<SUBMISSION>
<ACCESSION-NUMBER>0001169232-09-003168
<TYPE>11-K
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20081231
<FILING-DATE>20090629
<DATE-OF-FILING-DATE-CHANGE>20090629
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>BOK FINANCIAL CORP ET AL
<CIK>0000875357
<ASSIGNED-SIC>6021
<IRS-NUMBER>731373454
<STATE-OF-INCORPORATION>OK
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>11-K
<ACT>34
<FILE-NUMBER>000-19341
<FILM-NUMBER>09915086
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>BANK OF OKLAHOMA TOWER
<STREET2>PO BOX 2300
<CITY>TULSA
<STATE>OK
<ZIP>74192
<PHONE>9185953025
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>BANK OF OKLAHOMA TOWER
<STREET2>P O BOX 2300
<CITY>TULSA
<STATE>OK
<ZIP>74192
</MAIL-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>11-K
<SEQUENCE>1
<FILENAME>d77273_11-k.htm
<DESCRIPTION>ANNUAL REPORT OF EMPLOYEE STOCK PURCHASE
<TEXT>
<html>
    <head>
        <title></title>
    </head>

    <body>
        <div style="WIDTH: 600px">
            <p style="MARGIN-TOP: 0pt; FONT-WEIGHT: bold; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font face="Times New Roman, Times, Serif" size="2"><b><font face="Times New Roman, Times, serif" size="2">BOK FINANCIAL 401(k) PLAN</font></b></font></p>

            <p style="MARGIN-TOP: 0pt; FONT-WEIGHT: bold; FONT-SIZE: 12pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0in; TEXT-INDENT: 0px" align="center"><font face="Times New Roman, Times, Serif" size="2"><b>(formerly, the BOK Financial Thrift Plan for Salaried Employees)</b></font></p>

            <p align="center"><font face="Times New Roman, Times, Serif" size="2"><b>FINANCIAL STATEMENTS AND<br>
            SUPPLEMENTAL SCHEDULE</b></font></p>

            <p align="center"><font face="Times New Roman, Times, Serif" size="2"><b>DECEMBER 31, 2008 and 2007</b></font></p>

            <p align="center"><font face="Times New Roman, Times, Serif" size="2"><b>WITH</b></font></p>

            <p align="center"><font face="Times New Roman, Times, Serif" size="2"><b>REPORT OF INDEPENDENT REGISTERED<br>
            PUBLIC ACCOUNTING FIRM</b></font></p>
            <hr align="center" width="100%" noshade size="5">

            <p style="PAGE-BREAK-AFTER: always"></p>
            <PAGE><br>

            <p align="center"><font face="Times New Roman, Times, Serif" size="2"><b>CONTENTS</b></font></p>

            <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                <tr style="FONT-SIZE: 1px">
                    <td valign="top" width="90%">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top" width="5%">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top" width="5%">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="top">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><a href="#a1"><font face="Times New Roman, Times, Serif" size="2">Report of Independent Registered Public Accounting Firm &ndash; HoganTaylor LLP</font></a></p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">1</font></p>
                    </td>
                </tr>

                <tr>
                    <td valign="top">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p align="right">&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="top">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><a href="#a2"><font face="Times New Roman, Times, Serif" size="2">Statements of Net Assets Available for Benefits December 31, 2008 and 2007</font></a></p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">2</font></p>
                    </td>
                </tr>

                <tr>
                    <td valign="top">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p align="right">&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="top">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><a href="#a3"><font face="Times New Roman, Times, Serif" size="2">Statement of Changes in Net Assets Available for Benefits Year ended December 31, 2008</font></a></p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">3</font></p>
                    </td>
                </tr>

                <tr>
                    <td valign="top">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p align="right">&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="top">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><a href="#a4"><font face="Times New Roman, Times, Serif" size="2">Notes to Financial Statements</font></a></p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">4</font></p>
                    </td>
                </tr>

                <tr>
                    <td valign="top">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p align="right">&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="top">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><a href="#a5"><font face="Times New Roman, Times, Serif" size="2">Supplemental Schedule</font></a></p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p align="right">&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="top">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p align="right">&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="top">
                        <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><a href="#a6"><font face="Times New Roman, Times, Serif" size="2">Form 5500 Schedule H, Line 4i &ndash; Schedule of Assets (Held at End of Year) December 31, 2008</font></a></p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">13</font></p>
                    </td>
                </tr>
            </table>
            <br>
            <hr align="center" width="100%" noshade size="5">

            <p style="PAGE-BREAK-AFTER: always"></p>
            <PAGE><br>

            <p align="center"><font face="Times New Roman, Times, Serif" size="2"><b>R<a name="a1"></a>EPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</b></font></p>

            <p><font face="Times New Roman, Times, Serif" size="2">The Plan Administrative Committee<br>
            BOK Financial 401(k) Plan</font></p>

            <p align="justify"><font face="Times New Roman, Times, Serif" size="2">We have audited the accompanying statement of net assets available for benefits of the BOK Financial 401(k) Plan (formerly, the BOK Financial Thrift Plan for Salaried Employees) (the Plan) as of December&nbsp;31, 2008 and 2007, and the related statement of changes in net assets available for benefits for the year ended December 31, 2008. These financial statements are the responsibility of the Plan&rsquo;s
            management. Our responsibility is to express an opinion on these financial statements based on our audits. Tullius Taylor Sartain &amp; Sartain LLP audited the financial statements of the Plan for the year ended December 31, 2007, and merged with Hogan &amp; Slovacek P.C. to form HoganTaylor LLP, effective January 7, 2009. </font></p>

            <p align="justify"><font face="Times New Roman, Times, Serif" size="2">We conducted our audits in accordance with auditing standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes consideration of internal control over financial reporting as a basis for designing audit procedures that
            are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Plan&rsquo;s internal control over financial reporting. Accordingly, we express no such opinion. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall
            financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.</font></p>

            <p align="justify"><font face="Times New Roman, Times, Serif" size="2">In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2008 and 2007, and the changes in net assets available for benefits for the year ended December 31, 2008, in conformity with U.S. generally accepted accounting principles.</font></p>

            <p align="justify"><font face="Times New Roman, Times, Serif" size="2">Our audits were made for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental Schedule of Assets (Held at End of Year) as of December 31, 2008, is presented for the purpose of additional analysis and is not a required part of the basic financial statements, but is supplementary information required by the United States Department of Labor&rsquo;s Rules and
            Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. This supplemental schedule is the responsibility of the Plan&rsquo;s management. The supplemental schedule has been subjected to the auditing procedures applied in the audits of the basic financial statements and, in our opinion, is fairly stated in all material respects in relation to the basic financial statements taken as a whole.</font></p>

            <p><font face="Times New Roman, Times, Serif" size="2">June 29, 2009</font></p>

            <p align="right"><font face="Times New Roman, Times, Serif" size="2">1</font></p>
            <hr align="center" width="100%" noshade size="5">

            <p style="PAGE-BREAK-AFTER: always"></p>
            <PAGE><br>

            <p align="center"><font face="Times New Roman, Times, Serif" size="2"><b>BOK FINANCIAL 401(k) PLAN<br>
            (formerly, the BOK Financial Thrift Plan for Salaried Employees)</b></font></p>

            <p align="center"><font face="Times New Roman, Times, Serif" size="2"><b>S<a name="a2"></a>TATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS</b></font></p>

            <p align="center"><font face="Times New Roman, Times, Serif" size="2"><b>December 31, 2008 and 2007</b></font></p>

            <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                <tr style="FONT-SIZE: 1px">
                    <td valign="bottom" width="70%">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" width="2%">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" width="1%">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" width="9%">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom" width="2%">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" width="1%">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" width="10%">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom" width="1%">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" colspan="2">
                        <p align="center"><font face="Times New Roman, Times, Serif" size="2">2008</font></p>
                    </td>

                    <td valign="bottom">
                        <p align="center">&nbsp;</p>
                    </td>

                    <td valign="bottom" colspan="2">
                        <p align="center"><font face="Times New Roman, Times, Serif" size="2">2007</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr style="FONT-SIZE: 1px">
                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="3">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="3">&nbsp;</td>
                </tr>

                <tr>
                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p><font face="Times New Roman, Times, Serif" size="2"><b>Assets</b></font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Investments, at fair value (See Note 3)</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                    </td>

                    <td valign="bottom">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">148,207,718</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                    </td>

                    <td valign="bottom">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">189,950,281</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Cash</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">1,014,100</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">991,473</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Employer contribution receivable</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">996,399</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">952,891</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Due from broker</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">118,779</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">230,746</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Accrued interest receivable</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">132,155</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">119,306</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr style="FONT-SIZE: 1px">
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Total assets</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">150,469,151</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">192,244,697</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2"><b>Liabilities</b></font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Due to broker</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">1,102,687</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">1,135,463</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr style="FONT-SIZE: 1px">
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Net assets available for benefits, at fair value</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">149,366,464</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">191,109,234</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Adjustment from fair value to contract value for fully benefit-responsive investment contracts</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">1,121,274</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr style="FONT-SIZE: 1px">
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Net assets available for plan benefits</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                    </td>

                    <td valign="bottom">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">150,487,738</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                    </td>

                    <td valign="bottom">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">191,109,234</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr style="FONT-SIZE: 1px">
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td style="BORDER-BOTTOM: black 3px double" valign="bottom">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 3px double" valign="bottom">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 3px double" valign="bottom">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 3px double" valign="bottom">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 3px double" valign="bottom">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 3px double" valign="bottom">&nbsp;</td>
                </tr>
            </table>

