-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 BLQqsNHthNqNWbD1H4035a6nzzZOHXRHnGkfOBeR1+GjQpiQBPHf2wuVP1ebedAo
 78YzU/Ju4tMj4vj8wDWTLg==

<SEC-DOCUMENT>0000950156-06-000154.txt : 20060428
<SEC-HEADER>0000950156-06-000154.hdr.sgml : 20060428
<ACCEPTANCE-DATETIME>20060428142139
ACCESSION NUMBER:		0000950156-06-000154
CONFORMED SUBMISSION TYPE:	N-Q
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20060228
FILED AS OF DATE:		20060428
DATE AS OF CHANGE:		20060428
EFFECTIVENESS DATE:		20060428

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MFS CHARTER INCOME TRUST
		CENTRAL INDEX KEY:			0000851170
		IRS NUMBER:				043055815
		FISCAL YEAR END:			1130

	FILING VALUES:
		FORM TYPE:		N-Q
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-05822
		FILM NUMBER:		06788998

	BUSINESS ADDRESS:	
		STREET 1:		500 BOYLSTON ST
		STREET 2:		15TH FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02116
		BUSINESS PHONE:		18006372929

	MAIL ADDRESS:	
		STREET 1:		500 BOYLSTON STREET
		STREET 2:		15TH FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02116

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MFS PRINCIPAL INCOME TRUST
		DATE OF NAME CHANGE:	19890906
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-Q
<SEQUENCE>1
<FILENAME>d64544.htm
<DESCRIPTION>MFS CHARTER INCOME TRUST
<TEXT>
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 3.2 Final//EN">
<HTML>
<HEAD>
     <TITLE>MFS Charter Income Trust</TITLE>
</HEAD>

<BODY bgcolor="#ffffff">

<TABLE cellSpacing=0 cellPadding=0 width="700" border=0>
<TR valign="bottom">
     <TD align="center"><FONT face="Times New Roman, Times, serif" size="3">UNITED STATES </FONT></TD></TR>
<TR valign="bottom">
     <TD align="center"><FONT size="3">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
     <TD align="center"><FONT face="Times New Roman, Times, serif" size="3">SECURITIES AND EXCHANGE COMMISSION</FONT></TD></TR>
<TR valign="bottom">
     <TD align="center"><FONT size="3">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
     <TD align="center"><FONT face="Times New Roman, Times, serif" size="3">Washington, D.C. 20549 </FONT></TD></TR>
<TR valign="bottom">
     <TD align="center"><FONT size="3">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
     <TD align="center"><FONT face="Times New Roman, Times, serif" size="3">FORM N-Q </FONT></TD></TR>
<TR valign="bottom">
     <TD align="center"><FONT size="3">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
     <TD align="center"><FONT face="Times New Roman, Times, serif" size="3">QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF</FONT></TD></TR>
<TR valign="bottom">
     <TD align="center"><FONT face="Times New Roman, Times, serif" size="3">REGISTERED MANAGEMENT INVESTMENT COMPANIES&nbsp; </FONT></TD></TR>
<TR valign="bottom">
     <TD align="center"><FONT size="3">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
     <TD align="center"><FONT face="Times New Roman, Times, serif" size="3">Investment Company Act file number 811-5822</FONT></TD></TR>
<TR>
     <TD><HR SIZE="1" NOSHADE color="black"></TD></TR>
<TR valign="bottom">
     <TD align="center"><FONT size="3">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
     <TD align="center"><FONT face="Times New Roman, Times, serif" size="3">MFS CHARTER INCOME TRUST</FONT></TD></TR>
<TR valign="bottom">
     <TD style="BORDER-TOP: #000000 1pt solid" align="center"><FONT face="Times New Roman, Times, serif" size="3">(Exact name of registrant as specified in charter) </FONT></TD></TR>
<TR valign="bottom">
     <TD align="center"><FONT size="3">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
     <TD align="center"><FONT face="Times New Roman, Times, serif" size="3">500 Boylston Street, Boston, Massachusetts 02116 </FONT></TD></TR>
<TR valign="bottom">
     <TD style="BORDER-TOP: #000000 1pt solid" align="center"><FONT face="Times New Roman, Times, serif" size="3">(Address
of principal executive offices) (Zip code) </FONT></TD></TR>
<TR valign="bottom">
     <TD align="center"><FONT size="3">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
     <TD align="center"><FONT face="Times New Roman, Times, serif" size="3">Susan S. Newton </FONT></TD></TR>
<TR valign="bottom">
     <TD align="center"><FONT face="Times New Roman, Times, serif" size="3">Massachusetts Financial Services Company</FONT></TD></TR>
<TR valign="bottom">
     <TD align="center"><FONT face="Times New Roman, Times, serif" size="3">500 Boylston Street </FONT></TD></TR>
<TR valign="bottom">
     <TD align="center"><FONT face="Times New Roman, Times, serif" size="3">Boston, Massachusetts 02116&nbsp;</FONT></TD></TR>
<TR valign="bottom">
     <TD style="BORDER-TOP: #000000 1pt solid" align="center"><FONT face="Times New Roman, Times, serif" size="3">(Name and address of agents for service) </FONT></TD></TR>
<TR valign="bottom">
     <TD align="center"><FONT size="3">&nbsp;</FONT></TD></TR>
<TR valign="bottom">
     <TD align="center"><FONT face="Times New Roman, Times, serif" size="3">Registrant&#146;s telephone number, including area code: (617) 954-5000&nbsp; </FONT></TD></TR>
<TR>
     <TD><HR SIZE="1" NOSHADE color="black"></TD></TR>
<TR valign="bottom">
     <TD align="center"><FONT face="Times New Roman, Times, serif" size="3">Date of fiscal year end: November 30</FONT></TD></TR>
<TR>
     <TD><HR SIZE="1" NOSHADE color="black"></TD></TR>
<TR valign="bottom">
     <TD align="center"><FONT face="Times New Roman, Times, serif" size="3">Date of reporting period: February 28, 2006</FONT></TD></TR>
<TR>
     <TD><HR SIZE="1" NOSHADE color="black"></TD></TR>
</TABLE>

<P style="PAGE-BREAK-BEFORE: always">&nbsp;</p>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE="3">ITEM 1. SCHEDULE OF INVESTMENTS.</FONT></P>

<p><IMG src="d64544cover.jpg" width="700" height="906"></p>

<div style="PAGE-BREAK-BEFORE: always">&nbsp;</div>

<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
     <TD ALIGN="LEFT"><p><FONT FACE="Arial Narrow, sans-serif" SIZE="2">MFS Charter Income Trust<BR>
PORTFOLIO OF INVESTMENTS (Unaudited) 02/28/2006</FONT></P>
</TD>
</TR>
</TABLE>
<BR>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="700">
<TR VALIGN="BOTTOM">
     <TH COLSPAN="3" ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Issuer</FONT></TH>
     <TH COLSPAN="2" ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Shares/Par</FONT></TH>
     <TH><FONT FACE="Arial Narrow, sans-serif" SIZE="1">&nbsp;</FONT></TH>
     <TH COLSPAN="2" ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Value ($)</FONT></TH>
     <TH><FONT FACE="Arial Narrow, sans-serif" SIZE="1">&nbsp;</FONT></TH></TR>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td WIDTH="64%" ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Bonds &#150; 95.9%</B></FONT></TD>
     <td WIDTH="1%" ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td WIDTH="6%" ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td WIDTH="1%" ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td WIDTH="11%" ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"></FONT></TD>
     <td WIDTH="4%" ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td WIDTH="1%" ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td WIDTH="11%" ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"></FONT></TD>
     <td WIDTH="1%" ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Advertising &amp; Broadcasting &#150; 1.3%</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Allbritton Communications Co., 7.75%, 2012</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">365,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">367,281</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">CBS Corp., 6.625%, 2011</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">860,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">897,828</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">DIRECTV Holdings LLC, 8.375%, 2013</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">884,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">948,090</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">EchoStar DBS Corp., 6.375%, 2011</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,945,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,901,237</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Intelsat Ltd., 8.875%, 2015 (a)</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">340,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">352,750</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Lamar Media Corp., 7.25%, 2013</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">795,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">819,844</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">News America Holdings, 7.7%, 2025</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,140,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,292,306</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">News America, Inc., 6.2%, 2034</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">542,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">536,196</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">7,115,532</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Aerospace &#150; 0.1%</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">DRS Technologies, Inc., 7.625%, 2018</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">440,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">452,100</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Agency - Other &#150; 1.0%</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Financing Corp., 10.35%, 2018</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">3,600,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">5,358,586</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Airlines &#150; 0.2%</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Continental Airlines, Inc., 7.566%, 2020</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,045,217</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">968,149</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Apparel Manufacturers &#150; 0.0%</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Quiksilver, Inc., 6.875%, 2015</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">100,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">96,500</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Asset Backed &amp; Securitized &#150; 8.4%</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Airplane Pass-Through Trust, "D", 10.875%, 2019 (d)(r)</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">222,233</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">0</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Amresco Commercial Mortgage Funding I, 7%, 2029</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">3,000,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">3,034,215</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Asset Securitization Corp., 7.525%, 2029</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,586,134</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,731,728</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Asset Securitization Corp., FRN, 7.4387%, 2026</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">2,000,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">2,100,765</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Bayview Financial Acquisition Trust, FRN, 5.483%, 2041</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">404,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">402,990</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Bear Stearns Commercial Mortgage Securities, Inc., FRN, 5.116%, 2041</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,120,248</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,104,549</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Commercial Mortgage Acceptance Corp., FRN, 5.44%, 2013 (a)</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">3,165,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">3,171,795</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Countrywide Asset-Backed Certificates, FRN, 5.147%, 2035</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">2,000,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,976,185</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Credit Suisse First Boston Mortgage Securities Corp., 6.75%, 2030 (a)</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">2,000,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">2,067,656</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Crest Ltd., 7%, 2040 (a)</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">2,000,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,849,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">DLJ Commercial Mortgage Corp., 6.04%, 2031</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">2,000,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">2,014,364</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">First Union-Lehman Brothers Bank of America, FRN, 0.4301%, 2028 (i)</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">69,106,243</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,290,953</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">First Union-Lehman Brothers Commercial Mortgage Trust, 7%, 2029 (a)</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">850,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">932,839</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">First Union-Lehman Brothers Commercial Mortgage Trust, FRN, 7.5%, 2015</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">3,000,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">3,370,009</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">J.P. Morgan Chase Commercial Mortgage Securities Corp., FRN, 5.038%, 2015</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">4,000,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">3,921,321</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Morgan Stanley Capital I, Inc., 5.168%, 2042</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,532,020</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,515,814</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Mortgage Capital Funding, Inc., FRN, 0.7852%, 2031 (i)</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">18,665,984</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">256,876</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">New Century Home Equity Loan Trust, FRN, 4.532%, 2035</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">2,500,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">2,446,689</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Residential Asset Mortgage Products, Inc., 3.878%, 2035</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,340,523</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,322,802</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Spirit Master Funding LLC, 5.05%, 2023 (a)</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,950,481</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,888,687</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Structured Asset Securities Corp., FRN, 4.67%, 2035</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">2,484,152</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">2,454,035</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">TIAA Real Estate CDO Ltd., 7.17%, 2032 (a)</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">2,543,542</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">2,593,876</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Wachovia Bank Commercial Mortgage Trust, FRN, 4.847%, 2041</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">2,000,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,934,170</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Wachovia Bank Commercial Mortgage Trust, FRN, 5.083%, 2015</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">2,000,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,966,170</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">45,347,488</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Automotive &#150; 0.9%</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">DaimlerChrysler N.A. Holdings Corp., 8.5%, 2031</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">400,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">487,673</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Ford Motor Credit Co., 4.95%, 2008</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">200,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">184,246</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Ford Motor Credit Co., 5.8%, 2009</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,600,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,437,611</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Ford Motor Credit Co., 7%, 2013</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">254,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">223,223</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">General Motors Acceptance Corp., 6.125%, 2008</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">315,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">297,121</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">General Motors Acceptance Corp., 5.85%, 2009</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">600,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">550,072</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">General Motors Acceptance Corp., 6.75%, 2014</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">874,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">772,125</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
</TABLE>
<BR>

<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
<TD WIDTH="99%" align="right"><FONT FACE="Arial Narrow, sans-serif" SIZE="2">1</FONT></TD>
<TD WIDTH="1%"><FONT FACE="Arial Narrow, sans-serif" SIZE="2">&nbsp;</FONT></TD>
</TR>
</TABLE>
<BR>

<div style="PAGE-BREAK-BEFORE: always">&nbsp;</div>

<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
     <TD ALIGN="LEFT"><p><FONT FACE="Arial Narrow, sans-serif" SIZE="2">MFS Charter Income Trust<BR>
PORTFOLIO OF INVESTMENTS (Unaudited) 02/28/2006 - continued</FONT></P>
</TD>
</TR>
</TABLE>
<BR>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="700">
<TR VALIGN="BOTTOM">
     <TH COLSPAN="3" ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Issuer</FONT></TH>
     <TH COLSPAN="2" ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Shares/Par</FONT></TH>
     <TH><FONT FACE="Arial Narrow, sans-serif" SIZE="1">&nbsp;</FONT></TH>
     <TH COLSPAN="2" ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Value ($)</FONT></TH>
     <TH><FONT FACE="Arial Narrow, sans-serif" SIZE="1">&nbsp;</FONT></TH></TR>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Bonds &#150; continued</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Automotive &#150; continued</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td WIDTH="64%" ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">General Motors Acceptance Corp., 8%, 2031</FONT></td>
     <td WIDTH="1%" ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td WIDTH="6%" ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td WIDTH="1%" ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td WIDTH="11%" ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">236,000</FONT></TD>
     <td WIDTH="4%" ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td WIDTH="1%" ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td WIDTH="11%" ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">215,524</FONT></TD>
     <td WIDTH="1%" ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Lear Corp., 8.11%, 2009</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">495,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">436,837</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">4,604,432</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Banks &amp; Credit Companies &#150; 4.2%</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Abbey National Capital Trust I, 8.963% to 2030, FRN to 2049</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,500,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">2,038,885</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Banco BMG S.A., 9.15%, 2016 (a)</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">982,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,008,023</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Banco do Brasil S.A., 7.95%, 2049 (a)</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">161,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">163,616</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Banco do Estado de Sao Paulo S.A., 8.7%, 2049 (a)</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,400,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,450,750</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Banco Mercantil del Norte S.A., 5.875% to 2009, FRN to 2014 (a)</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">808,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">808,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">BNP Paribas, 5.186% to 2015, FRN to 2049 (a)</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,667,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,600,088</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Bosphorus Financial Services Ltd., FRN, 6.5488%, 2012 (a)</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,500,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,508,058</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Chuo Mitsui Trust &amp; Banking Co., 5.506% to 2015, FRN to 2049 (a)</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,676,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,624,500</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">DFS Funding Corp., FRN, 6.91%, 2010 (a)</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,750,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,801,625</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">HBOS Capital Funding LP, 6.071% to 2014, FRN to 2049 (a)</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,330,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,353,318</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">J.P. Morgan Chase &amp; Co., 5.125%, 2014</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">2,100,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">2,053,871</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Kazkommerts International B.V., 10.125%, 2007 (a)</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">367,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">385,809</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Kazkommerts International B.V., 10.125%, 2007</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">128,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">134,560</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Mizuho Financial Group, Inc., 5.79%, 2014 (a)</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,898,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,938,496</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">RBS Capital Trust II, 6.425% to 2034, FRN to 2049</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">829,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">875,489</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Resona Bank Ltd., 5.85% to 2016, FRN to 2049 (a)</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">655,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">650,195</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Russian Standard Finance S.A., 8.125%, 2008 (a)</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">682,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">688,820</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Russian Standard Finance S.A., 7.5%, 2010 (a)</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">176,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">174,240</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Turanalem Finance B.V., 8%, 2014 (a)</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">854,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">890,295</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">UFJ Finance Aruba AEC, 6.75%, 2013</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,300,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,400,084</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">22,548,722</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Broadcast &amp; Cable TV &#150; 1.1%</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">CCH II LLC, 10.25%, 2010</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">475,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">473,812</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">CSC Holdings, Inc., 8.125%, 2009</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,050,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,082,812</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Lenfest Communications, Inc., 10.5%, 2006</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,900,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,924,227</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Mediacom LLC, 9.5%, 2013</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">280,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">280,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Rogers Cable, Inc., 5.5%, 2014</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,025,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">972,469</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">TCI Communications, Inc., 9.8%, 2012</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,169,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,394,025</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">6,127,345</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Brokerage &amp; Asset Managers &#150; 1.0%</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Goldman Sachs Group, Inc., 5.7%, 2012</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">2,680,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">2,733,804</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Morgan Stanley Dean Witter, Inc., 6.6%, 2012</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">2,537,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">2,693,982</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">5,427,786</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Business Services &#150; 0.2%</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Iron Mountain, Inc., 7.75%, 2015</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">175,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">177,187</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Xerox Corp., 7.625%, 2013</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">920,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">976,350</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,153,537</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Chemicals &#150; 0.9%</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">BCP Crystal Holdings Corp., 9.625%, 2014</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">204,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">228,225</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Hercules, Inc., 6.75%, 2029</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">860,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">842,800</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Huntsman International LLC, 10.125%, 2009</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">331,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">339,275</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Kronos International, Inc., 8.875%, 2009</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">EUR</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">100,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">124,433</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Lyondell Chemical Co., 11.125%, 2012</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">615,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">679,575</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Nalco Co., 7.75%, 2011</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">650,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">661,375</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Nalco Co., 8.875%, 2013</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">70,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">73,325</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Rockwood Specialties Group, Inc., 7.5%, 2014</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">60,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">60,600</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Yara International A.S.A., 5.25%, 2014 (a)</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">2,000,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,940,048</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">4,949,656</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
</TABLE>
<BR>

<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
<TD WIDTH="99%" align="right"><FONT FACE="Arial Narrow, sans-serif" SIZE="2">2</FONT></TD>
<TD WIDTH="1%"><FONT FACE="Arial Narrow, sans-serif" SIZE="2">&nbsp;</FONT></TD>
</TR>
</TABLE>
<BR>

<div style="PAGE-BREAK-BEFORE: always">&nbsp;</div>

<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
     <TD ALIGN="LEFT"><p><FONT FACE="Arial Narrow, sans-serif" SIZE="2">MFS Charter Income Trust<BR>
PORTFOLIO OF INVESTMENTS (Unaudited) 02/28/2006 - continued</FONT></P>
</TD>
</TR>
</TABLE>
<BR>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="700">
<TR VALIGN="BOTTOM">
     <TH COLSPAN="3" ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Issuer</FONT></TH>
     <TH COLSPAN="2" ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Shares/Par</FONT></TH>
     <TH><FONT FACE="Arial Narrow, sans-serif" SIZE="1">&nbsp;</FONT></TH>
     <TH COLSPAN="2" ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Value ($)</FONT></TH>
     <TH><FONT FACE="Arial Narrow, sans-serif" SIZE="1">&nbsp;</FONT></TH></TR>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Bonds &#150; continued</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Conglomerates &#150; 0.2%</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td WIDTH="64%" ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Kennametal, Inc., 7.2%, 2012</FONT></td>
     <td WIDTH="1%" ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td WIDTH="6%" ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td WIDTH="1%" ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td WIDTH="11%" ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,140,000</FONT></TD>
     <td WIDTH="4%" ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td WIDTH="1%" ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td WIDTH="11%" ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,229,298</FONT></TD>
     <td WIDTH="1%" ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Construction &#150; 0.8%</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Beazer Homes USA, Inc., 6.875%, 2015</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">2,700,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">2,598,750</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">D.R. Horton, Inc., 8%, 2009</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">935,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">991,841</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">M/I Homes, Inc., 6.875%, 2012</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">675,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">624,375</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">4,214,966</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Consumer Goods &amp; Services &#150; 0.1%</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Church &amp; Dwight Co., Inc., 6%, 2012</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">460,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">457,700</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Service Corp. International, 7.5%, 2017 (a)</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">260,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">265,525</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">723,225</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Containers &#150; 0.2%</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Crown Americas, 7.75%, 2015 (a)</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">245,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">255,412</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Owens-Brockway Glass Container, Inc., 8.875%, 2009</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">660,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">687,225</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Owens-Brockway Glass Container, Inc., 8.25%, 2013</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">85,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">88,613</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,031,250</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Defense Electronics &#150; 0.9%</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">BAE Systems Holdings, Inc., 4.75%, 2010 (a)</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">790,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">768,992</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">BAE Systems Holdings, Inc., 5.2%, 2015 (a)</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">2,000,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,943,274</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">L-3 Communications Corp., 5.875%, 2015</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">750,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">720,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">L-3 Communications Corp., 6.375%, 2015</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,500,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,496,250</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">4,928,516</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Electronics &#150; 0.2%</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Flextronics International Ltd., 6.5%, 2013</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">895,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">901,713</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Emerging Market Quasi-Sovereign &#150; 1.2%</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Gazprom OAO, 9.625%, 2013 (a)</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,510,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,827,100</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Pemex Project Funding Master Trust, 7.375%, 2014</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">774,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">861,075</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Pemex Project Funding Master Trust, 8.625%, 2022</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,218,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,510,320</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Petronas Capital Ltd., 7.875%, 2022 (a)</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">464,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">576,999</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Petronas Capital Ltd., 7.875%, 2022</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,340,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,666,333</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">6,441,827</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Emerging Market Sovereign &#150; 2.8%</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Federal Republic of Brazil, FRN, 5.25%, 2012</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,907,212</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,907,212</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Republic of Argentina, FRN, 4.889%, 2012</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,656,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,349,173</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Republic of Bulgaria, 8.25%, 2015</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,000,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,200,900</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Republic of Colombia, FRN, 6.55%, 2015</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,054,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,106,700</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Republic of Panama, 9.375%, 2029</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,121,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,468,510</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Republic of South Africa, 9.125%, 2009</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">469,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">521,763</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Russian Federation, 3%, 2008</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">6,252,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">5,941,901</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">United Mexican States, 8.125%, 2019</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">976,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,207,800</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">United Mexican States, 6.75%, 2034</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">229,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">255,908</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">14,959,867</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Energy - Independent &#150; 0.6%</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Chesapeake Energy Corp., 7.5%, 2014</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">335,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">356,775</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Chesapeake Energy Corp., 7%, 2014</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">240,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">249,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Chesapeake Energy Corp., 6.875%, 2016</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">680,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">697,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Forest Oil Corp., 7.75%, 2014</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">550,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">574,750</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Newfield Exploration Co., 6.625%, 2014</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">290,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">299,425</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Plains Exploration &amp; Production Co., 7.125%, 2014</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">625,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">651,563</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Vintage Petroleum, Inc., 8.25%, 2012</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">550,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">586,988</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">3,415,501</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
</TABLE>
<BR>

<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
<TD WIDTH="99%" align="right"><FONT FACE="Arial Narrow, sans-serif" SIZE="2">3</FONT></TD>
<TD WIDTH="1%"><FONT FACE="Arial Narrow, sans-serif" SIZE="2">&nbsp;</FONT></TD>
</TR>
</TABLE>
<BR>

<div style="PAGE-BREAK-BEFORE: always">&nbsp;</div>

<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
     <TD ALIGN="LEFT"><p><FONT FACE="Arial Narrow, sans-serif" SIZE="2">MFS Charter Income Trust<BR>
PORTFOLIO OF INVESTMENTS (Unaudited) 02/28/2006 - continued</FONT></P>
</TD>
</TR>
</TABLE>
<BR>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="700">
<TR VALIGN="BOTTOM">
     <TH COLSPAN="3" ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Issuer</FONT></TH>
     <TH COLSPAN="2" ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Shares/Par</FONT></TH>
     <TH><FONT FACE="Arial Narrow, sans-serif" SIZE="1">&nbsp;</FONT></TH>
     <TH COLSPAN="2" ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Value ($)</FONT></TH>
     <TH><FONT FACE="Arial Narrow, sans-serif" SIZE="1">&nbsp;</FONT></TH></TR>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Bonds &#150; continued</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Energy - Integrated &#150; 0.3%</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td WIDTH="64%" ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Amerada Hess Corp., 7.3%, 2031</FONT></td>
     <td WIDTH="1%" ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td WIDTH="6%" ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td WIDTH="1%" ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td WIDTH="11%" ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,463,000</FONT></TD>
     <td WIDTH="4%" ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td WIDTH="1%" ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td WIDTH="11%" ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,718,070</FONT></TD>
     <td WIDTH="1%" ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Entertainment &#150; 0.5%</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">AMC Entertainment, Inc., 9.5%, 2011</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">224,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">211,960</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">AMC Entertainment, Inc., 11%, 2016 (a)</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">125,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">125,781</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Six Flags, Inc., 9.75%, 2013</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">220,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">224,950</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Turner Broadcasting System, Inc., 8.375%, 2013</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,784,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">2,036,900</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">2,599,591</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Financial Institutions &#150; 0.3%</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">HSBC Finance Corp., 5.5%, 2016</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,481,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,479,284</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">International Lease Finance Corp., 5%, 2010</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">321,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">317,122</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,796,406</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Food &amp; Non-Alcoholic Beverages &#150; 0.2%</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">B&amp;G Foods Holding Corp., 8%, 2011</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">150,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">153,750</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Dean Foods Co., 6.625%, 2009</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">225,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">228,937</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Smithfield Foods, Inc., 7%, 2011</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">465,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">470,813</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">853,500</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Forest &amp; Paper Products &#150; 0.6%</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Abitibi-Consolidated, Inc., 7.75%, 2011</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">720,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">679,500</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Buckeye Technologies, Inc., 8.5%, 2013</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">460,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">468,050</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">MDP Acquisitions PLC, 9.625%, 2012</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">310,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">324,725</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Norske Skog Canada Ltd., 7.375%, 2014</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">695,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">639,400</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Stone Container Corp., 7.375%, 2014</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,000,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">927,500</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">3,039,175</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Gaming &amp; Lodging &#150; 1.8%</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Boyd Gaming Corp., 6.75%, 2014</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">520,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">518,700</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Caesars Entertainment, Inc., 8.125%, 2011</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">730,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">801,175</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">GTECH Holdings Corp., 5.25%, 2014</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">235,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">236,618</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Harrah's Operating Co., Inc., 5.625%, 2015</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">2,147,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">2,097,709</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Host Marriott LP, 7.125%, 2013</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">465,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">480,112</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Host Marriott LP, 6.375%, 2015</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">250,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">249,375</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Majestic Star Casino LLC, 9.5%, 2010</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">80,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">85,600</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Mandalay Resort Group, 9.375%, 2010</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">450,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">493,875</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">MGM Mirage, Inc., 8.375%, 2011</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,155,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,238,737</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Pinnacle Entertainment, Inc., 8.75%, 2013</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">295,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">315,650</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Royal Caribbean Cruises Ltd., 8%, 2010</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">990,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,070,755</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Scientific Games Corp., 6.25%, 2012</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">380,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">377,625</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Starwood Hotels &amp; Resorts Worldwide, Inc., 7.875%, 2012</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">895,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">982,263</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Station Casinos, Inc., 6.5%, 2014</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">440,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">440,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Wynn Las Vegas LLC, 6.625%, 2014</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">225,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">221,625</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">9,609,819</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Industrial &#150; 0.1%</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Amsted Industries, Inc., 10.25%, 2011 (a)</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">335,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">363,475</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Insurance &#150; 0.8%</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">American International Group, Inc., 4.25%, 2013</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">4,250,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">3,988,408</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">UnumProvident Corp., 7.625%, 2011</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">215,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">230,354</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">UnumProvident Corp., 6.85%, 2015 (a)</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">220,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">228,704</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">4,447,466</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Insurance - Property &amp; Casualty &#150; 0.9%</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">ACE INA Holdings, Inc., 5.875%, 2014</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,700,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,740,601</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">AXIS Capital Holdings Ltd., 5.75%, 2014</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,879,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,866,465</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
</TABLE>
<BR>

<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
<TD WIDTH="99%" align="right"><FONT FACE="Arial Narrow, sans-serif" SIZE="2">4</FONT></TD>
<TD WIDTH="1%"><FONT FACE="Arial Narrow, sans-serif" SIZE="2">&nbsp;</FONT></TD>
</TR>
</TABLE>
<BR>

