-----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,
 UzYsTv+gyHf55j6V1vFyoOeLolQxS6P6x7XnLQ6N3rDd3FeLHgVU6Pb/p3jE5+5c
 RbwQPE6o8Zmw8NBY6ycStQ==

<SEC-DOCUMENT>0001047469-06-003397.txt : 20060314
<SEC-HEADER>0001047469-06-003397.hdr.sgml : 20060314
<ACCEPTANCE-DATETIME>20060314172612
ACCESSION NUMBER:		0001047469-06-003397
CONFORMED SUBMISSION TYPE:	10-K
PUBLIC DOCUMENT COUNT:		22
CONFORMED PERIOD OF REPORT:	20051231
FILED AS OF DATE:		20060314
DATE AS OF CHANGE:		20060314

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TOOTSIE ROLL INDUSTRIES INC
		CENTRAL INDEX KEY:			0000098677
		STANDARD INDUSTRIAL CLASSIFICATION:	SUGAR & CONFECTIONERY PRODUCTS [2060]
		IRS NUMBER:				221318955
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		10-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-01361
		FILM NUMBER:		06685936

	BUSINESS ADDRESS:	
		STREET 1:		7401 S CICERO AVE
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60629
		BUSINESS PHONE:		7738383400

	MAIL ADDRESS:	
		STREET 1:		7401 S CICERO AVE
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60629

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SWEETS CO OF AMERICA INC
		DATE OF NAME CHANGE:	19660921
</SEC-HEADER>
<DOCUMENT>
<TYPE>10-K
<SEQUENCE>1
<FILENAME>a2168353z10-k.htm
<DESCRIPTION>10-K
<TEXT>
<HTML>
<HEAD>
</HEAD>
<BODY BGCOLOR="#FFFFFF" LINK=BLUE  VLINK=PURPLE>
<BR>
<FONT SIZE=3 ><A HREF="#06CHI1344_1">QuickLinks</A></FONT>
<font size=3> -- Click here to rapidly navigate through this document</font>


<P><FONT SIZE=2><I> <hr noshade width=100% align=left size=4>
<hr noshade width=100% align=left size=1>  </I></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=5><B>SECURITIES AND EXCHANGE COMMISSION<BR>  </B></FONT><FONT SIZE=2><B>Washington, D.C. 20549  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=5><B>FORM 10-K  </B></FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TD WIDTH="13%" ALIGN="CENTER" VALIGN="TOP"><FONT SIZE=2><B>(Mark One)</B></FONT></TD>
<TD WIDTH="87%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="13%" ALIGN="CENTER"><BR><FONT SIZE=3><FONT FACE="WINGDINGS">&#253;</FONT></FONT></TD>
<TD WIDTH="87%"><BR><FONT SIZE=3><B>ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</B></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 ALIGN="CENTER"><BR><FONT SIZE=2><B>For the fiscal year ended December&nbsp;31, 2005</B></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2 ALIGN="CENTER"><FONT SIZE=2><B><BR>
OR</B></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="13%" ALIGN="CENTER"><BR><FONT SIZE=3><FONT FACE="WINGDINGS">&#111;</FONT></FONT></TD>
<TD WIDTH="87%"><BR><FONT SIZE=3><B>TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</B></FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=2 ALIGN="CENTER" VALIGN="TOP"><BR><FONT SIZE=2><B>For the transition period
from&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;to&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="CENTER"><FONT SIZE=2><B> Commission file number 1-1361  </B></FONT></P>

<HR NOSHADE ALIGN="CENTER" WIDTH="120">
<P ALIGN="CENTER"><FONT SIZE=5><B>TOOTSIE ROLL INDUSTRIES,&nbsp;INC.<BR>  </B></FONT><FONT SIZE=2>(Exact name of Registrant as specified in its charter) </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="49%" ALIGN="CENTER"><FONT SIZE=2><B>Virginia</B></FONT><FONT SIZE=2><BR>
(State or other jurisdiction<BR>
of incorporation or organization)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%" ALIGN="CENTER"><FONT SIZE=2><B>22-1318955<BR> </B></FONT><FONT SIZE=2>(IRS Employer Identification No.)</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 ALIGN="CENTER" VALIGN="TOP"><BR><FONT SIZE=2><B>7401 South Cicero Avenue, Chicago, Illinois 60629</B></FONT><FONT SIZE=2><BR>
(Address of principal executive offices) (Zip Code)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=3 ALIGN="CENTER"><BR><FONT SIZE=2><B>Registrant's Telephone Number: (773) 838-3400</B></FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Securities registered pursuant to Section 12(b) of the Act: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE WIDTH="70%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="48%" ALIGN="CENTER"><FONT SIZE=1><B>Title of each class</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="48%" ALIGN="CENTER"><FONT SIZE=1><B>Name of each exchange on which registered</B></FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="48%" ALIGN="CENTER" VALIGN="TOP"><FONT SIZE=2>Common Stock&#151;Par Value $.69<SUP>4</SUP>/<SMALL>9</SMALL> Per Share</FONT></TD>
<TD WIDTH="3%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="48%" ALIGN="CENTER" VALIGN="TOP"><FONT SIZE=2>New York Stock Exchange</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Securities
registered pursuant to Section 12(g) of the Act: </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>Class B Common Stock &#151; Par Value $.69<SUP>4</SUP>/<SMALL>9</SMALL> Per Share  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule&nbsp;405 of the Securities Act. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>Yes&nbsp;&nbsp;&nbsp;&nbsp;<FONT
FACE="WINGDINGS">&#111;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="WINGDINGS">&#253;</FONT>
</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicate by check mark if the registrant is not required to file reports pursuant to Section&nbsp;13 or Section&nbsp;15(d) of the Act. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>Yes&nbsp;&nbsp;&nbsp;&nbsp;<FONT
FACE="WINGDINGS">&#111;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="WINGDINGS">&#253;</FONT>
</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicate by check mark whether the registrant: (1)&nbsp;has filed all reports required to be filed by Section&nbsp;13 or 15(d) of the Securities Exchange Act
of 1934 during the preceding 12&nbsp;months (or for such shorter period that the registrant was required to file such reports), and (2)&nbsp;has been subject to such filing requirements for the
past 90&nbsp;days. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Yes&nbsp;&nbsp;&nbsp;&nbsp;<FONT
FACE="WINGDINGS">&#253;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="WINGDINGS">&#111;</FONT>
</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation&nbsp;S-K is not contained herein, and will not be
contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part&nbsp;III of this Form&nbsp;10-K or any amendment to
this Form&nbsp;10-K.&nbsp;<FONT FACE="WINGDINGS">&#111;</FONT> </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer or a non-accelerated filer. See definition of
"accelerated filer and large accelerated filer" in Rule&nbsp;12b-2 of the Exchange Act. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>Large Accelerated Filer&nbsp;<FONT FACE="WINGDINGS">&#111;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accelerated
Filer&nbsp;<FONT FACE="WINGDINGS">&#253;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Non-accelerated Filer&nbsp;<FONT FACE="WINGDINGS">&#111;</FONT>  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicate by check mark whether the registrant is a shell company (as defined in Rule&nbsp;12b-2 of the Exchange Act). </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>Yes&nbsp;&nbsp;&nbsp;&nbsp;<FONT
FACE="WINGDINGS">&#111;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;&nbsp;&nbsp;&nbsp;<FONT FACE="WINGDINGS">&#253;</FONT>
</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As of March&nbsp;1, 2006, there were outstanding 35,078,809 shares of Common Stock par value $.69<SUP>4</SUP>/<SMALL>9</SMALL> per share, and 17,990,722 shares of
Class&nbsp;B Common Stock par value $.69<SUP>4</SUP>/<SMALL>9</SMALL> per share. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
of June&nbsp;30, 2005, the aggregate market value of the Common Stock (based upon the closing price of the stock on the New York Stock Exchange on such date) held by
non-affiliates was approximately $561,622,000. Class&nbsp;B Common Stock is not traded on any exchange, is restricted as to transfer or other disposition, but is convertible into Common
Stock on a share-for-share basis. Upon such conversion, the resulting shares of Common Stock are freely transferable and publicly traded. Assuming all 17,990,722 shares of
outstanding Class&nbsp;B Common Stock were converted into Common Stock, the aggregate market value of Common Stock held by non-affiliates on June&nbsp;30, 2005 (based upon the closing
price of the stock on the New York Stock Exchange on such date) would have been approximately $590,866,000. Determination of stock ownership by non-affiliates was made solely for the
purpose of this requirement, and the Registrant is not bound by these determinations for any other purpose. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>DOCUMENTS INCORPORATED BY REFERENCE  </B></FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Portions
of the Company's Annual Report to Shareholders for the year ended December&nbsp;31, 2005 (the "2005 Report") are incorporated by reference in Parts I and II of
this report and filed as an exhibit to this report. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Portions
of the Company's Definitive Proxy Statement for the Company's Annual Meeting of Shareholders (the "2006 Proxy Statement") scheduled to be held on May&nbsp;1,
2006 are incorporated by reference in Part&nbsp;III of this report. </FONT></P>

<P><FONT SIZE=2><hr
noshade width=100% align=left size=1>
<hr noshade width=100% align=left size=4> </FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=1,EFW="2168353",CP="TOOTSIE ROLL INDUSTRIES, INC.",DN="1",CHK=281347,FOLIO='blank',FILE='DISK129:[06CHI4.06CHI1344]BA1344A.;7',USER='EYOUNG',CD='13-MAR-2006;17:29' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P><FONT SIZE=2><A
NAME="page_bg1344_1_1"> </A> </FONT> <FONT SIZE=2><B>TABLE OF CONTENTS  </B></FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="78%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="13%"><FONT SIZE=2>ITEM 1.</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="82%"><FONT SIZE=2><I>Business</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" ALIGN="RIGHT" VALIGN="BOTTOM"><FONT SIZE=2>2</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="13%"><FONT SIZE=2><BR>
ITEM 1A.</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="82%"><FONT SIZE=2><I><BR>
Risk Factors</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><I><BR>&nbsp;</I></FONT></TD>
<TD WIDTH="2%" ALIGN="RIGHT" VALIGN="BOTTOM"><FONT SIZE=2><BR>
4</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="13%"><FONT SIZE=2><BR>
ITEM 1B.</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="82%"><FONT SIZE=2><I><BR>
Unresolved Staff Comments</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><I><BR>&nbsp;</I></FONT></TD>
<TD WIDTH="2%" ALIGN="RIGHT" VALIGN="BOTTOM"><FONT SIZE=2><BR>
5</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="13%"><FONT SIZE=2><BR>
ITEM 2.</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="82%"><FONT SIZE=2><I><BR>
Properties</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><I><BR>&nbsp;</I></FONT></TD>
<TD WIDTH="2%" ALIGN="RIGHT" VALIGN="BOTTOM"><FONT SIZE=2><BR>
5</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="13%"><FONT SIZE=2><BR>
ITEM 3.</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="82%"><FONT SIZE=2><I><BR>
Legal Proceedings</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><I><BR>&nbsp;</I></FONT></TD>
<TD WIDTH="2%" ALIGN="RIGHT" VALIGN="BOTTOM"><FONT SIZE=2><BR>
5</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="13%"><FONT SIZE=2><BR>
ITEM 4.</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="82%"><FONT SIZE=2><I><BR>
Submission of Matters to a Vote of Security Holders</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><I><BR>&nbsp;</I></FONT></TD>
<TD WIDTH="2%" ALIGN="RIGHT" VALIGN="BOTTOM"><FONT SIZE=2><BR>
5</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="13%"><FONT SIZE=2><BR>
ITEM 5.</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="82%"><FONT SIZE=2><I><BR>
Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><I><BR>&nbsp;</I></FONT></TD>
<TD WIDTH="2%" ALIGN="RIGHT" VALIGN="BOTTOM"><FONT SIZE=2><BR>
6</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="13%"><FONT SIZE=2><BR>
ITEM 6.</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="82%"><FONT SIZE=2><I><BR>
Selected Financial Data</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><I><BR>&nbsp;</I></FONT></TD>
<TD WIDTH="2%" ALIGN="RIGHT" VALIGN="BOTTOM"><FONT SIZE=2><BR>
6</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="13%"><FONT SIZE=2><BR>
ITEM 7.</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="82%"><FONT SIZE=2><I><BR>
Management's Discussion and Analysis of Financial Condition and Results of Operations</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><I><BR>&nbsp;</I></FONT></TD>
<TD WIDTH="2%" ALIGN="RIGHT" VALIGN="BOTTOM"><FONT SIZE=2><BR>
6</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="13%"><FONT SIZE=2><BR>
ITEM 7A.</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="82%"><FONT SIZE=2><I><BR>
Quantitative and Qualitative Disclosures About Market Risk</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><I><BR>&nbsp;</I></FONT></TD>
<TD WIDTH="2%" ALIGN="RIGHT" VALIGN="BOTTOM"><FONT SIZE=2><BR>
6</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="13%"><FONT SIZE=2><BR>
ITEM 8.</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="82%"><FONT SIZE=2><I><BR>
Financial Statements and Supplementary Data</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><I><BR>&nbsp;</I></FONT></TD>
<TD WIDTH="2%" ALIGN="RIGHT" VALIGN="BOTTOM"><FONT SIZE=2><BR>
7</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="13%"><FONT SIZE=2><BR>
ITEM 9.</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="82%"><FONT SIZE=2><I><BR>
Changes in and Disagreements with Auditors on Accounting and Financial Disclosure</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><I><BR>&nbsp;</I></FONT></TD>
<TD WIDTH="2%" ALIGN="RIGHT" VALIGN="BOTTOM"><FONT SIZE=2><BR>
7</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="13%"><FONT SIZE=2><BR>
ITEM 9A.</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="82%"><FONT SIZE=2><I><BR>
Controls and Procedures</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><I><BR>&nbsp;</I></FONT></TD>
<TD WIDTH="2%" ALIGN="RIGHT" VALIGN="BOTTOM"><FONT SIZE=2><BR>
7</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="13%"><FONT SIZE=2><BR>
ITEM 9B.</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="82%"><FONT SIZE=2><I><BR>
Other Information</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><I><BR>&nbsp;</I></FONT></TD>
<TD WIDTH="2%" ALIGN="RIGHT" VALIGN="BOTTOM"><FONT SIZE=2><BR>
7</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="13%"><FONT SIZE=2><BR>
ITEM 10.</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="82%"><FONT SIZE=2><I><BR>
Directors and Executive Officers of the Registrant</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><I><BR>&nbsp;</I></FONT></TD>
<TD WIDTH="2%" ALIGN="RIGHT" VALIGN="BOTTOM"><FONT SIZE=2><BR>
7</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="13%"><FONT SIZE=2><BR>
ITEM 11.</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="82%"><FONT SIZE=2><I><BR>
Executive Compensation</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><I><BR>&nbsp;</I></FONT></TD>
<TD WIDTH="2%" ALIGN="RIGHT" VALIGN="BOTTOM"><FONT SIZE=2><BR>
8</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="13%"><FONT SIZE=2><BR>
ITEM 12.</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="82%"><FONT SIZE=2><I><BR>
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><I><BR>&nbsp;</I></FONT></TD>
<TD WIDTH="2%" ALIGN="RIGHT" VALIGN="BOTTOM"><FONT SIZE=2><BR>
8</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="13%"><FONT SIZE=2><BR>
ITEM 13.</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="82%"><FONT SIZE=2><I><BR>
Certain Relationships and Related Transactions</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><I><BR>&nbsp;</I></FONT></TD>
<TD WIDTH="2%" ALIGN="RIGHT" VALIGN="BOTTOM"><FONT SIZE=2><BR>
9</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="13%"><FONT SIZE=2><BR>
ITEM 14.</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="82%"><FONT SIZE=2><I><BR>
Principal Accountant Fees and Services</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><I><BR>&nbsp;</I></FONT></TD>
<TD WIDTH="2%" ALIGN="RIGHT" VALIGN="BOTTOM"><FONT SIZE=2><BR>
9</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="13%"><FONT SIZE=2><BR>
ITEM 15.</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="82%"><FONT SIZE=2><I><BR>
Exhibits and Financial Statement Schedules</I></FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><I><BR>&nbsp;</I></FONT></TD>
<TD WIDTH="2%" ALIGN="RIGHT" VALIGN="BOTTOM"><FONT SIZE=2><BR>
9</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

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

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=2,EFW="2168353",CP="TOOTSIE ROLL INDUSTRIES, INC.",DN="1",CHK=1037528,FOLIO='i',FILE='DISK129:[06CHI4.06CHI1344]BG1344A.;9',USER='EYOUNG',CD='13-MAR-2006;17:29' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="da1344_forward-looking_information"> </A>
<A NAME="toc_da1344_1"> </A>
<BR></FONT><FONT SIZE=2><B>Forward-Looking Information    <BR>    </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;From time to time, in the Company's statements and written reports, including this report, the Company discusses its expectations regarding future performance by
making certain "forward-looking statements." These forward-looking statements are based on currently available competitive, financial and economic data and management's views and assumptions regarding
future events. Such forward-looking statements are inherently uncertain, and actual results may differ materially from those expressed or implied herein. Consequently, the Company wishes to caution
readers not to place undue reliance on any forward-looking statements. In connection with the "safe harbor provisions" of the Private Securities Litigation Reform Act of 1995, the Company notes the
following factors which, among others, could cause future results to differ materially from the forward-looking statements, expectations and assumptions expressed or implied herein. Among the factors
that could impact the Company's ability to achieve its stated goals are the following: (i)&nbsp;significant competitive activity, including advertising, promotional and price competition, and
changes in consumer demand for the Company's products; (ii)&nbsp;fluctuations in the cost and availability of various raw materials; (iii)&nbsp;inherent risks in the marketplace associated with
new product introductions, including uncertainties about trade and consumer acceptance and seasonal events such as Halloween (iv)&nbsp;the effect of acquisitions on the company's results of
operations and financial condition; (v)&nbsp;the effect of changes in foreign currencies on the company's foreign subsidiaries; (vi)&nbsp;the company's reliance on third-party vendors for various
goods and services; (vii)&nbsp;the company's ability to successfully implement new production processes and lines; (viii)&nbsp;the effect of changes in assumptions, including discount rates, sales
growth and profit margins, relating to the company's impairment testing and analysis of its goodwill and trademarks;(ix)&nbsp;changes in the confectionary market place including actions taken by
major retailers and customers; customer and consumer response to marketing programs and price adjustments; (x)&nbsp;changes in governmental laws and regulations including taxes; and
(xi)&nbsp;changes in assumptions and judgments discussed under the heading "Critical Accounting Policies" included in the 2005 Report and incorporated by reference into this report. In addition, the
Company's results may be affected by general factors, such as economic conditions, political developments, currency exchange rates, interest and inflation rates, accounting standards, taxes, and laws
and regulations affecting the Company in markets where it competes. </FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=3,EFW="2168353",CP="TOOTSIE ROLL INDUSTRIES, INC.",DN="1",CHK=534998,FOLIO='blank',FILE='DISK129:[06CHI4.06CHI1344]DA1344A.;2',USER='EYOUNG',CD='13-MAR-2006;17:29' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_de1344_1_2"> </A> </FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="de1344_part_i"> </A>
<A NAME="toc_de1344_1"> </A>
<BR></FONT><FONT SIZE=2><B>PART I    <BR>    </B></FONT></P>

<P><FONT SIZE=2><A
NAME="de1344_item_1._business."> </A>
<A NAME="toc_de1344_2"> </A>
<BR></FONT><FONT SIZE=2>ITEM 1.&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT SIZE=2><I>Business.    <BR>    </I></FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tootsie Roll Industries,&nbsp;Inc. and its consolidated subsidiaries (the "Company") have been engaged in the manufacture and sale of confectionery products for
over 100&nbsp;years. This is the only industry segment in which the Company operates and is its only line of business. The majority of the Company's products are sold under the registered trademarks
TOOTSIE ROLL, TOOTSIE ROLL POPS, CHILD'S PLAY, CARAMEL APPLE POPS, CHARMS, BLOW-POP, BLUE RAZZ, ZIP-A-DEE-DOO-DA POPS, CELLA'S, MASON DOTS,
MASON CROWS, JUNIOR MINT, CHARLESTON CHEW, SUGAR DADDY, SUGAR BABIES, ANDES, FLUFFY STUFF, DUBBLE BUBBLE, RAZZLES, CRY BABY and NIK-L-NIP. In 2000, the Company acquired the
trademarks for Andes and Fluffy Stuff along with their corresponding manufacturing assets. In 2004 the Company acquired the trademarks for DUBBLE BUBBLE, RAZZLES, CRY BABY and
NIK-L-NIP along with their corresponding manufacturing assets and a 50% equity interest in a Spanish joint venture that manufactures and sells confectionery products,
principally gum, from Concord Confections,&nbsp;Inc. and its affiliates for an adjusted aggregate purchase price, including direct transactions fees and expenses, of $212,474,000. See Note&nbsp;12
of the Notes to Consolidated Financial Statements on Page 17 of the 2005 Report. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company's products are marketed in a variety of packages designed to be suitable for display and sale in different types of retail outlets. They are distributed through approximately
100 candy and grocery brokers and by the Company itself to approximately 15,000 customers throughout the United States. These customers include wholesale distributors of candy and groceries,
supermarkets, variety stores, dollar stores, chain grocers, drug chains, discount chains, cooperative grocery associations, warehouse and membership club stores, vending machine operators, the U. S.
military and fund-raising charitable organizations. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company's principal markets are in the United States, Canada and Mexico. The Company's Mexican plant supplies a very small percentage of the products marketed in the United States
and Canada. The majority of production from the Company's Canadian plants is sold in the United States. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
domestic confectionery business is highly competitive. The Company competes primarily with other manufacturers of bar candy, bagged candy and bubble gum of the type sold in the above
mentioned stores. Although accurate statistics are not available, the Company believes it is among the ten largest domestic manufacturers in this field. In the markets in which the Company competes,
the main forms of competition comprise brand recognition as well as a fair price for our products at various retail price points. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company did not have a material backlog of firm orders at the end of the calendar years 2005 or 2004. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Packaging
materials and ingredients used by the Company are readily obtainable from a number of suppliers at competitive prices. Cocoa prices declined from recent historic highs due to
improved supplies from the Ivory Coast, the world's largest producer. Vegetable oil prices were higher due to weather-related crop yield declines in certain foreign markets that effect world supply
and pricing. The domestic price of both raw and refined sugar increased toward the end of 2005 due to supply disruptions from a lower than expected crop of beet sugar and hurricane Katrina. Packaging
material costs, including films, cartons, corrugated containers and waxed paper, were higher in 2005, in part due to tighter supplies and higher oil prices. The Company continues to seek competitive
bids to leverage the high volume of annual purchases it makes of these items and to lower per unit costs. The Company has engaged in hedging transactions, primarily in sugar, corn syrup and soybean
oil and may do so in </FONT></P>

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

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=4,EFW="2168353",CP="TOOTSIE ROLL INDUSTRIES, INC.",DN="1",CHK=846281,FOLIO='2',FILE='DISK129:[06CHI4.06CHI1344]DE1344A.;7',USER='EYOUNG',CD='13-MAR-2006;17:29' -->
<A NAME="page_de1344_1_3"> </A>
<BR>

<P><FONT SIZE=2>the
future if and when advisable. From time to time, the Company changes the size of certain of its products, which are usually sold at standard prices, to reflect significant changes in raw material
costs. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company does not hold any material patents, licenses, franchises or concessions. The Company's major trademarks are registered in the United States and in many other countries.
Continued trademark protection is of material importance to the Company's business as a whole. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Although
the Company does develop new products, including product line extensions for existing brands, the Company does not expend material amounts of money on research or development
activities. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company's compliance with Federal, State and local regulations which have been enacted or adopted regulating the discharge of materials into the environment, or otherwise relating to
the protection of the environment, has not had a material effect on the capital expenditures, earnings or competitive position of the Company nor does the Company anticipate any such material effects
from presently enacted or adopted regulations. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company employs approximately 2,200 persons. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company has found that its sales normally maintain a consistent level throughout the year except for a substantial upsurge in the third quarter which reflects sales associated with
Halloween. In anticipation of this high sales period, the Company generally begins its Halloween inventory build-up in the second quarter of each year. The Company historically offers
extended credit terms for sales made under Halloween sales programs. Each year, after Halloween receivables have been collected, the Company invests such funds in various temporary cash investments. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Revenues
from Wal-Mart Stores,&nbsp;Inc. aggregated approximately 24.0%, 20.8%, and 20.6% of total net sales during the years ended December&nbsp;31, 2005, 2004 and 2003,
respectively. Although no other customer other than Wal-Mart Stores,&nbsp;Inc. accounted for more than 10% of net sales, the loss of one or more significant customers could have a
material adverse effect on the Company's business. In early 2006, one customer of the business acquired from Concord Confections terminated a contract manufacturing arrangement which accounted for
approximately 2% of net sales in 2005. Although management anticipates the Company will generate sufficient additional sales throughout its business to offset the loss of this customer, that cannot be
assured. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
a summary of sales and long-lived assets of the Company by geographic area and additional information regarding the foreign subsidiaries of the Company, see Note&nbsp;9
of the Notes to Consolidated Financial Statements on Page 16 of the 2005 Report and on Page 4 of the 2005 Report under the section entitled "International." Note&nbsp;9 and the aforesaid section are
incorporated herein by reference. Portions of the 2005 Report are filed as an exhibit to this report. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Information
regarding the Company's annual reports on Form&nbsp;10-K, quarterly reports on Form&nbsp;10-Q, current reports on Form&nbsp;8-K, and
any amendments to these reports, will be made available, free of charge, upon written request to Tootsie Roll Industries,&nbsp;Inc., 7401 South Cicero Avenue, Chicago, Illinois 60629, Attention:
Barry Bowen, Treasurer and Assistant Secretary. The Company does not make such reports available on its website at www.tootsie.com because it believes that they are readily available from the
Securities Exchange Commission at </FONT><FONT SIZE=2><I>www.sec.gov</I></FONT><FONT SIZE=2>, and because the Company provides them free of charge upon request. Interested parties, including
shareholders, may communicate to the Board of Directors or any individual director in writing, by regular mail, addressed to the Board of Directors or an individual director, in care of Tootsie Roll
Industries,&nbsp;Inc., 7401 South Cicero Avenue, Chicago, Illinois 60629, Attention: Ellen R. Gordon, President. If you wish to communicate directly with the Company's non-employee
directors, please note that on the cover of the communication. </FONT></P>

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

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=5,EFW="2168353",CP="TOOTSIE ROLL INDUSTRIES, INC.",DN="1",CHK=254307,FOLIO='3',FILE='DISK129:[06CHI4.06CHI1344]DE1344A.;7',USER='EYOUNG',CD='13-MAR-2006;17:29' -->
<A NAME="page_de1344_1_4"> </A>
<BR>

<P><FONT SIZE=2><A
NAME="de1344_item_1a._risk_factors"> </A>
<A NAME="toc_de1344_3"> </A>
<BR></FONT><FONT SIZE=2>ITEM 1A.&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT SIZE=2><I>Risk Factors    <BR>    </I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Significant factors that could impact the Company's financial condition or results of operations include, without limitation, the following: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2><B>Changes in the price of raw materials&#151;</B></FONT><FONT SIZE=2>The packaging materials and several of the principal ingredients used by
the Company are subject to price volatility. Although the Company engages in commodity hedging transactions and seeks to leverage the high volume of its annual purchases, the Company may experience
price increases in these raw materials that it may not be able to offset, which could have an adverse impact on the Company's results of operations and financial condition.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2><B>Changes in product performance and competition</B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The Company competes with other well-established manufacturers of
confectionery products. A failure of new or existing products to be favorably received, a failure to retain preferred shelf space at retail or a failure to sufficiently counter aggressive competitive
actions could have an adverse impact on the Company's results of operations and financial condition.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2><B>Discounting and other competitive actions</B></FONT><FONT SIZE=2>&#151;Discounting and other competitive actions may make it more difficult
for the Company to maintain its operating margins.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2><B>Dependence on customers</B></FONT><FONT SIZE=2>&#151;The Company's largest customer, Wal-Mart Stores, Inc., accounted for approximately 24.0%
of total net sales in 2005. The loss of Wal-Mart or one or more other large customers, or a material decrease in purchases by one or more large customers, could result in decreased sales and adversely
impact the Company's results of operations and financial condition.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2><B>Changes in consumer preferences and tastes</B></FONT><FONT SIZE=2>&#151;Failure to adequately anticipate and react to changing demographics,
consumer trends, consumer health concerns and product preferences could have an adverse impact on the Company's results of operations and financial condition.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2><B>Governmental laws and regulations</B></FONT><FONT SIZE=2>&#151;Governmental laws and regulations, including food and drug laws, laws related
to advertising and marketing practices, accounting standards, taxation requirements, competition laws, employment laws and environmental laws, both in and outside the U.S, could adversely impact the
Company's results of operations and ability to compete in domestic or foreign marketplaces.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2><B>Labor stoppages</B></FONT><FONT SIZE=2>&#151;To the extent the Company experiences any material labor stoppages, such disputes or strikes
could negatively affect shipments from suppliers or shipments of finished product.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2><B>Changes to Certain Post-Retirement Benefit Obligations</B></FONT><FONT SIZE=2>&#151;Cash expenditures and costs for post-retirement health
insurance benefits could be materially higher than the Company has predicted if health care cost trend assumptions and discount rates prove to be incorrect. Moreover, regulatory changes could increase
the Company's obligations to provide these or additional benefits.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>&#149;</FONT></DT><DD><FONT SIZE=2><B>International operations</B></FONT><FONT SIZE=2>&#151;While the countries in which the Company operates tend to be politically, socially and
economically stable, to the extent there is political or social unrest, civil war, terrorism or significant economic instability, the results of the Company's business in such countries could be
adversely impacted. Currency exchange rate fluctuations between the U.S. dollar and foreign currencies could have an adverse impact on the Company's results of operations and financial condition. </FONT></DD></DL>
</UL>
<P ALIGN="CENTER"><FONT SIZE=2>4</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=6,EFW="2168353",CP="TOOTSIE ROLL INDUSTRIES, INC.",DN="1",CHK=372803,FOLIO='4',FILE='DISK129:[06CHI4.06CHI1344]DE1344A.;7',USER='EYOUNG',CD='13-MAR-2006;17:29' -->
<A NAME="page_de1344_1_5"> </A>
<UL>
<UL>
</UL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
factors identified above are believed to be significant factors, but not necessarily all of the significant factors, that could impact our business. Unpredictable or unknown factors
could also have material effects on the Company. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Additional
significant factors that may affect the Company's operations, performance and business results include the risks and uncertainties listed from time to time in filings with the
Securities and Exchange Commission and the risk factors or uncertainties listed herein or listed in any document incorporated by reference herein. </FONT></P>

<P><FONT SIZE=2><A
NAME="de1344_item_1b._unresolved_staff_comments."> </A>
<A NAME="toc_de1344_4"> </A>
<BR></FONT><FONT SIZE=2>ITEM 1B.&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT SIZE=2><I>Unresolved Staff Comments.    <BR>    </I></FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;None. </FONT></P>

<P><FONT SIZE=2><A
NAME="de1344_item_2._properties."> </A>
<A NAME="toc_de1344_5"> </A>
<BR></FONT><FONT SIZE=2>ITEM 2.&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT SIZE=2><I>Properties.    <BR>    </I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company owns its principal plant and offices which are located in Chicago, Illinois in a building consisting of approximately 2,225,000 square feet which is
utilized for offices, manufacturing and warehousing. In addition to owning the principal plant and warehousing facilities mentioned above, the Company leases manufacturing and warehousing facilities
at a second location in Chicago which comprises 138,000 square feet. The lease is renewable by the Company every five years through June, 2011. The Company also periodically leases additional
warehousing space at this second location as needed on a month to month basis. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company's other principal manufacturing facilities, all of which are owned, are: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE WIDTH="65%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="81%" ALIGN="LEFT"><FONT SIZE=1><B>Location<BR> </B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="13%" ALIGN="CENTER"><FONT SIZE=1><B>Square Feet(a)</B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="81%"><FONT SIZE=2>Covington, Tennessee</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>685,000</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="81%"><FONT SIZE=2>Cambridge, Massachusetts</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>142,000</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="81%"><FONT SIZE=2>Delevan, Wisconsin</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>162,000</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="81%"><FONT SIZE=2>Concord, Ontario, Canada</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>280,500</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>(b)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="81%"><FONT SIZE=2>Mexico City, Mexico</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>90,000</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->

<HR NOSHADE ALIGN="LEFT" WIDTH="120">
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(a)</FONT></DT><DD><FONT SIZE=2>Square
footage is approximate and includes production, warehousing and office space.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(b)</FONT></DT><DD><FONT SIZE=2>Two
facilities; a third owned facility, comprising 225,000 square feet of warehousing space, and which is excluded from the reported totals above, is leased to a third party. </FONT></DD></DL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company owns substantially all of the production machinery and equipment located in its plants and considers that all of its facilities are well maintained, in good operating
condition and adequately insured. </FONT></P>

<P><FONT SIZE=2><A
NAME="de1344_item_3._legal_proceedings."> </A>
<A NAME="toc_de1344_6"> </A>
<BR></FONT><FONT SIZE=2>ITEM 3.&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT SIZE=2><I>Legal Proceedings.    <BR>    </I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;There are no material pending legal proceedings known to the Company to which the Company or any of its subsidiaries is a party or of which any of their property
is the subject. </FONT></P>

<P><FONT SIZE=2><A
NAME="de1344_item_4._submission_of_m__de102375"> </A>
<A NAME="toc_de1344_7"> </A>
<BR></FONT><FONT SIZE=2>ITEM 4.&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT SIZE=2><I>Submission of Matters to a Vote of Security Holders.    <BR>    </I></FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No matters were submitted to a vote of the Company's shareholders through the solicitation of proxies or otherwise during the fourth quarter of 2005. </FONT></P>

<P><FONT SIZE=2><A
NAME="de1344_additional_item._execut__de102129"> </A>
<A NAME="toc_de1344_8"> </A>
<BR></FONT><FONT SIZE=2>ADDITIONAL ITEM.&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT SIZE=2><I>Executive Officers of the Registrant.    <BR>    </I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;See the information on Executive Officers set forth in the table in Part&nbsp;III, Item 10, Page 9 of this report, which is incorporated herein by reference. </FONT></P>

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

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=7,EFW="2168353",CP="TOOTSIE ROLL INDUSTRIES, INC.",DN="1",CHK=529568,FOLIO='5',FILE='DISK129:[06CHI4.06CHI1344]DE1344A.;7',USER='EYOUNG',CD='13-MAR-2006;17:29' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_dg1344_1_6"> </A> </FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="dg1344_part_ii"> </A>
<A NAME="toc_dg1344_1"> </A>
<BR></FONT><FONT SIZE=2><B>PART II    <BR>    </B></FONT></P>


<P><FONT SIZE=2><A
NAME="dg1344_item_5._market_for_registrant___ite04647"> </A>
<A NAME="toc_dg1344_2"> </A></FONT> <FONT SIZE=2>ITEM 5.&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT SIZE=2><I>Market for Registrant's Common Equity, Related Stockholder Matters and Issuer  Purchases of Equity Securities.    <BR>    </I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company's Common Stock is traded on the New York Stock Exchange. The Company's Class&nbsp;B Common Stock is subject to restrictions on transferability and
no market exists for such shares of Class&nbsp;B Common Stock. The Class&nbsp;B Common Stock is convertible at the option of the holder into shares of Common Stock on a
share-for-share basis. As of March&nbsp;4, 2006, there were approximately 4,100 and 1,500 registered holders of record of Common and Class&nbsp;B Common Stock,
respectively. In addition, the Company estimates that as of March&nbsp;4, 2006 there were 18,000 and 5,000 beneficial holders of Common and Class&nbsp;B Common Stock, respectively. For information
on the market price of, and dividends paid with respect to, the Company's Common Stock, see the section entitled "2005-2004 Quarterly Summary of Tootsie Roll Industries,&nbsp;Inc. Stock
Price and Dividends Per Share" which appears on Page 20 of the 2005 Report. This section is incorporated herein by reference and filed as an exhibit to this report. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following table sets forth information about the shares of Common Stock the Company repurchased on the open market during the quarter ended December&nbsp;31,
2005:  </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="85%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="37%" ALIGN="LEFT"><FONT SIZE=1><B>Period<BR> </B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="10%" ALIGN="CENTER"><FONT SIZE=1><B>Total Number of Shares Purchased</B></FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Average Price Paid per Share</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="16%" ALIGN="CENTER"><FONT SIZE=1><B>Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="19%" ALIGN="CENTER"><FONT SIZE=1><B>Maximum Number (or Approximate Dollar Value) of Shares that May Yet be Purchased Under the Plans or Programs</B></FONT><HR NOSHADE></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="37%"><FONT SIZE=2>Oct 2 to Oct 31</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>-0-</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="CENTER"><FONT SIZE=2>Not Applicable</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="CENTER"><FONT SIZE=2>Not Applicable</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="37%"><FONT SIZE=2>Nov 1 to Nov 30</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>172,000</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>30.12</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="CENTER"><FONT SIZE=2>Not Applicable</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="CENTER"><FONT SIZE=2>Not Applicable</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="37%"><FONT SIZE=2>Dec 1 to Dec 31</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>152,700</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>30.02</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="CENTER"><FONT SIZE=2>Not Applicable</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="CENTER"><FONT SIZE=2>Not Applicable</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="37%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="37%"><FONT SIZE=2>Total</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>324,700</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>30.06</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;While
the Company does not have a formal or publicly announced stock repurchase program, the Company's Board of Directors periodically authorizes a dollar amount for share repurchases.
The treasurer executes share repurchase transactions according to these guidelines. </FONT></P>

<P><FONT SIZE=2><A
NAME="dg1344_item_6._selected_financial_data."> </A>
<A NAME="toc_dg1344_3"> </A>
<BR></FONT><FONT SIZE=2>ITEM 6.&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT SIZE=2><I>Selected Financial Data.    <BR>    </I></FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;See the section entitled "Five Year Summary of Earnings and Financial Highlights" which appears on Page 21 of the 2005 Report. This section is incorporated herein
by reference and filed as an exhibit to this report. </FONT></P>

<P><FONT SIZE=2><A
NAME="dg1344_item_7._management_s_discussio__ite03649"> </A>
<A NAME="toc_dg1344_4"> </A>
<BR></FONT><FONT SIZE=2>ITEM 7.&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT SIZE=2><I>Management's Discussion and Analysis of Financial Condition and Results of Operations.    <BR>    </I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;See the section entitled "Management's Discussion and Analysis of Financial Condition and Results of Operations" on Pages 5-9 of the 2005 Report. This
section is incorporated herein by reference and filed as an exhibit to this report. </FONT></P>

<P><FONT SIZE=2><A
NAME="dg1344_item_7a._quantitative_and_qual__ite02650"> </A>
<A NAME="toc_dg1344_5"> </A>
<BR></FONT><FONT SIZE=2>ITEM 7A.&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT SIZE=2><I>Quantitative and Qualitative Disclosures About Market Risk.    <BR>    </I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;See the section entitled "Market Risks" in the "Management's Discussion and Analysis of Financial Condition and Results of Operations" on page 7-8 of
the 2005 Report. This section is incorporated herein by reference and filed as an exhibit to this report. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;See
also Note&nbsp;1 of the Notes of Consolidated Financial Statements commencing on Page 14 of the 2005 Report, which is incorporated herein by reference. </FONT></P>

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

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=8,EFW="2168353",CP="TOOTSIE ROLL INDUSTRIES, INC.",DN="1",CHK=550392,FOLIO='6',FILE='DISK129:[06CHI4.06CHI1344]DG1344A.;9',USER='EYOUNG',CD='13-MAR-2006;17:30' -->
<A NAME="page_dg1344_1_7"> </A>
<BR>

<P><FONT SIZE=2><A
NAME="dg1344_item_8._financial_statements_and_supplementary_data."> </A>
<A NAME="toc_dg1344_6"> </A>
<BR></FONT><FONT SIZE=2>ITEM 8.&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT SIZE=2><I>Financial Statements and Supplementary Data.    <BR>    </I></FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The financial statements, together with the report thereon of PricewaterhouseCoopers LLP dated March 14, 2006, appearing on Pages 9-19 of the 2005
Report and the Quarterly Financial Data on Page 20 of the 2005 Report are incorporated by reference in this report. With the exception of the aforementioned information and the information
incorporated in Items 1, 5, 6, 7, 7A, and 9A, the 2005 Report is not to be deemed filed as part of this report. </FONT></P>

<P><FONT SIZE=2><A
NAME="dg1344_item_9._changes_in_and_disagre__ite03440"> </A>
<A NAME="toc_dg1344_7"> </A>
<BR></FONT><FONT SIZE=2>ITEM 9.&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT SIZE=2><I>Changes in and Disagreements with Auditors on Accounting and Financial Disclosure.    <BR>    </I></FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;None. </FONT></P>

<P><FONT SIZE=2><A
NAME="dg1344_item_9a._controls_and_procedures."> </A>
<A NAME="toc_dg1344_8"> </A>
<BR></FONT><FONT SIZE=2>ITEM 9A.&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT SIZE=2><I>Controls And Procedures.    <BR>    </I></FONT></P>

<P><FONT SIZE=2><I>Disclosure Controls and Procedures  </I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company's Chief Executive Officer and Chief Financial Officer have concluded, based on their evaluation as of the end of the period covered by this report,
that the Company's disclosure controls and procedures (as defined in Rule&nbsp;13a-15(e) of the Securities Exchange Act of 1934, as amended (the "Exchange Act")) are effective to ensure
that information required to be disclosed in the reports that the Company files or submits under the Exchange Act is (i)&nbsp;recorded, processed, summarized and reported within the time periods
specified in the Securities and Exchange Commission's rules and forms, and (ii)&nbsp;is accumulated and communicated to the Company's management, including our Chief Executive Officer and Chief
Financial Officer, as appropriate to allow timely decisions regarding required disclosure. </FONT></P>

<P><FONT SIZE=2><I>Internal Control over Financial Reporting  </I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;See
Page 18 of the 2005 Report for Management's Report on Internal Control over Financial Reporting, which is incorporated herein by reference. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;See
Page 19 of the 2005 Report for the attestation report of the Company's independent registered public accounting firm, which is incorporated herein by reference. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;There
were no changes in the Company's internal control over financial reporting during the quarter ended December&nbsp;31, 2005 that have materially affected, or are
reasonably likely to materially affect, the Company's internal control over financial reporting. </FONT></P>


<P><FONT SIZE=2><A
NAME="dg1344_item_9b._other_information."> </A>
<A NAME="toc_dg1344_9"> </A>
<BR></FONT><FONT SIZE=2>ITEM 9B.&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT SIZE=2><I>Other Information.    <BR>    </I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;None </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="dg1344_part_iii"> </A>
<A NAME="toc_dg1344_10"> </A>
<BR></FONT><FONT SIZE=2><B>PART III    <BR>    </B></FONT></P>

<P><FONT SIZE=2><A
NAME="dg1344_item_10._directors_and___dg102261"> </A>
<A NAME="toc_dg1344_11"> </A>
<BR></FONT><FONT SIZE=2>ITEM 10.&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT SIZE=2><I>Directors and Executive Officers of the Registrant.    <BR>    </I></FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;See the information with respect to the Directors of the Company which is set forth in the section entitled "Election of Directors" of the 2006 Proxy Statement.
Except for the last paragraph of this section relating to the compensation of Directors, this section of the 2006 Proxy Statement is incorporated herein by reference. See the information in the
section entitled "Section&nbsp;16(a) Beneficial Ownership Reporting Compliance" of the Company's 2006 Proxy Statement, which section is incorporated herein by reference. </FONT></P>

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

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=9,EFW="2168353",CP="TOOTSIE ROLL INDUSTRIES, INC.",DN="1",CHK=480362,FOLIO='7',FILE='DISK129:[06CHI4.06CHI1344]DG1344A.;9',USER='EYOUNG',CD='13-MAR-2006;17:30' -->
<A NAME="page_dg1344_1_8"> </A>
<BR>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following table sets forth the information with respect to the executive officers of the Company: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="78%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="31%" ALIGN="LEFT"><FONT SIZE=1><B>Name<BR> </B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="59%" ALIGN="LEFT"><FONT SIZE=1><B>Position(1)<BR> </B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="5%" ALIGN="CENTER"><FONT SIZE=1><B>Age</B></FONT><HR NOSHADE></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2>Melvin J. Gordon*</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="59%"><FONT SIZE=2>Chairman of the Board and Chief Executive Officer(2)</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2>86</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><BR>
Ellen R. Gordon*</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="59%"><FONT SIZE=2><BR>
President and Chief Operating Officer(2)</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2><BR>
74</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><BR>
G. Howard Ember Jr.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="59%"><FONT SIZE=2><BR>
Vice President/Finance</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2><BR>
53</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><BR>
John W. Newlin Jr.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="59%"><FONT SIZE=2><BR>
Vice President/Manufacturing</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2><BR>
68</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><BR>
Thomas E. Corr</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="59%"><FONT SIZE=2><BR>
Vice President/Marketing and Sales</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2><BR>
57</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><BR>
John P. Majors</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="59%"><FONT SIZE=2><BR>
Vice President/Distribution</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2><BR>
44</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="31%"><FONT SIZE=2><BR>
Barry P. Bowen</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="59%"><FONT SIZE=2><BR>
Treasurer</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2><BR>
50</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<HR NOSHADE ALIGN="LEFT" WIDTH="120">
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>*</FONT></DT><DD><FONT SIZE=2>A
member of the Board of Directors of the Company
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(1)</FONT></DT><DD><FONT SIZE=2>All
of the above named officers other than Mr.&nbsp;Majors have served in the positions set forth in the table as their principal occupations for more than the past ten years. From
January, 2000 until joining the Company in October, 2004 Mr.&nbsp;Majors was employed by The Pepsi Bottling Group in various senior logistics management positions. Mr.&nbsp;and Mrs.&nbsp;Gordon
also serve as President and Vice President, respectively of HDI Investment Corp., a family investment company.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(2)</FONT></DT><DD><FONT SIZE=2>Melvin
J. Gordon and Ellen R. Gordon are husband and wife. </FONT></DD></DL>
<BR>

<P><FONT SIZE=2><I>Code of Ethics  </I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company has a Code of Business Conduct and Ethics, which applies to all of the Company's directors and employees, and which meets the Securities Exchange
Commission criteria for a "code of ethics." The Code of Ethics is available on the Company's website, located at </FONT><FONT SIZE=2><I>www.tootsie.com</I></FONT><FONT SIZE=2>, and the information in
such Code of Conduct is available in print to any shareholder who requests a copy</FONT><FONT SIZE=2><I>.</I></FONT></P>

<P><FONT SIZE=2><A
NAME="dg1344_item_11._executive_compensation."> </A>
<A NAME="toc_dg1344_12"> </A>
<BR></FONT><FONT SIZE=2>ITEM 11.&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT SIZE=2><I>Executive Compensation.    <BR>    </I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;See the information set forth in the section entitled "Executive Compensation and Other Information" of the Company's 2006 Proxy Statement. Except for the "Report
on Executive Compensation" and "Performance Graph," this section of the 2006 Proxy Statement is incorporated herein by reference. See the last paragraph of the section entitled "Election of Directors"
of the 2006 Proxy Statement relating to the compensation of Directors, which paragraph is incorporated herein by reference. </FONT></P>

<P><FONT SIZE=2><A
NAME="dg1344_item_12._security_ownership_of__ite03985"> </A>
<A NAME="toc_dg1344_13"> </A>
<BR></FONT><FONT SIZE=2>ITEM 12.&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT SIZE=2><I>Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.    <BR>    </I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For information with respect to the beneficial ownership of the Company's Common Stock and Class&nbsp;B Common Stock by the beneficial owners of more than 5% of
said shares and by the management of the Company, see the sections entitled "Ownership of Common Stock and Class&nbsp;B Common Stock by Certain Beneficial Owners" and "Ownership of Common Stock and
Class&nbsp;B Common Stock by Management" of the 2006 Proxy Statement. These sections of the 2006 Proxy Statement are incorporated herein by reference. The Company does not have any compensation
plans under which equity securities of the Company are authorized for issuance. </FONT></P>

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

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=10,EFW="2168353",CP="TOOTSIE ROLL INDUSTRIES, INC.",DN="1",CHK=219748,FOLIO='8',FILE='DISK129:[06CHI4.06CHI1344]DG1344A.;9',USER='EYOUNG',CD='13-MAR-2006;17:30' -->
<A NAME="page_dg1344_1_9"> </A>
<BR>

<P><FONT SIZE=2><A
NAME="dg1344_item_13._certain_relati__dg102104"> </A>
<A NAME="toc_dg1344_14"> </A>
<BR></FONT><FONT SIZE=2>ITEM 13.&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT SIZE=2><I>Certain Relationships and Related Transactions.    <BR>    </I></FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;See the section entitled "Certain Relationships and Related Transactions" of the 2006 Proxy Statement, which is incorporated herein by reference. </FONT></P>

<P><FONT SIZE=2><A
NAME="dg1344_item_14._principal_accountant_fees_and_services."> </A>
<A NAME="toc_dg1344_15"> </A>
<BR></FONT><FONT SIZE=2>ITEM 14.&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT SIZE=2><I>Principal Accountant Fees and Services.    <BR>    </I></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;See the section entitled "Independent Auditor Fees and Services" of the 2006 Proxy Statement, which is incorporated herein by reference. </FONT></P>


<P><FONT SIZE=2><A
NAME="dg1344_item_15._exhibits_and_financial_statement_schedule."> </A>
<A NAME="toc_dg1344_16"> </A>
<BR></FONT><FONT SIZE=2>ITEM 15.&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT SIZE=2><I>Exhibits and Financial Statement Schedule.    <BR>    </I></FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(a)</FONT></DT><DD><FONT SIZE=2>Financial
Statements. </FONT></DD></DL>
</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following financial statements and schedule are filed as part of this report: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(1)</FONT></DT><DD><FONT SIZE=2>Financial
Statements (filed herewith as part of Exhibit&nbsp;13): </FONT></DD></DL>
<UL>

<P><FONT SIZE=2>Report
of Independent Registered Public Accounting Firm </FONT></P>

<P><FONT SIZE=2>Consolidated
Statements of Earnings, Comprehensive Earnings and Retained Earnings for the three years ended December&nbsp;31, 2005 </FONT></P>

<P><FONT SIZE=2>Consolidated
Statements of Cash Flows for the three years ended December&nbsp;31, 2005 </FONT></P>

<P><FONT SIZE=2>Consolidated
Statements of Financial Position at December&nbsp;31, 2005 and 2004 </FONT></P>


<P><FONT SIZE=2>Notes
to Consolidated Financial Statements </FONT></P>

</UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(2)</FONT></DT><DD><FONT SIZE=2>Financial
Statement Schedule: </FONT></DD></DL>
<UL>

<P><FONT SIZE=2>Report
of Independent Registered Public Accounting Firm on Financial Statement Schedule </FONT></P>

<P><FONT SIZE=2>For
the three years ended December&nbsp;31, 2005&#151;Valuation and Qualifying Accounts </FONT></P>

<P><FONT SIZE=2>All
other schedules are omitted because they are not applicable or the required information is shown in the financial statements or notes thereto. </FONT></P>

</UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(3)</FONT></DT><DD><FONT SIZE=2>Exhibits
required by Item 601 of Regulation&nbsp;S-K: </FONT></DD></DL>
<UL>

<P><FONT SIZE=2>See
Index to Exhibits which appears following Financial Schedule&nbsp;II. </FONT></P>

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

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=11,EFW="2168353",CP="TOOTSIE ROLL INDUSTRIES, INC.",DN="1",CHK=790087,FOLIO='9',FILE='DISK129:[06CHI4.06CHI1344]DG1344A.;9',USER='EYOUNG',CD='13-MAR-2006;17:30' -->
<UL>
<UL>
</UL>
</UL>
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="page_jc1344_1_10"> </A> </FONT></P>

<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="jc1344_signatures"> </A>
<A NAME="toc_jc1344_1"> </A>
<BR></FONT><FONT SIZE=2><B>SIGNATURES    <BR>    </B></FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of Section&nbsp;13 or 15 (d)&nbsp;of the Securities Exchange Act of 1934, Tootsie Roll Industries,&nbsp;Inc., has duly caused
this report to be signed on its behalf by the undersigned, thereunto duly authorized. </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="55%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>TOOTSIE ROLL INDUSTRIES,&nbsp;INC.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="55%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="34%" ALIGN="CENTER"><FONT SIZE=2><BR>
Melvin J. Gordon</FONT><HR NOSHADE><FONT SIZE=2> Melvin J. Gordon, Chairman of the Board of Directors and Chief Executive Officer</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="55%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2><BR>
Date:</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="34%"><FONT SIZE=2><BR>
March&nbsp;14, 2006</FONT><HR NOSHADE></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of the Securities Exchange Act of 1934, 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>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="81%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="38%"><FONT SIZE=2>Melvin J. Gordon</FONT><HR NOSHADE><FONT SIZE=2> Melvin J. Gordon</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="38%"><FONT SIZE=2>Chairman of the Board of Directors and Chief Executive Officer (principal executive officer)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%"><FONT SIZE=2>March 14, 2006</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="38%"><FONT SIZE=2><BR>
Ellen R. Gordon</FONT><HR NOSHADE><FONT SIZE=2> Ellen R. Gordon</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="38%"><FONT SIZE=2><BR>
Director, President and Chief Operating Officer</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="19%"><FONT SIZE=2><BR>
March 14, 2006</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="38%" VALIGN="TOP"><FONT SIZE=2><BR>
Barre A. Seibert</FONT><HR NOSHADE><FONT SIZE=2> Barre A. Seibert</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="38%" VALIGN="TOP"><FONT SIZE=2><BR>
Director</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="19%" VALIGN="TOP"><FONT SIZE=2><BR>
March 14, 2006</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="38%" VALIGN="TOP"><FONT SIZE=2><BR>
Lana Jane Lewis-Brent</FONT><HR NOSHADE><FONT SIZE=2> Lana Jane Lewis-Brent</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="38%" VALIGN="TOP"><FONT SIZE=2><BR>
Director</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="19%" VALIGN="TOP"><FONT SIZE=2><BR>
March 14, 2006</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="38%" VALIGN="TOP"><FONT SIZE=2><BR>
Richard P. Bergeman</FONT><HR NOSHADE><FONT SIZE=2> Richard P. Bergeman</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="38%" VALIGN="TOP"><FONT SIZE=2><BR>
Director</FONT></TD>
<TD WIDTH="2%" VALIGN="TOP"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="19%" VALIGN="TOP"><FONT SIZE=2><BR>
March 14, 2006</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="38%"><FONT SIZE=2><BR>
G. Howard Ember, Jr.</FONT><HR NOSHADE><FONT SIZE=2> G. Howard Ember, Jr.</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="38%"><FONT SIZE=2><BR>
Vice President, Finance (principal financial officer and principal accounting officer)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="19%"><FONT SIZE=2><BR>
March 14, 2006</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

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

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=12,EFW="2168353",CP="TOOTSIE ROLL INDUSTRIES, INC.",DN="1",CHK=352980,FOLIO='10',FILE='DISK129:[06CHI4.06CHI1344]JC1344A.;5',USER='EYOUNG',CD='13-MAR-2006;17:30' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="je1344_report_of_independent_register__rep03528"> </A>
<A NAME="toc_je1344_1"> </A>
<BR></FONT><FONT SIZE=2><B>REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM ON<BR>  FINANCIAL STATEMENT SCHEDULE    <BR>    </B></FONT></P>

<P><FONT SIZE=2>To
the Board of Directors of<BR>
Tootsie Roll Industries,&nbsp;Inc.: </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our
audits of the consolidated financial statements, of management's assessment of the effectiveness of internal control over financial reporting and of the effectiveness of internal
control over financial reporting referred to in our report dated March&nbsp;14, 2006 appearing in the 2005 Annual Report to Shareholders of Tootsie Roll Industries,&nbsp;Inc. (which report,
consolidated financial statements and assessment are incorporated by reference in this Annual Report on Form&nbsp;10-K) also included an audit of the financial statement schedule listed
in Item 15(a)(2) of this Form&nbsp;10-K. In our opinion, this financial statement schedule presents fairly, in all material respects, the information set forth therein when read in
conjunction with the related consolidated financial statements. </FONT></P>

<P><FONT SIZE=2>PricewaterhouseCoopers
LLP </FONT></P>

<P><FONT SIZE=2>Chicago,
Illinois<BR>
March&nbsp;14, 2006 </FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=13,EFW="2168353",CP="TOOTSIE ROLL INDUSTRIES, INC.",DN="1",CHK=1520,FOLIO='blank',FILE='DISK129:[06CHI4.06CHI1344]JE1344A.;3',USER='EYOUNG',CD='13-MAR-2006;17:30' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="jg1344_tootsie_roll_industries,_inc.___too04254"> </A>
<A NAME="toc_jg1344_1"> </A>
<BR></FONT><FONT SIZE=2><B>TOOTSIE ROLL INDUSTRIES,&nbsp;INC.<BR>  AND SUBSIDIARY COMPANIES<BR>  <BR>    SCHEDULE II&#151;VALUATION AND QUALIFYING ACCOUNTS    <BR>    <BR>    DECEMBER 31, 2005, 2004 AND 2003    <BR>    </B></FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="95%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1><B>Description<BR> </B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Balance at<BR>
beginning<BR>
of year</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Additions<BR>
charged to<BR>
costs and<BR>
expenses</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Deductions(1)</B></FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1><B>Balance at<BR>
End of<BR>
Year</B></FONT><HR NOSHADE></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>2005:</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="38%"><FONT SIZE=2>Reserve for bad debts</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>1,954,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>122,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>373,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>1,703,000</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="38%"><FONT SIZE=2>Reserve for cash discounts</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>486,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>7,400,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>7,334,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>552,000</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>2,440,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>7,522,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>7,707,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>2,255,000</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2><BR>
2004:</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="38%"><FONT SIZE=2>Reserve for bad debts</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>1,628,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>489,091</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>163,091</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>1,954,000</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="38%"><FONT SIZE=2>Reserve for cash discounts</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>342,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>7,511,842</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>7,367,842</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>486,000</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>1,970,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>8,000,933</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>7,530,933</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>2,440,000</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2><BR>
2003:</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="12%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="38%"><FONT SIZE=2>Reserve for bad debts</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>1,629,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>720,152</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>721,152</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>1,628,000</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="38%"><FONT SIZE=2>Reserve for cash discounts</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>376,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>7,260,504</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>7,294,504</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>342,000</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>2,005,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>7,980,656</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>8,015,656</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>1,970,000</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<HR NOSHADE ALIGN="LEFT" WIDTH="120">
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(1)</FONT></DT><DD><FONT SIZE=2>Deductions
against reserve for bad debts consist of accounts receivable written off net of recoveries and exchange rate movements. Deductions against reserve for cash discounts
consist of allowances to customers. </FONT></DD></DL>
<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=14,EFW="2168353",CP="TOOTSIE ROLL INDUSTRIES, INC.",DN="1",CHK=273251,FOLIO='blank',FILE='DISK129:[06CHI4.06CHI1344]JG1344A.;4',USER='EYOUNG',CD='13-MAR-2006;17:30' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<!-- TOC_END -->
<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="ka1344_index_to_exhibits"> </A>
<A NAME="toc_ka1344_1"> </A>
<BR></FONT><FONT SIZE=2><B>INDEX TO EXHIBITS    <BR>    </B></FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company hereby agrees to provide the Commission, upon request, copies of any omitted exhibits or schedules required by Item 601(b)(2) of
Regulation&nbsp;S-K. </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="79%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="9%"><FONT SIZE=2>2.1</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>Purchase Agreement dated August&nbsp;11, 2004 among the Company, Concord, certain of Concord's affiliates and Concord's stockholders, including a list of omitted exhibits and schedules. Incorporated by reference to
Exhibit&nbsp;2.1 to the Company's Report on Form&nbsp;8-K dated August&nbsp;27, 2004; Commission File No.&nbsp;1-1361.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="9%"><FONT SIZE=2><BR>
2.2</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
First Amendment to Purchase Agreement dated August&nbsp;27, 2004 among the Company, certain of the Company's affiliates, Concord, certain of Concord's affiliates and Concord's stockholders. Incorporated by reference to Exhibit&nbsp;2.2 to the
Company's Report on Form&nbsp;8-K dated August&nbsp;27, 2004; Commission File No.&nbsp;1-1361.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="9%"><FONT SIZE=2><BR>
3.1</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
Restated Articles of Incorporation. Incorporated by reference to Exhibit&nbsp;3.1 of the Company's Quarterly Report on Form&nbsp;10-Q for the quarterly period ended June&nbsp;30, 1997; Commission File No.&nbsp;1-1361.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="9%"><FONT SIZE=2><BR>
3.2</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
Amendment to Restated Articles of Incorporation. Incorporated by reference to Exhibit&nbsp;3.2 of the Company's Annual Report on Form&nbsp;10-K for the year ended December&nbsp;31, 1999; Commission File No.&nbsp;1-1361.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="9%"><FONT SIZE=2><BR>
3.3</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
Amended and Restated By-Laws. Incorporated by reference to Exhibit&nbsp;3.2 of the Company's Annual Report on Form&nbsp;10-K for the year ended December&nbsp;31, 1996; Commission File No.&nbsp;1-1361.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="9%"><FONT SIZE=2><BR>
4.1</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
Specimen Class&nbsp;B Common Stock Certificate. Incorporated by reference to Exhibit&nbsp;1.1 of the Company's Registration Statement on Form&nbsp;8-A dated February&nbsp;29, 1988. Commission File No.&nbsp;1-1361.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="9%"><FONT SIZE=2><BR>
10.8.1*</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
Excess Benefit Plan. Incorporated by reference to Exhibit&nbsp;10.8.1 of the Company's Annual Report on Form&nbsp;10-K for the year ended December&nbsp;31, 1990; Commission File No.&nbsp;1-1361.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="9%"><FONT SIZE=2><BR>
10.8.2*</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
Amended and Restated Career Achievement Plan of the Company. Incorporated by reference to Exhibit&nbsp;10.8.2 of the Company's Annual Report on Form&nbsp;10-K for the year ended December&nbsp;31, 1998; Commission File No.&nbsp;1-1361.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="9%"><FONT SIZE=2><BR>
10.8.3*</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
Amendment to the Amended and Restated Career Achievement Plan of the Company. Incorporated by reference to Exhibit&nbsp;10.8.3 of the Company's Annual Report on Form&nbsp;10-K for the year ended December&nbsp;31, 1999; Commission File
No.&nbsp;1-1361.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="9%"><FONT SIZE=2><BR>
10.12*</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
Restatement of Split Dollar Agreement (Special Trust) between the Company and the trustee of the Gordon Family 1993 Special Trust dated January&nbsp;31, 1997. Incorporated by reference to Exhibit&nbsp;10.12 of the Company's Annual Report on
Form&nbsp;10-K for the year ended December&nbsp;31, 1996; Commission File No.&nbsp;1-1361.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="9%"><FONT SIZE=2><BR>
10.21*</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
Executive Split Dollar Insurance and Collateral Assignment Agreement between the Company and G. Howard Ember Jr. dated July&nbsp;30, 1994. Incorporated by reference to Exhibit&nbsp;10.21 of the Company's Annual Report on Form&nbsp;10-K for the year
ended December&nbsp;31, 1994; Commission File No.&nbsp;1-1361.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="9%"><FONT SIZE=2><BR>
10.22*</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
Executive Split Dollar Insurance and Collateral Assignment Agreement between the Company and John W. Newlin dated July&nbsp;30, 1994. Incorporated by reference to Exhibit&nbsp;10.22 of the Company's Annual Report on Form&nbsp;10-K for the year ended
December&nbsp;31, 1994; Commission File No.&nbsp;1-1361.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="81%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- insert table folio -->
<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=15,EFW="2168353",CP="TOOTSIE ROLL INDUSTRIES, INC.",DN="1",CHK=117465,FOLIO='blank',FILE='DISK129:[06CHI4.06CHI1344]KA1344A.;6',USER='EYOUNG',CD='13-MAR-2006;17:30' -->
<!-- end of table folio -->
<TABLE WIDTH="79%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="9%"><FONT SIZE=2><BR>
10.23*</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
Executive Split Dollar Insurance and Collateral Assignment Agreement between the Company and Thomas E. Corr dated July&nbsp;30, 1994. Incorporated by reference to Exhibit&nbsp;10.23 of the Company's Annual Report on Form&nbsp;10-K for the year ended
December&nbsp;31, 1994; Commission File No.&nbsp;1-1361.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="9%"><FONT SIZE=2><BR>
10.25*</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
Form of Change In Control Agreement dated August, 1997 between the Company and certain executive officers. Incorporated by reference to Exhibit&nbsp;10.25 of the Company's Annual Report on Form&nbsp;10-K for the year ended December&nbsp;31, 1997;
Commission File No.&nbsp;1-1361.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="9%"><FONT SIZE=2><BR>
10.26*</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
Executive Split Dollar Insurance and Collateral Assignment Agreement between the Company and Barry Bowen dated April&nbsp;1, 1997. Incorporated by reference to Exhibit&nbsp;10.26 of the Company's Annual Report on Form&nbsp;10-K for the year ended
December&nbsp;31, 1997; Commission File No.&nbsp;1-1361.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="9%"><FONT SIZE=2><BR>
10.27*</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
Amendment to Split Dollar Agreement (Special Trust) dated April&nbsp;2, 1998 between the Company and the trustee of the Gordon Family 1993 Special Trust, together with related Collateral Assignments. Incorporated by reference to Exhibit&nbsp;10.27 of
the Company's Annual Report on Form&nbsp;10-K for the year ended December&nbsp;31, 1998; Commission File No.&nbsp;1-1361.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="9%"><FONT SIZE=2><BR>
10.28*</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
Tootsie Roll Industries,&nbsp;Inc. Bonus Incentive Plan. Incorporated by reference to Exhibit&nbsp;A of the Company's Proxy Statement dated March&nbsp;27, 1997; Commission File No.&nbsp;1-1361.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="9%"><FONT SIZE=2><BR>
10.29*</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
Tootsie Roll Industries,&nbsp;Inc. Bonus Incentive Plan. Incorporated by reference to Exhibit&nbsp;A of the Company's Proxy Statement dated March&nbsp;30, 2002; Commission File No.&nbsp;1-1361.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="9%"><FONT SIZE=2><BR>
10.30*</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
Executive Officer Compensation</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="9%"><FONT SIZE=2><BR>
10.31*</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
Director Compensation</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="9%"><FONT SIZE=2><BR>
10.32</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
Loan Agreement dated August&nbsp;27, 2004 between the Company and Bank of America, N.A. Incorporated by reference to Exhibit&nbsp;2.3 to the Company's Report on Form&nbsp;8-K dated August&nbsp;27, 2004, Commission File No.&nbsp;1-1361.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="9%"><FONT SIZE=2><BR>
13</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
The following items incorporated by reference herein from the Company's 2005 Annual Report to Shareholders for the year ended December&nbsp;31, 2005 (the "2005 Report"), are filed as Exhibits to this report:</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="9%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2><BR>
(i)</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="81%"><FONT SIZE=2><BR>
Information under the section entitled "International" set forth on Page 4 of the 2005 Report;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="9%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2><BR>
(ii)</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="81%"><FONT SIZE=2><BR>
Information under the section entitled "Management's Discussion and Analysis of Financial Condition and Results of Operations" set forth on Pages 5-9 of the 2005 Report;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="9%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2><BR>
(iii)</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="81%"><FONT SIZE=2><BR>
Consolidated Statement of Earnings, Comprehensive Earnings and Retained Earnings for the three years ended December&nbsp;31, 2005 set forth on Page 12 of the 2005 Report;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="9%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2><BR>
(iv)</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="81%"><FONT SIZE=2><BR>
Consolidated Statement of Financial Position at December&nbsp;31, 2005 and 2004 set forth on Pages 10-11 of the 2005 Report;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="9%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2><BR>
(v)</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="81%"><FONT SIZE=2><BR>
Consolidated Statement of Cash Flows for the three years ended December&nbsp;31, 2005 set forth on Page 13 of the 2005 Report;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="9%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2><BR>
(vi)</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="81%"><FONT SIZE=2><BR>
Notes to Consolidated Financial Statements set forth on Pages 14-17 of the 2005 Report;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="9%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2><BR>
(vii)</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="81%"><FONT SIZE=2><BR>
Management's Report on Internal Control over Financial Reporting set forth on Page 18 of the 2005 Report,</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="9%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2><BR>
(viii)</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="81%"><FONT SIZE=2><BR>
Report of Independent Registered Public Accounting Firm set forth on Page 19 of the 2005 Report;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="9%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2><BR>
(ix)</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="81%"><FONT SIZE=2><BR>
Quarterly Financial Data set forth on Page 20 of the 2005 Report;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="81%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- insert table folio -->
<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=16,EFW="2168353",CP="TOOTSIE ROLL INDUSTRIES, INC.",DN="1",CHK=1043716,FOLIO='blank',FILE='DISK129:[06CHI4.06CHI1344]KA1344A.;6',USER='EYOUNG',CD='13-MAR-2006;17:30' -->
<!-- end of table folio -->
<TABLE WIDTH="79%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="9%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2><BR>
(x)</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="81%"><FONT SIZE=2><BR>
Information under the section entitled "2005-2004 Quarterly Summary of Tootsie Roll Industries,&nbsp;Inc. Stock Price and Dividends per Share" set forth on Page 20 of the 2005 Report; and</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="9%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2><BR>
(xi)</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="81%"><FONT SIZE=2><BR>
Information under the section entitled "Five Year Summary of Earnings and Financial Highlights" set forth on Page 21 of the 2005 Report.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="9%"><FONT SIZE=2><BR>
21</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
List of Subsidiaries of the Company.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="9%"><FONT SIZE=2><BR>
31.1</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
Certification of the Chief Executive Officer pursuant to Section&nbsp;302 of the Sarbanes-Oxley Act of 2002.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="9%"><FONT SIZE=2><BR>
31.2</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
Certification of the Chief Financial Officer pursuant to Section&nbsp;302 of the Sarbanes-Oxley Act of 2002.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="9%"><FONT SIZE=2><BR>
32</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2><BR>
Certification pursuant to 18 U.S.C. Section&nbsp;1350, as adopted pursuant to Section&nbsp;906 of the Sarbanes-Oxley Act of 2002.</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<HR NOSHADE ALIGN="LEFT" WIDTH="120">
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>*</FONT></DT><DD><FONT SIZE=2>Management
compensation plan or arrangement. </FONT></DD></DL>
<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=17,EFW="2168353",CP="TOOTSIE ROLL INDUSTRIES, INC.",DN="1",CHK=444583,FOLIO='blank',FILE='DISK129:[06CHI4.06CHI1344]KA1344A.;6',USER='EYOUNG',CD='13-MAR-2006;17:30' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<BR>
<P><br><A NAME="06CHI1344_1">QuickLinks</A><br></P><!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_da1344_1">Forward-Looking Information</A></FONT><BR>
<!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_de1344_1">PART I</A></FONT><BR>
<UL>
<FONT SIZE=2><A HREF="#toc_de1344_2">ITEM 1. Business.</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_de1344_3">ITEM 1A. Risk Factors</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_de1344_4">ITEM 1B. Unresolved Staff Comments.</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_de1344_5">ITEM 2. Properties.</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_de1344_6">ITEM 3. Legal Proceedings.</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_de1344_7">ITEM 4. Submission of Matters to a Vote of Security Holders.</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_de1344_8">ADDITIONAL ITEM. Executive Officers of the Registrant.</A></FONT><BR>
</UL>
<!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_dg1344_1">PART II</A></FONT><BR>
<UL>
<FONT SIZE=2><A HREF="#toc_dg1344_2">ITEM 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_dg1344_3">ITEM 6. Selected Financial Data.</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_dg1344_4">ITEM 7. Management's Discussion and Analysis of Financial Condition and Results of Operations.</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_dg1344_5">ITEM 7A. Quantitative and Qualitative Disclosures About Market Risk.</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_dg1344_6">ITEM 8. Financial Statements and Supplementary Data.</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_dg1344_7">ITEM 9. Changes in and Disagreements with Auditors on Accounting and Financial Disclosure.</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_dg1344_8">ITEM 9A. Controls And Procedures.</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_dg1344_9">ITEM 9B. Other Information.</A></FONT><BR>
</UL>
<FONT SIZE=2><A HREF="#toc_dg1344_10">PART III</A></FONT><BR>
<UL>
<FONT SIZE=2><A HREF="#toc_dg1344_11">ITEM 10. Directors and Executive Officers of the Registrant.</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_dg1344_12">ITEM 11. Executive Compensation.</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_dg1344_13">ITEM 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_dg1344_14">ITEM 13. Certain Relationships and Related Transactions.</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_dg1344_15">ITEM 14. Principal Accountant Fees and Services.</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_dg1344_16">ITEM 15. Exhibits and Financial Statement Schedule.</A></FONT><BR>
</UL>
<!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_jc1344_1">SIGNATURES</A></FONT><BR>
<!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_je1344_1">REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM ON FINANCIAL STATEMENT SCHEDULE</A></FONT><BR>
<!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_jg1344_1">TOOTSIE ROLL INDUSTRIES, INC. AND SUBSIDIARY COMPANIES SCHEDULE II&#151;VALUATION AND QUALIFYING ACCOUNTS DECEMBER 31, 2005, 2004 AND 2003</A></FONT><BR>
<!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_ka1344_1">INDEX TO EXHIBITS</A></FONT><BR>
<!-- SEQ=,FILE='QUICKLINK',USER=SLYUBOM,SEQ=,EFW="2168353",CP="TOOTSIE ROLL INDUSTRIES, INC.",DN="1" -->
<!-- TOCEXISTFLAG -->
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.30
<SEQUENCE>2
<FILENAME>a2168353zex-10_30.htm
<DESCRIPTION>EXHIBIT 10.30
<TEXT>
<HTML>
<HEAD>
</HEAD>
<BODY BGCOLOR="#FFFFFF" LINK=BLUE  VLINK=PURPLE>
<BR>
<FONT SIZE=3 ><A HREF="#06CHI1344_2">QuickLinks</A></FONT>
<font size=3> -- Click here to rapidly navigate through this document</font>
<!-- TOC_END -->
<P ALIGN="RIGHT"><FONT SIZE=2><A
NAME="kc1344_exhibit_10.30"> </A>
<A NAME="toc_kc1344_1"> </A>
<BR></FONT><FONT SIZE=2><B>EXHIBIT 10.30    <BR>    </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="kc1344_executive_officer_compensation"> </A>
<A NAME="toc_kc1344_2"> </A>
<BR></FONT><FONT SIZE=2><B>EXECUTIVE OFFICER COMPENSATION    <BR>    </B></FONT></P>

<P><FONT SIZE=2><B>1)&nbsp;&nbsp;&nbsp;&nbsp;Base Salary  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Board of Directors annually reviews each executive officer's salary. The Board considers the following with respect to the determination of an individual
executive officer's base salary: performance and contribution to the Company, including length of service in the position, comparative compensation levels of other companies, including periodic
compensation studies performed by independent compensation and benefit consultants, overall competitive environment for executives and the level of compensation considered necessary to attract and
retain executive talent, historical compensation and performance levels for the Company; and a desire to adhere to Internal Revenue Code Section&nbsp;162(m) regulations on deductible compensation,
thus maximizing the Company's ability to receive federal income tax deductions. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Companies
used in comparative analyses for the purpose of determining each executive officer's salary are selected periodically with the assistance of professional compensation
consultants. Selection of such companies is based on a variety of factors, including market capitalization, revenue size and industry classification. The Board of Directors believes that the Company's
primary competitors for executive talent are companies with a similar market capitalization and, accordingly, relies on a broad array of companies in various industries for comparative analyses. 2006
base salary for the named executive officers is $999,000, each, for Melvin J. Gordon and Ellen R. Gordon, $976,000 for John W. Newlin, $915,000 for Thomas E. Corr, and $693,000 for G. Howard Ember. </FONT></P>

<P><FONT SIZE=2><B>2)&nbsp;&nbsp;&nbsp;&nbsp;Annual Incentives and Other Awards  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Effective January&nbsp;1, 1997, the Compensation Committee established the Tootsie Roll Industries,&nbsp;Inc. Bonus Incentive Plan. In 2001, the shareholders
approved the 2001 Bonus Incentive Plan to replace the previous Bonus Incentive Plan for 2001 and future years. The 2001 Bonus Incentive Plan was adopted to ensure the tax deductibility of the annual
bonus that may be earned by executive officers of the Company. Under the Plan, certain key employees (including employees who are also directors) designated by the Compensation Committee may receive
annual incentive compensation determined by pre-established objective performance goals. This year, all executive officers named in the summary compensation table included in this proxy
statement were eligible for the 2001 Bonus Incentive Plan. Performance goals were based on the measures, objectives and financial criteria discussed below. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annual
incentive bonuses to some executive officers and/or CAP and split-dollar insurance awards for all executive officers are made at the discretion of the Board of Directors in order
to recognize and reward each executive officer's contribution to the Company's overall performance in terms of both financial results and attainment of individual and Company goals. The annual cash
incentive bonus is designed to reward executives, as well as other management personnel, for their contributions to the Company's financial performance during the recently completed year. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
annual CAP award and/or split-dollar life insurance program is principally designed to provide an incentive to executive officers to achieve both short-term and
long-term financial and other goals, including strategic objectives. These programs are also designed to provide an incentive for the executive to remain with the Company on a
long-term basis. These awards are determined by the Board of Directors based on the performance of the Company and the executive's contribution to the growth and success of the Company. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Board of Directors considers both achievement of strategic objectives and financial performance measures in determining compensation levels. The following measures of Company
performance are considered in the determination of bonuses and awards: earnings per share, increase in sales of core brands and total sales, return on assets, return on equity; and net earnings as a
percentage of sales. </FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=1,EFW="2168353",CP="TOOTSIE ROLL INDUSTRIES, INC.",DN="2",CHK=541572,FOLIO='blank',FILE='DISK129:[06CHI4.06CHI1344]KC1344A.;3',USER='EYOUNG',CD='13-MAR-2006;17:30' -->
<BR>

<P><FONT SIZE=2><B>3)&nbsp;&nbsp;&nbsp;&nbsp;Other  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each named executive officer is provided an automobile except for Mr.&nbsp;and Mrs.&nbsp;Gordon who share an automobile and are provided with the services of
a driver. As disclosed in the proxy, Mr.&nbsp;and Mrs.&nbsp;Gordon also share the use of a corporate apartment in connection with travel to their Chicago offices and share the use of a corporate
aircraft in connection with such travel and other business purposes. Mr.&nbsp;and Mrs.&nbsp;Gordon also made personal use of the corporate aircraft at a cost of $2,639 each in 2005. No personal
use has been made in 2006. </FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=2,EFW="2168353",CP="TOOTSIE ROLL INDUSTRIES, INC.",DN="2",CHK=545318,FOLIO='blank',FILE='DISK129:[06CHI4.06CHI1344]KC1344A.;3',USER='EYOUNG',CD='13-MAR-2006;17:30' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<BR>
<P><br><A NAME="06CHI1344_2">QuickLinks</A><br></P><!-- TOC_BEGIN -->
<UL>
<FONT SIZE=2><A HREF="#toc_kc1344_1">EXHIBIT 10.30</A></FONT><BR>
</UL>
<FONT SIZE=2><A HREF="#toc_kc1344_2">EXECUTIVE OFFICER COMPENSATION</A></FONT><BR>
<!-- SEQ=,FILE='QUICKLINK',USER=SLYUBOM,SEQ=,EFW="2168353",CP="TOOTSIE ROLL INDUSTRIES, INC.",DN="2" -->
<!-- TOCEXISTFLAG -->
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.31
<SEQUENCE>3
<FILENAME>a2168353zex-10_31.htm
<DESCRIPTION>EXHIBIT 10.31
<TEXT>
<HTML>
<HEAD>
</HEAD>
<BODY BGCOLOR="#FFFFFF" LINK=BLUE  VLINK=PURPLE>
<BR>
<FONT SIZE=3 ><A HREF="#06CHI1344_3">QuickLinks</A></FONT>
<font size=3> -- Click here to rapidly navigate through this document</font>
<!-- TOC_END -->
<P ALIGN="RIGHT"><FONT SIZE=2><A
NAME="ke1344_exhibit_10.31"> </A>
<A NAME="toc_ke1344_1"> </A>
<BR></FONT><FONT SIZE=2><B>EXHIBIT 10.31    <BR>    </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="ke1344_director_compensation"> </A>
<A NAME="toc_ke1344_2"> </A>
<BR></FONT><FONT SIZE=2><B>DIRECTOR COMPENSATION    <BR>    </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mr.&nbsp;and Mrs.&nbsp;Gordon do not receive fees for their service on the Board of Directors or committees. Other directors receive an annual fee of $43,000
plus $1,250 per meeting attended. Each member of the Audit Committee receives an annual retainer of $5,000 and each member of the Compensation Committee receives $1,250 per meeting attended. The
Chairman of the Audit Committee receives an additional annual fee of $5,500. Board members are reimbursed for reasonable travel expenses in connection with attending meetings, and, in their capacity
as ambassadors of the Company, receive free samples of the Company's products at Halloween and at other times throughout the year. </FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=1,EFW="2168353",CP="TOOTSIE ROLL INDUSTRIES, INC.",DN="3",CHK=766423,FOLIO='blank',FILE='DISK129:[06CHI4.06CHI1344]KE1344A.;3',USER='EYOUNG',CD='13-MAR-2006;17:30' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<BR>
<P><br><A NAME="06CHI1344_3">QuickLinks</A><br></P><!-- TOC_BEGIN -->
<UL>
<FONT SIZE=2><A HREF="#toc_ke1344_1">EXHIBIT 10.31</A></FONT><BR>
</UL>
<FONT SIZE=2><A HREF="#toc_ke1344_2">DIRECTOR COMPENSATION</A></FONT><BR>
<!-- SEQ=,FILE='QUICKLINK',USER=SLYUBOM,SEQ=,EFW="2168353",CP="TOOTSIE ROLL INDUSTRIES, INC.",DN="3" -->
<!-- TOCEXISTFLAG -->
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-13
<SEQUENCE>4
<FILENAME>a2168353zex-13.htm
<DESCRIPTION>EXHIBIT 13
<TEXT>
<HTML>
<HEAD>
</HEAD>
<BODY BGCOLOR="#FFFFFF" LINK=BLUE  VLINK=PURPLE>
<BR>
<FONT SIZE=3 ><A HREF="#06CHI1344_4">QuickLinks</A></FONT>
<font size=3> -- Click here to rapidly navigate through this document</font>

<P><FONT SIZE=2><A
NAME="page_de1224_1_1"> </A> </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="23%"><BR><FONT SIZE=4><B><I>Corporate Profile<BR> </I></B></FONT><FONT SIZE=2>Tootsie Roll Industries, Inc. has been engaged in the manufacture and sale of confectionery products for 109&nbsp;years. Our products are primarily sold under
the familiar brand names, Tootsie Roll, Tootsie Roll Pops, Caramel Apple Pops, Child's Play, Charms, Blow Pop, Blue Razz, Cella's chocolate covered cherries, Mason Dots, Mason Crows, Junior Mints, Charleston Chew, Sugar Daddy, Sugar Babies, Andes,
Fluffy Stuff cotton candy, Dubble Bubble, Razzles, Cry&nbsp;Baby, Nik-L-Nip and EI&nbsp;Bubble.</FONT></TD>
<TD WIDTH="7%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="71%"><BR><FONT SIZE=2><B>
<IMG SRC="g947780.jpg" ALT="Melvin J. Gordon and Ellen R. Gordon" WIDTH="615" HEIGHT="426">
 </B></FONT><FONT SIZE=2><BR>
<BR></FONT> <FONT SIZE=2><I>Melvin J. Gordon, Chairman and Chief Executive Officer and Ellen R. Gordon, President and Chief Operating Officer.</I></FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="23%" VALIGN="TOP"><FONT SIZE=2><B>
<IMG SRC="g73063.jpg" ALT="TOOTSIE ROLL LOGO" WIDTH="180" HEIGHT="36">
 </B></FONT></TD>
<TD WIDTH="7%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="71%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<UL>
<UL>

<P><FONT SIZE=4><B><I>Corporate Principles  </I></B></FONT></P>

</UL>
</UL>

<P><FONT SIZE=2>We believe that the differences among companies are attributable to the caliber of their people, and therefore we strive to attract and retain superior people
for each job. </FONT></P>

<P><FONT SIZE=2>We
believe that an open family atmosphere at work combined with professional management fosters cooperation and enables each individual to maximize his or her contribution to the company and realize
the corresponding rewards. </FONT></P>

<P><FONT SIZE=2>We
do not jeopardize long-term growth for immediate, short-term results. </FONT></P>

<P><FONT SIZE=2>We
maintain a conservative financial posture in the deployment and management of our assets. </FONT></P>

<P><FONT SIZE=2>We
run a trim operation and continually strive to eliminate waste, minimize cost and implement performance improvements. </FONT></P>

<P><FONT SIZE=2>We
invest in the latest and most productive equipment to deliver the best quality product to our customers at the lowest cost. </FONT></P>

<P><FONT SIZE=2>We
seek to outsource functions where appropriate and to vertically integrate operations where it is financially advantageous to do so. </FONT></P>


<P><FONT SIZE=2>We
view our well known brands as prized assets to be aggressively advertised and promoted to each new generation of consumers. </FONT></P>

<P><FONT SIZE=2>We
conduct business with the highest ethical standards and integrity which are codified in the Company's "Code of Business Conduct and Ethics." </FONT></P>

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

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=1,EFW="2168353",CP="TOOTSIE ROLL INDUSTRIES, INC.",DN="4",CHK=788517,FOLIO='1',FILE='DISK124:[06CHI4.06CHI1224]DE1224A.;16',USER='MEVANS',CD='12-MAR-2006;17:08' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P><FONT SIZE=2><A
NAME="page_dg1224_1_2"> </A> </FONT></P>

<!-- TOC_END -->

<P><FONT SIZE=1><I> <A NAME="dg1224_to_our_shareholders"> </A>
<A NAME="toc_dg1224_1"> </A>
<BR>    </I></FONT><FONT SIZE=4><B><I>To Our Shareholders    <BR>  </I></B></FONT></P>

<HR NOSHADE>

<P><FONT SIZE=2>Sales
in 2005 reached $488&nbsp;million, an increase of $68&nbsp;million over 2004, and a new record for the Company. Sales gains resulted from a full year of operating results from the Concord
Confections business which we acquired in August, 2004, as well as from new products and growth in some of our core brands. </FONT></P>

<P><FONT SIZE=2>Net
earnings in 2005 grew to a record $77&nbsp;million as compared to the $64&nbsp;million reported in 2004.&nbsp;&nbsp;&nbsp;&nbsp;On a per share basis, net earnings grew to a record $1.44 in 2005 from
$1.19 in 2004. </FONT></P>

<P><FONT SIZE=2>The
increase in net earnings during 2005 was principally attributable to the higher sales level and a gain on the sale of surplus real estate. </FONT></P>

