<SEC-DOCUMENT>0000930413-13-000117.txt : 20130108
<SEC-HEADER>0000930413-13-000117.hdr.sgml : 20130108
<ACCEPTANCE-DATETIME>20130108164705
ACCESSION NUMBER:		0000930413-13-000117
CONFORMED SUBMISSION TYPE:	N-CSR
PUBLIC DOCUMENT COUNT:		15
CONFORMED PERIOD OF REPORT:	20121031
FILED AS OF DATE:		20130108
DATE AS OF CHANGE:		20130108
EFFECTIVENESS DATE:		20130108

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ALPINE TOTAL DYNAMIC DIVIDEND FUND
		CENTRAL INDEX KEY:			0001379400
		IRS NUMBER:				205785181
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		N-CSR
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-21980
		FILM NUMBER:		13518719

	BUSINESS ADDRESS:	
		STREET 1:		2500 WESTCHESTER AVE., SUITE 215
		CITY:			PURCHASE
		STATE:			NY
		ZIP:			10577
		BUSINESS PHONE:		303-623-2577

	MAIL ADDRESS:	
		STREET 1:		C/O ALPS MUTUAL FUND SERVICES, INC.
		STREET 2:		1625 BRAODWAY, SUITE 2200
		CITY:			DENVER
		STATE:			CO
		ZIP:			80202
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-CSR
<SEQUENCE>1
<FILENAME>c71227_n-csr.htm
<TEXT>
<HTML>
<HEAD><TITLE></TITLE></HEAD>
<BODY>

<P ALIGN=CENTER><FONT SIZE=4>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
<FONT SIZE=3>Washington,
D.C. 20549</FONT></FONT></P>

<P ALIGN=CENTER><FONT SIZE=5><B>FORM N-CSR</B></FONT></P>

<P ALIGN=CENTER><FONT SIZE=3><B>CERTIFIED
SHAREHOLDER REPORT OF REGISTERED<BR>
MANAGEMENT INVESTMENT COMPANIES</B></FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>Investment Company
Act File number: 811-21980</FONT></P>

<HR SIZE=1 WIDTH="40%" NOSHADE COLOR=BLACK ALIGN=CENTER>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="100%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=6><B>Alpine Total Dynamic Dividend Fund</B></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>(Exact name of
 registrant as specified in charter)</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2><B>Alpine
 Woods Capital Investors, LLC<BR>
 2500 Westchester Avenue, Suite 215<BR>
 Purchase, New York, 10577</B></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>(Address of principal
 executive offices)(Zip code)</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="50%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="50%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>(Name
 and Address of Agent for Service)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>Copy
 to:</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>Samuel A. Lieber</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>Rose DiMartino</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>Alpine Woods Capital Investors, LLC</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>Willkie Farr &amp; Gallagher, LLP</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>2500 Westchester Avenue, Suite 215</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>787
 7<SUP>th</SUP> Avenue, 40<SUP>th</SUP> Floor</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>Purchase, New York, 10577</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>New
 York, New York 10019</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2>(914) 251-0880</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=CENTER><FONT SIZE=2>Registrant&#146;s telephone
number, including area code: (914)
251-0880</FONT></P>

<P><FONT SIZE=2>Date of fiscal year end: October 31, 2012</FONT></P>

<P><FONT SIZE=2>Date of reporting period: November 1, 2011 &#150; October
31, 2012</FONT></P>

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


<P><FONT SIZE="2"><U><B>Item 1: Shareholder Report</B></U> </FONT> </P>


<CENTER>

<DIV style="POSITION: relative; WIDTH: 650px; HEIGHT: 847px; TOP: 0px; LEFT: 0px">
<P style="POSITION: absolute; TOP: 0px; LEFT: 0px"><IMG alt="(FRONT COVER)" src="c71227001_v1.jpg"></P>

<P style="POSITION: absolute; TEXT-ALIGN: left;PADDING-BOTTOM: 0in; PADDING-LEFT: 0.1in; WIDTH: 500px; PADDING-RIGHT: 0.1in; HEIGHT: 9px; TOP: 75px; PADDING-TOP: 0in; LEFT:75px">
<FONT style="COLOR: white; FONT-SIZE: 24pt">T<SMALL>OTAL</SMALL> D<SMALL>YNAMIC</SMALL> D<SMALL>IVIDEND</SMALL> F<SMALL>UND</SMALL></FONT></P>

<P style="POSITION: absolute; TEXT-ALIGN: left; PADDING-BOTTOM: 0in; PADDING-LEFT: 0.1in; WIDTH: 300px; PADDING-RIGHT: 0.1in; HEIGHT: 9px; TOP: 696px; PADDING-TOP: 0in; LEFT: 259px">
<FONT face=arial style="COLOR: white; FONT-SIZE: 16pt">October 31,</FONT></P>

<P style="POSITION: absolute; TEXT-ALIGN: left; PADDING-BOTTOM: 0in; PADDING-LEFT: 0.1in; WIDTH: 300px; PADDING-RIGHT: 0.1in; HEIGHT: 9px; TOP: 728px; PADDING-TOP: 0in; LEFT: 280px">
<FONT style="COLOR: white; FONT-SIZE: 24pt" face=arial>2012</FONT></P>

<P style="POSITION: absolute; TEXT-ALIGN: left; PADDING-BOTTOM: 0in; PADDING-LEFT: 0.1in; WIDTH: 300px; PADDING-RIGHT: 0.1in; HEIGHT: 9px; TOP: 780px; PADDING-TOP: 0in; LEFT: 248px">
<FONT style="COLOR: white; FONT-SIZE: 16pt" face=arial>Annual Report</FONT></P></DIV>


</CENTER>
<BR>
<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4><P ALIGN=LEFT STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE="4" COLOR="#00529B">TABLE</FONT> <FONT SIZE="3" COLOR="#00529B">OF</FONT> <FONT SIZE="4" COLOR="#00529B">CONTENTS </FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="60%" align=center>
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="8%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="75%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="16%" VALIGN=TOP>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 </TR>
 <TR>
<TD VALIGN=TOP STYLE="BORDER-LEFT:SOLID BLACK 1PX">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=3 FACE=ARIAL COLOR="#00529B"><A HREF="#c71227a001_v1">Alpine View</A></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=3  FACE=ARIAL>1</FONT></P>
 </TD>
 </TR>
 <TR>
<TD VALIGN=TOP STYLE="BORDER-LEFT:SOLID BLACK 1PX">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
<TD VALIGN=TOP STYLE="BORDER-LEFT:SOLID BLACK 1PX">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=3 FACE=ARIAL COLOR="#00529B"><A HREF="#c71227a002_v1">Manager Commentary</A></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=3  FACE=ARIAL>5</FONT></P>
 </TD>
 </TR>
 <TR>
<TD VALIGN=TOP STYLE="BORDER-LEFT:SOLID BLACK 1PX">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
<TD VALIGN=TOP STYLE="BORDER-LEFT:SOLID BLACK 1PX">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=3 FACE=ARIAL COLOR="#00529B"><A HREF="#c71227a003_v1">Report of
 Independent Registered <BR>
 Public Accounting Firm</A></FONT></P>
 </TD>
<TD VALIGN=bottom>
 <P ALIGN=RIGHT><FONT SIZE=3  FACE=ARIAL>11</FONT></P>
 </TD>
 </TR>
 <TR>
<TD VALIGN=TOP STYLE="BORDER-LEFT:SOLID BLACK 1PX">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
<TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
<TD VALIGN=TOP STYLE="BORDER-LEFT:SOLID BLACK 1PX">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=3 FACE=ARIAL COLOR="#00529B"><A HREF="#c71227a004_v1">Schedule of
 Portfolio Investments</A></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=3  FACE=ARIAL>12</FONT></P>
 </TD>
 </TR>
 <TR>
<TD VALIGN=TOP STYLE="BORDER-LEFT:SOLID BLACK 1PX">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
<TD VALIGN=TOP STYLE="BORDER-LEFT:SOLID BLACK 1PX">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=3 FACE=ARIAL COLOR="#00529B"><A HREF="#c71227a005_v1">Statement of Assets
 and Liabilities</A></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=3  FACE=ARIAL>14</FONT></P>
 </TD>
 </TR>
 <TR>
<TD VALIGN=TOP STYLE="BORDER-LEFT:SOLID BLACK 1PX">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
<TD VALIGN=TOP STYLE="BORDER-LEFT:SOLID BLACK 1PX">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=3 FACE=ARIAL COLOR="#00529B"><A HREF="#c71227a006_v1">Statement of
 Operations</A></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=3  FACE=ARIAL>15</FONT></P>
 </TD>
 </TR>
 <TR>
<TD VALIGN=TOP STYLE="BORDER-LEFT:SOLID BLACK 1PX">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
<TD VALIGN=TOP STYLE="BORDER-LEFT:SOLID BLACK 1PX">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=3 FACE=ARIAL COLOR="#00529B"><A HREF="#c71227a007_v1">Statements of
 Changes in Net Assets</A></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=3  FACE=ARIAL>16</FONT></P>
 </TD>
 </TR>
 <TR>
<TD VALIGN=TOP STYLE="BORDER-LEFT:SOLID BLACK 1PX">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
<TD VALIGN=TOP STYLE="BORDER-LEFT:SOLID BLACK 1PX">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=3 FACE=ARIAL COLOR="#00529B"><A HREF="#c71227a008_v1">Financial
 Highlights</A></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=3  FACE=ARIAL>17</FONT></P>
 </TD>
 </TR>
 <TR>
<TD VALIGN=TOP STYLE="BORDER-LEFT:SOLID BLACK 1PX">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
<TD VALIGN=TOP STYLE="BORDER-LEFT:SOLID BLACK 1PX">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=3 FACE=ARIAL COLOR="#00529B"><A HREF="#c71227a009_v1">Notes to Financial
 Statements</A></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=3  FACE=ARIAL>18</FONT></P>
 </TD>
 </TR>
 <TR>
<TD VALIGN=TOP STYLE="BORDER-LEFT:SOLID BLACK 1PX">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
<TD VALIGN=TOP STYLE="BORDER-LEFT:SOLID BLACK 1PX">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=3 FACE=ARIAL COLOR="#00529B"><A HREF="#c71227a010_v1">Additional
 Information</A></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=3  FACE=ARIAL>23</FONT></P>
 </TD>
 </TR>
</TABLE>
<BR>
<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="23%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="76%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD ROWSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1><img src="c71227002_v1.jpg" alt="(ALPINE LOGO)"></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=3>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=TOP>

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>



<BR>

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

<BR>


<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="50%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="50%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1><img src="c71227003_v1.jpg" alt="(ALPINE LOGO)"></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=4>A<A  NAME="c71227a001_v1"></A>lpine View</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2 >October 31, 2012</FONT></P>
 </TD>
 </TR>
</TABLE>
<BR>
<DIV STYLE="POSITION:RELATIVE; FLOAT:LEFT; WIDTH:48%">
<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>Dear Investors:</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>Two thousand and twelve has been a difficult and complex year for
investors, although it has provided mostly positive returns in the capital
markets. We are looking forward to 2013 with increased confidence, even though
it will likely bring forth new challenges. Five years after the peak of the
debt-fueled coda to the post-cold war expansion, the developed economies of the
world are finally beginning to address economic imbalances derived from
societal priorities and economic constructs which were set during the prior two
generations. This contrasts with many emerging market countries which are just
now tackling issues of social equity, government services and personal choice,
making them relatively unburdened by both such history and debt.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>Central bankers around the world have stabilized the global economy and
now politicians and policy makers must come to grips with the realities of a
rapidly globalized world, via instant communication, next-day delivery and
&#145;just in time&#146; production. Whether you are in Stockholm or Sydney, Saskatoon or
Sao Paolo, we are now interconnected at unprecedented levels with consequences
we may not fully understand. Our rapidly evolving world can be both exciting
and scary, as well as profitable and problematic, but at Alpine we believe one
can now look ahead with greater clarity to navigate both potential difficulties
as well as opportunities.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL><B>Where Are We Now?</B></FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>We still have to get past the &#147;fiscal cliff&#148;, which we hope will be
concluded by the time you read this letter. This point in time signifies a
potential crossroads, perhaps substantive, representing the country&#146;s hope that
our government can build upon mutual interests and address significant
challenges thorough compromise. So, if the &#147;fiscal cliff&#148; has not been bridged by
the time you read this, the stock markets may suffer more disappointment and
volatility, and deeper questions could arise concerning our political process.
However, we are confident that politicians realize that this era of political
polarization has been costly to the economy and to their party, and if
continued, will be costly to their careers. In similar fashion, we believe the
game of &#145;chicken&#146; that is playing out in European capitals between the &#145;haves&#146;
and the &#145;have nots&#146; will result in a Eurozone where mutual fiscal
responsibility will be rewarded with financial stability. The cost, however,
has already been high in terms of unemployment and the earning power of the EU
as a whole. We believe that the visible risks to economic and political
stability, played out in both the media and the markets over the past few
years, are finally in the process of being addressed. That is not to say that
we can sound the &#147;all-clear&#148; and achieve &#147;smooth sailing&#148; in future years,
since many structural problems remain, and no agreements have been finalized.
Nonetheless, we are optimistic that the next five years have the potential to
land most of us in a better place than we are today.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>Since the depths of the &#147;Global Financial Crisis&#148; of late 2008 into
early 2009, markets and individuals have continued to focus on jobs and debt.
In the U.S., unemployment in 2009 rose above 10%, </FONT></P>


</DIV>

<DIV STYLE="POSITION:RELATIVE; FLOAT:RIGHT; WIDTH:48%">

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>approaching the peak of the 1982 recession. Today, unemployment is 7.7%
and has averaged 8.2% over the past five years, similar to the 8.4% average
over five years ended April, 1985. However, in the context of the prior period
of ten years, from October, 1997 to October, 2007, the average unemployment
rate was 4.9% compared to 6.3% over the period from 1970 to 1980, which makes
this recovery feel muted. There is another contextual explanation for this weak
recovery. The Federal Reserve engineered the 1980/1982 downturn, pushing
10-Year Treasury bonds to 15.84% in September, 1981. Within a year, the yield
was down by almost one-third to 11% and the seeds of recovery were sown,
falling to 7.51% by year five, even though the average over that period was
11.30%. From the recent peak of 5.30%, in June, 2007, rates declined by
one-fifth to 4.27% in a year and to 1.69% by October 31, 2002, averaging 3.14%
over this period. Notably, this level represents a proportionately greater
decline than the 1981-1986 period, but the comparative impact on borrowers,
lenders and savers, has been weak. As measured by GDP, the 1981-86 period
produced an average of 3.4% annual growth while the past five years average is
0.7%.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL><B>Hurricane Sandy And The &#147;Big Easy&#148;</B></FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>Hurricane Sandy hammered the northeast coast of the U.S. about seven
years after Hurricane Katrina devastated New Orleans and the Gulf Coast. The
surging flood waters of both Sandy and Katrina laid bare the weaknesses of our
infrastructure as well as our helplessness before Mother Nature&#146;s fury.
However, large differences in the geography, existing infrastructure, the scale
of the storms as well as our capacity to cope with the disasters, suggest
different legacies. Sandy affected roughly 60 million people, with 8.5 million
losing power, compared to about three million with Katrina. However, Sandy
damaged about 305,000 homes while Katrina damaged about 1.2 million. To date,
Sandy has left behind a repair bill in excess of $60 billion in New York and
New Jersey alone, with total costs expected to exceed $100 billion across 16
states, compared with $125 billion for Katrina. Fundamentally, our preparedness
and ability to react to the storm was decidedly different. For Sandy, pre-storm
warnings and preparation were effective, and FEMA&#146;s strong and immediate
post-storm response won praise from most corners. Further, President Obama,
Governors Christie (NJ) and Cuomo (NY) and NYC Mayor Bloomberg provided
encouraging messages that the repairs and rebuilding will swiftly commence, so
consumer confidence remains quite strong. In contrast, when Katrina struck, the
slower and less adequate response caused confidence to plummet as some people
questioned our government&#146;s ability to care for and protect its citizens. In
2005, our economy was still booming, while now it is certainly weaker. Our
financial situation poses constraints well beyond typical concerns over the
viability and costs of building defenses against the next great potential
storm. We should take heart and gain confidence as initial discussion from
government officials on reconstruction efforts is not centered on band-aid-like
solutions, but on investing in R&amp;D, technical capabilities and physical
infrastructure which may yield unforeseen future returns on investment.</FONT></P>

</DIV>

<BR CLEAR=ALL><BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="87%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="12%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Annual Report | October 31,
 2012</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2>1</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

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

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="50%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="50%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=4>Alpine View (continued)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN="RIGHT"><FONT SIZE=1><img src="c71227003_v1.jpg" alt="(ALPINE LOGO)"></FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>October 31, 2012</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>


<BR>

<DIV STYLE="POSITION:RELATIVE; FLOAT:LEFT; WIDTH:48%">

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>In a similar fashion, there has been much debate over where and how much
to spend on repairing and building new defenses against the next financial
storm that may hit our economy. The relative effectiveness of stimulus packages
since 2008 &#150; whether they were too small or properly apportioned &#150; have been difficult
to measure in a vacuum. Unfortunately, polarized politics intruded upon what
should have been a bipartisan discussion of how to design and allocate support
for growing better jobs and the economy. Meanwhile, America has spent over $1.4
trillion on wars since 2001, raising our debt and starving the government of
much needed funds. As a result, we are now experiencing the slowest recovery to
prior peak levels of wealth since the Great Depression.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>To date, the main job of stabilizing the economy has fallen on the
Federal Reserve, since neither Wall Street, the public sector, nor academia
have come up with a plan to restructure or replace the broken credit delivery
mechanisms which have carried over from the prior period. The goal of new
lending should be to stimulate growth of the money supply, which could fuel
both transaction volumes and new investment. So far, however, neither banks nor
corporations are taking the plunge as monetary velocity (Gross Domestic Product
&divide; Money Supply) remains at 50 year lows of 1.55 which compares with 1.91 in
2007, according to Bloomberg.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>Wall Street&#146;s securitization machine can no longer practice the alchemy
of utilizing short- and medium- term funding for long term assets, or a pooling
of mixed-quality assets, to create a higher rating or valuation in aggregate
than if valued individually. Perhaps a basic flaw in the system was that the
credit delivery mechanism had also become the hub of the debt capital creation
process. In its place, central bankers from around the world have sought to
create debt capacity by reducing interest rates and acquiring illiquid assets
or poorly performing debt of countries, corporations and even the equities of
REITs (<I>e.g.</I>, Japan), in order to
provide liquidity to the marketplace. These actions by central banks also
instilled confidence that there would be a bid, if not an explicit floor,
underneath asset prices. Indeed, these measures, known broadly as quantitative
easing (QE), have lifted equity valuations as well as high-yield bond prices in
the U.S., Europe, England and Japan as central bankers seek to stave off
deflationary impulses. With a nod to New Orleans, which was stabilized after
Katrina by the funding of major repairs and has further benefited from direct
investment to resume growth, we refer to this global action by central bankers
as &#145;the Big Easy.&#146; Liquidity continues to flow from the B.O.E. (England),
B.O.J. (Japan), E.C.B. (European Central Bank), and Federal Reserve through
both domestic banking systems and capital markets. It is Alpine&#146;s view that
&#145;the Big Easy&#146; is buying time for the world&#146;s developed economies to redesign
the domestic economic and societal priorities which have been shaped by the
political debate and policy initiatives over the past many years.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL><B>Next Gen Mods Needed</B></FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>What worked in the 1950&#146;s, 1960&#146;s and 1970&#146;s, when our structures,
mechanisms or policies were put in place, may no longer be essential, desirable
or viable. Prioritization is often motivated by expediency, </FONT></P>

</DIV>

<DIV STYLE="POSITION:RELATIVE; FLOAT:RIGHT; WIDTH:48%">

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>which in this case is driven by budget constraints. The reduction in tax
receipts due to reduced investment, asset deflation and unemployment hit at the
same time as a rise in payouts for food relief, unemployment insurance and
healthcare costs, are exacerbating the problem. This has impacted American,
European and Japanese economies alike over the past few years. For these
reasons, we think that political pressures are combining with the deadline of
elections, like the one we just experienced, to make governments accountable for
their actions, (or lack thereof), as we prepare for the future knowing that we
can no longer push these issues down the road.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>Hopefully, the challenges we&#146;re facing will provoke an honest and
fundamental debate over the nature and scope of government activities,
including healthcare, entitlements and pensions as well as may be what the
trade-offs or benefits of budgetary actions. Europe and Japan will face the
same issues &#150; to promote competitive cost structures through labor reform and
cost savings as well as to make focused investments in essential services and
infrastructure. This should be considered in terms of who pays and who
provides, be it from the household sector, the business sector or by way of
government control or supervision. Alpine believes that the most competitive
options may offer a combination of corporate and individual entrepreneurship in
partnership with differing levels of cooperation and control. Furthermore, if
there is to be either austerity or stimulus for any country, then it should be
decided after conducting an honest debate to reset priorities and voters&#146;
expectations.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL><B>Debt Deleveraging</B></FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>Fiscal austerity or stimulus should not be considered in absolute terms.
Rather, either approach should be considered relative to debt and equity
levels, projected income and asset growth, the expected duration and velocity,
as well as competitive factors. However, in a case like Greece &#150; where the
lender wants either to exit or reduce exposure &#150; austerity may be the only
mechanism to deleverage immediately and severely, accepting the impact of high
unemployment (23.6% for Greece as of 09/30/2012) business failures and a
collapse in standards of living.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>Few countries have high debt-to-GDP levels like Greece, so some latitude
exists as to how severe or protracted or even delayed the course of
deleveraging could take. Countries capable of 4% to 6% GDP growth might be able
to outgrow debt to GDP levels that are over 75%. Demographics are also a factor
as countries with aging populations, like Japan, may face costs rising faster
than income, which could deplete accumulated wealth over time. This is
especially worrisome if those countries (like Japan) must finance very high
deficits.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>Greek sovereign debt solvency was the great market fear for the past three
years. Now that the ECB, with backing from Germany, has been able to reassure
markets that Greece will not be forced out of the EU currency, the entire
region has been forced to reassess issues of national sovereignty, in light of
budgetary restraints, social contracts</FONT></P>

</DIV>

<BR CLEAR=ALL><BR>


<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="100%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>2</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

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

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="50%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="50%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1><img src="c71227003_v1.jpg" alt="(ALPINE LOGO)"></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=4>Alpine
 View (continued)</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2 >October 31, 2012</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>


<DIV STYLE="POSITION:RELATIVE; FLOAT:LEFT; WIDTH:48%">

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>and economic progress. These weak economies have put some pressure on
European corporate earnings, which may decline further as the regional
recession lingers. Fortunately, many companies have reduced debt levels like
their American counterparts. Nevertheless, Alpine expects more European
companies will belatedly follow the U.S. lead from 2009-2012 by issuing more
equity to deleverage, as well as for selective mergers and acquisitions.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>Across much of the globe, household deleveraging has been accomplished,
although the U.S. still lags for structural reasons. U.S. household debt as a
percentage of personal income has fallen from over 114% in September, 2009 to
97% this past June. This compares with the pre-2000 (Y2K) level of under 79%,
putting us halfway there. If the declining trend in personal income actually
improves, complete recovery should hasten.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>In Europe and Australia, most home mortgages pay floating interest
rates, so if rates fall by half, then so does the monthly carrying cost, adding
to disposable income or to savings. In the U.S., fixed-rate mortgages require a
refinancing process to capture lower rates. Unfortunately, some 12 million
homes have mortgages that are worth more than their depreciated values, so
people cannot refinance without paying down the mortgage. This &#145;negative
equity&#146; is constraining consumption and jobs mobility. Indeed this situation
heightens the economic and social importance of the nascent housing recovery.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>It is worth noting that total existing home sales in the U.S. are still
33% (according to National Association of Realtors) below the September, 2005
peak (just after Katrina!). National median home prices fell by over 59% when
measured by a less volatile 12-month moving average, and have only recovered by
8.6% this year. although some markets such as Phoenix and parts of Southern
California, are up over +20% year-over-year, in part due to aggressive
institutional investors seeking to accumulate rental homes. New home sales have
grown nicely off a much lower volume level, with total sales still -73% below
the July, 2005 peak, as builders&#146; new home prices could not compete with
foreclosed inventory over the past few years. Alpine believes that the
strengthening home sales market will draw more housing investment once
stringent mortgage lending rules are eased, permitting entry level buyers back
into the market.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>Similarly, car sales have been improving. Manufacturers are projecting
continued strong demand based on the historically high average age of
automobiles &#150; over 11 years old &#150; on the road. This pattern of slowly
strengthening consumption and a slowly improving jobs market should reinforce
one another, although high student loan debt, and higher unemployment for those
under 25, could limit the buying patterns of this important demographic in the
U.S.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL><B>Your Choice: Deflation Or Inflation</B></FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>The mood of the marketplace is generally influenced by bouts of excess
exuberance or pervasive pessimism, typically occurring at peaks or troughs in
market sentiment. If mutual fund flows are to be a guide as to market
sentiment, then it is clear that the extreme </FONT></P>

</DIV>

<DIV STYLE="POSITION:RELATIVE; FLOAT:RIGHT; WIDTH:48%">

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>risk-off mentality from 2008 through this year has continued, albeit in
more muted fashion. Equity funds continued to suffer redemptions, while bond
funds continued to see strong flows, although it should be noted that
high-yield bonds (formerly known as &#147;junk bonds&#148;) have received the lion&#146;s
share of new fund flows. . This pattern of reduced risk aversion is in contrast
to the decade from 1996 through 2006, when approximately $1.5 trillion flowed
into equity mutual funds, roughly six times the amount that was invested in
bond funds. Over the last five years, approximately $400 billion has been
redeemed from equity funds, while $750 billion has flowed into bond funds.
Given the historic low level of bond yields and the main monetary focus of
central banks on what Alpine refers to as &#145;the Big Easy&#146;, this trend could last
a bit longer, until the weight of money tips the scales too far. Since
quantitative easing competitively reduces yield and theoretically crowds
investors out of the bond market, investor sentiment may, at a point,
dramatically shift new allocations back towards equities.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>While the depressive conditions will likely affect one-third (Europe and
Japan) of the global economy for possibly several years, another quarter (the
U.S.) of the global economy appears on the mend. Meanwhile, much of the rest of
the world is increasingly focused on domestic economic issues. Food and energy
are among the most basic economic needs, which are now cheaper as a result of
the slow global economy.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>The cyclical supply and demand imbalance of energy and resources has had
a negative effect on producers of these resources. Thus, the GDP growth of
major energy and resource suppliers such as Brazil, Indonesia, Norway, Russia,
Saudi Arabia, South Africa, Australia and North America have progressively
slowed as the year has unfolded. On the other hand, this has been a benefit for
consuming countries such as Japan, China, India, most of Europe, as well as the
U.S. Since the U.S. and China will likely remain the dominant drivers of global
economic activity over the next few years, we would expect this current energy
pricing benefit to translate into near-term growth, which could produce a
gradual expansion of demand for energy and resources. Thus, we believe the
recent decline is near a cyclical trough, although growth similar to that
achieved in 2005-2007 may be several years delayed.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>Instead of commodities, the key future driver of emerging economies is
the trend of rising global household wealth, whether measured in GDP or in
household income. We believe the past decade&#146;s trend should continue, with
rising growth on the margin in Latin America, the ASEAN countries, and even
Africa. Alpine sees a continued expansion and ascension of the middle class
population across the world. As wages rise in tandem with both increased
productivity and favorable demographics, supported by the traditional pattern
of low cost production fueling industrialization, we expect greater need for
new infrastructure as urbanization expands both scale and capacity. From there,
basic production begins to shift toward value-added products, stimulating more
middle class service jobs, supporting a growing pattern of domestic
consumption. This pattern of urbanization and consumption promotes higher
incomes and prices</FONT></P>

</DIV>

<BR CLEAR=ALL><BR>


<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="87%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="12%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Annual Report | October 31,
 2012</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2>3</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

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

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="50%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="50%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=4>Alpine View (continued)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN="RIGHT"><FONT SIZE=1><img src="c71227003_v1.jpg" alt="(ALPINE LOGO)"></FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>October 31, 2012</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<DIV STYLE="POSITION:RELATIVE; FLOAT:LEFT; WIDTH:48%">

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>(inflation). Such a combination of enhanced productivity and supportive
demographic characteristics are most prevalent in countries such as China and
Brazil, while it is already relatively mature in countries such as Singapore,
Hong Kong, the Czech Republic and Turkey, where per capita GDP is notably
higher. In light of these trends, Alpine continues to expect the strongest GDP
growth, corporate earnings growth and asset appreciation to come from the
emerging markets.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL><B>Looking To The Future</B></FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>We believe that the period of 2009 to 2012 has effectively been a period
of diminishing uncertainty and gradual stabilization after the shock of 2008.
Belatedly, this period has highlighted and accelerated the identification of
economic weaknesses and some discussion of measures to improve upon the
existing policies, protocols and mechanisms which organize our economic
activity. In our view, it appears that 2013 and beyond will continue this
period of transition. Over the next few years, we expect the current concerns
over areas of visible risk to abate as political pragmatism should lead to
reform. However, there will always be unchartered problems to confront, be they
in the South China Sea or Antarctic Waters, continuing conflicts in the Middle
East or Africa, and we can&#146;t yet turn our back on (Eastern) European country
debt. Nonetheless, individual investors could become more risk tolerant over
the next few years, and institutional investors seeking higher portfolio
returns may well be forced to shift the emphasis of new investments towards
both public and private equities, as well as alternative categories and
emerging markets. By 2016 through the end of the decade, we may well see signs
of underlying inflation because reduced levels of capital spending over the
past few years may create supply shortfalls, particularly in the energy and
materials sectors. Furthermore, if activity in the developed economies begins
to pick up steam, it is possible that the central banks in those countries may
seek to shift capital off their balance sheets, effectively recycling money
into the public markets. This could keep interest rates relatively high,
depending on market conditions. Thus, the potential for a steeper yield curve
and continued low short-term interest rates fueling the possibility of
longer-term inflation might favor an array of investments including real
estate, infrastructure and banks. Alpine also believes that alternative
technologies &#150; particularly in the fields of energy, healthcare, communications
and transport, as well as pollution abatement and recycling &#150; may attract
investors. However, areas such as basic science and education may not provide
the potential near-term earning power to attract private investment. Thus,
there may be a role for public-private partnerships (PPP) which combine
government oversight and sanctioning with private funding and entrepreneurship.
We believe this could include sectors which may be deemed of national interest,
such as infrastructure and security, which require significant capital outlays
and oversight.</FONT></P>

</DIV>

<DIV STYLE="POSITION:RELATIVE; FLOAT:RIGHT; WIDTH:48%">

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>In summary, we believe that the global economy is still at the early
stages of reallocating priorities, redirecting capital flows and reorienting
our priorities in a manner that is conducive to job creation and economic
inclusion of a broader segment of society. Investing for the future should be a
national priority, from which we all have the potential to benefit as well as
participate.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>We wish to welcome Eleanor Hoagland to the Alpine Funds&#146; Board of Trustees.
Eleanor was appointed to the Board in October, 2012 and has had a distinguished
career in the investment business, including previously serving as the Chief
Compliance Officer of the River Source Mutual Funds. She also is well-versed in
risk management, having led such an effort for the Seligman Fund group. We look
forward to her contributing to the betterment of shareholders.</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="100%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>Sincerely,</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
  <P><FONT SIZE=1><img src="c71227004_v1.jpg" alt="-s- Samuel A. Lieber"></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>Samuel A. Lieber </FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>President</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=JUSTIFY><FONT SIZE=2 ><B>Past performance is not a guarantee of future results.
The specific market, sector or investment conditions that contribute to a
Fund&#146;s performance may not be replicated in future periods.</B></FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 ><B>Mutual fund investing involves risk. Principal loss is
possible. Please refer to the individual fund letters for risks specific to
each fund.</B></FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>This letter and the letter that follows represent the opinion of Alpine
Funds&#146; management and are subject to change, are not guaranteed, and should not
be considered investment advice.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>Please refer to the schedule of portfolio investments for Fund holding information.
Fund holdings and sector allocations are subject to change and should not be
considered a recommendation to buy or sell any security. Current and future
portfolio holdings are subject to risk. References to other funds should not be
interpreted as an offer of these securities.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 ><I><B>This is a closed-end fund
and does not continuously offer shares.</B></I></FONT></P>

</DIV>

<BR CLEAR=ALL><BR>


<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="100%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>4 </FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

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

<BR>
<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="50%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="50%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1><img src="c71227003_v1.jpg" alt="(ALPINE LOGO)"></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
  <P ALIGN=RIGHT><FONT SIZE=4>M<A  NAME="c71227a002_v1"></A>anager Commentary</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2 >October 31, 2012</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<DIV STYLE="POSITION:RELATIVE; FLOAT:LEFT; WIDTH:48%">

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL><B>Performance</B></FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>In the fiscal year ended October 31, 2012, the Alpine Total Dynamic
Dividend Fund (AOD) provided a total return of 4.01% on the Fund&#146;s net asset
value (NAV) and a -0.32% return on the market price of AOD including dividend
distributions. This compares with the 15.21% total return for the S&amp;P 500
Index and a 10.23% return for the MSCI All Country World (Ex-Japan) Index in
U.S. dollar terms.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>The Fund&#146;s comparative performance was negatively impacted by our
substantial investments in non-U.S. securities but was helped by stronger
performance in the United States, the United Kingdom and Norway. AOD seeks to
provide investors with access to international growth and income stocks, with a
target of at least 50% of assets held in international equities under normal
circumstances. This year was a period of great volatility for most markets
outside the U.S., and was particularly impacted by the continuing European
sovereign debt crisis and concerns about economic growth and inflation in China
and Brazil. Illustratively, from the end of the European long term refinancing
operations (LTRO) on March 1 to the end of May, the U.S. S&amp;P 500 Index
declined 4.1%, while the Brazilian Bovespa Index declined 30.7%, the STOXX
Europe 600 Index declined 14.9% and the Hong Kong Hang Seng Index fell 11.7%.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>In our effort to achieve our dividend income goals, we continued to pursue
higher dividend-paying shares in countries outside the U.S. However, throughout
fiscal 2012, we responded to the volatility in the markets and the outlook for
subdued global economic growth by bringing more assets back to the United
States, as many U.S. companies continued to report strong earnings and cash
flow. Consequently, the Fund ended fiscal 2012 with 52.2% of net assets in
U.S.- based companies and 47.8% in companies based in 16 different countries.
Following the U.S., our top five countries by weight on October 31, 2012 were
the United Kingdom (14.7% of net assets), Switzerland (5.6% of net assets),
Brazil (4.1% of net assets), Australia (3.7% of net assets) and Canada (3.2% of
net assets). While 30.8% of the Fund&#146;s net assets were invested in Europe on
October 31, only 6.4% was in Euro currency-denominated countries, with the rest
in Norway, Sweden, Switzerland and the U.K.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>Our approach during these uncertain times is to remain broadly
diversified within the dividend-paying universe while actively scanning for
companies that we believe have the potential for innovation and secular growth
that might drive earnings higher despite sluggish economic growth. We also
search for undervalued opportunities and high quality cash flow generators that
we believe have the potential to provide upside as economic growth improves. In
seeking to enhance our investment selection process and reduce potential risks,
we added to our investment management team during the fiscal year, by including
additional members of our research staff who had sector specific investment
background and changed to a new team-based approach to management of the Fund
in December 2012 as set forth in the Special Note to Shareholders that follows
this letter. We will continue to have analytical support </FONT></P>

</DIV>

<DIV STYLE="POSITION:RELATIVE; FLOAT:RIGHT; WIDTH:48%">

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>teams for specific areas of investment such as real estate, consumer
products and services, industrial, financial services, healthcare, utilities,
technology, infrastructure, energy, and materials.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>Our dividend capture strategy has tended to be seasonally focused in
Europe in the spring. Given our uncertain outlook for the Euro region during
the period, we hedged the currency exposure related to our dividend capture
trades in Europe during that time. We have also continued to employ leverage in
the execution of the Fund&#146;s strategy both in an effort to increase returns.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL><B>Top Five Contributors</B></FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>The top five contributors to the Fund&#146;s performance in fiscal 2012 based
on contribution to total return were Diageo PLC (41.01%), JPMorgan Chase &amp;
Co. (23.70%), Wells Fargo &amp; Co. (33.24%), Ensco PLC (19.01%) and Yum!
Brands (33.52%).</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="97%" style="margin-left:3%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="3%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="97%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>&#149;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>Diageo
 plc (average weight 2.12%) is a leading provider of premium sprits, beer and
 wine including Johnnie Walker, Crown Royal and Smirnoff. The company is benefiting
 from an efficiency program that is growing margins and increasing sales in
 emerging markets.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>&#149;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>JPMorgan
 Chase &amp; Co. (average weight 1.95%) and Wells Fargo &amp; Co. (average
 weight 1.79%) are two of the largest banks in the U.S. and both benefited in
 fiscal 2012 from a rebound in financial stocks following the European Central
 Bank&#146;s long-term refinancing operations. Also, better economic data in the
 U.S. and a stabilization of the housing market also helped propel these
 financial stocks from the fears of a double dip recession in late 2011.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>&#149;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>Ensco PLC
 (average weight 1.67%) is based in London and is one of the world&#146;s largest
 offshore oil and gas drilling companies with a strong track record of
 operational excellence. The driller benefited from improved pricing in fiscal
 2012 due to tight supply and strong demand for its high-quality deepwater
 fleet.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>&#149;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>Yum!
 Brands (average weight 1.19%) operates a worldwide system of over 36,000
 quick-serve restaurants with their main brands being Taco Bell, Pizza Hut,
 and KFC. With about 75% of profits generated from international markets and
 substantial growth opportunities in countries like China, Yum! offers
 attractive access to the emerging consumer growth markets.</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL><B>Bottom Five Contributors</B></FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>The five securities that had the largest adverse impact on the
performance of the Fund during fiscal 2012 were primarily international
holdings: PDG Realty SA (-60.88%), Arcos Dorados Holdings (-40.87%), Bezeq
Israeli Telecommunications Corp. (-27.87%), and LVMH Moet Hennessy Louis
Vuitton (-14.02%). Also, U.S. based Hewlett-Packard Co. was a negative
contributor (-42.97%). Unlike our top five performers, these underperformers
represented</FONT></P>

</DIV>

<BR CLEAR=ALL><BR>


<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="88%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="11%" VALIGN=TOP>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Annual Report | October 31,
 2012</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2>5</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

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

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="50%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="50%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=4>Manager Commentary (continued)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN="RIGHT"><FONT SIZE=1><img src="c71227003_v1.jpg" alt="(ALPINE LOGO)"></FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>October 31, 2012</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<DIV STYLE="POSITION:RELATIVE; FLOAT:LEFT; WIDTH:48%">

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>relatively smaller positions in the portfolio, having an average weight
of less than 0.90% in the portfolio.</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="97%" style="margin-left:3%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="3%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="97%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>&#149;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>PDG
 Realty SA (average weight 0.69%) is a leading residential developer in
 Brazil. The biggest challenge for PDG has been the execution and delivery of
 legacy units launched in 2007. This effort has been marked by downward
 pressure on operating margins and profitability (return on equity) while
 increasing cash burn and leverage. A recapitalization and recent changes in
 senior management could accelerate a turnaround, but these initial steps have
 not adequately addressed investors&#146; concerns and we no longer hold the
 position.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>&#149;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>Hewlett-Packard
 Co. (average weight 0.87%) provides imaging and printing services, computing
 systems, and information technology services for businesses and consumers
 worldwide. We were incorrect in our thesis that HP&#146;s extremely discounted
 valuation had already reflected the difficulties that it faced in its core
 businesses and that its new CEO would be the catalyst for a stabilization in
 revenue and cost reductions that would stimulate a turnaround in earnings per
 share. The decline in personal computer demand is proving to be more secular
 than cyclical and prior management&#146;s poor acquisitions and operational
 oversight is proving to take longer to fix than anticipated.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>&#149;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>Arcos
 Dorados Holdings (average weight 0.66%) is the Latin American franchisee of
 the McDonald&#146;s fast-food restaurant. While we expected McDonald&#146;s to be well
 positioned to benefit from growth in these emerging markets, Arcos had a
 challenging 2012 due to strong competition from competing chains in the
 region, as well as the headwind of rising cost inflation.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>&#149;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>Bezeq
 Israeli Telecommunication Corp. (average weight 0.48%) is the major voice and
 data telecommunication services provider in Israel. The company returned a
 substantial amount of cash to shareholders in fiscal 2012 (equivalent to a
 16% dividend yield) but the share price was pressured due to more aggressive
 competition in the mobile sector and the threat of a new entrant in
 broadband.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>&#149;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>LVMH Moet
 Hennessy Louis Vuitton SA (average weight 0.24%) is one of the world&#146;s
 leading producers of luxury products such as champagne, cosmetics, luggage,
 and watches. The company has benefited from strong demand for its luxury
 brands in emerging markets, but we exited the position in first half fiscal
 2012 on the rising fears of a hard landing in China, which is one of its
 major growth regions.</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL><B>Outlook for the market and economy</B></FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>We expect continued volatility in global equity markets as we see both
potential risks and positive catalysts as we enter fiscal 2013. Economic growth
remains challenged in the three major global regions: U.S., Europe and China.
This is in addition to the continuing headline risks associated with the
European sovereign debt crisis and </FONT></P>

</DIV>

<DIV STYLE="POSITION:RELATIVE; FLOAT:RIGHT; WIDTH:48%">

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>uncertainty in the U.S. heading into the &#147;fiscal cliff&#148; in 2013.
However, we also see a number of potentially positive catalysts including
accommodative global monetary policy; improvements in the U.S. housing market;
the European Central Bank&#146;s commitment to save the Euro and eliminate the risk
of financial collapse; resolution of uncertainty following the change in
political leadership in both the U.S. and China in November; and potential
global stimulus efforts to boost sagging economic growth. Also, companies are
holding record amounts of cash which we believe should support capital growth
initiatives, mergers and acquisitions, as well as the return of cash to shareholders
through dividend increases and share repurchases.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>In summary, our goals remain clear. We intend to continue to seek to
provide a high dividend that may satisfy the need for income in a low-yielding
world by building a portfolio of what we believe are strong dividend-payers and
to also seek to grow our net asset value over the long-term. We thank our
shareholders for support of the Alpine Total Dynamic Dividend Fund and we hope
for a more prosperous year in 2013.</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="100%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>Sincerely,</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL><B>Joshua Duitz </B></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL><B>Brian Hennessey</B></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>Co-Portfolio Managers</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=JUSTIFY><FONT SIZE=2 ><B>Past performance is not a guarantee of future results.</B></FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 >Please refer to the schedule of investments for Fund holdings
information. Fund holdings and sector allocations are subject to change and
should not be considered a recommendation to buy or sell any security. Current
and future portfolio holdings are subject to risk.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 >This letter represents the opinions of the Fund&#146;s management and is
subject to change, is not guaranteed and should not be considered
recommendations to buy or sell any security.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 >The information provided is not intended to be a forecast of future
events a guarantee of future results or investment advice. Views expressed may
vary from those of the firm as a whole.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 >All index performance reflects no deduction for direct fees, expenses or
taxes. Please note that an investor cannot invest directly in an index.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 >Favorable tax treatment of Fund distributions may be adversely affected,
changed or repealed by future changes in tax laws. Alpine may not be able to
anticipate the level of dividends that companies will pay in any given
timeframe.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 >A portion of the Fund&#146;s distributions may be comprised of return of
capital or short-term or long-term capital gains. To the extent that the
distribution is from a source other than net investment income, a 19a-1 notice
will be provided and is available on our website.</FONT></P>

</DIV>

<BR CLEAR=ALL><BR>


<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="100%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>6</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

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

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="50%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="50%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1><img src="c71227003_v1.jpg" alt="(ALPINE LOGO)"></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=4>Manager Commentary (continued)</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2  >October 31, 2012</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<DIV STYLE="POSITION:RELATIVE; FLOAT:LEFT; WIDTH:48%">

<P ALIGN=JUSTIFY><FONT SIZE=2 >The Fund may invest in equity-linked securities and various other
derivative instruments, which can be illiquid, may disproportionately increase
losses, and have a potentially large impact on Fund performance. Leverage may
magnify gains or increase losses in the Fund&#146;s portfolio.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 >Diversification does not assure a profit or protect against loss in a
declining market.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 >Investing in small- and mid-cap stocks involves additional risks such as
limited liquidity and greater volatility as compared to large-cap stocks.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 ><B>SPECIAL NOTE TO SHAREHOLDERS</B></FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 >Effective December 13, 2012, the Adviser announced a new team based approach
to management of the Fund and that newly appointed co-portfolio managers Joshua
Duitz and Brian Hennessey will lead the new investment team and will be
responsible for the day-to-day management of the Fund. </FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 >The investment team also includes experienced Alpine portfolio managers
and research analysts, who will provide analysis and recommendations regarding
the sectors they cover. The team includes Samuel A. Lieber (C.E.O.), Stephen A.
Lieber (C.I.O.) and Bruce Ebnother (Senior Investment Risk Strategist) who will
provide strategic oversight. The previous co-portfolio managers are no longer
part of the investment team.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 ><B>Fund investing involves risk. Principal loss is
possible. The Fund is subject to risks, including the following:</B></FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 ><B>Credit Risk &#150; </B><FONT size=2>Credit risk refers to the
possibility that the issuer of a security will not be able to make payments of
interest and principal when due. Changes in an issuer&#146;s credit rating or the
market&#146;s perception of an issuer&#146;s creditworthiness may also affect the value of
the Fund&#146;s investment in that issuer. The degree of credit risk depends on both
the financial condition of the issuer and the terms of the obligation.</FONT></FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 ><B>Dividend Strategy Risk &#150; </B><FONT size=2>The Fund&#146;s
strategy of investing in dividend-paying stocks involves the risk that such
stocks may fall out of favor with investors and underperform the market.
Companies that issue dividend paying-stocks are not required to continue to pay
dividends on such stocks. Therefore, there is the possibility that such
companies could reduce or eliminate the payment of dividends in the future or
the anticipated acceleration of dividends could not occur.</FONT></FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 ><B>Emerging Market Securities Risk &#150; </B><FONT size=2>The risks
of investing in foreign securities can be intensified in the case of
investments in issuers domiciled or operating in emerging market countries.
These risks include lack of liquidity and greater price volatility, greater
risks of expropriation, less developed legal systems and less reliable
custodial services and settlement practices.</FONT></FONT></P>

</DIV>

<DIV STYLE="POSITION:RELATIVE; FLOAT:RIGHT; WIDTH:48%">

<P ALIGN=JUSTIFY><FONT SIZE=2 ><B>Equity Securities Risk &#150; </B><FONT size=2>The stock
or other security of a company may not perform as well as expected, and may
decrease in value, because of factors related to the company (such as
poorer-than-expected earnings or certain management decisions) or to the industry
in which the company is engaged (such as a reduction in the demand for products
or services in a particular industry).</FONT></FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 ><B>Foreign Currency Transactions Risk &#150; </B><FONT size=2>Foreign
securities are often denominated in foreign currencies. As a result, the value
of the Fund&#146;s shares is affected by changes in exchange rates. The Fund may
enter into foreign currency transactions to try to manage this risk. The Fund&#146;s
ability to use foreign currency transactions successfully depends on a number
of factors, including the foreign currency transactions being available at
prices that are not too costly, the availability of liquid markets and the
ability of the portfolio managers to accurately predict the direction of
changes in currency exchange rates.</FONT></FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 ><B>Foreign Securities Risk &#150; </B><FONT size=2>Public
information available concerning foreign issuers may be more limited than it
would be with respect to domestic issuers. Different accounting standards may
be used by foreign issuers, and foreign trading markets may not be as liquid as
U.S. markets. Currency fluctuations could erase investment gains or add to
investment losses. Additionally, foreign securities also involve possible
imposition of withholding or confiscatory taxes and adverse political or
economic developments. These risks may be greater in emerging markets.</FONT></FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 ><B>Growth Stock Risk &#150; </B><FONT size=2>Growth stocks are stocks of
companies believed to have above-average potential for growth in revenue and
earnings. Growth stocks typically are very sensitive to market movements
because their market prices tend to reflect future expectations. When it
appears those expectations will not be met, the prices of growth stocks
typically fall. Growth stocks as a group may be out of favor and underperform
the overall equity market while the market concentrates on undervalued stocks.</FONT></FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 ><B>Leverage Risk &#150; </B><FONT size=2>The Fund may use leverage to
purchase securities. Increases and decreases in the value of the Fund&#146;s
portfolio will be magnified when the Fund uses leverage.</FONT></FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 ><B>Management Risk &#150; </B><FONT size=2>The Adviser&#146;s judgment about
the quality, relative yield or value of, or market trends affecting, a
particular security or sector, or about interest rates generally, may be
incorrect. The Adviser&#146;s security selections and other investment decisions
might produce losses or cause the Fund to underperform when compared to other
funds with similar investment objectives and strategies.</FONT></FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 ><B>Market Risk &#150; </B><FONT size=2>The price of a security held
by the Fund may fall due to changing market, economic or political conditions.</FONT></FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 ><B>Micro-Capitalization Company Risk &#150; </B><FONT size=2 >Investments
in micro-cap companies are associated with similar risks as investments in
small-and medium-capitalization companies, but these risks may be even greater
with respect to investments in micro-cap companies.</FONT></FONT></P>

</DIV>

<BR CLEAR=ALL><BR>


<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="88%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="11%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Annual Report | October 31,
 2012</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2>7</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

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

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="50%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="50%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=4>Manager Commentary (continued)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN="RIGHT"><FONT SIZE=1><img src="c71227003_v1.jpg" alt="(ALPINE LOGO)"></FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 >October 31, 2012</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<DIV STYLE="POSITION:RELATIVE; FLOAT:LEFT; WIDTH:48%">

<P ALIGN=JUSTIFY><FONT SIZE=2 ><B>Portfolio Turnover Risk &#150; </B><FONT size=2>High
portfolio turnover necessarily results in greater transaction costs which may
reduce Fund performance.</FONT></FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 ><B>Qualified Dividend Tax Risk &#150; </B><FONT size=2>Favorable
U.S. Federal tax treatment of Fund distributions may be adversely affected,
changed or repealed by future changes in tax laws. Under current law, favorable
U.S. Federal tax treatment of Fund distributions as qualified dividend income
will expire as of December 31, 2012 unless new legislation extending that
deadline is enacted.</FONT></FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 ><B>Small- and Medium-Capitalization Company Risk &#150; </B><FONT size=2>Securities
of small- or medium- capitalization companies are more likely to experience
sharper swings in market values, less liquid markets, in which it may be more
difficult for the Adviser to sell at times and at prices that the Adviser
believes appropriate. These companies generally are more volatile than those of
larger companies.</FONT></FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 ><B>Swaps Risk &#150; </B><FONT size=2>Swap agreements are
derivative instruments that can be individually negotiated and structured to
address exposure to a variety of different types of investments or market
factors. Depending on their structure, swap agreements may increase or decrease
the Fund&#146;s exposure to long- or short-term interest rates, foreign currency
values, mortgage securities, corporate borrowing rates, or other factors such
as security prices or inflation rates. The Fund also may enter into swaptions,
which are options to enter into a swap agreement. Since these transactions
generally do not involve the delivery of securities or other underlying assets
or principal, the risk of loss with respect to swap agreements and swaptions
generally is limited to the net amount of payments that the Fund is
contractually obligated to make. There is also a risk of a default by the other
party to a swap agreement or swaption, in which case the Fund may not receive
the net amount of payments that the Fund contractually is entitled to receive.</FONT></FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 ><B>Undervalued Stock Risk &#150; </B><FONT size=2>Undervalued
stocks may perform differently from the market as a whole and may continue to
be undervalued by the market for long periods of time. Although the Fund will
not concentrate its investments in any one industry or industry groups, it may
weigh its investments towards certain industries, thus increasing its exposure
to factors adversely affecting issues within these industries.</FONT></FONT></P>

</DIV>

<DIV STYLE="POSITION:RELATIVE; FLOAT:RIGHT; WIDTH:48%">

<P ALIGN=JUSTIFY><FONT SIZE=2 ><B>The following are definitions of some of the terms used
in this report:</B></FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 ><B>Average Weight </B><FONT size=2>refers to the average weight
of the holding in the portfolio during the reporting period.</FONT></FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 ><B>Cash flow </B><FONT size=2>measures the cash generating
capability of a company by adding non-cash charges (e.g. depreciation) and
interest expense to pretax income.</FONT></FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 ><B>Dividend Yield </B><FONT size=2>represents what a company
pays out to its shareholders in the form of dividends. It is calculated by
taking the amount of dividends paid per share over a specific period of time
and dividing by the stock&#146;s price.</FONT></FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 ><B>The MSCI All Country World (Ex-Japan) Index Gross USD </B><FONT size=2 >is a free
float-adjusted market capitalization-weighted index that is designed to measure
the equity market performance of developed and emerging markets, excluding
Japan. Source: MSCI. MSCI makes no express or implied warranties or
representations and shall have no liability whatsoever with respect to any MSCI
data contained herein. The MSCI data may not be further redistributed or used
as a basis for other indices or any securities or financial products. This
report is not approved, reviewed or produced by MSCI.</FONT></FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 ><B>The S&amp;P 500<SUP>&reg; </SUP>Index </B><FONT size=2>is
float-adjusted market capitalization-weighted index of 500 common stocks chosen
for market size, liquidity, and industry group representation to represent U.S.
equity performance.</FONT></FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 ><B>The STOXX Europe 600 (Price) Index </B><FONT size=2>is a
broad-based capitalization-weighted index of European stocks designed to
provide a broad yet liquid representation of companies in the European region.
The equities use free float shares in the index calculation. The index was
developed with a base value of 100 as of December 31, 1991. This index uses
float shares.</FONT></FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 >The <B>Hang Seng Index </B>is a
free-float capitalization-weighted index of selection of companies from the
Stock Exchange of Hong Kong. The components of the index are divided into four
subindexes: Commerce and Industry, Finance, Utilities and Properties.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 ><B>BM&amp;F Bovespa Index (IMOBBV) </B><FONT size=2 >is a total
return index weighted by traded volume and is comprised of the most liquid
stocks traded on the Sao Paulo Stock Exchange.</FONT></FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 >An investor cannot invest directly in an index.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 ><I><B>This is a closed-end fund and does not
continuously offer shares.</B></I></FONT></P>

</DIV>

<BR CLEAR=ALL><BR>



<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="100%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>8</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4><P ALIGN=LEFT STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<BR>
<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="100%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
<P ALIGN="left"><FONT SIZE=1><img src="c71227003_v1.jpg" ALT="(ALPINE LOGO)"></FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

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

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="40%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="2%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="13%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="2%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="6%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="2%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="6%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="2%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="7%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="2%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="14%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL><B>PERFORMANCE<SUP>(1)
 </SUP></B></FONT><FONT size=2><I>As of October 31, 2012 (unaudited)</I></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD COLSPAN=3 VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=2  FACE=ARIAL><B>Ending Value <BR>
 as of 10/31/12</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=2  FACE=ARIAL><B>1 Year</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=2  FACE=ARIAL><B>3 Years</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=2  FACE=ARIAL><B>5 Years</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=2  FACE=ARIAL><B>Since<BR>Inception<SUP>(2)(3)(4)</SUP></B></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Alpine Total Dynamic Dividend Fund | NAV</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#E5FFFF">
 <P ALIGN=CENTER><FONT SIZE=2  FACE=ARIAL>$4.61</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#E5FFFF">
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#E5FFFF">
 <P ALIGN=CENTER><FONT SIZE=2  FACE=ARIAL>4.01%</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#E5FFFF">
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#E5FFFF">
 <P ALIGN=CENTER><FONT SIZE=2  FACE=ARIAL>2.03%</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#E5FFFF">
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#E5FFFF">
 <P ALIGN=CENTER><FONT SIZE=2  FACE=ARIAL>-11.46%</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#E5FFFF">
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#E5FFFF">
 <P ALIGN=CENTER><FONT SIZE=2  FACE=ARIAL>-7.93%</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Alpine Total Dynamic Dividend Fund | Market
 Price</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2  FACE=ARIAL>$4.22</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2  FACE=ARIAL>-0.32%</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2  FACE=ARIAL>-8.47%</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2  FACE=ARIAL>-12.72%</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2  FACE=ARIAL>-10.08%</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;


 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT FACE="ARIAL" SIZE="2">S&amp;P 500<SUP>&reg;</SUP> Index </FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#E5FFFF">
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#E5FFFF">
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#E5FFFF">
 <P ALIGN=CENTER><FONT SIZE=2  FACE=ARIAL>15.21%</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#E5FFFF">
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#E5FFFF">
 <P ALIGN=CENTER><FONT SIZE=2  FACE=ARIAL>13.21%</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#E5FFFF">
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#E5FFFF">
 <P ALIGN=CENTER><FONT SIZE=2  FACE=ARIAL>0.36%</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#E5FFFF">
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#E5FFFF">
 <P ALIGN=CENTER><FONT SIZE=2  FACE=ARIAL>2.04%</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;


 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>MSCI All Country World (Ex-Japan) Index
 Gross USD</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2  FACE=ARIAL>10.23%</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2  FACE=ARIAL>8.86%</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2  FACE=ARIAL>-2.04%</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2  FACE=ARIAL>1.32%</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;


 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

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

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="2%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="97%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P style="margin-top:-2px"><FONT SIZE=2 ><I><SUP>(1)</SUP></I></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P style="margin-top:2px" ALIGN=JUSTIFY><FONT SIZE=2 ><I>Performance information calculated after
 consideration of dividend and distribution reinvestment including returns of
 capital, if any. Performance figures for periods shorter than one year
 represent cumulative figures and are not annualized. </I></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P style="margin-top:-2px"><FONT SIZE=2 ><I><SUP>(2)</SUP></I></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P style="margin-top:2px" ALIGN=JUSTIFY><FONT SIZE=2 ><I>Commenced operations on January 26, 2007.</I></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P style="margin-top:-2px"><FONT SIZE=2 ><I><SUP> (3)</SUP></I></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P style="margin-top:2px" ALIGN=JUSTIFY><FONT SIZE=2 ><I>Annualized.</I></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P style="margin-top:-2px"><FONT SIZE=2 ><I><SUP>(4)</SUP></I></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P style="margin-top:2px" ALIGN=JUSTIFY><FONT SIZE=2 ><I>IPO price of $20 used in calculating
 performance information. </I></FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=JUSTIFY><FONT SIZE=2 ><I>To the extent that the Fund&#146;s historical
performance resulted from gains derived from participation in initial public
offerings (&#147;IPOs&#148;) and/or Secondary Offerings, there is no guarantee that these
results can be replicated in future periods or that the Fund will be able to
participate to the same degree in IPO/Secondary Offerings in the future. </I></FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 ><I>All figures represent past performance and
are not a guarantee of future results and investment returns and principal
value of the Fund will fluctuate so that shares, when redeemed, may be worth
more or less than their original cost. Current performance may be higher or
lower than the performance quoted. Call 1(800)617.7616 or visit
www.alpinefunds.com for current month-end performance. </I></FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 >The <B>S&amp;P
500<SUP>&reg; </SUP>Index </B>is float-adjusted market
capitalization-weighted index of 500 common stocks chosen for market size,
liquidity, and industry group representation to represent U.S. equity
performance.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 >The <B>MSCI
All Country World (Ex-Japan) Index Gross USD </B>is a free
float-adjusted market capitalization-weighted index that is designed to measure
the equity market performance of developed and emerging markets, excluding
Japan. Source: MSCI. MSCI makes no express or implied warranties or
representations and shall have no liability whatsoever with respect to any MSCI
data contained herein. The MSCI data may not be further redistributed or used
as a basis for other indices or any securities or financial products. This
report is not approved, reviewed or produced by MSCI.</FONT></P>

<DIV STYLE="POSITION:RELATIVE;FLOAT:LEFT;WIDTH:48%">
<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="100%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL><B>PORTFOLIO
 DISTRIBUTIONS* (unaudited)</B></FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

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

<BR>

<P ALIGN="CENTER"><FONT SIZE=1><img src="c71227005_v1.jpg" ALT="(PIE CHART)"></FONT></P>
</div>

<DIV STYLE="POSITION:RELATIVE;FLOAT:RIGHT;WIDTH:48%">

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="58%" VALIGN=TOP>
 <P><B>&nbsp;</B></P>
 </TD>
 <TD WIDTH="2%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="10%" VALIGN=TOP>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="23%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL><B>TOP 10
 HOLDINGS* (unaudited)</B></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP BGCOLOR="#E5FFFF">
 <P><FONT SIZE=2 FACE=ARIAL>Apple, Inc.</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>2.7%</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#E5FFFF">
 <P><FONT SIZE=2 FACE=ARIAL>United States</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>Nestle SA</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>2.5%</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>Switzerland</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP BGCOLOR="#E5FFFF">
 <P><FONT SIZE=2 FACE=ARIAL>Diageo plc</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>2.2%</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#E5FFFF">
 <P><FONT SIZE=2 FACE=ARIAL>United Kingdom</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>Wynn Resorts, Ltd.</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>2.0%</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>United States</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;


 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP BGCOLOR="#E5FFFF">
 <P><FONT SIZE=2 FACE=ARIAL>Royal Dutch Shell
 PLC-A Shares</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>2.0%</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#E5FFFF">
 <P><FONT SIZE=2 FACE=ARIAL>Netherlands</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>British Sky
 Broadcasting Group PLC</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>2.0%</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>United Kingdom</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP BGCOLOR="#E5FFFF">
 <P><FONT SIZE=2 FACE=ARIAL>Ensco PLC-Class A</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>2.0%</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#E5FFFF">
 <P><FONT SIZE=2 FACE=ARIAL>United Kingdom</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>Seadrill, Ltd.</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>2.0%</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>Norway</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP BGCOLOR="#E5FFFF">
 <P><FONT SIZE=2 FACE=ARIAL>JPMorgan Chase
 &amp; Co.</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>1.9%</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#E5FFFF">
 <P><FONT SIZE=2 FACE=ARIAL>United States</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>Avago
 Technologies, Ltd.</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>1.9%</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>Singapore</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP BGCOLOR="#E5FFFF">
 <P><FONT SIZE=2 FACE=ARIAL><B>Top
 10 Holdings</B></FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL><B>21.2%</B></FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

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

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="99%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="68%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="10%" VALIGN=TOP>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="15%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL><B>TOP 5
 COUNTRIES* (unaudited)</B></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP BGCOLOR="#E5FFFF">
 <P><FONT SIZE=2 FACE=ARIAL>United States</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>52.2%</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>United Kingdom</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>14.7%</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP BGCOLOR="#E5FFFF">
 <P><FONT SIZE=2 FACE=ARIAL>Switzerland</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>5.6%</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>Brazil</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>4.1%</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP BGCOLOR="#E5FFFF">
 <P><FONT SIZE=2 FACE=ARIAL>Australia</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>3.7%</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
</TABLE>

</DIV><BR CLEAR="ALL"><BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="2%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="97%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><I>*</I></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=2><I>Top 10 Holdings and Top 5 Countries do not
 include short-term investments and percentages are based on total net assets.
 Portfolio Distributions percentages are based on total investments. Portfolio
 holdings and sector distributions are as of 10/31/12 and are subject to
 change. Portfolio holdings are not recommendations to buy or sell any
 securities.</I></FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="88%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="11%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Annual Report |
 October 31, 2012</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2 >9</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

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

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="100%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN="right"><FONT SIZE=1><img src="c71227003_v1.jpg" ALT="(ALPINE LOGO)"></FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

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

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="100%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL><B>REGIONAL
 ALLOCATION** </B></FONT><FONT size=2><I>As of October 31, 2012 (unaudited)</I></FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

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

<P ALIGN="CENTER"><FONT SIZE=1><img src="c71227006_v1.jpg" ALT="(MAP)"></FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="4%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="96%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=2  ><I><SUP>**</SUP></I></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=2 ><I>As a percentage of total investments,
 excluding any short-term investments.</I></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT FACE="ARIAL" SIZE="2"><B>NAV AND MARKET
PRICE</B></FONT><FONT size=2><I> As
of October 31, 2012 (unaudited)</I> </FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD COLSPAN=2 VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

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

<P ALIGN="LEFT" STYLE="MARGIN-LEFT:3%"><FONT SIZE=1><img src="c71227007_v1.jpg" ALT="(LINE GRAPH)"></FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="100%" VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>10</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

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

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="30%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="70%" VALIGN=TOP>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
<P ALIGN="left"><FONT SIZE=1><img src="c71227003_v1.jpg" ALT="(ALPINE LOGO)"></FONT></P>
 </TD>
 <TD VALIGN=bottom>
 <P ALIGN=RIGHT><FONT SIZE=4>R<A  NAME="c71227a003_v1"></A>eport
 of Independent Registered Public Accounting Firm</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2 >October 31, 2012</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2 FACE=ARIAL>To the Shareholders and Board of Trustees of <BR>
Alpine Total Dynamic Dividend Fund:</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>We have audited the accompanying statement of
assets and liabilities, including the schedule of portfolio investments, of
Alpine Total Dynamic Dividend Fund (the &#147;Fund&#148;), as of October 31, 2012, and
the related statement of operations for the year then ended, the statements of
changes in net assets for each of the two years in the period then ended, and
the financial highlights for each of the five years in the period then ended.
These financial statements and financial highlights are the responsibility of
the Fund&#146;s management. Our responsibility is to express an opinion on these
financial statements and financial highlights based on our audits.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>We conducted our audits 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 and financial highlights are
free of material misstatement. The Fund is not required to have, nor were we
engaged to perform, an audit of its internal control over financial reporting.
Our audits included consideration of internal control over financial reporting
as a basis for designing audit procedures that are appropriate in the
circumstances, but not for the purpose of expressing an opinion on the
effectiveness of the Fund&#146;s internal control over financial reporting.
Accordingly, we express no such opinion. An audit also includes examining, on a
test basis, evidence supporting the amounts and disclosures in the financial
statements, assessing the accounting principles used and significant estimates
made by management, as well as evaluating the overall financial statement
presentation. Our procedures included confirmation of securities owned as of
October 31, 2012, by correspondence with the custodian and brokers; where
replies were not received from brokers, we performed other auditing procedures.
We believe that our audits provide a reasonable basis for our opinion.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>In our opinion, the financial statements and
financial highlights referred to above present fairly, in all material
respects, the financial position of Alpine Total Dynamic Dividend Fund as of
October 31, 2012, the results of its operations for the year then ended, the
changes in its net assets for each of the two years in the period then ended,
and the financial highlights for each of the five years in the period then
ended, in conformity with accounting principles generally accepted in the
United States of America.</FONT></P>

<P ALIGN="LEFT"><FONT SIZE=1><img src="c71227008_v1.jpg" ALT="-s- Deloitte & Touche LLP"></FONT></P>

<P><FONT SIZE=2 FACE=ARIAL>Princeton, New Jersey <BR>
December 28, 2012</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="85%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="14%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Annual Report |
 October 31, 2012</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2>11</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

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

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="70%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="30%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=bottom>
 <P><FONT SIZE=4>S<A  NAME="c71227a004_v1"></A>chedule of Portfolio
 Investments</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN="right"><FONT SIZE=1><img src="c71227003_v1.jpg" ALT="(ALPINE LOGO)"></FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>October 31, 2012</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="70%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="10%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="10%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL><B>Description</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN="RIGHT"><FONT SIZE=2  FACE=ARIAL><B>Shares</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=2  FACE=ARIAL><B>Value&nbsp;<BR>
 (Note 1)</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;


 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
<tr>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=2 FACE=ARIAL>COMMON STOCKS
 (104.4%)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL><B>Australia
 (3.7%)</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Amcor, Ltd.</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>1,822,300</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=2 FACE=ARIAL>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>$14,943,940</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Iluka Resources, Ltd.</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>1,051,700</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>10,829,831</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>QR National, Ltd.</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>66,643</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>258,729</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Westfield Group</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>674,738</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>7,466,388</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Westfield Retail Trust</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>1,350,299</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>4,345,200</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>37,844,088</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=2 FACE=ARIAL><B>Brazil (4.1%)</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>All America Latina Logistica SA</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>604,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>2,747,820</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Anhanguera Educacional <BR>
 Participacoes SA</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>815,296</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>14,290,410</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>BR Malls Participacoes SA</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>919,800</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>12,091,608</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>CCR SA</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>1,311,500</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>11,532,650</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>EDP - Energias do Brasil SA</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>279,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>1,744,566</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>42,407,054</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL><B>Canada (3.2%)</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Canadian Pacific Railway, Ltd. <SUP>(1)</SUP></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>136,250</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>12,543,175</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Cenovus Energy, Inc. <SUP>(1)</SUP></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>446,997</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>15,783,464</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Enbridge, Inc. <SUP>(1)</SUP></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>99,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>3,937,230</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>32,263,869</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=2 FACE=ARIAL><B>France (0.4%)</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Vinci SA</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>88,500</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>3,916,746</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
<TR>
<TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=2 FACE=ARIAL><B>Germany (1.5%)</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Fresenius Medical Care AG &amp; Co.</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>219,162</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>15,393,574</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
<TR>
<TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>

 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=2 FACE=ARIAL><B>Hong Kong
 (2.3%)</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Cheung Kong Holdings, Ltd.</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>458,361</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>6,771,870</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Sun Hung Kai Properties, Ltd.</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>286,475</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>3,988,446</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Wharf Holdings, Ltd.</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>1,853,665</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>12,724,431</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>23,484,747</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL><B>Ireland (1.5%)</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Accenture PLC-Class A</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>161,600</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>10,893,456</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Covidien PLC <SUP>(1)</SUP></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>72,757</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>3,997,997</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>14,891,453</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL><B>Japan (2.5%)</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Chiyoda Corp.</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>155,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>2,500,814</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>East Japan Railway Co.</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>51,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>3,500,940</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Japan Airlines Co., Ltd. *</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>194,659</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>9,265,993</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Unicharm Corp.</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>184,100</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>9,962,570</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>25,230,317</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
<TR>
<TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>

 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL><B>Mexico (0.3%)</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Grupo Financiero Santander</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>

 <TR BGCOLOR="#E5FFFF">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:34.55PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Mexico SAB de CV-ADR, *</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>230,647</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>3,152,944</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
<TR>
<TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=2 FACE=ARIAL><B>Netherlands
 (2.2%)</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR BGCOLOR="#E5FFFF">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Koninklijke Vopak NV</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>32,500</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>2,262,526</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM >
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Royal Dutch Shell PLC-A Shares</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>590,300</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>20,242,668</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR BGCOLOR="#E5FFFF">
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>22,505,194</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="70%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="10%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="10%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL><B>Description</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN="RIGHT"><FONT SIZE=2  FACE=ARIAL><B>Shares</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=2  FACE=ARIAL><B>Value&nbsp;<BR>
 (Note 1)</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
<TR>
<TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=2 FACE=ARIAL><B>Norway (2.5%)</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Golar LNG, Ltd.</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>130,700</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>$5,101,221</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Seadrill, Ltd. <SUP>(1)</SUP></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>498,596</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>20,113,363</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>25,214,584</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=2 FACE=ARIAL><B>Singapore
 (3.0%)</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Avago Technologies, Ltd. <SUP>(1)</SUP></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>597,923</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>19,749,397</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Global Logistic Properties, Ltd.</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>5,041,577</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>10,622,112</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>30,371,509</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=2 FACE=ARIAL><B>South Korea
 (1.7%)</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Kia Motors Corp.</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>313,500</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>17,419,861</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
<TR>
<TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=2 FACE=ARIAL><B>Sweden (3.0%)</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Electrolux AB-Series B</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>392,270</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>10,036,066</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Tele2 AB-B Shares</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>637,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>10,631,232</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Telefonaktiebolaget LM <BR>
 Ericsson-B Shares</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>1,128,800</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>9,921,609</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>30,588,907</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL><B>Switzerland
 (5.6%)</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Logitech International SA *</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>574,981</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>4,142,728</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Nestle SA</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>394,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>25,003,114</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Novartis AG-ADR <SUP>(1)</SUP></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>260,600</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>15,755,876</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Roche Holding AG</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>64,500</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>12,404,112</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>57,305,830</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL><B>United Kingdom
 (14.7%)</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Aggreko PLC</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>102,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>3,538,952</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>British American Tobacco PLC</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>387,300</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>19,184,530</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>British Sky Broadcasting <BR>
 Group PLC</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>1,767,500</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>20,222,818</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Diageo PLC</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>771,400</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>22,046,224</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Ensco PLC-Class A <SUP>(1)</SUP></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>349,252</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>20,193,751</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Ferrovial SA</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>176,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>2,486,533</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Imperial Tobacco Group PLC</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>281,600</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>10,633,703</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>InterContinental Hotels Group PLC</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>430</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>10,617</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Kazakhmys PLC</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>476,100</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>5,447,289</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Petrofac, Ltd.</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>597,100</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>15,455,657</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Wolseley PLC</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>345,900</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>15,121,525</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Xstrata PLC</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>977,700</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>15,447,873</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>149,789,472</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL><B>United States
 (52.2%)</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Abbott Laboratories</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>173,947</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>11,397,007</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>American Capital Mortgage <BR>
 Investment Corp. <SUP>(1)</SUP></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>134,258</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>3,347,052</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>American Eagle Outfitters, Inc.</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>726,179</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>15,155,356</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>American Tower Corp. <SUP>(1)</SUP></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>99,519</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>7,492,786</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>American Water Works Co., Inc.</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>60,500</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>2,222,770</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Apple, Inc. <SUP>(1)</SUP></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>46,806</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>27,854,251</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Ashland, Inc. <SUP>(1)</SUP></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>185,806</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>13,220,097</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Atmos Energy Corp. <SUP>(1)</SUP></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>89,173</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>3,207,553</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Bank of America Corp. <SUP>(1)</SUP></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>1,689,920</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>15,750,054</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Caterpillar, Inc. <SUP>(1)</SUP></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>123,380</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>10,463,858</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>CBS Corp.-Class B <SUP>(1)</SUP></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>290,852</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>9,423,605</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Citigroup, Inc. <SUP>(1)</SUP></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>340,371</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>12,726,472</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX" >
 <TD WIDTH="100%" VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>12</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

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

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="30%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="70%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=bottom>
 <P ALIGN="left"><FONT SIZE=1><img src="c71227003_v1.jpg" ALT="(ALPINE LOGO)"></FONT></P>
 </TD>
 <TD VALIGN=bottom>
 <P ALIGN=RIGHT><FONT SIZE=4>Schedule
 of Portfolio Investments</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2>October
 31, 2012</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="70%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="10%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="10%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL><B>Description</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL><B>Shares</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=2  FACE=ARIAL><B>Value&nbsp;<BR>
 (Note 1)</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
<tr>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>

 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL><B>United States (continued)</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>CME Group, Inc. <SUP>(1)</SUP></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>91,079</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>$5,094,048</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>CMS Energy Corp. <SUP>(1)</SUP></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>167,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>4,061,440</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Coach, Inc. <SUP>(1)</SUP></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>228,561</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>12,810,844</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Colgate-Palmolive Co. <SUP>(1)</SUP></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>142,871</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>14,995,740</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Cooper Tire &amp; Rubber Co. <SUP>(1)</SUP></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>195,800</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>3,941,454</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Cummins, Inc. <SUP>(1)</SUP></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>104,115</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>9,743,082</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>CYS Investments, Inc.</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>245,302</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>3,291,953</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Dick&#146;s Sporting Goods, Inc. <SUP>(1)</SUP></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>68,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>3,400,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Energizer Holdings, Inc. <SUP>(1)</SUP></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>34,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>2,480,980</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Family Dollar Stores, Inc. <SUP>(1)</SUP></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>154,264</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>10,175,253</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Freeport-McMoRan <BR>
 Copper &amp; Gold, Inc. <SUP>(1)</SUP></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>507,191</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>19,719,586</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>HollyFrontier Corp. <SUP>(1)</SUP></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>271,398</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>10,484,105</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Intel Corp. <SUP>(1)</SUP></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>420,119</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>9,085,073</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>International Business <BR>
 Machines Corp. <SUP>(1)</SUP></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>69,781</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>13,574,498</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Iron Mountain, Inc.</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>300,254</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>10,388,788</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>ITC Holdings Corp. <SUP>(1)</SUP></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>177,028</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>14,094,969</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Joy Global, Inc. <SUP>(1)</SUP></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>278,094</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>17,366,970</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>JPMorgan Chase &amp; Co. <SUP>(1)</SUP></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>476,567</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>19,863,313</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Las Vegas Sands Corp. <SUP>(1)</SUP></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>286,715</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>13,315,045</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>McDonald&#146;s Corp. <SUP>(1)</SUP></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>168,493</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>14,625,192</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Microchip Technology, Inc. <SUP>(1)</SUP></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>159,962</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>5,014,809</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Microsoft Corp. <SUP>(1)</SUP></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>340,398</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>9,713,257</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Mondelez International,<BR>
 Inc.-Class A <SUP>(1)</SUP></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>264,236</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>7,012,823</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>National Oilwell Varco, Inc.</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>205,174</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>15,121,324</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Omnicare, Inc.</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>31,072</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>1,072,916</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>PNC Financial Services Group, Inc. <SUP>(1)</SUP></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>114,350</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>6,654,027</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>QUALCOMM, Inc. <SUP>(1)</SUP></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>296,275</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>17,354,308</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Regal Entertainment Group-<BR>
 Class A <SUP>(1)</SUP></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>590,741</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>9,073,782</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Snap-On, Inc. <SUP>(1)</SUP></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>119,392</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>9,232,583</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>SPX Corp.</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>15,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>1,028,850</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>The Boeing Co.</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>89,731</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>6,320,652</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>The Walt Disney Co. <SUP>(1)</SUP></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>56,800</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>2,787,176</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Time Warner Cable, Inc. <SUP>(1)</SUP></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>60,924</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>6,038,178</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Tronox, Ltd.-Class A <SUP>(1)</SUP></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>657,022</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>13,396,679</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Union Pacific Corp. <SUP>(1)</SUP></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>20,500</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>2,522,115</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>UnitedHealth Group, Inc. <SUP>(1)</SUP></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>245,752</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>13,762,112</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Validus Holdings, Ltd. <SUP>(1)</SUP></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>67,500</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>2,416,500</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Wal-Mart Stores, Inc. <SUP>(1)</SUP></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>138,794</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>10,412,326</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Wells Fargo &amp; Co. <SUP>(1)</SUP></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>523,247</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>17,628,191</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Wynn Resorts, Ltd.</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>169,106</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>20,471,972</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Yum! Brands, Inc. <SUP>(1)</SUP></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>143,013</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>10,026,641</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>531,834,415</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>TOTAL COMMON STOCKS<FONT  FACE=ARIAL> <BR>
 (Identified Cost $954,415,349)</FONT></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>1,063,614,564</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
</TABLE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="70%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="10%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="10%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL><B>Description</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN="RIGHT"><FONT SIZE=2  FACE=ARIAL><B>Shares</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=2  FACE=ARIAL><B>Value&nbsp;<BR>
 (Note 1)</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
<tr>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>

 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=2 FACE=ARIAL>EQUITY-LINKED
 STRUCTURED NOTES (1.1%)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL><B>Ireland (1.1%)</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Ryanair Holdings PLC&#151;Merrill <BR>
 Lynch International Co. *</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>2,038,002</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=2 FACE=ARIAL>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>$11,781,336</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>TOTAL EQUITY-LINKED STRUCTURED <BR>
 NOTES</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>(Identified Cost $10,577,795)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>11,781,336</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>TOTAL INVESTMENTS<FONT  FACE=ARIAL> <BR>
 (Identified Cost $964,993,144) - (105.5%)</FONT></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>1,075,395,900</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT  SIZE=2 FACE=ARIAL>LIABILITIES IN EXCESS OF <BR>
 OTHER ASSETS - (-5.5%)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>(56,262,498</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=2 FACE=ARIAL>)</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>NET ASSETS (100.0%)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>1,019,133,402</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
</TABLE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="3%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="97%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 ><I>*</I></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 ><I>Non-income
 producing security.</I></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P style="margin-top:-2px"><FONT SIZE=2 ><I><SUP> (1)</SUP></I></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P style="margin-top:2px"><FONT SIZE=2 ><I>All or a
 portion of the security is available to serve as collateral on the
 outstanding loans.</I></FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2 FACE=ARIAL><B>Common Abbreviations</B></FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="100%" VALIGN=TOP>
 <P ALIGN=JUSTIFY>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=2 ><I>AB - Aktiebolag is the Swedish equivalent of a
 corporation. <BR>ADR - American Depositary Receipt</I></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=2 ><I>AG - Aktiengesellschaft is a German term that refers to a
 corporation that is limited by shares, i.e., owned by shareholders.</I></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=2 ><I>NV - Naamloze Vennootschap is the Dutch term for a public
 limited liability corporation.</I></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=2 ><I>PLC - Public Limited Company</I></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=2 ><I>SA - Generally designates corporations in various countries,
 mostly those employing the civil law.</I></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=2 ><I>SAB de CV - Sociedad Anonima Burs&aacute;til de Capital Variable
 is the Spanish equivalent to Variable Capital Company.</I></FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2><I>See Notes to Financial Statements.</I></FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="85%" VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD WIDTH="14%" VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 >Annual Report |
 October 31, 2012</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2  >13</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4><P ALIGN=LEFT STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<BR>
<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 width=100%>
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="50%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="50%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=bottom>
 <P><FONT SIZE=4>S<A NAME="c71227a005_v1"></A>tatement
 of Assets and Liabilities</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P align=right><FONT SIZE=2><img  src="c71227003_v1.jpg" ALT="(ALPINE LOGO)"></font></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD COLSPAN=2 VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>October
 31, 2012</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 width=100%>
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="80%" VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="14%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR BGCOLOR="#E5FFFF">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>ASSETS</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM >
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Investments, at
 value<SUP>(1)</SUP></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>$1,075,395,900</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR BGCOLOR="#E5FFFF">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Foreign currency,
 at value<SUP>(2)</SUP></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>348,723</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM >
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Receivable for
 investment securities sold</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>10,669,960</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR BGCOLOR="#E5FFFF">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Dividends
 receivable</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>17,497,986</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM >
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Prepaid and other
 assets</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>47,856</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR BGCOLOR="#E5FFFF">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL><B>Total
 Assets</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>1,103,960,425</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM >
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>LIABILITIES</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR BGCOLOR="#E5FFFF">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Loan payable (Note
 6)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>51,499,846</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM >
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Interest on loan
 payable</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>1,602</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR BGCOLOR="#E5FFFF">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Payable for
 investment securities purchased</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>31,831,627</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM >
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Accrued expenses
 and other liabilities:</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR BGCOLOR="#E5FFFF">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Investment advisory
 fees</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>966,017</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM >
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Administrative fees</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>18,241</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR BGCOLOR="#E5FFFF">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Compliance fees</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>33,298</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM >
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Other</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>476,392</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;


 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR BGCOLOR="#E5FFFF">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL><B>Total
 Liabilities</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>84,827,023</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM >
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL><B>Net
 Assets</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>$1,019,133,402</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR BGCOLOR="#E5FFFF">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>NET ASSETS
 REPRESENTED BY</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM >
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Paid-in-capital</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>$4,078,883,629</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR BGCOLOR="#E5FFFF">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Undistributed net
 investment income</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>14,679,389</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM >
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Accumulated net
 realized loss on investments and foreign currency transactions</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>(3,184,209,073</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=2 FACE=ARIAL>)</FONT></P>
 </TD>
 </TR>
 <TR BGCOLOR="#E5FFFF">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Net unrealized
 appreciation on investments and foreign currency translations</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>109,779,457</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM >
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL><B>Net
 Assets</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>$1,019,133,402</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR BGCOLOR="#E5FFFF">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Net asset value</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM >
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Net assets</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>$1,019,133,402</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR BGCOLOR="#E5FFFF">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Shares of
 beneficial interest issued and outstanding</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>221,030,493</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM >
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Net asset value per
 share</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>$4.61</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR BGCOLOR="#E5FFFF">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL><SUP> (1) </SUP><FONT  FACE=ARIAL>Total cost of investments</FONT></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>$964,993,144</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM >
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL><SUP> (2) </SUP><FONT  FACE=ARIAL>Cost of foreign currency</FONT></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>$348,774</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2><I>See Notes to Financial Statements.</I></FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 width=100%>
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="100%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>14</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

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

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 width=100%>
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="50%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="50%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><img src="c71227003_v1.jpg" ALT="(ALPINE LOGO)"></font></P>
 </TD>
 <TD VALIGN=bottom>
 <P ALIGN=RIGHT><FONT SIZE=4>S<A  NAME="c71227a006_v1"></A>tatement of Operations</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD COLSPAN=2 VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2 >For the Year Ended October 31,
 2012</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 width=100%>
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="80%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="14%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
<TR BGCOLOR="#E5FFFF">
 <TD VALIGN=BOTTOM>
<P><FONT SIZE=2 FACE=ARIAL>INVESTMENT INCOME</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM >
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Dividends</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1 FACE=ARIAL>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>$176,125,560</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR BGCOLOR="#E5FFFF">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Less: Foreign taxes
 withheld</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>(11,383,984</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL>)</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM >
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL><B>Total
 Income</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>164,741,576</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR BGCOLOR="#E5FFFF">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>EXPENSES</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM >
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Investment advisory
 fee (Note 4)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>11,431,068</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR BGCOLOR="#E5FFFF">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Interest on loan
 (Note 6)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>440,343</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM >
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Printing and
 mailing fees</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>410,263</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR BGCOLOR="#E5FFFF">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Administration fee
 (Note 4)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>220,279</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM >
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>NYSE fees</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>195,889</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR BGCOLOR="#E5FFFF">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Legal fees</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>158,678</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM >
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Compliance fees</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>131,665</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR BGCOLOR="#E5FFFF">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Accounting and
 Custody fees</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>88,079</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM >
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Trustee fees</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>86,987</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR BGCOLOR="#E5FFFF">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Audit and tax fees</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>83,257</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM >
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Insurance fees</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>42,994</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR BGCOLOR="#E5FFFF">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Miscellaneous fees</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>285,098</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM >
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL><B>Total
 Expenses</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>13,574,600</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR BGCOLOR="#E5FFFF">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL><B>Net
 Investment Income</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>151,166,976</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=4 VALIGN=BOTTOM >
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>NET REALIZED AND
 UNREALIZED GAIN/(LOSS) ON INVESTMENTS AND FOREIGN CURRENCY</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR BGCOLOR="#E5FFFF">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Net realized loss
 on:</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM >
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Investments*</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>(168,570,139</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=2 FACE=ARIAL>)</FONT></P>
 </TD>
 </TR>
 <TR BGCOLOR="#E5FFFF">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Foreign currency
 transactions</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>349,425</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM >
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Net realized loss
 on investments and foreign currency</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>(168,220,714</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=2 FACE=ARIAL>)</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR BGCOLOR="#E5FFFF">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Change in net
 unrealized appreciation/depreciation from:</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM >
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Investments</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>49,159,769</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR BGCOLOR="#E5FFFF">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Foreign currency
 translations</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>(1,133,502</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL>)</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM >
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Change in net
 unrealized appreciation/depreciation of investments and foreign currency</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>48,026,267</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR BGCOLOR="#E5FFFF">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL><B>Net
 loss on investments and foreign currency</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>(120,194,447</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL>)</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM >
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL><B>Increase
 in Net Assets from Operations</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>$30,972,529</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM >
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
<tr>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR BGCOLOR="#E5FFFF">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>* Net of foreign
 capital gains taxes</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>$121,795</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2><I>See Notes to Financial Statements.</I></FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 width=100%>
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="96%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="4%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD COLSPAN=2 VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Annual Report | October 31,
 2012</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2 >15</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

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

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 width=100%>
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="50%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="50%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=bottom>
 <P><FONT SIZE=4>S<A NAME="c71227a007_v1"></A>tatements
 of Changes in Net Assets</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P align=right><FONT SIZE=2><img  src="c71227003_v1.jpg" ALT="(ALPINE LOGO)"></font></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD COLSPAN=2 VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

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

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 width=100%>
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="62%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="13%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="2%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="13%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=2  FACE=ARIAL><B>For the <BR>
 Year Ended<BR>
 October 31, 2012</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=3 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=2  FACE=ARIAL><B>For the <BR>
 Year Ended<BR>
 October 31, 2011</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD COLSPAN=9 VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=2 FACE=ARIAL>OPERATIONS</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL>Net
 investment income</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>$151,166,976</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>$146,440,740</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=2 FACE=ARIAL>Net
 realized gain (loss) on:</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Investments</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>(168,570,139</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>(377,932</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Swap contracts</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>&#151;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>(2,674,510</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=2 FACE=ARIAL>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Foreign currency
 transactions</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>349,425</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>(31,270,517</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=2 FACE=ARIAL>Change
 in net unrealized appreciation/depreciation from:</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Investments</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>49,159,769</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>(140,286,084</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Foreign currency
 translations</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>(1,133,502</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=2 FACE=ARIAL>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>5,350,350</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 <P></P>
 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL><B>Increase (decrease) in net assets from operations</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>30,972,529</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>(22,817,953</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=2 FACE=ARIAL>DISTRIBUTIONS
 TO COMMON SHAREHOLDERS (NOTE 5)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL>From
 net investment income</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>(145,880,132</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>(148,090,420</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=2 FACE=ARIAL><B>Net decrease in net assets from distributions to
 shareholders</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>(145,880,132</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=2 FACE=ARIAL>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>(148,090,420</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=2 FACE=ARIAL>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL><B>Net Decrease in Net Assets</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>(114,907,603</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>(170,908,373</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=2 FACE=ARIAL><B>Net Assets</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Beginning of year</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>1,134,041,005</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>1,304,949,378</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 <P></P>
 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>End of year*</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>$1,019,133,402</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>$1,134,041,005</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 <P></P>
 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL>TRANSACTIONS
 IN CAPITAL SHARES</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=2 FACE=ARIAL>Common
 shares outstanding &#150; beginning of year</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>221,030,493</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>221,030,493</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL>Common
 shares issued as reinvestment of dividends</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>&#151;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>&#151;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;