<div style="PAGE-BREAK-BEFORE: always">&nbsp;</div>

<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
     <TD ALIGN="LEFT"><p><FONT FACE="Arial Narrow, sans-serif" SIZE="2">MFS Charter Income Trust<BR>
PORTFOLIO OF INVESTMENTS (Unaudited) 02/28/2006 - continued</FONT></P>
</TD>
</TR>
</TABLE>
<BR>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="700">
<TR VALIGN="BOTTOM">
     <TH COLSPAN="3" ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Issuer</FONT></TH>
     <TH COLSPAN="2" ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Shares/Par</FONT></TH>
     <TH><FONT FACE="Arial Narrow, sans-serif" SIZE="1">&nbsp;</FONT></TH>
     <TH COLSPAN="2" ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Value ($)</FONT></TH>
     <TH><FONT FACE="Arial Narrow, sans-serif" SIZE="1">&nbsp;</FONT></TH></TR>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Bonds &#150; continued</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Insurance - Property &amp; Casualty &#150; continued</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td WIDTH="64%" ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Fund American Cos., Inc., 5.875%, 2013</FONT></td>
     <td WIDTH="1%" ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td WIDTH="6%" ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td WIDTH="1%" ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td WIDTH="11%" ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,351,000</FONT></TD>
     <td WIDTH="4%" ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td WIDTH="1%" ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td WIDTH="11%" ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,346,686</FONT></TD>
     <td WIDTH="1%" ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">4,953,752</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>International Market Quasi-Sovereign &#150; 2.2%</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">KfW Bankengruppe, FRN, 2.563%, 2007</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">EUR</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">3,321,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">3,960,634</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Landesbank Baden-Wurttemberg, FRN, 2.508%, 2007</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">EUR</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,105,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,318,666</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Landesbank Baden-Wurttemberg, FRN, 2.594%, 2007</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">EUR</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,033,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,232,819</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Landesbank Baden-Wurttemberg, FRN, 2.704%, 2007</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">EUR</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,950,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">2,327,624</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Network Rail MTN Finance PLC, FRN, 2.628%, 2007</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">EUR</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">2,304,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">2,750,587</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">11,590,330</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>International Market Sovereign &#150; 21.2%</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Federal Republic of Germany, 3.5%, 2008</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">EUR</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">6,350,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">7,650,284</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Federal Republic of Germany, 3.75%, 2015</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">EUR</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">4,204,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">5,125,190</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Federal Republic of Germany, 6.25%, 2030</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">EUR</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">740,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,232,373</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Government of Canada, 4.5%, 2015</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">CAD</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,435,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,296,434</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Government of New Zealand, 6.5%, 2013</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">NZD</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">12,651,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">8,738,352</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Government of New Zealand, 6%, 2015</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">NZD</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">768,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">517,855</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Government of New Zealand, 6%, 2017</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">NZD</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,975,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,336,167</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Kingdom of Netherlands, 5.75%, 2007</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">EUR</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">4,442,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">5,444,268</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Kingdom of Netherlands, 3.75%, 2009</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">EUR</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">5,253,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">6,385,540</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Kingdom of Spain, 6%, 2008</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">EUR</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">4,910,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">6,179,025</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Kingdom of Spain, 5.35%, 2011</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">EUR</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">2,929,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">3,852,514</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Republic of Austria, 5.5%, 2007</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">EUR</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">5,174,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">6,415,207</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Republic of Finland, 5.375%, 2013</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">EUR</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">8,453,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">11,366,715</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Republic of France, 4.75%, 2007</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">EUR</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">9,352,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">11,428,222</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Republic of France, 4.75%, 2012</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">EUR</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">950,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,225,570</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Republic of France, 6%, 2025</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">EUR</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,211,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,902,789</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Republic of Ireland, 4.25%, 2007</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">EUR</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">9,050,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">11,014,768</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Republic of Ireland, 4.6%, 2016</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">EUR</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">963,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,256,065</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">United Kingdom Treasury, 5.75%, 2009</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">GBP</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">4,870,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">8,971,359</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">United Kingdom Treasury, 8%, 2015</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">GBP</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">5,559,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">12,756,430</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">114,095,127</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Machinery &amp; Tools &#150; 0.5%</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Case New Holland, Inc., 6%, 2009</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,415,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,386,700</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Case New Holland, Inc., 9.25%, 2011</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">160,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">171,600</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Case New Holland, Inc., 7.125%, 2014 (a)</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">380,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">380,950</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Manitowoc Co., Inc., 10.5%, 2012</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">331,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">366,582</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Terex Corp., 9.25%, 2011</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">265,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">282,556</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">2,588,388</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Medical &amp; Health Technology &amp; Services &#150; 1.3%</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">AmerisourceBergen Corp., 5.875%, 2015 (a)</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">2,465,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">2,480,653</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">DaVita, Inc., 6.625%, 2013</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">170,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">172,550</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Fisher Scientific International, Inc., 6.125%, 2015</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,800,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,802,250</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">HCA, Inc., 8.75%, 2010</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">960,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,055,892</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">HCA, Inc., 6.375%, 2015</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">955,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">953,502</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Omnicare, Inc., 6.875%, 2015</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">360,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">367,200</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Triad Hospitals, Inc., 7%, 2013</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">315,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">317,756</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">7,149,803</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Metals &amp; Mining &#150; 0.8%</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Codelco, Inc., 5.625%, 2035 (a)</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,104,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,102,636</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Foundation PA Coal Co., 7.25%, 2014</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">520,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">533,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Ispat Inland ULC, 9.75%, 2014</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,200,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,365,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Massey Energy Co., 6.875%, 2013 (a)</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">290,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">289,275</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
</TABLE>
<BR>

<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
<TD WIDTH="99%" align="right"><FONT FACE="Arial Narrow, sans-serif" SIZE="2">5</FONT></TD>
<TD WIDTH="1%"><FONT FACE="Arial Narrow, sans-serif" SIZE="2">&nbsp;</FONT></TD>
</TR>
</TABLE>
<BR>

<div style="PAGE-BREAK-BEFORE: always">&nbsp;</div>

<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
     <TD ALIGN="LEFT"><p><FONT FACE="Arial Narrow, sans-serif" SIZE="2">MFS Charter Income Trust<BR>
PORTFOLIO OF INVESTMENTS (Unaudited) 02/28/2006 - continued</FONT></P>
</TD>
</TR>
</TABLE>
<BR>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="700">
<TR VALIGN="BOTTOM">
     <TH COLSPAN="3" ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Issuer</FONT></TH>
     <TH COLSPAN="2" ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Shares/Par</FONT></TH>
     <TH><FONT FACE="Arial Narrow, sans-serif" SIZE="1">&nbsp;</FONT></TH>
     <TH COLSPAN="2" ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Value ($)</FONT></TH>
     <TH><FONT FACE="Arial Narrow, sans-serif" SIZE="1">&nbsp;</FONT></TH></TR>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Bonds &#150; continued</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Metals &amp; Mining &#150; continued</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td WIDTH="64%" ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Peabody Energy Corp., 5.875%, 2016</FONT></td>
     <td WIDTH="1%" ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td WIDTH="6%" ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td WIDTH="1%" ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td WIDTH="11%" ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">425,000</FONT></TD>
     <td WIDTH="4%" ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td WIDTH="1%" ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td WIDTH="11%" ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">412,250</FONT></TD>
     <td WIDTH="1%" ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Peabody Energy Corp., "B", 6.875%, 2013</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">355,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">364,763</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">U.S. Steel Corp., 9.75%, 2010</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">413,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">448,105</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">4,515,029</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Mortgage Backed &#150; 13.9%</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Fannie Mae, 4.845%, 2013</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">252,937</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">247,248</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Fannie Mae, 4.1%, 2013</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">947,987</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">889,597</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Fannie Mae, 4.19%, 2013</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">867,827</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">817,380</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Fannie Mae, 3.81%, 2013</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">588,675</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">543,477</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Fannie Mae, 4.6%, 2014</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">763,053</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">734,475</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Fannie Mae, 4.667%, 2014</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,348,473</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,304,183</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Fannie Mae, 4.518%, 2014</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">910,286</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">872,329</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Fannie Mae, 4.77%, 2014</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">595,529</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">578,368</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Fannie Mae, 4.56%, 2015</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">319,741</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">306,068</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Fannie Mae, 4.665%, 2015</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">258,917</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">249,590</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Fannie Mae, 4.7%, 2015</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">247,035</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">238,675</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Fannie Mae, 4.89%, 2015</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">173,997</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">170,247</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Fannie Mae, 4.74%, 2015</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">600,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">580,811</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Fannie Mae, 4.87%, 2015</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">521,550</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">509,641</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Fannie Mae, 4.925%, 2015</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,943,640</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,908,265</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Fannie Mae, 4.815%, 2015</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">600,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">583,544</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Fannie Mae, 6%, 2016 - 2034</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">6,917,243</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">7,025,254</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Fannie Mae, 5.5%, 2019 - 2035</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">42,891,481</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">42,647,748</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Fannie Mae, 4.88%, 2020</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">580,157</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">574,448</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Fannie Mae, 6.5%, 2032 - 2033</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">3,635,845</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">3,730,050</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Freddie Mac, 6%, 2034</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">2,399,337</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">2,425,487</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Freddie Mac, 5.5%, 2034</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">8,125,066</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">8,073,525</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">75,010,410</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Municipals &#150; 0.5%</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Massachusetts State Water Resources Authority, "A", MBIA, 5.25%, 2015</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">2,450,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">2,724,694</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Natural Gas - Distribution &#150; 0.1%</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">AmeriGas Partners LP, 7.25%, 2015</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">470,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">477,050</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">AmeriGas Partners LP, 7.125%, 2016</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">175,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">175,875</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">652,925</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Natural Gas - Pipeline &#150; 0.8%</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Atlas Pipeline Partners LP, 8.125%, 2015 (a)</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">215,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">223,600</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">CenterPoint Energy Resources Corp., 7.875%, 2013</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,600,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,816,496</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Colorado Interstate Gas Co., 5.95%, 2015</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">170,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">167,700</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Magellan Midstream Partners LP, 5.65%, 2016</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">311,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">309,752</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Southern Natural Gas Co., Inc., 8.875%, 2010</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">550,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">588,292</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Williams Cos., Inc., 8.75%, 2032</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">800,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">968,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">4,073,840</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Network &amp; Telecom &#150; 2.0%</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Citizens Communications Co., 9.25%, 2011</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">815,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">902,612</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Citizens Communications Co., 6.25%, 2013</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">645,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">632,906</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Citizens Communications Co., 9%, 2031</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">650,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">690,625</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Deutsche Telekom International Finance B.V., 8.25%, 2030</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,500,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,886,034</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Eircom Funding PLC, 8.25%, 2013</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">515,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">550,406</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Espirit Telecom Group PLC, 10.875%, 2008 (d)</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">165,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">0</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Qwest Corp., 7.875%, 2011</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">860,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">920,200</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Qwest Corp., 8.875%, 2012</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">450,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">504,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Telecom Italia Capital, 6%, 2034</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,000,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">945,645</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
</TABLE>
<BR>

<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
<TD WIDTH="99%" align="right"><FONT FACE="Arial Narrow, sans-serif" SIZE="2">6</FONT></TD>
<TD WIDTH="1%"><FONT FACE="Arial Narrow, sans-serif" SIZE="2">&nbsp;</FONT></TD>
</TR>
</TABLE>
<BR>

<div style="PAGE-BREAK-BEFORE: always">&nbsp;</div>

<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
     <TD ALIGN="LEFT"><p><FONT FACE="Arial Narrow, sans-serif" SIZE="2">MFS Charter Income Trust<BR>
PORTFOLIO OF INVESTMENTS (Unaudited) 02/28/2006 - continued</FONT></P>
</TD>
</TR>
</TABLE>
<BR>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="700">
<TR VALIGN="BOTTOM">
     <TH COLSPAN="3" ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Issuer</FONT></TH>
     <TH COLSPAN="2" ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Shares/Par</FONT></TH>
     <TH><FONT FACE="Arial Narrow, sans-serif" SIZE="1">&nbsp;</FONT></TH>
     <TH COLSPAN="2" ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Value ($)</FONT></TH>
     <TH><FONT FACE="Arial Narrow, sans-serif" SIZE="1">&nbsp;</FONT></TH></TR>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Bonds &#150; continued</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Network &amp; Telecom &#150; continued</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td WIDTH="64%" ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Telefonica Europe B.V., 7.75%, 2010</FONT></td>
     <td WIDTH="1%" ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td WIDTH="6%" ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td WIDTH="1%" ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td WIDTH="11%" ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,000,000</FONT></TD>
     <td WIDTH="4%" ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td WIDTH="1%" ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td WIDTH="11%" ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,086,210</FONT></TD>
     <td WIDTH="1%" ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Verizon New York, Inc., 6.875%, 2012</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">2,542,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">2,660,694</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">10,779,332</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Oil Services &#150; 0.1%</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">GulfMark Offshore, Inc., 7.75%, 2014</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">435,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">452,400</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Petroleum Export Peloil, 5.265%, 2011 (a)</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">280,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">272,524</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">724,924</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Oils &#150; 0.7%</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Premcor Refining Group, Inc., 7.5%, 2015</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">3,550,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">3,785,947</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Printing &amp; Publishing &#150; 0.5%</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Dex Media East LLC, 9.875%, 2009</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">565,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">605,962</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Dex Media West LLC, 9.875%, 2013</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,527,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,691,152</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">MediaNews Group, Inc., 6.875%, 2013</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">515,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">480,238</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">2,777,352</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Railroad &amp; Shipping &#150; 0.6%</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">TFM S.A. de C.V., 9.375%, 2012</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">2,809,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">3,093,411</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Real Estate &#150; 0.5%</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">EOP Operating LP, 4.75%, 2014</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,500,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,413,106</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">HRPT Properties Trust, 6.25%, 2016</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,324,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,361,553</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">2,774,659</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Restaurants &#150; 0.3%</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">YUM! Brands, Inc., 8.875%, 2011</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,500,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,712,747</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Retailers &#150; 0.6%</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Couche-Tard, Inc., 7.5%, 2013</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">210,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">218,925</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Gap, Inc., 9.55%, 2008</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">940,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,031,615</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">GSC Holdings Corp., 8%, 2012 (a)</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">130,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">129,675</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Limited Brands, Inc., 5.25%, 2014</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,100,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,039,128</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Rite Aid Corp., 8.125%, 2010</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">365,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">372,300</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Steinway Musical Instruments, Inc., 7%, 2014 (a)</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">155,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">156,163</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">2,947,806</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Steel &#150; 0.1%</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Chaparral Steel Co., 10%, 2013</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">205,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">226,525</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Supranational &#150; 0.3%</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Central American Bank, 4.875%, 2012 (a)</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,426,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,369,237</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Telecommunications - Wireless &#150; 1.2%</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">AT&amp;T Wireless Services, Inc., 8.75%, 2031</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,500,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,990,585</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Centennial Communications Corp., 10.125%, 2013</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">240,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">262,800</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Cingular Wireless LLC, 6.5%, 2011</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,700,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,802,819</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Dolphin Telecom PLC, 11.5%, 2008 (d)</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,600,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">0</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Dolphin Telecom PLC, "B", 14%, 2009 (d)</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">750,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">0</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Excelcomindo Finance Co., 7.125%, 2013 (a)</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">100,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">100,500</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Nextel Communications, Inc., 5.95%, 2014</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,315,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,321,768</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Rogers Wireless, Inc., 6.375%, 2014</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">550,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">555,500</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Rogers Wireless, Inc., 7.5%, 2015</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">450,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">488,250</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">6,522,222</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Tobacco &#150; 0.4%</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">R.J. Reynolds Tobacco Holdings, Inc, 7.3%, 2015</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,300,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,347,125</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">R.J. Reynolds Tobacco Holdings, Inc., 7.25%, 2012</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">818,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">846,630</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">2,193,755</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
</TABLE>
<BR>

<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
<TD WIDTH="99%" align="right"><FONT FACE="Arial Narrow, sans-serif" SIZE="2">7</FONT></TD>
<TD WIDTH="1%"><FONT FACE="Arial Narrow, sans-serif" SIZE="2">&nbsp;</FONT></TD>
</TR>
</TABLE>
<BR>

<div style="PAGE-BREAK-BEFORE: always">&nbsp;</div>

<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
     <TD ALIGN="LEFT"><p><FONT FACE="Arial Narrow, sans-serif" SIZE="2">MFS Charter Income Trust<BR>
PORTFOLIO OF INVESTMENTS (Unaudited) 02/28/2006 - continued</FONT></P>
</TD>
</TR>
</TABLE>
<BR>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="700">
<TR VALIGN="BOTTOM">
     <TH COLSPAN="3" ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Issuer</FONT></TH>
     <TH COLSPAN="2" ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Shares/Par</FONT></TH>
     <TH><FONT FACE="Arial Narrow, sans-serif" SIZE="1">&nbsp;</FONT></TH>
     <TH COLSPAN="2" ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Value ($)</FONT></TH>
     <TH><FONT FACE="Arial Narrow, sans-serif" SIZE="1">&nbsp;</FONT></TH></TR>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Bonds &#150; continued</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Transportation - Services &#150; 0.1%</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td WIDTH="64%" ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Stena AB, 7%, 2016</FONT></td>
     <td WIDTH="1%" ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td WIDTH="6%" ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td WIDTH="1%" ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td WIDTH="11%" ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">375,000</FONT></TD>
     <td WIDTH="4%" ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td WIDTH="1%" ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td WIDTH="11%" ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">348,750</FONT></TD>
     <td WIDTH="1%" ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Westinghouse Air Brake Technologies Corp., 6.875%, 2013</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">210,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">214,725</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">563,475</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>U.S. Government Agencies &#150; 2.9%</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Small Business Administration, 4.34%, 2024</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">7,615,823</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">7,223,493</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Small Business Administration, 4.77%, 2024</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">5,889,975</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">5,737,329</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Small Business Administration, 5.11%, 2025</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">2,652,266</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">2,631,025</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">15,591,847</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>U.S. Treasury Obligations &#150; 9.1%</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">U.S. Treasury Bonds, 12%, 2013</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">7,500,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">8,767,380</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">U.S. Treasury Bonds, 10.625%, 2015</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">3,350,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">4,877,258</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">U.S. Treasury Bonds, 6.25%, 2023</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">8,000,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">9,459,376</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">U.S. Treasury Bonds, 5.375%, 2031</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">635,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">706,859</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">U.S. Treasury Notes, 4.25%, 2014</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">2,500,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">2,435,743</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">U.S. Treasury Notes, 4.125%, 2015</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,285,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,240,477</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">U.S. Treasury Notes, 9.875%, 2015</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">5,025,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">7,069,939</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">U.S. Treasury Notes, TIPS, 2%, 2014</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">10,820,708</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">10,827,471</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">U.S. Treasury Notes, TIPS, 1.625%, 2015</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">3,717,101</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">3,606,603</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">48,991,106</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Utilities - Electric Power &#150; 3.4%</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Allegheny Energy Supply Co. LLC, 8.25%, 2012 (a)</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">545,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">598,819</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">CMS Energy Corp., 8.5%, 2011</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">285,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">310,650</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">DPL, Inc., 6.875%, 2011</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">707,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">742,153</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Duke Capital Corp., 8%, 2019</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,350,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,595,385</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Enersis S.A., 7.375%, 2014</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,273,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,361,042</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">FirstEnergy Corp., 6.45%, 2011</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">4,759,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">4,976,929</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Mirant North America LLC, 7.375%, 2013 (a)</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">370,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">379,713</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">MSW Energy Holdings LLC, 7.375%, 2010</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">545,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">564,075</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Nevada Power Co., 5.875%, 2015</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">900,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">901,650</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">NorthWestern Corp., 5.875%, 2014</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,010,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,015,213</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">NRG Energy, Inc., 7.375%, 2016</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,110,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,143,300</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Reliant Resources, Inc., 9.5%, 2013</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">235,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">239,700</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">System Energy Resources, Inc., 5.129%, 2014 (a)</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">2,255,683</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">2,156,433</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">TECO Energy, Inc., 7.5%, 2010</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">450,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">479,250</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">TXU Corp., 5.55%, 2014</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">605,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">576,183</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">TXU Energy Co., 7%, 2013</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,220,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,296,526</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">18,337,021</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Total Bonds</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>$</B></FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>516,169,162</B></FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Common Stocks &#150; 0.0%</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Printing &amp; Publishing &#150; 0.0%</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Golden Books Family Entertainment, Inc. (n)</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">3,683</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">0</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Specialty Chemicals &#150; 0.0%</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Sterling Chemicals, Inc. (n)</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">10</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Total Common Stocks</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>$</B></FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>10</B></FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Convertible Preferred Stocks &#150; 0.1%</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Automotive &#150; 0.1%</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">General Motors Corp., 5.25%</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">25,500</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">387,855</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
</TABLE>
<BR>

<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
<TD WIDTH="99%" align="right"><FONT FACE="Arial Narrow, sans-serif" SIZE="2">8</FONT></TD>
<TD WIDTH="1%"><FONT FACE="Arial Narrow, sans-serif" SIZE="2">&nbsp;</FONT></TD>
</TR>
</TABLE>
<BR>

<div style="PAGE-BREAK-BEFORE: always">&nbsp;</div>

<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
     <TD ALIGN="LEFT"><p><FONT FACE="Arial Narrow, sans-serif" SIZE="2">MFS Charter Income Trust<BR>
PORTFOLIO OF INVESTMENTS (Unaudited) 02/28/2006 - continued</FONT></P>
</TD>
</TR>
</TABLE>
<BR>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="700">
<TR VALIGN="BOTTOM">
     <TH ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Issuer</FONT></TH>
     <TH><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Strike<BR>Price</FONT></TH>
     <TH><FONT SIZE="2" FACE="Arial Narrow, sans-serif">First<BR>Exercise</FONT></TH>
     <TH COLSPAN="2" ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Shares/Par</FONT></TH>
     <TH><FONT FACE="Arial Narrow, sans-serif" SIZE="1">&nbsp;</FONT></TH>
     <TH COLSPAN="2" ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Value ($)</FONT></TH>
     <TH><FONT FACE="Arial Narrow, sans-serif" SIZE="1">&nbsp;</FONT></TH></TR>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Warrants &#150; 0%</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td WIDTH="53%" ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Loral Space &amp; Communications Ltd. (Business Services) (n)</FONT></td>
     <td WIDTH="9%" ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$&nbsp;&nbsp;&nbsp;0.14&nbsp;&nbsp;&nbsp;</FONT></td>
     <td WIDTH="9%" ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1/28/97&nbsp;&nbsp;&nbsp;</FONT></TD>
     <td WIDTH="1%" ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td WIDTH="11%" ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1,625</FONT></TD>
     <td WIDTH="4%" ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td WIDTH="1%" ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td WIDTH="11%" ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">0</FONT></TD>
     <td WIDTH="1%" ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Loral Space &amp; Communications Ltd. (Business Services) (n)</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">0.14&nbsp;&nbsp;&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1/28/97&nbsp;&nbsp;&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">750</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">0</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">Sterling Chemicals, Inc. (Specialty Chemicals) (n)</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">52.00&nbsp;&nbsp;&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">12/31/02&nbsp;&nbsp;&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">1</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">0</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Total Warrants</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>$</B></FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>0</B></FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Short-Term Obligation &#150; 1.8%</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">General Electric Capital Corp., 4.56%, due 3/01/06 (y)</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">9,638,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">9,638,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Total Investments (k)</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>$</B></FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>526,195,027</B></FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>Other Assets, Less Liabilities &#150; 2.2%</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">11,850,117</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Net Assets &#150; 100.0%</B></FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>$</B></FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif"><B>538,045,144</B></FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Arial Narrow, sans-serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD></TR>
</TABLE>

<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
<TD WIDTH="4%"><FONT FACE="Arial Narrow, sans-serif" SIZE="2">&nbsp;</FONT></TD>
<TD ALIGN="LEFT" WIDTH="4%"><FONT FACE="Arial Narrow, sans-serif" SIZE="2">(n) </FONT></TD>
<TD WIDTH="92%"><FONT FACE="Arial Narrow, sans-serif" SIZE="2">Non-income
producing security.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD><FONT FACE="Arial Narrow, sans-serif" SIZE="2">&nbsp;</FONT></TD>
<TD ALIGN="LEFT"><FONT FACE="Arial Narrow, sans-serif" SIZE="2">(d) </FONT></TD>
<TD><FONT FACE="Arial Narrow, sans-serif" SIZE="2">Non-income
producing security - in default.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD><FONT FACE="Arial Narrow, sans-serif" SIZE="2">&nbsp;</FONT></TD>
<TD ALIGN="LEFT"><FONT FACE="Arial Narrow, sans-serif" SIZE="2">(i) </FONT></TD>
<TD><FONT FACE="Arial Narrow, sans-serif" SIZE="2">Interest
only security for which the fund receives interest on notional principal (Par amount).
Par amount shown is the  notional principal and does not reflect the cost of the
security.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD><FONT FACE="Arial Narrow, sans-serif" SIZE="2">&nbsp;</FONT></TD>
<TD ALIGN="LEFT"><FONT FACE="Arial Narrow, sans-serif" SIZE="2">(y) </FONT></TD>
<TD><FONT FACE="Arial Narrow, sans-serif" SIZE="2">The
rate shown represents an annualized yield at time of purchase.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD><FONT FACE="Arial Narrow, sans-serif" SIZE="2">&nbsp;</FONT></TD>
<TD ALIGN="LEFT"><FONT FACE="Arial Narrow, sans-serif" SIZE="2">(k) </FONT></TD>
<TD><FONT FACE="Arial Narrow, sans-serif" SIZE="2">As
of February 28, 2006, the fund had five securities that were fair valued, aggregating $0,
in accordance with the policies  adopted by the Board of Trustees.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD><FONT FACE="Arial Narrow, sans-serif" SIZE="2">&nbsp;</FONT></TD>
<TD ALIGN="LEFT"><FONT FACE="Arial Narrow, sans-serif" SIZE="2">(a) </FONT></TD>
<TD><FONT FACE="Arial Narrow, sans-serif" SIZE="2">SEC
Rule 144A restriction.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD><FONT FACE="Arial Narrow, sans-serif" SIZE="2">&nbsp;</FONT></TD>
<TD ALIGN="LEFT"><FONT FACE="Arial Narrow, sans-serif" SIZE="2">(r) </FONT></TD>
<TD><FONT FACE="Arial Narrow, sans-serif" SIZE="2">Restricted
securities (excluding 144A issues) are not registered under the Securities Act of 1933
and are subject to legal or  contractual restrictions on resale. These securities
generally may be resold in transactions exempt from registration or to the  public if the
securities are registered. Disposal of these securities may involve time-consuming
negotiations and prompt sale  at an acceptable price may be difficult. The trust holds
the following restricted  security:</FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="700">
<TR VALIGN="BOTTOM">
     <TH><FONT size="2" face="Times New Roman, Times, serif"></FONT></TH>
     <TH ALIGN="left"><FONT size="2" face="Times New Roman, Times, serif">Restricted Security</FONT></TH>
     <TH><FONT size="2" face="Times New Roman, Times, serif"></FONT></TH>
     <TH><FONT size="2" face="Times New Roman, Times, serif">Acquisition Date</FONT></TH>
     <TH><FONT size="2" face="Times New Roman, Times, serif"></FONT></TH>
     <TH><FONT size="2" face="Times New Roman, Times, serif">Acquisition Cost</FONT></TH>
     <TH><FONT size="2" face="Times New Roman, Times, serif"></FONT></TH>
     <TH><FONT size="2" face="Times New Roman, Times, serif">Current Market Value</FONT></TH>
     <TH><FONT size="2" face="Times New Roman, Times, serif"></FONT></TH>
     <TH><FONT size="2" face="Times New Roman, Times, serif">Total % of Net Assets</FONT></TH>
     <TH><FONT size="2" face="Times New Roman, Times, serif"></FONT></TH></TR>
<TR>
     <TD><FONT SIZE="1">&nbsp;</FONT></TD>
     <TD COLSPAN="9"><HR NOSHADE SIZE="1"></TD>
     <TD><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR valign="BOTTOM">
     <TD width="8%" align="LEFT"><FONT size="2" face="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <TD width="40%" align="LEFT"><FONT size="2" face="Times New Roman, Times, serif">Airplane Pass-Through Trust, "D", 10.875%, 2019</FONT></TD>
     <TD width="1%" align="LEFT"><FONT size="2" face="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <TD width="8%" align="center"><FONT size="2" face="Times New Roman, Times, serif">3/13/96</FONT></TD>
     <TD width="4%" align="LEFT"><FONT size="2" face="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <TD width="8%" align="center"><FONT size="2" face="Times New Roman, Times, serif">$222,233</FONT></TD>
     <TD width="4%" align="LEFT"><FONT size="2" face="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <TD width="11%" align="RIGHT" style="BORDER-BOTTOM: #000000 1pt solid"><FONT size="2" face="Times New Roman, Times, serif">$0</FONT></TD>
     <TD width="4%" align="LEFT" style="BORDER-BOTTOM: #000000 1pt solid"><FONT size="2" face="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <TD width="11%" align="RIGHT" style="BORDER-BOTTOM: #000000 1pt solid"><FONT size="2" face="Times New Roman, Times, serif">0.0%</FONT></TD>
     <TD width="1%" align="LEFT"><FONT face="Times New Roman, Times, serif" size="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="BOTTOM">
     <TD ALIGN="LEFT"><FONT size="2" face="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <TD ALIGN="LEFT"><FONT size="2" face="Times New Roman, Times, serif">Total Restricted Securities</FONT></td>
     <TD ALIGN="LEFT"><FONT size="2" face="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <TD ALIGN="RIGHT"><FONT size="2" face="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT size="2" face="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <TD ALIGN="RIGHT"><FONT size="2" face="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <TD ALIGN="LEFT"><FONT size="2" face="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <TD ALIGN="RIGHT"><FONT size="2" face="Times New Roman, Times, serif">$0</FONT></TD>
     <TD ALIGN="LEFT"><FONT size="2" face="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <TD ALIGN="RIGHT"><FONT size="2" face="Times New Roman, Times, serif">0.0%</FONT></TD>
     <TD ALIGN="LEFT"><FONT face="Times New Roman, Times, serif" size="2">&nbsp;</FONT></TD></TR>
</TABLE>
<BR>

<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
<TD ALIGN="LEFT"><FONT FACE="Arial Narrow, sans-serif" SIZE="2">The following
abbreviations are used in the Portfolio of Investments and are defined:</FONT>
</TD>
</TR>
</TABLE>

<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
<TD WIDTH="8%"><FONT FACE="Arial Narrow, sans-serif" SIZE="2">FRN </FONT></TD>
<TD WIDTH="92%"><FONT FACE="Arial Narrow, sans-serif" SIZE="2">Floating
Rate Note. The interest rate is the rate in effect as of period end.</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD ALIGN="LEFT"><FONT FACE="Arial Narrow, sans-serif" SIZE="2">TIPS </FONT></TD>
<TD><FONT FACE="Arial Narrow, sans-serif" SIZE="2">Treasury
Inflation Protected Security </FONT></TD>
</TR>
</TABLE>

<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
<TD ALIGN="LEFT" COLSPAN="2" style="BORDER-BOTTOM: #000000 1pt solid"><FONT FACE="Arial Narrow, sans-serif" SIZE="2">Insurer</FONT></Td>
<TD><FONT FACE="Arial Narrow, sans-serif" SIZE="1">&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD ALIGN="LEFT" WIDTH="8%"><FONT FACE="Arial Narrow, sans-serif" SIZE="2">MBIA </FONT></TD>
<TD WIDTH="91%"><FONT FACE="Arial Narrow, sans-serif" SIZE="2">MBIA
Insurance Corp.</FONT></TD>
<TD WIDTH="1%"><FONT FACE="Arial Narrow, sans-serif" SIZE="1">&nbsp;</FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
     <TD ALIGN="LEFT"><P><FONT FACE="Arial Narrow, sans-serif" SIZE="2">Abbreviations have been used throughout
this report to indicate amounts shown in currencies other than the U.S. dollar.  All
amounts  are stated in U.S. dollars unless otherwise indicated. A list of abbreviations
is shown below:</FONT></P>
</TD>
</TR>
</TABLE>


