-----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,
 Gy+YTXBsxMWLg067V8Gh9WV0qdFIpgaNS9YL7Ye6ehS3stqsgvwoz1c1zerEwvtD
 y/fTQXp4kdiZIlNS9wJsVA==

<SEC-DOCUMENT>0000950135-08-008206.txt : 20081216
<SEC-HEADER>0000950135-08-008206.hdr.sgml : 20081216
<ACCEPTANCE-DATETIME>20081216093115
ACCESSION NUMBER:		0000950135-08-008206
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		8
CONFORMED PERIOD OF REPORT:	20081130
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20081216
DATE AS OF CHANGE:		20081216

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CHINA FUND INC
		CENTRAL INDEX KEY:			0000845379
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-05749
		FILM NUMBER:		081251233

	BUSINESS ADDRESS:	
		STREET 1:		225 FRANKLIN ST
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02110
		BUSINESS PHONE:		6176622965

	MAIL ADDRESS:	
		STREET 1:		225 FRANKLIN ST
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02110
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>b73233a1e8vk.htm
<DESCRIPTION>THE CHINA FUND, INC.
<TEXT>
<HTML>
<HEAD>
<TITLE>e8vk</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>




<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM 8-K</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>CURRENT REPORT<BR>
PURSUANT TO SECTION 13 OR 15(d) OF THE<BR>
SECURITIES EXCHANGE ACT OF 1934</B>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>November&nbsp;30, 2008</B><BR>
<B>Date of Report (Date of Earliest Event Reported)</b></DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>The China Fund, Inc.</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact Name of Registrant as Specified in Its Charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="31%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="31%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="31%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><B>Maryland</B><BR>
(State or Other Jurisdiction of Incorporation)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>811-05749</B><BR>
(Commission<BR>
File Number)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>000000000</B><BR>
(IRS Employer<BR>
Identification Number)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><B>c/o State Street Bank and Trust Company <BR>
2 Avenue de Lafayette,</B>
<BR>
<b>P.O. Box 5049, Boston, Massachusetts</B><BR>
(Address of Principal Executive Offices)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="bottom"><B>02206-5049</B><BR>
(Zip Code)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>1(888) 246-2255</B></DIV>

<DIV align="center" style="font-size: 10pt">(Registrant&#146;s Telephone Number, Including Area Code)</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the Registrant under any of the following provisions:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><FONT face="Wingdings">&#111;</FONT>&nbsp;&nbsp;Written communications pursuant to Rule&nbsp;425 under the Securities Act
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><FONT face="Wingdings">&#111;</FONT>&nbsp;&nbsp;Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><FONT face="Wingdings">&#111;</FONT>&nbsp;&nbsp;Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><FONT face="Wingdings">&#111;</FONT>&nbsp;&nbsp;Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act
</DIV>


<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>





<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>

<DIV style="font-family: 'Times New Roman',Times,serif">








<!-- TOC -->
<A name="toc"><DIV align="CENTER" style="page-break-before:always"><U><B>TABLE OF CONTENTS</B></U></DIV></A>

<P><CENTER>
<TABLE border="0" width="90%" cellpadding="0" cellspacing="0">
<TR>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="76%"></TD>
</TR>
<TR><TD colspan="9"><A HREF="#000">Item&nbsp;7.01. Regulation&nbsp;FD Disclosure</A></TD></TR>
<TR><TD colspan="9"><A HREF="#001">Item&nbsp;9.01. Financial Statements and Exhibits</A></TD></TR>
<TR><TD colspan="9"><A HREF="#002">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#003">EXHIBIT INDEX</A></TD></TR>
<TR><TD colspan="9"><A HREF="b73233a1exv99.htm">November 2008 Monthly Insight Newsletter</A></TD></TR>
</TABLE>
</CENTER>
<!-- /TOC -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>




<!-- link1 "Item&nbsp;7.01. Regulation&nbsp;FD Disclosure" -->
<DIV align="left"><A NAME="000"></A></DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;7.01. Regulation&nbsp;FD Disclosure.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to Regulation&nbsp;FD Rules&nbsp;100-103, The China Fund, Inc. (the &#147;Fund&#148;) furnishes the
Monthly Insight Report of the Fund&#146;s Investment Manager.
</DIV>
<!-- link1 "Item&nbsp;9.01. Financial Statements and Exhibits" -->
<DIV align="left"><A NAME="001"></A></DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;9.01. Financial Statements and Exhibits.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(d)&nbsp;Exhibits
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="7%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="91%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Exhibit No.</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Description</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">November 2008 Monthly Insight Report of the Fund&#146;s Listed Investment Manager</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="002"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURES</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused
this report to be signed on its behalf by the undersigned hereunto duly authorized.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Dated: December&nbsp;16, 2008
</DIV>


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="25%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
    <TD width="48%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>

<TD nowrap colspan="2" align="left"><div  style="border-bottom: 1px solid #000000; width: 1%">By:&nbsp;&nbsp;/s/
Elizabeth A. Watson</div></TD>
    <TD align="left">&nbsp;</TD>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD nowrap align="left">Name:&nbsp;&nbsp;</TD>
    <TD nowrap align="left">Elizabeth A. Watson</TD>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD nowrap align="left">Title:</TD>
    <TD nowrap align="left">Secretary&nbsp;</TD>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


<P align="center" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>



<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>

</TABLE>
<!-- link1 "EXHIBIT INDEX" -->
<DIV align="left"><A NAME="003"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXHIBIT INDEX</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="7%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="91%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Exhibit No.</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Description</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">November 2008 Monthly Insight Report of the Fund&#146;s Investment Manager</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>b73233a1exv99.htm
<DESCRIPTION>NOVEMBER 2008 MONTHLY INSIGHT NEWSLETTER
<TEXT>
<HTML>
<HEAD>
<TITLE>exv99</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: Frutiger,Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><IMG src="b73233a1b7323306.gif" alt="(MARTIN CURRIE LOGO)">
</DIV>

<DIV ALIGN="RIGHT">
<DIV align="LEFT" style="width: 97%; padding: 2px; font-size: 11pt; background: #E31836; color: #FFFFFF; margin-top: 12pt">
<DIV STYLE="MARGIN-LEFT: 13PX"><B>THE CHINA FUND, INC. (CHN)</B></DIV>
</DIV>
</DIV>


