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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000821130-09-000034.txt : 20091105
<SEC-HEADER>0000821130-09-000034.hdr.sgml : 20091105
<ACCEPTANCE-DATETIME>20091105134800
ACCESSION NUMBER:		0000821130-09-000034
CONFORMED SUBMISSION TYPE:	10-Q
PUBLIC DOCUMENT COUNT:		6
CONFORMED PERIOD OF REPORT:	20090930
FILED AS OF DATE:		20091105
DATE AS OF CHANGE:		20091105

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			UNITED STATES CELLULAR CORP
		CENTRAL INDEX KEY:			0000821130
		STANDARD INDUSTRIAL CLASSIFICATION:	RADIO TELEPHONE COMMUNICATIONS [4812]
		IRS NUMBER:				621147325
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		10-Q
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-09712
		FILM NUMBER:		091160594

	BUSINESS ADDRESS:	
		STREET 1:		8410 W BRYN MAWR AVE
		STREET 2:		STE 700
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60631
		BUSINESS PHONE:		7733998900

	MAIL ADDRESS:	
		STREET 1:		8410 W BRYN MAWR AVE
		STREET 2:		STE 700
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60631
</SEC-HEADER>
<DOCUMENT>
<TYPE>10-Q
<SEQUENCE>1
<FILENAME>form10_q.htm
<DESCRIPTION>10-Q
<TEXT>

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   <TITLE>form10_q.htm - Generated by SEC Publisher for SEC Filing</TITLE>
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<A href="#page_2">Table of Contents</A></FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT lang=EN-US style="FONT-SIZE: 18pt; LAYOUT-GRID-MODE: line" face="Times New Roman"></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT lang=EN-US style="FONT-SIZE: 18pt; LAYOUT-GRID-MODE: line" face="Times New Roman">UNITED STATES</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT lang=EN-US style="FONT-SIZE: 18pt; LAYOUT-GRID-MODE: line" face="Times New Roman">SECURITIES AND EXCHANGE COMMISSION</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman">Washington, D.C. 20549</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT lang=EN-US style="FONT-SIZE: 18pt; LAYOUT-GRID-MODE: line" face="Times New Roman">FORM 10-Q</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: line" face=Arial></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.5in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face=Wingdings>x</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face=Arial>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line" face="Times New Roman">QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934<BR>
<BR>
</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 150%; TEXT-ALIGN: center" align=center><FONT style="LINE-HEIGHT: 150%" face="Times New Roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman">For the quarterly period ended</FONT></B></FONT><FONT style="LINE-HEIGHT: 150%" face="Times New Roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman"> </FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman">September 30, 2009</FONT></B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman"> </FONT></U></FONT></P>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 150%; TEXT-ALIGN: center" align=center><FONT style="LINE-HEIGHT: 150%" face="Times New Roman"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman">OR</FONT></B></FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.5in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face=Wingdings>&#168;</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face=Symbol>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><B><FONT lang=EN-US style="FONT-SIZE: 12pt; LAYOUT-GRID-MODE: line" face="Times New Roman">TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</FONT></B></P>
<P style="MARGIN: 6pt 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman">For the transition period from&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; to</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; PAGE-BREAK-AFTER: auto; TEXT-ALIGN: center"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman"><BR>
Commission File Number 1-9712</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; PAGE-BREAK-AFTER: auto; TEXT-ALIGN: center"><B><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: line" face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center"><B><FONT lang=EN-US style="FONT-SIZE: 18pt; LAYOUT-GRID-MODE: line" face="Times New Roman">UNITED STATES CELLULAR CORPORATION<BR>
</FONT></B><FONT lang=EN-US style="FONT-WEIGHT: normal; FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman">(Exact name of registrant as specified in its charter)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black>Delaware</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black>62-1147325</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black>(State or other jurisdiction of</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black>incorporation or organization)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black>(I.R.S. Employer Identification No.)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black>8410 West Bryn Mawr, Suite 700, Chicago, Illinois&nbsp; 60631</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black>(Address of principal executive offices)&nbsp; (Zip Code)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: char" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">Registrant's telephone number, including area code: </FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">(773) 399-8900</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: char" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.&nbsp; Yes <FONT face=Wingdings><FONT face=Wingdings>x</FONT></FONT>&nbsp; No <FONT face=Wingdings>&#168;</FONT></FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman"> </FONT></U></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><U><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: char" face="Times New Roman"></FONT></U>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).&nbsp; Yes</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face=Arial> <FONT face=Wingdings>&#168;</FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face=Arial>&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">No </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face=Arial><FONT face=Wingdings>&#168;</FONT></FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face=Arial> </FONT></U></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 6pt; LAYOUT-GRID-MODE: char" face=Arial></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company.&nbsp; See the definitions of &#147;large accelerated filer,&#148; &#147;accelerated filer&#148; and &#147;smaller reporting company&#148; in Rule&nbsp;12b&#8209;2 of the Exchange Act.</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">Large accelerated filer</FONT><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face=Arial>&nbsp; <FONT face=Wingdings>x</FONT></FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face=Arial></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">Accelerated filer</FONT><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face=Arial>&nbsp; </FONT><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face=Wingdings>&#168;</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face=Arial></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face=Arial></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face=Arial></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">Non-accelerated filer</FONT><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face=Arial>&nbsp; </FONT><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face=Wingdings>&#168;</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">(Do not check if a smaller reporting company)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face=Arial></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">Smaller reporting company</FONT><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face=Arial>&nbsp; </FONT><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face=Wingdings>&#168;</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).&nbsp; Yes</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face=Arial> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face=Wingdings>&#168;</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face=Arial>&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">No</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face=Arial> <FONT face=Wingdings>x</FONT></FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman"></FONT></U>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date.</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black>Class</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black></FONT></B>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black>Outstanding at September 30, 2009</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black>Common Shares, $1 par value</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black>53,737,102 Shares</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black>Series A Common Shares, $1 par value</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black>33,005,877 Shares</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 12.75pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Table of Contents</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black>United States Cellular Corporation</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black>Quarterly Report on Form 10-Q</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black>For the Period Ended September 30, 2009</FONT></U></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><U><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black>Index</FONT></U></B></P>
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<P style="MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#000000><B>Page No.</B></FONT></P>
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<A href="#page_3">Part I</A>.</FONT></P>
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<A href="#page_3">Financial Information</A></FONT></P>
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<A href="#page_3">Item 1</A>.</FONT></P>
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<A href="#page_3">Financial Statements (Unaudited</A>)</FONT></P>
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<A href="#page_3">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#0000ff>Consolidated Statement of Operations</FONT></P>
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<A href="#page_3">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#0000ff>Three and Nine Months Ended September 30, 2009 and 2008</FONT></P>
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<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#000000>3</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#0000ff>Nine Months Ended September 30, 2009 and 2008</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT color=#0000ff></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT color=#0000ff></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT color=#0000ff></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt" align=right>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black></FONT>&nbsp;</P>
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<A href="#page_5">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#0000ff>Consolidated Balance Sheet</FONT></P>
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<P style="MARGIN: 0in 0in 0pt" align=right>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#000000></FONT>&nbsp;</P>
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     <TD style="BACKGROUND: white; HEIGHT: 12.75pt" vAlign=bottom width="5%"></TD>
     <TD style="BACKGROUND: white; HEIGHT: 12.75pt" vAlign=bottom width="70%" colSpan=5>
<A href="#page_5">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#0000ff>September 30, 2009 and December 31, 2008</FONT></P>
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     <TD style="BACKGROUND: white; HEIGHT: 12.75pt" vAlign=bottom align=right width="10%">
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#000000>5</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT color=#0000ff></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT color=#0000ff></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT color=#0000ff></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT color=#0000ff></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT color=#0000ff></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT color=#0000ff></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt" align=right>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#000000></FONT>&nbsp;</P>
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<A href="#page_7">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#0000ff>Consolidated Statement of Changes in Equity</FONT></P>
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<P style="MARGIN: 0in 0in 0pt" align=right>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#000000></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
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     <TD style="BACKGROUND: white; HEIGHT: 12.75pt" vAlign=bottom width="70%" colSpan=5>
<A href="#page_7">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#0000ff>Nine Months Ended September 30, 2009 and 2008</FONT></P>
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<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#000000>7</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#000000></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT color=#0000ff></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT color=#0000ff></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT color=#0000ff></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT color=#0000ff></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt" align=right>&nbsp;</P>
</TD></TR>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#000000></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#0000ff>
<A href="#page_9">Notes to Consolidated Financial <U>Statement</U></A><U>s</U></FONT></P>
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<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#000000>9</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#000000></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT color=#0000ff></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT color=#0000ff></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT color=#0000ff></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT color=#0000ff></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT color=#0000ff></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT color=#0000ff></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt" align=right>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#000000>
<A href="#page_22">Item 2</A>.</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#0000ff>
<A href="#page_22">Management&#146;s Discussion and Analysis of Financial</A></FONT></P>
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     <TD style="BACKGROUND: white; HEIGHT: 12.75pt" vAlign=bottom align=right width="10%">
<P style="MARGIN: 0in 0in 0pt" align=right>&nbsp;</P>
</TD></TR>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#000000></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#0000ff>&nbsp;
<A href="#page_22">Condition and Results of Operations</A></FONT></P>
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     <TD style="BACKGROUND: white; HEIGHT: 12.75pt" vAlign=bottom align=right width="10%">
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#000000>22</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#000000></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT color=#0000ff></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT color=#0000ff></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 7.5pt" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt"><FONT color=#0000ff></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 7.5pt" vAlign=bottom width="30%">
<P style="MARGIN: 0in 0in 0pt"><FONT color=#0000ff></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 7.5pt" vAlign=bottom width="25%">
<P style="MARGIN: 0in 0in 0pt"><FONT color=#0000ff></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT color=#0000ff></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 7.5pt" vAlign=bottom align=right width="10%">
<P style="MARGIN: 0in 0in 0pt" align=right>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="BACKGROUND: white; HEIGHT: 12.75pt" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#000000></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 12.75pt" vAlign=bottom width="75%" colSpan=6>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#0000ff>
<A href="#page_22">Overview</A></FONT></P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 12.75pt" vAlign=bottom align=right width="10%">
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#000000>22 </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#000000></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 12.75pt" vAlign=bottom width="15%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#0000ff>
<A href="#page_25">Results of Operations</A></FONT></P>
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     <TD style="BACKGROUND: white; HEIGHT: 12.75pt" vAlign=bottom width="30%">
<P style="MARGIN: 0in 0in 0pt"><FONT color=#0000ff></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT color=#0000ff></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT color=#0000ff></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 12.75pt" vAlign=bottom align=right width="10%">
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#000000>25</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="BACKGROUND: white; HEIGHT: 12.75pt" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 12.75pt" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#000000></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 12.75pt" vAlign=bottom width="75%" colSpan=6>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#0000ff>
<A href="#page_34">Recent Accounting Pronouncements</A></FONT></P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 12.75pt" vAlign=bottom align=right width="10%">
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#000000>34</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="BACKGROUND: white; HEIGHT: 12.75pt" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 12.75pt" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#000000></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 12.75pt" vAlign=bottom width="75%" colSpan=6>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#0000ff>
<A href="#page_35">Financial Resources</A></FONT></P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 12.75pt" vAlign=bottom align=right width="10%">
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#000000>35</FONT></P>
</TD></TR>
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     <TD style="BACKGROUND: white; HEIGHT: 12.75pt" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 12.75pt" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#000000></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 12.75pt" vAlign=bottom width="75%" colSpan=6>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#0000ff>
<A href="#page_36">Liquidity and Capital Resources</A></FONT></P>
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     <TD style="BACKGROUND: white; HEIGHT: 12.75pt" vAlign=bottom align=right width="10%">
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#000000>36</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="BACKGROUND: white; HEIGHT: 12.75pt" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 12.75pt" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#000000></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 12.75pt" vAlign=bottom width="75%" colSpan=6>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#0000ff>
<A href="#page_40">Application of Critical Accounting Policies and Estimates</A></FONT></P>
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     <TD style="BACKGROUND: white; HEIGHT: 12.75pt" vAlign=bottom align=right width="10%">
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#000000>40</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="BACKGROUND: white; HEIGHT: 12.75pt" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 12.75pt" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#000000></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 12.75pt" vAlign=bottom width="75%" colSpan=6>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#0000ff>
<A href="#page_41">Safe Harbor Cautionary Statement</A></FONT></P>
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<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#000000>41</FONT></P>
</TD></TR>
<TR style="HEIGHT: 7.5pt">
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#000000></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT color=#0000ff></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT color=#0000ff></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT color=#0000ff></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT color=#0000ff></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT color=#0000ff></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 7.5pt" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt"><FONT color=#0000ff></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 7.5pt" vAlign=bottom align=right width="10%">
<P style="MARGIN: 0in 0in 0pt" align=right>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#000000>
<A href="#page_45">Item 3</A>.</FONT></P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 12.75pt" vAlign=bottom width="75%" colSpan=6>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#0000ff>
<A href="#page_45">Quantitative and Qualitative Disclosures About Market Risk</A></FONT></P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 12.75pt" vAlign=bottom align=right width="10%">
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#000000>45</FONT></P>
</TD></TR>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#000000></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT color=#0000ff></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT color=#0000ff></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT color=#0000ff></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT color=#0000ff></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT color=#0000ff></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT color=#0000ff></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 7.5pt" vAlign=bottom align=right width="10%">
<P style="MARGIN: 0in 0in 0pt" align=right>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="BACKGROUND: white; HEIGHT: 12.75pt" vAlign=bottom width="5%"></TD>
     <TD style="BACKGROUND: white; HEIGHT: 12.75pt" vAlign=bottom width="10%">
<A href="#page_46">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#0000ff>Item 4.</FONT></P>
</A></TD>
     <TD style="BACKGROUND: white; HEIGHT: 12.75pt" vAlign=bottom width="75%" colSpan=6>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#0000ff>
<A href="#page_46">Controls and Procedures</A></FONT></P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 12.75pt" vAlign=bottom align=right width="10%">
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#000000>46</FONT></P>
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<TR style="HEIGHT: 12.75pt">
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#000000></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#000000></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#000000></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#000000></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#000000></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#000000></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#000000></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 12.75pt" vAlign=bottom align=right width="10%">
<P style="MARGIN: 0in 0in 0pt" align=right>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="BACKGROUND: white; HEIGHT: 12.75pt" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black>
<A href="#page_47">Part II</A>.</FONT></P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 12.75pt" vAlign=bottom width="85%" colSpan=7>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#000000>
<A href="#page_47">Other Information</A></FONT></P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 12.75pt" vAlign=bottom align=right width="10%">
<P style="MARGIN: 0in 0in 0pt" align=right>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 7.5pt">
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#000000></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#000000></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#000000></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#000000></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#000000></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#000000></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#000000></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 7.5pt" vAlign=bottom align=right width="10%">
<P style="MARGIN: 0in 0in 0pt" align=right>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="BACKGROUND: white; HEIGHT: 12.75pt" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 12.75pt" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#000000>
<A href="#page_47">Item 1</A>.</FONT></P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 12.75pt" vAlign=bottom width="75%" colSpan=6>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#0000ff>
<A href="#page_47">Legal Proceedings</A></FONT></P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 12.75pt" vAlign=bottom align=right width="10%">
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#000000>47</FONT></P>
</TD></TR>
<TR style="HEIGHT: 7.5pt">
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#000000></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT color=#0000ff></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT color=#0000ff></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT color=#0000ff></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT color=#0000ff></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 7.5pt" vAlign=bottom width="25%">
<P style="MARGIN: 0in 0in 0pt"><FONT color=#0000ff></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT color=#0000ff></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 7.5pt" vAlign=bottom align=right width="10%">
<P style="MARGIN: 0in 0in 0pt" align=right>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="BACKGROUND: white; HEIGHT: 12.75pt" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 12.75pt" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black>
<A href="#page_47">Item 1A</A>.</FONT></P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 12.75pt" vAlign=bottom width="75%" colSpan=6>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#0000ff>
<A href="#page_47">Risk Factors</A></FONT></P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 12.75pt" vAlign=bottom align=right width="10%">
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#000000>47</FONT></P>
</TD></TR>
<TR style="HEIGHT: 7.5pt">
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 7.5pt" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT color=#0000ff></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT color=#0000ff></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT color=#0000ff></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 7.5pt" vAlign=bottom width="30%">
<P style="MARGIN: 0in 0in 0pt"><FONT color=#0000ff></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 7.5pt" vAlign=bottom width="25%">
<P style="MARGIN: 0in 0in 0pt"><FONT color=#0000ff></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT color=#0000ff></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 7.5pt" vAlign=bottom align=right width="10%">
<P style="MARGIN: 0in 0in 0pt" align=right>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="BACKGROUND: white; HEIGHT: 12.75pt" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 12.75pt" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black>
<A href="#page_48">Item 2</A>.</FONT></P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 12.75pt" vAlign=bottom width="75%" colSpan=6>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#0000ff>
<A href="#page_48">Unregistered Sales of Equity Securities and Use of Proceeds</A></FONT></P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 12.75pt" vAlign=bottom align=right width="10%">
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#000000>48</FONT></P>
</TD></TR>
<TR style="HEIGHT: 7.5pt">
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT color=#0000ff></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 7.5pt" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt"><FONT color=#0000ff></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 7.5pt" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt"><FONT color=#0000ff></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 7.5pt" vAlign=bottom width="30%">
<P style="MARGIN: 0in 0in 0pt"><FONT color=#0000ff></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 7.5pt" vAlign=bottom width="25%">
<P style="MARGIN: 0in 0in 0pt"><FONT color=#0000ff></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 7.5pt" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt"><FONT color=#0000ff></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 7.5pt" vAlign=bottom align=right width="10%">
<P style="MARGIN: 0in 0in 0pt" align=right>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="BACKGROUND: white; HEIGHT: 12.75pt" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 12.75pt" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black>
<A href="#page_49">Item 5</A>.</FONT></P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 12.75pt" vAlign=bottom width="75%" colSpan=6>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#0000ff>
<A href="#page_49">Other Information</A></FONT></P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 12.75pt" vAlign=bottom align=right width="10%">
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#000000>49</FONT></P>
</TD></TR>
<TR style="HEIGHT: 7.5pt">
     <TD style="BACKGROUND: white; HEIGHT: 7.5pt" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT color=#0000ff></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 7.5pt" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt"><FONT color=#0000ff></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 7.5pt" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt"><FONT color=#0000ff></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 7.5pt" vAlign=bottom width="30%">
<P style="MARGIN: 0in 0in 0pt"><FONT color=#0000ff></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 7.5pt" vAlign=bottom width="25%">
<P style="MARGIN: 0in 0in 0pt"><FONT color=#0000ff></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 7.5pt" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt"><FONT color=#0000ff></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 7.5pt" vAlign=bottom align=right width="10%">
<P style="MARGIN: 0in 0in 0pt" align=right>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="BACKGROUND: white; HEIGHT: 12.75pt" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 12.75pt" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black>
<A href="#page_50">Item 6</A>.</FONT></P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 12.75pt" vAlign=bottom width="75%" colSpan=6>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#0000ff>
<A href="#page_50">Exhibits</A></FONT></P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 12.75pt" vAlign=bottom align=right width="10%">
<P style="MARGIN: 0in 0in 0pt" align=right><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=#000000>50</FONT></P>
</TD></TR>
<TR style="HEIGHT: 7.5pt">
     <TD style="BACKGROUND: white; HEIGHT: 7.5pt" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 7.5pt" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 7.5pt" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 7.5pt" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 7.5pt" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 7.5pt" vAlign=bottom width="30%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 7.5pt" vAlign=bottom width="25%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 7.5pt" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: white; HEIGHT: 7.5pt" vAlign=bottom align=right width="10%">
<P style="MARGIN: 0in 0in 0pt" align=right>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="BACKGROUND: white; HEIGHT: 12.75pt" vAlign=bottom width="15%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black>
<A href="#page_51">Signatures</A></FONT></P>
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<A name="page_3"></A>&nbsp;
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<A href="#page_2">Table of Contents</A></FONT></DIV>
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<P style="MARGIN: 0in 0in 0pt"><B><U><FONT face="Times New Roman" color=black size=2>Part I.&nbsp; Financial Information</FONT></U></B></P>
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<P style="MARGIN: 0in 0in 0pt"><B><U><FONT face="Times New Roman" color=black size=2>Item 1.&nbsp; Financial Statements</FONT></U></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>United States Cellular Corporation </FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><U><FONT face="Times New Roman" color=black size=2>Consolidated Statement of Operations</FONT></U></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><U><FONT face="Times New Roman" color=black size=2>(Unaudited)</FONT></U></B></P>
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     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="44%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="23%" colSpan=6>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>Three Months Ended<BR>
September 30,</FONT></B></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="23%" colSpan=6>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>Nine Months Ended<BR>
September 30,</FONT></B></P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="44%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="10%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>2009&nbsp;</FONT></B></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="10%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>2008&nbsp;</FONT></B></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="10%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>2009&nbsp;</FONT></B></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="10%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>2008&nbsp;</FONT></B></P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 11.4pt">
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 11.4pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 11.4pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 11.4pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 11.4pt" vAlign=bottom width="44%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 11.4pt" vAlign=bottom width="49%" colSpan=14>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>(Dollars and shares in thousands, except per share amounts)</FONT></B></P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 11.25pt" vAlign=bottom width="50%" colSpan=4>
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=#000000 size=2>Operating revenues</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 11.25pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 11.25pt" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 11.25pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 11.25pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 11.25pt" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 11.25pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 11.25pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 11.25pt" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 11.25pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 11.25pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 11.25pt" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR height=20>
     <TD vAlign=bottom width="2%"></TD>
     <TD vAlign=bottom width="48%" colSpan=3><FONT face="Times New Roman" size=2>Service</FONT></TD>
     <TD vAlign=bottom width="2%"><FONT face="Times New Roman" size=2>$</FONT></TD>
     <TD vAlign=bottom align=right width="8%"><FONT face="Times New Roman" size=2>984,923</FONT></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="2%"></TD>
     <TD vAlign=bottom width="2%"><FONT face="Times New Roman" size=2>$</FONT></TD>
     <TD vAlign=bottom align=right width="8%"><FONT face="Times New Roman" size=2>1,013,928</FONT></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="2%"></TD>
     <TD vAlign=bottom align=left width="2%"><FONT face="Times New Roman" size=2>$</FONT></TD>
     <TD vAlign=bottom align=right width="8%"><FONT face="Times New Roman" size=2>2,941,552</FONT></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="2%"></TD>
     <TD vAlign=bottom width="2%"><FONT face="Times New Roman" size=2>$</FONT></TD>
     <TD vAlign=bottom align=right width="8%"><FONT face="Times New Roman" size=2>2,963,374</FONT></TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="48%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Equipment sales</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;73,377</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in; BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;77,947</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in; BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;212,062</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in; BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;226,949</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="46%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Total operating revenues</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;1,058,300</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;1,091,875</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;3,153,614</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;3,190,323</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="44%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="TEXT-INDENT: 0in; BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="TEXT-INDENT: 0in; BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="TEXT-INDENT: 0in; BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="50%" colSpan=4>
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=#000000 size=2>Operating expenses</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="TEXT-INDENT: 0in" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="TEXT-INDENT: 0in" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="TEXT-INDENT: 0in" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="48%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"></P>
<FONT face="Times New Roman" color=#000000 size=2>
<P style="MARGIN: 0in 0in 0pt 0.15in; TEXT-INDENT: -0.15in">System operations (excluding Depreciation, amortization and accretion reported below) </P>
</FONT></TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;205,458</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in; BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;197,473</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in; BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;600,267</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in; BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;585,141</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="48%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Cost of equipment sold</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;189,354</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;185,992</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>531,110 </FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;540,182</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="48%" colSpan=3>
<P style="MARGIN-LEFT: 0.15in; TEXT-INDENT: -0.1in"></P>
<FONT face="Times New Roman" color=#000000 size=2>
<P style="MARGIN-LEFT: 0.15in; TEXT-INDENT: -0.15in">Selling, general and administrative <BR>
(including charges from affiliates of $27.7 million and $30.7 million, respectively, for the three months and $82.6 million and $85.6 million, respectively, for the nine months)</P>
</FONT></TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;454,839</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in; BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;436,135</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in; BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;1,277,357</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in; BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;1,258,177</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="48%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Depreciation, amortization and accretion</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;147,586</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;145,434</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;423,851</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;433,222</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="48%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Loss on asset disposals, net</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;3,371</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in; BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;6,884</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in; BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;7,648</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in; BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;16,776</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="46%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Total operating expenses</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;1,000,608</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;971,918</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;2,840,233</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;2,833,498</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="44%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="TEXT-INDENT: 0in; BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="TEXT-INDENT: 0in; BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="TEXT-INDENT: 0in; BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="50%" colSpan=4>
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=#000000 size=2>Operating income</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;57,692</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;119,957</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;313,381</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;356,825</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="44%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="TEXT-INDENT: 0in; BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="TEXT-INDENT: 0in; BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="TEXT-INDENT: 0in; BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="50%" colSpan=4>
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=#000000 size=2>Investment and other income (expense)</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="TEXT-INDENT: 0in" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="TEXT-INDENT: 0in" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="TEXT-INDENT: 0in" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="48%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Equity in earnings of unconsolidated entities</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;23,126</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in; BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;22,319</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in; BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;73,247</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in; BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;66,361</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="48%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Interest and dividend income</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;1,420</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;1,137</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;2,648</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;4,471</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="48%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Gain on disposition of investments</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in; BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;16,628</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in; BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in; BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;16,628</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="48%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Interest expense</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(19,358</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(19,722</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(57,767</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(60,611</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
<TR>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="48%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Other, net</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;905</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in; BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;391</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in; BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;1,183</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in; BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;1,109</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="46%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Total investment and other income (expense)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;6,093</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;20,753</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;19,311</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;27,958</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="44%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="TEXT-INDENT: 0in; BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="TEXT-INDENT: 0in; BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="TEXT-INDENT: 0in; BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="50%" colSpan=4>
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=#000000 size=2>Income before income taxes </FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;63,785</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;140,710</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;332,692</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;384,783</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="48%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Income tax expense</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;22,541</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in; BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;45,506</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in; BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;111,521</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in; BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;137,062</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="44%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="TEXT-INDENT: 0in" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="TEXT-INDENT: 0in" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="TEXT-INDENT: 0in" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="50%" colSpan=4>
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=#000000 size=2>Net income</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;41,244</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in; BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;95,204</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in; BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;221,171</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in; BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;247,721</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="48%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt 0.15in; TEXT-INDENT: -0.15in"><FONT face="Times New Roman" color=#000000 size=2>&nbsp;Less: Net income attributable to noncontrolling interests, net of tax</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(5,606</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(5,255</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(17,583</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(14,613)</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="50%" colSpan=4>
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=#000000 size=2>Net income attributable to U.S. Cellular</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;35,638</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in; BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;89,949</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in; BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom align=left width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=right><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;203,588</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in; BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom align=left width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=right><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;233,108&nbsp;</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="44%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="TEXT-INDENT: 0in" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="TEXT-INDENT: 0in" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="TEXT-INDENT: 0in" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="50%" colSpan=4>
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=#000000 size=2>Basic weighted average shares outstanding </FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;86,848</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in; BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;87,460</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in; BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;87,011</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in; BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;87,534&nbsp;</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="50%" colSpan=4>
<P style="MARGIN: 0in 0in 0pt 0.15in; TEXT-INDENT: -0.15in"><B><FONT face="Times New Roman" color=#000000 size=2>Basic earnings per share attributable to U.S. Cellular shareholders</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 2.25pt double; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BORDER-BOTTOM: black 2.25pt double; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>0.41</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BORDER-BOTTOM: black 2.25pt double; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BORDER-BOTTOM: black 2.25pt double; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>1.03</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BORDER-BOTTOM: black 2.25pt double; BACKGROUND-REPEAT: repeat" vAlign=bottom align=left width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=right><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BORDER-BOTTOM: black 2.25pt double; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;2.34</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BORDER-BOTTOM: black 2.25pt double; BACKGROUND-REPEAT: repeat" vAlign=bottom align=left width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=right><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BORDER-BOTTOM: black 2.25pt double; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>2.66&nbsp;</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="44%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="TEXT-INDENT: 0in; BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="TEXT-INDENT: 0in; BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="TEXT-INDENT: 0in; BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="50%" colSpan=4>
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=#000000 size=2>Diluted weighted average shares outstanding </FONT></B></P>
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     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;87,128</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;87,833</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;87,216</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; TEXT-INDENT: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;87,908</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="50%" colSpan=4>
<P style="MARGIN: 0in 0in 0pt 0.15in; TEXT-INDENT: -0.15in"><B><FONT face="Times New Roman" color=#000000 size=2>Diluted earnings per share attributable to U.S. Cellular &nbsp;shareholders</FONT></B></P>
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     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>0.41</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in; BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>1.02</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in; BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom align=left width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=right><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;2.33</FONT></P>
</TD>
     <TD style="TEXT-INDENT: 0in; BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom align=left width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=right><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; TEXT-INDENT: 0in; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>2.65</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR></TABLE></DIV>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 12.75pt">
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman" color=black size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman" color=black size=2>The accompanying notes are an integral part of these consolidated financial statements.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman" color=black size=2>3</FONT></P>
</TD></TR></TABLE></DIV>
<DIV align=left>&nbsp;</DIV>
<DIV align=left>
<HR width="100%" color=#000000 SIZE=3>
</DIV>
<DIV align=left>
<DIV style="PAGE-BREAK-BEFORE: always"></DIV>&nbsp;</DIV>
<P>
<A name="page_4"></A></P>
<P><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman">
<A href="#page_2">Table of Contents</A></FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>United States Cellular Corporation </FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
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     <TD vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 12.75pt">
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><U><FONT face="Times New Roman" color=black size=2>Consolidated Statement of Cash Flows </FONT></U></B></P>
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     <TD vAlign=bottom width="1%"></TD></TR>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><U><FONT face="Times New Roman" color=black size=2>(Unaudited)</FONT></U></B></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>Nine Months Ended<BR>
September 30,</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat; HEIGHT: 11.25pt" vAlign=bottom width="10%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>2009&nbsp;</FONT></B></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 11.25pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-REPEAT: repeat; HEIGHT: 11.25pt" vAlign=bottom width="10%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>2008&nbsp;</FONT></B></P>
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     <TD vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 11.25pt" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 11.25pt" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 11.25pt" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 11.25pt" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 11.25pt" vAlign=bottom width="68%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 11.25pt" vAlign=bottom width="23%" colSpan=6>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>(Dollars in thousands)</FONT></B></P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="76%" colSpan=5>
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=black size=2>Cash flows from operating activities</FONT></B></P>
