grain
    trading companies)
    </FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD colspan="2" align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">M. Brian Mulroney, 63
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">1993</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">43,077</FONT></TD>
    <TD align="left" valign="top" nowrap><FONT size="2">(2)</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">*</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Senior Partner in the law firm of Ogilvy Renault,
    Director of Barrick Gold Corporation, TrizecHahn Corporation,
    Viasystems Group, Inc., Cendant Corporation, AOL Latin America,
    Inc., Quebecor Inc., Quebecor World, Inc. and Cognicase Inc.
    </FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD colspan="2" align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">J. K. Vanier, 74
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">1978</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">12,271,910</FONT></TD>
    <TD align="left" valign="top" nowrap><FONT size="2">(2)(9)</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">1.89</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Chief Executive Officer, Western Star Ag.
    Resources, Inc. (investments and livestock)
    </FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD colspan="2" align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">O. G. Webb, 66
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">1991</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">24,579</FONT></TD>
    <TD align="left" valign="top" nowrap><FONT size="2">(2)</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">*</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">farmer. Former Chairman of the Board and
    President, GROWMARK, Inc. (a farmer-owned cooperative)
    </FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD colspan="2" align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">Andrew Young, 70
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">1997</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">39,141</FONT></TD>
    <TD align="left" valign="top" nowrap><FONT size="2">(2)</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top" nowrap><FONT size="2">*</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Chairman of GoodWorks International (a specialty
    consulting group). Director of Delta Airlines, Inc., Argus Inc.,
    Host Marriott Corporation, Cox Communication Inc. and Thomas
    Nelson, Inc.
    </FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

</TABLE>
</CENTER>

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

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD><FONT size="2">&nbsp;*&nbsp;&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">Less than 1% of outstanding shares
    </FONT></TD>
</TR>

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

<TR valign="top">
    <TD><FONT size="2">(1)&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">Includes shares allocated as a beneficiary under
    the Company&#146;s Tax Reduction Act Stock Ownership Plan
    (TRASOP)&nbsp;and ADM Employee Stock Ownership Plan (ESOP).
    </FONT></TD>
</TR>

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

<TR valign="top">
    <TD><FONT size="2">(2)&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">Includes stock units allocated under the
    Company&#146;s Stock Unit Plan for Nonemployee Directors that
    are deemed to be the equivalent of outstanding shares of Common
    Stock for bookkeeping and valuation purposes.
    </FONT></TD>
</TR>

</TABLE>

<P align="center"><FONT size="2">3
</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD><FONT size="2">(3)&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">Includes 4,024,031 shares, in which
    Mr.&nbsp;Andreas disclaims any beneficial interest, in trust for
    members of his family of which he is a trustee or has sole or
    shared voting power. Includes 358,727 shares that are unissued
    but are subject to stock options exercisable within 60&nbsp;days
    from the date of this Proxy Statement.
    </FONT></TD>
</TR>

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

<TR valign="top">
    <TD><FONT size="2">(4)&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">Includes 27,853,066 shares, in which
    Mrs.&nbsp;McMurtrie disclaims any beneficial interest, in trust
    for members of her family of which she is a trustee, in a
    foundation of which Mrs.&nbsp;McMurtrie is an officer and in a
    partnership of which Mrs.&nbsp;McMurtrie is the President which
    includes 197,711 shares held for G.&nbsp;Allen Andreas.
    </FONT></TD>
</TR>

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

<TR valign="top">
    <TD><FONT size="2">(5)&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">Includes 5,009,599 shares owned by or in trust
    for members of Ms.&nbsp;Carter&#146;s family in which
    Ms.&nbsp;Carter disclaims beneficial interest in 175,009 shares.
    Includes 9,381,099 shares held in family corporations with
    respect to which Ms.&nbsp;Carter disclaims any beneficial
    interest in 8,781,862 shares.
    </FONT></TD>
</TR>

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

<TR valign="top">
    <TD><FONT size="2">(6)&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">Includes 2,205,000 shares owned by Intrade N.V.
    of which Mr.&nbsp;de Boon is Chairman of the Board of
    Supervisory Directors and in which he disclaims any beneficial
    interest.
    </FONT></TD>
</TR>

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

<TR valign="top">
    <TD><FONT size="2">(7)&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">Includes 56,339,281 shares owned by State Farm
    Mutual Automobile Insurance Company, its subsidiaries,
    affiliates and associate benefit plans in which Mr.&nbsp;Joslin
    disclaims any beneficial interest.
    </FONT></TD>
</TR>

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

<TR valign="top">
    <TD><FONT size="2">(8)&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">Includes 1,797,598 shares of which
    Mr.&nbsp;Mimran has shared voting power.
    </FONT></TD>
</TR>

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

<TR valign="top">
    <TD><FONT size="2">(9)&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">Includes 113,485 shares owned by members of
    Mr.&nbsp;Vanier&#146;s family in which he disclaims any
    beneficial interest. Includes 7,639,793 shares in various trusts
    of which Mr.&nbsp;Vanier is one of the trustees and in a
    corporation in which Mr.&nbsp;Vanier and members of his family
    have certain beneficial interests (see footnote&nbsp;5;
    Mr.&nbsp;Vanier is the brother of Ms.&nbsp;Carter&#146;s mother
    and 4,102,824 of the reported shares were also reported by
    Ms.&nbsp;Carter).
    </FONT></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">P.B. Mulhollem, L. H.&nbsp;Cunningham, J.
D.&nbsp;Rice and D. J.&nbsp;Schmalz are four of the five highest
paid Executive Officers of the Company but are not Directors of
the Company.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">P.B. Mulhollem beneficially owns 126,161 shares
of Common Stock of the Company, constituting less than 1% of the
outstanding shares of Common Stock, which number includes
(1)&nbsp;shares allocated to him as a beneficiary under the
Company&#146;s ESOP, and (2)&nbsp;86,709 shares that are
unissued but are subject to stock options exercisable within
60&nbsp;days from the date of this Proxy Statement.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">L.H. Cunningham beneficially owns 82,583 shares
of Common Stock of the Company, constituting less than 1% of the
outstanding shares of Common Stock, which number includes
(1)&nbsp;shares allocated to him as a beneficiary under the
Company&#146;s ESOP and 401(k), and (2)&nbsp;40,031 shares that
are unissued but are subject to stock options exercisable within
60&nbsp;days from the date of this Proxy Statement.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">J.D. Rice beneficially owns 172,715 shares of
Common Stock of the Company, constituting less than 1% of the
outstanding shares of Common Stock, which number includes
(1)&nbsp;shares allocated to him as a beneficiary under the
Company&#146;s ESOP and 401(k), and (2)&nbsp;95,888 shares that
are unissued but are subject to stock options exercisable within
60&nbsp;days from the date of this Proxy Statement.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">D.J. Schmalz beneficially owns 207,515 shares of
Common Stock of the Company, constituting less than 1% of the
outstanding shares of Common Stock, which number includes
(1)&nbsp;shares allocated to him as a beneficiary under the
Company&#146;s ESOP, and (2)&nbsp;91,885 shares that are
unissued but are subject to stock options exercisable within
60&nbsp;days from the date of this Proxy Statement.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Common Stock beneficially owned by all Directors
and Executive Officers as a group, numbering 35 persons
including those listed above, is 128,342,650 shares representing
19.76% of the outstanding shares, of which 1,524,880 shares are
unissued but are subject to stock options exercisable within
60&nbsp;days from the date of this Proxy Statement.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">G. Allen Andreas and Sandra Andreas McMurtrie are
cousins. Mollie Hale Carter is a niece of J.&nbsp;K.&nbsp;Vanier.
</FONT>

<P align="center"><FONT size="2">4
</FONT>

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

<P align="left">
<B><FONT size="2">Information Concerning Committees and
Meetings</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">During the last fiscal year the Board of
Directors of the Company held five regularly scheduled meetings.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">During the last fiscal year, the Board had Audit,
Compensation, Nominating, Succession, Public Policy, Corporate
Governance, and Executive Committees. The Audit Committee
consisted of Mr.&nbsp;Mimran, Chairperson,
Messrs.&nbsp;de&nbsp;Boon, Joslin, and Young and
Ms.&nbsp;Carter; the Compensation Committee consisted of
Mr.&nbsp;Webb, Chairperson, and Messrs.&nbsp;Joslin and Vanier;
the Nominating Committee consisted of Ms.&nbsp;Carter,
Chairperson, and Messrs.&nbsp;Mimran and Young; the Succession
Committee consisted of Mr.&nbsp;Webb, Chairperson, and
Messrs.&nbsp;Joslin and Vanier; the Public Policy Committee
consisted of Mr.&nbsp;Mulroney, Chairperson,
Mr.&nbsp;de&nbsp;Boon and Ms.&nbsp;McMurtrie; the Corporate
Governance Committee consisted of Ms.&nbsp;Carter, Chairperson,
Ms.&nbsp;McMurtrie and Messrs.&nbsp;Mulroney, Webb and Young;
and the Executive Committee consisted of Mr.&nbsp;Andreas,
Chairperson, Messrs.&nbsp;Mimran, Vanier and Webb and
Ms.&nbsp;McMurtrie.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The Audit Committee, which operates pursuant to a
written charter adopted by the Board, met four times during the
fiscal year. All of the members of the Audit Committee were
determined by the Board to be &#147;independent&#148; directors,
as that term is defined in the applicable listing standards of
the New York Stock Exchange. The Audit Committee reviews the
(1)&nbsp;overall plan of the annual independent audit,
(2)&nbsp;financial statements, (3)&nbsp;scope of audit
procedures, (4)&nbsp;performance of the Company&#146;s
independent auditors and internal auditors,
(5)&nbsp;auditors&#146; evaluation of internal controls, and
(6)&nbsp;matters of legal compliance.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The Compensation Committee, which met four times
during the fiscal year, reviews and establishes compensation of
Officers, approves direct annual compensation to any employee in
the amount of $200,000 or more, approves awards to employees
pursuant to the incentive compensation plans of the Company, and
approves modifications in employee benefit plans with respect to
the benefits salaried employees receive under such plans. All of
its actions are submitted to the Board for ratification.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The Nominating Committee, which met once during
the fiscal year, considers and recommends nominees to the Board.
The Committee will consider nominees recommended by a
Stockholder provided the Stockholder submits the nominee&#146;s
name in a written notice delivered to the Secretary of the
Company at the principal executive offices of the Company not
less than sixty nor more than ninety days prior to the
anniversary date of the immediately preceding Annual Meeting of
Stockholders; provided that, in the event that the Annual
Meeting is called for a date that is not within thirty days
before or after such anniversary date, the notice must be so
received not later than the close of business on the tenth day
following the day on which such notice of the date of the Annual
Meeting was mailed or public disclosure of the date of the
Annual Meeting was made, whichever first occurs (different
notice delivery requirements may apply if the number of
Directors to be elected at an Annual Meeting is being increased,
and there is no public announcement by the Company naming all of
the nominees or specifying the size of the increased Board at
least one hundred days prior to the first anniversary of the
preceding year&#146;s Annual Meeting). Any such notice must set
forth the information required by Section&nbsp;1.4(c)of the
Company&#146;s Bylaws, and must be accompanied by the written
consent of the proposed nominee to being named as a nominee and
to serve as a Director if elected.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The Succession Committee, which met once during
the fiscal year, reviews and establishes the succession plans
for the management of the Company.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The Public Policy Committee, which did not meet
during the fiscal year, reviews and recommends activities
directed at fulfilling the social responsibility of the Company.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The Corporate Governance Committee, which met
three times during the fiscal year, assesses Board and Committee
effectiveness and establishes and approves performance criteria
for evaluation of the Chief Executive.
</FONT>

<P align="center"><FONT size="2">5
</FONT>

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

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The Executive Committee, which met once during
the fiscal year, exercises the power and authority of the Board
in the management and direction of the business and affairs of
the Company when the Board is not in session.
</FONT>

<P align="left">
<B><FONT size="2">Executive Compensation</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The following table sets forth information
concerning the Company&#146;s Chief Executive and the four other
most highly paid Executive Officers of the Company.
</FONT>

<P align="center">
<B><FONT size="2">Summary Compensation Table</FONT></B>

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="31%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="2%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="2%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="4%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="4%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="5%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="5%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="4%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="4%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="5%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="4%"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="2"></TD>
    <TD></TD>
    <TD colspan="11"></TD>
    <TD></TD>
    <TD colspan="3"></TD>
    <TD></TD>
    <TD colspan="7"></TD>
</TR>

<TR>
    <TD colspan="2"></TD>
    <TD></TD>
    <TD colspan="10" align="center" nowrap><B><FONT size="1">Annual Compensation</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="3"></TD>
    <TD></TD>
    <TD colspan="6" align="center" nowrap><B><FONT size="1">Long Term Compensation</FONT></B></TD><TD></TD>
</TR>

<TR>
    <TD colspan="2"></TD>
    <TD></TD>
    <TD colspan="10" align="center" nowrap><HR size="1" noshade></TD><TD></TD>
    <TD></TD>
    <TD colspan="3"></TD>
    <TD></TD>
    <TD colspan="6" align="center" nowrap><HR size="1" noshade></TD><TD></TD>
</TR>

<TR>
    <TD colspan="2"></TD>
    <TD></TD>
    <TD colspan="11"></TD>
    <TD></TD>
    <TD colspan="3"></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Securities</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="3"></TD>
</TR>

<TR>
    <TD colspan="2"></TD>
    <TD></TD>
    <TD colspan="11"></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Other Annual</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Underlying</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">All Other</FONT></B></TD><TD></TD>
</TR>

<TR>
    <TD colspan="2"></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Fiscal</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="3"></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Bonus</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Compensation</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Options</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Compensation</FONT></B></TD><TD></TD>
</TR>

<TR>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Name and Principal Position</FONT></B></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Year</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Salary ($)</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">($)</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">($)</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">(#)(1)</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">($)(2)</FONT></B></TD><TD></TD>
</TR>

<TR>
    <TD colspan="2" align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><HR size="1" noshade></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><HR size="1" noshade></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><HR size="1" noshade></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><HR size="1" noshade></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><HR size="1" noshade></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><HR size="1" noshade></TD><TD></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD colspan="2" align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">G. A. Andreas
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">2002</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">2,557,833</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">&#150;0&#150;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">142,704</FONT></TD>
    <TD align="left" valign="bottom" nowrap><FONT size="2">(3)</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">525,000</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">10,000</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Chairman and Chief Executive
    </FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">2001</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">2,398,480</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">&#150;0&#150;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">66,992</FONT></TD>
    <TD align="left" valign="bottom" nowrap><FONT size="2">(3)</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">&#150;0&#150;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">8,500</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">2000</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">2,373,972</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">&#150;0&#150;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">69,419</FONT></TD>
    <TD align="left" valign="bottom" nowrap><FONT size="2">(3)</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">551,245</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">8,500</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="2" align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">P. B. Mulhollem
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">2002</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">1,129,576</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">&#150;0&#150;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">&#150;0&#150;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">157,499</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">10,000</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">President and Chief Operating
    </FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">2001</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">620,500</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">&#150;0&#150;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">&#150;0&#150;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">&#150;0&#150;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">231,589</FONT></TD>
    <TD align="left" valign="bottom" nowrap><FONT size="2">(4)</FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Officer
    </FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">2000</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">637,199</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">&#150;0&#150;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">&#150;0&#150;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">110,245</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">128,941</FONT></TD>
    <TD align="left" valign="bottom" nowrap><FONT size="2">(5)</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD colspan="2" align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">L. H. Cunningham
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">2002</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">745,557</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">&#150;0&#150;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">&#150;0&#150;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">104,999</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">10,000</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Senior Vice President
    </FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">2001</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">709,090</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">&#150;0&#150;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">&#150;0&#150;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">&#150;0&#150;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">8,500</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">2000</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">522,458</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">&#150;0&#150;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">&#150;0&#150;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">110,244</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">8,500</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="2" align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">J. D. Rice
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">2002</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">638,300</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">&#150;0&#150;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">&#150;0&#150;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">104,999</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">9,500</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Senior Vice President
    </FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">2001</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">584,917</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">&#150;0&#150;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">&#150;0&#150;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">&#150;0&#150;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">8,500</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">2000</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">527,583</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">&#150;0&#150;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">&#150;0&#150;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">110,243</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">8,500</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD colspan="2" align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">D. J. Schmalz
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">2002</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">636,518</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">&#150;0&#150;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">&#150;0&#150;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">94,499</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">10,000</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Senior Vice President and
    </FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">2001</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">604,833</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">&#150;0&#150;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">&#150;0&#150;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">&#150;0&#150;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">8,500</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <FONT size="2">Chief Financial Officer
    </FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">2000</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">577,499</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">&#150;0&#150;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">&#150;0&#150;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">99,219</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">8,500</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

</TABLE>
</CENTER>

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

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD><FONT size="2">(1)&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">Number of options granted in fiscal year
    indicated and adjusted for all stock dividends and stock splits
    effected to date.
    </FONT></TD>
</TR>

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

<TR valign="top">
    <TD><FONT size="2">(2)&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">Except with respect to Mr.&nbsp;Mulhollem in 2001
    and 2000, these amounts represent only the Company&#146;s
    matching contribution under the Company&#146;s Employee Stock
    Ownership and 401(k) plans in calendar years 2000, 2001 and 2002.
    </FONT></TD>
</TR>

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

<TR valign="top">
    <TD><FONT size="2">(3)&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">Includes $51,433, $45,203 and $37,968 for
    personal use of company-owned aircraft in 2002, 2001 and 2000,
    respectively; also includes $46,623 for personal use of
    company-owned security system in 2002. Amounts for Other Annual
    Compensation are reported on a calendar year basis.
    </FONT></TD>
</TR>

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

<TR valign="top">
    <TD><FONT size="2">(4)&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">Includes $223,089 paid pursuant to the
    Company&#146;s program for expatriates relating primarily to
    reimbursement of amounts paid with respect to foreign taxes;
    also includes $8,500 for the Company&#146;s matching
    contribution under the Company&#146;s Employee Stock Ownership
    and 401(k) plans.
    </FONT></TD>
</TR>

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

<TR valign="top">
    <TD><FONT size="2">(5)&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">Includes $78,774 paid pursuant to the
    Company&#146;s program for expatriates relating primarily to
    reimbursement of amounts paid with respect to foreign taxes;
    $41,667 for relocation allowance and $8,500 for the
    Company&#146;s matching contribution under the Company&#146;s
    Employee Stock Ownership and 401(k) plans.
    </FONT></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">During the last fiscal year, compensation for
nonemployee Directors consisted of an annual retainer of
$100,000, at least one-half of which will be paid in stock units
pursuant to the Company&#146;s Stock Unit Plan for Nonemployee
Directors.
</FONT>

<P align="center"><FONT size="2">6
</FONT>

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

<P align="center">
<B><FONT size="2">Stock Option Grants in Last Fiscal Year
(1)</FONT></B>

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
    <TD width="31%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="4%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="5%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="5%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="4%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="4%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="4%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="4%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD></TD>
    <TD></TD>
    <TD colspan="7"></TD>
    <TD></TD>
    <TD colspan="3"></TD>
    <TD></TD>
    <TD colspan="3"></TD>
    <TD></TD>
    <TD colspan="7"></TD>
</TR>

<TR>
    <TD></TD>
    <TD></TD>
    <TD colspan="6" align="center" nowrap><B><FONT size="1">Individual Grants</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="3"></TD>
    <TD></TD>
    <TD colspan="3"></TD>
    <TD></TD>
    <TD colspan="6" align="center" nowrap><B><FONT size="1">Potential Realizable</FONT></B></TD><TD></TD>
</TR>

<TR>
    <TD></TD>
    <TD></TD>
    <TD colspan="6" align="center" nowrap><HR size="1" noshade></TD><TD></TD>
    <TD></TD>
    <TD colspan="3"></TD>
    <TD></TD>
    <TD colspan="3"></TD>
    <TD></TD>
    <TD colspan="6" align="center" nowrap><B><FONT size="1">Value at Assumed Annual</FONT></B></TD><TD></TD>
</TR>

<TR>
    <TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Number of</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="3"></TD>
    <TD></TD>
    <TD colspan="3"></TD>
    <TD></TD>
    <TD colspan="3"></TD>
    <TD></TD>
    <TD colspan="6" align="center" nowrap><B><FONT size="1">Rates of Stock Price</FONT></B></TD><TD></TD>
</TR>

<TR>
    <TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Securities</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Percent of</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="3"></TD>
    <TD></TD>
    <TD colspan="3"></TD>
    <TD></TD>
    <TD colspan="6" align="center" nowrap><B><FONT size="1">Appreciation for</FONT></B></TD><TD></TD>
</TR>

<TR>
    <TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Underlying</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Total Options</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Exercise</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="3"></TD>
    <TD></TD>
    <TD colspan="6" align="center" nowrap><B><FONT size="1">Option Term</FONT></B></TD><TD></TD>
</TR>