<P><DIV style="position: relative; float: left; width: 21%">
<DIV STYLE="MARGIN-LEFT: 15%">
<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><IMG src="b73233a1b7323301.gif" alt="(PHOTO OF SHANGHAI TEAM)">
</DIV>


<DIV align="left" style="font-size: 7pt; margin-top: 3pt">The Martin Currie<BR>
Shanghai team

</DIV>
</DIV>


</DIV>
<DIV style="position: relative; float: right; width: 77%">

<DIV align="left" style="font-size: 8pt; margin-top: 12pt">
<FONT color="#E31836"><B>IN BRIEF</B></FONT><DIV style="width: 100%; border-bottom: 1px solid #E31836; font-size: 1px">&nbsp;</DIV>
</DIV>
<BR STYLE="FONT-SIZE: 3PT">
<DIV style="position: relative; float: left; width: 48%">
<DIV align="LEFT">
<TABLE style="font-size: 9pt" cellspacing="0" border="0" cellpadding="0" width="80%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Net asset value per share
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" align="right" valign="top">US$21.63</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Market price
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" align="right" valign="top">US$19.11</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Premium/(discount)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" align="right" valign="top">(11.65%)</TD>
    <TD nowrap valign="top"></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Fund size
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" align="right" valign="top">US$392.7m</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 7pt; margin-top: 6pt">Source: State Street Bank and Trust Company
</DIV>

</DIV>
<DIV style="position: relative; float: right; width: 48%">
<DIV align="center">
<TABLE style="font-size: 7pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="45%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="50%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="BOTTOM" bgcolor="#FADBD1"><DIV style="margin-left:10px; text-indent:-0px"><FONT color="#E31836">At 30 November&nbsp;2008</FONT>
</DIV></TD>
    <TD STYLE="FONT-SIZE: 10PT" bgcolor="#FADBD1">&nbsp;</TD>
    <TD align="right" valign="BOTTOM" bgcolor="#FADBD1"><FONT color="#E31836">US$ returns&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 8pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR style="font-size: 2pt" valign="bottom">
    <TD width="14%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 7pt; color: #E31836; background: #FDF0EB" valign="bottom">
    <TD style="font-size: 12pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">China Fund NAV</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">MSCI Golden Dragon*</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 7pt; color: #E31836; background: #FDF0EB" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">%</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">%&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="color: #000000; background: #FDF0EB">
    <TD><DIV style="margin-left:10px; text-indent:0px">
One month</DIV></TD>
    <TD style="font-size: 12pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(3.8)</TD>
    <TD nowrap>&nbsp;</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #FDF0EB">
    <TD><DIV style="margin-left:10px; text-indent:0px">
Year to date</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(51.6)</TD>
    <TD nowrap></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(49.7)</TD>
    <TD nowrap>&nbsp;&nbsp;&nbsp;</TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #FDF0EB">
    <TD><DIV style="margin-left:10px; text-indent:0px">
One year</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(47.3)</TD>
    <TD nowrap></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(46.1)</TD>
    <TD nowrap></TD>
</TR>
<TR valign="bottom" style="color: #000000; background: #FDF0EB">
    <TD nowrap><DIV style="margin-left:10px; text-indent:0px">
Three years % pa</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14.8</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9.1</TD>
    <TD>&nbsp;</TD>
</TR>
<TR STYLE="FONT-SIZE: 3PT; color: #000000; background: #FDF0EB"><TD COLSPAN="9">&nbsp;</TD></TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 7pt; margin-top: 6pt">Past performance is not a guide to future returns.<BR>
Source: State Street Bank and Trust Company. NAV performance. <BR>
*Source for index data: MSCI.
</DIV>

</DIV>
<BR clear="all"><BR>

<DIV align="left" style="font-size: 8pt; margin-top: 50pt"><FONT color="#E31836"><B>MANAGER&#146;S COMMENTARY</B></FONT><DIV style="width: 100%; border-bottom: 1px solid #E31836; font-size: 1px">&nbsp;</DIV>
</DIV>

<DIV align="left" style="font-size: 9pt; margin-top: 12pt">What was unusual about the markets in November was not the volatility - we have had that for
some time - but the dispersal in returns. The H-shares rallied by 9% during the month, and
A-shares by 11%, while the Hang Seng ended flat and Taiwan fell over 9%, underperforming the
Dow Jones. The main distinguishing factor was Beijing&#146;s announcement of a 4-trillion-yuan
stimulus package and additional large (108-basis-point) interest rate cut, which particularly
benefited companies linked to domestic consumption. Taiwan came up with its own stimulus
package, including the wheeze of giving shopping coupons worth NT$3,600 to every man, woman
and child, but its stockmarket remains dominated by exporters. Given low trading volumes,
H-shares also benefited from short-covering - not a feature in Taiwan, where shorting was
banned until the month-end.
</DIV>

<DIV align="left" style="font-size: 9pt; margin-top: 12pt">The stimulus package, the rate cuts and the many other counter-measures that are being
announced on a daily basis are a welcome development. They show that the government is well
aware of the severity of the problem; as Hu Jintao said, the crisis &#145;is a test of our Party&#146;s
capacity to govern&#146;. But all this will only partly cushion the fall in export demand and
private investment; there are still plenty of high-price inventories to be worked through
before any bounce in commodities will be sustainable. The Fund&#146;s managers met a number of our
invested companies during the month who continue to thrive in this difficult environment,
either because of the nature of their business (agriculture, education, non-bank finance,
internet or infrastructure-related) or location (in central or western China, areas that have
so far been less affected by the slowdown). But these are generally not mainline stocks and
have limited liquidity, meaning that they are not the initial beneficiaries of a &#145;relief
rally&#146;. Still, the portfolio is seeing an unprecedented level of buybacks; Intime Department
Stores, China Metal, SPG Land, The9, Honghua and Yuanta Financial were all buying stock in
November. Natural Beauty is attempting privatisation, an option being considered by a number of
the Fund&#146;s portfolio companies.
</DIV>

