-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 UdFW12oZMtVVYOh95wfSPQNeni25g27TA40c3Gk1TRRcsNBbEEi29QiztFWvVyO/
 Cfr74m4TkJKQSflDUx0iBA==

<SEC-DOCUMENT>0000930413-07-001898.txt : 20070302
<SEC-HEADER>0000930413-07-001898.hdr.sgml : 20070302
<ACCEPTANCE-DATETIME>20070302135031
ACCESSION NUMBER:		0000930413-07-001898
CONFORMED SUBMISSION TYPE:	N-CSR
PUBLIC DOCUMENT COUNT:		8
CONFORMED PERIOD OF REPORT:	20061231
FILED AS OF DATE:		20070302
DATE AS OF CHANGE:		20070302
EFFECTIVENESS DATE:		20070302

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DNP SELECT INCOME FUND INC
		CENTRAL INDEX KEY:			0000806628
		IRS NUMBER:				363480989
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		N-CSR
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-04915
		FILM NUMBER:		07666843

	BUSINESS ADDRESS:	
		STREET 1:		PO BOX 32760
		CITY:			LOUISVILLE
		STATE:			KY
		ZIP:			40232
		BUSINESS PHONE:		3123685510

	MAIL ADDRESS:	
		STREET 1:		PO BOX 32760
		CITY:			LOUISVILLE
		STATE:			KY
		ZIP:			40232

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DUFF & PHELPS SELECTED UTILITIES INC
		DATE OF NAME CHANGE:	19910429
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-CSR
<SEQUENCE>1
<FILENAME>c46569_n-csr.htm
<TEXT>
<HTML>

<HEAD><TITLE></TITLE></HEAD>
<BODY>

<TABLE width="30%" border=0 align="right" cellpadding=0 cellspacing=1>
<TR valign="bottom">
  <TD align=center colspan=2><hr size=1 width="100%"></TD>
</TR>
<TR valign="bottom">
	<TD align=center colspan=2>
<FONT size=2 face="serif">OMB APPROVAL</FONT>
	</TD>
</TR>
<TR>
	<TD colspan=2><hr size=1 width="100%">

	</TD>
</TR>
<TR valign="bottom">
	<TD width=47% align=left>
<FONT size=2 face="serif">OMB Number:</FONT>
	</TD>
	<TD width=53% align=right>
<FONT size=2 face="serif">3235-0570</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=2 face="serif">Expires:</FONT></TD>
    <TD align=left><div align="right"><font size=2 face="serif"> September 30, 2007</font> </div></TD>
</TR>
<TR valign="bottom">
	<TD align=left colspan=2>
<FONT size=2 face="serif">Estimated average burden</FONT>
	</TD>
</TR>
<TR valign="bottom">
  <TD align=left><FONT size=2 face="serif">hours per response</FONT></TD>
  <TD align=left><div align="right"><font size=2 face="serif"> 19.4</font></div></TD>
</TR>
<TR valign="bottom">
  <TD align=left colspan=2><hr size=1 width="100%"></TD>
</TR>
</TABLE>
<BR>

</P><p>&nbsp;</p><br>
<p>&nbsp;</p>
<P align="center">&nbsp;
</P>
<P align="center">&nbsp;</P>
<P align="center"><FONT size=2 face="serif">UNITED STATES<br>
  <br>
  SECURITIES AND EXCHANGE COMMISSION</FONT><br>
  <br>

  <FONT size=2 face="serif">Washington, D.C. 20549</FONT><BR>
  <BR>
  <B><FONT size=2 face="serif">FORM N-CSR </FONT></B>
</P>
<P align="center">
<B><FONT size=2 face="serif">CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT <br>
COMPANIES </FONT></B></P>
<P align="center">
<FONT size=2 face="serif">Investment Company Act file number </FONT><U><FONT size=2 face="serif">811-4915</FONT></U>
</P>
<P align="center">

<U><FONT size=2 face="serif">DNP Select Income Fund Inc.</FONT></U>
</P>
<P align="center">

<FONT size=2 face="serif">(Exact name of registrant as specified in charter)</FONT>
</P>
<P align="center">
<U><FONT size=2 face="serif">55 East Monroe Street, Suite 3600, Chicago, Illinois  &nbsp; &nbsp; &nbsp; &nbsp;60603 </FONT></U><br>
&nbsp;<FONT size=2 face="serif">(Address of principal executive offices) &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;(Zip code)</FONT></P>
<TABLE width="60%" border=0 align="center" cellpadding=0 cellspacing=0>
<TR valign="bottom">
  <TD width=44% align=left>
<FONT size=2 face="serif">Nathan I. Partain</FONT>
	</TD>
	<TD  width=11%>&nbsp;
	</TD>
	<TD width=45% align=left>
<FONT size=2 face="serif">John R. Sagan</FONT>
	</TD>
</TR>
<TR valign="bottom">
  <TD align=left>
<FONT size=2 face="serif">DNP Select Income Fund Inc.</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
<FONT size=2 face="serif">Mayer, Brown, Rowe &amp; Maw LLP</FONT>
	</TD>
</TR>
<TR valign="bottom">
  <TD align=left>
<FONT size=2 face="serif">55 East Monroe Street, Suite 3600</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
<FONT size=2 face="serif">71 South Wacker Drive</FONT>
	</TD>
</TR>
<TR valign="bottom">
  <TD align=left>
<FONT size=2 face="serif">Chicago, Illinois 60603</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
<FONT size=2 face="serif">Chicago, Illinois 60606</FONT>
	</TD>
</TR>
</TABLE>

<P align="center">
<FONT size=2 face="serif">(Name and address of agents for service) </FONT></P>
<P align="left">
<FONT size=2 face="serif">Registrant's telephone number, including area code: <U>(312) 368-5510&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></P>
<P align="left">
<FONT size=2 face="serif">Date of fiscal year end: <U>December 31</U></FONT></P><P align="left">
<FONT size=2 face="serif">  Date of reporting period: </FONT><U><FONT size=2 face="serif">December 31, 2006</FONT></U><FONT size=2
face="serif"> </FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to
be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policymaking roles.
</FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of
information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions
for reducing the burden to Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. &#167; 3507. </FONT></P>


<HR noshade  width="100%" size=4>

<P style="page-break-before:always"></P><PAGE>
<A name="page_2"></A>
<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
<TR valign="bottom">
  <TD align=left><font size=2 face="serif">ITEM 1.</font> </TD>
  <TD>&nbsp;</TD>
  <TD align=left><font size=2 face="serif">REPORTS TO STOCKHOLDERS</font></TD>
</TR>
<TR valign="bottom">
	<TD align=left width=10%>&nbsp;

	</TD>
	<TD  width=1%>&nbsp;
	</TD>
	<TD align=left width=89%>
<FONT size=2 face="serif">The Annual Report to Stockholders follows.</FONT>
	</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
</TR>
</TABLE>
<div style="width:100%">
<P><font size=2><img src="c46569001.jpg" alt="(COVER PAGE)"></font></P>

<p style='margin-top:-700px;margin-left:500px'>
<FONT SIZE=5>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DNP Select <BR>
Income Fund Inc.</FONT></p>


<p style='margin-top:400px;margin-left:500px'>
<FONT SIZE=2><B>Annual Report<BR><BR>
December 31, 2006</B></FONT></p>


</div>



<BR>



<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4><P ALIGN=LEFT STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<BR>
<div style="border:1px solid black;padding:3%">

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Fund Distributions and Managed Distribution Plan:</B>
Your Fund has been paying a regular 6.5 cents per share monthly distribution
since July 1997. At the February 2007 Board of Directors meeting, the Board
reaffirmed the current 6.5 cents per share per month distribution rate and
adopted a Managed Distribution Plan. The Plan provides for the continuation of
the 6.5 cents per share monthly distribution. The Fund will distribute all available
investment income to shareholders, consistent with the Fund&#146;s primary
investment objective. If and when sufficient investment income is not available
on a monthly basis, the Fund will distribute long-term capital gains and/or
return capital to its shareholders to maintain the steady distribution rate
that has been approved by the Fund&#146;s Board of Directors. To the extent that the
Fund uses capital gains and/or returns of capital to supplement its investment
income, you should not draw any conclusions about the Fund&#146;s investment
performance from the amount of the Fund&#146;s distributions or from the terms of
the Fund&#146;s Managed Distribution Plan.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Fund estimates that it has distributed more than its income and capital gains
in the fiscal year to date; therefore, a portion of your distribution may be a
return of capital. A return of capital may occur, for example, when some or all
of the money that you invested in the Fund is paid back to you. A return of
capital distribution does not necessarily reflect the Fund&#146;s investment
performance and should not be confused with &#147;yield&#148; or &#147;income&#148;.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
foregoing characterization of the Fund&#146;s distributions is based on U.S.
generally accepted accounting principles and may differ from the treatment of
those distributions for tax purposes. The determination of the character of all
Fund distributions for tax purposes (specifying which portion is ordinary
income, qualifying dividend income, short-or long-term capital gains, or return
of capital) is made each year-end and is reported to shareholders on Form
1099-DIV. You should have received your 2006 Form 1099-DIV in early February.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Board may amend, suspend or terminate the Managed Distribution Plan without
prior notice to shareholders if it deems such action to be in the best
interests of the Fund and its shareholders. For example, the Board might take
such action if the Plan had the effect of shrinking the Fund&#146;s assets to a
level that was determined to be detrimental to Fund shareholders. The
suspension or termination of the Plan could have the effect of creating a
trading discount (if the Fund&#146;s stock is trading at or above net asset value)
or widening an existing trading discount.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Please
refer to page 31 of this report for a description of the Managed Distribution
Plan in a Question and Answer format.</FONT></P>

</div>
<BR>
<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4><P ALIGN=LEFT STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<P><FONT SIZE=2><B>Dear Fellow Shareholders:</B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Performance Review:</B> Consistent with its
primary objective of current income, the Fund declared twelve monthly
distributions of 6.5 cents per share of common stock during 2006. The 6.5 cents
per share monthly rate, without compounding, would be 78 cents annualized, or a
7.21% common stock dividend yield based on the December 29, 2006, closing price
of $10.82 per share. That yield compares favorably with the year-end yields of
3.13% on the Dow Jones Utility Index and 3.08% on the S&amp;P Utilities Index.
Please refer to the portion of this letter captioned &#147;Board of Directors
Meetings&#148; for important information about the Fund&#146;s distributions.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Your
Fund had a total return (income plus change in market price) of 12.5% for the
year ended December 31, 2006, modestly better than the 12.1% return of the
Composite of the S&amp;P Utilities Index and the Lehman Utility Bond Index,
reflecting the stock and bond ratio of the Fund. In comparison, the S&amp;P
Utilities Index&#150;a stock only index&#150;had a total return of 21.0%.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
a longer-term basis, as of December 31, 2006, your Fund had a five-year
cumulative total return of 44.0%, again modestly above the 43.1% return of the
Composite of the S&amp;P Utilities Index and the Lehman Utility Bond Index,
reflecting the stock and bond ratio of the Fund. In comparison, the S&amp;P
Utilities Index had a total return during that period of 55.5%. It is important
to note that the Composite includes no management fees. The following table
compares the performance of your Fund to various market benchmarks.</FONT></P>

<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR style="font-size:1px">
  <TD WIDTH="34%" VALIGN=BOTTOM>
  <P>&nbsp;</P>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER>&nbsp;</P>
  </TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER>&nbsp;</P>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER>&nbsp;</P>
  </TD>
  <TD WIDTH="7%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER>&nbsp;</P>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER>&nbsp;</P>
  </TD>
  <TD WIDTH="8%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER>&nbsp;</P>
  </TD>
  <TD WIDTH="2%" VALIGN=BOTTOM>
  <P ALIGN=CENTER>&nbsp;</P>
  </TD>
  <TD WIDTH="11%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER>&nbsp;</P>
  </TD>
  <TD WIDTH="3%" VALIGN=BOTTOM>
  <P ALIGN=CENTER>&nbsp;</P>
  </TD>
  <TD WIDTH="14%" COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER>&nbsp;</P>
  </TD>
  <TD WIDTH="1%" VALIGN=BOTTOM>
  <P ALIGN=CENTER>&nbsp;</P>
  </TD>
 </TR>
 <TR>
  <TD  VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  COLSPAN="14" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1><B>Cumulative
  Total Return*</B></FONT></P>
  </TD>
  <TD  VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
 </TR>
 <TR>
  <TD  VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  COLSPAN="14" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

  </TD>
  <TD  VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
 </TR>
 <TR>
  <TD  VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  COLSPAN="5" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1><B>DNP Select
  Income</B></FONT></P>
  </TD>
  <TD  VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
 </TR>
 <TR>
  <TD  VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  COLSPAN="5" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1><B>Fund Inc.</B></FONT></P>
  </TD>
  <TD  VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  COLSPAN="2" ROWSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1><B>Composite</B></FONT></P>
  </TD>
  <TD  VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  COLSPAN="2" ROWSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1><B>S&amp;P
  500</B></FONT></P>
  </TD>
  <TD  ROWSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  COLSPAN="2" ROWSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1><B>Lehman
  Brothers</B></FONT></P>
  </TD>
  <TD  VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
 </TR>
 <TR>
  <TD  VALIGN=BOTTOM>
  <P><FONT SIZE="1"><B>For
the period indicated</B> </FONT></P>
  </TD>
  <TD  VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  COLSPAN="5" VALIGN=BOTTOM>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

  </TD>
  <TD  VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
 </TR>
 <TR>
  <TD  VALIGN=BOTTOM>
  <P><FONT SIZE="1"><B>through
December 31, 2006</B> </FONT></P>
  </TD>
  <TD  VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1><B>Market</B></FONT></P>
  </TD>
  <TD  VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1><B>NAV</B></FONT></P>
  </TD>
  <TD  VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1><B>Index</B></FONT></P>
  </TD>
  <TD  VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1><B>Utilities
  Index</B></FONT></P>
  </TD>
  <TD  VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  COLSPAN="2" VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1><B>Utility
  Bond Index</B></FONT></P>
  </TD>
  <TD  VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
 </TR>
 <TR>
  <TD  VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  COLSPAN="2" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

  </TD>
  <TD  VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

  </TD>
  <TD  COLSPAN="2" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

  </TD>
  <TD  VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

  </TD>
  <TD  COLSPAN="2" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

  </TD>
  <TD  VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

  </TD>
  <TD  COLSPAN="2" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

  </TD>
  <TD  VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

  </TD>
  <TD  COLSPAN="2" VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

  </TD>
  <TD  VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
 </TR>
 <TR>
  <TD  VALIGN=BOTTOM>
  <P><FONT SIZE=2>One year</FONT></P>
  </TD>
  <TD  VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2>12.5%</FONT></P>
  </TD>
  <TD  VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2>28.1%</FONT></P>
  </TD>
  <TD  VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2>12.1%</FONT></P>
  </TD>
  <TD  VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2>21.0%</FONT></P>
  </TD>
  <TD  VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2>15.8</FONT></P>
  </TD>
  <TD  VALIGN=BOTTOM>
  <P><FONT SIZE=2>%</FONT></P>
  </TD>
  <TD  VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
 </TR>
 <TR>
  <TD  VALIGN=BOTTOM>
  <P><FONT SIZE=2>Five years</FONT></P>
  </TD>
  <TD  VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2>44.0%</FONT></P>
  </TD>
  <TD  VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2>75.4%</FONT></P>
  </TD>
  <TD  VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2>43.1%</FONT></P>
  </TD>
  <TD  VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  VALIGN=BOTTOM>
  <P ALIGN=CENTER><FONT SIZE=2>55.5%</FONT></P>
  </TD>
  <TD  VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=2>3.9</FONT></P>
  </TD>
  <TD  VALIGN=BOTTOM>
  <P><FONT SIZE=2>%</FONT></P>
  </TD>
  <TD  VALIGN=BOTTOM>
  <P><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
 </TR>
</TABLE>

<BR>

<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR style="font-size:1px">
  <TD WIDTH="5%" VALIGN=TOP>
  <P>&nbsp;</P>
  </TD>
  <TD WIDTH="95%" VALIGN=TOP>
  <P>&nbsp;</P>
  </TD>
 </TR>
 <TR>
  <TD  VALIGN=TOP>
  <P><FONT SIZE=2>*</FONT></P>
  </TD>
  <TD  VALIGN=TOP>
  <P><FONT SIZE=2>Total return includes
  dividends reinvested in the Fund or index, as applicable. The Composite Index
  is a composite of the returns of the S&amp;P 500 Utilities Index and the
  Lehman Brothers Utility Bond Index, weighted to reflect the stock and bond
  ratio of the Fund. Performance returns for the S&amp;P 500 Utilities Index
  and Lehman Brothers Utility Bond Index were obtained from Bloomberg LLP. Fund
  returns were obtained from the Administrator of the Fund. Past performance is
  not indicative of future results.</FONT></P>
  </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Economic Review and Outlook:</B> The United
States economy, as measured by real Gross Domestic Product (GDP), completed its
fifth year of expansion in calendar 2006. Although growth slowed markedly
during the second and third quarters, the economy accelerated during the fourth
quarter, sustained by lower energy prices and a snap-back in personal
consumption expenditures. For the full year, GDP advanced 3.4%, compared with a
3.5% increase in 2005 and 4.2% in 2004. Although growth has eased somewhat from
prior years, the current pace, if sustained, is consistent with the economy&#146;s
overall &#147;potential rate of growth,&#148; a measure that considers the underlying
productive factors that generate business expansion.</FONT></P>

<P ALIGN=CENTER><FONT  SIZE=2>1</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4><P ALIGN=LEFT STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Federal Reserve (Fed) has been instrumental in cooling the economy. Between
mid-year 2004 and mid-year 2006, the Fed increased the federal funds rate 17
times in 25 basis point (0.25%) increments. Although the Fed paused raising
rates last August, policy deliberations and public statements by Fed officials
since that time have made it clear that they perceive inflation to be a greater
risk than a deeper economic slowdown. Indeed, the Fed&#146;s expectation for the
economy has been correct&#150;slower economic growth with signs of moderating core
(excluding food and energy) inflation. Thus far, however, this measure of
inflation continues to come in above the Fed&#146;s tolerance range. Until core
inflation declines meaningfully and/or unemployment moves higher, the Fed is
unlikely to reduce short-term interest rates below current levels.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
statistics released over the last several months have indicated, higher
interest rates have been felt most keenly in the housing industry. During the
second half of 2006, new and existing home sales fell sharply, and home
construction fell at close to a 20% rate. The dramatic slowdown in housing is
estimated to have reduced the growth in 2006 GDP by more than a full percentage
point. There still exists an overhang of new home inventory, which will likely
be a continued drag on the housing sector this year. Indeed, we feel the
greatest risk to the economy for 2007 could be that weakness in the housing
sector spills over into other areas of the economy, something that has happened
historically only when personal income was declining.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fortunately,
recently reported statistics suggest the 2006 rise in stock prices to some
extent mitigated the wealth effect of flattening real estate values. For
example, retail sales showed surprising strength during the December holiday
shopping period, increasing by a seasonally adjusted 0.9%. For all of 2006,
retail sales rose by 5.4%. This was down from the 6.9% increase in 2005, but a
solid showing nonetheless, given the weakness in the housing market. In
reality, real disposable personal income has been rising, and the American
consumer is doing well, buoyed by high employment, low inflation-adjusted and
tax-adjusted interest rates, and an all-time high in household net worth. When
consumers are doing well, they generally spend. We anticipate that real
personal consumption expenditures will continue to grow at a moderate pace and
be an important element supporting continued economic growth during 2007.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other
bright spots in the economic outlook include exports and capital goods
production. During 2006, the backlog of unfilled capital goods orders grew by
over 19%&#150;pointing to a continued flow of capital goods spending in coming
quarters&#150;and the export sector expanded at a 9.1% inflation-adjusted rate.
Exports may well continue to grow strongly for the foreseeable future: The
global economy is very healthy, and our largest and fastest-growing trading
partners should continue to demand American-made goods, which are now cheaper
because of the 8%-plus decline in the trade-weighted dollar in 2006.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
healthy state of the economy has also been reflected in aggregate corporate
profits, which have risen sharply throughout the current economic expansion and
likely will continue to grow in 2007 even with moderating growth. The impact of
an economic slowdown is not felt evenly across all industries, of course, with
manufacturing and housing typically being more cyclically sensitive than the
service sectors.</FONT></P>

<P ALIGN=CENTER><FONT  SIZE=2>2</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4><P ALIGN=LEFT STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At
the February meeting of the Fund&#146;s Board of Directors each year, the Fund&#146;s
analysts make a presentation to the Board regarding utility and REIT industry
trends and outlooks. A review of specific issues affecting those industries
based on those presentations will appear in our next quarterly letter to you.
The graph below is a presentation of your Fund&#146;s investments summarized by
sector as of December 31, 2006.</FONT></P>

<P ALIGN=CENTER><FONT  SIZE=2><B>DNP SELECT INCOME FUND INC.<BR>
SECTOR ALLOCATION*<BR>December 31, 2006</B></FONT></P>

<P ALIGN=CENTER><FONT  SIZE=2><IMG SRC="c46569002.jpg" ALT="(PIE CHART)"></FONT></P>

<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR style="font-size:1px">
  <TD WIDTH="5%" VALIGN=TOP>
  <P>&nbsp;</P>
  </TD>
  <TD WIDTH="95%" VALIGN=TOP>
  <P>&nbsp;</P>
  </TD>
 </TR>
 <TR>
  <TD  VALIGN=TOP>
  <P><FONT SIZE=2>*</FONT></P>
  </TD>
  <TD  VALIGN=TOP>
  <P><FONT SIZE=2>Sector allocation is based
  on total investments rather than total net assets applicable to common shares
  and includes securities purchased with the cash collateral for securities
  loaned.</FONT></P>
  </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Board of Directors Meetings:</B> At the regular
December 2006 Board of Directors&#146; meeting, the Board declared the following
monthly dividends:</FONT></P>

<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR style="font-size:1px">
  <TD WIDTH="10%" VALIGN=TOP>
  <P ALIGN=CENTER>&nbsp;</P>
  </TD>
  <TD WIDTH="11%" VALIGN=TOP>
  <P ALIGN=CENTER>&nbsp;</P>
  </TD>
  <TD WIDTH="10%" VALIGN=TOP>
  <P ALIGN=CENTER>&nbsp;</P>
  </TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P ALIGN=CENTER>&nbsp;</P>
  </TD>
  <TD WIDTH="9%" VALIGN=TOP>
  <P ALIGN=CENTER>&nbsp;</P>
  </TD>
  <TD WIDTH="9%" VALIGN=TOP>
  <P ALIGN=CENTER>&nbsp;</P>
  </TD>
  <TD WIDTH="9%" VALIGN=TOP>
  <P ALIGN=CENTER>&nbsp;</P>
  </TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P ALIGN=CENTER>&nbsp;</P>
  </TD>
  <TD WIDTH="10%" VALIGN=TOP>
  <P ALIGN=CENTER>&nbsp;</P>
  </TD>
  <TD WIDTH="10%" VALIGN=TOP>
  <P ALIGN=CENTER>&nbsp;</P>
  </TD>
  <TD WIDTH="10%" VALIGN=TOP>
  <P ALIGN=CENTER>&nbsp;</P>
  </TD>
 </TR>
 <TR>
  <TD  COLSPAN="3" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1><B>Cents
  Per Share</B></FONT></P>
  </TD>
  <TD  VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  COLSPAN="3" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1><B>Record
  Date</B></FONT></P>
  </TD>
  <TD  VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  COLSPAN="3" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1><B>Payable
  Date</B></FONT></P>
  </TD>
 </TR>
 <TR>
  <TD  VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

  </TD>
  <TD  VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

  </TD>
  <TD  VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

  </TD>
  <TD  VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
 </TR>
 <TR>
  <TD  COLSPAN="3" VALIGN=TOP BGCOLOR="#E6E6E6">
  <P ALIGN=CENTER><FONT SIZE=2>6.5</FONT></P>
  </TD>
  <TD  VALIGN=TOP BGCOLOR="#E6E6E6">
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  COLSPAN="3" VALIGN=TOP BGCOLOR="#E6E6E6">
  <P ALIGN=CENTER><FONT SIZE=2>December
  29</FONT></P>
  </TD>
  <TD  VALIGN=TOP BGCOLOR="#E6E6E6">
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  COLSPAN="3" VALIGN=TOP BGCOLOR="#E6E6E6">
  <P ALIGN=CENTER><FONT SIZE=2>January
  10</FONT></P>
  </TD>
 </TR>
 <TR>
  <TD  COLSPAN="3" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=2>6.5</FONT></P>
  </TD>
  <TD  VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  COLSPAN="3" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=2>January
  31</FONT></P>
  </TD>
  <TD  VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  COLSPAN="3" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=2>February
  12</FONT></P>
  </TD>
 </TR>
 <TR>
  <TD  COLSPAN="3" VALIGN=TOP BGCOLOR="#E6E6E6">
  <P ALIGN=CENTER><FONT SIZE=2>6.5</FONT></P>
  </TD>
  <TD  VALIGN=TOP BGCOLOR="#E6E6E6">
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  COLSPAN="3" VALIGN=TOP BGCOLOR="#E6E6E6">
  <P ALIGN=CENTER><FONT SIZE=2>February
  28</FONT></P>
  </TD>
  <TD  VALIGN=TOP BGCOLOR="#E6E6E6">
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  COLSPAN="3" VALIGN=TOP BGCOLOR="#E6E6E6">
  <P ALIGN=CENTER><FONT SIZE=2>March
  12</FONT></P>
  </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At
the regular February 2007 Board of Directors&#146; meeting, the Board declared the
following monthly dividends:</FONT></P>

<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR style="font-size:1px">
  <TD WIDTH="10%" VALIGN=TOP>
  <P ALIGN=CENTER>&nbsp;</P>
  </TD>
  <TD WIDTH="11%" VALIGN=TOP>
  <P ALIGN=CENTER>&nbsp;</P>
  </TD>
  <TD WIDTH="10%" VALIGN=TOP>
  <P ALIGN=CENTER>&nbsp;</P>
  </TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P ALIGN=CENTER>&nbsp;</P>
  </TD>
  <TD WIDTH="9%" VALIGN=TOP>
  <P ALIGN=CENTER>&nbsp;</P>
  </TD>
  <TD WIDTH="9%" VALIGN=TOP>
  <P ALIGN=CENTER>&nbsp;</P>
  </TD>
  <TD WIDTH="9%" VALIGN=TOP>
  <P ALIGN=CENTER>&nbsp;</P>
  </TD>
  <TD WIDTH="3%" VALIGN=TOP>
  <P ALIGN=CENTER>&nbsp;</P>
  </TD>
  <TD WIDTH="10%" VALIGN=TOP>
  <P ALIGN=CENTER>&nbsp;</P>
  </TD>
  <TD WIDTH="10%" VALIGN=TOP>
  <P ALIGN=CENTER>&nbsp;</P>
  </TD>
  <TD WIDTH="10%" VALIGN=TOP>
  <P ALIGN=CENTER>&nbsp;</P>
  </TD>
 </TR>
 <TR>
  <TD  COLSPAN="3" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1><B>Cents
  Per Share</B></FONT></P>
  </TD>
  <TD  VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  COLSPAN="3" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1><B>Record
  Date</B></FONT></P>
  </TD>
  <TD  VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  COLSPAN="3" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1><B>Payable
  Date</B></FONT></P>
  </TD>
 </TR>
 <TR>
  <TD  VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

  </TD>
  <TD  VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

  </TD>
  <TD  VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  VALIGN=TOP>
  <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

  </TD>
  <TD  VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
 </TR>
 <TR>
  <TD  COLSPAN="3" VALIGN=TOP BGCOLOR="#E6E6E6">
  <P ALIGN=CENTER><FONT SIZE=2>6.5</FONT></P>
  </TD>
  <TD  VALIGN=TOP BGCOLOR="#E6E6E6">
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  COLSPAN="3" VALIGN=TOP BGCOLOR="#E6E6E6">
  <P ALIGN=CENTER><FONT SIZE=2>March
  30</FONT></P>
  </TD>
  <TD  VALIGN=TOP BGCOLOR="#E6E6E6">
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  COLSPAN="3" VALIGN=TOP BGCOLOR="#E6E6E6">
  <P ALIGN=CENTER><FONT SIZE=2>April
  10</FONT></P>
  </TD>
 </TR>
 <TR>
  <TD  COLSPAN="3" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=2>6.5</FONT></P>
  </TD>
  <TD  VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  COLSPAN="3" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=2>April
  30</FONT></P>
  </TD>
  <TD  VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  COLSPAN="3" VALIGN=TOP>
  <P ALIGN=CENTER><FONT SIZE=2>May
  10</FONT></P>
  </TD>
 </TR>
 <TR>
  <TD  COLSPAN="3" VALIGN=TOP BGCOLOR="#E6E6E6">
  <P ALIGN=CENTER><FONT SIZE=2>6.5</FONT></P>
  </TD>
  <TD  VALIGN=TOP BGCOLOR="#E6E6E6">
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  COLSPAN="3" VALIGN=TOP BGCOLOR="#E6E6E6">
  <P ALIGN=CENTER><FONT SIZE=2>May
  31</FONT></P>
  </TD>
  <TD  VALIGN=TOP BGCOLOR="#E6E6E6">
  <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  COLSPAN="3" VALIGN=TOP BGCOLOR="#E6E6E6">
  <P ALIGN=CENTER><FONT SIZE=2>June
  11</FONT></P>
  </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At
the February 2007 Board of Directors meeting, the Board reaffirmed the current
6.5 cents per share per month distribution rate and formalized the monthly
distribution process by adopting a Managed Distribution Plan. The Plan is
described in a Question and Answer format on page 31 of this report.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest
rates remain historically low despite recent Federal Reserve actions, and
utility common stock dividend yields are well below their long-term average.
Since 2004, the Fund has made increased use of realized gains</FONT></P>

<P ALIGN=CENTER><FONT  SIZE=2>3</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4><P ALIGN=LEFT STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<P><FONT SIZE=2>offset by tax loss
carryforwards to supplement its investment income. Until the Fund utilizes all
of its tax loss carryforwards, distributions to shareholders derived from
realized gains will be treated as ordinary income for tax purposes under the
Internal Revenue Code (IRC). The treatment of the Fund&#146;s realized gains as
ordinary income for tax purposes has enabled the Fund to maintain its current
monthly &#147;income only&#148; distribution rate. In the absence of tax loss
carryforwards, distributions from long-term realized gains would be treated as
taxable capital gains rather than ordinary income.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Investment Company Act of 1940 and related rules of the Securities and Exchange
Commission (SEC) generally prohibit investment companies from distributing
long-term capital gains, as defined by the IRC, more often than once in a
twelve-month period. However, funds that have adopted a Managed Distribution
Plan often seek exemptive relief from the SEC, permitting them to distribute
long-term capital gains more than once a year. In order to potentially augment
the sources from which your Fund&#146;s monthly distribution can be paid, the Fund&#146;s
Board of Directors authorized the Fund to apply to the SEC for such exemptive
relief at the same time that it adopted the Managed Distribution Plan.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
the granting of exemptive relief is denied or delayed by the SEC, and the Fund
still needs to supplement its investment income from other sources after
utilizing all of its tax loss carryforwards, the Fund&#146;s monthly shareholder
distributions may need to include a portion of return of capital in order to
maintain the distribution rate. Even if the Fund receives exemptive relief from
the SEC, a return of capital could occur if the Fund were to distribute more
than its income and net realized capital gains. A return of capital may occur,
for example, when some or all of the money that you invested in the Fund is
paid back to you but does not necessarily reflect the Fund&#146;s investment
performance and should not be confused with &#147;yield&#148; or &#147;income.&#148; Any return of
capital would not be taxable to shareholders in the year it is paid. Rather,
shareholders would be required to reduce the cost basis of their shares by the
amount of the return of capital so that, when the shares are ultimately sold,
they will have properly accounted for the return of capital.</FONT></P>

<P><FONT SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Automatic Dividend Reinvestment Plan and Direct
Deposit Service&#151;</B>The Fund has a dividend reinvestment plan available
as a benefit to all registered shareholders and also offers direct deposit
service through electronic funds transfer to all registered shareholders
currently receiving a monthly dividend check. These services are offered
through The Bank of New York. For more information and/or an authorization form
on automatic dividend reinvestment or direct deposit, please contact The Bank
of New York (1-877-381-2537 or <U>http://stock.bankofny.com</U>). Information on these
services is also available on the Fund&#146;s web site at the address noted below. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Visit us on the Web&#151;</B>You can obtain the most
recent shareholder financial reports and dividend information at our web site,
http://www.dnpselectincome.com.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
appreciate your interest in DNP Select Income Fund Inc., and we will continue
to do our best to be of service to you.</FONT></P>

<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR style="font-size:1px">
  <TD WIDTH="52%" VALIGN=TOP>
  <P>&nbsp;</P>
  </TD>
  <TD WIDTH="48%" VALIGN=TOP>
  <P>&nbsp;</P>
  </TD>
 </TR>
 <TR>
  <TD  VALIGN=TOP>
  <P><FONT SIZE=2><IMG SRC="c46569003.jpg" ALT="-s- Francis E. Jeffries"></FONT></P>
  </TD>
  <TD  VALIGN=TOP>
  <P><FONT SIZE=2><IMG SRC="c46569004.jpg" ALT="-s- Nathan I. Partain"></FONT></P>
  </TD>
 </TR>
 <TR>
  <TD  VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
 </TR>
 <TR>
  <TD  VALIGN=TOP>
  <P><FONT SIZE=2>Francis E. Jeffries, CFA</FONT></P>
  </TD>
  <TD  VALIGN=TOP>
  <P><FONT SIZE=2>Nathan I. Partain, CFA</FONT></P>
  </TD>
 </TR>
 <TR>
  <TD  VALIGN=TOP>
  <P><FONT SIZE=2>Chairman of the Board</FONT></P>
  </TD>
  <TD  VALIGN=TOP>
  <P><FONT SIZE=2>President and Chief</FONT></P>
  </TD>
 </TR>
 <TR>
  <TD  VALIGN=TOP>
  <P><FONT SIZE=1>&nbsp;</FONT></P>
  </TD>
  <TD  VALIGN=TOP>
  <P><FONT SIZE=2>Executive Officer</FONT></P>
  </TD>
 </TR>
</TABLE>

<P ALIGN=CENTER><FONT  SIZE=2>4</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4><P ALIGN=LEFT STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<P ALIGN=CENTER><FONT  SIZE=2><B>REPORT OF INDEPENDENT REGISTERED PUBLIC
ACCOUNTING FIRM</B></FONT></P>

<P><FONT SIZE=2>To the Stockholders and
Board of Directors of<BR>DNP Select Income Fund Inc.:</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
have audited the accompanying statement of assets and liabilities of DNP Select
Income Fund Inc. (the &#147;Fund&#148;), including the schedule of investments, as of
December 31, 2006, and the related statements of operations and cash flows for
the year then ended, the statements of changes in net assets for each of the
two years in the period then ended, and the financial highlights for each of
the five years in the period then ended. These financial statements and
financial highlights are the responsibility of the Fund&#146;s management. Our
responsibility is to express an opinion on these financial statements and
financial highlights based on our audits.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
conducted our audits in accordance with auditing standards of the Public
Company Accounting Oversight Board (United States). Those standards require
that we plan and perform the audit to obtain reasonable assurance about whether
the financial statements and financial highlights are free of material
misstatement. We were not engaged to perform an audit of the Fund&#146;s internal control
over financial reporting. Our audits included consideration of internal control
over financial reporting as a basis for designing audit procedures that are
appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness of the Fund&#146;s internal control over financial
reporting. Accordingly, we express no such opinion. An audit also includes
examining, on a test basis, evidence supporting the amounts and disclosures in
the financial statements and financial highlights, assessing the accounting
principles used and significant estimates made by management, and evaluating
the overall financial statement presentation. Our procedures included
confirmation of securities owned as of December 31, 2006, by correspondence with
the custodian. We believe that our audits provide a reasonable basis for our
opinion.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
our opinion, the financial statements and financial highlights referred to
above present fairly, in all material respects, the financial position of DNP
Select Income Fund Inc. at December 31, 2006, and the results of its operations
and its cash flows for the year then ended, the changes in its net assets for
each of the two years in the period then ended, and the financial highlights
for each of the five years in the period then ended, in conformity with U.S.
generally accepted accounting principles.</FONT></P>

<P ALIGN=RIGHT><FONT  SIZE=2><IMG SRC="c46569005.jpg" ALT="-s- Ernst & Young LLP"></FONT></P>

<P><FONT SIZE=2>Chicago, Illinois<BR>
February 12, 2007</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>5</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4><P ALIGN=LEFT STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>


<P ALIGN=CENTER><FONT SIZE=2><B>DNP SELECT INCOME FUND INC.<BR>
SCHEDULE OF INVESTMENTS<BR>
December 31, 2006</B></FONT></P>

<P><FONT SIZE=2><B>COMMON STOCKS&#151;98.5%</B></FONT></P>

<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
<TR style="font-size:1px">
<TD WIDTH="12%" VALIGN=TOP>
<P ALIGN=RIGHT>&nbsp;</P>
</TD>
<TD WIDTH="3%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="65%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="3%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="1%" VALIGN=BOTTOM>
<P ALIGN=RIGHT>&nbsp;</P>
</TD>
<TD WIDTH="15%" VALIGN=BOTTOM>
<P ALIGN=RIGHT>&nbsp;</P>
</TD>
<TD WIDTH="1%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1><B>Shares</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1><B>Description</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD COLSPAN="2" VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1><B>Value<BR>
  (Note 1)</B></FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<HR SIZE=1 WIDTH="12%" NOSHADE COLOR=BLACK ALIGN=LEFT>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD COLSPAN="2" VALIGN=TOP>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2 FACE=WINGDINGS><B>n</B></FONT><FONT SIZE=2> <B> ELECTRIC AND GAS&#151;72.0%</B></FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>982,300</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Ameren Corp.</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>$</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>52,778,979</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>1,000,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Atmos Energy Corp.</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>31,910,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>3,071,300</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>CenterPoint Energy Inc.</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>50,922,154</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>1,125,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Consolidated Edison Inc.</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>54,078,750</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>2,030,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Duke Energy Corp.</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>67,416,300</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>900,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Endesa S.A. (Spain)</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>42,522,526</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>1,100,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Energy East Corp.</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>27,280,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>1,464,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Exelon Corp.</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>90,606,960</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>1,735,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>FPL Group Inc.</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>94,418,700</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>1,535,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>FirstEnergy Corp.</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>92,560,500</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>800,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Great Plains Energy Inc.</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>25,440,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>188,673</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>National Grid PLC ADR</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>13,701,433</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>675,714</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>National Grid PLC (United
  Kingdom)</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>9,746,632</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>800,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Nicor Inc.</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>37,440,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>1,000,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Northeast Utilities Inc.</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>28,160,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>2,237,200</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>NSTAR</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>76,870,192</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>1,000,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>OGE Energy Corp.</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>40,000,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>1,296,733</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Oneok Inc.</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>55,915,127</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>1,350,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>PG&amp;E Corp.</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>63,895,500</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>1,200,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>PPL Corp.</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>43,008,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>1,500,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Pinnacle West Capital
  Corp.</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>76,035,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>1,375,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Progress Energy Inc.</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>67,485,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>1,000,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Puget Energy, Inc.</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>25,360,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>393,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>RWE AG (Germany)</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>43,251,450</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>600,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>SCANA Corp.</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>24,372,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>1,000,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Scottish &amp; Southern
  Energy ADR</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>30,413,900</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>850,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Scottish &amp; Southern
  Energy PLC (United Kingdom)</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>25,851,996</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>1,587,301</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Scottish Power PLC (United
  Kingdom)</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>23,237,266</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>2,000,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Southern Co.</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>73,720,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>1,625,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Teco Energy Inc.</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>27,998,750</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>1,500,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Vectren Corp.</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>42,420,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>1,000,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>WGL Holdings Inc.</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>32,580,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>581,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>WPS Resources Corp.</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>31,391,430</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
</TABLE>

<P ALIGN=CENTER><FONT SIZE=2>The accompanying notes are an integral part of these financial
statements.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>6</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4><P ALIGN=LEFT STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<P ALIGN=CENTER><FONT SIZE=2><B>DNP SELECT INCOME FUND INC.<BR>
SCHEDULE OF INVESTMENTS&#151;(Continued)<BR>
December 31, 2006</B></FONT></P>

<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
<TR style="font-size:1px">
<TD WIDTH="12%" VALIGN=TOP>
<P ALIGN=RIGHT>&nbsp;</P>
</TD>
<TD WIDTH="3%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="65%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="3%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="1%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="15%" VALIGN=BOTTOM>
<P ALIGN=RIGHT>&nbsp;</P>
</TD>
<TD WIDTH="1%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1><B>Shares</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1><B>Description</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD COLSPAN="2" VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1><B>Value<BR>
  (Note 1)</B></FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="12%" NOSHADE COLOR=BLACK ALIGN=LEFT>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD COLSPAN="2" VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>1,000,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Westar Energy Inc.</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>$</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>25,960,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>3,499,304</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Xcel Energy Inc.</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>80,693,950</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>1,629,442,495</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2> <FONT FACE=WINGDINGS><B>n</B></FONT><B> TELECOMMUNICATION&#151;15.2%</B></FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>2,095,230</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>AT&amp;T Inc.</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>74,904,473</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>1,464,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>BCE Inc.</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>39,528,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>565,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>BT Group PLC ADR</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>33,837,850</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>1,377,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Chunghwa Telecom Co. Ltd.
  ADR</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>27,168,210</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>2,500,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Citizens Communications
  Co.</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>35,925,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>4,855,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>TeliaSonera AB (Sweden)</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>39,908,483</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>1,119,492</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Verizon Communications
  Inc.</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>41,689,882</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>621,640</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Vodafone Group PLC ADR</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>17,269,159</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>2,428,360</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Windstream Corp.</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>34,531,279</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>344,762,336</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2><B> </B><FONT FACE=WINGDINGS><B>n</B></FONT><B>&nbsp;NON-UTILITY&#151;11.3%</B></FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>82,632</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>AMB Property Corp.</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>4,843,062</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>76,015</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Alexandria Real Estate
  Equities Inc.</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>7,631,906</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>40,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Apartment Investment and
  Management Co.</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>2,240,800</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>192,850</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Archstone Smith Trust</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>11,225,799</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>66,221</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>AvalonBay Communities Inc.</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>8,612,041</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>81,595</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Boston Properties Inc.</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>9,128,849</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>47,978</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Camden Property Trust</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>3,543,175</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>182,500</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Corporate Office
  Properties Trust</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>9,210,775</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>89,768</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>DCT Industrial Trust Inc.</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>1,059,262</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>149,112</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Developers Diversified
  Realty Corp.</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>9,386,600</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>55,223</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Diamondrock Hospitality
  Co.</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>994,566</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>161,313</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Digital Realty Trust Inc.</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>5,521,744</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>28,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Douglas Emmett Inc.</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>744,520</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>90,800</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Duke Realty Corp.</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>3,713,720</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>221,450</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Equity Office Properties
  Trust</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>10,667,246</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>221,269</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Equity Residential</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>11,229,402</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>55,104</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Essex Property Trust Inc.</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>7,122,192</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>177,607</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Extra Space Storage Inc.</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>3,243,104</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
</TABLE>

<P ALIGN=CENTER><FONT SIZE=2>The accompanying notes are an integral part of these financial
statements.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>7</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4><P ALIGN=LEFT STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<P ALIGN=CENTER><FONT SIZE=2><B>DNP SELECT INCOME FUND INC.<BR>
SCHEDULE OF INVESTMENTS&#151;(Continued)<BR>
December 31, 2006</B></FONT></P>

<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
<TR style="font-size:1px">
<TD WIDTH="12%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="3%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="65%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="3%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="1%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="15%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="1%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1><B>Shares</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1><B>Description</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD COLSPAN="2" VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1><B>Value<BR>
  (Note 1)</B></FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="12%" NOSHADE COLOR=BLACK ALIGN=LEFT>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD COLSPAN="2" VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>15,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Federal Realty Investment
  Trust</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>$</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>1,275,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>162,118</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>General Growth Properties
  Inc.</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>8,467,423</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>206,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Health Care Property
  Investors Inc.</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>7,584,920</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>44,159</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Hospitality Properties
  Trust</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>2,098,877</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>425,785</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Host Hotels &amp; Resorts
  Inc.</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>10,453,022</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>42,859</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Kilroy Realty Corp.</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>3,343,002</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>218,085</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Kimco Realty Corp.</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>9,802,921</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>63,229</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>LaSalle Hotel Properties</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>2,899,050</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>103,444</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>The Macerich Co.</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>8,955,147</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>229,630</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>ProLogis</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>13,954,615</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>124,335</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Public Storage Inc.</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>12,122,662</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>83,035</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Regency Centers Corp.</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>6,490,846</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>65,784</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>SL Green Realty Corp.</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>8,734,800</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>190,020</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Simon Property Group Inc.</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>19,247,126</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>128,857</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Sunstone Hotel Investors
  Inc.</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>3,444,348</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>184,367</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>United Dominion Realty
  Trust Inc.</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>5,861,027</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>173,891</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Ventas Inc.</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>7,359,067</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>105,381</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Vornado Realty Trust</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>12,803,791</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>255,016,407</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Total Common Stocks
  (Cost&#151;$1,628,807,938)</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>2,229,221,238</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
</TABLE>

<P ALIGN=CENTER><FONT SIZE=2>The accompanying notes are an integral part of these financial
statements.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>8</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4><P ALIGN=LEFT STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<P ALIGN=CENTER><FONT SIZE=2><B>DNP SELECT INCOME FUND INC.<BR>
SCHEDULE OF INVESTMENTS&#151;(Continued)<BR>
December 31, 2006</B></FONT></P>

<P><FONT SIZE=2><B>PREFERRED STOCKS&#151;9.5%</B></FONT></P>

<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
<TR style="font-size:1px">
<TD WIDTH="12%" VALIGN=TOP>
<P ALIGN=RIGHT>&nbsp;</P>
</TD>
<TD WIDTH="3%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="65%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="3%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="1%" VALIGN=BOTTOM>
<P ALIGN=RIGHT>&nbsp;</P>
</TD>
<TD WIDTH="15%" VALIGN=BOTTOM>
<P ALIGN=RIGHT>&nbsp;</P>
</TD>
<TD WIDTH="1%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1><B>Shares</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1><B>Description</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD COLSPAN="2" VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1><B>Value<BR>
  (Note 1)</B></FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="12%" NOSHADE COLOR=BLACK ALIGN=LEFT>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD COLSPAN="2" VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2 FACE=WINGDINGS><B>n</B></FONT> <FONT SIZE=2><B> UTILITY&#151;4.2%</B></FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>700,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Entergy Corp. 7 5/8% due
  2/17/09</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>$</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>41,636,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>1,200,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Great Plains Energy Inc.
  8% due 2/16/07</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>30,120,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>220,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Southern California Edison
  6 1/8% Perpetual</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>22,440,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>94,196,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2> <FONT FACE=WINGDINGS><B>n</B></FONT><B> NON-UTILITY&#151;5.3%</B></FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>710,432</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>AMB Property Corp. 7%
  Series O Perpetual</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>18,428,606</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>17,300</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>AvalonBay Communities Inc.
  8.70% Series H Perpetual</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>464,851</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>650,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Duke Realty Corp. 6.95%
  Series M Perpetual</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>16,887,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>300,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Federal National Mortgage
  Association 7% Perpetual</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>16,068,750</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>400,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>New Plan Excel Realty
  Trust 7 5/8% Series E Perpetual</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>10,400,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>900,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Public Storage Inc. 7 1/4%
  Series I Perpetual</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>23,445,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>600,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Realty Income Corp. 7 3/8%
  Series D Perpetual</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>15,600,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>200,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Vornado Realty Trust 7%
  Series E Perpetual</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>5,168,760</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>234,900</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Vornado Realty Trust 6
  5/8% Series G Perpetual</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>5,837,265</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>350,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Vornado Realty Trust 6
  5/8% Series I Perpetual</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>8,718,500</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>121,018,732</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Total Preferred Stocks
  (Cost&#151;$204,960,693)</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>215,214,732</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
</TABLE>

<P><FONT SIZE=2><B>BONDS&#151;40.9%</B></FONT></P>

<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
<TR style="font-size:1px">
<TD WIDTH="2%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="13%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="2%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="36%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="2%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="9%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="2%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="9%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="2%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="1%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="12%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="1%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD COLSPAN="3" VALIGN=TOP>
<P ALIGN=CENTER><FONT SIZE=1><B>Ratings*</B></FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD COLSPAN="3" VALIGN=TOP>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD COLSPAN="2" VALIGN=BOTTOM>
<P><FONT SIZE=1><B>Par Value</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1><B>Description</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1><B>Moody&#146;s</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1><B>Standard<BR>
  and<BR>
  Poor&#146;s</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD COLSPAN="2" VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1><B>Value<BR>
  (Note 1)</B></FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD COLSPAN="2" VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="24%" NOSHADE COLOR=BLACK ALIGN=LEFT>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD COLSPAN="2" VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2 FACE=WINGDINGS><B>n</B></FONT> <FONT SIZE=2><B> ELECTRIC AND GAS&#151;12.6%</B></FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>$</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>10,000,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>AGL Capital Corp.<BR>
  7<SUP>1</SUP>/<SUB>8</SUB>%, due 1/14/11</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>Baa1</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>BBB+</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>$</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>10,554,310</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>22,000,000
  </FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Arizona Public Service
  Company<BR>
  6<SUP>7</SUP>/<SUB>8</SUB>%, due 8/01/36</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Baa2</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>BBB&#150;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>23,286,780</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>19,450,000
  </FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>ComEd Financing II<BR>
  8<SUP>1</SUP>/<SUB>2</SUB>%, due 1/15/27</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>Ba1</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>BB</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>19,844,971</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
</TABLE>

<P ALIGN=CENTER><FONT SIZE=2>The accompanying notes are an integral part of these financial
statements.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>9</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4><P ALIGN=LEFT STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>


<P ALIGN=CENTER><FONT SIZE=2><B>DNP SELECT INCOME FUND INC.<BR>
SCHEDULE OF INVESTMENTS&#151;(Continued)<BR>
December 31, 2006</B></FONT></P>

<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
<TR style="font-size:1px">
<TD WIDTH="1%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="13%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="2%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="36%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="2%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="9%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="2%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="9%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="2%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="1%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="14%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="1%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD COLSPAN="3" VALIGN=TOP>
<P ALIGN=CENTER><FONT SIZE=1><B>Ratings*</B></FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD COLSPAN="3" VALIGN=TOP>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD COLSPAN="2" VALIGN=BOTTOM>
<P><FONT SIZE=1><B>Par Value</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1><B>Description</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P align=center><FONT SIZE=1><B>Moody&#146;s</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1><B>Standard<BR>
  and<BR>
  Poor&#146;s</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD COLSPAN="2" VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1><B>Value<BR>
  (Note 1)</B></FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD COLSPAN="2" VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="30%" NOSHADE COLOR=BLACK ALIGN=LEFT>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>$</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>9,304,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Commonwealth Edison Co.<BR>
  8%, due 5/15/08</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Baa1</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>A&#150;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>$</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>9,591,857</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>24,000,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Dominion Resources Capital
  Trust I<BR>
  7.83%, due 12/01/27</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>Baa3</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>BB+</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>25,017,696</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>20,000,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Duke Energy Corp., Series
  D<BR>
  7<SUP>3</SUP>/<SUB>8</SUB>%, due 3/01/10</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>A3</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>BBB</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>21,201,900</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>5,000,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Entergy Corp.<BR>
  6.30%, due 9/01/35</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>Baa1</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>A&#150;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>4,938,090</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>24,340,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Illinois Power Co.<BR>
  7<SUP>1</SUP>/<SUB>2</SUB>%, due 6/15/09</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Baa2</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>BBB&#150;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>25,316,399</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>17,000,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Keyspan Corp.<BR>
  7<SUP>5</SUP>/<SUB>8</SUB>%, due 11/15/10</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>A3</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>A</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>18,283,041</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>15,825,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Niagara Mohawk Power Corp.<BR>
  8<SUP>7</SUP>/<SUB>8</SUB>%, due 5/15/07</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Baa1</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>A&#150;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>16,009,472</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>10,000,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Northern Border Partners
  LP<BR>
  8<SUP>7</SUP>/<SUB>8</SUB>%, due 6/15/10</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>Baa2</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>BBB</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>10,970,270</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>5,000,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>NSTAR<BR>
  8%, due 2/15/10</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>A2</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>A</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>5,377,805</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>9,000,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>PSEG Power LLC<BR>
  8<SUP>5</SUP>/<SUB>8</SUB>%, due 4/15/31</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>Baa1</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>BBB</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>11,529,432</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>7,043,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Progress Energy Inc.<BR>
  7.10%, due 3/01/11</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Baa2</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>BBB&#150;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>7,507,197</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>22,750,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Puget Capital Trust<BR>
  8.231%, due 6/01/27</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>Bal</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>BB</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>22,094,595</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>12,915,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Sempra Energy<BR>
  7.95%, due 3/01/10</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Baa1</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>BBB+</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>13,865,531</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>13,000,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Southern Co. Capital Trust
  II<BR>
  8.14%, due 2/15/27</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>Baa1</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>BBB+</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>13,568,178</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>6,488,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Southern Union Co.<BR>
  7.60%, due 2/01/24</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Baa3</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>BBB&#150;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>6,746,657</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>8,850,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Southern Union Co.<BR>
  8<SUP>1</SUP>/<SUB>4</SUB>%, due 11/15/29</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>Baa3</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>BBB&#150;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>9,840,412</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
</TABLE>

<P ALIGN=CENTER><FONT SIZE=2>The
accompanying notes are an integral part of these financial statements.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>10</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4><P ALIGN=LEFT STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<P ALIGN=CENTER><FONT SIZE=2><B>DNP SELECT INCOME FUND INC.<BR>
SCHEDULE OF INVESTMENTS&#151;(Continued)<BR>
December 31, 2006</B></FONT></P>

<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
<TR style="font-size:1px">
<TD WIDTH="1%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="13%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="2%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="36%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="2%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="9%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="2%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="9%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="2%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="1%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="14%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="1%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD COLSPAN="3" VALIGN=TOP>
<P ALIGN=CENTER><FONT SIZE=1><B>Ratings*</B></FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD COLSPAN="3" VALIGN=TOP>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD COLSPAN="2" VALIGN=BOTTOM>
<P><FONT SIZE=1><B>Par Value</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1><B>Description</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P align=center><FONT SIZE=1><B>Moody&#146;s</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1><B>Standard<BR>
  and<BR>
  Poor&#146;s</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD COLSPAN="2" VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1><B>Value<BR>
  (Note 1)</B></FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD COLSPAN="2" VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="30%" NOSHADE COLOR=BLACK ALIGN=LEFT>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>$</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>10,000,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>TE Products Pipeline Co.<BR>
  7.51%, due 1/15/28</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Baa3</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>BBB&#150;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>$</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>10,400,260</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>285,944,853</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2 FACE=WINGDINGS>n</FONT> <FONT SIZE=2><B>TELECOMMUNICATION&#151;16.7%</B></FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>17,200,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>AT&amp;T Wireless Services
  Inc.<BR>
  7<SUP>1</SUP>/<SUB>2</SUB>%, due 5/01/07</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>A2</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>A</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>17,305,539</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>11,500,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Alltel Corp.<BR>
  7<SUP>7</SUP>/<SUB>8</SUB>%, due 7/01/32</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>A2</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>A&#150;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>12,067,732</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>15,098,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>BellSouth Capital Funding
  Corp.<BR>
  7<SUP>3</SUP>/<SUB>4</SUB>%, due 2/15/10</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>A2</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>A</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>16,106,577</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>10,000,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>BellSouth Capital Funding
  Corp.<BR>
  7<SUP>7</SUP>/<SUB>8</SUB>%, due 2/15/30</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>A2</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>A</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>11,645,270</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>22,000,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>British Telecom PLC<BR>
  8<SUP>3</SUP>/<SUB>8</SUB>%, due 12/15/10</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>Baa1</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>BBB+</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>24,572,900</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>15,000,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Centurytel Inc.<BR>
  8<SUP>3</SUP>/<SUB>8</SUB>%, due 10/15/10</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Baa2</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>BBB</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>16,302,570</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>15,000,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Centurytel Inc.<BR>
  6<SUP>7</SUP>/<SUB>8</SUB>%, due 1/15/28</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>Baa2</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>BBB</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>14,538,465</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>5,645,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Comcast Cable
  Communications Inc.<BR>
  8<SUP>3</SUP>/<SUB>8</SUB>%, due 5/01/07</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Baa2</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>BBB+</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>5,697,685</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>13,900,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Comcast Corp.<BR>
  7.05%, due 3/15/33</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>Baa2</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>BBB+</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>14,909,154</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>13,000,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Deutsche Telekom Int&#146;l
  Finance B.V.<BR>
  8%, due 6/15/10</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>A3</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>A&#150;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>14,087,437</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>10,000,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>France Telecom SA<BR>
  7<SUP>3</SUP>/<SUB>4</SUB>%, due 3/01/11</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>A3</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>A&#150;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>10,902,440</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>17,625,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>GTE Corp.<BR>
  7.90%, due 2/01/27</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Baa1</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>A</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>18,342,796</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>17,000,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Koninklijke KPN NV<BR>
  8%, due 10/01/10</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>Baa2</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>BBB+</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>18,357,569</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
</TABLE>

<P ALIGN=CENTER><FONT SIZE=2>The
accompanying notes are an integral part of these financial statements.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>11</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4><P ALIGN=LEFT STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<P ALIGN=CENTER><FONT SIZE=2><B>DNP SELECT INCOME FUND INC.<BR>
SCHEDULE OF INVESTMENTS&#151;(Continued)<BR>
December 31, 2006</B></FONT></P>

<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
<TR style="font-size:1px">
<TD WIDTH="1%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="13%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="2%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="36%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="2%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="9%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="2%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="9%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="2%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="1%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="14%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="1%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD COLSPAN="3" VALIGN=TOP>
<P ALIGN=CENTER><FONT SIZE=1><B>Ratings*</B></FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD COLSPAN="3" VALIGN=TOP>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD COLSPAN="2" VALIGN=BOTTOM>
<P><FONT SIZE=1><B>Par Value</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1><B>Description</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P align=center><FONT SIZE=1><B>Moody&#146;s</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1><B>Standard<BR>
  and<BR>
  Poor&#146;s</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD COLSPAN="2" VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1><B>Value<BR>
  (Note 1)</B></FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD COLSPAN="2" VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="30%" NOSHADE COLOR=BLACK ALIGN=LEFT>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>$</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>15,000,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Koninklijke KPN NV<BR>
  8<SUP>3</SUP>/<SUB>8</SUB>%, due 10/01/30</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Baa2</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>BBB+</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>$</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>17,233,935</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>24,104,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Nextel Communications
  Corp.<BR>
  7<SUP>3</SUP>/<SUB>8</SUB>%, due 8/01/15</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>Baa3</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>BBB+</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>24,740,611</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>10,000,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Sprint Capital Corp.<BR>
  8<SUP>3</SUP>/<SUB>8</SUB>%, due 3/15/12</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Baa3</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>BBB+</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>11,125,630</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>10,000,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>TCI Communications Inc.<BR>
  8<SUP>3</SUP>/<SUB>4</SUB>%, due 8/01/15</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>Baa2</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>BBB+</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>11,846,300</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>32,000,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Telecom Italia Capital<BR>
  7.20%, due 7/18/36</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Baa2</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>BBB+</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>33,535,712</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>15,000,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Telefonica Emisiones SAU<BR>
  7.045%, due 6/20/36</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>Baa1</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>BBB+</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>15,983,640</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>11,500,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Telefonica Europe BV<BR>
  7<SUP>3</SUP>/<SUB>4</SUB>%, due 9/15/10</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Baa1</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>BBB+</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>12,361,430</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>5,000,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Telefonica Europe BV<BR>
  8<SUP>1</SUP>/<SUB>4</SUB>%, due 9/15/30</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>Baa1</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>BBB+</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>5,974,030</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>10,000,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Telus Corp.<BR>
  7<SUP>1</SUP>/<SUB>2</SUB>%, due 6/01/07</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Baa2</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>BBB+</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>10,075,020</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>10,500,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Verizon Global Funding
  Corp.<BR>
  7<SUP>3</SUP>/<SUB>4</SUB>%, due 12/01/30</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>A3</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>A</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>12,352,557</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>20,000,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Vodafone Group PLC<BR>
  7<SUP>3</SUP>/<SUB>4</SUB>%, due 2/15/10</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>A3</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>A&#150;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>21,328,380</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>5,000,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Vodafone Group PLC<BR>
  7<SUP>7</SUP>/<SUB>8</SUB>%, due 2/15/30</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>A3</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>A&#150;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>5,883,100</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>377,276,479</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2 FACE=WINGDINGS>n</FONT> <FONT SIZE=2><B> NON-UTILITY&#151;11.6%</B></FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>#</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>30,000,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Bank of America, NA<BR>
  5.36%, due 6/13/07</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Aa1</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>AA</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>30,011,310</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>8,000,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Dayton Hudson Corp.<BR>
  9<SUP>7</SUP>/<SUB>8</SUB>%, due 7/01/20</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>A1</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>A+</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>11,231,712</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>9,600,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Duke Realty LP<BR>
  6.80%, due 2/12/09</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Baa1</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>BBB+</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>9,837,984</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
</TABLE>

<P ALIGN=CENTER><FONT SIZE=2>The
accompanying notes are an integral part of these financial statements.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>12</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4><P ALIGN=LEFT STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<P ALIGN=CENTER><FONT SIZE=2><B>DNP SELECT INCOME FUND INC.<BR>
SCHEDULE OF INVESTMENTS&#151;(Continued)<BR>
December 31, 2006</B></FONT></P>

<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
<TR style="font-size:1px">
<TD WIDTH="1%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="13%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="2%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="36%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="2%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="9%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="2%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="9%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="2%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="1%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="14%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="1%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD COLSPAN="3" VALIGN=TOP>
<P ALIGN=CENTER><FONT SIZE=1><B>Ratings*</B></FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD COLSPAN="3" VALIGN=TOP>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD COLSPAN="2" VALIGN=BOTTOM>
<P><FONT SIZE=1><B>Par Value</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1><B>Description</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P align=center><FONT SIZE=1><B>Moody&#146;s</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1><B>Standard<BR>
  and<BR>
  Poor&#146;s</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD COLSPAN="2" VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1><B>Value<BR>
  (Note 1)</B></FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD COLSPAN="2" VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="30%" NOSHADE COLOR=BLACK ALIGN=LEFT>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>$</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>10,000,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>EOP Operating LP<BR>
  7<SUP>3</SUP>/<SUB>4</SUB>%, due 11/15/07</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Baa2</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>BBB</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>$</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>10,208,300</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>100,000,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Federal National Mortgage
  Association<BR>
  7<SUP>1</SUP>/<SUB>2</SUB>%, due 7/18/08</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>Aaa</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>AAA</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>100,095,400</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>#</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>25,000,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Premier Asset
  Collateralized Entity LLC<BR>
  5.33%, due 4/25/07</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Aaa</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>AAA</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>25,005,600</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>#</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>22,000,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Sedna Finance Inc.<BR>
  5.33%, due 10/26/07</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>NR</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>NR</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>22,003,476</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>#</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>30,000,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Sigma Finance Inc.<BR>
  5.37%, due 2/26/07</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Aaa</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>AAA</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>30,000,826</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>#</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>25,000,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Stanfield Victoria Funding
  LLC<BR>
  5.33%, due 1/25/07</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>Aaa</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>AAA</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>24,999,675</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>263,394,283</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Total Bonds (Cost&#151;$920,586,981)</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>926,615,615</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
</TABLE>

<P ALIGN=CENTER><FONT SIZE=2>The
accompanying notes are an integral part of these financial statements.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>13</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4><P ALIGN=LEFT STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>


<P ALIGN=CENTER><FONT SIZE=2><B>DNP SELECT INCOME FUND INC. <BR>
SCHEDULE OF INVESTMENTS&#151;(Continued) <BR>
December 31, 2006</B></FONT></P>

<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
<TR style="font-size:1px">
<TD WIDTH=1%  VALIGN=TOP>
<P ALIGN=RIGHT>&nbsp;</P>
</TD>
<TD WIDTH=1%  VALIGN=TOP>
<P ALIGN=RIGHT>&nbsp;</P>
</TD>
<TD WIDTH=10%  VALIGN=TOP>
<P ALIGN=RIGHT>&nbsp;</P>
</TD>
<TD WIDTH=3%  VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH=70%  VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH=3%  VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH=1%  VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH=10%  VALIGN=BOTTOM>
<P ALIGN=RIGHT>&nbsp;</P>
</TD>
<TD WIDTH=1% VALIGN=TOP>
<P ALIGN=RIGHT>&nbsp;</P>
</TD>
</TR>
<TR>
<TD COLSPAN="3" VALIGN=BOTTOM>
<P><FONT SIZE=1><B>Par Value/<BR>
  Shares</B></FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1><B>Description</B></FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD COLSPAN="2" VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1><B>Value<BR>
  (Note 1)</B></FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD COLSPAN="3" VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=center>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="11%" NOSHADE COLOR=BLACK ALIGN=LEFT>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD COLSPAN="2" VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD COLSPAN="5" VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2><B>SHORT-TERM
  INSTRUMENTS&#151;35.5%</B></FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>#</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>$</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>1,797,799</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>AIM STIC Liquid Assets
  Portfolio</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>$</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>1,797,799</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>#</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>49,000,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Banc of America Securities
  LLC Repurchase Agreement, 5.353%, dated 12/29/06, due 1/02/07, with a
  repurchase price of $49,029,144 and collateralized by $49,980,001 market
  value of corporate bonds having an average coupon rate of 6.38% and an
  original weighted average maturity of 03/24/11</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>49,000,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>#</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>115,000,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>BNP Paribas Securities
  Repurchase Agreement, 5.363%, dated 12/29/06, due 1/02/07, with a repurchase
  price of $115,068,527 and collateralized by $117,300,000 market value of
  corporate bonds having an average coupon rate of 5.51% and an original
  weighted average maturity of 10/30/13</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>115,000,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>#</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>50,000,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Citigroup Global Markets
  Inc. Master Note 5.383%, due 1/02/07</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>50,000,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>

<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>#</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>125,000,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Credit Suisse First Boston
  LLC Repurchase Agreement, 5.363%, dated 12/29/06, due 1/02/07, with a
  repurchase price of $125,074,486 and collateralized by $127,502,974 market
  value of asset-backed securities (ABS) and corporate bonds having an average
  coupon rate of 7.38% and an original weighted average maturity of 8/09/32</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>125,000,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>#</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>50,000,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Dresdner Kleinwort
  Wasserstein Securities LLC Repurchase Agreement, 5.363%, dated 12/29/06, due
  1/02/07, with a repurchase price of $50,029,794 and collateralized by
  $51,001,195 market value of corporate bonds having an average coupon rate of
  5.93% and an original weighted average maturity of 8/23/28</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>50,000,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>#</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>113,000,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Goldman Sachs &amp; Co.
  Repurchase Agreement, 5.383%, dated 12/29/06, due 1/02/07, with a repurchase
  price of $113,067,587 and collateralized by $115,260,001 market value of ABS
  and collateralized mortgage obligations (CMOs) having an average coupon rate
  of 5.77% and an original weighted average maturity of 9/21/36</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>113,000,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
</TABLE>

<P ALIGN=CENTER><FONT SIZE=2>The accompanying notes are an integral part of these financial
statements.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>14</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4><P ALIGN=LEFT STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<P ALIGN=CENTER><FONT SIZE=2><B>DNP SELECT INCOME FUND INC. <BR>
SCHEDULE OF INVESTMENTS&#151;(Continued) <BR>
December 31, 2006</B></FONT></P>

<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">

<TR style="font-size:1px">
<TD WIDTH=1%  VALIGN=TOP>
<P ALIGN=RIGHT>&nbsp;</P>
</TD>
<TD WIDTH=1%  VALIGN=TOP>
<P ALIGN=RIGHT>&nbsp;</P>
</TD>
<TD WIDTH=10%  VALIGN=TOP>
<P ALIGN=RIGHT>&nbsp;</P>
</TD>
<TD WIDTH=3%  VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH=70%  VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH=3%  VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH=1%  VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH=10%  VALIGN=BOTTOM>
<P ALIGN=RIGHT>&nbsp;</P>
</TD>
<TD WIDTH=1% VALIGN=TOP>
<P ALIGN=RIGHT>&nbsp;</P>
</TD>
</TR>
<TR>
<TD COLSPAN="3" VALIGN=TOP>
<P><FONT SIZE=1><B>Par Value/<BR>
  Shares</B></FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1><B>Description</B></FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD COLSPAN="2" VALIGN=TOP>
<P ALIGN=CENTER><FONT SIZE=1><B>Value<BR>
  (Note 1)</B></FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD COLSPAN="3" VALIGN=TOP>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="11%" NOSHADE COLOR=BLACK ALIGN=LEFT>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD COLSPAN="2" VALIGN=TOP>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD COLSPAN="3" VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD COLSPAN="2" VALIGN=TOP>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>#</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>50,000,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Greenwich Capital Markets
  Inc. Repurchase Agreement, 5.393%, dated 12/29/06, due 1/02/07, with a
  repurchase price of $50,029,961 and collateralized by $51,002,133 market
  value of ABS and CMOs having an average coupon rate of 6.42% and an original
  weighted average maturity of 6/15/36</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>$</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>50,000,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>#</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>100,000,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Lehman Brothers Inc.
  Repurchase Agreement, 5.363%, dated 12/29/06, due 1/02/07, with a repurchase
  price of $100,059,589 and collateralized by $102,004,486 market value of CMOs
  and corporate bonds having an average coupon rate of 5.29% and an original
  weighted average maturity of 10/20/26</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>100,000,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>#</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>100,000,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Merrill Lynch Mortgage
  Capital Inc. Master Note 5.438%, due 1/02/07</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>100,000,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>#</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=2>50,000,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Nomura Securities
  International Inc. Repurchase Agreement, 5.363%, dated 12/29/06, due 1/02/07,
  with a repurchase price of $50,029,794 and collateralized by $51,000,001
  market value of ABS and CMOs having an average coupon rate of 5.96% and an
  original weighted average maturity of 2/19/38</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>50,000,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=TOP>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>Total Short-Term
  Instruments (Amortized Cost&#151;$803,797,799)</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>803,797,799</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=TOP>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2><B>TOTAL
  INVESTMENTS&#151;184.4%</B>
  (Cost&#151;$3,558,153,411)</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>4,174,849,384</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=TOP>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2><B>OTHER
  ASSETS LESS LIABILITIES&#151;(62.3%)</B></FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>(1,410,647,174</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>)</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=TOP>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2><B>AUCTION
  PREFERRED STOCK&#151;(22.1%)</B></FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>(500,000,000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>)</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=TOP>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2><B>NET
  ASSETS APPLICABLE TO COMMON STOCK&#151;100.0%</B></FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>.</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>$</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>2,264,202,210</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=TOP>
<HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
</TABLE>

<BR>

<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
<TR style="font-size:1px">
<TD WIDTH="5%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="95%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=2>*</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Bond ratings are not
  covered by the report of the independent registered public accounting firm.</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=2>#</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>This security was
  purchased with the cash proceeds from securities loaned.</FONT></P>
</TD>
</TR>
</TABLE>

<P><FONT SIZE=2>The percentage shown for
each investment category is the total value of that category as a percentage of
the net assets applicable to common stock of the Fund.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>The accompanying notes are an integral part of these financial
statements.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>15</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4><P ALIGN=LEFT STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<P ALIGN=CENTER STYLE='MARGIN-RIGHT:112.5PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2 ><B>DNP SELECT
INCOME FUND INC. <BR>
STATEMENT OF ASSETS AND LIABILITIES<BR>
December 31, 2006</B></FONT></P>

<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH=100%>
<TR style="font-size:1px">
<TD WIDTH="78%" VALIGN=BOTTOM>
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'>&nbsp;</P>
</TD>
<TD WIDTH="3%" VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'>&nbsp;</P>
</TD>
<TD WIDTH="1%" VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'>&nbsp;</P>
</TD>
<TD WIDTH="15%" VALIGN=BOTTOM>
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'>&nbsp;</P>
</TD>
<TD WIDTH="1%" VALIGN=TOP>
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'>&nbsp;</P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2
><B>ASSETS:</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2   >Investments
  at value (cost $3,558,153,411) including $652,000,000 of repurchase
  agreements and $899,741,272 of securities loaned</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2 >$</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2 >4,174,849,384</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2
>Cash</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2 >23,407,883</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2
>Receivables:</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif"
SIZE=2 >Interest</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2 >17,401,224</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif"
SIZE=2 >Dividends</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2 >7,172,763</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif"
SIZE=2 >Securities lending income</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2 >132,971</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2   >Prepaid
  expenses</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2 >102,754</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif"
SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE  ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE  ALIGN=CENTER>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif"
SIZE=2 >Total Assets</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2 >$</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2 >4,223,066,979</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif"
SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=3 WIDTH="100%" NOSHADE  ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=3 WIDTH="100%" NOSHADE  ALIGN=CENTER>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2
><B>LIABILITIES:</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2   >Due
  to Adviser (Note 2)</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2 >4,402,986</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2   >Due
  to Administrator (Note 2)</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2 >1,069,638</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2   >Dividends
  payable on common stock</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2 >14,723,938</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2   >Interest
  payable on remarketed preferred stock</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2 >1,751,822</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2   >Dividends
  payable on auction preferred stock</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2 >353,667</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2   >Payable
  for securities lending broker rebates</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2 >1,975,888</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2   >Accrued
  expenses</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2 >769,918</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2   >Payable
  upon return of securities on loan</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2 >933,816,912</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2   >Remarketed
  preferred stock (5,000 shares issued and outstanding; liquidation preference
  $100,000 per share) (Note 5)</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2 >500,000,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif"
SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE  ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE  ALIGN=CENTER>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif"
SIZE=2 >Total Liabilities</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2 >1,458,864,769</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif"
SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE  ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE  ALIGN=CENTER>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2   >Auction
  preferred stock (20,000 shares issued and outstanding; liquidation preference
  $25,000 per share) (Note 5)</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2 >500,000,000</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif"
SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE  ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE  ALIGN=CENTER>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2   ><B>NET
ASSETS APPLICABLE TO COMMON STOCK</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2 >$</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2 >2,264,202,210</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif"
SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=3 WIDTH="100%" NOSHADE  ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=3 WIDTH="100%" NOSHADE  ALIGN=CENTER>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2
><B>CAPITAL:</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2   >Common
  stock ($.001 par value; 250,000,000 shares authorized and 226,522,117shares
  issued and outstanding) (Note 4)</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2 >$</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2 >226,522</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2   >Paid-in
  surplus</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2 >1,818,058,146</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2   >Accumulated
  net realized loss on investments</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2 >(147,381,262</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT Face="Times New Roman, Times, Serif" SIZE=2>)</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2
>Distributions
  in excess of net investment income</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2 >(23,398,395</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P><FONT Face="Times New Roman, Times, Serif" SIZE=2>)</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2   >Net
  unrealized appreciation (depreciation) on investments and foreign currency
  translation</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2 >616,697,199</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif"
SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE  ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE  ALIGN=CENTER>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2   >Net
  assets applicable to common stock (equivalent to $10.00 per share based on
  226,522,117 shares outstanding)</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2 >$</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2 >2,264,202,210</FONT></P>
</TD>
<TD VALIGN=TOP BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif"
SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=3 WIDTH="100%" NOSHADE  ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=3 WIDTH="100%" NOSHADE  ALIGN=CENTER>
</TD>
<TD VALIGN=TOP>
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
</TABLE>

<P ALIGN=CENTER STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2 >The accompanying notes are an integral
part of these financial
statements.</FONT></P>

<P ALIGN=CENTER><FONT Face="Times New Roman, Times, Serif" SIZE=2 >16</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4><P ALIGN=LEFT STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<P ALIGN=CENTER STYLE='MARGIN-LEFT:1.2PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2 ><B>DNP SELECT INCOME
FUND INC.<BR>
STATEMENT OF OPERATIONS <BR>
For the year ended December 31, 2006</B></FONT></P>

<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH=100%>
<TR style="font-size:1px">
<TD WIDTH="79%" VALIGN=BOTTOM>
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'>&nbsp;</P>
</TD>
<TD WIDTH="3%" VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'>&nbsp;</P>
</TD>
<TD WIDTH="1%" VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'>&nbsp;</P>
</TD>
<TD WIDTH="15%" VALIGN=BOTTOM>
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'>&nbsp;</P>
</TD>
<TD WIDTH="1%" VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'>&nbsp;</P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2
><B>INVESTMENT INCOME:</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif"
SIZE=2 >Interest (less withholding tax of
  $3,229)</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2 >$</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2 >41,532,449</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif"
SIZE=2 >Dividends (less withholding tax of
  $2,305,411)</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2 >107,101,913</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif"
SIZE=2 >Securities lending income, net</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2 >1,687,391</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif"
SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE  ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE  ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif"
SIZE=2 >Total investment income</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2 >150,321,753</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif"
SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2
><B>EXPENSES:</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif"
SIZE=2 >Management fees (Note 2)</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2 >15,976,021</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif"
SIZE=2 >Remarketed preferred stock interest
  expense (Note 5)</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2 >20,270,454</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif"
SIZE=2 >Commercial paper interest expense (Note
  6)</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2 >3,086,715</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif"
SIZE=2 >Administrative fees (Note 2)</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2 >3,945,204</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif"
SIZE=2 >Transfer agent fees</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2 >469,100</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif"
SIZE=2 >Custodian fees</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2 >518,500</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif"
SIZE=2 >Remarketing agent fees&#151;remarketed
  preferred stock</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2 >1,267,360</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif"
SIZE=2 >Broker-dealer commissions&#151;auction
  preferred stock</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2 >831,250</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif"
SIZE=2 >Shareholder reports and postage</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2 >697,000</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif"
SIZE=2 >Professional fees</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2 >291,500</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif"
SIZE=2 >Directors&#146; fees (Note 2)</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2 >493,000</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif"
SIZE=2 >Other expenses</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2 >724,553</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif"
SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE  ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE  ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif"
SIZE=2 >Total expenses</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2 >48,570,657</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif"
SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE  ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE  ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif"
SIZE=2 >Net investment income</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2 >101,751,096</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif"
SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2
><B>REALIZED AND UNREALIZED GAIN:</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2   >Net
  realized gain on investments</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2 >103,781,423</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif"SIZE=2 >Net
  change in unrealized appreciation (depreciation) on investments and foreign
  currency translation</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2 >325,173,704</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif"
SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE  ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE  ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE' ><FONT Face="Times New Roman, Times, Serif"SIZE=2 >Net
  realized and unrealized gain</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif"SIZE=2 >428,955,127</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif"
SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2
><B>DISTRIBUTIONS ON AUCTION PREFERRED STOCK FROM:</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif"
SIZE=2 >Net investment income (Note 5)</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2 >(16,244,083</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2 >)</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif"
SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE  ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE  ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif"
SIZE=2 >Total distributions</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2 >(16,244,083</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2 >)</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif"
SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE  ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE  ALIGN=CENTER>

</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif"
SIZE=2 >Net increase in net assets applicable to
  common stock resulting from operations</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2 >$</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2 >514,462,140</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT;TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif"
SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=3 WIDTH="100%" NOSHADE  ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=3 WIDTH="100%" NOSHADE  ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P STYLE='   TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
</TABLE>

<P ALIGN=CENTER STYLE='TEXT-AUTOSPACE:NONE'><FONT Face="Times New Roman, Times, Serif" SIZE=2 >The accompanying notes are an integral
part of these financial
statements.</FONT></P>

<P ALIGN=CENTER><FONT Face="Times New Roman, Times, Serif" SIZE=2>17</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4><P ALIGN=LEFT STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<P ALIGN=CENTER><FONT SIZE=2><B>DNP SELECT INCOME FUND INC.<BR>
STATEMENTS OF CHANGES IN NET ASSETS</B></FONT></P>

<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
<TR style="font-size:1px" >
<TD WIDTH="67%" VALIGN=BOTTOM>
<P>&nbsp;</P>
</TD>
<TD WIDTH="2%" VALIGN=BOTTOM>
<P>&nbsp;</P>
</TD>
<TD WIDTH="1%" VALIGN=BOTTOM>
<P>&nbsp;</P>
</TD>
<TD WIDTH="11%" VALIGN=BOTTOM>
<P>&nbsp;</P>
</TD>
<TD WIDTH="2%" VALIGN=BOTTOM>
<P>&nbsp;</P>
</TD>
<TD WIDTH="1%" VALIGN=BOTTOM>
<P>&nbsp;</P>
</TD>
<TD WIDTH="13%" VALIGN=BOTTOM>
<P>&nbsp;</P>
</TD>
<TD WIDTH="1%" VALIGN=BOTTOM>
<P>&nbsp;</P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD COLSPAN="2" VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1><B>For the
  year<BR>
  ended<BR>
  December 31,<BR>
  2006</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD COLSPAN="2" VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1><B>For the
  year<BR>
  ended<BR>
  December 31,<BR>
  2005</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD COLSPAN="2" VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD COLSPAN="2" VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE="2"><B>FROM OPERATIONS:</B> </FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>Net investment income</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>$</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>101,751,096</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>$</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>88,010,925</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>Net realized gain</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>103,781,423</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>87,747,926</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>Net change in unrealized appreciation
(depreciation) on investments
  and foreign currency translation</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>325,173,704</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>(58,948,531</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>)</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>Distributions on auction preferred stock from net
investment income</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>(16,244,083</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>)</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>&#151;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=RIGHT>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=RIGHT>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=RIGHT>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=RIGHT>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>Net increase in net assets applicable to common
stock resulting from
  operations</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>514,462,140</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>116,810,320</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2><B>DISTRIBUTIONS
  TO COMMON STOCKHOLDERS:</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>From and in excess of net investment income (Note
4)</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>(175,734,577</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>)</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>(167,196,945</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>)</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>Return of capital</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>&#151;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>(7,616,135</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>)</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=RIGHT>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=RIGHT>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=RIGHT>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=RIGHT>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>Total distributions to common
stockholders</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>(175,734,577</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>)</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>(174,813,080</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>)</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2><B>FROM
  CAPITAL STOCK TRANSACTIONS:</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>Shares issued to common stockholders from dividend
reinvestment
  of 2,686,482 shares and 2,504,518 shares, respectively</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>26,927,777</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>26,772,937</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>Offering cost incurred in the sale of 20,000 shares
of auction
  preferred stock</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>(5,660,038</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>)</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=RIGHT>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=RIGHT>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=RIGHT>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=RIGHT>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>Net increase in net assets derived from capital
share transactions</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>21,267,739</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>26,772,937</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=RIGHT>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=RIGHT>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=RIGHT>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=RIGHT>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>Total increase (decrease)</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>359,995,302</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>(31,229,823</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>)</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2><B>TOTAL NET
  ASSETS APPLICABLE TO COMMON STOCK:</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>Beginning of year</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>1,904,206,908</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>1,935,436,731</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=RIGHT>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=RIGHT>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=RIGHT>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=RIGHT>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>End of year (including distributions in excess of
net investment
  income of $23,398,395 and $33,403,581, respectively)</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>$</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>2,264,202,210</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>$</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>1,904,206,908</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=RIGHT>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=RIGHT>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=RIGHT>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=RIGHT>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
</TABLE>

<P ALIGN=CENTER><FONT SIZE=2>The accompanying notes are an integral part of these financial
statements.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>18</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4><P ALIGN=LEFT STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<P ALIGN=CENTER><FONT SIZE=2><B>DNP SELECT INCOME FUND INC.<BR>
STATEMENT OF CASH FLOWS<BR>
For the year ended December 31, 2006</B></FONT></P>