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     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="75%" colSpan=4>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Net income </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom align=left width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=right><FONT face="Times New Roman" color=black size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;221,171</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom align=left width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=right><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;247,721</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="75%" colSpan=4>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Add (deduct) adjustments to reconcile net income to net cash flows from operating activities</FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="71%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Depreciation, amortization and accretion</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;423,851</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;433,222</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="71%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Bad debts expense</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;73,100</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;52,753</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="71%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Stock-based compensation expense</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;13,000</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;11,293</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="71%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Deferred income taxes, net</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;44,429</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;44,486</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="71%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Equity in earnings of unconsolidated entities</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(73,247</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(66,361</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="71%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Distributions from unconsolidated entities</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;51,306</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;50,859</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="71%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Gain on disposition of investments</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&#151;&nbsp;</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(16,628</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="71%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Loss on asset disposals, net</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;7,648</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;16,776</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="71%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Excess tax benefit from stock awards</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(4</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(1,018</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="71%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Other noncash expense</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;1,828</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;1,539</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="75%" colSpan=4>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Changes in assets and liabilities from operations</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="71%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Accounts receivable</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(101,263</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(71,551</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="71%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Inventory</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(4,509</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(11,552</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="71%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Accounts payable - trade</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(13,432</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;11,383</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="71%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Accounts payable - affiliate</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(980</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;134</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="71%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Customer deposits and deferred revenues</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(4,858</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;9,534</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="71%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Accrued taxes</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;58,139</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(1,724</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="71%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Accrued interest</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;9,787</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;9,787</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="71%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Other assets and liabilities</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(68,272</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 1px; BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(24,073</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 1px; BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="68%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;637,694</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;696,580</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="68%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="76%" colSpan=5>
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=black size=2>Cash flows from investing activities</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="75%" colSpan=4>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Additions to property, plant and equipment</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(357,770</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(395,637</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="75%" colSpan=4>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Proceeds from disposition of investments</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;16,690</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="75%" colSpan=4>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Cash received from divestitures</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;50</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;6,838</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="75%" colSpan=4>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Cash paid for acquisitions and licenses</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(12,527</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(314,730</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="75%" colSpan=4>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Other investing activities</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;1,357</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(1,255</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 1px; BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="68%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(368,890</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 1px" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(688,094</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 1px" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="68%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="76%" colSpan=5>
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=black size=2>Cash flows from financing activities</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="75%" colSpan=4>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Issuance of notes payable</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;100,000</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="75%" colSpan=4>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Repayment of notes payable</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(100,000</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="75%" colSpan=4>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Common shares reissued for benefit plans, net of tax payments</FONT></P>
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     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(119</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(1,286</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="75%" colSpan=4>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Common shares repurchased</FONT></P>
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     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(24,283</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(23,146</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="75%" colSpan=4>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Excess tax benefit from stock awards</FONT></P>
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     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;4</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;1,018</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="75%" colSpan=4>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Payment of debt issuance costs</FONT></P>
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     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(4,416</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="75%" colSpan=4>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Distributions to noncontrolling interests</FONT></P>
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     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(5,856</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(9,146</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="75%" colSpan=4>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Other financing activities</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(236</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 1px" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(2,851</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 1px" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="68%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(34,906</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(35,411</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 1px; BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="68%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="76%" colSpan=5>
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=black size=2>Net increase (decrease) in cash and cash equivalents</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;233,898</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(26,925</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
<TR style="HEIGHT: 11.25pt">
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<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="68%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="76%" colSpan=5>
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=black size=2>Cash and cash equivalents</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="75%" colSpan=4>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Beginning of period</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;170,996</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;204,533</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="75%" colSpan=4>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>End of period</FONT></P>
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     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom align=left width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=right><FONT face="Times New Roman" color=black size=2>$</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom align=right width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>&nbsp;404,894</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom align=left width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=right><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom align=right width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;177,608</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 12.75pt">
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman" color=black size=2>The accompanying notes are an integral part of these consolidated financial statements.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman" color=black size=2>4</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD></TR></TABLE></DIV>
<HR width="100%" color=#000000 SIZE=3>
<P>&nbsp;</P>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
<P>
<A name="page_5"></A></P>
<P><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman">
<A href="#page_2">Table of Contents</A></FONT></P>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 0.7pt"><FONT size=2></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 12.75pt">
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>United States Cellular Corporation </FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="65%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
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<TR style="HEIGHT: 12.75pt">
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><U><FONT face="Times New Roman" color=black size=2>Consolidated Balance Sheet &#151; Assets</FONT></U></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="65%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="12%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>September 30,<BR>
2009&nbsp;</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="12%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>December 31,<BR>
2008&nbsp;</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="65%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="12%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>(Unaudited)</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="12%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="65%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="26%" colSpan=5>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>(Dollars in thousands)</FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%" colSpan=4>
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=black size=2>Current assets</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="71%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Cash and cash equivalents</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>$</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>404,894</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>170,996</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="71%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Accounts receivable</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="68%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Customers, less allowances of $15,745 and $8,222, respectively</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>338,852</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>330,390</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="68%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Roaming&nbsp; </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>32,248</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>34,841</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="68%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Affiliated</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>198</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>1,579</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="68%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Other, less allowances of $525 and $150, respectively</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>76,660</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>52,809</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="71%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Inventory</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>121,073</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>116,564</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="71%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Prepaid income taxes</FONT></P>
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     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;4,793</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>22,515</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="71%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Prepaid expenses&nbsp; </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>63,020</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>51,645</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="71%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Net deferred income tax asset</FONT></P>
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     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>19,481</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>19,481</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="71%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Other current assets</FONT></P>
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     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>53,101</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>14,227</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="65%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>1,114,320</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>815,047</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="74%" colSpan=4>
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=black size=2>Investments</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="71%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Licenses </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>1,445,501</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>1,433,415</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="71%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Goodwill</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>494,737</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>494,279</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="71%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Customer lists, net of accumulated amortization of $91,638 and $87,976, respectively</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>5,273</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>8,936</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="71%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Investments in unconsolidated entities</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>177,497</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>156,637</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="71%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Notes and interest receivable &#150; long-term</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>4,247</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>4,297</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="65%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>2,127,255</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>2,097,564</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="74%" colSpan=4>
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=black size=2>Property, plant and equipment</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="71%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>In service and under construction</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>5,718,767</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>5,884,383</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="71%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Less: accumulated depreciation</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>3,157,001</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>3,264,007</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="65%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>2,561,766</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>2,620,376</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="65%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="74%" colSpan=4>
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=black size=2>Other assets and deferred charges</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>38,484</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>33,055</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="65%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="74%" colSpan=4>
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=black size=2>Total assets</FONT></B></P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>$</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 2.25pt double; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>5,841,825</FONT></P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 2.25pt double; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 2.25pt double; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>5,566,042</FONT></P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman" color=black size=2>The accompanying notes are an integral part of these consolidated financial statements.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman" color=black size=2>5</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD></TR></TABLE></DIV>
<HR width="100%" color=#000000 SIZE=3>
<DIV style="PAGE-BREAK-BEFORE: always"></DIV>&nbsp;
<P>
<A name="page_6"></A></P>
<P><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman">
<A href="#page_2">Table of Contents</A></FONT></P>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 0.7pt">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 0.7pt">&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black>United States Cellular Corporation </FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><U><FONT face="Times New Roman" color=#000000 size=2>Consolidated Balance Sheet &#151; Liabilities and Shareholders&#146; Equity</FONT></U></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>September 30,<BR>
2009&nbsp;</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>December 31,<BR>
2008&nbsp;</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>(Unaudited)</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="62%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="27%" colSpan=6>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>(Dollars in thousands)</FONT></B></P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="72%" colSpan=6>
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=#000000 size=2>Current liabilities</FONT></B></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="70%" colSpan=5>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Current portion of long-term debt</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>10,088</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>10,258</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="70%" colSpan=5>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Accounts payable</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="68%" colSpan=4>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Affiliated</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>8,633</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>9,613</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="68%" colSpan=4>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Trade</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>235,353</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>248,785</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="70%" colSpan=5>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Customer deposits and deferred revenues</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>146,224</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>151,082</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="70%" colSpan=5>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Accrued taxes</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>56,500</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>17,643</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="70%" colSpan=5>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Accrued compensation</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>57,012</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>55,969</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="70%" colSpan=5>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Other current liabilities</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>102,157</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>108,533</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="62%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>615,967</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>601,883</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="62%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="72%" colSpan=6>
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=#000000 size=2>Deferred liabilities and credits</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="70%" colSpan=5>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Net deferred income tax liability</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>518,245</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>478,106</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="70%" colSpan=5>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Other deferred liabilities and credits</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>250,762</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>233,619</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="62%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>769,007</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>711,725</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="62%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="72%" colSpan=6>
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=#000000 size=2>Long-term debt</FONT></B></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>997,552</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>996,636</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="62%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="72%" colSpan=6>
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=#000000 size=2>Commitments and contingencies</FONT></B></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="62%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="72%" colSpan=6>
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=#000000 size=2>Noncontrolling interests with mandatory redemption features</FONT></B></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>708</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>589</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="62%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="72%" colSpan=6>
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=#000000 size=2>Equity</FONT></B></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="70%" colSpan=5>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>U.S. Cellular shareholders' equity</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR height=20>
     <TD vAlign=bottom width="2%"></TD>
     <TD vAlign=bottom width="2%"></TD>
     <TD vAlign=bottom width="68%" colSpan=4>
<P style="MARGIN-LEFT: 0.15in; TEXT-INDENT: -0.15in">&nbsp; <FONT style="FONT-SIZE: 9pt" face="Times New Roman" color=#000000><FONT size=2>Common Shares, par value $1 per share; authorized 140,000,000 shares; </FONT><FONT size=2>issued 55,068,000 shares</FONT></FONT></P>
</TD>
     <TD vAlign=bottom width="2%"></TD>
     <TD vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>55,068</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="2%"></TD>
     <TD vAlign=bottom width="2%"></TD>
     <TD vAlign=bottom align=right width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>55,068</FONT></P>
</TD>
     <TD vAlign=bottom align=right width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="68%" colSpan=4>
<P style="MARGIN: 0in 0in 0pt"></P>
<P style="MARGIN: 0in 0in 0pt 0.15in; TEXT-INDENT: -0.15in"><FONT style="FONT-SIZE: 9pt" face="Times New Roman" color=#000000><FONT size=2>Series A Common Shares, par value $1 per share; authorized 50,000,000 shares; issued and outstanding 33,006,000 shares</FONT></FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>33,006</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>33,006</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="68%" colSpan=4>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Additional paid-in capital</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom align=right width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>1,353,544</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>1,340,146</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="68%" colSpan=4>
<P style="MARGIN: 0in 0in 0pt 0.15in; TEXT-INDENT: -0.15in"><FONT face="Times New Roman" color=#000000 size=2>Treasury shares, at cost, 1,331,000 and 794,000 Common Shares, respectively</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(63,912</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(50,258</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
<TR>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="68%" colSpan=4>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Retained earnings</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>2,020,710</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>1,828,680</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="66%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Total U.S. Cellular shareholders' equity</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>3,398,416</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>3,206,642</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="62%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="70%" colSpan=5>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Noncontrolling interests</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>60,175</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>48,567</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="62%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="64%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Total equity</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>3,458,591</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>3,255,209</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="62%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="72%" colSpan=6>
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=#000000 size=2>Total liabilities and equity</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>5,841,825</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>5,566,042</FONT></P>
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<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman" color=black size=2>The accompanying notes are an integral part of these consolidated financial statements.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman" color=black size=2>6</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center>&nbsp;</P>
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<A href="#page_2">Table of Contents</A></FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>United States Cellular Corporation </FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><U><FONT face="Times New Roman" color=black size=2>Consolidated Statement of Changes in Equity</FONT></U></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><U><FONT face="Times New Roman" color=black size=2>(Unaudited)</FONT></U></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>U.S. Cellular Shareholders</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=#000000 size=2>(Dollars in thousands)</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>Common</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>Shares</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>Series A</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>Common</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>Shares</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>Additional</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>Paid-In</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>Capital</FONT></B></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>Treasury</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>Shares</FONT></B></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT size=2>&nbsp;</FONT></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="7%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>Retained</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>Earnings</FONT></B></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT size=2>&nbsp;</FONT></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="7%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>Total Shareholders' Equity</FONT></B></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT size=2>&nbsp;</FONT></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="7%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>Noncontrolling</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>Interests</FONT></B></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT size=2>&nbsp;</FONT></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>Total Equity</FONT></B></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT size=2>&nbsp;</FONT></TD></TR>
<TR>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="36%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=#000000 size=2>Balance, December 31, 2008</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=#000000 size=2>$</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT face="Times New Roman" color=#000000 size=2>55,068</FONT></B></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=#000000 size=2>$</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT face="Times New Roman" color=#000000 size=2>33,006</FONT></B></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=#000000 size=2>$</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT face="Times New Roman" color=#000000 size=2>1,340,146</FONT></B></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=#000000 size=2>$</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(50,258</FONT></B></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2><B>)</B></FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=#000000 size=2>$</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT face="Times New Roman" color=#000000 size=2>1,828,680</FONT></B></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=#000000 size=2>$</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT face="Times New Roman" color=#000000 size=2>3,206,642</FONT></B></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=#000000 size=2>$</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT face="Times New Roman" color=#000000 size=2>48,567</FONT></B></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=#000000 size=2>$</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT face="Times New Roman" color=#000000 size=2>3,255,209</FONT></B></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="36%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Add (Deduct)</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="35%">
<P style="MARGIN: 0in 0in 0pt 0.15in; TEXT-INDENT: -0.15in"><FONT face="Times New Roman" color=#000000 size=2>Net income excluding portion </FONT><FONT face="Times New Roman" color=#000000 size=2>attributable to noncontrolling </FONT><FONT face="Times New Roman" color=#000000 size=2>interests with mandatory </FONT><FONT face="Times New Roman" color=#000000 size=2>redemption features</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>203,588</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;203,588</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>17,464</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>221,052</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="35%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Repurchase of Common</FONT><FONT face="Times New Roman" color=#000000 size=2> Shares</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&#151; </FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>(24,283</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT> </P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(24,283</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(24,283</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
<TR>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="35%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Incentive and compensation</FONT><FONT face="Times New Roman" color=#000000 size=2> plans</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;1,391</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;10,629</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(11,558</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>462</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>462</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="35%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Stock-based compensation&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>awards</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;13,000</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;13,000</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;13,000</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="35%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Tax windfall (shortfall) from</FONT><FONT face="Times New Roman" color=#000000 size=2> stock awards</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(993</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(993</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(993</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
<TR>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="35%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Distributions to noncontrolling</FONT><FONT face="Times New Roman" color=#000000 size=2> interests</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="7%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="7%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>(5,856</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>(5,856</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
<TR>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="36%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=#000000 size=2>Balance, September 30, 2009</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=#000000 size=2>$</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT face="Times New Roman" color=#000000 size=2>&nbsp;55,068</FONT></B></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=#000000 size=2>$</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT face="Times New Roman" color=#000000 size=2>&nbsp;33,006</FONT></B></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=#000000 size=2>$</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT face="Times New Roman" color=#000000 size=2>&nbsp;1,353,544</FONT></B></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=#000000 size=2>$</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(63,912</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 3px; BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2><B>)</B></FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=#000000 size=2>$</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT face="Times New Roman" color=#000000 size=2>&nbsp;2,020,710</FONT></B></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=#000000 size=2>$</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT face="Times New Roman" color=#000000 size=2>&nbsp;3,398,416</FONT></B></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=#000000 size=2>$</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT face="Times New Roman" color=#000000 size=2>&nbsp;60,175</FONT></B></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=#000000 size=2>$</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT face="Times New Roman" color=#000000 size=2>&nbsp;3,458,591</FONT></B></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P>
<DIV align=left>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman" color=black>The accompanying notes are an integral part of these consolidated financial statements.</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman" color=black>7</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center>&nbsp;</P>
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<A name="page_8"></A>
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<P><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman">
<A href="#page_2">Table of Contents</A></FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>United States Cellular Corporation </FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><U><FONT face="Times New Roman" color=black size=2>Consolidated Statement of Changes in Equity</FONT></U></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><U><FONT face="Times New Roman" color=black size=2>(Unaudited)</FONT></U></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
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<TR style="HEIGHT: 12.75pt">
     <TD vAlign=bottom width="1%"></TD>
     <TD style="PADDING-RIGHT: 0in; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0in; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="28%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0in; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="54%" colSpan=23>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>U.S. Cellular Shareholders</FONT></B></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="PADDING-RIGHT: 0in; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0in; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0in; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="PADDING-RIGHT: 0in; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0in; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0in; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0in; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="29%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=#000000 size=2>(Dollars in thousands)</FONT></B></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="7%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>Common</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>Shares</FONT></B></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="7%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>Series A</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>Common</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>Shares</FONT></B></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="7%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>Additional</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>Paid-In</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>Capital</FONT></B></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>Treasury</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>Shares</FONT></B></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>Accumulated</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>Other</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>Comprehensive</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>Income</FONT></B></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>Retained</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>Earnings</FONT></B></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>Total Shareholders' Equity</FONT></B></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>Noncontrolling</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>Interests</FONT></B></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>Total Equity</FONT></B></P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="29%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=#000000 size=2>Balance, December 31, 2007</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=#000000 size=2>$</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT face="Times New Roman" color=#000000 size=2>55,068</FONT></B></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=#000000 size=2>$</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT face="Times New Roman" color=#000000 size=2>33,006</FONT></B></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=#000000 size=2>$</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT face="Times New Roman" color=#000000 size=2>1,316,785</FONT></B></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=#000000 size=2>$</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(41,859</FONT></B></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%">
<P><FONT face="Times New Roman"></FONT>&nbsp;</P>
<P><STRONG><FONT face="Times New Roman" size=2>)</FONT></STRONG></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=#000000 size=2>$</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT face="Times New Roman" color=#000000 size=2>&nbsp;10,134</FONT></B></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=#000000 size=2>$</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT face="Times New Roman" color=#000000 size=2>1,823,022</FONT></B></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=#000000 size=2>$</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT face="Times New Roman" color=#000000 size=2>3,196,156</FONT></B></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=#000000 size=2>$</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT face="Times New Roman" color=#000000 size=2>46,831</FONT></B></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=#000000 size=2>$</FONT></B></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT face="Times New Roman" color=#000000 size=2>3,242,987</FONT></B></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="29%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Add (Deduct)</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="28%">
<P style="MARGIN: 0in 0in 0pt 0.15in; TEXT-INDENT: -0.15in"><FONT face="Times New Roman" color=#000000 size=2>Net income excluding portion </FONT><FONT face="Times New Roman" color=#000000 size=2>attributable to noncontrolling </FONT><FONT face="Times New Roman" color=#000000 size=2>interests with mandatory </FONT><FONT face="Times New Roman" color=#000000 size=2>redemption features</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>233,108</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;233,108</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>16,276</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>249,384</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="28%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Net change in marketable</FONT><FONT face="Times New Roman" color=#000000 size=2> equity securities</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
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     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(10,134</FONT></P>
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     <TD vAlign=bottom align=left width="1%">
<P></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=right><FONT face="Times New Roman" color=#000000 size=2>)</FONT></P>
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     <TD vAlign=bottom width="1%"></TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
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     <TD vAlign=bottom width="1%"></TD>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(10,134</FONT></P>
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<P></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=right><FONT face="Times New Roman" color=#000000 size=2>)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(10,134</FONT></P>
</TD>
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<P></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=right><FONT face="Times New Roman" color=#000000 size=2>)</FONT></P>
</TD></TR>
<TR height=20>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="28%"><FONT face="Times New Roman" size=2>Repurchase of Common Shares</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom align=right width="6%"><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></TD>
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     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom align=right width="6%"><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
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     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom align=right width="6%"><FONT face="Times New Roman" size=2>4,554</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
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     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom align=right width="5%"><FONT face="Times New Roman" size=2>(27,700</FONT></TD>
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     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom align=right width="5%"><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></TD>
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     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom align=right width="5%"><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></TD>
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     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom align=right width="5%"><FONT face="Times New Roman" size=2>(23,146</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom align=left width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom align=right width="5%"><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
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     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom align=right width="5%"><FONT face="Times New Roman" size=2>(23,146</FONT></TD>
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<TR>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="28%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Incentive and compensation</FONT><FONT face="Times New Roman" color=#000000 size=2> plans</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;1,323</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;18,433</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(20,296</FONT></P>
</TD>
     <TD vAlign=bottom align=left width="1%">
<P></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=right><FONT face="Times New Roman" color=#000000 size=2>)</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(540</FONT></P>
</TD>
     <TD vAlign=bottom align=left width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=right><FONT face="Times New Roman" color=#000000 size=2>)</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(540</FONT></P>
</TD>
     <TD vAlign=bottom align=left width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=right><FONT face="Times New Roman" color=#000000 size=2>)</FONT></P>
</TD></TR>
<TR>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="28%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Stock-based compensation&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>awards</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;11,293</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
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     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;11,293</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
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     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;11,293</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="28%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Tax windfall (shortfall) from</FONT><FONT face="Times New Roman" color=#000000 size=2> stock awards</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
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     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;2,029</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
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     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;2,029</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
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     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;2,029</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="28%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Distributions to noncontrolling</FONT><FONT face="Times New Roman" color=#000000 size=2> interests</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
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     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
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     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(9,146</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%">
<P></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=right><FONT face="Times New Roman" color=#000000 size=2>)</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(9,146</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%">
<P></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=right><FONT face="Times New Roman" color=#000000 size=2>)</FONT></P>
</TD></TR>
<TR>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="28%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Other</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
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     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;183</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;183</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 13.5pt">
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="29%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=black size=2>Balance, September 30, 2008</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=black size=2>$</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT face="Times New Roman" color=black size=2>&nbsp;55,068</FONT></B></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=black size=2>$</FONT></B></P>
</TD>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT face="Times New Roman" color=black size=2>&nbsp;33,006</FONT></B></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=#000000 size=2>$</FONT></B></P>
</TD>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT face="Times New Roman" color=#000000 size=2>&nbsp;1,335,984&nbsp;</FONT></B></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=#000000 size=2>$</FONT></B></P>
</TD>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(51,126</FONT></B></P>
</TD>
     <TD style="PADDING-BOTTOM: 3px; BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%">
<P></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=right><FONT face="Times New Roman" color=#000000 size=2><B>)</B></FONT></P>
</TD>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT></B><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT face="Times New Roman" color=#000000 size=2>&nbsp;2,035,834</FONT></B></P>
</TD>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT face="Times New Roman" color=#000000 size=2>&nbsp;3,408,766</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><B><FONT face="Times New Roman" color=#000000 size=2>&nbsp;3,462,910</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman" color=black>The accompanying notes are an integral part of these consolidated financial statements.</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT style="FONT-SIZE: 9pt" face="Times New Roman" color=black>8</FONT></P>
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<A href="#page_2">Table of Contents</A></FONT>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">United States Cellular Corporation </FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char; TEXT-DECORATION: none" face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">Notes to Consolidated Financial Statements</FONT></U></B></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: both" face="Times New Roman">1.&nbsp;&nbsp; Basis of Presentation</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">United States Cellular Corporation (&#147;U.S. Cellular&#174;&#148;), a Delaware Corporation, is an 82%-owned subsidiary of Telephone and Data Systems, Inc. (&#147;TDS</FONT><SUP><FONT lang=EN-US style="FONT-SIZE: 8pt; LAYOUT-GRID-MODE: char" face="Times New Roman">TM</FONT></SUP><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">&#148;).</FONT></P>