<DIV align="left" style="font-size: 9pt; margin-top: 12pt">Further stimulus measures can be expected from the Central Committee&#146;s economic conference
next week (tax cuts, stabilisation fund?), which should help to offset the ugly macroeconomic
and company numbers ahead. Given worsening export figures, we expect the renminbi to come
under pressure to depreciate. Although we expect the actual depreciation to be limited, we
have hedged 5% of the portfolio by selling renminbi non-deliverable futures. The collapse of
the Korean won is also putting pressure on Taipei to allow the New Taiwanese dollar to
depreciate somewhat, so we have put on a similar-sized short position here as well.
</DIV>

</DIV>
<BR clear="all"><BR>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Frutiger,Helvetica,Arial,sans-serif">



<P><DIV style="position: relative; float: left; width: 21%">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">&nbsp;
</DIV>

</DIV>
<DIV style="position: relative; float: right; width: 77%">

<DIV align="left" style="font-size: 8pt; margin-top: 12pt"><FONT color="#E31836"><B>INVESTMENT STRATEGY</B></FONT><DIV style="width: 100%; border-bottom: 1px solid #E31836; font-size: 1px">&nbsp;</DIV>
</DIV>

<DIV align="left" style="font-size: 9pt; margin-top: 12pt">The Fund is 97% invested with holdings in 63 listed companies and seven unlisted ones.
</DIV>

<DIV align="left" style="font-size: 9pt; margin-top: 12pt">There was little portfolio turnover in November (this is a difficult time to be trading). We
added some shares of ZTE, the supplier of telecom equipment, ahead of the probable year-end
granting of 3G licenses. We also bought China Oilfield Services, the share price of which
has plummeted with the oil price, although the exploration budget of its parent, CNOOC,
looks solid.
</DIV>

<DIV align="left" style="font-size: 9pt; margin-top: 12pt">The industries that appear to have been hit hardest by the crisis are materials, as the world
suddenly moved from overstocking to de-stocking, and technology, much of which is subject to
the discretionary spending whims of the now hard-pressed consumer. We consequently escaped from
Yieh United Steel, reduced China Rare Earth, and sold out of Asustek and Powertech.
</DIV>

<DIV align="left" style="font-size: 9pt; margin-top: 12pt">There were no changes to our unlisted portfolio in November, but our largest holding, the rural
retailer Huiyan, is a prime beneficiary of the government&#146;s decision to subsidize rural buying
of household appliances with a 13% VAT rebate. In contrast, our seaweed-processing company,
Bright Moon, has been caught with several months&#146; inventory of high-priced seaweed, as
end-product prices come under pressure.
</DIV>


<DIV align="right" style="font-size: 9pt; margin-top: 35pt"><I>Chris Ruffle, Martin Currie Inc*</I>
</DIV>

<DIV align="left" style="font-size: 7pt; margin-top: 18pt">*Martin Currie Ltd and Heartland Capital Management Ltd (HCML)&nbsp;have established MC China Ltd
(MCCL), as a joint venture company, to provide investment management or investment advisory
services to the range of China investment products managed by Martin Currie.
</DIV>

<DIV align="left" style="font-size: 7pt; margin-top: 6pt">MCCL has appointed Martin Currie Investment Management Ltd (MCIM), or its affiliates, as
investment manager of Martin Currie&#146;s China investment products. HCML has seconded both Chris
Ruffle and Shifeng Ke to MCIM, or its affiliates, on a full time basis with the same roles and
responsibilities as if they were full time employees.
</DIV>

</DIV>
<BR clear="all"><BR>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Frutiger,Helvetica,Arial,sans-serif">



<P><DIV style="position: relative; float: left; width: 21%">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">&nbsp;
</DIV>

</DIV>
<DIV style="position: relative; float: right; width: 77%">

<DIV align="right" style="font-size: 8pt; margin-top: 12pt"><FONT color="#E31836"><B>30 NOVEMBER 2008</B></FONT><DIV style="width: 100%; border-bottom: 1px solid #E31836; font-size: 1px">&nbsp;</DIV>
</DIV>

<P><DIV style="position: relative; float: left; width: 55%">

<DIV align="left" style="font-size: 8pt; margin-top: 12pt"><FONT color="#E31836"><B>FUND DETAILS</B></FONT><DIV style="width: 100%; border-bottom: 1px solid #E31836; font-size: 1px">&nbsp;</DIV>
</DIV>

<DIV align="center">
<TABLE style="font-size: 8pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Market cap
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="right" valign="top">US$346.92m</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Shares outstanding
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="right" valign="top">18,153,740</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Exchange listed
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" valign="top">NYSE</TD>

    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Listing date
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" valign="top">July&nbsp;10, 1992</TD>
    <TD>&nbsp;</TD>

</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Listed and direct investment manager
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" valign="top">Martin Currie Inc</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 7pt; margin-top: 12pt">Source: State Street Bank and Trust Company.
</DIV>


<DIV align="left" style="font-size: 8pt; margin-top: 37pt"><FONT color="#E31836"><B>SECTOR ALLOCATION</B></FONT><DIV style="width: 100%; border-bottom: 1px solid #E31836; font-size: 1px">&nbsp;</DIV>
</DIV>

<DIV align="center">
<TABLE style="font-size: 8pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="36%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><FONT color="#E31836">The China</font></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><FONT color="#E31836">MSCI Golden</font></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 0px solid #000000"><FONT color="#E31836">Fund, Inc</font></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 0px solid #000000"><FONT color="#E31836">Dragon</font></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Consumer discretionary</DIV></TD>
    <TD style="font-size: 14pt">&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">24.4%</TD>
    <TD nowrap></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">4.0%</TD>
    <TD nowrap></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Consumer staples</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">20.3%</TD>
    <TD nowrap></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">2.4%</TD>
    <TD nowrap></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Healthcare</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">11.1%</TD>
    <TD nowrap></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">-</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Financials</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">10.8%</TD>
    <TD nowrap></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">33.7%</TD>
    <TD nowrap></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Industrials</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">10.6%</TD>
    <TD nowrap></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">8.1%</TD>
    <TD nowrap></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Information technology</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">6.9%</TD>
    <TD nowrap></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">16.8%</TD>
    <TD nowrap></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Materials</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">4.8%</TD>
    <TD nowrap></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">6.2%</TD>
    <TD nowrap></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Energy</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">3.9%</TD>
    <TD nowrap></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">8.9%</TD>
    <TD nowrap></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Utilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">2.7%</TD>
    <TD nowrap></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">6.2%</TD>
    <TD nowrap></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Telecommunications</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">1.1%</TD>
    <TD nowrap></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">13.7%</TD>
    <TD nowrap></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other assets &#038; liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">3.4%</TD>
    <TD nowrap></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">-</TD>
    <TD>&nbsp;&nbsp;&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 7pt; margin-top: 12pt">Source: State Street Bank and Trust Company. Source for index data: MSCI
</DIV>