<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
<TR style="font-size:1px" >
<TD WIDTH="65%" VALIGN=BOTTOM>
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'>&nbsp;</P>
</TD>
<TD WIDTH="2%" VALIGN=BOTTOM>
<P>&nbsp;</P>
</TD>
<TD WIDTH="1%" VALIGN=BOTTOM>
<P>&nbsp;</P>
</TD>
<TD WIDTH="14%" VALIGN=BOTTOM>
<P>&nbsp;</P>
</TD>
<TD WIDTH="2%" VALIGN=BOTTOM>
<P>&nbsp;</P>
</TD>
<TD WIDTH="1%" VALIGN=BOTTOM>
<P>&nbsp;</P>
</TD>
<TD WIDTH="12%" VALIGN=BOTTOM>
<P>&nbsp;</P>
</TD>
<TD WIDTH="1%" VALIGN=BOTTOM>
<P>&nbsp;</P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2><B>INCREASE (DECREASE) IN CASH</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>Cash flows provided by (used in) operating activities:</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>Interest received</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>$</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>33,510,388</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>Income dividends received</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>105,194,229</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>Long-term capital gains dividends
received</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>3,198,808</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>Return of capital on investments</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>1,116,820</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>Securities lending income, net</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>1,672,142</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>Expenses paid (excluding interest)</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>(60,084,757</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>)</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>Interest paid on commercial paper</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>(4,496,931</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>)</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>Purchase of investment securities</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>(1,806,619,811</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>)</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>Proceeds from sale/redemption of investment
securities</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>1,586,822,033</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>Amortization of premiums and discounts on debt
securities</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>8,844,590</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=RIGHT>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=RIGHT>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:34.55PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>Net cash used in operating activities</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>(130,842,489</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>)</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>Cash flows provided by (used in) financing activities:</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>Proceeds from sale of 20,000 shares of auction
preferred stock</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>494,339,963</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>Dividends paid</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>(176,679,133</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>)</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>Proceeds from issuance of common stock under
dividend reinvestment
  plan</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>26,927,777</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>Net cash used in commercial paper
issuance</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>(197,255,382</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>)</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=RIGHT>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=RIGHT>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:34.55PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>Net cash provided by financing
activities</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>147,333,225</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=RIGHT>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=RIGHT>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>Net increase in cash and cash equivalents</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>16,490,736</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>Cash and cash equivalents&#151;beginning of year</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>6,917,147</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=RIGHT>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=RIGHT>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>Cash and cash equivalents&#151;end of year</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>$</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>23,407,883</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=RIGHT>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=RIGHT>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>Reconciliation of net increase in net assets resulting from
  operations to net cash used in operating activities:</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>Net increase in net assets resulting from
operations</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>$</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>514,462,140</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>Change in investments</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>(219,797,779</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>)</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>Net realized gain on investments</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>(103,781,423</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>)</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>Net change in unrealized appreciation
(depreciation) on investments</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>(325,173,704</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>)</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>Amortization of premiums and discounts on debt
securities</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>8,844,590</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>Return of capital on investments</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>1,116,820</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>Long-term capital gains dividends
received</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>3,198,808</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>Increase in interest receivable</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>(8,022,061</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>)</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>Increase in dividends receivable</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>(1,907,684</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>)</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>Increase in accrued expenses</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>233,053</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>Increase in other receivable</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>(15,249</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>)</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=RIGHT>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=RIGHT>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:34.55PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>Total adjustments</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>(645,304,629</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>)</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=RIGHT>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=RIGHT>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>Net cash used in operating activities</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>$</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>(130,842,489</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>)</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=RIGHT>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=RIGHT>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
</TABLE>

<P ALIGN=CENTER><FONT SIZE=2>The accompanying notes are an integral part of these financial
statements.</FONT></P>


<P ALIGN=CENTER><FONT SIZE=2>19</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4><P ALIGN=LEFT STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>


<P ALIGN=CENTER><FONT SIZE=2><B>DNP SELECT INCOME FUND INC.</B></FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><B>FINANCIAL HIGHLIGHTS&#151;SELECTED PER SHARE DATA
AND RATIOS</B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
table below provides information about income and capital changes for a share
of common stock outstanding throughout the years indicated:</FONT></P>

<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
<TR style="font-size:1px">
<TD WIDTH="36%" VALIGN=BOTTOM>
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'>&nbsp;</P>
</TD>
<TD WIDTH="3%" VALIGN=BOTTOM>
<P>&nbsp;</P>
</TD>
<TD WIDTH="1%" VALIGN=BOTTOM>
<P>&nbsp;</P>
</TD>
<TD WIDTH="9%" VALIGN=BOTTOM>
<P ALIGN=RIGHT>&nbsp;</P>
</TD>
<TD WIDTH="1%" VALIGN=BOTTOM>
<P>&nbsp;</P>
</TD>
<TD WIDTH="1%" VALIGN=BOTTOM>
<P>&nbsp;</P>
</TD>
<TD WIDTH="9%" VALIGN=BOTTOM>
<P ALIGN=RIGHT>&nbsp;</P>
</TD>
<TD WIDTH="2%" VALIGN=BOTTOM>
<P>&nbsp;</P>
</TD>
<TD WIDTH="1%" VALIGN=BOTTOM>
<P>&nbsp;</P>
</TD>
<TD WIDTH="8%" VALIGN=BOTTOM>
<P ALIGN=RIGHT>&nbsp;</P>
</TD>
<TD WIDTH="2%" VALIGN=BOTTOM>
<P>&nbsp;</P>
</TD>
<TD WIDTH="1%" VALIGN=BOTTOM>
<P>&nbsp;</P>
</TD>
<TD WIDTH="8%" VALIGN=BOTTOM>
<P ALIGN=RIGHT>&nbsp;</P>
</TD>
<TD WIDTH="2%" VALIGN=BOTTOM>
<P>&nbsp;</P>
</TD>
<TD WIDTH="1%" VALIGN=BOTTOM>
<P>&nbsp;</P>
</TD>
<TD WIDTH="8%" VALIGN=BOTTOM>
<P ALIGN=RIGHT>&nbsp;</P>
</TD>
<TD WIDTH="1%" VALIGN=BOTTOM>
<P>&nbsp;</P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD COLSPAN="14" VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1><B>For the
  year ended December 31,</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD COLSPAN="14" VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD COLSPAN="2" VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1><B>2006</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD COLSPAN="2" VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1><B>2005</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD COLSPAN="2" VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1><B>2004</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD COLSPAN="2" VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1><B>2003</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD COLSPAN="2" VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1><B>2002</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD COLSPAN="2" VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD COLSPAN="2" VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD COLSPAN="2" VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD COLSPAN="2" VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD COLSPAN="2" VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>Net asset value:</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>Beginning of year</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>$</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>8.51</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>$</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>8.75</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>$</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>7.94</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>$</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>7.37</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>$</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>9.18</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>Net investment income(1)(2)</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>0.47</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>0.41</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>0.54</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>0.75</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>0.79</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>Net realized gain (loss) and change in unrealized
  appreciation/(depreciation) on investments</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>1.89</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>0.14</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>1.06</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>0.62</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>(1.78</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>)</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>Dividends on remarketed preferred stock from net
investment income(1)</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>&#151;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>&#151;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>&#151;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>&#151;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>(0.04</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>)</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>Dividends on auction preferred stock from net
investment income</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>(0.07</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>)</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>&#151;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>&#151;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>&#151;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>&#151;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>Total from investment operations applicable to
common stock</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>2.29</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>0.55</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>1.60</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>1.37</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>(1.03</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>)</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>Dividends on common stock from and in excess of
net investment income</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>(0.78</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>)</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>(0.75</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>)</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>(0.79</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>)</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>(0.80</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>)</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>(0.78</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>)</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>Return of capital</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>&#151;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>(0.04</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>)</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>&#151;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>&#151;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>&#151;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>Total distributions</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>(0.78</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>)</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>(0.79</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>)</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>(0.79</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>)</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>(0.80</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>)</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>(0.78</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>)</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>Auction preferred stock offering costs</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>(0.02</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>)</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>&#151;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>&#151;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>&#151;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>&#151;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>Net asset value:</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>End of year</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>$</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>10.00</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>$</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>8.51</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>$</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>8.75</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>$</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>7.94</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>$</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>7.37</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=3 WIDTH="100%" NOSHADE COLOR=GRAY ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>Per share market value:</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='MARGIN-LEFT:17.3PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>End of year</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>$</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>10.82</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>$</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>10.39</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>$</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>11.92</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>$</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>10.96</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>$</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>9.90</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>Ratio of expenses to average net assets
applicable to common stock(1)</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>2.40</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>%</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>2.24</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>%</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>1.86</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>%</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>1.89</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>%</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>1.44</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>%</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>Ratio of net investment income to average net
assets applicable to
  common stock(1)(2)</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>5.02</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>%</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>4.51</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>%</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>5.63</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>%</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>9.88</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>%</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>9.63</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>%</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>Total investment return on market
value</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>12.50</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>%</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>(6.16</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>%)</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>17.35</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>%</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>19.82</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>%</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>(3.04</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>%)</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>Portfolio turnover rate(2)</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>29.60</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>%</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>27.99</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>%</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>43.71</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>%</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>242.69</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>%</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P ALIGN=RIGHT><FONT SIZE=2>197.27</FONT></P>
</TD>
<TD VALIGN=BOTTOM BGCOLOR="#E6E6E6">
<P><FONT SIZE=2>%</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT   SIZE=2>Net assets applicable to common stock, end of
year (000s omitted)</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>$</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>2,264,202</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>$</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>1,904,207</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>$</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>1,935,437</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>$</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>1,738,286</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>$</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>1,592,970</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
</TABLE>

<P><HR NOSHADE WIDTH=120 COLOR=GRAY ALIGN=LEFT size=1>

<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
<TR style="font-size:1px">
<TD WIDTH="5%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="95%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=2>(1)</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Upon the adoption of FAS
  150 in 2003, dividends on remarketed preferred stock are included in interest
  expense and are part of net investment income. Absent this change in
  accounting, per share net investment income and dividends on remarketed
  preferred stock would have been $0.56 and $0.09, respectively, for the year
  ended December 31, 2006; $0.47 and $0.06, respectively, in 2005; $0.57 and
  $0.03, respectively, in 2004; $0.78 and $0.03, respectively, in 2003.</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=2>(2)</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Beginning in 2004, the
  Fund reduced its use of short-term trading strategies designed to capture
  dividend income and made increased use of realized gains to supplement its
  investment income. Until the Fund utilizes all of its tax loss carryforwards,
  distributions to shareholders derived from such realized gains will be
  treated as ordinary income for tax purposes. In addition, the reduced use of
  short-term trading strategies reduced the Fund&#146;s portfolio turnover rate
  during the years ended December 31, 2006, 2005 and 2004.</FONT></P>
</TD>
</TR>
</TABLE>

<P ALIGN=CENTER><FONT SIZE=2>The accompanying notes are an integral part of these financial
statements.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>20<BR>
</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4><P ALIGN=LEFT STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<P ALIGN=CENTER><FONT SIZE=2><B>DNP SELECT INCOME FUND INC.<BR>
NOTES TO FINANCIAL STATEMENTS<BR>
December 31, 2006</B></FONT></P>

<P><FONT SIZE=2><B>(1) SIGNIFICANT ACCOUNTING POLICIES:</B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DNP
SELECT INCOME FUND INC. (the &#147;Fund&#148;) was incorporated under the laws of the
State of Maryland on November 26, 1986. The Fund commenced operations on
January 21, 1987, as a closed-end diversified management investment company
registered under the Investment Company Act of 1940. The primary investment
objectives of the Fund are current income and long-term growth of income.
Capital appreciation is a secondary objective.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following are the significant accounting policies of the Fund:</FONT></P>

<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
<TR style="font-size:1px">
<TD WIDTH="5%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="95%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)
  Equity securities traded on a national or foreign securities exchange or
  traded over-the-counter and quoted on the NASDAQ System are valued at the
  last reported sale price or, if there was no sale on the pricing date, then
  the security is valued at the mean of the bid and ask prices as obtained on
  that day from one or more dealers regularly making a market in that security.
  Fixed income securities are valued at the mean of bid and ask prices provided
  by an independent pricing service when such prices are believed to reflect
  the fair market value of such securities. Such bid and ask prices are
  determined taking into account securities prices, yields, maturities, call
  features, ratings, and institutional size trading in similar securities and
  developments related to specific securities. Any securities for which it is
  determined that market prices are unavailable or inappropriate are valued at
  a fair value using a procedure determined in good faith by the Board of
  Directors. Short-term investments having a maturity of 60 days or less are
  valued on an amortized cost basis, which approximates market value.</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)
  Repurchase agreements are fully collateralized by U.S. Treasury, U.S.
  Government Agency and other investment grade securities. All collateral is
  held by an independent third-party custodian bank on behalf of the Fund until
  maturity of the repurchase agreement. Provisions of the agreement provide
  that the market value of the collateral plus accrued interest on the
  collateral is greater than or equal to the repurchase price plus accrued
  interest at all times. In the event of a default or bankruptcy by the other
  party to the agreements, the Fund maintains the right to sell the underlying
  collateral securities at market value; however realization and/or retention
  of the collateral may be subject to legal proceedings.</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)
  It is the Fund&#146;s policy to comply with requirements of Subchapter M of the
  Internal Revenue Code applicable to regulated investment companies and to
  distribute substantially all of its taxable income to its shareholders.
  Therefore, no provision for Federal income or excise taxes is required. The
  Fund intends to utilize provisions of Federal income tax laws which allow a
  realized capital loss to be carried forward for eight years following the
  year of loss. At December 31, 2006, the Fund had tax capital loss
  carryforwards of $150,585,405 which will expire in 2011. These capital loss
  carryforwards will be reduced by future realized gains, whether or not
  distributed (see Note 4). At December 31, 2006, on a tax basis, the Fund had
  undistributed net investment income of $0 and based on a $3,576,595,839 tax
  cost of investments, gross unrealized appreciation of $610,438,317 and
  unrealized depreciation of $12,184,772. The difference between the book basis
  and tax basis of distributable earnings and cost of investments are primarily
  a result of tax deferral of wash sale losses, the accretion of market
  discount and amortization of premiums and alternative tax treatment of
  certain securities.</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)
  Security transactions are recorded on the trade date. Realized gains or
  losses from sales of securities are determined on the specific identified
  cost basis. Dividend income is recognized on the ex-dividend date.</FONT></P>
</TD>
</TR>
</TABLE>

<P ALIGN=CENTER><FONT SIZE=2>21<BR>
</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4><P ALIGN=LEFT STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<P ALIGN=CENTER><FONT SIZE=2><B>DNP SELECT INCOME FUND INC.<BR>
NOTES TO FINANCIAL STATEMENTS&#151;(Continued)<BR>
December 31, 2006</B></FONT></P>

<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
<TR style="font-size:1px">
<TD WIDTH="5%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="95%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Interest income and
  expense are recognized on the accrual basis. Discounts and premiums on
  securities are amortized over the lives of the respective securities for
  financial reporting purposes. Discounts and premiums are not amortized for
  tax purposes.</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)
  The preparation of financial statements in conformity with U.S. generally
  accepted accounting principles requires management to make estimates and
  assumptions that affect the reported amounts of assets and liabilities and
  disclosure of contingent assets and liabilities at the date of the financial
  statements and the reported amounts of increases and decreases in net assets
  from operations during the reporting period. Actual results could differ from
  those estimates.</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)
  In July 2006, the Financial Accounting Standards Board (&#147;FASB&#148;) issued
  interpretation No. 48 (&#147;FIN 48&#148;) entitled &#147;Accounting for Uncertainty in
  Income Taxes &#150; an interpretation of FASB Statement 109&#148;. FIN 48 prescribes
  the minimum recognition threshold a tax position must meet in connection with
  accounting for uncertainties in income tax positions taken or expected to be
  taken by an entity including mutual funds before being measured and
  recognized in the financial statements. The Fund must implement FIN 48 no
  later than June 29, 2007. The impact on the Fund&#146;s financial statements, if
  any, is currently being assessed.</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
  addition, in September 2006, Statement of Financial Accounting Standards No.
  157, Fair Value Measurements (&#147;SFAS 157&#148;) was issued and is effective for
  fiscal years beginning after November 15, 2007. SFAS 157 defines fair value
  and expands disclosures about fair value measurements. The Fund will adopt
  SFAS 157 during the fiscal year ending December 31, 2008. Management is
  currently evaluating the impact the adoption of SFAS 157 will have on the
  Fund&#146;s financial statement disclosures.</FONT></P>
</TD>
</TR>
</TABLE>

<P><FONT SIZE=2><B>(2) MANAGEMENT ARRANGEMENTS:</B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Fund has engaged Duff &amp; Phelps Investment Management Co. (the &#147;Adviser&#148;) to
provide professional investment management services for the Fund and has
engaged J. J. B. Hilliard, W. L. Lyons, Inc. (the &#147;Administrator&#148;) to provide
administrative and management services for the Fund. The Adviser receives a
quarterly fee at an annual rate of .60% of the average weekly net assets of the
Fund up to $1.5 billion and .50% of average weekly net assets in excess thereof.
The Administrator receives a quarterly fee at annual rates of .25% of average
weekly net assets up to $100 million, .20% of average weekly net assets from $100
million to $1 billion, and .10% of average weekly net assets over $1 billion. For
purposes of the foregoing calculations, &#147;average weekly net assets&#148; is defined
as the sum of (i) the aggregate net asset value of the Fund&#146;s common stock (ii)
the aggregate liquidation preference of the Fund&#146;s preferred stock and (iii)
the aggregate proceeds to the Fund of commercial paper issued by the Fund.
Directors of the Fund not affiliated with the Adviser receive a fee of $25,000
per year plus $2,000 per board meeting, plus $1,500 per committee meeting
attended. Committee chairmen receive an additional fee of $5,000 per year. The
chairman of the board receives an additional fee of $50,000 per year. Total
fees paid to directors for the year ended December 31, 2006 were $414,000.</FONT></P>

<P><FONT SIZE=2><B>(3) INDEMNIFICATIONS:</B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under
the Fund&#146;s organizational documents, its Officers and Directors are indemnified
against certain liabilities arising out of the performance of their duties to
the Fund. In addition, in the normal course of business, the Fund enters into
contracts that provide general indemnifications to other parties. The Fund&#146;s
maximum exposure under these arrangements is unknown as this would involve
future claims that may be made against the Fund</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>22<BR>
</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4><P ALIGN=LEFT STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<P ALIGN=CENTER><FONT SIZE=2><B>DNP SELECT INCOME FUND INC.<BR>
NOTES TO FINANCIAL STATEMENTS&#151;(Continued)<BR>
December 31, 2006</B></FONT></P>

<P><FONT SIZE=2>that have not yet occurred.
However, the Fund has not had prior claims or losses pursuant to these
contracts and expects the risk of loss to be remote.</FONT></P>

<P><FONT SIZE=2><B>(4) DIVIDENDS:</B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Fund declares and pays dividends monthly. The amount and timing of
distributions are determined in accordance with federal income tax regulations,
which may differ from U.S. generally accepted accounting principles.
Distributions from and in excess of net investment income on the Statements of
Changes in Net Assets consists of ordinary income distributions for federal
income tax purposes. Ordinary income distributions for federal income tax
purposes include distributions from realized gains, until the Fund utilizes all
of its tax loss carryforwards.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
tax character of all Fund distributions to common shareholders in 2005 and 2006
was as follows:</FONT></P>

<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="50%">
<TR style="font-size:1px">
<TD WIDTH="31%" VALIGN=BOTTOM>
<P>&nbsp;</P>
</TD>
<TD WIDTH="5%" VALIGN=BOTTOM>
<P ALIGN=CENTER>&nbsp;</P>
</TD>
<TD WIDTH="2%" VALIGN=BOTTOM>
<P ALIGN=CENTER>&nbsp;</P>
</TD>
<TD WIDTH="24%" VALIGN=BOTTOM>
<P ALIGN=CENTER>&nbsp;</P>
</TD>
<TD WIDTH="5%" VALIGN=BOTTOM>
<P ALIGN=CENTER>&nbsp;</P>
</TD>
<TD WIDTH="2%" VALIGN=BOTTOM>
<P ALIGN=CENTER>&nbsp;</P>
</TD>
<TD WIDTH="25%" VALIGN=BOTTOM>
<P ALIGN=CENTER>&nbsp;</P>
</TD>
<TD WIDTH="2%" VALIGN=BOTTOM>
<P ALIGN=CENTER>&nbsp;</P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD COLSPAN="2" VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1><B>Ordinary
  Income</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD COLSPAN="2" VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1><B>Return of
  Capital</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD COLSPAN="2" VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD COLSPAN="2" VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>2005</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>$</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>167,196,945</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>$</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>7,616,135</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>2006</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>$</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>175,734,577</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=2>$</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=RIGHT><FONT SIZE=2>0</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
</TABLE>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Due
to inherent differences in the recognition and distribution of income and
realized gains/losses under U.S. generally accepted accounting principles and
for federal income tax purposes, permanent differences between book and tax
basis reporting have been identified and appropriately reclassified on the
Statement of Assets and Liabilities. The reclassifications primarily relate to
premium amortization and capital loss carryforwards utilized for current year
distributions. These reclassifications have no impact on the net asset value of
the Fund. At December 31, 2006 the following reclassifications were recorded:</FONT></P>

<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="70%">
<TR style="font-size:1px">
<TD WIDTH="20%" VALIGN=BOTTOM>
<P>&nbsp;</P>
</TD>
<TD WIDTH="3%" VALIGN=BOTTOM>
<P ALIGN=CENTER>&nbsp;</P>
</TD>
<TD WIDTH="21%" VALIGN=BOTTOM>
<P ALIGN=CENTER>&nbsp;</P>
</TD>
<TD WIDTH="3%" VALIGN=BOTTOM>
<P ALIGN=CENTER>&nbsp;</P>
</TD>
<TD WIDTH="20%" VALIGN=BOTTOM>
<P ALIGN=CENTER>&nbsp;</P>
</TD>
<TD WIDTH="3%" VALIGN=BOTTOM>
<P ALIGN=CENTER>&nbsp;</P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1><B>Paid-in
  Surplus</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1><B>Accumulated
  net realized</B><FONT SIZE=1><B><BR>
  loss on investments</B></FONT></FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1><B>Distributions
  in excess of</B><FONT SIZE=1><B><BR>
  net investment income</B></FONT></FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=2>$(97,157,829)</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=2>$(3,074,921)</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=2>$100,232,750</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
</TABLE>

<P><FONT SIZE=2><B>(5) PREFERRED STOCK:</B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
1988, the Fund issued 5,000 shares of Remarketed Preferred Stock (&#147;RP&#148;) in five
series of 1,000 shares each at a public offering price of $100,000 per share.
In 2006, the Fund issued 20,000 shares of Auction Preferred Stock (&#147;APS&#148;) in
five series of 4,000 shares each at a public offering price of $25,000 per
share. The underwriting discount and other offering costs incurred in
connection with the issuance of the RP and APS were recorded as a reduction of
paid-in surplus on common stock. Dividends on the RP and APS are cumulative at
a rate which was initially established for each series at the time of its
initial offering. Since the initial offering of each series of RP and APS, the
dividend rate on each series of RP has been reset every 49 days by a
remarketing process and the dividend rate on each series of APS has been reset
every seven days by an auction process. Dividend rates ranged from 3.47% to
4.47% on the RP and from 4.57% and to 5.32% on the APS during the year ended
December 31, 2006.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
RP and APS are redeemable at the option of the Fund on any dividend payment
date at a redemption price equal to $100,000 per share for each share of RP and
$25,000 per share for each share of APS, plus accumulated and unpaid dividends
in each case. The Fund is required to maintain certain asset coverage with
respect to the RP and APS, and the RP and APS are subject to mandatory
redemption if that asset coverage is</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>23<BR>
</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4><P ALIGN=LEFT STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<P ALIGN=CENTER><FONT SIZE=2><B>DNP SELECT INCOME FUND INC.<BR>
NOTES TO FINANCIAL STATEMENTS&#151;(Continued)<BR>
December 31, 2006</B></FONT></P>

<P><FONT SIZE=2>not maintained. Each series
of RP is also subject to mandatory redemption on a date certain, therefore, the
RP is classified as a liability on the statement of assets and liabilities and
the related dividends as interest expense on the statement of operations. The
mandatory redemption dates are as follows: Series A&#151;November 28, 2012; Series
B&#151;November 18, 2015; Series C&#151;November 7, 2018; Series D&#151;December 22, 2021; and
Series E&#151;December 11, 2024.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
general, the holders of the RP and of the Common Stock have equal voting rights
of one vote per share and the holders of the APS are entitled to 1/4 vote per
share. Since each share of APS represents a liquidation preference of $25,000,
and each share of RP represents a liquidation preference of $100,000 per share,
the allocation of 1/4 vote per share to the APS gives all holders of preferred
stock equal voting power per dollar of liquidation preference. The holders of
the RP and APS, voting together as a class, are entitled to elect two members
of the Board of Directors, and separate class votes are required on certain
matters that affect the respective interests of the RP and APS and the Common
Stock.</FONT></P>

<P><FONT SIZE=2><B>(6) COMMERCIAL PAPER:</B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
of January 1, 2006 the Fund had Commercial Paper Notes (&#147;Notes&#148;) outstanding
with a par value of $200,000,000 and had entered into a credit agreement to
provide backup liquidity. The Notes were unsecured, general obligations of the
Fund. During the period ended May 31, 2006, the Fund decreased the amount of
its outstanding Notes to zero. Interest rates on the Notes ranged from 4.37% to
4.80% during the period from January 1, 2006 through May 31, 2006. As of June
1, 2006, the Fund no longer issues such Notes and has terminated the related
backup credit facility.</FONT></P>

<P><FONT SIZE=2><B>(7) INVESTMENT TRANSACTIONS:</B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
the year ended December 31, 2006 purchases and sales of investment securities
(excluding short-term securities) were $1,099,476,447 and $846,583,938,
respectively.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Fund may lend portfolio securities to a broker/dealer. Loans are required to be
secured at all times by collateral at least equal to the market value of
securities loaned. The Fund receives a portion of the income earned on the
securities held as collateral and continues to earn income on the loaned
securities. Security loans are subject to the risk of failure by the borrower
to return the loaned securities in which case the Fund could incur a loss. At
December 31,2006 the Fund had loaned portfolio securities with a market value
of $899,741,272 and received $933,816,912 of cash collateral. This cash was
invested in securities as shown in the Schedule of Investments.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>24</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4><P ALIGN=LEFT STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<P><FONT SIZE=2><B>Information about Directors and Officers of
the Fund&#151;(unaudited)</B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Set
forth below are the names and certain biographical information about the
directors and officers of the Fund. Directors are divided into three classes
and are elected to serve staggered three-year terms. All of the directors are
elected by the holders of the Fund&#146;s common stock, except for Mr. Genetski and
Ms. Lampton, who are elected by the holders of the Fund&#146;s preferred stock. All
of the directors of the Fund are classified as independent directors because
none of them are &#147;interested persons&#148; of the Fund, as defined in the Investment
Company Act of 1940. The term &#147;Fund Complex&#148; refers to the Fund and all other
investment companies advised by affiliates of Phoenix Investment Partners, Ltd.
(&#147;PXP&#148;).</FONT></P>

<P><FONT SIZE=2><B>Independent Directors</B></FONT></P>

<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
<TR style="font-size:1px" >
<TD WIDTH="17%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="3%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="9%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="3%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="9%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="3%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="20%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="3%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="10%" VALIGN=TOP>
<P ALIGN=CENTER>&nbsp;</P>
</TD>
<TD WIDTH="3%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="20%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1><B>Name, Address and Age</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1><B>Positions<BR>
  Held<BR>
  with Fund</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1><B>Term of<BR>
  Office and<BR>
  Length of<BR>
  Time<BR>
  Served</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1><B>Principal
  Occupation(s)<BR>
  During Past 5 Years</B></FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1><B>Number
  of<BR>
  Portfolios in<BR>
  Fund Complex<BR>
  Overseen by<BR>
  Director</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1><B>Other<BR>
  Directorships<BR>
  Held by the<BR>
  Director</B></FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
<TD VALIGN=TOP>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Stewart E. Conner<BR>
  c/o Duff &amp; Phelps<BR>
  Investment<BR>
  Management Co.<BR>
  55 East Monroe Street<BR>
  Suite 3600<BR>
  Chicago, IL 60603<BR>
  Age: 65</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=CENTER><FONT SIZE=2>Director</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=CENTER><FONT SIZE=2>Term
  expires 2007, Director since April 2004</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Attorney, Wyatt Tarrant
  &amp; Combs LLP since 1966 (Chairman, Executive Committee 2000-2004, Managing
  Partner 1988-2000)</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=CENTER><FONT SIZE=2>1</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Connie&nbsp;K.&nbsp;Duckworth<BR>
  c/o Duff &amp; Phelps<BR>
  Investment<BR>
  Management Co.<BR>
  55 East Monroe Street<BR>
  Suite 3600<BR>
  Chicago, IL 60603<BR>
  Age: 52</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=CENTER><FONT SIZE=2>Director</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=CENTER><FONT SIZE=2>Term
  expires 2008, Director since April 2002</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Founder, Chairman and
  President, Arzu, Inc. (nonprofit corporation created to assist Afghan women through
  sale of homemade rugs) since August 2003; Member, Eight Wings Enterprises LLC
  (investor in early-stage businesses) 2002-2004; Advisory Director, Goldman
  Sachs &amp; Company, December 2000- December 2001 (Managing Director, December
  1996-December 2000, Partner 1990-1996, Chief Operating Officer of Firmwide
  Diversity Committee 1990-1995)</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=CENTER><FONT SIZE=2>1</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Director, Smurfit-Stone
  Container Corporation (packaging manufacturer), Nuveen Investments, Inc.;
  Trustee, Northwestern Mutual Life Insurance Company; and Russell Frank
  Company (diversified financial services company) Director and Chairman,
  Evanston Northwestern Health Care Corporation; Member, Board of Overseers,
  Wharton School of the University of Pennsylvania; Director, Global Heritage
  Fund (archaeological conservation organization)</FONT></P>
</TD>
</TR>
</TABLE>

<P ALIGN=CENTER><FONT SIZE=2>25</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4><P ALIGN=LEFT STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
<TR style="font-size:1px" >
<TD WIDTH="17%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="3%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="9%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="3%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="9%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="3%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="20%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="3%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="10%" VALIGN=TOP>
<P ALIGN=CENTER>&nbsp;</P>
</TD>
<TD WIDTH="3%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="20%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1><B>Name, Address and Age</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1><B>Positions<BR>
  Held<BR>
  with Fund</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1><B>Term of<BR>
  Office and<BR>
  Length of<BR>
  Time<BR>
  Served</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1><B>Principal
  Occupation(s)<BR>
  During Past 5 Years</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1><B>Number
  of<BR>
  Portfolios in<BR>
  Fund Complex<BR>
  Overseen by<BR>
  Director</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1><B>Other<BR>
  Directorships<BR>
  Held by the<BR>
  Director</B></FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Robert J. Genetski<BR>
  c/o Duff &amp; Phelps<BR>
  Investment<BR>
  Management Co.<BR>
  55 East Monroe Street<BR>
  Suite 3600<BR>
  Chicago, IL 60603<BR>
  Age: 64</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=CENTER><FONT SIZE=2>Director</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=CENTER><FONT SIZE=2>Term
  expires 2007; Director since April 2001</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>President, Robert Genetski
  &amp; Associates, Inc. (economic and financial consulting firm) since 1991;
  Senior Managing Director, Chicago Capital Inc. (financial services firm)
  1995-2001; former Senior Vice President and Chief Economist, Harris Trust
  &amp; Savings Bank, author of several books; regular contributor to the
  Nikkei Financial Daily</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=CENTER><FONT SIZE=2>1</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Director, Midwest Banc
  Holdings, Inc.</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Francis E. Jeffries<BR>
  c/o Duff &amp; Phelps<BR>
  Investment<BR>
  Management Co.<BR>
  55 East Monroe Street<BR>
  Suite 3600<BR>
  Chicago, IL 60603<BR>
  Age: 76</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=CENTER><FONT SIZE=2>Director
  and Chairman of the Board</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=CENTER><FONT SIZE=2>Term
  expires 2007, Director since January 1987</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Retired Chairman of the
  Board of PXP since May 1997, Chairman of the Board of the Fund since May 2005
  (Vice Chairman April 2004- May 2005); Chairman of the Board of DTF Tax-Free
  Income Inc. (&#147;DTF&#148;) since September 1991 and Duff &amp; Phelps Utility and Corporate
  Bond Trust Inc. (&#147;DUC&#148;) since November 1992 (President of DTF and DUC,
  January 2000- February 2004); Chairman of the Board of PXP, November 1995- May
  1997; Chairman and Chief Executive Officer, Duff &amp; Phelps Corporation,
  June 1993-November 1995 (President and Chief Executive Officer, January
  1992-June 1993); Chairman of the Board, Duff &amp; Phelps Investment
  Management Co. (the &#147;Adviser&#148;) 1988-1993</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=CENTER><FONT SIZE=2>63</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Nancy Lampton<BR>
  c/o Duff &amp; Phelps<BR>
  Investment<BR>
  Management Co.<BR>
  55 East Monroe Street<BR>
  Suite 3600<BR>
  Chicago, IL 60603<BR>
  Age: 64</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=CENTER><FONT SIZE=2>Director
  and Vice Chairman</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=CENTER><FONT SIZE=2>Term
  expires 2009; Director since October 1994</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Chairman and Chief
  Executive Officer, Hsrdscuffle Inc. (insurance holding company) since January
  2000; Chairman and Chief Executive Officer, American Life and Accident
  Insurance Company of Kentucky since 1971</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=CENTER><FONT SIZE=2>3</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Director, Constellation
  Energy Group, Inc. (public utility holding company); Advisory Board Member, Thorium
  Power, Inc. (designer of non- proliferative fuel for nuclear energy needs)</FONT></P>
</TD>
</TR>
</TABLE>

<P ALIGN=CENTER><FONT SIZE=2>26</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4><P ALIGN=LEFT STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
<TR style="font-size:1px" >
<TD WIDTH="17%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="3%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="9%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="3%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="9%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="3%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="20%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="3%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="10%" VALIGN=TOP>
<P ALIGN=CENTER>&nbsp;</P>
</TD>
<TD WIDTH="3%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="20%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P><FONT SIZE=1><B>Name, Address and Age</B></FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1><B>Positions<BR>
  Held<BR>
  with Fund</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1><B>Term of<BR>
  Office and<BR>
  Length of<BR>
  Time<BR>
  Served</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1><B>Principal
  Occupation(s)<BR>
  During Past 5 Years</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1><B>Number
  of<BR>
  Portfolios in<BR>
  Fund Complex<BR>
  Overseen by<BR>
  Director</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1><B>Other<BR>
  Directorships<BR>
  Held by the<BR>
  Director</B></FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Christian&nbsp;H.&nbsp;Poindexter<BR>
  c/o Duff &amp; Phelps<BR>
  Investment<BR>
  Management Co.<BR>
  55 East Monroe Street<BR>
  Suite 3600<BR>
  Chicago, IL 60603<BR>
  Age: 68</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=CENTER><FONT SIZE=2>Director</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=CENTER><FONT SIZE=2>Term
  expires 2009; Director since May 2003</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Retired Executive Committee
  Chairman, Constellation Energy Group, Inc. (public utility holding company)
  since March 2003 (Executive Committee Chairman, July 2002-March 2003;
  Chairman of the Board, April 1999-July 2002; Chief Executive Officer, April
  1999- October 2001; President, April 1999- October 2000) Chairman, Baltimore Gas
  and Electric Company, January 1993-July 2002 (Chief Executive Officer January
  1993-July 2000; President, March 1998-October 2000; Director, 1988-2003)</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=CENTER><FONT SIZE=2>1</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Director, Mercantile Bankshares
  Corporation (bank holding company); Director, The Baltimore Life Insurance
  Company; Chairman Investment Committee, U.S. Naval Academy Foundation</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Carl F. Pollard<BR>
  c/o Duff &amp; Phelps<BR>
  Investment<BR>
  Management Co.<BR>
  55 East Monroe Street<BR>
  Suite 3600<BR>
  Chicago, IL 60603<BR>
  Age: 68</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=CENTER><FONT SIZE=2>Director</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=CENTER><FONT SIZE=2>Term
  expires 2008; Director since April 2002</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Owner, Hermitage Farm
  L.L.C. (thoroughbred breeding) since January 1995; Chairman, Columbia Healthcare
  Corporation 1993-1994; Chairman and Chief Executive Officer, Galen Health
  Care, Inc, March-August 1993, President and Chief Operating Officer, Humana Inc.
  1991-1993 (previously Senior Executive Vice President, Executive Vice
  President and Chief Financial Officer)</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=CENTER><FONT SIZE=2>3</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Chairman of the Board and
  Director, Churchill Downs Incorporated; Director, LifeCare Holdings, Inc. (hospital
  holding company)</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=2>David J. Vitale<BR>
  c/o Duff &amp; Phelps<BR>
  Investment<BR>
  Management Co.<BR>
  55 East Monroe Street<BR>
  Suite 3600<BR>
  Chicago, IL 60603<BR>
  Age: 60</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=CENTER><FONT SIZE=2>Director</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=CENTER><FONT SIZE=2>Term
  expires 2009; Director since April 2000</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Chief Administrative
  Officer, Chicago Public Schools since April 2003; Private investor November 2002-April
  2003; President and Chief Executive Officer, Board of Trade of the City of
  Chicago, Inc. March 2001- November 2002; Retired executive 1999-2001; Vice
  Chairman and Director, Bank One Corporation, 1998-1999; Vice Chairman and Director,
  First Chicago NBD Corporation, and President, The First National Bank of
  Chicago, 1995-1998; Vice Chairman, First Chicago Corporation and The First National
  Bank of Chicago, 1993- 1998 (Director, 1992-1998; Executive Vice President,
  1986-1993)</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P ALIGN=CENTER><FONT SIZE=2>3</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Director, UAL Corporation
  (airline holding company), ISO New England Inc, (not for profit independent
  system operator of New England&#146;s electricity supply), Ariel Capital Management,
  LLC, Ark Investment Corp. and Wheels, Inc. (automobile fleet management)</FONT></P>
</TD>
</TR>
</TABLE>

<P ALIGN=CENTER><FONT SIZE=2>27</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4><P ALIGN=LEFT STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Additional
information about the Fund&#146;s directors is contained in the Statement of
Additional Information (&#147;SAI&#148;) constituting Part B of the Fund&#146;s Registration
Statement on Form N-2 filed with the SEC. The most recent post-effective
amendment to that Registration Statement is available electronically at the
SEC&#146;s Internet web site, http://www.sec.gov. The Fund will also furnish a copy
of the SAI portion of the Registration Statement, without charge, to any
shareholder who so requests by calling the Administrator at (888) 878-7845
(toll-free).</FONT></P>

<P><FONT SIZE=2><B>Officers of the Fund</B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
officers of the Fund are elected at the annual meeting of the board of
directors of the Fund. The officers receive no compensation from the Fund, but
are also officers of the Fund&#146;s investment adviser or the Fund&#146;s administrator
and receive compensation in such capacities.</FONT></P>

<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 width=100%>
<TR style="font-size:1px" >
<TD WIDTH="24%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="3%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="25%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="3%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="42%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1><B>Name, Address <BR>
  and Age</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1><B>Position(s) Held with <BR>
  Fund and Length of <BR>
  Time Served</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1><B>Principal Occupation(s)<BR>
  During Past 5 Years</B></FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<HR SIZE=1 WIDTH="64%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<HR SIZE=1 WIDTH="71%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<HR SIZE=1 WIDTH="48%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Nathan I. Partain<BR>
  Duff &amp; Phelps Investment<BR>
  Management Co.<BR>
  55 East Monroe Street<BR>
  Suite 3600<BR>
  Chicago, IL 60603<BR>
  Age: 50</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>President and Chief
  Executive Officer since February 2001; Chief Investment Officer since January
  1998; Executive Vice President, April 1998-February 2001; Senior Vice
  President January 1997-April 1998</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>President and Chief
  Investment Officer of the Adviser since April 2005 (Executive Vice President
  1997- 2005); President, Chief Executive Officer and Chief Investment Officer
  of DTF and DUC since February 2004; Director of Utility Research, Duff &amp;
  Phelps Investment Research Co. 1989-1996 (Director of Equity Research,
  1993-1996 and Director of Fixed Income Research, 1993); Director, Otter Tail
  Corporation (1993-present)</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=2>T. Brooks Beittel<BR>
  Duff &amp; Phelps<BR>
  Investment Management Co.<BR>
  55 East Monroe Street<BR>
  Suite 3600<BR>
  Chicago, IL 60603<BR>
  Age: 56</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Secretary and Senior Vice
  President since January 1995; Treasurer, January 1995- September 2002</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Senior Vice President of
  the Adviser since 1993 (Vice President 1987-1993); Secretary of DUC and DTF
  since May 2005</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Joseph C. Curry, Jr.<BR>
  c/o Hilliard Lyons<BR>
  Investment Management<BR>
  500 West Jefferson St.<BR>
  Louisville, KY 40202<BR>
  Age: 62</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Treasurer since September
  2002; Senior Vice President since May 2006 (Vice President, April 1988-May
  2006)</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Senior Vice President,
  J.J.B. Hilliard, W.L. Lyons, Inc. since 1994 (Vice President 1982-1994); Vice
  President, Hilliard Lyons Trust Company; President, Hilliard-Lyons Government
  Fund, Inc.; Vice President and Assistant Treasurer, Senbanc Fund</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Joyce B. Riegel<BR>
  Duff &amp; Phelps<BR>
  Investment<BR>
  Management Co.<BR>
  55 East Monroe Street<BR>
  Suite 3600<BR>
  Chicago, IL 60603<BR>
  Age: 52</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Chief Compliance Officer
  since February 2004</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Senior Vice President and
  Chief Compliance Officer of the Adviser since 2004 (Vice President and
  Compliance Officer of the Adviser 2002-2004), Chief Compliance Officer of DTF
  and DUC since 2003. Vice President and Chief Compliance Officer, Stein Roe
  Investment Counsel LLC 2001-2002, Vice President and Compliance Officer,
  Stein Roe &amp; Farnham Incorporated 1996-2000</FONT></P>
</TD>
</TR>
</TABLE>

<P ALIGN=CENTER><FONT SIZE=2>28</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4><P ALIGN=LEFT STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<BR>
<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 width=100%>
<TR style="font-size:1px" >
<TD WIDTH="24%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="3%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="25%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="3%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="42%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
</TR>
<TR>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1><B>Name, Address <BR>
  and Age</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1><B>Position(s) Held with <BR>
  Fund and Length of <BR>Time Served</B></FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=BOTTOM>
<P ALIGN=CENTER><FONT SIZE=1><B>Principal Occupation(s)<BR>
  During Past 5 Years</B></FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<HR SIZE=1 WIDTH="64%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<HR SIZE=1 WIDTH="71%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<HR SIZE=1 WIDTH="48%" NOSHADE COLOR=BLACK ALIGN=CENTER>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Michael Schatt<BR>
  Duff &amp; Phelps<BR>
  Investment<BR>
  Management Co.<BR>
  55 East Monroe Street<BR>
  Suite 3600<BR>
  Chicago, IL 60603<BR>
  Age: 59</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Senior Vice President since
  April 1998 (Vice President, January 1997-April 1998)</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Senior Vice President of
  the Advisor since 1997; Managing Director of PXP 1994-1996</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Dianna P. Wengler<BR>
  c/o Hilliard Lyons<BR>
  Investment Management<BR>
  500 West Jefferson St.<BR>
  Louisville, KY 40202<BR>
  Age: 46</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Vice President since May
  2006 (Assistant Vice President, April 2004-May 2006); Assistant Secretary
  since April 1998</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=2>Vice President, J.J.B.
  Hilliard, W.L. Lyons, Inc. since 1990; Vice President, Hilliard-Lyons
  Government Fund, Inc.</FONT></P>
</TD>
</TR>
</TABLE>

<P ALIGN=CENTER><FONT SIZE=2>29</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4><P ALIGN=LEFT STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<P ALIGN=CENTER><FONT SIZE=2><B>Information about Proxy Voting by the
Fund&#151;(unaudited)</B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
description of the policies and procedures that the Fund uses to determine how
to vote proxies relating to portfolio securities is available without charge,
upon request, by calling the Administrator toll-free at (888) 878-7845 or is
available on the Fund&#146;s web site <I><u>http://www.dnpselectincome.com</u>
</I>or on the SEC&#146;s web site <I><u>http://www.sec.gov</u></I>.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Information
regarding how the Fund voted proxies relating to portfolio securities during
the most recent 12 month period ended June 30 is available without charge, upon
request, by calling the Administrator toll-free at (888) 878-7845 or is
available on the Fund&#146;s website at <I><u>http://www.dnpselectincome.com</u>
</I>or on the SEC&#146;s website at <I><u>http://www.sec.gov</u></I>.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><B>Information about the Fund&#146;s Portfolio
Holdings&#151;(unaudited)</B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Fund files its complete schedule of portfolio holdings with the SEC for the
first and third fiscal quarters of each fiscal year (quarters ended March 31
and September 30) on Form N-Q. The Fund&#146;s Form N-Q is available on the SEC&#146;s
website at <I><u>http://www.sec.gov</u> </I>and
may be reviewed and copied at the SEC&#146;s Public Reference Room in Washington
D.C. Information on the operation of the SEC&#146;s Public Reference Room may be
obtained by calling 1-800-SEC-0330. In addition, the Fund&#146;s Form N-Q is
available on the Fund&#146;s website at <I><u>http://www.dnpselectincome.com</u></I>.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><B>CEO and CFO Certifications&#151;(unaudited)</B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
2006, the Fund&#146;s chief executive officer (&#147;CEO&#148;) provided to the New York Stock
Exchange the annual CEO certification regarding the Fund&#146;s compliance with the
New York Stock Exchange&#146;s corporate governance listing standards. In addition,
the Fund&#146;s CEO and the Fund&#146;s chief financial officer (&#147;CFO&#148;) filed with the
SEC all required certifications regarding the quality of the Fund&#146;s public
disclosures in its reports filed with the SEC in 2006.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>30</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4><P ALIGN=LEFT STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<P ALIGN=CENTER><FONT SIZE=2><B>Questions and Answers regarding the Managed
Distribution Plan&#151;(unaudited)</B></FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Question
1: What is a Managed Distribution Plan?</B></FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Answer:
</B>A Managed Distribution Plan is one in which common
shareholders receive a consistent, but not guaranteed, periodic cash payment,
regardless of when or whether income is earned or capital gains are realized.
Such a policy recognizes that many investors are willing to accept the higher
price volatility of equity investments, but desire a stable level of cash
distributions available to them each month for reinvestment or other purposes.
The Plan adopted by your Fund&#146;s Board of Directors provides for a continuation
of monthly distributions of 6.5 cents per share, which amounts to 78 cents
annually, subject to the Board&#146;s right to suspend, modify, or terminate the
Plan without notice at any time.</FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Question
2: Why is the Fund implementing a Managed Distribution Plan at this time?</B></FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Answer:
</B>For the past several years, less current income has
been earned on the Fund&#146;s traditional investment holdings because interest
rates have been at historically low levels, utility common stock dividend
yields have been well below their long-term average, and income earned on the
Fund&#146;s leverage, while still beneficial, has dropped. Consequently, there has
been a smaller amount of current income available to distribute to
shareholders. Initially, in order to sustain the monthly distribution level,
the Fund used strategies designed to capture dividend income. However,
beginning in 2004, Fund management curtailed the use of dividend capture
strategies and made increased use of realized capital gains. Because these
capital gains were fully offset by the Fund&#146;s tax loss carryforwards, they have
been characterized as ordinary income, rather than as capital gains, under the
Internal Revenue Code. Once the Fund utilizes all of its tax loss
carryforwards, the timing of which is impossible to predict, and in the absence
of an increase in the yields earned on Fund investments, the Fund&#146;s monthly
distributions to shareholders may include short- and long-term capital gains
and/or a portion of non-taxable return of capital in order to maintain the
distribution rate.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Investment Company Act of 1940 (the &#147;1940 Act&#148;) generally prohibits investment
companies from distributing long-term capital gains (as defined by the Internal
Revenue Code) more often than once every twelve months. However, funds that
have adopted a Managed Distribution Plan often seek exemptive relief from the
Securities and Exchange Commission (&#147;SEC&#148;), permitting them to distribute
long-term capital gains more than once a year. In order to potentially augment
the sources from which your Fund&#146;s monthly distribution can be paid, the Fund&#146;s
Board of Directors, at the same time that it adopted a Managed Distribution
Plan, also authorized the Fund to apply to the SEC for such exemptive relief.</FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Question
3: What approvals does the Fund need from the SEC in order to implement the
Managed Distribution Plan?</B></FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Answer:
</B>Investment company distributions are governed by
Section 19(b) of the 1940 Act and Rule 19b-1 under the 1940 Act. Under Section
19(b), investment companies are limited to one distribution per year of
long-term capital gains (as defined in the Internal Revenue Code), subject to
certain exceptions contained in Rule 19b-1. Because the Fund currently offsets
its long-term capital gains with tax loss carryforwards, distributions made
pursuant to the Managed Distribution Plan do not consist of long-term capital
gains (as defined in the Internal Revenue Code). For this reason, exemptive
relief from the SEC is not needed in the near term. However, if and when the
Fund exhausts its tax loss carryforwards, it will likely need to utilize net
realized long-term capital gains to maintain a steady distribution, and will
therefore require exemptive relief from Section 19(b)</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>31</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4><P ALIGN=LEFT STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<P><FONT SIZE=2>and Rule 19b-1
in order to distribute long-term capital gains more than once in a 12-month
period. Having a Board-approved Managed Distribution Plan in place is generally
a prerequisite for the SEC to consider exemptive relief from Section 19(b) of
the 1940 Act.</FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Question
4: How does the SEC handle requests for exemptive relief from Section 19(b) of
the 1940 Act?</B></FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Answer:
</B>Historically, investment companies that wished to
implement a managed distribution plan allowing for multiple capital gain
distributions in a 12-month period have sought exemptive relief from Section
19(b) and Rule 19b-1. In October 2006, the SEC staff announced a new set of
conditions to be included in applications for exemptive orders. The SEC staff
has stated that the new conditions are intended to ensure that funds will
provide fund investors and others with enhanced disclosure about the sources of
distributions made under a Managed Distribution Plan and about the fund&#146;s total
return relative to the distribution rate under the Plan. Your Fund plans to
file an application with the SEC, in accordance with the conditions set forth
by the SEC staff, so that the Fund will be able to maintain the Managed
Distribution Plan even after the Fund&#146;s capital loss carryforwards are
exhausted. The SEC staff&#146;s conditions (which were further amended in December
2006) are detailed in the answer to Question 5 below.</FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Question
5: What information does the SEC require the Board to consider as part of the
application process for exemptive relief from Section 19(b) of the 1940 Act?</B></FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Answer:
</B>First, the Board is required to consider: (1) the
details of the proposed Managed Distribution Plan (including the amount of the
periodic, level distribution), the purpose of the Plan, and the right of the
Board to amend or terminate the Plan at any time without prior notice to Fund
shareholders; (2) how adoption and implementation of the Plan are consistent
with the Fund&#146;s investment objectives and policies and are in the best
interests of the Fund and its shareholders; (3) any potential or actual
conflict of interest that the Adviser or any affiliated persons of the Fund or
Adviser may have relating to the adoption or implementation of the Plan; (4)
any foreseeable material effect of the Plan on the Fund&#146;s long-term total
return in relation to market price and net asset value (&#147;NAV&#148;); and (5) whether
the rate of distribution under the Plan will exceed the Fund&#146;s total expected
return in relation to NAV.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Second,
from a compliance standpoint, the Board is required to consider the policies
and procedures that the Fund&#146;s Administrator and Adviser propose to adopt
relating to the Plan. Specifically, the compliance procedures relating to the
Plan must: (1) be designed to provide reasonable assurance that all notices
required to be sent to Fund shareholders pursuant to Section 19 of the 1940 Act
include all the required disclosures; (2) require that the Fund keep records
that demonstrate its compliance with all of the conditions of Section 19 of the
1940 Act; (3) provide for the Fund&#146;s Chief Compliance Officer to review the
adequacy of the policies and procedures proposed by the Fund&#146;s Administrator
and Adviser, determine whether the Fund and the Fund&#146;s Adviser have complied
with the conditions set out by the SEC in the exemptive order, and report the
results of the review to the Board of Directors at least once every three
months or at the next regularly scheduled quarterly board meeting; (4) address
the course of action for widespread public disclosure of information regarding
the Fund&#146;s periodic distributions via press releases, SEC filings, website
postings, and inclusion in Fund information, communications, and reports to
shareholders, beneficial owners, and potential shareholders; (5) address
monitoring the trading in the Fund&#146;s common stock so that the Board of
Directors may readdress the appropriateness of the Plan and its benefits to
Fund shareholders if the Fund&#146;s common stock has traded at greater than a 10% premium
to NAV and/or the Fund&#146;s annualized distribution rate, expressed as a
percentage of NAV, is greater than the Fund&#146;s average annual total return in
relation to the change in NAV over a prescribed period of time.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>32</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4><P ALIGN=LEFT STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Question
6: What are the primary advantages of a Managed Distribution Plan?</B></FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Answer:
</B>A managed distribution plan allows a fund to provide
to its common shareholders a regular, periodic distribution that is not
dependent on the timing or amount of income earned or capital gains realized by
the fund. This type of distribution plan recognizes that many investors are
willing to accept the higher price volatility of equity investments but also
like to receive a consistent level of cash distributions each month for
reinvestment or other purposes. It also reduces share price volatility
associated with a potentially large one-time distribution. Further, Lipper
Analytical Services (&#147;Lipper&#148;) data indicate that managed distribution policies
tend to have a positive effect on supporting a closed-end fund&#146;s market price
in relation to its NAV. Even though your Fund historically has traded at a
premium, there can be no assurance that the premium will persist over the long
term.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
the extent that the Fund distributes long-term capital gains, either annually
or, if the Fund is granted exemptive relief from Section 19(b) of the 1940 Act,
the tax effects will be favorable under current tax law, as the applicable tax
rate will be the lower capital gains tax rate instead of the rate applied to
ordinary income.</FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Question
7: What are the primary disadvantages of a Managed Distribution Plan?</B></FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Answer:
</B>One disadvantage of the Managed Distribution Plan is a
negative tax impact on shareholders when the Fund&#146;s distribution includes
capital loss carryforwards offset by realized capital gains. (See Question 11
below.) Distributions of offset capital gains are characterized under the
Internal Revenue Code as ordinary income to shareholders, and are taxed as
such, rather than at the more favorable rate on long-term capital gains. In
addition, the Managed Distribution Plan may affect the Fund&#146;s portfolio
management strategy, which is discussed in Question 8 below. If the Fund&#146;s
total return is less than the annual distribution, the Managed Distribution
Plan could shrink the assets of the Fund over time and thus increase the Fund&#146;s
expense ratio (i.e., the Fund&#146;s fixed expenses will be spread over a smaller
pool of assets). Another potential disadvantage of the Managed Distribution Plan
is that it is subject to modification, suspension or termination at any time,
without notice, by the Board. This is discussed in more detail in Question 9
below. Finally, a managed distribution that contains a return of capital will
require shareholders to adjust their cost basis by the amount of each return of
capital so that when they sell their shares, their cost basis will be lower.
This will add to the recordkeeping requirements of shareholders.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Advantages
and disadvantages notwithstanding, the Fund has no control over the capital
gains it may be forced to realize because of unexpected tender offers or
mergers of the issuers of its underlying stockholdings. In addition, the
components of dividends received from real estate investment trusts (REITs) &#150;
ordinary income, capital gains, and return of capital &#150; cannot be determined by
the Fund at the time of distribution. Indeed, the REITs themselves do not know
the exact percentage breakdown of those components until after the end of the
calendar year, at which time REIT security holders (including the Fund) are
notified. The tax characteristics of the REIT dividend portion of the Fund&#146;s
total distribution for a year are then made available to Fund shareholders, but
are not within the control of the Fund.</FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Question
8: Will the Managed Distribution Plan impact the way in which the Fund is
managed?</B></FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Answer:
</B>Adoption of the Plan is not expected to materially
change the portfolio management strategy of the Fund. The Fund&#146;s primary investment
objectives continue to be current income and growth in income; capital
appreciation remains a secondary objective. The Fund seeks to achieve these
objectives by investing in a diversified portfolio of equity and fixed income
securities of companies in the public utilities industry. Under normal
conditions, the Fund&#146;s investment policies require the Fund to invest at least
65% of its assets in companies engaged in the production, transmission, or
distribution of electric energy, gas, or telephone services. The Adviser does</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>33</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4><P ALIGN=LEFT STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<P><FONT SIZE=2>not expect to
change the makeup of the portfolio because of the adoption of a managed
distribution policy; rather, the Fund will maintain its traditional focus on
the securities of high-quality, income-generating utility companies. The
Adviser may manage the portfolio slightly differently than in the absence of
the Managed Distribution Plan, but not in such a way that is likely to
negatively impact shareholders. For instance, the Adviser may realize a loss in
a security by selling it in order to offset realized capital gains; absent the
Managed Distribution Plan, the Advisers might not have caused the Fund to
realize the loss. This would result in slightly higher portfolio turnover with
a small cost of trading. However, the Adviser will not retain positions that it
believes should be sold based on fundamental analysis of the underlying
company.</FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Question
9: Under what circumstances can the Managed Distribution Plan be terminated or
suspended?</B></FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Answer:
</B>The Managed Distribution Plan can be modified,
suspended, or terminated at any time by the Board, without any notice to or
approval by shareholders. Because the Managed Distribution Plan has been
implemented prior to receiving exemptive relief from Section 19(b) and Rule
19b-1 of the 1940 Act, its continuation without violating Section 19(b) and
Rule 19b-1 will be dependent on a number of factors over which the Fund has no
control. For this reason, the Fund has the flexibility to modify, suspend, or
terminate the Managed Distribution Plan immediately if the Board deems such
action to be in the best interests of the Fund and its shareholders. For
instance, the Board may modify, suspend, or terminate the Managed Distribution
Plan if the Plan has the effect of shrinking the Fund&#146;s assets to a level that
is determined to be detrimental to Fund shareholders. The suspension or
termination of the Managed Distribution Plan could have the effect of creating
a trading discount (if the Fund is trading at or above NAV) or widening an
existing trading discount.</FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Question
10: Are the managed distribution payments considered &#147;yield&#148;?</B></FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Answer:
</B>Not necessarily. You should not draw any conclusions
about the Fund&#146;s investment performance based on the magnitude of the distribution.
Yield is a measure of net investment income, relative to the share price, that
is distributed to the Fund&#146;s shareholders. A distribution of capital gains, for
example, is not considered net investment income. Neither is a return of
capital. Therefore, managed distributions consisting of capital gains and/or
return of capital do not result in a higher yield or a high yield fund.</FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Question
11: Will the Managed Distribution Plan result in any additional administrative
consequences or have tax effects for shareholders?</B></FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Answer:
</B>There would be an added recordkeeping obligation for
shareholders if at some point the distributions contain a return of capital
component. Return of capital is not taxable to shareholders in the year it is paid.
Rather, shareholders are required to reduce the cost basis of their shares by
the amount of the return of capital so that, when the shares are ultimately
sold, they will have properly accounted for the return of capital. Such an
adjustment may cause a shareholder&#146;s gain to be greater, or loss to be smaller,
depending on the sales proceeds received. For example, assume a shareholder
bought shares in the Fund for $10.00 per share and then received dividends from
the Fund that included $1.00 per share of return of capital. At that point, the
cost basis should be adjusted down to $9.00 per share. If the shareholder
subsequently sells the shares for $10.50 each, the gain is $1.50 per share,
taxed at the long-term capital gains tax rate. Essentially, a return of capital
defers shareholders&#146; tax liability until the shares are sold. Shareholders who
hold their shares in non-taxable accounts such as IRAs will not need to make
any adjustments in the cost basis.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>34</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4><P ALIGN=LEFT STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other
tax effects of the Plan are minimal. As described in the answers to Questions
2, 3, and 7 above, if the Fund has net realized long-term capital gains and a
tax loss carryforward position, as has been the case over the past few years,
distributions of those gains are treated as ordinary income to shareholders and
taxed at the ordinary income tax rate under the Internal Revenue Code. However,
a long-term capital gains distribution, regardless of whether it is disbursed
monthly or once annually, will be taxed at the long-term capital gain tax rate
under the Internal Revenue Code.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
foregoing is not intended to be a complete discussion of the tax consequences
of the Managed Distribution Plan and shareholders are urged to seek their own
professional tax advice regarding this matter. The Fund will send you a Form
1099-DIV following the end of each calendar year that will tell you how to
report Fund distributions for federal income tax purposes.</FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Question
12: Why do shareholders receive a 19(a) Notice?</B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section
19(a) of the 1940 Act provides that if a registered investment company&#146;s
distributions are composed of a source other than net income earned on the
underlying holdings, the distribution must be accompanied by a written
statement (a &#147;19(a) Notice&#148;) that adequately discloses the sources of the
distribution. Net realized short-and long-term capital gains and return of
capital are examples of other sources from which the Fund&#146;s distribution may be
paid. Therefore, in accordance with the 1940 Act, the Fund provides a 19(a)
Notice to shareholders, detailing the proportion of the distribution
represented by net investment income, net realized short-and/or long-term
capital gains, and return of capital, as pertinent to the period covered by the
distribution.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Because
the 19(a) Notice would alert shareholders if at some point distributions
contain a return of capital, it would also alert shareholders that they might
have a record keeping obligation (as discussed in Question 11). It is important
for shareholders to understand that the calculations in the 19(a) Notice are
based on Generally Accepted Accounting Principles (GAAP); on the other hand,
the tax characteristics of distributions detailed on the 1099-DIV form that
shareholders receive after the end of a calendar year are based on the Internal
Revenue Code, which may or may not be equivalent to the GAAP treatment.
Shareholders are urged to seek their own professional tax advice regarding this
distinction.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
19(a) Notice also assists you in understanding the Fund&#146;s yield and return
characteristics. You should not draw any conclusions about the Fund&#146;s
investment performance simply based on the magnitude of the distribution. Yield
is a measure of net investment income, relative to the share price, that is
distributed to the Fund&#146;s shareholders. A distribution of capital gains, for
example, is not considered net investment income. Neither is a return of
capital. Therefore, managed distributions consisting of capital gains and/or
return of capital do not result in a higher yield or a high yield fund.</FONT></P>

<P><FONT SIZE=2><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Question
13: Will additional information be available to shareholders?</B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Yes.
Current information about the Managed Distribution Plan will be included in the
Fund&#146;s quarterly reports to shareholders and will be posted on the Fund&#146;s
website, <u>http://www.dnpselectincome.com</u>. Through these channels, shareholders
will be kept informed of any decision by the SEC regarding the Fund&#146;s request
for an exemptive order and any actions taken by the Board of Directors to
modify, suspend or terminate the Plan.</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>35</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4><P ALIGN=LEFT STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>

<P ALIGN=CENTER><FONT SIZE=2>(This page intentionally left blank)</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4><P ALIGN=LEFT STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<BR>

<TABLE ALIGN=CENTER  BORDER=0 CELLSPACING=0 CELLPADDING=0 width=100%>
<TR style="font-size:1px" >
<TD WIDTH="50%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
<TD WIDTH="50%" VALIGN=TOP>
<P>&nbsp;</P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=3><B>Board of Directors</B></FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=3><B>DNP Select</B></FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=3><B>Income Fund Inc.</B></FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT FACE=ARIAL SIZE=2>FRANCIS E. JEFFRIES</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT FACE=ARIAL SIZE=2>Chairman</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT FACE=ARIAL SIZE=2>Common stock listed on the
  New York</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT FACE=ARIAL SIZE=2>Stock Exchange under the
  symbol DNP</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT FACE=ARIAL SIZE=2>NANCY LAMPTON</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT FACE=ARIAL SIZE=2>Vice Chairman</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT FACE=ARIAL SIZE=2>55 East Monroe Street,
  Suite 3600</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT FACE=ARIAL SIZE=2>Chicago, Illinois 60603</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT FACE=ARIAL SIZE=2>STEWART E. CONNER</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT FACE=ARIAL SIZE=2>(312) 368-5510</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT FACE=ARIAL SIZE=2>CONNIE K. DUCKWORTH</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT FACE=ARIAL SIZE=2><B>Shareholder
  inquiries please contact:</B></FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT FACE=ARIAL SIZE=2>ROBERT J. GENETSKI</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT FACE=ARIAL SIZE=2><B>Transfer
  Agent,</B></FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT FACE=ARIAL SIZE=2><B>Dividend
  Disbursing</B></FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT FACE=ARIAL SIZE=2>CHRISTIAN H. POINDEXTER</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT FACE=ARIAL SIZE=2><B>Agent and
  Custodian</B></FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT FACE=ARIAL SIZE=2>CARL F. POLLARD</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT FACE=ARIAL SIZE=2><B>The Bank
  of New York</B></FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT FACE=ARIAL SIZE=2><B>Shareholder
  Relations</B></FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT FACE=ARIAL SIZE=2>DAVID J. VITALE</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT FACE=ARIAL SIZE=2><B>Church
  Street Station</B></FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT FACE=ARIAL SIZE=2><B>P.O. Box
  1258</B></FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT FACE=ARIAL SIZE=2><B>New York,
  New York 10286-1258</B></FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT FACE=ARIAL SIZE=2><B>(877)
  381-2537</B></FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT FACE=ARIAL SIZE=2>Investment Adviser</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT FACE=ARIAL SIZE=2>Duff &amp; Phelps
  Investment</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT FACE=ARIAL SIZE=2>Management Co.</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=3><B>Officers</B></FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT FACE=ARIAL SIZE=2>55 East Monroe Street</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT FACE=ARIAL SIZE=2>Chicago, Illinois 60603</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT FACE=ARIAL SIZE=2>NATHAN I. PARTAIN, CFA</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT FACE=ARIAL SIZE=2>President, Chief Executive
  Officer and</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT FACE=ARIAL SIZE=2>Administrator</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT FACE=ARIAL SIZE=2>Chief Investment Officer</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT FACE=ARIAL SIZE=2>J.J.B. Hilliard W.L. Lyons,
  Inc.</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT FACE=ARIAL SIZE=2>T. BROOKS BEITTEL, CFA</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT FACE=ARIAL SIZE=2>500 West Jefferson Street</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT FACE=ARIAL SIZE=2>Senior Vice President and
  Secretary</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT FACE=ARIAL SIZE=2>Louisville, Kentucky 40202</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT FACE=ARIAL SIZE=2>(888) 878-7845</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT FACE=ARIAL SIZE=2>JOSEPH C. CURRY, JR.</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT FACE=ARIAL SIZE=2>Senior Vice President and
  Treasurer</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT FACE=ARIAL SIZE=2>Legal Counsel</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT FACE=ARIAL SIZE=2><BR>Mayer Brown, Rowe &amp; Maw
  LLP</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT FACE=ARIAL SIZE=2>JOYCE B. RIEGEL</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT FACE=ARIAL SIZE=2>71 South Wacker Drive</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT FACE=ARIAL SIZE=2>Chief Compliance Officer</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT FACE=ARIAL SIZE=2>Chicago, Illinois 60606</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT FACE=ARIAL SIZE=2>MICHAEL SCHATT</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT FACE=ARIAL SIZE=2>Independent Registered
  Public Accounting Firm</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT FACE=ARIAL SIZE=2>Senior Vice President</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT SIZE=1>&nbsp;</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT FACE=ARIAL SIZE=2>Ernst &amp; Young LLP</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT FACE=ARIAL SIZE=2>DIANNA P. WENGLER</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT FACE=ARIAL SIZE=2>233 South Wacker Drive</FONT></P>
</TD>
</TR>
<TR>
<TD VALIGN=TOP>
<P><FONT FACE=ARIAL SIZE=2>Vice President and
  Assistant Secretary</FONT></P>
</TD>
<TD VALIGN=TOP>
<P><FONT FACE=ARIAL SIZE=2>Chicago, Illinois 60606</FONT></P>
</TD>
</TR>
</TABLE>
<BR>

<HR noshade  width="100%" size=4>

<P style="page-break-before:always"></P><PAGE>
<A name="page_3"></A>

<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
  <TR valign="bottom">
    <TD width="8%" align=left><FONT size=2 face="serif">ITEM 2.</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="91%" align=center><div align="left"><FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CODE OF ETHICS.</FONT></div></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=center><P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font size=2 face="serif">As of the end of the period covered by this report, the registrant has adopted a Code of Business Conduct and Ethics that applies to the registrant&#146;s principal executive officer and principal financial officer. The registrant&#146;s principal financial officer also performs the functions of principal accounting officer.</FONT>
</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=center>
    <div align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font size=2 face="serif">The text of the registrant&#146;s Code of Business Conduct and Ethics is posted on the registrant&#146;s web site at http://www.dnpselectincome.com. In the event that the registrant makes any amendment to or grants any waiver from the provisions of its Code of Business Conduct and Ethics, the registrant intends to disclose such amendment or waiver on its web site within five business days.</font></div></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=center><div align="left"></div></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left><FONT size=2 face="serif">ITEM 3.</FONT></TD>
    <TD>&nbsp;</TD>
    <TD align=center><div align="left"><FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AUDIT COMMITTEE FINANCIAL EXPERT.</FONT></div></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=center><div align="left"><FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The registrant&#146;s board of directors has determined that two members of its audit committee, Christian H. Poindexter and Carl F. Pollard, are audit committee financial experts and that each of them is &#147;independent&#148; for purposes of this Item.</FONT></div></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=center><div align="left"></div></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left><FONT size=2 face="serif">ITEM 4.</FONT></TD>
    <TD>&nbsp;</TD>
    <TD align=center><div align="left"><FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PRINCIPAL ACCOUNTANT FEES AND SERVICES.</FONT></div></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=center>
    <div align="left"><font size=2 face="serif">The information required by this Item is incorporated by reference from the section captioned &#147;Audit and Non-Audit Fees&#148; in the registrant&#146;s definitive proxy statement filed within 120 days after the end of the fiscal year covered by this report. </font></div></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left><FONT size=2 face="serif">ITEM 5.</FONT></TD>
    <TD>&nbsp;</TD>
    <TD align=center><div align="left"><font size=2 face="serif"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AUDIT COMMITTEE OF LISTED REGISTRANTS.</font></div></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=center><div align="left"><FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The registrant has a separately-designated standing audit committee established in accordance with Section 3(a)(58)(A) of the Securities Exchange Act of 1934 (the &#147;Exchange Act&#148;). The members of the committee are Connie K. Duckworth, Robert J. Genetski, Christian H. Poindexter and Carl F. Pollard.</FONT></div></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left><FONT size=2 face="serif">ITEM 6.</FONT></TD>
    <TD>&nbsp;</TD>
    <TD align=center><div align="left"><FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SCHEDULE OF INVESTMENTS</FONT></div></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=center><div align="left"><font size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Included as part of the report to shareholders filed under Item 1 of this Form.</font></div></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
	<TD align=left>
<FONT size=2 face="serif">ITEM 7.</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=center>      <div align="left"><FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES</FONT>
        </div></TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=center>      <div align="left"><FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.</FONT>
        </div></TD>
</TR>
<TR>
	<TD colspan=3>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=center>
      <center>
        <B><FONT size=2 face="serif">PROXY VOTING POLICIES AND PROCEDURES</FONT></B>
    </center></TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=center>
      <center>
        <B><FONT size=2 face="serif">Adopted May 13, 2003</FONT></B>
    </center></TD>
</TR>
</TABLE>
<BR>
<TABLE border=0 cellspacing=0 cellpadding=0>
<TR>
	<TD width="1%" valign=top nowrap>
<FONT size=2 face="serif">I.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=100% colspan=2>
<B><I><FONT size=2 face="serif">Definitions</FONT></I></B><B><FONT size=2 face="serif">. </FONT></B><FONT size=2 face="serif">As used in these Policies and Procedures, the following terms shall have the meanings ascribed below:</FONT>	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD width="1%">&nbsp;</TD>
<TD width="5%" valign=top nowrap>
<FONT size=2 face="serif">A.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=94%>
<FONT size=2 face="serif">&#147;Adviser&#148; refers to Duff &amp; Phelps Investment Management Co. (&#147;DPIM&#148;).</FONT>	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD width="1%">&nbsp;</TD>
<TD width="5%" valign=top nowrap>
<FONT size=2 face="serif">B.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=94%>
<FONT size=2 face="serif">&#147;corporate governance matters&#148; refers to changes involving the corporate ownership or structure of an issuer whose securities are within a portfolio holding, including changes in the state of incorporation,
changes in capital structure, including increases and decreases of capital and preferred stock issuance, mergers and other corporate restructurings, and</FONT>	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR></TABLE>

<HR noshade  width="100%" size=4>

<P style="page-break-before:always"></P><PAGE>
<A name="page_4"></A>

<TABLE border=0 cellspacing=0 cellpadding=0>
<TR>
<TD width="1%">&nbsp;</TD>
<TD width=5%>&nbsp;</TD>
<TD width=94%><FONT size=2 face="serif">anti-takeover provisions such as staggered boards, poison pills, and supermajority voting provisions.</FONT> </TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD width="1%">&nbsp;</TD>
<TD width="5%" valign=top nowrap>
<FONT size=2 face="serif">C.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=94%>
<FONT size=2 face="serif">&#147;Delegate&#148; refers to the Adviser, any proxy committee to which the Adviser delegates its responsibilities hereunder and any qualified, independent organization engaged by the Adviser to vote proxies on behalf of
the Fund.</FONT>	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD width="1%">&nbsp;</TD>
<TD width="5%" valign=top nowrap>
<FONT size=2 face="serif">D.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=94%>
<FONT size=2 face="serif">&#147;executive compensation matters&#148; refers to stock option plans and other executive compensation issues.</FONT>	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD width="1%">&nbsp;</TD>
<TD width="5%" valign=top nowrap>
<FONT size=2 face="serif">E.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=94%>
<FONT size=2 face="serif">&#147;Fund&#148; refers to DNP Select Income Fund Inc.</FONT>	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD width="1%">&nbsp;</TD>
<TD width="5%" valign=top nowrap>
<FONT size=2 face="serif">F.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=94%>
<FONT size=2 face="serif">&#147;portfolio holding&#148; refers to any company or entity whose securities are held within the investment portfolio of the Fund as of the date a proxy is solicited.</FONT>	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD width="1%">&nbsp;</TD>
<TD width="5%" valign=top nowrap>
<FONT size=2 face="serif">G.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=94%>
<FONT size=2 face="serif">&#147;proxy contests&#148; refer to any meeting of shareholders of an issuer for which there are at least two sets of proxy statements and proxy cards, one solicited by management and the others by a dissident or group of
dissidents.</FONT>	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD width="1%">&nbsp;</TD>
<TD width="5%" valign=top nowrap>
<FONT size=2 face="serif">H.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=94%>
<FONT size=2 face="serif">&#147;social issues&#148; refers to social, political and environmental issues.</FONT>	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD width="1%">&nbsp;</TD>
<TD width="5%" valign=top nowrap>
<FONT size=2 face="serif">I.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=94%>
<FONT size=2 face="serif">&#147;takeover&#148; refers to &#147;hostile&#148; or &#147;friendly&#148; efforts to effect radical change in the voting control of the board of directors of a company.</FONT>	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
	<TD width="1%" valign=top nowrap>
<FONT size=2 face="serif">II.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=100% colspan=2>
<B><I><FONT size=2 face="serif">General policy</FONT></I></B><I><FONT size=2 face="serif">. </FONT></I><FONT size=2 face="serif">It is the intention of the Fund to exercise stock ownership rights in portfolio holdings in a manner that is reasonably
anticipated to further the best economic interests of shareholders of the Fund. Accordingly, the Fund or its Delegate(s) shall endeavor to analyze and vote all proxies that are considered likely to have financial implications, and, where
appropriate, to participate in corporate governance, shareholder proposals, management communications and legal proceedings. The Fund and its Delegate(s) must also identify potential or actual conflicts of interests in voting proxies and address any
such conflict of interest in accordance with these Policies and Procedures.</FONT>	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
	<TD width="1%" valign=top nowrap>
<FONT size=2 face="serif">III.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=100% colspan=2>
<B><I><FONT size=2 face="serif">Factors to consider when voting</FONT></I></B><FONT size=2 face="serif">.</FONT>	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD width="1%">&nbsp;</TD>
<TD width="5%" valign=top nowrap>
<FONT size=2 face="serif">A.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=94%>
<FONT size=2 face="serif">The Delegate may abstain from voting when it concludes that the effect on shareholders&#146; economic interests or the value of the portfolio holding is indeterminable or insignificant.</FONT>	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD width="1%">&nbsp;</TD>
<TD width="5%" valign=top nowrap>
<FONT size=2 face="serif">B.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=94%>
<FONT size=2 face="serif">In analyzing </FONT><B><FONT size=2 face="serif">anti-takeover measures</FONT></B><FONT size=2 face="serif">, the Delegate shall vote on a case-by-case basis taking into consideration such factors as overall long-term
financial performance of the target company relative to its industry competition. Key measures which shall be considered include, without limitation, five-year annual compound growth rates for sales, operating income, net income, and total
shareholder returns (share price appreciation plus dividends). Other financial indicators that will be considered include margin analysis, cash flow, and debt levels.</FONT>	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD width="1%">&nbsp;</TD>
<TD width="5%" valign=top nowrap>
<FONT size=2 face="serif">C.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=94%>
<FONT size=2 face="serif">In analyzing </FONT><B><FONT size=2 face="serif">proxy contests for control</FONT></B><FONT size=2 face="serif">, the Delegate shall vote on a case-by-case basis taking into consideration such factors as long-term financial
performance of the target company relative to its industry; management&#146;s track record; background to the proxy contest; qualifications of director nominees (both slates); evaluation of what each side is offering shareholders as well as the
likelihood that the proposed objectives and goals can be met; and stock ownership positions.</FONT>	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD width="1%">&nbsp;</TD>
<TD width="5%" valign=top nowrap>
<FONT size=2 face="serif">D.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=94%>
<FONT size=2 face="serif">In analyzing </FONT><B><FONT size=2 face="serif">contested elections for director</FONT></B><FONT size=2 face="serif">, the Delegate shall vote on a case-by-case basis taking into consideration such factors as the
qualifications of all director nominees.</FONT>	<font size=2 face="serif">The Delegate shall also consider the independence and attendance record of board and</font> </TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD width="1%">&nbsp;</TD>
<TD width="5%">&nbsp;</TD>
<TD width=94%>&nbsp;
</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR></TABLE>

<HR noshade  width="100%" size=4>

<P style="page-break-before:always"></P><PAGE>
<A name="page_5"></A>

<TABLE border=0 cellspacing=0 cellpadding=0>
<TR>
<TD width="1%">&nbsp;</TD>
<TD width=5%>&nbsp;</TD>
<TD width=94%><FONT size=2 face="serif">key committee members. A review of the corporate governance profile shall be completed highlighting entrenchment devices that may reduce accountability.</FONT> </TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD width="1%">&nbsp;</TD>
<TD width="5%" valign=top nowrap>
<FONT size=2 face="serif">E.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=94%>
<FONT size=2 face="serif">In analyzing </FONT><B><FONT size=2 face="serif">corporate governance matters</FONT></B><FONT size=2 face="serif">, the Delegate shall vote on a case-by-case basis taking into consideration such factors as tax and economic
benefits associated with amending an issuer&#146;s state of incorporation, dilution or improved accountability associated with changes in capital structure, management proposals to require a supermajority shareholder vote to amend charters and
bylaws and bundled or &#147;conditioned&#148; proxy proposals.</FONT>	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD width="1%">&nbsp;</TD>
<TD width="5%" valign=top nowrap>
<FONT size=2 face="serif">F.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=94%>
<FONT size=2 face="serif">In analyzing </FONT><B><FONT size=2 face="serif">executive compensation matters</FONT></B><FONT size=2 face="serif">, the Delegate shall vote on a case-by-case basis taking into consideration such factors as executive pay
and spending on perquisites, particularly in conjunction with sub-par performance and employee layoffs.</FONT>	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD width="1%">&nbsp;</TD>
<TD width="5%" valign=top nowrap>
<FONT size=2 face="serif">G.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=94%>
<FONT size=2 face="serif">The Delegate shall generally vote against shareholder proposals on </FONT><B><FONT size=2 face="serif">social issues, </FONT></B><FONT size=2 face="serif">except where the Delegate determines that a different position would
be in the clear economic interests of the Fund and its shareholders.</FONT>	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
	<TD width="1%" valign=top nowrap>
<FONT size=2 face="serif">IV.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=100% colspan=2>
<B><I><FONT size=2 face="serif">Responsibilities of Delegates</FONT></I></B><FONT size=2 face="serif">.</FONT>	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD width="1%">&nbsp;</TD>
<TD width="5%" valign=top nowrap>
<FONT size=2 face="serif">A.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=94%>
<FONT size=2 face="serif">In voting proxies on behalf of the Fund, each Delegate shall have a duty of care to safeguard the best interests of the Fund and its shareholders and to act in accordance with these Policies and Procedures.</FONT>	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD width="1%">&nbsp;</TD>
<TD width="5%" valign=top nowrap>
<FONT size=2 face="serif">B.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=94%>
<FONT size=2 face="serif">The Adviser may delegate its responsibilities hereunder to a proxy committee established from time to time by the Adviser and may engage one or more qualified, independent organizations to vote proxies on behalf of the
Fund. The Adviser shall be responsible for the ensuring that any such Delegate is informed of and complies with these Policies and Procedures.</FONT>	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD width="1%">&nbsp;</TD>
<TD width="5%" valign=top nowrap>
<FONT size=2 face="serif">C.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=94%>
<FONT size=2 face="serif">No Delegate shall accept direction or inappropriate influence from any other client or third party, or from any director, officer or employee of any affiliated company, and shall not cast any vote inconsistent with these
Policies and Procedures without obtaining the prior approval of the Board of Directors of the Fund or its duly authorized representative.</FONT>	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
	<TD width="1%" valign=top nowrap>
<FONT size=2 face="serif">V.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=100% colspan=2>
<B><I><FONT size=2 face="serif">Conflicts of interest</FONT></I></B>	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD width="1%">&nbsp;</TD>
<TD width="5%" valign=top nowrap>
<FONT size=2 face="serif">A.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=94%>
<FONT size=2 face="serif">The Fund and its Delegate(s) seek to avoid actual or perceived conflicts of interest in the voting of proxies for portfolio holdings between the interests of Fund shareholders, on the one hand, and those of the Adviser or
any affiliated person of the Fund or the Adviser, on the other hand. The Board of Directors may take into account a wide array of factors in determining whether such a conflict exists, whether such conflict is material in nature, and how to properly
address or resolve the same.</FONT>	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD width="1%">&nbsp;</TD>
<TD width="5%" valign=top nowrap>
<FONT size=2 face="serif">B.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=94%>
<FONT size=2 face="serif">While each conflict situation varies based on the particular facts presented and the requirements of governing law, the Board of Directors or its duly authorized representative may take the following actions, among others,
or otherwise give weight to the following factors, in addressing material conflicts of interest in voting (or directing Delegates to vote) proxies pertaining to portfolio holdings: (i) vote pursuant to the recommendation of the proposing Delegate;
(ii) abstain from voting; or (iii) rely on the recommendations of an established, independent third party with qualifications to vote proxies, such as Institutional Shareholder Services.</FONT>	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD width="1%">&nbsp;</TD>
<TD width="5%" valign=top nowrap>
<FONT size=2 face="serif">C.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=94%>
<FONT size=2 face="serif">The Adviser shall promptly notify the Board of Directors of the Fund promptly after becoming aware that any actual or potential conflict of interest exists and shall seek the Board of Directors&#146; recommendations for
protecting the best interests of Fund&#146;s</FONT>	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR></TABLE>
<HR noshade  width="100%" size=4>

<P style="page-break-before:always"></P><PAGE>
<A name="page_6"></A>

<TABLE border=0 cellspacing=0 cellpadding=0>
<TR>
<TD width="1%">&nbsp;</TD>	<TD width=5%>&nbsp;</TD>
<TD width=94%><FONT size=2 face="serif">shareholders. The Adviser shall not waive any conflict of interest or vote any conflicted proxies without the prior written approval of the Board of Directors or its duly authorized representative.</FONT> </TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
	<TD width="1%" valign=top nowrap>
<FONT size=2 face="serif">VI.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=100% colspan=2>
<B><I><FONT size=2 face="serif">Miscellaneous.</FONT></I></B>	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD width="1%">&nbsp;</TD>	<TD width="5%" valign=top nowrap>
<FONT size=2 face="serif">A.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=94%>
<FONT size=2 face="serif">A copy of the current Proxy Voting Policies and Procedures and the voting records for the Fund, reconciling proxies with portfolio holdings and recording proxy voting guideline compliance and justification, shall be kept in
an easily accessible place and available for inspection either physically or through electronic posting on an approved website.</FONT>	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD width="1%">&nbsp;</TD>	<TD width="5%" valign=top nowrap>
<FONT size=2 face="serif">B.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=94%>
<FONT size=2 face="serif">In the event that a determination, authorization or waiver under these Policies and Procedures is requested at a time other than a regularly scheduled meeting of the Board of Directors, the Chairman of the Audit Committee
shall be the duly authorized representative of the Board of Directors with the authority and responsibility to interpret and apply these Policies and Procedures and shall provide a report of his or her determinations at the next following meeting of
the Board of Directors.</FONT>	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD width="1%">&nbsp;</TD>	<TD width="5%" valign=top nowrap>
<FONT size=2 face="serif">C.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=94%>
<FONT size=2 face="serif">The Adviser shall present a report of any material deviations from this Statement of Policy at every regularly scheduled meeting of the Board of Directors and shall provide such other reports as the Board of Directors may
request from time to time. The Adviser shall provide to the Fund or any shareholder a record of its effectuation of proxy voting pursuant to this Statement of Policy at such times and in such format or medium as the Fund shall reasonably request.
The Adviser shall be solely responsible for complying with the disclosure and reporting requirements under applicable laws and regulations, including, without limitation, Rule 206(4)-6 under the Investment Advisers Act of 1940.</FONT>	<font size=2 face="serif">The Adviser shall gather, collate and present information relating to the its proxy voting activities of those of each Delegate in such format and medium as the Fund shall determine from time to time in order for the Fund to discharge its disclosure and reporting obligations pursuant to Rule 30b1-4 under the Investment Company Act of 1940, as amended.</font> </TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD width="1%">&nbsp;</TD>	<TD width="5%" valign=top nowrap>
<FONT size=2 face="serif">D.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=94%>
<FONT size=2 face="serif">The Adviser shall pay all costs associated with proxy voting for portfolio holdings pursuant to these Policies and Procedures and assisting the Fund in providing public notice of the manner in which such proxies were
voted.</FONT>	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD width="1%">&nbsp;</TD>	<TD width="5%" valign=top nowrap>
<FONT size=2 face="serif">E.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=94%>
<FONT size=2 face="serif">In performing its duties hereunder, any Delegate may engage the services of a research and/or voting adviser, the cost of which shall be borne by such Delegate.</FONT>	</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR><TR>
<TD width="1%">&nbsp;</TD>	<TD width="5%" valign=top nowrap>
<FONT size=2 face="serif">F.</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=94%>
<FONT size=2 face="serif">These Policies and Procedures shall be presented to the Board of Directors annually for their amendment and/or approval.</FONT>	</TD>
</TR>
<TR>
  <TD colspan=3>&nbsp;</TD>
</TR>
<TR><TD colspan=3>&nbsp;</TD></TR></TABLE>
<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
<TR valign="bottom">
	<TD align=left width=8%>
<FONT size=2 face="serif">ITEM 8.</FONT>
	</TD>
	<TD width="92%" colspan="2">
      <FONT size=2 face="serif">PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES.</FONT>
	</TD>
  </TR>
</TABLE>