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<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">The accounting policies of U.S. Cellular conform to accounting principles generally accepted in the United States of America (&#147;GAAP&#148;) as set forth in the Financial Accounting Standards Board (&#147;FASB&#148;) Accounting Standards Codification. The consolidated financial statements include the accounts of U.S. Cellular, its majority-owned subsidiaries since acquisition, general partnerships in which U.S. Cellular has a majority partnership interest and any entity in which U.S. Cellular has a variable interest that requires U.S. Cellular to recognize a majority of the entity&#146;s expected gains or losses. All material intercompany accounts and transactions have been eliminated. Certain prior year amounts have been reclassified to conform to the 2009 presentation.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">The consolidated financial statements included herein have been prepared by U.S. Cellular, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (&#147;SEC&#148;). Certain information and disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. However, U.S. Cellular believes that the disclosures included herein are adequate to make the information presented not misleading.&nbsp; These consolidated financial statements should be read in conjunction with the consolidated financial statements and the notes thereto included in U.S. Cellular&#146;s Annual Report on Form 10-K for the year ended December 31, 2008.</FONT></P>
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<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">The accompanying unaudited consolidated financial statements contain all adjustments (consisting of only normal recurring items unless otherwise disclosed) necessary to present fairly the financial position as of September 30, 2009 and December 31, 2008, the results of operations for the three and nine months ended September 30, 2009 and 2008, and cash flows and changes in equity for the nine months ended September 30, 2009 and 2008.&nbsp; The results of operations for the three and nine months ended September 30, 2009, and cash flows and changes in equity for the nine months ended September 30, 2009 are not necessarily indicative of the results to be expected for the full year.</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">2.&nbsp;&nbsp; Summary of Significant Accounting Policies</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char; TEXT-DECORATION: none" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">Amounts Collected from Customers and Remitted to Governmental Authorities</FONT></U></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">If the tax is assessed upon the customer and U.S. Cellular merely acts as an agent in collecting the tax on behalf of the governmental authority imposing such tax, the amounts collected from customers and remitted to governmental authorities are recorded net in Accrued taxes in the Consolidated Balance Sheet.&nbsp; If the tax is assessed upon U.S. Cellular, the amounts collected from customers as recovery of the tax are recorded in Service revenues and the amounts remitted to governmental authorities are recorded in Selling, general and administrative expenses in the Consolidated Statement of Operations.&nbsp; The amounts recorded in Service revenues that are billed to customers and remitted to governmental authorities totaled $31.9 million and $85.0 million for the three and nine months ended September 30, 2009, respectively, and $38.3 million and $107.8 million for the three and nin
e months ended September 30, 2008, respectively.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">Implementation of Revised Business Combinations Accounting</FONT></U></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">Effective January 1, 2009, U.S. Cellular adopted new required provisions under GAAP related to business combinations.&nbsp; Although the revised provisions still require that all business combinations are to be accounted for at fair value in accordance with the acquisition method, they require U.S. Cellular to revise its application of the acquisition method in a number of significant aspects.&nbsp; Specifically, the new provisions require that transaction costs are to be expensed and that the acquirer must recognize 100% of the acquiree&#146;s assets and liabilities, rather than a proportional share, for acquisitions of less than 100% of a business.&nbsp; In addition, the revised provisions eliminate the step acquisition model and provide that all business combinations, whether full, partial or step acquisitions, will result in all assets and liabilities of an acquired business being
 recorded at their fair values at the acquisition date.&nbsp; U.S. Cellular did not have any business combinations during the nine months ended September 30, 2009.</FONT></P>
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<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-ALIGN: center" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">9</FONT></P>
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<A href="#page_2">Table of Contents</A></FONT>
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<P style="MARGIN: 0in 0in 0pt 0.25in"><U><FONT lang=EN-US face="Times New Roman" size=2>Implementation of Noncontrolling Interests Accounting</FONT></U></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>See Note 3 &#151; Noncontrolling Interests for information related to U.S. Cellular&#146;s adoption of new required provisions under GAAP related to accounting for noncontrolling interests effective January 1, 2009.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><U><FONT lang=EN-US face="Times New Roman" size=2>Recent Accounting Pronouncements</FONT></U></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US face="Times New Roman" size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>In June 2009, the FASB issued an update to accounting standards now reflected in FASB Accounting Standards Codification No. 810, </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">Consolidation</FONT></I><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">.&nbsp; This revised guidance changes how U.S. Cellular will determine when an entity that is insufficiently capitalized or is not controlled through voting or similar rights should be consolidated.&nbsp; U.S. Cellular has several variable interest entities within the scope of these requirements (see Note 6 &#150; Variable Interest Entities).&nbsp; This revised guidance related to variable interest entities is effective for U.S. Cellular on January 1, 2010.&nbsp; U.S. Cellular has not yet determined the impact of adoption of the revised guidance, if any, on its financial position or results o
f operations.</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US face="Times New Roman" size=2>3.&nbsp;&nbsp;<FONT size=2> Noncontrolling Interests</FONT></FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt 0.25in"><U><FONT lang=EN-US face="Times New Roman" size=2>Noncontrolling Interests Accounting</FONT></U></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>Effective January 1, 2009, U.S. Cellular adopted new required provisions under GAAP related to accounting for noncontrolling interests.&nbsp; </FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>Pursuant to this adoption, the following provisions were applied retrospectively to all periods presented in these financial statements:</FONT></P>
<P style="MARGIN-LEFT: 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: both" face=Symbol>&#183;</FONT><FONT lang=EN-US face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US face="Times New Roman" size=2>U.S. Cellular reclassified noncontrolling interests, formerly known as &#147;minority interests,&#148; from a separate caption between liabilities and shareholders' equity (&#147;mezzanine section&#148;) to a component of equity, with the exception of noncontrolling interests with redemption features, which continue to require mezzanine section presentation. Previously, minority interests generally were reported in the balance sheet in the mezzanine section. </FONT></P>
<P style="MARGIN-LEFT: 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: both" face=Symbol>&#183;</FONT><FONT lang=EN-US face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US face="Times New Roman" size=2>Consolidated net income and comprehensive income include amounts attributable to both U.S. Cellular and the noncontrolling interests. Previously, net income attributable to the noncontrolling interests was reported as a deduction in arriving at consolidated net income. This presentation change does not impact the calculation of basic or diluted earnings per share, which continue to be calculated based on Net income attributable to U.S. Cellular.</FONT> </P>
<P style="MARGIN-LEFT: 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: both" face=Symbol>&#183;</FONT><FONT lang=EN-US face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT lang=EN-US face="Times New Roman" size=2>Shares of U.S. Cellular held by its subsidiary are reflected as treasury shares in the consolidated financial statements.&nbsp; Previously, these shares were not reflected as issued shares and treasury shares in the consolidated financial statements.&nbsp; As a result, 22,534 Common Shares were added to both Common Shares issued and Treasury Shares in the Consolidated Balance Sheet as of September 30, 2009 and December 31, 2008.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>Pursuant to this adoption, the following provisions were applied prospectively effective January 1, 2009:</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.5in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: both" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: both" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: both" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US face="Times New Roman" size=2>All earnings and losses of a subsidiary are attributed to the parent and the noncontrolling interest, even if the losses attributable to the noncontrolling interest result in a deficit noncontrolling interest balance.&nbsp; Previously, any losses exceeding the noncontrolling interest&#146;s investment in the subsidiary were attributed to the parent.&nbsp; This change did not have a significant impact on U.S. Cellular&#146;s financial statements for the nine months ended September 30, 2009.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: both" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: both" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: both" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US face="Times New Roman" size=2>Once control of a subsidiary is obtained, changes in ownership interests in that subsidiary that do not result in a loss of control are accounted for as equity transactions.&nbsp; Previously, decreases in ownership interest in a subsidiary were accounted for as equity transactions, while increases in ownership interests of a subsidiary were accounted for as step acquisitions.&nbsp; U.S. Cellular did not enter into any transactions in the nine months ended September 30, 2009 that changed its ownership interest in its consolidated subsidiaries.&nbsp; During the nine months ended September 30, 2008, U.S. Cellular purchased noncontrolling interests in a consolidated subsidiary.&
nbsp; U.S. Cellular accounted for this transaction as a step acquisition.&nbsp; The amounts recorded in this transaction are reflected in the changes in the balances of Licenses, Goodwill and Customer lists.</FONT></P>
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<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-ALIGN: center" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">10</FONT></P>
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<P style="MARGIN: 0in 0in 0pt 0.25in"><U><FONT lang=EN-US face="Times New Roman" size=2>Mandatorily Redeemable Noncontrolling Interests in Finite-Lived Subsidiaries</FONT></U></P>
<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>Under GAAP, certain noncontrolling interests in consolidated entities with finite lives may meet the definition of mandatorily redeemable financial instruments. U.S. Cellular&#146;s consolidated financial statements include certain noncontrolling interests that meet this definition of mandatorily redeemable financial instruments.&nbsp; These mandatorily redeemable noncontrolling interests represent interests held by third parties in consolidated partnerships and limited liability companies (&#147;LLCs&#148;), where the terms of the underlying partnership or LLC agreement provide for a defined termination date at which time the assets of the subsidiary are to be sold, the liabilities are to be extinguished and the remaining net proceeds are to be distributed to the noncontrolling interest holders and U.S. Cellular in accordance with the respective partnership and LLC agreements.&nbsp; The termination dates of these mandatoril
y redeemable noncontrolling interests range from 2085 to 2094.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>The settlement value of U.S. Cellular&#146;s mandatorily redeemable noncontrolling interests in finite-lived subsidiaries is estimated to be $138.2 million at September 30, 2009.&nbsp; This amount represents the estimate of cash that would be due and payable to settle these noncontrolling interests assuming an orderly liquidation of the finite-lived consolidated partnerships and LLCs on September 30, 2009, net of estimated liquidation costs.&nbsp; U.S. Cellular currently has no plans or intentions to liquidate any of the related partnerships or LLCs prior to their scheduled termination dates.&nbsp; The corresponding carrying value of the mandatorily redeemable noncontrolling interests in finite-lived consolidated partnerships and LLCs at September 30, 2009 was $56.5 million, and was included in Noncontrolling interests in the Consolidated Balance Sheet. The excess of the aggregate settlement value over the aggregate carrying
 value of these mandatorily redeemable noncontrolling interests of $81.7 million was due primarily to the unrecognized appreciation of the noncontrolling interest holders&#146; share of the underlying net assets in the consolidated partnerships and LLCs.&nbsp; Neither the noncontrolling interest holders&#146; share, nor U.S. Cellular&#146;s share, of the appreciation of the underlying net assets of these subsidiaries was reflected in the consolidated financial statements. The estimate of settlement value was based on certain factors and assumptions which are subjective in nature.&nbsp; Changes in those factors and assumptions could result in a materially larger or smaller settlement amount.</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>4.&nbsp;&nbsp; Fair Value Measurements</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>As of September 30, 2009 and December 31, 2008, U.S. Cellular did not have any financial assets or liabilities that were required, under the fair value accounting standards of GAAP, to be recorded at fair value on a recurring basis in its Consolidated Balance Sheet. However, U.S. Cellular has applied the provisions of fair value accounting for purposes of computing the fair value of financial instruments for disclosure purposes.&nbsp; The fair value of financial instruments was as follows:</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<DIV align=left>
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<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12pt" vAlign=bottom width="30%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman" color=black><FONT size=2>&nbsp;</FONT><SUP><FONT size=2>&nbsp;</FONT></SUP></FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat; HEIGHT: 12pt" vAlign=bottom width="24%" colSpan=5>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>September 30,<BR>
2009&nbsp;</FONT></B></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat; HEIGHT: 12pt" vAlign=bottom width="24%" colSpan=5>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>December 31, <BR>
2008&nbsp;</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD vAlign=bottom width="5%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 15pt" vAlign=bottom width="45%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><B><U><FONT face="Times New Roman" color=white size=2></FONT></U></B>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat; HEIGHT: 15pt" vAlign=bottom width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>Book Value</FONT></B></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 15pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-REPEAT: repeat; HEIGHT: 15pt" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-REPEAT: repeat; HEIGHT: 15pt" vAlign=bottom align=center width="10%">
<P style="MARGIN: 0in 0in 0pt" align=center><B><FONT face="Times New Roman" color=black size=2>Fair Value</FONT></B></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 15pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat; HEIGHT: 15pt" vAlign=bottom width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>Book Value</FONT></B></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 15pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-REPEAT: repeat; HEIGHT: 15pt" vAlign=bottom width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>Fair Value</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 9.75pt">
     <TD vAlign=bottom width="5%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 9.75pt" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 9.75pt" vAlign=bottom width="30%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>&nbsp;</FONT><SUP><B><FONT face="Times New Roman" color=black size=2>&nbsp;</FONT></B></SUP></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 9.75pt" vAlign=bottom width="50%" colSpan=11>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>(Dollars in thousands)</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 16.5pt">
     <TD vAlign=bottom width="5%"></TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 16.5pt" vAlign=bottom width="45%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Cash and cash equivalents </FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 16.5pt" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 16.5pt" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>&nbsp;404,894&nbsp;</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 16.5pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 16.5pt" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 16.5pt" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>&nbsp;404,894&nbsp;</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 16.5pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 16.5pt" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 16.5pt" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>&nbsp;170,996&nbsp;</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 16.5pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 16.5pt" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 16.5pt" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>&nbsp;170,996&nbsp;</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD vAlign=bottom width="5%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12pt" vAlign=bottom width="45%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Current portion of long-term debt (1)</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12pt" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12pt" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>&nbsp;10,000&nbsp;</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12pt" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12pt" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>&nbsp;9,886&nbsp;</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12pt" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12pt" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>&nbsp;10,000&nbsp;</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12pt" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12pt" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>&nbsp;9,887&nbsp;</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD vAlign=bottom width="5%"></TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12pt" vAlign=bottom width="45%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Long-term debt (1)</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12pt" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12pt" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>&nbsp;993,088&nbsp;</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12pt" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12pt" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>&nbsp;940,666&nbsp;</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12pt" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12pt" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>&nbsp;992,748&nbsp;</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12pt" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12pt" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>&nbsp;663,432&nbsp;</FONT></P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<HR align=left width="20%" color=#000000 SIZE=1>
<FONT lang=EN-US face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1)&nbsp;&nbsp; Excludes capital lease obligations</FONT>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>The fair value of cash equivalents included in Cash and cash equivalents approximates their book value due to the short-term nature of these financial instruments.&nbsp; The fair value of U.S. Cellular&#146;s Current portion of long-term debt, excluding capital lease obligations, was estimated using a discounted cash flow analysis.&nbsp; The fair value of U.S. Cellular&#146;s Long-term debt, excluding capital lease obligations, was estimated using market prices for the 7.5% and 8.75% senior notes and discounted cash flow analysis for the remaining debt.&nbsp; </FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>As of September 30, 2009, U.S. Cellular did not have any nonfinancial assets or liabilities that required the application of fair value accounting for purposes of reporting such amounts in its Consolidated Balance Sheet.</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>11</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
<HR align=center width="100%" color=#000000 noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always"></DIV>&nbsp;
<A name="page_12"></A>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2></FONT></B>&nbsp;</P>
<FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman">
<A href="#page_2">Table of Contents</A></FONT>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>5.&nbsp;&nbsp; Income Taxes</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt 31.5pt; TEXT-INDENT: -13.5pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>U.S. Cellular is included in a consolidated federal income tax return and in certain state income tax returns with other members of the TDS consolidated group.&nbsp; For financial statement purposes, U.S. Cellular and its subsidiaries compute their income tax expense as if they comprised a separate affiliated group and were not included in the TDS consolidated group.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>U.S. Cellular&#146;s overall effective tax rate on Income before income taxes for the three and nine months ended September 30, 2009 was 35.3% and 33.5%, respectively, and for the three and nine months ended September 30, 2008 was 32.3% and 35.6%, respectively.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: both" face=Symbol>&#183;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT size=2>The effective tax rate of 35.3% for the three months ended September 30, 2009 was higher than the rate of 32.3% for the three months ended September 30, 2008 primarily due to discrete income tax benefits which aggregated $1.2 million and $6.0 million for the three months ended September 30, 2009 and 2008, respectively. In the three months ended September 30, 2008, approximately $3.0 million of the discrete benefits were the result of a change in U.S. Cellular&#146;s filing position in a state for the years 2004 through 2007, which resulted in the filing of amended state tax returns for these years. Absent these benefits, the effective tax rate for the three months ended September 30, 2009 and 2008 would have been 37.2% and 36.6%, respectively. </FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: both" face=Symbol>&#183;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>The effective tax rate of 33.5% for the nine months ended September 30, 2009 was lower than the rate of 35.6% for the nine months ended September 30, 2008 primarily due to discrete income tax benefits which aggregated $13.6 million and $6.7 million for the nine months ended September 30, 2009 and 2008, respectively. In the nine months ended September 30, 2009, approximately $6.9 million of the discrete benefits were the result of a state tax benefit resulting from a state tax law change. This law change is not expected to have any ongoing benefit. In the nine months ended September 30, 2008, the discrete benefits were primarily the result of the items discussed above for the three months ended September 30, 2008. Absent these benefits, the effective tax 
rate for the nine months ended September 30, 2009 and 2008 would have been 37.6% and 37.4%, respectively. </FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>In 2008, upon completion of the audit of the TDS consolidated group&#146;s federal income tax returns for the years 2002 through 2005, the Internal Revenue Service (&#147;IRS&#148;) issued a proposed assessment of income tax.&nbsp; TDS protested the proposed assessment.&nbsp; A tentative resolution has been reached with the IRS, which is subject to review by the Joint Committee on Taxation.&nbsp; Under the tentative resolution, the IRS would concede the proposed adjustments and penalties in full.&nbsp; Pursuant to a provision of the Internal Revenue Code, TDS made a $38 million deposit with the IRS in order to eliminate any potential interest expense subsequent to the deposit.&nbsp; U.S. Cellular then paid TDS a $34 million deposit in March 2009, which represented its proportionate share of the deposit that TDS paid to the IRS. This deposit is included in Other current assets in U.S. Cellular&#
146;s Consolidated Balance Sheet at September 30, 2009.&nbsp; Subject to Joint Committee approval of the tentative resolution with the IRS, the deposit made by TDS would be refunded to TDS by the IRS and TDS would refund U.S. Cellular&#146;s portion to U.S. Cellular.</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US face="Times New Roman" size=2>6.&nbsp;&nbsp; Variable Interest Entities</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>From time to time, the Federal Communications Commission (&#147;FCC&#148;) conducts auctions through which additional spectrum is made available for the provision of wireless services.&nbsp; U.S. Cellular participated in spectrum auctions indirectly through its limited partnership interests in Aquinas Wireless L.P. (&#147;Aquinas Wireless&#148;), King Street Wireless L.P. (&#147;King Street Wireless&#148;), Barat Wireless L.P. (&#147;Barat Wireless&#148;) and Carroll Wireless L.P. (&#147;Carroll Wireless&#148;), collectively, the &#147;limited partnerships.&#148;&nbsp; Each entity qualified as a &#147;designated entity&#148; and thereby was eligible for bid credits with respect to licenses purchased in accordance with the rules defined by the FCC for each auction. In most cases, the bidding credits resulted in a 25% discount from the gross winning bid.&nbsp; Some licenses were &#147;closed licenses,&#148; for which no credit
 was received, but bidding was restricted to bidders qualifying as &#147;entrepreneurs,&#148; which are small businesses that have a limited amount of assets and revenues.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-ALIGN: center" align=center><FONT lang=EN-US face="Times New Roman" size=2>12</FONT></P>
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<P>&nbsp;</P>
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<A name="page_13"></A></P>
<P><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman">
<A href="#page_2">Table of Contents</A></FONT></P>
<P>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>A summary of the auctions in which each entity participated and the auction results for each of these entities are shown in the table below.</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>FCC Auction</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>Auction End Date</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><SUP><B><FONT face="Times New Roman" color=black size=2>&nbsp;</FONT></B></SUP><B><FONT face="Times New Roman" color=black size=2>Date Applications Granted by FCC </FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><SUP><B><FONT face="Times New Roman" color=black size=2>&nbsp;</FONT></B></SUP><B><FONT face="Times New Roman" color=black size=2>Number of Licenses Won </FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Aquinas Wireless</FONT></P>
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     <TD style="BACKGROUND: #cceeff; HEIGHT: 12.75pt" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman" color=black size=2>78&nbsp;</FONT></P>
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     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=top width="2%"></TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12.75pt" vAlign=top width="17%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>August 20, 2008</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>(1)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>5&nbsp;(2)</FONT></P>
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     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=top width="27%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>King Street Wireless</FONT></P>
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     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman" color=black size=2>73&nbsp;</FONT></P>
</TD>
     <TD vAlign=top width="2%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=top width="17%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>March 20, 2008</FONT></P>
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     <TD vAlign=top width="2%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=top width="16%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>(1)</FONT></P>
</TD>
     <TD vAlign=top width="2%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;</FONT><FONT face="Times New Roman" color=#000000 size=2>152&nbsp;(2)</FONT></P>
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     <TD style="BACKGROUND: #cceeff; HEIGHT: 12.75pt" vAlign=top width="27%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Barat Wireless</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12.75pt" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman" color=#000000 size=2>66&nbsp;</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=top width="2%"></TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12.75pt" vAlign=top width="17%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>September 18, 2006</FONT></P>
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     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=top width="2%"></TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12.75pt" vAlign=top width="16%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;April 30, 2007 </FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=top width="2%"></TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12.75pt" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;17&nbsp; </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Carroll Wireless</FONT></P>
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     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman" color=#000000 size=2>58&nbsp;</FONT></P>
</TD>
     <TD vAlign=top width="2%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=top width="17%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>February 15, 2005</FONT></P>
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     <TD vAlign=top width="2%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=top width="16%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>January 6, 2006 </FONT></P>
</TD>
     <TD vAlign=top width="2%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=top width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>16&nbsp; </FONT></P>
</TD></TR></TABLE><FONT face="Times New Roman"></FONT></DIV>
<HR align=left width="20%" color=#000000 SIZE=1>
<P style="MARGIN: 0in 0in 0pt"></P>
<P style="MARGIN: 0in 0in 0pt 1in; TEXT-INDENT: -0.25in"><FONT lang=EN-US face="Times New Roman" size=2>(1)&nbsp;&nbsp; As of September 30, 2009 and as of the date of the filing of this Form 10-Q, the FCC had not granted licenses to Aquinas Wireless and King Street Wireless for Auctions 78 and 73, respectively.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 1in; TEXT-INDENT: -0.25in"><FONT lang=EN-US face="Times New Roman" size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 1in; TEXT-INDENT: -0.25in"><FONT lang=EN-US face="Times New Roman" size=2>(2)&nbsp;&nbsp; Provisionally won.</FONT></P>
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<P style="MARGIN: 0in 0in 0pt 0.25in"><U><FONT lang=EN-US face="Times New Roman" size=2>Consolidated Variable Interest Entities</FONT></U></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>As of September 30, 2009, U.S. Cellular consolidates the following entities that are &#147;variable interest entities&#148; (&#147;VIEs&#148;) under GAAP:</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: both" face=Symbol>&#183;&nbsp;&nbsp; </FONT><FONT lang=EN-US face="Times New Roman" size=3><FONT size=2>Aquinas Wireless; </FONT></FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: both" face=Symbol>&#183;&nbsp;&nbsp; </FONT><FONT lang=EN-US face="Times New Roman" size=3><FONT size=2>King Street Wireless and King Street Wireless, Inc., the general partner of King Street Wireless;</FONT></FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: both" face=Symbol>&#183;&nbsp;&nbsp; </FONT><FONT lang=EN-US face="Times New Roman" size=2>Barat Wireless and Barat Wireless, Inc., the general partner of Barat Wireless; and</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: both" face=Symbol>&#183;&nbsp;&nbsp; </FONT><FONT lang=EN-US face="Times New Roman" size=2>Carroll Wireless and Carroll PCS, Inc., the general partner of Carroll Wireless.</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>GAAP establishes certain criteria for consolidation of variable interest entities when voting control is not present.&nbsp; Specifically, for a variable interest entity, as such term is defined by GAAP, an entity, referred to as the primary beneficiary, that absorbs a majority of the variable interest entity's expected gains or losses is required to consolidate such a variable interest entity.&nbsp; U.S.&nbsp;Cellular holds a variable interest in the entities listed above due to capital contributions and/or advances it has provided to these entities.&nbsp; Given the significance of these contributions and/or advances in relation to the equity investment at risk, U.S.&nbsp;Cellular was deemed to be the primary beneficiary of these VIEs.&nbsp; Accordingly, these VIEs are consolidated because U.S.&nbsp;Cellular anticipates benefiting from or absorbing a majority of these VIEs' expected gains or losses.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>Following is a summary of the capital contributions and advances made to each entity by U.S. Cellular as of September 30, 2009 (dollars in thousands).&nbsp; The amounts shown in the table below exclude funds provided to these entities solely from the shareholder of the general partner.</FONT></P>
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     <TD width="7%"></TD>
     <TD style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="79%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Aquinas Wireless</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>$</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>2,132&nbsp;</FONT></P>
</TD></TR>
<TR>
     <TD vAlign=bottom width="7%"></TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="79%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>King Street Wireless &amp; King Street Wireless, Inc.</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>300,604&nbsp;</FONT></P>
</TD></TR>
<TR>
     <TD width="7%"></TD>
     <TD style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="79%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Barat Wireless &amp; Barat Wireless, Inc.</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>127,485&nbsp; </FONT></P>
</TD></TR>
<TR>
     <TD width="7%"></TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" width="79%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Carroll Wireless &amp; Carroll PCS, Inc.</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>130,594&nbsp; </FONT></P>
</TD></TR>
<TR>
     <TD vAlign=bottom width="7%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="78%">
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</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 2.25pt double" width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>$</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BORDER-TOP: black 1pt solid; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>560,815&nbsp;</FONT></P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-ALIGN: center" align=center><FONT lang=EN-US face="Times New Roman" size=2>13 </FONT></P>
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<A name="page_14"></A></P>
<P><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman">
<A href="#page_2">Table of Contents</A></FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-ALIGN: left" align=center>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-ALIGN: left" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">The following table presents the classification of the consolidated VIEs&#146; assets and liabilities in U.S. Cellular&#146;s Consolidated Balance Sheet.</FONT></P>
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<TR style="HEIGHT: 15pt">
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<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-REPEAT: repeat; HEIGHT: 15pt" vAlign=bottom width="17%" colSpan=2 rowSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>September 30,</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>2009&nbsp;</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 15pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-REPEAT: repeat; HEIGHT: 15pt" vAlign=bottom width="17%" colSpan=2 rowSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>December 31,</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>2008&nbsp;</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 15pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 15pt" vAlign=bottom width="60%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 15pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12pt" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12pt" vAlign=bottom width="55%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12pt" vAlign=bottom width="36%" colSpan=5>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>(Dollars in thousands)</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12pt" vAlign=bottom width="60%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=black size=2>Assets</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12pt" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12pt" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD vAlign=bottom width="4%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="55%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Cash</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>481</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>684</FONT></P>
</TD></TR>
<TR>
     <TD vAlign=bottom width="4%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="55%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Other current assets</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>230</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>63</FONT></P>
</TD></TR>
<TR>
     <TD vAlign=bottom width="4%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="55%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Licenses</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>487,962</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>487,962</FONT></P>
</TD></TR>
<TR>
     <TD vAlign=bottom width="4%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="55%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Other assets</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>425</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;&#151;</FONT></P>
</TD></TR>
<TR>
     <TD vAlign=bottom width="4%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="55%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Total assets</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 2.25pt double; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 2.25pt double; BACKGROUND-REPEAT: repeat" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>489,098</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 2.25pt double; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 2.25pt double; BACKGROUND-REPEAT: repeat" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>488,709</FONT></P>
</TD></TR>
<TR>
     <TD vAlign=bottom width="4%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="55%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD vAlign=bottom width="4%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="60%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=black size=2>Liabilities</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD vAlign=bottom width="4%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="55%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Customer deposits and deferred revenues</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" size=2>$</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>65</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" size=2>$</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>63</FONT></P>
</TD></TR>
<TR>
     <TD vAlign=bottom width="4%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="5%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Total liabilities</FONT></P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 2.25pt double; BACKGROUND-REPEAT: repeat" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>65</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 2.25pt double; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 2.25pt double; BACKGROUND-REPEAT: repeat" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>63</FONT></P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><U><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Other Related Matters</FONT></U></P>
<P style="MARGIN: 0in 0in 0pt 0.25in">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">U.S. Cellular may agree to make additional capital contributions and/or advances to the VIEs discussed above and/or to their general partners to provide additional funding for the development of licenses granted in the various auctions.&nbsp; U.S. Cellular may finance such amounts with a combination of cash on hand, borrowings under its revolving credit agreement and/or long-term debt.&nbsp; There is no assurance that U.S. Cellular will be able to obtain additional financing on commercially reasonable terms or at all to provide such financial support.&nbsp; </FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">The general partner of each of these VIEs has the right to manage and operate the limited partnerships; however, the general partner needs consent of the limited partner, a subsidiary of U.S. Cellular, in certain limited circumstances, such as to make certain large expenditures, admit other partners, or liquidate the limited partnerships. </FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">See Note 13 &#151; Commitments and Contingencies for additional information related to the participation of Carroll Wireless, Barat Wireless and King Street Wireless in Auction 58, Auction 66 and Auction 73, respectively.</FONT></P>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">These VIEs are in the process of developing long-term business and financing plans.&nbsp; These entities were formed to participate in FCC auctions of wireless spectrum and to fund, establish and provide wireless service with respect to any FCC licenses won in the auctions.&nbsp; As such, these entities have risks similar to those described in the "Risk Factors" in U.S. Cellular's Form&nbsp;10-K for the year ended December 31, 2008.</FONT></P>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">14</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center>&nbsp;</P>
<HR align=center width="100%" color=#000000 noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always"></DIV>&nbsp;
<A name="page_15"></A>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2></FONT></B>&nbsp;</P>
<FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman">
<A href="#page_2">Table of Contents</A></FONT>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>7.&nbsp;&nbsp; Earnings Per Share</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>Basic earnings per share is computed by dividing Net income attributable to U.S. Cellular by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing Net income attributable to U.S. Cellular by the weighted average number of common shares adjusted to include the effects of potentially dilutive securities. Potentially dilutive securities include incremental shares issuable upon exercise of outstanding stock options and the vesting of restricted stock units.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>The amounts used in computing Earnings per Common and Series&nbsp;A Common Share and the effects of potentially dilutive securities on the weighted average number of Common and Series&nbsp;A Common Shares are as follows:</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><SUP><FONT face="Times New Roman" color=black size=2>&nbsp;</FONT></SUP><FONT face="Times New Roman" color=black size=2>&nbsp;</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman" color=black><FONT size=2>&nbsp;</FONT><SUP><FONT size=2>&nbsp;</FONT></SUP></FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>Three Months Ended</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>September 30,</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>Nine Months Ended</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>September 30,</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><SUP><FONT face="Times New Roman" color=black size=2>&nbsp;</FONT></SUP><FONT face="Times New Roman" color=black size=2>&nbsp;</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman" color=black><FONT size=2>&nbsp;</FONT><SUP><FONT size=2>&nbsp;</FONT></SUP></FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD></TR>
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<P style="MARGIN: 0in 0in 0pt"><SUP><FONT face="Times New Roman" color=black size=2>&nbsp;</FONT></SUP><FONT face="Times New Roman" color=black size=2>&nbsp;</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman" color=black><FONT size=2>&nbsp;</FONT><SUP><FONT size=2>&nbsp;</FONT></SUP></FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>2009&nbsp;</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>2008&nbsp;</FONT></B></P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
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     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="12%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>2009&nbsp;</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>2008&nbsp;</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><SUP><FONT face="Times New Roman" color=black size=2>&nbsp;</FONT></SUP><FONT face="Times New Roman" color=black size=2>&nbsp;</FONT></P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman" color=black><FONT size=2>&nbsp;</FONT><SUP><FONT size=2>&nbsp;</FONT></SUP></FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="54%" colSpan=11>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>(Dollars and shares in thousands, except per share amounts)</FONT></B></P>
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<TR>
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<P style="MARGIN: 0in 0in 0pt"><SUP><FONT face="Times New Roman" color=black size=2>&nbsp;</FONT></SUP><FONT face="Times New Roman" color=black size=2>Net income attributable to U.S. Cellular </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;35,638</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;89,949</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;203,588</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;233,108</FONT></P>
</TD></TR>
<TR>
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<P style="MARGIN: 0in 0in 0pt"><SUP><FONT face="Times New Roman" color=black size=2>&nbsp;</FONT></SUP><FONT face="Times New Roman" color=black size=2>&nbsp;</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" face="Times New Roman" color=black><FONT size=2>&nbsp;</FONT><SUP><FONT size=2>&nbsp;</FONT></SUP></FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="46%" colSpan=4>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>&nbsp;</FONT><FONT face="Times New Roman" color=black size=2>Weighted average number of shares used in basic earnings per share </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;86,848</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;87,460</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;87,011</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="2%">&nbsp;</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;87,534</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="46%" colSpan=4>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>&nbsp;</FONT><FONT face="Times New Roman" color=black size=2>Effect of dilutive securities: </FONT></P>
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     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>&nbsp;</FONT><FONT face="Times New Roman" color=black size=2>&nbsp;</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="44%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Stock options (1)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;36</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;136</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;20</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;195</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>&nbsp;</FONT><FONT face="Times New Roman" color=black size=2>&nbsp;</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="44%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Restricted stock units (2)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;244</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;237</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;185</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;179</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="46%" colSpan=4>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>&nbsp;</FONT><FONT face="Times New Roman" color=black size=2>Weighted average number of shares used in diluted earnings per share </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;87,128</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;87,833</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;87,216</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;87,908</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>&nbsp;</FONT><FONT face="Times New Roman" color=black size=2>&nbsp;</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>&nbsp; </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="46%" colSpan=4>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>&nbsp;</FONT><FONT face="Times New Roman" color=black size=2>Basic earnings per share attributable to U.S. Cellular shareholders </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;0.41</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;1.03</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;2.34</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;2.66</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>&nbsp;</FONT><FONT face="Times New Roman" color=black size=2>&nbsp;</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>&nbsp; </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="46%" colSpan=4>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>&nbsp;</FONT><FONT face="Times New Roman" color=black size=2>Diluted earnings per share attributable to U.S. Cellular shareholders </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;0.41</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;1.02</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;2.33</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;2.65</FONT></P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<HR align=left width="20%" color=#000000 SIZE=1>
<P style="MARGIN: 0in 0in 0pt"></P>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in"><FONT lang=EN-US face="Times New Roman" size=2>(1)&nbsp;&nbsp; Stock options exercisable into 2,072,338 and 2,023,926 Common Shares in the three and nine months ended September 30, 2009, respectively, and 1,265,139 and 794,429 Common Shares in the three and nine months ended September 30, 2008, respectively, were not included in computing Diluted Earnings per Share because their effects were antidilutive.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in"><FONT lang=EN-US face="Times New Roman" size=2>(2)&nbsp;&nbsp; Restricted stock units issuable upon vesting into 306 and 175,109 Common Shares in the three and nine months ended September 30, 2009, respectively, and 930 and 151,310 Common Shares in the three and nine months ended September 30, 2008, respectively, were not included in computing Diluted Earnings per Share because their effects were antidilutive.</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="LAYOUT-GRID-MODE: line" face="Times New Roman" size=2>8.</FONT></B><FONT lang=EN-US style="LAYOUT-GRID-MODE: line" face="Times New Roman" size=2>&nbsp;&nbsp; </FONT><B><FONT lang=EN-US style="LAYOUT-GRID-MODE: line" face="Times New Roman" size=2>Acquisitions, Divestitures and Exchanges </FONT></B></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT face="Times New Roman" color=black size=2>U.S. Cellular assesses its existing wireless interests on an ongoing basis with a goal of improving the competitiveness of its operations and maximizing its long-term return on investment. As part of this strategy, U.S. Cellular reviews attractive opportunities to acquire additional operating markets and wireless spectrum. In addition, U.S. Cellular may seek to divest outright or include in exchanges for other wireless interests those markets and wireless interests that are not strategic to its long-term success.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><U><FONT face="Times New Roman" color=black size=2>Significant transactions pending as of September 30, 2009</FONT></U></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT face="Times New Roman" color=black size=2>The FCC auction of spectrum in the PCS and AWS-1 bands, designated by the FCC as Auction 78, closed on August&nbsp;20, 2008. U.S. Cellular participated in Auction 78 indirectly through its limited partnership interest in Aquinas Wireless.&nbsp; Aquinas Wireless paid $2.1&nbsp;million to the FCC in 2008 for five licenses for which it was the provisional winning bidder in the auction.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT face="Times New Roman" color=black size=2>U.S. Cellular also participated in the FCC auction of spectrum in the 700 megahertz band, designated as Auction 73, which closed on March&nbsp;20, 2008. U.S. Cellular participated in Auction 73 indirectly through its limited partnership interest in King Street Wireless.&nbsp; King Street Wireless paid $300.5&nbsp;million to the FCC in 2008 for 152 licenses for which it was the provisional winning bidder in the auction.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT face="Times New Roman" color=black size=2>There is no prescribed timeframe for the FCC to review the qualifications of the various winning bidders and grant licenses related to Auctions 78 and 73. As of September 30, 2009 and as of the date of the&nbsp;filing of this Form 10-Q, the FCC had not granted the licenses to Aquinas Wireless or King Street Wireless. See Note&nbsp;6&#151;Variable Interest Entities, for further details on Aquinas Wireless and King Street Wireless.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT lang=EN-US face="Times New Roman" size=2>15</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<HR align=center width="100%" color=#000000 noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always"></DIV>&nbsp;