<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
<TD WIDTH="8%"><FONT FACE="Arial Narrow, sans-serif" SIZE="2">&nbsp;</FONT></TD>
<TD ALIGN="LEFT" WIDTH="4%"><FONT FACE="Arial Narrow, sans-serif" SIZE="2">AUD </FONT></TD>
<TD WIDTH="88%"><FONT FACE="Arial Narrow, sans-serif" SIZE="2">Australian
Dollar</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD><FONT FACE="Arial Narrow, sans-serif" SIZE="2">&nbsp;</FONT></TD>
<TD ALIGN="LEFT"><FONT FACE="Arial Narrow, sans-serif" SIZE="2">CAD </FONT></TD>
<TD><FONT FACE="Arial Narrow, sans-serif" SIZE="2">Canadian
Dollar</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD><FONT FACE="Arial Narrow, sans-serif" SIZE="2">&nbsp;</FONT></TD>
<TD ALIGN="LEFT"><FONT FACE="Arial Narrow, sans-serif" SIZE="2">CNY </FONT></TD>
<TD><FONT FACE="Arial Narrow, sans-serif" SIZE="2">Chinese
Yuan Renminbi</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD><FONT FACE="Arial Narrow, sans-serif" SIZE="2">&nbsp;</FONT></TD>
<TD ALIGN="LEFT"><FONT FACE="Arial Narrow, sans-serif" SIZE="2">EUR </FONT></TD>
<TD><FONT FACE="Arial Narrow, sans-serif" SIZE="2">Euro</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD><FONT FACE="Arial Narrow, sans-serif" SIZE="2">&nbsp;</FONT></TD>
<TD ALIGN="LEFT"><FONT FACE="Arial Narrow, sans-serif" SIZE="2">GBP </FONT></TD>
<TD><FONT FACE="Arial Narrow, sans-serif" SIZE="2">British
Pound</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD><FONT FACE="Arial Narrow, sans-serif" SIZE="2">&nbsp;</FONT></TD>
<TD ALIGN="LEFT"><FONT FACE="Arial Narrow, sans-serif" SIZE="2">JPY </FONT></TD>
<TD><FONT FACE="Arial Narrow, sans-serif" SIZE="2">Japanese
Yen</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD><FONT FACE="Arial Narrow, sans-serif" SIZE="2">&nbsp;</FONT></TD>
<TD ALIGN="LEFT"><FONT FACE="Arial Narrow, sans-serif" SIZE="2">NOK </FONT></TD>
<TD><FONT FACE="Arial Narrow, sans-serif" SIZE="2">Norwegian
Krone</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD><FONT FACE="Arial Narrow, sans-serif" SIZE="2">&nbsp;</FONT></TD>
<TD ALIGN="LEFT"><FONT FACE="Arial Narrow, sans-serif" SIZE="2">NZD </FONT></TD>
<TD><FONT FACE="Arial Narrow, sans-serif" SIZE="2">New
Zealand Dollar</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD><FONT FACE="Arial Narrow, sans-serif" SIZE="2">&nbsp;</FONT></TD>
<TD ALIGN="LEFT"><FONT FACE="Arial Narrow, sans-serif" SIZE="2">SEK </FONT></TD>
<TD><FONT FACE="Arial Narrow, sans-serif" SIZE="2">Swedish
Krona</FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
     <TD ALIGN="LEFT"><P><FONT FACE="Arial Narrow, sans-serif" SIZE="2">See attached schedules. For more
information see notes to financial statements as disclosed in the most recent semiannual
or annual  report.</FONT></P>
</TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
<TD WIDTH="99%" align="right"><FONT FACE="Arial Narrow, sans-serif" SIZE="2">9</FONT></TD>
<TD WIDTH="1%"><FONT FACE="Arial Narrow, sans-serif" SIZE="2">&nbsp;</FONT></TD>
</TR>
</TABLE>
<BR>

<div style="PAGE-BREAK-BEFORE: always">&nbsp;</div>

<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
     <TD ALIGN="LEFT"><P><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>MFS Charter Income
Trust<BR>Supplemental Schedules (Unaudited) 02/28/2006</B></FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>(1) Portfolio Securities</B></FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE="2">The cost and unrealized
appreciation and depreciation in the value of the investments owned by the trust, as
computed on a federal income tax basis, are as follows:</FONT></P>
</TD>
</TR>
</TABLE>
<BR>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="700">
<TR VALIGN="middle">
     <td WIDTH="70%" ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">Aggregate Cost</FONT></TD>
     <td WIDTH="1%" ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <td WIDTH="1%" ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <td WIDTH="1%" ALIGN="RIGHT" style="BORDER-BOTTOM: #000000 2pt double"><FONT SIZE="2" FACE="Times New Roman, Times, serif">$</FONT></td>
     <td WIDTH="12%" ALIGN="RIGHT" style="BORDER-BOTTOM: #000000 2pt double"><FONT SIZE="2" FACE="Times New Roman, Times, serif">538,095,567</FONT></TD>
     <td WIDTH="15%" ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
</tr>
<TR VALIGN="middle">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">Gross unrealized appreciation</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">5,367,315</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
</tr>
<TR VALIGN="middle">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">Gross unrealized depreciation</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT" style="BORDER-BOTTOM: #000000 1pt solid"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT" style="BORDER-BOTTOM: #000000 1pt solid"><FONT SIZE="2" FACE="Times New Roman, Times, serif">(17,267,855</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">)</FONT></TD>
</tr>
<TR VALIGN="middle">
     <td ALIGN="LEFT" style="padding-left:50px"><FONT SIZE="2" FACE="Times New Roman, Times, serif">Net unrealized appreciation (depreciation)</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT" style="BORDER-BOTTOM: #000000 2pt DOUBLE"><FONT SIZE="2" FACE="Times New Roman, Times, serif">$</FONT></td>
     <td ALIGN="RIGHT" style="BORDER-BOTTOM: #000000 2pt DOUBLE"><FONT SIZE="2" FACE="Times New Roman, Times, serif">(11,900,540</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">)</FONT></TD>
</tr>
</TABLE>
<BR>

<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
     <TD ALIGN="LEFT"><P><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Aggregate cost includes prior
fiscal year end tax adjustments.</FONT></P>

<P><FONT FACE="Times New Roman, Times, serif" SIZE="2"><B>(2) Financial Instruments<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Derivatives</U></B></FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Forward Foreign Currency
Exchange Contracts</B></FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Sales and Purchases in the table
below are reported by currency.</FONT></P>
</TD>
</TR>
</TABLE>
<BR>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="700">
<TR VALIGN="BOTTOM">
     <TH colspan="3"><FONT size="2" face="Times New Roman, Times, serif">Contracts to <BR>Deliver/Receive</FONT></TH>
     <TH><FONT size="2" face="Times New Roman, Times, serif">&nbsp;</FONT></TH>
     <TH><FONT size="2" face="Times New Roman, Times, serif">Settlement Date</FONT></TH>
     <TH><FONT size="2" face="Times New Roman, Times, serif"></FONT></TH>
     <TH colspan="2"><FONT size="2" face="Times New Roman, Times, serif">In Exchange For</FONT></TH>
     <TH><FONT size="2" face="Times New Roman, Times, serif">&nbsp;</FONT></TH>
     <TH colspan="2"><FONT size="2" face="Times New Roman, Times, serif">Contracts <BR>at Value</FONT></TH>
     <TH><FONT size="2" face="Times New Roman, Times, serif">&nbsp;</FONT></TH>
     <TH colspan="2"><FONT size="2" face="Times New Roman, Times, serif">Net Unrealized Appreciation (Depreciation)</FONT></TH>
     <TD ALIGN="LEFT">&nbsp;</TD></TR>
<TR VALIGN="BOTTOM">
     <TD colspan="15" ALIGN="LEFT"><HR noshade size="1"></TD></TR>
<TR VALIGN="BOTTOM">
     <td WIDTH="14%" ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif"><B><U>Sales</U></B></FONT></TD>
     <td WIDTH="1%" ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <td WIDTH="10%" ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif"></FONT></TD>
     <td WIDTH="1%" ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <TD WIDTH="20%" ALIGN="CENTER"><FONT SIZE="2" FACE="Times New Roman, Times, serif"></FONT></TD>
     <td WIDTH="4%" ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <td WIDTH="1%" ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <td WIDTH="12%" ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif"></FONT></TD>
     <td WIDTH="5%" ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <td WIDTH="1%" ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <td WIDTH="12%" ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif"></FONT></TD>
     <td WIDTH="5%" ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <td WIDTH="1%" ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <td WIDTH="12%" ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif"></FONT></TD>
     <td WIDTH="1%" ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
</tr>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">AUD</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">4,490,980</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <TD ALIGN="CENTER"><FONT SIZE="2" FACE="Times New Roman, Times, serif">3/20/06-4/07/06</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">3,287,149</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">3,277,570</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">9,579</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
</tr>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">EUR</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">79,805,059</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <TD ALIGN="CENTER"><FONT SIZE="2" FACE="Times New Roman, Times, serif">3/27/06-4/18/06</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">95,261,044</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">95,519,934</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">(258,890</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">)</FONT></TD>
</tr>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">GBP</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">12,267,420</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <TD ALIGN="CENTER"><FONT SIZE="2" FACE="Times New Roman, Times, serif">3/30/06</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">21,826,040</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">21,543,777</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">282,263</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
</tr>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">JPY</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">2,215,193,960</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <TD ALIGN="CENTER"><FONT SIZE="2" FACE="Times New Roman, Times, serif">3/15/06-3/27/06</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">19,192,247</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">19,167,267</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">24,980</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
</tr>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">NOK</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">378,445</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <TD ALIGN="CENTER"><FONT SIZE="2" FACE="Times New Roman, Times, serif">3/13/06</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">57,229</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">56,197</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">1,032</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
</tr>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">NZD</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">20,470,137</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <TD ALIGN="CENTER"><FONT SIZE="2" FACE="Times New Roman, Times, serif">3/20/06-4/07/06</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT" style="BORDER-BOTTOM: #000000 1pt solid"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT" style="BORDER-BOTTOM: #000000 1pt solid"><FONT SIZE="2" FACE="Times New Roman, Times, serif">14,033,363</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT" style="BORDER-BOTTOM: #000000 1pt solid"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT" style="BORDER-BOTTOM: #000000 1pt solid"><FONT SIZE="2" FACE="Times New Roman, Times, serif">13,544,642</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT" style="BORDER-BOTTOM: #000000 1pt solid"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT" style="BORDER-BOTTOM: #000000 1pt solid"><FONT SIZE="2" FACE="Times New Roman, Times, serif">488,721</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
</tr>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <TD ALIGN="CENTER"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT" style="BORDER-BOTTOM: #000000 2pt double"><FONT SIZE="2" FACE="Times New Roman, Times, serif">$</FONT></td>
     <td ALIGN="RIGHT" style="BORDER-BOTTOM: #000000 2pt double"><FONT SIZE="2" FACE="Times New Roman, Times, serif">153,657,072</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT" style="BORDER-BOTTOM: #000000 2pt double"><FONT SIZE="2" FACE="Times New Roman, Times, serif">$</FONT></td>
     <td ALIGN="RIGHT" style="BORDER-BOTTOM: #000000 2pt double"><FONT SIZE="2" FACE="Times New Roman, Times, serif">153,109,387</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT" style="BORDER-BOTTOM: #000000 2pt double"><FONT SIZE="2" FACE="Times New Roman, Times, serif">$</FONT></td>
     <td ALIGN="RIGHT" style="BORDER-BOTTOM: #000000 2pt double"><FONT SIZE="2" FACE="Times New Roman, Times, serif">547,685</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
</tr>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT" COLSPAN="15"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
</tr>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif"><B><U>Purchases</U></B></FONT></td>
</tr>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">AUD</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">4,490,980</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <TD ALIGN="CENTER"><FONT SIZE="2" FACE="Times New Roman, Times, serif">3/20/06-4/07/06</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">3,286,699</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">3,277,570</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">$</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">(9,129</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">)</FONT></TD>
</tr>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">CAD</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">1,595,230</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <TD ALIGN="CENTER"><FONT SIZE="2" FACE="Times New Roman, Times, serif">3/20/06</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">1,376,444</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">1,403,574</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">27,130</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
</tr>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">CNY</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">42,072,400</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <TD ALIGN="CENTER"><FONT SIZE="2" FACE="Times New Roman, Times, serif">4/06/06</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">5,266,621</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">5,266,950</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">329</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
</tr>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">EUR</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">4,196,551</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <TD ALIGN="CENTER"><FONT SIZE="2" FACE="Times New Roman, Times, serif">3/20/06-3/27/06</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">5,145,433</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">5,015,962</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">(129,471</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">)</FONT></TD>
</tr>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">JPY</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">2,215,193,960</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <TD ALIGN="CENTER"><FONT SIZE="2" FACE="Times New Roman, Times, serif">3/15/06-3/27/06</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">18,800,000</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">19,167,267</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">367,267</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
</tr>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">NZD</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">2,096,899</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <TD ALIGN="CENTER"><FONT SIZE="2" FACE="Times New Roman, Times, serif">4/07/06</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">1,424,759</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">1,387,124</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">(37,635</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">)</FONT></TD>
</tr>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">SEK</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">1,151,519</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <TD ALIGN="CENTER"><FONT SIZE="2" FACE="Times New Roman, Times, serif">3/13/06</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT" style="BORDER-BOTTOM: #000000 1pt solid"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT" style="BORDER-BOTTOM: #000000 1pt solid"><FONT SIZE="2" FACE="Times New Roman, Times, serif">148,608</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT" style="BORDER-BOTTOM: #000000 1pt solid"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT" style="BORDER-BOTTOM: #000000 1pt solid"><FONT SIZE="2" FACE="Times New Roman, Times, serif">145,769</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT" style="BORDER-BOTTOM: #000000 1pt solid"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT" style="BORDER-BOTTOM: #000000 1pt solid"><FONT SIZE="2" FACE="Times New Roman, Times, serif">(2,839</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">)</FONT></TD>
</tr>
<TR VALIGN="BOTTOM">
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></td>
     <TD ALIGN="CENTER"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT" style="BORDER-BOTTOM: #000000 2pt double"><FONT SIZE="2" FACE="Times New Roman, Times, serif">$</FONT></td>
     <td ALIGN="RIGHT" style="BORDER-BOTTOM: #000000 2pt double"><FONT SIZE="2" FACE="Times New Roman, Times, serif">35,448,564</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT" style="BORDER-BOTTOM: #000000 2pt double"><FONT SIZE="2" FACE="Times New Roman, Times, serif">$</FONT></td>
     <td ALIGN="RIGHT" style="BORDER-BOTTOM: #000000 2pt double"><FONT SIZE="2" FACE="Times New Roman, Times, serif">35,664,216</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <td ALIGN="RIGHT" style="BORDER-BOTTOM: #000000 2pt double"><FONT SIZE="2" FACE="Times New Roman, Times, serif">$</FONT></td>
     <td ALIGN="RIGHT" style="BORDER-BOTTOM: #000000 2pt double"><FONT SIZE="2" FACE="Times New Roman, Times, serif">215,652</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
</tr>
</TABLE>
<BR>

<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
<TD ALIGN="LEFT"><P><FONT FACE="Times New Roman, Times, Serif" SIZE="2">At
February 26, 2006, forward foreign currency purchases and sales under master
netting agreements excluded above amounted to a net receivable of $40,967 with
Merrill Lynch International.</FONT></P>
</TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
<TD WIDTH="99%" align="right"><FONT FACE="Arial Narrow, sans-serif" SIZE="2">10</FONT></TD>
<TD WIDTH="1%"><FONT FACE="Arial Narrow, sans-serif" SIZE="2">&nbsp;</FONT></TD>
</TR>
</TABLE>
<BR>

<div style="PAGE-BREAK-BEFORE: always">&nbsp;</div>

<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
     <TD ALIGN="LEFT"><P><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>MFS Charter Income
Trust<BR>Supplemental Schedules (Unaudited) 02/28/2006 - continued</B></FONT></P>

<P><FONT FACE="Times New Roman, Times, serif" SIZE="2"><B>Credit Default Swaps</B></FONT></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" WIDTH="700">
<TR VALIGN="BOTTOM">
     <TD WIDTH="9%" ALIGN="CENTER"><FONT SIZE="2" FACE="Times New Roman, Times, serif"><B>Expiration</B></FONT></TD>
     <td WIDTH="3%" ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <TD WIDTH="18%" ALIGN="CENTER"><FONT SIZE="2" FACE="Times New Roman, Times, serif"><B>Notional Principal Amount of Contract</B></FONT></TD>
     <td WIDTH="3%" ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <td WIDTH="38%" ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif"><B>Description</B></FONT></TD>
     <td WIDTH="3%" ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <TD WIDTH="12%" ALIGN="CENTER"><FONT SIZE="2" FACE="Times New Roman, Times, serif"><B>Unrealized Appreciation (Depreciation)</B></FONT></TD>
     <td WIDTH="14%" ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
</tr>
<TR>
     <TD COLSPAN="7"><HR NOSHADE SIZE="1"></TD>
     <TD><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR VALIGN="top">
     <TD ALIGN="CENTER"><FONT SIZE="2" FACE="Times New Roman, Times, serif">3/20/2011</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <TD ALIGN="CENTER"><FONT SIZE="2" FACE="Times New Roman, Times, serif">$&nbsp;&nbsp;2,700,000</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">Agreement
     between the trust and Merrill Lynch Capital Services to exchange the credit risk
     of Kohls Corp. As a buyer of protection, the trust agrees to pay Merrill Lynch
     quarterly at a fixed annual rate of 0.42% of the notional amount of $2,700,000
     until maturity on March 20, 2011. If Kohls Corp. experiences one of the
     following credit events: bankruptcy, failure to pay, or a restructuring, the
     trust would then purchase $2,700,000 par of Kohls bonds at the post credit event
     market price, and then deliver those bonds to Merrill Lynch, who in turn would
     deliver $2,700,000 in cash to the trust.</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD>
     <TD ALIGN="CENTER"><FONT SIZE="2" FACE="Times New Roman, Times, serif">$&nbsp;&nbsp;&nbsp;&nbsp;(1,481)</FONT></td>
     <td ALIGN="LEFT"><FONT SIZE="2" FACE="Times New Roman, Times, serif">&nbsp;</FONT></TD></TR>
</TABLE>
<BR>

<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
     <TD ALIGN="LEFT"><P><FONT FACE="Times New Roman, Times, Serif" SIZE="2">At February 28, 2006 the trust had
sufficient cash and/or securities to cover any commitments under  these derivative
contracts.</FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>(3) Country Weightings</B></FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Country weighting percentages of
portfolio holdings based on total net assets as of February 28, 2006,  are as follows:</FONT></P>
</TD>
</TR>
</TABLE>
<BR>

<TABLE cellSpacing="0" cellPadding="1" width="200" border="0">
<TR vAlign="middle" style="font-family: Arial Narrow, sans-serif">
      <TD style="BORDER-TOP: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" width="54%">
      <FONT size="2">United States</FONT></TD>
      <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-TOP: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" align=right width="45%">
      <FONT size="2">64.4%</FONT></TD></TR>
<TR vAlign="middle" style="font-family: Arial Narrow, sans-serif">
      <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid">
      <FONT size="2">Great Britain</FONT></TD>
      <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" align=right>
      <FONT size="2">5.4%</FONT></TD></TR>
<TR vAlign="middle" style="font-family: Arial Narrow, sans-serif">
      <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid">
      <FONT size="2">Germany</FONT></TD>
      <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" align=right>
      <FONT size="2">4.8%</FONT></TD></TR>
<TR vAlign="middle" style="font-family: Arial Narrow, sans-serif">
      <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid">
      <FONT size="2">France</FONT></TD>
      <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" align=right>
      <FONT size="2">3.1%</FONT></TD></TR>
<TR vAlign="middle" style="font-family: Arial Narrow, sans-serif">
      <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid">
      <FONT size="2">Ireland</FONT></TD>
      <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" align=right>
      <FONT size="2">2.5%</FONT></TD></TR>
<TR vAlign="middle" style="font-family: Arial Narrow, sans-serif">
      <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid">
      <FONT size="2">Netherlands</FONT></TD>
      <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" align=right>
      <FONT size="2">2.2%</FONT></TD></TR>
<TR vAlign="middle" style="font-family: Arial Narrow, sans-serif">
      <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid">
      <FONT size="2">Finland</FONT></TD>
      <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" align=right>
      <FONT size="2">2.2%</FONT></TD></TR>
<TR vAlign="middle" style="font-family: Arial Narrow, sans-serif">
      <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid">
      <FONT size="2">Spain</FONT></TD>
      <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" align=right>
      <FONT size="2">2.1%</FONT></TD></TR>
<TR vAlign="middle" style="font-family: Arial Narrow, sans-serif">
      <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid">
      <FONT size="2">New Zealand</FONT></TD>
      <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" align=right>
      <FONT size="2">2.0%</FONT></TD></TR>
<TR vAlign="middle" style="font-family: Arial Narrow, sans-serif">
      <TD style="BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid">
      <FONT size="2">Other</FONT></TD>
      <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" align=right>
      <FONT size="2">11.3%</FONT></TD></TR>
</TABLE>
<BR>

<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
     <TD ALIGN="LEFT"><P><FONT FACE="Times New Roman, Times, Serif" SIZE="2">The country weighting percentages
include both accrued interest amounts and the equivalent exposure from any  derivative
holdings, if applicable.</FONT></P>
</TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
<TD WIDTH="99%" align="right"><FONT FACE="Arial Narrow, sans-serif" SIZE="2">11</FONT></TD>
<TD WIDTH="1%"><FONT FACE="Arial Narrow, sans-serif" SIZE="2">&nbsp;</FONT></TD>
</TR>
</TABLE>
<BR>

<div style="PAGE-BREAK-BEFORE: always">&nbsp;</div>

<P><FONT FACE="Times New Roman, Times, Serif" size="3"><B>ITEM 2.  CONTROLS AND
PROCEDURES.</B></FONT></P>

<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
<TD WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" size="3">(a) </FONT></TD>
<TD WIDTH="96%"><FONT FACE="Times New Roman, Times, Serif" size="3">Based
upon their evaluation of the  effectiveness of the  registrant&#146;s  disclosure
controls and  procedures (as defined in Rule 30a-3(c)  under the  Investment  Company Act
of 1940 (the &#147;Act&#148;))  as  conducted  within 90 days of the filing date of this
Form N-Q,  the  registrant&#146;s  principal  financial officer and principal  executive
officer have concluded that those disclosure controls  and  procedures  provide
reasonable  assurance  that the  material  information  required to be  disclosed by the
registrant  on this report is  recorded,  processed,  summarized  and reported  within
the time periods specified in the Securities and Exchange Commission&#146;s rules and
forms.</FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
<TD WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" size="3">(b) </FONT></TD>
<TD WIDTH="96%"><FONT FACE="Times New Roman, Times, Serif" size="3">There
were no  changes in the  registrant&#146;s  internal  controls  over  financial
reporting  (as  defined in Rule  30a-3(d)  under the Act) that  occurred  during the
registrant&#146;s  last  fiscal  quarter that have  materially  affected,  or are
reasonably  likely to materially  affect,  the  registrant&#146;s internal control over
financial reporting.</FONT></TD>
</TR>
</TABLE>
<BR>

<P><FONT FACE="Times New Roman, Times, Serif" size="3"><B>ITEM 3.  EXHIBITS.</B></FONT></P>

<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
     <TD ALIGN="LEFT"><P><FONT FACE="Times New Roman, Times, Serif" size="3">File as exhibits as part of this
Form a separate  certification for each principal  executive officer and  principal
financial  officer  of the  registrant  as  required  by Rule  30a-2(a)  under the Act
(17 CFR  270.30a-2):  Attached hereto.</FONT></P>
</TD>
</TR>
</TABLE>
<BR>

<div style="PAGE-BREAK-BEFORE: always">&nbsp;</div>


<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
     <TD ALIGN="LEFT"><P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" size="3"><B><U>Notice</U></B></FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE="3">A copy of the Amended and Restated
Declaration of Trust of the Registrant is on file with the Secretary of State of the Commonwealth of
Massachusetts and notice is hereby given that this instrument is executed on behalf of the
Registrant by an officer of the Registrant as an officer and not individually and the obligations of
or arising out of this instrument are not binding upon any of the Trustees or shareholders
individually, but are binding only upon the assets and property of the respective constituent series
of the Registrant.</FONT></P>

<BR>

<P align="center"><FONT FACE="Times New Roman, Times, Serif" size="3">SIGNATURES</FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" size="3">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>

<P><FONT FACE="Times New Roman, Times, Serif" size="3">Registrant: <U>MFS CHARTER INCOME TRUST</U></FONT></P>
</TD>
</TR>
</TABLE>
<BR>

<BR>

<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
      <TD WIDTH="25%"><FONT FACE="Times New Roman, Times, serif" SIZE="3">By (Signature and Title)*</FONT></TD>
      <TD WIDTH="73%" style="BORDER-BOTTOM: #000000 1pt solid"><FONT FACE="Times New Roman, Times, serif" SIZE="3">MARIA F. DWYER</FONT></TD>
      <TD WIDTH="2%"><FONT SIZE="1">&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
      <TD><FONT SIZE="3">&nbsp;</FONT></TD>
      <TD><FONT FACE="Times New Roman, Times, serif" SIZE="3">Maria F. Dwyer, President</FONT></TD>
      <TD><FONT SIZE="1">&nbsp;</FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
     <TD ALIGN="LEFT"><P><FONT FACE="Times New Roman, Times, Serif" size="3">Date:  <U>April 24, 2006</U></FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" size="3">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>
</TD>
</TR>
</TABLE>
<BR>

<BR>

<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
      <TD WIDTH="25%"><FONT FACE="Times New Roman, Times, serif" SIZE="3">By (Signature and Title)*</FONT></TD>
      <TD WIDTH="73%" style="BORDER-BOTTOM: #000000 1pt solid"><FONT FACE="Times New Roman, Times, serif" SIZE="3">MARIA F. DWYER</FONT></TD>
      <TD WIDTH="2%"><FONT SIZE="1">&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
      <TD><FONT SIZE="3">&nbsp;</FONT></TD>
      <TD><FONT FACE="Times New Roman, Times, serif" SIZE="3">Maria F. Dwyer, President (Principal Executive Officer)</FONT></TD>
      <TD><FONT SIZE="1">&nbsp;</FONT></TD>
</TR>
</TABLE>
<BR>

<P><FONT FACE="Times New Roman, Times, Serif" size="3">Date:  <U>April 24, 2006</U></FONT></P>

<BR>

<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
      <TD WIDTH="25%"><FONT FACE="Times New Roman, Times, serif" SIZE="3">By (Signature and Title)*</FONT></TD>
      <TD WIDTH="73%" style="BORDER-BOTTOM: #000000 1pt solid"><FONT FACE="Times New Roman, Times, serif" SIZE="3">TRACY ATKINSON</FONT></TD>
      <TD WIDTH="2%"><FONT SIZE="1">&nbsp;</FONT></TD>
</TR>
<TR VALIGN="TOP">
      <TD><FONT SIZE="3">&nbsp;</FONT></TD>
      <TD><FONT FACE="Times New Roman, Times, serif" SIZE="3">Tracy Atkinson, Treasurer (Principal Financial Officer and Accounting Officer)</FONT></TD>
      <TD><FONT SIZE="1">&nbsp;</FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
     <TD ALIGN="LEFT"><P><FONT FACE="Times New Roman, Times, Serif" size="3">Date:  <U>April 24, 2006</U></FONT></P>

<BR>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE="3">*  Print name and title of each
signing officer under his or her signature.</FONT></P>
</TD>
</TR>
</TABLE>
<BR>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.CERT
<SEQUENCE>2
<FILENAME>ex99_cert-d64544.htm
<DESCRIPTION>CERTIFICATION
<TEXT>
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 3.2 Final//EN">
<HTML>
<HEAD>
     <TITLE>MFS Charter Income Trust EX-99.CERT</TITLE>
</HEAD>

<BODY bgcolor="#ffffff">

<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
     <TD ALIGN="LEFT"><P align="right"><FONT FACE="Times New Roman, Times, Serif" size="3"><B><U>EX-99.CERT</U></B></FONT></P>

<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" size="3"><B>MFS CHARTER INCOME TRUST</B></FONT></P>

<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" size="3"><B>CERTIFICATION</B></FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" size="3">I, Tracy Atkinson, certify that:</FONT></P>
</TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
<TD WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" size="3">1. </FONT></TD>
<TD WIDTH="96%"><FONT FACE="Times New Roman, Times, Serif" size="3">I
have reviewed this report on Form N-Q of MFS Charter Income Trust;</FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
<TD WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" size="3">2. </FONT></TD>
<TD WIDTH="96%"><FONT FACE="Times New Roman, Times, Serif" size="3">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></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
<TD WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" size="3">3. </FONT></TD>
<TD WIDTH="96%"><FONT FACE="Times New Roman, Times, Serif" size="3">Based
on my knowledge,  the schedules of  investments  included in this report fairly present
in  all material  respects the investments of the registrant as of the end of the fiscal
quarter for  which the report is filed;</FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
<TD WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" size="3">4. </FONT></TD>
<TD WIDTH="96%"><FONT FACE="Times New Roman, Times, Serif" size="3">The
registrant&#146;s  other  certifying  officer  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></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
<TD WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" size="3">&nbsp;</FONT></TD>
<TD ALIGN="LEFT" WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" size="3">a. </FONT></TD>
<TD WIDTH="92%"><FONT FACE="Times New Roman, Times, Serif" size="3">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></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
<TD WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" size="3">&nbsp;</FONT></TD>
<TD ALIGN="LEFT" WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" size="3">b. </FONT></TD>
<TD WIDTH="92%"><FONT FACE="Times New Roman, Times, Serif" size="3">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></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
<TD WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" size="3">&nbsp;</FONT></TD>
<TD ALIGN="LEFT" WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" size="3">c. </FONT></TD>
<TD WIDTH="92%"><FONT FACE="Times New Roman, Times, Serif" size="3">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></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
<TD WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" size="3">&nbsp;</FONT></TD>
<TD ALIGN="LEFT" WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" size="3">d. </FONT></TD>
<TD WIDTH="92%"><FONT FACE="Times New Roman, Times, Serif" size="3">disclosed
in this  report  any  change in the  registrant&#146;s  internal  control  over
financial  reporting  that occurred  during the  registrant&#146;s  most recent fiscal
quarter that has  materially  affected,  or is reasonably  likely to materially  affect,
the registrant&#146;s  internal control over financial reporting; and</FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
<TD WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" size="3">5. </FONT></TD>
<TD WIDTH="96%"><FONT FACE="Times New Roman, Times, Serif" size="3">The
registrant&#146;s other certifying officer 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></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
<TD WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" size="3">&nbsp;</FONT></TD>
<TD ALIGN="LEFT" WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" size="3">a. </FONT></TD>
<TD WIDTH="92%"><FONT FACE="Times New Roman, Times, Serif" size="3">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></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
<TD WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" size="3">&nbsp;</FONT></TD>
<TD ALIGN="LEFT" WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" size="3">b. </FONT></TD>
<TD WIDTH="92%"><FONT FACE="Times New Roman, Times, Serif" size="3">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></TD>
</TR>
</TABLE>
<BR>