            <p align="center"><font face="Times New Roman, Times, Serif" size="2">See notes to financial statements.</font></p>

            <p align="right"><font face="Times New Roman, Times, Serif" size="2">2</font></p>
            <hr align="center" width="100%" noshade size="5">

            <p style="PAGE-BREAK-AFTER: always"></p>
            <PAGE><br>

            <p align="center"><font face="Times New Roman, Times, Serif" size="2"><b>BOK FINANCIAL 401(k) PLAN<br>
            (formerly, the BOK Financial Thrift Plan for Salaried Employees)</b></font></p>

            <p align="center"><font face="Times New Roman, Times, Serif" size="2"><b>S<a name="a3"></a>TATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS</b></font></p>

            <p align="center"><font face="Times New Roman, Times, Serif" size="2"><b>Year ended December 31, 2008</b></font></p>

            <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                <tr style="FONT-SIZE: 1px">
                    <td valign="bottom" width="84%">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" width="2%">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" width="1%">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" width="9%">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom" width="1%">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Investment income (loss):</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Net depreciation in value of investments</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                    </td>

                    <td valign="bottom">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">(56,865,932</font></p>
                    </td>

                    <td valign="bottom">
                        <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Interest and dividends</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">3,052,638</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr style="FONT-SIZE: 1px">
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Total investment loss</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">(53,813,294</font></p>
                    </td>

                    <td valign="bottom">
                        <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                    </td>
                </tr>

                <tr style="FONT-SIZE: 1px">
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Contributions:</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Participants</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">16,071,264</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Employer</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">11,480,181</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Rollovers</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">2,278,940</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr style="FONT-SIZE: 1px">
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Total contributions</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">29,830,385</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr style="FONT-SIZE: 1px">
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Deductions from net assets:</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Benefit payments</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">18,159,562</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Administrative expenses</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">6,760</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr style="FONT-SIZE: 1px">
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Total deductions</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">18,166,322</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Net transfer of assets from the BOK Financial Thrift Plan for Hourly Employees as of October 6, 2008 (see Note 5)</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">1,527,735</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr style="FONT-SIZE: 1px">
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Net decrease</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">(40,621,496</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Net assets available for benefits:</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">Beginning of year</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">191,109,234</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr style="FONT-SIZE: 1px">
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font face="Times New Roman, Times, Serif" size="2">End of year</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                    </td>

                    <td valign="bottom">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">150,487,738</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr style="FONT-SIZE: 1px">
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td style="BORDER-BOTTOM: black 3px double" valign="bottom">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 3px double" valign="bottom">&nbsp;</td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>
            </table>

            <p align="center"><font face="Times New Roman, Times, Serif" size="2">See notes to financial statements.</font></p>

            <p align="right"><font face="Times New Roman, Times, Serif" size="2">3</font></p>
            <hr align="center" width="100%" noshade size="5">

            <p style="PAGE-BREAK-AFTER: always"></p>
            <PAGE><br>

            <p align="center"><font face="Times New Roman, Times, Serif" size="2"><b>BOK FINANCIAL 401(k) PLAN<br>
            (formerly, the BOK Financial Thrift Plan for Salaried Employees)</b></font></p>

            <p align="center"><a name="a4"></a><font face="Times New Roman, Times, Serif" size="2"><b>NOTES TO FINANCIAL STATEMENTS</b></font></p>

            <p align="center"><font face="Times New Roman, Times, Serif" size="2"><b>December 31, 2008 and 2007</b></font></p>

            <p><font face="Times New Roman, Times, Serif" size="2"><b>Note 1 &ndash; Description of Plan</b></font></p>

            <p align="justify"><font face="Times New Roman, Times, Serif" size="2">The following description of the BOK Financial 401(k) Plan (the Plan) provides only general information. Participants should refer to the Summary Plan Description or the Plan document for a more complete description of the Plan&rsquo;s provisions.</font></p>

            <p align="justify"><font face="Times New Roman, Times, Serif" size="2"><u>General</u></font></p>

            <p align="justify"><font face="Times New Roman, Times, Serif" size="2">The Plan is a defined contribution plan covering all employees of BOK Financial Corporation (BOKF) and its subsidiaries and affiliates (collectively, the Employer or Company). An eligible employee may enter the Plan on the first day of the month following the date the employee is credited with one full month of service. All new eligible employees are automatically enrolled in the Plan at a 3.00% contribution rate
            unless the employee designates on the enrollment form not to participate or to participate at another allowable contribution rate. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (ERISA).</font></p>

            <p align="justify"><font face="Times New Roman, Times, Serif" size="2">Bank of Oklahoma N.A. (Plan Administrator), subsidiary of BOKF, holds and manages the assets of the Plan, maintains participant account records and makes distributions to Plan participants.</font></p>

            <p align="justify"><font face="Times New Roman, Times, Serif" size="2">Effective October 6, 2008, the Company amended its existing BOK Financial Thrift Plan for Salaried Employees by adopting the Bank of Oklahoma, N.A. Defined Contribution Prototype Plan and Trust as a restated plan and combined with the BOK Financial Thrift Plan for Hourly Employees.</font></p>

            <p align="justify"><font face="Times New Roman, Times, Serif" size="2"><u>Contributions</u></font></p>

            <p align="justify"><font face="Times New Roman, Times, Serif" size="2">Participants may elect to contribute a percentage of their compensation up to the maximum allowable by federal regulation (as defined by the Plan) on a pre-tax basis pursuant to a salary reduction agreement filed with the Plan Administrator. In addition, participants may make after-tax contributions, which shall not exceed 6.00% of each participant&rsquo;s compensation; however, the combination of pre-tax and
            after-tax contributions cannot be more than the annual legal limit on the total amount that may be contributed to this type of plan (as defined by the Plan). Participants may also make Roth 401(k) contributions to the Plan not to exceed the annual legal limit. Participants who attained age 50 on or before December 31, 2008, were allowed to make a pre-tax catch-up contribution of an additional $5,000 above the maximum allowable by federal regulation. </font></p>

            <p align="justify"><font face="Times New Roman, Times, Serif" size="2">Participants may elect investment in any of 12 registered investment companies, the Bank of Oklahoma, N.A. Managed Allocation Portfolios (MAP) which are collective investment funds, the Bank of Oklahoma, N.A. Strategic Allocation Fund (SAF) which is a collective investment fund, and BOKF Common Stock. Participants may also elect in a self-directed option that allows them to invest in a variety of marketable
            securities in accordance with the Plan document. During 2008, the Employer authorized the following modifications to the investment selections available to participants: (a) removal of Hotchkis and Wiley Mid-Cap Value Fund and (b)&nbsp;addition of Pimco Total Return Institutional Fund, Columbia Mid-Cap Value-Z Fund and MAP 2060 Fund. </font></p>

            <p align="right"><font face="Times New Roman, Times, Serif" size="2">4</font></p>
            <hr align="center" width="100%" noshade size="5">

            <p style="PAGE-BREAK-AFTER: always"></p>
            <PAGE><br>

            <p align="justify"><font face="Times New Roman, Times, Serif" size="2">The Employer contributes a matching contribution to the Plan. The matching contribution may be made in cash or in shares of BOKF Common Stock. In 2008, the entire matching contribution of $11,480,181 was made in cash. </font></p>

            <p align="justify"><font face="Times New Roman, Times, Serif" size="2">The Employer matching contribution ranged from $.50 to $2.00 for each dollar of the participant&rsquo;s contributions, up to 6.00% of compensation per pay period, based on each participant&rsquo;s years of service as follows:</font></p>

            <table cellspacing="0" cellpadding="0" width="90%" align="center" border="0">
                <tr style="FONT-SIZE: 1px">
                    <td valign="top" width="50%">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top" width="4%">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top" width="21%">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="top" width="16%">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td style="BORDER-BOTTOM: black 1px solid" valign="top">
                        <p align="center"><font face="Times New Roman, Times, Serif" size="2">Years of Service</font></p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="top">
                        <p align="center">&nbsp;</p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="top" colspan="2">
                        <p align="center"><font face="Times New Roman, Times, Serif" size="2">Matching Percentage</font></p>
                    </td>
                </tr>

                <tr>
                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr bgcolor="#eaf9e8">
                    <td valign="top">
                        <p><font face="Times New Roman, Times, Serif" size="2">Less than four years</font></p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">50.00</font></p>
                    </td>

                    <td valign="top">
                        <p><font face="Times New Roman, Times, Serif" size="2">%</font></p>
                    </td>
                </tr>

                <tr>
                    <td valign="top">
                        <p><font face="Times New Roman, Times, Serif" size="2">At least four, but less than ten years</font></p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">100.00</font></p>
                    </td>

                    <td valign="top">
                        <p><font face="Times New Roman, Times, Serif" size="2">%</font></p>
                    </td>
                </tr>

                <tr bgcolor="#eaf9e8">
                    <td valign="top">
                        <p><font face="Times New Roman, Times, Serif" size="2">At least ten, but less than fifteen years</font></p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">150.00</font></p>
                    </td>

                    <td valign="top">
                        <p><font face="Times New Roman, Times, Serif" size="2">%</font></p>
                    </td>
                </tr>

                <tr>
                    <td valign="top">
                        <p><font face="Times New Roman, Times, Serif" size="2">Fifteen or more years</font></p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">200.00</font></p>
                    </td>

                    <td valign="top">
                        <p><font face="Times New Roman, Times, Serif" size="2">%</font></p>
                    </td>
                </tr>
            </table>