<TR>
    <TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Options</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Granted to</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">or Base</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="3"></TD>
    <TD></TD>
    <TD colspan="6" align="center" nowrap><HR size="1" noshade></TD><TD></TD>
</TR>

<TR>
    <TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Granted</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Employees in</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Price</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Expiration</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">5%($)</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">10%($)</FONT></B></TD><TD></TD>
</TR>

<TR>
    <TD align="center" nowrap><B><FONT size="1">Name</FONT></B></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">(#)(2)</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Fiscal Year</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">($/Sh)</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Date</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">(3)</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">(3)</FONT></B></TD><TD></TD>
</TR>

<TR>
    <TD align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><HR size="1" noshade></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><HR size="1" noshade></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><HR size="1" noshade></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><HR size="1" noshade></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><HR size="1" noshade></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><HR size="1" noshade></TD><TD></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">G. A. Andreas
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">525,000</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">20.05</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">12.5333</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">8/2/2006</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">1,817,928</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">4,017,145</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">P. B. Mulhollem
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">157,499</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">6.01</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">12.5333</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">8/2/2006</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">545,375</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">1,205,135</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">L. H. Cunningham
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">104,999</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">4.01</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">12.5333</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">8/2/2006</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">363,582</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">803,421</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">J. D. Rice
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">104,999</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">4.01</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">12.5333</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">8/2/2006</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">363,582</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">803,421</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">D. J. Schmalz
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">94,499</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">3.61</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">12.5333</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">8/2/2006</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">327,224</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">723,078</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

</TABLE>
</CENTER>

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

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD><FONT size="2">(1)&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">Table reflects effect of 5% stock dividend in
    September&nbsp;2001.
    </FONT></TD>
</TR>

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

<TR valign="top">
    <TD><FONT size="2">(2)&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">For the period July&nbsp;1, 2001 through
    June&nbsp;30, 2002 the Executive Officers named above were
    granted incentive and non-qualified stock options exercisable in
    four equal annual installments commencing on the first
    anniversary of the grant date of such options.
    </FONT></TD>
</TR>

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

<TR valign="top">
    <TD><FONT size="2">(3)&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">The hypothetical potential appreciation shown in
    these columns reflects the required calculations at annual rates
    of 5% and 10% set by the Securities and Exchange Commission, and
    is not intended to represent either historical appreciation or
    anticipated future appreciation of the Company&#146;s Common
    Stock price.
    </FONT></TD>
</TR>

</TABLE>

<P align="center">
<B><FONT size="2">Aggregated Option Exercises in Fiscal Year and
Fiscal Year-End Option Values(1)</FONT></B>

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
    <TD width="22%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="5%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="4%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="2%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="4%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="4%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="5%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="5%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="4%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="4%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="5%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="5%"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD></TD>
    <TD></TD>
    <TD colspan="3"></TD>
    <TD></TD>
    <TD colspan="3"></TD>
    <TD></TD>
    <TD colspan="7"></TD>
    <TD></TD>
    <TD colspan="3"></TD>
    <TD></TD>
    <TD colspan="3"></TD>
</TR>

<TR>
    <TD></TD>
    <TD></TD>
    <TD colspan="3"></TD>
    <TD></TD>
    <TD colspan="3"></TD>
    <TD></TD>
    <TD colspan="6" align="center" nowrap><B><FONT size="1">Number of Securities</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="7"></TD>
</TR>

<TR>
    <TD></TD>
    <TD></TD>
    <TD colspan="3"></TD>
    <TD></TD>
    <TD colspan="3"></TD>
    <TD></TD>
    <TD colspan="6" align="center" nowrap><B><FONT size="1">Underlying Unexercised</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="6" align="center" nowrap><B><FONT size="1">Value of Unexercised</FONT></B></TD><TD></TD>
</TR>

<TR>
    <TD></TD>
    <TD></TD>
    <TD colspan="3"></TD>
    <TD></TD>
    <TD colspan="3"></TD>
    <TD></TD>
    <TD colspan="6" align="center" nowrap><B><FONT size="1">Options at Fiscal</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="6" align="center" nowrap><B><FONT size="1">In-the-Money Options at</FONT></B></TD><TD></TD>
</TR>

<TR>
    <TD></TD>
    <TD></TD>
    <TD colspan="3"></TD>
    <TD></TD>
    <TD colspan="3"></TD>
    <TD></TD>
    <TD colspan="6" align="center" nowrap><B><FONT size="1">Year-End(#)</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="6" align="center" nowrap><B><FONT size="1">Fiscal Year-End($)</FONT></B></TD><TD></TD>
</TR>

<TR>
    <TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Shares Acquired</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Value</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="6" align="center" nowrap><HR size="1" noshade></TD><TD></TD>
    <TD></TD>
    <TD colspan="6" align="center" nowrap><HR size="1" noshade></TD><TD></TD>
</TR>

<TR>
    <TD align="center" nowrap><B><FONT size="1">Name</FONT></B></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">on Exercise(#)</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Realized($)</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Exercisable</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Unexercisable</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Exercisable</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Unexercisable</FONT></B></TD><TD></TD>
</TR>

<TR>
    <TD align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><HR size="1" noshade></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><HR size="1" noshade></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><HR size="1" noshade></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><HR size="1" noshade></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><HR size="1" noshade></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><HR size="1" noshade></TD><TD></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">G. A. Andreas
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">-0-</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">-0-</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">216,035</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">1,160,272</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">278,373</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">794,883</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">P. B. Mulhollem
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">-0-</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">-0-</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">44,989</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">279,771</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">63,323</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">172,014</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">L. H. Cunningham
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">-0-</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">-0-</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">13,781</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">201,462</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">50,572</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">157,513</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">J. D. Rice
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">-0-</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">-0-</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">64,948</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">234,792</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">76,081</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">164,802</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">D. J. Schmalz
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">-0-</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">-0-</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">63,570</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">214,645</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">71,027</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">149,045</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

</TABLE>
</CENTER>

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

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD><FONT size="2">(1)&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">Table reflects adjustments for stock dividends
    paid and stock splits effected to date.
    </FONT></TD>
</TR>

</TABLE>

<P align="center">
<B><FONT size="2">Equity Compensation Plan Information</FONT></B>

<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
    <TD width="35%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="9%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="8%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="8%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="8%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="10%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="10%"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD></TD>
    <TD></TD>
    <TD colspan="3"></TD>
    <TD></TD>
    <TD colspan="3"></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Number of Securities</FONT></B></TD><TD></TD>
</TR>

<TR>
    <TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Number of Securities</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="3"></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Remaining Available for</FONT></B></TD><TD></TD>
</TR>

<TR>
    <TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">To be Issued Upon</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Weighted-average</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Future Issuance Under</FONT></B></TD><TD></TD>
</TR>

<TR>
    <TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Exercise of</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Exercise Price of</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Equity Compensation</FONT></B></TD><TD></TD>
</TR>

<TR>
    <TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Outstanding Options,</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Outstanding Options,</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Plans (Excluding</FONT></B></TD><TD></TD>
</TR>

<TR>
    <TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Warrants and</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Warrants and</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Securities Reflected in</FONT></B></TD><TD></TD>
</TR>

<TR>
    <TD align="center" nowrap><B><FONT size="1">Plan Category</FONT></B></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Rights(a)</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Rights(b)</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Column (a))(c)</FONT></B></TD><TD></TD>
</TR>

<TR>
    <TD align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><HR size="1" noshade></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><HR size="1" noshade></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><HR size="1" noshade></TD><TD></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">Equity Compensation Plans Approved by Security
    Holders
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">10,580,532</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="bottom"><FONT size="2">$</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">11.62</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">5,953,566</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

</TABLE>
</CENTER>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The Company does not have any equity compensation
plans that have not been approved by the stockholders.
</FONT>

<P align="center">
<B><FONT size="2">Pension Plan Table</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The Company has a Retirement Plan for Salaried
Employees (the &#147;Plan&#148;). The Company made a
contribution to the Plan for calendar and Plan year 2001 in
excess of the required minimum ERISA
</FONT>

<P align="center"><FONT size="2">7
</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV align="left">
<FONT size="2">contribution. The following table shows the
estimated annual benefits payable as a life annuity, upon normal
retirement, to persons in specified salary and years-of-service
classifications:
</FONT>
</DIV>

<CENTER>
<TABLE width="90%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
    <TD width="50%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="4%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="5%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="4%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="5%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="4%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="5%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="4%"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD></TD>
    <TD></TD>
    <TD colspan="15"></TD>
</TR>

<TR>
    <TD></TD>
    <TD></TD>
    <TD colspan="14" align="center" nowrap><B><FONT size="1">For Years of Credited Service Shown Below</FONT></B></TD><TD></TD>
</TR>

<TR>
    <TD></TD>
    <TD></TD>
    <TD colspan="14" align="center" nowrap><HR size="1" noshade></TD><TD></TD>
</TR>

<TR>
    <TD align="center" nowrap><B><FONT size="1">5 Year Average Base Compensation</FONT></B></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">10</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">20</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">30</FONT></B></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">35</FONT></B></TD><TD></TD>
</TR>

<TR>
    <TD align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><HR size="1" noshade></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><HR size="1" noshade></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><HR size="1" noshade></TD><TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><HR size="1" noshade></TD><TD></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">$&nbsp;&nbsp;200,000
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="bottom"><FONT size="2">$</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">32,831</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="bottom"><FONT size="2">$</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">65,661</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="bottom"><FONT size="2">$</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">98,492</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="bottom"><FONT size="2">$</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">103,492</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    &nbsp;&nbsp;&nbsp;<FONT size="2">400,000
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">67,831</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">135,661</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">203,492</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">213,492</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    &nbsp;&nbsp;&nbsp;<FONT size="2">600,000
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">102,831</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">205,661</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">308,492</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">323,492</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    &nbsp;&nbsp;&nbsp;<FONT size="2">800,000
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">137,831</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">275,661</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">413,492</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">433,492</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    &nbsp;<FONT size="2">1,000,000
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">172,831</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">345,661</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">518,492</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">543,492</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    &nbsp;<FONT size="2">1,200,000
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">207,831</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">415,661</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">623,492</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">653,492</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    &nbsp;<FONT size="2">1,400,000
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">242,831</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">485,661</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">728,492</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">763,492</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    &nbsp;<FONT size="2">1,600,000
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">277,831</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">555,661</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">833,492</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">873,492</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    &nbsp;<FONT size="2">1,800,000
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">312,831</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">625,661</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">938,492</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">983,492</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    &nbsp;<FONT size="2">2,000,000
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">347,831</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">695,661</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">1,043,492</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">1,093,492</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    &nbsp;<FONT size="2">2,200,000
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">382,831</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">765,661</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">1,148,492</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">1,203,492</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    &nbsp;<FONT size="2">2,400,000
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">417,831</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">835,661</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">1,253,492</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">1,313,492</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    &nbsp;<FONT size="2">2,600,000
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">452,831</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">905,661</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">1,358,492</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">1,423,492</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    &nbsp;<FONT size="2">2,800,000
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">487,831</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">975,661</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">1,463,492</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">1,533,492</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    &nbsp;<FONT size="2">3,000,000
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">522,831</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">1,045,661</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">1,568,492</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">1,643,492</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    &nbsp;<FONT size="2">3,200,000
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">557,831</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">1,115,661</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">1,673,492</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">1,753,492</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

</TABLE>
</CENTER>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The pension amount is based on the final average
monthly compensation (average of the 60&nbsp;consecutive months
of the last 180&nbsp;months which produce the highest average).
For purposes of the Plan, the term &#147;compensation&#148; is
defined as base compensation (&#147;Salary&#148; as shown in the
Summary Compensation Table) paid during the Plan year. The
pension amount is calculated as follows: final average monthly
compensation times 36% plus 16.5% of final average compensation
in excess of Social Security covered compensation for the first
30&nbsp;years of service plus 0.5% of final average compensation
for each year in excess of 30&nbsp;years of service and
additional early retirement reduction when the pension commences
prior to age&nbsp;65. The Plan does not include a Social
Security offset. The normal retirement age under the Plan is age
65 with 5&nbsp;years of service. The 5&nbsp;year average
compensation for purposes of the Plan of each of the five
highest paid Executive Officers of the Company and the number of
years of service rounded to the nearest year and credited to
each of them under the Plan was as follows:
G.&nbsp;A.&nbsp;Andreas $2,237,283 (29&nbsp;years);
L.&nbsp;H.&nbsp;Cunningham $558,122 (8&nbsp;years);
P.&nbsp;B.&nbsp;Mulhollem $504,069 (10&nbsp;years);
J.&nbsp;D.&nbsp;Rice $432,668 (25&nbsp;years); and
D.&nbsp;J.&nbsp;Schmalz $494,789 (17&nbsp;years).
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Various provisions of the Internal Revenue Code
of 1986, as amended, limit the amount of benefits payable under
a qualified pension plan. When these limits operate to reduce a
pension benefit payable under the Plan, the Company will provide
additional amounts so that the total annual pension will be as
provided in the Plan.
</FONT>

<P align="left">
<B><FONT size="2">Compensation Committee Report</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The Compensation Committee (the
&#147;Committee&#148;) is comprised of three independent
directors. The Committee reviews and establishes the
compensation of the officers of the Company, approves the direct
annual compensation to any employee in the amount of $200,000 or
more, approves awards to employees pursuant to the incentive
compensation plans of the Company, and approves modifications in
the employee benefit plans with respect to the benefits salaried
employees receive under such plans. All actions of the Committee
are submitted to the Board of Directors for ratification.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The objective of the Company&#146;s compensation
program is to provide annual compensation to the employees and
executives of the Company that is competitive with that for
comparable employment, responsibilities and performance in major
industries on a worldwide basis. The Committee, whose members
</FONT>

<P align="center"><FONT size="2">8
</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV align="left">
<FONT size="2">are investors and business leaders, is generally
familiar with compensation packages offered by peer group
companies. The Committee also familiarizes itself with various
forms and types of remuneration from general news reports,
periodicals and reports of other public corporations, as well as
by consultation with compensation experts from nationally
recognized firms. In determining an officer&#146;s or other
employee&#146;s compensation, the Committee considers, in
addition to these factors, the individual&#146;s job
performance, the Company&#146;s ability to pay and growth
record, cost of living increases, and in the case of all
individuals except the Chief Executive, the recommendations of
management and the individual&#146;s supervisors.
</FONT>
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The compensation program of the Company consists
principally of salary and from time-to-time, not necessarily
annually, an award of stock options or other form of long-term
incentive compensation. Historically, stock options have been
granted at the market price on the date granted and are
exercisable in increments over a five or ten year term. The
reportable compensation of all employees is adjusted to reflect
the personal use, if any, of Company-owned facilities.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The compensation for the Chief Executive was
established by the Committee considering all of the factors
previously described in this Report. The Committee proposed and
the Board of Directors approved an increase in the annual salary
for the Chief Executive to $2,750,000 and granted stock options
to him for 500,000 shares of Company stock, exercisable in
increments between 2002 and 2006. The strike price for these
stock options was at the market price of the Company&#146;s
stock on the date of grant. The Corporate Governance Committee,
comprised of non-management directors, evaluates the performance
of the Chief Executive. The evaluation of the Corporate
Governance Committee is then forwarded to the Compensation
Committee which establishes the compensation for the Chief
Executive.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Section&nbsp;162(m) of the Internal Revenue Code
generally disallows a tax deduction to public corporations for
compensation paid in excess of $1,000,000 annually to each of
the Company&#146;s chief executive officer and four other most
highly compensated executive officers except for qualifying
&#147;performance-based&#148; compensation. A portion of the
compensation paid to certain of the Company&#146;s executive
officers will be subject to the deduction limitation. In order
to retain the flexibility to compensate its executive officers
in a competitive environment in accordance with the principles
discussed above, the Committee believes that it would be
inadvisable to adopt a strict policy of compliance with the
performance-based compensation exception to Section&nbsp;162(m).
The Committee will continue to consider future opportunities for
compliance with this exception to Section&nbsp;162(m) that it
feels are in the best interests of the Company and its
stockholders. The Committee believes that the amount of any
expected loss of a tax deduction under Section&nbsp;162(m) will
be insignificant to the Company&#146;s overall tax position.
</FONT>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="40%"></TD>
    <TD width="60%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    <FONT size="2">O. G. Webb, <I>Chairman</I>
    </FONT></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    <FONT size="2">R. S. Joslin
    </FONT></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    <FONT size="2">J. K. Vanier
    </FONT></TD>
</TR>

</TABLE>

<P align="center"><FONT size="2">9
</FONT>

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

<P align="left">


<!-- link1 "PERFORMANCE GRAPH" -->
<DIV align="left"><A NAME="002"></A></DIV>

<DIV align="center">
<B><FONT size="2">COMPARISON OF FIVE YEAR CUMULATIVE TOTAL
RETURN*</FONT></B>
</DIV>

<DIV align="center">
<B><FONT size="2">AMONG ARCHER-DANIELS-MIDLAND COMPANY
(ADM),</FONT></B>
</DIV>

<DIV align="center">
<B><FONT size="2">THE S&#38;P PACKAGED FOODS INDEX</FONT></B>
</DIV>

<DIV align="center">
<B><FONT size="2">AND THE S&#38;P 500 INDEX</FONT></B>
</DIV>

<P align="center">
<IMG src="c71484dc7148401.gif" alt="(PERFORMANCE GRAPH)">
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="2%"></TD>
    <TD width="98%"></TD>
</TR>

<TR valign="top">
    <TD><FONT size="2">*&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">$100 invested on 06/30/97 in stock or index
    including reinvestment of dividends. Fiscal year ended
    June&nbsp;30.
    </FONT></TD>
</TR>

</TABLE>

<P align="left">
<FONT size="2">Graph produced in accordance with SEC regulations
by Research Data Group, Inc.
</FONT>

<P align="left">
<B><FONT size="2">Certain Relationships and Related
Transactions</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">During the fiscal year ended June&nbsp;30, 2002,
the Company retained the services of the law firm of Ogilvy
Renault of which M.&nbsp;Brian Mulroney, a director of the
Company, is the senior partner. The Company may continue to
retain the services of, and refer specific matters to, this firm
during the next fiscal year.
</FONT>

<P align="left">
<B><FONT size="2">Report of the Audit Committee</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The Audit Committee provides assistance to the
Board of Directors in fulfilling its oversight responsibility to
the stockholders relating to the Company&#146;s financial
statements and the financial reporting process, preparation of
the financial reports and other financial information provided
by the Company to any governmental or regulatory body, the
systems of internal accounting and financial controls, the
internal audit function, the annual independent audit of the
Company&#146;s financial statements, and the legal compliance
and ethics programs as established by management and the Board.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Management has the primary responsibility for the
financial statements and the reporting process including the
systems of internal controls. In fulfilling its oversight
responsibilities, the Committee reviewed the audited financial
statements in the Annual Report with management including a
discussion of the quality, not just the acceptability, of the
accounting principles, the reasonableness of significant
judgments, the development and selection of the critical
accounting estimates, and the clarity of disclosures in the
financial statements.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The Committee reviewed with the independent
auditors, who are responsible for expressing an opinion on the
conformity of those audited financial statements with generally
accepted accounting principles, their judgment as to the
quality, not just the acceptability, of the Company&#146;s
accounting principles and such other matters as are required to
be discussed with the Committee under generally accepted
auditing standards. In addition, the Committee has discussed
with the independent auditors the auditors&#146;
</FONT>

<P align="center"><FONT size="2">10
</FONT>

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

<DIV align="left">
<FONT size="2">independence from management and the Company
including the matters in the written disclosures required by
Independence Standards Board Standard No.&nbsp;1 and considered
the compatibility of nonaudit services with the auditors&#146;
independence.
</FONT>
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The Committee discussed with the Company&#146;s
internal and independent auditors the overall scope and plans
for their respective audits. The Committee meets with the
internal and independent auditors, with and without financial
management present, to discuss the results of their
examinations, their evaluations of the Company&#146;s internal
controls, and the overall quality of the Company&#146;s
financial reporting. The Committee held four meetings during
fiscal year 2002.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">In reliance on the reviews and discussions
referred to above, the Committee recommended to the Board of
Directors (and the Board has approved) that the audited
financial statements be included in the Annual Report on
Form&nbsp;10-K for the year ended June&nbsp;30, 2002 for filing
with the Securities and Exchange Commission. The Committee and
the Board have also recommended, subject to shareholder
approval, the selection of the Company&#146;s independent
auditors.
</FONT>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="40%"></TD>
    <TD width="60%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    <FONT size="2">D.&nbsp;J. Mimran, <I>Chairman</I>
    </FONT></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    <FONT size="2">H. de Boon
    </FONT></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    <FONT size="2">M.H. Carter
    </FONT></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    <FONT size="2">R. S. Joslin
    </FONT></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    <FONT size="2">A. Young
    </FONT></TD>
</TR>