<TABLE CELLSPACING="0" CELLPADDING="0" BORDER="0" WIDTH="700">
<TR VALIGN="TOP">
     <TD WIDTH="5%"><FONT FACE="Times New Roman, Times, serif" size="3">Date:&nbsp;</FONT></TD>
     <TD WIDTH="25%"><FONT FACE="Times New Roman, Times, serif" size="3"><U>April 24, 2006</U></FONT></TD>
     <TD WIDTH="20%"><FONT size="3">&nbsp;</FONT></TD>
     <TD WIDTH="48%" style="BORDER-BOTTOM: #000000 1pt solid"><FONT FACE="Times New Roman, Times, serif" size="3">TRACY ATKINSON</FONT></TD>
     <TD WIDTH="2%"><FONT size="3">&nbsp;</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD COLSPAN="3"><FONT size="3">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, serif" size="3">Tracy Atkinson<BR>Treasurer (Principal Financial Officer and Accounting Officer)</FONT></TD>
     <TD><FONT size="3">&nbsp;</FONT></TD></TR>
</TABLE>
<BR>

<div style="PAGE-BREAK-BEFORE: always">&nbsp;</div>

<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
     <TD ALIGN="LEFT"><P align="right"><FONT FACE="Times New Roman, Times, Serif" size="3"><B><U>EX-99.CERT</U></B></FONT></P>

<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" size="3"><B>MFS CHARTER INCOME TRUST</B></FONT></P>

<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" size="3"><B>CERTIFICATION</B></FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" size="3">I, Maria F. Dwyer, certify that:</FONT></P>
</TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
<TD WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" size="3">1. </FONT></TD>
<TD WIDTH="96%"><FONT FACE="Times New Roman, Times, Serif" size="3">I
have reviewed this report on Form N-Q of MFS Charter Income Trust;</FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
<TD WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" size="3">2. </FONT></TD>
<TD WIDTH="96%"><FONT FACE="Times New Roman, Times, Serif" size="3">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></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
<TD WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" size="3">3. </FONT></TD>
<TD WIDTH="96%"><FONT FACE="Times New Roman, Times, Serif" size="3">Based
on my knowledge,  the schedules of  investments  included in this report fairly present
in  all material  respects the investments of the registrant as of the end of the fiscal
quarter for  which the report is filed;</FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
<TD WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" size="3">4. </FONT></TD>
<TD WIDTH="96%"><FONT FACE="Times New Roman, Times, Serif" size="3">The
registrant&#146;s  other  certifying  officer  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></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
<TD WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" size="3">&nbsp;</FONT></TD>
<TD ALIGN="LEFT" WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" size="3">a. </FONT></TD>
<TD WIDTH="92%"><FONT FACE="Times New Roman, Times, Serif" size="3">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></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
<TD WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" size="3">&nbsp;</FONT></TD>
<TD ALIGN="LEFT" WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" size="3">b. </FONT></TD>
<TD WIDTH="92%"><FONT FACE="Times New Roman, Times, Serif" size="3">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></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
<TD WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" size="3">&nbsp;</FONT></TD>
<TD ALIGN="LEFT" WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" size="3">c. </FONT></TD>
<TD WIDTH="92%"><FONT FACE="Times New Roman, Times, Serif" size="3">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></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
<TD WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" size="3">&nbsp;</FONT></TD>
<TD ALIGN="LEFT" WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" size="3">d. </FONT></TD>
<TD WIDTH="92%"><FONT FACE="Times New Roman, Times, Serif" size="3">disclosed
in this  report  any  change in the  registrant&#146;s  internal  control  over
financial  reporting  that occurred  during the  registrant&#146;s  most recent  fiscal
quarter that has  materially  affected,  or is reasonably  likely to materially  affect,
the  registrant&#146;s  internal control over financial reporting; and</FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
<TD WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" size="3">5. </FONT></TD>
<TD WIDTH="96%"><FONT FACE="Times New Roman, Times, Serif" size="3">The
registrant&#146;s other certifying officer 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></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
<TD WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" size="3">&nbsp;</FONT></TD>
<TD ALIGN="LEFT" WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" size="3">a. </FONT></TD>
<TD WIDTH="92%"><FONT FACE="Times New Roman, Times, Serif" size="3">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></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH="700" CELLPADDING="0" CELLSPACING="0" BORDER="0">
<TR VALIGN="TOP">
<TD WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" size="3">&nbsp;</FONT></TD>
<TD ALIGN="LEFT" WIDTH="4%"><FONT FACE="Times New Roman, Times, Serif" size="3">b. </FONT></TD>
<TD WIDTH="92%"><FONT FACE="Times New Roman, Times, Serif" size="3">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></TD>
</TR>
</TABLE>
<BR>