            <p align="justify"><font face="Times New Roman, Times, Serif" size="2">Matching contributions for the 2008 plan year are limited to a certain dollar amount (ranging from $6,900 to $27,600) based on the participant&rsquo;s years of service. The Company also makes a special contribution for participants making less than $40,000. This special contribution (Qualified Non-Elective Contribution) is $750 for participants making less than $30,000 and phases out for participants making
            $30,000 to $40,000. The special contribution for the 2008 plan year was $997,800.</font></p>

            <p align="justify"><font face="Times New Roman, Times, Serif" size="2">The Employer may, at its sole discretion, make an additional discretionary contribution to the Plan. There was no discretionary contribution in 2008.</font></p>

            <p align="justify"><font face="Times New Roman, Times, Serif" size="2"><u>Participant accounts</u></font></p>

            <p align="justify"><font face="Times New Roman, Times, Serif" size="2">Each participant&rsquo;s account is credited with the participant&rsquo;s contribution and allocations of (a) the Employer&rsquo;s contribution and (b) Plan earnings and charged with administrative expenses, if applicable. Allocations are based on participant earnings or account balances, as defined by the Plan. The benefit to which a participant is entitled is the benefit that can be provided from the
            participant&rsquo;s vested account.</font></p>

            <p align="justify"><font face="Times New Roman, Times, Serif" size="2"><u>Vesting</u></font></p>

            <p align="justify"><font face="Times New Roman, Times, Serif" size="2">Participants vest in Employer matching contributions based upon years of service, as defined by the Plan. Participants are 100.00% vested upon completion of four years of service and are immediately vested in their deferred (pre-tax), Roth 401(k) and after-tax contributions, and the actual earnings thereon.</font></p>

            <p align="justify"><font face="Times New Roman, Times, Serif" size="2"><u>Participant loans</u></font></p>

            <p align="justify"><font face="Times New Roman, Times, Serif" size="2">Participants may borrow against their accounts in amounts of not less than $1,000 and not to exceed the lesser of $50,000 or 50.00% of the participant&rsquo;s vested account balance. Loans will bear interest based on the current banking prime rate when the loan is requested and may not exceed a five-year term, unless the proceeds are used to acquire the primary residence of the participant, in which case the
            maximum term may be 25 years. Repayment is made by payroll withholdings, and the maximum number of loans a participant may have outstanding at one time is two. The loans are secured by the balance in the participant&rsquo;s account. Interest rates are based on the Chase prime rate and range from 3.25% to 7.25% at December 31, 2008. </font></p>

            <p align="justify"><font face="Times New Roman, Times, Serif" size="2"><u>Payment of benefits</u></font></p>

            <p align="justify"><font face="Times New Roman, Times, Serif" size="2">A participant, who terminated employment with a vested account balance of less than $1,000, excluding rollover contributions, will receive a lump-sum payment. If the participant&rsquo;s vested balance exceeds $1,000, but is less than $5,000 (excluding rollover contributions), and the participant has not elected to </font></p>

            <p align="right"><font face="Times New Roman, Times, Serif" size="2">5</font></p>
            <hr align="center" width="100%" noshade size="5">

            <p style="PAGE-BREAK-AFTER: always"></p>
            <PAGE><br>

            <p align="justify"><font face="Times New Roman, Times, Serif" size="2">receive payment directly, transfer to another eligible retirement plan or a direct rollover, the Plan will pay the distribution in a direct rollover to an individual retirement account designated by the Plan Administrator. Balances over $5,000 are not distributed without the participant&rsquo;s consent. Prior to May 1, 2007, in lieu of lump-sum payment, a participant who terminated employment after his or her
            65<sup>th</sup> birthday or attaining age 60 and completing 10 years of service, was entitled to elect monthly, quarterly, semi-annual, or annual installment payments to be paid over a period not to exceed 10 years from the benefit commencement date. The installments may be accelerated at the direction of the participant. Effective May 1, 2007, only lump-sum payments are allowed.</font></p>

            <p align="justify"><font face="Times New Roman, Times, Serif" size="2"><u>Forfeitures</u></font></p>

            <p align="justify"><font face="Times New Roman, Times, Serif" size="2">At December 31, 2008 and 2007 forfeited nonvested accounts totaled $108,519 and $94,723, respectively. These accounts will be used to reduce future employer contributions. In 2008, employer contributions were reduced by $116,481 from forfeited nonvested accounts.</font></p>

            <p align="justify"><font face="Times New Roman, Times, Serif" size="2"><u>Plan termination</u></font></p>

            <p align="justify"><font face="Times New Roman, Times, Serif" size="2">The Employer expects to continue the Plan indefinitely. However, the Employer reserves the right to discontinue the Plan or to amend the Plan, in whole or in part, from time-to-time. In the event of Plan termination, participants will become 100.00% vested in their accounts. </font></p>

            <p align="justify"><font face="Times New Roman, Times, Serif" size="2"><b>Note 2 &ndash; Summary of Significant Accounting Policies</b></font></p>

            <p align="justify"><font face="Times New Roman, Times, Serif" size="2"><u>Basis of accounting</u></font></p>

            <p align="justify"><font face="Times New Roman, Times, Serif" size="2">The financial statements of the Plan are prepared on the accrual basis of accounting. Benefit payments are recorded when paid.</font></p>

            <p align="justify"><font face="Times New Roman, Times, Serif" size="2"><u>Administrative expenses</u></font></p>

            <p align="justify"><font face="Times New Roman, Times, Serif" size="2">The Employer pays all administrative expenses except for loan origination fees and fees related to self-directed common stocks, bonds and registered investment companies, which are paid by the participants. </font></p>

            <p align="justify"><font face="Times New Roman, Times, Serif" size="2"><u>Investment valuation and income recognition</u></font></p>

            <p align="justify"><font face="Times New Roman, Times, Serif" size="2">Investments are reported at fair value. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. See Note 3 for discussion of fair value measurements. </font></p>

            <p align="justify"><font face="Times New Roman, Times, Serif" size="2">Purchases and sales of securities are recorded on a trade-date basis. Dividend income is recorded on the ex-dividend date. Interest income is recorded on the accrual basis.</font></p>

            <p align="justify"><font face="Times New Roman, Times, Serif" size="2">As described in Financial Accounting Standards Board Staff Position, AAG INV-1 and SOP 94-4-1, <i>Reporting of Fully Benefit-Responsive Investment Contracts Held by Certain Investment Companies Subject to the AICPA Investment Company Guide and Defined-Contribution Health and Welfare and Pension Plans</i> (the FSP), investment contracts held by a defined-contribution plan are required to be reported at fair value.
            However, contract value is the relevant measurement attribute for that portion of the net assets available for benefits of a defined-contribution plan attributable to fully benefit-responsive contracts because contract value is the amount participants would receive if they were to initiate permitted transactions under the terms of the Plan. Contract value represents contributions made, plus earnings, less </font></p>

            <p align="right"><font face="Times New Roman, Times, Serif" size="2">6</font></p>
            <hr align="center" width="100%" noshade size="5">

            <p style="PAGE-BREAK-AFTER: always"></p>
            <PAGE><br>

            <p align="justify"><font face="Times New Roman, Times, Serif" size="2">withdrawals and administrative expenses. The Plan&rsquo;s investments include the SEI Stable Asset Fund, a collective trust that invests in a variety of fully benefit-responsive investment contracts. As required by the FSP, the statements of net assets available for benefits present the fair value of the SEI Stable Asset Fund and the adjustment from fair value to contract value, and the Statement of Changes in
            Net Assets Available for Benefits excludes the changes in fair value for the SEI Stable Asset Fund. </font></p>

            <p><font face="Times New Roman, Times, Serif" size="2"><u>Use of estimates</u></font></p>

            <p align="justify"><font face="Times New Roman, Times, Serif" size="2">The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates.</font></p>

            <p><font face="Times New Roman, Times, Serif" size="2"><u>Effects of recently issued statements of financial accounting standards</u></font></p>

            <p align="justify"><font face="Times New Roman, Times, Serif" size="2">On January 1, 2008, the Plan adopted FASB Statement of Financial Accounting Standards No. 157, <i>Fair Value Measurements</i> (FAS 157), which defines fair value, establishes a framework for measuring fair value, and expands disclosure about fair value measurements. This pronouncement did not require any new fair value measurements. In February 2008, the FASB issued FASB Staff Position (FSP) No. FAS&nbsp;157-2,
            <i>Effective Date of FASB Statement No. 157</i> (FSP FAS 157-2), which defers the effective date of FAS 157 for one year for non-financial assets and non-financial liabilities that are not disclosed at fair value in the financial statements on a recurring basis. FSP FAS 157-2 did not defer the recognition and disclosure requirements for financial or non-financial assets and liabilities that are measured at least annually. In February 2008, the Plan adopted FSP FAS 157-2. The effect
            of the adoption of FAS 157 and FSP FAS 157-2 did not have a material effect on the changes in net assets or the financial position of the Plan. </font></p>

            <p><font face="Times New Roman, Times, Serif" size="2"><b>Note 3 &ndash; Investments</b></font></p>

            <p><font face="Times New Roman, Times, Serif" size="2"><u>Investments representing 5% or more of plan assets</u></font></p>

            <p><font face="Times New Roman, Times, Serif" size="2">The following presents investments at fair value that represent 5% or more of the Plan&rsquo;s net assets:</font></p>