</TABLE>

<P align="left">
<B><FONT size="2">Auditors</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The firm of Ernst &#38; Young LLP, independent
auditors, has audited the records of the Company for many years.
The Board of Directors wishes to continue the services of this
firm for the fiscal year ending June&nbsp;30, 2003, and the
Stockholders&#146; ratification of such appointment is
requested. Representatives of Ernst &#38; Young LLP will attend
the Annual Meeting, will have the opportunity to make a
statement if they desire to do so, and will be available to
respond to appropriate questions.
</FONT>

<P align="left">
<B><FONT size="2">Fees Paid to Independent Auditors</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The following table shows the aggregate fees
billed to the Company by Ernst &#38; Young LLP for services
rendered during the fiscal year ended June&nbsp;30, 2002:
</FONT>

<CENTER>
<TABLE width="90%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="42%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="4%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="28%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="5%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="1%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="4%"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Description of Fees:</FONT></B></TD>
    <TD></TD>
    <TD colspan="3"></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><B><FONT size="1">Amount($)</FONT></B></TD><TD></TD>
</TR>

<TR>
    <TD colspan="2" align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD colspan="3"></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD colspan="2" align="center" nowrap><HR size="1" noshade></TD><TD></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD colspan="8" align="left" valign="top">
    <FONT size="2">Audit Fees(1)
    </FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">3,091,000</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="8" align="left" valign="top">
    <FONT size="2">Financial Information Systems Design and
    Implementation Fees
    </FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">0</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD colspan="8" align="left" valign="top">
    <FONT size="2">All Other Fees
    </FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">Audit Related Services(2)
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">1,299,000</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#EEEEEE">
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top">
    <DIV style="margin-left:10px; text-indent:-10px">
    <FONT size="2">Other Fees(3)
    </FONT></DIV>
    </TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">12,604,000</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD colspan="2"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="2" align="left"><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="2"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>

</TR>

<TR>
    <TD colspan="8" align="left" valign="top">
    <FONT size="2">Total All Other Fees
    </FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="bottom" nowrap><FONT size="2">13,903,000</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

</TABLE>
</CENTER>

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

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="4%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD><FONT size="2">(1)&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">Includes fees for audit of the June&nbsp;30, 2002
    financial statements and reviews of the related quarterly
    financial statements.
    </FONT></TD>
</TR>

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

<TR valign="top">
    <TD><FONT size="2">(2)&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">Includes fees for certain statutory audits,
    accounting and reporting assistance and audit related work in
    connection with employee benefit plans of the Company.
    </FONT></TD>
</TR>

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

<TR valign="top">
    <TD><FONT size="2">(3)&nbsp;</FONT></TD>
    <TD align="left">
    <FONT size="2">Includes fees related to tax planning advice, tax
    return preparation, and expatriate tax services.
    </FONT></TD>
</TR>

</TABLE>

<P align="center"><FONT size="2">11
</FONT>

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

<P align="left">
<B><FONT size="2">Section&nbsp;16(a) Beneficial Ownership
Reporting Compliance</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Based solely upon a review of copies of reports
furnished to the Company during the fiscal year ended
June&nbsp;30, 2002, the following person filed the number of
late reports or failed to file reports representing the number
of transactions set forth after his name:
R.&nbsp;P.&nbsp;Reising 1&nbsp;report/1 transaction.
</FONT>

<P align="left">


<!-- link1 "APPROVAL OF THE 2002 INCENTIVE COMPENSATION PLAN" -->
<DIV align="left"><A NAME="003"></A></DIV>

<DIV align="left">
<B><FONT size="2">APPROVAL OF THE 2002 INCENTIVE COMPENSATION
PLAN</FONT></B>
</DIV>

<P align="left">
<B><FONT size="2">Introduction</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The Company&#146;s Board of Directors, following
approval by the Compensation Committee of the Board (the
&#147;Committee&#148;), authorized the adoption of the
Archer-Daniels-Midland Company 2002 Incentive Compensation Plan
(the &#147;Plan&#148;) effective as of December&nbsp;1, 2002,
subject to the approval of the Plan by the Company&#146;s
Stockholders. A copy of the Plan is attached as Exhibit
&#147;A&#148; to this Proxy Statement, and this discussion is
qualified in its entirety by reference to the full text of the
Plan.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The Board of Directors and the Committee believe
that the adoption of the Plan would be in the best interests of
the Company. The purpose of the Plan is to provide employees
with an incentive to put forth maximum efforts for the
Company&#146;s success and to provide a valuable means of
retaining key personnel as well as attracting new management
personnel when needed for future operations and growth.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The Plan has been designed to meet the
requirements of Section&nbsp;162(m) of the Internal Revenue Code
of 1986, as amended (the &#147;Code&#148;), regarding
deductibility of executive compensation, discussed below. The
basic features of the Plan are summarized below.
</FONT>

<P align="left">
<B><FONT size="2">Administration</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The Plan will be administered by the Committee or
a subcommittee of the Committee, which shall consist of two or
more directors who are &#147;non-employee directors&#148; within
the meaning of Rule&nbsp;16b-3 under the Securities Exchange Act
of 1934, as amended, and/or &#147;outside directors&#148; for
purposes of Section&nbsp;162(m) of the Code. Subject to the
provisions of the Plan, the Committee will have the power to
make awards under the Plan and to determine when and to whom
awards will be granted, and the form, amount, and other terms
and conditions of each award. The Committee will have the
authority to interpret the Plan and any award or agreement made
under the Plan, to establish, amend, waive, and rescind any
rules and regulations relating to the administration of the
Plan, to determine the terms and provisions of any agreements
entered into under the Plan (not inconsistent with the Plan),
and to make all other determinations necessary or advisable for
the administration of the Plan. In addition, the Board of
Directors of the Company may delegate authority to officers of
the Company to grant and administer option grants under the
Plan; provided, however, that such officers may not grant
options to themselves or to any employee of the Company who is
subject to the requirements of Section&nbsp;16 of the Securities
Exchange Act of 1934.
</FONT>

<P align="left">
<B><FONT size="2">Eligibility and Number of Shares</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">All employees of the Company and its affiliates
will be eligible to receive awards under the Plan at the
discretion of the Committee. The Company and its affiliates
currently have approximately 24,746&nbsp;employees.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The total number of shares of the Common Stock of
the Company available for distribution under the Plan is
25,000,000, no more than 10,000,000 of which may be granted in
the form of restricted stock (subject to adjustment for future
stock splits, stock dividends, and similar changes in the
capitalization of the Company). No participant may receive in
any fiscal year of the Company awards under the Plan that exceed
the following limitations: no participant may receive an award
of more than 1,000,000 shares subject to stock options; no
participant may receive an award of more than 1,000,000 shares
subject to
</FONT>

<P align="center"><FONT size="2">12
</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV align="left">
<FONT size="2">stock appreciation rights; no participant may
receive an award of more than 500,000 shares of restricted
stock; no participant may receive an award of more than 500,000
performance shares; no participant may receive a maximum
aggregate pay-out with respect to performance units in excess of
$2,000,000; and no participant may receive a maximum aggregate
pay-out with respect to cash-based awards in excess of
$2,000,000.
</FONT>
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Awards under the Plan are to be evidenced by
written agreements containing the terms and conditions of the
awards. Such agreements are subject to amendment, including
unilateral amendment by the Company (with the approval of the
Committee) unless such amendments adversely affect the
participant. To the extent that an award payable in shares of
the Common Stock of the Company is forfeited, cancelled,
returned to the Company for failure to satisfy vesting
requirements or upon the occurrence of other forfeiture events,
or otherwise terminates without payment being made thereunder,
the shares of the Common Stock of the Company covered thereby
will no longer be charged against the maximum 25,000,000 and
10,000,000 share limitations described above and may again be
subject to awards under the Plan.
</FONT>

<P align="left">
<B><FONT size="2">Types of Awards</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The types of awards that may be granted under the
Plan include incentive and nonqualified stock options, stock
appreciation rights, restricted stock, performance shares,
performance units, and cash-based awards. Subject to certain
restrictions applicable to incentive stock options, awards will
be exercisable by the recipients at such times as are determined
by the Committee, but in no event may the term of an award be
longer than ten years after the date of grant.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">In addition to the general characteristics of all
of the awards described in this Proxy Statement, the basic
characteristics of awards that may be granted under the Plan are
as follows:
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I><FONT size="2">Incentive and Nonqualified Stock
Options.</FONT></I><FONT size="2"> Both incentive and
nonqualified stock options may be granted to participants at
such exercise prices as the Committee, or the officers delegated
authority to grant and administer options by the Board of
Directors, may determine, but the exercise price for any option
may not be less than 100% of the fair market value (as defined
in the Plan) of a share of the Common Stock of the Company as of
the date the option is granted. Stock options may be granted and
exercised at such times as the Committee, or the officers
delegated authority to grant and administer options by the Board
of Directors, may determine, except that, unless applicable
federal tax laws are modified, (a)&nbsp;no incentive stock
options may be granted more than ten years after the effective
date of the Plan; (b)&nbsp;an option shall not be exercisable
more than ten years after the date of grant; and (c)&nbsp;the
aggregate fair market value of the shares of the Common Stock of
the Company with respect to which incentive stock options
granted under the Plan or any other plan of the Company may
first become exercisable in any calendar year for any employee
may not exceed the maximum amount permitted under Code
Section&nbsp;422(d). Additional restrictions apply to an
incentive stock option granted to an individual who beneficially
owns more than 10% of the combined voting power of all classes
of stock of the Company.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The purchase price payable upon exercise of
options may be paid in cash, or, if the Committee permits, by
delivering stock already owned by the participant (the fair
market value of the shares delivered on the date of exercise
being equal to the option price of the stock being purchased),
or by a combination of cash and such stock, unless otherwise
provided in the related agreement. The Committee may also allow
payment in the form of an authorization to the Company to
withhold from the total number of shares of Common Stock as to
which the option is being exercised the number of shares having
a fair market value on the date of exercise equal to the
aggregate option price for the total number of shares as to
which the option is being exercised, an irrevocable
authorization to a third party with whom the participant has a
brokerage or similar relationship to sell the shares acquired
upon exercise of the option or use the sale proceeds to pay the
purchase price, or by any other means which the Committee
determines to be consistent with the Plan&#146;s purpose and
applicable law.
</FONT>

<P align="center"><FONT size="2">13
</FONT>

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

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I><FONT size="2">Stock Appreciation Rights, Performance Shares/
Units and Cash-Based Awards.</FONT></I><FONT size="2"> The value
of a stock appreciation right granted to a recipient is
determined by the appreciation in the Common Stock of the
Company, subject to any limitations upon the amount or
percentage of total appreciation that the Committee may
determine at the time the right is granted. The recipient
receives all or a portion of the amount by which the fair market
value of a specified number of shares, as of the date the stock
appreciation right is exercised, exceeds a price specified by
the Committee at the time the right is granted. The price
specified by the Committee must be at least 100% of the fair
market value of the specified number of shares of the Common
Stock of the Company to which the right relates determined as of
the date the stock appreciation right is granted. A stock
appreciation right may be granted in connection with a
previously or contemporaneously granted option, or independent
of any option.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Performance shares and units and cash-based
awards entitle the recipient to payment in amounts determined by
the Committee based upon the achievement of specified
performance targets during a specified term. With respect to
awards intended to comply with the requirements of
Section&nbsp;162(m) of the Code, such performance targets will
be based on one or any combination of two or more of the
following criteria: earnings per share, net income before or
after taxes, return on assets or return on equity, cash flow
return on investments (net cash flows divided by owners&#146;
equity), earnings before or after taxes, gross revenues, and
share price (including, but not limited to, growth measures and
total stockholder return). The performance targets may be
applied on an absolute or comparative basis. Any such targets
may relate to one or any combination of two or more of company,
subsidiary, affiliate, division or business unit performance.
Awards that are not intended to comply with Section&nbsp;162(m)
of the Code may be based on these or other performance criteria,
as determined by the Committee. The value in dollars of any
award denominated in shares or units is determined when the
award is earned based on the fair market value of a share of the
Common Stock of the Company on the last day of the performance
period.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Payments with respect to stock appreciation
rights, performance shares and units and cash-based awards may
be paid in cash, shares of the Common Stock of the Company or a
combination of cash and shares as determined by the Committee.
The Committee may require or permit participants to defer the
issuance of shares or the settlement of awards in cash under
such rules and procedures as it may establish under the Plan.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I><FONT size="2">Restricted Stock
Awards.</FONT></I><FONT size="2"> The Common Stock of the
Company granted to recipients may contain such restrictions as
the Committee may determine, including provisions requiring
forfeiture and imposing restrictions upon stock transfer. Awards
of restricted stock may, in the discretion of the Committee,
provide the participant with dividends and voting rights prior
to vesting.
</FONT>

<P align="left">
<B><FONT size="2">Transferability</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">During the lifetime of a participant to whom an
award is granted, only such participant (or, if so provided in
the applicable agreement in the case of a nonqualified stock
option, a permitted transferee as hereafter described) may
exercise an option or stock appreciation right or receive
payment with respect to performance shares or any other award.
No award of restricted stock (prior to the expiration of the
restrictions), options, stock appreciation rights, performance
shares or units, or cash-based award (other than an award of
stock without restrictions) may be sold, assigned, transferred,
exchanged, or otherwise encumbered, and any attempt to do so
will not be effective, except that an agreement may provide
that: (a)&nbsp;an award may be transferable to a successor in
the event of a participant&#146;s death, (b)&nbsp;a nonqualified
stock option may be transferable pursuant to a qualified
domestic relations order and (c)&nbsp;a nonqualified stock
option may be transferable to members of the participant&#146;s
immediate family (as such term is defined in the award
agreement, in a manner consistent with the definition contained
in the instructions to the Form&nbsp;S-8 Registration Statement
under the Securities Act of 1933) or to one or more trusts for
the benefit of such family members or partnerships in which such
family members are the only partners, provided that the
participant receives no consideration for the transfer. The
transfer of a nonqualified stock option may be subject to such
other terms and conditions as the Committee may determine.
</FONT>

<P align="center"><FONT size="2">14
</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<P align="left">
<B><FONT size="2">Duration, Adjustments, Modifications,
Terminations</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The Plan will remain in effect until all shares
of the Common Stock of the Company subject to the Plan are
distributed, or the Plan is terminated as described below.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">In the event of a recapitalization, stock
dividend, stock split, or other relevant change, the Committee
has the discretion to adjust the number and type of securities
available for awards or the number and type of securities and
amount of cash subject to outstanding awards, the option
exercise price of outstanding options, and provisions regarding
payment with respect to outstanding awards. Adjustments in
performance targets and payments on performance shares and units
and cash-based awards are also permitted upon the occurrence of
such events as may be specified in the related agreements.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The Plan also gives the Board the right to amend,
modify, terminate or suspend the Plan, except that no amendment
shall be effective without Stockholder approval if such
amendment would (i)&nbsp;change the class of persons eligible to
participate under the Plan, (ii)&nbsp;increase the number of
shares of the Common Stock of the Company reserved for issuance
under the Plan or the maximum number of shares subject to awards
under the Plan, or (iii)&nbsp;allow the grant of options at an
exercise price below the fair market value of a share of the
Common Stock of the Company at the date of grant. In addition,
the Board may seek Stockholder approval of any amendment to the
extent the Board deems such approval necessary or advisable for
purposes of compliance with provisions of the Code, the listing
requirements of the New York Stock Exchange or for any other
purpose. No amendment or modification of the Plan shall
adversely affect any award previously granted without the
consent of the participant.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">In the event of a proposed dissolution or
liquidation of the Company, a proposed sale of substantially all
of the assets of the Company, a proposed merger or consolidation
of the Company with or into any other corporation, or a proposed
statutory share exchange involving capital stock of the Company,
the Committee has the discretion, but not the obligation, to
replace or cancel in exchange for payment outstanding options
and stock appreciation rights in accordance with the terms of
the Plan.
</FONT>

<P align="left">
<B><FONT size="2">Federal Tax Considerations</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The Company has been advised by its counsel that
awards made under the Plan generally will result in the
following tax events for United States citizens under current
United States federal income tax laws.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I><FONT size="2">Incentive Stock
Options.</FONT></I><FONT size="2"> A recipient will realize no
taxable income, and the Company will not be entitled to any
related deduction, at the time an incentive stock option is
granted under the Plan. If certain statutory employment and
holding period conditions are satisfied before the recipient
disposes of shares acquired pursuant to the exercise of such an
option, then no taxable income will result upon the exercise of
such option, and the Company will not be entitled to any
deduction in connection with such exercise. Upon disposition of
the shares after expiration of the statutory holding periods,
any gain or loss realized by a recipient will be a capital gain
or loss. The Company will not be entitled to a deduction with
respect to a disposition of the shares by a recipient after the
expiration of the statutory holding periods.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Except in the event of death, if shares acquired
by a recipient upon the exercise of an incentive stock option
are disposed of by such recipient before the expiration of the
statutory holding periods (a &#147;disqualifying
disposition&#148;), such recipient will be considered to have
realized as compensation, taxable as ordinary income in the year
of disposition, an amount, not exceeding the gain realized on
such disposition, equal to the difference between the exercise
price and the fair market value of the shares on the date of
exercise of the option. The Company will be entitled to a
deduction at the same time and in the same amount as the
recipient is deemed to have realized ordinary income. Any gain
realized on the disposition in excess of the amount treated as
compensation or any loss realized on the disposition will
constitute capital gain or loss, respectively. If the recipient
pays the option price with shares that were originally acquired
pursuant to the exercise of an incentive stock option and the
statutory holding periods for such shares have not been met, the
recipient will be treated as having made a disqualifying
disposition of such shares, and the tax consequence of such
disqualifying disposition will be as described above.
</FONT>

<P align="center"><FONT size="2">15
</FONT>

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

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The foregoing discussion applies only for regular
tax purposes. For alternative minimum tax purposes, an incentive
stock option will be treated as if it were a nonqualified stock
option, the tax consequences of which are discussed below.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I><FONT size="2">Nonqualified Stock
Options.</FONT></I><FONT size="2"> A recipient will realize no
taxable income, and the Company will not be entitled to any
related deduction, at the time a nonqualified stock option is
granted under the Plan. At the time of exercise of a
nonqualified stock option, the recipient will realize ordinary
income, and the Company will be entitled to a deduction, equal
to the excess of the fair market value of the stock on the date
of exercise over the option price. Upon disposition of the
shares, any additional gain or loss realized by the recipient
will be taxed as a capital gain or loss.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I><FONT size="2">Stock Appreciation Rights and Units,
Performance Shares and Cash-Based
Awards.</FONT></I><FONT size="2"> Generally: (a)&nbsp;the
recipient will not realize income upon the grant of a stock
appreciation right, a performance share award or unit or a
cash-based award; (b)&nbsp;the recipient will realize ordinary
income, and the Company will be entitled to a corresponding
deduction, in the year cash, shares of Common Stock, or a
combination of cash and shares are delivered to the recipient
upon exercise of a stock appreciation right or in payment of the
performance share award or unit or a cash-based award; and
(c)&nbsp;the amount of such ordinary income and deduction will
be the amount of cash received plus the fair market value of the
shares of Common Stock received on the date of issuance. Upon
disposition of shares received by a recipient upon exercise of a
stock appreciation right or in payment of a performance share or
unit or cash-based award, the recipient will recognize capital
gain or loss equal to the difference between the amount received
upon such disposition and the fair market value of the shares on
the date they were originally received by the recipient.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<I><FONT size="2">Restricted Stock.</FONT></I><FONT size="2">
Unless the recipient files an election to be taxed under
Section&nbsp;83(b) of the Code: (a)&nbsp;the recipient will not
realize income upon the grant of restricted stock; (b)&nbsp;the
recipient will realize ordinary income, and the Company will be
entitled to a corresponding deduction, when the restrictions
have been removed or expire; and (c)&nbsp;the amount of such
ordinary income and deduction will be the fair market value of
the restricted stock on the date the restrictions are removed or
expire. If the recipient files an election to be taxed under
Section&nbsp;83(b) of the Code, the tax consequences to the
recipient and the Company will be determined as of the date of
the grant of the restricted stock rather than as of the date of
the removal or expiration of the restrictions.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">When the recipient disposes of restricted stock,
the difference between the amount received upon such disposition
and the fair market value of such shares on the date the
recipient realizes ordinary income will be treated as a capital
gain or loss.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Compensation of the Company&#146;s Chief
Executive and four other most highly compensated Executive
Officers is subject to the tax deduction limits of
Section&nbsp;162(m) of the Code. Awards that qualify as
&#147;performance-based compensation&#148; will be exempt from
Section&nbsp;162(m), thus allowing the Company the full tax
deduction otherwise permitted for such awards. If approved by
the Company&#146;s Stockholders, the Plan will enable the
Committee to grant awards that will be exempt from the deduction
limits of Section&nbsp;162(m) of the Code.
</FONT>