<P>
<U><FONT size=2 face="serif">The Fund&#146;s Portfolio Managers</FONT></U>
</P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">A team of investment professionals employed by Duff &amp; Phelps Investment Management Co., the Fund&#146;s investment adviser (the &#147;Adviser&#148;), is responsible for the day-to-day
management of the Fund&#146;s portfolio. The members of that investment team and their respective areas of responsibility and expertise, as of March 2, 2007, are as follows: </FONT></P>


<HR noshade  width="100%" size=4>

<P style="page-break-before:always"></P><PAGE>
<A name="page_7"></A>

<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Nathan I. Partain, CFA, has led the Fund&#146;s portfolio management team since 1998 and has served on the Fund&#146;s portfolio management team since 1996. He has been President, Chief
Executive Officer and Chief Investment Officer of the Fund since February 2001 (Executive Vice President and Chief Investment Officer from 1998 to 2001). Mr. Partain has been President and Chief Investment Officer of the Adviser since April 2005
(Executive Vice President from 1997 to 2005), President and Chief Executive Officer of DTF Tax-Free Income Inc. (&#147;DTF&#148;) and Duff &amp; Phelps Utility and Corporate Bond Trust Inc. (&#147;DUC&#148;), two other closed-end utilities oriented
funds, since February 2004, and lead portfolio manager of Phoenix Global Utilities Fund (&#147;PGU&#148;), an open-end utilities oriented fund, since October 2004. Mr. Partain has final investment authority with respect to the Fund&#146;s entire
investment portfolio. He joined the Duff &amp; Phelps organization in 1987 and has served since then in positions of increasing responsibility. He is also a director of Otter Tail Corporation (since 1993). </FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">T. Brooks Beittel, CFA, has served on the Fund&#146;s portfolio management team and has been Secretary and a Senior Vice President of the Fund since January 1995 (Treasurer from January
1995 to September 2002). He has been Senior Vice President of the Adviser since 1993 (Vice President 1987-1993) and Secretary of DTF and DUC since May 2005. He is also a member of the portfolio management teams of DUC and PGU. Mr. Beittel
concentrates his research on fixed-income securities and has investment authority with respect to the Fund&#146;s fixed-income portfolio. He joined the Duff &amp; Phelps organization in 1987 and has served since then in positions of increasing
responsibility. </FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Michael Schatt has served on the Fund&#146;s portfolio management team since 1996 and has been a Senior Vice President of the Fund since April 1998 (Vice President from January 1997 to
April 1998). Mr. Schatt has been a Senior Vice President of the Adviser since January 1997 and was a Managing Director of Phoenix Investment Partners from 1994 to 1996. Mr. Schatt concentrates his research on REIT securities and has investment
authority with respect to the Fund&#146;s REIT portfolio. He is also the senior portfolio manager for all REIT products managed by the Adviser. These products include the Phoenix Real Estate Securities Fund, the Phoenix Real Estate Securities Series
sub-account of the Phoenix Edge Series annuity products, Duff &amp; Phelps Real Estate Securities Trust and various separate accounts. Before joining the Duff &amp; Phelps organization in 1994, Mr. Schatt spent four years as a director of the Real
Estate Advisory Practice for Coopers &amp; Lybrand, LLC, advising foreign pension funds on the acquisition and disposition of U.S. real estate assets and assisting clients in evaluating public real estate investments as an alternative to private
real estate investments. Prior to joining Coopers &amp; Lybrand, he had 10 years&#146; experience in real estate finance. </FONT></P>

<HR noshade  width="100%" size=4>

<P style="page-break-before:always"></P><PAGE>
<A name="page_8"></A>

<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Deborah A. Jansen, CFA, has served on the Fund&#146;s portfolio management team and has been a Senior Vice President of the Adviser since January 2001. She is also a member of the
portfolio management team of PGU. Ms. Jansen concentrates her research on the global electric and natural gas industries and makes recommendations to Mr. Partain with regard to equity investments in those industries. Prior to joining the Adviser in
2001, Ms. Jansen was a Senior Vice President, Principal and Equity Portfolio Manager at Stein Roe and Farnham, Inc. from 1996 to 2000.</FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Connie M. Luecke, CFA, has served on the Fund&#146;s portfolio management team since 1996 and has been a Senior Vice President of the Adviser since January 1998 (Managing Director from
1996 to 1998). She is also a member of the portfolio management team of PGU. Ms. Luecke concentrates her research on the global telecommunications industries and makes recommendations to Mr. Partain with regard to equity investments in those
industries. She joined the Duff &amp; Phelps organization in 1992 and has served since then in positions of increasing responsibility. </FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Daniel J. Petrisko, CFA, has served on the Fund&#146;s portfolio management team since 2004 and has been a Senior Vice President of the Adviser since 1997 (Vice President from 1995 to
1997). He has been Chief Investment Officer of DUC, another closed-end utilities oriented fund, since February 2004 (Portfolio Manager from 2002 to 2004, Vice President since 2000). Mr. Petrisko assists Mr. Beittel with respect to the management of
the Fund&#146;s fixed-income portfolio. He joined the Duff &amp; Phelps organization in 1995 and has served since then in positions of increasing responsibility. </FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Randle L. Smith, CFA, has served on the Fund&#146;s portfolio management team since 1996 and has been a Senior Vice President of the Adviser since January 1998 (Managing Director from 1996
to 1998). He is also a member of the portfolio management team of PGU. Mr. Smith concentrates his research on the global electric and natural gas industries and makes recommendations to Mr. Partain with regard to equity investments in those
industries. He joined the Duff &amp; Phelps organization in 1990 and has served since then in positions of increasing responsibility.</FONT></P>
<P align="left">
<U><FONT size=2 face="serif">Other Accounts Managed by the Fund&#146;s Portfolio Managers</FONT></U><FONT size=2 face="sans-serif"> </FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">The following table provides information as of December 31, 2006 regarding the other accounts besides the Fund that are managed by the portfolio managers of the Fund. As noted in the table,
portfolio managers of the Fund may also manage or be members of management teams for other mutual funds within the same fund complex or other similar accounts. For purposes of this disclosure, the term &#147;fund complex&#148; includes the Fund and
all other investment companies advised by affiliates of Phoenix Investment Partners, </FONT></P>

<HR noshade  width="100%" size=4>

<P style="page-break-before:always"></P><PAGE>
<A name="page_9"></A>

<P align="left">
<FONT size=2 face="serif">Ltd. (&#147;PXP&#148;), the Adviser</FONT><FONT size=2 face="sans-serif">&#146;</FONT><FONT size=2 face="serif">s parent company. As of December 31, 2006, the Fund&#146;s portfolio managers did not manage any accounts with
respect to which the advisory fee is based on the performance of the account, nor do they manage any hedge funds.</FONT><FONT face="sans-serif"> </FONT></P>
<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
<TR valign="bottom">
	<TD width=16% align=left>&nbsp;

	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD align=left colspan=6>

 <center>
   <B><FONT size=1 face="serif">Registered Investment</FONT></B>
    </center></TD>
	<TD  width=2%>
	  <center>
    </center></TD>
	<TD align=center colspan=4>
      <center>
        <B><FONT size=1 face="serif">Other Pooled Investment</FONT></B>
      </center></TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD width=10% align=left>&nbsp;

	</TD>
	<TD  width=2%>&nbsp;
	</TD>
	<TD width=7% align=left>&nbsp;

	</TD>
    <TD width=5% align=left>&nbsp;</TD>
  </TR>
<TR valign="bottom">
	<TD align=left>&nbsp;

	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=center colspan=6>
<B><FONT size=1 face="serif">Companies (1)</FONT></B>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD colspan="4" align=left>
      <center>
        <B><FONT size=1 face="serif">Vehicles (2)</FONT></B>
      </center></TD>
	<TD>&nbsp;
	</TD>
	<TD align=right colspan=4>
      <center>
        <B><FONT size=1 face="serif">Other Accounts (3)</FONT></B>
      </center></TD>
</TR>
<TR>
	<TD>
	</TD>
	<TD>
	</TD>
	<TD colspan=6>
<HR noshade size=1>
	</TD>
	<TD><HR align="center" size=1 noshade>
	</TD>
	<TD width="11%">
<HR noshade size=1>
	</TD>
	<TD width="2%"><HR align="center" size=1 noshade>
	</TD>
	<TD colspan="2">
<HR noshade size=1>
	</TD>
	<TD><HR align="center" size=1 noshade>
	</TD>
	<TD colspan=4>
<HR noshade size=1>
	</TD>
</TR>
<TR>
	<TD colspan=18>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD height="24" align=left>
<B><FONT size=1 face="serif">Name of</FONT></B>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD width=10% align=center>
<B><FONT size=1 face="serif">Number of</FONT></B>
	</TD>
	<TD  width=2%>&nbsp;</TD>
	<TD colspan="4">
      <center>
        <B><FONT size=1 face="serif">Total Assets</FONT></B>
      </center></TD>
	<TD>&nbsp;
	</TD>
	<TD width="11%" align=center>
<B><FONT size=1 face="serif">Number of</FONT></B>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD colspan="2" align=center>
<B><FONT size=1 face="serif">Total Assets</FONT></B>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=center>
<B><FONT size=1 face="serif">Number of</FONT></B>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD colspan="2" align=center>
<B><FONT size=1 face="serif">Total Assets</FONT></B>
	</TD>
  </TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=1 face="serif">Portfolio Manager</FONT></B>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=center>
<B><FONT size=1 face="serif">Accounts</FONT></B>
	</TD>
	<TD>&nbsp;</TD>
	<TD colspan="4">
      <center>
        <B><FONT size=1 face="serif">(in millions)</FONT></B>
      </center></TD>
	<TD>&nbsp;
	</TD>
	<TD width="11%" align=center>
<B><FONT size=1 face="serif">Accounts</FONT></B>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD colspan="2" align=center>
<B><FONT size=1 face="serif">(in millions)</FONT></B>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=center>
<B><FONT size=1 face="serif">Accounts</FONT></B>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD colspan="2" align=center>
<B><FONT size=1 face="serif">(in millions)</FONT></B>
	</TD>
  </TR>
<TR>
	<TD>
<HR noshade size=1>
	</TD>
	<TD><HR align="center" size=1 noshade>
	</TD>
	<TD>
<HR noshade size=1>
	</TD>
	<TD><HR align="center" size=1 noshade></TD>
	<TD colspan="4">
      <HR align="center" size=1 noshade>
	</TD>
	<TD><HR align="center" size=1 noshade>
	</TD>
	<TD width="11%">
<HR noshade size=1>
	</TD>
	<TD><HR align="center" size=1 noshade>
	</TD>
	<TD colspan="2">
<HR noshade size=1>
	</TD>
	<TD><HR align="center" size=1 noshade>
	</TD>
	<TD>
<HR noshade size=1>
	</TD>
	<TD><HR align="center" size=1 noshade>
	</TD>
	<TD colspan="2">
<HR noshade size=1>
	</TD>
  </TR>
<TR>
	<TD colspan=18>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="serif">Nathan I. Partain</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=center>
<FONT size=1 face="serif">1</FONT>
	</TD>
	<TD>&nbsp;</TD>
	<TD  width=1%>&nbsp;
	</TD>
	<TD width=2% align=left> <div align="right"><FONT size=1 face="serif">&#36;</FONT>
    </div></TD>
	<TD width=2% align=right>
<FONT size=1 face="serif">32.3</FONT>
	</TD>
	<TD width=3% align=right>&nbsp;</TD>
	<TD>&nbsp;
	</TD>
	<TD width="11%" align=center>
<FONT size=1 face="serif">0</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD width="6%" align=center>
      <div align="right"><FONT size=1 face="serif">&#151;</FONT>
      </div></TD>
	<TD width="5%" align=center>&nbsp;</TD>
	<TD>&nbsp;
	</TD>
	<TD align=center>
<FONT size=1 face="serif">0</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=right>
<FONT size=1 face="serif">&#151;</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
  </TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="serif">T. Brooks Beittel</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=center>
<FONT size=1 face="serif">2</FONT>
	</TD>
	<TD>&nbsp;</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left>
      <div align="right"><FONT size=1 face="serif">&#36;</FONT>
      </div></TD>
	<TD align=right>
<FONT size=1 face="serif">546.3</FONT>
	</TD>
	<TD align=right>&nbsp;</TD>
	<TD>&nbsp;
	</TD>
	<TD width="11%" align=center>
<FONT size=1 face="serif">0</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=center>
      <div align="right"><FONT size=1 face="serif">&#151;</FONT>
      </div></TD>
	<TD align=center>&nbsp;</TD>
	<TD>&nbsp;
	</TD>
	<TD align=center>
<FONT size=1 face="serif">0</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=right>
<FONT size=1 face="serif">&#151;</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
  </TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="serif">Michael Schatt</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=center>
<FONT size=1 face="serif">2</FONT>
	</TD>
	<TD>&nbsp;</TD>
	<TD>&nbsp;
	</TD>
	<TD align=right>
      <div align="right"><FONT size=1 face="serif">&#36;</FONT>
    </div></TD>
	<TD align=right><font size=1 face="serif">1,651.1</font></TD>
	<TD align=right>&nbsp;</TD>
	<TD>&nbsp;
	</TD>
	<TD width="11%" align=center>
<FONT size=1 face="serif">1</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=right>      <div align="right"><FONT size=1 face="serif">&#36;54.8</font>
        </div>
    </div></TD>
	<TD align=right>&nbsp;</TD>
	<TD>&nbsp;
	</TD>
	<TD align=center>
<FONT size=1 face="serif">10</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=right>
<FONT size=1 face="serif">&#36;365.3</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
  </TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="serif">Deborah A. Jansen</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=center>
<FONT size=1 face="serif">1</FONT>
	</TD>
	<TD>&nbsp;</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left> <div align="right"><FONT size=1 face="serif">&#36;</FONT>
    </div></TD>
	<TD align=right>
<FONT size=1 face="serif">32.3</FONT>
	</TD>
	<TD align=right>&nbsp;</TD>
	<TD>&nbsp;
	</TD>
	<TD width="11%" align=center>
<FONT size=1 face="serif">0</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=center>
      <div align="right"><FONT size=1 face="serif">&#151;</FONT>
      </div></TD>
	<TD align=center>&nbsp;</TD>
	<TD>&nbsp;
	</TD>
	<TD align=center>
<FONT size=1 face="serif">0</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=right>
<FONT size=1 face="serif">&#151;</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
  </TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="serif">Connie M. Luecke</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=center>
<FONT size=1 face="serif">1</FONT>
	</TD>
	<TD>&nbsp;</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left> <div align="right"><FONT size=1 face="serif">&#36;</FONT>
    </div></TD>
	<TD align=right>
<FONT size=1 face="serif">32.3</FONT>
	</TD>
	<TD align=right>&nbsp;</TD>
	<TD>&nbsp;
	</TD>
	<TD width="11%" align=center>
<FONT size=1 face="serif">0</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=center>
      <div align="right"><FONT size=1 face="serif">&#151;</FONT>
      </div></TD>
	<TD align=center>&nbsp;</TD>
	<TD>&nbsp;
	</TD>
	<TD align=center>
<FONT size=1 face="serif">0</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=right>
<FONT size=1 face="serif">&#151;</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
  </TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="serif">Daniel J. Petrisko</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=center>
<FONT size=1 face="serif">1</FONT>
	</TD>
	<TD>&nbsp;</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left> <div align="right"><FONT size=1 face="serif">&#36;</FONT>
    </div></TD>
	<TD align=right>
<FONT size=1 face="serif">514.1</FONT>
	</TD>
	<TD align=right>&nbsp;</TD>
	<TD>&nbsp;
	</TD>
	<TD width="11%" align=center>
<FONT size=1 face="serif">0</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=center>
      <div align="right"><FONT size=1 face="serif">&#151;</FONT>
      </div></TD>
	<TD align=center>&nbsp;</TD>
	<TD>&nbsp;
	</TD>
	<TD align=center>
<FONT size=1 face="serif">9</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=right>
<FONT size=1 face="serif">&#36;1,532.6</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
  </TR>
<TR valign="bottom">
	<TD align=left>
<FONT size=1 face="serif">Randle L. Smith</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=center>
<FONT size=1 face="serif">1</FONT>
	</TD>
	<TD>&nbsp;</TD>
	<TD>&nbsp;
	</TD>
	<TD align=left> <div align="right"><FONT size=1 face="serif">&#36;</FONT>
    </div></TD>
	<TD align=right>
<FONT size=1 face="serif">32.3</FONT>
	</TD>
	<TD align=right>&nbsp;</TD>
	<TD>&nbsp;
	</TD>
	<TD width="11%" align=center>
<FONT size=1 face="serif">0</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=center>
      <div align="right"><FONT size=1 face="serif">&#151;</FONT>
      </div></TD>
	<TD align=center>&nbsp;</TD>
	<TD>&nbsp;
	</TD>
	<TD align=center>
<FONT size=1 face="serif">0</FONT>
	</TD>
	<TD>&nbsp;
	</TD>
	<TD align=right>
<FONT size=1 face="serif">&#151;</FONT>
	</TD>
    <TD align=right>&nbsp;</TD>
  </TR>
</TABLE>
<BR>
<P align="left">_________________________</P>
<table width="100%"  border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td width="5%" valign="top"><font size=2 face="serif">(1)</font></td>
    <td width="93%" valign="top"><font size=2 face="serif">Registered Investment Companies include all open and closed-end mutual funds. For Registered Investment Companies, assets represent net assets of all open-end investment companies and gross assets of all closed- end investment companies.</font></td>
    <td width="2%">&nbsp;</td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td valign="top">&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td valign="top"><font size=2 face="serif">(2)</font></td>
    <td valign="top"><font size=2 face="serif">Other Pooled Investment Vehicles include, but are not limited to, securities of issuers exempt from registration under Section 3(c) of the Investment Company Act of 1940, such as private placements and hedge funds.</font></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td valign="top">&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td valign="top"><font size=2 face="serif">(3)</font></td>
    <td valign="top"><font size=2 face="serif">Other Accounts include, but are not limited to, individual managed accounts, separate accounts, institutional accounts, pension funds and collateralized bond obligations.</font></td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td valign="top">&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
</table>
<P align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">There may be certain inherent conflicts of interest that arise in connection with the portfolio managers&#146; management of the Fund&#146;s investments and the investments of any other
accounts they manage. Such conflicts could include aggregation of orders for all accounts managed by a particular portfolio manager, the allocation of purchases across all such accounts, the allocation of IPOs and any soft dollar arrangements that
the Adviser may have in place that could benefit the Fund and/or such other accounts. The Adviser has adopted policies and procedures designed to address any such conflicts of interest to ensure that all management time, resources and investment
opportunities are allocated equitably. There have been no material compliance issues with respect to any of these policies and procedures during the Fund&#146;s most recent fiscal year.</FONT><FONT size=2 face="sans-serif"> </FONT></P>
<P align="left">

<U><FONT size=2 face="serif">Compensation of the Fund&#146;s Portfolio Managers</FONT></U>
</P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">The following is a description of the compensation structure, as of December 31, 2006, of the Fund&#146;s portfolio managers. The Fund&#146;s portfolio managers receive a competitive base
salary, an incentive bonus opportunity and a benefits package.</FONT><FONT face="sans-serif"> </FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Each portfolio manager is paid a fixed base salary, which is determined by PXP and is designed to be competitive in light of the individual&#146;s experience and responsibilities. The
management of PXP uses compensation survey results of investment industry compensation conducted by an independent third party in evaluating competitive market compensation for its investment management professionals.</FONT><FONT face="sans-serif">
</FONT></P>

<HR noshade  width="100%" size=4>

<P style="page-break-before:always"></P><PAGE>
<A name="page_10"></A>

<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">The incentive bonus package for portfolio managers is based upon how well the individual manager meets or exceeds assigned goals and a subjective assessment of contribution to the team effort.
Their incentive bonus also reflects an investment performance component. The performance component is based in part on achieving and/or exceeding income targets underlying the Fund</FONT><FONT size=2 face="sans-serif">&#146;</FONT><FONT size=2
face="serif">s ability to pay common stock dividends, and in part on performance relative to a composite of the Standard &amp; Poor</FONT><FONT size=2 face="sans-serif">&#146;</FONT><FONT size=2 face="serif">s Utilities Index and the Lehman Brothers
Utility Bond Index reflecting the stock and bond ratio of the Fund. The performance component is further adjusted to reward investment personnel for managing within the stated framework and for not taking unnecessary risks. This ensures that
investment personnel will remain focused on managing and acquiring securities that correspond to the Fund&#146;s mandate and risk profile. It also avoids the temptation for portfolio managers to take on more risk and unnecessary exposure to chase
performance for personal gain.</FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Incentive bonus compensation of the Fund&#146;s portfolio managers is currently comprised of two main components: 70% of the incentive bonus is based on formulaic calculation of investment
performance measures, including the Fund&#146;s earnings per share and total return over a one-year period. The total return is compared to a composite of the Lehman Utility Bond Index and the S&amp;P Utility Market Price Index. Portfolio managers
who manage more than one product may have other components in their formulaic calculation that are appropriate to the other products, weighted according to the proportion of the manager&#146;s time that is allocated to each specific product. The
remaining 30% of the incentive bonus is based on the profitability of The Phoenix Companies, Inc. (</FONT><FONT size=2 face="sans-serif">&#147;</FONT><FONT size=2 face="serif">PNX</FONT><FONT size=2 face="sans-serif">&#148;</FONT><FONT size=2
face="serif">), the ultimate parent of PXP and the Adviser. </FONT></P>

<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Prior to 2006, the incentive bonus compensation has been paid 100% in cash. However, PNX has determined that 15% of the incentive bonus compensation for 2006 (payable in 2007) will be paid in
PNX restricted stock units which will vest over a three-year period.</FONT><FONT face="sans-serif"> </FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">The portfolio managers&#146; incentive bonus compensation is not based on the value of assets held in the Fund&#146;s portfolio, except to the extent that the level of assets in the Fund&#146;s
portfolio affects the advisory fee received by the Adviser, and thus indirectly the profitability of PNX.</FONT><FONT face="sans-serif"> </FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Finally, the Fund</FONT><FONT size=2 face="sans-serif">&#146;</FONT><FONT size=2 face="serif">s portfolio managers are eligible to participate in a deferred compensation plan to defer their
compensation and realize tax benefits. Portfolio managers are also eligible to participate in broad-based plans offered generally to the firm&#146;s employees, including broad-based retirement, 401(k), health and other employee benefit plans.
Portfolio managers may also receive PNX stock options and/or be granted PNX restricted stock at the discretion of the PNX board of directors. To date no portfolio manager of the Fund has received awards under the PNX restricted stock units long-term
incentive plan.</FONT></P>

<HR noshade  width="100%" size=4>

<P style="page-break-before:always"></P><PAGE>
<A name="page_11"></A>

<P align="left">

<U><FONT size=2 face="serif">Equity Ownership of Portfolio Managers</FONT></U>
</P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">The following table sets forth the dollar range of equity securities in the Fund beneficially owned, as of December 31, 2006, by each of the portfolio managers identified above.</FONT><FONT
face="sans-serif"> </FONT></P>
<TABLE width="50%" border=0 align="center" cellpadding=0 cellspacing=0>
<TR valign="bottom">
	<TD align=left width=37%>&nbsp;

	</TD>
	<TD  width=8%>&nbsp;
	</TD>
	<TD align=center width=45%>
<B><FONT size=1 face="serif">Dollar Range of</FONT></B>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=37%>
<B><U><FONT size=1 face="serif">Name of Portfolio Manager</FONT></U></B>
	</TD>
	<TD  width=8%>&nbsp;
	</TD>
	<TD align=center width=45%>
<B><U><FONT size=1 face="serif">Equity Securities in the Fund</FONT></U></B>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=37%>
<FONT size=2 face="serif">T. Brooks Beittel</FONT>
	</TD>
	<TD  width=8%>&nbsp;
	</TD>
	<TD align=center width=45%>
<FONT size=2 face="serif">&#36;1-&#36;10,000</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=37%>
<FONT size=2 face="serif">Deborah A. Jansen</FONT>
	</TD>
	<TD  width=8%>&nbsp;
	</TD>
	<TD align=center width=45%>
<FONT size=2 face="serif">None</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=37%>
<FONT size=2 face="serif">Connie M. Luecke</FONT>
	</TD>
	<TD  width=8%>&nbsp;
	</TD>
	<TD align=center width=45%>
<FONT size=2 face="serif">&#36;1-&#36;10,000</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=37%>
<FONT size=2 face="serif">Nathan I. Partain</FONT>
	</TD>
	<TD  width=8%>&nbsp;
	</TD>
	<TD align=center width=45%>
<FONT size=2 face="serif">&#36;100,001-&#36;500,000</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=37%>
<FONT size=2 face="serif">Daniel J. Petrisko</FONT>
	</TD>
	<TD  width=8%>&nbsp;
	</TD>
	<TD align=center width=45%>
<FONT size=2 face="serif">None</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=37%>
<FONT size=2 face="serif">Michael Schatt</FONT>
	</TD>
	<TD  width=8%>&nbsp;
	</TD>
	<TD align=center width=45%>
<FONT size=2 face="serif">&#36;10,001-&#36;50,000</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=37%>
<FONT size=2 face="serif">Randle L. Smith</FONT>
	</TD>
	<TD  width=8%>&nbsp;
	</TD>
	<TD align=center width=45%>
<FONT size=2 face="serif">&#36;50,001-&#36;100,000</FONT>
	</TD>
</TR>
<TR>
	<TD colspan=3>&nbsp;

	</TD>
</TR>
</TABLE>
<BR>
<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
  <TR valign="bottom">
    <TD width="10%" align=left><FONT size=2 face="serif">ITEM 9.</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="89%" align=center><div align="left"><FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT</FONT></div></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=center><P align="left"><FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;INVESTMENT COMPANY AND AFFILIATED PURCHASERS.</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=center>
    <div align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">During the period covered by this report, no purchases were made by or on behalf of the registrant or any &#147;affiliated purchaser&#148; (as defined in Rule 10b-18(a)(3) under the Exchange Act) of shares or other units of any class of the registrant&#146;s equity securities that is registered by the registrant pursuant to Section 12 of the Exchange Act. </FONT></div></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>
    <p align="left"> <font size=2 face="serif">ITEM 10. </font></p></TD>
    <TD>&nbsp;</TD>
    <TD align=center><div align="left"><font size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.</font></div></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=center>
    <div align="left"><FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No changes to the procedures by which shareholders may recommend nominees to the registrant&#146;s board of directors have been implemented after the registrant last provided disclosure in response to the requirements of Item 7(d)(2)(ii)(G) of Schedule 14A (</FONT><I><FONT size=2 face="serif">i.e., </FONT></I><FONT size=2 face="serif">in the registrant&#146;s Proxy Statement dated March 1, 2005) or this Item. </FONT></div></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left><FONT size=2 face="serif">ITEM 11.</FONT></TD>
    <TD>&nbsp;</TD>
    <TD align=center><div align="left"><FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CONTROLS AND PROCEDURES.</FONT></div></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=center><P align="left">&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(a) The registrant&#146;s principal executive officer and principal financial officer have concluded that the registrant&#146;s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940 (the &#147;1940 Act&#148;)) are effective, based on an evaluation of those controls and procedures made as of a date within 90 days of the filing date of this report as required by Rule 30a-3(b) under the 1940 Act and Rule 13a-15(b) under the Exchange Act. </FONT></P>
   </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=center>
    <div align="left"><font size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) There has been no change in the registrant&#146;s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the second fiscal quarter of the fiscal half-year covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant&#146;s internal control over financial reporting. </font></div></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=center><div align="left"></div></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
  </TR>
</TABLE>
<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
<TR valign="bottom">
	<TD align=left width=7%>
<FONT size=2 face="serif">ITEM 12.</FONT>
	</TD>
	<TD  width=4%>&nbsp;
	</TD>
	<TD align=left width=21%>
<FONT size=2 face="serif">EXHIBITS.</FONT>
	</TD>
	<TD align=left width=68%>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left><div align="right"><font size=2 face="serif">(a)</font></div></TD>
  <TD>&nbsp;</TD>
  <TD align=left><font size=2 face="serif">Exhibit 99.CERT</font></TD>
  <TD align=left><font size=2 face="serif">Certifications pursuant to Section 302 of the Sarbanes-Oxley</font> </TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left><font size=2 face="serif">Act of 2002</font></TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left><div align="right"><font size=2 face="serif">(b)</font> </div></TD>
  <TD>&nbsp;</TD>
  <TD align=left><font size=2 face="serif">Exhibit 99.906CERT</font> </TD>
  <TD align=left><font size=2 face="serif">Certifications pursuant to Section 906 of the Sarbanes-Oxley Act of 2002</font></TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
</TR>
</TABLE>

<HR noshade  width="100%" size=4>

<P style="page-break-before:always"></P><PAGE>
<P align="center">

<FONT size=2 face="serif">SIGNATURES</FONT>
</P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized. </FONT></P><br>

<TABLE width="75%" border=0 cellpadding=0 cellspacing=1>
<TR valign="top">
  <TD width="28%"><font size=2 face="serif">(Registrant)</font></TD>
  <TD colspan=2><font size=2 face="serif">DNP SELECT INCOME FUND INC.</font></TD>
</TR>
<TR valign="top">
  <TD>&nbsp;</TD>
  <TD colspan=2>&nbsp;</TD>
</TR>
<TR valign="top">
  <TD><font size=2 face="serif">By (Signature and Title)*</font></TD>
  <TD colspan=2><font size=2 face="serif">/s/ N</font><font size=1 face="serif">ATHAN </font><font size=2 face="serif">I. P</font><font size=1 face="serif">ARTAIN</font></TD>
</TR>
<TR valign="top">
  <TD>&nbsp;</TD>
  <TD width="40%" colspan=1><hr size=1 width="100%"></TD>
  <TD width="32%">&nbsp;</TD>
</TR>
<TR valign="top">
  <TD>&nbsp;</TD>
  <TD colspan=2><font size=2 face="serif">Nathan I. Partain</font></TD>
</TR>
<TR valign="top">
  <TD>&nbsp;</TD>
  <TD colspan=2><font size=2 face="serif">President and Chief Executive Officer</font></TD>
</TR>
<TR valign="top">
  <TD>&nbsp;</TD>
  <TD colspan=2>&nbsp;</TD>
</TR>
<TR valign="top">
	<TD><P><FONT size=2 face="serif">Date</FONT></P>

	</TD>
	<TD colspan=2><P><FONT size=2 face="serif">March 2, 2007</FONT></P>

	</TD>
</TR>
</TABLE>

<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the
registrant and in the capacities and on the dates indicated. </FONT></P>
<TABLE width="75%" border=0 cellpadding=0 cellspacing=1>
  <TR valign="top">
    <TD width="28%"><FONT size=2 face="serif">By (Signature and Title)* </FONT></TD>
    <TD colspan=2><FONT size=2 face="serif">/s/ N</FONT><FONT size=1 face="serif">ATHAN </FONT><FONT size=2 face="serif">I.</FONT><FONT size=1 face="serif">&nbsp; </FONT><FONT size=2 face="serif">P</FONT><FONT size=1
face="serif">ARTAIN</FONT></TD>
  </TR>
  <TR valign="top">
    <TD>&nbsp;</TD>
    <TD width="41%" colspan=1><hr size=1 width="100%"></TD>
    <TD width="31%">&nbsp;</TD>
  </TR>
  <TR valign="top">
    <TD>&nbsp;</TD>
    <TD colspan=2><font size=2 face="serif">Nathan I. Partain</font></TD>
  </TR>
  <TR valign="top">
    <TD>&nbsp;</TD>
    <TD colspan=2><font size=2 face="serif">President and Chief Executive Officer</font></TD>
  </TR>
  <TR valign="top">
    <TD>&nbsp;</TD>
    <TD colspan=2>&nbsp;</TD>
  </TR>
  <TR valign="top">
    <TD><P><FONT size=2 face="serif">Date</FONT></P></TD>
    <TD colspan=2><P><FONT size=2 face="serif">March 2, 2007</FONT></P></TD>
  </TR>
  <TR valign="top">
    <TD>&nbsp;</TD>
    <TD colspan=2>&nbsp;</TD>
  </TR>
  <TR valign="top">
    <TD>&nbsp;</TD>
    <TD colspan=2>&nbsp;</TD>
  </TR>
  <TR valign="top">
    <TD><FONT size=2 face="serif">By (Signature and Title)* </FONT></TD>
    <TD colspan=2><FONT size=2 face="serif"> /s/ J</FONT><FONT size=1 face="serif">OSEPH </FONT><FONT size=2 face="serif">C.</FONT><FONT size=1 face="serif">&nbsp; </FONT><FONT size=2 face="serif">C</FONT><FONT size=1 face="serif">URRY</FONT><FONT
size=2 face="serif">,</FONT><FONT size=1 face="serif">&nbsp; </FONT><FONT size=2 face="serif">J</FONT><FONT size=1 face="serif">R</FONT><FONT size=2 face="serif">.</FONT></TD>
  </TR>
  <TR valign="top">
    <TD>&nbsp;</TD>
    <TD><hr size=1 width="100%"></TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR valign="top">
    <TD>&nbsp;</TD>
    <TD colspan=2><FONT size=2 face="serif">Joseph C. Curry, Jr. </FONT></TD>
  </TR>
  <TR valign="top">
    <TD>&nbsp;</TD>
    <TD colspan=2><font size=2 face="serif">Senior Vice President and Treasurer (principal financial officer)</font></TD>
  </TR>
  <TR valign="top">
    <TD>&nbsp;</TD>
    <TD colspan=2>&nbsp;</TD>
  </TR>
  <TR valign="top">
    <TD><font size=2 face="serif">Date</font></TD>
    <TD colspan=2><FONT size=2 face="serif">March 2, 2007</FONT></TD>
  </TR>
</TABLE>

<P align="left">
<SUP><FONT size=2 face="serif">*</FONT></SUP><FONT size=2 face="serif"> Print the name and title of each signing officer under his or her signature.</FONT></P>
<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4>
</BODY>