            <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                <tr style="FONT-SIZE: 1px">
                    <td valign="bottom" width="70%">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" width="3%">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" width="1%">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" width="10%">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom" width="3%">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" width="1%">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" width="10%">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom" width="1%">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" colspan="5">
                        <p align="center"><font face="Times New Roman, Times, Serif" size="2">December 31,</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr style="FONT-SIZE: 1px">
                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="6">&nbsp;</td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" colspan="2">
                        <p align="center"><font face="Times New Roman, Times, Serif" size="2">2008</font></p>
                    </td>

                    <td valign="bottom">
                        <p align="center">&nbsp;</p>
                    </td>

                    <td valign="bottom" colspan="2">
                        <p align="center"><font face="Times New Roman, Times, Serif" size="2">2007</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr style="FONT-SIZE: 1px">
                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="3">&nbsp;</td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">BOKF Common Stock</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">21,000,318</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">23,607,005</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Cavanal Hill Cash Management Fund (formerly American Performance Cash Management Fund)</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">17,523,637</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">11,103,959</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Cavanal Hill Intermediate Bond Fund (formerly American Performance Intermediate Bond Fund)</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">7,931,488</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">8,898,330</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">SEI Stable Asset Fund*</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">11,548,152</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">8,726,114</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Neuberger and Berman Genesis Trust Fund</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">17,419,722</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">27,318,900</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Dodge and Cox Stock Fund</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">14,632,341</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">28,388,284</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Vanguard Institutional Index</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">13,179,762</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">20,815,268</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">American Growth Fund of America</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">6,012,083</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">9,714,604</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Bank of Oklahoma, N.A. International Strategic Allocation Fund</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">6,127,945</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">12,310,271</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Investments that represent less than 5% in 2008 and 2007</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">32,832,270</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">39,067,546</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr style="FONT-SIZE: 1px">
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Total investments</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">148,207,718</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">189,950,281</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Adjustment from fair value to contract value for SEI Stable Asset Fund</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">1,121,274</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr style="FONT-SIZE: 1px">
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">149,328,992</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">189,950,281</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr style="FONT-SIZE: 1px">
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td style="BORDER-BOTTOM: black 3px double" valign="bottom">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 3px double" valign="bottom">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 3px double" valign="bottom">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 3px double" valign="bottom">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 3px double" valign="bottom">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 3px double" valign="bottom">&nbsp;</td>
                </tr>
            </table>

            <p><font face="Times New Roman, Times, Serif" size="2"><i>*</i> SEI Stable Asset Fund at contract value is $12,669,426.</font></p>

            <p align="right"><font face="Times New Roman, Times, Serif" size="2">7</font></p>
            <hr align="center" width="100%" noshade size="5">

            <p style="PAGE-BREAK-AFTER: always"></p>
            <PAGE><br>

            <p><font face="Times New Roman, Times, Serif" size="2"><u>Net depreciation in fair value of investments</u></font></p>

            <p align="justify"><font face="Times New Roman, Times, Serif" size="2">The Plan&rsquo;s investments are held by a bank-administered trust fund at Bank of Oklahoma, N.A. Trust Division (the Trustee). During 2008, the Plan&rsquo;s investments (including investments purchased and sold, as well as held during the year) depreciated in fair value as follows:</font></p>

            <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                <tr style="FONT-SIZE: 1px">
                    <td valign="bottom" width="81%">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" width="2%">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" width="1%">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" width="15%">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom" width="1%">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" colspan="2">
                        <p align="center"><font face="Times New Roman, Times, Serif" size="2">Net Depreciation <br>
                        in Fair Value<br>
                        of Investments</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr style="FONT-SIZE: 1px">
                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2">&nbsp;</td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p><font face="Times New Roman, Times, Serif" size="2">BOKF Common Stock</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">4,291,686</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p><font face="Times New Roman, Times, Serif" size="2">Registered investment companies</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">45,408,793</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p><font face="Times New Roman, Times, Serif" size="2">Self-directed common stocks</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">459,466</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p><font face="Times New Roman, Times, Serif" size="2">Self-directed registered investment companies</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">459,307</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p><font face="Times New Roman, Times, Serif" size="2">Self-directed bonds</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">10,877</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p><font face="Times New Roman, Times, Serif" size="2">Collective investment trusts</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">6,235,803</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr style="FONT-SIZE: 1px">
                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">56,865,932</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr style="FONT-SIZE: 1px">
                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td style="BORDER-BOTTOM: black 3px double" valign="bottom">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 3px double" valign="bottom">&nbsp;</td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>
            </table>

            <p align="justify"><font face="Times New Roman, Times, Serif" size="2">The global credit and liquidity crisis that began in 2008 had a significant adverse impact on the reported fair values of the Plan&rsquo;s investments at December 31, 2008. The worldwide crisis continues into 2009; financial markets continue to be uncertain and volatile. The timing of an economic recovery fueling a recovery in world financial markets is not predictable. As a result, it is at least reasonably
            possible that the fair values of the Plan&rsquo;s investments will be materially affected in the near term. </font></p>

            <p align="justify"><font face="Times New Roman, Times, Serif" size="2">Participants should refer to the fund prospectus or other investment document for information on a fund&rsquo;s investment risk, objective, fees and expenses.</font></p>

            <p><font face="Times New Roman, Times, Serif" size="2"><u>Fair value of financial instruments</u></font></p>

            <p align="justify"><font face="Times New Roman, Times, Serif" size="2">FAS 157 defines fair value, establishes a consistent framework for measuring fair value and establishes a fair value hierarchy based on the observability of inputs used to measure fair value. These different levels of valuation hierarchy are described below:</font></p>

            <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                <tr style="FONT-SIZE: 1px">
                    <td valign="top" width="5%">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top" width="5%">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top" width="90%">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p><font face="Times New Roman, Times, Serif" size="2">&bull;</font></p>
                    </td>

                    <td valign="top">
                        <p><font face="Times New Roman, Times, Serif" size="2">Level 1 &ndash; Quoted prices in active markets for identical, unrestricted assets or liabilities; </font></p>
                    </td>
                </tr>

                <tr>
                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p><font face="Times New Roman, Times, Serif" size="2">&bull;</font></p>
                    </td>

                    <td valign="top">
                        <p align="justify"><font face="Times New Roman, Times, Serif" size="2">Level 2 &ndash; Quoted prices for similar assets or liabilities in active markets or inputs other than quoted prices that are observable; and </font></p>
                    </td>
                </tr>

                <tr>
                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p><font face="Times New Roman, Times, Serif" size="2">&bull;</font></p>
                    </td>

                    <td valign="top">
                        <p><font face="Times New Roman, Times, Serif" size="2">Level 3 &ndash; Significant unobservable prices or inputs.</font></p>
                    </td>
                </tr>
            </table>

            <p align="justify"><font face="Times New Roman, Times, Serif" size="2">Following is a description of the valuation methodologies used for assets measured at fair value:</font></p>

            <p align="justify"><font face="Times New Roman, Times, Serif" size="2">BOKF common stock, other common stocks and bonds: Valued at the closing price reported on the active market on which the individual securities are traded.</font></p>

            <p align="justify"><font face="Times New Roman, Times, Serif" size="2">Registered investment companies: Valued at the net asset value (NAV) of shares held by the Plan at year end.</font></p>

            <p align="justify"><font face="Times New Roman, Times, Serif" size="2">Collective investment trusts: Valued at the NAV of shares held by the Plan at year end. The NAV is provided by the collective investment trusts&rsquo; trustee, which is Bank of Oklahoma, N.A., and is derived from market quotes for identical assets.</font></p>

            <p align="justify"><font face="Times New Roman, Times, Serif" size="2">Stable asset fund: Fair value is determined by the independent fund manager, which is derived from quoted prices for similar assets or liabilities in active markets or other observable quoted prices.</font></p>

            <p align="right"><font face="Times New Roman, Times, Serif" size="2">8</font></p>
            <hr align="center" width="100%" noshade size="5">

            <p style="PAGE-BREAK-AFTER: always"></p>
            <PAGE><br>

            <p><font size="2">Participant loans: Valued at amortized cost, which approximates fair value.</font></p>

            <p align="justify"><font size="2">The following table sets forth by level, within the fair value hierarchy, the Plan&rsquo;s assets at fair value at December 31, 2008:</font></p>

            <table cellspacing="0" cellpadding="0" width="600" align="center" border="0">
                <tr style="FONT-SIZE: 1px">
                    <td valign="bottom" width="31%">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" width="3%">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" width="1%">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" width="12%">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom" width="3%">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" width="1%">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" width="12%">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom" width="3%">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" width="1%">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" width="12%">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom" width="3%">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" width="1%">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" width="12%">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom" width="1%">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p align="center">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="center">&nbsp;</p>
                    </td>

                    <td valign="bottom" colspan="11">
                        <p align="center"><font size="2">Assets at Fair Value as of December 31, 2008</font></p>
                    </td>

                    <td valign="bottom">
                        <p align="center">&nbsp;</p>
                    </td>
                </tr>

                <tr style="FONT-SIZE: 1px">
                    <td valign="bottom">
                        <p align="center">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="center">&nbsp;</p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="top" colspan="11">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="top">&nbsp;</td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p align="center">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="center">&nbsp;</p>
                    </td>

                    <td valign="bottom" colspan="2">
                        <p align="center"><font size="2">Level 1</font></p>
                    </td>

                    <td valign="bottom">
                        <p align="center">&nbsp;</p>
                    </td>

                    <td valign="bottom" colspan="2">
                        <p align="center"><font size="2">Level 2</font></p>
                    </td>

                    <td valign="bottom">
                        <p align="center">&nbsp;</p>
                    </td>