</DIV>
<DIV style="position: relative; float: right; width: 42%">

<DIV align="left" style="font-size: 8pt; margin-top: 12pt"><FONT color="#E31836"><B>ASSET ALLOCATION</B></FONT><DIV style="width: 100%; border-bottom: 1px solid #E31836; font-size: 1px">&nbsp;</DIV>
</DIV>

<DIV align="center">
<TABLE style="font-size: 8pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="32%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top" align="left">&nbsp;</TD>
    <TD rowspan="9" valign="top" align="left"><IMG src="b73233a1b7323302.gif" alt="(GRAPHIC)"></TD>
    <TD valign="top">&nbsp;</TD>
    <TD align="left"><FONT face="Wingdings" color="#e1393e">&#110;</FONT>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Taiwan</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">25.1</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD align="left"><FONT face="Wingdings" color="#00b9f2">&#110;</FONT>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Hong Kong</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">25.0</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD align="left"><FONT face="Wingdings" color="#a46bad">&#110;</FONT>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Direct</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">16.6</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="top">
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD align="left"><FONT face="Wingdings" color="#faac56">&#110;</FONT>&nbsp;</TD>
    <TD><DIV style="margin-left:0px; text-indent:0px">Equity linked securities<BR>(&#145;A&#146; shares)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">11.3</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD align="left"><FONT face="Wingdings" color="#0cb14b">&#110;</FONT>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Hong Kong &#145;H&#146; shares</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">9.7</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD align="left"><FONT face="Wingdings" color="#3a89c9">&#110;</FONT>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">Singapore</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">3.7</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD align="left"><FONT face="Wingdings" color="#d9c6e0">&#110;</FONT>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">United States</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">3.5</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD align="left"><FONT face="Wingdings" color="#c7eafb">&#110;</FONT>&nbsp;</TD>
    <TD><DIV style="margin-left:15px; text-indent:-15px">United Kingdom</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">1.7</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
    <TD valign="top" align="right">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD align="left"><FONT face="Wingdings" color="#9dd29c">&#110;</FONT>&nbsp;</TD>
    <TD nowrap><DIV style="margin-left:15px; text-indent:-15px">Other assets &#038; liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">3.4</TD>
    <TD nowrap>%</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 7pt; margin-top: 12pt">Source: State Street Bank and Trust Company
</DIV>
<div style="margin-top: 40pt">
<DIV align="center">
<TABLE style="font-size: 8pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="45%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="50%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT color="#E31836"><B>PERFORMANCE</B></FONT>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top"><FONT color="#E31836"><B>(US$ RETURNS)</B></FONT></TD>
</TR>
<TR valign="bottom" style="font-size: 1pt">
    <TD colspan="3" style="border-bottom: 1px solid #e31836">&nbsp;</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 8pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="36%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><FONT color="#E31836">NAV</font></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><FONT color="#E31836">Market price</font></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><FONT color="#E31836">%</font></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><FONT color="#E31836">%</font></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 5pt"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">One month</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(3.8)</TD>
    <TD nowrap></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Year to date</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(51.6)</TD>
    <TD nowrap></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(49.7)</TD>
    <TD nowrap></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Three years %pa</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14.8</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9.1</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 7pt; margin-top: 8pt">Past performance is not a guide to future returns.<BR>
Three year returns are annualised.<BR>
Source: State Street Bank and Trust Company
</DIV>
</DIV>

</DIV>
<BR clear="all"><BR>

<DIV align="left" style="font-size: 8pt; margin-top: 18pt"><FONT color="#E31836"><B>15 LARGEST HOLDINGS (45.9%)</B></FONT><DIV style="width: 100%; border-bottom: 1px solid #E31836; font-size: 1px">&nbsp;</DIV>
</DIV>

<DIV align="center">
<TABLE style="font-size: 8pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Queenbury Investment (Huiyan )
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consumer discretionary
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">9.8</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">China Huiyuan Juice
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consumer staples
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.3</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Shandong Weigao Group
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Healthcare
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">3.3</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Wumart Stores
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consumer staples
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">3.1</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Uni-President Enterprises
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consumer staples
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">3.1</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Chaoda Modern Agriculture
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consumer staples
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">3.0</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Daqin Railway
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Industrials
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2.7</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Xinao Gas
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Utilities
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2.7</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Yuanta Financial
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Financials
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2.6</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Far Eastern Department Stores
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consumer discretionary
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2.4</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Fubon Financials
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Financials
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1.9</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Qinghai Salt Lake Potash
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Materials
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1.8</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Qingdao Bright Moon
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Industrials
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1.8</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Mindray Medical International
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Healthcare
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1.7</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">China Medical System Holdings
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Healthcare
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1.7</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 8pt; margin-top: 12pt"><FONT color="#E31836"><B>DIRECT INVESTMENTS (16.6%)</B></FONT><DIV style="width: 100%; border-bottom: 1px solid #E31836; font-size: 1px">&nbsp;</DIV>
</DIV>

<DIV align="center">
<TABLE style="font-size: 8pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Queenbury Investment (Huiyan)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consumer discretionary
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">9.8</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Qingdao Bright Moon
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Industrials
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1.8</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">China Silicon (Series&nbsp;A Preferred)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Information technology
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1.7</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Highlight Tech
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Industrials
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1.5</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Wuxi Paiho
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Industrials
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.9</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Sino-Twinwood
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Information technology
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.8</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">China Silicon
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Information technology
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.1</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">teco Optronics
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Information technology
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="3" align="right" valign="top">-
</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 7pt; margin-top: 6pt; margin-bottom: 6pt">Source: State Street Bank and Trust Company.
</DIV>