<TABLE CELLSPACING="0" CELLPADDING="0" BORDER="0" WIDTH="700">
<TR VALIGN="TOP">
     <TD WIDTH="5%"><FONT FACE="Times New Roman, Times, serif" size="3">Date:&nbsp;</FONT></TD>
     <TD WIDTH="25%"><FONT FACE="Times New Roman, Times, serif" size="3"><U>April 24, 2006</U></FONT></TD>
     <TD WIDTH="20%"><FONT size="3">&nbsp;</FONT></TD>
     <TD WIDTH="48%" style="BORDER-BOTTOM: #000000 1pt solid"><FONT FACE="Times New Roman, Times, serif" size="3">MARIA F. DWYER</FONT></TD>
     <TD WIDTH="2%"><FONT size="3">&nbsp;</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD COLSPAN="3"><FONT size="3">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, serif" size="3">Maria F. Dwyer<BR>President (Principal Executive Officer)</FONT></TD>
     <TD><FONT size="3">&nbsp;</FONT></TD></TR>
</TABLE>
<BR>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>d64544cover.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 d64544cover.jpg
M_]C_X``02D9)1@`!`0$`2`!(``#_VP!#``("`@("`@("`@("`@("`P0#`@(#
M!`4$!`0$!`4&!04%!04%!@8'!P@'!P8)"0H*"0D,#`P,#`P,#`P,#`P,#`S_
MVP!#`0,#`P4$!0D&!@D-"PD+#0\.#@X.#P\,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`S_P``1"`.*`KP#`1$``A$!`Q$!_\0`
M'0`!``$%`0$!``````````````4"`P0&!P@!"?_$`%X0``$#`@0#!`8&!0<&
M"0L#!0$``@,$$04&$B$',4$3(E%A"!0R<8'2&"-"5I&3%18S4M$D8G*2H;'!
M-$-3@K+A%R4W<W6BL\+P-3A$5&-D971V@Y4)A90F1F:CT__$`!0!`0``````
M``````````````#_Q``4$0$`````````````````````_]H`#`,!``(1`Q$`
M/P#CZ`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(
M"`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(
M"`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(
M"`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(
M"`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(
M"`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(
M"`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(
M"`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(
M-TCX?YKFPC*F/1X;JPK.U=/AN7:K6VTU33O$<C#^[WCM?F@Z+BGHU\7<&:/T
ME@-%3S2?Y-1FM@]8FWM]3%JU/W_="#3,=X9X]E>I;0X]-AE-6/A[=L-/4,JK
M-MN'F$N#'#EI.Z##H>'&;L2RC-GFCPYLN6H,0BPN2N[1@/K4Q#6,T$WYN&Z#
M"SMDC,?#W'7Y;S71,P_%XX(JE],)&R?5SC4PZFDC<(-8G@GI9##4PRTTP`<8
MI6ECK.%P;'Q""6RWEW%LW8Y09=P&G%9B^)%[:.FU!NHL8Z1VYV]EI03N4N'6
M:<[PYEJ,`I:26GRC1^O8]/45$=.R&&Y%]4A`)):0`$&BW'B@F,`P/$LS8UAF
M7\&A%3BN,3MIL/IRX-UROY"YV01]53RT=34T<X#9Z25\,[0;V?&XM<+^\(+"
M`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("
M`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@]S<.\=R-]'?#L,Q[&<
M-.8,KXIBF9L`P5]3V,OK5"6R0M_^Z3LW[2"<XY\1,K8_7<)L5P5^&XCQ`J<*
MAJ<(S'!B@@I<$JY9&2OCJH[%ILXN]H[(.+\;,1P>@Q++M=3MRO49HQ_"359]
M.7YVR4!Q'66!T?9]UI<SO$#J4&R<,\PY4?PAPW)&8,2H::/&LQ8CB=6\S]G+
M3?HFC%52ZF^%1*WLQYH.NY^Q3(O$G#<`SP^NR!#74W#[&I,QX?553!6-KJNE
M_D$$;3O+)$[8?NH+;9\KY]J,ES8KB7"E]-0UF5:JEJ:Z:*GJW8918?V>)PUK
MC<N=VMM+#S05RMX:97'"?]'Y@R#58G09PQ'U[,N'F."5U!)1U.CUAC=VM#G!
M@OY>*#SAP9QO)&$X/Q5&>*./&<*KOT-V6!^M>JR5.C%`]SF'[0C'?<WJ$'9:
MR#(N3\6H,89+PMQ2:63/F+X73L,593]F^!CL(BJH=@#J!T1E!MN`5>1</Q')
M>)Y)K.%N'SRG"<0XGUF)OB;+#+/"'S#"M?L:;D%K.10>?/2@_5V?-F!XEEV?
M*'98G0RRU6&9?T/CI7=NX-$TS/VDCQWB3[D'F5`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;G@/#O.^:*,8CE_+&*8K0F7L&U<++L,@^R"2-T%R
MGX;9\J9LP4U/E/&)9\K1]KF.$1=ZC9:^J4=`@PL3R/FW!,.P7%L5R_B.'X9F
M/_R%6RLTLJNGU1ZH,RJX;Y[HLPT&4ZS*N+TV9<4C9+AV"R1Z9YHY/8<QIYWZ
M()B3@KQ5BKZ?#)<@YACQ"K[;U:F=#WG>K[S=;=SJ@RZG@/QAI74[*GAUF6%]
M7,RGIHW0C4^6078T"][D!!@1\&N*,M1#219%QZ2JJ)G4T,#8@7.E8"7,`OS`
M""/Q#AEQ`PNKP6AQ'*6,TE9F*3LL"ADCL:I_[L6^Y07#PKXB-Q''\(_4W&OT
MIE>D]?S#0"+ZVDIK:NUE;?8600$F5,PQ9>I\VRX-6,RU5SNIJ7&7-^I?*W8L
M:?$(-BP;A1Q'S#A-/CN!Y,QS%,'JY'14V(4\6J-\C026@WY@"Z"WAG"[B'C%
M-ZYAF3\;JZ;UAU+VS8K#MF>TP7MN$%W!^$_$G,$5?/@N2\=Q&'"ZPX?B,D,5
M^QJ@=/9/N19UR@D,.X)\6L7IWU6&Y`S'64\4DL4LC(?9=`=,H-S]D\T&#!PE
MXE56(8]A5/DO')L1ROH_6&D9&"ZD[1NIO:[[7"`.$W$IU74T(R9CAJJ.%M15
M1=G[$3SI:XF]MR@MTO"KB-78M78#29-QRHQG#*5M=7X<R+ZV.F?[,I%_9/B@
MB<#R1FW,HQ=V`9?Q'%A@,3IL9-.S5ZM&SVGR>`""6H^%?$;$*"FQ.CR=CE10
M5D;YJ6H;%M)&SVG-%[V""#RWE#,^<,3."Y7P/$,<Q9K7/.'TK-4MF^T=/D@S
MXN'F=Y\+QW&X<LXK+A&69GT^8,0:R\5)+'[393?8A!F0\+.(M1A[<6@R=CDF
M'OI?7F5(BV--:_:@<[601V+Y#SE@.$89C^-9<Q/#<%QHVPG$IV:8J@_S#U0;
M!)P8XJPT0Q&3(>86T3J3U]E1V6SJ:VKM1ONVR".H.%_$+%*3`J[#\HXS5T>9
MI'0Y?J8X[LJY&>TV(WW(083N'^=65N8,-?EC%VXAE2!U5F.C,1[2CA8+NDE;
MT`02,_"CB/38+-F.HR;C<.!T]&W$)\2?':-M*^VF4[WTG4$&/4\,\_T>!R9E
MJ\IXS3X#%`RIDQ22/3$(9#9K^=[$E!HR`@DX\&Q67":C'HZ"I=@U)4,I*G$@
MWZID\@+F1EWB0+H,_+F4LS9NGJJ7+."5^-ST47;U<=*S48XKVUN\!=!>?DG-
ML>-.RX_+^)MQUL+ZAV%F/ZT11L+WOMX!H)N@U=!-8SES'<NNHV8YA=7A;\0@
M;54;*ANDR0OW:\#P*"%0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0
M$!`0$!`0$!`0$!`0$!`0$!`0$!`0$'K6NP['\_<#N#^&\/,.C;B>!8EC=/CV
M'X=5LIW]I/+%V$TW:2,)=+;W"R#LV/S4U7Q)XCY;PH/I\T57!R3!<4<Z001X
MGC#8:8-9&Y[FL>]@&C5?<@[H-7.3ACF/>CAE/-#8Y:+)&3ZFNXA8>:R(BBBB
MJ9Y&F0]IIU$Z18&_)!L&:JB#CE!PBXKY(PFHH\>R]FFFP#,\]15P15,=%2R1
MR0S.!D9]7=SM[>*#[Q^?CV8<O9DFX953L+H<&S?B\6=L%AKH_6)Y:J4=E7,>
M9-79S^##9!1B7ZQ4GI8\*)AB,T>$3X=@4LC_`%YKZ<Q4V'B&K+OK"W9P(-]S
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MPQP3MKBU]&(0R1K0YS?CXH.8^CW^L=1A/&W$:RG_`$]'2Y,J,-]0KJWLVU-1
MZPR7L'.[1KW.TM>00>EKH,P5>)<1>"6,8+D&8T.)8-G:;$W92]<T54.#S4K8
MXHFS2O:Y[&S:MBY!VO`C)/FCAW@-/)&<RY4X48M39SJ!5QMTSUM$Z.CII9=8
MUO:\CJ;<]D'"N#7#G/>7HN)-5B%(*)F-<.LP4D$9KH&N=4O;&(F.`EW<_P"R
M@ZE+AF8,4X]<.\_X9BM-4<-F4>&/=6Q5D4=+1Q45`V*KCEA[0<I6NOW=T'..
M#5;28[Z553CV68F4^`&JQBH9&9F4T78OI)XV-<=3!:1Y`^*#,RW+42<'>.!_
M4C"\L185B>`#%:2DK2YU;ZA7&2MA<R69VK1&;DMY^:#I&,4V+XWZ0^3>)&"X
ME2T?"ZCH,)Q"LQ(5<3**+#J>$=O`8!(.G=TZ4'.>)F1<WYXR?P9H\O0LK(?_
M`.I)"UU="&0LJ<6DJ*8O:Z4:;PN!&W+9!U;`<%S7A.9_1JQ[$9O4LOY,R?/%
MGFLFKX714Q8:HNCGC[4ZB6N`&QY@=$'/\0PO&,=X?<-:G+<<M+28CQ2QC&<(
M@CK(HY(,*G=%V4ENT;V;>X[;:WQ0=>R?G'(^<\W9NXF9FJ\/P'-G#R+%<'SE
M1,D9ZMC>$GZJFG+2>^Z)@(.QOL@Y;GS)-7C69^*V<\?S+CV'9#_5V+%,`J\'
MK:<TV)4NB+LZ'L'2[$W;8:>AV02&?GU^/\-,\U&><"PK!,P9>P"ACRSG3!ZX
M&FQVBUQZ:>6F,OM@6<;-Y@H./\'\IX1B>2*G%L)R-@'$W.9Q44^(Y?Q6K]59
M0T`L65+/K([ZW=T^2#L^4^$.4<3SYBM+29(RCC.0:-D<N+XQ/7B.2&N<V\N&
MT5YFWTO[K2[;S0<UQ'!L5I,8R;P>P+`,*S)78=48G5Y@R=6S""FUS5!?1OJ9
M=3+NBIW`7#CMR0=JFRIEO(&/9HPO+>6,"K,6Q;(E/^DLAQU[1AF-O]?9VKH9
MQ+VC-&X`U`W'@@CL1PO+N%YGQ/%\?S/5Y6PG/6#4F$Y8AG=%-68-4T\@?-@C
MYHM3=#FNT.=JOI=S0962<C97I\1QO&,]\(<G9)K\L.%1DBCH,09-^E:N)Q<(
MP)9GM-M(MJV\4'F7TA,+C-3E3.=4:C#\S9X9B-3F/*;YHYV86ZFJ!%"V,QN=
M82L[UOP0><T!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!!4'O;LU[FCR)"#;\S9[S)G"DR_39@K37RY;I745!
M7N'\H=`77:R1X]K1:S?)!J.M][ZWWY7N4'P/>/9>]H\`2$'W6_?OOWY[G=`U
MON#K?<<C<W0.TD_TDG]8H&M_[[_'F4#M)#SD>?B4%)+G;N<YQ\2;H/NIUM.I
MVG]V^WX(/H>\;![P/`%!\UOY:W6/,70?>TD_TDGOU%!\#WM]E[FWYV-D`.</
M9<X7YV*#[VC[WUOOXW*!VDG^DD_K%`UOY:WV\+E!2'.;NUSFGQ!L@^ZW[C6^
MQYB_-!]UOY:WV\+E`[20<I)!;EN4#M)/]))_6*!K?L-;[#D+E!\U.W[SM^>_
M-!]UR$6,C[>%R@%[R+%[R/`DH/@<YOLN<WW&R"]!4.AFBE([9L;PYT#R[0^W
M1UB-D&Q9PS?BF=<>GS#BC:6GK)XH8.SI&]G&V.",1L:T7Z-"#6.TDO?M)+^-
MS=!MF(YSQ+$<IX+DU]/04^%8)5RUT,D3")I:B9H:]\KR3<V"#4^TD_TDG]8H
M/A<YWM.<[WFZ"E`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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
M$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0
M$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$'T`D@`$D[`(-IDR-G6&A?BDV4,S
MQ89'&99,1?0SM@;&.;C(6:;>:#54$IA.!XUCU0ZDP/",3QFJ8SM'TU#`^>0-
MY:BV,$V09M1E'-=)74V&566<?IL2K+^J8?+1S-FEMN=$9;J=;R02G_!MQ%^X
M6<O_`,;4_P#_`#086(Y(SG@]*^OQ;*69<+H8]I*RKH9X8FD^+WL`01F%X'C6
M.2/AP7",3Q>:(:I(J*!\[FCQ(C!09U?D_-N%THKL3ROF##J(\JNIHYHHOZ[V
M@(,:@RWF+%865.&8#C&(T\DAACGIJ:25CI!S8'-:1??D@B)(Y(9)(I6/BEB<
M62QN%G-<W8@@\B$%"";P_+68\6@=585@.,XG2L.EU12TTLS`?#4QI"#/DR-G
M.GCCGJ\JY@H:61P;ZY4T<T4(N;7=(]H:`@W3,O!#/>5,FMS_`(C'@E1E9]5'
M1-Q&AKH:F\TM[-TQD^&_@@Y"@("`@("`@("`@RJ.BK,0J(Z2@I:FMJYC:*F@
M8Z21Q\FMN2@V.MR#GK#:6:NQ')F:J"BIQ>HJZB@J(XF#Q<]S``@U)`0$!`0$
M!`0$!`0$!!NE#PWXB8I315N&9#SCB-'.-4-738;4RQO!ZM<V,@H,AO"SB<]S
MF,X=9Y<]GML&%59(]X[-!#XUD[-V6XV39BRMF+`8I#ICEQ"CFIFN/@#(UJ#6
MT!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0
M?02"""01N"$'Z<^C+G>>@R#E;#<ZXS/699SQB6)X';$)GS#M7Z611-UDV!W%
MD'@KBSDJHX>\0\TY3J=-\-K7F#3R["4ZXO\`J$(/<_H8X*W)]'18W61L&,\2
MJIU)AH#KG]$P1.>Z7;V3V[4'C#B]F3,?_"GFZK.8,;=5X=BM4W#ZHU4O:0`F
MUHG:KLV\$'ISTF,VYMPWA[Z/T^'YIS'0S5V6HI:^:GK9HG3R&&/OREC@7'S*
M#S?1<5\]MX>YMRWB\N-YCP3,LL+'XIB%743-II6#8,UN<+E!ZAQ7+N9L%]%+
M(%=PBIZR2IQV9U5GO%L+9IKK=X`&1EGM:T[&R#S1@'&;-F`92X@9*S!6XICC
M,PT;:*EH\3DDG-),UYUN;VCB6&Q0>P.&=3447#O$<(?B.%TV"YFRK047#V*"
M?U9\F.O8YM7]8S=KP^VIW1!XGXV47Z,SY4X:Z*EAJJ"@H:?$64YU,]:C@:)C
MK^V2^]W=>:"7]'GA?3\5^).%Y?Q%SFX)2@UN.:7:7&FBW+0?,[(-MX_\6<4J
MLXUN3<F2'*62LDS.PW!:+"7.I3.(NZ9IW1ENISO-!K7#SCAC^7:3-&!9GQ7%
MLP9>S%@]71>J5<LE3V51)':)[.T=MOS0=IAH*O$?0>P;#\.I9:RNK,]MBIJ6
M%NI\CW/>``!U0>6<9X6\1LNX;+C&.9*S#A>%0_ML0J*=S8F]-W?%!K6"9?QS
M,E9^C\`PJNQ>NTZO5:5AD?I\;!!L6(<,N(6$X;)C.)9.Q^BPJ)Q9)B$M.X1-
M<.8+D&!@>1<XYEHJG$LOY:Q?&*"B.FKJZ6$R,C/\XA!,MX2<37X;'C#<BYE.
M%RG3'7^K.[,GPN@[IGWT?'X'P<X6YHP'+>8*G.69.VDS7#=SQ`QK26CLOLH/
M-&#Y3S-F&LJL.P/`\2Q6NH6E]92TT9>^)H-KN`Y(+F.9.S5EF*FGS!@&*8/!
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M7N4$'@63<UYHDJH<NY?Q7&9:'_+(J6(R.CWMW@.2"1P[AKG_`!<..&90QVNT
M3/@=V4#C:6/VV>\(,.ER-G&NK\0PNDRUB]1B.$N#,2HV0DR0.=R#QTN@IS!D
MC-^5(:2HS+ES%L$IZXD4<U7$8VR$"_=)YH,/`<L9AS3434F7,&Q#&JFGC[:>
M&DC,CF,Y:C;H@OXYE#-&68Z:;,&`XG@\-9<4DM5$6-DMSTDH-;0=HS3QVS]C
MC<$I<&Q_,&4,)P##XZ"APO"\2J8H]+!N]VE[;DH/3'&S.^=</]'?T=L5H,XY
MIHL3Q6EE.*8C!7U$<]21%L9I&O#GV\R@\Z-X@\1^)>2J;A>:7'<[5M-7OQ2G
MKY:B>LK`.K+/+NZ$&I47!_BEB-374=!D'-%55X:&FOIXZ5Q?$'B[=0Z701]1
MPTX@4N"U68ZG)^/0X#0W%9B[H'""+2=)U/Z6.R#"RWD;..<3*W*N6L7S`Z#]
MLVBB,I;[[((K]!8R<7?@(PRL.-1RF"3"]![9LK>;"WQ"#9JSAAQ#P^AKL3KL
MFX_2X?AC.TQ"LD@(9"WQ>>B#NO#+@&S,W"#BGG+&L!QUV8L#I8I,E0,+HVS&
M1H?K#!^T0>8\7P/%\`JO4L:PZKPRKTZO5ZANAUCUL@BD!`0$!`0$!`0$!`0$
M!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0>IJJJFP_T9,@8E2NT5>&YPK*J
MDD_=DC>"TH.P<?<L'C?EGA!Q5RBR.IQ',G8Y=QR.%EP*V_MRNV=W2UPWZ(-C
MX9X[25?I09=RK@SFG+W#G`SE_"M![K],>N9]AM?M"X(/$_'"F91\6N(M+&2Y
MD&-536D\^:#U]QUS-ES+O#C@!^GL@8-G4U&5H/5Y:VIG@=!:*.X;V)%P?-!Y
MFSMQ)REF?A[A&6\`R?1Y*J\,KGSU-#1R230SB0W$FN3O7'F4&1PVXV\4^"M-
M2-PQ\CLNXRTU5-@^(-+J:=H.DOCON!TV0>LL/QKA]Z67#_-C,2RIAF6.)>3<
M-GQ1M90,TM<`#WPZPU!VD`AU[(/SVP;.69<!HZV@PK%JFFI,1B[*>'V@UIW)
MCU7[,^;;%!KLLTT\CI9Y99Y7^U+(XN<?>2@]J>@O*T<1\VTH<UM37Y9GAH[_
M`.DUM=_<$'D;->'XCA69L?P[%W%V)TE?.RN<;[R:S<[H(%K'O-F,<\\[-%]D
M'OW`<U8EE'T(&U^%"(5E9FF6B94N]J`2R$]K&>CQIV*"*]#_`#'C>8*[BCE/
M'L1K,;P*MRK4UDU%7ROJ6B:,Z0YHE+@-G(./\%F<49Y^(&#\.6T^'T>+4A@S
M-F6>T<>'TC)7'6)_L7W&R#TWZ/6"2X=E3C?15?$C+^?:1V5JN3]#TE3-5FFF
M9%+]<6SC2+\KA!R#T':RJ9QB=2BIJ/4OU>Q"62AUN[%[F]G8N9?2?P0<5S3Q
M8XB3XYGFG=FO%V4N8:^>/$Z*.5S82R*5S6!D8[K+`?9`0>B^->)XG#Z,'HX5
M,.)8A%45#*GUB=LT@?)W#[3@;GXH-BQ7!:/*7HP</:+!<RX)DW%.)D[\0Q_'
MJQ[XIZD1]_LFS1`NVVN"4&C81F7)V'<$N(.0,[YYR_F[$*ES*_(SJ:2:HEAJ
M6;O;VDK.[<\@/-!L_H_9FQS!/1FX^8Q0XC4"OP>2`85)*XRBG+XFM)B:^X;[
M71!XSQ?/.;L?P7#LO8WF#$\6PC"9GU&'TM7*Z;LI)-G%KGDGKXH-3/(H/;/I
M0_\`)9Z.'_051_LPH-H]&?-V+8)P'X\XKJ9B1RU3,FPNDK/K8F%T)N`'7VZV
M0<@]&W/N<9^.V38Y<Q8M+39CQ%]/C%#)/(^":*5KG.88G.+;>&VR#=L$R+@&
M9O30QW*M=0T[L#ILPUU5^C[!L9%(WM@RPVM<<D'(N-/%'-V.<5\R8G#BM=A#
M,$Q%]%@M'1320Q00TCRV*S&D"^V^R#TUP5S=)CN7^/?I"8OAM#4YQR[A=-2X
M<-.IK'QTEC,W5<ASR+E!Y(X?<4<UX%Q(P#-,F,8K6O?BK)*^CDGDDCF942:9
M&.C)((L_E9![FQ3`J+*?IM95BP$.PRBS-0MQ+$*&G/9Q.EDC>Q^J-EF[Z;[A
M!X^X\<0<P5'&C.M?A>(5N"'!\5DI:.*BE?"P&C=H$FEA`NXMN?%!W;TPLQXI
M04G"N"@F_1\^:,NTV+YBKZ3ZB:LJFL8QKI71V)M<\_%!%9)Q/$,T>B#Q9&8J
MN7&3E?%HQ@$M6>VDI@]D+B&2/NX;N/5!.XU@='E;T8^&%!E[,.7\D5?$4_I/
M-.-5DDD%15%C=3(XYH1JL-KB]D&HY:S'D["N$7$/(>?L]Y<S<^N8VMR48))J
MF>GK&7+AKE9=H<;6MYH/%J`4'MCCQ_YM'HS_`/RDW_9(/+?#JJJJ3/>4'TE5
M4TKW8Q1,<^%[HR6F=EQ=I&Q0>N_2[XI9XR[QR=0Y=QVMP&++=!2/H74,CHB]
MU3%VCW3!M@_=UAJN@QN%V)XCB7HG^D+/7UU762/Q&-Q,LCGV,C8GOL"=KG<H
M.8^B+65<7'G)%/%654-/.^K[>GCD<UDG\EEV>T&SOB@W7)&=,H9,])?B%69W
M,=/A.*U.+8<<;>"\T3Z@V$HV=^*">S?P9SIDO+>:,]\-N(,7$[(F)8/44V*-
M]:DFG91U0[TKH@\M.@`%!9X&U]>?1C](^4UU:9*6"F;2O[5]X@(^3#?N_!!X
MBJ:NKK).UK*JHJY;6[69[I'6][B4&.@("`@("`@("`@("`@("`@("`@("`@(
M"`@("`@("`@("`@("`@(+L+&2311R2M@CD>UKYG;A@)L7&W@@]:9AEX9-X%8
M;D+#^*.%8AC^!5]3BQ#:*I;'4F8W$$=QL[S.R#,X#>D!A_#OAOGO+6-R]O7P
M-=B7#^*1NML5?V999NQT[G5=!K_HS9NRCE#B!/G_`#MFVEP84[I;X:^"6::I
M=."2]CV["Q/5!`<6,.R#FOBA78Y@O$S"'X-G7$:BJJZR2DJ1^C&N:".W%KON
M=NZ@[%QNQ#A3GS)7#?"<'XQ9>=7</,&;AU3"Z@K!Z[(QC&ZHC;NB[>10>&7`
M-<YH<'@$@.'7S0>L,P8IPAXM9.R4RJS5_P`&^;LGX:W"ZR.OIWU%'6,:=7:,
M]7%PZ_B@KROG3(?`[)^>:?*^9H<^9WSQ2?HJ#$J*&2GI:&C(.LN$_>+G$]$'
MDI`0;UPWS]C/#/.&#YOP1[O6,,G:^>EO9L\/)\3_`"<$'=N*<_!CBSB`S_@.
M:H.'V/XR.VS-EG$*>68.J3L7Q/@!;O:Y06<AT_"'AY1YDQROXB4&:LP8C@M9
MAF"X;244S8X7U<?9F24S#>W2R#<9<;X8O]&&EX4CBE@OZR08R,<</4ZK21<G
MU?V?:[W/D@A_1:S'P]R!69IS#F[/^&8-)CF!U.#P80ZEJ))6OE>+2ES!IM8<
MD$EPUSGPRP;)_%/@YF'.S**@SA_*\-XBT-/*V'6'`B!\5NUMX^5P@D.".9N#
MW"RBXC8'7\0(L0Q+.N#387%F*&EF%#$V2-S6?5N':7#GW=_8@AO1OKN&7"KB
M)7YGQ_BK@<E!3X94X;3B*CJKSFIT=]O=V#=/5!YKX@8;@>'YAK),!S7A^;:3
M$)YZHUM)#+`UG:2N(:6R[WL4'I;&<T<-.)7`+ACDJOS[29-S/P\[05%)6TLT
M[:EKPX?5NAY=.:#"9Q"R!G[@]3<),X8W#@&+9%KY'Y'S>^&26GEI+VTO8SOA
MS@3?X(.-SY>X9X#@V+5=5G+]<,7FB,.!X=A4,E.V*9U_KIW3@7:/`(/0'"[&
MN&&`<">)60\6XIX)1XYQ#$,M/$:.J<*0QL9=DEF]XDBVR#QGBU)2T&)5E'18
MC!B])3R%D&)PM<QDS1]MK7[CXH+^`X=0XMBE-08EC5+EZCG)$V+U#'R1Q>9;
M'=Q0>Q^.^+<+LY<.^'>%X!Q9P.OQ7AKA4M+-0"AJV.Q"1XCMV#G"S/8/M(,/
M@UC_``UR_P`%^*.4L>XE81A>-\1J-L=)2/I*E_JCFQD6E+6V=N;;(.8<"7Y,
MRGQ7P;,^8<^87AN$90Q+MHZAU/._UY@:YMX@T$MO?[2#;,V\1,`R;Z0%1QBR
M5FC#\X4N)8U-7R8?3Q2P/CIIK:XG&46)+;C9!!<1<&X39TS=B&;<M\1<-RUA
M^99?7*G`JZDJ))Z.>7>4%T=VD:MQ9!L/#/BYD'AMC^:\E0P8OC7";.](VAQV
M>KT>L"?08S4L:W;LQ?8<[(->RC@'"#*V=J'-&*\2<-QS+V"5CJ^'`::CJ&U-
M0(R7PPZI!H!O8&Z#IF4.,V7<Y^D'#QCSQF3#\F85@UX<,P::&6>5]*UA9&S5
M$-(=O<E!P_B7AN3LP<4\=KL+XBX/4X%FG$*W$?TYZK4-CI!*\O9')&1J)WML
M@Z_Z3F9N'.?<,R%694X@X7B]7DO`(L(J,,;2U#'U#V:`9&.>T-`VY%!FY"QC
MAA@?H_\`$#AW7\5,%AQ[.]1%74S/4JHMI]$<0,4G=W-V$7""!_7G(/$/@[A'
M"G-V8J?+6/<.:M_ZH9L?#++1U=*;@M=&P=HUQ;XH.1?JYPQP'",3K\0SH,WX
ME)"8<&P?"89*<QSNO::=\X`+&^`W0<?02F"T-'B6*T-!B&*T^!T55*(ZG%YV
M.DCIVG[;FL[Q`\D'M'BQB?"O,W!OAGDC".+F`5.+\-J65LX]2K`*USH[`17;
MW=]N\@\M<,J?!'YRP.LQ_,U%E;#\+K:>MEKJF&29I$,C7E@;%O<V0=K]*C&,
MAYZSS7\0LGY]PO'FXG%1TOZ!BIJB.>(01=FY[GR-#2-D%7`[B!D:EX9<4.$V
M=L7DRU#G?148=F,QNEBAE8P`->QG>YL""3X$8AP?X2\0\.S5F/.\&9.P[6'#
M*B@IIHV4;G-+3-*)-W!S38`(,=E7P>J<_P#$BMQ[-V%XIA>=8ZJ3`L4]3GT4
M%1,2YCI6'O'3?[*"QP[S;EG@O09WQ&BXCP9UJ,9P6IP?#,J4L,\=-)//81U4
MXG&G3';D-T%_@-Q"R)2\/^+?#;/6.'*S.(<8=28[V3I8HGAIV+&=[F@\XYMP
M7`\"Q"*CP'-%'FVF[+5+BE-#)!'KN>Z&R][D@U5`0$!`0$!`0$!`0$!`0$!`
M0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`
M0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`
M0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`
M0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`
M0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`
M0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`
M0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`
M0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`
M0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`
M0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`
M0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`
M0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`
M0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`
M0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`
M0$!`0?MW]$#@?]V!^8_YD#Z('`_[L#\Q_P`R!]$#@?\`=@?F/^9`^B!P/^[`
M_,?\R!]$#@?]V!^8_P"9`^B!P/\`NP/S'_,@?1`X'_=@?F/^9`^B!P/^[`_,
M?\R!]$#@?]V!^8_YD#Z('`_[L#\Q_P`R!]$#@?\`=@?F/^9`^B!P/^[`_,?\
MR!]$#@?]V!^8_P"9`^B!P/\`NP/S'_,@?1`X'_=@?F/^9`^B!P/^[`_,?\R!
M]$#@?]V!^8_YD#Z('`_[L#\Q_P`R!]$#@?\`=@?F/^9`^B!P/^[`_,?\R!]$
M#@?]V!^8_P"9`^B!P/\`NP/S'_,@?1`X'_=@?F/^9`^B!P/^[`_,?\R!]$#@
M?]V!^8_YD#Z('`_[L#\Q_P`R!]$#@?\`=@?F/^9`^B!P/^[`_,?\R!]$#@?]
MV!^8_P"9`^B!P/\`NP/S'_,@?1`X'_=@?F/^9`^B!P/^[`_,?\R!]$#@?]V!
M^8_YD#Z('`_[L#\Q_P`R!]$#@?\`=@?F/^9`^B!P/^[`_,?\R!]$#@?]V!^8
M_P"9`^B!P/\`NP/S'_,@?1`X'_=@?F/^9`^B!P/^[`_,?\R!]$#@?]V!^8_Y
MD#Z('`_[L#\Q_P`R!]$#@?\`=@?F/^9`^B!P/^[`_,?\R!]$#@?]V!^8_P"9
M`^B!P/\`NP/S'_,@?1`X'_=@?F/^9`^B!P/^[`_,?\R!]$#@?]V!^8_YD#Z(
M'`_[L#\Q_P`R!]$#@?\`=@?F/^9`^B!P/^[`_,?\R!]$#@?]V!^8_P"9`^B!
MP/\`NP/S'_,@?1`X'_=@?F/^9`^B!P/^[`_,?\R!]$#@?]V!^8_YD#Z('`_[
ML#\Q_P`R!]$#@?\`=@?F/^9`^B!P/^[`_,?\R!]$#@?]V!^8_P"9`^B!P/\`