</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>c46569001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 c46569001.jpg
M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````/```_^X`#D%D
M;V)E`&3``````?_;`(0`!@0$!`4$!@4%!@D&!08)"P@&!@@+#`H*"PH*#!`,
M#`P,#`P0#`X/$`\.#!,3%!03$QP;&QL<'Q\?'Q\?'Q\?'P$'!P<-#`T8$!`8
M&A41%1H?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?
M'Q\?'Q\?'Q\?_\``$0@"K0'T`P$1``(1`0,1`?_$`,<```,``P$!`0$`````
M```````&!P0%"`,"`0D!`0`"`P$!```````````````!`@0%!@,'$``!`P,"
M`P4$!P0'!04%!0D!`@,$`!$%$@8A,0=!87$B$U&!,A21H4)R@B,54F(S"+&2
MHD-38R3!LG.#%O"3HR47T<*SPT3A\=,TA#5&&%159)2D-A$``@$#`04$"@$#
M`P0"`P$```$"$0,$(3%!41(%\&%Q$X&1H;'!T>$B,@9"\5(48B,5<H+",Z*R
MDD,D%O_:``P#`0`"$0,1`#\`ZIH`H`H`H`H`H`H`H`H`H`H`H`H`H`H`H`H`
MH`H`H`H`H`H`H`H`H`H`H`H`H`H`H`H`H`H`H`H`H`H`H`H`H`H`H`H`H`H`
MH`H`H`H`H`H#Y+39<#A0DN`:0NPU`'LO0BBK4^J$A0!0!0!0!0!8$6[/90'R
MAMM`LA(2/8D`?T4(22/JA)S3MKJIN[;+@CNN*FP$FWR4W4"D#L;</G3X<1W5
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MXRC-*L=C1E;3ZH[4W(4,,O\`R>05P^1DV0LG_+5?2O\`";]U2I'IB=4LW]$Z
M2X,;JDV(4`4`4`4`4`4`4`4`4`4`4`4`4`4`4`4`4`4`4`4`4`4`4`4`4`4`
M4`4`4`4`4`4`4`4`4`4`4`4`4`4`4`4`4`4`4`4`4`4`4`4`4`4`4`4`4`4`
MH]+MT97<FUQ/R;:1(;?<8#R$Z4O)1:S@3[])MPN*K%U1KNEY4[]KFFM:T\1L
M#K1=+06DNI2%J;N-02HD`D<[$I-6-A55IO/JA(4`N=1,%^M[,RD%*=3_`*1>
MC>WU6?S$6\2FWOJ&M#"ZC8\VQ*.^GN.5P0H`^!%5VGSC8Q[VCU;W?A5M1%J.
M8ADI0B(^27>)`"6G>*K]@"KBE:&[P>M7K;47]Z]IT2);;;3"I93&=?*4):6M
M-_54+^FD\E*X'E5SMN>B5=*GO0N%`%`%`%`%`%`%`%`%`%`%`%`%`%`%`%`%
M`%`%`%`%`%`%`%`%`%`%`%`%`%`%`%`%`%`%`%`%`%`%`%`%`%`%`%`%`%`%
M`%`%`%`%`%`%`%`:W$93%2-OQLI$"8V,7'#Z`4AM+;>G4;@<$Z>VH1X6KL';
M4UI&E21;"Z@.Y/JQ+E/**8>:0J+%;5PT(8NN.+>T@*OWJJJVU.<P.I.YF.OX
MST7HV=N++>2`"3R'$U<ZHG^2ZW[(BR6X\9QV>5N(0MYE!2T@*4`I16YIN$\_
M*#5>8T]SKF/&5$ZF=U7RNXL3M)S)8.0([K#J/F5Z$K/HN'02G4"`0I23>U)'
MKU:]<MV7.VZ->XYH42I14>)422>\\34'SYNKJ4;HCM/]5W&K,24:H6(LIN_)
M4I0\G_=I\WCIHMIT'0,/GN>8_P`8^_M\#\ZW;K_5MRIQ,==X6'NE5CP5*5_$
M/_+%D]QU4>K'7LWGN\D7I#W]M##VGU@W5@M#$E?ZMCTV'H2%'U4I'^&]Q5[E
M7%-4>6'UR[:TE]\>_;ZRS;4ZE[5W+H:BR?EIZAQ@2;-NW_<XZ5_A-64CJ<3J
M=F_^+I+@QJJ38!0!0!0!0!0!0!0!0!0!0!0!0!0!0!0!0!0!0!0!0!0!0!0!
M0!0!0!0!0!0!0!0!0!0!0!0!0!0!0!0!0!0!0!0!0!0!0!0!0!0!0!0'YK&O
M18WM>]N'LYT(J3GK&_/Q>R&\5AH+@@O68E.L();8BM`>16GBG7P3?E:]ZK(T
MO692MX_);6FS3<D0"+*?C2&I45U33[*@XR\@V4E23<*2?:*@XB$Y0DFM&B[=
M"MSRLEC,ECI\AR3,BOB0EUY96M3;XX\5$GRK2?IJ8G9]`RY7(2C)UDG[R4]2
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M0!0!0!0!0!0!0!0!0!0$7PG7YU,]]O.0`8#CJBP]&_B--E7E2M"C9=AS*2/"
MJU9RUC]B7,U<C]M=*&\R.P>G6^HJ\E@)+<66KBJ1#L!J/8_'.FQ]R3WTHGL,
MV[T_%RX\UMI/BOBOZ"[L[:.ZMB;ZB.S6/F,1.U0G9\:ZVQZMBV7$_$W^8E(\
MPMQYU&J9@X.#=P\A-ZPEI5=_UH9?\P>#NC%YUM/P%4*2KN5=QKZPL>^ID6_8
M\>JC<7@_A\36]$-ZXS$'(8C+2T1(\A29,1UY00WZ@&EQ)4>`)`21?V43/#H&
M="VI0F^5;57V_`VNT<!B-P]5<QN6#^=A(#J7&';>1V:ML:E(OS"#J7?VD&H6
MK,O$QH7LN=V.L(O3_J_K5^HQ.H;>?W]O']!P37J8_"$MR92CI81)7_$4M5N:
M`-(2+GXJ-U9Y=2A<S+WEV_PAM>ZO;0:MH]&-M87TY.1'ZMD4V.MY-F$*_<:X
M@^*K^ZI4388?1+-G67WR[]GJ'\J;:0+E*$"R1>P`OP`JQN-$><V,B5#?BK^!
M]M;2O!:2D_TT(G'FBUQ./5M+96IE?!;2BVH=Z#I/]%41\OG%IM,W>R=LO;DW
M-"Q:-09*O6ENIN"AAL@K4".1/!*3[31JNAF=-Q7>O**V;_`MO4+J>UL_(8['
M18J9BUH+DQHK*5(8'E1I5Q\RB#S[!4MG7=1ZJL:48I5X^!N=J=1]J[E"6X4G
MT9Q'F@2+-O?A%[+_``DU*D9.)U*S?_%Z\'M&>I,\*`*`*`*`*`*`*`*`*`*`
M*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`
M*`*`*`*`*`*`*`*`XW7\:O$U4^5L]H&0GXZ4F7`D.1)2/A>944*\+CF.XU%#
MTM7IVW6+HRJ[3Z]2F0B+N:/\PWR_4(P`<'>XUP2KQ3;PI5G2X?[#NNKTKY#S
MN'&8#J3MU#.-S!#+;@>2M@I4`X`0D/M*LKA?D=)J=IN,FU;S;5(ST[OBB)[F
MZ9;OP#P2]#,R,M00S+B@N-J4HZ4A0MJ023]H6[ZAZ')Y71[]I[.9<469N,=A
M=/HV.A!*\U)4B+%'8[D99TZN]*"=7W4U.Q'51A_B8RC'\WHN^3[>I#/MS`0L
M#AX^,B"Z6A=YY7QO.JXN.N'M4M7$U*5#/Q["M045_7O/7.9O'8/%2,GD7?2B
MQTZEGFHD\$I2.U2CP`HW0F_>C:@YRV(@IWUF]Y;_`,&E]1CXU&085%QR3="0
MAP*UN?MKL.9Y=E4V[3C_`/D;F5DP6R',M/2=$5Z':G*.^H0@[SS<8#2E$QU:
M!^ZX?4'U+JA\XZE;Y,B:_P!3*YT?P<7;>SY>Z<G^4N:V9"EJ'%$-H$HM?]OB
MOON*E<3I^C8ZL6'=G_+7T?7Y$8W#G)>>S<S+RN#LMPK".>AL<&VQ]U``J$<I
MEY#O7'-[S7@D$*!(4DW2H<"".T$<J4,=-K8/VU.LVZ<+HCSS^KP$V&A]5GTC
M]Q[C?\=_&FJ-WA]=NV])_?'V^LLNU>HNUMRI2B#*#<TBZH#]FWAX`FR_%)-6
M3.JQ.HV;Z^UZ\'M&:I,X*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`
M*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`Y=VWTXW=
MN,AV##]*$H\)LDEIHB_-/`J7^%-4/GV+TF_?U2I'BQ^Q_P#+RC0#DLTKU.U$
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M2F\;%-J?<5V>HX"VTGQXJ5[JA;3&Z!CN=_FW1[=O`Z*JYW!"-V;3.XNM;V+0
MDB,ZF/(GK3]EE#2?4X]A58)'>:H]M#D<O#\[/Y=VC?A1&XZZ[G;B8^)M2"0C
MUDI>F(1P"6&S9IJP_:4F]O8GOJ7P,G]@RU""LQW[?#<1F-&DRI"(T5E<B0X;
M-LM)*UJ/<E-S45.3MVY3=(JK'O"]$-ZY!"7909Q;2A<"0K6[;_AMZK>]0I1F
MZL?K]^>LJ1&5K^78:!ZV>(7VA$86^MRIH9R_6EOG[/J8<_\`E[S#7YF-S#+R
MT>9`>;6RJXY66@N6/NJ'$I/]<G'6$]?5\S*Q&Y.K.TIL;&9S&NYB%(=0Q'=U
M:U:EG2D)DIN/<Z/?2K1[6<C,QY*%R//%Z+^OS+..57.F"@"@"@"@"@"@"@"@
M"@"@"@"@"@"@"@"@"@"@"@"@"@"@"@"@"@"@"@"@"@"@"@"@"@"@"@"@"@"@
M"@"@"@"@"@"@"@`````6`X`"@-1E]W;8PY(R>4C15CFVMQ.O^H+J^JH;2,>[
MEVK?Y22-.GJYTX4K2,XQ<^U+@'TE-JCGCQ,==4Q_[O8_D,6,S>'RK7JXV:Q,
M;YDL.)7;QTDV]]6J9=J_"XJQ:EX&;0]0H#SDOHCQW9"PI2&4*6H(!4HA(N;)
M'$GNH5E*B;X$[W!L79G4-I6=P^1"9[B$I,QE7J(5I%DI>958I('W35:5U1IL
MGI]C,7/%_=Q7Q0U;+V=C=J89..ADN.*/J2Y2@`MUTBQ4;<@.24]@^FI2H;#"
MPX8\.6/I?$W$V9%@Q'IDMU+,6.A3CSJS9*4)%R34F3.:BFWHD)6SEL,0<SU`
MRP,<YB\I`<'F:QS"=,='WEH&L@<[BJ1XFLQ**,\B>G/K_P!JV=M^A(<5A-P=
M2=W39B1Z+;SGJS):P5-QVCP;;'[2@@!*4^\\*A:G,6L>YGWW+8M[X%\VILK`
M;8AAC&1P'E`!^8Y93SI_>7[/W1PJZ5#L<3"MV(T@O3O9O%+2A)4LA*4BZE$V
M`%299I96]]G1%^G(S4)M?:DOMDCQ`-15&++.LQ='./K1EX[<>`R1`Q^2C2U'
MDEEY"U?0#>IJ>EO)MS_&2?@S84/8*`*`Q/U?&#)G%F2VG(^F'A%4;.*;42`I
M(/Q"Z3RI4\_-CS<E?NX&70]`H`H`H`H`H`H`H`H`H`H`H`H`H`H`H`H`H`H`
MH`H`H`H`H`H`H`H`H`H`H`H`H`H`H`H`H`H`H`H`H`H`H`H"8IR&\NH3RQB7
MG-O[12I2/GP+2Y8!LKT_V$]_]/(>>K\#2*Y>RW]C\NUQWR[=J[!APO2O8V)`
M4C&HER>:Y4W_`%#BC[3KNGZ!5E%(R[/2[$/XU??J8T'<?2[*YE>WXS<)^6DJ
M0ELQD^DM2+ZDMK*-"B+'D?"E4><,C$N3\M<K?@;&#TXV=C\ZSFX&/3#G,!83
MZ"E(;.M.DDM@Z>`/#A3E5:GO#I]F$U.,:27;8,M6,T*`*`Y<W(SD]G;XR;.+
MD.P7&7BN.XTK22R[^8V#V*`2JUB+5YT/G^7SXN1)0?+KIX#WM3KVXG1&W/&U
M#E^H14\?%QG_`&H^BK59M\/]A3TNKTKY=O`>L[B<%U"PT9$3,*5C4O(=?;BK
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M`XVU:UFW;4TBCTNXV)97WQBEWZGT_P!+>FV;AMRX<%IE#R0Y'G8]9:-CQ"D%
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M^6Q#!`FL3H,>:P=3$EI#S2O:EQ(4/J-29EN:G%26QJI[T+A0'.76+/[>S>XV
MI&*4XJ1&;7$GJ6V6TE32SITZK*)%U`\/95*U9P_7<BU=N)PVK1B%RXGE4FC+
M]TJPD3:>R).X\H/1>FM_.2%'XD1FTDLH\2#J\56HN)V_2;"QL=W)[U7T;C4;
M:Z_H6\6MQ0O1:6LEN7%NK0DFZ0XV;DZ1P*DGW5"D]YC8W[%%NEQ4[UV[<"J8
M[,X[,8\R\-+9EH4D^FXE6I(7;@%@64./,<#5JG0V[T;D:P:9H-B[(>PKDS+9
MEY$_<V2<4J9.3<I2B_D::U`%*+`<+=W("HC&GB8F%A.VW.;YKDMK^7;W"'U?
MW1OW&[K8C8Q^3$@!IM4+Y9&H/.D^?5Y5:R%<-'L[.-5DS4=8RLF%Y*%5'=3>
M;[??3O.[SQN$R'KM0\Q'C)3-BOZ@UJ=2E2])2%%*DK![./NJS1E9_3;F5"$J
M\LTM5N'#9.VCMK;,/#J?^8<CA1<=`LDK<65JT@\D@JX5*5#9X6-Y%I0K6AC;
M8WM"S^<SN-C:=&(>0TVX#<N@I(6L=R74J3PHG4IC9L;MR<5_!]O:,M29H4`G
M]4LGMMC:DS&YF6(RLBRM,-.E2U*=;LI)2E(/PKTWJ)&MZK=M*RXW'3F6GBOK
M0YE%["_`]HJI\]&CIMMAS<.[H<;S)BQ3\U,=02DI;;(LD*%B"M5D\.R]*5-G
MTC%=Z\EN6K+%O[JQ'VKG8>-1$$[4V7<@$KTK;2K@V$<QJ-B2#V6]M2V=3U#J
M\<>XHTKQ&';&^ML[E;OBYB52`+N0W?RWT^*#S\4W%2G4S<7.M7U]CUX;S?U)
MEA0!0!0!0!0!0!0!0!0!0!0!0!0!0!0!0!0!0!0!0!0!0!0!0!0!0!0!0!0!
M0!0!0!0!0!0!0!0!0!0&HW?B\AE=L9+'8Y[Y>;*84VP[<I%SV$CB`H>6_?4-
M:&/EVI3M2C%T;1/NC6P=U;=RD^9E6A"BNLAE,4.)7ZC@6%!RS94FR0"`3QXU
M6*--T7I]ZS*4KFBI2GQ$CK#NS]=W4N*PO5C\3JCLVY*>O^<O^L-`\.^FUFFZ
MYF>;>Y5^,-/3O&GI=U4C1XN$VI+C.*?4XJ*F;J`0E*B2R+<5$W(1V43IH;+I
M/5X\L+,EKLK[OD;CKEDMSXS&X^5BI[L2$ZXN/,2S9"BM2=39U@:QP2H<#4R,
MKKUV[;@I0DTMC[>LU/0'<+SKV6PTEY;KBRF<RIQ14HDV;>XJ))^P:1,;]>RG
M+FA)Z[?G\!/ZQ8/]*WS+<0FS&22F8U]Y?E=_MI)]]1O-5US'\O(;W2U[>DUW
M3W:JMS;IBP%I)A-'YB>>ST6R+I_&JR??3:>'2\/S[R3_`!6K\"B=>=U):CQM
MK1%`>J$R9X3P`;2?R6N'[2AJMW#VU+X&]_8<SEBK4=^K^';P(M0Y$WFSF-WN
MY8':HD_/BWJ+CG2@"_\`?*5^7I^_5?`S\".0Y_[-:]MOU*W&ZN3MOYA>`WM'
M1\TP&_4R4&ZF_P`Q`6"MH@*^UQ*/HJ:\3IH]8=F?EWUJMZ[=N!2,7E\7EHB9
MF-E-2XRN3K2@H7]AMR/<:LF;NU=C<58NJ(UU0VKU#G[Y^:QC4F1&6&AC'V%E
M+;!2!JU'4/3(<NHD\ZI),YKJF)E3R*PJXZ4IN^0^]1=TR-L;)+BG@K,R4)B1
MUIX7?4CSN@>Q`!5XVJ[9MNHY;Q[%6_O>GIXD2Z9[MC[6W,F=+UF`ZRXQ*#8U
MK(/F00+BYUI'TU5:')=*SE8N\TOQ:U.A<)N%&Y-L#+8?\ER2VZ(Z7P"6W4%2
M`'$I/8H<>/*K)U.VL9"OVN>&^M*\3G\=3=Z?K\.=E<@\M$&2E<B$C\IJR%:7
M$%M&D'A<>:]4UVG&_P#+7_.3FW1/85KK3AV\ML5608LM>.6B8TL<;M*\KEN[
M0O5[JM(Z/K=CS<?F7\=>WO.=B0!<\A0X0Z`Z98>)LW84C<&4'I/RVOG91/Q)
M92DEEH=Y!O;]I5J+94[CI=B.+C.Y+:U5^&Y=N)#,SEI>8RTO*S#>3,<4ZL<P
MD'@E`[D)`2/"H1QN3?=VXYO:S$0XMIQ+S:RVXV=2'$DI4D^T*%B*,\X2:=5M
M*YM?J+U"PV"_5<_`<R&WT*0VF8_9F4?4-DE&JWJIOVJ'XJBK.JQ.HY-NWSW8
MUM\=_P!>VI3ML;YVSN5K5BYB5/@7<B.?EOH\6SQ]XN*NG4WN+G6KZ^Q^C>;Z
MI,L*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*
M`*`*`*`*`*`*`*`*`*`UV9SV#Q*6$Y68W#3-7Z#"G5:`I9!-M7V>'::AL\;U
M^%NG.Z5)3NGH,A:53-JRP4*&M,&2K4D@\?RW^/\`:OXU%.!SN9^OJ7W6GZ'\
M'V\259'&YO`Y!+4Z,[!GL*#C0<&GS(.I*D*^%0N.:356<Y<LW+$_N3BT=$[E
M89WGTR=>CI"G)D-$R*!QL\V`X$COU)**L]4=QE163BMK^4:^G;]"$]/<Z,+O
M'%9`JTL%T,2">7I/_EJ)^[J"O=45WG'=,O\`E7XO=6C*OU^P@D;>AYA`_,QS
MWING_)D63S[EI34R.D_8<?FM*:VQ?O/?I;AXFT=B2-PY3\IZ8W\[)4?B3'0D
MEEL=Y!U6]JK47$OTFQ'&QW<EM>K\-W;O(V\-P;RW)*DQHKDS(SG"ZIIL7#:3
MP0E2CY4I0D!-U&JU.6G&[EW7**JV4[:705E&B5N>1ZJN!_3HRB$#N<=X*5X)
MMXU;EXG08?Z]%:W77N7;MQ*QCL9CL9$1$Q\9N+&;^%II(0GQX=O?5J'1V[<8
M*D51$'Z]0/0WE'E`>69#02?WFEJ2?J*:J]IQW[%;I>4N,1#Q&:RV'EB7BI;D
M.0.:VC8*'L6DW2H=RA44--8R;EIU@Z,Z'Z4[PSVZ,,_*RL9ML1W`RU+:ND/J
M`NL^F?ATW'$&Q/A4Q9W'2<VYD6W*:I3?Q,?>FRL/U"B,3\;F/S8@6W&6TI+T
M:Y/G"T`W"K@`D&]&JE<[!MYL5*,MFRFJ(EN?8VYMM.$92(1&O9$UK\QA7L\X
M^'P4`:BO$Y'+Z;>L/[EIQW%*_E\SFIC*8)Q7%M29L=/[J[(=^A02??4Q-]^N
M9%8RMO=K\_@(_5K!?I.^9Z4ITQY]IK/L_-OZG_B)54;S4=:Q_+R'39+7U_6I
M8.E^19W'TY8ARSZA9;<QLL'F4H3I3]+2DU9;#J.EW5?Q4GPY7V\"/[)V'(R6
M_#@IB+QL4\M63)Y%MA>D)_YJK#PO5%P.9P>G.>2X2V1>OH^8Y]>]V!*8VUXJ
M[)LF5D;'DD'\EL^\:R.Y-6DS:?L.91*S'Q?P7;N$;:?3/=6Y=#L9CY3'J_\`
MKY(*$$?Y:?B<]W#OJ-NPT^'TB]?UIRQXLM&TND>U=OE$AQO]3R*./S4D`I2?
M\MKBA/UGOJ5$ZO#Z19LZTYI<7\C-ZI0?G=@9IH"ZFV/73XL*#O\`[E3+8>O5
M;?/CS7=7U:G,+3KK3J'F5J:=;.IMU!*5I/M2H6(JM#Y[&;BZIT94=@]7]V#(
MP\-.9_6DRG$L,KN$24E1M<K^%8`XG5QMVTJT='TWK5YR5N2YZ^OMVJ713[*7
M4,J<2'G`5(;)`4H)MJ(',VOQJYUU56A]T)"@"@"@"@"@"@"@"@"@"@"@"@"@
M"@"@"@"@"@"@"@"@"@"@"@"@"@"@"@"@"@"@"@"@"@"@"@.:>K6[/^H=UO(9
M7JQV,U18MC=*E`_G.?B4+#N`JFTX/K69YUZB_&.B^/;P-;M;?^Z-LK2G'2RJ
M&#=4!^[C!]MDDW1XH(I2FPQ\/JEZQ^+K'@]A6,5U0V'O"(G%[FBMPWG.'I2[
M+CJ4>%VW[#0?'2>^IKQ.FL=5Q\E<MQ)/OV>L>]LX"!@<2C'8]UQR`E:W(R7%
M>IH0X=>A*N93<DB]2E0V^-8C:ARQ_'<<O;HQK^/STYAZ$]`;6^ZN-'?24J]%
M2R46[#Y?V35#Y[FV96[KK%Q5=/`<]J97=O4#*8_;F6EF1A(93*G@(2E3C3!&
ME+JQQ45*LGZ^RII70VV%?O9DXVYNL(ZOOIV^)2MZ0'=UY6/L^.Z6,9&2B;GW
MVK:@W<B-&3S`4XI)7Q'`)!J7KH;_`#+?^1)64_M6LO@O3M&K"8##X."B#BHJ
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MSY5`=BT&Z5C[PJ*''V,JY:E6#HRL[8Z[19"!!W7$2E*QH7-83K:4#P/JLFY'
M?IOX5->)TV)^P1E]MY4[]WJ[>`VX'96SSFXNZ]JR$,((6A]J*H+BO(<3Q24?
MW:@;*\MN7*B2VHV=C"L^8KUIT\-C^0I_S#1&BSAYB67"\VIUMR0E!+26U!)"
M5KY`ZOA'C21K/V2W6,71UU)YL[J#G=I"4,=Z+C$H!3K,A*E)"TBP6G24D&W/
MVU&PT6#U.YC54:-/B6/8S/\`TWL[(;MW`HG)975DL@NP"RE7\!E*1VG5P3^T
MJU2M%4ZO!7DV7>N?E/[G\%VXT/G:?3-EZ8YNC=K29F>GK^9,-SS,1=7%#>D\
M%J0FR;G@+</;4*/$8O3$Y.[=7-<EK3<BB````"P'(5<W`F2>IV'.[X.V,:!-
MDOO*:F2$G\IG2A2BD$7UK\MB!P'MOPJO-J:R74[?G*U'[I-Z]PUY*(F9CI4-
M7PR67&3X.)*?]M6-A=AS1<>*H<?:%-DMJX*02E0[TFQJB/E\E1E>Z";4]21)
MW/)1Y&=47'W_`&B/SG!X#R#\52CJ/U[#VW7X+X]O$3.HN\'L]O![(1'E(C03
M\OC'&U%)"&SYG$J38CU%W-_9:HVFLZIGN[?<HO2.B^8P;3ZXY[&Z(V<;_58@
MX>N+(DI'CP2Y[['OI5HS,/\`8)PTN+F7'?\`7MJ6+;6]=M[D9UXJ8EUP"[D9
M?D>1]YL\?>.%63J=1C9MJ^JP=>[>;RI,H*`*`*`*`*`*`*`*`*`*`*`*`*`*
M`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`3NJN[?^G-JO*87IR4Z\:#
M;F%*'G<_Y:+GQM4-FLZMF>19;7Y2T1S,```!R%5/GQ]--NO.!IE"G73R;;25
MJ/N3<TJ6C!R=$C<,[)WB^C6U@YRT'D?EW`#?[P%#*CT[(>R$O4S<X3</4C91
M`$:6S`2;JA36'3'MVZ20-'X2*C89V/DY>+M4N7@TZ%(Q/4_8.\H:<9N2,U$>
M7P]*793!5[6G^&D^.DU-4]IO;/5,?)7)<5'W[/6-6U=D83:3.0<P[;CRIB@[
MI<6%*TH3Y&D+-O+<FVH]O$U9*AGXN#;QU+D6WM0\>G,'*MX>5D<RPJ/F<M,?
ME36G/B0`KTFF[\?*AIM(3W5$2.GPFH.4U2<I-OW+T<!EG38T&$_-DK#<:,VI
MUY9[$(!4H_0*L9ER:A%R>Q'*V\-V9#=&;=R<LE+5RF'&)\K+-_*D?O'FH]IJ
MG>?.\_-ED7')[-RX%[Z.XY4+I_C=8TKE>I*([G5DI_L6J8[#L^C6N3&C7?KV
M]!A=<XGK[#==MQBR6';^*O3/_P`2DCRZ]"N,WP:^7Q%/H+M/UI<C<\E'Y<?5
M&Q]^UPC\UP?=2=`\31&M_7L/5WGX(3^I^Z_^I-V2'V5ZL?#O%@VY%"#YW!_Q
M%\?"U1M-7UC,\^\Z?C'1"E4FJ/6/&E23:,PY(/L:0IS_`'0:BI>%J4MBJ;7%
MO[PV_(^=QR)V/<^VL-.)0JW8XE2="A]X5!EV)9%A\T>:)3ML==L?+;^0W7$2
M@*&AR8RGU&5`\/S63J4GOM<=U2I'0XO7X27+>5._=ZC<KZ3]/L[,B9K#/)1#
M#J'GX\527(SR4G44:;_EW[=/T5/*C*?2,:[)7(;*[MC^1N-U?/9'>&W<'\LZ
M,0AQ62G2M)]%:XP)89*APX.660?8*/;0RLKFG>A"CY/R;\-B^?H'&K&Q)=UI
MW](Q$5O`8QTM9":C7*?0;*:CDE-DD<EN$$7[!?NJLGN-!USJ+M1\N'Y2]B)_
MT5@*D[_AN)3=N$R^^NW(>3TD_P!IRH6TTG0;?-DI_P!J;^'Q.D:N=T<K9O`2
MG]_3\%!3>0]D76(X[`''"H*/<E)N>ZO,^>9&+*65*W'?)^\KW4;*1-D=/HVW
M\6K1)E-_)1B."@V!_J'C^\=7/]I56>BH=-U*]'$QE;CM:HOB^W$@```L.0Y4
M.(`J`XD@>-144/N.\^RZF1&6XT\T=2'VBI*D'VA2>(H7A*476.C12=I]=<WC
MRB-G$#*Q1P]=.E$I([^2'/?8]]%(Z##Z_<AI=7,N._MVJ63;>\MN;C8]3$S$
M/+2+N1U>1Y'WFU>8>/*K)U.GQLRU>58.OO-U4F4%`%`%`%`%`%`%`%`%`%`%
M`%`%`%`%`%`%`%`%`%`%`%`%`%`%`%`%`%`%`%`%`<U=4MSN[FWBMF'J?B0E
M?)8]ML%1<7JLXI`%[E:^`MS`%4;.$ZOE/(O\L=5'1=NVX;=E="O4;;G;I6I.
MH!2<6RJQ`]CS@_W4?34I5-E@_KZIS7O_`,?F5K$X+#8A@,8R$S#:`M9I`23]
MXCB??4I'26K$+:I!)&=4GJ!`(L>(/,4`L9KIKLO,26Y4K&MID-N)<4XR/2]3
M2;Z7`GRK2KMN*JXIF#>Z;8N--Q51G````%@.0JQG!0"YU#Q&5S&S<EC<4E*Y
MLE"4H0I00%)#B5+3J/`72".-0]AA=1LSN6)1A^3^9`=N=.MQ9?<B<+)AOPDM
M$*R+SJ"D-,WXD$\%*6."+<_"J[=#C,7I5V=WDDG&FWM[CIV-&9C1FHS"`VPP
MA+;2!R2A`TI`\`*N=]&*BDEL0F=7O4D[33AHP"Y^:EQX<-OVJ]0.*4?W4I;)
M4>RJR>AK>KKFL^6ORG))>NIK.H&1B[&Z=1\%C%Z)4EOY**H<%:;7D/\`CYC^
M)0H]$8_4;L<3%5N.UJB^+[;V2#9VQ,]NJ26L<V&XC1"9$YVX9;_=%N*U?NCW
MVJ/`Y?!Z;<R7II'>RX;:Z.[/PR$.26/U6:.)D2P%(!_<9^`>^Y[ZE1.NQ>C6
M+2U7,^_Y#LRPPPV&F&TM-I^%"`$I'@!5C:J*2HC[H2:7.;+VMG$%.2QK#RSR
M>"=#H[PXC2OZZAHQ;^%:N_G%/W^L\=F[)P^TX<F+C2XM,EXO...D*7RLE-P!
MP2!PHE0C#PH8\6H[V,%2984!S9U>Q>>9WCD<GD(CC<&0XE,.7;4TIM"$I2-2
M;A)X?">-4;H]3A>M6+OGN;3Y7L*5T4V7)PN(>R^0:+4_*!/ILK%EMQT7*`H=
MBEDZB/"IBC>]#P79MN<ORE[NWP*35C>DSV#@8\_?&Y-XK`5'$MZ)C%GD=%D/
MO`^SRZ0?O52.ULTF#CJ5^Y?[VE\7V[R5=1MTKW1NU^2P2Y#9(B8U"025(2JV
MI('$EQ=R.ZU*[SFNJ93R+[Y=4M%V[QKV=T+R4]")FXG58^.JRDP6K&0H?OJ-
MTM^'$^%*-FQPOU^4ONNNG=O*IANGNS,.D"'B6/4`MZ[R?6</?K<U'Z*LDCHK
M/3[%O\8KW^\WZ6&4)TH;2E/[(``J3,22-?DML[=R;:D3\;&DA7,N-(*O<JUQ
M44/&YC6Y_E%/T"DUT6VO%W'!S..=?B(B.^LJ$E94VLIXI"5DZTC5:XN01PJ.
M4U\>BV8W5.-51["@58VX4`4`4`4`4`4`4`4`4`4`4`4`4`4`4`4`4`4`4`4`
M4`4`4`4`4`4`4`4`4`4`F=6-V_\`3NTWRPYHR$^\:&1S3J'YC@^XB_OM59.A
MK.K9?DV73\I:(T_2#INUA8+6<R;-\Q*0#';6.,9E0X"QY.+'Q'L^'VW11B]'
MZ8K4?,FOOE[/J4.?D(..ANS9SZ(T5A.IUYPA*4CQ-6-U<N1@N:3HD(7_`*B;
MHW$XIO8^%]:&DE)S.1)9CDCA=M'!2K?3W53F;V&J_P"0NWO_`$0JO[I;.W:A
MZ?\`2W5N5YY>[F(BC_=1(B5)'XE!*C2CXD_XN9+;=2\(_P!#\5B.LV,'J1<U
M!S:$\3&E,>@I7<%(M]:J4D1Y6;#53C/Q5.WK'3!R<K)Q,9_+14P<BXB\B(A?
MJ);5<\-0Y\*LC9V92<$YJDN!G5)ZA0$XZJ[FW-M2;C,UBW0Y`?U19D%X:F2L
M>=M0(LI*E)U"X/8*K*II.K9=W&<;D=8O1K=V^1D[2ZR;7SA1'FJ_2<@JP#4A
M0]):O\M[@GW*L:*1Z8?6K-[1_;+O^8^ZAIU#S"UQ;C?PJQMQ%VLC+[AW;,W)
MF(3V/BXK7!P<"2G2M)6`7Y"ARU+3I2"+BUQWU1:NIJ\53O77<FG%1TBG[7V^
M`@3(DOJCU'?2PXI&`QMFC(3R2PE1N4=FM]8.G]WCV4VLTLX//RG3_P!4/=]>
MVPN&,QD#%P&8&/83'B1TZ&FD"P`_VD]I/$U<ZJU:C"*C%42-#NOJ+@-NNIAN
M%R=EW;>CBXB?4?43RN!\(/?[A57)(Q<KJ%NRZ/[I_P!JVFD1E.LF9_,AXR!@
M(JN*#.6IY^W>E'`'Q2*BLF8WFYMS\8Q@N_;V]!]'&=;&1ZB,SB91''T5L+;!
M[M24TI(>5FK9*#[>!MMK9W?,C).8[<>"1##;9<3DHSH7'6;@!`2=2M1O?G4I
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MG[TGZ8LX6*UFLNR%9EY.IAE8N(K:AP`!_O"/B/9R';<D.D=*5F//-?[C]GU*
M1)DQHL=R1)=0Q':&IQUQ02A(':5'@*L;N4E%5;HA#D=61/D.1-GX:3N!ULZ5
MRDCT8J3WN+'_`+*IS\#5RZIS.EF#N/CL7K#Y_K<]YTXO#Q0>33CKBU#Q*5$5
M/W$>9G/9&"[>)\.;RZF8@%S.;43,B)%UOXIWU%`#F?25J4?JJ.9K</\`+R;?
MYVZKC'Y:C]%?^8BLO^FMGU4)7Z3@`6C4+Z5`$V4.VKFUC*J3V'K0L%`3K=_4
MR?M#=HA9*()>$F-(?C.L^5]JQT.)L3I<L1?L/&JMT9I<SJCQKW+-5A+9Q7S&
M[;N[=O;BC^OB9B)%A=QGX74??;590^BU2G4V6/EV[RK!U-O4F0%`%`%`%`%`
M%`%`%`%`%`%`%`%`%`%`%`%`%`%`%`%`%`%`%`%`%`)TA/3O>N5;:<=9FY/"
M2%!+6M2%I4TNZAH-O4;*D<>!2:KHS726-DRHZ2E!^[WH<%K2A"EJX)2"2>?`
M>%6-BV2['8V7U*S2\QETN,[/Q[JF\5BU@H,IQLZ5//#@;7X6]W[5_-?=X&CM
MVWF7.>?_`*8O[5Q[WV[N-=IO/JIA=G9"/AF\>N2XAM*W6V"AI#+1X("018FP
M^$6'?5G*AZYO5;>-)0I7X&FZM[OW$C`X3);<>>CXC()+STQE)#@*DI4TA:K$
MH!!5XD6J),Q>KYEU6H3M5Y9:U]PX=-LAG\ALZ#*SJ5">L*LMQ.A;C040VXM-
MA8J3W<>=3'8;/IURY.S%W/R-^SD(3\N3#9>2N3$T?,M`^9OU4ZD:OO#C5C+C
M<BY.*>JV^DR*%PH!5ZGX)6:V3DHS:-<EE'S48#B?48.NP[U)!3[ZB2T-?U3'
M\VQ);]OJ.7^"D^T&JGSO8.6P=[;UQV3A8K$/_-M274LMXZ22MH:CQ*3\382+
MDZ>'=38;CIO4,B,U"#YD]SV?0Z$SN4P,9IO'YB8W%&4#D=I+CA:]2Z;+2E=Q
M;@KG>K-G:W[EM+EFZ<VG`\-H[0PVUL<N#BDK]%UU3RW'%!:R5<`"H`7"4@`4
M2H4Q,2%B/+#>ZFFZ@[MR4!R'MS;R`[N?,7$6X\K#(X+D+^[8V^GLL8D]RVF/
MGY4HTMV__9/9W=Y\X?;FV^GV"EYK(.&5.2GU<EEG07'W5J-M*+W("E&P%^/;
M1)(BUCV\2VYRUEOEO[=F>FV^IN+W-C\FO$1WADL>RMY,!\`*<\IT:2@J!"E#
M3[:E,8W5(7X2=M/FBMC$GI3U&WIG-W&!DG1,AO-../I#24?+%`NFQ2`0"KR6
M55(R-7TKJ.1=O.,]8^[ML+(_(880%O.);0I24)4H@`J6H)2GCVJ40!7H=-*2
M6T]*$A0!0'+O4O!_HV]\G&2G2P\Y\W'`X#0_YR!]U>I/NJA\]ZOC^5D26YZ^
MLU."W)G<!*^9Q$QR(LF[B$F[:[?MMFZ5?12AC8V9=LNL'0Z+Z:[LR^Y=N')Y
M2(W%(<4VV\V2$/);X*<"5?"-5QS/*K)G==,RYW[7/-4^)\3ME[=W-N+%[K$X
MS&H8'I,(6AV*YHNI!%N6E9U'CQMQJ*5=1<PK5^Y&]6O+ZAKERXT.*[+E.I9C
M,(+CSJS9*4)%R2>ZK&?.2BFWHD3&!`R'4Z><IE"Y%V1&<(QN-!*%3%(-O6>(
MXZ;_`/L':3YTYO`TMN$LV7-/2RMB_N[V,4OJ!L+;.39VV74Q%-:4*0RT0PQK
M`TAQ219-[@]W;5N9+0RI]0Q[$E:KR^Y"UU7ZG;BVWG(V-Q2&6F_03)<??05^
MKJ4I.E/%-DIT\3SJ),P.K=4NV+BC!;JE$VUEG<OM_'Y1U@QG)C#;RV3]DK3?
MA?L]G=5DS=XUUW+<9M4JC8(<;7JT*"M)*56(-E#F#;MJ3U3/JA(4!,>O>#^;
MVQ&RK:;NXQ\>H1_@OV0K^WHJLC0?L&/SV5/?%^Q_6A"(LJ3$D(DQ7EQY+9NV
M\THH6D]RDV-10XVW<E!UBZ,KG3GJ]N29E86!R<;]45*6&VY;=FWD`"ZEN#X%
MI2D$D\#XT39U'3.M7;DU;FN:N\L_JM>KZ6M/JE.L-W&K2#:]N=KU<ZBJK0^J
M$A0!0!0!0!0!0!0!0!0!0!0!0!0!0!0!0!0!0!0!0!0!0!0!0''`6XV^'6U*
M0ZA6I#B24J2;\PH<0:I0^6J;BZIZE%VIUOW%B]$?,I_5X0X>HHA,E(^_\*_Q
M<>^E6C?8?7[D-+GW+VECVOOK;&Y6M6*F)4^!=<1S\M]/B@\QWIN.^K)IG4XN
M=:OK['KPWF)NSIIM?=$YF=DD.HE-)]-3C#GIEQ`-PE?`WM<V(X]]0XU/++Z;
M:OR4IK5"=O?JM*V?FV]NXC&,&!C660X'2L704`I0UI/E"46&HWXU#=#6YW5G
MC7%:A%<L:=D4:5N.#$VRK<,D%J(F*F64*X*LI`4E'WB2$^-6J;J63&-KS'LI
M4CO2#>$R3U"GF>N[FX4K6L7X!YJZVTCN2WJ2*JMIS/1LYSR9<W_[/AV9<G9+
M3<9R1<K;;2I9],:R0D$G2!S/"KG6.22J3!?7W#/9:'%A0'3"??;;?FR%!O0V
MM025I;&LFU[\2*IS&A?[!;=Q1BM*ZMFQZWG-L;5;G8R8_%;8?")R&%%`6R\-
M`U$<?*O3V]M3(]NN.XK/-!M4>O@^WM.>*'"EAZ";3UO2=SR4>5O5%QUQ]H_Q
MG!_N#\5$=5^O8>VZ_!?'MXB7U0W7_P!2;KD/-+UXZ'>+!'-)0@^=P?\`$7Q\
M+5&TU75\WSKSI^,=%\SXVIU+W7MO0U&D_-0$_P#T,DE;8'L0KXF_<;=U-A&'
MU>]8TKS1X,L>U.K>T,^ZRB44XS+`%+;4HIL=7,-/<`;VY&Q[JGF1U6'U>S?V
M_;+O^#&W/X.!G</)Q4\*5%E)TKT'2H6(4E23QL4J`(J6JFPOV(W8.$MC$5K;
M^!Z4X#(YUKULG,=]-E)=*4$ZE60V-(LE.HW4;&HI0U4<>UT^W*XJR9L>F._H
MVZTY`''(Q\^.I"Y'I$*0ZES5I7JTI-P4D&]$SUZ7U&.2I?;RR0F==-YO#)P\
M#CW=*L>M$Z4I)_OQYF$?A'G/B*B6IK.O9[4XVXO\=7X[BOX/*LY;#0LFS;TY
MC*'@!V:T@D>X\*NCI+%U7(*:WJIHMW]2MM;6>3%R"G7)RVPZB*PV5**"2`K4
MK2@`E)'Q5#9B9G4[6.Z2_+@96S-W1MVX%62BMJB*]1QA32RE:FUHY$VX&Z2%
M43J>F%EQR+?/'3<<V[KR&X)F<DHSTI<K(0W%Q5K6$ITAM9%DI2``F_$55'!Y
MUV[*XU<=91T,7"8>9FLO$Q4,7D3'`VE7,)'-:SW(2"HT9Y8UAW;B@MK+CU0S
M,7:&Q(VWL6?2>F-_)1@/B3'0D!YPV[2#:_M5>I?`[#JM^.-CJW':U1>&_MWD
M3P&Y,[M^1\QAYCD11(*VTF[2[?MMFZ5?144X')8V;=LNL'0KFV^N.&R+/Z?N
MN(F-ZJ=#DA*?5BK!X'U&SJ4@'\0J>;B=/B]>MW%RW53W=O65#$N8IS'1SBE,
MKQR4!,8QBDM!"18!.GA859&_M.#BN2G+NIL$'<O1/&9O<[F8,]R/'E+2Y.AI
M0%%2@`%>FX3Y-8'&X/=57$T^5T2%V]YE:)[48NXNINR/^IV\!DL*)T;'OB.9
M[J&W$LN@A)T-K!44I/!1OV<C4-E,CJF/YWESCS*+I7@Q_P!RYV)M_`S,M(MZ
M41LJ2WRUK/E;0/O*(%6;H;C)OJS;<WN)UT)W/)R"LW`G.:Y;CYR05[2^=+UN
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M2P;?W3@-P1OF,3,;DI'\1`-G$=RVU64GWBK)U.FQ\JW>58.IM:DR`H`H`H`H
M`H`H`H`H`H`H`H`H`H`H`H`H`H`H`H`H`H`H#D_;VT-Q;CDJ:Q$-3R`JSDE7
MD81]YP\/<+GNJE>!\XQ>GW;[^Q:<=Q8MI]"\'C]$G/.?JLL<?EP"F*D_=^)S
M\7#NJ>7B=3A]!M6]9_?+V"7UPQZ<;O*%*ACY8.0VRR6?R]"F5J3Y--M-DZ>5
M0UJ:KK\';O1E'3[=Q^[4ZX;AQFB/FD?JT,</5)")*1][X5_BX]]*M##_`&"Y
M#2Y]R]I3L>YTVW^XWD4QX\^;$2G4V^C2^TF]P'$'XDWY7NFIT9T-N6-E_<DI
M->OM[#3=;X>Z9N$C1,3"7(Q:%^MD%,>9R[?\-/I#S%`XJ-K\A21B==MWIVU&
M"K'>0-"UMKU(4I#B#;4DE*DGD>(L14;3BDW%\&7GH'F_FMLR<0M7YF,?);'^
M3(NL?0O74Q.S_7LCGLN&^+]C^M21;]P7Z+N[*XU*=+*7B['`_P`)[\Q%O`*M
M[JBFXYGJ5CR;\H[JZ%ZPCK6]NF+;;Z@IV=#5&D*/V9#8+94?^8G54[4=E8DL
MK%5?Y1IZ?ZZG.>-Q&0R.6CXAAL_/R'A'"#]E=[**NY%B3W"JU.%M8\IW%;2U
M;+OU"RL78_3V/A,8K1)D-_(PR."@G3^>^>^QY_M*%6>BH=EU&]'$QE".UJB^
M+[;V<^H02I+:$E2E$)0A())/8`!Q-1L.'47)Z;2B;3Z)[DR^B1EC^D03QTK&
MJ2H=S?)'X^/=2C9OL/H%RYK<^R/M';>G3C;6%Z<9=O%PQ\RVVAY<MW\Q]?HN
M)6;K(X#2#P384<50W&;TVU:Q9*"UX[]I,-J=3MU[;*&F)'SF/3P^1E$K0!_E
MK^-'N-NZFPYW#ZQ>L:5YH\&5O$]2-A[U@+P^70F(Y*`0[`F$!"S>X]-X622"
M.')5^RIJGM.FL]2Q\J/)+2NY_,9,1MC#[2Q$P8#'E3JDJ=+065.ON(2=""XX
M?<.-A4I4,ZSBPQX/RX_4YBSBLNK,2W<RTXSE'W5.RFW4E"@M9N>!^R.0[JHC
MY]E^9YC=Q4DV,/3;=$S%[PP_KRG#`*C#+*UJ+:$2#8:4DZ4@.%*JG>9W2<R4
M+\4V^79Z^U2@_P`P.#]7%X[-MI\\1TQGR/\`#>XI)\%IM^*ID;O]BQ^:W&XO
MXZ=NV\TW\O\`G/0S&1PKBO),:$E@'_$9\JP/%"@?PT6TQ/US(I*5M[]>W;<:
MKKA@_P!/WG\\VFS&592]<<O5;LVY]02??4/:8W[!C\E[F6R2[=N\9N@NUDML
M2MTRT@>H%1H!5P`;2?SG./M4--^XU*XFP_7L.D7=EOT7Q[>)/.H>ZCN;=,J>
MVHF$U_IX`_R6R?-_S%754&CZKF>?>;7XK1&LP6V\[GI7RV(AN2W`;+6D6;1]
M]PV2GWFE3'QL.[>=(*I8-I]!\?&*)6Y'_GGQ8B$R2A@'V+5P6Y]0J>7B=3A_
MK\(:W7S/AN$+<63S6RM^Y=G`R%0&4OAQ$5`'H%#B$K2DM'R$`*MRO5:&GRLB
MYB9,E;?*J[-W'8/^T^O&,EZ(VXV/T]\\/G6KKCJ/[PXK;^L=]6YN)N<+K\)Z
M7%ROCN&!SIGL3,YM&YVP9!>6F04LNA45UQ-B%E(O?B+FRK'MIRHS7TS'N7/-
MV[^YB7_,!F<BI^!B`PZUC$?ZAR2I)#3SYN$(2KD?33<V]I[JB3U-5^Q7IZ02
M?+MKQ?T)5C,OE,6^N1C93D-]QM3*W65:5Z%6)3?LY"AS-G(G:=8.C.B]C3V]
MW]-VF9RRZZ]'<Q\Y:O,HK0"V5&_-139?OJ5JCN\&XLG%2EO7*^WM.=X[L[`9
MQMT@IG8F4"I/^9'<LH>_3:J[CB(N5B]_JC+W'0?5#',[CZ<OS(@]0LMMY*(1
MS*4IU*^EI2JN]AVO5;2OXK:X<R[>!S]M_"2L[FH>)B<'IC@1KYA".:W#W(0"
M:J<3B8[O7%!;RV]6<W%VMLF-MS%GT79K8B,I2?,B*VD!U7#M4+)OVW)J7P.N
MZOD+'QU;AM>GHWD")`'L%0<2.FT^D^Z]PZ'U-?IN.5Q^;DI(4I/M;:X*5XFP
M[Z;3<8?1;U[5_;'B_D,^_NGV/V5M:'E,(^^C+,2VTOY/6I+Q0XA0TC19*4Z[
M<+4<39=0P(XME2M-\ZEM//:?7C)1-$;<;'SS`L/GF`$O@>U:."%^ZQ\:5://
M#_89+2ZJ]Z*_@-T8'/Q?F,3,;E('QH2;.(/L6@V4GWBK)U.GQ\JW>58.IM*D
M]PH`H`H`H`H`H`H`H`H`H`H`H`H`H`H`H`H`H`H`H#SCQH\9A#$9I#+#8LVT
MVD)0D>P)%@*$1BHJB5$8^/S&+R+DEN#)1),-ST9);.I*'+!11J'"X!XVY5"9
M2W=C.O*ZT)7_`##P08F%G@<6W7HZU=SB0M/_`,,U$CG?V2W6,)<&T14D`7/(
M<Z'(E^Z<8J'LKI_(W%E$Z),IKYR3?@L-`?D,CO-^7[2J+15.WZ99CBXSN2VM
M5?P7;B*&W.O&?B25C.1TSX;JU+'I`-O-!2B=*?LK2F]A>Q[ZA-FLQOV&<9?[
MBYH^WMVJ.CV(Z8=265R8CB6LI:ZW6;,2TG_-;/QCO(/<:G1FVE9Q,Y57Y=VC
M-9LK8&YMD[U;=!&1PD]M<9Z4R+*;^VTIUHFX\R;:DDCC4)-,Q\'IMS%OU7W6
MY:=D:_\`F#P@1)Q><0+>J%0G_%-W&C]&NI>TQ_V3'_&YZ/E\3`Z/]1</MZ'-
MQ>;>4Q%<<^8B.A"EI"BG2X@Z`I0OI!'#VT3H>/1.IV[,7"XZ+:AFZ786%E=T
M9W?#3!:A29#K6)0X+&RC=]ZW9J/#^L*B.VIL>EV(W+L\A+1M\OQ?;O-'D]NY
MOJANR1D8[@B;9A*,2'.6"H.(;59Q3".&LK7<ZCPM8=EJ;68E[%GGWG*M+4=$
M^/AV]Q2]J=/=L;90%0(P<F6LN<_9;ZO;95K)'<D"K)&\Q.GVK"^U:\=YO)60
M@Q%L(E/H97*<#,9"U`%QP\DH!YGPJ3+E<C&E72IXYV")^$R$$B_S49UFWWT%
M/^VA6_;Y[<H\4T<A)!"0#\0X'Q%41\Q>T=.E&TAN+=;7S#>O&XZTJ6"+I40?
MRFS]Y8N1[`:;3;=%P_.O5?XQU?R[;JE`ZB]7,CM_=3.-Q*&9#,-%\DVZ#9;C
MEBE"5CBDH1QOW\>52VZZ&[ZEUEV+RA'6FTS8.].FV_XR,?FH[<><>#<>79*@
MH_X$@6^H@]U*I[3VMYV+F+EFM>#^#%7=G0?*1-<K;4CYQI/F3#>(0^FW$:'.
M"%V[[&H:9KLO]?E%\UIU[MY29421NWIRY%F,+8GS8>EUAU)0M$ML=J3RL\CZ
M*MM1O9P>1C.,E]SC_P#)?4YVVIFW,#N3'94A0^3>!D(3\1;-T.I\="C53AL*
M_P"1>C+@_9O]A5.I>5VYOA6`PF`EIFY61+NAUH$I8CJ0?64Y<"W`!6GGY:2=
M=ATO4[EK+Y+=M\TF_4M_;N-WU(FG`[1A;1V^RM>0RB1`@QF1=P,(2`\OA[4\
M"H^V]3)TT,OJ4_*LJS;7W2^U>&_MZ32;.Z#L-I;E[H=]5?`C&1U$-CN<=%BK
MP38=YJ%$P\+]?BONNNKX%8@8^#CXJ(D&.W%C-BR&6DA"1[A5SHH6XP5(JB/5
MF0P^C6PXEU`)3J00H:DFRA<=H(L:%HR3V'/W7>!\OO9N2!PFQ&UW_>;4IL_4
M!57M.+_8K=+Z?&).?`$GL`YGPJ#0)5.A<.PQTUZ8KE2$C]24GUWFB?CF/@!M
MKP3Y4FW8":E:([JS%8.)5_EM_P"Y[C5;>ZU[>S$;]-W;#1&+HT./:?6B.?>2
M=2D>^X[ZCFXF/B]<M75RW52OI1^;BZ)8'*Q_U':4Q$;U1K;8*O6B+^XL:E(]
MUQW5/+P(RNA6KJYK+I7TKMZSZZ.1,_MO+Y+;6;B.1?F4B7#4?,TM3?D=]-Q-
MTJNDH-N?"HCM)Z+;N6)2M7%2NJ^(E]:L'^F[V=DH3I8RC:9*2.7J#R.CZ4A7
MOIO-1U['Y+_-NEJ/G2G>^`7L<8W,SF([N-#C+K<A805QC<H("OB&E6BP]E2F
M;KI&?;>/RSDDXZ:\.VAB]#MJQ8K,_=#@TL/K<CXM;G`B(VLZG3?EK*0/P]]1
M#B4Z'B1@I7=SV>`L3<)N7JANN5E8*/0PC:OEHLY^X:2PT3;0GXEJ4;J('`$V
M)%0G4P+N-=S[SFM+:T3?`I^T>E&UMNZ)'I?J&23Q^=D@**3_`);?PH_I[ZLH
MF^P^DV;&J7-+BQS)`(!-B>7?5C9BEU8@_.=/LPC3=3+29".XLK2X?J2:B6PU
MW5K?/C37I]1S%4'SPH/1/;;^3W:,EJ6W$Q*?4=6@E.MU=PVT2"+CFHCN[ZA+
M4WW0,9SN\_\`&)0=P]:<;A-W/8=V(J1`C!*),ME0+B'SQ6`@\%)2"`>-[WJ7
M(W63UN%J]Y;58K?WCK@MRX+/1?F<3,;E-_;"39:">Q:#923XBI3J;6QDV[JK
M!U-G4GN%`%`%`%`%`%`%`%`%`%`%`%`%`%`%`%`%`%`17J[U0DJDO[;P3Q::
M:NWDYK9LI2^2F&U#X0GDLCC?A[;T;J<KUGJS3=JV_%_#M_7>]`(I:V?*>M8/
MSG-/@AM"?Z0:F)F?KT6K#;WR^",[KC",C83[H%S#D,/^`*_3/U.4D>O78<V,
MWP:?P^)'>FVU#N7=4:(XC5`C6DSSV%I!X(_YBK)\+U!R_2</S[R3_%:L=^O>
MZ@MV+M>*OR-:960M^U_<MGP'G(^[4LV_[#F;+2\7\.W@1^ARI]LO/,/(?8<4
MR^V=3;K:BA:3[4J38BHH6A-Q=4Z,I6U.N>>QVB/G6_U6(+#YA-D24CQX(<]]
MCWTJSH,/]@G#2ZN9<=_U[:E`GL;$ZHXQM+,Y?S$;4MH(66WV%*`!*V%<".':
M/`U.C-W<CCY\-'L]:]!,<WT4WA`R#,>(E&0AR'4M)FM>4MA9MK>;)ND)'$D$
MBH=3G[_0+T)I1^Z+>WYE5W&RQAMO8C9>(66'\LI.-86FVM$<)U2Y'W@WJX_M
M*!J7IH=)D15NW&Q#1S^WT?R?;B.$&%$@0V(4-I+$6,A+3#2>"4H2+`#W59&Q
MA!122V(TV]MX8_:F$7D90]1Y1].'%!LIUTBX3W)'-1[!4-T,7-S(X]MREZ%Q
M(AL_-YK=/5+#SLF\7WP\M:$"X;:;0VM6AM/V4CZ3VU6FIRF#E7,C,C*3^AT=
M5SMSD?<T(8_<>6A\A&EOH%OV0X2GZJH?-,RWRWI1X29<MK0XW3OIJ]E)[8&0
M=1\U*;/!2GW`$LL>WRW2D]]S4K1'88EM86+S2_+:_'<NW>0&7+DS);\R4LN2
M9+BGGW#]I:SJ4?I-0CB;MQSDY/:SQ(!%B+CV4*#?M/JENO;I0RA_Y_'IX?)2
MB5`#V-N<5H^L=U-4;;#ZS>LZ-\T>#+)MGJKM/<K7R:I"L7D'DE'RSZ@VJZA;
M\ET>51]G;W5*D=3B]5LWU2O++A\F(.[.A&5AZY6W7SD&.*C#?(3(`Y^5?!#G
MOL?&HHT:;-_7Y*LK3KW/:;KHCLJ1C4SMP9:.N+*NJ+&:?24*;;0;O+(5RU*&
MF_L!]M3'B9?0L!VD[DU26S7V]O$;-DI:S<R;O)U.HSE*BX<J_N\?'64I*;BX
M+[@4XKNT^RBUU-EA?[K=Y_RTC_TKYO4;ZL;$AO5/JS*E29&!V\^6H39+4V>V
M;+=4."FVE#X4#D5#XNSASHW4Y+J_675V[3TWOY=M?#;1.DD?T.G>%1ITZFEN
M6_XCJU_^]4QV&\Z3&F-#T^]B3_,/"&C"3P.(4_'6>Y02M/\`NFDC4?LMO2$O
M%>X5>CFT_P!<W4B8^C5C\1ID.W'!3U_R4?2-9\.^HVLUW0\/S;O,_P`8:^G<
M;'KGNS]1SK>"C+O$Q7FD6/!4I8Y?\M!MXDU+VGO^P9G/-6ULCM\?I\R94.=-
MOMW=FX=NO^KB)BXZ2;N1SYV5_>;/E]XX]]10S,7/NV'6#]&XL.U.NN&G:(VX
M6?TR3R$I%UQE'OYK;]]QWU/-Q.HP^OV[FES[9>SZ&=U'Z>.[V;BY3%95!7':
M*8S*K+C.!1N5)<1<@JL./$<*-'MU/IO^6E*,MFS@1U'3S=`W+"P$Z$Y%D3'=
M"'R-;7ICBXXAQ-TJTH!/.]59S$>EWE>5N2I4NFYV(Z(>(V)C"8Z<FGT'O3-E
M-8V,D&0JXY*<%F@3VJOV59\#K\F*2C8AIS:>$5M]>P;(<.+"BM1(C26(S"0V
MRR@62E*18`"K&PA!122T2--O3>6,VIAU3YGYCRSHB1$D!;SEKZ1[`.:E=@]P
MJ&Z&-FYD,>'-+T+B2WIGN;.[HZF_J&3>*PS$D*:CHN&64**$Z6T^_BH\355M
M.?Z7F7,C*YI;HO3@6;,0Q.Q$V$1<28[K-O\`B(*?]M7.GO0YX2CQ31R`E*[!
M&DESX=('$JY6`]MZHMA\QI5T.AH3;'37I@IYU*3DU)]1Q)_O)SXLE'>$<!]U
M-3L1W$$L'$J_R_\`)_+X'/CKKKSJWGEEQYU2G'7%<2I:C=2CXDU".'G)R;;V
ML](,Z;`E(EP9#D64CX'F5%"QW7'9W&E"UJ].VZQ=&5/:?7F='T1MRQ_FVAP^
M?C@)='>MK@E7BFWA4U9TF'^PM:757O17L%N3!YZ+\UB9C<MK[80?,@GL6@V4
MD^(J4ZG36,BW=58.J-E4GL%`%`%`%`%`%`%`%`%`%`%`%`%`%`%`%`<<*#KK
MQ2A*G7G%V2D74I:U'@!VDJ)JFP^6T<I<6SJK8VWU;?VICL6NWKLM:I)'+UG"
M5N<>VRE$59(^CX./Y-F,-Z7M,'JKZ?\`Z>9PN'2D1[W[PM.GZZB6P\^J4_QY
M^'Q-!T[QL39'3R1G\FG1)E-_.R0>"M%K1V1WG5_651:*IA=-LQQ,9W);6JOX
M+MQ(3D\E,RF2DY&8K7+FNJ==MQ\RSP2D>P?"D5!QMZ[*[<<GJVQRVST:W=FD
M(D24IQ,-?%*Y()=4/:ED6(_$134VN+T*]<UE]B[]OJ_H/^/Z`;690/GILN8Y
MVE*D,H_JI23_`&JGE-U;_7K*_)R9F.="MAJ39*9;9_:3()/]H*%.5'J^@X[W
M/UF@R?0)Z,X)>W<TXS*:.IE,@:5`_NO,Z5)_JU#B8=S]?Y76U-I]_P`U\ARZ
M<)W^B'+8W<4*7'<2U#<\I=<2$W4M2T'2I/$!)L#SO4QKO-KT[_(46KV[8;Z3
MMW$R<Y#SCK).3@(6U'?"E"R'00I)3?2>?LJ:&7+'A*:FU]T395)['.?6S-O9
M#>SL+43&Q3:&&D=FMQ(<<5XG4![JH]IP_7\ASO\`+NCV[>!N.@6WG7\S,SSB
M#\O#;,:.L\E/.V*[?<0./WJE;3*_7<9N;N/8M/3V]Y=*L=<1*)M!&>ZUY9;B
M=>-QC[<N7P\JG/306VCXK%SW`U3><M#"\W/DW^,75]O'XF-UWW7\YEF-NQEW
MCX^STRQX*D+3Y$G_`(:#?Q5W5+VGC^PYG-)6ELCM\2>X/;N<STKY7$0W);HM
MK*19"+]JW#9*?>:BIH\;#N7G2"J4G#_R^9%U"5YC*-QB1<L14%U0[BXO2/[-
M31F_L?K;VSEZAB:Z`;12BSDR>M?[0<:3]0;IRF:OUVQQE[/D:[)?R\XY:%?I
MV7>;7]E$EM#J3XE'IFG*>-S];A_"37CV0;<QO6#:N7@XM6C+81]U+1=4HNML
MM_:5J-G6[)Y`W3?A4:HOC6LVQ-0?WVW[/C\"JY+'Q\CCY$"3J^7E-J9=T**%
M:%BRK*38CA5V;^Y;4XN+V,^,+B8N'Q,3%Q-7RT-I++.L@JTI%AJ(`XU"5"+-
MI6XJ*V(6^K&??PFR9KT911*E%,1AP<"DO<%*'>$!5N^DMA@]6R':L2:VO3MZ
M#FJ'"D393$&(C7)DK2RP@=JUG2FJLX&U;=R:BMK9UUA\:UC,3#QS7\.&RVPD
M\KAM(3?WVJY],LVU;@HK^*H3_KZRE>S8KEKN-SVO3`XDE3;B;"JR--^P0K87
M_5\&>^+98Z;=,5R9"4_J:D>LZ@_;F/@!#?>$<$^`)IL1>U%8.)5_E_Y/Y'/C
MS[SSKC\APN/O+4X\ZKFI:S=2CWDFHV'#SDY2;>UC;MSI3O3.H0\W$$&(OBF1
M,):!![4MV+A_JTVFTQNBW[NM.5=X[0_Y>$Z`9N<5ZG:EA@!(]ZU'^BIY3;0_
M6E_*?L^IZR/Y>(12?ELV\A7V?590L>_2I%.4O/\`6X;IOU?4UC.P.JNRG%2M
MNRT3HP\SL9@FR_O1G?*3]PZJK1H\8]/S,76T^9</H539&<R^<V\QD<MC_P!.
MEN*6GT/-Q"%:=>E8"D:B#Y35TZG085^=VVI3CRL]&MK1F]WO;F^8=7)>B"$(
MZ[%MM`6%W;X73<CB*4UJ66,E>\VNO+0W529)S)U5W&]F]Z3;K)B8Y:H<1'8`
MV;.*\5N7X^RU4WG`=9RG=OM?QCHAV_E\PC@_5,XXDA"M,*.KVZ3ZCI'OT"IB
M;?\`7,=I2N/P7Q^!9:L=00+IELY&3ZA9"4ZB^.P<MY=CR4_ZJ@RG\-M?N'MJ
MB./Z7A<^5*3_`!@_;N//K?NS]4W"C"QEWAXBX=MR5*6//_W:?+XZJ/:>?7\S
MGN>6MD??]/F3_'X[(9&4F)CXSLN2KDRRDK5;VFW(=YI4TEJQ.XZ13;'S%="]
MZ3$A<Q4;')-CI=677./[K8*?[5*,W-G]>O2UDU'MW&Z'\N\W1QSK>OV",;7\
M?4J:&7__`)I_W^SZF$YT5W]A9"9V"R++LEOX5L.+C.^'FN@CN*K5#BRG_!Y%
ME\UJ2KZNWK&G8^_][KS[&V-SX=SYQQ*E)FA/I$(;%U+6/X:QV:D'GV44G6AL
M<'/ONXK5Z'W<>WP*?5S>A0!0!0!0!0!0!0!0!0!0!0!0!0!0!0"9@.G_`$^&
M6;W-AFFW203'#3GJ1D+/-Q".(2O^CV`U5);368_3\;G\V"7P'.K&S$7=,IC<
M^YHFS(Y#L.*M$_<:QQ2&F2%,QCWNN:2H=B15'JZ&KRI*_<5E;%K/P6Q>D4NN
M6XY$[(0=GXU*GG=:'I3+?%2WE\&&0/?K/X:29J^O9+G)6(;=_P`%V[AFZ<]*
M<?MUEK(Y-")>>4`K6?,W'O\`9:O]KVK^CA4I&?TWI,+"4I:W/=X%!)`!)-@.
M))JQN13S'538>*=4S(RK;LA)L68P4^J_L_+"D_757)&!>ZI8M[9>K4U@ZW[(
MN/4^=90?[UR*X$CWB]1SH\/^:L;ZKT#+@=Z;5S_#$Y-B4Y:Y9"M+OM_AJTK^
MJK*29FV,RU=_"2?O]1NJDR0H#PG2OE(3\KTUO>@VIPM-V*U!`N0D&W$VX4*7
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MM*`?#41?W4J+MZ%M5DTEWBL_UEZ<,KT?JX=(YEIIY8'O"+57G1@3ZQC1_E['
M\C88KJ3L7*N!J'FHZG5?"VXHLJ)]@#H1>BDF>UKJ-B>R2].GO&4$$7!N#R(J
MQFA0!0"KN25LC.3'-HYY:1*\C[##Q4R5E0(0XPY<!2AYAP-^ZJNFPP,F5BZ_
M)N;>_3U&OV=TCP6V<R[E4/N37A=,$/A(]!*A97%/Q+(X:K#A11/#"Z/:L3<U
MJ]U=P]58VPC9%3&ZM^1,8W9W%[64)N16.*%3E@ICL^+8U+5WV%4VOP-9<I?O
MJ/\`&WJ_^K<O1]"?]9<_+W!NN-M?%)5)$%6CT6^)<F.#B/9^6CA<\KJHWJ:/
MK=^5Z\K,-:>_Z?,>.GW23%[?::GY1*)V;L%:E#4TP?V6DGF1^V>/LM4J/$VW
M3ND0L)2E]T_=X%!JQN33Y/>6U,6HHR&7BQW!P+:W4:Q^$$J^JH;2,:YF6H.D
MI)/Q,*-U*V%)<#;6=AE9Y!3@0/I5I%0I(\UU&P_YH8F)#$AI+K#B'FE<4N-J
M"DGP(X58S(R355J?="0H`H"6[GZ$XW)9(SL7.7`^8>+DQEP>LGSJ*EJ:)(4E
M7'@#<57EX&@R^@6[D^:+Y:O4HN$PV/PN*C8O'M^E$BHT-IYD]I4H]JE$W)]M
M62-U9LQM04([$8VZMQ1=O8*5E'_.6DZ8[`^)Y]?E::2.9*U6'UU#="F3D*U!
MR?\`5BHTI/3KIJ[+E%*\R_J??/\`BY"4;Z>\(/\`934+1&OJL/%<G^>W_N?R
M^!+.G_3G*;QF+FRW5L8I+A,J<>+CSA-UI:OP*KGS*/`=YJJ1SO3NESRI<\](
M<>)T%@=N87`0DPL3%1&9%M92+K61]I:SYE'O-72H=G8QX6H\L%1&P<<;;05N
M*"$)XJ4H@`>)-2>S=#6.;LVLVX&UYB"EP\DF2T#_`+U*G@\RRG1SCZT9\6;#
MEM^I$?;D-_MM+2L?2DFA[0G&2JG4]K"]^VA8*`*`QXF2@3%OHBR&WEQG"U)0
MA0*FW$\TK'-)\:5*0N1E6CK0R*%PH`H`H`H`H`H`H`H`H`H`H`H#DC"[CSF!
MFF3B)CD1PGSI2;MKX\EMFZ5>\52A\UQ\R[9E6#H5S:G7J`^$1]RQ_DW>`^>8
M!6P>]:.*T>ZXJ>;B=/A_L$)Z75ROCN*#@MLX+#";+PD9+;F34)#I*U$+7ING
MBK44@E1/O-2E0W5G'MVZN"_+43^G&P<Q$W!E-S[I;0<T\\M,4)4%H2%\5NH(
M_:!T(Y$)!]M5BN)K>G=/G&[*[=_-O3Y_(>\[G,;@\4_E,DZ&8D=.I:N9)Y!*
M1VJ4>`%6;H;:_>C:@Y2V(GT7#;JZB6GYUYW#;4<\T+#L*T/R&S\*WU_LJ'9]
M`[32CEM-1&S=R_NN/DM;HK:_'M\QWPNU=JX./IQF/C1D-7U.A(*^'/4XJZOI
M-722-G9Q;5I?;%+MQ-'@NK&T,_G#A(WK>HX5)C.O-@,OE`)(1Q)Y"XU`7J%(
MQ+'5K-ZYY<:U]C&!C:FVX^63EV,;'9R2$*;3);0$*TK^+X;"Y]O.IHJU,V.+
M;4N=12D;6I/<*`*`Y5W;C96V=Z9&+$<<BN17RY#>:44+2T[^8WI4FQX)5:J4
M/G>;"6/D2472CT'/:?7;+PM$;<+/ZC&%A\VT$HD)'M4G@AS^R?&E6C:X?[#*
M.EU<RX[RCI9V/U`./RC,DS#B7DOH82M2-"^82^PKO3VCLX&U3HS?)6,OEDGS
M<KK_`%1I>JFV]U;GS.%P\5E3>WRYZDR:A23I<X@J6B]_(W?1[5*J)5,7JN+=
MOSA!+_;WOMW%!QF-A8S'Q\?!:#,2,@-LMIY!*?Z2>9/;5S<6[<8148Z)";NG
M>^7D9A6U=F-(E9P"\Z<YQCPD^U9X@K[O=8GA5'+6B-=DYLW/RK*K/>]T0P_2
M/!H>_4-R/.;BRZ^+DB8HEH'V(:O;2.^]%#B+72H5YKC\R??\C,W)NC86SE1X
MLUAIAR0-3<:-'2I0;!MK4E`X)O\`_94MI%\C*Q\:BDDJ[DC*E;1V'NC&M25X
MZ+*BRFPXQ*:0&UE*Q<*2M&E8HTF>DL2Q>C7E33WF^@PHT&$Q"BH].-&;2TRC
MG9"`$I''N%6,JW!0BHK8CWH7"@(__,)@@N)C,XA-RRM4.0?W7/.V?<I*OIJL
MD<S^QV*QC<6[3M[1*VIU:W9M_0PMW]3QZ;#Y64HE24^QMWBI/@;BHU1J</K=
MZSH_NCW_`#+%MSJ9M3=494-N6O&Y!Y!08SJ@T\"H6NRY\*B+\+<>ZI3.IQNI
MV<A43Y9/=L?H,C'[=_Z+VA/8P##N2R`]:2@.%)>??</E*U>4'2+>('MHE1'I
M;Q_\>RU;7-+5^+%WHWLA^!%>W)F6E_K>04O0'TD.--E1*U*"N(6ZKB>ZW?2*
M,'HV"X)W;B_W)<=W]1[W#N'%;?Q3V4RCP9BL^]2U'X4(3]I2NP?[*ENAM\C(
MA:@Y2>@B1\=OG?P$O*27=M[8=XQ\='.F6^V>2G5_9"A_]W;5-6:N-N_E:R?E
MVN"VOQ[>C>;^%TWZ=X&(N0K&1O3807'Y<S\XA*1=2E*=U`<*LHI&5'IV-:C5
MQ5%O>OO,?$-=)]VH?8QT+'S/0MZS:8R6E@*N`H70A6D^T4T9YV8X=^JA&+IW
M4-KMC8>W=LRY<C#MNL"8$A;"G5K:0$DG\M*B;7OQHHI&3C85NRVX:5&&K&6%
M`%`%`%`+6:V6G+[IQ6:ESG%Q,42XSBBE/HEZQTNW%CJ2>/&_+L[:N.M3"O8?
MF78S;TC_`!W5$;J)C\UO'J#CMKI9?BXB&CUWI:D%*%A5O5=0HC2K2DAM/[Q-
M0]70U/4;5S)R(VJ-06K?;U>)5L=CX6.@L08326(D9`;9:3R2D?\`;B:N=!;M
MQA%1BJ)"?NGJ!-3ECMK:4097<-O]0LG_`$T0<M3RAVCV7^OA5'+<C7Y.?+G\
MNRN:Y[%X]OD8;'2=W*K$O>N8DYF4>)B-K4Q$1QOI0A.DV_JTY.)Y+I7F:WY.
M;X;%V]1[3=H=&L3)8QTZ'CHLF3_!9?7^8J_`'S*OQ/(FG+$O/%P[;49**;XL
M^Y/1K::7T2L.N5@Y2%!0=@OK3<`W(LHJYCV4Y%N$ND6JUAS0?<Q[`L`/9[:N
M;4*`*`@W6./DMO;Y9SN*D.PG,DP%%]E102ZQ9"P;<%`HT<#5&M3D.M\]B^KD
M'3F7N[(S]J=>WV]$;<\;U4\OU"*FRO%QGD?%'T5-6>N'^P[KJ]*^17,/G</F
MH@EXJ6U,CGFMI5R#[%)^))[B*E,Z6S?A<58.J,ZI/4*`*`*`*`*`*`*`*`*`
M*`XW7\:O$U4^5O:-_2K:G_46[&$O(U8_'VE3+CRJTG\ML_?6./<#4;6;;HV'
MYUY-_C'5CWU?ZD97$YR'BL%*,=^&!(GK2$J"E+'Y;*DJ!!&GS$=XJ6;GK/5)
MVIJ%MZK5_+MQ/;:?7G'2=$;<C'R+_+YUD%;![U)XK1]8IS<2^'^P0GI=7*^.
MX<,UMC"[Q?P^1<G&7BH+AD)AM*0N-(61Y2LB]]/]%QVT:J;2]C0R'&3=8K6F
MYFSW5"RDW;>2B8EWT,B]'6B*X#ILLCA97V;\K]E2]A[Y4)2M24-)-:$PZ/;3
MW5A<AE)6<97C\,J,IN0S)6G2XX%`Z[:B+(1JNL^VJQ1H.C8=ZU*3N:0IO-OL
M/IQL5G.JSV$RQRC41:A&CI6A:&%K!'F4GS*LDG3?ZZ)&5@]-QXW/,MRYJ>PW
M'5;>[FUL`VN(H?J<QU*(J2`;(00IY=C^[Y?%0J9.AD=5SO\`'MZ?E)Z?'MWC
M?!F,384>8P=3$EM#S2O:E:0I/U&K&QMS4HJ2V-5/:A<\V),>0E2F'4/)2HH4
MIM04`I/-)MVBA$9)[#FOJGN?%[CW()<&(]%<C(,227PE*EJ:6;'2DJMIN1Q-
M4VG!]9RX7KM8IIK1U$TD`7/90U!T-L^!%Z?=.'LKD6],YQOYR8@\%EU8LS'O
MW72GQ)J5HCNL.U'#Q>:7Y4J_@NV\3]K]>LM&6&=QQTS6%*)^:C@-O(!/+1P0
ML#W'QJ*LU>)^Q23I=55Q16,9N/#[GQ+ZL#DTAUQM20Z@`O,+4+!2FEV(*2?M
M"U63J=);R(7X/RY;O2O0>>R=G0MK8<0FEF3+>479\Y8LX^ZHW*E7*C8=@O\`
M7>D50C#Q(V(<JU>]\27=2\/U*D;]+V,1-<CGTOTEV*I09;LD:M120E!UW*M?
M,=U4DG4T'4K.6\BL.;EW4[:>D:M_=/,7NC)8U<K--8_.)82RZUY%^L@$JNAH
MJ0JX456-6:,_J'389$H\TE&Y2GCZ*CM@\1"P&"BXQA9$2`T$!UPBY">*EJ/`
M<3<FI2H;6Q:C:MJ*V10O].]^(W6O-$6"(<LB(`+$Q%I_*4KO44*)J$ZF%T[/
M61S_`.F6GAN'&K&S/PJ2"`2`3R'MH">]9MQ8&)MQ_"9!#RY>2:*X);1=(<:4
M"E2ED@#2JU[<;563W&FZUDVX6G"=:R6ASQ0X0?\`HUM(9O<XGR4:L?A]+Z@1
M<*D'^"G\-BL^`]M12K-YT+#\R[SO\8>_<.>^>L<W!;P_3L<PU,@PD!&0;7=*
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M=+"2EL-J4%E1))N3I'<.^I2/;I?2?\>3FY5JJ%%JQNPH`H`H`H`H#0;ZW4UM
MC;4K*$)7(2`U#95>RWU\$`V[!\2NX&H;H8>?EJQ:<]^[Q%/:?7'`9+1&S:/T
MF8;#U22J,L]R^:/Q\.^HYN)KL/KMJYI/[)>SMVJ.NX?UB7MZ5_TX^P,B^U:'
M(<42T-7V@I(5QM\/9>I>S0VU_GE;?EM<SV/M[#%V1L^%M;"HAM?FS7?S<C-/
M%;[YXJ42>-@3Y1_MO2*H>>%B*Q"G\M[XLE3^_P#J(GJ><<E3GIB=\NG$>F/3
M,;7;5>VKBWY_4O\`5PJE74Y^74,K_+Y-W-2G=VW^G8;CJ%T>SFX=UNY2#,83
M%G);2_ZY4%L^F@(.D`'6+"X%QQJ7$R.H=&G>O<\9*CX[BIM^AC<6GUWOR(3`
M]60X>.AI'F6H^";FKF_5(0U>D5M\#6;)W4QNC`-Y9EOTM;CK:F;W*2VLA-^\
MHTJ]]0G4\,+*5^WSK3:;VI,L*`E'7F;MY_#-05S&QG(;R'V(@N7"VX"A8-AY
M04G5Q]E5D<[^P3MNURM_>GL(90XTI_0C;DB7N!_-E2VX>/3Z8TJ*4NON#@E5
MOB"$>:Q[2*A+4Z/]>QI2F[G\8^_M\!TRG6S"8O=DO#RHSBX$50:5D&3K(>`_
M,!;X$I2?+<&]P>%3S&VN]<M6[SMR6BW]X\X?.8C,Q!+Q<MJ9'/VVE7L?8H<T
MGN-2G4VUF_"XJP=49U2>H4`4`4`4`4`4`4`4!QLX0"HGD+FJ'RO>="[*QT78
M'3E_+9%&F8ZW\[-2>"BM0LRQXBX3]XFI6B.ZP;4</%<Y;:5?P7;>0'(3Y>1G
MR9\Q6N5+<4\\K]Y9N;=PY#NJ$<3>NNY-R>UGY!@S9\I$2#'<E2G/@8925K/N
M'9WTJ+5F=QTBJLI>+V+OO9NW)^YDY+].DQFTO#%-6>0X-0"OF`?R^"2?AN>^
MHH]IT=C`R,6T[O-RM?QV^O=[QAVIUXQDK1&W&Q\@^>'SK(*XY/M4GBMOZQWU
M;FXF7A_L$)Z7%ROCN'?=&,9W9L^;`QTUO1/:`8EH4%MDI4%BY3>Z5:;*MV5+
M54;?)M+(LN,7^6\5>DW3C,[5ESY^6?:"Y+:641V%%:=*5:BXM1">/L]]1%&N
MZ1TR>,Y.;VDIZE[K_P"I=UR932]6/B_Z:!["V@^9P?\`$7<^%J@YKJV9Y]YM
M?BM$.?2_JI(:<P6TY,5/R^I48SBLE?FU%A(1:W`V1SHG30VW2>KO[++7=7W?
M(V/7]G+-0\;-CRWV\>M:XTN,AQ26BLC6VI24D7-DJ'&ID9'["IJ$91;Y=C7;
MTF+_`"]YL).4P*S8>6;'3XV;=_\`<-(GE^N9%5*V_'X/X"AU@P?Z5OJ8M";,
M9)*9K7WE^5W_`,1)/OJ-YJ^N8_EY#>Z6O;TATEVI_P!0;L96^C5C\9IE2KCR
MJ4#^2V?O+%SW)--K'1</SKU7^,=7\.WB,?7G=?S.0C[;C+NS#M(G6Y%Y0_+0
M?N(.KWCV5+,_]AS*M6ENU?;MM)/0Y@9=F;1WCF9K<K`-NQO3/#*:E,-(L>-G
M!Q5X)O5=IL^GX61<ES6ZQ[]A16^K&:VIGI&WMU(&41$*$G)QT!IXA:$K"E-$
MZ5_%V$&IJT;W_F)8]QVKWW4_DBF8#=&!W!&^8Q,QN4@?&A)LX@^Q:#92?>*L
MG4WN/E6[RK!U)/N_I)O'*;\?R41QM4.6^A]$]3FE<=*=/ET?'=&GRZ?JJKCJ
M<]F=(OW,ASB_M;V\!EZV[L.)VVG$1G+3LO=M9!\R8R?XJN'[=PCWGV5,C,Z[
MF>5:Y%^4_=O[>)).GN]5;1S#\XQU2F'XZF7(Z5!%U`A3:KFX%B"/?4',],ZA
M_C3<FJIHO\',2=T;%_4L4LPIL^(LQU)(46I`!3INH6.EQ-N56VH[6W>=^QSP
MTE*.GC_4YWP>[<M$W9CLWDI;\EZ+(3\PI]Q2U!M7D>3YCP\BCRJG><38S9QO
MQG-MT>_AO]A9>N6%3D-FIR30"G,6ZE\*'&[+OY;EOZR5>ZK2.HZ]8\RQS+;%
M^SM0Y\`42$I25*40$I'$DG@`![34,X=*KHCHC'M1^FO3)3SR4G(A'JNI_P`2
M:_8)1WA/!/W4WJ=B.[MI8.)5_E_Y/MZD<\O/O/O./OK+K[RU./.*YJ6LZE*/
MB34(X6<W)MO:P:9=?>0PRVIY]PV::;25K4K]U*;DGPHQ",I.D55E;QN=ZH;'
MV]'RF=2F7BG'D1T8V6LF6@+25!0=`5H'DMI65>`IJCJ;>1EXEI3N_=&M*/;V
M[4*#M/J9M7<H0U&D?*Y!7.!)LAV_[G'2O\)JRD;G$ZG9O_BZ2X,P^KVW]P9S
M:HBX4%UQ#Z79,1*@@O-)2H:020#91"M)YVJ)(\NKX]V[9Y;>VOK/+HYMW<6#
MVT]'S(4R77R[%AJ4%*:;*0#>Q(3J4"=(Y4BB.C8UVU:I<X[!\JQM@H`H`H`H
M`H#GKK9NS]6W(,3'7>#A[H5;DJ2K^(?P#R>.JJ/:<5U_,\RYY:_&'OW_`")U
M4F@'7IK(ZCB8&]J>HY$"OSVWN,$7YZRK@D_<\U5\#=]*EEUI:_'O_'M[2G[;
MZU8&9(5C\ZC](R+:U,K6HZHREH5I-G+#1Q'VP/&K*1O\;K5N3Y;GV2]GK*&V
MIAT)D-%+@6GR.IL;I/'@H=E6-RFGJB&X7#=4D=3T2)*9@2)A5+EK4OY1434;
MI2;^F4EO@A(X@^%>:3J<K9LYG^75UI75[J=M@Q]=MU_(X9G;\9=I.3\\JW-,
M9!Y?\Q8MX!56EP,OK^9R6_+7Y2]WU^8F]*.H^+VI#RD;+>JJ,ZI#\5#*-:O4
MMH<%K@"Z0D\3V5%:&KZ-U.%B,HSV;BP;WS>5@[,EYG!%M;[+29#:G$E:2R2"
MM0`(XA!U"K/8=/FWYQL.=NC=*^@E'3CJ1N.7OR(C-9%R3&R"5Q?259+2'%>9
MLI;2$I!U)TW[ZJMIS?2^JW9Y"5R55+3M[C9?S!X/2_B\ZVG@X%0I*@.%Q=QJ
M_P#;%2SW_9,?\;B\'\/B2%IEY]YMAA!<?=4EMIM/$J6LZ4I'B34,Y>$')I+:
MSH:8N/TUZ9!IHI.1"/3;5_B3G^*E]X3Q/W4U.Q'=3:P<2B_+_P`GV]2.=RI2
MB5+45+425+5Q))XDD^TFH1PDFVZLRL7ELIB9B9>+E.Q)5P`MDD%7[I3R7X$&
MC/;'OW+<JP;3+3A^K.>Q,6"=\XIR*S/U?*Y!I.E:@W;4IV-?4GXQQ']6BD]Y
MUMGJURVH_P"1'EYMC^:[>!2L3FL3EXB9F,EMRXRN3C2@JQ]BAS2>XU9,WEJ]
M"XJQ=49E2>@4`4`4`4`4`4!!L-T_9F]7\E!"0YB,5(^=D`<4V<LZTP?QJL1[
M$FJ4UH<A8Z:I9LE_"+K\4NW>9O7+<DC(96'M'&I6^MHI?E,M`K6M]0_*:"4\
M3I2=1\1[*29Z]>R93DK$->/CN1C;2Z$Y.9Z<K<;Q@1S97R3)"GU#V+7Q2CW7
M/A2C9YX7Z])ZW73NWEBP.V<%@(ORV)AMQ6S\:DBZUGVK6;J4?$U9*AT]C&MV
M52"H?6XX(R&W\E!(U?,Q7F@.]39`^NI8R;?/;E'C%G(J;Z1?G;CXU1'S)[1D
MV%D-UL;@AP=N2UQY$UU*%-_&R1S6MQH^4A*`23SJ/`V73+U]75&VZ5?H.A]S
M;QVS@51(.=D!L9(+0"4%2-*0`LN:;Z4G5:]7;H=ODYEJU2-Q_D(FX.B.`RT?
M]1VE,1&]0:FV-7K1%_<6DJ4CW7'=5>7@:?*Z%:NKGM.E?2GV]))\UM[<FUYS
M?ZC$<AOM.!<:1\32EH.I)0X/*>(Y<ZALYN]B7L::<E2F\Z`W0PSO+ID\_&2%
M.2XB)L4#CI>;`="1WW!15GJCM,J*R<5M;XU].WZ$*Z=YT87>.*GJ5I84Z&)!
M/+TG_P`LD_=)"O=45WG'=+O^5D1>ZM&5/^8'#H>P$',"P=@O^BOVJ;D"UN^R
MT)J9<3H_V&QS6E/?%^\V6U(,7IYTV=R4]`$Y;?S<Q!X*4\X`&F/==*/&YHM$
M9&);6%B\TMM*OQW(C&&VUNS>>4D2(D=4EZ0ZIR9-7Y&$K6=2M2S_`+J;GNJJ
M.5LX=_+FY);7J]Q8-I=#]OXS1)S2OU::+'TE#3&0>YOFO\?T5;EXG38?0K5K
M6?WR]G;M0I#33;3:6VD!MM`"4(2`$@#D`!5C>)):(Y\Z[P?E][(D@>6;#;7?
M]YM2FS]0%5>TXK]AMTOI\8B!#FS(,I$N$^Y&E-F[;[2BA8]XJ*&EM796W6+H
MSHSI5N'<F7VJO*;A6T64K4(LG3Z:UM-"RW'+>2VH$`@#E4Q9W?2<F[<L\]VG
M<S$S6U]B=2V!D\=D/]>V@-IEL*)4E()(0ZPNW"Y/8D]]-'L/._B8^<N:+^[B
MOBOZ$EW7TPW9MS6\]'^=QZ>/ST4%:0/:XCXT>_AWU&PYG,Z/>LZTYH\44+^7
MW.A[&9'"+5=45P2HX_RWN"P/!:;_`(JF+-W^NWZPE;>[7MVWDZZH8(8?>^2C
MI3ICRE?-L#D-#]U*`\%ZA44-%U?'\K(E38]5Z2U;`FL[JZ:L1I9UE4=S&S.T
MW0DM7\2C2JK+5'6=/FLC%2?#E?;P)CTAV2],WF^[.1>/MUPAZ_)4M"BEM/X2
MDK]PJJ-#T;I[=]N6RV_;V]Q[];]TJRNX6=OPR7(^--G$(NHN2W!\(`O<MI.G
MQ)HWJ6Z]E.Y<5J.O+[^WQ//:?1#<.5T2<RHXF$>/I$!4I0^Y\+?XN/=2C97#
MZ!<GK<^U>TLFV=D[:VTSHQ4-+;I%G)2_.^O[SAX^X<*LE0ZC%PK5A4@O3O-1
MUB@B7T^R9M=4;TI"/^6XDG^S>HEL,;K-OFQI=U'[3FGV'M'$'V&H/GZ="H=*
M]_[V=ST+`!P9.&\;+$HDK890+K6ET>;RI%@E5^/#A15.DZ/U+(E<5O\`)=^Y
M>);7<WB&<HWBG9C3>2>;]9J(I02XI&HIND'GQ%6J=6[T%+D;7-P,VI/4*`*`
M*`*`7M_;I;VSMB7DKCYHCT8*#]I]S@CA[$_$>X5#9A=0RE8M.>_=X]M3FO!;
M;W#N.8IK&17)CQ42_(/!M*E&Y4XZKR@GG[:H<)CXEW(E]JKW_4L.T^A&)AZ)
M.XGOU&2./RC=T1DGV'DMSWV'=5N7B=1A]`MPUN?=+V?4J$:-&BL(CQFD,,-B
MS;3:0A"1[`D6`JQOHQ451*B.6>H,'Y+>^;CZ=*?FUNI'[KUG1_OU0^>=4M\F
M1-=]?7J?FV-\[FVTL?I<LB->ZX3OYD=7M\A/E\4D4IP&)U*]8_%Z<'L.C-J[
MF=RFU(V>RK",4EYLNK"W!H#8/!S4H)TI4/,+]E63T.ZQ<EW+2N37+42>HG22
M;N*>[G\1D0])?0C_`$D@CTBA*;)#+B1Y1VV((N>=0UO-3U/H[OR\R$M7N>ST
M$7R^%RV&EF'E8CD.1V(=%@H#M0H72H=Z345.3OXURRZ35&=`])LHSGNGK,*5
M^8J(ES'24D\2A(LCZ6E)%3'8=MTBZKV,D]WVOMX$`R$29@,Z_%"BF9BI)2VO
M]YA=T*]]@:J<7=A*Q>:WQE[CH?>$9G>'3-Y^*D+7(BHGQ`.)#C8#H2._@459
MZH[C,@LG%;6^/,O?]":=#-J?J>=7G9"+PL7PCW'!4I8X?]V@W\2*A:F@Z!A<
MUQW'LC[_`*?(Q>M.[?UC<YQS"[P,/J9%N2I"OXJOPV"!X'VT;/+KN9YMWD7X
MP]^\QMI=(=TY_1(?1^E8Y7'YB0D^HI/^6SP4?%5A35E,+H=V[K+[(]_R+1M/
MIIM7;00[%C_,Y!(XSY%ENW[='#2C\(JRB=5B=,LV/Q59<6*_\P4#U=MXZ<!Q
MBR]!^Z\VH?[R!42-=^Q6ZV5+A+M[B)XK+Y7$2Q,Q<MR')']XTJUQ[%#X5#N4
M*BAR5C)N6G6#HRV],>J^6W%DD87)0`[*#:G%9"/9*`A`^)UL_#<D"Z3S/*I3
M.NZ5U>=^7)*.O%?$J`<;4M2$J!6BVM(/$7Y7%6-_4_:$A0!0!0!0$_VE!1L;
MI^_E<BA3N4E_ZR8@W+KDAXA+#%S<ZB5)3]XFJK1&GP[?^+CN<M9/5\:O8NV^
MIN=E;-9PK+F0G!,C<F1)?RDXBY]1PZE--'[+:+Z1;G:D8T,O#Q%;7-+6Y+5O
MX>`RNNMM-K==6&VFP5+6H@)2D"Y))Y`58S&TE5DEF=8'\OO3$X7;Y]/%.36F
MI,TINY(3K\P;"O@;/M^(]U4YCG9]9\R_&W;_`!YE5\=2N5<Z,Y%W!!,#/Y."
M1;Y:6^T!W)<-OJJB/F>7;Y+LH\&RL=!]KH9C2]U3`$AP*CP5+X!+2#=YVY]J
MAIOW&I7$Z7]>Q.6+O2WZ+X]O$G&_=T+W-NB7D@HF(#Z$!)[&&R0DV[-9NL^-
M1WFBZGE^?><OX[%X&+MW=>X-NR/6Q$Q<<*-W&#YF5_?;/E/CS[Z4/+%S[MAU
M@_1N*UM_K5MS-1_TW=D-$4NC2XZ4^M#7?]H*!4CWW'?4\W$Z?&ZY:O+ENJE?
M2BC;>QN'QV(;CX0I5C+K<BI0YZC8#BBHI;5=7EU$VX\*E(W>/;A"%(?CN.8-
MU;>S.&R;Z<GCEX]#[KBV$GS-:5*)"4.I\JK`V]M4/G^;BW+4WS1Y:O3@.73=
MK<.]=P0V,S.>FX7`Z92FG3=!<'!A"N'F-P3YK\`?;4TJS:]*=W*N)7&W"WK\
MNW"I1]PXMO>FYDX5]2O^G\$4/9-*"4_,3'$W:CZA]EMLZUV/V@*EJK-]D6ED
MW>1_^N&K[WN7H6WQ'2)#B0XS<6(RB/&93I:9;2$H2!V`#A5C90@HJB5$A>WS
MO[#[2@I<E7?G/`_*04$!:[?:)^R@=JC[KU#=##SNH0QHUEMW(\^FFY,GN/;(
MRV1T!]Z0^$(:3I0EM"]*4B_$VMS-1%Z$=-R97[7/+>V(O\P\$:,)/`XA3T=9
M[E!*T_[II(TW[+;^V$O%$JV_@Y>=S</$1>#TQP(*[7T('%QP_<0":AG-XF.[
MUQ06\M'5[-Q-M;-B[7Q?Y3DUL1DH2>*(;0`<)MVKX([[FI?`ZWK.0L>PK4/Y
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M5(R<PV2DDGB`H@$_LIO4[$=C:A_BXZ6VX_;)]O4C-V3T\Q>W&OFW[3L^_=R;
MDW!=1<<.I8;O\";GQ/;2,:'KA=/A9U>MQ[6-;KK332W75I;:;25..*(2E*4B
MY))X``58SVTE5D^Q'5=C/;[C8'#-!>+TO*D3W`=3I;02GTD\-*-7VE<_8*JI
M59I[75E=R%;A^.M7Z-PY;D@C(;>R<(C5\S%>:`[U-D#ZZLS99-OGM2CQBSD5
M!)2+\[<:HCYD]I=.BFWH^&VW+W7D;-*F(4IMQ?\`=PV;J*OQJ25>`34QXG9=
M#Q59M.[+2O\`]5V]B)%NK<,C<6X)F8>NDR%WCH/-MI'!I([PGGWWJ-IS&;ER
MO77,9MJ=8]U8/0Q,7^K8]-AZ4A1]9*?W'N)]R[TU1L,/KMVUI+[X^WUEFVIU
M(VMN4);AR?0G$>:!(LV]?]WC9?X2:LI'58G4K-_\7]W![1HJ3/"@"@)WEMO(
MW]NI?SBU#:^WUJCAI!*3*F\"_P"8<0AK@@GVZ@#SJE*LT]['67=^[_U6]/&6
M_P!6SW#Y`Q\''Q&XD&.W&BM"S;+20E('@*N;6%N,%2*HC0;XZ@87:41*Y9,B
M<\"8L!LCU%VX:E$_`B_VC[KU#=#$SNH6\>-9;=R-KMK)OY7;^.R;[:6GIL=M
M];:+E*2XD*L">/;1'OC77<MQF_Y*I">N<$Q]]%^WEFQ&7;^TH*FC]2!4/:<?
M^PVZ9%>*7R^`M[(VPYN7<T/%`'Y=2O5FK'V8[=BOCV%7!([S4&!T[$=^\H[M
M_@4[KKN9J'C8FTX-D>NE+LQ".`3';-FF[#]I2;V]B>^IEP.AZ_EJ$%9COV^&
MXFFU]^;GVRXG]-EDQ0;K@O7<85[?*3=%_:@BHIP-!B=3O6/Q?V\'L*QB.JFQ
MMV1!B]SQ&X;KE@6Y0"XRE<KH>L-!^]:WMJ:\3IK'5L?)CR751]^SUC/L_8N.
MVQ-FOX>4M6+R*4+^3</J!#B+Z5MNWN4E*K6-^SC1*AGX>#"PVX/[9;OD1WK=
M&BL[\=<92I*I$=E;Y4DI270"GR$BRO($WMVU#VG+=?@ED56]*OCVH8VW.I^[
M<9@1MG&M-/ETEF`ZI*B\V7U6T(`.E7F5Y;\J5:*8G5KT+?DQ5=RXZE<$1>Q=
M@1,1BT!_-R=,6$D?WT^1<J<)/V4>99)Y)34[$=.H?XN.H1_-Z+_J?R]R/W8_
M2C![=0W+F`9+-GSN3'AJ2A9XJ]%)Y<?M'S'ZJ*-!A=*MV?N?W3X_(=W'$-H4
MXXH(0@%2UJ-@`.)))JQLVZ"KMWJ+A]Q;DEXC$I4_'A,>LY/O9M:]81I;3S4G
MC\7T>VJJ53`Q^HPO77"&J2VGCU>@B7T^RO"ZHZ42$?\`*<2H_P!F]);"G5[?
M/C2[M?:<S4/GQ>^D>$B[8V9)W+D_RG)S?S*U*'%$1L$M)%^U?%7?<47$[7I%
MA8V.[L]ZKZ%\_D<RRNM^^SN>=GXSR(D^2^LE3>L#TTJTMMJ25%*DH0`+*IRF
M:NF1E/S5.:E+71KY;AJ:_FWZGH:2A<'$.K2`%.*:D)*C[2$O6^BK&R4:(^__
M`.+KJ9__`$W#_P#=R?\`\:A-`_\`XNNIG_\`3</_`-W)_P#QJ"A\N_S>=34M
MJ4,9A[@7_AR?_P`:@H=:?-N?I7S=AZOH>K;CIU:-7T4(-'NG`9?+9S;SC:VO
MT;'2_G)S*B0XMQM!]!0X:2E"^S_V55K4PLFQ.Y.']D75_`9JL9I'>O.[WVDL
M;7B+*$OH$C)*2>);)(;:\%%)4KW567`YG]@S7%*U'?J^W;<)G1[%+R&_H"@D
MEJ"ER6Z?9I3H1_;6*C>:GH=ESR$_[=>WIH=*U<[PYPWSMN5DNK<W#0Q9[(2&
ME!0'!"7&4K<6;=B$ZE&J/:</GXKN9KA'>U[JC_U:S<7:VRHNV,7^4Y-;^5;2
MGXD1&P`ZHV[5\$]]S4O@;GK&0L?'5J'\E3T;_7\R"T.*,_%X'.995L9CY$WV
MJ9;4I(\5VTCZ:BID6<2[<_&+8P-=).HCJ-0PZD@]BWF$GZ"NIU,Q=%RG_#VK
MYF5C,3U:V:XJ1!@S&&0=3S383)CJ^^V@K'O%CWU6E#(LV<[%UBI4X;5[*CW@
M>LNV\XR<1NV"F&\[^6Z%H+L5:B;`*2H%;9OV*!\:GFXFXQ^LVKJY+T>5^P>\
M+M;%[:Q\UG;\1+:Y"ER$M+6K2IW39""LZE)1P`[JLE0VUG%A9BU;6W7TF-T]
MPV2Q>VT(RR0G,2WWY>3(*5:GWG5$G4G@1IT@=U1%:%,"S*W;^_\`-MM^+9ML
MYEXN&P\S*2C^1#:4ZL#F=(X)'>H\!5FS(OWE;@YO8D<I9[.9#.963ELBO7)D
M*U$?90@?"VCV)0.`JA\XRLF5ZXY2VLZ3Z88QS&[#P\=Q.EU;/KN#MN^HN\?<
MNK1V'>]+M<F/!=U?7J:+KQ%#VQTO6NJ-,9<!]@5J;/\`OU$C#Z_"N/7A)?(T
MO0K;#<3'R]US@&_72IF&M?`)8;-W7+GL4I-K^Q/?2/$Q?U_$Y(.]+?L\-Y,=
M[[G<W+N:9E23\NH^E"0?LQV[A'#LU<5'O-0<]U'+=^\Y;MW@:(D"W?RH8*1M
MH.TMU3T!</#S'VSR6EA83Q_>(`I4R[>!>GLA+U&PC[1ZBXB0F=$Q61B2&^*7
MV$*U`=^B]QW&H,B&%EV7S1C)/NJ/&V^N>3@N)@;NA+7;@93;?I/@>UQA6D*\
M4V\*E2-QC=>E!\M^/I^:'3%[4Z;;AR43=.'0TMZ,[ZI,4Z&RZ!=/K,VX+2?-
MR!O4I)ZFUM8N+>DKL*57#XHS)\#-3^HF-=?C%.`Q45Z1'?U)*7)KMFO,F]P4
M-J5IN/;3>>LX3GD1;7^W%-_]VP;*L9Y$>N6]WW9O_2L)PHC,A+F44D_Q%J&I
M#)_=2+*5[3;V55ZG*=?Z@Z^3'_N^7;X&OZ!XY;^[94ZQ].%$4-79K>6`D?U4
M*HMIC_KEINZY;DO?V9?JL=F<M8G:+^8WVYMUJZ6Q,?1(<']W'9</J*_JBP[R
M*\^X^?6<)W<IVUL4G7P12^M^XV,7@HFU,?9HRD)+[:.`;B,\$(_&I-O!)JTN
M!ONNY2M6E9CI7W+M["'T../MEIUYSTV&U/.?L-I*U?0D$U%2T82EHD;!.U]T
M$!Q.'GV'F2L1GN!':#IH9"Q+ZU4)>ICAMSJUO/;*T1<RT[.A)X>E-"VGTC]Q
MU8N?!5ZBM#;8W5\BQ]MQ.2[]I8-J]1MJ[E2E$*4&II'F@R+-O`_N@FR_%)-7
M3.FQ.I6;_P"+UX/:;#=^0RN/VUD)>)BKFY)ME7RC#0U*+BN`5I[0F^HCMM23
MHCVRIRC;;@JRW!M#%)Q.V,9`%];,=!>4J^I3JQK=4J_:IQ2B:):#$M>7:C'N
M]N_VGSO#<T;;6WI>7?&LLITL,WMZCRSI;1[U<^ZC=",S)5BVYO=[SEG+Y3)Y
MG(OY"<Z9$^6JZE]YX)0D=B1R2*H?.[U^=ZYS2U;.LL'!,#"P()`!BQVF2!RN
MV@)/]%>A](L6^2W&/!)$C_F'A@2,'.'-27V%'P*%I_I-59S7[+#\)>/P-OT@
MP<7;6SY6Z,I^2N:V9"EJ'%$-H$H`OVKXK[[BBXF5T;'5BP[L_P"6OH^OR(QN
M'.2L[FYF7E<'9CA6$<]"!P;0/N(`%0CD\O(=ZXYO>:XD`7/`5)CGVTR\_P`&
M6EN_\-*E_P"Z#45+QMR>Q#%MS?&[]IJ2F(ZXB&#=4"6A98/MLE5BB_M0145X
M&QQ<_(QM%^/!E5Q'5+8F\(B<7N6*U$><L/3E67'4H\+MO<-!^]I\:FJ>TZ*Q
MU7'R5R751]^SUFPP/1[;V(W2QGH4AQR(RE2XT)RSB4.J%DN)<YE*4DV!OQL;
MU*B>N/T:U;O*Y%Z<#.@N2<OU*G.R([C4+;L5+$#U4%(6_,-W7T$CB-#?I@CO
M]M%M,B%;F2VUI;6GC+?[*#E5C8D,ZU;_`'Y<]W:^.=*(,8@9-Q)_BN\_2N/L
M(^U[5<.RJ/4Y+KO4FY>3!Z+;\C)_EX@J,K-3R/(E#,=)]I)4M7T"U2MI?]:M
MO[Y>!6MQPQ-V_DX9%Q(BO-V[U-D"K'1Y,.>U*/&+]QS+T_VNO<VY86-4"8H_
M/GJ'8PW8K%^S62$#QKS6IP73<3S[RC_':_`I?7/=*&&86U81"`YHD3DHX!+2
M#^2U8>U2=5OW1[:M+@;S]BR^6"LQWZOPW+MW''#W_P"8>_XKG^^:L=1;_"/_
M`$KW#WT;Z53NH>YC%47(V`@`.9B>W8*`5_#8:)!'JN<_W4\?8"+-F\RO1!E_
MK;(Z?8&8MC&1H[,N1/F.-N/MLJ:"W2E(]/U5W("4I3PYG@#0BIK,%TS&8Z;9
MG(1<:^]O'&YEC&1VV9*5M+;>]-1UI2HL72E9&O7;E0$_SF)RF(ER\9E8KD'(
MQ3HD1'AI6@D!0O:X(*2""#8BA)_1'_\`=[_])_\`*H5-C0`2$@DFP',F@([U
M5Z6;CRN;D[@Q2D30\AL+@?`ZD-("?RRHZ5WM>UP?&JM',]7Z1<NS=R#KW#5T
MJV"O:N)<>G:3F)^E4K2=0:0F^AE*NVUR5$<SX"B1L>D]._QX:_G+;\AXJQM2
M?[*A1,EN;/[\=TB,^XJ'BWE<$_+10&W7P3V.*;X'V#OJJU=3485N,[L\A['H
MO!:5]GO(_N?*93?>]G7,:RN2I]7H8R.GF([=]*C?@D'BM1/`7JM3E\NY/,R'
MR*NY>';4JFR^B6%QK;<O/A.3R/!7H&_RK9]@2?XA[U<.ZK*/$Z+!Z';MJMS[
MI>SZE*:9:9;2TRA+;2!9"$`)2![`!5C>))*B/JA(4!K,AMC;^1FQITV`R]-B
M.)=CR2FSB5H-TG4+$V]AX5%#PN8UN<E*44Y+>;.I/<*`6^HFW<CN+:DO%8]U
M#4EXMJ'JDA"@VL+T$B]KZ?94-&%U'&E>LN$7JR,[2Z0[DF[E3$S<%R'C8B@N
M:\NQ0ZD&X;94DV7KMQ(Y#OL*K2IRV%T2Z[M+BI&.WO\``Z)2E*4A*0`D"P`X
M``5<[81^K#*\KCL;M:,JTW.3&T"W$H88_-?>\$`#WFJRX&KZK'S(QM+;.7L6
MK?H-+UASL;;NT8FUL7^2N:V&`A)XHAM`)5_7X([_`#4?`P^M9*L6%:A_+3_M
M^OS)YL/I?F=U$2E$P<,#8S%)NIRQL4LI/Q?>/#QJ-IH^G='GD?<_MAQX^!<]
MM]/=I[>0DP(*%21SF/V=?)]NM7P_AL*LD=?C=/LV?QCKQWC'4F:%`865PF(R
M\<Q\G#9F,GAI>0%6\">(]U0T>5VS"XJ22:,?;>V,-MR`J#B6?1CK=6\H%16H
MJ6>U2KDV%@+]E$J%,?&A9CRP5$;6I,@*`YPZB;$W@QN>?/7`<F1\C+6N,_%!
M=!]57Y:%`>9"K6'$6[ZH]#A^I]-O^<Y4YE*6E"O]+]E+VMMT,R@DY28KUYQ2
M;A*K60T".80GZ[U9(Z;I>#_CVJ/\GM^0W..-M-J<<4$-H!4M:C8!(%R234FQ
M;2563GIECHD6)G-]3[,IS#TB4RM8MZ<!*U.!7_,^+P":I'B:;IMJ,%._+3G;
M?A';V]!&LO.S&\]VR),:.Y(FY!TB+%1Q4EI/!M/L`0@>8GAS-14Y2_.YEWVX
MJK;T15=H="<;&0B5N9SYV2;'Y%I12PCN4H64X?H'C5N7B='A=`A#6[]SX;BG
M8_%8S&LAC'Q&8C(%@AE"4#A]T"K4-];M1@J122[C*H>AY28L64T69+*'V5?$
MVXD+2?$*!%"LHJ2HU5"Q&Z7;,B;AC9V'"^6E12I3;+9LQK4"`OTS<!2;\--J
MKRHP8],L1N*Y%4:]0V58V`4!.>MV!W#F,%"1B8RY;49]3TMEL@N6""E!2CFN
MVH\!QJLC2=<QKEVTE!5HZLG7278LS-;B:R$MA;>*Q3H<>+B2GU)"#=#("AQT
MJLI?LY=M0M31]&Z=*Y=YY*D8/V\#HNKG;DXZG8=&YMS[9VVGB-;T[($<T1$:
M4$GV>HKR)[ZI+5I&EZG85^[;M>+?A]?>:;KMN=N+`B;4A$(]8)?FH1P"6&S9
MENP_:4F]O8GOJ7P,/]@RU""LQW[?#<(VQ^F&>W44R4_Z'$WXSG4DZ[&Q#*.&
MOQ^&HVFHZ?T>Y?U?VPX_(M&WNDVRL,E"A!3.E)YR9EGE7]H01H3[DU*B=7C]
M)L6EI'F?%Z_0;FF664!ME"6T#DA`"0/<*L;%)+1'ZZTTZ@H=0EQ!YI4`H'W&
M@:3VBCN'I1LK-(6504PI2APE0P&57]I2!H5[TU5Q1KLCI-BZOQY7Q6AOMM8&
M)@,'#Q$0J4S$;T!:_B4HFZE'[RB3:I2H9>-85JVH+8C95)[GXHJ"24C4H`V3
MRN:!G(^7QF>9S+D;)0WVLK*>4KY=:#ZCCCJR?)^WJ)X%->=:'S;(Q[OF4E%\
MS9TCTVVFK;&UH\%\#Y]XF1.(XCU7+>4']Q("?=5TCNNFX?D65%_EM?B,&2EL
MP\=*EOJ"6([+CKJCR"4)*E'Z!4F9<FHQ<GL2)OTHP\/:NQY.Z,H/1=G-F8Z5
M#S(BH!+*!?M5?5;MN!5([*FEZ38CCV'=E_+7T;O7\B.3)N5W/N=R7Z2W\CDY
M&IN.@%2@#P0A/<A``O[!4')7YW,FZVE64B/XC;>8SVZ4;>QK8.3E2G6;+-FV
M@VM7K.NJ')ME*2I1[J]#Z5!4BEW+W'1?\N^X<4]OO);6VTXH[2P&,(B/D!)R
M$QR0@2<DZ!Q*G5)TMW/E;`M:]J$FGW/N3!;<_FSF97.RDPL:G&(87+6E2D(6
M]$`1JTA1`)%KVH"?8C*;4QO2C/[2_78SV0EYR),C%#4A#3L>.60XL$M\$W0H
MI"N*@+VX@4!KNN^Y,'N;J+E,]@Y:9N,F1XR670EQLA3+0;6E2'$H4#<>SE0E
M'</_`.[W_P"D_P#E4*FQH#SDQV9,=V.\D+9>0IMQ!Y%*A8CZ*%914DT]C.><
M;U$WALC+RL(\[^I0<>^MCY:425!"%626W>*TW38B]QW5YJJ.,AU2]BW';E]T
M8O>5K:75/:NXRAAM[Y+(J_\`HI-D*)_RU?"OW&_=5U(Z/#ZK9OZ)TEP9[]0L
M?N[)XIK%[?4TRW.<#.3EJ7I=:CK("RT+6/"]^-[<NZ)5W'IGV[TX<MNFNU]P
MK]6<Q'V[M"%M'#)*9$]"8C+#?%:8J+(5P'&[ALCON:B6BH:_J]Y6;*LPVRT]
M'U]NIO\`IIL&/M7$!3Z4KS4M(5.?''3VAE!_81]9X^RUDC+Z9T]8]O7\WM^1
MOMQ[GPNW,<K(9:0&&!P0GFMQ7[#:1Q4:-T,S(R868\TW1"6UF>J.[/S<-&:V
MSAE_PI<U/JRW$G[26B+)OV7'OJM6S6J]E7]8+RX<7M]7;Q/<=+\X]YY^]<NZ
M[VEE890/!(*JGE?$E]+G+\KLZ]SI\3Y7L3J!C!ZN"WB_(6GX8N40'FU=Q7YB
M/HJ.5\0\'(A_Z[K?=+7VZ^X><3^I_ID7]4+1R/II^;]`$->I;S:-1)M>KHVE
MKFY5S?EOH95#T"@)5U>RNX]KYC&[@PLI33,M*HLR.KSL+6WYVRML\+E)4+BQ
MX526TY_K%^[CRC<@]'HUN[?(R-J=<\#D=$;.M_I4LV'KW*XRC]_XF_Q<.^IY
MN);#Z]:N:3^R7L[=JE(1(;=C>O&4F0A2=32D*!2OAPLH<./MJQO%)-56HF;0
M@9MS+Y?=V[&!!E@*B08JEI6B+":\ZR%@Z3ZBN)5VV]G"J);V:[$A/GE>O+E>
MQ+A$G^"PSW4_?<[.3@I.WHBTH"#<%;:/X+`]FH>=RW*_?4+5FEL6'G9#N2_]
M<>R7S^I=F66F6D,LH2VRVD(;;0`E*4I%@`!P`%>AUB22HA,W%U-AQ,BK"8"&
MYG\\+A46-_":/;ZKO$"W:/IM57+<C79'4E&7);7F3X+XLP4XCK'EQZDW,P\`
MTHW$:&R'W$CV%:_]BJBC/'R<VYMG&WX*O;UGU_T/U*8_,B[X<==!N$2(C90?
M'S*_HJ:/B/\`"REJKW_Q_J;C:B^HK<YZ)N=J$]#;;U,9*(HI4XO4!I+1Y<+D
MFPHJ[S*Q7D*35WEIQ0TU8S@H#6[DASIF!G,8]]<:>IE1B/M&RDO)&I'N*A8]
MU0SQR(RE;:BZ2IIXDFVGU[DMZ(VZ(OJ`<#/C)LL'M]1GD?P?U:JI,YS$_8=>
M6ZO2OD5W#9W#YJ()>*EMS(YYJ;5<I/L4GXDGN(JR9TEF_"XJP=4*_4!.Y,M+
M@[6Q\1YK%90VR^83;0B,FY<920;I4M(M<^VP[;1*KT,'.\V<E:BGRR_*7=P[
M>`O=:<VJ/CL=LO#-WDY#TTJC,\PPA00RTD?YBQ;P2:B3W&#UN_RQC8M[9>[<
MNW`:NG6P(6T\4`H)>S$E(,^7;MY^DV>Q"?KYGNLD;#IO3XXT*?S>UF\SVX</
M@<>N?EI2(L9'`*5\2E?LH2.*E=PHW0R[]^%J/--T0E(WOO\`W'YMIX%,3'+_
M`(>4RJB@+%_B0TGC;^M5>9O8:W_-R+W_`*84C_=+M\SV_P"G^LCGG<W3!95_
MAMPTJ0/>I-Z4EQ)_Q\Q__LBO0OD?"I76?#*"WXV/W'&N-0CDQG[$VX:K)^HT
M^Y#FS;>U1N+NT?P*$@J*$E0TJ(&I-[V/LO5S;H_:`*`E&[NHVXME[U>B26QD
ML),0B5&:79#K:5>5:6W`+$!:2=*AV\ZHVTSGLWJ=S%O\LONMRU7=VU'/:O4'
M:VY4!..E!$NUUP7K-OCV^4_%XI)%63-IB=0LWU]KUX;S<Y;(''8V3.$=Z68Z
M"L1HZ=;JR/LH3VFI9DW;G)%RHW3<MHG;+=?CXC*;\W(/EYF227U-J!!CP8X/
