-----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,
 Vtrmv88L6UAD/xBDASpTXb1KZShRvOf3bvzLN11p7AhVpy11TCGJJqMhRE28GNE8
 E/GiPYVCGPpg36iVb3hx/A==

<SEC-DOCUMENT>0000000000-09-024337.txt : 20090618
<SEC-HEADER>0000000000-09-024337.hdr.sgml : 20090617
<ACCEPTANCE-DATETIME>20090507091337
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000000000-09-024337
CONFORMED SUBMISSION TYPE:	UPLOAD
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20090507

FILED FOR:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HORMEL FOODS CORP /DE/
		CENTRAL INDEX KEY:			0000048465
		STANDARD INDUSTRIAL CLASSIFICATION:	MEAT PACKING PLANTS [2011]
		IRS NUMBER:				410319970
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		UPLOAD

	BUSINESS ADDRESS:	
		STREET 1:		1 HORMEL PL
		CITY:			AUSTIN
		STATE:			MN
		ZIP:			55912-3680
		BUSINESS PHONE:		5074375737

	MAIL ADDRESS:	
		STREET 1:		1 HORMEL PLACE
		CITY:			AUSTIN
		STATE:			MN
		ZIP:			55912-3680

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HORMEL GEO A & CO
		DATE OF NAME CHANGE:	19920703
PUBLIC REFERENCE ACCESSION NUMBER:		0001104659-08-078222
</SEC-HEADER>
<DOCUMENT>
<TYPE>LETTER
<SEQUENCE>1
<FILENAME>filename1.pdf
<TEXT>
<PDF>
begin 644 filename1.pdf
M)5!$1BTQ+C0-)>+CS],-"C4V(#`@;V)J#3P\+TQI;F5A<FEZ960@,2],(#$S
M,3,X+T\@-3@O12`V-#4S+TX@,2]4(#$Q.3<Q+T@@6R`U-38@,3<V73X^#65N
M9&]B:@T@("`@("`@("`@("`@("`@("`@#0IX<F5F#0HU-B`Q,PT*,#`P,#`P
M,#`Q-B`P,#`P,"!N#0HP,#`P,#`P.#DY(#`P,#`P(&X-"C`P,#`P,#$Q-S(@
M,#`P,#`@;@T*,#`P,#`P,30Q-2`P,#`P,"!N#0HP,#`P,#`Q.#4W(#`P,#`P
M(&X-"C`P,#`P,#$X.3(@,#`P,#`@;@T*,#`P,#`P,C<W-B`P,#`P,"!N#0HP
M,#`P,#`S,3DQ(#`P,#`P(&X-"C`P,#`P,#4X.#0@,#`P,#`@;@T*,#`P,#`P
M-C$R-R`P,#`P,"!N#0HP,#`P,#`V,S<V(#`P,#`P(&X-"C`P,#`P,#`W,S(@
M,#`P,#`@;@T*,#`P,#`P,#4U-B`P,#`P,"!N#0IT<F%I;&5R#0H\/"]3:7IE
M(#8Y+U!R978@,3$Y-C`O6%)E9E-T;2`W,S(O4F]O="`U-R`P(%(O26YF;R`V
M(#`@4B])1%L\0S$Y,C5$1#)#0S<X,T4V,31$-SDX-$-&045!,$9%1$4^/#=$
M,D$P1D8R,3<S.41$-$$X13A#,3!#1#8T,3(T-T8W/ET^/@T*<W1A<G1X<F5F
M#0HP#0HE)45/1@T*("`-"C8X(#`@;V)J#3P\+TQE;F=T:"`X-B]#(#DU+T9I
M;'1E<B]&;&%T941E8V]D92])(#$Q-R],(#<Y+U,@,SD^/G-T<F5A;0T*>-IB
M8&#@9&!@?L(`!"(+&5`!$Q"S,'`<8#!`$N2$8@8&908>7L;I#,R!XJ>2>!FN