 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=2 FACE=ARIAL>Common
 shares outstanding &#150; end of year</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>221,030,493</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>221,030,493</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL>*Including
 undistributed net investment income of:</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>$14,679,389</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>$11,503,002</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2 ><I>See Notes to Financial Statements.</I></FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 width=100%>
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="100%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 >16</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4><P ALIGN=LEFT STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<BR>
<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 width=100%>
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="50%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="50%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2><img  src="c71227003_v1.jpg" ALT="(ALPINE LOGO)"></font></P>
 </TD>
 <TD VALIGN=bottom>
 <P ALIGN=RIGHT><FONT SIZE=4>F<A  NAME="c71227a008_v1"></A>inancial Highlights</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD COLSPAN=2 VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2 >(For a share outstanding
 throughout the period)</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 width=100%>
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="34%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="10%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="2%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="10%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="2%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="10%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="2%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="10%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="2%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="10%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER STYLE='MARGIN-LEFT:8.65PT;  TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1  FACE=ARIAL><B>For the<BR>
 Year Ended<BR>
 October 31, 2012</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1  FACE=ARIAL><B>For the<BR>
 Year Ended<BR>
 October 31, 2011</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1  FACE=ARIAL><B>For the<BR>
 Year Ended<BR>
 October 31, 2010</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1  FACE=ARIAL><B>For the<BR>
 Year Ended<BR>
 October 31, 2009</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1  FACE=ARIAL><B>For the<BR>
 Year Ended<BR>
 October 31, 2008</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD COLSPAN=16 VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=1 FACE=ARIAL>PER COMMON SHARE
 OPERATING PERFORMANCE</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=1 FACE=ARIAL>Net asset value per
 share, beginning of year</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>$5.13</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>$5.90</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>$6.68</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>$7.85</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>$20.23</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=1 FACE=ARIAL>Income/(loss) from
 investment operations:</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=1 FACE=ARIAL>Net investment
 income</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>0.68</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>0.66</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>0.76</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>1.61</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>2.49</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=1 FACE=ARIAL>Net realized and
 unrealized gain/(loss)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>(0.54</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1 FACE=ARIAL>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>(0.76</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1 FACE=ARIAL>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>(0.35</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1 FACE=ARIAL>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>(1.10</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1 FACE=ARIAL>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>(12.17</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1 FACE=ARIAL>)</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=1 FACE=ARIAL>Total from
 investment operations</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>0.14</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>(0.10</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1 FACE=ARIAL>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>0.41</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>0.51</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>(9.68</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1 FACE=ARIAL>)</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=1 FACE=ARIAL>LESS DISTRIBUTIONS
 FROM:</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
<tr>
<TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=1 FACE=ARIAL>Net investment
 income</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>(0.66</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1 FACE=ARIAL>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>(0.67</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1 FACE=ARIAL>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>(1.19</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1 FACE=ARIAL>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>(1.68</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1 FACE=ARIAL>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>(2.70</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1 FACE=ARIAL>)</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=1 FACE=ARIAL>Total distributions</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>(0.66</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1 FACE=ARIAL>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>(0.67</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1 FACE=ARIAL>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>(1.19</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1 FACE=ARIAL>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>(1.68</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1 FACE=ARIAL>)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>(2.70</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1 FACE=ARIAL>)</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;


 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=1 FACE=ARIAL>Net asset value per
 share, end of year</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>$4.61</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>$5.13</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>$5.90</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>$6.68</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>$7.85</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=1 FACE=ARIAL>Per share market
 value, end of year</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>$4.22</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>$4.90</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>$5.63</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>$8.47</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>$8.15</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=1 FACE=ARIAL>Total return based
 on:</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=1 FACE=ARIAL>Net Asset Value<SUP>(1)</SUP></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>4.01%</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1 FACE=ARIAL>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>(2.28)%</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1 FACE=ARIAL>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>4.52%</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1 FACE=ARIAL>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>8.71%<SUP>(3</SUP></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1 FACE=ARIAL><SUP>)</SUP></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>(52.86)%</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1 FACE=ARIAL>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-RIGHT:0IN;MARGIN-LEFT:25.9PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=1 FACE=ARIAL>Market Value<SUP>(1)</SUP></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>(0.32)%</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1 FACE=ARIAL>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>(2.19)%</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1 FACE=ARIAL>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>(21.34)%</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1 FACE=ARIAL>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>32.76%</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1 FACE=ARIAL>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>(50.25)%</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1 FACE=ARIAL>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=1 FACE=ARIAL>RATIOS/SUPPLEMENTAL
 DATA</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
<tr>
<TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=1 FACE=ARIAL>Net Assets at end
 of year (000)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>$1,019,133</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>$1,134,041</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>$1,304,949</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>$1,452,683</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>$1,660,807</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=1 FACE=ARIAL>Ratio of total
 expenses to average net assets</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>1.27%</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1 FACE=ARIAL>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>1.35%</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1 FACE=ARIAL>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>1.53%</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1 FACE=ARIAL>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>1.45%</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1 FACE=ARIAL>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>1.35%</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1 FACE=ARIAL>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=1 FACE=ARIAL>Ratio of total
 expenses excluding interest expense to <BR>
 average net assets</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>1.23%</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1 FACE=ARIAL>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>1.29%</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1 FACE=ARIAL>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>1.42%</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1 FACE=ARIAL>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>1.41%</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1 FACE=ARIAL>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>1.30%</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1 FACE=ARIAL>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=1 FACE=ARIAL>Ratio of net
 investment income to average <BR>
 net assets</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>14.14%</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1 FACE=ARIAL>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>11.00%</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1 FACE=ARIAL>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>12.19%</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1 FACE=ARIAL>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>24.48%</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1 FACE=ARIAL>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>17.06%</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1 FACE=ARIAL>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=1 FACE=ARIAL>Portfolio turnover
 rate</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>310%</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1 FACE=ARIAL>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>367%<SUP>(2</SUP></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1 FACE=ARIAL><SUP>)</SUP></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>487%<SUP>(2</SUP></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1 FACE=ARIAL><SUP>)</SUP></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>653%<SUP>(2</SUP></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1 FACE=ARIAL><SUP>)</SUP></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>423%</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1 FACE=ARIAL>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=1 FACE=ARIAL><B>Borrowing
 at End of Year</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=1 FACE=ARIAL>Aggregate Amount
 Outstanding (000)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>$51,500</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>$46,571</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>$179,465</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>$75,605</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>N/A</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=1 FACE=ARIAL>Asset Coverage Per
 $1,000</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>$20,789</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>$25,351</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>$8,271</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>$20,214</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1  FACE=ARIAL>N/A</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 width=100%>
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="2%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="98%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P style="margin-top:-2px"><I><FONT SIZE=2 ><SUP> (1)</SUP></FONT></I></P>
 </TD>
 <TD VALIGN=TOP>
 <P style="margin-top:2px" ALIGN=JUSTIFY><FONT SIZE=2 ><I>Total investment
 return is calculated assuming a purchase of a common share at the opening on
 the first day and a sale at closing on the last day of each period reported.
 Dividends and distributions, if any, are assumed for purposes of this
 calculation to be reinvested at prices obtained under the Fund&#146;s dividend
 reinvestment plan. Total investment returns do not reflect brokerage
 commissions paid directly by the Fund&#146;s common shareholders. Past performance
 is not a guarantee of future results.</I></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P style="margin-top:-2px"><I><FONT SIZE=2 ><SUP> (2)</SUP></FONT></I></P>
 </TD>
 <TD VALIGN=TOP>
 <P style="margin-top:2px" ALIGN=JUSTIFY><FONT SIZE=2 ><I>Portfolio turnover
 rate does not reflect total return swap transactions.</I></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P style="margin-top:-2px"><I><FONT SIZE=2 ><SUP> (3)</SUP></FONT></I></P>
 </TD>
 <TD VALIGN=TOP>
 <P style="margin-top:2px" ALIGN=JUSTIFY><FONT SIZE=2 ><I>In 2009, 0.09% of
 the Fund&#146;s total return consists of a voluntary reimbursement by the Adviser
 for a realized investment loss, and another 0.07% consists of a realized loss
 on an investment not meeting the Fund&#146;s investment restrictions. Excluding
 these items, total return would have been 8.55%.</I></FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 width=100%>
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="96%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="4%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD COLSPAN=2 VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Annual
 Report | October 31, 2012</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2>17</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

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

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="50%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="50%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=4>N<A NAME="c71227a009_v1"></A>otes
 to Financial Statements</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN="RIGHT"><FONT SIZE=1><img src="c71227003_v1.jpg" alt="(ALPINE LOGO)"></FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>

 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>October 31, 2012</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>


<DIV STYLE="POSITION:RELATIVE; FLOAT:LEFT; WIDTH:48%">

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="100%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL><B>1.
 ORGANIZATION:</B></FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
</TABLE>
<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>Alpine Total Dynamic Dividend Fund (the &#147;Fund&#148;) is a diversified,
closed-end management investment company. The Fund was organized as a Delaware
statutory trust on October 27, 2006, and had no operating history prior to
January 26, 2007. The Board of Trustees authorized an unlimited number of
shares with no par value. The Fund has an investment objective to seek high
current dividend income. The Fund also focuses on long-term growth of capital
as a secondary investment objective.</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="100%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL><B>2. SIGNIFICANT
 ACCOUNTING POLICIES:</B></FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
</TABLE>
<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>The following is a summary of significant accounting policies
consistently followed by the Fund in the preparation of its financial
statements. The policies are in conformity with accounting principles generally
accepted in the United States of America (&#147;GAAP&#148;), which require management to
make estimates and assumptions that affect amounts reported herein. Actual
results could differ from those estimates. Changes in the economic environment,
financial markets and any other parameters used in determining these estimates
could cause actual results to differ.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL><B>Valuation of Securities: </B><FONT FACE=ARIAL>The net
asset value (&#147;NAV&#148;) of shares of the Fund is calculated by dividing the value of
the Fund&#146;s net assets by the number of outstanding shares. NAV is determined
each day the New York Stock Exchange (&#147;NYSE&#148;) is open as of the close of
regular trading (normally, 4:00 p.m., Eastern time). In computing NAV,
portfolio securities of the Fund are valued at their current market values
determined on the basis of market quotations. In computing the Fund&#146;s net asset
value, portfolio securities that are traded on a securities exchange in the
United States, except for option securities, are valued at the last reported
sale price as of the time of valuation, or lacking any current reported sale at
the time of valuation, at the mean between the most recent bid and asked
quotations, or if market quotations are not available or determined to be
unreliable, through procedures and/or guidelines established by the Board of
Trustees. Each option security traded on a securities exchange in the United
States is valued at the last current reported sale price as of the time of
valuation if the last current reported sale price falls within the consolidated
bid/ask quote for the option security. If the last current reported sale price
as of the time of valuation does not fall within the consolidated bid/ask quote
for the option security, the security is valued at the mid-point of the
consolidated bid/ask quote for the option security. Forward currency contracts
are valued based on third-party vendor quotations. Each security traded in the
over-the-counter market and quoted on the NASDAQ National Market System, is valued
at the NASDAQ Official Closing Price (&#147;NOCP&#148;), as determined by NASDAQ, or
lacking an NOCP, the last current reported sale price as of the time of
valuation by NASDAQ, or lacking any current reported sale on NASDAQ at the time
of valuation, at the mean between the most recent bid and asked quotations.
Each over-the-counter option that is not traded through</FONT></FONT></P>
</DIV>

<DIV STYLE="POSITION:RELATIVE; FLOAT:RIGHT; WIDTH:48%">

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>the Options Clearing Corporation is valued by the counterparty, or if
the counterparty&#146;s price is not readily available, then by using the Black
Scholes method. Each other security traded over-the-counter is valued at the
mean between the most recent bid and asked quotations. Short-term securities
with maturities of 60 days or less are valued at amortized cost, which
approximates fair value.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>Securities that are principally traded in a foreign market are valued at
the last current sale price at the time of valuation or lacking any current or
reported sale, at the time of valuation, at the mean between the most recent
bid and asked quotations as of the close of the appropriate exchange or other
designated time. Trading in securities on European and Far Eastern securities
exchanges and over-the-counter markets is normally completed at various times
before the close of business on each day on which the NYSE is open. Trading of
these securities may not take place on every NYSE business day. In addition,
trading may take place in various foreign markets on Saturdays or on other days
when the NYSE is not open and on which the Fund&#146;s net asset value is not calculated.
As stated below, if the market prices are not readily available or are not
reflective of the fair value of the security, as of the close of the regular
trading on the NYSE, the security will be priced at a fair value following
procedures approved by the Board of Trustees.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>When market quotations are not readily available or when the valuation
methods mentioned above are not reflective of a fair value of the security, the
security is valued at fair value following procedures and/or guidelines
approved by the Board of Trustees. The Fund may also use fair value pricing, if
the value of a security it holds is, pursuant to Board of Trustees guidelines,
materially affected by events occurring before the Fund&#146;s pricing time but
after the close of the primary market or exchange on which the security is
traded. These procedures may utilize valuations furnished by pricing services
approved by the Board of Trustees, which may be based on market transactions
for comparable securities and various relationships between securities that are
generally recognized by institutional traders, a computerized matrix system, or
appraisals derived from information concerning the securities or similar
securities received from recognized dealers in those securities. When fair
value pricing is employed, the value of the portfolio security used to
calculate the Fund&#146;s net asset value may differ from quoted or official closing
prices.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL><B>Fair Value Measurement: </B><FONT FACE=ARIAL>In
accordance with GAAP, the Fund uses a three-tier hierarchy to establish classification
of fair value measurements for disclosure purposes. Inputs refer broadly to the
assumptions that market participants would use in pricing the asset or
liability, including assumptions about risk. Inputs may be observable or
unobservable. Observable inputs are inputs that reflect the assumptions market
participants would use in pricing the asset or liability that are developed
based on market data obtained from sources independent of the reporting entity.
Unobservable inputs are inputs that reflect the reporting entities&#146; own
assumptions about the assumptions market participants would use in pricing the
asset or liability that are developed based on the best information available.</FONT></FONT></P>
</DIV>

<BR CLEAR=ALL><BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="100%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>18</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

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

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="50%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="50%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1><img src="c71227003_v1.jpg" alt="(ALPINE LOGO)"></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=4>Notes
 to Financial Statements</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2>October
 31, 2012</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<DIV STYLE="POSITION:RELATIVE; FLOAT:LEFT; WIDTH:48%">

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="15%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="85%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>Level 1&nbsp;&nbsp;-</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN="JUSTIFY"><FONT SIZE=2 FACE=ARIAL>Quoted prices in active markets
 for identical investments.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>Level 2&nbsp;&nbsp;-</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN="JUSTIFY"><FONT SIZE=2 FACE=ARIAL>Other significant observable
 inputs (including quoted prices for similar instruments, interest rates,
 prepayment speeds, credit risk, yield curves, default rates, etc.).</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>Level 3&nbsp;&nbsp;-</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN="JUSTIFY"><FONT SIZE=2 FACE=ARIAL>Significant unobservable inputs
 (including the Fund&#146;s own assumptions in determining the fair value of
 investments).</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>The availability of observable inputs can vary from security to security
and is affected by a wide variety of factors, including, for example, the type
of security, whether the security is new and not yet established in the
marketplace, the liquidity of markets, and other characteristics particular to
the security. To the extent that valuation is based on models or inputs that
are less observable or unobservable in the</FONT></P>
</DIV>

<DIV STYLE="POSITION:RELATIVE; FLOAT:RIGHT; WIDTH:48%">

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>market, the determination of fair value requires more judgment.
Accordingly, the degree of judgment exercised in determining fair value is
greatest for instruments categorized in Level 3.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>The inputs used to measure fair value may fall into different levels of
the fair value hierarchy. In such cases, for disclosure purposes, the level in
the fair value hierarchy within which the fair value measurement falls in its
entirety, is determined based on the lowest level input that is significant to
the fair value measurement in its entirety.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>Various inputs are used in determining the value of the Fund&#146;s
investments as of the reporting period end. The designated input levels are not
necessarily an indication of the risk or liquidity associated with these
investments. These inputs are categorized in the following hierarchy under
applicable financial accounting standards.</FONT></P>
</DIV>

<BR CLEAR=ALL><BR>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>The following is a summary of the inputs used to value the Fund&#146;s
investments as of October 31, 2012:</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="34%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="12%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="12%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="12%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="12%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=8 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=2  FACE=ARIAL><B>Valuation Inputs</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER>&nbsp;</P>
 </TD>
 <TD COLSPAN=8 VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL><B>Investments in
 Securities at Value*</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=2  FACE=ARIAL><B>Level 1</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=2  FACE=ARIAL><B>Level 2</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=2  FACE=ARIAL><B>Level 3**</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=2  FACE=ARIAL><B>Total Value</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD COLSPAN=2 VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD COLSPAN=2 VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD COLSPAN=2 VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD COLSPAN=2 VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Common Stocks</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=2 FACE=ARIAL>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>1,063,614,564</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=2 FACE=ARIAL>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>&#151;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=2 FACE=ARIAL>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>&#151;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=2 FACE=ARIAL>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>1,063,614,564</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Equity-Linked Structured Notes</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>&#151;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>11,781,336</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>&#151;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>11,781,336</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL><B>Total</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=2 FACE=ARIAL>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>1,063,614,564</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=2 FACE=ARIAL>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>11,781,336</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=2 FACE=ARIAL>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>&#151;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=2 FACE=ARIAL>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>1,075,395,900</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;



 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;


 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
</TABLE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="4%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="2%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="94%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2  ><I>*</I></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 ><I>For detailed
 country descriptions, see accompanying Schedule of Portfolio Investments.</I></FONT></P>
 </TD>
 </TR>
<tr>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2  ><I>**</I></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 ><I>During the year
 ended October 31, 2012, the Fund did not hold any Level 3 securities.</I></FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>The following table shows transfers between Level 1 and Level 2:</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="34%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="12%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="12%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="12%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="12%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=5 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=2  FACE=ARIAL><B>Transfers In*</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=5 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=2  FACE=ARIAL><B>Transfers Out*</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER>&nbsp;</P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER>&nbsp;</P>
 </TD>
 <TD COLSPAN=5 VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD COLSPAN=5 VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=2  FACE=ARIAL><B>Level 1</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=2  FACE=ARIAL><B>Level 2</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=2  FACE=ARIAL><B>Level 1</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=2  FACE=ARIAL><B>Level 2</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD COLSPAN=2 VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD COLSPAN=2 VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD COLSPAN=2 VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD COLSPAN=2 VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>$</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>154,322,095</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>$</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>&#151;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>$</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>&#151;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>$</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>(154,322,095</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL>)</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="4%" VALIGN=TOP>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="2%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="94%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2  ><I>*</I></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=2 ><I>The Fund recognizes transfers between the Levels based on
 values as of the beginning of the year. The transfers were due to the fair
 valuation, in accordance with procedures approved by the Board of Trustees,
 as of October 31, 2011 of certain securities due to developments that
 occurred between the time of the close of the foreign markets on which they
 trade and the close of regular session trading on the NYSE. No such fair
 valuation was required on October 31, 2012.</I></FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<DIV STYLE="POSITION:RELATIVE; FLOAT:LEFT; WIDTH:48%">

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL><B>Security Transactions and Investment Income: </B><FONT FACE=ARIAL>Security
transactions are accounted for on a trade date basis. Realized gains and losses
are computed on the identified cost basis. Interest income is recorded on the
accrual basis and includes accretion of discounts and amortization of premiums,
where applicable. To the extent any issuer defaults or a credit event occurs
that impacts the issuer, the Fund may halt any additional interest income
accruals and consider the realizability of interest accrued up to the date of
default or credit event. Dividend income is recorded on the ex-dividend date or
in the case of some foreign securities, on the date thereafter when the Fund is
made aware of the dividend. Foreign income may be subject to foreign
withholding taxes, which are accrued as applicable. Capital gains realized on
some foreign securities are subject to foreign taxes, which are accrued as
applicable. Dividends and interest from non-U.S. sources received by the Fund
are generally subject to non-U.S. withholding taxes at rates ranging up to 30%.
Such withholding taxes may be reduced or eliminated under the terms of
applicable U.S. income tax treaties, and the Fund intends to undertake any
procedural steps required to claim the benefits of such treaties.</FONT></FONT></P>

</DIV>

<DIV STYLE="POSITION:RELATIVE; FLOAT:RIGHT; WIDTH:48%">

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL><B>Federal and Other Income Taxes: </B><FONT FACE=ARIAL>It is the
Fund&#146;s policy to comply with the Federal income and excise tax requirement of
the Internal Revenue Code of 1986 (the &#147;Code&#148;), as amended applicable to
regulated investment companies and to distribute timely, all of its investment
company taxable income and net realized capital gains to shareholders in
accordance with timing requirements imposed by the Code. Therefore, no federal
income or state tax provision is required in the Fund&#146;s financial statements.
Under applicable foreign tax laws, a withholding tax may be imposed on
interest, dividends, and capital gains earned on foreign investments. Where
available, the Fund will file refund claims for foreign taxes withheld.</FONT></FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>Management has analyzed the Fund&#146;s tax positions taken on income tax
returns for all open tax years and has concluded that as of October 31, 2012,
no provision for income tax is required in the Fund&#146;s financial statements. The
Fund&#146;s federal and state income and federal excise tax returns for tax years for
which the applicable statutes of limitations have not expired are subject to
examination by Internal Revenue Service and state departments of revenue. As</FONT></P>
</DIV>

<BR CLEAR=ALL><BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="50%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="50%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Annual Report | October 31,
 2012</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2>19</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

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

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="50%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="50%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=4>Notes to Financial
 Statements</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN="RIGHT"><FONT SIZE=1><img src="c71227003_v1.jpg" alt="(ALPINE LOGO)"></FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>October 31, 2012</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<DIV STYLE="POSITION:RELATIVE; FLOAT:LEFT; WIDTH:48%">

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>of October 31, 2012, open Federal and New York tax years include the tax
years ended October 31, 2009 through 2012.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL><B>Reclassification: </B><FONT FACE=ARIAL>GAAP requires that certain
components of net assets be reclassified to reflect permanent differences
between financial and tax reporting. These reclassifications have no effect on
net assets or net asset value per share.</FONT></FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL><B>Distributions to Shareholders: </B><FONT FACE=ARIAL>The Fund
intends to make a level distribution each month to its shareholders of the net
investment income of the Fund after payment of Fund operating expenses. The
level distribution rate may be modified or eliminated by the Board of Trustees
from time to time. If a monthly distribution exceeds the Fund&#146;s monthly
estimated investment company taxable income (which term may include net
short-term capital gain) and net tax-exempt income, the excess could result in
a tax-free return of capital distribution from the Fund&#146;s assets. The
determination of a tax-free return of capital is made on an annual basis as
further described below. The Fund&#146;s final distribution for each calendar year
will include any remaining investment company taxable income and net tax-exempt
income undistributed during the year, as well as all net capital gains, if any,
realized during the year. If the total distributions made in any fiscal year
exceed annual investment company taxable income, net tax- exempt income and net
capital gain, such excess distributed amount would be treated as ordinary
dividend income to the extent of the Fund&#146;s current and accumulated earnings
and profits. Distributions in excess of the accumulated investment company
taxable income, net tax-exempt income and net capital gain would first be a
tax-free return of capital to the extent of the adjusted tax basis in the
shares. After such adjusted tax basis is reduced to zero, the distribution
would constitute capital gain (assuming the shares are held as capital assets).
Distributions to shareholders are recorded by the Fund on the ex-dividend date
and are determined in accordance with income tax regulations, which may differ
from GAAP.</FONT></FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL><B>Foreign Currency Translation Transactions: </B><FONT FACE=ARIAL>The Fund
may invest a portion of its assets in foreign securities. In the event that the
Fund executes a foreign security transaction, the Fund will generally enter
into a forward foreign currency contract to settle the foreign security
transaction. The books and records of the Fund are maintained in U.S. dollars.
Non-U.S. dollar denominated amounts are translated into U.S. dollars as
follows, with the resultant translation gains and losses recorded in the
Statement of Operations:</FONT></FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="8%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="92%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>i)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>market
 value of investment securities and other assets and liabilities at the
 exchange rate on the valuation date.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>ii)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>purchases
 and sales of investment securities, income and expenses at the exchange rate
 prevailing on the respective date of such transactions.</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL><B>Risk Associated With Foreign Securities and Currencies:
</B><FONT FACE=ARIAL>Investments in securities of foreign issuers carry certain
risks not</FONT></FONT></P>

</DIV>

<DIV STYLE="POSITION:RELATIVE; FLOAT:RIGHT; WIDTH:48%">

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>ordinarily associated with investments in securities of domestic
issuers. Such risks include future political and economic developments and the
possible imposition of exchange controls or other foreign governmental laws and
restrictions. In addition, with respect to certain countries, there is a possibility
of expropriation of assets, confiscatory taxation, political or social
instability or diplomatic developments, which could adversely affect
investments in those countries. Certain countries may also impose substantial
restrictions on investments in their capital markets by foreign entities,
including restrictions on investments in issuers or industries deemed sensitive
to relevant national interests. These factors may limit the investment
opportunities available to the Fund or result in a lack of liquidity and high
price volatility with respect to securities of issuers from developing
countries.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL><B>Equity-Linked Structured Notes: </B><FONT FACE=ARIAL>The Fund
may invest in equity-linked structured notes. Equity-linked structured notes
are derivative securities which are specially designed to combine the
characteristics of one or more underlying securities and their equity
derivatives in a single note form. The return and/or yield or income component
may be based on the performance of the underlying equity securities, and equity
index, and/or option positions. Equity-linked structured notes are typically
offered in limited transactions by financial institutions in either registered
or non-registered form. An investment in equity-linked structured notes creates
exposure to the credit risk of the issuing financial institution, as well as to
the market risk of the underlying securities. There is no guaranteed return of
principal with these securities and the appreciation potential of these
securities may be limited by a maximum payment or call right. In certain cases,
equity-linked structured notes may be more volatile and less liquid than less
complex securities or other types of fixed- income securities. Such securities
may exhibit price behavior that does not correlate with other fixed-income
securities.</FONT></FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL><B>Forward Currency Contracts: </B><FONT FACE=ARIAL>The Fund is
subject to foreign currency exchange rate risk in the normal course of pursuing
its investment objective. The Fund may use forward currency contracts to gain
exposure to or economically hedge against changes in the value of foreign
currencies. A forward currency contract (&#147;forward&#148;) is an agreement between two
parties to buy and sell a currency at a set price on a future date. The market
value of the forward contract fluctuates with changes in forward currency
exchange rates. The forward contract is marked-to-market daily and the change
in market value is recorded by the Fund as unrealized appreciation or
depreciation. When the forward contract is closed, the Fund records a realized
gain or loss equal to the fluctuation in value during the period the forward
contract was open. The Fund could be exposed to risk if a counterparty is
unable to meet the terms of a forward or if the value of the currency changes
unfavorably. The Fund did not hold forward currency contracts as of October 31,
2012.</FONT></FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>During the year ended October 31, 2012, the Fund entered into 21 forward
currency contracts and recorded a net realized gain of</FONT></P>

</DIV>

<BR CLEAR=ALL><BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="100%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;



 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>20</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

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

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="50%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="50%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1><img src="c71227003_v1.jpg" alt="(ALPINE LOGO)"></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=4>Notes
 to Financial Statements</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2>October
 31, 2012</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<DIV STYLE="POSITION:RELATIVE; FLOAT:LEFT; WIDTH:48%">

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>$2,335,389 on the Statement of Operations related to investments in
forward currency contracts.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL><B>Derivative instruments and hedging activities: </B><FONT FACE=ARIAL>Financial
Accounting Standards Board Codification Topic 815 requires enhanced disclosure
about an entity&#146;s derivative and hedging activities.</FONT></FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>The following table provides information about the effect of derivatives
and hedging activities on the Fund&#146;s Statement of Operations for the year ended
October 31, 2012. The table provides additional detail about the amounts and
sources of gains (losses) realized on derivatives during the year and the
change in unrealized appreciation (depreciation) resulting from the Fund&#146;s
derivatives and hedging activities during the year.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>The effect of derivative instruments on the Statement of Operations for
the year ended October 31, 2012 was as follows:</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="42%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="19%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="2%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="12%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="2%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="10%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL><B>Derivatives</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=2  FACE=ARIAL><B>Statement of<BR>
 Operations<BR>
 Location</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM NOWRAP>
 <P ALIGN=CENTER><FONT SIZE=2  FACE=ARIAL><B>Realized<BR>
 Gain<BR>
 on Derivatives</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM NOWRAP>
 <P ALIGN=CENTER><FONT SIZE=2  FACE=ARIAL><B>Change in<BR>
 Unrealized<BR>
 Appreciation/<BR>
 Depreciation<BR>on Derivatives</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD COLSPAN=2 VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD COLSPAN=2 VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD COLSPAN=2 VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL>Forward currency contracts</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL>Net realized loss on investments:
 Foreign currency transactions/Change in net unrealized
 appreciation/depreciation from: Foreign currency translations</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>2,335,389</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>&#151;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD COLSPAN=2 VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;


 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL>Total</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>2,335,389</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>&#151;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD COLSPAN=2 VALIGN=TOP STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
</TABLE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="100%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL><B>3.
 PURCHASES AND SALES OF SECURITIES:</B></FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
</TABLE>
<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>Purchases and sales of securities (excluding short term securities) for
the year ended October 31, 2012 are as follows:</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="48%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="4%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="48%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2  FACE=ARIAL><B>Purchases</B></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2  FACE=ARIAL><B>Sales</B></FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2  FACE=ARIAL>$3,378,511,459</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2  FACE=ARIAL>$3,340,421,876</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 </TR>
</TABLE>
<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>The Fund did not have purchases and sales of U.S. Government obligations
for the year ended October 31, 2012.</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="100%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL><B>4.
 INVESTMENT ADVISORY AGREEMENT AND ADMINISTRATION AGREEMENT:</B></FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
</TABLE>
<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>Alpine Woods Capital Investors, LLC (&#147;Alpine Woods&#148;) serves as the
Fund&#146;s investment adviser pursuant to an Investment Advisory Agreement with the
Fund. As compensation for its services to the Fund, Alpine Woods receives an
annual investment advisory fee of 1.00% based on the Fund&#146;s average daily Total
Assets, computed daily and payable monthly.</FONT></P>

</DIV>

<DIV STYLE="POSITION:RELATIVE; FLOAT:RIGHT; WIDTH:48%">

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>State Street Bank and Trust Company (&#147;SSBT&#148;) serves as the Fund&#146;s
administrator pursuant to an Administration Agreement with the Fund. As
compensation for its services to the Fund, SSBT receives an annual
administration fee of 0.02% of total net assets on the first $5 billion and
0.015% on total net assets exceeding $5 billion, computed daily and payable
monthly.</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="100%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL><B>5. INCOME
 TAX INFORMATION:</B></FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
</TABLE>
<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL><B>Classification of Distributions: </B><FONT FACE=ARIAL>Net
investment income (loss) and net realized gain (loss) may differ for financial
statement and tax purposes. The character of distributions made during the year
from net investment income or net realized gains may differ from its ultimate
characterization for federal income tax purposes.</FONT></FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>The tax character of the distributions paid by the Fund during the year
ended October 31, 2012 was as follows:</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="83%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="10%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=2 FACE=ARIAL><B>Distributions
 paid from:</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL>Ordinary Income</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>145,880,132</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=2 FACE=ARIAL>Total</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=2 FACE=ARIAL>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>145,880,132</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>Tax components of distributable earnings are determined in accordance
with income tax regulations which may differ from the composition of net assets
reported under GAAP. Accordingly, for the year ended October 31, 2012, the
effects of certain differences were reclassified. The Fund decreased
undistributed net investment income by $2,110,457 and increased accumulated net
realized loss by $2,110,457. These differences were primarily due to the
differing tax treatment of foreign currency and certain other investments. Net
assets of the Fund were unaffected by the reclassifications and the calculation
of net investment income per share in the Financial Highlights excludes these
adjustments.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>At October 31, 2012, the Fund had available for tax purposes unused
capital loss carryovers of $164,214,963, expiring October 31, 2015, unused
capital loss carryovers of $1,575,094,244, expiring October 31, 2016, unused
capital loss carryovers of $896,144,160, expiring October 31, 2017, unused
capital loss carryovers of $342,916,726, expiring October 31, 2018 and unused
capital loss carryovers of $24,530,686, expiring October 31, 2019.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>Under the Regulated Investment Company (&#147;RIC&#148;) Modernization Act of 2010
(the &#147;Modernization Act&#148;), post-enactment capital losses that are carried
forward will retain their character as either short-term or long-term capital
losses rather than being considered all short-term as under previous law.
However, any losses incurred during those future taxable years will be required
to be utilized prior to the losses incurred in pre-enactment taxable years,
which carry an expiration date. As a result of this ordering rule,
pre-enactment capital loss carryovers may be more likely to expire unused.</FONT></P>

</DIV>

<BR CLEAR=ALL><BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="50%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="50%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Annual Report | October 31,
 2012</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2>21</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

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

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="50%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="50%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=4>Notes to Financial
 Statements</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN="RIGHT"><FONT SIZE=1><img src="c71227003_v1.jpg" alt="(ALPINE LOGO)"></FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>October 31, 2012</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<DIV STYLE="POSITION:RELATIVE; FLOAT:LEFT; WIDTH:48%">

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>Capital loss carryovers as of October 31, 2012 with no expiration are as
follows:</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="48%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="4%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="48%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2  FACE=ARIAL><B>Short Term</B></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2  FACE=ARIAL><B>Long Term</B></FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2  FACE=ARIAL>$172,192,738</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2  FACE=ARIAL>$&#151;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
</TABLE>
<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>As of October 31, 2012, the components of distributable earnings on a
tax basis were as follows:</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="81%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="2%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="12%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=2 FACE=ARIAL>Undistributed Ordinary Income</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=2 FACE=ARIAL>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>15,045,809</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL>Accumulated Capital Loss</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>(3,175,093,517</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL>)</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=2 FACE=ARIAL>Unrealized Appreciation</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>100,297,481</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM BGCOLOR="#E5FFFF">
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL>Total</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>(3,059,750,227</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL>)</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 </TR>
</TABLE>
<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>As of October 31, 2012, net unrealized appreciation/(depreciation) of
investments, excluding foreign currency, based on federal tax costs was as
follows:</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="82%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="12%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR BGCOLOR="#E5FFFF">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Gross appreciation on investments<BR>
 (excess of value over tax cost)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>117,325,762</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Gross depreciation on investments<BR>
 (excess of tax cost over value)</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>(16,380,318</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL>)</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR BGCOLOR="#E5FFFF">
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Net unrealized appreciation</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>100,945,444</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P STYLE='MARGIN-LEFT:8.65PT;TEXT-INDENT:-8.65PT'><FONT  SIZE=2 FACE=ARIAL>Cost of investments for income tax purposes</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL>$</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>974,450,456</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:DOUBLE BLACK 3PX">&nbsp;

 </TD>
 </TR>
</TABLE>
<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>The differences between book and tax net unrealized appreciation and
cost were primarily due to deferral of losses from wash sales and to the
different tax treatment of certain other investments.</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="100%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL><B>6. LINE
 OF CREDIT:</B></FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
</TABLE>
<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>On December 1, 2010, the Fund executed a Prime Brokerage Agreement with
BNP Paribas Prime Brokerage International Ltd and also executed a Committed
Facility Agreement which allows the Fund to borrow on a secured and committed
basis. During the year ended October 31, 2012, the maximum commitment amounts
were (i) $300,000,000 from November 1, 2011 through February 28, 2012; (ii)
$700,000,000 from March 1, 2012 through May 31, 2012; and (iii) $300,000,000
from June 1, 2012 through October 31, 2012. As of October 31, 2012, the maximum
commitment amount is $300,000,000 and will increase to $700,000,000 from March
31, 2013 through May 31, 2013, and revert back to $300,000,000 through the
remainder of fiscal 2013, unless terminated with six months&#146; notice. The terms
of the lending agreement indicate the rate to be the Fed Funds rate plus 0.95%
per annum on amounts borrowed. The BNP Paribas Facility provides for secured,
committed line of credit for the Fund where certain Fund assets are pledged
against advances made to the Fund. The maximum amount of the line of credit
available is the lesser of 33.33% of the total assets of the Fund or the
amounts disclosed above, including the amount borrowed. During the year ended
October 31, 2012, the average borrowing by the Fund was $40,051,735 with an
average rate on borrowings of 1.08%. Interest expense related to the loan for
the year ended October 31, 2012 was $440,343. At October 31, 2012 the</FONT></P>

</DIV>

<DIV STYLE="POSITION:RELATIVE; FLOAT:RIGHT; WIDTH:48%">

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>outstanding loan for the fund was $51,499,846. The line of credit
outstanding as of October 31, 2012 approximates fair value and would be
categorized at Level 2.</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="100%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL><B>7.
 SUBSEQUENT EVENTS:</B></FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
</TABLE>
<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL><B>Distributions: </B><FONT FACE=ARIAL>The Fund paid a distribution
of $12,156,677 or $0.055 per common share on November 30, 2012 to common
shareholders of record on November 23, 2012.</FONT></FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>The Fund will also pay a distribution of $0.055 per common share payable
on December 31, 2012 to common shareholders of record on December 21, 2012.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>On December 19, 2012, the Fund also declared a distribution of $0.055
per common share payable on January 31, 2013 to common shareholders of record
on January 24, 2013.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL><B>Portfolio Management: </B><FONT FACE=ARIAL>Effective
December 13, 2012, the Adviser announced a new team based approach to
management of the Fund and that newly appointed co-portfolio managers Joshua
Duitz and Brian Hennessey will lead the new investment team and will be
responsible for the day-to-day management of the Fund. </FONT></FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>The investment team also includes experienced Alpine portfolio managers
and research analysts, who will provide analysis and recommendations regarding
the sectors they cover. The team
includes Samuel A. Lieber (C.E.O.), Stephen A. Lieber (C.I.O.) and Bruce
Ebnother (Senior Investment Risk Strategist) who will provide strategic
oversight. The previous co-portfolio
managers are no longer part of the investment team.</FONT></P>
</DIV>

<BR CLEAR=ALL><BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="100%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>22</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

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

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="50%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="50%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1><img src="c71227003_v1.jpg" alt="(ALPINE LOGO)"></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=4>A<A  NAME="c71227a010_v1"></A>dditional
 Information (unaudited)</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2>October
 31, 2012</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<DIV STYLE="POSITION:RELATIVE; FLOAT:LEFT; WIDTH:48%">

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="100%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL><B>DIVIDEND REINVESTMENT PLAN</B></FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 <P ALIGN=JUSTIFY></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>Unless
 the registered owner of common shares elects to receive cash by contacting
 Boston Financial Data Services, Inc. (&#147;Plan Administrator&#148;), all dividends or
 other distributions (together, &#147;Dividends&#148; and each, a &#147;Dividend&#148;) declared
 on common shares will be automatically reinvested by the Plan Administrator
 for shareholders in the Fund&#146;s Dividend Reinvestment Plan (the &#147;Plan&#148;), in
 additional common shares of the Fund. Shareholders that are not permitted to
 participate through their broker or nominee or who elect not to participate
 in the Plan will receive all Dividends in cash paid by check mailed directly
 to the shareholder of record (or, if the common shares are held in street or
 other nominee name, then to such nominee) by the Plan Administrator, as
 dividend disbursing agent. You may elect not to participate in the Plan and
 to receive all Dividends in cash by contacting the Plan Administrator, as
 dividend disbursing agent, at the address set forth below. Participation in
 the Plan is completely voluntary and may be terminated or resumed at any time
 without penalty by notice if received and processed by the Plan Administrator
 prior to the dividend record date; otherwise such termination or resumption
 will be effective with respect to any subsequently declared Dividend. If you
 hold your shares through a broker, and you wish for all Dividends declared on
 your common shares to be automatically reinvested pursuant to the Plan,
 please contact your broker.</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>The Plan Administrator will open an account for each shareholder under
the Plan in the same name in which such shareholder&#146;s common shares are
registered. Whenever the Fund declares a Dividend payable in cash,
non-participants in the Plan will receive cash and participants in the Plan
will receive the equivalent in common shares. The common shares will be
acquired by the Plan Administrator for the participants&#146; accounts, depending
upon the circumstances described below, either (i) through receipt of
additional unissued but authorized common shares from the Fund (&#147;Newly Issued
common shares&#148;) or (ii) by purchase of outstanding common shares on the open
market (&#147;Open-Market Purchases&#148;) on the NYSE or elsewhere. If, on the payment
date for any Dividend, the closing market price plus estimated brokerage
commissions per share is equal to or greater than the NAV per share, the Plan
Administrator will invest the Dividend amount in Newly Issued common shares on
behalf of the participants. The number of Newly Issued common shares to be
credited to each participant&#146;s account will be determined by dividing the
dollar amount of the Dividend by the NAV per share on the payment date;
provided that, if the NAV is less than or equal to 95% of the closing market
value on the payment date, the dollar amount of the Dividend will be divided by
95% of the closing market price per share on the payment date. If, on the
payment date for any Dividend, the NAV per share is greater than the closing
market value plus estimated brokerage commissions, the Plan Administrator will
invest the Dividend amount in common shares acquired on behalf of the
participants in Open-Market Purchases.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>In the event of a market discount on the payment date for any Dividend,
the Plan Administrator will have until the last business day before the next
date on which the common shares trade on an &#147;ex-</FONT></P>

</DIV>

<DIV STYLE="POSITION:RELATIVE; FLOAT:RIGHT; WIDTH:48%">

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>dividend&#148; basis or 30 days after the payment date for such Dividend,
whichever is sooner (the &#147;Last Purchase Date&#148;), to invest the Dividend amount
in common shares acquired in Open-Market Purchases. If, before the Plan
Administrator has completed its Open-Market Purchases, the market price per
share exceeds the NAV per share, the average per share purchase price paid by
the Plan Administrator may exceed the NAV of the common shares, resulting in
the acquisition of fewer common shares than if the Dividend had been paid in
Newly Issued common shares on the Dividend payment date. Because of the
foregoing difficulty with respect to Open-Market Purchases, the Plan provides
that if the Plan Administrator is unable to invest the full Dividend amount in
Open-Market Purchases during the purchase period or if the market discount
shifts to a market premium during the purchase period, the Plan Administrator
may cease making Open-Market Purchases and may invest the uninvested portion of
the Dividend amount in Newly Issued common shares at the NAV per share at the close
of business on the Last Purchase Date provided that, if the NAV is less than or
equal to 95% of the then current market price per share, the dollar amount of
the Dividend will be divided by 95% of the market price on the payment date for
purposes of determining the number of shares issuable under the Plan.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>The Plan Administrator maintains all shareholders&#146; accounts in the Plan
and furnishes written confirmation of all transactions in the accounts,
including information needed by shareholders for tax records. Common shares in
the account of each Plan participant will be held by the Plan Administrator on
behalf of the Plan participant, and each shareholder proxy will include those
shares purchased or received pursuant to the Plan. The Plan Administrator will
forward all proxy solicitation materials to participants and vote proxies for
shares held under the Plan in accordance with the instructions of the
participants.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>In the case of the Fund&#146;s shareholders such as banks, brokers or
nominees which hold shares for others who are the beneficial owners, the Plan
Administrator will administer the Plan on the basis of the number of common
shares certified from time to time by the record shareholder&#146;s name and held
for the account of beneficial owners who participate in the Plan.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>There will be no brokerage charges with respect to common shares issued
directly by the Fund. However, each participant will pay a pro rata share of
brokerage commissions incurred in connection with Open-Market Purchases. The
automatic reinvestment of Dividends will not relieve participants of any U.S.
federal, state or local income tax that may be payable (or required to be
withheld) on such Dividends. See &#147;Federal and Other Income Taxes.&#148; Participants
that request a sale of common shares through the Plan Administrator are subject
to brokerage commissions.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>Shareholders participating in the Plan may receive benefits not
available to shareholders not participating in the Plan. If the market price
plus commissions of the Fund&#146;s shares is higher than the NAV, participants in
the Plan will receive shares of the Fund for less than they could otherwise
purchase them and will have shares with a cash</FONT></P>

</DIV>

<BR CLEAR=ALL><BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="50%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="50%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Annual Report | October 31,
 2012</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2>23</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

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

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="50%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="50%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=4>Additional Information
 (unaudited)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN="RIGHT"><FONT SIZE=1><img src="c71227003_v1.jpg" alt="(ALPINE LOGO)"></FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>October 31, 2012</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<DIV STYLE="POSITION:RELATIVE; FLOAT:LEFT; WIDTH:48%">

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>value greater than the value of any cash distribution they would have
received on their shares. If the market price plus commissions is below the net
asset value, participants receive distributions of shares with a NAV greater
than the value of any cash distribution they would have received on their
shares. However, there may be insufficient shares available in the market to
make distributions in shares at prices below the NAV. Also, because the Fund
does not redeem its shares, the price on resale may be more or less than the
NAV.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>The Fund reserves the right to amend or terminate the Plan. There is no
direct service charge to participants with regard to purchases in the Plan;
however, the Fund reserves the right to amend the Plan to include a service
charge payable by the participants.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>All correspondence or questions concerning the Plan should be directed
to the Plan Administrator, Boston Financial Data Services Inc. c/o Alpine
Closed-End Funds, PO Box 8128, Boston, MA 02266-8128 or by calling toll-free 1
(800) 617.7616.</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="100%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL><B>FUND PROXY VOTING POLICIES &amp; PROCEDURES</B></FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 <P ALIGN=JUSTIFY></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>Policies
 and procedures used in determining how to vote proxies relating to portfolio
 securities and a summary of proxies voted by the Fund are available without a
 charge, upon request, by contacting the Fund at 1(800) 617.7616 and on the
 Securities and Exchange Commission&#146;s (&#147;Commission&#148;) web site at
 http://www.sec.gov.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL><B>PORTFOLIO HOLDINGS</B></FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 <P ALIGN=JUSTIFY></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>The Fund
 files its complete schedule of portfolio holdings with the Commission for the
 first and third quarters of each fiscal year on Form N-Q within 60 days after
 the end of the period. Copies of the Fund&#146;s Forms N-Q are available without a
 charge, upon request, by contacting the Fund at 1(800)617.7616 and on the
 Commission&#146;s web site at http://www.sec.gov. You may also review and copy
 Form N-Q at the Commission&#146;s Public Reference Room in Washington, D.C. For
 more information about the operation of the Public Reference Room, please
 call the Commission at 1(800)SEC.0330.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL><B>DESIGNATION REQUIREMENTS</B></FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 <P ALIGN=JUSTIFY></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>Of the
 distributions paid by the Fund from ordinary income for the year ended
 October 31, 2012, the following percentages met the requirements to be
 treated as qualifying for the corporate dividends received deduction and
 qualified dividend income, respectively.</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="71%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="69%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="4%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="14%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="9%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="2%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>Dividends
 Received Deduction</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>12.15</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL>%</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>Qualified
 Dividend Income</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>37.99</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL>%</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>

</DIV>

<DIV STYLE="POSITION:RELATIVE; FLOAT:RIGHT; WIDTH:48%">

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="100%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL><B>SHAREHOLDER MEETING</B></FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 <P ALIGN=JUSTIFY></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>On June
 8, 2012, the Fund held its Annual Meeting of Shareholders (the &#147;Meeting&#148;) for
 the purpose of voting on a proposal to re-elect one trustee of the Fund and
 to conduct other business. The results of the proposals below reflect the
 percentage of shares voted at the meeting and are as follows:</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL><B>Proposal 1: </B><FONT FACE=ARIAL>To elect Samuel A. Lieber as
Trustee to the Board of Trustees for a term of three years to expire at the
2015 Annual Meeting and until his successor has been duly elected and
qualified.</FONT></FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="71%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="69%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="4%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="14%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="9%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="2%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>

 <TD COLSPAN=4 VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL><B>Samuel A. Lieber</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL>For</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>94.07</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL>%</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL>Withheld</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>5.93</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL>%</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>
<P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL><B>Proposal 2: </B><FONT FACE=ARIAL>To transact such other
business as may properly come before the meeting or any adjournments or
postponements thereof.</FONT></FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="71%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="69%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="4%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="14%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="9%" VALIGN=BOTTOM>
 <P ALIGN=RIGHT>&nbsp;</P>
 </TD>
 <TD WIDTH="2%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR BGCOLOR="#E5FFFF">
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>For</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>93.69</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL>%</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>Against</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>7.45</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL>%</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR BGCOLOR="#E5FFFF">
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>Abstain</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL>1.62</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL>%</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="100%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL><B>NOTICE</B></FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 <P ALIGN=JUSTIFY></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=2 FACE=ARIAL>Notice is
 hereby given in accordance with Section 23(c) of the Investment Company Act
 of 1940 that the Fund may purchase at market prices from time to time its
 common shares in the open market.</FONT></P>
 </TD>
 </TR>
</TABLE>

</DIV>

<BR CLEAR=ALL><BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="100%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>24</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

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

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="50%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="50%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL><img src="c71227003_v1.jpg" ALT="(ALPINE LOGO)"></font></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=4  >Additional Information (unaudited)</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2 >October 31, 2012</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="16%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="17%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="25%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="14%" VALIGN=BOTTOM>
 <P ALIGN=CENTER>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="18%" VALIGN=BOTTOM>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=4 VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL><B>INDEPENDENT
 TRUSTEES<SUP>*</SUP></B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD COLSPAN=9 VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL><B>Name and Age</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL><B>Position(s) Held<BR>
 with the Fund</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL><B>Principal
 Occupation During<BR>
 Past Five Years</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=2  FACE=ARIAL><B># of Portfolios <BR>
 in Alpine Fund<BR>
 Complex**</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL><B>Other
 Directorships<BR>
 Held by Trustee</B></FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;



 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
<tr>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>H. Guy Leibler (58)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>Independent Trustee</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>Private investor since
 2007, Vice Chair and Chief Operating Officer of L&amp;L Acquisitions, LLC
 (2004-2007); President, Skidmore, Owings &amp; Merrill LLP (2001-2004).</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2 FACE=ARIAL>17</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>Chairman Emeritus, White
 Plains Hospital Center; Trustee, Alpine Family of Funds.*</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>Jeffrey E. Wacksman (52)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>Independent Trustee</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>Partner, Loeb, Block &amp;
 Partners LLP since 1994.</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2 FACE=ARIAL>17</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>Director, International Succession
 Planning Association; Director, Bondi Icebergs Inc.; Director, MH Properties,
 Inc.; Trustee, Alpine Family of Funds.*</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>James A. Jacobson (67)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>Independent Trustee</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>Retired (11/2008-Present);
 Vice Chairman and Managing Director, Spear Leeds &amp; Kellogg Specialists,
 LLC (01/2003-11/2008).</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2 FACE=ARIAL>17</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>Trustee, Alpine Family of
 Funds.* Trustee, Allianz Global Investors Multi- Funds.</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>Eleanor T.M. Hoagland (61)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>Independent Trustee</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>Principal, VCS Advisory,
 LLC (since 2011); Chief Compliance Officer and Senior Managing Director of
 Magni Asset Management LLC (since 2011) and Park Fifth Capital Management LLC
 (since 2011); Vice President (2008-2010)and CCO (2009-2010), Ameriprise
 Financial Inc.; Managing Director (2000-2008) and CCO (2004-2008), J. &amp; W.
 Seligman &amp; Co. Incorporated.</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2 FACE=ARIAL>17</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>Trustee of each of the
 Alpine Trusts.*</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=BOTTOM STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

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

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="3%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="97%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 ><I>*</I></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN="JUSTIFY"><FONT SIZE=2 ><I>The Independent
 Trustees identified above are the members of the Board of Trustees for each
 of the Alpine Series Trust, Alpine Equity Trust and Alpine Income Trust,
 Alpine Global Dynamic Dividend Fund, Alpine Global Premier Properties Fund,
 and Alpine Total Dynamic Dividend Fund, (collectively, the &#147;Alpine Family of
 Funds&#148;).</I></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 ><I>**</I></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN="JUSTIFY"><FONT SIZE=2 ><I>Alpine Woods
 Capital Investors, LLC manages seventeen fund portfolios within the Alpine
 Family of Funds. Three of the Alpine Trusts are registered as an open-end
 management investment company. The Trustees oversee each of the seventeen
 portfolios within the Alpine Family of Funds.</I></FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="95%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 >Annual Report | October 31, 2012</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2  >25</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

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

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="50%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="50%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=4 >Additional Information
 (unaudited)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2  ><img src="c71227003_v1.jpg" ALT="(ALPINE LOGO)"></font></P>
 </TD>
 </TR>
<TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 >October 31, 2012</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>

</TABLE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="16%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="17%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="25%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="13%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="18%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=4 VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL><B>INTERESTED
 TRUSTEE</B></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL><B>Name and Age</B></FONT></P>
 </TD>
 <TD>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL><B>Position(s) Held<BR>
 with the Fund</B></FONT></P>
 </TD>
 <TD>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL><B>Principal
 Occupation During<BR>
 Past Five Years</B></FONT></P>
 </TD>
 <TD>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
<TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=2  FACE=ARIAL><B># of Portfolios<BR>
 in Alpine Fund<BR>
 Complex**</B></FONT></P>
 </TD>
 <TD>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL><B>Other
 Directorships<BR>
 Held by Trustee</B></FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>Samuel A. Lieber* (56)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>Interested Trustee and President</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>Chief Executive Officer of Alpine
 Woods Capital Investors, LLC since, November 1997. President of Alpine Trusts
 since 1998.</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2  FACE=ARIAL>17</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>Trustee, Alpine Family of Funds.</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

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

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="3%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="97%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 ><I>*</I></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 ><I>Samuel A.
 Lieber has been a Trustee of the Fund since its inception. He is the son of
 Stephen A. Lieber.</I></FONT></P>
 </TD>
 </TR>
<tr>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 ><I>**</I></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 ><I>Alpine Woods
 Capital Investors, LLC manages seventeen fund portfolios within the Alpine
 Family of Funds. Three of the Alpine Trusts are registered as open-end
 management investment companies. The Trustees oversee each of the seventeen
 portfolios within the Alpine Family of Funds.</I></FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="100%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 >26</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

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

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="50%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="50%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL><img src="c71227003_v1.jpg"ALT="(ALPINE LOGO)"></font></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=RIGHT><FONT SIZE=4 >Additional Information (unaudited)</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2>October 31, 2012</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="16%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="17%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="25%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="13%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="1%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="18%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=8 VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL><B>In addition to
 Mr. Samuel A. Lieber, the table below identifies the Fund&#146;s executive
 officers.</B></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL><B>Name and Age</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL><B>Position(s) Held<BR>
 with the Fund</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL><B>Principal Occupation
 During<BR>
 Past Five Years</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=2  FACE=ARIAL><B># of Portfolios<BR>
 in Alpine Fund<BR>
 Complex**</B></FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 FACE=ARIAL><B>Other
 Directorships<BR>
 Held by Trustee</B></FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>Stephen A. Lieber (87)<SUP>*</SUP></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>Executive Vice President</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>Chief Investment Officer, Alpine
 Woods Capital Investors, LLC since 2003. Chairman and Senior Portfolio
 Manager, Saxon Woods Advisors, LLC since 1999.</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2  FACE=ARIAL>17</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>None</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>John M. Megyesi (52)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>Chief Compliance Officer</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>Chief Compliance Officer, Alpine
 Woods Capital Investors, LLC since January 2010; Vice President and Manager,
 Trade Surveillance, Credit Suisse Asset Management, LLC (2006-2010); Manager,
 Trading and Surveillance, Allianz Global Investors (2004-2006).</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2  FACE=ARIAL>17</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>None</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>Ronald Palmer (44)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>Chief Financial Officer and
 Treasurer</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>Chief Financial Officer, Alpine
 Woods Capital Investors, LLC since January 2010; Independent Consultant
 (2008-2010); Vice President, Cash Management and Foreign Exchange, Macquarie
 Capital Management, LLC (2007-2008); Chief Operating Officer, Macquarie Fund
 Adviser, LLC (2004-2007).</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2  FACE=ARIAL>17</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>None</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>Andrew Pappert (32)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>Secretary</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>Director of Fund Operations,
 Alpine Woods Capital Investors, LLC since September 2008; Assistant Vice
 President, Mutual Fund Operations, Credit Suisse Asset Management, LLC
 (2003-2008).</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=CENTER><FONT SIZE=2  FACE=ARIAL>17</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 FACE=ARIAL>None</FONT></P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:1 PX">
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

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

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="3%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="97%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 ><I>*</I></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 ><I>Stephen A.
 Lieber is the father of Samuel A. Lieber.</I></FONT></P>
 </TD>
 </TR>
<tr>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 ><I>**</I></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 ><I>Alpine Woods
 Capital Investors, LLC manages seventeen fund portfolios within the Alpine
 Family of Funds. Three of the Alpine Trusts are registered as an open-end
 management investment company. The Trustees oversee each of the seventeen
 portfolios within the Alpine Family of Funds.</I></FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="96%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="4%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
<TR STYLE="FONT-SIZE:1 PX">
 <TD colspan=2 VALIGN=TOP STYLE="BORDER-BOTTOM:SOLID BLACK 1PX">&nbsp;

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 >Annual Report |
 October 31, 2012</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2  >27</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

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

 <P ALIGN="CENTER"><FONT FACE="ARIAL" SIZE="2"><B>(THIS PAGE INTENTIONALLY LEFT BLANK)</B> </FONT></P>


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

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH=100%>
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="48%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="2%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="2%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="48%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR STYLE="FONT-SIZE:13PX">
 <TD VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=TOP STYLE="BORDER-RIGHT:SOLID BLACK 1PX">
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=4  COLOR="#00529B"><B>I<SMALL>NVESTOR </SMALL></B></FONT></P>
 </TD>
 <TD VALIGN=TOP STYLE="BORDER-RIGHT:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=MIDDLE ROWSPAN=2>
 <P><FONT SIZE=2 FACE=ARIAL COLOR=#5C5D5F>1(800) 617.7616<BR> www.alpinefunds.com</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=4  COLOR="#00529B"><B>I<SMALL>NFORMATION</SMALL></B></FONT></P>
 </TD>
 <TD VALIGN=TOP STYLE="BORDER-RIGHT:SOLID BLACK 1PX">&nbsp;

 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>

 </TR>
  <TR STYLE="FONT-SIZE:13PX">
 <TD VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=TOP STYLE="BORDER-RIGHT:SOLID BLACK 1PX">
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
</TABLE>
<P ALIGN="RIGHT"><FONT SIZE=1><img src="c71227009_v1.jpg" ALT="(ALPINE LOGO)"></FONT></P>
<BR>

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

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH=100%>
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="100%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=3  COLOR="#00529B"><B>I<SMALL>NVESTMENT</SMALL> A<SMALL>DVISER</SMALL></B></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL COLOR=#5C5D5F>Alpine Woods Capital Investors, LLC</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL COLOR=#5C5D5F>2500 Westchester Ave., Suite 215</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL COLOR=#5C5D5F>Purchase, NY 10577</FONT></P>
 </TD>
 </TR>

 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=3  COLOR="#00529B"><B>A<SMALL>DMINISTRATOR</SMALL> &amp;</B></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=3  COLOR="#00529B"><B>C<SMALL>USTODIAN</SMALL></B></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL COLOR=#5C5D5F>State Street Bank &amp; Trust Company</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL COLOR=#5C5D5F>One Lincoln Street</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL COLOR=#5C5D5F>Boston, MA 02111</FONT></P>
 </TD>
 </TR>

 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=3  COLOR="#00529B"><B>T<SMALL>RANSFER</SMALL> A<SMALL>GENT</SMALL></B></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL COLOR=#5C5D5F>Boston Financial Data Services, Inc.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL COLOR=#5C5D5F>Two Heritage Drive</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL COLOR=#5C5D5F>North Quincy, MA 02171   </FONT></P>
 </TD>
 </TR>

 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=3  COLOR="#00529B"><B><SMALL>INDEPENDENT</SMALL></B><FONT SIZE=3  COLOR="#00529B"><B> <SMALL>REGISTERED</SMALL></B></FONT></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT COLOR="#00529B" SIZE="3"><B><SMALL>PUBLIC ACCOUNTING FIRM</SMALL></B> </FONT> </P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL COLOR=#5C5D5F>Deloitte &amp; Touche LLP</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL COLOR=#5C5D5F>500 College Road East</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL COLOR=#5C5D5F>Princeton, NJ 08540</FONT></P>
 </TD>
 </TR>

 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=3  COLOR="#00529B"><B>F<SMALL>UND</SMALL> C<SMALL>OUNSEL</SMALL></B></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL COLOR=#5C5D5F>Willkie Farr &amp; Gallagher</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL COLOR=#5C5D5F>787 7th Ave.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=2  FACE=ARIAL COLOR=#5C5D5F>New York, NY 10019</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>

 <TR>
 <TD VALIGN=TOP>
<P ALIGN="RIGHT"><FONT SIZE=1><img src="c71227010_v1.jpg" ALT="(ALPINE LOGO)"></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=4  COLOR="#00529B">INVESTOR<FONT SIZE=4 COLOR="#00529B"> INFORMATION</FONT></FONT></P>
 </TD>
 </TR>
<tr>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=3 COLOR=#5C5D5F><B>1(800) 617.7616</B></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P ALIGN=RIGHT><FONT SIZE=3  FACE=ARIAL COLOR=#5C5D5F>www.alpinefunds.com</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

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


<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="8%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="92%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 ><B>Item
 2.</B></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 ><B>Code
 of Ethics.</B></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 >(a) The
 Registrant, as of the end of the period covered by the report, has adopted a
 code of ethics that applies to the Registrant&#146;s principal executive officer,
 principal financial officer, principal accounting officer or controller or
 persons performing similar functions.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 >(b) Not
 applicable.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 >(c) There have
 been no amendments, during the period covered by this report, to a provision
 of the code of ethics that applies to the Registrant&#146;s principal executive
 officer, principal financial officer, principal accounting officer or
 controller, or persons performing similar functions and that relates to any
 element of the code of ethics described in Item 2(b) of Form N-CSR.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 >(d) The Registrant
 has not granted any waivers, including an implicit waiver, from a provision
 of the code of ethics that applies to the registrant&#146;s principal executive
 officer, principal financial officer, principal accounting officer or
 controller, or persons performing similar functions that relates to any
 element of the code of ethics described in Item 2(b) of Form N-CSR.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 >(e) Not
 applicable.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 >(f) The
 Registrant&#146;s Code of Ethics is attached as Exhibit 12(A)(1) hereto.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 ><B>Item
 3.</B></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 ><B>Audit
 Committee Financial Expert.</B></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 >(a)(1) The
 Board of Trustees of the Registrant has determined that the Registrant has at
 least one audit committee financial expert serving on its audit committee.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 >(a)(2) The
 Board of Trustees has determined that James A. Jacobson and H. Guy Leibler
 are audit committee financial experts. Messrs. Jacobson and Leibler are
 &#147;independent&#148; as defined in paragraph (a)(2) of Item 3 to Form N-CSR. It has
 been determined that Mr. Jacobson qualifies as an audit committee financial
 expert based on his extensive experience in the financial services industry,
 including serving for more than 15 years as a senior executive at a New York
 Stock Exchange (&#147;NYSE&#148;) specialist firm and as a member of the NYSE Board of
 Directors (including terms as Vice Chair), his other board service, as well
 as his educational background. It has been determined that Mr. Leibler
 qualifies as an audit committee financial expert based on his substantial
 experience as a senior executive of an operating company actively supervising
 principal financial officers in the preparation of financial statements,
 other board service, as well as his educational background.</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

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

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="8%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="92%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 >(a)(3) Not
 applicable.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 ><B>Item
 4.</B></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 ><B>Principal
 Accountant Fees and Services.</B></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2 >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Audit
 Fees: The aggregate fees billed for each of the last two fiscal years for
 professional services rendered by the principal accountant for the audit of
 the registrant&#146;s annual financial statements or services that are normally
 provided by the accountant in connection with statutory and regulatory
 filings or engagements for fiscal year 2011 was $68,333 and fiscal year 2012
 was $86,116.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2 >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Audit-Related
 Fees: The aggregate fees billed in each of the last two fiscal years for
 assurance and related services by the principal accountant that are
 reasonably related to the performance of the audit of the registrant&#146;s
 financial statements and are not reported under paragraph (a) of this Item
 was $0 in fiscal year 2011 and $0 in fiscal year 2012.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2 >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Tax
 Fees: The aggregate fees billed in each of the last two fiscal years for
 professional services rendered by the principal accountant for tax
 compliance, tax advice, and tax planning was $10,919 in fiscal year 2011 and
 $9,677 in fiscal year 2012.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2 >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) All
 Other Fees: The aggregate fees billed in each of the last two fiscal years
 for products and services provided by the principal accountant, other than
 the services reported in paragraphs (a) through (c) of this Item is $0 in
 fiscal year 2011 and $10,947 in fiscal year 2012. The fees were for
 consulting and advisory services regarding enterprise risk management.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2 >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)(1) Audit
 Committee Pre-Approval Policies and Procedures: All services to be performed
 by the Registrant&#146;s principal auditors must be pre-approved by the
 Registrant&#146;s audit committee, which may include the approval of certain
 services up to an amount determined by the audit committee. Any services that
 would exceed that amount would require additional approval of the audit
 committee.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2 >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)(2) No
 services described in paragraphs (b) through (d) were approved pursuant to
 paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2 >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Not
 applicable.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2 >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) The
 aggregate non-audit fees billed by the registrant&#146;s accountant for services
 rendered to the registrant, and the registrant&#146;s investment adviser, and any
 entity controlling, controlled by, or under common control with the adviser
 that provides ongoing services to the registrant was $0 in fiscal year 2011
 and $109,474 in fiscal year 2012.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2 >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) Not
 applicable</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 ><B>Item
 5.</B></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 ><B>Audit
 Committee of Listed Registrants.</B></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 >The Registrant has
 a separately designated standing audit committee established in accordance
 with Section 3(a)(58)(A) of the Exchange Act which is comprised of the
 following members:</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

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

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="8%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="92%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 >Eleanor T.M.
 Hoagland</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 >H. Guy Leibler</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 >Jeffrey E.
 Wacksman</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 >James A. Jacobson</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 ><B>Item
 6.</B></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 ><B>Schedule
 of Investments.</B></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 >(a) The Schedule
 of Investments is included as part of the Report to Stockholders filed under Item 1 of
 this form.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 >(b) Not
 applicable.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 ><B>Item
 7.</B></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 ><B>Disclosure
 of Proxy Voting Policies and Procedures for Closed-End Management Investment
 Companies.</B></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 >The registrant&#146;s
 proxy voting policies and procedures are attached hereto as Exhibit 12(a)(4).</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 ><B>Item
 8.</B></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 ><B>Portfolio
 Managers of Closed-End Management Investment Companies.</B></FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2 >(a)(1) As of
December 31, 2012 </FONT></P>


<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="12%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="15%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="3%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="16%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="2%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="46%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 ><B>Name</B></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 ><B>Title</B></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 ><B>Length
 of <BR>Service</B></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 ><B>Business
 Experience 5 Years</B></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 >Joshua Duitz</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 >Portfolio Manager</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 >Since December
 2012</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 >Mr. Joshua Duitz
 joined Alpine in February 2007, after eight years at Bear Stearns, where Mr.
 Duitz was a Managing Director Principal who specialized in trading
 international equities.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 >Brian Hennessey</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 >Portfolio Manager</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 >Since December
 2012</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 >Mr. Brian
 Hennessey joined Alpine in December 2008, bringing nine years of investment
 experience. Mr. Hennessey has previously worked at Tribeca Global Investments
 (a former unit of Citigroup) and Litespeed Partners, Partners Re Asset
 Management and Putnam Investments.</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2 >(a)(2) Other
Accounts Managed as of December 31, 2012
</FONT></P>


<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="26%" VALIGN=BOTTOM>
 <P ALIGN=CENTER>&nbsp;</P> </TD>
 <TD WIDTH="2%" VALIGN=BOTTOM>
 <P ALIGN=CENTER>&nbsp;</P> </TD>
 <TD WIDTH="12%" VALIGN=BOTTOM>
 <P ALIGN=CENTER>&nbsp;</P> </TD>
 <TD WIDTH="3%" VALIGN=BOTTOM>
 <P ALIGN=CENTER>&nbsp;</P> </TD>
 <TD WIDTH="2%" VALIGN=BOTTOM>
 <P ALIGN=CENTER>&nbsp;</P> </TD>
 <TD WIDTH="14%" VALIGN=BOTTOM>
 <P ALIGN=CENTER>&nbsp;</P> </TD>
 <TD WIDTH="2%" VALIGN=BOTTOM>
 <P ALIGN=CENTER>&nbsp;</P> </TD>
 <TD WIDTH="13%" COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER>&nbsp;</P> </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P ALIGN=CENTER>&nbsp;</P> </TD>
 <TD WIDTH="8%" VALIGN=BOTTOM>
 <P ALIGN=CENTER>&nbsp;</P> </TD>
 <TD WIDTH="1%" VALIGN=BOTTOM>
 <P ALIGN=CENTER>&nbsp;</P> </TD>
 <TD WIDTH="9%" VALIGN=BOTTOM>
 <P ALIGN=CENTER>&nbsp;</P> </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD COLSPAN=4 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=2  ><B>Advisory Fee Based<BR>
 on Performance</B></FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=2  ><B>Type of Accounts</B></FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=2  ><B>Number<BR>
 of<BR>
 Accounts</B></FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=2  ><B>Total Assets<BR>
 ($ in<BR>
 millions)</B></FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=2  ><B>Number<BR>
 of<BR>
 Accounts</B></FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=2  ><B>Total<BR>
 Assets</B></FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P ALIGN=CENTER><FONT SIZE=2  ><B>Material<BR>
 Conflicts if<BR>
 Any</B></FONT></P> </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 ><B>Joshua
 Duitz</B></FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 >&nbsp;</FONT></P> </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM nowrap>
 <P><FONT SIZE=2 >Registered Investment Companies</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 >3</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 >$</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 >515.4</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 >0</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P><FONT SIZE=2 >0</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 >See below<SUP>(1)</SUP></FONT><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 </TR>

 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 >Other Pooled
 Accounts</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 >0</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 >0</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 >0</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P><FONT SIZE=2 >0</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 >Other Accounts</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 >1</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 >7.5</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 >0</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P><FONT SIZE=2 >0</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 ><B>Brian Hennessey</B></FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 >&nbsp;</FONT></P> </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 >Registered Investment Companies</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 >2</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 >$459.0</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 >0</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P><FONT SIZE=2 >0</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 >See below<SUP>(1)</SUP></FONT><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 </TR>

 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 >Other Pooled
 Accounts</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 >0</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 >0</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 >0</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P><FONT SIZE=2 >0</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 </TR>
 <TR>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 >Other Accounts</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 >1</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 >7.5</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=2 >0</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD COLSPAN=2 VALIGN=BOTTOM>
 <P><FONT SIZE=2 >0</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 <TD VALIGN=BOTTOM>
 <P><FONT SIZE=1>&nbsp;</FONT></P> </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2 >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <SUP> (1)</SUP>Conflicts of interest may arise
because the Fund&#146;s Portfolio Managers have day-to-day management
responsibilities with respect to both the Fund and various other accounts.
These potential conflicts include:</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4><P ALIGN=LEFT STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2 >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Limited Resources.</I> The Portfolio Managers
cannot devote their full time and attention to the management of each of the
accounts that they manage. Accordingly, the Portfolio Managers may be limited
in their ability to identify investment opportunities for each of the accounts
that are as attractive as might be the case if the Portfolio Managers were to
devote substantially more attention to the management of a single account. The
effects of this potential conflict may be more pronounced where the accounts
have different investment strategies. </FONT></P>

<P><FONT SIZE=2 >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Limited Investment Opportunities.</I> Other
clients of the Alpine Woods Capital Investors LLC (the &#147;Adviser&#148;) may have
investment objectives and policies similar to those of the Fund. The Adviser
may, from time to time, make recommendations which result in the purchase or
sale of a particular security by its other clients simultaneously with the
Fund. If transactions on behalf of more than one client during the same period
increase the demand for securities being purchased or the supply of securities
being sold, there may be an adverse effect on price or quantity. It is the
policy of the Adviser to allocate advisory recommendations and the placing of
orders in a manner that it believes is equitable to the accounts involved,
including the Fund. When two or more clients of the Adviser are purchasing or
selling the same security on a given day from the same broker-dealer, such
transactions may be averaged as to price.
</FONT></P>

<P><FONT SIZE=2 >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Different Investment Strategies.</I> The
accounts managed by the Portfolio Managers have differing investment
strategies. If the Portfolio Managers determine that an investment opportunity
may be appropriate for only some of the accounts or decide that certain of the
accounts should take different positions with respect to a particular security,
the Portfolio Managers may effect transactions for one or more accounts which
may affect the market price of the security or the execution of the
transaction, or both, to the detriment or benefit of one or more other
accounts. </FONT></P>

<P><FONT SIZE=2 >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Variation in Compensation.</I> A conflict of
interest may arise where the Adviser is compensated differently by the accounts
that are managed by the Portfolio Managers. If certain accounts pay higher
management fees or performance- based incentive fees, the Portfolio Managers
might be motivated to prefer certain accounts over others. The Portfolio
Managers might also be motivated to favor accounts in which they have a greater
ownership interest or accounts that are more likely to enhance the Portfolio
Managers&#146; performance record or to otherwise benefit the Portfolio Managers. </FONT></P>

<P><FONT SIZE=2 >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Selection of Brokers.</I> The Portfolio
Managers may select the brokers that execute securities transactions for the
accounts that they supervise. In addition to executing trades, some brokers
provide the Portfolio Managers with research and other services which may
require the payment of higher brokerage fees than might otherwise be available.
The Portfolio Managers&#146; decision as to the selection of brokers could yield
disproportionate costs and benefits among the
</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4><P ALIGN=LEFT STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2 >accounts that they
manage, since the research and other services provided by brokers may be more
beneficial to some accounts than to others.
</FONT></P>

<P><FONT SIZE=2 >Where conflicts of interest arise between the Fund and other accounts
managed by the Portfolio Managers, the Portfolio Managers will use good faith
efforts so that the Fund will not be treated materially less favorably than
other accounts. There may be instances where similar portfolio transactions may
be executed for the same security for numerous accounts managed by the
Portfolio Managers. In such instances, securities will be allocated in
accordance with the Adviser&#146;s trade allocation policy. </FONT></P>

<P><FONT SIZE=2 >(a)(3) Portfolio Manager Compensation as of December 31, 2012 </FONT></P>

<P><FONT SIZE=2 >Portfolio manager compensation is comprised of a fixed base salary and a bonus. The base salary is not based
on the value of assets managed, but rather on the individual portfolio manager&rsquo;s experience and responsibilities. The
bonus also varies by individual, and is based upon criteria that incorporate management&rsquo;s assessment of the
Fund&rsquo;s performance relative to returns of comparable mutual funds tracked by Lipper Analytical Services, Inc.,
Morningstar or Bloomberg LLP, as well the portfolio manager&rsquo;s corporate citizenship and overall contribution to
the Firm.</FONT></P>

<P><FONT SIZE=2 >(a)(4) Dollar Range of Securities Owned as of December 31, 2012</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="18%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="2%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="80%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 ><B>Portfolio
 Manager</B></FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 ><B>Dollar
 Range of Equity Securities Held in Registrant <SUP>1</SUP></B></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 >Joshua Duitz</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 >None</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 >Joshua Duitz</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 >None</FONT></P>
 </TD>
 </TR>
</TABLE>

<P><FONT SIZE=2 ><SUP>1 </SUP><FONT size=2>&#147;Beneficial Ownership&#148; is determined in accordance with Section
16a-1(a)(2) of the Securities Exchange Act of 1934, as amended </FONT></FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="8%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="4%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="88%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 ><B>Item
 9.</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2 ><B>Purchases
 of Equity Securities by Closed-End Management Investment Company and
 Affiliated Purchasers.</B></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2 >Not Applicable.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 ><B>Item
 10.</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2 ><B>Submission
 of Matters to Vote of Security Holders.</B></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2 >There have been no
 material changes to the procedures by which shareholders may recommend
 nominees to the Registrant&#146;s Board of Trustees.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 ><B>Item
 11.</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2 ><B>Controls
 and Procedures.</B></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 >(a)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 >The Registrant&#146;s
 principal executive officer and principal financial officer have evaluated the Registrant&#146;s disclosure
 controls and procedures (as defined in Rule
 30a-3(c) under the Investment Company Act of 1940, as amended) within
 90 days of this filing and have
 concluded that the registrant&#146;s disclosure controls and procedures were effective, as of that date.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 >(b)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 >There was no
 change in the Registrant&#146;s internal control over financial reporting (as defined in Rule 30a-3(d) under the
 Investment Company Act of 1940, as
 amended) during the second fiscal quarter of the period covered by
 this report that</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

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

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="8%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="4%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="88%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 >has materially
 affected, or is reasonably likely to materially affect, the registrant&#146;s
 internal control over financial reporting.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2 ><B>Item
 12.</B></FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2 ><B>Exhibits.</B></FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2 >(a)(1) The Code of Ethics that applies to the
 Registrant&#146;s principal executive officer and principal financial officer is
 attached hereto as Exhibit 12.A.1.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2 >(a)(2) The
 certifications required by Rule 30a-2(a) of the Investment Company Act of
 1940, as amended, and Section 302 of the Sarbanes-Oxley Act of 2002 are
 attached hereto as Ex99.Cert.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2 >(a)(3) Not
 applicable.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2 >(a)(4) The
 Registrant&#146;s Proxy Voting Policies and Procedures are attached hereto in
 response to Item 7.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2 >(b) The certifications by the Registrant&#146;s
 Principal Executive Officer and Principal Financial Officer, as required by
 Rule 30a-2(b) of the Investment Company Act of 1940, as amended, and Section
 906 of the Sarbanes-Oxley Act of 2002 are attached hereto as Ex99.906Cert.</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

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


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

<P ALIGN="JUSTIFY"><FONT SIZE=2>Pursuant to the
requirements of the Securities Exchange Act of 1934 and the Investment Company
Act of 1940, the registrant has duly caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized.</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="33%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="61%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>Alpine Total Dynamic Dividend Fund</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>By:</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>/s/ Samuel
 A. Lieber</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Samuel A.
 Lieber</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>Chief
 Executive Officer (Principal Executive Officer)</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Date:</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>January 7,
 2013</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>