MH,)"K&YXJ/[1/MJD>+-=B-QA*_=T<M?"*V+MMTWB#L;:DKJ%N>=NC.I/Z5ZY
M4IGC^:L6T1P?\-I%@KV\O;4)5--@8CS+SO7/PKZ^[P1>&FFVFT--(#;38"4(
M2`$I2!8``<@*]#K4DE1"?N+JAA,7..*Q[+V<S=[?I\%.LI/L<6+I3W\R.VJN
M1K\CJ4(2Y(ISGP1KTY'K5D@'(^-QF&95Q2F4XMYT`^W1<?54?<>/F9L]D807
M?]/D!7UPA666\/E4CFT@N,K/@5:$T^X5SH_V2[>@9-I9_,Y>-(.6PKV&DQEA
MI2'5!:'#:Y4TH6NGOJR=3-Q;\[B?/!P:-]4F4%`+'47+YS";;<S.(*%.P'$.
M26'4ZD.L$Z%I-K*3;4%7![*B3T,'J%Z=JUSP_CM7%&BVMU?VCGG6&\FA&+RC
M9_)^9TJ:U*&D^D^0`">7'2:CF,/$ZS8O4YOMEW_!E$2H*`4DW2>((Y$58W1/
M]X9-W<>Y(^PH;;B8JM,K<,HI4A/RC9"O1;40-7JJTI4H<.-O;:DM=#4Y=UWK
MJQX[-LGW</K]30];L\^^YCME8A!<DRE-N2&&K"XO:.S8<!=0U'V`#LI)F#UR
M^Y<N/#;+;\%V[AOZ>=/,?M3')4M*7\T^D?.3+7M?CZ35_A0G^US/L%DC9=.Z
M=#'AQF]K.?.B^T]L9[%[_9R>9&"G3\D]C5S4.LM2#CRLNO,-^M?2EY:K.$#B
M!:I-F5KH_P!(]C;*SL[(;>W"YEY4F*F.]'6[&<"&PX%A5F$I(XBW'A0$K_FO
MVC@H6;:W3'R*GLUDWF8DS&%;12RRU'44.!`'JC5H'%7#CX4"(%0D^'_X*_`T
M!_1O_P#=[_\`2?\`RJ%38T`4!SYUUQ;$7=[<YE:#^H,)+Z$J!4EUGR'4D<1J
M1IM>JO:<5^PV5&\I+^2]W9$X(!YU!H$SH'HDYN%>V'\AEYSCV.6O3CFWSJ*&
MF;AQSU%>;25<`">&FIB=ST-W79YKDJQW5[NWL-AB-X]-]X9*,Y^4<M!=*H`E
MH#;UTDA*F5'X@>8`/NI5,][.9C9$ELYXO2NWT#L^[Z+#CNA3GII*_3;%UJTB
M^E(X7)[*L;.3HJD[VEMC([ERZMY;OCJ0X%J3A,*^"$Q6DJL%K0K^\)':._V6
MHE75FGQ<:5Z?G7E_TQX=OKPIX;^ZQO;:W(<1%QR92(R4+FN..%!/J#7I;L#R
M2>9[:ER///ZUY%WD4:\37=8!N_+Q,).P3<QW"R&`\MJ(%^H'7`%(+J6_-\!L
M.P&]1(\.L>?<C"5KFY&JZ?$H.Q&L\UM+&MYXJ5E4M?Z@N'4Y;4=`6>U81;5W
MU9;#<X*N*S%7/S[?`V,#,XZ?+GQ8KH<>QKH8E@<DN*0'+?0KZ:5/:%Z,FTOX
M[3-J3U"@%'JM@_U?8V1:0+OQ$B8QV>9CS'Z4:A[ZB6PUO5K'FX\EO6OJ^AS&
M""+]AJ#YZ.'3#*;M;W+"Q>"F+9:E.7DL+'J,!I/F=66SP!">1%C>H\#;](OW
M_-4(/1[>!>-T[JVCCGF<+N"0VVG*MK26W02T6^"3ZIY)2J]@3PYU9M;SL<G*
MLP:A<?Y=M3/VYA,'AL4W$PC:&\>5*=;T*+@47#J*M9*BKNX\J)'KCV86X4@O
MM%CJ#E=PS)\/9^W@Y'FY-!<FY72H(CQ4FRRA?`:SRX&X\2"*R;V(PL^Y<E)6
M;>CEMEP7;MJ9)C[9Z9[/>D1XZE-,!/J*%B_)>60E.M9[2H^`'*IHDB[5K"LM
MI:+UMF#MCJ8]NS!YG]+@F+G8#"EQXRE!U"U*2KTBE5DW\Z;$$43/#%ZI_DVY
MN"I<BM%M\!6Z.9O?\W<\EG)NS).-#2S-,P*`:>!&@(U@:5$W!2.SLX56+U,'
MH]_)E=:G5QWUW=N!7YV2@P`P9;R61)>1&8U?;>=-D('>:]#H[EV,*<SI5T]+
M,FA<*`*`Y<ZE8(X7>V3BI1H8><^;C<+#TW_/P[DKU)]U4/GO5L?RLB2W/5>G
MM0T6-RF2Q<M,S&RG8<I/)UE122/8KL4.XTH8=G(G:=8.C.D>G>X<[D=FIS6Y
M"RT"''6WT)*-49L?Q7$\@391\O"UC4Q>AWO3LBY.QYEVB^7%GWBL-L;.YYK>
MF,=1,G!&CUVW"I%RG0DK:5\"THX#@**CU+6K-B[<\Z.LC>Y[-0L)AY>6FDB-
M#;+CFD%2C;@$@#M)X5+=#*OWE;@YRV(1-I;4F[IFM[SWBWZBW?/A<,KBS&8/
M%"U)/!2U#CQ'>>/!-4JZLU6)BROR\Z]_VQW)=NW#,F]9=LP]TG`K9>*&WA%>
MG@)])#VK21IOJ*4JX%5JGF+SZS9C>\O7;2NX4^K6^=\8?=[<+&ON0X:&VUPT
MH;"Q)6KXKZDJUV5Y=(_VU639K^K9^1:OJ,-([N\L.,>E/XZ*]+:]"6ZRVN0S
M^PXI(*T_A5PKT.DM2;BG)4=-3TBRXTIHNQG4O-A:VRM!N-;:BA:;CM2I)!H3
M&:DJIU/6A8*`E?7[!_,8*#F6TW<Q[WI/$#^Y?L+GP<2GZ:K(Y[]BQ^:TIK^+
M]C[>TA25*2M*TDI6@ZD+22%`CM!'$&HH<;&33JBN]).H.],CG&,%(4,E#T*<
M>DOW]9EI`^+U!\=U$)&H7X\Z*IU/1NI7[D_+E]RX[T5?=&VX6X\*_B9KCK<=
M_22ME6E04@ZDGM!`4+V(M5FJG19./&]!PEL9[8'"PL)AXF*A)M'B-AM)/-1Y
MJ6JWVE*NH]]2D6L68VH*$=B$O>.?S.>SYV1M=_Y=U*0O/99/'Y9E7]V@C^\4
M#_VXD4;JZ(UV7?G=N>1:T_NEP7;MMIG+.R.E^WVU!I2`\H-ZT)#DJ2Y:Y*E'
M3?E?B0D5.B/1NQ@V^U7V]1XYWJ2T[T]E[FVTDOK;4&2'D&["RH)4IU`/V`J_
M.W+LHY:%;_4D\9W;6OP,+HWOG<.YF<DUE],CY-39:FH0&P2YJNVH)LFZ=-^`
M[>-(NIX]&SKM]2Y]V\HJGF4.(:4XE+KE_302`I6GBK2.VW;5C=.2K0^Z$A0&
M/DH#&0QTJ`^+L2VELN#]UQ)2?Z:%+MM3BXO8U0Y#FPGX,R1`DBS\5U;#R3^T
MVHI/]%41\RNVW";B]J8P;6ZC;IVR4HA2O6@I^*!)NMFW[OVF_P`)]U-AG8?5
M;UC1.L>#.C<)G!,V[$S>393BC(92ZZV\XFS:5GRW<.D>86/'VU9,[JQ?YK:N
M27+5&IQ73S'0]Z3=V*E.3),M)+#;P2H,J6+**%BW#0`A(MP34*.M3'M=/A&^
M[U:M^SML\!MJQL#^;N:99<S63+C:5D398!4`?_J%^VA8>^AG4G#=-]PY+*3L
M>_+:G1$Q6VX8:"DJ2[ZA4KU%(%B!V&A%#4]5]XP-Z;^G[G@Q78D>8S':2S(T
M>J"RV$*)T%2>-O;0D4Z`^'_X*_`T!_1O_P#=[_\`2?\`RJ%16ZG]0\CM!N&(
MF/1),W6$2'5D-H4W8Z2A(U$D*O\`$*JV:GJG498R5(UJ>'2/?N1W3'R3654V
M9\5U*T!I.A/H.ILD`7/PJ0KC>B93H_499$9<_P"2?L(SU$P?Z+O3*PPFS2W?
MF&#SNV_YQQ//224^ZHH<KU6QY5^2W;5Z36[=P<K/9R'B(MP[+<""L<=#8XN+
M_"@$T9CXF.[UQ06\MG5S.1=L[,C;;QGY+LYL16D)/%$1I(#AX?M"R.^YJ7P.
MMZQD+'L*W'^6GH[?$@5A]'*H.)J/&U.K^ZL`$,2'/U3')L/EY*CZB1[&WN*A
MW!5Q38;K"ZW>M:2^^/?M]9:ML]1MN9UT1`M>/RM@5XR:GT7KJ`(TA7!=[W&G
MC;LJ5*IUF-U&U==/QG_:]&96<V)M/.SF9V5QS<F4R`E+A*DZD@W"5A)2%@7Y
M*O4N*9>_@V;LE*<:M$TW_P!5]V8+>;N+QS3+,&#Z2415M:C("DA7/F`J^E.B
MJ.1H^H=6O6K_`"17VKVE+W9NAK`;5DYI]&AY#0]".OF7W!9ML_B/'NO5VS>9
M>4K-EW'PV=Y'NB>Z3$W7/8R4D!&7:4\\^ZH)29#1+A4I1X>9*EU6.AS'0LRE
MZ2F_SU].WYER=RT;]'=RL,_/1T,K?:^74E7JI0DJLV;Z3>UAQJYUKNKD<U]R
MI73>2>%U[E3]PX^.C'M0\3(?0U(<=67'@APZ0JXTI392@3SJG,<[#]@<[L8J
M-(MT-IU^Q<A[;L/),N+#<-_TY+25*"%(?%@I20;'2M*0+^VID9'[#:;LJ2W/
M7T]O:0:AQ1<NAVVF<9@Y6Z9]FUS$J##B^`;B-&ZE]VM2;^`%(\3LN@XBMVW=
MEME[NWN)1O/<KNY-R3,LNX9=5HB-G[$='!L6[QYCWDU".:ZAEN_><]V[P/K;
M.]MR[:=!Q4Q2&+W7#<_,85XH/P^*;&E.!.)U&]8?VO3AN+'M/KAM_*!,?,H.
M)F<$J=42J*5'E^9_=W_?^FI4N)U6'URU<5)_8_9V[5'O*XO$Y_$.P9B$RL?+
M0+Z5<"+ZDJ2I)Y@BX(J7J;>[:A=@XRUBQ(S,3#]+-IR\A@(1?ERGFFB[(6IS
MBJX27"+>1/&P%N)J-AJKT(8%ERMQU9F=*=_9#=L&=^HQVVI4!:$J=9!#;B70
M2/*HJLH:>/'V4BSTZ3U"63%\RHXD]ZU;S>E;FCXW'N6:P2TNE23P,P65_P"&
M+)\2JHEJ:7KF>W=4(O\`#W_3YEMPF9B97&0IK*T_ZV.B2ENXU!*P+\.?`FU7
M3.JLWE<@I+^2J*N^NJ^-VI.&.7`?ESU-I>0!I;9*%$@'U#<GBD\DU5R-?U#J
MT,9\K3<O8;+8^Z3O#:OSY3\G)6IZ.^EE1):6DD`I41ST*2KE4IU/?!R_\FSS
M;'JO`YKSGZJG+RV<M(=DSXSJV'W7EJ6LJ;44GBHGAVU5'!9;GYC4W62=#)VC
MMQ_<>XH6(;N$/KO)<'V&$<7%?U>`[R*/@>F!BN_=4%Z?`KW6S<;&'VY%VOC[
M-+FH2EQM'#TX;5DA/XR`D=P-3+@=/UW*5JTK4='+_P"J[>\BF+RV3Q4M,S&2
MG(<E/]ZTK22/8H<E#N(J*')6,B=IU@Z,JVUNO1TIB[IBA:"-*I\9/8?\1G^G
M3]%.;B=+A_L*?VW5Z5\NW@5S$9K$9>&F7BI34N*KDMI0('<1S2>XU9.ITEJ]
M"XJP=4*LSI!M.7N<Y]T/!Q;HDNPPL>@MX'5K(MJXJXD:K$U'*8$^CV97?-=:
M[:;JBZWUL+^]48E6+0<9\Y\DW(*B9`65^EZFDBUM7V>=JCF,)=<3R/+Y?MYJ
M=XY]1MU#;6U94YM0$UW_`$\!)[7G`;*_`+J/A5FS9=2R_(LN6_8O$3/Y?\Z7
ML5DL,\YJ<B/"2T5&ZBA_X_H<22?O5$=-#6?KV3S0E![4Z^OM[2DY[.X_!8I_
M*9!2D0X^GU%(0I9&I02/*D$\R*ENAO+]^-J#G+8A/VQUAQ.XMT-X6+"=8:>;
M<4S*?4D%:VQJT^FG5:Z0H_%V5"D:S%ZS;OW?+BGXL5NOLG/QID)I$UU.$GLE
M*X:2`V7F5!1U6%U7"DD`^RCVFO\`V*=R-$G]DEL[UV1'J'*'0O1/:?Z3MLY6
M2C3.S&ET7'%$<?PD_BN5GQ'LI%'<]#P_*L\S_*?NW?,HM6-V%`>3<6*T\Z^V
MRA#S]O6=2D!2]-].I0%S:_"]"JBDVTM6:#?6QL?N_&M1)3RXST=SU8TEL`E)
M(TJ!2>"@14-5,3.P89,.66E!4R<["])ML1L9'CKRTG).NK7ZJDH2X0E(<4LV
M4`D)*4A(%1L-==N6^G65%+F<J^GB-FP-P8G/;<:GXR&G'M%:VWH:$I2$.I/F
M`T!(5?@;VJ4S8X&1"]:4H+E7`EVX.H_J=7,?*:=_\HQ#Q@`CBE0>/IR7/ZUK
M=R15:ZU-!D=3_P#[8T_"#IZ]&^W!%TJYU@D;FZO[0P4A^&5NSLA'4I#L6.@^
M5:?LJ6O2@?2:JY&KRNL6++<6ZR6Y&US&8R$[8C^9V\X&YCL,3(2E)2Y]D.%.
MD\"K3=/C4O9H>]Z]*6.YV]O+5>\Y>G9"7D9CLZ8Z7Y4E7J//*`!4HCF0`!54
M?/+UV5R3E)UDQ@Z<;5.Y=U1H3B=4%C_4SSV>D@CR?\Q5D^%Z&=TK#\^\D_Q6
MK'[KWNH!$;:T50LH)DY$#]D'\EH^)&LCN%3+@;K]AS*)6H^+^'S]0A;5ZD;J
MVT4MPY/S$!/.!)NMJW[A^)'X3;NJ#38?5KUC1.L>#+-M+K'M;.:(\M?Z5D%6
M'HR%#TU*_P`M[@D^"K&I4CJL/K-F]H_MEW_,4Y'\IW2Z3)>E+D977(<6\O3+
M2$ZG%%9L`WRN:L;BIXN_RE]*&FENN2LLAMM)4M1F"P2D7)/Y="'*BJQ%VQTG
MZ$[ASXP\<YYA3VKY.0[+;T.Z`5$6""4DI%Q?^FJJ534XO6;5ZYY:33W#Y_\`
MPC=+/_YC+_\`^8/_`,.K&WJ?BOY1.E:DD&1E['_^[3_^'05+/\HU\G\IQ]+T
M_2O?S:=.GG[;4($KJUBV<]T^>F1?S%1$MY&*H#FA(NOZ6EJ-5EL-1U>RKV,V
MMWW+MX$EZ/YS]*WS#2I6F/D0J$[[+N>9K_Q$@>^HWG-=#R/+R$GLEIV]-!P_
MF#P?_P"R\ZVGEJA25>-W&O\`WQ4LVG[)CZ1N+P?O7Q,CH3M=$3'2MTS0$*DA
M3,-2^`3';-W'+G]M:;>">^D>)Z?K^)R0=V6_9X;R8[\W2K<NYYF4U'Y2_HP4
MGAICMDA'/EK-UGQJ*[SGNI9;OWG+=L7@;/:?2G=>XM#X9_3L<JQ^<E`I*DGM
M;:X*7X\!WTVF1A]%O7M7]L>++/M+I7M7;FA]#/SV13_];)`4H'_+1\*/<+]]
M643J\/I5FQJE67%DEZXP3'WZX_:PF1F'TGO0"U?_`,,55K4YGK\.7(JOY)/X
M?`\MI]8-UX+0Q)<_5L>FP]"2H^JE/^6]Q5[E7%-45P^N7;6DOOCW[?66;:FY
MMI[T1^I18B53L>4I7\RRGUF%*NH:'"%#L/PJJR=3JL3*LY2YXK[H\5JA:ZU;
M7W?G6(:L4TF5C884X]#;59]3QX!82?*L)1P`!OQ-1*I@]<Q+UZ*Y-8K=OJ09
MYIQIU;#S:FW6SI<:<24J21V*2KB*C:<7*,HNC5&7SH-F_G-JOXIQ5W<6\4I!
M_P`%^ZT?VM8J8G:?K^1SV7![8OV/LR-[VP9PFZLIC$@H;9>4N-_PG?S&[>"5
M6]U13<<MU"QY-^4=U=/#<7_'K;WQTQ2EP@O9&$6G"3\,EL:23X.HU5;:CM;;
M_P`K%[Y1]O\`4Y]VKMN7N#<43"I!;6\X1*5VMMM\7E>(`L.^U4VG$X>([UY6
M^_4L'6G<3&$VS%VOCK,KG(#:FT</3A-`)T_C("/#55I<#J.N92LV5:CIS?\`
MU7;WD1QV-R&2EIAX^,Y+E+^%EE)4KQ-N0[SPJ*G(6;$[DN6"JRK;3Z"ON:).
MYY'HIY_IT90*O!Q[D/!']:IHSI</]>WW7Z%\QFZG;4P\#IE/C8J&W$9B*9DA
M#:;7*'`%%2N:CI4>)-&M#8=4Q(1Q9*"I2C]I&-L;XW-MEP'%RR(][KA._F,*
M_`3Y?%)!J*<#E,3J5ZQ^+TX;BO;>ZO;4W.P,/N&*F(_+LRIEX>K%>4H@!(5;
M@2>04/?4UXG48O6+.0N2XJ-[GJF.Z<0SA,%)C;9@,,/I0M<6,+-MJ>(\I6JW
MMM<FII1:&U\I6[;5I)/=XG+F<Q.<Q>0<9S<=Z/.<4I:U/#^(I1NI:5\4KN3S
M2:HCYYE6+MN;\Q-,W73'.G#[XQDAQ9#$A7R3Y)X!#_E3[@YI-3O,OI&2[>1&
MNQZ>LHO\P.#]7&X[-MI\\5PQ7U#_``WN*"?!:;?BJ9&\_8\>L(W%NT[=MYJ/
MY?\`.>CELCA'%61+;$I@'_$9\JP/%*@?=1;3&_7,BDI6WOU[=MQJ.M^#_3MZ
M&:VFS&592^+<O5;_`"W!]25>^H>TQ?V#'Y+_`#;I+MV[QUZ);<8P^W)6Z,A9
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MX]M_M)EUX&Y'\RPM^$ZC`0FPF+*3YVE.N`%Q:RF^@\`D!7L[ZA[30?L*O2FM
M'Y:W]NVA+D//(0XEIU;:74Z'-"BG4D\;*L1<4:J<W&<H[&=*;6?9WETR:8DJ
M"ERHBX4HGB0\V"T5'OND+J5JCO\`%DLG%2>^-/3L^ISQBYTO`YZ--4DIE8N2
M%.M\C=I=G$>\`BJG#V9RL7D]\7V1?.K^*:S>P'9T;\Q4+T\A'6.UL#SV[O26
M35I;#L^L65>QG);ON7;P(KL':R]S;HB8TI)B)/KSU#L8;(*A?]\V0/&HVG)]
M,Q//O*/\=K\#J="$(0E"`$H2`$I`L`!R`%7/HB5#]H`H`H`H#2[IV?@=SQ&X
MV68+B65:V'4**'$*(L=*A[1S%0U4Q<K#MWXTFJFIW%%<VGL&3#VICW%O-MEN
M,VP"XM"G3YWU<=2BFY5VF]0]%H>&1%V,=QLQUII3WG,MK72;W3P4#S!'.]^V
MH1\]::>I7.B&[\E(W+.QV4FO2USV`ZPM]:G"'(_`I3J/"Z%7X?LU*VG4=!SI
MSN2C-M\RW]W;V&IZZ8/Y'=Z,BA-F<JR%D@6'K,V;7_9T&CVF+^PX_+>4]TE[
M5V0]]"<V)VT7<8XK4[BWE-A)_P`%Z[B/KU#W4B;GH&1SV.5[8OV/LR+;QPOZ
M%NC)XRVEJ.^HL7_P5_F-_P!A0J#D\_'\J]*'?I\"T],\3$V;L&1G\H/2?EM_
M.RB?B2RE/Y#0[R#>W[2K5*T53K.EV(XN,[DMK57X;EVXD+S.6EYC+2\I,-Y,
MQQ3JQS"0>"4#N0D!(\*A'&Y-]W;CF]K,[;6S-R;D>T8F&IUH&SDM?D81XN'@
M?!-S2O`]\3I]V^_M6G'<6#;?0K`P6%.9EW]4FJ00$6*(S:B+7"+W7;VJ^BIY
M>)U.)T&U;59_=+V$OVOU&W=M9WY5F3\U#946UP))*VQI)!"%?$W[C;NJJ.?Q
MNJWL=\M:Q6YECVOU=VEN%`AS%?ILUT:%191'IKN+$(=X(5?V&Q[JMS'3XG6+
M%]4?VRX/YGOMKI)M7;^<.8AE]QU&KY1EU84VSK%CHL`3P-AJ)L**)?&Z19LW
M/,C6N[N'6K&T"@"@%_:&#R./VLU@\PIN08R7(R76R2EV.20W<$`I.@Z2.ZH2
MT,/$L2A:\N>M-/%',$MK]-RS[41\.?(R5IC24&X5Z+A"%I(Y_"#5#Y]<7EW7
MRO\`%[2GY;J`_P!1HL#:,/&JBRY[S2ILI2@M#:&3K<6T!QY)[?#MJ6ZZ'1W.
MI?YJ5F,:.3U?`<M_)EM86!L7;#83.R;?H)3>R6(#("77'%#X4FX1?MN;<:F7
M!&TSDU;5BU^4E3PBNU/7O/79G2/;>WDMR9*!D\JFQ^9>2"A"O\IOBE/B;GOH
MHC"Z1:L:O[I\7\!V>?9896\^XEIEL%3CBR$I2D<223P`%6-JVDJO8:[;VY,5
MN&&[-Q;A>B-O+8#Q24A:F[74B_$IX\#4)U/&QD0NIN.RM"4_S#P+2<)D`/C2
M]'6?NE*T_P!*JA[3G/V6W^$O%$@`4HA*$E2U$!*4\22>``'M)J&<M%-NB.A8
MJ&>FG3!3C@2<H4ZUI_Q)T@62GO".`^ZFIV([F"6#B:_E_P"3^7P)KM7K)NS"
ME+,YS]8A7NIN0HAX7-SH>XGW*O[JA51H<3KMVWI+[X]^WUE(:R/3#J4REB2A
M+>5TV2V[9B8C_AK'QCP)'=4Z,WT;N)G*C_+U2/+9G3?,[-W<J3#D)GX*:TIF
M0560^T1YVU*3\*[*!3=/MY42:97!Z9/%O5B^:W+V"U_,'B&FLIB\L@@.2FEQ
MGD]I]$A:%6\%D?11[37?LEE*49\=/5_4UW2[JC`VMC9>,RC+SL93AD1%L!*B
M%J`"T*"BFP)3<'QJ$Z'ATGJ\+$'"=:;50=^E>+C-L9G?4YE,+]8=>D,(4>#$
M(++A-^'QJ\Q[@#2/$W/2[22GD27+SMOPCM[>!H<?L')]0\X_NO...0,+*(_3
MHHX2'(J.#7/@VE2?-?F2;]]$JZF)'ITLRX[US2#V+?0J^"VYA,##$3$PVXK/
MVM`\RR.U:S=2CWDU9(Z"QCPM1Y8*B/V9G\1$RD/%/R4IR,\J$6*/,XH)25*4
M0/A2`D\32HG?A&2@W]TMB/+=<`9#;.5A$7,B(\A(_>*#I^NC*Y=OGM2CQBSD
ME)ND'VBJH^9O:4GHAM3]4W$K,R$7A8BQ:N."I2QY/^[3YO'31;3H.@8?/<\Q
M[(^_M\#9[^ZMYV!O5QG!2$B#C1\N\RM(6T^\#=W5R5Y3Y`4D<C1MU,GJ/6KE
MN_2V_MCH^][S?8?JKL?=D08O=$5N&Z[8%N4`N,I7*Z'2!H/WK6]M37B9MCJ^
M/DQY+J2??L]?;Q-7NCH0A:#-VG,";@.-PY"M2?:"T^+GPU7\:AQX&-E?KZ?W
M673N^3[>(^Y3&S-R]/7H6185&R,J'9UERUT2FQ<<B1;U47!'95MJ-Q=M2OXS
MC)4DX^W^ISEM3.N8+<./S"4E0B.A3S:3Q4VH%+B1?A<H4;54X3"R/(O*?!^P
MJ.[LS@.I>7P&!POJN%#RY$Z8I"F_1C:;.I&H<5*X=U[4>ITN7>M9TX6[>NM6
M^"WF]ZIOSWX,#8NVV-<W(H!=:1Y4LP62$^=7V$*4`F_L!%)/<9?5')Q6/:7W
M2]D5V]E#YV?T2P.)].5FBG+9`65Z:A:,@_NMGX_%?T"IY>)7"Z':M:S^^7L[
M=J%'_*9:^RVRVGN2E*4CZ``*L;O1(\<?D8.1AMS8+Z)$1V_I/MFZ%!)*20>W
MB*%;=R,US1=4<_\`7."8^^R_;RS8K+M_:4:FC_N"JO:<7^PVZ9%?[DOE\!`9
M9>?>;8807'WEI;9;3S4M9TI2/$FH9I(0<FDMK.@\@['Z9],T,1B@Y12?3:78
M'U)KPNMPBW$(XGCV)`J=B.XN26#BT7Y?^3^7P%W:W7AMQ"86ZHH*5#0J?'3J
M00>!]5GC[]-_"E>)@XG[#%_;>7I7Q7;P-KF.E.R-UQ#E-KRVH;KG$+BD.1E*
MYV6T"-!^[:WLI3@9-_I&/DQY[32?=L]7;P,GI+@MR[8D9/`9B.1&6I,N#+:.
MMA9_AN@*X%*C9)TJ`/.D:GITC&NX_-;FM-J>[O\`@3/K%@_TO?,M:$V8R24S
M&_O+\KO_`(B2??4;SGNN8_EY#:V2U[>D==D]4MJL;!3C,]((E0F%QE1BE2E/
MLV(;#9`(^`A)N>'A4IT1N,#JUG_&Y;CUBJ4XK=\C=]$MI_H^V!DY#>B=E]+U
ME?$B./X*/>#K/C2*T,OHF)Y5KF?Y3U]&[YE$JQN0H`H`H`H`H".9#KN[!W9.
MCHB(FX!EST6E-G2]=ORK<2HG2H*5>P-N';5.9G,W?V#DO.-*VUZS>.X[IAU*
M94]&6EO*Z;J<;LQ,1_Q$'@X/$*'?4Z,S':Q,Y57Y>J7U$I_IMNS9&X8.=A).
M6QL%]+KCL9)#P9^%P+9XG^&3Q3>H=4:G_BKN+=5R/W13W;:>`\=;<,G*;)_4
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M@(0A([A8`"K&]245IHC[2I*TA22%)4+I4.((/:*%DSE/?4$0=YYN*!I2B8ZM
M`_==/J)^I=4/G'4K?)D37^IFKQN,E93(QL;$3KDS'$LM)/*ZC:Y[DCB>ZC,>
MQ9E<FHQVLZSP>(CX?#P\7'*E,PVDM)6LDJ5I'%1O?F>-62/I5BTK<%!;D9U2
M>H4`4!$=K=>9C"DQ=R1OFF0=/S\8!+@'M6UP2K\-O"J59RF)^PM?;=7I0Q9#
M8/3K?4162P$AN++5Q5(A@`:CV/QSIL?<D]]31/89]WI^+EQYK;2?%?%?T/7I
METW=V>]D\GEWF7)!'I1WVR="8R1K6LZ@-)4>8[--$N)/2^F?XO-*;5?@;;IY
M)3G#DMW*%_U1\L8\G[$"(HMM`7Y:UZW%=Y[J1==3*P)>9S7O[G1?]*^M:CB2
M`"2;`<235C8G.75+J/(W+D',=`=*,!&64H"3;YE:3_%7[47^!/O\*/4X?J_5
M'>ER0?\`MKVE1Z)1%L=/XBU"WS+S[R?`N%(_W*F.PZ'H<*8R[ZF#U[A![9K$
MD"ZHDQM5_8EQ*FS]:A21X_L%OFL5X2$'HMM3]8W/^I2$:H.'TN\>2I"OX2?P
M\5^X5"VFEZ#A^9=YW^,/?N^9Z];MU_JNY$X>.N\+$72Y;DJ4H?F'\`\GCJH]
MI;K^9YESRU^,/?V^).*DT`<B".!!NDC@01V@U%`FUL'W:?63=.$T,35?J^/3
M8>F^JSZ4_N/<2?!=Z:HWF'UV[:TG]\?;ZRD)R/3/J9';CR3HR2$D--.'T)C5
M^)]-5R%CPU"IT9OU=Q<Z-'^7J:$_(=`LPUF(K<.6B7AWGDIDO*LV^RU>ZR4_
M"LVX#3V]E0TS5W/UV2N+E=85]**!NYR'(FX38<0)0S/(<GLH-M&-B#46^!N`
M\I"6_#54O@;K*:<H6(['M_Z5N]-*#HE*4I"4@!(%@!P``JQLQ.ZF;^:VGB$^
M@$NY>9J3"95Q";?$ZL?LHOR[3P]M0V:SJG4%C0T_-[/F23I.Y-RW4Z+/FNKD
MRM,B1(?<-U$^D4#W76`!R%56TYKH\I7<M3DZO5^PZ-(!%CQ!YBKG<'(63QST
M?.3,:TV5O-2W(S321Q4H.E"$@=_"J'S.]9:NN"_NH7F<XSTTZ8)99*3E%)]-
MM0_O)KXNI?>$<3]U-JG8CLKC6#B47Y?^3^7P.>B5$DJ)4HDE2CQ))XDGQJ$<
M,W5U/RI(&+:V_MT;96!C915$O=4%^[C!]MDWNCQ0144X&PP^J7K'XNL>#V%@
MVYUBVIN&.K&YI/Z7(D(+3B'5?Z=P+&DA+PTZ;W^U;QJ>;B=3B]9LWURS^UOC
ML]9H-T]!DJ29>U90+:AJ3`D*ND@\1Z3W'W:_IJ.7@869^O)_=9?H?S[>)NND
MFT'-JX7(9O/-_)S70OU`Y:[,5BY-R+_$05'NM4Q,KH^%_C6Y3N:2]R7;W#%T
M_;5.@R-TR4:9NX%^N@*^)J&BZ(K([@WYS^\HTCQ,_`3E%W7^4W7P6Y>H:EK0
MA"EK4$H2"5*)L`!Q))-6,YNASKU-ZGR]QRG<;C75,[?:44^6Z52BD_&O_+_9
M3[SW4;KX'$]5ZM*[)P@Z0]_;MW6;II'7'V%@VUBROE$+M_Q/./\`>JT=AU/3
M8TQX>!//YAX0#N$GCFH/QUGPT+3_`.]4,T?[+;_"7C\#5=#=I_J.><SLE%X>
M*\L>XX*E+'#_`+M!OXD46TQ_U_#YYNX]D=GC]/D:[K'NO]<W4N&PO5`Q&J.U
M;DIXG\Y?TC1[N^HVL\.N9GFW>5?C#3T[^W<(=2:0S<1FLOAI8EXJ6Y#D=JVC
M8*`[%I-TJ'<H5%#WL9-RTZP="M[3Z]M*T1MSQ_35R_48R24>+C7%2?%-_"IY
MN)T^'^PQ>EU4[U\NW@;S=O3_``&_T)SF)RW^K],-M/H6'XY2FY"%(O='$\;$
M=XI2NJ,S-Z=:S%SQEKQVHG>&Z0;E_P"KXF,S$,C&:B[)FM'6PMEOB4A8L0I?
M!-E`'C4:[#1X_1+JOJ,U]G'<=$I2E"0E("4I%DI'``#L%7.V2/V@"@"@"@"@
M$OJSNT[>VJZ&%Z<ED;Q8=N:=0_,<_`CZ[5$F:OJ^9Y%ET_*6B.:0```.0JI\
M_/MIUUEU#S*U-/-G4VZ@E*TD=J5"Q%*%HS<75.C*1M3KCN#&:(^;1^K0QP];
M@B2D?>^%S\5CWTJT;_#_`&"Y#2XN9<=_;M4J`S&U>H6WI6,@Y-;7S3>E]ILA
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M%=2ZO*]+DAI#WG1$%GT(,=FUO2:0BWLTI`KT.TMQI%+@CGKK="^6W\\[:PF1
MF'AWD`M'_P"'57M.)Z_;Y<BO]R3^'P&+H)M/U'I.YY*/*UJBXZ_[1_C.#P'D
M'XJ(S_U[#VWGX+XOMWEJJQU04`4`4`JS^ENP9J2',,PVH_;8U,J'O;*:CE1K
M[G2\>2U@O1I[A1E]#7H&29G[5S;^/6%I#@<)*TMW&O0X@"_#DE:2#VFJN/`U
M[Z'R34K,W$JX0`@()U"UB5<;^-7-_0\XT6-%9#$9I##*22EIM(0D%1*C9(L.
M)-Z$1BHJB5$+75+(28&PLN]&U>LMH,A2`24I>6&UJX<K)4>-1+88/5;CACS:
MVT]YS1B\;,RD^-C8"/4E2UAIA`Y7/:?8E(XD]@JIP%BS*[-1CM9UI@\2QB,/
M"Q<?^%#90RD\KZ$V*C]X\:ND?2K%I6X*"W(4^M"D?^G\UL@J===CMQT#B5.%
MY-D@>TU63T-?UI5QI+>Z>\Q6PQTTZ8:B$G*%-R/\2?('`=X;_P!U--B/-4P<
M3_5_Y/Y>Y$`C1<ADIJ6([;LR?)42$(!6XXM1NI7#OXDU&PXF$)W9T2;DRH[;
MZ!9&0A+^X)HA)/'Y.-9QWP4X;H3[@?&IHSHL7]<;5;KIW+M\Q[@=&^GT1`"L
M<9:A_>2'7%D^X%*?JIRHW-OHV-'^-?%LRG>E'3UU)2<*RGO07$'Z4J%.5'I+
MI6,_X+VBQFN@.`?27,--?Q\A/F0EP^NW<<N>EQ/CJHXF!>_7[3UMMQ?K&OI[
MA]V8G$.Q=R9#Y]]+Q3%(.O2PD`)_,(2M6KGYN5(I[S8]/LWK<*79<SW>!OEX
MG&+R3>45&;.1:;4RB7I'J!M1N4:N=N'*IH93M1YN:GW<3*J3T.8^J^7>R6_<
MIK42B$M,-A'[*&AQMXK*C5-YP'6KSGD2KL6GJ'OH!MIUMJ=N-]!2B0/E()/V
MD)5J=6.XK`3[C4Q-S^NXCBG=>_1?$L-6.F([LS:C64ZK[AS;J`J#B9SOH_LJ
MEJ/_`,OBKQ(JBVG-X6&IYD[C_&,GZ_I\A6ZS;L_6]TJ@1UZH&'U,(MR4^?XR
M_=8('@?;1ZLU?7<SS;O(OQAIZ=YI-J=/]S[G4%XZ-HA7LJ>_=#(MSTFQ*R/W
M0:;=AB8?2[U_6*I'BRGXC^7["-("LOD7Y;MO,A@)8;!]^M9^D5/*=#9_7;2_
M.3;]1OD=%>GB4:3`<4?VE2'K_4H5/*9BZ)B_V^UFNR7039\A!^2?E07#R(6'
M4>]+@)_M5'*>%W]?L2_&L3#VKL7J1M7<$.+"RC<K;3CA,L*XI0V!<@,K)*%+
MM8%M5O;4)-%,3`R<>XDI5M;_`.GR*;D\;!R<!_'SV1(AR4E#[*KV4D]G"QJS
M53>W+<9Q<9:IGU!A1X,*/"C)T1XS:&647)LAM(2D7//@*D6X*$5%;$J"1UMS
M3V-V0XPPK0YDWD0RH<#Z:@5N?2E&GWU61JNN7W;QVE_)T(#A,/*S67AXF*F[
MTQP-"WV4\UK/<A`*C4,XK%L2NW%!;6SK>+&9BQ68K(TLL(2TVGV)0`D#Z!5S
MZ7"*BDEL1->OD94C`8EEE)<ENY!#49I(N5J<;6D)'B;561H_V"#E:BEM<O@S
M+S#['3;IBB)&4/U-2/096.:YCX)<=\$>90[@!38CTO26#B47Y;/2]YSXTT\\
MZAEI"WGW3I0V@%:UJ/L`N234;#AXQE-T2JV4/;O0W=>20E[).-XAA5CH<'JO
MV_X:2$I]ZK]U*,WN-^OW9ZS?(O:.D/\`E_VLVC_5SILE?:4J;:3]`0H_74\I
MMH?KME;7)^H])/0'9[B"(\J<POL5ZB%CZ%(_VTY29_KUA[')>KY&@=Z0;XVS
M(5D-HY@/.#BIG^`XL#C925%;+GXK5'*S%_X?(L/FL3KW;/H5'9LK<<O;T61N
M)A$;*.`EUE`*;)!LG6DE5E$<2`;5:-::F_Q)7)6T[BI(W529(4`4`4`4`4!S
M+U3W7_U%NQ];*]6/@7BPK'RJ"3^8X/OKY=P%4VLX'K&9YUYT_&.B-1MW9^Y-
MQN%.(A+?;2;+DJLAE)[W%6%^X7-*\#%Q>GWK[^Q:<=Q1<7_+U,6@*RN80TH\
MVHK97;NUN%/^[4T9O;/ZV_YR]1M__P"'O;VBWZK-UV^*S-K^&BG*97_^<L_W
M2]AJI_0#*15IDX/-@R&O,UZR%,K!'[+K158_AJ'$QY_KTHNMN>OJ]HQ]/\GU
M08S9P.YX?K1&F5._JB[7L+!*0ZCR.E1/(V4.9HFS/Z?<RU/R[RJJ?E]=_O&_
M=6V(.Y,6,=-<=;8#K;_Y*M-U-*U)2L$$*3?F#5FJFRRL:-Z'+*M#<5)D$IZ^
M[A>BX>%A&%:?U%:G)5N999M9'@I:A]%5EP.=_8<EPMJ"_E\.WL)5L/!.9S=^
M,@)3J:]9+\D]@99(6N_C;3XFH.<Z9CN[?C'=77P.JZN?12+=<,/)RF\-O0H0
MU3)[*X[8]EG`=1_=2%$FJ2VG+]=QW=O6XQVRT*W@L/$PN'B8J(+1X;26D'M4
M1\2CWJ5<GOJZ1T=BRK4%".Q&=0]0H`H`H"?+ZJY#'G5G]IY/'1Q\4EM(D-CO
M)2$U3F[C4/JDH?\`LMRBN.WY#IA<SC\UBX^4QSA=AR4ZF7"E2"0"0?*H`\Q5
MDZFRLWHW(J4=C,VI/4*`4-Y]0&-J92"UE(:W<1D$+`EL^9;;K9&I*VS\22E0
M/`WY\#56Z&NS>H+'DE-?9+>9.U,?L&1(>S^VV8BGY(T/2(XL1<W*2C^[)[1I
M!/;14W'IBV\=MW+2C5[UVT&8D`7/`#F:L9H@M9"/O7>K;<10>V[M=8?<?2;M
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M93D1I3WRX5I*P@:E)22#QT@VJ&>5ZXX0<DJT0CM/=+.I26U.(0<D`"6UDQY@
M`XZ;I(+B;>PD571FK3Q,W;^7JE]2@1(D:)&:BQ6DLQV$AMEI`LE*4BP``JYM
MX044DM$C1[WW:QMO$%Y*0_E)2A'Q4$<5O2%^5`MST@FZC_MM42=#&S,I685V
MR>D5Q8O9:2GIUTU*0Z',R_J'K=KL^3=3KO>$FZO``5&Q&%?N?X>+_K?MD^WL
M$CI7TJ&:2WG<\A1Q9.J)$5<*DF_%QSM]._(?:\.<)5-1TGI'F?[MW\=RX_3M
MXW=IIIEI#3*$MM-@)0V@!*4I'```<`*N=<DDJ(T>X-^;2V^2C*Y)IE__`/ET
MDN._]V@*4/?4.21BW\ZS:_.2K[1</6O;2K%C'960V3P=;B$I(]HNH57G1A_\
MS:W1F_1]3+Q_6+8DM\1WY;F-?/`-SFEL?2HW0/>:GG1Z6^KV).C?*^_M0=&W
M&W&TN-J"VU@*0M)!!!%P01S!JQLDZZH^J$A0"9GMS[(F9>1M+<[*&EC0MCYP
M#T'4K3=*VW?L*!NGB0?956UL9K;^38E-V;OMV/P9D[1Z<[8VS+D3L8A;C\D6
M0Z\L.%MHV.ALV'E)XWYGVU*5"^'TVU8;E!:L:JDSQ&@OL;NWT9S5G<)M;6S&
M='%#V1=`#BTGDI+#?`']HW%4VOP-7"2R+_,OPM>V3^7U)OU&R.3WQOYO!89/
MKM0"J-'%_P`OU`1\P^M7&R4D:;]W#G1O4T/4YSR\GRK>JCI\V5;8O3K"[4BI
M4VD2<JM-I.06/.;\TMC[".X>^]62.BP.G6\>.FLM[&EUUIIM3KJTMMH%UK40
ME('M)-29[:2JQ3R75GI]CW%-.Y=IUU)L41PM_CXMA2?KJO,C`N]5QX;9>K7W
M&+&ZT=/'EA"\BJ.3R+[+R!].FU.='G#K.-)TYO8QMQF8Q648$C&S&9C)^VRM
M*P/&QX5:IL+=Z$U6+37<9=#T"@-=G\_C\#CSD<B5HA(<0V\\A)6&PXK2%K`X
MZ=1%R!4-T/&_?C:CS2_$R,?DL?DHB)<"0W*C.<4/-*"TGWCM[JDO;N1FJQ=4
M9-"X4`D]7-V';^U'4,+T9')7BQ"#Q2"/S7!]Q'UD5$F:KJ^9Y-ET_*6B^).^
ME_2/]9::S6>0IO$FRHD+BE4@=BUGFEOV#FKPYU2J:3I/1O,I<N_CN7'Z%UBQ
M8T2.W&BM(8CM#2TRVD)0D#L"1P%7.NC%15$J(QLIGL)B6_4R<]B&FUQZSB4$
M^`)N?=4-E+M^%O\`*27B+QZN=.`K2<XQ?VA+A'TA%JCGCQ,3_E,?^[V/Y&[Q
M&Z=N9@?^5Y*/+5ST-.)*_P"I?5]52FF9-K*MW/QDF;2I/<*`*`1<]@MC]0_4
M8,HHR^,4Y');5HDL*2JRTK97\2=0[1X&JZ,U61CV,RJ;^Z/K7H,OI[TYQ^T(
M[R@[\YDI/!^84Z/RP;I;0FZM*>T\>)]UI2+].Z;#&3IK)[QO)`%SRJ39"/MD
M,;EWC/W:D!>.QZ#BL(YV.%))E2$]Q6?32>T`U1:NIK,:EZ\[W\8_;'XOX#Q5
MS9A0!0!0!0&BV5NEG=&WV<JADQU+4MIY@G4$N-JTJLJPN.T5"=3$PLI7[:FE
M0WC;;;:`AM(0A(LE*18`=P%2925#]H2%`(G6C!_J>QY+Z$ZG\8M,QNPXZ4>5
MT?\`=J)]U5D:CK>/YF.^,=3GK&Y3)8N6F9C93D24GDZRHI)'L/8H=QJ*'#V<
MB=IU@Z,J^T^O+X*(>YHOK!1"!.BI\Q)X#U&.V]_L?U:<U-ITV%^P5^VZO2OD
M5=C#18&-EL8)AG&NR?4=04M@(#[B;!Q38TWY"XJU#HE94(M6THM]V_B+/3'I
MX[M5B9)R+B)69FN*#LI!*AZ(5=(!4`;K5YU=]O9415#!Z9T[_'3<M9R>WN-U
MO/>&/VMB#-DI+\AU0:@PF_XC[ROA0D<>'M/9XV%3)T,O,RXV(<SU>Y<6*F*V
M!-SKHW%U#>^8>`+D?#:M$.(W:_G%_,H#GQ\;U51KJS`M8,KK\S(=7_;N7;^M
M1TB9;;;.&?F8UZ,K&04+6Z890IM"6TE2@`WPO8<JL;&-ZTH.46N2/#N\!2V3
MUAQ^Y\Z<1^GNPG'4+<B.*6EP+"!J(6`!H5IX]H[ZA2J:[!ZS"_<Y*4X#XF%#
M3*5+2PV):T^FN0$)#A0#?25VU6OV58V_)&O-34]J%@H`4E*DE*@"DBQ!X@@T
M!R7NG#KP6Y\AC1='R<A7RZQ=*@VKSM*!'$>10JE#YOFV78O2BMS_`*#;M3K5
MN;#Z(^3_`/-X*;#\TZ9"1^Z[]K\?TTJT;+#Z]=MZ3^^/M]96L#-V5OAR+N*-
M&]:=BUZ&G'D*0ZPLB^D_95\5^!([>=3H]3IL>Y8RJ7$JN/L-/OK86=W5O'$J
ME+;.UHJ27FTK(="OB<"DFU_5LE`*3P%Z-59C9V!/(O0K_P"I=O:4-MMMIM+3
M20AM`"4(2`$I2!8``<@*L;A))41.<KN7<.\<O(V_L][Y+%Q%>GEMQCC97:U&
MMS/[P^D#B:-MZ(T]S)N9$W;LND5^4_D;S;G3[9>WG$(:8;D95T%:I<PI=DN'
MFI0U<OPBI44C*Q\"Q:>BK+B]O;P,;>?57`[5R;.-D,/RI*D!UY,<)LTVHD"^
MHINHVX)%'*AY9O5K6/)1E5ON&!R'MW<^)8?D16<A`EM)=9+S85="QJ%M0ND\
M:FB9FN-N_!-I2B]3:-MH;0EMM(0A`"4)2+``<``!4GLE0_:$A0$;_F$P=V\7
MG$)OI*H4D]RKN-7]X6/?59',?L=C2-Q>'Q7Q)_M7J)NK;12B#*+T(<X$B[C-
MOW>.I'X34>!I,/JMZQHG6/!EAVYU5VGNUC]&R*%X^;-26%17%*"'2X-.EIY&
MDW-^'PFIYCJ<7JUG)7)+[92TI\G_`$-X[MU_;NR9.)V?''S:&W!"2ZX`?4=5
MQ67%<U)U73?V`4I1:&7+'=FPX65]V[TFJZ2;%.V\&94YK3F\AYI6JQ4TV#Y&
M;B_WE?O>`I%&/TG`\BW67YRV_(W^\-X8S:^+^=F7=?=5Z<*$WQ=?=/)"!_2>
MSZ!4RE0S,O+C8C5[=RXBC#V)N+=RT9/?<I;411UQMN1E%MIM/,>NH<5*^OO[
M*KRM[37PPKF1]U]Z;H+X]J]^X;58O9NU,2]-3"C8^##05NNH:3J`'>`5J)/`
M=M6HD9[MV;$'*BBEW&!MK=VR][)DL16$O+C@%Z+,82%:%<`L`Z@4W_\`MJ$T
MSRQLNQE525:;FC;8/:6W,$_+?Q$%N&Y-*3(].X!T7TV3>R1YCP%2DD9%G%MV
MFW!4J;>I,@*`U^XL0UF<%/Q;MM,QA;0)[%*'E5^%5C4-'CD65<MR@]Z.5\/G
M,_MV<IW'2G(,MM10^A)\BE(-BEQLW2KB.T51'SRSDW<>?VMIE<VIUZAO:(VY
M8_RKG`?/QP5,GO6WQ6CW7]U6YN)TN'^PPEI=7*^*V%5@9"#D(J)<&0W)C."Z
M'FE!:3[Q5CH87(S58NJ)?F]H9[=O5$'-PUL[9QC8,<DA3;Z`0=(4D_$ZYQ6.
M82+52E6:*_AW,C+_`-Q?[4=G?_7W%62E*$A*0$H2+`#@`!5SH-A.<CN_<>[,
MF_A-CJ3'@QE%O([D<&IM)[41Q]I7?_0/-5&V]$::YEW+\G"QI%;9_+M\S8X?
MI#M&&OYG)-KSF25YG9N0472I7;9!.FWC>I4$>UGI-F.LOOEQEJ?N0W'TNQ>9
M3@)3<)F6HI0ML1DEI"E_`EQ81H23?M-*HBYD8D)^6^5/P,R;TOV-*FL3?TMN
M-*CNH>0Y%NQ<H.JRDMZ4D'MX4<4>TNFV&T^5)I[M!IJQG!0!0'//6;%OX;?@
MRD-:XYR#29+3S1*%)>;_`"W+*38WX)5[ZHUJ<5URW*UD<\73FU]/;WF9M/KI
MFH&B-N!K]3BBP^:;THDI'>."'/J/?2K1ZX?[#..EU<RX[RFN9/;V_P#;DF!B
M<RN.9"-+QCD(DM@\TK;6-6D\E>T=M3M1T'FVLNVXPGMX;1@P>'AX;$1,7#3I
MC0VDM-]A.D<5'O4>)[ZE*AEV+*MP4%L1FU)ZA0!0!0!0&!B8F&Q>'9:QJ&X^
M+9;]1G0?RPV?.5ZB>-[ZB2:(\;4(0@E'2!.>F_4)>>W_`)UIQP_)SD)<Q;:B
M;);BG1P!Y%Q"]9JJ>II>F]1\[)FMSV>CY[654D`7/`#F:L=`:.7OC:43(1\<
M[E&#.DN)9:CMJ]16M9TI"M&K3Q_:M451BSS;,9*+DN9NAINK&Z<CMW;J7HL)
MJ6Q-6J))+Y5I0'$&UTI^+58CF*B3,7JV7*S:JES)Z'-0%@`.RH/G[*#T6VG^
ML[G_`%*0C5`P^E[CR5(/\)/X;%?N%%M-[T'#\R[SO\8>_<;3J_U`R2=ULP,+
M-<BIPU_5=844ZI+@\R56X*"$>6Q[2:/5F3UKJ<XWE&VZ<GO[?$S=J=>W$Z(V
MYXVH<OU"*GCXN,_[4?14U/7#_85LNKTKY=O`H4;';0W/EL?NJ+(3D'L>A2(A
M0YJ:05\=2FC\+@[P#]`I1/4WD86;\HW4^;EV?TXF1OK`2]P;4R&(B/!B3)0`
MVM5PDE*PO0JW'2O3I-2U5%L['E>LRA%T;$/IWLV3LB#FLMNU]B)CY#*6'8P5
MZJ"D$C4NPL2K7I2D7/&JI4U9J.FX3Q(SE>:46;GIKM_IH9$C-;54I]]%V5!Y
M3A5'"^.E*'`%)"AR)OP[>=(I&7TVQBU=RSJ_<>/5[J`[MS],A0'+37'VY<H)
M/$165@E!_P"*H:?`&IDSSZOU'R.6,?R;KZ/J4./(:D1VI#*M;+R$N-J':E0N
M#]!JQN8R4DFMC/F9.A0F2_,D-QF4\W'EI0D>]1`H)SC%5DZ(\,?EX&4Q_P`_
MBWD38ZM8:<;5Y5*02DI"OO"U0G4K"[&<>:+JCF3?>Z3N;<"\FJ`,>ZE`8<9U
MEQ1+2E"ZS9/F%]/`=E56I\_ZGE^?=YN7EW&@99>?>;88077WEI;9;3S4M9TI
M2/$FC,&$')I+:SH;(NQNFW3)+#*DG(A'I,J_Q)K]RI?>$FZONIM4[$=U<DL'
M$HOR_P#)]O4B=;3ZV;FQ&B/EO_.(0X%;ATR4CN<Y+_']-0JHT6'U^Y#2Y]T?
M:5K';LVMO?$2<?CLDN._*:4VZRDAF8T%`@E(5?Z4W%36ITMK+LY4'&,MJ\&;
MG;6WL=M["QL3CT:8\=-BHVU+6?B<61S4H\34I4,G'QXV8*$=B)#O'IEOS(]0
MG<C$_,CR'VW8N3]5*?EVTZ;`B^L>G;@$CC5''4YS,Z9DSR>:+T;V\/Z#/O3;
M73?<NZX\3(9?Y7<`2AER.PXA*G4CS)0O4E20OCY?M?54NE3/S<7%OW4I2I<'
MLG%X#!]D;&8R/R[$-,I[^?`>^K;#;?9:M\(Q7L0J=*-[2-TX_)NRS:2Q,6I#
M?#R1WO,RGA^R`4^ZHBS7]*SGD1DWM4O8]@]58VICG(X\34P3):$U:2I,;6GU
M2E/,A%]5A>A3S(\W+5<W`FW7'=,.+BCMQ^`X\YD6@\Q,U)2VVIIP<>U14D@7
M'L/.JR>XT?7<N,+?EN+?-O(-0XHJG0C:?SF5?W%)1>/C[LPKC@9"QYU#_AH-
MO%7=1;3I?U[#YI.Z]D=GCV]YZ[PZR9V#O:0G"NMNXJ#_`*5<9Q(4V\X@GU5Z
MAY@=7E!!MPY5%67S>MSMY#4-81TIQXCIM+K)M?.%$:8K])R"N'HR%#TE*_RW
MN"3X*L:GF-KA]:LWM']LN_YFX<V3%E;T1NB;*5,,=D-8Z$M*?2CJ^TX@CFI7
M>.'T6<NM3*>&I7O-DZT6BX=NVXU_5W&[DR&T5,8$.+>]9"I;#!TNN,`'4E-B
M"?-I)':*2V'AU>U=G9I:VUU\!<V/MK(CISEL9O5Y>/Q<M?\`IA*<"'&$#2=5
MUDZ/S4@I2?HXU"6AAX.-/_%E#(?+%\=W9F^Z:].\-ML/Y.%DOU5<Y`;;E)"0
MT&@J]D:"L&ZAQ-^RI2,KIG3;=BLHRYN;?W'INOJ$UAMY8'`H*2F8Y_YDHV\C
M;H+;`OV$N>8]P[Z-ZELOJ*M7X6_[MOIT0[58V@$A())L!Q)/("@,/)Y6+CL5
M(RCNIR+&:4^OT1ZBBA(U$I`Y\.-0V>=RZH0<GL2J<L;MR6-RFY,ADL8TXS#F
M.EY#;VD+"E@%9LDD>9=R*J?.LZ["Y>E*"I%OM[37PH4J=,8A1$>I*E.)981[
M5K-A[O;1GA:M.Y)16UG06Y<C&Z;=/(\'&E/ZAI$:&H@'6^KS.OJ2>=O,KQL*
MEZ+0[C*NK!QDH_EL7CO?;N-+M/KS!?"(VY6/DWN`^?8!6R3[5HXK1[KCPIS<
M3$P_V"$M+JY7QW#SN2&[NO:KT7`Y=N.B:`DSF@'DJ:/\1`*5"VI/"I>JT-OD
M0\^TU;E3FW[39X'!8W!8J/B\<T&HL=.E([5'M6H]JE'B31*A[V+$;4%&.Q$9
MVV.J7_J>@R_G=/S2OU`N:_D_E;F^F_Y6G3_#T\;VJBK4YG&_S/\`+^[FI77^
MVGN\#?[@Z-XW.;RDY!K,);8?<#^1@)`6\E7#4$J"O*%V^TGA4\NIEY'187K[
MES>*WE'SF8AX/"R\I*-HT)HN*':JW!*!WJ59([ZLV;J_>C:@YO8D:_8>Y%[C
MVK!RSH2F2\E292$?"EU"BE8'T<*1=4>6#D^=:4^)OZDRPH"+=><]M^6&,.A3
MASF->#BAZ9#:6GF[J25FU[C21:_*JMG+?L.1:DE#_P#9%^]?T(]0Y0L?03:0
M*I.Z)*.6J+CK^S^^<'O\@_%1+6IUGZ]AT3NOP7Q?;O+/5CJ`H`H`H`H`H"8=
M8]P,[>VC%VWCR6W9[8C)XFZ(C*0E?F]JA9'@359/<:'K60K%A6X_R5/^U=J$
M3P>:GX3*Q\ICU!$N,5%HJ&I/F24$*'"X(54'(8V1*S-3CM1T)TLW5(W7M5TY
M5:9$YAUR/,\H2%H7YD'2FP`*%Z?=4IG<=*RWD6:SUE6C[>PY]SN*?P&X)N.0
M=#N/DJ2ROEP0K4TOWITFJTW'%9-MV;SC_:SH?---[VZ8N.,@*=GPDR6$CLD-
M@+"1X.(TU;:CM[Z65BNG\HU]/]=#F=`6LI2A)4M9`0@"ZBH\`D#VDU%3Y^HM
MNB.B8C<?IITQ4XX$G(A&MP?XDY_@E/>$\!]U-3L1W<$L'$U_+_R?R]R.>77G
MGGG'GUEQ]U2G'7%<2I:SJ4H^)-0CA9S<FV]K,_!;;SF?E?+8B&Y+<!LM:19M
M%_VW#9*?>:5/?&P[MYT@JE&?Z8YC9>U9VY6\NZUG8J6UH;AG0RE'J)#B7-0_
M-\I/,`=U&MYT'_%SQ;,KBF_,5-FS;[3,VGU[4-$;<\;AR_48J?K<9_VH^BIJ
M7P_V%/2ZO2OEV\!\W#CL)O\`VF[$@9%"V72AQB6R0X$.MG4G6BX/<4FQH]4;
MG(M6\NRXQEH]Z-=L#8D?86.R4[(3TON.I#DIX)+;3;+`4K@"23\1)-$J'AT_
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M0]IX]=S/,N\B_&'OWB!?Z^`\:&C2J/FT.D&[,RXS,D!6&A`A:)+P*9!'.[38
M*5#N*B*4J;W!Z+>FU)_8O;ZC?-=5MQ;0W#.P.5U9K'P7U,MOND(E^F.*5%8&
ME9*2#YA[Z)M&9_S%S&NNW/[XI[=Y4=K[[VSN5N^,E@R`+N0W?RWT^*#S\4W%
M63J;_%SK5]?8]>&\0,AT1R4K>SF63D6TXM^9\ZY<+^922L.*0GAI^+@%:N`[
M*KRFHN=#E+(\SF^VM>\_>O6[`S#C[9C+_-E6D9"QY,H/Y:#]]8U>">^IEP*_
ML.9RQ5I;7JR:[)WOD=HS9<N$RW(5*8]$M.E00%!04A9T\3IXBW?4&@Z?U"6-
M)M*M47U4I_=_3A4F"ZN-+R4$J;6PI2%(D)'%"5`W`]5.GGRJVU':<[R,:L=)
M2CNX_P!=#GC9V<7A=UXW+N*4/1?2)2B;J+3GY;NHGV)4:HN)Q.%DNU?C-O?K
M\2S]=\()VTFLHVG4[BWDK*A_@O6;7_:T'W5:1U/7\?GL<RVQ?L?9$%APY,V6
MQ#BH]25)<2RPV.U:SI2/KJ&<7:MN<E%;6=`[FF1NG735O'P%@3E(^5B.#@I4
MAT%3K_X?,OZ!4O1'<94UA8O+'\MB\=[[=QSP!86_IJ#A&S,Q.%RN9EB%C(CD
MR0KFAM-PD'M6H^5([U&A[V,:Y=E2"JRFK3U!Z98*#.?R")<>0_Z#F'<U.LM)
M*"M.ETD*2KRG@GR^-11HZ-_Y&!:C)RYDW3EW>L=MI]8MJYTHCR5_I6058>A)
M(#:C_EO<$GP-CW592-IA]9LWM&^67!_,^^K.S,MNG!1F<6XCUXC_`*_R[BM*
M'04E/Q<1J3>XO22J3U;"GD6TH/5,^.GV#D[$V3+7GI"4AM;LU]MM6I#*-(&A
M)-M2CIOP[31:(CI]AXEA^8^_P(!G<W-S6;EYB0HHE2G?538_PP.#:1]Q(`'A
M4'%9.3*[==Q[6R\].NJ8W7DWL8]$$1YB,AY"RO475)(2Z=(`"1=0(%2F=ETW
MJRR9.-*-+^I/^N#F=C;K5&>G2%XJ6RA^+%+B@TG[#B=`LD^9-^/MJ&M32]?G
M=C=IS/D:V;BA=',JUF=@MP)%G%0"N`^@]K5KMW[O36$^ZICL-WT:\KN,D]VC
M[>P@6=Q+F'S4[%.?%"?6R">U*3Y%?B18U".+R[+M790>YE+Z#;4^9R$C<LE%
MV8=X\&_:\H?FK'W$'3[S[*E;3?\`Z]AU;NO=HNW;:+75G=?_`%!NQU+"]6.Q
MFJ+$L?*I0/YS@^\L6!]@%1O-?UK,\Z]1?C'1?'MX"62`+G@/;4FH'WIMMCJ.
M]*3.V^XYBH:^+DR1=,=P?\$@^KXZ??5:<#?=*Q,NO-!\L>_8_1O';;'76"X[
M\CN>/\C)0HMJFL`K8*DG22M'%:.([Q4J1M<7KT6^6ZN67'<4^-,BY"&)$&2A
MYAY)]*0TH+3Q',$7!M5S?1FIQK%U3WD8V'TPWQB=^,Y&:`U&C..+DSPZE?S*
M5A0L!?6=9-SK'#QKS4=3F<#I>1;R.:7XK?7;V[STZ];L]21'VQ&7Y&=,K(V[
M5G^"V?`><_AJS*_L.9LM+Q?P[>!H>FW5%C:.-EP)<5R4R_(0\QH4E*6PH!+Q
M43<\D@@`5%:&)TKJT<>#A)-U>GQ*SU1G9N-LF3DL#,5&>CEMYQUH)451R;+T
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MQE]UE^A_!]O$P.CR\MMK>TC`9B,Y"7DV3Z;;HLE3L>ZTE"OA6"@KXI-0GJ>7
M15<Q[[MS5.9>[LSQZ^8/Y7<</+H39O(L^FZ?\Z/8?6VI/T5+VGG^Q8_+<4U_
M)>U=D,_0+/ID8&7A'7!Z\!TNL()XEA[S<![$N:K^(I$V'Z]D\UIP>V+]C^OO
M-)L?9$*7U3S$MDI>PV#E+=94GB@R'#J;;![?2)4?$"H6TQL'`C+,G):P@_;N
M]7P/'JUE,INO=K.U\&PY,3C+^JVUQ!DK%E*6KX4I;2=-U=I51O4IUBY/)O*S
M;5>7W_3YFWVET&BM!$K<[_S+G`_I\<E+0[G'."E^";#QJ>7B9.%^OQCK=?,^
M&XJT#'P<?%1%@QVXT9L60RTD(2/<*L=#"W&"I%41@[L@#(;8RL(BY?B/(2/W
MB@Z?KJ&>67;Y[4H\8LY)2;I!]HJJ/F;&;IU%SDO=T&+AI;L)YU>J3(9-M+#?
MF<*@?*KAP`4.9%*:FRZ5&[*\HP;7'P+QO#J+MS;61B8O*I6X)K:EO%"0XEIN
M^E*G$<R%FXX`\JLV=CF=2M6)*$_Y"WF.E>Q]VPSE=KRFH;SMR'(I"XRE<[+:
M!&@_=M;V56G`PK_2<?)CSVFD^[9ZB5YW9V[MFSFILN*0B*ZAV//8NXP5MJ"D
M^8"Z+D<E`5#.<O8%_%FI-:)[=Q<-^0V=V=-'Y,0:U.1F\C#MQ.I"0[;Q*;IJ
MSU1UN?!9&*VN',O?]")=,L\G#;UQDI:PB-(7\K(439/IO^4$GV)7I-1WG)=(
MR/*R(M['H_24?K[A1*9P<N,`O(N2#!98'QNAX:D@#]U:?[53(WW[!C\Z@U^5
M:>OM[3=99^-TUZ9)CQUI_4`CT67/\28\"5N^"?,KCV"U'HC+NR6%BT7Y;/\`
MN?;X$IVATJW1N31)4DP,:OS&=)!U.`\RVWP4N_M-AWU".;P^CWK_`-S^V/%E
MKVGTQVKMK2]'C_-9`<Y\FRW`?W!;2W^$7[ZLHG68G3+-C\567%C94FP.<.M<
M'Y;?\IP"R9C##X[SI](_6W57M.%Z_;Y<AO\`N2?P^`C-N.-.)=;6IMULZD.(
M)2I)':%"Q%0T:>,G%U6TZ1V%E<S`Z>C-[KFJ>`;7+0IP#U41@+MI4>!6M8&H
M7X\0*E;-3O<"[.&-YEYUTKZ/B8#T+IEU-9]=EP(RP0`5H(9FM@#@%H-]:1WA
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M(9<FLX[5&ALL@JU+!_/=X<`"H:=1X631O4Q>JW9Y5_DMKF4=%\7VW4&3:?05
M:M$K=$BPY_IT97U./#^A'TU-#.P_UY+6Z_0OGV\2MXG#8K$1$P\9%;B1D\FV
MDA()]I[2>\U*1TEJS"VJ15$*'6N"96P);@%S#=9D#P"P@_V5FHEL-9UNWS8S
M[J/X?$YP(!%CQ'LH<$4[HOG=XO[@9Q$66IW#-(4[,9?'J);:'`!HDZD%2R``
M#;GPX5"VG2="R;\KG(G6"VUW>!4]Q9S8N0FO[/SDEKUGFT+<C.J4VDZCJ0`X
M-("_*%`7ORJ6UL.AR+]B<G9N-5>XF^Z^@T^/KD[:D?-L\_D9!"70/8AW@E7X
MK>-*,T.9^O-:VG7N8E[1G3=J;YQSV09<AN,O!J6T\DH4&7ORUFQY@:M5^ZHJ
M:O"E/&R(N:IKKX;"K=>\'\WMJ+EFTW=QCP#A`_N7[(5?P6$5,CHOV''YK*GO
MB_8_K04>@N<^4W1)Q2U6:R;&IM/9ZT>ZA]+95]%%M-7^NY'+=<'_`"7M7TJ>
MW6O:TES>V->@-ZW\\A+"$>V0TH(N>[0M%SW5$MIZ]<PW*_%QVW/>M/D.>\9\
M7I]TW:Q>.7IF.-_)PUC@HN+!+S_B+J5XVJ7HC:9MR.'B\L=NQ?%]MY'MI]/-
MS[F*58^-Z4&]E3Y%T,V[=/VG#]T>^H7<<OA]+O7W5*D>++1M+HWM?!E$B8G]
M5R";'UI"1Z25?Y;/%(\57-2HG5X?1;-G5_=+O^0^@`"PX`<A5C;G*.^8(@[S
MS<4#2E$QU:!^ZZ?43]2ZH?..I6^3(FN]F-@=SYW;T@R<3-<BGFXV#J:7;]MM
M5TJ^B]"F+FW;+K!T.EL/N.0SLV-G=TEG'.*92]**=00@.$!NX.I040I-QV'A
M5JZ:G?6<AJRKEVD=-?3L$[=G2+#;H6[GMO9((ES27E*4OUXKRCVA0)4CW7'=
M44X&LS.C6\C_`'+<ON?I3([N+:FX-O/^AF(2XX4;(>^)E?W'!Y3X<^ZHKQ.5
MR<&[8=)KTE\Z:Y!G<W3AB)+/J%#+F,F#MLA.@?2TI)J5L.TZ9<5_%2?#E?;P
M.>UIG8#.%-RF=B97`_YD=SA].FJ[CB7S6;W^J,O<=#=0X3&Z>FS\J(-9]!O)
M0_%"?4MXELJ35GL.VZC;61BMKAS+MX"AT#VH").Z)*/BU1<=<=@/YS@\3Y`>
MY5(ZZFL_7L.B=V7@OC\O666K'4!0!0!0!0!0!0'&Z_B5XFJGRMF_VMOW<^V5
M@8V43$O=<%Z[C!]MDWN@]Z2*BG`V&'U.]8_%UCP>PK^VNL.T,^J.QFV48W(-
MK2ME4BRV/5'`*;>(\A^];QJ>;B=1B]9L7J*?VR[]GK-AU6V?F-V86(UB'6#\
MLX9'I.<"[=!2G0Z+A/!1YBQ]M&CVZMA3R;:4&M-3G[(8C.8?("',BOPYY.AM
ML@I4LJ.FS:D\%A7+RFJMG%3Q[MJ?*TU(Z`QT+_H#IXQ$CH2[FI!0TTWPL]DI
M9"4)[TI4?ZB:ML1VMJ'^)C**_-^V3[>I#!M+:L';F+$5C\V6Z?5R$Y0_,D/J
MXK<6>?%1-AV5,50S<7&C9C1;=[XLV>0R$+'0GITYY,>)'07'GEFR4I'_`&Y5
M)[7+D81<I.B1'&.J>7W1U`P\#'E<+!_-I_)3Y77TH"E:GB.2>%]`]]ZI5U.:
MCU>5_)C"&D*^OMP+60"+'B#S%7.H.0<Q",#,3X)%C%DO,V[D.%(^H51'S')M
M\ER4>#:+3T7P$;![8E[JR5FE3&U.)<5_=PV;JO\`C(*O#34QXG6]$QE9LN[/
M2O\`]5V]Q']T;@D[AS\S,2+I,I=VFS]AI/E;1[DCCWWJ$<MFY+OW7-[S'Q&:
MR^&EB7BI;D.1VK:-@H>Q:3=*AW*%*%+&3<M.L'1E9VOUW8=0(6ZX@"5C0J='
M3J00>!]5DW([]-_"IKQ.FQ/V",OMO+TKXKMX%-PCN$>P0&VE1G(.E?RJ&C=A
M*EW5I*4_"-2N*>RI7<;^RX.W_M4Y=W`YKW3L;<VVW5?JD.T8DZ9C-UQS<_M`
M>3P4`:ILVG!YG3KUAUDM.*V#OT3P,W-9L[@R;KLF)AT^A`]=:G!ZZQ]C438-
MH/9VD>RI2U-OT*Q.[/S9MM0T5>/T^0^LXN)O#=3V5G(#^%P#JX>+CJXMNRTD
M?,R%`BR@A0#:.RZ2:FE6;J-M9%USEK"&D>][W\!WJQLQ`ZD]5(FV`<;CTIE9
MU:02A7%N.E0X*=MS4?LH]YL.=6S3]3ZM''7+'6Y[O$W/3;(Y');)QD_(O*D3
M9*7''GE@`JN\NW!(``TVL!V5,=AE=-N2G8C*3K)U][)Q_,-!*<CA9X'!UIZ.
MH][:DK3_`+YJ'M-#^RV]82\5V]8B;`VLK<VZ(F.4DF&D^O/4.QALC4+_`+YL
M@>-0:?IF)Y]Y1_BM7X%%Z\[I2VQ$VK#4$A03)GI3P`;2?R6K#VJ&JW<*E\#>
M_L.7RQ5F/B_@NW<1IMQQIU#K2U-NMF[;B"4J2?:E0L14-'*1FXNJ=&4C:G7#
M<&,T1\TC]6ABP]:X1)2/O?"Y^*Q[Z5:-_A_L%R&ES[E[>W:I5-K9C8>X<B<W
MA5-#,%HM21;T9);40HI>;X:^*0=7'N-2J'1XM['O2\RW3GIZ?2)'7':NXLED
M8N4@8XR842.6GGF#K>N5%?F:'FTI]HOS-'M-1U[#NW&IQC5)>DEF#R.Y$.'$
MX69(85DW$L*C,N*0EQ:SH`4!RY\3[*J<]C7;R?EP;7-N.@9L16UMGXW:V#4!
MEI]H$%SV.K!7(E*`XV;3K</?859Z*B.UG#R+,;4/SE]J^,O1M-UM/:&%VOC$
M0<:R`JP^8E*L77ECFIQ7;X<AV5*5#*Q<2%B/+%?4V.4RF/Q6/>R&0?3'AQTZ
MW75\@/\`:2>``YU+9ZW;L;<7*3HD3O9W5"?NO?BH,9KY7!LQG7&VE`%YQ25(
M2E;AXZ?BX)3[R:JFVS38757D9#C'2"3](Z[S@#(;2S$.UR]#>"!^\$$I_M`5
M+-IFPY[,U_I9R:%#0%'@+7-5J?-&M3H#ISC(NR>GLG<&33HD2F_G9(/!0;`M
M'9'>;_UE5*T53M^F68XN,[DMK57\%VXD*RN2EY7(RLC-.N3,<4Z][+J/PCN2
M.`[JBAQU^]*Y-S>UC'M3J?NS;FAIB1\YCT\/D91*T`>QM?QH]W#NIL,_#ZQ>
MLZ5YH\&5*'O7IMO^(G&YMA$:8H61'ED)4%'_``)`MQ\"#W4JGM.DM9^+F+EF
MDI<'\&-NZL4Z]LK(8N.PO(O*AJ8896M(<<5HTH)6JPU`^:]6>PV&5:;L2@ES
M/EH<OVR^$R:"I+V/RD186G4DMNH4.VQ_^XU4^>M7+$ZZQDBP=(X^<W-F7=X;
M@D*EF"DP\85A*4A:A^:M"4A*19)TWMQ)/LHEK4ZGHZN7Y>?==::1[=MIO8VW
MH>^-QN[BRJ1)P..6N'@X1XM/%I5GY*P."DJ=3I0.T)N:4JZF;''CE7/,GK".
MD5N?%^LH"$(;0E"$A*$@)2E(L`!P``%7-LE01NHO5/';40J'%2F;FU)U)C7L
MAH$7"WB.(OV)'$]PXU64J&KZCU6&/]JUGP^8UX"7)F8+'2Y)!DR8K+SQ2-(U
MN-A2K#L%S5C/QYN5N,GM<4_80+K?!^6WZ\]:R9L9E\=Y2"T?_AU5[3C.OV^7
M(K_<D_A\#6],=IG<FZX[#J-6/AVE3[\BA!\C?_,78>%ZC:>'2,/S[RK^,=6.
M/7K=?K2HVV8R_P`N/IDY"W^(1^2V?NI.L^*:EFU_8<S56EXOX$WV_NC/[>D^
MOB)BXQ4;N-?$TO[[9\I\>=10T&+G7;#K!E:V]UMP&68_3MVPT1O5&AQ[3ZT1
M?WT*U*1[[COJ>;B=/B]=M75RWE2OI0];2VSMW#_-2]O.?^79(H=]!MP.QPM(
M(UM'C;4.8O;A4I4-OB8UNW5V_P`9>KT$/ZR8Y^/O>=,^2>C0Y7IZ)"TV:=<#
M8"U(4/+QMRYU5O4Y'KEEJ^Y<K2>\Q-N[GWOD(4;9&.F%,2>KY9`T`K0TNY<'
MJ?$&TIU$]W"H?`\\3,R+B6/%Z2T]'R.D,/BH>)Q<7&0T:(T1M+32>Y(M<]YY
MFO1([JS:5N"BMB,RAZ!0!0!0!0!0!0'(V)P&;S4E3.)@O35I-EEI-TIX_:6;
M(3[S5*GS2QB7;KI"+8ZP.@^]9"=4EV)!_<6XIQ7_`(:2G^U4T9MK?Z[?>UQ1
MEN?R^[G"#HR<):NQ*@ZD'WZ54HSU?ZW=W2C[?D?D#$]8]AC7#95-QJ#=<9I7
MS3%AQ-F_*ZCQ0!5=46MV<[$V?='AM7S*3L;=L#?..5)E8DLOXU]`5ZR4N-ID
M)&H*961<*3P)X`IX59.IO,'+CE1JXT<7OX]QL,WMF7D]T8+*JE)&/Q"GG5P"
MD^=YQLH0Z%`\T7Y$5+6I[7L:4[L)5^V-=!AJ3,(;UYW2^_E6-ML+*8L1*9$Q
M(^V\OBVD]R$>;Q/=57M.1_8<QN2M+8M6:CH?B%S=[IF:;LXQAQY:CRUN#TD#
MQ\RC[J+:8WZ_8YK_`#;HKZ'1-6.W.=<YM-S.]8LAA6KAE^5Z\IQ/V&"VAQU7
MCYK#O(JF^AQ5_#\[.<%LK5^\;^N.Y&<;A8FU,?9HR4)7(;1P"(K1LVW^-2?H
M2:F7`V/7LI6[:LQTK[EL[=Q$"0.)-J@X\8L-T^WIF$I<@XEXLKXI?>LPV1[0
M7"F_NH;"QTO(N:J+IZO>,#?0K?:TZE?)MG]E3RB?[*"*FC,U?KV1QCZS\C].
MNJ^V)'S^*:4EU/Q*A/(7J`[%M*TZQW%)JM&6ATS-QWS0]C^`W[:ZQONS&\!N
M_$N,SGU)8"D-*LM2R$@.1U^87)YIN.ZIYN)M,7K+<O+O0:D]-GP**O"(@8*5
MC]N-L8UYQ#IBD(LTV\[<ZRE/[QO5J::&Z=GE@XVZ1X'GLS!N8+:^-Q+I2I^*
MR$OJ224J=42IQ0)`)U+432*HBN'8\JU&'`\]\;E3MO;$W*@!3[20B*V>2GG#
MI;![KFY[J-T*YV3Y%J4^&SQ.5I,B5*D.R7UJD2Y"RXZXKBI;BS<D]Y-5V'SF
M<Y3E5ZMG6.T\2<1MG%XU0LN+&:;<'[X2-?\`:O5DCZ3B6O+M1CP2$/\`F"BI
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M]/?3FH;"SU;(L/EOQ;7'?]>VI2-OL;'W+)C[PQD1"YK9<;3++:FG`LC2L.)X
M!2@%6N;]QJ51ZF\QU8OM7H+7CL/M&$S+W4-69FAM6)B0#'Q02HE2'75I+ZEI
M(X*4$VN.&FE-2WDS>1SR_!1HO'?Z?@,]6,TYZZT;Q?RVXEX5A9&,Q*]"D`\'
M)('G6K[E]"??5'JSBNNYSN7/+7XQ]_;0VW\O>,6O*9;*$?ELLMQ4*]JG%>HJ
MW@$)^FI6TR?UNT^:4^ZG;U%N6A*T*0H72H$*'M!JQUC1S+T_V=^N[W&-=1JQ
M^/=6[.OR+;+A2EL_\10"?"]>:U."Z=@^;D<K_&.WMWCAUZW7K>C;7BJ\C.F5
MD+?M$?DMGP'G/X:LS9_L.9LLKQ?P7;N)`2`+G@*'*FQQFW=P947QN-DS$_MM
M-**/Z]M/UU%3)M8=VY^,6_0;?_TNZ@*;U'!O:?85-7^C70RET?)_L]QNL-NK
MJ?LA*4384IS%H_\`IIS:U-)'^6\+Z/IMW5%6C-L9>9BZ2BW#O^90,9N[IWU&
M9;QF3BI1D5@^E%D#\RX!),=]'.P%^!![JFJ9NK69C9JY)+[N#V^AF\S>$R.$
MV`_AMGQRN4TP6(B5.!*P'"?4=U*TA3GF*A[55+5%H9=ZS*UCN%E:TT^/I-]@
M\:SB\+!QS*=+<-AME(^XD)^DVJ4C*L6U""BMR-/U$W:-K[8?R#8"IKA#$%"N
M(+RP;$CV(`*CX4;,;J.9_CVG+?L7B<Q$3<G/LM:Y$Z>\$J<6=2UNO*M<GVDF
MJ4T/GZ<KMSC*3.O849,6&Q&3Q2PVAI)[D)"?]E>A],A'EBEP(O\`S#Q`C(X6
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MM?I[L[%YA6XL'YD2&2AA"'`['0%JNI;)\Q&JUOBM4I(V.+T^Q;GYMO>O%>@;
MZL;$*`*`*`*`*`*`*`\(4&%!C(BPF$1H[8LAII(0D>X4*PA&*I%41ZN.-MH*
MW%!"!S4H@`>\T);IM,=O*XQQ>AN8PM?+2EQ!/T`T**[!Z)HRJ'H?+;33>KTT
M)1K45KT@"ZCS)MS-"$DCZH2?$B0Q'96_(<2TRV-3CJR$I2/:2>`%")2257L)
M/U%Z/Y'-Y21GL+,0](EZ5.PWR$I.E"4`M.@$<D\E#WU5IG.]3Z*[TW<@]7N'
M/I[L>/M+"?*:P]/D*#L^2D6"EVL$IOQT('!-_'MJ4J&TZ=@K&M\O\GM8RO/-
M,,K>>6&V6DE;CBC9*4I%R23R`%29TI)*KV"'L5J*E&=Z@9`>@C+K6_'6X+*;
MQS`LT2.PN)1K/NJD>)JL**7/D2TYO_JNWN(X6-P=0]Y2GH;)5(F+UDK-FX\=
M/E;]10Y!*0![2>514Y5PNYU]N._V(MVS.E.V]N-MON-C(94"ZYKZ00E7^4V;
MA`^OOJRB=9A=)M6%6G-+B_@.E6-H%`%`8\C'P)+S#\B,T\]&5KCNK0E2FU6M
M=!(ND\>RA25N,FFU5HR*%PH!7ZA;17NW`*Q;$Q,5]EY#Z5%.M)4A)LA8!!`.
MN]0U4P.HX?\`DV^1.CK4GG3_`*-9B+N1,[<3;:(F-<"XS:%AP2'1Q0KAR0@\
M?,`2>RU529I.F]#G"[S7=D=G>6NKG5")U`AM;DSN#VB/.UZOZIE@/L16`4(2
M?9ZSB](]]5EKH:K/@KTX6>_FEX+YBKUZW6AMJ+M:(H)39,G(!/`!"?X+7#O&
MLCN323-9^P9=$K,?%_!=NXUG3_HO)RK364W$5Q("QJ9@I\C[J>84X?[M)]GQ
M'NJ$JGATWH3FE.[HN!:\3A,1AXJ8F+B-1(Z?L-)";]ZCS4>\U9(ZJU9A;5(*
MB,VI/4*`\I,6+*84Q*90^PL66TXD+01WI5<4*RBI*C54>6,Q>/Q<%J!CV$1H
M;-PTPV+)3J)4;>))-$B+=J,(\L51&50N%`<\[KZ0;V:S;KT1I.39GR5K3(:4
M$E!>65?G)6;I`OQ4+BJ4:.+S>B7_`#&X_<I/M4L^Q]IQ]K;=CXMM0<>%W9;X
M%O4>7\:O#DE/<!5DJ'48.(L>TH+T^)MLGD8F,QTG(2UAN+$:6\\L]B4#4?Z*
MELR;EQ0BY/8A"V+$C;/V+.W/ED>E+R.O)2V^2@EPDL1QW^?^LHU2.B-3@PCC
M6'=GME]S^"[<2-8W%;DWON.08S?KSYCBI$MY1LTT%GFM7'2E/)(Y\+"H.4MV
M+N9=;6U[7N1;MH]'=L8-#;\YL97)"Q4\^D%I*O\`+:-TCQ5<U91.MP^C6;*J
MUS2[_D/B4I2D)2`E*18)'``"K&W/V@`@$$$7!X$&@--&V=MF+F_UN+CF6,EH
M4V7FAH!"[:CH39.KA\5KU%$8T<.U&?.HI2-S4F2%`3OK+L[<&X\=`5B$)?,!
M;KCT4JTK7K2`DHOY24V/`GMJLD:7K6%<OP7)_&N@H=(.F^47G$YW,Q7(D;'+
M5\K'?24+<D"Z=6E7'2W[>U7+E4+4UG1>E34_,N*G+L3X_0N=7.M)YO/$L;HZ
M@8'"K2'(F':<R64[1I6I*66E?\13?+]F]4>KH:?,LJ_D0@]D/N?R]GJ%/KWN
MSUIL?;4=?Y,6TG(6/`NJ'Y2#]U)U'Q%2V:O]AS*M68^+^';O-7L3HWE,ZVWD
M,PI>.Q:[*;;`M(>2>-P%?PTGL)%^[MJ$JF/T_H4KJ4KGVQ]K+1@-E[7P#:4X
MO'M,N"UY!&MY1':7%75]=62H=5CX5JROLBE[_6;NI,H*`T&XMA[5W`VH9&`V
MIY0-I;0]-])/:'$V/TW%0U4Q,C!LWE]\5X[S:8C%0L3C(V-@H].)$;2TRGML
MD<S;F3S)]M2D>]JU&W%1CL1ET/0*`*`*`*`*`*`*`G$K>VZ-US7L;L1E+,!A
M1;E;CE)_*!',,((\Q]Q\!SJG,WL--+-NWY.-A4BMLW\#V9Z-XJ4H/[ERD[/2
MSQ6IYY3;7@EM!N!^*G)Q++I$):W92F_'M[P;Z6=))KKT.)%85+8_C(CRG"ZW
M8V\R0XHIX^T4Y4%TO$DW%+5?ZG\S9[9Z?';N5^8@YN>[BO34G])D+#K86;64
M%'B-/'A;WU*C0]\;`\F58SER_P!K&ZK&P"@/*7%8EQ'HDA(6Q(;4TZ@\BA8*
M5#W@T*S@I)I[&<U8O>6\-C9:5B8\HNQX+ZV%P9%W&2$*M=/'4C4./E->:5#A
M8=0OXEQPK5)[&5O:?6;;&:].//5^DY!5AZ;ZAZ*U?N/<$^Y5C5E(Z3#ZU9O:
M/[)=_P`S:;\VWG-RQ(>.A36XV'>=2<PCS!UZ/<$H;6+BQ',=OMMP*2J9.=CW
M+R48ND*_=Q:%3K/F'4Q<9L?#-_ZK)EL%A`TCT$*TM-#LLI8X^P)J)/<:[K5U
M\L<>VM94]6[MW#KL;9L':N#;@,6<E+LY.E6\SKMN)^ZGDD=@[[U9*AM,'#CC
MVU%;=[XL-X;XPVUXK:IA4_-D'3"Q[`U/O+Y`)3V"_;_MX4<J#+S86%KK)[%O
M8LM8KJENH!_)Y$;5QJ^*,?#&N64GEZCIMI/O]U5HWW&$K65?UE+RH\%M]?;P
M/171K:*$AS(Y'(R'%'27I$Q0)4?98)XTY$6_XBRORE)^+!SI-*@`N;9W-DL:
M^!=+;SOS#!/8%(.GA]-.3@P^E.&MJY*+]:'O'-3&8$=J:^),Q#:4R)`2$!;@
M'F4$C@D$]E7-I;4E%*3J][,BA<*`C_69S,[=SV-W-A93D-R4@Q99;^!:V3K;
M]5!NE=TE0XCLJDEJ<UUN=RQ.-VVZ5T?H[>P^]J=>HCVB-N:/\JYP'S\<%31[
MUM\5H_#?W5/-Q)P_V&,M+JH^*V%09R+.0QBIF&?8E^H@F*[KU,E=O+J4BYM?
MGVU8WZN*<:P:?#@*>VH$K:N&S6Z-VOH7F):E2,@\@W2EIFZ6&6B;<+?".^U4
M2IJS`QX.Q"=VZ_O>K]&Q+MW";TPVJ]NS/2][[@;]1E4A2X<=7%*WDGGQYML@
M!*?:1W4BJFKZ7B/(N/(N<=.W!=MA:7'&VFU..*"&T`J6M1`2$@7))/("KG3M
MTU9/9747.Y^8[CM@P$S$M*T2,Y*NB(VK]SM6?^UB*IS5V&HEU"Y=;CCQK_J>
MSMVH?2>F^Z\B/4W!O&<M:N*H^/M&:!]@MS_JTY7O9/\`QUV?_LNR_P"W3MZC
M]/2-QCSX[=>9BO#DM4CU![TV3>IY2%TEK6-VXGX_T-[M'%[UQSDEG<&69RL0
M!(@NI:]-^]SJ]6W#V6Y^-$GO,O$M7H55R2DMW'MZQDJQFA0&BWQBI&4VMD(T
M5:VIJ6R]"=;44K2^S^8V4J38@E2;5#548N;:<[4E'\J57BB0[1ZZYJ"&X^?:
M_4XG`?,HLB2D=XX(<^H]]539S.'^P3C]MU<RX[_KVU+%MS>&W=QQ_5Q,Q#Z@
M+N,'RO(^^VJRAX\JLG4Z?&R[5Y5@Z^\T>\,)N3<.X<9B7&4(V@A8E9-X+!7(
M6R=:&%HX$(*K<KW]PJ&FWW&-EV;EVY&%/]K;+OIN%3K#E9N>SV-V+AK./K6E
MZ8`?*%D$MI7;DEM%W%>ZHD]QK>LW97KD<>&U[>WAJ47:&T\9M?#MXZ"FZOBD
MR2++>=(\RU?[!V#A5DJ&ZQ,2%B"A'^IY;NWQ@MKQT+GN*<EO\(D!D:WWE<@$
MI]E^T\*.5",K-MV%]VU[%O8LH=ZO[D_-9$;:>.7_``TNI^8F%)_:219)_JU7
M[GW&%7,O:JEJ/KEV]1[#IMNM0U.[ZR9>]J$I0B_W`JG*^);_`(Z[OO2KV[S\
M1@NK>'>;,'.Q<[$UI#C.0:])P()LI06W<FPX_%2C1"L9=M_;-37^I4[>LH-7
M-N%`%`1?=N^-U;%WQ+C-+^>PTS3,8AR22$I=N'$M.#S(LXE5AQ'=5-4SE\WJ
M%W$OM?E!ZT?;B.VTNJVU=Q%#`>^0R*N'R4HA)4?\M?P+]W'NJ5(VN'U:S?T3
MI+@QDSDV?"Q,J5CX2LA-:05,0T*2@N*[!=1`_P"W"I9G7IRC!N*YI<!0P"GM
MJ;-R.ZMQW5F\A>?DDGRJUD:(\5(^SH!2@#L)-0M%5FOLO_'LRO7/SEJ_@NVP
M3^E6QW=QY%_>>XT>LVZ^MV*RL>5Y[4=3J@>;;9\J![1W<82J:OI."[TWD7=:
MO3YEL4I*4E2B$I2+J4>``'::N=2(61ZI*F3W,5LS&KW!.;.EV4DZ(;1_>=/!
M7U#V&J.?`U5SJ?-+DLQ\R7'^/K[>)YIPW67(#U)6>@8@*X_+Q(_K%/<5.#_;
M2DBODYL]LXP\%7W_`#/T[>ZQ0QZD7<T/($<?0EQ0V#;LU-@FIHR/\?,CLN*7
MBJ?`9=I3MURX3QW)CF<?,:=+:`PYZB'4``^H.>D7-N)J57>9V+.[*+\R*B^[
M>;RI,H*`*`*`*`*`*`*`*`7]P.G:^RYCN"AHOC8RC$BI22D6[2!Q-KE2NTU#
MT1B9#\BPW;7XK1=O6(G27?6ZMU2LKC,F^'FDQBXU/:;2VIEQ9T!/D`2;W*D]
MOEJL74U'2,^]D.49\-O#M\#$Z==)=U8'>362GN,MPX0='K-.:E2-:2@#38$`
MWU'52,3SZ=TB]:O\\G]J]I2]W[L@;8Q(R,P:DK>:8;;!L5*<4`3V_`C4L]PJ
MS=#>9>5&Q#FEQH;L$$`@W!Y&I,H*`*`YNZQ_HSN\W)F+ELRTRFD*E!A06$/-
M^0@E-QYDA)JF\X7KOEN_S0:=5K3B(QM;CR[:DTIT)TDB2<!L%S+9F4ZF*\E4
MQMAU1*&(J$W3H2?AUCSV'M%([#NND0E9QN>XW3;X+M\#TVSU;V7N%]A,]M.-
MR;:B8J9@2I(*AINT_:R5%)M8V/912)Q>KV+S7-]LEQ^#'R6\\W#>>C-?,OH;
M4IE@*"/44!=*=:N`U'A<U8V\VU%M*K$G86SI_P`V]NW=2/4W-.)+;*[%,-GD
MEIL7(!MS/LX>V](K>]IK,'#ES.[=UN/_`.*[NWQ%OJ%U@W!M_=SV,@Q6/DX(
M;+R7TJ*W]:`LZ5`C2+&R>!X_11R,#J'6;EF_R12HN.\_>K^TMV;E?Q&1Q<5R
M7!^7`5`U)2MEYPZM:DK*1Q20DGLM22'6,._?Y90_&FS@^WN*/L['93&[7QD#
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MA_*/F/$0.:EA!6;]UDV\2*LV;ZY?C!Q3VR=$;"I/4*`*`Y4WYAD8?>&5@-V]
M!+ZG6`D@@-O?F)3P_9U:?=5#YSU.QY5^45LJ:2/)?BOHDQWEQWVCJ;?:44+2
M1VA2;$49B6[DHNL71G3&VLSD\1T^:S6[I1<?;8,E]6A*7$MJ_A-D)MJ<(('W
MC:I3HM3Z!C7I6\=3O/6E?EZ3UVO*V%G<BO<>$$=S+.->E)=`T2$I.DD.MFQO
MY0-5O?:BIM+8L\>[+S;=.:GI]*^)L]U9M["8"9DV(CLY]A%VHK*5+4I9-DW"
M;G2";J/8*ENB,C*O.W;<DN9K<+NQ-COQG5;FW*?G-U3QZCBW!=,5!'E9:'))
M2.!(\!PYQ&.][3#P<)K_`';NMV7L[NW@:=KKA$<W@,-^G*&.5*^23-]3\SU-
M?IA9:T_!J[[VX]U.8Q%UV+O^7RZ5I47>I3G4T;]MC/GPP"W^CB)K]`C2-6K3
MY+Z[Z]?9W565:F%U-Y?^1]G-R[J;.WC[BW1R]\NV9&D/:$^KI^'5;S6[KUZ'
M51K37:>&)RT#+X]K(8]T/PW]7I.@$!6E10>?>DT*6;T;D5*+K%F70]`H"3_S
M`8/UL1C\VVGSPG3'?(Y^D_\`"3X+2/IJLCG/V+'YK:FOXOW]O:0T@$6(N*@X
MXKG1'<&\IV85C52U2<'$:+DD2`7%-W\K2&G"=0*E=A)%@:+:=3T'*OW)\K=8
M+B4+<<W86XI<C9^8E-JF-E#GRREJ:4'%)N@MK\H*P%7L#[JET>AN\B>/>D[,
MVJ\!E@08L"#'@Q$!N-&;2TR@=B$"P%6,VW!0BHK8B>;D>RV]]SR-HP''86WL
M9I.X)J04+>6KB([=QR/MY=O$`7H]70U&0YY-UV8Z6X_D^/=V_KM=R;EVWTVP
M4*-%@'0\I3<2$Q9.K0`5K6M7B+DW))J7H>^5E6L*VDEX)&MW#U`R&5Z9O;@V
MLVZS)]4,21I"W8Z0JSJ@!J!L"/-[#>H;T/#(ZA*YBNY9V^X_.B>>W3E\3/5F
MG'9,9EU`@S'A9:[@EQ&JPU!/EX]]JF)'1,B]=@W<U6Y^\I%6-V%`%`%`%`%`
M%`%`%`%`:#;&^ML;E1;&2TF2!=R&[^6^GQ0>8[TW%0G4P\7.M7U]CUX;S'WK
M%R<#9V3_`.E8X8R)2%(3%0E+ANH>HI`2.+FB]NWWT>S0KFQG"S+R527=[?8*
M/0^3O-X9+]85*<QB0CY9<W7K]:YUALN><IMS[+^^JQ-;T.60U+S*\NZHE=:=
MUC-[G.-87J@8C4P+<E2%?QE?AL$>X^VCU-1UW-\R[R+\8>_>4KIQU(PF3QN%
MPKTDJSRXY;=9T*M>.DBZED:;K0G4.-2F;[IO4K=R$(5_W*>[^AB]7M][IVP[
M!:Q2&&XTU"_]6X@N.)=;(U)"2='PJ!X@T;9Y]9ZA=QZ<E*2WGIT7WAD,_BLA
M'RLE4K(1']9=7I!++PNG@D`62I*A2);HF;*_"2FZR3]C(UOS!#!;ORF.0G0P
MEXNQDCEZ+WYB`/NZM/NJ#E>IX_E7Y1W5T\#]V)M=>YMSQ,80?E;^M.4/LQVR
M"OCV:^"!XT'3<3S[RCNVOP*;UVW0W$QT7:T(A"I(2],2C@$QVS9MNP_;6F_@
MGOJ9<#H?V#+Y(*U'?M\-W;N(D0"+'B*''C9LWJ#O+!R&86+=7/960EO%.A3P
M5W-`>='X>'=5=AML#J61;:C'[EPV^HM.!ZJ8&;,5B\NDX/-M*#;T*6H:-=KV
M0\/(>?(V-64CJ['5+<I<D_LGP?S&2=M[`Y"8Q.FX^/*EQ[>A(=;2M:;&XLHC
ML/$5-#-GCVYM2E%-HCN]][]18741<&"MYIMIYM&.QR&PIN0VH#B>%UZR3<W\
MO=:J-NIS6=G94,GECLW+B4KJ-NP[;VG(FH(3D'P(\%%[_G.`^;\`NKW5=LW?
M4LOR++E_+8O$D/1?=T+`YN<SE)28\":QK6^Z;)#S)N"3[5)6KQJJT.:Z%FQM
MW)*;I&2]J[,N<G.-KVV[F\2D9!OY94J(A*B@/`)*@`2"1?PJU3KI7_\`;<X?
M=I5=Y'\-UPW%/W3C$RTQXF'>?2U(8;22=+OD2I3BR3Y5*!X`56K.9L=>N3O1
M324*T-[_`#`8(2,+`S2$W<@/%EXV_NG^1]SB1]-3)&7^Q6.:TIK^+]C[>TAE
M#C2_=)\'%VKLF3N/*?E.S6_FWE*'F1%;22TGCVJ%U6[P*+B=OTC'6/CNY+^6
MOHW$1S^;EYS-3,O+_C3'"O1>^A')#8[D(`%0CD,O(=ZXYO>?6"W'G,#*^9Q$
MQR(X3=:$F[:[=BVSY5>\4H3C9EVRZP="Q[3ZWLR8J5[C@KALA89.680M<0N$
M7"5\RA1`)L-5%(ZO#ZXI1K=BX[N;<41YG`[CQ!;<#&3Q<H"]B'&U`<001V@^
M\5;:;IJW>ANE%B3U`E*Z?[-0-I0FX"'Y*4/R$HUAH*23K5JU74HI"0I5_P"B
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MT93]H]=,S%6U#S\<Y-E1"$26$@2N/`70+)<]UCXTK0Z/!Z_.JC<7-WK:6';^
MZL!N".7L5,1(T_Q6?A=;/L6VJRD^\59.ITUC*MW56#J:]'3C9R-Q?]0)@)&1
M]3U@=2O3#QX^J&[Z-?;>W/CSIRH\5TZPKGF<OW?$GNW>LFY<COMG&/Q&ACI<
MI45,1*%!YD`E(65WXE.FZ[BW/E55)U-/C]:NSR.1Q^UNG>NV\;.L6[#@MJKC
M1UZ<AE=4:/;FENWYSGN2;#O(J9,S^LYGDV6E^4M/GV[Q?Z$;FB-[=GXN;(;8
M3CW@ZRIU80D-2.P%1`X.)5]-(Z&'T#+7E.,G^+]_;VE"W=N>-MG!O9>3'=DL
MLJ0E3;`2576K2"2H@!-SQ-2W0W67E*Q;<VFTA,V+U@=W-NHXEZ"W"C/,K7$.
MLN.J<;LHI4;)3Q1<\!V5">IJ\#K/^1>Y*<JIIV\!3Z^PI[&X8<HOO+Q\UBR&
M%+46D/,FR]*+Z1=*DFH>TUG['"2FG5\LE[5V1+20`2>RAS9T/M&!%Z>]-WLG
MD$:9JV_G)B#P4IY8`98]UTH\;FI6B.ZP[<</%YI;:5?CN1S].F2<A,D39BO4
ME2G%//K]JUFYM_LJ*'$W;LIS<GM8W[3ZM[KV_H8<=_4\>GA\K)42M(]C;W%0
M\#<4U1M,/K=ZSH_NCW_,LVT>J.U-R%+++WR>15P,*39"RKV-J^%S\)OW5*D=
M7A]4LW]$Z2X,V.[]E83=<)J+DTN),=9<COLJ"'$$BRK$A0LH<P14M5/;,PK>
M1'EGN$W=NXXW2[#XS";>@I=5)+KI=E*4H>4IUJ44Z2M:BH=HL*C9HC69F5'`
MMQA;CMXCCL7<_P#U-MF+ERQ\LX[K0ZR#=(6VHH5H/"Z3;A4IU-G@Y7GVE.E*
MF_J3+"@"@"@"@"@"@"@"@"@..`MQM\.MJ4VZA6I#B"4J21VA0XBJ-'RU2<75
M.C*1LWK1NF$_'Q^1:.;9=6EIKDF7J6=*0%_"YQ/VN/?2K1T&!UVZFH37/7UE
MXDG6R6`]\M(?0I+*@4E:5:?B2#P44\ZN=A+54K1LYYW9T<W7A/4DQ`<Q!%U*
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MW)4]V[4=`*U!/PMMI2.)TH`%5J<IDWIY%URI5MCQM/H;GLEHDYQS]*AGC\N+
M+E*'AQ0W[[GNJ:-FWP_U^<];CY5PW]NU"R;:V;MS;;'I8F&AI9%G)"O.\O[S
MBO,?#E5DJ'48V':LJD%3WD&ZSP!&Z@3E:;(EM,R`.PW1Z:OK;JKVG'==M\N2
MWQHS"VIU+W5MHI:C2/FH"><&22ML#]Q7Q(]QMW4V'EA]7O6-*\T>#+WL7>D7
M=V+5D&H3L13"RRX';*3KL"KTW!\0L1?@*LG4[+`S5DPYDFA7ZO[!W/N5R+,Q
M;S;[,)M24XQ7Y:BM1NIQ"R=*B0`+&W+G4-&OZSTZ[D4<'^.XA,Z#-@2EQ)T=
MR+*;^-EY)0L=]CV=XJ*G&W;,[;I)49>.@^;^=VH]BW#=W%O%"0?\%Z[B/[6L
M5,3L^@9'/9Y7MB_8^S(UO3!G![IRF+`*&V7E*C_\)S\QJW@E0%13<<KGV/)O
MRCN3]F[V%_A*1OCIBE*R"]D81;<)/*2V--SX.HO5MJ.U@_\`*Q>^4?;_`%(5
MT_VH[N/=47&/((C,J+V2[-+31\R#["M5D>^J[3C^FX3O7U%[%M\"C=>-U)9B
M1=K0U!)>"9$\)X`-(/Y3?#]I2=5OW1[:E\#>?L&9RQ5J._5^&[MX$JV_M?/[
MAD_+XB&N20;..CRM(^^X?*/#G45.;Q<*[?=((L.T^A&)AZ).XGOU&0./RC=T
M1DGOY+<]]AW5/+Q.JP^@6X:W/N?L-IUCP\?_`-.)#<5E#+./<8>::;2$I2D.
M!!TI%@/*LTEL,CK5E?XK27XT^7Q(1@=RY[`2?F,1,<BJ)NML&[2_OMFZ5?1>
MHH<;C9MVRZP="Q;-ZT0<VZQAMP0?3ERU)8;<9276'5+-@%-FZD7]X[Q4UXG4
MX/6X7FH7%]ST[F4#/XV>]MR9CL&MJ#+=94U%<*2EMO5P)`1R\M[6Y&I9N;]N
M3MN-ND730YAW#M+<&VWPQEH:XZ3P;?'G97]QP>4^!X]U5V'S_+P;MA_>O3N-
MSTES?Z1OF`5*TQY]X3_8/SK>F3_S$IIO,KHN1Y>0J[):>OZT'G^8/!ZF,7G6
MT\6E*AR%?NK\[7T*"A[ZF1M_V/'K&-Q;M/E\3%_E]SFB7D\&XKRNI3,C@G[2
M;-N@>(*#1;3S_6\C65M^/S^`M=:,(,7O>1(2G3'R;:9:2.6OX'?[2=7OJ'HS
M`Z[C\E^JV2U*5L'&1-B=/'\UDTZ)3[?STT'@KB+,,#OL0/O*-2M$;_I]F.)C
M.<MK57\%VWL@N2R,S*9*1D):M<R:ZIURW'S+/!*1[!R`J#C+UV5VXY/5MCKM
M/HSNC-Z)$\?I$!5CK>3=]0_<:X6\5V\*:LVV'T*[<UG]D?;ZBS[5Z>;7VRD*
MQ\4+F6LN<_9Q\^"B+)'<D"K)'58G3K5A?:M>.\YTW$W*PF\\HB&\Y&D1)KWH
MO-**%I!65)LH&_)0JE#A\MRLY$N5T:DQZVIUWRD31&W$Q\_'%A\XP`A\#VJ1
MP0OW:34U:-QA_L,EI=5>];2L;=.T<N!N7#1F%NRM253TLAMXD&RPI12E5[\#
M5E3:=)C^3<_W8):[Z:DDZT;=WG)S[N7=B*D89EM+41<:[GI-CBHNH`U)*EDD
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M;M7X]O>3?"X',YN6(F)AN3'_`+00/*@'M6LV2@>)J*FAQ\2Y>=(*I7MI]!8K
M6B5N:1\RYP/Z?')2T.YQS@M?@FWOJ>7B=1A_K\8ZW75\%L,3KQ@8$'%8%<",
MW&C1G'HZ6VDA"0%I2M/`=MVS421Y_L%B,+<'%42JM!4VGU=W7@=##SOZICDV
M'R\E1+B4C_#>XJ'@JXIJC68?6[UK27WQ[_F5;&[FZ=]1F&L?-80Y,02XC'2Q
MH>20/,II:3YA;GI5RYU-4SI;65C9JY7J^#VCM!@PX$1J'"91'BL)"&66P$I2
MD=@`JQM(0452*HD>]"P4`4`4`4`4`4`4`4`4!Q[D(RXF0E15_%'><95XMK*?
M]E41\OO0Y)N/!E&Z%[3_`%#..YZ2B\3%^2-?DJ2L<_\`EH-_$BI6TWWZ_A\\
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M['Q"Q'94E$O-20+H8BH59EO2+`J<6FZ4_N^RDM=#:]0A*\U8AHMLGP6[MW&]
MVIL/;>V&`G'1@91%G9SMEOK\5?9'[J;"K)4,K$P+5A4@M>.\VN7S.,P^/=R&
M3D(C1&1YW%^T\@`.*B>P#C4MF1>O1MQ<I.B1A[3W-%W+ATY6(TMF,XXXVTEV
MP64MK*-1`O:]N50G4\L7)C?ASQV$F_F%@E&7P\\#@\PZP3WM+"Q_\0U#VG-_
MLMO[H2XJGJ_J2R'#DS9C$**CU)4EQ++"/:M9TI_IJ&<W:MN<E%;67W=LV+T]
MZ:LXF`L">\W\I%6."E.N`J??]UU*\;"I>B.VS+D<+%Y(_E2B\=[[=Q*-J=3=
MU[;"&8\CYS'HX?(RB5H`_<7\:/<;=U0M-AS>'UB]9TKS1X,J<'?'3C?L5&.S
MD=N--5P1'F620H_X$@:>/O![JFJ>TZ.WGXN9'EFJ/@_@_P"AF[1Z:/;2W0Y.
MQ4POX>8RIF3%?_BMD'6VI*TC2NQN.(!X]M$J,]</IG^-=<H/[);4Q(_F"@1&
ML]C)K:TB5*CK;?9'Q:65`H<(]AUE/NH]II_V2VE.,M[7;MW&IZ>]5W-I8J3C
M7X)FQUN%^,4N!LH6H`*2JX5Y24WX<N-16AC=,ZQ_CP<&N;@4;IU#8V_M3);P
MS03'DY<N9.786]-@E2VFT@^W45`>U5J1T56;_IT%:M2O3T<_N?AN[>@U6W>E
MC^X\D]NK>>H.Y!?S#6'22G0V;>FA]7Q>5``T#WGLHE7:8]CI7G3=Z_MEKR_,
MJD*##@QD183#<:,T+-LM)"$)'<!PJYOX0C%4BJ(U;N[\$C<D?;B7_6RTA*UJ
M9:&H-)0@KNZKDFX'`<ZBNM#P>7;5Q6ZUF_9XG[O/'_J&TLQ#M=3T1X('[P02
MG^T!1C-M\]F:_P!+.34FZ0?:+U5'S1E:Z"[4^9R$C<LE'Y,.\:#?M>4/S5C[
MJ#I]Y]E2CI_U[#JW=>[1=NVTU.].J6>7O:1-P4];$*%_I8R`=3+J4'SK6V?*
MK6N]CSM:HVF/G]8N+(;MO[8Z=S&S;W6[`Y5C].W9#1&]4:''PGUHB_OH5J4C
MWW'?4\W$V6+UVU=7+=5*^E=O6?6?Z+X/*,IRVSIJ(;RK.QT!?JQ%*!NDH4G4
MI''V7'=4./`MD=$M7/OLOE?L&[>N.7ENG<]G)I1%E?)^N[=0*&Y#*0YP7RMK
M3:_LJSV&QS;?F8TE/1\M?2M3G?:.XGMO;AA9EI!<^74?59O8K;6DI6F_ML>'
M?5>\X;"RG8NJ>VA41EH/5+>>(:CP7&L/@PJ7.=?"=;A64Z&;)*AI4M`[>(O3
M:SI%>AGWHTC]D-77W=N\V_4>+F-XYIG9V'6EJ)"T2\Y,7<MME=_0:('%2M-U
MZ?`\*/5T,KJ5N>3-68.B6LG[D,&T>FFV-LI2Y&8^9R('FR$@!3M^W1]EL?=^
MNK*)EX?3+5A?:JRXL8<GE,=BX+L[(R$18C(NX\X;`?\`M)[`.)J6S-N78PCS
M2=$?N,R,;)8^-D(I)C2VTO,E0*24+%TD@\N%$+=Q3BI+8]3G7K-!^5Z@SE`6
M3+;9D#Q*-"OK;JF\X?KMOER6^-&*F'Q,S,96)BX8O)F.!IL]B;\5+/<A-U'P
MHS68UAW;B@MK+IU)SC6R-D0L%A7%1YCZ4QHCB#9QMIJQ=>N/M'E?VJO4O90[
M+J>0L3'4(:2V+XOMQ%7:?7C)Q-$;<;'ST<6'SK`"7TCVK1P0OW6/C459K</]
MADM+JKWH:INR^FV_XR\AA9"(\Y7%R1$LE04?\>.JWU@'OJ:)[#97,'%S%S0:
MYN*^*,_I?M;<.U$Y'#9'0_`4XF3`F,GRDJ&EQ"D'S(/E2?9SXTBF>W2\2YCJ
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M6I*',C';#S\=)NI"%'2"NW`$GL/&HJ%>BY<B?W(3NN$$R=A/O`7,)]A_P&OT
MS]3E1(U?7;?-C-_VM/X?$YSH<&6SH+M,-1)&YI*/S)-X^/N.323^:X/OK&G\
M/?2/$Z_]>P^6+NO:]$5ZK'2A0!0!0!0!0!0!0!0!0!0'+O4#&/CJ+EX,9LN/
MR9@+#2>:ER0E:0/%2ZH?/NI66\N45M<O?K\2NYR1'Z;],FX45:?U):/EV'!P
M*Y;P)=>]MD>90\`*G8CI[\E@XG*ORV>E[7V[D<]#Z>\\Z@X5NH$@<3PJ0?K,
MA;3J'F'5-/-F[;K:BE23[4J38BJZ%XRE%U6C*3M/KIGL<41LTD9:(+#U@0B4
MD>/PN?BL>^I4C?X?7[D-+JYEQW_7MJ/+^(Z8]26%2(;B6LI:ZW6;,RT'_-;/
MQCO(/<:G1FXE9Q,Y57Y>I^DS]B['B[#Q>5ER7_G7EE3JY#;9U_+,I)0@(&HZ
MOB)`YFB5#UP,".'"3;K\D973/U9F!<W%*3:?N!]R:][4-@^DPU?G9MI"0/?2
M.RIZ].K*#N/\INOP2]"&J5)CQ8SLJ0L-1V$*<><5R2A`NI1\`*L9TI**;>Q'
M+^_=\S]VY=4APJ;QC"B,?$/`)1R]18_Q%CG[.54VZG`=2ZC+(G_H6Q%VZ30E
M1.GV'0I.E;K:GR#_`)SBEI_LJ%6CL.OZ3;Y,:"]/K8N?S`P@YMC'S.V-,"?<
MZVH?TI%1(P?V*%;*?"7P%WH/M/YK)/[DDHNQ!NQ!OR+ZQ^8L?<0;?B[J+:8/
MZ]AUD[KW:+Q[>\6NJVZ_^H=V/>BO5C\=>+#L?*HI/YK@^\L6!]@%1O,#K.9Y
MUYI?C'1=NVX3:DU!^*TVLJUN^H80W;2ZI[IVYH99DB=CT\/D92BM('L;7\:/
MZ.ZH3X&VP^KWK&GY1X,J<+>G3;?\=&/S4=N-.4+(8EV2L*_R)`M]1![JM5/:
M=%;S<7,7+-+FX/X,U#_0%EO/PW8L[UL%ZH5,C/W]8-I\VA*TBRPJVDWL0#VU
M'*8S_7HJZFG]E=4QLW),8RN\L-M!NQC,#]6RK8^$M1R/EFB.12IZRE#]T>VI
M;UH;/)DKEZ%G<ONEZ-B]>WT#K5C9$\ZN=1'-N0D8S&+`S,U!5ZG/Y=GEZEOV
ME'@CWGLXU;-+UCJ7D1Y8_G+V(G/1".]*Z@"2HJ<4Q&?>><42I14YI1=2CQ))
M74):FCZ"G/)YGP;[>LZ(6E*TE*A=*@01[0:N=LT<B_HTQW/*PL5&N6J6J&RC
M]X.%`OW"USW5YGS1X[=[RUMYJ%SWQD(NP>G+&%QJ],R0W\G%6."BI0O(D>/$
MG[Q%6>B.OS[L</%4([6J+XOMO9SZ```!R'*H.'"I!MMO;JW!MZ1ZV(FKC7-W
M&?B97]]M7E/CSJ*&7BYUVPZP96]N];<!EXYQV[(B(OK)T.NZ?5B.`\PM)U*1
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MM5>TYC]EM_?"7%4]7]3-Z"[62A$K=,M(2+*C0"K@`E/\9WCWC1?N51'M^O8=
M$[TO!?%]N\GW4'=*MS;IE9!*B839^7@)[`PV397XU77[ZC::3JF9Y]YM?BM%
MX"W4FN/>%-F092)<)]R+*;XH?944+'O']%10]+5Z5MUBZ,J.U.O.0C:(VY(_
MSC(X?/1P$O`>U;?!"_PV\*59T>'^PM:757O0UY79_3_J*RYEL7,",BL`.3(Z
MKK!``2E]A?L`MR![ZFB9L[V%C9JYXO[N*^*_H*VU.B^;@[UBJRZ6G\/#_P!4
M)+2KH=6V1Z;90KS).HZB"+6'.HHS6X?0YV\A.>L%K7X#_(D,[@W^WC00YC]L
M(3,E#@4JR#UTQTJ_X+>I?WB/94[6;N4E>R.7^-O5_P#4]GJ]XXU8V),NK?4Q
MW!)_0\.L#+O("I$D<?EFU<K?YB^SV#C[*JWN-#UCJODKDA^;]GU-!_+VPZYD
M\[.65+/ILH6XHDE2UJ6LDD\2?+SJ(HP_UQ.4IR?=[2G[\@?/[,S46URN&ZI(
M_>0DK3]::LUH;_/AS6)K_2SF+;F$E9[-0L3%X.S'`DKYZ$?$XL_=0":J?/\`