<P align="left">
<B><FONT size="2">Forfeiture</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The Plan permits the Committee to provide in the
award agreements conditions of forfeiture of a
participant&#146;s rights with regard to such award in the event
of the termination of employment of the participant &#147;for
cause&#148;, the participant&#146;s breach of restrictive
covenants or the participant having engaged in an activity
detrimental to the Company. Such conditions of forfeiture may
include suspension or cancellation of the participant&#146;s
right to exercise an option or stock appreciation right,
suspension or cancellation of the participant&#146;s pending
right to receive an issuance of shares or cash payment in
settlement of any award, forfeiture of any shares of restricted
stock held by the participant or, following the issuance of
shares or payment of cash upon exercise, vesting or payment of
an award, either cancelling the shares so issued or requiring
the participant to pay the Company in cash an amount equal to
the gain realized by the participant from such award.
</FONT>

<P align="center"><FONT size="2">16
</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<P align="left">
<B><FONT size="2">Withholding</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The Plan permits the Company to withhold from
awards an amount sufficient to cover any required withholding
taxes. In lieu of cash, the Committee may permit a participant
to cover withholding obligations through a reduction in the
number of shares to be delivered to such participant or by
delivery of shares already owned by the participant.
</FONT>

<P align="left">
<B><FONT size="2">New Plan Benefits</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The Committee has not yet made any determination
with respect to awards that may be granted in the future
pursuant to the Plan. The closing sale price of a share of the
Common Stock of the Company on the New York Stock Exchange on
September&nbsp;18, 2002 was $12.27&nbsp;per share.
</FONT>

<P align="left">
<B><FONT size="2">Voting Requirements</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The affirmative vote of the holders of a majority
of the outstanding shares of Common Stock of the Company present
in person or by proxy and entitled to vote on this item at the
meeting is required for approval of the Plan. Proxies solicited
by the Board of Directors will be voted for approval of the Plan
unless shareholders specify otherwise in their proxies. For this
purpose, a Stockholder voting through a Proxy who abstains with
respect to approval of the Plan is considered to be present and
entitled to vote on the approval of the Plan at the meeting, and
is in effect a negative vote, but a Stockholder (including a
broker) who does not give authority to a Proxy to vote or
withholds authority to vote on the approval of the Plan shall
not be considered present and entitled to vote on the proposal.
</FONT>

<P align="left">
<B><FONT size="2">Recommendation</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The Board of Directors recommends a vote FOR
approval of the 2002 Incentive Compensation Plan.
</FONT>

<P align="left">


<!-- link1 "STOCKHOLDER&#146;S PROPOSAL NO. 1" -->
<DIV align="left"><A NAME="004"></A></DIV>

<DIV align="left">
<B><FONT size="2">STOCKHOLDER&#146;S PROPOSAL NO. 1</FONT></B>
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The following proposal and supporting statement
have been submitted by Martin Glotzer, 7061 North Kedzie,
Chicago, Illinois 60645 and/or The Ruffy Corp., 29&nbsp;East
64th Street, New York, New York 10021-7043. Mr.&nbsp;Glotzer and
The Ruffy Corp. hold 120 shares and 546 shares of Company Stock,
respectively:
</FONT>

<P align="left">
<B><FONT size="2">Stockholder Proposal: Cumulative
Voting</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">RESOLVED:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;That the
stockholders of Archer-Daniels-Midland Company, assembled in
annual meeting in person and by proxy, hereby request the Board
of Directors to take the steps necessary to provide for
cumulative voting in the election of directors, which means each
stockholder shall be entitled to as many votes as shall equal
the number of shares he or she owns multiplied by the number of
directors to be elected, and he or she may cast all of such
votes for a single candidate, or any two or more of them as he
or she may see fit.
</FONT>

<P align="left">


<!-- link1 "REASONS" -->
<DIV align="left"><A NAME="005"></A></DIV>

<DIV align="left">
<B><FONT size="2">REASONS</FONT></B>
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The late Mr.&nbsp;Joseph Medill, Publisher of the
Chicago Tribune was in favor of cumulative voting.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Strong support along the lines we suggest were
shown at the 2001 annual meeting when 159,658,312 shares were
cast in favor of this proposal. The vote against included 1,875
unmarked proxies.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">We believe the Board of Directors should adopt
cumulative voting in the election of Directors as part of its
program of corporate governance.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">If you agree, please &#147;VOTE&nbsp;&#151;
FOR&#148;.
</FONT>

<P align="center"><FONT size="2">17
</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<P align="left">
<B><FONT size="2">Recommendation of the Board of Directors
Against the Proposal</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The Board of Directors believes that each
Director should be chosen for his or her qualifications and
ability to serve the Company and all of its Stockholders.
Cumulative voting introduces the possibility of a director being
committed to serve the special interests of a small fraction
responsible for the Director&#146;s election, rather than the
best interests of the Stockholders as a whole. The present
system of voting for the election of Directors avoids the
conflict created when a Director is elected by a narrow
constituency. The Company&#146;s Stockholders defeated similar
proposals at the 1998, 1999, 2000 and 2001 Annual Meetings.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The Board of Directors recommends that
Stockholders vote AGAINST this Stockholder proposal. Proxies
solicited by the Board of Directors will be so voted unless
Stockholders specify a different choice.
</FONT>

<P align="left">


<!-- link1 "STOCKHOLDER&#146;S PROPOSAL NO. 2" -->
<DIV align="left"><A NAME="006"></A></DIV>

<DIV align="left">
<B><FONT size="2">STOCKHOLDER&#146;S PROPOSAL NO. 2</FONT></B>
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The following proposal and supporting statement
have been submitted by Financial Investors Trust, on behalf of
the United Association S&#38;P 500 Index Fund, 370 Seventeenth
Street Suite&nbsp;3100, Denver, Colorado 80202-5627, which holds
44,302 shares of Company Stock:
</FONT>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <B><FONT size="2">RESOLVED:</FONT></B><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;That
    the shareholders of Archer-Daniels-Midland request that the
    Board of Directors adopt a policy that in the future the firm
    that is appointed to be the Company&#146;s independent
    accountants will only provide audit services to the Company and
    not provide any other services.
    </FONT></TD>
</TR>

</TABLE>

<P align="left">
<B><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Supporting
Statement</FONT></B>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">The Securities and Exchange Commission passed new
    proxy statement rules that took effect February&nbsp;5, 2001,
    which require companies to disclose how much they pay their
    accounting firms for audit services and non-audit services.
    </FONT></TD>
</TR>

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

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">The results have been startling. According to a
    Wall Street Journal article of April&nbsp;10, 2001: &#147;The
    nation&#146;s biggest companies last year paid far more money
    than previously estimated to their independent accounting firms
    for services other than auditing, newly disclosed figures show,
    renewing questions about whether such fees create conflicts of
    interest for auditing firms...At issue: How objective can an
    accounting firm be in an audit when it is also making millions
    of dollars providing the client with other services.&#148;
    </FONT></TD>
</TR>

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

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">The Wall Street Journal article reported that of
    the 307 S&#38;P 500 companies it had surveyed, the average fees
    for non-audit services were nearly three times as big as the
    audit fees. The Company&#146;s 2001 proxy statement revealed
    that it had paid its independent auditor $2,755,000 for its
    audit work and $6,070,000 for total all other work.
    </FONT></TD>
</TR>

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

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">When the SEC was seeking comments on its
    accountant disclosure rules, substantial institutional investors
    urged that auditors should not accept non-audit fees from
    companies. The California Public Employees&#146; Retirement
    System&#146;s General Counsel, Kayla&nbsp;J. Gillan, wrote:
    &#147;The SEC should consider simplifying its Proposal and
    drawing a bright-line test: no non-audit services to an audit
    client.&#148; TIAA-CREF&#146;s Chairman/ CEO John&nbsp;H. Biggs
    wrote: &#147;...independent public audit firms should not be the
    auditors of any company for which they simultaneously provide
    other services. It&#146;s that simple.&#148;
    </FONT></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">It is respectfully submitted that it would be in
the best interests of the Company&#146;s shareholders if the
Board of Directors adopts a policy that in the future any firm
appointed to be the Company&#146;s independent accountants shall
only provide audit services to the Company and not provide any
other services.
</FONT>

<P align="left">
<B><FONT size="2">Recommendation of the Board of Directors
Against the Proposal</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The Board of Directors of the Company recommends
a vote AGAINST this proposal for the following reasons:
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The Company retains its independent auditors,
Ernst&nbsp;&#38; Young LLP, to advise it on certain matters in
addition to its core auditing functions. These engagement
decisions are made only when two conditions are
</FONT>

<P align="center"><FONT size="2">18
</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV align="left">
<FONT size="2">met. First, the Company determines that
Ernst&nbsp;&#38; Young LLP&#146;s particular expertise, coupled
with its knowledge of the Company and the Company&#146;s
management and financial systems, provides substantial assurance
that the Company will receive high quality and useful results in
a timely and efficient manner. Second, the Company determines
that the engagement is consistent with the maintenance of
auditor independence.
</FONT>
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">In accordance with guidelines of the Securities
and Exchange Commission (SEC) and the American Institute of
Certified Public Accountants and Ernst&nbsp;&#38; Young
LLP&#146;s internal control procedures, Ernst&nbsp;&#38; Young
LLP has processes in place to ensure its audits are conducted in
an objective and impartial manner. These procedures include
mandatory rotation of the engagement partner, mandatory review
by a partner independent of the engagement team of the audit
report and financial statements prior to issuance of the report,
an annual review of partner assignments for public companies, an
internal program annually to assess the quality of audit work in
a cross-section of offices, and participation in the accounting
profession&#146;s peer review process. In addition, all of
Ernst&nbsp;&#38; Young LLP&#146;s full-time client service
professionals are prohibited from owning any audit client&#146;s
securities.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">In addition to these internal procedures, the
Company annually seeks Stockholder ratification of its selection
of independent auditors. In addition, as required by the rules
of the SEC, the Company also provides Stockholders with
information relating to fees paid to its independent auditors as
well as disclosure of the Audit Committee&#146;s consideration
of whether the provision of non-audit services is compatible
with maintaining the independence of the Company&#146;s
accountants.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Further, the federal Sarbanes-Oxley Act of 2002
prohibits the Company&#146;s independent auditors from providing
the Company with certain specified categories of non-audit
services. Under this Act, the Company&#146;s independent
auditors may provide the Company with non-audit services not
otherwise prohibited by the Act, only if the activity is
approved in advance by the Company&#146;s Audit Committee. The
Company shall fully comply with this Act in its engagement of
the Company&#146;s independent auditors to perform non-audit
services.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The discretion to determine the best allocation
of tasks among accounting firms is an essential component of the
ability of the Board of Directors and the Audit Committee to
discharge their responsibilities to the Company and its
Stockholders. The Company does not believe that the retention of
this discretion in any way undermines its ability to monitor and
ensure the independence of the Company&#146;s auditors. The
Audit Committee regularly monitors and evaluates the performance
of Ernst &#38; Young LLP in both its audit and non-audit
services, the fees paid for all such services and the
compatibility of the non-audit services with the maintenance of
the firm&#146;s independence.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Given the protective measures already in place,
the disclosures required when independent auditors are selected
for non-audit work, and the requirements of the Sarbanes-Oxley
Act of 2002, the Company believes there is no benefit to the
Company or its Stockholders from any further limitation as
suggested in this Stockholder proposal.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Accordingly, the Board of Directors recommends
that you vote AGAINST this proposal, and your proxy will be so
voted unless you specify otherwise.
</FONT>

<P align="left">
<B><FONT size="2">Deadline for Submission of Stockholder
Proposals</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Proposals of Stockholders intended to be
presented at the next Annual Meeting and desired to be included
in the Company&#146;s Proxy Statement for that meeting must be
received by the Secretary, Archer-Daniels-Midland Company,
4666&nbsp;Faries Parkway, Decatur, Illinois, 62526, no later
than May&nbsp;26, 2003, in order to be included in such Proxy
Statement. Generally, if written notice of any Stockholder
proposal intended to be presented at the next Annual Meeting is
not delivered to the Secretary at the above address between
August&nbsp;7, 2003 and September&nbsp;7, 2003 (or, if the next
Annual Meeting is called for a date that is not within the
period from October&nbsp;7, 2003 to December&nbsp;7, 2003, if
such notice is not so delivered by the close of business on the
tenth day following the earlier of the date on which notice of
the date of such Annual Meeting is mailed or public disclosure
of the date of such Annual Meeting is made), or if such
</FONT>

<P align="center"><FONT size="2">19
</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV align="left">
<FONT size="2">notice does not contain the information required
by Section&nbsp;1.4(c) of the Company&#146;s Bylaws, the chair
of the Annual Meeting may declare that such Stockholder proposal
be disregarded.
</FONT>
</DIV>

<P align="left">
<B><FONT size="2">Other Matters</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">It is not contemplated or expected that any
business other than that pertaining to the subjects referred to
in this Proxy Statement will be brought up for action at the
meeting, but in the event that other business does properly come
before the meeting calling for a Stockholders&#146; vote, the
Proxy Committee will vote thereon according to its best judgment
in the interest of the Company.
</FONT>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="40%"></TD>
    <TD width="60%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    <FONT size="2">By Order of the Board of Directors
    </FONT></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    <FONT size="2">ARCHER-DANIELS-MIDLAND COMPANY
    </FONT></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    <FONT size="2">D. J. Smith, <I>Secretary</I>
    </FONT></TD>
</TR>

</TABLE>

<P align="left">
<FONT size="2">September&nbsp;25, 2002
</FONT>

<P align="center"><FONT size="2">20
</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<P align="left">


<!-- link1 "EXHIBIT &#147;A&#148;" -->
<DIV align="left"><A NAME="007"></A></DIV>

<DIV align="center">
<B><FONT size="2">EXHIBIT &#147;A&#148;</FONT></B>
</DIV>

<P align="center">
<B><FONT size="2">ARCHER-DANIELS-MIDLAND COMPANY</FONT></B>

<DIV align="center">
<B><FONT size="2">2002 INCENTIVE COMPENSATION PLAN</FONT></B>
</DIV>

<P align="left">
<B><FONT size="2">Article&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Establishment,
Objectives, and Duration</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">1.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Establishment
of the Plan</I>. Archer-Daniels-Midland Company, a Delaware
corporation (hereinafter referred to as the
&#147;Company&#148;), hereby establishes an incentive
compensation plan to be known as the
&#147;Archer-Daniels-Midland Company 2002 Incentive Compensation
Plan&#148; (hereinafter referred to as the &#147;Plan&#148;), as
set forth in this document. The Plan permits the grant of
Nonqualified Stock Options, Incentive Stock Options, Stock
Appreciation Rights, Restricted Stock, Performance Shares,
Performance Units, and Cash-Based Awards. Subject to approval by
the Company&#146;s Stockholders, the Plan shall become effective
as of December&nbsp;1, 2002 (the &#147;Effective Date&#148;) and
shall remain in effect as provided in Section&nbsp;1.3 hereof.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">1.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Objectives
of the Plan</I>. The objectives of the Plan are to optimize the
profitability and growth of the Company through annual and
long-term incentives which are consistent with the
Company&#146;s goals and which link the personal interests of
Participants to those of the Company&#146;s Stockholders; to
provide Participants with an incentive for excellence in
individual performance; and to promote teamwork among
Participants. The Plan is further intended to provide
flexibility to the Company in its ability to motivate, attract,
and retain the services of Participants who make significant
contributions to the Company&#146;s success and to allow
Participants to share in the success of the Company.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">1.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Duration of
the Plan</I>. The Plan shall commence on the Effective Date, as
described in Section&nbsp;1.1 hereof, and shall remain in
effect, subject to the right of the Board of Directors to amend
or terminate the Plan at any time pursuant to Article&nbsp;15
hereof, until all Shares subject to it shall have been
distributed according to the Plan&#146;s provisions. However, in
no event may an ISO be granted under the Plan more than ten
years after the Effective Date.
</FONT>

<P align="left">
<B><FONT size="2">Article&nbsp;2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Definitions</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Whenever used in the Plan, the following terms
shall have the meanings set forth below, and when the meaning is
intended, the initial letter of the word shall be capitalized:
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">2.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Affiliate&#148;
shall mean an &#147;affiliate&#148; of the Company, within the
meaning of such term under Rule&nbsp;12b-2 of the General Rules
and Regulations of the Exchange Act.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">2.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Award&#148;
means, individually or collectively, a grant under this Plan of
Nonqualified Stock Options, Incentive Stock Options, Stock
Appreciation Rights, Restricted Stock, Performance Shares,
Performance Units, or a Cash-Based Award.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">2.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Award
Agreement&#148; means an agreement entered into by the Company
and each Participant setting forth the terms and provisions
applicable to an Award granted under this Plan.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">2.4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Beneficial
Owner&#148; or &#147;Beneficial Ownership&#148; shall have the
meaning ascribed to such term in Rule&nbsp;13d-3 of the General
Rules and Regulations under the Exchange Act.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">2.5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Board&#148;
or &#147;Board of Directors&#148; means the Board of Directors
of the Company.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">2.6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Cash-Based
Award&#148; means an Award granted to a Participant, as
described in Article&nbsp;9 herein.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">2.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Change of
Control&#148; means either:
</FONT>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(a)&nbsp;A Person other than the Company or a
    Subsidiary of the Company acquires Beneficial Ownership,
    directly or indirectly, of thirty-percent (30%) or more of
    either (i)&nbsp;the then outstanding shares of Company common
    stock, or (ii)&nbsp;the combined voting power of the
    Company&#146;s then
    </FONT></TD>
</TR>

</TABLE>

<P align="center"><FONT size="2">A-1
</FONT>

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

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">
    <FONT size="2">outstanding securities entitled to vote generally
    in the election of directors (&#147;Voting Securities&#148;),
    provided that the following will not constitute a Change of
    Control under this subsection&nbsp;(a):
    </FONT></TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="6%"></TD>
    <TD width="94%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(i)&nbsp;Any acquisition directly from the
    Company (excluding any acquisition resulting from the exercise
    of a conversion or exchange privilege with respect to
    outstanding convertible or exchangeable securities unless such
    convertible or exchangeable securities were acquired directly
    from the Company);
    </FONT></TD>
</TR>

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

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(ii)&nbsp;Any acquisition by any employee benefit
    plan (or related trust) sponsored or maintained by the Company
    or one or more of its Subsidiaries;
    </FONT></TD>
</TR>

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

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(iii)&nbsp;Any acquisition by any corporation
    with respect to which, immediately following such acquisition,
    more than 60% of, respectively, the then outstanding shares of
    common stock of such corporation and the combined voting power
    of the then outstanding voting securities of such corporation
    entitled to vote generally in the election of directors is then
    Beneficially Owned, directly or indirectly, by all or
    substantially all of the persons who were the Beneficial Owners,
    respectively, of the outstanding Company common stock and Voting
    Securities immediately prior to such acquisition in
    substantially the same proportions as their ownership,
    immediately prior to such acquisition, of the outstanding
    Company common stock and Voting Securities, as the case may be;
    </FONT></TD>
</TR>

</TABLE>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(b)&nbsp;Approval by the stockholders of the
    Company of (i)&nbsp;the complete dissolution or liquidation of
    the Company, or (ii)&nbsp;the sale or other disposition of all
    or substantially all of the assets of the Company (in one or a
    series of transactions), other than to a corporation with
    respect to which, immediately following such sale or other
    disposition, more than 60% of, respectively, the then
    outstanding shares of common stock of such corporation and the
    combined voting power of the then outstanding voting securities
    of such corporation entitled to vote generally in the election
    of directors is then Beneficially Owned, directly or indirectly,
    by all or substantially all of the persons who were the
    Beneficial Owners, respectively, of the outstanding Company
    common stock and Voting Securities immediately prior to such
    sale or other disposition in substantially the same proportions
    as their ownership, immediately prior to such sale or other
    disposition, of the outstanding Company common stock and Voting
    Securities, as the case may be;
    </FONT></TD>
</TR>

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

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(c)&nbsp;The consummation of a reorganization,
    merger or consolidation of the Company (other than a merger or
    consolidation with a subsidiary of the Company) or a statutory
    exchange of outstanding Voting Securities of the Company, unless
    immediately following such reorganization, merger, consolidation
    or exchange, all or substantially all of the persons who were
    the beneficial owners, respectively, of the outstanding Company
    common stock and Voting Securities immediately prior to such
    reorganization, merger, consolidation or exchange Beneficially
    Own, directly or indirectly, more than 60% of, respectively, the
    then outstanding shares of common stock and the combined voting
    power of the then outstanding voting securities entitled to vote
    generally in the election of directors, as the case may be, of
    the corporation resulting from such reorganization, merger,
    consolidation or exchange in substantially the same proportions
    as their ownership, immediately prior to such reorganization,
    merger, consolidation or exchange, of the outstanding Company
    common stock and Voting Securities, as the case may be;
    </FONT></TD>
</TR>