<P ALIGN="JUSTIFY"><FONT SIZE=2>Pursuant to
the requirements of the Securities Exchange Act of 1934 and the Investment
Company Act of 1940, this report has been signed below by the following persons
on behalf of the registrant and in the capacities and on the dates indicated.</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="30%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="64%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>By:</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>/s/ Samuel
 A. Lieber</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Samuel A.
 Lieber</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>Chief
 Executive Officer (Principal Executive Officer)</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>By:</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>/s/ Ronald
 G. Palmer, Jr.</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Ronald G.
 Palmer, Jr.</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>Chief
 Financial Officer (Principal Financial Officer)</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Date:</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>January 7,
 2013</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>c71227001_v1.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 c71227001_v1.jpg
M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````/```_^X`#D%D
M;V)E`&3``````?_;`(0`!@0$!`4$!@4%!@D&!08)"P@&!@@+#`H*"PH*#!`,
M#`P,#`P0#`X/$`\.#!,3%!03$QP;&QL<'Q\?'Q\?'Q\?'P$'!P<-#`T8$!`8
M&A41%1H?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?
M'Q\?'Q\?'Q\?_\``$0@#3P**`P$1``(1`0,1`?_$`+H```(#`0$!`0``````
M```````!`@,$!08'"`$!`0$!`0$```````````````$"`P0%$``!`P($!`(%
M!@H&!@8(!@,!``(#$00A,1(%05$3!F$B<8$R%`>10E(CDPBAL='2,]-4E!47
MP6)R5188X4.S)#17@I*B4W25\/&RHT1D-47"8W.#A"4FM%81`0`#``$"!0,$
M`00"`P`````!$0(#$A0A,5$3!$&Q4O"1H2(R87%B(T(S@7*"_]H`#`,!``(1
M`Q$`/P#\XRRR]5_G=[1XGFOO/"CU93\]WRE4'5E^F[Y2B'U9OIN^4H`2S?3=
M\I0/JR_3=\I1!U9?IN^4H#JR_3=\I5H/JR_3=\I0'5E^F[Y2B'U9?IN^4H#J
MS?3=\I0'6E^F[Y2@.K+]-WRE`=67Z;OE*`ZLOTW?*4#ZLOTW?*4"ZLOTW?*4
M!U9?IN^4H'U9?IN^4H@ZLOTW?*4!U9?IN^4H#JR_3=\I0'5E^F[Y2@.K+]-W
MRE`=67Z;OE*`ZLOTW?*4!U9?IN^4H#JR_3=\I0/JR_3=\I0+JR_3=\I0/JR_
M3=\I0'5E^F[Y2@.K+]-WRE`=67Z;OE*`ZLOTW?*4!U9?IN^4H#JR_3=\I0'5
ME/SW?*50&67Z;OE*A8ZLOTW?*4+/JR_3=\I52QU9?IN^4H`R2_3=\I0L=67Z
M;OE*`ZDOTW?*4HL=67Z;OE*`ZLOTW?*4!U9?IN^4H%U9?IN^4J*8EE^F[Y2J
M@ZLM?;=\I0L=67Z;OE*`ZLOTW?*4!U9?IN^4H6.K+]-WRE`=67Z;OE*`ZLOT
MW?*4!U9?IN^4H#J2_3=\I0L=67Z;OE*`$LOTW?*4`99?IN^4H#JR_3=\I0/J
MRCY[OE*!=67Z;OE*!]6;Z;OE*`ZLOTW?*42QU9?IN^4HMCJR_3=\I0'5E^F[
MY2B6.K+]-WRE`=67Z;OE*`ZLOTW?*4#ZLOTW?*4!U9?IN^4H#JR_3=\I0'4E
M^F[Y2A9]67Z;OE*`ZLOTW?*42QU9?IN^4H-?4D^D?T',J#E2_I7_`-H_C4=D
M4`@:J&@$`@:($!1`T`B"B`0"`0"`0-4"`0"`0%$`$!1`(!`T0%`>**$0("B`
M0&:`*`0'%`T"0"`J@$#0"`Q0"`0"`0"`0"`0"`0"(`BA`<$`$`B!`T!1`(!`
M(!`(!`(!`('1`!$-4"`0"#7^H4'-E'UK_P"T?QK+LBB&J!`!$.B`0-`("B($
M#5`@$`@$`@$`@$`@$`@:`1`@2*:`1`BA$"`0"`10B!`40/B@"$!1`40%$`@"
M@*("B($`B@H@"**(AT0)`Z(!`P$#H%4(A12H@$!1`("B`0.B(*(HH@*("B(*
M(&`J"B%BB`H@*("B`0-$*B**(-?ZA0<Z4?6O_M'\:S#JBJ&B!`('1`(`(@0-
M4"`0"`0"`0"`0"!\$"0-$"``0"`0"`0?2?@[\'[GXA1=PS![X8]KLG&R>R@$
ME_("8(W5!\E&'53'$+S\_/T5_JZ\?'U/G#XY(WNCD:62,):]CL"UP-"#Z"O0
MYRT[5%M4E_$S=;F:UL,3//;Q-GE``J`R-SXFDDX8N%%)NO`A]B^,?PL[$[5^
M&G;6^]MFYN)MXFC>Z_NWGJ/@FMG2M!B;IC9PR%?$KR<'-K6YB?H[<F(C,3#X
MDO8X'1`V!FMNNH94:RW$Z:XTKX(/I'QAV_X.V<>R?RZNY+F22%YW0.?+(!@W
MIN?U?9E)U:FMP\`O/P3R3?6Z\D9^CYM1>AR"($441#0"`0"`0"`]*#Z%VY\!
M?B7W#VO+W'MVVCW0`.M;>9_2N+IF9?`QU`6CAJ(U?-JN&_DXSJIEUSQ:F+>#
MO;*\L;J6SO8)+6[@<636\S71R,<.#FN`(7>)MSF*4HB444LTK(H6.DFD<&1Q
ML!<YSG&@:UHQ))X(/T1VI]TO<+KLN\OM]NG6W<MU;E^T[<P@1V\GM-%R[YSG
MTTD#!M>)R\&_FQ&JCR>K/!X>+\]W5K<VEU-:743H;FW>Z*>%XHYDC"6N:X<P
M11>^)MY9BE5$045`H&`J"B!44`@*("B`H@=%040%$#HB!`(!`Z("B`H@*(AT
M0%$!14L:4+&E"Q1"SHA;5I_V"A;F2_I7_P!H_C679%`(&B!`(!`U0(!`(!`T
M0D4T0<$`@$`@$!1`(&@$"0-`($4'ZB^'7=EK\,=W[)^'TP9'-O43KWN>1P&J
M.\W$`649)]GIAC6.](*^=RX]R-:]/+_X>O$]-0^9_>3[(';/Q+N[F"/1MV^C
M^(6U!1HD>:7#!Z)/-Z'!>CXO)U8_V<N;-2^5')>EP?HWXSPSW7P"^&D,33+/
M-[E'&P8ESG63FM:%X.#_`-NGJY/\(?/9_N_=_6G9DW=%XR"*)I@9:;=%(+FY
MN'7$S86!HAUQCS/^E7P7>/DYG72Y^U-6]-MWW3.]KS:W3'>-LAW5C:R;5K?(
MZ-Q%=$LK`YK7>@$>*YS\W,3Y334<$T^8P_#WNZ3NFX[6-CTMZM':+F">6*%C
M,0`XRR.:S2[4W20<:BB]'NYZ>KZ.71-T[O?OP6[H[,N=BL;Z6"[W3?1+T;2V
M)I&Z(L&DRR:&FNO/`!8X^>-W,>4-;XIBG1W/[O'?FV]J6V^S]">YOKB"VL=I
MLW^\S2&X-&NZD?U0`SP<X4XA9CY69U2^S-6ZFW?=B[FW+:;B?;^X-GO-XM6Z
MKC9K:XZSXW4KTWRLJUK\*8C37YRS/RXB?&)I8X;CS?);?:]RN=S9M5O:RR[E
M)-[LRS8TF4S:M/3#<]6K!>J=15N/3-T]]9?![;_XHW8]W[UV?:NXGN$7\+=U
MIQ',<.C-<QM%NR2N!:'G'!<)YYJXS,PZQQ1Y3/B\]\0/ASW/V)O`VO?H&M=*
MTOM;J$E\$[`:%T;B&G#BT@$+IQ<L;BX8WB<SXO,+HP$$F,?(]L<;2^1Y#6,:
M"7$G(`#$E"G?WOX?=[[%M-MO&\;)=V&VW1TPW$\9:*\`\>U'J^;K`KP6,\N9
MFHEJ<3$6X4%O/<3QV]O&Z6>9[8X8F`N<][S1K6@8DDF@6YEF'Z8^"WW8[RUO
M[?N'ON*,"`B2SV$ELM7_`#7W1%6>7,1BN/M<E\[Y'R_"L_N]?%P5XR_2X`:`
M`*`8`#(!?/>E\L^/?PEVSO/M:\W&UM&_XIVV`R;?<LJ'RMC\[K=]/;#Q4-KD
M[+BO3\;FG&J^CER\?5'^K\;=J]K[SW3OUIL6SP&:_O'Z6`U#6-&+Y)#0Z6,&
M+BOK;W&8N7ASF9FG[.^$_P`!>UNPHH[V0#=.XRWZS<Y6BD9(Q;;L->F/ZWM'
MGP7R>;Y.M^'E#W<?%&7TY>9U?%OBE]V?9N\]\N>X-NW)VT;I=-:;F(Q-EMY9
M&BG4(!8YKG`#403SHO9P_+G$5,7#AR<,:FWY@^(WPZWWL'N'^"[NZ.9[XFSV
MUU!JZ4L;B15NH--6N:0X+Z/%RQN+AY.3$YEY==7,D4T0($BG1$%$`@*(!`40
M-`(!`40%$0Z("BH*("B!T*)8H@=$`@$!1`(-=?\`8*#ER_I7_P!H_C67=&B`
M0"(:H2@:H`@:($`@$#H@2`0"`H@*('1`(!`40"($4(@0-![WX(=HVW<GQ`LO
MX@6,V7:`=TW:64AL38+8AP:]SB&@/DTM-3E5<?D;Z<^'G+KQ9N7=[M^'O=W<
M?=>Y=QW'</;C+N^N77#*;S;5C`/U36FO^K8UH'H7/')G.:J?V;UFYNWU_P"-
M';\W?'P0M-\,MK>;_P!O,;=74MA,RYB+F,#+UC)(ZM(I]93^JO+P:Z.2OI+K
MR1U9?D8Y+ZCQ/T1\;<?N]?#C^S:?_P"BY>'@_P#;IZN3_"&[M+>MTVC[H]_?
M[=<.M[RWGECMYV^W&)+YK'&,GV74>:$8@XC%9WF)YZE8FN-\/^'7>6Z=I]Z;
M;O=G.]I;<,;?,U&D\$CP)62?2JTDX\<5[.7CC69AY\;F)?7/OC;3:0=U;!NT
M+6MN;VTECG<*5=[M(TQN/B!*15>7X,_UF'?Y'G#1]\`ETG9I=B3:W1)/&O04
M^#_Y)\CZ->\[MN5E]T'99+.YDMI)GLM97QN+7&%UU*US-0Q`<T4-.&&2F<Q/
M/+<S_P!;Q?W4IYH?BW%%$XLCGL+IDS1@'-;I>`?0YH*Z_,C^CGP3XO<?#;8K
M)WQU^)F\.C<Z39/?9+,1!NMDUS(ZKXZX:]+7!OI7+EU/MYCUIO&?[3+XTZ7X
M-R5>]O<SGO\`,YYDL"XN.)).G.J]?_9_HY7FWL/C#\:^VN^^S]KV6TVN\AO]
MKFC?%?W;HG%S&Q&.0'IGVG^5Q]"Y<'QYQJ9OS7DY8U%/C@&-%ZG![OM3X(?$
MWN2_AMK?9+FQMY<7W]_$^V@8SBXEX#G>AH)7'?R,9CS=,\6I?K[X<?!WLWL6
MP@;8V<=QN[6`7.\3,#KB1_SBTFO3;R:WASS7RN7GUN?'R>W''&7>[KN(7V;-
MG]UAO[K=]5O#9W+0^`L`K+),TYQ1MQ=S-&YD+&(\;]%U/T>?[1^"/PV[5OAN
M.V[1&[<FO,D=W.73.B<?^Y#RYL8;PTBOBNF_D;U%3/@SGCB'NUP=`@Y^\[S!
MMD#"8WW%U<.Z5G914,LTA%=+:T``&+G'!HQ*UG-I,T\SV#\+=A[3W7>M[M[>
M./=-]N'S2AGF9;Q..KW>(D`Z==7.P%3PH`NG+S3J(CZ0SC%>+VRXMA`(/C_W
MFOA\>YNQ';M9Q:]V[>+KJ/2*N?;$?[Q'ZF@/']GQ7K^)R].J^DN//BX?C#2:
M57UZ?.L`%%L4KDB#2BV2!H!$%$`@=%0E`Z("B`HJ!`T`B!`(&*('5$"!%`51
M31"0"#7^H45RY?TK_P"T?QK+NBB"B!J@H@:($!1`T`@$!1`(@0"*$`B&@2!H
M!`(!`(!`(&&N<X-:"YQP``J2?0@^PW_;>^]C?`<RS6,T.Y][WD;;YYC<'6^W
M6[3)%%)A5AF?YJ'@:+R1N-\O_P!7HJ<X_P!WQS2WD%ZW"WZ0^Z!O-W-+W#VK
M<V[IMGN(1>`N:3$V0D02QD^S]:QS</ZJ\'SL^6OJ]/QYNX?'OBA\/=S[([OO
M]HF@E%B)7/VNY+3HFMGFL9:[(N:#I<.87JX>6-YMQY,5+[+\<]JW&'[OO8+'
MV\@=9BR%T-)K$763@-8IY<<,>*\OQ]1[NG;EC^D+>S=CW+>_ND[GM^V0.N;U
M\T\L5O&*O?T+QLKFM'%VEAH.*F]1'/$RN8OC?"_A_P!G;MW5WAMVR64#W.?<
M,-X_2=,$#'@RR2&GE#6@Y\<%[.3DC.;>?&;E[G[Q_>]KWE\0HK'9#[Y8[/'[
MA;/A\XFN'OK*8]-=0U:6"F=%Q^+Q]&+GZNG-JYJ'M/O@6-V(NS[@Q.Z,<-S#
M(\`D-DI"0TG@2`?D7+X,^;?R(\D^Y]LW!GW0MDC=;R=2*2&XE9I=J;$^[D<U
M[A2H%'M-?%3$Q[\KJ/\`K>-^ZK;7#_BU!*R)[HH;&Z,T@:2U@<&M&H\*DT7;
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MU<`7O.+B!D``+J?I'DD1]75J.:PT*CF@Y>X[R]EP=OVV(7FYT!<PG3#`UV3[
MAXKI')H\SN`I4C<9^L^3,SZ);9LK;69U[=2F]W25NF2[>-.EM:].%F(CCK\T
M8G-Q)Q4UJ_#Z+$.DLJ$`@$">QCV.8]H<QP(<TBH(.!!"#\&_&/L-_9/?E_M4
M;"-MG/O>UNX&VE)(;7_\MP+#Z%]WX_+UXB?J^7S<?3IX9P79SB4<E%*I0"*$
M`B&0@2!A4,A`D`@:`1`@$#H@$`@$$@JAT1"TH6"U%LB%``(-=/\`8**Y<OZ5
M_P#:/XUEV15`@$#1#0)`T`@$0(&@2!H!`(!`(!`(!`(&@2!H!!U^TVQ_QVW>
M_?!VX8@Z2/=],[S$\--`!;!TM795`6=^7E;6//S?0G[A-(US)/C5(]CP0]KH
M]Z((.8(,>*\]?\/LZW'Y?=YW_!'8?_,3;_\`R_<_U*Z>YO\`'[,].?5VMM%K
MM=FRRVSXPBQLV$EEM;P;Q%&"XU-&LC`Q)6)N?/'V6*CZ_==->&8,$WQG=*(W
M"2,/BWEVEXR<*QX'Q3_\?9;C\ONJW'>+Z*PN98OC#-?S,C<Z.R:W=VF9P%1&
M'2,#`7'"KL$B/'_#[),^'^7W>][>N[VS^Z'?WEI-);W4-X98+B)Q9(QPW&.C
MFO:00?%<=1?/^O1TC_UO&7'<>X;SL[;;=/B^UD5W$TWED;3<0ZKFC5',^&`=
M73D?,05UC-3X8^S'5<>;B[5L';.T77O>U?%"UL+K26=>VL]UB?I-"1J9"#3!
M;G6I\\_9F(B/JZ[[^5[=,GQI>]N>ET>].'R&-9K_`(?9JX_+[F=RG(H?C7*1
ME3I[U2G+]&E?\/L7_P`ONSV'NNW1.BV_XP"SBD>Z1\<$&\1M<]YU.<0V,5+B
M:E)N?/'V2*_+[LV\;;LN]B,;S\5X=R$->E[W:[M-HU9Z=<3J5HKF9CRQ]B:G
MZ_=V]N[CW#;=O;MUC\:1#9L;HCB%KNCM#<J,<Z!SF@<*%8G-S<X^S4:K_P`O
MN\O/VEV;<7+[JX^)5E-=2N,DD\ECNCI'/)J7.>82XGQ76-Z_'[,=.?5+_"W:
M/_,VT_<]U_5*=>OQ^Q6?7]?L/\*]H?\`,RT_<]U_5*]>OQ^Q6?7]?L7^%>SZ
MU_F9::J4K[GNM:9T_1)UZ_'[%9]?U^Q_X6[0_P"9EI^Y[K^J3KU^/V*SZ_K]
MA_A;M'_F9:?N>Z_JDZ]?C]BL^OZ_8?X6[1_YF6G[GNOZI.O7X_8K/K^OV29V
MQVFP$,^)UJT.-7:;/=A4Y5-(E.O7X_8J/7]?L?\`ASM;_FA;?NF[?JDZ]?C]
MBH]?U^P_PWVM_P`T+;]TW;]4G7K\?L5'K^OV,=M]K?\`,^V_=-V_5*]>OQ^R
M5'K^OV,]N=K?\S[;]TW;]4G7K\?L5'K^OV'^'.UO^9]M^Z;M^J3KU^/V*CU_
M7[#_``YVM_S/MOW3=OU2=>OQ^Q4>OZ_9P.Z;#:[*:W%CW)'W&'M<9)8XKJ+H
MD$4:?>FL)U9^5=>/4SYQ3CR1Z3;@ERVS$(T44(!`40"H$`H`*AH!$"`0-`('
M1$%$`0$`@`$$@JB050Z!$!`0(M2ELM*E%M6G_8*4MN5*/K7_`-H_C6'H05#"
M(*8H'1`41#0"`0"`0"`0%$`@$`@=$`@`B!%"J!`Z("B`H@*(!`(!`(+;:;H7
M$4YBCG$3@_HR@NC?0UTO`(JT\<5)@B7T2+X^=ZQ=O'MR.RV=NP%AB=M8L&]`
ML<=1!878U=C7.N.:\_;9N_&W;WYJGSV]N1=7<MR((K82N+NA;M+(F5X,:2Z@
M]:]$13E,VHHJ@H@*("B!H@0"`0"`0"`0"`0"`0-`('15`@$`@:`0*B`0"@$`
M@%0(&B!`(!`('5`50,*H=$!1$2%$0ZJ@JA0JB"J!U0:OU*BN3+^E?_:/XUAZ
M$*('1`(AH!`(!`(!`Z('15+*B%A0%$!1`40%$!1`Z*A*`5#0"`0"`0"!H@0"
M`0"`H@$`@$`@$`@$`@$`@$`@$`@$!1`Z(`(B0JJ"B(D&HED6H62-`"J(9:A:
M-"BA`40%$#`1+/24+*A0,-*%GI1+!:4+`:A9$(MA`!`Q5$-4"(:!H"BJ&`4#
MHB-/ZE17+E_2O_M'\:P]"%,40T`@$#0"`0"`1!1`U050.J(*(%1%%$`@$`@*
M("B`0%$`@$`@:($`@$#0"!(&@$`@$`@2!H$@$`@*(&@$`@"B!`Z("BH:(D$1
M(*H1Q01+5&K-H1)3P59(M1;1HHME1`P$+2`"J6*!`:0A9@(AU5!4((FBBE0%
M`:46Q1$"`0-`P`@E15D8("J%%J0IJK_L5&G+E_2O_M'\:P[(H&@$`B!`(!`(
M&J!`Z(@H@2*:(:`H@5$`@$`@*('1`D!1`(!`(!`(!`(!`T`@$`@$`@*(!$"*
M*(AT0%$!1`(!`45!1`P$0(&*('@B"H0%4!5`55#J@*HE"J`124#JJ"J`U(E"
MJ!U0-`D`@81"(12115$-`!`R40512J@*H-5?]@HM.=*/K7_VC^-9=4:(@0"!
MJ@0"`0%$!1`T0(&@$!1`D#"`0"`0)`T`@5$#0)`T"0.B`0%$`@$`B!`T!1`4
M5+"@%0Z(@H@2*$`@$`@$`@*H!`(!`T`B!`50-`('@B"J!$HHQ0,(AT5#HB#!
M`5Q0-$(@(IBB!8("J%$044(!`51")44ZX*A*!50:OU*BL4H^M?\`VC^-1M&B
MH>E$L:2A8H4`@$`@$#0%$0Z(6**@0`"!T1+*B+9*`0"*$`@$`B!`(HH@$#50
M(!`("B`0"`0-`PB`TJ@2`)0%44D`@$`@$`@$`@$`@:`0"(*(H1`@$`@*('1`
MZ(@0/4J46HJ%"J!@%5!5`JJ*850ZH%6B*6I"A50)%.J("4"10@$&K]0HK)*/
MK7_VC^-%1`1$E4`0,M0LM*%E1%L44``A8`5+2`1+,!$.@5+!:$+1H`HJ01`6
MJEH%JBV5%%)%"`1`44(!$-`*@0"`0"`0.J($4D`@$`@$`@$`@:`0"!(!`T`@
M$`B!%"($!1`(!`(!`T`@$`@$`@$#JB#44*+%%"!U1"J@$4(!`(!`(`H"B`0:
MJ?[!0?IEWP@^[@7$F]OJDX_6W'ZM?([SD?2]C('P>^[>3A?7WVUQ^K3O.1/8
MRE_)W[N-/^-O?MI_U:O><AV^2_D]]W']MOOMKC]6G><AV^1_*#[N(_\`CK[[
M:X_5IWO(=O@?R@^[A^W7WVMQ^K3O.0[?)?R?^[?^W7WVUQ^K3O.0]C(_D]]W
M#]NOOMKC]6G><A[&3_D_]W#]MO?MKC]6G><AV^1_)_[N/[;??;7'ZM.\Y#M\
MG_)_[N/[;>_;3_JT[WD.WR/Y/?=R_;;[[:?]6G>\B=O@?R?^[E^VWWVT_P"K
M3O>0[?!_R?\`NY_MM]]M/^K3O>0[?"/\GONX_MM]]M<?JT[SD7M\C^3_`-W'
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M/Y0?=O\`VZ^^UN/U:=YR'L9'\H?NW?MU]]K<?JT[SD/8R/Y0?=O_`&Z^^VN/
MU:=YR'L9/^4'W;_VZ^^VN/U:=YR';Y+^4'W;_P!NOOMKC]6G><A[&1_*#[M_
M[=??;7'ZM.\Y#V,G_*#[M_[=??;7'ZM.\Y#M\C^4'W;_`-NOOMKC]6G><AV^
M1_*#[M_[=??;7'ZM.\Y#V,C^4'W;_P!NOOMKC]6G><AV^1_*#[M_[=??;7'Z
MM.\Y#V,C^4'W;_VZ^^VN/U:=YR';Y'\H/NX?MU]]M<?JT[SD.WR/Y0?=O_;K
M[[:X_5IWG(=OD?R@^[?^W7WVUQ^K3O.0[?(_E!]V_P#;K[[:X_5IWG(=OD?R
M@^[?^W7WVUQ^K3O.0[?(_E#]V_\`;K[[:X_5IWG(=OD?R@^[A^W7WVUQ^K3O
M.0[?(_E!]V_]NOOMKC]6G><AV^1_*#[M_P"W7WVUQ^K3O.0[?(_E!]V_]NOO
MMKC]6G><AV^1_*#[M_[=??;7'ZM.\Y#M\C^4'W</VZ^^VN/U:=YR';Y'\H/N
MX?MU]]M<?JT[SD.WRL_E']W3]MOO8T_I9_9^S4[SD/8RX#GT<?25YG9'J$(#
MJ('U$!KP0`DX(#4@9<@8<@`[F@EK"!ZP@?4&"!]0($7`^"!$M'%`=0(*W&J`
MT#B@CI"`Z:`TH%I0/2@*!`%`40%`@"@!D@$!C1`(&@5$#I1`J8H&@*("B`0+
MB@E1`:4!1`4Q0,-0&E`]*!%I0&E`$8H`@H#2@=$"(0%,4!1`40`!0.B`H@*(
M"G!`40%*("F"`TH"B!D8(%1`:4#(H@-/%`("B!40%"@:`T\T`0@MI_["#*]O
MG/I*".D@9((H'3!`(#%`T#0%<$!7!`50,'%`]2!:B@*\4"KQ0/%`8U0%2@*E
M`8H&@1K5`T"IB@*(#3B@?H0%$#I1`40%$!1`40%$``@*%`](0+!`Z(&6H"@]
M:!40.B!H"B!\4$J8U0.@X(#!!&B!40%`@*("E2@*&J`H@-*`H@*(&,D!1`B"
M@*('1`%H0+)`40!"!@("B`H4#I@@2`H@5`@EI"!40%$!1`R@MT_[-!F=0./.
MJ"+G5P01+/E0'3*!%I0%$"TX('B@00,("B!\$`@2!H"B!T0%`@*(`!`40%$`
M@*(`A`P,4#(0%$``/6@8""0""095`=/%!(05"")AH@;8<$#%N_D@#`[D@71=
MR0/I&F*")C0`9@@-*`+$"T4*!Z<D!I0,-.:!EIY(#2@0:4`6%`:#7)!+IN*!
MB/F@#$@1CH4!3@@1:@5`@9"!40.GRH`-)02Z+J((]-PS0&GAF@6G%`]*`+*!
M`J8(%B@"@8"`I\B!40%.2!T0%#5`RTE`:2@NT^'^K08'DE[O24"""0K5!8#@
M@@4"'H03#`4"?$6H(40((&$!050%$!3!`40-`8('@@5$#H@`@8%4"H@"$!3%
M`PW%`Z(&!CX():4$@T402%.2`0`J@8]*"0`06-TCB@L:]O+%!(EA&.:"LBN2
M!=,H$82@70<>"`%JXH'[JXE`&S>,@@!`>(0/H'D@!$:Y(`Q<T$3'X(`Q>"!B
M+P0,1@('05R0&D%`M*"+FM/!!'IFN"`Z1.2!=!R`Z3D`(CQ0&@Y40/IN""8+
MP,D!J><Q5!$M-<D$2PUP&"!Z'$(#IG)`M!/!`=(\D#Z.%4"Z2`T$X`('T''@
M@?0.5,4`+>0G`(+&V4AX(+66#B<D%[=M/+%!?_#?_80>8=[;O2@0_`@9*!AQ
M"!%`QF@FTH+-6IN*"M[1R00H@D&$FB"9BP\4%;FT0)`P$!1``"J!Z<4!2B!T
MJ@-"!Z4!I0%$`&H&&\D##2@>FB!M"!GP0.B`H@8"`TH'F@D&H)`4*"511!($
M`502#P@D'!!)KFU03#@$$VN"!]05P0/4TC)`Z-X!`M$9.6*`Z+$$?=VDH(NA
M/+!!$Q.SI@@#$@BZ$40+HT]"!:.`0`A!.*"8A'!`Q&$#Z;:(#I-J@!$PYA`^
MFP8`(#IBOLH#H^"`$+>2!FW'`(`6_@@E[L#P0'NC4`;5O)`_=&TR02]T')`V
MV;:Y()MLVYT0-MFTE!8VQ;7)!:RQ;F@O98,XA!H98,KEZD%S;%G*J"[^'L^B
M?9H@^9N'G/I*!$("B`H*(`?@0&:`H4#J<$#+B4!1`P:>""6NN:`P*!:0@EH%
M$"+4"#4#(H@7%`P@=*H`!`J%`].*!T0,5"!H`T0,!`&E,4!4!`P4!F@>*!@E
M``E!)`5-4#J4#J4#!02!*"6HH`2$<4#ZG%`Q,Y!)LKQF@EU>/X$$NK5!(/IZ
M4%@E:0@D'-(00>VJ"O2X>*`(<,\T`*\4!Q]"`J@5"@8!PJ@D&T02#*H)!K<D
M$]+<*H)$,0'EIB@?DS0,EG/U(#4RGB@!(Q`^K'D@.JRN"`,S*H#KLH@;9P!5
M!(3L!03;<-SS06LN68507LO&#,(+67T?%!<V\C.-4%WO;.8]G\"#YB\>=WI*
M!4P0&"!T0*F2!T0`0"`H@?I03BADD=I8TN/)!NBV6Z)K)@U!&;;I&^P*TX(,
M;V.!((H>*`K1`("E1B@>G!`!O@@>@TJ@5$!I/(^E`])03:VJ`T_(@-*`TH#3
M@@*('2J!:<<L$#TE!(-H$"H@>E`:2@8:2@>DH&!X('3'%`Z50&*`%2@=,4$@
M,/!`#/!`5*!@\T$M0XH'KPPR0&OY$$Q*`*H&):\4$NM48H&9`0@6H'TH(U%>
M2!BAXH&#XH`D4P0&J@0&M`NJ<OE0'6*`ZQ/%`=0\T!K*`UDA`]2!@_*@>"`&
M/%`!OB@EIPP*!@>*!@503P`0,$H):B.*`#SS03;(X8%!=U3_`-A!X]X\SN=3
M^-!&@0%*('1`$<$#I@@5$#TA`!G%`VL+G:0,T'<VZS="T.^<Y!U8H7N<T'(Y
MH-,NSSU#FT+>2#A[CMVAY+FTID4'&DC`<:(*].*"6DTRPYH&UFHH-5M#&74>
M,.(0626\8J6Y(-,&UP.8'O07R00-:&!HIZ$'.OHHF4TBA*#(,$#]*`"!BJ`&
M:!X40+2@8"!F@*`%$!4!`]8"`UA`!X"!ZP@"Z@0&H(&"$!K')`%Z!AU4!J0&
MKD@-2`Q0%4#!"`K@@0/R('J\4#U\D!U"$!U"@.H@?4(0`D*"74-$!U2@.L@7
M4/!`M9KX(%K/-`:R@8>0@>L\$##B@D''F@>M`Q*:T02#W<$$M1R.90-I02!Q
M0,$T03:2@=#5!-K<*H+!&@LT>/S$'DG@ZSZ2@10%*H%X('040.@0,4'!`4Y(
M&UCG&@0711.;(W#B@]#;QN<T50=G;;?4[$50=QT!Z('R*#SV]V](RZF05'C)
MF^=U`@LM;>,O!DRY(.D]ED^/2&H,#K8`DM%!5!6]KVY(+(7BHU(.@V5P90%!
M6]Q/J08+@.<_$^A!13P0+4@54#J@*H$20@=:XH"I0%>"!@X($0,T`$"K1`50
M/'!`ZGB@*@&J!UXH'5`50&JB!U"`#N"`)0%1ZD$JH#B@5>:`J0@6:`XH&@`2
M`@=$!1`4*!@E`$_A0(40%<,$#&6:!$8X()40`^1`5H@=3ZT`/2@E4T0.J"0<
M@EB@D@D#@@8J<"@F*H)`N"";7%!+4>:"RI_["#S#VT>[TE`:4!3D@6G%`]*!
M40.A0-IQJ<D'1VR!DDA)&"#TEOMEN]@P%>=$&ZWV@5!X(.Q:6.@A0=`PD-Q"
M#@[Y`XL(`Q0>2GV_3)4-P<J'+M+Q"7#TH,D,$NJF54%YMW@TS0+W:H-1D@HG
MMBT5`\IQ0*&1Q<&C@@NF:ZHX!!06,<[ZS((*7-CQ`Q\4&<Q5=0((D$&A0*F"
M`H<T#TH$@E1`J<T#H@,$`/!`40!"``Q02P0`:WB@?D&"!AFHX9((N81G@@5$
M!1`T`@?!`^"`Q]:`H4``4!0H'I0`R0!\$`,D`@9X<T"Q0&DG)`].2`+2@-!"
M``(0/%`Z(`X(&$`!5!/2?4@88$$PT#U(&$$@`4$@T()`('G5`Z(&*X():4%M
M#_V$'D-PW*UM.H9'U>W'0/Z3P09H=]MG1A\K7,K[)'F!0'^(-MJ?.[R@DG2>
M"#9;7=M<MK#('4S'$>I!H%4!B@=/!`40=#;I#&^GS2<0@]WMULU]NPMY*#JV
M]N1AR0=&WA;1!9*^"-M.*#B7S62O-,4'+GL&N<'45"F@'2H`@XPM*/<<@W$H
M(O9J-*(+H]JG>*@X(`[:YK2U^*#C30FWE+C[-4%KND]FH'S<D&&1Q#B"@1TB
M,<SF@H)`.""#L75YYH%3%`40,!`B$$@$"XH&4`4``@*%`$?*@`TH)"-Q->"!
M.;1`J?*@T0D-"",QKCQ05L94XH)]*F900+4#TH"B!@(%6I0/!`#/%`R@="@1
M&"`#,4#T(%I_T('I*!`'U('0\D#`.2!T*`T\T#TT0/2@-*".A`VMX<D$M*"8
M;@@8;3%`]/RH)``('@@=0.*`UCF@8D;F@#-B@.N@77-$%G7_`/80?'MXN>I=
MNM-=:U+W#&KLP%%=.U;(ZQ8*U+&4+78&O%$1M[754`@N()(YA!,VTD3^I&=(
MPH1@:H/1V5U/'+[E?$>\"FEXR=A7Y51T``@#@@8%4&NTDC9(-0P/%![WM^37
M``,6\"H/06KJ9C$Y(-T8;IH1ZT'.O@X2$5J$&40'/F@1B&.""B:)NDH.7-`*
MFF7%48)(G:QI&`0=>`TB'X5!5/)'\\@*C@[J87.H,4'+]:"I\52@B8#P05NB
M(0(1NID@?0=3)`^@_D@CTG<D`(G(&87YT01T$9H`!`J&J";8R<:(`MQP0+23
MP0/%`:C5`B*H$@D"X!`CB@>*`K5`(#%`P$#X($`@"WB@:`H@GI;1``()-;Q0
M3#0<T#$8S.:!](%`Q;MKF@OCMH2,34H$ZT%?*@J=;D')!`QD9!`M)(0`:4"I
MB@*4]*`K3@@6M`=0H`O*`ZA0'4=7!`:SG5`B]U4!J0&LH#42@>K@@0/B@MK_
M`.P@^06EB[5+(\$S,=J8_@`#BHKNMD8R$G54N%2?]*(</1]_B>Y_3B>6-<0V
MNEN3CX\T'K;'M?M_=[F>VVS?HVW%I(SI^_-]WBN*FGU1J3[6%"$&/N?8-WV[
M>KB/<K<Q34#@UOLEHR,9&:H6SW+I&.BEDUO;BVN>GQ0=+2$%FEH&:#E[CN#3
M,+*)U7.PD</Q(/<=F;U:LM669=IEC'F8<Z#YR#W=G/`\1O;(US)*%KP:@^@A
M0=L0&-OF`I2H45@FACE-6YJHI,(8,JT05.#`#6@)X(,=QHH4'/?HH:GU(,SF
MQ-\QI149)=T9&2TT0<R^OS)B#@@Y]Q.'M`!Q&:#*'.!P06:G%`-+N*">BO!!
M(-IP06AH/!!8UK<B$"?;M.(""`@%<D`;<!!$VE?R(%[@>(0([>0<$$FV#D#]
MQ\$$'6-3R05.LWA!287@Y($8W\D"Z;N6*"0C=R0'2?R0+0X<$``24$Q$\Y!`
M=)W)`NF[*E4#Z+Z5H@-!'!`!A0/IDE`^D4#H.(J@D&CD@8;X($<$#!*!A!,!
M!?'0<:(+@^-O&J"0DB.>:"LMC*"I\;.&!*"O2!GCS"!4!K0(`M:@K+$$"Q!"
MA0!K1`4*`.2!%``5*!BG%`<4!0X(!`L4%M3_`-A!\U@M],CP'DMJ:@95.:@U
M6]N^2/IM(#@:$'`$*A2P-$99(UP<XT:/0H(1@YMP<W(<00@^N=M?&C;F[/[K
MW39F\NX!IMY6QM=U&@4#7ZLG>/%!X?>^YMEO=W_B.V;8S:(J?6P=34V0UQ-*
M-#21P"#SL'=NZ2R7$XT]-AP9AI#2:*CT^S;B=RO(;24-B;./T@//.E4'LM@V
M#LR_MG;?%');7T#I"9V.ZKGAF3R'9:AF!AR0:I]@[8G=%(97P3R`L$C=3'F@
MIB*:2>!0<S9K/N^+<_<XP8C&"QLCW@PF(8MTM^GSH4'U+:F6U]MT3/>7F2,$
M.8'4<*J"!N;:#>QMA?1VCJ:<W:0,3ZD%-WN^UV^Y"$ZI#,UK[>OE:]I-'BIX
MMS08^Z`=LN9+J0F6RF87Q](U=&&MKD<#6F&*#YYN_P`1;B`NM[>W/E)U^\`M
M<1PH`:@JCG#OK5(UMQ%)"\TJ<"!7CS0=,[U*]@(=4$5!&109)+E[S6J"HR/(
MQ00Q02;4(&'%!+J.'!!/WAP%:(&)S3)`Q<$()"YXE!,7G/)!(7C`@G[U&<T$
MVW4'#%!,WT7)`>_Q'A1`"[BJ@D+J.O.O%!8)H7#'!`!D)QU#'@@3H(".%4$#
M:QUP0!M8SP"`]S8<@@G[DVA)05/LF\`@3;%E,0@D+(#'@@M]TCI7!`VVL?((
M$8(ZTH*((FSC.""I]D`@;+1H&.*"1MF$T01-FSD@&VS&_D0!C9R0421-U5`P
M05NB(X((Z'(%YD#JX!`%SCZ4`'N03ZI"")E*")<2@DUR"0`03T5"!&"H]*"!
M@=R00,!0+H$Y($Z$_P"A!'I.J@981F@CI\$!I0/31`!OR(`Q_A06Z!R^8@^>
M!W1E<0&N\QK7+TJ"EEW'/-(`"T1.(.-`Y]*H+I=\C#6P.K)(S]&T#(G@2J"V
M:;BKM)CD`!#3X^*!RPODMXW=0&=P>9V@4,;0ZC`?QH.?=Q1.)8]W3<6^3RDZ
MJ<0H*K/:HHF/:^4Z)`*QT()-<*^"#KVT1A:R2-S],7L.&0HJ/J/PZM-M[ADD
M?'+[ON4$;A+%@"^HH7-%<6GBH/6,V2ZVJQ=#,S_<2[J/:TMF<!7$M)J=/-!Z
M;;;+:I]K;#`Z)\;L(I`-+P:9>D(J+=DN=N8?X=$9&4^MB=)I+SS:2#^%!Y/?
M;;=[J:+=[$M.];2_1>VS<'=,XAQ''RX%$<S<MY?N5YT+0,B=']9;QGV2*:I1
MJ/LD*B=ONVZBUOW0VS9MOT%DC93J:0?,6'C6@PH@\D;FUMK:.2+;8[@W+W>[
M;M/(YCXI`,(G5U,JW(%V!0>Y[8[4[6W':F7/<-I;'<Q4W#+<G$`5#GB.F-,U
M!S;GM"SWG<)9>U=-KM]O&:Q.:X1R/;Q9JRKS0>0@G9-K;[,L3BR5E:Z7--,Q
MGDJ+"*(&!P0%$#0%!3-`8%`:AR0.O%`JH'1`J?Z4$JFE$`"@-7B@-1*`JZJ"
M6MPXH&)3S03;.1Q02%R:YH)B[(XH)"]Y()>_N_T()"_=Q0,;@.*"7\0:4`+\
M9`(&+S\/!!'WRAR06Q2OD(`&"#8VSG./!!,64SG:4$G[>69NQY(,LEO)JHW$
MH*WPW,8JX8(*72.K3B@1EYH(F4($7"J!T!""/1!*`=#R0(0\"$$N@TA`N@.2
M`=;C"B"/NY/!!)ML:H)>[N&/X4%C84$^D1B$",9*")8W)`"(((]#'%`W0-S"
M")@\$$7V>%0/6@BVU<<$#=9D9((BT=G3)!$V[P<D$^B[E\Q!\V;#(;R0-P!-
M:*!RV<8NR6T<Q_F(%,^)5$66ENP?5L#`14CF:\2@M;/<12A\9#&4H6NQQ`H$
M&0=)LK6-!:Z<_7/-36F2@VW(=-;U8-(`TM(PIAFJ/,1-OX+EO4J8P\:GG$5\
M%%>TF@E%E&"!H<6G4W+S<#3BJA[+O5SL_<<5Y9/#)+7_`%1R>'9M=3@X(/<-
M^)!L]Q:^PM73VG3UR6\CM(,CAYVB@/EX>*#T79^^VUS;TL[MAFG8Z5^VG56$
MN=0D.<*/(\"H/HEG?L=;6PAE9<M<=$L[""P.&#A4$XU45QKZ^V>7N)MK<,8V
M5PJV>-SHY*-\M'.;2OH*J(.[9V>YN#+MCHK>0`.8TQ&C@#[52?-7F@Y^\]L;
M1;VDEQ!;2F[CPG-CYFUS)<Q_S?!!Y.S98[-//)<:+BQNJ1W-MIUQ5<`X.:,0
M'BN2H[M]LMM<;A8;G9E^VSS-#C-!C&^,>7S,]EK@,PH.5\1).YF7-M=[/N4D
MMG8M9+=[?5L8!9AK$;?;8X'$(/F.X;E/=7\]TUC;1\SB_IPC2T$_1]*HU[3N
M\TL[+:X;74*-EXD\*H.WH*`#4#TH`-0(MQQ0!93Q0%,,L$#TH#0<T!I0!;AD
M@"P\D"+,$#TT"!!IS0/24!I*`TGD@`PH#2?4@8:<D#:$#H@5`@>("!MS03-,
MZXH&W'$(-EFXNE:T8-&:#T49P`S%$%N@@>444%+H]3L?6J*9[?00YAP08Y9G
MMSQ`09)V![-8`0827@XA``^.:!!Q03#G?)P03:<4$P_@@L:13%!(.C0(&,\4
M$AT\R4#U1<,T"JT402U@X<$`0,P4%C'M`Q02K&4"+(^54"+!PR0+2"@-+:(`
M-Y8(&W'`A!(M`R&*")%2@-`0+0P\$$NFW_LH/E+P?>))@XAHPT\"4"T&*;4<
MZ5>3A2O)!*1S7,`S+@0#S%4%,D%R*&@#:4'I4"T&,1RO?2AJ\!41#X@7>U1U
M2*$<%!7?,#]F<=):&O#W2#.@PH$&NPN+V&WAC9*9&N`+FDU!'`TYJBUSFMD$
M\D;:2&FK+S(.QLE]<Q7,\MG<PV\<<1U]6A8\#-I!!J@X7\?B%^Z*'6QL9-'1
M$MQSP\$'3[7^(.Y]J7[9+>LME/(#+9/J6/\`ZU.#O%0>ZO?C?NMU?MDL]NMV
M6(!UV\WUCI*CYSP!2G"B4/<=B=];+W'!TY&P;?N4-!':.>#AGJBU::@G@,0B
MNUOL&XV+XKW;WD1![1<P-`)>*X4'X$%(CVB[BD@GVZ.,733)+HHWZQAJ&N%!
MI?5$8(;R."TZ-W;"!US((F='4QT48%.HX&H:X'Y4$V=J3V<%Q=N>+J60:0[0
M-;8\M32.8Q("#Y'W9V9/9;G+[H#[FUNJ)[S3R`#S#50T/)48!M(LS'N#7L<;
M:1K;FR+OK"#E(W*K'<QD@N_C]F;UT$K'0-)\DCZ:37*M,D'2#HBVK7M(.1!!
M03#?D0&GD@18@*!`B0@5<<D!JQR0&K%`:N"!:Z($2@=11`M6&"!ZB@-10&I`
M]6*!%R!@DH"M,D$:GB@EF@10,50-``D%!?#*&NK6B#J1[L&`-SH@T-WT!N54
M$)-[!R`KQ08[G=YI#0&@X4093>/(Q.:!-NW`:>!X(*G35K5!$/0(O-4#$I02
M$IQ0,3&M4$O>#R0!G;ZT!U0@76\<$$A,$$A-CB@D)AS0,3-\4$C.P"@*`;.`
M<ZH)>\>.*"0N&T]I`^N*5J@!=,RJ@?O<801]Z9P*`]\:/6@#=,J@7O6*`]Y%
M<D%GO+?^R@^.[4^^D>Z2XD<XG4(V'``5S/BH-[ZNH)9!6OG`QK5466UNYY(B
M80T9..""R6W>QDC3(UQ.0K_2@Q,LS)0O<T#B!BH-`MH&%L+?/(/G'+%47F)L
M<K8I&]1I:6F/AB@C#%$T!@CI3RTK4@!!;[E!*\1A_L$.`X@H.'OLMVV06MLQ
MS+9I'4<,W&OF]2@KB:!N,TC#I+M):/4@G+`^Z;&'X31.&('(XH.C:1M@+M9+
MVN.0S!\%1I?:"*750]-Q!$@.(\4'I]D^*G<^UMEM;R?^*VS`&M@NZES2W%KF
M2#S8>M0>][>^*.S[GN%K.2;&Z<UK+N.=S6QO(PU-?D?6$&GOSO*PVZ]NX'C2
MZ:RUV5Q"23))(-+*U\CFC.H0<;9[K>K_`+&M]PM-UO&WE@'VUU`R2C=(=JC)
M`\Q\IH"@NVWOF5\S=NWF"/<+^"*26VN7Q'J-\NK069NK3\J#D7G>NS[CM#;R
M3:-MFO@XQSQS:HG]-N1;I+1QX'#D@\GW%O>T;K:VXM-J%F8V],EKRX:AQ%1B
M%1CW*R[4@V^W.WW%[<;@X?7F1C8HFD_1`U$T]*@GMW<DMJQ]O<M?<!GZ*4D!
MP;R=7-4:W]VV>L!D;WLIYSD1^5`_\66/O!C+7=*@/5&5:8BF>"#JP7,-Q$)(
M9!)&<G-Q03P]*!`5)0!'%`:4!IYH`,)02#"@?2PJ@CI(X(`,*`$9.:"0B*!"
M,U\4#T8XH'T^-4#T-0'3`XH%H'-`%HRJ@?3%$!I`0(M%4!0(`BG%`JE`8H!`
M!!'B@=$`,T`15``(&@$`@*?*@`@=$!1`"J!U-4!B@`35``FJ!FI0&*!^9``%
M`4*`HZJ!BJ`H<D!YD!C1!;I//YB#YP^V!:[2[46N-:'&B#9;6<;FAK&5-,7G
M$H+-$;&@.>7&M/+AZD&25S"_0&>`'^E!8QK@UNMK6M:#4<?6@5O+'*]SXZ$<
M2:X\,$'0DMHIK*>ZMVF*6!T;9&N.JC7"FL>L(.=&2RK6'4Y@+B_YN*"ZU!ZS
M72`,>[`\G$\0@SW\#L6.:7G5A3*G-!3'MQ8<'>UAE4XH+7,@@?2M'85XE!=$
MZ-DK"/9IK)(S\$$;&>AF$I(:]U6@G`5_$@LFL&O)?"X%[FD:7<?0@A[GIA:U
MWMOP#3Q(""V&)[YH(II'/MHM+14EP:*U(`.6:#TW;O>-OVIO%W.Z)U_M\L+H
M'1!W2U5(+7$>8<P@V3[Y\--QA]XN;+<[:[IY0R1DG#R@/<0=+5!X>1T4YBL(
M&UD,A<"[*KJ`45$[*ZF@N_=G-:Z,.`(`Q!')!M-S:W4XCE9]5$27#504RKAQ
M0<:_BA;=&.W<Y[`=,<Q.#@.(%!0(*63NB+FZ0=0H05!!Q(8'D@@EU&UK0Y9(
M-MG<WFU7<;WM+6N8U[HS\YCA49?@5'L+'<;6^!=;:G!H\U6N`'KI1!T;*PN[
MR806L+II#DU@)*#K#LCN$O+#`ULVG6V!TL8D<WFUE:X)8P7VP[U8QF2[LY88
MP::W-\N/CD@P(&"@>H503$@0%04#H"@>@$401,>.:`Z90'3\4!TB<B@?1=S0
M/H>*")@=Z0@CTW50&AWB@"QXS0*CD!0H&04"(/RH%1``('0\$"H$$@$$2$#`
MXH&0@5$``:H'1`VBO!`40&DH&&$\$$VPNSH@D(7<0@DZ$`(#I-P0(QMY($6<
M?P((EM<D"TG)`Z'UH#24#IA1`4*!Z2@89Q03#`@NZ8_["#P4C6GJN#!KXY`E
M!FEUTC=#J#>(&!!""N`3]<R:JQGVF'-!<U@;5[O**^T@PW][&&/;\VAP/%!R
MX)=;=9DH^HTM%0*>"@Z4NZW;8NE!*Y@E:&2-QHX>*HLM-P@BA<V5M7N%,`,"
M@ZEH(;BV;Y1Y<@>'H03G820Y!DNYFP1%PQ<XZ6-YE!`QGHZKD`#VD&-]V9"W
MIBL9P)\!@@MLV-$4TDK'!HQ`KCAQ0:F[K81V\8D@>\$UUUH]HY`4H@UNELGO
M;-"\O:/8<[VA7F$%,D@:QQ)HU[LVY8(+-ZN]G_A\3YI0)M'UD;&TP:?)J\7(
M.)M.X27CI:LTLP;&!D`$&RV8YM_')B-#@<,\"@V7KK>-\TD9+GN<:.<-)->*
M!;1M%_-:/N#;F2-U29&8XC((,ES;SZ23&X!KJ.H#1AX?*@RL9*'U80R0>-#Z
MJH%=/F>\F?%Y`!.`K3#@H'>W+[B.'J2%QAB9`UQ^BVM!Z!7!!U>U.[]][>N7
M/V^=I@DPGMIV]2)XSQ;P)I2H0>L[@[FM.[+=DEIOH[>TL;U]GDC='`9!Q%Q`
M*N%?IMP0>3?MF_[)?6>ZNN`0UP='N5K.VX`K_78XD>AU$'=_QW\1]Z@CLQ>]
M:T,PAKHC;U7.Q#'F@+FX8H+-SWW:?<[>_LG-8S]!?[?([ZZ*X;6I8?G1NIY3
MZBJ)V%]:7P^HD#GCVHR:.'J0;.@Y`A$Y`Q"\\$#Z+@@!$_F@DV)QXH'T'<T"
MZ3LJH)=+Q0`B-<T$NC3B@D&T&:!A@XE!*@\$#HRE#1!$,@&:`<R`Y(*S&RJ"
M)A%4!T<,$"Z10`B^5`=`\D"Z#D#Z!0/W<H'[N4$A;-YA`Q;Q5Q>$#Z$.>I!(
M16_,GU(&&VP.-4$JVP^:4#ZD(^:@1GC&32@CUF\`@BZ1IX((DUR0(DH%1R`T
MDH"B`T\4#I\J!AH0,,*!Z>"!X!`ZC@$%FMW+YB#P.$CB^#27"H+'\D$!`&EU
M`1JPT5)%4%+Y(K1H%/K'<.:##=NNI7-##I#C@T"H'^E!ENK61\@:78`!NFF%
M1C6J@(+5T3*.872$USPH$$Y+?R.#\'4RJ*H,^AW4:&F@TU%>"#T.T2?4=)S@
M9(\Z<1S5&Q]*%O',(.9N+8F1MF>TOZ7LM&9)098+CWJ01S.%3@Z,8T"`W$,M
MYFQVCM?4Q<QN8IS066]QU+.2T>PMF=C'-J+L`/9T\CS09;2:L3@^0/&#01CE
M^10-^Y16,K&.:Z221@;I(J#7BJ/7VFR6N][6QVTR=.^8--W82.Q<1\YA/XD'
MCNY-AOK>YZ3F/B:"-<;@00<JXYJ#J=NV\=O;OC=$)`1@\UKG^`A4:[EUO;QN
MG?1K68N=Q0<"3=)+A[+D^6(OTMC/(\5!Z38-YEL+IUKU#%;R.HXZ0Z@KQ')4
M>RN(0R.AE8Z&4B2($MHX#(CG2J#S._MM&N;&(*2`ZNJUM,_1F$'-.TQ7;8S;
M7#735\T$M&DU^CS0530[CMQ(9&UI(+7'0UX&K/22#R0<I\,E=3@`.-,%!)]J
MQK`XN+R?*0,\51ZGM[X8]Z;KM0N+2T;':7<C6-=,_IN+0[&30172TC//DH/=
M;9]WFT9&QVX;O(9J>=MO&UK0?!S]1/R):J>Y_@AVSM6TWFZ/WBX@AM8S(.HQ
MCZN&3<-).IU`@^,0/FBF$D1+'-Q:X'$?(B/IG:=MON];<;B")MXR#RSOB<.J
MQU*C7&:'$9%JHT.$C26N:6D&A!P*!%SN"!`N.)02\Q0+S5P*``-4#H:Y('0H
M'0T0&*!@'F@1#N>2!4*!D%`:<4##4`6U*`(0,-^1`V@$(#+(('CG7!`BX50(
MH#!`>"!9H"F*`*!T0,#%`%ORH%I*!Z2@-!'!`=,E!(1H`1FO@@?1P0+I%`NF
M@8CRJ@9C`"`#0@8:$$@P(`1@H):&@H)T;S^:@^:QVSHKDD.(=7\%4%LUP&SD
M4-6?A)082Q[YW32X/IY1P05:G-U.+JD'U(!ERT`EQ!<:C24",S2T%T0IE5J`
M%M&YKG#43E0YA!"6V:Z,-!(<T4.!KCR4#V_J1W+'1NH\T82[Z).*H]%/&8W.
M:X4<W`H//7FYQ-N717#"V-M2-6`=1!EB?)!,Y\5&$BM.(Y&O%0:+2?3N#9+B
M/7"XC4&FA-1C2J!ZNG?=2.K6L=1O'`H*IG6UA>-CDQ8X%S'4HTU-<?%!EOH[
MK<YW-LF4F@`+'-]IPY`H,^Q[A/;7O3E=)%=1N<2^K@\$\45[@[YN]W9^[W4_
MO36^RR=K7/I_5D(U*H6QRB)LEQ)!U+*)W3N6YO9U`:$CEXH//[Q+>7KWP1C3
M;L>*L!!+VUS)"`L+"*6\AMP28FL>\$@$!P:32OJHH)W$I=N$C97@7,M``#1K
M<.*HZ.W[Q))%'M\M7PM(HTT<<3\VN1]"#L7%QIDDM+^-[M!TPD4#V-X9\QS0
M2.T17#6OV^A=H.HD^<.`J*C#\"!65SN,6FUW.L+7-(BF<""3XE!DNMOV]L@)
MF:^W?[>D^:,GYU#F*H/2]I;W)VU/TAM-GN,==<$Y:&SN;F>G+1WR$(/3[W\:
MV64T7NVR/>&-QDGD#*.<,0W2'X>*E"G?/CU;BQ$>SV3G;@YM'RS$=*-],=(%
M2^ARK1*5\GWWN+?]YF=<;IN#Y]1J8G.HW#&@C'E'A@B.=#)&RCFC7C[)RH@[
M7:W>N\=K7GOFVL8>K1EQ#(*M>UIKIKF$'T+:/B3VIW1?^[;_`&+=HGFPAW&.
M2K-8X25`IZ2@[T_P_NY(A<[7=PWUL\5C<UP%1X$5:?E2RGG[W:[^PDT7D#X2
M<M0-#Z"J,I`0`:,T##4"`''-`Z#@@6`0!*`"!5YH&*H"IH@0K4H&@54!F$#H
M0/%`5(R0`<4!4H`M.:`Q0`::T0&DT0,-KD@>A`:?!`40&FB!:D#"!U0,`H)"
MI02#'G(>E!:V%U,11`PP<T$NFRAJ<4$3&S@4$=#$"#&UH,4`(FH&Z$E!7H<#
MR0&ER!=-R"W0[_LH/FT<E7AU*DAU3GD<`@PFXDFE,C_*WAB@LUQZ2*DDY>E!
MS+DN#].G4QV1:>:@'6LM144TC33CZ2@U&+!C31H'SAQ05V\]RV1T>H@@FF'`
M\D&UKYW1/U>5[*$.'SO2J*(`'3'JNTMX`?E0>FE@F9TXI&D/TMIAB014%!YG
M?);&.5W79K<31M1D@SF:-XI4,>!0M=RX4*@U2QL;&TD@Z?.`#540-_`X-#F:
M*&IP`04;AND=&0EC3+B07`$4)4%#)'/+)F`1/C\CBW`$<#@@5Y;OCOX;V)M2
M]HZTA=6KCAQ0=.&[TN#Y'`Z<,<**CI1]0R-FV^<Q3.P(:ZE3R\0>10=*/;K&
M^MY9*P[5O$((DCE\L$XXD5]AU>&2#S5U=OLX#&6CWICW4TG@:<N"#.Z&H9<N
M.I[R'%^=:C-0.R?,QQD>*/E=IC;Q!/\`Z50>QVW<K62RFL]QJ#IK!>$:G!PR
M:YV95&[;MTBU&S?TXKB-P:R2(@M>3QJ,B4&;=I)I+E]Q%(7B"C)8WY5J1@TY
MA!DVMS?>XYXHQ-.UV$!;@10UJ@ND-Z;IH@F;:FY)#6T,;&/'`%P%#Z$&^RVO
M<+^UDCN8@^9AHX&@U#F$'$E[6GI(^+4X-=BRGLCC4H.7>[+);ZI?:CRU<:^*
M#':M!%.-#3#B@O?82/M^I'60U-6#,$(,<;2TT`/FQ;X$*#Z!\/>^]XV`%H:;
MG;2\.N(75&D'!SFG&A_&@^PL[R[;W0B.">"\C<&N,,@TN;4<6O`Q16;N6U^'
MMF&NW*>&PD>W6T,=I>YO]@5_$@Y7;&X_"W?[J6RL'DW41HV.X<^)TH^E&'$:
MOQ^"(])/V%V](*,B?$>;7G_\54M:>1[G[7M-L:WW)MY?3R:C'#;PMD'ESU/U
M-`HEH^;R=YP0W1MI[.6%[':)`YS=32#C4>"H]=T^W[2U]ZW?>[6TB+!)&R-X
MGE>TY:61DH.=8=Q]@7MXR)N[S6D;BZKKJWT`4&!UM<X#5XH,K>XMFGW66SM9
M@8];FVLA<")&MPK44H2@Z!;ZD"(0&DYH&`:H#24!I.=$#TFOAR0/IN(KP02Z
M+N6""0@=R0/W5W+!`VV<GJ03]R?Q%/%!+W2E$![J<<*H`6SCD$#%HX\$#]R=
MRJ@1M'5P"`-D\BI"!ML'4Q%$#]SPH`@/<SR0,61.9H@M%JQHK2J!AA`\HH@3
MHW''A7)!`P5(0#;:@\"@?N],2@?0;AACS0+H@9()-A!S.""P6XYU"!"U96N8
M0,VL=?!`"T9S03]W;_V:(/C<-R\W4\-0&,:0T4PRQ088'.D>YK@2UI\N/@H)
MS1O:PF/%U0#7@.*"+(:QA[G`T./@0@4Q>9`XNI7CS'B$%YCN9X7`4#69`>*H
MG#"2UI</K!Y2.)IQ075:&@@^T=+AQP0:;6VH^KXP'-R\1Z$&\S2"KABYH(:#
M^((/(R6GO=\]ER"'DD5.6.2@W7.R2,`.@!S&4JXT-,U0K2W@A:]TDC7F1H!8
M*8'PH@QR12F<MC-64KZ1R4'-OQ(;MI:YLH8QN+.'@:\0<T5OM+:=ULXB0-<]
MGM$8!W(HBB6SWAT+VU$L9`IIX.!0:K6/IVU;NC7.;I<UU"$'9V_^'N@;TO:&
M=!A@J.M#:Q[@3'[QIN'-`:V7S!YRI5!RMYV2:S#H3%]8[`...!^B4'/M7/:6
MVS6:6QBCVTJ21@H+)'N=*U]M'6./ZL%V)+_G.5'8N'TVJ*TT#J,D-Q//X.`;
M0_V<T'`M9]%T_P!V>[2YQ?'+7&H*@[3=U>0Q]P2^5KR^1YI0UIP\>*H[6P[G
M:3WDKFSBWC800QS!J?JPP(RH@6[]PLFM!9.CCGG!/5J,00:4;CF$&S9]VCNV
M-M)*V]U$S2S6[!X'"IXH(7%E=S2RS6TSH+Y@%(78-<T9^D(,%U="*R;</A;,
M"=-W&#0M<,$'`G%OH%S!6,DC7$1A4\6^"#4R]C?:M%LTB9OS:5QXE!1':NFO
MF,:X1B05H332>*#K[+#'M^X1R31]>&7RF+7A6NGS@5&FO-![O>]CMMP`E@N(
MH3$P=9K0'ZFMQ;4`U%,:%!\OW?<Y+E[@]SI7M`C$CCJ\C<`,4'(>SS:V$AS3
M5KQ@:CEQ"@^C=M_''N?:K%EG?0Q[HV*@CFE<YDN@<"\5U>DBJ#T=MVKL7?UD
M_?>V=RFVN]<]_OFVRO,D3)G^WY`?*'\Q@>2*^;]T=E]R]M34W2TI`\^2ZCH^
M)WH<,CX'%$>?<QT@+BW4QHQH,`"@S/9$"&U(/##@@C)`X-;(TZ@WEX(/2[#W
MG+8L;;7C3/:@@-DK5[`?3[05'TN"P=-"R6(:F/:'L=S!%04'/W'<=HVTEM[=
MQQ/_`.[KJ?\`]5M2@\SN/?D88]FVV^IP-&RS8`CGH&/X4&*+XA;HT`RVD$@R
M(;J:3^$H.UL_?>T7-&7\3K)Q.$E=<>/,@5'R(/96MI:W<0EM9HYXS\Z-P</P
M(+AMA!H@F-O%<4$AMX.""7N0"!^YXJ!^Z98UY(&;.N"!BR`""3;-H*!FU\$`
M;;!!`VU!4(`P8(%T20@#`@@8BJ$8_0@@YG^A`M&""#F'!`G,/Y$"TN'%!$X"
ME4$"^AYA`BX5SH@9D`%`<4#;.T9GTH(>\`'/!!(73<R4"%VT#-!/WQO_`&4'
MQV./&=SOZV.1U'D@C9110"CO:/MG/)!*6Z:7NCB`<SF@A+H;"P%AU.-<D$X6
M1/>&RG22/EY!!H9TXW%VD@$4#<O0@9UND!AB(;'[5>9YT0=-UA8Q2Q1R`.;K
M$DLC*TTN`.D`\D$:M,CRSV2?+7EP0/-!5):Q/=KTC6,B@U[K%)=[9'<@!\D%
M(I6M]L-^:7#EXH.0W86/+7=0-#VFA!]D^A!9M6R2F[MVM<#-70=61!P)^1!P
M.X;&]MKR6L)<YL@!`%`?$44%UC;7K8\7:(I,>B\8BO&I5%MY?R01N;:,+W.(
M8".=$$;/;Y3&)+]P>ZH(9R0=&%PB@:V*)Q%27.``SX()-<'4(P<#B,01ZT&P
M2SO86F0O;]%YJ$&9UOJ(?&"'@G4P'$@BATE!;MK1MNXQ=0,EAB.N%VKREV8U
M>CQ04[FUTT;HYGE_6<7/=E4$UI@@R-B@LK0NH0R,4%,3X(.-/<.ENH@[46$-
M>:8&KC6I]"@[D;FVT+KJ4EATD8''TJCDP2L9*^9KB"6ZFBM=1)XGBH/1;3O<
M6GW>XA$AK1[2`30_1=[32J/07>_0Q2Q-@F:?(UL3)&TD8/%WSD'.W%S+B875
MM$89M-+I@\T;A]+T%!AN=LM#9B>*4C4[2(2*Z74K2O)!S'QF$M?F*D&GXD'6
MMK<S&WDA:VW)!:&.<:.'TVZCXXA!LCO)K=DK"T!KO+(*UU-::D$C&A08]RWR
M%W_"-,;A@R0#30'$MIF<T'+MVATX,@KJ./K02OK0P$OI1I-`T(,X#&2`RLU,
MS(&&:#7V]W%?]M=PQ;GMTCFB-PZT5:-EBKYHW<,1\A4'ZCVK<]A[JV-EU`([
MVPN6TDBD:'`.IYF/:<G-JHKC2_"7L&21[_X8(^HW26QR2,:/$`.2Q\W^*_9_
MP_[=VV,64\D6\DCW>Q#^KJ83B9`[%C0,C55'R1S75+@#3.@05F-Y94-P.%"@
MZ5OW!W$R%C1?W$;(VAD<;9'!H`%`*`\`@PVL$T]XQI.J61X%75-23Q0;IH'"
M>1C1B)',`;[)IR\$&29CF>5PH<4"(%!3CF@K9<3PC7!,^)[3FQQ::U\$'J^W
M/B;O5FYK;Y_O]FTZ7-?02CE1_'UH/K&W[C:;A917EH[7#,T.::Y5S:?$9%!I
M#O4@-102)H,3XH(ND'-`A.!QQ0)UR."`-T>?I0+WHG`E`S<X4X((NN<.2!>\
MT%$"-T."")O0,*H(MEDF>&1-,CS\UH)5%K[/<A4FUE`YZ'4_$H,E[))8V[I[
MUIMX6YRRC0/PT5&>.^BEC;)$\/C<*M>T@@CPH@?O(]:")NB":($;L$Y8H(FY
M:1[*"#IO!!$RM.*!%[2"@B7!!$''P0/`H%4')!9I_P#90?(+RZ$=PZ%Y#1&X
MAH&)<3F3^)01_B#HP&7$6C`EO,AJ"%M.[4):-;'.2]M33U%!M==%Q:'1:XR<
M17S#A6JHU="$-Q8XN)H"."#?!8Q/C)<X`M;4!V9]%$$Y>FZ-VMVDTQ(PJ1S0
M9Q/$^@#P0/'D@M:YN50@EJ:.*`;(.!0;MOW%UI)J#0YCAI>T\1Z4$+N,C_>6
M5=%(31P&(/T74PJ@>TRMCNF2&FJH`)R%30_@06]U"UDNVMC(+M(ZM.!&7X$'
MG)[8O-&G`YE`H8&-&AE*\4$HX@9-4CNH!DT8`(-FJ)C!4Z6NSXH.I#)L#K!S
M7NT79!H<:5^;EAB@YGNY:\N+@!XE`G$Q'55KP./_`*D%D^Y6DT88ZU#'`>:5
MA-3Z6G!!5;75F*"3ZR%N9&#A^-!N9:V-T)#;3MZ9JX-D&FM.?!!S;[9V=9CF
MM:7,]O30@C/@@Y'<+)7LCC%6MXU]DH,%HQQB$;A32"TCTXJ">WS/DW*2"(:G
MT&'&OI0=5\W4+1<-J]HH)&G@.:HG!N,D$C=#W4IIY''#@@ZMEM5Q>#3:ELCQ
MYNDX^;TT0=[9MDL([>1FYQ$AX/4&!=6N!:1R0<KN*PDANH;5E!;-;KMGM-=0
M\#P*#BR[A<,'3<\.&7G&-.>"#GS-:)#1X>>8R4$H9G,((S"HZ-WNS[^.)MP`
M'1-:TEHIJ#!1HPX^*!,O;(VTT<T1D/3I;D&A:[F@Y/U1-:^<</%0=79NX=]V
MI[7;5>RVDH)U&-U`ZOTFFK3ZP@[.X_%#OR\ZK)-WDB9*SIO9"UD8I2A(+14$
M\P4'D92Z1YDE>Z21V;W$N)]).*!S`LA`:,78U051&C=)-2"@;B*M%<7&@0;K
M>WO&3AD+*RDAHI3,Y4*HW76WWNV/?%=#ISPBKP"'4+A48BH*#C74A>]IDD,@
M:P`'\*@J>XN/E\N&'I"#-*S2T`GS9AWI04R49;TC%7!P-?6BO:=C=X'9+AKI
MV/N=KE_XFU:[2YKB*:XR<G#EQ1'W#MMW:?=5JZXV>]E#XS26WE`$K"<M3?Z0
M:(-EUV;?MQM9V2#DZK3_`$I8XM]M6]V0+IK9QC'SV><?]E!RC>&M,CQ!5"]Z
M.2"/O;N:!&[</RH$;IU:U0(W;L4$3<R<T",[CQ0:+.RW.]E#+6!\I=Q`P]9R
M0>MV?L(@MFW234?V>,X?])WY%+*;]U[F[+[3@I=W4%F<N@SS3&O]1M7E17S_
M`+J^\%9Q130]OV;YG:7-;?S^1K79!S8\2?\`I45H?)-SWV_W21U_N]_/=S.:
M>FYQU$<`-)(#6^A$='M;NP;9&ZUO6$VQ.J,Q^8L.6(Y%4>YL;ZVO[<7%I()(
MSQR(/(@Y(-&EQ0&A_)`%CN2!]-R!=%U,$#Z#\T$NB4%C+-[T%G\-DX(`[<\'
M)!+W&3_LH/BQLF,:X2?IRYS17&M%!2^UGN+)D<S/-`2UDAQ(#N'K06"W:"!2
MFFF`'')!TH;EGN<]NRW;))(6O;-DY@9P!\5109G.#Y9Y'9:0P"M:\/2@M;=7
M'3#8Z01MS<<7%!SMRENI*PL>2R05>]YH3X-"@+-T@JS$B/`'F`@Z,):9(SJH
MQQ&JO!4=-UI9G7J>6NIY'-.%?&J"LV;2`&NH>8*"MS9XS0.)`SJ@OM]UN(XI
M;;I!XE&)(Q%.+2$&<7YC)TMQ\4$!/++)0-%3XU""X6Q.+G>EJ"45O$_`2!KQ
MP\$$KBQN+.32YK)0X:FO8=0(*#-)*YS:%E!Z$%;9RT4UAH]"`?=QOH'N+P/D
M0(B&04:XM00DM9&C"4/X@()Q012$L<>D\_.&2"^V`M-37>9I-0\8A!:^\TN`
M+2&')[36J#U#-GV3N390+6:,;K"/K(Z=/6!D2T\?$(/GV\6ESM=_T)(C'3VF
MN!Q]"@SV43;2\FN'@'WAOU8.;3ED@3I8@&-]DN<&$G@3A5!>]K7CHM>WJQD@
MC@X#B"@ML8KDW3'Q2N@N&8L`-*D<BJ/9V>]F:L=ZX"3_`+TX:O3XH++CW6Y<
M8`X.>TU+#AEC5IX^I!Y#<]OFBO7@MT-=5S#PH>2#"Z.0-)(Q/',X*"+2[/Y4
M$W:<-60Q)"HLNKF&:3ZMH8#@7&@KZ@@R:34EIQXA0='MJXV0;Y;MWV)\VUO^
MKN.DXL?'JP$@(STYT0+N6TL+/>+V#:IC<[?#*X6LSB'%\?`Z@!7TH.8X/>T@
M8.I4!!`3S>5CA4#-R"@2](&26H:\G3ZN!07">.0QZ#0DU'#`(-HW%P9IUX`"
MAR(04&_DD+ZR.I0U-:UJ@@'.=IJ,A1!$M=(QP&!H:'C5!EMF2&-VHU=F0>2#
M0;5CR'`EM&@GE4&J#3"T,;U`/*\T)R]:"U[;B(!\<ACKE)&XC\(0)_<O=%O'
MT(MUO&,&+6MGD`K_`-9!NMOB/WW!"61[[>-%*$.D+Z>C55!H[7^(&^P;H^?<
M+KW^*0.,\=[YP[R'31WM-->2`M_B5O\`"]S7PVT['/U:I(\0,?*-);@@LL/B
M7O4&_.O9;6">SQ`VV1IZ5#R(.JHX&J#VMK\5>T+TANX=O2V@S=/9RA]/^@X,
M0&Y]Z?#VVN[,6][<W5G<!QNGLCI);T]G4UVG57D$'7N+WL3^"'=K;N&)\36E
MWN[P&7!I\T1$ZM7J0<.+OWL#Z][I+U\<,'4C&AC'22UITVBKJ>DH.);?%D6[
MB]FQV\SJ^03RR/I_T6Z`@[]E]X?<QU&OVJTMXHF_51,,A+WD@`"A`:`,3@BL
M'=7QV[GOY9+3:@W;;8-(=,P!TK^9#C71X4Q\41\OFFGN;D3SR&2:9Y?(]Q+G
M./$DE%7AD;V2`YGDB*8RW0S4?*<`/$X(-+X1!Y#[1]OC@<0@Z^S;_/M0#K=@
M>'D&=IR<T</#/-4?1-KW*WW*U9<VSJM.#V'VFN^B4&W0ZJ"QD$CD&J.Q::8&
MO%!>VP:.'J06ML01C@%`#;F507MM8F!!:&,'"O@$%\%A<7.$,)>.=,/E0;/\
M-;A_W3?9^D/D2Q^?[B,F34YG/2<SGC549O<M5RV1CR!@7Q'*HR*`EVZY]Z+F
MC4QQ+A3^E!C,5Q!45P)-17)`ZM:-6DFOLA!FNPZ=H#Y'1M&+@W#`<%`P`YK3
MC3@#R0:K.#6\-R!.*HT7$</6T,<!0`:0@6HB@)K3B@F+B1S`RM6C*N8]:"Z.
M\<P`.-:95S02]\BST#5S05NN6N=JTBH\$$7/:7A[`&.\,D%K;QP`!'FYH"6Y
M8XAQ;YA_Z<$&F*X9)['#YJ#)>B>NII\O$(.:=3WT)XY(*S=6[91#&*N-:GT(
M.E:Q02L`J6.&.)%$$Q%;]/,@DT#L*(`VK_:S`SH@&MF8"YH\HS!R0*%CW/?6
M.@S:`<T'<V_9[H0C=MNF:9K4AYA!J]A&-7"F2#T$<^P]XV(M-P:VWW6,4:<`
M:\XZY@_10>$[H[0OMLGZCVNRHVX94L<&XCT'P0>5<)W4G;5X(Q&7F&*@D+A[
M9XG`:F/%'\P3S0=FSE>PL(-2#JC''#B%1W+]L=Y8NN8CH<?TK&_-=S'@4'/M
MO?!%IZA:&$.BD)RYT0:MQWF&\@9#<1Z9HL!(W"IRJ1^1!Q[D/90BN.+7<"@S
M_6:M7JJ5`Y"6.+7`CG5!6P!V)(PS02:T"04.!XH&Z)KR<-+AGQ!0>K^')[/O
M-R=LW<L#F^^.8VROVO+#%)ETW?-TOX$C-!]9N/@5VDYKW6TUS#,6T8YSFO:#
MS+=(JEJ\GN?P&W:WB#[&>*[E<*/8?(`ZN;:\*<TM'FYOA)OYVSKW-I)'.V5S
M'0O:*%H'M-/B?E0>&NMH;9W#XSJ#XB1H.8IF$%9:QT+L*G(@H&X-:T'36F80
M6M$LA!C:3Q&'!!U)+6%UFP"/3/'YB^N?,45&!MNTNI4,!S<H`0E[NC'YN+G>
M`07PV,LKGQ-+20P.%3A3P5%EQMTUO&YIEBE:*.=TW:J&F*#-(8&%X+=8+?)C
M2CN:@Q:!*\Z:5;GXA!FB+89W>2K:Y%%6R2Q,#G".K*5PS!/I1$8I0ZX\[BY\
M@K7E04H@V$%KM3>5:<T'.Z\@:_6VK2:AI\45HN7V!M[<1MD,[AYVX!H-<-.=
M<$1:(XF-`$D;]--9:214C$<,D&>X>V(]1GF=6E.`*"BUJ9P[&I))KXHK9,*#
M!WHPK@<T14S0)`2:DX`H-18QIJTX4K^4(,S9(VQ![OT8=J'/-!I?-%*SJC,B
MCR,JH+;<:HM0R.!H@[/;NZ_PG>+>268ML)'M;=AOF^J)Q=IYMS0?;XW_``_;
M8&^._P`$ELP`DM>S5CD-&+Z^%$'!O?B-\-K2@@-[?.-<(V!C:CF7Z<T'BMV^
M*6\W5[7;K6';[5E1'!0R/<#D9'N.)_LT0<JU[^[JLKASWWAG#S5T4S0YH]`P
M(]2#I6?Q5WH7(-U!%-"<-+*L->8/F0>XV?OWL6_>V*YW*;;Y2T5$\7DU',:V
MEWX4'L-F/9.Z.;'9[M'>S'*-LK6N-.3/:17H7V&SV,#[A\3&1Q-+GO<*T`]-
M5!Y+<_B68+=TUA9L-NRH#I74-.>EN7RJTEE_,NZ_8XO^&Z_Z0Y_)DE%OBD^A
MKI--"`::S4EF.2HKDADXN:'#%I\$"EN9V1F-M"XY2#D@QF.I\U7G.A-:^E`G
MM#&5)&JGE')!@N8=6D-..;AR\%!*-CB0,SS0:Q>1P-+(J&4C%W+T*BEC34O<
M22<2@L`!&9H@L9'A5M37+!!:RS?(6ZG4U>R@C<6TMM(62`M<#3'#)!3YJX('
MUG-S""YD[7BA%#P*!/;R00K(PU!_H*"#II'9G$<4$[:9L3BXM#G'#%!J#-N<
MP/9"1.?:>`*4^1!7(V-KFM]FN90:?X7/*(V!CGLD=Y2T&A*#0QYVZ9S)&![V
M@M<UV('#&B">U0R75_K@@;*&D.TR8Q^M!M[CVWW$,EZC7]=[O(QI#6'B`4'/
ML+Z]LWN-M)TB1I>1C4'F"@9LK^\?)=1!SI6'7(]HI0^%$&^W[JW6-GNVX-;>
MVIP?%,*D@?ULZH.+NMEL\D_6VR.2*-]2^WDH0"?HN'!!Q&;!,;@M8]I;+0Z7
MYCC2J#J7/:V[VQ;<OCTQL(:Y[75:=6.%$%D$,MO;R%U*AV6>IA""B`O+G%S3
MI(.GE1!A<7/::##/2<QZ$%D4\C#2@<.+#B"@E)+`Z(]-AB?PH:M//-!GDF+V
M4D.H@YD8X>*@RD85&0R]:";-8:\D5:./)`-UC$G'BU!<6P2``'S@9\4'Z8^$
M_<!WCLRR,T_6O;,>[71)J^K,&%W'S,IBHKV*!.:UPHX`@Y@H.-NW9G:VZQO9
M?;9!(7C&5K`R3TA[:._"@\/W!\!>WKB$OV:5]G<C$,E<9(G>!^<WTJV/GN\_
M![N[;+?W@0-N&`T>R`]1P'/+$(CSC+.:T:6R`M><@6EOXU0WR.>X@<&D_(@Y
MDTK&'2,7<3R4$89':#0TU9TXH(-F=','!VDC`()NE!J=50<2@SR/)#12I=\M
M$$XWM:X-R*"IY)<YQ-6C'%!"WDC?J%`X'AS""4G0:0\M\[:T(P009<7=!B*'
M*H01,IT&![.J^3(@8"A0%W-)6.'2UK`X'4&^:HYNS03M`U\$CGBFHDQGQ0*=
MDGNS9:>1QQ</I`(*;-PZ[0X^9V"*T2O<9RQKJ,%13C@417&0ZXTC&C34GF@U
MM9K::8.`KZT&*\;H?'"30``O]*"6W.:R>2H)C</8X$5172@=H9H:?*[%$7QV
M;7R1!S@&2NH7'A7FJ,KF%CW-`HZ-U#Z%!=`8Z@R5T8GUH.KMVSR[H\B)@$C!
MKJXT+FY!4<Z_M'6DTL4Y#I!4.:#4@M\0@Q!K7/SH*8>D*!'`EV=<R@]'VYL^
M]/EM[^P8XDOTQ3-J-+QB*D8A4?:]S[:[RW7;8V2W3ZBC^B7@`DCB<_45!P]U
M^%O<-MM<LUM+'<RT/4M6$ASFD8Z2["J64^:=;<.3_P!#[A[1_3_1]*HA&^6+
MJL<[V\2`11S795S""1CCZ`<R32\$5::T*!-)<PB0!M#A05%>0*"B6$ZB8L@<
M>!`]"#.ZUDD!>WS:<SQ04NC`S05G5B&-/@!_2H-5CM#'5FN'AC,R<SZ`J%*Z
M`2>5A;'PYFB`B@,CW/&#!B!X(-K'ED?4</,/9'((++K<9[K1KHXTTX`#+T()
MS$S0N9<8R!H#''PR-4')#-%6/)#AAX(&YKVN!I44K5`$EGS:`H&Q]#7,<D$P
M'/-`*^""Q^W3@@:1[(=6HR*"R/8[Z:!]Q$RL46+W^"`$9BA%7"G)!GD#B1(?
M907#=9&0&,/<[&K&UH!AF@R.NIWCS&IK5!NVN6:-^MN!:0X`Y:@:Y(/007%A
M+M]Q#=SM$D[M;BZI<UPQJ&_D050[1`^72V^A:QS:LZFMCB3D-)"#J[=9&RN"
MWWV(.&/2Z@:2<*$@X(+MVMMHBVR2:Y@JR5^KZMPU:SQ:_'Y$'C[>3;M;VRF0
M-/Z-S*5!_K`YCT((7%D7.;)%<"4#,MJ/QXH.A8[/NUU"!`QTK0X`1UY\0#R0
M7-V'==3JVYI&=+PZF!057]E'92-#G,F;Q##4>@T0<#<88G22R6K2V('R`FA`
M/"B"F*V;+$-)(GKY6\".7I01G@G@=HEA='+]%XS"#,0[B!B<N*@;6T?AB/HH
M'&.G0\/G4/`\T$9(G.>!$[#,#D@L;,T-+','4'SN:#5M.^[KM%ZV]VNZDM+E
MGSF&@<!P<W)P\"@^V=@?&NQW=\>W;^&66XNHV.Z&$$KCA0U_1N]."*^HYY*`
M0"`0>5[][2V_>=DN3[OKO88W/MRP#7J`KAZ>7%4?F^XG%NR1IHZ3%H9Q!RQ5
M1PR]CAYL"#E50.%T5<!0\/%`4<34Y5R00UR=5S:`-8TU!XDH)P/U1ASO;.:"
MDSELA!`)X%!5<R.Z+0UP=K]JF?H15EJQH&FM"*$E$73,>*9'B"@HUAH-3@T&
MF/R(,P<61M?4]2N!KZT5N?\`[U;:P:D?C1$6-<W0X$>7REN6!03.@QR0`>8'
M5CF`.2!6<,;[G4:C0PEWI`05Q0G5(XGVLB<Z()P0.:[67`AK2T4YH-;)'`%P
MS:$',H^621[FU-2X#F>"*LLB7R$Z=(IIH$&X$MP&?+T(C;&\S!K7X%N(=Z%1
MO[F-G#?.BB'4,D4;WR-PJXL!U#P*"CMO;YMSW"';&,ZDKWZVMRU-:*O:#_9"
M@^D6^UV-A'>7%F'5CU#HN)P:S&C0<L0J/E%R\S73W-!H\U</7505EC=1^6B"
MQX\A+,6BFHH.]VQ\0>Y.V&RQ[=)'T9*%\,S`\5'%N1"#[9\*_B--W397,>YF
M&+<;=VH-9Y`Z(C.A)R.:*I^(OQ6L^WA/86CVC<XS"6F5I=&YDHJ:4/*F*#Y3
M_%;C^Z[/])_%?^);_P!7V_9\?:51RB9C</)<UY?5C,*%ISX403+G0MTS-Q(H
M7`@XG+F@D'L.D8M(-:UQ-?0@;BTOK6I`Q\`?2@3VQFCHA0\/2@IN(>H]KYPX
M4`!DC`&`X$9(,$;YNN]LD!A@+@V":H(<3P(&2"Z8O``D(`X"J"F0XM%<1R07
M1W6B/11`"<T-36J!1RO#L#F@TZRR@D::'/\`*@B\12N^CR=P04RLF8*9@9.0
M5]21V#A6GJ06-=EIC&6(06QSN!H6:1X9H-19/*0\/)<!Q/!!9;WE_;ZF,F+0
M:@MK5IJ*8C)!DDMY@=;./!!!NL.\XK^)!GDC^L)KF4$NF`0YE0X<T$O>9FGV
ML3G1!=!,!*)3BYHJ*\"$&BYWK<+XETSR[F30T]')!E?,^6C7N+J9$H)MDF8W
M0'$QG..N!]2"+A7$"AXH'%<21/U--#D>-1ZT&VWW%\);/"Y\4\9J'M-!3T(.
M_'W;87EN'W8DM=TB%(KR%NICQRDCXU0<:#>Y8+V69\4<T4Q/5BTTC<#R'S4&
M"]Z,TKGV_DC)\K'9@<JC-`;<;..YA-T'1MCD#NM'B:5R+>*#U_<3;7>+-LUM
M,VY,`TL<RFH\:.:<<D'C9NE;3&*^M*L+?JWL-3Z:@T*#',+:M(JOB^:2*.'_
M`*D%%N_IR!PH16CFGYPY*"=PZ)DY="2^`^Q44.//T*B/NT4SM3#0C,$YJ"N2
MV<)"0,.?)!%EO7ZS$$>TVG!![3M7XM=Q]N2,MR[W_:ZBMK*XES!E]5(:EOHR
M0?=NS^\]E[GV\7%A<:IF_I[=]&RL/]9O](P45Z`(#%!&5@>PL+BS5AJ::'U%
M!\W[[^$ECNH?>[<>C?.)=*2,'GFZG'Q"MH^#]P]G;OLUU)!>P.AE%2#2H(^D
MTY.!\$'*A'D-/FX"HH@D)6,8YVJNDFM?!!F<XO<X8M#QYG@XXH+K8>0"H<`,
MT%-R6EU7>5S3B>!"#.QK@\.:`YI)-.2*V,K[1H*\T0Y9\-%"1S04&U<]K*8-
MSI_2BFZ!FBF=.""ITQB&F+RAWM(&PRG!Y\I-17@0@OCC#P7EVE_$HC38LE=*
MZ@JXU&=,$%<K7T+!AIP<.?K03MV:6E@;[*#1$&NDZ9II>,2@Y,K"QQ+0=+CY
M0#RXHK381R])[W##5GX\41M@C?,_0*9&A*"98^$M;(=('+%!T]QMH[R"VFM`
MY\L,19<`##3&*L?_`-7`JB7;^YW^V31;KMC/]\V^7J]8C4-+QITNX4<*A0?<
M^QNX^U.]7NNW6HMMZ@`-[9N(TOIAU`/GMJ?RHJWN#X/]N;K?OW"%\EE=RN!F
MZ=#&ZG]3`#U)8\]-]WC;W]1S=YF8]Q):.DT@<A[02QT-B^!';]GYMSN9-Q.(
MT4Z3*<,`2:CTI8LW'X$]J7=VZ:*:>UB=3ZF,@@$<G.J4L>$[Q[&V3M+<&OM)
M;B[M0QOO&F0=6,DZ7M/3`+=3':FDBG#%$<YG;\=K;O-S<6W<':U]A<;A:Q"Y
MGM=5`P:G`=-V-!CZ4&O^4':7]W[K^BU>R[]#]+/VO#+Q0><+H9+@>5^JI(I6
M@ICGP5$)9Y)I@14EIP:YH)-.'_J0`;=@$M@\KG8XX4^7@@OHPN+6:7%S1B<Q
M7'"J!1-Z7MNTO!HW##TE`IKEL`:^4F-KO]8<6H$]D<K",'1''3^(X(,$S)G,
M=;R,-Q:O(!TCS>G'B$%9[9M7T,+WBGFB!<>HRF8+ORH)"VO6G2ZDC&D`N.#@
M#QP06/M=+RW7@.-#B$#CA#'%SQ7B"@U3749;H+=3*<<"/0@Q!SP33+@@T1S2
MZ0W35OB@C)$WVFN`\$"!8QH=7S#@$#?)B#4&N.&*!FX;P!/*N'XD$!*:4(.'
M%!..1KB0XD$9<4%US!)$XB,A[<*.`PQ04N@N<7.`%/FA!)D;WL`#09"::.*"
M(A<X'``CVAR052!K:`\<J()OT]+VC6OLA`FN:!5^*"$E_'&TEK*GYI\4$FRS
M4&J0FN)RR*`=(6$D&OA@@DV5Q`J`:XT`R06-DX`$#B"@FV5C`?9/-`NM`\4H
M`@J=TC0U%>2"+72,?J8[21DX&A05UD:[6TT?G6O$H++5[(9!K95I.+@`X?\`
M5.!0:;ZPLC)UXG--L_'R9M/'RYA`#:=N,#@R[;U3B*D4H@Y#K:2)YT.!(SH0
M:J"?O(#M+@6/(J*C`H)]>C2VM`<P,E15)%%77&*5^;P4%ME=7=E.RYLYGVMQ
M&:LEB<6.!](0?9^P/B]:7<,EGW)*VVO(F%\=Z32.4-&((^:_D!FBOIFUWUM>
MVD=U9W#;JSE&J.9IKZBH-!#VO)S!Q%>"`$S:T=Y36@\?0@XV^;+!?0.M;^T;
M?[=(:],CZR(GBPYH/@7?78D.R;C2(N?83D^[SN%'"F;'CF%4>*O=I`/2+J-S
M:1C5!B_A\L;R78UXCB$#;$&2ZF,QR(X("\MY7E@'LXDCQX(*([9W5.O#``>I
M%6MB="UQ>_R`X$\D1&3K31.DC9]6'`#G0(J^)CL`_`$5</%$,P5:=)`Y(,YL
MYG/JXC'AZ$5&2TD<&N8\:3AC@@E&)&4UX@9TQJ$'3M]+;>7@2P:7GF#5$5PL
M.A[JCZS@@E72.5,P@KC#SCQ`+J>`%4&$S,<2\B@=[+!C05]E%=/;;=SH``0"
M:N(]*(NZ#FR>8:7-QY(*G-+@37(@H/4=BPR7>ZR0:=<0B>)1X/%*#QY*B=[V
MGO&TVEQ,V(NVV\D<R"5M781'`2!OLNQXH/4_"?L7=KBY;OD=P;3IDLB<TTK7
M`D\PH/MEM!N<3V]:Y9/&!1U6:75Y@@J*V((2RMC9J<14X-',\`$'F>X/B#LN
MSQ6LTL@=%,YFMP(H&/);6E=1TN&.D&G%6A\P^*7;VV=P[S+O-G>Q1,9%$V:>
M&72X!U-)>PG2ZE<1FB//3]O=Q=MVON\@L]QVVX@<Z(6T@8UHU!SR\TQD\'U;
MBJ/1_P`P>T?^[W'_`.E]#_BX?L?;R_\`2B@\;?2;7'>2C;Y)1&/.ULXH6NXM
MU#`JBI\C+@%SY#%<M((&53S"#-<;^;;6;QKGN<`#*,B1ST\4#;N#;N*T=;31
MP]/SF/(XYTKG5!?'N4-X'=.W<R6,Z9G$U'*HH@O:+<QGJLUBA`&?X$&<]5K?
MJXRX-'S0,*<T&RRF;[G*6.%6NJX%IQ!Q&/!!EDNMXCD+K%S0]X+35H(<.3A_
M2@KL)KF2U=+?Q"U,5&3!M334:`FOH06.MWFKH_/H^CCAS*"LRN&==`X%!*-K
M99!$TMU'$%Q`%#XH%)$YCB-(?0T.FA_"@'QG$QD@TR-4"%H_IMD.+7<0:@'Q
M04RQ!CJ/&7R?@01!9G6H0'4@;@<4`9XZTH:H"K'"@!\:!!JAFP#'&N%!JP!0
M6,,LCFL:#U#@T9ZO!`XX[AEST'LZ<M?9=AGD<4&RZVVX#)+FXE$<K\B'-=U#
M7'`%!S9;<EM-)I6A=P_T(,SH9&$DBM<J8A!"I(H<$%$AC8"]Y\HQJ<D"-S''
M#U'>QPIE1!5_$;5S265+,]?#Y5!9;OE<UQDH"/9TU^0U5&B-[BXU-01@$`&@
MU);EQ028*>;3QQJ@DTR5.#:9C!!)Q:6@TJ[C@@B'XGRGP0%&GF.2"M\<N8=A
MZ4%+K8FI)H3Q00]V8'8/."@3XW`5Q-,L4&6.]#B06U%2"#F"$&H2@@?@/]"!
MF1@&)0)Y!;AB$'7[2[SW?MG<(I;2>06+I&NO+,'R2-KYL#@'4R*#]-[=W#MV
MX;3;;G;OU6EVP2PZL'Z3S',4Q44C?13.UVY$@9BUKN!07V&[1W+W1O&A[?D/
M-!/==IVS<[1]MN%LRY@>/,QXKZP<P?0@^6[W\#['WK78[B8()2>G#<#50_1#
M\"K:/#]V=B;KVWT_X@QDMK+A'-$:C5R/$%!Y>7;XPS5%4\3548913!V!'-00
M#:D5%13-`Y[6'46R$.`Y9400$T,,1Z=*4."#-$"YOG/F<$$:YBE#4C#P151E
M<&G2#7V1Z\T"BAN'.&HX$XC_`$(.C$]MJT@@%SA05Q1%+WN=@'^0^U'3\2#I
M;38;AN#C%8P&XD()TM%:!N)/J05WUC?VK@V>%T3CEJ!`/H)S05MAD$+Y*T`\
MI)RQP*#FRVPZS(V$FIJ3P"*]=L%U#;.#YH6S6S@Z.:.@#G`_UN8X*HZUT_MG
M^'^\Q;?+)*Z01.#Y2W0UX-"*`AWL\4'F[YD/4>V*$Q1N>"RIU4;E2M!Q0=?M
M?>&]O[FUKAU8;L-;*YH\[:$T<W'.J#ZOM.^MLX+C;=PBZUC,34O%"*\3Z0H/
M<=M7>TG;6V^W1F*"V`8UA;3`#`CFHKL"IQ.'@@:#P/Q<O)K39NK#<R64S6ET
M,]?JBX8Z3Q:\9M<%81\.ON\XCVE!L7>5G):RM>Z;;KYUN^1\D4SM;WL<]S<G
M>FJ*\Q<R;2V2X?LNZZI2UKWQRM$,3F.(<.F&UTO93$9<D&3;^Z=XBAN(I_K+
M>=KFN#]63B#JJ$$??Q_W=O[76]I_L?0S]G\*#UMPZ5I!D;2H.AU*5%?PJHR7
M$LL5O*^,LZC02T/KP'%!YF#N*\=*WWX"6V<:$`88\E%>XV%^SB2W`MW.HXN;
M+$15P<,`0[D54='>()VW3'QM]UNBTL,K-);(W,5'TN:#F0B</T-E;(\U=TP"
M#AF@T"]`DC?C$S$$O`(.&-'4^2J"^=MN;)KHB71ZZ2OID^E<1R0<ZXG,(J6D
MQTJ2TU->8IB@NMII&=5UM(*WC-%PQXU-D8?I508;JSDC`EBEDM+J*@A>T#0X
M#@[F@AMMS*S79[BPBY<W7%(TZ@X'&H/$(.G'#`2)`0S748&I`]"#,VQ>R1LC
M)S2N,8]EU3RX50:&`/+CJ#7?0X_(@;2\N/S3E2F%/0@6C4=#O(XYC"A"#/+;
M/<TD$`$Y<D&1T0:!48#/'&J"<44;AK>[`9A!='<M;]7&XM8?;.`)H@E+?1NM
M]#H?K=5>I7@.""ALCA0@X9U07&Y%1B2ZE*G%!!UPX9N/R(%UI'M'G.&2!%[^
M)-?#\B"+C0US/$(,UU&RYC,3P=)X##)!1)`1;EC'$Z6Z6CPR4%-E"QC/=7`"
M8`'$X9UQ0=`N`+M9H,S2BH39(:5;0UR-<?D06"8C"@""8F8?:)\,$$=?FP)*
M!ZJ9?C0!DDX"J!]4D4.!00ZCVG+#F@D'AP0-P+FZ<#R/%!27,`+34/X#FH,<
MEM$]YIY'8N-.?H04=22"7ICS,=73JPH?2@L@N89AB:/&8Y406.N-!K@0>"!D
ML?73QX(/8]A]],V*VGLKV)]Q$7"2V#"/*?G-\QR.:#Z'LWQ7V&Z-M"ZVDLKA
MQ+7$%CXP>!=D[$H/:;1N^P;XVY=9N;[Q:/TW<8\CFN\0<D5W(9)&L%6UC^:[
M(T\0H.7O-M=S[=<GWB.W8RKV2W&#&$<21P5'P3N/NGN#=(8;#<7P7#H9'"*Y
M8:T:*@@<*&BJ,4]M:LMV.CGK*'%LD9!`IFUS:\.?B@Y6X1ODE8[2W3&W!P`&
M1XD9^M!AN8=%',=K-"YX`I108:W#W@NP!&*"$P:&B-G&M3_0@I$H91LA\S<D
M42/$<[:^4%IJ>9/%$..:-U!7',T06QS!D9>6U#./X@@Q.=+</.H^(`_H15T;
M''2T#'@[A4(-4-U=6K]<;G,=Q+21^$(B^YW"Z-NT.F,D1(T1N<3I)SIXH*+I
METUK(]58:ZY*?2/AX(([-;&29[R::<B4'N;&TVNXV69K6=.]M0Z;4*^=K:*C
MV>U[79.[>BZ>B6-[#^DH0[4=8:?$$H/+=U]OQMI?07#(C(UHDM,!0Y5:/2@\
MO96SG[F^1Y/0LB'3RCS`!N`_ZSL`@]MV?OL3W[A=7L;[MVI@=%CI;JU4:#Z$
M'NM@[S%NWHVFVSQM)Q+B7AH]%*J#4SXD;B9(PZS#(7R:'3N!#:5H2*I1:=[W
MCOVAS[:XLQIJXLJ'$-]92ARM]O=^[H[=FL)`QUE=MTON`P4:YOM#!!^>N[]H
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MACJU;GS'!!-\+#,UU"'-J&D'@?%!8`P%U`0[YN/%!GFDG%9+F'J1.(:2'"OI
MIF@T0OC=1C31@'E&9_"@SW5G)0>[!N=2UU:$<D&.C^JYKFAA`KHX_P"D($\4
M%,B@<;J-,9H03J!RH4!D2`?0@&DG#D@;FBHJ<4`<!@@CK+'@^M`/+G.KS*"#
MFT)&H`Y>E!$@`YXH.1=S_P#]S#&UA):-3G#B?Z5!V*.+G2AK:"E=6-1Q&*HH
MD>UKL(P2XU&G(J"UH<X`%A;7QQ5$BW2./KS0-K:BI.*!Z6TSQ0#6CQ%.*"TA
MQ&!#J((@2AWLT'@@=7Y@'Y*(&)G@XC#D@C)'#./-GP(P(05R6Q#@3YO%!5+"
MQP#B*C(#EXH.9[DYL\@;[,9%2..K%06O;(R@8S`\*Y()QU&DN%*XD(+W-&JL
M=1C@"@L$K^(HX9'(^HH-=CO=]:RF6UN9;:1U!(Z-Q&H`U\PR=CS0>]VSXK=[
MN$4S+F&XB@:R!\;F-#7$4`>^I#@YW$UH@^E66_P]W=K;M8W</N-]'&^.:V#P
MX^SJ9(P\6EP17P/<YKR!AM[F$0SVSAY"T!VDFHJ>*J-4/<-J_;Q8[A`QTA=U
M(+AOEE:'?UL=;?`H*FSV$<,T5Q$7NF9]2]KM-'5P.1J@Y$K`!B:!V(05/97@
M%!FN-NC-6M=0FA!Y&B#-<;=+0N#]3B,0Y!(V8DB8974?'FX8U'B@R-C:V5S8
MWZ0`2'$5!'I155V][8&O8\%K3YZ9H)64\KFASFCJTP:.(0;HW1.<""`1F$1<
M7,<-.H5/!!5I+<\JU!SH?0@76+7G4#CAAD@[&SV]N9V-$GD<T]0C/$>.?H5'
M9-I=6%K;7['`1SZF1U]HYAQTD9$(/>=CQZ>WY:2L>=1>V!^7BP'''"J#C?$2
M?83M(EB>T;HUPBBB8:E@.+]?)!X_97BW9#>M8+@.E:R2S&K4\PT=B14&N>10
M?7NWMXDFVJ:_GV5T-\9'EKM#6"2OG87-:T#RM-*J"C_$$M_NS(?=C"9BTN#<
M"T9/-!14>DZ$+&N@M617#H6.>W7\\`9Z:TJ5!YK:M@N>Z+::4VS;%[7ZF3#R
M@@&CFZ<L$'*WWOG8=LLO\.6T[PR&8O?-Q+@:$!PS5$]HWOL\;8V[-JV*WDD+
MKIK=39'AH'F=)75I.K(8(/G_`,1>]=BNV7-O9=MMLG0N:ZWO8I&N8&L)%7Q:
M<SXE17R^5]O>'![!QJUM"ZF.(!S*!>XCE_J-7'V>7I17LMEB9;0O`F#G$GJQ
MDC2..8Q1EV(S:S,=(UU6.]EHQ]8)5$'0ZFZ.I1I.-14H//&UWJPNGWD%R[HZ
MJO<!5PXXMP45ZHF;=([6<NBF9(VO4AJQY'^@\%4:[OLVP9_O5PUL,+FMU->2
MYQ=3VFA@#D')BVP6\S_=MYO+>-M"P1ND#,>`UN0=+>]PO/X5U)))'NLXW&*Y
M):Y[G@88A!XC8>][R\O(;/<3'J>X,]Z>*%O]H!2UIU-WOM]M;H26;676WNS8
MT:FGG_6:B.[8MM;NS9/$2TOQZ7%IY&JHS78:WK>^VGU`;Y;P^RYA/'B*(.1)
M#M;H73VFXQ6[H<8*ESJGZ(;2OX%!HVV^C?9OM9Z.E975I\S7@\6JCH6\WU>D
MC1I&%3@T#A5!KC,9B#R[2YPJUI^<.8(P03,>H-!PIP0(=9FD:@(P[5@,1ZT%
M_4!`(((?FX9T//D@IDB@CB9"0]\Q.$DKB:@\`2,"@HDVV=L0+*RN;Q<0#CP0
M87LO`VKF9&CLL/#!`FU&!QH@L;I0,@$<Z(#2/2@BX`BAR00;3(#-!"6*KVNK
M31P4#;&2"0P.TXAJHJN8NI#JZ0UQ^9AXCUH)0-B<S`^4CS5*"PPQMPJ,/PH(
MAE,J&OIJ@9:>!P0)H;S06`4;@#3T($"*XXA`%[@*50-I?F"2@F)I2"-(02J*
M>8A!"K*X'UH(O!!J'U0,$/-'"C@@K<V2)[RTX2@`FE<D%+87:7/(<3F2<APP
M4&.[E$41D.7!!7;W<[FE[QY,FCB@VQ73W-#7BK!F$#FCU`RQ8MKCS""IL\D;
M@6.+7G,C!!T[3N?=;:<S0S&.1\;H7%H`JQXTN%!S"#K6EM;[Y,Z"65WO4S=5
MO-[1#FM^?7YO/EFJ/-W4$HZEK*TMN8'4;3@0H,K=RG:\QRMPR`=7`?U4%\6X
M6MR71=1PD8*,C<#C7D@N$1S<:-(J`@B_`BF*#-.Y[VDL=1S<ZH*)VSEK6C#6
M,$'+O+>9T[(FDXFC7-=Q'#PJBJ[BW=`7VCPZ,QU#@_.IYH,]9&]-S'Z-(+7.
M)X<Z(-EEN.N1T3P2"*L(%*CF:H.O&UAC#<"X9GQ1$PQ^.%0$#T,<#P(02M9&
MV]RU]=,;B-1Y(/KG:\NT;MIMX7&L$9AMF3N87EI%2YH!]62HAN&][1VQ:/VR
MTI=;BVCHX6>9C)`<>L\'#T9H.3<]E[CN5]!N+H_>.H6W&XP-T1-`<?,QK*AQ
MISU(/8;#W)M.VRMM)H!M[HW&*TLWL<Z9S7G`@T-:^G!0>PBWE_4C+'-EA;K,