M$QG>NJ"WLZRQT"+CH$>!$1Z<:*VEEE`[$H%A5SZ1;MJ$5%;$9%"X4`4`4`4`
M4`4`4`4`4`4!,L#@&<UU;SNXUH"H6(6B)&/,*F)92AP_\H7'B1[*HM6:.QCJ
MYF3N[H:+QI3V?(G76#=GZ[NMQAE>K'8G5&CV/E4Y?\YP>*AI'<FC9H>MYGG7
MN5?C#3YF?LSHKG,TVW-RZU8K'K`4ALIO)<2>W0>#8/[W'NI1L]L'H,[BYKGV
MQ]OT*QA>EVQL0E)9Q;<AY/\`?R_SUD^WSW2/<!5E%'26.EX]O9%/QU&-O'8]
MM(0W&:0D<DI0D#Z`*DS5;BMB1AY':NVLB@HG8N+("N96TC5[E6U#Z:BAY7,6
MU/\`*,7Z!,E=#MM#,1,CBY$C')8>2Z]&0M2DJ0DW*$+)#C=^5]1J.4ULNAVE
M-2@W&CV=M2CU8W0!(2+`6'L%`)G5\9->PY[./8<?<>4VAY+*2M09UA3ALGC:
MR>/=59;#6=74WCR4%5G/VU=MS=RYR/B8@-W57DN@<&F4G\QQ7LL.`]IL*KM.
M*PL.5^ZH+T]QU?%C,Q8K,5A.AAA"6FD#L0@!*1]`KT/HT(J*26Q"+UK:<E;3
MC8R.GU)V1R$:/#:[5.$D_0`#>JSV&JZU'FLJ"VRDDC&WE.C=/^FS&(QR],YY
MOY.*X."BXL:GW_$74KQ(H]$>>;<6'BJ$?RI1?%D/V_MO,YZ:(&(BJDO``K(X
M(;3RU.+/!(_I[*@X_&Q+E^5(*I8=N=`L2PA+NX):YK_-4:.2TP#[-7\17]GP
MJ>4ZG&_7K<=;CYG[/G[AY@;!V7!3IC86&G]Y;27%?UG`I7UU-$;>&!8CLA'U
M&1(VAM62@H?P\)Q)X<8[5_ITWI0M+#LRVPCZD*>=Z'[+R*%&$VYBWSR4PHJ;
MOWM.%2?HM4.*-??Z'8G^*Y7W#!L/;$_;F!&.G9%>2>#BU)=65%*$$V0VV%$D
M)"1>U^9-3%4,W!QI6;?+*7,S?F.P7Q(+:2^E)0'=(UA)()3JYVN.529?*JUW
MGW0DY9ZDS94O?>:<E!2%HD*:;2L%)#3/D00#]DA-[]]4WGSSJTY2R)-\:>K0
MJO0C:KV/PTC.RFRA[*:1%2H6(C-W(5_S%&_@`:F/$Z/H&&[=MSEMGL\/J5&K
M'0$FZ9[89F;XW%NM208K$Z5'QA["XIP^JX/NI.D>)JD=6<]TS$3R+E[=S-1^
M?J]Y/.J.[!N+=<AYI>K'0;Q81OY2E!\[GXU_5:E30]7S//O.GXQT1E;0Z1;G
MW"A$IX#%XU=BF1(22XM/M;:X$CO40*:L]<+HEV\N:7VQ[;BH8CH=LB$E)F(>
MR3P^)3[A2@GN0UH'TWJ>4Z&ST+'AM3D^_P"AO4]--@I1H&"B6Y<47/TGC4\J
M,M=-Q_[$:O)=%]@S4$-PEP7.QR*ZM-OPJ*T?54<J,>[T7&G_`!IX,U.UNE>X
MMK[HCOXW.*5M]14N;&(TK79)TH4WYFU7/VQ8BH46F>&)TJY8NIPG_M[T4F;!
MASHKD6:PW)C.BSC+J0M"AWI-Q5S=SA&2I)51ZMH0VA+:`$H0`E*1R`'`"A*5
M"7?S`91^/MN!CT$I:GR;OJ%[%+*=803WK(/NJLC0?L-UJRHK^3]W;V$GV'ME
M[<>Z86/2@JC)6'YR^Q+#9!5?[WP#O-0<UTW$=^\H[M_@=5<N`JY]%)9UNQ3^
M9F;7Q$3_`/.S93R&SSTHT)]19'L0/,:I+<:#K=AW7;@OR;?PJ>O5/,1-H[&B
M[:Q7Y3LQOY1D`^9$9``><-NU5]-_:HFI?`GJU^.-CJW#:U3T;R(8?"97,S4P
M<5%7+DJ_NVQP2/VEJ-DH3WDU!R%C&N7I<L%5E5V__+\XM"'=P9$MDV)B0P"1
MW%U8/U)J:,Z3&_7%MN2]"^?T'&'T8Z>QT@+QZI*OVWWG5'Z$J2/JIRHVD.BX
MT?XU]+"7T9Z>R$D)QRHROVV7G4D>XJ4/JIRH3Z+C2_C3TL5<GT-R.-?_`%':
M.9=8EM7+;3YT+X<=(>;`^A2;>VH<37W.A2MOFL3:??\`-%.VRSG&<#";SKR9
M&6#8,QQ"4I&L\=/E\ITCRW'/G5D;[&5Q6UYCK/>>T'"XJ#,F3(<9#$G(*2Y-
M<0+%U:`0%*'*_$TH7A9A%N25'+:9;SJ&FENK-D-I*E'N`N:DNW15.0<ME7\K
MDY>4DJU.S'5OK5V`*-P/!*;`51<3YED797+CD]K9T)T8VV]AMGH?DH+<O*+,
MM:%"RDMD!+23^`:O?4Q.WZ+BNU85=LM?E\_2.>2#9QTH.?PRRYKORTZ3>K&T
MN4Y77@2OH%M,,8Y[<TE'YDL&/C[]C"#YUC[ZQ;P3WU2'$Y_H&'RQ=U[9:+P*
M[5SHPH`H`H`H`H`H`H`H`H`H`H">;GG-=/.FXBQG=64?!9:?)\SDM^ZWY!)X
M\+J7Q[A5=B--EW%AXM$_O>GI>U]NY&DZ/],&68[&Y,VSKDN`.8R(X+AM!XI>
M6#S<5S3^R.//E"1B=&Z6HKS;B^Y[%P[_`)=J5U:T-H4M:@A"`5*4HV``XDDF
MKG1MT$3(=6\6J8O'[:@2=R3D<%B&G\A)_>>((]X%N^J<_`U=SJL:\MI.Y+NV
M>L\TYOK/('J,[>QL1!XAN1)4M?O]-0%*R*^=FO50BO%_)GPYO7J5B@7,WM(2
M8J1=;V,>#I2!S/IG4JG,^`>9DV_SMU7^E_#4><7D$Y'&QIZ&76$2FTNI9?3H
M=2%"X"TW-C5T;2U/GBI4I7B95"X4`@[XZBSMG;AB-S(8F8.>UJ0MKROM.MJL
MX!<Z5BRDFW#QJK=&:C.ZD\:XN95MR7I[_@;S:>>V9F2_.P"X_P`U(LJ:E"$M
M2"0.'K)L%FU^9X5*:,O%OV+M96Z5>WCZ1@==;::6ZXK2VVDJ6H\@`+DU)EMT
M56(6U<@G>NZWMRI2?T'"ZX>#U"WJON`?,2;'B/)9";]A/;>J+5U-5BW/\FZ[
MG\(:1\=[[>\0-Q#(=3.HR\?CG-.*Q]V1*^)#;*%6=>]A4XO@@=MAV7IM9I<E
M2S\KEC^$=_Q]/R+7MW;>(V]C&\=BV`TPCBM1XK<7VK<5]I1_^[A5DJ'4X^-"
MS#E@J(^-Q;LV]MV+\QF)K<9*OX;9.IQ9'8A";J5]%&TB,C*MV56;H*:>I^>R
M0U[<VC.G1S\$N24Q6U=XU!5_IJO-W&!_R=R?_JM2DN+T/T[TZFQ[+E[)4XUS
M(C2VUKM]T!535\!_FY2VV=/^I?4W6T]^PMQ2I$#Y"9CLE$0'),66T4:03I%E
M\C<T4JF5BYT;S<:2C);FAGJQFA0&KW/D<AC,!-R,!E$F3#;+XCN$@+0WYG$W
M'$'0#;OJ&>&3<E"VY157'7Y^P3<7O/IKOT1X^4C,HR"%)4S$G)2%:AQLT[R6
M/W;\>T56J9K;.;BY=%)+FX2[=N!1DI2E(2D`)`L`.``%7-R*._\`>"L3&:P^
M*4EW<^7(CXR.#<MEPZ?F'/8AOGQYD>-JR?K-?G9?EKDC_P"R>B^?;YFCWYD(
MNPNG#&$QSFF7(;^3C.<EFXU29![_`#$W_:4*/1&)U"ZL3&4(_D]%\7VWLU'2
M?I0PAAC<&X&-;JP',=CW!Y6T\TNNI/-9YI2?A\>4)&+T?I"25VXON>Q?'M_2
MPU<Z43\WU7V=BY)AHD+R4\&WRF/09"[^PE/D_M55S1KKW5+,'2O-+A'7Z&O'
M4W<C@"XVQ\JXR>(6O2V2/ND&HYGP/'_DKCV6IT[=Q^M=9,)'>2QG\;D,"XHV
M"YC"O2_K)N?JIS\28]7@G2Y&4/%=O</K;B'&TN(-T+`4D^T$7%7-JG4^J$A0
M"+F>H6V6,]-VMNJ,EAGR%F0\D.Q7FG$W25W'D(-T\1:XYU5RW,U5[J%I7'9N
MJGCJF;_:NVMKX6(XK;[#3<>8KU5/-K+H7^S9PE5TI^R+V%2DD9>+C6K4?]M*
MDC;R9,>+'<DR74LQVDE;KKA"4I2.)))X"I,B4E%5>B$G9\A&Y<]-WL\G1C&$
M*Q^!]0:?R$*O(DF_+U%C2/8E-46KJ:W$EYTW??XK[8^&]]O`F,J-E.J/4&2J
M$HMXQFS:92@2EB(@D)5;M6ZK4I*>_P!@J-ISTX2ZADNGX+?P7U+GMO:^&VYC
MDP,4P&FA8NN'BXZO]MQ?VC_V%72H=;C8L+,>6"HCWR^<P^&BF5E)C4-@<ENJ
M";GV)'-1[A1NA>[>A;59-)"<YUHVTZM2,5!R67L;:XD52D'WJ*3]55YT:Y]8
MM/\`!3GX(_#UFP[!_P#,\-E\<W_BOQ3H'B0;_54\Y'_,07Y0G'Q0V;?W1@-P
MQ52<--1+:;(#NBX4@D7`6E0"DGQ%2FGL-A8R;=U5@ZFTJ3W"@-)N[=,;;..;
MR4R.X_!+R&9*V;*4TERX2LI-M2=5@;<>-0W0Q<O*5B/-)?;77N%V#LWI;NB:
MQN#&M,2"TOU'6HZM#2U]GKL<.(/&Q`OVWJ*)F'##Q+\E<BD_#XH?:L;83>H.
M96\F/L_&.?\`G6?NRHIXF/#-_F'U>S\L*"?:?"JR>XUV?>K2S'\Y^Q;WZAJQ
M\"+CX$>!$0&XL5M+++8[$(&D#Z!5D9UN"A%16Q&10N%`%`%`%`%`%`%`%`%`
M%`%`*&Y]BX;=^4QF2>G*=CXQQ27(;:D.1W-*KK0JWPJU)`5QY"UJJU4UV5@V
M\B49-U4=V[MQ&U:VVVU+6H(;0"5*)```%R23R`JQL&Z$N6K)]3\H\TT\Y"V'
M!<]-:VR4N9!U!X@'L;'_`&X_#Y_EX&CK/-FTGRV(_P#R^G;;L8I>[>GNR'8^
M!*V\>=*5>@PVI26TJX!;RD@VO[5<>VK52,R>7C8K5O2/;>:3JMU+R^VI&.B8
M=ME1F-*D*ENI+B"@*`"6P"D'VDWY6HV8?5^J3Q^506W6HY;+S[VX-KX_,/,B
M.[+;*G&DW*0I*B@E-^.E6FX[JE.J-IAWW>M1FU1LW(4DD@$$IX*`[.WC4F2?
MM`%`3[KA@_U#9:YJ$W?Q3J9(/;Z9_+='T*U>ZJR--UW'\S';6V.ISU'D2(SZ
M)$9U;$AHW;>:44+2>Y2;$5%#AH7)0=8NC*IL3K/N/YV)B,K&.6^9<0PP^W9$
MD%9`&H<$+`[3P-*M'3=.ZY<<E":YJ[]Y8\CCD2,9*QT5[]/<EMN)2\RE(6E3
MGQ.)3R*KJO>K-'3W+=8N*?+4TW3W8T;:&%5"2XF1,?<+DJ4$Z==C9M(!)("4
M=E^=_;2*H8O3\%8\.7:WM9Y[^WHY@&(T#&,?/;CRBO2QD(<>/(NN>Q"?K\+D
M1*5",[,=I*,5S7);%\35X78N)P;3VZ-YRT9+-!/JR\A+-V&/8AE"O*+<AP^Z
M!RJ%&FK/&SA0M+S;SYI[V]B\.W@;\;[V](VYD,]C)*<C%QS;CCR&KA=T)U:2
ME0"DW]I%6YD97^=;=J5R#YE%"ITVZM3MT9M[%3X+<=9:4_&=CJ4H!*"`I#FK
M[W!0^BH3-=TSJ[R)N#C0IEA>_;[:L;T*`*`_%H0XA2%@*0L%*DGD0>!%"&JG
M)&YL,K#;@R.)6.$-];;=^UN^IL^]!!JA\US+#M790X,8=J=5]V;>T,E[]1QZ
M>'RDHE12/8V[Q6GWW'=389V'UJ]9T?W1X/YERVEFL)N^%&W&WCBS)CK6RR[(
M;3ZJ%`:7/2<%[H\Q%QWU9.IU^)>MY,5=4=5Q6OH9J=Q=.9>>WY`S61E-OX.$
M@:<<4D*"T>8#M2M*W/,J]N`":AQU,?(Z<[V1&Y)UA'=V[_D/+CC;3:G'%!#:
M`5+6H@)"0+DDGD!5C:MI*K)@Y+SG4N<]&Q\AW%['C++3TQOROSU)^)+9/PM_
M]C<\!Y_EX&D<[F9)J+Y;*W[Y=OZ\$V82)L/;,EK`XU4.%D'`+1]:/F7+BX*B
MHZU$\^/NJRHM#/LQQ[+\N/*I>WYB]OKK%'VQGAB&\<J:MI"')CGJ!O2'!J"4
M#2K4K3QXV%'(PL_K,<>YR<M>(]QW8&7Q<>3Z:7X<QIM]M#J004K2%INDW%^-
M6-M%QN03VQDJF70]`H`H"-_S!X/AB\ZVGD50I"NXW<:^L+^FJLY?]DQ](W%X
M?%?$F6V]X;CVV]ZF)F*9;)NY%5YV%_>;/#WBQJ*<#08O4+MA_8].&XL>T^K&
M#W:4;?SN.].7.NUZ03Z\5[@5$<05(Y7\PMWU-=S.IPNL6\G_`&YQ^Y^E,9]U
M;;GN;)D8#;'HPB61'90HJ2D,_;;2H7(*T^6Y]M&M-#896-)V';M4CI3T'WT^
MV@QM;;;$"R3-<`>R#J?MO*'$`_LH^%/<*E*@Z?AK'M*/\M_B8V^M\+P?RV*Q
M4?\`4-S9+RX^".0'(NN\19`L?&WL!(B3H5SLWRJ0@N:[+8OBS58GIO`:6=P;
MZF(R^7-ENKE*"8<>YX);0K2BPY<1;NJ%'>SPM=/BO]R^^>??^*[=D,N?W-A-
MM;;7EU!*X#82([<720XI9LA+=K)X^VK-T,W(R;=FUS_Q[C`V%U#QF\H\H,QE
MQ),0I#\9TA8*'+Z5)4.!!TD'A1.IX=/ZC#)3HJ-#'"QF-@>M\E%:B^NOU'O1
M0E&M=@-2M(%S85)G0M1A7E253)H7"@-5NO"IS>V\CBE<Y;"T-GV.`:FS[E@&
MH:,?+L^;:E#BOZ'*>/R&3Q<L2H4AV%-;.DN-**%`C@4FW,=QJA\YMWIVI5BV
MF57:?7J2UHC;GC^NCE^H14@+'>XSR/BCZ*FK.DP_V'==7I7R*9@<5M*;D%;Q
MQ"$NR<FSZ9FI*[+0%`?"KD?(`>'95DEM-_8M692\Z&V2V]O`8*DRPH`H`H`H
M`H`H`H`H`H`H`H`H#DG#;DSN"FJE8F:Y%=4HEP)-T.&]_P`Q"KI5[Q5*'S6Q
MFW;,JPE0K6V.NN,FMB#NF*(Q<&A<MI)<CK!%CZC9U*2#V_$*GFXG38G7[<UR
MW53W%-P(P:<3'1@_0_2TI_TPBE):`)U'3IX<S4HW]CDY%R4Y>X1M\]&V-S;A
M.7;R*H?S"4(FM%OU"?3`0%-G4G2=(`XW]M0XU-3G=%C?N^9S4XF)N_?FP,9D
M(^U<IB%92)BPTTX^M#;B6+(`%@KS*(1;5;ZZAL\\OJ&-;DK,X\RC3T%$FY+&
M8G".Y!92UCH;!=&@`)#:$W2$`6'+@D58W4[D;<.;^*1,.C.])>7W)GV9ZOS\
MDH9!E!/!.BS2FT_=1Z8'A58F@Z+GN[=FI?R^[M[/45J1(8C,.2)#B6F&4E;K
MJR$I2E(N5*)X``5<Z.4E%5>B0IL]6-E2,W$P\.6J7(F.!E#K2#Z*5D&P+BM(
M-SP&F]5YD:Y=6L.XH)U;-/UMS^X<1A(Z<>6AC\@78D]2V]:AK1Y4@DZ0%)"^
MRDC%Z[D7+5I<M.654^WK.?0+"U#ARM=!=J?,3I&Y9*/RHNJ-`OVNJ'YJQ]U)
MTCQ/LHCI_P!>PZMW7NT7;MM%SJ;O:5E]YKD8Z2MF-B28^/>964'4D_FNI4D_
M;6+>`%1M,+JW4)3OU@Z*&B^?;<;S:?7;,0M$;<+/ZC&%A\VT`B0D<KJ3P0Y_
M9-*M&7A_L,HZ75S+CO*CM^9L;<>23N/%*8E95MGT%/<0^VV3?2IM5BGQM[ZE
M4>IT6/<L7I>9"CE3T^H]M][5_P"J-MR,2'_EG5J0ZR[;4D.-JU)"TBUTGD:E
MJI.=B^?:<*T$W;6W,?TPV_E,GN26F6)ZFV%1V$%:%`!02VE*[:U*UJO>PM4;
M-IK,7%A@6I2N.O-]3=],7.G\R++R&U<>(+Q4&IK:TD/(^TE/%2P$'F-)M2--
MQE],ECS3G95./$6^KW4%>+W!A\;"6?\`RY]K(9())%P#Y&3;VH*E$?=J),P.
ML=1\NY"$?XM2?R[=Q6676WFD/-*"VW$A:%#D4J%P:N=$FFJHU>;W;MK!IOE<
MBQ%5S#2E7</@VFZS]%0V>%_+M6OSDEVX'UC<]'S6WQEL(1(2^VXJ('06PIQ!
M4D)6#YD^=-C1,6[ZNV^>WK6M#E_=.Y)^X\R[E<@RTQ+6E+;C;*2E(].X`.HJ
M)4.5ZJCY]G94K]QRDDF8F)Q<O*Y.+C(:=4J8XEIKV`J/%1[DBZCW49Y8]EW9
MJ"VLO'43*Q-D=/F,'C%>G)DM?(PR."@@)_/>/?8\_P!I0J7HJ'9]2O1Q,90C
MM:HOB^V]DPVEU9W5MX-QU._J6.18"+)42I*1V-N\5)\#<5"T.>P^MWK.C^Z/
M?\RM8S?>R-]XM["R7EQ'IK?I/0'EEEU5^QIQ)LO\)\14U3T.FL]0Q\N/)6C>
MYZ#GC,;"QF/CX^$V&8D5"6F6QV)2/K)YD]M6-G:MQA%1CL1(LWT9W%.WX]E&
MIC0QLJ6)BI14H/M#4%E`1;BI-K).JUK51QU.<O\`1;D\CG4OM;KW]N!N=QN=
M(=Q[R:QV47ZF::6(JEH+K;3BTG@PXXFR5$'AS[K]E'1LRLB6%>OJ,_S6GT[>
M`]YO*P-O8"3D'DAN'`9NEI/E'E&E#:?O&R15FZ&UO78V;;D_QBNR%'HWNV9N
M#!SAD'?4R$:6XITG_#D$NH`[DDJ2.X5$37=&S'?MOF_)/W]F4!2@D%2C9(XD
MGD!5C<&JB[KVW+ROZ3%R+$C(A"G#':6%D)38*N4W`M?E>]15'A'*MRER*2<B
M;]==U28\=.VU8]"XTYI$A$]:S=*FW.(0@#@I-AQ)Y&HEP-%U_+<8^5RZ2WD2
MH<>67H+M0!,G=$I%@=47'ZOV1_&='O&@'N51'6?KV'1.Z_!?'Y>L7-Q]6]QG
M>4O(X2<I&-:(CQHRO.PXTT2-:D'M6HDW%C:W&HU,'*ZU=5]RMO[5I3<^WK'O
M:?7/`Y'1'SJ/TJ8>'K7*XRC]_FC\7#OJ>;B;C#Z]:N:3^R7L[=JC?BMK8-G<
M$W=$=Q4J=DT(2'UN!U"&TBVE@CX4JL+\3RJ4M:FTM8T%<=U:REVT-!U?V?G=
MS82(SB"EQR*^778:UA`=!24@@GRZD=EZB2J876,.Y?MI0VI[#3XC;N'VUTU<
MPV_Y3;$>=(4MMA*U*4T3I*4M%L*)4E2-9TBPO44HM3'L8T+&+R9+TD_5VVC5
MT[VOM+#8E4K;CRIC&0LM4Y:PXIP(N$IX!(2$F_"W/G5HHS^G8MFU"MK52WFD
MS?48,=4\3M]EVT!O5'R%CP5)DI'I)/\`P[)]ZNZHKJ8M_J2CEQM)Z;'XO9\/
M:4:K&Z,7(Y7&8V.9&0E-1&$@DN/+2VGAQYJ(J&RERY&"K)I(P]Q;@;Q&W)6<
M:85.9C-!\--*`*VS;S!1X6"3J\*-T1Y9&0K=MW$N9)5.6,U/:R.7FY!J.(K<
MMY;XC)5J"/4.H@*L+\3[*JCYSDW5<N.25*L]MM8&3G\["Q$>X7+<"5N#[#0\
MSB_PI!]]&7P\9WKJ@MYUA!A1H,)B%%0&XT9M+3+8Y!"!I2/H%7/I$(*$5%;$
M>]"X4`4`4`4`4`4`4`4`4`4`4`4!Q_!QN0R4T0\?&<EREGRLLI*E>)MR'>>%
M4J?,+5B=R5(*K*KM/H+(<T2=SR?21S_3XJ@5'N<>Y#P1]-31G2X?Z]ONOT+Y
MFBWN]D-B;\?;VRZK&1'&6'FXK=RRH%.E6MM6I*KJ03<\:BE'H8G4+D\/(_VG
MRQ:6FX;]I]><=)T1MR,?(O'A\\R"M@GVJ1Q6CZQ4\W$V6'^P0GI=7*^.XW^4
MZ9['W7E6]Q^JMY+^E3PBNI+$C0``56"CR`!TD7IRIF;=Z9CY$U=V^#T?;N%S
MK[G)<;&P<%'9<;A2"'I4D)(9(;-FV`KX;ZAJ([A23,']AORC!6XIT>U[O#MW
M$=Q>5R6*FIG8V0J++0E24/(MJ`6-*N8(XBH.4L7YVI<T'1G0W2S-G<VQ`SDG
M%2I#1=@SE.'4MP'B"HG]IM8J8[#N>E7_`/(Q_NU>J?;P.?<C#F8'.R(B5%,O
M%R2EM?[S*[MJ]]@:J<5=A*Q>:WQD=#[NCL[QZ9O/Q4A:Y,1$Z(!Q(=;`="1W
M\"BK/5'<9D5DXK:WQJO?]#G#'0962FQH,-.N3,<2TPG]Y9L+]PYGNJ*G!VK,
MKDU!;6R_;UR,78'3EC$XY>F8ZW\E"4."BM0N\^>\7*OO$5+T1VN==CAXJA';
M2B^+[;SGK@E/L`J#A=HT;4Z;[JW*4N1(WR\!7.?)NANW[@^)S\(MWT-GA])O
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MQBXQAQ&2E*0A;:0IHE0&I2BE!3Q-%M.@Z-U.Y*[&W-_;RT7P^1]_S`8%+.5Q
MV<:0`);9BR5`<W&O,V3XH41[JE[2?V/'I*-Q;]'V[;#;?R^YSU,?DL&XKS1G
M!*C@_P"&]Y5@>"TW_%2)D_KF16$K;W:]NV\GG5'!_H^^,DRE.EB4H3(_"PTO
MW4H#P<U"HWFCZQC^5D2X/7UCQT$VH"J5NB4C@G5%Q^K_`,9P?[@/WJE&W_7L
M/1W7X+X]O$1^IFZ_^I-UR9+2]6/BWBP+<BV@^9P?\1=SX6J#4=7S//O-K\5H
MA9BQ)4R2B+$97(DNFS;#22M:CW)3<TJ:ZW:E-TBJLJ&TNA&3F>G*W(]\C'N%
M?(LD*?4.?F7Q2W[KGPI2IT>%^OR?W773N6TP8_4K=6S=P9##K<.3Q<&4ZPW&
ME**G$M(60C0^;K^"WQ7%%5'DNK7<6[*#^Z";V_,JVT^I^U-R:&6)'RF05S@R
M;(<)_<-]*_PF_=5E(Z+$ZI9O_BZ2X,7AT/@C=_ZU^HK_`$_YGYWY'T_/ZFOU
M-'JZO@U?NWMP[ZCE,+_@H>?YG-I6M/J+_7K=OK3(^V(R_)'TRLA;M<4/R6S]
MU/G/B*-ZT,+]AS-5:7B^W;:3[:^\<YM=V6]B%MI=EM!I9=3K2-)U)4$W`U#C
MS]M1X&CPL^YCMN&\OTQ*-\=,%*1Q>R4(.(">%I+8U:>'L>1:IVH[6?\`_5B]
M\H^U?4Y_V5FS@MTXO)GR-L/I3('+\IS\MT>Y*B:J<5@7_)OQD]SU\-_L+/UW
MP?SNTV<HVG4[BW@M2A_@O6;7_:T'W5:1U77\?GL\RVQ?L?9$,PN(F9G+1,5#
M%Y,QP-(/,)!XJ6>Y"05'PJ&<?C6)7;B@MK+GU-S$79VPX^W\6?2?EM_)1K?$
MEE*;/.FW:0;7_:5>I?`['JE^.+C*W#:U1>&]]N)S^``+#D*'#F[VULS<>Y7M
M&)AJ=:!LY+7Y&$>+AY^";FHKP,W$Z?=OO[5IQW#UF,/N;I9B\;-QN77(7*?4
MW-B*3>%?1J2$MGC?@?,"#44:-W?M7>GPC*,ZU>JW#5M3KEM_):(V;1^DS#8>
MJ3JC*/W^:/Q<.^K<W$S\/KUJYI/[)>SMVJ;'J5L%6]86/>Q\YME^(5J96NZV
M7&W@G5Q1?CY!8BC53WZGT[_*C%Q=&O5J$&-%Z9=.WC(D"4]'UNW/E2[*>/D;
M0DF^G58>%S38B81C@XSJZT]_;YG.SDV8[.5/==*IJWOF%O\`VBZ5:]7];C44
M.$E>DY\]?NK4OO2[J9/W9D<C#R++,=UEMMZ(VR%<6[Z'-143<A13]-2F=KTK
MJKR924DE39\?@3#K'B'H&^I:G%+<8FI3+C%Q178+\JTIO>P"TG@*AK4Y_KEN
M4,A\'JNWC4K?2K),[@Z=LPY7YICH<QLM)/$H2G2GZ6E)J8[#I>DW5>QDGN^U
M]O`YYRN->Q>4F8U_^+">6PL^WTU$`^\<:A'#Y%IV[CB]S+1T&VI\MC7]R24?
MGSKLPK\Q'0KS*'_$6/H2/;4QXG5_K^'R0=U[9;/#M[BL58Z,*`*`*`*`*`*`
M*`*`*`*`*`*`*`UV$V]A<'$^5Q4-N(SS5H'F4?:M1NI1[R:A*AXV,>%I4@J(
MV"7$**@E044'2L`WL;7L?IJ3U3(?_,+!*,OAYX'!YAU@GO:6%C_XAJKVG)?L
MMO[H2XJGJ_J2:AS)?>E>)C[0V%*W#E"6E34?.O()(TL(2?12$GAK6#?OU`=E
M%HJG;])LK&QG<GOU]&XPMO\`7#`99I4#=4%$1#UTJ<T^O%4DG@'$D%2?H(\*
MCFXGEC==M7?MNJE?2C]W!T5VYF8WZEM*8B*71J;:"O6B+^ZH%2D>ZX[JGEX#
M*Z':O+FM.E?2C$Z20=P;4W7+P.;B+C-Y-K7&=^-EQZ/Q\C@\INVHFW/ARJ$]
M3SZ/:NXUUV[BHI;.%5]*FCZ[X/Y+=;.40FS.49!6;</68LA7TH**E[3!_8<?
MENJ:_DO:NR&KHGO+&)VR[A\C,:COXYQ:F0^M+8,=SSW!41?2LJ!]G"B9LNA9
ML/)Y)-)QX\#$Z/[3Q[NY,QN6,/4Q<:2_%P:R+:@I1UN"]N`00A/B:B)7H^%'
MS9W5^*;4>WA[S2;JB[@ZE;VD(PK>O$8PF&U,<)3'1I/YKA5QU%:N03<Z0*5J
MS#S+5W.OM0_".E=W;X4'S:/1G;.$].3/3^K9%-E>H^D>BA0_PVN(]ZKFI43<
M8?1;-G5_=+O^10`$I``L`.`%6-P+_4#'_/[)S44"ZE1'5H'[S:?43]::AK0P
M^H6^>Q-?Z7[-3E4&X!]M5/F['/I)MZ5F-YQ5M+<9CX__`%4MYI10=*3Y&M0M
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M>G;C%_>]/1]#;=1\G&V;L*-M[$73*FH$"$A`NYHM^<Y8<2HA5N'VE5+T1D=2
MNK&QU;AME]J^+[;V)>SNAN9R(;E9Y9Q<(V(BIL9*A[#>Z6O?<]U0DS4X70)S
M^Z[]JX;_`*=M"R[=VGM_;L;T,3#1'N+./6U.K^^X;J5]-62H=3CXENRJ05#;
MU)D'-/6&"(G4'(E(LB4EF0G\382K^T@U3><%URWRY+[Z/V"6;`7/9Q^CV49J
M56NATCA)LK9731O(;AD/2Y;+7K+:=7J<"W;!J,A2N/EN$\;VXGE4K1'?69O&
MQ>:ZVVEO]B,&/F.F/4AA$:8TAK*D60R]9F6@_P"4ZGXQW`GO%-&>4;V)G*C_
M`"]3]';T"/NSH=G\:5R,&O\`588X^@;(E)'AP2Y[K'NJ*-&GS/U^<-;?W+AO
M[=J#7T%R[IQ>2V_*"FI6->]5#+@*5I;?Y@I58C2XD_34Q9LN@77Y<K<M'%^_
MM[27=2<$,-O3*0TITQW7/F8X'+TY'GL/NJ*D^ZHIN.=ZK8\K(DEL>J]);MH3
MX>[.F"&IKJ?/$<@SUJ(\BVDELK43RX`+J5JCK<.Y'(Q$F_X\K[>T4N@FU0AJ
M5NB6`=6J+CUGEH2?SG1?]I0T@]QJ(\37?K^'RIW7X+X_+UBIN5>>ZC[VE+PD
M9<J)'/RT1?PLMLH)\ZUG@GU%75[;6J*U9K<M7<Z^_+58K1<*#_M/H7A8&B3G
MW!E)8X_+)NF,D^'Q.?BX=U6Y>)N</H-NWK<^Z7L*:PPPPRAEAM+3+8TH;0`E
M*0.P`<!5C?1BDJ+8(?7""9.PGW@+F'(8?\!J],_4Y59&HZ[;YL9O^UI_#XG.
ME#@RG="AN-_<+C<68ZU@X;9<G1_B:6I=TMH2E5PA1-U73;@*A;3H_P!?=V5Q
MT;\M;>W;84;.;\V`_F96U,Z6R$:$N+DH"HI<6+Z-?'0M(/,VM[;U+:V&^O9^
M.[CLW/;L%+<_0F)(;,W:DL)2L:T0GU:VE`\?RGA=0[M5_&E.!K,O]?C)<UET
M[MWK[>(E;1_5]E]0,8<Q&<@ZW?EGPZ+)4T_^65)4/*M*5$*ND]E5KJ:K!C<Q
M,F/.J5T*'U_P?KX2#FFTW<@/>B\1_A/\`3X.)3]-6D;G]BQ^:TIK^+]C[>T7
M>@.<^6S\[#.*LWD&0\R#_BL<P/%M1/X:+:8/ZYD4G*V_Y+W'IU,V4O*=4X,&
M$H)5FVD/22GFTEJZ'72/^&@6]JJA[3TZI@>9EQ4?Y[>WH+;"AQH4-B'%0&XT
M9M+3+8Y)0@:4CZ!5SJH048J*V(]J%@H`H`H`H`H`H`H`H`H#X88;8:#38(0F
MY%R5'B;GBHD\S0'W0!0!0$IZJ]5W<4Z[@,`X/U$"TV<+'T+C^&WV>I;F?L^/
M*K>XY[J_5_*_V[?Y[WP^O;PVG0Q+QV0I]Y2EN29LAU3BR5*620DJ4H\224]M
M([#(Z%5V*O:Y-F#_`#`0?5VO!F#XHLQ*3]UU"DGZP*2/']BMULI\)$IZ?;65
MN;=,7'J23";/S$]78&&R+I_&JR/?4;=#F^EX?GWDG^*U?@4'KUNE*$1=K1%`
M`A,F>$\`$I_@M<.\:[=R:E\#=_L.91*S'Q?P7;N(U0Y,VNW]T[@V](]?$35Q
MKF[C/Q,K^^VKRGQYU%#+Q<Z[8=8,L&U.NV(FZ(VXV!CY'"TQNZXY/M(XK;^L
M=]3S<3J,/K]N>EQ<KX[OH;?J+L=S?./A2L5E&@F*%KC(L%QW2Y8%7J(NH&R;
M#F.ZC53)ZE@?Y<$X2V;.#])$)^Q-TPLS%PTS'K:ES'4LQ5D:F5J4;:DN"Z2`
M.)[0*JSDY]-O0N*#6LG3N+QF(R=O[7Q6S\*X6IV3(QT1X?&A!25RY5K\T-ZE
M_>(JST5#L;L?)M1LP_*7VK_REVWC3A\/CL-C(^-QS(8AQD!#3:>[F2>U1YD]
MIJ4J&?:M1MQ48JB1B[HW-C-MX=[*9%9#3?E;;3Q6ZXKX6T#M4?\`[>5&Z'GE
M9,+$'.6PC^S]Z9[=_5'%O3G/3AL?,.1X#9/I-)#*P"?VU\>*C[K"JK:<SA=0
MN9.7%O\`%5T]#+F^RAYEQE8NAQ)0H=RA8U<ZV2JJ,X\DL&+(?CKX&.XMI7_+
M44G^BJ+8?+[D'&31?MD8^+L'IP_FLDC3,D-_.2D'@HJ4+1X_CQ`^\34K1';8
M-J.'BN<MM*OX+MO9!9\Z5D)TB?+7KE2W%//K]JUFYMW#D*A'%7KKN3<GM9\P
MYDR#*1*A/N1I3?P/LJ*%CWBE!:NR@ZQ=&5+:?7C(Q=$;<D?YUD6'SS`"7@/:
MMO@E?X;>%*LZ/#_86M+JKWHJF+S&"W#@GF]N3F0A;2FT%M`)84L$`K8.@BQ-
M[&UZLG4Z*U>MWK;\J2V>KT'/^ZNE^Z]MA3CT?YW'H_\`KHH*TA/M<1\:/>+=
M]5V'&9O2+UG6G-'BAXZ![32!)W3)2+$*BXXGV#^,X/?Y!^*D>)M_U[#HG=EX
M+XOX>L<]JPXVX<S(WI)2'FRI<3;R5<0W$944*?2#R6^X%*OST6J4JNIM<6*O
M3=Y^$?!;_2Z^@<ZL;(DG4_J^N`^]@]N+'SC=T3<CP4&E=K;785CM5R3X\JMG
M.=5ZSY;=NU^6]\!YZ=JD*V/A7)#BW7W(J''''%%2U%?FNI2KDDWJ8[#;]/;=
MB#>UHEG\P<+T\_BIH%A(BK9)]I9<U?T.U#VG.?LENDXRXJGJ_J:#I'M/]?W6
MTZ^C5CL7IDR;CRJ6#^2W[U#4>Y)J-K,+HF'YUZK_`!AK\NWB;WKONOYW+L;>
MC+O&QUGIECP5(6GRI/\`PT'Z5=U2]IF?L.9S25I;([?$EGL/:.(/L-0<VG0>
M]J=8=U8+0Q*7^K8]-AZ,A1]5*1^P]Q5[E7IJC=X?7+MK27WQ[]OK*]M3?>Q]
MRS42HBFX^<+9:+,A*6Y.@D$H2KDXFX^R34IHZ?$S\>^^:.D^_;]13ZR;"W5F
M\FUF,:PW+C1HX9^6:-I'!16565P7Q5P"3?NHZFMZWTZ[>DIP5:*E-Y)L)B\Q
MD<PUM^*IZ/(G.I8?8)6BP'%2G6^%PA(*N(JNTYO&LW97%:55S/4Z#W)$1$P^
M+V/A5&,YDT_*!Q/Q,P64@RGN5M12=`OS4NK/@=MD0Y81L0TYM/"*VOMQ&;"X
M3%X7&LX[&1TQHC`LAM/:>U2CS4H]I-2E0S;-F-N*C%42/#<NY<5MS$NY/)N:
M&$>5"$\5N+/PMMI[5'_[3PHW0IDY,+,'.;T)[TWW_GMV[YFJDGY?%L0UJCP$
M&Z4$NH"5+5S6NU^/+V"H3=33=,ZE<R<AUT@H[/2AYWW`_4-FYJ):ZEQ'2@?O
M(25I^M-2UH;;/AS6)K_2SE$&Z01QOR`Y\:K4^;TUH=#8./'Z;],G)LM`_4EH
M^8?;/-<MX!+3/MLCRI/@34[$=S8BL'$J_P`MOI>Q=N]G/TB0_)D.R9*R[(?6
MIU]P\U+62I1/B34(X>Y-RDY/:S=[7WSN;;+@.+ED1KW7"=NXPKV^0GR^*2*4
MX&;B=2O6']KTX/85C$=5]D[JB#%;IB-PW';!29-G(JE<KI=L"V?9JM;VU->)
MTUCJ^/D1Y+JIX[/7V\1QWOB9F:V9.QN*2T^]+92ACUED((N#J"P%75873WU+
MV&SS;+NV7&%&VCF?(8S.[?R*6IK#^-GM*U-*-T*N/M-N)-CXI-5.`N6;MB7W
M)QD6KHG@9JXDK=F6=<DY#)_DQGGU*6Y\LV>*M2B3YUCZ$BIBMYUO0\>7*[TV
MW*7'AV]Q4*L;X*`*`*`*`*`*`*`*`*`*`*`*`*`*`XX?<==?<<65.O.+*E*-
MU*6M1N3WE1-4V'RUMREKJV=5;%P:\'M'%XQT6?99!D#_`#7"7'![E*(JR6A]
M'P+'E68PWI>W::7K0TA?3O(J7_=+8<23[0^@?T&DMAB=;5<67H]Z-3TPQ,39
M^PI.X\H/3>F-_./WX*2P@'T&Q?M5>]O:JU0ME3'Z58CC8SN2VM5]&[MWD.S.
M6F9?*R\I-5>3,<4ZY[$@_"@=R$@)'A4(X_)ORNW'-[6;3;NPMV;A`<QD!:HQ
M_P#JWORF?<M7Q?A!I7@9.+TR_>UC'3BQ[@?R]91:0<AF&6#VH8:4[;\2U-_T
M5-&;BW^M2_E-+P5?D93_`/+N-'^GSQU]@<C"W]ERE#UE^M+=/V?4U['3WJML
MQU4O;TI$MD>9QB.JZ5_?CNV2H_=-ZK1H\X].S,5UM/F7#Z,I?3[=.7W)B79.
M6Q9QTB*\6#?4`M:!YRE"P%HTWMQOXU:+J;WI^5.]"LX\K3H9\G:S+^[H>Y%R
M7"Y#C.16HA`+0]4@EQ/:E1Y'VBIIK4]I8R=U7*[%2ANZDR3G3K5N1[*;O<QR
M5GY+$`,MH["\H!3JSW\0GW51[3A^O93G>Y/XP[/MW&VZ`81Q_.3\RM/Y,-GY
M9I7877B%*M]U">/C4K:9/ZYCMSE<W)4+K5CKR`839J,YU?RT=;>K&8Z<[+F7
MXI(]0J;:/WUGE[`:IM9QUC!\W-E7\8R;?KV&=UZW7\Q/C[:C+NU$M)GV[7E#
M\I!^Z@ZO>/94L]/V',JU:6[5]NVTE<:-)E2$1HK*Y$APV;9:25K4>Y*0345.
M;MVY3=(JK'?$=%=]9!*7'F6<<VKB#*<\_P#4;"R/?:FIN+/0,B>KI'Q-ZG^7
MG+E!*\U'"^P!E9'TZA4T9F+]:E_>O48KG13?^'?3.PLYAV2W\"X[JX[WAYAI
M/@55#BRG_!Y-I\UN2KXT&3:'4;>S&=A[9W5AW5RY:O38EI0&UV`NI:A_"6E(
M!*E(/NHI,V&'U&^KBM7H?<]_;1^@H>;PBIVW9F'Q[XQADLK9;?90FS?J?$0C
MRCC<_3[:LUH;F]9YK;A%\M3VP6+1BL+`QB+%,*.TQ=(L#Z:`DD#OM>B1:Q;\
MN$8\$D+_`%3W0_MW:$F3%5HG25)BQ%CFA;M[K'>A`41WT;,+JN4[%AR7Y/1'
M,\:+(ER&8D=)<D27$LLIYE2W%:1]9JKV'`VXN<TEJVSKW%P40,9$@M\41&6V
M$GN;2$C^BKGTRU;4(**W*A+OYAV`<-AY-N+<IQOOLXV3_P"Y59&@_8X5MQ??
MV]QM=N18_3GIF[D)J`,BXCYF0V>!5)=`2RQ[?+Y4GWFBT1DXT%A8G-+\MK\7
ML7;O.?Y,F1*DO2I*R[)D+4Z^X>:EK.I1^DU".(N3<Y.3VLV&$VMN/.JMB<<]
M+1>Q>2G2T#WN*TH^NE3WQ\&]>_"+8X0^A&]WT@ON0XG[JW5+/_AH4/KJ:,VD
M/UV^]KBO3]#[E=!=Z,I"F7X4E0XA*''$*N/85(`^NH:9:7Z]?CJG'U_0SH&[
M^J>Q@EK<&/>GXE!L5O'U"D?N2D:Q[G*BK1DV\S,Q=+L7*';>57;4S!;DBP]U
M1L?Z4EQM:&9#[:4OA%]*@%B]TDIX&]65'J=!C3A>2NJ-'WK4\X.V\@WOG(;B
MER6WH[T1N'CV4@A3"$JUN)-[@ZU>:XHEK4B&/)7W<;JN6B[ACJQF'-'5?=C^
M?W7(:2N^.QBUQH;8/E*DFSKOBM0MX`53:S@NLYCO7G'^,=$.G\O6(6$9?,+2
M0A9;B,J]NB[CG^\FIB;7];LM*4_1\_@6!YI+S+C2^*'$E"AW*%C5CIY*JH<Z
M=(MG_K&[O5?3JQ^$7ZKUQY5NI40RC^LG6?#OKS6IQ/1L+S+]7^,/?N-GUTW9
M^H9MK`QEWB8OSR;'@J2L<O\`EH-O$FK/:>W[!F<\U:6R.WQ^GS)AS(`XJ4;)
M`XDGV`5%3G$F]@RXKIOOG*)2N+AWDM*XI<D:6$D>T>J4GZJ&QL])R+FJB_3I
M[S;?^B74&W_Y6/X?,)_]E*,R?^`R."]:,K&1.L&Q3KCPI"X"#J<C"TN,1V^5
MM2E(\4VJ-4>]F&=B;$W'AM7L'S;/4+:V_D_]/YK&:9[J5%41U!=95H%U*0X!
MJ01^]8CVU*:>AN,7J-K+_P!N<?NX,HD2+'B168D9L-1XZ$M,M)Y)0@:4I'@!
M5S<P@HI);$>M"P4`4`4`4`4`4`4`4`4`4`4`4`4`4!.-O]$L)B-RC++EN38L
M<AR%#=2GR.WN%+6/CT<T^4<:KRFDQNAV[5WGK5+8BCU8W8C[W]'<6;QNRVCZ
MC96G(YW2>"(C!NVTJW:\YI'@+U26KH:S-I>G&RO^J7@MWI%'KQN@DQ-IP;DD
MHD34-BY/&S#(`]I\UONTDS5]?RGI9CM>WX+MW&;TZZ,Q8S365W.T'YJK+8QJ
MN+37:/5'):^[X1WU*7$]>F=$C!*=U5EPX%82E*$A*0$I2+)2.``'8*L=$D8>
M0S>&QHOD)\>)V_GNH;/]HBAY7+\(?E)1\6:]C?FRGW/3:SD%2[VMZ[8X^\U%
M4>*S[#_G'UHW3+S+[8=9<2ZVKBE:"%)/@14F4FFJH^Z$A0'A/GQ,?#=FS'0S
M%83K>=5>R4CFHVOP%&RLYJ*J]B)ENWHUCMQ2W,W@LF&79[GK/:_SXZ]1\RVU
M)-QX7(\*K3@:',Z)"_+S(2HWZ4/VUMM8[;>%8Q4`'TFKJ<=5\;CBN*W%]ZC]
M'*I2H;C%QHV(*$=B,G-YB!A<3*RD]STXD1LN.J[3;DE/M4H\`/;1NAZ7KL;<
M'*6Q";MY2=H[(R6Z<PWIRF34YDYS1X*]1\_D1A]W4E/B34+15-;8:Q[$KL_R
ME]S].Q=MA(MI;.S^_,Y)E..%MA;I=R>24+@+<.HH;'VE\>`Y`<^RJHY?#P;F
M9<<G^-=6=!;8V=M_;43Y?%10VHC\V2OS/.'VK</$^'+NJZ5#M,7#MV(T@OF;
MHD`$DV`YFI,HP'-P8%I90[DHJ%CFE3[8(]Q50\7D6UHY1]:,J-+BRD>I&>;?
M1^VVH+'TI)H>D9J2JG4]"E)()`)3\)/,7X<*%J'[0!0"GO7:V'WO`7C/U`LR
M\<]KNT4K+;I18!UL\;%*K]GC4-5-=FXD,J/)S:Q?J?>+/3GH\_@<TO+9IYF2
M_&*DXYMFY0+BWK*U`>:QLE/9S]E0EQ,#IG1?(GSS=6MGS*E5CH!%S\:/N??N
M,Q``=@[;_P#,<H>:?F'!:*P>_@7%#V55ZLU=^*OY$8?QM_=+QW+X^`A=<=T.
M9/.Q]M0BIUJ"I*GVVP5%R6Z+(0`+ZBA"N'>KNJ&S2=?RG<N*S'6GO[?$WFP>
MB<5AIK);I0)$I5E-XN]VF_9ZI'\17=\([ZE1XF9T[H48)2NZRX;O25AEEEEI
M+3*$M-(%D-H`2D`=@`X"K'1))*B/I:T(25+4$I',DV%"6SY;>9=OZ;B5VYZ2
M#_10A-/8?2DI4DI4`I*A923Q!![#0D^6&&6&4,L-I:9;`2VV@!*4@<@`.`%"
M$DE1'W0D^''F6R@.+2@N*T-A1`U*/'2+\SPH0VEM(5G>@^Y$Y4'&2V9<*4Z2
MX^]^6XR%G4I2T<E@7^SQ/LJE&<ED?KUQSK%UBWZBR[:V_!V]A(N)A`EF,FQ<
M/Q+63=:U=ZE&]62H=/C8\;-M0CL1^[ESD;!8*;E9)\D5LJ2CM6X>#;:>]:R$
MBC="<B\K5MS>X3<0VWTYZ9NSIJ4_JSJ3)DH/VYLCX&O!'!)[@34+1&LM)8>*
MY/\`+;Z7N[=[(_M#9>X-Z95XM+TM^H7,CDW02E*W#J5[-;BKWT_3:JHY?#P+
MF7-O=O9?MI].ML;9;2J%&#TX#SSWP%O$]MCR0.Y-JND=GB=.M6%]JUX[QFJ3
M."@"@,1&'Q3>27E&XC2,BXV6G):4`.*02%:5*'$\0*4/-68*7/1<W$RZ'H%`
M%`%`%`%`%`%`%`%`%`%`%`%`%`%`<T;7ZK;LV\I+'K?J./2;?*2B5%(]C;O%
M:?`W'=5-AP6)UJ]9T?W1X,LNT^JNU=QA,=+YQ^17P^3DD)43_EK^!?NX]U2I
M'58?5;-_1/EEP9E[<VC'VLWF<@V[(RT^>XJ2ZZ[I,AP(2?39!&E)XWMRYT2H
M>N/BJPI259REKW^`E=+=I9#*;@R&]-RQUMSC(<$2*^DI*'1P6O2K_#'Y;?@3
M[*B*KJ:OI>'*=V5^ZONKHNW#=]"JY#(0L?">G37DQXD=)6\\LV2E(JYO[ER,
M(N4G1(G*,MOC?[BC@W%[=VJ"4IR:D_ZN4`;$M#AH3WCZ3RJE6]FPTZNW\I_9
M_MVN.]^';T[C;XWH]L6'^;+B*RDH\7)<]Q3RE'M)!(1]53R(R+?2;$=6N9\7
MVH>6.Q'1S/R'\?CXF,ER&`?5:90E*M(-BI*DA.H7[4FHI%E;=G#NMQBH-K@;
M+;G3G;^W,N[D,0J2PVZV6S`+RE1@20=80JYU<+<34J*1[X_3[=F?-"J[JZ#3
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M<6.G2G]I1YJ6H]JE'B35DC=V+$;4%".Q"]O#J`,5.;P6$B'+[GD"[4%L^1I)
M%];ZA\(MQM[/8.-0Y;C$R\[RWR07/<>[AXFI:Z:9[/6D[WSK\@KX_I4!18BH
MO]DD?%]'O-1RM[3P73KEW6_-O_2M$>TWI]T=P_H,Y&'"C+?.EGYI]06L]Q6N
MYHXQ+3P,.W1227C)_,^I?1C:P5\Q@WY>!F#BW(A/KL#[=*BJ_N(HX+<3+I%J
MM8-PEW,>V&BTPVT5J<+:0GU%FZE:1;4H^T]M7-I%45#[H2%`1'K=$GX7=&.W
M)BWW(;TQDL./LJ*5>HP;C5;GJ0JUC[*I):G*]=4[-V-V#I7X=O8?NU.O4IK1
M&W-']=OE^H1D@+'>XUR/BBWA2K(P_P!AW75Z5\BK1<W"W!AWGMNY)E3BT%+,
MD)]7TG"/*7&B4JN/V56JU:[#HX7HWH-VY+QX>@7(43_T[V)D<A-<_4,LI3DN
M=)`4HR)3ITHN3Y@D>4$GEQ-52HC#C'_$L2E+[I:M][[?%B_T9V6MU*]Z9D>O
MD)RUN02OC9*R=<CC]IPDZ?8GQI%;S"Z-@O6_<_.6SY]OB5')9*!C(+T^>^B-
M$83J=><-D@?^T]@'.KMF^N7(PBY2=$B>HW%O[>ZS_P!,-C`[>)(&9E(U2'A>
MUV6SR'_;5V52K>PU'^1D9/\`ZO\`;M_W/:_#MZ3*1T9V^\"]GLED,Q(^)QV3
M(4E'M-DIY#WTY"__``]MZW)2F^]]O>?#71WIY+:]?$O2&""4B3!F*590[[K%
MQ3D1$>D8TE6%5WI_U&/:&V\Q@D2F9V<D9B.M2/DA)`ULI2#J!7Q*[G^BK)4,
MS$QYVJJ4W-;J[AAJ3,"@%OJ+@CFMG9*(VF\EMOYB(H?$'F/S$:2.()TZ??42
M54874+/F69);=J\41C:76C<^&2VQ//ZOCQ8!+RK2$I_==XZO!=_&JILY7#Z[
M=M?;/[X^WUEFVKU$VMN9(1`E>G-M=4%^S;P]MDWLH=Z2:LF=3B=1LWU]KUX/
M:8N<VOG<UO+&2)KS)VMC#\TU#05>HY+0+-ET$:5!)-T\>SOJ&JON*WL:Y<O1
M<FO*CK3O[Q&ZD2)N]M^0MEXMRT:`=<YX<4H<(NXM0[?2;.E/[RK5#=70U'4W
M+*R(V(_C';V[O?H5G!X/&X/%L8S'-!F+'39(YJ4>U:SVJ4>)-62H=%8L1M04
M(JB1HMX=0X&!DMXN''<RVX9(_P!-BX_%7'DIU0OH3V^WW<:ARH8N7GQM/E2Y
MKCV)?$TS>V.I^X!ZV>SWZ%'7Q3C<6D:T@_96]>]_`FHHWM,98V5>UN3Y%PC\
M_P"IZ?\`HS@C8NYG,+?/]X9A!)]MM-.1$_\`#PWSGZ_H?4;8.\\1+87A=VR'
M88<3\Q$R2!('I7&O0K]JW+EXTY7Q)A@WK;7)=;7"6O;V#_5S;!0!0!0!0!0!
M0!0!0!0!0!0!0!0!0!0!0'&Z_C5XFJGRMC3TSVF-R[KCQGD:\?$M*GWY%"#Y
M6_QKL/"]1M-ITC#\^\J_BM7V[RJ=2.J\C:^?AXW',-2RVCU<DTX2"$K_`(:$
MJ'PJL"KB#PM4MG1]3ZO_`(]Q1BJ\3=[3ZI[4W'H8;?\`DLBKA\E)LA1/^6KX
M5^XW[JE2,O$ZK9OZ)TEP9];SV;D-SY7%L292$[8C*+V0@IU)=D.I_AI*APT?
M1V]UHDJ^!;,Q)7YQ3?\`MK:N)G;V?RV-V;D'-OLVG1V`(C;2`="00E10@"UT
M-W*1;LJ7L/3-E.%F3MK[DM.W@('2'*;NW#%S>/S,B1(Q3K!:1-?!]1#SH*%)
M;60+^4WM]GA[:K$T_1[M^]&<;E>5K:973WH]DMM[F1EYN09?9BH<1%0P%!2_
M43HNYJ%DV2>0OQHHGIT_HTK%WGE*M-E/B.&^=[0MJ0H;[X#CDR4VPALFUFRH
M%YSP0CZ[59NAL\[-CCQ3>]_U&4$$7'$'D:DS0H#\6M*$*6LV2D%2C[`.)H0W
M0YDZIY';V3W>_D<'*$J/*:;5(6E*DI#R!H.DJ`U72E)N*H<#UFY:G?<K;K7;
MXBB2`"3R'.AJCH;84%C8O3=W*Y0J2ZXV9\EHD^76`&F4I/`*/E'WC4K1'=X$
M%BXO-/A5_!=MYB[3ZYX+(Z(^>;&)EG@'KE<91^_S1^+AWT4N)Y8?7K5S2?VO
MV?0?\D_/>PLA[!K8>FK948"W%794LCRDJ3JN*EFYN.3@W"E::<#2;`V4G;N/
M7(FJ^:W#D#ZV6GJ.I2G%'44)4?L)/TGC41C0Q<'#\F-9:W)?DR;[OZD[^@=1
M'<=#)0RQ(0S$Q?I)(D-JTV))&L^I?@0>%5<M31YG4LF&3RQV)Z+C_4W/5'I7
MN'<FXFLIC'6%MNLHCO-2%E/I:"?,FR5:DG5Q`XWJ9(RNJ])N7[BG%E+PF/.*
MPD''N/%XPH[;*WU<-7IH"2HWY<JNC>6+?EVXQ;KRJAK]G;OA;H@RIL,:6H\M
MV,GC<J2V1H<[+:TD*%0G4\</+C?BY1V)M&^J3+"@)QUPD8%W:JX,J8TUE6UM
MRH$91NZLI44JLD<;*25"_*]5D:3KKMNRXR:4MJ.?*'#%`Z*;?F9+=Z9S;KC$
M/&)#LI;2BCU%*N&F5$<P2"H@]@[ZA+4WO0<>4[O-5J,>U"E;DZP8+![I<P4R
M,X_%:;2)<MJR_3=6+Z"W]H!!%[&_&UJER-_D]9M6KWER6F]C?@LU@\M`0_AI
M+,F(D!*0R19`'`)*.!1RY$"I3-E8O6[D:P::%7<&T\UNG>#3.90&]G8Q*7V(
MZ5@_.23_`(J1Q2E'L/9R^(VJU5]Q@W\6=^\E/_TQ_P#D^W;4]>J>Z\EM/;#+
M^(90AQUY$9+JD7;81I)!TBP^SI3V5,G0=5RYX]JL%K6G@+^#RNZ.HG3+,1%J
M0UDPY\NU*2"TV^$Z'"@VOIU"Z%6X?74+5&'8NW<W%DMDME>.\]^C6Q-S;;>R
M4C+I3%:E);;:AI<2Y=2"27%:"4C@;#MI%%NBX%ZQS.YOW#ME-TX['9[$X1XW
MEY<NAFQ%D!I&JZOO'RI[ZM4VMW*C"Y&V]LZ^PW-29(4!\NNM,MJ=>6EMI`NM
M:R$I`]I)X4(;256<F;JAP86Y<G&@/-R(*)"S&>94%H+:SK2`H<#IU:3X51'S
M;.A&-Z2BTXUTH:Q'J>HCT@HNZAZ6B^O439.FW&]^5&8\*UTVG2Z<L_LCIZQ,
MW!(=R$^.V@.A:P7''W3P92H\]-[7/8+U.Q'T#SGBXZE=?-)>_AZ#UVGO#8^X
MI:IN,4RWF'&PV^TZA+4O0#?2>U:0?V214IHMB9EB^^:%.?VFSWAD<Y`V]*D8
M.$J?E+!$9E-N"EFWJ$$BX1SM23TT/?+N3C;;@JRW&NV'L=C;L1<J6OYS<,_\
MW*9%?F6IQ7$H0H\0@'Z>?<(C&AXX.$K*J];DMK$K#];<K-WLSBG,>TG%R9?R
M;21K^902LH2M1)TGCQ4G3P%0I&JL]<E+(\MQ^UNG>:K?6S.HTWJ(N;`0^ZVX
MZVO&SVW-+4=M('`\?)H()(MYN^]0TZGAGX65+)YH5IN?#Y%S0%!"0HW4`-1Y
M7->AU:/V@"@"@"@"@"@"@"@"@"@"@"@"@"@"@"@"@.-G"`I1/($WJI\KWG07
M3S%1-C]/I&;R:?3DR6_GI@/!03I_(9\;'E^THT6BJ=STZS'$QG.6UJK^"[;V
M0?*Y.9E<G*R<Q6J5,<4Z[[`5<DCN2+)'=4(XS(O.[-S>UF(0"0+7)("1S)/9
M;OHSR2=="K[=SW53:NW%9G),F1@&"VD0\@I0DE+B@@%I5BM`%Q_$]PJ-4=1C
M9&9CVO,N*MM;I;?1]2B[3ZH;5W)H99?^3R"N<&20A9/[BOA7^$W[JNI&ZP^J
M6;^B=)<&9'4C'Y[(;.GQ<$I0GK"3H;5H6ML*!<0A5Q8J3?MX\J2V%^HV[D[,
ME;_(5^B.!W;B8>1&9:=BP75(^4B2#YPL7]183<Z`?*.^HB8'0\>_;C+S-%N1
M,NJFZAN/=<A32]>.@WB0['@H)/YC@^^OD?8!4;3GNL9OG7M/QCHBJ=-^J.+R
MS>(V\\EW]7^5*7GE)`:*V$\@HFZE*0G5RJ4]QT?3.JPNJ-O7GI[C6]:MT[QP
M4R"UC)IB8V:TJZVD)]7UFU>8>H0H@:5)M:W;1U,?KF9?LN/(Z1D9_0W<TG*X
M&;!G2%R9D%\K]5U96M33_F3<J))LL*%(GMT'+=VVXR=91?O[,CV^\'^A[ORF
M.2G2REXNQQ_E/?F(^C5I]U0<MU+'\J_*.ZNAL.ENU/\`J+=C#;R-6/@6E3;_
M``D)/Y;9^^OZ@:;69'1\/SKRK^,=6-_7O=?JR8VV(R_(SIE9"W[9'Y+9\!YS
MXIJ6;/\`8LS9:7B_@2&ARPT;#S6^H>13&VJ7I"R07((3ZD<@]KB562V/WKI\
M:KX&UZ;D9,94M5?=N*_ANL.*&1>PVYFAA\M%<++R]7J1"M/`V<YI_$+=]64N
M)T]GK$.=V[OV37J[=JCZVF'(+<ML-O'3^3(3I5Y5?LK'8>ZK&V5'JB'Y*+U2
M/5)2V1-M\X#&<!7\D(6L6O;\O1Z?Q`\;]]>>M3E;D<S_`"].:G-I_;R]MOS'
M7K1NPX;;!QT=>F?E]3""#Q0P!^<OZ#H'CW5:3-GUO,\JSRK\IZ>C>3;I'OS&
M[5D9-O*+6F!):2XV&T%Q1>:-@E*1^TA7APJ*T-#T7J,+#DIO[7[RVYK.S#LR
M1G,"EM]\Q/G(:7@2E2-(<XA)!OHOPOSJS>AUEZ^_(=RWK]M5[_<1K9W53=$O
M>^,7F,@IS'R7/EG(R0EME/K#2A6E(^RO3Q)-53.8PNL7IY$>=_:W2GB,O\P6
M"#D#&YUM/GCN&)(4.?IN^9N_<E:2/Q5,C-_8\>L(W%NT[=MY$O`7/8!S-0<@
ME4Z)P,:-TXZ:.39B!\_H^9DMG@5RG@$ML_A\J/<34[$=WCP6%BU?Y;7XO=V\
M3GN5*D2Y3TN2LNR9"U.ON'FI:SJ4?I-0CA[EQSDY/:SUQN5R.*E"9CI3D.2G
M^^:44DCV*[%#N-&7L7YVY5@VF67;W5[/0,=$D[RQ3C<"4LM1LLTC0I:@-5U1
MSQ(M]I'#V"BD=9C]7N0@G?C2+_E]"DP<EM[<>-4N*]'R>/=%G$^5Q![=*T*Y
M'N4*M6INX7+=Z.C4HL2>KS^X,)MB$UM=M<*$'BF8N"C2II%KH`T#R)4KF1_M
MJ):&LZQ*[:M)6515UIN-GTJRFX).RTS-QK6'$..%F1)&AQ49(!2MR]NW5Q/,
M<:1V'MTJ[=E8YKNWOX$0W1O:7E=[*W)')"8K[:L:@_99CJNV+=FOBH_>JO><
MEE]0=S)\U?Q>GH.B-N[UVYN)UYK$RQ(=C(;<?0`H:0[>PN0`;:;&W*KIU.WQ
M\VU>JH.M/B37J9U3WCAMP2\'!0Q";:"%-2PDNNK;<2"%#7Y$\;CX3RJK;-%U
M7J]ZS<=N*2[QTVS+;WOTU0W.4'7IL5R'-40/XZ`6RL@<+Z@%U*U1M,6?^5BJ
MNV2H_'C\3FIZ.]&><C/)T/,+4TZGV+02E0^D5".`N0<9-/:A_P"BNU/UC<_Z
MG(1J@X>SO'DJ2K^$G\/%?N%%M-YT'#\R[SO\8>_=\S)ZX[L_4\^WA(R[P\3?
MU[<E2ECS?]VGR^)-2]I?]@S.>YY:V1]_T^9-4J4E:5I)2M!NA:20H$=H(XBH
MH<_&33JBE[#ZM;U9E-8QR,[N)LCRM)!,M*1S(<`.H#]_Z:5H=%TWK%^J@T[G
MO*YM;?\`M?<R`,;+`E6NN$]^6^G\!^(=Z;BK)U.EQ<^U?7V/7AO,M&U-ML99
MS-L8N.,LO43)2@!941Q-^04KM5SI1;3T6+;4^=17.278_4C?N2Z@-8Z:HNL/
MNN-S,=Z24",A`/$$`+3Z9%O,>/C5$]3G<'J63/)Y);'NIL_H7&O0ZH*`*`*`
M*`*`*`*`*`*`*`*`*`*`*`*`*`*`YQV?L!V=U(D8:4G7!PTA;DY1Y+;;7^4D
M_P#%\ONO5-KH</A=,<LIP?XP>O;O&3KYNT*=C;8C+\K>F5D2#]H_P6S_`+Y_
M#23,_P#8<S99CXOX=O`6-I=(-TY_1(D(_2L<JQ]>0D^JM/\`EL\%>]5A35FN
MPNAW;NLOLCW[?46C:?3;:VV@EV)&]>>!YI\BRW;_`+O#2C\(%643J\3IMFQ^
M*^[B]I[=1H!G[&S<=(NKY5;B1WL_FCZT4>PMU&WSX\UW>[4Y8X$`^\54^<;"
MA]/.I6]8V4A85M7ZNQ*<2RW&DJ)6@$\5)>XJ`2D$^:XM35&_Z9U6_P`ZM_FG
MQ^9=\M)Q2TC$2YJ8K^3;<;80'0T\L6"5EH\]2=8Y58Z^[*#^QNCEWZ^@B.Z^
MAF=Q@5(P2_U6&GC\N;(DI'L`X)<]UCW56C1R>9^OSCK;?,N&_P"O;01,1D)6
M!W!$G*;6U)QTA#KK"P4+`2?.A238BZ;BHJ:?'G*Q=4FJ.++UUCQ+69V$Y.CV
M<5`*)S"QQNU:R[=WIK*O=5I;#LNLV5=QFU_'[NWO);T9SGZ7OB.RM6EC)H5$
M7[-9\[7]I.GWU&\YWH61Y=])[):#/_,'A`A_&9Y"?*M*H<E0'"Z;N-$_VQ4R
M-A^QX_XW%X?+XC+L;&Q=A=.G\QDD:);S?SLU)X*N19ACQXA/WB:+1&PP+4</
M%<Y;:5?P7;>R&I;SNYLV^XRPY.RDYQ3SK;22H@K-_!*4\A?@!53D.6[DW&TN
M:4BH;3Z"*.B3N>38<_TZ*KZG'O\`8CZ:M0Z'#_7DM;K]"^?;Q*WB<-BL1$3#
MQD5N)&3R;:2$@GVD\R>\U9(Z2U9A;5(JB.=>L,$1.H.2L+(DI9D)_&V$J_M(
M-4WG#=<M\N3+OH_8:C;.]MR[:<!Q4Q2&+W7#<_,CJ_`?A\4V-*<#&Q.HWK#^
MUZ<-QT-L#=\G<^W?U:7"^0`6MO5KU-N!O@IQ!-B$WN./LJR=3N.GYCOVN=KE
M%CJ3TPF[LE)SN)R277O12AF(Z06"VFZAZ3B+Z=1-^((/M%0UO-?U3I3R7SPE
MK39N(EF<%F,)+^4RT1R&_P#9#@\JP.U"Q=*QX&HJ<CD8MRRZ35"[=#\RG);+
M..>(6YC'5QU)/&[+GG;OW644^ZIB=CT*_P"98Y7_`!T]!#]T8=W!;DR.+%T&
M'(4(ZN1T$ZV5?U"FHH<CF679O2CP9T)(2C?'3$E-E/9*$%IMV2FQ>WN>1:K;
M4=O+_P#JQ>^4?:OJ2+HYM0YS=2)<EO\`T.(TR'PH<"_?\EL^"@5'[M56IS/1
M,+S+W,_QA[]QMNNV[!-R[.WX[EXN-_-F$'@J2M/E2?\`AH/TJ[J-F1^P9G--
M6ELCM\?I\Q:VGTQW5N30\PQ\GCU<?GI(*4$>UM'Q+]W#OIM,##Z/>OZTY8\6
M6?:723:NWRB0MK]2R*.(ER0"$G_+;^!'UGOJ5$ZO#Z19L:TYI<68'7>#\QL@
M2`+JARV7+^Q*[M'_`'Q21X=?M\V/7^UKY$%Q>6R>*EIF8R4Y#DI_O6E%)(]B
MAR4.XBHH<98R)VG6#HRS=..L.4S.4C8/*P?7EOW#<Z,`D62DJ4IULFP%AS2?
M=4IG6=,ZU*])6YQ^[BOB4'=V#E9W;LW$QIA@N2T>F7PG7Y2?,@BXX+'E/=4M
M5-SEV'=MN"?+4YPW3T_W1ME2E9&(5PP;)GL7<8/LN;71X*`JNS:<+F=+O6/R
M58\4;'I!G/TK?,(*5:/D0J$[[+N6+7_B)`]]-Y[]$R/+R$GLEIV]-!Q_F#P?
M_P"R\ZVGD50I"NXW<:^L+%2S:?LF/I&XO#XKXGS_`"^9RSF4P3BN!TS8R3R[
M&W;?V*(C];R/RMOQ7Q^`J=8<"O&[[DJ9;);RH1*80GB5..>1Q([RXF_OJ'H:
M[K>,XY#I_/7MZ2I1D1^FO3$K<"3D4HUK'^+.?X!/>$FP^ZFIV(Z**6#B?ZO_
M`"?;U(Y^CQ\EE)_I,-NSLA)65E#:2MQ:U&ZE$#VDW)J-AQ,83O3T3E)E0VGT
M'GR=$K<K_P`HR;'Y".0IX]RW.*4>";^-31G0X?Z\WK==.Y%?P>W,)@H@BXF&
MW%9^UH'F6?:M9NI1\34I'3V,>W:5(*B.5\Y$<QFXLA%02VY#EO(;4DE*DZ'#
MI*2.(X56A\ZR8NW>DEI23'7:G6S<N)T1\L/U>$.&I9TR4CN<Y+_'Q[Z5:-MA
M]?N6]+GW1]I<MO93&YK&L9N"RIMN<@*2IUL-NE()`U?1PX\N563J==CW8W(J
M<5^7K-G4GN%`%`%`%`%`%`%`%`%`%`%`%`%`%`%`%`%`(&S8_P#TELF;N/-E
M;N4R-\CD%'^*M;G!A@?O'4$@?M*M55HC48<?\>P[MS\Y?<_@NV]GMLWIW'BR
M%[BW"VB9N><LR7U+\S<92^/ILCE=`\NKNX<*1CQ+XG3U%^9<5;LM?#P'FK&T
M$"1U8@2=YX_;6$0B6EZ1Z4V>2?2`2E14EFWQGR_%\/C5>;4U$NK0=^-J&NNK
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M8TE*4%*>:@CR\.=2EH;&W84+7(_N25/1_30Y32J1`G`M^I&E1'0IO6"AUM;:
MKH*DGDH6%41\Y?-;G5:-,J>V,WN3J9N#'P<PED8;#*3.FH904I=<1=+0<U%7
M%2K^46%KU.UG28>3=SKB4Z<D-7W]OF.6\\7(WKGF]KM/*CX7%Z)6<D(^)3RQ
M=B,B_P!K1=:CQ`NGMM1ZNAM<RT\F?E5I".LO@ANP.W<+@8286)BHBLBVK2/,
MLC[2UGS*/>35DJ&PL8\+4>6"HCPW1NS"[9QQG91[0@G2RRGS.NK_`&6T]I^H
M=M&Z%,K+MV(\TV?&S-Q+W'MV-F51_E1*+NAC5K*4H=4A-U6%R0F]$R,+)\^V
MITI6OOH27^8.#Z>?Q4X"PD15LJ/M++FK^AVH>TYK]DMTG&7%4]7]2;X7$3,S
MEXF*AB\B8X&D'F$@\5+/<A(*C4,T.-8=VXH+:RW]4\O$VEL6+MK%GTG9C?R;
M('Q)C(`#RS;M5?3XJO4O@=?U:_'&QU;CM:IZ-Y(=L;XW+MEQ)Q<LIC`W7!=N
MN.K\!/E\4V-12FPYC$ZE>L/[7IP>PK6'ZL[*W3$&+W3$;AN.V24R0'(JE<KI
M<(\A^]:WMJ:\3IL?K&/D+DNJC[]G;M48MI]/L;MO,R,E@Y2OTO(,A+L%9]5(
M4E6IMQIR][`%0LJ_/G1*AG8G3X6)N5M_;);/=1DOZ^1X;6[XKS5P_(B)^9\I
M"24+(00H\"=/,#V"H>TYW]B@E=36UK4U.T>JFX-L89[$PV&9+2U*7%4[J*FE
MN<[`?&"KB![:5H8V#UBY8M^6DGP[BLX*'_T%T]+[S1D9N2?6=9'%;^0E$);9
M`'/S*2CA[":+1'3V(?XN/5ZS?MD]B[>)X;,Z28^`O]7W)IRN?D++[Y<\S#;J
MSJ5I2>"U7/Q*]UJE1XGGA](A!\]S[KCU[BB``"PY58W(JX[J)A,INT[<Q=Y:
MVFG'9,U!'HI+92-"3]LW5Q(X#OJO-J8%OJ-N=[RH:T6KW'OU'@&?L7-QP+J^
M56ZD=[/YH^M%2]A;J5OGQYKNKZM3E@&XO[:J?."Y]!MI_*XQ_<DE%GY]V85^
MR.A7F4/^(L?0D5,>)V7Z_A\D'=>V6SP[>XJ]6.B/Q24K24+`4E0(4DBX(/,$
M4#1/MT=&<!D7?G\*K]%RJ%!UI;(O'+B3J25-<-/FMQ1;P-5<>!I\GHUJ;YH?
M9/NV>HV?4Z(S)Z=909):&G&8Z7O43<H$ALA20F_'S+&D>-3+8>W4X*6-+FX>
MWMH<];5W'+VYG8N8BH2XXQJ"V5$A+C:QI4DD<NX^VJG#X67+'N*:W%8VKD7^
MH^]H^=E0A$Q.W$7C,E7J*7*=(*=2[)OITZK`<.'MIM9U&)=>;>5QQI"WL\>W
M;4SMUX*;U"W2<:V^8VVL`LMS)*+%3TU0!6VU?A=M!"2H_"2>='JSVR\=YEWE
MK2U#;WR^GL'C;NU<!MV)\MB8B(Z2!ZCOQ.N$=JW#YE59*AM,?%MV8T@J'SNC
M=F#VSCC/RS_IHXAII(U.NJ`OI;1VGZAVT;H,G*A9CS39L,=,3.Q\::A)0F4T
MAY*%6ND.)"@#;A<7J3UMSYXJ7%5.;>KD$0^H.4`%DR/2D)_YC8U?VDFJ;SA.
MMV^7)EWZ^PU&S]MO;DW'#Q#=PV\K5*<'V&$<7%>-N`[R*/@8N!BN_=4-V_P.
MK8\=F-':CL(#;#*$MM-IY)0D62!X`5<^CQBHI);$>E"0H`H`H`H`H`H`H`H`
MH`H`H`H`H`H`H`H`H!2W3$R^2W9MR"(JS@8[R\A.E"Q07XZ28[2A>X`7YN/`
MFWLJKVF!DPG.[;C3[$ZM]ZV#;5C/)/UOWS(@,-[:QSI;D3&_4R#R#926%$I2
MV".1<L;_`+OC59<#G>N]0=M>5';+;X=NVHC=%L<J7O\`AN!-VX+3TA=N0\GI
M)_M."H6TTW0;7-DI_P!M7\/B=(U<[LY>W%MZ5,ZDY'!PD_GRLBXAGM"4NJ]0
MJ/<A*BH^%>9\_P`K%<\N5N.^7O*IU.RT39VPHVV\6?3>F-_)L6^)+"1^>Z;=
MJKVO[57JSX'1=5OQQ<96X;6J>C>^W$@0``L.5#B0'%02.*CR2.)/NJ*DI-F:
MWA,VXD+;QTM:0;A:6'38CM!":BI[QQKNU1EZAQVUU<WAMM2(V32O(04V'H3`
MI#Z4CA^6ZH:O<J]*T-MB]8OV/MFN:/?M**WDNE_4EE+,E*6LIILE#MF)B/\`
MAK'!P>!([JMHS>*[B9RH_P`O5(W6V=I0]B;=R`@(>R<@ER2H)0/7>*4_EM`)
MYV`L.^YHE0R<7#CB6Y<J<M_>^X]NF\.4SM2/+G)*<GE%N9#(:@4J]:0HJL4G
MB-"-*`/8*1V'IT^#5I.7Y2K)^+-YE\K#Q.+E9*8K1%B-J==/;9(O8=YY"K,R
M;UV-N#E+8CE?=>Z<EN7,/93(*(O<1X][H9:O<-I_]X]IJG>?.\W,GD7.:7H1
MTATX@.0-BX6,X+."*AQ0/87;N6_MU:.P[OIUODQX+N]^HF_S"0]>`Q<RW\"6
M6R>YUM1_I;%1(U7['"MJ,N$O?_0P.@VUDMLR]U3$A(4%1H"E\`&TG\YVY]JA
MIOW&BXGE^O8E(N]+P7Q?;O)WO_=*MS;HEY%*B8:3Z$!)[&&R=)M^^;K/C4=Y
MHNIY?GWG+^*T7@+M2:\_`4J-AQ/L'&HJ31C#MG?FY]L+3^G2U)BWNJ"^"N.K
MVV2;:?%!%1L-AB=1OV/Q>G!["LX;JOLC=D08O<\5J&X[8%$FSD5:CPNAT@:#
M]ZWC4U3VG2V.KX^0N2ZN5]^SU]O$]X'13;T3<\'-092U8QA?S`@.?FI*P+M%
M#M[Z`KS65?QJ>4M;Z':C=5R+^U:T]VIMY,A[+]38^.<:6G'[?BF==:2$.RY'
MY3:DWX*#3:E6(Y*)]E-YE2D[F2HM?;;5?&3^2]M1SJQLB/=:^H4B.XK:V*=+
M:U("LK(0;*"5BZ6$GLU)XK[K#M-5?`YGKG4G#_:@]?Y?+M\S3_R_05+W+D9F
MG\N-##5^P*><!`^ALT6TQ/UNW6[*7"/O?T+I+CIDQ'HR_A>;4VKP6"#_`$U8
MZ^<>9-<3D_;.VY><W#%P3-TK==+;[@_NVVR?57^%(-N^U>?<?.<7%E>O*'>=
M7PH<:%#8AQD!N/';2TRV.24(&E(^@5Z'T:$%&*BMB/:A8*`*`_'&T.(4AQ(6
MA0LI*A<$'L(-"&JDZW9T2VWEO4DXD_I$Y5S9L7C+5^\U]F_M1;P-5Y>!I<SH
M=J[K'[)>SU'OZ;/3+IDZ4Z7L@T@DK2"4NS7SI23^XDV'&WE%-B/116#B]Z_^
MS[>I#5M7#C#[>@X\DK=;;"I+JN*G'W/.\XHGM6XI1J4C/Q;/EVU'?O\`'?[3
M]W-N&#M["2LM-XM1TW2V/B<6HV0VGO4HVHW0G)R(V;;G+8CEW<FX<QN;+.3\
M@OU)+Y]-AE-]#2%&R6FQV`7]YXFJ-'S[)R[F1<YI>A'5V.C?*X^-%_P&D-</
MW$A/^RO0^BVX<L4N"(;_`#`0PWNC'RP+?,PRA1]I:</^QRJO:<C^R6Z78RXQ
M&OH7M/\`3\&[GI*+2\K81[CBF*@^7_O%>;PTTCQ-ET'#\NWYC_*7N^OR*?5C
M?A0!0!0!0!0!0!0!0!0!0!0!0!0!0!0!0!0!0!0!0'/75W:FZ4;IGYMV&X_C
M9*D!B2R"Z$I2A*`E:4^9'$>RW?5'H<7UK!O.\[E*Q90NCFQI.WL0[D,DWZ65
MR6DJ95\3+">*$*]BB3J4/`=E3%&ZZ+T]V+?-+\Y>Q%#JQNB;["PL:=O'<>]E
MV,9R2[$Q;A^$H9LV\^">Q11I!\:I':V:7!L*5Z=_=6B^+[=Y)=^;BD;MW@](
MB)6^R5")BV$`J4IM!(3I2.-W%75[Z5WG,]1R)9-]\NJV(>MG=""XVW,W0ZI&
MJRAC&%6([G71_0CZ:FAM\']?5.:]ZOG]/657$;9V_AFPWB\>Q$`^TV@!9\5G
MS'WFI2.BLXUNW^$4C9U)[GE*AQ);19E,-R&CS;=2E:3[E`BA64%)4:JA1=Z1
M;*.;AY:/$,1V(Z'_`)=DV8<4FY3J;-P+*L?+;E5>5&N?2;'F*:5&N&P<ZL;,
M*`2>L&,SF3V6[$Q$=<IU3[2I#+9&LLH)4;)/Q>8)X#C59;#5]8M7+EAQ@JNO
ML_K0B.Q-E3MR[C;@*96W#BK"\JXI)3Z;:3Q;-[66NVD#W]E1M.2Z=T^=Z[RM
M4BOR.HTI2A(2D!*4BR4C@`!V5<^@B!UCB.9;&8?;L8_Z[+9%M+/;I;:0I3KI
M[FTFYJLC4=8AYD8VE^4Y?U?H,#JOFHFU-D1=LXK\IV:W\HTD?$B*V`'5FW:N
M^F_;<FCX'AU?(6-CJU#?IZ-_K^9)-H;%W!NF26\:R$16SI?G.W2RWW7'%2OW
M4^^U1X',873;N0_M_'B6G;G1+:&,0E>00K+RQ\2Y'E:!_=92=/\`6O4\IUF+
MT.Q;_)<[[_E_4=X>*Q<)`1#AL1D#@$M-H0/[(%6-K"U"/XI+P/5Z)$?1H?9;
M=0>:5I"A]!%"TH)[4*F>Z3;'S"5E4!,*0KE(AV95?O2!Z:O>FJN*-?D=)Q[J
M_'E?%:?0V>RMIQ]K8%O$LR%RM*UN+?<X%16>Q-R$@)L+"I2H>^%BJQ;Y$ZF]
MJ3+"@.3]Y,9AO=&17E8SL>7*E.NI0XD@K2I9T:.Q0TV`TUYU/G.?;N>=+F3J
MV7GI'L]_;FV`9J/3R617\Q*;/-L6LVV>]*>)[R:O%'8]'PG8L_=^4M7\AV6M
M*$*6LA*$@E2CP``YFI-JW0F/17;:$-9'=;J-*\N\Z,>#S3%]4JU#_B*^H"J0
MXFBZ-BI<UY[9O3P[>XI]7-Z%`%`%`%`%`?BT(6@H6D*0H64E0N".\&A#53]H
M22/^85V=^FXAE#;A@>LX[)=`);"TI"6@M0X#XU6O59'-_L;ER127VU=?A\1&
MZ3;3>S^ZX[ZVR<;BUIDRW"/*5I.IIOQ4H7(]@J-K-/T7"=V\I/\`&.ITK5SO
M"6]5L$-R[RVO@6[ZE)D/S5CFB*%-ZE>_24I[ZI+;0T'5<;S[]N'BWX:?(I[#
M#,=AMAE`;9:2$-MIX!*4BP`\!5S?1BDJ+8C[H2%`%`%`%`%`%`%`%`%`%`%`
M%`%`%`%`%`%`%`%`8V4BO2\;*C,/*C/O-+0S(;-E-K((2L'N/&A2[%RBTG1M
M;2.;8ZZY&&Y\ANN*7E,J+3LV,D)<2I!TJ]1K@D\1]FWA5%)G,XW7W%\EY;-Z
M^)7,)N#"YR()>*F-RV#S+9\R3[%I/F2>XBK)G1V<B%V/-!U0O]1<GN1$2-AL
M!$>,O,.",O*)3=J(VO@M:B.(5IO8\AXVJ)-[C%ZA<N**A;3K/2O`T/5'+1-H
M[$B[9Q-VWIC8A1TI^,1T`!Y?#[2[Z>\JJ'HJ&%U6\L?'5J&V6GHW^LS>E739
MC;D!&3R+05GI*+JN+_+-J'\)'[UOC/NY<Y2/3I/3%8CS2_\`8_9VWCQD<E`Q
ML-V;/D(C161J<><4$I`]_;[!5FS;7+D8+FDZ(0__`%*W#GG%-[)P"YT=)*?U
M:<3'C$CGI!TJ5]-^ZJ<S>PU7_(W+O_HAS+^YZ+MVH>HQG6Q\>HO,8F(3Q]%M
MA;@'=J4DTI(LK>:]LH+MX'PYD.L^&!=DP<?N",CBM,-2F'[=ND*L"?PFE9(C
MGS;>U1FN[;V]`^PGGGX;#[[!C/.MI6['40HMJ4`2@D<"4GA5S:PDW%-JCX'M
M0L%`3/?O4#/[+W6QK:3D,%D&0XB.K\MQMQLZ7`VX!["E5E#M[*JVTS1=0ZC/
M%NJJYK<NS&7:?4+:>X^&/D)9G+LIV$^`V_<`#E]NP'-)-2F9V)U&S?\`Q?W<
M-XQR7TQX[KZTJ4EI*EJ2VDK60D7LE*;E1]@%29LI438C;(>E;AR\[>V395$C
M-I7!PD5\:2S&;5=]Y8/);BTV/L";<JI'74UF&W=F[\U1;(K@M[[=Y/H^-E]4
M^H,N:5+:P$0I;+PX%,9!/IMHOR6\=2S^S?PJ-K-)&T^H9+D__7'W?7YEUQV-
M@8R"S!@,(C1&$Z&F6Q9('_M]I/.O1(ZVW;C"*C%42-'NKJ'MO;:Q'EO*D9)R
MWHXV,GU9"B>7E'PW_>JKDD8N5GV[.C=9<%M-$G=/5;*#U,5M=C'1E?`YE'B'
M/$MHT*'T5%7P,7_)RY_A;45_J?PT9^G(=;HWG<Q>(G)YEMEUQM?N*U`5/W!7
M,Z.V,)>'U9O-H[KRN9?E1,I@96&EQ$H4X7K+97K)`]-P6U?">0]]$ZF5B94[
MC:G!P:]0RU8S0H#3;QG9?'[;G9#$A"IL)'S"6G$ZD.(:.IQ!`(/%`/(U#V&-
MEW)PM.4-L=?G[!0VSU>V=N%4=G,LMX[(MK2MCYH)6QZ@Y*:>(LA7LU6-0I&M
MQ>L6+]%/[9=_P91TJ2I(4DA25"Z5#B"#VBK&[$3?^=?GY&-L/%%:)^8'_F,H
M)($>#S>*5'@5K0"D6Y7]I%4D]QJ\Z^Y25B/Y3VOA'>.\2)'AQ&8D9`:CQT):
M9;3R2A`"4I'@!5S90BHI);$>M"P4`4`4`4`4`4`4!.)_5>'B-RY#;FZ8>B.A
M=F)S22XVMAT!2/5:-U?";**;\>P57FXFEN=6C;NNU>7IW4[QRVTC;2<4@[<$
M88UQ2G$_*:?3*U<5$Z?M>-2J;C9XWE<G^W3E[C(S69QN%QDC)Y)X,0XR=3CA
M^@`#M)/`"C="UZ]&W%RDZ)"ST]:DY54W>>0:+4G-:48]A7$L8]HGT4>+ANXK
MVW%1'B8>`G<K>EMGL[H[O7M'.K&Q"@"@"@"@"@"@"@"@"@"@"@"@"@"@"@"@
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MR.VGT8X4`4IM<$V203I'`?15G*A[W^K6+%SRW7T;$+G6+?\`NK!9;'QL0^(<
M%U@2$RPA"P\O41HU+"DV2`#8<[U$F8/6>H7K,XJWI%JM>)2-J9'(9+;>-GY%
MGY>=)CH<?:L4V4H<['B+\[=E66PW>+<E.U&4E231L69,=\N!EU+A966G=)!T
MK`!*56Y$7'"I/:,D]CV'I0L%`3KKG@_G]G">A-WL4\EZ_;Z3GY;G](5[JK(T
MG7L?GL<RVQ9SV"0I*DDI4DW2H&Q!':".510X=2:=45#IGU,WHYFH.!=MEX\E
M80"^2'FFP+K7ZHN5!"0390/C2K.DZ3U6_*:MO[T_6O263/LXK)Q7]O2YOR[V
M286D--.I;D*:Y+*`;DCC8\*L^!U%^,)IVVZ<R])X[-VG`VM@V\5#47=*E./2
M%`)6ZXL\5*`X<K)'<*)4*8>)&Q;Y(FCW[N_)L3(VU=L!+NYLD+ZSQ1$8[7G.
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MKE-^E25I"T$*2H`I4#<$'D0:DS$S]H`H`H`H`H`!!%QQ%`%`%`13^8/!Z)6+
MSC:>#J50I!`^TF[C5_$%=5>TY3]DQ_QN+P^7Q)AA<_FL'+^:Q,QR&\;:]!\B
M[=BT&Z5CQ%10Y['R[EEU@Z%IZ>=5'MU2TX#,8Q+DEUI:ER&4A4=2$#S>LVN^
MB_+F02>RI3W'6]-ZO_DORYQU]GI*>TTTTTAII"6VFTA+;:0`E*4BP``X``58
MWR22HCZH2%`%`%`%`%`%`%`%`%`%`%`%`%`%`%`%`%`%`%`)^^.IF'VB\U%E
M1I$F8^WZK+;20$%(44\7%$`<1R%S4-T-;G]3MXVDDVV>_3[>R-WX=^:6!$>8
M?6PY'2O64IL%(5JLGFE7LYT3J7Z=G+)@Y4IK0YXWB<TC<D^)EYCTV5">6REY
M]14=`5=!3?@`I)!L*JCA^H.YYLHS;DT]YAX/#R\UF(>)B#_43'`VE7,)3S6L
M]R$@J-&>.+8=VXH+>7'JEF(FT=B1]O8O\IZ8W\E&2/B3'0D!YPV[2#IO[57J
M7P.PZM?CC8ZMQVO1>&_MWD*QF3R.+EIEXV2Y#DHX!UE12;>P]BAW'A44.-LY
M$[<N:#HRK;6Z].I"8NZ(H=0?*9\9/&W^8SR/BC^K2ITN'^PU^VZO2OD5K!YG
M!Y:`W(PTEF3#`"4>@19('`)*18H\"*LG4Z2S>A<C6#30J;DZ.[:SVX#F9#S[
M*GBDS(S12$/%`";W(*DW`LJQX^-0XFOR>C6KUWS'6N\T6X>LF.QNZ58-6'1(
MQ>/>3'??41K2M-DE33924V1?AQN>ZH<C$R>M0MWO+<:QB4+=>X8VWMO3<N_9
M0C-W:;/VW5>5M'XE$"K-T-SEY"LVW-[B9=!MRR)4_-XV:Z7)$M?ZF%G[3BSH
M?/O)158F@_7\MSE.,MK^[Y_`K63R4+&8]_(37/2B1D%Q]RRE:4CF;)!)J[9T
MERY&$7*6Q"1BNM&W,KN6%A8,=\MS%*;$UT!M`7I)0`@W4=1%N-JKS&JM=:M7
M+JMQKKO-1UYG[BA0(/R<Q;.(F^I%G,("0%+(U)U+MJLI&H6OV4D8O[!<NP@N
M5TA+1D,H<:6[H3M=N'C)6Z9H"%20IF&I?`)CMF[CES^VM/T)[Z1XG8=`Q%"#
MNRW[/#M[B8[XW2[N/=,K+)6I+"5!O'V)!0PV3H([4E7%9[S4;3G^HYKO7G-;
M-W@,>T^M.YL/HCY/_P`W@CA^:=,A(_==^U^/Z:5:,[#Z]=MZ3^^/M*YM7>&R
M-QRS.QBF49E;7INMNH2W,],&^@WXK2"/LDBK)HZ;$S+%]\T*<]/^XSMZ[1B;
MJP2\5)=5'\Z7F7T`**'$7L=)MJ%B011JIZYN''(M\CT$Z-`PO2/;,F5)<<RL
MO)/(;*$I2V'%)2K2@))4$I2G42234;#6PMV^G66V^9R9ONFF?VUF\3(EX7&-
MXE:7M$V*A"$>>VI*M38`4"%<*19E],R+5V#E;CRZZH1.JW4)<;>V*B0UZHVW
MWVY4P)/!;RN"D&W[#*B/%1]E1)^PU/5NI<M^$8[(.K\?Z>]EI:=;>:0ZVH*;
M<2%(4.12H7!JYTZ::JA:W+U)VAMU]<7(3-4YL`JALH4XZ-0U"X'E3<'[1%0Y
M(P<GJ5FRZ2>O`S,=GE;@VF,OA/RWI3#BH:7P#I>3J2$N)!MP6FQXTK5'K;O^
M=9Y[>].GB<OYS-Y3-Y-W)958<G.V2ZH(2V!H&D)TI`^&UJJCY[E9$[LW*>T]
M=L8"3N#/PL.Q<&4NSK@^PTGS.+_"D&W?1EL+&=ZZH+>67K+N"-@-IQML8VS3
MDYL,!M/]W":`2K^OP1WB]3+@=7UK)5BRK4-'+3_M7;WDLVKU$W5MHI;@RO6@
MI/&!(NXS;V(XZF_PGW5&S8<YA]5O6-$ZQX,LNTNLVV,WHCSE?I.058>F^H>B
ML_N/<$^Y5C4\QU6'UJS>T?V2[_F/X((!!N#Q!%6-P%`%`+V_MTHVSM>7D@1\
MU;T8*#]I]S@CA[$_$>X5#9A=0RE8M.>_=X]M1>Z(9U62V=\H\X7)6-?6RXI1
MNI2'#ZJ%$G[Y'NJ(F'T+(\RQ1[8OZCSD,EC\;%5*R$EJ)&1\3SRTH3?V741Q
MJQMKER,%63HC28'J%M7/Y=[%8F49,AEHO*<"%);4D*"3I4H#405#E4*53%L=
M0LW9N$'5I$UZ[;BSJ,@G;SK;`Q#S;4MAP))=4I*B#=1-DZ5#L'(U5[30_L&5
M<3\NBY'J2.I.6+_T-VG^FX!>;DHTS,M8LW'%,5/\/^N?/X6I'B=OT'#\NUSO
M\I^[Z_(I=6-Z%`%`%`%`%`%`%`%`%`%`%`%`%`%`%`%`%`%`%`%`3'KW@_F]
MLQLLVF[N,?'J$?X+]D*^A>BJR-!^P8_/94]\7[']:"?T&SGR>Z9&*<59K*,W
M;'9ZT>ZA]*"NBVFK_7<CENN#_DO:NS/KKU@_E-S1<LVFS639T.'_`#H]D_6V
MI/T4>TG]BQ^6XIK^2]J[(W70;:J6H\G=,M('J!4:`5<+-I/YSO']I0TW[C[:
M+B9?Z]A\L7=EOT7Q[>)/.H>ZE;FW3*GH43":/R\`=GHMDV5^-5U>^H-'U3,\
M^\VOQ6B,3;>S]Q[D>]/$PU/-@V<E*\C"/O.'A[A<TKP//%Z?=OO[5IQW%CVG
MT-P6.T2<ZY^JS!Q]"Q3%2?N<W/Q<.ZIY>)U.'T&U;UG]\O83CJ`N?MGJ1DW<
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M,=AW?2KJOXR4O^E]O`Y]E,3<!G760=,W$RB$J_?CN72??I!JNXXJ<96+U-\9
M>XZ'WS$9W;TT?DQ1K4[&;R,,<R%-I#NGQ*;IJ[U1V^?!9&*VM\>9>_Z'/FVL
M%)W!G(6)BW"Y:P%N#[#0\SCGX4`FJ[3B</&=ZZH+>6CK!GXVW-H1MLXRS+DY
ML1TH2>+<-H!*_P"OP1WW-2^!U?6<E6+"M0_EIZ.WQ(,D$J2A(*E*-DI2+DD\
M@`.=14XM)MT10=I]%MS9C1(R?_E$!7'\T:I"A^ZU]G\?T4HV;W"Z#=N:S^R/
MM&+J9T\P&VMCLR<.PI$R++96[/4HF0H*"D<7!;3YE)-DV%'$S^J=/MV,>MM4
ME%K7>:#:G6S<N)T1\J/U>$.&IPZ9*1W.<E_C%^^E6C!P^OW+>ES[X^TIWZIL
M#J7ASCE/ZUZDN_*J/HRV5IO920;WX$BXNFIT9T'FXV=#EKZ-Z,V-@\?L7:,_
M]`A/2W6D+?#0NZ^^\1I3JM:X'#X1P'92E$>T;$<6R_+3=/6V<QR7Y$B2\_*4
M7)3KBUR%K^(N*)*RH'MN:A'SV[*3DW+:RD]']ZY8;NBXS(SG7X4F,8<5IQ9+
M;:FAK:"4\AY4E-%M.@Z)GS=Y0FVTU1>C9\C+_F`P?HY;'9MM-D2VS%D$?XC7
MF03XH41[JE[3T_8\>DHW%OT[=MQM_P"7W.>KC<CA'%>:*X)3`//TWN"P/!:;
M_BI$R?US(K"5M[M>W;>3KJA@_P!&WQDF$ITL25B9'L+#2_YE`>#FH5&\T76,
M?RLB7!Z^LH_0S;+6.PLK=,X!M<M*D1EKX!$5HW6N_9K6F_@D5,>)ON@8BMVW
M=EO]W;W$JWKN9W<NY9F643Z#BO3AH/V8[?!L6[+_`!'O-0N)S?4<MW[SENW>
M!A87`YG-RQ$Q,-R8_P`-0;'E1?M6LV2@>)I4\L?$N7G2"J5[:?06(UHD[G?$
MIS@?T^.2ED=MG'."E^`L/&IY:[3J,+]?C'[KKJ^"V"1#WQNK9.>GXR'(]:!#
ME/,C'2+K:"$.$)""3J1Y?V3;NJJT-3'J-[%NR@G6*;5&5?:?63:V;*(\Q7Z3
MD%6'HR%#TE*/[#W!)\%6-6YCH\/K5F]H_MEW_,?001<<0>1JQMSGWKEN21D-
MSHQ`2MJ'BT^4+24AUYP`K<3<#4E*;)!\:HWJ<9^P9,I7%#^,?>)>&W1N#!MR
M4X>:N&981ZY0$W5Z9)3Q4#;XCRHS48V;<LU4'3FVG0>XH[.]>F3CS"0MV9#3
M+BBURF0V`X$COUI**EZH[?(BLK%;7\HU]/;0@_3_`#OZ+N_%9%2M+'JAF03_
M`(3_`.6J_P!W5J]U17><;TR_Y-^,MU:,K77W!_-;=B9=M-W,:]H=(']S(LDW
M/<L(J9'2_L./S6E/^U^Q_6A(]D[9<W+N:'B@#\NM7JS5C[,=OBYQ[-7PCO-0
M<ST[$=^\H[M_@=5M--LM(::2$--I"$(2+`)2+``=U7/HJ22HCZH2%`%`%`%`
M%`%`%`%`%`%`%`%`%`%`%`%`%`%`%`%`+,"!.SNPOTO-L*C3GXBX<Q#G$AU`
M+?J`@D$$I"P14;48-NW*[C\DU23C1^.ROQ.:L1D)>#SL2<!_J<;)2I:`>9:5
M9Q%_WA=-4."LW'8NJ6^+*OOW=&W]_P`?#;>V^I<C)RY:'/44VI'RS80H.E>H
M#B$FY";\O"IDZG39^5:S%"U;UDY<-@Q=0I#N&VK!V=MMA3F2RB/D84=KXTQF
MTCUG">SR\"H^V]).FAF]0;MV59M+[I:+PW]O2:O9W0K&0TMRMR+$^5P(@MDB
M,@^Q1X*<(]P[C4J/$QL+H,(?==^Z7#=]2I1X\>,RAB.TAEAL:6VFTA*4CV!(
ML!5CH(Q25%HCXA9"%.9+\)]$AD+4V76U!2=2#I4+CAP(M0K"<9*L75$+Z_P0
MSNF!,`L)4/2H^U3+A_V+%5>TY#]CMTNQEQB3#P!)[`.9\*@YU*IT+AX\?IMT
MR<F24)&4<1Z[Z3S7,>`2VUX(X)\`34[$=U9BL'$J_P`OB]B]'S8N;5Z\W0F'
MNJ*%I4-*I\9-P0>!]1C^G3]%0F]Y@XG["G]MU>E?%=O`W&7Z7;%W?$.4VS*:
MAO.7/JQ++CJ5SLXS<:#]W2>ZIHMQE7^E8^3'GMM)]VSU'ETJV[N?:&X9^'RT
M<F#/;#L6:S=QA3K)L1JM=!4A7)0'PU"K4KTG%NXUR4)K[9;'NT%#KG@_D-WH
MR#:;,Y5D.$C@/69LVO\`LZ#4O::K]AQ^2\I[I+VKLADZ3]2=NX_:9Q6<FIBN
MP%N>@'`2'&%G6`FP.HI)(T^%$Z&PZ/U.U&SR7'1Q]QE=%MMP8<7)[L6CT(\Q
M;R,;ZM@6X2%E14?9J(^A-1#B>O1L6,%*]L4JT[H]O<+9VKN/J?N63G[F!@%*
M]*%+>223';)2D,M_:*N*B2=-R>=0M3!EA7<^\[C^VWN\.XJFU.G6U]LI2N#&
M]6;:RY[]EO'VV/)`[D@5=(Z#$Z=9L+[5KQWC&N0PAUMI;B4NO7])M2@%+TBZ
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MB`SN?IN_*B)*U)9;R4,<E>1.LBWM+94FU7>PWW4K:OXK:X<R[>!%NF6Y6=O[
MPAS9#GIP7@J-,6>0;='!1[DK2DFJUWG)](RE9OIO2+T8_P#4Z#AMX[NV[BL/
M,;DSG`XF>]'4'$M1!I7J4I-TW'FTB_;WTEM-YU.U;RKUN$&G+?373M4VW5K*
M.8_`P-F8!E2YN42&&XK`)6F(T`D@`?M6";GLU4D]QD]6N.%M6+2^Z6E%P[>R
MIIMH=!A9$K=+USP(QL97#P=='/P1]-30Q,+]>2^Z\_0OB_EZRMXS%8W%Q$0\
M=&;B1D?"TTD)3X\.9[ZLD=';M1@J15$9*5)4+I((/:.-#T.9NK<`0^H.52!9
M,@M24_\`,;3J_M`U3><#UNWRY,N_7V"BAM;JTM-H+CCA"$-@7*E*-DI`[S1F
MJA%MI+:=%KEIZ;=-&/F%?-9!E*4(:<6HAR4\=10D\;(1QY?934[$=ZYK"Q5S
M:M>_Z?`P,=U`Z=[ZB(QNX(S<66K@F/,MIU'M8D#38^]*J53VGA:ZCC9<>6XD
MGP?P?]!<W5T&F,ZY.V9/S37/Y&2H)<`_<=X)5^*WC2C,#,_7GMM.O<_F,_1*
M=.9PTW;F39<C3\2\5)CO)*%AB1=2;`\QK"^(X4BS8]$E*-MVIJDH/V/ZU(YO
M[!?HN[LKCDIT,!TNQA_E/?F(M]W5I]U13<<KU*QY-^4=U="SQ=SX#</2AY>4
MF--J,%4>>%K&M+[:--])-]2E)"DCMX5-=#K(95N]AMRDOQH_'MJCQZ&[4.,V
MX<U*;TSLN$K1<<41D_PQ^,W7X6I'B4Z%A^7:YWMG[OK\BE58W@4`4`4`4`4`
M4`4`4`4`4`4`4`4`4`4`4`4`4`4`4`4!.-K]:MM9BT/,#](F+\A4XJ\=9/#R
MO"VC\5O&J\W$TF)UNS=^V7V2]GK-#NCH0RZA4W:LL:5C6F#(65(4#Q_+?XGC
M^]?QJ*<##S/U^,ONLOT/Y]O$S^C.PYV$7D,UG(QB303%C-.V\C2;*=<N+BRS
M8`@\AWU*/;HG3I6>:=Q4EL&?8ZF\W+R&\5C5\^M43$D_8Q\992G3<7'K.A3B
MOP^RD==3887^XY7O[M(_]*^;U8WU8V)!NJO5.3DY+^"P;Y:Q;1+<N4V;*D*'
M!24J')H<N'Q>'.C=3C^K]7<F[=M_;O?'Z>\HO1R.ICIWB@1;U/6<`[EO+(^J
MICL-YT:+6-&O?[V+/\PT+5B</.`_@R'&2>YUO5_\JDC7_LENMN,N#IZ_Z"7T
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M`V"@#>HU.<_X6]&ZH-?:WMW=O$L>ZFHSB</L2!^2SD1IEH;)!;QD5(]5-P;C
MU?*T#WFI?`ZG)2^RQ'12V]T5\]@X,LLL,ML,H2VRTD(;;0`E*4I%@D`<@!5C
M8I)*BV"YOW?$':6(^:=2'IKY*(,2]BXL#B2>Q";W4?\`::ANAA9^='&AS/:]
MB)5TMS&8W%U/1D\H^J3(;BR%B_P-).E(2VGDA/F_]M52U.=Z3DW+^5S3=='Z
M"Z3XJ9<&1%7\,AI;2O!:2D_TU<ZVY#FBUQ1Q\&74N?+A)4\E7I!`XDK!TZ1W
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M2]T9`!E4M*@RM?E].(R;K6;\M:DW/<D5,>)MNA8OE6W=GHW[$NWL&O8T09`R
M-XRVS\]F^,,+'F8QZ#:.TGG;6G\U=N95W4CQ-GA1YZWI?E/9W1W+XC;5C/(5
MU.ZO2IKK^&VZ^6<>W=N5D&S9;Q'!26E#X6_WAQ5V<.=&ZG)=5ZTY-V[3TWOC
MX%9V,PIC9F#:4+*3!CW'>6P?]M61T6"FK$*_VKW$B_F!A!K<V.F`6$F(6U'V
MJ9<)_H<%0]IS/[);I<C+BO<8O1':GZKN-68D(O"Q%E-WY*E+'Y8_`GS>.FH6
MTIT##Y[GF/\`&/O[?`\NM.Z_UC='Z;'7J@X?4R+<E2%?Q5?AL$>XT>TIU[,\
MR[R+\8>_?\B>D`BQXCV5)HAKVIU,W7MLH:CR/FX">!@225M@?Y:OB;]W#NJ-
MAM,/J]ZQI7FCP99-I]7-HYYQ#;ZAB\HH:`S)*0%=NEM[@E7@;'NJ5(ZK#ZO8
MO?Z9=_S%_JITMW%G,JYG<9(1+66T-_IZP&EI0V#P;7\*KDD^:WC1HPNK])N7
MI^9!U[B:[4V1D,OO&/@9T5V*I!]7((=04+1';/GYC[7!"3[35=IH<+I\YWU;
MDFN/@=1M--M-H:;2$-M@)0A(L`D"P`'=7H?0$DE1'U0D*`*`*`*`*`*`*`*`
M*`*`*`*`*`*`*`*`*`*`*`*`*`F.1Z`[5?23"F2XCAOS4AY'']U20?[55Y30
MW/UZR_Q<D:K$[(ZJ;/R<5C"3VY^'?>0AY"KEIM"E>9:V%FZ+#M;544:/&S@Y
M>-)*$N:#?;3Y%=F0XTV(]#E(#L:0A33S9N`I"QI4.%CQ!JYT4X*47%[&>.&Q
M$'#XR/C(*"W#BH]-E!)40F][7/$U"5"MJU&W%1CL0N]5LZ]AMCY!^.HHDR`F
M*RL<"DOG2HCO"-5J2V&%U:^[6/)K:]/7]#FF%"DS93$&&@N29*TLQVQVK6;)
MJK.`M6Y7)J*U;.M\'BVL3AX6,:XMPV&V0?;H2`3[SQJZ/I=BTK<%!?Q5!'Z\
M)!V*.%UB:QZ8'$E1U"P[[&JSV&JZ]&N/_P!R^)^XQJ/TUZ8KDOI2<FI/JNH/
M]Y-?`"&_!'!/@DFFQ"U%8.)5_E_Y/Y'/CKK\A];KRE/2'UE;BSQ4MQ9N3WE1
M-1L.(DY3E7:V/.W.C.\<PA+\AM&*BJXA4J_JD=S*?,/Q$4U-QB]"O7%67V+O
MV^H=X7\O>"0D?.Y66^KM])+;*?K#A^NIY3;P_7+2_*4G[/F>\C^7[:JT6CSY
MS*_:I32Q]!;%.4O+]=L/8Y>SY&C=Z.[WVY).0VGF`ZZGFW_^7<6!]E0)6TX.
MY5JAQ9B_\-?L/FLS^'T*5L/(;JGX%+^YHB(>0]1:`VE)0I2$'2%K020DJ(/(
MVM8U:-=YO<&Y=E;K=5)&:C;.,1N9S<@]0Y%R,(:KK);],*"QI2?A-QV4IK4]
M%C1\WS/Y4H;6I,@YBZIYY[,[VR"E*O'@K,**CL"6399'WG-1JF\^?]8R7=OR
MX1T7H'K^7W`N)1D\\ZDA#NF'%)^T$G6Z1W:M(]QJ8FY_7,9I2N/?HOC\"QU8
MZ<A?3C9Z,EU(R^1=1?'X2:^IN_)<@NJ](?@'G\=-46TY/IN%SY4YO\82?KKI
M\S6];-V?J^Y1BHZ]4'#W;5;DJ2K^*?P"R/'51[3%Z]F>9=Y%^,/?O^0EX7;^
M;SDGY;$PG9CH^/TQY47[5K-DI]YI4U./B7+SI!5*)B?Y?\\^E*\ID6(0/-IE
M*GUCQ)+:?HO4T9O;/ZW-_G)+V_(W8_EXQ>GCFI)5VD--@?13E[S+_P#\W;_N
M9K9_\O\`EXRQ(PV:0M]OS-^LA3"P1^RXV5V/NJ'$\9_KLXZVYZ^KYF\V5F^J
M>/W!%V[N3'JF17@HC)+(\B$)N5>L@%#G8+*LKC1-UH9N%>RX7%;NQJO[OKV8
M_;FP+.?P4S#O/NQFIC?IK>8("P+W[018VL1VCA5FJJAM\BRKL'!MJO`S($1N
M'!CPV^+<9I#*#:W!M(2.'NJ2]N"C%16Y4$GK1N1_#[/5'C++<K*."(E8X%+9
M25.D>*1I]]5D:KK>4[5BBVRT^?R.?</BG\ME8>*C)N[,=0R@#L"CYE>"4W)J
M&<5C67=N**VMG7<=AN/':8:%FVD);0/8E(L*N?3(Q25%N)-_,)&4[&P!:07)
M"I#S+2$\5*+B4V2/%2159,YS]BM\RA3;5_`W,I;/33I@&VRDY0IT(5S]2=(%
MU*[PCB?NIIL1E3:P<3_5_P"3^7P.>E*))6M14HDE:U'B23<DGVDU&PX9MMU&
M?;_33>F=0EZ'CU,Q5\4RI1]%LCVI"O.H>":&QQND7[NJ5%Q8XQ?Y>LPH`R\Q
M':/:EII;GUJ4W_14T9M8?K4M\UZJ_(_9?\O&5"3\MF8[I[$O,K0#XE*G/Z*<
MK$OUJ2_&:]5/F><0]8.GZ+N,'*85KXF@HR6DI'[*A^<T/=I[JKJBT/\`-PUJ
MN>"]/U7N*]MC*_K>%A9IR$J$[,:UI:<*5+2VHW3Y@!Y5"RA5TZG1XUWS8*;7
M+5&VJ3("@"@"@"@"@"@"@"@"@"@"@"@"@"@"@"@"@"@"@"@"@"@$S']8-@3'
MO05D?DWB;!$MM;/'[RAI^NJ\Z-;;ZOCR=.:GCVH.##[#[2'F'$NLK%T.((4E
M0]H(X&K&Q4DU5'W0D*`5=S[AV:K(C:^YT(0W,:2\PJ6D?+NW44V2Y]A:5#MM
MW&JMK8S`R<BSS>5=W\=GKXGAM7I=M7;V7=S$`./.N)M$#RPXEA*AYO2-KG5^
MT23;A11//$Z59LS<X[=W=X#C5C9B-.>9W9OF-C&2'<1M=P3,DL<4+GD%,=G_
M`)0U+5W\*IM?@:N;5^^HK\+>K_ZMR]'T$'K#G)NY-VQ-JXA"I/R2]'HM_P!Y
M+<'FOV6:1P)/+S4;U-+UJ_*_>5B&M/?]/F/_`$^Z6XK;#*)<I*)N<4+N2E"Z
M&B>:&`>0_>YGZJE(W'3NE0QU5ZSX_(>"0`238#B2:L;86<IU+V)BW"U+S4<.
MIYMM$O*!]A#0757)(PKO4;$-LEZ-?<8#'67IP\O1^KI;)Y%UIY`^DHM3G1XQ
MZQC/^7L?R&K&9C%91CU\;,9F,_MLK2L#QTDVJU3/MWH358M-=QET/0*`P<WF
M86&QCV2G%:8<?27UH25E"2H)*RE-S9-[FW94-T/*]>C;BY2V(0<KTHV/NUQ.
M9PTXQTR7/4DN0U)=:=U'4ORJOZ:S?LY=J:BE=AI[W2,?)?/!TKMIK7MV10L5
MBX.*QT?'0&@S#BH#;+8[`/:>TD\2>TU8W-JU&W%1BJ)&!N_<L;;N#?R#@]5_
M@U!BCXGY+G!II(_>5S[KFHDZ(\LK(5F#EOW+BQ7>='3GIHMQU25YE[4MQ?/U
M<C*\RCWA!_LIJ-B,"<O\/%J_S_\`)_+W(FG3?IA-W6Z<GDEN,X5*R5O<G93E
M_.$$\DW^)?MX#MM"1H.F=*ED/S)_A[SH'%8G&8F$W!QL9$6(W\#38L/$]I)[
M2>-72.SM6HVX\L51'W-R$""SZTV2U%9']X\M+:?I410F=R,%6327>+SO5'IZ
MTYZ:\]%U#V**A]*015>=<3$?4L=?S1M\5N;;V6__`&9DHTM7[#3J%*_J@ZJE
M,][63;N?C)/TFRJ3W"@"@$_<V'VAOH/861,*<EBW%>1I>A]EPIYEM0\R%`CL
ML>PU5T9KLJQ9RD[;?W1]:,#I[TGB;5G/Y&3)$^>=3<1T(T)::/,A)*O.KM-^
M7`=M$CPZ=TB./)R;YI;A_JQN!'4AC='4-M:;.XO:(4"OFE>2?MY1[?0;2"?8
MHU3:_`UC2OY%?XVO_L_E[&33JSG9FZ=Z-8'%(5*1CU&-'9;X^I)5_&5X(MIN
M>`L31O4Y_K%^61?5J&O+IZ=_;N*!L'I#B,"VU.RR49#-?%=0U,,GV-)/,C]L
M\?9:I4>)NNG='MV4I2^Z?L7@4.K&Y,.;FL-!5IFSX\57L>=0V?[1%#RG?A#\
MI)>+/*-N/;TI8;C92(^X>2&WVU'Z`HTJ1')M2=%*+]*-C0]@``%ARH`H`H`H
M`H`H`H`H`H`H`H`H`H`H`H`H`H`H`H`H`H`H`H`H#1LM;5W?A69JXK.0@2T7
M07FP5#B0H<1J2I*@0;5&C,5*UD04J*46;6!`AX^$Q!A,I8B1D!MAE'!*4)%@
M!4I&1""BE%;$>]"P4!+NOV#^:V[$RZ$W<QSVATV_N9%DF_@L(JLCG_V&QS6E
M-;8OV/ZT)5M;J#NG;2DIQ\HN0P?-`D7<9/MTB]T?A(J/`YS#ZI>L:)UCP98]
ML=8]K9YL0<D3B9SP],H=60TLJX?EOITV)OPU:34\W$ZK$ZU9O+EE]DNV\8,=
MMAG:FVYT3;$8NRE>K(8;?<N7'UCRZW%=@L!Q[*)46AFPQE8MM6EKJ_2+72#8
MDO$1I&=SC2AGIZU@AWBXTWJ)5?GYG5^8]UJB*,'I&`[:=RY_[)=O:.>Y]S8K
M;>(=RF3<T,-^5"$\5N+/PMH':H__`&\JLW0V63DPLP<Y;!&C;;W=OVT_=$AW
M#[?<\T7`1E%#JT?95(7SX^SZDU2C>TUD<>[E?==?);W17Q[>H;8>TMD;<@./
MLXV)$C1D%QZ2X@+4$(%U*4XO4KEWU=)(SXXEBS&O*DEO^IK]N[KZ?[O??@PF