<P><FONT SIZE=4><B><I>Financial Highlights  </I></B></FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="50%" ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TH>
<TH COLSPAN=3 ALIGN="CENTER"><FONT SIZE=2>December&nbsp;31,<BR></FONT>
<BR></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="50%" ALIGN="CENTER"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TH>
<TH WIDTH="17%" ALIGN="CENTER"><FONT SIZE=2>2005</FONT><BR></TH>
<TH WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TH>
<TH WIDTH="19%" ALIGN="CENTER"><FONT SIZE=2>2004</FONT><BR></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH COLSPAN=5 ALIGN="CENTER"><HR NOSHADE><BR></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="50%" ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TH>
<TH COLSPAN=3 ALIGN="CENTER"><FONT SIZE=1>(in thousands except per share data)<BR></FONT>
<BR></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="50%"><FONT SIZE=2><BR>
Net Sales</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><BR><FONT SIZE=2><B>$487,739</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2><BR>
$420,110</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="50%"><FONT SIZE=2>Net Earnings</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2><B>77,227</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>64,174</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="50%"><FONT SIZE=2><BR>
Working Capital</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><BR><FONT SIZE=2><B>132,940</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2><BR>
110,376</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="50%"><FONT SIZE=2>Net Property, Plant and Equipment</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2><B>178,760</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>178,750</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="50%"><FONT SIZE=2>Shareholders' Equity</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2><B>617,405</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>570,179</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="50%"><FONT SIZE=2><BR>
Average Shares Outstanding*</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><BR><FONT SIZE=2><B>53,542</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2><BR>
53,921</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="50%"><FONT SIZE=2>Per Share Items*</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="50%"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Earnings</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2><B>$1.44</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>$1.19</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="50%"><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash Dividends Paid</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2><B>.29</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>.27</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=5><HR NOSHADE></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2>*Adjusted for stock dividends. </FONT></P>

<P><FONT SIZE=2>Among
the many highlights of 2005 was the continuing and successful integration of Concord Confections, the largest acquisition in the history of our Company. This acquisition was completed in August
of 2004, and was consistent with our strategy to pursue profitable growth through the acquisition of niche confectionery brands that complement our existing business. </FONT></P>

<P><FONT SIZE=2>We
also pursue growth through expanding distribution of our existing brands, line extensions and new product introductions. Investing in our brands, developing innovative new product offerings and
designing and executing effective promotional programs has enabled the Company to grow profitably over many years. </FONT></P>

<P><FONT SIZE=2>These
strategies were executed once again during 2005 with promising results. </FONT></P>

<P><FONT SIZE=2>Another
key component of our long term strategy is that we seek to operate state-of-the-art, or better, production facilities and to be the low cost producer for
each of our major product lines. This objective is critical to our mission as a value oriented branded confectioner, and in 2005 we invested $15&nbsp;million in capital expenditures. </FONT></P>

<P><FONT SIZE=2>While
it is our preference to finance the Company with internally generated funds we are willing to incur debt when it is prudent to do so. The Concord acquisition was partially financed with borrowed
funds and we are pleased to report that this debt was substantially paid down during 2005 through a combination of cash generated from operations and from maturing investments. </FONT></P>

<P><FONT SIZE=2>We
ended the year with cash and investments of $129&nbsp;million in excess of interest bearing debt. We also held an additional $22&nbsp;million of restricted cash at year end which arose from the
sale of surplus real estate. </FONT></P>

<P><FONT SIZE=2>Our
strong financial position enables us to distribute dividends, support our brands in the marketplace, develop new products, make investments in operating assets, and consider business acquisition
opportunities that may arise without jeopardizing the financial prospects of the Company. </FONT></P>

<P><FONT SIZE=2>During
2005 we again paid cash dividends and distributed a stock dividend. This was the sixty-third consecutive year in which the Company has paid cash dividends, which has earned us the distinction
of "Dividend Achiever" by Mergent. The 2005 stock dividend marked the forty-first consecutive year in which such a distribution has been made by the Company. </FONT></P>

<P><FONT SIZE=2><B>Sales and Marketing  </B></FONT></P>

<P><FONT SIZE=2>Targeted
consumer and trade promotions emphasize the high quality and attractive values that our well known brands provide. These have long been a key component of the sales and marketing strategy of
the Company and they remained so once again in 2005. Prominent confectionery brands such as Dubble Bubble, Cry Baby, Razzles and Nik-L-Nip that were added to our portfolio
through the Concord acquisition fit well into this strategy. </FONT></P>

<P><FONT SIZE=2>During
2005, carefully executed promotions helped to move our products into distribution and to subsequently move them off the retailer's shelf due to strong consumer take-away. Our
brands' high consumer recognition and historically high sell-through make them popular in virtually all major classes of trade. </FONT></P>

<P><FONT SIZE=2>Halloween
remains our largest selling period and thus a major focus of our marketing activities. Product initiatives such as large bags of mixed product assortments and merchandising presentations
such as pallet packs contributed to sales growth in our Halloween packaged goods line, most notably so in the grocery, mass merchandisers, warehouse clubs and drug classes of trade. </FONT></P>

<P ALIGN="RIGHT"><FONT SIZE=2>2</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=2,EFW="2168353",CP="TOOTSIE ROLL INDUSTRIES, INC.",DN="4",CHK=822132,FOLIO='2',FILE='DISK124:[06CHI4.06CHI1224]DG1224A.;52',USER='MEVANS',CD='12-MAR-2006;17:13' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P><FONT SIZE=2><A
NAME="page_di1224_1_3"> </A> </FONT> <FONT SIZE=2>In addition to our Halloween lines, our "theater" products continued to receive good consumer acceptance in the drug, mass merchandise, supermarket and dollar store trade
classes. The product presentation for this line consists of large, "theater sized" boxes with attractive display panels. </FONT></P>


<P><FONT SIZE=2>Brands
in this line include Dots, Tropical Dots, Crows, Sugar Babies, Mini-Charleston Chews, Junior Mints and Junior Caramels. With their convenient, "reclosable top" feature, these items
need not be restricted to movie theater or home video applications. They offer a delicious, value-priced snack in almost any venue. </FONT></P>

<P><FONT SIZE=2>New
products also added to sales during the year. Our familiar Tootsie Pop went tropical with the addition of Tropical Stormz. Each pop is a colorful swirl of two tangy fruit sensations, in five
different combinations. We also introduced Tropical Bunch Pops, an assortment of five great tropical flavored Tootsie Pops banded together in an attractive, ten-pop cluster. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>
<IMG SRC="g413231.jpg" ALT="GRAPHIC" WIDTH="175" HEIGHT="259">
  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=1><I>Tropical Stormz Tootsie Pops  </I></FONT></P>

<P><FONT SIZE=2>Both of these items feature the same chewy, Tootsie Roll center that has made our pop a favorite among kids of all ages for 75&nbsp;years. Of course, no
matter what variety of hard candy shell entices consumers to lick the outside of a Tootsie Pop, they can hardly resist the temptation to find out "How many licks?" it takes to get to the delicious,
chocolaty chewy center that lies within. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>
<IMG SRC="g959923.jpg" ALT="GRAPHIC" WIDTH="192" HEIGHT="276">
  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=1><I>Cherry Ice Blow Pops  </I></FONT></P>

<P><FONT SIZE=2>Blow Pops were also introduced in a cluster pack. This grouping of six delicious, bubble gum filled treats, referred to as "Flavor Zones" made a successful
debut as did the newest flavor in the Blow Pop line, "Cherry Ice." This item features a translucent sour cherry flavored hard candy shell surrounding a sour cherry flavored red bubble gum center. </FONT></P>


<P><FONT SIZE=2>Our
"Limited Edition" line of candies was expanded with the addition of Inside Outs Junior Mints, a refreshing dark chocolaty mint center enrobed in a luscious smooth white coating. This unique
confection was a natural and successful fit in our theater box line. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>
<IMG SRC="g532003.jpg" ALT="GRAPHIC" WIDTH="234" HEIGHT="142">
  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=1><I>"Inside Outs" Junior Mints  </I></FONT></P>

<P><FONT SIZE=2>Two new varieties were introduced in the Andes line. "Fall Harvest" is a blend of cocoa, toffee crunch and orange cocoa flavors in the familiar rectangular
Andes shape which are embossed with seasonal images and packaged in a fall-themed bag. Peppermint Crunch is a combination of candy cane bits encased in luscious white-chocolate which are
embossed with candy cane images. Both of these items were successful seasonal products. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>
<IMG SRC="g597301.jpg" ALT="GRAPHIC" WIDTH="211" HEIGHT="126">
  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>
<IMG SRC="g621652.jpg" ALT="GRAPHIC" WIDTH="208" HEIGHT="126">
  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=1><I>Andes Fall Harvest and Peppermint&nbsp;Crunch  </I></FONT></P>

<P><FONT SIZE=2><B>Advertising and Public Relations  </B></FONT></P>

<P><FONT SIZE=2>Television was once again used to convey our "How Many Licks?" message via a national cable TV campaign directed towards children and families. This riddle is
among the best known in advertising history, and challenges the consumer to determine the exact lick-count without biting. </FONT></P>

<P><FONT SIZE=2>As
always, many consumers responded to this message by writing to us to share their findings, and, as always, the results fall within a wide range of variability. Indeed, as stated in the ending of
our commercial, it appears that "the world may never know" the true answer! </FONT></P>

<P><FONT SIZE=2>During
2005 television personality and "Cheers" star John Ratzenberger brought his popular "Made in America" series to our Company and filmed a segment featuring Tootsie Rolls and Tootsie Pops, which
aired several times on the Travel Channel. Additional exposure was brought to our Caramel Apple Pops and Junior Caramels, which were featured on popular Food Network special interest program
"Unwrapped." In addition to these new programs, ongoing reruns on several cable programs featuring many other of our brands continue to generate positive consumer interest in the Company and its
products. </FONT></P>

<P><FONT SIZE=2>The
Company was recognized in other ways during the year. </FONT><FONT SIZE=2><I>Business Ethics</I></FONT><FONT SIZE=2> magazine ranked us among the 100 Best Corporate Citizens and KLD named us to
their Domini 400 Social Index on the strength of our leadership in corporate and social responsibility. We were also </FONT></P>

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

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=3,EFW="2168353",CP="TOOTSIE ROLL INDUSTRIES, INC.",DN="4",CHK=846479,FOLIO='3',FILE='DISK124:[06CHI4.06CHI1224]DI1224A.;33',USER='LCOUTU',CD=';8-MAR-2006;01:26' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P><FONT SIZE=2><A
NAME="page_dl1224_1_4"> </A> </FONT> <FONT SIZE=2>cited by Jeremy Siegel in his popular book "The Future for Investors" as having delivered the fourth highest return to our shareholders among all surviving S&nbsp;&amp; P 500
firms from the original index first published in 1957, and the highest among food companies. We place a high value on ethics, corporate leadership and creating shareholder value over the
long-term, and are gratified to receive distinctions such as these. </FONT></P>

<P><FONT SIZE=2>In
one of the more unusual stories we learned of in 2005, our El Bubble bubble gum cigars were used by astronaut Mike Fincke to celebrate the birth of his daughter, Tarali Paulina. While El Bubble has
long been a fun and safe way to commemorate such a special occasion, this marked the first time a baby was born to an astronaut while in orbit-and the first time, to our knowledge, that
one of our products was brought aboard the international space station! </FONT></P>

<P><FONT SIZE=2><B>Manufacturing and Distribution  </B></FONT></P>

<P><FONT SIZE=2>During 2005 we continued working on key projects that were initiated in prior years, including the reengineering and start up of a major production line. We
also approved several new projects to expand capacity in support of growing product categories in addition to ongoing efforts to streamline and automate existing processes at all of our plants, in
order to realize cost savings. </FONT></P>

<P><FONT SIZE=2>We
also undertook a comprehensive study to examine our supply chain in 2005. The focus was on reengineering the network and patterns of distribution, As a result of this study, certain changes were
implemented in 2005 and other recommendations that arose from this study are expected to be implemented early in 2006. We anticipate cost savings, lower inventories and even better customer
fulfillment as a result of this project. </FONT></P>

<P><FONT SIZE=2>As
in all aspects of our business, we keep a sharp focus on cost containment. Capital projects, process reengineering and employee training and development are all vital components of this process. </FONT></P>

<P><FONT SIZE=2><B>Purchasing  </B></FONT></P>

<P><FONT SIZE=2>Although 2005 was another year of generally low inflation as measured by the Consumer Price Index, we experienced cost pressure in certain ingredients,
packaging, transportation, fuel and energy. We continue to use hedging programs to moderate short-term commodity price fluctuations and to use competitive bidding, volume purchasing and
other means to mitigate costs to the fullest extent possible. </FONT></P>

<P><FONT SIZE=2>We
also completed the integration of procurement activities related to Concord into our bidding processes and purchasing and MRP systems during 2005. </FONT></P>

<P><FONT SIZE=2><B>Information Technology and Internal Controls  </B></FONT></P>

<P><FONT SIZE=2>Our principal information technology efforts during 2005 were in support of the Concord integration and the supply chain reengineering projects. The former
involved migrating Concord onto all of our financial and business systems, while the latter required programming modifications to support the business process changes that were made. </FONT></P>


<P><FONT SIZE=2>We
consider state of the art information technology to be a key strategic tool to deliver information and support process refinements that enable the Company to remain competitive in today's rapidly
evolving business environment. It is also a key component of our internal control system, which was successfully tested and audited during 2005, our second year of compliance with the requirements of
Section&nbsp;404 of the Sarbanes-Oxley Act. </FONT></P>

<P><FONT SIZE=2><B>International  </B></FONT></P>

<P><FONT SIZE=2>Our international sales increased during 2005 as a result of a full year of Concord foreign sales in addition to a strong year in Mexico. We manufacture and
sell products in Mexico under the Tutsi trademark. We also sell Tootsie, Charms and Concord products to Canada and over 75 other countries in Europe, Asia and South and Central America. We believe
that our well known products, including the additions of Dubble Bubble and other Concord brands, offers a compelling and broad assortment of items that can be extended to additional foreign markets. </FONT></P>

<P><FONT SIZE=2><B>In Appreciation  </B></FONT></P>

<P><FONT SIZE=2>We wish to thank our loyal employees, customers, suppliers, sales brokers, foreign distributors and fellow shareholders for their many years of support. We are
also grateful to the many consumers who buy and use our products for making them a lasting part of Americana. </FONT></P>


<P><FONT SIZE=2><B>
<IMG SRC="g903121.jpg" ALT="SIGNATURE" WIDTH="157" HEIGHT="45">
  </B></FONT></P>

<P><FONT SIZE=2>Melvin
J. Gordon<BR>
Chairman of the Board and<BR>
Chief Executive Officer </FONT></P>

<P><FONT SIZE=2><B>
<IMG SRC="g405245.jpg" ALT="SIGNATURE" WIDTH="207" HEIGHT="30">
  </B></FONT></P>

<P><FONT SIZE=2>Ellen
R. Gordon<BR>
President and<BR>
Chief Operating Officer </FONT></P>

<P ALIGN="RIGHT"><FONT SIZE=2>4</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=4,EFW="2168353",CP="TOOTSIE ROLL INDUSTRIES, INC.",DN="4",CHK=1005296,FOLIO='4',FILE='DISK124:[06CHI4.06CHI1224]DL1224A.;17',USER='LCOUTU',CD=';8-MAR-2006;01:26' -->
<BR>
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P><FONT SIZE=2><A
NAME="page_dm1224_1_5"> </A> </FONT></P>

<!-- TOC_END -->

<P><FONT SIZE=2><I> <A NAME="dm1224_management_#146;s_#160;discuss__man02590"> </A>
<A NAME="dm1224_management_s_discussion_and_an__man05784"> </A>
<A NAME="toc_dm1224_1"> </A>
<BR>    </I></FONT><FONT SIZE=4><B><I>Management's Discussion and Analysis of Financial<BR>  Condition and Results of Operations<BR>  </I></B></FONT><FONT SIZE=1>(in thousands except per share, percentage and ratio figures)    <BR></FONT></P>

<HR NOSHADE>
<P ALIGN="CENTER"><FONT SIZE=2><B>
<IMG SRC="g103910.jpg" ALT="GRAPHIC" WIDTH="172" HEIGHT="673">
  </B></FONT></P>

<P><FONT SIZE=2><B>FINANCIAL REVIEW  </B></FONT></P>


<P><FONT SIZE=2>This financial review discusses the Company's financial condition, results of operations, liquidity and capital resources, market risks and other matters. It
should be read in conjunction with the Consolidated Financial Statements and related footnotes that follow this discussion. </FONT></P>

<P><FONT SIZE=2><B>FINANCIAL CONDITION  </B></FONT></P>

<P><FONT SIZE=2>The Company's overall financial position was further strengthened by its 2005 net earnings and related cash flows provided by operating activities. After making
the Concord Confections acquisition, the largest in the Company's history, the Company was able to reduce its overall bank loan balance from $154,000 at August&nbsp;30, 2004, the date of the Concord
acquisition, to $32,001 at December&nbsp;31, 2005, a reduction of $121,999. Bank loans were paid down through a combination of cash flows provided by operating activities and investment maturities. </FONT></P>

<P><FONT SIZE=2>During
2005, the Company's cash flows from operating activities aggregated $82,524. The Company used a portion of these cash flows to pay cash dividends of $15,132, repurchase $17,248 of its
outstanding shares, and make capital expenditures of $14,690. </FONT></P>

<P><FONT SIZE=2>The
Company's net working capital was $132,940 at December&nbsp;31, 2005 compared to $110,376 at December&nbsp;31, 2004, a favorable increase of $22,564. As of December&nbsp;31, 2005 the
Company's aggregate cash, cash equivalents and investments (excluding restricted cash), net of all bank and interest-bearing loans was $129,248 compared to $86,498 at December&nbsp;31, 2004, a net
increase of $42,750. In addition, the Company held restricted cash of $22,330 at December&nbsp;31, 2005 relating to the sale of surplus real estate. This restricted cash is earmarked for
reinvestment in rental income producing real estate in 2006. </FONT></P>

<P><FONT SIZE=2>Shareholders'
equity increased to $617,405 as of December&nbsp;31, 2005 compared to $570,179 as of December&nbsp;31, 2004, reflecting 2005 net earnings less cash dividends and share repurchases.
The Company has paid cash dividends for sixty-three consecutive years and has distributed a stock dividend for forty-one consecutive years. </FONT></P>

<P><FONT SIZE=2>The
Company has a relatively straight forward financial structure and has historically maintained a conservative financial position. Except for an immaterial amount of operating leases, the Company
has no special financing arrangements or "off-balance sheet" special purpose entities. Cash flows from operations plus maturities of short term investments are expected to be adequate to
repay outstanding bank loans and meet the Company's overall financing needs in 2006. However, the Company continues to pursue appropriate acquisition opportunities which could add to future bank
borrowings. </FONT></P>

<P><FONT SIZE=2><B>RESULTS OF OPERATIONS  </B></FONT></P>

<P><FONT SIZE=2><B>2005 vs. 2004</B></FONT></P>

<P><FONT SIZE=2>Net
sales were $487,739 in 2005, a new record, compared to $420,110 in 2004, an increase of $67,629 or 16.1%. The 2005 and 2004 sales reflect approximately $76,100 and $29,300, respectively, of sales
from Concord acquired on August&nbsp;30, 2004. Excluding these Concord sales, 2005 net sales grew to $411,639, a $20,829 or 5.3% increase over 2004. This sales increase principally reflects volume
increases in most of the </FONT></P>

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

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=5,EFW="2168353",CP="TOOTSIE ROLL INDUSTRIES, INC.",DN="4",CHK=416617,FOLIO='5',FILE='DISK124:[06CHI4.06CHI1224]DM1224A.;104',USER='MEVANS',CD='12-MAR-2006;17:52' -->
<A NAME="page_dm1224_1_6"> </A>
<P ALIGN="CENTER"><FONT SIZE=2><B>
<IMG SRC="g509647.jpg" ALT="GRAPHIC" WIDTH="175" HEIGHT="660">
  </B></FONT></P>

<P><FONT SIZE=2>Company's
core brands, including record "back to school" and pre-Halloween sales in third quarter 2005. </FONT></P>

<P><FONT SIZE=2>Cost
of goods sold as a percentage of net sales increased from 58.2% in 2004 to 61.3% in 2005. The aforementioned reflects cost increases in overall major ingredients, packaging and plant overhead,
including energy costs, and additional costs associated with the relocation and start-up
of new production lines. Increases in 2005 ingredient and packaging costs approximated $700 and $900, respectively; and increases in energy costs added $1,700 to plant overhead costs in 2005, $1,000
of which was incurred in fourth quarter 2005. Management estimates that relocation and start-up costs of new production lines incrementally added $3,600 to 2005 cost of goods sold. The
effect of slightly lower margins on certain new products and line extensions contributed to higher costs as a percentage of sales in 2005 compared to 2004. </FONT></P>


<P><FONT SIZE=2>Due
to the seasonal nature of the Company's business and corresponding variations in product mix, gross margins have historically been lower in the second half of the year, and second half 2005 was
consistent with this trend. The impact of those factors affecting higher input costs were more concentrated in fourth quarter 2005, resulting in lower fourth quarter 2005 gross margins compared to
2004. </FONT></P>

<P><FONT SIZE=2>Selling,
marketing and administrative expenses were $96,936 in 2005 compared to $85,705 in 2004, an increase of $11,231 or 13.1%. This increase principally reflects the additional costs associated
with Concord. However, these costs favorably decreased from 20.4% of sales in 2004 to 19.9% of sales in 2005, reflecting certain synergies achieved as part of the integration of Concord into the
Company's sales and distribution systems, as well as other expense reductions achieved. The Company incurred approximately $2,000 of higher fuel surcharges for freight and delivery expense in 2005,
however, improved efficiencies gained in the Company's distribution network mitigated a substantial portion of these cost increases. </FONT></P>

<P><FONT SIZE=2>Earnings
from operations were $108,744 in 2005, compared to $89,904 in 2004. Operating earnings in 2005 benefited from a $21,840 pre-tax gain on the sale of surplus real estate partially
offset by a $4,743 pre-tax charge relating to the impairment of a minor trademark and related goodwill. Both of these factors impacted operating earnings for the fourth quarter and twelve
month 2005 periods. </FONT></P>

<P><FONT SIZE=2>As
of December&nbsp;31, 2005 the Company held the $22,330 of net proceeds from the sale of surplus real estate as restricted cash. The Company intends to reinvest these proceeds in "like kind" real
estate as allowed under Section&nbsp;1031 of the U.S. Internal Revenue Code. Upon reinvestment, the Company will be able to defer income taxes of approximately $8,000. The Company expects to
complete the purchase and closing of such "like kind" property in the first half of 2006. Upon completion, the Company will reclassify the $8,000 from current income taxes payable to a deferred income
tax liability. </FONT></P>

<P><FONT SIZE=2>The
Company performs its annual impairment testing of its intangible assets, trademarks and goodwill, during the fourth quarter of each year. As a result of this testing in 2005, the Company
determined that
due to a reassessment of long-range marketing plans a minor trademark and related goodwill were impaired, and, accordingly wrote off $4,743 of intangible assets as an operating expense in fourth
quarter 2005. The Company believes that the carrying values of its remaining trademarks and goodwill have indefinite lives as they are expected to generate cash flows indefinitely. There were no
impairments in 2004 or 2003. </FONT></P>

<P><FONT SIZE=2>Other
income, net was $4,908 in 2005 compared to $4,784 in 2004. The difference reflects $1,625 of increased interest expense and $1,152 of decreased investment </FONT></P>

<P ALIGN="RIGHT"><FONT SIZE=2>6</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=6,EFW="2168353",CP="TOOTSIE ROLL INDUSTRIES, INC.",DN="4",CHK=462111,FOLIO='6',FILE='DISK124:[06CHI4.06CHI1224]DM1224A.;104',USER='MEVANS',CD='12-MAR-2006;17:52' -->
<A NAME="page_dm1224_1_7"> </A>

<P><FONT SIZE=2>income, both of which relate to the financing of the Concord acquisition. However, this was substantially offset by increased building rental income, increased royalty income
from the licensing of Company trademarks, and an insurance recovery in 2005. </FONT></P>

<P><FONT SIZE=2>The
consolidated effective tax rate was 32.3% in 2005 and 32.2% in 2004. Although the Company's effective state tax rate increased slightly, the Company's effective foreign tax rate decreased
reflecting reductions in Canadian and Mexican income tax expense. In addition, the Company repatriated earnings from its foreign subsidiaries in Canada and Mexico at an incremental tax cost of $800 as
allowed by the American Jobs Creation Act of 2004. </FONT></P>

<P><FONT SIZE=2>Net
earnings were $77,227 in 2005 compared to $64,174 in 2004, and earnings per share were $1.44 and $1.19 in 2005 and 2004, respectively, an increase of $.25 or 21%. Both fourth quarter and twelve
months 2005 benefited from a $13,868 after-tax gain on the sale of surplus real estate; however, both fourth quarter and twelve months 2005 were adversely affected by a $3,012
non-recurring after-tax charge relating to the write-off of a minor trademark and goodwill, and $800 of additional income taxes relating to repatriated foreign
earnings. Earnings per share also benefited from a reduction in average shares outstanding reflecting common stock purchases in the open market by the Company. Average shares outstanding decreased
from 53,921 in 2004 to 53,542 in 2005. </FONT></P>

<P><FONT SIZE=2><B>2004 vs. 2003</B></FONT></P>

<P><FONT SIZE=2>Net
sales in 2004 grew to a record $420,110, an increase of $27,454 from 2003 sales of $392,656. Sales benefited from successful marketing and promotional programs, including pre-Halloween
sales programs that have historically made the third quarter the Company's highest selling period of the year. </FONT></P>

<P><FONT SIZE=2>However,
the net sales increase in 2004 was attributable to sales resulting from the Concord acquisition as core brand sales were approximately even with the prior year. </FONT></P>

<P><FONT SIZE=2>Cost
of goods sold increased from 56.7% to 58.2% of sales. This increase reflects lower margins on acquired brands, lower production volumes in several core products lines, approximately $1,800 in
start-up costs associated with the relocation and implementation of new production lines and an inventory adjustment for a discontinued product line. These costs were partially offset by
somewhat lower raw material and packaging costs. </FONT></P>

<P><FONT SIZE=2>Selling,
marketing and administrative expenses increased as a percent of sales to 20.4% in 2004 from 19.8% in 2003. The increase is due to expenses associated with Concord and approximately $1,500
higher freight costs primarily relating to fuel surcharges, as well as higher fees associated with Sarbanes-Oxley compliance and general cost increases. </FONT></P>

<P><FONT SIZE=2>Other
income, net declined from $5,594 in 2003 to $4,784 in 2004 reflecting higher interest expense and lower investment earnings, both related to financing the Concord acquisition. The consolidated
effective tax rate declined from 33.6% in 2003 to 32.2% reflecting a reduction in state and foreign income taxes. </FONT></P>

<P><FONT SIZE=2>Consolidated
net earnings were $64,174 and $65,014 and earnings per share were $1.19 in both 2004 and 2003. Average shares outstanding declined from 54,861 to 53,921 due to share repurchases. </FONT></P>

<P><FONT SIZE=2><B>LIQUIDITY AND CAPITAL RESOURCES  </B></FONT></P>

<P><FONT SIZE=2>Cash flows from operating activities were $82,524, $76,228 and $83,466 in 2005, 2004 and 2003, respectively. The increase in 2005 compared to 2004 principally
reflects the $13,053 increase in 2005 net earnings plus certain increases in operating activities, including a $3,007 increase in depreciation and the $4,743 non-cash impairment charge,
less the $21,840 gain on the sale of surplus real
estate. In addition, cash provided by operations in 2005 benefited from a $3,947 decrease in inventories and a $8,423 increase in taxes payable and deferred. </FONT></P>

<P><FONT SIZE=2>Cash
flows from investing activities reflect the purchase of Concord in 2004 for $218,229 less a 2005 recovery of $6,755 relating to a minimum working capital deficiency adjustment. Capital
expenditures were $14,690, $17,948 and $12,150 in 2005, 2004, and 2003, respectively. </FONT></P>

<P><FONT SIZE=2>Cash
flows from financing activities in 2004 reflect the borrowing of $154,000 and the liquidation of $64,229 of marketable securities to finance the Concord acquisition. Bank loans were reduced by
$62,000 in 2004, and a further net reduction of $59,999 in 2005. </FONT></P>

<P><FONT SIZE=2>Share
repurchases were $17,248, $16,407, and $40,096 in 2005, 2004 and 2003, respectively. Cash dividends of $15,132, $14,877, and $14,410 were paid in 2005, 2004 and 2003, respectively. </FONT></P>

<P><FONT SIZE=2><B>MARKET RISKS  </B></FONT></P>

<P><FONT SIZE=2>The Company is exposed to market risks related to commodity prices, interest rates, equity prices and foreign exchange. </FONT></P>


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

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=7,EFW="2168353",CP="TOOTSIE ROLL INDUSTRIES, INC.",DN="4",CHK=696165,FOLIO='7',FILE='DISK124:[06CHI4.06CHI1224]DM1224A.;104',USER='MEVANS',CD='12-MAR-2006;17:52' -->
<A NAME="page_dm1224_1_8"> </A>

<P><FONT SIZE=2><B><I>Commodities  </I></B></FONT></P>

<P><FONT SIZE=2>Commodity price risks relate to ingredients, primarily sugar, cocoa, chocolate, corn syrup, dextrose and vegetable oils. The Company believes its competitors face similar
risks, and the industry has historically adjusted prices to compensate for adverse fluctuations in commodity costs. The Company, as well as competitors in the confectionary industry, have taken
actions, including price increases and selective product weight declines (indirect price increases) in 2006 to mitigate rising input costs for ingredients, transportation, fuel and energy. While
management believes it will substantially recover cost increases in 2006, there is some risk that price increases and weight declines could adversely effect sales volume. </FONT></P>

<P><FONT SIZE=2>The
Company utilizes commodity futures contracts as well as annual supply agreements to hedge anticipated purchases of certain ingredients, including sugar, in order to mitigate commodity cost
fluctuations. Such commodity future contracts are cash flow hedges and are effective as hedges as defined by Statement of Financial Accounting Standards (SFAS) 133, "Accounting for Derivative
Instruments and Hedging Activities." The unrealized gains and losses on such contracts are deferred as a component of accumulated other comprehensive earnings (loss) and are recognized as a component
of cost of goods sold when the related inventory is sold. </FONT></P>

<P><FONT SIZE=2>The
potential change in fair value of commodity derivative instruments (primarily sugar futures contracts) held by the Company, assuming a 10% change in the underlying commodity price, was $637. This
analysis only includes commodity derivative instruments and, therefore, does not consider the offsetting effect of changes in the price of the underlying commodity. This amount is not significant
compared with the net earnings and shareholders' equity of the Company. </FONT></P>

<P><FONT SIZE=2><B><I>Interest Rates  </I></B></FONT></P>


<P><FONT SIZE=2>Interest rate risks primarily relate to the Company's investments in debt securities, primarily municipal bonds, with maturities of generally up to three years. The majority of
these investments have historically been held to maturity, which limits the Company's exposure to interest rate fluctuations. </FONT></P>

<P><FONT SIZE=2>The
accompanying chart summarizes the maturities of the Company's investments in debt securities at December&nbsp;31, 2005. </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="86%"><FONT SIZE=2>Less than 1 year</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>51,344</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="86%"><FONT SIZE=2>1 - 2 years</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>17,379</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="86%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="86%"><FONT SIZE=2>Total</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>68,723</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="86%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2>The Company's outstanding debt at the end of 2005 was not significant in relation to the Company's financial position taken as a whole, and therefore the Company does not
believe that it has significant interest rate risk with respect to its interest bearing debt. </FONT></P>

<P><FONT SIZE=2><B><I>Equity price  </I></B></FONT></P>

<P><FONT SIZE=2>Equity price risk relates to the Company's investments in mutual funds which are principally used to fund and hedge the Company's deferred compensation liabilities. At
December&nbsp;31, 2005, the Company has investments in mutual funds of $31,019. A potential change in their fair value would be substantially offset by a corresponding change in such deferred
compensation liabilities. </FONT></P>

<P><FONT SIZE=2><B><I>Foreign Exchange  </I></B></FONT></P>

<P><FONT SIZE=2>Foreign exchange risk principally relates to the Company's foreign operations in Canada and Mexico, and periodic purchase commitments of machinery and equipment from foreign
sources. Prior to the acquisition of Concord, the Company's operations outside of the United States represented less than 10% of its consolidated operations. Accordingly, the Company did not use
derivative financial instruments to hedge its foreign currency assets or liabilities or its overall investments in its foreign subsidiaries. </FONT></P>


<P><FONT SIZE=2>Concord's
operations are principally structured as a Canadian manufacturing plant for the Company's U.S. sales and distribution. Certain of Concord's manufacturing costs, including local payroll and a
portion of its packaging, ingredients and supplies are sourced in Canadian dollars. The Company uses its Canadian dollar collections on Canadian sales as a partial hedge of its overall Concord
obligations sourced in Canadian dollars as described above. </FONT></P>

<P><FONT SIZE=2>From
time to time the Company may use forward foreign exchange contracts and derivative instruments to mitigate its exposure to foreign exchange risk, as well as those related to firm commitments to
purchase equipment from foreign vendors. As of December&nbsp;31, 2005 the Company did not have any significant outstanding foreign exchange contracts. </FONT></P>

<P><FONT SIZE=2><B>CRITICAL ACCOUNTING POLICIES  </B></FONT></P>

<P><FONT SIZE=2>Preparation of the Company's financial statements involves judgments due to uncertainties affecting the application of accounting policies, and the likelihood
that different amounts would be reported under different conditions or using different assumptions. In the opinion of management, the Company does not have any individual accounting policy that is
"critical." However, following is a summary of the more significant accounting policies and methods where estimates are used. </FONT></P>


<P><FONT SIZE=2><B><I>Revenue Recognition  </I></B></FONT></P>

<P><FONT SIZE=2>Revenue, net of applicable provisions for discounts, returns, allowances, and certain advertising and promotional costs, is recognized when products are delivered to customers
and collectibility is reasonably assured. </FONT></P>

<P ALIGN="RIGHT"><FONT SIZE=2>8</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=8,EFW="2168353",CP="TOOTSIE ROLL INDUSTRIES, INC.",DN="4",CHK=378520,FOLIO='8',FILE='DISK124:[06CHI4.06CHI1224]DM1224A.;104',USER='MEVANS',CD='12-MAR-2006;17:52' -->
<A NAME="page_dm1224_1_9"> </A>

<P><FONT SIZE=2>The
accounting for such promotional programs is discussed below. </FONT></P>


<P><FONT SIZE=2>Provisions
for bad debts are recorded as selling, marketing and administrative expenses. Such provisions have not exceeded 0.2% of net sales for 2005, 2004 and 2003 and, accordingly, have not been
significant to the Company's financial position or results of operations. </FONT></P>

<P><FONT SIZE=2><B><I>Intangible assets  </I></B></FONT></P>

<P><FONT SIZE=2>The Company's intangible assets consist primarily of acquired trademarks and related goodwill. In accordance with SFAS No.&nbsp;142, goodwill and other indefinite lived
assets are not amortized, but are instead subjected to annual testing for impairment. </FONT></P>

<P><FONT SIZE=2>This
determination is made by comparing the carrying value of the asset with its estimated fair value, which is calculated using discounted projected future cash flows. These projected future cash
flows are dependent on a number of factors including future business plans and projected operating results. Although the majority of the Company's trademarks relate to well established brands with a
long history of consumer acceptance, projected cash flows are inherently uncertain. A change in the assumptions underlying the impairment analysis, such as a reduction in projected cash flows or the
use of a different discount rate, could cause an impairment in the future. As a result of its impairment testing, the Company recorded a pre-tax impairment charge of $4,743 during 2005 with respect to
a minor trademark and related goodwill. </FONT></P>


<P><FONT SIZE=2><B><I>Customer incentive programs, advertising and marketing  </I></B></FONT></P>

<P><FONT SIZE=2>Advertising and marketing costs are recorded in the period to which such costs relate. The Company does not defer the recognition of any amounts on its consolidated balance
sheet with respect to such costs. Customer incentives and other promotional costs are recorded at the time of sale based upon incentive program terms and historical utilization statistics, which are
generally consistent from year to year. </FONT></P>

<P><FONT SIZE=2>The
liabilities associated with these programs are reviewed quarterly and adjusted if utilization rates differ from management's original estimates. Such adjustments have not historically been
material to the Company's operating results. </FONT></P>

<P><FONT SIZE=2><B><I>Investments  </I></B></FONT></P>

<P><FONT SIZE=2>The Company principally invests in certain high-quality debt securities primarily Aa or better rated municipal bonds. The accounting for such investments is
outlined in Note&nbsp;1 and does not involve any significant estimates on the part of management. Due to their relatively short maturities, changes in interest rates do not have a significant effect
on the principal value of these investments and no credit losses have been incurred. </FONT></P>

<P><FONT SIZE=2><B><I>Guarantees  </I></B></FONT></P>


<P><FONT SIZE=2>The Financial Accounting Standards Board issued Interpretation No.&nbsp;45 relating to the accounting for and disclosure of certain types of guarantees. No disclosures were
required for the Company as a result of this standard, as it has no such guarantees outstanding. </FONT></P>

<P><FONT SIZE=2><B><I>Other matters  </I></B></FONT></P>

<P><FONT SIZE=2>In the opinion of management, other than contracts for raw materials, including commodity hedges and outstanding purchase orders for packaging, ingredients and supplies, all
entered into in the ordinary course of business, the Company does not have any significant contractual obligations </FONT></P>

<P><FONT SIZE=2><B> Open Contractual Commitments as of December&nbsp;31, 2005  </B></FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="27%" ALIGN="LEFT"><FONT SIZE=1><BR>
Payable in<BR></FONT>
<BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1><BR>
Total<BR></FONT>
<BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=1>Less than<BR>
1 year<BR></FONT>
<BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=1>1 to 3<BR>
Years<BR></FONT>
<BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=1>3 to 5<BR>
Years<BR></FONT>
<BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=1>More than<BR>
5 Years<BR></FONT>
<BR></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH COLSPAN=11 ALIGN="CENTER"><HR NOSHADE></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>Commodity hedges</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>$6,371</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>$6,133</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>$238</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#151;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>Purchase obligations</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>61,511</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>61,511</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>Split dollar insurance</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>4,815</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>3,097</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>1,718</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>Interest bearing debt</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>39,501</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>32,001</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>7,500</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>Operating leases</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>5,645</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>1,245</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>1,423</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>1,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>1,977</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><HR NOSHADE></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>Total</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>$117,843</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><FONT SIZE=2>$103,987</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>$3,379</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><FONT SIZE=2>$1,000</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2>$9,477</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="27%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="12%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2>Note:
the above amounts exclude deferred income tax liabilities of $32,088, post retirement health care and life insurance benefits of $10,783 and deferred compensation and other liabilities of
$32,264 because the timing of payments relating to these items cannot be reasonably determined. </FONT></P>

<P><FONT SIZE=2>or future commitments. The Company's outstanding contractual commitments as of December&nbsp;31, 2005, all of which are normal and recurring in nature, are summarized in the
accompanying chart. </FONT></P>

<P><FONT SIZE=2>The
Company provides split dollar insurance benefits to certain executive officers and records an asset equal to the cumulative premiums paid on the related policies, as the Company will fully recover
these premiums under the terms of the plan. </FONT></P>

<P><FONT SIZE=2>The
results of the Company's operations and its financial condition are expressed in the following financial statements. </FONT></P>

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

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=5,SEQ=9,EFW="2168353",CP="TOOTSIE ROLL INDUSTRIES, INC.",DN="4",CHK=59896,FOLIO='9',FILE='DISK124:[06CHI4.06CHI1224]DM1224A.;104',USER='MEVANS',CD='12-MAR-2006;17:52' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P><FONT SIZE=2><A
NAME="page_dq1224_1_10"> </A> </FONT></P>

<!-- TOC_END -->

<P><FONT SIZE=6><B><I> <A NAME="dq1224_consolidated_#160;statement_#1__con02536"> </A>
<A NAME="dq1224_consolidated_statement_of_earn__con03187"> </A>
<A NAME="toc_dq1224_1"> </A>
<BR>    </I></B></FONT><FONT SIZE=2>CONSOLIDATED STATEMENT OF<BR></FONT><FONT SIZE=4><B><I>Earnings, Comprehensive Earnings and Retained Earnings    <BR>  </I></B></FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="56%"><FONT SIZE=1>TOOTSIE ROLL INDUSTRIES, INC. AND SUBSIDIARIES</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=5 ALIGN="CENTER" VALIGN="BOTTOM"><FONT SIZE=1>(in thousands except per share data)</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<HR NOSHADE>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER"><FONT SIZE=2>For the year ended December&nbsp;31,<BR></FONT>
<BR></TH>
<TH WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="9%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="17%" ALIGN="CENTER"><FONT SIZE=2>2005</FONT><HR NOSHADE></TH>
<TH WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TH>
<TH WIDTH="15%" ALIGN="CENTER"><FONT SIZE=2>2004</FONT><HR NOSHADE></TH>
<TH WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TH>
<TH WIDTH="15%" ALIGN="CENTER"><FONT SIZE=2>2003</FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2><BR>
Net sales</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><BR><FONT SIZE=2><B>$487,739</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2><BR>
$420,110</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2><BR>
$392,656</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Cost of goods sold</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2><B>299,156</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>244,501</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>222,547</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Gross margin</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2><B>188,583</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>175,609</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>170,109</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Selling, marketing and administrative expenses</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2><B>96,936</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>85,705</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>77,756</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Impairment charges</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2><B>4,743</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Gain on sale of real estate</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2><B>(21,840</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Earnings from operations</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2><B>108,744</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>89,904</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>92,353</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Other income, net</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2><B>4,908</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>4,784</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>5,594</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Earnings before income taxes</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2><B>113,652</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>94,688</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>97,947</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Provision for income taxes</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2><B>36,425</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>30,514</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>32,933</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Net earnings</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2><B>$&nbsp;&nbsp;77,227</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>$&nbsp;&nbsp;64,174</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>$&nbsp;&nbsp;65,014</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2><BR>
Net earnings</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><BR><FONT SIZE=2><B>$&nbsp;&nbsp;77,227</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2><BR>
$&nbsp;&nbsp;64,174</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2><BR>
$&nbsp;&nbsp;65,014</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Other comprehensive earnings (loss)</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2><B>2,984</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>778</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>(657</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Comprehensive earnings</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2><B>$&nbsp;&nbsp;80,211</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>$&nbsp;&nbsp;64,952</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>$&nbsp;&nbsp;64,357</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2><BR>
Retained earnings at beginning of year</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><BR><FONT SIZE=2><B>$149,055</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2><BR>
$156,786</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2><BR>
$148,705</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="19%"><FONT SIZE=2>Net earnings</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2><B>77,227</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>64,174</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>65,014</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="19%"><FONT SIZE=2>Cash dividends ($.29, $.27 and $.25 per share, respectively)</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2><B>(15,406</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>(14,547</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>(14,362</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="19%"><FONT SIZE=2>Stock dividends</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2><B>(46,640</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>(57,358</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>(42,571</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Retained earnings at end of year</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2><B>$164,236</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>$149,055</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>$156,786</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Earnings per share</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2><B>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.44</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.19</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.19</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=2><FONT SIZE=2>Average common and class&nbsp;B common shares outstanding</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2><B>53,542</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>53,921</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>54,861</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=1>(The accompanying notes are an integral part of these statements.) </FONT></P>

<P ALIGN="RIGHT"><FONT SIZE=2>10</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=10,EFW="2168353",CP="TOOTSIE ROLL INDUSTRIES, INC.",DN="4",CHK=670561,FOLIO='10',FILE='DISK124:[06CHI4.06CHI1224]DQ1224A.;12',USER='MEVANS',CD='12-MAR-2006;18:26' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P><FONT SIZE=2><A
NAME="page_ds1224_1_11"> </A> </FONT></P>

<!-- TOC_END -->

<P><FONT SIZE=6><B><I> <A NAME="ds1224_consolidated_#160;statement_#1__con01485"> </A>
<A NAME="ds1224_consolidated_statement_of_financial_position"> </A>
<A NAME="toc_ds1224_1"> </A>
<BR>    </I></B></FONT><FONT SIZE=2>CONSOLIDATED STATEMENT OF<BR></FONT><FONT SIZE=4><B><I>Financial Position    <BR>  </I></B></FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="70%"><FONT SIZE=1>TOOTSIE ROLL INDUSTRIES, INC. AND SUBSIDIARIES</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=3 ALIGN="CENTER" VALIGN="BOTTOM"><FONT SIZE=1>(in thousands)</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<HR NOSHADE>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH COLSPAN=6 ALIGN="LEFT"><FONT SIZE=2><B><I>Assets<BR> </I></B></FONT><BR></TH>
<TH WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TH>
<TH COLSPAN=3 ALIGN="CENTER"><FONT SIZE=2><B>December&nbsp;31,<BR> </B></FONT><BR></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH COLSPAN=6 ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="10%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="14%" ALIGN="CENTER"><FONT SIZE=2>2005</FONT><HR NOSHADE></TH>
<TH WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TH>
<TH WIDTH="15%" ALIGN="CENTER"><FONT SIZE=2>2004</FONT><HR NOSHADE></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=6><FONT SIZE=2><BR>
CURRENT ASSETS:</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="14%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="15%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=5><FONT SIZE=2>Cash and cash equivalents</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>$&nbsp;&nbsp;69,006</B></FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>$&nbsp;&nbsp;56,989</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=5><FONT SIZE=2>Restricted cash</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>22,330</B></FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=5><FONT SIZE=2>Investments</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>54,892</B></FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>32,369</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=5><FONT SIZE=2>Accounts receivable trade, less allowances of $2,255 and $2,440</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>30,856</B></FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>28,456</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=5><FONT SIZE=2>Other receivables</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>2,768</B></FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>9,001</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=5><FONT SIZE=2>Inventories:</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>Finished goods and work-in-process</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>34,311</B></FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>37,384</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>Raw materials and supplies</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>20,721</B></FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>21,393</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=5><FONT SIZE=2>Prepaid expenses</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>5,840</B></FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>5,719</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=5><FONT SIZE=2>Deferred income taxes</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>5,872</B></FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>1,382</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=6><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><HR NOSHADE></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="35%"><FONT SIZE=2>Total current assets</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>246,596</B></FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>192,693</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=6><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><HR NOSHADE></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=6><FONT SIZE=2>PROPERTY, PLANT AND EQUIPMENT, at cost:</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=5><FONT SIZE=2>Land</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>14,857</B></FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>14,973</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=5><FONT SIZE=2>Buildings</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>63,544</B></FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>61,714</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=5><FONT SIZE=2>Machinery and equipment</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>250,841</B></FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>244,367</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=6><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><HR NOSHADE></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=6><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>329,242</B></FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>321,054</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=5><FONT SIZE=2>Less&#151;Accumulated depreciation</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>150,482</B></FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>142,304</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=6><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><HR NOSHADE></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=6><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>178,760</B></FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>178,750</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=6><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><HR NOSHADE></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=6><FONT SIZE=2>OTHER ASSETS:</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=5><FONT SIZE=2>Goodwill</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>74,194</B></FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>74,002</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=5><FONT SIZE=2>Trademarks</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>189,024</B></FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>193,342</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=5><FONT SIZE=2>Investments</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>44,851</B></FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>96,640</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=5><FONT SIZE=2>Split dollar officer life insurance</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>69,772</B></FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>66,094</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=5><FONT SIZE=2>Investment in joint venture</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>10,499</B></FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>10,232</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=6><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><HR NOSHADE></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=6><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>388,340</B></FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>440,310</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=6><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><HR NOSHADE></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=6><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>$813,696</B></FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><FONT SIZE=2>$811,753</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=6><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=1>(The accompanying notes are an integral part of these statements.) </FONT></P>

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

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=11,EFW="2168353",CP="TOOTSIE ROLL INDUSTRIES, INC.",DN="4",CHK=965859,FOLIO='11',FILE='DISK124:[06CHI4.06CHI1224]DS1224A.;10',USER='MEVANS',CD='12-MAR-2006;18:29' -->
<A NAME="page_ds1224_1_12"> </A>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="52%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=3 ALIGN="CENTER" VALIGN="BOTTOM"><FONT SIZE=1>(in thousands except per share data)</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<HR NOSHADE>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH COLSPAN=6 ALIGN="LEFT"><FONT SIZE=2><B><I>Liabilities and Shareholders' Equity<BR> </I></B></FONT><BR></TH>
<TH WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TH>
<TH COLSPAN=3 ALIGN="CENTER"><FONT SIZE=2><B>December&nbsp;31,<BR> </B></FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH COLSPAN=6 ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="10%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="14%" ALIGN="CENTER"><FONT SIZE=2>2005</FONT><HR NOSHADE></TH>
<TH WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TH>
<TH WIDTH="16%" ALIGN="CENTER"><FONT SIZE=2>2004</FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=6><FONT SIZE=2><BR>
CURRENT LIABILITIES:</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="14%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="16%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=5><FONT SIZE=2>Bank loan</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>$&nbsp;&nbsp;32,001</B></FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>$&nbsp;&nbsp;&nbsp;&nbsp;6,333</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=5><FONT SIZE=2>Accounts payable</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>17,482</B></FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>19,315</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=5><FONT SIZE=2>Dividends payable</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>4,263</B></FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>3,659</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=5><FONT SIZE=2>Accrued liabilities</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>44,969</B></FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>44,722</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=5><FONT SIZE=2>Income taxes payable</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>14,941</B></FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>8,288</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=6><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="34%"><FONT SIZE=2>Total current liabilities</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>113,656</B></FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>82,317</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=6><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=6><FONT SIZE=2>NONCURRENT LIABILITIES:</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=5><FONT SIZE=2>Bank loan</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>&nbsp;&#151;</B></FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>85,667</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=5><FONT SIZE=2>Deferred income taxes</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>32,088</B></FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>25,995</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=5><FONT SIZE=2>Postretirement health care and life insurance benefits</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>10,783</B></FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>10,075</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=5><FONT SIZE=2>Industrial development bonds</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>7,500</B></FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>7,500</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=5><FONT SIZE=2>Deferred compensation and other liabilities</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>32,264</B></FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>30,020</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=6><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="34%"><FONT SIZE=2>Total noncurrent liabilities</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>82,635</B></FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>159,257</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=6><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=6><FONT SIZE=2>SHAREHOLDERS' EQUITY:</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=5><FONT SIZE=2>Common stock, $.69-4/9 par value&#151;<BR>
120,000&nbsp;shares authorized&#151;<BR>
35,255 and 34,760, respectively, issued</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>24,483</B></FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>24,139</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=5><FONT SIZE=2>Class&nbsp;B common stock, $.69-4/9 par value&#151;<BR>
40,000&nbsp;shares authorized&#151;<BR>
18,000 and 17,515, respectively, issued</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>12,500</B></FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>12,163</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=5><FONT SIZE=2>Capital in excess of par value</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>426,125</B></FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>397,745</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=5><FONT SIZE=2>Retained earnings, per accompanying statement</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>164,236</B></FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>149,055</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=5><FONT SIZE=2>Accumulated other comprehensive loss</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>(7,947</B></FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>(10,931</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="3%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=5><FONT SIZE=2>Treasury stock (at cost)&#151;<BR>
60&nbsp;shares and 58&nbsp;shares, respectively</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>(1,992</B></FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>(1,992</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=6><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=6><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>617,405</B></FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>570,179</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=6><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=6><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>$813,696</B></FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>$811,753</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=6><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="10%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="RIGHT"><FONT SIZE=2>12</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=12,EFW="2168353",CP="TOOTSIE ROLL INDUSTRIES, INC.",DN="4",CHK=519168,FOLIO='12',FILE='DISK124:[06CHI4.06CHI1224]DS1224B.;2',USER='MEVANS',CD='12-MAR-2006;18:29' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P><FONT SIZE=2><A
NAME="page_du1224_1_13"> </A> </FONT></P>

<!-- TOC_END -->

<P><FONT SIZE=6><B><I> <A NAME="du1224_consolidated_#160;state__du101215"> </A>
<A NAME="du1224_consolidated_statement_of_cash_flows"> </A>
<A NAME="toc_du1224_1"> </A>
<BR>    </I></B></FONT><FONT SIZE=2>CONSOLIDATED STATEMENT OF<BR></FONT><FONT SIZE=4><B><I>Cash Flows    <BR>  </I></B></FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="55%"><FONT SIZE=1>TOOTSIE ROLL INDUSTRIES, INC. AND SUBSIDIARIES</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=5 ALIGN="CENTER" VALIGN="BOTTOM"><FONT SIZE=1>(in thousands)</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<HR NOSHADE>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH COLSPAN=6 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER"><FONT SIZE=2>For the year ended December&nbsp;31,<BR></FONT>
<BR></TH>
<TH WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH COLSPAN=6 ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="9%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="14%" ALIGN="CENTER"><FONT SIZE=2>2005</FONT><HR NOSHADE></TH>
<TH WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TH>
<TH WIDTH="19%" ALIGN="CENTER"><FONT SIZE=2>2004</FONT><HR NOSHADE></TH>
<TH WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TH>
<TH WIDTH="16%" ALIGN="CENTER"><FONT SIZE=2>2003</FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=6><FONT SIZE=2>CASH FLOWS FROM OPERATING ACTIVITIES:</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=5><FONT SIZE=2>Net earnings</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>$&nbsp;77,227</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>$&nbsp;&nbsp;&nbsp;64,174</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>$&nbsp;&nbsp;65,014</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=5><FONT SIZE=2>Adjustments to reconcile net earnings to net cash provided by operating activities:</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>Depreciation and amortization</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>14,687</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>11,680</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>11,379</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>Gain on sale of real estate</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>(21,840</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>Impairment charges</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>4,743</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>Excess of earnings from joint venture over dividends received</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>(267</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>(232</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>Amortization of marketable securities</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>1,680</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>1,885</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>2,534</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>Purchase of trading securities</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>(2,081</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>(2,507</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>(3,154</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>Changes in operating assets and liabilities:</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>Accounts receivable</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>(1,846</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>673</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>4,266</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>Other receivables</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>1,519</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>1,574</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>490</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>Inventories</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>3,947</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>(4,567</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>(2,579</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>Prepaid expenses and other assets</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>(4,357</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>(4,822</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>(4,864</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>Accounts payable and accrued liabilities</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>(1,868</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>2,478</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>2,582</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>Income taxes payable and deferred</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>8,423</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>2,712</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>3,827</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>Postretirement health care and life insurance benefits</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>708</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>773</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>1,151</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>Deferred compensation and other liabilities</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>2,191</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>2,227</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>2,651</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2>Other</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>(342</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>180</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>169</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=6><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=5><FONT SIZE=2>Net cash provided by operating<BR>
activities</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>82,524</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>76,228</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>83,466</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=6><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=6><FONT SIZE=2>CASH FLOWS FROM INVESTING ACTIVITIES:</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=5><FONT SIZE=2>Acquisition of business, net of cash acquired</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>&#151;</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>(218,229</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=5><FONT SIZE=2>Working capital adjustment from acquisition</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>6,755</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=5><FONT SIZE=2>Proceeds from sale of real estate and other assets</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>22,559</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=5><FONT SIZE=2>Increase in restricted cash</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>(22,330</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=5><FONT SIZE=2>Capital expenditures</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>(14,690</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>(17,948</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>(12,150</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=5><FONT SIZE=2>Purchase of held to maturity securities</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>&#151;</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>(22,049</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>(57,823</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=5><FONT SIZE=2>Maturity of held to maturity securities</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>&#151;</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>44,113</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>25,643</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=5><FONT SIZE=2>Purchase of available for sale securities</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>(16,772</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>(83,987</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>(57,578</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=5><FONT SIZE=2>Sale and maturity of available for sale securities</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>46,350</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>134,061</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>51,525</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=6><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=5><FONT SIZE=2>Net cash provided by (used in) investing activities</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>21,872</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>(164,039</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>(50,383</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=6><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=6><FONT SIZE=2>CASH FLOWS FROM FINANCING ACTIVITIES:</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=5><FONT SIZE=2>Proceeds from bank loan</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>38,401</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>154,000</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=5><FONT SIZE=2>Repayment of bank loan</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>(98,400</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>(62,000</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>&#151;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=5><FONT SIZE=2>Shares repurchased and retired</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>(17,248</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>(16,407</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>(40,096</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=5><FONT SIZE=2>Dividends paid in cash</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>(15,132</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>(14,877</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>(14,410</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=6><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=5><FONT SIZE=2>Net cash provided by (used in) financing activities</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>(92,379</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>60,716</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>(54,506</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=6><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=6><FONT SIZE=2>Increase (decrease) in cash and cash equivalents</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>12,017</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>(27,095</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>(21,423</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=6><FONT SIZE=2>Cash and cash equivalents at beginning of year</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>56,989</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>84,084</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>105,507</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=6><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD COLSPAN=6><FONT SIZE=2>Cash and cash equivalents at end of year</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>$&nbsp;69,006</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>$&nbsp;&nbsp;&nbsp;56,989</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>$&nbsp;&nbsp;84,084</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=6><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=6><FONT SIZE=2>Supplemental cash flow information:</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=5><FONT SIZE=2>Income taxes paid</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>$&nbsp;26,947</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>$&nbsp;&nbsp;&nbsp;28,966</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>$&nbsp;&nbsp;31,561</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=6><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=5><FONT SIZE=2>Interest paid</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>$&nbsp;&nbsp;&nbsp;&nbsp;2,537</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;879</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;172</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=6><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=5><FONT SIZE=2>Stock dividend issued</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><FONT SIZE=2><B>$&nbsp;46,310</B></FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><FONT SIZE=2>$&nbsp;&nbsp;&nbsp;56,959</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><FONT SIZE=2>$&nbsp;&nbsp;42,513</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=6><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="14%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="9%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="16%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=1>(The accompanying notes are an integral part of these statements.) </FONT></P>

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

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=13,EFW="2168353",CP="TOOTSIE ROLL INDUSTRIES, INC.",DN="4",CHK=374257,FOLIO='13',FILE='DISK124:[06CHI4.06CHI1224]DU1224A.;19',USER='MEVANS',CD='12-MAR-2006;18:30' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P><FONT SIZE=2><A
NAME="page_dw1224_1_14"> </A> </FONT></P>

<!-- TOC_END -->

<P><FONT SIZE=1><A
NAME="dw1224_notes_#160;to_#160;consolidate__not01412"> </A>
<A NAME="dw1224_notes_to_consolidated_financia__not04923"> </A>
<A NAME="toc_dw1224_1"> </A>
<BR></FONT><FONT SIZE=4><B><I>Notes to Consolidated Financial Statements<BR>  </I></B></FONT><FONT SIZE=1><I>($ in thousands except per share data)<BR>  </I></FONT><FONT SIZE=1>TOOTSIE ROLL INDUSTRIES, INC. AND SUBSIDIARIES    <BR></FONT></P>

<P><FONT SIZE=1><B>NOTE&nbsp;1&#151;SIGNIFICANT ACCOUNTING POLICIES:  </B></FONT></P>

<P><FONT SIZE=1><B>Basis of consolidation:  </B></FONT></P>


<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;The consolidated financial statements include the accounts of Tootsie Roll Industries, Inc. and its wholly-owned subsidiaries (the Company), which
are primarily engaged in the manufacture and sale of candy products. All significant intercompany transactions have been eliminated. </FONT></P>

<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;The
preparation of financial statements in conformity with generally accepted accounting principles in the United States of America 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 revenues and expenses
during the reporting period. Actual results could differ from those estimates. </FONT></P>

<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;Certain
reclassifications have been made to the prior year financial statements to conform to the current year presentation. </FONT></P>

<P><FONT SIZE=1><B>Revenue recognition and other accounting pronouncements:  </B></FONT></P>

<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;Products are sold to customers based on accepted purchase orders which include quantity, sales price and other relevant terms of sale. Revenue, net
of applicable provisions for discounts, returns, allowances, and certain advertising and promotional costs, is recognized when products are delivered to customers and collectibility is reasonably
assured. Shipping and handling costs of $37,836, $31,795 and $28,217 in 2005, 2004 and 2003, respectively, are included in selling, marketing and administrative expenses. Accounts receivable are
unsecured. Revenues from a major customer aggregated approximately 24.0%, 20.8% and 20.6% of total net sales during the years ended December&nbsp;31, 2005, 2004 and 2003, respectively. </FONT></P>

<P><FONT SIZE=1><B>Cash and cash equivalents:  </B></FONT></P>

<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;The Company considers temporary cash investments with an original maturity of three months or less to be cash equivalents. </FONT></P>


<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;Restricted
cash represents the net proceeds received from the sale of surplus real estate in 2005 which is held by a third party intermediary and earmarked for reinvestment in like-kind
real estate as provided under U.S. Internal Revenue Code Section&nbsp;1031. </FONT></P>

<P><FONT SIZE=1><B>Investments:  </B></FONT></P>

<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;Investments consist of various marketable securities with maturities of generally up to four years. The Company classifies debt and equity
securities as either held to maturity, available for sale or trading. Held to maturity securities represent those securities that the Company has both the positive intent and ability to hold to
maturity and are carried at amortized cost. Available for sale securities represent those securities that do not meet the classification of held to maturity, are not actively traded and are carried at
fair value. Unrealized gains and losses on these securities are excluded from earnings and are reported as a separate component of shareholders' equity, net of applicable taxes, until realized.
Trading securities relate to deferred compensation arrangements and are carried at fair value. </FONT></P>

<P><FONT SIZE=1><B>Hedging activities:  </B></FONT></P>

<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;From time to time, the Company enters into commodities futures contracts that are intended and effective as hedges of market price risks associated
with the anticipated purchase of certain raw materials (primarily sugar). To qualify as a hedge, the Company evaluates a variety of characteristics of these transactions, including the probability
that the anticipated transaction will occur. If the anticipated transaction were not to occur, the gain or loss would then be recognized in current earnings. The Company does not engage in trading or
other speculative use of derivative instruments. The Company does assume the risk that counter parties may not be able to meet the terms of their contracts. The Company does not expect any losses as a
result of counter party defaults. </FONT></P>

<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;The
Company's derivative instruments are being accounted for as cash flow hedges and are recorded on the balance sheet at fair value. Changes therein are recorded in other comprehensive
earnings and are reclassified to earnings in the periods in which earnings are affected by the hedged item. Substantially all amounts reported in accumulated other comprehensive earnings (loss) are
expected to be reclassified to cost of goods sold. </FONT></P>

<P><FONT SIZE=1><B>Inventories:  </B></FONT></P>

<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;Inventories are stated at cost, not to exceed market. The cost of substantially all of the Company's inventories ($51,969 and $54,794 at
December&nbsp;31, 2005 and 2004, respectively) has been determined by the last-in, first-out (LIFO) method. The excess of current cost over LIFO cost of inventories approximates $6,530 and $5,868 at
December&nbsp;31, 2005 and 2004, respectively. The cost of certain foreign inventories ($3,063 and $3,983 at December&nbsp;31, 2005 and 2004, respectively) has been determined by the first-in,
first-out (FIFO) method. Rebates, discounts and other cash consideration received from a vendor related to inventory purchases is reflected as a reduction in the cost of the related inventory item,
and is therefore reflected in cost of sales when the related inventory item is sold. </FONT></P>

<P><FONT SIZE=1><B>Property, plant and equipment:  </B></FONT></P>

<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;Depreciation is computed for financial reporting purposes by use of the straight-line method based on useful lives of 20 to 35&nbsp;years for
buildings and 5 to 20&nbsp;years for machinery and equipment. Depreciation expense was $14,687, $11,680, and $11,379 in 2005, 2004 and 2003, respectively. </FONT></P>


<P><FONT SIZE=1><B>Carrying value of long-lived assets:  </B></FONT></P>

<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;The Company reviews long-lived assets to determine if there are events or circumstances indicating that the amount of the asset reflected in the
Company's balance sheet may not be recoverable. When such indicators are present, the Company compares the carrying value of the long-lived asset, or asset group, to the future undiscounted cash flows
of the underlying assets to determine if an impairment exists. If applicable, an impairment charge would be recorded to write down the carrying value to its fair value. The determination of fair value
involves the use of estimates of future cash flows that involve considerable management judgment and are based upon assumptions about expected future operating performance. The actual cash flows could
differ from management's estimates due to changes in business conditions, operating performance, and economic conditions. No impairment charges were recorded by the Company during 2005, 2004 or 2003. </FONT></P>

<P><FONT SIZE=1><B>Postretirement health care and life insurance benefits:  </B></FONT></P>

<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;The Company provides certain postretirement health care and life insurance benefits. The cost of these postretirement benefits is accrued during
employees' working careers. The Company also provides split dollar life insurance benefits to certain executive officers. The Company records an asset equal to the cumulative insurance premiums that
will be recovered upon the death of a covered employee(s) or earlier under the terms of the plan. Split dollar premiums paid were $3,678, $3,620, and $4,237 in 2005, 2004 and 2003, respectively. </FONT></P>

<P><FONT SIZE=1><B>Intangible assets:  </B></FONT></P>

<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;The Company accounts for intangible assets in accordance with SFAS No.&nbsp;142, "Goodwill and Other Intangible Assets," In accordance with this
statement, goodwill and intangible assets with indefinite lives are not amortized, but rather tested for impairment at least annually. All trademarks have been assessed by management to have
indefinite lives because they are expected to generate cash flows indefinitely. The Company has completed its annual impairment testing of its goodwill and trademarks during the fourth quarter of each
of the years presented, and recorded an impairment of $4,743 in the fourth quarter of 2005 relating to a minor trademark and related goodwill. No impairments were recorded in 2004 or 2003. </FONT></P>

<P><FONT SIZE=1><B>Income taxes:  </B></FONT></P>

<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;Deferred income taxes are recorded and recognized for future tax effects of temporary differences between financial and income tax reporting.
Federal income taxes are provided on the portion of income of foreign subsidiaries that is expected to be remitted to the U.S. and become taxable, but not on the portion that is considered to be
permanently invested in the foreign subsidiary. </FONT></P>

<P><FONT SIZE=1><B>Foreign currency translation:  </B></FONT></P>

<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;The Company has determined the functional currency for each foreign subsidiary. The U.S. dollar is used as the functional currency where a
substantial portion of the subsidiary's business is indexed to the U.S. dollar or where its manufactured products are principally sold in the U.S. All other foreign subsidiaries use the local currency
as their functional currency. Where the U.S. dollar is used as the functional currency, foreign currency translation adjustments are recorded as a charge or credit to other income in the statement of
earnings. Where the foreign currency is used as the functional currency, translation adjustments are recorded as a separate component of comprehensive earnings (loss). </FONT></P>

<P><FONT SIZE=1><B>Joint venture:  </B></FONT></P>

<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;The Company's 50% interest in two companies is accounted for using the equity method. The Company records an increase in its investment in the joint
venture to the extent of its share of the joint venture's earnings, and reduces its investment to the extent of dividends received. During 2005, $651 of dividends were received; no dividends were
received in 2004. </FONT></P>

<P><FONT SIZE=1><B>Comprehensive earnings:  </B></FONT></P>

<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;Comprehensive earnings includes net earnings, foreign currency translation adjustments and unrealized gains/losses on commodity hedging contracts
and changes in the fair market value of marketable securities. </FONT></P>

<P ALIGN="RIGHT"><FONT SIZE=2>14</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=14,EFW="2168353",CP="TOOTSIE ROLL INDUSTRIES, INC.",DN="4",CHK=484983,FOLIO='14',FILE='DISK124:[06CHI4.06CHI1224]DW1224A.;28',USER='SLYUBOM',CD='13-MAR-2006;18:07' -->
<A NAME="page_dw1224_1_15"> </A>
<BR>

<P><FONT SIZE=1><B>Earnings per share:  </B></FONT></P>


<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;A dual presentation of basic and diluted earnings per share is not required due to the lack of potentially dilutive securities under the Company's
simple capital structure. Therefore, all earnings per share amounts represent basic earnings per share. </FONT></P>

<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;The
Class&nbsp;B Common Stock has essentially the same rights as Common Stock, except that each share of Class&nbsp;B Common Stock has ten votes per share (compared to one vote per
share of Common Stock), is not traded on any exchange, is restricted as to transfer and is convertible on a share-for-share basis, at any time and at no cost to the holders, into shares of Common
Stock which are traded on the New York Stock Exchange. </FONT></P>

<P><FONT SIZE=1><B>NOTE&nbsp;2&#151;ACCRUED LIABILITIES:  </B></FONT></P>

<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;Accrued liabilities are comprised of the following: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<DIV ALIGN="CENTER"><TABLE WIDTH="90%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="81%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="4%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER"><FONT SIZE=1>December&nbsp;31,<BR></FONT>
<HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="81%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="4%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1>2005</FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1>2004</FONT><HR NOSHADE></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="81%"><FONT SIZE=1>Compensation</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>15,756</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>13,839</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="81%"><FONT SIZE=1>Other employee benefits</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>5,213</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>5,261</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="81%"><FONT SIZE=1>Taxes, other than income</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>1,765</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>2,248</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="81%"><FONT SIZE=1>Advertising and promotions</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>14,701</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>13,710</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="81%"><FONT SIZE=1>Other</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>7,534</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>9,664</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="81%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="81%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>44,969</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>44,722</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="81%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
</TR>
</TABLE></DIV>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=1><B>NOTE&nbsp;3&#151;BANK LOAN AND INDUSTRIAL DEVELOPMENT BONDS:  </B></FONT></P>

<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;The $32,001 bank loans are demand notes issued in December&nbsp;2005 and collateralized by certain investments in marketable securities. The
Company intends to repay the loans by April,&nbsp;2006. Interest is LIBOR based, and the average rate was 4.625%. The bank loan presented in 2004 financials was retired in December 2005. </FONT></P>

<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;Industrial
development bonds are due in 2027. The average floating interest rate was 2.5% and 1.3% in 2005 and 2004, respectively. </FONT></P>

<P><FONT SIZE=1><B>NOTE&nbsp;4&#151;INCOME TAXES:  </B></FONT></P>

<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;The domestic and foreign components of pretax income are as follows: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1>2005</FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1>2004</FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1>2003</FONT><HR NOSHADE></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=1>Domestic</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=1>103,725</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>89,164</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>96,170</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=1>Foreign</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=1>9,927</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>5,524</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>1,777</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="1%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="73%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=1>113,652</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>94,688</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>97,947</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;The provision for income taxes is comprised of the following: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1>2005</FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1>2004</FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1>2003</FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=1>Current:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="1%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="73%"><FONT SIZE=1>Federal</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>33,036</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>26,303</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>27,904</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="1%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="73%"><FONT SIZE=1>Foreign</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>1,151</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>731</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>485</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="1%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="73%"><FONT SIZE=1>State</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>1,990</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>1,070</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>1,202</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="1%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="73%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>36,177</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>28,104</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>29,591</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=1><BR>
Deferred:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="1%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="73%"><FONT SIZE=1>Federal</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>1,038</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>2,907</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>3,465</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="1%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="73%"><FONT SIZE=1>Foreign</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>(849</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>(605</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>(252</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="1%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="73%"><FONT SIZE=1>State</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>59</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>108</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>129</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="1%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="73%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>248</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>2,410</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>3,342</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="1%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="73%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>36,425</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>30,514</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>32,933</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;Significant components of the Company's net deferred tax liability at year end were as follows: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER"><FONT SIZE=1>December&nbsp;31,</FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1>2005</FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1>2004</FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=1>Deferred tax assets:</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="1%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="81%"><FONT SIZE=1>Deferred compensation</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>10,759</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>9,937</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="1%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="81%"><FONT SIZE=1>Post retirement benefits</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>3,759</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>3,493</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="1%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="81%"><FONT SIZE=1>Reserve for uncollectible accounts</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>506</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>480</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="1%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="81%"><FONT SIZE=1>Other accrued expenses</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>2,822</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>2,380</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="1%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="81%"><FONT SIZE=1>Foreign subsidiary tax loss carry forward</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>5,796</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>1,164</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="1%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="81%"><FONT SIZE=1>Foreign subsidiary tax credit carry forward</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>2,312</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>2,039</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="1%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="81%"><FONT SIZE=1>Inventory reserves</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>701</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>1,106</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="1%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="81%"><FONT SIZE=1>Other</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>1,206</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>1,512</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>27,861</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>22,111</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="1%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="81%"><FONT SIZE=1>Valuation reserve</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>(1,464</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>(1,183</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="1%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="81%"><FONT SIZE=1>Total deferred tax assets</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>26,397</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>20,928</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=1>Deferred tax liabilities:</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="1%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="81%"><FONT SIZE=1>Depreciation</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>21,992</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>19,638</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="1%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="81%"><FONT SIZE=1>Deductible goodwill and trademarks</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>19,373</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>15,840</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="1%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="81%"><FONT SIZE=1>Accrued export Company commissions</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>3,353</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>3,087</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="1%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="81%"><FONT SIZE=1>VEBA funding</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>748</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>711</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="1%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="81%"><FONT SIZE=1>Inventory reserves</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>2,287</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>2,233</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="1%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="81%"><FONT SIZE=1>Prepaid insurance</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>587</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>985</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="1%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="81%"><FONT SIZE=1>Other comprehensive income</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>1,423</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>342</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="1%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="81%"><FONT SIZE=1>Other</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>2,850</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>2,705</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="1%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="81%"><FONT SIZE=1>Total deferred tax liabilities</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>52,613</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>45,541</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="1%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="81%"><FONT SIZE=1>Net deferred tax liability</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>26,216</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>24,613</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;At
December&nbsp;31, 2005, the tax benefit of foreign subsidiary tax loss carry forwards expiring by year are as follows: $873 in 2014 and $4,923 in 2015. </FONT></P>

<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;Also
at December&nbsp;31, 2005, the amounts of the foreign subsidiary tax credit carry forwards expiring by year are as follows: $265 in 2007, $226 in 2008, $164 in 2009, $319 in 2010,
$373 in 2011, $359 in 2012, $306 in 2013, $54 in 2014 and $246 in 2015. A valuation allowance has been established for these carry forward credits to reduce the future income tax benefits to amounts
expected to be realized. </FONT></P>

<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;The
effective income tax rate differs from the statutory rate as follows: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="81%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="3%" ALIGN="CENTER"><FONT SIZE=1>2005</FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="3%" ALIGN="CENTER"><FONT SIZE=1>2004</FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="3%" ALIGN="CENTER"><FONT SIZE=1>2003</FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="81%"><FONT SIZE=1>U.S. statutory rate</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=1>35.0</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>%</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=1>35.0</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>%</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=1>35.0</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>%</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="81%"><FONT SIZE=1>State income taxes, net</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=1>1.2</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=1>0.8</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=1>0.9</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="81%"><FONT SIZE=1>Exempt municipal bond interest</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=1>(0.6</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=1>(1.2</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=1>(1.6</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="81%"><FONT SIZE=1>Foreign tax rates</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=1>(2.8</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=1>(1.9</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="81%"><FONT SIZE=1>Qualified domestic production activities</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=1>(0.9</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="81%"><FONT SIZE=1>Repatriation of accumulated foreign earnings</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=1>0.7</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="81%"><FONT SIZE=1>Other, net</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=1>(0.3</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=1>(0.5</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=1>(0.7</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="81%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="81%"><FONT SIZE=1>Effective income tax rate</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=1>32.3</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>%</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=1>32.2</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>%</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=1>33.6</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>%</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="81%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;The Company has not provided for U.S. federal or foreign withholding taxes on $8,831 and $13,411 of foreign subsidiaries' undistributed earnings as
of December&nbsp;31, 2005 and December&nbsp;31, 2004, respectively, because such earnings are considered to be permanently reinvested. It is not practicable to determine the amount of income taxes
that would be payable upon remittance of the undistributed earnings. </FONT></P>

<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;On
October&nbsp;22, 2004, the President signed the American Jobs Creation Act of 2004 (the "Act"). The Act created a temporary incentive for U.S. corporations to repatriate accumulated
income earned abroad by providing an 85% dividends received deduction for certain dividends from controlled foreign corporations. In 2005 the Company repatriated accumulated income earned abroad by
its controlled foreign corporations in the amount of $21,200 and incurred a U.S. tax expense of $800 net of foreign tax credits. </FONT></P>

<P><FONT SIZE=1><B>NOTE&nbsp;5&#151;SHARE CAPITAL AND CAPITAL IN EXCESS OF PAR VALUE:  </B></FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="62%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="4%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%" ROWSPAN=3><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=4 ROWSPAN=3 ALIGN="CENTER"><FONT SIZE=1>Class&nbsp;B<BR>
Common Stock</FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="4%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="62%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%" ROWSPAN=2><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=4 ROWSPAN=2 ALIGN="CENTER"><FONT SIZE=1>Common Stock</FONT><HR NOSHADE></TH>
<TH WIDTH="1%" ROWSPAN=2><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=4 ROWSPAN=2 ALIGN="CENTER"><FONT SIZE=1>Treasury Stock</FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="62%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%" ROWSPAN=2><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ROWSPAN=2 ALIGN="CENTER"><FONT SIZE=1>Capital in excess of par value</FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="62%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="4%" ALIGN="CENTER"><FONT SIZE=1>Shares</FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1>Amount</FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="4%" ALIGN="CENTER"><FONT SIZE=1>Shares</FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1>Amount</FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="4%" ALIGN="CENTER"><FONT SIZE=1>Shares</FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1>Amount</FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="62%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="4%" ALIGN="CENTER"><FONT SIZE=1>(000's)</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="4%" ALIGN="CENTER"><FONT SIZE=1>(000's)</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="4%" ALIGN="CENTER"><FONT SIZE=1>(000's)</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="62%"><FONT SIZE=1>Balance at January&nbsp;1, 2003</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>34,248</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>23,783</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>16,759</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>11,638</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>(55</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>(1,992</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>355,658</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="62%"><FONT SIZE=1>Issuance of 3% stock dividend</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>1,017</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>706</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>502</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>349</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>(1</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>41,458</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="62%"><FONT SIZE=1>Conversion of Class&nbsp;B common shares to common shares</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>116</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>81</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>(116</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>(81</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="62%"><FONT SIZE=1>Purchase and retirement of common shares</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>(1,299</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>(902</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>(39,194</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="62%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="62%"><FONT SIZE=1>Balance at December&nbsp;31, 2003</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>34,082</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>23,668</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>17,145</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>11,906</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>(56</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>(1,992</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>357,922</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="62%"><FONT SIZE=1>Issuance of 3% stock dividend</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>1,009</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>701</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>513</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>356</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>(2</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>55,901</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="62%"><FONT SIZE=1>Conversion of Class&nbsp;B common shares to common shares</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>143</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>99</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>(143</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>(99</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="62%"><FONT SIZE=1>Purchase and retirement of common shares</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>(474</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>(329</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>(16,078</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="62%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="62%"><FONT SIZE=1>Balance at December&nbsp;31, 2004</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>34,760</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>24,139</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>17,515</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>12,163</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>(58</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>(1,992</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>397,745</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="62%"><FONT SIZE=1>Issuance of 3% stock dividend</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>1,033</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>717</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>524</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>364</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>(2</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>45,229</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="62%"><FONT SIZE=1>Conversion of Class&nbsp;B common shares to common shares</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>39</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>27</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>(39</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>(27</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="62%"><FONT SIZE=1>Purchase and retirement of common shares</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>(577</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>(400</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>(16,849</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="62%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="62%"><FONT SIZE=1>Balance at December&nbsp;31, 2005</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>35,255</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>24,483</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>18,000</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>12,500</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>(60</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>(1,992</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>426,125</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="62%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;Average shares outstanding and all per share amounts included in the financial statements and notes thereto have been adjusted retroactively to
reflect annual three percent stock dividends. </FONT></P>

<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;While
the Company does not have a formal or publicly announced stock repurchase program, the Company's board of directors periodically authorizes a dollar amount for share repurchases. </FONT></P>

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

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=2,SEQ=15,EFW="2168353",CP="TOOTSIE ROLL INDUSTRIES, INC.",DN="4",CHK=620164,FOLIO='15',FILE='DISK124:[06CHI4.06CHI1224]DW1224B.;21',USER='SLYUBOM',CD='13-MAR-2006;18:07' -->
<A NAME="page_dw1224_1_16"> </A>
<BR>

<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;Based
upon this policy, shares were purchased and retired as follows: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="41%" ALIGN="LEFT"><FONT SIZE=1>Year<BR></FONT>
<HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="27%" ALIGN="CENTER"><FONT SIZE=1>Total Number Of Shares Purchased</FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1>Average Price Paid Per Share</FONT><HR NOSHADE></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=1>2005</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="27%" ALIGN="RIGHT"><FONT SIZE=1>577</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="26%" ALIGN="RIGHT"><FONT SIZE=1>29.87</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=1>2004</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="27%" ALIGN="RIGHT"><FONT SIZE=1>474</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="26%" ALIGN="RIGHT"><FONT SIZE=1>34.56</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="41%"><FONT SIZE=1>2003</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="27%" ALIGN="RIGHT"><FONT SIZE=1>1,299</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="26%" ALIGN="RIGHT"><FONT SIZE=1>30.82</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=1><B>NOTE&nbsp;6&#151;OTHER INCOME, NET:  </B></FONT></P>

<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;Other income (expense) is comprised of the following: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="77%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1>2005</FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1>2004</FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1>2003</FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="77%"><FONT SIZE=1>Interest and dividend income</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>2,632</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=1>3,784</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=1>4,465</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="77%"><FONT SIZE=1>Interest expense</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>(2,537</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=1>(912</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=1>(172</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="77%"><FONT SIZE=1>Joint venture income</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>918</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=1>232</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="77%"><FONT SIZE=1>Foreign exchange gains (losses)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>852</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=1>453</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=1>(78</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="77%"><FONT SIZE=1>Royalty income</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>1,381</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=1>698</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=1>542</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="77%"><FONT SIZE=1>Capital gains (losses)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>166</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=1>(163</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=1>112</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="77%"><FONT SIZE=1>Rental income</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>1,107</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=1>413</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=1>88</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="77%"><FONT SIZE=1>Miscellaneous, net</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>389</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=1>279</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=1>637</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="77%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="77%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>4,908</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=1>4,784</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=1>5,594</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="77%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=1><B>NOTE&nbsp;7&#151;EMPLOYEE BENEFIT PLANS:<BR>
Pension plans:  </B></FONT></P>

<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;The Company sponsors defined contribution pension plans covering certain nonunion employees with over one year of credited service. The Company's
policy is to fund pension costs accrued based on compensation levels. Total pension expense for 2005, 2004 and 2003 approximated $3,249, $3,135 and $3,073, respectively. The Company also maintains
certain profit sharing and savings-investment plans. Company contributions in 2005, 2004 and 2003 to these plans were $905, $806 and $796, respectively. </FONT></P>


<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;The
Company also contributes to multi-employer defined benefit pension plans for its union employees. Such contributions aggregated $1,011, $1,007 and $1,048 in 2005, 2004 and 2003,
respectively. The relative position of each employer associated with the multi-employer plans with respect to the actuarial present value of benefits and net plan assets is not determinable by the
Company. </FONT></P>

<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;For
2006 the Company plans to add a defined benefit pension plan covering its employees in Mexico. This addition did not significantly affect the amounts disclosed for 2005. </FONT></P>


<P><FONT SIZE=1><B>Deferred compensation:  </B></FONT></P>

<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;The Company sponsors three deferred compensation plans for selected executives and other employees: (i)&nbsp;the Excess Benefit Plan, which
restores retirement benefits lost due to IRS limitations on contributions to tax-qualified plans, (ii)&nbsp;the Supplemental Plan, which allows eligible employees to defer the receipt of eligible
compensation until designated future dates and (iii)&nbsp;the Career Achievement Plan, which provides a deferred annual incentive award to selected executives. Participants in these plans earn a
return on amounts due them based on several investment options, which mirror returns on underlying investments (primarily mutual funds). The Company hedges its obligations under the plans by investing
in the actual underlying investments. These investments are classified as trading securities and are carried at fair value. At December&nbsp;31, 2005 and 2004, these investments totaled $27,500 and
$25,300, respectively. All gains and losses in these investments are equally offset by corresponding gains and losses in the Company's deferred compensation liabilities. </FONT></P>

<P><FONT SIZE=1><B>Postretirement health care and life insurance benefit plans:  </B></FONT></P>

<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;The Company provides certain postretirement health care and life insurance benefits for corporate office and management employees. Employees become
eligible for these benefits based upon their age and service and if they agree to contribute a portion of the cost. The Company has the right to modify or terminate these benefits. The Company does
not fund postretirement health care and life insurance benefits in advance of payments for benefit claims. </FONT></P>

<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;The
changes in the accumulated postretirement benefit obligation at December&nbsp;31, 2005 and 2004 consist of the following: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="82%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER"><FONT SIZE=1>December&nbsp;31,</FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="82%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1>2005</FONT><HR NOSHADE></TH>
<TH WIDTH="4%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1>2004</FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="82%"><FONT SIZE=1>Benefit obligation, beginning of year</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>10,075</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>9,302</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="82%"><FONT SIZE=1>Net periodic postretirement benefit cost</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>919</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>992</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="82%"><FONT SIZE=1>Benefits paid</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>(211</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>(219</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="82%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="4%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="82%"><FONT SIZE=1>Benefit obligation, end of year</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>10,783</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>10,075</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="82%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="4%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;Net periodic postretirement benefit cost included the following components: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="80%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1>2005</FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1>2004</FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1>2003</FONT><HR NOSHADE></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="80%"><FONT SIZE=1>Service cost&#151;benefits attributed to<BR>
service during the period</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=1>474</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=1>521</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=1>638</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="80%"><FONT SIZE=1>Interest cost on the accumulated postretirement benefit obligation</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=1>519</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=1>514</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=1>604</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="80%"><FONT SIZE=1>Amortization of unrecognized net (gain) loss</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=1>(74</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=1>(43</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=1>85</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="80%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="80%"><FONT SIZE=1>Net periodic postretirement benefit cost</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=1>919</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=1>992</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=1>1,327</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="80%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;For measurement purposes, a 8.5% annual rate of increase in the per capita cost of covered health care benefits was assumed for 2005; the rate was
assumed to decrease gradually to 5.5% for 2011 and remain at that level thereafter. The health care cost trend rate assumption has a significant effect on the amounts reported. The weighted-average
discount rate used in determining the accumulated postretirement benefit obligation was 5.50% and 5.75% at December&nbsp;31, 2005 and 2004, respectively. </FONT></P>

<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;Increasing
or decreasing the health care trend rates by one percentage point in each year would have the following effect on: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="83%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1>1%&nbsp;Increase</FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1>1%&nbsp;Decrease</FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="83%"><FONT SIZE=1>Postretirement benefit obligation</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=1>1,506</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=1>(1,225</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="83%"><FONT SIZE=1>Total of service and interest cost components</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=1>177</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=1>(141</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;The Company estimates future benefit payments will be $341, $361, $384, $393 and $402 in 2006 through 2010, respectively, and a total of $2,590 in
2011 through 2015. </FONT></P>

<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;The
future benefit payments are net of the annual Medicare Part&nbsp;D subsidy of approximately $780 beginning in 2006. </FONT></P>

<P><FONT SIZE=1><B>NOTE&nbsp;8&#151;COMMITMENTS:  </B></FONT></P>


<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;Rental expense aggregated $1,090, $1,012 and $962 in 2005, 2004 and 2003, respectively. </FONT></P>

<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;Future
operating lease commitments are not significant. </FONT></P>

<P><FONT SIZE=1><B>NOTE&nbsp;9&#151;SEGMENT AND GEOGRAPHIC INFORMATION:  </B></FONT></P>

<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;The Company operates as a single reportable segment encompassing the manufacture and sale of confectionery products. Its principal manufacturing
operations are located in the United States and Canada, and its principal market is the United States. The Company also manufactures and sells confectionery products in Mexico, and exports products to
Canada as well as to over 30&nbsp;countries worldwide. </FONT></P>