                    <td valign="bottom" colspan="2">
                        <p align="center"><font size="2">Level 3</font></p>
                    </td>

                    <td valign="bottom">
                        <p align="center">&nbsp;</p>
                    </td>

                    <td valign="bottom" colspan="2">
                        <p align="center"><font size="2">Total</font></p>
                    </td>

                    <td valign="bottom">
                        <p align="center">&nbsp;</p>
                    </td>
                </tr>

                <tr style="FONT-SIZE: 1px">
                    <td valign="bottom">
                        <p align="center">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="center">&nbsp;</p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="top" colspan="2">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="top">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="top" colspan="2">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="top">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="top" colspan="2">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="top">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="top" colspan="2">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="top">&nbsp;</td>
                </tr>

                <tr>
                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font size="2">BOKF common stock, other commons stocks, bonds and registered investment companies</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p><font size="2">$</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font size="2">109,416,624</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p><font size="2">$</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font size="2">&mdash;</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p><font size="2">$</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font size="2">&mdash;</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p><font size="2">$</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font size="2">109,416,624</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font size="2">Collective investment trusts</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right"><font size="2">&mdash;</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right"><font size="2">22,012,290</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right"><font size="2">&mdash;</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right"><font size="2">22,012,290</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font size="2">Stable asset fund</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font size="2">&mdash;</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font size="2">11,548,152</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font size="2">&mdash;</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font size="2">11,548,152</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font size="2">Participant loans</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right"><font size="2">&mdash;</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right"><font size="2">&mdash;</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right"><font size="2">5,230,652</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right"><font size="2">5,230,652</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr style="FONT-SIZE: 1px">
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="top">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="top">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="top">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="top">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="top">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="top">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="top">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="top">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="top">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="top">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="top">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="top">&nbsp;</td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font size="2">Total assets at fair value</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p><font size="2">$</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font size="2">109,416,624</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p><font size="2">$</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font size="2">33,560,442</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p><font size="2">$</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font size="2">5,230,652</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p><font size="2">$</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font size="2">148,207,718</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr style="FONT-SIZE: 1px">
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td style="BORDER-BOTTOM: black 3px double" valign="top">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 3px double" valign="top">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 3px double" valign="top">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 3px double" valign="top">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 3px double" valign="top">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 3px double" valign="top">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 3px double" valign="top">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 3px double" valign="top">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 3px double" valign="top">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 3px double" valign="top">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 3px double" valign="top">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 3px double" valign="top">&nbsp;</td>
                </tr>
            </table>

            <p align="justify"><font size="2">The following table presents a reconciliation of Level 3 assets measured at fair value for the period January&nbsp;1, 2008 to December&nbsp;31, 2008:</font></p>

            <table cellspacing="0" cellpadding="0" width="600" align="center" border="0">
                <tr style="FONT-SIZE: 1px">
                    <td valign="bottom" width="81%">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" width="3%">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" width="1%">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" width="11%">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom" width="1%">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p align="center">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="center">&nbsp;</p>
                    </td>

                    <td valign="bottom" colspan="2">
                        <p align="center"><font size="2">Participant<br>
                        Loans</font></p>
                    </td>

                    <td valign="bottom">
                        <p align="center">&nbsp;</p>
                    </td>
                </tr>

                <tr style="FONT-SIZE: 1px">
                    <td valign="bottom">
                        <p align="center">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="center">&nbsp;</p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2">&nbsp;</td>

                    <td valign="bottom">
                        <p align="center">&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p><font size="2">Balance, beginning of year</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p><font size="2">$</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font size="2">5,020,730</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p><font size="2">Issuances and settlements, net</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right"><font size="2">209,922</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr style="FONT-SIZE: 1px">
                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p><font size="2">Balance, end of year</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p><font size="2">$</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font size="2">5,230,652</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr style="FONT-SIZE: 1px">
                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td style="BORDER-BOTTOM: black 3px double" valign="bottom">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 3px double" valign="bottom">&nbsp;</td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>
            </table>

            <p><font size="2"><b>Note 4 &ndash; Stable Asset Fund</b></font></p>

            <p align="justify"><font size="2">As described in Note 2, the Plan&rsquo;s investments include the SEI Stable Asset Fund (the Fund), a collective investment trust that invests in a variety of fully benefit responsive investment contracts such as guaranteed investment contracts (GICs), synthetic GICs, and separate account contracts issued by insurance companies and other financial institutions.</font></p>

            <p align="justify"><font size="2">Traditional GICs are backed by the general account of the issuer and the Fund deposits a lump sum with the issuer and receives a guaranteed interest rate for a specified time. The issuer guarantees that all qualified participant withdrawals will occur at contract value (principal plus accrued interest). GICs generally do not permit issuers to terminate the agreement prior to the scheduled maturity date.</font></p>

            <p align="justify"><font size="2">Separate account contracts are similar to traditional GICs, except that the underlying assets are held in a separate account contract for the benefit of the Fund. A synthetic GIC is an investment contract issued by an insurance company or bank, backed by a portfolio of bonds as well as other fixed income securities that are owned by the Fund. The issuer guarantees that all qualified separate account contracts and synthetic GIC withdrawals will occur
            at contract value.</font></p>

            <p align="justify"><font size="2">The Fund expects that each unit will have a constant value of $1.00, but there can be no assurance that a unit&rsquo;s value will remain constant at $1.00. Unanticipated events such as a GIC issuer&rsquo;s inability to meet its obligations or significant withdrawal requests by participants in the Fund, could affect the recoverability of assets including the underlying investment securities of synthetic GICs.</font></p>

            <p align="right"><font size="2">9</font></p>
            <hr align="center" width="100%" noshade size="5">

            <p style="PAGE-BREAK-AFTER: always"></p>
            <PAGE><br>

            <p align="justify"><font size="2">The issuing companies&rsquo; ability to meet their own obligations under the contracts may be affected by changes in Federal and state laws and regulations governing these industries, as well as the development of unfavorable economic conditions and trends impacting the industries or specific companies that are party to the contracts. A substantial portion of the Fund&rsquo;s investment securities underlying synthetic GICs at December 31, 2008 were
            invested in commingled bond funds, mortgage-backed securities, and asset-backed securities. Therefore, the Fund may be subject to greater risk than a fund that does not invest in these industries. </font></p>

            <p align="justify"><font size="2">As described in Note 2, the statements of net assets available for benefits present the fair value of the Fund and the adjustment from fair value to contract value. The fair value of the Fund was $11,548,152 and $8,726,114 at December 31, 2008 and 2007, respectively. The adjustment from fair value to contract value was $1,121,274 at December 31, 2008. The fair value approximated contract value at December&nbsp;31, 2007. </font></p>

            <p align="justify"><font size="2"><b>Note 5 &ndash; Plan Combination</b></font></p>

            <p align="justify"><font size="2">As described in Note 1, effective October 6, 2008, the Company amended its existing BOK Financial Thrift Plan for Salaried Employees (the Salaried Plan) by adopting the Bank of Oklahoma, N.A. Defined Contribution Prototype Plan and Trust as a restated plan and combined with the BOK Financial Thrift Plan for Hourly Employees (the Hourly Plan). The Statement of Changes in Net Assets Available for Benefits includes the net transfer of assets from the
            Hourly Plan as of October 6, 2008, totaling $1,527,735. The Statement of Net Assets Available for Benefits at December 31, 2008, includes all assets and liabilities of both the Salaried and Hourly Plans. </font></p>

            <p align="justify"><font size="2">Below is a condensed pro forma Statement of Changes in Net Assets Available for Benefits which includes the combined Hourly and Salaried Plan changes from January 1, 2008 through December 31, 2008. </font></p>

            <table cellspacing="0" cellpadding="0" width="600" align="center" border="0">
                <tr style="FONT-SIZE: 1px">
                    <td valign="bottom" width="81%">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" width="3%">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" width="1%">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" width="12%">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom" width="1%">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font size="2">Investment income (loss):</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font size="2">Net depreciation in fair value of investments</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p><font size="2">$</font></p>
                    </td>

                    <td valign="bottom">
                        <p align="right"><font size="2">(56,912,944</font></p>
                    </td>

                    <td valign="bottom">
                        <p><font size="2">)</font></p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font size="2">Interest and dividends</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font size="2">3,071,612</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr style="FONT-SIZE: 1px">
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font size="2">Total investment loss</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right"><font size="2">(53,841,332</font></p>
                    </td>

                    <td valign="bottom">
                        <p><font size="2">)</font></p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font size="2">Total contributions (rollovers and employer and participant contributions)</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font size="2">30,103,936</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font size="2">Total deductions (benefit payments and administrative expenses)</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right"><font size="2">18,419,641</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr style="FONT-SIZE: 1px">
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font size="2">Net decrease</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font size="2">(42,157,037</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p><font size="2">)</font></p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font size="2">Net assets available for benefits:</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font size="2">Beginning of year</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font size="2">192,644,775</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr style="FONT-SIZE: 1px">
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in"><font size="2">End of year</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p><font size="2">$</font></p>
                    </td>

                    <td valign="bottom">
                        <p align="right"><font size="2">150,487,738</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr style="FONT-SIZE: 1px">
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 17.3pt; TEXT-INDENT: -8.65pt; MARGIN-RIGHT: 0in">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td style="BORDER-BOTTOM: black 3px double" valign="bottom">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 3px double" valign="bottom">&nbsp;</td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>
            </table>