<A name="page_16"></A>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="LAYOUT-GRID-MODE: line" face="Times New Roman" size=2></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman">
<A href="#page_2">Table of Contents</A></FONT></P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="LAYOUT-GRID-MODE: line" face="Times New Roman" size=2></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="LAYOUT-GRID-MODE: line" face="Times New Roman" size=2>9.&nbsp;&nbsp; Gain on Disposition of Investments</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>Prior to August&nbsp;7, 2008, U.S. Cellular held 370,882 common shares of </FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: line" face="Times New Roman" size=2>Rural Cellular Corporation (&#147;RCC&#148;).&nbsp; </FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>On August&nbsp;7, 2008, RCC was acquired by Verizon Wireless, with shareholders of RCC receiving cash of $45 per share in exchange for each RCC share owned.&nbsp; As a result of this exchange, U.S. Cellular received total cash proceeds of $16.7 million and recognized a pre-tax gain of $16.4 million in August 2008.</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="LAYOUT-GRID-MODE: line" face="Times New Roman" size=2>10.&nbsp;&nbsp; Licenses and Goodwill</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="LAYOUT-GRID-MODE: line" face="Times New Roman" size=2>Changes in U.S. Cellular&#146;s licenses and goodwill for the nine months ended September 30, 2009 and 2008 are presented below. </FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 80%" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 12pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12pt" vAlign=bottom width="65%" rowSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-REPEAT: repeat; HEIGHT: 12pt" vAlign=bottom width="12%" colSpan=2 rowSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>September 30,</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>2009&nbsp;</FONT></B></P>
</TD>
     <TD vAlign=bottom width="1%" rowSpan=2></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-REPEAT: repeat; HEIGHT: 12pt" vAlign=bottom width="12%" colSpan=2 rowSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>September 30,</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>2008&nbsp;</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12pt" vAlign=bottom width="65%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12pt" vAlign=bottom width="27%" colSpan=6>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>(Dollars in thousands)</FONT></B></P>
</TD></TR>
<TR>
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="69%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><U><FONT face="Times New Roman" color=black size=2>Licenses</FONT></U></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="69%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Balance, beginning of period</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>1,433,415</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>1,482,446</FONT></P>
</TD></TR>
<TR>
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="67%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Acquisitions</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>12,250</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>312,397</FONT></P>
</TD></TR>
<TR>
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="67%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Other</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>(164</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD></TR>
<TR>
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="69%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Balance, end of period</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>1,445,501</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>1,794,843</FONT></P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 80%" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 12pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12pt" vAlign=bottom width="65%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-REPEAT: repeat; HEIGHT: 12pt" vAlign=bottom width="12%" colSpan=2 rowSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>September 30,</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>2009&nbsp;</FONT></B></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12pt" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-REPEAT: repeat; HEIGHT: 12pt" vAlign=bottom width="12%" colSpan=2 rowSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>September 30,</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>2008&nbsp;</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="65%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="65%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="27%" colSpan=5>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>(Dollars in thousands)</FONT></B></P>
</TD></TR>
<TR>
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="69%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><U><FONT face="Times New Roman" color=black size=2>Goodwill</FONT></U></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="69%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Balance, beginning of period</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>494,279</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>491,316</FONT></P>
</TD></TR>
<TR>
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="67%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Acquisitions</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>2,602</FONT></P>
</TD></TR>
<TR>
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="67%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Other</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>458</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD></TR>
<TR>
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="69%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Balance, end of period</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>494,737</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>493,918</FONT></P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>Licenses and goodwill must be reviewed for impairment annually or more frequently if events or changes in circumstances indicate that the asset might be impaired. Historically, U.S. Cellular completed the required annual impairment assessment of its licenses and goodwill as of April 1 of each year.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: -0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>As a result of the deterioration in the credit and financial markets and the decline of the overall economy in the fourth quarter of 2008, U.S. Cellular performed an interim impairment assessment of licenses and goodwill as of December&nbsp;31, 2008.&nbsp; The assessment resulted in an impairment loss of $386.7 million on licenses, which was recognized in December&nbsp;2008, and no impairment of goodwill.&nbsp; </FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>As noted above, U.S. Cellular&#146;s annual impairment review of goodwill and indefinite-lived intangible assets was completed as of April 1 of each year. Effective April 1, 2009, U.S. Cellular adopted a new accounting policy whereby its annual impairment review of goodwill and indefinite-lived intangible assets will be performed as of November 1 instead of April 1 of each year. &nbsp;As indicated above, an impairment analysis of goodwill and indefinite-lived intangible assets was last completed as of December 31, 2008. The change in the annual goodwill and indefinite-lived intangible asset impairment testing date was made to better align the annual impairment test with the timing of U.S. Cellular&#146;s annual strategic planning process, which allows for a better estimate of the future cash flows used in discounted cash flow models to test for impairment.&nbsp; This change in accounting policy does not delay, accelerate or 
avoid an impairment charge. Accordingly, U.S. Cellular management believes that this accounting change is preferable under the circumstances.</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT lang=EN-US face="Times New Roman" size=2>16</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<HR align=center width="100%" color=#000000 noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always"></DIV>&nbsp;
<A name="page_17"></A>
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=black size=2></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman">
<A href="#page_2">Table of Contents</A></FONT></P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=black size=2></FONT></B>&nbsp;</P>
<FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman"></FONT>
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=black size=2></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=black size=2>11. Investment in Unconsolidated Entities</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT face="Times New Roman" color=black size=2>Investments in unconsolidated entities consist of amounts invested in wireless entities in which U.S. Cellular holds a noncontrolling interest. These investments are accounted for using either the equity or cost method.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT face="Times New Roman" color=black size=2>Equity in earnings of unconsolidated entities totaled $23.1 million and $22.3 million in the three months ended September 30, 2009 and 2008, respectively, and $73.2 million and $66.4 million in the nine month periods then ended, respectively.&nbsp; Of those amounts, U.S. Cellular&#146;s investment in the Los Angeles SMSA Partnership (&#147;LA Partnership&#148;) contributed $15.5 million and $15.3 million in the three months ended September 30, 2009 and 2008, respectively, and $49.5 million and $49.2 million in the nine months ended September 30, 2009 and 2008, respectively.&nbsp; U.S. Cellular held a 5.5% ownership interest in the LA Partnership during these periods.&nbsp;&nbsp;&nbsp; </FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT face="Times New Roman" color=black size=2>The following table summarizes the combined results of operations of U.S. Cellular&#146;s equity method investments:</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 95%" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 12pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12pt" vAlign=bottom width="44%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12pt" vAlign=bottom width="26%" colSpan=5 rowSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>Three Months Ended</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>September 30,</FONT></B></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12pt" vAlign=bottom width="24%" colSpan=5 rowSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>Nine Months Ended</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>September 30,</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12pt" vAlign=bottom width="44%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12pt" vAlign=bottom width="44%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat; HEIGHT: 12pt" vAlign=bottom width="12%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>2009&nbsp;</FONT></B></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-REPEAT: repeat; HEIGHT: 12pt" vAlign=bottom width="12%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>2008&nbsp;</FONT></B></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat; HEIGHT: 12pt" vAlign=bottom width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>2009&nbsp;</FONT></B></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-REPEAT: repeat; HEIGHT: 12pt" vAlign=bottom width="11%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>2008&nbsp;</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 14.25pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 14.25pt" vAlign=bottom width="44%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 14.25pt" vAlign=bottom width="52%" colSpan=11>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>(Dollars in thousands)</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12pt" vAlign=bottom width="44%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12pt" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12pt" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12pt" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12pt" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="44%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Revenues</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>&nbsp;1,211,000</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom align=left width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT face="Times New Roman" color=black size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>&nbsp;1,235,000</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom align=left width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>&nbsp;3,580,000</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom align=left width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>&nbsp;3,580,000</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="44%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Operating expenses </FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>&nbsp;870,000</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>&nbsp;875,000</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>&nbsp;2,518,000</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>&nbsp;2,504,000</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="44%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Operating income</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>&nbsp;341,000</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>&nbsp;360,000</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>&nbsp;1,062,000</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>&nbsp;1,076,000</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="44%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Other income (expense)</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>&nbsp;8,000</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>&nbsp;5,000</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>&nbsp;29,000</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>&nbsp;16,000</FONT></P>
</TD></TR>
<TR style="HEIGHT: 12pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="44%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Net income</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 2.25pt double; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 2.25pt double; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>&nbsp;349,000</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 2.25pt double; BACKGROUND-REPEAT: repeat" vAlign=bottom align=left width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT face="Times New Roman" color=black size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 2.25pt double; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>&nbsp;365,000</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 2.25pt double; BACKGROUND-REPEAT: repeat" vAlign=bottom align=left width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 2.25pt double; BACKGROUND-REPEAT: repeat" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>&nbsp;1,091,000</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 2.25pt double; BACKGROUND-REPEAT: repeat" vAlign=bottom width="9%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>&nbsp;1,092,000</FONT></P>
</TD></TR></TABLE></DIV>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US face="Times New Roman" size=2>12. Notes Payable </FONT></B></P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT face="Times New Roman" color=black size=2>Prior to June 30, 2009, U.S. Cellular had a $700 million revolving credit facility available for general corporate purposes.&nbsp; On June 30, 2009, U.S. Cellular entered into a new $300 million revolving credit agreement with certain lenders and other parties.&nbsp; As a result, U.S. Cellular&#146;s $700 million revolving credit agreement, which was due to expire in December 2009, was terminated on June 30, 2009 as a condition of entering into the new agreement.&nbsp; The new revolving credit agreement provides U.S. Cellular with a $300 million senior revolving credit facility for working capital, acquisitions and other corporate purposes and to refinance any existing debt of U.S. Cellular.&nbsp; Amounts under the new revolving credit facility may be borrowed, repaid and reborrowed from time to time from and after June 30, 2009 until maturity in June 2012.&nbsp; </FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>At September 30, 2009, there were no outstanding borrowings and $0.3 million of outstanding letters of credit, leaving $299.7 million available for use.&nbsp; Borrowings under the new revolving credit facility bear interest at the London InterBank Offered Rate (&#147;LIBOR&#148;) (or, at U.S. Cellular&#146;s option, an alternate &#147;Base Rate&#148; as defined in the new revolving credit agreement) plus a contractual spread based on U.S. Cellular&#146;s credit rating.&nbsp; U.S. Cellular may select borrowing periods of either one, two, three or six months (or other period of twelve months or less requested by U.S. Cellular if approved by the lenders).&nbsp; At September 30, 2009, the one-month LIBOR was 0.25% and the contractual spread was 300 basis points.&nbsp; If U.S. Cellular provides less than three business days notice of intent to borrow, interest on borrowings is the Base Rate plus the contractual spread (the Base R
ate was 3.25% at September 30, 2009).</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>U.S. Cellular&#146;s interest cost on its new revolving credit facility is subject to increase if its current credit rating from Standard &amp; Poor&#146;s Rating Service, Moody&#146;s Investors Service and/or Fitch Ratings is lowered, and is subject to decrease if the rating is raised. The new credit facility would not cease to be available nor would the maturity date accelerate solely as a result of a downgrade in U.S. Cellular&#146;s credit rating. However, a downgrade in U.S. Cellular&#146;s credit rating could adversely affect its ability to renew the new credit facility or obtain access to other credit facilities in the future.</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>The new revolving credit facility has a commitment fee based on the senior unsecured debt rating assigned to U.S. Cellular by certain rating agencies. The range of the commitment fee is 0.25% to 0.75% of the unused portion of the new revolving credit facility.&nbsp; </FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>U.S. Cellular incurred debt issuance costs of $4.4 million in conjunction with obtaining the new credit facility, and such costs will be amortized on a straight line basis over the three year term of the facility.</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>The maturity date of any borrowings under U.S. Cellular&#146;s new revolving credit facility would accelerate in the event of a change in control.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-ALIGN: center" align=center><FONT lang=EN-US face="Times New Roman" size=2>17</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman">
<A href="#page_2">Table of Contents</A></FONT></P>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>The continued availability of the new revolving credit facility requires U.S. Cellular to comply with certain negative and affirmative covenants, maintain certain financial ratios and make representations regarding certain matters at the time of each borrowing.&nbsp; U.S. Cellular believes it was in compliance as of September 30, 2009 with all covenants and other requirements set forth in its new revolving credit facility. </FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2>In connection with U.S. Cellular&#146;s new revolving credit facility, TDS and U.S. Cellular entered into a subordination agreement dated June 30, 2009 together with the administrative agent for the lenders under U.S. Cellular&#146;s new revolving credit agreement.&nbsp; Pursuant to this subordination agreement, (a) any consolidated funded indebtedness from U.S. Cellular to TDS will be unsecured and (b) any (i) consolidated funded indebtedness (other than &#147;refinancing indebtedness&#148; as defined in the subordination agreement) in excess of $105,000,000, and (ii) refinancing indebtedness in excess of $250,000,000, will be subordinated and made junior in right of payment to the prior payment in full of obligations to the lenders under U.S. Cellular&#146;s new revolving credit agreement.&nbsp; As of September 30, 2009, U.S. Cellular had no outstanding consolidated funded indebtedness or refinancing indebtedness that was subordinated to the revolving cred
it agreement pursuant to the subordination agreement.</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US face="Times New Roman" size=2>13. Commitments and Contingencies</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><U><FONT lang=EN-US face="Times New Roman" size=2>Indemnifications</FONT></U></P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>U.S. Cellular enters into agreements in the normal course of business that provide for indemnification of counterparties.&nbsp; These agreements include certain asset sales and financings with other parties.&nbsp; The terms of the indemnification vary by agreement.&nbsp; The events or circumstances that would require U.S. Cellular to perform under these indemnities are transaction specific; however, these agreements may require U.S. Cellular to indemnify the counterparty for costs and losses incurred from any litigation or claims arising from the underlying transaction.&nbsp; U.S. Cellular is unable to estimate the maximum potential liability for these types of indemnifications as the amounts are dependent on the outcome of future events, the nature and likelihood of which cannot be determined at this time.&nbsp; Historically, U.S. Cellular has not made any significant indemnification payments under such agreements.</FONT></
P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><U><FONT lang=EN-US face="Times New Roman" size=2>Legal Proceedings</FONT></U></P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>In February 2009, the United States Department of Justice ("DOJ") notified U.S. Cellular and its parent, TDS, that each is a named defendant in a civil action brought by a private party in the U.S. District Court for the District of Columbia under the "qui tam" provisions of the federal False Claims Act.&nbsp; TDS and U.S. Cellular were advised that the complaint seeks return of approximately $165 million of bid credits from certain FCC auctions and requests treble damages.&nbsp; The complaint was under seal while the DOJ considered whether to intervene in the proceeding.&nbsp; On October 13, 2009, TDS and U.S. Cellular were advised that the DOJ had determined not to intervene in the proceeding.&nbsp; As a result of the complaint, the DOJ had investigated TDS' and U.S. Cellular's participation in certain spectrum auctions conducted by the FCC between 2005 and 2008, through Carroll Wireless, L.P., Barat Wireless, L.P., and Ki
ng Street Wireless, L.P.&nbsp; Carroll Wireless, L.P. and Barat Wireless, L.P. were winning bidders in Auction 58, and Auction 66, respectively, and King Street Wireless, L.P. was a provisional winning bidder in Auction 73. These limited partnerships received a 25% bid credit in the applicable auction price under FCC rules.&nbsp; The DOJ investigated whether these limited partnerships qualified for the 25% bid credit in auction price considering their arrangements with TDS and U.S. Cellular.&nbsp; In addition, on October 13, 2009, the District Court unsealed the complaint.&nbsp; If the private party plaintiff decides to pursue the matter, it must serve the complaint on TDS and U.S. Cellular within 120 days.&nbsp; As of the date of filing of this Form 10-Q, the plaintiff has not served a complaint on TDS and U.S. Cellular and it is unknown if and when it may do so.&nbsp; TDS and U.S. Cellular believe that U.S. Cellular's arrangements with these limited partnerships and the limited partnerships' participation 
in the FCC auctions complied with applicable law and FCC rules&nbsp;and each of TDS and U.S. Cellular intends to vigorously defend itself against any claim that it violated applicable law or FCC rules.&nbsp; At this time, U.S. Cellular cannot predict the outcome of any proceeding.&nbsp; The FCC sent a letter to King Street Wireless, L.P. requesting that it submit to the FCC a written response to the allegations in the complaint.&nbsp; King Street Wireless, L.P. made this submission as requested by the FCC on May 8, 2009.&nbsp; The FCC has not taken any formal action on the matter as of the date of the filing of this Form 10-Q.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-ALIGN: center" align=center><FONT lang=EN-US face="Times New Roman" size=2>18</FONT></P>
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<P><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman">
<A href="#page_2">Table of Contents</A></FONT></P>
<P>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">U.S. Cellular is involved or may be involved from time to time in legal proceedings before the FCC, other regulatory authorities, and/or various state and federal courts. If U.S. Cellular believes that a loss arising from such legal proceedings is probable and can be reasonably estimated, an amount is accrued in the financial statements for the estimated loss. If only a range of loss can be determined, the best estimate within that range is accrued; if none of the estimates within that range is better than another, the low end of the range is accrued. The assessment of the expected outcomes of legal proceedings is a highly subjective process that requires judgments about future events. The legal proceedings are reviewed at least quarterly to determine the adequacy of accruals and related financial statement disclosures. The ultimate outcomes of legal proceedings could differ materially from amounts accrued i
n the financial statements.</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">14. Common Share Repurchases</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Prior to November&nbsp;18, 2008, the Board of Directors of U.S. Cellular had authorized the repurchase of up to 1% of the outstanding U.S. Cellular Common Shares held by non-affiliates in each three-month period, primarily for use in employee benefit plans (the "Limited Authorization").&nbsp; On November&nbsp;18, 2008, the Board of Directors of U.S. Cellular amended the Limited Authorization to permit the repurchase of up to 5% of the outstanding U.S. Cellular Common Shares held by persons other than TDS affiliates in each twelve-month period.&nbsp; This authorization does not have an expiration date. </FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">During the nine months ended September 30, 2009, U.S. Cellular repurchased 647,000 Common Shares for $24.3 million, or an average of $37.53 per Common Share.&nbsp; As of September 30, 2009, U.S. Cellular could have repurchased an additional 1,000 Common Shares for the twelve months then ended under the Limited Authorization.&nbsp; During the nine months ended September 30, 2008, U.S. Cellular repurchased 450,000 Common Shares for $27.7 million, or an average of $61.56 per Common Share.&nbsp; In addition, U.S. Cellular received $4.6 million in cash during the nine months ended September 30, 2008 as a final settlement payment of 2007 Common Share repurchases executed through accelerated share repurchase agreements with an investment banking firm.&nbsp; </FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">19</FONT></P>
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<P><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman">
<A href="#page_2">Table of Contents</A></FONT></P>
<P>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US face="Times New Roman" size=2>15. Accumulated Other Comprehensive Income </FONT></B></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>The cumulative balance of gains on marketable equity securities and related income tax effects included in Accumulated other comprehensive income are as follows:</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>Nine Months Ended<BR>
</FONT></B><B><FONT face="Times New Roman" color=black size=2>September 30,</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>2009&nbsp;</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>2008&nbsp;</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>(Dollars in thousands)</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Balance, beginning of period </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT face="Times New Roman" color=black size=2>$</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>&#151;</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>$</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>&nbsp;10,134</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Add (deduct): </FONT></P>
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</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="14%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12.75pt" vAlign=bottom width="58%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Unrealized gain </FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12.75pt" vAlign=bottom width="14%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>&nbsp;&#151;</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12.75pt" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12.75pt" vAlign=bottom width="14%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>&nbsp;338</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="58%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Deferred income tax expense </FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="14%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>&nbsp;&#151;</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="14%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(124</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12.75pt" vAlign=bottom width="56%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Net change in unrealized gains in comprehensive income </FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid; HEIGHT: 12.75pt" vAlign=bottom width="14%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>&nbsp;&#151;</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12.75pt" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid; HEIGHT: 12.75pt" vAlign=bottom width="14%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>&nbsp;214</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="54%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>&nbsp; </FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="14%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="14%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12.75pt" vAlign=bottom width="58%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Recognized gain (1)</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12.75pt" vAlign=bottom width="14%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>&#151;</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12.75pt" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12.75pt" vAlign=bottom width="14%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>&nbsp;(16,356</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="58%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Income tax expense </FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="14%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>&nbsp;&#151;</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="14%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>&nbsp;6,008</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12.75pt" vAlign=bottom width="56%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Net recognized gain in comprehensive income </FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid; HEIGHT: 12.75pt" vAlign=bottom width="14%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>&nbsp;&#151;</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12.75pt" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid; HEIGHT: 12.75pt" vAlign=bottom width="14%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>&nbsp;(10,348</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="60%" colSpan=4>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Net change in comprehensive income </FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="14%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>&nbsp;&#151;</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="14%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>&nbsp;(10,134</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
<TR style="HEIGHT: 13.5pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 13.5pt" vAlign=bottom width="60%" colSpan=4>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Balance, end of period</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double; HEIGHT: 13.5pt" vAlign=bottom align=left width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=center><FONT face="Times New Roman" color=black size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double; HEIGHT: 13.5pt" vAlign=bottom width="14%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>&nbsp;&#151;</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 13.5pt" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double; HEIGHT: 13.5pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double; HEIGHT: 13.5pt" vAlign=bottom width="14%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>&#151;</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 90%" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 12.75pt">
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.75pt" vAlign=bottom width="86%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Comprehensive income for the nine months ended September 30, 2009 and 2008 was as follows:</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.75pt" vAlign=bottom width="14%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 12.75pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="54%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman" color=black><FONT size=2>&nbsp;</FONT><SUP><FONT size=2>&nbsp;</FONT></SUP></FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="35%" colSpan=6 rowSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>Nine Months Ended<BR>
</FONT></B><B><FONT face="Times New Roman" color=black size=2>September 30,</FONT></B></P>
</TD>
     <TD vAlign=bottom width="1%" rowSpan=2></TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="54%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman" color=black><FONT size=2>&nbsp;</FONT><SUP><FONT size=2>&nbsp;</FONT></SUP></FONT></P>
</TD></TR>
<TR style="HEIGHT: 0.75pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 0.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 0.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 0.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 0.75pt" vAlign=bottom width="54%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman" color=black><FONT size=2>&nbsp;</FONT><SUP><FONT size=2>&nbsp;</FONT></SUP></FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat; HEIGHT: 0.75pt" vAlign=bottom width="16%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>2009&nbsp;</FONT></B></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 0.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-REPEAT: repeat; HEIGHT: 0.75pt" vAlign=bottom width="16%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>2008&nbsp;</FONT></B></P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 13.5pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 13.5pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 13.5pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 13.5pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 13.5pt" vAlign=bottom width="54%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman" color=black><FONT size=2>&nbsp;</FONT><SUP><FONT size=2>&nbsp;</FONT></SUP></FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 13.5pt" vAlign=bottom width="35%" colSpan=6>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>(Dollars in thousands)</FONT></B></P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12.75pt" vAlign=bottom width="60%" colSpan=4>
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=black size=2>Comprehensive Income </FONT></B></P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12.75pt" vAlign=bottom width="14%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12.75pt" vAlign=bottom width="14%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="58%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Net income </FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="14%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>&nbsp;221,171</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="14%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>&nbsp;247,721</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12.75pt" vAlign=bottom width="58%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Net change in accumulated other comprehensive income </FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid; HEIGHT: 12.75pt" vAlign=bottom width="14%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>&#151;</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid; HEIGHT: 12.75pt" vAlign=bottom width="14%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>&nbsp;(10,134</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="58%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Comprehensive income </FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="14%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>&nbsp;221,171</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="14%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>&nbsp;237,587</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12.75pt" vAlign=bottom width="58%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Less: Comprehensive income attributable to the noncontrolling interests</FONT> </P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid; HEIGHT: 12.75pt" vAlign=bottom width="14%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>&nbsp;(17,583</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid; HEIGHT: 12.75pt" vAlign=bottom width="14%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>&nbsp;(14,613</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
<TR style="HEIGHT: 13.5pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 13.5pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 13.5pt" vAlign=bottom width="58%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Comprehensive income attributable to U.S. Cellular</FONT> </P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 2.25pt double; BACKGROUND-REPEAT: repeat; HEIGHT: 13.5pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 2.25pt double; BACKGROUND-REPEAT: repeat; HEIGHT: 13.5pt" vAlign=bottom width="14%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>&nbsp;203,588</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 13.5pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 2.25pt double; BACKGROUND-REPEAT: repeat; HEIGHT: 13.5pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 2.25pt double; BACKGROUND-REPEAT: repeat; HEIGHT: 13.5pt" vAlign=bottom width="14%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>&nbsp;222,974</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<HR align=left width="20%" color=#000000 SIZE=1>
<P style="MARGIN: 0in 0in 0pt"></P>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in"><FONT lang=EN-US face="Times New Roman" size=2>(1)&nbsp;&nbsp; See Note 9 &#151; Gain on Disposition of Investments for additional details on the disposition of marketable equity securities.</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT lang=EN-US style="LAYOUT-GRID-MODE: line" face="Times New Roman" size=2>20</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center>&nbsp;</P>
<HR align=center width="100%" color=#000000 noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
<A name="page_21"></A>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="LAYOUT-GRID-MODE: line" face="Times New Roman" size=2></FONT></B>&nbsp;</P>
<P><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman">
<A href="#page_2">Table of Contents</A></FONT></P>
<P><B><FONT lang=EN-US style="LAYOUT-GRID-MODE: line" face="Times New Roman" size=2></FONT></B>&nbsp;</P>
<P><B><FONT lang=EN-US style="LAYOUT-GRID-MODE: line" face="Times New Roman" size=2>16. Supplemental Cash Flow Disclosures</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="LAYOUT-GRID-MODE: line" face="Times New Roman" size=2>The following represents cash flow information related to the issuance of Common Shares pursuant to stock-based compensation awards:</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 15pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 15pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 15pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 15pt" vAlign=bottom width="54%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black><FONT size=2></FONT></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 15pt" vAlign=bottom width="37%" colSpan=6 rowSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>Nine Months Ended<BR>
</FONT></B><B><FONT face="Times New Roman" color=black size=2>September 30,</FONT></B></P>
</TD>
     <TD vAlign=bottom width="1%" rowSpan=2></TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="54%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black><FONT size=2></FONT></FONT>&nbsp;</P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="54%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="17%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>2009&nbsp;</FONT></B></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="17%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>2008&nbsp;</FONT></B></P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="54%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="37%" colSpan=6>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>(Dollars in thousands)</FONT></B></P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12.75pt" vAlign=bottom width="58%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Common Shares withheld (1)</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12.75pt" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>34,418</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12.75pt" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>287,609</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="54%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>&nbsp; </FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12.75pt" vAlign=bottom width="58%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Aggregate value of Common Shares withheld </FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12.75pt" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>1,245</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12.75pt" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>16,875</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="54%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>&nbsp; </FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12.75pt" vAlign=bottom width="58%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Cash receipts upon exercise of stock options </FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12.75pt" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>1,126</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12.75pt" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>3,266</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="58%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Cash disbursements for payment of taxes (2)</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>(1,245</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 1px" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>(4,552</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 1px" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="58%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Net cash disbursements from exercise of stock <FONT face="Times New Roman" color=#000000 size=2>options and vesting of other stock awards</FONT></FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>(119</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 3px; BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>(1,286</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 3px; BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<HR align=left width="20%" color=#000000 SIZE=1>
<P style="MARGIN: 0in 0in 0pt"></P>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in"><FONT lang=EN-US face="Times New Roman" size=2>(1)&nbsp;&nbsp; Such shares were withheld to cover the exercise price of stock options, if applicable, and required tax withholdings.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in"><FONT lang=EN-US face="Times New Roman" size=2>(2)&nbsp;&nbsp; In certain situations, U.S. Cellular withholds shares that are issuable upon the exercise of stock options or the vesting of restricted shares to cover, and with a value equivalent to, the exercise price and/or the amount of taxes required to be withheld from the stock award holder at the time of the exercise or vesting.&nbsp; U.S. Cellular then pays the amount of the required tax withholdings to the taxing authorities in cash.</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="LAYOUT-GRID-MODE: line" face="Times New Roman" size=2>17. Subsequent Events</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT face="Times New Roman" color=black size=2>U.S. Cellular evaluated subsequent events from September 30, 2009 through November 5, 2009, the issuance date&nbsp;of these financial statements.&nbsp; During this period, there have been no significant subsequent events&nbsp;that require adjustment to or disclosure in the financial statements as of September 30, 2009 and for the nine months then ended. </FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT lang=EN-US face="Times New Roman" size=2>21</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
<HR align=center width="100%" color=#000000 noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
<A name="page_22"></A>
<P style="MARGIN: 0in 0in 0pt 0.25in; PAGE-BREAK-AFTER: auto; LINE-HEIGHT: normal"><B><U><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2></FONT></U></B>&nbsp;</P>
<P><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman">
<A href="#page_2">Table of Contents</A></FONT></P>
<P>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in; PAGE-BREAK-AFTER: auto; LINE-HEIGHT: normal"><B><U><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>Item 2. Management's Discussion and Analysis of Financial Condition </FONT></U></B><B><U><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>and Results of Operations</FONT></U></B></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>United States Cellular Corporation (&#147;U.S. Cellular&#174;&#148;) owns, operates and invests in wireless markets throughout the United States. U.S. Cellular is an 82%-owned subsidiary of Telephone and Data Systems, Inc. (&#147;TDS&#153;&#148;) as of September 30, 2009.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>The following discussion and analysis should be read in conjunction with U.S. Cellular&#146;s interim consolidated financial statements included in Item 1 above, and with its audited consolidated financial statements and Management's Discussion and Analysis of Financial Condition and Results of Operations included in its Annual Report on Form 10-K (&#147;Form 10-K&#148;) for the year ended December 31, 2008.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><B><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>OVERVIEW</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>The following is a summary of certain selected information contained in the comprehensive Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations that follows. The overview does not contain all of the information that may be important. You should carefully read the entire Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations and not rely solely on the overview.</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>U.S. Cellular provides wireless telecommunications services to approximately 6.1&nbsp;million customers in five geographic market areas in 26 states. As of September 30, 2009, U.S. Cellular&#146;s average penetration rate in its consolidated operating markets, calculated by dividing U.S. Cellular&#146;s total customers by the total population of 46.3 million in such markets, was 13.2%. U.S. Cellular operates on a customer satisfaction strategy, meeting customer needs by providing a comprehensive range of wireless products and services, excellent customer support, and a high-quality network. U.S. Cellular&#146;s business development strategy is to operate controlling interests in wireless licenses in areas adjacent to or in proximity to its other wireless licenses, thereby building contiguous operating market areas. U.S. Cellular believes that operating in contiguous market areas will continue t
o provide it with certain economies in its capital and operating costs. Financial and operating highlights in the first nine months of 2009 included the following: </FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN-LEFT: 0.5in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: char" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2>Total customers were 6,131,000 at September 30, 2009, including 5,705,000 retail customers. </FONT></FONT></P>
<P style="MARGIN-LEFT: 0.5in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: char" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2>Retail customer net losses were 2,000 in the first nine months of 2009 compared to 116,000 net additions in 2008. The decrease year-over-year reflected higher churn rates, due to the weak economy and very competitive industry conditions including the increased impacts of unlimited prepay service providers in certain of U.S. Cellular&#146;s markets.&nbsp;</FONT></FONT></P>
<P style="MARGIN-LEFT: 0.5in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: char" face="Times New Roman">&nbsp;<FONT face=Symbol size=2>&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="Times New Roman">Postpay customers comprised approximately 96% of U.S. Cellular&#146;s retail customer base as of September 30, 2009. Postpay net additions were 36,000 in the first nine months of 2009 compared to 117,000 in 2008. The postpay churn rate was 1.6% in 2009.</FONT></FONT></FONT></P>
<P style="MARGIN-LEFT: 0.5in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: char" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>Service revenues of $2,941.6 million decreased $21.8 million year-over-year, due primarily to a decrease of $59.4 million (24%) in inbound roaming revenues. Retail service revenue grew by $25.9 million (1%) due to increases in the average number of customers and the average monthly retail service revenue per customer.</FONT></P>
<P style="MARGIN-LEFT: 0.5in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: char" face="Times New Roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face=Symbol>&#183;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>Cash flows from operating activities were $637.7 million. At September 30, 2009, Cash and cash equivalents totaled $404.9 million and there were no outstanding borrowings under the revolving credit facility.</FONT></P>
<P style="MARGIN-LEFT: 0.5in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: char" face="Times New Roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: char" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>On June 30, 2009, U.S. Cellular entered into a new $300 million revolving credit agreement with certain lenders and other parties.&nbsp; As a result, U.S. Cellular&#146;s $700 million revolving credit agreement, which was due to expire in December 2009, was terminated on June 30, 2009 as a condition of entering into the new agreement.&nbsp; The new revolving credit agreement provides U.S. Cellular with a $300 million senior revolving credit facility for working capital, acquisitions and other corporate purposes and to refinance any existing debt of U.S. Cellular.</FO
NT></P>
<P style="MARGIN-LEFT: 0.5in; TEXT-INDENT: -0.25in" align=justify><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: char" face="Times New Roman"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: char" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>Additions to property, plant and equipment totaled $357.8 million, including expenditures to construct cell sites, increase capacity in existing cell sites and switches, expand mobile broadband services based on third generation Evolution Data Optimized technology (&#147;3G&#148;) to additional markets, outfit new and remodel existing retail stores and continue the development and enhancement of U.S. Cellular&#146;s office systems. Total cell sites in service increased 7% year-over-year to 7,161.</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>22</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT face="Times New Roman"></FONT>&nbsp;</P>
<HR align=center width="100%" color=#000000 noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
<A name="page_23"></A>
<P style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face=Symbol></FONT>&nbsp;</P>
<FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman">
<A href="#page_2">Table of Contents</A></FONT>
<P style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face=Symbol></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: char" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman"><FONT size=2>As a proof point of its customer satisfaction strategy and Believe in Something Better</FONT><SUP><FONT size=2>TM </FONT></SUP><FONT size=2>brand message, U.S. Cellular launched its new Battery Swap program in May 2009. Under this program, a customer can exchange a battery that is dead or dying for one that is fully charged, at no cost to the customer. U.S. Cellular is the first wireless company to offer this service in the United States, and hundreds of thousands of customers have taken advantage of it. </FONT></FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.5in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: char" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>U.S. Cellular began efforts on a number of multi-year initiatives including the development of: a new point-of-sale system to consolidate billing on one platform; an Electronic Data Warehouse/Customer Relationship Management System to collect and analyze information more efficiently to build and improve customer relationships; and a new Internet/Web platform to enable customers to complete a wide range of transactions and, eventually, to manage their accounts online.&nbsp; </FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: char" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>Operating income decreased $43.4 million, or 12%, to $313.4 million in 2009 from $356.8 million in 2008.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.5in"><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>U.S. Cellular anticipates that future growth in its operating income will be affected by the following factors:</FONT></P>
<P style="MARGIN-LEFT: 0.85in; TEXT-INDENT: -0.35in"><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>-</FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>Overall demand for U.S. Cellular&#146;s products and services, including potential growth in revenues from data products and services;</FONT></P>
<P style="MARGIN-LEFT: 0.85in; TEXT-INDENT: -0.35in"><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>-</FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>Increasing penetration in the wireless industry;</FONT></P>
<P style="MARGIN-LEFT: 0.87in; TEXT-INDENT: -0.37in"><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>-</FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>Increased competition in the wireless industry, including potential reductions in pricing for products and services overall and impacts associated with the expanding presence of carriers offering low-priced, unlimited&nbsp;prepay service; </FONT></P>
<P style="MARGIN-LEFT: 0.85in; TEXT-INDENT: -0.35in"><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>-</FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>Uncertainty related to current economic conditions and their impact on customer purchasing and payment behaviors;</FONT></P>