<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;The
following geographic data include net sales summarized on the basis of the customer location and long-lived assets based on their physical location. </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1>2005</FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1>2004</FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1>2003</FONT><HR NOSHADE></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=1>Net Sales:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="1%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="75%"><FONT SIZE=1>United States</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=1>445,405</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=1>387,280</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=1>362,373</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="1%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="75%"><FONT SIZE=1>Foreign</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=1>42,334</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=1>32,830</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=1>30,283</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=1>487,739</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=1>420,110</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=1>392,656</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=1><BR>
Long-lived assets:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="1%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="75%"><FONT SIZE=1>United States</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=1>246,721</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=1>293,618</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=1>283,362</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="1%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="75%"><FONT SIZE=1>Foreign</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=1>57,160</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=1>58,098</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=1>5,013</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=1>303,881</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=1>351,716</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=1>288,375</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=1><B>NOTE&nbsp;10&#151;DISCLOSURES ABOUT THE FAIR VALUE AND CARRYING AMOUNT OF FINANCIAL INSTRUMENTS:  </B></FONT></P>

<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;The carrying amount approximates fair value of cash and cash equivalents because of the short maturity of those instruments. The fair values of
investments are estimated based on quoted market prices. The fair value of the Company's bank loan and industrial development bonds approximates their carrying value because they have a floating
interest rate. </FONT></P>

<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;During
the third quarter of 2004 approximately $36,000 of held to maturity investments were liquidated in connection with financing the acquisition of Concord Confections. As a result,
the $101,000 balance of held to maturity securities was reclassified to available for sale. This change in classification was not significant to the Company's 2004 net earnings or comprehensive
earnings. </FONT></P>

<P ALIGN="RIGHT"><FONT SIZE=2>16</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=3,SEQ=16,EFW="2168353",CP="TOOTSIE ROLL INDUSTRIES, INC.",DN="4",CHK=376456,FOLIO='16',FILE='DISK124:[06CHI4.06CHI1224]DW1224B.;21',USER='SLYUBOM',CD='13-MAR-2006;18:07' -->
<A NAME="page_dw1224_1_17"> </A>
<BR>

<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;The
carrying amount and estimated fair values of the Company's financial instruments are as follows: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="69%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER"><FONT SIZE=1>2005</FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER"><FONT SIZE=1>2004</FONT><HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="69%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1>Carrying Amount</FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1>Fair Value</FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1>Carrying Amount</FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1>Fair Value</FONT><HR NOSHADE></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="69%"><FONT SIZE=1>Cash and cash equivalents</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=1>69,006</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>69,006</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=1>56,989</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=1>56,989</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="69%"><FONT SIZE=1>Restricted cash</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=1>22,330</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>22,330</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="69%"><FONT SIZE=1>Investments available for sale</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=1>72,270</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>72,270</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=1>103,676</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=1>103,676</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="69%"><FONT SIZE=1>Investments in trading securities</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=1>27,473</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>27,473</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=1>25,332</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=1>25,332</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="69%"><FONT SIZE=1>Bank loan and industrial development bonds</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=1>39,501</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>39,501</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=1>99,500</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=1>99,500</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;A summary of the aggregate fair value, gross unrealized gains, gross unrealized losses and amortized cost basis of the Company's investment
portfolio by major security type is as follows: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="70%" ALIGN="LEFT"><FONT SIZE=1><BR>
&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TH>
<TH COLSPAN=11 ALIGN="CENTER"><FONT SIZE=1><BR>
December&nbsp;31, 2005</FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1><BR>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="70%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%" ROWSPAN=2><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ROWSPAN=2 ALIGN="CENTER"><FONT SIZE=1>Unrealized</FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="70%" ROWSPAN=2 ALIGN="LEFT"><FONT SIZE=1>Available for Sale:<BR></FONT>
<HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1>Amortized Cost</FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1>Fair Value</FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1>Gains</FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1>Losses</FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="70%"><FONT SIZE=1>Municipal bonds</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=1>69,560</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=1>68,723</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>(837</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="70%"><FONT SIZE=1>Mutual funds</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=1>2,527</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=1>3,547</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=1>1,020</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="70%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="70%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=1>72,087</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=1>72,270</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=1>1,020</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>(837</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="70%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="70%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=11 ALIGN="CENTER"><FONT SIZE=1>December&nbsp;31,&nbsp;2004</FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="70%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%" ROWSPAN=2><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=5 ROWSPAN=2 ALIGN="CENTER"><FONT SIZE=1>Unrealized</FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="70%" ROWSPAN=2 ALIGN="LEFT"><FONT SIZE=1>Available for Sale:<BR></FONT>
<HR NOSHADE></TH>
<TH WIDTH="1%" ROWSPAN=2><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ROWSPAN=2 ALIGN="CENTER"><FONT SIZE=1>Amortized Cost</FONT><HR NOSHADE></TH>
<TH WIDTH="1%" ROWSPAN=2><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ROWSPAN=2 ALIGN="CENTER"><FONT SIZE=1>Fair<BR>
Value</FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1>Gains</FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1>Losses</FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="70%"><FONT SIZE=1>Municipal bonds</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=1>100,630</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=1>100,008</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>(622</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="70%"><FONT SIZE=1>Mutual funds</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=1>2,714</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=1>3,668</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=1>954</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="70%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="70%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=1>103,344</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=1>103,676</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="3%" ALIGN="RIGHT"><FONT SIZE=1>954</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="4%" ALIGN="RIGHT"><FONT SIZE=1>(622</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="70%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;There were no securities with maturities greater than four years and gross realized gains and losses on the sale of available for sale securities in
2005 and 2004 were not significant. </FONT></P>

<P><FONT SIZE=1><B>NOTE&nbsp;11&#151;COMPREHENSIVE INCOME:  </B></FONT></P>

<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;The following table sets forth information with respect to accumulated other comprehensive income (loss): </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1>Foreign<BR>
Currency<BR>
Translation<BR>
Adjustment</FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1>Unrealized<BR>
Gain (Loss)<BR>
On<BR>
Investments</FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1>Unrealized<BR>
Gain (Loss)<BR>
on Derivatives</FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1>Accumulated<BR>
Other<BR>
Comprehensive<BR>
Earnings (Loss)</FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=1>Balance at January&nbsp;1, 2003</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>(11,510</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>(16</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>474</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=1>(11,052</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="1%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="61%"><FONT SIZE=1>Unrealized gains (losses)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>(647</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>784</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>890</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=1>1,027</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="1%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="61%"><FONT SIZE=1>(Gains) losses reclassified to net earnings</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>2</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>(1,690</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=1>(1,688</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="1%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="61%"><FONT SIZE=1>Tax effect</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>(290</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>294</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=1>4</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="1%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="61%"><FONT SIZE=1>Net of tax amount</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>(647</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>496</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>(506</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=1>(657</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=1>Balance at December&nbsp;31, 2003</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>(12,157</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>480</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>(32</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=1>(11,709</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="1%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="61%"><FONT SIZE=1>Unrealized gains (losses)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>193</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>(585</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>2,594</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=1>2,202</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="1%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="61%"><FONT SIZE=1>(Gains) losses reclassified to net earnings</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>155</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>(1,237</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=1>(1,082</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="1%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="61%"><FONT SIZE=1>Tax effect</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>159</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>(501</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=1>(342</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="1%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="61%"><FONT SIZE=1>Net of tax amount</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>193</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>(271</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>856</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=1>778</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=1>Balance at December&nbsp;31, 2004</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>(11,964</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>209</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>824</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=1>(10,931</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="1%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="61%"><FONT SIZE=1>Unrealized gains (losses)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>1,036</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>(184</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>4,186</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=1>5,038</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="1%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="61%"><FONT SIZE=1>(Gains) losses reclassified to net earnings</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>36</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>(946</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=1>(910</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="1%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="61%"><FONT SIZE=1>Tax effect</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>&#151;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>55</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>(1,199</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=1>(1,144</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="1%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="61%"><FONT SIZE=1>Net of tax amount</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>1,036</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>(93</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>2,041</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=1>2,984</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=1>Balance at December&nbsp;31, 2005</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>(10,928</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>116</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>2,865</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=1>(7,947</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=2 ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
<TD WIDTH="1%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=1><B>NOTE&nbsp;12&#151;ACQUISITION:  </B></FONT></P>

<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;On August&nbsp;30, 2004, the Company purchased certain assets and assumed certain liabilities from Concord Confections,&nbsp;Inc. and its
affiliates (collectively Concord) including its 50% equity interest in a Spanish joint venture. Cash consideration paid of $218,229 was funded by the liquidation of $64,229 of marketable securities
and a bank term loan of $154,000. The results of Concord's operations have been included in the Company's condensed consolidated financial statements since August&nbsp;30, 2004. Concord holds a
strong market position in the bubble gum category and its products are sold primarily under the Dubble Bubble brand name and trademark. </FONT></P>


<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;The
acquisition has been accounted for under SFAS&nbsp;141, "Business Combinations," and accordingly the purchase method of accounting has been used. The allocation of purchase price
is based on management's determination and professional valuations of the fair value of the assets acquired and liabilities to be assumed. The final adjusted purchase price was allocated as follows: </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=1>Calculation of adjusted purchase price:</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="1%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="91%"><FONT SIZE=1>Cash consideration paid for net assets acquired</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>$218,229</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="1%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="91%"><FONT SIZE=1>Direct transactions fees and expenses</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>1,000</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="1%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="91%"><FONT SIZE=1>Less&#151;Adjustment to purchase relating to minimum working capital required</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>(6,755)</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><HR NOSHADE></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=1>Total purchase price</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>$212,474</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=1><BR>
Allocation of purchase price:</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1><BR>
&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="1%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="91%"><FONT SIZE=1>Net working capital</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>$&nbsp;&nbsp;&nbsp;&nbsp;6,818</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="1%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="91%"><FONT SIZE=1>Step up of inventories</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>1,622</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="1%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="91%"><FONT SIZE=1>Investment in joint venture</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>10,000</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="1%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="91%"><FONT SIZE=1>Property, plant and equipment</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>43,572</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="1%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="91%"><FONT SIZE=1>Indefinite lived trademarks</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>113,994</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="1%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="91%"><FONT SIZE=1>Goodwill&#151;deductible for income tax</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>36,468</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><HR NOSHADE></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=1>Total purchase price</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>$212,474</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><HR NOSHADE SIZE=4></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;The following table includes the unaudited pro forma net sales, net earnings and net earnings per share for 2004 and 2003 as if the Company had
acquired Concord as of January&nbsp;1, 2003. Pro forma adjustments are necessary to reflect costs and expenses of financing the purchase, including additional interest expense relating to bank
borrowings and the decrease in investment income reflecting the sale of marketable securities, and changes in depreciation expense resulting from fair value adjustments to net tangible assets. </FONT></P>

<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;The
unaudited pro forma combined financial information presented does not reflect any cost savings or synergies that might be realized, including the anticipated elimination of
substantially all of the Concord historical senior executive compensation and other management expenses which aggregated approximately $3,872 and $10,283 net of income taxes for the twelve months of
2004 and 2003, respectively. The pro forma results also reflect $495 and $12,007 of historical foreign exchange gains net of tax for 2004 and 2003, respectively. </FONT></P>

<P><FONT SIZE=1>UNAUDITED
PRO FORMA COMBINED<BR>
INCOME STATEMENT OF TOOTSIE ROLL AND CONCORD<BR>
FOR THE TWELVE MONTHS ENDED DECEMBER&nbsp;31, 2004 AND 2003 </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="82%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1>2004<BR>
Combined<BR>
Pro forma</FONT><HR NOSHADE></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=1>2003<BR>
Combined<BR>
Pro forma</FONT><HR NOSHADE></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="82%"><FONT SIZE=1>Net sales</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>479,278</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>467,522</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="82%"><FONT SIZE=1>Net earnings</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>64,673</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>71,802</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="82%"><FONT SIZE=1>Earnings per share</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>1.20</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=1>$</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT"><FONT SIZE=1>1.31</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;The pro forma results are not necessarily indicative of what actually would have occurred if the acquisition had been completed as of the beginning
of the presented periods, nor are they necessarily indicative of future consolidated results. </FONT></P>

<P><FONT SIZE=1><B>NOTE&nbsp;13&#151;GAIN ON SALE OF REAL ESTATE:  </B></FONT></P>

<P><FONT SIZE=1>&nbsp;&nbsp;&nbsp;&nbsp;During 2005, the Company sold surplus real estate and realized a pre-tax gain of $21,840. The Company intends to reinvest the net proceeds, $22,330
of restricted cash as of December&nbsp;31, 2005, in new real estate investments during 2006 in compliance with U.S. Internal Revenue Code (IRC) Section&nbsp;1031. As of December&nbsp;31, 2005,
the Company has recorded a current income tax expense and related current income tax payable of $7,972 relating to this gain. Upon reinvestment of these proceeds in 2006 and fulfillment of the
requirements of IRC Section&nbsp;1031, Like-Kind Exchange, the Company will reclassify this current income tax payable to deferred income tax liability, since the income tax on such gain will be
deferred. </FONT></P>

<P><FONT SIZE=2>17</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=4,SEQ=17,EFW="2168353",CP="TOOTSIE ROLL INDUSTRIES, INC.",DN="4",CHK=51452,FOLIO='17',FILE='DISK124:[06CHI4.06CHI1224]DW1224B.;21',USER='SLYUBOM',CD='13-MAR-2006;18:07' -->
<A NAME="page_dw1224_1_18"> </A>

<P><FONT SIZE=2><A
NAME="dw1224_management_s_report_on_interna__man02650"> </A>
<A NAME="toc_dw1224_2"> </A>
<BR></FONT><FONT SIZE=4><B><I>Management's Report on Internal Control Over Financial&nbsp;Reporting    <BR>  </I></B></FONT></P>

<P><FONT SIZE=2>The management of Tootsie Roll Industries,&nbsp;Inc. is responsible for establishing and maintaining adequate internal control over financial reporting, as
such term is defined in the Securities Exchange Act of 1934 (SEC) Rule&nbsp;13a-15(f). Our management conducted an evaluation of the effectiveness of the Company's internal control over financial
reporting as of December&nbsp;31, 2005 as required by SEC Rule&nbsp;13a-15(c). In making this assessment, we used the criteria established in </FONT><FONT SIZE=2><I>Internal
Control&#151;Integrated Framework</I></FONT><FONT SIZE=2> issued by the Committee of Sponsoring Organizations of the Treadway Commission (the COSO criteria). Based on our evaluation under the
COSO criteria, our management concluded that our internal control over financial reporting was effective as of December&nbsp;31, 2005. </FONT></P>

<P><FONT SIZE=2>Our
management's assessment of the effectiveness of our internal control over financial reporting as of December&nbsp;31, 2005 has been audited by PricewaterhouseCoopers,&nbsp;LLP an independent
registered public accounting firm, as stated in their report which appears on page&nbsp;19. </FONT></P>


<P><FONT SIZE=2>Tootsie
Roll Industries,&nbsp;Inc. </FONT></P>

<P><FONT SIZE=2>Chicago,
Illinois<BR>
March&nbsp;14, 2006 </FONT></P>

<P><FONT SIZE=2><A
NAME="dw1224_required_certifications"> </A>
<A NAME="toc_dw1224_3"> </A>
<BR></FONT><FONT SIZE=4><B><I>Required Certifications    <BR>  </I></B></FONT></P>

<P><FONT SIZE=2>In 2005, the Company's Chief Executive Officer submitted to the New York Stock Exchange the required Annual CEO Certification certifying that he was not aware
of any violation by the Company of the exchange's corporate governance listing standards. </FONT></P>

<P><FONT SIZE=2>The
Company filed with the Securities and Exchange Commission the certifications required of the Company's Chief Executive Officer and Chief Financial Officer required under Section&nbsp;302 of the
Sarbanes&#150;Oxley Act of 2002 as exhibits to the Form&nbsp;10-K for the year ended December&nbsp;31, 2005. </FONT></P>

<P ALIGN="RIGHT"><FONT SIZE=2>18</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=5,SEQ=18,EFW="2168353",CP="TOOTSIE ROLL INDUSTRIES, INC.",DN="4",CHK=580636,FOLIO='18',FILE='DISK124:[06CHI4.06CHI1224]DW1224B.;21',USER='SLYUBOM',CD='13-MAR-2006;18:07' -->
<A NAME="page_dw1224_1_19"> </A>


<P><FONT SIZE=2><I> <A NAME="dw1224_report_of_independent_r__dw102308"> </A>
<A NAME="toc_dw1224_4"> </A>
<BR>    </I></FONT><FONT SIZE=4><B><I>Report of Independent Registered Public Accounting Firm    <BR>  </I></B></FONT></P>

<P><FONT SIZE=2>To the Board of Directors and Shareholders of Tootsie Roll Industries, Inc.: </FONT></P>

<P><FONT SIZE=2>We
have completed integrated audits of Tootsie Roll Industries,&nbsp;Inc.'s 2005 and 2004 consolidated financial statements and of its internal control over financial reporting as of
December&nbsp;31, 2005 and an audit of its 2003 consolidated financial statements in accordance with the standards of the Public Company Accounting Oversight Board (United States). Our opinions,
based on our audits, are presented below. </FONT></P>

<P><FONT SIZE=2><I>Consolidated financial statements  </I></FONT></P>

<P><FONT SIZE=2>In
our opinion, the accompanying consolidated balance sheets and the related consolidated statements of earnings, comprehensive earnings, retained earnings, and cash flows present fairly, in all
material respects, the financial position of Tootsie Roll Industries, Inc. and its subsidiaries at December&nbsp;31, 2005 and 2004, and the results of their operations and their cash flows for each
of the three years in the period ended December&nbsp;31, 2005 in conformity with accounting principles generally accepted in the United States of America. These financial statements are the
responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these statements in accordance
with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the
financial statements are free of material misstatement. An audit of financial statements includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial
statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits provide a
reasonable basis for our opinion. </FONT></P>

<P><FONT SIZE=2><I>Internal control over financial reporting  </I></FONT></P>

<P><FONT SIZE=2>Also,
in our opinion, management's assessment, included in the accompanying Management's Report on Internal Control Over Financial Reporting, that the Company maintained effective internal control
over financial reporting as of December&nbsp;31, 2005 based on criteria established in </FONT><FONT SIZE=2><I>Internal Control&#151;Integrated Framework</I></FONT><FONT SIZE=2> issued by the
Committee of Sponsoring Organizations of the Treadway Commission (COSO), is fairly stated, in all material respects, based on those criteria. Furthermore, in our opinion, the Company maintained, in
all material respects, effective internal control over financial reporting as of December 31, 2005, based on criteria established in </FONT><FONT SIZE=2><I>Internal Control&#151;Integrated
Framework</I></FONT><FONT SIZE=2> issued by the COSO. The Company's management is responsible for maintaining effective internal control over financial reporting and for its assessment of the
effectiveness of internal control over financial reporting. Our responsibility is to express opinions on management's assessment and on the effectiveness of the Company's internal control over
financial reporting based on our audit. We conducted our audit of internal control over financial reporting in accordance with the 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 effective internal control over financial reporting was maintained in all material
respects. An audit of internal control over financial reporting includes obtaining an understanding of internal control over financial reporting, evaluating management's assessment, testing and
evaluating the design and operating effectiveness of internal control, and performing such other procedures as we consider necessary in the circumstances. We believe that our audit provides a
reasonable basis for our opinions. </FONT></P>

<P><FONT SIZE=2>A
Company's internal control over financial reporting is a process designed 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. A Company's internal control over financial reporting includes those policies and procedures that (i)&nbsp;pertain
to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the Company; (ii)&nbsp;provide reasonable assurance that
transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the Company are
being made only in accordance with authorizations of management and directors of the Company; and (iii)&nbsp;provide reasonable assurance regarding prevention or timely detection of unauthorized
acquisition, use, or disposition of the Company's assets that could have a material effect on the financial statements. </FONT></P>

<P><FONT SIZE=2>Because
of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are
subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. </FONT></P>

<P><FONT SIZE=2><B>
<IMG SRC="g1001641.jpg" ALT="SIGNATURE" WIDTH="261" HEIGHT="52">
  </B></FONT></P>

<P><FONT SIZE=2>Chicago,
Illinois<BR>
March&nbsp;14, 2006 </FONT></P>

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

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=6,SEQ=19,EFW="2168353",CP="TOOTSIE ROLL INDUSTRIES, INC.",DN="4",CHK=897738,FOLIO='19',FILE='DISK124:[06CHI4.06CHI1224]DW1224B.;21',USER='SLYUBOM',CD='13-MAR-2006;18:07' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P><FONT SIZE=2><A
NAME="page_dy1224_1_20"> </A> </FONT></P>

<!-- TOC_END -->
<HR NOSHADE>

<P><FONT SIZE=2><I> <A NAME="dy1224_quarterly_#160;financial_#160;data_#160;(unaudited)"> </A>
<A NAME="dy1224_quarterly_financial_data_(unau__qua03160"> </A>
<A NAME="toc_dy1224_1"> </A> </I></FONT><FONT SIZE=4><B><I>Quarterly Financial Data  (Unaudited)    <BR>    <BR>  </I></B></FONT><FONT SIZE=1>TOOTSIE ROLL INDUSTRIES, INC. AND SUBSIDIARIES    <BR></FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="49%" ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TH>
<TH COLSPAN=9 ALIGN="CENTER"><FONT SIZE=2>(Thousands of dollars except per share data)<BR></FONT>
<BR></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="49%" ALIGN="LEFT"><FONT SIZE=2>2005</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TH>
<TH WIDTH="7%" ALIGN="CENTER"><FONT SIZE=2>First</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TH>
<TH WIDTH="8%" ALIGN="CENTER"><FONT SIZE=2>Second</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TH>
<TH WIDTH="8%" ALIGN="CENTER"><FONT SIZE=2>Third</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TH>
<TH WIDTH="8%" ALIGN="CENTER"><FONT SIZE=2>Fourth</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TH>
<TH WIDTH="8%" ALIGN="CENTER"><FONT SIZE=2>Total</FONT><BR></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH COLSPAN=11 ALIGN="CENTER"><HR NOSHADE></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>Net sales</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2><B>$97,925</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2><B>$103,627</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2><B>$173,692</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2><B>$112,495</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2><B>$487,739</B></FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>Gross margin</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2><B>39,449</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2><B>41,741</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2><B>67,495</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2><B>39,898</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2><B>188,583</B></FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>Net earnings</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2><B>12,506</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2><B>13,731</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2><B>27,665</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2><B>23,325</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2><B>77,227</B></FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>Net earnings per share</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2><B>.23</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2><B>.26</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2><B>.52</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2><B>.44</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2><B>1.44</B></FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="49%"><BR><FONT SIZE=2><B>2004</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="7%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=11><HR NOSHADE></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>Net sales</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>$80,046</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>$77,157</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>$156,971</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>$105,936</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>$420,110</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>Gross margin</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>34,730</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>34,992</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>64,804</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>41,083</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>175,609</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>Net earnings</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>11,493</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>11,828</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>26,976</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>13,877</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>64,174</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>Net earnings per share</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>.21</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>.22</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>.50</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>.26</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>1.19</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="49%"><BR><FONT SIZE=2><B>2003</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="7%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD COLSPAN=11><HR NOSHADE></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>Net sales</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>$75,570</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>$77,725</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>$147,201</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>$92,160</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>$392,656</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>Gross margin</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>32,601</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>35,541</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>61,932</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>40,035</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>170,109</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>Net earnings</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>10,909</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>12,317</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>26,945</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>14,843</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>65,014</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>Net earnings per share</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="7%" ALIGN="RIGHT"><FONT SIZE=2>.20</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>.23</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>.49</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>.27</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2>1.19</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2>Net earnings per share is based upon average outstanding shares as adjusted for 3% stock dividends issued during the second quarter of each year. The sum of the
per share amounts may not equal annual amounts due to rounding. </FONT></P>

<HR NOSHADE>

<P><FONT SIZE=2>2005-2004
QUARTERLY SUMMARY OF TOOTSIE ROLL INDUSTRIES, INC. STOCK PRICE AND DIVIDENDS PER SHARE </FONT></P>

<P><FONT SIZE=2>STOCK
PRICES* </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="80%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="59%" ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER"><FONT SIZE=2>2005</FONT><BR></TH>
<TH WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TH>
<TH COLSPAN=5 ALIGN="CENTER"><FONT SIZE=2>2004</FONT><BR></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH COLSPAN=13 ALIGN="CENTER"><HR NOSHADE></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="59%" ALIGN="CENTER"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=2>High<BR></FONT>
<BR></TH>
<TH WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=2>Low<BR></FONT>
<BR></TH>
<TH WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=2>High<BR></FONT>
<BR></TH>
<TH WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=2>Low<BR></FONT>
<BR></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH COLSPAN=13 ALIGN="CENTER"><HR NOSHADE></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="59%"><FONT SIZE=2>1st Qtr</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><B>$</B></FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2><B>33.82</B></FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><B>$</B></FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2><B>29.05</B></FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2>37.86</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2>35.00</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="59%"><FONT SIZE=2>2nd Qtr</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><B>$</B></FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2><B>32.30</B></FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><B>$</B></FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2><B>29.25</B></FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2>37.60</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2>32.41</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="59%"><FONT SIZE=2>3rd Qtr</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><B>$</B></FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2><B>32.44</B></FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><B>$</B></FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2><B>29.55</B></FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2>32.60</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2>29.08</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="59%"><FONT SIZE=2>4th Qtr</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><B>$</B></FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2><B>32.05</B></FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><B>$</B></FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2><B>28.93</B></FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2>34.63</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="5%" ALIGN="RIGHT"><FONT SIZE=2>29.24</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2>*NYSE&nbsp;&#151; Closing Price </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="80%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD COLSPAN=2><FONT SIZE=2>Estimated Number of shareholders at March 2006:</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" VALIGN="BOTTOM"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="91%"><FONT SIZE=2>Common Stock</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" VALIGN="BOTTOM"><FONT SIZE=2>18,000</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="91%"><FONT SIZE=2>Class&nbsp;B Common Stock</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%" ALIGN="RIGHT" VALIGN="BOTTOM"><FONT SIZE=2>5,000</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2>DIVIDENDS </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="60%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="33%" ALIGN="CENTER"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=2>2005</FONT><BR></TH>
<TH WIDTH="17%"><FONT SIZE=2>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=2>2004</FONT><BR></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH COLSPAN=7 ALIGN="CENTER"><HR NOSHADE></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="33%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="17%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="33%"><FONT SIZE=2>1st Qtr</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2><B>$</B></FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2><B>.0700</B></FONT></TD>
<TD WIDTH="17%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2>.0661</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="33%"><FONT SIZE=2>2nd Qtr</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2><B>$</B></FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2><B>.0700</B></FONT></TD>
<TD WIDTH="17%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2>.0680</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="33%"><FONT SIZE=2>3rd Qtr</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2><B>$</B></FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2><B>.0700</B></FONT></TD>
<TD WIDTH="17%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2>.0680</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="33%"><FONT SIZE=2>4th Qtr</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2><B>$</B></FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2><B>.0800</B></FONT></TD>
<TD WIDTH="17%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="17%" ALIGN="RIGHT"><FONT SIZE=2>.0680</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->


<P><FONT SIZE=2>NOTE: In addition to the above cash dividends, a 3% stock dividend was issued on April&nbsp;14, 2005 and April&nbsp;14, 2004. Cash dividends are restated to reflect 3%
stock dividends. </FONT></P>

<P ALIGN="RIGHT"><FONT SIZE=2>20</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=20,EFW="2168353",CP="TOOTSIE ROLL INDUSTRIES, INC.",DN="4",CHK=72215,FOLIO='20',FILE='DISK124:[06CHI4.06CHI1224]DY1224A.;11',USER='LCOUTU',CD=';8-MAR-2006;01:26' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P><FONT SIZE=2><A
NAME="page_ea1224_1_21"> </A> </FONT></P>

<!-- TOC_END -->

<P><FONT SIZE=2><A
NAME="ea1224_five_#160;year_#160;summary_#1__fiv01611"> </A>
<A NAME="ea1224_five_year_summary_of_earnings_and_financial_highlights"> </A>
<A NAME="toc_ea1224_1"> </A>
<BR></FONT><FONT SIZE=2><BR></FONT><FONT SIZE=2><B><I>Five Year Summary of Earnings and Financial Highlights    <BR>    </I></B></FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TD WIDTH="44%"><FONT SIZE=1>TOOTSIE ROLL INDUSTRIES, INC. AND SUBSIDIARIES</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="44%"><FONT SIZE=1>&nbsp;&nbsp;</FONT></TD>
<TD WIDTH="5%"><FONT SIZE=1>&nbsp;</FONT></TD>
<TD COLSPAN=9 ALIGN="CENTER" VALIGN="BOTTOM"><FONT SIZE=1>(Thousands of dollars except per share, percentage and ratio figures)</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<HR NOSHADE>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH COLSPAN=4 ROWSPAN=2 ALIGN="LEFT"><FONT SIZE=1>(See Management's Comments starting on page&nbsp;5)</FONT><BR></TH>
<TH WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="LEFT"><FONT SIZE=2>&nbsp;</FONT><BR></TH>
<TH WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TH>
</TR>
<TR VALIGN="BOTTOM">
<TH WIDTH="6%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=2>2005</FONT><HR NOSHADE></TH>
<TH WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=2>2004</FONT><HR NOSHADE></TH>
<TH WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=2>2003</FONT><HR NOSHADE></TH>
<TH WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=2>2002</FONT><HR NOSHADE></TH>
<TH WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TH>
<TH COLSPAN=2 ALIGN="CENTER"><FONT SIZE=2>2001</FONT><HR NOSHADE></TH>
<TH WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=4><FONT SIZE=2><BR>
Sales and Earnings Data (2)</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>Net sales</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><B>$</B></FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2><B>487,739</B></FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>420,110</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>392,656</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>393,185</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>391,755</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>Gross margin</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2><B>188,583</B></FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>175,609</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>170,109</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>170,981</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>173,858</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2> Interest expense</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2><B>2,537</B></FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>912</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>172</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>309</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>356</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2> Provision for income taxes</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2><B>36,425</B></FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>30,514</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>32,933</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>34,300</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>35,100</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>Net earnings</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2><B>77,227</B></FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>64,174</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>65,014</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>66,388</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>65,687</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>% of sales</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2><B>15.8</B></FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2><B>%</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>15.3</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>%</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>16.6</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>%</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>16.9</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>%</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>16.8</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>%</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>% of shareholders' equity</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2><B>12.5</B></FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2><B>%</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>11.3</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>%</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>12.1</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>%</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>12.6</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>%</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>12.9</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>%</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=4><FONT SIZE=2><BR>
Per Common Share Data (1)</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>Net earnings</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><B>$</B></FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2><B>1.44</B></FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>1.19</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>1.19</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>1.18</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>1.16</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>Cash dividends declared</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2><B>.29</B></FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>.27</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>.25</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>.25</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>.25</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>Stock dividends</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2><B>3</B></FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2><B>%</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>3</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>%</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>3</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>%</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>3</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>%</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>3</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>%</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD COLSPAN=4><FONT SIZE=2><BR>
Additional Financial Data (2)</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="8%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="10%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="9%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2> Working capital</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><B>$</B></FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2><B>132,940</B></FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>110,376</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>180,818</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>161,852</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>$</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>188,250</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>Net cash provided by operating activities</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2><B>82,524</B></FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>76,228</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>83,466</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>75,473</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>80,915</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>Net cash provided by (used in) investing activities</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2><B>21,872</B></FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>(164,039</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>(50,383</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>(29,571</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>(19,165</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>Net cash provided by (used in) financing activities</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2><B>(92,379</B></FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>60,716</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>(54,506</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>(46,927</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>(16,100</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>)</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2> Property, plant&nbsp;&amp; equipment additions</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2><B>14,690</B></FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>17,948</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>12,150</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>10,308</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>14,148</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>Net property, plant&nbsp;&amp; equipment</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2><B>178,760</B></FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>178,750</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>129,163</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>128,869</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>132,575</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>Total assets</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2><B>813,695</B></FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>811,753</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>665,297</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>646,080</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>618,676</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2>Long term debt</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2><B>7,500</B></FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>93,167</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>7,500</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>7,500</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>7,500</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2> Shareholders' equity</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2><B>617,405</B></FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>570,179</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>536,581</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>526,740</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>508,461</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="BOTTOM">
<TD WIDTH="2%"><FONT SIZE=0>&nbsp;</FONT></TD>
<TD COLSPAN=3><FONT SIZE=2> Average shares outstanding (1)</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="RIGHT"><FONT SIZE=2><B>53,542</B></FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="10%" ALIGN="RIGHT"><FONT SIZE=2>53,921</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>54,861</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>56,147</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="9%" ALIGN="RIGHT"><FONT SIZE=2>56,540</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<DL compact>
<DT style='margin-bottom:-9pt;'><FONT SIZE=1>(1)</FONT></DT><DD><FONT SIZE=1>Adjusted for annual 3% stock dividends.
<BR><BR></FONT></DD><DT style='margin-bottom:-9pt;'><FONT SIZE=1>(2)</FONT></DT><DD><FONT SIZE=1>Certain
reclassifications have been made to prior year numbers to conform to current year presentation. </FONT></DD></DL>

<P><FONT SIZE=2>21</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=21,EFW="2168353",CP="TOOTSIE ROLL INDUSTRIES, INC.",DN="4",CHK=360579,FOLIO='21',FILE='DISK124:[06CHI4.06CHI1224]EA1224A.;10',USER='MEVANS',CD='12-MAR-2006;18:15' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->

<P><FONT SIZE=2><A
NAME="page_ec1224_1_22"> </A> </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 VALIGN="TOP"><BR><FONT SIZE=4><B><I>Board of Directors<BR> </I></B></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="16%"><FONT SIZE=2><BR>
Melvin J. Gordon<SUP>(1)</SUP></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="83%"><FONT SIZE=2><BR>
Chairman of the Board and<BR>
Chief Executive Officer</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="16%" VALIGN="TOP"><FONT SIZE=2>Ellen R. Gordon<SUP>(1)</SUP></FONT></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="83%" VALIGN="TOP"><FONT SIZE=2>President and Chief Operating Officer</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="16%"><FONT SIZE=2>Barre A. Seibert<SUP>(2)(3)</SUP></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="83%"><FONT SIZE=2>First Vice President,<BR>
Washington Mutual Bank</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="16%"><FONT SIZE=2>Lana Jane Lewis-Brent<SUP>(2)(3)</SUP></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="83%"><FONT SIZE=2>President, Paul Brent Designer, Inc.,<BR>
an art publishing, design and licensing company</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="16%" VALIGN="TOP"><FONT SIZE=2>Richard P. Bergeman<SUP>(2)(3)</SUP></FONT></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="83%" VALIGN="TOP"><FONT SIZE=2>Retired Senior Vice President, Bestfoods</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 VALIGN="TOP"><FONT SIZE=1><SUP>(1)</SUP>Executive Committee&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<SUP>(2)</SUP>Audit Committee&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<SUP>(3)</SUP>Compensation Committee</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 VALIGN="TOP"><BR><FONT SIZE=4><B><I>Officers<BR> </I></B></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="16%"><FONT SIZE=2><BR>
Melvin J. Gordon</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="83%"><FONT SIZE=2><BR>
Chairman of the Board and<BR>
Chief Executive Officer</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="16%" VALIGN="TOP"><FONT SIZE=2>Ellen R. Gordon</FONT></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="83%" VALIGN="TOP"><FONT SIZE=2>President and Chief Operating Officer</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="16%" VALIGN="TOP"><FONT SIZE=2>G. Howard Ember, Jr.</FONT></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="83%" VALIGN="TOP"><FONT SIZE=2>Vice President, Finance &amp; Chief Financial Officer</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="16%" VALIGN="TOP"><FONT SIZE=2>John W. Newlin, Jr.</FONT></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="83%" VALIGN="TOP"><FONT SIZE=2>Vice President, Manufacturing</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="16%" VALIGN="TOP"><FONT SIZE=2>Thomas E. Corr</FONT></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="83%" VALIGN="TOP"><FONT SIZE=2>Vice President, Marketing &amp; Sales</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="16%" VALIGN="TOP"><FONT SIZE=2>John P. Majors</FONT></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="83%" VALIGN="TOP"><FONT SIZE=2>Vice President, Physical Distribution</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="16%" VALIGN="TOP"><FONT SIZE=2>Barry P. Bowen</FONT></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="83%" VALIGN="TOP"><FONT SIZE=2>Treasurer &amp; Asst. Secy.</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD WIDTH="16%" VALIGN="TOP"><FONT SIZE=2>Richard&nbsp;F. Berezewski</FONT></TD>
<TD WIDTH="1%" VALIGN="TOP"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="83%" VALIGN="TOP"><FONT SIZE=2>Controller</FONT></TD>
</TR>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3 VALIGN="TOP"><BR><FONT SIZE=4><B><I>Offices, Plants<BR> </I></B></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="16%"><FONT SIZE=2><BR>
Executive Offices</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="83%"><FONT SIZE=2><BR>
7401 S. Cicero Ave.<BR>
Chicago, Illinois 60629<BR>
www.tootsie.com</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="16%"><FONT SIZE=2>Plants</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="83%"><FONT SIZE=2>Illinois<BR>
Tennessee<BR>
Massachusetts<BR>
Wisconsin<BR>
Concord, Ontario<BR>
Mexico City, Mexico</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="16%"><FONT SIZE=2>Foreign Sales Offices</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="83%"><FONT SIZE=2>Mexico City, Mexico<BR>
Concord, Ontario</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3><BR><FONT SIZE=4><B><I>Subsidiaries<BR> </I></B></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="25%"><FONT SIZE=2><BR>
Andes Candies&nbsp;Inc.<BR>
Andes Manufacturing&nbsp;LLC<BR>
Andes Services&nbsp;LLC<BR>
C.C.L.P.,&nbsp;INC.<BR>
C.G.P.,&nbsp;INC.<BR>
Cambridge Brands Manufacturing,&nbsp;Inc.<BR>
Cambridge Brands Services,&nbsp;Inc.<BR>
Cambridge Brands,&nbsp;Inc.<BR>
Cella's Confections,&nbsp;Inc.<BR>
Charms LLC<BR>
Concord (GP)&nbsp;Inc.<BR>
Concord Brands,&nbsp;Ltd.<BR>
Concord Canada Holdings ULC<BR>
Concord Confections Holdings USA, Inc.<BR>
Concord Confections&nbsp;Ltd.<BR>
Concord Partners&nbsp;LP</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="73%"><FONT SIZE=2><BR>
JT Company,&nbsp;Inc.<BR>
The Sweets Mix Company,&nbsp;Inc.<BR>
Tootsie Roll Company,&nbsp;Inc.<BR>
Tootsie Roll Industries, LLC<BR>
Tootsie Roll Management, Inc<BR>
Tootsie Roll Mfg.,&nbsp;LLC<BR>
Tootsie Roll of Canada&nbsp;Ltd.<BR>
Tootsie Roll Worldwide, Ltd.<BR>
Tootsie Rolls&#151;Latin America<BR>
TRI de Latinoamerica S.A. de C.V.<BR>
TRI Finance,&nbsp;Inc.<BR>
TRI International&nbsp;Inc.<BR>
TRI Sales&nbsp;Co.<BR>
TRI Sales Finance&nbsp;LLC<BR>
TRI-MASS,&nbsp;Inc.<BR>
Tutsi S.A. de C.V.<BR>
World Trade&nbsp;&amp; Marketing&nbsp;Ltd.</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TD COLSPAN=3><BR><FONT SIZE=4><B><I>Other Information<BR> </I></B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%" VALIGN="TOP"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="14%"><FONT SIZE=2><BR>
Stock Exchange</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="76%"><FONT SIZE=2><BR>
New York Stock Exchange, Inc.<BR>
(Since 1922)</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="14%"><FONT SIZE=2><BR>
Stock Identification</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="76%"><FONT SIZE=2><BR>
Ticker Symbol: TR<BR>
CUSIP No. 890516 10-7</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="14%"><FONT SIZE=2><BR>
Stock Transfer Agent<BR>
and Stock Registrar</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="76%"><FONT SIZE=2><BR>
Mellon Investor Services<BR>
Newport Office Center VII<BR>
480 Washington Boulevard<BR>
Jersey City, NJ 07310<BR>
1-800-710-0932<BR>
www.melloninvestor.com</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="14%"><FONT SIZE=2><BR>
Independent<BR>
Accountants</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="76%"><FONT SIZE=2><BR>
PricewaterhouseCoopers LLP<BR>
One North Wacker<BR>
Chicago, IL 60606</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="14%"><FONT SIZE=2><BR>
General Counsel</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="76%"><FONT SIZE=2><BR>
Becker Ross, LLP<BR>
317 Madison Avenue<BR>
New York, NY 10017</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="14%"><FONT SIZE=2><BR>
Annual Meeting</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="76%"><FONT SIZE=2><BR>
May&nbsp;1, 2006<BR>
Mutual Building, Room 1200<BR>
909 East Main Street<BR>
Richmond, VA 23219</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="6%"><BR><FONT SIZE=2><B>
<IMG SRC="g522265.jpg" ALT="LOGO" WIDTH="67" HEIGHT="75">
 </B></FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="100%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="82%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%" ALIGN="CENTER"><FONT SIZE=2><B>
<IMG SRC="g104674.jpg" ALT="RECYCLE" WIDTH="16" HEIGHT="18">
 </B></FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="15%"><FONT SIZE=1>Printed&nbsp;on&nbsp;recycled&nbsp;paper.</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<P ALIGN="RIGHT"><FONT SIZE=2>22</FONT></P>

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=22,EFW="2168353",CP="TOOTSIE ROLL INDUSTRIES, INC.",DN="4",CHK=801422,FOLIO='22',FILE='DISK124:[06CHI4.06CHI1224]EC1224A.;10',USER='SLYUBOM',CD='13-MAR-2006;18:02' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<BR>
<P><br><A NAME="06CHI1344_4">QuickLinks</A><br></P><!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_dg1224_1">To Our Shareholders</A></FONT><BR>
<!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_dm1224_1">Management&#146;s&#160;Discussion&#160;and&#160;Analysis&#160;of&#160;Financial&#160;Condition&#160;and&#160;Results&#160;of&#160;Operations</A></FONT><BR>
<!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_dq1224_1">Consolidated&#160;Statement&#160;of&#160;Earnings&#44;&#160;Comprehensive&#160;Earnings&#160;and&#160;Retained&#160;Earnings</A></FONT><BR>
<!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_ds1224_1">Consolidated&#160;Statement&#160;of&#160;Financial&#160;Position</A></FONT><BR>

<!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_du1224_1">Consolidated&#160;Statement&#160;of&#160;Cash&#160;Flows</A></FONT><BR>

<!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_dw1224_1">Notes&#160;to&#160;Consolidated&#160;Financial&#160;Statements</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_dw1224_2">Management's Report on Internal Control Over Financial Reporting</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_dw1224_3">Required Certifications</A></FONT><BR>
<FONT SIZE=2><A HREF="#toc_dw1224_4">Report of Independent Registered Public Accounting Firm</A></FONT><BR>
<!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_dy1224_1">Quarterly&#160;Financial&#160;Data&#160;(Unaudited)</A></FONT><BR>
<!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_ea1224_1">Five&#160;Year&#160;Summary&#160;of&#160;Earnings&#160;and&#160;Financial&#160;Highlights</A></FONT><BR>
<!-- SEQ=,FILE='QUICKLINK',USER=SLYUBOM,SEQ=,EFW="2168353",CP="TOOTSIE ROLL INDUSTRIES, INC.",DN="4" -->
<!-- TOCEXISTFLAG -->
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-21
<SEQUENCE>5
<FILENAME>a2168353zex-21.htm
<DESCRIPTION>EXHIBIT 21
<TEXT>
<HTML>
<HEAD>
</HEAD>
<BODY BGCOLOR="#FFFFFF" LINK=BLUE  VLINK=PURPLE>
<BR>
<FONT SIZE=3 ><A HREF="#06CHI1344_5">QuickLinks</A></FONT>
<font size=3> -- Click here to rapidly navigate through this document</font>
<!-- TOC_END -->
<P ALIGN="RIGHT"><FONT SIZE=2><A
NAME="kg1344_exhibit_21"> </A>
<A NAME="toc_kg1344_1"> </A>
<BR></FONT><FONT SIZE=2><B>EXHIBIT 21    <BR>    </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="kg1344_list_of_subsidiaries_of_the_company"> </A>
<A NAME="toc_kg1344_2"> </A>
<BR></FONT><FONT SIZE=2><B>LIST OF SUBSIDIARIES OF THE COMPANY    <BR>    </B></FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="76%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="BOTTOM">
<TH WIDTH="49%" ALIGN="LEFT"><FONT SIZE=1><B>NAME<BR> </B></FONT><HR NOSHADE></TH>
<TH WIDTH="3%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="49%" ALIGN="CENTER"><FONT SIZE=1><B>JURISDICTION OF INCORPORATION</B></FONT><HR NOSHADE></TH>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>Andes Candies,&nbsp;Inc.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>Illinois</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>Andes Manufacturing LLC</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>Illinois</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>Andes Services LLC</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>Illinois</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>C. C. L. P.,&nbsp;Inc.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>Delaware</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>C. G. C. L. P.,&nbsp;Inc.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>Delaware</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>C. G. P.,&nbsp;Inc.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>Delaware</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>Cambridge Brands,&nbsp;Inc.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>Delaware</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>Cambridge Brands Manufacturing.,&nbsp;Inc.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>Delaware</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>Cambridge Brands Services,&nbsp;Inc.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>Delaware</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>Candy Realty,&nbsp;Inc.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>New Jersey</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>Cella's Confections,&nbsp;Inc.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>Virginia</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>Charms LLC</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>Illinois</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>Concord (GP)&nbsp;Inc.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>Ontario</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>Concord Brands,&nbsp;Ltd</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>Alberta</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>Concord Canada Holdings ULC</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>Nova Scotia</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>Concord Confections Holdings USA,&nbsp;Inc.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>Delaware</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>Concord Confections&nbsp;Ltd.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>Ontario</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>Concord Partners LP</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>Ontario</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>Concord Wax,&nbsp;Inc.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>Delaware</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>General Magnetics,&nbsp;Inc.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>New Jersey</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>Henry Eisen Advertising Agency,&nbsp;Inc.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>New Jersey</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>Impel Movie Line, Inc</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>Delaware</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>J. T. Company,&nbsp;Inc.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>Delaware</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>O'Tec Industries,&nbsp;Inc.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>Delaware</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>Sweets Company of New York,&nbsp;Inc.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>New York</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>Tootsie Roll Industries LLC</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>Delaware</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>Tootsie Roll of Canada&nbsp;Ltd.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>Ontario</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>Tootsie Roll Central Europe&nbsp;Ltd.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>Delaware</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>The Tootsie Roll Company,&nbsp;Inc.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>Illinois</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>Tootsie Roll Management,&nbsp;Inc.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>Illinois</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>Tootsie Roll Manufacturing., LLC</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>Illinois</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>Tootsie Rolls&#151;Latin America,&nbsp;Inc.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>Delaware</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>Tootsie Roll Worldwide&nbsp;Ltd.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>Illinois</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>The Sweets Mix Company,&nbsp;Inc.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>Illinois</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>TRI de Latino America S.A. de C.V.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>Mexico</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>TRI Finance,&nbsp;Inc.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>Delaware</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>TRI International Co.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>Illinois</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>TRI-MASS.,&nbsp;Inc.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>Massachusetts</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>TRI Sales Co.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>Delaware</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>TRI Sales Finance LLC</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>Delaware</FONT></TD>
</TR>
<TR BGCOLOR="#CCEEFF" VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>Tutsi S. A. de C. V.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>Mexico</FONT></TD>
</TR>
<TR BGCOLOR="White" VALIGN="TOP">
<TD WIDTH="49%"><FONT SIZE=2>World Trade&nbsp;&amp; Marketing&nbsp;Ltd.</FONT></TD>
<TD WIDTH="3%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="49%"><FONT SIZE=2>British West Indies</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=1,EFW="2168353",CP="TOOTSIE ROLL INDUSTRIES, INC.",DN="5",CHK=200849,FOLIO='blank',FILE='DISK129:[06CHI4.06CHI1344]KG1344A.;3',USER='EYOUNG',CD='13-MAR-2006;17:30' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<BR>
<P><br><A NAME="06CHI1344_5">QuickLinks</A><br></P><!-- TOC_BEGIN -->
<UL>
<FONT SIZE=2><A HREF="#toc_kg1344_1">EXHIBIT 21</A></FONT><BR>
</UL>
<FONT SIZE=2><A HREF="#toc_kg1344_2">LIST OF SUBSIDIARIES OF THE COMPANY</A></FONT><BR>
<!-- SEQ=,FILE='QUICKLINK',USER=SLYUBOM,SEQ=,EFW="2168353",CP="TOOTSIE ROLL INDUSTRIES, INC.",DN="5" -->
<!-- TOCEXISTFLAG -->
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-31.1
<SEQUENCE>6
<FILENAME>a2168353zex-31_1.htm
<DESCRIPTION>EXHIBIT 31.1
<TEXT>
<HTML>
<HEAD>
</HEAD>
<BODY BGCOLOR="#FFFFFF" LINK=BLUE  VLINK=PURPLE>
<BR>
<FONT SIZE=3 ><A HREF="#06CHI1344_6">QuickLinks</A></FONT>
<font size=3> -- Click here to rapidly navigate through this document</font>
<!-- TOC_END -->
<P ALIGN="RIGHT"><FONT SIZE=2><A
NAME="ki1344_exhibit_31.1"> </A>
<A NAME="toc_ki1344_1"> </A>
<BR></FONT><FONT SIZE=2><B>Exhibit&nbsp;31.1    <BR>    </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="ki1344_certifications"> </A>
<A NAME="toc_ki1344_2"> </A>
<BR></FONT><FONT SIZE=2><B>CERTIFICATIONS    <BR>    </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I, Melvin J. Gordon, Chairman and Chief Executive Officer of Tootsie Roll Industries,&nbsp;Inc., certify that: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>1.</FONT></DT><DD><FONT SIZE=2>I
have reviewed this annual report on Form&nbsp;10-K of Tootsie Roll Industries,&nbsp;Inc.;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>2.</FONT></DT><DD><FONT SIZE=2>Based
on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the
circumstances under which such statements were made, not misleading with respect to the period covered by this report;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>3.</FONT></DT><DD><FONT SIZE=2>Based
on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of
operations and cash flows of the registrant as of, and for, the periods presented in this report;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>4.</FONT></DT><DD><FONT SIZE=2>The
registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act
Rules&nbsp;13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules&nbsp;13a-15(f) and 15d-15(f))
for the registrant and have:
<BR><BR></FONT>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(a)</FONT></DT><DD><FONT SIZE=2>Designed
such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating
to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(b)</FONT></DT><DD><FONT SIZE=2>Designed
such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance
regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(c)</FONT></DT><DD><FONT SIZE=2>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 the end of the period covered by this report based on such evaluation; and
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(d)</FONT></DT><DD><FONT SIZE=2>Disclosed
in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's
fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
<BR><BR></FONT></DD></DL>
</DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>5.</FONT></DT><DD><FONT SIZE=2>The
registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and
the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
<BR><BR></FONT>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(a)</FONT></DT><DD><FONT SIZE=2>All
significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the
registrant's ability to record, process, summarize and report financial information; and
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(b)</FONT></DT><DD><FONT SIZE=2>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></DD></DL>
</DD></DL>
</UL>

<P><FONT SIZE=2>Date:
March&nbsp;14, 2006 </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="82%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="45%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>By:</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="45%"><FONT SIZE=2>/s/ Melvin J. Gordon</FONT><HR NOSHADE><FONT SIZE=2> Melvin J. Gordon<BR></FONT> <FONT SIZE=2><B>Chairman and Chief Executive Officer</B></FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=1,EFW="2168353",CP="TOOTSIE ROLL INDUSTRIES, INC.",DN="6",CHK=990441,FOLIO='blank',FILE='DISK129:[06CHI4.06CHI1344]KI1344A.;7',USER='EYOUNG',CD='13-MAR-2006;17:30' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<BR>
<P><br><A NAME="06CHI1344_6">QuickLinks</A><br></P><!-- TOC_BEGIN -->
<UL>
<FONT SIZE=2><A HREF="#toc_ki1344_1">Exhibit 31.1</A></FONT><BR>
</UL>
<FONT SIZE=2><A HREF="#toc_ki1344_2">CERTIFICATIONS</A></FONT><BR>
<!-- SEQ=,FILE='QUICKLINK',USER=SLYUBOM,SEQ=,EFW="2168353",CP="TOOTSIE ROLL INDUSTRIES, INC.",DN="6" -->
<!-- TOCEXISTFLAG -->
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-31.2
<SEQUENCE>7
<FILENAME>a2168353zex-31_2.htm
<DESCRIPTION>EXHIBIT 31.2
<TEXT>
<HTML>
<HEAD>
</HEAD>
<BODY BGCOLOR="#FFFFFF" LINK=BLUE  VLINK=PURPLE>
<BR>
<FONT SIZE=3 ><A HREF="#06CHI1344_7">QuickLinks</A></FONT>
<font size=3> -- Click here to rapidly navigate through this document</font>
<!-- TOC_END -->
<P ALIGN="RIGHT"><FONT SIZE=2><A
NAME="kk1344_exhibit_31.2"> </A>
<A NAME="toc_kk1344_1"> </A>
<BR></FONT><FONT SIZE=2><B>Exhibit&nbsp;31.2    <BR>    </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="kk1344_certifications"> </A>
<A NAME="toc_kk1344_2"> </A>
<BR></FONT><FONT SIZE=2><B>CERTIFICATIONS    <BR>    </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I, G. Howard Ember, Jr., Vice President/Finance and Chief Financial Officer of Tootsie Roll Industries,&nbsp;Inc., certify that: </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>1.</FONT></DT><DD><FONT SIZE=2>I
have reviewed this annual report on Form&nbsp;10-K of Tootsie Roll Industries,&nbsp;Inc.;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>2.</FONT></DT><DD><FONT SIZE=2>Based
on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the
circumstances under which such statements were made, not misleading with respect to the period covered by this report;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>3.</FONT></DT><DD><FONT SIZE=2>Based
on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of
operations and cash flows of the registrant as of, and for, the periods presented in this report;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>4.</FONT></DT><DD><FONT SIZE=2>The
registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act
Rules&nbsp;13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules&nbsp;13a-15(f) and 15d-15(f))
for the registrant and have:
<BR><BR></FONT>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(a)</FONT></DT><DD><FONT SIZE=2>Designed
such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating
to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(b)</FONT></DT><DD><FONT SIZE=2>Designed
such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance
regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(c)</FONT></DT><DD><FONT SIZE=2>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 the end of the period covered by this report based on such evaluation; and
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(d)</FONT></DT><DD><FONT SIZE=2>Disclosed
in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's
fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
<BR><BR></FONT></DD></DL>
</DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>5.</FONT></DT><DD><FONT SIZE=2>The
registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and
the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
<BR><BR></FONT>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(a)</FONT></DT><DD><FONT SIZE=2>All
significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the
registrant's ability to record, process, summarize and report financial information; and
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2>(b)</FONT></DT><DD><FONT SIZE=2>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></DD></DL>
</DD></DL>
</UL>

<P><FONT SIZE=2>Date:
March&nbsp;14, 2006 </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="82%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="45%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2>By:</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="45%"><FONT SIZE=2>/s/ G. Howard Ember, Jr.</FONT><HR NOSHADE><FONT SIZE=2> G. Howard Ember, Jr.<BR>
Vice President/Finance and Chief Financial Officer</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=1,EFW="2168353",CP="TOOTSIE ROLL INDUSTRIES, INC.",DN="7",CHK=665348,FOLIO='blank',FILE='DISK129:[06CHI4.06CHI1344]KK1344A.;6',USER='EYOUNG',CD='13-MAR-2006;17:30' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<BR>
<P><br><A NAME="06CHI1344_7">QuickLinks</A><br></P><!-- TOC_BEGIN -->
<UL>
<FONT SIZE=2><A HREF="#toc_kk1344_1">Exhibit 31.2</A></FONT><BR>
</UL>
<FONT SIZE=2><A HREF="#toc_kk1344_2">CERTIFICATIONS</A></FONT><BR>
<!-- SEQ=,FILE='QUICKLINK',USER=SLYUBOM,SEQ=,EFW="2168353",CP="TOOTSIE ROLL INDUSTRIES, INC.",DN="7" -->
<!-- TOCEXISTFLAG -->
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-32
<SEQUENCE>8
<FILENAME>a2168353zex-32.htm
<DESCRIPTION>EXHIBIT 32
<TEXT>
<HTML>
<HEAD>
</HEAD>
<BODY BGCOLOR="#FFFFFF" LINK=BLUE  VLINK=PURPLE>
<BR>
<FONT SIZE=3 ><A HREF="#06CHI1344_8">QuickLinks</A></FONT>
<font size=3> -- Click here to rapidly navigate through this document</font>
<!-- TOC_END -->
<P ALIGN="RIGHT"><FONT SIZE=2><A
NAME="km1344_exhibit_32"> </A>
<A NAME="toc_km1344_1"> </A>
<BR></FONT><FONT SIZE=2><B>Exhibit&nbsp;32    <BR>    </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="km1344_certificate_pursuant_to_18_u.s__cer03724"> </A>
<A NAME="toc_km1344_2"> </A>
<BR></FONT><FONT SIZE=2><B>Certificate Pursuant to 18 U.S.C. Section&nbsp;1350, as Adopted<BR>  Pursuant to Section&nbsp;906 of the Sarbanes-Oxley Act of 2002    <BR>    </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each of the undersigned officers of Tootsie Roll Industries,&nbsp;Inc. certifies that (i)&nbsp;the Annual Report on Form&nbsp;10-K of Tootsie
Roll Industries,&nbsp;Inc. for the year ended December&nbsp;31, 2005 (the Form&nbsp;10-K) fully complies with the requirements of Section&nbsp;13(a) or 15(d) of the Securities
Exchange Act of 1934, as amended and (ii)&nbsp;the information contained in the Form&nbsp;10-K fairly presents, in all material respects, the financial condition and results of
operations of Tootsie Roll Industries,&nbsp;Inc. </FONT></P>

<!-- User-specified TAGGED TABLE -->
<TABLE WIDTH="82%" BORDER=0 CELLSPACING=0 CELLPADDING=0>
<TR VALIGN="TOP">
<TD WIDTH="7%"><FONT SIZE=2>Dated:</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%"><FONT SIZE=2>March&nbsp;14, 2006</FONT><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="19%"><FONT
SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2>/s/ Melvin J. Gordon</FONT><HR NOSHADE><FONT SIZE=2> Melvin J. Gordon<BR>
Chairman and Chief<BR>
Executive Officer</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="7%"><FONT SIZE=2><BR>
Dated:</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="19%"><FONT SIZE=2><BR>
March&nbsp;14, 2006</FONT><HR NOSHADE></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="19%"><FONT SIZE=2><BR>
&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="47%"><FONT SIZE=2><BR>
/s/ G. Howard Ember, Jr.</FONT><HR NOSHADE><FONT SIZE=2> G. Howard Ember, Jr.<BR>
Vice President/Finance and<BR>
Chief Financial Officer</FONT></TD>
</TR>
</TABLE>
<!-- end of user-specified TAGGED TABLE -->

<HR NOSHADE>
<P style='page-break-before:always'></p>
<!-- ZEQ.=1,SEQ=1,EFW="2168353",CP="TOOTSIE ROLL INDUSTRIES, INC.",DN="8",CHK=360984,FOLIO='blank',FILE='DISK129:[06CHI4.06CHI1344]KM1344A.;6',USER='EYOUNG',CD='13-MAR-2006;17:30' -->
<!-- THIS IS THE END OF A COMPOSITION COMPONENT -->
<BR>
<P><br><A NAME="06CHI1344_8">QuickLinks</A><br></P><!-- TOC_BEGIN -->
<UL>
<FONT SIZE=2><A HREF="#toc_km1344_1">Exhibit 32</A></FONT><BR>
</UL>
<FONT SIZE=2><A HREF="#toc_km1344_2">Certificate Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002</A></FONT><BR>