            <p><font size="2"><b>Note 6 &ndash; Income Tax Status</b></font></p>

            <p align="justify"><font size="2">The Plan has received a determination letter from the Internal Revenue Service (IRS) dated March 31, 2008, stating that the Plan is qualified under Section 401(a) of the Internal Revenue Code (the Code) and, therefore, the related trust is exempt from taxation. Subsequent to this determination by the Internal Revenue Service, the Plan was amended. Once qualified, the Plan is required to operate in conformity </font></p>

            <p align="right"><font size="2">10</font></p>
            <hr align="center" width="100%" noshade size="5">

            <p style="PAGE-BREAK-AFTER: always"></p>
            <PAGE><br>

            <p align="justify"><font face="Times New Roman, Times, Serif" size="2">with the Code to maintain its qualification. The Plan Administrator believes the Plan is being operated in compliance with the applicable requirements of the Code and, therefore, believes that the Plan, as amended, is qualified and the related trust is tax-exempt.</font></p>

            <p><font face="Times New Roman, Times, Serif" size="2"><b>Note 7 &ndash; Reconciliation of Financial Statements to the Form 5500</b></font></p>

            <p align="justify"><font face="Times New Roman, Times, Serif" size="2">The following reconciles net assets available for benefits per the financial statements to the Form 5500:</font></p>

            <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                <tr style="FONT-SIZE: 1px">
                    <td valign="bottom" width="66%">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" width="2%">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" width="1%">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" width="11%">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom" width="3%">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" width="1%">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" width="11%">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom" width="1%">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" colspan="5">
                        <p align="center"><font face="Times New Roman, Times, Serif" size="2">December 31,</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr style="FONT-SIZE: 1px">
                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="5">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" colspan="2">
                        <p align="center"><font face="Times New Roman, Times, Serif" size="2">2008</font></p>
                    </td>

                    <td valign="bottom">
                        <p align="center">&nbsp;</p>
                    </td>

                    <td valign="bottom" colspan="2">
                        <p align="center"><font face="Times New Roman, Times, Serif" size="2">2007</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr style="FONT-SIZE: 1px">
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Net assets available for benefits per the financial statements</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">150,487,738</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">191,109,234</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Adjustment from contract value to fair value for fully benefit responsive contracts</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">(1,121,274</font></p>
                    </td>

                    <td valign="bottom">
                        <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">&mdash;</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Less: benefits payable</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">(19,934</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">(2,845</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                    </td>
                </tr>

                <tr style="FONT-SIZE: 1px">
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Net assets available for benefits per the Form 5500</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                    </td>

                    <td valign="bottom">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">149,346,530</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                    </td>

                    <td valign="bottom">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">191,106,389</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr style="FONT-SIZE: 1px">
                    <td valign="bottom">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>

                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td style="BORDER-BOTTOM: black 3px double" valign="bottom">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 3px double" valign="bottom">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 3px double" valign="bottom">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 3px double" valign="bottom">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 3px double" valign="bottom">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 3px double" valign="bottom">&nbsp;</td>
                </tr>
            </table>

            <p><font face="Times New Roman, Times, Serif" size="2">The following is a reconciliation of net depreciation in value of investments per the financial statements to the Form&nbsp;5500:</font></p>

            <p align="justify"></p>

            <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                <tr>
                    <td valign="bottom" width="510">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" width="7">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top" width="2">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" colspan="2">
                        <p align="center"><font face="Times New Roman, Times, Serif" size="2">December 31,<br>
                        2008</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr style="FONT-SIZE: 1px">
                    <td valign="bottom" width="510">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" width="7">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top" width="2">
                        <p>&nbsp;</p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2">&nbsp;</td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom" width="510">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" width="7">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top" width="2">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" width="20">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom" width="510" bgcolor="#eaf9e8">
                        <p><font face="Times New Roman, Times, Serif" size="2">Net depreciation in value of investments&nbsp; per the financial statements</font></p>
                    </td>

                    <td valign="bottom" width="7" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top" width="2" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" width="20" bgcolor="#eaf9e8">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">56,865,932</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom" width="510">
                        <p><font face="Times New Roman, Times, Serif" size="2">Adjustment from contract value to fair value for fully benefit responsive contracts</font></p>
                    </td>

                    <td valign="bottom" width="7">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top" width="2">
                        <p>&nbsp;</p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="20">
                        <p>&nbsp;</p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">1,121,274</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom" bgcolor="#eaf9e8">&nbsp;</td>

                    <td valign="bottom" bgcolor="#eaf9e8">&nbsp;</td>

                    <td valign="top" bgcolor="#eaf9e8">&nbsp;</td>

                    <td valign="bottom" bgcolor="#eaf9e8">&nbsp;</td>

                    <td valign="bottom" bgcolor="#eaf9e8">&nbsp;</td>

                    <td valign="bottom" bgcolor="#eaf9e8">&nbsp;</td>

                    <td valign="top" bgcolor="#eaf9e8">&nbsp;</td>
                </tr>

                <tr>
                    <td valign="bottom" width="510" bgcolor="#eaf9e8">
                        <p><font face="Times New Roman, Times, Serif" size="2">Net depreciation in value of investments to participants per the Form 5500</font></p>
                    </td>

                    <td valign="bottom" width="7" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top" width="2" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" width="20" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">57,987,206</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr style="FONT-SIZE: 1px">
                    <td valign="bottom" width="510">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" width="7">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top" width="2">
                        <p>&nbsp;</p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="20">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr style="FONT-SIZE: 1px">
                    <td valign="bottom" width="510">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" width="7">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top" width="2">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" width="20">&nbsp;</td>

                    <td valign="bottom">&nbsp;</td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>
                </tr>
            </table>
            <br>
            <br>

            <p align="justify"><font face="Times New Roman, Times, Serif" size="2">The following is a reconciliation of benefit payments per the financial statements to the Form&nbsp;5500:</font></p>

            <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                <tr style="FONT-SIZE: 1px">
                    <td valign="bottom" width="80%">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" width="2%">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top" width="1%">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" width="1%">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" width="13%">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom" width="1%">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top" width="1%">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" colspan="2">
                        <p align="center"><font face="Times New Roman, Times, Serif" size="2">Year ended<br>
                        December 31,<br>
                        2008</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr style="FONT-SIZE: 1px">
                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2">&nbsp;</td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p><font face="Times New Roman, Times, Serif" size="2">Benefit payments per the financial statements</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">18,159,562</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p><font face="Times New Roman, Times, Serif" size="2">Add: benefits payable at end of year</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">19,934</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p><font face="Times New Roman, Times, Serif" size="2">Less: benefits payable at beginning of year</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">(2,845</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p><font face="Times New Roman, Times, Serif" size="2">)</font></p>
                    </td>

                    <td valign="top" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr style="FONT-SIZE: 1px">
                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p><font face="Times New Roman, Times, Serif" size="2">Benefit payments to participants per the Form 5500</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                    </td>

                    <td valign="bottom">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">18,176,651</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr style="FONT-SIZE: 1px">
                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td style="BORDER-BOTTOM: black 3px double" valign="bottom">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 3px double" valign="bottom">&nbsp;</td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>
                </tr>
            </table>

            <p align="justify"><font face="Times New Roman, Times, Serif" size="2">Benefits payable are recorded on the Form 5500 for payments to participants that have been processed and approved for payment prior to December 31, but not yet paid.</font></p>

            <p><font face="Times New Roman, Times, Serif" size="2"><b>Note 8 &ndash; Risks and Uncertainties</b></font></p>

            <p align="justify"><font face="Times New Roman, Times, Serif" size="2">The Plan invests in various investment securities. Investment securities are exposed to various risks such as interest rate, market and credit risks. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect participants&rsquo; account
            balances and the amounts reported in the statements of net assets available for benefits.</font></p>

            <p><font face="Times New Roman, Times, Serif" size="2"><b>Note 9 &ndash; Related Parties</b></font></p>

            <p align="justify"><font face="Times New Roman, Times, Serif" size="2">The Plan holds investments in funds that are part of the Cavanal Hill mutual fund family.</font></p>

            <p align="justify"><font face="Times New Roman, Times, Serif" size="2">Cavanal Hill Investment Management, Inc. (formerly, AXIA Investment Management, Inc.), a wholly owned subsidiary of Bank of Oklahoma, N.A. (BOk), is the administrator to and investment advisor for the Cavanal Hill Funds (formerly, the American Performance Funds), a diversified, open-ended investment company established as a business trust under the Investment Company Act of 1940. BOk is custodian of investments
            owned by the Cavanal Hill Funds and BOSC, Inc., a subsidiary of BOKF, is </font></p>

            <p align="right"><font face="Times New Roman, Times, Serif" size="2">11</font></p>
            <hr align="center" width="100%" noshade size="5">

            <p style="PAGE-BREAK-AFTER: always"></p>
            <PAGE><br>

            <p align="justify"><font face="Times New Roman, Times, Serif" size="2">distributor of the Funds. A BOk executive officer serves on the Cavanal Hill Funds&rsquo; board of trustees and BOk officers serve as president and secretary of the Cavanal Hill Funds. A majority of the members of the Cavanal Hill Funds&rsquo; board of trustees are, however, independent of BOk and the Cavanal Hill Funds are managed by its board of trustees. Participants should refer to the Cavanal Hill Funds
            prospectus for additional information.</font></p>

            <p align="justify"><font face="Times New Roman, Times, Serif" size="2">A portion of the Plan&rsquo;s assets are invested in BOKF stock. Since BOKF is the Plan Sponsor, investments involving BOKF stock qualify as party-in-interest transactions. </font></p>