<P style="MARGIN-LEFT: 0.85in; TEXT-INDENT: -0.35in"><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>-</FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>Costs of customer acquisition and retention, such as equipment subsidies and advertising;</FONT></P>
<P style="MARGIN-LEFT: 0.85in; TEXT-INDENT: -0.35in"><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>-</FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>Industry consolidation and the resultant effects on roaming revenues, service and equipment pricing and other effects of competition;</FONT></P>
<P style="MARGIN-LEFT: 0.85in; TEXT-INDENT: -0.35in"><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>-</FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>Providing service in recently launched areas or potential new market areas; </FONT></P>
<P style="MARGIN-LEFT: 0.85in; TEXT-INDENT: -0.35in"><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>-</FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>Potential increases or decreases in prepay and reseller customers as a percentage of U.S. Cellular&#146;s customer base; </FONT></P>
<P style="MARGIN-LEFT: 0.85in; TEXT-INDENT: -0.35in"><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>-</FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>Costs of developing and introducing new products and services; </FONT></P>
<P style="MARGIN-LEFT: 0.87in; TEXT-INDENT: -0.37in"><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>-</FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>Costs of developing and enhancing office and customer support systems, including costs and risks associated with the completion of important multi-year initiatives such as those described above;</FONT></P>
<P style="MARGIN-LEFT: 0.85in; TEXT-INDENT: -0.35in"><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>-</FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>Continued enhancements to its wireless networks, including expansion of 3G services and potential deployments of new technology;</FONT></P>
<P style="MARGIN-LEFT: 0.85in; TEXT-INDENT: -0.35in"><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>-</FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>Increasing costs of regulatory compliance; and</FONT></P>
<P style="MARGIN-LEFT: 0.85in; TEXT-INDENT: -0.35in"><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>-</FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>Uncertainty in future eligible telecommunication carrier (&#147;ETC&#148;) funding.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: char" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">Net income attributable to U.S. Cellular decreased $29.5 million, or 13%, to $203.6 million in 2009 compared to $233.1 million in 2008, due primarily to lower operating income.&nbsp; Basic earnings per share was $2.34 in 2009, which was $0.32 lower than in 2008, and Diluted earnings per share was $2.33, which was $0.32 lower than in 2008.</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">23</FONT></P>
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<P><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman">
<A href="#page_2">Table of Contents</A></FONT></P>
<P>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><B><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>Cash Flows and Investments </FONT></B></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>U.S. Cellular believes that cash on hand, expected future cash flows from operating activities and sources of external financing provide substantial liquidity and financial flexibility and are sufficient to permit U.S. Cellular to finance its contractual obligations and anticipated capital expenditures for the foreseeable future. U.S. Cellular continues to seek to maintain a strong balance sheet and an investment grade credit rating.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>See &#147;Financial Resources&#148; and &#147;Liquidity and Capital Resources&#148; below for additional information related to cash flows and investments, including information related to U.S. Cellular&#146;s new revolving agreement and the impacts of recent economic events.</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><B><FONT lang=EN-US face="Times New Roman" size=2>Recent Developments</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>Congress recently enacted the American Recovery and Reinvestment Act of 2009, or the Recovery Act, which provides, among other things, for an aggregate appropriation of $7.2 billion to fund grants and loans to provide broadband infrastructure, access and equipment to consumers residing in rural, unserved or underserved areas of the United States. The application deadline for the first round of funding was August 24, 2009. U.S. Cellular submitted applications for grants. There is no assurance that U.S. Cellular will receive any grants of Recovery Act funds. The distribution of Recovery Act funds to other telecommunications service providers could impact competition in certain of U.S. Cellular&#146;s service areas.</FONT></P>
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<P style="MARGIN: 0in 0in 0pt 0.25in"><B><FONT lang=EN-US face="Times New Roman" size=2>2009 Estimates</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>U.S. Cellular expects the factors described above to impact revenues and operating income for the next several quarters. Any changes in the above factors, as well as the effects of other drivers of U.S. Cellular&#146;s operating results, may cause revenues and operating income to fluctuate over the next several quarters.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>U.S. Cellular&#146;s estimates of full-year 2009 results are shown below. Such estimates represent U.S. Cellular&#146;s views as of the date of filing of U.S. Cellular&#146;s Form&nbsp;10-Q for the nine months ended September 30, 2009. Such forward&#8209;looking statements should not be assumed to be accurate as of any future date. U.S. Cellular undertakes no duty to update such information whether as a result of new information, future events or otherwise. There can be no assurance that final results will not differ materially from such estimated results.</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman" color=black><FONT size=2>&nbsp;</FONT><SUP><FONT size=2>&nbsp;</FONT></SUP></FONT></B></P>
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     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-REPEAT: repeat; HEIGHT: 12pt" vAlign=bottom width="20%" rowSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>2009<BR>
</FONT></B><B><FONT face="Times New Roman" color=black size=2>Estimated&nbsp;Results</FONT></B></P>
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     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-REPEAT: repeat; HEIGHT: 12pt" vAlign=bottom width="20%" rowSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>2008<BR>
</FONT></B><B><FONT face="Times New Roman" color=black size=2>Actual&nbsp;Results</FONT></B></P>
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     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12pt" vAlign=bottom width="54%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT style="FONT-SIZE: 9pt" face="Times New Roman" color=black><FONT size=2>&nbsp;</FONT><SUP><FONT size=2>&nbsp;</FONT></SUP></FONT></B></P>
</TD>
     <TD vAlign=bottom width="2%"></TD></TR>
<TR style="HEIGHT: 12pt">
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<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Service revenues&nbsp; </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>$3,900-$3,950 million</FONT></P>
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     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND: #cceeff; HEIGHT: 12pt" vAlign=bottom width="20%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>$3,940.3 million</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Operating income (1) (2)</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>$300-$375 million</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>$27.7 million</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Depreciation, amortization and accretion expenses (1) (2)</FONT></P>
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     <TD style="BACKGROUND: #cceeff; HEIGHT: 12.75pt" vAlign=bottom width="20%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>Approx. $600 million</FONT></P>
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     <TD style="BACKGROUND: #cceeff; HEIGHT: 12.75pt" vAlign=bottom width="20%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>$987.0 million</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 9pt" face="Times New Roman" color=black><FONT size=2>Capital expenditures </FONT><SUP><FONT size=2>&nbsp;</FONT></SUP></FONT></P>
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     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="20%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>Approx. $575 million</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=black size=2>$585.6 million</FONT></P>
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<P style="MARGIN: 0in 0in 0pt 45pt; TEXT-INDENT: -0.25in"><FONT size=2></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt 45pt; TEXT-INDENT: -0.25in"><FONT lang=EN-US face="Times New Roman" color=black size=2>(1)&nbsp;&nbsp;&nbsp;2008 Actual Results include losses on disposals of $23.4 million and impairment of assets of $386.7 million. The 2009 Estimated Results include only the estimate for Depreciation, amortization and accretion expenses and losses on disposals of assets, and do not include any estimate for losses on impairment of assets since these cannot be predicted.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 45pt; TEXT-INDENT: -0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 45pt; TEXT-INDENT: -0.25in"><FONT lang=EN-US face="Times New Roman" color=black size=2>(2)&nbsp;&nbsp;&nbsp;The 2008 loss on impairment of assets of $386.7 million is not expected to have an impact on future operating results and liquidity.&nbsp; In addition, historical operating results, including the 2008 impairment, are not necessarily indicative of future operating results.</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>U.S. Cellular management currently believes that the foregoing estimates represent a reasonable view of what is achievable considering actions that U.S. Cellular has taken and will be taking. However, the current general economic conditions have created a challenging business environment that could significantly impact actual results. U.S. Cellular expects to continue its focus on customer satisfaction by delivering a high quality network, attractively priced service plans, a broad line of handsets and other products, and outstanding customer service in its company-owned and agent retail stores and customer care centers. U.S. Cellular believes that future growth in its revenues will result primarily from selling additional products and services to its existing customers, increasing the number of multi&#8209;device users among its existing customers, and attracting wireless users switching from 
other wireless carriers, rather than by adding users that are new to wireless service. U.S. Cellular is focusing on opportunities to increase revenues, pursuing cost reduction initiatives in various areas and implementing a number of initiatives to enable future growth. The initiatives are intended, among other things, to allow U.S. Cellular to accelerate its introduction of new products and services, better segment its customers for new services and retention, sell additional services such as data, expand its Internet sales and customer service capabilities, and improve its prepay products and services.</FONT></P>
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<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-ALIGN: center" align=center><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>24</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>RESULTS OF OPERATIONS</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><B><U><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>Nine Months Ended September 30, 2009 Compared to Nine Months Ended September 30, 2008</FONT></U></B></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>Following is a table of summarized operating data for U.S. Cellular&#146;s consolidated operations.</FONT> </P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 90%" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 12pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat; HEIGHT: 12pt" vAlign=bottom width="56%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=black size=2>As of September 30, (1)</FONT></B></P>
</TD>
     <TD vAlign=bottom width="2%"></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width="17%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>2009</FONT></B></P>
</TD>
     <TD vAlign=bottom width="1%">&nbsp;</TD>
     <TD vAlign=bottom width="2%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat; HEIGHT: 12pt" vAlign=bottom width="17%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>2008&nbsp;</FONT></B></P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD vAlign=bottom width="4%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="56%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Total market population of consolidated operating markets (2)</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="2%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>46,306,000</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>45,493,000</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD vAlign=bottom width="4%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="56%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Customers (3)</FONT></P>
</TD>
     <TD vAlign=bottom width="2%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>6,131,000</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>6,176,000</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD vAlign=bottom width="4%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="56%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Market penetration (2)</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="2%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>13.2 </FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>%</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>13.6</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>%</FONT></TD></TR>
<TR>
     <TD vAlign=bottom width="4%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="56%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Total full-time equivalent employees (4)</FONT></P>
</TD>
     <TD vAlign=bottom width="2%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>8,735</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>8,414</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD vAlign=bottom width="4%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="56%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Cell sites in service&nbsp; </FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="2%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>7,161</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>6,716</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 90%" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 12.75pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="56%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=black size=2>For the Nine Months Ended September 30, </FONT></B><FONT face="Times New Roman" color=black size=2>(5)</FONT></P>
</TD>
     <TD vAlign=bottom width="2%"></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width="17%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>2009</FONT></B></P>
</TD>
     <TD vAlign=bottom width="1%">&nbsp;</TD>
     <TD vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="17%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>2008&nbsp;</FONT></B></P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="56%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Net retail customer additions (losses) (6)</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>(2,000</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>116,000</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="56%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Net customer additions (losses) (6)</FONT></P>
</TD>
     <TD vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>(65,000</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>72,000</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="56%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Average monthly service revenue per customer (7)</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>52.83</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;53.40</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="56%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Postpay churn rate (8)</FONT></P>
</TD>
     <TD vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>1.6</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>%</FONT></TD>
     <TD vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>1.4</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>%</FONT></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US face="Times New Roman" size=2>(1)</FONT><FONT lang=EN-US face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;</FONT><FONT lang=EN-US face="Times New Roman" size=2>Amounts include results for U.S. Cellular&#146;s consolidated operating markets as of September 30.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US face="Times New Roman" size=2>(2)</FONT><FONT lang=EN-US face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;</FONT><FONT lang=EN-US face="Times New Roman" size=2>Calculated using 2008 and 2007 Claritas population estimates for 2009 and 2008, respectively. &#147;Total market population of consolidated operating markets&#148; is used only for the purposes of calculating market penetration of consolidated operating markets, which is calculated by dividing customers by the total market population (without duplication of population in overlapping markets).</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.75in"><FONT lang=EN-US face="Times New Roman" size=2>The total market population and penetration measures for consolidated operating markets apply to markets in which U.S. Cellular provides wireless service to customers. For comparison purposes, total market population and penetration related to all consolidated markets in which U.S. Cellular owns an interest were 85,118,000 and 7.2%, and 82,875,000 and 7.5%, as of September 30, 2009 and 2008, respectively.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 36.7pt"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.75in"><FONT lang=EN-US face="Times New Roman" size=2>As a result of exchange transactions with AT&amp;T that closed in August&nbsp;2003, U.S. Cellular obtained rights to acquire additional licenses, a majority of which licenses have been acquired and are reflected in the total market population of consolidated markets as of September&nbsp;30, 2009.&nbsp; During the first nine months of 2009, U.S. Cellular acquired all but one of the remaining licenses pursuant to this exchange agreement which increased total market population&nbsp;of consolidated markets by 1,392,000, but had no impact on the population of consolidated operating markets.&nbsp; The acquisition of these licenses did not require U.S. Cellular to provide any consideration to AT&amp;T beyond that already provided in conjunction with the August&nbsp;2003 exchange transaction and, thus, did not cause a change in U.S. Cellular&#146;s Licenses balance in 2009.&nbsp; U.S. Cellular continues to have a right under the Aug
ust&nbsp;2003 exchange agreement to acquire a majority interest in one additional license; that right does not have a stated expiration date.</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US face="Times New Roman" size=2>(3)</FONT><FONT lang=EN-US face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;</FONT><FONT lang=EN-US face="Times New Roman" size=2>U.S. Cellular&#146;s customer base consists of the following types of customers:</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 90%" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 12.75pt">
     <TD vAlign=bottom width="6%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="4%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="58%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="26%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>September 30,</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD vAlign=bottom width="6%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="4%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="58%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>2009&nbsp;</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>2008&nbsp;</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 10.5pt">
     <TD vAlign=bottom width="6%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="68%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Customers on postpay service plans in which the end user is a </FONT><FONT face="Times New Roman" color=#000000 size=2>customer of U.S. Cellular&nbsp; </FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>&nbsp;&nbsp; (&#147;postpay customers&#148;)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom align=right width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>5,456,000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>5,379,000</FONT></P>
</TD></TR>
<TR style="HEIGHT: 10.5pt">
     <TD vAlign=bottom width="6%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="68%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Customers on prepay service plans in which the end user is a </FONT><FONT face="Times New Roman" color=#000000 size=2>customer of U.S. Cellular&nbsp; </FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>&nbsp;&nbsp; (&#147;prepay customers&#148;) </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>249,000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>295,000</FONT></P>
</TD></TR>
<TR style="HEIGHT: 10.5pt">
     <TD vAlign=bottom width="6%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="68%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Total retail customers</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>5,705,000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>5,674,000</FONT></P>
</TD></TR>
<TR style="HEIGHT: 10.5pt">
     <TD vAlign=bottom width="6%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="68%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>End user customers acquired through U.S. Cellular&#146;s agreements with </FONT><FONT face="Times New Roman" color=black size=2>third parties&nbsp; </FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>&nbsp;&nbsp; (&#147;reseller customers&#148;)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>426,000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>502,000</FONT></P>
</TD></TR>
<TR style="HEIGHT: 10.5pt">
     <TD vAlign=bottom width="6%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="68%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Total customers </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>6,131,000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>6,176,000</FONT></P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US face="Times New Roman" size=2>(4)</FONT><FONT lang=EN-US face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;</FONT><FONT lang=EN-US face="Times New Roman" size=2>Part-time employees are calculated at 70% of full-time employees in 2009 and at 50% of full-time employees in 2008.&nbsp; Total full-time equivalent employees would have been 8,653 in 2008 if calculated using the current year percentage. </FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US face="Times New Roman" size=2>(5)</FONT><FONT lang=EN-US face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;</FONT><FONT lang=EN-US face="Times New Roman" size=2>Amounts include results for U.S. Cellular&#146;s consolidated operating markets for the period January&nbsp;1 through September 30; operating markets acquired during a particular period are included as of the acquisition date.</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US face="Times New Roman" size=2>(6)</FONT><FONT lang=EN-US face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;</FONT><FONT lang=EN-US face="Times New Roman" size=2>&#147;Net retail customer additions (losses)&#148; represents the number of net customers added to (or deducted from) U.S. Cellular&#146;s retail customer base through its marketing distribution channels; this measure excludes activity related to reseller customers and customers transferred through acquisitions, divestitures or exchanges.&nbsp; &#147;Net customer additions (losses)&#148; represents the number of net customers added to (or deducted from) U.S. Cellular&#146;s overall customer base through its marketing distribution channels; this measure includes activity related to reseller customers but excludes activity related to customers transferred through acquisitions, divestitures or exchanges.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US face="Times New Roman" size=2>(7)</FONT><FONT lang=EN-US face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;</FONT><FONT lang=EN-US face="Times New Roman" size=2>Management uses this measurement to assess the amount of service revenue that U.S. Cellular generates each month on a per customer basis. Variances in this measurement are monitored and compared to variances in expenses on a per customer basis. Average monthly service revenue per customer is calculated as follows:</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.75in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT lang=EN-US face="Times New Roman" size=2>25</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center>&nbsp;</P>
<HR align=center width="100%" color=#000000 noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
<P>
<A name="page_26"></A></P>
<P><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman">
<A href="#page_2">Table of Contents</A></FONT></P>
<P></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 75%" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 12.75pt">
     <TD vAlign=bottom width="5%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="67%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="24%" colSpan=4>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>Nine Months Ended<BR>
September 30,</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD vAlign=bottom width="5%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="67%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="12%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>2009&nbsp;</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="12%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>2008&nbsp;</FONT></B></P>
</TD></TR>
<TR>
     <TD vAlign=bottom width="5%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="67%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Service revenues per Consolidated Statements of Operations (000s) </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>2,941,552&nbsp;</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;2,963,374&nbsp;</FONT></P>
</TD></TR>
<TR>
     <TD vAlign=bottom width="5%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="67%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Divided by average customers during period (000s)* </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=top width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>6,187&nbsp;</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>6,166&nbsp;</FONT></P>
</TD></TR>
<TR>
     <TD vAlign=bottom width="5%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="67%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Divided by number of months in each period </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=top width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>9&nbsp;</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>9&nbsp;</FONT></P>
</TD></TR>
<TR>
     <TD vAlign=bottom width="5%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="67%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Average monthly service revenue per customer </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 2.25pt double; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 2.25pt double; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;52.83&nbsp;</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 2.25pt double; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 2.25pt double; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;53.40&nbsp;</FONT></P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US face="Times New Roman" color=black size=2>*&nbsp;&nbsp;&nbsp;&#147;Average customers during period&#148; is calculated by adding the number of total customers, including reseller customers, at the beginning of the first month of the period and at the end of each month in the period and dividing by the number of months in the period plus one. Acquired and divested customers are included in the calculation on a prorated basis for the amount of time U.S. Cellular included such customers during each period.</FONT></P>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US face="Times New Roman" size=2>(8)</FONT><FONT lang=EN-US face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;</FONT><FONT lang=EN-US face="Times New Roman" size=2>Postpay churn rate represents the percentage of the postpay customer base that disconnects service each month. </FONT></P>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><B><FONT lang=EN-US face="Times New Roman" size=2>Components of Operating Income</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 90%" cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=bottom width="3%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="44%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=#000000 size=2>Nine Months Ended September 30,</FONT></B></P>
</TD>
     <TD vAlign=bottom width="2%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>2009&nbsp;</FONT></B></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>2008&nbsp;</FONT></B></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>Increase/ (Decrease)</FONT></B></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="2%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>Percentage Change</FONT></B></P>
</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width="1%"></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD vAlign=bottom width="3%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=top width="2%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=top width="49%" colSpan=11>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>(Dollars in thousands)</FONT></B></P>
</TD>
     <TD vAlign=top width="1%"></TD>
     <TD vAlign=top width="1%"></TD></TR>
<TR>
     <TD vAlign=top width="3%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="44%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Retail service </FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom align=left width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=right><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>2,611,174</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom align=left width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=right><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;2,585,259</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom align=left width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=right><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;25,915</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>1</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>%</FONT></TD></TR>
<TR>
     <TD vAlign=top width="3%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=top width="44%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Inbound roaming </FONT></P>
</TD>
     <TD vAlign=top width="2%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=top width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>191,047</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;250,428</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(59,381</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(24</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>%</FONT></TD></TR>
<TR>
     <TD vAlign=top width="3%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="44%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Other </FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=top width="2%"></TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=top width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>139,331</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;127,687</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;11,644</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>9</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>%</FONT></TD></TR>
<TR>
     <TD vAlign=bottom width="3%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=top width="42%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Service revenues </FONT></P>
</TD>
     <TD vAlign=top width="2%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=top width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>2,941,552</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>2,963,374</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(21,822</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(1</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>%</FONT></TD></TR>
<TR>
     <TD vAlign=top width="3%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="44%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Equipment sales </FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=top width="2%"></TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=top width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>212,062</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;226,949</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(14,887</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(7</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>%</FONT></TD></TR>
<TR>
     <TD vAlign=bottom width="3%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=top width="42%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Total operating revenues </FONT></P>
</TD>
     <TD vAlign=top width="2%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=top width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>3,153,614</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;3,190,323</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(36,709</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(1</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>%</FONT></TD></TR>
<TR>
     <TD vAlign=top width="3%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="44%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=top width="2%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=top width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD vAlign=top width="3%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=top width="44%" colSpan=3><FONT style="FONT-SIZE: 9pt" face="Times New Roman" color=#000000>
<P style="MARGIN: 0in 0in 0pt 0.15in; TEXT-INDENT: -0.15in"><FONT size=2>System operations (excluding Depreciation, amortization and accretion reported below)</FONT></P>
</FONT></TD>
     <TD vAlign=top width="2%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=top width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>600,267</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;585,141</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;15,126</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>3</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>%</FONT></TD></TR>
<TR>
     <TD vAlign=top width="3%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="44%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Cost of equipment sold </FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=top width="2%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=top width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>531,110</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;540,182</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(9,072</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(2</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>%</FONT></TD></TR>
<TR>
     <TD vAlign=top width="3%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=top width="44%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Selling, general and administrative </FONT></P>
</TD>
     <TD vAlign=top width="2%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=top width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>1,277,357</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;1,258,177</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;19,180</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>2</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>%</FONT></TD></TR>
<TR>
     <TD vAlign=top width="3%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="44%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Depreciation, amortization and accretion </FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=top width="2%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=top width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>423,851</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;433,222</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(9,371</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(2</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>%</FONT></TD></TR>
<TR>
     <TD vAlign=top width="3%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=top width="44%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Loss on asset disposals, net</FONT></P>
</TD>
     <TD vAlign=top width="2%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=top width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>7,648</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;16,776</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(9,128</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(54</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>%</FONT></TD></TR>
<TR>
     <TD vAlign=bottom width="3%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="42%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Total operating expenses </FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=top width="2%"></TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=top width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>2,840,233</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>2,833,498</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;6,735</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD vAlign=bottom width="3%"></TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Operating income </FONT></P>
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     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 2.25pt double; BACKGROUND-REPEAT: repeat" vAlign=bottom align=left width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=right><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
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     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 2.25pt double; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>313,381</FONT></P>
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     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 2.25pt double; BACKGROUND-REPEAT: repeat" vAlign=bottom align=left width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=right><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
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     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 2.25pt double; BACKGROUND-REPEAT: repeat" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>356,825</FONT></P>
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     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 2.25pt double; BACKGROUND-REPEAT: repeat" vAlign=bottom align=left width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=right><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 2.25pt double; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(43,444</FONT></P>
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     <TD style="PADDING-BOTTOM: 3px" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(12</FONT></P>
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     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>%</FONT></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><B><FONT lang=EN-US face="Times New Roman" size=2>Operating Revenues</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt 0.25in">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><B><I><FONT face="Times New Roman" color=black size=2>Service revenues</FONT></I></B></P>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT face="Times New Roman" color=black size=2>Service revenues consist primarily of: (i) charges for access, airtime, roaming, recovery of regulatory costs and value&#8209;added services, including data products and services and long distance, provided to U.S. Cellular&#146;s retail customers and to end users through third&#8209;party resellers (&#147;retail service&#148;); (ii)charges to other wireless carriers whose customers use U.S. Cellular&#146;s wireless systems when roaming, including long-distance roaming (&#147;inbound roaming&#148;); and (iii);amounts received from the Federal Universal Service Fund (&#147;USF&#148;).</FONT></P>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><B><I><FONT face="Times New Roman" color=black size=2>Retail service revenues</FONT></I></B></P>
<P style="MARGIN: 0in 0in 0pt 0.25in">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT face="Times New Roman" color=black size=2>The increase in Retail service revenues in 2009 was due to increases in both the average number of customers and the average monthly retail service revenue per customer. The average number of customers increased to 6,187,000 in 2009 from 6,166,000 in 2008.&nbsp; Average monthly retail service revenue per customer increased 1% to $46.89 in 2009 from $46.59 in 2008, as a significant increase in revenues from data products and services more than offset a decline in revenues from voice services.&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT face="Times New Roman" color=black size=2>Revenues from data products and services totaled $493.2&nbsp;million in 2009 and $369.6 million in 2008, and represented 17% of total service revenues in 2009 compared to 12% of total service revenues in 2008. Such growth, which positively impacted average monthly retail service revenue per customer, reflected customers&#146; continued and increasing usage of U.S. Cellular&#146;s text, picture, and video messaging services, </FONT><B><FONT lang=EN-US face="Times New Roman" size=2>easy</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"><FONT size=2>edge</FONT><SUP><FONT size=2>SM</FONT></SUP><FONT size=2> service and applications, premium mobile Internet services, and smartphone handsets and services.&nbsp; During the nine months ended September 30, 2009, U.S. Cellular introduced unlimited messaging plans </FONT></FONT><FONT lang=EN-US face="Times New Roman" size=2>and unlimited messaging and mobile In
ternet plans that further drove data usage and revenues. U.S. Cellular expects that the growth in revenues from data products and services will continue as customers migrate to the new unlimited plans and utilize U.S. Cellular&#146;s 3G network. U.S. Cellular&#146;s 3G network covered approximately 75% of its customers as of September 30, 2009.</FONT></P>
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<P style="MARGIN: 0in 0in 0pt 0.25in" align=center><FONT size=2>26</FONT></P>
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<P><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman">
<A href="#page_2">Table of Contents</A></FONT></P>
<P><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>Revenues from voice services declined year-over-year primarily due to a reduction in average voice revenue per customer.&nbsp; The reduction in average voice revenue per customer reflects industry competition which has resulted in lower pricing overall as well as growth in family plans and service plans with enhanced coverage areas and value (such as free incoming calls and unlimited minutes).&nbsp; Also, decreases in the prepay customer base and the average revenue per prepay customer contributed to a decline in prepay voice revenues. U.S. Cellular expects continued pressure on revenues from voice services in the foreseeable future due to industry competition related to service plan offerings.&nbsp; </FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><B><I><FONT lang=EN-US face="Times New Roman" size=2>Inbound roaming revenues</FONT></I></B></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>The decrease in Inbound roaming revenues in 2009 was due primarily to a decline in roaming revenues from the combined entity of Verizon Wireless (&#147;Verizon&#148;) and Alltel Corporation (&#147;Alltel&#148;). In January 2009, Verizon acquired Alltel. As a result of this transaction, the network footprints of Verizon and Alltel were combined.&nbsp; This has resulted in a decrease in inbound roaming revenues for U.S. Cellular, since the combined Verizon and Alltel entity has reduced its usage of U.S. Cellular&#146;s network in certain coverage areas that were used by Verizon and Alltel (as separate entities).&nbsp; U.S. Cellular anticipates that this trend will continue over the next few quarters and will more than offset the positive impact of the trends of increasing minutes of use and increasing data usage from U.S. Cellular&#146;s other roaming partners. </FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>Additional changes in the network footprints of other carriers due to additional consolidation or network expansions also could have an adverse effect on U.S. Cellular&#146;s inbound roaming revenues.&nbsp; U.S. Cellular also anticipates that its roaming revenue per minute of use will decline over time due to the renegotiation of existing contracts.&nbsp; The foregoing could have an adverse effect on U.S. Cellular's business, financial condition or results of operations.</FONT></P>
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<P style="MARGIN: 0in 0in 0pt 0.25in"><B><I><FONT lang=EN-US face="Times New Roman" size=2>Other revenues</FONT></I></B></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>The growth in Other revenues was due primarily to an increase in USF revenues, which represent amounts received from the USF for states in which U.S. Cellular has been designated as an Eligible Telecommunications Carrier (&#147;ETC&#148;).&nbsp; U.S. Cellular was eligible to receive ETC funds in sixteen states at September 30, 2009 and eleven states at September 30, 2008; the ETC revenue amounts were $108.6 million in 2009 and $100.1 million in 2008. </FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>The Federal Communications Commission (&#147;FCC&#148;) is considering significant changes to the USF.&nbsp; U.S. Cellular is not able to predict what changes, if any, will be adopted by the FCC. Such changes could have a material adverse impact on U.S. Cellular&#146;s financial condition and results of operations. </FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><B><I><FONT lang=EN-US face="Times New Roman" size=2>Equipment sales revenues</FONT></I></B></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>Equipment sales revenues include revenues from sales of handsets and related accessories to both new and existing customers, as well as revenues from sales of handsets and accessories to agents. All equipment sales revenues are recorded net of anticipated rebates.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>U.S. Cellular strives to offer a competitive line of quality handsets to both new and existing customers. U.S. Cellular&#146;s customer retention efforts include offering new handsets, such as smartphones and premium handsets, at discounted prices to existing customers as the expiration date of the customer&#146;s service contract approaches. U.S. Cellular also continues to sell handsets to agents; this practice enables U.S. Cellular to provide better control over the quality of handsets sold to its customers, establish roaming preferences and earn quantity discounts from handset manufacturers which are passed along to agents. U.S. Cellular anticipates that it will continue to sell handsets to agents in the future.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>The decrease in 2009 equipment sales revenues was driven primarily by a decline of 9% in average revenue per handset sold due to aggressive promotional pricing across all categories of handsets together with a shift in the mix of handsets purchased by customers to lower priced phones. The impact of lower average revenue per handset sold was partially offset by an increase in the total number of handsets sold. </FONT></P>
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<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-ALIGN: center" align=center><FONT lang=EN-US face="Times New Roman" size=2>27</FONT></P>
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<P><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman">
<A href="#page_2">Table of Contents</A></FONT></P>
<P>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Operating Expenses</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">System operations expenses (excluding Depreciation, amortization and accretion)</FONT></I></B></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT></I></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">System operations expenses (excluding Depreciation, amortization, and accretion) include charges from wireline telecommunications service providers for U.S. Cellular&#146;s customers&#146; use of their facilities, costs related to local interconnection to the wireline network, charges for maintenance of U.S. Cellular&#146;s network, long-distance charges, outbound roaming expenses and payments to third&#8209;party data product and platform developers. </FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Key components of the overall increase in system operations expenses were as follows:</FONT></P>
<P style="MARGIN: 0in 0in 0in 0.75in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0in 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman">Maintenance, utility and cell site expenses increased $14.4&nbsp;million, or 6%, driven primarily by an increase in the number of cell sites within U.S. Cellular&#146;s network. The number of cell sites totaled 7,161 at September 30, 2009 and 6,716 at September 30, 2008, as U.S. Cellular continued to expand and enhance coverage in its existing markets; </FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0in 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman">Expenses incurred when U.S. Cellular&#146;s customers used other carriers&#146; networks while roaming increased $3.8&nbsp;million, or 3%, due primarily to higher data usage; and </FONT></P>
<P style="MARGIN: 0in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0in 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0pt" face="Times New Roman">The cost of network usage on U.S. Cellular&#146;s systems decreased $3.1 million, or 1%, due primarily to reduced interconnection costs.</FONT></P>
<P style="MARGIN: 0in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">U.S. Cellular expects total system operations expenses to increase in the foreseeable future, driven by the following factors:</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0in 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman">Increases in the number of cell sites and other network facilities within U.S. Cellular&#146;s systems as it continues to add capacity and enhance quality; </FONT></P>
<P style="MARGIN: 0in 0in 0in 0.5in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0in 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman">Continued expansion of 3G services to additional markets; and</FONT></P>
<P style="MARGIN: 0in 0in 0in 0.5in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0in 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman">Increases in total customer usage, driven by text messaging and other data usage, both on U.S. Cellular&#146;s network and by U.S. Cellular&#146;s customers on other carriers&#146; networks when roaming.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Cost of equipment sold</FONT></I></B></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT></I></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Cost of equipment sold decreased in 2009 due primarily to a reduction in the average cost per handset sold, reflecting lower overall purchase costs as well as a shift in the overall mix of handsets purchased by customers to lower priced phones. The impact of lower average cost per handset sold was partially offset by an increase in the total number of handsets sold.&nbsp; </FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">U.S. Cellular expects loss on equipment, defined as equipment sales revenues less cost of equipment sold, to continue to be a significant cost and perhaps to increase in the foreseeable future as wireless carriers continue to use handset availability and pricing as a means of competitive differentiation. New handsets with expanded capabilities, particularly smartphones and premium touch screen phones, generally have higher purchase costs for carriers which, due to competitive market conditions, generally cannot be recovered through proportionately higher selling prices to customers. </FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Selling, general and administrative expenses</FONT></I></B></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT></I></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Selling, general and administrative expenses include salaries, commissions and expenses of field sales and retail personnel and facilities; telesales department salaries and expenses; agent commissions and related expenses; corporate marketing and merchandise management; and advertising expenses. Selling, general and administrative expenses also include bad debts expense, costs of operating customer care centers and corporate expenses.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-ALIGN: center" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">28</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
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<A href="#page_2">Table of Contents</A></FONT></P>
<P>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Key components of the net increase in Selling, general and administrative expenses in 2009 were as follows:</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0in 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman">Selling and marketing expenses decreased $10.6&nbsp;million, or 2%, due primarily to a decrease in advertising expenses. Such expenses in the previous period included expenditures related to the launch in June&nbsp;2008 of a new branding campaign, Believe in Something Better&#153;; and</FONT></P>
<P style="MARGIN: 0in 0in 0in 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0in 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman">General and administrative expenses increased $29.8 million, or 5%, due primarily to higher bad debts expense (reflecting higher bad debts experience as a percent of revenues), employee related expenses and investments in multi-year initiatives. Partially offsetting these and other increases were lower universal service fund contributions. </FONT></P>
<P style="MARGIN: 0in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">U.S. Cellular expects Selling, general and administrative expenses to increase in the foreseeable future driven primarily by increases in expenses associated with acquiring, serving and retaining customers, as well as costs related to its multi-year initiatives discussed previously.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Depreciation, amortization and accretion</FONT></I></B></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Depreciation decreased $7.6 million, or 2%, due primarily to fully depreciating Time Division Multiple Access (&#147;TDMA&#148;) and analog network equipment in 2008. U.S. Cellular discontinued its TDMA-based service during the nine months ended September 30, 2009; in connection with such discontinuance, property, plant and equipment in service and accumulated depreciation of $452.0 million were eliminated from the Consolidated Balance Sheet.</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT></I></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">See &#147;Financial Resources&#148; and &#147;Liquidity and Capital Resources&#148; for a discussion of U.S. Cellular&#146;s capital expenditures.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT></I></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Loss on asset disposals, net</FONT></I></B></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT></I></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">These amounts represent charges related to disposals of assets, trade-ins of older assets for replacement assets and other retirements of assets from service.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-ALIGN: center" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">29</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-ALIGN: center" align=center>&nbsp;</P>