<!-- SEQ=,FILE='QUICKLINK',USER=SLYUBOM,SEQ=,EFW="2168353",CP="TOOTSIE ROLL INDUSTRIES, INC.",DN="8" -->
<!-- TOCEXISTFLAG -->
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>9
<FILENAME>g947780.jpg
<DESCRIPTION>G947780.JPG
<TEXT>
begin 644 g947780.jpg
M_]C_X``02D9)1@`!`0$!L`&P``#__@`^35),3%]'4D%02$E#4SI;5$]/5%-)
M15]23TQ,74-(04E234%.7T%.1%]04D53241%3E1?4$A/5$\N15!3_]L`0P`'
M!08&!@4'!@8&"`@'"0L2#`L*"@L7$!$-$AL7'!P:%QH9'2$J)!T?*"`9&B4R
M)2@L+2\P+QTC-#@T+C<J+B\N_]L`0P$("`@+"@L6#`P6+AX:'BXN+BXN+BXN
M+BXN+BXN+BXN+BXN+BXN+BXN+BXN+BXN+BXN+BXN+BXN+BXN+BXN+BXN_\``
M$0@!J@)G`P$B``(1`0,1`?_$`!P````'`0$````````````````!`@,$!08'
M"/_$`%80``$#`@0#!`<%!`4(!@@'``$"`Q$`!`42(3$&05$3(F%Q!Q0R@9&A
MT14C0K'!%C-2E"168N'P-D-3<H*2HO$F1F-TD[(T-41458/"TB5%9'.$H^+_
MQ``6`0$!`0```````````````````0+_Q``;$0$!`0$!`0$!````````````
M`1$203$"(?_:``P#`0`"$0,1`#\`Y'^VO%_]:<7_`)M?UH#C7C`;\4XM_-+^
MM9CM/=0+A.@FM,-3^VO%Y_ZTXO\`S:_K1CC7B_\`K1BW\TOZUEL^I$T,_4F@
MU'[:\7_UHQ?^;7]:5^VO%VW[48O_`#2_K65S2*`5SFI@U7[:\7?UHQ;^;7]:
M+]M^+?ZT8O\`S:_K66S;SI'6@2=ZHU(XWXM_K/BW\VKZT!QQQ=_6?%OYI7UK
M+S12>E%:G]N.+?ZS8M_-+^M`<<<6S_E/BW\TOZUEI\:$[&@U/[<<7<^)\6_F
ME_6@>..+OZSXM_-+^M9<:T-30:<\<\7_`-9L6_FE?6B_;CB_^L^+?S:OK69V
M-#:B-*>-^,.7%&+?S2_K3[/&?%Q3)XGQ8_\`\I7UK*"I]NV2R#4JSZTB>,>+
M?ZS8M_-+^M0W>->+PM4<3XN`#_[TOZU%2UW4S52]/:*\Z0J]_;;C#^M&+Q_W
MM?UH?MOQ@/\`K1BT?][7]:SA-)FJC2GC?BX^SQ/BX\[M7UH#C?C#GQ1BW\VO
MZUFB>5#>@TO[;\8:?]*,6_FE_6B_;?C#^M&+_P`TKZUFY^-#7G0:7]M^,/ZT
MXM_-+^M#]M^,/ZT8M_-+^M9H=8H<_.@THXVXP_K1BWONE_6@KC;C#7_I1B_\
MTOZU1V5K<7URW:VC*WGW#"&T"5*/@*NU<&\3I(G`K^8!_=$T`_;7C#^M.+_S
M:_K0_;;C#^M&+_S:_K0_8SB?_P"!7W_@FE'@OBF-<#O1R_=U#"?VVXP!_P`J
M,7_FE_6B_;;C`?\`6C%_YM?UIS]B>*/_`()=C6/9'UI?["\5[C`[K:=A]:']
M,?MKQA'^5&+_`,VOZTH<:\83_E1B_P#-J^M!7!G$\ZX'>_\`ATVYPCQ&WF*\
M%O4A*2I1+1@`:DS5"SQKQC_6C%_YM?UH?MIQA'^5.+_S:_K5A@O!;F*8=;W_
M`-HMM)>3F".R)(U(Z^%6B?1TW^+%3[F/[ZFKE9P<:<8_UIQ?^:7]:6.-.+]O
MVHQ?^;7]:T;G`6%VI_IN.*:.^4MC-\-34E/`F"]EVHOKMQO25!(3&L3JFAE9
M,<:<8?UHQ?\`FU_6@>-.,)TXHQ?^:7]:VR.`L$2>\Y>*CJX/I4A/`_#R="P^
MKS?/Z4,K`_MGQARXHQ?^;7]:/]L^,/ZSXO\`S2_K70AP?PXC7[/*O]9Y9_6G
M!PU@*=$X5;_[0*OUH97.!QGQA/\`E1B\_P#>E?6E?MGQA_6C%_YM?UJ/Q!9L
MLXM=LVZ`A`=*4)3H$B=*[!C/#V$V>%)[+#[5+O:--A083,E0!Y4,<G_;/C`Z
M#BC%_P";5]:-7%_&:8S<38P)V_I2_K6EQ!*;7BF^M[1BU2RFZ6$-EI`2`/$C
M0:59XACCJU6PO,,PETI3"2FV:)@=830QA?VQXR,QQ/B\_P#>E_6DGC/C$:'B
MC%_YM?UKH%C?.H=2NTP;#TAR0%"S;5O_`+--OVK#SO:/V-J5D$0EH)\]DTTQ
M@OVSXQ,_]*<6\_6U_6A^V?&,3^T^+_S:_K6T788<0`FPMBG0@>[RI8L6!;E"
M['"VV5&0IQE,[;C2=N5-,8G]L^,?ZSXO_-K^M)/&?&/]:,7\_6U_6MMA^&X&
M_A%RIJQ8>=3=,,]LIH#11U`'UI?I!P#"<.P%3]EA[+3WK"$!2$P8[TCY4,K#
M?MKQA_6G%_YM?UHOVUXQG_*G%_YM?UJA4(.VE%&FU$:#]M.,#_UIQ?W7:_K0
M_;7C`'_*C%OYM?UK/009WHXUZT&@/&G&`_ZT8N>O]+7]:!XUXPY<4XO_`#:_
MK6?B#M0B.OE0UH!QKQAI_P!*,7_FU_6A^VO&(_ZSXO\`S:_K6?B=*$51H/VT
MXP_K3B_\VOZT7[:\81_E1B_\VOZU00?"?&C*=MOC4%\.->,/ZT8O_-K^M%^V
MO&/]:<7_`)M?UJBRSS$>=#LU'EI5%]^VG&$?Y48O_-K^M%^VO&']:<7_`)M?
MUJE%NZK4-+/N-*%G<*.ENZ?)!^E!<?MKQB?^M.+_`,VOZTG]M>,9_P`J<7_F
MU_6JU.&WY.EE<'R95]*<3@F*K]G#;L^3"OI03_VUXQC_`"IQ?^;7]:'[:\8Q
M_E3B_P#-K^M14\.8XOV<)OC_`/(5]*:OL#Q:PM_6;RQ>89S!.9Q,:G8?*@US
M7%G%?8H)XDQ4D@3_`$I7UINXXNXK#D#B3%0,LZ72OK5:@0VD>`J)=?O=?X1^
MM9;6CO&/%H:61Q-BV@_]Z5]:K?VUXQ_K3B_\VOZU$?\`W*_*JD^%6,U?_MKQ
MCF_RIQ?^;7]:%9[G0JAD=:%%0HH^<T9WCG2:%`LGI0"N5)H]]=J`RH#:C!U'
ME29]]#;RHA:5#8#XT)G:D`<S1].M`HD?WT`9/4TF/#E2@`!0"1\Z.<O,^%%'
MF=.='!F8H!RUHP0=J$4(/*@$[>-7EJ@>K(\JHXZ`5H&4Y6D`<@*E6)``$#<1
M5`[HXH^-:*!!/05GGAWR>M(GZ,*D$TD]*4:3X;U4#3W46PT^='2=?=11G72@
M.5#6A,;:T!S'*9H47P\*,4&P]%C(=XVP^1[`=<U\$&O0PRI$DP*X-Z'FPOC!
M*B/8M7E?(#]:[%?W:TW08.9#<I[Z=2!J"?<8^-2K%TE2%Z!4TI(SPI1DD:UE
MV5W(=;<>4K.%I.<&!ERP1'G6EM5YV4+ZI!^513A0-(`$5%Q&Y:L[1Z[='<0)
MA.Y/(#WU*=64-J6$J5E!.5(DGRK/\49[SA]3MNVLY'4J6F-0$DA6G@?RH*FZ
MQC%F0U=./-(0X9#(2#I^=7%Y>-7>`7%VT(2NW4K+S28VK#E:KMUII*E+CE-7
MY;5;8!B*M>S3;D2>9)_OH*;`V7C@]B$P$AL$:[R9J=BUXK#[5#Q0I:ER$I0K
M*9`!)GH)^,4>#HR859)Z,(_*H_$#1<79!2DA*DJ0DJ5E`4<WZA-!&?NRV'%7
M+EI;*<E*FTD*4A"B0KO'<Y5=#X57+NG[OL<EW<O-H"B%*&4$@SL-#`_.G&;?
M"V5H+CENN[4&T*`^\@D#O>(!B8I]UU#8#BL,7D8<&27>RG>5`">[/(T&BLKH
M7MDS=\W4][2.\-#]??1W+Z64_P!HZ)%5C5PNTP:WSPE^X+KP"?PA1D1/@!5&
MS?7*[Q+2[AUY2B0C,05#X4&GM;SMEEM8`7N(!@CWU+B:JL-MWR_ZP]F`2"`%
M:$U<MIE:8`.NQH.0XTGM>(74`;W0`]ZQ7=,=2DBS9(!*\092)V]HFN*]F'^+
M+9ODY>H'_P#8*[3C:2<0P1'\6(@_!*C0<<Q]2CCF(K4/:N7#K_K&HS+^01D;
M5_K)FG<3>%P^Z\22LN+Y<LQJ#,T%[A^.7-F4AM#.0&<I;TJT3Q5[1<P^W4I1
MWB)K*-)<7^[;*O(4M3+R4RMI8'E06]]Q"]<(*$6]JT@[A#0_.J-YY;BBI1DF
MI.'V%SB3_JUHWG=RE9!4$@)&Y).V],7MG<6:TIN&R@JDI,R%`&)!YB1O0:KA
M=).!)G=W%V1\$U;>D\Q@#(_BNT?^5=0N$T#['P@?Z3%UJ_W4"GO2NO)@MB(U
M5<D_!!^M!R&X;&8Y?E326E*.B">6@FNN6;3+=DV.P/K!(DI`U3`TVWIYMI':
M!*VGH`)RA4';0Z1&M&>7(SA]ZDD*M+A)`!(+2M)VY4D6=T05"V=(&YR'2NPM
M*O\`5-U>O);B5A2]50.5-)8?-TIFW*EK5($'VA_RJZ<N1>JW`)'8N3/\)I2+
M.Z<7E0PZI70()-=ZPVWO;=Q-O<M--I,974@*2C7O%4:[3MSBA]O7MFMQU"?5
M"H%+7W14Y!TTY3'/E.E0Y<#-L^DPIESWI-&+2Y,Y6'#ST2:[G8>M8M<MMWHN
MG+!#F5\LE*2D=).D_+SJ9B",/[EJBR7AMDP%2A+F=Z\$@R7.8$<ARTGE=.7.
MO1=A[3M]B1O;-#J4LH"0\T%`',9B1O72T8=AJ/9PVR3Y6Z/I2+*[8NG,EJWD
M99;A*<@2!)G_`!-32F-=A4:,"UM$F4V=LGR90/TIU"4(]EMM/D@#]*,`*$C4
M&@2->5`L.J&QCRI7;N1[:A[Z8*D_Q#PUILO-`2741_K4$DOK_C5\:;+JU0,Q
M^--I4A:<R%!0Z@S25F!XT#;[AZFL/Z0SFP=H'F\/R-;1X':L5Z0__5;(_P"V
M'Y&@R&FE1[DRXH]`*DD$5%=_>J]WY4$=X?=+TY56=DLZH0I0Z@597`AI?E4W
M!9%D#&ZC59]4*;2Y7JFW=,<P@T*UX5(H4U<83(KH:&0UW]GA?`6X4G"K8=)3
M/YU*5AN'V[15;V-LVKJEE.GRIICSMD,P!2DLNJV0H^ZNB\:VUXK';E5HG[HJ
M2@)0!JK*!$#QJWL>#[Q^Q4IR[%LX4C(A"93[SSUZ?.FCE/J=V?\`V=S03JDC
M2F4M.*V03[JW]Y;9;9U3P=-PG12BK0=Y2"(C;NG6D\/:"V[NA5M'C33&)197
M3@)1;NJ'4()%26<%Q!XF+=0@2<VD"NNXFRMO#EKG*E<`"8\?RJ+AN&H[&TN&
MW%)?=)6YF,I[,*4DB(YA*A33'.6^'7R@K<?92D"3$DU8WG"*;!;J7[TK4V0%
M!MOG`,:GQ^5=<X'X>PHXH76$%:$`E";EO,N(Y;B?,50<7"WN<=?1AY4LMYU+
M*&@$J6#F4@D;J`GX4TQS3&,`.'E*?O4.`PMMX#,D^ZMAP5Z.+;B/!4X@]BCE
MLM;RVDH2QG'=C6<PZT.)2B]_IEL$I+RUNCM#JE)60/,["NO^B2T;'!-BXD*E
M;KRSF&H.<B/E4TQAV_0I;$=_''9\+<#_`.JI`]"F&A$G%[Q:O!I`KM*;;.$J
M$I/0U(2R)RP9B?"ACB[?H7P)*H5B-^H]`$#]*E)]#G#*0)<Q!9\7@/R377Q:
M("BH#4TE310WF4D%0WBBXY$KT3<*M-E:[>],?A5<D3\!7%=)A`TS&/*=*]<8
MP`W8O.=&EJ^"2:\B,F>S'6#02U_NW#`]DUG;D=\5HW$C(O70BJ:\:3UI$JN(
MTI,2:6M,<ZVOH\L<#>=?NL:0AU+:TI;0LDA1B3W1OR\*TS&.M[.YN596&''%
M=$)*ORJT:X7X@=U1@]^J>ENOZ5Z>P#B+![!A#6'X3<!(1*>PMDMB*O!QFXH2
MC!\0(\5I%36L>1G.%.(D"58+B`'C;+^E0G\'Q-B>VP^Z;C?,RH?I7L-SBY\_
M_D]^/_F)JONN)2XD]IAM^`>L*_6FF/'RVU(,+3E/0Z403X5ZAO<4PIX$7.'*
M4#R=M4JK-8A8\&WA(7AU@A1_[(M'XB*:8QGH2:*N)KM?\%DKYK2*ZKC-E=!S
MMV4$\TJ`V)W'A5=P'@6#6&*W=UA22"M@(4`]G3&8'3IJ*Z.TV`)J$8&RPV]N
MWAVF;(#[<$`#I5ZAUEE*4J6``D:<ZGXDXY<V[S5IF*RDA.4P2:R&(/8;AY0N
M[MKL`G*$+>RYCT`DDT5<W%^RXVIFWNVVWU0`5&"!SCQIA^WNF4EVR?;""@`L
MP5))``W_`%\:RM_C6&N-M(:9:M4M.EPA)4I8@0<PB1ON:L,-Q8-O!*'4+V)1
MFG0[:4%BQ:V;:'EW*"'&HSZ1F4=@(W/ZTSQ:XEGA.]<+9:'9`E!B4[:5;JMU
MW+J;NV6(4GNJ6`0R=B0.:B(WV^59OT@,-V7!6))05G-"EK6K,I2B1J3\*!BP
M3%C:@:#L4?\`E%)Q+#F\3M`PK)VK:L[2EC22((/0'3W@5/LK<BUMQ&S2!_PB
MIR+<<Q0<_:PN[M;ME-S:/)0EQ)4`V52)UB-#5VQD%I<)9M5O=NXMO.XV4H">
MG6M@VA2$PE:@.@)%1[ZW=-JKU<CM0<P`Y]??09+&;%>*L"WEIMY'[LA6A.@R
MGH-!1\/<+O6-\+B\">V;5E0E!D#D35G8V]U?7B,V;(E:5*)$:36L#6:]F-WO
M_JH*%QE7:*/]H_G1(;(<!.P!.HGE5L6M9C4T@M90HP-B-?*@X]PZSZQQQA2=
MYOD?)4UV[&K<#&N'T\NW=</^RT:XSZ/OZ1Z1<*94-KQ1T_LI4?TKN/$:<F+X
M:O\`T5I>._!N@\XD9DYIWUJVPW",Z4O7`.NJ4?6FL&MO6;AIM7L)`4KQCE71
M<'P-.(VS[WK[#'8ZK2M))"9`S&.4F*#/,X>"T"AUE&_=48B*:<M5)6II12H1
MNG4&M8G`N(6R+9-JX`$D@`IR^UM/6>6])N<)Q]`"E@K!;#AA23E!.D^.FU!B
M;=3^"7AQ"P0A:TI(R+)B/<=?(UGL1Q"ZQ!X/7;N=:1E&D0))CRUKH6-8/B%H
MMYZZ:46TN=F7H@$[#\H]U8/&K8,W"2@0E8F!UF@VO"J(PWAH1[5W=.'W"/TJ
M'Z75?T3"&OXGG#\DC]:M.%D'U+A9,?YJZ<^9%5'I64#=X&V9RA2U$?[2:"X?
M9+=H0T(>$`=X`$2/TY5'=1<N!H/7`*5D)4A"0@!,&<O6#X4[;7XQ#%;"P0H,
M"\"W"[HHH;3,1RS*((GE%3\8]7+=ZSAEZI=YAZ<SZ7)5F`&T'E'3XT%.IM"'
M&[5I':7#@E#83G61S.NB1//\ZEJ9-NXABX;=8><A+:G2"A1Z2-ORJ/PQ<O7K
M/$-U8I0C$W,B&$J,Y&TI`"0?.3YTK$UWUGP<^WC"BY>O/!-N@D%9)(@:<]_C
M0,X+=VN)W[]HN\4V@K[-EE.[T;J/PGPJ!?XNBSQ)\63)2VU*.R<U':"1FCK.
MH\JK+2VN<#Q=E]:5/M6[P)=:3FYPH&-CO4V[2B\QE[%RPZS9ESM6VG1E6\OD
M`G>,PU/2@N>#,:N4,*MF,,%\6W`ZM6G=43[2@=]1Y:;4SQ*Y</\`&3:S=NO$
MI#SV=4Y(F1X"(T\:I7`_:N%3S=Q;O/$*=-J[D"CXI(T]W6KBUPVZ18JNFF6T
MH=U4EY2E..])5R\HH-!P^V`IU(2!#;8.LR=9-3,:O&K"S[5Y!6E2@G*#!-4_
M#>*-,8;>7;K!;0RZTSD"LTS.WQI./W;&.W-A8V144E??)3&IT^0DT%G:&UO&
M6W)+;K@"\A<)4D;[3S%*G"4YEEUH`$I*L^@F?'SK/V5R+3$L3NE,K#JDK0V`
MGV#,">D`"H35BMYFSLVP<]P^I1TY>RD_)9]]!JFV\([8-]LA3Q@@%6NFT14"
MQ=M77KCMF;-NV9F7$N!1/GTJ#?6#=ECKHLFU=E9MEV3)E03_`/<4U%5AEVW@
M=LX&EEEQY2G(!Y0E,^[-\:#5V-]A;ZQ;6KR0K<)B)\13:\5POO@W*92H)(C6
M9B/C54\AV^Q7[2M;5UNSLVP42V1FR@D"/$F/*K'@_`&WK9=S?6I4OM.X5Z%,
M<X\306+K$@*B)UBL%Z2D=G96*`/:>_(5U%]H20.72N:^E=.486C^VK]*#%$#
MXU!=,NN"><5-/L[5`=U<7R[U`S=&6%U;\.-A5@D99)DU37$^KK\JON'N[8,S
MS3^M$].+3!)H4\M,J,4**ZEB"EVMM(,%2H!/*G+"W=N;&75&5*.51&I'7\ZE
MEUA%TIHA";=*QVA5W@01XZQ(J-8W]P_C"$K>3ZNYW$,H2=`9A1Z;>6M!CK&R
M>'']W=W@";/MG$VX<4!VJ\L0@<R-=JTE_C-K:NM^LC(U!"$[*61R2G]=JQ6+
M</XWCG$.*75O;OOLLW#B&ES"4D'1(,Z>5:#$+=K"DVK8LK>^?>BV>N'+DI[P
M&V8GX^-!D<2N&[E+H<>0FY=U*4'V3F<4?="A\:=X=P]Y\8=ZLCM"I&=21T!)
M/RI?%F&BRQ%=W;L]G:7-LA]H#4(S-I)3[B?G6BX.6I/"]H^FV*G$K["3/?$`
MP(U)Y&.M`C&[2Z[*RM2,KKV8A(U*1X_$U:6EJ`$6S!<;>8M5959>>=1D`:G1
M5:*X8#+ZKAD)5D4&TYN^H9AWA)]G0$:ZBJJULW&N)L12XM;3`MUA#F:2E)3(
M,CRF-Z";A-]A+;;-SB^*-8<&K1VV0EF0LIRDEW22")Y^%5F!</8@WQ)<)LK2
MS7:V+^2YN7'"D.-K;3!;:DP2F"5[DGE5"Y@.)8S=AFS9667+5;:WDME24K41
MH0-=1MYU9X6Y<W?'[)%SZDVR`PR^W;K2+T6Z<JD$SE)T,G784%'Z0+2R:"+!
ME:D!MQ84XI(`*C!"=-0-?C77_17;.,\"8)GW+*E$'>2M5<YX[-M:>M/.I0X[
M?K^[0L2`A`[RH\3W1Y&NM<!([+@O`498FT0=!H)$_K07X2<P(.G2-Z6#*LL@
M$<J0VDYRY.BAH*R]YQSA%K?/6Z&7WPVK*MUH""><:ZT&I[J7\I62I8)`Y`4I
MR0#`DQH*@V-[:W-VY#R`^4I*65*`6$D3.6ID+&;,J0=J"CXL<#6"8@M1`(M7
MB/\`PS7D=C1;0/("O4_I">0.#\8>G5-D[!\8C]:\M-:/#PH);QELF.=5%X*M
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MS]7;[9I&\E1RJ/ZUJ>(7VK7B+`';E66V#JVU*F`A2VRE"OB8GQH*/#&<1QK%
M<1M47M]@[]@RVI#*FTA2UKS=Y8,RC0"`>9I/#@?N+[&<9?M>VOK%M-NTQOE4
M`2O+T)(B>E7MZEK!KUS&[CULO6C35HZ\N`F[:4=P!^))_P`:U!<Q:W^UTJX<
MLTW5PZI1N,@(#@CGX@Z^'OH+1-JT[BZ+I=HE#]Y897PI(S`2(2?]XBJ2]X$P
M1+.'I2E5M:V25EU32LCC\C92QK$Z^Z!3*N(<6L<?=%YASCEP^V&F[1OVDF93
M$[SS_NJOXTQCB-O!K+#+O"E63EX.R<N"XE:"=>[(.A(Z^-`OT=WQN&G[4K6M
MH+4&E+,E20=//NTUZ76^SX,N0-W'FD?%5*X&MA;7=LR@R$S)ZZ&33GIE/_11
MAK+/:8@PDGWF@F,MY6T)Z)`^`JJXMN[^P=Q%C#`.U:1:AE.4*.=Q0!WWTK1I
M:^\*0-E162](W;"XQ<VQ(?-U8-M$<EB2GY@4$*S?QVV:;NN(\?;P]E8E+26T
M=HL1R$3TI=K?-W.#,KO.+KC#[XYBHKRJ"@#`A`2"`9/.=*?'`-P[9#&[R[>N
M[A2"ZM:SVBU)YJ#9&HYQFF(\JD8IZ.66;>UN$)N`77$MD-Y<P*C"0I,0)VD$
MQXT$=M["NV:#WI"NW$Q!UR9C)`B!H!`\ZR&+8MB#&-.VN'\1WUY;I<2E#_:%
M.<Z28\YK>7'HQ9%U:M)/:)4LH46WSE28S=^1,>6_AO6<XCX7L<+O[+U"Y:=_
MIC+*PVLJ3*ED1!U2H9=1)T(-!T?"TET\0E9)#=_V;<_A`&PZ4;S1[)PB8"2?
ME2L$UML=7_'BKGRIRZ`]6?/1M4?`T'(O1-;ASTD63@U(#[G_``J'ZUV3C#N7
M:W/]%@UZOXI`KE7H40%\?(5`A-D^KWD@?K74./%A(QA4QV>!._\`$X!0</X>
M=RWZ&QH%(*3IX5T3`'+D7`L&'4M-WZT,N+[,*($Z1/C6-PSA]PM,8@UB5J72
MCM4VZ3+A,3D@<^5:ZU1<6_9OVSQ%TT<X0D24D=#L2.GPF@V%];\3-W@%G>-O
MI4T%$K:2@!>8Q&X*B03-,.V>-)2INUO&+A^&F"%L!)*2@KDJ)UBLT,?QG)D&
M(/98(TCF9Z4:>(,82K-Z\Y,@R4IW`@<NE!#QO%;[$`JVO.S.1PE65,',"9]T
MUS[B!V;U+,"$`?$UK<0NDLH<N;A9*B2HD[J436"N7%OOK>5NHDT'6.%+?,UP
MPB-L*=<^+G]]9GTI,%7$>`6P&JAMYN#Z5O.%[?(_@C>7]W@+9_WE`UC/2DLL
M\;X&I*<Q99#@3U(4I7Z4%+B*+K#;AF[#:U+LPEIT)!E(2LJ!CH08/E6@Q#%<
M/N?M`X"RI^_OT9'GR"$(0!!42=@!3^#O6N)XF[?W25M^TIM`]LZC3YU)Q`>L
M,KMVE*2`HJ$#8^,;^^@S!8;0_;-8<Y<(N&FPVA^V'>6!N5)/B3'A2L.0AR[?
MO[Z]?N+JT`*#<&,LF)2D:2.O+I5KAP7A_://O6YN5IR$@SE'AT^-&BR0O#7L
M0;;1DS92XYJI1(_"-AYT%'>M(PQUYWLU+0\W#9"B"%'4'3J-*M[+AY3#2<0<
M<<+ZM0E6H'GSJ):.-/.,-W""4,J$Z2--JU5[?LK9`:(R@0*#,XK:N.HMW.U2
MM_L0M9.AF2/?J*E'$&[TVK%P3;V["<[VNBH@#YFG,(>2[?NAYDC,QD3G'0:$
M57*PU5\IQ.;LV^:X^5!IN%;C##A>*7U^IMNT7>!(4[^(A`V'C5A98MPFPW</
MX<JW%PAM:DH4DME92)@$BH/#W"(Q+``RJ\[)UF^=6A81F2H%M`U2?*I=AZ-6
MT/9[K%5KA9@--!.X\2:"L_;BT#=R5X.A3H("(<T7/61-2<!XQMKJ_;8O,-M[
M9M0GMDKT1YS5D/1Q;+?+KV)NN3'=[()F.NOY5JW,&M7;15GZJPEA39;RAL0F
M1&U!6<2.-6&`W=VT$I4&X0H#F=JYVJYQ-JRO;5;K_:,K2MYPN',D:`)!WU)_
M.NG.V.#MX=;X9=OLK9MPE(2\Z).78G7?2B3A>"W/:Y&[=[M5AQR%A6=0V)CG
M0<^:O;RR</92[<,!FU07%J5F<5JO28ZBI6(8SC"&,38=4RA5N$I*F9]I1B`>
M9B3[JWGV+A@6%BS;"@X79C7.?Q>=!W!<-<0\'+1M0=(4Y(]I7(GQH.9W5]B&
M'M6K"+L*:RI+KR86K,>4$_/G5!Z2EJ=ML"<6YVBG`I><)B9.\<MJZM=8%A*W
MVUJL62I)[IR\AM^5<T]+:4HO<,;2`$I08`\Z#!J@"*@+U4HZ#6IJ]N=0E1F4
M=@301[K2W43TK080DHL;>/X!6?O_`/T54;;5J,,;/JK"?[`_*B>G2F9H4\I!
M!H45U2_'K%SB+H9C.[(0L04G^$]#IK3.%NAO%6$JN!D='=&;VB9`TC7IOI%3
MU-*>?O5/I1VBWI(2K=64][WF:C86TXJ]2\0II+:PDHS9@J-CKJ#MK09>\M&\
M4P7$[:Q8+]RG$BM*&EQG6HF<W2`#SY^%!JUP]]JV-T[<VP6LN/$,I=+:@F%3
M(T3I,Q-0^#;VX2QQ!ZLUVMPW<)NFD@^V<RQE/@0:L\.]5Q*T1<WUT<+:[=I]
M;^BP@J02DPH:B=.=!7\>D]LIONJ:6VI]A2%A:5-*`"8T$#0Z1I%7G#-NDX)P
MTH*/W;^0H\\JICWU1\6JMW[VVO7FU%ZYL4//.-^R5%>512.6J1MY5L.`[=W[
M&L>V;0IKU@O-E>J@`(5`F2?I065PVX&5K=6>]<).8+!2I)$IU``.^E1<2NK>
MWQE"`\3<+S)<;2D*&?(09Z``CWZ5;/%IHH-XDE:BMULI,9H,A'EH`*YKC=T\
MUCUU=6;RVW'%F$O1G5F`D0-#J/A%!M.#/7;7#L::L@&KI3+:6DW"LH"R#J<N
MPUT-97#\9<9MFEX^V@OX,I]BT?85`=4I12X2GFJ4DR8G-KO4'$N),41AJ7&U
M=F]D0%D)C.%+(&HZ93\:J<5;NE.HO+N2%LI?"/X%$0L>>8*H"XI<;N;</NW"
MGW6V@A"BDHD;CNG;>O1'#R2SPU@S$=[U-E.G+N)KSWBV.]OAC%EB.&,/(:90
MEFX2,CK6FV8>T-=B*]*V*4LV5NDP`VR@2>4)%!%XB4ZU@F(.,!2EIMG`E(/A
MO[JXWA3*>SE0G]:[*Y>N/J4G#Q;W"4Z+E>QZ5B,8X:787!<LG&A;J5F+:G`%
M(GEKRH,Z^IQN[8NFEJ%R'$E*RHDR"`-?E7965K4@!U3:G8E79SE]TUSZWL<+
M8#B[^["GR#E2P,W9B"#!VS:^ZK3&>)5*86WAZ'$JD#MCH<H&NGPH(?I7<6WP
M9CAT"56X0/&5)%>:&=7B:[_Z5;A2/1Y<(425+[!)43))+@->?K;5PGPH)%S/
M9)\ZKKO5-6%Q[*>E5]UM1*JE\XJ5A"BB\24DA0U!!VUJ*O<BI>$B;U,G>M5(
M['P@NYO,!O</PNY<PJ]MQV_KJ'`E#Y)RI;<.Z>B8,3,CG6CPW$/5<&8:?LA9
M.$G/;N)/=4#J>S$%9)US*('2JW!,"Q![`K6TL;1:T9!=W*]@I:AW4R=\J(TZ
MJ-:VQP&RM+F^%V3=O6R&;I"E^RZT?:D<X@_*LM,\+J]OWF[6U:?>*NZAM2SE
M,:Z(3"?SJ6>',6N%M,W2K:V8N7<BE-Y#"T@D!03K.AB3O6XQ5UFP8<=<<+35
MJ^BX94I"`E8V[-$:[$^.M4^*XU8N-7*<.:7B"D.A]GL+<I2RH:E17S)UH,5A
MN!VS]YB=E>I6JYLY*4!>1*X)!DP8Y?&L;B"6;UURTN5H4`LI8N`K-V>N@S?B
M1Y^==+Q7$+PXU9/LX5:X>]?^P^XKM"XE0`&:-/X?E6"XIMGVK\^LNEUQ22"O
ML.R3H=D]1KO0;7T07+>"<)XH[>(4'/M+L<@W*@V)'YUJ>+$V.+X.FX0H.VKR
M(!CGTCD1-9W"&PWP,A\HS.NX@ISS7V`'QTJJLL3<M&EMISKMW5_>(&Q_M#Q\
M:"RX9N\1O.(+'"L9O?6+5MEU=LAP`YW$`9<QB3`).O2MG:!_UJY"!;_;`PY/
M:%.B2LJ.7W:5S^Z8*NQOK!9[2U7VK2QJ4J`Z?F*BXEQ!CF(8I:WMHDV=S;LJ
M:<6R2`N3,$*$1T&OG0=2;MFWL?L[NY"/7K6Q/:!)T"E$`_DJ*YMQGC-O>63&
M`6-V[?K%XIU5PXF((42$#J$[3RCJ:K[*_P")K>]O+YMU;US=M=B\K1>5,RDZ
MP$D2=A&NQIA&%XCAA96BU;?2ZG.Z^%24:[>(B/.:#?<%VJ$NJ?<6A.5.4`J`
MDG^ZJ[TPI)PS!+>/WV+,#X3]:*W1;)84_P"R_E@0-/G51Q3?.WMIPBR\<RAC
MO9@]4IR$?^;Y4&[#<W&W^<B!YUB..EI1B5XHD!)QNT1)Y0VKZUT.U:#EPV1/
MMB>M<Z](.'76)+OK:U0E3CN-*U6L)3"6#NHZ#>@WR+X/6&'6F'"W<NE6X2YG
M<CLDI"0I)'(DB(\/"I5\XSAUT\\E[UCUZ[9>4E)E+#20E)4==`(GS-<<L\%X
MI6XE#V9Y;2%?O+I`2CE((6,QCG5E<C&26?6+N"X.T"3<I!02=%!,R2/>:#=X
MUB+MSB[-M8XI;8?;LK*S=QG#CN4``Z@9-2F3H2/"J7CAJRN,6P*XME,.>LXC
M;2II0.=Q*X6J)GV0!//3I6+QK"KIW'W+FVQ^T;<64H*C<%*DG1*A$Z"1,;4C
MANVO%<18'<7.(VEU-^TD(]82ZY`43,;@:?,4'3L`$X1B"S^/$WC\Z<Q'NX9=
MKYAI?/\`LFD\/S^SB5F)<O7E:&>=#&R4X#?JT_<K`ZC2@YYZ#>S>XWO'&LV5
MO#E`2(B5(%;[TAJBVXF7/LX.TC_>>K&^@5OM.(<6N>E@WRZK_P#\UJO2.L##
M>+5<_5K)H>]<T'+>"5L-XT7;NZ1:VP:7VJR!)!C0'D9C4=*Z*F\X?0VBX=QM
MOL7!,A4'0F-!RGWUQI"M-Z)QP<C\J#5IXBME+4MU+B5J))@2"2:;N>(&`@EE
MM:U<LV@K)%?.:25ZT$V]O'[QS.\K0;)&@%1BGN*CH::SDBE,DE13`U%!Z'X?
M9'VHVC_18-:(K(<7X1<8MZ4<*MV`B&;,.N%Q65(3WP?FH5N^&VR<9Q"1^[L[
M5'_"35&^"KTK7G1K"6Q\5"@I6.$\5MWE]M<VN3HJX$QRT$58)X8OEA1#UNL)
MT3]Z"D^4:5J@W;/J<=S$DF5DD@330?L[=LAIPK!45')WI//7:@Q-[P%<./AQ
M3C))W+;D?I4]SAV]-AZBV6TM#4`.3K[ZN+BYOKXEJV2IMHZ9D;GS6=![I-6&
M&VSEI8LVSK@<6F0"D>.@\:#"6W">*L!T$,.!2@1"XIS]EKTJ_<('DZ*VR+^S
M6LH;=4Z08)9;4X`?,"/A-5V/XU;X9A0OV\EREQ8:MPE6CCAY3N``"3S^-!FC
MPO?H4DYP5A,3VJ12_P!G\2``S)!@A*<Z8!ZUH,;?5@V'A5]C#J<16WVC;;:`
MEJ?X=HC??I3>"8NC%K3.I"`^VL(6$Z`SJE0'*8(CJ*"XX,4'<-6KLNR(NWD%
M,C0I$';Q%7Z$]]?@Y5%P0F,#;6?\Y=W*_BXOZ5>[+>']J=*`$:JCD:06PHF1
MFUT!V^%.*(SJ'432%'20`3IH:#G.-\$K6\Y<85V+S3JBM*'%1$ZQFYBKWA;A
MVVP9K,\EKU]]'?RF0`-83.\2)-72F7PH!*DY1L)(V\*#;3R%!14E1_M$F/*@
MDY0!`HU#NGS_`"HBJD+5*"!N105SR8<3I_B*X]Z75@XK8)_[(_F:[$^L+<D;
M:G]*XUZ6M<;M!L$L3\S0811T%0IT\ZEN$0*A`P$T#&(:6IU_%%;%AS);MH`$
MA(&WA6-OB3;)3U76M1[`!)V`H)2"29,GRH5*P5@.W41L*%!U1IQIYM"K514T
MX92"=4^!\:4HEE9"AE/M>?C4/ABS<!98<RI2VO,<HU5`@$^XU<\3LMV]BVZG
M0C,D'PRD_I0<"P;B&XP1R[>MV4N+N$1WB0!"I!TW_OK98;Q%9BSQ2SO+-,*;
M:0&&4Y!`3JE2YD)$ZQ!C2N?6=A>8EVB;5&9:<J0VD:J)T`'C79>$^#6+=[%E
MXYP^JYO%.A3"75@(+1T]J8!D&9U&E!CG\8ML?OL-6PFX"[>W##O;*"B/O)2`
MKF`"1)U_.K_!5//8I9MM/+AAKLT#-`UT]V]<[PUM2?7"DADAU+:2"3D,JC4;
M[>^NC<$HG$&5%)6`4"``29(ZZ4$OB)UZUQ:U9>7G2TP$RTLE(!F0#_M?*J3C
M)@OW6&FV4,[SRB"=M2@#R%7W'*,F,$"3E`3.G(#I6;<4;MZPMW$%8:<*2!NH
M$C2@U)X<=LL2PM^Z[*[8+S32K=M,PH)6<^NXF33/I)MWG[9#K=D67&DY5%02
MD+;4H)G38)5&_P#'6JOE6UO<80UD=9;]:.124E(0.S(R^^:S_$+%NUQ-9)<4
MXFWN[8LNYUE20%$B4ST.4^Z@P6+VH=>M+&4D@H2HC68@5WKBQU=OA:6VB1VS
M@0H@\@DG]*XY?V%M88W:HNGS>8@[?-CLV`>R9S+`.9?XE?V1MS-=/XEOTOWY
ML+K,+1AQ*G`THA94-9!'2@K[\L6SJ/L^Y=4VIM*E=^`'/^7+E4-WM2MI2%*=
M[=3B$PDK)(U&HGD?SJ>SBUI;MY;/#F5$=Y+CYSK$Z3MY;57G$+I5VN^[=3;K
MD`%`RE(]F`.6WSH(M]V]NZIDVKN?*,P40@ID)U@^$_&M"QP^^XRIQ[$;5+:P
M""`3W3&A!B#`JDS7&+XL62H&X<2@9B<LD)&I^%01=M=OZLYW+HG*6#(4A0,D
M$>4B:`O31=6J>$&;5FY;=*KAE*<IDD)!DF/*N'69E2AX5M/2'B-O<6K5FRLK
M<1<$J5$#0$1\:Q5D#F70/W!T2*@76H54]P:BH%SLJ@JG3!J3@Y/K4#^$ZU$=
M,*FK'AI@W.,6UL#^^<2CXJ`K3,>D^'L1M;9=RW=72VS8WX<8:0"I3R2WD+82
M-]AY5+1<XUB%FQ;W;5O8L7+YL'+C(2^A)DA!!V&P\9J+A30L.-;MAP9&<096
MIE8.4B1FT5RU2H34G$.(,+1=W-N\RY=M/!IY?J[P(;?1R2KF-$ZCI66D^QP/
M"VTLN8@A-TX'E6SJ[M:E*"AHD(&PD1ORJRLUBRLK1+I0V;1Q=N\/6`A"1R40
M?:,9?C6'5Q!CU]?72</6MHWCN?LF4A2DZ!.BHG8#6M'@'`JUO^NX^<\G.6RJ
M2H_VC04^).89B6'MVK"KZZ>L''!;N6[)5F$]TE41&WPJGO.'<5XAOFBK"569
M4077WG)[L:@)V%=H[-BW9#=NE#+:1W8$!/NVK.W^*VMLI99)<=.ZU&9H(^'\
M/!C`V\-O'TG+<N/RUI&;0#W#2H-[P=@JT)]7NE6RTC259A\*@W>+O/K.=:B.
ME1?69/C06N'\+L,V*[=.-C.IPJ*TMQ(B`"#-1+_AK'FFW/539WDZ(4$E,#Q&
MM1T7).H!'E5E88D_;N`MNJ'A.E!RS$L2Q:SOBR]:&R4'$AQ#39':ZRKO<]?E
M6N/%6'V=FWVC';+=2%+RIS*8.4&%#EYUT53.&8VVG[1M4+<2DI2L#437-,=X
M&QK";]5W@^>[MEGN+1HI`/)7A04&)XP[<WRWG'W6L,(&7L3^]TT)_P`<JGOW
MK6)*X"0VT$%&*.A9'XB%()5[Y%16>'\96M=N;3L6%J[Y*DY?$^-7:,!198OP
M8U:!999O'UK4M4F"-_\`A^5!TNV>::6`E2I$04HG6:C8A8X<^E1O+=+R"Z7%
M%T@IS1!UY&#%+;*M")`G0\OA4#B##G+RT;;0HE&8E0GVCR'^.M`RG".%W@E"
M,(P]Y*`0$I`4$@G4:&GD85AK:U!C#+1C\/9MI@QYUE&TX1A-XF[<8O$N(4"]
ME2$IWC33:M5A&*8;BB5FR:42@#/F5E*)]U`P_@6"..E2L(LRKF5,I))IRVP7
M#+9U%S;X9:M.-F4N(9"2D]0>5695;!TY4*4/$P!3KH#C<AM[0ZDCNCX4$!"$
M,H#+*4H:220E(@`G<Q4/B)`_9^]E125-E.NVO.K!(3)G4=*@<3(+6$7!49!"
M=]CJ-*#+>@2T<MKG'2M2%96F6TK29!&99]U3_28Y&$\4G^*[LFO@DFI7H9:;
M2C'W6T9<SS2=-M$J/ZU5>D]R<$QT_P"DQII'^ZT:#CPV.M(,GG25&#1@DT!&
MDG3E2J2:`#76G;?]^VG?,M(^)%,9JDX:DNXG9-@>U<-C_C%!Z9X?4/MW'XV2
MMAOX-_WUCL2?OD^DS'!AUJ'W3:,-RO9L0#)K7</I4,5XB5_^M2GX-BLY8N`\
M?\6.+!*<ULV8Y@()(^5!.-LD*;^T\1EU:9#8E2CX@`:#Q`]]2@K"V+9ZZ;4T
MIMA)4ZX946T@$DD'4:#2LYP#CSM[@G$&(BV3<8LVLW,N#VT$=U`.\)`(BHWI
M"1<7F%X6]9VZK7$\984PY;)T*Y@Y2/\`'*@UF'//WEA;XE>7K>%,W0!MF%!)
M<*3[)45<R-8&U9KC_&KW"<+NL,?`%[<!+;%TT,J5MJ/>,<E0(D=30?=X9XTP
M[#;F]QA.'W%DUV5Q;N*"5)VS"#L9&]-8LNPXUQ5YQM+BL%L;8VK3R=%//G8H
MG?+O_P`Z"UP/'@[P3B%WA%@U;76'MI;A20<PRB5:=1)]U<RN_7[^VS-(=>9L
M?O[A"2=`80%QU_0>%7^#'%<%:OK6TQ/!7;:[3V"G;AQ22`"1[$3.L<ZT&$V*
M<)97AU@YGNR0_>72@4E1V2A(Y;F$Z[R:";@'$%K;X(W>X[Q-:7=LY;@^IJ0D
MN))_"2#WC&FU4_"#)P^V%U<H6Q]H/I+#)290TDG+FZ25?`"IF%M65V^I:+.Q
M;Q$.93%L@+_UMOGUJVO+NVL<01;//I6H0MQ1U4/[1\Z"\X0;4SP_8MKC.%.3
M'BI9_6K79UWQ,ZU!X>,X-8D;$`_$&GL0NVK&VNKU^>R90IQ<;P!.E!)G[U&@
MU'3PIMUQMMM3CBDH0E,J4J``.LUQK&>/.)7EHNK12;.T.B$H0E1'FHZDU&5Z
M1,7<L;JRO&+>Y0\RIK,H%)$C?3??:@Z];8OAEXZ6K6_MGG!^%MP$_"FK[&\'
ML'.SO,2M67/X%N`*^%>?%OW=N\TXZHYD`*0<W(;:@TYA]E?XQ>*:L;9Q]Y4K
M4$_A'4D[#Q-!Z&M;RTNT9[6X:>3$RVH&G%@:&(KCF'8;Q#PM<)QA6'=J&0<_
M9/@@HYA0'+QY5U/"L4M\7PUF_M9R.IG*K=)Y@^\&@,-)#RE`&<H!U/6N,>EI
M?_2%D:=VV1IYR?UKM14>S<5XFN'^E=4\4N)_A:;'_"/K085Q1(-,':=*?=T!
MGI48F3O0-W0D6Z!N7!^=:XH6(3D),C2*R;G>N;%$[N#\ZVWK#:4NI"R"HIRD
M)F?"*(EX,\&+LE>FFU"F,X;S+4G(M425*2"#SY^%"BNP--*PJV3>+*UH0>^=
M]3%5N.XHK$PIMK,EE"%!$C4J(C-2\<QRRNK%NR82ZI14'"OV4@CE'.LW</`6
M%VH.98949!U&FXH,_@%LYA^*+MBZMM]L"'&]QE6#F3XP379W$*/$+5NJUN'F
M%VRI+BONR4N"`H*W5E)D^-<<P%*,1>5?,LM6^',K2T%/.@*ZF9WD`DGE5CCW
M%F)8-B;%]98TQB/8%Q#;2DI4A*28@QJ3`'>)VH,KB%JEIS'+5EM,,WA"5)!&
M4)*X`'2)&M=`X3;RJ26UEM1<2E*PC.0>L<ZYJB\N+LWMX\LMN7#W:J2B8E1/
M=`Z:QSKIG"MRU:IMWW"%!+DE/:!)C;K\J"3QN@HOCF.8YH*HB=!K6<P<`XP@
MJ.C*%OG_`&4DCY@5?\67Z;Z;F6TDN:`*&W*LYA2F47.*ON/MI'J*6DRH;K=`
M,==`:#6V'$"KAO#;B_\`NDVSQ#JTRK,2W&:/IXFJKB>[MK_'3=-/MN6S;:/O
M&U$@@>?.2-J(8K@9P9=E]^NZ+FB@9[H&A`C:=_*J!#Q#%R+NT*%*6H-K40E)
M21OYZCXT$]S$G[(6*%MN/EFY#V4.$9N_F(R_&M7;WEMC+3E\;UJTN;A[M4-7
M*PV%H),D$[QI$;P:P/#6(+=XPP9NY6A+*;E/?*@!I.I.T5N>(^'[%T+^Q<7P
M]%LXJ397+B5-)43J4&93Y"@GIL@JR2I5_9VJBZ"4K?0?NX,R1,ZQIX4=YBG`
M]BV0_<MW3L)E+2E+)(YB#`^-8:YP%]#B3]D8.0-^SQ).57Q5I4NSP%];I5V_
M#^'(4D))-PE]0\0).OTH)N(<3OW-P;K"K!&%-0EH7MQ)*>0RC8'7D"?&K?`>
M$F;P&ZQ0W*LZ@M2WED//:<^:$&=MSSBGL'LL!L+I%S<XHQ?WJ$]VYN+A!"/!
M"9A-7OVQA3>9?VC:9E:G[],GYT',/3=8V&'X?@K5E9V[`4^Z?ND`'*$)T)W.
MIYURRQW4:Z)Z:L2M[UW!F[>X:=2@.K/9K"HG*-8\JYW8@E!(G<T$AR"`:K+K
M<BK12%%.5.I`DBH+]I=*)RL.'3D*"B>W/G5_Z/T!SBS#DGDX%?#6JEVPO3)]
M4>W_`(#5SP3:7B.([7+FM5D*"7G$P$:;ZZ5IF/1?%EYAMG@UNK$K-5RE;P0@
M(7D6B022D^0VV-4>$66`XQ=-VN'8E?(><V:>M`8\U),4K%N'L0Q5FV0OB7#W
MTH)6>V="<JB(T`G2*V7`?#(P%HOONM/W3N@4WL$^9K+328#@>'X!9E+0"G8E
MQ]8&97T'A42]QQI3RFFE=U/3G43BW&>S9-HRJ%'VB.58=5Z8R-*._>6>=!H\
M4QA9[F:3_"-A6>>6MXRHTV@J4==:?2@C6@:[+3:E!N>5/I3)\:<#9@;^^@B!
MK6`8IQ(*#.X%20D[D":"T=W2@L<'NREP)S&/$UM+<I6CM6528[R>1KFC:EM*
MD'45IL$Q3*H)GSH+)VQM[EY9;2E!/M"-JS^+LI;XHP&U1LVA1_X5UM``\I+K
M:@%<_&L;C1)X[P]"DGN6RSI_JJ^M!:Y8.;NZ\IIAUR#!U\J-Y8;!44P>@%5[
M[Q))"309+BE0;OKE+Z5)8=*0EQ+4IRD#0:C414S@W#VV5W%\'+LH=`;:S,9`
MI(,D@9NNU72GB$_NYZR*:]8<V*EQRH'+O$S:WCS!R'*$J!6G+.;QF#'.I^'W
M[]RVY["6T*RC(3K(!WG6JQ;F:0L%0.NO.I*+K:09H)XW&OPJMXM4I.!+45'*
MI82-=)WVJ=;.=JK4U5<<N%K`BDR97^E`OT,"<'Q5W_27H'P0/K64]*#O_P"`
MOF='L=>/GE;BMCZ%P1PD\Z=EW[FOD$"N=>DVYSX!AP&I<Q2]7\"!0<[TC2B*
MLNE*L;6]O5*3:VRW"D2<HF!6WP/T=W5ZM*[VZ0VV1($1\:#%LL/W&C#2W"=.
MZF:N[3A'&+QL*:;`4=D*T-=5M<!P_"5)M$%1<3^[`3E2H^!_7Y5,?=]67D4V
M0!NXG<GX:^=!S^T]%F,O,E:EA+GX1N/(TAO@3&<%XCP93[':6SEVR"XWW@DY
MQ,]*[1A^(6K-J"AQQ2N:2B%_"I",8+L3:!IL0>U<(/O@4#/#Z%&YQUQ)C/B+
M@VZ`"L`T[<?M)QB[;+0EQJ[0X"H3)0-O(S6[?Q6RMENL6JTI6M94H@P"HG4G
MWUEW<!*[O$+BTNFVW[YPN.I6=-1R^%!G<#&)X+>W6)<.-6MQ;W+91ZM=N]D6
M%9IB=E`&8(.U6F&VN(7F**X@QZ]8>NT-J0RA@RU:)CO*!YJB=MMY-61LL0L+
M!%GZHV^G?M$K$3[ZK\68Q)/#CEM;H07>T)=0A8*BW,D#QVTZ304N(--7-JK&
M+G#,,N0XZ4,&X9/:J2/Q*((S>^K;#;T8C:VH8#5N6K9Q92V,J4+2J.X!MIK6
M-O,35>%JV!*$MI#:4$04]=*T/%%NS8+MDL7+O:M6Z-9`C38`4"L-LW,6OK6P
M<`-LQ)T$:$S'QK58G:V3-_;*RC*'TJ7E)3GY$F-]":S^"N7N&LBZ+2%]JD*A
M!D@$:4I^YN<3N&V;=?8NDR%.),`B@C.J6Q=,XSAZ"TDE624=V#(CQTJ,]B"%
M6[SKZ4+O+RY3F)'L)3$`=/[J?-VE/#XLW%#M&'B`/#G\P:I;2U3B.(H;SK2E
MM*G5*0)C*)U\#$4'9L![N!V'^JC\JE7"$.YVG4)6VL95)4-%`B"#4#`WD'`,
M,/-5NTL^]L?6I+CR1*R>Z-9H,9B7HWP-]:7&GKNW$'N(4%`>&HFBM?1YPY;Y
MNU;?N21$NN1'E$5KG+ZWR@*?2))C7E3/KENIKM>V1V9,9IT)H,>OT;\/ES,A
MR]0G^`.@CXD35U@O#.'X(7OL]3H2\$YTN*S21,&=^9TJT3=VRE%*7D%03FB>
M76C];M\H7VR,I&8&>77Y4#2[9QU"V]$9DE.:`8D1H*1A^'6F$X>U96:"EEI,
M"3)/G4A=TPGVGD#7+OL:;=N&U!00M)(&H!VH&PO[K+S40/G7#?2>X'.+[V)[
MN0?\":[6E0*DSL-37">/R!Q5?```9AI[J#,/^P>H%10>=27U2@CPJ((U\#0`
M0<0L0>2IK3=H)2)Y_I68S'[2M8Y))^56@<4E8,D^5$7*0@"0CWQ0J$U>$)@A
M4>5"BJ8K6H25'XT6943F/QJF%V[![YH_7'0-%GRJXBYS$@`DQXT"M4[D^^J4
MW;T&%F*+UU_^,TP:%O-(U/QHGUDJ(T/G5"+ZY!T=/A257CY,EPFF&KU!,S`^
M%.*4K0UGO7;@:!PQ1^N/Q^\-,-:!)W,4<@1]*SXO'_\`2*BAZX_.KAVIAK09
MI$3(\:&4?PI^%9_UM]4$N*-'ZX__`*4CI%,-7P2.:4_"C!$$%*?@*SYO']^U
M49H"]?YN*IAK2)4$[)3X:4OM$Y=0#[JS'K]Q_IE4!?W/^F53#5O?J!<;@0(V
M'G3MD89,=:J6'G'DYG5%2O&K6T_<#SJ`/K5VJB%08I;3A*=5*!GDJJO%5+2X
MG(HB1UJO%P[_`!FK@U`<$:NN?&E!:H&5PGSK+"[?$0X:4+VZ'^=53!M,'M7K
M[%+2R:2$JN'4HGS->LGG&L/LTMH`AM`3[HKQGPA?8@>)\*[!9+@N4$>`G6O4
M-_</+2M+BX@C<S-16=QFZ4_<NJ)]I4U`:!)FEOJ[1Y1!GSJ1;HUVH)%NC0"I
MJ&BJ-M-^=(:1"1.AJ=;`:#0]-:!"&(2(IPL@BIS:.[,;T>0=-*"O#`B0139;
M/A%6&0`DP(HBW'>$105#[?=@"HJ5K9<E!@CF*MGFPI70<M-JK;EO+,4%QAV+
MO!384H]/.F?29A2\4X?3CN'/K8OK,25-J(SHYC2J1I9;<!S<YK4X/>"YL[S#
MUH[1+C2LJ>IH//8QC&,^96)74_\`[I)_.DNXKB9)/VA=@^#I^M4^.7QL,:O+
M1+9`:=4D!6XUJ`<8)UR>Z:8FM*,6Q1.GVA<P3_IE?6A]L8I_[_<@G_MC]:S0
MQ>"26I]]*&,)&UN/]ZF&QI/M?%=`<1N?_&52SC&+`?\`K*Y_\4UFAC*#$V^W
M]JE_;2,H`8B/&F&M$G'<82H%&*W0(V(=-/W?$&/7ENFWNL5N7F4JS!#CD@'K
M643BS8,EB9\:=&,M#_,&/.AL:2TXBQVSMO5+3%KIBW"BH-M.%*03N8%;S@OA
M&ZQRS5>8YB#HMD$J9:2K,25>T=1I-8'@9O[=QZWMO5Y90<[A.H@<O?7I-"G+
M2T!6PA1(A*$C*EL<A',T5CV\-M<+*&+9E:D@Z*.L_E3]NERY<)LLRE)43*8`
M3',GI5VNT;%OZQB)!0OO!IONE7AX#QJ%B>()3:>K6Y;MVRGNAM.6?!(Z#^(T
M%4]B7JQ4T[<`3HM#2<WSJ*<00\I5N$)1FVS$I)\CT\*JGV5J)[$9@9E1.WD.
M?F:JG?Z/!#:LP,DJ4"3\:#6W*'VVUK:O$DA/LYPEQ.NT['W4S;XRY;MY%J"A
MLHC8'GI611B:VVPT3E3L"DC0;$49O$I="V5I*C!`>&B(\^6F]!>.JN+AYQ;2
M'7VT3G4E,@;09YU/PK$5*6XI\YU)CLQ()\`/,^[2JS",8%O>.+%P'`Z@J^[M
MTIU!U&7F)GH1RYU?B\L7QF3:`YS*BT9)TY`\]:"4SB5QF2Q=I7([L)`5/@1_
MCWTQBN!KNVE.89BS]G?>V&U*&0DB.8Z5/PIE;K8;L;I"`20@.I`42=8GYU8V
MUPZM2K:[R$3E$Q)ZD$?\J#B_$=CQ=AGWV(NAYL?YY&50^,35!<8UBMVYVEQ>
M..+(@J5$P/=7I16%V-Y;J1"2@R"F00?"N.<=<%*L.TO\)M70TGV[<`R/(4&5
M;XLXC8;2RC%'DM-@)2DI28`V&U+_`&OXC!TQ5T'J$I^E9-=ZR%J"@N1N#RI7
MV@Q$"?A1-7*L7Q!145W*R223/,TY;<0XM;-J1;WBVT*!2H)`U!&O+7>J'[08
M,1,>5`WS!(,F/*AK6(XUXG:;;:;Q=U+;:0A*0A.@`@#;H*5^W7%<%/VP['3(
MCZ5D?7F/$^ZD^N,1SH:U2N-.)9[V**][:#_]-+_;3B92.S^U%%&X26T1_P"6
MLB+QC0T#>,3/Z476O'&O$Z52,24!$2&T;=-J3^VW$A2`,1D`0!V2-/E63-XS
MU/NI)NV^2C0UK5<;\2[_`&@29G]TC?KM2T<;<2]Y0Q%04L=[[I&ORK(>N,E,
M4/7F\F68\:&M<>.N)@)3B9\06D?2J"]O[K$[QV\O'.T?694J`)^%5INFB(S?
M*G;50<*B#.M`M^<A,U&\?"I5S[,<ZC`;30.,*2'.U+:5+1H">E/JN-=&T0.4
M56!]M"UA2H()FE>LL3)<'QHBQ];*2!D10JN%PR=EI^-"BJ6A0HQUC2M(*A0]
MU'0%0H]-*&DZ4!<J%''RH4`FC"C1:[4-*`:3M0/E0THSMH=*`IHJ%"@%"A0\
M:"PM/W0,:SO5O;#[A,53VT=BFKZS`#")C::E(J,5$JWJI.AJXQ/7,1MFJH4(
MI`5%1T54;KT1X<]?\7L+0V%-,)*G">4[5Z#QI?<*LVJ9!!Y`5QOT%7?JU[BV
M7(%]DG51Y$UT[%[Q!86WV@"R9,U*JI95F5KO5M;`<XJFLY/>G2K>U6E1B><Z
MU!8)DZ\S5A;-94A>D57,/6^<!5PT%GD5C45=,)0H:9#SE)H%I!GV=.HYTN.]
M'YTIM*3L8(\:6$SS!\101U(`.H`'G12`.Z!TWJ04"8)'OII3<$GE01W4@IYU
M67#:53UJW6,H]D?&J^Y20#KX[T%`^(5)&HJ=A%TIF\9<`G*L>=,7@`&G,C2H
M33F54$:3J*#G7ISPFWLN(TWMHD(2^)6G;O=:Y;)%=[]+3=I<83:+*`IT&1/2
MN(7S#;67(")Y58E0Y]]'FU]]``^5#R&U5!YMIY4L$GP%(C3QFE)2?<*!4T=)
MU'G5SPUA2L5Q)MG(5(![T"@[=Z"\.:L<%>OWFTJ?N%9DF-4IZUT@W;3EZ775
M?=,<M#!Z>)_+XUD\(6SAN&)L[=8::;1J=]?"H5_?E-JFW086X=><?6LM+;%L
M;]9Q!78CM(/FD>&FYK+8QBR&W%E;O:/*]LC4GPTT`'0;5`Q2_P#5FQ:6JB%A
M)#BIU\OK6>)4M64J$'72@NV<56LF%A(YD(F@I?K*^ZH'W$E7C_B*ILX(@#0?
M*C#C@2`GV>>FE!8OL6S/>;`4Z=S,A/PTFJU+1N72E;R6YW)T*_`=/?I4@J6$
M`.+43R'3R%1B%*)*4CJ)$_.@T%MA;-BH7;-PINZ:*4H;>4%=J1N#EY08J_OL
M3M5J26656CJD)5+:@H2GD1S',$:CKRK$6ZEMJ*PLE0Y#2/?2G;ITAKO9G&]4
MSYT&P5=HN0RE*IN2J4J:6`"=Y`Z\]/A5KA[]PD%BY:6@D[E!RGR_6/.*YS87
M2F;F"D`3.^U;_#\?7<6_JK[B5'\"BG68YSH?.@U>'M+;!6TIC(O0PK0CE/4?
M,5=$%+!2[+S1V0Y&8>1YCSK(X0Z0VH-%)4H%3C9._B.HW'45IFUMBR!!46O:
M`Y#PH/+_`*4^'KG!.*;MSU=2+.Y67&EY8&NI%8F:]7\<6[5W@5REVU1<,I;)
M(#>8C3<$:BO*3@"5J2`8!($U8S83)H2:%%50<T84?>:30-`K-(BAFWUI%`4"
M\QF9HLU)U(HZ`\T;FB*N4T5$=MZ*7-6F%_NB?[1JHZ5;X9^X]YJ4B3<'32F!
MM3MQ[/Z4SUUJ-*>X4>V61UICG3K_`.]5YTU6D'0HJ%`\FW=/*/.C>8[)*2HR
M2=15HHE.F4FH=V%+3`0J9VBIH@[T*-2%(,*20?&BJ@P?"B&U`'2E0H$::T!&
M(TFA&GA2MSK&O2C4)'2B$1SHR/"BTCW4HCH:!'/2C/EK0(@P30/4^5%!"2M8
M0D228J=>V)8;3D[VDDBBPMLJN)B0G6KI%K=/.%*&5.1L$I))^%2T9:"*.#$\
MJMK_``7$+5_([9NM$@*RJ3$@B0?@:A/,.I0!V2AUTJAVW![)-:"W@,(&LY15
M&V,J$IZ`5=-?NA'2I2*J^DI4>4U5N#PJ_O&`FW4LZZ3K6HQ+T?AQ5LJUQ2QM
MD%AL+;>"PL+RC,3"2))\:0<TK?>CGARRQ)E_$;^V-RE#G9M-$]TF))-:*U]%
M5IZN@N8@;E9$E31[,>Z9GSJ_X<X97PU:72$*<<MW25I+D:$"#$;TM%WAW#>#
MM6KPM+%JP><0`HM)`6I.X@\Q-9'%?M?#W2MM(O&$:&50HCH#X5TNY84O#VWM
MG$)D1II&HKGE\M7K\*5)@$$5%+PK'K&XMG7%E31;T4AP0H$[`#G[JA8>]BG$
MUJON)M+!+I*#EAQ0V[QZ^'*:@<484+EBT>M'"RHOHG(2.^3`(C8UT##[/[/P
MMIEL9<HUG63N3\:"LL>&VK.V?MO7'T,7``?0%@)6`=`:L;;!+=*LMO?WK9TT
M"]#\:CJ7=7#R6T2A!T<<(DI'@GK5&J[Q6WO"TERZ*5*,S&5($QOS.FGCO0;1
M6&XY8-EVRQA:IW0\V#\:5@/$5TO$AAN+6R6'UR6G&S+;T;P>1'2I2+R[87ZE
M<+2Z0@%#B?Q`CG%97CU]=IA`?ME!-\B\95;I)CO3)^4_&@Z>8"4*)$&/?5%?
M\3X<PMYJUF^?8(0M#!F"9^,<^E<AXDXLXWMK"W#]B]:,*0$K=N$@!9.\*`!@
M_&N@<+V]EAV&MA_*0A(DD>VJ-5'J2:!Q7$V,K!+/#LB/\Y<"?RIEW&L7,%[A
M]U)B9:<"A4NYXLPI*^P"`@S'>2?T&E,HOK2Y`[-;8"O9R&0?I05#^/VBS#X-
MLL=[*X"-.<=:<2HK=;[NKD*0000I)V(/,&G.(61=6R4J0EX),ID>S/0[UC\*
M?5@^.,LOE*+5X!06HPE*^1/2=CXP:"Y]+*646-H9AR<L=1&M<5Q(CN=*[%Z2
M&+K$L':NFV3V;`*G$D]Y*3S\:XO>1#:9F`:L2HQ4=A0S':-.E)FBJAP*I<[>
M-,^&PI8U$`"B'0"I02!).U=DX'P,81@RKJXR^LOJ&43J!'(?XY5SS@C`W\;Q
MVV8;;EL*S*)$[>$BO0)MFFK?-=95*0,J4\Y&A,_I4JQ6N.9+8LHRJ2D@W#J3
MH>B`>?C5.Y<J<NDK,I0/9TY5>W*4J`0VVE)/LM`0!XGZFJ"T_I..BR[1+RNS
M4"I.B<P!,#P%154^VXXZI1'?49,4V;-24.+W"2$Z=>=:MNUMRX7-.S1DGSB3
M1N6P78(6&R,TN:#J9H,:FV47$(WS`'WU>8;@[C@0Z5(D"4B*>58*;6TXD3$*
M'BGJ*TF'!";<)(`*"0?K09"XPUTW2FI"B@$G\_I2A@[H2M10HI&@,U?-MRMR
MY4D9B-0:2S?K6@LMLCMEG*F=@:"I7@ZP@0CW;S4)_#W65*S)E1C2-A6ZMV.S
M2,_?61J2/RJ)<H:4L!0YZ^%!@U(4V!S(.@CY4ZT\9`U&4_XBKK%;5.64H`TU
MTV-9UW,E25:[[T&SPVY4M"%*)$&0X#J#UK:81C*".R?48GV@('C]:Y[@SF9M
ME28*)B*U`826T9%*#B3%!HKJS2[:W"5;9NZM.GD3^AKS7Z1<)5;8PX^Q:Y$?
MYP)'LGQ%>A<(Q13)-N^$@IT$&`J-"*S/']A8X@RY<B$*>24J<C0I&T^,_"@\
MV=*$TY<-EFX=:.Z%%/SIJM,#H47.)H4!^ZB_2@=:%`.5#:AKI0/E10CG1:&C
M,QIO13K0'OM5KAY^X'F:J:N+`?<(\JE(6\=1,T@Q!-+=,&D$C*9WJ-*1[]XK
MSING'3WU4W6D"A0H4&VN&VFP4I"0HB1IK56XK,0"=]!5U=L*=]E.O4Z5"1A2
MU$DW#2((@+)E6^WE&OG653<)ON';NT5AF.V:.V840P^@Y5E),D$[&-:S&-X4
MYAEXIE8(;4,[2OXD20#\B#XBG;W"E]OF:N67BM4)#<F?B*U>+8/<OX-AUJ4]
MM>L-H=6<I[2'8`2?`*2!YJ\:J.>ALD@;BM5PAPZSQ!BRK!QYQI):4I"FP"<^
MF4:\C--N8+=6%\NQO;=;3R#^))&83$B=QH=:WWHULF['&7;UXA*4,&">N84T
MQ0X]Z*>*,*:7<M--7UJD9L["N\.H*3K/E-8!3:DDI4F"#$=*]=&\=20I#DLQ
MF@>RH<JKL2X;X<QMHJN\,M7%+W6E&58/F(--,>3U1.T$T8[TZUV?B+T68;;*
M4[;W%RTR1(5(4`/&:P;O!6(I9]8MI6T=4=JD(*AR(U/SBFF,KEYB@0?.K&ZP
MC$;0DW-D\@#GED?$5!,`U47.!)^Z=,228\:V-EA=]<M=G:6]ZEQ:2>[*-A,3
MI(TI'HT2RVS<73LYD:)(5E\]A/PKJN%8U9LP'.U"3$@WKPD?"LK'*;W`,8LV
M'#=GLVFV@XGM'P!"N2==]-O"LQ>M*92W#B%E2<Q+:\T>!Z&O2/KV%WC+H2[V
MJ@DDA.*&0`.BT0:XUQ8+3UI2FA'F\E9^0%%8%1E?F:O4)`9&@U%41U=_VJO"
M1D`%$AF[1GR-@SF(3\379[K`[NY;??M+5YQ"%%)4D2#&GZ<JY'A[(N<>PRVB
M0Y=M)(\,XFO26%,.W&',N.(7E:><6SV3^3/WCHH<Z*YOAMS>6F1I84+9PD(5
MR"M=/#;7I5Y=W%TBS6EX*)4(2,VB#&H\:BX[;N!++JF2E]ZZ6<@7F2B%*F/,
MF---*?Q*Z<;LK8NMI42GO).D]/T^-!H0D7-NA*RK(X$D#D1$_E7/^(6VF\52
M64%#:D*('03I6NP:^4EEB5$E``""9)`Z?E65XG$XJCLDPV$JRSN.]M01'\O9
MX85B9OVI/@)_6MRR"001ORK'OV*[["U6[)R.B%MG:%`R*ML%XHM=+3%4&RO$
MB%!P$)6>H/C0:5%BA1!`(-2$X>V$ZR2KQJ78.-/(#C=PT4[:.#ZU+666@7%N
M("?XBL`4%0Q9*9<+S;:0>IKGSSR\?XM]>+@<L+!S*V8T<>C4CP%:3B7&W<22
MO!N'U*4%$HN[X>PTGFE)YJ-0\-LF;0,VML@)::$`<SU)\9H"XT:]?P%^U/>*
MD0`3I/+YT7#>;%\`LW`,K@2"KJ%#10/O!J9CC66S(.F;:J[AYPX3BJK=Q46U
M^KM&23H'8[Z/]K<>,T$O%>&S?K-\MT)>SYRE.B9ZP('ETJONL+?2MM:0&RA(
M1ILM(Z^/C6_@*220`-ZKKQMLZ!(]VM!26C1R`.**C&YUJKQAU.'WUJRO*JVN
M4J2^V$@YDI.8#J-8V\JT4!)"C[(TK(8VM.(<2L6S*R4,)(4!L%'^Z@F<:/J5
M@.(7[JDA9:[-M`.B<_ZQ)K@5\`EZ`00!O73?2/?.*O4X,ATAEE(6O7\1$"?(
M#YUS*]T<2.B15B5%H4*%4'SI0U%(G6E`GRH.N>B-F^-K<*MBTV3.52T[B-0#
MUKHK*UVJ.U?'](CNH.N3Q-<R]%./*MV'K+LEGLQ(6D`G72!.QK=AQ-PA:G75
M=H=0A()GKY^=95`Q:_N%M*884<Q,..?H#5/AJRS?)>23F0K,3X1K4R]7E6IA
MILYYAQ9T`\/#W:FH@0I3BD6Z2MQR`!S(H)R+M92H3""L0/=%;;"F"Y8,D@*.
M016:.!W3C%G;)R)`)4XYS$[Z<ZVEFE#+"&D#V0$CP%!47N"W$=I8K[H));5^
M$^'AX51Y,6L7"MVU<[,B#(,'R-=%;4#`D:5+:((U@CH:#FQ^T+MA;S5FZE"2
M`E>0G6K3"<!O0^FZN4=DH:A)Y36X"HD['J*8=6(U-!5/,!)TY5G,<!:';`=T
M]U0'+6M,\HG,=#59=-I=0MMQ"5(4"""-Z#.W!<=MRE+8'12N542VDK64."0-
M%#G6N%JEI)`4XI,1"E36>Q-I#$K;/>S:`\A02,/MG;=I)2);W$=.E6-S>N6[
MC;H$MP$N#>#_`'BJ+#\5<MG`A<+0=@K2E7-\AQMY"-UJ&_\`CK07BPNZ02%]
M]!VF,PB0?>*A/EY5F4/][,D@I5R5K]*B83?I25!R"I"1W"=5B>7B`34S$;E"
MF7PTM2@COC-$Q0<"Q`S?7!(COG3WU&WJTXC:;:Q>X#1E"E$BJOY^5:9#G0-#
M68YFA0"AOKK]*&LT6]`=`T*'NH@OG0'SH$T9/*BBTBKJRTMT>0JE%7=J#V">
M6@J58)T]X&D*'=-+<WI"_8.]15([[9\Z<M;<W#N3,$#F33;IE9\Z<MPLGN`S
MX5I&HPWAK"'V>TN\<2RJ?8A,_,T*J&E7,#^CJ50J#T%Q%Z,+BWQA]5C87B\/
M[0E"6,IS)(T@ZD`0=")UWBLG8X5<6F)-V]KA.)OXFP78[1O)!G[M13,`02%#
MH:].MW"+I!6WN-P:@WMUA6%NMW5^^AE+SP:0IPZ!:A$#SCG45YZ8X7NGF;NR
MN7[6T9=<*UV[;:G7&U$SW5P`((TWBH'I+:58X[8.H'<=MIUV7E7!!^5=XXK5
MB#;Z6F[PAJX6%-H#P1($3O&@'3K7)?2OAS]UC>#E=HM:0IUHI`(+O?2H`1UD
MZT%'8+>XIN&2[ASA;M49UO)6HGLP(RIG8$QM6YP3#+I!6X+)BQ;2`$!:022#
M.J3J1ISWJ9:6R,/;MAA]F6VT,!"O9DDF53!UC0`3H!4]6(XBZM*+KL$((T(;
M3F_*:!G%;)I-DFYMRIEMO12$D@(\!U3T^%0;&]6PX%(,).]3G\0[1\6MRF&7
M4%)0H:$=#YQ5=>,-(>'JP`:,0@<J#3M-66)V2V[M#;MNL97$JV]]9[B#!EX8
MP7&$A;!@!)@*0GQ!V$=:L,,2JR6VIULI4J5`$^T0DD:>8%5QQ#[7Q@6]WF2R
MG,3V8E2X$[<R8WH,GB6'`@+]=*4$R0D`C7\,$:CQK'XIPO:N/K?!0ZVVC.M*
M4A).H`V\:W&/M.L+1?IL;JUM7'(';;K;_"KP(B"/K62NVU)>O;5PJ+:GF42-
MB"2J)\@*"9A=G8MX>IRRMG&&T)[X$3XCJ>?Y4J];MD>KM71NP@)RM)7"2$\C
M`$\YUJ*<+L01E:43M[1I#F%V8<4%,*"P84"H@@^-!I[!>`V-ZS]JX+=V]L\W
ME#C;N8$@1GRGO:F-O=5!QY98=;EAVQ0I5JZ@%/:J&<$R=I)B.9C6:J[^WM[*
MW5<L-Y74*20H*,[]:J<8XB<Q*S::]30+9"RH)`@!13&L:F)TD^XT&9;DN)/C
M5T="-)U%4[`^]0.4BKE6D>=$BTX/;#W&V!H5L;M!^&OZ5W;%<#<`S6UT?5P3
ME"B2E)G7;;6N)^CM`<](&"IRYLKJED#79)->FK9*W'5.+"@D@9`1!`Z&BL%]
MG.K[%#UT+EQK1E#:=$'J50)CIY56XU;*<>0IA*UI22@('*-B?<(KHF/=K:X>
M[<6K:5+21F[L]V=:YZEVYN<0;=<)6TM[*4E.@'6:!6&*78$./K;RE6@29"9T
M,SRJ'CUJKUYGM`.\A2A'B15X_8VZ'$I<5K)6E!5[1&NVYVK,Y@RXQ:..*4ID
M*C,=@H!0'YT$NU3V1R]*M6K>W?`#[+;H'):0:K6>^E2YYQ5M9B$@D4$^SPW"
MVG.W1:MH>B,Z208Z1M\JC7UC@UP]VCEEZT^$Q*B<L>($#2G0YG40A(R@:JC\
MJ2I>496Q$[T%0'PM2VD-H::;[J6VQE2!0PN5!*E:DFA=8?<%Y3ULXE)694A0
MT)IC#+KL5*0XG*XV84B=C03,>=*[?O))Z:U%MV;>X1ZA?)2MET1&V4]0>1'6
MF,;OVW4!"`5.J("4)U*CX4+)-PX^AY;2VTHU.;<GE07K=IQ%AR0BUN+?$[9/
MLIO!D=2.A6-%><34"YQ3'&59'.&UE4[MW22*O;:^S-AHSX2:1<.2%&1\*#"8
MEBG$]R5-,88FS!W659U#RY47#XRXR'7FDI*4EQQ*1H%'EUY5?OG-<)(/.CPG
M"/76%]@@A]]92E:E94QL)/GSH.4\26N+O<07]S=87>,M/+E.9A40!`UCI6$O
MVUIN#F2H>8BO0SW!G$V&.*?MN*A;DNA(:-PXF=8B=LT':([M4+^(8BYE2[Q)
MA=ZMH+;=3>6[:O9/4H$\QH?&@X:4D<J+*>E=O99O;_MQ;X#PYBF4Q%NT6U(4
M=@<I&\&*KL0L[&W6&<0X1PU-R&R<J;EUJ1,2">ZKS!.QZ5=1R$`T8`]]=.39
M8$"$W/!MZDY4J)9O1H%>R8R34%S#^%U=H?L+&D!M(*E-W*%``Z@ZI$4T3?1=
M;(2GM7[?,ATJ*59HF!'ZUT%S-8V`NFT`+`(23UY$5C+"XPS""BRMVL82E2@$
MJ=4TIL$ZZ%)U\P:U-_<+<L&"5#VU)$;:)@1\:BJQEHK+?:G-F)4Y_9C4@^/6
MKGATMNW"W$H2),YH^`%4U\KU/#04-Y4K8*$*G<J6F?D(]]3^&)2H%2M!TY4&
MQ`U!&E2$3&AU%5SU];6R4EUU*9,#G0.-8<TD+4ZJ#_9B@NFE*`TYU/;SR`=:
MS#7$N&%?9+4M$[*4F!5]:WC:T(*%A0.U!/4V51J:9<;(W(BGE.`)S2(B9J@Q
M[&V;-L1)</LI3K/NH)KR=3-1'$&"0)`WK+CB7$5RE(93)VB2*DL8CB+X)2XP
M5;1,T%BZD:B-#L:Q_$H4@9@DZC7PJ_;OGEK6FZ9[-21NDR#5;B*>V;6#N1(&
M\T&'4XO(5H)*1N#J124WI*X,P4F/.I5FVE%X[;*V4.XH;@\B/\;55W]L>V4F
M()WU@>?E06]M=!UI"R?O<VI'.I%]B"&[.Z4I6I;R^0W)^`^=4%DE;0.4F0=9
MJ'Q(X^U:%H)47'XT2-DT&1N[A=S=+>4?:.GE30I18=G5I8C7V:3D4-P1[JTR
M/RHJ.#&LT0!C2B!^5%K-&1KSH44#I0)@3!H=*([T![4DD4)$3M1D:?K0)/.*
MO6M&@!TJCB3L35VCV*E6$K]K7I1.'[I7B*-49HWBD/:-J\JBJ5S51UK0X+=K
MM+6[99;)-PA"%$`$P#F@2"=2!MTK/*,JWK=\+H;9M4W18)<[0C/$@#E/^.56
MH>8L;I24FXM^RS#NYPF3\J%:S]EL?OK9#KC;%F"2H>L.%*R#MW0"4^^#0J*[
M^C&K=JX2RE)0D#GR\ZI_2;AYQCA55Q:N#MK1U-R@3[<2"GS()CQBL!Q)>"W;
M0XB[<0Z2$,*MXE<ZI(TV/CI6>O.->)6&AAUVM!M\WWA;&4NQ^$*Y>,1M02KV
MZ!MF';KMT/+42P74'[Q:2GM$`G4$`S'A4KTN8FR,$P]]+)=<)A2BX4E`4`00
M)U]F-1SH^&<?P:X*[#';;/@[@^[<=`/J[Q!)5FW`,`3.]2N+L/P/$L'8?>N`
MJQ2MM*'D+CN=LD'4Z:!1_.@S'`&/KND)L+Q]3"5G[I2E$")C3EH9FMQ;AXW]
MY<WEZFY0D++:D+D94PG?WCX&N'8A;MV=ZX<.N&U3<N"V0RX5*2D*(3RU&T&3
M,UV0OIM<"L6TH2Y=/,!O.K4ZIUCS(H.C8(ZEYE+5VZARX;,-!20H``[`^55V
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M,^UHH]Q4B??0;I=I8<.-)M4H1=XU`=<>4D*3;JT"4)G225#4^=5_$+N"XN47
M=M;/L7SRRXXM"P4O)RB2--SIR&JO&LP;HJ[8^L79+ZBM:E(1)5!@[Z;GWQ2V
M[Q2<H;4]*``D]@C02#'EH*"JQZU>9PM;C^5(2I(.A(*@?9VTGE.]9"Z=1;6:
MDLH`#J(\BN2?@*UF..-MX2^TRK*%*2E3;C0!5!E.W2:Q6+,7:/577DPR^V7F
MR#N`2@_`IHE1;<2^CSJU4.8JMM1]^BK)1YQK0C6>B)LN^D>Q(!/9M.K\N[_?
M7H;&KTX5AZ%6[06M2\@SJVG62:X#Z$%)_;]:E$0+1P2>6H^E=QQ_N6]ZIRV#
M[<MN)3K`)$$_(45"L<>O<1>7:%++2BVI(*3)*NHKFW%N-O86K*GLW;MU8A`)
M`24[J^-:JQQ7#<&>5B=^\RVTTTI7<3WBKD@=2:XQC6+7.-8J]B-Z9<6KNI&@
M0F=$CRH*_%.+,=O;U3KM\X5I40E8,$=<O\(\JUN&KQ!K#<(N;]I:%7+:E-J6
MJ2M`,!7OWK%6&`7UY=K<4T6[-+L%:],XG9/72NV\26WVI@[SS*0%V32'F4)_
MA2(*1_L_E52&<)<#UL`#J*TN'%)2$J3,Z5@.&[N5%(5H=?<:W=G$YAM458.,
M!IO,4D3O`JDN,1MVKCLE+4E?12#K[XK0.OYV`"=15%?VR'TD&03.H,9?*@>8
MO;-T0EY!TURD&EW.&X3>!"WPVM2=MP8]W*J%5K>I6`EJWN$H1D2%M[#S$&?&
MEOI9"F2<,>;*9S):NE!*ARB1(H)=O865LZ7+=A"-8)W,>^I"E)U&@D]*HG+V
MU&5/JU^B5F2FY!A,;:IWFHMFWBKKH=?O2&]`EM"!)\S0:0KR@D:T3I6M`(,3
M3^'6862X^M12G8"CO5-MRA"<RHRI2#O_`'"@J-`V\XXJ`-)I>#NWEQPQ<'#%
M*7?H4IMM22!`!!D=-YJ8QAR[]P6S9T:^\=UC,3L/D:MEB[PFU4]:VR6R3EAH
M).XUTH)+F.IN,B\7P&\:NU9$%25HRG<]H8)`)Z;UQ1M7V/B=XYBV'.YKD%UK
M*I"I0I2N]OK.VE=BLKQQYBVPV]L'5OE8&?,`%#503.T[#>N6<;W6&WG$MN[8
ML+0S:H2V[;@`E!23F1$P8/NH*7@RZ9;XWPQU:W&[47860`9($QW1,FK"[9P]
MK"[DXOAN(^N>LK+3ZFUY`A3J2G*HF!W<^D:DBJR^8N,8OA=8%8W:G&TC/V39
M"DG8&4]=JU&/>I6]YA%IC7KAM!A#32FTA<%Y*Q,@03`S>^*"IO[OA!"<7;P]
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M-R-]JT6!.!O(@`"7,LC80D4%]ZNQ9I=NG@%Z2HKY>58Z_P`:N+S.];L-)M@L
M($1,]-=??72%L(NF2VH2@CO3SJ(CAG#A$L)TUTTH,7A*$8BMT"QN7$,P5K:4
M5)"9B8(F":VEBE%FTUZNZI37X=9!'OI:L)MVEJ*4$9A"LBLN;SC>DO(;;2VA
MI&5(,T%Y?W"DVR<JH*AN*R%\TM_,X&UKC3,.?O.U7]TYGMD)UD"*-EI!:RK;
M!!$;:$4&%QEO&+)\,6O8K)0E256\*0D'<$]1X5#PU_$&KY@J"EYS#F5)E)GG
MUKI;>&VDZLMZ\LM218L`2EKR`&E!3>K]HT%F`2-C5-<)(<\CN>?A6MN`EH94
MUC\:<",P!UB?(T%"0UZZAR1`)*!&I(T(JKQ-"5712#`("T&:*X<6J[>:3.=:
M2MOS&OUJO-[VSJ6SNU,#I.I'QH)#Z0TRXX!T^-:$-75OP@,53?8$^TMT,)M[
MJV)=2N),+Y$#6J&UMKK%+NUPUE8^\=`U$C-U/6!-.N76'7N&V^!MWB$E%VIV
M0TXO,2G*!E`GE0:#![]Q])81P'A;V2`I;-TI$D]29DU)P2UM[R]O+2]X&Q%U
M]`#N6V>1W$DQ^(C3:*Q]JAS!&7ENML/L!<N%ITA2!!&T1YGW5I;?!L=M<5L\
M?>(-A;C.M%MB*5+7D&8@2==2)306=_@_!F'%3N)</\18?VFN9RU#B1UU22!6
M4?L>&+R[#=JY=-%>K;2K->8IW!@)UK3CT@LLM8@P48J2MUY986XB%I6`(7)[
MH3Y5:JXYM[)RQ+SF(6]O<-*6RZ];(`:;"0D)',IS`G32@RUI@'`%XVA7[0VK
M=P4RMM5LL%)Y\JB-\)<+/*6%<580D!1"$APE1'4@C2MK;<46>'(PQZ^OFFGW
M&RX7GL,""Z(]O0:$DC:0127\9MW7L#?8LK-NR"^U5<"Q<;[-&16;,4IB"2.9
MF@YS>\/<.MDI9Q.P=_M%T(!CSIBUX6P5Y)>=QW!&43"4&Z!5YF-JW-Y></8\
MJU=?NK-3K;3Z6K=:U9"YF$*5(DI(&DZ:T^S<8"R;5O#\2L4V8<NE%#BT#3)W
M!WM8S210<ON.'L`8N@G]H<.4@:J4%K4D>'=3)-(<MN#V5)2;BXNU#<6K"@%>
M]9&ONJ/@]IB.+WC5E:I[5U9UT$`\R3R`YFMY8VF$8'B=KA.'-L8GCJS]_=`9
MD6Y3*BAH1[4""3_R)BIQ9W!,-L;"VM.&K!RY4GV7TEYQH&.\XH`)48)T$QS-
M8D^%=DXN0XK#KYQIQ`]59_I#:%@SG49DIT*AW21L(BN.!)TZT#:YS=*;?5]R
M9Z4MSVC'72F;H_<JH*F9578/1AV;F-L)1'8A"UMMD@YG$IE,^^3[JX^G50\Z
MZ'Z.U/HQS!0C4JOD)(/),R?E,U:.ONVR;]Q5V[<9F5QD[HTY&2J$@DSU/*A4
M?%CA=K;IN+YH+$PA.I*B3)@3'4T*BCOL/=:P:U:><2ZNW!27E&.T4V8!)W,I
M(@567N"+N[)5F^T,_P"\:6I/[P&84/?(\Q6IX./VEPI>6""BY=9!:G3-G2-#
MYD1\:Q%UQ'8-73"VWBNY0E27$*T$2`$I/OF#&QH,WB-D[963[3226U#+"=E#
M6K:VO$XQPMB%HX\ZXFUMU!M"B,V7+,;>&]0W.+D7H=0Q:*&=TJ2A1!2H[9@(
M\Y\ZT5N[@_#G"N*.(L%7+UY;A0<<D)1)*,I(ZZP?&@P_!V%NGBFW44A";2Y2
M7&E&2B#MXZP*Z9;INV&5M"U9>?:44)!&8H2-N?PKF7!N,V%IBS>6U;;N`TH(
M7G)S*\CI,$_"M_=HA*KFV:<*`$*3+Q'M<YC:@M<"N[ZXO6VGU'UQIPA.?0J2
M1RZGE\*WBK9Z]M@G)V:VEY%A74:G_'*:YN%.FU%VQ<I6^R"[D=5WDE(F`H;S
ML/TKHO"-^UB#BW0G,Y=VW:!0$YB(WZ'E[J"JP^]<L[[U:Y"E,A7=4#RG37I4
MW$,1:5>J[%(0VDZ'KXT,5OF`^];7UNWE"BE*V>1&VG6L)?XVZC,GL"5K60D3
MJ!RF@I<3P]]KBJTROO7&#-OYNS4YW6W-590)Y:<J;XG=2]<6,<[@DF-!W%42
MW$FZ#*UB6$EQU1,2XKE[A5/=7;E]?L6UNZ5MAPG(E6BE!,3YP3\:"4+=2G"W
MVG>G+H)UIVV6]D`%NM4``D*2!33RWTJ"7RL*B<I,?E3C2'+Q92%R0))5HD?"
M@I^)70JU4L)(!6G0F?RK*XF^X_:633C@"62OLD#4@*@GW2)\R:V'$]@\W9,A
M12>U>"!EG>LYQ!@N-X5V%OB]NEL6LM)4%A0E7>RR-S1*I[80^*G.SEFHENE?
M;`A),#D*F.I44!*@&S/XC^E%;+T'!T\9/J:"2L6ZB`K8UW/BR^8P.P-Z_<)M
MRM@LIDS)!!``W)WBO,N!XE=</OO76&WB[=YQ!0IT`$Y><:&/.@_>OW:B]<W#
MSKJ^\5NK*E&?$T2+;BC%KK'+_P!8N%!MAL0RT2)`YJ,<S6;6YE<RS0=!!GF?
M?%0UJ/:S171^%"O$;%MMP#+;J+0_M'<$^ZNC8$WV;J0K4%&4@C<5RCT>WB6\
M6-HM7=N4RG7\:?J)KL5FB(6![Z#G.-X<YPUQ`MD?^C*^\85U;4=!Y@R/A6QP
MF[0[;)6":M.+\&^VL!*VT%=W:`N-A(U6([R/>-?,"L%P_=Y$*86J%)U!_B'6
M@W:7"KN@[&12%C6-5$U6V=XAT`*4`XDP1U%3@J#RUH)#`*%@P9.Q!UJ6\&\@
M[56H$:"=ZBMJ(B)GH*#Y<C.`1I00'F&2HJ.WE3;:4`@!(`ZT\N:BJ6$%6HH+
M)ZZ2Q;PCVCH`*AO/"WMU/.=YY4``;D\@*J7+U(<4XM0"&Q.M-X8JZQHJ?83F
M*DJ0R,N<@1JL@:ST/3SH-#AN*LVEM`6%ONI[104"D$D$S/2!$4]]I*Q'#K&Y
M:01VLJ*<WLD$#WZU1,81=WAM3<H*[5EL(E"52XD$_"M+@=I9V^(6EL+4H:;M
MKA:`I)@&42=?.@GWY1:.LNW+-P65*2`IMDJ`5.BIC0#?36N'K[+!>)<25C%G
M<I<=6I38+4G*I1,Z]1'QKNN(XUA^*8,%/7I;MF%975.`)*@-_BD*^-<6XOO<
M&7Q^[<7%VVO#4)0$E'?!`0``-?\`$4$#A-QD<:8<^PMYBT%VEQR4J`*4R=0/
MRUJ1B9PA5OB/VLW?*OO67O5U97"D)+B2G*?9B,Y(\151B=_:?;*[G`L04TEQ
M.1*VY;/>$*&^E;WB;$>';SB._M\6QUQ>'(9M3;HMW5*;4H((6H99&8;#S-!D
M[Q_@^W^TD88EQ27K):&2^A9AWM04@3JDY!J>M&U:<'NWK[:+YQ%DI5LO.HJ*
MVT0>V@D<CE&@UFI>%L\$L.8'<7&(]LM;B3>MNK44)'9J*LPC09LH$$U'L,,X
M=?M[)0Q-"[IZUNE.6ZG,Q0\`>R`T&\\SRH!P^S:->D3!F,+=<5:*>9(+B@N4
ME,J,[9=_=6DQJW;Q:SPM;^)>KS<WY[=:4-K)2M(2UKI&\3R%8_B>PPK#;BV;
MP3&%WZU))4HY5`'3*!'C.A\*Z1Q-A5K=V^,6#@M&RT[AS&==LE`MUK@K<"N<
MB9VH,:\ED-N-HN6KPMN.-I<0L2M"%90N.4Z$=:/!GB%L"=.U/OH/<-6>%^MA
MF_;?N,UJEHH4E*@7%+S)*02#`2.>DU#PT.>M9%`@A4"?G0=6L'`<L&16CM4M
MK;E0'C6#PJZ(*4'PK965P@(`*MQRH$7ML@`J36=?5+X3.HV%7N+X@PTWE2DN
MND0E/,FLXRZ'+EIQW*DJ$D#84%@^H)8$CWFI.'.9^Y$B-J3BH9&'AU*P5<QT
MJKL;Q5HEE0@A43-!L+=MN`,NO.G'B@-D[=(IG#<3MKAO(H9'$Z*!Y&DW]RB"