M&GW64ZRQ)C!.IN^G4@+3Q`O4)IGCCY6-D-QC1TXHVV$V3M?!Y&1D,3`1#DRD
M!MXME024@ZN"+Z4W/.PJ5%(R;.':M2<H*C9NZDR0H#'R4!C(8^3`D"[$II;+
MH_=<24G^FA2[;4XN+V-4.4X61W!M7,2$09;D*=$=6P_H/E6II120M!NE0X=H
MKS2/G4;]W&N-1=&F57:?7J,YHC;FC_+KX)_4(P*FSWN-<5)\4W\*MS<3H\/]
MAC+2ZJ/BAV=V]M[<N<Q.Z6IZIK6.U*BL-NI<BZR."](OI6DD'G?@+\J4KJ;=
MX]N].-U2YN79KI_44M_[=W%N[?\`C,,]%>C[:B(+JYH_AKO8O$*%[+/E;2#Q
MYGE4/5FMZAC7,G(C!IJTM_O^148D2-#BM1(K:68S"`VRT@62E"18`"KF^A!1
M22T2$;<.^LQD,R[MC9+*).49X9#*.\8L/L(/,*6/9[K$WM1RW(U=_.G.;M6%
M62VRW1[=JACNC^%<=$[<\I_<645Q<=E+4&0?8AH'D.\TY..I-OI,&^:ZW<EW
MF1E972;;LMG%Y"/C8C[H"DLF,A5DJ-@IQ00H(!]JC4U2)NO#LM1DH)O_`$_0
M]<GTGV%DM#R,>F&\"%HDP5&.KAQX:/+Q\*."9>YTO'GJHT\-/H."4A*0E/!*
M18>`JQL4?M`%`0CKMBGL=NJ!GHBEL+FM:"^VHH6E^/PN%)L02VI/T51K4Y#]
M@MRMW8W(Z5]Z^E#QVGUSSF.T1LZW^J1!8?,)LB2D=_)#GOL>^E6BN'^P3AI=
M7,N._P"O;4K./W/@]X8>0S@LL8\EULI*V[)E,$_:]-P<"/;:WL-6K4Z2WE6\
MB#5N6OM1JY$!W8'3:0QB&G9\]AM:O6;;*EK?>/FD+2-1LB^H\^`J-B/"5MXN
M,U!.4E[WO]!K^C.QDXC$)SL]!5E\FC6@K^)J.KS)''[3GQK]P[*11X=&P/+A
MYDOSE[$.NX]R8C;N*=R>5>]&,WP`'%:UGDA"?M*/_;A4MT-ID9$+,>:;T$9B
M+U#WT/F94E>UMMN\6(K'_P">?;/)2U\-`4/_`+CSJNK[C61CD96K?E6^"_)]
MNR-DUTGZ:XJ*Y*G0TOI:25OS9[JEV`YJ65%*!]%.1'LNEXUM5DO2WV1YP^G_
M`$BW%"4]BX41]E)T%^&XI*D*]AT*%CXBBC%D1P<2]'[4FNYC!M':+&V8\F-'
MG2YD9YP+9:EN>H&4@6T-\!87XU9*AE8N(K*:3;7?N-]4F6%`%`%`%`%`%`%`
M%`%`%`%`%`%`%`%`%`%`%`%`%`%`%`%`:[`X3'[?PL?&0[IB1$&RW#=1N2I:
MU'@+E1)-0D>-BQ&S!0CL0K=/>H(W1F\_'U#Y>,ZA>,3:Q,:WIE7O6C5^*HBZ
MF!T_J*OSFMR>GAV]X]58VIYN28S3C;3KJ$./'2TA2@%+(%[)!Y^ZA#DEHQ(Z
MN[HQ>)VXYC<A$?DC,-.L,J:TA"%)`(*E*/`@D*'#LJLF:KK&7"U:<9)OG3.<
M!>W'GVT.!'OH]M(9W=*9<A&K'8G3(>!%TK>)_)1](UGP[ZC:S=]#PO-N\S_&
M'OW#CU)ZM9;";L:QV$4TMF`C_P`Q;=3J2ZZY97IZAYDZ$VXI/,\>52V]QM.I
M]9E9O*,-D=IO]I]9]L9HHC3S^DY!7`-OJ'HK/[CW!/N5:BD9N'UJS>T?V2[_
M`)FXRVR8^9W7C\YD)9DP,<V3#Q92/2#Y((?*K^;AV$=@HXU=3*NX:N78SDZQ
MCLCW\3YZF1MQR=G36=OESY]11J2R=+JF=0]1+9X>8I]G,<*2V$=2C=E9:M_D
M)G3#`9Y6U,[!W87XF#EH#;")BRAQL%*@ZXGU#=">*;7X7J$C6=+Q[ODSC?JH
M/CNX[3<=-NF.)V_.<S;&5&74ZVIF(ZV$I:2A1!4;H4L*4=-N=NZI2,CIG2X6
M).:ESUV=M38[^W^UMK(X."E2?4GRD?.7%_3AZM"U]Q*E"W@:-T/?/Z@K$H1_
MNEK_`-(YU8V84!XR9C$>&],62IAAM3JRV-9*4`DZ0F]SPY"A64U&+EN1RWOS
M,X?-[IF97$(<;B2]"R'DA"BX$A*U!()L%6!XU1'SSJ=^W=O.4*T9H4-N..);
M:07'7%!#;:>)4I1LE([R:,P8Q<G1'1!$;IGTR.D(.1".?"SL]\<S[0D_V4U.
MQ'=Z8.)_J]\G\O<C1;2Z\Q'0W%W,Q\L[P2<A'!4T3RNMOBM'X;CPHI<3#P_V
M&$M+JY7QW%$R3KV=VU)_Z:R;+;\IHIB9!'YJ$$\SY#P-O>#4O5:&[N-W;;\N
M2UV/MV1\;.VGC]KX-G&Q`%+`URY!^)YXCSK4?'E[!1*A&)BQL045Z>]DFR63
MZI#JBIAE4T#YT)CQTA?R9AZQ8D6]/1Z?%2CQOWU1MU.=N7,S_+HN:G-_VT_I
MVJ,F_.CZMR[I5DXN4;C?,H;$UAQ!6M(;2$:VP".:1R/;4N-3.S^C*_>YU*E=
MI14"%AL.D..:(6.C@*=6;V:91\2C]U-7-RN6W#_3%>Q&GZ?[O3NO`?J?IAEQ
M+[S+C(^R$KNW?O+2DD]]1%U,?`S%D6^?O:[>@9*DS0H"4]=LUMQS#C"O/J_7
M&7&I<5E+:B`DDH.I=M("D%7;S%5DSGNOWK7E\C?W[40NAQA3^A>T_P!0SKNX
M)"3\MB_RXQY!4EQ/'Q"$'CWJ%0EJ='^O8?--W7LCL\>WP&;.=<6<5N^7C?DA
M+P\508<D-*L]ZR?XI2%>124GRVX<N=3S&PR.O1MWW"E8+?OKO'W;F[]N[CC^
MMB9B'U`7<8/E>1]]L^8>/*I3J;C&R[=Y5@Z^\T<G960S.^3F-P.-2,-C4I_0
M\>@DI]17%;KR5"VH$?T>SC'+5F-+#E<O\]RCA'\5\S$ZR[AW'A-NQWL*I3`>
M?].7,;2%*:1I)3:X(3J5PU?^VDF>76<B[:M5M\=6:C`1=S]0.E<F'DWRW,6_
M:%-=3I#[;*D+27`D"Z=5TZ@.R_&HVHQL>-W,Q'&;I)O1\3:])^GF5VHB?(R;
M[:I$[TTB.P2I"4M:O,I1";J.KV<!4I'OTCILL92<GK+@4&K&Y"@"@"@"@"@"
M@"@"@"@"@"@"@"@"@"@"@"@"@"@"@"@"@"@"@)QUCW/^A;3;P\9TF?DT_+A9
M/G$=``><)]JAY??W561I.M9?DV.1/[I:>C>1K9.[)&U<ZG*LL_,)#3C+L;5H
M"TK'"ZK*MI6E)Y5!RG3\UX]SGI70Z%VIN!S>&RQ-0OY*9*;>8=+"C=AX:D70
M3QN."A5DZH[C%R/\FQS+[6ZKP[;3F]G*9;&;D9R,QUQ[)XR4%.K>4I:RME=G
M$DJ)/&Q%4H<,K]RW?4I-N47[B]]6<8SG^GKTV+^:J*EO(Q5`<2A(NOZ6EJ-6
MEL.PZO:5[&;6[[EV\#G'B>0*B>``XDD\@*BIP2570Z)PL>-TWZ9KERD`Y#1\
MQ(0>;DMZP;:\$^5/@":G8CN[$5A8M7^6WTO=V\3GJ3)D2I+LJ2LNR9"U.ON'
MFI:SJ4?>34(X:Y-SDY/:S]BQ),R0B+%87)DNFS;#22M:O!(N:-DV[<IND55E
M0QT;J;T_VS^M/RD""AUI'Z%()?`0X;:M0/Y7&W!!\:C5'2VHY6'9YY/[?[7K
M_0>-I]9=K9LHCS%?I.058>E(4/24K]Q[@GW*L:MS&UP^M6;VC^V7?\S.ZH[7
MRFYMJ*@8MQ/S"7FWPTM6E#R47\A5R[=0OPN*254>W5,6=^SRP>M:^)K>E&T\
MKM#`Y%S.NH8#SGS!CI6%H90VBREJ4/+=5KFW8!2*H8_2<2>-;EYC[_#M\"'[
MRW&]N7<4W+.7#;ZM$5!YH81P;3XV\Q[R:C:<CGY;OWG/=N\"S]-^JR,_/B8"
M1%4S);A`JEJ6#ZS[(2%Z4`<`1=7.I3.JZ9U=7Y*VUKR[>+7:HL==I>XX6<C-
MHR,A&'G,7;BMK+;8<:.EP'1;5<*2>-0]I@?L%R[":I)\DD-'0G-B=M%W%N'4
M[BGE-A)_P7KN(^LJ'NJ8FPZ!D<]CE>V+]C[,BV\,(<'NC)XNQ2W'?46+_P""
MYYV_["A4')Y^/Y5Z4.#]FX<.B&T_U3<2LS)1>%B+%J_)4I0\G_=I\WCIHMIM
M.@8?/<\Q[(^_Z?(^.MFZ_P!6W*,3'7>#A[MJMR5)5_$/X!9'CJJ7M(Z]F>9=
M\M?C#W[_`)$ZH:`<NG.%Z@R)Z96UE.PV5*`>FK.F(0#QUI4"EVWL"2?"J^!N
M>EV,IRK:K%<=WU*)A.ML9C(/XC=3`BRHKRX[F0CA2F%*;44%2FS=:+VOPO[J
ME2XF\L=<BINW=5))TJMA38.0@SXJ)4&0W)C."Z'FE!:3[Q5S>0N1FJQ=41/'
M]/.H374U.2<"PTB<9+N7]1.A<<KN4VU:O,CR:+?57G1U.7M].R5E\^[FK7N[
M;O@;SKSNOY7&,;<C+L_D/SIMCQ$=!\J3_P`18^A)JTN!D_L&9R05M;9;?#M[
MA&Z9]1H^SV\FB7'=E,2@AQAIG3?UD7!N5$`!23S[JBM#4=(ZG'&4E)-I["U;
MNRF4<V)*R^W7_3E?*IF1G-*5DM6#BK!0(N6[VJSV'5Y=V3QW.V]>6J\/Z$8Z
M=;XS(W_CY&5R#\MN<3#=+SA4D!ZWIV2?*FS@3R%56TY;IG4;CR5SR;YM/7]1
MM_F#P>J-C,ZVGBTI4.0K]USSM?0I*A[ZF1L?V/'K&-Q;M/E\2,QX\B3(:C1D
M%V0^M+3+8YJ6LZ4I'B34,Y.W!SDHK:SH3+OQ^FW3-$6*M)R.CT&%C^\F/7*W
M?!/F5Q[`!4[$=S>DL'$HORV?]SW]O`YXXGB25$\2H\22>9-0CA&ZNI[0G)K<
MUE<!3J)P5_IU1RH/:OW-'F^BCH>MES4ER5YNXLD#J+OG:<+'JWO`^8ASBI+#
MJ2E,U`;"22Z@60K@K@+A7MHFT=9#J5_'C'_(CI+U^DH^W]U[<W)%+F+EMR1;
M\Y@\'$7[%MJLH?1:K)U-UCY5J\JP=1.ZV8[=<O#0$8)M]V&VXOY^/$U>H1I'
MI$I1YE(3YK@=U1(UG6[=Z5M>56F^GL^)O.EL7<D79T5G<!<$P+7Z2'R5/(8O
M^6EPFYN._D+"D=AF=+C=C92N_E[:#;5C8!0!0!0!0!0!0!0!0!0!0!0!0!0!
M0!0!0!0!0!0!0!0!0!0!0$\D,]-.IK0*7O\`S-E)0A0/HS&T@DVT*^-%^/(B
MJZ,TTHXN<MOW>J1-MV=&MT837(@C]7@)N=;";/I'[[/&_BB_A4:HT&9T*[;U
MA]\?;ZAC_E]SA1(RN!=-M6F8P@\"%)LV\+'M^"D69_ZY>:YK3\?@_@*_67!_
MI>^9+R$V8R:$S&_9K/D=']=.KWTWFMZ[C^7?;6R6I4NCV6:S6P6X$FSBH)7`
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MXU]RV$PW7T&F,ZY6V9'S+7Q"!(4`X.YMWX5?BMXU%&<]F?KS_*T_0R?8B3DM
MJ;L@RIL=V))@/H6^PZDH46B=+G/F"A1XCA5:FEQW/&OQ<DTXLM?6[#(R>R?U
M%D!;F,<1)0L<;LK\CENZR@KW5:1UG7+'F8_,OXZ^CMJ3GHEG/T[>J8;BM+&5
M:5'-^7JH_,;/U*3[ZA;30]`R.2_RO9)=NW>;OK[M]S]9Q64BME;L]/R2FT_$
MIY!NU[U!9'NI+0S?V'%;G&2_EH-[RH_33IB$HTJR(1I2>QV<_P`2>\)Y_=34
M[$;.36#B?ZO_`"?R]R(EMO9VY]T25?IL93Z2HE^<Z=+(43=14X>:K\;)N:JN
MXY+&P+V3*L5Z663:71#;V+T2<RK]6FIL?36-,9)[F_M_C^BK<O$ZG#Z%:M:S
M^^7L*.VVVVVEMM(0V@`)0D```<@`*L;M*AS#U2@F%O\`S+=K!UU,A/@\A*S_
M`&B:IO/G_6+?+DR]?KU-/@MQYS`R?F<1,<B+)NM"3=M=OVVS=*O>*4,7&S+M
MEU@Z'2.S]S9"9LMG/[C0S`NVI]:TE01Z">*75!5].I(U6N>%2GIJ=[AY,IV%
M<N4CI7T<19WCTNQ&\W%;APN5`F24ILX5>O%<"$A*0-/F;L/V?HI3>C`SNE6\
MK_<A+[GZ41K<>T=Q;<?]++PUL()LW)'G87]UP>7W&Q[JBO$Y3*P+MA_>M..X
MN'17,-Y78XQ[]G',:M<1Q"N-VE>=N_=I5I]U3$Z_HE_S,?E?\=.WN(3N'%/X
M+<,_&I)2Y`D*2POD=*3J:7_5TFJT..RK3LWG'^UG0^4;;WOTQ6MH`NY"$E]H
M6^&2V`L)'@ZC35]J.XNI96+WRC[?ZDVZ$[4_4,R[N&2W_I<;^7%U#@J2M/$_
M\M!^E0]E56IH?U_#YINZ]D=GCV^!K.L.ZE9[=A@127(6+)C,(1=7J2"?SE)`
MY\0$#P[Z-F/UO*=Z]R1U4=/3O,K:?1+<>6").75^D0CQT*&J2H=S?)'XN/=2
MC9Z8?0+D];GVKVEEVQL;;.VFM.+AI2^19R6YYWU^+AX^X6'=5DJ'4XN#:L*D
M%Z=XH]?8(>VC%E@>:),1<_NNI4@_7IJ)&L_8;=;"?"1!HLJ5$DMRHCRX\EHW
M;?:44+2>Y2;&HH<9;N2@ZQ=&6?I1U,W5F\LW@\@PB>VEI3CF1'Y;C2$``%P`
M:5W40G@`>-2FSK.C]5NWI^7)<W>5ZK'2A0!0!0!0!0!0!0!0!0!0!0!0!0!0
M!0!0!0!0!0!0!0!0!0!0!0''`6MMX.-J4AQ"KH<02E22.T*'$51H^6J3BZHH
MNU.M^X\7HCYA/ZO#'#U%$(DI'W_A7^+CWTJT;[#Z_<AI<^Y>TI^W<ET]W3E6
M,[BBVG.1@K4+>A*TK24J2ZCAZB;=O$>PU*HSHL>[C7Y*Y"G.O0_3Q%[KKM[-
MY6+C9&-QRY;<+U52'FK*<2E83Y0V/,I/EN2.5)&#U_%N78Q<(UY:D;PVXL_A
M7'OTB:]#<?LV\AKFLC@`4D'S"_#A>JU.5Q\F[9;4&XU+YA8:MA]/@I;?S.=E
M$+6T3=<C(RR$MM7)N?,4I)]@)JRT1VMB'^+CZZW'[9/<;/9.P\?MUA4EZTS/
MRR7,CDUBZUNN'4L(O\*-1Y=O;2,:'OAX,;*J];CVL9GGF6&EO/+2VRVDK<<6
M0E*4I%R23P``JQFMI*K)I"ZMJSV_<=@\&V!B%..?,3%INM\-M+5^6D_`BXYG
MB>ZJ\U6:.'5_-R8VK?X[WZ"CSXJ9<&1$7\$AI;2O!:2D_P!-6-U<AS1<>*./
M2VII2FE\%MDH4.])L?Z*HCYA---IEPZ(;<8Q>"E[KR%FC*0H,.+X!N(SQ6O\
M:DW\$BICQ.OZ#BJU:=Z6E?<NWL)-O#<;VY-Q3<LZ"&WU:8S2OL,(X-I^CB>\
MFHVG-9^4[]US]7@;+:G4O=>VRAJ-)^:@)_\`H9)*VP/W%?$CW&W=389&'U>]
M8TKS1X,JD'?G3C?D5.-S\9N-+7P1'F6`U'_`D#3Q]Z3W5-4]ITEKJ&+EKEFJ
M/@_@_P"@Z2L2U&VD_B6FW,@TW"7&:96I)<=2&RA*"M6E-R.%S4FSG92LN"7,
MN6GCH<KN,97#9!"'VWH&2B*2M(6"VZA:#=*DW[QP(JB/G<XW+,]4XR16.F"]
MQ;VW(C.[ADF7#P`TPTE"4-_-.#F$H"05)3YB?;IJ5JSI>DRNY5SS+KK&&SQ[
M?`:,A@6-][I6Y.)7MG;[BHS4<$I$J=P]<J(L?3:X-]ZM7&UZ4J^XV5RPLJ[]
MW_KMZ>,M_H6P?(T:/%81'C-(88:&EMIM(2A('8$C@*N;2,5%42HA6W[U&Q&T
MHP0X/FLJ\G5&@(-C;EK<5QT([^WLJ&Z&!G]2MXRUUEN1M-FY:9F-K8W*30A,
MJ8PEYU+8*4`JXV2"2;>^B=49&'==RU&4MK1&>OD$,[OBRP.$N&G4?WFEJ2?[
M*A4/:<K^QVZ7E+C$4=D;8<W+N:'B@#\NI7JS5C[,=NQ7Q[-7!([S4&LZ=B._
M>4=V_P`"G==MSMQ,=$VI!(;]=*7IB$<`EALV:;L.Q2DWM[$]]3+@=#^P9:A!
M68[]OAN)1@-S9[;\GYC$3'(JB;N-CS-+^^VJZ5?1>HH<UC9MVRZP="M;<ZX8
M7),_I^[(:(_JC0Y(2GU8J_\`B-JU*1_:%3S<3IL7KUNXN6\J5]7;UCIM/:>V
ML7-D9?;;VG'Y)M(<C,K#D92D&Z7&SQ*2-2A8&W'E1(VV+BVH2<[3^V7#9XDD
MZ[05-;P3-1%>:8>CM(=EJ00RX\FXLA?*X1I!J'M.9_8;3\[F2=*;>_\`I0T6
MV]^[TQ^,&V\,\"W,7Z45!1J=0M]5B&E7\NI2NT&W.CJ8F'U*_&/DPW[..O`M
M+T1S9FQH.`PH#N;EVA0/WY;P*G7U<+Z6QJ<)/("U3L6AUCA_CV%;A^;T7B]K
M]&TRMD=-L#M:.AQM`EY8C\_).B[A)^(-@WT)\./M)HHT+X73K=A::SXC3(D,
M1F')$AQ++#22MUU9"4I2D7)43P`%6,^4E%5>B$[:O4N%N?=4S%8QDG'0XQ>$
MU=TJ=7ZB4>1%N"+'F>)]E54JFLQ>IQOWG"'XI;?49752#\[L#,MA-U-L^NGN
M+"@Y_0FIEL/3JMOGQIKNKZM3F"XM?LJ#YV=$=%=J?H^V!D9"-,_+Z7U7'%+`
M'Y*/>#K]](H[OHF'Y5GF?Y3U]&XH56-R%`%`%`%`%`%`%`%`%`%`%`%`%`%`
M%`%`%`%`%`%`%`%`%`%`%`<<);<=?])I"G'5GRMH!4H^"1<FJ5/EJ@Y.B51C
M@]-=^3DA3.%D)2KB%/:6.![G5)/U4,^WTG)GL@_3I[S+5TIZD1%)D-XMQ+C9
MU(6P^UZB2.U)2O4/=1H]ET?+AJH^IKYC)ANJ^^-KN(A[MQ[\F*+)#LA!9D@=
MSA`0[[^/?4<S1L;'5LBP^6_%M>WZ]M2@8F)T[WO(C[CA1D.SH+R5J=T*9=2Z
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M(3^-0"?`*JTN!N^N9*LV5:CI7_ZKM[R&4.-,B%C\A/<].!%>EN<M+#:W#_9!
MJ*GK;L3G^*;\#<#I[OE:;_H,PI/86[?43>GH,I=+R/[)>HWF$W;U*V2$M28D
MHXU'_P!)/:<+0'^6[:Z/<;=U16AG8^9EXNDHOD[U[BB8W>_3GJ#';QN9C-L3
MG/*U&E6!UGA_IY";<?`A7=4U3-Y:SL;,7)-4EP?P?]!C&!<VILJ7`VI&5(F,
MMNKAMN+3K<><).I:B$A13?MY@6J:46AFK'\BRXV5KN\>WR,[9F(.(VKB\>L*
M2\S'09&KXB\X-;Q5WEQ2B:E*B/7#M>7:C'?37QW^T_-X[E8VWMV7EW4A:F4Z
M6&2;>H\LZ6T>]1X]U&Z$9F2K%IS>[WG+&3R.0RDZ1/FNF1.E**W7#S4H\``.
MP#DD#D*H?.[MZ5V;E+5LZPVWCCC=OXW'J%E18K+*Q^\A`"OKKT1]'QK?);C'
MA%(E_P#,1$28N$F`<4.OLJ5W+2E0_P!RJR-!^R0K&$O'X&PZ0X2+MK9LK=&4
M_*<FMF2I:AQ1#:!+8%^U?%??<47$]^C8ZQ[#NS_EKZ/K\B+[ASDO.YN9EY7!
MZ8X5A'/0@<&VQ]Q``J$<EEY#O7'-[S7$@<S:ACT,Z)@\Y,2%1,;+D)/)33#B
MQ](3:E3WABW9?C&3]!ML2]O_`&H^9,&//QPO=Q"V'?17;]M"DZ#X\ZC89EB6
M5CNL5*/H=/:4K;O6_`99@XW=D-$?U!H=>"?6BK_XB#J4CWW'?4\W$WV-URW<
M7+>5*^KMZQDP'339$?/1]SX56IE*5EAAIP.Q@M8L'$?$00">%[<:E11GV.FX
MZN*[;^ADPV,GD.I,R9-B.,X[#PTQ\2MQ/D<<DJU/O(/$7LV$>'C1;3TC&4\E
MRDOMA&D?3M?P&^K&P()UJWT_D<JYMN$X4XV`H";I-O6D#B4J_=:]G[7@*H]3
MCNN]1<I>5%_:MO>_I[_0;#^7G'K5,S61(\B$,QDGVJ45.*^BR:E;3V_6K?YR
M\$6#+Q!,Q4V(1<2&'6B/OH*?]M6.GO0YH./%,YDZ=;45N7=$3'.))AL_GY`_
MY+9%T_C59/OKS7`X'IF'Y]])_BM7X'4J4I2D)2`$@6`'``"O0^A'[0!0!0!0
M!0!0!0!0!0!0!0!0!0!0!0!0!0!0!0!0!0!0!0!0!0!0&IP&U-O8!CT<5";C
MW^-T#4ZL^U;BKJ/TU"5#'Q\6W95(*AMJDR`H#SD1HTEE3$EI#[*Q9;3B0M)'
M>E5P:%914E1JJ,7#8+$86(J'BHJ(D93BG2TW?3K7\1XWJ$J%+-B%M4@J(SJD
M]0H"!=2^FF\5;CGYF)&.2B3WM:!&NIUL$!*4K;/'A;FFX\*HZHX_JO2K\KKN
M17,I/<4SI?L=6U,"42M)RLY0>G%)N$V%D-`]H0.WVDU9(WO2L#_'MT?Y/;\A
MP6M*$E:R$H2"5*)L`!S)-2;)NA.^G4&'ZNX-^R[--99]YR&XOAHQ[2B0X?9Z
MFC5X`52/$U'3[<4YY$M.9NG_`$KM[".9B;F-\;Q?D0XZY$J>YIAQD\T,(X-@
MGDD)3Q43PO>HJ<ID2N9E]\JJWL\"K[/Z&X:"VW*W$1DII`)BI)$9L^RW`N>*
MN'=5N7B=)A=!MVU6Y]TO9]2F18D2(REB*RW'93\+320A(\$I`%6-[&"BJ)41
MZT+`0%`@BX/`@\K4`O.=/]HJSD;-IQK360BK+B%M#0E2[$!2T)LE13>X-KWJ
M.5&&\"SYBN<JYD,-29@4`A]8=KY_<.WH\?#H2\J-(^8>CE6A2PE"DC1?RD@J
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M1B9&#9O+[XKQWF;MW`8_`8>-B<>DIBQDD)*K%:B25*4L@"ZE$W-$J'KCV(VH
M*$=B-C4GL!O;ASH#E/.[2W=#S9BY#'/F?.?46-`]1+RW%%7D<3Y3S]W;7G6A
M\[R<&^KM)1?-)^LZ'Z>;3&U]L1\<LA4Q9+\Y:>1><MJ`/L2`$CPJZ1VW3L3_
M`![2AOVOQ-[D9T>!CY,Z0H(8BM+>=4>`"6TE1^H5)EW)J$7)[$(_1C:IQ&V?
MU.2WHR&9(DK!YH8-RRCZ%:CXU6*T-5T;$\JUS/\`*>OHW?,H%6-P%`%`%`%`
M%`%`%`%`%`%`%`%`%`%`%`%`%`%`%`%`%`%`%`%`%`%`:_-*SZ8A&$:BN2SP
M"ICCB&T]]FT+*O"X\:AGC>=RGV4KWU^")7E6>IY>4K.R\VE%_*W@(T935NY8
M?2Y_635'4T5Q95?]QW/^Q+X2KZT:UAK*%=L;)WRA_P"TIQAM:;]X6\@?74:]
MYX04OXO(KWKZE`V"CJ,EYP;C>#N,#?\`IE26FFIA7<6U!AQU`3:_,DU>-=YM
M\!9-?]Q_;WI<WL;^8[58V84!I-[>D=IY7U"\/].OTC%"B^'?[KT@@A6OU--J
MA[#&S/\`U2V[-VVN[VB]T]5U33#:_P"HFX[L8@`&2LMS4CVD-(<0KP5I5[:B
M-3"Z>\NG^[2G?^7;VCY5C;"3U9_7#MAU,,%.()!SKK%U2Q#N/5#+9TI/DOJ.
MOEV56>PUO5/,\O[?P_EQIOI_4P.JQE?^F8&WPC]'T,>NIHFX@V&@-BWP_#JX
M_#26PQ^K<W^+_M?AI_\`CW=MAB]#!M(85\8U2EYRX_5%/I2EVWV0V`I7Y(Y#
MCQ/.QX4B>?0?)\O[/S_E7;_0I]6-\*6Z5=35ZQM]O',L@V2M2UNR2/:$.):9
M3X%1\:JZFORGE?\`ZU&GM]R0CNQNJ>L_-Y#/A[M$6%CRU[B)8JKKWFLY<K^4
MKE>Z,?A,VN";ZT(>1I?1(B=HS++#"K>,1U]SZ:E5/>PLU/;6/^M)?_5ME-8]
M8LM^N$A_2/5""2@+MYM)(!M?E>KF[C6FNT^Z$A0"')_]11OB:K!A*\#I:]5O
M)DHCE[1YQ&6C6\!RN=.G5>JZU-5+_)\]^7_Z_P#5LK_IW_6H\LEXM(+Z$H>(
M\Z$**T@^P**4$_U15C:1K37:?2RL(44`*78Z4J.D$]@)`-OHH&(NP?F/^IMS
M'-__`/4EQHNI'\%,'2?EA%4?,IN^K42`=7,7JD=KXFLP:^;<\S_V^SEW4[<*
MZDM=&-/528=^J6E/S7YB$#5'-[>@'%J*5>@&]/'3Q[;"]1XG.OD_S7_D\?1W
M>BGL.BVO2])'HZ?2TCT]%M.FW#3;A:U>AVJI338>.07D4QE''M,O2?L)D.*:
M;\2I"'3]5"MQRI]J3??I\&(&71UM6^KT'83#%N'Z>VV\?_\`<6SQJKJ:B]_G
M5TY:?Z:?^5#$AM=<DN`IDH=3?B)T>&VGZ8[SB_JJ/N/*"S^/_P"2C_XME`P2
M]REA0SS4-#XMH7!<=6A0[;I=0@I_K&K*IN+#NT_W.6O^FOQ1LJD]PH!?WN-R
M'$M?]-J6G+?,->E8-EK3<^IZ_J$#T]-^7FO:U0Z[C$S?-Y%Y7YU]'I[C8X=>
M<5$2,TU%;F#A>&XXXVH^T!Q"%)\+GQHCVLNY3[TJ]WU1GU)ZB/U4^;.-A"5Y
M=K?-,G<"VKJ?+&L624^4!G7;U%!6JW9:]4G[#6=3KRJO_JJN;C3Y>T=T:=(T
M6T6&FW*W9:KFS1^T`4`4`4`4`4`4`4`4`4`4`4`4`4`4`4`4`4`4`4`4`4`4
)`4`4`4`4!__9
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>c46569002.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 c46569002.jpg
M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````4```_^X`#D%D
M;V)E`&3``````?_;`(0``@("`@("`@("`@,"`@(#!`,"`@,$!00$!`0$!08%
M!04%!04&!@<'"`<'!@D)"@H)"0P,#`P,#`P,#`P,#`P,#`$#`P,%!`4)!@8)
M#0L)"PT/#@X.#@\/#`P,#`P/#PP,#`P,#`\,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,#`P,#`P,_\``$0@`P@&0`P$1``(1`0,1`?_$`*@``0`!!`,!````````
M```````!!08'"`($"0,!`0$!`0`````````````````!`@,0``$#`P(#!0,%
M"0L%"1$```$"`P0`!081!R$Q$D%1(A,(87$4@9$R(Q6AL4)2<C,U%@G!T6*"
M4V.3)#0V%_!S5"4X\9*R0X/39"<WHL+2LT1TI+34155UA94F5A@1`0$!``,!
M`0`````````````!$2$"$C%!_]H`#`,!``(1`Q$`/P#W\H%`H%`H%`H%`H%`
MH%`H%`H%`H%`H%`H%`H%!J1N5:+5G_J-V_VVW`_KF`,89<\GL>*ONEN#>[\Q
M.8C+3*9!`D_!1G/,2TK5/UA64GIX!;*KE:=MKRO:'8#*(T2X9GFSEIGHO#CE
MRLN%RD6<W23$@1U*1JX^VA*VXOF]"5K4=$CPT%+8WLWER#(<=VPM-PQFS98U
M=\QQ[+<V,!Z7!=7C4:)*8FP(?GH/4X)(0\TMPA"^K0G04%IP?4MO1#P:WYO?
MV\7D*W`VLR3-<5L]OC2&V[/<<<;9*6GGG'5*E,R@\%*\*"A0T&J:#OY7O+ZB
M<38SR3*ON%S4X#A]GW(EL-VJ2GXJ-<%/-/6-!,D]*$F.M291\?%(*--:#)=X
MWRR^!CNY%T0NT-R<9W=LV#V-+K9`5;[A(M3;B'`7!UO=$QSI(]ATX4%LV+>;
M>&3.LF47J7CDC!KONK>MLU8K&@NHFF*U-F1H=Q,Q3Q2'4?#@.-!OH4G4Z]5%
MBT-JMV]V,QP^)%P.5@.WT;;/%;1?<B@76*XS;+FY=W);B8S3B7D_`1FVF-"]
MHL^:3PZ011%XY)O[GUNW%@.V*XVJ_8&YN#:<`EVB)9Y2HS2[BXW'?=<OSCJ&
MU2X[JS]2RRM&@"2KJ)(##N+[KYSMMBUJRG,YT+=.XVG)-WID*YRXI9FQV+%Y
M_E18SWFN>4VMQ.BSQ"6O"!X:+65\QWGWOVRM>06N]73#\SRJ=B4+,<4N<**]
M#A1%/7F!;)$"4T'G5NL*$T%A\%*E=*P4ZBB,W;6Y?GC^XFY^VF?S[5?IV&1K
M/=[3D5JB+@!<6]B21$=CK=>\4=48A+@5XDD:@*UH-A*!0*!0*!0*!0*!0*!0
M*!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*!08_P`ZVPP?<R!"MN=8[&OS
M%LD_&VEY2G&),.3TE'G19+"VWF5E)T)0L:C@>%!13L7M/^I;>WK>#VZ/B3,W
M[39ML<.,N(N'45_')E-K$@2.HD^=YGF?PJ"HV;:+;G'TXM]CXE"MRL+8N$?&
M5L^9U14W8)$\]162M<CI!<6O52CQ)UH.B[L?M4]9[/C[F%PE6:P6.X8W9H'4
M[T1[5=`A,V*GQZ]#P;2%:G7AP-!4;MM3MY?&[^U=<6B3DY38X^-7]+A<'Q-I
MB%PLQ5Z*'A07%$::'CSH*'=-A=H[UD;V6W/!8,R_2),&<]+6MX(7,MA0J'++
M`<#1D->4@)=Z.O0!/5I05YK:[`6+?$MK>+Q40;=D3N60XX+G2W>GG7'W)J=5
M?34X\M7=XCPH+4E^G/92:UC<>3M[;7&,3C(AV:*2\&Q%:>,EN,^A+@3(90\H
MN);>"TA7$"@[4_T^[/7.[7&^3<'B/7.ZSV;K+>2]);0+@PM#B)K+*'4MLO\`
M4A)+K:4K5IXB:"J0=F-L;=<'KG%PZ"F4_<;K=G`OS'&?B[XR(]S<#"UJ;`E-
M\'$A/2>)TU)-!1[1Z>MG;#:KU9+7@L)FVY"F(B[LN.2'U.-0'A(AL)<==6MM
MEAU(4VT@A">Q-!D6)B6/P,CO>6Q+6RQDF1QH<.]W9'5YDEB!YGPS:P21HWYR
M]-`.=!<E`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`
MH%`H%`H%`H-5_5M&RQ.VD:]8WG4_$HEDO]B<OELMS+17=F'KQ!:^&7*/UL='
M$]1:(*@>D\*"S?4CM=@V79?A^.0[?/:W,W<F_`N9%'O%TB_9=CM+(>N5P:CQ
MY;;(<;9*6FO!Q<<23KI0<LBP;<3"-THV86N[)>L3*H\'%Y;]TE*=<A?9XA,X
MXY;'"65(1(!G.3%*\SI2KMH,W[/Y_AN4VERQ8S=KA=)=B99?ES;I%D17;DQ,
M4X6[K&^(2DO193B'/*<1X>!`X`4&::!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*
M!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*!06WE>)X_FMD?Q[)[>BYV:0]
M&D/PEJ4A*G(;[<EA6J"DCH=:2KGV<>%!;.-Q\*SF\P=U;=;5R;M`AW#';-?G
MPM'5!,M/Q)805%!;==CI(7IJH)''2@O*79+7-N-NNDN*)$RTI?3;UK)*6_B4
M]#I".1*DCIU(Y$CMH+5PG;+!]NUW9S$;&FUKO3B5SE^:\^0AKJ\J.R7EK\IA
MOJ5Y;2-$)U/2D:T&0J!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*
M!0*!0*!0*!0*"-?N4$T$:COH)U'?0-:!0*!0*#%.[-VN<>P1<6QYY;.4;@2Q
M8;,^@:KC(>2I<R8-.0C1DN+!_&Z:#(-CL]OQZSVNQ6I@1;99HK,*!'`X(980
M$('S"@JFHH)H(U'?030*!0*!0*!00K70Z<Z#4K/<US;)=Q<^P_'MPF-H<$V>
MLENNV?9NF#'N%PDS+HAV2S'91+2XRS'889"W5E"E+*PA.FA-`P;?Z:K;:/>I
MKT3>N^(OTRQ1KS@`;;B2FXR`^W+G_&NL,6Y99(\Q#CO3UZ!LGJ`H.ROU9X-)
ML^'S\>QO(<HN^7MW1YG%83<1$Z.FQR!$N2%%^2TT\ZT\>E+3#BUN<T`CC0QL
MW;)S5T@0+DRV\RS<([<EIJ2VIEY"74!82ZVL!2%`'0I(U!X&@J5`H%`H%`H%
M`H%`H%`H%`H%`H%`H%`H(ZA01U`G0<>&M!T+E=[79V#*N]RBVN*GZ4F8\VPV
M/>IQ2108DN_J+V8L[CK#F=P;G*9.AB6A+MR<)'8!$0Z#\]!9,WU3XKJ/L/"L
MLO:5@],DPVX#)(Y:JF/-*`/?TU<36#-X/6UGFW&&W/,K-L-^L,"SE"KFP;^R
M7XS"N"I*VF([A+:#]/I42.?*F+'GQ??VOF^4]+B<<VPPNPH606),I^=/6$GO
M"5,I-1OPQ/=_VH/J\N8=3%R#%["AP:)3!LB%J1[ER''#1?,8VN'KZ]8=R;4V
M]O?/BI5QU@VZWQE?(I+!-#(LR?ZO?5/<T*1+]0&:=*AH0S.2QP]A:;21\E#(
MMISU(>HMU*DN[^;@+ZN?^O90^\H4,CXCU#^H/C_U[Y\.X?;TS_PZ&1!]0WJ#
MUU_QWS__`._3/^<H9'(>HCU!"X0[M_CEG"[G;DN-V^>Y>'W'&4/=/FH1UD@!
M?2.KOTH9%]0O6AZL8!3Y&_\`EBDHT*4ONL/CAW^:RK6AD7[:_P!HKZQ;6\V]
M_BPU=$MC3X>X6>`XA7M44-H)H9&5++^U=]4EM6T;K;L)R5M!^M#]N?B+<'=U
M1W]!\U#S&:\<_;%Y8RMO]<MB+;.;.OFJL5Y<95_!Z4RF7!\ZJ,^6Q&*_M=-@
M;GY2,KPO-,/><T\QQ,5BYL(UYDKC/=>@/\#Y*'EM!A7KR])F>.-1[1O/9;?-
M>(2B#>B[:G=3V?UQ#2?NT2S&TMGO]CR&*)V/WF#?81TTF6^2U):.O$>-I2AQ
M]]$54J`_>H)!^?NH)H%!P*@=1QUH,!YCM+D$S-IFXVV6=(P7*+[;8UFS&'.M
MK=UM=UC0UK5$==C*<94B1'#KB4.(<T*5=*TJ`&@8KD^DN>A`G1-R?M6^O9E,
MS&Z'(K/'GVF?(N,%J#(1)M:%LLGR4M=44C\SRT5SHNN@]Z0[HSAK6$V_<6W7
M"Q-W2\RS;<@QB#<8J&;U(,DO1V4J9,>9&4MQ#3S*DIZ"`ILD`T-;?XECK>)8
MQCN+L3Y=U8QVW1K:U<[BZ7Y<A,9I+0=?=/%;B^G51[Z(N.@4"@4"@4"@4"@4
M"@4"@4"@4"@4'Q>D,QF7)$AU$=AE)6\\ZH(0E(XDJ42`![:#!61>I+:NQO/0
M;==W\UNS)*5VO&8Z[D4K'X*WV](Z/XS@JR)K$%W]2FX-S*D8S@]KQ:.2H";D
M,PS9/3R2H1(.B$D=RGJ8:Q9=LPW.R/A?=S[R&5#ZV!84,V=@Z=RV4K?T_P"4
MK?DU9JL;L3KZY4RVINLMPZN3+HX[<'5'O*Y:W>/NTJR)JM-)0PA+4="(S:."
M4,I#8`'+@@"B5)U)*B=2KF33%0I*%)6AQM#K3B5-NLN)"VUH6"E2%I/!22"0
M0>RI8/'[U2>GD[3WH9?B<0G;3)9)2TR@$BS3G"3\(X>QEPZEE1Y?0[!6+'3K
M=:EU&T4"@4"@4"@4"@4$Z_=YT$'CK[=-?DH(6E#@T=;0X---%`*'=R.M!6,>
MR'),1EMS\1R6[XI-:5U-RK/.D0E!7?\`4N)!^44&X^W7[1/U8[=^0RYN"UN#
M;6=.JVY;$1,6I`/+XMGR7P=.&I)HGEZ6^G?]J)(W;O$;%;_Z?\HE7Q9"9%UP
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MNJ6IME:%<>(%%QN5A>57#*)%RF2&8\&W`(:L]M2XER0XI@=$U_J!\;:7R6DJ
M2-#TZ]M$9&H%`H%`H%`H%`H%`H%`H%`H%`H+-S+/<2V_M_VKF&0Q+%#62F*E
M]6KSZQI]6PPG5QU7'Z*$DT&K>3>I;+;T%Q]N\7;QRWJ)2G*<J2KXA:3R7'M;
M2@L=X+ZT?D5KRFL#7IJXY8Z).>9'=,Y?ZNH,7-WH@(5S^JMT?RXZ0.SJ2H^V
MK)$UV66VX[*(T9M$>,@:(CLI#:`.S1"0`-*U)B7ER_=YTPPJJF@4"@B@I5\L
M=GR:S73'<AMS5VL5[C+BW:W/`=#K2AWGZ*DG0I4.(5H:S8>L>).^VRMXV1S`
MV5];ERQ:[E<C#<B4DCXB.#Q8>[`^SKHL=H\0YUBNW6[&$ZBE`H%`H%`H%`H%
M`H.)4GS&V1JIY\]##"`5.+4>00A(*E'V`4&WNTGH;]1N[J8]PC8>G`,7D=)3
MD^7J5;T*0>/4Q$T,E[ART0`>^B7L],-I_P!F=LEAH8N.YMUN&[][;Z5J@O!5
MLLB%]PBLJ+KH_P`XOY*UC'NO07';!8,0M+%@Q&P6[%+''2$,VBT16H<<)3R!
M0T$]6G>K4TQG:Y7RQV/)8@@Y'9H5^BIXMM3VDO=!_&0HCK01V%"@>ZF"Q+9M
M_/PK(9>7;>7A"[Q+1Y<BTY@7KLSY`'2(\.XJ*ID%L`<$(*T:\5))I@R]C^\-
MIE7*+CN:6Q_;_*)JNB!#N2T.6^X*[K?<D?4O'^`2ES^!65=[>#;ZY;CXHBQ6
MR\0;8\S-9EOPKS:V+S:;BVV"%0[A"?TZVEZ@ZMK0M*@E25<.(6WMSLT[MQ@6
M1XW:\B:&3YE.?N=]R6)!;@QF9$E+;/1`@M'HCM,,-I;90"=-`I1)UH+=:]/#
M,#=RT[B6W)3"M%I,5Z-:4Q];BCX2$8"+>W</,'3;EI/G.1_+/4]X^J@V>H%`
MH%`H%`H%`H%`H%`H%`H/A(?8CL/2'WFV(\="G9#[B@A#:$CJ4I2B0``!J2:#
M3?./4G/O?FVK9QN.NW=:FI6YUP;+D($:A0M44E)EJ!_XU12R#RZZU.NFM>46
M]*KH]?[E+F9#DLD`2,GNSOQ,U0/$H0H@)8;[FV4I2*UC*I<^)YGF:T(H)H%`
MH%`H%`H%!8>Y>W.-;KX?<L+RILB#-T=@7)L:OP)B/S4I@]BDGF/PDZI[:E)<
M>'.X6W^3;79?=,*RV,&+K;E=;,I`)CS8JR?)EQU=J'-.([#X3Q%<K,=I=631
M2@4"@4"@G0GY.=!!(`))``YD\!09`VZVHW,W=N(M>V."W?-974`](@1S\&S[
M7ICG0R@=^JZ8FO27:C]EEDD[X>Y;X;@,8W&.BUXCB83-FD'CT.W!T!EL]A\M
M"O?5Q+W>F&T_IJV-V2;;7MWMY;H%W0`',IN"?M*[.$<U&9)"BC7^;":LC%NL
MZ+<<=67'5EQ9_"4=3\YJLN-`H%`H.G<;=;KQ;Y-HO$"/=K3-243+9+;2ZPZ.
MSJ2KN["-#W&E5:]MN^3[2MA41=QSC;&.D&;975+F7RP,IYNPW3U.3HK8^DTO
M5Y"1JA3@'36<5LG9KQ:K]:X%ZLMP8NEINK")-NN$=86T\TL:I4A0YBH*K0*!
M0*!0*!0*!0*!0*!0*!04N\7FU6&UW"\WN>S:[3:X[DJY7"2L-M,LM#J6M:CP
M``H/._<+<:];RRE>>F39-KVE]5FQ)94R_>DCBB9=DC1095H%-1>T>)W74(&I
M$M6^=>`&B0@!+20``E(X!(2-``!R`K<B%430*!0*!0*!0*!0*"..HXZ=XH,%
M;^['6K>_$1;^IFVYG8@X_AF0+X!#IXJAR%<RP]IH?Q5:*%9[327'B==[1=<?
MNURL-]M[MIO=GD+B72V/CI<9>;.BDGO':".!'$5SO#O.5.H%`H)T/R$:@CV4
M'..T[,EQ[?"9=G7"6H(BV^,VMZ0ZI7`!#384M6OL%#6[.TW[/KU&;G?"S[Q8
MH^T^,R-%?:^5J4W,6@\=6;8UJ^3IRZ^@4QF]L>F6T_[.3T_;>JCW',69N\60
MLD++U]/P]I0M/:W;6%!*@#_*J55QF]F]UN@V^S6YBSV6VQ+)9XJ0B-:+<PW$
MBM@<@EEI*4?<K3.NU_ERTHA00/%R]U!/#GV:Z:Z=M!%%?1+;JSHAI:R>`"4D
MZ_,*(.-K9252!\.@#4K>(;2-.>I5H*FBU[CFN%6<Z7;-<?MQUT`?ND1)/N'F
M$GYJ:+,E;][,0#U#<ZSRG4+T0+:IZ:KK'8/AFU\?EI]6+-P7?S;?&MQH5JQ2
MXW)W"-PKC\->8;UKEP8%FOD@_536')*&T(9G+^K=0G@'BE8TZU4L5OZ.59$T
M$$Z=FONH.)5IH.D\>5!R)T[/EH("M>P\]*`#KKPTTH.5`H%`H%`H%`H-#M_\
MR5F^7KV_BNA>&X.ZR_E3`XMW.]J2'XT-SGU,PT%+RTG@IQ2`?H&M=8E8N*E*
M)4I142223Q))XFMXB*H4"@4"@4"@4"@4"@4"@C3GV`\Z#3SU5>GD;HVA>=X;
M#3_B/C\8_%14#I5>K>R-?)/XS[0!+1YJ'@/97*QJ7'D7W^%2>E12M"QTJ2I/
M!25)/$$'4$&HZRZA2DH25K4$(2-5*)``'>2=*#+6U^Q.\.]$M,;;/;ZZY)&Z
M@EZ_*;^$M;.O:Y.D=#0`_@DFB:]+]I_V5X!8N6^6X?G#@MS#L,!T/>V_<WTZ
M\.1\I'RU<9O9Z8;7;#;4;-11'VMVUMF,/!.CMZ1',FYNZ#BIV<^%O$^Y0JXR
MR3,F1(94Y<;C%A*T!==FRF6>?+53JT_=I(BRKGNEMA9>L77<G&(2FT]3B%7-
MA:DCO*6U*.E5%HRO45LK&/0UFXNKO3UANUV^=,U'>%-L=)^>IR+?>]3NWPZ?
ML_'<SN_F))0XU9_AF^'8I4IYHIU]HJS109'J>*M#;MIKNX"=.JX7>WQ>D=A4
MEOSE?(*N'"VYGJ/W$?`-NP+%K=JL#^NW.;+5T]IT9::3K\M7#A;TO?+>B9Y@
M:O6+V1)/U?P5E<D+2GN*Y,A7'Y*8*#)W*W@G>89.ZUU8:6`$LVV#;H01ISZ5
MI84OC[33!;<NY93<BLW/<',+@EQ/0XR[>Y*&S[>A@M`$^RF"W7L:L4E:7)D)
M=P=0"E+DV5)E'0\]?/=6#K3!]HV/V"$$"'8K=%\OZ!:BM)(]QZ=:"KH^J`#6
MC(&OYL!'/G]'2JE=>;#1=84JVREK4S.:4PL]1U'6/"H=Q0H!0/80#19PWGVI
M]45HG;>XL<GQ[-+IDT&&+?D5QM>,72;$>FPB8[[C4AEA;;@6ILJU22-37*_6
MF0O_`.E<,[,/W$)[OU.O/_LU08U]3V:)OFRF!Y#:(N51K5DF>XO%N%A@-S+3
M?ID%^XAI^$AD*8D(6\!ITE2210C6K,\CF69G?"W[>L[C;6V>S[/W6[7?%<SF
MSDS)4UR6VU"N5E$F3*<06.EUMYQ+J>*VT].OBHN,OX;;<<@V;,KM8]L-X<"O
M=MP.\/QLFS"YW!R!YGP1!"$NW.4GS]?&E7EZC0D$41;>8X3`O>V?I)S2X7S*
M!D>?W/;W'LNFQ,BNL1,V!+MRC(2XTQ)0WU.E(*UA(6H\2=:+C+F7;M738[*\
M8VJQS&(T3#+7#A+8R;,[K/0B[_&R5-.0[?=GFY+*9$;@M7QKJ>KJ2E/XP(W.
MH%`H%`H%`H.O*?$:/(D$:AAM;A'?T)*OW*#RBQ:3*N-EC7J>H.7')7I-\NCH
M/TI%P?6^H\>.@"DI&O8*Z1FKBK04"@4"@4"@4"@4"@4"@4"@#4$%!(7KJ@C7
M4*["-.VI8E>6_JFVGQR^;FR[AML]%C7U]M2]QH!T;M[=R.A06G$Z@2'$\7FP
M-$\"?$2*QYUTZUV=K+3MSMPN'<KILI;LOR.,$K^W,E=<R%A#PXE4>VMO1(X2
M#RZTJ-/.+>S<QOU?Y>Y%C07,P&&P8B`EN!:L-0Q'0G3@EO5<@)T]@IC+H*]0
M<R[]*)OJ'OJ3J5EI+K5G"D]Q#41O0#WUO&==?[9LN1<9&XD_)0^KS4F1E$EX
M*/L"9*.'LTI@[*,1QM_K<&/PIX>(4XMU/Q941R)+A<UI@JK5NB0A_5[9'B)/
M/RH[:/GT2*8.WYK@'2'%)'XH)`^:J/F?$25$DGF:(:#APX#D*:8>VAD**$`\
MQK0*":!0*#FV4)<0MU70V@];CAY)2GB3\@XT&]/H?N3]V]/ECGOI4CXB]WY<
M=HG4H95<WU-`]VJ"#\M<NWUJ-NZ@LC.L!QW<&%8H.1HD+8QZ_6[([=\,\65"
M=:G@_&*R/I("QXD]M!:FX&R>$[F3+K<,E;GF3>\2G85<3"E*8"[5<7VI+R0`
M#TN!QE*DK'$4-4*Q[!6RS*E-2=R]Q,GMLVTR[/*L5]ORI<)<>8P8ZR6O)2>M
M*#X%:\#QH+J>V?PY_%]M,1<:F&S;33K1<,/0)"@ZAZR,EB&7UZ:N`(/B!^E0
M43.=A,'W`OLZ]7N7?6&KY'BQ,OQZ!='X]KOD:$HJ8:N,,:H6$ZE.J>A13X5$
MB@L[;?>3=[<:T8AEC.Q\*T8/EL=F>F].Y6R[*CP7DE:750TP@5+`TU0%_+07
M5B/J`V_N^`8)GN67NV;=HW!"DV6T7JX,-N*=2^MGH2M10%\4`D@:#4:T&1+O
MN%@MBOUCQB\YE9K3D62_H&R2YC+4F7W>4VI04KJY)_&/`:F@QUB'J.V>S*S7
MG((F;6VU6RQ9!<\9ER+I)9C)7.M2PE_RBM>B@00I/:4D<*&*VSO#AMLL"\CS
MC)<<PVWF]S;+"DNWF.]'><BR%,I'G?5@.$#5;?-LZA1X:T&6&'V)+33\9Y$A
MA]"7&'VU!2%H6`I*DJ&H((.H(H/K04N]G2S7<]73I"D'J[OJU<:#R-VJN3]R
MV^Q9R6D(N,*+]G79':F3%44*U'9U)Z5#V'6MQFLAUL*!0*!0*!0*!0*!0*!0
M*"-=.W3L^6IHU_W@W7>Q];^%8=+2C+7D?Z\O:-%BR,.#@E.NH5+<2?`D_FQX
MU#E61JA'CLQ&4QXZ"AI)*CU**UJ6HE2UN*/%:UJ)*E'B3SH/M[>WOH.044_1
M)'N.E!!)4"%>,=RAJ#\]!TUVZW.JZW;?%=6.2E,H)'W*#YMVJW-%)9C&+T'J
M3\,ZZR`>\>6L454F95XB\(637V#XM2&;B\1[M'"NB*LSEF=1=?A\VN"M?HIE
M,Q9(2.[QM`GYZ"KL[C[@,D]=RL\Y'X`D6XH43_"4TZG[@JP55K=O*D$"3C=E
ME@#Q+9E26%$^P+0M(^>KHJ;6\CHZ1-PB4CAXG(<^.ZD'\EP-DU4\JJQO#CJN
M@R['D$$J/25&&AY(]NK+BN%35\Q5F=V-OG?IWYR#IP49<.4R-3WE3>E-%:CY
MQA,Q13&S"S.J'-)F-H5Q[TKZ=*:+ACRX<L`Q)T64#R+#[3FO^\4::.YY3NFO
ME+T/;TG2@^9!',:>_A5%K9$ZNX.Q,1AN%,J^IZ[L^DZ&):DJZ7W2>Q3Q^J;[
MR2>R@]*O1\AIO9IEMAL,L-9!>T,LIX!"$S%I2D>P`:5ROUJ-IJ@4&!/4<_F+
M&W:#B#MVCH7?+4G,G\>XWI./F2DW,VQ(\:G_`"0=`V"OIZNCQ:4&HV.R]P\[
M.X^'[>)SF_[=8/DMHGVFQ7J^2,?R*=`NUG4X8K=SF:2VF(TP)D)0^0M:#TZD
M:))6:=KMUH5GN]CMNZ&X2KMDCENAXY;93+,A4!UQ#A;<N,UUMOR6#.E)+,=;
MQ070WJD>.B-R^%!YP;#;87/;N-MM%O'IOS*)F&/QVH5WS,96S(M;4A;:FGY0
M@_:RFU->(D)#'`<D\*+JU8'I[W:L%DQ5R=BM[O[LS;T89/QS'[O9HGP$I%PG
M25(EN7-B0GX64B4@J=CGK24^)"O#H-9/MVT.=8A*O6,N[0V;<Z#F[.(M1,IN
MMS:<BV5BQ1(L5Z)-<>")CB8BHZWHRV4$N+7X@A74:&N6);&96C<+"Y&48+!=
MQ[#]T\]R9V:\N(_'?AWR&M=IGM,@E76EQSRNE2>I"@3]'0T-4?'=IMRL$O7Z
MW7':B/N?'?D9W;V<*7,MZ%0Q?[[\?#N*#+/DEN4PD-/Z'S$)T\*AU)H:W<V^
MLLG'<*Q6R2[1;K!)M5JC1I%BLZW'($-:$`*CQ5N^-3;9\*2=-0.0Y41>>OLH
M*1?^-AOG_F$G_P`4J@\>;2Z<1@6+)UG_`/%[[;(#68::GX&6VTAJ/<SIQ\LI
MT:?/X("%\@:Z1EEK4:@:@Z\4D$*!!&H((U!!!U![15T35"@4"@4"@4"@4"@4
M"@@D#M_R[ZFC!V[FZR\12<5Q=Q#N;SF0Y(F*`6U98KH/3(=2>"GUC\RT?RU>
M$<<C4%AA+""E*W'5..+?DR7EEQY]]P]3CSSBCJM:SQ4HT'WH%`H%`H%`H%`H
M%`H'#N'LH)"EC7QJ'L!HKXNLLO`AYAI_7F'$)5K[]0:#I+LUH6I2S;8Z5J&A
M<0@-JT[M4=)HCM1XZH1"H,ZXP%`=(,:?);T'N\PC[E!VG\NRJUNQX=NR^^2K
MF\"8EO7)0^"#P\UXO-J\MM/:3S[-:UIC8':T3)6)P;[=Y9NN29"M;M^O"T!)
MD.,.*9:2A`X(;;2G1"!PYGF:#U$]'_'9MH@Z@Y%?=#W_`-><&M<^WUJ-I:@4
M%I9OA&.[A8_*QG*(1FVN4XR^/+=<COL2([B7F)$=]E27&G6G$A:%I(((H*#B
M.U.*X3C-YQBQ">E&2./R,CO\N:_+NT^5);#+DJ3.>4IU;O0D)2HGP@`)``H*
M'<-@]M;C>;)>7;3)CFS,0(SMIBS'V+?<$6D@VW[2B-J#<HQ%#J:+@/2:#,H!
M'.@*'`\S08/G[_;?6S.,VP65+D"1MSBCF6YA?$M]4&+':<Z%Q@X"5+?0"%J;
M2#H"D'Q*TH+3B^I['F;?>'\IP;*,,N\*V0;U8,:N;$<S+O`NLM$&$Y%\EY;:
M'%R'4-N-NJ0IHJ3UZ`ZT7%Y8?O3:<PDVZT,8]<[7E2KM/LV18U*+*GK2]:VT
M.2W'W67'&5MI\UH)6VI045I`XZZ$9I"`.V@LC*L7R2^2XDBR9_<<088:4V_#
MA18CZ7EE6H<49+;A!`X:#A06<_MIN"ZH*3OKD3``T*6[?:M#[>,8T%(NVV&X
M0M5T_P"OG)EZ1'B4?9]HX_5JX#^JT&C6)Z+Q3&]4I<;7:8S:PM(4E:?)"%A2
M5:@A0U!!&GR5ME0T1KG@VJ+9$D7[!T%2E69D%VXV5*N)^#0?%)B@ZGROSC0^
MAU)\-6"\;=<[?=X$>YVJ>S=+=*_,3HZNM"B.:3VI4.U*@".T"FCO5H30*!0*
M!0*!0*!003H/;QTJ48<W8W31@[#=BL'DS,[NC/F0V'0'&;9'7P$Z6GMX_FF^
M;AX_1!J#35MM252'7GW9DR8^Y*N5QD'KD2I#A)<>=7VJ4?D`X#@*@^M`H%`H
M%`H%`H%`H%`H%`H'WJ#YN.ML-.2)#J&([0U=><(2E([RH\*"D?'3;D-+,GX6
M(>=ZDH)"M?\`1F2-5^Q2M$^^BJA;H$>WA2(X4MUY87+ENJ\QYY1_"=6>9'8.
M0[!0;'[4NM#`,><4X.ADS%.+)^B&Y3O423W:<:U/C/Z]7?2M9G;/L?B#K[2H
M[F0JF7T,K!"DMW*2Y(:U![VU)/RUSOUML74"@4"@4"@Z=Q:E/V^<Q!E_`37X
M[C<2=T!SR75)(0YT'@KI)!T/.@\USZ6-[$9#?\:F9K:+WBUWVON]FDY0W:C`
M>GWJ;<1,0);HEO.><[(2EYYX)(*-4`#AH5GG%L1RS=;/QE6ZFV)P[&K/@3^%
MSL9NTF+--TG3Y<>3-=:3%<=3\*S\*D-.+*5J*NH)3TT18M]V\W3PN%'G;1XU
M-Q.V2I4Z!%L6."W/72%'CG2T^<JZJ4T8\N27)$Y747NDMC7PG0-VL?-\^PK$
M<E,7]8C`C?K`(6OPWQWE)^(\CJX^7YG5TZ\=-*"MT"@^;C2'4.-K&J74E*QW
M@C0T'E;;K7)Q]5TQ2>")^&W.99I0/`E#3I<BN:#3@['<0H:5TZ\LWZJ8X'5/
MA(Y$<*N"TKCBC#DY^]6"X.XKD4GC+N$-"7(\O3LG0EZ-OCO4.ESN54HZARFY
MV3PYI8U0(Z=!^M%H#DVUJ[.IU&GQ$;^.E2?X=-%W0ID.YQ6YUKFL7*"[^;FQ
M7$/-$?E()X^PTE':K04"@4"@4"@<M/?QJ48GW2W/C8!"8@VYMFZYI>&U*LEH
M<U+4=H'I5/FZ<0R@_1'-Q7A'#4U-&EG5(>?ESI\UZZW6YNF3=[M*/4_*?5S6
ML\@`."4C@E.B1PJ#E0*!0*!0*!0*!0*!0*!0/G^2@ZDN?!M_&;+;B]7T&U'J
M<5[$H3JHGW"BNB)MSF?HZW?"-\TS[EJV".]$=/C5_&Z:#DU9VE.IDW%]V\2V
MSJV[)T#39[VF$_5I]YU/MHBL*)5Q4=2>>M!R;.CB-.94`/GH-G/31@<W=FUX
MIM_!#B+8X[.G9]=$:I3!L_Q[H4UU#D_-T+38YA/6OD!5WA<>X<.+%AQ(D2&P
MB-$AM(9B1VQTH;;;2$H0D=@```%<U=J@4"@4"@4"@4"@4"@4"@4&GGJ*VYFP
MYO\`BYCD%Z<B/$3$W'LT5!<>?@,:EBXL-IXK=B`J"TCBMHD#BA-6#7EA^/+8
M8EQ)#4N),;2_$ELJ"VG6E@%#B%#@0H5N5E]:T)2M:%!2"4*`("AW'OH+3F87
M8)4Q=TB1WL>O+O%V\V1Y4%]9_GDMCRW?XZ#6<'R\G/;8=69ULS&(G_BYB#:[
M@!W!YD+CK/M+:?;3!Q7FD2W@#([)>,9[%R),4RH>OLE0_.1I[3TU!7[;>;/>
MD)<L]W@W9*N`$60AQ>O<4`]6OR5J"JJ2I)(4DI(Y@C2FCCJ.\4T.W3MIH<*:
M,9[E[DP-NK8PE#2;IE=Z0M.,V!2B`YT<%2I)'T([1^DKFH^!&IK(TF??GSIU
MPO%XG+NM]O#OGWF[N`!3[@&B0E(^@V@>%M`X)'MH.%`H%`H%`H%`H(H)H'/B
M*"%D-IZG%):1^.X0D?.=*"D.7ZTI5Y3<L3'?Y&$A<A6O=X`1]V@GXZZO\(=F
M+(_E[BZ&=/;Y376LT4^`N$@?U^\NA)YQ;<@1D?TAZG#\XH.U#ML"WE2X<1MA
MY?%R1]-U1]KBRI1^>@[O:2>9XDT0H'=[:#(FU>U.<;T93^JV!0DE<-:#D>42
M4J-MLS2^/7(4"/,=TXML)/4K\+I3J:E6/<S979C#-BL)BX5AD589#JY=YO$D
M]<NY3GCU/2I"_P`91Y)'A2-$I&@K*LN4"@4"@4"@4"@4"@4"@4"@4$$:@B@T
MOW0]/MSL<NXY;M-`;F0)SBY>1;9]:64*=6>IR59G%^!AU6I4IA6C3AXCH4=3
M91K[;[G#N1EM1E.-R[:YY-WM4EM4>;!>'-J5&<T<:5^4-#V$BM]:S>'?U'`]
MXUK0F@4$A2TDE"BC4:*T)&OOTJ6"@7+&,;O"E.73'X$Q\C3XKR4MO#NT=;Z5
MC3V&I@I:<,9BZ"S9)D%B`^BRS.5*8'L#$Q+P^[3!]3;\VC`"-E5KN:$\A=+6
M6W%>Q3L1Q(^7HI@^?VAG;"OK\6M%RZ>:K?=%-*5[DRF0/^ZH+:S'<NX85C-T
MR"?MW>UN0@VW#C(>B/,.R7U!ME#C[+NJ4%2N)Z>7+C4&CL_*)%UNEPON2OW"
M7D%W6%7&:Y#>"$I1KY<=A"0L-LM#PH2/RCXCK176_6"S`Z*G>4?YQIU'_"0*
M(YB^V,D`7B)\K@'WZ#Z?;%GY_:\/3_/(_?HJ?M>T?_%X7].C]^A@;O:!_P"]
MH9]SR/WZ#YF^6-/.\P_<'03]S6@X?;]F_!GI=_S2'%_\%)H@+Y`4=&43)"NU
M+41X_?2!02;H^K@U8[FLGZ/6VVR#\JUT5'Q5[<.C=F98[U2)B>'O#2%?-K03
MT7]P^*7;X:>72VPX\?D*U)'W*&H-LDN?VJ^W![7FADMQD^[ZM/5]VAJ46*SH
M5YBH")3IXEV2I3ZM?^4*J"K("6TA#20T@#0-M@(3\R=*(CE030*"-:#B5CSX
ML5"''YLY?EP+>PA3TF0L\D,L-A2W#[$BKBXW@V7]#F=YTN+>]U52=N,164N)
MQYE:#?YR.YQ2>I$%!'`_2=_(K-ICUBPC!<3VYQV#BF%6&)CE@MR=(UOB(Z05
M'BIQQ1U4XM1XJ6HE1/,UE5VT"@4"@4"@4"@4"@4"@4"@4"@4'%2>K3CIH=:#
M$VXVR^$;DJ1<+I$>M&416_+MN9VA8BW-@=B"Z`0ZWWMNA2/90:E97M%NI@O6
M\Y:AN7C[7*^6!M+-U;1^-)M:CTN'O,=9U_$K4[)C'%NO5KN[CS%NF(>F1CTR
M[8XE3$QA7XKT9U*76R.Y2:WK/*I]NE)535"@4$$4#2I8,.;]@#:Z\:</]8VD
M?^F(K-2?6GJE+"U:+4.)[:-:>8O33J/W_OT1\E)0L:+0A?Y24G]R@^9CQR-#
M&9([BVD_N45'PT;_`$5C^B1^]0U(CQARBL#VAI'[U!]4I0GZ+:$^Y('[E!SZ
MU#DHI]W#[U$"M1'%1/O)-!&O#]T\:*@?Y?[E$*!0*!0*!V*(&H2-3\G?0=S'
MK7>,PNPL&&66=F=^*/,-ILC"I;J6P>DN+*/`A`/`J4H`=M+5QNQMQZ"=S\G,
M:;N1?8>V]J<T4Y9[>47*\J3^*IW^S,:CN\PBLZ8]&-J?3MM+LXTEW#<6:3?%
MHZ)>6W`_&79X'GU2G05)!_%1TI]E359NZ>(.O;J?;0<J!0*!0*!0*!0*!0*!
M0*!0*!0*!0*"-!KKV\J!TCNY4%@9IM9M]N"A'ZW8I!N\EG^S7(I+4QH\@6I3
M10\CEV*H-?+YZ7[I$!<P+<*2$)`#5DRMG[29`XZA,MHLR4]PZBO2KZPQB*\;
M=[M8WUF[[=R+M'00D7#%Y+=S;5KV_#.>1)2._P`*JU.S-BP#DMC:DF#-G&SS
MTDI,"[-.VY_J',!,I#>NGL-716V_K6P\TH/,GD\V0M!]RDD@UH30*##F_G_9
M;=__`)E:?_7$5FI/K3M?TU>\U%<:!0*!0*!0*!0*!0*"0%$%0'A',T'3^/@^
M:EA,QIY]9T3%8/G.E1Y)"&^I1)[M**ROBFRF\V<!I>+;59'-C/DANX38WV7%
MU&AXO3BT-./,`TV#9C#_`$`;NWE3+V:958,&AJT+T2$ER\3@#S'4?(821W@J
MK-JXVRPKT';%8VIF1DT6Y[DW%L#5=_DJ^$U!UU$*,&F3_'"J:,\9+M-9%6BT
M_J!&@[?Y+B:E.X;<[;&0Q'96H:+C26&0@.QGP.EU!_*3HM(-05?;_.DY=$G6
M^YV\X_FN-.)B9CBRW.M420I.J7&EZ#S8[P\;+HX*3W*"@`R,.`H)H%`H%`H%
M`H%`H%`H%`H%`H%`H%`H%`H%`H%`H*9<[/:KTPJ+=[7$NL50*51YC+;R"#SU
M2XE0H,077TX;-71:GF\,:L<HCPR[(_(MBDGL(3%<;1K[TT%B3O2O;4J"K!N1
MD]L''K9GF)=&SW#Z]E*]!^75EPQ:$STV[F1E.*MV:8Y>6P!Y3,ZVR(2U'M)<
MCO.@:_DUKTS>K#>ZWIMW[RG#KCCUMQ[&9DJ3+@OLOQ[RXTGIC/I=7JF1%&FH
M&@\53TLC5:Y>DWU)VPNJ=VJ=FMHU*56^Z6^5U>Y/G-J^<4U5GO[$;[Q$*<D;
M*Y@VE(!5Y<%$@Z>YEU9/R4U%`D[9[H1"1+VMS&,>U*K+,.FOM2@U=10EXWES
M9(<P;*4%)T.MCN'`CAS\G2FJX_J]E/\`^EY.?_HD_P#YFFB1CN6*^C@^4KUX
M:HL=P4-?Z&FBN1]MMS)FGPFV&822?HA-EF`G7WMBFHK\;8S?2:CKB[+9BXD\
M`7(`8)_IW&^%3573;O2MZD;JEM;&T<Z(%\TW"X6Z(4^TA4A1IJK[MOH;]1MP
M*OB;3C%A`(T5.O*GRKY(L=?WZOH9)M?[._<>2D&][EX[:-2DENWV^3,4!^$.
MI]QD>[A3V,KV;]G1A32VUY+N=D]X;`/FQK>W$MJ%>Y0;>6/]]6?0S%C_`*(O
M3E8BVY)P=W*)#1U3*OUPE3CKII^;+B6N/Y%0;!8UMW@6'MI:Q7"K)CB$'4?9
MT"/'5J.1ZFT`DT%YT"@4"@Q1GF.63[<QK-TY1&P;)K.^F&U?'W&6VKC!=6"]
M:Y2'5(#R'/I(X]3:]%H_"!#*9=;0V75+2AM*>M2R0$A//4GEI0<6)#$EEJ1&
M>;D,/I"V7VU!:%I4-0I*AJ"".1%!]=1WT$ZT"@4"@4"@4"@4"@4"@4"@4"@4
M"@4"@4"@4"@4"@4"@4#NH..A[Z">/:=:!0*!H>^@:'OH)H%`H%`H%`H%`H."
M^7+7NH-+K7BV#;E>H??2W[Q6FVY-=,2BV5G;[&;\$2(D;&I<$.OSX<9[P$OS
M`\A]T)*DEM*"H#04&M^*R<@>R3;JW6'.9YVEL-^W<M.%6XJ$EJ\8Y;8"?(;^
M)=45N-1W%.,,+\6B$!2315>QK>'=78G9S:JYS9]JS2SY#M#*O&/8DQ`,5-HD
MV.'!,8)E!PNR4.(DZO>9TZ%.J5)31%TRM\]^\2Q+<IZ[D3;G:L?L]^Q6\9';
MK7;'FY4^[,078QM]MN$Q3L-2'NIM]72K@I.JCH:+8W]Q6%?[=8+;#RF^-9)D
M#+9^U;VQ%3":?=4HJU;CI4L(2D$)`ZB=!J3K1%P4"@4"@4"@4"@4"@4"@4"@
M4"@4"@4"@4"@4"@4"@4"@4"@4"@4"@4"@4"@4"@4"@4"@@C4:4&-L^VCVSW-
M7;EY_A-KRI^U!:;=)F-?7,MN$%QM+J2E?EKT'4@GI5V@T'>F[<8#/;Q2/+Q&
MUJCX*5+PYE+"&V[8%QU1%)BA`2&TJ964%(X%)TTH(;VWP$-8\P,2MBXV)6N1
M9<98+*5MQ+=+92Q(BM).J?+<;;2A23S`TH+=LVQ&S5BLU\QRS[=V6'9\C4PY
M?H"&0H21&<2]'0X5%2NAI:`IM`/2G\$"@R\!I030*!0*!0*!0*!0*!0*!0*!
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M`C%)=2$@:]1"B=0`V/3KVG6@Y4"@4"@4"@4"@4"@4"@4"@4"@4"@4"@4"@4"
M@4"@4"@4"@4"@4"@4"@4"@4"@4"@4"@4&B7KW_N%MQ^A_P"^T;](_P!K_L4O
M]%_])_[SKHL:D2/]F2W?W>_[0YGZ=_37]D1^@?Y[^5_FNJBUOS@?^SWM;_<K
M^TV?^[O]W/[<G\W[?QOYZC*T<2_VQ<Z_N7^A/_)?TK]%OZ'_`$G_`$G^;Z*#
/=A/;030*!0*!0*!0?__9
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>c46569003.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 c46569003.jpg
M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````4```_^X`#D%D
M;V)E`&3``````?_;`(0``@("`@("`@("`@,"`@(#!`,"`@,$!00$!`0$!08%
M!04%!04&!@<'"`<'!@D)"@H)"0P,#`P,#`P,#`P,#`P,#`$#`P,%!`4)!@8)
M#0L)"PT/#@X.#@\/#`P,#`P/#PP,#`P,#`\,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,#`P,#`P,_\``$0@`)P#(`P$1``(1`0,1`?_$`'<```("`P$!`0``````
M```````'"`D"!08#!`$!`0$!```````````````````!`A````8!!`(!`P(&
M`04``````0(#!`4&!P`1$@@A$S%!(A1A"5%Q,B,5%D*18B0F%Q$!`0$!`0``
M`````````````!$!(4'_V@`,`P$``A$#$0`_`+^Q$`\CH-?*2\7!QC^:FI!O
M$Q$6@=U)2;Q0J+=!%,!,=110X@4I2@&XB(Z#BL698H>::DC>L;386.J.GCMD
MSF"HK()K*,EC(*BF"Y"&,3F4>)@#8WR`Z!C:`T!H#0&@-`:`T!H#0&@-`C.R
M61Y7$^$[_>(!--:RQ[%-G5$E@$R1I:2738,.90`=R@NX((A_`-!!G&>',A=4
M<S8%LEIRA)9`G>P[F7J^?W<D_579NIXS923B'4>BJ4OK!'T*-_U*/@H`.P%J
MU<OQ_(=M$9:!/9KS33<%5:/M5S.X.C,3<;7H.,9E*=T\D)-<J"*21#&*`\0$
M3G'?P4HC\^-!WUNM<!1JQ/W"TR*437:RQ6D9F16'8J2"!!.80#Y,8=MBE#R8
M=@#R.@7.`\X5CL+CY/(]/BY:)@7$F_C6:$TW!JZ4_`6%$RHI`8W$IQ#<`$=P
M^!\Z!T"(!\Z#$JA#!N4P&#<0W#SY#Y#QH,]!'W*"/9N2F"1F'Y''E;K3I`H.
M+58TI%]*-%N)@/ZH]#U(*^>(E$RP!\[AH*V.S]&I\#<L&U'L;VNF+HG:;6$K
MDUK.OVT566<-"-3NG#7_``\>!")?G+F203]PG';?;SOHN+3\-W[#U_J#1UA&
M=@YFE0H%CFJ,`!4FS/UE`Q4/04I/5L40$"B4/'G1#:T!H#0&@-`:#26-[,QT
M'+OJ]#DL,XT:*K1,"=R5F5XX(4130%R<IBI<S;%Y"`@&@T]!M;VZ5B-L$A4I
MFC/W8'*^K$\D1%ZU63,)#E-ZSJ$.7D`B0Y1V,78P?.@[/0([+W83'.%0B6EJ
M>/92SV,_KJ]!KS-65GI,P&`IA;,&X"<2`(^5#\2!]3:#Y,0W[,U]>S,O?L0)
M8EIBB"?^G1TE*)O+$Y4]A_8H^:MRB@U**?$2D]AC@.X&T#\T$;NW-,L%[Z\9
M*A*DU/(6EDS;SM=C"#L+MY!NT9-%L'U_O&;</'GSXT$?<@Y'JN<+'^W]:ZP[
M3DV=LO+FQ(?C&%4C92-K[P[MNL)1`2*-U5/68I@W`P"`[:"Q$OQY^1\Z`-OM
M]OR/\=!4=<XV3[<=[HIL+HH]?^GKENM8I$ZNS%Y;#[+@V(;<"F5(IZR'\_:5
M,0^3@`E\>_;;)-XS=V"K/5/#T$E:E*>W1LEV>+&$\(RF3FVCU)LZ8B`H1@?^
M7^./E9P")!+L!M#Q8QA3'D%B;&55QO7Y,9M"HMA9R<PH<IUWDD8YEG[EQQ$=
ME5W"AU#E$?`FVT0R$WK59M^8DZ15:<3'_+(<ID]B;\AY@(AXV'?SH$WB[&M7
MJEGR5D&D6]W.UW,$@A-NH0KPCZ):R:8*).W<>H4QN`.1X^T@")>1/&WQH'AH
M$@ZEJ!V9Q/:(S'F3U5("T-G$.XN=-?$3D&"@#P5*FKL8R"H;"`@8H&V']0'1
M4!,,]3<-8[[E+TZ!K?\`MD?C[%"4M:IVUJ%EWDA/3TH=-!RO[@$@*$;-CE*'
M$`*4?'D=]"\6.77(.*,+02TS>+/7L=P:1/8*CM5!F"I4B@`%11+L=4P```!2
M%$?H`:(K<S=G[/MNB%<YXNF9O">,JJFG&8CK$U&)+2V4[+).D4VC<(A</<BR
M,0!`A_"H@)E.(%+N!5DUKR?4L9TI.X98L<31D&L<1U,_E.B%*5<J7-9%N!AY
MK&`VX$*0!,;Z!OHB)>".]<5V)S/,XYH^+;!%TNM1#J4L&1)X2LO1P.0K0IV8
M@)D@<`83%]ARFV#?CL`Z+#2M7>'JE3E[$RELUP#B1JZ95)6,C3J2"_W"(<42
MM"*@L8NP\P3$>`>3\0T(;ZF9<8-*3$9"F+I%UNJ3D4A,Q\C-.4X\3,W*954S
MBFX,0X")3!XVW^GSHD*;%W:ZAY%IMVRE),7N-<35B04:5_(-O,G&-9YLBF)U
M'S)-82G!'<-B";R?Z!ON&@ZRY]G<%46+CY&:R)&.',VT0>5^N19C2,S(I.R`
MHW_%C&H*.5!5*("7^W_/;0C>8NS33\HXMKN7F:BM7JME;+.V@V`Z+)9)%!=1
M`QE]U#$)Y3$?)O'U\Z!MHK).$DUT%"K(JE`Z2I!`Q3%,&X&*(>!`0^!#05!_
MN!TK'T7EG%]U<%L&+;%;`*A>.R42>;5+#PT0<I@C6K>,YD%X\YB0@J%`@%`3
M&Y#HUFIY8][4=>\@O8*M4O*+2QS<HF1*.9'1=D=JF`OCV@L@GQ.;;SRVW'1E
M([0&@IFRC14\<]W9.^8.-6*FAB:F*9`R9!VZ44CJJXDK*NI'J@W,')&->.FZ
M0J&5X<3F*`F+Y'<UXCSGWNUD?LQ8,9XWJ+RU=;:%/)G6M$ZS3>.I":.102F_
MQ"L<E[GB.Q!*W!+B"JA@$XE(&AF&GV#[.=BYJ+C,:52BVG'E%2@X]O*)GD&I
M,C22,JH$/"!(B;D6.-).O(ID$SHR95%/L*&ACALPX7[(X"Z-25.NECJ=/IT<
MYCDEJ93TG#^<M4W*2!#F/*2K@4^`BH)1`&Q3&-P*7EQ#0O4JNO'0&^T_'A(B
MS=B[=68N^)(3=]I=11:Q3Q60=(E%=%Q.G(J^4`@?V_!B_P#+;;?1-WIF57]O
MU"I,+#4(?LCE.&Q?-2[J61HT+(-V"I3O0*#DKJ5!%1VY%0`V$QC!_P!?.A2B
MNO53N/7L)77K5B2_TR4PV9)Y_J4G,F>M[:K&.U1<FA%'"9?QBC[#&)^0/]1#
M;#Q^@)2UM>P/3WK!`4EVL?#%(*BZ34&C)N+9:I*<=E%94'$HHFE'0S=10=N:
M9#B4`V)N;R(2[ZX]K>O&/\*8FH%CSPPNM_C8IC'3A&1I*;?N99V8#K%`0;G7
M4XJ*"&Y@\`'GQHANY`Z68JM5HDK_`$N6L^#\AR^QI2VX\DSPXO%0,)O:]9E`
MS5P<=QW,=/D/U'1:W6).JE2QC"9092-QM>1K%F(2IWV^6&0'_,.FZ38S5!`C
MAJ"(I`DF<P%$FQMQWW\!L1AC[I?UXQU/IVUC23VJW-U/8PM5P?.K$_:CQX`#
M96247].P?4@`/ZZ`S[U;B,\VS&]M?9)N-$?XR.Z5@B5AVBV#VNP*11P454E?
M6L"8"F50H<BE,.VA2*O7[:>&[4_J$U!V^X5>U5J7-+O[HXD5)V5D3&`!`IUI
M4S@B(D,`G(9-,-C#OM\:+3!9?M^==6SE<ZS6V24;).$WUFKKRSRBD?-2"9.'
MYTHB"Y1<K&#^H3FX_P#;H4RJ)U$ZZ8W/?#U3%L.S_P#HX.$;.15+WE,S<D]:
MC%N53<&[80$?[27$OG?^&A2[L'[>?4B>J<G4RXH:1"<@B"+>?9N'!Y1D!3E.
M06;ITHN*7'B```!QV\;;:%;.'Z*==6I/_;:[*98<@T!DB[OLN\G?0B!/7LW0
M74!N@/'X%)(HA_QVT*Z(>FW7AI3I6F5:A(T%"9!N5W9:PNK'3VS50%$P++D,
M+L`W#80]FPAN`^-"N&K?[>/4^NEC2K8[<6I.)``9-K'+R,FV*(&$XC^(LX%O
M]QA$3!Z^(C]-"IJ-VZ#1!%JU1(W;-R%2;H)E`I"$(`%*4I0V````V``T1D=)
M-0ADU"`HF?\`J(<`,`_S`?&@\4F+-N8QD&J*!CAL8R:92B(!_$0`-!]6@C!V
M0[&%PDRC(2M5D;WDVTLY!]7*O[RM&;5A%H^Y]+R[P^Y6K%J783G$-S#]A?N'
M14.>J76:([$-Q[?=G(@MMO65GB<S7:.L"J5?8Q3,OX\6HI&G'BX/ZR>Q,5^0
M`42F`.0B.AJT]5I#L$4G:S5HU;0R!A0<&33(5JBF7SP'8.!2E#Z;!MHBGGI\
MS7[3YWO^<Y6,.E1*5?Y&QM7XF,))FP$2_P`;`HAR_J1AHPOL((#M[G&^WC1=
M2-[`6(N4.WO6GKFS;$DH:F.%\M9*04V.@!8U)5&&35*'D#%<F]@`/@=R?.AB
MP_;1!H/P0W\:#S4126(9-4A54SAL=,X`8HA^H#X'0:UK`03%<SIE"L&;HXB8
M[E!LDFH(CX$1,4H#OH-OH#0&@-`:`T!H#0&@-`:`T!H#0&@A=V0PMUKR9=(F
M?S#D5.F3%7KASVB'+9T(1&6J`/2J*(3+=10ACQ_Y@%Y'^PHF^P3^=M%J7D(6
M))$118#\7_`E9H!"BQ,0S;\,$R@AZ!3$2"GZ]N/'QM\:(2/:F;ND#U\RJ[QW
M"+S]U=P:T;7V2"?LX*R`@U,Y5W$`*DW(J94YS#Q*4HF-X`=!INH=*QOCSKWC
M^FXOM,)=8*$:>J6M,"_:R35[+G$#R*@N6ASIF-[C"&V^X`!0^FBZU.-\78FJ
M?9C-U\;9*8V_-F0&D>I*T]R_9GDZ]"-TDRI(),TSBX(@J;@;F<@;AP#]1(EE
)H#0&@-`:#__9
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>c46569004.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 c46569004.jpg
M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````4```_^X`#D%D
M;V)E`&3``````?_;`(0``@("`@("`@("`@,"`@(#!`,"`@,$!00$!`0$!08%
M!04%!04&!@<'"`<'!@D)"@H)"0P,#`P,#`P,#`P,#`P,#`$#`P,%!`4)!@8)
M#0L)"PT/#@X.#@\/#`P,#`P/#PP,#`P,#`\,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,#`P,#`P,_\``$0@`-@#(`P$1``(1`0,1`?_$`'H```("`P$!`0``````
M```````(!@<!!`4"`PD!`0$````````````````````!$``!!`$#`P($`P<#
M!0`````"`0,$!08`$0<A$@@Q$T$B%!5183)Q@4)2(S,6D5,DL4-5%Q@1`0$!
M`0`````````````````1`3'_V@`,`P$``A$#$0`_`/W\T!H#0&@QW==MET&B
MS:UDF4_!C6,:1.BBAR833P&ZV)*HH1@*J0HJHJ(JIH-WN3KT5=M`N_,GE/PE
MP:3$',\N;DY98&+%-Q_1ME:7TY\UV;98@1N]SN->B*?:F_QT%<P`\G.?((NV
MH_\`RQQS;-;_`&R*;=AG\J.X/477S$H=6I(7\`N/`J?J%?0&,XRXPQ?B7%FL
M2Q/[BY!20[-F3K>PDVDZ5+D;*](D2I;CCA&XJ(J]43\$306)H#085430&_Y+
M_IH#=/3084D3X*O[-!#<LY&P#`V$D9KFM'BC1(J@MK/CQ%/;U[!=,2+]R:"$
MXAY&\%Y_D,/%,-Y3Q_(LCL`=<KZ:)+$GY`,#WNJR*[>YV#\R]N^R==!=6@-`
M:`T!H#0&@-`:#DWE]28S5R[O(K>%0T\$/<FVM@^W&CM"GQ-UTA$?WKH%[;YZ
MR#D%UR'P-QY.S&&8JC7)F0(Y28J!;;H3;KP?631V]%C,$"[I_41.N@^`<`Y)
MFQ19G.O*]YFY(1..X3C;CN-8RB'\WLN1X;GU4L07H)/OKNGZA^&@X<?D+QUX
M/GV7'_$.+QLASV<\JSN/./80S[$Y;:(V*6<AI?9AHB]%.8\")U7\=!2W(.8\
M^YO<)@]G*6HS2R9;EUWCWQM:HW.APB)1"=E^8*`_01E4D[FXC:&ZB=K2N+NJ
M!=/C_P"(?'_$$MO-[BIJ<@Y6DMJCV11XQ#$K$<1/=8JAD$ZZ*$OZWW3)]Y?F
M</KVH#>(FW[]!G0?-UP&6S=<,6VVT4G'#5!$13JJJJ[(B)H%LO?*#"SM9&+<
M4U5ISOFC#B-2*;#`;D0(9+_Y"Z=(*^*B?%">4_38%WT&D[2>5N<FJV6:XCP?
M3/`1!`QZ">2W8HX/]MV98HQ#`PW_`%-L&F_Y:#7>X`I<=HY%GFGD-RDXD-E7
M+++++,#K&6EV52=[6!CQFA0E5411V3HGIHN:H/@KGSF2XF9]A''>)7_D3A=%
M?#$XPYYR-YBDK956;*?4?76!-H5@L60)M@[%CDKP;*NR]5"^QX;YFY#!\^:.
M:Y=15RG3)./^,1.CAMLJNR,OW#J%82$(?U=JLINJ[)HCB7F.>*?C4-0:8-4R
ML]LFQA8C01XGW[,;IX_E%N*,@GI;I.$/SNF2`G53,4W70=WB[BS+KKD(^=>7
MHL*IR-BO>J.*N,H"-N1,2J):@<@GW@'M?LI/8(ON!\@"GMM[CN2@U>@-`:`T
M!H#0&@-!%<UDY7"Q;(9F#54*]S&-7ON8S2V4DHD.3.0%5AM]\1-6P(MMU1-`
M@6&7^/2,PQ*;Y:8OG4GD^ZM(]9C#N4T2C@M;9S!%IN+3MP7ID$2)P>T9$E5>
M-5W[A1=M`XN?<T89QY+C8UO*RO/)S7=1\9XXRDZYD"B)VDL<%08[6R]77R;;
M1-_FT%72,)YRYB8D%RKDH<)\?/B2O\=X7.5R\DQ]E51M,C1`1@5'H;<,$Z=/
M?700G$VX620Y?'/B#2U/&/&$1XHV:\Z1('22\)$V]'H$=!%L92=>Z<Z9M-K^
MGWCZ"#0<9<485Q)1E1875+$"4XDB[N93I2K.UE]O:<RPF.J3LAX_52->GH*(
MG3063H//<GYZ!:\@\B(EI=3L-X.Q=_FO,J\O:MI-=(")C50YZ;6=X8FRAIOU
M9CB\[T5%`=!H1^`;_/Y2W/D5FIYZP[VN1>)J<3K</@E^I$<CH:R+$P551')+
MG:O^R/H@,+7UN-8=3K&JZ^LQ7'ZX%-6(K3,&$PV*=2400&P1$3UT")<M>?\`
MB%5DX<5>.N,2O(SF";(&&W64!$5)7.F:`AV%DV)`@"J[JH;CLB[F.BQS,8\/
M>2.9[5G./-_D!,_]J4DRCX$QUUV-AE80?VTD@G:<TQ_$^GXJ>@<[-N1^+>$,
M9@O9=>UF%448`A4%.V']9[L1&VHM?7QA)YXO01;9;)?RT13I9+Y`<TDQ_@%;
M_P"@^.I(@9YQE$(965SFBZK]!2N+[,(2%?E=ED1IZ^QH+5XYX/P'C.9/O*F#
M(O,UNMO\AY%OWRLKZ>J)LB.SGOF$$3T::0&T^`)H+?T!H#08W_)?7;05MR!S
M#QEQ:PT]GN9UV//2-DA5;CBO3Y*EOLD>"PCDAY5V7]#:Z"JW.?\`*\E]P.)N
M!\RS%MUL3KLCOP:Q6F?0T$A-'K)4EJ&Q;[C%5=TV1-!MMQ?*_(V465;<<\7@
M2H7MPHMADTI.J_*1O.5K/IMU0%ZZ"J>5\_Y^X`K*;*[WD7#>4PL+2/71>,&Z
M"13W5TCS@BXW3'&F3"<DM`7N*),J':BJ2CZZ!Z=!".0.1,+XMQF?F.?Y%#QC
M&ZY!1ZQEGV][AKLVRR";FZZXO0`!%(EZ(F@1R[Q+R$\M,PPS)Y$N=XX<#X58
M_>L7K)++9YI>S`;)N/82(CPN1X`@AJ3`N=[@%LXHH:#VE-;08=Q%XXX3=W3:
MQ,3H*J)]=FN>74@GYTM&43NDV=E((GWS55Z=Q+U7M!$W0=$5'%A97Y3RALKV
M/8X3XU-D+E7B;X.P+K.%`D()5C^EV+5EZA'^5R0GS.]K:H"@W=?7P*V#$K:V
M&Q75T!H(\&OBMBRPPTVB"#;38((@(HB(B(FR)H-[00+D+DO#.+J5+S,[ENLC
MON>Q5P0$GYMA*5-PBP8C2$[(>-=D$&Q5=`K]NQD_,?U$WGC*V>"N'YBLE3<1
M-V[-9?VS!?.)9)8"Z!1Q<1$_X44T5$W%UTE11T$E@^3'C9AU>F&<5R@S-VB<
M6'%P7C"G>N2;<0NU0$:YI8P*I>I&X*;KNJ]=!5?(OD[Y!0:NL?I^'JGBMS(I
M;T?%JS-)_P!VRFU%M"[1@XS4$A^XJ#WDKTD6VP^9PAT"B8AQUY'^5DF/*Y'S
MUWD2-(F^Y8,QU^EXPQL!<V>9&/'4%R2>SML+2$L1LO[KSNRBI>/T(QZ!XU^%
MF,%1_<X%%>9/(<G3^Q@).29#.<W(B;@U[/NFFZ=K;3+0M-]!%!T1[FW7D?S3
M$;;P.N7QLPN0Z!%E^3Q6K'+)D1=^_P"EINXH\!53T*29FG3^DF@G_&GCAQKQ
MQ9NY2D6=G/(LWYK/D[+I)6]V\>ZE_3?>^2,"*2[!'!L43X:"_.U.OYZ#.@-!
MY(NT5)=D1.JJO1$3\=`M]_Y-X=]XF8EQ=36W.&;0^\)5+A[0/08;H]J(-A</
M$W!C)N2(N[I&G\G30<EOCGG/DYN0_P`K\D'QC2S%,8W'O&KW8\$9P>U0GWTI
ME7W7.JHJQFV13X*O14"R^/.".)N+C^KPW"X42Z-%^IRF8IV%P^I"@DKME,)Z
M27<B==W-ORT$JS;/\'XVI7LCS[*ZS$:6.B=]C:20C@J[HB"'>J*9*I(B"**J
M[^F@71WFWE/EUD8WC?@GT>.OO"R_S3GT:175(LJ1"X]4U)(W-L%'M5$4_9;[
MOXB306;Q[P708=D<KD'(+FRY(Y3LHZQ9?(60$!/L1B[>^+6Q6A"/`CJH[J#(
M(I?QD>@X'(GD#$K<CF\5\2TX<J\V-,H;^)17_:KZ07!10EY!8(AA#93=%0/F
M><Z(`==T#0P/Q\DO9#7<H<[Y&'+7*T'W#I5-KV<<QOWMNYFCJR[@`A1.U9+W
M<^?\PI\N@NK/^0<0XQQ6SS/-KANEH*I!1Z20DXXZZXO8U'CLMH3CSSI*@MMM
MBI$2HB)OH%X9PO)^;9D'E'E#&YT?#L8[K?BCQ^F*VP<F8R"G$L\B$]P662_V
M(YDK4?="/N=W40WI.4>8EW&<M\=XKX[PYD6FE8Q7*K^;-LG7"7YU.35QUC,H
M**GRIW[]>N@V/IO-*4P!E:\-5#YH)%'"'?RT;Z=0]PGVN_\`;VI^S04KRCDO
ME?$GU/'.'<OXG,YGR*.DIO%L>Q$GH%3")SL6SM;"=.>6+%'94%29)QT_E:`M
ME5`TY?B1A;&9TO)_D-SSFO(W+,BO;KJQN#9%1L-NO=K3[=+6U2-OM-NDJ`O:
M7QW,MUWT6F#POQ=\>JR$S;#PO5O65KW2YCV6L_?+7O?ZJ,B19.3#4D3IV]ZH
M/PT13_+GE=Q_Q+DJ\`<&4M5=\NK%1P<8IX).P*E=Q`&W8E8'N/R514[(X=B;
M=77&AZZ+'&XY\3<JSR7*SKR0R*QGV&1]AVN(,20:DV,785"'>2HJ"(1A5%VK
MX1!&3_NE(-2+0:Z\\AR)E5CQ+@_*&&^+^"8982,7D1Y[L*-FTQVO(F2;J*B7
MV1J^*2#_`$GC%PR'8FP'=%T0QW%^"\`<8N'88O<TUKE=V*_=,_N;AFVR"T5$
M1%)^QD.F\:?+^@%0$VZ"F@8*+.A3@)R%+9F-@7:9L."XB$GP51541=!L[_EH
M#?\`)=`;_DO^F@7/+?(BG8OI6$<5XS9<TY[">;CVU7CQ`-54&[Z%;W+O_$B]
MJ=2;0C>V]&EZ:"OK7CR^R\ON'E)S/3P,8,R-OA_%YWV/'B!-E0;*P?<;G6'3
M?O`B;97_`&]!*H_DKXJ<>Q(6(XYG^-1X->R25V/8A'.R9:;`NTA;:J&7P14+
MU3U^.@TXGDID^8>TG%?CIR%E,>02K$R#(8\?%*IQI"[$>!ZR<20H+ZIM'[E3
MT'0?%<5\O<[=#_(N2,/X1HR[U.NPJN._N#$MT$'+"W$([:HB]5;C+U]-!+,)
M\7>)L.M&LFG54SD3-FB0TSK.)KV068.(O<IQRF*;47<E4MH[;:;_``Z)H&)3
MIH,Z"#8)QK@W&55*IL%QN)CL*PF/6-FK"$3TN9(-3=D2GW%-UYPE7]3A*NW3
MT1$T$X1-DV_ZZ!)G8N7YCY-SYV:\;7UU2<;S8T?B('619Q>&R_':=G9*]+<5
M1DV'<Z4=AH0)6A!5'M(R-`=8414Z_CH/:(B>F@SH%AD<"97`S[/LPP3F&?A$
M'DZ;'LLP@A30+"P61%BM0VQA6,Q#5EE&VU5&R;-!(B4.WN5-!:F#\48=@C\F
MTK8TJVRBP;]JVS6[DN6-Q+#N4U%R8^I$(*2[^VWV-HOH":#G<Q83FW(F)?XI
MA/),KBL[.2`9%E%;$;DVGVU1-'V(#CJ]D=YQ51$>[24$W[4WZH'(X6\<N(>`
MZ=:WCG%&(-A)4SNLNF+]9=V3SJH3STVP=17G"<).XDW0=_04T*O#M3;;00O)
M>->.\S<5[+\#Q[*7U;]KZBVK(LQQ`_E0WFS)$_8N@JB=XA>+]BW/:E\#X8X%
MD313$&J8;[E839OM4!%0V3^7;?XZ"-#X/>,49Z4_4\<'C9S%;60%'<6]6V2M
M)L*^W$F-!O\`BNW7XZ#;+PZX:!M6ZY[-J5"_N%`S3(FE/KON2K/+?1:C>4>+
MG!F)8_;Y/E6:<@56/X]&<L;6WEYWD0MQF614C<W2;OT3=$1$W7?9.NB%ZP+Q
M4M^7+*KR&S<Y$X1X;B..NU^&R\VNYN2Y9&,D1H[D7I)MUL8FQZ1VU5Y4+YS'
MTT6F)K/`CQ<J*[[16X#.A4XS"G-U#&0W;<4)!B@DXC(3A#N5$V553?\`/0J6
MT'AKXOXV\W)A<+X].E-B0A*N&G+=WM-454[K`Y"[=$V31%^8_BV,XG`:JL6Q
MVLQJL8W]FNJXC,-@-_7M;9`!3?;\-!W=OWZ`1-NF@SH#0&@-`:`T!H#0&@-`
M:`T!H#0&@-`:`T"T^5#`EQW1379;8L4N:XU9.4DKW@A7)1[!M6JN8^TTZ$=N
M0ZH(CK_:R+B![I"&^@OK'[.PMZR//M<=FXK.=3^M26#L1Y]I4]=W(+\EE4W]
4%0_VHF@[F@-`:`T!H#0&@-!__]D_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>c46569005.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 c46569005.jpg
M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````4```_^X`#D%D
M;V)E`&3``````?_;`(0``@("`@("`@("`@,"`@(#!`,"`@,$!00$!`0$!08%
M!04%!04&!@<'"`<'!@D)"@H)"0P,#`P,#`P,#`P,#`P,#`$#`P,%!`4)!@8)
M#0L)"PT/#@X.#@\/#`P,#`P/#PP,#`P,#`\,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,#`P,#`P,_\``$0@`,P#(`P$1``(1`0,1`?_$`'L``0`"`@(#`0``````
M```````("08'!`H!`P4"`0$!`0$``````````````````0(#$``!`P,$`@$#
M`P,$`P`````"`0,$!08'`!$2""$3,4$4%5$B"6$R(W&!%A=",R01`0$!``,!
M`0`````````````!$2$Q$@)!_]H`#`,!``(1`Q$`/P"_HUV3_541/]]!2EV"
M[B7SE?/-=ZY8ORU1NMV/[+E/LWWFJL/)%GR':<J#-CPE=5$#8UXM"*H3FRDI
M"'A37E(?I!C;$E%N^_;WQIVYN#L54:A$"+=U)G5,7V&93CZDDZ1%W4_8?K4&
MS+QQY<55%T2K*-$-`T#0-!CHW;:YW.=E#<%/*[VZ>E6<MA)#:SA@JYZDDE'Y
M<T;4_P!J$J;;Z#(M`T#0:SO;,^)<;3XM*O\`R1;EFU.='65#I]8J,>(\XP)*
M*NBVZ8DH[HJ;[?.BXPS$'9_"F>+@O.V\5W>-U3K$]!5N2S'?;BF$A2$'(S[@
M"#P<@45(%5-_Z>=$1R[9=N;KQGDC%N`,&T:G7;FK(-5@E-9J"^V#3::X]L3<
MD&W!,77VQ(T553@V*GYW'1<6#L^WU-^Y`1Y13W>O=0Y;?NX[^=M_C?1'MT#0
M-`T#0>-TWV^N@\Z#PJHF@(J+\:"JK+G:3/67\N7CA#J4=%M*W\7JY'S%GNZ&
MQ_'4I\.0.MLJ]N"(VJ$G)14B(24=@%34N(CVU9'\8E@UPH^=,]'GK(U2G%-N
M>XS<GG1BF2217N?XX5;-$<(B4S=)?.Z[?&C6U;_UUIW5]NB56K=98ME)1Y+C
M46NU"T1CJ3CC"*K02G&_\BJ*$JCS7ZKMHPQR\NXV*;1[`V%UO`IEPW[><I(E
M1=IB-.1**ZZT3L=N<9&BH;J!OP!%(4V(MD71<;OR#E?&^*($&J9*OFBV13ZG
M*"%3I58EMQ1??/X!OFJ*2_KMX3Z[:(YM0R/8=+K]M6K4;SHL*Y;R`G+4H+LU
MD9=1``5PCC-<N3@\45=T3;0:QOCM-@K'>2+4Q'=>0(%.R!>$IF'3J"/)XH[D
ME>,;[UQM"",CQ*@A[53=53Z+OH(;Y(_E9Q+8ETW7:M.QC>]S.VM4)%(=JZQF
M*="?G13)MUH#E.(8HA"NRD&ZIY0=M%DU#7J1F//U=SOE/L73>M=PYFK&5W6J
M:%QQ)WXRE42E,R@1V'$D3@)I_P!(BV*()HJ<%_5=%LQ>_>V1K'QK1@N#(5W4
MBR:,;H,!4*S+:BM$\:;HT!.$B$6R+X'=?KHRAEV`[\X\Q_`LBEX;KEL9?O\`
MOVNQ*93J3'JS"4^%$,T21+J$QMSC'$178.:INOGX%=%D3:LR][3R#0F+ELJY
M*;=="?==8;K%)DA+BD\P2MO`+K:J*J!HJ+HB"/?K`W7.HX_O;L9E:T)5;NFP
M;8*'27(E0D0?NG5<4(#+PM%Q+:0^GE4\(J_31J7&K>BM-L3J9T[D9WRQ-8MZ
M;D3V7'5)#P",UV$"*U2J?$:5>;QN-BK@`/RKF^R)NNB6[43,#=AL56/EC(7=
M;L$_.&\<LU273<2V!1XH39T:B";;#U4=!'!1L&P:"*)$2*2BYP0N7@N+J:/V
M2PG5\2P,X#D.DTS&4YODEQU-U(:,N(:ME'>;=XF#P&BBK:IRW^FVC-C/JMD>
MPZ#2;>KU;O*C4BC7:]$CVO4YDQEEBH/3A0HK<8S)$<)U%110=]]!]RJW%0J`
MD%:_6Z?1$J<@(=-^_DM1ON)#G]C+7M(>9E]!'=5T'Z"X*&5:.VTK<!;B;C)-
M.@)):^]&,I<4?6/R]B`I>.7';?ZZ##\FY>QIANA)<N3[VI5E49P_5'E5)Y`)
M]Q$4E;8:3=QTMD^`%5T'U;"R%9F4+7I=ZX_N.#==JU@".!6H#GL:/BO$@7X4
M#%?!"2(2+\IH(L=@,^7[9_8[J_@S&T:)+F9*J<NIY$"4Q[5;MR$/%TFS1=VE
M14<+EM\BB?"KHK(.Y'82N=>\<VU5[/AP*K?5[7A1K8M.C5$3)F04R0/W._`@
MVV9$MB4O"JGSH1F?9Z?F2F81O"LX0K%&MS(%%B#4RJ5;$7(S,&(BO3D#F!A[
M/4*\%,>/ZZ$4QXU[S=N;4EX2OJ\K\MO*EG9IKBQ&,8L1HPW$,89@PG3%F*TV
M4;F>_HW4Q)4V5/.^C7F-&5ZR:W=N;\[7386/,C9:ZMO9&J)9%I5HR'&/RYQW
M#?<9=)M=W`:>=,@507_&J>14M]#>$X+1[0=&Z%8#=MT3IG<[=39!I@+$=L=J
M;(D/BO!A':@]SYD:E_>9;^=&<1C"E]JL9YHKF6NMO52[<(43*-/>MN@V(W%*
M7'!UQL46;+8W];!BZON:1T1:!47CNG)%*QKL/USNOJS4.NMUUQFX\@96N:KS
M+MR5=%+<EN_<5=F7%D1Z9&ELBZ8NBJDA.J/)SDJI^U$%"RLW['8'[$7KC!.P
M78.C5Z[LT9)N2':N-<3TV.3\:V*1,,WT)8\7GQ==1OU"V7A.7)Y2<_M)+C(8
M70GO!;%3Q-FNUZ_`K^76F129'K519.3:K3+/VT)E7IJNMR1;CFHJ#:;-JFPH
M7SHOJ(MYDZ]]D<8YCFVG=MJ5?*-YW35X5Q0+WI\"34SN%^&:23<BS>"NM[$O
M!X"XJB(/C9!T-UNOMS9_<C*F-Z[V.SI;H8\LRW9D.+:V)(_+V0PGJK+M2>9!
M25M17BAO22]B\D%!$$T)5EW6[MWA:<F"^MN`J-6LEG3K<A1KMKM/C''IUMQ8
ML5/=(GO/@',U?3BH@GDB\$OU,V)+]G.LUC=I,?,V5><R;17J1-2J6S<M/4%D
M4^8($TKB-.(K;@&!J)"2>4^%1?.A+CKN]4NLUL9Z[+U+%3TZ=<6++2<JDJZ+
MGIP)3G9E/@/%&B$8ES)E)CR(*BFY(F^RI\Z-VX[0./<?6;BRSZ+8=@4"+;-I
MV^SZ*51X@J@`*JI$1$2J1F9*I$1*JDJJJKHYM*=P\$53L=@6[,74*M1Z%6ZB
M[$G4B5,$EBNR(+R/`Q(4-S$'-N*D**J?.R_&BQUV.PMLYH9N#'.'\I90@9'R
M7:AP[5M7%-OFLN'08[@MQX0O26VF(_W;ZJ($/`G4!$)PD39-&XYU?ZO9IPIE
M:LXUJF$YN6[EK]`=@6%5:=%E.T7[VHLMA^4;=]:MN?8>PP4'B!`/9Q?")HGJ
M,V[-='*IU>L;#UW7#4JMDJ#<-6;BY.HD%I6Z=`?06W@B1G&U<-"DBCC*/$/D
MDW3;=$T677%RWD3-]7RK@K+V<<(UZ%BFE5..N#\,`+T.(L2F\/M(4?\`:;R/
MD2,J1N-H;HIL`\-DT3(SCM_C//-RXR@]J>S-8ET:]KHN.!0\6X.I[!>FWX4@
MG71%Q%)3"0J-;B(;N*:HIGO^P1+CZ5*Q-VZZQ9DQGV2J^/[FSY=]=M.74[D>
M:*5+<AR)D0XR4VIR0]CRK%9];BIPXJNXAY'?0V5"#,N6\GY]NZIY0R-(E56I
MJXE.BJ$9V/2*4"*OK@1A)%!GBN_)"7V$NY'NNBQ>!UZ[2=6^N.-,8]?+;N:7
ME#(+<6,M>A8^I<BM?>URI%[)9BZT@MGLZ>RJA>!0=_TT9O**E[=Q(UE_R`9(
MS%*QK6,A6W8%(?QM1HM,;=253W&.)OR!4F^`$Z][`(7-EX+N._U&</J]P>V<
M*\[ZZ67/4\8UVG4.W/7E6XK$GQ2_*JR<E8K3(\A]1"C;!.\MMOW#RX[Z$C>7
M8KM7;_9/I3V/NNQ8UTXZHEEU.F4J/4:NVD$[A:?>85V*V(DJB#HN*#@<M_C?
MPNVA.V3]#.B&/;%M['O8&\''+OR/<%&BUN@P9+;8TVA+,!'F3BM(BD<@&B0?
M::KMNO`1^="_6I-]1>N%P=9X66+1E7#`N"S+EO!^XK!)@'0G1HDIH0<CSE-5
M$B;X`(J*KOLI+Y79#*87%-U7;95^53YT'CBB;JGU^=`XBNVZ(NR[IO\`K^N@
M<4\_U^=`0!3PF@(")\:#@U*DTVLP)U*J\%BJ4RILG&J-.EMB\P^RXBB;;C9H
MHD)(NRHJ:#'+/QS8&/H\J+8EET2SH\XA.:S1H#$)'B!-A5ST`'+9/C?09ELF
MVWZ_.@UCC["V)\42;@F8XQ_1;-F75)*7<,NF1A9=END2FJN'Y+CR)5047BBK
MX30;/1-M!7UWC[/7=BN):F%L)P"N#L!F4B@VK$CI[':5$=7TE45#;;ER54;4
MOVCQ)POVALI8KXP3UA@VQWZQ[8875/OBZ,34%,@YUNZ:7O:=N24/)J-'51Y(
M(G(;53<53)=R79?VH:WAV"N*;;>?/SHP_#C+3J(+K8NBBHJ":(2;BNZ+LOU1
M=!ZWX<63ZEDQFI"QW1>CJZ"&K;H_VF')%XDF_A4\Z#CSJ12JH$=NJ4V+4FXC
M[<J*$MD'D:?:7=MX$<0N)BOE"3RGTT'IKM8I=MT6K7#6IH4RCT.&_/JU0=7]
MC$:,"NNN%\KL(BJZ#KG9$R3>7>7L1ARRY%'JEA];+^NZ0F/H+$5(:56/!0_R
ME8(T%/=)<`5'==Q90O"J7)5-]1>_B/KMA;!4`86+,>TFU7582/)K#+*.5&0&
M_)4?FN\WW-U\JA'M_31C6SZ;;=OT:36)E(H<"ER[AE??5^3$C-,N397%`]\D
M@%%=/B*)R+==DT')>I%*D3FZH_3(C]398.*S47&6R?".ZJ$XR+BBI(!***HH
MNR[:#X5W6#9=_6O4;*O.V*=<EIU<$"HV_.8!R*Z@DACNWMMNA(BHJ>4709#3
M:;`H\"#2J7$:I]-ID=J)3H#`HVTRPR*`VVV`[((B*(B(GTT'-T#0-`T#0-`T
M#0-`T#0>B1)9B,/R9!HU'C-DZ^ZOP(`BD1+_`*(F@J7Z,K2\UY?[+=U;L?\`
MO905V7:>/A?%%*DT&G,B9D`[?M)QGUCNGG;EO_<NBU]#^-&')R%6^S79ZJH?
MWN6;YDT^C\]UX4^`2NH(DJ>43W`&R?'#;1?I:_HR:!H&@KR_D2KM4JV/L9X`
MMV8<:L=D;ZI=HSQ87:0E$%Q'ZD;?Z(@B"$J^-E5/KHL:GQW;U,R'_(!!H]D-
MK3\3=(K$;M6EQF6D1C\S46E8..AH/'D+:KR5?*JVNA^+9=$-`T#0-`T#0-`T
M#0-`T#0-`T#0<&I0PJ,"=3W#5L)\=V.;@^5%'04%5/\`3?0=>[">8J=U9P#W
MDP#=SR4?)]IU"K%;#+Z(!59*L`TMLXK3BB1*"(+R\=_\9<T\)HUVM5_C]L<+
M"ZAX5I:H'W55HWYV<8?!.U5TY2+ONO\`X."G^VB5,K1#0-`T%?G>;KSE[+;F
M',C8$J<.#E3#==?FT5F>^VPR34T``W@)X'&N;)-B7$Q5"%23YVT6-S=3NO;7
M7;%3%L5&H-5^^[CGR+AR5=38;?D*Q.-7'E$E1#5IO?@WR_JOCDJ:%2=T0T#0
M-`T#0-`T#0-`T#0-`T#0-`T'7C_E2_X[_P!U0OR/_5?W_P"-A\O1_P`A_P"9
M_;_;GO\`F_Q__P`GVV__`*=O\W#X\;:-_*];#_I_ZGQG]M^)^V_XM2/M_P`#
H[OQ?#[-KC]E]S_F].W]GL_?QVY>=]&&QM`T#0-`T#0-`T#0-`T'_V3\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.CERT
<SEQUENCE>7
<FILENAME>c46959_ex99cert.htm
<TEXT>