<DIV align="center">
<TABLE style="font-size: 8pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="65%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT color="#E31836"><B>FUND PERFORMANCE (BASED ON NET ASSET VALUE)</B></FONT>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top"><FONT color="#E31836"><B>(US$ RETURNS)</B></FONT></TD>
</TR>
<TR STYLE="FONT-SIZE: 1PT"><TD COLSPAN="3" STYLE="BORDER-BOTTOM: 1PX SOLID #E31836">&nbsp;</TD></TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 8pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="33%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><FONT color="#E31836">One</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><FONT color="#E31836">Three</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><FONT color="#E31836">Calendar</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><FONT color="#E31836">One</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><FONT color="#E31836">Three</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><FONT color="#E31836">Five</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><FONT color="#E31836">Since</FONT></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><FONT color="#E31836">month</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><FONT color="#E31836">months</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><FONT color="#E31836">year to date</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><FONT color="#E31836">year</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><FONT color="#E31836">years</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><FONT color="#E31836">years</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><FONT color="#E31836">launch</FONT></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 7pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><FONT color="#E31836">%</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><FONT color="#E31836">%</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><FONT color="#E31836">%</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><FONT color="#E31836">%</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><FONT color="#E31836">% pa</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><FONT color="#E31836">% pa</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><FONT color="#E31836">% pa</FONT></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" STYLE="FONT-SIZE: 5PT"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">The China Fund, Inc.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(32.99)</TD>
    <TD nowrap></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(51.6)</TD>
    <TD nowrap></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(47.3)</TD>
    <TD nowrap></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14.8</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9.6</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8.8</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">MSCI Golden Dragon</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1.7)</TD>
    <TD nowrap></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(37.3)</TD>
    <TD nowrap></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(52.8)</TD>
    <TD nowrap></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(53.9)</TD>
    <TD nowrap></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1.8)</TD>
    <TD nowrap></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(3.7)</TD>
    <TD nowrap></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">n/a</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Hang Seng China Enterprise</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9.0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(37.8)</TD>
    <TD nowrap></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(55.0)</TD>
    <TD nowrap></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(57.9)</TD>
    <TD nowrap></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12.7</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13.5</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">n/a</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Shanghai Stock Exchange 180</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8.3</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(25.7)</TD>
    <TD nowrap></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(64.0)</TD>
    <TD nowrap></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(59.3)</TD>
    <TD nowrap></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">32.5</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12.8</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">n/a</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 7pt; margin-top: 6pt">Past performance is not a guide to future returns.<br>
Source: State Street Bank and Trust Company. Launch date 10 July&nbsp;1992. Three year, five year and
since launch returns are all annualised.<br>
Source for index data: MSCI for the MSCI Golden Dragon and Copyright 2008 Bloomberg LP for the
Hang Seng China Enterprise and the Shanghai Stock Exchange 180. For a full description of each
index please see the index descriptions section.
</DIV>

</DIV>
<BR clear="all"><BR>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Frutiger,Helvetica,Arial,sans-serif">



<P><DIV style="position: relative; float: left; width: 21%">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">&nbsp;
</DIV>

</DIV>
<DIV style="position: relative; float: right; width: 77%">

<DIV align="left" style="font-size: 8pt; margin-top: 12pt"><FONT color="#E31836"><B>PERFORMANCE IN PERSPECTIVE</B></FONT><DIV style="width: 100%; border-bottom: 1px solid #E31836; font-size: 1px">&nbsp;</DIV>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><IMG src="b73233a1b7323303.gif" alt="(PERFORMANCE GRAPH)">
</DIV>

<DIV align="left" style="font-size: 7pt; margin-top: 6pt">Past performance is not a guide to future returns. <BR>
Source: Martin Currie Inc as at 30 November&nbsp;2008.
</DIV>


<DIV align="left" style="font-size: 8pt; margin-top: 40pt"><FONT color="#E31836"><B>THE CHINA FUND INC. PREMIUM/DISCOUNT</B></FONT><DIV style="width: 100%; border-bottom: 1px solid #E31836; font-size: 1px">&nbsp;</DIV>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><IMG src="b73233a1b7323304.gif" alt="(PERFORMANCE GRAPH)">
</DIV>

<DIV align="left" style="font-size: 7pt; margin-top: 18pt">Past performance is not a guide to future returns. <BR>
Source: Martin Currie Inc as at 30 November&nbsp;2008.
</DIV>


<DIV align="left" style="font-size: 8pt; margin-top: 18pt"><FONT color="#E31836"><B>10 YEAR DIVIDEND HISTORY CHART</B></FONT><DIV style="width: 100%; border-bottom: 1px solid #E31836; font-size: 1px">&nbsp;</DIV>
</DIV>


<DIV align="RIGHT" style="font-size: 10pt; margin-top: 6pt">
<DIV STYLE="MARGIN-RIGHT: 38PX">
<IMG src="b73233a1b7323305.gif" alt="(PERFORMANCE GRAPH)">
</DIV></DIV>

<DIV align="LEFT">
<TABLE style="font-size: 7pt" cellspacing="0" border="0" cellpadding="0" width="90%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="16%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>

<TR style="font-size: 7pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">1997</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">1998</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">1999</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">2000</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">2001</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">2002</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">2003</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">2004</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">2005</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">2006</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">2007</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>0.50</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>0.08</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>0.11</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>0.00</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>0.13</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>0.21</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1.78</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3.58</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2.51</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>4.01</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" COLSPAN="1"><B>12.12</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.50</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.08</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.11</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.13</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.06</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.07</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.20</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.22</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.30</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.28</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Long-term capital</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.67</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3.27</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2.29</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2.73</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9.00</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Short-term capital</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.15</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.04</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.11</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.98</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2.84</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>





<DIV align="left" style="font-size: 7pt; margin-top: 12pt">Past performance is not a guide to future returns. <BR>
Source: State Street Bank and Trust Company.
</DIV>