MM2&APIA0-J@S;Q?11V\=Y+$8Q)1K'.8-0%*XN;GZT'+V;ISW_7$AD:^-W3!#
MHFO-</-E\J#NPF7MR]>Z=VO8;\NDDET'_=Y"![1;\QR#YK\7NP=NFM[?==G$
M,6UW08PRP@O^L)/FJ-1Q\$'Q7==^[L[>N)=LN)'N:V/IL9(S2W10,U,J!4.:
M*%%>0N-TNI7.=JZ9=[36UTGU9**KMY(V2-+B6$XDTK^!!L][9](_HZ_Z4'H-
MF9'->RBX<>B":L:0`37C4BJJ/6PL#HF,LXRYH\K6Z=)51JLMMNY7N;(#%(#1
MK7--:_B^1!UV]I:8S)=W0MXR/,#2O,X&J`BNM@VZ)C+",R3-+CU&M$;*N^=I
M0?.]VW3N:QW5]U-=RW%L]^HNJ=-,]-,@HKT4.];9N]LUD,^B5WGD@-1Y@*8@
MX'U*HE&^[LYPV1C9;)[=,D&&+>;2.(\4'F-R[&=?7,]_MUU#'$YVHB=W2`)Q
MH,%*6V7;]POK"^MX9J20N(8_0<\:8T0>Y/NT,;9V2-C%=+FEP!U<E4;'.-W#
M&)'.,-"*YMIX40<"[[1VQQ,MN:-.#RS$->!B*%`MGL(;:.1HN'2L;4!K0*AW
MK0=*>VBB?&>HV34W'349C%KP4%EL.@W3$ZC&5+(7>SCF&G@@M=<MT1N#=+1Y
M?76N)03%S`7:7$UID1Q01Z36OZC?:(]IO`>*"^"Z9);.,;P^-]6O<*$'P07L
M=JC`U&C1@`*X!!/3`82-.IS\,QPYA!S+[;W8/MXR1DYHS]0XH.8Z-P%>%:(&
MS6TYT06@5""+FCF*\D%8S.%.7J0#IF,>"\@`\78!`!D<DK'QR\/9&((0+W>\
M8Z02`NB?[-.2#)&V)E6Z7:S\RF(`4%W4^;QSIQ]:HM8R1V`%:X@H&8GB@(Q0
M(6[R"0$#94#3CR-4%9#P36A'"B!:Q3'#TH'A@<QX(&2"1H]:!EIIC@WF@`R,
MY.(06MB;0`NJ@73;JQ=3Q02TZ6X25'+-!6\/+:--6G@@XET]US.Z-@\D).JN
M1*@UP1AL(J*%HH?2@3&N!<34APJ`>!02BED:XEAHUV!'!!LDLX[B!\D6!C+2
M6\<33\:HYCW&WDZ<@P<31QX>"@T-E<VFEQ'$4P0=0[E;7+H'W0)<':9BV@<6
M\"'*BG<+"UAU/<XN+<8M6!QR0<)](9F&0B1NL%S10.K7"A]:@ZI)IKE9TZD8
M%S2<1AD@B6/;)23`.%6U08WOC9*Z(/J2=1'*O-!3/=``.;YFLJ"!GX_@0<Z]
M]W#>N)'`%M8RRA'AEBBN>Z>YNWNDE?KPTLD//F4%ECID\KB'R..EIX8<_!!T
MH@"X1Q%KI'>T\G!H&-?]""QEU&V<0M>"X$UY8(.S;73HXH\B*:7-<,$17(UC
MW$M&D9T""GI$NU'$<0@ZFP[O+L]P^>")DEPT5MY7UU1.^DVGXD'J/A_LWOL\
M^X;A*-#]0B:\5ZLKC5QKS"H^H;=9M;?0,@E<Z=V,KLP0,PU0;MYLK.ZN?=;B
M&.:VD%6@EM06\B,0@IL+;;K*YZ8MPR!]`&5J&@"@`\$&Z\'O#:RSZV1T$$?S
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M!H'#+#D@ODM;:5C=30YI]IOH0<F;M&TBG]\M'=,M-?=W&@/,M/`H._`R)T`C
MFT.J!5O'Y>:"F^@8R"5UDVF%3"X:F'@6EO%!\SGM;NWNG,EB=%YCI'S:5K@2
MHKNV3G[KMQL0-,C*/C>>8PJ?E08FQ[[M<_3+I(2#6N/3(YUR0>IV+>/>HRU\
MK1<.J'0GYPIF*JHZC=MMI(I)[9P9*P`SQ\2.;4&>![W/?%$YA(Q<TT.`X\T$
MVP]5NGJ:'Y:1X<4%L+HSJ:\C2W*2N!(''D@PS[A"Z&1P:!)"?/"?:IX`5*"O
M;-XMKO6^TG!>SVFG/Y#P07V@$%U+(T?5ST+XA@`\?.%>:"5SOUO;W@ZUQH\N
MD-.%.1J/Z4&G;MTAN7$EAC+1Y>1_K`Y$(.A[ZQS1J>"8\&N#J@>A!3=1&2CF
MM8_4,=.?I*#ERV-S$2]S-+.#CE\J"IN.1SY((AM'G5PR0(O8\EC7`N:/,T8D
M>E!GN'1M9JD89&CVFA!1_$+>+0V!S8PZNC`NJ?5@H.C9WL\C!KE)+<S0-5')
MN[H17^H2>23$'CB<E!KC:UY$C27N.=%1?[QT,H37B0<4$X[^`GS,H3S01N=W
MMK?`QC&I/#(50*.1L\0D,='.\VFN-"@QOW"W9*8R"'-<6.:<\!6J@U"-S\:?
M5YXYJBZ..,@-K@,@@D\QQM\4%9F!SX>"#*[<+0%K>H!J=I&6)4%X,A-!Z%1!
MQ>Y^D&H`^4H&`]CA7B$$V/-:C+B"@4]O&1U&MI4U<!Q0`A`8YM03RIC3U(,U
MP:-?5E:#`9*"BV!T@D:0<2!S0=*W+PX21DM-6EP&1`-<51BW"ZAN-XE8(PRW
MD.IK`21GPKBH++NQDA9U`TNAK02`8>@\B@Y[Q*TM#07"N%,\D"DO-PNIB^Z8
MRX9$P1MC<2V@;D*A!GOY;0[:93`\WP>'/F+_`"Z0:!FG.B*Z>T6UHYD4TS7/
M>*%SHQI$8Y@##UE$=;<KB*Z`>YXG:"&F2@!`R%0%1YZ\VF.XZDUM*1<0.<7B
MH<U[>&1U#-17#NY;^$"UF8YLS!1M0`=!-<_G>"#(^U9/=-89W1Q`4$C\,\A0
M(-4^RW=LWJQR,D@(PF@-!6F(<TT*#)#++TV.AB<XXZM(J*>A!8([B2;3*XVS
M'XX#$_(@U[?9RLD:\DT-=+LZT-/5@@[`F+).B/,[$GP\41?%(-&L9<^:`BG<
M<*8YT03<XO>TL%`!C^1!NV_>=RVUYDLKAT+G"C@,1\AJ$'8L_B3W79P=)EUK
MH06R/8TO',5ID4'I=D^,4;+N,;QM,+[8-+3+:ZFR!QXZ7D@A!]2[8NK#N6P=
M>V'2%ODVM'/!IDX<"@S=X7]CVW;02W,K.I*'"%A&D%S6EQ0?$]P[K[EWN5[[
MFY<R*.KFP1>1C3PRQ/K5&0=Z]QQQ!D.X3"E0075('KJH.1N%U>[E,9[J=\LL
MAJYSO-6O#&J#S6Z]N6S6">2Z<TR9>4''&@HWT(MN.V:YVJ:D<?4P)!EC(-'#
M,@HK(9#+(^>8.QJ7:*`@GC106=:+_NW_`/#T]H^US0=N'M'NBYC=<V]DZ>W(
MUES"#05I4BJJ6IV[<=PVVZ(MV].>,^<D`D4]*#M6]Y;;B72;DZ9]X]]8V1TZ
M>/.OB@]G;[<R.UB<V.*,O:*QQN&/B0!\JJ(75BZ%@=@&N%6Z37)!1;W-P(W1
M$5<TUTG^C%!<'7KB/9TFFK5P!]:!2,@$H:"Z*1K:T>/*ZGT4'/NNZOX?*;>Z
M@<UKO]8"#4'BU!NMI-HWBT>^$E^DU+)`"<L$$XY[*T8]\D,=OH::N<`T8^!0
M46.\;7?Z["]J^%[3I>235PPP-:40<#N39)-@W"$VYK!-Y[=WSAX%175VC=8[
MQI$Q=#>4IJ:`-8\/0JBNZV=DTGOC'R>_9Z/9+](R`07[5+UX)&1.Z3RTDQO(
M:=?$!W/B@R0.NHY6Q2-'3<'=0UKEB""5`.CDGE%S&:Q@#J4Q<!EF@S,VB.*>
M._MRZ&<.(?&`-#@!C6F2*[X?"]FIKJ.%-3#P/I51CN=L%W=%]VQCV4'2-/.'
M#F>(*"^VMFVE&PU:UOLMK6E<\T%S:'ZLNTZLB>?)!%[[FU=1P(?G0850<KN/
MN22"UZ#9?KY<*$UH`@Y/;-^TO=#++1S\1J.%?"JBN[/>PQFCG:Z>UIQIZ54<
MV.]9/N'^[2M;"X`3O:*N..(!4':FMXZ<P[@<Z>*HY9@M&7(9&UA=&*M:[+'E
M10%])++9R,8T1GZ0-,1B@\^VYENF4F`#X"!K!.`<<D5Z2S)EAT0C5IS<TYT1
M%\<-Z\FAT\JXX^M4*XCEC83(!@,,*`TX*#@;M=63W0-((D#O10$(K5%NC(I(
MW-!#=(ZKWYD^'@B"ZW*RN+JD;Q6H+\*Z@.10>@L`VY8'1M+8!@"10U]"HK=;
M3B+JCV0X@^@<4%+/.[4<R./)!FWB_CV^V+ZATU06Q'YPXJ#Q;]P=->.G:V@#
MM0'(\$5[?;)WS6K'2D.>[(MRJJC4QH#RW(G.O-!+I^8U-?!!3I<'^""]KQ0@
MGAB$%;HF`2%K\&M)+>/J0<B2XG>V4%M2P@ZN%#DH':R#0TEWE/X\D'H]OC>;
M5S=%002'C,BF05'#CA:-[MWRD-@)\SB"6BF=:8J#J>_R17$PA<'6TKG?5CV3
M7@J,=W$P:I(?*T#4X'"B#ES7$HHYL;G-I6M*5YU4"E@NI=MN+AK80(HM3HWN
MH\BN#F`GS401BL]WMG,DO9C!#<L!8&.P>/ZU/Q(JN][A?8DQ0PEULZE`:5=0
M^:OJXH,-[<S;A,9[=AA#F>:HTZM/]5H./B$'/DOIKDEL]P-3#I#:UQI3@@3M
MH)D8YMR-(+&D$@D%V.%"<`BVU3>_,L):0AP`<"]CJU`SJTHC/8W%_'`V(OTQ
MT%&M(#J9A!,.C+PYTKI).9J:507?Q"41>1XCC!+6-^>\^K((.E8/D<"T-`Q&
MI^-7'\@0;PSIN)`\G'T(@Z7GU5H:X!`Y-;7]2/`?.',(+P`_S$:305_*@@YA
MX($Z-Q`.8Y(.WVCW?NO:V\0WEI(\6Y>TW=J#Y98P?,T@X5ID4'V/XL[7_B[L
M>QWS:6^\.MB+AC&4+C#*VCQ_:::5"*^$QB[CU`!S2,V\<$1QMX,W3%Y9D:XW
M:)B""X-XU9R\45G=W1%;7#H)HBQN`:YCQ+0'/S#-"F6XWNWNIY+6.[$$+Z=.
M5X)9J!!QPU-Q0IR-UOGT$3I&SO94.E:[4RIQJS`$*+##;W+Q*2)-!(I4\D&O
M3)_WG^JU9\.:#JVW=&Z;;)-[H][3)J8\5\I%<<,E4IC$DER[J/)87GS4Y'-%
M>[[7N>U99F[5<VK`R20/9N4KG-E;Y0VAT^72#CDC)=ZON-HN1!LN[MO;8CS2
MQT!'#245RMK[NW&VHR[<;F#.C_:'H*#J7G>5C!'#-';F<2@ZJN``=RI2H*)2
M[:>\([V5D,D'1?2C7%U0J-VYQ7%Q5]D3U8AK-`"UU/PM*#SN[V]SO<!?#$\7
M%IY7,I[?TJ#F%%9MF9=6DM8WN8YH^L!X&G)!Z".:WW>U;:W08'O'DEJ:`\2#
MZ>"J/-WCIK"=]F]A?+&X-CE;0`^CF***])9W\6^00;5N+J7$3A[M<9T<![)K
MFJA^XFSO([:ZB:`QU6SM.54&^:X-LYL^$GF`<X5'E)IJ043;7')*;V&KP*&6
ME-+AF#0(*]3`\"1H<?:H![0SP09^O#;/+&!L.LDT(H"#P`0;;?==CMMOE9?N
M8)F@NB#14N:[YCOZ"@X)WQU==C']2"2YCAJTL!RJH.P-_A%B+MK&TC.E[:AI
M&&!%51+:-ZAW)K@XM9*TD-:30N'@@ENO5C($9&B0!KPX$4)PJ#D@QNWAD=A)
M+=-TMBK&US34DY`A0?/KNX==S2SDEQ#O*:\*HTU6\AI5KM+Q\TXU'A1$71;G
M+)`^W>_I\0ZM#GQYH,[I76TH?U`0X8Z*XBN:#U6T[L)XVM?+^C'+,>DH@W+=
MK*TGB>YA+Y,*G!J#E;AOKKEAB`#(G5%&$UJ$5QXRYDM&.=YAQXXH/4=NWDP)
M+2V.)A^N<<&C#&@0>@BW.WN(-<#P3B6!V%0%4>:O^\>LYUM);`F,D9T)P(X9
MJ+3CS;[#[L^'HLA>:4`!YXXG^E"F5UU-</C#7%SG8-:XC2:>*#J6D>X6DH?-
M%'$3A'*]PZ8(%:'AB@[>S[O>R/:UTT<8)`..K'G09HCMWUQ[P&11$B%H(>3@
M3ZO2J,L$L.`F`9H%!3'%!YCN:_@W$::/BFA>0W4!1S>"BPX]M"UE7M)<TU!/
MJ0=+8=X%O*^,U.%`XG`>-$'K6RND:TC&HJ7-_P!*(M(<['5YAQX^M4)YIC2H
M^<@;P26@"C7C\2"'3:)`\@EVG2?15!S-RM3&7/C!T/%'M'"F2@JAMI1&T$`8
MUYH/26<DAM#`2&L!U&0`ES!2G#YO-48[V'5'*8CK8P`EXRJ4&.TC='@\ZJ@$
M4S!4'2M>B9P;YCPRE1H:'G#B&D@%4<K<;F02%S8'"'(/%!7_`*&*@\]N+9)0
M0UKV-H0TOJT&O"M!6B*[VVW>RPV0M)[>[]\+:F8MUAA`S:"@Y4L73P?MSKV-
MYK"7M<'&O`%J#F"ZN-NO_>A8RVMDX]/1*US@VH\P:YW'\2"_:=ML+V:X][:(
M`RKXR016M3\B##<3V<#J08R:R`]KJ@@>!""-]9[HRWCN9HGQP3-+HI3Y0]N6
M"*<38Y6,9;PO?1E7:B#0TQ.'!$:+.WDG:(;=FDM!$CAF:\?4@U1;=;,F<VY<
MW*H<#RX'#\2#K0/;&VK&D,(\H.?A\J(U,!(!IZD%DD3M`=IH!Q04@G)!/60`
M@DP/+2]K26M]KP0,.J@9;K#6N.+?9=Z>:#TO:K.ZQ:22[?/,+"V?YHHY"/K"
M*U$=<?DH51T^X-T?<V\'\:VF*74:MO[6L$KQQ&JA;7F'!!XW>-C[(O-'N7\1
MM97./O,\G2>&L=F`V/3J/I*BO'[[VLR!O4L9#<QQMJ:&KZ$T;J9\T^`JA;DQ
M;7#<6P$'4=N+GZ66C6Y`9EQ-,ZX446V&6RNH)NA/'TI"<I!3+THJ=UM[;5X#
MIXY\*N,!U@5X$T1#HWE_J*Y\.2*Z$ANYKHS$1$1&@8`W2!7B.*J(WS[GW@1N
M+(^I0Z6`-:*\J$H-T5IN$&EL<)EC>`XRM#B/EHB.WMNTMO)"V2XC,30'T@P<
M*G(ZL4'6?V-#);ME%Q2I-&X:M/!5'E]VV&[V]SC,&F,FC7M.%?0HJBW;-<`F
M(@/B&-,,,A1!ZKMBX-JXQRR/,AQ>#P->',(A7UO=?Q:3HRO%K,YKI@.!=C4-
M'T4&G<-O;:V]7OJ0/TC,`YM:U<"J,%C<;8]KH=O9-!<O&DO+_(Y[LG4.#:T4
M'#W!]\RYDCG+6RQ5H*T.?`<T5TMGD%RYHE-)V`.MFMP`(-=3SGB@]9NMW/=,
M9%"QDMS,QSR'-P<!\T>I5&-EVV:(P2,/4=$0UOS6:14UYY(+K-\TEOTP27L:
M#2ND%HQP)03(MI6M&+62NI$[*AR->*!7>W.BCD;B3``][9!4!N9()X(/#]Q[
MK8W,S71,-O,T:71@4:[Q;7(**Y=AN4ME=-+'%K3RQ]6**UW5Q#>UZ+70U=5P
M+JL`Y8^*(KCMY8WZ'.<VN+'-_&$';;O%\VW%NX^\14HXR>;3^5!SMRW3WBRC
MBDC$K_9`::-`&0RS/-!R(6-@!<YW3;C6/&ORT16)UQIE+F.(XL/H4%EO>8.,
MKJ.)K0"H/J01%PX7#:MU&OE:11M$'=VVWM6@F=SF.;YBT>SBJC=NUK#>Q-+'
MN=#$"6O8PO'XP@\V)Y8Y'QN.@MS-,3XJ*B7&2CNJ"&@DN)I\B#5!?2%H87'0
M/FA4=0OW.>TZ@C/2BKB:#`<L:E$<5[I)P)IRX1CV7D84RX8HK*^-SG^<ZVDX
MFF/ABH-K(XX)BZ4@M(\@;AZ,%1M=<.=#TI->G,!XPRSHB+MJFMK<UD?J+3J#
ML:A!W+3=9)BYK6/I0D$@BHX&J(LN;YEO9FX<QSG@XMIQX(/)[A-+=2NF>.FX
M.J69!%76\T4S:$],`TJ/R(,[F"W+G-J]]34TP(YH/0]N[FZ1XBD>?,*1L'!!
MT-JW-]U>SQ-::-)#2?`TQ1'5-2=+L*Y*@:QKY@UWM,KTQ6E<$%G0D#!I;JH,
MJXU09I8Z8.817`@XA!CEAD8`WV<</0H-UKN$MF]LL9H2TL)YAPH51'6QS:L/
MEK4M."#/>0W-B]CVU:R0=2)Q&#FUX54$+7<VPR.8^YMXB&]61TQ>#0'V`T`U
M09W]Q3;E>OZ]Y;VL4S0)'Q1=-AX#R-`Q/%%8M]G;:6[9(MPCNH6O:P`5KE6H
MJ@SVV]R32">+4\-=Y&N(J2>+D'7+NX+V!Q)C;`U[::Y6L)?6@TTP"(S[AW)O
M<]N++<GMDLX'$/A=YAK:<W4!K7F$5Y[W7<+@O]W8?=G@R1Q@ES6TK@:^O!!U
M+?;;5HB=NVTNC@=%47L1<\.>:'4]K#EPPR09-R_@DUG,Z.RN8O=F?5T=))#4
M^#_9056PNFVD'N44QDD86O+&Z7'^EP070FX8P58Z+2RDQTG437B4#?'>$F=]
MM(0PEK6XTKX^*#=9B\E=KN#H!P#`*4`0:W7+62"-AJZF2(V,N/)3$DYA!7Y3
MB@""&X\.*#182`2:3\X4Q0=W;>S;[>8IKBS:V-D0QD<:-<[Z+?%4:G]CRPV$
MD,HE9O3?/`S!T$K.+6N&3QXE!Q=LW7=MCO>K%6*9OEF@>#1PY."@]9_CO;;V
MWDM[FRZC'MK)!JPU?2:<P1P5'F[."TN+"]E@GT21/&B"2E71OR-:YCC@@X5V
M'1,+88@^8>VUSJ:J<BH.#&=DO;A\KV36]\]X8Q[7M(ZN>(X8\45@OK#?A>M?
MN<8D:\EKO>`YC,,*U'AC4(KC2]=DCX6'ILU>R"=)IA6IYJ#74\V?H]'MC+_T
MXH*3&8[AX?BZM:@U%$&JT@9/,QG,T)XJC8Y]S"YT;99&-8:1C46U'H1'?[<V
MJ*Y(N;6=[J`":.OG8X\_I-0=??-Z;MHAL]08*:B6FI-,FGBJC+$';V.E+(TP
MS-^J!P+)`<P>5%!"RV6"QG]UNM+97^5SVG`M<<#ZB$&R&T:8@PN#KACCTR#2
MN-/Q*CH6UE)$&LN9`QSA6@(<:'Q'%!5>P,%K<,D>=5L!]6374QW'%!X.ZN1[
MP^."4PAN#<<P<PHHN[J6_!F=`7/MV!IEK[(!P)07;;[_`!ESXW-#SZ.(X4Q0
M>JVJ\O"PL\QGCH"'_,!Q(51K_AK7W'O5M*YT4[`YSGFC0YQH0`$&I^W7$1;;
MUT2@@4?RH@T66X^[3.]]`=%#BPO`.(X@FN"#@;_W?%>]2![C)%)J:-)HYM>/
MB/!!X*^K/.P-:)'5P<<S\BC2I]N7OT"H>W#QP\4&N&!H:UNIH)P%<JHB^1WN
MS&/'FD;B_`EC1X50:Q%?7VV,EC:([8%Q#ZAK21F*XXG@@Y4;A$`&@TKJ<VN1
M&2#)N-X),>F6DDX#)17*#O-7@$5W+26!]HQS6ATS*U<,"%4-]PU\C6AX,AP+
MG-'+*J"43Y&O'5=0.PKG3U(C0^XGZ`AMWZ(\07,<[S<@04'+%J7/+9C0G`$\
M%%#K0Z2PD!P]DA!HLX:5:6`N/$\_!4=2YO9XK,0L8"UN+FD^8^(*(Y`='IDG
M#R]QQ,;@</"B*ROO6MCTL:&DC&N*@4$H>]CG'41B6G*H0=-EU&_ZMXP;D<:>
MA5&O;K;J7#HPT@O./&E>.*#TMY-!M6WE\KNH]N`=D3R1'EI>XC=22:'N:3DW
M,$#('T(M(7%^'O:^6W$>H`:V8C#P00MVQ23U/F:#4N&'X$&AXA#Z8OX-:.%4
M&-D-W+=B.!VAH.)RP]2*]=LVV"VNB(Y&RM#07O9EJ/CDB.X/.2QWZ09'FJB.
M9#2:/'LN0:(K@.P)I(,_%!8XM>W^MS08+VW)Q::._`@R/J&XC#(A00<X-^<`
M>1PJ@A=7<FX]*S<]L.D!HFE):T-'X>/!!WMJ[([59N$$^X7<-VQK:3L=+1CG
M$8G!U:8JEOH._?RYLMCBL;/:[>>]BAI+$R(..G,OUFE?+B,5!\0[RVW9V6\S
MH)3'U"V6UMF%KH]+J8$AQTFG!%AR;2TV*4EG\0,+6N:WV":X#&M>:#T^VP;-
M'9RL$[7N:"1U*N!)P::5HB,FZ;]:-L&0LMVQW4=&-?"YKFFGM5`QHBI0]U_[
MJR"/2R?062!PJ-!%*"G%!P9=SNPPP,<1IJQKJN8-).1H<4$+N[W:UVZ6R#6F
MTN6@4=\VN-6DXH+]ONMMM;"DT+O>VL`$L<A;^(\4%%O?ADK>FY^GVGDFHK7\
M-$&QE]$-!ZDQTN+@P.H*\ZH-C;^:[>7PL\A(U/&8YC%!NECC):(VZ:"I)K7U
MHCTFW_#_`+HO=N9N%M#&^%[=<0ZC=;QX-Y^!0<&6&:"9T4K'1RL-'L<*$$<"
M@U[5M>Y;K>-L[*+J3N!-"0T4&9)*#VVW?"H1O;)NE\W2!5\%N"3Z-9R^1![G
M;;'3!%:;="V&W91H^B!Q]:#K2;=##"\2R=2H\M!Q0>.[AV7:IK:67<6AL;*4
MN&CSMQPH?Z%1\PW&RLK:5YM[@RQU^K<06DCT%!YJ;N,6I?'?0&-XPA?'0U\2
MHM.+<]WW,D3V-C#2[#5C4?UDM:<.>]ENKITT@:'R&KM+:"O.@45Z&+N3<.DV
MVO`;^U:SIM$A!<W##2\#5ZE6:8O=^JSJ@ECQAJ<X@>7+!%2]WO/VD?H=?L#/
MY$$(=KNKN0AATRZS]40:TKF?!"W7LNWKJ*_;;7C>G45:6?./"G-$=^Y[8U6;
M9+:+JW+"XNC?Y6FOT<D1Y:"[W+;[U\D+WVTD=2X99%%9;Z^?>W;[J9P#W"KA
M7,^"*V[;N;K9S`VH-064-0/0B/87+67UJRX+B)&BA<[`GE4>*J*=K,SIFLE:
M2&.U'"FH$_-(P4'<<^1T)D:3$8_(^E,VG-OI"HAO-Q8-9'<7+6!UU$Z/2T@$
M`<:TIB@^>;]8PMFZT.+7$%@J"17G3!18<XQ7+JCJ-+@/9!176VR:XFFCAZ[L
M30^8AH<!3$A$>JVNQ$.N..[='-I<)P&AVIP'S2:NJB,NW[[<PW+8+R-W2U%C
M@QNL5YN8[)!W=LW""^#[X'2YCBS0:T!9A5M>!"HG?OLS;T=I>'%P+7&OM\N5
M>"#Y7N!>[<'B`:6M):^GAS"C2L3,<T.DS;A2I!]5$$;BYEU%\6#'4U4Q01$U
MR6BA.&/@@Z,,PE(@N6ZV.`+FUTUY8HBQU[<6L3K:V<(8'8EM=7H(U<?%!BA$
MYD\SPX/PU4Y\T59)8A[7%\8=IR+"0"B.'<PF&:CFD#.A%%&BBN3&YVAN!.'.
MB#I1NB<U@U&/4*N!IPX8JHJGNXV28C4SYH=G^!0527;FG4UP%<@.2"DW%RXZ
MZD#@BKV2S:>D!5YICGFB-1E=$`YSJ%N:HVMGM9+=NN0AAP\N?K)1'+GDMH)R
M6GJ@9&N!](45CDE,KB10>@4"*MM8PY]=6D-'#,E$=2.%KF-#JU!H3R5':M)8
MK<L=$*&F+]11&7<KN.XC?%<O(#\6UQH@YL`@A<T1%LI(XBA14NM-1W3H'@DZ
M>!01BF:7DNC\SLW#-!I@N6-EP9J^C4T/X$1<8F.;J``<<PWB@ZNV;A<-G9`V
M,Z0!@T4`]/B@](YP?YA@\<%42<W4W72COG-_I05$@.J#3\J#1%=#3I</-SYH
M)NDB>PD_B0<R[$CJ,B8['GF?R!0<"\VR_N;PQR73;>W%-9<3Y6^CB45V[;M7
M81(UD^XNN@6^1QD`KZ`$%T<?9FVWULV6**]B<2TPZRYP)P!P-/E1'H[[<_A8
MW;'3M]V-TUX$,+VO)#2/G9D@>&"H\#W/?]JWUJ^#:=O@LGGS=2-\A!XT`?\`
MTJ*\I;75K$1%<Q$,;7&,T=CQQJ%%=BU.W7@#6WAA<PC4YY#=3:\E4:YNTYM9
M/OD#(JUZK3J.G.M!@A:AFU69D!M;ATC8Z]9[]+:D?1&9KXH-\7;D<A<VXN6P
MN)H(3Y=;B*@!QYH//;C<,AAGMW$N#748UQH6$'$4XHK3ML]@_P!W+[@/E<T=
M4RQT#-.36D9UYT1':AL&;BXW3#:Q,)Z3+5H+0TC!I-:H--AV9O,QE/Z&TB>&
M23EI,+7'$5>*T]:#O11[-M5H+B]@CFO`[3Y#Y2&&CG.\?"BJ.;'<;;-<LNKB
M8>Z2G7,QN#FC4?QA0>VM_C#:Q.MMOV:R?+!!$(HFT+JOR`P^:$':=VRS=;)U
M_?6YM[^<ZWW.9>3C[!-*4P5&?L@C:K^\MGP^?#6UPHX-!I4'QJ@^A0-VET39
M:/<TXN9@H(W>ZPQQD1!L$+?F@X>LH/)WOQ$LX7NCC:^<`^VV@;ZJJCS/<O</
M\5?$R!S_`'=F+@3Y7..6'@@\]+8.N"\Q@&2E6L)#:^BI0>%[@NA.6PRL,-RU
MSJ,=I#*-^<QPXFF*BL.WSQ/O(X]UC?>VD(<"(B`!A747`#50^**MW"X[9ZQZ
M46BV?YHB,7-'B`:CUHCF'=K01=)D&D@GSM.)'K46F47UP"T2-^HSTD<.80=3
MWRU_[Q_Z&N?S?ES0?HS=.S^V>XKB6.&+H7,32X7\#=&DDTIJP#EIEX*[V6YV
M:ZGVN]$A=75;7]-3)`/9()_#1`0W<X(ZQ#L-+Z85\13)!S=Y[<M]U(?!,V"1
MC0#(\@1FN1>>'B4'SO=!-%>/LY(F-D@<8W.BTEI(P]IN!66D89)(G8T.DUI^
M14>HL=YO+B-L;G@-`#!6@`;7GX(CT5O%/:AE9.HYXU,H<%43N+^^D%YU&])L
MA#64:#351K?PA!Q=RW'=H+:.RO(H+POJ61MPE9PJ:<U%<">%MU=S-9:26[V1
MBD&HYY8AV/R(,3;*-CRYQ.H`@MKDY%=OMW;9;ILY9.R'IM)<)`27Z>6%$1WM
MMD=>30/%8G/_`$CC3%S/+5M,::41UXNW6NG;/>WG4?$:-;"3YV\&RNR*HC);
M1R78CM]`@A.N0X@Z@*TIE3@@Y>\W,<;9+Q]LUF@5Z52QP.8(JH/`[WNHOKIM
MUHTW.D-E+::7$85I3DHU#$97O9Y=)(Q(0:K>5C6M<\-C>/:U9$*C1+TYHJ,8
MQKLFNK0'QP051SW4<E"<6M`#AQ^5!.4,+@][R'@@FC1@.=4&6&Z<)GF(AS&.
M]HC,*#4VZDA>9<"UWF&.'H*HY=[?3S2O<YU2_/&N`R"BLS'Z75I7P*"]LTSY
M6NT`\,<`2@TLMF.D^N`9S:<41&:WMFR'0XN%/+6E*((,DBZ1&(:3F>%.2"R1
M]I&0^,E]0,!P*"X`RLU%N`Q-4%+\=08TT/E..&*#(^V<PT]H5H",B45;/;]&
M-CJ_7.QH."(C$XAK6-;23575S170=/-&_0&UU?-;E55%K;J2UC<]P(U9-S`0
M8)Y99'->'APST\JJ!3"<R-FJT4R##R070R=<:)#I;7%]<4&ISVQN$;6G0T5J
M.*HG!&7MTL<-5:T(IAZ4&B.*2"0.8[7I-2",`41TH-U,88V"-KI\09*8"OH0
M>CL6RBWC8\$RO;K-<SQ1%\8DD(T5KP]2H8B=J.H`$<"@"R-P-7!KAEXH(N!;
M)1I+J8`C(H"=T_E$,6IV-7$X!!P9F>]WWNE\S3=&F@L(`T"M22:G5A@HKL[?
MV%:.A;=:GW+W:OJ7'RZ#E2F9'%$M&;X?[1H$M71N'MN#J-SJ:<DHLY.TMB@>
MUK"8G2`!N(+B?2X&BH6_?#N2/M^;>;+6^VMF@37&N,ACR<G-]H#U**\;M6UR
M;I(;"-ULU[0XMEF<V/5C6FLC-!3?=J2V3X?>9(RV0$UAE:\8&GS:I2VPQEMN
M_3U7%P-33PR4&JVE@N'R.<3&YU/8PU'T*C;;['NMXQQMX99V@T)J2-7`4^DB
M6S7&Q.9*67+'Q2X!VOYI&8(*%HMB@M9FZ`"PYN;F>!`J@[$5U#%&V.V:V5\H
M(=',T&A!\I:04'0;W?W#9V<]DV01V\ITS@FD;Q7,@8%!PF'>;\R/M8))86DZ
MWM8Y[17QH@E%8[E;SB&^C=!"\!U9&FFFN80?0NVQM&Y3V>T;5(^&*/\`X^4M
M:TR#,Z=(PRXE5'V6*XLG0V]I;NPT?5L)JXL;@'%0<O=-C;UXKP%S)XL&N:<'
M-XM=S"HPWUU=1VCS#U!*P@@0@$_]4X$<T'C[[=]VOFAUQ(>@3H.@:6UY.`_I
M0<J::W8'#4'/::%H*#(;K30P8%U=3.%>:#B[WW!?01RP&(!X\\3J@-I2A./'
MP45XT;Q,\RBYB%QU*F,N)JQSCB6TY\E%ID]XDU4@>8].5"6@^E!LM-IW+>KM
MS>M%U`TO<^1P8W2,S@$$MQ[:N=LMX+F:ZA`G:YT0:ZI.FF&'''BA;$^UBEU.
M8Y^O0TMB<W$FF..6E`>ZS?1_U**^^[?O,L6YW$!OGW%O>1^:,DU@+<@#4^4K
M3#F=Z=W]=L%C=7$4#K`:(>G4A^L5\]<1ZD')V:[GW,=*/I2.#=1:TG40/H@C
M^E`;C,;2UFDT>\1&-W4##4-(X/H0<T'RW<IJW):VK6`X--,/6%EJ&EU.DU[#
M6HQ/BJ'%<2,=Y30#((/5;!N,DD+8WT<`^M*XBOT41ZHVEW=-?#:^=TL9KZ'8
M5'/%5'#NOJFPV>[0.@O+1VDR.\SG,'`E0<'N.K)?>+2^%QKP#<=8'`:LS1%A
MQG37&$L[SJTG2P"H)Y545V=JOI6AT@>8&@>=U"ZIX*HVV%Y;LF>9S*\.]AD0
MTDU0>MVB_DN-EE;U6Q2L.@$XN8W@?%5$X+BTLGN;('3`@,+P``#2NHBN90>/
M[PFOXKDZ)?>;"X.KI,)U,;]$U46'CK@=4_4QM'-N.I160'2:4H1[5$4Y'.E=
M6/&@Q')!$2R5`)<T-XC@@TM$\S>I<2'0#I:XX_B1'38('V^/$8.&*HY5&B<A
MIH1F3_2H.K:V%G<"L\S@UOT>!/-41W'9[&%[BQX`:*ZR:@CAQ0MPGZ&R.#3J
M;P-***LAG+"'`_\`1.*#7+)>20B9["^+V6O&0HB,UQ)&Y@T#2>('Y4514^H9
M\D$HHWOD`:/4@[-B7-:628BOX#XJHE++:QAV`U#%H(P)08)KAA=7`BF%,@H+
M8YK?H=6=A<2[RNJ*_(@MZ5LU@EB&+\6U"H/?)@6N`:!F`!4H*;B[FDJTT#'#
MS88*"MT&FS$S'@M<2W1QH$%1J8FOZ7E::.<#FB@78#2`VG)!LM+HEI;([$T%
M2,1\J(VPB72US)P&C!VH4'J51JADUM=5[0!F6BI]*"N65EL1IQ+AJJ?'T(/2
M=M;A)TWSN<28@UC6!OE#>)*#T-A<>\,=I<=#26$@`9<,."J&]K(W%FBIRJ<3
M0YXH+',A;"*Z0XX`'.B"BZNX&0AH=TR,=>``/KH@\UN7<MU;ZQ`&.AP(FCQ)
M.6-5%>8N^X[R63J.C9U`*=0`5SKBBTU[=O&Y2VQ;!+(R756-K'%H;Z*$8(C3
M:_XBW"0ASS1I^L?+<"./T:1D@LNK'<K=Q??W$0#:.C8;ASZ\@&BM4%6Z=T7)
M@EM870QP3QB.40X!]'!U75%:X(4Y$$SFP@O+6M/L&F)KXHH-J7-;TYVEIQ-3
MB@&Q01@ESA(XU`QR*#3%N%M:AY9$""`ULF+7CB3@:%!Z[:/B'+!;2F;;FZIH
MV".XC:6,$C,`\Z1G1+2B[EW?8=XB$L-F67LK@Z>Z=.Z5U:4(H>!08;8[".@+
MRW?*(R#,UCJ!S.-/HN0:-Z=VDY\,VW:[8O-#;/=4-&(-3FTH(6FR['))%*_<
MXA+0:H)_-""3[!<"?FXU0=V;O:?9[<[;9;C6**,Q`-TR02MKPICJ;P*(\OOO
M=^\[W(T7TOO4D30&D-`%`*8TXT15_:>[;Q#(^';YC:QDFKN(U#'Q0E]<[';/
M:Z[B]OA+=",.DD<U[=4#:Z&ZI"``*?-"J.I9]^VFZ7XVRQA,[RT23NP`C(]K
MY$$;V[BCO#$RH?2M"#0^@H./?;2^]?(R#3!-<`-<'>P2/9(I[)0?/I[-]O<R
M12.&N-Q:XM-02#S"@MM"YQ,3(^H]QI&1B:G!43O-MG:XV5Y$(LNHR0`.H>:#
MSEYVA:276J$FW:*4;'CQQ=GR46V:?MB-\KV,DHYK0V.-\?UA-/:);Y0/3BA;
M'M/:=S,_JW#NG&,7&M*BM,,\TI;<W=-NO+2,/D-8S(YD+3B:#&OAFH0YX-T[
MS`EP'E/@BMWOE[X?\+TO9^:B/=]WS7=C-"88ZQBK8;YIHXMKD[3A7TJHRS;]
M"^*FZ6C9Y1&.C*X:CZ^:#T?8W<W;D=+9S6VTY:&Q3$:1B?9=X#FB/6[SLG;+
MI:"8MAN,'7,='0F1WS74RU<U1\@WCMVQDW.2$3:&-<6-;$!3!Q'X5%MAO]HG
MVNX%O(T]-[-4;CR/-!S76U7AP)]0J$5TMO+(<7DQBOM>/#!$>_AB;=;9;7UM
M>ENYP5$;&G2<JXM51XNZ[PWP7\\ER[KN-6N;*,N'#$*+3C_Q>66[,\ACK6H9
M2C13P1:.:_@D`ZE,`<6^.9P03@NJV]+9KZC,TK@?'A\B#7:7(`8TN<^3&C:8
MBOB41Z;88+XN$1\KY*5833R_2'TD1/>;3>P+B!@H]A!AE:,QR)*#RM]NNYPV
M_NEQ9`/:27R`$!PI\ZGY45P'7,AU&.,-/$C@%%2LH3.YU9FM><FN%2ZN=,*(
M,\K70SED;P^F3FY8HIS/(B#-)!/M$H';7+8QH>-49I5IX(.MKC]WK$!HKGE1
M5&8QQD/HX$NK6F6&6:@FR^AAHV1H+7#V:Y'F@R7E]')01M\HRKCAR08S5SB:
M`5X#`(IMH7MJ,*XTY(.A+,Z(:(*](Y@BOXD12Q\;RX/P<?:+LT%FJU;&XNHZ
MH]FE#49%!DC`U$M?HY!%=**[<T-+"`X9HC!/.3(:Y\T5LL]GDG<RL@:]X+M)
M&&51\J):FYAEC'3FB?"*^0N&!07L<71M#G`Q-`H!3`>&2"SKV@<6M9U'$@D'
MP5&_IVKB)61.C:_#2345YA$4/,#&F.XC^KK4#A4C@@MTVALI8`.E'0%FK&AS
MJ/3R0<:"$@]34,':2UPP(45U/>;70&NA;4-H'-`%:<U06LMN?*YA`J*"M1\B
M"^2T<Z8`.;I.)(P(]6*(JEBC#PQTNIX^:11!W-EGMK6)X<TEY!H:T`<<*$`B
MHH@T[;N4T+G-:\-;4E[!FX^M!W8[N5^F1XS'K50Y7%[]67(H,-W8,NZ=5[BX
M&K1\WY%!YO<MOL]M+&S@SESBXC%OXN"*HM[/:;^82RRNAJ*-8&C2T_-&*#T,
M?:(NXH^E>.9"T$/`HYQY#+2U!U=G[?VN&)P9"V:34=3I@'.)\:JH5S8;;62R
M?!;FZG<>F2T!L8.8!`J2@\1W-LUA8V1]VA<]_5(DNB'`#DQM<%&H6[?VO'T+
M5]V`WK$-;'#(#*\O&H%U?*&@(EO7S]@[%[J76L@=/!&6]$2UCD?2I=K-'!S!
MF",4+>,N]JLK"*(E\=P:ZI-#JNTG(4YH)V=O:WTDK+AS8#I'0:31KG>)&`0:
MMK[?AFBO"]T[3&X1-@A>:.D</*VN5.)*%LU]L[;*#S!UI<'4V,2Y284HVG&J
M#:+>*TZ&V;A%[A,6!QGD:Z36#F`6.(/R(,.Y;?8$RRQ3,,S31MLQK]3V_2Q&
M"#GV@M6O<+J!S*^P#J%$5W=MW#9K9DEN8F$24I*]M>F<SF*N1'4N>Y.U]U9)
M%?67N9C8UMO<0-HXN8`!5@`P=3&I08MO[AN&]1@8SS%M)"T`Z6X`5`0=BTM.
MX^Y+DP^_?5,&D.J6@QMQ#6ZL?P(CZ#VAV^-ALOJ(FLOGDB>8.U%[>%3P5'7W
M`7YM'201":9M"V,`NKS`H0@\QO7=NZ63'6O\-;:2O9H=(ZKGT<*>RX4R0>4;
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M8!?V;H)3]9&[ZN<4PH,O6J/`2;-?6TABN7&+2*Z'5:2/R**NBEM96]&0!HR:
M]N=0@]%VS;QP3UFD(D95T=#A08U1'G^ZI+-]^^Y8Y[Y'$]4.]D_V2,3ZT6'!
MFM6RL'0%2<6T``-?%166XBE8[2ZCG$4TTR16ZSZT=L""03B6G(@*H[[MZ$HM
MY/=+=O38V-YA:<Q\YS>91%3>[I+-Y='%U'U(U2#$#^K3((4NL^[;^1NB=SGM
M<?(ZIU-\#S"%%N.Y;M>6IB?TZ,)\M,T'FG[5<S"1U`US,VUS]"BVHMS-%$X2
M-+8JXNTX@^FB"N6*,5D;-JKB!2A15%7:3C75\N""V![6L(:VLKC1M14(.S81
M&1KXG@ZW#S-I6A\/%5&2Z,4<^F*KG-&DA^8/J4$V7MN+40W#&E]?*[3Y@/2@
MYLC&ND<8_,*X</P(H?;3,>T/'M\L:()=!@ED+9`6QGRDX:O4@U1;J]HTF-CF
MU!J10BG(A$I"X>^\D$@!UD`<Q\J"QMBU]H9&@]6'"1IR/B$&'I.U:65<\9BF
M2*VV^V7^DGHENK(N(&/K1"]V>)!]7J<T^9M#6J#K>^AC&&$T%`#&1@"."J-I
M,5S;26E\*$Z2PL-2!7,50<:[[?N8#*87"6.,U:1GH.1*BVHMK9HE;)<`N::5
M:,Z>""VXNX"_I,:Z-@QQQ_\`4@OBN&RO%:..G20>('IXJCHV[(W6Y;&YSW/<
M&N%*FA].2(Y=Y8WL+W">)[(I#5KZ5!HBBVC!)!>W2,&AW`>"#4^"Z=/'%`6C
M5CJ(`;Z:HC?:;=N48(`'4!&LX4QQP(X(++C;[A]72,:9#0N#<Z>""AS)8AYW
M>6E&C32GI\4&*VD(F)E)<*T(*#V>TW4=S;:FM;5F#FC(>(1&QC-9I549+R[G
MMAA`YX!IJ!;EZRH.'N^]S"L3K+7&6ZOK12K3A7`G(HKE6FYL;.928]8931I&
M)\,$'J.WNZ8F6W1D:&@>P&-\SCXT0>DMI[(EERV1S97XOC(/F_Z(K\JJ./NO
M=D\EQ+%!:@VT1(ZDI#:.X/90:@1R0>5[EOKNZV2W?.S2'2'3)U"XR$&A=H.(
M]:DK#J;:+6RV&"]?=PR=1KM=OI'7-0`&@FN`/#!!R+S=(A$&V;);:1["VZ<\
MU#ZFHIR""=M&TV98*%X\W4K^!I_&@HL-RCLW:;JU9?QZJT((+:`X"B"X=R/@
MMI8+:#2))72L!+@8]0R!PQ',H4Y&Z;IN%ZVW%Q+(_I.+FNDH::J4\V9P"BP[
MNW[AM!:?XVPWD;Z%LQ+PYKAA5HJ`1SXJH]!M9[9BF,ME<-9'-&"8RZI81A0E
MV./)$=:"PLKR$"9T+Q"ZOG<UI-<,G>E45.[59:3"ZCM@!(26!PJ`1Q"#=>OL
M;FTT7^U6\A-0Z6(&-[JBF%#04SR0<"TVC9+>![XW2^]-<#`::FD<:FM0?4H/
M;;!W%=0[,VPVK9V7%Z"Y]S>/I(YS3S'E+:>E4<ZY[AOIHG:IC&)#JD8#0`UR
M;3$#P06V'=(M6QN?=S/>QU71M>=!;3+$9@H-Y[^VV7_B;1\H/'5JPY4<$&.7
M?NVS-UHHY]3W`]%WEB8`,!Y""?E08K;NB.WNW7'2ZK]1(BD),8Y8EU?E09KC
MN:6=L[3;PUF)(?IHYA.-6$40<:;?GQ@ZG!SFX4IQ]*@PW7<%[,TM:=(&8``J
MBL!=>3NJYYH["M:(*KS;-KDA+9)7OF!PR#03XXH//WVSBWHYLS7!V046TOX=
M<\F_HJ>T/E0?I>[LV212W44;62,+G02OH*NXCU^"TR\_>_"W^,68W6TO0R^N
M&AXC.,1H/9J,:J#RL;-YVIMSM-TR2*,_I(:EM'9:V#B@X%Y`]IZ<\(N(B<)`
M*.IXA%>W[)WBUM;`V%JUD<;SYI',:7Q./,9EJJ.N^TCCO6%S73QD`3=,#2\'
M-S6NR/@@\]O?:^S7]^(G7C[5KCH8ZY'LM=C0Z,L4'CM_[7DV#<&VQN8;Q@&J
M"6)VNH.7H45S7[A=P2T-0ZE"[G5!BDM[Z[N&Q0,-P\Y,`+B1Z`BG<;#OL$$E
MU)926\$1`=*YI:T$Y#S(,;'RB9M/-*10DX@>*@ZI&V,;6:A?05:TX$JHN9>6
MC0>G&UK:5P03?=6A:'&GG'F&&2"NX]U=`'L8729X?CJ$%;;F@`<=)(P)Q^5!
M2W<I`XN:!Q`?2N*#GNG=<2D2ZC$31YH*`CBU16B7:7ML7.#ZM:ZC7``G2>*I
M;D2031.Z8!-,:@**TV5K<%H>6/:QSJ"33Y:_VC@B-K7R6UZ8WU+1B7---5?%
M4+38QRODEC.EQ)%35U#XA!BN'-NKD-MXSTFX!H-:#TYJ#>=C?(&%C(PT$%Y#
MJ/IR(*I;1;[/,&OK&X,%7:FEI/A0H6Y+6N;,6/B(C!J0<Z*#:RTM'O;.XCH.
M%-)%""!X*CG75T>J60&C:T%%!OM;.ZC94S-`EP?J!)"HL,<%E*9FR&289D@4
M*!_Q2::O4=JC(IZ/0A2]]I--8.EB:XR>`Q/(US1'.%GN$3VA\3BZHJ*8XJ*[
MUDTAW6EB+78ZJCS*HTOO;&+RO?JU#S#(XH*?>;&1SG0M;@`6EV&(.(0<B^A@
M;,9RXN:ZKV-:!Y3P#O!%0=.+B2K&L8YPJYQ%!AR07P/<(`QNLZG8OBX_@1$9
MY[FYD]SB,@+<'-J2Z@Y515?\.?;.<'ZG'(`C$_*@V-CN&1"</%?^Z.!Y(C='
MNLMKHBN&4D?E0UH$&H[AJF(JQPJ'-!-"$$A]<'-N&ZG\QB*(.=_!+=X?TKDZ
MW5.(PI5"T[<7>UDR1.<&D'#,'Q0>MVZX$]G'(?:>,3XJHHW'9]NO0!=.<7--
M0\&F7H4'E-]V::T`EBE,T`!:'2XTID!3^E%<>)_2GB>V,:2/.,L!FHKM;;MP
MDEU6]PV`O<.D#45KG1U*8*H^APW4D4-O;-:9+AC`UT[B`T'TMS"J/-/V^%]P
M^YOI>O*^;&)KZ0MK[)<&XUH,5%>5[I-HZYZ-LTG22>H2=)QQT@X@(L-.T7MH
M-M=87$3I)9"#%.*#33CB*T1)5FV=U7C4V2($!S\_,/2@>YQW1MNDR+2!YO*<
M".:#EMG$88:NB?\`.<2:U\%%39<.:Y[\7,&+L`6@'"IKDJ+XC!>R`R.;I:`-
M)(;EB,,$&V?<M,#8&6S9;5]3[LXET>5`YG%CO041S8K;JO=T@V`'%HE<3EP!
MI@BKG1[I#-%U-0#G`MDK4U'&J([<'<W<;6/:;N0,``%20&^@%!;_`!S<KN,1
M/N'R%OSRXDFN?H"`@W&6"0NDJ6L%*.P!]"#N6MW+#IN+:=T1.+2"6G'Q1%9G
M:\NZK=1<?:KB#X((XM-75(.1=@@&W<,=,G"I!;\[*J#.V_ADD>'^5H&'$U]2
M")NV"OE,C<@,`@RS3SR1FOEC/#(T]:*J$1F92.+4X&E,?Q!!)NW7[HW.]TD$
M9.#PPT^5`A8Z2QEQ+TF/!>TBCO8S!H:H)7=GM1F]SZ_4N)V^S"VI#J<0<O%`
MSMNTV\$%NTCWIH!?,]Q<TEW`#P*#T'ND?_=Q_P##Z,A[?TO2B-X[BL;J\TL#
MXW-<6L!!\M>#SP5'<V'O$[,#M]X6>YNJ[70M=$:XUK@YOH0>R=!L^\V4;Y6L
MO89&@QW(Q(!^BY!X3N'8]OVNX,-C*)PX.+H)&@R#P!XH/-]N""W[DCEGM)(X
M9&N`U#\)0?19X61V?6B<':6ZV',:1XH.3W)VU%NL/5M&CW]C0^,@_I!GIK^)
M!XN\C[?M=J?<S2N_C3)`'0O;AI&!`\0H/-7&\;:]AD]T:Z4FA)KES"*LLKHE
M\1C;T#B>JUP8=)X%PQIX('N[#N[PQ][+<"%NEC2ZC&T]*#CR[)#&75O6L'$-
M!*+;E2Q22.#88WO-:!U,U!.*VO&-=6OE]H`5IZ4"99;J]G6;;RNA&!D#26CU
MA!WMK]]$08Q@('MX'+QJJCH2[;#<-!E@)K\X84]800A[.9=0RBVN&Z@/)'4@
MCTE"W,EV2+;W]&>9DFNNMC*FA'$DA"VV%EO##TBP2Q.%6T."#I_QC;(.G*W:
M[>1@/FB<S`X4K7.J#J6_=KI"RVAM6.@>=)L@`&^FE**HS=Q=B;Y)+$ZVV>X<
M^6C^I%ID!!%3[&2BN/<[!>V[*7EI)"R,:9!)'0`G^L0@XKH+2WN#[I'C0C47
M8(,UO/(^XTN.D/-*')%=6VNYH7$!@+LJG*B(SWL=Z^<2B,.B%,6C`5]&*"[W
M#KQZ)?("WVA@/D01MMCVR*363U/ZI.-:(6+BWB$.K$.&!(K_`$H(1V=IT73/
M=J#!4XXG')!EBWFW@HV&%K6@FA(J<46F^RWJ:4T#0(SF&X51*=`R7<T74B8:
M@9D8X(*Y8MPD;J&!PYTR\4'..UW37.DN6.H,<#A0\4&T0N&EI+>E3(TU5IGA
M@@A*+7RM?`V1P;4BN8!QR09[JQA(CN+:A+\'1@"C:CD@R7+K:U8R.X@?$0"`
MZ,FIKQQ`16:V%N\=5SI*@@"6N(')0;YK@1QMF=6XZ?E`D+JNU"H.?!5'4L[Z
MSGM"Z2$]0`:B21AZZH,]Y:64T58+IE3F'UPXTJ$&9UK>P11F%S9HJXEF/HS0
M70[C*+F.-I+7$TD'M8H-EX9(Y&/9'I!`UTQ'^A!%KG&.KFDM)KS`0=G;9I&6
MV,@>#PI2E$19-=$,.JA)(Q0<?=KZ.2W?;G!IP)]/%%<**)NCINP%06BF)IZ>
M:#K6^X=&(LC:UL@\Q$@!!'AR0=+;-\!A,,DP8:$-.6#L\>:#/?6=I*3/'(8J
MBF#RUI=2E<>:#R>X_,CU%V)`JHL.U:/A9MKG`ZA&TM;45<#FJBLWC!9"`$"0
MU=CS*!VNX24#7EE&MTQLQH37$E!@O1(^5\C;=K&AU-.JHJ>1**S10&XN=$\C
MF,=@YS!6OA3!066=BSWLL?'K8"6DR5%0#A3Q0=N-T%J&QL.J-F+(W>T*GBJC
M*+][RYC+<%K:BKFFK?$(-4=PY\3FN<7.92@(H,<D$9`^:)H+J`'%O,(+(!*R
M/4TX5&IHPP0:HV"64/DD;T6Z?*[,TS;F@[D.X,>P.T"OLM%*X!$4&YBCDUO'
M4=7!HRKP0<^^W%\A\P)J<8P:&E455+92/B$T)T1UP:]VHU&8R0765HUKV>\G
M1'2KRX4S&!!%4&RSNK60R6S+9DNMQT7!%'BG%HR"(JW;N&SCL![O#2[:=)?)
M0@M;@?*/%%8]NWR63IPBX$1Q=)+"WS-CKYLR`<"@P]P[]/).+:SNY9+*V;HB
M+G.\W-VGQ0B'(L;V6:<1:G!TAH^45):"<<$5KE@L[2<N;<%TX=Y9FGRCQYHA
MW1OX9([VQ8V6S8-)J]K]5!1Q<P'4`BK/X[N?[,/T'(Y*%/H)+7DS-;&"\DR8
M`&HYK3*%[-"Z$B8!KR!2HJ"/!!7;=S[KMMN+:TE<+9QJ&M)IZAP4&6]W/<KF
M:1\+7.E<VKGDBM/`E!P'WNZPRB0S.T$XAV:*[.T][W%A?,B?&]]K2CF.<3J'
MA5"GT6"]L@^.YMYY`-(I%0&,$BM.:J/EO<TT%QW%<Z7.:'2$.!:"#J-5%<R6
MULX65<TN.(\E!4<#0Y(,KK*`1$PB7402X%P/]"#"VVOBVD)<UHS;6A16S:#+
M#*#*X5`^?YA7T(C?8WT[)GNZK"<Q@`*H)3[C.`#!T=1-)"&BIKG6J#;)W#O4
M%G';04-K2A8T@-Q\`@XL][N#W:I7::#!@%!^!!!N\;A&YC6DEE?,TX@H.O<[
MDZU=&^&K#,T&1K>!0<_=+R2?IF6W#GCV91Q']9!5<W,38V1L=4D8@8`>A!DL
M9;V]E=;1-=(T'$@5TC*I17V/M78.V]BM!=3R,N+MD9FN)GD.TAHK0<E678V'
MX@['?ZYK?<!;R$4?#([30>N@0<??N]^PWG3<7#;IU=)8W6YG(U`P0I7L.]=H
M.G,MC8VCX<6NDT"K2>;2$'A?B-;[*[?.OLL.AH:WWGIM(9U#F6C\=%)6'G_<
M;HGK/>(F@X:R`'<4&UTLL4;&``"0$N<WC5!!EIN$P]Z?Y(!DT9H,TUW/#,WI
MQ^0X4(X9(+7/>]K&O:X`\*X%!JL]J][)$;7-#6DO`_I0(=O;='4REN.&D$UK
MS(0MT+)MM!'IMXP",-1&8YH-FIYQ'E%,,L/4$1&6601.=(?9R93\B#'+N<+8
M=6O0,BTUQ/H17*GO6$:23J./(`E!G=,QLT3F`N`'GD9Y>/CF@Z=K<P/R(:P&
MK@:CT8Y(-TS+:9AUL9.VE-1()'HJ@Q#:-N?*6QQ:,:@@TI3P03;;16Y#)&MT
M#A@?!`Q:0]`O`:&MJVF>?!!!HV]C!"]O3&K$T\H/,H+K:ZV2"4LA)DU8$.(I
MCR"#)>7.W0W+1`RDCG'4<,$%TVX[:(J3O<X/!:&-S09XK^Q,C8H0YSG8!F5/
M2@WPVMRRX$8:6QO`#.()/"B#=)M6[21OK:R-9AYBTAM!F:HCR]ZYCIGL#\&&
MGA4(JESHF-%#J>UM`3CF@R7`<UE34N.9Y!141>M9$(_;=P=R"#7;7D<@#)Y2
M?HL=7/P5&&^E(#@QH<TCVG8N;4\/'!06[>^5U(J:('TU/YZ?RH.M'M$LCM8:
M*']*UW`\@JBQUDUI(CBKH'KIX9500>'1T;'H$(%<<R>.:"$FXV[OJI(PTY=1
MM./H05W)>YL;(90XYDUQY(,$CIH7.=-21U2VA^=4?T**<%[=N:8WN`#VZ6N/
M"AYJC;$R8DLU5:]OM$C$C"@1`)#!((W@U8?,1^5!LBDN>JX0!SHV@.>XC``H
M-3H8YH`]H#GBI'#'TH+(Y^A$:2?7'!S>/J06[7W7!M\S_?K2*[);I;J%"VO&
MH.:%.)<7CI;RXDM_)"7:VQ5K@<AXH-%KN=RV,Q!A9C5V!(.%$%M[?4A<XN#Y
M`,(B:U!S^1!@BW^XCM^E&QK0:C4!1PKF*H4R2WDPF;*=+S2A!H0045G]YCA>
M'-)&)/3!IZL%!HW>_P!@?8VS=NAG9>Z1[V^5P+=53713@4',AN71FK#0HJ9?
M;OC(=J$I)-2?*1RIS1'4VG<M@MX_][@F>ZI+6QO`:,,*U!JJ.G_BVQ_8O_A]
M'M'V.7^E+2GJIS<13NU4IJ.IE,:51%-U'?SR`NCUQ5K2H``\4%3F;?=O?82N
M]Q>T'I7#,&ZCP<.(*#F>Y[G!,V#7J$1(,@Q#AX>"*C>&>>5D$49<_(GF@Z6U
M=D7MS=-N;EYCM0*N+LP,Z!"WT&&!DDD4#(&LC#`.L<#0"E54?.+^:&7?;KI`
M%C)7-:>=#114)-MFEG!X.Q1%4T/N3R)"*C@BN+>7XU.+`@P.NI'.&%"<D55,
MZ89#UJ`B=<4-<D%C);QI%`2WT%!UXIVF#5*,:<E4:(IK01UTU(XH(FYBD<_6
M/_4@R7%S',61MKI;P/-`KN-KXFN:VFG,A!3MS+ZSF=<Q%S&EU"!\X#&B*^G;
M<_8]]V>X@MGFVO9X'1R19'73#Y2JR\SM7PBW6YC<;VZ;:G@T#41Z5*6V6_\`
MA+W#;@.BFAG:33`D&G/%*+=#MOLG<;-TD<SB9)C0AE=(#>)YI1,H]XS;I97<
M6WSNC>'L!A+1IHTX'5XBF:#5M/\`AANV&"YLH[B?4'.NGFI`Y9HBRYW;97VY
MM8XV-&!#^`&1"HR'<H"T1,D8(@14$4%.*@3=IAN&.EM8P]I)``0.SV2SD<_W
MG5'JP!.8/A5!M;M$UE;RFR)F#B`V1Y#7%OC14<ESHX=PZ9:':AYL,`3G504[
MJ9[:0.9&3'3VFY?@13L/>;V5L3(RU[JN\V`PQ_"@V$7,;NG<-:UI%0XFI'I1
M'$W6X=`UT<L;7Q3>:.1N8/,(KEQ.M1`XEY+G8$'.B*E;,A?(?,2P"C0>%41J
MG?+'"3I8`PX`8:O5Q08&W\C29&5:6X#'\%$5(;W-H:]SZ4&D#GCQ0I`;B^20
M2%O4#<2T?TH*9[^;SD$L:_$M)^109C?7,K.GJ):@H<Z0'C4(H$TCC4DU'%!+
MJ.!K7%!.*6>.8/;4/;BB.IM^]W%K=QW$CG2/8:T<<%2GMY?BG*^R-I-3I.`Q
M:!J^5+2G"W?_``T]K+B&;I/.+[<BN>.80<J..T<73A](Z^5KN(08]R=#H.F:
MIQHT8T')%AS6NCZ;J@ZS[)X**MAFMV$=1A.%<#Q1$[RYM)&.9"'1M.EV.-7#
M!!*RO)+6/14ALA%2,Z(/36]ZPPM8]V@T!U'S551BW'='N>8VO\H\H<@YTKY*
MM9/)I%/:..!]"BLS[N,`M8S4*YG&O"J"5N9FEC8O.[B:$8\$&]L=W=6SGS1!
MS!D0ZM".85&1NV7,DFNH('F:P5JH-D5U/;O:6P-E;2I%*D'+U*CNP7+Y[0.N
M(@^2M030DX>*(3&3VUQ).#2&=NDQC%!"9\$,(:,R*X'-!RWW#WD]0:6C$`8D
MA!QKQT@E/#P45;'))T&NTG`T)KF@[]I?RLL\(3J>"-0(H>&*J.1>OE8WJ24+
MCC7,A%8G7`<P.=[0KY1X\5!GDD)#:<`BJRXG-`:B@*@40%>:!<?2@UU_V"#[
MAO=EMS)0Z-SI75K5P+2/`K3#'<!ACT4TT&)&-2@X]]MEQK9)"UH<[!VK(<5!
M=HD;;Z31\[6Z:MPP]"#D;+>PVF^,?N#2UC`<36E2BOH@W2RNK33%(W0\4!!X
M*H\UWAWDUD3K';W?6.&E\@X`8(/,;)`XNU.Q-:GTJ*[D<X:_3A5M`B/.]U1S
M=43!QH1B/6BP\V0XG'BHJ)(9*`>`0=W;HK:YB)>!E@?0JC3)M,;`TBA#A440
M6MVE^BK<@*H+1M.JW-<^"#,;6WC.E\@`0<:\OHXI)>EB*4!16.SUS#6XT`.*
M@ZC9']+4<&,P`51GGW6ZT-C:ZC`:T\46FR#>I(M$S2&RQ_.;@?6B4WW?Q#WN
MXEC<R<L+`!Y!I!ISHEE,UUW?O)D#S<OH1C0E"D[;O/N.%X?;W3B/G!_F_&A3
MEW&X7FX7YN+Z1SY#@79T'((JBXGD+BW31C/T>=#Z4%-W=3C30%H(]D?D4&(7
MTXDKJJBN]9]T[A':]*-VBIQ>WVE4H7.][B^9C>K6F(?6A^0HE)R]V;H`(FRG
M0XT)KC1%IAGWZ\8"8CI<2:DXE"FC:^\-PM7E\K670(H62UI^!+*#NZ-UFE<^
M$BUCS+8N'K-4*8KK?+Z9Y$D[W\-3B:J%,+[JX)\SRX>)JBG$RXDJ6G#F2@VM
M;+$W3*ZCAP&-/2B(R7Y8PQ:BX!U<<:4099YP]_4TMH<VBO)%$4<EP1&'-!..
M.``0:(WNMP:'6!F6Y8<T1DN;A\\A>[,HIQ3B)OE;YSQ01ZCWUJ<T&R&WCT`N
M<*')$7LDMQ(YNEKG_-<Y45231T.52:5XJ"DS0ZL6U&5,D%4I`-69<$547N^=
MB@#(XC/#D@;2[,9H&6RG$-.D\4$6AA<2\X#@$$@Z'IGR^>M0<Z!`A-2,L.-<
M1X(+([^[8W0UV'(XYH(F>04'%!-[;JXTG2308`(+66A@=&Z8:V/-*-<*U1'2
MBK;736L\A=C67RX4XE4=*".XC#XWO:1)Y@YNDM-41"WCEA+9))F-CKY,LD%M
MS<=!KIK9C0T>TX<1Q01BWRP(#'.+'D'/B?$H4YMSN#B2Z%SQ3'0,45@]]O90
M]P!+FBN/`*`BO!-@ZK)?I!!.XVZ[,8NI/-&33`XT'&B"J6X^J;%&<,\!C5!4
M;JY:P`.<UHP1576>2=1U5YH($H$344J@2!!`8H#!`(-6'_N4'W/>-PEOG&YF
M<TRN]JC0T4'TM(6F',GW6WM[8/+6R5I5P_H09';W:2Q]1X<QH&)'+T(*7;OL
MSW-)D<`!0.R4%=Q/M=]2)@\H.+B:._\`4@P2-T/+;20O9Q`.7Y$5GGVN82->
M14.R)YH.MM5H8ZAXTT1&6:5XN)GG!C3@@XU_>B=SP\X-P`17&<>HTM&!"BJ)
MV:C4`UH@U6<TC(@-1%!2BH[%MN1)8U]:!NE$>@M?-`:&NK(^"(E>2%ED\,%7
M`>5!Y&]CF`ZDCZGZ**X\X)U4%%%%C*6N#2?*,P@USWCW6[F#"IJ/0J.=)-(,
M2>"BB&1SL*H-MM!YM7`(AO<'.=J'-`@YX8QK,.:#0+F.!S7.8'5P-51THKG9
M)X:31D/;[)!I0HBB2TV^5NKJ:>`KF@J9L%NZ04D::_(BV[<&U[1';=.XH'@X
M%N8]:(S2;+MUP\&)X:0<2<T+*]VW988ZZ]<O`CGS09/X593D,<*@BH(X50ML
MBV>RL7#I1-G>16L@U`>HH6H?M$+WEQ8(R[,1C2$+<B\V*6-Y<*N"BVP/M)`2
M*$(JR"L8H0?2B+R3(''(',(,TMNX5(KI**I?"X'30U03@>V-P<X50:3.7AY:
MVE>2(PN!!Q&**`#R061EH806`G@:E!(6\U*TP.0J@F^*1Q`TX@4)JB*G0O;F
MVB*C0UH@""$$,\T!Q039+(V4.^<@T27$CL"VG]8851&:1Q+O9TCDBH\0#EQ0
M(@5(&2`%1EZD%D;'.:Z0NQ;3#B4%K+N9C@UCJ5R-,0B-,3F3/>^Z>XR1GR:!
M4$\R4#W*_NYFZ9)=3"!A2F2"5KNL-O`6M#F34P</,#\N2%,;KYQ<YP:`'&HQ
M)("*G-=OD`;$YP:!YJGBB(-AA=$'/F(\-/\`2@J9++'7IO-.:*!/,*^8T=[2
M"ZVO/=Y.IH#W>.2#6=YDE?5P`%*4X(E,4MP-9=&--<T5!TTCA2M`>`00'X4"
M0"!$%`D`@!1`Z<D&FG^Q0?8Y[W8;.2>WBN9'L=J:06UTDG$`G`T6F$8=NVNX
MMC*^ZJ6DZ=-*$'ES01BVW;,(I/K8WXUR`:/"J!;CVIM-S:$VH$5T!J8PX@\*
M(/*Q[9=6S'-N6%I83K`PTD<*J*U6C(F/Z\8\^FKP>*(C<^\3Z)('XUQ96@'H
M177;`^*%NIVIQ;4E$<;<HI3(6MR.:*YC(&`O#AJKF>2#)/:LBJYN-4&-PQ/H
M16B*#4S`(C9;6SA2HR0>@VX.$5/!$:VLU1NU8X8(/-[S;/))&7)%>=F!;444
M5G8T@U065(;B@HF%6()6S",>2*ZD1I$2JC&22XCFH-,(:&X^I447A%*<E!CC
MD+78%%6]=Y><<$1KCNI&:2"<%1*7<)'8EQ0HXKZ1L;CJ-2@RNNGO><?6H.C:
MWCV,P*HOCW237B<$1O;>AS0:H(RSQN:224'(GZ;B2/4BJF-;H((028T5TTP0
M6.B!90!!2;5SJE!4;,%@%*'-061V^D$45&6X@)<2,U!"-E*@C!`",DD-07-Z
ML?E<TCD@T10W$C2^.-SVC`D8T5%_\)W*241BVD+B*@:2@VP=E;M,(W]`MZF&
M(Q!\4I+7]R=CW6U;:VZ?4D.#7@#($)1$O+R6+@Z-K7!QD9K%.&-*%1I5);N8
MZG%!*,.!U4Q""PR/(]FJ(@Z&0@.</*<BBH&*C3JS&""/1<X5:@TP;3=N:)-'
MD)S1+3?MTS':N7!"R:R)M.HS'B@L$@:ZD#BUK_;:@LO+*W?3HEQ>>!R"#1;;
M<PQ&-[6`D8N&)_"J,;]KH\D-PK@`5"TKC;WZ`^@;0<,*H6SM][:`P-#JX4H$
M%?N<AJ7D-Q01%L27$$$#BBI6\4$LFAQI_60:CM;6^8.U,^DB6QRP4?1IJBH.
MA>!5!&B!$40*B`.*!(!`$8(&*^I!J_4(/K-Q90=:2@:]S\:.\P:*K3"$E];V
MSW:0UQP`810#G@$#M]U9'.71`.:3HH\#2/"J"&X;UOL=RV.QL!+(\G3(-0:#
M3,NK2B@T[?'8[EIL>X;:2UOW%S8YX31CN)%,<O2J/3=M]D]I2PN,%VZ^%-)H
M\!S0#R"#F=V]CVVU,?=6#W36KS1KB?,P\G4'X4'&8Y^F$7%0P>5U?:(09YH2
MZ1]&YY"E?PJ#F3;9(`0T>T[/FBLU]L\S&4%'$BI`QI\B#@3V\D;CJ%`045JV
MW$EJ([MK:DM)Y(C=`S0*(-#*EG@@Y]];ES:@8E!Y#<F%LY!&*-,>E0)V5$"<
MRK<D#8*(-;3]7XJC,*EY4%X%`@QW3\4&1I.M%7L'F""]PR1%;T$=9T$%%08*
M%!OB]E$(UK5!I;,1I%>"HC+=$1D(*6DN"#3TO($$:4<$&UH9I%>)1"?)$UAI
MF@PON:.P15L4S7.JX(@F$9<2!@456V!K^%*H-EALAFFII)IP");UMOV.Z=L3
MR`*9@#@B6[^W]E00>RVM3\OJ5'M-M[=MXVA[FESZ4)(%4'4CVRR:UH+<C7V3
MG\B#A=Y[3:76RWW6:6L9&]U:',-P0?GNWVNZTBYS8PAORJ-6NELW&Y`(S!(0
M4MLW$TIF@M;MDCFAS6YY(6[%ELHGL&MD!U`YHCE=V[?;65Q&V"M'Q@NJ*>8&
MA25A3LUJV6,B04&!J>10EZF&S:;,M&)&7J1EQ+N*1D@<1Y:T15&XVT73ZC3B
M0,$(<FVPE.KEAZ5%:K-Q?<-"HZ3J1,)/M%$9X9FAU:H')-U':3B"@V0L9H#J
M"J#-+:->X@#"E4&:3;*,.G`%%M0RT$?LBA4$)Y9649CIKD@3X'=)LK12J"IU
MO,6^""CI/!Q%*(J)%$$:'-`N*`H@5$#0+'@@TX\O]2@^S^^6<-R^-\C3&22>
MFW\96F&,VNQ3S_6.FJ3@UI#<N-<4'+W7:763BV)\KK;VHG4)#FG&CJ<0H/2=
MN7]Q%9LZELYUH['WAX(#`..*H]0[;-JOX@T-!DD#FB1I&&IM"6D>"#Q5KVY+
MV]W(R&SN";>O4$KB=0&>@TPX(/HUKO3FVKNH&2QO`Z@>!45\>*#G[WVG;RQ,
MN-MT_6`221'V345\M<B@\R&B,B!["QX)UAPX`H.3O$9)T:O*WV2S`T/.J"O9
M]IEN+H2-G$D9P:S4`ZGC7!!Q^Z=DDM;^5A8YI`JUIY'$$**XMDQT3W$H/2[<
M_5$<,PB-1`U8<4%D>#1A@@4D0(`YY(/([Y:.][.G'-%<=S-.!12+,5`.`TTX
MH&R/4ZG@@O,;@PFF"HSQCZQ07F/`JCEW'M$**IC!U$H-3&4<THB;CYJ($ZA0
M0H"TH'TQ4(-,>`02!%%0GR`$"F/-05R8L03A<``"@Z!D:!15%+I(SZ4$99_8
M`X(JMKW%GK042-.:@E&2,D%C22%1HA]L`<T'K^V[-\MW%3"H-:(R^F;;MDC=
M(-23^)4=JPVJ9TC0XC37#F@]1%8-8*44$S;1@5?@0<$',[JVU]WVWN,49U.=
M`Z@'HJ@_/FUV[7VTMLX4`ETN&=-)0<X1EU_&#F&EOX45UAV\T%CZU&DD^M$:
M(-N:&LCTX-Q/R(+'`6K!IPID@\5W9<&X,4AS!<U)6&[9;4#:73D5\E/D)0EI
M.Z=%FD9$_P!`0999&7&&7%!CNV^31P&:#FF`AV"BI1M,4H=RJJ+7RN=AXT0:
M;:V+I'#@&HB+&`3T/"J"]L@T@`X:J(+8O;).(I_2@UMA:Z/UH-<';KKAA>W)
M`CV6]QU$D:4+<[>;.&UE%LT8QBKO31!GZ,1C(`&0Q\4'-N80`31%9'0ZFY*`
MDM'L;0CUH*#;O<[RBJ*@8GC,9H$(G'(($(WNPIZD%L=I.[V6%W.@J@OZ4G+_
M`%5,N*#[UO78]C=QR2V#/=9P:AK7?5N]1K1:8>(W"QNMDO1%>QNB><6..+7@
M_1<%!HVK=RZX;TW5##3IDD50>ZV[<K:XL)[5HJU\1CF)%0:X4!\%1Y)[]XV.
MY`CJ&9M%?*0:@4]"#J[3?,G:'.<UUR<3&7>8\\\T'H?JIH'6[P*Z0>GD<Q@$
M'2L=TCC:RWN&%H(T`.QIA05H@XF[;))U!)J#WGVRWE6M`@XFX[0([5UPQ[Y)
M'NI-"YH-&',@\4''AVDVW4]S=0O;6(8T#ACAX(+MS9)):1;A=,+YFLT3,!J&
M@850>7N7Q3EO1B+16FK@HKK6,(MXFRSC4TT:QH'X41I<"?/2@.2"3#Y`.2H;
MC72$',O;,2R.=3T*#R>X0&.7(Z:XHJB-FN2@!**F^W=]$_(@NMH#U,L@B-;H
M"+*I&))0<^&UD<2X4\<44W/TAP(0<F?%YP4$K>&H)*"\`5"!F*IP0#H,$%):
M,@@G1!8,E1;T_J=2"A^=5!"26L=*`>(0.+&B#76JHI?4$T]:@D&%Q"HMAC.@
M^!053^R0H*X\D%S%1Z#M3;H+O<&,E]FN1Q")+WW:FV1LWTQ1XL;6E115'U6P
MVMVH>3$(.Q:[7(S%K037BH-LD%PUHU,&KP/Y4&*YU,:2YE?6$'!W"ZC<V5CF
M4JTBFK-4?(-NVTVSMQ,K::I"6^%22@\M<$,W)M#IH3CX545Z.UN0^&FH4'`*
MHD98_-1PK3)!P[^\J:`Y&GX%%>3WEY<UHY.)18=;9;L':?=Z^;$>HE$EGF81
M*6DX!!?%$*5!H?%!@NY:.>`:XH,9N36BBFV0R2`'F@U&.AHJC2R,UJ#3#\00
M4@'4740-KB&^SQJ@WVS3(PX9H+BYS*>6M*8(/3[&_J,I4BM,%4=L4U:<T'E>
MY=N+YII@,3Q4'G^@6--<\D5!UNV7R<3@@LL]C=)<]`-#ZD"M,,4+>DW_`++%
MI;0,`'6.#P!AB$1Z3LKX7;=<VTEQ,2]X9Y010A],:<T+<S?OAX);&WBMK<-E
M`=5P'T2<252W@K3M:[DW*6TH"Z.K74YC@%%M[+;?AD8K7KW+*.=BT4I0)26G
M#VHRQO1]5JC<PN`XD>*HX?\``_ZI_2<N')17V&TW^SAE,$[<3BUK@6DFO`D*
MH>]['M_<5FV"8].5E712M]MI/+PYH/D]]LD^W7LMI/420GRFE-0K6HYJ#V';
MM_(^SZ;6@ST%"T&F%*JCNWVTMW2V<P.:VHJ'.&!<@\"[:3!._IR%MU&31[74
M%0>1S0>H[4W=YN?]Y>[WE@PDP%1Q::X4H@[PWFQEDU1V^LO.ILI<!I%,6D(,
M^XLEN+&Z$$I9-0%C@<:YT"#ST&YWMJVE]6XC%07X9'T('8V!GG:ZW<7P/)+!
M7V02@]YL?:.SW=E.R\87.+#1P.`)PK3B@^7[WL3-KOIK1[071R$-`-`6D8?@
M047MW%`RE1TVX,K^)!9;WEM.61X5(K3D4$YX.G@*$G*AJ$&9SOD'%!..'6"2
M@X.^[8ZA<!D*J*YNR;>^6X(((`')!KNK!P<\`5H4%=A;.(<2W(9H--['IM`W
M33-!R88:1EVD$\`4'/N)#5WE:.8"*YTA)=B%%="Q@UP.(&1S517(-+Z<BH--
MM&7UY4)51J?9GH-=S!0<<@!Y44<$%L(+JA!WX=O8[:M5,:8JHXUS;&,N!Y8(
MKFO)I106P'+Q0:6FI]:HE)&2:A!8(W-=0A!-A(UCUH,<E2XJ!M;2GB@G'J.`
MQ5'T#X7677W5VH9-J*\T27TWMSMZ>/N.24#`TK4F@]"J/J%M9/:\5`#0,7<5
M!O;&QK"*XCF@P[C<-&)-*9(/*[MNS6Q.H12M%1XK<=]^L=YJ8\$'FKB[;*9*
M9$H/*W-KJW#52M`?QJ#?$T,<&G#F@(VU=7D4'F]W8Z*[>*$M)K@BN)N(!MB^
MAP-`BNELFEMNSF425U]&1]93`\?0@KU.Z%6BI.00<Q[B7'5G6B*SO:X.P-"H
M+8!Y@7&H"HOZ[<3P!009<RN<&MK5!K,5XZ4,%2*8HC5;6=T]X9IKQ0=2QM)8
MM.IF!)J/0$$9PQP)&%$&_8[ES9=)->2(]`R9U:\%1&YMC<1/`^<@\YN>WZ6!
MK1YM=%!ALK35=B,ZM8<``,LT5]&[7V6UCOQ),P%K*$UYA5'I]^EVT#7.P.D<
M?(2":?(@S;5O<HNG,8VC6MQ#104X(.E)NCC#)JB%2T@'33.J#Q/;NRF"^ENL
M#(Z0DN(J>?\`2@]SN%]>C:M;H?+I(!`YYX(/)[SND#FVS61EKA;N$KFBIJ/2
M@\Q[MM'_`'_#5F?:Y*#N]TWMML(:^X#[IKI-499YJ%WB?0J+;3>F[U'(S:S)
M:QF$Z[A[2/K"#@*XDM/$(//77;?<H>Z.[N6SZ@*3D>84&%"<4%.RWUUMTSFO
M:*L).HU&(PR4'HK;NR%HTNBJ"<^-?!49;G<[2:;4Z(-D)IJXT\4&?5"V4OA]
MAPXFGX$%8E=UL'F,.-?##F@TF:_CD:)]0:YNHN'LD'+%`Q<R.#6M+`!@YIQ)
M'B@T[?NL^RR2RQ1-E,K<&.&&/)!TMN[^N(I(BT4`+A-#F-!%,_ZIQ09^^&;=
M<.M]W@<YP>`R6AX@&B#R!V^._MGO#2UX_1Y\"H*K;9[ALCBY]-(Q).DU'`50
M2DW>"-O0)<7#RGA0^E!S(MPG?*Z9Q^IJ:-'@*XHI0]SRN<XZ?(#BZF54'2CW
M2*\8`]N&(/%$:]KMK2`OD&#2,">:HL%M$\N<\@5SYH,L<,#&R1LI4X54%.Z6
MX,%&XTIB@R6NV@P.#AP0>>W7;7PN<X-PKBBN:VT<\D@5HHK=M^J.&5@%?-^)
M5&2XBDZM:'$\E%=;9K1[ZU&8HJCJ;M#[K9Q`4!((*#R,C#U''F5%1H4&RRMG
M.J0,E1Z:U=3:2SB`49>?W"6N'A1%<AX'K45*-M&LYH-<-6D'DJ-4-'R4SQ1'
M3;8]5[:#&B#--9NC)PSP0<ZZ@+#Z0BJF@FG-!W.WMCFOIJMP:".%41]K^&_9
MHMW&73I<6@EWK51]0MMK9;RNE8RI/'``T4&IU[=,J'Q,#1A4/_T(*G[@UD3G
M5&&"#SV\[K'I<XY40>&O]SBEJ*N(KC3_`$JCR=[/`'/KJSPJ@P6MQ&XN-=(K
M2A4%+NBZ[JUU4$)Y61W#03F2@G:21N837(T0<_<HHY)B2<,*H//;['`RR>UA
M!(?P182VJ>W9:Q5<01FA*^^NV.8&UJ*FGH08GW>EA`050P:PXG$X&B*&V_4$
MIXM(`^1!DOH9;=K3S-%!H;:O#8PX8O%:*C;MK86;C'U`&M%,_2B.S<WUE%<'
M26T)J3@@SQ;Y&V\#A^C!S\`@WC?;;H]2HQ+AI0<>ZONJXZ"&@FOJ0='9IXQ.
MSSC$H/56SF298BN:J.A&*,0475C%J$A&+Z&@\$&:TL6"X=(6X5PP0>CM9V1.
MJW,XFO-!F[AW>[+&D/HT'E5!CMM]NXIP]DI:X@5HT(-G^(;MS2))JZL*$()[
M/?TD<0?*23E05^5!VK>VNMQ=J]X?[OJH6"IJ2.5:(*W[%8-Z8N9*48\/9AJK
M6O-!\TZ=M_WS?^+T>R?T?-0?0K38V0$Q73VWC'$NBZH!T&OEH,:*C+)!':$E
MD/3B+JN(]D'-Q`0:[B[ABMZ]1LC7"NHD5'+$(/.W-K87=\#%,8IWBM)!2-[N
M>I!P-S;?6,_3#7Z372:#36O!PJ%!F@O!-&]M=,U#1PY^*"JSW*5K]+=3FT\V
MH4H:TXH.TR<R-'2(9)3S`C`^BBHMAN)L(YI`[/"O#T(!S&]02,<!X#,^I!.L
MKA2%]2334:4\4%#O>&SGH@ZAY'M-*&O%!KMH;Z9W1?$\L)_1UH`X>E!MN;6]
ML8P1;]-KL!*<0/&HP0<J]L+F]+1'-1Q.+FY_*@R_X/AJ6]4NE^<2*M/A3P08
MI>U;QLK8F2@P@>9HYG,D>`4%$VUV%MU8@]VG-KJ9X9>M!ACN;>W8YK22,B[*
MGJ16-N\W#I=)):P8L:$"=W#=B1S6../RH4D-XF:X&I!X_P"E!Z+;[YEQ$&.&
MI^8J>!1'7@BJ*:-)XJCG[EM@GCD;IJ>0"@YMALFED@<T&GA5%96;5(WJ%K:5
MJ@YSK:=UT(W$D<B2@]?M>UB"-I=$17B*(C+W#`V81L8"0VN9%4'EKJT#6_*B
ML+(ZO17I]@L#(Q^`(_T(BZ5MQ'"Z(4H2:8(/*W3IC(\/IAP16-P/%06,;4A!
MK="YC0[UJC7MAD?(!PJ.`1'K+2R=U-3\:9(BF>P,DH%,L4'*W#;WMN&884SI
M@BN"^,LN7,.=:(KZY\,=BA=;0RW+*B1^`K^15E]OV[;=DMHW-#2`,Z/=^503
MO+_;H&59J(/#5B@XMQW!`R-SFAW'!SL%1YV\[ANR*LQ::XDBGJ0<2YWNXE:[
M7@<B$'/Z[GT-<T'%W2U+PYS#4\04'D+BZGMW.;7S@UIP45EDWRYC>'$'S8X(
M(3;N^X+'BM0<4%MEO3XG.8[!I-0@M.Y,>7$O`<3@$'G=TNGO?(RM6DJ+#)#,
M_2&UP&**T>\%U*GY41+72-Q.6'X4&NUNV6\I>X:VN90#.BH'7H&O1AB"/D09
MKN\?<"DHQ!U-^103@FZD>M]2]K:-5!<R.<]CJ:<,`$%3`]SO,3ZU!>T`&BHW
M,%DUA+:ZB`-)Y\41&UBAD>0/9',\4&]FVR-(?`3JS%$';[6OI73OMYR22217
MP1'IWR:6T&*H[NT;2+JW=)(W66M+B&T\K?&I047&U:*AC75:ZA=6K2/2@RW$
M<D+@,JBH0<S>W$0@NYH/([CW'';W1;&:T`\<0HK.WNF1\\5#0/=1U?$H4[6S
M=V1&*]CU#J1-<]@X%$0V[OZ[JV".8PNUT!&(PJ<D6D^YN]M[M)6V?OC+ATT9
M<Z4,#7,ZGCSP0IXKWB^_:'^SKS/M?2]*BOOKKIS+KI,GCE>TZ2R,U>./BM,M
M+H97L?U&8.%"YPS\*(.0;:ST/:Z(AHJUY;]'T(,5QM=L^`16SG04;I;4FE*U
MJ@ICVD;A;26=ZYS(FMPE;2H<W)P%4'D;[8[G:I7N<>O:C$7$8JTUX.Y'TJ"J
M"03/9TP1HQ,@(%`,ZH+S/$U[9(B'/B-74R=4H-$4[)W2,?%1K_,V5H]E!%TK
MV1"=L;Y&-%`\@@XFE4$FS221/#0:BA\H.!0$$T0E!FDT-&&="4'HMOW6/I-:
M7M)`\A!SIS5':/<^W1VVBX=[3=+HRVH/#!!Y[<=L-ON`DLYO]Q>W4Q[34"N.
MGU(+&R.:7"9ND:?:'#EZT&,7;G&6%C7:YB&^88T_JTSJ@PWNR/$@:\NC>:ZB
M\'"J@Y<VP671`$W4<VM!P/C5%<F/M^XCE?).X,!]AO$5R*#7'VQ":%Y=U!YC
M3(@H6@_:X6/,,5*G$D&M?#U(-.T-]RG+I':BX$!!ZN)X,=:5=3'@JBI\K:NK
MAJ01BFA!=&TC'B@T0643V$4J"<P@\[/8!FYNJ/9;^&J@[MS>LCMF-!JXMQ"H
M\Q=W;GO(X`J*YUTUS@12J#$R#26DC%Q_I0>_V/;VP[<7TQ(J/D51.&Q$A<]S
M:D#`'Q0<3=NUV-!F(H]YJ<%!YB6R,4;W`#UA%9P)@&X#Y`@V4?,Z.(MQ."#K
M;=M;F/:ZE!7'U%!ZA@TN`HJ@=I$N7R(-4&UQONB)F4`CU#+CCQ0>+NMG%QOM
MQ%&TEH<",***^C=KWK-NAB@=2L6-.%2JCT4G>3VV\H8:$FAQ'])0<#<NXIG,
MU.D+B332#D@Y!W:9[7ZJN!S!<4&7WUQH""1P!)P06-N#H``IZR@W1SL]WJ3B
M,"$'/EN=;G,!J15!QI=LA<]TLIQ<<*_A4&=UEMGO,;!BSV2>*#?MW;EI[L]]
M<#4@>@H*9MNVQK0!)H<11QP0<^?;;=SVMCEJX9XA%<3>K2TC+PQWF#3AAFA#
MDV38W$!WEKQ45>YC&EP%"#Q(!05EOE+:U!*#=_#1)#(]L@U,TT8,:@JEML':
M=VZV;+(7,DE`,,>DG4#QJ$2U%QL4EM#U)7@EM*MR/X4+9NG$QK:<!0T\$4&6
M)X'$MQ0$UQ$][000..00:R=ON9`UIZ>FB(SW<437DQ/U4P]**5BV5TI#,^2(
M]3LLLVLLDCTDC`G*@PP1'8L;&$2F8"A!S0=FWC,PP&`5'O-DWNQM;!MNZ%@D
M:,'EH\U1\XCS("?>89XG1O8T-%`&M#3^&B#C;E#;N:Z5HK0C2*8H/`]RW-P+
MF2&-A<P,+G^%/2@^8W4KY)G$X.+N&"RTG;/$4@+CB`=-<?-P05P7+[>Z$KVZ
MP"=;3@#7A4((R3UE+HSI!-6BN2#467]V\/EURG`:J$D!!9[M_6/Z.GLE!VMT
MM=]COM+=3'-K0@DFI-*@A5'2V[>>^+(B.*_E'F&$GUC<,2/-J0=(=T]Y2$/F
M=#,T4)`;I)''%M%4=)G>.\2:C/"R*,4.@-+R3X$H,6X]]7#)&R6UH_RD84`?
M3PTDH4L_QY#,29+:>TE<_1T#&)&RM<*4D9Y<T*8+NU,4I9;-$+9,=`&(:>!Y
M%08YK>6%KI#$YL((#7$4+CX!!HLS,QSI`*M+::JTH:9403CEDB?H9(`TU8\Y
MM<3R*"?4NHI0R)O4:[!X""#K6-X,[V!C*G4SY]4%MIH82V*KL<"<"`@ZANY8
M[9S(VLE!-.FX`OPS%51/9[;<KJ5[6M,+)"7MB&(:/"O!`2;9N44CI99.I4G2
M""1^!!?M]NYCS=7-76\>30!@<\24%?<F[7%VX=.$16D>)><"1IYH.%!+%K9`
MZ,^;%CJY5%3DH->Y6]K#;`LD/4;3410DUQ`YJCG?Q",6P;Y^L,Y#D6G(44&%
ML,^N22%A)+:U//P16ZQD9[OJF91[6FKJ<41H=NK;=C6@ZGN-!7D@Y5SNMQ1Y
M9C4Z:\`BGMMS-U6R25(<:"IH/2@]G%<1PVK2]V/,98JHX6[WC&W(<RCB>7BH
M,!NW370CSHW)!D?&:ZCS15TD+7#53,HBF"Q+[V..E6HKZ':6=+9L?``!5%\=
MJ(VD950<K>7ASNC3A6J#QV^6G3AP&.H**KL]M,W0\OE(Q0:;_;V6]S&YF0(!
M1'I(+-H@8\`8XJB#C21!*V87W<6'EU8H.INSW174O3KBT#\"#S=I`ZWNI;@C
M%^-5!L9-*6B9N`J,U1FDN9I"^,GRZM2@K=&X-!_K"J#IQVU6`TS"HB;$A]?!
M!G<"UH/B4`9B`<\T'-BFE;)(YQJ:DCY5!&7<(NG&'@FFJM?0@Y-U+$0UL+^F
MY_MFM<D5W.V]KWN>XCM63M+'C6[50@`C$FA"(W=S=@[E:V$5RR5CP^327LJ1
MYO07(-/\H;N&WZT>Z,$CF!WU@#1YA4`$//XD+?/=[[<N]OOI+::02O`U%P-:
MCU$HMN0]HC!H0.2BJHGL,[6OJ6$@.IGZD&N6R?UGF`GI@T;JP)"HKMX[DR$5
M.'$9*#T]AW7O5LPEH$K@SI1.<W5H',>*J.%=7$TCW.G>XR$DNJBJ6#40P$NU
M9`(-L-C)*0V)A%/:!1'2MNS=WNF3&."IB87G.ND"M:40MQ+S:[^RZ;YHRP2"
MK:@BM#3B`BJF.D#ZO::(.K861G#I8:ZV`5`XHCU>WM+V1-+:/;2HXHCN[;;D
M@U&&*HZ\,+8VX?@07A],D#:_QQ03$@--6("#->65E/',71-+WL+=5!7)!\I[
M@M(XMRGG]W,4`TB$$`BK0!BHJO9^U_XA/'))(UD;RTAAPP)Q0MT.X=GVVV+[
M01@F4$Q2MI4.!`%2@\3);/;(7-\N@TI7B"HK5%ND\<89JICJ)&!5*:OXBWZ1
M_1:O6@]G=]Q&G39%U'/JUU.#:\"C++_$FPF-KFD:CEQQY(/06W:NXW4C3:7,
M4A+?9U:2*C(@C"BHQWVV;CML37;C&YD=:/EJ"T<A4*#FNFM>J!"W2:586BN*
M"<4KFO-7=0_.<1YJH)6]_-)</-!7+'CR^1!HOI!/`QD3!UR:%X)H@H-I*RI.
M0!%:5QIQ09+6U#STI3IU<!4-P/%!U8![OYW#Z@>TW*OR(,UL]MS=/+8BV*F!
MKEZD'1A9$8"XZWAIQ``K0?C]"H<5E'+()+-VIP\QC'E..>!0=2SWBZM[P-F@
MZ#@RC7/&K4/`U"#H/NFSQ$M:30Y`X-/J0>9W'<GV1USSEL6.MM=52,:"O-!K
M?W+8W6U,ZENQ[<V&HP-,G(.;+<1.HX.;$7"K:-IZ&M`4%<EI-<S.?(=+'MK&
MX"@``R=RJ@E;6P,%)?K),`'$8`##-!BWR\CLI1%!I:<&D,&%*"N*#C.WLMC+
M'<,&_*BL]SN;9)&-:X%L9KJXFJ#=:0/F@#WU$53H`S+G<4'3;8O#&T&M]0:-
MQ:&\O2B*+[=KALA@KI8T9GAZ$5E9(PC67%Q.1*![?J.YZQD1D4'4?:$:7'(F
MJ(L98.DTCAF@ZEI8QM>Q^GV>*H]#;S,TTY('/+@TC(H.?<V_5?K/#)!Q-WL.
ML\"F%:_@06[/8Z(6APQ;@$%VX;-J:)?G.<"?0@Z4,36P-:>#?Q!!RIAIDKD@
M[NR;#=7K&/B!-3@6@_C0>AN.Q-UJU\D3GZVU:^M$'C]WVR>P\L[2VM:-.2##
M4&UTCAB$&:U8TZWD8H+)M.EP/`A!N@N6D!O')!I+P<*8C!!S[Y@8UA_K."#*
M\5:TCTE!BDR?X*#+TF30RM(J0#1!JVOLV._Z;GDM'SJ4Q0>E.VVG;TT4FWW,
MD5TX=-[J\,*CUJCIR[QN\CK6+WSZN,$AK@"QU00=3:8YH*=^O]PW.TC@N;K2
MR(#3(RH`#>%/0@^?;[M!BA==17?4=-$\O!J=(`)XY**\=;V+Y@XO>&T`<`XT
MK4TP45Z.T[-^JEE$S',B--3<1JH#16DM'=+5]M''&YA:0/,1B2!QP07VU[MM
ME:QF6+J]5P)9D0$&S;.X-L@F=')`TQ5U`G.AX(.;NUW87(N9+:W`U,().)%3
MF"@J[>;8-M8C/(R&5@,K7D@D@&E.:$NA#O,+)"XZ#$\@S/:#J&/I0;[7ON[M
M;NY?;-;(9F=(/>#5K1Q%#FA3L;;=;+W"7,W.X#6B(-A=)@YI!KI`QS*J-EY\
M-]M&]0V,$S9+>2(3S2QD$-:]K20#S;R0<V_^'<\#1)MTQ:T.<Q]'8FCL"0`H
M6O[?VN[;.\73JOC\KAXCCZU1Z*.!L>#0@G1P0%"@#7@@=2@4DA9&YV=!5!\N
M[FOC<[I()82Z)@HUK:YG$%17`O=PURAT.J/2,JF@/@$47.^75U%%'*0'1"@>
M*U.-4*9XXI[AY9&TN><37CQ)4&=UJ^I(QTGS(-G39R_U"#W4]Q2]?TK=CAJ+
M==*.J/3P59>;[CFOWS-DE9I#?8>S+#T(L/5;!N=Y6(^^ZNI&S291IK7`M);G
MCS1'L+RRNC:NCNF-D@D]MM=33QI14>2[AVNQM1%+MSS$9':76]:T)RTUQ%4'
M#]XG;(YDP<QS26N%:$$'C115PE=-'JKYL0*X8(C=8`,A<[29'@>1IX<R@;[N
MW=;2UU,T@-;4T)<4$106I=K:ZAU.''T('''>NMA(]IZ+S@7>S08H*63]*[T0
M&I>/-X(-UJYGO98^YJW'ZUQ%`:<@@ZEK)2C7MCNF"O\`O4.#VGQ`5%NZ;A9F
MTZ-R.M)3R4SH<C5!FV>^@!Z;B8\,'$Y^!0.]VW;[RZ$LS/*`144_!5!S)=KM
M2?(UPB:27G/`>`0:&,L3%5A+A%3IORSY5S0*>YM1"60/Q%'NXO+FB@\*(.'N
M&[%EJ3&2RIS&?^A17E+K<)II'O<\D@<<T5AZTLE:'/BH)1QRAP).`XH._MFX
M2M>UE=0&%3EZE4>TLKF%L(#C1SP--!0!5&.ZV%EX'21&CQBX#V2H.>W:[D.<
M'LJUH.DM-1AXHK?M&V5GUD8C!$=ZYVZ%[HM)P`Q5%AM8HP*4P%*H$'-;"2,<
M<$$FF4L\K@#7'T(-0>2QC2@O:T$$4047%B'-K3T(*(6"(TH@NN96F.G@@SB4
MN#6MY404PV4M]N3(65I4`D`E!]UV+8-NVS;X6S-&L-!)D:T#+UJ!WF][/%-'
M$)832OF:1Y?DH@\%WL-IGVF1\4[7SU-!4'CP5'S)TCF`CAQ04-F+6.;](_B4
M&BTAN)&%Q%0XX9JB!]XCF!TDEIR&*@ZCYC4N.!(::*C)>S&1AXD&ORH*H@7Q
MC`X($VQ=)JK45\"@T[?L1ZA+Q4'G4?T(/6[?:LMH0UM*H(;U:P76WRQN`)<,
M#QJ@^:7UON$$L3&3$!H):#SR45KV'>-UC,FWW!8Z.6OG?B!A1$4=P[!=P[9>
MW8NA(R,:33B#A3-%AY.PLWO8QTH)8*MK7@,45[';9]JM[.71,6NB:'::5U$C
M',HRY=YN<-S;SB,'K/=76</+E1%<^.UO;V/K2$O$=&`\AC^1!%EN'ES"W"IQ
M.!P\4&U]I?7MLZ*VC;'"QAZCXVT:2WG3B@Y-CM[;JWCT`ZW5'K"*JT21OZ)]
MEKJ'TH.I:;;?"%\S(#(PC@#QXU1&F'M^_:UDL;R":&@SJ@]OM5]?1B"42]-X
M9HECDJ'.%,:5S"J/4,!=&'5IKQIZ4%?N\8E,@'F(H@>AJ`TM')`BT'AB@CIP
M0&BN>:`,>%$'!FV]DU[[O'&TMQ,KG@5H>6"#E[GVA;"2EI$QY('F>T4!KQH$
M'E[_`&6WM]RZ5STV-8"26BFHX9**YNZRQMF_W)CFD!K:T`X<*(,3B;=K7O&9
MQ'H15WO-O]#_`%54'=?=O-Q)*^0@AQ#:FK2TG"B(IG,IF9$VG5=5^D@GR\*`
MH,%M-N%G,Z2&-T\1)UL<#I!!KP*#WNT?$NRTQ6E[8N\M.F(WE[34?.'M*VE,
MW==O8[AIW6&7J2RN$<=K":L'ACB$''W'M_=HHF$PSM+ZF5KF9&M:@C`U"BI6
MLHDL1.\`NB.@MR/@2@T07YGE+Q@UH&M@J"/1S1$[AT,@+V!L@::&7^L1A0<P
M@([2&W9$XO#B002TU!/Y4&R&Y9T713/K'2C6@U\W((,L=D!-[R6N=$,`PT!^
M5!S;PW$3^NQA:PN-=%:8Y#!%<^]N[^V<)+4R$NHYS@US6'B10T06C>[AUNXO
MMC0D>:I&9R'@@]#MUY!)$QQ%`X482,D1HENM$;F/=YF8%44/W%MO"\M=76`'
M,<*D4X!0867O6`+`6CZ)Y4S01;=1Q%\E"''!K?3Q0<O<G.N(`UK?+[+:<<>*
M*\Y=6<K"X.\KA\TE154.G31%:&1G3@<3DB.EMMQ'`0',#C7&N?J51ZG;;R.8
MZ``'G('/THCJV]V+9_3>YHKD75HJ+)8*$2Q^9KC4Z,J\:A!NL(6@"H#1^%!M
MTLY9?(@JG:-!)H/!!A/FA+1B04%\4=&`DH+6R@/8.:#H0NJX@"O-!O?;DM%&
MU!"#F[AMMQ&[J:-(<,#@!^-!S.A=27'0`#GD5#0:H/4;+V)?W</4D;I!II\S
M*_C0=C;]KL]A<]SVD78D&H@ZVX"HPJ$&+N'O2_N)3!)+I`&!#*&G_1*#RLUU
M<2/!;)4D'3F$'(N;V:4B*24Z012IJ$&&X?I!C!J"<U!?9[?U0#4@\Z*CT%NT
M11M8"3I\4!-%'+[0]:#/-:,TFE2:4'%!A;:/+""T@'/#'\:#19V;8\]1'B!^
M5!THF1@94H@ULG:!0@>E!-MP,<D$)I7/!&&*#@[OM@?)KU$@`T:$'G[R&..%
MNDN;("21@./RJ#A[C=326XMG.)%"YQJ<:FN-3BBE:0NDMX^G0#V<^)0:Y76;
MH)(PW7.]H8!R(I^1!.>&`VA:&B-[`T$4`X<Z50<=FX=&1D<9)`-74.""ZPDM
M7RPR2O.DN>7MS\4&P7-HU\\@=2,QN#8VX"IP"#G;*0((HVO+']0FHS0E%MC+
M+<&-GF>YQJ2@Z3I]WV^QT5<R*7RBA/)!IV:;<(G1R.)=$74Q)I@@]S?V,5[;
M02Q`"1H;I.6%:E5'5MWN;;L:[V@*%!,OQ0&H'B@6I`PX("H0`'-`8(.9<[@+
M6Z=(YGU6G%XQR0>?W7NHV0DEC`?'.RM",03R0>5@W.SW:YGN-X>8F-:UL)A;
MQRQ45SMRWB">^T,(C@BCZ;2&^UIRXH(;A>;6^S;%;,^MJ#J->6(1631)R_U*
M@]A?;8P2$O8`\`ZM632#R59<2;>;=EU))-(YPCTLB+6"AH,<:HM-NW=Q[!=7
M$[+ACK/J@-9+6K3A3S"F"%.K)L]M5E[MICE$3*`QD!Q(XX(.UVW#?V\O7@LB
MUY!<1)32:C$T=^15&[N/=MRZ,,$T(B`&L"N8IPIXH/*!S)7NC<UK'.]IPR)S
M&2@V6L&VQ2.8[]*1J>:T`&1"#)+%9PNZ4$KFLK5SR,#7(((7+(K2W:8270:@
M`>`+D&FT]VJ&EWG()8,@#Z2@MAO&R6[Z8"E-'(CB@AM-X^%TKM(F:^GU>=?$
M%!Z6*:VEMV,F@)B=6K<"&^M4<.^L]L#G,$#BTFH8!0509[F:WL[4MCA#-()8
MPXFM%!Y*2ZN99M;G'43J=Z.2*WVUQ.9FRZRPMK1P.-!F@TP73'.)H`YV3O3Z
M$$;AA>YP:\FHQ;RH@RNA?$&D^8G$`%!5=V,=U(78"@H/2@QR;"X4`RKB>%*(
M6PO#8W$#$#BBG"_S@G+,U0>IVET<K6^74]OL/&=#P<B/1AL%[;`M:Z.6/"E,
M?EXJHP03O$[HRXEF6.8(YA0>IVUT9@:Z@PX4HJ+G2Q&M$&6>XA`(=CA@@P6T
M@>]Q&52@WNG8V&M,D&*.=TDC2!2F)"#T&SV,MR_`Z2:>A!ZQW;^EH+I<0!5I
M(%?PH--]LNQFQA=-+(21BW5@"@HVOMGM..]ZD[S(PCR!KW`@GT50>ZVZZ[7V
M^(-MFG2![-9''\("@\)WMN%C<7+I[8.8[7J`<*</2J/GUQ$Z6<R%WF)Q\4&^
MR]V+6QRQAPH0:X?A08SM%H+AKC&`W4#F#AZT%-_MEL+DZ/,W`C_T""R*-C!Y
M0`@LU(#5@@*FB"-*YA!(&F2"6NB`ZA02$I""0F.:"$TA+</:&2#SFY^[/N8O
M>ATR20ZF`]*#GW6V;7<1S2LN*.:TT;49`*#G;7-%!81,A<'235UM=CIPX(J#
MK=\-T=="8Z%P](J@RRQW=W<]-CSI?I)X<?R(.K8;;8V>YS&X8WIAA#=6/FTU
MXH.!+!$]\CF.T,%=(09FW$K'4;YB*5'H15VU:Q()":-!)]:)+39[G+#=ND`#
MJN(QQI4^"#9N6\RWCFLE:!&PCR@$4(PXH.WV^QEP!#4`:2\<ZU1'L+9[F0M8