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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
<P>
<A name="page_30"></A></P>
<P><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman">
<A href="#page_2">Table of Contents</A></FONT>&nbsp; </P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><B><FONT size=2>Components of Other Income (Expense)</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>Increase/</FONT></B></P>
</TD>
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     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="8%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>Percentage</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=black size=2>&nbsp; Nine Months Ended September 30,</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>2009&nbsp;</FONT></B></P>
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     <TD vAlign=bottom width="1%"></TD>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>2008&nbsp;</FONT></B></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="7%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>(Decrease)</FONT></B></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width="8%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>Change</FONT></B></P>
</TD></TR>
<TR>
     <TD vAlign=bottom width="4%"></TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="52%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="38%" colSpan=13>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>(Dollars in thousands, except per share amounts)</FONT></B></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD vAlign=bottom width="4%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="54%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Operating income </FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;313,381</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;356,825</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="7%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(43,444</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(12</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>%</FONT></TD></TR>
<TR>
     <TD vAlign=bottom width="4%"></TD>
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<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="52%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="7%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD vAlign=bottom width="4%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="54%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Equity in earnings from unconsolidated entities </FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>73,247</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;66,361</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="7%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;6,886</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>10</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>%</FONT></TD></TR>
<TR>
     <TD vAlign=bottom width="4%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="54%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Interest and dividend income </FONT></P>
</TD>
     <TD vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>2,648</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;4,471</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="7%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(1,823</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(41</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>%</FONT></TD></TR>
<TR>
     <TD vAlign=bottom width="4%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="54%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Gain on disposition of investments</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;16,628</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="7%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(16,628</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>N/M</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD vAlign=bottom width="4%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="54%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Interest expense </FONT></P>
</TD>
     <TD vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(57,767</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(60,611</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="7%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;2,844</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>5</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>%</FONT></TD></TR>
<TR>
     <TD vAlign=bottom width="4%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="54%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Other, net</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;1,183</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;1,109</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="7%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;74</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>7</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>%</FONT></TD></TR>
<TR>
     <TD vAlign=bottom width="4%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="54%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Total investment and other income (expense)</FONT></P>
</TD>
     <TD vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;19,311</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;27,958</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="7%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(8,647</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(31</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>%</FONT></TD></TR>
<TR>
     <TD vAlign=bottom width="4%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="52%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="7%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD vAlign=bottom width="4%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="54%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Income before income taxes </FONT></P>
</TD>
     <TD vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;332,692</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;384,783</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="7%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(52,091</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(14</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>%</FONT></TD></TR>
<TR>
     <TD vAlign=bottom width="4%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="54%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Income tax expense</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(111,521</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(137,062</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="7%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;25,541</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>19</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>%</FONT></TD></TR>
<TR>
     <TD vAlign=bottom width="4%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="52%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="7%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD vAlign=bottom width="4%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="54%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Net income </FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;221,171</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;247,721</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="7%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(26,550</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(11</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>%</FONT></TD></TR>
<TR>
     <TD vAlign=bottom width="4%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="54%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt 0.15in; TEXT-INDENT: -0.15in"><FONT face="Times New Roman" color=#000000 size=2>Less: Net income attributable to noncontrolling interests, net of tax</FONT></P>
</TD>
     <TD vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(17,583</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(14,613</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 1px" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="7%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(2,970</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 1px" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(20</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>%</FONT></TD></TR>
<TR>
     <TD vAlign=bottom width="4%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="54%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>Net income attributable to U.S. Cellular </FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;203,588</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;233,108</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="7%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(29,520</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 3px; BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(13</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>%</FONT></TD></TR>
<TR>
     <TD vAlign=bottom width="4%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="52%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="7%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD vAlign=bottom width="4%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="54%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt 0.15in; TEXT-INDENT: -0.15in"><FONT face="Times New Roman" color=#000000 size=2>Basic earnings per share attributable to U.S. Cellular shareholders </FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>2.34</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;2.66</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="7%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(0.32</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(12</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>%</FONT></TD></TR>
<TR>
     <TD vAlign=bottom width="4%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="54%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt 0.15in; TEXT-INDENT: -0.15in"><FONT face="Times New Roman" color=#000000 size=2>Diluted earnings per share attributable to U.S. Cellular shareholders</FONT></P>
</TD>
     <TD vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>2.33</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="8%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;2.65</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="7%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(0.32</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(12</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>%</FONT></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 12pt">
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12pt" vAlign=bottom width="4%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12pt" vAlign=bottom width="42%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>N/M = Not Meaningful</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12pt" vAlign=bottom width="4%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12pt" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12pt" vAlign=bottom width="4%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12pt" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12pt" vAlign=bottom width="4%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12pt" vAlign=bottom width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12pt" vAlign=bottom width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><B><I><FONT lang=EN-US face="Times New Roman" size=2>Equity in earnings from unconsolidated entities</FONT></I></B></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>Equity in earnings of unconsolidated entities represents U.S. Cellular&#146;s share of net income from the markets in which it has an interest and follows the equity method of accounting. U.S. Cellular follows the equity method of accounting for unconsolidated entities over which it has the ability to exercise significant influence, generally entities in which its ownership interest is less than or equal to 50% but equals or exceeds 20% for corporations and 3% for partnerships and limited liability companies.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>U.S. Cellular&#146;s investment in the Los Angeles SMSA Limited Partnership (&#147;LA Partnership&#148;) contributed $49.5&nbsp;million and $49.2 million to Equity in earnings of unconsolidated entities in 2009 and 2008, respectively. </FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><B><I><FONT lang=EN-US face="Times New Roman" size=2>Gain on disposition of investments</FONT></I></B></P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>Gain on disposition of investments in 2008</FONT> <FONT lang=EN-US face="Times New Roman" size=2>related to the exchange of Rural Cellular Corporation (&#147;RCC&#148;) shares for cash in conjunction with Verizon&#146;s acquisition of RCC. See Note 9 &#150; Gain on Disposition of Investments in the Notes to Consolidated Financial Statements for additional information regarding this transaction.</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><B><I><FONT lang=EN-US face="Times New Roman" size=2>Income tax expense</FONT></I></B></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>See Note 5 &#151; Income Taxes in the Notes to Consolidated Financial Statements for a discussion of income tax expense and the overall effective tax rate on Income before income taxes. </FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT lang=EN-US face="Times New Roman" size=2>30</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center>&nbsp;</P>
<HR align=center width="100%" color=#000000 noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
<A name="page_31"></A>
<P style="MARGIN: 0in 0in 0pt 0.25in">&nbsp;</P>
<P><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman">
<A href="#page_2">Table of Contents</A></FONT></P>
<P><B><U><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2></FONT></U></B>&nbsp;</P>
<P style="MARGIN-LEFT: 0.25in; MARGIN-RIGHT: 0.25in"><B><U><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>Three Months Ended September 30, 2009 Compared to Three Months Ended September 30, 2008</FONT></U></B></P>
<P style="MARGIN-LEFT: 0.25in"><B><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>Components of Operating Income</FONT></B></P>
<DIV align=left>
<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 24pt">
     <TD vAlign=bottom width="3%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat; HEIGHT: 24pt" vAlign=bottom width="44%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=black size=2>Three Months Ended September 30,</FONT></B></P>
</TD>
     <TD vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat; HEIGHT: 24pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat; HEIGHT: 24pt" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>2009&nbsp;</FONT></B></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat; HEIGHT: 24pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat; HEIGHT: 24pt" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>2008&nbsp;</FONT></B></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat; HEIGHT: 24pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat; HEIGHT: 24pt" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>Increase/<BR>
(Decrease)</FONT></B></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="2%"></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width="8%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>Percentage Change</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD vAlign=bottom width="3%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="49%" colSpan=11>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>(Dollars in thousands)</FONT></B></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD vAlign=bottom width="3%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="44%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Retail service </FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom align=left width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=right><FONT face="Times New Roman" color=black size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>865,867</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom align=left width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=right><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;872,397</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom align=left width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=right><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(6,530</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(1</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>%</FONT></TD></TR>
<TR>
     <TD vAlign=bottom width="3%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="44%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Inbound roaming </FONT></P>
</TD>
     <TD vAlign=top width="2%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=top width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>68,767</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;93,472</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(24,705</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(26</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>%</FONT></TD></TR>
<TR>
     <TD vAlign=bottom width="3%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="44%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Other </FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=top width="2%"></TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=top width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>50,289</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;48,059</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;2,230</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>5</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>%</FONT></TD></TR>
<TR>
     <TD vAlign=bottom width="3%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="42%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Service revenues </FONT></P>
</TD>
     <TD vAlign=top width="2%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=top width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>984,923</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>1,013,928</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(29,005</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(3</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>%</FONT></TD></TR>
<TR>
     <TD vAlign=bottom width="3%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="44%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Equipment sales </FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=top width="2%"></TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=top width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>73,377</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;77,947</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(4,570</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(6</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>%</FONT></TD></TR>
<TR>
     <TD vAlign=bottom width="3%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="42%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Total operating revenues </FONT></P>
</TD>
     <TD vAlign=top width="2%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=top width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>1,058,300</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;1,091,875</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(33,575</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(3</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>%</FONT></TD></TR>
<TR>
     <TD vAlign=bottom width="3%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=top width="2%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=top width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD vAlign=bottom width="3%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="44%" colSpan=3><FONT style="FONT-SIZE: 9pt" face="Times New Roman" color=black>
<P style="MARGIN: 0in 0in 0pt 0.15in; TEXT-INDENT: -0.15in"><FONT size=2>System operations (excluding Depreciation, amortization and accretion reported below)</FONT></P>
</FONT></TD>
     <TD vAlign=top width="2%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=top width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>205,458</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;197,473</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;7,985</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>4</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>%</FONT></TD></TR>
<TR>
     <TD vAlign=bottom width="3%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="44%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Cost of equipment sold </FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=top width="2%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=top width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>189,354</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;185,992</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;3,362</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>2</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>%</FONT></TD></TR>
<TR>
     <TD vAlign=bottom width="3%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="44%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Selling, general and administrative </FONT></P>
</TD>
     <TD vAlign=top width="2%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=top width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>454,839</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;436,135</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;18,704</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>4</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>%</FONT></TD></TR>
<TR>
     <TD vAlign=bottom width="3%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="44%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Depreciation, amortization and accretion </FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=top width="2%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=top width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>147,586</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;145,434</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;2,152</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>1</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>%</FONT></TD></TR>
<TR>
     <TD vAlign=bottom width="3%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="44%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Loss on asset disposals, net</FONT></P>
</TD>
     <TD vAlign=top width="2%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=top width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>3,371</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;6,884</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(3,513</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(51</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>%</FONT></TD></TR>
<TR>
     <TD vAlign=bottom width="3%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="42%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Total operating expenses </FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=top width="2%"></TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=top width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>1,000,608</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>971,918</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;28,690</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>3</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>%</FONT></TD></TR>
<TR>
     <TD vAlign=bottom width="3%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="42%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Operating income </FONT></P>
</TD>
     <TD vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 2.25pt double; BACKGROUND-REPEAT: repeat" vAlign=bottom align=left width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=right><FONT face="Times New Roman" color=black size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 2.25pt double; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>57,692</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 2.25pt double; BACKGROUND-REPEAT: repeat" vAlign=bottom align=left width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=right><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 2.25pt double; BACKGROUND-REPEAT: repeat" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>119,957</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 2.25pt double; BACKGROUND-REPEAT: repeat" vAlign=bottom align=left width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=right><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 2.25pt double; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(62,265</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 3px" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(52</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>%</FONT></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><B><FONT lang=EN-US face="Times New Roman" size=2>Operating Revenues</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt 0.25in">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><B><I><FONT lang=EN-US face="Times New Roman" size=2>Retail service revenues</FONT></I></B></P>
<P style="MARGIN: 0in 0in 0pt 0.25in">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>The decrease in retail service revenues in 2009 was due primarily to a decrease in the average number of customers, partially offset by an increase in average monthly retail service revenue per customer. The average number of customers decreased to 6,138,000 from 6,191,000 in 2008. Average monthly retail service revenue per customer increased to $47.02 in 2009 from $46.97 in 2008, as a significant increase in revenues from data products and services more than offset a decline in revenues from voice services. </FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>Revenues from data products and services totaled $174.3&nbsp;million in 2009 and $130.2 million in 2008, and represented 18% of total service revenues in 2009 compared to 13% of total service revenues in 2008. Such growth, which positively impacted average monthly retail service revenue per customer, reflected customers&#146; continued and increasing usage of U.S. Cellular&#146;s text, picture, and video messaging services, </FONT><B><FONT lang=EN-US face="Times New Roman" size=2>easy</FONT></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"><FONT size=2>edge</FONT><SUP><FONT size=2>SM</FONT></SUP><FONT size=2> service and applications, premium mobile Internet services, and smartphone handsets and services.&nbsp; In 2009, U.S. Cellular introduced unlimited messaging plans and unlimited messaging and mobile Internet plans that further drove data usage and revenues.&nbsp; </FONT></FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>Revenues from voice services declined year-over-year primarily due to a reduction in average voice revenue per customer.&nbsp; The reduction in average voice revenue per customer reflects industry competition which has resulted in lower pricing overall as well as growth in family plans and service plans with enhanced coverage areas and value (such as free incoming calls and unlimited minutes).&nbsp; Also, decreases in the prepay customer base and the average revenue per prepay customer contributed to a decline in prepay voice revenues. </FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><B><I><FONT lang=EN-US face="Times New Roman" size=2>Inbound roaming revenues</FONT></I></B></P>
<P style="MARGIN: 0in 0in 0pt 0.25in">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>The decrease in Inbound roaming revenues in 2009 was due primarily to a decline in roaming revenues from the combined entity of Verizon and Alltel.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><B><I><FONT lang=EN-US face="Times New Roman" size=2>Equipment sales revenues</FONT></I></B></P>
<P style="MARGIN: 0in 0in 0pt 0.25in">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>The decrease in 2009 equipment sales revenues was driven by a decline in average revenue per handset sold of 11% due to aggressive promotional pricing across all categories of handsets. The impact of lower overall pricing was offset somewhat by a shift in mix of handsets purchased by customers to handsets with expanded capabilities, such as smartphones and premium handsets, together with an increase in the total number of handsets sold. </FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-ALIGN: center" align=center><FONT lang=EN-US face="Times New Roman" size=2>31</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-ALIGN: center" align=center>&nbsp;</P>
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<P><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman">
<A href="#page_2">Table of Contents</A></FONT></P>
<P>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><B><FONT lang=EN-US face="Times New Roman" size=2>Operating Expenses</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><B><I><FONT lang=EN-US face="Times New Roman" size=2>System operations expenses (excluding Depreciation, amortization and accretion)</FONT></I></B></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>Key components of the overall increase in system operations expenses were as follows:</FONT></P>
<P style="MARGIN-LEFT: 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="LETTER-SPACING: -0.1pt" face=Symbol size=2>&#183;</FONT><FONT lang=EN-US style="LETTER-SPACING: -0.1pt" face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT lang=EN-US style="LETTER-SPACING: -0.1pt" face="Times New Roman" size=2>Maintenance, utility and cell site expenses increased $8.5&nbsp;million, or 11%, driven primarily by an increase in the number of cell sites within U.S. Cellular&#146;s network. The number of cell sites totaled 7,161 at September 30, 2009 and 6,716 at September 30, 2008, as U.S. Cellular continued to expand and enhance coverage in its existing markets;</FONT></P>
<P style="MARGIN-LEFT: 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="LETTER-SPACING: -0.1pt" face=Symbol size=2>&#183;</FONT><FONT lang=EN-US style="LETTER-SPACING: -0.1pt" face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT lang=EN-US style="LETTER-SPACING: -0.1pt" face="Times New Roman" size=2>Expenses incurred when U.S. Cellular&#146;s customers used other carriers&#146; networks while roaming increased $1.9 million, or 4%, due primarily to higher data usage; and</FONT></P>
<P style="MARGIN-LEFT: 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="LETTER-SPACING: -0.1pt" face=Symbol size=2>&#183;</FONT><FONT lang=EN-US style="LETTER-SPACING: -0.1pt" face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT lang=EN-US style="LETTER-SPACING: -0.1pt" face="Times New Roman" size=2>Network usage expenses on U.S. Cellular&#146;s systems decreased $2.4 million, or 4%, due primarily to reduced interconnection costs.&nbsp; </FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><B><I><FONT lang=EN-US face="Times New Roman" size=2>Cost of equipment sold</FONT></I></B></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>The increase in Cost of equipment sold was due to an increase in total handsets sold of 6%, together with a shift in the mix of handsets purchased by customers to handsets with expanded capabilities, such as smartphones and premium handsets, partially offset by the impact of a lower average cost per handset sold. </FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><B><I><FONT lang=EN-US face="Times New Roman" size=2>Selling, general and administrative expenses</FONT></I></B></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>Key components of the net increase in Selling, general and administrative expenses in 2009 were as follows:</FONT></P>
<P style="MARGIN-LEFT: 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="LETTER-SPACING: 0pt" face=Symbol size=2>&#183;</FONT><FONT lang=EN-US style="LETTER-SPACING: 0pt" face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT lang=EN-US style="LETTER-SPACING: -0.1pt" face="Times New Roman" size=2>Selling and marketing expenses decreased $8.1&nbsp;million, or 4%, </FONT><FONT lang=EN-US style="LETTER-SPACING: 0pt" face="Times New Roman" size=2>due primarily to a decrease in advertising expenses. Such expenses in the previous period included expenditures related to the launch in June&nbsp;2008 of a new branding campaign, Believe in Something Better&#153;. The impact of lower advertising expenses was partially offset by higher commissions resulting from a greater number of customer additions and renewals; and</FONT></P>
<P style="MARGIN-LEFT: 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="LETTER-SPACING: -0.1pt" face=Symbol size=2>&#183;</FONT><FONT lang=EN-US style="LETTER-SPACING: -0.1pt" face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT lang=EN-US style="LETTER-SPACING: -0.1pt" face="Times New Roman" size=2>General and administrative expenses increased $26.8 million, or 12%, due primarily to higher bad debts expense (reflecting higher bad debts experience as a percent of revenues), employee related expenses and investments in multi-year initiatives. Partially offsetting these and other increases were lower universal service fund contributions.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-ALIGN: center" align=center><FONT lang=EN-US face="Times New Roman" size=2>32</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-ALIGN: center" align=center>&nbsp;</P>
<HR align=center width="100%" color=#000000 noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
<A name="page_33"></A>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
<P><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman">
<A href="#page_2">Table of Contents</A></FONT></P>
<P>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=black size=2>Components of Other Income (Expense)</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>Increase/</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>Percentage</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT face="Times New Roman" color=black size=2>Three Months Ended September 30,</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>2009&nbsp;</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>2008&nbsp;</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>(Decrease)</FONT></B></P>
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     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="8%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>Change</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 11.25pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 11.25pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 11.25pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 11.25pt" vAlign=bottom width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=top width="2%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat; HEIGHT: 11.25pt" vAlign=top width="47%" colSpan=12>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>(Dollars in thousands, except per share amounts)</FONT></B></P>
</TD>
     <TD vAlign=top width="1%"></TD>
     <TD vAlign=top width="1%"></TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="45%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Operating income </FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom align=left width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;57,692</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom align=left width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=right><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;119,957</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom align=left width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=right><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(62,265</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(52</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>%</FONT></TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom align=left width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=left><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="45%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Equity in earnings from unconsolidated entities </FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom align=left width="2%">
<P style="MARGIN: 0in 0in 0pt" align=left><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;23,126</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;22,319</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;807</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>4</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>%</FONT></TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="45%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Interest and dividend income </FONT></P>
</TD>
     <TD vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom align=left width="2%">
<P style="MARGIN: 0in 0in 0pt" align=left><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;1,420</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;1,137</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;283</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>25</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>%</FONT></TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="45%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Gain on disposition of investments </FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom align=left width="2%">
<P style="MARGIN: 0in 0in 0pt" align=left><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;16,628</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(16,628</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>N/M</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="45%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Interest expense </FONT></P>
</TD>
     <TD vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom align=left width="2%">
<P style="MARGIN: 0in 0in 0pt" align=left><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(19,358</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(19,722</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;364</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>2</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>%</FONT></TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="45%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Other, net</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom align=left width="2%">
<P style="MARGIN: 0in 0in 0pt" align=left><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>905</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;391</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;514</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>N/M</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="45%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Total investment and other income (expense)</FONT></P>
</TD>
     <TD vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom align=left width="2%">
<P style="MARGIN: 0in 0in 0pt" align=left><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;6,093</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;20,753</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(14,660</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(71</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>%</FONT></TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom align=left width="2%">
<P style="MARGIN: 0in 0in 0pt" align=left><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="45%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Income before income taxes</FONT></P>
</TD>
     <TD vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom align=left width="2%">
<P style="MARGIN: 0in 0in 0pt" align=left><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;63,785</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>140,710</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(76,925</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(55</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>%</FONT></TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="45%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Income tax expense</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom align=left width="2%">
<P style="MARGIN: 0in 0in 0pt" align=left><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(22,541</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(45,506</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;22,965</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>50</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>%</FONT></TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom align=left width="2%">
<P style="MARGIN: 0in 0in 0pt" align=left><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="45%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Net income </FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom align=left width="2%">
<P style="MARGIN: 0in 0in 0pt" align=left><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;41,244</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;95,204</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(53,960</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(57</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>%</FONT></TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="45%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Less: Net income attributable to noncontrolling interests, net of tax</FONT></P>
</TD>
     <TD vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom align=left width="2%">
<P style="MARGIN: 0in 0in 0pt" align=left><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(5,606</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(5,255</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(351</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 1px" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(7</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>%</FONT></TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="45%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Net income attributable to U.S. Cellular </FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom align=left width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;35,638</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom align=left width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;89,949</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom align=left width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=right><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(54,311</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 3px; BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(60</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>%</FONT></TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom align=left width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=left><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom align=left width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=left><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="45%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Basic earnings per share attributable to U.S. Cellular shareholders</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom align=left width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>0.41</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom align=left width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;1.03</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom align=left width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=right><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(0.62</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(60</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>%</FONT></TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="45%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Diluted earnings per share attributable to U.S. Cellular shareholders</FONT></P>
</TD>
     <TD vAlign=bottom width="2%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom align=left width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>0.41</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom align=left width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=left><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;1.02</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom align=left width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=right><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(0.61</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="6%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(60</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>%</FONT></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 675.75pt" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 12.75pt">
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.75pt" vAlign=bottom width="4%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.75pt" vAlign=bottom width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>N/M&nbsp;= Not meaningful</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.75pt" vAlign=bottom width="4%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.75pt" vAlign=bottom width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.75pt" vAlign=bottom width="4%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.75pt" vAlign=bottom width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.75pt" vAlign=bottom width="4%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.75pt" vAlign=bottom width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.75pt" vAlign=bottom width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><B><I><FONT lang=EN-US face="Times New Roman" size=2>Equity in earnings from unconsolidated entities</FONT></I></B></P>
<P style="MARGIN: 0in 0in 0pt 0.25in">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>U.S. Cellular&#146;s investment in the LA Partnership contributed $15.5 million and $15.3 million to Equity in earnings from unconsolidated entities in 2009 and 2008, respectively.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><B><I><FONT lang=EN-US face="Times New Roman" size=2>Gain on disposition of investments</FONT></I></B></P>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>Gain on disposition of investments in 2008</FONT> <FONT lang=EN-US face="Times New Roman" size=2>related to the exchange of Rural Cellular Corporation (&#147;RCC&#148;) shares for cash in conjunction with Verizon&#146;s acquisition of RCC. See Note 9 &#150; Gain on Disposition of Investments in the Notes to Consolidated Financial Statements for additional information regarding this transaction.</FONT></P>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><B><I><FONT lang=EN-US face="Times New Roman" size=2>Income tax expense</FONT></I></B></P>
<P style="MARGIN: 0in 0in 0pt 0.25in">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>See Note 5 &#151; Income Taxes in the Notes to Consolidated Financial Statements for a discussion of income tax expense and the overall effective tax rate on Income before income taxes. </FONT></P>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT lang=EN-US face="Times New Roman" size=2>33</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center>&nbsp;</P>
<HR align=center width="100%" color=#000000 noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
<A name="page_34"></A>
<P style="MARGIN: 0in 0in 0pt 0.25in"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT></B>&nbsp;</P>
<P><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman">
<A href="#page_2">Table of Contents</A></FONT></P>
<P>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">RECENT ACCOUNTING PRONOUNCEMENTS</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Recent accounting pronouncements either are not expected to have a significant effect on U.S. Cellular&#146;s financial condition or results of operations or U.S. Cellular is currently analyzing such pronouncements in order to determine their impact, if any.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">See Note 2 &#151; Summary of Significant Accounting Policies in the Notes to Consolidated Financial Statements for information on recent accounting pronouncements.</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">34</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center>&nbsp;</P>
<HR align=center width="100%" color=#000000 noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
<A name="page_35"></A>
<P style="MARGIN: 0in 0in 0pt 0.25in">&nbsp;</P>
<P><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman">
<A href="#page_2">Table of Contents</A></FONT></P>
<P>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">FINANCIAL RESOURCES</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt 0.25in">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">U.S. Cellular operates a capital&#8209; and marketing&#8209;intensive business. U.S. Cellular utilizes cash from its operating activities, cash proceeds from divestitures, short-term credit facilities and long-term debt financing to fund its acquisitions including licenses, construction costs, operating expenses and Common Share repurchases. Cash flows may fluctuate from quarter to quarter and year to year due to seasonality, the timing of acquisitions, capital expenditures and other factors. The table below and the following discussion in this Financial Resources section summarize U.S. Cellular&#146;s cash flow activities in the nine months ended September 30, 2009 compared to the nine months ended September 30, 2008.&nbsp; </FONT></P>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 75%" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 12.75pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="12%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>2009&nbsp;</FONT></B></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="12%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>2008&nbsp;</FONT></B></P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="40%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="27%" colSpan=6>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>(Dollars in thousands)</FONT></B></P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR style="HEIGHT: 12pt">
     <TD vAlign=bottom width="4%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12pt" vAlign=bottom width="44%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Cash flows from (used in):</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12pt" vAlign=top width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12pt" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12pt" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD vAlign=bottom width="4%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="42%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Operating activities </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom align=left width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=right><FONT face="Times New Roman" color=black size=2>$</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>637,694</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>&nbsp;</FONT></TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom align=left width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=right><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;696,580</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD vAlign=bottom width="4%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="42%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Investing activities </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=top width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(368,890</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(688,094</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT size=2>)</FONT></TD></TR>
<TR>
     <TD vAlign=bottom width="4%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="42%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Financing activities </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=top width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(34,906</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(35,411</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT size=2>)</FONT></TD></TR>
<TR>
     <TD vAlign=bottom width="4%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="44%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Net increase (decrease) in cash and cash equivalents</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom align=left width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=right><FONT face="Times New Roman" color=black size=2>$</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;233,898</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom align=left width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: left" align=right><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="10%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(26,925</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 3px; BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"><FONT size=2>)</FONT></TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Cash Flows from Operating Activities</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt 0.25in">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Cash flows from operating activities in 2009 were $637.7&nbsp;million, a decrease of $58.9&nbsp;million from 2008.&nbsp; Significant changes included the following: </FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Operating income adjusted for non-cash items, as shown in the table below, decreased by $39.9 million.</FONT></P>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 75%" cellSpacing=0 cellPadding=0 border=0>
<TR style="HEIGHT: 12.75pt">
     <TD vAlign=bottom width="8%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="58%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="14%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>2009&nbsp;</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="4%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="14%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>2008&nbsp;</FONT></B></P>
</TD></TR>
<TR style="HEIGHT: 12.75pt">
     <TD vAlign=bottom width="8%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="58%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="32%" colSpan=5>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=black size=2>(Dollars in thousands)</FONT></B></P>
</TD></TR>
<TR>
     <TD vAlign=bottom width="8%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="60%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Operating income </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>$</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>313,381</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="4%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>356,825</FONT></P>
</TD></TR>
<TR>
     <TD vAlign=bottom width="8%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="60%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Non-cash items</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="4%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT size=2></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD vAlign=bottom width="8%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="58%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>&nbsp; Depreciation, amortization and accretion</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>423,851</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="4%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>433,222</FONT></P>
</TD></TR>
<TR>
     <TD vAlign=bottom width="8%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="58%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>&nbsp; Bad debts expense</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>73,100</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="4%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>52,753</FONT></P>