            <p align="justify"><font face="Times New Roman, Times, Serif" size="2">The Plan is authorized to include Bank of Oklahoma, N.A. Managed Allocation Portfolio (MAP) Funds as investment options. The MAP Funds include six different managed funds designed to meet different risk tolerances and years to retirement. The portfolios are comprised of different asset classes, capitalizations and investment styles. The Plan is authorized to include the Bank of Oklahoma, N.A. International
            Strategic Allocation Fund (SAF) as an international investment option. Cavanal Hill serves as investment advisor and BOk serves as custodian and administrator to the MAP Funds and SAF.</font></p>

            <p><font face="Times New Roman, Times, Serif" size="2">All the above transactions are exempt from prohibited transactions rules.</font></p>

            <p><font face="Times New Roman, Times, Serif" size="2"><b>Note 10 &ndash; Subsequent Event</b></font></p>

            <p align="justify"><font face="Times New Roman, Times, Serif" size="2">Effective March 3, 2009, the Company approved the replacement of the Cavanal Hill Intermediate Bond fund with the existing PIMCO Total Return Fund.</font></p>

            <p align="right"><font face="Times New Roman, Times, Serif" size="2">12</font></p>
            <hr align="center" width="100%" noshade size="5">

            <p style="PAGE-BREAK-AFTER: always"></p>
            <PAGE><br>

            <p align="center"><font face="Times New Roman, Times, Serif" size="2"><b><a name="a5"></a>SUPPLEMENTAL SCHEDULE</b></font></p>
            <hr align="center" width="100%" noshade size="5">

            <p style="PAGE-BREAK-AFTER: always"></p>
            <PAGE><br>

            <p align="center"><font face="Times New Roman, Times, Serif" size="2"><b>BOK FINANCIAL 401(k) PLAN<br>
            (formerly, the BOK Financial Thrift Plan for Salaried Employees)</b></font></p>

            <p align="center"><font face="Times New Roman, Times, Serif" size="2"><b><a name="a6"></a>FORM 5500 SCHEDULE H; LINE 4i &ndash; SCHEDULE OF ASSETS<br>
            (HELD AT END OF YEAR)</b></font></p>

            <p align="center"><font face="Times New Roman, Times, Serif" size="2"><b>EIN: 73-0780382 PLAN #: 002</b></font></p>

            <p align="center"><font face="Times New Roman, Times, Serif" size="2"><b>December 31, 2008</b></font></p>

            <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                <tr style="FONT-SIZE: 1px">
                    <td valign="top" width="3%">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top" width="41%">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top" width="3%">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top" width="32%">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top" width="3%">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top" width="1%">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top" width="13%">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top" width="1%">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom">
                        <p align="center"><font face="Times New Roman, Times, Serif" size="2">(a)</font></p>
                    </td>

                    <td valign="bottom">
                        <p align="center"><font face="Times New Roman, Times, Serif" size="2">(b)<br>
                        Identity of Issue,<br>
                        Borrower, Lessor, or Similar Party</font></p>
                    </td>

                    <td valign="top">
                        <p align="center">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="center"><font face="Times New Roman, Times, Serif" size="2">(c)<br>
                        Description of Investments,<br>
                        Including Maturity Date, Rate<br>
                        of Interest, or Maturity Value</font></p>
                    </td>

                    <td valign="top">
                        <p align="center">&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p align="center">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="center"><font face="Times New Roman, Times, Serif" size="2">(e)<br>
                        Current<br>
                        Value</font></p>
                    </td>

                    <td valign="bottom">
                        <p align="center">&nbsp;</p>
                    </td>
                </tr>

                <tr style="FONT-SIZE: 1px">
                    <td style="BORDER-BOTTOM: black 1px solid" valign="top">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="top">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="top">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="top">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="top">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="top">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="top">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="top">&nbsp;</td>
                </tr>

                <tr>
                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="top" bgcolor="#eaf9e8">
                        <p align="center"><font face="Times New Roman, Times, Serif" size="2">*</font></p>
                    </td>

                    <td valign="top" bgcolor="#eaf9e8">
                        <p><font face="Times New Roman, Times, Serif" size="2">BOK Financial Corporation</font></p>
                    </td>

                    <td valign="top" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top" bgcolor="#eaf9e8">
                        <p><font face="Times New Roman, Times, Serif" size="2">BOKF Common Stock</font></p>
                    </td>

                    <td valign="top" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">21,000,318</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="top">
                        <p align="center">&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="top">
                        <p align="center"><font face="Times New Roman, Times, Serif" size="2">*</font></p>
                    </td>

                    <td valign="top">
                        <p><font face="Times New Roman, Times, Serif" size="2">Cavanal Hill Funds</font></p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p><font face="Times New Roman, Times, Serif" size="2">Cash Management Fund</font></p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">17,523,637</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="top" bgcolor="#eaf9e8">
                        <p align="center">&nbsp;</p>
                    </td>

                    <td valign="top" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top" bgcolor="#eaf9e8">
                        <p><font face="Times New Roman, Times, Serif" size="2">Intermediate Bond Fund</font></p>
                    </td>

                    <td valign="top" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">7,931,488</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="top">
                        <p align="center">&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="top">
                        <p align="center"><font face="Times New Roman, Times, Serif" size="2">.</font></p>
                    </td>

                    <td valign="top">
                        <p><font face="Times New Roman, Times, Serif" size="2">SEI Funds</font></p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p><font face="Times New Roman, Times, Serif" size="2">Stable Asset Fund</font></p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">11,548,152</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="top">
                        <p align="center">&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="top" bgcolor="#eaf9e8">
                        <p align="center">&nbsp;</p>
                    </td>

                    <td valign="top" bgcolor="#eaf9e8">
                        <p><font face="Times New Roman, Times, Serif" size="2">American</font></p>
                    </td>

                    <td valign="top" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top" bgcolor="#eaf9e8">
                        <p><font face="Times New Roman, Times, Serif" size="2">Balanced Fund</font></p>
                    </td>

                    <td valign="top" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">4,001,531</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="top">
                        <p align="center">&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p><font face="Times New Roman, Times, Serif" size="2">Growth Fund of America</font></p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">6,012,083</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="top">
                        <p align="center">&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="top" bgcolor="#eaf9e8">
                        <p align="center">&nbsp;</p>
                    </td>

                    <td valign="top" bgcolor="#eaf9e8">
                        <p><font face="Times New Roman, Times, Serif" size="2">Neuberger and Berman</font></p>
                    </td>

                    <td valign="top" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top" bgcolor="#eaf9e8">
                        <p><font face="Times New Roman, Times, Serif" size="2">Genesis Trust Fund</font></p>
                    </td>

                    <td valign="top" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">17,419,722</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="top">
                        <p align="center">&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="top">
                        <p align="center">&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p><font face="Times New Roman, Times, Serif" size="2">Dodge and Cox</font></p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p><font face="Times New Roman, Times, Serif" size="2">Stock Fund</font></p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">14,632,341</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="top">
                        <p align="center">&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="top" bgcolor="#eaf9e8">
                        <p align="center">&nbsp;</p>
                    </td>

                    <td valign="top" bgcolor="#eaf9e8">
                        <p><font face="Times New Roman, Times, Serif" size="2">Vanguard</font></p>
                    </td>

                    <td valign="top" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top" bgcolor="#eaf9e8">
                        <p><font face="Times New Roman, Times, Serif" size="2">Institutional Index</font></p>
                    </td>

                    <td valign="top" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">13,179,762</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="top">
                        <p align="center">&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p><font face="Times New Roman, Times, Serif" size="2">Mid-Cap Index</font></p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">1,345,689</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="top">
                        <p align="center">&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="top" bgcolor="#eaf9e8">
                        <p align="center">&nbsp;</p>
                    </td>

                    <td valign="top" bgcolor="#eaf9e8">
                        <p><font face="Times New Roman, Times, Serif" size="2">Columbia</font></p>
                    </td>

                    <td valign="top" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top" bgcolor="#eaf9e8">
                        <p><font face="Times New Roman, Times, Serif" size="2">Midcap Value Z Fund</font></p>
                    </td>

                    <td valign="top" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">2,459,615</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="top">
                        <p align="center">&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="top">
                        <p align="center">&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p><font face="Times New Roman, Times, Serif" size="2">T Rowe Price </font></p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p><font face="Times New Roman, Times, Serif" size="2">New Horizons</font></p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">1,735,493</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="top">
                        <p align="center">&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="top" bgcolor="#eaf9e8">
                        <p align="center">&nbsp;</p>
                    </td>

                    <td valign="top" bgcolor="#eaf9e8">
                        <p><font face="Times New Roman, Times, Serif" size="2">Pimco</font></p>
                    </td>

                    <td valign="top" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top" bgcolor="#eaf9e8">
                        <p><font face="Times New Roman, Times, Serif" size="2">Total Return Institutional Fund</font></p>
                    </td>

                    <td valign="top" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">564,942</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="top">
                        <p align="center">&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="top">
                        <p align="center"><font face="Times New Roman, Times, Serif" size="2">*</font></p>
                    </td>

                    <td valign="top">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Bank of Oklahoma, N.A. Managed Allocation Portfolio (MAP)</font></p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p><font face="Times New Roman, Times, Serif" size="2">MAP 2010 Fund</font></p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">2,484,477</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="top" bgcolor="#eaf9e8">
                        <p align="center">&nbsp;</p>
                    </td>

                    <td valign="top" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top" bgcolor="#eaf9e8">
                        <p><font face="Times New Roman, Times, Serif" size="2">MAP 2020 Fund</font></p>
                    </td>