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

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(d)&nbsp;A majority of the members of the Board
    of Directors of the Company are not Continuing Directors, with
    the term &#147;Continuing Directors&#148; meaning (i)&nbsp;the
    members of the Board as of the Effective Date, and (ii)&nbsp;any
    individual who becomes a member of the Board after such date
    whose election, or nomination for election by the shareholders
    of the Company, was approved by the vote of at least two-thirds
    of the then Continuing Directors, but excluding any individual
    whose initial assumption of office as a director of the Company
    occurs as a result of an actual or threatened election contest
    with respect to the election or removal of directors or other
    actual or threatened solicitation of proxies or consents by or
    on behalf of any person other than the Board; or
    </FONT></TD>
</TR>

</TABLE>

<P align="center"><FONT size="2">A-2
</FONT>

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

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(e)&nbsp;Adoption by the Board of a resolution to
    the effect that any Person has acquired effective control of the
    business and affairs of the Company.
    </FONT></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">2.8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Code&#148;
means the Internal Revenue Code of 1986, as amended from time to
time.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">2.9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Committee&#148;
means the Compensation Committee of the Board of Directors,
which shall consist of two or more directors all of whom shall
satisfy the requirements for an &#147;outside director&#148;
under Code Section&nbsp;162(m) and/or a &#147;non-employee
director&#148; within the meaning of Rule&nbsp;16b-3 of the
Exchange Act; provided, however, that as to any
Section&nbsp;162(m) Award, if any member of the Compensation
Committee shall not satisfy such &#147;outside director&#148;
requirements, &#147;Committee&#148; means a subcommittee (of two
or more persons) of the Compensation Committee consisting of all
members thereof who satisfy such &#147;outside director&#148;
requirement. Notwithstanding the foregoing, for purposes of
making and administering all Option grants made by an officer or
officers of the Company pursuant to the delegation provided for
in paragraph 6.1 below, the Committee shall consist of the
officer or officers to whom such delegation has been made,
acting together or individually, unless otherwise specified by
the Board of Directors.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">2.10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Company&#148;
means Archer-Daniels-Midland Company, a Delaware corporation,
and any successor thereto as provided in Article&nbsp;18 herein.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">2.11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Covered
Employee&#148; means a Participant who, in the sole judgement of
the Committee, may be treated as a &#147;covered employee&#148;
under Code Section&nbsp;162(m) at the time income is recognized
by such Participant in connection with an Award that is intended
to qualify for the Performance-Based Exception.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">2.12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Date of
Grant&#148; shall mean the date on which an Award under the Plan
is approved by the Committee or such later effective date for
such Award as the Committee may specify.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">2.13.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Disability&#148;
shall have the meaning ascribed to such term in the
Participant&#146;s governing long-term disability plan or, if no
such plan exists, at the discretion of the Committee.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">2.14.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Effective
Date&#148; shall have the meaning ascribed to such term in
Section&nbsp;1.1 hereof.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">2.15.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Employee&#148;
means any person who is an employee of the Company, any
Affiliate or any Subsidiary; provided, however, that with
respect to ISOs, &#147;Employee&#148; means any person who is
considered an employee of the Company or any Subsidiary for
purposes of Treasury Regulation&nbsp;1.421-7(h).
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">2.16.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Exchange
Act&#148; means the Securities Exchange Act of 1934, as amended
from time to time, or any successor act thereto.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">2.17.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Fair
Market Value&#148; on any date shall be determined on the basis
of the closing sale price on the trading date immediately prior
to such date on the principal securities exchange on which the
Shares are traded or, if there is no such sale on the relevant
date, then on the last previous day on which a sale was reported.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">2.18.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Freestanding
SAR&#148; means a SAR that is granted independently of any
Options, as described in Article&nbsp;7 herein.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">2.19.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Incentive
Stock Option&#148; or &#147;ISO&#148; means an option to
purchase Shares granted under Article&nbsp;6 herein and which is
designated as an Incentive Stock Option and which is intended to
meet the requirements of Code Section&nbsp;422.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">2.20.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Nonqualified
Stock Option&#148; or &#147;NQSO&#148; means an option to
purchase Shares granted under Article&nbsp;6 herein and which is
not intended to meet the requirements of Code Section&nbsp;422.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">2.21.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Option&#148;
means an Incentive Stock Option or a Nonqualified Stock Option,
as described in Article&nbsp;6 herein.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">2.22.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Option
Price&#148; means the price at which a Share may be purchased by
a Participant pursuant to an Option.
</FONT>

<P align="center"><FONT size="2">A-3
</FONT>

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

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">2.23.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Participant&#148;
means an Employee who has been selected to receive an Award or
who has outstanding an Award granted under the Plan.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">2.24.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Performance-Based
Exception&#148; means the performance-based exception from the
tax deductibility limitations of Code Section&nbsp;162(m).
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">2.25.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Performance
Share&#148; means an Award granted to a Participant, as
described in Article&nbsp;9 herein.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">2.26.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Performance
Unit&#148; means an Award granted to a Participant, as described
in Article&nbsp;9 herein.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">2.27.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Period
of Restriction&#148; means the period during which the transfer
of Shares of Restricted Stock is limited in some way and the
Shares are subject to a risk of forfeiture, as provided in
Article&nbsp;8 herein.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">2.28.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Person&#148;
shall have the meaning ascribed to such term in
Section&nbsp;3(a)(9) of the Exchange Act and used in
Sections&nbsp;13(d) and 14(d) thereof, including a
&#147;group&#148; as defined in Section&nbsp;13(d) thereof.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">2.29.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Restricted
Stock&#148; means an Award granted to a Participant pursuant to
Article&nbsp;8 herein.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">2.30.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Retirement&#148;
shall mean &#147;early retirement&#148; or &#147;normal
retirement&#148; within the meaning of such terms under the ADM
Retirement Plan.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">2.31.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Section&nbsp;162(m)
Award&#148; means an Award to a Covered Employee intended to
qualify for the Performance-Based Exception.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">2.32.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Shares&#148;
means the shares of common stock of the Company, without par
value.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">2.33.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Stock
Appreciation Right&#148; or &#147;SAR&#148; means an Award,
granted alone or in connection with a related Option, designated
as a SAR, pursuant to the terms of Article&nbsp;7 herein.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">2.34.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Subsidiary&#148;
means any corporation, partnership, joint venture, or other
entity in which the Company has a majority voting interest;
provided, however, that with respect to ISOs, the term
&#147;Subsidiary&#148; shall include only an entity that
qualifies under Code Section&nbsp;424(f) as a &#147;subsidiary
corporation&#148; with respect to the Company.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">2.35.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Tandem
SAR&#148; means a SAR that is granted in connection with a
related Option pursuant to Article&nbsp;7 herein, the exercise
of which shall require forfeiture of the right to purchase a
Share under the related Option (with a similar cancellation of
the Tandem SAR when a Share is purchased under the Option).
</FONT>

<P align="left">
<B><FONT size="2">Article&nbsp;3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Administration</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">3.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Committee
Members</I>. The Plan shall be administered by the Committee.
The members of the Committee shall be appointed by and serve at
the pleasure of the Board. The Committee shall have such powers
and authority as may be necessary or appropriate for the
Committee to carry out its functions as described in the Plan.
No member of the Committee shall be liable for any action or
determination made in good faith by the Committee with respect
to the Plan or any Award thereunder.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">3.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Discretionary
Authority.</I> Subject to the express limitations of the Plan,
the Committee shall have authority in its discretion to
determine the Employees to whom, and the time or times at which,
Awards may be granted, the number of Shares, units or other
rights subject to each Award, the Option Price or purchase price
of an Award (if any), the time or times at which an Award will
become vested, exercisable or payable, the performance measure,
performance goals and other conditions of an Award, the duration
of the Award, and all other terms of an Award. The Committee
shall also have discretionary authority to interpret the Plan,
to make all factual determinations under the Plan, and to make
all other determinations necessary or advisable for Plan
administration. The Committee may prescribe, amend, and rescind
rules and regulations relating to the Plan. All interpretations,
determinations, and actions by the Committee shall be final,
conclusive, and binding upon all parties.
</FONT>

<P align="center"><FONT size="2">A-4
</FONT>

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

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">3.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Action by
the Committee. </I>A majority of the members of the Committee
shall constitute a quorum for any meeting of the Committee, and
the act of a majority of the members present at any meeting at
which a quorum is present or the act approved in writing by a
majority of all the members of the Committee shall be the act of
the Committee. In the performance of their duties under this
Plan, the Committee members shall be entitled to rely upon
information and advice furnished by the Company&#146;s officers,
employees, accountants or counsel, or any executive compensation
consultant or other professional retained by the Company or the
Committee to assist in the administration of this Plan.
</FONT>

<P align="left">
<B><FONT size="2">Article&nbsp;4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares
Subject to the Plan and Maximum Awards</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">4.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Number of
Shares Available for Grants.</I> Subject to adjustment as
provided in Section&nbsp;4.2 herein, the number of Shares hereby
reserved for issuance to Participants under the Plan shall be
twenty-five million (25,000,000), no more than ten million
(10,000,000) of which may be granted in the form of Restricted
Stock. The Shares to be delivered under the Plan will be made
available from authorized but unissued Shares or issued Shares
that are held in the Company&#146;s treasury. To the extent that
any Award payable in Shares is forfeited, cancelled, returned to
the Company for failure to satisfy vesting requirements or upon
the occurrence of other forfeiture events, or otherwise
terminates without payment being made thereunder, Shares covered
thereby will no longer be charged against the foregoing maximum
Share limitations and may again be made subject to Awards under
the Plan pursuant to such limitations. If a Tandem SAR is
granted, then the Tandem SAR and the related Option shall be
counted as covering only the number of Shares subject to the
related Option for purposes of applying the limitations of this
Section&nbsp;4.1.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Subject to adjustments as provided in
Section&nbsp;4.2 herein, the following rules shall apply to
grants of such Awards under the Plan:
</FONT>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(a)&nbsp;<I>Stock Options:</I> The maximum
    aggregate number of Shares that may be covered by Stock Options,
    pursuant to Awards granted in any one fiscal year to any one
    single Participant, shall be one million (1,000,000).
    </FONT></TD>
</TR>

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

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(b)&nbsp;<I>SARs:</I> The maximum aggregate
    number of Shares that may be covered by Stock Appreciation
    Rights, pursuant to Awards granted in any one fiscal year to any
    one single Participant, shall be one million (1,000,000).
    </FONT></TD>
</TR>

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

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(c)&nbsp;<I>Restricted Stock:</I> The maximum
    aggregate number of Shares that may be covered by Awards of
    Restricted Stock granted in any one fiscal year to any
    Participant shall be Five Hundred Thousand (500,000).
    </FONT></TD>
</TR>

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

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(d)&nbsp;<I>Performance Shares:</I> The maximum
    aggregate number of Shares that may be covered by Awards of
    Performance Shares granted in any one fiscal year to any
    Participant shall be Five Hundred Thousand (500,000).
    </FONT></TD>
</TR>

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

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(e)&nbsp;<I>Performance Units:</I> The maximum
    aggregate payout (determined as of the end of the applicable
    performance period) with respect to Performance Units granted in
    any one fiscal year to any one Participant shall be Two Million
    Dollars ($2,000,000).
    </FONT></TD>
</TR>

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

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(f)&nbsp;<I>Cash-Based Awards:</I> The maximum
    aggregate payout (determined as of the end of the applicable
    performance period) with respect to Cash-Based Awards granted in
    any one fiscal year to any one Participant shall be Two Million
    Dollars ($2,000,000).
    </FONT></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">4.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Adjustments
in Shares.</I> If there shall occur any recapitalization,
reclassification, stock dividend, stock split, reverse stock
split, or other distribution with respect to the Shares, or any
merger, consolidation, reorganization or other change in
corporate structure affecting the Shares, the Committee may, in
the manner and to the extent that it deems appropriate and
equitable to the Participants and consistent with the terms of
this Plan, and subject to Article&nbsp;19 hereof, cause an
adjustment to be made in (i)&nbsp;the maximum number and kind of
securities subject to and available for Awards as provided in
Section&nbsp;4.1 hereof, (ii)&nbsp;the number and kind of
securities, units, cash or other rights subject to then
</FONT>

<P align="center"><FONT size="2">A-5
</FONT>

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

<DIV align="left">
<FONT size="2">outstanding Awards, (iii)&nbsp;the Option Price
or purchase price applicable to then outstanding Awards,
(iv)&nbsp;the performance targets or goals applicable to any
outstanding Awards, or (v)&nbsp;any other terms of an Award that
are affected by the event. Notwithstanding the foregoing, in the
case of ISOs, any such adjustments shall be made in a manner
consistent with the requirements of Code Section&nbsp;424(a)
and, in the case of a Section&nbsp;162(m) Award, in a manner
consistent with the requirements of Code Section&nbsp;162(m).
</FONT>
</DIV>

<P align="left">
<B><FONT size="2">Article&nbsp;5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Eligibility
and Participation</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">5.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Eligibility.</I>
Persons eligible to participate in this Plan include all
Employees.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">5.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Participation.</I>
Subject to the provisions of the Plan, the Committee may, from
time to time, select from all eligible Employees, those to whom
Awards shall be granted and shall determine the nature and
amount of each Award.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">5.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Award
Agreements.</I> Each Award will be evidenced by an Award
Agreement setting forth the terms, conditions and restrictions,
as determined by the Committee, which will apply to such Award,
in addition to the terms and conditions specified in this Plan.
Acceleration of the vesting or exercisability schedule of an
Award and of the expiration of the applicable term of the Award
is permitted upon such terms and conditions as shall be set
forth in the Award Agreement, which may include acceleration
resulting from the occurrence of a Change of Control.
</FONT>

<P align="left">
<B><FONT size="2">Article&nbsp;6. Stock Options</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">6.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Grant of
Options.</I> Subject to the terms and provisions of the Plan,
Options may be granted to Participants in such number, and upon
such terms, and at any time and from time to time as shall be
determined by the Committee and such officer or officers of the
Company who have been delegated the authority to grant and
administer Options by the Board of Directors. Notwithstanding
the foregoing, officers delegated the authority to grant Options
pursuant to this Plan shall not have authority to grant Options
to themselves or to any employee of the Company who is subject
to the requirements of Section&nbsp;16 of the Exchange Act.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">6.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Award
Agreement.</I> Each Option grant shall be evidenced by an Award
Agreement that shall specify the Option Price, the duration of
the Option, the number of Shares to which the Option pertains,
provisions for vesting and exercisability, and such other
provisions as the Committee shall determine. The Award Agreement
also shall specify whether the Option is intended to be an ISO
or a NQSO.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">6.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Option
Price.</I> The Option Price for each grant of an Option under
this Plan shall be at least equal to one hundred percent (100%)
of the Fair Market Value of a Share on the Date of Grant.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">6.4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Duration of
Options.</I> Each Option granted to a Participant shall expire
at such time as the Committee shall determine at the time of
grant; provided, however, that no Option shall be exercisable
later than one day prior to the tenth (10th) anniversary date of
its grant.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">6.5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Exercise of
Options.</I> Options granted under this Article&nbsp;6 shall be
exercisable at such times and be subject to such restrictions
and conditions as the Committee shall in each instance approve,
which need not be the same for each grant or for each
Participant. Notwithstanding the foregoing, the Committee may at
any time, or upon the occurrence of any events specified by the
Committee in an Award Agreement, accelerate a Participant&#146;s
right to exercise an Option.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">6.6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Payment.</I>
Options granted under this Article&nbsp;6 shall be exercised by
the delivery of a written notice of exercise to the Company,
setting forth the number of Shares with respect to which the
Option is to be exercised, accompanied by full payment for the
Shares. The Option Price upon exercise of any Option shall be
payable to the Company in full either: (a)&nbsp;in cash or its
equivalent, or (b)&nbsp;by tendering, either by actual delivery
of Shares or by attestation, previously acquired Shares having
an aggregate Fair Market Value at the time of exercise equal to
the total Option Price (provided that the Shares which are
tendered must have been held by the Participant for at least six
(6)&nbsp;months prior to their tender to satisfy
</FONT>

<P align="center"><FONT size="2">A-6
</FONT>

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

<DIV align="left">
<FONT size="2">the Option Price), or (c)&nbsp;by a combination
of&nbsp;(a) and&nbsp;(b). The Committee also may allow payment
of the Option Price in the form of an authorization to the
Company to withhold from the total number of Shares as to which
the Option is being exercised the number of Shares having a Fair
Market Value on the date of exercise equal to the aggregate
Option Price for the total number of Shares as to which the
Option is being exercised, an irrevocable authorization to a
third party with which the Participant has a brokerage or
similar relationship to sell the Shares (or a sufficient portion
of such Shares) acquired upon the exercise of the Option and
remit to the Company a portion of the sale proceeds sufficient
to pay the entire Option Price to the Company, or by any other
means which the Committee determines to be consistent with the
Plan&#146;s purpose and applicable law. Subject to any governing
rules or regulations, as soon as practicable after receipt of a
written notification of exercise and full payment, the Company
shall deliver to the Participant, in the Participant&#146;s
name, Share certificates in an appropriate amount based upon the
number of Shares purchased under the Option(s).
</FONT>
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">6.7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Additional
Rules for Incentive Stock Options.</I>
</FONT>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(a)&nbsp;No ISO shall be granted to a Participant
    as a result of which the aggregate Fair Market Value (determined
    as of the Date of the Grant) of the stock with respect to which
    ISOs are exercisable for the first time in any calendar year
    under the Plan and any other stock option plans of the Company,
    any Subsidiary, or any parent corporation, would exceed the
    maximum amount permitted under Code Section&nbsp;422(d). This
    limitation shall be applied by taking Options into account in
    the order in which granted.
    </FONT></TD>
</TR>

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

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(b)&nbsp;If Shares acquired by exercise of an ISO
    are disposed of within two years following the Date of Grant or
    one year following the transfer of such Shares to the
    Participant upon exercise, the Participant shall, promptly
    following such disposition, notify the Company in writing of the
    date and terms of such disposition and provide such other
    information regarding the disposition as the Committee may
    reasonably require.
    </FONT></TD>
</TR>

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

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(c)&nbsp;Any ISO granted hereunder shall contain
    such additional terms and conditions, not inconsistent with the
    terms of this Plan, as are deemed necessary or desirable by the
    Committee, which terms, together with the terms of this Plan,
    shall be intended and interpreted to cause such ISO to qualify
    as an &#147;incentive stock option&#148; under Code
    Section&nbsp;422. Such terms shall include, if applicable,
    limitations on ISOs granted to ten-percent owners of the
    Company. An Award Agreement for an ISO may provide that such
    Option shall be treated as a NQSO to the extent that certain
    requirements applicable to &#147;incentive stock options&#148;
    under the Code shall not be satisfied.
    </FONT></TD>
</TR>

</TABLE>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">6.8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Restrictions
on Share Transferability.</I> The Committee may impose such
restrictions on any Shares acquired pursuant to the exercise of
an Option granted under this Article&nbsp;6 as it may deem
advisable, including, without limitation, restrictions under
applicable federal securities laws, under the requirements of
any stock exchange or market upon which such Shares are then
listed and/or traded, and under any blue sky or state securities
laws applicable to such Shares.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">6.9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Termination
of Employment.</I> The Participant shall have the right to
exercise the vested portion of an Option only while such
Participant is an Employee, or within three months after such
Participant ceases to be an Employee; provided, however, that in
the event the employment of the Participant is terminated on
account of the Participant&#146;s death, the Participant&#146;s
personal representatives, heirs or legatees shall have the right
to exercise the vested portion of any Option held by the
Participant at the time of his or her death for one year
following the date of death.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">6.10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Nontransferability
of Options.</I>
</FONT>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(a)&nbsp;<I>Incentive Stock Options.</I> No ISO
    granted under the Plan may be sold, transferred, pledged,
    assigned, or otherwise alienated or hypothecated, other than by
    will or by the laws of descent and distribution. Further, all
    ISOs granted to a Participant under the Plan shall be
    exercisable during his or her lifetime only by such Participant.
    </FONT></TD>
</TR>