MNP/S'_,@?1`X'_=@?F/^9`^B!P/^[`_,?\R!]$#@?]V!^8_YD#Z('`_[L#\Q
M_P`R!]$#@?\`=@?F/^9`^B!P/^[`_,?\R!]$#@?]V!^8_P"9`^B!P/\`NP/S
M'_,@?1`X'_=@?F/^9`^B!P/^[`_,?\R!]$#@?]V!^8_YD#Z('`_[L#\Q_P`R
M!]$#@?\`=@?F/^9`^B!P/^[`_,?\R!]$#@?]V!^8_P"9`^B!P/\`NP/S'_,@
M?1`X'_=@?F/^9`^B!P/^[`_,?\R!]$#@?]V!^8_YD#Z('`_[L#\Q_P`R!]$#
M@?\`=@?F/^9`^B!P/^[`_,?\R!]$#@?]V!^8_P"9`^B!P/\`NP/S'_,@?1`X
M'_=@?F/^9`^B!P/^[`_,?\R#2W^D%G0>S'@?Y;OF06_I!9X_T6!_E.^9!]'I
M`YX/^;P+\IWS(+#_`$AL\M_S6!?E._B@MCTB,]_Z+`ORG?,@LO\`2,SV'6[+
M`;?\T[^*"GZ1N?/]'@/Y3OXH*7>D=GT1ZA%@.K_FG?Q08?TE.(?^@R]^4_YD
M'SZ2O$/_`$&7?RG?,@I/I+\0A_F,O?E.^9!1])CB(?\`,9=_)?\`,@HD])KB
M,T7%/ET__9?\R"Q])WB3TILN?DO^9!\^D]Q*_P#5LN?DO^9!2[TH.)+=_5LN
M?DO^9!3]*#B3_H,M_DO^9`^E#Q(_]7RW^2_YD%B7TIN)#/\`,Y:L>0[%_P`R
M"R?2IXF;:8,LD=?J7_,@/]*?B:W<0Y8(_P"9?\R"S]*SB=TI\L_DO^9!;=Z5
M_$]ALZGRQOU[%_S(/GTL.)W2GRO^2_YD%QGI6\3G#_)\M;<_J'_,@MGTL.)^
MX%'ESR/8/^9!2STKN*AU:J/+7E_)W_,@K;Z57%@_^@Y:</*GD^9!;E]*OBX+
M:,/RWSWO3R?,@J;Z4W&%W+#\LW_^7D^9!?9Z4/&`@WP_+=^G\GD^9`'I/<92
M?_)V6;?_`"\GS(+X])+C:[V:'*WQII/F05CTCN-Y_P#0LJ__`,:7YD%T>D1Q
MN/\`Z/E-OEZM+\R#+;Z0?&@C>+*?_P#&D^9!];Z0?&<DW9E(6_\`=I/F076>
MD#QB^T,I`?\`RTGS(*_I!<7;@7REO_[O)\R"M_I!\66_=.__`#$GS(,4^D?Q
M3;?5^JFW_N\GS(+S?20XEFUW97\_J'_,@^_2-XG/D:R+]5W7.Y[!_P`R#>,-
MXQ<3*@7J/U<%_9TP/_B@VVEXEY[DL9'8'8^$+_XH)!_$O-(NQKL)[4#D8W<_
MQ0:7+QKSS!4FGECP06_]D[^*"5@XQYMDYQX3^6[^*#9X.)>9*BADD9%A_K36
MZFMT&W]Z#9,N9[Q/%*5KJN.E;4#:5K1:R#:1C]6[=O8^6R"L8W6[W['\$&)6
M8[C'JTQHVTXG8TEA>TD(./#B[FNDQS]&8C!A@C[33J:P@V^)0==I,SU]3&UX
M9`-7(V09OZ<KP=Q#;W(,9V8<2%[-I_P*"T<R8H/LTWX%!!8UF_,=)3]M1-H+
MM]H/82@TG"^+&9JB=\-6S#!;V=+"/\4$O4<1LSQ%Q;'AQ8!<=P_Q05X?Q(S!
M4N:V9F'@NVV8?XH+=3Q'S-1U0BFCPXQNY$,/\4&S_KEB[H&21BC)?R[I_B@U
MS%>(.:J($Q1X<0/%COXH(2'BOFI[FA\>%[\^X?XH-LPKB!C-9<3BB#NFEI_B
M@V6/-.(O^S3[>109#<QX@>8I_P`$%YN/UQMM!^"#(;C5:>D/X(,YF)5+N8C0
M9#*V9W[GX(*W5<P/V4&++B-2SV1'^""(EQW$&7TB#\$$/+FS%F$AK:7;^:4&
M!-G3&V,>YK:.X'[I01+^(.8F\F4']0_Q01[^)>9ARCPW^H?XH+#N)^:!_F\,
M_J'^*#!GXKYMC;=L>%?EN_B@AYN,N=&7TQ8/MXQN_B@A)^.N>XRX-BP3;E]4
M[^*"'E](/B$QUA%@-O\`F7?Q01E1Z1W$:/V8<O?DO^9!"S^D]Q.COI@RU^0_
MYD$<[TJ.*0)'J^6/R'_,@Y@*UA%P24#UH\^T(05>O@-M<N/B@CY:X--@2;^*
M#';7G5_!!\=4&]P2@M25CV`G<@<T&&,3<00&.W0636.;S:]!4)I7;AC[(+@[
M5VVAZ`^.K9^SA+[\][(*_5<1D9<1:/B@I_1F*OY1G\4%;<&Q=Q%H^:#(;EO&
M'_9W\+H,L92Q3[6R"_\`J7B;P/K`-D%3>']<\#74LOX(+PX?U+00ZK9N@J;D
M(`%KZMOO07ADFFC80:IA/B@^-R50"Q?5M-NB#+;E3"FCVF%!D?H3"&=W7'YF
MR#Z:7`(R&]W4W8[(+NG`&L<2UM_<@^1U^`4XMV(=?R0'XE@SMVTO]B"T,4PY
MC[MI;^5D%+L=H67_`)'\4&&[,<!;W*0[(+;,PR_9I?[4!V-US[EM+8>]!C'$
M<2D?<1$7VTW0?.VQ@WLTCXH+,GZ9<WNC^U!CBGQMXW<1?IJ0678=C1W[:R"V
M</Q<C>I^*#$FP^N8"7U@L.:#6L0FJ(26,J"\^*#8\CT]35SF:HD(#'<O<@])
M4$['-`:_3IY(.IY9A[5AGF_9L9J+4$!C^-82W%&0POT3--NS`V/Q00N9J&.>
M."LAVZNMY(-<PZJ#G%GAS0;_`(+5"*9A)U^2#:&5;L,Q*&J#?Y+6$=H/W24'
M3(I6]SL^\QV]T$HUS?"Z#*8;W'(60<5XAX`72.Q.``.9WB@D^'^->MTKJ>8G
MM(-A^*#I7;6;;3<H+;HO-!CN;9!'U36V(<W6UXL4'%L;PM^&5GK3'=V1QL+(
M-GI7-KL/U#NEH00[?Y)-;F0>:"8K6#$Z,.!T/8/:07<M5O:ZJ.1QUQ<D$OB<
M0FAD9;<#F@YC5--/5VZ..Q03&'U/9O;8G8W0=.H:ILS`X;7&Z"58^[M/E=!G
M1'O-09[$&>R6WV4&=&_K;F@O7U;H+4D>IM]5K(("H9;4/[4&K5#;2/01<[;M
M>/$((*:'GWD$*^*_5!A/9S01U0W:R"`J8/:W0:O70>T;^:#5:J*SKW0:W5M0
M:]5P\^\@@I(^^[=!Z/DX'9GH:<3RT[>S/@?]Z"'?D2:'N3",.:.]N@M?JA3!
MMB]@]QV06#E>@8?K'Q'WE!]&`8+%?7)#ORW05_HK+X;N^/5_X\D%'J&7&@AQ
M8?\`Q[D%I]+EUHLSL_,@#^""WV>7![.@_`?P0765.78QI,8)Z=W_`'('K6!M
M]F/5YZ?]R"T<0PT;MA=;^C_N04G$82/JZ=[O]5!1^D9K6BI7ZNEVH*FU^(?9
MI#?H;(*'5..#]E3EIZW09!FQ]Y_9;H+;H<R'DQV_)!3^C<QR=YQ<UQYBZ#ZW
M!,P/OJF+?#?_`'H*G9<QD^W4G\?]Z#XW+==?OU1_'_>@^G*\VVNI=;KN@^_J
ML/\`UAP_UD%W]4H0;R56W])`=E["V.`=,/?=!E#`L%T$&5ECYH+9PG+\%AL^
MZ"HTV`-'=T?&R"DMR\P7?IL.=@/X(,9]5@`OV8:ZWD/X(,)N)X(T.[D(^`08
M+L:PB*2]HP/<@LR9GPII<06``["R#%?FO#S<A\8('*R#`FSG21_YQI)Y601T
MN>*=NK3+I(W.W1!@29\C$9_E++((V3/FJX;.=_!!%29SE.S9GGR""&JLP8I6
M.+6:]'@;H+D';O#7U)-R@[%DB!T5(21NYY(*#K&'$A^DWN2-T'H#"^SAP(LY
M2/AM?X(//N<\.E972UL&L2-=JUH-SRKB4.(T'JDQUR;BSD&O5.'5%'62-8`Q
MKCW3T03%'4.C>PZMV^"#?H)VU]#V#MWZ;P^10;9E6MF$+J2K?_*(CLT_N]$&
M]LE'+?WH,D2&[;?ZR#$Q*E%92RPO:'!S2+%!P*U5EO&'7#HHGN!L/#F@[M0U
M,=?31SPO%K;WYH)6XL@Q7L)=M9!COC%M+A=!J.8<*?643K,:71NV0<^P:>6E
MG=2SDM;[(:4$YB-&7,?.W38"_F@LX14M(,+B>=C?D@QZN)^$UIJ&$-;+?=J#
M>(K5--VX+2'L'OY(-%S#0N[LL8:+<T&M4\SFGGO=!T/`:OVXWN-[;(-TBV>-
M^B"3@OK9N@DV<D&0TH)%CAL@R`=D!SAI*"%J&\S^]R0:W5Q$7?MS01$K-B@B
M9HB;\D$*^G</W4$<^%Q)Y((V>$^2"'J82&N)L@U:NBOJY(-0JXR#TY(-7K`!
M^*"!JQL@@Y&=\\D'[$5=)#+!V;X=;7<V(/.&>LBSLJ):J@?,&26)8WI=!QZJ
MRM7!P'K,K;]$$?-E.78OK7'X_P"]!C'*D1-I*@W'G_O05#*E`-W57P_\%!].
M5<*/M5`08SLN8/$#:=A'7?\`WH++,*P,;%L2"X<.RZ"+B$'J@HD@P"(AK(X2
M$'U_ZOM`^K@OX(*/7<#9W8V0!WVD%)Q+"6\NP#D%DX]01<C3[<D%O]:J+]Z!
M!;?F^%KO:IT%I^=&_9,1MX%!B/SR.CH[^%P@PI,]R-/-GXH,*7/TCA;6P6YF
MZ"/FSV0">W:7?NW08S\_2V]O?IN@L#/-0[F_^U!:DSK5.YR$?%!B.S76OWN;
M=#=!A2YLQ!IL';(,8YIKY?ME!0,;KI21VKA;?F@LRXQ5M:29CMYH,(XY7.#F
MLN`1N;H,!U?5N9;M'7]Z"P[$7O%G2V=X((^2IF<X@.<6^*#&;/+KL]S@3S""
MW-VI(+0]X'O0&TM5,7F.&5Y<WV;%!2[":VX#Z9[/%A""['A$AL7=VW-!)0X/
M`TZC*TDH,R-L#/9#20@M&3M:AD1=IW`TH.^99I^QHX](N+G=!T;"HA)-&WJ"
M@]!4M(?T9&-&H:!_<@YYF?#&/IZAQ;O;D@Y1AU8<&Q!IU&)DA#77Y(.F8S_*
M:**J@8)'C[34&JTKQVMGNL?!!NN$3O9(S_1@[%!MU;*^GGI\4HSR`9,UO(@>
M*#HE%.:N**5EG-<+V'2Z"482'V/,#D@R]0<0UU@"@YWG[+YK(HJNEB+Y6"[]
M/@`@A,BXP7R/HYY@`SD"@Z[;:_1!07'PV\4%EVISKAMP@&!LC'->-+?!!QC,
M^&RT%<ZKA8X1!_M]$$G05#:ZA`+@YQ'+J@UZ8R4,V[>S#CL@GZV,8AAC7#OS
M#D!S06<NXFZ[J"I>&/&VAR"?KJ9L\+V6N0#I\T',ZNG=2SZ7-++[A!,X?.^.
M2X0=%HJCM&-.H&P03U/(.X>B"49(/$(,MJ#+:\>*"^''8"Q05D]S?GX(,*87
M`00M5&=)[NUT$+-%:^VW@@CY8_)!#R,'@@AI(W!SMMD$;4#<((FI9J8;"Z#5
M*R-V_=0:A71.#O9*#4JV-W[J"`JF=T[((9X[R#]B)'$[:2@US$M$T3HGM%NI
M0<ES#EV.H$AIW:':>[[T'G[&\/QS#'.:&RRM<XD'2?X(-$J<7Q*G>=<4NYMR
M*"*ES+5-!V=?PZH,"7,]66N;OR01C\<J7'3J?N@L_I6?V=;O>@QI,2J=7[1]
MD%EV(U3B6B1VR#`EQ"NO[;D%H5E:#?6[=`?5U+O;D-CX(,=TDAN>TDN@P]4]
MSWGH*'/F>&#6[N\]T'R3M;B02'PTH/ICD_I>=T'T-<`;W^"#%DA=+J`!N$&,
MZ@>TM?8H#J60[6=OY(*FX9)L0YQ02XHB?L2?@4'TT<W1K[#EL@LFAF/-C_P*
M#Y^CIA?3'(?@4%Z#"*EY<0UXVZ@H,@Y=JY-NS>Z_\T_P06/U:KA<=A)_5*"U
M^K-=_HG_`-4H,D9+Q"5UPRW^J4$I%P^GD:W47AQ&^SD$O2<,QL993N?`H-AC
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M@EA?V3=!=:T6V04R,NVWF@U?,.'MJJ*9CAN!JN@Y'AU4</K_`%1VS0_:^R#8
M\8IF3PQRCJ/\$$7@]:X2^KO!+6H+6*0G#\0CK67TD[_%!NU#-Z]21S@BY:@U
MC,=%W&3-#K];>2#5J6=S7GGL@WK!:PN<UOB.2#>HGV#!X\T$C&[D@E&N]R"Z
MUR#,8X6')!<O?S04N;MR01]1'=IV*"&GB[K[`\MD$1(TVW!01<D7D4$1/'N[
M8H(2=OO01DK=B@UJJ;WGH-2Q!F_(\D&GUK-^10:Y5LY[%!"OB.H[%!^P;S9J
M#4L0=^U]Z#5I6M=(+\T$16TT;SV;PUP/B@UNJROADQ?KAC.OP0:C6<-L'F<^
M1K6-<4&JS<**61_U19Y(("MX2/:ZPD;Y;H(5W";$6=T.8[X_[D&!+PPQ`$CN
M;>:#"/#'$@;W9^*"V>&^(W`.C\4%7_!GB-N;=_-!;_X-*X.NXL`\;H,UG"^K
MTVU,W\T%UO"JJM[;/Q04MX62Z>4?XH+3N&);ST7;S0(N')=R+$&;_P`&Y;L=
M&^Z"ZSAS&TZCI09<7#RG<Z[PW3U09HX>4$>YT>:"K]1L.C[P#=T%W]5,*;RM
MI06GX'@<=QI]GGL@L'#<$%AV=[>2"2H\+P5Q-HAL@SH\(PDW[.(7ZH,@4&'0
M]YL8U!!8DCI-+G=G'WAX((PP4G^A:@QC4TP?W8AI08,U>W6X,U``[!!@25KS
MM=R"'JJ^3:U[#F@C*BO/9;W0<JQJI?+5O',>"#6YIR`0QN]D$6*F0-=J)04N
M+X^]IMK\4$C@I>_%*4$]1_>@]/4+`RG:4&]909KQ*.W1!ZJI0)*,>(8$&O8O
M3=I%)'?F$'*L9PWN&W0%!Q.JG?@=>*MKNZ_NH.NLE9C&#-,8U.T`ZC[D&NPL
M[&0L.Y9L4&RX=4&,M(Z%!MU0QU13-KH76FI2/B#S0=,P2K;6T4$P)OI[[?-!
M-.YA!=8@TW/.`-Q&@:YENTC(*#GN2L3=25HP^1Y+2=(']B#N#6W8#?H@^1BP
M^*"X.806:B/M6NC\4'$LZX*::K&(,M8;H+N!5PKZ4PO!NQ!#5H-!4N>UR#8Y
M-&)84X'VPVZ".RU6&BE?02$DM=;9!M]9!ZQ"XH.9U4'82O\`YQ09^&S%DH(\
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M*EPB![&ZF`@\[H(C%LH>L,+J1Q%K[`H.%8S!BF&32Q3E[6AQ`W0:;+7RA[]<
MO+S01D-9)-/M*XM]Z#=,.GT\G.YH-A]8EL--QXH*S,]S"TDW*#`=,YM[E!'5
M#W.M9SOQ01)G=R)L@Q9)=)M?F@P:B5S#=I)\4&*^<$`$\^:".KVGL'.!L@Y7
MB`>ZJ)U;;H(N<=T=/$H(]SHXM[->@^`NYN<#X`H);`RYV*4[MO:']Z#TK3NU
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MWZH(+#)S#*(G'N\B@8Q`Z"IBQ"GV;<%Y"#;L/JQ64K2UUR.:"$QBD!#7-`W.
MZ#5F'LGD\D&WX56;1@.YE!N\$MV#S*"4C>@RFD^)09T1.EON09T7)!(,Y(*[
M:MD&(]N_)!$53!<;!!K]4P#D!S00$S=W((.L9[)00LS=B@U^ICN7@;(->J(K
MN`\2@UVNHS?8"_4(-5JX-N2")?&`;60?IA4UHY$Z4&JU\PU.M8EWVD$%,_1R
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M6^Z#%EW/)!$5%VEI;L@C,3J'BED[YY;(.<R=]SGG<^*##E9<'P01;B-!`?R\
MD!T3;<N]XH)C+XOB$``[X<+_`(H/1M(+M;=W(<D'3>'(UXM/JWT_P0>J(ZXQ
MQQAM@W2+H*'8A&_9SA<H-7Q2F;,[4!<60<EQVA:X.[A._@@XKBD$V&8@*N`%
MFF0=[R0=:P:OBQS"6,DTOEC98#P*"(?%+1/='(#=VX)03F'U(:0'.N@Z%,3B
M.'$QV?64C.TICUN$&ZY1Q8XAA3.W+15TW<GCZ]4&U:B>NP07F$'R0:UF[!F8
MMA52TQ:G,;=J#C66<3GR_C(PZ<F*(R:"#MU0=ZTQG287!S7C5<>:#)9L$%=[
M?%!C/;OJL$')<ZX'=S:RGBL7;OMY!!@X%7LK*?U2=P=IY!!%U\!IIG/B;I`*
M"4INRQ'#S#(`Y^GKXH(_!ZI^'SOII'683<`^90;95Q131BS!<[H-$K:<,>[N
M[70544YB?'8VTE!T##JW7&`3<H-AA>;\^B"2B))02,7LM]R"0A]E!F1D[H,E
MJ#X6!QY((BJBWY<B@UVMBL-AU00<L8W[HOU0053&".2#7*@>'B@B)HQWMMT$
M5+3MN3HW'(H(&KCO?9!J%;"!>S4$!+$W6>Z@][8A4.-P?%!#/J218V/F@CIG
MZCYH(FL,EV<KH,![WMU7)-_%!8:X6N.:`+[V0.T<S?40$&,^H?[(M9!;$[KV
MLU!;=(-5R-T'WUC2-D%#IC*+$!!9,!YA!(4X<"-^J#::(NTH-EH7VWZV03$M
M464LTK@+1QH/`/&#-,V(8[)(#9L+0VP\KH.+X875$W:/ON[9!WK*$8#XWF]]
M(_O0=]P@M=V)-[H.DT@$@;?9!<Q_$#AV`5$TI;W&/T7]R#\R,RU<E?BN(/>[
M9T[_`.]!B4EHVM`_M0=!P0ZFM:/$W0=#H6-+'<]MD$G%3C4-W>:"]41CLR`@
MB]#AX(+9L@BW[.)*#'?8F^_D@PIG=[X((Z=H<!_8@U+&Y2R)S-K.-B@TIIN2
M.B`39!C!H<3;5N@I?"VVLNL@S\M`?I5KAOWMOQ0=_IK]FUXY\K(.I\-0\XQ*
M-MQO^"#T+5ROC8U@MW>J"-JZKL8@=BX[W095/.*F(%P&KP0:[BE&'\V_@@XU
MFK#FRPS#D=[60:;E3&),&Q-M$]NJ%[[!Q]Z#K^+TOKD+*V(<A8@>`0:U3OU7
M/4=$'1\$J#'+$21:UD&;Z])E['(ZEEG4&)/O-?I=!V6F`EB;(T@M?NTH,OLF
M^:"J1NN(Q'V3S0<'XB9?DI*L8O3:M`.L_"R#:,BYA.)TCH7ANN([?B@Z$";[
M`VZH+EKH*'MV(*"'Q"D950%C[[@@?$(.$^KR8+BDWM:.ET&TU,;*RD,S?W4$
M!0ROIJAS#[)*"_C$#+Q5=/K)',>Y!L.'5;:JG#3[;!N@CL3HVEKG]ZY*#6"S
MLWV0;'A<VC\4&^4\FL7.R";A/+W()2'DU!(Q#NH,J+J@R>B"L$CE;9!B5#`;
M7Z\T$%60M/CS0:W4,#7%!`SQ]TH-=J(1J(WL@C98!OS01LL(WYH("K@%[;[H
M-4KX``>?-!K4D`+SS0>W<1FC._(WO9!`/D;N4%B[7;WTW069(P[2=:"&Q`",
M[&^I!#=KV:"^VJ;X<T&.^?64%D.[Z"L,.[KV\D%/O0?#:R"EATWZ^:"X)-QU
M\D&=";N:>6Z#:*-XL@FHW:&CK<(+6-UCZ;!:VH=[#8B-*#\T<Y5AJ\7G<UYT
M.*#$P8$N8.@/-!Z#RFT78;\F#9!V_"(RYL1'/P0="HG.`Y<D&C\9L3%+E01M
M)!E![P^"#\[,2F<ZM=H'[1Y/-!(TUW%HY(.@X(#I;_-)N@Z)22!C>5[H)R.4
M.:=M-A=!@R57>++?ZR#%?,'>5D$=*]U]D&/V@/=.Y08[M5S8>Y!ARQF^YL@P
M9!IMOJ\4&B9@E!>8^K7(-8V9[R@I):[EN@LW:+D.?;J;H++Y&7TR"[4$EEPL
M_2@T>SKV"#O%,XZ`.@0=AX9LMBDCM73E\$'=ZGZV;L@>8U$H(C%Z5\,,<[G6
MC`[S$%>"U#3(!:X03E;3:^\WJ@YIC>#-+9MQO=!PO'\&EBJS/&X#L':OP0=0
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M0@VNF(DMO9!,Q#2`+WL@S626%K(,N%]R=D&6#L@N#?=!;D`?;H@BJJ'F+\B@
MUFIANYWD@@Y(KBU^:"&J:7KJYE!$S4^D$W^""+EBWM=!!U<'F@U:NI[APN@U
M>:#3(1=!ZOQ#6'.WV!00VIW.^R#`EJ9`\Z38=$%KUJ8D;\CR06*DOE/38H(F
M1CAS04V&E!0PM&Y0&O:77!0?99O"^R"V);_Q0.T""W=W3XH,J,`B_5!)0%O=
M/2Z#9*.2$C:Z"?C#1HU<D&N<19Q2Y4Q%T3M-X]O[4'YEXW4WG+W7N>H03F"F
M_8V\KH/0.5W-C,7B6BZ#MF%3$=EI0=`H'%Q`/5!Q'TA:GL<'H8&NMJO?\0@\
M*5#F25HT.-VNZH-@H/VC;H.D8..YMT*#<Z5X-D$B)K.<!?D@LFY=?H@M2CP0
M8EQN3T06^YI)^V@PW5#&N(-]D&'-4,<3N4$8Z0=X@[#VD'.L8D$E3+IO>Z"&
MW=8NYA!][K1=OQ06'OB'CIYN08$I`[[;D'E=!.9<?;$(;#O.WO\`%!W*!\C1
MWK7\D';N%L4DF(3OM=K&?X(.XL,3J^,:KZ#N$&H<3'8@:-YH;M$30[PV'-!&
M9-Q-E30Q33.[P-MN=T'88&-EB#MG`H-?Q6C;*9`UHMX%!R7,."%QD.AH!OJ_
M!!RBC[;`<39(U^F)[KOMOL@['6,;C6%B:,L<YG[._-!J-'+/3REDVENC9!OV
M#UXB?#(7;^(\T&=C;ZNBGIL<PSNOU-;6VZL'-!V*@J6U=-3312L>V9NK9!FF
M)UBZZ"_`!8Z_9<$')N)&63501U]%"TSP^VX>`"#'X>8ZZ9KZ&KE^MC`#`4'6
M+.9</+=^5D%/6Z"V1<6016(4C9(=#@T[[(.05]#)0UCY``W<[A!G,=ZS2@GO
M.:WO((J-SZ6?G]6?!!D5+1(!)'S&Y02-%5-F:(KG4T=4&+74SK/.V_)!K^['
M6ZH)_#:AS;C5T0=`H9V]PWZ(-ABF#@+709T;M009T7=N3U09H*"^S>P0?3$[
MGML@P*D:B;=4$!/`Z[N2"!EA+3R&Z",GA+@+6V00]3"0UW)!`2MMS00U0W5R
M0:]6Q>UMS0:U-3.,AV:@].U8$CG6W\$$!4-[([((>5P<ZX08^H`[FUT'TR`=
M;H,65[7M.X089/3QYH/FAGB@^]R-G=;=W@@P7R"YZ$]$%HO=R`05^SN2@J$U
MKWM;Q09<#VFS@1N@RX7GM+?9\4&PT`+KV\4&U,.S?+F@YYQ;JG09.K]3@TO`
M#?/F@_-K%)W&5D;N9L@VS!G-#X-]]KH.^8!J`A/\T60=HP5W<B+D'2\/O8/'
M+H4'G+TC*DB+#([CD21\0@\4@M?7$M=<@\D&VTG)O[]^2#HV$/+8P+<[H-OH
MN][7,=$$GI`-Q^*#XZX!L@H<[NGW;((MUPTWZH+4FQV.R"*F#M3B!<7V08;F
MN-S8A!$U$HBCD!=8E!S^I>7U$Q&Z#$!\18>*"R_7X;(,"SG"=HW""W?4#J_S
M0LSS03&77N_2=-ML.7XH.[QEP/>%CML@[WPBFO65VONMT;'_`%4'8*5@_2!?
M;VC:_CN@V',>%1U^#U$?9WF?"0VW/D4'GK+M+584:VDE:\:"7Q@^"#NN5JKU
MRB<2YKG-%R@V&>EA?J<?#9!HF.4#).U;HY`H.%YCP<-=>.-VJR#)R9C`9,<.
MK'M:/LAWD@SLQT#Z>9U3$'=D7;$<D&)A=<XF.[KV/LH.I8;,RMII*><@MD:6
MZ??L@D\E5\F'UE5@E8=.G>CU^'D@ZV8^0_>""Y'#L/!!7+1Q55/)`]H<R0$;
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MY_!!`(,*<V(08@E/>""ZWO-06GM]Z"SI0'#S"#&<P:D!P#7-/,-YH+#W7N?$
MH+![XM?WH,J&;21&@E::[OB@V7#G]F2+$H-J;WN2#B?'&K=%EF:(?S=OQ0?G
MMB)UU3'7Y:=D&\82P!]-O[5D'H#+_>;#Y,"#L6$7,<;4'4</VI0-[H/)'I%U
M3S5T#/!KK?UD'DBA<\UK[V]Z#=J)EY&EIWON@Z3A;3I;J0;=2BS7%!FAW=!0
M?"XV*"T91V=N9*".F=L@MG=!CO`:@L/<PLY`(-'QZ3LVBQW<@TJ0BYOX<T%H
M&0BS;(,><O'/F@CX@076OK:;NOU0?-];QV?-!/9?:XXA3Z;-+3R/O0=TIRZ2
M0=I8.L@[KPI8/6*VQY-_P0=FP_\`RYH/+5_B@V^NJBV)P:-6EMOQ0<5Q4&GQ
M5MF@=N`W\4&9PZQ)[J_$:%^H.AF(^"#O+:9I98_B@U;%J+3(^UG-*#EF.X;V
MCM5NB#BF+1R8751U+0>9U;(.JTI9CN!!QTCZO;KO9!HHA=2U$D(#@8G<SL@V
M[#:]X<T#:Q&Z#8<RXAZIA<&.L&BJI9`UH&VH$H.Q9=Q88QA%)7,L'R1-+A?K
M8(-AA<0P.=S(W""ZV4&S77#;H-$XAY8CQ;"6S1FTE,=0MN?[$'-L@X_/35AP
MJ4'20;:MK$;(.X!VIN_@@LE!0XAOF@A<0A80^^]T'-\8I>QJ&2LV!WL@Q>T,
MX%][;(,73I=[D%]]BV_@@DJ%^N(@['P06*R*^]CR0:X_NE!.X;56<U!ON'S%
MS(G>*#9V/Y()&%W-!EAW@@R&NN`@R&(,A[>Z@P)(P3X%!'3L&E!J]7%SM?F4
M$),SVD&NU;/Z2")</[$$35L!N@U^:,]H;(.[R,=I\$&O5<<NMU^1&R""#;FR
M#$G""/<+70&S]F+CH@LNJ'.<.:"J^I!B.[J"T-3B@2:QLWXH+#I0-M[]4%AA
ML7.09L;-9#T$W3F[/<@V##7/[R#:J/V0@\^<>I-.&Z?)O^*#P/7'^5-/[I"#
MH&"B[H'>Y!W?`9`TQW_="#NN"N&B!P\$'2Z-UX@@\7^D1(78S0C^:_\`VD'F
M##BWUI[7(-PHFGM&N9[(Y(.AX3->.,#EJ*#<6$Z19!7J<$%W47#24%EQL;(+
M!]I!2[J@P)G&Y01SR?:*#0\9F[60!O,7_O0:YJYLZC<H`+-)VN?)!9+>T!LX
M>=^B#"=LYY(+M`]L(*-#W=]CF#_V?5!.82ZU52:A9^KD@[%3R'4W5S0=XX12
M?R[$1_-_P0=FPZ0?I*I!0;.^71AM94N-F#F@Y#F<.FEH*UKR&QO!_!!K.7<>
M90YZJ*8Z@*R/M&D>("#U]ACO6J-CSR<`@MU5'&[5&=Q;9!SO%L/TO++`H.0Y
MDP4U#=%AS0:?ENIDPW$?T<Z0]GJLUOF@W#,U$^5@Q"$:=+>]YH(7!:6KKI&1
M1D?6O`*#JN>LA5T^5HVPS-[6(MN+^:#2.$F8W4>(,P2N>Y^EV@6WW%Q_@@]1
M=FU_>9[#MVH*FQVV07NP$S2T\NJ#SCG'`Y<"QW]*PN`A=)?;QN@ZAEC$VXIA
M<<MW%S``ZZ"<*"PY!ARC4@UK&:(2Q./6Q0:$SZEY83O=!]G&P*"F!PO;R09<
M9+98R/%!+..MG=Y]4&JU\>WQ08U(\->`@WS"*O9C-]D&X4\FM]]T$VQR#+B=
M<_!!G-]D(,AJ#.08IW)01U4S3;W((.H9<%!KTS+2.00=4WO'=!KU0U!"RM01
MTD9U%!V"4FW,H(FLY'W(-=<WJ@Q)1>R#$>PD&PN@BWV#RPGX(*-&X-^2#ZTF
MYW06G@D:4!NW])!0YX[73=!CB.[GG^<@K('*P07F<Q[D&?3AS>IW0;%1.?T0
M;G0.^JO]JR#S7Z0S_P"1@>3/\4'A.7O3,O<[H.BX,=+X1[K(.\9<((B)`/="
M#MV"&[(BWIR0=+I"X,9X=4'A?CY,9,=`UDZ==OZR#SYAS@:G?=!O%(^UO(H-
MPPZ1!N<#B]E@4&9>PL@KC<@PII-$H'B4%TR"R#`?+W^904DW!=J"#7\5KV1M
ML'"]D'.ZN8RNOU"#`^T//F@^%S@[HT#D4%'=:UW5SMP@PB7#]I]6WR05/#2'
M$<[<T&?A!/K5'J-K'KU0=B@J6BWOWN@[UPAJF'%:V/:[H_\`NH.VQ4NFLEFC
M=NZZ#8HZ26LPFIA)W>UUF_`H.-5<<L=`^&6YDB>1ON@Y?GC5@>+X!F.#ZN(M
M["H?[S9![$X>XI^D</@O+K:^!KV'X70='G:SLM1`N!S0:=74PJ+ON.5D&BXK
MA)EB<0SV3S0<)S-A$U+*:V!NB2)]]00;CE'$HL5PP4=8YLCCW'@\^:#O^6,L
MX704[2RF@+W;AQW*#<I((WQECV!S/!VX0>+<_P"`U.3LX#%Z%KHJ&>;6YPY`
MDGP]Z#T9D/,4.-X+2/,S'S.:-80;LYI:X^""ICK\]K(-4S=@HQC"*J%K`Z6V
MIAZW"#BN5\1GP#$GX95.+6%^G2@[7V@G9'+&>Z4%;D%O2/!!'UD5VOV&X0<Z
MQFD=$!*QH\[((YDG:QM;8:AS067#LWH+I)<-0Z(,Z@?</#B@LUD8<!L.:#6I
M6ECR1L@E,-J^S?&-1VYH.BX?5A[=8.W)!M<<@<`@S8#WO@@SV'D$&6U!FM0+
M#P08U0T&VPY((>>,%I%AL@U>MCMJ.W-!!RLY[(-;JF;E!%/;SY((N1G?.R#I
M]6[0WNH-9JJB=QL-6E!C#<;\T&!+?:R#!,SFWWYH(V9HOVMKN0?&GEL@N!C=
MR!9!8&\B!.WL@7CF@CVDE[)#O?F@R;M:\CH[>R`>SO?2$%V,`N:0.Z@DH@+M
M]Z#8*2PN@VBF[L>MKK?S4'F+T@I7206U;:6;?`H/#KI)&RM+;<T'0,*F/U;C
MW3L@[OEJ4]P7N-`0=PP24B./3L@Z=ATADC&HW0>#N.;G?IY^_+7;^L@X#0O(
MEU#8H-QH7S.(\#N@W7"R[NWZE!O6'.O<./79!(.]L]6H*2XM%V[%!@3R->;N
ML7#J@QQ.?MN[IZ((Z>K[]VV`084N(:6N&H!!IN)59FGTA]VV"""G<Z]F&R#"
M[<WT2;'H]!][82#LW.O;H@^.=<=T[@6"#&J'NT-CU;^*"C6;6ML>909E$975
M4%C9L9&G\4'8(;.:'&VH!!V'A3/)'B\G9NW<+'\$'HREEF.(2-<?JPV]D&X4
MM8VCHS.3>-C7%_EL@YI6BBKW2RP`&*5I>W^D$'*.)U%'/D5TLNTU),US#\4&
M_<!\W"JPVA:Z1CG1L;$YE][6L@]:7%13=P_M6[%!`LH)`"'`N-^J"-KJ5QB+
M6LMT<@Y5F/`S/!,QT1L>6W5!Q2BEGRUC\,3M3:=\PU-.PYH/9V5*EE91-F#F
MO#1:X*#;+AVR#F/$C*=+F/`JN,1=I4QM,D1'E9!YXR#CM7EK'C@=0.Q9%,&:
M'[=4'KIDPEC8]KPX/%[H*>1WW""Z-+K@^R1R0<,SY@/J>(G%*:G-_P!H=/O0
M;-E3%&XC1:'2-;)%TON@V?F@^H,2=I?J'-!K&(41EC<RVW1!HFAU/,6EED%<
MK&O&KF$%##IVZ>"#Z"Z+=ATWYH,[:8<KH(.NAL'$"Q01D#BR07.]T&\X15AK
M7,+MKWL@W:EJKCVD$]"[8%!G1/.IN_5!(M*"^U[M^\4&8!L$&/..5D$5*#O=
M!K=<V[9-MT&NRWL4$)/%OR00DK;'^]!@21C5R0=`J&ZAY((LQC5;9!%U(T5#
MF=+((R2Q!\D$6]HN;?%!CEESS07!&-K(*7AK38DH,5O<)<$'RK)++^(W084)
MV\KH*^Q&[R38(+98#N";%!EL.AH`_M02,-W`<N:">I6'3S0;%'=K-)*#S'Q_