ME(&QF*"BOUPHB9UK&8PK-<9`K0G7RK28DX1FV/E64O05++A!-!D\76XQ<I6D
MP4QE.\&/RIK"<+O<9O0FV0$J44I4,T03OOX:UMF,#5?V7K4MA*QE@\R-JL>#
M?4<&Q!:G''UW*@DH]7MU.J23H8T@&.9ZZ`T#^!\.7/#6-X6T'\/O7\RLK:;Q
M`6593&AVB:Y3V;MEB0?4;):[=W,H(ND@*(.H"I_*NUXP+:QXEPF\."WUM:-!
MQQ=R\RXKM%Y3$F"3RY#RKB%H^W;8E;/73;C24.!:P622GKH>=!>8Q>3AJ4IP
M-RU7<($N=L,HUE0`Z$<C&E;/!KE[!<`P/UO@[&NQPX///7`0,H[5)EQ/E((F
M*QF+XM@-WABV+-Y3EV\D2VM!//63M(`F9K8</\3<-'`L$8Q''''70'_7,R5J
M25.)T"S&J1"1[ARH%M>D/AO/<.NX/B2'4Y$A1;"E7B$ME.5P\M3/.G$<:<&7
M5ZS=7ESB"0BQ2P&EVV<-+![Q28,J,`=(%$FZ]&+SMW<*<L@N$IN,R%)#@#9D
MLIZE4;0:E.IX*Q:[LP]?86;%C#DI81VO9J;45$JS@$:`<MY)-!%;QOT<+MVU
MEVW=?:M4(/:VI`4))4F`D]XSR\-:/`\9X91PS8X,.(VF'U88^TIP+)[$J5)0
M0=)@P)Z&*>N\#X7Q"TM'KN_5<&VLD)##5XD]F@DRH$D;:;]-0:7@N',7/!EA
M9AFR?OG<*?4TE]AN5:]TJ($Y@DCXT"L&9X+PR]#N$XS9,/MVZ^S*;@YG&BT!
M#DGVL^HYZ5C_`$@!^XOL)0K&F7DHPUH.N)6%!2Y.8F.9,5I,,]'6&6=XEZX;
M%^&VERBYRY7QV06'$`01"M.>]8_C^Q5:/X5:L80U:AW#VGW6VEJ`4M4SS\(H
M(B[R^M\'5;89=6J672.V4DI+JSJ-=)`WT%:-CAQM2N'FRUAXNS8!]:$W!:>N
M%*G\:8UUT$\JY\<-<:MA=.X1<!A6RTNJ"=XWUYUN+%AAIC`7'&L30M=H%%YQ
MP.A$SE"00.[X30,\9XHX;9^S-IZL4I2R6EHE20,L0KIITGK7/XU&M:WBUYVX
M0ZMR[-T&G.S#JDY"1`@023U^(K(@DG7I01U&5JZR:8N]&CRIZ943UJ/?&&C5
M17M?O$^==Q]'.&DW!Q-=MV;5I;$-+4?;=7W9CP!-<0M0%OM@Z`JUKOGHUN;A
M6$7[5R9[%3*4D\P2H_I2AU&*(ML8Q"[N@+CL2IAJV4F4J3F&A)T3$3XDT*L4
M6MQ=+@8>AQPI"@ZXV"XC?0=1YZBA452^BBU?ON&\5_I:T,I*6%(;$N=Z2%3R
M$%0G?;I5!Q?AO#^`/6:&[MY2GU$KS:J:`(Y;G0GGRK+\-<?8KPU88G:X0I+2
MK]"4*=4F5-Q.J>4D$B366NKUV\?7<73[CSRS*EN$J43YFKB:U]WB>&KN$_9C
M;ZT-=T./A*)'0)3L/?36(8IB=UAB<*-^I%@E68-9!O,@$[D`\JS5M<LM[J(]
MU3%7UNI(^]'OTH(PL%9^T;NH4#,Y2(^==1X0XMP&QP-6&8\X]VX!^^#97F'(
M:;^1CSKFZ;BW*='4_&D+4PL#[Q!/G0=#Q/C##';5;>$6"TN@PFY<`02.N4$[
M^-7OHFXS:P]]5KB5REE:5$L+4KNP1J#/C7)&EH&@6GXT'DA2"`H&>AJ*[GQ+
MQ;@0;?%Q?-W+RE%20TK,9YDD;5ST\1I"WG;<+)6,HS:Y1,Z$\Y&]8$!05%6%
ML=-J)+I[$;_$[@K0RPL-J45$DB5&AA"EA"V[XO-:^TE,_E1E)(D4265D=T>\
M\J*7V^1P`NW"D$^TE)&D^/A20NY6HJ:O#DS$`$&0*;>6BW&9PYR-M:B.XB5R
ME``'C1%PE:@4J-TLY2").Q%'B>./7[_:8A<N7;B9(+IF)WBLWVKB^<31`&9J
MXG2U.*/9LK02E/A4-U]Y9!+JC'4TSE)VH&1O1-.MYWW4ME1*=SK5J29W,]:B
MV;79HS*&JJ?GW5&H6=9G6*BO(,[_`*U)VU)$^%-NJ2A.<G0=#O108N%VSK#C
M3A0\VH+2L'5)&U>AN#\4;QK#&+Q(`*]'$_PK&X_7R->:@5*65'??^ZNB>B;'
MS98V,,><AB]A(G\+H]D^_;X425Z#M4EM0R_\JYUQSPZ<.O\`[3M4Y;6Y5/=&
MC3AW!\#N/>*Z-9+#@$[U8N6[-S;N6UPV'&7$Y5H5L117!/OLH6VK*ZG8?XY5
M?87BS=X@H7]V^@0I!W\ZF\1\,O80^5-E2[)1^Z=.I0?X5?H>?G69N;0+6"H*
M:?1LM!@T&WM+IMN,R9Y33UQ=AU)U`!Y5A6+G$[9$I*+I/11RFC..7Y.08><T
M[9P$CWT&ENW\B3!$G0"LCB>,_P!(6PP<V0PI0U$]*8OW,2NE97[A*$$0I+0B
M!TG>JN^=:L;0EM.I[J0-2HG8"@9Q'$B5VHN$'U)Y\LJ7/X\LB1S%&^U<6SV9
MAUQI9YH,>[2BXKPMZRX-M3<JRW+=XA:DC=!*53^E3<*N48EA316!V@3EGQ'(
MT%C@G%^-8,PEE335]:`DC-*5IDR8(_45>77I#2MVT<L[932H<0^+A,I"2!$*
M3XCP\:Q*VU,.$I'FG>DAUM*RA:<IWVW%!N<+QU5_9N^JX?;VKN?5PV[2RGF%
M!4:Z]:QW%M[BSG%;MF[B)2AS(X4I2C*.Z-=HHDL-.)4MAQ;3J@4YFS&81L:B
M/M%+;@O&@\I#00TO("4P9@Z:^>\:4%7=7;^&W[B7&[:\1D)2EUA.4DC0F!K%
M7^.84C$,77:6EE8VJDLL.A[*05!8`RP--S,]*=X5O;-=MB;5]P]A[Q:M'7V%
MJMS/:2($SJ!R%*O397SUI<OIM"NX1WD)4XD,PUFA(S]1E@QJ:"BPWAYYQ6'N
MN"V#-XM"!W"K+GS1H=)[I\JBIP!^Y2U=!AOLWP]E+4@`MI)((Y&!M5ZYAN%K
M2U;M7*6[DXB;8J"UEI",DA422-3O4BPX=7<X>R^S=%M:''@[G>5E:RKR'03O
M,STF@R.(8,[A267+IHH[49DY'@2-`?=H16EQ'!+-JQO'F+C%%$6]L\`\^%)>
M+A`RZ0=)YTSP^Q98K>XG;XL5W"+.S>=:5ZP4IS((`$_PG\JN<:L[U5XXUA#2
M%-JPVT0^%N#0Y5.)2A7XHRD@^%!BUX&^@OE?:6Q9"%$+,DA3F21Y*W\JW]@E
M+O9]ID+[#RVG2.:P8)]\3[ZS6*,XJBQ?O7<02Z#:6CBAD@PZHN)'F""3UFDX
M)=W3B;B]4ZE2EOYW1L2HZYN@H.CVS&16<#0\ZL1>=@VJ9$?&BPT!ZQ9<CVA!
MIR\LD]AG`V4)/*)H&F.]F6X?OEZ`G\(Z57O88IU7=N7&UH/<`2(\CU'PJ"_C
M]G8W9M[A+Z5!>0'LS$^=3F>)<)5[;JDD'\:"#0%ZMB]X@V:U!EOF[N8Z`4_;
M86XVXVEQ]QQ#9GO1*CRJR9QW`>R[15^PF!!DZ_"H#W%6!(5I<A>NR$$T$]Y*
M@0XT0AP#0G\0Z&FTWA7F0X"EP>T#5+B'$;:K=RXM+.Y=;2`<Q&0#IOO5C@;J
MK]IMV\M.R<$Q"LTB@1<(4\O(!H=2:IL98##,Y9/C6T3;H+A[-.@'PK+<7Q;V
MJEJ.D$R:"O.+,X9@:'%N2TACM8G=4;3UGE4O@'$%)M;R[9(;O$7"T*6Y<(0R
MM,:E84-0"0(%<GN?NK8J7G>2L=LM!'=2D_D3J?AUK:\,8WP,A++V*.VURX@K
M1D6V0I*22<P)!2#)YT&[7BK+_%MBI&*MK+=J^XZW:+6ED$(5_$8/F!%<7PI_
MUK$+5NZOG5,N$=IGN"D'3F9_Y[5VIUJT<QG`V\-Q##GK*XSJ4TMBW6I*0F8/
M9@].<5QY[$;C%\0MK9]5N6W70G[FS:!@G2(2*"ZX@:1;X47^W943E[)365*D
MA72/PQ,BM[:88UC?#^%^N6>',.XA:OK>["V;2X-BVEL\E9?/G7-<7P5FVP]^
MY]38:R@%*T(S;F!/63S_`.5:["N&L+Q;!<,O&<`:MG;_`+<(6EQS[D(0<JQK
MJ24DQSF@?5Z+\-4NY6WBK@:V2`RVHVYR9CVA^7+>FL0]&^'7-\W;V3C]JAJR
M;67.PS^L.*),@Z#-&XZ98J"/1Q>`J0U?I1;701V>;M4EQ:DE4+2%0(C?7>G+
MKAC%FKBTP["^(KUNY]0[6X[1]PA2<T`(`Y<LO03SH$WOHX2MMAZVNK"S:-NV
M%%?:`+<()DYCIRV^&E/89P1AG[,-8MV#R[Y6&J?#;5W.9R8`"8'=//6DJPOC
M5=K;?9V.790]:I2ZX[>2%$DI2D=T$#0[[`ZFGL*<XA/#=OC*N);YGLK!\*0N
MW;<0V$&,FFIDIT/**"-:<`8P;]VXQ#%'VD(:<S_9SNK*PD*[.#`@@\M)K(\<
MX:[A>(V;"\4Q2Y#EFV]FN0"I`5,)'>.@BMAAV)>D2YN&F[S$VK5I]E2"IRU0
MYE);S0M*=0HI&A/*L;QO>XL]=8?>7V*6UTX_9(6V6F%-A+<G*"#SWHB@0FX2
MW/KC@00)*DF)Z1-;W"KG$&<2X??N<6M;D-V8RI=:4E*408;5'M3L3XUB_M3&
MGL.18K4RJT;$IEL`@23O$[DUL+2]OKNXP-ZXPID*79I9MD-][.!W0HC0R=3%
M!1\1H?0N[]94V'2]G6AKV"I6LIC=,$16<![U;+C5E"&6SER.!9SH[,HRJF"#
M(DG3X5C![6]%,$G,8-1K[]WK3X]H\JBWQ[H`JLHMM(>1E)!!D5Z.X.638W=^
MML!;CS"RV(@1F,".M>=L/!5=-@&#.^\5W[@E+3&!7J3<AT^L-I+@5*3W%98T
MTTY&E6-$"\S=JN6WUA94H%9RIG4GD)/.A27[AE=SG1F2WHI7>C,HC4B-O[C0
MJ*\LT*%"M(%"A0H#HJ.B&]`*.:*EMMEQ02/C0$%*F`3\:EL6UR<JENEI)YDZ
M_"IMHTPP`XIC.HC3-RIF[EQZ6RJ5#V>GA4$MARUM>\MUQ]0Y+.GPIJYQ1QSN
MMR$U%[%1G,J2*'8$:BB::6I;ADDR:)*%:Z:5(2T=-#3B6Y!TY\Z(90GW4Y&F
MTTX&\OGUI26R3K%%PT0J)F@V0E:5+22F=A3ZFS,S2>R$3,FAB:E86D*292>8
MIQ0D#I5:@K8)4V=.:3SJ:+IHMYT@YMLO0U&BU%*!*CW?#G5>ZI3BCF$`;13J
MLZU9EG7ET%(4(D1N*)3<`"1L>72GK9:V'D.MKRK20I*AN#R-!*92)Y=:#B83
M(/NH8]1<&XLG%\)L\22KO.H':#^%8T4/C^=;=DA20:\_^A7&8?NL$=5^\';L
MS_$-%`>8@^ZN\V!.0314IQIMYM;;J$K0H0I*A((\17.^*^%UVB#=X>A3C")4
MI&ZFQ^J?RKI`@[4%Q$4'`E*A.9&E-ZY9@DDZQ6VXMX9=8NGK^PMRY:N=YQIL
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MH@B0M!_VA0&EV_;4ZI&(@%Q"D+/JR)4D[@^!I_[1QD$'[1:/<2V?N2F4@0`<
MIV`)'OID$$<OB**`30+<O,1<94PZ;5UI0;!2%N)D(!"!Y"=*D6UVI&'JM/5&
M6?O0^IUIXDJRC0$$:C?XU$((Y5(PY62X2KU=+H'M(5I(^M!V+AFY2]8(0"-I
MCQK1M)2];/-G?+/O%<3PKB&\L,0+CI)3(2I'2`!^E=7PK$F;DMOLJ!0ZGD=C
M04/%F%(O#VJ4)[1$*U&A.XIO!,9MV3DQ.T8=R`D)<&BB3'0\JT5^$E4<AH:K
MSAUJ^=4>-!;L77!Q2TI=A8YD9N]D;B8UY_G5/B>-80+98P^SM20Y*2R@*(G>
M=('QJ;;8-;MJS!EDJ&H4IL*@]=:EW-JE<%XYC`T"0D>&@`ZT&)P^QN,0NDOW
M>;*G5*5?A$F/SK>8>VE*D`)@`14%"$).5`@;59,J2T@J)Y2*!2G`'#$@17.?
M23B`;M%-!8!/=$?X\:VE_<IM+)VY=4D0-).Q-<LQ2V=QZUQ&Y45E"1+6FY29
MF@I.)[==C:7%JFZ0%*M$..(*M3K[.GEM7/P2#H36RXPL7+/#;;M2_P!N,H=4
M=<P4)U]]8T"K$6>`8O<X)B]KB5N2>Q<"EM!1`<3L4F#S$BMCB6*8-<7MR]A^
M#VB+9QPE@-EU!0CE^/0Q\ZY[&FU6N#OW#@]43?OL!,J0E!T\:4=)OEX(<+=B
MWMG$(04H";YR4D<@"K4^ZIG":+.XX=9N;W$7+135\TVT!B;B"TW("E!.;3<C
M:L(!B(`*<9>D?Q(_OJ,MJ_1)^UO(%LU%=F^S++UNX3;X_BB7W&R7[1G$PM;H
MSY0O,08[NL4\RTMA>')P_'\;>MBIQ@7*76G4-)02!H4;DZ`\JXNV_B:4@"^M
ME1_$R?\`[:-%_BS.7*Y9RGV2E.0CY"*#MJV<15:E*L;NT,H#C3C=S9,.0EO8
MCD3)G,>50>'F[D-(MV\=LTL6+SV',!6'Z/M%`4286"53RZ@UR1K&N(6"%-O(
M[I)3%P1E)WC44_;\2XXPTVVAMX)0[VP[*Y/[S^+4G76@ZUA]QC3[;-P;G"DO
MNH"G6%VCJ5*23V*'%%*B)"9.4;>-8KCW#U%C#+IR\PQ#;*%8>VA"'M0T2),I
MJC/&&/H2C-]H(*5YT]Y"A,S_``ZB>6U5^)\0W^*VS+%\JZR,K4XD"V3H5;F4
MQO3$+88+UHAM+F$B9,EY25CGKI'E6NPK.4\/'U-Q20@6H#CJ'$]J9.R22!WA
MRF:P*;Q3;*V$7"@VK4AUA0DQU@U?X#B>'-VUA;/7S;#C-TMU2]XD@@^Z*";Q
MP5N!;RW7\RG0%-.ZELZ@B>>V]8P'>MEQ5=V]YA3;ULM"T"Y*"1J2J%$J)/\`
M$=?^58_9"O*BHX\IJ)?D"`*F)/A4"_\`:ZU61X2,UX@ZR)T'.NX^C]EUSAW$
M4I96M7K[>C>NS9Z>=<-PR/6TZE/C6UL7;Q"RAB^<;V"E!PMC0:<QY5&G8/5K
M@?\`L=R#URGZ4*Y.WBN,89B)M[F^NRJ-4BZ41UWFA0<Y%"A0K2!1T.5%0'14
M<T7.*`598>SW<ZATJN0)4!UJ_MDD(2!M-2ATH'+;:*B7#*A#B2<Z3(-62"")
MT--N)S"-=:BH+0[1LJ'O'0TL)THD_<O_`-A1@^!ZU+*,JIB:)$5`V$&EA`UI
M[)RVHP.\8HIO)`V^5#+$TY!BB@B@;4E68T41&GOIP["#1$!*9-`V="!$D[48
M2D".7Z]:4.\HGF?E2E"-:(;VFC@1X49@Z\_RH#Q]U`(^%-KW/,4Z2`(_P*:7
MFH+'AO$G<(Q>TQ%@PNW<"XZCF/>)%>O+!]JXMF;AA4M.H2X@]01(KQBT86#,
M\Z]->B/%1B7!ULT52[9*-NO76-TGX'Y45T-!I>]-(.@%.`]*`$:>-<:XVQK!
M?M:[8N++U@MK"!V9"$^:UI!4),P*Z/QKC7V'@+]PB3=.CLK<`2<Y&_N&M<*3
M:FZ;;5<M,_>F&DD%!7&ZC'(?,^\T&RX,XJ;#WV;<V%C9VES]W9NVRI3G_A42
M9,]3&M1,=)%\M"P08((/6L#?6-L7%E-XEEQ"25%9)3FY)"@-_`_&M-98HK'L
M%:Q!87ZY:$,W14-5C\#D\_X3XQUH'L"R^OV\^T%9?/2J7TIVJF,1PV\0(+C&
M7,.90KZ$5<8<0WB#+DZ!U)^=3?2I9=KPXQ<I3)MKF)_LJ$?F!09!Y0?0AX1E
M<0%"/$54W""$J',;&I&'+[7!V3KG964$#IN/SHUJ2H:B3SH*QE:`E05I!F>E
M$^@I&H!!YB@\@(6H#5/A3"'TA(9=U1MINF@3GRJ'.IJ'@0.8_.HC@2)`6%C^
M(41)$1N:!C'6TKR+@[$'Q%9U2<BRD\JT&(.%2F43H9._A5%<0I8/A5B4V"H<
MS/@:6''1LXKXT@#IM0B/.JAU-S<)F'5_[U:K@I?;W#Z;JY6@.#LDK(E*2>9/
M(;5D!O4FQO+JQ>#]H^MIT`C,GH00?D:"TX@OWD8U=]DZ,A6%1&Q(!(^,U:\*
M\7/X>X+>Z60RHZ*3^$^58[<\R3[Z4MM:"D+0H$\B-8\JF&O1%AC#5[D"EISK
M$B#HKRJVMEB9Y<JXEPQB5X,/`*"XQFW_`!((.X/*M_AG$88R)O@4@[.9=%?0
MU&G1K9D+'=69W/.H]VDHW5/OJJML886D%E\&1.],7>,6[0*[AY".>IH)Y4D)
M*B=AO4:XQ1EBW6^\L)0-$@F)K,WO$(NU>KV3*W$SN!`5_=08PR[OW@[?JT'L
MHY"@CWSEYQ%<!)S)L@=!L5^/@*OF+!NVLE-MH&B(`.TU9V=@E"$H2@`14A]`
MRE*=A0<8XM;QW$WW6&T7+W;!/;`I"6VB-DCPA*8-<Z`W!%=TX_Q-&%\.OMM$
M)N+G[I!&X'XC\-/?7#2GI5B44;ZBC0M;:TN-DA:3(-$8UZ4DU1KK=_M[=MU)
M]H21T/.@H9@03650ZZA$(6M(\#3@NKD;/+@^-3#6C"$QJ*,MP=%*'OK."]NO
M].NI=J]B-RHAA1613#5JI#G)0(GG363^)L'Q%1IQ8DRU,;PFIC=CQ$L!2,(N
MUI4-"EA9GX"H:;R-SL![Z&4`0/B#3;[>+6Y_I&%W#?\`KM*3^8J*;MU)[ULI
M/QIAJ=F4DZ.+'^T:=0HD:N*\BK2JK[0W!:5[Z4C$F09+:P:N*GW*U!&3,8*I
M^51U_NE3TI(N47`)0"`#S%*)E$<IJ!I((UHD=DK,ERV;<UW5,_(BE`0??3*7
MD(6H*6)G8U4/]C:A04FU"3U2M0_6I/;`B%(<B(_>_P!U10\VK9:?C3H6@CV@
M??449+1459G@29,*!_2A0&4T*(H*41RYU,1A[JA,:4^SA2UR>\4IB2//E6M%
M9&OG115HYAY"ONE%2`)DIB@BV2E!!(S34U%4=Z%3'+9:EE0YTT;9P*@C3K-5
M2&-74S6A8]D'>!5(TRMMT*5L=CUJ]:3E923NK\JE(6#"9DZ<J`&LT/D*-,'E
M\:BF7FDE!GGSHK9>=!!/>3I4E0"AJ>514@-N!6X.AH'H\M:"1!&HI9`Y4D[C
M6@(^/6D2)FEZ1IUHC,`QI0$8(!BD$;;F#-.;I\*1L10*&7=,125JZ[4-&Y(V
MYTEV(%`D[R*4)$Q1A,^=&E,<MJ`XD="*:5.PWIQ6T\Z028TWH&]CM74_0IC8
MP_'G,,>7#5^@)22=`XF2GXB1\*Y=O^M3\,N';6Y9N&59'65A:%#DH&10>Q&U
MS4A!`!4H@`:DG2!5%PYBK6-839XHP1EN&PHI'X5;*'N,U8/J%R\+$06X"G_]
M7DGW_D/&@YEZ2,/X@Q6]:QJS<4+&V3##+9(7EF5.>9@&.D5@SB=_B5P7<3>S
MA*<RW'V\P;0.FGN`&YKTA=M)=:((KA_&^$/X9CQ:PMUY+=S]XXVT82A?*>DB
M3K`H,M>%B\:.2Q]792G,CLE$]F#/M3H3UUZ16^X3PUIO@K#7DMAT'ME/!(_>
MH4HA0'C`!'BD5CF>R<]8LG+<76=0#SK!@@I$PD[*ZQ$$BM]Z,W'%X!<V"B@I
MLKDI;*1!*%#,)'(S-!DWV'+&\<MUD*+:@4K&RT[@CS&M;3B6R-_PGB;`&99M
MRM/FGO#\JA<686`SZPVF.R$".:"=/@=/(BM%A9#N'M9Q*5-)!GF"G6@\^X"[
MWKFWU(6C.D>(W^1^52Y`).A.U076CA/$:V%Z=A<*:5)Y3'Y&IEP@M7"VB-`=
M^M!4WS2DJ%PR.^-%)GVA4/.EX%:=#LH'<&KQQ$QI[ZJW6FT9EA("B=2*!")$
M=.=&Z83H>=)DE"%3.NAINY<`9S<P:"(XKM+E(G1(-5B]8(\?SJ<P3D>=.VPJ
MO_"#5C-%O0I:4#\1R_G3J4@)[H'G50AIE;BH$)GFK2K.WPZT`"[BZ4Y_8:$?
M,U7**4[G6@B[6%!*>NU18T"'66$J]4MVV$I$%0$K/O-4]W)*G#[1YTXFX*@&
MQ$#?Q-1[HG)$C6BUL/1DE%RB]ME@$I4E8GH1'Z5TUNRMU-!I3*5HZ$37*O1:
MM3?$#S2=G;=7R(-=B8;A4G:I2*)WA6S?42TIQA1Y(.GPIM/!MFE8+EP\YX1I
M6L"2-8WITMK@'*1151A^$VMHJ&6XCG5Q;V\D1%!#*B8B`:L;.W(,D10&6PTT
M3&I&]0U)3D4HP/.K*X0I:\@B*Q/I3QA&!\.FV:5%Y>2A/5*/Q']/?0<=X^QG
M[7QIT-+)MVCD;UT@;GWFLMY32EJS**R=Z2=.?NK3)!GF*$ZT#L)H2)%%!)(.
ME+[IY0*0"8BAN*!66.<"K[AWLTA2E.PJ?8$=[2J`+5UH2)UHCM&&X=:VUFS=
MIME/OKUEU&9*/($Q\:O+"ZLG%(5?<1J8*5`]DALJ$#<0@1\S7&L)XFQC#1D:
MO"_;G0V]P2M,>$ZCW5ON'.(>&\0["UN6E6UTLA*O6W\K<[=T@`'WQ4Q=;W$V
ML`NK0/M8T7,@*DH4E3948ZP>E8V\MV+HGLK>W:)_SBDDJ_WEP*W5[PCB`8;^
MSVTI;.IRD)$1I!U\:Q^*X`Y9/Q?K>4OV@EM*EG0_Q*@?*HK&8[:&W&5]3*RK
M939"ORK'W*4@F&R!UKH>+M>N%:&K8Y4`JS$Y]?&-!6`Q(J0I849\*L2FL.20
MVO\`UHJ8HQ%1,/'W$_VC4I6XJ!(U&U53Z2IQQ0_BVJU`C;E4+<J']K6K$J!M
M-"2#H:D.L+2)RZ=9J.4D22)BJHPM7)1`\#0I&NPBA4'J&VP[AC&_6+K%,"?9
MO$)SK1;N=FVH"`8@=TB=B!SIN_X;P"YRMV&'W#3P(#7WZEDD`G;0;`G6I3=I
M=X-?L6]TR$+Q%9:45GO)!;41[R8^%!U"G[8]F%2M!]E12=01N-MR/?45A[KA
M[#K5_LKZR<052!#A"IZ`)41SVJLQ+AJVM+8W*+!U*5)E`<6==8G7E.DZZUOF
ML0%IQ3:7C7:K4XAEMY>120E0!2KVHF9Y=!3WI;N5-WN'*)^YNK1;;@/.'`0?
M<8/NH,7PW@?#>,8&Z+S#'F+VRN6TW#C-PHEQI<C-&P((Y"J"^X91AN*7MHX2
MDVSJFBHD00#H?>(-:GA+B&UPMJ[LW['MF;M`9N%H=RK"`O-F&AU$Z5T>YX7P
M/$L8N[BZN5I?MBW<A2H6R\SE`2I0(UC0F@\ZXO8VC3+0MEA1[4`PJ8&YIHD2
M(T`$`1L*U7I)Q-NXQAO"K18]5M)4`&THDGG`YQ'QK(C6=_C0*&X%+2)22*3K
MOO1@Z?K0+(@$[Z"FW$R(,1'*C602:&\\]*`-**DZ\M#0,Y?+:D(E#H&R5?G3
MA!@Q0(&QU&]!6@HP#X4"-/G0`[$TA7LTL@$B!1*&D"@3]?C3)A!"3[)]GSZ4
M\(!\]Z0YWP!I1!@0`3SIR-]YIG,Z1V:0@K_B5IIU\:<;;[*05%1.I).]%#WD
M132YS3.E/+&OTII?4[?E0%`.U/-0%"F@.<TZGD)H.S^A3B#LQ>8"X96K[^U!
MZ[+'Y'XUUNW2&5&"2HG,I1W4>9->4\!Q)_!\5M,2MR>TMW`N!^(<Q[Q(KU%8
M7C-];6]Y;+SL/MAQM4\B*"Y*L[<CG7`.-<55>8_BK8E+!=+*XW7E[H)\`1H/
M/K7=6UY-SH-3Y5YXQ#L%)7VQ4+]3BENJ"IA!.W^O&I\/$4$1&&7%G>6S%ZTI
MB[>6E`MD&%C0=]<\SH8.XDZ5N_1N^S;\0XW8V]R'[=UE#S2@,IE!RJ!'(]Z>
MA!FLE>/6BE!U0[22&V[B"5C2%;GO)&TDST/(*X?N7,!XEPO&;A(&'/N&U4\G
M0.9O:5[I'2-!0=CNV6WFUM.HS-F0H?V3O_CPJ)A+*V+86KOMM2T3U`.A]XBK
M*X1"BG>!&E1;<_>&9D[DT'#/2?:&TXNNU90$OA#R2/$0?F*B73G;,6]VF/O$
M@JCJ-#^5;+TV61"\,Q`#125LJ]Q"A^9K!X4LO88ZR3):<D>1H%J.A.X(J#="
M4R1OO4M).U,7*>Z105_LI@;$U$Q%10T?$U->0"RHS"DFH=ZGMDL`$=Y8GW30
MJ$^"S8A!]I6XJN4[&C>I_B^E/XM<=L]V23"4?G4,"K$*2J%3O4D.&(J,/C0)
MJIAQQ9)THV^XDK/M$=T?K2&D@F5>R-Z6"5KUVH)=L(0#M-(NE;)&U.I$#3:H
MSQE6U0:CT<+R<661',*2?(B*[PTC*2,NQBN!<`?Y36NL'4_,5Z$;5;M`+?>:
M;Y=]83MYTJQ)98S)]DZ=!3PM5J,C0;5)M+S#%,PF_LYYQ<)G\Z=]9MD@Q=6T
M=>V3]:BHS-HK-)&U3F&BE!VD^%--7EJ7$@7+!!_[0#]:F)4Q)BX9//1:3^M`
MP[V%JRY=/K"4H25$G0``37E[TA\0GB#B"XO$N$L)[C*>B!M]??76?35Q*FPP
M=K!;=T>L7H)<R*'=:!_4Z>4UYZ<.=1DU8E)F!.D41.G*A&Q$ZT4'K506LS0%
M`[4($:FBBHJ%"@.3$4.5'KR%``D\Z`M@(.M*#B@(.HHN?G1&1I0:SAGCOB;A
MQ(9PO%GTVLR;5U6=OW`[>ZNO<*^D3"^)V%V&.8TG"KQ21K<L!:#!U[-8Y^"A
M7G6EH5'M'2F#NO$3]C;W3K5MQAAC]L20A2D02/&!O7,<;:M7,ZV\7LW5#DGG
M5$;ZY<2$%9*1H"H2?C4194I7>$$\]JF"RL@`R((())TI]S<"F+&?5T?XYT\X
M1F$]-J@1)C0ZBHJ4*4TXL#1+D'WBI7(TVAMY.&..Y%=DM\I)C20!I\_G51K>
M%V2W8'&&;07'V<\$.-K1G0ZE0.9)]VOE/2KB_P"'>$<<+=W87R,,2I$J96<V
M76!KXUE<!><82@@EM3D@+2>ZX.:55H,&MFFW[FX+0=2RA)0TJ0E.94$J'XDC
M33:5":C3*8SPPJV=<5A3KN(6J#':H94-9@CW&A72K:]0N+B^Q%Y(;5D0PQHN
M(Y;)2G6A5U&PO7KV^L<3Q3$G2BZM<1MGE&)[-(D"`.4&KR[;3:72F4.]LA3D
M@E,``Z_K7.^#>(_7;/$,!O0E+5U:]FTO-LX)*2HG>2(]XK7NW[CC5G<+9/9/
MVS92Y,DF,IGH9345S]BZQ-6+*%VXI0-QE[^O9J*H$=!X=*UWI)6W<X3@MRM&
M8A3K?EW4G]*HN+;=/VG8W;-PG.MP*2@B>\"`(\S$G>M;=VB<4X:N[#N]NB5L
M%6X6F2(\Q(H.-H6ZY=,AA(3<%80CHKH/>-*[)P5Q5A]SP]9)N%I;O,.);>;<
MT[6U5((!YY9KDEK;]H_;-I24/NO("#!)2J1J>D'6H6)W=Q@[E[V(2V_=I=9(
M(!`2LD+B>D$>%!6XI=,WF-8A=VZE*8=N%EI2M"43"3\(I#6Y)J,PD94!($>%
M2DQD\]J$*23EC;6DG8"#-&?:`/(4!R_.@+2:4(4#2!(/C.U*23SB)H#5.OA%
M.B"GS%-*`.HYTIO:-=#%`"`!X41U3%+(T&@ZTDB-10")'*(I)&VE'H/&B,\N
M8H$F9$4A4`G76G(GE2%CGSF@),DI()!'/I3X[R9Z&".AIE'*EF0<Z!YC^(=*
M`P(--*B3`]U/$A0D'0B1Y4B#0(1,Z33H`Z11!!$'E3B1Y30&CD#RKL'H?QY2
MDO\`#SZR<@+]KX#\:?F"/?7'TS.E:7@&_&'\881<.*"6U.]BLGHL%/YD4'HR
MX?4FU6XG524*(^!KA=UAR4,C%$=JW9`H*DDRZVM6H3KUY*/(ZZUVF_"DV=TD
MJ"8:7J>7=.M<2QAQY-PVRE05;91V.0YD/H/XO',=QRT&D4$H!KB#$&D+[##W
M0V`@MD*8+8!.G\*M#OH3KI-5.+I>N+)VW[Z&&W`ANW4"2TH[*\SK/6?A-<MV
M6[#L[(2X)5=IYH`.R?XD`[G74:Z"H;C[*,/N$.K5ZZX@)M%3LF>\#YB0GW]:
M#J7`&/#'N'K=YUS-=V_W%QXD>RKWB/G6D",KLQI-<8]%F(MV./(L0Z<N()6A
M:2-$K3JV?>`H5VY0F"(UH,9Z7++UG@\OA,FV?0Y/0&4G\Q7%.'UQ=.,G9YL@
M#Q&HKT?Q1:>O<+8K:[Y[99'F!(_*O,EJX6;UEY)C*J9H+56BR.4TV]"DU(O`
M$7"HV/.HQ(H(ZT9D%,3*8JJN5%JS4[S0K2>1-7:82H`^R?E5#B8R6K[9D=X1
M\:#/R5.*),F:7MI24CO&E@3STK2#`.68%)WI8)($:FB">0/*@,$`1K%.,QFC
M>FTC0ZBG61!WHE2M8VTC2HKIS+RTZMY"$P""?RJ*7LRB4@GW5$AP/.,J2XRZ
MMM8V4DP:-3[SI*W'5+4=RI4DTRHR)*2#1SH/"JJ2AP[4"XOG3*"I/2:49)WH
MAQ+JXU42/&@I]8!RJ(H@@E)5RIIP+B`#-`XM:E`9R2>9)II9TY4E(6=0H^\4
M"8_>"/'E10D$1SH11<IF12??O0"@(UH>^AR/E114*%"*!229FA/>Z40\*4!K
MN-*!)^=&?'>ASYTH)DC6@1&DT#M2B.]`Y42M"0-J!,T\DI6@H4->1IHT5!;6
M*@;=,'42#YTXHROW5788[_2%MSHI,^\59:9S60A9(!(JQP/%$.8#B>"7%JVZ
MI;J;MAV2%MK!`7$>U*0-#5<[HVL]!5=8/KM[M+S9@B1I5'6^%>&+5>%(<NV,
M[MR,RD%1A`)T@<C4ES"#A-VB^8+KK;4IN&"9*VCHI,^6QY$"M)@3D625I0MU
M:4@]T29BHMQB/WY);*3_``D5%0%6%LW>M++7KENL9T!)([9"DRE0CP@_&A6N
MX$%L[ZYA^=Q"K96=I*%D`-KU@=(5.T;BA0<@L+&\L[MQ-U;NM)0A';$_@S'0
MZ>$FNO8(M;N`+0M`[9#A+68Z0X)Y<LR5US;%;A-@FZ[I=5;%,K2K+(5(RD3N
M"HUN.!;I%[:A#@22Y:K*`4SWFRE>_DM5!E^);:[>#Y(=<?0D+)*<O9E)]F!H
M!II5SAF(F^M+4)7E>+S<J2=,^N0^1U2>F;PK8X;AR<7N'K9YIMQL(+BDGNY]
M8@D=9K)8CAC;7$=K@F&8*UA[:PIUXLJ/>3L5*/0#7S\Z!WU.T]8SMLY''@IU
M/9B5YR)D_&*XWQ2;\XR&[X%,E;S:5=%*/T^,UV?AZ\:5BN*7!9=<<%RZTAM1
M]C023YG,8KF7'B2Y>-9FR'K9PMR1!4E0*MO.=?.B5GFTQH-33X.H'2FTC(`9
MU/.C!),T4HD]1%&(!TH`=?G1["(H$Y1J:2DZB>5.@0GS&E(*=1%`H1-&D=X[
M`TB-=]:4#!UH%GGTH1H:,@<S03N08H$D<Z!U.HI1/AM23`,T`C2DJ1[6FNE*
M'E-*ZD':@9`CQ-*)T@#>E$:_E1@=X]*!A'<42?849\CUITIY$>ZEY$D31)3E
MA$:'1)_2@+V?**`T\CM2HBB@4"C$9N5!14!F0HA0U!'(]:+4'Y4H;>=!Z-PK
M$_MS@^VQ2?O+BT4'(Y.!)2H?$?.N56;JL,:F[ME)[89K=A0[]NF([0$_BZ=8
MGI5UZ&L5#UMBG#CY!@&Y8!Y@]U8_(_&JBX[;$4VRKQ]LWBTE*7AKW$#\8Z``
M@'X[@T$BT5ZNQ;8B^A)0PN&'6P8>C9$SIM!!&@G<D537;+N)*N'FPAM>4KN"
M$"&TR"5#H--M_C4Q&*I2@6:FE*LDK2V;0@A:B9[Z3$!?COJ!!`I=_;*PVZ;M
MV+E(45!8>B<ZM?NS$P4[%.LD]*#+-7KEIB2<2MTY"PXEXG^$I.GQ^M>F6%AY
ME#J-4.)"TQT(D?G7F?$TH80I*`E*+D9E"?93.B1[]1U$5WST>WOVAPAACRB"
MXVWV"X_B0<OY`4&CR!;2VE#NJ!2?(Z5Y2Q6W-GB%S;$0IEU2"(Z&/TKUDD>T
M*\V>DVT%GQEBB`(#BPZ/]H`_G-!">7VS##I$$H%,),^^CL5]IAC0_@44_J*0
M"!(H%J&T#:J'&AHX2=Q(J_=5E`5I)K5</^C^WXQX5Q'$+:_5;XFR[V:&U@=D
MKN@B>8GK0<72-31QUJ9BF'7F$XC<X=?-%JZ864+0==?`\QS!J-!&E:9)3K_=
M1DP9*A%$!Y464`30%VB1SGW416M6P@>-&9FCYT4C+/M$FEHZT(.]&`>L&@/+
MFUI282%>5)TC3XT<^T?"B"2HP:`E2@-Z3H`.M/,)T*IUVH'=08$Q0'=U4?=2
M@8BFUJWUHR03)\*6$E2?K2!XTX"1$[44PIK^`E)Z1I2"2@@+3'B*DDQK--K.
M]%-@)4-%"@H!*3)HT-@B2(/6@M`D1\Z!`%+0F=:24Q1I,<Z*-0C4&D@GG1ZD
M;40D$2*`#6EA)`*E<J$$^%&OV0GF:(0=$R=S2*6X=:110H4*%`[9#+>MGD9'
MRJV`$DQ5&200I.Z3-7%J\E]LK3H9U'2I0'_W*_*HV'V@>:6[)S=H$#I$2?TJ
M3=&&%TY@1!M'!G4A8>F1TR_W4'0>$.)+W#;EDNJ4@A(23^%Q-=/^S[+&K(7Z
M1+[A)!1^&-:X\MJU>*GG;.[=;,=_M0A)TY"*N>'K^XPI;)PZXOPUGSH:4Z%I
M2H=1I(-16EX:-ZUQ6XFSR964++KCAALH.@\?:(H59/7B+-\<1X=:L*9NT]E=
M6KH"0ASVB%*G02)!YZT*#D>,XU;/9V66V7Q!3VB6BVD^,'4_"MSZ,[X&UP@R
MCM6+M:5H3J2C*D$?[JB?]FN2`I(T4#Y&K'",5O,(O$WEBL(?2D@%29&HC;WT
M'?\`#>)\'P_',2M<2O;6R6V.R&BLJE9N]*M0(C;QJYPA%CC'%;[3"T..L8<D
MK4E4SG<DZ^037ETN+4-5DSO)W-77#/$N+\-8BC$<,N2V^D%)"N\E23N"#N*#
ML6.<.XEA7'5WZCE2W?M)NF0%1F6G10'CS]]<<XSOF[O'GDLI*6[>6SWLTKGO
M&?/0>56_$/I.XNQA:;A_$A;ADE32;9M*,AB-#O\`.L.WF(S*,J)DDZS1#HE1
M$33H!!YDTE"8&WNI<B3IO12QOM1G>DHG4TH:;"@`(&DT>GNHM)VI`7J`>F]`
M:C,D4F?9UUHU`&(YZTD@S$\XVH)$]*`(D4D:'6:,^&]`#^*B.E*UHNM`?(11
M<XFA!B)HNM`?YT1^5*W`\*([`2:!:3[0FB4D*$$:&D`TJ9'+2@"#FEM1[XV/
M\0ZTH;#2D*2%#0PH&4J'(T;3@63(RN#VA^H\*`#>.E&>@WHX&O(]:3N8-!/X
M<Q5>!\0X?BJ5$)8>':`<VSHH?`FM-=/6*;-YO#[SM75ON]N@ZY6LY*,A_A.Y
MCPFL.XF4P*N^&4%;7;+'9LVCH4MT(DF1HD$\STVW/*@O<&6PI-RI25&^0V!:
MNGV&]8*E'P_">1H[=OU-QY.)-N(M65@NM;*4L:@)\8U)G;S%.VKUS?WCOJ5N
M@O7`^\:TRHT(S)G9('^[[ZCW]SZ]V%FTI;J+=(;M\QT>UU!!V!,0.@`-!27B
M4+Q!T/.]JRM7:!8$9A^#3ER!'+7I73?0A>E>'8IAKBAVC3X>2F=>\(/ND5SF
MZ0_;)3ABV@NY:<*EI.N99W;T\/G-7OHLO6[/CAAD$A-U;FW69T4N,P/RCS%!
MW]*=O*N#>F^U[/B*VN@/WUL!/BDD?J*[V@@I`%<>].]N.SPBY`DA3C<^8!'Y
M&@Y?A!SV=PWI*2%@4I9$@CF::P17](=;$0I!I3_=*N@H(]V[$)G8UJ^#^/+S
MA;#K^U8LF+D72DKEU:DY2!'+>L,ZHJ<,FAGD@'^'>@E\<8V]Q!=IQ"YM6&78
M#8[$'5/C)UK*\]A5EBA!:`YYNE5HTFK$HQM,46O2E<I_*DDD<MJJ"B=:&^E`
M::ZT/.BC`D4`?"A/0T7RHA6@&M$">]/2C/LR*2!W5&@"$E:PD<ZF1E`2-`*;
MMD`#.=SM3BR(UHE(41[Z1O25&2)VHTCQTHHTBE<HUBDP*'NH#)@'6F_:-*48
MWBB1$4"AH(H$30)@:4!,:FB`=J:RD'04[OM1T!#2BB=Z.CH$ZS&@Z4DGO^0I
M>U-;A2NM%)403M%%0H44*(S&E'0H&B5CK1LON,N!Q)\QUITBF5#I4HM[EU+U
MGVB#HKY5)X607'UH`S?>-P.1))`_.J:V6?5GD<@0:VO">$E'#5QCZ76UJ]<3
M;EH+&9"0)SQON1[@:>#48<FTOC>V2G%/+"RXD)[H1$"$GKI/QJ8[@.(BWN+E
M:+5-DT07%..@1Y@[GRJGPP.>J(O&7D6=@-2J>^Z>?F?RJ+?XJ[>'):M!IH:!
MQSO*544^C$U6ZG&F$(<87"76T,D(7&HW.X/.A54FV>>5`0IT]7"3_P`(H4&"
M48!-!MYU)[JUCR-$L"-32$\ZJ)C=[<C_`#A/F)J2U>OJ,*RGW56@R:DVPE<5
M2ISBU.J2WE`&Y@_"IJ4CE4:V:E2EG>:F\C62``-]YH$@[47,_"E$:P!12P8`
MTUZT>P'2D@ZGG1+)`VWH%$_,TE4&28H@=]/*C,;:4`)`/2B*PH@1MSIA:CFV
MH)64`R/.@FSMK13,[T@'N)BG1M0$)HB!)BE>^BH!RH"@:+0:F@,;1M0)UHOI
M1[F@3&N]*2(TH4::`]M#3:D*@+08<3MTCH?"G-=30!C6@"%I<0%)D'8CF#T-
M$K4R=Z;<"T.=JV).RD_Q?WTZ,CB0M!D$:&@*)3K4W`+TV>))96$+M+J&GVW%
M94JZ&?PD'97*H.P$4TX-)&A!D&@WSB5X2\V+6\#3SR,XN%""VD_@(U@\U>&@
MWIM:&T62,3;`9=6X&BT!W6%<UC^ST'(Z<A57@UP+L%5PMPL+A5PI.JP9]I/]
MN=NLU-Q!QT7I4A*0C+E80-4%K6`/#>?&>=`6+H#3SM\Z[VKS&7.M(/WBR.ZK
MS&YZZ'K4#![Q5EC5EB[<**+I"72#(SDRJ".J=?.:E<0.VQ=9:P^X4_8MMCLU
M+&JED#/FGG.FO**J;IIF6+6T<4JVRC*LB)48*C[CIY`4'JY(@"-N1KG/INLP
M_P`)MW('>MGTK/D=#^=;GA^X]<P'#;K.%EVV;5F&RNZ-:K^-\,5BW"V)6;8E
M9944CQ`-!Y=PQ66\`U&A%2;U8&<[&J^S40Z'#N1-2+Y4N;R")H("I[0:Z4IJ
M59U3$0-J0J01!T-+M@2G.8&8S1$3%!]R)WS#6JX`QXU:8K'JZ3_:%50'(;U8
M4K81%(,C;<TK7G&FE$=XJH('2@H:")UH`?E0,_W4`.XTH#STH`'?\Z&VQTH`
M9"8HVTE4)UU.IHE[#QIQHD:]*"3,0(IE1*C1J42*0?"B$Q)\*4*3'E-*_2B@
M=Z!)G:B_*AR(H$G>1SH@2(YS0(TB!-`;CJ*!S0BA0H;F@.A0\J(T0=%1#K2M
MJ!#AA/G2%2$@`Z4;A!HE[)UY46$48/(T-Z*#10H48BBH#IIP?B%.4#J*"VX<
MO&\+<%U<L!UAXE#B"D$E'.)V,UT'^BXQ:-W&%VN),X<,S;>5M*@/X@<NIU-<
ML+Y<MD-$"6S$^%=V]&33;?!=CF;6I3BW'-"`(*S]*RK*W#;EP6VW[;$W$(,$
M)MB-/(:35M;>J)4&W\(QA%J$[-V.5:SXJ(T'E716@RE866%9AS"Q]*LV+T((
M(5<IC^%P4'-4XQAK3H"N',04V!"6RE:4@>,#4T*ZRWBX2(+UW'CE-"@\7.;4
MD4I9T@4D#E5#B:EV*2IY('6H23T-6&&R7X&NAHBX;1H"-J/PV%+)``$[:$TT
MG^*/"HH)B1YTX=)-$!!.]#G`&]`KDG\Z$:T8\"*(JC6@!,:]:9<*=II3B\NW
M2HRE%4Z4"M#S)I'MN)1.YUH1E&]+MAWRHB>0-$34B!2AIM03K1C2BBH&CHJ`
M1112AO%%0%S&E&-J!W%"@!&]&G84*,=:`;D_K1>8I4ZJTTHCN?I0!1VTVIDG
ML%%Q,]DK]XD<O[0ITZ[T`-^E`2S(!!D'4$<Z1%(/]'5O]PH_[A^E/+TV&E!8
M8!<+0\;5!!.<.MH(/?5L4R-=MAY\ZT=VNU%J;-P(*W7.TSA)'JZ?X8.O>W(Y
M".=8A+J[9YNZ:/WC:@H:3M6W:2C%VW;P$FX93VUYD(/:-Z'.F-,^L$>_J*"L
MN&56]LI=PE*$OI"$H2-=-"YOKT!YZU6%UU%DXA:0D.0A$C<C=8G;2!I^E:1;
M-QBK"6EADN`Q;N(7.5(F6SS(`&D]#R-4+W],AE)A+0*6`3J$B2I)&\GVAXR*
M#T1Z,W_6.!<%7K*6,A!Y95$?I6J2D$]X:;'Q%8/T079NN"K<KC,V\XB!TF1\
MC6[2H!)GG0>1,>M58=Q!?V)T[&X<;B.048^50GEE43TBMCZ6F$V_I`Q%28^\
M[-S3JI`G\JQBAU%!'>[J">8%2DIR("0-@/RJ.H9G$((T*MO`<JEZ0!I-$5F*
MC[@$S.8&JTC;2KC%DS:2=(4*J15A2=>0HB-@:5YT1$G6JA)]JB(@TJ!R-&0.
M=`G4GQH01[J,`"C``H"UZ4M(U)V%%O29.L>-`N=**"3X>%(&IUVI<'K0'L?"
MCUH"@:(3'.:3/E[Z,P-Z+0G>B@)F3H:4`1O\*`&E&:`4)BA'6AOI.M$'10??
M1ZZ:P"*5H".=`@"-Z(JZ4I1'6FB!N**)7.E.[`4DB"/.C>C-%`W2LV@%)H44
M9WWH;T5&(YT`HJ5`WFB/C0-[.#H:]&<`L]GP?@PB)MPKXDFO.;@E,]*](\!7
M#=UPAA#C2@0EA*%1R4G0BI59C%DXMCW$^)6V'7"T&Q20VA*\N:"$GWDDTC!.
M*\51B+-L]>I=9[90<#B9*4)$[[[`U)Q/!N(+;B6^?PEI98OCF+J51E!(41/(
MR*KFN$N(",PL6VUY5@E3R0>\?I4%^SZ05##O6W<.2I7;EHI2N(&60=??0JB=
MX(QLYVVVV`R5A4*?$[10H..+/=ZTE,S5@]ASZ-%-.3Y4PJV6G9"OA50PFK7"
M2`IQ7,1%5W8.`QE,^53\/0I$@R"3.M!:[P:4)Y4E.@@C?>C!@$J.O2HHP=/E
M2I`(@TRI8`G2:;2Y)CI025.`)G>F5+*CIR-#\,<Z,`ZG7:@*)!.OG3<#]:=.
MGOTTJ,^X`(ZT2D.+,Y0=*G6@AM-5:3F55O;CN"K4A^@:`HZC0J+W4="@+G0H
M'P%$--Z`4=%0-`J:$ZT0'6CH%3!D&BUB:23K2@3&M`7CUH)B=>5`:&8YZT$[
MF@(C,"")$;'G4=,LD-J,M'V%$^SX?2I,[BD+0E:5(6)!T(H$N1[$&>=7.$7B
MQA@M6TEL-.E:UI)E1/LSY"8'B:HD.$'L73*OP+_B'UJUX?O_`+.OU%P9V'D%
M+C*D@AR-4@SMKSY4&BN4H;PI?9+2BZ=.>X9&A0V8U3X$P2)T$<IJJ>2V+-QX
MI(NE@"1I#8W<\R1E^)YU)M@I=ZJZ"E%M"BZZ_D.B(U3&TDF(YSTJ(^ZAY\N=
MF$6Q6%`$G[H`04=(C0?\Z#K'H1?2<(O[4.I4H/!TH&F3,(^>6:Z>[H@UQ3T%
M/`8SB[`!2EUA+B9,F`N(]TUVJX$-&30>=?2YW^-[A7_8M?\`EK#N&03.G*MI
MZ3W@[QCB$0<A0W\$"L6[&0D[#6:".W)>*CJ$C*/,[_I4D:D=*8MDJ#221JKO
MGWU(2.9Z4$+%3_13SE0`JJW%6>,:,Q.G:"JV--ZL9HOA1'PI6]$1TJA.Q%`'
M449VZTGG`H`=@-)H"9_6CG;2C/63K0`:1O3<[ZS3H(I"$228H`)F=A3@TH=(
MHB:(!TW-%-$23Y46D3\YHH'F`:)),R??0'2)I0@<OC0&GS]]*$Z;40$\J51!
M>="#%*C74?&@:!(H*(H$C<"D*(G:@%)D3K\J!/("*($@[:T46Z@*-V<U$=Z4
MOK13="A0H!0H4*`4>_.@:*@)0)2:[-Z$W5*P"]:*R0B[E(.P!2*XU-=0]#&)
MVS2[_"EG*^XH/-R=%`""!X[&I1U^=:.>E,%P3I2''7`!V:4J,ZR8J*7?-+?M
M'6FG%-K4!"DF"-0?K0IKUAT)DVY)Z)4*%!QA*KKNDA"T*/=4H0#[ZCK4%WK3
M:F0M*E!,I4(I[UA1;2A"0&CM&WG^=1VPT+YE#:DR-9!)Y;4#^(6&'H:4XNU0
M(!)(!'ZUG[=(2"N-2=`*T6/7)59KMI[ZEI`'A/\`=5*0VRD!)D@:FB"40F<W
MQII;G+>F7'2H'K02A2H-#1@DG8>5.MIT48I3;4`4^A&44(9`D\Z=@QI2T)RR
M=J:=<`U))HIEY>40-#4%9S$'E3KSA4HP*BJ41MK5C%J7:H2M7E5LTD!-5UBC
M*E*NM6::C4'1T#J*%%"B4-*.AO0)H4=`T!#2A0`HZ`N5'0Y;41VH#G6@#1>-
M'0&3SY41WCE0UVF@)H".X-"9UH'YT9$>5!&O]+<J`!4",L<CR-"7$I1VS9;>
M"0LI(B0=0H>!J0I(4"E7.CQ%]UUEIFW92AM($IS""1XD3&^G*:(O<-NB[;.V
M[2DKM%I#C_>RG,-B)_AV\9J(X\FS4NU<4%-/)"G2G^#=)$\QO&^L4CA-=NZZ
MY;W+B&@A"UIS&.U_[(^9TGEK2U]C>7P<OUY$J45J('.)RCH"83X45LO1(\NS
MXR;M5;.L.`GJ2`I)'@0/G7=;UQ*&LRUA*!JI1Y`;FO./`SZF^,\,O'E%+B;@
M(45?VY3E^>GE77?2KBYPSA-YM"@'[Q7JZ.L'VC\!\Z#@N-WSN)XUB%^YEAY]
M2T%/-,Z?**I[HZ):!)[0Q[N=2202`!482Y<+<Y)[B?U-`[.\;`4LZZ"110!K
M22<J5*.@`-!5WZY2EHF259C44?"@M9<=6L^0\J%:9HMZ%&=Z*11!&DF8\J5O
M1$B=>=%`#6B4I*8DZTM&4@SH?.GD-6X*2EY*W%A4H,C(9@:['37Y4$=)!U!F
MC2#K_B*4LVV1H-!T/=[MLT9=^[E]V],I)C>@<DTG?6DDDG?Y4-0:!1!ZT4>.
ME`;T>D[T`WD4-Z(GR!I2?$T"D:`2*71#3G1:BB#ZD&DDZT9UII1\?G0&J=A\
M:1&DS0*N44FBC@FBD[2:&U)4J/&BE$TYHH>-1^T$@"G$J*3-`1H4M>HD"D;;
MT`H4*%`!0H4*`'6G+*[?P^^8O[912\PL+2?*FZ0Y,;:4H[=8\>X;<,-.O(+2
ME@$IS@P??%637%V#N?Y]2?,`_D37$<.)-J!.Q-/JVY5DUW9K'\*6`1>H'^L"
M/TH5P?.M)[JB/(Q0HG2>X\AG(TI\MQH0-9\Z?M5%5\VI#DB/9`UVK/N_O4^=
M7.'DB[1!Y?H*JRZEXV^$(9:2253FD[CE5*I2EF`>52\9UNU3R2FFK8`Q(YT3
M[26F.:CI%2!E0/E1`DC4G<TTX3,S44_V@.@WIQ))W.G*F6`-=*5<D@:$BBBN
M+A"=!&E0E.%P[U'627#)I2">M7&+27E1I38Y;S2G?;]]&G]^BJ+BW`R)CI4H
M5#M?W0J6-ZRV51TFC&]`?*BHQN:+E0#PH4?.BH"HZ!H4`HJ'2AS-`!1T!M0H
M!RH1K0Y&B&]`9@F8BB&E#G1\_?0"@?*C'M42MO?01EI#+P?R9TCVT21((CE_
MC2KU_L4-6Y`0XZTD+=RS]Y.XGJ!_B157`@^53,))#]B0=G$1_O"@G(?6SB&&
M*4A(<MW6W5P(41F$`GF4B/<:U7IFQ?UOB-O#D+EFQ;@@;=HK4_+**S#X`XL(
M`C^G<O\`6J!Q&I2\>Q)2U%2C<KDDR3WJ"K>7D:*AJK\(ZGE1-)[-M"9U&YIM
MS]\P/$TZ-J`YE4&H=^YE:*14OF?*JZ_V'NHE^(:1H*!C6C/+RH=:TR*BYT?,
MT#^E`F*&@.U*-)YB@`$42D9C()2>HI8WH#>@;R!`,;\YI"4F`:<<V-$/9-%$
M3TH^NE!6]&/9]]`64>1HXZBCY&BZT`CPI:1X4!M1CV3[J(/EM'E2#3J0,GNI
MH["@2H3&U)'F*4K<4CF**3KJ!0]PH#VAY4?X1YT4@TTI)))I]>Y\Z30,Y"*=
M&HF@=C0'*@<2>1HEI`\C1#>ECV/=0-C332A1':CY4`H4*%`*)6QHZ([4"V;M
EQML(`3"?"G?7%$ZH'QJ"CVC1_B]]031=C?(H>5"H0.AH4,?_V3\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>10
<FILENAME>g73063.jpg
<DESCRIPTION>G73063.JPG
<TEXT>
begin 644 g73063.jpg
M_]C_X``02D9)1@`!`0$!KP&O``#__@`Y35),3%]'4D%02$E#4SI;5$]/5%-)
M15]23TQ,751/3U13245?4D],3%]#04Y$65],3T=/+D504__;`$,`!P4&!@8%
M!P8&!@@(!PD+$@P+"@H+%Q`1#1(;%QP<&A<:&1TA*B0='R@@&1HE,B4H+"TO
M,"\=(S0X-"XW*BXO+O_;`$,!"`@("PH+%@P,%BX>&AXN+BXN+BXN+BXN+BXN
M+BXN+BXN+BXN+BXN+BXN+BXN+BXN+BXN+BXN+BXN+BXN+BXN+O_``!$(`"X`
M\0,!(@`"$0$#$0'_Q``<```!!`,!```````````````'`0,&"`($!0#_Q`!1
M$``!`P,!!`0'"0H+"0`````!`@,$``41!@<2(3$305'1%!<B87&!TA46,E:1
MDY2AL2-"4E1T@I6RPN$T0T5&8F1R<Y+!PR0E-82BH]/B\?_$`!D!`0`#`0$`
M```````````````!`@,$!?_$`"H1``("`0,#`@4%```````````!`A$#!!(3
M(3%1!2(R,W&!L10DD<'1_]H`#`,!``(1`Q$`/P`ZW:1)%R888?4TD(*E$`'[
M?53<B3=PD&')B*(ZGF2<^L*%:]S5TFI6VU$C<8.[CK[<_+6R$$'@:HK-*709
M-ZN[#BA(MT=3>,A2'5#C_A(^NLXVI%K25/6MY/X/1/-N9^L4^-X5JQ4-NHRX
MTA7E'X20>NEL4C.X:LMUOC]/,9E-HS@>2DDGL`"N-,6W6ENN:E"#!N3J4\%+
M$?"0>S).,^:H]K2X0;=,AMR+;$D!32E`NM!6[Y6.'96QJ5^'!T*]-3$;;8##
M:BVSY`"5%.0,8P/*JBG)R:\'9+30AIXY'%W+L[5?Q0U/VP:/@RW8CJYRW&E;
MJBU'WTYZP%`X..7"FD[:-%*YN7%/IA+H-F=HI1PO3T<=6$J6,?(JLDOZ)6%%
MO3J5A(R=PNJP.TX5PK2S!X4@T>.+0_X[,^A.=U>\<6A_QV9]"<[J#8<T9U:;
M)/8`][5-&7H<*(-@;!'`@N.@@^C>I9"PH-/CBT/^.3/H3G=2>./0_P".3?H3
MG=035,T3\7V_4\[[=8B3H@_R$!G^L.^W3<3P(-WCCT/^-S?H+O=6:=L&AE<[
MA*3Z83O=023)T0!GW#!\WA#OM4ZF1H0XS8Q](=]JFX<"#DUM5T(X,F][G#DN
M,Z/V:=\:&@_C"S\RY[-`OI=!JY6=8/8)+GM4T3H%S($.2DCJ1+5D?72QPH//
MC0T'\86?FG/9I/&CH/XPL_-.>S0(3#T$L9_W@G/5X4>ZL%P]"IQA<\`]9E$?
MY4L<*#UXTM!?&%GYEWV:0[4M!#^<3/S+OLT!A#T&<_=YGTO]U+[G:'/\9<`?
MRK]U-Q'"@[^-30/QB:^8=]FE&U30)_G$SZV7?9H#IM>BE8P]/'_-?^M*+5HO
M)R_<`D'GX2/9IN)X4'D;4-!GEJ2-ZT+'[-9C:9H0C/OEA_\`5W4"$V;19Y2+
M@3^4CV:55FT<!Y+UP/IDCV:;AP(L!#U[I*<I285Z9D*2,J#2%K(':<)X5T$:
MFL"E]&+O##F<;BG0%9]!XT`]*0++&OT!=KF3V9"WDM@F0"%`D`I4-WB#V40]
M=PK/%$.3+8DK6XI2`IIX)5@#(R2#FJSFXJT:Z?2QR95C=]?%?Z$:/<K?)<Z)
MB:PXY^`EP;WR<ZVZ'6EVK?>+8X<RW6VG.CQ)<2XKD#SW?/7<,%[>*472:VT`
M!T>\"/W5,9VK,,V!XLCA+NB4$@#).*UU3H2'0TN6PEPD`(+@R2>K&:C(LUOZ
M4.R5R)3@R$F2^I0`/,!(PGJ[*W(T:,R^R(K#+2BX#E"`G/;DX[!4V9;21UZD
M^6O58J1F9GWSJPYNYC#*<9WO_G.MP5J2#G4TCS1P#P\XK<%51=B%81Q)K0MB
M5(C`E8"<D\>KC6^M"5`Y'R5SX:0XTDOA0&3NX5Y)_?59=R5V!]M2DI5<H*4\
MA&7Q_.KM;1`6]E4U(ZH;`^M%<3:BPR+G"4D#^"JZ\_?&NWM(X[+[B.R(S^LB
ML<?S)'LZN_T6G^_Y*P*4<GC14V=Z[M.E]+&#%AK=OTJ:`LE)2VI!4`DJ6#DA
M*2<)[3ZZ%"^==S1=OC7'4D"-+N46WL!Q+BGI*MU)"2%;H/+>..&2!72>=-)K
MJ6BUOJ(Z5M2+HII3S*9C3+J<^5T:B0HIX_"`'#/"A]JK0475MT]\Z+JS9H,]
M#`;#['W1]Q0P%%)4-TJRD`<SC-2/:YX!<]&2V3>;=&<"TR6^F?3AW=R=U(!R
M2<\,`TU(FVO:+HA,>V7.+%N">@>Z-US=5%>00<*'/',`CARH<\72M`EU9LTO
MUBN$&-&(N;4YT,QW&4[A+G/<4DGR>`)SG&`>6*D<?8M,4P&Y&I83=RZ/I/!T
M-%:4C./A9!(SPR$XJ;:LVAZ>MFH;/"\*;E!N2I<QU@[Z8R2VI`R1S.5Y('$`
M'KX5UY$.(]JNWZT8NT$6UJW.QGUE].ZI).\A05RQDG.3U"A;DD#[0^RJ&9L@
MZGEMOR8BP%VV.X=T`YW%.*X$I4`2`,<.9YBN1?=FR)6L#:].W:WK2\X\XY'2
M2?<YI)3P7Q))RK=`X<?J(^E-9V2]ZROK$:6T$J:81%6L[OA(;"]]2<XSQ7P'
M/`S7+M]KAVK:7<9L#5D%5RG-OOJ@+0-PI*DD(6L*R#GCPX^3G!&10;I)]2%W
M?9<_:8\B9%OEONCL%YD/PEH+7!2DX"B5<`=X<\9!/'A4LVE6J>O0[BSIVQV]
M;;K&&H@+SV2L)"4*"$@'*@.O(R//7<VH1K3<=(!%V$&/=7PVW#WWT^2\I0&Z
M%\-Y`R<DC&..!4BU&2S9XSK>Z\B'(C/N)2=Y2VVUI*MT#FK`R!UXJ2N]NFP&
ML[*+XI#3$B[VF+=GVBZU;77CTBD)^%D@8X<.61QXGA6>R9IRW:_=L5VMD9;K
MB7&'426DN*96@%7DDY'''$]8Q1EOXO;ZHMQTW-T^AI+9#K]P84LI3VI6DC`Q
MG*3C[:&>SX2;YM<N=X<EQ9B8P=*I$<=&AW*>C04())P0.T]N>(J"ZFY)V$Y<
M9GWS(MGO;MZK6J"7URO`T<'>DW0C.,<4\<<Z"&T;3\->O4V;2,5*WGVT])%C
M$;K;Q*MX<\)&`"1R'FHV7>YS;9K2SLR'T(LUP8<C;JUI&)0.\@\?*XI&[V9(
MZ\4S-MUKL^M(=_7'BQ1.CKA./DI;WGU*2I&1PR5`*3GT9H4B]KL$1V/:L3$+
MR95L<D``F*E]6]Z-XIW<^O'GJ<[);%IV59B9>G$)O$&2J+,7-;#BBYP)P%9`
M&"!C'#'7SJ61+9-@:TO=Y>4$6J9!8RM;F`EULD'(/+R>.>6#7M$J$M5XO;#.
M(5SN/A$5Q/\`'-);0@.8ZMXH4>/'&*$N;:I@^V66G25Z]UT2K$V_<(DI94J1
MY;>XI:MP(3G"<;N""*&6ODM0M:7N+#:0Q&:EJ2VTV,)0.'`#TYHT;)M.W2S2
M]2N7"&IKI9?1MG(4%A*EDD8/+RAS[:#VU.)(AZ]O27VRCIGR\WG[Y"AD*^WY
M*&F-^\PV>ON+UM84%9P9K6?EHY[4OX#;/[Y?ZHH#[.!G7>G_`,N;^VCKM34!
M!M@Z^F7P_-%8Y_EL]+TY_OL?W_#']E__``B=^4C]05-$_#7ZJA>S#(LDLXXF
M4?U$U,$K(<<RE1'#D*87[$<WJG769/J.J`(P0#Z::;0$RHY:2`>D'R=?U5[I
M1UX!\]9QBE4U@$]9/`]>#6C:9P51VJ]2UZKE"+RQC4KZMXC[B"`.OE6P5N#X
M&5?FYK>FVL29B)2)3T=8&ZKHPD[Z>SR@<>JLA:8I24O%Y[>&#TCI.?4,#ZJI
M3+[D<Q3TD`A4;U[^*Y$6\-ML[KC#F$\#E/"I6S:;<RE"6XC:0D8'"G/<^'DD
M,A)(P2DD?8:.+\A27@"VT%IVXW2&["ARWB(R@4M,J7CRCV#SUUM;.3)6SN;%
M:MLPK5$:3N]"K(P4YZNK%$:X:>MT_<Z<RQN'*>CEN(P?4JD:T_%:"DMR9NZH
M8(5(*P?\6:HL5-L[<FL4\,,;7PE.38+V3PL\_P"CJ[JR&G+^>`L=P(_)E]U6
MB<V6Z1<<6X8TM)42<)F.)`SV`'`]5*G9?I5/P47!/HGN]]:F',BKPTU?T\?<
M&X`]O@BNZL%6"\CX=FF_G1E=U6H&S;38Y*N?Z0=[Z7Q;Z;[;E]/=[Z4QS(JD
MNUW-L>5;9B0/ZNL8^JFO`Y6,&%(''/%A7=5LALWTV.1N7Z0=[ZR&SK3PY.7,
M>BX.]]!S1*F&)+/.)((_N%=U>\#DXW?`W\=G0*[JMEXN=._AW/\`2#O?2'9Q
M8#RD79/HN#O?2AS(J<8T@<XK_9Q95R^2G8:IT&2B5$2^R^WQ2M+1R/E%6H.S
M6R$Y]T+V/1<%TJ=F]G3RN5[_`$@N@Y8E599G3)+LF4AYUYY6^XM39\H]N`,4
MST+P.2TX"/Z)&*MJG9]:D\KG>OIZJ\=GUJ)XW*\>N83_`)4ZA9HHJ4I+AR5I
M42>&5`G[:P4HGX:L_P!M6?MJU[VS:VN<KW>D#L$A!^U%:QV70"<^^*]^M;)_
MTZ43RP*P.W"4]&1%>N#SD='P65OE2$^A).!2Q;G-AI6F)<I$=*CE09DJ0%>D
M`BK/>*VW_&"\?]G_`,=9>+&$!@7^Z^M+!_TZBAS0\%78USF1-_P2Y2(_2'*^
MADJ;WCVG=(S6N^^I]U;ST@NNK.5+6YO*4>TDG)JU!V8Q.K4%R];4<_Z=(G9G
M'3_+DD_VHD<_L5(Y8E?-G!2-<V$E0P)B.1\QHS[3I3!:MC86`H*<5CS82*FM
MJT5`MI;=;<2](2>+KT=O(&/O0D`)/GXUA-TM<I4@K<N5N6T%'<0Y:T+W$]F2
M:RRP<E2.K1:J&+/'*W\/U_I,C>S24T+))PL'_:CGC_134SC.!Q;R@0>('U4L
M;3PC)*&U0DH/'R(24Y/63@X^JGA:)"<A$QE"3S`B@9^NIA!Q21SZO/'/FED[
M6Q%#LK*)@36@`$GC][YJ;-KN*4JW9D=:N./N:D#S??&O6YBXQ[@@2U,*04D?
3<R<@^L5;K9S=*.[7J]7JN4/_V3\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>11
<FILENAME>g413231.jpg
<DESCRIPTION>G413231.JPG
<TEXT>
begin 644 g413231.jpg
M_]C_X``02D9)1@`!`0$!L`&P``#__@`V35),3%]'4D%02$E#4SI;5$]/5%-)
M15]23TQ,74E414U?-3<U7U123U!?4U1/4DU:+D504__;`$,`!P4&!@8%!P8&
M!@@(!PD+$@P+"@H+%Q`1#1(;%QP<&A<:&1TA*B0='R@@&1HE,B4H+"TO,"\=
M(S0X-"XW*BXO+O_;`$,!"`@("PH+%@P,%BX>&AXN+BXN+BXN+BXN+BXN+BXN
M+BXN+BXN+BXN+BXN+BXN+BXN+BXN+BXN+BXN+BXN+BXN+O_``!$(`5D`Z@,!
M(@`"$0$#$0'_Q``<```"`P$!`0$`````````````!@0%!P,"`0C_Q`!$$``!
M`P,"!0$%!@0#!@4%```!`@,$``41$B$&$S%!46$'%")Q@14C,I&AL4)2P=$S
M8N$6)'*"PO`E0Z+2\1=SDI3B_\0`%0$!`0````````````````````'_Q``4
M$0$`````````````````````_]H`#`,!``(1`Q$`/P#](T444!1110%%%%`4
M444!1110%%%4%[OHA+4RR`5@?$?!]/[T%_12-%O,R2E2RXM"<_B*]B*\R[H[
M$2I2'UN$C)*5*`_6@:IUUBQ$.?%K<0#E(Z#YGM52F_S.5SS';+6-1.#L/SI>
M??E!I)+20'$DDKZX^M5Z%%;)*B"C4$I;S@$YSUH'Z%Q#"D)!</*ST5U2?KVJ
MY2I*DA22"D[@@]:SUIZ&J-A^.IA*LA+J!N-\=NG^E6?!UP6X\N,%EQDZM)[9
M'<>A\4#A1110%%%%`4444!1110%%%%`4444!1110%%%%`4444!1110%%<Y#[
M4=E3SRPE"1DDU3*XFMX22$ND^,`?UH+Q:DH25*4$I&Y).`*S:<^RY[V5N)YZ
MG`-/^7&=OJ35[>[PQ,AM!M3C;?,'-VW"?.W6DM=QMWOKJGG>6TVLI0`"21YQ
M03H1D$ZFT)`0,\PG(2/3UKVZ^'WM4EYU"!LE*F_A'BJISB.WQF6X\=E;T<9"
ME+2$DCM7%7$;$C[ABWR"K?2$')/TH&!,I:W&6BIIZ/&:)4HC)*3TR?IUK@93
M$E:F4("$+&<$DZ!Y^=+;EW:0M]/*>C*4`E:,=<'.#GM^M3HMP:7R6H,9<J1N
MI2D[$#QGL,T#"EQIJ2TE1UM$!*FOPE)\?,C]:=;7;8$4"1%"CK3E*E*S@'Q6
M/ORKG%D@/0G$O.JRDJW*CZ8J[>OG$EMCH4IC2SG`"',A.?([4&KT5G*;YQ0U
M'#ZXQ(QDH#B2H?0BK&U<3W)]A+[L++:MQJPE1'RH'6BJZV7>)<&5+;6$*1^-
M"C@BIZ%H6,H4%#R#F@]4444!1110%%%%`4444!1110%%%%`4444!4.Z3!`A.
M2"`2G8`],U+)`!)Z"L3XTXMEN37(R%83C._1(\`?UH/<CBZ?=KJS"2LEEQT`
MJ5TQWPGH-JT-B#:!'=4\Y]Y%0E4C2=F\IU>/%?GUF<[%DM2&B`XA>L;;9K9.
M$YC<_A6]2DHY:G&2I8SG!T'O\A00N(K=<UW&2;2_H3&5I<R"4G("DY.,9P:5
MVN%[W.9?FNZ48))R"<'R2.E:E:WN0;&RA0]UG,.E:<`ZW,!0)/R"A4M@)B.V
MJ(PO5%=YR%#&0HXR,_D10)/^R18X=;)82XIQ*BX\0`6TZ20OY9`&!V-=N&>'
MG+"^ER<P_*#^`D(;&20"<#?Z[XZ58RW)3_"T)4;G/%NX+:*6U'XT)<<2`<=4
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M&)Y+;:8=N6R%H?"F]0_A4$YS^AWJ"P_R>'69#442D+22\$D`]\D9Z[@#Y?*N
M7$W$!M]@C3(Z4%V8`AI2C\*-2"K4?.`.E<>"V9Z8$5T.LKMSS9PV2=22-@?&
M^-Z#)[]-EL79Y2'.4X0CF:3_`!:1G'UJ18^*[G#EMZG2M)."KH4_W'H:X<:.
MQEWIXQB"VA:D!0'4)40/[5`M:VU/I3+3]T%9R!C?^U!^B+3+]_MT>7ITEQ.2
M!YJ94*UR8SUNC.LZ&VUMI*4#`"1CI4M#C:R0A:5$=<'.*#U1110%%%%`4444
M!1110%%%%`5QF/%B,X\D`E`S@UVJ'=PHVN7ISGE*Z?*@J'.(@,!+2"3V)-93
MQA9DJ?>F,*TM!/C._8"FB9=GX-DC2H5L8ENN27&7`ZV5DD#((QVQ7'AKB>=<
MIB/M&!"BV@I6%NAG",@=-1VH,C4P[A6E"E!/4@=*?>%N.C8;0JW?93+BMSJ6
MHI.<8PH8W_M34FQ6AYM:HUP@+#0"W5A6-'^8C]JI18>$([#DTWQI:"KEE:&]
M>"=^A[GL:"!:./;Q&MJK7$BM/.Y46%A!*F@<_A2.N,[>*BVWCV\6RTN6=KE@
MHU!+K@)=:)._UR3UZ9J_8:M=IL=Q7PO?8R9?,0IU]8"5H;Z8SOW/7I4;BBV\
M/7`VR9>K\&)[D-(<7'8R7CG(<5Z8V]:!=@<:W2%9)%ECNMI:<*OO,96@'\0!
M]?ZUH4:3QE->@JES+3;EI5K;:5\2WE*3@!20?!-(TGA/A:T!!O%^?D%].IA,
M%`_`>BB3GK3:V(C_`!SPW.AO\^._$.AQ6Q44)(R?7S0*2^/.((MPN1]\;2[(
M7H<"4`I0I(TY1XV'6J*SWV9;[NS+A*4N4%;;%963G((ZJSDYIJX;LEKORUQV
M8[SKK*-;KKC6E.2?.>YS^575RM5OX0M,V;9FD&\-<MIUX'48Z5[Y`[;=Z!*N
MD7B9^X"9(M-P+\ATJS[NH!:CO@;;?Z5=\23.-)'#S+MXAO-08ZDY4M`2LJZ!
M2QG)Z]<8R:D6.7Q:Q)@3DR9%SA2D:WD-K*PE.<$*_E4.M2>$'7+H;A;+E;I;
M\.8ZI#K[SBB&`D9"<]B#B@2'KU/F08T20^XJ/&!#3:C@(SU^?]*M+5<^(1"$
M*!)D)8D9^!M>G5V)WZ`^F*LT)X#>NHBF+/<^(-B27]*%$;#X1T!/?UJTMW$7
M#8DL--V61'4LEI"R[T(Z#^FW3-!6PN&7\(5*2G5V0-Q^?@5-'#J%NL\Q0#*.
M@`ZGS4M'&D-0:2QPXZI;J2&<NGXR-C\ZZ?[6Q7(;,AGATO!2%+<TN'2WI.#G
MT[T%NEM"&6FP-D#`VJ_X67J$H8_"4[^=C23=.)&X]GMTA^"U%DS%E;3+9)(9
M&VI6?)Z4V<$O^\-R7,$9"#^]`U4444!1110%%%%`4444!1110%1[@,P9(!QE
MI6_TJ17*4G7&>3_,A0_2@S6T*G0KFVRB2KW*4I2E,Z01L@DJR1D=!T\53V5U
ME[V:WIG(RRXX<>,X(JTD2949YF7&81((RV6UJP"@C!&1TJL5Q`N-&=CP>&;8
M&73I+>5`*`Z%7G?H*"/=>&&6>%TWFU.OK,AEI3K"-QHVU'R?B&:I;M&M[JI[
MEBYA@-Q6E.*5G`<U`8R>^Y_6FAF1Q?.;BNQ!'C/M!8')8"&0GJI!SD'H,CTJ
M=<&+U=N'KM9W$052FY#:%+92&6].-2EG/;IO0)\Y1N!4[$L[D%N';U,2?A/W
MBR,#MN<XKZ1"8><?O,&2\Q*@-)C%"2%:TA(*0<;'8BF^?*OP7:VK7>8X2U$2
MF4AHH<2I8.`I*B,$G&.NV*KI=RXS0L):NT72!J4MY+2L9_EV[#\Z"JG(>C3(
M)18Y,""8^65B,)#Q.#@$GIN>FV`:Z<)^]-W#A@^Z2"B.Z]SE<M6&TK5@9\5,
M;>XM$PO(XA<#>O"VBI*\XQDD8(&20-NU>&;EQ<S<HTN7>!+:2O6(B7@PE>0"
MD$Z1D?$G:@?;-9WN'K#*;M[+<BXK*W$I6K2E2R3I!/@#'ZTG66+>;8OB&+)=
MAR>))B422V5!P.`9R@C89WR!XJ_3Q9*18%O+1"5?%E26HK:SH1O@:E'KC()Q
MUSBL[M%LDR5.W6[W+ERW7%.*4%$NA0."<#UQC?I03[.B\O7RW*MME?MTIMW_
M`'UQ(*65C.Y*>@VS79B/?V^)';&PW*89>G.NO.)SH6TK&Y[8P/UKV^;E+C-I
ME<03E06SI/-)',7O^+!W2`/S(KPV;PN&F.KB>0N%G2&G`05$C(22!G'H"1M0
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M@JC;!)\'!/;R:?>`W6W&7^5C04(.WUK(G)W%W%#')ES"F$2#[NT@--['88'7
M'J36I>S:*Y#:D,NJRL(3^YH'JBBB@****`HHHH"BBB@****`KRZ,M+!Z%)KU
M0>E!G!23'4D8`4DC:IK\UL!"V$EQ_F(7A;8`0D;E`.,X_.N*P`,=@?SJENTU
M,=QIEPK"%G*RDZ3ISN`?/6@GR;@LA9!0G_>4OY*\G88TE(V`.59^=+-VLR+H
M6_O]0"4H)2>H```/GH.M?>)I]NF(:C08S4>&QGEZ1A9]2KJ:6V+B];I"'6W=
M;8(^H\&@>;/:X%MC^YI:+GQ!PY(TDX/;ZU\8MT1IUM(YRE`9&2`4G((/3?H*
M[PY+4A2'T;H6@*`\U\:4KGK)5A1!W^=!U+K7O+[X;*G"H+6M2\Y(QL!V&U1Y
M,BW-L!V6QI001I2LYTZ0DA(_FP``>W6O+>%(=`.3CM4*\+@QK<+C.;YC;)#8
M:"]*G5*/X0>W3)(["@X621<KM)>Y-O2F.HD*Y:5J./&<[=!^7K5^N$AK!DP0
MES<!2T$'!SG]S2!9.-KK'XEA3'G0W;D+Y7NC8TM(:4<'`'4CKD[[5O2Y$.6S
MRW%(6VL=#NE0^=`CKMQ4I*406^6M6K21D9SUZUV,30"&8;(2'`2G0#A0VS\]
MJ]S0(5P>80LO,K`+.72-._Q#(_>JMP%2'`"_LD@*,M9(4>AZ#./%!9-QE:GE
M.LM+`PCXDYSN2`?J<UZ<96R@\P,#0`-*4#`.<@C;'7O7*+'<Y?O0@H`<20=3
MZM_AQD!1Z=_G0ZI*&`D$'Z^*#RVXK&2E&Y43\"<'(P>W<;'S5?-MS,]3:I/Q
M!"?AVQMX%7,B`W&MS"W75"2X-?+[)2>GUKY997O#R;/*1SHKV0G/5DXSD'L*
M"+&8;882AM`2`*8>$3_O<D#IRT_O2E%F$2'8+R@5MK*`?(!Q37PED3Y`SMRA
M^]`W4444!1110%%%%`4444!1110%%%%`@/A7,4%#!2HC]36=7*5<%WF<6990
MTVX4A*U91L.P.16DS1IER4GLZKK\ZSZ]0F!<)#;K9"7%:_A)&YH*>3-2V@A\
M1GW%=DH&WU&*IGI*%ZM,5*2>R5JW^AJ6(S#\YUII+B&&MB5'))KA<9267?=8
MP0%8P2D;@^*![X+YKT*,TELEPG0$]_2G^'!B0V"J0R52UD@)6/PCS2W[+HR4
M(`=!*VV]22?)V_O6@RVE.(("4NC^11QCY&@BHCP9[);<BM!8&Y2D`_,$5C_M
M5C.VSW"*LE;0<>6E8'7(0!GUZUJL1IYB8E2&I0W(*5`:2/G76_0+;=&$1;BR
MRL'XT)>Z9'K0?EX.J6C"4E6/`S6U^S>+=87"G,N"%EIYS4PA>?@1Y],FKZVQ
M[-:FA#;MD=MI)_$V`I7YG.:G3Y3L&*B9%EJ,91`"5HVH*:^2H:K0XDM(9DH6
ME:'$?Q8.X/C8US)8@VVWSWHWO3;DC+Z$_%I1@XV'KO\`0"CB9Z-*X6^U4QFT
MOJ=#64Y&3G<X[]*6+5!5=;=[U87G6[HSO(BAW&M/\Z/ZB@O>/&Y,I3,^.V9$
M!38#2VD:@CR#CI2WPM(<9O<-HM+>84O#K0&1C!R<>G6O">).(K:ZJ.J9(96D
M_$TZD9'S!%=4<7\2R@MAE:7B0=0;8&0/4CI0.D.)!NLY4:%=%:$IRE+K9U:?
M`SXJNO*5VC[R$XIQA_4W[PH$$*22%)QVW'UJ+[/9;9O@2LZG%,*"!D#)VZ9]
M,TPRWN:GB"WKAB0AA]+ZXV<N<M:02I&.^02*#.GISGO;;BEDJ*MSTK3N#5ZY
MCBAOJ8R?S%9/>6$(NNJWI=<MZU)++RMPI.!U/8YR".W2M0X%VEX.WW!_<4#U
M1110%%%%`4444!1110%%%%`4444"+<_@NLQ!S_B%0^HS2KQ.VT%,NKU!)!R1
MU/I5WQS&N+EP>%MEB,M1!5D?B^$=^U4S4):;:TS.L:+A-""E4AR8<%6=C@GQ
MM0)JVE2(^>;R$K6-2T#<C.#7JW\/,_:I6RM;C0P4<SJ,^?6F>9!Y,)F*GA2"
MR[);"FW>>%$8P"K&.YWKM*MBYT!UD6>UP7G`/OV%*4I)R#D;;;#&,]*!BL!3
M"=4A&$@-@@GR"-OR)IL>EOM))$1;P/X"T<A7S\5D]MEQ+1F*J[KDRRL`(P5D
M'II`&3OXIA1Q)+9CI2W#N:$9T85%5A)SC`)]:!EN=XE03%4Y"_Q%X4VA06K&
M/T_6EOB>]*ER+<TRVI+B-;C@&XTD8`^?7\JYKDS'L)<M=Q5)6O(*V"%''4X\
M8JCD7FUMW=Q#[Y8D(2&U<U!&3U'[T#DW!@M1TW&5>6S`&Y.G23_E.YW].M=;
M["F7:"TMI]J%%2`6F700I9QMJ_EVZ#>LVN-T==N#EM#*8#*\ZGY)(0O'?`V^
M6]7TGB53UN;A/\1V1U9.%/H2O*<'8D9V.,]/%!)NRRFWVNPM)*C'^_DK`^%2
MSG8>>I_2H46QQYU]>=X:NJK9/:/,]V>'\*M]2%#JG?H1M4%-[G2+ZIMIA$^*
M`E'OC8*1C&21J[#./.U=;A99LRYL2+4XJ/-&>6Z'-&G;S0,LJT<9J0!*-EO"
M4CI(:`4?3.!2A?#Q,IM$&5;&[3!U@%J,@-H<.?0DJ_:FM#_$G#<"1+O/$4>8
MD(&AAQ`UZMNBMCMOMOG':E20F5Q6ZY/;G"&@+(;2#D*.`"KKG)(Z^E!=V.SQ
M6;W;Y[\H1TM_$4ZPG*@/AWIHOESBI=6W%FHB2T)"B^@)*M/72?0X[]*S"%PS
M<XLXOK$*>-)3I?)(R>^X.XJY$"X&0RL6+AU&/A4%I*@O.G<C3Z?J:"8Y)M\Z
M&PPT_'<=SDE*T]0>NQIGX4"4W@(2-@RK]Q6?7CAR1/NCC,A%NM[D4E"D06#I
M6#@@]NW2M#]G_#2K.R92Y#ZPXG"$NGMYQV^5`[4444!1110%%%%`4444!111
M0%%%%!67JUMW*/C.AY/X%_T/I220XPM<>2V4.HV4DUHZG$).%+2#ZFJF^6Z'
M<F-1>;:?0/@>R-O0^E`G7=0%YA-'<,PD!7H3DT:@C8[I/2JV;.2N^/O25-H7
MH2TI*59`*1CKX/7ZT&X1\8UY!%!%=X<M@E(EQ6UQWD*U@M+Q@^0*LX=O=NC_
M`+O,O5S4SI6I2>8D=!G^7]:@HNL4*(+N0.X%2XEY@-*D+4LAPQG$(.GJHIP!
M04T"._*C!4NZ7-8(QCW@@8\5-9MEO0^J3[LAZ0HY+KIU+)^9J';I[<>(AIU"
MB0-Z[JN4/&P6/RH+0Z%#"D;>%#-2++RV[S%RPV$.DM*.!T4/EYQ5`;NPD?#K
MQ\Z](O:$N(6G5E"@H9\@YH/MTM\UR,[!@33%=8=4@G3^(`[#/4?2H\.TOIB-
MQ9MDBW*01I+RY:DJ4LJV.2/!`Q4N=>F'[G*E1VUI:?4%Z5'<'&]?8=[0Q,9?
M6P7$MK"RD+P3B@AS1JDOQ&N$+,AZ.YI4M3H7N.WX>E?9-L5-AO1T\/62W\U&
MD/,J65MGRGX1O7-%VY;\EY4?*WW5.$D^237M=\6H?`TD?6@FV*VFTQU-+G/R
ME*Q^,_"GY#M5DIP#.K&2-AXI:-Z<3^)"4I[GO4FQW:/(N*1(AR)4=&Z^2!U[
M`DD;4&@VNUMW&>+P^VI*"TVD(4!AQ21NKY?OBFJER'Q9:GREAH+;>`V86`E6
M/09W^E65KN:;@M]`CNLED@'7CXL^,4%C1110%%%%`4444!1110%%%%`4455<
M0R%M0"RRZ&WG_@"M6"E/51'J!T]<4"[=Y%PGW-R/'?;@LI;4H/+2%..8ZA(.
MPP-]ZK3%C%AIWFNR''$A85(^)2D$?BZX`]-JFGFO1ER$(4IV0E7XNB&DJ&#N
M1U/GJ!VJ+>9C$=$N7L&(Z#RPD8&E(VQ\S^]!EM[6RB]RFH+1;9:7ITHV!(ZX
M^M#"GUI"BTH`_P`/BJQI:E/%Q9)4LDDYZDU;LKV&-J"0RAX[%M6/E4@<U/X6
M5X\XKRR\,;FM"X5X5;E0DSKD5%+J3RV0<8'91/GN!0(#B5J!&%#R/%1RE0_$
M0/F::>)N'G;+S9AEM*B./Z6D$D.;COM@]*64*:._PXSU)H/@QTUB@;G\0KL2
MV`#J2,]\T!3><!:30<]"CN,'Y5T90\K)0"<'!KXHLX45$:<9R#5BB)(BPD2W
M&W$QWU?=+6G&L@=J".EIP@E;>`/)%<6XDIYY+45(<=6<)0D[D^*NI2UV:.T_
M.MQ?0^@+2ZETHY)_A.1G)^?BJ^/<?M:8RT\\I4E&7$OZ@%MZ!D9Q@$;>!05$
MYJ6P5-.H"'@K20HX*3WVJ\X>"F[6I2,*2P]J<3T*QL2,]B?-4G%KQ?N\RXQD
M@0R[^('8J(&3GOOFK3@]T2[9<HP_'E*MCV((_I0-BK?;KTEL/16RE<02F-))
M<3DD!.<G<8W(]?%3.#G9MKX@%GDO\^')C*<BN+42M*D$9;R>HTG([]:B\-N.
M/,VE3;C:'&$&$^V5$#(42E)`_F22?&1UHNY3%5`O*"H?9LD/9(R2R?A<&/.D
M_I0:717P$$`CI7V@****`HHHH"BBB@****`I.N$Q5RO#T5HKY+:O=\E/PC&[
MB_4#8?,&F*]3A;K:]*QE8`2VG^9:B$I'YD4M0(9CSD,LE1<884`4`*^)6Q4<
MD=R3ZF@ZLZ%0WF@5J0VVF.V%9)P3JR20,Y`^FPK/O:-.]WMS,$$\R2O)_P"%
M._ZG%:.3H4&=]+:`@95JZ=2<=R=ZPKCZYHN'$TKE*!:C_<HQT./Q'\\T%8RL
M;59M.[;&J-MS`&>_3UJ8VXH$#?(]*!@M\F.U)9<E)+D=*TEQ*=LI!W%;K[R2
MPTJ,H)96@+U#8X(!V\;5A_"-ON%RN/\`N-O9EAK=1D$AM![$XZ_*M?<D-P"S
M'N<M+LI:=2FF6\@)Z9P=\9(`[DD;4$:[7&"JUS_?E.^Z!"FE*4D+258V`]<]
M#YK(8V@I!P/D13_Q#;]'!-U"777]#P<0V$X+6%;ZAGIN3MV(K-(S^D)1@DGH
M`,Y-!<-Z`GH/RJ1`C/SWQ'A,*=<[X&R?4GL/4U.A<-/CD.WMXPFWO\*/D<YS
MZ?P#U/Y4PH@_^'RXD>,I=O7\*FXC^VX(5MC4>@R?7;&*"L8?X>X?CKFSI$:X
M3$[H2%#DMG]U'/?IXKRB3+XF2B3*6IQ0'W"-)T`D920D'`V!W/:EGC#ABW6R