<HTML>
<HEAD>
   <TITLE>exhibit99cert -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing</TITLE>
</HEAD>

<BODY bgcolor="#ffffff">

<A name="page_1"></A>

<P align="right">

<B><FONT size=2 face="serif">EXHIBIT 99.CERT</FONT></B>
</P>
<P align="center">

<B><FONT size=2 face="serif">CERTIFICATIONS</FONT></B>
</P>
<P align="left">
<FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I, Nathan I. Partain, certify that:</FONT>
<P align="left">
<FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. I have reviewed this report on Form N-CSR of DNP Select Income Fund Inc.;</FONT>
<P align="left">
<FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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 align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">3. 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, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;</FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment
Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:</FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(a) 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 align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(b) 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 align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and
procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and</FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that
has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and</FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the
equivalent functions):</FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(a) 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's
ability to record, process, summarize, and report financial information; and</FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.</FONT></P>
<TABLE width="100%">
  <TR>
    <TD width="50%" nowrap><FONT size=2 face="serif">Date: March 2, 2007</FONT></TD>
    <TD colspan="2" nowrap><FONT size=2 face="serif">/s/ N</FONT><FONT size=1 face="serif">ATHAN </FONT><FONT size=2 face="serif">I.</FONT><FONT size=1 face="serif">&nbsp; </FONT><FONT size=2 face="serif">P</FONT><FONT size=1 face="serif">ARTAIN</FONT></TD>
  </TR>
  <TR>
    <TD nowrap>&nbsp;</TD>
    <TD width="34%" nowrap><HR noshade size=1></TD>
    <TD width="16%" nowrap>&nbsp;</TD>
  </TR>
  <TR>
    <TD nowrap>&nbsp;</TD>
    <TD colspan="2" nowrap><FONT size=2 face="serif">Nathan I. Partain <br>
    President and Chief Executive Officer    <br>
    (Principal Executive Officer)    </FONT></TD>
  </TR>
  <TR>
    <TD nowrap>&nbsp;</TD>
    <TD colspan="2" nowrap>&nbsp;</TD>
  </TR>
  <TR>
    <TD nowrap>&nbsp;</TD>
    <TD colspan="2" nowrap>&nbsp;</TD>
  </TR>
</TABLE><br>

<HR noshade  width="100%" size=4>
<P style="page-break-before:always"></P><PAGE>
<A name="page_2"></A>

<P align="center">

<B><FONT size=2 face="serif">CERTIFICATIONS</FONT></B>
</P><P align="left">
<FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I, Joseph C. Curry, Jr., certify that:</FONT><P align="left">
<FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.  I have reviewed this report on Form N-CSR of DNP Select Income Fund Inc.;</FONT>
<P align="left">
<FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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 align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">3. 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, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;</FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment
Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:</FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(a) 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 align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(b) 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 align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and
procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and</FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that
has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and</FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the
equivalent functions):</FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(a) 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's
ability to record, process, summarize, and report financial information; and</FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.</FONT></P>
<TABLE width="100%">
  <TR>
    <TD width="50%" nowrap><FONT size=2 face="serif">Date: March 2, 2007</FONT></TD>
    <TD colspan="2" nowrap><FONT size=2 face="serif">/s/ J</FONT><FONT size=1 face="serif">OSEPH </FONT><FONT size=2 face="serif">C.</FONT><FONT size=1 face="serif">&nbsp; </FONT><FONT size=2 face="serif">C</FONT><FONT size=1 face="serif">URRY</FONT><FONT size=2
face="serif">,</FONT><FONT size=1 face="serif">&nbsp; </FONT><FONT size=2 face="serif">J</FONT><FONT size=1 face="serif">R</FONT><FONT size=2 face="serif">. </FONT></TD>
  </TR>
  <TR>
    <TD nowrap>&nbsp;</TD>
    <TD width="34%" nowrap><HR noshade size=1></TD>
    <TD width="16%" nowrap>&nbsp;</TD>
  </TR>
  <TR>
    <TD nowrap>&nbsp;</TD>
    <TD colspan="2" nowrap><FONT size=2 face="serif">Joseph C. Curry, Jr. <br>
    Senior Vice President and Treasurer <br>
    (Principal Financial Officer)</FONT></TD>
  </TR>
  <TR>
    <TD nowrap>&nbsp;</TD>
    <TD colspan="2" nowrap>&nbsp;</TD>
  </TR>
  <TR>
    <TD nowrap>&nbsp;</TD>
    <TD colspan="2" nowrap>&nbsp;</TD>
  </TR>
</TABLE><br>
<br>

<HR noshade  width="100%" size=4>

</BODY>

</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.906CERT
<SEQUENCE>8
<FILENAME>c46569_ex99-906cert.htm
<TEXT>

<HTML>
<HEAD>
   <TITLE> -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing</TITLE>
</HEAD>

<BODY bgcolor="#ffffff">

<P align="right">

<B><FONT size=2 face="serif">EXHIBIT 99.906CERT</FONT></B>
</P>
<P align="center">
<FONT size=2 face="serif">CERTIFICATION PURSUANT TO <br>
18 U.S.C. SECTION 1350, <br>
AS ADOPTED PURSUANT TO <br>
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002</FONT></P>
<P align="left">
<FONT size=2 face="serif">In connection with the Annual Report of DNP Select Income Fund Inc. (the &#147;Company&#148;) on Form N-CSR for the period ending December 31, 2006 as filed with the Securities and Exchange Commission on the date hereof
(the &#147;Report&#148;), I, Nathan I. Partain, President and Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. ss. 1350, as adopted pursuant to ss. 906 of the Sarbanes-Oxley Act of 2002, that: </FONT></P>
<P align="left">
<FONT size=2 face="serif">1. The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and </FONT></P>
<P align="left">
<FONT size=2 face="serif">2. The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company. </FONT></P>
<P align="left">
<TABLE width="100%" cellpadding="0" cellspacing="0">
  <TR><TD width="50%" nowrap>
<FONT size=2 face="serif">Date: March 2, 2007</FONT></TD>
    <TD colspan="2" nowrap><FONT size=2 face="serif">/s/ N</FONT><FONT size=1 face="serif">ATHAN </FONT><FONT size=2 face="serif">I.</FONT><FONT size=1 face="serif">&nbsp; </FONT><FONT size=2 face="serif">P</FONT><FONT size=1 face="serif">ARTAIN</FONT></TD>
</TR>
  <TR>
    <TD nowrap>&nbsp;</TD>
    <TD width="34%" nowrap><HR noshade size=1></TD>
    <TD width="16%" nowrap>&nbsp;</TD>
  </TR>
  <TR>
    <TD nowrap>&nbsp;</TD>
    <TD colspan="2" valign="bottom" nowrap><FONT size=2 face="serif">Nathan I. Partain<br>
    President and Chief Executive Officer<br>
    (Principal Executive Officer)    </FONT></TD>
  </TR>
  <TR>
    <TD nowrap>&nbsp;</TD>
    <TD colspan="2" valign="top" nowrap>&nbsp;      </TD>
  </TR>
</TABLE>

<P align="left">
<FONT size=2 face="serif">This Section 906 certification is being furnished to the SEC, rather than filed with the SEC, as permitted under applicable SEC rules. </FONT></P>

<HR noshade  width="100%" size=4>

<P style="page-break-before:always"></P><PAGE>
<A name="page_2"></A>

<P align="center">
<FONT size=2 face="serif">CERTIFICATION PURSUANT TO <br>
18 U.S.C. SECTION 1350, <br>
AS ADOPTED PURSUANT TO<br>
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002</FONT></P>
<P align="left">
<FONT size=2 face="serif">In connection with the Annual Report of DNP Select Income Fund Inc. (the &#147;Company&#148;) on Form N-CSR for the period ending December 31, 2006 as filed with the Securities and Exchange Commission on the date hereof
(the &#147;Report&#148;), I, Joseph C. Curry, Jr., Senior Vice President and Treasurer of the Company, certify, pursuant to 18 U.S.C. ss. 1350, as adopted pursuant to ss. 906 of the Sarbanes-Oxley Act of 2002, that: </FONT></P>
<P align="left">
<FONT size=2 face="serif">1. The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and </FONT></P>
<P align="left">
<FONT size=2 face="serif">2. The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company. </FONT></P>
<P align="left">
<TABLE width="100%">
  <TR>
    <TD width="50%" nowrap><FONT size=2 face="serif">Date: March 2, 2007</FONT></TD>
    <TD colspan="2" nowrap><FONT size=2 face="serif">/s/ J</FONT><FONT size=1 face="serif">OSEPH </FONT><FONT size=2 face="serif">C.</FONT><FONT size=1 face="serif">&nbsp; </FONT><FONT size=2 face="serif">C</FONT><FONT size=1 face="serif">URRY</FONT><FONT size=2
face="serif">,</FONT><FONT size=1 face="serif">&nbsp; </FONT><FONT size=2 face="serif">J</FONT><FONT size=1 face="serif">R</FONT><FONT size=2 face="serif">.</FONT></TD>
  </TR>
  <TR>
    <TD nowrap>&nbsp;</TD>
    <TD width="33%" nowrap><HR noshade size=1></TD>
    <TD width="17%" nowrap>&nbsp;</TD>
  </TR>
  <TR>
    <TD nowrap>&nbsp;</TD>
    <TD colspan="2" nowrap><FONT size=2 face="serif">Joseph C. Curry, Jr.<br>
    Senior Vice President and Treasurer <br>
    (Principal Financial Officer)</FONT></TD>
  </TR>
  <TR>
    <TD nowrap>&nbsp;</TD>
    <TD colspan="2" nowrap>&nbsp;</TD>
  </TR>
  <TR>
    <TD nowrap>&nbsp;</TD>
    <TD colspan="2" nowrap>&nbsp;</TD>
  </TR>
</TABLE>
<P align="left">
<FONT size=2 face="serif">This Section 906 certification is being furnished to the SEC, rather than filed with the SEC, as permitted under applicable SEC rules. </FONT></P>
<HR noshade  width="100%" size=4>

</BODY>

</HTML>

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