M'U0=O[+/[B@\1.;VDX=<C?D@WS#@=+3?V;(.[Y:[D44@W):-2#MV!2%[6#:U
MD'3L+)$=ST0>%N-_UF.R$>+_`/;0<*H8QZZ&=$&ZT]/V=W!QV0;'ALS06^10
M;?!-\`@E&SDMMML@I,YY6""/?K.H[6"#%+KBQV01E0-&K<;(-6KJD%SF`[]2
M@UQTA#P!8VYW08E4YX[^H#=!C/<6\[.!_%!;=+JL0`+(/FHQAKF[GF6H*Y0P
M.86OU:]W>2"[LUKXR6AH&QZH,JAC8YT3A([4U!TFCFD[)H=S/.Z#L'"R9WZ=
M[._M-_P0>E8)S#BTC#OW-D&S:A)1R,=LR39P01C,$B[$]AKM8@H.`\8^UI\I
M&*+I4-:Z_O0<UX'8^[#<:%*_]@ZP9<]=T'Z199KV5V%TQOWXV@%!L09:[C]I
M!1)3,>TW'-!KN)X3%+$X[W"#S7Q'P)G\IJ&:A)"W4TCR0=!X-XV^MP?0\B\3
MRTCXH.[:M!);N@P#4`ZH;#2ZX-T'EKB_EJ;#,8.9:*[6$B20-!Z6\$'1N'&;
MX\;PD12N';P&P-QRN@ZE&3*#?8(,@'0=/1!%XU21XA23LD'>,9#?P0<'PN23
M`L6FA??0]XM?WH.TMD9)$V5IOKW""I!\TC?S08%53A_*^R#0L:I=`[:UBTH(
M2+LWQW-]?@@LN;:YWN$%PG4T!!=II-)+3SZ(*:R(.:X[[\T&J3GL976Z%!)4
M%:X.OM>Z#H=!4AS>Z>7-!N%-*7-:+"UD$M#[3#X())K_`!09+2@O=L[R0"XO
M%ST01\_(H-?J&:BYI00-3$&.VON@BY86GQ004T#=^:"$DV>X>!L$&WOJ;,(L
M;A!$U,S@W6TH(CUK6\N>#<(,&:</OIV\4$6Z?0=^J#YVMT%V,D#VKH*9#J-[
M(+._@@IE.IA8=MN:"/C>UHL3U0?3-<[>SU""WVC@2>G@@J!+_MV/0()RDN&-
M[U]T&STGL\T$G3.<]UR=D'G;C\W7`&WMW&;_``*#PY(PQ3#O?:0;IADEVM;U
M-C=!V[+$]A'$;NTL!)0=UP%X:(W<FVY(.LX>`ZGU`\@@\&<:IO\`CJ4@=7_[
M:#A-%(16-=XH-Y9,=+18Z3O=!G0OO(W04&Y4<O=(*"2CJ`=MQX(*W2AG>+K^
M2#`DJ=#K;D=4%F6>.U[E!J^)8DUNL-U.*#4ZB=[WDZ2+H,!KG.:[?O(/O=='
MI>_5O<(+4AC+FEO(>T/)!1(T.[[.ZT=$%'9N(U!_/8#P06`VP('^MYH,R&/4
MZP'LMN24&;32MNV[;"_=L@Z!1R6B9S<@ZIPWJ#^L,(8W<CG\$'J",_\`'1OW
MNX-T&P5<ABI+MWN@VS`^[2M[1FK6@X-QCP*LQ#!JFDHHA)(^0/:/B@\:X'/4
M81BT#':A-1SCMQR.Q0?HKPKS-!78?05(UB.5K06G]Y!Z%;N+WN.B"I!8GC$D
M3VVZ;(.*9UP[6*ECF`ZV'?X(.><,JJ/`ZZNH9;D.?K!^-T'I^GJH:F(2Q[M=
MO=!BOTM:X_:=R*"!Q_#(L7P2MI9PU[I(G-9J'D4'D#!I*O).9#2RN=V4CP0U
MIML2@]A8;6MJJ6&9A.EXN"@D-9O?F@N`ZW`'D@Y3G;`Y)7-JZ<M:6W<[X!!\
MRMC(J8.P=JUMV0;Z/90?1N@JVL>J#7\3I!/$YNR#F,T+J:J<TNNT(+DHU,+Q
MX<D&%'-8Z2+>""](>1&UD&67B1EN1L$$#6T]RYUQXH(1KRR4#H@WK!JD:G`G
MF$'1J.=MFCR03L+_`&4&>V1!FL=Y^]!<OYH*@^P(06)-P?-!%S0^T^_P00M1
M3EU]QR01$L6G:Z""J8]-]T&ORQ'6XW&^Z#+GJ`7.#21?Q08,M0TM(N@C!)WG
M<M/1!@ROWV08C@)+^+>2#"?(8WV/)!=%2T-L"=1Y(+C'O(W04%[@@QW2EVN_
M*VP08?(D(*+N8;W[I05MD:[R]Z"L!S7A]QH\.J"7IJEE@-[W0;11U#--KH):
MCF;JMOI0>?>/<K#"`+@Z66OX6*#P]6$/D:6&UCO=!L6$5&]N@YE!VO*E4'Z6
MG[#1O\4'?,`D;-&P`[;\T'6:"9C*5XOR:4'@CC+*TXS*+]7_`.T@XK2$"1A*
M#=87@T[03J/0(+HJ6,<#&"/$(-GPVM#]=RZ]T$N]SF,#M0W]FR`R?7W9'&Z#
M"K)FL<ZSM[;((F:OLP=]OG9!J554R/+G-YA!@MJ)+]"'#O#J@L.U,OV;7"_B
M@K:'-;L-5^B"F]KZAL=C9!02/L[LZH/CRYKFD!PC/1!07,%_#Q\$&07M=H!)
M:U@W(07:6<!PC`U-OL?)!OE+*WL@6WL$'2>'E3HS#2N%]S9!ZBCJFLS`V&9Q
M`<T?B@V.NEC;2$M<2VZ#<,"KA)3P\S8\D$;F2H--*^H;$Q^V[2$'#,_<,:+'
M<+;F++T+&XY+WYXKZ6GX608_#*KKL$#L!Q5KZ2OB<#"QWLFQZ%![*RWCL&)4
M;&F7^4QDME:1;D@VD&]_)!]0:+FFE[4/<&M]@WN@\\NBEP_,8[C6QU3.S;;Q
M<@V7A/G-]5C./Y4Q.H<*NBE<:5A'V>?-!W]T+F,UFSRU!A/?KYVWYA!POBQE
M)]9`S&,.IQV],#K(VV`01W"K-KZH/PNLJ/K(A]6SPVWN@[O#</==UT&4#<BQ
MW*"U/31SQNCD;J+@1^*#A<]/-@.+27'9Q$G1IW0=8H:AE13LF8[4"T7_``09
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M-V3&N'4H%-6M<`"\:C?9!G1U+F.%_%!N-#/$^.^W1!-4DK89`7.&D\B@X#QY
MGCD#`Q[3]6S^XH/%,X9K-G;()G"`/K#?J@ZCE:H='-8'F!J'Q0=^RY4N&@WV
MWL@ZQ05FJ&Q>-]B@\.\7B)<5J'!VHZG@?UD'':8EKV:]K<T&Y02`PL(<"+<T
M%RPTA]T$E05+@3;QW*#8C4!S6]\>Y!:=61LWUM)'1!#U^(MD&VG5U0:ZZJO[
M32&C:Z"T[NMWZ\P@Q7M)<"QW=/4(*3W6ZFS:O$(+9J"!W'#5;F@^EX:T-UAV
MOVCY^""C4P;!P\VH+FHFX>[4`-CX(+.J.-I#2T,=[5^J#Z)`=4CAK:?L!`BE
M[%^IK=+'>R#T\D&\X?(^2GV/P0;YDJJ--C=,]S[6=M=!ZGJY=6+4E0!JUL;8
M_!!+UE1*RDE<3W6"^E!M.5,4[:*!X#2UW,A!)9AGC>V5KG`WY(+>'Z8Q34[7
MM(<T;>]!!Y\P:D@PS].4\>C$:2SA4#P09V4L8JWX92XU2-#V$Z)M/*[>:#NV
M$8W38E$7A\;)!;6R_5!.:A;F$$#B\;)&/U<K;H//F:HXX<4H91W7-E9I*#@.
M=\7J>'W$^FQRCO%Z]'>5QV:Z]_!![>RYFIF/8/08E"89(ZJ(%SF&XN0$$IJU
M`%PTD=$&%7!E3'ZNZ/M(YVZ'GH$'DG%<.GR/F=]73ES:>K>=+CLU!Z6R_BS,
M2P^GG;+&^5S1J#3Y(-G8_26EQ'D@S&R,=S(OT0:)G7"6U5*)X8G&9CK6'-!K
M>4L2D!-'4.T.&VEW-!T$$`>Y!6#^""L]X60:_B%-<2$MV/-!S?$H?5JC5;2$
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MN`@[-EZM+C$SQ!W0=6H*CL8K&YOR0>/.);^TQ*<_^T?_`+10<E#N\@V2!S>P
MB'>-QO9!)7T-!W(\$'R&71JY[E!FBK[I!)&W-!#SUI[0C>R"P9=5SO?H@^NE
M:^&WVKH+<LH<U@/MG\$%E\I`=$Y_LF^R"ISV!H8T@MM?5YE!@O8-]!Y\T%#7
MD:1N2TH+CI'N:[4`T7'O0':6FX).R#YJ:YJ"DD@W`[G[Z#)C!E8`T\]]10;3
M@[P(0X$@M)U`H-RP"5OZ5IGMZO%T'L.4AHPF4CVFL%S[@@DL18/5<083L8"Y
MOX%!K>0<6=+#'&PEQ;);;?J@[!54OK.OMM6P08="?Y?=GLQ=T#W(/G$>?3D_
M$'7&IT?^"#6^&,A;E*EB>;ZYG&WQ0=2B:VGT:9>R+N6^D(-I_2%5!3-D#FR`
M>=]D%J'%_7I&P/;H<[9!SG/-!&TP2WOH.H?`(/,'I+4MH\JUX/[>&SC^*#;/
M1TS\2&Y7JW!VD#L7.>/#I=![-8&N8'7%G"]D%`8P>.KH@Y9Q*RHW'<(U,^KJ
M*1VMK@-R+^2#FO#C&YJ*J;A%023<C<VY;=4'H:*Q$3KD[W"#.8XH*Y6-J6F-
MXV.Z#D6-43L$Q=M3'JT%U_`;H-VPVN%92LEVNX=$$NTZAR(05A!C5#-;7@\K
M(-'QN@#H9I/M-9L@TFF?:\9Z%!:JV:>]N@^,.IJ#+@?I[O+P07IXP6>*#5:J
M$@]1N@S,.F=%,TWZ60=(PNK+HXQX[(-G9+=H_M09+9$$G&[8()&(W!09[4%_
M8M067LN$$'517MS0:_7-_O0:],SOE!S_`!&34TB_?N@U.JD=N+H,2-_U0)\T
M%IU4&D`\D%F2H(%P38\D&%)4D@@W06'/[I?X"Z#';B#M!;WD&"RMWD;N@I=-
MJYW08,KN\3TZ(,<2/:[O>R>2"AU0YCK].B#Z^L-M1Y!!(4E6967%P@V_#9AH
M[R#<L.KFZ@$'FGC+B0GQV2,$@11-!O[D'F6<-#G:>1W09-`XM=J\"@V>.=[7
ML</B@Z[E?$;/IG;W`.Z#M#\2MA[YQ?NL)0>/\V5GKU74.OR>[^]!SI!M.%R:
M6QV.K9!-NO)[.Q',(,24@D6=;3S06'2@`W=>R"E]GM#ASL@PC)L?YJ##=);=
M!>,K=""T#'L1O^^$'WO'F-#>A\D'QS@UMA\2@I9^\+_!`>Z-SKG4#YH+KV`-
MV[H*#&C(8Z\?U@^TU!DD@L:;L!^TU!G1/#6M)C&@C9R":PUP+'%QU.OS\D&T
M8+(V/$*0OY=J$'M3%#VV#X5/%M&!'_LA!F:=<M/2N_\`3(M/XA!/9-R-'E]D
M\C7->9Y-6WO0;E7R.8)3^Z@A<*F@+I">Z]!S[BGCC8L.;A;2=54X`'IT03>4
MJ;U/#:"(VYZC\4$]G7#JW%\+B@H*HTM1$[4T^(!0964\NYE]6A9-7NG<UO>N
M?]R";G=+A]:UE1^UC=[2"G,]/ZY31RZ^3"?[$'E[T@R*C)^7*B_^25#8_P`7
M(/,>4<9?@>.TF(0O=>&4/V\$'ZF<,<STN;<MT&(!SC,8P)+^/_@(.A68Y[O+
M9!CS0ME:YA%V]4'E;.^$39>S"<5IK1Q&6[K<]R@[+E#'8L6PJFDU.,E@$&YM
MD09+7(->S3A_KU%):VIH0:-EVJ]1F]1>?8=;9!TADO:6<@NDWL@H<+A!!8A&
M':F_O"R#G&)49IY0YOB@MGOM\D$;[+T%QVYN@RX7ZV;>-D&)7TY+04&N1O=%
M.;G9!N.%UFT0WW/)!T"DFO&@E-?L()>/D$$A![)]Z"0'-!>')`.X08<C;$H-
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M$#4>103<SB'-WL1SL@P9)HW:@3:W)!8;=S7Z?:`VN$'RSFQZM7O083@0=-[:
MT%3F-#=^\@H);:P`U>""UWFR"X`#AN@^NOJ[KBX>""II%_K&V\$%%RR^H_T6
MA!\!#O;.W@@$WY%Q0?`_3W;;MW-D%0U]-)071JO&PEUG^W;H@D8ZES)V-:\6
MY!J#:J2?1*.T[I)'9N0>S\'Q`S9&PJ9S@\PM;>_/D$$W)VTT6&8S3ATABT:F
M-]_@@[]`YLN&4THCT.=[6UD&N5S;1S!_-WB@UR*2&FI9)"6-+;W)0<,QU\F8
M<\4L&KM:2!V_[NUD'<<):P2VCWBB[MO-!G8G)*Z2..F!?(UCCI"#9LEU]7ZI
M$VIU1S:R+'G9!CYCFC?B88V1KB[]H.MT%4_?H-+]^S:>:#S5QG8VMR"\QQW]
M5JF?#O(/$#9>RD&DFW5!ZM]'WB5^@L2I<"K:K3053VML[H;_`.]!^AL4S9VB
M6$#0X;'Q\T'QSG7\NJ#FF>\(&*X361MC#Y>;#UN@XQDO&9\"KSA%4_LAVFFQ
MZ(/2-)*)X8WM<T];H)$.U<D%Z2/7'I(O?H4'+<QT#Z/$!61#0V]S;9!.X37>
ML0^U>R#9&>R$%2#&FCU-<+`DA!I>*T;G,O;Q0:?[!TW08<K>9041\K>"#(@=
MH=IZ'=!*U,8,3'#>Z#4JJ,->XV""JCF[.2,ZK`%!T+#*O78:KH-P@<#YV034
M7((,^%!G?NH+HY(+PY(+#D$%6QBQV'-!JTS0)7[#F@XEBTA87V.Z#2*R5W>W
MMXH(623N6+K^:"&=.X7L>J"AL[KDG?P042U+M)08+JN2^DGN]0@^:HSOL$%/
MK`TWOOXH(]\D+B[V;^]!B/+&C:P'@@LLE800ZQ06)JEK0UK2``>2"W'B'9\G
MMU]-^B#(@KSR+FV03M%6-O?4+CD@R<=S#ZMAKFLD:"[:WP0>>\5K&2U#Y9&C
M7S:Y!IE3(9)G.O>Z"B+5S:?9(("#:8YIIX@Z,WLT7:@JAJG4TK7M;HD',H,B
MKQ>:J+B^1MVC:Z#69RV0DG?5S01B#/HJB2*1I!V0;'ZPR9L9VUN)""P(7C6+
M=;H*Q(Z^EWN*"P]H:'`[AR#$<V[N]J(;U\D`OMLS9!8N-3G1C4X<D%3G:VM)
M]NW>*"S=S3W2$%1<]_M&]N2!:[];MW6L$'PL&J\FW@$'T:B"V,7OR0`-+C8]
M[[80766:W4Z[7^'1!]#MB[:SAWD&12=D>S[1HU:C:2_(()V*IB;+H+]=MP@]
M?<.YCB62)&2D2=A%]6/@@[!PZDIL0HXJ.;3]7)H#>O-!Z&?AT<%/'%I^K:-D
M'-<:E`AJW]8SL@XYC>*2"BEB8Z\LH(%D&L8'3-HCZ_.W^6RNNUQY[H.LX75=
ME3.?<-).IQ02.7<2$F)555,X/$;=$9/+=!N>$U#*BL<8PWD=-D&A9K]=PW&&
M5H+NRU_6>%MD&TQ5/K%&3</#VE!P_/M'45.1<?@8SM'Q3,>QOAN@\!2_5N-]
MQ<AWOZH)7!\2EHJZEFAD:.PD:]GO!"#]/^"F?VYLP+L:FJA?5T;M+F@[Z;V0
M=HG=:1P'L]#XH(R:.-X?K;?4+%!YMX@Y=?AV+.QBCC>`.^ZWO"#I&1\<;B-$
MS7*W6T6<Q!T>-QOMR02#77YH(?'L/96TCS:[@TV0<_PR22AE,#^Y=U]T&]QU
M`=>QVZ(,EKB3S0?7BX-N:"#KH[V!&Q!0:#B%'V3M0:0@A3W@?%!C7+7>%T%]
MU]G-09\4SGLT..H-Z(,&L@8YA.G=!`6+)0.0!0;=A506]>H0;_1S%]^\@VB-
MW=:@SF.(Y(,ICW'F>2#*:3L@OM*!8((:M9L?>@UJ:*\CMD'G[&;1RGF?>@TO
M$;:21X(-5FG<TZ+#?F@BIWECMN108[:D-U:K(*'UC/!!A25+""@PG3-\2@PS
M5@-YE!@RU(C&L.NX]"@P)<6#1JL@Q#C'70$&%5XJ"UO=Z[H(B3&+G9IN.5D%
MZ+&'1F/4.90;&W'64\8>TM)/0E!K&+8P:S4"]P:#L`4&F5-0Z1Q)L;;!!%O-
MW'8!`8\LW%D&7!7RP.#F@;;V09GZ2;*Z[V:''J.2#&FF#M3@-[(,/M7>2"T@
MN,D+.5D%YE5(R3M`!_102T.,@[3Q`>!9_B@R)*BED%V%^IW,&R"S+)>+2#8=
M'=4%DM>YH[YL@^&.-HOJ)\D%+6D&YLT.Y%!\,3VN=<ZF(*-``.UO!!1R;>V_
M@@^.W:/%!]+M@3N1L@^,)'>:;;605#0SV;DNYN<@^^TW;>_-IY(/CCH9I'+P
M0?&$EFH'38VL@R62.[46`=H"#UYP-J&UE#5X>YY;>G[H\[%!T[*%4<-QNNHP
M\MFCFO#^*#UAAU1/48=$^1^IVZ#G^*T<L]/7]YK&EWM%!PO%&04,[YII-79G
MV;BR"!I<2&,8F&0MT10FPL@Z!/5^KTPA;N]_=09=!:AHWZG7?(0X@H.C9([2
M2426&F0()3/N%MFPV=XU7:PNV\D&G9-F%5A1$EPZ)Q:/Q0:YCE%V^%9E@U/`
M$9?8>(0?FO7-T5-7SNR5XT]/:*".!#9`X;(.\\%<_29-QZG<_OTU3,!*'.VL
M7!!^H3:V*O@AK8',=%5-UQ`&]K^Y!5HN3X6N4$!CN$,QB@JXB`'NB<&FWD@\
MY8-6RY3QN2BJ+EKY`&].9\T'IBDG[6$2-%P[E9!*L_P05.[P-^7@@Y[F2D,,
M\=1"#L-T&;A56R9EG;'J@V=@98$$W05%!B5$+9!WK[(-.Q2`R1\MP4&E&/0\
MM-[$H,>=MG=W<(*(W'D@R8#9S_-!F.8'1GF@U^>F`EO=R#)I971FWF$'0,,J
M&F^Z#;H:BX;R02L;T&?&@RVN&R"^TH*T$?4,UWO<7\$$!-%:1PWV0>?\?I>\
M3J`%_!!S/$9"QSH[7\T&GU4EI+VY(,&4A[=5[>2"'<=SWD&),^S"=7)!&/GZ
M;W01SJL6=<D:4&OOQ:-KG>W8=;H(BIQ;M"XASVM.P013:^5NH.<76Y704.Q"
M1C>O>*#&=6.>0"\[(*.WNTZ3I<.10!/W;/)<1U06Q.>LQ(Z!!9DG+PX6(OU0
M80<;Z?[4'TQW-]2"TYNDVYH`%T%P`,[Q[WD@.D!!LWF@LH"`@^H*@ZP(L#=!
M]U[6`TGJ0@^ME>.I(\$%;:B1M]T`5#@;VN?>@O-K-B)&EW@@O-KFV#"P^^Z#
M(<8Y@US7Z;=$%;&`DFXN$%1@U$G;S*#&+!=UM[="@QW,?L_[/@@KY--Q<'DT
M(/ND=Y^JQY:.J"O>VE[;^:"V`P-[.Q;UN4%#'EI<6#V^GN0>A^`.)&GS*RFE
MD+^VC&W*W-!Z$QF(8=FZFQ!O=AD/?MYV0>H\M5/;88US;EHN@YQQ+J:RCRE7
MRTTAAF?(+.^*#Q;B>:YZJ1F'F262HV:]U]D'2LI0::>)S3:9G[1WB@Z-1"[I
M):DWT;BZ"'J<1DDD>T7#;]W=!WO(/<HHI';]WG\$&Y8U/%-131D7.@\^NR#D
MN6P(Y*NG8>SM)J_M055+>UEQ6)@N)X'-*#\O\?;ZOB^,PG<QU,H_ZY0:^UY=
M9W+R02M+6=COH)Y:77Y(/T,]'G/PQB&7`ZR66:HAC!@D<1:P`-K(/5+G=SP-
M^2"V#TWL4'".*>69#V>)4FC5&=3[<^Z+H)CASF45]&*>3696CJ4'8XFAXN'(
M*CM<((G$X1-!V=A?GJ0:#$31U#V'D[D@W&CJ`X#F=D$EJ!MYH/KQJ^""$K8@
M-]CJ*#0,3I2U[G`CF@A1OJ!YCJ@QVBQ*"\P[DH,YCM6W)!9J(=G&_1!%%I8@
MV##*NQ-[\D&]4LUQ&?<@V>%X<+WM9!(1/W090-T&2PV`09`-T%B7D@B98[O)
M0<"S)"_2^PWU(./8FR1ID+K(-`K)'"4MON@BZBH[.VHG?H-T&NSU;FN>0XV0
M155B#@P]_P`T$%-B@T.>)>0007Z5UM?WW]>B"%,I)=WCJ/3H@H[;[+QR06W/
M)<'.L?$(*72DV`.H7Z]$'R:=C6C2WO'GL@L]L'V:-MMR@$V%[\D%OMQX(*>U
M;X%!0YS3RYH/K9`!8W04/<'&X04H%SXE`0"".:#X@("`@("`@(""H:?M70?6
MO<WD=O!!7V\G[UD%7K,V_?/D@R&U3;-[2Y?U<`@O@LD=W76C^S?Q09!A)%FA
MM_W@@^=B3>S;C]_J@M3-MJ.EY`]ER"U`6\Y@?*VZ#%+M!\.=D'4.$V(>JYPP
MTEV@N+6N\+70?H;695&8<.I*B!FHN8TF0&VZ#K.5<%JJ#"VT\C^\R^H$H->X
M@9<JLTY<JL(I(V^MN<.QWTC;Q<@_/\9/Q#`\;FHL:@--4"4L#G.Y[V[I0>@L
M#I*'"\(C<'-,[H[NOON@UBNS(WMVT$,OUSC=]AM8^:"XV6.,M<9+@E!Z:RCW
ML"IW0.;J+1?\$%W':X4D8$[R'.;;;EN@T_"I&08L[6>[*SND>*"[*_L\0D#]
MA('#;S0?F/G(=GF/'@[VFU<M_P"NY!IW:C2-]T%YLCC"`SV]1O?P0=-X>YQK
M,L8U35T,Q@+.[(;7%B-T'ZO96S#1YDP>BQ*CE[8RQ-,A(MO870;'J.VINQZH
M(O$,.@Q&FFAF:7:VD-'O%D'EQK:W)N8)0?J*<DZ.J#TMA&)"OI89XI+M>QI/
MCR03K3<"YN?%!6YK7-W"#2<9H>^V5C18%!BTE1ILTDW"#9Z>5KPRR#,*".G9
MVC=/F@US$*?4QPLTN"#1ZBG?'*_9H083@;H#=D&5$=T&=V9D`M:Y0155"X'D
M$%JFD[,G5X(-YHIP6Q;^"#:Z2<"X)ZH)YAV%D&5&;GX(,YG)!=#@@MR<D&%)
M;5N@X=CMG:S:^Z#C^.1ZNUTA!RNOC+)MP?>@UFN>[NV%_$H-0KZQD8D:][&:
MMA=!I]=B!/U;9&Z=N\@B!-?6'$>#2@L.?I9J/M?NH+.K>_3Q04N?<^004/<V
M_M!!;!;;27CWH*)G`@-&]NJ"TPV<@NEVQW"#'0$!!]L?`H/H8X]$'TL</LE`
MT/M?24!K77&QV05/WY70?.S?^Z@ITN_=*#X@^("`@("`@("`@("#Z.?@@S6U
M4L3>Y(TH,^&L8S8.;&>MT%U]Y#J!N)-]71!CB"3M1VEVCW(,&JA<V0[W'1!-
M9:K7T&-450!I,4C;D^%T'ZY\'<2BQC+%"730OD,3;`'?J@Z^^'LF.`&Q%KH.
M8YOS1%E2*DEJ"V`U#](>\V!W0:/FG+V`9]P=U;#I=BU+'V]/516-W<[(/,5=
MB&(X1%708AKIWTNID;)-B;(.>8%B,N)XH^JOJ+1:P\D'21+(!<@DWY(/4>1J
MASL"I&Q;G8FWA9!M>9<,BJ<(EJ7-)ECCU`(.5TDKIJJCD:VP:;//N0;#6,_X
MQ@\'&Z#\RN(T9ASCF..Q`]8>?^N4'/\`D@O1NL.=O!!FQ3@=VXL[F?!![8]'
M'B;+#64V5ZR:`4SF_5%Y-^7^Y![X[5L\$+F`%CN3AU0?.SMT*#D7$W*XKZ(5
ML+'-E81O8(-2R!C[VN;A]1,QLD?<[-W/;9!W2FGU!@V)02=^ED$1B$>MEM*#
M271]E.;7]R"=HYK:+D!!.1G4"@M%OD@AZV$]XZ38H--Q"G=<G0Y!`.8;\B@M
M.%K(+L7M!!)0.[S1YH**E@)]Z"#<"QW*R"7I*LMT=X<P@W:@J->]QL0@VV&3
MNBYVL@D(G;@]$&8QP)&Z#)0'[C9!B2-[V_@@Y)7T;)&NN;(.08S2`2S-#D')
M<=IWQ2G2#8#G9!S#%JPTOM];H.78O5&JE'-H:XGF@AMO-Q04R@1#?>Z"PT.Y
M\P?%!=:-]*"@N`)%N2##F-WE!\:XM'(%I0?':/L@@H*4"Q\"@6(Y@A`L?`H+
MPB%AN4%UK``$%QD>HV"!HTN((-D#LSSW0--_YJ#[V?O0?.S*#[I?X;(,2:^O
M?G9`8R[3<'F@MN%B@I0$!`0$!`0$!`0$%W[?_CP0;?E.A_2F/830NN63S-8]
MMK[7"#USG#@,PT\-;A$ANV,=I$&?P0>1LS8!48+/IGCEC));9S2.MNJ#60\Q
M.(%]0%[H/T`]'3-^G#,*BE>3V>ECQJ_G%![MDJHZBENTAH=S-T'#>*&3J+/N
M'0X7'B;J6OI3KA.K?8WY`W0>?L@YRKLK9B=ES%0]_J;^Q?J-KAI+;V<@T'TB
M*E[\RTU=0Z8Z+$:?M"P'J0/!!S+(,K732GP-B4'69W<K?%!Z,R55F'`:-P'V
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M5'M??F@Q8WZ2/>@VS#JDC;GN$&[T<^O8]`@GH3L$&8SF@D6H/B#&D]I!R?M6
MUN&P3#_.-0<MQFB=KD?<<T'+,X2-I:&25SBTLC*#RMC.*>M!Y=(1H<0@UO4)
M6!P04L%G[=0@DJ/"C*YDS[$--T#$861]YK!L@@M7F@H0?$"UT%#FCK\$%`:X
M'^:@R&(+SF:@@^=D[[*!V9Z\^J`U@$C;G;P02U(R-[GFVD`[H+CJ=Y<^_P"S
M04]D-!;]K[""GU,:`Z7IN`@M[C[.R"PX:/::@H#B^^AO=:@M:&//,-/@@OLI
MVM8X.=NX[!!%R,<]S]+;:-B@ICZMZ^""MS>Z?<@Q4!`0$!`0$!`09;1W6=]!
MW3@=A!Q'.6'RM:UWJ]B2?Z00?I=`V-K1*X7:#8CH@Y%Q6X6X=FW!9):*.GBK
MF`RQNL?&Z#\TL4PRHP_$JFBF`;)32NBD`ZZ39!UO@[CHPS&XL-<YP%3*!%;Q
MN@_37*T]<^@O7WTM/<)\$'F[BWBV+X9F.DQW"IIHF4MV%E[`[E!I.>:[#L>H
ML!SYAOU5;(]L6*M:+'5M?R0<EXI8RRL;A+=3G.BIP#?W(->R9JUEUM.H`V0=
M5A>XR^)\$'IS+36G`\.+=KLW:@GY>SD?!">>R"_BV'ZX8G-MJ8X%!%8E(X5-
M$[]T(/SDXO:OU]QG_G?\2@Y.@^H&HNZWTH+],7-D[IL;<T'IS@!Q(?E;'*?#
M*F604=9,QIMRW=;_`!0?J)3U4%5%'.WO"9@<"4%U_)!S+/>"#$J*5S&-[0"Z
M#EV5ZIV$5;</FYA^FR#NE!,#:U[()QYN`@C*JG[1CAXH-0JX>PEOX()"DE[M
MO%!*-<@^N]DH(RK;=OO0:G70==O)!!60?;(/J#/BY%!3+$2W9!`2LLXH,JCG
M[)P'G=!O>'U.OET`0;A3278U!*1.Y(,YG)!6@PI/;*#SYPXQ=F,Y;HRZ3M7M
MC&ORW*"]C=-V,=4YS1IM=J#QAQ4S)_+G4<4AT".SFCWH/.E5/VI%CL@JIIRT
M/8>H%D&?3^T#[1\$&TTTA9#I'>OUY601-<]P(:-V%!KT@:WVO[$%L'<6%VGJ
M@N%O@@^AJ"K3U/1!=$8<V_1`;&'&R"\!WK.`\FH,IT8:6\@@QG`ZG6M:Z"CL
MQ<./-!)4UA?3R09PN7:>=^B"C2[M"VP\D%>D&32ZY\NB"^8;;!H*"W)2M</9
MN3S05MIH6M#=/O01U1`WMR&,:``$%J5@:&V%T%B2E>\.+&D$C=!CFE?&T:VC
M^D@QBU\>SPUP=R06'1`;6%R@Q$%5KBX&S>:#XX@\A9!2@("`@()&",/[,BQ<
M.B#W%Z-^6`S#GX])`&N+M+)/B@]A00/$0O8M=OI09+8.V!:UHT@6<"@\K<3N
M`C\;KI<3R_3L#ZF4NF&JW/X(.>8;Z..;*.HI:R#3#/"\/$@D&Q!OX(/;N2,)
MS!380VFQQ['R1\CM<H-"XGY;]<HWZ8P[>X_%!X7J\2DP[]*8.^7120/+PSS!
M0<TQ?$G8G4=H7F1C>ZUB#:LFB=DVB78]!Y7V0=6:XMD-N:#TUE75^@\//N_N
M09==.Z.O@LXC<(.@PN]8@9W0[;=!JV-L8'0.V;I*#\Z.,L;6YYQ<`'O&]_B@
MY'(`':V6TC:R#&0$%R/F@EL/JI*.LIJJ-Y8Z"0.!'D;H/U#X#\169IP#U6JG
MUUM%9H#MB1>R#T7KNWO(,&MA;-$YK@"$'#,W82^DQ4UT#`UA.HV0;AEG$&ST
M[=4A+VGF4&^LFU`&Z"^T:KWMR00.)P`ZW:1R0:_%(YCM/+=!+Q2<]T&8@MR-
MN$$/54VL7TCR*#4ZRG[(BP`U%!'\D!!>C?Y]4$F.\W9!&3P]YQTA!%Z=+A[T
M&TX;.&EN_2R#<J*4D#<^2#9J8@M"#-09"#&D]I!X%X!9PT32X+62QZ'1WAOM
M]I!Z!SS4"DP&MK>[W6=UWO0?F=G'$78ABM3,7!VM!HG([=.2#X"0;@[H)"FJ
M+2-)[Q',(-PAEBDA8\AP/@$$97.9&.1#2@U]UOW4&-VCFD@<K\D&3#J<T7*#
M(MN`/B@N.;8"W7F@N1,)[G0CD@OQP-;H=IL2ZT@\$%YT<7::F;/'5!2[OCO"
M[OLN08A>0_3S\T!H+BT.9J!^T@GZ>CCCV`]K=!D,BTR&YT@<D%YT$9[U]T%`
M;&T[MN[H@O>R+VOY(*3,X7MU0#>P=X[H,=P8[<BSSS04-@:+W[V]T%Q_=%V-
M_I>Y!:E9%4QD6W_=0:[+`6/L6FWB@QW-<7;=ZR#&,<0YGO?NH,8NL7`;`H+:
M#Z19!=<P6;;F4%#FZ?XH*$%UC`^_,(-MRQ@<^+8Q!0T[9'B0MMI%]B@_3_AG
M@-/ES*=!AN@QVC#I6'GJW0=+CDN-G79]E!G4VNYMN+W09S38D6M?F@D:4-[1
M@MM=!.BGBELXMW'F@Y5Q*E;AV"U=9,`V.,C0\H/R9SCBKJC$,1DCL?69G<O#
M4@U*EDE8YW0--FH.A95G>:O9UT'6R3[338^*#TKDJH-1@5#&X@N:1WO@@R\6
M[F(0'H'\D'3<,<PT[=#0#;Q0:MCT5WQ!YLTNY(/SQXXGLLZXF(]A8(.(ZR00
M>1YH*$!!]!MR07HY7ZFVW0=SX4YWK<I8K!/32`0S/C;4M/AJ%T'ZG8-C-/BE
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M.=T&*@^(*F.+7!P-K(-QH)R(>A+_`!08%8=;N\]]N@019W=;9!9=$W5S.Z"Z
M+1@-WL@O0[OT$@;7!027J[G`'PYV07(HPQX=9UAU*"\6_5Z>@?J)ZE!]+6V'
M='PYH$G=:-(#BU!AB,ZB[2=3NB#+@I';.N[^B@V"FA+KN[UV]"@NRPZ1<]4%
M,3+]VR"Z8FG<#V4'T1V[SN71!AEH(VYH*"XL'>`L@7:X$V%^B"AC@0019!:)
MN.[<GJ/)!\+A$PR`#4/L(,*IE:0/J]W[((M[2-V\_!!'R6)<',('1W5!C]B/
MYR"DQCER0.S;<7U(+U@2`@^/B!.]QY(*.Q;_`#D%^&F;*X@&0>00>PN!607B
MJAQZL#A'H:6-+?XH/:,&D16#1IM9J#/C(;'&UNXON2@F8M0:2U!EL9?O.)OX
M(,J&0LD;ML$&PTM1<6`WZH.,<<I.VR#BMSHT2-M;WH/R!KWDU,Q+G'3(0!\4
M%5''J>XW)!-T&\Y<>UE3K:-KVL@ZKVY>RUA8\R@](</Y;X%2GJ'AOPL@RLV5
M'JM0'$C2UP-_P0;OENO;-3@E_P#1W026+P&;LG.O:]T'YR\=V6SMB>FYY(.%
M_P!_5!\0$!!<C-GM(W03^'O+#J:YS3?9!^@/`7B`VMI/T#5Z&R0LO%)JW-K<
M[H/6T#VN#+\R.?1!<F&[P-[;70<JSE@Y,;:N'5=OM6""O*F*"4-IW6!`ZE!T
M9DA)MM8=4%9.^KJ$$770B9IO<;'D@UB*\$EN8\T$I!+J=[T$HS<!!=^SI00U
M5!<'GN@T_$*<,N\:B0;((E`07([;H)<<A[D&)5P=H`=Q;P00X;V;C9!L6'UC
MC(QC@VR#>**4$603K'`!!E=J?`(++G$DE!^$Y+?L@@^*!K/(.?;J+H*3[K(/