MVNR8Z0XG!!2'=#@3_P`.X*MOKUIWL$AH1HRXR6XL+0D$ZLDG&4C)ZG<;#<;X
MH.-]L+KEL2E`YKS"=\8RX,]`GL!OM6<S)HMEM>1&!0EY0#Q3U*?%:>S=8D9Y
M;HEA7+4H%#J3S5`Z<A/4C(U;GH<^:SN=;FY:'4K<#;9)(`W/7^E!1+X@+K*X
MR8Y#*L@`CH*O/9])4B[+C9VD,*3@^4_$/V-5:>&IBWG/=2EQA"@"5NA*L=\;
M;X[GUKO#3"LMTMTB05)>1)1JY3X<`3G&20,=#N*#3;%AEB8PLI1*9D>]_P`N
M6P,:BKOI/0=L]Z8+C&1(#\53:4M/M`*1L=.I.X/YU5O?[K.8<9:0X\\?=L+&
M4E*S@YQ5_.9=86T5.-J"P$#EMD``#;)).]!VX#G.3>&8J9"M4J(51'SG/QMG
M23]0`?K3'21PFM4'BBZV]6S,YM,UD;?C'P.?]!^M.]`4444!1110%%%%`445
MY=6AII;CB@E"$E2B>P'6@6N(_P#>KC'96V2Q"3[SG.Q=.0@8[X&H_,IKE95+
M:AO.%PEY]9*1HW'J2>O[?.JZT)D27)BI9P\_KFN)"M\'`0V#X"0D'US5M&#O
M))>92V2$Z-((SY.Y.0.FX%!7\22V[38IMQ60!':*O0GH/U-82Q&M,J#)G,2C
M)>0I&II+F/B6O`&<?,^E:7[7;O%BV9%ID(2Y[Z%$@DC`3N/VK\_LR)JH*H$3
M4TRZYEU(.SBT@X^@!_6@?6_LJWW.=:VWV)SW*)0\E6H(P<*3D;$CTS7=BT&7
M<(T:,^`IY6"DYRD8!SZ]:H(B&XME0S[O'4[JRJ6T3K5D9*-Q@8R.E1Q<)JG%
MRDAP+3I4V$(*@#C`S_>@_2+"(G"O"SOV<R%K;;"LD?C62!K5Y`SD^@J$4VV9
M$::9DR=WT+>GEH<Q3@!5S,G=(TC.3LE.`!N*S2U<<3F$MQ9EP>94D;+4GF);
M)VP?3QGH:LI5T4B:N[19DISXBM^)(=PVMP-X0O1_$H$)QG;\J!MBIN,UIGWU
MA2$<I33BR%)4XVI.!J'DI()\'US4V'POP[;WH[;#2XZG6]34A+Y+@6.H!.<;
M=*3>$N-+HB>U"O;ADV^0K25+2`IM1/4+]#US5GQ/,N_VA(8C-1FTLN@(<>7C
M4=L8/?8Y./!H+/AZ!':]_DSI"YTQ]PJ1(F#5EG?1_P"G/3N:M)D9N3J$5L,R
MV4EU)CD:E*(Z;D=P#L0-_6JJU0+F84*$'68[2&58U*/..#I)TXZ#*3OV..]1
MY[+L2XJ@3G5/*0VAPZ"6@\@[+1MV!\=0:"FXUC7";$BL,17)%SDH.IMM!YNG
ML%]B=C\6P_.I,6TR;/PWSN))$6%);BI;:9;<U.Z@"$YQMC!Z"H%XXEXB?]ZA
MVQ,.Q1FCH6]C``/0E74_2DV+=;,V56V?<YLLN/%U=T=&M258'0==(QVH+UMU
M2V7%.+6X-/PA2L[]!_\`%,,G@^Y0X;+SAAY."M.LI('C.,9JOM7#:GHXFVB]
M0;E'"@M:4*(5ISO\C\ZM[](OL9]ZYPY3JW'S]Q'YQ26P1V1OD>FU`C>T%3-I
MM,.(U,6J5*4%:0RI*4)'50*L%74#I28C#EM"'I"6TI6=`42I6D]Z[7MB_P`F
MZ2;G?6YSJTD!#KX*A@G`!/0#TKS;DR)EU1;K=&$MP(TI0=]:NN:#>(:T7GA2
M#):6</,(5JZ;XP?U!J[;DIF1X@Y33193C*%DA(&P2/7`&3]*3>$;==F.%I]N
MN6AM]B6L(2V3A"5)2K`^I/IO34F5[RFV3FW5,%]094TI2BVA:.H(&P!`Z8H.
M-W7[A<[->0<(BR@T]OMRG?@43\B4GZ5HE(UZMZ+C`N-N4"TAX+;0<;I_E(^1
MP:9.&+A]J6"!.*M3CC0#A(Q]X/A6/_R!H+6BBB@****`HHHH"ESC"2TIB/9U
M!15.4=82H##2,*63Z'9./\U,=($IUNX\1F2IP);><]Q94H[<M*OCTX[J6",_
MY10=$!:X#RT!"C<,I2DJ"="$G`&.^3MX%7B4Z$I:WRT@(5G^;J:KXZ98GO*8
M<;CQXV$?`V#AL+SH'<[?J:^WZ<(%HER]*M1!T)0-RI6P`]=Z#&/:U*9N?*GQ
MV!(Y#RFE%&<I0`=SZ9!W]:S_`(#4Q<.)4LN<SEI02VE/XEJQTS]?TK;65*D6
M9F,[:SSD*U+#.%<OX=1.PR3CJ!YK+.)K-]B\2P;I;6@(DY/P\HX2%G;(/;.?
M3O0/G#'#EN=FMPEL?[L5%6AS!RH#)QJR=SZTP\8Q)%L83#@`16'4$./-X*O)
M0!C8>HSTQD=U*W<6P["T_!@1T/30VL>\8&$K(Z`D$J(/T-0)-XGK9,F=]_)>
M_P`1Q*LKZ;DCH!\J"FX@#L-#B(SC;RGP5(6!J(\I(Z@[9_O30A]R>B+)4\DR
MWT#6\4X5I2@)3@=AT)^E4=AM-ROEP8N3(#42.\DZW/\`S5`YTI'?U/:IES1<
M+7Q,_"6PZI260VTE2"<`)&,`#H:#VB(W+0]@N1WTZ=6A6`K5L"1W&1C/K378
M)JC9Q>+BXN>U#89:7%2P'5)2I2AD)(W!^')ZX'7I2E(?D0;8A;[!]Z0V4(2K
M.5ZCL#^^.V*L^!;]!L<R.94HLL&,I+R\XU?!G`'4D$=J#0+<+E?41)[[[L:+
M-C*>0S#QK!TC"=2AE)4,G'0X'BN-SA-QV6IK"^>NWDQ)[B\ZU`G\6^VQ(SC?
M>DL\6/B9+8L\*0[<VY;34=YA04RXTA96"O'?2M0)Z$*]*;8*)+L6<B4](Q,?
M4^8\$%39)QL,CS^=`L<0LNQ'776T-K2ZT>4E:0H9'8`^03^5>^(T<;\-Q6'7
MHT"3!D%(+D:*D<E2@,)6#T^?3Y5=\76[W=J*J\%;$9Q:DMJ:P5((&V<]-OK3
MI9'&KAPM[JY-5."F5MJ>?`U+&",GM08)"EW";Q28BE,\EL)4IQEK2%*.Q!(Z
M@9_2MA;MT)JW.@,GG%(.M;FG<G)*L';`^(9.3L*PGA2;)-UE(>"T.,@'XM@"
ME6-OK6N0^)C(MDN,E#96LZE)2G6=/D`YU$=-\[?*@B\3);;9`<D0X[J70ZMI
M)"M:=L$D9QG&<>M(ES4JS\4-SK6E+3ZRW)0A"?@YA)R$CNGI^9K0>(Y=F?MS
M<A$%:YBTZ'.6E10A13L,=/I60<?277)K3^2&V@&T$#&$^1Z9WQVS0;O9HRH;
MTE,VY\^=/U2E,)2-".@R.XZ@8)H@-\RUW6(IM12S(2^2$:@X",%._0CKMOBL
MI]G=PF/\26V7(E.O%9+)*E_"$%.GOZXVZUK$(<NZ2;6K4IJ7A[7JV9+8*LD'
MJ#L#WH+PH?0F,N2A0>6T`O4D)RI.VP&0-O!KCP2\(UQOEE)`#3Z9;2>^AX9/
MTUI7^=1>'VW!:Y#H+R]024A:2D!()PO)ZJQU`[8KUK$/BJTSTZ0B2E<%TGJ=
M0UH.?^)&/^:@>:***`HHHH"BBB@J^([@+9:'GPO2ZO#3.V?O%G2G;YG/TI,A
MK1#N#<"%',^0ACE-C7HT8&Z\]L^?6KKB9]+]T9:60(\!!?42>KJ@4I&.^$ZC
M]15;PY&G1V[C<&FVD.O-GDEU6^`<D@=QT^M![A7!UBXIM,B"F(I:,A+)"DJ3
MUW4-S^=5O'TB.I4"TOR4L)D<Q94=MP@Z!GMDU:<,LAXR9TDEV:7"E3BO&!C'
MC;%)/&K,>\WEQ\.+;5''*;<3C&W78]=\T$'AN(TY*=,%4E6ACEI4I?+3TPH!
M6`"2%$9/4XWVJ?QO!1)C)2VV'=+J%-MD9!PH8!'CL?3-=;/86("$R!.45NIR
MO+Y=*OIT35Q'3'9<4[NMU0P5J/0>!XH,5XK8^RIL1UA*$MK25*(&,.!65#UQ
M56+A*NUQ9C)!0MXA`[#'<GUZFK3VBF3!XBG(CI4N,Z4/`H.>6YIW/H2#C\JI
M.";?<9_$,9Y]9AMM'4EUYM13D]$_7/6@VZS%J)'AM``I9=^$#R$_OW^=<+_=
M>9,C-P\ORPE2M;ZPG&=CJ5W'8?*N/&#K=BM<8Q_CG.'2I(_"DX/Q>FW:KC@-
MVW.614E+!=>2"H@(R7-*2"<X.#G<9\8%!3VNTR;F]BXPWU,`@MMMA26B1_.H
MIWSZ'O2SQ!`;F72+8V-?O=O==6C0R05-D`I&XSODC?P:U:2EAN6XV')*FE,I
MW!^+5U2%=OX5$X]<GM4.;$;<*F&E^[/I00%J;*#J!\GKZ[_2@3.'+(;(SKOL
MQBU07"%K;1A3J]\9/9.,X(Z[]*87?:19[;#$3AB$7EI&E4A[\(\''50_(55P
M+=;;GQ#*1(3;Y32$I6H7=)*M7\26TZA\6>M7/$]EX<@1H4N#9[=#`?25QU(T
MN.IS@]"4A/?>@SZYWJY7^X-O7"4Y("#DHR0A`\!(Z;5J7#3DB'#:CV\M.JEJ
MPA.<AH`945>IR-JI>++%PW;KE&$9D,+FMEXI#AT#&G&G`[G/H:9;%:A;`ER%
M'?#[_P`1,I92E)_BV.-\=Z!0OUC87<G)4N"XA*V_B6TDI=2#N=\86,CIBJ=5
MOGQEI,'-P85C0ZPV2KTR!N#CZ&M?4PIJ,MI]^V@ISIYF^!OUQN3TS]:IQ8VX
M=S;FV=_3$?042&VW"!I6!\23VQU%`DMV;BN<VACW62TA!&@+PT!@==R-\=ZJ
MKQ[,.)[JRE#\NV0P"#JD2=6!_P`H-%W=ND.3,CSYKX=BOK:4L`Z5D#`.>Q(P
M<>*0I4KB29+,BWB2^V%$)0XLC;.VQ-`SWJR+X#LT5USB"W3EB4%!J.#EI>,Z
M]SG^$"M:O4LMV]F[0AI=4V'&W$[8"@#^QK,[8Y/N,5F'?^#8#R`D@.*4VI2L
M'!]?/>M+08[G"K;42$J.PRURT,*.2@)VQG)R*#DTQ=S8!Q";N)"N6MU;3R,I
M`2=TZL['TQ782!?;$7TM*2\A06D).Z7$'(*?J-JY\/VENX\.)B294E32Y">6
MAH`AI92?B5WQG:NO#KQ94Y;'4I"F`-"D]%#)'[@T&@6Z6W/@1IK.>6^VEQ(/
M4`C.#4FE_@\\F`_;R^EQ460M(`ZH0HZT`_16/I3!0%%%%`5X?=;89<?=5I;;
M25*5X`&2:]U1\5.:K>F",$RUAM63C".JC^0_6@3Y!]];2\VK,BXO>\!)SLDX
MTY^20*:I[#K-K2@*:;4$<LJP=6.N,^/-5MFBF;<US6RE++8*$C&>A&3_`$KU
M<5&5=V6'WE.,E*UJ0,@8R`/IUV[T'`S6;1PG(NA2=+,=;YSU6K&?U.*_+Z>+
ME*?6I^*IQU:SD%>XSN3TK:_;IQ&JP\+16&6T*<F/A`;5TT)&3_2L9LQN-^*4
M^[L,`_%G2.@H&>R\?,L\ME<9U0)TA*3J.?&*U.&)+MM]]>BMPU*&6V+A(3'4
MKU.<D"D'A^QN0[TQ`BK#<QQ03[PH8*<C)P>H'RK3(G#B+$Q(N=X6VXPA)!;"
M>87#CS@D4&;<.\(S9=^E+FO1S*?=4ZM]#Z5LH21L,]STP!TIAXA".&XGNT6W
M"4MU&N0X,**CG"6QC8?S'Z>*=RB-Q+PISK-`1"=:)3%0XE*.AQGT21DX.]*,
MC@ZZ6Y#KQBLOA:=4A]Q]!)QT2D'H"<`G:@1;U]KO6N).N3C+27'2TU$"];@2
ME/XE$;>FWS-6O!_$"[)$]SD-I;"UZV%*&ZB1M\QZ;#S2-.C<2"YO/7*-%1&R
M22F2E1:`)R!@^0>U<#-U(+?PE)W2O&XW\T&_0;NVH,M)0AF.RE05D`E2SONK
MMDX^?RJ1+DI7(6GWH\E1!2$MA93J(!W/7<DG?IZ5B5FNZS%E1WKF(J$IU@\O
M6M9'0)/8U/:OY$Y4P7N1J6T4J#J5*QN<'KU`P?F3XH'Z5+GR_:"J-:?<S)Y8
M"7)3:5)_#J6KY^._:K_B"YW2X\'RF9*8D"X%E+KL-Q?Q\O5@$#;05$;`YK\_
MP9/ODYV4])?;6%Y;6APA0/G/FK\"`X5//ER2ZK\3KSJE%1]230;&Y;E7(VNZ
MQUE#S3*"4<O5J=<2D:CJ/8)VV]<FF!J&I"H#<YY3RT)0"UG6-AT)/XAMG-9W
M[&+BW]HWF"9"W'`TRIIM;A5\*2H'3GQD5HY6J--6Y,=04.+):4M6#Y"0.OZ=
MJ#[<[-%<3HCO%B2YDAPDG"?X\`8&X41OYKN&?N$R=2W'5H2#JVR!TP-@*\MR
M;<EUHNS`LMHTI&X;R58SXSG8?ZUTN,Q+*5[]*#->*XZ&^(C$6E3:+JP7EN*)
MPIUI.$C\@G\JSVT69^(Q"+P=E.2%`DN.*T@`C;(!QGSVZTP>T+B$JO5NAD%Q
MQ#A<]&P1@?/)&?I3KPK,4KA-Z1)9"'(B%<Q"4Z2HYR,CM_K09A'L9O\`=K:Q
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MI3:""`0<@T!1110%4-V4W(<*%`;`A*AU'RJTN4I$2(MU:TI_A25'`R:3S.9<
M45<]L_)0H),*6;:1#C6YQ>-TNZ@=1/7._6I,6*^N6J;,TAS1I0A.^D9R<^3F
MH*)"$D*2ZD$=,&ECVD<2WZUV1XV5#;I*#S)"-U,#R$]SZ]J#)O;W=6;UQ]$M
M##P<8M[&AP).P<)U*'Y:14KV>6.]W::TNSL!*(Z@52'!AIOYGO\`(4D<$0X<
MV_+NE]Y[\1#A4^E*B%+!W42KK6G\2>T]"XJ;+PG&%MMC8T:T)"5+'H.WSZT%
M[Q+<K-:-;,!7O]Y7\*G<82CKG`[?O\JXV+C>^6^/AUXNK43]VI/P@>!6=VI:
M''@N0L@+5C2-UK/7;R:LI-UCLQDI2V4*7_AEP)6K&=U''IMCZT&E/<0\.WQ"
M5S3,M3_0O1'-*2L]B.A_*J'BGA7C&1#:5PG?TW2/D\U8=`<P/\IV/T-9G<N(
MV[6VC0XTZM:3J:Q^+;8GQ_\`-2_9S=KFXU=)R9CX[A/,TH3WSX`_TH)L6P<1
MO2A"F.R5R5$@I<0E(`[DX'3?K4*\<-R+2G(0Z4`X4DC`V[CR"*W&Q76^2+:'
M94-4K"N7S0DITI`W*5'J/%0.).&K5Q`VXU9;DB-)&-464I6D9W[';;Z4&.V9
MJSEAYVXF7[PI!Y"&5(2A1&V%D[C?P*H;T^W%BNNLI`6-*0@J)SUR1X'2F*[V
MF9:)>9$=QI3"R.8-PDYQDX_[WKMQ1;V;O8ERD-(;?82DJTC\:=MZ#/XMV>0V
M-+*E'N.PJ<F]3BR6DL80HY(4>]>+5%0_+:8"5%)4`K2,G'?%:2JR694)I3<5
ML+2O2L`%2R,[@IZ@@`^,Y'6B,_L7%-XL%[A7AA"![NL:DC.%CNDGU'[5^I(?
M&%NO$6W7"#"1+4\"6M)!6VK`R-^AW.?D:PJ[\-A=KDMP;>XL(*-"4N$J5DYU
M$$8Z>/-1.#;I)L4^99TDGWE*BRVX-.E>G((-%?H,<1.R#RY%G.G)6/B&D!+F
MG\\;U6*XBCWA;Q8#C80=*D.C2<XS]:GLO0X/"D>47?>S/0V(C:L:FBI(RD*\
M`YWI<F1DVYHL%2>8C)=/1*/\OR'7U-!23;<T9[URY+.HD*4X=U)P/)Z?2IC,
M:YNQY<UJ06HK;1=!>.>>K25!&G.=TCP?RIFMT"RLVYJ7>G(CKLK0MF&^O!Y:
MC@'0-UK5V&/`\TJW]V=PC##RU,HMLR4\VMADH=?CK*,)2HG8G3IR`>V#UH*Y
M/%<N6A89E!IUQLK"D:1G&#C_`$KS,XFO$1Z/?;XZE7(4V$J:2`'!U2#VWZ'%
M+]T1!E75B=`=2W%D/(;0M0SS,I`4LI&,$$$8`J[N=FC/N\MT+G-+:2$-!PM(
M23D@!'8X(V]:#5&FX%_B1;W;)"DE20M"QL4DCH17MZ+-E+'OEQ6"@%&4I`4!
MW`\9P,XI7C7%JVKM<9J8J-$A0TLAEO<O#2`.9D=NP&]3#Q3!Z?&?7%`R/J`^
M'(\4R69[GV]HD_$CX#]/],5F"^*H>?\`"</Y4W<!WE%U$YMMI2$LE!)/<JS_
M`.V@;Z***!6]I*'%\%7531(<;;2X"#_*H$_H#61\Q86`@G.=@*W+B2-[YP]=
M(N,EV*ZD#U*3BL#M3H>9A/.*TA005'QTR:"^,.ZM*93(?1&6ZK2TEY\)4L^`
M.N:YK$UUU</W^,](W2J.F2A2SY&G._RJ!Q5&N3$^7?&4QGXYN+3C!3(*BC;&
M-(Z9SDTOR8<>U3U151FU2HD]MP/`J$B0DD*P@=,#/6@CGAN;$E2?L5+32'2K
M6A9^+).Z`GQXKQ']G<F.VB3<9Z8RW%'[K1C;R=6,=:?+UK:O<I:%:5<SF`CJ
MDD`X^8S4YN9]I0YBKC+(6$DA_8+C[8&/\N,[[XVH,RNW#<VUM+:CLN/LIR%N
M)&2A6VY[8[YK/KI.F'[DJ0A*59)`WSWW]=J=K]Q7<+Q%3"*4H`*N8ILG[P$[
M#T&`,^<53.6)#R742RM2D)SI8&HC/DT"9.<A^Y-MM++CQ5E:_%:'[-&"BQ+D
M\M*U*6K0%#.^W;]JIK=P()+8=5+QX2L:=Z9K5$>L06SJ1R%*!04]`J@TGA>_
MW&VJ,E^Y,<E60A,I6$K20G&G&`C.Y.=ZOKA;.&^*'E/6ZXIM]U*]1+3NIE]0
M&-QT.W<8-8ZPY/GS'5J,5EE&S:7!E.#G.PZ9SDFKWA>(U]HDJ;90\4J`6UG2
MG;8_6@A<766\6YY3UZ:=6A2=`D-'4T\1V41Z9QWJ+:7FSP_++ZT[-E"03N?`
M_:KFX7A]F([$G.J7"2G0XE>^A&<G!\G`'RIH]E?#]D5.EHD-^\<YE+T=#Z=D
M[_$0.BB,IWH$5C@Z&[+BRX-[B)B*:!?0A.AQ"P,X(/<D]:8XACQKB@1%"0@8
MUNE)&HXW'^OY4BW5B]V&]S(MVB28[SKS@2X6SRG@59^`]QN-@<[UI7#_``_*
MB28:+G-9MZGL!.H:DK/<`]B.F_?:@98<=%V83&4IIA+:,%;`5D`=`>N>W4#O
M2UQ'9;);7V[G<2Q*GM(28<4)`SI&Q6>^V_C(]:9.(N++;8&785@0T]/(TN/X
M!Z>2.ORK*9UT4[#2B0RVY(2XI:5`?$G(P<'Y4#WQRXMJ?#A@!"8["2E*=@DG
M)/RZ5(MD6VW"P.,S;@%2WDJ!*U?X6#D;GO@9WR,;5X]H,&0;E"DI;6XIV&AQ
M6-S\(`/ZFD%<H+D9)(#>R2GSW-`P1787#/%8G7Z<^ZPEE:&'VV]9YFG2DIST
M*0=AVVJ0J[\/Q[9%GR5,QUI"OLJ(^OFNE"EX6\H#93RSGT``'DU43+E%DQS;
M5.<]HM@+!&`%''X?EO\`(^FU(DQMRT7!Q<133[;S6&W'AJ6C?.0/IUZ4$A2H
M$2\<N.^^8S3VJ1O_`.8"<Z<>`2!\S6EW"7`E<B<F+S'%C&EWH"G9*O7(WK.^
M&[3]H,>\JD(]P*M#R1_B.*ZD`]NNY_O3J0-*0,!*4A*4CHD#H!Z4'E3;CIYJ
MW$ZEY42M6YWZG\C7Q$92TK6EYG2A8;4<G91S@=.IP:[-R7V4\M*\(QC&D';\
MJ^.SYR""F6Z!_EP/VH#[/=*4J+C>%#*2,XS@G'38X!IY]C8=U7U:AAOF,)1O
MX02?WI`<DR5C#DAU22,8*CC%:+[&T@P[V[JSF8E&/&&D_P!Z#2:***#XM(4D
MI(R",&OSYPV@0[B]%6I*%QI+["5*Z(5E6@_0D5^A*P.^Q_=N.>(HP&$+=0^!
M_P`2=_VH)UKG\26F(H$2YS_PF0F:PHI95@YTJ`^+)&!CIFI2N,KGS!S++'1)
M2,J2XE25(_%MG'7`!^M5294E`2$RGDA'X0%G:NS,^ZN.ML,SG]2U!*05Y&3\
MZ#G&G+O5OF+?"3/C+#WPH(/)6=@=L$[C]:A.-`(4EY!"5`I(4",@UJ+3T2VQ
M4B0I:G-("EJ02I9^@_2JN5>6)@4V(S2VCV=3DG^U!A5\M#,-E3^-;',P%?R#
M&P(^=1H*$A^2EEW!6`MI0.,^16CWR#&0A2T)2IA0PXT=P`?Z4NQ;#;(Q&ER0
MH9RA!P0@'J,]<4%%8[JXY*;CR)6%LG[Y#VX6,]*F75<:=(0>8GD,ZG%$*Q@Z
M2$_J0:FSN%[+-G,REF6A*/QMI*<.GR?'TKNQ8;:QS=?-D<U.@%W;EIQ@8`ZD
M>305]OMEU<"-;R4:\`?#E2A^U;=P]P]"X<M#SL]Q#J'$I4K[@I4G;\)W.?KW
MI`X4D1K`$LOKDW&.DC2V\E.4>0%>*N+MQ;+N+BF%HT0!C2T`,G!R-1[^*#LY
MP>UQ$Q<G(\UA*'25,--D*4D?RJ&Q2>GFOO"%LNG#35MC75M*UQ'2&7\G4X@[
M*'3^4C(]*]2N,TK4@-VJ.VRE&GEA(_,*&"/I2Z]<52+@U.>>EJ<:20A//)2,
MC&1GZ_G0/'$%WC6+BET7EME^V26T26"\!AE23\6G/?5@^=ZBWJPQ.-XL5[A_
MB%I-N#A4XRV`2>N0A7\.3U!%)O%LB/Q7"@1;JT^?<R2EQ#V"L'L=L=A7JSSO
ML=MEFWI<989SH;2L``GJ=@,_6@9;1[.8H6ZS*D:0E2@A&LE1`Z'&WFJSB'@.
M-!CXCRY"Y2]DI"<ZCZ#KC%=T\8W!#+J6T-AYPE0?7NM)(QD;5]'&%SY"PIMM
M;SB0E;_12@/ETH++BV<W$X2M+;DQOGM,H;<=4H91\/Q$GL<"LHO5R@EQ"(22
MA:4#0&VROF^.G??KWICF21-CNQGF_NGB>8E9U!8\?*H3$2%%(#4!D`="2HX'
MYT"X]#G-I+LM]#).Z0$;YQ7*U6!NYR%/RI,KDM?"IT^-S@`[9)_J:;9+4:3)
M][>B1UO8TZBD[#QC.*^I`2D(0VAM`R0E"=(SW/SH/*6FV$H:8;#;*!A#:>B1
M_P!]ZDM`EM:SA+38RM:MDI'DGM7A*->M2B4MMMJ<60,D)`WQZT@W:\OW-W!/
M+CI)#;*2=*!Y]5>2:!T?NEF:&%W6.58Z-A2_V%7DJR36HR'N6EYI2`L%LY(!
M&>E8[]T%H*\E&1JQUQWK]%6BZQU1(_,^%M38+3AZ%.,`'U'2@S[;88K2/88>
M;PM<).,<ZZ/D'R!I2/VI)XC]V3=I"HF.64!>!TU=\?44\>P-"D^SB$M9RIUY
MUP_55!I-%%%`5B_M(:,7VA1G,X3/@X^:D*_M6T5EOMDBE$GAR[#8,2BRL^`L
M8'ZT"DH_&EL?C40E*1U43T%2H2`S<F$EY)<0YNEA6M:<?+/2HHEQX3D6?SH_
MOL25K+#KF@N-E.-B=LC>AP6;WCWVVWIJ#J.KDNY*FR>H"DYVH'^'.8G,.L2-
M+SC1PK1W'8X[5\BQH2ROW:2O*3A25X)3^8S2;]MPFY3<R7?!(D,H*$\B.I.K
M/\RCC-24<2PI*1*<7RG0,!>0DJ'J#VH&:^QX2++-4^RVYI96<Z0#G&W2LK][
M8A01(E+P.F?-6MYX@5.C+BQ5K4A6RUD8V\5E]TNDYY2XKY"4`[(Q0:%PT^>)
M)JHL`<K1N5N].A/]*OYO#5PB1'):I49U+:-92@Y)3Y^59!P_>9-LDK2P5!+X
MT+"5:3@['!'H36VS6BF%PM(?0\Q%4VF))QE.EM03A*O`)`'UH,YGWYV,A21;
MW4NDZ4%0RE1]".M0&9G$LV6W&;9Y2G.AY>U;!,B0U.%-YCL14,W%#<9:4!`?
M;5NE&W7P?E1,=^SN3*EQ6&'VKHF,RM#02'&7#@8^23U_RF@Q^[1N)8$E4=;R
MW7$DA8;'X2.Q\=:MQ8[DS9FK@[?D)>=5H;:RDDGY=<;=:TIUJ7_M/-5,B*]T
M4URXCZ6DJT$Z<JQU.%'&3T^51WX2%V^ZIFQ8Z>1/;YCS+.G4T"A2M_D3GQO0
M8ZJY\112GG-%25'2DJ0-R=ATIW@\#3KA;&9DF]+0\_\`@1KT`G?8#Z&K?CQ;
M<*"2]`<#:90Y4E?+2C01G0@)W(&.XVJRCWJV1N!;==Y3:GV8Q1H0V=RZ%$`9
M^=`G\/\`L_?G.RS.N,A*&7"V/B(^+QL>O^E=+5P(MSB"3;Y%PDAME(5@+/3L
M<]\]OK5O99#O%EA?$%Y")J;I[VZWK(`23D;^!^Z:O+9>(K_'EV@M/(4I,=M&
M0=M:"=0^FH?E0+*>#4JN\%N+=WW(CX6H+"R1\'4;[Y]*KN*3$LVI4"?[T6P>
M8A:2"DA6D@YZ'Q\JF)XC5>>*XT2TO1K>W#YJ8Y=5\+BB?B)QM\6-AZFN7M9E
MV[D1HZU-*N2VR9`9.0G;X2?7.<9WQ0*#?%S*2`J&H^2%#]J8;=.8N#`>8)T^
M#U%9FPU(6XGEQU*).V4]:?>&`M,(AUL(6%;E/3%`Y6)^&(LYA\I0MW`2XH9&
MW\)]#FJYCACAJ>^MIR(6GW3\"D.$)!\`5UMBK.8TEJXK7'?22XAY.3E.VV.]
M=F+GPM$^-<N5-6G<`-E`S^E!"A\#6"-<%,W!4G7G[L.*`1GUQU%6\QQ5N>;8
MEL)Y+>`E'0%/^4U7.W*9Q+<`B`SRF$#&5G(0.Y4?Z"NG$UT9F-LVN"KWA#&`
MY(4.X&,)/[T%?>7X:GYLB"DIC(:(25$G.$[G>M7]C+!8]FE@2>JF"O\`-1-8
MEQ`X(7#<U0Z\E2!\U;?UK]$<$Q/<>$+)$Q@MPF@?GI&:"]HHHH"DKVN1#)X#
MN:T#+D8)D)_Y%`G]*=:B76&BX6R9`<`*)#*VCG_,"/ZT'Y\N'-*F9<:)'EAX
M#+3R`0M)&<`]0?E7@,V!S#;MFO\`"E'_`,II',&?3(S4BSH*K/&COIPXR"PX
M#V4@E)_:O3S]]B.J=M]T?0=LI)U`_,':@ZQK*TV@NQN&[Q-=`^`3"AIO/;*0
M<D>E4KEON$::I=W:2AYW?EY!P/IL!3%;9O%MP>"EW@-E#B`ME$=(R@G=0)\5
M5R''9EWG/O.J<TN*0C/9(.`*#U)=M-MBQ'Y#S^)39(Y3`6`0<$'?.U5RK=9N
M(8\D6XOA]E`<^]92@.;XP#FK.`7/OX"'2XP\P]]R<$:M.P3ZYJ"Y;;D_P0U`
M<@.)FQWDZ4;`E.<]<],&@I'^!Y2`%--.E8[@?#GY],5V?L7%CT-##\N0MH$%
M+"Y&1@=#I*ORJSNO#\=I,-F#(6^T5A^1`7("20?Y=\9&XZU33K7)B2H3LB$K
MW5V6I,:*^[@E'\I(.V30395BF+^SX5WO5P5->2%,)Y2G6F,]`HD['SCI5)=K
M;QD5EN8Q/E".HH0K6IP#!QD#.0/7%6Z;/>42T.MQ>2EN7K1'$A*C'3CH=_.#
MCTJ1:K1*B/QW'8,SW]#BRY,1*2AM8/0E1)V]*"/P[;>))-V2]>/M1M*8ZR%"
M5I62!D))SE(./'BOLTIG\,EZ`U+CO/32R4*F.+#@"25ES)P3L*C-6:[(E-RF
MH.EY$E*RMEP*`0#UU:B33#P_PY(N5JE6V<@QT(GB2%A0)T$$$;'8X/>@2S9.
M)I_+92AR3@8;U/%02/3)P!4A=M8MK7V9>;O,+Z/C7%AM\Q#*L?Q$G!5CJ0/K
M6E<:MS(MF1%MKD2WVQ"`AQU2REQ?AM``S_4TJW(+N-T^TK9"2\AUK2M<=\(?
M2=."E8)Q\]MZ"E@1++`3'D,7RY."2X6\,:6"CILLYR.O7I7RZ<)W!B8Y)MTM
MMRVKW8D+?2GF)/7*B1OG/SJQ7!NJX$%3C,)^;%?4I3#2F]>C3@:@-CO0N!->
M=M[]V5`D*:2I*K>I]+6D'.DC&WTH*^)PJME07<9<5HE.4),I`R//7I5FU8;-
M%5EZ=#YQ&?O)23G/?:N$*RLL2H'VD_`7#2'0X/>0=.K.$I[G%=KG9&'94]NU
MN6\,&*EII)D#*-P2K?H.OK036VK4$.+^TK>>7@+/-V3G;&<?M4B&(3K$HQ9\
M5P,(*U\L*P!V&HC&3V%43K:;2PY<TKAR?>FD18[;?Q@.)`RKIA6.NW>K:WLI
M^R7(,R*J$TG#Z94A82IYT=2I&<X(V`QM0>Y#2)#*$Z25$8&.I/BN5TMD2*_&
MA1D)5):1JDN')!4>V.FU3K:ZVTPY<G$90PG#:3U4X=@*&+B&T!5Q>:94=M2T
M'/;]=A00R)KC?NZY*DL`?X;2="3]!UKLS&4TPE"6E`GTZU+3<8&@+=EE(2-*
M=+9VWSC./6NBG'U/%$=J2G0K2YJ9("3XW'J?SH%SBQE:[4B*1A;TAAH#_B6*
M_4,=L,L-LIZ(2$CZ#%?GDQ')O$M@A/@E9NC9<&?Y,DU^BJ`HHHH"BBB@QGBB
M!]F<0W-I(TM/.B4V.V%C?'_,%53NJ^+KL16N<4\--WXLN)D",^V"G7HU:DD@
MXQD=Q2TOV<O*`'VTG;O[M_\`U0*5JD!#[2$M9=*M05G&0!T)ZXV[>:B.OQ84
MUN,JW,J"D%9<2=G@K<'?IOU^5/D7V>.L/<W[92I6A20/=L8R,9_%4-[V:2UQ
M(T;[::48RCRW51SJT'^$_%TS0)+DP/*;2\TA(;(40A(&3\.?S()^IJ`8<5:D
MN#2O'XPIL'6<]_3&WTK05>S*<3G[9C__`*RM_P#U4)]F4Y))%ZCX/;W97_NH
M$!,:*XVX%I0XO&$%30^'KV'_`'M7*X/N/!MA,**^EA14RM]))02<G8''UK0E
M>S*X).IJ\1R?!84/ZUR=]F-T6K4+K#2?1I7]Z!&*PZHOS`AQYPCF%#8`.`1C
M]1^5>1&BE1TAO4$C*N4.O<_]^33V/9E=QG%WA9_^RO\`O7P>S&Z@`?:T/'CD
MK_O0(7ND!*-`CI.<9RD#.%9!_P!*\*E,1H<EIMQ:059;;:2$E:OIV`QN?ZUH
M7_TTNV,?:D(CU:7_`'J.GV3STJU(ND,9W/W*C_6@0VW),S"Y<AY3:<!I"E9Y
M:0`,#^]=UH94,@E*P?Q@#)VZ?*GU'LNN!'QWN,#_`)8RC_U5V;]ETG/WE];Q
MY3%/_NH,]T1PC9`2,JPE('?^WZT$M%31T`A'8@'?;^U:.GV7**LN7XD>D4#_
M`*J]#V6-$_%?7]/A,=(_<F@S5/):4V0%*6G.1D85OG<8_P"\5]RTE(04E9"2
M-)5MG5G/3KVK3F_9="3G7>)A!_E;0/Z&I+'LRM#8(7/G+/8Y0/\`IH,CTS>2
MTPTZAEMH$(6E`YB`3D@*[;^*J64ZWM*;<ZY(42`I7Q%9[;G?>MY'LWL13A<B
M>H^>:D?LFND?V=V".L.-JF\P`@*,C??Z4&)R)[[A9BLQ%--PR5$9W4Z,;GU_
MM7T39SKH5RG4Z_C7\9V)SG^GYUMS7L[X6;.1$?.^2#)6<_/>I2.!N%T'(M8/
MH75G^M!@ZY4Q300XPX24Y4"X2,_+O7A3]T1I)9"R<$_&<@_G6_IX,X83G_P=
M@Y_F*C^YKNCA3AQ`PFS0^N=V\G]:#*O9];I-QXN@2W$@HA-J>=/A1&E(^>3G
MZ5N%1H4"%!2I,*(S'"L:N4@)U8Z9QUJ30%%%%`4444!1110%%%%`4444!111
F0%%%%`4444!1110%%%%`4444!1110%%%%`4444!1110%%%%!_]D_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>12
<FILENAME>g959923.jpg
<DESCRIPTION>G959923.JPG
<TEXT>
begin 644 g959923.jpg
M_]C_X``02D9)1@`!`0$"7P)?``#__@`Z35),3%]'4D%02$E#4SI;5$]/5%-)
M15]23TQ,751/3U13245?0TA%4E)97TE#15]02$]43RY%4%/_VP!#``<%!@8&
M!0<&!@8("`<)"Q(,"PH*"Q<0$0T2&Q<<'!H7&AD=(2HD'1\H(!D:)3(E*"PM
M+S`O'2,T.#0N-RHN+R[_VP!#`0@("`L*"Q8,#!8N'AH>+BXN+BXN+BXN+BXN
M+BXN+BXN+BXN+BXN+BXN+BXN+BXN+BXN+BXN+BXN+BXN+BXN+B[_P``1"`$4
M`,`#`2(``A$!`Q$!_\0`'````@,!`0$!``````````````8$!0<#`@@!_\0`
M01```0,#`P(#!@0%`0<#!0```0(#!``%$082(3%!$R)1!Q1A<8&1,J&QP14C
M0E+18A8S<I+"X?`D@J(V0T13@__$`!0!`0````````````````````#_Q``4
M$0$`````````````````````_]H`#`,!``(1`Q$`/P#Z1HHHH"BBB@****`H
MHHH"BBB@**_%J2A)4M02D#)).`*0=0^T2'$>,.SMB;))VA6"4D^B0.54#_16
M4LCVC7D^*E[W%LG@..AK\D@G[U+_`(3[1HB2XW=V7R.=GCY)_P"=.*#2Z*SJ
MW:TND&4(6HH"D.8R<(V+QZXZ*'RI_B2F)D=$B,ZEQI8X4F@[4444!1110%%%
M%`4444!1110%%%%`45X>=0RRX\X<(0DJ4?0#K6):JU[->FEE"Y3+*D[FVXX(
MPG.,J4._^:#<**^=(FK[Q$_GQYLX)SU#H=2?FDD_I5K<=>W>\P$0DR6FAC#R
MH^4+<^!]/D.M!IU^UK9K0I3`<,N4G@M,$':?]2N@_7X4DS?:!=Y:R&`U#:Y&
M&QN5_P`Q_8"E&+:[E):\:-`DNM?W-M*(_(5#E;V6G-R5)4G@I(P0:"S7,N^I
M+I[@P^^^H(*W%*63M2._WP!\33MI/3\:%'$A+>YU?XW5\J/P^'R%0?8LB+_"
M;K,7M,IR3X9SU"4I20/EYB:<W@6G%EG`"^5(]?C02OXC;[>$IE3([''`6L`_
M:IT>XQ)C)<B2&GD=U-K"L4H3[-;YX45HV/'^KOFEF/!N6GKPR^QN+2EA*@.B
MTDXP:#0+[;HEUB&/*&,<MN@>9I7]P_<=Z3](7Q=DO$FWW-8:8"BV]SE*'!T5
M\B/VJ^U)<%0X:U(5A?05ET^:9-XF.DX*@C=\5;$@T'T.RZV\VEUEQ+C:AE*D
MG((^!KW6$Z>U'.L<D+CK*XY/\R.H^57R]#\:V>S76)>(")L)S<VK@@\%"NX(
M]:"?1110%%%%`4444!1110%%%%!PG1TRX4B*HD)>;4V2.V1BOGJ=;GXLUR-*
M!#\=1;5G_P`Z'@_:OHRLP]J*83=QB+:3B:MLETCH4CA.?CU^E!ETN&6"J6SV
MY<1V4._UIHT5HV'J1]R;(#R&6TC:6R4!9.?ZAV&.WK3?H+3]OGVYR=/9;D*<
M6I"&UC(2D<'CU)K0&([45AMEAI#33:0A"$#`2D=`!Z4$./&:@1$1TX#;2`D8
M[`5GWM$MD27##L=UM%R0%**5*`+R0,E!/3>!YAGDC-6&O=13[9#:FV=V*MIU
M?AEY0W%*AS@9.""`?M6676ZR]3/H]Y0@XR%N)SC9G(22?Q$$D`]@<4%C[/9C
MT=)1'7Y5O*W#U/'[8IWU/-G1C!N$<*#;>4.#L">F?G656F:;/<B'.&5*"MW]
MI_Q6W6:YP+G"2AX(*2G!!P0?@?6@BVW5UKDMI$UH-.CJH"KJ.8-S251EJ<0#
M^+;P#5).L>FHVZ48R5D'(;2Z0G[?]Z\-:PM,-HA6R.TV/PCA*1\!0>M2V8+2
MM^7/\..VDK6LCA*1U/6LO4XU+FRYC#*F6'G-R$*Z@8QS\>,_6K;5^KO]H2F'
M#*T0`H+=41CQB.@Q_:.OQ./2ETW%AM&U.2`,\"@G%/PJ^TA?G;!<@ZHJ5#=P
ME]L=QV4/B/TXI.7<E8&Q!5GIS7N//<45>*$I],4'T^RZV\TAYI86VM(4E23D
M$'H:]UGWLJO)EP7[4ZK*XV%M9/.PGD?0_K6@T!1110%%%%`4444!1110%?/O
MM`NRY&JKEYO(TYX*>>@2,?KFOH*OG^U:?3J+5E[>F*W1(<Y8=8WE"W<K4>N"
M0,#\^HH/.B]6N6Y;MO>EEIAW<MIP]&UXY'R5CKV./6KN\>T9N9I]UN#<`U)4
ML)"TG8YL."%#X\*2H#U!%1;Q>-`6IUN,K34%]I0_&TT5%!]%*)Z?'GY5&@V[
M1^H9##"(KUGE.JRU[F[XB'DX))PO\.`!R/6@1)#WCAMHE9CM*W@*)P5<XP/3
MD_<U(;G8QA6`/2F756G-/V>SP[TT_<G(ZI/A/-+4@DC"L@+2,`@I'KP::$Z>
MT!%B07G(@=1,3EE]Z8XI!XSYBG``Y':@RN6_[VZW'1MWK4$[CV^-.%TO5OMU
MNAV^UMH;<;2`71UVCU]235S*=T1;8C#YL5I>E$'Q@P5N(;XY.XGI_P!ZK&]2
MZ'4O9;],VMZ5DD>(DK!`23G!/8@=^AH%B5?Y3OE5+'U4:@H\>=(2VTAZ6ZHC
M:VT@JY/P%:=8KG%'A2?X);41WWA$]VBPV\ATC*5$D="`K'RKSJ29:XC34W33
MC%NN'O&R4(G\I;J<+20I(XX40<_XH%%G26KWA_+T[,2/]82C]2*FP](Q6&U*
MO]X%O?:2A3L%MC^>D*_#@D[2.O(R.".U6C&L+NS!2ZMU*TL+0VXHH!4OQ"4I
M45?!6/GFJ^[7/WVV)D3&4>-%<`\=(P4MN+PH'_3N*3CL1\:#AK&PV6QV^W7B
MVNS[E"4_LD(4H#Q`4DI"2$@@D@CO^E3=5'2\73:C"TXB'<72VVGQ%+WM+/*B
M"3S@#\ZCBZ2#`;A2'GEMQW$+81N\HVDG!'0C)!^&*7]5S)$R5%,A94M2"\HE
M6<DG`_)/YT#3[*I2VM60@2=KR%M'XY3D?FD5OM?.'LYW*U9:`!G#W;_A-?1X
MZ4!1110%%%%`4444!11108[[3[_>K=J!<:%<I,9D,H4$MKVC)SG]*R^RRYCM
MTNDU<IXR7"C>YO(4HG)))'7FM%]L+6_42"3Q[JC]55FEM<3%N"TN%(0\D#)/
M]2<X_(G[4%G>F%*1`6HY+@<62>N=P')J%$4]"EPV_%5[OO4$I/1)4DC]:OI:
M4RK2VMLA2HCA)`Y)0O&3]"!]ZI_`$]PL)>#3B$^*A2DDI*DJ!"21TST!H+H1
MH]UM,ZURKHU!\S;\=3Z5*1O!(4/*"1E)]*\%UY$*+9@]&D,0B6V7F6?#\09P
M%'C/(QP>]<XK+<F0MI:EI2IMPI4@X((02D_<"J.PRGE1EJDNE;B'<@JZX*4J
M'ZT#!:Y28DZ)*4%*0TXE2D@\D#J/MD5XEQ-.-H7(M4&<W(2\'`X_(2H);42E
M20D`<>8=R?*/C41*T)2M(<!PM>#_`.XUZU!I]AV8_=(D^UMI`:>2TV_YBH;-
MP"<#XF@D%9]QD,)=6VXIQEQ!2<8*',G_`..1]:@37WX\RWQW(SB42U[T/*'E
M6`%#RGOSP:DN+2$K7GRI.3\L@?O7[,=?E6MF$F#(?=C2TR(JD-*)220'$].0
M4\_,4'H[5L*94,A3C:\Y_L)('WQ]JZ7>/-%B4ZWX:H,I7NSQ23N2H>;:1Z$#
M(/P-2&K'J-]!5'L,S@C`6G9GGX_"F&-I34BH$B));A1F9`&1)D`;5`Y2K&#R
M.?N:!-MSCK]O:<=.71N0H^I22,_E4?4C*&[XM*%91X+)3SGJVD_J33<='N08
MWA.:CM"-I4?*I2SR2>B<FHC6G++O7(NEY=?<4K.(<10&/@5$4$?1$UBU7R)<
M'VUN-LE1VHQG)21W^=;+:-9P+I<&H+,62AQPD`K"<#`)['X5E+]OLL>WKD6U
MB>A;;Z&PY)=20L*!)\H''3UIC]G;/B:E;7MSX32UY].,?O0:Y1110%%%%`44
M44!11108G[:7A'N:7CG`80DX&2.5<U+T?%A1K6R[%@,>,K)+TAH.+//ZUP]L
MS+SU\ALQXPDJ>90DL$D>)YU#&1TJSTM"COV.)+L\R6PVZC)8DI#Z4J!(4,DA
M6000<&@L7@5K\1<>$LD8)5#1R/3@9Q2+KVW1X5J5=X#:(C_C):=9ZH7NSA2!
MU&".4_'BG\0[CG^;*9`[EM@Y_P#DHC\JY?P:WNK;$N,]-4'`L&2Z58/J$@`)
MP/04&1VNVZJ?;85"M:5.H0D@>*-W3J1T'U(IBT[HF+'2X[J+SR%*RJ/%<4O&
M.@*DX3^9IJTPPX+0V]XRU>]#Q2DGC;V%6G@^;'Y4"C>/]@[.RVB78DMJ<)"2
M9*]RCZ\9KFG3NF)<=+K5LE!IQ.Y*F[BHA0/S2:4/;2T8\VW(*E)2I@K3Z$[B
M#]L#[U:>S67J`:>RUIZ?=(Y6?"6RI*4)QU&5'OP?O03I^AK=-"6XMQN,))(W
M)>2'T*&>1N0$J3QWP:X3=))TP\BX0;U+2XV0ME!63O&X`[5?(\]Z8)<K7)6$
M1=&AM.<;GIB"/R(KP^F]JM4S_:J)`C6PC<MOQDJ4".0I)"B0>.W44$A3T]U:
MDN3I+A'!R\K_`#4&5X<=8$E#RE'IM96X3]@:[Z"C0Q%N/\/<\6+[PG8L\[@6
MP33-)CW52`BWW-B$@Y+GB(=42>Q`0H#[T"RRQ,=.UBS7->1D'W12`?JO`JBO
MUUD662B--LTEMQ:/$2"M!R,D=4DCM3^BT.+;Q+O$QY?<LLH;_-6XUWCVN-&P
M=TR4D)VA$N1O2!G/X0`*#+X5]-RB/0U6]QK>\VZAPN`@;0H$8QW!K1_9>R3,
MGOGHEM*/N<_M4'4\.,F(TN/;X;"E2$@J99""!M/&13-[.XGN]OE.D<N.@9^`
M'_>@<****`HHHH"BBB@****#-=>-G_:ZUO\`9I+2^.O#A-0](OB!K&_:=>4$
M-O2W)$4'H"3DI'S_`&JVUR`+XPK'F$<<_P#N-4VJ[)<G[VS?+,C?+CR`K:.^
M,&@T1<,C&!]ZJKH##7&YY=<\,?#((_>EFXZUU;#;4[(T_;(J$]52)J@!^0J-
M"U//N[Z7KV;/&C0RF03'>7O`'JE74?$4"SH_4LG3<5FT:ECNIB)`#$Q"2H('
MHH>G?CD9[UIMLFVFZH\2VW.))3T):=!(^G4?:J:'.M$BV(%WCN1`M!4V9;"F
MTO)QGR%0PK`YQUQS5*=(66]MB=`TQ,7'4,MOA:&?$']R`I0)!['C-`PZYT0Q
MJRS"$XKP9+*BY&?2@G8K'(5W*3WQZ`U$T+H^5I6TN0ITEE[*@0L$A(`!S^(#
MU_*E:'HUBXS)46T1;LV8FWQDRY2H^Q1&0G'.3CGCC'>NUOTSI^8Z]&5;[O-E
M1@3)85A7@$=E%2@DD]1@\CF@9[KJC3EO48Z):9TP'`BP</.$_3RI^I%)^JVK
MY>M(7^XRX'@+!9C08;9W>&A2TJ<6H]UD)`/8`$#K31:IFC+<SO@MN%EL`O+9
MAK4F/G_]I`\A'.<^AJ8FY/:B8GQK0IB):(Z]LBX.(WDG'1M.<$^I)P,CK09U
M[.M0IT]8G(,NR723)6]O!82G;MV@`94?@>U-+NM+DO(A:0E[L<>\R4I'Y`U;
M3+=>6HEN%ED6VX,SEA"):VO#4UGG?@$A2<`],&K=O1L??_\`4EU-S2GEY+R1
MC_\`GMVXYZ8H$\:BUD\,MV&VL#KEQU:L?F*_&KCK*Y+\"/<+*V[TVQVPM0^A
M)JZL%DGWB]7)O5"DRH]L4EMMAM&QN2HC<%J`Z\8\O3)/I5A._@MSTY=')=E_
MAON3CB&W"R&E)*!GQ&R,$`>OPH%X6K4[<A,>Y703&U%*UH<;"`@CH4[4_'O\
M*TC34946U(0KJI2E?G_VK./>YUP;B2916)*X[?B=B5;1GZ\5J5J;+5MBMDG(
M:3G/7.*"71110%%%%`4444!11109_KL$WAGG_P#'''_N-7FEWA)]X6KJ"E7/
M_"!^U*_M)4ZB^P%MO8`C^9!Z*&__`,Y[?&O>FKDAAN:3Y-[)V)SGG./WH*W1
MBVKY[0;Z_/(6]#3F(A7(;)405@=,@`8],U8:Q@7.\Z?:8?8AR[I`EAUY+#F2
MEH+ZC(!.Y`Y3^N*29BI]AU0WJ6U-EQ)R'FA_4D]13$]KRTONR9]FL\E5ZE,I
M8<)0I((&<!6>.,GGKVH';7$6'<M*R3(VKCI+<C=_I2L*)_Y<_0UVO<B])$&1
MIUF--8+R0\@NI2"UG!*3TX&*SS3?M"EVVU(M=\M,IZ2SE"'&V]R7$]L\T(UI
MJ)E^X3(ULA-1BV'E,.NA"T``^<]N1V^'6@TI\(:U)$6WPMYA;;F.X'F23\B/
MS-6#4:(PZ_X33;;L@[W=HP5G&W)^F!7SI,U9J>1>HU\8N45,A@J"(R%@H()P
MH*YY[#[=*LI>M]7R;C%NS'N<<,A319#FY*R>"#]N!VYH-)UDN#8M-/6FVL`/
MSG%(;:2<E;KI.2?J23Z`4G^R6]1K;)N&C+N6QXCI6R5CRN$C"DGY@`CZU#LM
MV6NXR[Q?I33]P#1:B-)6-K2E<':,]<$9/7I2S>8;%P?+RGO"DA60M*N0:#6]
M572-I"=II`;:9L#;A:4AL<M>0A)`],\^O%7+R=-&Z,ZM%P!=:84V%H?_`)2D
MJZY'2L,3&DSFD-W6Y/3T(_`AQ9(3\:ZP[%!;7DH6X@'/AJ4=OVH-=T1JZW7N
MYWY+3R!X3J5-]BXC;@J`ZGS9'R(]:@Q&5ZHN4Z9.N'B6F(^?=XR5##Y0`2H^
MJ0K(].*1D::MK\L2T^*SNZI;44@CTXK4K:B/#TJEN.RA&W^6C`Z`GI^5!`AQ
M42)8!2`2KK3^!@`4F:<*9-R4VVH*+&%.8.0/09]:<Z`HHHH"BBB@****`HHH
MH,LU<53]5O1TH4XI):CLIR!N44Y(^YI>FKD1"ZRXSX+S>2`KM]>_TIEGPI5P
MUI_Z=[W=7OGE=*=VTH059QW_``XQ\Z6==P9T>U27W&GHZ5)E+R'@I@J)R5-C
M\203S@D]<T$%B[S`<J6RKG'X./RJ:W+N2E89A-I4HX!#"_,?2HGLF>MT^Y.Q
M1:T*PT7'9LA9+C;:,;,8&`1ST[D'DBKN1?+@MA:(\"8MM*U!I^5)4I0;Z'`3
MT..,Y^/6@KO%N2E>=IO(//!%2K'XMP:G0FA'%U>;V^[2``'4`@G8H]3P.#SQ
M4.)/90F0'G"A:QXB%[E*P2<84#R0<CS=>*A+?#A674X+9RAU!QY@>".X^=!R
M=M10^M#MJ9:?0H[PI&U05W[=:]^Y;4A!@-J0%;@G(Z^N,=>:TQAARYVBWNW)
MMYQ2XH=_B02G+9_L<3G*AWR!Z]*ANZ?N8DJ0B.P6"<(D+>2E*D^N,DT&;/VX
M+7O-L9R%;@>,@^OSKFFU-NK6I40)<W[RH'DJ)!SD?$"M5D6.(S#*53HJIBL`
M*<?0TVGZ<DU5F##CI7X]]LH).>']V./@*#.C:([.PB.H!O8$X6>-HPD?05^2
M56U.]4CWAM:E%2E-E6<_3T[>E/,M%E#3BA?8"W`DD(;96HJ..!FDNYN,E!RV
M.:#K:]2::MP\-$IUO(`(6API3CIC@TR*U,N7;4,15J;BJ.X+Z*5_C]:S)^.P
M?-X203\*:]+-LS(T:"%I;6MTHW*/0`%7'QP*!ST#.1#OZ&?$'A2`49S_`%=O
MSK6Z^>H[S</4["HBBE+7A^*WNW>&X#SA63G/"OAD#UKZ"8<#S+;J>BTA0^M!
M[HHHH"BBB@****`HHKRXK:VI7H":#-ER42YS0FS6H+:RI]R5N"2DA7X6R>B_
MCV`/K2][0DO0]&.H"RY;?=9+S!=`+F3^(*4D[3RK<".Q^%3;/-M[L]+EX:2J
MWLL+!WM;FPZK&W=V!V[L9J+K*-&D66)!MRGGX%T86M,<)(;W$A)VDY*?Q<IS
MP1F@IM"LOV7V</7!IUMNX7J2B+'63G#05@D9XYR>O'3-7C&G&EPV%?Q-3:/,
M),E:,I9&#QC(R>,9'`SR.@JEOMZB6R[0['%(4U8([<5AH`%#CI2`O<?Z=H/7
MGFO6H[PV[$8B0Y1"A*6PMY20$*0DA2RA7H%*QGO@&@H'V6F+PM#CJWE$%2$K
M&!MS@)6/[N.@XR,4T0+0],B(4'4>&M!<4A64J=4<@$^B>.E*%]EINLDN">E3
MB%[3XH*24XXQ@<#`''J?G6A:'N+2[2U%D+?4\T<(+?G\O')1CG'0X/;.*"9>
M94FW:=MDZ3(8(@M(92RY&\0J=Z)4D$XZ<$]ADY[4LV[53;,!,6^+_C%KE.GQ
M6M@0N(KJ/#Q@`<G'/.#T/!O+]J466^PTPTA2(R]TD;>%;DX*1W[Y/QP.U*][
MTQ(N=G1(%RAMOI1ODR'2$!Y>XG?A(`2>0,8QY<]<T#'*L*BRJX60Q9EKD;4-
MEAM/B$DXV$')W9ZX(^G2J-UR1"RT[&6PI7G"5H*21C`/RX/VJBTY(U#IW:^S
M+2Y%==2E02H>8C.#@Y'K@T[W>T6Z%<F+?+"W%J3XY;;4H(C!9Y2D`\#`R>",
MGM0*<N:2G\1P:@W&!>`R9+EKFICC&7%,+"1\SBF&\ABSS=UN:DQ93:,;G2.,
MCJG&<9!QD'Y52HUE=;<^W(7=Y"6$E(=05AQ0Y&0`>N1]*"BGOIBV>.ZM"2Y*
ME!"%=P@#D_>NMM?2E/\`-;#K:7$N*0?Z@""1]ABJ;7=Y_B-\4$LI90A14EI'
M1&3G'SJ9IQ],I\-*<#?3SGHGG&3\!G-!I-^A(>?>U!$0&`E#:I+#C@#H21AL
M^&!A/'/)R:U?14U4VP,*<5N<;\BB>_?]Z29;#3;##NI[FV\/'#C2&&]K;^U.
M0"D#*SGGTZ8ZU9>S)\H5+84DM!];CR&C_0"LD)QVP%?E\*#0Z***`HHHH"BB
MB@*K-1O*CV"Y/)("D1G"">QVFK.J+6C@;TO<E$`@M;<'XD#]Z#.=+W54&)-M
MW\-DS67G4+?\%HN!+)2$*"A\@2/6N%[F6>W6ZVW?3T=M$U#ZV_=WG5+)`XRM
M!.0HX!R<'GG-1+'/5;W)+B0O>\T&PH>9`&22%M\;P?@01VZUQU:[$ESQ(@/O
M/(6AELJ=9VJ0=V-NXC*O^(Y('K09M#><>NLV4RTIY;MQ>4WXQP[DK/F4,?\`
MF#Q3U!TY.N#,Z\):>D/1T+\*,EL*2E1'*4IQUY[#(R,\TI6Z+*N.L!&LR"/&
M<*E*7_\`:;Y*RLGIZY]3ZT_7+5$RT3XT'3<EP0XVYMU\;%!YS/F(!'X0>_SQ
M0(3%EN?BK,F(Y"<W*YE)4A*@.P..HIDT%'N\ZYL)A(\0!S<EU"<H`3SR2,<X
M[^M6T?VI7A#B8]X@P9S:CM`6SL*SG'RY^5:H[;XCL5J%_"%18S@#SRX<CW=#
M:SD'.TI)/TQTH,P]H\I-UOKJ[>TIQ"$):W)`VE8&=H(Z\GGY56-`>"F`AH3'
MEHPEL`K5V)4D#H>.M/ERLNAD7)CWRZR&DIY2SXY#)4!U*@.#CU(J:MM,:,M6
MC9.F8S249+X/C.GX<>OQ/I09?!T]>PZ'YD"5"@J6-KTE)0EL$\DYZ=O0_/I3
MG<9K<J<Y-"'5R)"4;/+@AD#@8/4\$DCU^551DZCU?=6H%_:9,!"@0W%;41O1
MD[U`GD\<=LXQFIT*TWE/C"5'7&AJ)7XYC*4H)SY00,8(ZY.,<9H/QVUG4,2X
MRV`X&(C'\HO'&%[AA.>F-N?R]:@V/V?6>XLH;O$MQB\J>#K*$J22EI./*ML]
M">>O.,?$4SE=H"T,VIT>,RA)2V\K:5'ICGA60"<_XX09$I=BNDA33P7[PYF+
M+5R$))!)/7S`8'?C/K0*^M-%,B[>)8;FJ7(<<4E^),0([K:ATVYP"/KGIUS4
M#3\&3"NHBR8[S<A`/B-K1RE.,Y^73FM0U-;!K>SIOMJ;V7N*`F7&&$EY(X#@
M^(_/!'45GD^9(0W#4\65O)7E<]G<%N)(`\-?0$#`'PY]:!]LJ+>S!E3MR';A
M&7_*B*`65IP#M2DYX43@D#C':K;14E%OO45E:QN4Z4+!!3L4O/`2>@\V`/2J
M/2,EM,Z7$7'E*?E-A#3\0I2XR!DK\Q_".AS\*_=029:=0,7-SP4ID-(5&4R\
M'06T'@J/KD_*@WVBHMLE"=;HTL#'C-I61Z$CD?>I5`4444!1110%*/M'?V6-
MJ,02),A*"?0`%?\`TTW4B^TEQ!-K8).=[CF/DG'_`%4"1';2@DI3UJGUM*1;
MK&9I2WN0ZA/F'X_Q>7YFKYO&[`YI2]K$=Z3I3P8Z"MWWA"]B>I`2K./6@7(T
MQNVV.1#86KWVX.(7(6D_A;&2&_W/J<U<Z3@>/>(XE`+V#Q?#41YMHW;?CD#&
M*4-(/0GK>79J5&0'W"O:1G\"0A//8;3]ZUK1\.,S/M\A+"_>FU+<<+P+:5)*
M>,9'!P3@]R!06K]AME[UI'F0G4+AM%D>$E@I3XB%%6.V,`)XQWX[UT?O4B7=
M+G<V2XY:F%*(VN!3:T)\H4!GJ2GKCIZ4T*<@6BWR(S>^+X*)"F5K(*$+P2M1
M5GG&1\1^F4:>MTA_3]LA1RF4IF(TZMI/XU8RH=3@\X.,'('PH&75[%MFVR'*
M:]X0\"&G6Y&`XE)!4,?(@CCUYI7%C&I)]LMZFT,R$*`,M&$N*1D94?[E)2/J
M!SFF"Q1W;ZJ7.\,%$=/N[3!2H8.,D@]"3C!&>IKW=(";7*BW2.E32XLA#BF<
MJZ;A^'(_#P1U[T%Y?-1L:4CBP6`(;#&$KDOGQ"I9`4<_ZN1R>.V.*7;+K>ZQ
MY,M<]UR7'7L"T\92<GS(/0'U'<55M69=V=F39TXQGE2598V;B0HY'.<'KV[U
M^7RT.V^-&]WE`PDK*'&"`2#C.]2D]N0",<4$2ZCPF&?%DLN!])4I*3P`"0,]
MB>]41MTB4B3>'UHC6F&T"9+P\BE@82TD#E:CQP.@JZCW]IIY,*2Y)@Q/$;2I
M6`]XB3@+7PD#(`&`>`",=*B^T+6EBG)8B&V^\P&1_P"E;<`3M6.FU(.,*[YY
M_2@]^SZ??&+H$6YM"KJ6UJ:96O`5CDH/3=P"1SQFJ'4%Q3<KW*=3'##*D`N-
MI1M!=P-_';S9^U7&CK5J*]W-N[KB&*VIT+`:/AK+9&T$'^GH<9].E?E\]WB(
M5&%G>??:*DE3;F2H[CGKWS]Z"TT_<U6R?%NK3`>'A%*VMVW(4!G![$%/Y&H\
MN0_+GR9C^-SRRH)R24)SP@'T%0K)M5;&P"HE#BT$*X*>0K!^6XBK%3``R2<_
M"@V'V7SUS-.>`OK%=+:?^$X4/S)ISK(/9;-$*]N07CM3-;P@D\%:>0/GC=]J
MU^@****`HHHH"LK]HRO%U*T.2&8J1CT)4H_IBM4I&NBHZKA<'G(*Y[7O0:VA
MC>ILAI.<=#M_<T"3'=&0A0P3P#5?>$+EH;90G?DG*CT2,8))_I`W=:T"/$TS
M/22F*EM6W=A"E)(!Z'&>GQZ4L:JTU=@[&?TF\ZXI&%J2A:0ZVI/3!.,I.3D>
MHH,3EH<AWU"8J$+6O<'LG8./4]N_-:I$O5FMUJ,NX-S?>FVE-K4TO<V_E'\M
M>2K@[BG&./IBEF1HN^+GL*N^G;A,"UI2$)0I",DXRHI'/WQ3/J[3,"TV&&\Q
M*4XMV4&0RMD)0DH0<$#MMP,=>E!6SKK<I]K7&N:FV/'9;:0R<E_8,G(SP@*Z
MG`R<U0V2,U:6C%]W7,CA*O#C.G>2LC"<'J.<=^E6C+,F:2G)5XRP<(:&2K`X
MSUZ"FO3=EC3)<F1*2[[HVTIMGQ%@97P%#(QT2?S^%`BM.7.9<HMFD.2HS,=X
M;6GTD)80>I"<G&2,`YYXYYK07K8T%061[T[;1N?D*)Y;*$C"..?/G)^"3CG%
M4GM);=B.)O*G6USG%B,^VC*4X2G./B<\Y_Q73V>7!$NV2&%N$M)>P6E`DLYY
M23SR"<G\J!NM,Z(J:PVW(0E,U:4A!;2I#*O#``4>/]Z"!QR",=<BJOVAJPK^
M$.(`<:(?0ZA&`LJ*CA6>F$D=.N:_7);L6=+E165,Y=2TLK.-CH5NRG'3Q.#D
M^O!JGU)<Q/N+EQ?6I'\P]1D`@C"`>^``/3-`E3U,Q+%*F2'EE<EE3+:>1X:=
MW&/F1],5XT5.,BW)BMP2IYP$E*F0YGU.<9&.N?E5Y>'HKSCT9Z#%DM%(&5IS
MM)Y(3\/\U00I@L%R3)C,^''<0IIT(`!`4""`?V/6@>H-\C198?2N6@Q8RU-I
M#H0CP]VY?&#S@'/J!4.\1EW!1GMPI;34S*FTI`(6I>#GX#)[^M4B6F9<)B7!
MN'B32X4MM@!*6F@"5%1)/&WO^M7-JU39[?;[G&U&W*AR?=@F(J.%`Y*<CCL?
MPD9XQ00;+8I-G0X)$IAY#S@*$I42I)P<]L'YCX5:EC'F-9+:+S.1J2(]-D+>
M6DA#A4?]V""",=NQK9K9%>N[;B]JVF4\!P)SN/H/6@+.7F+M"?9:4I:'4N)R
M#MQG!.>G3-;LA06A*DG*2,BLHB0#&90RPTX$)Z`@GGUK1[$ZIZUL%8(6!M(/
M;%!8T444!1110!Z4DN7!M%VE0%*V*5(4`L*(P2:=CTK'DV]-RO.H)"9KZ5M7
M!T-^'DX(4GM@YY/R&*!P;LENA!<Z:^'4,K4ZTHC8&DGE0XZCJ?3X4MW^\V\S
MF'K-.1N*=ZTLG@I[$=NQ!^E5%UTQJ"8MEMVZON!H%A+1!0?,"2,I)!)&>?3B
MN$325S0ESP6VF]HR?*L9X!Z[?0B@2-2^UO75MG3+$7V(ZT@I$D-)WJ2>4K2>
M@R"#T_2G!^;$1I'V:MWALRFYKGAK*LE1<4S@+SUSD]?C2![2['*F6Y2U)(G6
MTJ6IO`)<:(!.#_I'F`[@FG6_Q;>YH[V;&XSO<T1DI?0HC.5);;QZYYQ]Z";I
MB:EG4TG3LE83;6I#S*5*&"A9_",_$[>?3%,]I_AS2[A(N266FEN*0E2E[U'=
MC.U/0*/]WIVXS4&[6VQPKBQ?+G*+;DEXR9,97]8(.T)QR.4X^G:N;^L[)$A;
M+)IR&'<!13*'E!P.I`//_F:!0]H-UNE]N?\`#;+:)4IEE00F4EA9\=73=G!"
M1DGGOR>]>=(:#NFYV?(5<(LE!"VV.&TK"><N*.<#/;!JV;UG[0KQ*,*`J)&2
M`%*1#CI40GX%2C42+/N2+TY&U"[,5'(\.2)+JO(%#=E(&!N`Z#OGC-`T:NC.
ML66)+BJ>3,\5*)8\/"$J`\H4KH<9P/4&D5"TIMDIRYR@XME)2PT.1E0(R?3!
MY^/-:Q;WDHTO%B3&TS$R`L);>.Y*D(&0/L`0?A6$ZMDR(5U#EN:+SJ3PG\64
M8./*>"<$<?.@8+:@H;VBU/*0VPG`<6`AY1_J*NNWOA/)QBOR_P#N+L]Q$<L>
MZF.$+;6@I,@I\I*0/P'<">>>,X'=?A:HMMPCO+>""$MI"6VAL!..<(QQDGM5
MO`2V_+9R6^5)0G&!EPG)/IUXH*U5G?B,M.)C*2ET925@C>!QT^M*]_;7XZ%/
MC:OLZV3GCMBM8NP<$IQIV(0ZP$I=2I)W-)"LD@9XY/7OD4O76VM7YT>4M-*<
MX?"05)3C.>V?09Z]:"9I73-JUPFV2V";<W;VTL7'",F1W!00`,\*R3R-U;[*
MN-JT[9VO!9/NS*4MM,1QN(3D`<>@R,DUENG%0;/$8APTEIAKL.JCW)]2?6KB
M=.MES"6Y=N<="58#@7M4`%!7V)2,CN*!]MNH(EQNLNVL-N>)'"MRB4X\JR@@
M@'(Y!QD<CFK""=R'7,@[GE\CX';^U(FGI=OMJG'VXZF5;-B?%>+Q2C<5;$GL
MG)S]?A3Q:$+1;(P<_P!XI`4OC'F/)_,T$RBBB@****`KY>EWN?;9<N4U)4VZ
MZZM;A0>"2HG]Z^GU_@5\C7R-<XKTAE#$9"G'5#:E">2KX"@T,W?44)EE*K[9
MU3%I"Q%+JFU<^B_P$\CGXT*UOJ6"M$:Z:=DDE*BA&TJRD<$CRG(Y'W%9Y?X,
MR*U&=DQGXJD[N5H*2DG!2?R/VJWM]SEQH\23(DS&I<16QI((V'>C8I"N<C\(
M((]*"%=[\_(F.2%QUL$I"4(<21A(2$@'(YX'/KS6BHLZ;Y*T1#6V#%M\?QB/
MZ<[48'Z4IHO]V<8=1)O!:#:=P4\R'6R,\E2?D1S_`)K0(-X=;T2N^"$RA]3'
M@1VV2?YI(Y4/F`3@>E`@:SN3-WU;)E*F-&*RH1V&T$DA">,XZ9)R?K7F#!9=
M=6RN:HHV%0\".M:SSQY2!]_ABORW7N9X4(1FHQ=5C"VXZ&UX(&,*2`03D]#V
M%0VM27"3%$OQG%2XK#K27E*(<2,[BG/S&?J:">];H;EO#L&Y)]]2X%)W@H(`
MR#R,X/0YZ\8JR>N;+D.&_.4'[FC+,AEO\,MO/&XXZCC'I@XQFD&`9>X[77,=
M?+R:8M/,R7;M&0Z%X+H'F^=`\:X5*AL:?C6^2Q&6PPI>'<J`S@=!UX!ZUG7\
M+<=OC\M^Y(4C*@QMRX[C&$D@`#(&.!Q6E:DT]<M1W^4XE?@0X##30/0N+QN*
M1\@>3ZD4S62R6:RPT/1T*>>*`5-M`>(I7<$DYH,0T7[*KL;G$E-!3OA+RXMY
MLM(2,'L1DFM5A6[2>DG)+,EP3[L\K<XK:<LY'"4D#R@=A]:88^L82)284J!(
M@Y.U)<P4@_''ZUSU9&MT^*42U(;D8(CO$>9"NH'R/<4&5ZB@S+I<IDN+>T1H
MT@C^465J7M'1)/`(.`3Z]Z[1VRRRAH*4L)'574_^?E5_I:PN7Z*J49!88#O@
M!26O$/B;=W/(PD9`SW)Q5O9](,S+79YLN8ZPZ^Z1):P$C`"O*,C*592!S\:!
M0!(^%=&W%CG=Q\ZTV-IRQB=%>79Q&6I;S!COJ#B74@'"\$D=@0>N%'-5^H8.
MC=.V,3EQ(SJHR766&U84773P0?[B#Z].:!0@!<E]#*5'<X0@>G)`_>MO2```
M!@#BL.]F<9\S[<T]N*U+\16><``J_:MRH"BBB@****"+<UJ;MTMQ)PI+*U`^
MF$FOG2W6LKO%N><4`RV"I3F<%LG`!]#RH#!]:^C;@WXL&2T1G>TI./F#6$V:
M*Q<E.VB2\II,N,IGQ`>4'`((^(*1]J"_<MDD%;3K3*V%#:M*MVU:>X*?^]*T
M+1^65HE3)+J4O#*4@)#FTY&>,CK\Z;;1?KG<5H@NIMBEELI,@[P5D#\6T'`)
MZU$T_!\>5)\"X28DMT)62C"D.X2$\I4",\=10*5YDV^R7^VVI-G<;5.00F0T
M\X5<G;C;G![9IIU4\B]Q;;`0B9;FX8RE,:,I06O``)RCM^]>+\IX2S&D&%/5
M$<"V''H*<H7W((5P0?2N2+C/7;IMPGN%Y,-QHJC,`,AP*5Z@$GG`(STS05-O
MM[+Z7&TP(?B1E^$M2D%6Y7KP3U^77M7MVR..A:DP(*225'$8IW'_`)>]+]BN
M;MM_BP;<DQ$R77)*4H"5#Q%'IYDYQU^WQJ=$U%*]VDN3[M+#@82XRE`;3E15
MT/E],F@LXEO?\'%TBM0DA8+2D*;.[(Y'E'UYJU@%BSR472.&9#C&5!"^0KC'
MW^-1;_[LPY'C^]SG@IL.K\9Q)P3^'&WH<?K7J*]:PD?S,''.]5!8Z4U/.NDV
M4IP-I$A]3A92>$G@8&?@!5J9MU@3GA-L[LJ.I9+;K*22$GH.*4]/61B9>'[L
MU*7#L\;)??!P'%?VI^O?Z=ZO)%XO325B&\@L<^'XQ&_;VSQC-`TLM1KLV`]`
MD,@<CWA(!^G>J+53"5/ADRUO2%)(:90`-N1C<3V`_.DMVY7OQ5$3"SNY);5D
MU[B7!^.5+R7'%?B6LY4:!BM3=PLBV;=#<AO1+A+924RFRH,NY&'``1G\(X]0
M*;6X5R&^UJOL[80^_);+;9D+05<%!3^$*).!@GMQ673YTB>T6758&<C9P0>Q
M!]:]*D:EEW%BXNWR2),=HLMN(`0K:3D@XZ]!UH-"5I5J7?6[O)N=PD-1H7CM
M19KZD*9<4#C<4X(&`<CK\^E9W?OX+<-2QE6..V6&FLR5M*4IE3Q.5%&[]>]3
M&H-\)F.?QZ7OFH")*B<EQ(S@?#J>GK4RV6=F#&1'902E/KWH&GV<Q\W)]XI'
M\MDCY9(_P:T>E+0T7PT2WRC;DI;'TR?^JFV@****`HHHH"HRH,):MRH;"E9S
MDMI)S]JDT4%;_`[,#E-KAI.<Y2RD'\A7-O3UE;=#S5N8;<2<A2`4D?:K:B@H
MW]+6)]U3KD$%:B2HAQ0R3]:BKT585-K;#+Z4K(*@E]7..G>F:B@2WO9SIYPG
MF8@>B7O\BH;GLNLBDD)FSP3ZJ0?^FM`HH$:[>SZ-<I"'W+K*24,H:`V)/"1B
MJE_V5-NA*?XZZ&]PW@,`%2<\@'/''>M/HH$.]:&D36HL*%<FHELC)`;BI8)&
M[^Y1W<FJ=SV;73S;+O'./PY;4/WK5**#)%>SB^@>6?!4?0E8_:N:O9W?DGAV
M"L$=0XK]TUK]%!CZ=!Z@0HD-13CH0[_VJ9%TG?T`EV&W]'4G]ZU2B@SMNPWA
MM)W0,@>BTD_K75%GNF<^XK'S*?\`-/\`105UBB.0[>EMT8<4I2U#TR>GVQ5C
M110%%%%`4444!1110%%%%`4444!1110%%%%`4444!1110%%%%`4444!1110%
%%%%!_]D_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>13
<FILENAME>g532003.jpg
<DESCRIPTION>G532003.JPG
<TEXT>
begin 644 g532003.jpg
M_]C_X``02D9)1@`!`0$!L`&P``#__@`T35),3%]'4D%02$E#4SI;5$]/5%-)
M15]23TQ,74I27TU)3E1?24Y3241%7T]55"Y%4%/_VP!#``<%!@8&!0<&!@8(
M"`<)"Q(,"PH*"Q<0$0T2&Q<<'!H7&AD=(2HD'1\H(!D:)3(E*"PM+S`O'2,T
M.#0N-RHN+R[_P``+"`".`.H!`1$`_\0`'````04!`0$```````````````$#
M!`4&`@<(_\0`/!```@$#`@,$!@D#`P4``````0(#``01!2$&$C$305%Q%"(R
M88&1!Q4C0E)BH;'!)'+1,X*20U.BX?#_V@`(`0$``#\`^D:*************
M************************************Y9U7JP'F:Y[:/\8/EO7/;`]%
M<_[32]HQZ1M\<"DYY>Y%'FU&93U9!Y`T8?OE/P`KFS=GB;F))5V7)]QJ1111
M11111112$BDS074=6`\S7)FB'_47X&CMD/0,?)37/:$](G^.!1SN?^F!YFC,
MOB@^!-&)#UE(\E%)R>+R'_=BCLT[QGS)-*$0#`1?E70VHI*,UR744Q-<JNV:
MYTJ82K<D=TQ_4`U844A.])G'?2\WO`K@R*/OBN6F4#/.,>-<R7*1QF1VY4`R
M6.P`\ZAS:S91-&'N(U[0<RY/49QGRS35QK<4,<T@#.L,@C?E4G#;?Y%,RZX4
MDFB,;B2,Q@*0!DOT'7YU#NN(9(HU<VTO61),'/9E>_;JOO%7%@WI,,4SDGF0
M-UR-ZF<J#[B_*NA@=-O*@FDYAXTA84<XS2AAXTN1XTU=3QVUO)<2N%CC4NQ/
M<!5!#Q;IW*@O%FM)VQ]C(F2H.<$D;;@9\JCR\<:2DEJD:3R]OU95`$>^,-X=
M*B:KQ3J$VDV5UI-HZ/<M(1S+SX1=N8^[)_2H<G$'$K6IAMK*5V,;J9^Q]97'
M3`V!&Q/QJ7<7W$,MDI['$RW7J!@$P@38G??UJD:=J%]%IL2:I,LEXN0S`^UO
ML:A7>JDAB&Z5;\%W?I"WJ\V2K*Q^(_\`5:NBHEZSKV?*Q4%L''E6=?5IC%-E
MD$D%T(F7)/J9`SY[TV-0U%M4$7H?],EP5>0*3F,C`^(;K[JD0PW\D.G/*;@R
M).5G'-RY7+>L1W]U-MI=[)'?1O&C\UV)H>T?(9>;.#X;9J=;Z4Z:/-ITC#[0
M.!C)"!CD`9[A34NBF2*VCENSB.%H9`J_ZBDC/7)'2I#:=:]G<Q,6,=P5+KS=
M,``8\.@HEMK"1YGEA1VF55DYM^8+T^5+&MI$J*D:J$SRX'3/6G4N8D]G85UZ
M8OC0;Q?$5R+L$X&Y/0"N9+M$]N6)?[I`*:%]&RLT<L;A3AN1LX/OI/3AGK1Z
M>OXA70U!>\BFKJZMKFWEM[@<T4BE6&>HJMCL]&BA6'T1'16[3+L6)8#&2<[G
M!-/6,6G++';6ME!&,'`2,;=]2(8WM;9(;$*+>)"(\'.0/\[US%.LFH26LTA0
M1QJQRV,DX_DU$O)K(P+*ES''R\Y*NWM;''[51:S=:<D+^BSB2?M%4*K$@+R[
MGWY_2J"29F))).:UGT>2_P!??1Y]J%&QY$C^:]"HJ)?@E8_#M4S\\4B6L*$E
M4]8]3CK3HC0'/**4`#NI"X45&DGZ\N]0)KL[CGB4^#2`557FH/"P5V'K#(*G
M((\15=)JQ_%3+:LWXJY&K,?O5U];>+X\S4B&[N9QF&&60>*(2*5KV5([U)%=
M)%M)GY2"#LAJT@U[AJRMX(Q<V1=8E!*%22<#PJD>^],O[RXL^:1)[A%!`P,)
M$2>O0#FJQM+>:Y.8EFN%_%"H$?\`S;K\`:=N;"ZBC+-:7:@=\;)+CX#!^51[
M*)KA[=(6BG:=GY'YR$54`SD#<')Q@]*N3HUV(VY7L5DQL#"S#]3475HFL/0!
MV[N9IQ'(F`(V!!R`N-NGG6+T[4+FZNK>*UF[*2;;FS[(QD_H*N9+2\GA@>VO
MKJ%)9>S,4YY66,@G<#;J&V[]JB)IMH)@;S5D(`4L690KY;SZ8&#[Z8(T2'EN
MI+^WDE=9"8@2R!L>K@`9&.@\:I]3ELC>,-/+&V5%"LV<L<;G?OS3*'FR:U'`
MC]GKR*>DD+K\1@UZ?14;4#RVLC_@PWR(-.GJ:2F990@-55Y?<BL,U#M9%O+_
M`$Z*0!T)G<J>AP`!D?&M"T$$4;,D,:D`X*J!7GR6WUO;V\UK-.ZHA1A';LV'
MYF)WR!WTU<:,MLW]7)=0@122>O&OKJHRP&&.#YU:6G#1EACE%D%#J&';71.`
M1X*HINQTF.?6[S3$ALHS;1([2=F\F2V=L,WNJYFX9D%NRV]W`DQP`39QE<9W
MVQD[>^K&+1;14`F::=O&65C\@-A\!6=XRB72K16@+F&Z/HK(S<W(7(`92=QW
M@@;'-:J'3[&U0"&S@CP/N1@=/A68T:TFU/5M7:Z']!%>?Z?=,X4=?<NVW>:L
M>*M7ETFT6.T,:2E2V6&0H[@![S4;@;7[G6X;R*]$9N+9E!=!@.K#(V[CM4J/
M3U@XP:\BV26T;F3NY^8#FQXD=?*K?5+U+"RENI#A8UYB:\XU;BB-[F+ZQNH(
MI;1Q,UFB.\H/*2$+`<H8Y&1W5A(;R:)8G!:*0;AE."I\ZYEO)G/KSRN2<DLY
M._C3/.2<BGHV;-3(<GK4^!:TG"@*:S9R';+\OS!KU(=**9NUY[:9?%#^U<PL
M6@C?Q4']*;GE"@U1W]^`#ZU9:_OV8G!JYX29I;ZS+?=M9GQYR`?Q6MU%Q'I]
MPY^[&Q_2J7@!.7A+3B?OHS_-B:KN-2`UWU]33Y!\695K7P*$AC3N5`/TK-\.
M_:<3<238]F2&,'R3/\U9\1WUQ9:>#:JKW,LBQ1!MAS$XW]U-<.7%Y*+V"\F2
M=K>?LQ*J<O..4'IW=:J>/_M/J2W_`.YJ4`^39_BM>V"&)[JHN$)HY]/NG0C/
MILX;SYJROTFZ-Q!?7MK<:1:O=0&(QR(C`%6SD'![JN/H\T"ZT#2)Y=3*K>W4
MG:2*IR(P!@+GO/\`FI6C:FNI<3ZDL8S':PH@<="Q8D@'W8%/<:L?J1T'622-
M/FX%>(ZQ*)-9U9QG#WDK?^6/XJ)O@9)P>^I9TS44MO2FLIUM>^5HR,?_`'C3
M<<>/$Y]U388&+#;`J;''OTJ7"AR!XUI=)3LI891MR.I_6O2Z*0@$$'H:@P2`
M6<?N7'RV_BJG4;P*&WK)7]Z6?E&23T'C55=0WD)8W%M-$S#([1"*U_!,;IJ!
M5T*M%I\0;/4%G9L?M6BXFE['0=0DSCE@<_H::X/3L>%])0C&+5"?B,TFL:(-
M2NDE-SV<14)/'R9[10P8#/=N!GW5<'8&LOP?AK_B.?\`'J'+_P`4`J3Q,P[7
M2U)V](+'X(QI.&YH8[>^ED<1\]Y)@N<9"X7^*IN+M1T^76N'E-Y#V<=YVDA+
MC"@*=S6@DXBTMD(AG,Q/3LD9OV%8_1KNXT:TN+N".5'&9[RSN4,9<%R!)&3W
M[@8[]JW-I>W<\`:339H6/W9"HQ^M9K4I];U?5[C0HKB+3UC@$S3(>T;!.`.[
M!J)+:W>AW$4%C>(YGB(<0VPRB1J2`B\V[$MWFJF[O]1F*]M%J,P1A*$NIK>V
M3*G(+#)8`$;XK-#A^=@]Q-J5@TDC%V8,_)DG/M\N*V'"?#44D8$$H3D4-)>K
M!EI6)/JQLXP%`'4#?-67$6CBQY[N*WGGMO19DNYVN,R8(7!];KC!VJOT7A87
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MY]W+'G`]YJKN^/\`UCC686'A:V$LGZM@540\86]M',EN^MN)I6F<)%%%S.>I
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M&&QQX>ZJSBB\GN9+G28I;.&(P<\DES)R@`G`'QJ[TN^M-0M.2&51(JA9(PPY
MHSCIM61U33[[3;U2]Y<7X=FELQ+)@"906".`-UV)!'AO61TJVD]&0.N'.[#S
MK2Z=:G;:M38V^P&.ZKO3VYK.$_D`^52:2LAQ!(8;JX0'',0_S%8F\FYI""=A
M4,%B2PV((/R-6D?$TEDJVL%YJ-O`A/*GHT<H&=_:R">O?3-SQA*RD"YU2YV]
MD11VX^?K&L]>:E=7[=E*JVMD6#M#$Q8L1T9W.[GPSL/"JF]B@=L9#_W#<4TE
MLL0'+%R`[@@=:<2,GH:)6A@'K-E\X`SU-0+V\N(I`(5#>L5Y.]L8R?UJXTB3
MT^)F=0&'7`K3:);!$O#CVHTC_P"4J"O4N([PV-K!*#@>DQ*?(L!5E)!$TZ7+
M(#)&&"MX9ZU2<+W?ITNL7>24-V8D/N50/WS47A/$FN\37`W_`*I(P?)!_FGX
MSVG'+]#V5A\N9_\`U4?BIQ]9Z?'L52*XF(/BL1Q^]7&F\L&@6:,P!6U08/\`
M:*H.!98K2QNO2)D1IY>W7F..96Z'YYI_7M0T/MK:?L[2[NEE6,>H)&12WK'`
M]V:ZBUCAJPN&]#M0L[['L;5LM\EK*\9\0?:,\GV4Z1L+2VSF0NR\O:.![(`)
MP#N2:<T.RD]`M>V7[7LUYJU%E:8QM5W;Q<N/=3U@"L)0_==Q^M2JY/6L/QLW
M97J-^.(?H2/YK$2,2:X._6FI6P"*K+J4G8G:KCA?A:_US,Y(M[$^KVK#+.?R
MCO\`,[5N;3Z.]"B&9HIKE^]I9#OGW"IMUP=H/8<K62QJ,G,;$$56Z7P!I\-P
MUQ>2/-`#F*([9'YSWGRJXFON$]'/9N;"W;\*HN?D-Z;6\X1UM^Q=+">1A@"2
M,*Q\B<5F-3X+L-$F>[TPN+:5@'A=L]F>@P?#SZ4Y!:BVM%=\(AO+8.Q'10^2
M3[MJL^,KGZXL([735EEE6<29"$#"[]>G4597?$)-LR)9SI*8\?;%8P&Q^8CO
MJ@T75H>']&[%KK36CDFD=9VNP!(3UP`"=C4#2^);;3CJ#PZE;RF[NC,QAMY9
M",@`*-AGIUKI-<=M1GU"WBUF2XFB6)C'8!%Y021CF).<FD:ZUV[N4FBT"]E<
MJ8B]](H54;V_54#<COS3/%6I2:+/V3#3U@*#D]+GDED(Q^`'I5=H&M1:P;C3
MI-7B])GY1:PO:@118^Z@;(JX7AV_2)DDXAFAB`RZVX2$8]^,;55ZS#H^G6#7
M=UK=[J+9"+#'>\Q8_`]!WTUH5SPFFE_7%W`D$\4G*T66E8,<\H&>I(&:V/"V
MNZ;Q!-<16,5PA@56)FC"@@GNWK710@"I*C`KFV.);A/!\_,`U)I"-ZQ7T@QX
M6RE\2RD_(U@F/K[=*Y/3/Z5$N6Y1EMA3-OI&IZA)&(=/NGB9@&<1G`&=SD^Z
MO8+6\-C'';BPD@MXU")ZNR@5:P7G:J&5@5/>*<NG1D521C(S63^DK7YM'TJ*
M&U)2>Y8J''W%`W^->*VT=S?7)?UF8MDD[FM-J'+8Z1';RX>1M\'JOO\`=5_H
M^MW-QP2]O>RM/>RRB"U+;NXY@?C@!CGP%6/"_%5AK=]=6EK!<6JQ0EVN)G50
M1G'3XYIN[T_A>#E.L<77$X)YN66])!W\!FN^(DX!TV[$VJQBXN;A1*%7FD)4
MC9L=`#6<XEO]'NY-#^IKF>SL94/)##;+EB9.4DDG;IBK;6^-+:-[W2M!T4SM
M%&R/<H`H7`P6``Z#QK+<)<0S<.Z3J=RH:YO;J2..+M7+`!026/NW^=:/A[C+
M79N(;6ROI;*]M;C`8VT?^F2,CUAX'8BJ+A>"TU_C.XN==9':3GD59CA68'`4
M^X#N]U-\0V%@_&<5OP\L?*'C_P!#V>T!RQ'D!OY5#T>\M[:VUUKB1C->VQAB
MZGF8OD[^5=KIELO!/U@8_M1J/9*XZ!>7?W=PJ4DND2<+06K:1=]KVA_JH"/6
MF`[QWC!`K>?1;#JBV,XU"-TMUY1:B1<-C?.._'G7H&*6F8=KV8?B16_<?Q4J
MBLE](49.CPR`;I./U!%><'VJ0@EB`,L3A1XGNKTCAOAFUL8EFN(DFO",L[C(
M0^"CN\ZT4H14QG<5%/2J36]2M.'[&XUFYCE-I`.:=(5YCC.,@5GY^/YKNVSH
MVBE0X]66]<`#W\HWK+Z]/Q#KM@EO>WME*R/SAO1^4C\H(/2J"P:^TQFCFLY%
M?\07F!\JDQZ5KVNW*I:VKJKG>>;95^'4UZ1H_"-EPYH]Y<M-+=WJ6LGV\S9Y
M!RG(0=%KRW3X.7A[56[W:WC_`/(M_%2-4T6SL^%])U(%O2;UI2^3ZH11L`*F
M\1>B>E:>UJ+I=1M[>".1&C#(V$!5E^?3%6.HZ9K&J:SHSSZ9+')V,0F,4/*B