</DIV>
<BR clear="all"><BR>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: Frutigar,Helvetica,Arial,sans-serif">

<P><DIV style="position: relative; float: left; width: 21%">
</DIV>
<DIV style="position: relative; float: right; width: 77%">

<DIV align="right" style="font-size: 8pt; margin-top: 12pt"><FONT color="#E31836"><B>30 NOVEMBER 2008</B></FONT><DIV style="width: 100%; border-bottom: 1px solid #E31836; font-size: 1px">&nbsp;</DIV>
</DIV>

<DIV align="center">
<TABLE style="font-size: 8pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 7pt; color: #E31836; background: #FFFFFF" valign="bottom">
    <TD nowrap align="left">Sector</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="3">Company (BBG ticker)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="3">Price</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Holding</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Value US$</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="3">% of portfolio</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="color: #E31836; background: #FFFFFF">
    <TD><DIV style="margin-left:15px; text-indent:-15px">
<B>Hong Kong</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>25.0</B></TD>
    <TD nowrap valign="top"><B>%</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">China Huiyuan Juice</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">1886 HK</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">HK$9.3</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">14,059,500</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">16,871,182</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4.3</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Chaoda Modern Agriculture</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">682 HK</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">HK$4.5</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">20,633,998</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">11,954,253</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">3.0</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Xinao Gas</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">2688 HK</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">HK$8.7</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">9,286,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">10,460,095</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2.7</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Shangri-La Asia</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">0069 HK</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">HK$10.0</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4,755,555</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">6,136,121</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1.5</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">China Shineway Pharmaceutical</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">2877 HK</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">HK$4.2</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">11,184,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">6,060,928</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1.5</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Huabao International</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">336 HK</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">HK$4.9</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">9,135,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">5,716,668</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1.5</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Natural Beauty Bio-Technology</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">157 HK</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">HK$1.2</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">32,780,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4,948,659</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1.3</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Golden Meditech</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">8180 HK</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">HK$1.2</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">35,040,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4,837,718</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1.2</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Anta Sports</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">2020 HK</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">HK$3.2</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">11,072,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4,543,033</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1.2</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Ports Design</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">589 HK</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">HK$8.7</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">3,933,500</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4,481,594</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1.1</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Intime Department Store Group</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">1833 HK</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">HK$2.0</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">12,568,629</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">3,243,475</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.8</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">FU JI Food &#038; Catering Services</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">1175 HK</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">HK$2.5</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">8,689,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2,802,867</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.7</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Honghua Group</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">196 HK</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">HK$0.9</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">21,902,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2,571,686</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.6</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">TPV Technology</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">903 HK</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">HK$1.4</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">12,728,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2,299,222</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.6</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Sinofert</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">297 HK</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">HK$3.5</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4,860,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2,163,456</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.5</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Fushan International Energy</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">639 HK</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">HK$1.6</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">10,740,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2,161,830</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.6</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Tianjin Development</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">0882 HK</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">HK$2.2</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">6,756,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1,882,938</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.5</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">China Travel International</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">0308 HK</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">HK$1.0</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">10,982,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1,374,504</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.4</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Yorkey Optical International</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">2788 HK</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">HK$0.6</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">16,424,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1,186,751</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.3</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">SPG Land</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">1688 HK</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">HK$0.8</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">11,037,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1,082,324</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.3</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Chinasoft International</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">8216 HK</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">HK$0.3</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">19,230,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">843,628</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.2</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">China Rare Earth</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">769 HK</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">HK$0.7</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">9,144,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">778,705</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.2</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="color: #E31836; background: #FFFFFF">
    <TD><DIV style="margin-left:15px; text-indent:-15px">
<B>Singapore</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>3.7</B></TD>
    <TD nowrap valign="top"><B>%</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">China Fishery Group</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">CFG SP</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">SG$0.6</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">12,050,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4,393,874</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1.1</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Hsu Fu Chi International</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">HFCI SP</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">SG$0.7</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">9,484,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4,244,174</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1.1</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">China Milk Products Group</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">CMILK SP</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">SG$0.4</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">11,607,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2,770,259</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.7</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">CDW</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">CDW SP</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">SG$0.1</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">60,000,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1,988,928</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.5</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">China Energy</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">CEGY SP</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">SG$0.1</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">12,199,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1,051,394</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.3</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="color: #E31836; background: #FFFFFF">
    <TD><DIV style="margin-left:15px; text-indent:-15px">
<B>Hong Kong &#145;H&#146; shares</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>9.7</B></TD>
    <TD nowrap valign="top"><B>%</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Shandong Weigao Group</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">8199 HK</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">HK$11.0</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">9,004,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">12,779,706</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">3.3</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Wumart Stores</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">995 HK</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">HK$6.2</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">15,126,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">12,139,678</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">3.1</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">China Oilfield Services</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">2883 HK</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">HK$4.4</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">8,238,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4,676,998</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1.2</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">ZTE Corp</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">763 HK</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">HK$16.8</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2,060,759</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4,467,136</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1.1</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Zijin Mining</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">2899 HK</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">HK$2.8</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">10,408,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">3,760,261</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1.0</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Sichuan Expressway</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">107 HK</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">HK$1.4</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">742,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">134,037</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.0</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="color: #E31836; background: #FFFFFF">
    <TD><DIV style="margin-left:15px; text-indent:-15px">
<B>Taiwan</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>25.1</B></TD>
    <TD nowrap valign="top"><B>%</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Uni-President Enterprises</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">1216 TT</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">NT$32.0</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">12,593,581</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">12,087,023</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">3.1</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Yuanta Financial</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">2885 TT</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">NT$12.7</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">26,635,545</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">10,161,658</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2.6</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Far Eastern Department Stores</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">2903 TT</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">NT$16.7</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">18,511,584</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">9,286,655</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2.4</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Fubon Financial</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">2881 TT</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">NT$20.0</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">12,603,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">7,552,941</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1.9</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Ruentex Development</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">9945 TT</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">NT$16.7</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">12,694,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">6,368,164</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1.6</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cathay Financial</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">2882 TT</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">NT$35.0</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">5,993,788</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">6,211,832</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1.6</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Taiwan Secom</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">9917 TT</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">NT$43.4</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4,738,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">6,177,092</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1.6</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Synnex Technology</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">2347 TT</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">NT$34.0</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">5,937,855</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">6,055,759</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1.5</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Lien Hwa Industrial</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">1229 TT</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">NT$11.9</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">15,919,692</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">5,690,899</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1.4</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">China Development Financial</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">2883 TT</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">NT$6.6</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">27,751,738</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">5,535,508</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1.4</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">FamilyMart</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">5903 TT</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">NT$46.7</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">3,777,652</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">5,299,539</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1.3</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">China Metal Products</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">1532 TT</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">NT$16.9</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">9,019,881</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4,579,170</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1.2</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Tripod Technology</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">3044 TT</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">NT$31.7</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4,402,867</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4,192,703</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1.1</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cyberlink</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">5203 TT</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">NT$108.5</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1,183,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">3,855,793</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1.0</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Wah Lee Industrial</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">3010 TT</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">NT$23.6</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4,118,821</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2,913,822</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.7</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Merry Electronics</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">2439 TT</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">NT$24.8</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">3,584,340</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2,664,917</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.7</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="color: #E31836; background: #FFFFFF">
    <TD><DIV style="margin-left:15px; text-indent:-15px">
<B>United Kingdom</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>1.7</B></TD>
    <TD nowrap valign="top"><B>%</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">China Medical System Holdings</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">CMSH LN</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">&#163;1.2</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">3,623,188</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">6,588,767</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1.7</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="color: #E31836; background: #FFFFFF">
    <TD><DIV style="margin-left:15px; text-indent:-15px">
<B>United States</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>3.5</B></TD>
    <TD nowrap valign="top"><B>%</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Mindray Medical International</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">MR US</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">US$18.1</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">367,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">6,635,360</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1.7</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">The9</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">CMED US</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">US$12.8</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">356,200</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4,573,608</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1.1</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">WuXi PharmaTech Cayman</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">WX US</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">US$6.0</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">310,190</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1,848,733</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.5</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Far East Energy</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">FEEC US</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">US$0.1</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">10,478,634</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">943,077</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.2</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