</TABLE>

<P align="center"><FONT size="2">A-7
</FONT>

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

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(b)&nbsp;<I>Nonqualified Stock Options.</I>
    Except as otherwise provided in a Participant&#146;s Award
    Agreement in accordance with the terms provided below, no NQSO
    granted under this Article&nbsp;6 may be sold, transferred,
    pledged, assigned, or otherwise alienated or hypothecated, other
    than by will or by the laws of descent and distribution or
    pursuant to a qualified domestic relations order as defined in
    the Code or Title&nbsp;1 of the Employee Retirement Income
    Security Act or the rules thereunder. No NQSOs granted to a
    Participant under this Article&nbsp;6 shall be exercisable
    during his or her lifetime by anyone other than such
    Participant. Notwithstanding the foregoing, an Award Agreement
    for a NQSO may provide that the Participant shall be permitted,
    during his or her lifetime and subject to the prior approval of
    the Committee at the time of proposed transfer, to transfer all
    or part of the Option to a member or members of his or her
    immediate family (as defined in the Award Agreement in a manner
    consistent with the requirements for the Form&nbsp;S-8
    registration statement) or to one or more trusts for the benefit
    of such family members or partnerships in which such family
    members are the only partners. Any such transfer shall be
    subject to the condition that it is made by the Participant for
    estate planning, tax planning, or donative purposes, and no
    consideration (other than interests in family-related entities
    to which the transfer is made) is received by the Participant
    therefore. The transfer of a NQSO may be subject to such other
    terms and conditions as the Committee may in its discretion
    impose from time to time, including a condition that the portion
    of the Option to be transferred be vested and exercisable by the
    Participant at the time of the transfer. Subsequent transfers of
    an Option shall be prohibited other than by will or the laws of
    descent and distribution upon the death of the transferee.
    </FONT></TD>
</TR>

</TABLE>

<P align="left">
<B><FONT size="2">Article&nbsp;7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stock
Appreciation Rights</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">7.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Grant of
SARs.</I> Subject to the terms and conditions of the Plan, SARs
may be granted to Participants at any time and from time to time
as shall be determined by the Committee. The Committee may grant
Freestanding SARs, Tandem SARs, or any combination of these
forms of SAR. The Committee shall have complete discretion in
determining the number of SARs granted to each Participant
(subject to Article&nbsp;4 herein) and, consistent with the
provisions of the Plan, in determining the terms and conditions
pertaining to such SARs. The base price of a Freestanding SAR
shall equal the Fair Market Value of a Share on the Date of
Grant of the SAR. The base price of Tandem SARs shall equal the
Option Price of the related Option.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">7.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Exercise of
Tandem SARs.</I> Tandem SARs may be exercised for all or part of
the Shares subject to the related Option upon the surrender of
the right to exercise the equivalent portion of the related
Option. A Tandem SAR may be exercised only with respect to
Shares for which its related Option is then exercisable.
Notwithstanding any other provision of this Plan to the
contrary, with respect to a Tandem SAR granted in connection
with an ISO: (i)&nbsp;the Tandem SAR will expire no later than
the expiration of the underlying ISO; (ii)&nbsp;the value of the
payout with respect to the Tandem SAR may be for no more than
one hundred percent (100%) of the difference between the Option
Price of the underlying ISO and the Fair Market Value of the
Shares subject to the underlying ISO at the time the Tandem SAR
is exercised; and (iii)&nbsp;the Tandem SAR may be exercised
only when the Fair Market Value of the Shares subject to the ISO
exceeds the Option Price of the ISO.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">7.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Exercise of
Freestanding SARs.</I> Freestanding SARs may be exercised upon
whatever terms and conditions the Committee, in its sole
discretion, imposes upon them.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">7.4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>SAR
Agreement.</I> Each SAR grant shall be evidenced by an Award
Agreement that shall specify the base price, the term of the
SAR, and such other provisions as the Committee shall determine.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">7.5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Term of
SARs.</I> The term of a SAR granted under the Plan shall be
determined by the Committee, in its sole discretion; provided,
however, that such term shall not exceed ten&nbsp;(10) years.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">7.6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Payment of
SAR Amount.</I> Upon exercise of a SAR, a Participant shall be
entitled to receive payment from the Company in an amount
determined by multiplying: (i)&nbsp;the difference between the
Fair Market Value of a Share on the date of exercise over the
base price; by (ii)&nbsp;the number of Shares with respect to
which the SAR is exercised. At the discretion of the Committee,
the payment upon SAR
</FONT>

<P align="center"><FONT size="2">A-8
</FONT>

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

<DIV align="left">
<FONT size="2">exercise may be in cash, in Shares of equivalent
value, or in some combination thereof. The Committee&#146;s
determination regarding the form of SAR pay out shall be set
forth in the Award Agreement pertaining to the grant of the SAR.
</FONT>
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">7.7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Termination
of Employment.</I> The Participant shall have the right to
exercise the vested portion of a SAR only while such Participant
is an Employee, or within three months after such Participant
ceases to be an Employee; provided, however, that in the event
the employment of the Participant is terminated on account of
the Participant&#146;s death, the Participant&#146;s personal
representatives, heirs or legatees shall have the right to
exercise the vested portion of any SAR held by the Participant
at the time of his or her death for one year following the date
of death.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">7.8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Nontransferability
of SARs.</I> Except as otherwise provided in a
Participant&#146;s Award Agreement, no SAR granted under the
Plan may be sold, transferred, pledged, assigned, or otherwise
alienated or hypothecated, other than by will or by the laws of
descent and distribution. Further, except as otherwise provided
in a Participant&#146;s Award Agreement, all SARs granted to a
Participant under the Plan shall be exercisable during his or
her lifetime only by such Participant.
</FONT>

<P align="left">
<B><FONT size="2">Article&nbsp;8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Restricted
Stock</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">8.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Grant of
Restricted Stock.</I> Subject to the terms and provisions of the
Plan, the Committee, at any time and from time to time, may
grant Shares of Restricted Stock to Participants in such amounts
as the Committee shall determine.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">8.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Restricted
Stock Agreement.</I> Each Restricted Stock grant shall be
evidenced by a Restricted Stock Award Agreement that shall
specify the Period(s) of Restriction, the number of Shares of
Restricted Stock granted, and such other provisions as the
Committee shall determine.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">8.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Transferability.</I>
Except as provided in this Article&nbsp;8, the Shares of
Restricted Stock granted herein may not be sold, transferred,
pledged, assigned, or otherwise alienated or hypothecated until
the end of the applicable Period of Restriction established by
the Committee and specified in the Restricted Stock Award
Agreement. The end of such Period of Restriction may be
conditioned upon the satisfaction of such conditions as are
specified by the Committee in its sole discretion and set forth
in the Restricted Stock Award Agreement. All rights with respect
to the Restricted Stock granted to a Participant under the Plan
shall be available during his or her lifetime only to such
Participant.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">8.4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Other
Restrictions.</I> The Committee shall impose such other
conditions and/or restrictions on any Shares of Restricted Stock
granted pursuant to the Plan as it may deem advisable including,
without limitation, a requirement that Participants pay a
stipulated purchase price for each Share of Restricted Stock,
restrictions based upon the continued employment of the
Participant, the achievement of specific performance goals
(Company-wide, divisional, and/or individual), time-based
restrictions on vesting following the attainment of the
performance goals, and/or restrictions under applicable federal
or state securities laws. Until such time as all conditions
and/or restrictions applicable to Shares of Restricted Stock
have been satisfied and the Shares vest at the end of the
applicable Period of Restriction, they shall be evidenced by a
certificate deposited with the Company or its designee, or by a
book-entry notation on the records of the Company&#146;s
transfer agent. Except as otherwise provided in this
Article&nbsp;8, Shares of Restricted Stock covered by a
Restricted Stock grant made under the Plan shall become freely
transferable by the Participant after the last day of the
applicable Period of Restriction.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">8.5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Voting
Rights.</I> Participants holding Shares of Restricted Stock
granted hereunder may be granted the right to exercise full
voting rights with respect to those Shares during the Period of
Restriction.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">8.6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Cash
Dividends.</I> During the Period of Restriction, Participants
holding Shares of Restricted Stock granted hereunder shall be
credited with regular cash dividends paid with respect to the
underlying Shares while they are so held. The Committee may
apply any restrictions on the Participant&#146;s receipt of the
dividends that the Committee deems appropriate. Without limiting
the generality of the preceding sentence, if the grant or
vesting of Shares of Restricted Stock is intended to be a
Section&nbsp;162(m) Award,
</FONT>

<P align="center"><FONT size="2">A-9
</FONT>

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

<DIV align="left">
<FONT size="2">the Committee may apply any restrictions it deems
appropriate to the payment of dividends declared with respect to
such Shares of Restricted Stock, such that the dividends and/or
the Shares of Restricted Stock maintain eligibility for the
Performance-Based Exception.
</FONT>
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">8.7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Termination
of Employment.</I> Each Restricted Stock Award Agreement shall
set forth the extent to which the Participant shall have the
right to receive unvested Shares of Restricted Stock following
termination of the Participant&#146;s employment with the
Company. Such provisions shall be determined in the sole
discretion of the Committee, shall be included in the Award
Agreement entered into with each Participant, need not be
uniform among all Shares of Restricted Stock issued pursuant to
the Plan, and may reflect distinctions based on the reasons for
termination.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">8.8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Section&nbsp;83(b)
Election.</I> If a Participant makes an election pursuant to
Code Section&nbsp;83(b) with respect to a Restricted Stock
Award, the Participant shall be required to promptly file a copy
of such election with the Company.
</FONT>

<P align="left">
<B><FONT size="2">Article&nbsp;9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Performance
Units, Performance Shares, and Cash-Based Awards</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">9.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Grant of
Performance Units/ Shares and Cash-Based Awards.</I> Subject to
the terms of the Plan, Performance Units, Performance Shares,
and/or Cash-Based Awards may be granted to Participants in such
amounts and upon such terms, and at any time and from time to
time, as shall be determined by the Committee.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">9.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Value of
Performance Units/ Shares and Cash-Based Awards.</I> At the time
Performance Units, Performance Shares, and/or Cash-Based Awards
are granted, the Committee shall determine, in its sole
discretion, one or more performance periods (the
&#147;Performance Periods&#148;) and the performance goals to be
achieved during the applicable Performance Periods, as well as
such other restrictions and conditions as the Committee deems
appropriate. Performance goals for Performance Units,
Performance Shares, and/or Cash-Based Awards shall be set using
the performance measures set forth in Section&nbsp;10. In the
case of Performance Units, the Committee shall also determine a
target unit value or a range of unit values for each Award. Each
Performance Share shall have an initial value equal to the Fair
Market Value of a Share on the Date of Grant. Each Cash-Based
Award shall have such value as may be determined by the
Committee.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">9.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Earning of
Performance Units/ Shares and Cash-Based Awards.</I> Subject to
the terms of this Plan, after each applicable Performance Period
has ended, the Committee shall determine the extent to which
performance goals have been attained or a degree of achievement
between minimum and maximum levels with respect to Awards of
Performance Units/ Shares and Cash-Based Awards in order to
establish the level of payment to be made, if any, and shall
certify the results in writing prior to payment of an Award.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">9.4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Form and
Timing of Payment of Performance Units/ Shares and Cash-Based
Awards.</I> Payment of earned Performance Units/ Shares and
Cash-Based Awards shall be made in a single lump sum following
the close of the applicable Performance Period. Subject to the
terms of this Plan, the Committee, in its sole discretion, may
pay earned Performance Units/ Shares and Cash-Based Awards in
the form of cash or in Shares (or in a combination thereof)
which have an aggregate Fair Market Value determined as of the
end of the applicable Performance Period equal to the value of
the earned Performance Units/ Shares and Cash-Based Awards. Such
Shares may be granted subject to any restrictions deemed
appropriate by the Committee. The determination of the Committee
with respect to the form of payout of such Awards shall be set
forth in the Award Agreement pertaining to the grant of the
Award.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">9.5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Compliance
with Code Section&nbsp;162(m).</I> In the case of Performance
Units, Performance Shares, and/or Cash-Based Awards granted to
Covered Employees that are intended to be Section&nbsp;162(m)
Awards, the Committee shall make all determinations necessary to
establish the terms of such Section&nbsp;162(m) Awards within
90&nbsp;days of the beginning of the applicable Performance
Period (or such other time period required under Code
Section&nbsp;162(m)), including, without limitation, the
</FONT>

<P align="center"><FONT size="2">A-10
</FONT>

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

<DIV align="left">
<FONT size="2">designation of the Covered Employees to whom such
Section&nbsp;162(m) Awards are made, the performance measures
applicable to the Awards and the performance goals that relate
to such measures, and the dollar amounts or number of Shares
payable upon achieving the applicable performance goals. As and
to the extent required by Code Section&nbsp;162(m), the
provisions of such Section&nbsp;162(m) Awards must state, in
terms of an objective formula or standard, the method of
computing the amount of compensation payable to the Covered
Employee, and must preclude discretion to increase the amount of
compensation payable under the Award (but may permit
discretionary decreases in the amount of compensation payable.)
</FONT>
</DIV>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">9.6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Termination
of Employment Due to Death, Disability, or Retirement.</I>
Unless determined otherwise by the Committee and set forth in
the Participant&#146;s Award Agreement, and except in the case
of Section&nbsp;162(m) Awards, in the event the employment of a
Participant is terminated by reason of death, Disability, or
Retirement during a Performance Period, the Participant shall
receive a pro-rata payout of the Performance Units/ Shares or
Cash-Based Awards based on the applicable performance goals
which have been achieved for such Awards, if any, as determined
by the Committee. Payment of earned Performance Units/ Shares or
Cash-Based Awards shall be made at a time specified by the
Committee in its sole discretion and set forth in the
Participant&#146;s Award Agreement. With respect to any
Performance Units/ Shares or Cash-Based Awards that were
intended to be Section&nbsp;162(m) Awards, in the event the
employment of a Participant is terminated by reason of death or
Disability, the Committee may waive the requirement under such
Awards held by the Participant that one or more performance
goals be achieved as a condition of any payment under such
Awards; provided, however, that after such waiver any such Award
will no longer qualify for the Performance-Based Exception.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">9.7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Termination
of Employment for Other Reasons.</I> In the event that a
Participant&#146;s employment terminates for any reason other
than those reasons set forth in Section&nbsp;9.6 herein, all
Performance Units/ Shares and Cash-Based Awards shall be
forfeited by the Participant to the Company unless determined
otherwise by the Committee, as set forth in the
Participant&#146;s Award Agreement.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">9.8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Nontransferability</I>.
Except as otherwise provided in a Participant&#146;s Award
Agreement, Performance Units/ Shares and Cash-Based Awards may
not be sold, transferred, pledged, assigned, or otherwise
alienated or hypothecated, other than by will or by the laws of
descent and distribution. Further, except as otherwise provided
in a Participant&#146;s Award Agreement, a Participant&#146;s
rights under the Plan shall be exercisable during the
Participant&#146;s lifetime only by the Participant.
</FONT>

<P align="left">
<B><FONT size="2">Article&nbsp;10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Performance
Measures</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The performance measure(s) that may be used for
purposes of determining the degree of payout and/or vesting with
respect to Section&nbsp;162(m) Awards shall be chosen from among
the following (these performance measures may be applied on an
absolute or comparative basis, and may be applied to the
Company, any Subsidiary or Affiliate, or any division or
business unit thereof):
</FONT>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(a)&nbsp;Earnings per share;
    </FONT></TD>
</TR>

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

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(b)&nbsp;Net income (before or after taxes);
    </FONT></TD>
</TR>

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

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(c)&nbsp;Return on assets or return on equity;
    </FONT></TD>
</TR>

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

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(d)&nbsp;Cash flow return on investments, which
    equals net cash flows divided by owners equity;
    </FONT></TD>
</TR>

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

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(e)&nbsp;Earnings before or after taxes;
    </FONT></TD>
</TR>

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

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(f)&nbsp;Gross revenues; and
    </FONT></TD>
</TR>

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

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(g)&nbsp;Share price (including, but not limited
    to, growth measures and total stockholder return).
    </FONT></TD>
</TR>

</TABLE>

<P align="left">
<FONT size="2">In the case of Awards that are not
Section&nbsp;162(m) Awards, the Committee shall designate
performance measures from among the foregoing or such other
business criteria as it shall determine in its sole discretion.
The Committee shall have the discretion to adjust the
determinations of the degree of attainment of the preestablished
performance goals; provided, however, that in the case of
Section&nbsp;162(m) Awards, no such adjustment may increase the
amount payable under the Award.
</FONT>

<P align="center"><FONT size="2">A-11
</FONT>

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

<P align="left">
<B><FONT size="2">Article&nbsp;11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Forfeiture
Conditions</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The Committee may provide in an Award Agreement
for conditions of forfeiture of a Participant&#146;s rights with
respect to such Award in the event of: (i)&nbsp;the termination
of employment of the Participant for &#147;cause&#148; (as
defined in an Award Agreement), (ii)&nbsp;the Participant&#146;s
breach of such restrictive covenants (e.g., non-competition and
confidentiality restrictions) as may apply to the Participant,
or (iii)&nbsp;the Participant&#146;s having engaged in an
activity that is detrimental to the Company (including, without
limitation, criminal activity or accepting employment with a
competitor of the Company). Such conditions of forfeiture may
include, in the discretion of the Committee, (a)&nbsp;suspension
or cancellation of the Participant&#146;s right to exercise an
Option or SAR (whether or not then otherwise exercisable),
(b)&nbsp;suspension or cancellation of the Participant&#146;s
pending right to receive an issuance of Shares or cash payment
in settlement of any Award, (c)&nbsp;the forfeiture of any
Shares of Restricted Stock held by the Participant or
(d)&nbsp;following the issuance of Shares or payment of cash
upon exercise, vesting or payment of an Award, either
(1)&nbsp;cancellation of the Shares so issued (and repayment to
the Participant of the full purchase price, if any, paid for
such shares) or (2)&nbsp;requiring the Participant to pay to the
Company in cash an amount equal to the gain realized by the
Participant from such Award (measured by the value (on the date
of receipt) of any property and/or amount of cash received by
the Participant under the Award, to the extent in excess of any
amount paid by the Participant). The Company may deduct from any
amounts the Company may owe a Participant from time to time any
amounts the Participant may owe the Company under this
Article&nbsp;11 and any related Award Agreements.
</FONT>

<P align="left">
<B><FONT size="2">Article&nbsp;12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Beneficiary
Designation</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Each Participant under the Plan may, from time to
time, name any beneficiary or beneficiaries (who may be named
contingently or successively) to whom any benefit under the Plan
is to be paid in case of his or her death before he or she
receives any or all of such benefit. Each such designation shall
revoke all prior designations by the same Participant, shall be
in a form prescribed by the Company, and will be effective only
when filed by the Participant in writing with the Company during
the Participant&#146;s lifetime. In the absence of any such
designation, benefits remaining unpaid at the Participant&#146;s
death shall be paid to the Participant&#146;s estate.
</FONT>

<P align="left">
<B><FONT size="2">Article&nbsp;13.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferrals</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">The Committee may permit (upon timely election by
the Participant) or require a Participant to defer such
Participant&#146;s receipt of the payment of cash or the
delivery of Shares that would otherwise be due to such
Participant by virtue of the exercise of an Option or SAR, the
lapse or waiver of restrictions with respect to Restricted
Stock, or the satisfaction of any requirements or goals with
respect to Performance Units/ Shares. If any such deferral
election is required or permitted, the Committee shall, in its
sole discretion, establish rules and procedures for such payment
deferrals.
</FONT>

<P align="left">
<B><FONT size="2">Article&nbsp;14.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rights
of Employees</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">14.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Employment</I>.
Nothing in the Plan shall interfere with or limit in any way the
right of the Company or any affiliate to terminate any
Participant&#146;s employment at any time, nor confer upon any
Participant any right to continue in the employ of the Company
or any Affiliate.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">14.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Participation</I>.
No Employee shall have the right to be selected to receive an
Award under this Plan, or, having been so selected, to be
selected to receive a future Award.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">14.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Shareholders</I>.
A Participant shall have no rights as a shareholder with respect
to any Shares covered by an Award until the date the Participant
becomes the holder of record of the Shares, if any, to which the
Award relates.
</FONT>