M$L23@;#;!-+:<-\5V;ZGI]K8(([M3%).[+ADSGU3W9J9!]'NIS:.%E>""[2<
ML%+<RLA4#!(Z':M1PMP[KUEJ4-UJNI12P11LBP1)@9(P"3@9Q7&K?1YIE[>R
M74,LUMVC%W2/!7)ZX!Z5:\/<'Z9HC&6W1I)F&#+*>9L>`\!2P<%\/02R2)IL
M),F<ALL!Y`]*M[?2K""T-I':PK`3S=F$'+GQQ3\=K!&G)'$JKW!1@4ZB!>@`
M/NKNBF5*^FKZP):,C&?`C_-2J*H.-HNTX=N3_P!LJ_R(KRINOQ-"/V<B2D9*
M.KX\<'->R:?=PW4"3P.LD4@RK*<U)*(3G`S7%P(EC+.515W+'8"O+OI"XALM
M2L).']$D6X:X(6[N(SS)&@.2.;H6.!TZ51V\2PQ)$O11BIMJA+@5IM.ME8`E
M0?A6ILH%51A<5-N;6*ZM)[68$Q3(4<`XR",&J2VX+T""T>U&GHT3NKLKLS99
M<@'<^\U:#2-.6W@M_0X>S@&(U[,$(/=FI0M8`P81J"!@$#%.A%VVHY0#L!\J
MZQ7#R1H,M(B^;`4WZ5;'I,C?VG/[4"Y0G"QS-Y1-099#[-K*?,A?YH#79Z6\
M:_W2?X%=<ETWWXE\E)_FD]'G/M7C`?D0#_-="U&,/-,_F^/VI/0;7.3%S?W$
MG]Z=B@BB.8XD3^U0*<HJLXDC,N@ZA&.I@;]LUY`5)RRHQ7Q`[Z7T>X<82(\V
MV<[=:C=EJ5M('LM1GLRTA1NRD(&1U)'2G_3>*Y%?FXHNEC0L,J0,X'784P^F
M2:A@:EJU_=Y!+)-.>4GE!``SCJ:FVEA:P+)%$G911`#E&,`XWII0?5(`P:LK
M!27W'?6LTU5`&6`'O-:"WGMQMV\>?`-FI)N8L8`D<_EC8T"=R?5M)S[R`/W-
M*6NC[-N@_OD_P*0+>'O@3X%O\5UV,Y'K7./[4`_>D]%)]NXN&_WX_;%="T@Q
MZR%O[V)KI+:W0Y6WC!\0@IT`#H`*6C%%%%%%%%%,WB"6VEC(R'0K\Q7C-K<2
M1Q&*.$N>;.`I)!_^%2XK;6IC)Z/IUP>TQG[$[[8[Z>3AWB20Y33S%ZW-N47?
MYU(M^"M=;(>>")6R6!D)Z]>@JPCX#NF(,^J1`_DB)_<U81<"6H4"?4+A_'E4
M+FIL?!>B*072>0_FE/\`%3X.'='@_P!.QCQ^;+?N:GQV=K$,);Q*/<@IY45>
M@`\A2X]]+111111111111111112-TWKA411ZJ!?(8KO&:3E\*`*7OI:*****
/*****************__9
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>14
<FILENAME>g597301.jpg
<DESCRIPTION>G597301.JPG
<TEXT>
begin 644 g597301.jpg
M_]C_X``02D9)1@`!`0$!;@%N``#__@`X35),3%]'4D%02$E#4SI;5$]/5%-)
M15]23TQ,74%.1$537T9!3$Q(05)615-47TQ/1T\N15!3_]L`0P`'!08&!@4'
M!@8&"`@'"0L2#`L*"@L7$!$-$AL7'!P:%QH9'2$J)!T?*"`9&B4R)2@L+2\P
M+QTC-#@T+C<J+B\N_\``"P@`E@#\`0$1`/_$`!P```("`P$!````````````
M``0%`P8!`@<`"/_$`%(0``(!`@0#`P<&"`P$!`<```$"`P01``42(08Q01,B
M40<487&!D=$5(S(VH;%"4E5B=)*3LA8D,T-4<G.#E**SP2539/`F@M+B-$5C
MA,+A\?_:``@!`0``/P#I/'?&^:\/9TM!1T]))$8E>\JL3<D^!&$B^4W/2'_B
ME`"!<=U]_P#-B&7RHY\AC`H\O[QL;H__`*L7'*_*'ED\8&94\]'+;<A>T0^H
MC?WC#=>,N&FMIS6/?\Q_AC(XPX;/+-(S_P"1_AC(XOX<)M\II^H_PQK_``RX
M9_*T7ZC?#&1QCPT02,UBV_-;X894V;9?50)44]2'B<75@IW'NQ+Y]2_\W_*<
M>\^I?^;_`)3B.3,Z*,D-*=E+FR,=ASZ?9C8YC1A-?:FUK_0:_NMC23-:&.!Y
MWF(C0$L=#;6]%KXR,SHSHM*W>Y7C8?[;8Q/FN7T\333U*QQJ+EF!&%@XRX9/
M+-HOU6^&)(^+>'9)4B3,XS([!572VY/3EACEV94.94_G%#4+/$&*EEZ$<QC6
MNS6@H)(HZRI6)I0Q4,#N%%R?0!Z<$05,,].E1$Q,3C4&*E=O'?"B3BSAZ.5X
MGS.+6I(("L=_6!C7^%_#GY4C_4?X8]_"_AP\LS3]1_ACW\+^'/RFGZC_``Q[
M^%W#EK_*<?ZC?#&?X7<.VO\`*:6_J/\`#"[,>/,HIHR:6.HK)+;*D90>TM;%
M#E\J>?B:<"BRU$2Y4,')]'7?&!Y4^("D;>9Y<0QL?FW_`/5CJ/!V:U&=\.4>
M9U21I--JU+&"%%F(VOZL<H\KP_\`%2?H\?WG%6NBQS`+?N]?9@',Y&5(C<6V
M(L,&Y9F!<A&-]\/(ZB,)8(".N/-4IH-A8`WP,U5S&]O7B,3ACN-@+FV-14'J
M``>@&^#FSC,%BCA%1)%%$NF-$:P'NYXC&9Y@PN*Z?U=H<1OF=?I7^.U`._\`
M.'&ORI7*+BNJ6/ID-A]N)Z2HSNKCEDIYZB18A=OG#[AXG`C9IF&X\[J%/7YQ
MK_?C3Y2K_P"FU/[5OCC5JRH<_.S22#P=R<929!N%-_`G;$Z3:E!VU`WW.#:'
M,JJBDUT4SQMUTG8^S#V+B>GEACFS.".KKJ9=$3NI[XO??>W/G<>&(J_BS,Z^
MG\UJ9P$8]Y4&FXOL#;IA0M4G(6MX`8E6=";L/:1@B.JB2Y[-3X'$\==2&Y>$
M7MSP3'698?I1@>S$K5F5@=R.Y/AA)FU=$JL(453XG%+5`\U3+(PL0=@;DXW<
M7,0'T02`/#'??)CMP1EGJD_U&QSKRN_6A/T>/[SBH$KH>YL2O/VX6YJWS$:[
M&V!J&8B1@-A?IAY3F1@"H.)B['Z1)MXG'@&;D";8\I%B#??KC(TJ=0-R.6V/
M%6(72+[?;C/.R#<CPQD+K8+<NY-@%%[X.I\GJYLP6@[)Q,=R/!?$GPQT6FR.
M/+:)%FJ*>B@4;-,X74>I]>%V8\(TN>9?)F635T,U3&S*Y06CDMTOX^G">'@C
M,FHE,<8-=;64;Z('/3?Q^-L(LUR+,LLIH:FKI)(HI>3'<`^!\#@2CHS4Y;69
MCYU%%!2J_:7!+*RB]K;#?U]<#4ADEAC=P%8H"_@"1@C6&(50=/2V]\21`F2,
M1*69V`4LRBYOR%R+GU8B#,'E+`JR,R,#S#`V(]>-5D*D$=,2&2QL2;>OEC=9
M-3;.0HYWVQC7*A&_,V'@<>-1W^[RP5'/9=G&H];\L`9C(HBU$ZB>G3":D+.\
MQM<Z=@,'!5$4"\V))8_[8[OY-1;@O+1_:?ZC8YMY8#;BE/T>/[SBF.Q(<DV7
M3MA?7M>%0JCUG?`U(P$K6Z=<.Z>["_/!B*+=XVQL055=K=3C!-UOMSZ8UMC9
M5+7W(7J<;`W[BDJ.5O''1>!>#V<-F69(5Z0H>?I;_;%]K#EN44DM=4B.*&".
MVH@;*.GM..1<1UTN8Y?FG$N8HADCA=:*G<!A!T7;\<DCTC%OX3S;A_A?A++*
M#,<TIXYS&&:-G!8EM]Q\<%MQY0Q5*=IE=;'0R,%%6Z6!)Y=WG8],5OB+C6MJ
M**HJM-+39,Y[*%)J<S2U)O862XY[V]5\57.56DX*,0TZLSF1>X"`%<WY'<65
M;6P#FVC+*.EA>.%LQK`76.;=*:+:[LNVIMP!?:_JP1500P9;D-4\8C\XE[*I
MTQZ.T3<EB`-C9>G0X(K>'9*JMJ,UH7IZN*=M44B.-4:``!$/*PMM8C"?0\9D
M21YGE[1FD,YNY<G?5Z<8Q+'K/+4PY:1O?'I(VB4-.R0KT,C!?OQ&:NB3Z694
MESS77<?8,>5J>9@*2J@F8B^A'NWNYG&ZRE0`55@/$;X$KY(S';2WZV!:-FTU
M"QK:Z'ESP;"O<@!V.^.[^3C;@W+O[S]]L<R\L7UI3]&C^\XI!)8R$C:W.]L"
M5[#L+*+"WOP#3&TI'B<6#+Q/(KM'3221HP1NS&LW(N.Z-['Q\<&I:P;2=)Y8
MU@D28&RO&3]$.-F%[!@>HVQ-8H=^77TXU`!/AC<VL!>P'2V+WY/>&!6S+FU9
M'_%8C\TK?SC>/J'WXZKW(H^BH@Z[`#'$O*)Q:<QJE@I2KTL<A2EB/*HE'.1A
M^(GVFPZG"?-86H^%,GR]VD:>JJ4FF>3Z3$7D<MZ2;8CKQYCPC0PJ(C6U]2&2
M8Q@LH!+:_2RJ!8GJ1B7,QV'!F54<LDCR5-2ANSEF(U,_,[\K8QQ@RC.*"@"_
M,4=(9%4?CL=`^P'WXEXC[..3AK*:IK"(":8#D+:4^]CB'B/,,U^6ZZ"*L\TB
MB*JICA3M"ND&^L@FUR?=@"&E\ZJ"9\TG?-VA9Z..IEU"VWTK[+JW"C8FQ.)(
M)SDU:M?.DM)W@)$(TO./Q53\,GQ`VYWP+#/+6U-94S*$J)IR\D8W$?(!;];`
M"Y\;XSF%53Y<R*\3SR.NI;=U+>OKA+4YUF$MUCD[!#MHA&G[>9P-2Y7F5?4=
MC#32-)=`3)W0-9LMRW*YY8)I^'JB=@GG5.&:!JA5CU2%D5M)(TC?<'W8$S#*
M7HZ<5457',%$3/H5E,>L$J=^?(C;D</*">2JHH9I-Y'&Y\3ROB.L)T[V/J-\
M;4XT),O*Z=ZWW88+I*PL+FY._3'<?)S]3LO_`+S]]L<Q\L7UI3]'C^\XH\FI
MV<`&UMA;`E>`M."VY\,+:=KU!OXXNO"B1M/4.U3V,G9@!5^EL;A_2!_OO@Y\
MIFK7G-%401%GT5*$DB-CN72W0C>QZG$V?)3TT=!##&`4U0HW4(JC;W[X5.YC
ML`MTU!3?T_\`\QL0+:EY?=A_PED4V?YD(3<4D5FGD\!X`^)QW"F@AI8(Z>",
M1Q1J%55Y`8YOY3.*TBBFRBEG98D`-9+'NUCRC7Q9CM;_`&!QS.*;-IXXT:MF
MI`Q")34S!%B!-@I8#4Q%]S?<WPTXPE,N?4U+%J=J6E)T^+R,`OMLOVXUXOC$
M-=EE'I9(*6D;L]K`NUEL#U-E.WIP7QA3`1934&6"#+:5')E=^1*J$TKS<[<A
MA7F>;4%744V:)05K9EV:IYI-'IBV8D,[\MKWL/0,1Y]FBYG5B>DRR2&HT"-J
MBJ<,JJ"3W4![QN>9V]&(9#FE>R=K72S,JV$K4T;R6_K:<%4O#=;*KB*AF;M3
M>5I]V<^+$\\-J'@:=)1,D--3D;7M=B/7A_!P93[&>J<CF546O@/B[@^F?)6:
M@5NUANPU&_\`W_WX8Y[P^\%.]/.T;>=TM<)&6.(L[1:#=;\AOMN1SPQ%3F$`
MBD>GIX/-(@)9I7,C`1Z#I*J>:WU`>#'PQJF7R4HG=JYYUH7DH'BAIUNT;LK&
MP:]Q=[[]!@'B2BFCR^<+7O-#3:$E32B]_6RJ>Z+E+$V\#<>&(<C:^606Z:A]
MIQB=B/?@FGLJS:Q=BE[8-C(*4]M778X[EY.OJ?E_]Y^^V.8>6/ZU)^C1_><4
M=BQU]X\O'`U?':!03O:]L)X"%F9F8*H/,XLF7=NU33&C5GJ5=6C*`V&^]ST%
MN>+SF#?)\PS.&,=C;35(B[E;[/Z2O7T7P+7TQS%97I98R\<RR0LVZ&Z"XVZ$
M'`>8014V42PN^JIUHP=1SEYJ`#T`O[,"T,,E1/'`)(T+[-(YTJHZD^C'5LJX
MBX3X<RU**DJS4,HO(T,9)=NI)-L*L_\`*A2)3M3T<$E/+,I$=1.P"IZ;"YOZ
ML<TJ*B&KS*G[`S5%'$ID[9H637.><AU6OMLO@+XG,E7#40RTB4S%#JTU!:UQ
MR)`Y^\8TFBS2NS$YA)5E:HJ%!I(`@VY'>]R.A/+!]/PYF%3+'))%5U$BG4K5
M4[.%/C8FU_9AC#P3.\T=1,8TDC/<U,SA/ZH)LOLPUAX2I5;Y^I>2^Y6]L,Z;
MA_*8/HTJL?S]\,X:>")=,<**!X+@@8W%AS.`US2'Y97*E%Y.Q[8M?8#58#UW
MO[L,VTZ&U@%+'5?PZXX)5YG24N<YR$@<05*=EI4*>\'5KV:XZ'WX556=54R2
M1HD<*RH4ET][M;H$)-^1TJ.6`6S"M[9IA63K*QU%ED*DFUK[>C;`KI.58]G*
M0>?=.^'.03:J*6*^\;_?@N<V>Y%R;'!5/:\UN9C//I@F-SV<%R3SQW3R<?4W
M+O[S]]L<R\L0OQ4GZ/']YQ3NS4:W_!"WMZ?#`68!A$&M](;D\L(X#_&B]SJ0
MW!L-O5BXY;G51&J=I3I+;FR2&-C[.1Q9J"N%8"L-0P=1=H:B,:@#Z1S'OP'#
MVV3SL'6),LE?\!B>P8]=QLI/N]6`\T6IE%).(Y)59I7(C6]B;:+_`/E%KX%B
MAJ'GEC6,R6(L4W`-@;>L8;TF0YM4@A*-QU!;;#BEX-S%TO-/'"!O8\QAM3<'
M4856EJGE\=.#ER/)*"/7)"@4FVJ5L305&6BM;+Z<1=NB"0HH%PIY'!N*_)55
M4W%2T<,J"EIZ;M)AU+,UE'V$X&FGGGXPC@BJ+4U+2F290=BS-90?8"<.4K:5
MXY'AFCE[,$L$8&UN?+"NFXIR^>CK:E1+&M+&)'[2,J;%=0V/CTP)5<2U-,QA
MG2*"1XHF5F-UC+EKW\0H4G;<VMUP'69EFDE'0PU$MG$T<\Y"Z&$':JJW`.Q)
M(N/0<:P/109UGF:+"9JJ&9*:#OEOG"HNHWL.\>0Y`'%WS"9XLEGFEMK$7>MR
MN=O]\<.R[AS-L\JY'IX&".Y;6PY@G_OG;%XRSR94D8#9C4-(WXJG;[/_`-XL
MM-PKD=(BK'0H=/(GG]F"9*"@C0CS>,*!CE6>?)YSJJERR-!"JB-G7Z+N#O;Q
MMROA+(6,G,WO@Y&;3*"?YO$J-W(/;CO'DVWX+R[^\_?;'-_*^+\4)^CQ_><5
M$Q#1)(=DT[^_"[,R_F\9U:1R`P@@-JMF+#GO;KAW3N412%9KFVPO;UXL&7MY
MM%-F`8R2P]QE9"H"$!C:]B"+$WZVZ8<U4DBB6"LB1/FA(R.+AHSR-P2"#A30
M3L8/DZ35I5K(6-CV0.X/6XV'J(QT#@RDJHZ)JF>5#3SNTM/&(P&"L;ZF;F;]
M/`6QIFG%PRS-Y*"7+*Z90JE&A@+AR;WM;PVPJSOB#/ZJC7L*`9;1U,R0++4M
M\\0YT[(.1%[[G%NH(J+)\MI:-9[1*`B&1KEO#?QPBXJ:*NS?),KN65IC4R6W
M!5!<?YBONQCA@-)7YSF4SQGM:HT\9'XL0TCV7U899YF,N6TO:PT-15R'94A6
MYN>5_`>)Q2<II\]SK,\UK4JHLJ7M1#(L8$LBL@Y!CM;O&Y\<8IH&C&;I3UD[
M25%=%1^<U$EV"!0');IS>WAMC;*ZF.L7,*.AB6"2OG"1+&-)CI5C51);GI*\
MCU+#!&84>8U9S;+Z:D[-YY]<DC+W#`H0)&K=6(6W@-[\\'1Y#552_*<M-"*T
M5?G$5/,Y951052,D>`-]0O9O'$C\)U-6Z5-3F4L55*1YUV!L'16#*BWOI"D7
M!YWOXX<4_#N44==#6H@1XDTJ"UA>UM5K_2MM?G;$V<9MD24[T^89C#&A(+#M
M`";&^$LO'_#=%#V5$DTR)T@A-O?@&;CS,:IRN5Y#*^Q([9M)-O`"]\5C/N*^
M.(*:6=X*:DBY``:C[#[<#,]56PQ/F594U,C("T;R$("1N-(MB*=510H4"VP4
M=,*Y">T]O3!R`_/7O_)[XW79(?;;'>O)I]2LM]4G^HV.=>5WZSI^CQ_><51B
M")-+Z;+L+;85YK84ZK<$WVMTP@H(14Y@8#,(2URK%=6H^',8N&6Y.8E[6IJ'
M,@<")HX6T)^<P_"'*_@,/)Y%>EEJ9*JEGF,T1=*?9%0$)I`)O:Q-[^.`JO*1
M2K4-YY.8+7T,Q)"@6"^H;`>`P3'DTTV5#-A417:I*"$W5Y"&T:`>5V"GPZ8Z
MAE]335E'!54;!J:5`T9`MMX6Z6Y6Z6P0RKI8Z5+=+]3CFO$;<0YMFF54U8D6
M74LE>(Z<0MJF[H9NTOR`VY>K"_/VCCIJRCFDEG6FDCRZF:?ODR/9Y96)ZA#8
M'H/7AC4YT(^)#)3PK,D=(U)0:=_.9=8#Z2-K*0`3R`!P1PI15<R45%44TL45
M&6EJFE4J):@D_0_&47)OR)MAYQ+FE?ER#S3*YJ[M$8((1<J_35X+Z1RMZ<>X
M6RR3+<DB@J6#54FJ2=P/I.Q)/KYV]F(X<DR^&EJZ6L5*B&HG>9EFL0=1O;U#
M&9LVX?RUAVM72Q.BA%&H7"CD/5Z,+:CCO*(P32PU-4WC'$;>\X$'%^>UIMEN
M1:%(^G.W^P]>*S4<5<859,:S04ZL;=Q-Q[\5G/:O.VM'4YS5.2=P'L,:955T
ME._:S9>D\A_#68@CV'4/LQ;J6NHB/.HZ6IIY'1+ZXHY[+>X(`*D`E?#>V#!F
M,]($CILQH$(4*IJ8#`PM;JXM?8=<),V>NJ1!0NT,M/)*H=J=E92`;\U)Y;X.
M.E6`4=Z^]^F`JC\)L*F-I`?3@PD!I1^9C=2"L-KX[[Y-/J5EOJD_?;'._*Y]
M9T_L(_O.*D0@$MW_``>@PIS3^13%?C0-.VJW/:XQ?."::>(3U:HXIY$`10=G
M8'=@#[KX=NE+F-2R5DM+*4%UI4D#%?SFMS/V#"_,:5!VE-EYECE([P5SV:@_
MC`W'L&^%];+404R4];I>#M!>2,D;VM?3SU;#<8NG"5'6UV3+F>79S)3U<LLB
MS%HQ+#,P:P9DVLUK7*D7ZXL^<T%964D/F=8(:N!@ZN5NC&VX9>JG?:_W819=
MDG$-;Q)#G/$,E*D=&K+30TQ;3<[%S??EMAQ493D,>:39K.L*U,L9CD+-])3S
MV]6%\O$'">51)"M53(L(LB1@=T>``PIG\HF5$?Q"CJZIBVD=G$;$X7U/%W$=
M1O1Y"84L234'EO;EBN9CGO&,TW92U<<`8`CL1>P/KWPJJ*>OJ)D:NS2HF4FQ
M!<[8:Y;EM%13BI-.U0(P6(%KG;I?:^+'#50")ZM<HJXQ9`?GH;[V(%K<]P<:
M',8ZA3'#EU?=D;2?.(R!:XML.>W+PPAK*ZFRP-32(_G`%CI&H`^S":#+Z^OD
M7-8&C6.*3NZGTL2,-6.<3M:;+8:XVN1YNDA/M`O@RGI:PQIKR.2B*6TR><^;
MV]DA(ZGIUQYJ&&"(Q19I#3FQ'9NOG`WO>QC``^D<*H,CCRNM6K2L6J6:#YMQ
M$8RO>(86)]&&"JUM1[J^)P+5-J%@+`85/],>O!.JQE-S;3:V,Q/M%[<?0?DS
MWX*RWU2?ZC8YYY6Q?B9/["/[SBH%;B;^K\,*\T([!0`3?G<80(`9SUWQ8:"(
M]D%1Y%4[,BR$*P]5\6^EJHJR"D,2PH^7P,K,%`)D;;UD!;'UG!4F7R4^525<
MU4E.P75%3Z-<DK'\??8GP&XZXK]754JRRVFCDG2]QS[,=3MT'7!-'Q%1Y<L?
M\'(JZ:LYRDJ>RJ/ZR<@/`C<>G#"7C7B:I[84N7P4_9+=PQ)8"U[V]AQ6JS/N
M+*Q27S$Q(W1!BM3G-S4(:NIFFC8VU,&/M\,,\ORB&IJ(H@EWF<+<^DVQTS,8
M,IR<24V7F&$4J[W/5@>9/BP&$^8YC4S4QCIHTI:4D-YU5N([V`L5U>J^US>^
M*\*BA\Z2EIQ49E6LP`!^8C)Z@EN\?<,-1DE=/`TU7!3TMC=8X6)`'M)/VXQ1
MRQ%_-82K2H+-J-K>_#BERBGJC::DBN0%8B:7<>QK8>)DU%1Q".FH078$V$SK
M:_K;:]ABK9_D5-34\^8OED9<)K)DD9@.?B>>V!:BM>@J)Z.BAIJ>&-@%T0JQ
M(*@AB2#N;X%EKJV4?.5<Y!Z:R`?=88&87!<J6(!L3O?T8R]A=EOHU6!/.Q)`
M^[!:R:LHBD1R6CJ'3ER4J&'VAL0Z=3:7+%B+DWY8#G6RW8VOR'7"R>RL"#L>
M6,]IWIM@1IQ)&]Q$``!CZ'\F7U(RSU2?ZC8Y]Y6_K*G]A']YQ3F8`R;_`(.%
M>9$]B"&PFA`,[`B^_/%DH5`4,N^V"\YXBERW**/+Z..,5#EW,S("4%]@,4]J
MRKED$LE5,\@-PS2$D'!F2S+!F$3.3V;DQO;?NL+'%DRWB2;*)#E/R1`[PMV;
M.DC*SVVN=C[L6-I3#(TOR95C2"S-'+&X(8VZ@$@E;6]&*M(P#3!$E54=@.U`
M#6!\`2/1BQY>I2@IT/2,<_5A-/5S9?G%/44RQEPVP901N+7]>'4K><VD#M'.
MRZ9)]"N[>%BP(7V"_IQL.'*NI!J%)<%1=ZI2[DWOLQW*D;:>5L:5>64V7R>?
ME345J,C23RW2Q!%[*HMRZF]\-:F4S(XZ6Q7LLRR23.R^DB,C<XZ-ER4U&0[A
M0B<K]3A779@L@\YTRD$W(T7ZGKR\,`9K%F=?1/2BDT*$-UUAG%_$7N/=BF2Z
MV\SEF#*TU)'J+*5)*$QG8B_X(QHDFQBE#*$N0.84;&]L0AE9M*M)K.X4'GZK
MXT=-;JDA:]N0W])^_#7+@#!70+&6=HTE4`?\MKFWL8X]%15TI#14U06L;E8F
M^&-:K*LPBADFFHIDC1=3,]KV].]\5BK)U7QJI`,IM<E;[X(ATD1$"Q^S'T3Y
M,OJ3EGJD_P!1L<\\KIMQ,G]A']YQ2)&_E/5@#,;F!;#:W3"V",]L?&^+#2;$
M$8GK:.DKZ<+/&^N,DJ\9`87Y\]B/1A2N4TB'?Y1<#H(D'VZL3JDU)"SY?0"&
M0#^5D?M);>(Z#%IX,IZ*>$*]#'42@EVDEA#,3U.KG]N+?4-EBQJM11-&!NI#
M.H%M[C>WIQ4N(*;*^R5Z260$J8PKOJ`YD6V\2<$1+HB1?Q5`^S"1Z&>MS>%8
MTOO?%]RO+J6E99:P:BO*/23J]=NF)J_-^V*O9X1<@*4((&P!Y>LX75F94E31
M202!I)&'=U+RVMX[]??C.3TAGIX99.108ASZKCR>/MHE0R"^E6Y$VQ0Y>)>*
M<S[M,90C'NBFI0+>I@+_`&X;0TV85.<Y/'F\%8D22]M+YU+K&A%#DV+$\U/3
MJ,`353/+)F4CL*FHD><$;-N=K$;^`Q)5U-56-$]54S3/$I5#(VH@$WM<XB8D
MD%B21UP,6M,D:TQ47^GI%@/1@@A$1W<D*HN;<SX#UXS!,U.RS13M'(!LZ.01
M?P(Q(]9/4B\E5-*/SY&/WG&<OB#UR1JH!D21#8>,;?`805@+&]MSOB*$"TP8
MBX&UCOZL&TZ6$-[!K\KX^AO)KMP7EH]$G[[8YQY8#;B=!_T\?WG%'D8VD#'F
M-A@*N!,"FQMA.:F2*I951"!^,#AE!FDZ@?-0^X_'!'RQ4C^9@]Q^.)J/,J^I
MG6GIX*<RN=@>[?T7)P8/EK4`*&F)D;2-+@WN;7'>Y7VOROM@R@S'B2GHQ2T<
M-$()IV50KH=<EA<`ZM^8]^,2<0<2PPFL9J;LE<H6$BL&86)`&KO6U#EXX2UF
M>5U7"R5*Q,'(+-I(+$&XZ]/1AJM1Q$6MYK""%U&[`:>6QNVQ[R['?<8B:?.Z
ML10BA[\YD5%&Q9H_IBU^8\,*EIZU!YV8=**%>[3%=0(!%AJ!.Q!VY8FKJC-*
M"I[&5G@F2X*Q5+FQOR-G._HP30\0<1O,((*^=F`)*R."%`YDEN0'IPUASWB6
M&!0E/&RZM(M8DDMIO8'EJVOROA?F=5G>8:Y)X(G6$W+1N"";:NZ0W>VW(%[#
M$59G>>4Y2&J.C7&LJJ2;,C"ZD;VL1@K)IYI:#-\RE8"3LEHH]-^<I[W^53[\
M1LYCD0=B3'J47U6U7-K#P-L>JXOG)9DD(2)B/`,UKD*O06ZG'G8P2A&4$1CO
M]18??Z<#]KW")0V[:6!Z@VM]E\&+41PLR.05*]X%;C;E?$\Y@-E4C2D!D4*`
M%U:C<^NP&WIP%,LP-06#K*NJ1^1)/OVW*^K?!F7:X,[I&8@H:A(R`+;.AW]'
MI]8Q4:BNG5BC11!E[IV/J\<$4P):91MMN?1AG3JEJ<J"+WYX^@?)M]3,M]4G
M[[8YKY8/K2GZ/']YQ2I1WF;Q6Y&`<R!$0O?"A*::>H9D`-]MV`PRCRFM(%DC
M_:K\<;_)5;U6']LGQQ)34%?!4PSI'`S1.K@&9;&QOXX94\V:4_9!:6E[6(%`
MQG7=#+VA4B_XW7PQB*KSN-*966!Q%5&J):=?G6[NQWY#0.6-*F;,ZB@DHFAB
MT/,9BWG2DEB%&_C;2+<L`R4F;2T\-,[JT$%S&AF2R7.]M^N'$.89S#-+/!1T
MBO*Q>2\RL&<Z038G863EZ3Z,01U&;Q*5CIJ5$#F1+3+J1BK"^J]R>^>?@,;S
MUN9S]HTM#0ZFB>-=,RA4U($8@7_-!'@<"9H,SK\Q->T<44Y.H::E38WN+7.P
M&-(XLS2KGJ:E(IWJ$=9=<Z@N&YFX.QZX*II\RI4B$%)3*\2"-6-0#W.TUZ2+
M^.U_#&M(]=21K%3T=.$CD:6+55`E&9-#==Q;$&819C7B+M8:96BU*K),H[I-
MPMK]-[>O#6FI)?X/TM%3UU#%5BIDGEAG:PD.D*@#C;87Y^.`ZF',Z,=K6Y5+
MV>G>>#YV.W]9;C$-+74\CIIG21!)K*,;$\MO>!B=G>1)=2CM)A9FOLJWN?62
M;>@#!])0K4Y=G%65VI*36#T#:A;[`V%$E?EX+@SQ]XG5UU>O$+U^7-ITRMW=
MQV8/JQ+%4&?6(::OG+C2VE&:XYVVP5!%F8GA[/(<Q4=JAU=@VUF&_+T84YUE
M-6,SK2JQZ/.)+?.KRU'TXUB+%IQ?:W3#*FL4I]N\-K^C'?\`R;_4S+O[S]]L
M<W\KRWXH3]'C^\XIW9[2LUS86POS<::1;BWH&$U'4:7-SUPXADE$8L_38WQF
MH9C*Q5P`>6_+$;U)234CW-_&P&(_.39KWN6O<'&KU+LBJ#L"3SQJDKAP>T[H
M/(G$\%3)WBY[N"!4BUSRZ#$<TX?8.5L>8Q&S[@&>2PZ8U+LWT9'`OM;PQ[4U
MMY&&^Y)QC5'8_/L#SV&-#(""ID-KW%L;AKJ/GWOT'CB1)Q&MBU[[W)Q-3YE+
M3MKIYY(F\8W*_=@J3-8ZP:<PHJ.M)%M<D823UZTL??B'L,KDWHJVLH7\)/GX
MK^&UF^_#2FKER[+5@\ZIZJ:61Y)M*ZHV33I52K#J"QL<1Q9PZJ3'%1Q>'9TD
M0_\`QQ,F=5A/_P`;(O@%(4?8,;',JJ4V:LJ#OR,S?'$4DY8&[/<>+$X7U!#*
M1<7OMA?#].H]1PTIDTI3DGO&^WHQWWR<?4W+O[S]]L<[\K2WXE0__0C^\XJ9
M0%9+$`A3S]F%.?`)1#<%CX=,4P3.)7L#>_NPTI:R8DA=\3M+(WX0N>@-\1L)
M!S/L!QK>2Q&E?7JQ@+-IU=/&^-]+CNM:_C?#3*,DS7-'(HX6,8'>D.RCVX:'
M('II8Z.NJ8Q6SD(D:W8J3RY#GZ\`U^09U1:VEHW**Q4NHN-NOJPI(D'+<^/3
M'C'-8NY]E\9CAJY]HHVD8\@@O;$HRG-2+^93_LSC(RK-?HB@G/CW-\9;*,W-
MK4-0>GT#C!RC-[#^(S_J8Q\CYQ_0)_U,;_).<`:5H)]^9T<\;)DV<:@HH9F8
M^(L!@26.JBGEA>QD4E&L>HYXU9Y19018=;\SC=9IA8\[>G$Z5$MB;D'KOB9*
MV0;$[=;X\]3J_--K`7Q'2,2]0?7AS3V*P68'<]-\=[\G'U.R_P#O/WVP#Q=P
M0_$.9+6KF(IP(U328M7(^-QA,WDPE.O_`(RO>%OY#_W8%K/)(]5&L;YVH4?]
M/_[L6+(/)GPGE$2Z\NCKJC\*:K&NY]"G8>[%C7A[(%%ER3+@/`4J?#&1D&1#
M<9-EX_\`MD^&/?(&1?D;+_\`#)\,>^0,B_(N7_X9/ACWR#D?Y&R__#)\,>^0
M<C_(V7_X9/A@N&AHX(Q%!2011CDJ1A0/8,1_)>6]L)_D^E[4/K#]BNH-:U[V
MYVVOB<T].008(R"+$:1O@(9'DM@OR1066]AYNFU^?3'CD62'GD]!_AD^&)8<
MJRN"_89=217YZ(56_N&)/,:+^B0?LQC`R^A#,PHJ<,W,]F-\9%#1#E20?LQC
M'R?0W)\RI[G?^3&-O,:+^B0?LQC'F-%_1(/V8Q[S&B_HD'[,8';(\E8LS910
M$L;DFG3?[,:_(&1?D;+_`/#)\,>^0<C_`"-E_P#AD^&,_(.1_D;+_P##)\,8
M^0,B/_R;+_\`#)\,*<YX$X6S6)EFRF"&0C:6F'9,/=S]N*4/(]H:7LL][K7T
MZJ?<#T][?!$/DIEC"?\`&U.G_I^?^;'0N&LJ.2Y+39:9Q,8=7?"Z;W8GE[<?
"_]D_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>15
<FILENAME>g621652.jpg
<DESCRIPTION>G621652.JPG
<TEXT>
begin 644 g621652.jpg
M_]C_X``02D9)1@`!`0$!80%A``#__@`U35),3%]'4D%02$E#4SI;5$]/5%-)
M15]23TQ,74%.1$537U!-0U)53D-(7TQ/1T\N15!3_]L`0P`'!08&!@4'!@8&
M"`@'"0L2#`L*"@L7$!$-$AL7'!P:%QH9'2$J)!T?*"`9&B4R)2@L+2\P+QTC
M-#@T+C<J+B\N_]L`0P$("`@+"@L6#`P6+AX:'BXN+BXN+BXN+BXN+BXN+BXN
M+BXN+BXN+BXN+BXN+BXN+BXN+BXN+BXN+BXN+BXN+BXN_\``$0@`DP#S`P$B
M``(1`0,1`?_$`!P```$%`0$!``````````````8``P0%!P(!"/_$`$X0``$#
M`P$$!`@*!0L$`@,```$"`P0`!1$A!A(3,4%187$'%"(R@9&AL14C,T)B<G.2
MLL$D0U*BT18T4U569(*#E,+2-41CX65TD_#Q_\0`%`$!````````````````
M`````/_$`!01`0````````````````````#_V@`,`P$``A$#$0`_`/H5Q;O&
M(2[NIX@3C=!TW<TUQ9'#WN-^KWO,'/-=N?+G[9/X:;_4_P"4??0.%YY`6HN;
MVZYN@$`9Y=-,IOEM#Q8>D)8=3S2YH!_BY>VF[DKAQ'U:Z/IY=XJAFS6`E*'8
M"$I(T^$9*6AZ&ADGU4!DR^R^C?8=0X@_.0H*'LIRLT7:7+B=^*Q(W.A,*-XJ
MG_\`(X<^I-)G9RXM)W8]\DP23JAJ6[,<]))P/50:72K/V[?>(WD,[17-U1YE
MYU*U?="21[*D)@;6E8*;[)W?IMMI`]&"3[*`XI4&HMVU85O+VE=/T1';`]V:
M<\1VH_M`[_IV_P"%`74J$?$=J/[0.?Z=O^%+Q':C^T#G^G;_`(4!=2H1\1VH
M_M`Y_IV_X4O$MJ?[0.?Z=O\`A0%U*A'Q+:G^T"_].W_"N5Q=IFT[SFT10GK4
MPT![J`PI4$*_E(`5)O[J@/G&,VE/WE`"FDM[7O`AJ^+_`,$1M7M(`]]`>4J`
M)+VT,3R9VU3$96-$%IM3A[D@>X4PJ9M,EM"Q>)*&,@&1*C,QTXZ_+`)]`H-&
MI5FZY>TRX2WFMJ24A807VX"%)!](&1VBI;:MK%M(4+X<'&=Z.WO@?M;H&=>J
M@/:5`KG\IDX2+ZYGJ4PVD_=`*O97286UKBDJ^'9.[U<%ML>U)4?4*`XI4&_`
ME^=/Z1M).W3\UG=1[<9IX;..+QQ[G<7>Q4I?Y&@*EK0A.\M24I'2HXJ$N[V\
M*W$24/+_`&6?+/LJK9V;MZ#E;7$5UN**_?5JS%8CIPTVE`^B,4'OC#KA(`X1
M\DX4,G!.->JD7'_Z4?.^;U5%:7OSGQGD&OQ&I!Y??]]!,:WBVDJ5DXYXQ2KU
MOY-/=2H(3O\`.%?;(_#7'ZH_9*]]=/?SA7VK?NK@?)?Y:_Q4$:]_]/D]7%;]
MZ:A6Z(&=U4.`PSD><AE*5?>5K[*FWW_IDL_^1L_O)I^$?(30+Q)UQ6\Z\".D
M*)7[\#V5(;@L)\[>6.I2O)^Z,#V4^FG!0<MM(;3NMH2D=21BNMT5T*5!YNBO
M-T4T[*CM*"5NIWC\T:GU"H[MQ2A80EHY/+?.[[-3[*";NBENBH3*YCSOE@MM
M\\A&/1Y1S[*B;0W'Q9CQ9I6'G!J1\U/7064=^/)"RPZE>XK=5CH-<27'6R`A
MD$'DK4Z]P%`\:0]%=#K"RA8]1[#UT76J[LS0&W`&W_V>A7=_"@X?=?0@KEOH
MC-_M+<2T/S/M%5Z)L-Q*C'\9FJ3S5'9*4C_,7IZ=ZKA%FMB72^8;3CI.>(Z.
M(H'L*LXKMQNW7-!:<0S)0VO5"AO`*'90#)NRW%AN.W$:?[`J<Z/N>2#WJKIU
MBZ2L>-^,A&-%2I0CH/\`EM:GN*J)$P=QKAH=+:!YJ&4AM(]6OMKE%N3D*6X=
M_K;&[[=3[:"@CVU+*%*,KA[P_P"R83&S_F*RH]X-28]OC:.1X"''?Z5Y)?7G
MZZR/SJTFR+5:6O&IKK#"1R<=/E'NSJ3W556_;&USMH4V)MN2W)<CF0RIULI#
MJ`<*(',`:><!G.F:"T$64Z`7%I`QYJ_+'W1@>^GA!;*BMQ:UJ//7=![P,9]-
M3*5`VVPTU\FVE'U1BNMT5U7BE!()40`.9/10+=%>8IAJ=">=X3,MAQS]A#B2
M?4#74IU;0!0WO9TSDZ>@`DT'9IB0XAM!4M:4#K4<5#>>DAM2Y#J8[0^>I0:'
MK.3[JJ')T1QDNQ^/.*>;D=&X@=[JSCU&@GVYU+TR4M!)3EH9((SJ>NI_S/0O
MWU2;,242US7D!D#BMI^*<+@Z>:L:GNTJY'F#ZJ_?06#?F)[J5>H\Q/=2H*][
M^<+^T:KD?)*^HY[Z[?\`YPY]=JF_F*[G??01KWK:IGUFS[4T]`U;33-YUM,P
M]C9_#50Q-B(PS*ND?>Z&@Z7%_=1B@*5OL,X#KJ$$\@3J?13;UP::QY"]>E6$
M#VZ^RJ)R>PPA1,26&OZ2041&O62%'U&F6KE-<'Z&VUNDX!@1E/GTN+W4^^@(
M#)F.*PTUA!Z4I)QZ58'L-5\B;&:?X,JY-%Q7ZE*RZO[B<>XU7.P)DA:1,6E>
MN<3Y16KT--;J?634IJWH2O@*ER-U6@99"(C:O0GRSZZ"1$<+D@1V;=,X9U4I
M\I92!UA`\H^D5;*>A05-M*X;/%.$@#&33,"##M<=;B(S+!QY:D$J)':HZFJK
MQ)ZZ7-3TH%+*.:>H=">_I-!>SI;<.,I]>N-$I'-1Z!0NBW3+@ZI]P^6XK!)Y
M)Z_0.7?5ZQ!"LJWEAL'#*5'/#3UC\NJO+O+CV^"YODHCLM[SNX,D)Y!*?I*.
M@';00$6RW[JD[RG5)TPT-XCO/+/_`.]%6$.+&X;D/Q,MHT7Y1!5DYP=.1&*R
M#PA39R-EY]R==<%Q64(BMI<4$1EK6E*$I2#C(TU(.N36Q6=MUMI0?=4ZZE+;
M:EJ.2HI0,D^DF@8D.2F0Y$XI<1N;W%^>E/+!ZU'D#5=:[5*1*2Z'5,`9WMWH
M^CV]M$JDH0E:B0G.I4>CMIE,N(A"<.8;Z%;IW?7RH(I%T=?24NMMH;!UW20Z
M>[H%2V906O@O(X3_`.P3YW:D](IBXW)B$RXZMQM#;:=]QU9\AL'EGK)Z`-30
MG<-J6N`IY^/*:BI.KDAUF.!U$!62/20:"C1!ND+:&Y-W=V)+<1NN1I:-XO;B
MRKR5[V0G&-`G3`KC85H3/"Q?Y9\H6VUQXR?HJ<45J]@%34NKESYLY;;R..I"
M4!XI*MU*``?))&IR=*K?!O/1"9VTVF6G?7,N_BD9O."ZII(0E([R3KT`$T&I
MW*YP+6TEV?*;82L[J`HZK/4D#4GNJI5M?;$K^,CST,CF^J*H(`ZSTX]%9AM=
M<[LR_#A6PIE[5WMTL1W%>:RD:J4!\U"`=.OF<FK>W[',;'+BMIGRYT^:TX[-
MDONE7%<248(')(&\H#&N#KF@T:[WJ-`M:)[93)XVZF,EM8P\I0RD`\L8R<]0
M)K()\W:O;#:258;.(TA<0)-PF3`KQ**HC(;;:'GJQKE63W4_:I;C<V[V]U2E
M0K;=`M!/FQT2&,@=B=\*'9OU>VGQNP2[E(M(CDW!\2)#4D*QOA(3E*DZC(`T
M(.M`([:-2MC+"['N<]AV\%`=M<N'`+*EO`Y"$A(.",=8R%5MR5O3+,ESXQIY
MZ.%>2K<4DE(/,@X]5#T?:PH4VJ\V]MAH'62RYQ$-?25D`I';KCIHL7AYD[B]
M%C12<'3W4`DW:UNN%QYR.5HY+0E4MU/^8YY*3W`4ZN%%=2"MI<YQ)\Z6LR"D
M]B1Y"31"(C((*P75#I<.?9R]E>/Z(P-`.B@J;)OA^7Q,@\1L8.-!@Z::"K%/
MF#ZBO?4&U?SF6?\`S-^XU-1YB?J'WT%DGS1W4J2?-'=2H($CY=SO;]YIOH/^
M;[Z=D_+.=S?OIK&I[W:"-=];/,^S0?=5%;HC:4%"YLH)/ZIGAQ4_N`*-7MSU
MM$W[%)]E*UH0AI)0A*21S2D"@CPX##9)CVUI*^AU2"XK[[F#[ZL4Q)3OR[HQ
MT943[!NCWU-33HH(C=O:2,+6M78/('J3BI"6V64E24(0`,D@8IP5#DYE.F*D
MX;3JZ?<G\S_[H&HDCX37Q$H4F,TLX*OUA'+T#G5@A"4#"1S.3VUS'90PRAIL
M82D8IPD`9/*@:D.AEO>QO*)PE(YJ/0*S7:*]Q'KO"@N/A;1DEMK=&?&)(22I
M0^@V`1GEO=U7VUM[$2*HHDB.ZZVHH=)`\69'GOG/J3VD=M9'LE%D7V_1=L)"
M%QK?PWH]HB*&/B$@`O'M4I7IUZJ"\VQ1XW-V4M0_[R^1MX?01E:O<*T:5M%&
M@J=CH<#S_%7EN*.,XG*CSQY*/\1]%`D9H3?"ULO&.J84*5-4GHR<-I/M-3XM
MK3:+Q>X,>4^[$\:2MI#JM[A%2`I20>K)SZ:!FX[?1`Q*7(=7:N#)5&=DS5A:
M-Y)_5#&'%X(S@;J>VN[E=IEBM<N^Q;A)?,9HR%MR9"G&WT@9*2#H,CD4XP<=
M&E4>REEC;0RMJ-M[PE$ANVKDP;7&6G+;0;2=YW!T*B3S_P#6.?"*%1_!]<8R
M"=];+45/:5+0F@,[M,9N4V.(R>'"8:1(+7++SB=X$_501@=:L]`H1M-D;V\\
M(4INYMAW9[9O=08ZM42I2AGRAR(2.CNZS1*VTAJ;<`D82):T^A`2@>Q(KGP(
M\*/L#+O[^BKA-E3GED]`64CV(H(]M4W$MI.0&8RG@.H(0M0`]``%#_@[2I>R
MEDXH4'"V_<%@GFN0\O=)_P`"?WJ=VI>-O\'EV>)W7/$'#GJ6YG\UU>6ZW&T*
MA0EHW4HM<%*?\""E7M]]`+72XV.S;7.[0RMK(\:<W&$1F,VA+KK(SE12G7RE
M'3S>52F+_>KL^7[#LGM%=Y"T[@EW',=G&<Z%>@'3Y(%$W@:LMM;L]RER+?&5
M=A=I:7WULI+F>(=T;Q&<;I21WT2[;7UB!!>A-RT,/K;*GGRH`1&>EQ6>1Z$C
MI/<:`)V!?:MERO+VU+]LX]_DLLH9BJ4^PWNH*0A;A3NY)&,9.3I1%*\'[D=X
MN[.[02X#7,0I"1)C]P"O+2.P*TZ*`(EUB[0V#B/,+L]N$I/P/-D)W4.<(I*%
MC>P`<@^2<9&<=-&-T\)*;?#4[-=LL,!)R\9W%S]5L)"E'LS00+E,-MMMT5>D
M,MNV]M8E);45-GR-X;I.I"@H:'77%%/@C3-1X-MG1<.)XP8H4>(3O!))*!K]
M$IK-K/9+QX2;@F7/CR6-E6WA)<5*1PWKNZ,;N4_-:&`.K`Z^6TV^4I$-");;
M+#R<IX+)WMU(Y8`[*">JHLCS35;<]I+9;T%4B2RT1\UUP!7W1E7LH*O7A&B@
M*3!9?D=I'!3Z]5'V4!K:?EY1_P#.C\)J:WYB?L_]U#'@[GO7.SKG/H0A;DLC
M=1G``3ISUHG;Y(^R'XJ"R3YH[J5)/FCNI4$.2/C7/JH_%3)\_'TG?=3\KY1?
MU$_BIDCXT?7<]U!$N&MIFC^[)/LKVV_(H[J4W_IDP?W4>XU#@.3%,IX+>@^A
M^:B!0$**Z"T!805IWCR3G6J"3-CL:2[FRA9_5EPN*^XC'YU:6YMA#'C+94$N
M)WLK;#>!UXP"/30293I:0`@;SJSNH3UG^`YUU&9##01DJ5S4H\U$\S3,5)><
M,M8(R,-)(U2GK[SS]52Z!55WJ='BQGG)"RB,RG??4`2<="!UDG3'\:G27N$@
M;HWG%'=0GK-9%X1]J51&VX]M0J;*\8X$%E&29DTZ%1'[#?JSW"@I=OH\N\M!
M-TND"V0Y+B7+@7Y`02TD^3&1T[HYD]))JWL-ZMM^=<>MT^/):@-IB(1%84VR
MRCF$I)\[D->RKS8[P4;.VRWL2-H8#%ZOJ_C)4N8.+E9U(2%:`#D-*3Z6OAJZ
M-QV4,L-OHCMH;2$I"4H3R`[5*H*[P?M&;X4]I9YU3;K?&@I/:LEQ7N%/2)?#
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MF\'I\Y)/PF_C`2G&"E"<Z$#`ZCRJ9*V/VQVLE-P=HV8UAV<0L*E-L2P\[-`/
MF;P`"4]]![MK;)5ZL1M\1"'.))94Z@J"=YI*PI8&=,X%,WS:VXW?:J-:[';6
M[E=VT\,Q&7<,0FB05*>>`P5:#``\GM)UNKWL&[-EJ1'VVND2R<E0X[:=\)_9
M$@Z[O5G)';4^QS-B]BX/P59$1F"2-_A9?>>7T%93YQ[S0#LA6VT24\(.Q-X:
MEN@!Q<2Y,)9=P,`E1[.1P#BN8'@\O5_DMR=O);$&UI<XILT9\N&0KH4^\3E9
M]?HHB5MM)FS5PH,)TO(.%&0X&DI\H)U2G)YGEF@RY;77YYYQ"92(N%%)\51N
MDX./..5>V@V*4++\&BVO08[D`(#8C.-)#12.20E6A'8!0;(M&Q5F6)D78R`B
M0-4F/;`XI)[R`!0ML.7)6U#<R<XX\8[:WE*>45'0=M:;:T);LT5^0HI4M'$<
M7OD'*CGK[:`(N>W\\@HC6U;1Y!4I1(^X`![Z%)VT=[FA27;BZAL\VV#PD>I.
M*V1;#2WU,N))(1O#C!*PH<NK\Z@?`5JG)WU6Z$L'4?%ELD=>A-!B1YD])]9J
MSA;.7JX)WX\!Q+7]*]\4CUJQGT5K]LL5MM\IL1HC+*EJ5O*"4K4G`SE*R,BE
M?MHMFK*"N?<6>,D:#>+KGHYF@C>#V`Y;+&(;RT+<1*45%&<:ISIFB=ODG[,?
MBJBV.N;%XMRKE&"@P]*44;W,@(YU?-\D_9I]]!8#D*5>CD*5!#E^>O[,?BIH
MCXX?:+_#3LOSU_9_G7"OEQ]HK\-!#E:VZ6/[I^2J%F82Y"`EY<0@G02GW9'J
M;3NI'=15(_F,H?W,^Y51;4TE<=!*G,%(\E*BD>R@]M=HX*T_I4E"$X/#893&
M:/9A(WCZ35J]^DO>+<VDX+QZ^I/YGL[Z;==9@1@$!""HX0DG`*CUGVUU&?:;
M9"60[(/-2D(\XGF<G`H)XI*4$I*E$``9)-1M^8L>0RVU]HK)]0_C0GMKM9;M
MEPPB[RAO/I*T!:TLLZ$:$ZJ/<`30.[4W=3+);:>+,B0VI0=T_18X\YP]15R'
M_HT$^".SC:*\N[>RXW#@,),.Q1U)(X3(T4[CK5J/7V4/W&^)VQ@7&';[+?KZ
MY<!B1*@1^`U@'1"7'.20!@9'+.=2:U;P8Q]HX>S:8FT4%F$IE>Y$CMK2M3;`
M`W4K*0$Y&HTZ!0$ETN<.U,)?F.E"5JW$)2DJ4M6,[J0-2=#61R]J;':0MZ\W
M:)%DO.K?6SQ`M8*E$@83DY`P/16F;3VBP[103:[RT)#14%!"%J"P>PIU&F1W
M&AZ%;M@-D%$0K3:[>Y^VX$\0^D[RZ#.=D+E?E;)2-G]FK#.NML8>4LRMSQ14
ML.K4HH^,Z,GRE#'DCHS1`WLSX3KNV3)EV39QE?S6TF6^D=I.$40S_"%#0A9C
M-R9"4C.\RT$(QG`\I>O/304/7':^\R/$%MMQHS<P_%KU>6D;^X<[V@.>H4!9
MLALI;-F[=<H3]R?O+UP<XDMQ]`._Y.-T)2,)3ST[:#K[LKL>NX$WW::ZRX2%
M[Z;7)G!;7/0$-@K(':<]M1-IC/C7Z)!N-R=GM_%J6'%_%J!40<!.!C`H>NP:
M3=IK<=+:6@^M+:6QY.Z%$#`'90:(O;>%;K6RU:;:\F`R>`R&DICM#`SN@:JP
M!W54[1;1[0,"&Z'HD?QIKB)X""I:!IH5+SU\QI52Q8[S<[7$98L\I*F5K(?<
MPVV4*P?G8UR.?51(=CKM=TQ?A.Y,<.,T&FT1&BX0D=&]H/;UT%!M$VIN^P&I
MDR1)05)+AEN%6G$(U'(#`IF?+MS>U,23:F5NQ(Y:(:;'E>23D#'3U'NK0V-A
MK3':5(F,NREI3E3DUXJ.`/V4X'+MJ;$0AAPQX#:6@@#>CQ4)1N9Y;Z@/)[@2
M:#/-GK5M%'N;KUOB.1PM)'%E`)W4%0.5#.G+WT4V/9>%%5QD-(G2E$J,AT89
M02?FCFKT:=M$2HKO#0"AM]8.\&@=UI/;UD]JL^BF%W"*)*'"LMJ"%)=:)R<@
MZ)[\T"O4>)&MCKJDMIF*0(Z7$I"-_?('+UT^XZHMM-LM!UG=*2VDC>(P,$9T
M->NQ53K>8,Q0"G49!QDH4-1ZCBJ&)=515IC2EI3);7N/`\D8YD]_1WT%EXG*
M,9L*D*+BD;B6T$`%&<[I)U[,BI<=+Z);2G5-#>20EEH8"4CI)/,\A425,CR@
MVTAR-(005KWEJ3C'SBH<J<M_!C..\-IOC*4D%*7-\A(!.2?70"GA2G+:8M,)
MIUQLR7EJ5NJP2-!C3MH`FVV);@H(2V\\YD9*=$XYZ<]/;5OX7YZ4;2PFM_RX
MD9)0V-2M:B#CU"A9MVX/NKF2D+;2X2M2$X!ZP,GD,T&R^"='#V.AIQC#R_PT
M9I'+[-/OH/\`!2G&QD#KXBS^[1D/]B/?03QRI4J5!#F><K[(^\5P=7A]K_MK
MN;S5]DK\JY'RH^T'X:"*^/T.3_\`4/N54:SG]%:^J/=4MX?HKX_NJO\`=0Y$
MO]N@QD(D2XS:DI`(<?2D\NH9/LH#!*4G!*02.61RIX5GT[PB6ID$1G''U#H9
M9.#_`(EX]U#MP\(LY\8BPDM]2GG2O]U.Z*#8')##:@E;J0KH3G4^BJB\W"S(
M2@7-N,0V=]LRPE(!ZQO:Y[A6*S=I[[,!2Y<'&T'YC`#0_=P:\OB;>W&M18"O
M&UL!V2M2B<DXQJ3ST/+LH--D[=V_B(B6_B2GUG#;<5K()Z@I6![*I1M5>;M=
M3:68C<)].\5*DE3RDE(R?)&![*H72]+VN%TLT.5<8Z'$K2&VR1R\W.,`>RI=
MOV4VCD37YDJ3'B//I6EPJ5ON84,'"$<CCU4$!NY7>[0[PN9/>=$-@+0VTYPD
M9*]TG"0,X&N*@QUV].R<P.*C^/JE`H"P.(483J#SZ].1R>JCRU^#V*R#QWYK
MX6-U8WO%T$=1`RHBB>W[,6JW`*8B16`.:@V%*^^O)H,NBIN=RV98L\"R2'E#
M54GAX`^,*@-XZ$8/KJQA;&7>8U";ES(L9,1)#88R\X,J*M<:9R>NCZ??=F+:
MK$VZ1U.C3AJ=XBL]B1R]5#TKPEP3OM6:TRYJD?1W$_QH'HFP,%;G&G^-3G%:
ME4EWACGGS4:\R>FB2#8K?;$98:CQ4`?JFDI_>.3[:S5W;S::1)2IYEF#"5D%
M*$G?!Z/*.E#LAX79+RI=YE/2`>3S_DYSRW.6/70:]/VFV3M:U>,7%AQ\:E*5
M%U?YT+SO"M'4K@66SOR7BK=0'U<('M[JSMJ0J,51A%2M2=5[J=[T]U(R(#^4
M+1PSU=7H/\:`AONV.V<F(M:942*R1A2(B`LI!'6KGZ*O]F[X)L6!M`D9.D.X
MH_94-$KH"#3J4!,65E)UW2?9@_D:D[+3/@G:!V++;"+9=<,O`Y&XH^:K7M/N
MH-BN;;*WVE+9>6"GR5L`E2#Z.L>ZNDQW/$<$KXP25J+B==[F#ITTS975+BNP
MI8R[&5PEDZ[P&J5>D8KVX3C#>P6N)EO(3G!!SIGLQF@;BO`N>,;_`!C@E;^-
MUM",>:D=.O\`_:'MH6D.K:NT4*4A:N"^-Y(.>:5$ZC/1ZJFK#DITNN@)25X5
MTIST`#FH]@ZZM/@MJ3"DQYJ'`U):4WN$[RD@])^EH,=6*`5CRHJ4J2\Z0EL^
M6-]L@'UBI-GVALGC*HZ)2&1O!.\\L)SG3(`TQJ<FL0O$FYV&^SK3.0%2(SNZ
M58T6.:5`=1&#7,:>Y-D>6H$DZC%!H^UMK?DWN];31U19K;90`TP[Q%I:`QO>
M3RUSI0TB>Y*C*7"83P]?+&`!Z34NR3+W$GH<MS:?&`CAI:X14%)/04].:L]H
MK=8D1G';W#:MMS6C>\7MT@J4M76I')/K-!H7@O"OY'6\J\[*R<?5%&'_`!10
MAX+DE&Q%J!YA"L_=%%PY^A'NH)]*E2H(<[G_`)2_RK@>>/M$_AKN=YP^R<]P
MIH'RA]=OW4#:]6'?_K+_`#KYVNV$WF=R&7C7T6H?$K[6%CVFANSVNW):3*<9
MB-N+`4IPLHWB<<RI6:#'X-JN<X@0[=*?[4-*(]>,410MA;T^1XRJ-#'4XYOJ
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M!;6XK5E70K/2/901&8\:W1B\4`NK&BCS/;WGHJPLTA_Q+$9H!2W%*<7J<]`&
M.@`=O34:?$W%K<GR6CPQG<:5E*NH@\B.@8KV$7S#T6S&C;RM5+T!Z0!U_G06
M3X`9)E2=[>)WD#4:'U#VU7J0W,0M4>"AX-Z%2\'T`G3T"N2[!X*24O2WMXYW
ME;K8UY5PPY*3';9;4VTTC.2.DDZDDZ9Z*"DF,7&*\9#/%;3YNZ5'0=6?RIZ-
M=52D`2&6I&/.#B=QP>FK)1B-;Q>DETDY.N=>\_D*KISL>2I*([02Z=$.CGZ2
M>8H'FC%*,>,.Q7<G"5)WD=@IU`FRD/,M@.LI)'%WMU&>L$]/=31AN-9:N$M"
ME)YIBMD9':5:>H&I7P6U'D)91'*Y&\!P5OJ44DC.H&$]_50:%LQ=E3K<S+D$
MB1&(AW`!6"4_,<R/?VT226UNR%H<0IU02E+:QH5X).21T8(S_P"ZRN&+M:N.
MN);V8_C`X;I2@?&#*M#D]BM:MY.T>TEKEN(5PEX"6@LM><-0`,'K!'HH#^&V
M%+:=;;7HI)6\XC<',>0VGH';5TM24@J6,`=)Y>FLPD;7WEEU$:0Q%=>CN`*9
M9WMX*`Y'KQV=-*5MX^_!?BJM[L5;B-P/,.E*VSUC(H&O"P+&Q,BRWTQ9%S2`
MRM@C+A1S"E=0!Z^@T%6&TV>9<1*N3<D1L$K3$<2@YZ#KR'=5@[#AS&/&&XLL
MD+.^]NI4M9`R<G.2<:U"1$A+4`VY,`QT!*<].ISCUT!1>[S8]F(K,JV+D";/
MC*$%QY96E"<X4HZ:*'+G03;YEO3$=>?=5,G/)4IPK!7CL[SUU>RGO'+.Q`7;
MWWFXI4XV^KR5-@C*AE(\WI(H?NS46-$$=F"6'$#BK4RP>D>2DG!WC@Y.N-10
M;OX.4[NQML`&/BE''H%$X\X]Z/=0[L`,;(VS//@J/L%$2?//UD^Z@GTJ5*@A
MSO/3]FY[A3`YCZS5/S?E&_J+]U1P>7>S0=\VR/\`Q+'MJFM\*))@L"3&:>^+
M`^,3G3'*KI&HQ]%8_>JLBIE<!MF+&4HH2`7%G=1G'0>GT4$<[);)J.5;.6O/
M6(R0?=7"MC]D%<[!!]#>*G_!UX<5Y<N,RGZ"%+/MQ2-BEK.7;W)`ZFFT)_(T
M%?\`R.V12,_`L5`ZP,?G3#FR^QF<?!C*CU-E1]QQ5FK9=I:PIRZ3E$?23^:3
M3O\`)F*<%4R:LCEO.`X]E`,IV0V+2L^+[/,)<4<^>K)/7A)/Y5RYL=LJ`79%
MJAL;AWB7'-P#OU)]U%?\GFL`?"5PP,\G4C_;4=O9*`VXIU,N?Q%><HO`D^L4
M`D-FMB%'B,6<RU).3XJTI*/OK('MIEZR[-N%+,6SPDKZ$!QR2L=F&_)'I51D
M[LA;'W>-(>EO.#DIUP+QW`C`I\;-LA.[\)7'=_9#H2!Z`D4`4C8^U+;`?LS>
M$ZH$UU+24]R$%2O6:[;V)V;RER3&94!\QALH1]YQ63Z*+T;+Q49W9\\9ZG$C
MW)IQ&SD9O5$V8DGI"DY_#0#/\D-FEX+%F1N]84LX]9`]]=_R#V<6?C+>S]93
MBE$=P!`%$WP"C^L9WWT_\:7P"C^LIWWT_P#&@'$>#S8Q)RJUI6O]HK/\:<5L
M#L>L@JMF2`4CXU6@/,<ZOO@%/]93OOI_XTC84_UE.^\G_C09)M)!@&6+'LQ:
M5K9C>07$[RR#^RE1Y`5/B[.;4R'US/%845]U("UN8).,:XUP3@$]M:2UL\TT
MG<:GS$)ZDE`'X:[^`A_6<W[R?^-``C9':<[RE7>%E1!(*,C0@CHZ"!42?L3M
M$Z4%,F(H(45IPX0=XJWB<XZR>ZM)^`O_`).;ZT_\:X58%*/_`%>>!U)*!_MH
M,T-AVJB2'9@MD-QYQ?$4Z%:[W//,8UUQUU#D)VF,9QHVI20-`XVK.YH!@:D<
M@!Z*U)6S"%+"S=)I(Y$E!/K*:]7LXH^4W=)"7.A:T)61ZQ09!"1<H:(2D6*0
MXY&4MQ&\DE"UJP,D`:X`QC-/M3[L'E,_!CJ%.$C&N\A)TPE.G($Z&M/<V7F.
M)(<VBG.Y^:XD!'J1NU'9V1F1LEB[X!YH;9#(/>4>4?70`4Z#?Y'$WHPA1G4G
M>$QP)`)Y[H)SCT$Y)J59MD]U*7WC+EC&04*,=A/>I>I]`HU9L=UAJ+D9FV\4
M\UHW@L_XE!1J3P9(4E5P:>24_K$^6/O:D>H4#NS[7`L[+6$#=#OF*)3S'(G4
MU9I^4/UT_AJ/%;#<3=&HPX1KGI%2$?*G[0?AH)]*E2H.'&FW<<1"58Y9%-^*
M1OZ!'JI4J#WQ6./U*/53P`&@I4J!4J5*@5*E2H%2I4J!4J5*@5*E2H%2I4J!
M4J5*@5*E2H%2I4J!4J5*@5*E2H%2I4J!A49E6<HZ^2B.=(16`=X(.<Y\X\_7
)2I4#]*E2H/_9
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>16
<FILENAME>g903121.jpg
<DESCRIPTION>G903121.JPG
<TEXT>
begin 644 g903121.jpg
M_]C_X``02D9)1@`!`0$!K@&N``#__@`U35),3%]'4D%02$E#4SI;5$]/5%-)
M15]23TQ,74U%3%9)3E]*7T=/4D1/3E]324<N15!3_]L`0P`'!08&!@4'!@8&
M"`@'"0L2#`L*"@L7$!$-$AL7'!P:%QH9'2$J)!T?*"`9&B4R)2@L+2\P+QTC
M-#@T+C<J+B\N_\``"P@`+`"=`0$1`/_$`!L```,``P$!```````````````%
M!@$$!P,(_\0`-Q```@$#`P($!`,&!P$``````0(#!`41``82(3$'$T%1%"(R
M815QD2-"4F*!@A87)#-RDJ&Q_]H`"`$!```_`/H^1TBC:21U1%!9F8X``[DG
M40^ZKW?I^&Q[;255%&Q$EUN$C1TSD=UB"@M)_P`A\H]SI_MR]_B\=7#44K4=
MQH9O(JZ9FY<&P"&5L#DC`@JV!D>@((TZT:5;EO"6.T37`T[U,H9(X:>/ZII7
M8*B#VRS`9].I]-9V[<I;M:8ZRHI#25'.2*:#S.8CD1V1@&`'(94X..HTTT:F
MKUN*OH+XENH[!47"&.F%3530S('B0LRCC&>LA^5C@8[=,DXT]M];37&B@KJ.
M42T\Z!XW'J#_`/#]O36QI;N*ZPV.QUUVG4NE+"TG!1U<CLH^Y.`/STH\/+I>
M[MMWS]Q00072*JG@F2#Z`4D*X'4YQC&?MJIT:-&C1J=W)MQMQ55-!<*Y_P`$
MB'.:WQCB*M\]!*V>L8_@'0GOD=-4$<:11K'&BHB@*JJ,``=@!KE>]+M=K=XE
M4UHV["AN=^M:PB9@"M+Y<K$S./WN*.^![@#6W55UPV%7TEICJ[GN!KQ$XH(J
MR;S)36*1D&3`XQLK<CGHO!L=\:J=DW>XWBT327>GIX;A2U<]).*8L86:-RO)
M"W7B?O\`?2W?E3!'<MNK4*7BI9Y[G(H."4@@?!_[R1_J/OIQLR@J+;MBW4M7
MS^*,9EG#L21+(Q=QD]>C,1IYHU.WX+:[G3;D9^--'&::N]EA9@5D_L;OZ!68
MGMKRL7^AW->K:CK\+4+'<:=`>QD+++CKVY(&_.0^^J?43XNS/2;&K+BL/Q"T
M$]-6/`7XB58IT<J3Z?3J6MV_K38=GVBW6VLCO>Y+E@QPTS&1&JYW+L'D`XJ`
M[MD$\L#MJ\V/M^JV]9V@N-TFN=RJ9FJ:NJD)P\C8SQ!/RJ```![:H]1MUO=Y
MEWA26JT&FCHJ:6):YYHRS3-(K-Y28^DK&A<D^ZCWU9:-&C1KG]A<77Q9W16M
M%\MHHJ:VQ2$#JS\II,?J@_IK>N5/4U?B=99&C/P=NME3.&X]Y9'2,#/OQ#?K
MKGDU^O5!X?;.H]NS+3WK<-V9GYJ/,57FDDD)7/H<!C[9'3.F^_@][\3K)9%N
M4%/;J.VS5=V.5Y"G\V-BK$_2&,:9_ESZ:L%\0=I262FO"W<"EJQ*8`L3M+((
MV(=EC`+$#B3G&,8SIG8:RCBM=JIY+[\?-50>;!-4LB352$<N04`9P&'8=.F=
M.(98IDYPR)(F2.2,",_TUF1$D1DD4,C##*PR"/8ZXG2W.JV_XM_@MIBEW!2P
MVPT\4%(PYVY6G#!)F)QQ7&`3\P4@8/<]NUSZ[5M%O;<M)MRWU<%7:+:Z5UV>
M&0.CL"?(@R,@Y92[#V0#UUZWQ[?+OVS4D[T]/262DFNTS.P1$=SY,9/8#O*<
MGV&LR>*&UY(:V:T&OO24*EJIK=2M(D*@$\B[<5Q@'L3G!TVO&\K+:-GINROD
MDBM\D"31J5_:/S4%$"_Q'/;_`-QKG_A#=ZG<27O?%W6.AM:5M3+`KMVY*@9V
M;M\D:*@(]WU>4&_-L5]+'74U?(U!)*85K6II4I^8.,&0J%'7IDD#/3.=.[==
M;;<WJTM];#4M23&"<1-R\N0`$J?OU&D^VJTW"_[EJ8G+4<-1'1QMGH9(T_:8
M_)FXY]U/MJFT:0;9VY#8:F]U2U#3S76O>MD=EQQR`%0=>R@:?ZF:S8NU:HU,
MK6>"*IGD\WXJ',<\;YSR20?,ASU^4CJ2?4ZU/\NMJGX<O0R22QN7FFDG=I*O
M."5G<G,JDJIXL2/E'ITTPH]I6:ANEUNE'"\53<HRDWSDHN?J*IV4L>IQW/74
M[;/"NP0;7ALERDEN=2IB+W"I'*8B-@512V>$8`XA`<8)]23JHMEK>VWNL-'3
MT]/:9J>(B.(<?VX9PQXCH!P\L??&M:^3UMSN(V];9GID\OS*^LC?#PQG(5(_
M:1\'YOW5!(ZXUH;=LEIM>\;C':[?34L5+;*:$>2N&8M)*QYG]X_*IR>O4Y[Z
M;;LO,UHM\:4,"U%UK9134,#9P\I!.6QV10"S'V4_;4-;_!>RT+PUE%?K[;[H
M1RJ:N@JA#\0Y.22G$@#).%'3'OIK9/"^RTURN-TO\\FY*^J;BE1=$61HHL8"
M`?3G^8`?8#3/:>P[-MJPU=FB:>LBJT,4\E4V7>/B56/(QA0I(`'N3W.IK<OA
M;67ZMM0J]UU53;:.)XC35=/')Q!'$.G$*OF!>G)U;!ZZ]+MX9RQ;5_P]8+S5
M+;894EBM=2ZB"5?,#O%)($,A1OF]\$]<CIJE?:[5FT+C8JRH2*6Y^<U2\*!E
M0RL2RH&]`#Q!/MGOK1DV&:2J=-M7F6P6NIBCCJZ6B@7DW`<5:-S_`+;%>A;!
M)P#T(SJMM=OH[5006^@@6&E@7BB`DX]223U))R23U)))UMZ-&C1HT:-&DM@C
M1$N==(5$U16S&1B>P1O+4?D%0?J??6OM`K60U]\5`%NE29HFQU:%5$<9_(JG
M+^[3V2FIY*B*ID@C:>$,(Y&4%D#8S@^F<#/Y:]=&C1HT:-&C1HT:-&C1HTJN
M-DHK@LD509?AI6Y3TZ/Q2<]/KQU(Z`$9P1T(.FBJJJ%4`*!@`>FLZ-&C1HT:
$-&O_V3\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>17
<FILENAME>g405245.jpg
<DESCRIPTION>G405245.JPG
<TEXT>
begin 644 g405245.jpg
M_]C_X``02D9)1@`!`0$",@(R``#__@`T35),3%]'4D%02$E#4SI;5$]/5%-)
M15]23TQ,745,3$5.7U)?1T]21$].7U-)1RY%4%/_VP!#``<%!@8&!0<&!@8(
M"`<)"Q(,"PH*"Q<0$0T2&Q<<'!H7&AD=(2HD'1\H(!D:)3(E*"PM+S`O'2,T
M.#0N-RHN+R[_P``+"``=`,\!`1$`_\0`'``!``(#`0$!``````````````4&
M`0,$`@<(_\0`,A```@$$`0,!!@4#!0```````0(#``0%$082(3$3!Q0B,D%1
M%18C88$D<9%3<J&BL?_:``@!`0``/P#]"9C*8_"X^;)92ZCMK2'77(_@;.@`
M!W))(``[DFHW#\IQV3O%L?1OK*\>,RQ07UJ\#2Q@@%EZAHZV-CR-C8%3]"0/
M)I2E*4KGNKVSM.GWN[@@ZO'JR!-_Y-;U96^5@?[&LTK7<3PVT+SW$J11(-L[
ML%51]R3XJ,L.28+(77NEGE;:6X)(6,/HR:`)Z=_,-$'8V*EZ4I2E*4I5#]HU
MQE)[S!XOCUDE]E(;Q,C)!+)Z<0@CV-NWTVS+T]B=C>NQJR8@3Y6QL,CFL)^'
M9&%V=;=YEE:!M,NPZ=CM2?\`-5;EDOXCR6>VGDDCL,%8K?`QR-&S7DC,L/=?
M.@K=OJ7'FO/M,L[_`##87%0W<EDBB?(RS1.%Z7@0&/9)^7U'4G_;]/-7ZUE]
M:VAF_P!1%;MW\C=;:5@LJ@LQ``\DFL@@C8.Q7-?V@O;<P-//"I(+&"0QL1]N
MH=Q_&C5>LI\5!S.YX\F*A29,>E\ER5#-(&D='!)[]BJGR?F[_OGD5V,9G>.M
M9MJXR-\;:6%3H31^D[,Q'U*="Z/T&Q]=5:12J79V<7)^47V1ORTUAA[CW2SM
M'V(_74`R3,OAF!8*I/RZ8ZV=U:,GCK3)VIMKJ/J7?4C`Z:-AX=3Y5A]".XK?
M--#:P--<SI'$@^*21@H'[DGM6;>>"YB6:WF26)OE>-@RG^Q':L&X@$_NYFC$
MQ7J]/J'5K>MZ\ZW6VH[-Y:TPV)OLG=./2M(6E=01U'0[`;^I/8?N:B>`7F<O
M<')-R.(0Y/WN<20*RL(5ZR40$=CI2!NK/NE*5`9K&Y$92US>&:W-W%&8)[><
ME4N8B=@=8!*LK;(.B.[#7?8X4SG+VF$/Y)Z-@?JOE(O3'?\`8%O^OTJDW6'S
M>(]HTG*N36=QDL3?"/HM\1'+.EG/'H1/+%\S@+U:8`Z8[T.QK1SJ?D/(LWC\
MCA\-G;?CULKV>3G]W].>XMY'1G$4+$2:U&`6"AM$Z!KHYQSO$338>WL+7-9/
M#Q^I/D8,9:RH0BKJ-7)"D+U$;78\=_L97@N8Y1G.*V5C#C<CBYE1EER&3C[Q
M)UGH5%;XI7],CXR.G8V>H]JF<IC>3XRXL(N-Y.6>*[F,-VV3)N1;)IF]9?!W
ML=/23T]U[#5<U]'D^-7WJWGXUR3#W\!BNH_22X:&4'LWI`#2,I*D*-`@$^2:
MD>$VF3MILL\MI+88::5),?8SL#+!M?U.RDA$+:*ILZ[^.P%LJH9:QR,/M$P.
M8L[9Y[.6SN+&]8:U"-K)&_?Z=2E?Y%0MQ@\3[/\`-CE$,<QP\B>[W*R2-*,<
M&;8ECWLK&2=.!XVI\`BOH=I<VUY;175I<17%O*H>.6)PZ.I\$$=B/WK=7SG+
MS9?BDV>2&&Y7&Y.1KNWRMO;>]^X3,H#B6%?B9-KU!@#\VCXW3$YK`&!(KCE>
M8RN29=F2&*="Q[D]$,:A0._C1[#N3JHW*P9D9?#Y;EF%NLU@UL'A>UAMA.T%
MRTO:66W4D,3'H;4-TGJ\`[KD7BUHV4LYO9PN;X],USUWDK02PVBQ:^(>A,`&
M8]ND*NO))`%6'DO&&QO&LY?V5G<9WD-VBA[B0(;@C87]/72$Z%+,JKKN/N=U
MGE7)\C>\6N(N*8G.RY24QQ`/820/$K$=;=4H4;"]0!!.F(JO\IL3G>.+AN.<
M$RMOD0T4L%U?1I"L#(ZL#)(SDR>.X^+?_-1>4R/M%M/9_E,'^3LLW(KMIY9[
MZVEC:!1)(26C*MU;Z3H)K8[>:\\+P.0DRW'(<%G>:ICHD>3,ID/4@1)`N@B]
M8'Q%^Q5>H:![CZWE+;F"<[DQ5OE[L<<%FET]U/`CR"4R,/1C<KK6@"=AB!KQ
MNI.;)18CDMMC,CF&]VN[263^NZ%620.@TC:`WTEB4^VB`.]2%E=V`RPM;#)1
MS=:,9+9)/4]/I.NH:WT=]@@G1/CN#4W2E*:I2E*4K#JKJ58`J1H@C8(KQ!##
M;0QP6\210QJ%2-%"JH'@`#P*V4IJE*4U30^U-#[4I6N>"&X0)/$DB@[TZAAO
2^:10PPJ5AB2,'OI%`_\`*__9
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>18
<FILENAME>g103910.jpg
<DESCRIPTION>G103910.JPG
<TEXT>
begin 644 g103910.jpg
M_]C_X``02D9)1@`!`0$!K@&N``#__@`]1$E32S$R-#I;,#9#2$DT+C`V0TA)
M,3(R-"Y/5510551=,3(R-%]304Q%4U]%05).7T-(05)44RY%4%/_VP!#``<%
M!@8&!0<&!@8("`<)"Q(,"PH*"Q<0$0T2&Q<<'!H7&AD=(2HD'1\H(!D:)3(E
M*"PM+S`O'2,T.#0N-RHN+R[_P``+"`*?`*P!`1$`_\0`'0`!`0`"`P$!`0``
M``````````@&!P,$!0D"`?_$`$L0``$"`P,*`@<&!`4"!`<```$``@,$!08'
M$0@2(3$V-W-TLK,3=2(R-4%1L<,41F%Q@X065H&4%1<CD=(S4B9"DM$8)$-4
M8G+P_]H`"`$!```_`,A9;&T,I8"H1*A/Q/M4W"C3-+G0`#Z$<M?!/Q<T`.'Q
M:3_VE>U9^9J54M!5?M46U41D&MS$O#B2L:&V4APV/&:UP)SL`-!T+T[-R,Z;
M=5R3C6AK,>5IC92)!@Q9D%KC$8\N#O1TC%HT+AMC,5>6J]4F(T[6H%,ARL,2
MTS20R,R3B`$O?'@CTW?^4ZB"W'5K70M5;MDC:.0=!KTLR2IL*6C3D)N`$\V.
M<#FC2<&0_P#5&!_\P6<6>G)B9JMI84:,Y\.6J+(4%IU,89:"[`?ABYQ_JL&L
M'-U2IP)>H3DQ:9T8QIEQF8L:&)`YD2(&AP!SLW!H&K6%WK'SE2@5>CR=:J-:
M@5&/+Q!,09YK(TM/1,W.+H$5GHMPP)#=!+-8T8C9:(B(B(B(B+4U;F;%"Q59
MH,Y3YV/(T6H-EV0&N!C1HY?XC3"./_<YPQ.&AKL="_3XE%DJI.Q92?KT#QIN
M)-1(<M/L$!T0F*YWY`F#I'_YM^)642M9LC)U:J52'4V";FC`A1]+G!Q8YT-@
M8`/2](N;Z..G0NC.2EC[0U7.EZU-0YBK0&,C0Y*:?#9-L#79H?@,`[-:\:VN
MS0?<-'+,S=B[/2%<ID2*TPGLC1IN7:'/+@(0SH8T88B&&@,QQ#0/<O.,G0*)
M)258G:]6*29J#"F'RS9QSLX0H3`2]H:2<&,8'.T#XX8KITW^%9"1\65K58\.
M'"?-FCNFL6.+L'N@EI&:3C%`+<[1G:5WK.LLA)SE/C"ISV?*>+#D):=FGQ(<
MJT>(W%ON&+(;\W.).8#A[UE=.M79^I3$M+R52AQ8LP,80#7#.Q:7#21AB6@N
M`UD:1HTKW$1$1$1%BQMG3V3E<EXLM,-;20/$<,USHCO<UK`<[$GU<1@[6"N!
MUO*4U\=O@3&,*%#B$ET,`9_A8!V+O0'^LWTG8-.#L"<%DM+GH52ILK4(+(C(
M4S";%8V(,'`$8C%8A+7<TV#X#HM0G8[X<.&USHA;_J/;&,5T0@#UW8EI/_:2
M!AB5SP;`TZ&(0=.S<0,S`0XM](-\'7@/?X.G_P#=RY:=8N!*35-F8]2F)IU.
M8V'+->QC6L8UK@T8-`Q.+L2?>6MU)1K%P:55Y6H0JC'<V6@""UGAM8Z(,S-_
MU'-`+QCBX`ZG.)QPP`_DS8J7FGQVQZE-&5?'BS#(#6L:&OBNQ>20,7:,YHQU
M!YUG`CMVBLNVLS,28;4YF4,:2?(QA":UV=">X..&<#FG1AB/<?P!'3-B)9SX
M;7U"8,M`COCR\N&,#89=%$5V.`Q=I&:"=32?><5YL2[24B/`?5IET)L/PV`P
MV%[6F`8)`<=0P+G#`#2XXXZ,/>E[+PX-J#7FSL1H#2&P(<-K,06!H:]S<"]K
M0,6AVHDZ=0&2(B(B(B_CW-8TN>X-:!B23@`%B3[/68CU.>J$Y,0YM\T,`R8F
M`]L''ULS$XC'`'\/=@OQ#LS92%X?@S'A"%@8`9.8""[%ASFC'028;,?R_$KW
M:::139"7D)29@-EX#`Q@,8..`^))TE>HB(B(B(B(B(B+&[QMW]I_*YGM.4`(
MN6%ZI_-?1Y$1$1$1$1$1$6-WC;O[3^5S/:<H`1<L+U3^:^CR(B(B(B(B(B(L
M;O&W?VG\KF>TY0`BY87JG\U]'D1$1$1$1$1>-_$M&\>I073@8:<QT29>]CFL
M8UOK8.(P.'OP)P*_!M500XM^W8D!I`$)YSR2T!K<&^D[&(P9HQ(+AB-*]:4F
M8$Y+0IJ6BMBP(K0]CVG0X'WKP;QMW]I_*YGM.4`(N6%ZI_-?1Y$1$1$1$1$6
M%1;#LF:O5YZ:J,009XAS84NWPO2&&!B8:(A:1Z)(Q^.*Y8-CG0V,#JK$C1('
M@_98T6%G/@^%FYK?6PS3FZ0`"<<2=`PR*BTZ'2:5*TZ%$?$9+PPP/?AB[XDX
M?BO)O&W?VG\KF>TY0`BY87JG\U]'D1>+_%%G\)@FK2P^SQ/"B8NPP=@3_48`
MG$:-!TZ"OW$M'0H<*-%?5I40X+PQ[O$&`=IT?CZKM7_:?@5ZK'LB,:]C@YC@
M"US3B"/BOTL=_B^B8S>$68(EHIA.+9:(X/(!+BS`>D`&NQ(U8?EC^_XLH9Q$
M.9B13B0SPH#W^+AZV9@/3P]^&KWKVI68@S<M!FI>((D",QL2&\:G-(Q!_P!B
MN58^^UE'9-S<IGS#HLL_PW9DL]X>_`DM:0#G$8''#5@5^F6LH<3$PIMT4'#,
M,."]WBDEHP9@/2(+VX@:L=.&E>M(3DM4)*!.RD41)>.P/AO`(Q!_`ZEX]O8\
M>5L/:*9EHT2#'A4V8?#B0W%KF.$-Q!!&H@J(/XZMK_-U<_OXO_)/XZMK_-U<
M_OXO_);WR8:_7*U/VB;5ZQ/S[84*`88FIA\4,)<_'#.)PU!;DO&W?VG\KF>T
MY0`BY87JG\U]'D0K7T"Q-2;#J\!U6EH<O.Q7YL*'!?FM8YI!<!GC,<<=(80T
MX:0<='*VP\:$Z,9>IPV,?A"$/PW`>#G1'%@(?BPDQ-)9FZ`0`,=&;RT)L&7A
M06-8QL-@:&PQ@T`##`#W!<JPD6&!F*U%B56(65.(3$A"7AYCV$8$1&D8/=\'
M8`C`:]./,ZQ$H(\Q&ASL4.BPS!S8D)D1IANPSVO!&#\XM!).G$8Z=..42$JR
M2D9:3A.>Z'`A-A-<\XN(:``2?>="["PR-8KQJQ5JDZJ/`GP&N@B7AEKV$8%L
M4$81!_VXC$?$KEA6*EH$P^8EYZ.V)X(@LSV,>,TB&'AX(P?G"&T''3KTZL,B
MI$A"I5+E*=`>]\*6A-A,+SIP`T?_`,%X]XV[^T_E<SVG*`$5$9)?M"TW!E^I
MZWO>-N_M/Y7,]IR@!%RPO5/YKZ/(L+O>J4_1[N:[4J9-1):<@0F&'&AG!S28
MC1H_H2I'-ZEX6.UE0_\`6/\`V3_-2\+^;*C_`.L?^RH3)PM+7;246M1Z[4X\
M]$@S3&0W1CB6@LQ("S>]F;FI&[FT,W)3,:6F84H70XL%Y8]AQ&D$:05&1MU;
M7$_^+JY_?Q?^2_G\=6U_FZN?W\7_`)*B,F&MUFM2-HGU>JSL^Z%%@"&9J.Z*
M6`M?CAG$X:@MGWF3,Q)W?VCFI2/%@3$*0C/AQ83BUS'!N@@C2"HI-NK:X[75
MS^_B_P#)?S^.K:_S=7/[^+_R5`9+]=K=:_B7_&*O/3_@_9O#^U3#HN9CXF.&
M<3AC@/\`9;;O&W?VG\KF>TY0`BHC)+]H6FX,OU/6][QMW]I_*YGM.4`(N6%Z
MI_-?1Y%K^_3=3:/@L[K%#AUE%4F2?L_7^<A]"V1?+NPM+R;OF%"9UE%3>27[
M/M/QI?I>MM7K;MK4>6QNDJ"CK**D<DC[U?M?JK=UXV[^T_E<SVG*`$5$9)?M
M"TW!E^IZWO>-N_M/Y7,]IR@!%RPO5/YKZ/(M?WZ;J;1\%G=8H<.LHJDR3]GZ
M_P`Y#Z%LB^7=A:7DW?,*$SK**F\DOV?:?C2_2];:O6W;6H\MC=)4%'645(Y)
M'WJ_:_56[KQMW]I_*YGM.4`(J(R2_:%IN#+]3UO>\;=_:?RN9[3E`"+EA>J?
MS7T>1:_OTW4VCX+.ZQ0X=915)DG[/U_G(?0MD7R[L+2\F[YA0F=914WDE^S[
M3\:7Z7K;5ZV[:U'EL;I*@HZRBI')(^]7[7ZJW=>-N_M/Y7,]IR@!%1&27[0M
M-P9?J>M[WC;O[3^5S/:<H`1<L+U3^:^CR+7]^FZFT?!9W6*'#K**I,D_9^O\
MY#Z%LB^7=A:7DW?,*$SK**F\DOV?:?C2_2];:O6W;6H\MC=)4%'645(Y)'WJ
M_:_56[KQMW]I_*YGM.4`(J(R2_:%IN#+]3UO>\;=_:?RN9[3E`"+EA>J?S7T
M>1:_OTW4VCX+.ZQ0X=915)DG[/U_G(?0MD7R[L+2\F[YA0F=914WDE^S[3\:
M7Z7K;5ZV[:U'EL;I*@HZRBI')(^]7[7ZJW=>-N_M/Y7,]IR@!%1&27[0M-P9
M?J>M[WC;O[3^5S/:<H`1<L+U3^:^CR+7]^FZFT?!9W6*'#K**I,D_9^O\Y#Z
M%LB^7=A:7DW?,*$SK**F\DOV?:?C2_2];:O6W;6H\MC=)4%'645(Y)'WJ_:_
M56[KQMW]I_*YGM.4`(J(R2_:%IN#+]3UO>\;=_:?RN9[3E`"+EA>J?S7T>1:
M_OTW4VCX+.ZQ0X=915)DG[/U_G(?0MD7R[L+2\F[YA0F=914WDE^S[3\:7Z7
MK;5ZV[:U'EL;I*@HZRBI')(^]7[7ZJW=>-N_M/Y7,]IR@!%1&27[0M-P9?J>
MM[WC;O[3^5S/:<H`1<L+U3^:^CR+7]^FZFT?!9W6*'#K**I,D_9^O\Y#Z%LB
M^7=A:7DW?,*$SK**F\DOV?:?C2_2];:O6W;6H\MC=)4%'645(Y)'WJ_:_56[
MKQMW]I_*YGM.4`(J(R2_:%IN#+]3UO>\;=_:?RN9[3E`"+EA>J?S7T>1:_OT
MW4VCX+.ZQ0X=915)DG[/U_G(?0MD7R[L+2\F[YA0F=914WDE^S[3\:7Z7K;5
MZV[:U'EL;I*@HZRBI')(^]7[7ZJW=>-N_M/Y7,]IR@!%1&27[0M-P9?J>M[W
MC;O[3^5S/:<H`1<L+U3^:^CR+7]^FZFT?!9W6*'#K**I,D_9^O\`.0^A;(OE
MW86EY-WS"A,ZRBIO)+]GVGXTOTO6VKUMVUJ/+8W25!1UE%2.21]ZOVOU5NZ\
M;=_:?RN9[3E`"*B,DOVA:;@R_4];WO&W?VG\KF>TY0`BY87JG\U]'D6O[]-U
M-H^"SNL4.'64529)^S]?YR'T+9%\N["TO)N^84)G645-Y)?L^T_&E^EZVU>M
MNVM1Y;&Z2H*.LHJ1R2/O5^U^JMW7C;O[3^5S/:<H`141DE^T+3<&7ZGK>]XV
M[^T_E<SVG*`$7+"]4_FOH\BU_?INIM'P6=UBAPZRBJ3)/V?K_.0^A;(OEW86
MEY-WS"A,ZRBIO)+]GVGXTOTO6VKUMVUJ/+8W25!1UE%2.21]ZOVOU5NZ\;=_
M:?RN9[3E`"*B,DOVA:;@R_4];WO&W?VG\KF>TY0`BY87JG\U]'D6O[]-U-H^
M"SNL4.'64529)^S]?YR'T+9%\N["TO)N^84)G645-Y)?L^T_&E^EZVU>MNVM
M1Y;&Z2H*.LHJ1R2/O5^U^JMW7C;O[3^5S/:<H`141DE^T+3<&7ZGK>]XV[^T
M_E<SVG*`$7+"]4_FOH\BU_?INIM'P6=UBAPZRBJ3)/V?K_.0^A;(OEW86EY-
MWS"A,ZRBIO)+]GVGXTOTO6VKUMVUJ/+8W25!1UE%2.21]ZOVOU5NZ\;=_:?R
MN9[3E`"*B,DOVA:;@R_4];WO&W?VG\KF>TY0`BY87JG\U]'D6O[]-U-H^"SN
ML4.'64529)^S]?YR'T+9%\N["TO)N^84)G645-Y)?L^T_&E^EZVU>MNVM1Y;