</DIV>
<BR clear="all"><BR>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Frutigar,Helvetica,Arial,sans-serif">
<P><DIV style="position: relative; float: left; width: 21%">
</DIV>
<DIV style="position: relative; float: right; width: 77%">
<DIV align="center">
<TABLE style="font-size: 8pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 7pt; color: #E31836; background: #FFFFFF" valign="bottom">
    <TD nowrap align="left">Sector</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="3">Company (BBG ticker)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="3">Price</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Holding</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Value US$</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="3">% of portfolio</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="color: #E31836; background: #FFFFFF">
    <TD><DIV style="margin-left:15px; text-indent:-15px">
<B>Equity linked securities
(&#145;A&#146; shares)</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>11.3</B></TD>
    <TD nowrap valign="top"><B>%</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Daqin Railway</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">US$1.3</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">8,307,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">10,657,881</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2.7</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Qinghai Salt Lake Potash*</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">US$8.1</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">887,909</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">7,054,011</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1.8</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Shenzhen Agricultural</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">US$1.8</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4,000,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">6,372,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1.6</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Shanghai Zhenhua Port Machinery</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">US$1.1</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4,462,752</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4,708,203</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1.2</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">China Yangtze Power*</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">US$1.0</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4,169,077</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4,190,485</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1.1</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Shanghai International Airport</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">US$1.6</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1,816,700</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">4,114,826</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1.1</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Dalian Zhangzidao Fishery</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">US$2.3</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">2,270,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">3,659,240</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.9</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Zhejiang Guyuelongshan</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">US$1.0</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">3,582,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">3,616,118</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.9</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="color: #E31836; background: #FFFFFF">
    <TD><DIV style="margin-left:15px; text-indent:-15px">
<B>Direct</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>16.6</B></TD>
    <TD nowrap valign="top"><B>%</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Queenbury Investment (Huiyan)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">US$85,466.7</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">450</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">38,459,700</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">9.8</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Qingdao Bright Moon</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">US$0.2</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">31,827,172</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">7,001,978</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1.8</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">China Silicon (Series&nbsp;A Preferred)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">US$238.0</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">27,418</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">6,525,484</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1.7</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Highlight Tech</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">US$1.8</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">3,366,893</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">5,993,070</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1.5</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Wuxi Paiho</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">US$0.3</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">11,734,701</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">3,679,990</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.9</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Sino-Twinwood</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">US$6.1</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">500,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">3,050,000</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.8</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">China Silicon</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">US$2.4</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">183,396</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">436,482</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">0.1</TD>
    <TD nowrap valign="top">%</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">teco Optronics</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" nowrap valign="top" align="right">-</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1,861,710</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">-</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">-</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="color: #E31836; background: #FFFFFF">
    <TD><DIV style="margin-left:15px; text-indent:-15px">
<B>Other assets &#038; liabilities</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">13,156,437</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" valign="top">&nbsp;</TD>
    <TD align="right" valign="top"><B>3.4</B></TD>
    <TD nowrap valign="top"><B>%</B></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 8pt; margin-top: 30pt"><FONT color="#E31836"><B>INDEX DESCRIPTIONS</B></FONT><DIV style="width: 100%; border-bottom: 1px solid #E31836; font-size: 1px">&nbsp;</DIV>
</DIV>

<DIV align="left" style="font-size: 9pt; margin-top: 12pt"><B>MSCI Golden Dragon Index</B><BR>
The MSCI Golden Dragon is a free float-adjusted market capitalisation index that is designed
to measure equity market performance in the China region. As of May&nbsp;2005 the MSCI Golden
Dragon Index consisted of the following country indices: China, Hong Kong and Taiwan.
</DIV>

<DIV align="left" style="font-size: 9pt; margin-top: 12pt"><B>Hang Seng China Enterprise Index</B><BR>
The Hang Seng China Enterprise Index is a capitalisation-weighted index comprised of
state-owned Chinese companies (H-shares) listed on the Hong Kong Stock Exchange and included
in Hans Seng Mainland China index.
</DIV>