M,2V`:9+)A&JV`F)&!@:)5@@-L08,V!@8=%Y!1!GE``(,`'QI"BL-"F5N9'-T
M<F5A;0UE;F1O8FH--C<@,"!O8FH-/#PO3&5N9W1H(#(P+T9I;'1E<B]&;&%T
M941E8V]D92]76S$@,2`Q72]);F1E>%LW(#0Y72]$96-O9&5087)M<SP\+T-O
M;'5M;G,@,R]0<F5D:6-T;W(@,3(^/B]3:7IE(#4V+U1Y<&4O6%)E9CX^<W1R
M96%M#0IXVF)B8F1@8F!@',H8(,``.R0`E@T*96YD<W1R96%M#65N9&]B:@TU
M-R`P(&]B:@T\/"]-87)K26YF;SP\+TQE='1E<G-P86-E1FQA9W,@,"]-87)K
M960@=')U93X^+TUE=&%D871A(#4@,"!2+U!I96-E26YF;SP\+TUA<FME9%!$
M1CP\+TQA<W1-;V1I9FEE9"A$.C(P,#DP-3`W,#DQ,#`W*3X^/CXO4&%G97,@
M-"`P(%(O4&%G94QA>6]U="]/;F5#;VQU;6XO4W1R=6-T5')E95)O;W0@-R`P
M(%(O5'EP92]#871A;&]G+TQA;F<H_O\`10!.`"T`50!3*2],87-T36]D:69I
M960H1#HR,#`Y,#4P-S`Y,3`P-RDO4&%G94QA8F5L<R`R(#`@4CX^#65N9&]B
M:@TU."`P(&]B:@T\/"]#<F]P0F]X6S`@,"`V,3(@-SDR72]087)E;G0@-"`P
M(%(O4W1R=6-T4&%R96YT<R`P+T-O;G1E;G1S(#8Q(#`@4B]2;W1A=&4@,"]-
M961I84)O>%LP(#`@-C$R(#<Y,ETO4F5S;W5R8V5S/#PO0V]L;W)3<&%C93P\
M+T-3,"`V,"`P(%(^/B]&;VYT/#PO5%0P(#4Y(#`@4B]45#$@-C(@,"!2/CXO
M4')O8U-E=%LO4$1&+U1E>'1=+T5X=$=3=&%T93P\+T=3,"`V-B`P(%(^/CX^
M+U1Y<&4O4&%G93X^#65N9&]B:@TU.2`P(&]B:@T\/"]3=6)T>7!E+U1R=654
M>7!E+T9O;G1$97-C<FEP=&]R(#8T(#`@4B],87-T0VAA<B`Q,C$O5VED=&AS
M6S(U,"`P(#`@,"`P(#`@-S<X(#`@,"`P(#`@,"`R-3`@,S,S(#(U,"`P(#4P
M,"`U,#`@-3`P(#4P,"`U,#`@-3`P(#4P,"`P(#`@-3`P(#(W."`P(#`@,"`P
M(#`@,"`W,C(@-C8W(#8V-R`W,C(@-C$Q(#4U-B`P(#<R,B`P(#,X.2`W,C(@
M-C$Q(#@X.2`P(#<R,B`U-38@,"`P(#4U-B`P(#<R,B`W,C(@.30T(#`@,"`P
M(#`@,"`P(#`@,"`P(#0T-"`P(#0T-"`U,#`@-#0T(#,S,R`U,#`@-3`P(#(W
M."`P(#4P,"`R-S@@-S<X(#4P,"`U,#`@-3`P(#`@,S,S(#,X.2`R-S@@-3`P
M(#4P,"`W,C(@-3`P(#4P,%TO0F%S949O;G0O5&EM97-.97=2;VUA;E!3350O
M1FER<W1#:&%R(#,R+T5N8V]D:6YG+U=I;D%N<VE%;F-O9&EN9R]4>7!E+T9O
M;G0^/@UE;F1O8FH--C`@,"!O8FH-6R])0T-"87-E9"`V,R`P(%)=#65N9&]B
M:@TV,2`P(&]B:@T\/"],96YG=&@@.#$T+T9I;'1E<B]&;&%T941E8V]D93X^
M<W1R96%M#0I(B9Q6VVZ;0!!]YROFJ8+*X%TPMRB*5-_:)G43U;1]B/JPQ4M,
MB]D(<!+_?0=LP(Z7(-66;;S,GKF=,\LX4(9W<'DY7$P^3X'`U=5X.@%E.%D2
M"'-<*-^0AZDR_(A+#[DR#`("%()(H69U%W\LXH!+/,-W(-@H*FC!'V6V*'%:
M;%IC$]"I06T(IAV69FT9O.^PL'HM1K6%3KW:WZK#UCY&6[`X@64A'L&R'2JU
M=WJ]NTVN!B'$A"`$TW!'O@?!,^"N>Q4.KP7;@6:Z-E%'@\.%28@/VJ_@^@S6
M:TN(B.0`)@_![PAR^<C2MB?D)%"[A-7+2^K6X#]B!G/V`N_@N[$TH"Q/`S8+
M%)^`[?@&&2$6,1P/\`LRKD3*.'CMK&%`2Z$VD99,U*^`;)>\S:>&)KIG6'Y?