M&Z2H*.LHJ1R2/O5^U^JMW7C;O[3^5S/:<H`141DE^T+3<&7ZGK>]XV[^T_E<
MSVG*`$7+"]4_FOH\BU_?INIM'P6=UBAPZRBJ3)/V?K_.0^A;(OEW86EY-WS"
MA,ZRBIO)+]GVGXTOTO6VKUMVUJ/+8W25!1UE%2.21]ZOVOU5NZ\;=_:?RN9[
M3E`"*B,DOVA:;@R_4];WO&W?VG\KF>TY0`BY87JG\U]'D6O[]-U-H^"SNL4.
M'64529)^S]?YR'T+9%\N["TO)N^84)G645-Y)?L^T_&E^EZVU>MNVM1Y;&Z2
MH*.LHJ1R2/O5^U^JMW7C;O[3^5S/:<H`141DE^T+3<&7ZGK>]XV[^T_E<SVG
M*`$7+"]4_FOH\BU_?INIM'P6=UBAPZRBJ3)/V?K_`#D/H6R+Y=V%I>3=\PH3
M.LHJ;R2_9]I^-+]+UMJ];=M:CRV-TE04=914CDD?>K]K]5;NO&W?VG\KF>TY
M0`BHC)+]H6FX,OU/6][QMW]I_*YGM.4`(N6%ZI_-?1Y%K^_3=3:/@L[K%#AU
ME%4F2?L_7^<A]"V1?+NPM+R;OF%"9UE%3>27[/M/QI?I>MM7K;MK4>6QNDJ"
MCK**D<DC[U?M?JK=UXV[^T_E<SVG*`$5$9)?M"TW!E^IZWO>-N_M/Y7,]IR@
M!%RPO5/YKZ/(M?WZ;J;1\%G=8H<.LHJDR3]GZ_SD/H6R+Y=V%I>3=\PH3.LH
MJ;R2_9]I^-+]+UMJ];=M:CRV-TE04=914CDD?>K]K]5;NO&W?VG\KF>TY0`B
MHC)+]H6FX,OU/6][QMW]I_*YGM.4`(N6%ZI_-?1Y%K^_3=3:/@L[K%#AUE%4
MF2?L_7^<A]"V1?+NPM+R;OF%"9UE%3>27[/M/QI?I>MM7K;MK4>6QNDJ"CK*
M*D<DC[U?M?JK=UXV[^T_E<SVG*`$5$9)?M"TW!E^IZWO>-N_M/Y7,]IR@!%R
MPO5/YKZ/(M?WZ;J;1\%G=8H<.LHJDR3]GZ_SD/H6R+Y=V%I>3=\PH3.LHJ;R
M2_9]I^-+]+UMJ];=M:CRV-TE04=914CDD?>K]K]5;NO&W?VG\KF>TY0`BHC)
M+]H6FX,OU/6][QMW]I_*YGM.4`(N6%ZI_-?1Y%K^_3=3:/@L[K%#AUE%4F2?
ML_7^<A]"V1?+NPM+R;OF%"9UE%3>27[/M/QI?I>MM7K;MK4>6QNDJ"CK**D<
MDC[U?M?JK=UXV[^T_E<SVG*`$5$9)?M"TW!E^IZWO>-N_M/Y7,]IR@!%RPO5
M/YKZ/(M?WZ;J;1\%G=8H<.LHJDR3]GZ_SD/H6R+Y=V%I>3=\PH3.LHJ;R2_9
M]I^-+]+UMJ];=M:CRV-TE04=914CDD?>K]K]5;NO&W?VG\KF>TY0`BHC)+]H
M6FX,OU/6][QMW]I_*YGM.4`(N6%ZI_-?1Y%K^_3=3:/@L[K%#AUE%4F2?L_7
M^<A]"V1?+NPM+R;OF%"9UE%3>27[/M/QI?I>MM7K;MK4>6QNDJ"CK**D<DC[
MU?M?JK=UXV[^T_E<SVG*`$5$9)?M"TW!E^IZWO>-N_M/Y7,]IR@!%RPO5/YK
MZ/(M?WZ;J;1\%G=8H<.LHJDR3]GZ_P`Y#Z%LB^7=A:7DW?,*$SK**F\DOV?:
M?C2_2];:O6W;6H\MC=)4%'645(Y)'WJ_:_56[KQMW]I_*YGM.4`(J(R2_:%I
MN#+]3UO>\;=_:?RN9[3E`"+EA>J?S7T>1:_OTW4VCX+.ZQ0X=915)DG[/U_G
M(?0MD7R[L+2\F[YA0F=914WDE^S[3\:7Z7K;5ZV[:U'EL;I*@HZRBI')(^]7
M[7ZJW=>-N_M/Y7,]IR@!%1&27[0M-P9?J>M[WC;O[3^5S/:<H`1<L+U3^:^C
MR+7]^FZFT?!9W6*'#K**I,D_9^O\Y#Z%LB^7=A:7DW?,*$SK**F\DOV?:?C2
M_2];:O6W;6H\MC=)4%'645(Y)'WJ_:_56[KQMW]I_*YGM.4`(J(R2_:%IN#+
M]3UO>\;=_:?RN9[3E`"+EA>J?S7T>183?%(3M4NVKTA3I6+-3<:$P0X,%I<]
MY$1IT`:]`*D`W;V]QV0K']JY/\M[>_RA6/[5RHG)JH%:H%$K<&M4N;D(D6:8
MYC9B$6%P#,,1CK6>WK24W4;O+02,A+19F:C2I;#@PFESGG$:`!K4<F[>WN)_
M\(5C^U<G^6]O?Y0K']JY4%DSV>KEGY&T+*W29NGNC18!AB9A%F>`U^.&.O6%
MLR\F4FI^P-HI*2@1(\S&D(K(4*&W.<]Q;H`'O*C$W;V]QV0K']JY/\M[>_RA
M6/[5RWUDRV;KUG_XD_QND3E/\?[/X7VF$69^'B8X8Z\,1_NMN6[EIB<L3:&4
ME8+XTQ&ITQ#APV#%SW&&X``>\DJ*?\M[>_RA6/[5R?Y;V]_E"L?VKEO+)GLS
M:"S\]:!];HT[(-C0H`AF9@E@>0Y^.&.O#$+<ENY:8G+$VAE)6"^-,1J=,0X<
M-@Q<]QAN``'O)*BG_+>WO\H5C^U<G^6]O?Y0K']JY<D.[BW@:<;(UC7_`/:N
M5XHB\&N6A@TF=EY5\L^*'L\2*]I`$)GB,A@X>\YSQH'N!_`'N42IMJL"8B_9
M8DN8,S%EW,B%I.+'%N.@D8'#'7[UZ2+Q;1UQE$@P7?97S$2*7D,:X-P:R&Y[
MW8G\&Z![R1JUC\4>O"I529D1(Q(384-L5L0O:[T2<!G`>H2/2`.DM..C4O=1
M>96ZD:9!E_"E'3,Q,QA!A0FN#079KG'$G4`UCBNA2+2PZG4H,HR1BPH<Q*?:
MX$1[ABZ'Z&DM&K'/T:2?1.(&C'(D70K,^VET^).&`Z,X.8QD-I`+WO>&-&)U
M8N<-/N7D25K).;J<A3&2T03,QXS8HS@1`?#+@6D^_$L?AA[ACHQ"R9%T*U4(
M=*IDQ/Q(3HHA`80V88O<2`T#'XD@+R*9:AD]5&T]\DZ7.<Z$Y\1QS3&:8@<Q
MAS<'8>&3K!P]VM9-@/@B(NA4*13JC'@1YR5;%B0?4)<1HSFNP(!](9S6G`XC
M$`^Y=B5E)>4$42\(,$6(Z*_`G2]QQ)_J5SHNC5:5(5:"R#/RXBL826^D6D8M
M+3I!!P+201J()!7\IU)D::Z,9*$^$(SW/>SQ7%F<XXDAI.`))]P7?1=2I4Z3
MJ<!L"<A>(QK@]I#BQS7#$8AS2"#@2-!U$CWK@D:)2Y"9^TRDH(40,+&@.=FL
M:<W$-:3@W',;C@!C@,5Z2+@GI27GY6)*S<(1(,3#.:21J.(((T@@@$$:00NE
M+T"C2\:4CP:?!;&E2XP8N&+VEP.<<XZ23G'$G'65ZB+@G927GI6+*3<)L6!%
M;FO8[40NC*T"DRL>%,0)9PB0G%[2Z*]PSSG8O()(+SGN](Z?2.E>JB(B(B(B
M(B(B(B(B(B(B(B(B(B(B(B+#Y6W5/F*7:.=$K'9%HGC.B2[R`Z-#AEP$1AU%
MKBQPQ]Q:0=2Y!:2L3-3J$K3+-.FI>2F?LT28,[#AXNS&.)#2,<`'C_9?F1M+
M6YFT#Z-%LNZ"8+8<6-&^W0W!D)[GM:[`#$_]-VA=BJ6@J<&N1:12J`ZHQ(,M
M#F(K_M3((:'N>UH](:?^F4JMK(%(FZ))3\G$9,5`M\8,>'-E`2U@<\^\>(]C
M,1[SC[EU:I:RHRU0J\"1LY%G9>E!IF(S9N'#.F&(AS6NUX-/Q"YJ';6FUFMS
M%*@0HT,MEH4U+Q8@P;,,?#;$(;\'-#V8@Z?2!7ENO&E!016&4F;B@TV6J`@0
MW-+W"-%,,,'Q<"/ZKU9^VM(D_L4<N=%D9JG3%1$S#T@0X7AXC#62?$&`^(P7
MZIUH*S$G9.#5;+S,A+3F(A1FQVQS"<&EP;&:T?Z9(!T@N&.@D$A<-G+5SE9=
M3Y@T"/!I=2:Y\I-LC-BX``D>*UO_`$\0#AI=IT'`Z%EJ(B(B(B+5=;LK,3=`
MFJ93JC3X5I@9YC83H^B++3$5[G0W@:0,US7`X:'-'N)Q[XLL^%:*J5*8LK3Z
ME$F)\3,";?-!CV-$.&T#`MU@L)6208<*6MK4)J-.2K?M4A+PX<$Q0(A,-\9S
MCFZ\,'C3^!^"\&T5FA4K3QJO&L[3ZW*1I"!`A>-,!AAEKXKG8>B<00]NG\%P
M3]A9NT$:KS-2J,S2_M,O#DI:6DHK',AP&-SFYQ<S''Q'./HD:`U<,6[]];EJ
M],VDEI:)5:A+0F,B0H[PUD1LLUA.C`8>("1B#H_V7<AV2JT:6J4S&F($O5W1
M):;DIB&<X0H\.69#=G#`>BXA[2/>UQU+RY"PU;EZ)(R3W2HC0:73I1V;$.'B
M0)KQ7X'#5FZC\5S5V[V>G:[.?8YN#"HLS(3C84-P)=*S4=T)Q+1[X9="#R/B
M7?%=B8IEKJM7*1/QJ7+4N+*3+'SDQ"J;X@F&!K@6LA@`9N)#O2P)P`_%<=`L
M[7(-H:9.Q*)(4B-+N>:E.R,UA#J0+'-P\```9SBU^+M+<W`$XK92(B(B(B+5
ML]9:MS,G4*\W%E4,]%G926$O#,6$[$0F$O)]+"&,X-Q`)P!)&A>O9RG6AB5B
M'%J$Y5(=,E_$BP846(&F(XD-:U_I.<0`QS\"?_J8'5@/"K]#K$[4ZG&D:+&\
M6;BQC$,TR$\0G"&84*/!C`AVD%IS#B`"_5[_`,U>FVNDH,:DT<5C[*R*XR45
MLP7N`#83!B<YN`'^I$`)S?=FG0!VIZ2MKXK7MCU;_P"<$>)A"B-/@13%S832
M,]H:QD,YWO#CCCC@`MGM!#0"<3AI/Q7]1$1$1$1$1$1$1$1$1$1$1$7!/1G2
MTE,3#&->^%#<\->\,!(!.!<=`'X^Y8?9VUE1J,M2'3$M+&),SSY2:S<^&Z`1
M"=$;Z#@<2<W7G$88$$XX#]U>V\*0K<U36R[7M@RSG-+G9KHD?.A@-`PT,PB#
M%YT:#\"LCH%0_P`5H5.J9S`9N6AQB&'%H+F@D`_#$KT41$1$1$1$1$1>;:&J
MTRB4:;JE9BB%3X#,8[RPO`:2&^J`2=)`U+7-/O4N@ILI"DY&J2\O+P7%\.&R
M0C`,<<<2/0UZ2,?Q79;?%=6S,S*[#;X;/#9A(QAFLT>B/0T#0-'X!>Y0[Q+$
MU.2\2DU1KY:"[PAFRT1@:0`<`"T:,"%F:(B(B(B(B(B(M?WZ;J;1\%G=8H<.
MLHMQ72[.3/..Z&*P41$1$1$1$1$1:_OTW4VCX+.ZQ0X=91;ANEV<F><=T,5A
M(B(B(B(B(B(BU_?INIM'P6=UBAPZRBW#=+LY,\X[H8K"1$1$1$1$1$1%K^_3
M=3:/@L[K%#AUE%N&Z79R9YQW0Q6$B(B+\18L.#"?&BO:R&QI<Y[C@&@:225Y
M<C:*BSS)1TM/PR9N(Z%`8\%CWO:W.<`UP!T-&.K5@?>%SS-9I<M'F)>-/06Q
MY>&R)%AXXN8U[LUF(&GTCH`UDZEV9.:EYZ5AS4I&;%@1!BU[3H*_4U%=!EHT
M9D)\5S&%PAL]9Y`QP'XG4L5H-KWU.5I,5].#73TV^5B&%'#A+N;#<\9P<&O!
M(;AFEHPUZL,>[5K1NI\_-2?^'O=X,&!%;%?%#6.\2+X9)PQ+6MUN<1JQP!P7
MI4&J0JS29:I06%C(S2<TG'`@D'3[QB#I7=C/,."^(V&Z(6M)#&X8NP&H8^]8
MC0;8Q*I"ISHE,\-\U.Q)2(&1P?LY;#<\9[7!KPXYA&&;^..&&/?JUHW4^?FI
M/_#WN\&#`BMBOBAK'>)%\,DX8EK6ZW.(U8X`X+TJ#5(59I,M4H+"QD9I.:3C
M@02#I]XQ!TK#[]-U-H^"SNL4.'646X;I=G)GG'=#%82+\1W%D&(]N&+6DC'5
MJ_!:YLQ:VKU"7D3$F)6.Y]4^S3#FPAF^&YCRWPWL<6G2T:3@0-!&)Q/JVCM'
M4J?-S!D?LL>4^P-C0G-&<0\QVPW.+L<W-#78^[U3B5D%FYZ+4:/!F8S@Z(7/
M8YP:&AV:\MQ&!((.&.(.!UA=Z<@_:)2/+AP:8L-S,7,#P,1AJ.@_D5BUF[)Q
MJ73J;+S50$6))3CIEHAL=X;08;F9C`XDM;Z6=KUXX`!=NK6;=4WQ(T6=:V-$
MEX,%V$'T7&'%\3$C.QP)T$8XX:BO4H-._P`)I$K3C',?P&9OB%N;CI)U8G`:
M<-9_,KFJ<:0@2$=]3C2\*2+<R*Z8>&LP=HP).C3CA_58O2YNP%+EH$M*5ND!
ML"+XS'1*@Q[\_-+<XN+B2<TENGW:%S1:G86,PLB5RCG&$V#G?X@S.S&NSFC.
MS\=!TXXXXKVZ),T>/)-AT2:DX\K`PAC[+%;$:S1JQ:3I]_\`5<U4F9"3I\>8
MJDQ+P)%K<(T28>&PPTZ/2)T8:</ZK#J56+LJ5`A092T=#`A1C&8Y]28]P?@6
M@YQ<3H:XM'P&A<\6T5W$9A9$M+0SC";!SO\`$69V8UV<T9V=CH.G'''%>_9Z
MHT">D_"L]4)&:E9;"&1)QFQ&P]&(!S2<#[UBM^FZFT?!9W6*'#K*+<-TNSDS
MSCNABL)%YEHZS*6>H<[6I\13*R<,Q(@A-#G$?@"1\5JJ#?[=Y+L,.!)U2$TN
M+RUDFP#.)Q)T/UDDE?O_`.(.P.&'@5?####[*W_FLXL#;FB6XDYJ9HD.:9"E
M(C83Q,0PPXD8C``G1@NI?-.3=/NSK\Y(34:5F8<%A9&@O+'L/B,&APTC02HY
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M6X;I=G)GG'=#%82+"+Y=V%I>3=\PH3.LHJDR3]GZ_P`Y#Z%G]^FZFT?!9W6*
M'#K**I,D_9^O\Y#Z%FV4%NEKWZ'?8HE159DH['5CS'Z3%F]^FZFT?!9W6*'#
MK**I,D_9^O\`.0^A9_?INIM'P6=UBAPZRBW#=+LY,\X[H8K"181?+NPM+R;O
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M%G=8H<.LHJDR3]GZ_P`Y#Z%FV4%NEKWZ'?8HE159DH['5CS'Z3%F]^FZFT?!
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MCX+.ZQ0X=91;ANEV<F><=T,5A(L(OEW86EY-WS"A,ZRBJ3)/V?K_`#D/H6?W
MZ;J;1\%G=8H<.LHJDR3]GZ_SD/H6;906Z6O?H=]BB5%5F2CL=6/,?I,6;WZ;
MJ;1\%G=8H<.LHJDR3]GZ_P`Y#Z%G]^FZFT?!9W6*'#K*+<-TNSDSSCNABL)%
MA%\N["TO)N^84)G64529)^S]?YR'T+/[]-U-H^"SNL4.'64529)^S]?YR'T+
M-LH+=+7OT.^Q1*BJS)1V.K'F/TF+-[]-U-H^"SNL4.'64529)^S]?YR'T+/[
M]-U-H^"SNL4.'646X;I=G)GG'=#%82+"+Y=V%I>3=\PH3.LHJDR3]GZ_SD/H
M6?WZ;J;1\%G=8H<.LHJDR3]GZ_SD/H6;906Z6O?H=]BB5%5F2CL=6/,?I,6;
MWZ;J;1\%G=8H<.LHJDR3]GZ_SD/H6?WZ;J;1\%G=8H<.LHMPW2[.3/..Z&*P
MD6$7R[L+2\F[YA0F=915)DG[/U_G(?0L_OTW4VCX+.ZQ0X=915)DG[/U_G(?
M0LVR@MTM>_0[[%$J*K,E'8ZL>8_28LWOTW4VCX+.ZQ0X=915)DG[/U_G(?0L
M_OTW4VCX+.ZQ0X=91;ANEV<F><=T,5A(L(OEW86EY-WS"A,ZRBJ3)/V?K_.0
M^A9_?INIM'P6=UBAPZRBJ3)/V?K_`#D/H6;906Z6O?H=]BB5%5F2CL=6/,?I
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M^O\`.0^A9_?INIM'P6=UBAPZRBJ3)/V?K_.0^A9ME!;I:]^AWV*)4569*.QU
M8\Q^DQ9O?INIM'P6=UBAPZRBJ3)/V?K_`#D/H6?WZ;J;1\%G=8H<.LHMPW2[
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M*I,D_9^O\Y#Z%G]^FZFT?!9W6*'#K**I,D_9^O\`.0^A9ME!;I:]^AWV*)45
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MH4(.)T%?S`_`JI,D_9^O\Y#Z%G]^FZFT?!9W6*'2#B=!7\P/P*J3)/V?K_.0
M^A9ME`[I:]^AWV*)<#\"F!^!569*6QU9\Q^DQ9O?INIM'P6=UBAT@XG05_,#
M\"JDR3]GZ_SD/H6?WZ;J;1\%G=8H=(.)T%?S`_`K<5TH/\.3/..Z&*P474JE
M/DJK(1Z=49=DQ*1VYD6$_4\?`K#(]VUV<"+!A1[.4F%$C.S837G-,0_!H)TG
M\E^X5V%W$8.,&S%,B!KBQQ8"<'`X$'3K'P61V=LU0K-08T"A4R!(PXS@^(V"
M"`X@8`Z3\%W*M3)"L4Z/3:G*LF9..`(D&)ZK@"#I_J`L-FKM;LY.&(LW9RDP
M&.<&AT4YH+CJ&).M?R#=O=E'CQI:!9VD1(\#`18;#BZ'CJS@'8C^JR>SMFJ%
M9J#&@4*F0)&'&<'Q&P00'$#`'2?@NU6:53JW3HU,JLI#FI*-AXD&(,6NP((Q
M_J`5B$U=I=I)P71YNS=*@06D`Q(OHM&.@:25^85W%V,69B2D*SU(?,0P'/A-
M.+V@ZB1G8C6%E%GK.42S<M%E:'38$C`BO\1[(((#G8`8_P"P"[=6IDA6*='I
MM3E63,G'`$2#$]5P!!T_U`6(QKL+N($)\:/9BF0X3`7/>\%K6@:R23H7&R[:
M[)_@9EG:2[QP70<#CX@`Q);ITZ-.A9-9VS5"LU!C0*%3($C#C.#XC8((#B!@
M#I/P7<JU,D*Q3H]-J<JR9DXX`B08GJN`(.G^H"Q&+=?=S"AOBQ;+TUD-@+G/
M<"`T#62<=`77@W>76QHL*%!H5&B1(K/$AL8_$O;I](`.TC0=/X%>[3K#V3ID
M%T"0H4I`A.=GEK`<"<`,=?P`62HBQBTUGIBK3\M,P)F'":(8@Q,\$EK1&AQ<
MYF'O_P!/#3\0?=@?2L_2FTB!-P&>$(<:;C3#6PVYH:'NSL,/ZKU46/6MHDQ6
M8$N)6/"AQ(7BMPC`EI$2$^&3H]X#\1\=(T8XC\6=H<>G3TQ,37V9[LTPH#X.
M+<V'GEV&9AAB3Z3G$DEQ.H8!9(B\>T=-CU&#*.E70!'E9@1VMCM)8_T'LP.&
MD>OB/Q`7F6?LS'I=2E(\2-+.A2DF95AAM<TQ<?#Q>YI)`=C#TD:78C'#-65H
MO-M!3WU2E192&^&V(7PXC?$;BTED1KPUP^!S<#^!6/4VR,U+5FEU6+46/?+.
MF'/@B'Z+1%+W%L,ZP,YXQQUYHU:`,S1>9:*FNJU&FJ>R(V&Z*T8%[<6XAP<`
M1[P<,#^!*\&CV9GY&L,J#IJ"PQ(T2/,^"^)_J9QBD0LTG-+08@(=@#Z.K3HS
#%?_9
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>19
<FILENAME>g509647.jpg
<DESCRIPTION>G509647.JPG
<TEXT>
begin 644 g509647.jpg
M_]C_X``02D9)1@`!`0$!K@&N``#__@`]1$E32S$R-#I;,#9#2$DT+C`V0TA)
M,3(R-"Y/5510551=,3(R-%]32$%215]#05-(7T-(05)44RY%4%/_VP!#``<%
M!@8&!0<&!@8("`<)"Q(,"PH*"Q<0$0T2&Q<<'!H7&AD=(2HD'1\H(!D:)3(E
M*"PM+S`O'2,T.#0N-RHN+R[_P``+"`*2`*\!`1$`_\0`'0```@,!`0$!`0``
M``````````@&!PD%!`(#`?_$`$\0```$`P,)!`8)`P$&`PD````!`@,$!08'
M$3<($B$Q-G1ULK,3<7.Q(C,U04*!%!4R1E&"@X3#(V&1&!8D5I.AT6)RE$-2
M4U158\'2X?_:``@!`0``/P"=R>-F</&RQ^<S.9FY%3&YN9PKR8F61J%F:4-$
MA*OZ1'>DB,TZ%%]H[]/F_P!J:@59[)73ETW;>=?@4+FBG6<U9*B6TJ/0X:[E
M$9E]F_TM-P]95D9VCD131?U=]-.3?0<Q6;G9M_;WW77]M_2UZARX.:37L8*+
M0JI4Q3\\*'.,>B"5`F@XQ2,TT&HS))H+,*Y)>EFZ2UCLT?\`3X^(;C8IBIW/
M]]BO][.9)^B7(><))&UVN=FD223=F?+WCR2.IY]$T)2RWI;-TNQ+TN0[-%NL
MFAPEQ#:5&=SAKN41F7V;].FX>YE$PF='S*K#J"80LQ_WF(82V_=#PQ-*626S
M:^RI-R+E9Q7F9GI+1=(:(F<5-53F(B5+(CB6%-M*._L27!P[AH+^V<M7^1$E
M_6,/1$;6#,_FA3&$?BGB:=B5.,.DB(6DFC;5>1$:4DDKKC+1<8_2FUS&93Z:
M.1+52Q+;,]B&4/L3%*(5IM#A9J3;[4C-):C(DG?_`''+@9M-2^K8E#E1HBHF
M>_1U1;[Y+@5-_2EI-&8:C,B-!9A7)+TLW20ZTGBYC"325G.H^;-O14>XE,<A
M],1+HY"\_LVTDE7]'1FYOHD=Z;KU7Z;'E4,]!RR#A(B*7%/LLH0Y$+^TZHB(
MC4?]SUCU@```!"ZLJV)D$ZAV%0[*H#Z,MYQ1YQK4LK[D$:;\PSN*[.*Y1G=>
M1D/T@*EF,0<N9<A88G'XTX5\[U)-HSAS>09).^^_1\6K3K.XNU3L;%3""<B8
MA3"T&\I++C*323B$Z,ZXS/6HE7:=5Q^\0.FVJ:CXR"B)1351?5B(U2X=/:$4
M`PZE9I-Q+7:W)(E$HRN3<1Z2*\>SZVI8Z=A9><LFB:9AXEEIF8FFY@E-NI-"
M\[.S\SM$D6>:<T_QNTCJ9E-?[&S>`^C1)2F4J>0^DE'VF<T?:J4E5]YJSO2(
M[[[QX(F9T\F0/P<-*9M%0<(XS'NIALW/:-9G%)<O4LCN)17F1'KT7&0\E/%(
MG)I!(;15$I*--R-A&HJ.4B'?T]JLDI2XHOC-6:9%HO\`P,2.FX20S6DI?"2Z
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M?I*NT7%>=Q$)*`````%5J>VZ9PM6Q9KI>1/Q,MB'X:'B76W#<2@EFG7G>^[_
M`*G^(\;&4%.X9IMF'I:GVFVE&MM#;2TDA5QE>1$K0=QGI_N)O9-;'.:KJ^`I
MN(D\KA(-QMP[X9*R-.:@U$1$:KB+1^`EM"T_%2>%88F,EJ!$<43$&IUJ87PJ
M4N.+N5V9/9MV:HC^QKTW7CR31%5P]#,40W2<1$9L+]71,>TXVII+)$2"?;3G
M9RSS=.89$9'^-VGJ3.%GL)!5;(&)!%1OURZ^N#BV5MDRDGFR2?:&I1*3FJOO
MN([RNNO/0/=!TY,(-FIX9+6>B)E[$-"KSB_JJ1#FV?OT:;M=P_E5TW&32S>$
MD[<(;DQ8;A,U"7"0I"DFA+ERKRN]#M"UZ2,R]XG##33#+;#+:6VFTDA"$E<2
M4EH(B+\+A^@```````O``!C/>M=L9_Q&(ZJAQ!:63GBO*O"B.DH7)'PU3S%J
MH8-B#F3,/4+K<2MU32DFRT;IL=D7O)1H2VH_P1GG^`]#L'/(M_M2E40V;V@D
M*942"S\^[.+^WTM-]_\`\%5^HQV8&859&Q$!#0KL9#MOJ0F*4N7DA,">>:C;
M;ST^E<V@T&H\XKS29:[A^M/S:K8F?RV'CBBTPJD?UDJ@LR[T5JO<4:"*XR4V
M5Z5$9*29&C68_*?3.K(EV:P\`<P9>2Y$,I9;@O0;9S,UITG#3Z2U.*2HKC,B
M3G7D6:9CVU([,J?EL%*9.J8-0\++G5-NP<#](<?>024MMF1)-*<XS-1Z",_<
M97&8X+:JH*5)D*41ID2%P$2Q]$,FV6O1:0XEVZ]:U7FY>2C+--6@KA\0\YJF
M`=99@8&/).<M]Z'5!J.\UH=?UYA^]3;9>DFY23+-,2&3Q-5LU3!RN81D7%PR
M&R^D/%!I0A2^RSE&9D@BS36I))-*[R-)D:3TJ$_````"MJCD<XC:RB7X>"BU
MP;T&EMQ]+J"]#WI;,S*XS,OL*(TG>:KR,>J(D$ZBY?HA6(:-:@7D,NMJ)M2G
M%*4E"3-&A)DWK,O1SEWEJ$EI:$BH.6K:BFE,D<0ZMEA2B4;+1K,T(,R,RT%[
MB,R+4.T8SWK7;&?\1B.JH<06EDYXKRKPHCI*#H@````````\+TWE;$4["/S&
M%:B&FR><;6\E*D(,[LXR,]!7^\!S:5I5FJF4(2NS[:XWDW]G_P"]K^S_`'U#
MTPT3#Q;)/PK[3[1F9$MM9*29D=QZ2_N/MWU:^XQG4Y'QW:*_WR(UG_[57_<?
M'T^._P#G(C_FJ_[BX<F6*B7K1G4NQ#KB?JYX[E+,R^TC\0W)C/>M=L9_Q&(Z
MJAQ!:63GBO*O"B.DH.B`````(0]6[[4RF<"J3JSH-\D$6>LU=GFF9NJ2E!F2
M-!7*3G%Z1$9D>@>TZI<-Z.)$$P;$-#_2.W.*O3F:+L[-2>::B/.06DS(M))T
M"20;CST(P[$,=@\M"5+:SL[,49:4WZ+[M5X_1UQMEI;KJTMMH2:E+4=Q)(M9
MF?N(53-RD\?5,5,6ZFILH%UMM1MJF)$;ZDF5Q&1*]`]!'VB#*\B(C2>D>J&>
MEK,1!1*JSIY<1"-N*2^J,2:G'5-&@L\C5Z6;>5RS]+-+-]YF)K347)W(%N!E
M<V@X]4,VDG%,/I<,S/6I5QGI4=YZ??>.N[ZM?<8S@=]8OO,?(N/)@Q(=X<]S
M(#@&,]ZUVQG_`!&(ZJAQ!:63GBO*O"B.DH.B``AL76AL3F8RI,J=6["J:2@L
M\\]S.,B->8235F%??G)SM6F[0!RN81/:*1"FZS=FM/(=(T.KN:-1%HO))=LG
MTKKSN5HU7R22S!,UE<-,$-*:)]&=F*,C,M-VLN[_`/A:AS:[J'_92DYE4!0G
MTOZ&A*^Q[3,S[U$F[.N.[7^`6\[:Y`<3%Q*K/B4[%+-:S.:*T&?VLWT/1)7O
M(KB/WWCTM6\RAI+R&Z!233R^T6U]9JS#5G$J_-S+B.]):B]PN>R:T,[0I?,(
MSZI^K_HCR6LWM^US[TWWWYI7"2UKL=/^'1'24,^#,?R\,1DE^T:F\&'YEAF7
M?5K[C&<#OK%]YCY%QY,&)#O#GN9`<`QGO6NV,_XC$=50X@M+)SQ7E7A1'24'
M1`.35,X33].3.=K8-],##K?-HE9IKS2ONON.X+>NVRF%S.)F:J,CCB7S(S44
MU4GLU>]2+B+,,_>977_YO^BMLI(CO30+R#(DDG,F)IS#3F7*3<GT5?TT>D5Q
M^B6G0+8L;K^`K2%F,++I*Y+&9;V?HKB.V-9N&LS.^XCOO29F9WF9F/9;IA34
M?@HZJ`CAZS`&DR3]GY_OC?(+DK78ZH.'1'24,]S`&(R2_:%3>##\RPS+OJU]
MQC.!WUB^\Q\BX\F#$AWASW,@.`8SWK7;&?\`$8CJJ'$%I9.>*\J\*(Z2@Z(!
M$;5L-JHX:]RF$*/68`R.21]ZOVO\HM*W3"FH_!1U4!'#UF`-)DG[/S_?&^07
M)6NQU0<.B.DH9[F`,1DE^T*F\&'YEAF7?5K[C&<#OK%]YCY%QY,&)#O#GN9`
M<`QGO6NV,_XC$=50X@M+)SQ7E7A1'24'1`(C:MAM5'#7N4PA1ZS`&1R2/O5^
MU_E%I6Z84U'X*.J@(X>LP!I,D_9^?[XWR"Y*UV.J#AT1TE#/<P!B,DOVA4W@
MP_,L,R[ZM?<8S@=]8OO,?(N/)@Q(=X<]S(#@&,]ZUVQG_$8CJJ'$%I9.>*\J
M\*(Z2@Z(!$;5L-JHX:]RF$*/68`R.21]ZOVO\HM*W3"FH_!1U4!'#UF`-)DG
M[/S_`'QOD%R5KL=4'#HCI*&>Y@#$9)?M"IO!A^989EWU:^XQG`[ZQ?>8^1<>
M3!B0[PY[F0'`,9[UKMC/^(Q'54.(+2R<\5Y5X41TE!T0"(VK8;51PU[E,(4>
MLP!D<DC[U?M?Y1:5NF%-1^"CJH".'K,`:3)/V?G^^-\@N2M=CJ@X=$=)0SW,
M`8C)+]H5-X,/S+#,N^K7W&,X'?6+[S'R+CR8,2'>'/<R`X!C/>M=L9_Q&(ZJ
MAQ!:63GBO*O"B.DH.B`1&U;#:J.&O<IA"CUF`,CDD?>K]K_*+2MTPIJ/P4=5
M`1P]9@#29)^S\_WQOD%R5KL=4'#HCI*&>Y@#$9)?M"IO!A^989EWU:^XQG`[
MZQ?>8^1<>3!B0[PY[F0'`,9[UKMC/^(Q'54.(+2R<\5Y5X41TE!T0"(VK8;5
M1PU[E,(4>LP!D<DC[U?M?Y1:5NF%-1^"CJH".'K,`:3)/V?G^^-\@N2M=CJ@
MX=$=)0SW,`8C)+]H5-X,/S+#,N^K7W&,X'?6+[S'R+CR8,2'>'/<R`X!C/>M
M=L9_Q&(ZJAQ!:63GBO*O"B.DH.B`1&U;#:J.&O<IA"CUF`,CDD?>K]K_`"BT
MK=,*:C\%'50$</68`TF2?L_/]\;Y!<E:['5!PZ(Z2AGN8`Q&27[0J;P8?F6&
M9=]6ON,9P.^L7WF/D7'DP8D.\.>YD!P#&>]:[8S_`(C$=50X@M+)SQ7E7A1'
M24'1`(C:MAM5'#7N4PA1ZS`&1R2/O5^U_E%I6Z84U'X*.J@(X>LP!I,D_9^?
M[XWR"Y*UV.J#AT1TE#/<P!B,DOVA4W@P_,L,R[ZM?<8S@=]8OO,?(N/)@Q(=
MX<]S(#@&,]ZUVQG_`!&(ZJAQ!:63GBO*O"B.DH.B`1&U;#:J.&O<IA"CUF`,
MCDD?>K]K_*+2MTPIJ/P4=5`1P]9@#29)^S\_WQOD%R5KL=4'#HCI*&>Y@#$9
M)?M"IO!A^989EWU:^XQG`[ZQ?>8^1<>3!B0[PY[F0'`,9[UKMC/^(Q'54.(+
M2R<\5Y5X41TE!T0"(VK8;51PU[E,(4>LP!D<DC[U?M?Y1:5NF%-1^"CJH".'
MK,`:3)/V?G^^-\@N2M=CJ@X=$=)0SW,`8C)+]H5-X,/S+#,N^K7W&,X'?6+[
MS'R+CR8,2'>'/<R`X!C/>M=L9_Q&(ZJAQ!:63GBO*O"B.DH.B`1&U;#:J.&O
M<IA"CUF`,CDD?>K]K_*+2MTPIJ/P4=5`1P]9@#29)^S\_P!\;Y!<E:['5!PZ
M(Z2AGN8`Q&27[0J;P8?F6&9=]6ON,9P.^L7WF/D7'DP8D.\.>YD!P#&>]:[8
MS_B,1U5#B"TLG/%>5>%$=)0=$`B-JV&U4<->Y3"%'K,`9')(^]7[7^46E;IA
M34?@HZJ`CAZS`&DR3]GY_OC?(+DK78ZH.'1'24,]S`&(R2_:%3>##\RPS+OJ
MU]QC.!WUB^\Q\BX\F#$AWASW,@.`8SWK7;&?\1B.JH<06EDYXKRKPHCI*#H@
M$1M6PVJCAKW*80H]9@#(Y)'WJ_:_RBTK=,*:C\%'50$</68`TF2?L_/]\;Y!
M<E:['5!PZ(Z2AGN8`Q&27[0J;P8?F6&9=]6ON,9P.^L7WF/D7'DP8D.\.>YD
M!P#&>]:[8S_B,1U5#B"TLG/%>5>%$=)0=$`B-JV&U4<->Y3"%'K,`9')(^]7
M[7^46E;IA34?@HZJ`CAZS`&DR3]GY_OC?(+DK78ZH.'1'24,]S`&(R2_:%3>
M##\RPS+OJU]QC.!WUB^\Q\BX\F#$AWASW,@.`8SWK7;&?\1B.JH<06EDYXKR
MKPHCI*#H@$1M6PVJCAKW*80H]9@#(Y)'WJ_:_P`HM*W3"FH_!1U4!'#UF`-)
MDG[/S_?&^07)6NQU0<.B.DH9[F`,1DE^T*F\&'YEAF7?5K[C&<#OK%]YCY%Q
MY,&)#O#GN9`<`QGO6NV,_P"(Q'54.(+2R<\5Y5X41TE!T0"(VK8;51PU[E,(
M4>LP!D<DC[U?M?Y1:5NF%-1^"CJH".'K,`:3)/V?G^^-\@N2M=CJ@X=$=)0S
MW,`8C)+]H5-X,/S+#,N^K7W&,X'?6+[S'R+CR8,2'>'/<R`X!C/>M=L9_P`1
MB.JH<06EDYXKRKPHCI*#H@$1M6PVJCAKW*80H]9@#(Y)'WJ_:_RBTK=,*:C\
M%'50$</68`TF2?L_/]\;Y!<E:['5!PZ(Z2AGN8`Q&27[0J;P8?F6&9=]6ON,
M9P.^L7WF/D7'DP8D.\.>YD!P#&>]:[8S_B,1U5#B"TLG/%>5>%$=)0=$`B-J
MV&U4<->Y3"%'K,`9')(^]7[7^46E;IA34?@HZJ`CAZS`&DR3]GY_OC?(+DK7
M8ZH.'1'24,]S`&(R2_:%3>##\RPS+OJU]QC.!WUB^\Q\BX\F#$AWASW,@.`8
MSWK7;&?\1B.JH<06EDYXKRKPHCI*#H@$1M6PVJCAKW*80H]9@#(Y)'WJ_:_R
MBTK=,*:C\%'50$</68`TF2?L_/\`?&^07)6NQU0<.B.DH9[F`,1DE^T*F\&'
MYEAF7?5K[C&<#OK%]YCY%QY,&)#O#GN9`<`QGO6NV,_XC$=50X@M+)SQ7E7A
M1'24'1`(C:MAM5'#7N4PA1ZS`&1R2/O5^U_E%I6Z84U'X*.J@(X>LP!I,D_9
M^?[XWR"Y*UV.J#AT1TE#/<P!B,DOVA4W@P_,L,R[ZM?<8S@=]8OO,?(N/)@Q
M(=X<]S(#@&,]ZUVQG_$8CJJ'$%I9.>*\J\*(Z2@Z(!$;5L-JHX:]RF$*/68`
MR.21]ZOVO\HM*W3"FH_!1U4!'#UF`-)DG[/S_?&^07)6NQU0<.B.DH9[F`,1
MDE^T*F\&'YEAF7?5K[C&<#OK%]YCY%QY,&)#O#GN9`<`QGO6NV,_XC$=50X@
MM+)SQ7E7A1'24'1`(C:MAM5'#7N4PA1ZS`&1R2/O5^U_E%I6Z84U'X*.J@(X
M>LP!I,D_9^?[XWR"Y*UV.J#AT1TE#/<P!B,DOVA4W@P_,L,R[ZM?<8S@=]8O
MO,?(N/)@Q(=X<]S(#@&,]ZUVQG_$8CJJ'$%I9.>*\J\*(Z2@Z(!$;5L-JHX:
M]RF$*/68`R.21]ZOVO\`*+2MTPIJ/P4=5`1P]9@#29)^S\_WQOD%R5KL=4'#
MHCI*&>Y@#$9)?M"IO!A^989EWU:^XQG`[ZQ?>8^1<>3!B0[PY[F0'`,9[UKM
MC/\`B,1U5#B"TLG/%>5>%$=)0=$`B-JV&U4<->Y3"%'K,`9')(^]7[7^46E;
MIA34?@HZJ`CAZS`&DR3]GY_OC?(+DK78ZH.'1'24,]S`&(R2_:%3>##\RPS+
MOJU]QC.!WUB^\Q\BX\F#$AWASW,@.`8SWK7;&?\`$8CJJ'$%I9.>*\J\*(Z2
M@Z(!$;5L-JHX:]RF$*/68`R.21]ZOVO\HM*W3"FH_!1U4!'#UF`-)DG[/S_?
M&^07)6NQU0<.B.DH9[F`,1DE^T*F\&'YEAF7?5K[C&<#OK%]YCY%QY,&)#O#
MGN9`<`QGO6NV,_XC$=50X@M+)SQ7E7A1'24'1`(C:MAM5'#7N4PA1ZS`&1R2
M/O5^U_E%I6Z84U'X*.J@(X>LP!I,D_9^?[XWR"Y*UV.J#AT1TE#/<P!B,DOV
MA4W@P_,L,R[ZM?<8S@=]8OO,?(N/)@Q(=X<]S(#@&,]ZUVQG_$8CJJ'$%I9.
M>*\J\*(Z2@Z(!$;5L-JHX:]RF$*/68`R.21]ZOVO\HM*W3"FH_!1U4!'#UF`
M-)DG[/S_`'QOD%R5KL=4'#HCI*&>Y@#$9)?M"IO!A^989EWU:^XQG`[ZQ?>8
M^1<>3!B0[PY[F0'`,9[UKMC/^(Q'54.(+2R<\5Y5X41TE!T0"(VK8;51PU[E
M,(4>LP!D<DC[U?M?Y1:5NF%-1^"CJH".'K,`:3)/V?G^^-\@N2M=CJ@X=$=)
M0SW,`8C)+]H5-X,/S+#,N^K7W&,X'?6+[S'R+CR8,2'>'/<R`X!C/>M=L9_Q
M&(ZJAQ!:63GBO*O"B.DH.B`1&U;#:J.&O<IA"S+2/Y<&2R2?O5^U_E%HVZ84
MU'X*.J@(Z9:3'\N#29)^S\_WQOD%R5KL=/\`AT1TE#/@R'\N#$9)?M&IO!A^
M989EWU:__*8SA=+^HOO,?%PN3)@Q(=X<]S(#?F,^*UVQG_$8CJJ'#N%I9.>*
M\J\*(Z2@Z(!_%H2M!H6DE),KC(RO(QS)@<CEK*7H],%#MJ62$J<0DB-5QG=J
M_`C/N(S]P^F$2:(B(B&81!./PYI)YM"4FILS*\B47NO+2/:S#L,7]BRVWG:\
MQ)%?_@?;C:'4&AQ"5H/6E17D8\,8U*(*&<BHMF$98;*]2UMI(B]WX?CH'DAH
MNFXJ+3!PSDO=B%M]HEM!),S3<1WZOP,C[C'79898(R9:;;(])DA)%?\`X'VH
MB4DTJ(C(RN,C]X\,3#RJ$AW8F)8A&F&DFM;BT))*2+69G</%#QE-1,0S#,.2
M]QYY.<VA*4WJT&?X:[DJT:_1/\#'79AX=@S-EAMLSUYB"*__``/U'D5`P"2-
M2H2'(BTF9MI_[#GLQ=-/PK44T[+E,.O)8;61(N6XK[*2_$SO*XO?>0ZK,+#,
MJSV8=IM5UUZ4$1_]!^P\JX*!])Q<+#^\U*4VG_.H<QB.IF)*'.'7`O%$*-+7
M9MDK.,KK]1:O23IU>D7XD.LU"0K2R6U#,H66I24$1C]P`'"JB1+G;#*68I,.
M\UVJ24MO/2:7&U-JT7EIN5>1W^X?O*I,W+H^,BFW<XHAMAO---QEV:33>9^\
MS(R_P.L`<^=R]<R@28;>)IU#S3[:U)SDY[;B5IO*\KRO3<>DAQ*>I=Z51S;[
M\8S%H;)79%V)H-I2]*S(B5=>9W^D9&>;<F^XCOE8!SY]+2FTJB(`W3:-TBS5
MYN=FJ)1**\O>5Y%>7X#AR^EHB'F<)&OS!IPF8EZ,-*&#09NN$LE%]HRS?3T7
MD:BNN([C,2P`\\?"HC8*(@W%*2A]I3:C3K(E$9'=_D1%%#K6<._$3=SZ4S%,
MOI[%E*6[FR:3]E6=<HTLD6=?HSCT7:!-@#SQ\*B-@HB#<4I*'VE-J-.LB41D
M=W^1$6:,B$N-/KF3)1).(-3S4.I"D)03*2)!Y_HWDR5]]Y'G'HNT'-@`````
M````````````````````````````````````````````````````````````
M````````0.!C:JJ&#CIW)9I!0\.F(=:@(-V%SDO$TLT&;J[\XL]25?9(LTKM
M>D%1U?%RVIH&%;5"HET*3'UJ2U$:TG$+[-HDG_X3+.5H^R9:AXIM4<\A*AC8
M:(F<-+#1%M-P$+&0AIAXUDR3>?TG42U&:B(B,C(TD5QWC\'K1$PU.5*X^\Z4
MV@8F8-0V;`.J;+LW%I:O4233J)-]Y]]PDE9S":P_^SL)*XU$&],IBF&<>-DG
M<U/8NK.Y)Z+[T$.;%SZ?2F+BI5'/PT2\V]+G6HIMGL\]E^*)E:%(O,B45RKE
M%H/.+05VD:J6;*@H>5&IOZ^5.SEKBNS*[LT*[53I)_O#W'WJ(>:63JHY['RZ
M$AYJU`Y[,<^XHH1+F?V47V2$W&97>B>F[6.9-*QGS$Q@)-&3)J`>;C(N%BXN
M$EZH@G>S::<;4EKTC3>ETKRTW&1Z1ZEUE,I5.94A^+^L9*J7N14=%+A#AW6T
MF^3:7>S,B,DHO+.(R^S>KW#TIGE0S2H&Y3"3-J"2<;'H-PH5+AFVSV.8FXS_
M`/N'>8^8^I*DA#B99$NH2N!CVVXN90<`M[-A5LFXASL2-1D><68H_2(OM7:=
M$HHJ9/S23JB'IG!3)*7UH;BX0LTG4$>C/1\"RON-/XE?HON*0@```!'YQ5,O
ME,X9E<4V]GKAUQ*W$D1I;;21WF97YQEH/[)'=[[KQ^K=0L.RYV,1`QIN-.DR
MN&[,NT0HTDK3Z6:19JB,S-1$1'I,CT#\Y'5,LG;Z&H,GR)Q"EMK<022<S,S/
M(BOO(T]H@CO(K[]%XATRAH-$UF,A8J";P<KF$<3,4TU!DIM#[Q$I33;]U[>?
MG%?KN-9W&1GHZB:6HV-@Y@F*=EL<]-7G$-Q:R:4XW>DD(;:5I,LQ))(B([[R
MOUF./,I?"]M'R"+J:9NRY]UI,R3]"):">-LE*3VMQ]GGDDE&17YN=H--Y#N0
M4)3\114SA&IXU]`G+L4LXA:T)-M42I2S1I.[.+/U'IT:1[*LA(*9HE^94+$M
MBI5&H?0Z9MKS7#;6V25)49:R6K_`_C=']HA]Z8S:)C9C$/PKKD4MM";D,.DX
MAI*$D1)1>1_B=ZC.\]`]B*6@TUFY59/._2%PI,=@?JR7H(W2_P#$:22GN(<L
MJ+BH1V$?E$_=@GF&XEHUG"H=STO/]L>A6JX]!#Y<H5QIV71DNGT4S,H5V(>=
MC'F4/*B5O$DEFHM"2T(21$1$1$1%[AT8"F74S9,UFTS.8Q/T%R!62H=+:'&U
MN$O2DM'NN_N1CD0=GRI44*<DGL1".0S\4XVIUE+]R'LR]OTCU))M)$>NXA[4
M4:XPE,5#3Z.3./I9Q;L<XE"NV4:";-"VR(DYA((B))79MQ&1WWF?7IJ2?4K$
M8;L8Y&1<;$JBHE]:$HSUFE*="4Z$D24)*[^UYF9CL@```!0MH=I%",U@[+Y]
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M9(+LR)7NNTEJ.QF6TLM(:1?F(222O._017#[```````%Y7W```]1A$[9<3ZE
MWQ7D0A`Z]+>W(7\W(H:&````````````*TJ^23^.JU41+(1Y3:X+LS?6]FI)
M-Y9Z$*(R4A2BO+-,C2=^=>1E>7MCY3-HB00\L.6Q!D<2^LKGTF<*RI3G9D2<
M\B4M*321%?FI,R,C/-N$BDTK.&FDPC7&.S->8TT=Y&;B"(C-:KM:E+-5_P#9
M)?B.X>HPB=LN)]2[XKR(0@=>EO;D+^;D4-#````````````"(6A3J<-5Y4K;
M4UC4-HF<2E*4Q"R))$XJXB*\1WZ^G?\`]8C_`/U*_P#N)Y8G-YK$VHT\S$3.
M,=:4\O.0X^I23_I+UD9AU/A^012V7$^I=\5Y$(0.O2WMR%_-R*&A@`")S:LF
M);/7I.Y`/+<0PAQ!DXA*G5+424DE*C(U%>HB-17D1WWZ"O'HCJI:A9*W-?J^
M(<0:W$.H)2"-M2%&E17F=QGG)-*2+2H[KA[)+/&9K$QK"&S:7#+-.:X=RU$2
MU(SLVZ\B,T'<8[`B4763,-/(Z4?5[RWH<FB1<XA*G5N*)*2))F1YIFHO3TEH
M.^ZXK_3%54PQ*8.:(@8AUE]1I41&DC;,E9IITGZ2L[024WFJX[A[*?GC,Z0^
MIILVC:7=V:U>GFWF1*-.LK[CN'8$4G=90TGG:Y6]`O+-,-VY*):4FX9F1$E"
M5&1JTF1&9:C/3HO,OWC:I;A9&<V.7Q"R;=<:>;)2"[)39J2HC49W'I3<F[[1
MF1>\>N33YF:1D9"H:4RN'49$ET\U:R)1I-6:97W7D97CLA`+1L0*GXI$]50C
M8L"PO%:G/&7TEAXOA^012V7$^I=\5Y$(0.O2WMR%_-R*&A@`!;*HM9HXJKF"
MIA34UB(B&<5#&11I$WGMJ-).I3\*RNT&6KOTC\%6W4@:81*:8G"/HBE+9-,?
M<:5*SLY6O2H\Y5YGITB5V<VLT]459,RF`D$PAXR8$LNWB(KM20E*5N9I$9G<
M5^=H+\?["[PL\XM=HU%1S&(BJ:FST2EPV[_II$AM:%&7:-E\"CN+27X?W._Y
M*VZCT_0^SI>;M_0[S8S(Z[,,RN4>O6?O/6=Y_B8FEEMJ,AJ6IUR>622/A8B(
M:4XI^)BNV]%N\R3I,S(BSCN+45YBY@O%H%IE(P%;3&#FU.3.,?@C.'428LDL
MJ45QDX2/<HO<?SUD1ES%VVT>IJ&;*F9PDH=Q3K9IC]).*-1J69WZ5&:U:3TZ
M?[$)'1%L-.3FL(2`@Z>F+49,7.P)]^+[0FR,S49$1F=Q&>FXKO\`H+W]P0"T
M;$"I^*1/54(V+`L+Q6ISQE])8>+X?D$4MEQ/J7?%>1"$#KTM[<A?S<BAH8`!
MC/>M=L9_Q&(ZJAQ!9.3]BU(?U^@L.R>H9WU)M#-=[>YS'-%MY-6)S&YO^1!R
M#U&$3MEQ/J7?%>1"$";V-8GTUOB?(P]9:B"`VC8@5/Q2)ZJA&Q8%A>*U.>,O
MI+#Q?#\@BELN)]2[XKR(0@=>EO;D+^;D4-#``,9[UKMC/^(Q'54.(+)R?L6I
M#^OT%AV3U#.^I-H9KO;W.8YHMO)JQ.8W-_R(.0>HPB=LN)]2[XKR(0@3>QK$
M^FM\3Y&'K+400&T;$"I^*1/54(V+`L+Q6ISQE])8>+X?D$4MEQ/J7?%>1"$#
MKTM[<A?S<BAH8`!C/>M=L9_Q&(ZJAQ!9.3]BU(?U^@L.R>H9WU)M#-=[>YS'
M-%MY-6)S&YO^1!R#U&$3MEQ/J7?%>1"$";V-8GTUOB?(P]9:B"`VC8@5/Q2)
MZJA&Q8%A>*U.>,OI+#Q?#\@BELN)]2[XKR(0@=>EO;D+^;D4-#``,9[UKMC/
M^(Q'54.(+)R?L6I#^OT%AV3U#.^I-H9KO;W.8YHMO)JQ.8W-_P`B#D'J,(G;
M+B?4N^*\B$($WL:Q/IK?$^1AZRU$$!M&Q`J?BD3U5"-BP+"\5J<\9?26'B^'
MY!%+9<3ZEWQ7D0A`Z]+>W(7\W(H:&``8SWK7;&?\1B.JH<063D_8M2']?H+#
MLGJ&=]2;0S7>WN<QS1;>35B<QN;_`)$'(/481.V7$^I=\5Y$(0)O8UB?36^)
M\C#UEJ((#:-B!4_%(GJJ$;%@6%XK4YXR^DL/%\/R"*6RXGU+OBO(A"!UZ6]N
M0OYN10T,``QGO6NV,_XC$=50X@LG)^Q:D/Z_06'9/4,[ZDVAFN]O<YCFBV\F
MK$YC<W_(@Y!ZC")VRXGU+OBO(A"!-[&L3Z:WQ/D8>LM1!`;1L0*GXI$]50C8
ML"PO%:G/&7TEAXOA^012V7$^I=\5Y$(0.O2WMR%_-R*&A@`&,]ZUVQG_`!&(
MZJAQ!9.3]BU(?U^@L.R>H9WU)M#-=[>YS'-%MY-6)S&YO^1!R#U&$3MEQ/J7
M?%>1"$";V-8GTUOB?(P]9:B"`VC8@5/Q2)ZJA&Q8%A>*U.>,OI+#Q?#\@BEL
MN)]2[XKR(0@=>EO;D+^;D4-#``,9[UKMC/\`B,1U5#B"R<G[%J0_K]!8=D]0
MSOJ3:&:[V]SF.:+;R:L3F-S?\B#D'J,(G;+B?4N^*\B$($WL:Q/IK?$^1AZR
MU$$!M&Q`J?BD3U5"-BP+"\5J<\9?26'B^'Y!%+9<3ZEWQ7D0A`Z]+>W(7\W(
MH:&``8SWK7;&?\1B.JH<063D_8M2']?H+#LGJ&=]2;0S7>WN<QS1;>35B<QN
M;_D0<@]1A$[9<3ZEWQ7D0A`F]C6)]-;XGR,/66H@@-HV(%3\4B>JH1L6!87B
MM3GC+Z2P\7P_((I;+B?4N^*\B$('7I;VY"_FY%#0P`#&>]:[8S_B,1U5#B"R
M<G[%J0_K]!8=D]0SOJ3:&:[V]SF.:+;R:L3F-S?\B#D'J,(G;+B?4N^*\B$(
M$WL:Q/IK?$^1AZRU$$!M&Q`J?BD3U5"-BP+"\5J<\9?26'B^'Y!%+9<3ZEWQ
M7D0A`Z]+>W(7\W(H:&``8SWK7;&?\1B.JH<063D_8M2']?H+#LGJ&=]2;0S7
M>WN<QS1;>35B<QN;_D0<@]1A$[9<3ZEWQ7D0A`F]C6)]-;XGR,/66H@@-HV(
M%3\4B>JH1L6!87BM3GC+Z2P\7P_((I;+B?4N^*\B$('7I;VY"_FY%#0P`#&>
M]:[8S_B,1U5#B"R<G[%J0_K]!8=D]0SOJ3:&:[V]SF.:+;R:L3F-S?\`(@Y!
MZC")VRXGU+OBO(A"!-[&L3Z:WQ/D8>LM1!`;1L0*GXI$]50C8L"PO%:G/&7T
MEAXOA^012V7$^I=\5Y$(0.O2WMR%_-R*&A@`&,]ZUVQG_$8CJJ'$%DY/V+4A
M_7Z"P[)ZAG?4FT,UWM[G,<T6WDU8G,;F_P"1!R#U&$3MEQ/J7?%>1"$";V-8
MGTUOB?(P]9:B"`VC8@5/Q2)ZJA&Q8%A>*U.>,OI+#Q?#\@BELN)]2[XKR(0@
M=>EO;D+^;D4-#``,9[UKMC/^(Q'54.(+)R?L6I#^OT%AV3U#.^I-H9KO;W.8
MYHMO)JQ.8W-_R(.0>HPB=LN)]2[XKR(0@3>QK$^FM\3Y&'K+400&T;$"I^*1
M/54(V+`L+Q6ISQE])8>+X?D$4MEQ/J7?%>1"$#KTM[<A?S<BAH8`!C/>M=L9
M_P`1B.JH<063D_8M2']?H+#LGJ&=]2;0S7>WN<QS1;>35B<QN;_D0<@]1A$[
M9<3ZEWQ7D0A`F]C6)]-;XGR,/66H@@-HV(%3\4B>JH1L6!87BM3GC+Z2P\7P
M_((I;+B?4N^*\B$('7I;VY"_FY%#0P`#&>]:[8S_`(C$=50X@LG)^Q:D/Z_0
M6'9/4,[ZDVAFN]O<YCFBV\FK$YC<W_(@Y!ZC")VRXGU+OBO(A"!-[&L3Z:WQ
M/D8>LM1!`;1L0*GXI$]50C8L"PO%:G/&7TEAXOA^012V7$^I=\5Y$(0.O2WM
MR%_-R*&A@`&,]ZUVQG_$8CJJ'$%DY/V+4A_7Z"P[)ZAG?4FT,UWM[G,<T6WD
MU8G,;F_Y$'(/481.V7$^I=\5Y$(0)O8UB?36^)\C#UEJ((#:-B!4_%(GJJ$;
M%@6%XK4YXR^DL/%\/R"*6RXGU+OBO(A"!UZ6]N0OYN10T,``QGO6NV,_XC$=
M50X@LG)^Q:D/Z_06'9/4,[ZDVAFN]O<YCFBV\FK$YC<W_(@Y!ZC")VRXGU+O
MBO(A"!-[&L3Z:WQ/D8>LM1!`;1L0*GXI$]50C8L"PO%:G/&7TEAXOA^012V7
M$^I=\5Y$(0.O2WMR%_-R*&A@`&,]ZUVQG_$8CJJ'$%DY/V+4A_7Z"P[)ZAG?
M4FT,UWM[G,<T6WDU8G,;F_Y$'(/481.V7$^I=\5Y$(0)O8UB?36^)\C#UEJ(
M(#:-B!4_%(GJJ$;%@6%XK4YXR^DL/%\/R"*6RXGU+OBO(A"!UZ6]N0OYN10T
M,``QGO6NV,_XC$=50X@LG)^Q:D/Z_06'9/4,[ZDVAFN]O<YCFBV\FK$YC<W_
M`"(.0>HPB=LN)]2[XKR(0@3>QK$^FM\3Y&'K+400&T;$"I^*1/54(V+`L+Q6
MISQE])8>+X?D$4MEQ/J7?%>1"$#KTM[<A?S<BAH8`!C/>M=L9_Q&(ZJAQ!9.
M3]BU(?U^@L.R>H9WU)M#-=[>YS'-%MY-6)S&YO\`D0<@]1A$[9<3ZEWQ7D0A
M`F]C6)]-;XGR,/66H@@-HV(%3\4B>JH1L6!87BM3GC+Z2P\7P_((I;+B?4N^
M*\B$('7I;VY"_FY%#0P`#&>]:[8S_B,1U5#B"R<G[%J0_K]!8=D]0SOJ3:&:
M[V]SF.:+;R:L3F-S?\B#D'J,(G;+B?4N^*\B$($WL:Q/IK?$^1AZRU$$!M&Q
M`J?BD3U5"-BP+"\5J<\9?26'B^'Y!%+9<3ZEWQ7D0A`Z]+>W(7\W(H:&``8S
MWK7;&?\`$8CJJ'$%DY/V+4A_7Z"P[)ZAG?4FT,UWM[G,<T6WDU8G,;F_Y$'(
M/481.V7$^I=\5Y$(0)O8UB?36^)\C#UEJ((#:-B!4_%(GJJ$;%@6%XK4YXR^
MDL/%\/R"*6RXGU+OBO(A"!UZ6]N0OYN10T,``QGO6NV,_P"(Q'54.(+)R?L6
MI#^OT%AV3U#.^I-H9KO;W.8YHMO)JQ.8W-_R(.0>HPB=LN)]2[XKR(0@3>QK
M$^FM\3Y&'K+400&T;$"I^*1/54(V+`L+Q6ISQE])8>+X?D$4MEQ/J7?%>1"$
M#KTM[<A?S<BAH8`!C/>M=L9_Q&(ZJAQ!9.3]BU(?U^@L.R>H9WU)M#-=[>YS
M'-%MY-6)S&YO^1!R#U&$3MEQ/J7?%>1"$";V-8GTUOB?(P]9:B"`VC8@5/Q2
M)ZJA&Q8%A>*U.>,OI+#Q?#\@BELN)]2[XKR(0@=>EO;D+^;D4-#``,9[UKMC
M/^(Q'54.(+)R?L6I#^OT%AV3U#.^I-H9KO;W.8YHMO)JQ.8W-_R(.0>HPB=L
MN)]2[XKR(0@3>QK$^FM\3Y&'K+400&T;$"I^*1/54(V+`L+Q6ISQE])8>+X?
MD$4MEQ/J7?%>1"$#KTM[<A?S<BAH8`!C/>M=L9_Q&(ZJAQ!9.3]BU(?U^@L.
MR>H9WU)M#-=[>YS'-%MY-6)S&YO^1!R#U&$3MEQ/J7?%>1"$";V-8GTUOB?(
MP]9:B"`VC8@5/Q2)ZJA&Q8%A>*U.>,OI+#Q?#\@BELN)]2[XKR(0@=>EO;D+
M^;D4-#``,9[UKMC/^(Q'54.(+)R?L6I#^OT%AV3U#.^I-H9KO;W.8YHMO)JQ
M.8W-_P`B#D'J,(G;+B?4N^*\B$($WL:Q/IK?$^1AZRU$$!M&Q`J?BD3U5"-B
MP+"\5J<\9?26'B^'Y!%+9<3ZEWQ7D0A`Z]+>W(7\W(H:&``8SWK7;&?\1B.J
MH<063D_8M2']?H+#LGJ&=]2;0S7>WN<QS1;>35B<QN;_`)$'(/481.V7$^I=
M\5Y$(0)O8UB?36^)\C#UEJ((#:-B!4_%(GJJ$;%@6%XK4YXR^DL/%\/R"*6R
MXGU+OBO(A"!UZ6]N0OYN10T,``QGO6NV,_XC$=50X@LG)^Q:D/Z_06'9/4,[
MZDVAFN]O<YCFBV\FK$YC<W_(@Y!ZC")VRXGU+OBO(A"!-[&L3Z:WQ/D8>LM1
M!`;1L0*GXI$]50C8L"PO%:G/&7TEAXOA^012V7$^I=\5Y$(0.O2WMR%_-R*&
MA@`!:I]D]3F9SR93)%0P#:(N*=?2A3*S-)*6:B(_\CP?Z;)W_P`22_\`Y*Q*
M;-K$9I2%9RZH8F=P<2U"]IG--M+)2LYM2=9_^87V%NF>3G&QLQBXPJJAT$^\
MMTDG!J.[.49W?;_N/+_IICO^+8?_`-$K_P#<3"S"QB*HBJFYZ[/V8Q*&7&NR
M3#&@SSBNOO-1BZSU!>JYL(FU25;-9ZS/8)AJ-?-U+:VEF:2N+09EW#@?Z;)W
M_P`22_\`Y*QWZ'L(FU-U;*IZ]/8)]J"?)U3:&ED:BN/01GWAA?<%PJ?)_G$Y
MJ2;3=JH(%IN-BW8A*%,K,TDM9J(C_P`CE?Z;)W_Q)+_^2L22SZPR:TK6,KG\
M1/(*(:@W%*4TVTLE*O0I.@S[PP%VBX+U7-A$VJ2K9K/69[!,-1KYNI;6TLS2
M5Q:#,NX<#_39._\`B27_`/)6/;*,GB<P$P9BE5#`+2B^]),K(SO29?\`Y#+@
M`.54L>]+).]%P_9DZE3:"4Z1FA&<M*36J[W))6<>DM6LAR9)/IA'3"6,N)A5
M0L3#Q9FZW?G+6R\ELE)TW$A23SM9Z]>C3*P#SS"(5"0$3%(:-U;+2W";3K69
M$9W?.X0265;-HV,A(1I^6/NFZUVA-)41.-J2TI:B,U7()':&F^]1J41%FEI%
MA@'\6>:DU$1G<5]Q>\5FW6\V7")>2Y+5K2AAY3:2.\^TS+V[C7?_`$\X\XRO
M5I3Z`LT`!7D;6LRAFYN;<,P^\RW$*9;0VL_HQMNK;+MKKSN,D9]]R?P+61B=
M2Z(^ER^%BC*[MFD.:C+6DCU'JUCT@%>Q%7S0HB*9:.!(TO+*Y1DA3"$/+;,E
M9ZR)2U$C.(M&L]!D5XG,MBDQLNA8Q&=FOLH=+.3FG<I)'I+W'IU#T@`/XM*5
MI-*TDI)E<9&5Y&0_B6T))))0DB26:FXM1?@7^!]``/P^APEZ#^BLWH.]'],O
M1.^^\OPTC]P`'XE#0]Y'V#5Y*[0O0+0H]:N_^X_8`!^9--$I:B;01N?;/-+T
DO=I_$?H1$1$1%<0`#\E0\.OM"6PVHG#(UWH(\Z[5?^(_4?_9
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>20
<FILENAME>g1001641.jpg
<DESCRIPTION>G1001641.JPG
<TEXT>
begin 644 g1001641.jpg
M_]C_X``02D9)1@`!`0$!1`%$``#__@`\35),3%]'4D%02$E#4SI;5$]/5%-)
M15]23TQ,75!224-%5T%415)(3U5314-/3U!%4E-?4TE'+D504__;`$,`!P4&
M!@8%!P8&!@@(!PD+$@P+"@H+%Q`1#1(;%QP<&A<:&1TA*B0='R@@&1HE,B4H
M+"TO,"\=(S0X-"XW*BXO+O_```L(`#,!!0$!$0#_Q``<``$``@(#`0``````
M````````!`8#!0$"!PC_Q``]$``!`P0!`@0$`P8!#0`````!`@,$``4&$2$2
M,0<305$4(C)A%7&!%B1"4G*1,Q<T0U-58H*4H:*RT?#_V@`(`0$``#\`^D:4
MJOW?,,=M,A423<D.30/\SC)4^^?8>6@%7)XY%1$9)?)C:'+9AEQZ%'75<'FH
MH'W*=J7K_AK$F1XB/KZOPO'(37\JYKSZO^UM(K&XYXF,I*TQL6E:Y\M+LADG
M_=!(4-_<_P!JG8SE"KI,>M%TM4BT7QAH/.0WE!P*;)UYC;B>%IWQO@@]P*LU
M*4I2E*4I2E*4W5?NF8XQ:W"S,O<0/I.BPTOS70?Z$;5Z^U:PYT7%$0L/RJ6`
MKI"DV\,I//<>:I'%;&PY7"N\Q5O=A7"UW$(+B8EQ8\I;B!K:D$$I4`2`=$Z]
M=58J4I2E*KE\R7X1]RVV>`[=[R`#\(PH)2UOL7G#\K8X/?YCZ`U`7C%WONEY
M5>W%15)!-KMI5'9!]0MP'S'!^J0?Y?:R6FTVRSQ4Q+7`CPV!KY&&P@'[G7<_
M<\U.I0\51[%(_:+/9U]B*2JTVJ*NV,/)Y$A]2TK>(/JE/0A.^Q/5WU5XI2E*
M4I2E*4J!>+O;++$^+NLYB(QU!(4ZK74H]DI'=2C[#9K1*O.1W5]+=ALJ8L+>
ME3[L%-_JA@:6H?U%'ZUT?PM-U4%Y->9]U2%=7PH7\-&'/^K;T5#^M2JL=NM=
MMM;/D6V!&AM?R1VDMC^R0*EG7<U28DS]J,SCS+>D&RV,.I^,!^63*6.A2$>Z
M4)WM78J(`^DU=Z4I2E5?*Y\]R?;,;M+QCR[CUN/2DD=4:,WT^8I((/SDK2E.
MQH%6_2MM8[+;;%#^$MD8,MJ47%J*BM;JSW6M:B5+4?<DFME2E:;(\DL^-Q42
M+M+#7FJZ&6D)*W7E^B4(2"I1_(55W8N4YJZA-P;D8YC1_P`2('!\;.2?1:D_
MX*#QM()4>02-\7BW08=L@L0($9J-%82$-M-)Z4I`]`*DTI2H9NEM%S%J-PBB
MXEOS1%\U/FE'\W1O>OOJIFQ7!(`V3P*\WRG/9RH4[]DHC;S;#@8-UE!1CEXJ
M"?+:0@%;Z]\:2.G?<\&K/@K>4-XY'.7RF'[PX2MP,MA`:![(.N"1ZD?]=;-B
MI7"UI0@K6H)2D;))T`/>J#$RZ9F8F1L'<CMQH[RH[]WD]*TMJ'?RF@=N'1!"
ME=*?S[5O[9BUNAS&[G*+URNR4Z^.F+\Q:=]^@?2V#[(`JP4K6WR^6BP0C.O%
MP8AQP=!3JM%1]DCNH_8`FJNO\<S4!*4R['C2]AP.H\N9/3Z@#>V&S[_61VZ>
MYN-N@P[9"8@6^,U&BL)"&VFDA*4#V`J32E*4JGY4AVT7^V9<TP78S#+D*X]*
M2I3499"PZ`/Y%H'5W^4D^E6J)*C38S4J'(:D1W4A3;K2PM"TGL01P16"?=+9
M;FU.7"X18K:-=2GWDM@;[;)->8>'6<^9AD%$>->\DN[BWEN%B,KI"U.K5TJ?
M7IL!(('U=M:'I5G5#SJ^MCXVX1,;BK`)9@)^(E)^Q>7\B3_2@_8UL+7C-FQI
MF3<(4%Z7<0R2Y*?<4_*D:&]%Q6SR1V&AOTK<VB8NX6N'.<AOPUR&4N*CR!IQ
MHD;Z5#T(J96ARJ^3;)%9<@8]<;R\ZLI\J&$_(`.ZBHC7V[U6DY;G[@):\+9(
M202DNWB.@_;8Y(J3&OOB*]OS,"M\8:)V]?4G_P`6C_\`"J3>,KSG*+'>5V]Z
MRXW9XSA8-Y5*=<^((.B&%!`)Y^7J">3PGFNN"8+D[[L7(_,M>.OLMNM1VQ:U
MN/N)61M]TNN%?F*`UI1.DGL"35NN]FN5L@O7/(/%*Z1(J-EUQMF,PVD>@2"A
M1WZ#DD_<U0I%G+_[QD5\RQV),^2U8ZY<RJ9<N^UN)`'0@CN/X1LJ([5:<.\(
MK+:[G%OLLN-3HS_GLP(TE:XL7C24#KVI9&R2HD;)X`'%>HQY<2074QY++I9<
M+3@;6%="QW2==C]CS68D#6SW[5@=FPV9;$-V4RW)?"BRRIP!;@2-JZ1W.AWU
MVJEQF7<\DKF3MIQ1ATB+%2KBZ%)T77=<%G?TH_BUM6QH5,ON!VFX247*V/2+
M'=VTA*)UM4&E%([)6CZ7$_90_45&$+Q.B-I;9ON-W`)W\\NWNLK7[;*'"!^@
MKN@>)KJBE<K$H^B-E#,AX@?D5)K&NPY1=''(USSY3&OF<8LT1$=:`>PZUEQ0
M'!YX/WK<63#[#9WA+;BJE7'NJ?.<,B0H^_F+V1^2=#[58J4I75;B&^GK6E/4
M0D;.MD]A7:M1D^16C%[2N[7N6(T-"TH*RDJ)4HZ``')_3T!/I6PARHTZ*U+A
MOMOQGDA;;K2@I*TGL01WK/5,FXQ<K2[(GX5.:AK=7YKEKDIW">7_`!*&AU-*
M/N@Z)Y*3R:TBY^'R\BBN9OBT>T9$4AMIZXM(6R\1Z-/_`$+UO@'2AOL*V_A.
M4MXHNWI'2FWW&;$2V>[:$2%]"?MI)3^FJBY3X@L6_+K7BEI,=^>IT/7-;RM-
M0HB4E3BE*V`E73HC?'OW%5ASQXL"+G=4MLJDP&%(8@AC:GYSQ/S%*3PEOL`3
MR?3?80\G\8<AP^TL-9'CL5K(I;JGF8;;VVV8O`27%`GYR>H:'MLZ[&0QX[V9
MR1)F.--M6=A@(2DJ*I<F3H$I;;]&P-[6K0W_`&K#=?&2ZR[&Q>\7LD>3%A1?
MB+R9"E>7&4KI"&4.<=2]JV=`\?KK487X[2[CD77E*(5IL985Y0:C/.K>=ZD@
M!*AO?<^FO3O5TRS,;OD>(WF-A>,7Q]YR,M`F/Q_AD)200HMA9"UKUO02.]4B
MW76-&QEN786KOEV16J*(T+R[6XF%:E@`<(4D?.!W4>I9UZ`U+QN=XM(PJYR(
MMMN+UVE)7)>F78ALM*"=!N-'ULDI`T2$IZCV.MG51[IXGY!<L?0<2E2WX<-'
MP\J[QE,L-23PN2L<!2D]D[^YZ236*W8OXGPW+U?V[(_,S!:G&/Q67)0`ALGI
M_=F]C9(V>I6@!P!WK:V/PP\3,9Q^;-L64,HO5S:"IL9Q/4KJ"B0$O*)'5I1V
MK0Y['UJ/C>"^)%IE6MF;884V%`<$F.TU=!':$HG9??(!6ZH?V]!QQ6ZNMH\8
MY6;6^[SK?9KA&MX+D1EB668S3JDD=:@3UK*1L<\<\>HK([BWBG#S)S+U,8W>
M;B[&##:5.NM(A)U\R6P=;!]SLG9[5+P;)[S@MO;Q_P`1H+=K@1&66;?<([2W
M67`-@AQQ/4$J^GN$^M7EKQ%P1UL.)R^RA)&]*F(2?[$[JH^('B9'79_AL$N*
MKE<E2&T/N6V(J88S)WU+&AT=7'`)YY_,42-C?B5&@7?*(UTOZ$W24VP\PY'0
MY<5PA]+H3O2%CJ(Z`1H$\C7-*LU^R3PYG9)^%V9;DYYM"WID[J=?@LJ5\GG)
M2>E*SM)T?4COVJSMY[XF9)9;=:XD2].QEREB5>K;;2')#`(UY?`2D_5OMV3R
M.:LMPN/B"CQ`QN\Y'9KH;<VV\Y&M%J3YRD+Z2A/G+&D=1ZMDDZ`]N:UEZO>9
M9#E5J=O=FR6-'M]T#J[1;8*G$-MMC84IW@.J4K0X^4)WKDU]#VV4J=`CRU1)
M$4O("_(DI"7&]^B@"='[;J4:^=9GB)C>6Y\R[=3->M%FD;M5OAQ7''9D@?Z=
M83_"GI^5/?GD=ZG_`.5VP77/&IRKE.9M5J0IN)"9B.*=GON)*5+4`.$I'9)T
M=G=8Y4/,O$GQ`=G1V[=`M%@<+,<SHRW05.("NHM*UU.A*DD@Z`.ASWKTWPUP
ME&#VF5!3<W9RI+Y?62V&FT*(Y#;8V$C[;JY4J%=K7;KS!<@76"Q,B.?4T^@+
M2?OH^OW[BO/K9B60859Y]FQ)[XS\5N2W6Y4M8U:VU(2"H@DEXCIX'J=;]:PK
M\%\:D7J%=)\B7+\N.43$.+.[@Z5=1<>7O9V3](XX`[#56IWP^PIR!+M_[-6]
MN/+4%/!EH-J)!V"%)T4Z]-$:J);O##!+>ZR^SCL9Q]E8<0[(4M]84.QVLGMZ
M>U6!C';%'N4FZ,6>"W/E`A^0EA(6X#WV=<[]?>L_X3:_PU=K_#8GX>M)0J*&
M4^44GN"C6M?I6:)"APHS46'%9CQVATMM--A*4#V`'`J1JN`D#L`*YI2E*4KA
M:$K24K2%)(T01L&M;^`V/_8]O_Y9'_JIT>-'C-!J,PVRV.R&TA('Z"J=XA9%
M/@"#CF/-^9D5Y*FXJC],5`^M]?V2#Q[FIV$X?;\6L'X6E7QK[Y+DV6^G:Y;A
M[J7O>_8`DZ%6=*4I2$I``'8"N::I2L3,=AA`0RRVVD;T$)"0-_E76/#B1@H1
MHS+(4HJ5Y:`G9]^/6LX`':E*4I2E*4I2E*4I2E*4I73RV_.#OEI\SIZ>O7.M
- -[UOVKO2E*4I2E*__V3\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>21
<FILENAME>g522265.jpg
<DESCRIPTION>G522265.JPG
<TEXT>
begin 644 g522265.jpg
M_]C_X``02D9)1@`!`0$!(`$@``#_VP!#``@&!@<&!0@'!P<)"0@*#!0-#`L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+#`Q-#0T'R<Y/3@R/"XS-#+_
MVP!#`0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+__@`Y35),3%]'4D%02$E#4SI;5$]/
M5%-)15]23TQ,75127TQ)4U1%1%].65-%7TU"3%],3T=/+D504__``!$(`&,`
M60,!(@`"$0$#$0'_Q``;```"`P$!`0``````````````!P0%!@@#`O_$`$@0
M``$#`P(#!0,#$`D%``````$"`P0%!A$`(0<2,1,4(D%1%3)A<8'1"!87(S,U
M-T)24V)S=)&3H39$5(*2L;*SP20E)W*B_\0`&@$!`0`#`0$`````````````
M``,!`@0&!?_$`"@1``(!`P0"`0,%```````````!`@,1$@0%(4$Q47&!H=$3
M,F&1P?_:``P#`0`"$0,1`#\`?^C1HT`C.(U9XH1;[F1K7;JBJ8&FBV6(0<1D
MI'-A12=\Y\]+VK\2N*5#DHB5:IS83Y0'$MO1&T**23O[G3(/[M=:ZY=^J*'_
M`)#B=/O:WT_]W-`1J7>'&*M0A,IDBK2XQ44AUF&A2<CJ,A&F#!K]]T_@Q<E4
MK[LR+68SX[J[(82A802V-D\N",E7EZZNN`?X,6?VM[_,:N.,'X**_P#J4?[B
M-`<^4WB9Q-K,Y,*FUB;+DK!*6F8[:E$`9.P3Z:EU._\`BU;JFW*K+J4-*CA)
ME04)2H^FZ,'6>X;7/"L^]HM9J#;[D9E#J5)82"HE2"D8!('4^NMYQ+XO4Z^K
M?10*-2Y04\^A1=E!"2,=`D`G<GSSTSZZ`W/"/BU)O28[1JQ'914&VBZV\R"E
M+J00""GR4,@[;'T&--S2-X(<,ZC0Y[ERU@(96MDM16$K2LX41E:BDD#88`SG
M<YQIY:`-&C1H`T:-&@#7+_U1B0.(,(@;FFMY_B.:Z@TJ>)7""1?MQLU5JLM0
MTMQ4L=FJ.5DX4HYR%#\K0'MP"_!BS^UO?YC5QQ@_!17_`-2C_<1J9P[L]VQ[
M631W9J):DO+=#B6R@85C;!)]-3[RMY5UVE4*&F2(QEH2GMBCGY<*"NF1GIZZ
M`Y4X44&FW+Q!ATNK1N\0W6W2IOG4G)""1ND@]1K<<:N&=`M2@0JO0HKD4&2(
M[S7:J6D@I40KQ$D'*<=?/6NLC@>]9UXP:[[>1*1'#G,SW4H*N9"D['F/KG6Z
MOZST7Q:SE&5*$52G4.H>+?/RE)],CJ"1U\]`)SZG"NR$UFJ4);RC'<CB4VV3
MLE:5!*B!Y9"AGY!KHO2DL3@L]9%TL5EJXN\I0A;;C!B<G:)4,8SSG&^#T\M-
MO0!HT:-`+*O7K6J?7IT2.XP&67>5`4UDXP//.J]/$"OE8"I$5()W46-A\=M5
MUV?TLJ?Z_P#X&J57NJ^0Z]G0T6GE1BW!7:77\'FJNIK*I)*3\L8M9K5TT.*T
M_*GTXA[[FEMA1*NA]-NOGJKA7K<]0F-1(JHZWG3A*>Q`S\^=3N(/WGH>=_"?
M]"=9NVH(E5V"T^E]MN0I0:>:<+:DE(.2D^>,8UR:>E1EI'6G!7YZ75_P7K5*
MJK_IQD[<=^RSDWS<L22[&?7'0ZTHH6GL0<$?/KS^R#<'YV/_``!].OIJVT3K
MDJ\)E8==C*RTT^\07=]R5`9./^=75LTOV1>`BNP5,.+A%>5/=HG/,,\IQN.G
M7!&E26CA!M4TY)7MPNKB"U,I?O:5[=E']D&X/SL;^`/IT?9!N#\[&_@#Z=>=
MOT!FOU6<I94S%C`K4@+RI1R<#FQL-CJ/(I<!ZE0GHLAANH.O!IR('PYL3A*A
MY^F=7QT6>#IJ_%^/%^266IQRS=OGT7M#NNX:W44P438K+JP2@JB\P.!D]#MJ
M+-OBX84^1$5(C+4RXILJ#&`<'&>NI],I<2AW_!IS:'%N(9YR^5[J44*SX>@'
M\]9"O?TAJ7[4Y_J.I4*6GJUVE!8XIKA>RE6I6A2NY.]VO++@\0K@"2>UC=/S
M`^G3&]H2/RD_X=)!7NGY-.77-NNGI4\,(I>?\*Z&M4GEE)OP82Y:%5Y-RU!]
MBFRG&EO92M+9(4,#IJK1;=:"TE=&F+1GQ)[,C(],^6M57.(U9I5<F0(]N4V0
MRPYR)==N",PI8P-RA6Z>O0ZU-I7"[<E',N3%CQ)*'5-N,,36Y03YCQH.-P0<
M==<\-ZJP@H**X5NR\]LA*3ED^3&U5RM5EB*S+M:3V<;[F$*6G;`&^WPU\(-;
M:J5/ELVN\TF`V6V64A?*,D[D]3U.IU.XAU2;?7L%RF4E$;O3K';(K#*W<)YL
M'L@>;/AW'4;^FJT\4Z[$KHI]3HE$BI;D!J0HUYCG;3S8*N0D'.-\'!U%;BE'
M%4U;GN7?GLJ]$V[YN_PNOH?#[%:DS)TARVI/_6*2M7+SA2%)SNA7EU^.I$!Z
MYH%3CRT428ZAAE3"&WN91Y5'))4?//T:W]Q5<4.W9U3"65*CM%2$O/):0M71
M(*U;)!)`R?76-M+B!5[AK/=I5-HS$-ME3TA^-66I*FDCIE*>@SYG;67N5UBZ
M:M]?5O?HPM#9W4W]ODJX"+DIM1>E1*"\VT\CLW&"VHI4G?J>N=SOJ&JWZVAK
MLXM"DL^(+*RH+7MT&=L`==OGUI*5?%8O>;+%GQ(3=*B.=BNIU$+4'5^C;:""
M1C!R2.HU(J=UW!9T=4RY:7'FTM/OSJ0%!3/ISLK.0/T@HX\];+=I)W4%]^O'
M?)J]OBU9R?V*OFN<UEBKJMY2YS;8;*U9Y5#!&>7.QWU33[?K\^>_+-$?;4\L
MK4E.XR=SU.MQ&NZ3,X9(NEJ/%:D.1>W2T^]R-`YP`I9Z#XZP8XOU_!^TV@,>
M1KB/IUBGNLJ;RA!+BW?C^S,]OC-6E)^^OP>1M2OE)_[3)Z>@^G33[I(_,JUB
MK8XDU>MW)"ITE-LAI]2@KNE5#KN`DGPI\^G[M-'/R:EJMQJ:FV22L4H:*%&]
MF^1%UNFM57B)4HJ%0>V=D+2GM+73(\01D9>4,'IUU><*JBAFJ2::EP%$AKM4
MI:M[V>A*D]<J&RC@_P`M1TOO?9A4WWA8;[_CLC<J`#X?[+U_NZBOE-K<2"5+
M0&D2PXE<NZ4M\K;G4]W7C(`4<)^'77SSL"C*`XNJ3V:?OB_XOK9;;/X_]9&_
M][J?GU*XJT(1JJU5&&V>2<GLG`BW&9[G:@>\5'"AE.!OGW=1:.^V>+RFPJ.3
M[0?&UPEQ7X_]7S_\^7S::-UTCVW;<N&D+4[R<[01(4R2M.Z05IW`)V/P.@%_
M<];D53AQ18^*B9,I6'S];PD*4&ME%4=1Y495RD?RU6&E/4;@A<M20!WJ:RI(
M5[);@.):"@@A2$;^:SN?/65IR5U2H1*:V8BB\\$)0B[E+4"H@'"0K).W3X:Z
M#G0Z3&MIR!4%--TH1Q&<[PYA/9D<F"H^N0,^N@.;^$O%J)9$&31ZO%?<@NO=
MLV['`*FU$`$%)(R-@=CD;]<Z<L/BG85TM.4LU=I/>D%I34MM304%#!&5#E\_
M72:N;@#<].GNFAI;J<$J):^VI0ZE/HH*P"?B#O\`#6!KEF7);38<J]&EQ&B<
M!U:,HSZ<PR/YZ`ZB%'FT'@N:2^%F7%@EL]VCIE*)YMN5M6`O;&QUBN'L-RHW
M6W'JL.?(B]@X2B?:\>*T2,8)<!)SZ;;Z\>'-Q/UG@I<$"H.M.^S1V3:I+ZFT
MAI0!2E2T^(`$*&?3`U0TVDL5Z:(5)I=#F2BDJ[)NXY*B0.IQD=-`=#1K>HD.
M0B1%H]/8>0<H<:BH2I)^!`R-6>DQ9U@UVDW;3I\NW*?%896HJ>:JK[JD92H;
M)4L@]<;C3FQH!-Y2.,Q`:3DS_>^MU!/N_P!ISG^]JTXJT?FDP*HVSSE251W`
MW;S527^4DGF(4D#Q#J1OJU$>S%W,]6#4Y*9[#Y6XAR8\EL+&`1V9(2<<R=@/
M,:L:_+M>X*''9JDPIARE%UA06XPI1;W)21@[#?XC0"TLYJ0[?M/EO=_4XMY2
MEJ=M!J("2A627@2I/R^?3ST]%_<S\GII8T:D\.:-4XM5AS93<ALE3)D29&%9
M2K<)7[PPE6-CTUM9-UT2,\]&>G`/-**'&DMK4M)`R<@`GIDYZ8!/0$Z`25JQ
MI*;SI),:II2)B"2NSH\=(W\W0<H'Z0Z::W%5/-PNN`'RBD_N4#K/TR@<.(%;
MC2(<N49S,D=BE4N0OG<"CLE)V7N#TR#@^AUJJW5[;JL>=0:BXZ\VIQ,60TVR
MZKQ*P0G*4^>WGH"+PXOJ%>UML/(=2*BP@(F,9\2%@8YL?DJZ@_-U&K"^UT]N
MQ*XJI\G=.Y.!87C<\IY0/CS8Q\<:S=1IE@5.4W,90Y!GH3E$NF-NQWD-X'C)
M0D?:R",*4"DYV.ANCV<M%-F5&IU.O(?=/<>_/O2D.+3U4EL#E5\N"/30&2X<
M6W4*+P5K4M]B2)%3!?99:C)?<[,`!)#:ME$[G!\L:BVY5YUN5I%051+KG)#:
MD]B;;CQLY\^=!S].FG4:[:U=HDB)+>5(IDB.2\I#;H0&\D>):0.7=*AU&Z3Z
M:QSUE\(FU)#C"#D)Y3WR04X+I:!SS8QS@CT\^F^@-!1N)#U6K$6`JSKDAA]?
M)WB3%"6V]B<J.=AMK=9^!TJJ=1.%U!GQ:O!AOM/LN)5'>YI*@I:AT2"<$C.X
M\L[Z:7.CT/[M`9NHVU1YDA]Z1"2XXIU3G,I:LI4HM!13OX<A"1MCI\3GR@VU
M2*E;L&--AA]ECG[)*UJ\'B!V.<Y\(T:-`?<:S:`I,92Z>E9BKPP5N+5R`.)6
M`,GH%(2?WCH3F96*'3I7;R76%=NM;94XAU:%'`*.J2/Q5J'Q!T:-`>`LVWVW
MT.HIK:'&B5-J0M22A7.5<PP=E9)WZ@;=-M2OK?ICE6DRUQU*?4XTX5%U?5*N
M=.V<`!0SCIHT:`AHM&BC"1%<`*E-'$EW=L#`;/BW0,#"/='D-2C:E%+,-I,,
MMMQ'%.1TM/+;[)2A@\O*H8'PZ:-&@/A-G4!L!I%/"6BD@MI=6$$;]4YP?>4=
M^A43YG7VJS[>6YVJJ5'*RLN$D'J<Y'7W=SX>GPT:-`>*K#ME00/9:0&PGL^5
:UP<F``.7"MCX1DCKC?.K[L4?I?XCHT:`_]D_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>22
<FILENAME>g104674.jpg
<DESCRIPTION>G104674.JPG
<TEXT>
begin 644 g104674.jpg
M_]C_X``02D9)1@`!`0$`2`!(``#__@!'35),3%]&3TY44SI;1D].5%-?3$]'
M3UU!34524DE,3$Q/1T\N4%-4"D9O;G0@4VEZ93H@,3@@("`@(%-T<FEN9SH@
M*$TI_]L`0P`'!08&!@4'!@8&"`@'"0L2#`L*"@L7$!$-$AL7'!P:%QH9'2$J
M)!T?*"`9&B4R)2@L+2\P+QTC-#@T+C<J+B\N_\``"P@`#@`.`0$1`/_$`!4`
M`0$```````````````````0"_\0`(1```00"`@,!`0```````````0(#!`4&
M$1(A``<346'_V@`(`0$``#\`)EF9,Y`;F_RB#82L-1RCT4-M2FX\R2DZY.K0
M0=]$C?6MZ['=QO8<O!V8MM1U5@Y@=BT6X#$]X+^+Z"`L((*E)1TK25'L[(UK
MQ7N!EK"JN75RJB%<4\]<AVK^[JDN5;CH/,)3Q(4`L\DG8(WK^^*P;'XGL_%H
?L=R&S18Y`4=1(#I+DB5Q2DNK)&D@)!T!LDK))_?_V3\_
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