MB`@J;NX(-SIXVP0Q:W<]T&!5Z9#=I`'F@BM)#MP@I/>=W=SX(*M[[M^""I@`
M>TOW\$$ZR7<`=QMMT%SM`YKO`<AYH&E[K6[MQ;3_`(H+K(M!T_:/]J"[#2NU
M\P`@OOBTRANUT$G%`"S5:Q"#,C:6CG>_)!3(W6+<K(+;&=F;\T%X/N;:>:"A
MXMY_S4$5)(`7$7V08\FJ4`>R#OJ05/:W4WO7:.@04B]]_P#5'D@^C:5SVGI[
M*#[(UKSJ^T@PI82_39X;HW08\D1+2]K;'J4&#)#J:[O-WY>2#"["0#?>W5!C
MRC8![?<$%US2&C4.?LH*F:2-AWAN$%?9.>-1%W!!7ZNYH8\[W/LH.Y<,N&M9
MF&K-1-%'#3;%KI`3YH/>V!8-!A-)3T<+8V,A8UI:T>`0;)8#EL.B#-A]BW,G
MJ@D*0N9=CSJOR*"6#;_:^""XS?;J@FJ-NF\A/,;!!RSC!`*C(V+1NW)(=?XH
M/R`Q"FTUE0PN`O*[?XE`I1V;QU;=!N.&:8Y@UHO>QO[T'3(]V#>UD'H7(4@;
METG5^S(/]B"[F^.>KH9I(R2_1J8/=N@F.'4-=6X9%5O+HV!]K.\B@ZMB1<P1
M-+=7D@_-_CX2W.^)V;N1?^U!P2]]T'TH/B`@N1^V$$O3NT$&_5!U+)V/2X'B
M+:V&:0$-=NS:]T'Z<9)QJ/'L&HJYKW:7PLU7WWTBZ#>&/:;@=X?O(+-72MJZ
M9\):':KC=!P"LBJLMXN97D]A(2&ENUD'7\+Q"*II8I&%Q+F\D$NUVKQ%T%4C
M=0/N0:E7P.B%^?@@LT,G>']R#8HG;`609;6WW069X=3>B#4J^`G6VXY\T&J3
ML+)+=$%M`024<P`;L4&5<2M.UK((B>$MON-R@HIW%DC?+J@W&@GMI=<GR0;5
M#4"0<B$&2*D?NE!7KOOXH/PN0$!`0$%R+]HU!O;6L[.$N]IC=D&%6L80WNC5
MS01!:YQNX(,4^T;;(*F[<R"@O#>UAUYH)".,AUR1R[MR@R^S#I&N'L@7*#(C
M==P<;(,]D1>[M#;R07Q'(#J`%D%YD#]6MP:01SZH,V-H;';J@^[W'A9!\*"V
M3?9!\Y;V(L@^2'NW9S08)!L"6M\T%!ZV&Q08I'(,077-UM`&Q\4#3I;YCJ@I
M'>V05B,`'4#<\D&*Z`M!TZB3T084L!.HQQ]]NY:3L@PO5JA[7/LUM_LW081C
ME!MH#O-!<;2RNVM?WH):EH',W+&WMU*"5I\'GJIF1TT)D?)MI'B@[QD'@U65
MVBIQJA[.+M+CO[V0>O<*R[0X13-@HX6M:W9!LS&BP)YH+J"_"YS;?NE!.4P#
M[N/1!G`CFWKL@7<)&EJ"?I-1CWM=!S[B-`^JRCBS&@$@<CY(/QVQIQ%?6-M9
M@ED%^OME!B,LS2]NHLOW;H-JH7/<YDC;`#;\$'18:H-B[QW0=QR!6:\(Q"G+
MB7MBU`6V0=&O&9<%[?\`83=UX/6Z#L]-A='2X;2QT438SK!>UO)!G8O0$-BE
M#`@_+[T@GAV?,29'O(18CXH.!6+=CS"`@(""MGM!!(1N]GWH-FP^IU.-]O!!
M[&X&\0#2F+`:JJM$\Z8P6^(\4'M.C>Q[&F-VIMMG()$$,V)0:%G;`VXCAKY8
M6!TT1NW>R#0,H8N^*H;05+]+F-<T-\T'7XGGZLWV*#-!N@PJVG;*W8(-2TFE
MG[VPN4$O3U+7VW-T$Q$\6W0738A!"UE/8N?8:2@T^OA;=]F[@;%!"(""XU]D
M$A3/!#N?-!54QES-K((EP+2?$()BBJV-T-)==!M=+5Q[[FQ\D$DQ]^2#):_9
M!^'*`@("`@NPB\K!YH-^:':([,+FZ4&*^SQ9T9U#D$&!.PCO%I:@B'`ESMB+
ME!\[/DWKX(,V&*P[YT?NW09K8B^U]_)!)14TM@`"[^:$%7Z/D[2X8_;<()JF
M@<YH:]I;9!F]EO:R#[IT[("`1;F.:"AP#AI)^""D[BPV(Y%!0\.=S-@$%H-\
M]NB"VYCRTV:39!C&X\O$(+0`.X%@@NB,N]D70#$[<>S;F@-8X"V@CP>@6?U^
M""X&2$;A!]-,#=X/>/1!3ZH#WB!=NQ"#'?1]ZS&W!YVZ(,B+"WU+V11PRR/'
ML:0@ZMEKA5F#'9H6/PS$(87`'M-`Y'WH/5^3>!6$8#!35M;'/)6L[Q8\`?W(
M.GNHH8.Y&P1M;R;=!\B#>1V""M!=:PENP)-T%T"Y`9O9!,T3K7;^*#/YL^.R
M!&>\#U03-,20+&UD$!G%@GRUB,36FY8;D(/Q@S`T-Q>O;)S942ZF?_<*#!C8
MR6Y[X![T)Z'W()[#G$-;K[IOR0;G'(#%L\$^"#N'#%XE=70:@7/IMF]2@Z]4
M4M57X31/H8GS5%(]MFLWMN@[EAT%1)AM$Z1LD4@MVC/XH)ZN?>&.,C8%!^4'
M'MP/$;&M&VDV;^)0<,??4;FY04("`@KC]L(,YG1!+4DK8R;N`"#=<NXM)AN(
MP5<#N_$X.#D'Z0<'\X,S+EVC%3+#ZQ'9KS<W0=ALVYT.#VWV<$'UT8?&]CV:
MFNYA!YNS90SX#CAKJ:*00Z]Y.FZ#J.6<6&)T,$QD8=(&JQ0;G&06W!N$'T@%
MNZ#6,4IR-3FL)L@C*272\!QTD'D4&PP2:A\4$HP?O#W(+4T8?JOR0:OB%*._
MI;<VV0:G-%H=NTA!B6(YA!\095.ZU[^*"0U![2`;D((N9A#B;&R"VQVAP(0;
M+03-<WVA[D&Q0O\`,702+=VA!^'J`@("`@N1`.EC!=I[PW0=+B:\016?J""V
MZ)U]5D$35.:Z_P"_?D@@YVD.)_L0(FFP?O=!GP@2WULN.2"4AB^QITZ=[H).
MGNU[=T$PPM-]MSR07!W/=U07+CQ""VX@]-_%!:)`W0'O=:YY]$#2+`^*#[:R
M"AV_)!1H?Y(+;']Y[4&$^,]HXWV)0`WP09$0-CXDH,AT8T>?5!4U@TB^Z!V8
M;O:YZ(*NR[4;W'N09D%'++LQDA_U24&RX9D;&\4>SLH7-9+[)+'<D'5<O<`,
M5KCVE75]BTNMV>@]/B@]#92X(8#@DHJ:IXJ9FD:`6"W)!Z`I,.IJ:.%L44+&
M1`:0UH!V06\0E9?1?>W)!HM8X=IL@P6\R@N(,N%KM0WV(05]B8W<^:"2@:6`
MG]Y!($=VP\+H*8&GM!N@E(CIZH(W%7B3!:T.ZM<+(/QIS?$YF.XN;#O5,_\`
MVCD$!3M(C!E<1$SJ@D()8Y*@:7Z0VS0X<D&Y4I\?@?%!V?A;4Z<;T#[=,X'^
MU!Z9R#B,<<TC',#VQS=X'WH._NT5+HG1@,9ML$&+7LL&_P!)!^2/'&<3<1<=
MMM:0C_K%!Q1!\0$!!7'[809K>B"\UR"5HZK0\'R0>BN#&=9<$QJE@>X^JSRM
M&[K#=!^CF'5<=;`R:,@L>`=D&6^3FTWWY(-0S5A#,2PNIN!J`U`VOR0<>RQB
M#\*K_P!'2%VDRVL=O[T'=J*H$@:!M=!(H(ZM9JC<@TRI'937L>:"8HI>[[R@
MV2-^H>Y!6[D@C:J"]SX!!J%?!SY\T&OR?XH+2#Z#9!G0/&KH@NU#;L*"*02%
M#+I)"#;8G<B@F&.NQON0?B&@("`@(,FDMZS#?EJW0=6I0U\;6M[]O9*!4L`'
M=Y?:00SF-W=H01U8P/:]]M+K``H+$5,X,:YSMV]?%!>#=+VNM:X09]/'=Y=X
M#D@DXH]4K7WT_P`U!+!FS7`:0W=R#[K/VKEO1!:0?.\=ARZH/O=Z_!!266/O
M0?>2"G3=`TA``W*"WV;O%!1ZN_5=MG=2$&0VBGDW:"!^Z@SH,$K)#W8B@GX<
MGXK46$<5R>:#8:7AKB\C&W`;JZ[H-IH>$U8]H[8QEH]K8\D&[4'"BA8P=IV/
MX%!T?",F8%0.C_D]*]S`.80=(P_#Z%CXNS@@8T>S9J#<HF1QL:&@?`602D8T
M1N=YH)&"3N$^2"$Q!^O5[D&H3\Q[D&('=XH+G-!EPNTQ$]$%[]K;R0240TLM
MXH,Z,6%SR0?38N`8@NM+F[(*<18T4,H_>:2@_''/W<S3CL;?_6)O^T*#20R1
MUF_9^U[T&=2.=<=VX!M=!LC:HL`'>;?Q0=1X5UX;F_#`\G3*=!'ON@]*X=5B
MDS56T;"8VU$@<+?!!ZGP(_R",WU706JWVV?TD'Y#<9W,?GW,);TJ'?[10<E0
M$!`05-]H(,MO(H*FH,ECM+@@VG":LQR0O#BTQ$.O[B@_0#@CGX8QA[L,GFDD
MFA(TD[[7L$'IC5>^]SU08T[.T8YGB@X;G7")(:_])06`C[S[>]!L^4\7]>IM
M!N9(MB@WR.36@S;:F(->Q*(#4>J"&IG%IL?%!M%'+>Z"5YE!]<SNE!K-?'O[
MP@T:K;I=\4&(@(/K38H,@'4+(+;F;[(*Z<Z7%!L])(/[$$VR7N-0?B:@("`@
M(,JB_P`JA_I<D'7J:+LV0N:+:N:"NIBOY`H,!\30=.DH(J:F)<?`GD@NL@LS
M26@H*/5M?><-F[6""3IJ=K=RW8\D$@(6:A8;H+VCQY(,8\R.@Y(`YA`.Q-D'
MRR#Z6NNWF4%YM)._V8W.OT09<>"XC*1:*P*">I,J5DFC5'[1ZE!.,R1,><31
M\4$Q%D:G^TW^U!L='DG#`QEX1JMN;H)BFRKA4)#?5FN-^J"?CP.@8064C+=4
M$Y3T,$>[86LV03,,;-A8()*)O2^W[J#/8&MN+!!=I]#YKZ04&S1OTM;H.FW1
M!*TDY=8.>2;H-@[;0W=Q-T%Z*INUP#NG)!&5+R7.W0:[,;N]R#!C+>]S02L,
M;&C6X`WY(,@]F&;#X(,:)Q.[18-02L!)N3\$$B+:=^2"Y&&D=WGXH`O?<H+C
MVF2/0XAWD4'XW<5J=\&=LRL;=H;6R<N@UE!I#KL#@UY/B@RZ)VEKN\!U+3S0
M2HE%HP;[\M6Z#;,CUSJ;,F'2-=O'.VQ_%!ZKS?*^DQ+!,>I[QPN8PU4C?AS"
M#U5DC$(L0P6*6GD,H/,H-EJ(XY#8FW.R#\:.*$NO.N9-7><*N4`__<<$'.#N
M>0'D$'Q`0$!!6TFXW/-!F-09#2/)!(TDA#P`@Z[D#-%7E[$XIH9'11ND;VEO
MZ00?I5@&/4F+T$$\,P>7,!>4$\9-1NT[!!J^,TK*R.>)S&VD80@Y/2]O@=<X
M:G1LE>``#YH.O4%:Q[0X$6L@V&-^KD4&/5Q!S7]T$VV0:O+#I-P`$&;32V(-
M_>@V6%^IC=]T%Y!$5T>JU@$&EXC`.\[2$&O("`@R8>B#),6IKB!T08X;H]_5
M!,P.^""88_NM0?BX@("`@(,_#&ZJZG'\Y!VJF:!$-M^B"I[`2+A!:JH!<N:W
M=!%.BU'P051Q"^EV_F@RF01QG8=WJ$%X1M)NW9!>L!:_-!3)8--O!!@(/I_F
MN07HZ=\EMB@SHL.>YP!!(0;##@K!;N&QYH-EHL-@B)M'TL@V&GIX0]EF()V$
M!@&G:R#/UW]Z#(:W5S09T?<`MT09<#6O.IX+G>*"2CL3:Q09;6V/-!E0$]H!
MTL4$M%X^!N@N.G-T'R"=\9[IM=!.PU;RQMSWNJ"1AJ7![2#S0;(V5TD=W/!M
MR0?8I9&ZN]M9!C/J7.[47W')!&$D[GF4%H;$BR#($ATZ#NP=$$C$;Q`VZ(,=
MKWW-N1YH)&F<=]3MAR02.JPV-P>B#,I^\0--T&;+2Q]GKW!01S0`#9!^1/&5
MHCSSFC??UMW='FXH.0RS2!SV="@NT[@W2\G=INT()BDF[9\CY&D:?M()?"*K
MU7$Z2HAD:2)FW0?HSD_!<.SIE+#FU,9GDDB:UVD[(.Z99RO'ES#O5:.X8"39
MR#'Q&MFIZ>LJ![5.TZ2@_'#.M1)5YIQV5]G":JE+C_KN0:6@("`@(*F^T/>@
MSAW?-!4U!E1/<QS2"@VK#:IYM<@MOL@]B<(LZ/C?^C9)&")S.X#TL@]54E69
M6"UM)'M(+DT37[E!H&8\($P;+&PZF;W'D@^8#B.KZB<@$#8\D'0Z2<N+1<()
M2P>-Q=!!UT`;[+;-ZH(9KW-/-!LE%/?2TG>R"6V08TS`\';D@U*NA!&EP)0:
MI/"V-S@!MT08B`@OP'O@=$$H.5D%!B8>809$5FH)%A&D(/QF0$!`0$$I@]OT
MA3W\4':(#JCN.B"[N4%3^][2"/DBU269R0?&16N#S05,C[KFW//F@N-8&[7.
MZ"T\$.Y[(+3GEQ#=O#\4'UD#G'?9!GQT@\$$[#"UK&^Y!(1-&Q\$$A$;_!!L
M$6S?>@D*?9PL@EXB-@>909`%G;=Y!)L(!09K67:#?F@S:<!H]Z#-#VM]Y05!
MSB?)!*4[MQL@D&O+?!!\<Z_0(/@-MR@SHZK26V;TL@DJ>H&L>_D@V%LI#>=@
M4&4Z;NV;8D;E!9#CI>=CJ06';BR"EG<_G>]!?@(;)OR03(L&"UCJ&R#&TD.L
M?>@S86ML[KN@S=;6M`L@RH)+"_(>*"<A#:B&U]R@AY&-B[1KB>Z=D'Y)<=F,
MI^(&8&,'[6<OU'GS0<-E=KD<[Q05,>T-L>8*#-IIK.N!JMT*#/;4.+AW6M#.
M\+(/T@]&S'&S99HH2/K6$-M>XYE!ZTJH'.C#PZUD',<X3MPW*N.8A(XD`6L?
M$[(/QUQN4SXIB$M_VDTCOQ<4$"@("`@^@7-D%]L0YW.R#)9L@JL@K!.R"6H9
M2+-Z70=1RMC$M!6LF9S;YV0>\,DYBCQ6@IS=K7EM[7\`@Z2'![?:.Z#"J6?5
MF/G<._M0<QFA?1U#G`(-_P`+KKMCV%PT(-J@J"\7L-T%4\?;QDG8\D&L2P:2
M=SL@R*:4QN:=C9!LL,O:,\$%S9!!5D0VW/-!J]72@N/>=N@@)(^S-KDH+:"]
M%W2'_P!B#.9*20+#=!DW0?$&2R8AH%AL@_')`0$!`02^!L[3$X&^\H.S0;,&
MU@4&1MXH*??N@``$FW-!;#=R@M<K]4%F22VG9`+]8V"#'^V#?=!(0NMSZH).
M(%!),Y(,ICK6""3@9?XH)UALT=4&;&[8.'-!(1/N-P4&;&]S-[W09K9KNY%!
M+LD[C=NB#*C?<<D&5'UOOX(,N/=!FPFTC4$EYH""M@N0"@N!H:3_`&(,ZEL`
MWQN4&Q1N#V@$$6071;4;;;(/I<1MS\T#6/-!\&Z"Z$$G`UX:-1N/LH+S@3N>
M:"Y!?5XH,JX#SJW\&H,OE';EJY!!ETE0Z%]C<@]$&9BD8$/:BUW'D@_)+TB&
M>K<0\7OWMR=O,H//:`@R('AFJZ#*:YLVIER-N:#VAZ,E;ZK"^66K/9TLC2:<
M_:%SR0?H4[$X:K#XY:<ZFD[_`!0<)]("M.$\-JPN>6&KGC:P#S<@_)BIDUSS
M7^W>Q08)%D'Q`0$'T&QN@R8W7')!E-*`@(,VG-CJ\T&VX=5$/[IT[;H/27#C
M,CJ.HI8Y'R=FYMMB@];8-B<553AX)-P+703CB)&7'1!J.+TH<+[((K#:@Q3"
M)Q/O0=!H)!I:-=[\D$^RUK<T$/64^B[KC=!#!]I--N75!,TM0&MM8H)(2BU]
MT&'4]_9!"3PDD]$&NU-.=WW%AT01+Q9Q""IKN00949[S4&<@(%R@_'M`0$!`
M03N6Q_QK`?YKD'8V<F^'5!=V\4%)-D%(>"@^FUKH,/4-[E!8D[UK(`):-N:"
MDC[1V09L(+QL@EXD&>TA!EQV[M_%!,0N:WWH)B)CS8D=U!E;CW(,F%[B6M02
MHW09<<;M71!*Q!Q&W1!FP\OB@S&(,R,@$W09<1N\()0<D%R[/`H/C=G!!=N/
M$(+T1.IN_=N@V&.1MA8H+C)6]H=SMS091+;:D&("=6_)!D--T&0.802K7ZFL
M#".2"YOR/-!<C&F]]@>J"^3N6C^L@N:K!K>?F@RV-?J#NGB@F9GMF@:SF1XH
M/RA])RG='Q`Q$Z1W[V_K(/-)%C9!\0$%Z$M:XESB-MD'4N&>;ILN8Y21R51B
MHYI`U^UQN>OXH/TVX?5>)U]("^SZ-YU0R="@X1Z769[8=A.`0U'>U:Y(`.5G
M&UT'YXZVESM?3V?>@QR;FZ#X@("`@O1N`V\2@S&H+UD%-D&5`#I^*"2I9.S>
M3>R#IF7L6,,D-I""-T'KO(>8/6*2G8Z4;D!R"7XC\=.'O!RDP>ISW68I3Q8[
M))'A_J5*ZINZ)H<[5I(ML4'&:STX?1XF;W,3S4?_`-KD'_>0:I/Z9G`DU':0
MXCFC1U_XM=\R">HO3@X"PZ.TQ;-0T_\`PQY_[Z#O_#/TA^&?%/#<RXGE*NQF
MHILHTKZW&C54;X"V%C2YQ8"3J-AR0<CE]/#T<YAW<8S6?#_BJ7YD$,[TX?1\
MUDC%<U6Z?\5R?,@N1^G+Z/S2"<5S58?_``N3YD&SX!Z:?`?,>+X9@&&8KF=V
M(XK.RFHV289(UAD>;"[K[(-HXE^E!PCX2YHDR=G:OQZGQR.FAK'Q4E"^HC[*
M<$L.MI&^R#F\OIS>CP_V<6S7_P#BI/F014_IN>C^]I#<3S4?_P!K?\R")E]-
M#@*_V<2S3_\`C7?.@ZGDWC%P_P`^8+%C^`8K4-P^:JEHV>N1=A)VL+0Y]VDG
M:QV*#H."8[A./4QK<&KX,1I&2NA=40FXULV<WX(-B:_S07T'VWN0?CT@("`@
M()[+G_E.+^B_^Y!URG<2S?G=!DH+0)/,(*[-')!01<(,-PW\4%*#X3;F@H)!
M%AS02-)W1WMD$I$@S6(,V/[/O02D6]B-[(-AAE#@!RL$%Z]T%^G:[4#8VON4
M$LU!*1H,\;`(,F+E\4&8P[H,N)O>)Y[(,Z,`.!02+7`C8W05H`YA!7I)W%MT
M&=2LV[R"3'D@R86MYD[GH@R#JTVL@MV/@@NQ[<]D&0$$C31V`??F@RII-`'B
M4&33#MFOOS;T05L=N;CRN@K<T>T"@SJ,Z[`^*"3G8&6`\>2#\O/2GA<,Z3O#
M77=\R#RH_P!HH*$!`09$4FES+V[I%OXH/;/!GT@V97P:?!<>FHY&P7=13/+A
MO>XY(/.O$_B!5YWS!58E,6:"\MB`O:V^^Z#E"`@("`@(*F^TWWH)!J"\@^V*
M#(B(#=S9!D-<.8W0;#0U.ET=M[=$'<,CYB?35%%&7M:TR"]T')_3NK6UF7.&
MA:0X"LK-Q_S,:#S1PD]%OB3QLR]49BR'6Y0K&4<\D%9@]17B*OB,=N\^$MV:
M^_=-]T'":G+^,4N/5&6'T%0_'::M?A[\.C;JD-0QY86-'7<(.^\2/14XD\)<
MJPYMSSB62L(I:N)DN'X6[$+UU27!KC'##H[SVZMQ=!Z.]!QVG)''/?\`_MVJ
M_P"PE0?FRWV![D'J+*GHF<0\YY)DXB8+F7AP<HTD3IL6Q6;%0QM`U@U/]:[G
M<+1S0:UF'T>,V8)DC$>(>'YGX?YSROA$P@Q2MR[B7KA@<ZQ&MI8PVW0:EP9_
MY4LC_P#2U-_VC4'H3T^?_.$J_P#Z?PO_`&7H/*^2\EYCX@YEPO*.4\.EQ3',
M7E$5)2L_M>XGDUO4H.Z8IZ)_$'#ZC,E!19FX;9EQ;)]&^OS3@V#XJ*BJH88_
M;[9A8VQ"#S&YI8YS#S82T_!!^HOHFY#R[FS@W05V,P2RSX5F+$VTO9O,>TL4
M37!]O:\O!!['RQEG!<H8>_#,!I114;I'2]ESN]W,_&R#9V/\T$DTC9`)-T'X
M^("`@(""?RT;8I&2+C0Y!UR(AUB$&04%"`@LR7YCJ@LZ;>=T%#B-MP@MOY!!
M;&Q!02$3[BZ"8B09L75!G1<OB@DZ;[7O03$',H,UJ"2I2-#AU09C6N02D?,(
M,X(,J%P``/.Z#+N+[(,F)VY09S7(,N!VZ#-;R<@$607F^R$&=3^R/>@SP@S(
M`"XW09CB/9""R>:#[I09(Y!!(0/U1AG*R"]/`YSHR"@DJ>S;VY]4&28MR/`7
M08,CNS=Y()*C>`VXYW02<I[MSN@_-CTK&N9F82!OM`_[2#QT^^MU^=T%"`@(
M/OO0$%3@=B3S04("`@("`@J;[3?>@D&H+[4%:`@O1<G()"FE[-P(0;K@F(.9
M/"[?9P0<V]++%/TAEK(+-_JJJLZ_^SC""WZ'6>ZCAK!Q(SK%-)'38&W#9<68
M"ZQH^U/;=T7Z#P0>G>+O##*N2>)[?2UIS25'#Z?+\69L$HNXUKLP/#/4X6]#
MVVO7RYW0:=_^HGB4F,9?X'XO.7"7%L(-<^,GV75#8Y"+>6JR#2_0GDT9)XW?
MSLO50_\`]$J#\YV^R$'Z:>AS^C,0]&GTI<*S3B==AV5FPP"NJJ<!SZ>*6DD[
M9\37=V^P0<'](:LRQDB/*V6.#..2#A_F?+$+L8;$]G_&#P6_65+&=T/V]Z#B
M7!O_`)4,D?\`2M-_VC4'H/T]C?T@ZO\`^G\,_P!EZ#DOHWYLS7D3BM@^<<HY
M<K<UU.78)ZO&<'I1>5V&M%JIS?Z+2@_1N#+?!_TA!FGB)Z.N=JKAEQEFP^JJ
M,R8&+!]6)A>2.NB?MI=N"6]4'XZU37QU55'*=4L<\C)7>+VN(<?Q0?KEZ$__
M`"&N/_\`DE=_L1(/6:"MG-!(M<@O@[(/Q\0$!`0$&T94T_I$:N6AR#I,)#76
M'(OV09Q04(""ER#')T]Y!C'Q05:1:Y.R#YW?$H).G02D2#/;LU!ETQNRZ"3I
MNOO034%KB_@@DX[ZQX(,YO1!DM/\]!*4;]3B@F=8;MX(++C=Q*"_";`^]!GL
M-R@S(C9S4&=&[ZQ!GH*C[2"Z+[ZO9095.!J!')!,7N`@R(KZMD%Y]CMU0&M0
M57TH,B-MS9!FQQZB#^Z@RR'.:+=$&32.NXAPO;J@V.!C3&[>^W)!%U4`!U;7
M"#Y3-U`H+KI+=U!X&]+B+35T$VV[N?Q"#P_)[;D%M`0$!`0$!`0$!`0$%3?:
M;[T$@U!?:@K0$!!?CV/P0;)A\FGLW`VL>:#D_I&U!GP;)[2XG3-5G_JQ((KA
M!Q]RYPPR7C^4:[AC@>:GYK<Z/,.*5=NTGI+@L@WZ-W_%!B2^D=C6*Y4R3P\S
M3A%/F+(.2Z^>LAP.I=<U+'2%U-#*=N[`WNM%^2#;N.7I3TO&_+.'X#B?#S",
M+JL#B[#`,3B-WTL7=&AG@+-L@Z5Z&;M.2>-7_0%3_P!A*@_/,>R$'M'AQZ5V
M#<.N'&)\-:7A7@>(81F.%T6:Y)3O7ZX^S)E\=N2#R%C%725V)5M5048PZAGE
M<^DP]I);"PFX8V_0(-ZX-?\`*CDC_I6F_P"T:@[_`.GCOZ0%8?\`X!AG^R]!
MPS@SQ:Q7@MF^?.F"8;A^*XD<+J\.@I:YNNG_`)4`"Z1OV@+<D':Z'TG\NY4H
MLR8KP[X58)E#B!G&@EP_&L?@/\FIV5&\QHHM]!<2>:#Q\][I)))'&[Y7%[SY
MN-R@_7[T)!?@0_\`^I*__8B0>JT%;.:"XQ_XH+FKS0?D8@("`@(-DRS_`)=_
MJN0=3A9]4.5T%S<<T'T?SD%'4H'0(+//8H+4@%AT06KFUD`<P@S&$@;$A!),
M<[Q*"39>S=R@D:?9H02U/M?WH):$@^&P02#3X%!>C<[4!J-B@S3L$$A22%I[
MNZ"7#W$`WW/-!?8-0`ZH,N.$BZ#-:!_107V>T`@S`TZF$7YH)0(*]7D$`O)V
M09M&XBPMU03K;.'((,IEA=!5;J@K')!1]HWW09<3M)WY>*#/8X=$%[58<T")
M]G$@V02%-4/(<!(0;(,GM/JR'W(\4'V`.^QLWJ@RWQBV[1[T'ASTNH&^KX?)
MI;N;`_@@\`/%GN""A`0$!`0$!`0$!`0$'UO,>]!(-/-!>#D%P%!4"$!!7&>]
M\$$I3R$6W-@4$1G7*^#9QI<*@QC&680RAE?V,C_9=VH;<=-^Z@HPGT:N'U<]
MT=3Q`CIG,IWU3@6V^IC%WR?T0@Z!AGHA\'L2I)JV/BY`:6F8V2IG%M+`\7;O
MYH,FI]$'@I1R5<-3QEI89:%K'U;'.:.S;(0&%WA<D(.X<-^$W#S@K29RRW^O
M])629KI#A]7%*X-DA,S"T$7\GA!P:'T0.$9A?*[BW`8X))8)I1:S98/VK3X%
MM]T&P4?H3<)JS"(L?BXKB3!:B44\.)"W9.E/)@=XH,BH]"+A!2QXQ-4\7(J>
M'+TD<..RO<T-I))K&-LI/LEUQ:Z#9,L^AEP^ROG#"J^BXCOJL5P*MBE.'D=[
MM&VD#3;Q"">XX\"N%W%O-%?Q-QGB;08%10&'+]6_M&=C'64EVF$OY:]_90<C
MJ/0YX-TDE9%5<8(8),/IA65S7$?50.%Q(_P""_6>ACPAP]PCK.+D4$ACCET.
M(OHE`=&?]8$$(+3O0UX1-952?\+<890U!I*MVWU<[6ZS&[P(;O9!Z<X-85PW
MX3Y&P[)F$9]PC&H<=Q>KJ,'K'RM::B8AFN)@ZEH`0=G>QP+NEN806D!!>;R"
M#\D4!`0$`H-KRE&'U>IW/O!!U>-C6L-OL\D%AQ04N(>;'F@`<_)``NV]T%@W
M'5!9DZ(*+[6Z(/B#.A&IO@@SV<[()6/I[D&?$2-(02M.2;A!(1[.02<7((,E
MGMM]Z"0&_-!G4W<=W>2"7;W@T_B@RX]G"R"1!(;=!<:`X[H,FVFUD&9$XFP*
M"1:4%:`@D*6VD'K=!-P'4#?H@R+[H+M]M^2#X)/)!\8Z[MP@OM-T&7$?8'1!
ME2'1HL+ZMD'R^GXH+D+B'&Q02,<X<YK';@\T&<RP=9FP09Q==MB-_%!XQ]+N
MGC_0M!-I.MLA`/\`50?G*\DN<3S)04H"`@("`@("`@("`@(*^T>.J#+8\D#W
M(+VI!4'(+GN^*"['SW\$&;"0'`=#S00^9,"FS!^C(8S"V""8FLU.TN[-U@[3
ML=[(,W`^'^/Q1T+:>LPZIJJ+$'P1NF>!?`ZDVFC=MWGAM]O,H.X81PNS1^K6
M+Y=PC+V4J[](8C'-A.*3UIA?!$P]R62,-TO+&_8.R#O>.\$:C-%'FF"MH\M5
M1S%A,%)Z^&1PR/J8&,+7.`;L!(RZ#D>!>C1Q%P;%*',&+R9<S;BM761XGF;U
MJIT-EJ6O&S+--FAC0@Q<J>CMGG`LW5&/5C,M^H9@Q7,E3F'!^U$L+(:UC1AQ
MB#A[6H=]!Z&S1PNFS)PSP+(-%3X1API\1I:C%&0:88A%$/K'1Z1[5[(.-83Z
M+/$.MPO%,(Q[-6$1MQW,4>.9CQIK8ZAV(1TD1CI:=].\:0!9MS\4$GA7`7BS
M09HHL^SU.`LS+B1JJ3,U,VL+J;U40EE)+$/]('@$_@@T;'_1DXI08;%0X56Y
M6S*RAEAQ:*BQ%S*>GJ,6JC_+Y)6`$'18:'<R@W;".!.<JFISQ#FG!LI5$&<L
M)AH)L4BJ?K6:&#5$(]-M-QS0:EAOHR<0Z&KI\:KW9<Q_%*F6*3&J>HJM,3F4
MEHJ>./;N@1`<NJ#9,#]'W.^'<4,;SI/3Y;=@>8\QXE4XA@SZ@2QLPZ?#^Q@>
MV,BW:]L=_)!TQWH^Y2Q7!N'9S!04]'C>1Z:-A_1VED+Y1[1%F\SU<-R@[#-"
MQH(:"`!M<W_M01EB@(/NHA!^2R`@("!IN#Y(-URG`[4YPYBZ#HT1<!OU0?"@
MM:>_KOOX(+E^=MR@HL[2+[(+!U>5D%#BTVY[(*`+^[Q04CX().&,.',A!EMV
M*"5AW#3Y(,^/F$$M2'F?-!)#F$$I&WN`H+K/;;[T$D!L@S8KVL$$M#<-`VY(
M,R,<O+J@SF\B#U076FQ"#*'><T>*#-:W3I09C7H+R#Z@RHRYE@+$>*"9I9"`
M^X',(,P.)/)!?WL@-`05-V*"\`@OQGO,09S^0=X(+%M>Y_!!4&Z>J"\QQ#AU
M024<]BTD&Y02S7=X>:#R+Z7K-.5:2?G:4@_]5!^:J`@("`@("`@("`@("`@(
M*P\MY609+7DM!076;B_F@NW076OMT09$<F[4$E";<B=T&V876=B\N;O8>*#O
M^2L;L^G:XV^*#T]E[$V5%/$RVPVU(-PD#7-N+C9!KU93V(()YH**>0M<!T0;
M71R7B#?%!G.`(01-3%IZGF@CA_<@NM<$%>R"VY@<+((V>G%GG4>2#7Y1:P06
M4!!^2Z`@("#[?8CQ0;OE-SFESM6VZ#HT=C'JU7L@H*"A!\Y'WH*G/`]KH@Q'
M2:C<`@#H4%#M-@0+(+5M^?=\$%.D7N#R02E-*#?8A!FM02T'LM\@@SXQR*"4
MINZ#YE!*1]X^Y!*--HP$%^(=X'S02GV4&0P$<B@E(2;-OX()".0-'>N@RVG7
MNWH@R(^_RVTH,BVXWM9!D!W+O<D&4-M^B#($HO:Q07?-!=:ZQ)'LCH@F*4G2
M24$I&X>"#(U#2@QG2]YHL=T&07=$%\!!<;LYI02C>^P#D4%LM(047Z(*7/+.
M7/H@D87%^GR*"4[07!\$'F#TLHS-D(2G[,M[?U4'YC.%G$(*4!`0$!`0$!`0
M$!`0$!`07FR``#=!?8=0N@N7M\4%S5?X(+T1[S4$BQ]MD$C3RN83O=!TO+.*
M20RPC64'J?)&/-=!3QN<Z^VZ#N=)5-E8'#O;<T%4\!>.B"#>TQR6\$$S1SBS
M1N$$ZR0:0@QJH@_B@A)>ZX]4%B.<7<-]D&:QP*"[YH,:5NH.'CL@U^JIG#[3
M4$6=K^2`@_)=`0$!`0;WE5CFL<^P+=T'0HI6F/1:SG<D'P@@(+:"@N%_=S04
M3.N.[\4&-TL@7%K=0@H(06^3'>-D$E1;L/B@D6H)>#9H]R"0C]E!)0G9!,4W
M,^8V09N]P$&7$>\T>:"6VTH+]/WC9!*Q6&W@@SHF!POYH,IH;&?>@SX-)!MS
ML@^N:[59!6UO)!G#<:3R07`PZD&4@N`=T^?)!,4OL(,YIL@K=*-)%S=!\;N0
M?-!D7098(*#,:RX8[;D@S6:;:D%E[B[X(,=KKOMU05N%W`().`M8W?F@N]NR
M]KG\$'G;THKR\.9G6V:3_P!U!^7SC=Q*"E`0$!`0$!`0$!`0$!`0$!!EP^P@
MNVO\$%807HS8M)Z(,L2-*#/B=TON@V'#*E\4C-[60=UR9CAC?`.TL-0Z(/5V
M6*]M5`.^";H.BL8Q[=P#?D@@JZGW=I')!%Q2]G*P$VW03K)26C2[9!6]^M!@
M3,<22@BB'QN-]KH,^G?N2?!!G_906[;^5T&#4PEU[`(->J(7,]H`(,/4$'Y,
MH"`@("#?\I_L'>\H-WC^S[T%YW-!:DY(+"#X>106$!!\/)!0@D*7D?>@D6H)
M>+[/N02,7(()*G]EWO02E-[1]R"1'1!?C_:-]Z"7Z(+]'^T02S/;02<'LGWH
M+[N:#,AYH,@H*F]$&4$&2WF@O(/O0()BD]ER#,""EW5!?CZ>]!D#F4&4@RH_
M9:@SX_V7Q*"P[D@LQ?M"@O-]H^]!G-Y!!:/M(.#>DS_R;U/O/_=0?EV[VG>\
MH*4!`0$!`0$!`0$!`0$!`0$&7#[""^U!4@K')!<:@S8_:0;!2>T/<@Z5EG]K
M#_2"#UMD<GLQO]H(.XT?L!!8KNJ#4)_VK?>@DJ3V4$BU!1(@BJGF$%5/[3O<
5@DF\@@J06I.J"`K_`+2"`=S*#__9
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