MDZEUDJK;IFHW35ED!ESS2!NIY2?3=*KR'2P,F!5%G#YHCLJS`4S6<64#LQ<>
M;HOXB<-MO2<N]X0\D_>/MJRL@J!5]H>K0PR?!/IUU8WFJ3R!N1"K'"8B>Q09
M*V*1=@#;'7TD;7(4*FBGAKY+6,BA`\\YP:,M7AVH^F&;8TT&L(C3E.>B8&#;
M/O9$6GOWG+A6;\.\([K0`UUDT>SGB5/.DWOU&[\`[(&).L)T-](2=N3LGXM6
MK[E2>['W7M!%)=4YND#BZS<0B0R*-8<HSD.6P(ZS#'BZXBNX#0OQ&QEA.@-`
M:7MR[R9YDQK'U9K'"<).><@W%:Y5X\I&*3VOO'X$=I0*HL)780!ZU(DYP@*<
MON1AMR+L;:AI2?3?W=!1=4!,RT*6NMQ+D&<7<NS1?S#,/%6-U8Z$\S+]Y+!F
MJ/10;!X37F`#Q#;#0?<4\V<0$>S*OR4=4%R@415)4<KX!EBZ0K.$E5NB.,$<
M\G)-LU58"4A%,0!6('5P(<[W199J^(1_15R)>+"/B:4[B+89TB\KXZMNI45N
M=+3,.2_5H>)OG<F-A/O+ZIV7%7G8[EK&*8Y(GNP&\OW^JP!['A<LTO^\0/M-
MS-Z1]R5.5PPF3]E?'"M2#.M4Q$XC8J?&&&<L#=?[,P3D(!(J5U'+K1L.ZZ@!
M66?PD/XGP`#,;T44#0IE;F1S=')E86T-96YD;V)J#38R(#`@;V)J#3P\+U-U
M8G1Y<&4O5')U951Y<&4O1F]N=$1E<V-R:7!T;W(@-C4@,"!2+TQA<W1#:&%R
M(#$R,2]7:61T:'-;,C4P(#`@,"`P(#`@,"`P(#`@,"`P(#`@,"`R-3`@,S,S
M(#(U,"`P(#4P,"`U,#`@-3`P(#4P,"`U,#`@,"`U,#`@,"`U,#`@,"`S,S,@
M,"`P(#`@,"`P(#`@,"`P(#<R,B`W,C(@,"`V,3$@,"`W-S@@,"`P(#<W."`P
M(#`@-S(R(#<W."`P(#`@-S(R(#`@,"`P(#`@,"`P(#`@,"`P(#`@,"`P(#`@
M,"`U,#`@-34V(#0T-"`U-38@-#0T(#,S,R`P(#4U-B`R-S@@,"`P(#(W."`X
M,S,@-34V(#4P,"`U-38@,"`T-#0@,S@Y(#,S,R`P(#`@,"`P(#4P,%TO0F%S
M949O;G0O5&EM97-.97=2;VUA;E!3+4)O;&1-5"]&:7)S=$-H87(@,S(O16YC
M;V1I;F<O5VEN06YS:45N8V]D:6YG+U1Y<&4O1F]N=#X^#65N9&]B:@TV,R`P
M(&]B:@T\/"],96YG=&@@,C4Y."]&:6QT97(O1FQA=&5$96-O9&4O3B`S+T%L
M=&5R;F%T92]$979I8V521T(^/G-T<F5A;0T*:-Z<EG=45-<6A\^]=WJAS3#2
M&7J3+C"`]"X@'011&&8&&,H`PPQ-;(BH0$01$0%%D*"``:.A2*R(8B$HJ&`/
M2!!08C"*J*AD1M9*?'EY[^7E]\>]W]IG[W/WV7N?M2X`)$\?+B\%E@(@F2?@
M!WHXTU>%1]"Q_0`&>(`!I@`P6>FIOD'NP4`D+S<7>KK("?R+W@P!2/R^9>CI
M3Z>#_T_2K%2^``#(7\3F;$XZ2\3Y(D[*%*2*[3,BIL8DBAE&B9DO2E#$<F*.