M<P**B]LV""390<D$]8*!%R`#CZ$!KQ_I0,/\4$'R'2:(/']Q.N&LN7N=2-U`
M!4@X(/&7L=S/;P!CBXEIKF:4*BLUSM-Y;-C:X8R-#@!7CS1;9YMKN6Q=5S'4
MPX%08#J:_'@@Z77_`*I_0H/K-WM3=ZCDG:U@@?C',!I-#R%5IEXW=^U;<6W2
MCJQ['?6!QJXGFVF%**+;D0=MLAN6RD=6&E*>/B$+>HV.:WM6S3V]LU[811[-
M=':J9TY(B%WW;O4X>UT5"0.F!AIT\1S0527MS+';MFUO(%6MK@-2#5)8/G8*
M@Q5;5CVX(*AM,T4Q,KCJ=30:_.]2!,L[N2X)FM74-6,>.#O1R07&SFDB'5#F
M0AI$C2"X$M]"#9;=N-N;(.FDZ%&M$%<G`J@CVTV5PWJ!HTU:<?*X<T&B"#;W
M%[GQL!^F"6B@\`@SW.ZLF$<+3TGOK336E&H,%W?.TB-CCUAA4UH1509'N=<,
M>'D%[:-'(5J2BN3T"Z9SR-31B6MP`:/%`FS.EN7,H(V$9\!0(-4#F0L:7@.>
M,G9-!\4"@EFZCI74+'9^OF@OD?U&ZA0_1`Y<T&1GU<CG"I/$Y^H(+NL]H#75
M!Y')!R;^T<=4@;2KL*#!!C9%1]'5HWV^:*Z^V7#K2X<UKP8W-RY^A$>AM=[:
M;8M8<B`\<JHCJ;)MHGN>H#5PQ&K'/@J/7MVF[$;'"'ZLG2'-H$&Z3M*_?;]5
MD,CGD5#:L`_"4'EMVVVZMWN;)&]A8*D.H?Q(.;;48#S)X(-<$4LWD:P2%QII
M-?Z$':L-LL[>\C]Z;#$`09(CK+CS&."#T1O-A@)-O%J?\UP`%/P%!BO.X;F2
M,QB.A'LNHW`?]5!QY9[N2I<YWJK1`6]S<,=6-SP[F"@W-O\`<F1U)DIXR$?B
M08+N\EF-9'.+OZSR[\:#&7(),DTDU`/I0)SR3Z$")KGB@54!5`ZH"J`K5`5Q
M0!*`)0"!U0537,4(J]P%$'+O;C:[B73,]I-,*YH//7UO`ULSX<FG\%%%<[;+
M%TS0]A]@9>*#;<[9?3F@8_+S/`Y(,FX6@V^*(MFUR5J6Y'+P0<ITEW(\N>7$
M.QH23DBFZ>"L316@:>IAQ1&MD#?+*T5U@T'H"#G12/$1CI0M<:E%7-B<UNLD
MAQ.%?0B)%TI:\D5#B"2.80=;8KB:.YAD`\P%*<P@^CQN.AI.9%542J@8<@EU
M#G5!,/J@?4H@740&M!$OJ@XV^V;KN2&.AT5\],:H+=NVFVMH=(;3/\*"%[MM
MM/=NFE>`V.+0`:4'RH/+[Y>,,)M8&-D#:-K'4XCT**\;-;S!WFC<TUX@J*V>
MYS<O]514M]9[4[7^(EM$^WFV/<(6L>=+7V\E'#A0D(RV;OV=WC(.M'L-Z9&.
M%6M@>2:\L$'$G[([YDN`_P#PWN!H:'_=Y6M'R#%!B?V#\1&/GZ';^XAKZ5_W
M5_F/HTY(J$7PT[\>UDK]AW%KPW%GN\N>?$"E?!!V+;X9=Z2S,FEVB]810!KH
M'B@Y9(CMQ_"_N01%LVVW3G9!HC?0#TT5$K'M/N*U;)&>V[Z<@'2Y\4@\PRQI
MD@J=VQWDUC:=OWIU$%WU$A(_`@QR]K=[5E#=@W$L<<1[O)YA\B@YCNT/B!&T
MR-[?W+57R,%K*=/+AD@RR]E_$B9C3+V_N6JM3_N\A))]2*OA['[[H"_8-S#&
MFI9[M+YB/4@U6O8G=X>UQ[>W#S$5#K:0:17+$(C)O'9'?KKAQA[<W!S`:QEM
ML\C/#(516)G8GQ":P@]M[EJD%'.]VEP!SX<4%D'P[[S+3UNW]T')@M9?S4$_
MY9=X2---@W!M!@#:RY^L(,W\K>_)7&NP[A'0<8)*'T4""A_PT^(+`?\`_&]P
M<,Z""4@_@05,[#^)`>0>U]RIP_W62G_LH-)[$^(L;!H[<W('/"TD/_X4#;V!
MW[(-<G;>Z!W&MK)4G_JH%=_#SX@BVK%VWN+G$U`]VE)]-*(,4/PX^(KFT?VU
MN+&T\P-I+4G_`*J`A^&WQ"ZCV_X:W-K:8.]UE&(]+4'2LOASW['"X?X>W`/.
M!)MI!_0@]#VUV9\0=NG;<'9;T.::@/MY"/DHB/9P[?W?<1M?/LET)&R:B#`]
MO'.A`5'KK2/?C;M;-M]PS2/9Z3JJ#E[SVM/N%I.[^&W#;G0=)$<@)(X940?,
M6=F][,D+1L%^6US]WD_(@[VQ=L]T65P)Y^W[R4"OU9BD;^$!4;KW:N[KBY,C
M.WKF-IR9TI2/E*#"[MGO$O+F[->,!^:V&2GXD$#VQWF?_M%[]B_\B")[4[RI
M3^$7M/\`]&3\B"([1[O'_P!FO?L'_D02_P`)=WG_`.S7GV+_`,B")[0[N_N:
M]^P?^1`O\']V_P!S7OV#_P`B`_P?W;7_`.C7OV#_`,B`_P`']V_W->_8/_(@
M#V?W:?\`[->_8/\`R('_`(.[M_N:\^Q?^1`#L_NW^YKW[!_Y$!_@_NW^YKS[
M%_Y$!_@_NVF.S7OV#_R(`=G]VU_^C7GV#_R('_@[NS^YKP__`++_`,B`_P`(
M=V_W->?8/_(@/\']V?W->?8/_(@/\']V_P!S7GV+_P`B!CM#NRO_`-&O*?\`
MZ#_R(,UWV%W/<M(?LUYC_P#DO_(@Y>X?##NPZ)+?9;PO:34=!XS\:*#B77P[
M^(L<,K!V]N#Q**>2![OEHU%+:/AW\1("*=O[@PG`Z[>0`?\`90>JMNS>\70%
MK]DOFO`(J8)!C\B(X&^_#7O:1QE;L-]*&``-9;/))\*-17!/PU^)$C0UO;6X
MLTU.-M*/5[*"JX^%_P`0BUE.VMR)I0TM9?S4%D/P^^(L1%.U]TH`/_A)<QZD
M%#?AE\1W:_\`_&=S:22<;67B?[**M=\.?B6VC'=L[DYII4BUE-*>I$:[?X==
M_M!:>V=SH2,#:R_D0>DB^'/=LEK`1L-[&]CJT,$C2,/0B.]'V?W<(V@[->5`
M`_0O_(J)_P"$>[?[GO/L7_D0![1[MI_]&O/L7_D0`[1[L_N>\^P?^1!+_"7=
MG]SWGV#_`,B`/:?=A_\`LUY]B_\`(@B.T>[?[GO/L7_D0,=I=V_W/>?8O_(@
M/\)=V_W/>?8O_(@9[1[K)J=GO/L7_D09KKM3O#1I9LMZXG_Y>3\U!Y_<>S>^
MI8Y`SM_<0YU:@6TIKA_94'&L^PN_[4B1O;6YN><7`VDIQ&.'E156\]C_`!#N
MWAT':VZMP\U;27/_`*J#-_+WXE__`/,[G^B_99?:Y>RHK-/]Z_XRLD<UNXVA
M#21_P<7Y%]&?C8<HU*4/WL/C"X$/W&T!'_RD2WGXW']6-:U]%L7WJ/C&\@#<
M[,__`,.):CXG&QKFF/HM'WI?B_0'^)6A-:%HLXE>SXV/?T@?O6_%\%W^^6U&
MC,VD6.*G:\?HU[FO5%GWK/C"_P#^.M1X&SB2/B<?HL\FH#OO5?&(8?Q"TRJ'
M>Z18)VG&1RR@/O6?&8M)-_:#D?=(E.TPU/)*M_WL?C(UH/\`$+2O_@XEF?C8
MAN-3*O\`S:?&>O\`Q]I^Z1?D7/V,M6E_FR^,M!__`&-I7_P<7Y%OML)U2/\`
M-A\:*5_B%I^YP_D3M<G6B?O9?&<'_P"H6G[G#^19GX^87J6,^]C\8B*G<;3]
MSB6X^-QLSJ4X_O7_`!B)HZ_M*'(^Z1+4?%PSK<B7[V/Q@8W"_M"__P`)%137
MQN.#.M2I_P`V?QF)PO[3T"SB_(L=OANY/_-E\9JD>_6E1_\`*1?D5[;'H=4I
M,^]C\8WX?Q&T:?\`P<2L?&Q*3J8-_P!ZSXTM`_\`["SH<C[I#\F23\3*1R6J
M/WLOC0#CN%I^Z0_D7*?CPWU#_-G\9_[PM?W.'\BL?'R6!][/XS5QW"T'_P##
MA_(KV^/J7)G[V/QEK_\`4K2G/W.+\B3\;"=4D?O9_&<9;A:'Q]TB_(IKX^?H
ML2&_>R^-!_\`N%I^YP_D3'QHGS)TT0_>I^-$C@/XA:T/_P`G$NL?$PY;Y:;7
M?><^,C`"[<;3T>YQ+K/P<0\\?+F5?^:/XQU#??[6I_\`DXEGL\>C?<2M/WG?
MC(T$NO[6G_A(UKLL>C'=3*,GWH?C"&U%_:8Y?[I$I/P^-8^3I4/O2?&2N.X6
ME/\`PD2G9X;]^4_\TGQA_;[3]TB3L^-GW]#_`#2?&']OM/W2).SXSW]#_-)\
M8/V^T_=(D[/C/?T/\T?Q@_;[3]TB5[/C.XT/\T?QA_;[7]TB3L^,[C1_YH_C
M!_>%I^Z1)V?&=QH?YH_C!_>%I^Z1)V?&=QH?YH_C!^WVO[I$G9\9W&B_S1_&
M']OM/W2).SXSN-'_`)H_C#^WVG[I$G9\9W&A_FC^,'[?:?ND2=GQIW&A_FB^
M,']X6G[I$G9\9W&C_P`T7Q@_O"T_=(D[/C.XT/\`-%\8/[PM/W2).SXSN-#_
M`#1?&#^\+3]TB3L^,[C1'[T?Q@_;[3]TB3L^,[C0_P`T?Q@_;[3]TB3L^,[C
M0_S1_&#^\+3]TB3L^->XT/\`-)\8/V^T_=(D[/C.XT/\T?Q@_;[7]TB3L^,[
MC1?YI/C!_>%I^Z1)V?&=QH?YI/C!^WVG[I$G9\9W&A_FD^,']X6G[I$G9\9W
M&D9/O3_&%H_X^U_<XE)^)QM1S:EC?]Z[XU!^D7UK^YQ?D7*?BYOPAWC?@TP_
M>G^,CVU=N%I7_P`'$ND?#PX[YIA;_FC^,/\`>%I^Z1+79\;'<:4O^]-\9NH6
MMW"T`'_R<2S/P\.D<\UXI.^])\9`!3<+2O\`X.)7L\,QSRS3_>N^,T=&_P`0
MM*\3[I%^1<]_%Q#MC<RI/WL_C0/_`+A:?N</Y%QGX\0Z6!][/XT?WA:?N</Y
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M6/D:9F_>H^,[G.KN%HT#C[G$L=IAUGFIGE^]C\9V8?Q"T/\`_#B_(N7)\?,0
MZYU:L?>S^-)_^X6O[G#^1<L\,2U8_P`VGQH_O"T_<X?R*3PP6T?YKOC)_>%K
M^BU_\)%G\BGM06^3ROM&2/ZL+NI4ZL,*U7U+B/.'DK4^4^"L7%D3YX`/$*]4
M>BSC?TE36/4.FTBIJ,34+/A]&_'ZM+7D^8FCQSXK;E,?0YGR$:`1CR23,1YH
MQMT4%1JS_P!"D+J;$\C0#G7@$F3&6=[G4(QI7(9+,RZQ$*"#Q*Y3$NA4*S$3
M:A6/%%\+R!0D8\2NN9<]0C*(]1H:^A35-9M4N7DV`:9'%(GTE#IS-`FH]9":
M\CV<#D2/%9QKT)@$$4(XJZB;\!)I-0NN925[W-?$:'2?HG^A:UXPYQ%2S'4,
M#\BX3,NH:XC`<>"SC5+,)@QD4<VAYKM$Q/FS,21T@8.QY)-!5)&:SYJG'%(X
MT`6\YEG6HATK1AC=7ED%WSX/)RS;6^4N(JMS+A&:2:X=1IPP\%8E)CP63S.<
MTC4*<E=:9QGQ9"XTQ6':B44(&@$!55!50%4!5%H51!5%H:D2A5%H51**I1:%
M4!5`50H50%4"J@=4!5`50%4"I7-%1>T$&@S18E(8`(DFB%3&J*=41S[\@N%!
MZ5RY'JX64FH"XZFX=H17-4FZJ@@T\5TC,I+IVC2(Z%>G+R<L^+0#1:<I.JJ4
M*H4=4050H50*J*$`@:(J>PO?CD."C<34(W1`:`!Q4TO&Q&S)TO)S.(')<IX[
M\7H]WZ*I@(I'-9EE4^E8W_6?!TQ_:+E4XZC4YKG/]O&6H\&K]0L4IWMR99WF
MIH'G\:]4ZMQQQ]+-4`\Z+-NB9G<<``/$*]=L]$)MF>TXXUS*U:3B)3DE+@,<
M0*#T*S+.<TJZCZ@BH(XJ6W4!LQ!QQ*D:)RO:UD@J#3^KFMN<S,*I(7,))\H.
M1X+,PWG42B"#4..(%!11?]DHX6F@U#T\E8AG6CD@#35A!'-)R1N_-"2,DT`)
M/(+.LM1I6QK-5'F@YKG$1Y2U,S7@B0`LS$0T1/R+&I`T?(IC)*]MK,ZV,K/,
MT&A`S7>,3TW#G/)$:J50SH<%(ELW4I@ZJLSX>:00?@0<>168WZK2*PIK40$5
M-2`)@EOM@:"HX+UY>;D:P:9+;A)U*(>I"@7%"BJBT54*.J%#4A15*`JA0JA0
MU(4*H'J0HJH'5"A5`50*J!U"`J@$!5`D#H@*(@JBE5`50%4`BBJ($`@$&6Z@
MU::8\UC6;=N/=,\\+8VCZ1X+GJ*AUQJT(HB]]*8<5C./%K6JAO;;14]G+)>C
MIAYIY)7-`;D*+3G,I`H@0"!H@Q111$.A5+`!0%$#1"TD(MD6US%5"V.]E?&&
MAA%.(7/DU,1X/1Q9B?-A=,YQ!-*CP7GGF>B,4@N=M-?ZA!7<`">2OTC2GI7H
MGP9A0:KAJ9:,$A7.I@F##N/%=<Z2DPYV%?4MVS4)2%[A2F(S4U:1$0AU*-TZ
M03S6/<:Z4FSN:X$`!;C;,XMJ9<1R,T2U"Z1J_-RG$Q-PJELBP%\;M35SGCKQ
MAK/+?A*J.4:@'BH_$IG?C4MZSZ-H,082*.`^:!B%V>>IM1*YNFHXY.']*S+K
MF/%GQ>TGB."Y><.ODB\4#2,J9KGR>2P@<EPUXPT%)%C'ED9H]P<?F@X%>C']
M<^;$Q<^2)))J5.JVJ)9`IY@6@*^(%*%T41<*C/A7)>C&?!SUJFV(.:`"TU"Z
MP\^O%>%IS"`0"!(H0"`0"`0)0"!J@0"@%0(!`("J`0""0%418V.H5IB92Z-5
M:3J'24HZB,9HE+&E98HU8T%"R+35%LJ(`A`40`"%G1$/2A:J>W:\"HRXJ3%M
MXW09;L:YSAQ2()W,PM#**L6=$!1$LZ!4,!$%$#H@=$040%$#H%0J('0((R'3
M&YW(*2N8N7!>YSW$DU)*\6IF9?2B*A'2:57+H6R4B:5LK_L$Z@2Z0^0`U&IU
M>'%>R/)Q^J@L&C4#QH`LSGP;B?%$M(`/X%GI\%L4ICP4JI%S2US6@BE,O%=H
MFW.?"4'$-J*4=D:K,M0@!4CQ7.(MHJG(\."S=*MB+"X8&JZYF)8U;:UX:PEW
MLTI2J[6\\Q<L3RPG'!PJ*CBN4U+T1:;9#T\`/+P6K\&)CQ5:\"*5JL6Z432Y
MKP1F.:SXQ/@3%P@3\BY;EJ"7.5"L>@:J&MP$DP`!(R)!A)HND8297LMP14G!
M=(PYSM,VS2T$8$&A5Z(9CD3BB+#49<0M1#.M6TMR6G*3JJ@JA0J@*H"J!54!
M5`50%4450"`J@$`@$0(HJB!`(!`U0()M1F6AN2TY2DJA$H$3@BH."C4(Y**K
M.:C0HBD@:(:!H!$,*AX(@0%0@*A`\$!@@`@>"(BZ1K14Y):QF9,.!%0A0U!$
MH:D*&I"CU!"D9*.803FDKGPES/=M.M^DF@\OI7'HKQ>SW+J&9S)`T%S:`Y+E
MJ)KQ=8F$*+E4--?ZA/`57#2)'G(%SL/6N\PS$J]+B:!9J5M;TWM]-,2NE,=4
M28C'LOPX^A6DG7HG'%I.EP&EV-3_`$)&:9UJ_)":CC1M:CY2%->+6?#S0?&&
MM!%0[BT\%C6?1J-*S6M2L3'U:,.(((5ZZ*62S%X'/B%O6V,XI422:\5SZOJW
M0J:J3,J8/`K43/U0C3@LS*D5B8"69A0%(`59#"WF$3:VIIS7>(9F6B.!A'CS
M6XS#G.Y6LBTG+):B&)U:UH;2G%5B3``PX*H*!`T0("J`J@*H"J`0%$`@$`@=
M"@-)1+.A5!I*%GI*)8T(6>A"QH0L=-$LPQ"ST(6-"%F!15)3#Z*VS1ZREI0U
MU2RD=2BT1<46B.**6E1;*@0(T0%0BGJ1*+4$*&H(M`.0H:D*&M"BU(4-2%'J
M0H]2)1U1*.JH1-5%@5H$"J$!J'-"A5O-`JL1?$JM01.((YJ+#%=QZ8VTYXKE
MRQX/1Q:N61>>)=VS]0G@"XZ9F(KB''\:]/@XQ91"-A.H5H/QJPFKGR0=,!(2
M/4LSJ+:C'@76J14<:E.I>A>V9CB*\%JW.<3"3S&T:FM%>9_(%99BY\&.24N<
M2:>K!<-<CT9S2LG!<M;\&J'!*\`%-2'A16)B8!16(!B$\8"4L%%F,@H5JI##
M2<DC%EF&'DMQQI8I3,*QFBUT,1=^1=8ASUJFMC`W(+<0XS*1-!5&0"#BJ2DB
M$@>-$!B@`"@=$+`:4+/2JEBB!%0:=M@M+G<+>WO+L6%I+(UD]ZZ-\K86$XO,
M<=7NIR;BI,^'@L0]?_@WX<_\P[;_`,JW'\Q<O<W^/\PZ=.?4QV9\.?\`F';?
M^5;C^8KU[_'^83ISZG_@SX<_\P[;_P`JW'\U.O?X_P`PG3GU'^#?AS_S#MO_
M`"K<?S4]S?X_S!TY]3_P=\./^8=M_P"5;C^:GN;_`!_F#HSZE_@_X<?\P[;_
M`,JW'\Q/<W^/\P=&?4_\(?#C_F';?^5;C^8GN;_'^8.C/J/\(?#C_F';?^5;
MC^8GN;_'^8.C/J?^$/AQ_P`P[;_RK<?S$]S?X_S"=&?4O\(_#G_F';?^5;C^
M8GN;_'^87V\^H_PC\.?^8=M_Y5N/YB>YO\?Y@]O/J/\`"'PY_P"8=M_Y5N/Y
MB>YO\?Y@Z,^I_P"$/AS_`,P[;_RK<?S$]S?X_P`PG1GU>?[DVW8MNNH8MGWR
M/?87QZI;B.WGM1&_41H+9P'.PQJ,%TQJ9\XIG68CR<C4%IBAK"I0UJ+1:PA1
MZAS1*+6$6AK"%#4$*1+D6A5!&JBA%"($#5!1`40)0"!JADH@U(46HHM%J\5%
MH:O%"BJA0JA0J@*H!`(*;IA?'08D+.HN'3CFI87Q/;PP7FWB7HC4-&/_`+A<
MZEI1,?KG_P!H_C72=4(5JG5:!2%%%8A%L6!%,_Q+MEC3:'T96NK#*E5TMPKQ
M8)&G45Y]YMZ<RKTKC[=-6%8`0KJ`*1`877,("%G65-K'.R"9Q:3--$5C*YPU
M-(!R*[9XW+7-$-O\+#F4)H>873V[>?N/$H+`LJ'XXX'P5C%+OFOR6NM&$J]+
M$<LJGVC0:4J"I.6XY3Z6D42DZK!:A:**:!HAU0%4`B)!4%4050(D(M"HYJ!>
M7F4`7#FBT-3>:%&'-YHE$7-0HM;46BU!%HM2%"J%'J0H:TLH:DLHM2%'J0H]
M91*&LI90UI91%R+0U(4*H"J%"J!@H@JA0J@*E`(&@:J&*(AX("M$")01)"BB
MH115`B4*%4"JBE5`50"`0.J`J@*H`%`(*I8R]M%F8;SJBZ1_]S1<NEWZF&:O
M6?\`VC^->6IEM$+<2&"M9T+6.;2A-?!=HF'.8:"W(-(T'YM/Z5MSOU\T21'6
ME2>:>2Q%H.<"TE_M#(4YJ3+41Z,YHN,TZ#!*@"0!2K5(!=(A%T4.H^8>D+<0
MY:W3I6D`;32<1_2NN8>7EW;:X8"O!='G@?C00*C2NJC25`<.*(@]H4E8E5(V
MBDND2JHHT*A%%0@1<%"BUI:T-:64?42TZ2+TM:&I+**I0H:J(4-12RAJ1:`*
M)1DH%4H`E%*J`J@*H!`Z("J`JB"J**HE"J*$!5`51#"`J@`4!5"C!0%54%:(
M'J0H:DLHP\(E'K'!$HBY%H:D**J+0KB@$`@54!ZT`@:`H@*(!`40&"!%`('5
M`(+ND.7^IJL4WU.-,/KI/[1_&O)7T>I!9J@)0`5K,P-`F<YE#0\SD5Z8U<.4
MX\4FR0&FH%6-0DYU]"D+*TS;P(-2DKFT7-CT@AE?&JS.8]%B9]57'*BYMC@M
M!M:2:#BD03*^"TD?B11O-;SARWRQ#J6UM1H#AEAZ5WSEX^3D:`T-/H6J<KLR
M54I%SE%B%9=XJ-TK)Q4:I<UPHJQ,$XHL0SR/Q69=,PKHHTB<U&B(14:%10@2
M`J@=4"JA0U(4$!5`>M%%40ZH"J`!0&"!50,%`P54DR4$:XJ+1ERJ455%"`J@
M$0T!54%4"J5`P5050%4*&HH4"XH4`2@*H'5`50%4!5$H50%4#J@1*`13JB`(
M'55#!0.J(52BFB`(`A`4"`H$!1!JI_L%%<2[(]XDTBC0X@#UKR\CUY4T-%SJ
M::&"D5`16-2IBJWF9056HT)-S73$^*2U1Q@L<*CU%=XAQU/B@RU<XU)P68PL
M\E+38XFA6NACWFB*TB(&&(Q-%N,N>N26V.$!N%1X+<0\^MKVT`Q"VYRKD=19
MF6LPH=(:K-ND9#GG2A$*0\U4=*,GDB%4HHU`#-"E8-2HTD41`YJ-%D$5$G%1
M2)12J@`@10`0-`(!`D#0&*`0-$)%-`(`%$!*`10B!%"($4(@0%4!5`50.J!5
M0"`0"!U0*J!H"J`0%40$HH!0-5`@$`@:`J@8*)1U1`J'5`ZH@0%4!5`T&K]0
MH.%<O#IGT^D?QKRZW$^3VQ%*L%BXE0LR$L3,6H!5QJB3(^1:U%(8\14+IF"5
M\4K!@6^C%=\RY:S+1'.,@%N)<]87MD)IYLEJW*<K&NQQ)HJS,-#-/BM0Y2M+
MO!:MSIGG>:8+$RZXAD,SJK%N_2?5<<%;3I`107)92.OQ4M:(NJA28"J`H0@Y
MU"HU$(ERBTC5%)10@%4!*BA`(@12J4#0&2`J@`:H!`U4"`0"!50`0-`(&@$0
M(!%"!(!`(!`T0JHH0-$"`0"`0%4!5`8HIH@J@`@:J#%`Z(!$"!U0,(AJ@0"!
MHAT0:OU"@X5ST^L[0"#J-:^E>768CR>V+^JL^A)C_0(A<YA2(6-8BUL$).05
M5L-6)1-A.0'K7HPS+2PFBZN4K&'S5)5AF6AKEIQF%['T6HESF%AD%,U;9Z6>
M:04S69EUQEC<[%8=X@!]"A,)F045MF,H:E&J,8HB8P51,8A5@.185/!"S+<(
M54:%4!55!5115$%$4U4)111`4"`HB!4`"BBBJ`*`JBG@J@0&*`0"`0"!H!`D
M#1!1%)`('1$%$441!1`40.B`H@*(!`($0@*("A0L4*!T0"!A5#0`1!1`Z('1
M`450P@*(#%`ZH@U!"FNO^P4'#N=0E<#EJ-/E7GU=/9"DKEJ6B6*4*2#%7Q`E
M!A:B$6,7HRS*]N2Z.<F#C5$7QR$K42YZA<UY'):MSF`Z4\TLC+.^2IS6)EUC
M*LE1LJH`%`502:^BJ3!ZT2@)J)9TI]<4R5MGH0=)52VHA&JBBJ`)0*J**H'5
M$H$H$2BT*H&*HAU0+4A1U0H`H'4*H50HHP50P4!5`("J`0-`51!@BA`("B(8
M"`TH6*(EFJ"B`H@*(#!`('2J!40L]*%E1"Q1`40"`H@**``5#1`BBJ(=4#JB
M!`*AH&B'1$&E%MJT_P"P4+<2Y:WJOQ`HXX>M<-Y>R)447GF&B44*`"U$(D`N
MF<B0;5=8RS,K6@!;8E)5`@8*),)B2BMITDYY*A$(HH0)%%4!5`ZH!`JH&"@5
M4!5`ZH@J@$`@:`J@54`@=4`2@$`@,4`@*FJ!A$/%`"J`JJAH!`(!`Z(`(AT*
M!@%5!I0LT"J@*\5`50*J*:J$HIJH*E`5*`J@D$08("H0&"!H@5"44Z("@50Z
M!"Q0(6`$#H$0('1`41$@"JB5$2VJA_\`<*+;A7C0V5X&0<?QKCJ/![,2SBE<
M<EP="-."Q-`HD9$FL)7?.$F4]%,UN(9M,-:<5IFTP%4LB`H`(&%0(%50%4!5
M`(!`D4(!$-`JH"J**E``HAU0%50ZH%5`("B@%0T`B!`T`@*(`('5$-5#H@`$
M#`1#HA8HA8(H,$"TGFBV8P1#P50%QX*%%J<BT-2%%5`M2+1U0%4!7!$H50H5
M0HZH46I"@UX<`>:63!U0&I$H:D6CU(E#4J46I0H^H.:MG2-7BA0U^*64-:64
M?4"6=(ZB6G2>L)91]1+.DQ(K:48D:EITI=0):=(UJE->KQ_U"A3CW(>Z60:J
M-U$@'#BN4Q+U1,0RN;0TS]"XZCQ=(DJ*QB`Z+49+6AO);8LP#DJB0%%4D$T0
MI'45%H50.J%"J`J@$!5`D!5`(!`("J`0"!Y(%5`ZH!`50%4"J@=40T`J!`P@
M*(AH"J!TP1!@@*A"CU!4H!P1*&I"CU$(4!(EG2>M"BUI90UH41<46BUE0H:T
M*&L(4"Y"A5`50*J*1*`JBT-=$2CZA/!+.DM10H!Q`HA1ZW(4-10H:BA0U%"C
MU<T2BU(M$4!4A`:D*/44*&I"@7%"AK0H]91*&M"AK*%&)2$LZ3$SN2MITPV=
M4_\`N%+3I8)0>J\D5))P]:CJSN80ZE%B<MQ)!N*L06GJH,56:,$*@0.I1"J4
M4(&B!`40"`0"*54`@:(2*%`55!50*J`J@$#5`@$!5`(`('5$/4B4`0@=4`"J
M4>L!"BZC5+.F1U&\%;.D:FI90+@A1:E%H:D*+4A1ZBA0#D*%40:D6AJ*)0UE
M+*&I"AJ1:%0@`4*,%5*/4A1:D*%5`B4450%4!5$%46AJ0HPY$H:BJ46HJ+15
M*!@H"J($4JH"J!@H#%`("J(*HHJA0K0Y(48>/0K:4UZAS_U"A2F5S3(]H=0!
MQ_&JE*'",<:DJ-1:&`"C1X(!`50%4050-4%4!50`5`@$#0)`("J@54!5%)`5
M0"`J@*H"J!U0%4!5$"*$0ZJA54#J@54*/5X(4*H#!`D`"BG55`@$!5``H!`5
M0-$(E%*N*@:H$`@*H'5$*J*$#0*J`0%4!5`T0D450-$"*$0L44('BB"J!%%`
M*!DH@0"`J@*HHJB`%%:_U"B,<CCU7UQ\Q_&I$M3"!&&:JFB!`(!`P@$`@$0T
M`J"B`0"!**$0410@*!`J("B%BB`H@*(!`(!`50%0@#5`JH)("J!50%4!5`50
M-`50*J!U1!5%"(*HH1`@=50E`("J%"J`JBBH1!5`JA%%4!B@=4!5$%4!5`51
M15$&"`J@*E%H:D2CJJ4$`@6*@>""**=40]05*(E0,%`*@*!545KK_L%!3/A,
M\$^;4?QK3,(F&K"X$5Y)1U>*&@T',J4MIB(88JTG4B6>:@Q2ELB*&BA`P11@
MB!%,*H:($`@*(%1%.B`1$2HHJBE5`50!*%"J%!`($BC)$`*!X($BA$%44ZH@
M0"`J@$!5`(!`D451`@=4`@$`@6***E$.J`!0%4`@$`@6"**H&B!`($BFB$B@
M(AH!`50`*`J@8*!50HZH4.*!('@@2`H@80%4050%:H-=!_[A0$UJ72O)=&'Z
MC@9(QQ_M*^#-RK%LX&NIAIPZC/SE5L=&4GYH']MGY5+*2;!,[R^0#B>HP#\:
MMLS2?NA`-'QUXGJ,_.52Y5NM9?I1G_\`<C_.4;B59MI.;/M(_P`Y1;,6TG-G
MVC/SD![O)S9]HS\Y`_=Y.;/M&?G*H/=I.;/M&?G('[O+S9]HS\Y`A;R\V?:,
M_.0/W>7FS[1GYR!>[R\V?:,_.4"]WEYL^T9^<BG[O+S9]HS\Y!$V\O-GVC/S
MD"]WDYL^T9^<BCW>7FS[1GYR!&VDYL^T9^<HMCW9_-GVC/SD+!MI.;/M&?G(
M6/=I.!9]HS\Y"P+>7FS[1GY4L/W>3FS[1GYR(/=I.;/M&?G(67NTO-GVC/SD
M6Q[M)S9]HS\Y"S]WDYL^T9^<B%[M)S9]HS\Y%'NTG-GVC/SD![M)S9]HS\Y`
M_=Y.;/M&?G(@]VEYL^T9^<A8]VEYL^T9^<A8]VDYL^T9^<A8]WDYL^T9^<@/
M=Y.;/M&?G(#W:3FS[1GYR`]WEYL^T9^<@/=I.;/M&?G(67NTO-GVC/SD6S]V
MDYL^T9^<B%[M)S9]HS\Y%L_=I.;/M&?G(@]WEYL^T9^<@/=Y>;/M&?G(#W>3
MFS[1GYR`]VDYL^T9^<A8]WDYL^T9^<@/=Y>;/M&?G*@]WDYL^T9^<H#W:3FS
M[1GYR!^[R<V?:,_.5"-O)S9]HS\Y0'NTG-GVC/SD+'NTG-GVC/SD+'NTO-GV
MC/SE2S]VDYL^T9^<@7NTG-GVC/SE"Q[O)S9]HS\Y`>[R<V?:,_.0'NTG-GVC
M/SD![O+S9]HS\Y`>[R\V?:,_.5![M)S9]HS\Y"P+9_-GVC/SE"S]VDYL^TC_
M`#E2Q[O)S9]HS\Y`O=Y.;/M&?G*`]WDYL^T9^<J#W>3FS[1GYR`]WDYL^T9^
M<@?N\G-GVC/SD"]WEYL^T9^<@/=Y.;/M&?G(#W>7FS[1GYR!^[R\V?:,_.1!
?[M)S9]HS\Y%+W:3FS[1GYR%M?N\O-G_#_39^50?_V3\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>c71227002_v1.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 c71227002_v1.jpg
M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````/```_^X`#D%D
M;V)E`&3``````?_;`(0`!@0$!`4$!@4%!@D&!08)"P@&!@@+#`H*"PH*#!`,
M#`P,#`P0#`X/$`\.#!,3%!03$QP;&QL<'Q\?'Q\?'Q\?'P$'!P<-#`T8$!`8
M&A41%1H?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?
M'Q\?'Q\?'Q\?_\``$0@`-P$$`P$1``(1`0,1`?_$`+$```$%`0$!````````
M```````$!08'"`,!`@$!``,!`0$```````````````,$!0$"!A```0,"`P,(
M!0<)!`L!`````0(#!!$%`!(&(1,',4%1(E+3E!9A,A05"'&!D4(C51BA<H*R
M,T-SM#ABHB07L<'24X.S="4U=38W$0`"`@`#!04'!`(#`0```````0(#$1($
M(3%!407PH2(3%7&!D;$R4A1AT3,TX43!0G)B_]H`#`,!``(1`Q$`/P#5.``D
M`$DT`Y3@"D=#<7WKOQANEN=D*59+E6-:6U*.1"XM<JDCD&^`43T[,;&HT.33
MJ6'B6_W_`+&51K<U[C_U>[W%W8QS5$MTCSY$%UF!+$&4L`-RBV'LFT5(0HA)
M-.2OY<>H-)[5BCS)-K8\#.]@>U(U\0L2U7J[OW5<&0^AIUXY4Y515K24M).1
M&Q7(D8W[%!Z1RBE'']S$K<_RE&3QP_8TECYXW0P`8`8->V.ZWW2-RM-JE^Q3
MY365F14I&Q044E2>L`L`I)'3B?361A8I26*1#?!R@U%X,9N$&CM0Z4TJJVWR
M8F5)6^MUII"U.(9;(2`VE2@#RI*NC;B777PMGFBL$1:.F5<,)/%DXQ3+88`,
M`&`#`!@`P`8`,`&`#`!@`P!6&J/B!T98[\S:V@NY-I7EN$R*0IMG8*93R.D?
M6"3L^79C2IZ79..;=R,^WJ5<)8;R>V#4=CU!;T7"S3&YD5?UVSM2>RM)HI"O
M0H5Q1MJE6\)+!ERNV,UC%XCEB,D#`$&XG<5+-HJVJ2%(EWUY-(=N"MH)&QQZ
MFU#8_O<@Z1=T>BE<^4>93U>KC4O_`*Y%><%>,MXNNJI5HU+*WRKNLNVY=,J&
MGDIVL(%>JA2$]4=H=*L7^H:",8*4%]._]REH-=*<W&?'<7YC#-D,`&`#`$&X
MQ:DD6;1KL:!55XO2TVVVMI]8N2.JHC\U%?GIBYH:E.S%_3':_<5=98XPP7U2
MV(HWBKH%WAY<--W2TDI"66<[XY/;XM%+7_Q.6GRXVM%J?/4HR[)F/K-/Y#C*
M/9HTOI>_1=0:>M]YC?LIS*7<O9411:/T55&/G;JW";B^!O56*<5)<1TQ&2&=
M6?ZI%?QU?R!QOO\`I=ON,3_<[?:6=K#C5H73"W8STI4^XM$I5"B#.H*&PA:S
M1M-#R]:OHQFT=/MLVI8+FR_?KJZ]C>+$FHN.>E['9;7->9>?N-UBM36K6R4E
MQMIY(4"ZLT2D;?GZ,>ZNG3G)I;HO#$\V:^$(IO>UC@<M"\>M*ZIN;=J<9=M=
MP?.6*A\I6VZKL)<3];H!`KS8[J>FSJ6;>CFGZA"QY=S)'K'B7I#2(*;O+(E9
M0I$-E!<>(-<NP;$UH:9B,5Z-)9;]*V$]VJA7]3$^D.)UEU#I63J9Y!M5MC2%
ML*5)6DGJ9:*.7G45@!(KMQZOTDJYJ&]G*=5&<,^Y#5:>.>D[UJZ+IZTM/R$O
M[W>7%P;EE`:;4X2`OKD=3G`Q)9TZR%;G+X$<-?"<\D1MU%\1&G;:^H6ZV3+M
M!;5D<N;2=W%*@:$-N*'7_(.C$E72YR6UJ+Y<3Q;U&$=R;7/@3S1NL;-JZQMW
M>TK465*+;K3@RN-.)]9"P"145YCR8I7T2JEED6Z;HV1S1$^IM>6FQS&+8EE^
MYWR4G/&M$%`<?4@?774I2VC^TLC'JK32FLVZ*XLY9>HO#?+DB*7+C<;#/8CZ
MKTQ<++'DFC4LJ:D(-.7]F:;.<))/HQ9AT_.L824L"M/79'XXN)8]ON$&XP6)
MT%]$F')0'&'VS5*DJY"#BA*+B\'O+T9)K%;A1CR=#`!@#A-GP8$9<J;(;BQF
M]JWGEI0@?*I1`QZC%R>"6+/,I)+%GW&DQY,=N1'<2]'>2%M.MD*2I*A4*21L
M((QQIIX,ZFFL4?$^X0;?$<F3Y#<6(R,SK[R@A"1Z5*(`QV,7)X)8LY*2BL7L
M1G?BWQZ%WC/6'2BW&H+E43;G0H6\BFUMD&BDH/UE':>;9R[VAZ;E>:S?R,36
M]1S++#=S*2I3DQM&./NC=97O2-Y1=+2\4*V)DL':V\U6I0M)V?(>8X@U&GC;
M'+(FT^HE5+%&TK'>(5ZL\.[05YXDUI+S2N>BA6A](Y#Z<?'V5N$G%[T?65S4
MHJ2W,I[BQQ]-JDR]/Z7`5<6"6I5T6`4,K'K):0:A:T\A*NJ/3C6T73,R4Y[N
M1EZSJ.5N,-_,SO-FS)TMV9-?<DRGCF>?=45K4>E2E5)QOQBHK!;$84I.3Q>\
M^&7G6'FWF5EMYI25MN)V%*DFJ5#T@C'6L5@<3P>*+ZT[\465"&=0V=2E`)2J
M5"6#4B@4HM.9:5VG8OT8P[>C?9+XFW5U?[D7;IS4%LU#9(EYMBRY"F(SME0H
MH4)"DJ&VBDJ!!&,:VJ5<G&6]&M58IQ4EN8Y8C)`P!3EPU)I^\\:0J[7.+#M&
MCF2F.F2\AH.W![8M20LBN[&S9R%.-:-4X:?PIN5GR,V5L97^)I*'S''BU=-!
MZIT-/@,W^VKGL)]J@`2V*[YD$A(ZWUTU1\^(]%"VJU/++#<]C/6LG596UFCC
M[41OX8M6[V%<-+2%]>.?;8()_=K(2ZD?FKHK](XL=8HP:FN.QE?I-V*<'P+V
MQBFP9U9_JD5_'5_('&^_Z7;[C$_W.WVC[\4C#(TW970VD.IFK0%T%0E3*B17
MH)`.(>C/QR]A+U9>!>TFG"32]FM^B;3-:8#D^XPX[\R6Z`MU94TG*C,>1"$T
M2E(V`#%/772E8UP39;T=<56GQ:14'Q$:*A:?O=OU#9FQ#1<5*#S;(R)1*9HM
M+B`*92H&NSG%<:O2M0[(N$MN'R,SJ="A)3CLQ+,UK.3?^`\FZ24`NR[6Q*62
M!L=&1=1^EC.T\<FJ45PE@:%TL^G;?&(C^&D`\.W:[?\`N#_ZC>/?5_YO<>.E
M_P`7O*_>LEMN?Q)2K;+:S07Y*U/LI)0%_P"$WBDJRTJE:O6'/SXO*QQT::W_
M`.2ED4M6T]W^#06H+3`D:7N%L4PV(2XCK08"0$)3NR`$I`H*<U,854VII\<3
M:LBG!KA@4S\+<LM6O4A<4=PTJ.\1T'(YF/T)&-?K*\4?>9?27X9'/A%JC4\V
MXZDU/$TV[?IMREA#LM,J.QN6DIS(82EXA5`%#DV;!CNNIA%1@Y94ER?Q.:2^
M<G*:CFQ?-$DXBHU]K'2LBR'0[L=YQ;;D>2N?"6&UMJ!S4"P=J:I^?%?2^55-
M2\SN9-J?-M@XY.]#IP*T[J_3NF)5IU'%,7=2BY!07&W?LW$@K`W:E@#/4_/B
M+J5M=DU*#QV;27I]<X0RS7$LC&>7@P!4?%OCBSIAP6C3VYFWDU]I>4=XU&',
MDA)ZSG/E/)SXU=#TYV>*>R/S,S6Z]5^&.V1G74.K-2:BD;^]W%Z<L$J0AQ7V
M:"?]VV*(1^B,;]5$*UA%8&%;?.;QD\2:<.N(E^T':TRWGU2+7,4OV&Q+_>D'
M*N0'#7<MA8RU`5G549=A4*>JTL;Y8+ZEO?\`Q^I<TNIE3'%[GP&C7?%K5NLV
MQ&N+C<>VH7O$0(R2E!4/5+BB2I93S5V>C$VFT-=.U;^9#J-;.W8]Q#,7"F&`
M/4I4I02D%2E$!*0*DD[``!CAU+$L^V\1K_HO0$W28D(%WD/*$=+:L[D!EQ)W
MZ5J2<J'2KU4@DI)454-!C-GI(W6JS#P_/D:4=5*FIP_[?(J_&D9H8Z<#`!@"
M\OAHUL8]PE:2EN?8R\TJVYCR/)'VK8_.0,P^0].,3J^GQ2L7#>;/2K\&X/W&
MBL8!NC%KG5#&E]*7*]ND9HK1W"#]=Y75:3\ZR,3:>EV34>9%?:JX.7(C/#/A
MQ9XFCX;M^ML:?>KAFG7!^4PVZYO9!SY<RTD]4$"G37%G5ZN3L>5M16Q8?H0:
M;314%F2<GM>)*?)&C/N"W>$8_P!C%;\BS[I?%D_D5_:O@C.6I65<,.-+<^,C
M=VM;HEM-H%$F'))2\V!_8.8`>@8WZ7^3IL']6[WHP[5^/J,5]+^1J1EYI]EM
MYE86TZD+;6G:%)4*@CY1CYMK`^A3Q,\,_P!4BOXZOY`XWG_2[?<8G^YV^TD'
MQ2?_`"UF_P"O/_(7B#HWUR]A-U;Z%[2QN&Q!X?:;(-1[MB_D93C/U?\`++_T
MR[I?XH_^45I\43Z%VBP6]OKS'Y;BVF4[5$);R<GI4X!C1Z.O%)\,"CU7;&*X
MMDHU=:'+/P)EVIS]K"M#;+O/UT)2%?WL5:)Y]2I<Y%FV&73N/*(W?#1_^=O?
M^P?_`%&\2]7_`)O<B/I?\7O(="_JC>_CN?R.+4OZ7;F58_W.W(O^Z_\`BYG\
M!S]0XPX?4C9G]+*'^&!CVBU:ICUIODQVZ]&9#HQM]8>$H/VF3TI8J7;F-G`'
M5\;2NI;GI:^+$1,QT-MN.'*E$MA1;*%$\F<;*GG`Z<2=3H=L%9';A\B'IUWE
MS<);/W-*E20DJ)`2!4D\E,?/&\,.E=4MZB5<Y$1"56J)*,2%,2:B06D)WRT\
MV0.$I21RTQ-=3Y>"?U-8^PBJMSXM;D_B<M<:\L.CK0NX7-T%T@B+"01OGU\R
M4)Z.E7(,>M-II6RPC\3S?J(U1Q9E2_\`%77EYFRWW+Q*BQY+A<3"CO+;::37
MJH1E(-$CZ<?3U:*J"2RIX<3YNW6V2;VM$1Q:*HZ6>RIEMNSIKIB6>*0)4NE5
M*4=J66$FF=Y=-@Y!ZRJ`8CLLPV+;)]MOZ$M=>.U[(HX7BY>\9ZY"6]PP$I:B
MQZY@TRTD(;;K05HD;33::G':X95@>;)YGB(L2$88`[P8$V?+;B0F5R)+IHAI
ML5)Z3Z`.<G8,>9245B]QZC!R>"'I,J%IU*A`?3,ORAE5<&J%B)6H4(ROWCW-
MO>1.W)4T4(<KLW[(\N?M_3]/CR)\RKW;9?+MVYD>Q.5PQTX&`#`!@!5:[G,M
M5RBW*$O=RX;J'V%]"T&HKZ#R''B<%*+B]S/=<W&2:WHV)_F19O\`+KSM4>R^
MS;[<5ZV_]3<?G;WJ8^2_$EYWE\<>S/JORH^5YGZ$9XD\-M?ZV=0P[>H,.TQG
M2[%B--/9B>1"WE%1S+2GHH,6-)JZJ=N5N3(-3IK+=F9)$\TTSJIF(6M0OPY+
MR`A+3T)#C>8`447$N*4*G^SBE:X-^#'WERM3P\6'N'@UILY>;$1(4WQ"X.ZW
MUQ=&)UPNUNC)BMEF.RPR]0)*LQ*E*422<:VEU]=,<$F\3,U.BG<\6TL"2Z*T
MQQ*TU9V[0[=+;<HD9LHAJ>;?2Z@#U4%25=9"?DKZ<5]1=39+-A)-^PL456PC
MEQ32(HC@QKY&N?.@OL#WL7S(*-P[NMJ<A;IFKER=7EKBS^?5Y7EY7E]I6_!L
M\SS,RS"?XE/>'DJP^\=U[;[<K?>SYMU7<N4RY^MR=./?2,/,EANP/'5<?+6.
M_$>>'5OXF6C1MH]T.V^[VF5$9DQF)ZW8[\8O("U-!;:74K;2I75J`<0ZN5,K
M)9L8R3X;<2;2QMC7'#!K#CP':S\-;I.U8WJ_6LQF?=(H";9;HB5"'%`-04[S
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M6VFGB=>*7`B%JN<N\V>0BWW=T#VI#B26'R!0*5EZR%TY2`:]'/CFCZDZEEDL
M8G=7T]6O,MDB+V;@+Q'?R6^^ZG4Q8DT2[%C2)#I6@?52A80VD'TUIT8L6=2I
M6V,/%[$5Z^GV[I3\/M9>EFL]OLUKC6NW,AB%$;#3#0YDCI/.3RD].,:R;G)R
M>]FO""BDEN176IN`=GU+>7[O=[Y<GY;QH!5@(;0/5;;3NNJE/1\YVXOT]3E7
M'+&,</>4;>G1LEFE)XC7^%W1WWK<?I8[K$OK-G*/>1>DU\V?37POZ+0ZA2[E
M<7$)4"ILJ9`4`=J24M@BOHQQ]8LY(ZNDU\V++K\.NFKDMO?76>U'CIW<2&R6
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MLY1[QZ37S8Y_Y`V;RWY;]^7+W3[5[;N*L?M<F3EW?J\].G;B+U.6?/ECFPPX
MDOI\<F3%Y2=^5;+V'_%2>\QFF@'E2R]A_P`5)[S`!Y4LO8?\5)[S`!Y4LO8?
M\5)[S`!Y4LO8?\5)[S`!Y4LO8?\`%2>\P!3'Q$7NUW2TVJRV8NS9,*2I<@--
MNN!M+;:FLJED&JJGIKLQM]*K<).4MB:,?J<U.*C':\2=<-;AIJ_Z1L=L<6\F
MYVV"VR_#*I$9Q!:2EM9(26PH5`H=N*.MJE&R4N#9=TEB=<5Q2);Y4LO8?\5)
M[S%(MAY4LO8?\5)[S`!Y4LO8?\5)[S``-*V0[0E_Q4GO,`'E2R]A_P`5)[S`
M!Y4LO8?\5)[S`!Y5LO8?\5)[S`!Y4LO8?\5)[S`!Y5LO8?\`%2>\P`>5++V'
M_%2>\P`>5++V'_%2>\P`>5;+V'_%2>\P`>5;)6F5^O1[5)[S`!Y5LO8?\5)[
MS`!Y5LO8?\5)[S`!Y5LO8?\`%2>\P`>5;+V'_%2>\P`>5;+V'_%2>\P`>5;+
MV'_%2>\P`>5;+V'_`!4GO,`'E2R]A_Q4GO,`'E6R]A_Q4GO,`'E2R]A_Q4GO
M,`'E6R=A_P`5)[S`'OE6RTID?\5)[S`#M@`P`8`,`&`#`!@`P`8`X3DP3'/M
MV[]G!!5OB`BM=E<VSEP!"81B(M%N>;"5-(EJ]\);VN&/O'`V7$CK%L+R'Y/1
MCIP7/-VLW.XNMJ:]U>S`%*B`S[=UJ;M)V9]WZV7_`$X'1"RVZ_IZWL6@H;F-
M1F),IT*R9I+:1N6EFAS+6NN9)VX`>(,U#FJ')*VG&U/6V.HLE"\Z%%U>9*D@
M5"A45QP'MS-K\TTN&3<&WG-O/5KO?UJ<G/@!H9BS4,Q76'UB2X\Y%6E1*WA:
MWW#NW'1M4"V`"E:N3D..@6EN9%ES9MG_`,1!CH9;<M^:K;K`9!SL*.S>)K\B
MN0X`X..7/W?:)$%"RBV,L/;D$A4A:T?:MH30[PI:S;`?6/HP`J>=OB;[,7#2
MXN/.RQ0""/9E(;2I$@I-#D(4OYP,`)(GMI:TZ@$B<B/-:;6[7:M",C2U5Y0J
ME0<`.&GG+,J%;DOHRW=!RNAP'?\`M*4D.E2N50.W;6F`.,GW.=0WD7++N3'B
MY*US9OM,V[(VY_5]7;@!!'AK?>9BWQ[=K<LRD/O.K"5)47^HI2J@;P)IMZ<#
MA[.,E[3TF3=$[F>U';BLLDT4H-.I#KZ$C;E<52AZ/EP`MD>YSJ"]"XY=P8\7
M=\N;-1==W3;F]7U=N!T0PDOM76VB[K092;>V'"^DN*+GM'5'5(^UR<^W`'2<
MBZL6ZX.DJD6V;(?0\RH]>,YOU)2XV3RM*H"I/-RC`'=\6<W>_IG4RD1]P4U#
MF;<_N2G;FKV<`=+TB:G1]N1<E`S0["$E2]O6WJ,^:E*]6N;Y\`=(1BL:E0I)
M:6RNW*`,5)4W5+Y4KJ)*\M0K_5@!#;XET*;>];7\LJ-!WB6%*JP\%/$J:<(K
M170KE2<`>(>BN^Y7Y#6X;<N$U4AEVAR52[U7*530'+Z.3`'QN%>\\^=?E#VF
2N7,K=Y]ST<NYWO-ZM?1@</_9
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>c71227003_v1.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 c71227003_v1.jpg
M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````4```_^X`#D%D
M;V)E`&3``````?_;`(0``@("`@("`@("`@,"`@(#!`,"`@,$!00$!`0$!08%
M!04%!04&!@<'"`<'!@D)"@H)"0P,#`P,#`P,#`P,#`P,#`$#`P,%!`4)!@8)
M#0L)"PT/#@X.#@\/#`P,#`P/#PP,#`P,#`\,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,#`P,#`P,_\``$0@`)0"J`P$1``(1`0,1`?_$`(L````&`P$`````````
M```````%!@<("0$"!`,!`0$!```````````````````!`A```@$#`P,!!0((
M"@L!`````0(#!`4&$1('`"$3"#%1(A05019A,B,S-"4U57%"4B34E3875PF"
MLE1DI'6UQ296&#@1`0$``P$````````````````!$2%!,?_:``P#`0`"$0,1
M`#\`O\Z"#'(W.ERQ[U&X=#%45,'&V/U#XGDU4&(HI[K<TBFFW:=F>B5J=C_)
M#2>\]:DTB<_650=S.W5=F]7?$5/]XKS=:&\TE?<C;;C6//34LQCJX]*:'X4C
M7:`-`-?P]SUKB=3BZRH=`UE[XMI;WRAB7)[Y+>**IQ2@J*&/':>?;05(GW_'
M*FFNHWG4#\;1-?Q1U<AT^H!T`Z`=`.@'0#H!T$8O4KZH,.].MAI?G83D>=WY
M'.+8532*DLB*=K5=4Y_,TT;=BY!+-\,:LVNED$?_`$Z?Y@&/\BW.@PKEZW4.
M`9A<YHZ:R7VCD<V.XU$KK''3[IR9*69V8!$D9E?V!]VBE8+'>H*X?5/ZZK-@
M$=QP'A>XT>1\CPS&EO61F/YFUV,H2)5)[)4U0(VB($JA.LA[;&L@[/07ZD:O
MD?%+AQMR'D<ESY#P^426V\W.9357JV53NT3EV.LL].X:.30=U\;:=SHL%B74
M`Z!&<B9G0\>8/E&:W!?)3X[;Y:M:?V&:8#;#"#[Y)"J#^'I!"G.,5P6Y>FB7
M&ZK/<9N7(](TN972HCNU$9JJ_5+/4W&-3Y23O662%-/L">[K7428].G(1Y(X
MFQJ\54WEO-MB^DY`3KN-71@(9#KW_*ILD_TNI9A8:/DW_P#7_!/_`".O_P!6
MKZL\3I$S6'+:SU47W!*+DK((J&?%6EEO%94_,5M'25?B>IBMP"I!#*S`!)?'
MK&I;35M.G`2YYBUV]*_(.!9CAF3WNZ83E5R6V9+8KK6RUC.S%3('>0Z.7C+.
MCD;U=/:5;3IZ%UEM#<+-ZO>)J%\HO=YMUVH:ZZBV7&K,E-2S-#71%:>%!&BI
MM4:`J2-/;WZ<!1/CN2MZKJO#Z/D3(!25.)RU372MJ/F:NCIZMA\Q%;P5$,#L
M4&R3QDH"=`3ITX/2LQF/@[U(\56_#KY>I+)R1!54V36JZ7"HKUFD0$"9FG=B
M6W%6!/<$'3LQ'3V!4+DMNY2SSD=<OL&397AV$W8XYC6+V6">6W&:GC!JZVM^
M7DC\TSNQ6-7U6-!J!N8GIX//AZW<@89S'>K!9,;RF#@N_P!,]1:TR'>PM-:D
M2R%(3/(\R1LX:,*>Q!7^3J5$TNLJ:3F?FO!N"L/JLOS:O*J/R=GL-*8VN%SJ
M-5`@HX7=-[?$"QU"J/B8@=!4]?/\P[G[+<XLL7&V*V:SVV>X14]HP26$W*LN
MSR$HE/55FZ/QERP[P*NS34N5#:ZP'FYC_P`QFAI\=N6,\5V*H3D!Z<4E7ETK
M4]39K77KH*EJ,MWN"QL&6-_&D;]G[KV,P*G[]?K[E5ZN.29/>:S(LANTGEN=
MZN$IFJ)F[Z`L>RJNIVHH"K_%`ZT":5&E0Q(TJRRE4IV@#-,)68"+Q!06,F\C
M8%&I;33OT%DOJ']8F;W7B/#^)*?RXIR7<;;\OSK4T=4KST+0;H&MJS1$F.>M
M`$TX5M\*'PL=['28%;:(D2+'&@2-!HJ*-`!U0&16:)R-)(&WP2@D/&WLW(PT
M*G\(/06Y?Y='/5UNU1DO"F:9!67FNA1\@P*ONE3)55#4^JK<*$33NTC^)V69
M`2?A=_XJ=LV"USJ")7)>?X)FO+?'?$M5E-I^CV6LER;-(Y:J'P3U5N^&W6IV
M9BC.T[^9XS]D8!'?JR:1(@X)@B`R-AMA0)\1<VZE&FG?77Q]14".&,_PSA[G
MWDKCT93;3@&55WFL5U6JB:CIJW:)HH6GW;1\$K0$ZZ;D0'K5W$+7D_+\43U;
M\+U3Y-:UI;9:*F&Y51JXO%3RU`JO"DK[MJ,^HT!/VCWCI/#K-9D]AQOUJUMP
MOES@MMMN>)4M#2W*9PM/YYT1XE>4G:@<(0I)T)T'M(Z<.E/S\M'S#EG%_$^(
MUD-ZJZ.^QY%FU;1.L\5IM=(I7=42(2J/.7*QH3N;W:=^DT$QR9E>,1>L+A^6
M7(K;'#:+/4T=UF:JB"4U1**X1PS-NT1V+`!6T/<>\=)X-QF&*)ZU7J6R2VBE
M?#UMRU?S47B^<_.>#R;MN_;WTUU^SV].'6G.^48S3>I;@`U&06Z`6.>H%[9Z
MF,"C,TBK&*@[M(]Q&@W:=)X$_:^0SZ:N9>0J#-*.HDXWY/N+9!8,CI5,R*T^
MK[T(.D@^/9(J_$-JN`5/3&8),83S%2<L93!#QRD]9@]ACFERO+*JED@@J*F1
M-E-041E"L[J6,LK`:*%5?:_:8PJ,'J\]3.>V2"^<4\)X5E]7DTJBER/DB@LU
MP>EMB2*3)#;9HX2):K0@>1?@BUU!:0:*D%1EUQ#F3(:R&MOV'\@Y%<8T%/35
M=TMEYK9E0GM&DE1$[*"3[`=.J'`''&=<9TU<JX)E5XY-NMNFH=;?9Z^:@Q>"
MN1X:K6JAA=*FY/`QC`B/BIE=]7DET"@U:<;<C1HL:<:9<B(H5$6P7(``#0``
M4_8`=4=]MXFY7O%PHK3:^+LNJKC<9E@HJ=K+70*SM_*EGACC10`2S.P4`$D]
M0.)]TLRXVD6+"L&R?(<_A#+7<E0X_='HK/*?)&\..+)2*7E"L`UPD777]&51
M^5(-:O&W(Z*%7C7+].Y[V&YDDDZDDFG))).I)[D^WJC/]W')/^&V7_U!<OZ/
MT`_NXY)_PVR_^H+E_1^@5.#6WF3C;-,6Y`QOC?,/K>'W&*XTD/T*YJ*A$U6>
ME<B`?#40L\3?@;J"_K_Z#Q#]R9-_8;[]_L6M_1_W?^:_3O\`=_Q_P=3`/'P/
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M=<HQ>XT:Z>&VU>,B:(;!H-L3W`CL/</9T'30XWG=OIH:&V9GCU#1Q+K34=+C
MABB5"=?@1+B`!J?L'0=BV?DM@&7/K*P/L(L#D?\`4>FE!K/R4HU;/K*H]YL#
MC_N/30T%KY'9I$'(-C+0Z>9187U74:C</J7;4>_IH8^F<C;5?^\*Q[&.BO\`
M06T)UT['ZE[^FAL;5R0K%6Y`L@8#4J;"^NGOT^I=-#46SD8JCCD*QE).T;?0
M6T;OIV/U+OTT-FM7)"=GY`LB'370V%QV]_[2Z:&#:^1P@E/(%D$1&HD-A?:0
M1KKK]2TZ#(M7)!VZ<@60[NR_J%^_\'ZRZ:&KVSD:/7?R#8TT(!W6%QW/L]MR
M^W7H/;Z-R5_[W9_9^X']OO\`VCTT'"Z@'0#H!T`Z`=`Q_)XM1OME4M$EQ:V7
MH2RTXC>N1_D_YLT*,5W2!_S0++JWL(/5B4V]U^DFF+3BA6J7&[*L\-'JU&]2
M*^/=)*\NA2I,>[X-K.(]V]R-O5!A5FN6]WMUC$E,V3XP33SN4H4J!5H:);?*
MBNKPM1[!*=B[6T(#:L`!_P`D&%K]D"UB01UKXE0"FEA9WJXJOYZ?QF@1%1I)
M@^FP;D!.FXA==)"D]'],+U2VKZ@DS981ADMMW-5I1^&;Y9J)#MB:D%9\QY!,
MPBV[MQV^/JC2F^MK+8S`6FJ$QF\)7I1!XK9+0;Y!72;AY&CJ/FS&844.-@TW
MZ%B`Y[<MWCIZ(7&:[U49IL0-*]TC6GF6#ZRYM@50\R-4^#<*@DCX]"1I\(!7
MV<T0XSOD92V-=4Q.O%75HS+<Y?R;ZFO@92T<N[\X#(_Y3=M.G4"98XZ:Y&N:
M4R8Z4H1?X869K<I%DN7G99-J[JHQ%=ZQH-`(M6+GM1R58V8]4+<I%J,@^Z5_
M^M35B+#-L-'0_([T1I3VI]G\;O)O]AUZ`VF:C_O!M;T4,9IVR9`E+32*+<E1
M]+`E,,SH5=S\)F"1J-VP`F3<W0):G'_BMSDBDJ#9C3$6>DO"$3+,+Q1_/M1S
MNQF:C:33:LL8VG7QLT6F@+.Y_)_=C+'@!-L;.[888*<CY)!YJ$3K023#:X+!
MRY*+'Y"XTV@DP$]6+>MKS35C+:1=<H9"`\<[:T4?S,<8@+L`L>[8\6KMVVHI
MZH[Z<+'<K$;XPK6-^9F3(A%350H38*GY=+FR&=3*JZZLP#'X-ZJ^O0-AX*W]
4YYI_9/\`V&?]F>[]+_1/^(Z(_]D_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>c71227004_v1.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 c71227004_v1.jpg
M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````4```_^X`#D%D
M;V)E`&3``````?_;`(0``@("`@("`@("`@,"`@(#!`,"`@,$!00$!`0$!08%
M!04%!04&!@<'"`<'!@D)"@H)"0P,#`P,#`P,#`P,#`P,#`$#`P,%!`4)!@8)
M#0L)"PT/#@X.#@\/#`P,#`P/#PP,#`P,#`\,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,#`P,#`P,_\``$0@`(0#2`P$1``(1`0,1`?_$`(D```$$`P$!````````
M``````@``P8'`0(%"00!`0$!```````````````````!`A```00!`P(#`P<(
M!0T!`````0(#!`4&`!$'(1(Q00A1(A-A<8$R(Q06\)&QP4(S-!5BLG,V%Z'1
M\5)R@E-C@R56=E<8$0$!`0``````````````````$0'_V@`,`P$``A$#$0`_
M`/?S0+0-D#N)/4;;'Y!H*AYDYLP?@[%I&39C.]]0*:7'XO:N=8/=`EF.WN"2
MHD#<]!H*IX;I>7,^RJ%S9RK;OXG!>@/-X/PS!5VLP8DHC:3:+(!=D*2.@\$^
M6@+3;8@;;;]3MH'-`M`M`TKZW4=`/'\O+0#[R_R]-Q6=`X^P6(S;\F9''<?C
M(EJ[:^EKVP2_;6;O@EIA([@@]5GW1H(!Z6,+MVIF:<IVV87&91\X4S%Q^XN/
MLW)<2(5=TQ#`]UIIYU2BRGR:"?;H#%/0'04]S#S1AO">/1;O+7'Y,JTD)AT&
M/5[?QITZ21U:CM]"H@=2?+01WB+U%85S)96]#1U]S49)CS??D%+:0UM*A>_V
MI0ZZ-T!:OK=N_AH"#&P`V\-!G0+0-N$A.XWZ'RT%=\A\IX1Q;4NW&:7K5<V$
M*7%KD?:2W^T;D,,)W6OY2!L//0#3Q9R;S-ZA,WJLQQR(>-?3]0.*6ER>T'K;
M)W>W8!)/NLL#??N23\^^@-[0,;;%1&^Y)Z'KN?+_`$:`.>?/4E<8G&O\<XC@
M0\AS.C=:B7=Q-"UU\"9(V$>`A*/>D2W2>C2-^T`E6V@)+C'\:_@+%%<CR(TG
M.G:YIW)UQ&DLM"4YNI24MIZ)[00GZ-!.]`M`M`VHD';?R)*1X[#V:"A.5.=(
M6$VD?!L3JU9SRI:QE2:W$(BTI1$8`)^^VCY(3%CIV))402![HU<P"!P3PO.Y
MYSUOU!<N64O+ZZJDE6+M/DHK9<V.XI"G8,56X3"94G9K?JM0*CTTT>G*`-U`
MI&YZ[^T>6H'-AXZ#.@6@P3M\N@BF<975X-B61YC=*[:S&H#T^2`=E.!I)4EM
M/]):MDI^4C0`+Q;C\_E^=9Q53$62<X=:O?41FD996E;:OM*_$(#NX"&FF2G[
MQV'I[P_:T'HO#BQJ^+'@066X<&"RW'A1&4A#;33:0E"$@=`$@`#V#00KD?D.
MIXSQ&?E5V5/I:6B+45C`*I%A/D'LC0V$CJI;J^@V\NN@`_/)N>4=I1M.?=LB
M]7?-+)BXY`0`_!P6A'5QV.TL$,]@.SCQ&ZW/D'70,OA'AVFX9P]N@A/N6MY9
MN&=F65RCWR[6Q='VK[SAZG;P2/(:R+H'@-!J3[QZ[@#JG04]G_//&/&TQ5-D
M.1A[*G&4O0,-KFG)MK)[]_AH;BQTK4"LC8%6P]IT%9R<HYTRRJEY/8OT_I\X
M[:BNORI]VA,Z^9C]O1UQLK3&85UZ`K41[">F@I'C[@FFYBMF,H=B6YXV3+,J
MPS'*'')&1YNI!Z!2W.W[I6$C<-I0E2_D&@.?"<DPS(:N2Q@\^%,I\;E.4CC-
M>G:/%?AGX;C"-@$^X1MTZ:"9)*MMRKYM^FP^70"OZ@.9)=`J5QYA5U#H,E=K
MU6.:Y[-(^YXE3*!!GO;]%/N#=,=L>\I6QVT$,]/G$D*Q_#N<3:J95X+CO?*X
MIQFV!-A.ER0%2LINE*]YR;+W);"OW;9V`&@-QOS^??\`/UT#F@6@^";8Q*V)
M(GV,IF!!B)4Y*G2'$MM-(3^TM:B`/I.@\Z/41ZIK')&*O".`+&T;?GV,$77)
M\.,H18T9^6W$2(2G4?;]SSB05)!3MX$[ZL$BB\7T&0S;7AC`Y$S\.-.IE>I3
MF%Z05V%Q+!2ZY3FP.RBM?0O!&R&V_<V!4=4)_P!9>-N<B8MPGPC@ZLH;7<QJ
M)BV9'PJMN''!$I47M'O)CH0?>W"1MJ0&K7YQA]I8O559EM-8VC9(_ET:<PZZ
M>T$J]Q*R=P`>[;PVU`YCN:XQES-G(QB_K[YBEEK@6TB$^EUMB0V`IQM2T^[N
MD'?QVT'>:L(;T=<QF9'>A-A1=EH<26T]F_>2L$@=H'7KH!WR/U3\95>+\A9+
M237<CC8#,9IU2XZ.V#/N971F!$E*(2ZL';XA3NE(Z[ZL',X!YHRO,L=SF]Y2
M..TM9C-J(M?EU9)[*>4V6BX\VA]]0"U1E;(6L'M4K?;PU!1O+'(ECZG,CP_A
M3`XUC"XDS.4ZYE?(H;,<6<*L6%/MP`X.\MEP(`<[=B=MCH#QQ'#L9P?'JW%<
M3JF*:BIVPW!@1TA*0`-BM1'52E>)4K<D^.@Z%[=5&+TMC?WL]JKIJ=A<JSL'
MSVMM,MC=2E'KY:#S^G\FVO(&>4N25M&,MSE*)+W"W&9<_P"WTD(I(.39`\@+
M;9=<1M\%!/>$D!*022`M'TEXLS-Q^\YGRF:WDO*W(,Z2QE%\I06J(Q"?4RU6
MQAXLM-]H/P^FYZGRU:##)W2H$`#J"/+8^&_LU`Z/`:!M>W<-_#S'G[!X:`"?
M4+R9/B-\B7/%K=903.+V(8Y'Y>7%87)#@?:(I(;Y05+=^&Z2[U]T;)V[E:N"
M;5./9'ZDK6CRK.8DNFX6I#'G8U@DMK[L_D4]L!2;"R8.Y$8*/<TRH]>BE>S3
M1;SG*W'5[F3O#-3=.V626%1*7.33(+T>LCH;[3\>4U]FRLA6R$[[[CPU`*O'
M/(4JORS`N"?3#21)?'>*V#R>1L[LOMENM1W")C@"2DEQUS<!Q1W4KP3MUU8"
MIYJY?I.(,/L+R8I$_(7TB-B6*LGXLZQGN@AIIF.C=:NO4D#8#Q(U`*'!O"&4
MY`PSR5ZE&(U.BRLU7GX$L'6PF7;.*W8G6Y4HI66D@)8C[]K?L.@ZW/GK->X_
MO;'%.+,<AYK;8^_&@WTMU_W$SY!`;@1([0+C[P2=U=NR4[C<Z`YJZS<715]K
M;MIJGW8;$BT9D*#8C..-I6XA:CT'8H[=3H.=<9QB&.QD2[[**FG8=1\1I4J8
MRCO0?!2`5;KW_HC01C_&_B+_`.D8]_#_`'K^/:_=?ZWC_D\=!4_^`V8<AVJI
MO/N=M9=0PI(>I>.Z)E=?3[)ZI7-[E%V0L'R4KL^30#9G\/->3<NYPXJXWP^9
M$NH$RDK*.X<:_EM1CU72H$EI4221VER4\!V-MC9/UE=!K0Z645?J3N>'YO&_
M$?#?^&-%!B&/=2+>T97<7#KRP)*HY9&P4Z2I3CCAW4#TVU*(#Q#Z-N3,)@7]
MWR!.4S65-6Z*K!<2DA5E:%""Z8(FA*%,)>(^&OX:@I6_56VE'PX;Z,\RR#DC
M`\ER'&&.-ZJ;%7D6;.T[WP5Q$OGLC8[%""'$K2A(^.Z22=R.I.FZ+6Y&]*N1
M85Q]RLGC[(;^TH)RW)^&\.8RE%>G[U(*4*^.^@AUX(3X)[@-AUU!#LIX2]1%
MQP/4T%572,6I*1R#"K.'Z><$V%E$==!G2[FP4=BXH*40VC8`?6W.@M6?Z1KO
ME7$H%/R7<LX#4T#+;?'W'6(I;-=4%"0"]-6M!$N0O;92QL-B=NIU:+.P_P!)
M6$UU=30L]M)O)+%$VENHHK`I8I8@'DU6QPAE6_B2Z%G?4$LFXC=U?/\`AF40
MJ,R<.1ATS'&'88;0S4/_`!VGD;L@#M;<0UVC;H"`-M`0*!MOTV]GAX?1H([F
M.(T6>8Q=8?D\/^84&0QE1+6%W*1\1I1!*>Y)!'AX@Z#EX)QOAG&=.*'"**/1
M5Q*2\EH%3KRD#9*GGEE3CA`Z`J4=AH(;&]/W&4',I><P:J776\^2)\R'#L)<
M:`Y,WW,E4-IU+1</M*=!-+3$9ECFF,96UDL^#"H(TR-,QAHC[G.^]([4N/)/
M4J;/5)T$WT$-S^SOZ;#<HL\4I7L@R:)7/*HJ9@I2N1**2EH!2N@V403OY:`-
M.)/2QD.0X3!C^H&:%(=:D26N.JIY28;$^<I3KMA/=21]YF!2@0H^ZGM'CJT6
M/&].F>VL2+CV=\]Y)>8;6@1XU)6MM5C\J*CHAN;,9'QEDH`2HH4G?Z3INB.X
MYZ2;7"_Q/C&$\J3\-XPR>:]/F4-3$:3:`NH[`R+%WXB^P>.^W=X]>NH(_P`=
M>GWG?`:I[`\7R[$,"Q),YQRPS2I@O2<DMXY)#;CZWU%E#J4G;?;Q\-6B/6'#
M6;<:<]5N;87QU8\QV8QE4:LS7(;A#;4:W=>[7Y$HNA0;^Q]U*64IU!=*/3O9
M\CJ7=>H?)1FM@ZE:JS"JTN1*"J*T[)+384''G$;_`+QQ1^0:`3_3ZSA7#<-^
M$WPWD_(7J$3=62`T:Y:78\?XRQ')L)/<RTW\%((=\3X:`DLBX`Y"YZK9#G.>
M<S,6KYB@JOXWQ!\(A1&]]PB;)6%&6YMMW;;(W\!H*ANN%N+H-]5>GWBB&JWS
M.V;6OD'D2V2;9W':)K8/MLN2`MIF3(W#;*4`=O4]-`1?_P"/O3__`.#1?[N_
MAS_H?\?^W_YGCH"@\A]&@Y,;^+LO[1O]6J.JKQ3\_P"K4#0^JG\O,:#9O]W]
M*OZQT&3X?G_3H-C];\V@T/B/]L:!W0-'ZR_]W].@RU]0?3^DZ!S0+0+0+0+0
M8/\`F_3H,^W0+0(^!T&O[*?HT"3]0?-H&3^Y7\Y_3H/D9_CE_,K]6@^T>+?Y
5>W0#[PQ_>_F'_P!C5_43H"(T'__9
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>c71227005_v1.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 c71227005_v1.jpg
M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````/```_^X`#D%D
M;V)E`&3``````?_;`(0`!@0$!`4$!@4%!@D&!08)"P@&!@@+#`H*"PH*#!`,
M#`P,#`P0#`X/$`\.#!,3%!03$QP;&QL<'Q\?'Q\?'Q\?'P$'!P<-#`T8$!`8
M&A41%1H?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?
M'Q\?'Q\?'Q\?_\``$0@!!`&0`P$1``(1`0,1`?_$`(D``0`"`P$!`0``````
M```````$!0(#!@<!"`$!`0$```````````````````$"$``!!`$"!`0#!`<&
M`@D%```"``$#!`41$B$Q$P91(A0'06$R<8%"(Y&AL5)B<A6"DC-#)!;!LM&B
MPE-C<T07".'QTH-4$0$!`0```````````````````1'_V@`,`P$``A$#$0`_
M`/U2@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`
M@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`
M@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`
M@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(""HQO<
MU'(6_3Q1R@Q[NA,8Z!+L^K:^O[4&O$YZS=[ESV*DC`8<2]5H)!UW'ZB'J%OU
MX<'Y:(.<+O\`SY6O4P4*\V(MW;6)Q@[R&P5NL,C`4COY.G+)`8LS<6X/J@M^
MV>XLYE++5[=,*SUF/UQNQ`[N6CP@$;D3B3CYC9W?:VG[R#I7D#=LW-U';5A=
M^/Z$'GLO>'>>-[@N4\Q/B0QV.BJ6+$L,%IYI1N2R1!#"/5+\QRCT;GJ[\D%B
M/N5C'R9[G:/$14#LSR&!M8"S'::L]<HN;%N+3;IKJ@F_^X?;Q10/&UF:S/++
M"]"*O(=F,H'9INK$+.X-'O'<[^+:()`][X$LK_3F*77JE6&WTC]*5D&<B@&?
M38\C,+\->?#F@K8?=;M.6,)6>V$<D<4[&=681:M.6P;#NX\(M_E<O@Z#9/[F
M]M0V)X'&X<D)V(A:.K*;2G3+;8&)V;0WCTW%I\$$T.^>W)#88IRD8IZ=8#$"
M<2/(`,E?1]/I(39]?@@KW]S,!/CY;-)Y-PC')"UB*6(90.T-1R!]KN3#*6CZ
M?+X()_\`O?$G)>"O!<M-1(HRD@JRR!+*!],XX29M)"`N!:<ON05\ON=@S>(*
M,5BSU\=/DX[+0GT(XZ[D!C.7U`[&#B[:<T$R+O[`%9K5C*7?,T`R6!AD>M%-
M:`3AADFTV@9L8Z,_BVO-!OP'>N#SMCH42F:0HSFBZT1Q-)''*\,A1N3-N8)&
MT?[D%7!WG=;NO)X_(%3QV.Q@'*4-CJC;EKA&Q^LB+_".+<[B3,VHZ<7^""0/
MN3VT4`R-ZGJG,-<*GIY/4.<L)3Q:1:;M)8XW<'^*#[:]Q,!'1GF`I&L1>I9Z
M\L4@&)5:_J3>0=-PBT;B^NGQ9!OB[YPKSR02O(WI8&GOVQBD>I`_1:=PDGTV
ML73?=MY_>@CA[D]M&$>WU+V99A@&BU>1[.IQ]83Z3-NV/$V_=X(.I;CQ0$!`
M0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`04]&AA:>8*M78VMC$\XQNY.$<<AN
M+[->`[B9T&(]M=&_F[]2[+7MYH8&>41`N@5>+I"0,3.S^/FU00*W8-6OF6OC
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M-WZ$$9_;#'/C?0>MGV?TF/"[]`UZ44G4:3E]3OP\$$J+L"C'/!,UN5W@GR-@
M6T'1WR>O49^'(-WE_6@B5_;&E7DH='(6`AIGCY98=L;M-+C`:*(R=QU'<`MN
M8?!!\;VNQS4Z=5KT^VG7>L!Z!J[/=CN[GX<]\+#]B"5_L24*UJA7S%F'%33>
MHKT1")VB,I_42#OV[SB,M6<"?D^B"'7]KJE:K%7K9*>(1JW*$^@1?F5KLI3.
M&FW0'"0_*XZ<.""0'MS4"8`'(6&QA25K%W&[8^G/8IC&,4A'MWCKT`<Q%]'=
MD$O`]D4\/:H6(K,LQ8^K9J`QL.A#:L#8(BT;FQ#HR#3F.P*^:R93Y;(6+>.9
MIO3XTFB$8BLQ/#(XRB+2N.PGT%WTU^Y!AC/;V"F5`Y+Q3GCK0VH2&"O`Y,$$
MD`A)T0#?Y97=R?CJ@D9/L'#7\GE\F[R17<QC2Q<\@NSL,9,0O((OPWNQ,SOX
M"S(-3=@5]+U3U\SX7*Q$&1Q;C&XR2'",!2C)MZ@.[`SZ,^FJ"&?MF,F(_IIY
M4Q_.CE]3#6JPS,,3:!M..,7&1O\`O6\W[$';"VC,VNNG#5^:`@("`@("`@("
M`@("`@("`@("`@("`@("`@(""EI/U.[<H>O""K4B9OYBE-_VL@MYIHH8WDE-
M@C'F1/HR#5->B"C)<B$K(1@1B$#;S/:WT@WQ)^2"N[;[FKYL;8>EGH7L?*T%
MZC:86EC(@:0'U`C`A("9V<205EOW+[>@FRL,32V3Q$L%>T0,(QO+88R81ED(
M`T'INQ.[Z:\.:"YPN?J9AI3IA)T(FCUE,=K;Y`8WCT?CN!G;?X.^B"S0<X'?
M.,/M2KW*T,WHK<D44<6@]5BGL-6'5M=/K+5^/)!(F[S[>&&:6M;CO-`4\<PU
M3"1PDK1'+(!Z%Y2TC=!C5[U[>EKUYK%H*+6W@&NUHPB<Y+$(SA&.I<2V&VK(
M)L&>Q4L4,AV`K^IE."N$Y@!221FX.P,[^;B/P02H+U*Q+-%7L1S2UBV6(XS$
MBC)VUVFS.[B_R=!N0$!`0$!`0$!`0$!`0$!`0$')-G.[<QD<C'V\%&O0Q=@J
M9SWFED.>Q&+/*(#$0=,!<MNY]SN^O!!,L][8JC=&A=:3KQ=$,C9@B.2I6EG9
MM@RS:,P;G)M-?@[.^B"*'N;VN]>S8,K$,->*:=CE@,6E&M-Z>7HZ_6XRNP_>
MR"58[ZPE6$Y+06:Y14),I+#+"0R!7B/IGN%^.]B_"@BS>Y?;\=R6F,-V:>.6
M:L#15I#:6>N.^6*)V^HF#S?8@VM[B]K%/2BCL'(%V.O*-@0)XHFN<*_6+\#R
MOP9G^_1!-[<[JQO<$13X^.PU=@&0)YH3BCD8W)ORR)M"VN#L6G)!<H"`@("`
M@("`@("`@(""EPFAYO/S-_\`T0PZ_P#EUP?]IH)'<#U0QIV+4O1AK$,KFXN;
M:L^C-M;B^NNB#;#6L4Z$S5V&:T[')&!/TP>1V\HN[,6T=?D@Y;M7"]WUL?;A
MR]6H%[)V7ERMZO:E(Y!E!Q,HOR@>-XF$`C'7DVNNJ"/@?;FUVY>SLF(L$=>]
M6IU<='<GDL-%T-[2&8R,6NW?J'_U06_:N`S^(R%J*Q;&;#Z.U2+7<3DY[F-V
MV#M+1WW^8MY/NX<D%QC\5)3N7+)9"U;&V>\:]@@**#GY86$`=AX_B=T'&5NR
M>Z0Q=/M60J?^WJ5R*R.0$Y/5'!!9:R$/1V;!/<+"1[]-/AJ@U-[>9H=*T8TX
MZ]>YEK,,X$3'*.2@G`-X,#,)1G.POYG\K?<@^4_;S-4SI6ME.U8HWZML89")
MA*./&1T)?/L-Q(3%S'R\=&Y((I>UV98*K2/#;C>*Q6LUNN<`QM-?DMA-$;12
M$[Z&S$S;7U9M"174=F]M9'"Y'+E+'6AQUJ7JU(HG>6;>1F<I'*0`>TR/5@)R
MVOKH6G!$=4@("`@("`@("`@("`@("`@(.:N=F2_U&U=P^8MX9\@3'D(*XPR1
MR2,+!U1&8).G(XLS.0\].*#7<[!JV;4Q/D+(T;SPGEJ/Y;A;.N(B)F;AO%R:
M,6DV.V[1!C%[>TH8*\<-R42K5[U:,R"*1G'(3C/)N`P("VN.UF=M-.:"):]K
M:$V)@QX9.Y$X4)L7/9UC.26M-(TK@^\28=I-Y=O(?+R0657L>A6OP71L2N<%
M^UD1!]NCG<A>$P?A](L6K((&/]K\7CK%&:I:D%ZT%>O98XJ\KSC5U:(G*2,B
MC)F?1WCTU9!T7;V$@P>%J8F"0Y8:8=,))--SMJ[ZOIHWQ06*`@("`@("`@("
M`@("`@I>V-Q-E97?7J9&QH_RCVQ?]A!AG?\`79C%XAN,;'_4+K?^%7=ND+_S
M3./]UT%Z@("`[LS:OR08=:'IE)O'IBSN1ZMM9FYZN@KL)W%3R^++*P!)'C]Q
MO7GE;1IH@_S@%G<MA<=NK,[MQT0<Y![JXZ6C);+'V81.O'=QXR/$WJ:DTC1#
M/N8R&(6)VW=31Q9V0='A,_7S#$=:&080CB(Y)&VZ22#O>+3GN`7;=]J"T0<U
M)WWC@[>S.;*&3I866W#-!J'4-Z9.!.''3S:<-4%LV?PS3/7DO01VPA]3+6.4
M&D"+3<YD+OJPLWQ05UOOGM^O+0=K,<U"_%:G;(Q2`5>..F#'(1FS^!?!!\I=
M^=MW<L&/KW(3":M!;J6VECZ4[6)#C$(GUU(F>/BR"5W!W)!AWJP-7FO9&^91
MT:%=A>21P;<9:FX@``W$B)]&0:JO=,`5V//0?[?F*5H8XKLT&V0R9G;I2`9"
M?/[4$\\WA@M%4._7"T#$YURE!I&8!8R=Q=]?*#L3_+B@VT,CC\C6&U0LQ6ZQ
M.[#-`8R`[MP=MPN[<$$A`0$!`0$!`0$!!YP%3*9'(]WY`NX[V-?$W"BI,,@>
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M<5*2*&].,`2&)!--I&(@XMO;F_)D5=-G<QD^UNS("R112]P2!%D,M59HST&O
M),X1N3.P'(<>W5F\=$17U,]W0%"GF)<L)P5)[>.8)?*UEZT\L36)&%MKLX")
MF?#;M?1GW(/0L'=IRX6">*Z]R(!VR6Y=0(C!]IN8DPN#[F?47;@@GQ313`TD
M1M(#\B%]6_4@S0$!!A+/#"VZ608V\2=F_:@@R=P8D'TZ[&_@#.2#Y!W!0GG"
M&-CW&^T7<=&U_2@B5<]AZ](9:T!QP33SZBPLS]09'ZA.VOXB=W094+V$DR5F
M[&9M:L1@$CR,^@QPZZ,/@VIN[_-!<1S12-K&;&WR?5!F@^$0@+D3L(BVI$_!
MF9O%!2EG\=DI7H8[J7-[N$MNN&ZO%IQ\\SNP/X:"[N@VW,&]S#Y''')T/ZA7
MDK/)$WT=2-PWMKIQ\VJ#FNR.R<]VT,Y1^@A&;T==Z-9YFK=*MJ$UG0FU:>4'
MY-Y>#:N_-!(PO8#86_G,MC8ZE;(Y`?3X^*("&""!B<VW"^NXR,G,]&9N3-XH
M)O;?;F:Q&5L]2_U\.X.U>`G=S>0G8G,VT9F+7?N)G?=NXZ:(+;'X?T5V[:];
M;L^M-CZ%B7J10Z:^6$=&V#QY(.(N^S^,N8'N*&Q4HS9S+6;MBID3C=WC]2;E
M#N+3=J#:<ON093^W6;')W[-6:K(4\TMZC;LG,10698&AV%78>G(#:<'(N7X7
MT0:8O:_,R>I&Q:KA':/+&3BYR$S92K'"W,09W`P=WY,[(-MGV[S]VG9]1)2A
MN2XZA0A>)Y"$"HVGF<V)P$F8ATTT;G^E!TW<N`R5N_C<SB)HHLMB^L$<=EB>
M":&PPM+&;AYA?4!(2;71VY.R"E[F[:[X[CPLE*Y)C:YSQV8)(X>J3,$T&R-V
MG,-_EDXDPB.YN&J#"S[;V+N*[BK69H8[F9].]>U&+D43P58878G=A+:90OKI
M^%T%]V?@K6*K6RMQ0PVKD_7F&":6<')@$-VZ40?5V#DPH+]`0$!`0$!`0$!!
MSMOV\[,MY2;)VL7'-<LF,M@C*1PD,181(XMW3)V86YB@F9+M/MW)/8>[2"5[
M0Q!8?4A<Q@W=,7<7'@/4+A\T&N;LOM>6T=H\=&TTL#U9=NX!.%X^EL(!=@+\
MORL[MJS<D&W)=J]OY*&K#=IC*%)MM5V<@*,=&':Q`XEM=F;5M='^*#$^T>VS
MR!9`J$?K#DAF*7S-K)6TZ1[6?;N#1N.FJ#2/8O:(O=VXR%FR`E';'S:$!EO(
M&;70!(O,[#IJ_%!GD.R^ULC+/-=QT4TMIR>P;[F<^I$,)L3L[:L48"+MRX,@
MRMX+H8C)5\#TZ%Z^)/ZDF(F:8HQB:5VUU<A`&T^Q!-P^*J8G%5,94';6IQ!#
M$WR!M-7^;\W02T%+9[+[6LXBOAY\=$6.J/NJP>8>F[ZZN!,[$.NY]='XH/MC
MLWMBQ4FIRXZ)ZTXP@<3:B+-6;;#LVNVS8W)QT0;P[;P(5HJHT8FK0USJ10L/
MD&"33>##R\VUM7YH#X&C#B6QM$&K0`^X!;4FW;MSN6KNY;GYN[H-,M3,4JCR
MXX8)['4ZDU4]8PD#31PC/CL+XL[L[>/B@DXC-TLI')T=T5F!]MJG,VR:$G^!
MA\_@[<'^#H/N1S-&@/YQZRO],0\2?[OA]Z#FKG=&1LNXP:5HOX>)_P!Y_P#@
MJBM=Y)2W2$YD_,B=W?\`6@V`""?B@TR%?^=D&AHMN)J#XR63_O3.@W8^+;%/
M)X[8V^]]7_8@VMN!]PNXOXMP=!.K9FW$[-)^<'SX%^E%;"Q6&S-I[-LY+8LP
M[:$QOT`<?CT6T$G?Q+<H+J...,!CC%@`6T$!9F9F;X,S(,D!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!!S&;[BBCF.+'L+V';9+;9F=V
M9OPB_P`=-51S?G,W,W<C)]2(GU=W^:(V@"#<((-P@@G8P/\`70/_`!L@PEB=
MJ=,?`9'_`+TI.@WPQ;:@-\3(C?\`8R#XXH,'%!]@BE*8>F^PFX[^6UFYN@OZ
MM\3=HY'T?D)O\?M45,0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$
M!`0$!`0<QW-G2U*A4+3X6)6_Y&_XJCFP!$;@!!N$$&X00;@!!-QXZ7(?YF09
M6H]`KC^[%^TG=!N,-K"'[@LWZM716IQ1&#@[OHS:N_)D$H8FA#8WUO\`XC_]
MG[D&*"PH7'?2&1^/X"\?DHJ<@URVJT+:S2A&W\9,/[4$*7N/MZ+5I,G5!VYL
M\T>O#Y:H-X6BDD9P<2B+39IQW"[:L3/X(/)<O<MM[J[_`%.G2S%&J#]>0;PP
MR5V(X8JC?EG4,N)R/Q^I_P`**L^X.]+,7?<5AGAMX3'A3&C5BM.$UJ7(R/"5
MFO$#.-IH6\NURT;S/S1&+38_M[.E#:OV[F-&SU9B%FT.S"^NA.Y^?I=87EV\
M2+:VWRNBO1,EE9:5BG"&/M7!MR=,YJPQD$#<//,YF#L/'\+.B.*[NK=Q6/<B
MD>`N-!DJ6&GL059R+TEAWM1@4=@!XZ.S^4FXBZ#G`S^:[2C[I%LN-S+17CM'
MZN-Y&L/#CH;,T43=2(*\3:\.>C::,[HJVM]_]PU+.=F]77EB&SCZ^/IO$+/6
MANPPR%:D-Y`ZD8O*X\=HZ_B9$66'[H[QR>7HXMI*,$CU)K5F9F:<91KW`@9P
MZ,I"#R1$^K;RVEXH*?!>X.1-NWJ_J89(;QC4OU2$NI$\[6"BE]0<CN3OT/I8
M'^;MP14KV[[GR3'VWA[-F%J5K$PG5!V>:Q/,T3G*YR,>L3@S,XL0:&VNA:\$
M1Z:@("`@("`@("`@("`@("`@("`@(""K[@ROH:>D;_ZF;48OEXE]R#B1%W?5
M^+OQ=W51N`$&X`0;A!!N$$&X`03*(:6HG_B9!)L0[K,8>#"S_M45C(VXG?Q?
M55&MP0;(H]C=1_K?Z&\&\5%?'95&#L@^<GU^+(+'IULG1.M;!I8S9AFC?70F
MUU;E]BBH\7:G;,>FW%U7TY.40$_Z29T$R+&8V%]8:D,;^(1@/[&02=&\$&DJ
M5(K8W"KQO;`7`+#@+R,#\Q8]-VGR08-C,:QP&U2%CJL[5B:,=8V+GL?3RZ_)
M!D=&B;`QUXB:,^K&S@+[9'?7>W#@6K\T&]!AT8>LT_3'K,.QI=&W;7?7;NYZ
M:MR0:I<;CIMSS589',MY;XQ+4MNS<^K<]O#7P0?'QF-(B(JD+D<70-WC'5X6
M_P`M^'T?P\D&5>A1K,#5J\4#1!TXVC`0V@[Z[1VLVC:\=$&']*Q>X"]'!NC9
MFC+IAJ+,[NVG#AH[NZ#*+'8^*89XJL4<P!T@E&,1)HV_`Q,VNWY()"`@("`@
M("`@("`@("`@("`@("`@QEECAB.60ML<8N9D_)A%M7=!P<F5J=Q6"MXVR%H6
M9F:LWEF`6\8RXO\`:RJ-8QNSZ.VCMS9T&T00;@!!N`$&X`0;PC02Z8?ZB-_X
MF14R4/\`4F7[K</T:*#0X(`1,_F+Z6^'B_@@%J[N[\T&#LB,'948.R#;4F>*
M<7_"7E+[T%PHH@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(.-]UL
MR^/[5D@C+;/D#:N.G/8_&1_[K:?>K!XK6,XS$XR<)`?43%W$F?Y.RJ.RQ7?6
M0!ABR<;9"%N#2$^RP+?*1OJ_M,F#KL;>Q>29O06&>5__`$LVD<K?9KY2^YU!
M-:(A)Q(7$FYL[:.@V@"#>`(-X`@DU@TF#[5%3)!XD_B_[$&GIZO^UT'P_!N#
M-R9!K=E1@[*(QVN^NC<&YO\`!!67\WC:C.SF\\C?Y<7%OO)^"HY',]X9:42C
MJNU.)]6_+XR.W\[\?T*X.][+RQ93MVK8D+=.#/#.[\W./AJ_VMHZS57:`@("
M`@("`@("`@("`@("`@("`@("`@("`@("`@("`@\>]Z<@\N;HT6?R5H'D)OXI
M2T_Y15B.!B=43H706=9^+>+<G0=9B>YLC"`Q3NUN!N#!+Q)F_A/ZF0=11OX^
MXS=$^E*_^3+HS_V2Y.H+!H2%]"9V?YH-P`HJ1`&AB_S023'5T&H].3?>@U.R
M#`AT;4G86\700[%X(V?ICO+]XN#?H5%)D+=B9G:0W<?@#<!_0R(H+G)U10W?
MB@Z[VCO/NR5!WX,X3@WV^4OV,I2/1E%$!`01OZECO1%>]5%Z(&)SM;QZ0L#N
M)ZGKM;:[.SH/MW(4*-0[EVS%6J1LSG8F,0C9GY.Y$[,@Q_JV*UK-ZR#6ZVM-
MNH'YS::ZQ\?/]R#?#/!.#G#(,@,1"Y`[$VX7T)M6^+.VCH,T$"EW!@;]F2K1
MR56U9BUZL$,T<ACISU$7=V03T!`0$!`0$!!QL_N')'W)D\4V/C]'B28;=V2Y
M#$>CUVL.\=<FW$S"6G-!>5^Z^WYK,=/U\`7S`3>H4@=0=T33:.S/_P!V^[[.
M*#`.\^U#H-?'+5GIO-Z9I^H.WK:.73_FVMJS(-TG<_;L;T6/)5Q?)Z?T]NH/
MYV[33I\>/-!HQ_>';]R2K7:Y%%>N"95Z92`\I-&1`6FUW9^(/R=!J[=[TPV9
MK8YVE"MD,E7]5#C9#%YNFSNVNC<V\KH+]!5?U^/_`'2W;_1+J/1]?ZC5MNUI
MNCLV\]?CJ@T8/N[&YK,Y;&TA,FQ'1:6T[:12%,QO^4_XF'8[.7+7D@K[_N)C
M8,EE<?5K2VYL16CL3R!PB<I)NBX">C_X;MK(3?2WS06?;_<@YIM\-62&,8@.
M<I.&R8^/1T^+L.A._@[(-O<^=#!82QDRA>P\.T0A%]NXY"8!9R?Z6U+BZ"#@
M>Z+N0IVBL8XAO4Y!CFKUI`E%V,6(2`R>-N3\606,>6M'((/B[8,3LSF70T'7
MXOI*[Z(/%/<^=YN]K^O*-HHV^P8V?_BM1'-1.@G0N@LJS\D%M5?D@NJC\E!T
MF-R%B,6#=OC_`'#XM]W@@O:\D4S-IY"_=?BWW.HJ6`.SL@S-WY-S0:W#Q08&
M^UO+P^?Q009WUU=^:HKK')T156OB@IKGQ5%!>^*"V]KIW#NTXVY35I&?^R0D
MI2/4;V=PM`^G=O05I-->G)((EIX[7?514/\`WGVUNVA=:4GY-%'))_R"2#=5
MSU:^1Q4X[&X1W=62O-$&FOP*019W^2"?7<]K[G=VU\KOP=!YM'C[K>Q^6I^E
ME]4<638:W3+J$YVIG'0--S[F?5D5UV:S&.IXLJML9@)JP'U1J2VPCWOTP-P$
M#8G`VU<>?W(CB,=VW*'9.!$L=8'/QQS=,08H](PF*QU3B^D"(M#BB?Z3)FY,
M@['M2_=G[4=Z6,&I/58H:5:8Y`BD<69Q)S.,9-')W8B<-=S._%!CW73[ER?8
M-ZJ$019N>!FDK5I2<29C9Y(HY2&-_P`R)G!G=FXN@J#S>)DQ-B+M'"R09ZG3
MD]'%)CI*[UW869X]Q@(;]/I%B=B=D%6-WN*9VKXG(9:QAY;N,C*_:B*.T)RS
MD-R,7.('Z;1[=SN.@OR=%;J&3[H#+8&.Y9R$T+6[M(JP1$)F,5HPAM6)'C>.
M2/HBS$VX'_&.J(JPS??%BI4J=;(Q6XJ5.'(RM"0N-HLI'%.[$0;2+H;M7;5M
MO%%3JT_?M2X[UK5V[(-K+T*\%L6>(HJ\!RTI#+8/F*46'J._F9]$&G%7.\;=
M:A"V3O/'9R-2*Z71F&Q!OKS/:$I)H8A8>HPZ,+.P/\>*#U.G`=>I#`<QV#B`
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MW,>3H.J'#0CFCRWJ;3RG&T3UGGD>LS-IYF@UZ;%P^K35!`L=M%8[LDS$L@O3
MEQ98R2NVX3=SFZCEO9VT;;PX<4%/V_[<0=LYS(7L#TJ]6Z%*M'6E.Q)TJ]=S
MZ[#ND?S$Q-L?\*#YB_;.A@>Y+.9[?8*@R8UZ=>O))/((V"F*4I28S)G%]S</
M'7Q03\#VKEL5FCL?U,IL84;ZUB<G(YCVN9FSOLUWL1[F;<^[1^#,@Z2S6KV8
M#KV(QF@E9QDC-F(29_@[.@U8_&T,=7:O1@"O`SN6P&T;5_BZ"2@_/ON*+CWK
ME&?XR"_Z8Q6HCGXWXH)L+H+&L_)!;57Y(+FF7)!>4RY*#H,<Q$[;6UTYHJY;
MDR@T36HX7T-GT\608A<K2\`D%R_==]'_`%H/DK.R"%.@K;"J*NU\4%+<^*HH
M;WQ06/MH+OWE$_[L$SO^AF4I'L+P0.?4>,7DY;W9M?TJ*S0$!`0$!`04V1[K
MQU+,P8=XK-F[*(22C6A*48(I#<`DF<?H$B%V^[P06460H3,[Q68I&8WB=Q,7
MTD9]'#@_U?)!C:R5.M7LSR2,0TXREG`'8C$0%R?RMQY,@^8_)5+].I;@/\N[
M"%B`2\IO'(+$S[7X\BXH)(21FVX"8FU=M1?5M6X.W!!]0$!`0$!`0$!`0$!`
M0$!`0$!`0>%^[55X.\II--!LPQ2,_CHVQ_\`E5B5R`<U1,A=!85W06M5^2"^
MQ=>Q9/;!&YNW-VY-]K\F0=51QT,+,\Y]4_W`^EOM?XJ"XBG9F819A%N0MP91
M65NZT-4CUXN["WWH*SU[6!*+7\QF<H_GIS95%/:L?-!#;N#)5/\`"G=P;\!^
M<?T.@W1]]P_3>K./C+`^O_4+_I3!,@S.(OOI4MQG(_\`E&_3D_NGI^I!HN`8
M.[&+B_@[:(*2Y\510WOB@O\`VFJN>>NV7;A!78&?YR'_`-`J4CU911`0$!`0
M$!!QG>.$SUW.XZWAZ0Q7("B8,X%CI%%$TK%/!/!I^?$8<A_>?7AS0<GD?;G/
MM@[N%H8*B#E/D9H<F)Q#,<EB1YJLH:CK&XZ["+ZVT\O!%8X?MS)Y;*YN>GCX
M:\L&4R;6LIU`ZL_4J]%J;L+;G'J&SNY\&V\.*"=CO;_/P9FE/<@*<0AH]&U!
M8BB*KZ6HT$M=R>,I=AFQ/^66A;N/)$=1[<8+(83"2T;=..D`3EZ2,"`Y2BVB
MS'8*-F`I7=GU)FU)M'+S:H.K0$!`0$!`0$!`0$!`0$!`0$!`0>7^]F+=XL=E
M!;5@(JTK^#%YP_6SJQ*\K'FJ)<+H+?%TKEV7I5(2F-N);>0MXD3\&^]!U^-[
M>J5V8KLOJ)6_R(GTC;^8^9?V5!?QV&8&C`1CB'Z8P;:+?<R"1'.@DQS_`#05
MO<F2Z4=:'7B>Z1_L;RM_Q0<__5S`Q,"T,79Q?YLJ)=VU'+'':BX13L[Z-^$V
M^L/N?]2@H[4_/BJ*BU/S055F5GUU0*W=V>QS;:UPWB;_`")=)8_[IZ_J03HO
M<FG)H&4H/&_QL4R_6\4G#]!*"2&1PN3X8W(PRRORK3/Z>;^Y)HS_`'$ZH])]
ML,1-1Q%FQ8C>*:U,_E)M'V1MM']>JE([)11`0$!`0$!`0$&,<44>[I@(;R<S
MVLS:D_-WT^+H,D!`0$!`0$!`0$!`0$!`0$!`0$!`04W>&$;-=NW<>S:RF&Z!