</TD></TR>
<TR>
     <TD vAlign=bottom width="8%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="58%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>&nbsp; Stock-based compensation expense</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>13,000</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="4%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>11,293</FONT></P>
</TD></TR>
<TR>
     <TD vAlign=bottom width="8%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="58%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>&nbsp; Loss on asset disposals, net</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>7,648</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="4%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>16,776</FONT></P>
</TD></TR>
<TR>
     <TD vAlign=bottom width="8%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="60%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Operating income adjusted for non-cash items</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>$</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>830,980</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="4%">
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>870,869</FONT></P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.75in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">U.S. Cellular believes the foregoing table provides useful information to investors regarding U.S. Cellular&#146;s financial condition and results of operations because it highlights certain key cash and non-cash items and their impacts on cash flows from operating activities.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.5in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial><FONT face=Symbol></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial><FONT face=Symbol>&#183;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="Times New Roman" size=2>Changes in accounts receivable required $101.3 million in 2009 and $71.6 million in 2008, resulting in a $29.7 million decrease in cash inflows.&nbsp; This change was driven primarily by an increase in amounts due from the third-party operator of partnerships in which U.S. Cellular holds the majority ownership interest.</FONT></FONT></P>
<P style="MARGIN-LEFT: 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Symbol>&#183;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT lang=EN-US face="Times New Roman" size=2>Changes in accounts payable, customer deposits and deferred revenues required $19.3 million in 2009 and provided $21.0 million in 2008. The resultant $40.3 million increase in cash outflows was driven primarily by timing differences in payments of accounts payable and lower deposit requirements for new customers in 2009.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Income tax payments, net of refunds, in 2009 and 2008 were $25.4 million and $95.3 million, respectively, resulting in a decrease in cash outflows of $69.9 million. The decrease in payments from 2008 to 2009 was due to year-over-year differences in forecasted income and an overpayment of income taxes in 2008.</FONT></P>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: char" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">In 2009, a $34.0 million deposit was paid to TDS for U.S. Cellular&#146;s proportionate share of a deposit TDS made to the Internal Revenue Service to eliminate any potential interest expense subsequent to the deposit. The deposit was recorded in Change in other assets and liabilities in the Consolidated Statement of Cash Flows in 2009. See Note 5 &#151; Income Taxes in the Notes to Consolidated Financial Statements for additional information. </FONT></P>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-ALIGN: center" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">35</FONT></P>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
<HR align=center width="100%" color=#000000 noShade SIZE=2>
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<P><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman">
<A href="#page_2">Table of Contents</A></FONT></P>
<P>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><B><FONT lang=EN-US face="Times New Roman" size=2>Cash Flows from Investing Activities</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>U.S. Cellular makes substantial investments to construct and upgrade modern high quality wireless communications networks and facilities as a basis for creating long term value for shareholders. In recent years, rapid changes in technology and new opportunities have required substantial investments in potentially revenue&#8209;enhancing and cost-reducing upgrades of U.S. Cellular&#146;s networks. Cash flows used for investing activities also represent cash required for the acquisition of wireless properties or licenses. Proceeds from exchanges and divestiture transactions have provided funds in recent years which have partially offset the cash requirements for investing activities; however, such sources cannot be relied upon to provide continuing or regular sources of financing.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>The primary purpose of U.S. Cellular&#146;s construction and expansion expenditures is to provide for customer and usage growth, to upgrade service and to take advantage of service&#8209;enhancing and cost-reducing technological developments in order to maintain competitive services.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>Cash used for property, plant and equipment and system development expenditures totaled $357.8&nbsp;million in 2009 and $395.6 million in 2008.&nbsp; These expenditures were made to construct new cell sites, increase capacity in existing cell sites and switches, upgrade technology including the overlay of 3G technology in certain markets, develop new and enhance existing office systems, and construct new and remodel existing retail stores. </FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>Cash required for acquisitions and licenses totaled $12.5&nbsp;million in 2009 and $314.7&nbsp;million in 2008.&nbsp; The cash required for acquisitions in 2008 included capital contributions and advances of $300.5 million to King Street Wireless L.P. (&#147;King Street Wireless&#148;) and its general partner.&nbsp; King Street Wireless&#146; general partner also made a capital contribution of $0.1 million.&nbsp; King Street Wireless used these funds in connection with its participation in FCC Auction 73.&nbsp; </FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>In 2008, U.S. Cellular realized cash proceeds of $16.7 million from the disposition of RCC Common shares in conjunction with Verizon Wireless&#146; acquisition of RCC.&nbsp; See Note 9 &#151; Gain on Disposition of Investments in the Notes to Consolidated Financial Statements for details of this transaction.</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><B><FONT lang=EN-US face="Times New Roman" size=2>Cash Flows from Financing Activities</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>There were no short-term borrowings or repayments during 2009.&nbsp; Short-term borrowings and repayments during 2008 were $100.0 million.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>In 2009 and 2008, U.S. Cellular repurchased 647,000 and 450,000 Common Shares at an aggregate cost of $24.3&nbsp;million and $27.7&nbsp;million, respectively.&nbsp; U.S. Cellular also received $4.6 million in 2008 from an investment banking firm for the final settlement of the accelerated share repurchases made in 2007.&nbsp; See Note 14 &#151; Common Share Repurchases in the Notes to Consolidated Financial Statements for additional information related to these transactions.</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><B><FONT lang=EN-US face="Times New Roman" size=2>LIQUIDITY AND CAPITAL RESOURCES</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>U.S. Cellular believes that existing cash balances, expected cash flows from operating activities and funds available under its new revolving credit facility provide substantial liquidity and financial flexibility for U.S. Cellular to meet its normal financing needs (including working capital, construction and development expenditures and share repurchases under its approved program) for the foreseeable future. In addition, U.S. Cellular may have access to public and private capital markets to help meet its financing needs.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>Recent events in the financial services sector and correlating impacts to other sectors of the economy have resulted in concerns regarding investment security values, the availability of and concentration of credit, insurance coverage and a variety of other areas. Although U.S. Cellular&#146;s cash balance, conservative strategies for investing cash on hand and funds available under its new revolving credit agreement have limited its exposure to these events to date, U.S. Cellular continues to monitor economic conditions and developments and will make adjustments to its cash investments, borrowing arrangements and insurance coverage as necessary and feasible.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>Consumer spending also significantly impacts U.S. Cellular&#146;s operations and performance. Recent economic conditions could continue to cause consumer spending to deteriorate significantly. Factors that influence levels of consumer spending include: unemployment rates, increases in fuel and other energy costs, conditions in residential real estate and mortgage markets, labor and health care costs, access to credit, consumer confidence and other macroeconomic factors. Changes in these and other economic factors could have a material adverse effect on demand for U.S. Cellular&#146;s products and services and on U.S. Cellular&#146;s financial condition and results of operations.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-ALIGN: center" align=center><FONT lang=EN-US face="Times New Roman" size=2>36</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
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<P><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman">
<A href="#page_2">Table of Contents</A></FONT></P>
<P>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>U.S. Cellular cannot provide assurances that circumstances that could have a material adverse affect on its liquidity or capital resources will not occur. Economic conditions, changes in capital markets or other factors could restrict U.S. Cellular&#146;s liquidity and availability of financing on terms and prices acceptable to U.S. Cellular, which could require U.S. Cellular to reduce its construction, development, acquisition or share repurchase programs. Such reductions could have a material adverse effect on U.S. Cellular&#146;s business, financial condition or results of operations.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><B><FONT lang=EN-US face="Times New Roman" size=2>Cash and Cash Equivalents</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt 0.25in">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>At September 30, 2009, U.S. Cellular had $404.9 million in cash and cash equivalents, which include cash and short-term, highly liquid investments with original maturities of three months or less. The primary objective of U.S. Cellular&#146;s cash and cash equivalents investment activities is to preserve principal.&nbsp; At September 30, 2009, U.S. Cellular invested substantially all of its cash balances in money market funds that invested exclusively in short-term U.S. Treasury securities or repurchase agreements backed by U.S. Treasury securities. U.S. Cellular monitors the financial viability of the money market funds in which it invests and believes that the credit risk associated with these investments is low. </FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><B><FONT lang=EN-US face="Times New Roman" size=2>Revolving Credit Facility</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt 0.25in">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>U.S. Cellular has a revolving credit facility available for general corporate purposes.&nbsp; On June 30, 2009, U.S. Cellular entered into a new $300 million revolving credit agreement with certain lenders and other parties.&nbsp; At September 30, 2009, there were no outstanding borrowings and $0.3 million of outstanding letters of credit, leaving $299.7 million available for use.&nbsp; In connection with U.S. Cellular&#146;s new revolving credit facility, TDS and U.S. Cellular entered into a subordination agreement dated June 30, 2009 together with the administrative agent for the lenders under U.S. Cellular&#146;s new revolving credit facility.&nbsp; At September 30, 2009, no U.S. Cellular debt was subordinated pursuant to this subordination agreement.&nbsp; See Note 12 &#151; Notes Payable in the Notes to Consolidated Financial Statements for the details of this revolving credit facility and subordination agreement.</FONT
></P>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>U.S. Cellular&#146;s interest cost on its new revolving credit facility is subject to increase if its current credit rating from Standard &amp; Poor&#146;s Rating Service, Moody&#146;s Investors Service and/or Fitch Ratings is lowered, and is subject to decrease if the rating is raised. The new credit facility would not cease to be available nor would the maturity date accelerate solely as a result of a downgrade in U.S. Cellular&#146;s credit rating. However, a downgrade in U.S. Cellular&#146;s credit rating could adversely affect its ability to renew the new credit facility or obtain access to other credit facilities in the future.</FONT></P>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>U.S. Cellular&#146;s credit ratings as of September 30, 2009 and the dates that such ratings were issued/re-affirmed were as follows:</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 66pt; TEXT-INDENT: -6pt"><FONT lang=EN-US face="Times New Roman" size=2>
<TABLE width="100%">
<TR>
     <TD style="BORDER-TOP: #ffffff 1px solid; BORDER-LEFT: #ffffff 1px solid; BORDER-BOTTOM: #ffffff 1px solid" vAlign=top width="35%">
<P><FONT style="FONT-SIZE: 10pt">Moody's (re-affirmed September 21, 2009)</FONT><BR>
<FONT style="FONT-SIZE: 10pt">Standard &amp; Poor's (re-affirmed September 18, 2009)</FONT><BR>
<FONT style="FONT-SIZE: 10pt">Fitch Ratings (issued August 20, 2009)</FONT></P>
</TD>
     <TD style="BORDER-TOP: #ffffff 1px solid; BORDER-BOTTOM: #ffffff 1px solid" vAlign=top width="10%">
<P><FONT style="FONT-SIZE: 10pt">Baa2</FONT><BR>
<FONT style="FONT-SIZE: 10pt">BBB-</FONT><BR>
<FONT style="FONT-SIZE: 10pt">BBB+</FONT></P>
</TD>
     <TD style="BORDER-RIGHT: #ffffff 1px solid; BORDER-TOP: #ffffff 1px solid; BORDER-BOTTOM: #ffffff 1px solid" vAlign=top width="55%"><FONT style="FONT-SIZE: 10pt">-stable outlook</FONT><BR>
<FONT style="FONT-SIZE: 10pt">-positive outlook</FONT><BR>
<FONT style="FONT-SIZE: 10pt">-negative outlook</FONT></TD></TR></TABLE></FONT></P>
<P style="MARGIN: 0in 0in 0pt 66pt; TEXT-INDENT: -6pt">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>The continued availability of the new revolving credit facility requires U.S. Cellular to comply with certain negative and affirmative covenants, maintain certain financial ratios and make representations regarding certain matters at the time of each borrowing. U.S. Cellular believes it was in compliance as of September 30, 2009 with all of the covenants and requirements set forth in its new revolving credit facility. </FONT></P>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><B><FONT lang=EN-US face="Times New Roman" size=2>Long-Term Financing</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt 0.25in">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>U.S. Cellular&#146;s long-term debt indenture does not contain any provisions resulting in acceleration of the maturities of outstanding debt in the event of a change in U.S. Cellular&#146;s credit rating. However, a downgrade in U.S. Cellular&#146;s credit rating could adversely affect its ability to obtain long-term debt financing in the future.&nbsp; U.S. Cellular believes it was in compliance as of September 30, 2009 with all covenants and other requirements set forth in its long-term debt indenture.&nbsp; U.S. Cellular has not failed to make nor does it expect to fail to make any scheduled payment of principal or interest under such indenture.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>The long-term debt principal payments due for the remainder of 2009 and the next four years comprise approximately 1% of the total long-term debt obligation at September 30, 2009.&nbsp; Refer to Market Risk &#150; Long-Term Debt in U.S. Cellular&#146;s Form 10-K for the year ended December 31, 2008 for additional information regarding required principal payments and the weighted average interest rates related to U.S. Cellular&#146;s long-term debt. </FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>U.S. Cellular may from time to time seek to retire or purchase its outstanding debt through cash purchases and/or exchanges for other securities, in open market purchases, privately negotiated transactions, tender offers, exchange offers or otherwise. Such repurchases or exchanges, if any, will depend on prevailing market conditions, liquidity requirements, contractual restrictions and other factors. The amounts involved may be material.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-ALIGN: center" align=center>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-ALIGN: center" align=center><FONT lang=EN-US face="Times New Roman" size=2>37</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-ALIGN: center" align=center>&nbsp;</P>
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<P><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman">
<A href="#page_2">Table of Contents</A></FONT></P>
<P>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Capital Expenditures</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">U.S. Cellular&#146;s capital expenditures for 2009 are expected to be approximately $575 million.&nbsp; These expenditures are expected to be for the following general purposes:</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Expand and enhance U.S. Cellular&#146;s coverage in its service areas;</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Provide additional capacity to accommodate increased network usage by current customers;</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Overlay 3G technology in certain markets;</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Enhance U.S. Cellular&#146;s retail store network; </FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Develop and enhance office systems; and</FONT></P>
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<P style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Develop new billing and other customer management-related systems and platforms.</FONT></P>
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<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">U.S. Cellular plans to finance its capital expenditures program for 2009 using cash on hand, cash flows from operating activities and, if necessary, short-term debt.</FONT></P>
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<P style="MARGIN: 0in 0in 0pt 0.25in"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Suppliers</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">U.S. Cellular depends upon certain key suppliers to provide it with handsets, equipment, services or content to continue its network build and upgrade and to operate its business. U.S. Cellular does not have operational or financial control over any of such key suppliers and has limited influence with respect to the manner in which these key suppliers conduct their businesses. If these key suppliers experience financial difficulties and are unable to provide equipment, services or content to U.S. Cellular on a timely basis or cease to provide such equipment, services or content or if such key suppliers otherwise fail to honor their obligations to U.S. Cellular, U.S. Cellular may be unable to maintain and upgrade its network or provide services to its customers in a competitive manner, or could suffer other disruptions to its business. In that event, U.S. Cellular&#146;s business, financial condition or resul
ts of operations could be adversely affected. U.S. Cellular monitors the financial condition of its key suppliers through its risk management process.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">In January 2009, Nortel Networks Corporation ("Nortel"), a key supplier of network equipment, business communications systems, and technical support for U.S. Cellular, announced that it, Nortel Networks Limited and certain of its other Canadian subsidiaries obtained creditor protection under the Companies&#146; Creditors Arrangement Act in Canada.&nbsp; Additionally, certain of Nortel&#146;s U.S. subsidiaries, including Nortel Networks Inc. and Nortel Networks Capital Corporation, have filed voluntary petitions in the United States under Chapter 11 (&#147;reorganization&#148;) of the U.S. Bankruptcy Code, and certain of Nortel&#146;s other subsidiaries made similar filings in other jurisdictions.&nbsp; </FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Nortel is operating under these protections and is pursuing sales of portions of its operations and assets to various parties. In the event that Nortel or the successor acquirers of its assets and operations are unable to continue to provide equipment and services, U.S. Cellular believes that it will be able to purchase similar network equipment, business communications systems and technical support from other suppliers and, therefore, U.S. Cellular does not believe Nortel&#146;s reorganization and the sale of Nortel&#146;s assets and operations to other entities will have a significant impact on U.S. Cellular&#146;s day-to-day operations. However, the following could adversely impact U.S. Cellular's future results of operations and cash flows:</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Reduced competition among telecommunications equipment suppliers could increase the future costs to acquire such equipment;</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.5in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Replacement and upgrades of Nortel equipment with equipment from other vendors could be more costly;</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.77in; TEXT-INDENT: -0.27in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">The potential lack of future upgrades or enhancements to Nortel equipment could reduce the useful life of such equipment, and result in accelerated depreciation charges; and</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.5in"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Maintenance of Nortel equipment could be more costly.</FONT></P>
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<P style="MARGIN: 0in 0in 0pt 0.25in"><B><FONT lang=EN-US face="Times New Roman" size=2>Acquisitions, Divestitures and Exchanges</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>U.S.&nbsp;Cellular assesses its existing wireless interests on an ongoing basis with a goal of improving the competitiveness of its operations and maximizing its long-term return on investment. As part of this strategy, U.S.&nbsp;Cellular reviews attractive opportunities to acquire additional wireless operating markets and wireless spectrum. In addition, U.S.&nbsp;Cellular may seek to divest outright or include in exchanges for other wireless interests those wireless interests that are not strategic to its long-term success. U.S.&nbsp;Cellular also from time to time may be engaged in negotiations relating to the acquisition, divestiture or exchange of companies, strategic properties or wireless spectrum. In general, U.S.&nbsp;Cellular may not disclose such transactions until there is a definitive agreement.&nbsp; See Note 8&#151; Acquisitions, Divestitures and Exchanges in the Notes to Consolidated Financial Statements for a
dditional information regarding pending transactions.&nbsp; </FONT></P>
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<P style="MARGIN: 0in 0in 0pt 0.25in"><B><FONT lang=EN-US face="Times New Roman" size=2>Variable Interest Entities</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>U.S.&nbsp;Cellular consolidates certain entities because they are &#147;variable interest entities&#148; under accounting principles generally accepted in the United States of America (&#147;GAAP&#148;). See Note&nbsp;6&#151;Variable Interest Entities in the Notes to Consolidated Financial Statements for the details of these variable interest entities. U.S.&nbsp;Cellular may elect to make additional capital contributions and/or advances to these variable interest entities in future periods in order to fund their operations.</FONT></P>
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<P style="MARGIN: 0in 0in 0pt 0.25in"><B><FONT lang=EN-US face="Times New Roman" size=2>Common Share Repurchase Program</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>U.S.&nbsp;Cellular has repurchased and expects to continue to repurchase its Common Shares subject to the repurchase program. For details of this program and repurchases made during 2009 and 2008, see Note&nbsp;14&#151;Common Share Repurchases in the Notes to Consolidated Financial Statements.</FONT></P>
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<P style="MARGIN: 0in 0in 0pt 0.25in"><B><FONT lang=EN-US face="Times New Roman" size=2>Contractual and Other Obligations</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>The Contractual and Other Obligations disclosed in Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations included in U.S. Cellular&#146;s Form 10-K for the year ended December 31, 2008 did not include any liabilities related to &#147;unrecognized tax benefits&#148; as defined by GAAP because U.S. Cellular is unable to predict the period of settlement of such liabilities.&nbsp; Subject to the foregoing, there has been no material change to Contractual and Other Obligations between December 31, 2008 and September 30, 2009.</FONT></P>
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<P style="MARGIN: 0in 0in 0pt 0.25in"><B><FONT lang=EN-US face="Times New Roman" size=2>Off-Balance Sheet Arrangements</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>U.S.&nbsp;Cellular has no transactions, agreements or other contractual arrangements with unconsolidated entities involving &#147;off-balance sheet arrangements,&#148; as defined by Securities and Exchange Commission (&#147;SEC&#148;) rules, that have or are reasonably likely to have a material current or future effect on its financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources.</FONT></P>
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<P style="MARGIN: 0in 0in 0pt 0.25in"><B><FONT lang=EN-US face="Times New Roman" size=2>Accounts Receivable and Allowance for Doubtful Accounts</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>U.S. Cellular&#146;s accounts receivable consist primarily of amounts owed by customers pursuant to service contracts and for equipment sales, by agents for equipment sales, by other wireless carriers whose customers have used U.S. Cellular&#146;s wireless systems for roaming and by unaffiliated third&#8209;party partnerships or corporations pursuant to equity distribution declarations.</FONT></P>
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<P style="MARGIN: 0in 0in 0pt 0.25in"><EM><FONT lang=EN-US style="FONT-STYLE: normal" face="Times New Roman" size=2>U.S. Cellular assesses&nbsp;its accounts receivable for collectability on an ongoing basis.&nbsp;The allowance for doubtful accounts is the best estimate of the amount of probable credit losses related to existing accounts receivable. The allowance is estimated based on historical experience and other factors,&nbsp;such as&nbsp;general economic and consumer market&nbsp;conditions,&nbsp;which could affect collectability. Accounts receivable balances are reviewed for collectability on either an aggregate or individual basis depending on the type of receivable. When it is probable that an account balance will not be collected, the account balance is charged against the allowance for doubtful accounts. U.S. Cellular's bad debts expense was&nbsp;2.6% and 1.9% of&nbsp;related revenues for the nine month periods ended September 30, 2009 and 2008, respectively.</FONT></EM></P>
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<P style="MARGIN: 0in 0in 0pt 0.25in"><B><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>Insurance</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>U.S.&nbsp;Cellular has several commercial property and casualty insurance policies with a variety of subsidiary companies of American International Group,&nbsp;Inc. (&#147;AIG&#148;). These companies operate under the insurance regulations of various states including New York, Pennsylvania and Delaware. U.S.&nbsp;Cellular has inquired into the ability of these AIG companies to meet their obligations in the event of a claim against these policies and has received assurance from AIG and U.S.&nbsp;Cellular&#146;s insurance brokers that the </FONT></P>
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<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>companies remain able to meet these obligations. State insurance regulators and the rating agencies have issued press releases indicating the same. U.S. Cellular did not have any significant property and casualty claims outstanding with these companies as of September 30, 2009. U.S. Cellular continues to monitor the financial condition of other insurance providers.</FONT></P>
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<P style="MARGIN: 0in 0in 0pt 0.25in"><B><FONT lang=EN-US face="Times New Roman" size=2>APPLICATION OF CRITICAL ACCOUNTING POLICIES AND ESTIMATES</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>U.S. Cellular prepares its consolidated financial statements in accordance with GAAP.&nbsp; U.S. Cellular&#146;s significant accounting policies are discussed in detail in Note 2 &#151; Summary of Significant Accounting Policies of the Notes to Consolidated Financial Statements and U.S. Cellular&#146;s Application of Critical Accounting Policies and Estimates is discussed in detail in Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations, both included in U.S. Cellular&#146;s Form 10-K for the year ended December 31, 2008.</FONT></P>
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<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>Historically, U.S. Cellular&#146;s annual impairment review of goodwill and indefinite-lived intangible assets has been completed as of April 1 of each year. Effective April 1, 2009, U.S. Cellular adopted a new accounting policy whereby its annual impairment review of goodwill and indefinite-lived intangible assets will be performed as of November 1 instead of April 1 of each year. As discussed in Note 10 &#151; Licenses and Goodwill, an impairment analysis of goodwill and indefinite-lived intangible assets was last completed as of December 31, 2008. The change in the annual goodwill and indefinite-lived intangible asset impairment testing date was made to better align the annual impairment test with the timing of U.S. Cellular&#146;s annual strategic planning process, which allows for a better estimate of the future cash flows used in discounted cash flow models to test for impairment. This change in accounting policy does 
not delay, accelerate or avoid an impairment charge. Accordingly, U.S. Cellular management believes that this accounting change is preferable under the circumstances.</FONT></P>
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<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>As disclosed under Application of Critical Accounting Policies and Estimates in U.S. Cellular&#146;s Form 10-K for the year ended December 31, 2008, for purposes of impairment testing of licenses, U.S. Cellular historically prepared valuations of each of the units of accounting that represent developed operating markets using an &#147;excess earnings methodology.&#148;&nbsp; This excess earnings methodology estimated the fair value of the units of accounting by measuring the future cash flows of the license groups, reduced by charges for contributory assets such as working capital, trademarks, existing subscribers, fixed assets, assembled workforce and goodwill.&nbsp; U.S. Cellular has determined that, in the future, it will not use the excess earnings methodology in performing impairment testing for licenses, but will use another methodology that is more widely used in the wireless industry to estimate the fair value of lic
enses for purposes of impairment testing. Given the overall economic conditions that have existed since the fourth quarter of 2008, it is possible that U.S. Cellular could experience an impairment of its Licenses or Goodwill in the fourth quarter of 2009 when the annual impairment tests related to these assets are performed.</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>See Note 3 &#151; Noncontrolling Interests in the Notes to Consolidated Financial Statements for information related to U.S. Cellular&#146;s adoption of new required provisions under GAAP related to accounting for noncontrolling interests effective January 1, 2009.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US face="Times New Roman" size=2>Other than disclosed above, there were no material changes to U.S. Cellular&#146;s significant accounting policies or application of critical accounting policies during the nine months ended September 30, 2009.&nbsp; </FONT></P>
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</TD></TR></TABLE></FONT></A></FONT></H4> <H4 style="MARGIN: 0in 0in 0pt 0.25in; PAGE-BREAK-AFTER: auto; TEXT-ALIGN: center"><B><I><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char; TEXT-DECORATION: none" face="Times New Roman"></FONT></I></B>&nbsp;</H4> <H4 style="MARGIN: 0in 0in 0pt 0.25in; PAGE-BREAK-AFTER: auto; TEXT-ALIGN: center"><B><I><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char; TEXT-DECORATION: none" face="Times New Roman">PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995</FONT></I></B></H4> <H4 style="MARGIN: 0in 0in 0pt 0.25in; PAGE-BREAK-AFTER: auto; TEXT-ALIGN: center"><B><I><FONT style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char; TEXT-DECORATION: none" face="Times New Roman">SAFE HARBOR CAUTIONARY STATEMENT</FONT></I></B></H4>
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<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT style="FONT-VARIANT: small-caps" face="Times New Roman"><B><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman"></FONT></I></B></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2>This Form&nbsp;10-Q, including exhibits, contains statements that are not based on historical facts and represent forward-looking statements, as this term is defined in the Private Securities Litigation Reform Act of 1995.&nbsp; All statements, other than statements of historical facts, that address activities, events or developments that U.S. Cellular intends, expects, projects, believes, estimates, plans or anticipates will or may occur in the future are forward-looking statements.&nbsp; The words &#147;believes&#148;, &#147;anticipates,&#148; &#147;estimates,&#148; &#147;expects,&#148; &#147;plans,&#148; &#147;intends,&#148; &#147;projects&#148; and similar expressions are intended to identify these forward-looking statements, but are not the exclusive means of identifying them. Such forward&#8209;looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, events or developments to be significantly di
fferent from any future results, events or developments expressed or implied by such forward&#8209;looking statements.&nbsp; Such risks, uncertainties and other factors include those set forth below, as more fully discussed under &#147;Risk Factors&#148; in U.S. Cellular&#146;s&nbsp;Form&nbsp;10-K for the year ended December 31, 2008.&nbsp; However, such factors are not necessarily all of the important factors that could cause actual results, performance or achievements to differ materially from those expressed in, or implied by, the forward-looking statements contained in this document.&nbsp; Other unknown or unpredictable factors also could have material adverse effects on future results, performance or achievements.&nbsp; U.S. Cellular undertakes no obligation to update publicly any forward-looking statements whether as a result of new information, future events or otherwise. You should carefully consider the Risk Factors in U.S. Cellular&#146;s Form 10-K for the year ended December 31, 2008, the followin
g factors and other information contained in, or incorporated by reference into, this Form 10-Q to understand the material risks relating to U.S. Cellular&#146;s business.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char; LETTER-SPACING: -0.1pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0in 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman">Intense competition in the markets in which U.S. Cellular operates could adversely affect U.S. Cellular's revenues or increase its costs to compete.</FONT></I></P>
<P style="MARGIN: 0in 0in 0in 0.75in"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="MARGIN: 0in 0in 0in 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman">A failure by U.S.&nbsp;Cellular&#146;s service offerings to meet customer expectations could limit U.S.&nbsp;Cellular&#146;s ability to attract and retain customers and could have an adverse effect on U.S.&nbsp;Cellular&#146;s operations.</FONT></I></P>
<P style="MARGIN: 0in 0in 0in 0.75in"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="MARGIN: 0in 0in 0in 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman">U.S.&nbsp;Cellular&#146;s system infrastructure may not be capable of supporting changes in technologies and services expected by customers, which could result in lost customers and revenues.</FONT></I></P>
<P style="MARGIN: 0in 0in 0in 0.75in"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="MARGIN: 0in 0in 0in 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman">An inability to obtain or maintain roaming arrangements with other carriers on terms that are acceptable to U.S.&nbsp;Cellular could have an adverse effect on U.S.&nbsp;Cellular&#146;s business, financial condition or results of operations. </FONT></I></P>
<P style="MARGIN: 0in 0in 0in 0.75in"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: both; LETTER-SPACING: -0.1pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LAYOUT-GRID-MODE: both; LETTER-SPACING: -0.1pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: both; LETTER-SPACING: -0.1pt" face="Times New Roman">U.S. Cellular currently receives a significant amount of roaming revenues.&nbsp; As a result of recent acquisitions by other companies in the wireless industry, U.S. Cellular's roaming revenues have declined.&nbsp; U.S. Cellular anticipates that this trend will continue over the next few quarters.&nbsp; Further industry consolidation and continued build outs by existing and new wireless carriers could cause roaming revenues to decline even more, which would have an adverse effect on U.S. Cellular's business, financial condition and results of operations.</FONT>
</I></P>
<P style="MARGIN: 0in 0in 0pt 0.75in"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: both; LETTER-SPACING: -0.1pt" face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="MARGIN: 0in 0in 0in 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman">A failure by U.S.&nbsp;Cellular to obtain access to adequate radio spectrum could have an adverse effect on U.S.&nbsp;Cellular&#146;s business and operations.</FONT></I></P>
<P style="MARGIN: 0in 0in 0in 0.75in"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="MARGIN: 0in 0in 0in 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman">To the extent conducted by the FCC, U.S. Cellular is likely to participate in FCC auctions of additional spectrum in the future as an applicant or as a non-controlling partner in another auction applicant and, during certain periods, will be subject to the FCC&#146;s anti-collusion rules, which could have an adverse effect on U.S.&nbsp;Cellular.</FONT></I></P>
<P style="MARGIN: 0in 0in 0in 0.75in"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="MARGIN: 0in 0in 0in 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman">An inability to attract and/or retain management, technical, sales and other personnel could have an adverse effect on U.S.&nbsp;Cellular&#146;s business, financial condition or results of operations.</FONT></I></P>
<P style="MARGIN: 0in 0in 0in 0.75in"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="MARGIN: 0in 0in 0in 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman">U.S.&nbsp;Cellular&#146;s assets are concentrated in the U.S.&nbsp;wireless telecommunications industry. As a result, its results of operations may fluctuate based on factors related entirely to conditions in this industry.</FONT></I></P>
<P style="MARGIN: 0in"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="MARGIN: 0in 0in 0in 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman">The completion of acquisitions has led to increased consolidation in the wireless telecommunications industry.&nbsp; U.S. Cellular's lower scale relative to larger wireless carriers has in the past and could in the future prevent or delay its access to new products including handsets, new technology and/or new content and applications which could adversely affect U.S. Cellular's ability to attract and retain customers and, as a result, could adversely affect its business, financial condition or results of operations.&nbsp;&nbsp;&nbsp; </FONT></I></P>
<P style="MARGIN: 0in"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman"></FONT></I>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0in 0.5in; TEXT-ALIGN: center" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman">41</FONT></P>
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<A name="page_42"></A></P>
<P><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman">
<A href="#page_2">Table of Contents</A></FONT></P>
<P><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0in 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman">Inability to manage its supply chain or inventory successfully could have an adverse effect on U.S. Cellular's business, financial condition or results of operations.</FONT></I></P>
<P style="MARGIN: 0in 0in 0pt 0.75in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: both" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0in 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman">Changes in general economic and business conditions, both nationally and in the markets in which U.S.&nbsp;Cellular operates, could have an adverse effect on U.S.&nbsp;Cellular&#146;s business, financial condition or results of operations.</FONT></I></P>
<P style="MARGIN: 0in 0in 0in 0.75in"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="MARGIN: 0in 0in 0in 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman">Changes in various business factors could have an adverse effect on U.S.&nbsp;Cellular&#146;s business, financial condition or results of operations. </FONT></I></P>
<P style="MARGIN: 0in 0in 0in 0.75in"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="MARGIN: 0in 0in 0in 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman">Advances or changes in telecommunications technology, such as Voice over Internet Protocol ("VoIP"), High-Speed Packet Access, WiMAX or Long-Term Evolution ("LTE"), could render certain technologies used by U.S.&nbsp;Cellular obsolete, could reduce U.S.&nbsp;Cellular&#146;s revenues or could increase its costs of doing business.</FONT></I></P>
<P style="MARGIN: 0in 0in 0in 0.75in"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="MARGIN: 0in 0in 0in 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman">Changes in U.S.&nbsp;Cellular&#146;s enterprise value, changes in the market supply or demand for wireless licenses, adverse developments in the business or the industry in which U.S.&nbsp;Cellular is involved and/or other factors could require U.S.&nbsp;Cellular to recognize impairments in the carrying value of its license costs, goodwill, customer lists and/or physical assets.</FONT></I></P>
<P style="MARGIN: 0in 0in 0in 0.75in"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="MARGIN: 0in 0in 0in 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman">Costs, integration problems or other factors associated with acquisitions/divestitures of properties or licenses and/or expansion of U.S.&nbsp;Cellular&#146;s business could have an adverse effect on U.S.&nbsp;Cellular&#146;s business, financial condition or results of operations.</FONT></I></P>
<P style="MARGIN: 0in 0in 0in 0.75in"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="MARGIN: 0in 0in 0in 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman">A significant portion of U.S.&nbsp;Cellular&#146;s revenues is derived from customers who buy services through independent agents who market U.S.&nbsp;Cellular&#146;s services on a commission basis. If U.S.&nbsp;Cellular&#146;s relationships with these agents are seriously harmed, its revenues could be adversely affected.</FONT></I></P>
<P style="MARGIN: 0in 0in 0in 0.75in"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="MARGIN: 0in 0in 0in 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman">U.S.&nbsp;Cellular&#146;s investments in technologies which are unproven or for which success has not yet been demonstrated may not produce the benefits that U.S.&nbsp;Cellular expects.</FONT></I></P>
<P style="MARGIN: 0in 0in 0in 0.75in"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="MARGIN: 0in 0in 0in 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman">A failure by U.S.&nbsp;Cellular to complete significant network construction and systems implementation activities as part of its plans to improve the quality, coverage, capabilities and capacity of its network and support systems could have an adverse effect on its operations.</FONT></I></P>
<P style="MARGIN: 0in 0in 0in 0.75in"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="MARGIN: 0in 0in 0in 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman">Financial difficulties (including bankruptcy proceedings) of U.S.&nbsp;Cellular&#146;s key suppliers or vendors, termination or impairment of U.S.&nbsp;Cellular&#146;s relationships with such suppliers or vendors, or a failure by U.S. Cellular to manage its supply chain effectively could result in delays or termination of U.S.&nbsp;Cellular&#146;s receipt of required equipment or services, or could result in excess quantities of required equipment or services, any of which could adversely affect U.S.&nbsp;Cellular&#146;s business, financial condition or results of operations.</FONT></I></P>
<P style="MARGIN: 0in 0in 0in 0.75in"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="MARGIN: 0in 0in 0in 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman">U.S.&nbsp;Cellular has significant investments in entities that it does not control. Losses in the value of such investments could have an adverse effect on U.S.&nbsp;Cellular&#146;s financial condition or results of operations.</FONT></I></P>
<P style="MARGIN: 0in 0in 0in 0.75in"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="MARGIN: 0in 0in 0in 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman">A material disruption in U.S. Cellular&#146;s telecommunication networks or information technology, including breaches of network or information technology security, could have an adverse effect on U.S. Cellular&#146; business, financial condition or results of operations.</FONT></I></P>
<P style="MARGIN: 0in 0in 0in 0.75in"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="MARGIN: 0in 0in 0in 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman">Wars, conflicts, hostilities and/or terrorist attacks or equipment failures, power outages, natural disasters or other events could have an adverse effect on U.S.&nbsp;Cellular&#146;s business, financial condition or results of operations.</FONT></I></P>
<P style="MARGIN: 0in 0in 0in 0.75in"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="MARGIN: 0in 0in 0in 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman">The market price of U.S.&nbsp;Cellular&#146;s Common Shares is subject to fluctuations due to a variety of factors.</FONT></I></P>
<P style="MARGIN: 0in 0in 0in 0.5in"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="MARGIN: 0in 0in 0in 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman">Changes in interpretations of accounting requirements, changes in industry practice, identification of errors or changes in management assumptions could require amendments to or restatements of financial information or disclosures included in this or prior filings with the SEC.</FONT></I></P>
<P style="MARGIN: 0in 0in 0in 0.75in"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="MARGIN: 0in 0in 0in 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman">Restatements of financial statements by U.S.&nbsp;Cellular and related matters, including resulting delays in filing periodic reports with the SEC, could have an adverse effect on U.S.&nbsp;Cellular&#146;s business, financial condition or results of operations.</FONT></I></P>
<P style="MARGIN: 0in 0in 0in 0.75in"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman"></FONT></I>&nbsp;</P>
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<A href="#page_2">Table of Contents</A></FONT></P>
<P style="MARGIN: 0in 0in 0in 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Symbol></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0in 0.75in; TEXT-INDENT: -0.25in">&nbsp;</P>
<P style="MARGIN: 0in 0in 0in 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman">The existence of material weaknesses in the effectiveness of internal control over financial reporting could result in inaccurate financial statements or other disclosures or failure to prevent fraud, which could have an adverse effect on U.S. Cellular&#146;s business, financial condition or results of operations.</FONT></I></P>
<P style="MARGIN: 0in 0in 0in 0.75in"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="MARGIN: 0in 0in 0in 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman">Changes in facts or circumstances, including new or additional information that affects the calculation of potential liabilities for contingent obligations under guarantees, indemnities or otherwise, could require U.S.&nbsp;Cellular to record charges in excess of amounts accrued in the financial statements, if any, which could have an adverse effect on U.S.&nbsp;Cellular&#146;s financial condition or results of operations.</FONT></I></P>
<P style="MARGIN: 0in 0in 0in 0.75in"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="MARGIN: 0in 0in 0in 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman">Early redemptions or repurchases of debt, issuances of debt, changes in operating leases, changes in purchase obligations or other factors or developments could cause the amounts reported under Contractual Obligations in U.S. Cellular&#146;s Management&#146;s Discussion and Analysis of Financial Condition and Results of Operations to be different from the amounts actually incurred.</FONT></I></P>
<P style="MARGIN: 0in 0in 0in 0.75in"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="MARGIN: 0in 0in 0in 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman">An increase in the amount of U.S.&nbsp;Cellular&#146;s debt could subject U.S.&nbsp;Cellular to higher interest costs and restrictions on its financing, investing and operating activities and could decrease its net income and cash flows.</FONT></I></P>
<P style="MARGIN: 0in 0in 0in 0.75in"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="MARGIN: 0in 0in 0in 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman">Disruption in credit and other financial markets and the deterioration of U.S. and global economic conditions, could, among other things, impede U.S. Cellular's access to or increase the cost of financing its operating and investment activities and/or result in reduced revenues and lower operating income and cash flows, which would have an adverse effect on U.S. Cellular's financial condition or results of operations.</FONT></I></P>
<P style="MARGIN: 0in 0in 0in 0.75in"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="MARGIN: 0in 0in 0in 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman">Uncertainty of access to capital for telecommunications companies, deterioration in the capital markets, other changes in market conditions, changes in U.S.&nbsp;Cellular&#146;s credit ratings or other factors could limit or restrict the availability of financing on terms and prices acceptable to U.S.&nbsp;Cellular, which could require U.S.&nbsp;Cellular to reduce its construction, development or acquisition programs.</FONT></I></P>
<P style="MARGIN: 0in 0in 0in 0.75in"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="MARGIN: 0in 0in 0in 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman">Changes in the regulatory environment or a failure by U.S.&nbsp;Cellular to timely or fully comply with any applicable regulatory requirements could adversely affect U.S.&nbsp;Cellular&#146;s financial condition, results of operations or ability to do business.</FONT></I></P>
<P style="MARGIN: 0in 0in 0in 0.75in"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="MARGIN: 0in 0in 0in 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman">Changes in USF funding and/or intercarrier compensation could have a material adverse impact on U.S. Cellular&#146;s financial position or results of operations.</FONT></I></P>
<P style="MARGIN: 0in 0in 0in 0.75in"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="MARGIN: 0in 0in 0in 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman">Changes in income tax rates, laws, regulations or rulings, or federal or state tax assessments, could have an adverse effect on U.S.&nbsp;Cellular&#146;s financial condition or results of operations.</FONT></I></P>
<P style="MARGIN: 0in 0in 0in 0.75in"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="MARGIN: 0in 0in 0in 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman">Settlements, judgments, restraints on its current or future manner of doing business and/or legal costs resulting from pending and future litigation could have an adverse effect on U.S.&nbsp;Cellular&#146;s financial condition, results of operations or ability to do business.</FONT></I></P>
<P style="MARGIN: 0in 0in 0in 0.75in"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="MARGIN: 0in 0in 0in 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman">The possible development of adverse precedent in litigation or conclusions in professional studies to the effect that radio frequency emissions from handsets, wireless data devices and/or cell sites cause harmful health consequences, including cancer or tumors, or may interfere with various electronic medical devices such as pacemakers, could have an adverse effect on U.S.&nbsp;Cellular&#146;s business, financial condition or results of operations.</FONT></I></P>
<P style="MARGIN: 0in 0in 0in 0.75in"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="MARGIN: 0in 0in 0in 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman">Claims of infringement of intellectual property and proprietary rights of others, primarily involving patent infringement claims, could prevent U.S. Cellular from using necessary technology to provide services or subject U.S. Cellular to expensive intellectual property litigation or monetary penalties, which could have an adverse effect on U.S. Cellular's business, financial condition or results of operations.</FONT></I></P>
<P style="MARGIN: 0in 0in 0in 0.75in"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="MARGIN: 0in 0in 0in 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman">There are potential conflicts of interests between TDS and U.S. Cellular.</FONT></I></P>
<P style="MARGIN: 0in 0in 0in 0.75in"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="MARGIN: 0in 0in 0in 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman">Certain matters, such as control by TDS and provisions in the U.S.&nbsp;Cellular Restated Certificate of Incorporation, may serve to discourage or make more difficult a change in control of U.S.&nbsp;Cellular.</FONT></I></P>