M6^2EGWT6V5',[&0>6\3BG%/9R6PQ]XAX>X:0(V+$1\0%&5Q.IHAOBU@S29C,
M%?%;<6PRAYD.`(HDM@LXK'@1FXB8Q`\.=!'Q<@!PI+@O..8+%G"R!.)#N:2D
M9O.Y<?$"NBY+CVYJ;<V@>W(RDS@"@:$_DY7(Y+/I+BG)J4Q>-@"+9_XL&7%M
MZ:(B6YI:6UH:FAF9?E&H_[KX-R7N[2*]"OC<,XC6]X?MK_Q2Z@!@S(IJL^L/
M6\Q^`#JV`B!W_P^;YB$`)$5]:[_QQ7EHXGF)%PA2;8R-,S,SC;@<EI&XH+_K
M?SK\#7WQ/2/Q=K^7A^[*B64*DP1T<=U8*4DI0CX]/97)XM`-_SS$_SCPK_-8
M&LB)Y?`Y/%%$J&C*N+PX4;MY;*Z`F\*C<WG_J8G_,.Q/6IQKD2CUGP`UR@A(
MW:`"Y.<^@*(0`1)Y4-SUW_OF@P\%XIL7ICJQ./>?!?W[KG")^)'.C?L<YQ(8
M3&<)^1F+:^)K"="``"0!%<@#%:`!=($A,`-6P!8X`C>P`OB!8!`.U@(6B`?)
M@`\R02[8#`I`$=@%]H)*4`/J02-H`2=`!S@-+H#+X#JX">Z`!V`$C(/G8`:\
M`?,0!&$A,D2!Y"%52`LR@,P@!F0/N4$^4"`4#D5#<1`/$D*YT!:H""J%*J%:
MJ!'Z%CH%78"N0@/0/6@4FH)^A=[#"$R"J;`RK`T;PPS8"?:&@^$U<!R<!N?`
M^?!.N`*N@X_![?`%^#I\!QZ!G\.S"$"("`U10PP1!N*"^"$12"S"1S8@A4@Y
M4H>T(%U(+W(+&4&FD7<H#(J"HJ,,4;8H3U0(BH5*0VU`%:,J44=1[:@>U"W4
M*&H&]0E-1BNA#=`V:"_T*G0<.A-=@"Y'-Z#;T)?0=]#CZ#<8#(:&T<%883PQ
MX9@$S#I,,>8`IA5S'C.`&</,8K%8>:P!U@[KAV5B!=@"['[L,>PY["!V'/L6
M1\2IXLQP[K@('`^7ARO'->'.X@9Q$[AYO!1>"V^#]\.S\=GX$GP]O@M_`S^.
MGR=($W0(=H1@0@)A,Z&"T$*X1'A(>$4D$M6)UL0`(I>XB5A!/$Z\0APEOB/)
MD/1)+J1(DI"TDW2$=)YTC_2*3"9KDQW)$60!>2>YD7R1_)C\5H(B823A)<&6
MV"A1)=$N,2CQ0A(OJ27I)+E6,D>R7/*DY`W):2F\E+:4BQ13:H-4E=0IJ6&I
M66F*M*FTGW2R=+%TD_15Z4D9K(RVC)L,6R9?YK#,19DQ"D+1H+A06)0ME'K*
M)<HX%4/5H7I1$ZA%U&^H_=0961G99;*ALEFR5;)G9$=H"$V;YD5+HI703M"&
M:.^7*"]Q6L)9LF-)RY+!)7-RBG*.<ARY0KE6N3MR[^7I\F[RB?*[Y3OD'RF@
M%/05`A0R%0XJ7%*85J0JVBJR%`L53RC>5X*5])4"E=8I'5;J4YI55E'V4$Y5
MWJ]\47E:A:;BJ)*@4J9R5F5*E:)JK\I5+5,]I_J,+DMWHB?1*^@]]!DU)35/
M-:%:K5J_VKRZCGJ(>IYZJ_HC#8(&0R-6HTRC6V-&4U735S-7LUGSOA9>BZ$5
MK[5/JU=K3EM'.TQ[FW:']J2.G(Z73HY.L\Y#7;*N@VZ:;IWN;3V,'D,O4>^`
MWDU]6-]"/UZ_2O^&`6Q@:<`U.&`PL!2]U'HI;VG=TF%#DJ&3889AL^&H$<W(
MQRC/J,/HA;&F<83Q;N->XT\F%B9))O4F#TQE3%>8YIEVF?YJIF_&,JLRNVU.