M_"4/,'ZVT0?GNCC[]RR]>K7.6<7=C`6^EVX/N=^`Z?-:1U..[9H578\C-ZJ9
MO_2URTC9_`Y?C_8_2@Z".WMB:"(1@KC],$3;0^]FYO\`-U!NCG028YT$F.?Y
MH)$<Z#D.[\KKFY86+A6$(?O9M2_6ZHH3R+^*"PP66&64\9*3,%MV>N3\AG;Z
M?N/Z7^Y!JMS$SNQ<'9W9V?FSL@J+,_-!5V9^:"JLS\T%79GYJ"!'7LY"[!0J
MAU+-N0(8`;CJ9OM;]J#]D]O8>'"X*ABH7W!2@"%B=W?5Q;1RX^+\5%6"`@("
M`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(/->_<?/CKK20,T>-N.YO'
M&S`/6YGOVZ;G+GQ5B5S,<ZHDQSH),<Z"3'.@DQSJ"95F%Y0W/H#/N/\`E'S/
M^ID'DE_,%:N6+1/QGD.3^\3NRHB%?^:#460=GU8G9VXL[<V=OBR#J)\B.3Q\
M.5'3J&_1OBWX;`MKN^R4?-]NJ"FLS\T%79GYH*JS/S055F?FH/4O_CUV6>0S
M$O=5R/\`T>/<H:&YN!V";0S;_P`L7T^U_DBOT0H"`@("`@("`@("`@("`@("
M`@("`@("`@("`@("`@("`@((6:Q-;+8Z6E8^F1O(;<Q-OI)OL=!XOD*=O&7Y
M:5L=LT3Z?(A^!#\G6D?(YD$B.9!)CG028Y_F@U9S)^A[<REO70@KO%&_\<[M
M&W_,Z@\<>]HVFJHU%?\`FH-17_F@MNU>X8*N0*I</;CLDS5[!/RC+7\J;_\`
M6?/Y:H+')#-6L2UIVVS0DX2#\VX?_944UF;F@J[,_-02>T>U,IW?W!#A\>SB
MQ>>W9TU&&%G\QE\_@+?%T5^O,#@\=@L/5Q..CZ52I&T<8_%].9$_Q(GXNH)Z
M`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@YWO#MJAFZ\<3R!
M!DQ8GIR.[,1:<7!VYD/CX(/([E:[C[<E.Y&\-B-]"!_#X.S_`!9_%:1]CG02
M(YOF@DQS_-!S?NAE?3=LU*C/H=^VYDW_`(=8/_SD4'E17G\45J*]\T&DKWS0
M:CO,[.SOJS\T'=T<Q_7.W`NN6[(XK94R/[QPOPK3O]S=,G\6;Q055F;FB,^W
M>V<YW3EPQ>'A>68M'FF?5HH0^)R%\&_6_P`$5^I.QNP,7V?@7Q^/+6Y,VZWD
M"%G.2731BT?\(_A%03\;D\I%;'&9BOI9)G]/?@%WK3L+:OKS>$].8EP_==T%
MR@("`@("`@("`@("`@("`@("`@("`@C5\G0LW+=*"89+5%P&W$VNL;R@T@,_
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MRGN#L_-X,R.0'L4F?RVXF=V9OXQYC^Q:U%/'/KQU02`G0>:^\F9U[@I8UBX8
M^E'O;PDLN\Q?]5Q46//BOOXHK45Y_%!J*Z_BH-17'\4%KVIW4&#S<5JPSRX^
M<7JY*!N<E:7@;,W[P\#'^)D,>W]M>R'<>;R!/<D]%@P+6.\[:R6(GT("AC?E
MN%VXER51[WVQVI@NV<:./P]9H(6XR'SDD+]^0^9.H+=!\+=M?;P+3@[\M4'%
M]H8WNBOE7DR)V7\LC7RGD8X9#<ORW@%G?:S-]G!42[4\S>Z&.@:4FA+#6S>'
M<^UR:S79B<>6K,_-0:^S+XC:[K.W9TBBSDD493'Y08H*["`N3Z-J1<&\70>>
M=K2W\EFY:]C)G5#)5\F4UT;,DTLOIK0L!7:Q.(T^F'E9@=M6=VU9%=AV+EJH
MY8:%FU9GL])X<=U1(8VA9NOQ9R)V,P)B'=KH&UMVNJ([&'+O+F9\9Z&W&T$;
M2>O.-FJGKIY0DW:N3:\6VH/+JTIP]X]V9<XJMB7&7+!UII\A.$\?2H!(,84F
M_+,-WS;FZ*L__<GN."ELL159+LXXDXK,0$T,(Y0)'=Y`.4=W3*%V%]X[M6Y(
MB?C>[^\;V2@HM!2AFBH/>MB3N?4Z=LX'&,HY"$.I&&YM7?8_!]4%=2]Q^Z(L
M#8[HR%>.?!5Y*YS-!7FCD:":-^JT74-WE*"8@%R8=I-KH@]"P4N5FP].;+1A
M%DI8A.U#$SL`&7'8VKN_EUT=!.0$!`0$!`0$!`0$'F^5[=S=GNV\8U[`XZYF
M<=)-+#(43258L<<<NI`0EL:7:)-XH.=SV#[OM=M!6RM#)Y`BQY5<=!`9/T[8
M6I&WVA&0=VZ#I;2/5M&?7BBKF?'=XED2HD&1BACGS4AY"N0D+0VH7>IT=QLQ
M$+EY!?3:3?!!$FP.=EH]MW9<3?:2A!DZXPQSS%($LK"U6<P.9S$3VD^TR+9K
MH@G'V]W#C\?@IZ]>_?LOCK)YBN5J1B*V]**,0WN?Y9$8NS;/BB*RKV]W6;31
M2PY"""O%EX:5J-G.>*"R]0X`B:64I'^F1F8CW::\6?1%=_VX&;_V96`*[8S*
MM"0Q07"DLC&3$^QS=SZCLXZ/M<]S<M>"(G68,I)VU8@MO'/DCJRA(]<2",Y"
M!V\@F1NS/\R0<7F\?FW]K,7VY#0OODK.-@K$U5HMD<T<0,\-MS+RQ&^HR:?A
MUXH,^^<=E[W]'DK4;]<,-/+%9LXEHQMLTM38)4VE=Q*!S+8>YMW#[T$4>U<G
M6[?Q$88.)LG0H0O?V:D,C@["U=F8FWEIJ<FC^9FV,6A(/0L+8R-G%5I\C`U:
M[(#//`W(2_2^FK<=->')!-0$!`=F=G9VU9^#LZ#E\S[==O9$BEBC>C8+B\D&
MC"[_`#!_*KHY*W[79V"46KS16H')F)]7C-A=^+Z/PY>#IJ8_.WN7VA[B%W;F
M,I;[=R`5K%F0H)1A*4.B#[(]"CWM]`LHTX&>*_";A-6GB-N8G%(+_H=F16L(
M[LI,,5>:0GY",9D[_H9!?8CVY]Q,R0MC>W,A,)<I'@*,/O.38*#TKM?_`.*'
M?F1,),_=K86L^CE&#^JL:?)ATC;^\B:]S[$]A?;SL\H[->E_4<H&CMD;VDT@
MEXQAILC_`+(Z_-$UZ*@("`@(-;UZ[SC8>('L"+QC-M;>P$[.XL7/1W9N"#66
M.QY!(!5HB":1IIA<!=CD;1V,FTXDVUN+^"#`<1B0ELS!2@&6XVER1H@8IFY?
MF.S:G]Z#:-&D-KU8UXVM.#1O88!:38W%AWZ:[?D@W(*V7MKMR6\]^7%4Y+Q/
MJ5LJ\3RN^W;J\CCN^GASY()!XK%R120G3@**:,898RC!Q.,-=@$SMHXCKP9^
M2#6>$QGHY*M>`*@R5RJB=8!B..(M?*#BWET<M6^:#EL;[85:<`5O7$]+KU)9
MJ440Q02!2U>,7C9R9B,]I2$WU;6X(.W0$!`0$!`0$!`0$!`0$!`0$!`0$!`0
M$!`0$!`0$!`08R0PR?X@"?\`,S/^U!\C@@CXQQB'\HLW[$%?5R\CYJSBK<;1
M2L+3T39WVS0<&)VU_'&?`F\'9_B@LT!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`
M0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$%7W!B9;]4)*AM#DZ9]?'SOR&1F
MTVEI^"0=1-O!T&["9:+*8\+(@\,K.45FL7UPS`^V2,OF+_I;B@G("`@("`@(
M"`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(.7[H
M[GP_:EB.0:,UO)YDWTK5!9Y)>@#;C+<XCY0T;5!=X7+T\QBJN3IN3UK8-)'O
M;:3,_-B;X.S\'04`]YVW[4[CS7IH^MA)LC%##N?;(U%R8')^;;]O'1!*[E[J
MDPW9[Y[H@9=.`B:0G"&+KD(O)*3,Y-''OW%HVNC(.?QWN1FK>-KY`<;%8HA8
MGAN9&L9R53"`Q$I8#TU$-KD6LG#47%M7T0=MB+5VW0CLVX/323.YA!QW#&[_
M`);'_'MTW-\'X((W=>8EPO;64R\,8S2T*TM@(C=V$GC!R9G=N.CZ((!]_P"`
MBDFK2'(]RNVV:((97'K-6:UT1DV["D*)]1'7B@KL#[F8VQA\?=S#^CL9"(+?
M1CBG(:U:P6E<K1N&D6[EN+07YMP06,_N'VM`5II+$NE.9Z\YC!,0-,,PP/&Q
M,#B1=0Q;1O'5!]J>X/:]N;HQ33-+MF?8=><'ZE;_`!H="!OS@;B\?U:?!!K#
MW$[=DL8VO"UJ6?)V)JD<(5IM\4U9F>4;`.+%%L8FUW-\^2#"'W&[=:A4M6I2
M#U,7J3Z,<TX0P;RC::8Q#\L'<?J/1!.H]Z=O7<J6+KV"*VTLU=M8Y!C*:N+%
M+&$CBP$0B6[1GY(.=R_=/?6/[E/&R-AHJ#5)\D]R8K+=.K7E`"WLS:;]LFO#
M@@N__<'MCT7JNM-NZS5AI^GG]4\KAU69J^SJOK'Y]=NFWB@CXCO_`!]O+W\;
M:9Z\D%PJM(]DNR5AK!9T(W%A&1Q(GV:ZZ,@D5/</M2UCY;\=HQKQ10SZR0R@
M1QV7VPE$!"Q2=0VVCM9^/!!&D]P<:^0QP0NPT)QO/DIK`G#+5*C&$A#)&;"0
MOH?'<W)!+B[^[:DI3VFEF'TY1`58Z\P6">Q_@=.`@:0^KIY-H\4&-7W`[8LU
M1LA8D`3&L<<<D4@2&-R1X8'`''<6Z07'AR^*#HT!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!!4]P]JX7N"*&/)1$15B<Z\T9E%(#DVA;3!V)F)N#L@GT
M*-2A3AI4XAAJUP:.&(>0BW)D%$/9<`]N9S">J/IYR6]+)/M'=$]]R<F%N3[-
MW#5!EF^T9,KC8\:61DAJPPPM"(1@[C9K2!)%.^[7<S=/1XW\KL@CT>PPAQYT
M[.0EL^JMRY#)&PC%UK$HLPN(CPC`"%B86U\S:N@G=M=JQ87%SX^2P5R.P9%)
MO;8.A`P.S"SOINTU)]>).[_%!C:[,P[]IWNV<?&V.H7(98?RFW;.LSL1,Q.^
MK\=4$&?V_KRG(;W9&ZF1CR3ML'@4=)J?3^QV;=KXH(I^V4?HPHP926&E/1JX
M[,1-'&3VX:8=,'8GXQ$0.XEMUX?/B@GEV+6?$6<:UHQCL91LMO81U$FM#9:)
MF_=\FW7F@BVO;D)7,X<I8JS%=OWXYX1%C`\A"43L+_\`A[M6?XH-=#VW>A8@
MMU<F4=N"_-?$V@#9I:B"*>+8[\B:/5BUU9_%!A#[8O5H#1HYB:M#/3''Y32*
M,WL0`\CCMW?X1L,Q#N;7A\->*"=C>P*="[3LPVCV4K]K(0P[6T_U4#P=+777
M0!?@_-T$CN'LFAG;TUB[,?1L8RQBI:X,S:A8DCD>1BYL0O$VGP05D/MU8@"M
M8KY0(,Q3E*2M?AIPQBXG%T3"6$7TDU'\6K.S\M.2"8W8D3S=:2\9R/E'RYOL
M%F>1Z?I'#3X#IY_U((;>V55JU2,<A*,U"A2I5)V`-0EQ\SSQ6-'U9W<GT<7X
M:(/DOMA3N$<N3ORV[-MK?]2E8`BZQ6X(Z[;!;7IM$$([6X_/5!7=S]E9L:+V
MWO3Y/*3V*4<]Z.%@D@J4S.47AAA.,B/>?F(38O-PT9M$&6![8M7\[VY<R.&'
M%Q]O49'``=WC.><W"(.+N[].,'D?=JXF?/75T'HJ`@("`@("`@("`@("`@("
M`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("
M`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("
M`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("
%`@(/_]D_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>c71227006_v1.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 c71227006_v1.jpg
M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````/```_^X`#D%D
M;V)E`&3``````?_;`(0`!@0$!`4$!@4%!@D&!08)"P@&!@@+#`H*"PH*#!`,
M#`P,#`P0#`X/$`\.#!,3%!03$QP;&QL<'Q\?'Q\?'Q\?'P$'!P<-#`T8$!`8
M&A41%1H?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?
M'Q\?'Q\?'Q\?_\``$0@!"P'T`P$1``(1`0,1`?_$`)4``0$``@,!`0``````
M```````%!`8"`P<!"`$!`0$```````````````````$"$``!`P,"`P0$"`L$
M"@`$!P`!`@,$`!$%(1(Q$P9!42(488$R!W&10E*2(U05H=%B<H(S4Y/3E!:Q
M0W,DP:*RTF.#LS1T)?!$-3;QHV1%5287$0$!`0```````````````````1'_
MV@`,`P$``A$#$0`_`/U30*!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*!0
M*!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*!0
M*!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*!0
M*!0*!0*!0*!0*!0*!0*!0*!0*!0*!0*""]F9B>JTXLO,,1>4AQ"'$+YCZE;]
MR6U[@BZ=H-K$T'9`R67&=7C)Z6%A<<RFEQ]XY8#FP(<W$WO>X(MP.E!,5U=/
M_J%>.0EA9#ZXR,?=0E%*6BX)!-]NQ7#AZZ#-PN:R\U]$9YA+;C:M\EPMK;`;
M*?"D(6=V[?<7[DW[10,[U'+Q>7B,B/S\>IAU^>XBY=:0A2$AQ*1[24[_`!#C
M;6@[3U+&:R,I+[K8Q[3$9V.\BZE.*D%8`3MONOL&W:*#N/5.###3QD^%Y2VT
M)"'"O>VG<M!0$[PH#L(H)\KK2$4H5"W*2W.:B2E.-.)%EDA7+T&Y6G9\5!>@
MSHLZ,F3%7S&5W`-B""D[5`@V(((L0:"+B.J%3<I-8>;2W#2%NXU\&Y>:85RW
ME'\UP:>B@R6^K^GG$I4F7X5;""4.`!+OL+-TZ(4=-QTH.]?46&1(?CJD@.QD
MK6[X5;0&AN<`5;:I21J0#<4'4WU+C'G6>4^GD.)=6IQP+;\+2$K*D[D@%.U5
MR;T#^J\'R$/J?4EE:MJ7%-.I'9XC=(LCQ#Q'2@K4"@4"@4"@4"@4"@4"@U29
MU7/Q^0RD5[D2O*1P^TEH+;4A;C@;::<W%05NW7W)H*.,RN2+F1ASVVW9V/2A
MP&-=*74.H*D@)620;I*>-!%Q7665GL2"R(\IQ+++Y7%2XL1^:LI6TZW?<M;:
M1N\-KU1=P.4R&1!<>92RTTGEN:$%3X/BV@G1*1W]NG94$]SJ":KJB1C//0HK
M+"V$ML/)47W@Z@*5L.](]`TH*B^I<(B,B2N2$LK;==2LI5[#"@EP\/DDT'2[
MU=AF[[2\Z$`K?+;+AY2`2.8YX04ITT/;0<AU3BO/*B?6V2XADRN6HQ^8ZD*0
MGF#2Z@H6H.S']28J?,5$CK47`%*;4I)2EQ+:MJRVH^T$JT-!3H%`H%`H%`H%
M`H%!J8ZOE#J$070PEI4PP4P_&)5MI4F1KX2A5N[AVT'?D>I,BQ.EN,MLG%XU
MYB/,W;N<I3^VZD$':`CF)T(UUH.4#.9N1,,)V,EM]2PJZD+2&V4DAR^X^,Z`
M)4-"3Z*"KF\D,=C'Y82%N)`2PV?ENK(2VGUK(%!@P.J(IQ4:1DB(\Q;BHK\=
ML*<(DMW#B$A(4H@;2KX*#M=ZEQL=4CS;P0EE[E%2$N+"0$)7=PA-D^WJ>'IH
M*X((!&H/`T"@4"@4"@4"@4"@4"@DS\(_.R,=]^8HP8SJ)#<(-I!YK8.TEWVK
M7-[4&/#Z?R\:;.E?>H6N;N))CIW(-K-`**CX6^Q-J#@CI`)R29)F*5'3*,X1
M^6D+YY&OUOM;+GV?5PH.3O2:7)K4Q4M?.2L./KVC<I07N&PW^KT`0;7\.E!E
M9-N##FISLV0&(\6.MAS</!9U:#N)]!3:@F,=%04/O3<=,4TEU;3\`)"7&F%-
MA?ZL$V+:^:?#V=E!FQ.F>3-8G.RE/2VWW)#Z]B4AQ;C/(`"1[(2D"W&@X_TN
MKS*E^<5Y;SR<BAC8FZ7`25IWWN4JOW:4&7&PRXV-EPV9*D.2G)#J9&T;FU2%
MJ5H+Z[=VE!/1T-A8XBKQ[8AR8WA,A";J<0I!0XE=SKOO<^F@^JZ/;5"<B^;5
M9R#&@;]HT$914%VOQ5NX4'%71C'F9JT/I2U+$@A):2IQM<E!2M272;V\1-K>
MN@RIO3,>8U$9>=5RHT9Z(I*0`5I>;2V3?Y)&V]!BY#I7(Y""(DS+J6@)4CPL
MI2D@A.TJ2%6*DE/'T\*#8D!00D*.Y0`!-K7/P4'V@4"@4"@4"@4"@4"@@2>E
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MEEE\L.9&.$)"9#L>VU=_D`[1N`XVH/N3Z43/>,A<M27E*)4O:#9&FT(U\"D6
M\*N\D]M!VRH6)ZD;CGGIEXZ(\OFLI\3;KJ`4C<KMV*-].V@PY'0\;9(9Q[X@
MQ9"D.%A+86&W4`I+K2B04+(MJ.T4'*?T:9;<ML9!Q#4Q2U/(*0H$K90T"=1=
M2>7N!/?PH-A8;+;+;:E;BA(256M<@6O:@YT"@4"@4"@4"@4"@4"@4"@4'Q:$
M+24+2%(4+*21<$'L(H-:<P62P;BI/3=G(9.Y_!NJLV>\QEG]4K\GV3Z*"IAL
M_C\LA?(*FI3)VRH3PV/LJ[EH/X#P-!2H%`H%!@2L]AXKA:?EMAX6!92=[FIL
M/`G<K\%!T_?X7_VL"9(N"4J#7*2=;#5XM\:#D)V;4H[<6$)`&KLA`)/H"$N?
MVT'U<W.I22,:VLCY(DBY^"[8'X:#$>ZL8BR?+38RF7R`4MAV.I1OV6Y@(H,@
M=2XQ('F>=$4;#;(9<;X\/$4[?PT&=$GPIC?,B2&WT=JFU!5OAM0=]`H%`H%`
MH%`H%`H%`H->ZN`9=PV1&AB3VDK5W-R`6%?[8H*L_,8R!;S<EMI1]ELFZU?F
MH%U'U"@Q1FYD@_Y#%ONIT^MD6C(L>T;_`*P_0H/H'5#@-S"C7&@`=?()];(T
MH.0Q^9*KN94A(%@EIAI.O>=_,H.?W=DO_P"5>_=L?PZ#X<=DR#;+/`]AY3'^
MY0<1$Z@0$E.19=(]I+D>P/T'`10<=W5#:E%3<*0@*&P)4ZRHIL+WN'1>@^_>
MF5;/U^)=VWL5,.M.Z=ALHMJ_!0?/ZEQR!>2B1$T!^O8=2!<V]H)*=/AH,J+E
ML7*-HTMEU7S4+25<;<+WH,N@4"@4'3,FQ(49R5+=2Q':&YQU9LD"@U\-Y+J:
MRGTN8_I\ZI8-T298[W.UIH_-]I7;:@V*/'8C,(8CMI:9;`2VV@!*4@=@`H.R
M@4"@4"@4"@4"@4"@4"@4"@4"@4"@4$G,]-Q,DXB4A:X648'^7R+%@ZG\E78M
M'>E6E!A1>HYF/D-X_J5"([KA"(V3;N(KY[`2?U3A^:K3N-!L#S[##*GGW$M,
MH%UN+(2D#O).E!(&<FSQ_P"FA\UDWM/E$LQ].U`L7'!\``]-!!D0LIU(ER*U
MDI#D4JVOY)A1BQDV(NB,AL[WE=FY:RCX>%!F3,3%PT5C'8IV0<C*\$1D/;;E
M(\3SM@/`@:J/;PXF@E2<[@VFV\7%ZBDOY,N-QUREO*"`2JSCA(`;T`.G"]JH
MV'*8\L-Q>1-F%<B0RT"'S;:I5U\?R`:@ZYF/7%S$)*Y\WR<Q*V-I?59+Z1O;
M-^/B2%#XJ#ROKW%\CJ6:ME2Y4=24/&227;"VU6Y8O[*AVUJ(Z3UOU8D!#>3?
M:0E(2$@@VVBW%0)I@Q/O[(/Y)B;/?=D*:4"X6UF.XI/:.8UL5?TT'I.)ZYAK
ML8662XB]C`RWU3HOV(DH!!UT\0/PU,5M".IHK12G)LN8Q:C8+?`+!/Y+Z-S?
MQD5!70M"TA:%!2%"Z5`W!![0:#[0*!0*!0*!0*"9.S\6/(,..VN=D``3$C@*
M4D'@7%DA#8_.(H-3ZPD9:=C)T%U[=,#1>&+QX"N4&_K$JDR5VVZIX)"2>R]!
MT8O`NI++6.GR!/R3#;[KC*B6HD=S7F*<=WNN.KU2C>K7C:PH-FR\1..@%Q$N
M:_)64LQ6C(4"X\L[4))^'51[!<T'R3C58[".29>2EN/QHY6ZZ7E)"EI1<D`6
MXJX"@Q<#+P>2:8CL9U^5.Y0+J$R%)45`#>=NG;W4&;#QBG)T]I<Z84,.-I;'
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M`4*"XQ.6N&J=C.H8\N&D:F4&U(%[:*<:+12?A%!ELYO)!L./8[S#!X2(#J)"
M#Z0E7+7\0-!U3NML%#9NZXL2U$)9@K;4T^XLZ!*4N!':>/`=]!QA827D)+>3
MSY2MQL[X>-0=S$?N4H\'7?RCH/D]]!L%`H%`H%`H%`H%`H%`H%`H%`H%`H%`
MH%`H%!JG6_6?3V*B.09;:<C(>3M5CQM4+'M=OHE/X>X4&C9[)_TV\U%:F(S;
MK224P'@M3$%P^)):!40O;>P#A*A;B.%5&O3^L>I,HE0DY)U3:@4J:0>6BQT(
M*46JBK`]YG5<*(B*AQEUMI(0V7&QN"0+`>$I&E,'"#[Q>H6,LK(2%-RB\$-R
M$*0D$LH)^K01[`\1/P\:F&NP],=/9)R;+QV99B0$!*VVYGA4%N`J4WQO9'"X
M!H.+&=R_364BPW9Z<ECHRVY'*97S&R"#HA1U21?A5'I,G)P.J^DYCV+<4'$)
M*FPH;7&WFO&D$7TO:LJ\J>==Z8S21C)HEM%M#CK:A9M:7D[BTZ@$I5X3K6D9
M?3&,P/4,B5C'&CCY[I4]CY*7"M`2+?4%"@+VUUXVJ"?G>D.H,(-\^,0QI_F6
MSO;N=`"H<#\-41K;M+7OI;OO0>[]!/961TO'1EXZFW6[LH#HLI;2=$*4D^C2
MLU6L9GK#!X/-.Q,.I^*II>V2EM(<A;[^(<@D$6[2V4^NK@VS%]6Q7VF#-"8W
MF+"/+2K?$>)X!#NFU1M["PE79K4%^@4"@4"@ZI4J-$CN29+J66&AN<=60$@>
MDF@B+DY/+MK?#J\/A$I*C(59$IY`%RH;OU#=NT^+\V@P6G658YPXLC#=-L@K
MD9,"SSZ1?<IFX4JQ_:J\1^3WT&HS_>-'A2D0.G(S*<1>S[CR5;GU+T4I2B=W
MPJ/B-7$UNGNWBL1^FFT)`,I#CC4QVY)6XTLH!N==H0!M'8*BL+J#JO'P9QRL
MH*>CPE+C8N,G3G21<2'1?Y+8^K"N_=0>?]5]>Y3J)E,5UI$:&A?,#39)4H@$
M#>H\;7[JUB($*9*A2FY<1PLR63=MQ/$&UNV@WOICWGMX^*\<NE^;.D/;ENH"
M``VE"4)^;KX:F&NKJ+WJR,BP[$B04M1U$%#SJB74J0H*2M(38)(4`13#4'^N
M>I5R'')4KS;#^DB$\D*CK0="G9V"W=5P1IDER5*<?<4M16?#S%EQ02-$I*U:
MG:-*#IL*#DAQQ!);6I!.A*5%-[?!09#>3R3;:FT2W@TL66V5J4A0/84JN#0=
M:IDU6W=)>5L`2B[BSM`X`:T'1M2"H@6*S=P_./>KO]=!G8OJ/-8=T'%REM*!
MW*:!NT?ST'PT%=7765(<=+3+L^0-LF;(2'E%/8VVA7@;;'S0/AJ8,O#=>"*+
M2678S@U$C'+#841^TCKW,J]213#5R%[X5M.!$N*J2Q^V2`TZ-?E(NI!]1%,-
M;OBNL,!DT-J9D<I3PNTW(!:4JYMX-]@K73PDU%6:!0*!0*!0*!0*!0*!0*!0
M*!0*!0*!0:=G>K'IKC^+P$J/'4B[<C+OK`;:7:^QI/%Q?>H:)^&@TW-]+]+8
MS!2)K^5^],XX=R0ET)"G%FQ44`E2@.))-5&CJ5J2I6IU))U)J@B*Z^L>722X
M=+I%P?0KLH..Y2'"T\GENI-BD]_HH.5`L.-M:``!PH-_]T>5C0YN19DO)9:=
M;;6"L@`J2HCM]"JE(F=39+IMM[RC./1+R$)Q2%3.8I++C045-A24&ZSRRD<:
M03IV8Q"7X<[#P3`R#12X_994REQ!O=E)-]?2:H]5PG6G3W4>(=3/Y492KM28
M3ZTFX(&HX72;\:RK2OZ5B8SJ9C)1,A`.'CR4.A+KX"D-`W5NWZ>'X:NH]0_J
M'!_;V+'4'F)_'45H'5W2&#RN53/QN4BQC(5>>EQ8MZ7$`?*[Q5U%_IB'TYB,
M`O#RLA&F-.N.*>"E)*%)6=!M/Y(%_3450Z?E--9!_&198FX]+8?BK*^8MD;M
MJF5+-RI/:@G6VG8*#8*!0*#HG38T&&],DJV1XZ"XZH`J(2D7-@+DT&KL9/$3
M'?OG/38[33'UD+'K<24,`:AQT7LIX_ZO`:ZT`9;%Y]U+T^2TQA6R%1X#J@E<
ME0U#DA!X-CY+9X\5=@H+$S+=+R(3L:5+C+B+04NMJ6D)V6U[:#SC'=$],3'F
MIYRJ(N/<<+B("U!3G)!\`4LD$%8U(MH#:KJ8O(ZCA8QW/0(4QE#\J4VO&&X*
M;R6AO4!W-\M2C45Y=-F39CR4OE:RPGE--6)V(3V!(^,]YUK2,B;AEP\7&EO/
M-E^2X0(B%;EH;"2=ZP.%U6%!-H%`H%`H%`H%!\WHW;2H;NZ_?0<-ZEFS>B>U
M?XJ#FE"4BR10?:!0<FT%QQ#8(25J"0I1LD7-KDG@*#W/#CIF%T]%P\F7%E-,
MMA+@64J0I1U40#Z3I65<"<1$\6'S:(=K'RKK@?C&W9L6=R+_`)"A0?4]=08F
MU.8+30)V^<BKY[!/9N"?K&[_`)2;>F@V.++BRV4OQG4/LJ]EQM04D^L4';0*
M!0*!0*!0*!0*!0*!0*!0*#3L[U)CI84V]*,?`(7RY+[>Y3LM0N2TR$74&18[
MW.WV1VF@H=.YY<N($*Q#^-2A2&V$<L<OEN7+:DVMX=H&[32]!IT[HW*Y?([<
M[(WYN6L^6#)!:C0FCXG5)'SK[4IOQ/PU=1N6%Z%Z;Q48,HB(DN'5<B0E+BU'
MUBP'H%3549CL##8Q^0U'0VVTFZ66DA.]9-D(``XJ40!0>8=?="+AXM.<6XIZ
M6ZL*RJ#JD..FY6@\0E*CM^"K$>?76WQNMOO^4/A[ZH[`0H7!N#P-`H,F#D9^
M/>+\&0N,\1M*VS8D<;4'?,RLC(,.&?)6]+2X'&E+`.^X"%@D`6L$@T$^@K],
M=33>GLCYV.D.MK&R2P?[Q`-[`]A!X&@]J3U-TY(F(Q+[[8FOH250G1K]8D*V
M*N-M['A65=#L9_IT\^&E;^#'_<PA=:XPX\U@:DH'RF^SBGNH+K#T>0RA]A:7
M674A;;B""E22+@@B@[+#NH%A0*!0*#BZZTRTMUU8;:;!4M:B`E*0+DDG@!00
M8S*L_+;R$EHHP[!"\?&<!!?<!N)+B#\D?W23^<>R@V"P[J")F!]Y3V<(@'R]
MDR,HH:#D@GELG_%6G7\D'OH*DR7#A1ER9;B&([8NMU9`2!PXT'FD[K[IQCK=
M66:0J6PB`8S*V@05/!S<396T`;3MO5Q&JL]:YJ/GY.9CJ0EV2I16RM(4C83H
MCL.G>*HZ.H.JLSGG4+GN)V-WY;3:=J0%$$^D\.V@CT"@4"@4"@4'V@Q@W(.1
M9=5*2G$MQEMRL3=?,>>((*@-NTEQ92OF;O#;T5!WI!"4@ZD``D=]4?:!09>.
M>QK3V[(1ERF?FMN<LCT\#>@RW^F,NWB?O=+:'L9H2^VM*]H)M9:1JDB]C<4%
M;HCJC,Q<C'QPR19B.7;9;?3SF0X?82JY"TI)TNE6E2CU5'4'E5AG-Q_N]9.U
M,F^^(L\-'K#9?N<"?745924*2%)(*2+A0X$&@F2NG8+CQE1"K'SCJ9,6R"H\
M?K$6*'!?YR30=/G<_CR1.C?>,8<)4,6=`_+CJ.OPH4?@H*&/RF/R+1=A/I>2
MDV6!HI![EI-E)/H(H,J@4"@4"@4"@4"@4"@4"@U^4Z[GIKF.CJ4C#,$HR,E!
M*2\X#;RS:A\GCS5#\T=M@Y)Z-Q:.I6\Z@J0XTP&$1DV#0"1M20!PLG2W"@L3
M)<>'%=E25AMAA)6XL]@`O03\!$D!MW)301/R&U;C9_NFA?E,C\P'Q?E$T%:@
MC3!Y_/QH=MT?')$R3KIS572PFWHLI?J%!W]2P%3^G\A#2G<MYA:4)[U6NG\(
MH/SM90T4+*&A!X@]M:1UEL@[FSM/:GL-!R0X%':1M6.*30<@0;V(-N-NR@6U
M![K_`(:!0=T-"G)C#2&1(6ZL(2P03O*M+6&O;0;^<3U#DNNX;JX2;XIYMJ;/
M2`$NEH!?-6#KN4A0L*@]6J*UYYO^G)1E,W&"D+O,9%ML5Q9_7H[FU$_6)[/:
M[Z#8000"#<'@:!0*!0*#7W?_`.PS5,)-\'#7MD*21:4^@@\O3BTV?;^<K3@#
M0;!0=$^:Q!A/3'S9IA!6NW$V[!Z3P%!AX"`]'B*D2P!D9RO,3#QLM7LMW[FT
MV0/@H-#]Y756#R>,>QD62LRX<I`6UM(0YMN%6/:$'\-6(\GF*R@6RJ!CDY%8
M?"7DDK/+:*0=UD*3LWDJ^L/#;09G@!4$+YB$J4$.7ON2"0#?MN.VJ%!R2A:D
MK4E)*6P"XH"X2";"Y[-:#CW>GA0*!0*!0*!0?:#Y0*!0*#;?=M$;G9F1`D2B
MS$D1G$NQ=U@^5#:``="4WW=]2C;('N=QC,CF2<@^\E"KM)0$MD6U22KQ7(--
M,;(,K)QQ\GU"$+C.>!G*!-F'`=-KZ>#2S]!7HX5%<U8!Z$KG8%\0^)5!<NN(
MN_<@&[1]*/B-!V,=0I;>1%RS"L;)6=K:ED*CN*[FWA9-S\U6U7HH*]!.R&"A
M3'A*25Q9Z19$V.=CMOFJXI6G\E8(H,0Y/*XDVS"!)A#ADXR#X/\`'9&XI_/1
M<=X%!98?8D,H>8<2ZRX-R'$$*2H'M!&AH.=`H%`H%`H%`H%`H('4>7<#[>(A
MJ=1(?&Z7*9;<<,9@]O@2JSCEB&[^D]E!D0\EB845J+&8D-L,I"&T"-(T`])1
M<_#0=_W[!^9)_EG_`/<H(^2S,/(Y.-`"'S$BE,J>/+O:J2;QVB-E]5C?P^30
M6/OV#\R3_+/_`.Y0<7.H<>VVIQ:9"4(!4I1C/V``N3[%!,Z>R\;RCDY]N2)&
M1<,E8\N\=J%`)91<(^2TE/KH,G+=41(F+ER4)?#C32U-E<=Y*=P2=MRI``%^
M^@\"6M;BU..'<XLE2U=ZE&Y/QUI'&@XK0TK;S0HMA22OE^WLN-VST[;VH.F*
MC*IYYR2XZT%U/W2(Y;*O+^+=?EZAO;ML'/%N]=09%4*#U/W6"!"P[LJ3#=$Q
MYY1;?$=U=VMH"=BTI5IQX5*1L$S-P8.=CSPW(3'FI$26?+O@!P&\=9\'>5(]
M8J*L??L'YDG^6?\`]R@XN9K'.(4VXU(6A8*5I5%?((.A!!103^F9Z&9+V#)=
M+<=(=QSCR'&U*C$VY?U@!463X?S2F@V*@4"@U_J3++Y[>&BJ=0](&Z9)8;6X
M8\?O\`5M<<MM1ZSV4&5$R>*B1FHL=B0VPRD(:;$9^P2D6`]B@[OOV#\R3_+/
M_P"Y02,CF(F0RL6%LD&'%(ES/\N]XEI/U#9&V]MP*^'R108W7'6:,=@73"+S
M4Z00U'<6RXV$DZJ4"XD"X35@\:CQY<U_E1FG),APD[&TE:B3J>%ZJ/0,%[N\
M"F*ES/)EO2EC5EIB0E"`>*"0BZO3V5-%O+=)]%3<>F+'AOP7&_U4AF*_O'YU
MT>,?#35:?!]WR9*U+5D'$Q0XM"5IA2%+4E"BG<!MMK:FIC9<U*Q'2O2:HV'A
MEQQ]:&WES([FUR][J65I2%'31-!Y_(ZHRS\7RCG(\L&RRAI+#:0E!4%>&PT-
MQQXU1)H%`H%`H%`H%`H%`H/1/=NCIQ["SXLUI;TMUT%P-MN.*0A(^J6A38)0
M0HJL1K>I2-MA=4*QSR(.6+[K*R$0LH8[R>8HFR6GD[-'>XC17H.E15=W,XUU
MM;3K+ZVU@I6A45\I(.A!!1J*"(C)+P2AY)N7-PW!4,L/EZ,-/$RI2?&V.U!-
MQ\GNH*J<_@,G!W)2N;!D#CY9YQM8^@102T2Y.*_^D^8F04__`+9)9?"T#N8?
M*#H/FKT[B*"C`ZPQ4S>@-RF935O,0W8SP>:W<-Z0DZ'L(TH,S[]@_,D_RS_^
MY01DO,0,HR_B&)/EI;H;GP4QWDMW6;"0C<D)0I)]NVA3KQ%!M-`H%`H%`H%`
MH%!A9G)IQT!<C9S7B0W%8'%UY>C;8_.5\0UH.O!XQR%%4J2H.Y"4KG3GAP4Z
MH6LF_P`A``2D=PH*-!U2Y3$2*[*?5L980IQQ1[$I%S08'3T>0F&N9*3LF9!9
MDO(/%`4`&V_T&TI'PWH*E!)ZD)=BLXU!(7DGDQU6-CRO;>/[M)'KH*R4I2D)
M2+)`L`.``H(G6S#S_2>4:907'%,*VH3J3;4_@%!^?P;B]:0H%```O86OQH!X
MB@RL4TA[*P65IWH<D-(6@BX4DK%Q;TB@_2"4I0D(0`E*0`E(%@`.``K*L;*0
M43\>_$4HHYR2$N#BE0U2H>E*@#0=>$GKG8UIYT;)*;M2F[6VO-G8X+?G#3T4
M&=02^H(;SL5$R(G=D,>OS$4=JK"SC5^YQ%T_#;NH,Z'+8F1&9<=6YE]"7&U?
MDJ%Q0=U!C9.>UCX#\QT%264W"!Q4HZ)0/2I1`%!CX/'/1(RW99"\C,7SYJQP
MWD`!"?R6T@)304:#B\ZVRRMYP[6VTE:U'L2D7)H)?3C+AAKR#Z=LG)+,EP'4
MI0H691?\AL)'PWH,/KC.87%XA1R++<MQVXC0G`%;U]]CP`[30>*KSN5+JW&7
MS$Y@`4B*`PG:F^U/@MH+UI';%ZIZEBKWL9.2E7<IPK2?A2JXH/4.E_>=`RTR
M-CI#"H\EUOQ/*4GEEU(N0/AU(J8K/P'5?3K<.-#>R;'G5E:EH*@FRW%J64]P
ML56XU!7S^-AY7#R(4G86WT$-K7:R5V\"P>\'6@_.[C:FG%M*(4IM10I23=)*
M3:X/:*TCC0*!0*!0*!0*!0*#L96VA=W4<QL@A2;V.O`@]XH-AZ#9D'J:%Y;(
MHB+*P%@E04ZCBIL)M8[@.VE&?U;U?U.YG\GCT;C$"BR,>IH+!;0?:M;=XN.X
M>JI@]#Z?R>1C-08>62YMF-I,&6[[>\HW&.__`,5(!VJ^6/RKWBMDH(DW'3<?
M)=R6&2%\T[YV,.B7B.+C1X(>MZE=O?04<;E(62C"1$<WHOM6D@I6A8XH6DZI
M4.T&@Z,KA69Q;?;<5$R#`/EIK5MZ+_)4#HM![4*T/PZT'7B\RMUXX[(H$;+M
M@E30ORWDIM]:PH^T@WU'%/`T%6@4"@4"@4"@4"@4$2&/O7,KR"M8..*V(`(\
M*WO9?>'?M_5I/YW?06Z!01\Z#+E0<2-42'.?*_P(Y"B#^>X4)^"]!8H%!)3>
M5U*L_P!SC6`D>EZ0=Q^BV@?2H*U!U2GDL17GE>RTA2SI?1()X4'B_6?1JL5!
MAY=E1+$Q*/--JL%(?<3O-@--I-].RK$:W,QTB(U%=<VJ:F-<YA:#<$7*5)/<
MI)%B*HQ:#:.ANCF.I)+X?E\AJ-M+C2!=U85>Q3?0"_;2BEU-[L1A<))R8GE]
M4=0*6N7M!0I03J;GQ"]33'#W2'%_U$X)0O-+1\@3[((_66_*VVMZ+TI'LE12
M@DPO\KU!.B_W4Q")K0[EBS3O]B#ZZ"M0*"/AP(62G8K@WN\Y#&MN4^3S$CL\
M+M_I"@L4$62!D>H&8UMT7%`2)%]09#@LRFW>A-U^M-!:H%!(ZD47HS.,1?F9
M)U+"K<0R/&\K]VDCUT&N=5^\^#BG5P,6V)<QKP.+)LRV1V7'M$=PJXFO*<KE
M9^5FN39[I>D.=IT"1V)2.P"J,2@4"@6%K6TH.YV;-=9;9=D.N,M:--J6HI3^
M:"=*#IH%`H,@8[(**`F,ZOF#<WM0I04GO20-108]`H%`H%`H%`H,K%-S',I#
M;A+")BGD",M2@D!R_AN3Z:#]"PWX;[[B=S3F1BI0W++8NI"EI"MMSK8\165=
MF0Q\3(1%Q):-[+EKZD$$&Z5)4-4J2=01PH,#"SI3;R\/D5;Y\9(4U(L0)+&@
M#H_*!\+@[#KP(H*]!'RN,E-R3E\2`,@E($B.3M;EMIX(7W+3\A?9P.E!G8S)
M1<E";EQE70O123HI"QHI"Q\E23H10<<GBH>282U("@IL[V'VU%#K2[6"VUC5
M*A_^-!@1<E/QTIK'YE27$OJV0LFD;4.J[&GDC1MTCA;PJ[+'2@MT"@4"@4"@
M4"@F]02Y#$$,Q#MFS5IC15?-6YQ7_P`M`4OU4&%FLUBND<$SN25(;2&8C"?:
M<4D=I_"HT&K>ZW/9C*9;*JFONOME*70E2KM-J4H^%(.HTX6[!5J/2*BI&('F
MLID<D1=(6(<8G]FQ[9'YSI5\5!7H%!*Z<',C2)QXSI+KR3;78#RV^P?(;%!5
MH)G4RB,'*0"`7@E@;B0/KE!OLU^50?<[@(.9Q+F,D`H94!RU(T*%)]DCX*#0
M.J?=S(@]+QF\<I<YZ$ZXZ]X;+4AT#=L0+^SM&E74>;&X)!T(T(/$&J/3_=([
MAHN*R4QY]#<M"KR=YML80+I5;NN34I&RX_J;IKJU.0P[16MLH*%A8V<QM6A6
MWVZ5%>:26?Z'ZT24M&<U%`6RIX;"I+B=2DC3<FY%ZTCUSIOJ3'Y_'B9#)%CL
M>97HMM?':JWX*RJK02<V.3)QV0`/^7D!ETC]E)'+-_1OV'U4%:@4$G,CD3\9
M/&FQXQ7>&K<D;1?A_>)109\Z8S"AORWC9IA"G%_`D7MZZ#%P$-Z-CDKD@"9*
M4J3+M^U=.XIU^8+('H%!1H%!YE[Q>KW867>A0R4RVHP92[^RYYWNJ3^44)0D
M=VM6(\QJA0*!0*!0*"EA)&-2ZN)D6[Q9BFFUR!8+8`<!+B2?R;WH.K,8QW&9
M)Z$M0<#9NT\GV7&U:H<3;L4F@PJ#)3DLBAA#");R&6S=MM+B@E)]`!TH-IP7
M03O4$7GMNF!(Y3;FQU)*7-Q6DN#@H`E%Q4T874O0.=P2`\XD2XA'BD,`D(/Y
M:>(^'A5T:U0*#Z`20`+D\`-30?/1VCB*!0=K$25(W>796\4VW!M)41N-AH->
M-!O'2WNQS$G=,R($)(0HQF7!N67"/`I21[(2=>^IHQ.E^HLM@^M'V<D5/.RW
MO+Y$>THK!LEQ-N[^R@]IJ*FYS&.S&&WHI#>2AJYT%T\`NUBA7Y#@\*OC[*#O
MQ62:R,%$E"2VHW0\RKVFW$':MM7I2H6H,N@A91AS$S%YR(@JCK`&7C(%RI">
M$A(_:-CVOG)](%!;;<;=;2XVH+;6`I"TFX*2+@@B@ZYD.+-BN193:7H[R=KC
M:N!'_P`<#02H$J5C)K>(R+I>:>O]V3UGQ.!.I8=_XJ1P5\L>D&@MT"@4"@4"
M@4$.3!BY7J$HE,AZ/C6!L2L>$/R#J1Z0VBWZ5!BY3HO!Y22W&>@EF,Q9[G-*
M".8H[D\LVUL.-!0C=)=-QF@TQCF4)2+7VZGX5'4^N@ZLIB<%!QTF7Y%HEEM2
MTIVWNH#PCUG2@^8GI+"Q,9&CKA-%QMM(=)%[K(NLW]*KT&7_`$[@_L37T:#$
MR^&PD7%RY"8304TRM2/"3X@D[=!KQH.R#TOA684=I<)HK;;0E1*;$D)`)-!W
M_P!.X/[$U]&@FYK`X0*Q[28C*2],:!&VY(0%.$#Z%!2_IW!_8FOHT#^G<']B
M:^C0:KUUT)BY4-A>,C-Q<BMT-MJ0-B%[@5$+`XG30U91Y"M+K+KC+@4TZFZ'
M6S=*A8ZI4*J-BZ#G=/Q,WNS;:2PX@H:>7?8VLGBH#YPTOV4H]&R_1_3&2RL-
MIQD)9D1G2RM@[;J0M"@4+3WI4;]XK*I74'NPD+DQ6>GU(@0+$REEQSF;S\HZ
MW4-HL$WJZC.7[N75]2M9!4VV,;#:EPDA0"UH3M4"F^S:HZFFJMYCI;!/XJ6U
MY)H%32]JMOLJ`NE6G<1>H.S'X7"28$:083-WFD.':+BZD@Z4&1_3N#^Q-?1H
M,/,=-8E6+DF/$;1(0VIQA:4^)+C?C01J-0H"@^95QO*L8J"4[FLD4R)""-#'
M:2'5`CN4LH3ZZ#-_IW!_8FOHT#^G<']B:^C0?#T]@@"3":`&I)%!X;U3$#&8
M<>2UR6YR1+:38@;'2=EM3P2!6HB10*!0*!0*!0*"QC8;.6A.1$';E8J2N$@`
M?YA%[J9U^6GBCXJ"?'@3Y+@:CQG7'";!*4*X_%0>A='^ZR1SVYV?2E+2/$B`
M#N*CV<PC2WY-33&W_P!.X,=0A(@LA/D^`2!P=TJ*HGIS!$$&"T0=""G0T'EW
MO2Z8AXJ=&FP&0S%E@H<;0+(2ZBW`#V=R>RK$K1JH]3]VW0S0AN9/,Q$K<?L(
MC+R0=K?'?M/`J[/14I&/[RNB%AR+-P>/NBRFY3,9&M_:2LI'K%(/-EH6A:D+
M24+22%(4+$$<00:H[8,QZ%+;DLV*VS?:H72H=J5#M!H/:NDA@>H,,WD?NQIA
M94IMQNVX!2#8V/<:RJ5U6OIOIK,194G%M2(TQI2"A"$;T.M*!#B;Z^)*R%:]
M@JBOT^_T3GF5+Q[#2EM@%UA:-KB+]Z3_`&BH*_\`3N#^Q-?1H([G3V%Q^?;5
MY-KR>5NA:2G1$IM-TD?XC:2#Z4B@L?T[@_L37T:!_3F"^PM?1H(V/P.(@99S
M%.Q&E1GPJ3C5J&H`/UK'Z!4%)_)-ODT%G^G<']B:^C0=4GI3IZ0R6G(+8!L4
MJ2-JTJ'LK0H:I4DZ@C44''#3I34A>'R2]\Z.G>Q(/_S+%[!S@!O3HEP=^O`B
M@L4"@4"@4"@F88!4C*/[=I<EJ3<FY(:;0W_:DVH*=`H)6>!?5`@#5,J2@N@B
MXY;%WE?&4)'KH*M`H)?4:2YCDQP+^9?895J4^%3J=W#7V0:"I0*"9/.[.8MH
M*`VB0\4\5':@(^+ZR@IT"@FYT*Y4-Q)`+4Q@V(O<*7RR/B70<LAT]@\B2J=!
M9D+/%:T#=]+C0>>]<^[7'P<:]E<1O;3'&]^(3O3LOXE()U&WC:K*B!T[U_-Q
M+$*.XP)+$%3A9\6U6QU-BBY!X*U!]5,%',^]O-RVN7CV48\'VG;\URWHN`D?
M%3#7%SWM9\XEJ*VVA,].CLX@*W`=H;M8*[Z8:[(?OASK381*AL25#BX"ILGX
M0-PIAK:NC^O>G'\;#@NR!$F-H2VIIWPI*AIX5^R13%;H""`0;@Z@BH!`(L=0
M>(H-6Z.2EY^2X/$G&@XMH\+%IQ2G!M[.*!ZJ#::!08&?>4SA)JTWW\E:46M?
M<L;4\=.)H)/4_1$#-XEF-^JF0VPB'([K`#:JW%)M0>&R8[T:0[&?3L>96IMQ
M/<I)L:TCKH%`H%`H%`H.2%K0M*T**5H(4A238@C4$$4&?E.I,[DV4MSYSK[;
M=RE!(2+]Y"0+GX:#WKIWF_<&-YOZSRS.[X=@K*N+R=O4458)^LBO(6GLLA;9
M2?\`6-!2H,3*XN#E(+L&:T'8[HLH'B#V*2>PCL-!X%D,5]U=1+QLI04B-(0A
M;AX%LJ!W']`ZUI'ON/RF+G!8@26I`9L%AI05MN-`;5E670>*^]7&HA]4E]M.
MU$YI+QM\\'8H^NPJQ*UR%A,O.;0Y"B.2$+<Y(4V-P"[7LJWLZ:W-4>[]*X16
M$P47'+<YJV@2M=@!N4=Q`MV`FLJUKWK0\$C&M92:A;DYLAF&V%$(62K>4K`^
M38'4:U8B;T/!=Q_6CIC8QUN!-B-N-NDDH92XD.6W'V@5>$#C2CTVHJ?GH3LO
M%NH8_P"Z:L_%(T(>:.]'QD6H,F!-:FP6)C7ZM]"7$@\1N%['TCA0=]!*ZDCK
M5CC,9TE8Y7FXY]+8.]'P+;W)/PT%-EU#K2'4&Z'$A23WA0N*#E03<[CGI4=#
M\.R<E"5SH2R;`J`LIM1^:XGPJ^/LH,C&9%C(P69C-PET>)!]I"QHM"ORDJ!!
MH,J@4"@4"@FX`*,60ZJPYTJ0L`=@#JD#_9H*5`H);NUWJ:.D[3Y:(XX.U0+S
MB4@^C1LT%2@4$S-;5.XQLJVA<Q!V@V*MB%K`^-(-!3H%!-.Y74HL!M:A&ZKZ
MDN.BPM_RS04J!03\Y_VS'_E1O^LF@H4'Q:$+24+2%(4"%)(N"#Q!%!Y]UCT)
MTE%CHG6^[6EO)1(=0H[$)6%#<EO4>W;2KJ/)U6W&QN`2`>\=]4?*!0"`>-!M
MO17765Q$N/!>=Y^,=<2VIMTGZH*-MR%=@%^'"I@]NJ*EX`-!$_E@!7GI!=L+
M'=N^5Z=MJ"I0*"9U``N+'8*`L/RHZ"#PL'0LW[]$4%.@\ZZY]VSLY^7F,6X5
M2W++7!L++4!912J_M'C:K*C68_NPZA7Y=,A;,1^45\ME9*B-B=WB*;@4TQG_
M`/\`CF<\JI?G8_F1[+("]I'Y]N/JIIC1YT&5`F/0Y;9:D,**'$'L/H/:#5'1
M0*!0*!0;C[NNCCFI_GIB/_5Q%"X/!UP:A'YH^5\52CVH````6`X"HJ:\K=U#
M%0`;MQ7E+/8`M;83_LF@I4"@\V]X70\C(YUF5CEH$F:VK>RY=(6M@#V5<`HI
M/;W594??=5TWF\9/GR<A%7$;6VEI"'-"I05N)`'8.^E(](J*\A]XF9@YS-)Q
M3;)C2X#BF6Y;JMJ'"H#P%-O""JVU1JQ$_P!W^?E8'J,0I`+<>8X(\ME0-T.`
M[4*MWA1L?12CV3)9.%C8;DR:ZEEAL7*E&U_0.\FHKR-_KS/=13TXQ<:,J%-7
MRDQ%M[[;K@*W^UN'&XJXCU/"Y;'R(L6.F0R9@8;4Y&0M)6GP`GP\=/@J*IT"
M@EX!)93-AE.T1I3H;`X;'2'DVU/8Y:@J4'Q24K24J%TJ%B.\&@F=-%:<0U'<
M-UQ%.12>_D++:3Q/R4B@J4"@DX]`BY[(QDZ-24MS$)%K!:KMN_'L2:"M0*!0
M*!00,*WEG8'-CRVFX[CSZVDK84I6U3RR+GF)O?CPH,_RV>^W,?RZOXM`\MGO
MMS'\NK^+038;6:=S60(FL;F4,,J/EU6.BG/VO'ZR@I>6SWVYC^75_%H'EL]]
MN8_EU?Q:";.CYPYC&(\VPI0Y[@7Y<V2$M[3Q=[>8*"EY;/?;F/Y=7\6@>6SW
MVYC^75_%H)L>-G5YZ8HSF+M,,(`\L;64IQ7[6]!2\MGOMS'\NK^+0/+9[[<Q
M_+J_BT$WJ&-F_NIQ2IK)V+:6FS"@0I+J2D@\WL-!2\MGOMS'\NK^+0/+9[[<
MQ_+J_BT&A>]F7E&,=#@R7FWFI+A<*D-%NQ:&@N5KO?=5B5YC5"@`@\-:!0*#
M;\'[S>H<:PB*\I,J.DZ..I*W4I`L$@[DW]=3#5G%>\UA#DE4F08XD/%W=Y7F
M`#8E.NU[\FF&O0&49EYE#S4]A3;B0M"O+*U2H7!_6U%<_+9[[<Q_+J_BT$[,
MQ\V/([IK!_S;5O\`+J&NO_%H*/EL]]N8_EU?Q:!Y;/?;F/Y=7\6@G3H^;^]L
M8#-8*B7MI\NK3ZO_`!:"CY;/?;F/Y=7\6@\J]ZV-E1LU&ER%I=7*9LIQMLMI
MNV;6(*EZV/?5B5I-4*!0*"KTST^_GLNUCFE\H*!6\\1?8VGB0.T]U![;C\/D
ML?":AQ)4=J.PD);0(RN`[3];Q/;659/EL]]N8_EU?Q:":W&S:^H7CY]C<S%;
M&T1S_>.+.OUM_D4%+RV>^W,?RZOXM`\MGOMS'\NK^+03I[&:&4Q85.8W*6Z$
M_P"7(UY2O^+K04?+9[[<Q_+J_BT#RV>^W,?RZOXM!Y][U>GI*8C69=4TZZE:
M67UM-%LE"@=I7XUWL=*L2M/QO5+\&0B6Y"BS9C>WERY*5*<3M%@;A202`-":
MH]#R6(E=:X&$Z[-1'?*#*C1"T$.7(*1NNXKP$_*M45JG1'0V6R.0<DN+<QHQ
M[@VNE!)4\A6J0"4W`MJ12HU]$V5BNHURX@"I<62YL2$FRE!124[02=I[KU1[
MCC_ZBE08\EV0S'=>;2M;"HZB4%0N4_K>RLJTF?[SLMCNH)6-FI:3&C.%OGH9
M5S#;Y6Q3@%C\-7$973?6:,EG)S3601'\P$.M*D1]J5EM&U=OK?"=J1Q-,5M4
M"7-R#1=@Y>));2=JE-L%0!'8;.U!E>6SWVYC^75_%H)F+8RZ)^3C-S6`I#Z7
ME_Y96I>;2;_K!V@T%/RV>^W,?RZOXM`\MGOMS'\NK^+08D=N8GJ9`DO-OK$)
MS5MDM[0IU%KJ*EWOM-A06Z!0*!0*";T\@(Q:4)OM0Z^E`)O9*7U@#7N%!2H%
M!-Q2TKF94I.X"4$DCA<,-W'JH*5`H)CI*^HXR2H!+,5U83VDK<0G7Z-!3H%!
M-@E2LWE%;;)2([=[\2$%9T^!P4%*@4$'K:1);P#K40`S9"DHC`@$;DGF*)!^
M:AM1H+C+J76D.IOM<2%)OH;*%Q0<J#7?>#!5-Z2GM-MI<?2E*F`H:A86/9])
M&@H/"%H6A:FU@I6@E*TG0@@V(-:1P5L\/,)#.Y/.(O<-[AOX:\.Z@Z8:,PEM
MS[X3'1*YW^3$;EZQMAU/)NGE[MNPJ\7&I!WU0H%`-![]T*^7^D<4X3<\@)O^
M82G_`$5FJNT$'JJ2\VO$-LFRW)[*E^'=]6D^/CPX@7H+U`H)N421/Q3J20H2
M%H(["E;*R?\`9%!2H-5]YD"-*Z1ENNV"XFUYE=M0H*`M^D#:K!X=50H%`H/1
MO<S$"IV3ED?JVVVDG\XE1_V:E(]5J*4$O&67E\LZ`G:'&F;@W)*&@HW_`'E!
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M%]"C<DK4``E%]HMK51J'5?2DV#U%)APHCKT=:DKCAI"E@!P;MFE^!N-:H^]-
MY?.=)YM"'(ZVA)4VB3$>24E:"JP*;_*%]#0>[UE4V(H#/Y!!T468ZT@]J;N"
MX]=!2H%!-21_4BQV^31I_P`U5!2H%`H%`H)N`4?).MD%*V9,A"K]_.4H$6]"
MA04J!03<)_\`/_\`F/?Z*"E0*"9'\?44Q>T#E1F&M_:2I3B]/1J*"G0*"=CO
M_JF5_P`5K_H(H*-`H(SJ$9#J)32K+8QT<A8XCG2A:Q_-:3_K4'?TVM2L)$2L
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MPLV6H$)DO@()[0VFUQZR:E(N=3==XC`R&(SB5RI3RK*88VE2$WM=5SV]@[:F
M*V-"MR$JL4[@#M5H1?L-!,Z=LN$](!)\S)?=!(VZ<PI38?FI%!4H%!K\B*,M
M/S+85X6HR8+9N;!U:2ZHZ'B-S=!3PT[SV+C2CHM:`'4_-<3X7$G\U0(H,V@4
M$K"[69F4A?LI/.0--$2$A>EOR]]!5H&T7O;7OH(/3^/@0W\M."4MNN2G1(?-
MDW2E16"KLTWG6@C=1^]/"P&ULXM0GS;>!2?U`-_E+''U5<36JXGWM9YJ:A62
M2U)AJ5]:E"-BTI)XH(.MNXTPULN<]X&%QLE^?CW&YK\F,PEII"K`J"W"2X1P
MVI5\-,56Z/S)ZGQB<CD,>TV['>*6'+!:20/:;W#<FU[4&S5!.1_]Q._^&W_U
M7*"C0*"9"\6=R;FP#8B.T%=ILE:SZOK!04Z!0*!0*#7\9E4L.Y%@Q93BFYCN
MY3;*E)\5EBQ[?"H4&=]^)^PS/W"J!]^)^PS/W"J#`PF6;;B.`09=U29*E$,*
MU)?7Q]-!G_?B?L,S]PJ@??B?L,S]PJ@G8S,-G(920(,WQO(;!+*N#3218"^G
MB*J"C]^)^PS/W"J!]^)^PS/W"J";A<PC=/D>2E$ORW"%):4JX;LT+GT<OA04
MOOQ/V&9^X50<'NH6&65O.PY:6VTE:U%A5@E(N30?>FVG1C1+?%I&06J6ZGYO
M-L4)U^:V$I]5!B0,BF!,R./4P^\IN07T<EM2TAN0`X-?S]]!F_?B?L,S]PJ@
M^+S#:T*0J#,*5`I4"PJQ!TH)_3V<3]R1$&%+):;Y*MK2E"[1+9U_1H/&NK<>
MS#ZGEL,(6W'!YS;;B=BT\WQ;2D]W96D3*!0*#MBQ9$N0W&C-J>D.G:VT@743
M0>N>[Z/&PV%!5`EF=(4HRW`R3XD**=@/S4VJ56T??B?L,S]PJH'WXG[#,_<*
MH)\1"LHQG9"$+:5**HK27$[5@,M;-02;?6*509&/ZA#T".ZJ%+*EM(4HAA5K
ME(O;7A09'WXG[#,_<*H)^?S5\6Z40I84VIIP;F5`'ENI7;3OVT%#[\3]AF?N
M%4&)EI<?)8R3`>@S.7);4V3R%:7&A]1UH/!'F76'G&'4E+K2BAQ)%B%)-C<5
MI'"@4&Q=*]/-3UMRIS$AR"9"&4AA!4'#92EIW#AP%2CTCJ7+8C'])R88BRX$
M8M%B-L:4T`M0\"0KLN>-%>9]$8]R;U%&<4A;S<129,@(075$(.@MZ5=]6H]E
MF]1HCPWWS"ECE-J7=3*@-!?4UE75B,@(>+BQ509F]II*7#R5&Z[74;DGBJ]!
ME_?B?L,S]PJ@XN]0,M-+=<AS$MMI*EJ+"K!*1<F@=-LN(Q:)#PVR)RE2WAVA
M3QW!/Z*+)]5!AL3AB\Q.@*8>=1)(G1@RVIRP<\+H-N%G!?\`2H,[[\3]AF?N
M%4#[\3]AF?N%4$U>80SU"V]Y66E,N.IDH+*KJ6RK>FVOS5K[*"E]^)^PS/W"
MJ#BYGV6VU..1):&T`J6M3*@`!J230>2]8]9#(KE0,6M2<5(?\PXH[DJ<44)!
M38\$;DDV[:L1J54*!0;7T'UHKIZ8MF5N7BY!NZD:EM8_O$C^T4L'KC?4#+K:
M'6XDM;:P%(6&5$%)%P16582,RG[_`'5^2F?]JV+<A5_UBZ#/^_$_89G[A5`^
M_$_89G[A5!U=.N)D?>$L-J;+\M8LYHNS24M>(=FJ#I05Z!0*!0*";C"I.1RK
M2@+!]#B5#N6R@6/P;:"E0*"?@O\`L5_^3)_ZZZ"A0*"9T\-T)U^Q!DR7W?$;
MFQ=4E/P>%(TH*=!Q>=0RTMUPV0VDK6>X)%S03^G$+3@X9<]MU'.4+`6+I+EK
M"_SJ"E02.HO\R(F)23?(.@/`?9VO&[KV7T1^E05Z"4__`)?J2*Y<A,V.XPH=
MA6R0XCMX[5+H*M`H)&+?1$;RJ7U;6XDEYU1(`LVXD/WT[/&:#QCJY"U3H^0>
MTE95HSGD'BA+JU<E'J:2FM1$*@4%'`8.;F\HU`BCQ+-W7.QML'Q+-![A@NE<
M%T_'*H;`#H1];*7XG5`"YU_T"LJR.FV]F"A724E;8<(.INYXR3QU.Z]!2H.N
M0^AB.Z^O1#2%+4?0D7-!A=.L+:PL7F_KGDE][OWO$N*OH.U5!U=-_51'X!L%
M0)#C``T\!/,;-NSP+%!6H,+.,<_#3FMNXJ8<"4WMXMI(U[-:#OA/!^&P\+V=
M;0O7CXD@ZT'=0>/>]?I]4+,IRK2+19XLX1V/I&M_SDZU8E:+5';%BR)<EJ+&
M;+LAY00TVG4E1H/<H.(CXI/3V+0G<8Y=6H@7!6EE06X?TW/PUE7+KCI=[J+%
M-Q&'DL/-/)=2M=RFP!"A8>@T&+T#T:]TXS+,IQMZ3)6`%M@V#:/9&O?>]6BO
MU".<Q%@VOYV2TVL?\-!YKG8?DMD5!5H%!(ZC*GVHV*0?'D7.6[;LCH\;Q]:1
MM_2H*X``L-`.`H(_4),143,)O:`LB3;[,[9+I/YAVK_1H+`((N-0>!H%!*ZE
M0M./$YL$NXYQ,M('$I;T='K:*A05$+2M"5H(4A0!2H<"#J#0:O[S7)".C9I9
M-@HMI=_PRL!0JP>&U4*!0*#X562%E)#9"5!9M8A9*4GC>Q(L"1:@]O\`=<B:
MGI".9*MR%+<,47N0UNL!\=ZE5<1_]Q._^&W_`-5RH*-!\6M*$*6K1*05$^@:
MT$WII"DX2*M8LM\*?4+`:O*+G`7^=04Z!0*!0*"8P`WU'+3MMSXS+FX'B6UK
M2;COLH4%.@4$_!?]BO\`\F3_`-==!0H.J6^F/%>?5[+*%.&YMHD$\:#%P#'(
MPD%NP!#""H"]MRDW/'TF@SZ"7U*I1Q*XR#9R:M$5'_.4$*^)!)H*:4I0D)2+
M)2``/0*#[01<+_["?*S2M657BX_NY#:O&X/\5P?1":"U02NI`MN"W/;&Y6.>
M1*4D:$MINET?NU*H*B5)4D*2;I(N".T&@^T&E]5[E956$:N'.HDL(4H`:-L*
M5YDW&OZG:->^@USWP8A+$S'Y!I`2TXV8R@.`+>J/]4FK$KSNJ.^%"E3I;4.*
MV79#Z@AI`[2?]%![AT/TBWT[C2API<R$BRI3R>&G!";_`"4UE5?./EC#374W
MW)8<V[>.XI(%K^F@[X3`CPV&`+!IM"+7O[*0.-!W4$GJ4ER`W!3[60>;C'6W
M@4=SO_Y:54%8````6`T`%!)TB]3'2S>2C\>]Z,?]+;G^K05J#BXVEQM3:Q=*
MP4J'H(L:#`Z<<*\'"W;MR&PVK?[5V_`;^M-!1H-3]Y6*DY3!,Q(B`N4N2@LI
M)M<I0M1`/>0*0>2O]*]21XOFGL9(0QNV7*#>Y-AX1XN/;:M(]4]W_0S>$CB?
M-2%Y9].M]0RD_(3Z?G&I57UCF=2MW%TQX:E`WT"GG`-$_`V=:@IT"@D:2NI^
M]O&Q_B>DG^T-H_UJ"O0*"+B5#(9:9E#JRP50(>G8TKZ]?Z3@V_`F@M4'%QMM
MUM3;B0MM8*5I.H((L0:"3T^X[&4_A7U%;D#;Y9Q7%R*N_*4>\HL4*^"_;06*
M#XM"5H4A8W)4"%`\"#QH)732UH@KQ[I/.QKBHJK\2A.K*OTFE)H*,N)'EQG8
MLE`<8>24.(5J"#0?G[J?`O8',/8]U6Y"?&P[PW-J]D_".!K2.&)Z=SF7N<=#
M<D(2=JG19*`?SE6%!=RONRZAQV($]6R0XDDR(K-U*0BWM`_*MVVJ:--=6G81
MQ*P0`.)O5'1Y&.<K(RVUP3I<=,=YL\LQT^%*%*1\OV6QM21X3VZ5![A[HS(/
M2RN9^J\RYR+_`#=+^K=>E(V.*D'/Y!9N5)9CH22>";N&P]=15*@F]2.*1@Y8
M1[;J.0CA[3Q#8XV'%=!GLM(990T@60VD)2/0D6%!SH%`H%`H),]:(^>QSZBE
M*7FWXZEJ%M;)=2-W#^[/&@I>:C?MD?2%`\U&_;(^D*"=@Y,<0E@NH_[B3\H?
MMU^F@H^:C?MD?2%!,ZDF,#"2TH>0%.I#*=0K5U0;T%_RJ"DF3%2D)#R+`6]H
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MJ4CTSS4;]LCZ0J*E=12(KD)F+S6R)4EAH@D*\/,"U:`_-0:"KYJ-^V1](4#S
M4;]LCZ0H):5HG=2@H4%LXQB]P;CGR=.SYK:?]:@L4$GJ2[,1G(IONQSR9"K=
MK6J'A^[4H^J@HB7%(N'D$'@=P_'0??-1OVR/I"@E8-^.RK(12XA(9EN*;%T@
M;'@'A:Q[UF@J^:C?MD?2%!.RTF,7\;9U&DL$^(?LG/304?-1OVR/I"@>:C?M
MD?2%!*Q\B*O-95_G-':6(Z2%"]D-\P@F_>[05?-1OVR/I"@XJF0T)*E/MI2D
M$J45)``'$\:"7TV^PN"N>XZ@.Y%U4H@J3<(59+0X]C24T%;S4;]LCZ0H)V<R
M:VXJ8\!:5Y&:KR\3:0=JE`E3BOR6T@J/Q=M!G0(3$&$Q#8%FF$!";\38<3Z3
MQ-!WT"@D9^*^CDY:&@KFX^ZBVD>)YA7ZUGX2!N3^4!09\?)09$=N0R^A33R0
MMM6X"Z5"XXT'9YJ-^V1](4$9Z3'A=2M/\]`C9-KR[@NFPD,W6V2;_*;*D^H4
M%GS4;]LCZ0H(W53>/?Q:I"TLON0U(D("MJKI:4%+3K?B@$6H*K+N/::2AE;3
M;0]E*"E*=>X"@EYSJ=F$MN#!2F9F)()C1`L!(2.+KJOD-I[3V\!0:B[[O<$K
M)-JG2D/Y&>S(<?6A26F@^-A26FT\$IW\.WB:NC08'3V1F996*!;9DM**7E.K
M2A*0#8FY/B]`'&JCWG$Q\;C,='@1G$!F.@(3XA<VXDZ\2=:RK&QDB&K*Y9T.
MH-W6FRO</D,I.T7/85&@A^\SJ9W&89IK'3.3.DN@)+9!6&TW*R.-NP58.OIG
M*Y/-XO"-Y%2%ON/KDK6@BZF(H\"G$]BBZ4T&\5`H%`H%`H(_5##"X4=]]"7&
MHLIEU:5IW#:5<M6GH2X:#,^Y</\`8(_[I'XJ!]RX?[!'_=(_%03L%B<,Y#=_
MR<=13)DI5]4@D$/KT.E!1^Y</]@C_ND?BH)F:P^**L>PB"R"]+;W;6VTW2V%
M.FYMP\'"@I_<N'^P1_W2/Q4#[EP_V"/^Z1^*@E8'%8F5YW(&"QRI3Y$8%M%N
M2R`VD@6TW*2I7KH*OW+AOL$?]TC\5!*Z?A0Y&1D9IEAIE@A47'AI"4W:0KZQ
MTVX\Q:=/R0.^@V&@4"@@9>#";S\&?(CMO-2T^1?+B`NRB2MA6H-O%N3^E09&
M5BX'&XV5/>@Q^7&:4ZH<I&NT7MP[>%!"9Z:C0^BT//Q&59%L#(2%%L$\SF!]
M:-!>P%TV[J"/[V,#BVL9#RT1M##@<#!2VD)2M#@*@;"VHM5B5Y[A,:<GEX>/
M"MGFG4MJ7W).JC\54>VXS`X5C)S(R(3!:89C(;"FT*-@%C4D<:RJK]RX?[!'
M_=(_%02YN'Q+F=QL=,*/M;2])=2&D_)2&T7L+<7#Q[J"I]RX?[!'_=(_%0<'
M<5@F6ENNPHR&VTE2U%I%@E(N2=*#%Z4AH9Q9DAI+"\BXJ6MI*0@)#E@VFP`]
MEM*106:#BXVAQM3:QN0L%*DG@018B@U_IW&8SRCD"1#CKE8UPQG%%I!*D`!3
M2SI\IM2?7>@K?<N'^P1_W2/Q4$M.)Q3/4BVE0H_*EQ0ML%INP6PLI7;P]J7$
MT%3[EP_V"/\`ND?BH)^5P^(#V-M!CB\L`V:1J.4YZ*"A]RX?[!'_`'2/Q4#[
MEP_V"/\`ND?BH)?3N(Q3L!<M<%C_`#;[KZ`II)(0I9#8U2+>!(H*GW+A_L$?
M]TC\5!'Z@Q6+?\OB(\)A+N040\M+2`41F[%Y5[:%0(0/2J@KIPF%2D)$",`!
M8#E(X#U4`X;"@$F#&`&I):;_`!4$OIV%$DS7LXTPVS'<!8QJ6TA`+`/B>(`&
MKJA<?D@=]!L-`H%`H-71B\9B<P6'XD=6-R;BEQ75MH/*DK\2F22/9=U4C\JX
M[J"Y]RX?[!'_`'2/Q4&#FNF<;+QKS4:%'1*39R,OEH%G6SO1<VX;A8^B@[,7
M%P60@,3&\?'2'4W4@M(NA0T6@Z<4J!!H,AS!85QM2%08^U8*39I%[$6[J#48
MTEAV&QA,7CHTC/-)+,QYQE)9BALEOFO':+J5MNE`U/P4&P87H["8R*6S';E2
M'5%R3*>;0I;CAXGA9([DC04''(XC#)RN*!A1DA;CJ?U2-3R5&W#T4&D3_=+E
M#F&7FI+<B(](YDA2DAM3:-V[V>"M--*NICTG[EPWV"/^Z1^*HK1<KU%T_P!/
M1RI>*;ER9\B2ZRA3;:`EI#G+222G0>'051IG2O3[O5F9>9=?4RA+9=6^A`4$
M^(!*+:#MJH]5Z9PT&%D928:$I9@--0&UBVY:@.:ZI9`U-UI'JK*MDH%`H%`H
M%!C92()F-E1"+\]I:!>W%22!Q]-!PP\OSF*B2;W4ZTA2_P`ZWB&GIH,R@FX.
MW_L+?;'K_@H*5!+EV=ZBQ[8`)CLOOJ)!)&[:TFW9KN505*";U#*>8QJT1CME
MRE)BQCPLX\=H5V^P+J]5!FPXK,2*S%9%FF$);;'Y*184$O/O.2%LX2,LI?G`
MF2XGBU%3HZN_85>PGTF_905F66F&4,LH#;3:0AM"18)2D6``]%!SH%`H,/+P
M#/QST5*^6XL`LN_,<00IM7Z*@#0:[D9ZLZWA<6I&Q<UXO9-GYB(*OK4'T%X)
M30;8\TAYI;3@NAQ)0L=X4+&@\TZXC2Y?0L1205+Q#Y8FI'9RKM;C:WH/KJQ*
MA^ZO$(G=2^:6JR<>CG!/SEJNA/Q7O2D>KP5;LYDR`;)3'05$:;@E2B!ZEBHJ
ME02H/U^>R4FP*8Z6H:%"W%(+J]?^:/BH*M!'ZA49)C89!.Z>O_,[38B*W8O$
MGLW:(_2H+````&@'`4"@4$7*?^NRL;+#2._MAY#N`4KZAT_F.*VGT*]%!:H)
M.=^H>QT\#2-(2VZ>YN0.4?\`64DT%:@FYO</(.)-BB8SI:]PN[9'Q+H*5!A9
MJ48N(F2`;*;964<?;(LD:?E6H.W'11$Q\:*.##2&]/R4@4&02`"2;`:DF@C8
M+=.D2,XX"$20&L>D]D5!N%V_XJB5?!MH+-!#RZUY6;]Q1U68"0YEWDG5+2O9
M8!'RW>WN1\(H+:$(0A*$)"4)`"4@6``T``H/M`H%`H,>?!C3X;L22G<R\+*`
M)!%C<%)&H*2+@]AH)^&R,A#ZL/DE@Y&.G<T]:PDL"P#R?RA>S@'`^@B@L4$6
M*3C<\]$4G;$RA5)BJ!T#Z4CGMV[-P','Z5!BS\S.RLMS$=/K".4=F1R]MS<?
MO;:[%O?@3VT'/`8Z-@\I)Q3&[D26TS&EN$J6MP?5OE:SJI1.U7KH-AH)N94E
M+V,*C8><2+GO+3@'QDT%*@ZY+Z(\9U]?L,H4XKLT2+F@DXO"8^1AL;YZ*U(=
M:;2ZDNIYA2MP;U&ZA?BJ@H/KA8R"_(#:66&$*<6EM(3HD$Z`6UH.G`1'HV+:
M$@6E/%4B5_BO**UC]$JMZJ"A0*!0*!0*!02<'_EY62QQT##Y?9'9RI/U@M_S
M-XH*U!.Q:0F;E;"UY*2;::EAK6@HT$J`.=G,E).J60U$;/9X4\U=M>]T=E!5
MH(K5\EU`MXZP\3=IKN5*<3]8K_EMG;\*CW4%+(3XV/A.S)*MK+*;JMJ2>`2D
M=JE'0#M-!A8&#(;0]D)R=N2GD./IO?E('ZI@'N;3Q_*N:"K0*!0*!0:1A7VF
M^L<CE>4$X^>\<=&?!.DAG5PVX!+RP1<?*3Z:#=Z"/&;2UG,A"<`7'G-HE)0H
M73<#DO)UT/!!]=!YOC&<C@_>8<9`)B1I,G]3Q0N.05@:^B]NZJCT_'@_>>5_
MQ6O^@BHK/=<0TVMQ9LA`*E'N`%S03>F4*^Z&I+@(=G%4MR_&[ZBL`CLLD@4%
M2@C8(F=*E9I6K<CZB`.Z,T3X_P#FKNK\W;06:!0*#JE16)49V-(0'&'DE#B#
MP*5"Q%!.Z?DOI0[BIBMTW';4%PWNZPH?4O:_.`LK\H&@R\M!\]C),0$!3S:D
MH4>`7;PGU*L:!B)RIV-CREIV.+39UOYKB3M<3ZE@B@Z<Y^JA_P#F1_\`J"@H
MT$K/7?7`QX%_-24*=&EN5'^N5?UI2/705:"-U`XY+6S@V%6<G`F6L'5N(G1P
MZ<"Y?8GX2>R@L-H0VA+:$A*$`)2D:``:`"@F9K+.15,P82`]EINX16C["`D>
M)YT]B$?A-@-309&)Q;6.B!A*U.NK47)$A?MNNJ]I:OA_`-*#,H%`H%`H%!@9
M?$-Y!MM27#'FQE%R',0`5M+M;M]I*AHI)T4*#KP^8,I#L:8E,?)P])C'!-NQ
MUN_%M=KI/J.HH(&87/ZN0N'AU>6QL917][FX4X^BX"(Q%CMOHMSNN!07NF50
M#AHZ(,<0VV06G(@T+3J#9Q"NVX5VGCQ[:#AU#>-Y3*I'_8.W?_\`'='+=^C<
M+_1H*]!,ZA46X+;^FV/)CN+N;#:'4@Z^N]!3H)?4FY>*7&1??,6W&%K\'5A*
MKV(^1>@J````:`:`4$;-$39T/#IN4.*\U-`[&&3=*3_B.[1\`-!9H%`H%`H%
M`H%!K_4$")]Z8_(2&PXPH^2D@[O"'3=I?A(X.>'7YU!G?TYA?LP^DO\`'03H
M/3N%^^,F/*I`'(.BEZDH.IU]%!GN=/X)M"EKCI2A`*E**EV`&I/&@G=.].XE
MS%MRG8H#DQ2Y)%UBP=45(''L184'9FL;B(,+<Q#2[,?6EB&R5K`6\YHF^OLC
MVE>@&@[<;T?@X,!J.6`M3:;O/%2[K6=5K/B^4HDT&#B,3C\EDV\LS'Y>,B$_
M=UROZ]PZ&0056V)X-W'>KYM!M5`H%`H%!-ZDRAQ>$ES$#<\A&V.CYSSAV-I]
M:U"@QXG3,,=+-X&4.8T6`V^H&RBXKQ*<"AJ%<P[@>^@Q,#B\9(8<BS(R?O*"
MKDRP%+`4;70ZFY]EQ/B'K'90<<WT_AHSL">(P"6'PT^=R[<J1]6;^+@%E!]5
M!EGI+I=^6W+$5"WV04I6%*-@KOU^*@Z,7T_B7)>36N,D)$D-H2%+O9#2!<Z]
MI-!PZBP&'\@F*W'VNSW6XJ"%+)LX?K#[78V%&@IIZ:P:4A*8J0E(L`%+L`/7
M02<SAL8]*9P\)C9)D#F2GDK6"S%!LI5[Z*</@1ZSV4&SM--LM(9:2$--I"$(
M'`)2+`#U4'*@4"@4$/J;")F)9R##`>G022AG<4AYI7ZQDD$<1J@G@JWIH/N.
MQG360AM3(K`6RZ+CQ+!!&BDJ%]%).A'8:#`@8/!1<U.QRV4!#NV9&25JN.9X
M74^U\\;OTJ#NZAZ>PK>)==$,+Y*VG;;E$V0ZE2B+JX@`T%+^G,+]F'TE_CH(
M[6$P+W44I2V4):@,I8&Y:OUKOUB[75V(V4$W-=3^[[%R!'+1F.Z%8BE3B4@B
M_M;@DGT`U1K4?K3I6(5OJQ;DR7*4''U!9;2TC@AE&XDJV#CP!42:8FMH9S?1
MV02IC"QO/9-6T-1/K4"ZA?<M1T"$?+5ZN-JBMBZ>Z=CXEIQPD.SY)W2I&MB>
MQ#845;&T_)3Z^-!7H%`H%`H%`H.#[[$=E;[[B6F6DE3CBR`E*1Q))H-*GXI[
MK=UN4D''XB-?R<HI(?E$\=R;IM&/S3[?'2J,_#0<&I?W7,@-PLG'3K%05I:6
MVG^]CZC<V>[BG@:@XY'!XC$Y)N<J,/NR79F;XEV:=X-/FQX*]A9_-/8:#%S>
M8]W..0XS)4B0X04KC,%;RB"-0;*V_&:HP^FLUT&_CFVI4AIN0P2W=]2FE+0D
MD-KU5:ZD6OZ:#[E\W[MGL?,CLS&O,%M:6[<T^,`[;7T.M!G-YCW<E3#2Y<</
MO)20D+<VW5V%5[)]9H.W(XSII>>QD!2&1HY+*5.&ZB$[&@FZM22X5"W=4%AW
M`X!EI;SK"4--I*UK*E@!*1<DZ]@H,?I/'M-1GLB&N2O)*#J&C<E#`%F4:DZ[
M?$?RE&@NT"@4"@4"@4"@Q\C!9GP7H;UPV^DI)3HH'L4D]Z3J*#$P60?D1W(T
MTC[R@JY,RU@%&UT.I'S7$V4/6.R@QV\CBF>IIC2I3+;SD=C<V7$@E22YV$\0
MFWJH,#J[J_`1\1(83D&U/O\`U&QA0<6$J4$N&R3\E)-!IF;][.1<`CX-D0HJ
M!M0\Z`MTI`L+)-TI_#5Q-:_&ZXZG9FL3')AE.QM_*$A(6D<RV^W"V@M?L%7!
MZ/T])ZCZM@I>RS:(.&6`"TSN2Y+MQN2;I:/:!JKOM45NJ$(0A*$)"4)`2E*1
M8`#0``5!]H%`H%`H-=S7_L>IL5BAJS$ODY@[/JSLCI/PN$J_1H-BH(V>QV0W
MIRN&#9R\=!;#3IVMR&B;EIQ0!(L?$@]A]!-!Y'U;UGU)EGG(4X>1:95L=@M7
M2-Z>/,)U5\'"M(@PLA/@+6N%)=C+<3L<4THIW)/8;4&V]`]?-8!IR!D&W'83
MKA=0\CQK;4H65<'50-KU+!O7]4=/S,F,F<@U]V8Q@J2LJM=]^X/A/B)0V+6M
M\JHKH@>]'$9"8N'"ARGI"M(:-H'.-NW7ZL#M*NRK@V'"8QV&RX_+4'<E,5S9
MKPN1N^2VB_R&QX4_'Q-04J!0*!0*!0:OU)B.H8[4R9TS)#+T@;Y,-20H+6`!
MS&239#A3Q^=IVT'B#ZY"Y+CDA2U2MQ+JW">9O!UW$ZWO6D5(75W4<.$Y!:FJ
M7$<24EIX!T)!^:5:CXZ8.9ZVZM,HR?O5\.$@E((Y>A)`V6VVU[J8),N2_+EO
M2Y"RY)D++CSAT*E'MTH.H``6&@%!L72O1&6Z@=2M"3'QX/UDQ8T([0V#[1_!
M0>Q]/]*X3`M+3CHX0ZZ$A^0?$XYL%AN4?[!I655J!0*!0*!0*#&R.1A8V&Y,
MFNI8C-"ZUJ_``.TGL`H(#&/G=2O(FYAI4;#MD+A8A>BG2-4NRA^%+?9VZT&T
M``"PT`X"@P\GBHF192A\*2MI6]A]LE#K2[6WMK&H/]O;0>1]<=+=7PY#\V9)
M=RD)5@J4DD63W.,I\*0/0+58C3!:VG#T50H%`L+6[#Q%!D8]#+N3B)D!QQI3
MS27`W<NE.X"R/3W4'NDM7WY/.-;N<5#5_P"R<X)==38IC`]H!U=MZ$]IK*K_
M``H%`H%`H%`H%`H%!K'7/2;F;QZG8+JH^392>4I"B@/)M^J<L1<'Y-^!H/#I
M463&D.1I;2V9+9LZRZ++!]-_[:TCK";<-*#L88?D/HCQVU/2'#9MEM.Y:CZ`
M*#TOHOW6N-NMY#J!(W((6SCP0H`C@7B-#^:/74TQZ:````+`:`"HI0*!0*!0
M*#7>D;S7,EGE:_>3Y1%/_P"FCW;:M^<0I7KH-BH%!I_7'0,?.H,V'M:RJ$V!
M.B'0."5V[>Y564>.SH4N!*7%FQU1Y"-%-+N#\(/:/@JHZ+I^;^$T&9B,-.S$
MU,2!&YSY]I7!*!\Y:NP4'M'1W1$'IU@N7#^1=`#TBV@'S$`\$_VUE6RT"@4"
M@4"@4"@U;JSW?XK/7DH_RF1MI(2-%^AQ/;\/&KH\MS'0_4N*6H/05/LCA(CW
M<01\`\0]8JZB,F+*4L(3%=4OAM"%D_%:@NXGW?\`5&24G;!,5D\7Y)+8`]"3
MXC\5-'H&"]U."@E+V0)R$@:[5>%D'T([?6:FKC=D(0VA*$)"$)%DI2+``=@`
MJ#[0*!0*!0*!08.9S4'$1/,RU'Q$(990-SCKA]EMM`U4HT$K'86=DIC>8Z@2
M`XV=V/Q0.YJ-W+7V+>]/!/90;'0*!0"`001<'0@\+4&C=2^ZO%9`N2<6H0):
MKDMVNPI7YH]GU?%5U,>:YGI7/89>V?"5LX"0W=;2O@4GAZZHCI4G@0"?AM0<
M@4E02$W4=`D$DD^@4&^=$^[K*2I#>2GEW&LM>)C:=LA2B+;A<'8->)%^ZI:/
M5H,&+!B-Q(J.6PT+)3<DZFY))U))-R3QJ*[Z!0*!0*!0*!0*!0*"9FNF<%FD
M)&2B(?4@$-NZI<3?YJTV50:\U[I.DD/%Q0DNHN"&5O':+=GA"5'UFKHV3%=/
MX7$HV8Z&U&OH5(3XS\*S=1]9J#+E2XL1A4B4ZAAA'MNN$)2+Z:DT'U$F.Y'$
MA#J%1RG>'@H%!3QW;N%J#'3FL.N,F4F:P8ZU\M#P<3L*_FWO:]!DH>:6XMM"
MPIQNW,2#<IW"XOW7%!U,Y''O2G8C,EIR2S^M82M)6G\Y(-Q09%`)MJ:#&>2Q
MD<<XAI[ZF4VI"7V2"=JP1N0K4?!0<8;4'&QX>-:6EM*&PU&:40%*2TD7L.VP
MU-!ET"@^*4E(*E$`#B3H*#$R6&Q63:Y60BMR4=G,2"1\"N(]5!KX]UO1W.YG
ME5E/[+FKV?%>_P"&KIC8L=B\=C6`Q`C-QFA\EM(%_A/$^NH,J@4"@4"@4"@4
M"@4"@4"@4"@4"@4&&<SBQDONPR$"<1N#!N"1:^E]#IK84'R7FL7#F,0I#X;E
M2?U#5E$JUVWT![3VT`9O$DR`)2"8J@E\7]E2CM`]/BTT[:#OF38D**Y*ENI8
MCM"[CJS9*03;4^N@E8SI]:<BO+Y1X3<D=R8R@+,QVB=$,I-[$CVE<3\%!;H%
M!U29<>,A*WW`VE:TM))[5N*"4I]9-J#FVXVX@+;6%H-P%)((T-CJ/30<J!0"
M`18Z@\103IG3>`FW\UCX[I/%1;3?XP+T'V#T[@H!"H<!AA:?96E"=P_2XT%"
M@4"@4"@4"@4"@4"@4"@4"@4&'EY,:-CWG9+@9:`MSE(+B4*.B5%(!O8T&M8.
M)'F]('"27%,.242%(=2A2=[8>)YX019*5E0.P]GHJC!AXA^3%FY&65<R8ZEG
M'-L->7#J>7R2I32M^Q+O:3J$B^E!=Z0FA:'H1CJ0ZSXWWU$DJ<)*2%W`VJ\.
MB=?#;6H(K>0?QS\YC"I\VVE+KUUL*#\-:GAS`HD#FI5N4M(XZ=HJC*;SV20E
M3C4Q4S&,RHH7D5,A)+3FX/H.U(!"/#X@-+VH.MG+Y&1D(#TB>\Q"=>G-!*6@
M$.EMX)80JZ"?$B]O@H._HM[(L)QT)UQ2XKV.YX;4@)Y2T.)1M!`!U2KY7=08
M>=;SF0S$C+0(8>;PRTMP7%.%M6]H[I6UO:=_,2>7Q[*#*5F<S*G\R+*6B$_-
M8C,HY*?"R]%#I7=0ON"N_04&+*ZAZB3&B`OICZ24F8X@)2Z\P^6VT+&Q=@I`
MW$)`OV4&3*F9MW$9R8Z_=,9QQEF'R4J01M;(/B3N58J-J@[7,Y*;?RAE378[
M\<N)9QS3"5D,I("'DE2?$2-;[K#NTH*?2>1F38#_`)M?-=CR'60Z0$E2$GP*
M-@E))2>(%J"U0*!0*!0*!0*!0*!0*!0*!0*!0*!0:QF5/2>I\2VPEYPPGBM^
M.IDB.$J;4.?SK6W)W;0-W;PH.K,RW%Y*#D,4F5]Y+0EIN.IA7)<86\"X'5*3
M]64A)5>X-!CY.,O'Y,S(4-QYAIP@)7S%(YQN[9"$A1"=RCMTMO-^RJ,WJ5C)
MY=<#&L14%E2?-SVY6\,E*1M0RI2`;JWJW6_)J##@S,]!8QT::E[_`"'F(<Q;
M*%N)=(;28K@\.X@C2_SN-4=,>3U"Z8[3CLQ;\G&6*$H+89?Y))6M11M45KL/
M:!2=+6H.["IR<A4!@3,@B,W!+CZW$E+BI*'$`H)<1K;46[108S#^5F!;3J9;
MC'F\=(83(0HK1=_ZX%00@>':+@:)[Z#FUD,XT<2;2TN!T>:3R_J5,N25H7="
M47W)18W)%A8ZT&\U`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H
M%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H
M%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H
B%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H%`H/_V3\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>8
<FILENAME>c71227007_v1.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 c71227007_v1.jpg
M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````/```_^X`#D%D
M;V)E`&3``````?_;`(0`!@0$!`4$!@4%!@D&!08)"P@&!@@+#`H*"PH*#!`,
M#`P,#`P0#`X/$`\.#!,3%!03$QP;&QL<'Q\?'Q\?'Q\?'P$'!P<-#`T8$!`8
M&A41%1H?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?
M'Q\?'Q\?'Q\?_\``$0@!2@'T`P$1``(1`0,1`?_$`(4``0`#``,!`0``````
M```````$!08"`P<!"`$!`0$```````````````````$"$``!!`(!`@(%"`@&
M`@$%`0`!``(#!!$%$B$&,1-!46$B%'$RDM,5%E8'@9%"4B.S=3:AL<%B,R2"
M4W/PT>%R0U01`0$!```````````````````!$?_:``P#`0`"$0,1`#\`_5*`
M@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`
M@("`@("`@("`@("`@("`@("#INR68Z<\E6,2V61N=!$YW%KI`TEK2[T`GIE!
MYYKOS!WKM5+%8:V;?/OFFVI%5D$E9H#WO>^+F[S0UD;N):[J4%YN^YKDL-!V
MDLQ,BLTK&R%J6/FU[*S6$1\26\>9D]X^(`01M#W?MMCLJ-B3@S7;*>:I'1X?
MQ83!!YOF%^>O(M((QT!""^WO=>JTLT$%L3236&N?''7B?,[BS`)(8#@=4$;6
M]\ZC87HJ4$%UDLQ(:Z6K+&P8!/O.<,#P0:%`0$!`0$!`0$!`0$!`0$!`0$!`
M0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$'":&*>%\,K
M0^*1I9(P^!:X8(*"BJ=A=K5J4U-E/G#/,;#W/>\R!^3CC("'@-#B!U\$$JSV
MGV[9@97FHQN@C<'1QY<`WBP1X&",-+&@%O@?2@[X=!IX=F_:156,OR#BZ89]
M(#20W/$$AH!(&3A!67/[]UO]/L_S8D&B0$!`0$!`0$!`0$!`0$!`0$!`0$!`
M0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$&=N?W[
MK?Z?9_FQ(-$@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@(,[<_OW6_P!/L_S8D&B0$!`0$!`0
M$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0
M$!`0$!`0$!`0$&=N?W[K?Z?9_FQ(-$@("`@("`@("`@("`@("`@("`@("`@(
M"`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(,[<_OW6_
MT^S_`#8D&B0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$
M!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$&=N?W[K?Z?9_FQ(-$@("`@("`@("
M`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("
M`@("`@("`@(,[<_OW6_T^S_-B0:)`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`09VY_?NM_I]
MG^;$@T2`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`
M@("`@("`@("`@("`@("`@("`@("`@SMS^_=;_3[/\V)!HD!`0$!`0$!`0$!`
M0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`
M0$!`0$!!G;G]^ZW^GV?YL2#1("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("#.W/[]UO\`3[/\
MV)!HD!`0$!`0$!`0$!`0$!`0$!!TSW:<!(GGCB+6F0A[VM(8.A=U/A[4%=I^
MZ-3M[UZG2>9'T7-;(_IP>'?M,()Y#(QE!;H"`@("`@("`@("`@("`@("`@("
M`@("`@("`@("`@("`@("`@("`@("`@(,Y>>QG?>O>]P:QNNM.<XG``$D6224
M$3N?N&U7[E[:ITK&*]V8NL<,.;)&<-;UZ].OH5&N4!`0$!`0$!`0$!!YO6D[
MYV>WV][3;,"&G<DKQTK'6+@UOBT`>(*J)\'YEUF=O5+5YGE[&RVQ&&L&8Q-7
M&,NZY#7.PF"%+^:GD=L4+;XXY]K9\QEB%CN/E.9D!Y;[QZG&!Z4PUGMKI_S$
MLSU*DEBW=DFKBT.+BQL9?T>PNRT9'JR@V?;?>DE>M:I=RQC7V=5'`)9'NY%[
M9/=:XXSU)QX916=[HIN[K[ZAJZR5L]1E>)MNQ$YI:V%SRY^2#U]'3UHB[UVJ
MH:+\QXJ>OA%>K=USB(FDX+XW]3U)]2"5V/W);V6QW\%N8R-JV2ZL#CW(LN;Q
M&/0.**X?EMW-=W,>SCNRF:6O8+XGG'2*0GBWI^[Q2C:*`@("`@("`@("`@("
M`@("`@("`@("`@("`@("`@("`@("`@("`@("`@\R_-JXZILJ#P2!)4M0OQZ6
MR<1@^Q6)6;VNI[BU5/3[+92Q_#PM;!0;&X\VQEID&>@QXJB__*VZ-?M9-=;G
M=SV5:&Q5:]SG!SL.+@,YZ\5*1ZDHH@("`@("`@(.F[:CITY[<F3'7C=*\#QP
MP%Q_R09G\LZTS.VS<F`#]E8EN`>D-D=[N?U*T4&U_*2S.^[+7V(/-SY*5=["
MUC'2.Y.#G`NZ?($U,:S4=C]MZ\5YFT(3>AC:U\^"<OXX<[#CZ2IJK]!Y'^94
M3OOE%`T=-A#6C?[0)L*Q&[T'9>NT>XNWZ+N$-MC&,J`>['QZNP[.3DJ*H_S#
MN6=/OM'NZT0GE:)JPA)(Y&0#B,CY58C$#7]T:>]6@#I-?;WQ+)`".0!F\.F<
M?.RJ-EV'ISH.[MKIS-Y^*D$WF\>.23UZ9/[RE'H2BB`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@(.JY:BJ5)[<V?*KQNEDX@N/%C2XX`ZDX
M"#)Q_F1!+HF[:/7R,BEN-I5Q/-!&QY>2`_S0Y[&CW>N?2@MMYW-]EMKM%.2W
M:FBDL/KQ.9ED,#0Z5_)Q`/'D``/G%!TZ[O2E?V<5:""3X*R]\-/89;Y<LT48
MD>P-SR&&YP3XD%!B_P`Y6\MEJF?O12#];VA6)4[\TYJ3NUJ,4$\<KX)HV\6/
M:X@"-P\`4A7"W2KZ_P"X^S:P-FY0UIY1XN8^/W0?DY%!Z4HH@Z&7Z+[!KLL1
M.L-SRA#VEXX^.6@YZ(.]`0$!`056K[FUNRL;*"`N!U<GE6'O`#3T)+FD$Y'0
MH,%W#^9.PM:6T&ZHQ:V\)JU6^9/G8R,AO'U*XC?]KU_ANW-9#C'"M%T^5@*B
MK-`0$'GG>E'XG\Q>VVXZ/`+ODB>7E5'H:BHUW64+Q@-N!DYK2":#F,\9&^#@
M@C[+0:_8WJ%VR'&?6R&6L6G`Y$8]X>D=$%1W%V%KMQ>DV)LV:UQT0CS#)P:>
M.>.1C*NC)]E=V;*3<Z75RV'?#Q5IX;,9/+G)&7%CR3USQ;ZT18?E1N[=RQMZ
ML\KI6>;\3%S)<1YCG!P!/HZ!*1K-OW?VYI[+*NQNL@L/;R$>'..#Z3Q!Q^E1
M4G3;[5;FN^QK9Q8BC?Y;W`.&'8SCW@/6@GH"`@("`@("`@("`@("`@("`@("
M`@("`@("`@("`@("`@X3L?)#(R.0Q/<TALK0"6DCHX`Y'3VH,7J_R[N5-?M:
M[MC&)MM8?)8+:S'0&,\AT@)#1(0_J[V#T!!8W>S'S5ZT-?8R5C4@=2@DX->[
MX22)D<D;BX^\XF,.#_0?0@Y:SLJMK]E#/#9?]GU'OGIZ\M&(YI8Q$]WF?.<.
M.<#T$E!3][Z*3=]X:.HTL$<<4D\XDS@Q,DCY-`'I.51V][]BT[.G9%H]77BN
M&Q'S?"QD3A$20_KTZ=?!(.?YBUV5.W-:Z,8;0N5>'L:T\4@V@((R/`J#-=T]
MYC0;"C6=2DMLMMD<_P`GK(`S&.+/VO'UJCSG6WSH]]3[GOUY1]H277/AX\9.
M)=Q;@.X_O(CUS0[FMNM5!LJS7,BGSADF`X<7%IS@GU**GH"#X][6,<]YXL:"
MYQ/H`ZE!4:_NS1;2"U)KK3;!JQ^9*`'#`P2/G`?NH/-NU^U^\[>JFO:JW#7K
M;@'SG/+O,XA[O]IQGJJC>Q]CZR?MG7:78M,C*/!Y,9+09!GEU_==R*BM''&R
M-C8V`-8P!K6CP`'0!!]0$!!&FUM":[!>E@:^W6#FP3$>\P/Z.Q\J"2@("`@\
M/TG;6^O[[9/T[XXI]?/*TOE)`_B.>W`P#Z,K2+;N#\NK6KU<FPBM<(J5!@>(
MG.:]]AKO?)QCW.JFBX[$H5.XCN-QM*[+(MO96C;(,XCBC`(&?#Y4HG=H01:[
MO#N/5UVB.J/(GBA;T:WDS!P@VBBB`@("`@("`@("`@("`@("`@("`@("`@("
M`@("`@("`@("`@(,[M',B[SU,O[<D$\!]7%Q:[]>6!4:)05/=&A&^T\NN,QK
M^8YCA*&\L%C@[PR/4@INP+&T\_=Z_879+S]=:$,<LF,\>/\`AG"M'S<>_P#F
M5H6?N5;+_P!8P@A?F30%O<]LQD9$UIT)^0\3_HD18?E@\_=ET)\:]NQ%CU8D
M)_U2JUJ@XRO$<;WGP:TN/Z!E!Y!JN_-E5UFSCW-B29NQKRR:J1_O'EET98,#
MH/\`[*XB=K.PNZ*E&.;2SQ0#94&17V62[F'O&7AH#3QZ'HFCT71:MFJT]/7,