<P align="center"><FONT size="2">A-12
</FONT>

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

<P align="left">
<B><FONT size="2">Article&nbsp;15.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amendment,
Modification, and Termination</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">15.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Amendment,
Modification, and Termination</I>. Subject to the terms of the
Plan, the Board may at any time and from time to time, alter,
amend, suspend or terminate the Plan in whole or in part;
provided, however, that no amendment or modification of the Plan
shall be effective without the consent of the Company&#146;s
stockholders that would (i)&nbsp;change the class of persons
eligible to participate under the Plan, (ii)&nbsp;increase the
number of Shares reserved for issuance under the Plan or the
maximum number of shares subject to Awards under Article&nbsp;4,
hereof, or (iii)&nbsp;allow the grant of Options at an exercise
price below Fair Market Value. In addition, the Board may seek
the approval of any amendment or modification by the
Company&#146;s stockholders to the extent it deems necessary or
advisable in its sole discretion for purposes of compliance with
Code Section&nbsp;162(m) or Code Section&nbsp;422, the listing
requirements of the New York Stock Exchange or for any other
purpose. No amendment or modification of the Plan shall
adversely affect any Award theretofore granted without the
consent of the Participant.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">15.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Adjustment
of Awards Upon the Occurrence of Certain Unusual or Nonrecurring
Events</I>. The Committee may make adjustments in the terms and
conditions of, and the criteria included in, Awards in
recognition of unusual or nonrecurring events (including,
without limitation, the events described in Section&nbsp;4.2
hereof) affecting the Company or the financial statements of the
Company or of changes in applicable laws, regulations, or
accounting principles, whenever the Committee determines that
such adjustments are appropriate in order to prevent dilution or
enlargement of the benefits or potential benefits intended to be
made available under the Plan; provided that no such adjustment
shall be authorized to the extent that it would be inconsistent
with a Section&nbsp;162(m) Award&#146;s meeting the requirements
of Code Section&nbsp;162(m).
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">15.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Compliance
with Code Section&nbsp;162(m).</I> The Committee shall have the
discretion to grant Awards under the Plan which are
Section&nbsp;162(m) Awards and Awards which are not
Section&nbsp;162(m) Awards. Section&nbsp;162(m) Awards granted
under the Plan shall comply with the Performance-Based Exception
from the tax deductibility limitations of Code
Section&nbsp;162(m).
</FONT>

<P align="left">
<B><FONT size="2">Article&nbsp;16. Withholding</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">16.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Tax
Withholding.</I> The Company shall have the power and the right
to deduct or withhold, or require a Participant to remit to the
Company, an amount sufficient to satisfy Federal, state, and
local taxes, domestic or foreign, required by law or regulation
to be withheld with respect to any taxable event arising as a
result of this Plan.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">16.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Share
Withholding.</I> With respect to withholding required upon the
exercise of Options or SARs, upon the lapse of restrictions on
Restricted Stock, or upon any other taxable event arising as a
result of Awards granted hereunder, Participants may elect,
subject to the approval of the Committee, to satisfy the
withholding requirement, in whole or in part, by having the
Company withhold Shares having a Fair Market Value on the date
the tax is to be determined equal to the minimum statutory total
tax which could be imposed on the transaction. All such
elections shall be irrevocable, made in writing, signed by the
Participant, and shall be subject to any restrictions or
limitations that the Committee, in its sole discretion, deems
appropriate.
</FONT>

<P align="left">
<B><FONT size="2">Article&nbsp;17. Indemnification</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">Each person who is or shall have been a member of
the Committee, or of the Board, shall be indemnified and held
harmless by the Company against and from any loss, cost,
liability, or expense that may be imposed upon or reasonably
incurred by him or her in connection with or resulting from any
claim, action, suit, or proceeding to which he or she may be a
party or in which he or she may be involved by reason of any
action taken or failure to act under or in connection with the
Plan and against and from any and all amounts paid by him or her
in settlement thereof, with the Company&#146;s approval, or paid
by him or her in satisfaction of any judgement in any such
action, suit, or proceeding against him or her, provided he or
she shall give the Company an opportunity, at its own expense,
to handle and defend the same before he or she undertakes to
handle and defend it on his or her own behalf. The foregoing
right of
</FONT>

<P align="center"><FONT size="2">A-13
</FONT>

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

<DIV align="left">
<FONT size="2">indemnification shall not be exclusive of any
other rights of indemnification to which such persons may be
entitled under the Company&#146;s Articles of Incorporation or
Bylaws, as a matter of law, or otherwise, or any power that the
Company may have to indemnify them or hold them harmless.
</FONT>
</DIV>

<P align="left">
<B><FONT size="2">Article&nbsp;18. Successors</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">All obligations of the Company under the Plan
with respect to Awards granted hereunder shall be binding on any
successor to the Company.
</FONT>

<P align="left">
<B><FONT size="2">Article&nbsp;19. Fundamental Change</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">In the event of a proposed dissolution or
liquidation of the Company, a proposed sale of substantially all
of the assets of the Company, a proposed merger or consolidation
of the Company with or into any other corporation, regardless of
whether the Company is the surviving corporation, or a proposed
statutory share exchange involving capital stock of the Company
(any of the foregoing referred to as a &#147;Fundamental
Change&#148;), the Committee may, but shall not be obligated to
do any of the following:
</FONT>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
    <TD width="3%"></TD>
    <TD width="97%"></TD>
</TR>

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(a)&nbsp;<I>Replacement of Options or SARs.
    </I>If the Fundamental Change is a merger or consolidation or
    statutory share exchange, the Committee may make appropriate
    provision for the protection of the outstanding Options and SARs
    by the substitution of options, stock appreciation rights and
    appropriate voting common stock of the corporation surviving any
    merger or consolidation or, if appropriate, the parent
    corporation of the Company or such surviving corporation, in
    lieu of Options, SARs and capital stock of the Company.
    </FONT></TD>
</TR>

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

<TR valign="top">
    <TD>&nbsp;</TD>
    <TD align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    <FONT size="2">(b)&nbsp;<I>Cancellation of Options or SARs.
    </I>At least 30&nbsp;days prior to the occurrence of the
    Fundamental Change, declare, and provide written notice to each
    holder of an Option or SAR of the declaration, that each
    outstanding Option and SAR, whether or not then exercisable,
    shall be canceled at the time of, or immediately prior to the
    occurrence of the Fundamental Change in exchange for payment to
    each holder of an Option or SAR, within ten days after the
    Fundamental Change, of cash equal to the product of (i)&nbsp;the
    amount, if any, by which the Event Proceeds per Share (as
    defined below) exceeds, in the case of an Option, the exercise
    price per share of such Option or, in the case of an SAR, the
    base price per share as of the date of grant, and (ii)&nbsp;the
    number of Shares subject to such Option or SAR. At the time of
    such a declaration, each SAR and each Option shall immediately
    become exercisable in full and each person holding an Option or
    a SAR shall have the right, during the period preceding the time
    of cancellation of the Option or SAR, to exercise the Option as
    to all or any part of the Shares covered thereby or the SAR in
    whole or in part, as the case may be. If such a declaration
    occurs, each outstanding Option and SAR that has not been
    exercised prior to the Fundamental Change shall be canceled at
    the time of, or immediately prior to, the Fundamental Change. No
    person holding an Option or a SAR shall be entitled to any
    payment under this Article&nbsp;19 if the scheduled term of such
    Option or SAR expires before the Fundamental Change. For
    purposes of this Article&nbsp;19, &#147;Event Proceeds per
    Share&#148; shall mean the cash plus the fair market value, as
    determined in good faith by the Committee, of the non-cash
    consideration to be received for each Share by the shareholders
    of the Company upon the occurrence of the Fundamental Change.
    </FONT></TD>
</TR>

</TABLE>

<P align="left">
<B><FONT size="2">Article&nbsp;20. Legal Construction</FONT></B>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">20.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Severability.</I>
In the event any provision of the Plan shall be held illegal or
invalid for any reason, the illegality or invalidity shall not
affect the remaining parts of the Plan, and the Plan shall be
construed and enforced as if the illegal or invalid provision
had not been included.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">20.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Requirements
of Law.</I> The granting of Awards and the issuance of Shares
under the Plan shall be subject to all applicable laws, rules,
and regulations, and to such approvals by any governmental
agencies or national securities exchanges as may be required.
</FONT>

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

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

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">20.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Securities
Law Compliance.</I> With respect to Participants subject to
Section&nbsp;16 of the Exchange Act, transactions under this
Plan are intended to comply with all applicable conditions of
Rule&nbsp;16b-3 or its successors under the Exchange Act. If any
provision of this Plan or of any Award Agreement would otherwise
frustrate or conflict with the intent expressed in the preceding
sentence, that provision to the extent possible shall be
interpreted and deemed amended in the manner determined by the
Committee so as to avoid the conflict. To the extent of any
remaining irreconcilable conflict with this intent, the
provision shall be deemed void as applicable to Participants who
are then subject to Section&nbsp;16 of the Exchange Act. In
addition, no Shares will be issued or transferred pursuant to an
Award unless and until all then applicable requirements imposed
by federal and state securities and other laws, rules and
regulations and by any regulatory agencies having jurisdiction,
and by any stock exchanges upon which the Shares may be listed,
have been fully met. As a condition precedent to the issuance of
Shares pursuant to the grant or exercise of an Award, the
Company may require the Participant to take any reasonable
action to meet such requirements. The Committee may impose such
conditions on any Shares issuable under the Plan as it may deem
advisable, including, without limitation, restrictions under the
Securities Act of 1933, as amended, under the requirements of
any stock exchange upon which such Shares of the same class are
then listed, and under any blue sky or other securities laws
applicable to such Shares.
</FONT>

<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<FONT size="2">20.4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Governing
Law.</I> To the extent not preempted by federal law, the Plan,
and all agreements hereunder, shall be construed in accordance
with and governed by the laws of the state of Illinois.
</FONT>

<P align="center"><FONT size="2">A-15
</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<P align="center"><FONT size="2">ANNUAL MEETING OF STOCKHOLDERS</FONT>




<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;YOU ARE URGED TO ATTEND THE ANNUAL MEETING OF STOCKHOLDERS. THE MEETING
WILL BE HELD AT 11:00&nbsp;A.M. ON THURSDAY, NOVEMBER 7, 2002, AT THE JAMES R.
RANDALL RESEARCH CENTER, 1001 BRUSH COLLEGE ROAD, DECATUR, ILLINOIS.

</FONT>


<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ADMITTANCE TO THE ANNUAL MEETING WILL BE LIMITED TO STOCKHOLDERS. IF YOU
ARE A STOCKHOLDER OF RECORD AND PLAN TO ATTEND, PLEASE DETACH THE ADMISSION
TICKET FROM THE TOP OF YOUR PROXY CARD AND BRING IT WITH YOU TO THE ANNUAL
MEETING. THE NUMBER OF PEOPLE ADMITTED WILL BE DETERMINED BY HOW THE SHARES
ARE REGISTERED, AS INDICATED ON THE ADMISSION TICKET. IF YOU ARE A STOCKHOLDER
WHOSE SHARES ARE HELD BY A BROKER, BANK OR OTHER NOMINEE, PLEASE REQUEST AN
ADMISSION TICKET BY WRITING TO: ARCHER-DANIELS-MIDLAND COMPANY, SHAREHOLDER
RELATIONS, 4666 FARIES PARKWAY, DECATUR, IL 62526-5666. EVIDENCE OF YOUR STOCK
OWNERSHIP, WHICH YOU CAN OBTAIN FROM YOUR BROKER, BANK OR NOMINEE, MUST
ACCOMPANY YOUR LETTER. STOCKHOLDERS WHO ARE NOT PRE-REGISTERED WILL ONLY BE
ADMITTED TO THE MEETING UPON VERIFICATION OF STOCK OWNERSHIP. THE NUMBER OF
TICKETS SENT WILL BE DETERMINED BY THE MANNER IN WHICH SHARES ARE REGISTERED.
IF YOUR REQUEST IS RECEIVED BY NOVEMBER 1, 2002, AN ADMISSION TICKET WILL BE
MAILED TO YOU. ALL OTHER ADMISSION TICKETS CAN BE OBTAINED AT THE REGISTRATION
TABLE LOCATED AT THE JAMES R. RANDALL RESEARCH CENTER LOBBY BEGINNING AT 9:30
A.M. ON THE DAY OF THE ANNUAL MEETING.

</FONT>


<P align="center"><FONT size="2">&nbsp;</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<P><FONT size="2">LOGO

</FONT>


<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="85%">
<TR valign="bottom">
        <TD width="22%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="73%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2"><B>Annual Meeting of Stockholders</B></FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
<B>2002 ANNUAL MEETING</B></FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2">Thursday, November&nbsp;7, 2002</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
<B>ADMISSION TICKET</B></FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2">11:00&nbsp;a.m. local time</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top" nowrap><FONT size="2">James R. Randall Research Center</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2">1001 Brush College Road</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
        <TD valign="top"><FONT size="2">Decatur, IL 62526</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P><FONT size="2">Please present this ticket for admittance of the stockholder(s) named above.
Admittance will be based upon availability of seating.

</FONT>


<P align="left"><FONT size="2"><B>Instructions for Voting Your Proxy</B>
</FONT>

<P><FONT size="2">This proxy covers all Archer-Daniels-Midland Company shares you own in any of
the following ways (provided the registrations are identical):

</FONT>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
        <TD width="1%" align="left" nowrap><FONT size="2">&#149;</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="96%"><FONT size="2">Shares held of record</FONT></TD>
</TR>
<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
        <TD width="1%" align="left" nowrap><FONT size="2">&#149;</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="96%"><FONT size="2">ADM 401(k) Plan for Hourly Employees</FONT></TD>
</TR>
<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
        <TD width="1%" align="left" nowrap><FONT size="2">&#149;</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="96%"><FONT size="2">ADM Employee Stock Ownership Plan for Salaried Employees</FONT></TD>
</TR>
<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
        <TD width="1%" align="left" nowrap><FONT size="2">&#149;</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="96%"><FONT size="2">ADM Stock Purchase Plan for Salaried Employees-Canada</FONT></TD>
</TR>
<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
        <TD width="1%" align="left" nowrap><FONT size="2">&#149;</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="96%"><FONT size="2">ADM Employee Stock Ownership Plan for Hourly Employees</FONT></TD>
</TR>
<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
        <TD width="1%" align="left" nowrap><FONT size="2">&#149;</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="96%"><FONT size="2">ADM Stock Purchase Plan for Hourly Employees-Canada</FONT></TD>
</TR>
<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
        <TD width="1%" align="left" nowrap><FONT size="2">&#149;</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="96%"><FONT size="2">ADM 401(k) Plan for Salaried Employees</FONT></TD>
</TR>
<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
        <TD width="1%" align="left" nowrap><FONT size="2">&#149;</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="96%"><FONT size="2">ADM Stock Purchase Plan</FONT></TD>
</TR>
</TABLE>
<P><FONT size="2">We are now offering stockholders three alternative ways of voting this proxy:

</FONT>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
        <TD width="1%" align="left" nowrap><FONT size="2">&#149;</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="96%"><FONT size="2"><B>By Telephone </B>(using a touch tone telephone)</FONT></TD>
</TR>
<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
        <TD width="1%" align="left" nowrap><FONT size="2">&#149;</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="96%"><FONT size="2"><B>Through the Internet </B>(using a browser)</FONT></TD>
</TR>
<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
        <TD width="1%" align="left" nowrap><FONT size="2">&#149;</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="96%"><FONT size="2"><B>By Mail </B>(traditional method)</FONT></TD>
</TR>
</TABLE>
<P><FONT size="2">Your telephone or Internet vote authorizes the named proxies to vote your
shares in the same manner as if you had returned your proxy card. We encourage
you to use these cost effective and convenient ways of voting, 24 hours a day,
7&nbsp;days a week.

</FONT>


<P><FONT size="2"><B>TELEPHONE VOTING </B>Available only until 5:00
p.m. Eastern time on November&nbsp;6, 2002

</FONT>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
        <TD width="1%" align="left" nowrap><FONT size="2">&#149;</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="96%"><FONT size="2">This method of voting is available for residents of the U.S. and Canada</FONT></TD>
</TR>
<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
        <TD width="1%" align="left" nowrap><FONT size="2">&#149;</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="96%"><FONT size="2">On a touch tone telephone, call TOLL FREE 1-800-850-5909, 24 hours a day, 7&nbsp;days a week</FONT></TD>
</TR>
<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
        <TD width="1%" align="left" nowrap><FONT size="2">&#149;</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="96%"><FONT size="2">You will be asked to enter <B>ONLY </B>the CONTROL NUMBER shown below</FONT></TD>
</TR>
<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
        <TD width="1%" align="left" nowrap><FONT size="2">&#149;</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="96%"><FONT size="2">Have your proxy card ready, then follow the prerecorded instructions</FONT></TD>
</TR>
<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
        <TD width="1%" align="left" nowrap><FONT size="2">&#149;</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="96%"><FONT size="2">Your vote will be confirmed and cast as you directed</FONT></TD>
</TR>
</TABLE>
<P><FONT size="2"><B>INTERNET VOTING </B>Available only until 5:00
p.m. Eastern time on November&nbsp;6, 2002

</FONT>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
        <TD width="1%" align="left" nowrap><FONT size="2">&#149;</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="96%"><FONT size="2">Visit the Internet voting website at http://proxy.georgeson.com</FONT></TD>
</TR>
<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
        <TD width="1%" align="left" nowrap><FONT size="2">&#149;</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="96%"><FONT size="2">Enter the COMPANY NUMBER and CONTROL NUMBER shown below and follow the instructions on your screen</FONT></TD>
</TR>
<TR>
        <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
        <TD width="1%" align="left" nowrap><FONT size="2">&#149;</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="96%"><FONT size="2">You will incur only your usual Internet charges</FONT></TD>
</TR>
</TABLE>
<P><FONT size="2"><B>VOTING BY MAIL</B>&#149; Simply mark, sign and date your proxy card and return it in the
postage-paid envelope

</FONT>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
        <TD width="1%" align="left" nowrap><FONT size="2">&#149;</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="96%"><FONT size="2">If you are voting by telephone or the Internet, please do not mail your proxy
card</FONT></TD>
</TR>
</TABLE>
<P><FONT size="2">COMPANY NUMBER

</FONT>


<P><FONT size="2">CONTROL NUMBER

</FONT>


<P><FONT size="2">TO VOTE BY MAIL, PLEASE DETACH PROXY CARD HERE

</FONT>


<P align="center"><FONT size="2">&nbsp;</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<P><FONT size="2"><B>Please mark<BR>
votes as in<BR>
this example.</B></FONT>




<P><FONT size="2"><B>This proxy, when properly executed, will be voted in the manner directed below.
If no direction is made, this proxy will be voted &#147;FOR&#148; Items 1, 2 and 3 and
&#147;AGAINST&#148; Items 4 and 5.</B>

</FONT>


<P><FONT size="2"><B>Archer-Daniels-Midland Company&#146;s Board of Directors recommends a vote &#147;FOR&#148;
Items 1, 2 and 3.</B>

</FONT>


<P><FONT size="2">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Election of Directors

</FONT>


<P><FONT size="2">G. A. Andreas, S. A. McMurtrie, M. H. Carter, H. de Boon, R. S. Joslin,
D. J. Mimran, M. B. Mulroney, J. K. Vanier, O. G. Webb and A. Young

</FONT>


<P><FONT size="2">FOR<BR>
all nominees<BR>
listed (except<BR>
as indicated)</FONT>




<P><FONT size="2">WITHHOLD<BR>
AUTHORITY<BR>
to vote all<BR>
nominees listed</FONT>




<P><FONT size="2"><B>(Instruction: To withhold authority to vote for any individual
nominee strike a line through the nominee&#146;s name in the list above.)</B>

</FONT>


<P><FONT size="2">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ratify the appointment of Ernst &#038; Young LLP as independent accountants for
the fiscal year ending June&nbsp;30, 2003.

</FONT>


<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
        <TD width="5%">&nbsp;</TD>
        <TD width="2%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="2%">&nbsp;</TD>
        <TD width="95%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">FOR</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
AGAINST
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">ABSTAIN</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P><FONT size="2">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adopt
Archer-Daniels-Midland Company 2002 Incentive Compensation Plan

</FONT>


<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
        <TD width="5%">&nbsp;</TD>
        <TD width="2%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="2%">&nbsp;</TD>
        <TD width="95%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">FOR</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
AGAINST
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">ABSTAIN</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P><FONT size="2"><B>Archer-Daniels-Midland Company&#146;s Board of Directors recommends a vote &#147;AGAINST&#148;
Items 4 and 5.</B>

</FONT>


<P><FONT size="2">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adopt Stockholder&#146;s Proposal No.&nbsp;1 (Cumulative Voting)

</FONT>


<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
        <TD width="5%">&nbsp;</TD>
        <TD width="2%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="2%">&nbsp;</TD>
        <TD width="95%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">FOR</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
AGAINST
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">ABSTAIN</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P><FONT size="2">5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adopt Stockholder&#146;s Proposal No.&nbsp;2

</FONT>


<P align="center"><FONT size="2">&nbsp;</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<P><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Non-Audit Services of Independent Auditor)

</FONT>


<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
        <TD width="5%">&nbsp;</TD>
        <TD width="2%">&nbsp;</TD>
        <TD width="5%">&nbsp;</TD>
        <TD width="2%">&nbsp;</TD>
        <TD width="95%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD valign="top"><FONT size="2">FOR</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">
AGAINST
</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top"><FONT size="2">ABSTAIN</FONT></TD>
</TR>
</TABLE>
</CENTER>

<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
        <TD width="1%">&nbsp;</TD>
        <TD width="3%">&nbsp;</TD>
        <TD width="96%">&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD><FONT size="2">6.</FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD><FONT size="2">In their discretion, upon any other
business that may properly come before the meeting.</FONT></TD>
</TR>
</TABLE>


<P><FONT size="2">DATE: <u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> , 2002

</FONT>


<P><FONT size="2">Signature(s)

</FONT>


<P><FONT size="2">IMPORTANT: Please sign exactly as your name(s) appear(s) below. When shares are
held by joint tenants, both should sign. When signing as attorney, executor,
administrator, trustee or guardian, please give full title as such. If a
corporation, please sign in full corporate name by President or other
authorized officer. If a partnership, please sign in partnership name by
authorized person.