M-G<WWVC>:?YRF<$RSK*#R^Y:4"Q\+;99=%M\M+2RY%NV6$Y9:5I%6U5;#3.H
M#']&,>.*-=K:V7JC]6GK=S:6-@*;$S:_V!K:)MHVV4XNUUG.65Z_?,Q.W8YI
M5VLW8D^WC[8_9#_BH.;`=*AS>.*HX<AV;'"<<-)S2G`ZYO3"V<29[]SF/.=B
MX[+>Y;PKXNKA6NC:[R;C%N)6Z?;87=T]SKW9?<;#PF.=QWE/M*>WYV[/82]E
M+Y97H]?,"JL5ZU?T>).\@[PKO9_XZ/OP?;I\8=\5OGM\'Z[46LE;V>$'_+S\
M]O@]\M?Q3_/_/@`3X!]0%?`TT#0P-[`WB!(4%=04]";8.;@D^$&(;H@PI#M4
M,C0RM#%T+LPUK#1L9)7QJO6KKH<KA'/#.R.P$:$1#1&SJ]U6[UT]'FD161`Y
MM$9G3=::JVL5UB:M/1,E&<6,.AF-C@Z+;HK^P/1CUC%G8[QBJF-F6"ZL?:SG
M;$=V&7N*8\<IY4S$VL66QD[&V<7MB9N*=X@OCY_FNG`KN2\3/!-J$N82_1*/
M)"XDA26U)N.2HY-/\61XB;R>%)64K)2!5(/4@M21-)NTO6DS?&]^0SJ4OB:]
M4T`5_4SU"76%6X6C&?8951EO,T,S3V9)9_&R^K+ULW=D3^2XYWR]#K6.M:X[
M5RUW<^[H>J?UM1N@#3$;NC=J;,S?.+[)8]/1S83-B9M_R#/)*\U[O25L2U>^
M<OZF_+&M'EN;"R0*^`7#VVRWU6Q';>=N[]]AOF/_CD^%[,)K129%Y44?BEG%
MU[XR_:KBJX6=L3O[2RQ+#N["[.+M&MKML/MHJ71I3NG8'M\][67TLL*RUWNC
M]EXM7U9>LX^P3[AOI,*GHG._YOY=^S]4QE?>J7*N:JU6JMY1/7>`?6#PH./!
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M>KB0O+#PFP`#`/>$\_L*#0IE;F1S=')E86T-96YD;V)J#38T(#`@;V)J#3P\
M+U-T96U6(#@R+T9O;G1.86UE+U1I;65S3F5W4F]M86Y04TU4+T9O;G13=')E
M=&-H+TYO<FUA;"]&;VYT5V5I9VAT(#0P,"]&;&%G<R`S-"]$97-C96YT("TR
M,38O1F]N=$)";WA;+34V."`M,S`W(#(P,#`@,3`P-UTO07-C96YT(#@Y,2]&
M;VYT1F%M:6QY*%1I;65S($YE=R!2;VUA;BDO0V%P2&5I9VAT(#8U-B]82&5I
M9VAT("TU-#8O5'EP92]&;VYT1&5S8W)I<'1O<B])=&%L:6-!;F=L92`P/CX-
M96YD;V)J#38U(#`@;V)J#3P\+U-T96U6(#$S-B]&;VYT3F%M92]4:6UE<TYE
M=U)O;6%N4%,M0F]L9$U4+T9O;G13=')E=&-H+TYO<FUA;"]&;VYT5V5I9VAT
M(#<P,"]&;&%G<R`S-"]$97-C96YT("TR,38O1F]N=$)";WA;+34U."`M,S`W
M(#(P,#`@,3`R-ETO07-C96YT(#@Y,2]&;VYT1F%M:6QY*%1I;65S($YE=R!2
M;VUA;BDO0V%P2&5I9VAT(#8U-B]82&5I9VAT("TU-#8O5'EP92]&;VYT1&5S
M8W)I<'1O<B])=&%L:6-!;F=L92`P/CX-96YD;V)J#38V(#`@;V)J#3P\+T]0
M32`Q+T]0(&9A;'-E+V]P(&9A;'-E+U1Y<&4O17AT1U-T871E+U-!(&9A;'-E
M+U--(#`N,#(^/@UE;F1O8FH-,2`P(&]B:@T\/"]&:7)S="`S-SDO3&5N9W1H
M(#DP,"]&:6QT97(O1FQA=&5$96-O9&4O3B`T.2]4>7!E+T]B:E-T;3X^<W1R
M96%M#0IXVM17VV[;1A#MI\QC^]#N97;))1`8<.08-938AN6@#T(>&'FC$I5)
M@::*^.][EJ.;X[0A@01)`9'#&9TY<R-FI9PT!3):4T$<-)Z(BX*,H<S";BD+
MT)@"+,91P8Z,!\KG9#+``LQX9`T[\"XYP2&#W8(M!]XF2![(6D!PLPR9963A