M/(58FQEWK(^<?TE14Y`0$!`0$!`0$!!3:#MN'3VMI89,97;*P;#@6@</]HQX
M^)02]YKW;'37:+"&OLPOC8YW@'.&!G'M00^S^WSH=#7U[W!\XS)8>W/$R/.7
M<<^CT(,S>WVK[?\`S'O6=C+Y,%NC"&N#7.]YKO4T$^`51OHI62Q,EC/)DC0Y
MA]8(R%%<D!`0$!`0$!`0$!`0$!`0?'O#&.>?!H)/Z$'CM2SN*+8>^HP^PR>W
M8;<A<\B-L+W<&=/E]BJ/8HWM>QKV]6N`<#[#U45]0$!`0$!`0$!`0$!`0$!`
M0$!!@_S!F?'N*/!Q8[X>0APZ$>^T?ZJP<ZW<DC(]#"VQQ:W(O#.?=!X@.S[.
MJ#4:WN#4[%[F59PY[?V'`M)^0.QE04':/\/N_NN']Z>&3Z3"J%WW_P`T=</_
M`%:Z4G_R>0@USHXWEI<T.+#EA(!(/K"@Q_8G_3W'<>GZ\:]SXB+/[DXS_HK1
M32=[=V;#N2QH=4ZO',VW*R*:1A<T0Q-_:\?2/'"8B-1[X[BIR;;2[*M-M+C7
M3-\ZN.1C<X<0.('_`!Y\$P:_L;4Q1]HZN*Y5'GLB)<V9@Y-+GEW@X9"56E4!
M`04VZ[DJT?X$(-FZ\EC8(L.<UV,CD/%!00=XVJVFA9,3-<D,S'RN.',+?F'&
M/65<%MH>Y:7V)%)L+C/B8VN$O-PYNXD]<>/4)@Z)>_J;:\KA6D9.&AT$<O02
M!Q\<C.`F"YTV]H[6(NK._B1AOG1D$%I</;XJ#ML[?6U;+:UFPR&5S>;0\X''
M./$]$$37]RT;^TFH5PYQB:7";H6.P0#QP?:@MD'&.:*4$QO:\-):XM(."/$=
M$')`0$%3W1IZ^STEZ!T37320/;%(6@N!`);@^/B@J.Q.[-5=T>OJ2VXV[..-
ML$E=YXO+V#`X@_.R!Z%:-:H"`@("`@("`@("`@B7-OJJ4T<-NW#7EE_XV2/:
MUSNN.@)]:"6@(,KW%WYVY3;L-<^T1?BB>WRPQY'F%GNMY8QGJK@C:;MV6Y^6
M$.H>TQ3V*I.'#!$CG&1N<^W"#AVWW-OZNPU^A[@U[:;IH"RK8#^1D=$`,$#(
M&0/6B-G//#7A?/,\1PQ-+Y'N.`&@9)*BJO0]V:+?.F;K;'FO@P9&EKF'#O`C
MD!D=$$'N_O2#MR:A&^'S_BY")0'8<R)N`7@>GJ4&D:X.:'#J",@^PH/J`@("
M`@("`@("`@("`@S=^-DG?>N:]H<TZ^UD$9'_`"1((7>6DUU/5LEI5F0RNF:T
ME@ZGD"`/UJP<;>GCU&STMUIQR='7G9CH'<<%V?;E!]TKVU_S(WM=YX.M5Z\T
M0/3D&C#BWUX0(GML?FI*8_?%37!DKAU#7/?D`GUX*#9*#R[N6MO'?F!<JZBS
M)3=<JQV+$T70\(6'T^UPPJCE^4FDL36;'<5B0/#P^!@.3)YA<#(]Q]J4C;:O
MMFOK][L]NR5SY-EPY1D`!G$=<$>/(]5%7*`@("#,]J5*UF>]M7QM=.^U*(92
M.K6CIT5HG1]I:5MN:RZ(R.FY<V2'DSWSDX"FCL^ZW;W_`/@B_4FB8[74'3LG
M=`PS1L\MCRT$AGJ"#*[RY)INXGS5(QYMRLV.-@&&^9SP'$#Y%1R@[9VVQVWQ
M&]+7,B:W'EXXR8S[F!C'M0232I:SNV@VM&V"&Q!(TM;T!<.J"%#WM=9?MMEA
M=8KESA49$WW@&NQDGTA,'WL1UB*]<KSM=&Z9C;`8X$'JXC.#Z\I1LU!'K["G
M8L3UX9`^:L0)FC/ND^""0@(//^].W]+IWZC:4*<=:2/8P^<]@QEKR?']*J/0
M%%$!`0$!`0$!`0$&%O?F)LIKT]?MW42;*&H7?$V3D,(8<'R\>/\`]=%<1&U/
M:<W<TFTV_<M%U>:Z&,U\3G8=%&UO0M](.?6$%Q^6=LR=J002OS+5EFKG)R?<
M>?7["E5JR0!D^`4'F?;7:5/N;52["W(YD[]K+9=*`"9(V'CY9SZ"JCTP``8'
M0!16'_,NT=;8T.X#.9I6GY;G'(.C^;GV\58BD[C[YN]P:9FJU5$S2WJX=?$9
M<]\!,@;Q``]GB?04P6L\%/MWO?22$LK5;5%U2=Y(8POB`+2X]!ZD%;WQ4?NN
MX=O'$QTQU>K!A:P%Q,LCP\8`_P!I0;#LKN2'=ZK+8I(9Z?&O89)C/-K!U'R^
MU16@0$!`0$!`0$!`0$!`0$&=N?W[K?Z?9_FQ(-"YK7##@'#QP>O4(*CNJA9N
M:OC59YEB&5DL;00"2T^WV)!DH=M/<_,;4RV:XK3,AL5GL!Y=0"[J546O9@#^
MYN[)L=?C&1@^QK"BM@H.)BC+BXM'(CB78Z\?5E!"T>CH:6C\%1:YL'-\F'N+
MCR><GJ4$]`0$!!TWIO(I3S?^N-SOU-)05?9T/E]O52?G2ATCOE<XE*+I`0$%
M;>T5>YM*E^5QS4SB+`PXYRW)]A062"OW&CI;:*-EGD/*=R8]AXN&1@^M!V:O
M4U-;5;7K@EK23R><NRXY/5!`W6@GM6VWZ5IU.VR-T;G-&>8\0#U04&N[JM_&
M4A/,XQQUY6V6NQATK>1#C^H*X.KMC:P:R[8FV4GEB[$R9KB"<ESB?1GUI4:O
M9=R:B@>$\X\YS.;(P"201T\`<9]JBNS1;7[4UL=O@(W.+FOC!S@M./%!4_F/
M1?;[1N&,$RU>%F,#UQ.#O\LJP76FOLV&IIW6'+;$+),^TM&?\5!,0$!`0$$>
M384(K3*DEB)EJ7K'`Y[0]WR-)R?!!(05>T[AI:[9:[7S->Z;9R.CA+0"&EHS
MEV3X=<()MS84:48DN6(Z[''#72N#`3C.!E!CNXN[-A>^R:_:UF%XVSIXO.D:
M<`Q``^/5N.OH51H^UM$S1Z2OK@_S)(P732XQRD>>3C^M15J@P]W\K*4MZU>J
M[">I8EE\^KY>.$+R<NZ9][)]H5U,5.MTWYC7SLHY-S/6?2D,,`E;AE@]>H..
MC<>GJ@VG9VDL:7MZMK[+F.L1\W2F/);R>XNZ$X]:BKI!0][=MO[@T;Z,+V1V
M6O;)!(_/$.:<'..O5I*#OT/:NETK>=*JR*R^-L<\S>67\?'Q)QD]4'SN?M?6
M]Q4!4N\FF,E\,K/G,<1C](]801.T.T7Z`VY)[CKUFV8PZ9S>)#(F\6M\7((/
M;0-7OON6D.C)A!;`]KVX/^:HV*@("`@("`@("`@("`@(,[<_OW6_T^S_`#8D
M&B0$'E>XNUM=W[4N6'^7#'>D;(_!.&O8!Z.OB54:3\O"))NX;(.1-LI<'UAH
M"56M,T(E;"7M$K@7-C)'(@>)`4'-`0$!`01ZVPIV9;$4,@<^J[A..HXNQGTH
M*?N;=:_[%LQ06&2V)F^7%'&X.<2_IX!46VKKFOK:L!'$QQ,:0?00T94$I`0$
M!`0$!`08'1]M5=E?V;+1>V.O*6-\L\3DN<?4?0JB[[@[?U[=79LL83/#5$,9
M)R`V/J#CUX'BBHG:VFK[#46+%Z/S)+KBWS#\[@S`'$^CJ$HE]JL%*[M-4,\*
M\HDA!ZG@\?\`X2B_LPMGK2PN&6RL<PCV.&%!E_ROE+NTH87'K5FF@QZN$AZ?
MXJT:Q0$!!B^\.Y+6N[K[?J13F.M*\FY&,8>U[A&WE\AZJC77KM:C3FN67\*\
M##)*_!.&MZGH.J@\CW6T.S[AD[NI9=K=58J01/(QR!/OGKU'SO\`%5'KEB[3
MK5S9L3,AKC!,KW!K>OAU/K45Y?W7O8+O?VHFIR-GJ:^2!CIHR',YRR9.".G@
MJC0]_5J^PW?;.LGC$L,]J1\T9\"QC.H_2D53:O0/U/YF5M>PDZ^-D]RDPCHQ
MLC>+FCY'=$1Z<HH@("`@("`@("#SSN_3]XL[L^U.WHG\9((VS2,>QH=Y3B?+
M<'$=#T51>Z/=]Y6ME'!L]&VE3<UQDLB8.+2!EON^THKK[H=O3W#JAJ+!9/%7
MMSFHXXAL\#$/*D]60X\7?LGV94&;G[@W.XHVZ&H^-;=N;*=Y:SBRQ5@JQQ\F
M$2N:UH\_##UZ@NP@F-VVZV$E:O`)XAW((Q,YI/\`T)ZAXWX\Y]SDUN&?[D'H
M0&!@>A`0$!`0$!`0$!!G;G]^ZW^GV?YL2#1("#)#3T-MM=_KKK.4,WE'(P'M
M);G+7>@JBTT^HTG:^O-:&8Q5Y)2\OL2`DO<!TR<>AJ@SLF^@/=C-G*2-?$'U
MXI0"00&]2,?[BJC8:S:TME`Z:H\OC:[@XD%O4#/I^514M`0"0!D^""AG[V[?
MB\QHG+WLR`&M=@D>HXPK@S.MVD]"/:"PQPN7V,?!%^T739Q_@Y$7_:_:<=",
M6+T<<ES(=$1U\L8\/E2U6E4!`0$!`0$!`0=4%2M`Z5T,;8W3.YREHQR<?24'
M.6..6-T<C0Z-X+7M/@0>A"#Y!!#!"R&%@CBC'%C&]``$&8[DUNX@LW-MKIVP
ML=`T3`9\S^'U]WH0J-%K;/Q6OK6,Y\V-KB?:1U4'G&K[PH]I6MUJK,4EB1NP
M?)!%$!GRY!R+B3@=%4='>O?3MUI71:JG;95CF9))L"TMC+8^N.3?#WL>*2#T
M2?>4:6B9MKDG"L(F2.<`7'WP,``>LE17G=W\V=S\,Z.35QQ"W$759`]W(L?R
M:UX&.O57$UT[KLBKI>U:6WD=,[:LDK.L\WES!R>"X!I\,(-U^8$W#LG:R-_:
M@P/_`"('^JD5VUNW]=>[2KZJ>/C7GK0B7R\,=R#6GEG'CD(/.^Y]5LM'*.VV
M<YM'L[4$E.29W-S7-</,8/U]<JHV.S_+G4_8\]75/=0>;#;@>WWSSB:0Q@SX
M-&>B:K/=K;"QMM_VN^U*Z>S6J6W3R/.7%X>6`G]&$1ZAP9S#^(Y@8#L=<>K*
MBOJ`@("`2`"3X#J4&"V-O>["H=T)A%1J3DUHVY:_'(-R<=#^E5&AU'==3971
M49#)&7-<Z.1^`U_'QPF*O%`0=-FY4JAIL3,A#SQ:7N#<GU#*#N0$#`SG'4>!
M0?`Q@<7!H#CXG'5`#6CP`'7/3UE!]0$!`0$!`0$!`09VY_?NM_I]G^;$@T2`
M@S^O]SO':,/3S((GCVXZ*CAW#"R[OM30F`?7<9)9(SX.XCIE!U;[1Q_$Z:"G
M6XUF6#YK6-]UK20XEWZD$GM<".YN:X&&QVR6CU!PR@OBYH\2!\J@^@@C(ZCU
MH,UN.ZH'">AKHI+EES'L+HAEK'?-_3X^A7!9Z34Q4]55KRQ,,K&#S"0">1ZG
MK\J@[Y=1K);;;DE9C[3<%LI'4<?#]2"6@("`@("`@("`@("`@ZK<(FJS0D9$
MC'-Q\HP@QO;_`'!LZE.A7DJL^`\X5?B2XAW+/J]BHV$U&E-S\V"-_F-+9"YH
M)+2,$$_(H(MK1:V;22Z=D(BHOB,0BB]P`>S'M0>;FPX_E**Q)+OC?A.O_P`^
M54;.WVAY_=&IVP=&*VOKF&2`@\BX`^66^C`Y**D]\:JWM>V+E*G&);3PQT+"
M0W):\'Q/3P"0>8;FWW57-SM*::;933NA<[.9'!@8'EL8\0,^/R*H]HJQ^76B
MCQC@QK<?(,**A[71:[:24Y+C"YU&86*Y!+</'KQXCV(+!!YQV+VSL]?WELI)
MX7MI5!+%7G>.+7^;('CAZ^GBK4>CJ*((UO9Z^FX-M6(X7.')K7N`)`]00<Z=
MRO<K1V:[N<,@RQV"/3CP*#N0>?6-OMV9VCK,CX)K$]85`<,`#<-P/TJHTU#1
MN=VK'J[!,,DD6)",$M<X\D5`W-*#3_8EB+I%3E$,C_#+9![Q/Z<E!+W>UM3S
MP:K4O!L6F^8^TT@MCBSU<"/2@B1FYI-[4BN[*2S3M1O!?.<-:]OAXE!7=Y'X
MS8SECN3-=5;(<'(Y/>/]"D&WK/\`,K1/_?8UWZQE0=B`@("`@("`@("`@("`
M@SMS^_=;_3[/\V)!HD!!GY_X7>U8CPLU'M/RL.51]M^]WI0'_KJR._6<(+]0
M9-NUIZ7N/:_&/+8[`BD9@%Q)(P>@5%'4QNNX75G/>ZG/8DGZ.(/$-/AZD1;:
MON"IIZ-O7VY7>97FECK#!<>/B,GY459]F4*\6F@M"-HLV&N,DN/>(+B0,I1?
MJ`@("`@("`@("`@("`@(""B[R@SH9)(Q@UGLG&/]KNO^:L%S7E$U>*8>$C&O
M'_D,J#L0>65>V>[9++-'-1$.F;M'7WW.32>(=R`'7P_0JCU-11!7LT&L9O)-
MV(S]H2Q"!TA)(X-]0]!]J"P0$!`0$&9V9N;3N'[.J6Y:L-6'G9DB/[;CT'ZE
M1\U_9%5@LC8/^+,GNP29(<QOCGKX.RFCCVKN-=3U/PUNS'#)#-*P->[!P'>.
M$HGW>[M)5E\E\Y<\M#FN8TN;APR.H4P1NTJ5:?00.L1-D_COF9R&<.YG!"M&
MC4%3W3K;&PT\M>NT/GY-?&TD#)!]9]B0?-)VW0U9$T0=\2^,,E<YW(9Z$X'H
MZH)6UT]':0LBML+FL=R:6GB0<8\0@KW=J4H=7=IT<LDN-#2^4EV,>'MPKH=J
M6[KX;5*X]KY:$H@#FC'NAO1*+U0$!`0$!`0$!`0$!`0$&=N?W[K?Z?9_FQ(-
M$@(,_N?X?<VEE_?\V+];51U:]\]WO"Y8\L""E&:W/.<N)!'^J#2J"MOZ/7V+
M$EV2+G9,+HFD]0!@]<>OKXH,[V#J7!S]F]S2W#H(V=>0<".15HN:G;44>\N;
M*?A*R?\`X8B,\2<<B<]/0@NVM:T!K0`!T`'@H"`@("`@("`@("`@("`@("#H
MO566Z<]9XRV9CF'](05G9]E\VCBCD.9*SG0/]?N'`_P2BZ0$!`0$#*`@R>P[
MCL2]P4X:KGLH0V!!8D'1LDCNA;^A4:Q0<9)&QQN>XX:T%Q^0#*"A[,BY:^:^
M_K->F?(YY\2T$AJM&@4%&.T-0^[:LV&>>;+N36.Z",GQXX]95T1>WNUOA1?B
MV$398Y7".!SL.)B&>O\`M\4%]0HUZ%2.K7!$,>0T$Y/4YZE02$!`0$!!G]3F
M#NK;U_1*V*<#Y1@_YJC0*`@("`@("`@("`@("`@SMS^_=;_3[/\`-B0:)`04
MW=&F=L:(="";E8\ZP!XY.1D']`0<>UJ-^O!;FOQ^59M3F1S<@],#U907:`@Z
MJU6M6C\JO&V*/)=Q:,#).24':@("`@("`@("`@("`@("`@("`@S_`&L/+M[F
M#T1VW$#V/&51<7]A4H5_B+3^$7(-S@GJXX'@H)`.1D>"`@X/L01R1QOD:V24
MD1L)`+B.IP/2@YH,ELM?+M.[)(HK+ZKJE=CVRQ]2'$^K(]:HCR;G<ZR6SJ/B
M#9O&:(4YI6Y);)\[*"7)VQL(]"R!LL?QT5DW'2=>)=U/3HFCHFVNSV&MTK8[
M3J]F[,^.:6+W?F9'@/4@AN-G:[&AI=D9//JOF;8D!+2]F,M=GV@(C<5:L%6O
M'7@;PAB'%C1ZE%=J`@("`@("`@(,UO9?LG?5-P_/PLS#6M8&2/VFGHJ+/6=Q
MZG93.AJ2ETC6\BTM+>F<=,J"MWG><.EWD5*W6>:#JIL3WH\O\IQD$<;71M!<
M0]QP'#TX]:!H>]*VPAA%^!^MNV+$U:*K('/PZ%[FAKI`W@'N#,\<H/OWZTS[
M==L4G.E-#)+\46R-RYKHVL9&TM!D+_,Z<<H.VSWSVU7,K39=(^*1L+HXHY)'
M.<^3RO<#6GGQ?[KBW."@C]W]W2Z*2BR*.!WQ;+$I=:E=`,5V-?Y;,->3(_EA
MH02(N\M5,R$,)9.Z2*&Q#*'Q^3))CE&YY:6<V<NK<H.3N]>VV56VGVBV"1Q;
M&]T<HY!HY.D:"W)C#>I>/=]J"Z\V+RO-YM\KCS\S(X\<9SGPQA!R0$!`0$&=
MN?W[K?Z?9_FQ(-$@("`@("`@("`@("`@("`@("`@("`@("`@(,M?J;_4WKNU
MH^5/5G<))ZY!Y<6M\?T>Q45.[V^UW>JEGBJAFMKR![I0[WLM'@0?_P!O0B-Q
M4F:^C#,3[KHVO)_\<J*J])W37VMN2O'`^(L87M>X@AS0[CTPK@KNZ;0B[DTV
M?"-W(_\`FX-2#3VK,-6M)8F/&*)I<\^/0*"@[6F9>V6VV;,F.61D<)(Q[K6J
MT79UM!UT73`PVP.(F(]X#P4$DC(P@P>CAF^\4&M>/=ULMB3/L?X?YJHUCM-`
M[=LVW(B5D1B,>!@Y_:S\BBK!`0$!`0$!`0$!!\>QCQQ>T.;ZB,A!%.JH_'17
MA&&V(6N8QS?='%WCD#Q0<3J:QW/VL2XV/A_A>&1PX>9YF<8\<H*D]CZ_XZ.V
MVU9!BM.NMBY-+!*^5TI(!:<9YD''B,(.4W8^HEKZZ(OE#M3$8Z$P<.<;B6D2
M@X^>WA\GCD(.EG8.LC9,R&Q-$'R":`L;$'0RB7SN3'<.1'F=>+B0@N9]/7GV
M%"_*][Y]>R5D6<8=YP:'.<,>/N>A!$E[4ULL$L$CI'13W3L)&Y'60^+/#YI0
M0INQ:<U>K#+<GD=1Y,IRR"%[F0/:&.APZ,M<W#1U<"[VH-%Y$?P_P_\`_/AY
M?H\,8]6$'8@("`@(,[<_OW6_T^S_`#8D&B0$!`0$!`0$!`0$!`0$!`0$!`0$
M!`0$!`0$#Q01)-51=0EHMB$=>8.Y,9[O5W4GI[4&3AMS0]BRQQO+96S.K`CQ
M]Z3P_454<KVOO4=WKJFI<()9*GE>8X<@`TDN)\45RVG:=N+727'V9K^RC##'
MXG'%V7!H\2FB)-)W-M;AT5JPUC\"29P;Q''B#Q=Q\?']:(W5>"."%D48`:P!
MHP,>`PHKL0$'4*M86761$T6'-#'2X]XM'HR@[4!`0$!`0$!`0$!`0$!`0$!`
M0$!`0$'QSFM:7.(:UHRYQZ``>DH(%+N+17JEBY3OP3U:A<+,S)&ED?`9=S.>
MF`$'V]O]-1K06KER*&O9P*\CG8#^0Y`CV8ZY0<HMWJ9=E)K([4;K\3>;ZX/O
M`8!_R(*"JN?W[K?Z?9_FQ(-$@("`@("`@("`@("`@("`@("`@("`@("`@("`
M@P>UTLM/=TJ4=A\E6]/YSHW=&AX?D]!TZ!5&\P,YQU'@5%$$5FMJ,V,FP:S_
M`+4C!&]^3CB/8@E("`@("`@("`@("`@("`@("`@("`@("`@(""/L:[;&OLUW
M0ML-FB?&Z!SBQKPYI!87#P#LXR@\UU?9?=-SMK;ZR9[]=3=/,ZE2G$4TDHP\
M"*:3`#HN1:6D]?T(+J[HNX_@M<&5&6YZFOEUDK'R,8UQL01`SCQ`#'L+7#Q(
M\$#0=I[G7[.C7F:U]/76)[8V7,<YO/@\H1\/G`@DY)Z8`03-_K;%[O+6LBM6
M*0;2L$V:W$'_`)(_=+G->WJJ)7W4V'XBV7TH?JU`^ZFP_$6R^E#]6@?=38?B
M+9?2A^K05FQTVZK;;54XM]L7P7GS-L2$Q$L$<1>W!$>!DC'546?W4V'XBV7T
MH?JU`^ZFP_$6R^E#]6@?=38?B+9?2A^K05F[TVZHG7BOOMC)\5=BK39,1XQR
M!W)PQ'TQQ\2J+/[J;#\1;+Z4/U:@?=38?B+9?2A^K0/NIL/Q%LOI0_5H*SN/
M3;K6ZLVJN^V,LPEAC#"8G#C)*UCCAL>>@=E46?W4O_B+9?2A^J4#[J;#\1;+
MZ4/U:!]U-A^(ME]*'ZM!6]R:;=:S26KU7?;&:Q"&F.,F)P.7AIZ-CSX%467W
M4V'XBV7TH?JU`^ZFP_$6R^E#]6@?=38?B+9?2A^K01-QV_MJ>INVX.X-E)-7
M@DEB83$0YS&EP&!'DY(5'90[;VEBA6L2=P;)DDT3)'MY0C#G-!(P8_6H._[J
M;#\1;+Z4/U:!]U-A^(ME]*'ZM!QE[6V+(GO'<6R):TD#E#X@?_&@@]O:3<;'
M1TKUG?;&*Q8B;)+&#$T!Q]&'1Y"HL/NIL/Q%LOI0_5J!]U-A^(ME]*'ZM`^Z
ME_\`$6R^E#]4@J-!V_L]K0CO7=UL&6HIIV1_\0XM9(Z,$!T>?>:U46_W4V'X
MBV7TH?JU`^ZFP_$6R^E#]6@?=2_^(ME]*'ZI!4=N:K>;*.^ZUO=C$:MV:M"!
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MJ;#\1;+Z4/U:"%7@W&M[SU]([*Y>HV:MB286.#FA["T,ZL8W'BJ->H"`@("`
M@("`@("`@(&0@("`@Z77J37%KK$;7`X(+V@@_K0=WB@("#I?<IQN+'SQL</%
MKGM!'Z"4':US7-#FD%IZ@CJ"$'U`00;6]TU2]#0M788;M@9AKO>&O<"<#`/K
M/0>M!(IW*UR`6*T@EA+G-#QG&6.+'#KZG-(0=R`@@['>Z;6RPQ;"[#5DL$B%
MLKPPNQXXSZ/:@D5;M6UYOP\@D\B1T,N,^[(S')O7U90=R`@A[/=:G51QR;&W
M%49*[A&97!O)WC@90=E;84K4DL=>9LKX.'F\3D#S&A[.O@<M(/1!(0$$79;3
M7:RL;6PLQU:_(-\R5P:"YW@!GQ)0*FUUUR4QU;#)W"-D_P##/(&.0N#'!PZ$
M$L*"4@(.B]?I4*LEN[.RO6B&9)I"&M&>GB4'33W6INOB94M1V'31NFB\L\@Z
M-C@QQR.G1S@"@FH"#KLV:]:"2Q8D;#!$TOEE>0UK6CJ22?!!#I]PZ2[\/\'=
MBL?%%[8/+=RY.C;R>.G@0WK@H+!`0?'O8QCGO<&L:"7.)P`!U))*"MJ=S]OW
M&1OJ7X;#991788W!^97`N:WIX9#20@LT!`05</=/;DXE,&Q@E\F1L4OEO#RU
M[WB-H(;GQ><9\$%H@(""K=W3VZV2W']HP&6B"ZW&UX<Z,-^=EHR?=]/J06B`
M@(($G<&CCN2TGWH!<@89)JW-OF-:UO(DM\>C>OR()D$\5B".>%P?#*T/C>/`
MM<,@_I"#F@("`@("`@("`@("#"QZOM\76N'9=ML@E!$Y;!@.YY\S_GSC/7P0
M;I`0$&-OUM(;UATG94MN0R.YVA7IN$ISU>"Z0..?'J$&QCQP;AO`8&&^KV=$
M'U`09+<U].[96'3]GR;*4D<[K8*CQ)[HZATDC7''AU"#3T1&*4`C@-6,1MX5
MB&M,8QT9AI+1Q\.B#N0$&9VGP5;:7B[1W=C]H10LMNBCBD@>(N7`8DD:>0Y=
M>B"S[:IU*6DJUJ=::G68'&.K9.96<GN<0X\G^D_O%!9H"#/[HU:NX%PZBYL9
MIJIK2.KLBDA,7/EP>)'LZY0=_:E&A4UCVT:$^MAEGDE-2SCFUSSU(`=(`T^@
M907*`@H]]\/!L*&P.MMW[$#9HX_A&QO#62AH>)!(]GSN(QCU(/G:E+70-O3T
MM78U7Q4P?-7L!K07!@;RC8U\C6MP/`8^1!>H""G[B;`QU"X^C:O34Y_-KMIA
MCG-<8W,)<'N8.):XA!&[:JZW[0V%^MJ+6IGLB,6!8:QC)"WD0YC&/D:#[QY>
M&4&A0$%5W)#7DHQ235+%PUK$-B&*H&F421/#FN`>YK2`?'*"!I(==8W\^TCT
MMS67GP&.:>=K(XY6EX=\UDCP7Y'CC./2@TB`@K>XZM:WI;4%FO-:A<UI=7K8
M\UQ:X.;PY%HR"`>I05-%FOV'<=?9/T5ZCL(8Y`+TS(XV.#FAI$GER.Y''S<M
MZ(-0@((NVKP6=7<KSQ/G@FADCEAC^>]KFD%K<D=2/#J@S5:+6W]EJGS=O[&O
M9H%OPU^9D3`T,86@2NCE/)N#X<3U0:]`0<96M=$]KF\FEI#FCQ((\$&*AJ:B
MS#JM=+VWLV1Z^2(4K4C(6NB$3@6\GLEY<!CJ,'/J0;=`0$&&M4]/-KCI9NVM
MG-39/(Z*3A$"QTDI>YT<@E#PWD<_)XH-R@("#%;*/1-9M-98T.SMP6[$D\TD
M=<O;YLC0'/@D#FN'AT(0:ZA#%#1K0Q-<R**)C(V2?/#6M``=[<>*#O0$!`0$
M!`0$!`0$!!Y3$^L+<D@V==URK/SFWC;-LV'L;,`X,JEODO\`'RW!KBP(/5D!
M`0>5[>*B_:;5CKE.2VV6:1NWEDMLLU^'OF*$-;Y3WP-\&,>/#J/%!ZA6>'UH
MGM>9`YC7!Y&"X$9R1[4'8@(/-NXX*4W<MZO+-1N692P0RW9;41IN,8XQ,=$T
MQ<NG-H#FO.?D0;K02METE"1MAUL.KQD6I!Q?+[@]]P/@7>*">@(//N\64'=R
MEEJ2E=,L,;8ZEZ2Q$RJ27`/YPLDC;YI_?XGIT*#4]HX^[M-OQ1NF,/C-AP<.
M19(YI`YDN+6D<02<D#*"X0$&&[]^!&VINN2UK,9@<!K+CIV1,]\9LET#9`T=
M>),C<>H^*"Y[(:V/3R0-M-L^18E81&7NBBZAPAB?)ESV,#NCB@T"`@Q_YA?"
MC[.=9FADB#I1]EV#.(YSQ!\P_#MD=_"_W-+>OHZ()'8C88Z]Z&*S%*QLS9&5
MJKY):T#9(VN:R*63J\.^<?``G`"#4("#+_F`(?LRLZ>Q&R(6&\J4OG<+66NQ
M$?APZ4X^?T:1TZC""/V$VM'8O-KSUQ%+'#-'0I/EEKQ-)>WF'RAOOO+<.:&C
M&/6@V"`@H.^1&>WI3);;4C;)$7A_F!LPYC^`?*_B_P`3YON=4%+V,VFS;R.J
MR5JT<]8D:RD^>2/E'(UKI9?.;'Y<C>0;QX@X/5!N4!!4]V!I[<OAUT:]OE$N
MN$D!@!!():0[#OF^[UZ].J#)=GBBW>U9:SJM`2LFB?1IOLO=,]K0_-AD[(O+
MX#WFY;DY\4'H:`@B[9O+5W!\3\'F"3_N=!Y7N'^)U_=\4'G?;`UXVFMGKRTZ
MCFRB*5]5]MUBV9(W<1+%8:S$;\<^;N74="@].0$'&09C<.7#H??Z=.GCU]2#
MRO4-UXMU9H[E-L]>Q$9=O%);-RVUTH9D12-#'ME<>+W!SF#/3T(/5D!`0>3V
M64/B[I^/J.M5YY)G;XR6A<#629<V%G'RI'1CW.+'\?6/0@]80$!!YCO1!)O=
MG"Z]6GN\WNKW9+5N"2IA@<(HXXFF)[XQ[P:UP+OV@@]&UTHEU]642F<20QN$
M[AQ+\M!YEOHY>.$$A`0$!`0$!`0$!`0$%'L=%VS7T`J7:H?JZ;A+%'Q?*Z-P
MDYM,?`.?T<>F/\D%VQP>T.;X.`(]'0_*@^H""HNZ/0C57J=FH)Z-DRV;%3B9
M"]S\O>6,ZG)=U''T^""QI/C?3A=$Q\<98WA'(TM>T8Z!S7=01[4'<@((+M-J
MO+OM?7:^'8'G=B<.;)'<`PDL.1U:T(/ND%,:FJRE!)6J1QMC@@E8Z-[&,'%K
M2U_O#H/2@FH""*-70%NS:\H&6XQD=K/5LC8P0WDT].@<0@C]OQZF'6-K:F$U
MZ-=\D<<)8^,-(>2[BUX!X\B<'P]2"R0$$8ZZF=A]H&/_`+?D_#F3)ZQ<N?$C
MPZ.01=%7TU5MRKJJ_P`-''8>Z>,1OC9YS\.>6<@`0?\`;T06:`@CS:^I-=KW
MGLS:JMD9#("00V4#FTX\0>(\?4@AZNMI:NQV,.OK_#V)'LFO%L;V,?(]@`<'
M$!CCQ`SQ_2@M$!!&MZ^I9EK3SLS+3D\ZO)D@M<6EA\/06N(*")4@TD&]M/JU
M_+V5N*.2W.R-P9(UA<&<I,>67#)].4%H@((][7U+T<;++.8AE9/$<D%LD3N3
M'`CU%!$=7TL/<3+`K\=O9KNC-ED;_>A8X.XOD`X>.,<CGU(+-`01]AKZFQIR
M4[;/,KRXYLR1\TAP((Z@@@%!"N0:,;FA=F@Y[,>9!4M,C<YS0YN7M>]@(:W'
M[_3*"U0$'5;JU[=6:I98)*]ACHIHSX.8\<7#](*"MV5#10NUDURL99J<K(]?
M,&/EDC>6E@]YH+@WCGD7=/6@MT!!\<UKVEC@'-<"'`^!!04NQU';M345(;=7
MS:>MDB=2:&/FDB>QX$99Q#G^Z<?H\>B"[!R,CP*`@(*38:3MN+13T;E42ZR,
MOL.K<72D$O,A,;6\GYYG(XH+F*1LD3)&YXO`<,@@X(SU!ZA!R0$%79T.C&OV
M%>S6;)1NNDL787@O:YSQ[[@WJ<G&>GI\$$O5OJ/UU8TPYM3RVB!KFN:X,`PT
M%KP'#IZT$E`0$!`0$!`0$!`0$'GT/<K'WF-'<U\Q.D#LG7Q-A\DR>6UYE\G`
MB>_W`_/B@]!0$!!Y+NSJ_M?80&>O8L2SS2':N@N/N56,=_$=&Z-OEEM;(;R:
M\-;TY#Q0>KPX\EF'^8.(Q)T/+I\[ITZH.:`@P_<&VU<6WGKG?[6*T7!HHT8A
M*T/#`]S(SY$F7-9[[ARR`@V&MDAEU]:2&<VHGQ,='9=@ND:6@AYP&C+O'P02
M$!!C^Y]KKJVV,,O<-ZA+PC'PE2%LK.3R1&W/DRGS),'BS.3CH$&BT4T,VHK2
MPW'WXWLRVW*`'OZGYP:U@!'@1Q""<@(,!^8M6G9VM**U?$4)B!DBXV7/KL9*
M'/LL^'Z-+A_#Y2$`>@^*#4=L6:TNODCKW9-A%5GD@;9EP7$-.0WF/^0-:X#G
MZ4%N@(,YWAL:--M4VMS8U`=YCLUF-DY,8`7ODY1R\61^EW0#*"1VG;KV:,KX
M=G8V6),.=;C$4L9X@AO`1PD`@APR.N4%V@(,M^8(J_9M4V)XVL;8!%.9DLD5
MG#'99(V`&3BT>_G!`QU&$$;\NS1?\?-3F@;%+Y3FZ^FR9E>-N'<9H_/#"[SO
MWFM#3A!LD!!5=SV8*VJ=)->FU[>;&MGK,$DSG.=AL;&%DO(N/3`;E!5]H[*A
M<MS?#;ZUM<1Y;'9C9&SB'<3)&1%%SPX<3@D`]$&I0$%1W<(CVW?$MPT(S'[U
MH!QX]1TPS#SS^;AO4YZ=4&1[).MD[A8^J^I1=%%+&^I1BM1BP\<>0E,[8V\X
M?2P`N;GJ4'HJ`@Z-A)''0LR2SFK$R)[GV1C,;0TDO'($>[X]0@Q_;^WUMC;5
MXH^Y=A;DS@U;,#(F.<6%PC>[R(^+RSWPWD"1U\$&W0$'QY`8XEW`8.7>KV]4
M&#UF[U4VQK1Q]U;&=SI&8BE@8V)P>[$?-_P[>+)<88[D.7H*#>H"`@\DG^R#
MLI:_QU0V'6G2#>F&X;S&B;!>'AOE<6._A>9S\OT8]"#UM`0$&%W'<%6':6H#
MW98JN9(YHK1TXY6LX@%[6O\`)?R\L'+SD\?VD&WKD.@C(D\X%K2)1CW^GSNG
M3KX]$'-`0$!`0$!`0$!`0$&8V'<'9]5\^AF8UTM9T#/L]C,EYE<'QB-H^<`>
MI]2#3H"`@SN\V?;NE#*>RJ^5K]@7QF=K0Z,R6'>_&YK"9/XA.20W'K0:%C6M
M8UK``T`!H'0`#P0?4!!4W+6DU]P5IHVQ27VSV7/(#6N,3&MD<7$CWBPCP]""
M5II:<VIIRT8_)IOAC=6B(X\8RT%@QZ.B"8@(*K9VM5JY/BI*SY;5U[6M97B=
M--(Z)I+2&M!^8W/5!(TK*C-9"*E>2I7/)S:\K7,D:7.+G<FN]X$N)/5!-0$%
M7MYM7K)!N)X7OMN:VG$(6E\LGF/RV)K<@'WNHSX=4''MHZ9U"5^JJ_!1NGE=
M9JEGEN98)_BA[!D!V>O3H@MD!!7;N;6T:S]M=A$@JL+"_P!W(CE<UKQEQ:WC
MT!=GU(.>L?IIG6;6MEAG-AX-F:&02`O:P-;DM+L88!T03D!!#VGP<-9VPLP^
M:=>R2=F`"X880[CD@=6DA!T:BQH+DDE[6RP332Q1,F=#(V0M8T$QL(:7!N.1
M06:`@Z;56O88SSHA,87MFB:?1(SJTCVH*#2]Q]J[#:N9&6U-U`UU1]6;#)&@
MN#W1LXDQO][!/`E!I4!!U6JE:W`Z"S&)87$%S'=02TAP_40"@IZ.RT^RVL3X
M*5ASZYF^'ON@>R#+O=E+9#AI+N.,^E!>H"#HOLA?1L,GA-B%T;Q)7:.1>T@Y
M:&^G/@@I*VTU]^[4@?I[D+XI!+#)-$UC(Y&QE@<_#R<AIXC(0:)`0?'-:]I:
MX9:X8<#X$%!E-AW!VK4DEU-FI(/L]T+*\89ADLL+62P0Q.Y#DYO-O%IZ(-)K
MKT%^C#<@SY4[0]H<,.&?$$>L'H@D("#-;B]VS08[46*,DE,1AUPP1%T4$4TA
M(,K@06M<\$X&?7X(-*@("#/;39=GZR6SK[\D%:6>":Y+&\ACGLE/"4L)(/)Y
M]#>I075#X?X&O\,PQU_*9Y+""TM9Q'$8/48"#O0$!`0$!`0$!`0$!!@]EW#;
MGW<U>A9>S77IH*K=J^.1D,$T+^,D<4@:62&3YN20.73*#>("`@Q?=MRW#N(Y
MZ)#;$=9S*DT$,4\C[//_`()G/#G11D=3CCZ>O1!LHB\Q,,@`>6@O#3D`XZX*
M#D@(,5^8>P;%/K*I^&L-=+REHRFL97G(#"&V2`&?.RX=<X0:S6-N-UU5MWC\
M8(F"QY?1GF!HY<<>C*"2@(,IWWY=B&K5C;5EL,E,I^(F='Y0$;L.XQR0O)?\
MT>]CJ@L>SI'.[<IA_$2,#FO8TD\??)`.7S$'CCH7DH+I`09+\PM3#;UALQ5O
MB=A7X%C0]Y<QG+_D9"U\;7O#OFY03^RJTL&E(?3=1;)-))'#)D2EKCGE+R<]
MW,G/B?#""^0$&?[TW='7ZT5);L-.[?RRGYS.8=P+3)Q;Q>"YK,D9'B@C=@2N
MEJ7G?&-NQBQQBE:UK,M#&C)8R*`-SXXP?E0:E`01-P+KM5<;18V2Z89!68_'
M$R%IX@\O=\?6@R'95R_#MK=!E626J&Q?$3/FJ2O@FP[F'F`]6NP,-ZD>P(-T
M@((>WV=#6T)+-ZQ#6@^8);#@R/F_HUI)_>/1!C>R9?C+YI3W*-^G6@;/'4K,
MK"."?F#[C(QS'`Y'(^STH-\@("##]NZ]];NCE6A>ZNXV3.XU;E9L9<[+<.GE
M=$_DXGYK?;T"#<("#A8E\F"27@Z7RVEWEQC+W8&<-'3)/H0>>RSM;NV[JQIK
M4$->5UHOBU;&6,<"T^;.)GN<,'+L,R4'H4,T<T+)HCRCD:'L=U&6N&0>J#F@
M(,'W3'']Y862L=_W98*^)H*1@EB)'-@D=FR>F?`="@W,$,,$+(86".*-H;&Q
MHP`T#``"#F@(/.N^J+['<,6->+,-V$5HWM<X,EG!=Q9.X21AH8?1CTGY$&^H
M4:U&JRK6:60QYXM<YSR,G)]YY<X_K0=Z`@PO=^\\K;2.I`3MK0/J7IWPR&"G
M)*6O9,^9C'^\P=7-]`ZY"#:TV/CJ0,?+Y[V1M:Z<^+R&@%_3][Q0=J`@("`@
M("`@("`@(,<SMSN+[.C[<>*WV/'*T_:`>[SW5V2B5L?D\<"3IQ+^>/3C*#8H
M"`@\XW6OI;/>V([W;-AFJKS9<:]2-TE^0'/F/E!#FP\OV?%WIZ=$'HS,<&X'
M$8&&XQCV80?4!!C;&LWT5W>#[#K;.':2Y%B6RV-QA\IK&Q.8Z-_1A!QU]*#1
MZ"K<J:.A5NN#K<%>*.<@\AS:P!WO'QZ^E!/0$$*WHM)<F\^YKZUF8@-,LT,<
MCL#P')P)0?-?H]1KIYYJ%6.JZR&"9L+0QCO+SQ/!N&Y][QP@G("#-]R=G2;F
MX;,>REH\X8X)HXXXI`\0S>?&<R-)!#_4@NM;6NUJHBN7'7I\DFPYC(R03T'&
M,!O1!*0$&:[YUN]V=2K4UE>&2(RB2U.^4P3Q!F"TUGAC^$A/3GZ`@M]1-M98
M'?:51E.5KN,;(Y_B.3<#WB[A'U_0@G(""K[CT#-W0%-]J>J&O$G*!W$/X_L2
MM\'QG]II\4$3L[2;#1T)-78%9U:*1\E:>LTQ<A*]SW!T/4,XYP,./1!?H""G
M[N@OV-!:KT=?#M+$P$;:EEP9$0X]7.)_=\0/7Z0@C]I-W5>I%0V-&6(5H6M%
M^>>&:25P.,.$0&.B#0("#HO4:M^I+4MQB6M,.,D9)&1G/B""@I'_`)?]K%N8
M:KZTS2'1V(996R,<#D%IY%!HD!`0$!`0",@CPSZ0@QFO[&NZ;N*';4;#=@PM
MDBL&]DV^$SVN<X61R+^''W6N:.GI0;-`0$&2=^7=.2*>*Q<DG80YFO#V-/PK
M)9O.D\OUR.=T\P]<80:U`0$&3M:;N6$;77Z]M62AMI)91;F>]LE?X@8F!B#2
M)?26>\/44&FIUF5:D%6,DL@C9$PN\2&-#1G]2#N0$!`0$!`0$!`0$!`0$!`0
M$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0
M$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0
M$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0
M$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0
#?__9
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>9
<FILENAME>c71227008_v1.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 c71227008_v1.jpg
M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````4```_^X`#D%D
M;V)E`&3``````?_;`(0``@("`@("`@("`@,"`@(#!`,"`@,$!00$!`0$!08%
M!04%!04&!@<'"`<'!@D)"@H)"0P,#`P,#`P,#`P,#`P,#`$#`P,%!`4)!@8)
M#0L)"PT/#@X.#@\/#`P,#`P/#PP,#`P,#`\,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,#`P,#`P,_\``$0@`0@#F`P$1``(1`0,1`?_$`'T```(!!0$!````````
M```````(!P$"!08)!`,!`0$!```````````````````!`A````4$`0,"!`0#
M!@<``````0(#!`4`$08'""$Q$D$342(R%&%Q@2.10A7!T5)B%@GP\3-C1A<G
M$0$!`0```````````````````1'_V@`,`P$``A$#$0`_`._E!%NX-CEU1@$]
MF_\`IZ2RQ>**0K/'8HGN.G3A8P$23*'H43"%Q]`H%`9<A.:ZK!K..^(C!..7
M`%E6">0D%\1`>M_;$M@/X_R_&@F_3W*O7VUY=7#G4?*:]V0V*8SC7^3(BU>G
M(3H)T##\BI+]`$!H&?+>YK_IUH+Z`H"@*`H"@*`H"@*`H"@^1A"XCY6`H_-V
M[_C00CG_`"/TKK0[=#+,^C6KUVM]NC'-3?=N14^`HH`<P=>G4.]![=+;MP_>
M<),Y#AJ$BW8PLHM%N"2;8S50RB77S(4_42F`>E!,U`4!0%`4!0%`4!0%!89-
M,X6.0IPO>Q@`>H=;]:"U0Y$P,=0_MD*`B8XC8```N(B/I00?N31.#[IB"!*I
MJ0F3QP>[B^?1)@;RL:N4?(BB+@MC"2_42B-AH-2X[['S>26RO46WB$_]J:N5
M30<S"0>"601*O1I+HD[AYA\JH>A_SH&>L/4;B(W"X`/:U!4!^;QZB-[C^%`G
M6@.3;O?>Y-\XQ`1K8VL]4O6D)"Y.F<15?210/][^'@!@L7\J!Q+@`"(FL`=;
MB/2@1G#=J\H,#V2VQKD#AL+)Z_S::<L<*SK%1.<\<`G$6B<HCV*!RV#S#UH'
MG*(VN;H;_#05+ZAU_,:"Z@H/;IWH,<RDV,F196.?(ODVZQF[@R)@,!%4QL<@
M^/8P#W"@B+9'(K3>IA<(9OGL;&2;=!18L&54JKU7VPN)$T"B)A/\`M0+DERK
MW!M5)(./.A9*1BI4@?TC8&8*?TR-N`_N"=#HKT]/C0>P>-.Z]I@HYWWO^500
M47*X9X=@(#$,FM@L*9W%O<5_,:":==\6=&ZP<*R.-X(S<33D2F>9#+7?O%3E
M_G.HX\OF'X@`4$\,8V.C@6+',&[`C@_NK%;IE2`YQ[F,!0"X_C0>^@*`H"@*
M`H"@*`H"@*!9N562R\7K4,1Q=8Z.8;1DVF*X\*(_ND^\.`.7!.M_V4?(PCZ4
M#`0<;_2(6(B174<C%LT&AEU1\C*"D0I!.81[B-KT"W[G!+#=LZ/V4P(0'TC*
MJ81.B8W@+AA)$,HF4P^OMKD*<+T#,JO&C0Z2;ATDC[Y_9;@J<"BHIW\"@(AY
M&_*@7OE%FTGC&M/].8PX,WSK:4@AA^'"GU.5S)C[2JQ0[C[*(G/T[6O0:AP_
MU)B>JL:SQOAC8B,)*9(H@V.!A.9P,>0J"S@Z@]3"HL*@WH&_MZ!;X"'I0*_R
MHWLZT?A^+C`1B,[G6?Y+&XWAL&L'D"J[E<H*J>/<033N-!/619/&X9B4QE^3
MN$XZ-QF+6DYM<3`":9&Z(J*V$>_:P4$4<8\[V#L[4,%L'8\4V@Y;+UW4G"1+
M8HD]F'65-_3_`'`'N<Z(`<1_&@8`?3\^M!'NULT3U[K7.,W4_P#&H9V]0+TZ
MK$3$$0Z_%02A0+]I'3^31/%A#"T\N?8[L+8,4YF9S-$E#*N&DI."+@ZR(F["
MF4X%`/2U!E-2\.-)ZO9,7+O&D\_SA*R\OL/)P_J,DZ=B`>XKYK>0$`1"X`4*
M!B\@G8;#<<F,@EG",5`XVQ6?22X^*:2+=`@J&$+V`.@=OQH,-K#/8W:6`XUG
M\2P=1T5E+0'L>T>E\%P1,(@F8Q?\Q0`P?@-!OGB'?^%!00M:PV$/4?4/A05`
M1OU_Y4%U`4!0%`4!0%`4!06B:W?UZ!^8T"@LQ-M+EJ_?"F"^+<>(+[)DM]21
M\DG2@*W4>@&0;!X]+V$:!NA$H@!O(1(>P7#KWZ!^76@4#DFNURC87';5[,/N
M9^1R]/*%VQ;^3>,A4S*++J"'TE$XE(`CW$:!?MKOC[:R/9FUY>8DF&':'GF6
M,Z98,%S-T7^2@X2(]>*>'5<H+'(D!;6M>@W+:65N9'<DSE\HJ1Q#\;,2;FC&
M1"^Y[F;9,B*34`*'<Z9#6L`7"]7`WVJXF,PC#L2P8\@U&>:1I7<@P%4@.CKN
M!%9PL*5_.PJ'-UM4$#[FY(;7U-L56"9<>9[/=<IQR3\^>0QA/X&L(K)"EXC<
M2>EN]!SWGN7VLMK<S=>YIET-D+'5FGHA48EN[CEC':9$Y`?)R[0*4WM>V40*
M6_YT$H<O>8FE]P:_@M)X?GJ<:&S\GBXC-9-X0S4K.$!P59T8_N>(@"H)@4![
M6O0=6<0DL66A8Z/Q.1:R,/$M&[)@JR.55`$44BD2`AR7*(`4`[#0;6;L`=+C
MZ#0<R>>_(")&);<:-?L76>[@SA_'G7PB+$/,\>U7([<(+*`/[8J$3#OZ7H.@
MN"R4E,8;C,C+XZ;$)%XP1%WC"A_<,P,!;>P)P`+B4``.U!N/X_P&@2_E6@MM
M*8UKQFC51^UV3)EE]F^T(^:>+11@5<$-80L#E4"IA<>MAM>@<6-CV43'L8N-
M;)LHZ.03;,&:(>*:2*10(F0H>@%*`!0>V@M->W0+C0+/KG?@;$W_`+?U1$,"
M#CNJ(^/*YG.MUY-T8WOHE'L()`%N@]ZN!FJ@*"SW"WM<+C>Q;]>GX4!YCY^'
M3J%P#UM\?XT!Y=>G4/[Z"OE>UA"P^O\`=05`0&@K0%!JF<99%X/B.29?,+D;
MQV-QZ[]TL<;``(D$P!U]1$+`%!"_%G&)"$U)'3\\V%#+MCO'67Y.8]_<%S)G
M%0@&OU^5+P``]*#-[SW[@NC(`KS(7(RF32]VV(8&P_=E)=T?Y2(H($N:PB/4
MPV*'QH(8U1AF?X=BNU>26X4DG&Z\NAG<BWA2V.ECD0R0.LRAF]QL%K`98?YC
M]Z"!./GL;@=ZQQZ)D$Y746B6A<MV/ER("#6<S5X95Q]L4X!94K/R$ZGP,`!U
MZ4&`XQ96VW;EV4Y"Y,!,)Q/+YO8.U9PWR-U)H!,A&,E##>Y6;5,RGCV+8*NC
M!:4R3$=J;RAN5+.;783F=9[.0$41Z]]M-'#8)B<#`JW.<")E$Q?,#"%QO3`P
M&HN0DODC#DARMR7)E&7'Z!^YC=60SDPIMW+:!*<BT@0!]7:_R%M]7I4$@\,=
M<?9::3S[-X9NXSW>4BZS7,5':!#J'"4.*C1N8#%$`(FW`EBVH(BP+#M4[^Y:
M;AS(,$QV6P?344AA+9T+-`S9W,*"*STYR>($.+<H>`"(=.M`_.`K:_&%-'ZY
M6B%(&$748"A#&3,@@LD/SI?MB(7`:#=S=@_,*#@5G([)QC_<`V%F?'**C=F.
M85M_5LQ<N0*HWBBN$TTWJ!W=Q\3B0@E*6_0>@4'=R!D%9B$B)95N=FI*,F[M
M1F?ZT3*IE.*8W]2B(A0>]\];1K)W(O%01:,$%'+I8W0I$DBB<YA$?@4!&@2[
MCY+1DNWV=RMSUZGC['/')FN.24HH5NBQQ:,.*300%00`@+G`51Z_,(A0.;&2
MD=,1S.6B7B,E&2*1'#%\V.55)5)0/(IR'*(@("`WH/:*A0[]+C8`'U'TM01_
MM3-D=>ZWS7-E0N.,Q#EXBF;^9<J8@B3K:_D<0"D"T<7L>4Q:1AXMZV(3))3!
MT<GSA\4@@=:5G7ZCHY%#C83"F!O$`'L%:H=CR[=!`1[!61=0*\M/2^0<LV6-
M1S]9''M=X*K(Y&S`;)+/I9Q[;8!M>XE3*)NM!D-K9[D;3;.DM78<[]F2RA\[
MF\N*)0'Q@8U,15$3=?'S5$"E^(]*"?)>9BH*/<2LS(-XJ,8E\W<@Y.":29;V
MN8QK`%Z!2M$<A<EVEM_:&(S4",+BR+!G.ZF<*D\%G\1Y?;K.SAW\3K"`D^(4
MH<<+7Z>H7H+Z`H.;W/K=\+AQM8:@FL;GYV*V),(R>3A!M#NUE(>)6(LX;I)I
M7,8QQ*'D%K6H,LWWKR"W@1"%T#J5YK[#7;8$4=LYLC]FHU*G9-0J,<:YS*%#
MZ;A:@E_27%7%=62SS/,LF7VV=P3`WE=E9"(+.4P$U_:8HFN1LF'^3J/QH%FY
M8;_S?9<9N?1_'J*7=.->Q;D=W9\Y2.FTCF94Q.XCV1[65<JI`-@+>P4'FSO>
M.H>,G$7%,%T>W:R^399B`_Z.Q.($'3D!>-P%[)O01$PE]LQS&.8_7RZ>G0(H
MS?+,#X\<7]<\>]>23-:6S1K&2.[\I:&*M_3(J85(:2DI!P01`AUA,*9`,-_$
M.UK4"N;QTD.WFVV>3VM9$<!X[Q'V$'C`I**,S3*+<463R402`"@1%4##<UB^
M=A&U:T3EMQ)'D'I\F(:H<#$<3]&IX]$-I1HF*"65S*KALBH1N!@+[J#<R@B<
M;6$_6LAY-M;<GY3)8#BAHKS<9TYCVC38N8-"^37$8CVB$4.90ORE<G2O[9+W
M"X#WH$^PW%2:NTEE6A=>9`^A9/>&U9W'5LTD'`$780,<1(\M*K.#"40,*0'#
MR'K\P4'33CWB^%8YB)5->0R$1A+A)NTQEPD!@/(M69!3*_5\NIC+F$QO(0N8
M+"-!)6QV,]*:_P`TCL6>%C\C?PCY"#>F&P).E$#E3/<.UC#WH..W^WMQCVL]
MP->0S3*0AM9Y!DAI;(85B(C(Y&^C'!TC$>NK^?VP+$$UK_-:@[<`F(%"WR"6
MW0O0+!>P?D%`I_+:;EWN)XIIS&G9V>2[UG4,8*Y2N"C>*`/>E7("`W`"H!X"
M/^:@7CE%':XSC;_&?B))Y*5C@JC9](YQ@C5R#9->.B&11C471@L!`$Y!$I1&
MYK=J8/+IO<CB0S;C_HK2L\V=8MBA,@F]I^R(+)L\>;.%6\8T.H(?*<Q[6#X4
M$S9/S@U[B6E]@;GF6:K6"QO(G^,X2@I\I\C>,Q$A/L@-83D,8!`3`%@L-!J6
M;['D.0.C^/3-S#+XFZWYDD6I-0IQ\OMXA@(O7WD(V^7VTRB(C\:L$L:+VE@6
M=FW;M:*R9B]B(B7/%NU6Y_E8L(5N!2>06```Y0%0+=Z41QQ.WYLC>NV-UR4\
MQ5B]8LT(Q75\>JEX&%HMY#]P<;WNL``8+^E3`_)U2)D.H<P%(F43',/0``O4
M1&@4KBX!LM=[@W:Z'W3;.RM9O!*FZ@6%@P%BS\!_P&`IC!0>#2O_`-'W]O7<
M*JAG,1C2R6M,&$?F2!&-$%I-1(W_`''(@`B%!A>?F00;312>&3$BBP5V9D41
MCS4JBH)`8BCDBJYA.(AXE(F01$WI5@P^@<BA-E\C]@9/@/LR.M=3X9%ZYC<H
M:%NU?2"*A'*Z397LH1N!?&Y>EZ4/P6_2]AZ=PJ"Z@*"'YW4<7/;FP3<;E\L6
M4P*%DX>-BP#]HX2@E!14P_$`+8*"6_(#6[^(]OQH`>GU!U]!_'X!08AOC\&T
M3EBM(9FV+/'45F4TT"$*[.H7Q.9Q8/G$Q>@B/I0+;K/AUI'4[O9+S$L<*@YV
M4FZ;R#M<?=49-7A3%4:LQ/?VTQ$XFL'K0>35O"W1NL=8Y5JEOCHY-`9RH*F8
M.IDWONGY0/YI)*J?5X)?R@`T$W9'J?`LIUL]U'*XZV'7SZ.+$GQ]N0$D2,TP
M*!$R@6UA#Q#K^M!IV6<?,$GM$O\`C_!-1Q##SQ2<7#_TT/!2/]DQ5$EDQ"WS
ME.4#7O>]!Z-#:%PWC_AC;$\5^XD7JQ@<Y-EL@?WI.7>&"QW#M<]S&'H%@OT#
MM0<M.47$'D66<?YW"N0VIK6!RYY.QNI8TQFTBK'R9DCODO=*)1.!_;L8MZ+#
M5X/R$Y";-<8]A.LN,DMIN'8$2;2V2YP!4VL<S0(!03;()6$Y_$H`3J(?&A3F
MR,.ZA,$REN@Y>2DLO%O3G>"(F77=J(G`#$*'0OS"%@*`41@./N#+:XTWKW#G
M9!(_BHLAI'R`?(7+@QEUA/U^H3*#?\:"9J!.L;>M-B\IMAY/[!WC'0<&3&H@
M>HD"5DR`Z?`4.WD"0)EN'QH.:66M,!Y`X^\UWB<NED_*[=F>.I9U-QXJ"OA<
M=&+F0$'KDOS)))-D@LG?YA-8.U:&HLGD%PC><I=-ZO9S>>[QGH>/;PTB@S.<
M[>-,T`\@_4$OD)2)'5,)0]1MZU*L:QI?(8G"\QTKEG-MJ[@=88OB*J^@\>DF
MAUX]P]46$5W;AN8/'WC`/F'N!?J%(5LW*WE27D5L#6.%\8'<A"MX-!S#13@S
M,[!9ZZG`!J9)D@(`/MD2+<3E"UJ5&VYJ3`>">-;KTK,3SI*2VGK.+=8\U114
M.1[.$$[9X)5.P%OT'K]-(.DW!S#<D@=)Q&6YJ)"Y7L=-O,NFJ0%!-JR(B1)B
M@GX]/$J(`;]:42-RMV&75G'K:>:^9B*QL(LBV5)W*HYL@4W3X>=Z@A'6^_-(
M0?%IP.JMBX_..]=8/[YHY)VE]RB[,W,8H+)"(&\C*C\.]:$W\7,)#7NB,`B7
M?RR3]@$UD+HYNJK^3'[E<YC#:_4]K_A6:%`Y48)#\B>8?'K2,XDG+8=BF/2^
M8Y]%^9@+X'$$&R9Q(("45!#IUJP=$,`U]ANL<8CL+P''VF,XQ$@8K.+9D\2`
M)AN83>HF$>XB(B-*-T*(]0$/$`^G\J@NH"@*`H"@*`H"@*`H"@*`H"@*`H-$
MQ+7^-82_RZ2@&IV[O.989K(53&$_O.S)E2\@OV#Q(`6H/'BNI=:8--SF38A@
M\/CN09(8RD[,,6J:3ET8QA.;W#E"XW,-^M!F4L)Q%#)7^8HXY')Y5+M",)2?
M!N3[I=J7J""BEKB7\!H,;F>L->[&8QT7G6&Q>51\0J5>*:238BQ&ZA0\0,F!
M@Z"`!00,TXH8DAR:B^00D:(M<6Q-+'L.Q5NW*DFR<`<?<=AX@`7]L?$*";\X
MU/KG9!VZV;X?%Y&Z8MUVD>[>MB*J-TG!?%4J9C`(@`]Z!<-+8#R$T?,R.L$E
MHO8.F&:*CG7F3/7!DI.+()ND4X)U\R$`?D,'ITH&OEL=CLPQQWCN;PS*6CI9
M$4I2&5("S=0@]P$#]!H%&VEP!XW;!QB1@X?!&.`2ZB9C,IZ`*+0Y%@+^T9<J
M8E!0H&L/B-!$FI>&?(1&2QY7=O)26G,9PUZ0(C"X0YTFCYFA_P!$'9C>)@&P
M!T"X4#@8QI8L%OW86\'$J1XKF6.16/1T6*=CL&\<(F.4#]Q!0WS4$]D&_D%^
MO<0^%Z"^@*`H"@*`H"@*`H"@*`H"@*`H"@*"P/YOI[_\7_&@J/<.WK05]/2@
MH/?T_MH*#])OI[_I^M!=_#M04#L';L':@N#L%!:'8OT_I_90`?27Z?T[?I0!
..?YOI[CV_MH+J`H"@_]D_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>10
<FILENAME>c71227009_v1.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 c71227009_v1.jpg
M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````4```_^X`#D%D
M;V)E`&3``````?_;`(0``@("`@("`@("`@,"`@(#!`,"`@,$!00$!`0$!08%
M!04%!04&!@<'"`<'!@D)"@H)"0P,#`P,#`P,#`P,#`P,#`$#`P,%!`4)!@8)
M#0L)"PT/#@X.#@\/#`P,#`P/#PP,#`P,#`\,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,#`P,#`P,_\``$0@`+0#<`P$1``(1`0,1`?_$`+0```$$`P$!`0``````
M```````%!@@)`P0'`@$*`0$``@,!`0``````````````!08"`P0!!Q```00!
M`P,"`P0&!@4-`````0(#!`4&$1('`!,((10Q(A5!(Q<883+3E197422TU5@)
M<5)T=CF!0H(S0S14)76%M2<W$0`!`@,&`@4*!@(#```````!``(1`P0A,4%1
M$@5A<8&A(E(3\)&QP=$RDA05!N%"<C0U%O&R@B,S_]H`#`,!``(1`Q$`/P"_
MSHBBSYC<NN</\&9-95DU<++,ITQS#W&5;7FYDY*DKDHT(4/;LAQW</@4CJ7V
M2B^:JF@CLCM'D,.DV+BKY_@RB1>;`O/AORV[R[P7C-A:SUS\LQ37',N>>7O>
M=EP4I2W)<))43(8+;I4?B5*Z;Y1?*U3@!!KNT.1PZ#8FWS_&D@F\6%2F6%*0
MM*%]M:DD)<T!VDCT.A^.G40NU5#\J5N8XMYT^/\`CEYR?DF>5%E85]W#A7#[
M:(\1]T3&'DLQ(;4>,E)+04@]K<D'0J/QZNE&Z7,VN<YLMK2`19C<;S$]:@IX
M<VKE@N)!MMZ5;UU2U.HZ(CHBB'3>-645?E3=>0;O*<Z9CMG"=8;P9:7=P+L5
M$81EN=[M&,TI'>;2&]0O[?B3,OW1CJ$4WAC4#[W3&-T8X7W+A;2.%09NJS)2
M\ZAEW(Z(CHB.B(Z(CHB.B(Z(CHB.B(Z(J^>>?/S#.,<GCXAQ_3M<G6U5-#>;
MRV90CP(2&EE+\-F2$K#LP:?``MH/HM85\HLNW?;DRH9KF'0".S9:<C#N]9P4
M55;HR4[2P:CCY9J2G"GD3Q?SW6/2\%N5"XKF6W;[$;!`CVE>'"4I[[&JDJ22
M-`XTI;9^Q6OIU%5^V3Z)T)@L-Q%Q\LC:NRFJY<\=DVY8A=RZCUTIM9?F.+8!
MCMGEF9WL3&\<IV^[8VTUP-M-I^`'VE2E'T2E(*E'T`)ZVR)#YSPR6"7'`+"9
M,;+:7.,`%2UR_P"?O)F49Y4V7&87B_'^'6[<^MHG?NY>1HCJ&J;1?Q99>3N"
M64$:;@IPJ4`E-[HOMR3+E$3>T]P@3@W].9&?F5>J-TF.>"RQH/GY^Q7*<<9]
MC_*6#8SR!B[Y?I,H@HF1-X*7&E'5+K+B2`0MIQ*D*&GZP/5'JJ9]--=+?>TP
M\N:L$F:V:P/;<4]NN=;$=$1T10=$.-S]Y97OOF46?&OC33/4GM7`%QY>69''
M*9FJ5#U,2">V2/U5+^.O4]$T5`(6/G&/)C39YW6]"CX>/4'NL$/^1]@43/$^
MPF^-GE?G?C_?R%M466/JKJ=UX[4N2(R%2Z:0`==3(AK4T3]JP!]G4UO#17T#
M*EM[;3TV.'0;5'T)--4.E&XW>KJ5RO5'5@55?D5_Q!?&?_9ZW^T675OVS^)G
M]/H"A:O]Y+\LT_?+?R>YTX5LZ&KI<,Q_%L<R>>[&JL]L)AM7W&H;K1?68+:&
M41B65[QO6[Z:^@4-.N;9MIIJMI+G.+@+6@0ONMMC;R6RNK)L@@```XW]2R<C
M\G>:N80I^=\%8+58[Q?!0Y(QYFW:0_D]]#;&OODUSY2&6W0"IEDE+RT$']90
M2/*6EVV41+J'DS#?#W&G*./$W+V=.JGC5*:`WC[QXP]&*=7BMY;6_/&,9546
MF-PSRYAD-,P4L1Y4.%<1EDMMOM+?#JHQ#H[;R%;MA((U"MJ=6\;,VB>UP<?#
M<;[RWAQS&:SH:XSVD$=H=::''/DKSAE7EZKA+.*2@PVCI(-L;/'JHKL%ON,Q
MV9$1\V3Z6E*24.A0"&6_CHH=;ZK:J:7M_P`Q+)<21:;,8'L_B5A*K)KJGPG`
M`"/E%)'.WE7SGQAR_P`=X7<8G28)AU_8PYLN;"6[DEK/J4S`Q)9;0AIA#3RQ
MH`VVVZK520E>O66W[/35%.^8UQ<X`CN@&$1G9QL6-36S94UK2``3S,$X^9<\
M\VH&+WG+&(TN)\?8+CC*YZ<"L6U6N3NUK7S*ES]ND5M>SYU1V7-R!J.XI0ZU
M4-/MKGB2\N<\V:AV61R&/21T+.HFU0:7M``&%[H>CH7?>!/(.JY7X+C\OY(B
M-BPIVIS><A*E*B1'ZO=[IUI2M5EI2`'$ZZJ`5IZD:F/W';74U5X#>U&&G,QN
MZ<%TTM4)LKQ#9GT)CXKD_D+Y`8^>0<#R>FX-X_N`MWCJ)9T?UZ\M80)2U/L0
M[*CL0T/[=[;*$K6$'52]?3K?-E4E$_PYC3,>/>@[2T'(6$F&)LY+!KIT\:FD
M-;A9$GK3$X,\HN0OQINO&WR"K:AC/(+KS./9C2(7'A63C37NDMK8=)VE^.>Z
MTI)&NA04!0]>C<-IE?+"JIB=!O!O&%_`V'SK335K_%,F:!JP(Q5@75<4HCHB
M2+W(*'%ZU^YR6Z@8_41=/<VEE(;BQV]?AN==4E(U_2>LY<I\QVE@).0M6+GA
MHB3`*%-I_F'^/T',JS&X4JWN:!]];%QR!&AK^E0_E^[=2%:/R&ROY5+:;*4C
MYM2GJ>9]LU9EEQ@#@V-I]0Z2HYV[20X`1(SP4R6,RQ&5C#6;1\HJG<.?BB<U
ME0F,_3C&/P>]UO[6S].[3J#,B8'^&6G5="%OF4@)C2W5$0SP50ODIY\6^:Q[
MWC_AEE_'<8?<>@V/(RG"B?8Q@=JC6-IT,9IT`CNK/<*3\J6SHKJZ[5]NMDD3
M9]KK].`_5F>%W-0-9NA?%DNP9XGEDJV6VT-(0TT@-MMC1"$^@`ZM),5#IU83
MFN1<;9ACV>XG*=BW^,2VY49+;BFTRFDJ!>AO;2-S4A`*%)5Z>H.FH'6FHD,J
M);I;[B/-QYA;)<QTMP<V\+]">6^2_'>)\%UO.STI4VAR"NCR<8J&5)]W/FRT
M_=06DJ('<2O4.?Z@2M1]$GKYK)VJ=-JC3X@VG``8^S-6J96,9)\7`W>Q4,\N
M<U\C\YY`G(.0[DR41G"Y1XM$*FZFJ"AH4Q6"3N7I\7G-SBO]8)T2/HE%02:-
MFF4.9_,>?L%BK$^H?/=%YZ,`N5==:TKM'%OD/S)PO'<@<=YB:VD>D.2W\:G1
M69U<N0\$AQTMN)#B5*VC7MN)U_Y3UPUFV4]68S6Q.8,#Y="Z)%7-DV,-F6"N
M<\0?)>1Y"XG>(R:'`J,_Q"6AF\@5Y6F/(B2`519K+;JEK2%[5(6G<H)6D^NA
M'5&WO:A0S!H)+'"R.>(5AH*SYAIU>\/**E]U"+O7+>:^3:[AWBS->1[%'?&-
M5KCU=!`U7+G.:-0XR$Z@DNOK0C0>OKUUT-(:J>V4,3YAB>@+343A*EEYP44.
M"N-O+7C#`(E=5M\5NSLGER,HRF=?.7JK1^UN%>YDF66$!O>@J#>B?0!(`_IZ
MF-PJJ"HFQ/B0`TB&F&EM@A'SKAII53+9`:;;3&,8E14\U^/>=Z6PQ#R`S)K#
M(%S1RX5.S9X4NP"D267ERZV1,$Y(.B74EL*0?^<$GT(TF-AJ:5X=3,U$$$P=
M#DX"'"U<.XRIS2)KH1%ED>B]6R\1<B5W+'&F&<AU@"&,HK&93\<?]A)`V26#
MJ2=6GDK1Z_T=4ZMIC33G2C^4_P".I3LB:)K`\8A5Y>17_$%\9_\`9ZW^T675
MEVS^)G]/H"BJO]Y+\LUG_P`S?_N7`/\`O--]/^A&Z\^U+YWZ1ZTWBYG-6F#X
M#JHJ:50W"=&C'/\`,>Y1J*)"6*AMJ]ER8\<;6VVYS,&6M!`]`!(>UT^S7JZ5
M\SQ-GEN=?V1YHCT*"IVZ:YP%UOJ2[C7_`!1LK_\`19/_`,)`ZPF_PC>8_P!B
MO6?R!Y>H+=\S21Y9^)1!T(GQ-#_[S%ZPV/\`85/(_P"I66X?N97/UA6%<P__
M`))RE_NC=_V![JM47_O+_4/2%*S_`/S=R/H51'&DB9'_`,LKEP0M0961OQ9:
MQ]D=^36-NZ_H*3H?T'JZ58!WJ7'(>@J!DD_(.AG[%,WQZX>PSD/A+C+*X7(G
M)<5,^@B-2X-?FUU%C1I49'8DL-1F90;92VZA20VD`)'H!U![E73)%3,862['
M&]C39@8PMLQ4A2T[9DIK@YUW>*?K'B?P9C6?XURG;6.0S<YKK6(JFR+(LGGS
M'I$X)+$5E1EOJ[Q*24)0==1Z`=<YWBIF2G26AH808AK0+,;A8MHH937AYCJS
M)*EGU#+N4'N3?/OA?CG),HPYFOR#,,@Q=SVLA51&8^GN3$@%R.F8\^V-6B=J
MU!)`4"D:D$=3])]N5,]C7Q:UKL[X9P@HV=NDJ6XMM)&2J$YXYSS/R$RY&2YA
MVX576I[.+X9&<6[`K6]=2M.\)[LAST[CQ2"=`E(0D;>KKMVWRZ&7H9>;W8GV
M#(*!JJEU0Z+KL!DFKQ_BD+);*UM,C]]&X\P:$;KD:W@@)>1#2=L>!'<6"D2[
M%_:PPGU5ZK<`(;/6ZIG&6`&PUN,&@YXD\&BT^;%:Y3`XDGW1:?9S-P2;F&:7
MN=2^Y<*37T<99_A[`Z]2VJ*EC@_=18$$*[*`V--5[=[BM7%DJ4>LY$ALD=FT
MXN/O.XDW^RY>3)A>;;L!@.036ZVK!'1$]L;P\3ZIS,\G>DT'&\&4J%(OF4H,
MJTG(3O\`I5*TZ='Y*A^NX068Z=5O*U`0K1-GZ7>&RUY$88`=YV0X7NN&:V,E
MQ&IUC?3P''J&*Q99F]EED:@I_91L?P_#Q+1A6%P5.N1:Q,YSNRG.\^I;K[[Z
M_5UY9^8_JI0CY.DFG;*)=&+G0U.-YA==8`,!Z4F3"^`N`N&29O6]:T=$1T1=
MT\;>7W>#^8L7S5Y];>-RU_1<Y93KM74S%)"W5)&FIC.!#X_0E0^WJ/W2B^<I
MW2_S7M_4/;<NFCJ/`FAV%QY?@OTC>[B^U]][EKV/:[_O-Z>UVMN[N;]=NW;Z
MZZZ:=?+M)C#%6Z(A%5T^0^0<I\F<B<4TU;P%F]OPWQ[EL?(,[4Y%B-/73]>Z
MI,9,6.Y*2I;#"OOAOV]TZ````FS;9+D4\F8XSF":YL&W]F-\3"\W<%%U3YDQ
M[0&'2#$\>M6"X_<#(*:!<BKL*7W[9<^EVK!BS&=%%.UYDE6T^FNFOPZK<QFA
MQ;$&&(N4FUVH17!O*IAV^X?R[!(O'^1<@66:5<F)40J&,VX(\UK8N,_(?><;
M0R$.[5@DDG:=`3U([0=%0V87M:&D1CEC#.Q<U:-4HMTDQ&"B/X7S>=>$*^VX
M[Y(X3S%6&VL\6./W4&/&D_39DDI1*:?93([G8<(#H4@*V*W:IT5J)G?12UCA
M-E36Z@($&(B!="R_!<.W>-)!8]AAAP21S55\M9;Y8<9\QXUP7FECAG&BJ^/*
M>5&C,29R&'Y*Y+D=AZ0A0"4R/DW[=Q'V:@]9T#Y$J@F2'S6ASXYP%T(V<%C4
MMF/J&S`PP:L7^8_:N9!BOCY:18$VED6%[9JAP;=A460R]VV$M"0RK4H^<`G]
M'KU[]KLT3)P)!@T76^9>;N=36'CBI?1O(^ZK<>,;*.#.1VN38#/8F895T3T^
M++G(3M*H5NQN@*CN*&J75O)T3^LD$;>H0[8US^Q-9H.)=`@<6^]'A!2`JB!V
MF.U90]=T$S?&CA;+>/9O*7/O+D%*^6>57WK"PQ>H_KIJ:X++S=<TIOT?>5H@
M*V^GR(2DG0D]&ZU\N>)=/)/_`%LL!-FH][@/Q6JCIW2RZ;,]YV`P&2CE0U7+
M$3S6MO(&9P5F[.`6J9%:VH1HJYK;"Z]B&W+7&$G?M*V-Q0-5A*OAJ-.I.9,D
M';13":S6+<87DPC#CR7(ULP51FZ#I_!;/DU6<K\D<[\.\B8-P=F=KCW%JHDB
M>Y*BL0G9;B+!N6ZVPT](2KY6V]`5!(*CI\!KUCM3Y$BEFRIDUH<^.9A9"VQ>
MUC9DR<Q[6$AOM4U>5\ZM;7A[(FZ#C'-+J\S:DMJFKQINM2S+8?>85'29G==2
MVP@EW<%%1U`.W7[8*CD-;4-U/:`T@DQLSLS4C/F$RS!I)(-BB;XE\8Y,SP;F
MWC9S+Q9D^,Q<OD63S.0O1VE051YD5H!7?:><[3S+K.Y`6G0G;IKZ]3.\U;#5
M-JI$QITPLQL/H*X:"2X23)F-(C%<0PB%YC^&=[=XK0\>R>5,$L92GV$0XLB;
M62G%':)D9<3<_!?=2D=UMQ!23ZZ*]%]2%0[;MU:'N?H>,X`\C&QPR/\`A<TH
M55&2T-U-ZOP4SN):SGOFW,<<Y/Y\Q:+QCA^!N.3./N*&%+<DRKAUM;'U>T4X
M2H>W:<6F.V4H(4HN%(*4DP5:ZEI);I5,XO<[WGX!M^EO/$]"D9`G3G!\T:0+
MAQS/J6WY6H\I\KAHP+@'%_IE',92O*.0OK$&#.>"B?ZC7H<=#C(T`[KQ`4==
MC>GJOKS9_D99\2I=$X-@2.9SX#SI7?,/&F4+,3$>8*L)OP0\HVD);;X[KD(0
M-$I%]7?M>K8?N&A/YS\)4+],J.[UA+^.>`GD38VB6<FQ^'C%(RR[)FV,:R@3
MY;@9&X18C`>2@OO_`*K:GEI:0?F<5H-#KF_<=(UO8<2>1`YDY#A;DLV;7.)[
M0@.82]EGB7Y4W]968G1<45N(\<X]+=FX_A[>1U[[SDMT;%65O++H,Z>I'R=T
M@(;1]VRA"/UM<G>:%CB]TPN>1`G2;NZT?E;PQO,2LIE!4.`:&P:,(CSG,^03
M%_(GY3_R^K_W]7?M>NC^PT/?/PE:OIE1W>L(_(GY3_R^K_W]7?M>G]AH>^?A
M*?3*CN]83WQ?P3YLK8,O(\MX\B918Q7C'Q_C5B]B16)3VP+1-MK!+J=L)"OE
M5'CDO/'Y2IIO51YYWW#3.(:QY`Q=I)AP:.]Q-@XE;6;9-`BYL<A'TG+@+2DC
M*/#WS%S.T1;Y%A57)D1HXA5,&-<5<2OK(*%%3<&MAM.!J+&;U^5M`_2HJ5JH
MYR=[VZ4W2UQS-A))S<<3Q6+]OJ7F)`\XLX#()O\`Y$_*?^7U?^_J[]KUM_L-
M#WS\)6'TRH[O6$?D3\I_Y?5_[^KOVO3^PT/?/PE/IE1W>L(_(GY3_P`OJ_\`
M?U=^UZ?V&A[Y^$I],J.[UA'Y$_*?^7U?^_J[]KT_L-#WS\)3Z94=WK"^*\$O
M*5:5)5QY7*2H$*2;VN((/Q!^]Z?V&A[Y^$I],J.[UA3I_A7RY_*'^#'\$(_$
MKO\`\*_6?KD';_"FS=[CW/?_`.O[7]3V::Z?/U7_`!J#ZAX^OL>]#2??RA"Z
M/:ZE)^'4_+>'#M77CW?*Q2T/&O)Q)(\A,C`/P'T;'_[OZJZEH(_#7D[_`!"9
M'^YL?_N_HD$?AKR=_B$R/]S8_P#W?T2"/PUY._Q"9'^YL?\`[OZ)!>5<:<GE
M*@/(;)$D@@*%-CWH?Z?6OZ)!5T_YA.9T.0)X7Q6@NW\ZOL'L9<K+Y5=&5(6U
MVA'84J1[5KM(>=<:6>VG330_*!IU<_MBG?+$QS[`X`"-D5![M,#M(;:0;8*P
MN)(D\O;<NXPYXL*K''8[#1J*NOJ9*&'MG<473.ANOMNJ2M.Y"R-NGP'KU49T
MA\AVEX@5,LF-F"+2LLKC[D>%&D3)/D1D;4:*VMY]SZ+0':A`*E'1-<2=`/L'
M6I9IE1G+.8F<ICRGO5"L<+$_=14B.V^%(1[<[ZL??;G$`-#Y_4?+T1>94BPA
M19\R9Y4WD6/4R%1;A3M%2),)Y`2=DI)J]S&H6DI[@3NU&W77HB7X&/9=9R8L
M*%Y,7SD^;$>GQ:Y5-0-R5QH[PCNO!ARN2YM0ZH()*?B1_3T1>*^BRJUQO^,*
M[R<O)>,".]+^M-T]`6>Q'*@ZYK].UT1L5KZ?9T1-\S9*(DB<[Y86\>+%AQ;%
MYU^FHFM(4UQ#3$L!RM22RM;B1W1\@U&JAKT1.!-%E"KD8\/)^Y%VJ0Y$;K55
M./)<<D-1TRW&FP:\;UH86EQ24ZE*3J>B+PFFR92([GYH+E")=NN@BERIQ]'<
MLVE+2N(@*KAJX"VL;1_0>B+:?QK+HHO52?)VX83C"$N9"7*O'4B$A;0?2I_6
M!\@+9W#7[.B+1EUF0P'[N-,\HKF._CC,1^[:748^#'18%28F[_R[U+Y20VD:
ME1]`->B+XY5Y,S67UQ)\FLAAUV+@JR&1*HJ1CVB0VEXJ=2[6)4$[%!6NFFG1
M$GK59-1;B9(\J[B*SC[,>3="134++D=B4H)8>6TY6I7VW"=$KV[2?@?3HBW6
MH-^_&?EL^45VXS%N%8_)`IJ'>BT00%0U-_3=X=&OZNFNGK\.B),5*FI8@RAY
M673L>RJC>0G6J2C="ZT+#9E_)6*T:"B`5GT&HUZ(E9NMR)ZU@TL;R@O)=E90
MX]A!8C4U"\EV'+*Q'D)<;K5([3A0H)7NVDC0'HBRLT^2R(]',B^45Q+B9,'C
M02H]5CSS<L,-+?=[2VZ]0.Q#:E'_`$'HBTJ%BYR>1!B47E/<V$BTA?4JII-/
M0H,N'KH9$;N5J>ZV"1JI&H&HU^/1%@G&TK#?"?Y3WD5.+K4WD3RZ.C[4-:$M
M+*7G/IFQ)VO(.A.NB@?MZ(E.;3Y+6S),"Q\H;F!+AK@-2FI-3C[7;7:N*9@I
M4I=<`"^X@H0-?50T^/1%AM*_(*5^5%L_*"\B28<R'7R&%4M$5B58`JB,A*:T
ME2G@/E`UUZ(L';M?I7U;\U-M[/ZC]*W?2:#O>_\`_!^W^G=WO:?-V]F_3YM-
M/7HBE'UXO4=$1T1'1$=$1T1'1$=$4-+!M9^HA$M2;O\`'@.8L?;I,0S1"20S
M."GPKLE@+'=0=X64E+1*=%>KQ9N1$Q7#Y%*EO>URAW'\7^I,Q6_<0F(0?E"+
MHYW&5O/J5W2O>EO1/;"=PU/1$J7R;(\WXZH.R49^+@+IV`VE56K%!`6)C2G%
M+2\G5>I4L(*!([8V'];HB6N.A:?EZF-S'(QK$8S:IK9C2%B0X"994MU@J*4:
M#:`E+JM="=R==`1-Q@4A_`Q6>*CHKFN/K9%<VVG=&?B_2(OU)VT6Z4EECVX3
MHVE+@WGYG/E3N(F7$3B(XMX9&9/3W`FKLPVIAIY&3+R'6-[14`=Q<E%EOTV#
M52M-=Q[85J18\J9L!B5$WDUC:.7PD6:<6F5\*(B:<T-L@MN2V&I2HP=3\@V1
MW2E0$A25I!"018<\:JG+OE=>3S7HNE2_^,L>OBID5I95&0,<]PZ](96%(<WE
M&U!WM^CNQ`U/J)0N6IBK]E-I.<:RTS>,?I#OM0Y&%VAN>4>^0J0A1CN_>!>Q
M06V=I1W5>G1%(/E(W;O$7*INTU\%U>.V`93`4Y+[;?M%!2EEP1RXK=N(2`GT
MT&[[>O`BXMR\E3CTY5L]'A9'^&SR*AJ"U[EKV8MJHRW92UN,.ZEWMAEO;M`[
MA[A5H.@1/N(BJ_&[)784B9[0^W3*@]E'TT9?],60M$@.=PN_3-H*>UI]N[?\
MO1$TN*A;MV7%1J%Q)<W\(W$,)F)<CM$>_B;'5%"GB#KMU;`^T_>>@U%$A\1I
MKF[_`!!.+.S)=;_`C*(KLEN3'5H+BS+[Q1!6]'[:G=P:;=5VTHV$.*/R]$7O
MC5NH.28BO#9<P4S<!].71V8[1Q][)S4N=U<!WOA;4@("_>)80M@K(W*#Z5;B
M)9X[2S]%\51<O-AIF&\,57$;!E291II.Y4E*UA4=D1]Y4ELNZN%`4H)&I(L6
M8-UBJ3RA39RK!DN34:/0X[[C;0^FU8;U;<>1$=4%A!]5(<VE8'H-Q(EC.A$7
M+R5SD55/'KS)Q/\`C.+(2'J@5253@?OI!:45K=WGU;&S[L)WJ]>B)GP&[)%/
M7J3-N)#*N0,-<Q=G*(R&;)-8%(]DS,<:?=<42`='7DA\(*>\T5@ZD2CMJOS'
G=WN__9?U+?[#MM_1/9_1-.U[G?W_`'?MOF[G9W:?)V^U\_3!%__9
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>11
<FILENAME>c71227010_v1.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 c71227010_v1.jpg
M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````/```_^X`#D%D
M;V)E`&3``````?_;`(0`!@0$!`4$!@4%!@D&!08)"P@&!@@+#`H*"PH*#!`,
M#`P,#`P0#`X/$`\.#!,3%!03$QP;&QL<'Q\?'Q\?'Q\?'P$'!P<-#`T8$!`8
M&A41%1H?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?
M'Q\?'Q\?'Q\?_\``$0@`/@#Z`P$1``(1`0,1`?_$`*T```$%`0$!````````
M```````#!`4&!P@!`@$!``(#`0````````````````0%`0(#!A```0,#`@,#
M"`<&`@8+`````0(#!``1!1(&(1,',4$446'1(C)2%0AQ@9%"(Y,6H6)RDK-4
MA#BQX8+2,R1#4V-SHS1T)54V-Q$``@$#`04&!00"`P````````$"$0,$,2%!
M41(%<:&Q,A,5\&&!(C21T4(SP2/A8A3_V@`,`P$``A$#$0`_`.J:`*`*`*`*
M`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`*`H
MW5SJ,=CX&-+8;0_/ER$-,,+O8MI.IY7`CL1P'G(J;@XOK2:>B1$R\GTHUWLN
M.-R$7(X^-/BK#D:6TAYE8[T.)"A^PU$G%Q;3U1)C)22:WBSJG$M+4VCF.!)*
M$7TZB!P%^Z]81LS%,OU/ZBQ^J6$VO.CQ<5$E28Y=98/B5.L/*(LIU83;L(.E
M(JXMX=EV)33<FD_D54\JZKR@TD;;5,6H4`4!FW5;+=5X.5PR-EP_$0G5'QJD
MMI=NO4`$.E7L-Z?O#[:L,*%B49>H]I"RYWDUZ:-(05E"2L`+L-0'$`]]JKV3
M3V@"@"@"@"@"@"@"@"@"@"@*_NS?NU=IML+SDY,94E02RT`5N$$V*]";JTI[
MS7>QC3N^5'&[?A;\S)?&Y/'Y.&W-Q\EN7$>&IM]E06@CZ17*<'%T:HSI&2DJ
MK:AS6IL%`4+J?U;PVR(P8"1-SCZ"J-!2;!([G'B/91?ZSW5.P\&5YUTCQ(>5
MF1M+C(D.F&_(^]-K,Y.R6Y[1Y.1CH[$/)\@))TJ'K)KGF8SLSY=VXWQ<A785
MWEMJ*20H`H`H`H`H#G_J%A)W4?+[JGPUJ5!VA'\)C$)]EZ6D\V5]/JC3]E7N
M+<6/&">LW5]FXILFV[[DUI#3MWEA^6S=WQ/:;V"?7>5AE_@@GB8SQ*D?RJU)
M^RN'5K'+<YEI+Q.W3+W-#E>L37ZJ2S,!ZD_YA]J?X/\`K.5>XGXD_J4^3^5'
MZ>)J.[>JNQMK:V\GDD*F-]L&/^,_?R%"?9_VB*K+&%=N>5;.)87<JW;U>T8;
MIZU['VVU$\:\Z[+F,-R6X+"`MY#;J0I!=!(2BX/8372ST^Y<K31;S2[FVX)5
MWDKLCJ1M7>;#J\-(47X]C(AO)Y;R`>Q13<W3YP37+(Q)V7]R.EC)A=7VLCMQ
M]9]@8*4F$Y/\;.4XEHQH0YRDJ4H)]=0(0FU_>O72U@79JM*+YFES-MP=*U9+
M;JZA;/VLC_WK)-,/E.I$1)UOJ'=9M-U<?*>%<K.+<N>5'2[D0M^9D2_UDV3&
MVO!W#*>=98R868,(HU2W0VLH44M))X73VDVKJL"XYN"W:\#F\RVH*3WBNQ>K
M6T=YR'8F+<=9G,IYBHDE`;6I`-BI%BI*@._C>L9.%<LJLM!8RX771:E@W%N;
M";=QYGY>4F-'U!#8(*EN+/LH;0D%2U'N`%1[5F5QTBCO<N1@JLILOKCMG'2&
M49C&9?$QI!`8F38:FVE>?M*OV7J7'ITY+[7&78R*\Z*?W*4>U%_@SH<^(S,A
MO(D19"0XR\V0I"DJX@@BH4HN+H]29&2:JA:M3(4`4`DF9$5)5%2^V92$ZUL!
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M=%L9H-0":%`%`%`5GJ1NQ&U=F9+,7'B&VRW#2?O2'/5;'U$W/F%2<2SZMQ1.
M&3=].#D4[IKO+IGMC9L'%O[D@JG+29&267+E<E_UW2?+8G3]52LNQ>N7')1=
M-W81\:[;A!+F53+-L[APNSNM*W\/.:E;;G/E@O,JU-B/+(4D'_N7"/LJSO6I
M7<>DE2:_Q^Y6V[D;61L?VLZJKS)Z$P'J3_F'VI_@_P"LY5[B?B3^I3Y/Y4?I
MXCKYHL?`9V_B9;49IN2N:X%O)0E*U!32BK40+FY`[:TZ/-N;5=E#;JL5RI_,
MT#8^P]K1MJPR[!:G2,A&:>GRY:$O//*<:23J4H'U0/52D<`*@Y&3-S>VE'LH
M3+&/!06RM5O,4FXH=.NN^/9Q94WC9;[)::N?_+3%<MQHW[0E5[?0*N(S_P#1
MBOFU7BBJE'T,E4T?^29^8_'PHNY=JN1F&V%.%:5\M`1?2\V1>UO>-<>E2;A.
MIUZE%*<*%]Z_8Z$YTURLI4=LRFU1U)?TC6+/)3[5K]BB*A=,FU>2KLVDSJ,4
M[3?8(=`]N89K86-S'ATN9*6AP.RG?76E"'5I2VV5>P@6]E/?QK/4KLG=<:[$
M8Z?:BK:EO*3DHS&(^9R"("`PB4IM3K:!I22_'4'.`]XBY\]3(-RPG7=^Y$DE
M'+5-_P"Q+Y#.Y;+=>)#<7%_&D[:B%,&"I]N.EMU81S)`+@*2K\32.^N4;48X
MJJ^7G>UZ_0ZRNRED-)<W*BP[[9WWNS:T[!N;.0TJ2D<B0O(QEAIU)"DN`!(/
M"W=7#&=JU-2Y]/\`JSM?]2Y!QY.]#GHAM?=^V-M2<1N)M#:6Y!<@)0ZET!MQ
M(*T^KV#7<V\]:]1O6[DU*'#:;8-J=N'+(T6J\FC3*Y?&8F"[/R<EN)#9%W'W
M5!*1]O:?,*WA"4G2*JS6<U%5>Q'-/4'Y@MRY>9(A[;=.+PX)0U(0+2G4CAK*
MC_PPKN">/GKT.+TN$4G/;+N*#)ZG*3I#8C/-O3=P#<+,W&SG8^322ZO(J6;H
M0D:G''5&]T!/M`]O95A=C#DHULX$*S.?/5/;Q-&SGS([ND01!Q;;,=81RW<H
M4?BNFUBXAN^AJ_;;C:J^WTFVG67Z$Z[U2=*1_4R)2E*4I:R5+62I:E&Y)/$D
MD]I-6I5-U/*R8/0"2``22;`#B23W"L&4C2L?U,W#M/I_*V@AT)R3[IY"T*)<
MA1W1=U"B.`<*CZH'LW-^-5TL2%VZKF[Q+)94K5KD_EX&:58E:%9,!0#C'Y"7
MCI\;(0UEN7$=0\PX.Y:#J%:SBI)IZ,WA-Q::W';>SMRQ-S;:@9N-8(F-!3C8
M-]#@X.(/\*@17C;]EVYN+W'KK-U7(*2WDS7$ZA0!0&7[G+6\.JN*VP+/8G;2
M/BN80;*0N0KU8[2AV&U]1'GJRL_ZK#G_`"GL79O(-W_9=4-T=K-`_3FWO_BX
MGY#?^[4'U9\7^I+]./!&0_,?L:"=L1L_CHK4=W&.\N4&4)1J8?(3<Z0/87;[
M:M>E9+YW!O4K.IV%R*26A>.CV[T[HV+!E..!<^(GPD\7];FM``*/\:;*J%GV
M/3NM;GM1,PKWJ6T]YF_4H@?,/M2Y_LOZRZL<3\2?U\"#D_E1^GB27S3_`/U7
M#_\`K5?T55RZ-YY=AOU7R1[35=GNM/;3PKC2@MM4&,4J'$'\)-5E]4N2[66%
MA_9'L1CN\X/ZJ^87#P(8YK>%:8=R+B>(0&5J?(4?+ZR4_2:ML>7I8DF_Y5IX
M%;?AZF2DOXTKXB7S,$?J#:7'[SA_\5JMND>29KU/SP^I?NO)`Z69FY[>0!^>
MBH/3?[X_7P)O4/Z7\;S[Z%?_`)7@_P"![^NNL=1_OE\;A@?TQ^-YG>Z?\SF(
M_P`-_074^S^$_KXD*[^6ACNS+R.GG7IW/26EKQF32''"D<5L/(2AW3Y5-N(O
M;TUO8@K^+R+S(TO3=C)YGHS=8F]=HR\8,FQF(BH)3K+Q>0D`=OK!1!2?,>-4
MLL>XGRN+J6ZOP:K54&NRMT/[F9GY1I`3A#)+.&=*2E;S320EQ\W^ZMS5HX=@
MK;(LJW2/\J;3%FZYU?\`&NPHG6;K2QM]I[;^WW0[GEC1)DIXIB`C]KOD'W>T
MU.P.GNY]\_+X_P#!"SLY6URQ\W@<V3LME<@09\V1,(-QSW5N<?+ZQ->AC;C'
M1)%!*[*6KJ(QXTB2^B/';4\^Z=+;:!=1-9;256:QBVZ(E)3D?&07\;'=2_,E
M:1D)#9NVE"#J##:OO>M8K5V&UA7.*<G5Z+3]SM)J"Y5J]2'KL1PH!:)$DRY"
M(\5I3SZ_90GMX=I/D`[R:UE))59M&+DZ(DQ)B84_\DXF5EA<*FIXLQSV$,>^
MO_M.P?=\M<J.>NR/CVG?F5O3;(AR222222;DGB23WFNQ';/*R8"@"@"@-O\`
MEHWKX7)RMIRW+,3KR<>%'@'T#\5`_C0-7U52]7QZQ5Q;M2YZ5D4;@_H=&UY\
MO0H",W*]#:P[WC,FK$,N:4>/0M"%H)/#2I84D$]G96T)4=:5-9*JI6AF&'VG
MTUP^5>RV-WO+8R,FYE2/&LK4]<ZCS-39"N/'C4Z>?*<>5QC1?(B0PHQ?,I2J
M:&G?NRPD`YN(2!:Y=3<U`)I5]Z?H#=S'A,ANU3&/4$AR#%DLMM+*5:@I=T*4
M>/GM4C'R7:=4E7B1[]A7%1MT(3;.TNF&V):I.#WG)AK<MSD)ELJ;<">P+0IL
MI-J[WNH2N*DHQ9RM84;;K%R0GE=E]+,KFAG)^\I+N50I"FY?BV4J06S=&C2V
M`G3W6K,.HSC'E48\IB>#&4N9N52*^8E*4[!P"FY[F3;5,4MJ<Z4*4XE3*BDW
M;2A)^RI7295N2=*;"-U.-+<56NTFX&%A[=PF,C1-ZS<!%GPVI(QQ;;DI1S$`
MK+"W$+4V"HDVO46]E1<WS04FGKH2+6.U!<LFE0FMG2^EFU&'QC\GSIDQ7,GY
M&3S')+Z^V[BRCRGL'"HU_(G=>W1:+<2;-B-O37B5[=.V^EFZ<B)^;W5.DO-@
MI82%:$-(*M6E"4L"W'ZZ[V<^5M4BHG"[A1N.LFQUFX.P<[BD8G+;TR,O'H*3
MR5*2-11[)6I+`4JWGK6WF.$N:,8I_'S-IXJFN64I-?'R'FTE[!VM"7`Q>[)9
M@%#@:C/6<2TMS_I&[LW!!XVO:_=6E_*=UUE%5-K..K:HFZ$)+VGTLEYX;@D;
MNR+F:2M+J9W,LM*FQ9&FS%@$@6M:U=X]1DH\BC'EX'*6#%RYFY<Q8=RN]*]S
MX)G$Y[*^-4QQ9R"DJ1)2OWTK0VE()[QIL?)4>SDSMRYH[/EN.]W'C<CRRVE`
MQW2;HTQ.2_-W*_.C)5J\*I!;"K=RUH1J(^BU3I]7N-4229#ATN"=6VS76][=
M/F<<G'Q\BW&B(;Y+3;*76]"`-(""E(TV'9:JIR;=7J6/*DJ+0HZMF_+RM2EK
M"5K42I2U.S"23Q)))XDU-]RO\>Y$1X%GAWL\_17R[>XC\V7Z:>Y7^/<A[?9X
M=['$?;/0".P^RQH;3(`2\I+DH+*!]S7[02>\#MK5]0O-U;-EA6DJ)#?]%?+M
M[B/S9?IK;W*_Q[D:^WV>'>P_17R[>XC\V7Z:>Y7^/<A[?9X=[#]%?+M[B/S9
M?II[E?X]R'M]GAWL<-;9Z`-1'8C7+;:?(+^ER4%+`[$J5[6G]V]JU?4+S=:F
MRPK25*#?]%?+M[B/S9?IK;W*_P`>Y&OM]GAWL/T5\NWN(_-E^FGN5_CW(>WV
M>'>P_17R[>XC\V7Z:>Y7^/<A[?9X=[#]%?+M[B/S9?II[E?X]R'M]GAWL/T5
M\NWN(_-E^FGN5_CW(>WV>'>P_17R[>XC\V7Z:>Y7^/<A[?9X=['6+VQT$@Y*
M+,QY2U.CNH7%<2[+N'`KU>TV[:UGU"])--['\D;0PK475+;VLURH1+"@/EQI
MIU.AQ"5I]U0!'V&@$OA\#^V:_D3Z*`/A\#^V:_D3Z*`/A\#^V:_D3Z*`/A\#
M^V:_D3Z*`/A\#^V:_D3Z*`RWJST^WWOAJ-CHB,=!Q<%Y;C*E.NJ<<NDH22E+
M6E`TGL%ZM,')M6:M\S;*[,Q[EVB5$D7?9<;=,3$1\?N!B&E<)AIAJ1$<6L.!
MM.FZD+0C3P`[S4/(<')N%=O$EV%-12E39P+#I3Y!4<[%<FYW)P\K(BO-1C'C
M0U9!Q:=>ODH64E`'9JTBL@^7=P95IC%R5QHY8S"D-,A)45,N/H*VM?OIX65I
MM0""MU9%C&9&<_'CK,.0]#CL(4I*G7VU!*?65P`4+F@)&)N!$S*P&(R$+A3H
M*IR'N.O@I"0FW9]^L`)N4R8SZL3"9CDB'XM*WBH75S"WH.D</IH"-A[QF2C%
M2B`E"\FBV-!)(YS*RB2VZ0.`;TZPH>TGSUD"J=X76_%<CH8G-OZ(H</X<E@/
MAE3C2A]Y-_61VCZ*`<L[JBN9G)X[EI'@62\TY<'F<NX>%N[EJL*P!M`WM&EC
M"I$8H>R2U-2VSVQG$(5ZB_.I:;)\HXUD'N.W/-R#\>$U'9;EOF6M2U%1;2S$
M?Y%P.!4I:K<+\*`>9C*9'%XAJ2XRPN6J0S'4D%7+L\\&PH?>[%`VK`&4_<^0
M@R),)^(R93*HBFG$J5RW&);_`"+VMJ2M"K\.^L@6C[BF.R'H"H[2,DQ+6RZW
M=12(R4<U+_E]=)2!Y^%8`ACMR93('%MLQX[;N0@N3%:RLI2I"TI"!8=AU]M9
M!\1MWRI,J#'$5N.M_P`2B2%!;NAZ(\EE:4EL<4JU7"C]=`*?K`<R3%<C)CS6
MY!1#2Z?PY+`?#2G&E#[R+^LGM'T4!Y(W/DF(N4GF(PY#Q,I;#[:5*#JFD!!4
MXFXTZ@%WT^;MH!YF<X_#R>.AL-MEN<VZLNK2XHIY6BPTM@GCK[>ZL`3C;@EN
MQ%/%AD+3DSCR`56T![E:_P"+OM0"$/>'B%)C+C)C3S)2VEIPW2[&6\6@^RH>
MU^\/NGMK(/E>Z<BS#D9)V(RN#$G+AR$ME0="$O!D.IN+*XD$IH"UU@!0!0!0
M!0!0!0!0!0!0!0$2ZG"?J!2G5'XEX(\Q"M?+\+KXZKCE^WY[T`QQ"-J`P%0W
M'%,$J^%(=YW)!TF_(Y@"?9OIL>SV>%`>P&]KB;>.XX7?&R?57S>7XO2>??6-
M-]-[=WDH!I":V:9$8P'I`7RY!BA@2=/)YXYX39-M'-_U<*R"0R+>!5G2779"
M,IX3UDL!^_A>8?\`JTD>W]=8!ZA.V"_@RPJQ`<^#I9UZ".7^)[(T^QVZ_P#3
M0"3J=HB#%$A:2T9Q\"IW7S!,YIORKC7?F7[.'U4`VEM[,,2$EUUP`)E>'4@/
M\XHL?%:](UV][560+NIV:9+@U($OQT?G%K7S/&<H<G5H';R_J\M8`@VWLWE0
MTLNNATR9/@%MA_Q`=UGQ.BR=>C5?5PTUD#W*-X#X$TG(./B")#>E:N?SB_S1
MR[V',OS+=W[*P!O,;VGR)*9;KNL/1?%+7S^>7-8\-JX:].OV;#3^V@)*V!^-
MR])0,QX1'BM-^9X?4K1>W[U_/0$/#:VB?A0A/20L1'/AI9$G48NI.OL3>VK3
M[7&L@50C:2I./,5QU+H9>\&(W/XM<Q//UZ`>/,MKU<;T`K(3M`08XEJ2ICQY
M,0O:]?C.<>#=P%_\2_9PMYJ`2Y>T@Y.4XZZ6/&?\^AP/^&\5ZGMW3H]SOT]E
M`2<U.(.>QQD*4,F&W_`I&O2463SKV&CW?:K`&3"-K_$7%-+7K\80ML<WP_C;
M<2.'+YGU]OGH#Q*=H"+B`XI*D^*/PA3NOF^(U*OHU`+[;W[J`1C-[2!<4'75
=,>.7S$O!_D>-YG&^M(1?F=ES:_9606BL`*`__]D_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.CODE ETH
<SEQUENCE>12
<FILENAME>c71227_ex99-codeeth.htm
<TEXT>