<P style="MARGIN: 0in"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman"></FONT></I>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0in 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Symbol></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0in 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman">A failure by U.S. Cellular to successfully execute its business strategy could have an adverse effect on U.S. Cellular&#146;s business, financial condition or results of operations.</FONT></I></P>
<P style="MARGIN: 0in 0in 0in 0.75in"><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman"></FONT></I>&nbsp;</P>
<P style="MARGIN: 0in 0in 0in 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: -0.1pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman">Any of the foregoing events or other events could cause revenues, customer additions, operating income, capital expenditures and/or any other financial or statistical information to vary from U.S.&nbsp;Cellular&#146;s forward-looking estimates by a material amount.</FONT></I></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">44</FONT></P>
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<P style="MARGIN: 0in 0in 0pt 0.25in"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">Item 3. Quantitative and Qualitative Disclosures About Market Risk</FONT></U></B></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">MARKET RISK</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">Long-Term Debt</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">As of September 30, 2009, U.S. Cellular&#146;s long-term debt was in the form of fixed-rate notes with original maturities ranging up to 30 years. Fluctuations in market interest rates can lead to fluctuations in the fair value of these fixed-rate notes.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">See Note 4 &#151; Fair Value Measurements in the Notes to Consolidated Financial Statements for additional information related to the fair market value of U.S. Cellular&#146;s long-term debt as of September 30, 2009. </FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">Refer to the disclosure under Market Risk &#151; Long-Term Debt in U.S. Cellular&#146;s Form 10-K for the year ended December 31, 2008 for additional information regarding required principal payments and weighted average interest rates related to U.S. Cellular&#146;s long-term debt.&nbsp; </FONT></P>
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<P style="MARGIN: 0in 0in 0pt 0.25in"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman">Item 4. Controls and Procedures </FONT></U></B></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><U><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Evaluation of Disclosure Controls and Procedures</FONT></U></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">U.S. Cellular maintains disclosure controls and procedures (as defined in Rules&nbsp;13a-15(e)&nbsp;and 15d-15(e)&nbsp;under the Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;)) that are designed to ensure that information required to be disclosed in its reports filed or submitted under the Exchange Act is processed, recorded, summarized and reported within the time periods specified in the SEC&#146;s rules&nbsp;and forms, and that such information is accumulated and communicated to U.S. Cellular&#146;s management, including its Chief Executive Officer and Chief Financial Officer, as appropriate, to allow for timely decisions regarding required disclosure.&nbsp; In designing and evaluating the disclosure controls and procedures, management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the de
sired control objectives.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">As required by SEC Rule&nbsp;13a-15(b), U.S. Cellular carried out an evaluation, under the supervision and with the participation of management, including its Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of U.S. Cellular&#146;s disclosure controls and procedures as of the end of the period covered by this Quarterly Report.&nbsp; Based on this evaluation, U.S. Cellular&#146;s Chief Executive Officer and Chief Financial Officer concluded that U.S. Cellular&#146;s disclosure controls and procedures were effective as of September 30, 2009.</FONT></P>
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<P style="MARGIN: 0in 0in 0pt 0.25in"><U><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Changes in Internal Control Over Financial Reporting</FONT></U></P>
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<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">There were no changes in U.S. Cellular&#146;s internal control over financial reporting during the quarter ended September 30, 2009 that have materially affected, or are reasonably likely to materially affect, U.S. Cellular&#146;s internal control over financial reporting.</FONT></P>
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<P style="MARGIN: 0in 0in 0pt 0.25in"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman">Part II. Other Information</FONT></U></B></P>
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<P style="MARGIN: 0in 0in 0pt 0.25in"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="Times New Roman">Item&nbsp;1.&nbsp; Legal Proceedings
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<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">In February 2009, the United States Department of Justice (&#147;DOJ&#148;) notified U.S. Cellular and its parent, TDS, that each is a named defendant in a civil action brought by a private party in the U.S. District Court for the District of Columbia under the "qui tam" provisions of the federal False Claims Act.&nbsp; TDS and U.S. Cellular were advised that the complaint seeks return of approximately $165 million of bid credits from certain FCC auctions and requests treble damages.&nbsp; The complaint was under seal while the DOJ considered whether to intervene in the proceeding.&nbsp; On October 13, 2009, TDS and U.S. Cellular were advised that the DOJ had determined not to intervene in the proceeding.&nbsp; As a result of the complaint, the DOJ had investigated TDS' and U.S. Cellular's participation in certain spectrum auctions conducted by the FCC between 2005 and 2008, through Carroll Wireless, L.P., B
arat Wireless, L.P., and King Street Wireless, L.P.&nbsp; Carroll Wireless, L.P. and Barat Wireless, L.P. were winning bidders in Auction 58, and Auction 66, respectively, and King Street Wireless, L.P. was a provisional winning bidder in Auction 73. These limited partnerships received a 25% bid credit in the applicable auction price under FCC rules.&nbsp; The DOJ investigated whether these limited partnerships qualified for the 25% bid credit in auction price considering their arrangements with TDS and U.S. Cellular.&nbsp; In addition, on October 13, 2009, the District Court unsealed the complaint.&nbsp; If the private party plaintiff decides to pursue the matter, it must serve the complaint on TDS and U.S. Cellular within 120 days.&nbsp; As of the date of filing of this Form 10-Q, the plaintiff has not served a complaint on TDS and U.S. Cellular and it is unknown if and when it may do so.&nbsp; TDS and U.S. Cellular believe that U.S. Cellular's arrangements with these limited partnerships and the limited p
artnerships' participation in the FCC auctions complied with applicable law and FCC rules&nbsp;and each of TDS and U.S. Cellular intends to vigorously defend itself against any claim that it violated applicable law or FCC rules.&nbsp; At this time, U.S. Cellular cannot predict the outcome of any proceeding.&nbsp; The FCC sent a letter to King Street Wireless, L.P. requesting that it submit to the FCC a written response to the allegations in the complaint.&nbsp; King Street Wireless, L.P. made this submission as requested by the FCC on May 8, 2009.&nbsp; The FCC has not taken any formal action on the matter as of the date of the&nbsp;filing of this Form 10-Q.</FONT></P>
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<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">U.S. Cellular is involved or may be involved from time to time in legal proceedings before the FCC, other regulatory authorities, and/or various state and federal courts.&nbsp; If U.S. Cellular believes that a loss arising from such legal proceedings is probable and can be reasonably estimated, an amount is accrued in the financial statements for the estimated loss.&nbsp; If only a range of loss can be determined, the best estimate within that range is accrued; if none of the estimates within that range is better than another, the low end of the range is accrued.&nbsp; The assessment of the expected outcomes of legal proceedings is a highly subjective process that requires judgments about future events.&nbsp; The legal proceedings are reviewed at least quarterly to determine the adequacy of accruals and related financial statement disclosures.&nbsp; The ultimate outcomes of legal proceedings could differ mat
erially from amounts accrued in the financial statements.</FONT></P>
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<P style="MARGIN: 0in 0in 0pt 0.25in"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">Item 1A.&nbsp; Risk Factors.</FONT></U></B></P>
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<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">In addition to the information set forth in this Form 10-Q, you should carefully consider the factors discussed in Part I, &#147;Item 1A. Risk Factors&#148; in U.S. Cellular&#146;s Annual Report on Form 10-K for the year ended December 31, 2008, which could materially affect U.S. Cellular&#146;s business, financial condition or future results. The risks described in this Form 10-Q and the Form 10-K for the year ended December 31, 2008 may not be the only risks that may affect U.S. Cellular.&nbsp; Additional unidentified or unrecognized risks and uncertainties may materially adversely affect U.S. Cellular&#146;s business, financial condition and/or operating results. Subject to the foregoing, U.S. Cellular has not identified for disclosure any material changes to the risk factors as previously disclosed in U.S. Cellular&#146;s Annual Report on Form 10-K for the year ended December 31, 
2008, except that the following risk factor in such Form 10-K is hereby updated as follows:</FONT></P>
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<P style="MARGIN: 0in 0in 0pt 0.25in"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">Financial difficulties (including bankruptcy proceedings) of U.S.&nbsp;Cellular&#146;s key suppliers or vendors, termination or impairment of U.S.&nbsp;Cellular&#146;s relationships with such suppliers or vendors, or a failure by U.S. Cellular to manage its supply chain effectively could result in delays or termination of U.S.&nbsp;Cellular&#146;s receipt of required equipment or services, or could result in excess quantities of required equipment or services, any of which could adversely affect U.S.&nbsp;Cellular&#146;s business, financial condition or results of operations.</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">U.S. Cellular depends upon certain vendors to provide it with equipment, services or content to continue its network construction and upgrade and to operate its business.&nbsp; U.S. Cellular does not have operational or financial control over such key suppliers and has limited influence with respect to the manner in which these key suppliers conduct their businesses.&nbsp; If these key suppliers experience financial difficulties or file for bankruptcy, they may be unable to provide equipment, services or content to U.S. Cellular on a timely basis or cease to provide such equipment, services or content or otherwise fail to honor their obligations to U.S. Cellular.&nbsp; In such case, U.S. Cellular may be unable to maintain and upgrade its network or provide services to its customers in a competitive manner, or could suffer other disruptions to its business.&nbsp; In that event, U.S. Cellular&#146;s business, 
financial condition or results of operations could be adversely affected.</FONT></P>
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<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">In January 2009, Nortel Networks Corporation (&#147;Nortel&#148;), a key supplier of network equipment, business communications systems, and technical support for U.S. Cellular, announced that it, Nortel Networks Limited and certain of its other Canadian subsidiaries obtained creditor protection under the Companies&#146; Creditors Arrangement Act in Canada. Additionally, certain of Nortel&#146;s U.S. subsidiaries, including Nortel Networks Inc. and Nortel Networks Capital Corporation, have filed voluntary petitions in the United States under Chapter 11 (&#147;reorganization&#148;) of the U.S. Bankruptcy Code, and certain of Nortel&#146;s other subsidiaries made similar filings in other jurisdictions. </FONT></P>
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<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Nortel is operating under these protections and is pursuing sales of portions of its operations and assets to various parties. In the event that Nortel or the successor acquirers of its assets and operations are unable to continue to provide equipment and services, U.S. Cellular believes that it will be able to purchase similar network equipment, business communications systems and technical support from other suppliers and, therefore, U.S. Cellular does not believe Nortel&#146;s reorganization and the sale of Nortel&#146;s assets and operations to other entities will have a significant impact on U.S. Cellular&#146;s day-to-day operations. However, the following could adversely impact U.S. Cellular's future results of operations and cash flows:</FONT></P>
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<P style="MARGIN-LEFT: 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Reduced competition among telecommunications equipment suppliers could increase the future costs to acquire such equipment;</FONT></P>
<P style="MARGIN-LEFT: 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Replacement and upgrades of Nortel equipment with equipment from other vendors could be more costly;</FONT></P>
<P style="MARGIN-LEFT: 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">The potential lack of future upgrades or enhancements to Nortel equipment could reduce the useful life of such equipment, and result in accelerated depreciation charges; and</FONT></P>
<P style="MARGIN-LEFT: 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Maintenance of Nortel equipment could be more costly.</FONT></P>
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<P style="MARGIN: 0in 0in 0pt 0.25in"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">Item 2.&nbsp; Unregistered Sales of Equity Securities and Use of Proceeds.</FONT></U></B></P>
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<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">Prior to November&nbsp;18, 2008, the Board of Directors of U.S. Cellular had authorized the repurchase of up to 1% of the outstanding U.S. Cellular Common Shares held by non-affiliates in each three-month period, primarily for use in employee benefit plans (the &#147;Limited Authorization&#148;).&nbsp; On November&nbsp;18, 2008, the Board of Directors of U.S. Cellular amended the Limited Authorization to permit the repurchase of up to 5% of the outstanding U.S. Cellular Common Shares held by persons other than TDS affiliates in each twelve-month period.&nbsp; This authorization does not have an expiration date.</FONT></P>
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<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">During the three months ended September 30, 2009, U.S. Cellular repurchased 140,000 Common Shares for $5.0&nbsp;million, or an average of $35.37 per share pursuant to this authorization. </FONT></P>
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<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">The following table provides certain information with respect to all purchases made by or on behalf of U.S. Cellular, and any open market purchases made by any "affiliated purchaser" (as defined by the SEC), of U.S. Cellular Common Shares during the quarter covered by this Form 10-Q.&nbsp; </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>Total Number of&nbsp; </FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>Maximum Number of&nbsp; </FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="16%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>Common Shares </FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="20%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>Common Shares that</FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="29%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>Total Number</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="16%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>Average Price</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>Purchased as Part of </FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="20%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>May Yet Be Purchased </FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="29%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>of Common </FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="16%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>Paid per </FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>Publicly Announced</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="20%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>Under the </FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="31%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>Period</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>Shares Purchased</FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="16%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>Common Share </FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>Plans or Programs </FONT></B></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="20%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>Plans or Programs </FONT></B></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="31%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>July 1 &#150; 31, 2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;&#151;&nbsp;</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="16%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;&#151;&nbsp;</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;&#151;&nbsp;</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="20%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;147,000&nbsp;</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="31%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>August 1 &#150; 31, 2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;140,000&nbsp;</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;35.37&nbsp;</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;140,000&nbsp;</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="20%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;&#151;&nbsp;</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="31%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>September 1 &#150; 30, 2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;&#151;&nbsp;</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;&#151;&nbsp;</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;&#151;&nbsp;</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; PADDING-LEFT: 0pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid" vAlign=bottom width="20%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;1,000&nbsp;</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="29%">
<P style="MARGIN: 0in 0in 0pt 0.15in; TEXT-INDENT: -0.15in"><FONT face="Times New Roman" color=#000000 size=2>Total for or as of the end of the quarter ended September 30, 2009</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="13%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;140,000&nbsp;</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;35.37&nbsp;</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="15%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;140,000&nbsp;</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 0pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 0pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="20%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;1,000&nbsp;</FONT></P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">The following is additional information with respect to the Limited Authorization:</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.65in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">i.&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">The date the program was announced was May 15, 2000 by Form 10-Q.&nbsp; The date the amended program was announced was February 26, 2009 by Form 10-K.</FONT></P>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">48</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center>&nbsp;</P>
<HR align=center width="100%" color=#000000 noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
<A name="page_49"></A>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman"></FONT>&nbsp;</P>
<P><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman">
<A href="#page_2">Table of Contents</A></FONT></P>
<P>&nbsp;</P>
<P style="MARGIN-LEFT: 0.65in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">ii.&nbsp;&nbsp;&nbsp; On November 18, 2008, the Board of Directors of U.S. Cellular amended the Limited Authorization to permit the repurchase of up to 5% of the outstanding U.S. Cellular Common Shares held by persons other than TDS affiliates in each twelve-month period. </FONT></P>
<P style="MARGIN-LEFT: 0.65in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">iii.&nbsp;&nbsp; There is no expiration date for the program.</FONT></P>
<P style="MARGIN-LEFT: 0.65in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">iv.&nbsp;&nbsp; The Limited Authorization did not expire during the third quarter of 2009.</FONT></P>
<P style="MARGIN-LEFT: 0.65in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">v.&nbsp;&nbsp;&nbsp;&nbsp;U.S. Cellular did not determine to terminate the foregoing Common Share repurchase program prior to expiration, or cease making further purchases thereunder, during the third quarter of 2009.</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-ALIGN: justify"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">Item 5. Other Information.</FONT></U></B></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char; TEXT-DECORATION: none" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: both" face="Times New Roman">The following information is being provided to update prior disclosures made pursuant to the requirements of Form 8-K, Item 2.03 &#151; Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: both" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: both" face="Times New Roman">U.S. Cellular did not borrow or repay any amounts under its revolving credit facility in the third quarter of 2009. U.S. Cellular had no borrowings outstanding under its revolving credit facility as of September 30, 2009.&nbsp; U.S. Cellular entered into a new revolving credit facility on June 30, 2009 and terminated its prior revolving credit facility at the same time.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.5in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: both" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">A description of U.S. Cellular&#146;s new revolving credit facility is included under Item 1.01 in U.S. Cellular&#146;s Current Report on Form&nbsp;8-K dated June 30, 2009 and is incorporated by reference herein.&nbsp; A description of the termination of the prior U.S. Cellular revolving credit facility is set forth in Item 1.02 of such Form 8-K and is incorporated by reference herein.</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">49</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center>&nbsp;</P>
<HR align=center width="100%" color=#000000 noShade SIZE=2>
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<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-ALIGN: justify"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman"></FONT></U></B>&nbsp;</P>
<P><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman">
<A href="#page_2">Table of Contents</A></FONT></P>
<P>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-ALIGN: justify"><B><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">Item 6. Exhibits</FONT></U></B></P>
<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 40.3pt; TEXT-INDENT: -22.3pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">Exhibit 4.1 &#150; $300,000,000 Credit Agreement dated June 30, 2009 among U.S. Cellular and the lenders and other parties identified therein is hereby incorporated by reference from Exhibit 4.1 to U.S. Cellular&#146;s Current Report on Form 8-K dated June 30, 2009.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 40.3pt; TEXT-INDENT: -22.3pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 40.3pt; TEXT-INDENT: -22.3pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">Exhibit&nbsp;10.1 &#150; U.S. Cellular Compensation Plan for Non-Employee Directors, as amended March 17, 2009, is hereby incorporated by reference to Exhibit B to U.S. Cellular&#146;s Notice of Annual Meeting of Shareholders and Proxy Statement dated April 15, 2009.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 40.3pt; TEXT-INDENT: -22.3pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 40.3pt; TEXT-INDENT: -22.3pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">Exhibit&nbsp;10.2 &#150; U.S. Cellular 2005 Long-Term Incentive Plan, as amended, is hereby incorporated by reference to Exhibit C to U.S. Cellular&#146;s Notice of Annual Meeting of Shareholders and Proxy Statement dated April 15, 2009.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 40.3pt; TEXT-INDENT: -22.3pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 40.3pt; TEXT-INDENT: -22.3pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">Exhibit&nbsp;10.3 &#150; U.S. Cellular 2009 Executive Officer Annual Incentive Plan Effective January 1, 2009 is hereby incorporated by reference from Exhibit 10.1 to U.S. Cellular&#146;s Current Report on Form 8-K dated June 26, 2009.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 40.3pt; TEXT-INDENT: -22.3pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 40.3pt; TEXT-INDENT: -22.3pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">Exhibit 11 &#150; Statement regarding computation of per share earnings is included herein as Note 7 &#150; Earnings Per Share in the Notes to Consolidated Financial Statements.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 40.3pt; TEXT-INDENT: -22.3pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 40.3pt; TEXT-INDENT: -22.3pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">Exhibit 12 &#150; Statement regarding computation of ratio of earnings to fixed charges.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 40.3pt; TEXT-INDENT: -22.3pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 40.3pt; TEXT-INDENT: -22.3pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">Exhibit 18 &#150; Preferability letter from Independent Registered Public Accounting Firm is hereby incorporated by reference from Exhibit 18 to U.S. Cellular&#146;s Quarterly Report on Form 10-Q for the quarter ended June 30, 2009.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 40.3pt; TEXT-INDENT: -22.3pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 40.3pt; TEXT-INDENT: -22.3pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">Exhibit 31.1 &#150; Chief Executive Officer certification pursuant to Rule 13a-14 of the Securities Exchange Act of 1934.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 40.3pt; TEXT-INDENT: -22.3pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 40.3pt; TEXT-INDENT: -22.3pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">Exhibit 31.2 &#150; Chief Financial Officer certification pursuant to Rule 13a-14 of the Securities Exchange Act of 1934.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 40.3pt; TEXT-INDENT: -22.3pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 40.3pt; TEXT-INDENT: -22.3pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">Exhibit 32.1 &#150; Chief Executive Officer certification pursuant to Section 1350 of Chapter 63 of Title 18 of the United States Code.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 40.3pt; TEXT-INDENT: -22.3pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 40.3pt; TEXT-INDENT: -22.3pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">Exhibit 32.2 &#150; Chief Financial Officer certification pursuant to Section 1350 of Chapter 63 of Title 18 of the United States Code.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman">The foregoing exhibits include only the exhibits that relate specifically to this Form 10-Q or that supplement the exhibits identified in U.S. Cellular&#146;s Form 10-K for the year ended December 31, 2008.&nbsp; Reference is made to U.S. Cellular&#146;s Form 10-K for the year ended December 31, 2008 for a complete list of exhibits, which are incorporated herein except to the extent supplemented or superseded above.</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">50</FONT></P>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center>&nbsp;</P>
<HR align=center width="100%" color=#000000 noShade SIZE=2>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
<A name="page_51"></A>
<P style="MARGIN: 0in 0in 0pt 0.25in; PAGE-BREAK-AFTER: auto; TEXT-ALIGN: center"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman"></FONT></U>&nbsp;</P>
<P><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: line" face="Times New Roman">
<A href="#page_2">Table of Contents</A></FONT></P>
<P>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in; PAGE-BREAK-AFTER: auto; TEXT-ALIGN: center"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">SIGNATURES</FONT></U></P>
<P style="MARGIN: 0in 0in 0pt 0.25in">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: 0.5in; TEXT-ALIGN: justify"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-ALIGN: justify">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-ALIGN: center" align=center><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">UNITED STATES CELLULAR CORPORATION</FONT></U></P>
<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-ALIGN: center" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">(Registrant)</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in" align=left><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">
<TABLE cellSpacing=0 cellPadding=0 width="100%">
<TR>
     <TD width="40%"><FONT size=2>Date:&nbsp;&nbsp; November 5, 2009&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: #ffffff 1px solid" align=center width="35%"></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" width="25%"><FONT size=2>/s/ John E. Rooney&shy;&shy;&shy;&shy;&nbsp;</FONT></TD></TR>
<TR>
     <TD width="40%"></TD>
     <TD width="35%"></TD>
     <TD width="25%">
<P><FONT size=2>John E. Rooney</FONT><BR>
<FONT size=2>President and Chief Executive Officer</FONT><BR>
<FONT size=2>(Principal Executive Officer)</FONT></P>
</TD></TR>
<TR>
     <TD style="BORDER-LEFT: #ffffff 1px solid" width="40%"></TD>
     <TD width="35%"></TD>
     <TD style="BORDER-RIGHT: #ffffff 1px solid" width="25%">
<P>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="BORDER-LEFT: #ffffff 1px solid" width="40%"></TD>
     <TD width="35%"></TD>
     <TD style="BORDER-RIGHT: #ffffff 1px solid" width="25%">&nbsp;</TD></TR>
<TR>
     <TD width="40%"><FONT size=2>Date:&nbsp;&nbsp; November 5, 2009&nbsp;</FONT></TD>
     <TD width="35%"></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" width="25%"><FONT size=2>/s/ Steven T. Campbell </FONT></TD></TR>
<TR>
     <TD style="BORDER-LEFT: #ffffff 1px solid" width="40%"></TD>
     <TD width="35%"></TD>
     <TD width="25%">
<P><FONT face="Times New Roman" size=2>Steven T. Campbell </FONT><BR>
<FONT face="Times New Roman" size=2>Executive Vice President-Finance,</FONT><BR>
<FONT face="Times New Roman" size=2>Chief Financial Officer and Treasurer</FONT><BR>
<FONT face="Times New Roman" size=2>(Principal Financial Officer)</FONT></P>
</TD></TR>
<TR>
     <TD width="40%"></TD>
     <TD width="35%"></TD>
     <TD style="BORDER-RIGHT: #ffffff 1px solid" width="25%">&nbsp;</TD></TR>
<TR>
     <TD style="BORDER-LEFT: #ffffff 1px solid" width="40%"></TD>
     <TD width="35%"></TD>
     <TD style="BORDER-RIGHT: #ffffff 1px solid" width="25%">&nbsp;</TD></TR>
<TR>
     <TD style="BORDER-LEFT: #ffffff 1px solid" width="40%"><FONT size=2>Date:&nbsp;&nbsp; November 5, 2009&nbsp;</FONT></TD>
     <TD width="35%"></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" width="25%"><FONT size=2>/s/ Kenneth R. Meyers </FONT></TD></TR>
<TR>
     <TD width="40%"></TD>
     <TD width="35%"></TD>
     <TD width="25%"><FONT face="Times New Roman" size=2>Kenneth R. Meyers</FONT><BR>
<FONT face="Times New Roman" size=2>Chief Accounting Officer</FONT><BR>
<FONT face="Times New Roman" size=2>(Principal Accounting Officer)</FONT></TD></TR>
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     <TD style="BORDER-RIGHT: #ffffff 1px solid" width="25%">&nbsp;</TD></TR>
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     <TD width="40%"><FONT size=2>Date:&nbsp;&nbsp; November 5, 2009&nbsp;</FONT></TD>
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     <TD style="BORDER-BOTTOM: #000000 1px solid" width="25%"><FONT size=2>/s/ Ljubica A. Petrich</FONT></TD></TR>
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     <TD width="25%"><FONT face="Times New Roman" size=2>Ljubica A. Petrich</FONT><BR>
<FONT face="Times New Roman" size=2>Vice President and Controller</FONT></TD></TR></TABLE></FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in">&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: 121.5pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>
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<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-ALIGN: center" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">Signature page for the U.S. Cellular 2009 Third Quarter Form 10-Q</FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">51</FONT></P>
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<DOCUMENT>
<TYPE>EX-12
<SEQUENCE>2
<FILENAME>exhibit12.htm
<DESCRIPTION>EX-12
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<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-ALIGN: right" align=right><B><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>Exhibit 12</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-ALIGN: center" align=center><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>UNITED STATES CELLULAR CORPORATION</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-ALIGN: center" align=center><U><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>RATIO OF EARNINGS TO FIXED CHARGES</FONT></U></P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="62%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="31%" colSpan=6>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>Nine Months Ended</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
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<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="62%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="31%" colSpan=6>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>September 30,</FONT></B></P>
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     <TD vAlign=bottom width="1%"></TD></TR>
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<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="62%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="14%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>2009&nbsp;</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="14%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>2008&nbsp;</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="62%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt" face="Times New Roman" color=black><FONT size=2>&nbsp;</FONT><SUP><FONT size=2>&nbsp;</FONT></SUP></FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat; HEIGHT: 12.75pt" vAlign=bottom width="31%" colSpan=6>
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B><FONT face="Times New Roman" color=#000000 size=2>(Dollars in thousands)</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>EARNINGS: </FONT></P>
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<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.75pt" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.75pt" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; HEIGHT: 12.75pt" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="68%" colSpan=5>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>&nbsp; Income before income taxes </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
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     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;332,692</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;384,783</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR>
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<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="67%" colSpan=4>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Add (deduct): </FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="66%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Equity in earnings of unconsolidated entities </FONT></P>
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     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(73,247</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(66,361</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="66%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Distributions from unconsolidated entities </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;51,306</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;50,859</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="66%" colSpan=3><FONT style="FONT-SIZE: 10pt" face="Times New Roman" color=black>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2>Income attributable to noncontrolling interests in subsidiaries that do not have fixed charges </FONT></P>
</FONT></TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(18,351</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;(16,768</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"><FONT face="Times New Roman" size=2>)</FONT></TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="62%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt" face="Times New Roman" color=black><FONT size=2>&nbsp;</FONT><SUP><FONT size=2>&nbsp;</FONT></SUP></FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;292,400</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;352,513</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="67%" colSpan=4>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Add fixed charges: </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="66%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Consolidated interest expense(1)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;57,767</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;60,611</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="66%" colSpan=3>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Interest portion (1/3) of consolidated rent expense </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;31,238</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;27,745</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="62%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt" face="Times New Roman" color=black><FONT size=2>&nbsp;</FONT><SUP><FONT size=2>&nbsp;</FONT></SUP></FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;381,405</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;440,869</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="62%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt" face="Times New Roman" color=black><FONT size=2>&nbsp;</FONT><SUP><FONT size=2>&nbsp;</FONT></SUP></FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="68%" colSpan=5>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>FIXED CHARGES: </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="67%" colSpan=4>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Consolidated interest expense(1)</FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;57,767</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;60,611</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="67%" colSpan=4>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Capitalized interest </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;1,100</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&#151;</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="67%" colSpan=4>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>Interest portion (1/3) of consolidated rent expense </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;31,238</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BORDER-BOTTOM: black 1pt solid; BACKGROUND-REPEAT: repeat" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;27,745</FONT></P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="62%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt" face="Times New Roman" color=black><FONT size=2>&nbsp;</FONT><SUP><FONT size=2>&nbsp;</FONT></SUP></FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;90,105</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=#000000 size=2>$</FONT></P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>&nbsp;88,356</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="3%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="1%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="62%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><FONT style="FONT-SIZE: 9pt" face="Times New Roman" color=black><FONT size=2>&nbsp;</FONT><SUP><FONT size=2>&nbsp;</FONT></SUP></FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; BACKGROUND-POSITION: 0% 0%; PADDING-LEFT: 5.75pt; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-POSITION: 0% 0%; BACKGROUND-ATTACHMENT: scroll; BACKGROUND-IMAGE: none; BACKGROUND-REPEAT: repeat" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD vAlign=bottom width="1%"></TD></TR>
<TR>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign=bottom width="68%" colSpan=5>
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>RATIO OF EARNINGS TO FIXED CHARGES </FONT></P>
</TD>
     <TD style="PADDING-RIGHT: 5.75pt; PADDING-LEFT: 5.75pt; BACKGROUND: #cceeff; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>4.23</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD>
     <TD style="BACKGROUND: #cceeff" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="2%">
<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND: #cceeff; BORDER-BOTTOM: black 2.25pt double" vAlign=bottom width="12%">
<P style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: right" align=right><FONT face="Times New Roman" color=#000000 size=2>4.99</FONT></P>
</TD>
     <TD style="BACKGROUND-COLOR: #cceeff" vAlign=bottom width="1%"></TD></TR></TABLE></DIV>
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<P style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman" color=black size=2>(1)&nbsp;&nbsp;&nbsp;&nbsp; Interest expense on income tax contingencies is not included in fixed charges.</FONT></P>
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<DOCUMENT>
<TYPE>EX-31.1
<SEQUENCE>3
<FILENAME>exhibit31_1.htm
<DESCRIPTION>EX-31.1
<TEXT>

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<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-ALIGN: right" align=right><B><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>Exhibit 31.1</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-ALIGN: center" align=center><B><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>Certification of Chief Executive Officer</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-ALIGN: justify"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-ALIGN: justify"><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>I, John E. Rooney, certify that:</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-ALIGN: justify"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>1.</FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>I have reviewed this quarterly report on Form 10-Q of United States Cellular Corporation;</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.5in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>2.</FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.5in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>3.</FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.5in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>4.</FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>The registrant&#146;s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.5in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0in 0.75in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left" align=left><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>a)</FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;</FONT></P>
<P style="MARGIN: 0in 0in 0in 0.5in; TEXT-ALIGN: left" align=left><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0in 0.75in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left" align=left><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>b)</FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;</FONT></P>
<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>c)</FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;e</FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>valuated the effectiveness of the registrant&#146;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>d)</FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>disclosed in this report any change in the registrant&#146;s internal control over financial reporting that occurred during the registrant&#146;s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant&#146;s internal control over financial reporting; and</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>5.</FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>The registrant&#146;s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant&#146;s auditors and the audit committee of the registrant&#146;s board of directors (or persons performing the equivalent functions):</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.5in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0in 0.75in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left" align=left><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>a)</FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant&#146;s ability to record, process, summarize and report financial information; and</FONT></P>
<P style="MARGIN: 0in 0in 0in 0.5in; TEXT-ALIGN: left" align=left><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>b)</FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant&#146;s internal control over financial reporting.</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>Date:&nbsp; November 5, 2009</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in" align=right>
<TABLE cellSpacing=0 cellPadding=0 width="25%">
<TR>
     <TD style="BORDER-BOTTOM: #000000 1px solid" width="100%"><FONT size=2>/s/ John E. Rooney</FONT></TD></TR>
<TR>
     <TD width="100%"><FONT size=2>John E. Rooney<BR>
President and Chief Executive Officer</FONT></TD></TR></TABLE></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman"><FONT size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>
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<DOCUMENT>
<TYPE>EX-31.2
<SEQUENCE>4
<FILENAME>exhibit31_2.htm
<DESCRIPTION>EX-31.2
<TEXT>

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<P style="MARGIN: 0in 0in 6pt 0.25in; TEXT-ALIGN: right" align=right><B><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>Exhibit 31.2</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-ALIGN: center" align=center><B><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>Certification of Chief Financial Officer</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-ALIGN: justify"><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>I, Steven T. Campbell, certify that:</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-ALIGN: justify"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>1.</FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>I have reviewed this quarterly report on Form 10-Q of United States Cellular Corporation;</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.5in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>2.</FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.5in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>3.</FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.5in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>4.</FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>The registrant&#146;s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.5in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0in 0.75in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left" align=left><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>a)</FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;</FONT></P>
<P style="MARGIN: 0in 0in 0in 0.5in; TEXT-ALIGN: left" align=left><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0in 0.75in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left" align=left><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>b)</FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;</FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;</FONT></P>
<P style="MARGIN: 0in; TEXT-ALIGN: left" align=left><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>c)</FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>evaluated the effectiveness of the registrant&#146;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>d)</FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;</FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>disclosed in this report any change in the registrant&#146;s internal control over financial reporting that occurred during the registrant&#146;s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant&#146;s internal control over financial reporting; and</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.75in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.5in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>5.</FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>The registrant&#146;s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant&#146;s auditors and the audit committee of the registrant&#146;s board of directors (or persons performing the equivalent functions):</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.5in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0in 0.75in; TEXT-INDENT: -0.25in; TEXT-ALIGN: left" align=left><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>a)</FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant&#146;s ability to record, process, summarize and report financial information; and</FONT></P>
<P style="MARGIN: 0in 0in 0in 0.5in; TEXT-ALIGN: left" align=left><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.75in; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>b)</FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;</FONT><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant&#146;s internal control over financial reporting.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.75in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-ALIGN: justify"><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>Date:&nbsp; November 5, 2009 </FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman"><FONT size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></FONT></P>
<P style="TEXT-INDENT: 4in" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman"><FONT size=2>
<TABLE cellSpacing=0 cellPadding=0 width="25%">
<TR>
     <TD style="BORDER-BOTTOM: #000000 1px solid" width="100%"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"><FONT size=2>/s/ Steven T. Campbell&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT></TD></TR>
<TR>
     <TD width="100%"><FONT size=2>Steven T. Campbell<BR>
Executive Vice President-Finance,<BR>
Chief Financial Officer and Treasurer </FONT></TD></TR></TABLE></FONT></FONT></P>
<P style="TEXT-INDENT: 4in">&nbsp;</P>
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<DOCUMENT>
<TYPE>EX-32.1
<SEQUENCE>5
<FILENAME>exhibit32_1.htm
<DESCRIPTION>EX-32.1
<TEXT>

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<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-ALIGN: right" align=right><B><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>Exhibit 32.1</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-ALIGN: center" align=center><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-ALIGN: center" align=center><B><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>Certification Pursuant to Section 1350 of Chapter 63</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-ALIGN: center" align=center><B><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>of Title 18 of the United States Code</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: 0.25in"><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>I, John E. Rooney, the chief executive officer of United States Cellular Corporation, certify that (i) the quarterly report on Form 10-Q for the third quarter of 2009 fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and (ii) the information contained in the Form 10-Q fairly presents, in all material respects, the financial condition and results of operations of United States Cellular Corporation.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
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<TABLE cellSpacing=0 cellPadding=0 width="25%">
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     <TD style="BORDER-BOTTOM: #000000 1px solid" width="100%"><FONT size=2>/s/ John E. Rooney</FONT></TD></TR>
<TR>
     <TD width="100%"><FONT size=2>John E. Rooney<BR>
November 5, 2009</FONT></TD></TR></TABLE></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman"><FONT size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT size=2></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="LAYOUT-GRID-MODE: char" face="Times New Roman" size=2>A signed original of this written statement required by Section 906 of the Sarbanes-Oxley Act of 2002 has been provided to United States Cellular Corporation and will be retained by U.S. Cellular and furnished to the Securities and Exchange Commission or its staff upon request.</FONT></P>
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<DOCUMENT>
<TYPE>EX-32.2
<SEQUENCE>6
<FILENAME>exhibit32_2.htm
<DESCRIPTION>EX-32.2
<TEXT>

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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 0.7pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-ALIGN: right" align=right><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">Exhibit 32.2</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-ALIGN: center" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-ALIGN: center" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">Certification Pursuant to Section 1350 of Chapter 63</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-ALIGN: center" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">of Title 18 of the United States Code</FONT></B></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt 0.25in; TEXT-INDENT: 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">I, Steven T. Campbell, the chief financial officer of United States Cellular Corporation, certify that (i) the quarterly report on Form 10-Q for the third quarter of 2009 fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and (ii) the information contained in the Form 10-Q fairly presents, in all material respects, the financial condition and results of operations of United States Cellular Corporation.</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman"></FONT>&nbsp;</P>
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     <TD style="BORDER-BOTTOM: #000000 1px solid" width="100%"><FONT size=2>/s/ Steven T. Campbell</FONT></TD></TR>
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     <TD width="100%"><FONT size=2>Steven T. Campbell<BR>
November 5, 2009</FONT></TD></TR></TABLE></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>
<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>
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<P style="MARGIN: 0in 0in 0pt 0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LAYOUT-GRID-MODE: char" face="Times New Roman">A signed original of this written statement required by Section 906 of the Sarbanes-Oxley Act of 2002 has been provided to United States Cellular Corporation and will be retained by U.S. Cellular and furnished to the Securities and Exchange Commission or its staff upon request.</FONT></P>
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