M4@!LP5=D3!8FK7.R^&@/?[CHPI,%Q##2TY"%)<97EG-B4-D`':X,IQ2*<^AP
M<4B*4XC<$*#6(UD&G\^@@R]#$0Y\6:;)@2_7T,&7>^C@"ZC'@2^X@ASX0@$=
M?`6<'?B*@LD%I`12EU(+3'!E@Z21.J-P\DC%HBF>(5&?=TA50_>0P+]XH:;H
MO:8;=5VVL>YNVQ@QAJ>&R_BQF\9',NJF6<4WY3J-*$%N']=1S;IVL^AQ-TW3
MJ<FJ?'CH,29A3DY2C+GI.=,\>F%$6!$LPHGP(C(1N8@^QY1V$BPL+"PL+"PL
M+"R\10H+"PL+"TLN3EB<L#AA<<+BA,4)BQ,6)RQ.6)RP>&'QPN*%Q?<L[]0U
M]2YJIF9QT:G79;W\^=7EKV]G/_W2]^5R<_\PU^FM3?#>=%&OJCK._BS1V?-J
MN6FC.FN;]:1<[]2K39<@:K8N:S7;O']8M-6ZVZGKV!X;;J].<4UPG?<2PZK^
MBLUF]S4F^[+YJ,ZJO]5ET]Z7*W6M7M5W==-%&'`[QTP/VMOZ+K:'Z&"]2+07
MZKPM[V-/\WLL@0'-DQJ0AR"E[C[4W$BSC33;2+.---ODTD*A2UM@]S(A\B*>
M?NA@U;_IOH335;5$\5W9=NH*;7Y,!?[15EU5+]\T=U&];F_?B^/+^*%IX][S
M`@757:^B[".M)SOH_QUY`A1J_AZAOUG1G'W#T(G\!XW]_3IN0TBQO]*NM,6Q
M^+^L3#3^E&0OJ,EN)4U)8Y6&[2K=[:DE^;!?"GNG*4ZIX5@[`LL#L':;^'8)
M3LD=.>TVX^>=IN0'!YA2-@*;C\"&$=CBRUCO!#O'#P9CTH$H1S@\#D?)OP8P
M=D0VAL>`W1CPF,&8(9-QG[[?)A_L!7`8`QXP)3EYC_.Q>D0(:T;TQXZ9J1TR
MT^Q9\F.&:\<,UV:#\P%XR$SS9\F'P5X`%R/`K,>`S1BP';#E]F`>`QXS2O[B
M*--1?!8735MV55/W_UX.:VA_HC]%39I5T\YQ5M/V>O?LK=C^7_HD]LG)/P(,
M`#%3RKH-"F5N9'-T<F5A;0UE;F1O8FH-,B`P(&]B:@T\/"].=6US6S`@,R`P
M(%)=/CX-96YD;V)J#3,@,"!O8FH-/#PO4R]$/CX-96YD;V)J#30@,"!O8FH-
M/#PO0V]U;G0@,2]4>7!E+U!A9V5S+TMI9'-;-3@@,"!273X^#65N9&]B:@TU
M(#`@;V)J#3P\+U-U8G1Y<&4O6$U,+TQE;F=T:"`T,#,X+U1Y<&4O365T861A
M=&$^/G-T<F5A;0T*/#]X<&%C:V5T(&)E9VEN/2+ON[\B(&ED/2)7-4TP37!#
M96AI2'IR95-Z3E1C>FMC.60B/SX*/'@Z>&UP;65T82!X;6QN<SIX/2)A9&]B
M93IN<SIM971A+R(@>#IX;7!T:STB061O8F4@6$U0($-O<F4@-"XP+6,S,38@
M-#0N,C4S.3(Q+"!3=6X@3V-T(#`Q(#(P,#8@,3<Z,30Z,SDB/@H@("`\<F1F
M.E)$1B!X;6QN<SIR9&8](FAT='`Z+R]W=W<N=S,N;W)G+S$Y.3DO,#(O,C(M
M<F1F+7-Y;G1A>"UN<R,B/@H@("`@("`\<F1F.D1E<V-R:7!T:6]N(')D9CIA
M8F]U=#TB(@H@("`@("`@("`@("!X;6QN<SIP9&8](FAT='`Z+R]N<RYA9&]B
M92YC;VTO<&1F+S$N,R\B/@H@("`@("`@("`\<&1F.E!R;V1U8V5R/D%C<F]B
M870@1&ES=&EL;&5R(#@N,2XP("A7:6YD;W=S*3PO<&1F.E!R;V1U8V5R/@H@
M("`@("`\+W)D9CI$97-C<FEP=&EO;CX*("`@("`@/')D9CI$97-C<FEP=&EO
M;B!R9&8Z86)O=70](B(*("`@("`@("`@("`@>&UL;G,Z<&1F>#TB:'1T<#HO
M+VYS+F%D;V)E+F-O;2]P9&9X+S$N,R\B/@H@("`@("`@("`\<&1F>#I#;VUP