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

<P ALIGN=RIGHT><FONT SIZE=2><U><B>Exhibit 12(a)(1)</B></U></FONT></P>

<P ALIGN=CENTER><FONT SIZE=2>ALPINE EQUITY TRUST<BR>
ALPINE SERIES TRUST<BR>
ALPINE INCOME TRUST<BR>
ALPINE GLOBAL DYNAMIC DIVIDEND FUND<BR>
ALPINE TOTAL DYNAMIC DIVIDEND FUND<BR>
ALPINE GLOBAL PREMIER PROPERTIES FUND</FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><U><B>Senior Officer Code of Ethics</B></U></FONT></P>

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

<P ALIGN=JUSTIFY><FONT SIZE=2>The 1940 Act requires Funds to file annual and semi-annual reports on
Form N-CSR containing certain financial-related information. Each N-CSR must
contain: (i) the Alpine Funds&#146; annual or semi-annual shareholder report
certified by the proper officers of the Alpine Funds; and (ii) new disclosures
concerning the Alpine Funds&#146; audit committee financial expert(s), disclosure
controls and procedures, the code of ethics governing conduct of the Alpine
Funds&#146; senior financial officers, and any policies regarding pre-approval of
audit and non-audit services. This report also must describe any non-audit
services that were pre-approved (and related fees) during the reporting period.
These requirements are designed to restore investor confidence in the
securities markets by requiring disclosure of certain Fund governance matters
and financial reporting.</FONT></P>

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

<P ALIGN=JUSTIFY><FONT SIZE=2>The Funds&#146;
procedures set forth in the administrator section (&#147;Shareholder and SEC
Reports&#148;) of this Manual are intended to implement the certification and
disclosure requirements cited above.</FONT></P>

<P><FONT SIZE=2><B>A. <U>Senior Officer Code of Ethics</U></B></FONT></P>

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

<P ALIGN=JUSTIFY><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section
    406 of the Sarbanes-Oxley Act of 2002 directs that rules be adopted disclosing
whether a company has a code of ethics for senior financial officers. The U.S.
Securities and Exchange Commission (the &#147;SEC&#148;) has adopted rules requiring
annual disclosure of an investment company&#146;s code of ethics applicable to
the company&#146;s principal executive as well as principal financial officers,
if such a code has been adopted. In response, the Alpine Equity Trust, the Alpine
Series Trust, the Alpine Income Trust, the Alpine Global Dynamic Dividend Fund,
the Alpine Total Dynamic Dividend Fund and the Alpine Global Premier Properties
Fund (the &#147;Trusts&#148;)
have adopted this Code of Ethics.</FONT></P>

<P><FONT SIZE=2><B>Statement of Policy</B></FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;It is the
obligation of the senior officers of the Trusts to provide full, fair, timely
and comprehensible disclosure&#151;financial and otherwise&#151;to Fund shareholders,
regulatory </FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4><P ALIGN=LEFT STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P ALIGN=JUSTIFY><FONT SIZE=2>authorities and the general public. In fulfilling that obligation,
senior officers must act ethically, honestly and diligently. This Code is
intended to enunciate guidelines to be followed by persons who serve the Fund
in senior officer positions. No Code of Ethics can address every situation that
a senior officer might face; however, as a guiding principle, senior officers
should strive to implement the spirit as well as the letter of applicable laws,
rules and regulations, and to provide the type of clear and complete disclosure
and information each Trusts&#146; shareholders have a right to expect.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The purpose
of this Code of Ethics (the &#147;Code&#148;) is to promote high standards of ethical
conduct by Covered Persons (as defined below) in their capacities as officers
of the Trusts, to instruct them as to what is considered to be inappropriate
and unacceptable conduct or activities for officers and to prohibit such
conduct or activities. This Code supplements other policies that the Trusts and
its adviser have adopted or may adopt in the future with which Trust officers
are also required to comply (e.g., code of ethics relating to personal trading
and conduct).</FONT></P>

<P><FONT SIZE=2><I>Covered Persons</I></FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Code
applies to those persons appointed by the each Trusts&#146; Board of Directors as
Chief Executive Officer, President, Chief Financial Officer and Chief
Accounting Officer, or persons performing similar functions. </FONT></P>

<P><FONT SIZE=2><I>Promotion of Honest and Ethical Conduct</I></FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In serving
as an officer of a Trust, each Covered Person must maintain high standards of
honesty and ethical conduct and must encourage his or her colleagues who
provide services to the Trusts, whether directly or indirectly, to do the same.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
Covered Person understands that as an officer of a Trust, he or she has a duty
to act in the best interests of the Trust and its shareholders. The interests
of the Covered Person&#146;s personal interests should not be allowed to compromise
the Covered Person from fulfilling his or her duties as an officer of the
Trust. </FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If a
Covered Person believes that his or her personal interests are likely to
materially compromise his or her objectivity or ability to perform the duties
as an officer of a Trust, he or she should consult with the Trusts&#146; chief legal
officer or outside counsel. Under appropriate circumstances, a Covered Person
should also consider whether to present the matter to the Trustees of the
Trusts or a committee thereof for their consideration.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No Covered
Person shall suggest that any person providing, or soliciting to be retained to
provide, services to a Trust give a gift or provide entertainment, without
regard to its value, or an economic benefit of any kind to him or her in
connection with the person&#146;s retention or the provision of services.</FONT></P>

<P><FONT SIZE=2><I>Promotion of Full, Fair, Accurate, Timely and
Understandable Disclosure</I></FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4><P ALIGN=LEFT STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P ALIGN=JUSTIFY><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No Covered
Person shall create or further the creation of false or misleading information
in any SEC filing or report to Trust shareholders. No Covered Person shall
conceal or fail to disclose information within the Covered Person&#146;s possession
legally required to be disclosed or necessary to make the disclosure made not
misleading. If a Covered Person shall become aware that information filed with
the SEC or made available to the public contains any false or misleading
information or omits to disclose necessary information, he or she shall
promptly report it to Fund counsel, who shall advise such Covered Person
whether corrective action is necessary or appropriate.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
Covered Person, consistent with his or her responsibilities, shall exercise
appropriate supervision over and shall assist Trust service providers in
developing financial information and other disclosure that complies with
relevant law and presents information in a clear, comprehensible and complete
manner. Each Covered Person shall use his or her best efforts, within his or
her area of expertise, to ensure that Trust reports reveal, rather than conceal,
each Trusts&#146; accurate financial condition.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
Covered Person shall seek to obtain additional resources if he or she believes
that available resources are inadequate to enable the Trust to provide full,
fair and accurate financial information and other disclosure to regulators and
Fund shareholders.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
Covered Person shall inquire of other Trust officers and service providers, as
appropriate, to assure that information provided is accurate and complete and
presented in an understandable format using comprehensible language.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
Covered Person shall diligently perform his or her services to the Trusts, so
that information can be gathered and assessed early enough to facilitate timely
filings and issuance of reports and required certifications.</FONT></P>

<P><FONT SIZE=2><I>Promotion of Compliance with Applicable
Government Laws, Rules and Regulations</I></FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
Covered Person shall become and remain knowledgeable concerning the laws and
regulations relating to the Trusts and their operations and shall act with
competence and due care in serving as an officer of the Trusts. Each Covered
Person with specific responsibility for financial statement disclosure will
become and remain knowledgeable concerning relevant auditing standards,
generally accepted accounting principles, FASB pronouncements and other
accounting and tax literature and developments.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
Covered Person shall devote sufficient time to fulfilling his or her
responsibilities to the Trusts.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
Covered Person shall cooperate with the Trusts&#146; independent auditors,
regulatory agencies and internal auditors in their review or inspection of the
Fund and its operations.</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4><P ALIGN=LEFT STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P ALIGN=JUSTIFY><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No Covered
Person shall knowingly violate any law or regulation relating to the Trusts or
their operations or seek to illegally circumvent any such law or regulation.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No Covered
Person shall engage in any conduct involving dishonesty, fraud, deceit or
misrepresentation involving the Trusts or their operations.</FONT></P>

<P><FONT SIZE=2><I>Promoting Prompt Internal Reporting of
Violations</I></FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
Covered Person shall promptly report his or her own violations of this Code and
violations by other Covered Persons of which he or she is aware to the Chairman
of the Fund&#146;s Audit Committee.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any
requests for a waiver from or an amendment to this Code shall be made to the
Chairman of the Fund&#146;s Audit Committee. All waivers and amendments shall be
disclosed as required by law.</FONT></P>

<P><FONT SIZE=2><I>Sanctions</I></FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Failure to
comply with this Code will subject the violator to appropriate sanctions, which
will vary based on the nature and severity of the violation. Such sanctions may
include censure, suspension or termination of position as an officer of the
Fund. Sanctions shall be imposed by the Fund&#146;s Audit Committee, subject to review
by the entire Board of Directors of the Fund.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
Covered Person shall be required to certify annually whether he or she has
complied with this Code.</FONT></P>

<P><FONT SIZE=2><I>No Rights Created</I></FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Code
of Ethics is a statement of certain fundamental principles, policies and
procedures that govern the Fund&#146;s senior officers in the conduct of the Fund&#146;s
business. It is not intended to and does not create any rights in any employee,
investor, supplier, competitor, shareholder or any other person or entity.</FONT></P>

<P><FONT SIZE=2><I>Recordkeeping</I></FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Fund
will maintain and preserve for a period of not less than six (6) years from the
date such action is taken, the first two (2) years in an easily accessible
place, a copy of the information or materials supplied to the Board (1) that
provided the basis for any amendment or waiver to this Code and (2) relating to
any violation of the Code and sanctions imposed for such violation, together
with a written record of the approval or action taken by the Board.</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4><P ALIGN=LEFT STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2><I>Amendments</I></FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Directors will make and approve such changes to this Code of Ethics as they
deem necessary or appropriate to effectuate the purposes of this Code.</FONT></P>



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

<P ALIGN=CENTER><FONT SIZE=2><U><B>CODE OF ETHICS FOR SENIOR OFFICERS</B></U></FONT></P>

<P><FONT SIZE=2><B>I HEREBY CERTIFY THAT:</B></FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="4%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="4%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="98%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(1)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>I have read
 and I understand the Code of Ethics for Senior Officers adopted by the Alpine
 Equity Trust and Alpine Series Trust (the &#147;Code of Ethics&#148;);</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(2)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>I recognize
 that I am subject to the Code of Ethics;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(3)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>I have
 complied with the requirements of the Code of Ethics during the calendar year
 ending December 31, _______; and</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(4)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>___I have
 reported all violations of the Code of Ethics required to be reported
 pursuant to the requirements of the Code during the calendar year ending
 December 31, _____.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP COLSPAN=2>
 <P><FONT SIZE=2>Set forth
 below exceptions to items (3) and (4), if any:</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP COLSPAN=2>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP COLSPAN=2>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP COLSPAN=2>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP COLSPAN=2>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP COLSPAN=2>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP COLSPAN=2>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP COLSPAN=2>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 </TR>
  <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP COLSPAN=2>

 <HR SIZE=1 WIDTH="30%" NOSHADE COLOR=BLACK ALIGN=left>

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

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="4%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="20%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="74%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP NOWRAP>
 <P><FONT SIZE=2>Name:</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Date:</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4>
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.CERT
<SEQUENCE>13
<FILENAME>c71227_ex99-cert.htm
<TEXT>

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

<P><FONT SIZE=2><B>EX-99.CERT</B></FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><U><B>CERTIFICATIONS</B></U><BR>(Form for Principal Executive Officer or
Principal Financial Officer)</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="4%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="4%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="92%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=2>I, Samuel A. Lieber, Chief Executive Officer of the Alpine Total Dynamic Dividend Fund certify that:</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>1.</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=2>I have reviewed this report on Form N-CSR of the Alpine Total Dynamic Dividend Fund;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>2.</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P ALIGN=JUSTIFY><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;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>3.</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P ALIGN=JUSTIFY><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, changes in net assets, and
 cash flows (if the financial statements are required to include a statement
 of cash flows) of the registrant as of, and for, the periods presented in
 this report;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>4.</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=2>The registrant&#146;s other certifying officers and I are responsible for
 establishing and maintaining disclosure controls and procedures (as defined
 in Rule 30a-3(c) under the Investment Company Act of 1940) and internal
 control over financial reporting (as defined in Rule 30a-3(d) under the
 Investment Company Act of 1940) for the registrant and have:</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(a)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><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;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(b)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><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;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(c)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=2>Evaluated the effectiveness of the registrant&#146;s disclosure controls
 and procedures and presented in this report our conclusions about the
 effectiveness of the disclosure controls and procedures, as of a date within
 90 days prior to the filing date of this report based on such evaluation; and</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(d)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=2>Disclosed in this report any change in the registrant&#146;s internal
 control over financial reporting that occurred during the second fiscal
 quarter of the period covered by this report that has materially affected, or is reasonably
 likely to materially affect, the registrant&#146;s internal control over financial
 reporting; and</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

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

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="4%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="4%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="92%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>

 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>5.</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=2>The registrant&#146;s other certifying officer(s) and I have disclosed to
 the registrant&#146;s auditors and the audit committee of the registrant&#146;s board
 of directors (or persons performing the equivalent functions):</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(a)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><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&#146;s ability to record, process,
 summarize, and report financial information; and</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(b)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=2>Any fraud, whether or not material, that involves management or other
 employees who have a significant role in the registrant&#146;s internal control
 over financial reporting.</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="29%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="65%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Date:</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>January 7,
 2013</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>/s/ Samuel
 A. Lieber</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=2 VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>Samuel A.
 Lieber</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>Chief
 Executive Officer (Principal Executive Officer)</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4><P ALIGN=LEFT STYLE='PAGE-BREAK-BEFORE: ALWAYS'></P><PAGE>
<P><FONT SIZE=2><B>EX-99.CERT</B></FONT></P>

<P ALIGN=CENTER><FONT SIZE="2"><U><B>CERTIFICATIONS</B></U><BR>(Form for Principal Executive Officer or
Principal Financial Officer) </FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="4%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="4%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="92%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=2>I, Ronald G. Palmer, Jr., Chief Financial Officer of the Alpine
 Total Dynamic Dividend Fund certify that:</FONT></P>
 </TD>
 </TR>
<TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>1.</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=2>I have reviewed this report on Form N-CSR of the Alpine Total Dynamic Dividend Fund;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>2.</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P ALIGN=JUSTIFY><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;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>3.</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P ALIGN=JUSTIFY><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, changes in net assets, and
 cash flows (if the financial statements are required to include a statement
 of cash flows) of the registrant as of, and for, the periods presented in
 this report;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>4.</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=2>The registrant&#146;s other certifying officers and I are responsible for
 establishing and maintaining disclosure controls and procedures (as defined
 in Rule 30a-3(c) under the Investment Company Act of 1940) and internal
 control over financial reporting (as defined in Rule 30a-3(d) under the
 Investment Company Act of 1940) for the registrant and have:</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(a)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><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;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(b)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><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;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(c)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=2>Evaluated the effectiveness of the registrant&#146;s disclosure controls
 and procedures and presented in this report our conclusions about the
 effectiveness of the disclosure controls and procedures, as of a date within
 90 days prior to the filing date of this report based on such evaluation; and</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(d)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=2>Disclosed in this report any change in the registrant&#146;s internal
 control over financial reporting that occurred during the second fiscal
 quarter of the period covered by this report that has materially affected, or is reasonably
 likely to materially affect, the registrant&#146;s internal control over financial
 reporting; and</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

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

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="4%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="4%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="92%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>

 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>5.</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=2>The registrant&#146;s other certifying officer(s) and I have disclosed to
 the registrant&#146;s auditors and the audit committee of the registrant&#146;s board
 of directors (or persons performing the equivalent functions):</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(a)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><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&#146;s ability to record, process,
 summarize, and report financial information; and</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>(b)</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=2>Any fraud, whether or not material, that involves management or other
 employees who have a significant role in the registrant&#146;s internal control
 over financial reporting.</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="27%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="67%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Date:</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>January 7,
 2013</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>/s/ Ronald
 G. Palmer, Jr.</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=2 VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>Ronald G.
 Palmer, Jr.</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>Chief
 Financial Officer (Principal Financial Officer)</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4>
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.906 CERT
<SEQUENCE>14
<FILENAME>c71227_ex99-906cert.htm
<TEXT>
<HTML>
<HEAD><TITLE></TITLE></HEAD>
<BODY>

<P><FONT SIZE=2><B>EX-99.906CERT</B></FONT></P>

<P ALIGN="JUSTIFY"><FONT SIZE=2>This
certification is furnished pursuant to Section 906 of the Sarbanes-Oxley Act of
2002, 18 U.S.C. &sect; 1350, and accompanies the report on Form N-CSR for the period
ended October 31, 2012 of the Alpine Total Dynamic Dividend Fund., (the &#147;Company&#148;).</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="20%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="75%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=TOP>
 <P><FONT SIZE=2>I, Samuel A.
 Lieber, Chief Executive Officer of the Company, certify that:</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>1.</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P ALIGN="JUSTIFY"><FONT SIZE=2>This Form N-CSR filing for the Alpine Total Dynamic Dividend Fund
 (the &#147;Report&#148;) fully complies with the requirements of Section 13(a) or 15(d)
 of the Securities Exchange Act of 1934; and</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>2.</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=2>The information contained in the Report fairly presents, in all
 material respects, the financial condition and results of operations of the
 Fund.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>By:</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>/s/ Samuel
 A. Lieber</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>

 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Samuel A.
 Lieber</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=2>Chief
 Executive Officer (Principal Executive Officer)</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Date:</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>January 7,
 2013</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

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

<P><FONT SIZE=2><B>EX-99.906CERT</B></FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2>This certification is furnished pursuant to Section 906 of the
Sarbanes-Oxley Act of 2002, 18 U.S.C. &sect; 1350, and accompanies the report on
Form N-CSR for the period ended October 31, 2012 of the Alpine Total Dynamic Dividend Fund., (the &#147;Company&#148;).</FONT></P>

<TABLE BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="100%">
 <TR STYLE="FONT-SIZE:1PX">
 <TD WIDTH="5%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="20%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 <TD WIDTH="75%" VALIGN=TOP>
 <P>&nbsp;</P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=2>I, Ronald G. Palmer, Jr., Chief Financial Officer of the Company,
 certify that:</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD COLSPAN=3 VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>1.</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=2>This Form N-CSR filing for the Alpine Total Dynamic Dividend Fund
 (the &#147;Report&#148;) fully complies with the requirements of Section 13(a) or 15(d)
 of the Securities Exchange Act of 1934; and</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>2.</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=2>The information contained in the Report fairly presents, in all
 material respects, the financial condition and results of operations of the
 Fund.</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>By:</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=2>/s/ Ronald G. Palmer, Jr.</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>

 <HR SIZE=1 WIDTH="100%" NOSHADE COLOR=BLACK ALIGN=CENTER>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=2>Ronald G. Palmer, Jr.</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD COLSPAN=2 VALIGN=TOP>
 <P ALIGN=JUSTIFY><FONT SIZE=2>Chief Financial Officer (Principal Financial Officer)</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
 <TR>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>Date:</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=2>January 7,
 2013</FONT></P>
 </TD>
 <TD VALIGN=TOP>
 <P><FONT SIZE=1>&nbsp;</FONT></P>
 </TD>
 </TR>
</TABLE>

<BR>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4>
</BODY>
</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.PROXYPOL
<SEQUENCE>15
<FILENAME>c71227_ex99-proxypol.htm
<TEXT>

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

<P><FONT SIZE=2><B>EX-99.PROXYPOL</B></FONT></P>

<P ALIGN=CENTER><FONT SIZE=2><B>PROXY VOTING GUIDELINES</B></FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Board
of Trustees of the Alpine Funds (the &#147;Funds&#148;) has approved the delegation of
the authority to vote proxies relating to the securities held in the portfolios
of the Funds to the Adviser after the Board reviewed and considered the proxy
voting policies and procedures used by the Adviser which uses an independent
service provider, as described below.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Adviser&#146;s goal in performing this service is to make proxy voting decisions:
(i) to vote or not to vote proxies in a manner that serves the best economic
interests of the Funds; and (ii) that avoid the influence of conflicts of
interest. To implement this goal, the Adviser has adopted proxy voting
guidelines (the &#147;Proxy Voting Guidelines&#148;) to assist it in making proxy voting
decisions and in developing procedures for effecting those decisions. The Proxy
Voting Guidelines are designed to ensure that where the Adviser has the
authority to vote proxies, all legal, fiduciary, and contractual obligations
will be met.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Proxy
Voting Guidelines address a wide variety of individual topics, including, among
other matters, shareholder voting rights, anti-takeover defenses, board
structures and the election of directors, executive and director compensation,
reorganizations, mergers, and various shareholder proposals.</FONT></P>

<P><FONT SIZE=2><B>POLICIES OF THE ADVISER</B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Adviser
has delegated to Risk Metrics Group ISS Governance Services (&#147;Risk Metrics&#148;),
an independent service provider, the administration of proxy voting for the
Funds&#146; portfolio securities directly managed by the Adviser, subject to
oversight by the Adviser&#146;s Proxy Manager (in his or her absence the Director of
Institutional Operations). Risk Metrics, a Delaware corporation, provides
proxy-voting services to many asset managers on a global basis. The Adviser has
reviewed, and will continue to review annually, the relationship with Risk
Metrics and the quality and effectiveness of such services provided by Risk
Metrics.</FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Specifically,
Risk Metrics assists the Adviser in the proxy voting and corporate governance
oversight process by developing and updating the &#147;Risk Metrics Proxy Voting
Guidelines,&#148; which are incorporated into the Fund&#146;s Proxy Voting Guidelines by
reference, and by providing research and analysis, recommendations regarding
votes, operational implementation, and recordkeeping and reporting services.
The Adviser&#146;s decision to retain Risk Metrics is based principally on the view
that the services that Risk Metrics provides, subject to oversight by the
Adviser, generally will result in proxy voting decisions which serve the best
economic interests of the Funds&#146; shareholders. The Adviser has reviewed,
analyzed, and determined that the Risk Metrics Proxy Voting Guidelines are consistent
with the views of the Adviser on the various types of proxy proposals. When the
Risk Metrics Proxy Voting Guidelines do not cover a specific proxy issue and
Risk Metrics does not provide a recommendation, Risk Metrics will notify the
Adviser; and the Adviser will use its best judgment in voting proxies on behalf
of the</FONT></P>

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

<P><FONT SIZE=2>Funds&#146;
shareholders. The Risk Metrics Proxy Voting Guidelines can be found on their website (http://www.riskmetrics.com/press/2011_policy).</FONT></P>

<P><FONT SIZE=2><B>CONFLICTS OF INTEREST </B></FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Adviser
does not engage in investment banking, administration or management of
corporate retirement plans, or any other activity that is likely to create a
potential conflict of interest. In addition, because Fund proxies are voted by
Risk Metrics pursuant to the pre-determined Risk Metrics Proxy Voting
Guidelines, the Adviser generally does not make an actual determination of how
to vote a particular proxy, and, therefore, proxies voted on behalf of a Fund
do not reflect any conflict of interest. Nevertheless, the Proxy Voting
Guidelines address the possibility of such a conflict of interest arising.</FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Proxy
Voting Guidelines provide that, if a proxy proposal were to create a conflict
of interest between the interests of a Fund and those of the Adviser (or
between a Fund and those of any of the Adviser&#146;s affiliates), then the proxy
should be voted strictly in conformity with the recommendation of Risk Metrics.
To monitor compliance with this policy, and proposed or actual deviation from a
recommendation of Risk Metrics must be reported to the Proxy Manager and the
Chief Compliance Officer (&#147;CCO&#148;) for the Adviser. The Proxy Manager and CCO for
the Adviser will then provide guidance concerning the proposed deviation and
whether a deviation presents any potential conflict of interest. If the Adviser
then casts a proxy vote that deviates from a Risk Metrics recommendation, the
affected Fund (or other appropriate Fund authority) will be given a report of
this deviation. </FONT></P>

<P><FONT SIZE=2><B>CIRCUMSTANCES UNDER WHICH PROXIES WILL NOT BE
VOTED </B></FONT></P>

<P ALIGN=JUSTIFY><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Adviser, through Risk Metrics, shall attempt to process every vote for all
domestic and foreign proxies that they receive; however, there may be cases in
which the Adviser will not process a proxy because it is impractical or too
expensive to do so. For example, the Adviser, will not process a proxy in
connection with a foreign security if the cost of voting a foreign proxy
outweighs the benefit of voting the foreign proxy, when the Adviser has not
been given enough time to process the vote, or when a sell order for the
foreign security is outstanding and proxy voting would impede the sale of the
foreign security. Also, the Adviser generally will not seek to recall the
securities on loan for the purpose of voting the securities unless the Adviser
determines that the issue presented for a vote warrants recalling the security.</FONT></P>

<P><FONT SIZE=2><B>MORE INFORMATION</B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The actual voting records
relating to the Fund&#146;s portfolio securities during the most recent 12-month
period ended June 30 is available without charge, upon request by calling
toll-free, 1-888-785-5578 or by accessing the SEC&#146;s website at <I>www.sec.gov. </I>In addition, a copy of the
Funds&#146; proxy voting policies and procedures are also available by calling
1-888-785-5578 and will be sent within three business days of receipt of a
request.</FONT></P>

<HR NOSHADE ALIGN=CENTER WIDTH="100%" SIZE=4>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