                    <td valign="top" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">4,451,642</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="top">
                        <p align="center">&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p><font face="Times New Roman, Times, Serif" size="2">MAP 2030 Fund</font></p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">5,084,643</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="top" bgcolor="#eaf9e8">
                        <p align="center">&nbsp;</p>
                    </td>

                    <td valign="top" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top" bgcolor="#eaf9e8">
                        <p><font face="Times New Roman, Times, Serif" size="2">MAP 2040 Fund</font></p>
                    </td>

                    <td valign="top" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">3,259,798</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="top">
                        <p align="center">&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p><font face="Times New Roman, Times, Serif" size="2">MAP 2050 Fund</font></p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">597,171</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="top" bgcolor="#eaf9e8">
                        <p align="center">&nbsp;</p>
                    </td>

                    <td valign="top" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top" bgcolor="#eaf9e8">
                        <p><font face="Times New Roman, Times, Serif" size="2">MAP 2060 Fund</font></p>
                    </td>

                    <td valign="top" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">6,614</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="top">
                        <p align="center">&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="top">
                        <p align="center"><font face="Times New Roman, Times, Serif" size="2">*</font></p>
                    </td>

                    <td valign="top">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Bank of Oklahoma, N.A. Strategic Allocation Fund (SAF)</font></p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">International Strategic Allocation Fund</font></p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">6,127,945</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="top">
                        <p align="center">&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="top" bgcolor="#eaf9e8">
                        <p align="center">&nbsp;</p>
                    </td>

                    <td valign="top" bgcolor="#eaf9e8">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Self-directed common stocks, bonds and registered investment companies</font></p>
                    </td>

                    <td valign="top" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top" bgcolor="#eaf9e8">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Common stocks, bonds and registered investment companies</font></p>
                    </td>

                    <td valign="top" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">1,610,003</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="top">
                        <p align="center">&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="top">
                        <p align="center"><font face="Times New Roman, Times, Serif" size="2">*</font></p>
                    </td>

                    <td valign="top">
                        <p><font face="Times New Roman, Times, Serif" size="2">Participant loans</font></p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p style="MARGIN-LEFT: 8.65pt; TEXT-INDENT: -8.65pt"><font face="Times New Roman, Times, Serif" size="2">Interest rates ranging from 3.25% to 7.25%</font></p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">5,230,652</font></p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr style="FONT-SIZE: 1px">
                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="top">
                        <p align="center">&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p align="right">&nbsp;</p>
                    </td>

                    <td valign="bottom">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="top" bgcolor="#eaf9e8">
                        <p align="center">&nbsp;</p>
                    </td>

                    <td valign="top" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p><font face="Times New Roman, Times, Serif" size="2">$</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p align="right"><font face="Times New Roman, Times, Serif" size="2">148,207,718</font></p>
                    </td>

                    <td valign="bottom" bgcolor="#eaf9e8">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr style="FONT-SIZE: 1px">
                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td style="BORDER-BOTTOM: black 3px double" valign="bottom">&nbsp;</td>

                    <td style="BORDER-BOTTOM: black 3px double" valign="bottom">&nbsp;</td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>
                </tr>
            </table>

            <p><font face="Times New Roman, Times, Serif" size="2">*Indicates Party-in-interest to the Plan.<br>
            <br>
            Column (d) is not applicable as all investments are participant directed.</font></p>

            <p align="right"><font face="Times New Roman, Times, Serif" size="2">13</font></p>
            <hr align="center" width="100%" noshade size="5">
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23
<SEQUENCE>2
<FILENAME>d77273_ex23.htm
<DESCRIPTION>CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
<TEXT>
<html>
    <head>
        <title></title>
    </head>

    <body>
        <div style="WIDTH: 600px">
            <p align="center"><font face="Times New Roman, Times, Serif" size="2">CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</font></p>

            <p><font face="Times New Roman, Times, Serif" size="2">BOK Financial 401(k) Plan<br>
            (formerly, the BOK Financial Thrift Plan for Salaried Employees)<br>
            Tulsa, Oklahoma</font></p>

            <p align="justify"><font face="Times New Roman, Times, Serif" size="2">We consent to the incorporation by reference in the Registration Statements outlined below pertaining to the BOK Financial 401(k) Plan (formerly, the BOK Financial Thrift Plan for Salaried Employees) of our report dated June 29, 2009, with respect to the financial statements and schedule of the BOK Financial 401(k) Plan appearing on this Form 11-K for the year ended December&nbsp;31, 2008. Tullius Taylor Sartain
            &amp; Sartain LLP audited the financial statements of BOK Financial 401(k) Plan as of December 31, 2007, and merged with Hogan &amp; Slovacek P.C. to form HoganTaylor LLP effective January 7, 2009.</font></p>

            <table cellspacing="0" cellpadding="0" width="100%" align="center" border="0">
                <tr style="FONT-SIZE: 1px">
                    <td valign="top" width="5%">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top" width="5%">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top" width="90%">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p><font face="Times New Roman, Times, Serif" size="2">&bull;</font></p>
                    </td>

                    <td valign="top">
                        <p align="justify"><font face="Times New Roman, Times, Serif" size="2">Registration Statement (Form S-8, No. 33-44121) pertaining to the Reoffer Prospectus of the Bank of Oklahoma Master Thrift Plan and Trust Agreement.</font></p>
                    </td>
                </tr>

                <tr>
                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p><font face="Times New Roman, Times, Serif" size="2">&bull;</font></p>
                    </td>

                    <td valign="top">
                        <p align="justify"><font face="Times New Roman, Times, Serif" size="2">Registration Statement (Form S-8, No. 33-79836) pertaining to the Reoffer Prospectus of the BOK Financial Corporation Directors&rsquo; Stock Compensation Plan.</font></p>
                    </td>
                </tr>

                <tr>
                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p><font face="Times New Roman, Times, Serif" size="2">&bull;</font></p>
                    </td>

                    <td valign="top">
                        <p align="justify"><font face="Times New Roman, Times, Serif" size="2">Registration Statement (Form S-8, No. 33-79834) pertaining to the Reoffer Prospectus of the BOK Financial Corporation 1994 Stock Option Plan.</font></p>
                    </td>
                </tr>

                <tr>
                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p><font face="Times New Roman, Times, Serif" size="2">&bull;</font></p>
                    </td>

                    <td valign="top">
                        <p align="justify"><font face="Times New Roman, Times, Serif" size="2">Registration Statement (Form S-8, No. 333-32649) pertaining to the Reoffer Prospectus of the BOK Financial Corporation 1997 Special Stock Option Plan.</font></p>
                    </td>
                </tr>

                <tr>
                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p><font face="Times New Roman, Times, Serif" size="2">&bull;</font></p>
                    </td>

                    <td valign="top">
                        <p align="justify"><font face="Times New Roman, Times, Serif" size="2">Registration Statement (Form S-8, No. 333-93957) pertaining to the Reoffer Prospectus of the BOK Financial Corporation 2000 Special Stock Option Plan.</font></p>
                    </td>
                </tr>

                <tr>
                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p><font face="Times New Roman, Times, Serif" size="2">&bull;</font></p>
                    </td>

                    <td valign="top">
                        <p align="justify"><font face="Times New Roman, Times, Serif" size="2">Registration Statement (Form S-8, No. 33-40280) pertaining to the Reoffer Prospectus of the BOK Financial Corporation Thrift Plan for Hourly Employees.</font></p>
                    </td>
                </tr>

                <tr>
                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p><font face="Times New Roman, Times, Serif" size="2">&bull;</font></p>
                    </td>

                    <td valign="top">
                        <p align="justify"><font face="Times New Roman, Times, Serif" size="2">Registration Statement (Form S-8, No. 333-62578) pertaining to the Reoffer Prospectus of the BOK Financial Corporation 2001 Special Stock Option Plan.</font></p>
                    </td>
                </tr>

                <tr>
                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p><font face="Times New Roman, Times, Serif" size="2">&bull;</font></p>
                    </td>

                    <td valign="top">
                        <p align="justify"><font face="Times New Roman, Times, Serif" size="2">Registration Statement (Form S-8, No. 333-106530) pertaining to the Reoffer Prospectus of the BOK Financial Corporation 2003 Executive Incentive Plan.</font></p>
                    </td>
                </tr>

                <tr>
                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p><font face="Times New Roman, Times, Serif" size="2">&bull;</font></p>
                    </td>

                    <td valign="top">
                        <p align="justify"><font face="Times New Roman, Times, Serif" size="2">Registration Statement (Form S-8, No. 333-106531) pertaining to the Reoffer Prospectus of the BOK Financial Corporation 2003 Stock Option Plan.</font></p>
                    </td>
                </tr>

                <tr>
                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>
                </tr>

                <tr>
                    <td valign="top">
                        <p>&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p><font face="Times New Roman, Times, Serif" size="2">&bull;</font></p>
                    </td>

                    <td valign="top">
                        <p align="justify"><font face="Times New Roman, Times, Serif" size="2">Registration Statement (Form S-8, No. 333-135224) pertaining to the Reoffer Prospectus of the BOK Financial Corporation 2003 Stock Option Plan.</font></p>
                    </td>
                </tr>
            </table>

            <p align="center"><font face="Times New Roman, Times, Serif" size="2">\s\ HOGANTAYLOR LLP</font></p>

            <p><font face="Times New Roman, Times, Serif" size="2">Tulsa, Oklahoma<br>
            June 29, 2009</font></p>
            <hr align="center" width="100%" noshade size="5">
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</TEXT>
</DOCUMENT>
</SUBMISSION>