M86YY/E-E8W5R:71I97,@86YD($5X:&%N9V4@0V]M;6ES<VEO;CPO<&1F>#I#
M;VUP86YY/@H@("`@("`@("`\<&1F>#I3;W5R8V5-;V1I9FEE9#Y$.C(P,#DP
M-3`W,3,P.34P/"]P9&9X.E-O=7)C94UO9&EF:65D/@H@("`@("`\+W)D9CI$
M97-C<FEP=&EO;CX*("`@("`@/')D9CI$97-C<FEP=&EO;B!R9&8Z86)O=70]
M(B(*("`@("`@("`@("`@>&UL;G,Z>&%P/2)H='1P.B\O;G,N861O8F4N8V]M
M+WAA<"\Q+C`O(CX*("`@("`@("`@/'AA<#I#<F5A=&5$871E/C(P,#DM,#4M
M,#=4,#DZ,3`Z,#4M,#0Z,#`\+WAA<#I#<F5A=&5$871E/@H@("`@("`@("`\
M>&%P.D-R96%T;W)4;V]L/D%C<F]B870@4$1&36%K97(@."XQ(&9O<B!7;W)D
M/"]X87`Z0W)E871O<E1O;VP^"B`@("`@("`@(#QX87`Z36]D:69Y1&%T93XR
M,#`Y+3`U+3`W5#`Y.C$P.C`W+3`T.C`P/"]X87`Z36]D:69Y1&%T93X*("`@
M("`@("`@/'AA<#I-971A9&%T841A=&4^,C`P.2TP-2TP-U0P.3HQ,#HP-RTP
M-#HP,#PO>&%P.DUE=&%D871A1&%T93X*("`@("`@/"]R9&8Z1&5S8W)I<'1I
M;VX^"B`@("`@(#QR9&8Z1&5S8W)I<'1I;VX@<F1F.F%B;W5T/2(B"B`@("`@
M("`@("`@('AM;&YS.GAA<$U-/2)H='1P.B\O;G,N861O8F4N8V]M+WAA<"\Q
M+C`O;6TO(CX*("`@("`@("`@/'AA<$U-.D1O8W5M96YT240^=75I9#HX,C$Q
M9#1B-2UB-#5E+30Y8V4M86%E-2TX9C<Q93`X,#@X8S<\+WAA<$U-.D1O8W5M
M96YT240^"B`@("`@("`@(#QX87!-33I);G-T86YC94E$/G5U:60Z-V5C,S,R
M-&0M9C0W9"TT,F0X+3DW-68M9#@V8CEF9&$T8C9B/"]X87!-33I);G-T86YC
M94E$/@H@("`@("`@("`\>&%P34TZ<W5B:F5C=#X*("`@("`@("`@("`@/')D
M9CI397$^"B`@("`@("`@("`@("`@(#QR9&8Z;&D^,SPO<F1F.FQI/@H@("`@
M("`@("`@("`\+W)D9CI397$^"B`@("`@("`@(#PO>&%P34TZ<W5B:F5C=#X*
M("`@("`@/"]R9&8Z1&5S8W)I<'1I;VX^"B`@("`@(#QR9&8Z1&5S8W)I<'1I
M;VX@<F1F.F%B;W5T/2(B"B`@("`@("`@("`@('AM;&YS.F1C/2)H='1P.B\O
M<'5R;"YO<F<O9&,O96QE;65N=',O,2XQ+R(^"B`@("`@("`@(#QD8SIF;W)M
M870^87!P;&EC871I;VXO<&1F/"]D8SIF;W)M870^"B`@("`@("`@(#QD8SIC
M<F5A=&]R/@H@("`@("`@("`@("`\<F1F.E-E<3X*("`@("`@("`@("`@("`@
M/')D9CIL:3YU<SPO<F1F.FQI/@H@("`@("`@("`@("`\+W)D9CI397$^"B`@
M("`@("`@(#PO9&,Z8W)E871O<CX*("`@("`@("`@/&1C.G1I=&QE/@H@("`@
M("`@("`@("`\<F1F.D%L=#X*("`@("`@("`@("`@("`@/')D9CIL:2!X;6PZ
M;&%N9STB>"UD969A=6QT(CY*86YU87)Y(#@L(#(P,#,\+W)D9CIL:3X*("`@
M("`@("`@("`@/"]R9&8Z06QT/@H@("`@("`@("`\+V1C.G1I=&QE/@H@("`@
M("`\+W)D9CI$97-C<FEP=&EO;CX*("`@/"]R9&8Z4D1&/@H\+W@Z>&UP;65T
M83X*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@