</FONT>


<P><FONT size="2">PLEASE DETACH PROXY CARD HERE

</FONT>


<P><FONT size="2"><B>P<BR>
R<BR>
O<BR>
X<BR>
Y</B></FONT>




<P><FONT size="2"><B>ARCHER-DANIELS-MIDLAND COMPANY</B>

</FONT>


<P><FONT size="2"><B>This Proxy is Solicited on Behalf of the Board of Directors
for the Annual Meeting of Stockholders on November&nbsp;7, 2002</B>

</FONT>


<P><FONT size="2">This proxy when properly executed will be voted in the manner directed herein
by the
undersigned Stockholder. If no direction is made, this Proxy will be voted
&#147;FOR&#148; Items 1, 2 and 3 and &#147;AGAINST&#148; Items 4 and 5. The undersigned hereby
appoints G. A. Andreas,
M. H. Carter, and O. G. Webb as Proxies, with the power of substitution, to
represent and to vote, as designated below, all the shares of the undersigned
held of record on September&nbsp;6, 2002, at the Annual Meeting of Stockholders to
be held on November&nbsp;7, 2002 and any adjournments thereof.

</FONT>


<P><FONT size="2"><B>THE BOARD OF DIRECTORS RECOMMENDS A VOTE &#147;FOR&#148; ITEMS 1, 2 and 3
AND &#147;AGAINST&#148; ITEMS 4 and 5.</B>

</FONT>


<P><FONT size="2"><B>(Important &#151; To be signed and dated on reverse side)</B>

</FONT>




<P align="center"><FONT size="2">&nbsp;</FONT>

</BODY>
</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>c71484dc7148401.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 c71484dc7148401.gif
M1TE&.#EA7@(/`:+_`/___P```#\_/U5557]_?____P```````"'Y!`$```4`
M+`````!>`@\!0`/_6+K<_C#*2:N]..O-N_]@*(YD:9YHJJYEP!!![`X#X[)X
MKN]\[__`H'!(U-2*R*1R>8(%!,RH='><4JW8K'9!H!$6LC"WNNO&QMMTEFRB
MN6FI6X$`!1?J<_9"K^[["V%A>']$`X)\A(D9B"(Q9$Y?2XR*E"61=P$#EY6<
M&F9/>YU;DZ-R7)D*`I&J$*2BE7`*7J^T2(:!H)B.F[5M<:@-CB5\!)==DZZ]
M0G0!D<7*T-$5G\)`N,TXR=*AVRJWN+S=XN,JQP,"`IF7FEC:'=4JI@RJL0KR
MW.02,0)\ZMF&#F2XRT>011=>Y]@%N98K6\%6KRX)^_80!,.!%7G<&N0D_U#&
M$1@UP+,2,@><=,`^;J/!KX&A>G\$JH2UXJ().5WFY5PPB$%)(PRON9E)%(?-
MHDCQ_9)!<MPQE$)A)IU*5=S/"BB#-41!A\:-KN<B7"WZS6.#IT'Y*:S*MNV)
ML12"AAN&L@K*N;+<OG*3=M8>AGH#AR@KA@7<"2-')CDLV"KAEHT]=(&ZCS+3
MR`\84W"#=YBF6##OY<5,VM-CS4HFXY):VC"5RY):R]9!;=]AKX%8S]:"FN;N
MWT..`E?6NTC"<VK)F'J3?!WG/<]E12_PQKE?ZM.K0[^N73KW[."_BU_;'?MX
MZ^3#IS^_O8HY]V_&#%7P7GZ]^O3CYY^?AS_^_O_WZ0<@?/X)^-^!!B98X((!
M,DA@/>5%J!YZ%+97H7?K97BA>>GUE%%QPX4HXE0@$L%,2G>)->**+`Y7HA#'
MS0*6ATJU:..-@;WXAXXX]N@C)3PF@8=NU&D439!#()GDD=(H6>./4$8IY90+
M8;<)%!`JUYEQGY'!CBDNT"$+C4IX`5.7T`%B0SMH[G',FLLYR8&97GX1IQUK
MM"G+FW8H1^6?@`8J*`AR#FKHH</,5"B.@&V0I9IX@H7-HS'6\"@8;M0!)G;T
MH7)#)L^!>I):/86)S:?V9#HF9YO&`H.EI/(BZ2IJ8:,F#'9RBJ<]NKZ:IEN+
M2A%L9&]$]]X;APA8+&O_8LY1JJZ_-KLJ.UVQ4NV6B"(U+!/;9NOMMYLI"BX'
M)\:`K027Z@K9K@&](&HS];1T0UAWD*J**2U)58\\\M`[QZ>7R)MFNN-ZT"T)
M\M3%D[D%-^QPB&#6^L6,*CYL\<6)$G4PQCNR=(8LR08E&L<K;#P80/3UM).S
M$)$,Q"V(6):2J.<"^9<_+D_`XTB0<)OS";89>HX@X.Z\VA0F`[<R.DD'NE9N
M+L;S1"0PW\1%'7"$YE.F$UKH-88;2L@>V%]S&';79*=M]M<OZ2>VAF4KV.#<
M#]9MG]W[T7WWWGGC/2#??_<-.((.#BYWW1W)I/;;9X^]]N)H/RXY2RJ@5"O#
M_SZ[R/`M-?_<UB?N?7"BNT>[)C62;/"Y'[J!=;06=4'=/++G4YES%I%Q[5)F
M32G%<;4#K-R!5],\..)5YWXXH<<3[IP8_,6$C63(\VE$_W'));^.=!]+/Z]]
MB+9?((.LR%>D\+=!*M;"]7>D.20B2EJ?R:>8T^[#,Z3/[@#,R,-FOQ%D20-:
M+H*[_WEC.@;T1CDF4K_8"&:`(F-?`B<(DEHPS1"J@Q2&FA.WR#&N@X[[(.1"
MZ,$2AE!FN$@."?4FN!8&[H6$8R$,#V>XPKDPAG[#80UEJ,,1PLV'C?OAY$PH
M1,K]0H4-7`P%42"_H#G,>D98UK)0&,$J!H4YC<*>QO^6F(7:,.]S0\M-^49D
MM$%<!P4X@8(<B$0\+J[`B^LJA,P*2+(@42..#G2C7KRXFC9ZRX\D8!JOI-,R
M/1KR4(`,0B(/R<A\+/('CVRD))L$#8!H+3.3S&24(MD#3FKRDYSPY!5`24H6
MB1($*VM?*5?)2B8I`W^O'"/W9"E`6M9R@O%2G1SD@$<II%&#H*F!K>[@R5_N
M$D_!S((Q=Y6U*NBO",LDY""GB85H`A-6K<RF-J%7L,19\9L,F8L+CMDG/5"*
M#03;%(<PQ"E4!2,8B/"'&0;9*G3.)S[-_!6TV-5.:EG2F>M<9S#IJ))3FHZ"
MTMKFC0RJQ?]Y4P9DTMF:\)3_CDT0=)QV(*="UR"N<76D)U"A6J,^ZBYQZK.=
M[9+F-+.6BT>9:A.8&^:\[,G/?N$!!O8(F#!_M4:&8L:G*0#J1H?Z,J(:]:BO
M\%]/5;E/I#KUD$L%0RK))-2G6I4$567B5<614*MF]2U;)8XF$A?1H7[5%V%-
M3>D`D9P)/-1_@!"(+9=X5G:]"H/.,B(FPTK05O#E>F4YXQH"03U#UG6EMFHK
MNYA#Q"`Z%H1%;"QD'PO$R5K6AX.C(JCF,$,;=I:'-+QA:#]KES`<H8>DW6$.
ME279RKIVB"N,['?*:A'F>:QWC7B!Y18VS/TIM#:R(^QP)N,,?LSU1T9C@_H*
M\<ER_SWS6ZX[K"*2>[-%2C<IA)&D<_'XDA!==S`_V^YQ&1F][Q:U9!`=;P02
M]J9+^K9@8=1=6B_P"6.T14?I4%D2+9*9(T3UO4X[Q'QS<)!.?4^1@E4@$R5X
MBRB8=PB=H<R!!\PMN68CBPK.WH1M,1S+])+"HO#FA,W@H0-_@[98#6!CG,?;
MM8(XQ`G97PV\R-'3>>-ZTA*82EU"HL+D1S3>1#'L)&BE%_\#(<8U`34@``,A
M5]#&-6E`17<\L@=;P+E:P>T4SL<%]1JP7#0JL$]P)H4@FX1W+E8B<2CC`#'G
M(X/VD""&'28<V5BY`V?EHY,;([-2$;E%5;L`?WZ3/BT[>/\-$H8KQP(MGWPH
MCIM0CH>4ZY>B0IZY%0+><'.UMQ$E/-J-A4;2?P'A7AX;AB&%-;+XV`?%4_R9
ME=(U!<7RZB\`5V[._='LH%4-,EQ<54GC:THG(-C'._.:-$%J\'(Y3!1BYT9?
MN#[V'Z5V#6$1&IQJ\;*T9_.B8\@JP0B#SLJZ^B1`.3M9VM[V0QZLM9O";X+G
MABBXU6V52`_YT`K]:Q7IG8'W4-$A1\S4JYG[5/GEP3*:GE)\P4E`*0KH-=4^
M*-!ZM^PE\?L%"R>SG<NKAV/U%5@6K$-+@I?JT5P<`QE/>"6C]V&GW=BV^T#O
MU4K-V-A2%K:RS?G-18CSG;>VY^W_4:W01>M9U0A"L:DE.FB+?EO"*@2U4!_M
M?WA.]9]7W>8=W#,'YH@#;S>Z8B?7",+3+0&CRYOLZ$N!$VZ:7WR'O4QCOXC9
M;8/VGQG;46_?0IV/>G=8PMG4>0_\>2,R`TOY::^"3[R1Q)J*50Q/\9#7P=T!
M&/G*9[B@EL\\6+>H^<Z+@-U5.,E)?>+YTG_`RK[*SSPL;?K6"UK%KH]]!2:_
M"-G;7J*<O[WN`2^-2B/^TL1Q926%'WS)K^3PM@9X\9?/_%K0OE"T3YE>=T_]
MZEO?]+CZ5YJP0>Z6(P$=J0`HO:Q5!W(S`?S$S.C$L";RNI\`_>MR`<G7GS(L
MP!^@S9(6_\JR<'\[S)\Z(J=U@8(B7X`'3),.SN1^P_!+.W%79T`OV8<T#'@$
M!X@*#OA<23*!^X11HU<F&JA!T(*!A:"![M5=BP8:MV-1`B0C"&%/"M@$+(AQ
M+;B"U+()<#9O2^!UL"0="$&#$V.#6?)PUS>$ZN9Q#G>$2)B$2KB$3-B$3OB$
M4!B%4CB%5%B%5GB%6)B%6KB%7-B%7OB":A!]XA!M]"53F5)^H#(IH0<K^)0<
MO24J@X!^L$,U.T5JH>(2I!(,!NA.<+ACJ3`DMI(UL7(6:4@KQV,/>PB`+$&!
M@$B'Z0>`]]51!D2&6,$/Z`>'6.(ET))//N&&,+4F#O@%@@@'[O\T40\01QC%
M@:6H)C`1BIQR')NXAJ37+SN5BHI(+87XBFK1@20BB41H>V(8+@@5<[^8",&(
M>^,B1<XP15$1A$+X+TGF$KTE30DU-*QP3!I%A,?(.D:U6[JE#L-$),Q06GLH
M@*VWC6#W/S)S7'^7!_TE6.719N2!!F*Q%L<"(.%0+%^W->AQ.^CH2+Y(.]9S
M%:"#AU#`"^\"3U[!*3JF%:BH?0,EBJ85BS8@$[0H%1PX2`5I6`&Y4;NV)^Y8
M;B97)/3('6.P@PKA*@,R8P@TDOLH;D&W-?](#C-9C#9YDSB9DSI9>?LG/(WG
MDT"YDT+I2SKA+!DD@D.9E,5C`X:(?!S_HD)>&)52.9546956>958F95:N95<
M.46<L$8WE9%LI)26)UVITXH%5)-D"2AJF7QKJ0%3ME5MR7MOF0$A)9>P5Y=,
MAG`HI'*PEI<Z>1T1%Y(M=G0&Z)>9-)>D1WWF`!ME$8U<D5VM9)8RAG'(4'H/
MY4PM*21.-$EUU6!2-2;7Q'I/-7`R*1&^1A]@2`65MH-T]970H3"EMIA795I0
M(3O9]A%CATNP*9J8XI2TB5368XXJL3+3HYB$8#1IEENAF7[_]WO;1`>`>`VK
MN0VU@9S58V]9D3G9)&'5R1:!]9VE05T5F4C8Z4@X5C0(Z":(9&]Q99Z:)&`D
M`T=L:6^@F4=<_S0Z>@1+G0D\(J*<PN5V$V1:XHDH\95EW@68+A-&3@4.P!%K
MIUA:TQB<'#.1I>F@>5"@>T$)<'57J<"+)-DPU*"A"207>1`()&J,"Y1"0-.)
MKPB<(GDHEI.BI;0.\H5=0=5`VQENO18&4T6:?Q)?YRDHU#"D.J(^%<<!HN$J
M>0BD4L)HUA>>RQ"@$K<^RV-H%N<CUSF49A!Z&CJ<RJ=DB;$5:C8<9/H7WI>4
M7I1LE)AB+Y=>UF:F0J&7](6:B-EF<"4SP(=YNY%QQ$FGM^-CTFB:!->1.8*:
M@PFHA"(4-(IW!]2HE.<6M;$N5+2,BKH9BB:/#7&GB_<+HC8/EO@53?\*G46A
M.D0B'.,8$&E:C)T&$E`#`7^*9[S#(PNI4F;R.Z1:$<[U.L'VCN7#&IEZCDG*
M%:@Y<OL55+/*`O?09!LHDS'B<UCW6E=71$PCBL=`9M,*K>G1J\LBBD0T=$D7
MKE''=.2Z=.:Z6N6*KN>J"[DIK587'NBP&MIZ-K%J`<,:`O@"4O3HEMOPJO/`
MJ4D"C\&:22Q:D5A:31C:4&ATL".P1J_J>_P:$=/#!:EPK[1`$2[1<0G[,'W9
M"5=4I3<QI]Q)"X3%L!J3#EF&HM`58\'U::UQGF:YHS(H&W/V15K*LB_9*3[Z
MH`JJ!K8YL+)!&30"K,>J%UYQED/J`Z'&&]7_`U&$:J`!8;''-XWM*#3)6F-6
M(&\@R45<MA<]F1^0^K)7VPZI$5*]NDI0BC0HF[%A^Y]CNV!%Z9//&;$+F*A0
M`;"P1HP4RD1KNS6-M+111F6S&:-8)3(_6(0RRX.3MK-C0&0?!VIHYJ\->U*;
MM5A<$ZU`UT06YJZ8FZV7!72<JW,Q*:Y25[KIJEK'HV]4.J[KJG3J^KJ`X[FA
M.Z^?6W7UF@3JA%)^2+BN2IU-5VQYMW=&19F66;SI&%0.ARWQ9CQ)2QJ6T;:0
M9JA;L+RB<JE!>FI2.WBU0+T?:;T\NZ*<LST/P;UT9'#>6Q&%!@6)NSM50;[_
M=K[K]G)@<*;,5AKD_XNW\*NB"R:\2H:6E]FGX?2[3H>_^2N@5KJX@:N[3<6[
MK>-P%$"][5K`9$L+U5)XIDB7V0+!."C!HQ1B83FX+LDQ&DS`'(QRU"8(JQF!
MX#>W&`QO`HQNZ-*FD6>^"ANR9-!V(PM*JNMT[VMZ-'QY-CQFMXNLPIEQ+MLP
MK=8#1E@LFL5P2&DP)VRA.3R\5@29?]2,N.'$6BP02K@(,OQY]I:]G8I42XR'
MSV9NFBLJW:L%90RR"$-Q)JN]17@:T-L+1@P:B2JVR`N$UJ5X*=>\;L5R)*S'
M%PL/$-O"B<='@WRQ'&>U)(L&[^.DF>>G8CAWS%/'5!$D'K::R)&Z,!K"L?^G
MR)AL,(V,,>3Y+W%,RDQYPY*L>Y0\!99LQ3E#JURL`Q?$?:-*MT,HRI`DR)#[
M1@O7QVOYRI9PQZ.,(SIRG[UFP'7)RW'F8EFLM6C[IBH[Q=9KQ%7TN)[9LP7,
MOV;%S?GKS1X)SO";O%X%#<`P:[E:P@-V9[`X;E3%SKQF9:S`B=2TM_(\7P]F
M#H+D;JV<S^?,>!4[H0P,T,))S@;M5#";T!2VT`RMSPC]T$3ET!*-E[E7T0&=
M5!.##2R,SQ@]O!3<C_Q4T!^=37<FG=YZP34GNK-;N^_:N2_-TJ`[TZ;;NJ1[
MNJX+KJP+NSG=TS?MC+3;TD)-T^`QQ$PPC:/FT27_/<X2VQU5"\I+S=32&]7;
M1-%4/=$1?=6E9-5:G6]9W=6?Q-4&$0W'W`324-9*=M8='`T=3=)/UGP72TG#
M1WQNS,@7K-1:-==P'==ZO==$?"1.V96"/=B$7=B&?=B(G=B*W83=D-1@#=!/
M_=B2/=F47=E=S0S4,V/Y)9%F(8&]<P2,MG9HC6F?[2Q34UVE4-JZ8`QZ2Q+2
MH[//DMJ:N-HW4W)%XZ4?"B$V:-0)W(!UF-L`54WT&#[4D2L\H4S#70.1_#3"
MK7KNR-QQ]<1"@!.GI=S;=]<%8UOH)X@\$7J\[0VW'`D`TRD#G<HP$MZ\XB_R
MX@S2K;3HS8I^<B?"\MZK_[@OO$'?S3IS%W,G9O09(I4G:V*/HB??PN(GZ2%F
M;_+=R!O@$\/*9C3:E%O<'\J>]US@#$Z8JH0.$-Z^H`)^Y&&)FJD%Z#T(:0@R
M+*'@*3#B>P#BO]G>/Z#BTJ?>++'A/"$Q3$5,Y_")(F[C;&=$:@S(EAWD0C[D
M1%[D1GZ.1Z[#4[V@4H15+7D?QM#@\?$?H_L`XR:*&,(.'<<:`CX:!J*\[B'E
M$R85&=3E5(YQ799*BTS7\5NB>>S%>*!.]30P-$5E^H0YR$%(JWC/H]80:UN*
M]CR_5+/=AE=3`1Z6B+@P(1AG@XXU,S;>X+GD@]+$6VRB&?N(<%CH@RH3@76+
M7_\KY]J'4J3XS!\C#QO9)T7"AP&N7*$^ZO9,,/?LZJE^BP*#4Z+N3"X.D'PZ
MB6]^9>]BW/1T"A2I+[+(3,IM+^JB8_=`X%KS&9`"Z)K^AR>>[-'.+\+N+[8^
M`SEAP34^[;$@2+O;B[O^/P[LJ*I7)ZNCFEVVDG-@#%XR'RA9#.N`Y1RBY6[#
MY5[NY0[R.F,U[_AHY61^)OGN=Q8E[Q3>[D8KZ4G.1<@)Y(D0EPN/R+H^07>)
M9ZW=*27&N'FSC.Y.XP<][E<<<5ML*2*K3VR@"H5EWP?ODV)"?C;9\!1/G1TP
M&6:$\FH.I^PI)M@XTE&J\-!CZ1@`&0EE+;UUJO273X'-/H0P'_';#/+V`Q6V
M?>1+3^XE;P2YG%<>DI`VP!>=$C"6J"E=7^.G,./3,HHYKI#?;N/_,NUVZ"_'
M@>+3YO2(DCA7PJTC):@1"$_KE6I]?MU[GE-%/Q1DWE3I]$[.^DYR[O"B,/7_
M(_,@L"YB,C1H'Q#S<8!J]`)V4@RV$HK!E"]UGM_\)(09"8+AQY%R3SMNU@$7
M5"H>H^,/P.S*S?:\]-NW8B]L*/B#B-WO?5>7J"K27FL,[_-,;T#(N<2+??S(
/G_S*O_S,W_Q<:$L)```[
`
end

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