M("`@("`@("`@("`@("`@("`@("`@("`@(`H\/WAP86-K970@96YD/2)W(C\^
M#0IE;F1S=')E86T-96YD;V)J#38@,"!O8FH-/#PO0W)E871I;VY$871E*$0Z
M,C`P.3`U,#<P.3$P,#4M,#0G,#`G*2]!=71H;W(H=7,I+T-R96%T;W(H06-R
M;V)A="!01$9-86ME<B`X+C$@9F]R(%=O<F0I+U!R;V1U8V5R*$%C<F]B870@
M1&ES=&EL;&5R(#@N,2XP(%PH5VEN9&]W<UPI*2]-;V1$871E*$0Z,C`P.3`U
M,#<P.3$P,#<M,#0G,#`G*2]#;VUP86YY*%-E8W5R:71I97,@86YD($5X:&%N
M9V4@0V]M;6ES<VEO;BDO4V]U<F-E36]D:69I960H1#HR,#`Y,#4P-S$S,#DU
M,"DO5&ET;&4H2F%N=6%R>2`X+"`R,#`S*3X^#65N9&]B:@UX<F5F#0HP(#4V
M#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#8T-3,@,#`P,#`@;@T*,#`P
M,#`P-S0T.2`P,#`P,"!N#0HP,#`P,#`W-#@S(#`P,#`P(&X-"C`P,#`P,#<U
M,#<@,#`P,#`@;@T*,#`P,#`P-S4U.2`P,#`P,"!N#0HP,#`P,#$Q-C<T(#`P
M,#`P(&X-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F
M#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P
M,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P
M,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U
M-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F
M#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P
M,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P
M,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U
M-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F
M#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P
M,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P
M,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U
M-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F
M#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P
M,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P
M,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U
M-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F
M#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P
M,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P
M,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U
M-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F
M#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*=')A
K:6QE<@T*/#PO4VEZ92`U-CX^#0IS=&%R='AR968-"C$Q-@T*)25%3T8-"C\_
`
end
</PDF>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