<DIV align="left" style="font-size: 9pt; margin-top: 12pt"><B>Shanghai Stock Exchange 180 Index</B><BR>
The Shanghai Stock Exchange 180 &#145;A&#146; Share Index is a capitalisation-weighted index. The
index tracks the daily price performance of the 180 most representative &#145;A&#146; share stocks
listed on the Shanghai Stock Exchange.
</DIV>


<DIV align="left" style="font-size: 8pt; margin-top: 30pt"><FONT color="#E31836"><B>OBJECTIVE</B></FONT><DIV style="width: 100%; border-bottom: 1px solid #E31836; font-size: 1px">&nbsp;</DIV>
</DIV>

<DIV align="left" style="font-size: 9pt; margin-top: 12pt">The investment objective of the Fund is to achieve long term capital appreciation. The Fund
seeks to achieve its objective through investment in the equity securities of companies and
other entities with significant assets, investments, production activities, trading or other
business interests in China or which derive a significant part of their revenue from China.
</DIV>

<DIV align="left" style="font-size: 9pt; margin-top: 6pt">The Board of Directors of the Fund has adopted an operating policy of the Fund, effective 30
June&nbsp;2001, that the Fund will invest at least 80% of its assets in China companies. For this
purpose, &#147;China companies&#148; are (i)&nbsp;companies for which the principal securities trading market
is in China; (ii)&nbsp;companies for which the principal securities trading market is outside of
China or in companies organised outside of China, that in both cases derive at least 50% of
their revenues from goods or services sold or produced, or have a least 50% of their assets in
China; or (iii)&nbsp;companies organised in China. Under the policy, China will mean the People&#146;s
Republic of China, including Hong Kong, and Taiwan. The Fund will provide its stockholders with
at least 60&nbsp;days&#146; prior notice of any change to the policy described above.
</DIV>

<DIV align="left" style="font-size: 9pt; margin-top: 6pt">The Fund is subject to the Investment Company Act of 1940 which limits the means in which it
can access the &#145;A&#146; share market. The Fund will continue to seek the most efficient way in which
to increase its &#145;A&#146; share exposure ensuring ongoing compliance with its legal and regulatory
obligations.
</DIV>


<DIV align="left" style="font-size: 8pt; margin-top: 30pt"><FONT color="#E31836"><B>CONTACTS</B></FONT><DIV style="width: 100%; border-bottom: 1px solid #E31836; font-size: 1px">&nbsp;</DIV>
</DIV>


<DIV align="left" style="font-size: 9pt; margin-top: 12pt">The China Fund, Inc.<BR>
c/o State Street Bank and Trust Company<BR>
2 Avenue de Lafayette<BR>
PO Box 5049<BR>
Boston, MA 02206-5049<BR>
Tel: (1)&nbsp;888 CHN-CALL (246 2255)<BR>
www.chinafundinc.com

</DIV>
</DIV>
<BR clear="all"><BR>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Frutigar,Helvetica,Arial,sans-serif">
<DIV align="left" style="font-size: 7pt; margin-top: 12pt"><B>Important information</B>: This document is issued and approved by Martin Currie Inc (MC Inc), as
investment adviser of The China Fund Inc (the Fund). MC Inc is authorised and regulated by the
Financial Services Authority (FSA)&nbsp;and incorporated under limited liability in New York, USA.
Registered in Scotland (No BR2575), registered address Saltire Court, 20 Castle Terrace, Edinburgh,
EH1 2ES. Information herein is believed to be reliable but has not been verified by MC Inc. MC Inc
makes no representation or warranty and does not accept any responsibility in relation to such
information or for opinion or conclusion which the reader may draw from the newsletter.
</DIV>

<DIV align="left" style="font-size: 7pt; margin-top: 6pt">Martin Currie Ltd and Heartland Capital Management Ltd (HCML)&nbsp;have established MC China Ltd (MCCL),
as a joint venture company, to provide investment management or investment advisory services to our
China product. MCCL has appointed Martin Currie Investment Management Ltd (MCIM), or its
affiliates, as investment manager of our China funds. HMCL has seconded both Chris Ruffle and
Shifeng Ke to MCIM or its affiliates on a full time basis with the same roles and responsibilities
as if they were full time employees.
</DIV>

<DIV align="left" style="font-size: 7pt; margin-top: 6pt">The Fund is classified as a &#145;non-diversified&#146; investment company under the US Investment Company
Act of 1940 as amended. It meets the criteria of a closed ended US mutual fund and its shares are
listed on the New York Stock Exchange. MC Inc has been appointed investment adviser to the Fund.
</DIV>

<DIV align="left" style="font-size: 7pt; margin-top: 6pt">Investors are advised that they will not generally benefit from the rules and regulations of the
United Kingdom Financial Services and Markets Act 2000 and the FSA for the protection of investors,
nor benefit from the United Kingdom Financial Services Compensation Scheme, nor have access to the
Financial Services Ombudsman in the event of a dispute. Investors will also have no rights of
cancellation under the FSA&#146;s Conduct of Business Sourcebook of the United Kingdom.
</DIV>

<DIV align="left" style="font-size: 7pt; margin-top: 6pt">This newsletter does not constitute an offer of shares. MC Inc, its ultimate and intermediate
holding companies, subsidiaries, affiliates, clients, directors or staff may, at any time, have a
position in the market referred to herein, and may buy or sell securities, currencies, or any other
financial instruments in such markets. The information or opinion expressed in this newsletter
should not be construed to be a recommendation to buy or sell the securities, commodities,
currencies or financial instruments referred to herein.
</DIV>

<DIV align="left" style="font-size: 7pt; margin-top: 6pt">The information provided in this report should not be considered a recommendation to purchase or
sell any particular security. There is no assurance that any securities discussed herein will
remain in an account&#146;s portfolio at the time you receive this report or that securities sold have
not been repurchased.
</DIV>

<DIV align="left" style="font-size: 7pt; margin-top: 6pt">It should not be assumed that any of the securities transactions or holdings discussed here were or
will prove to be profitable, or that the investment recommendations or decisions we make in the
future will be profitable or will equal the investment performance of the securities discussed
herein.
</DIV>

<DIV align="left" style="font-size: 7pt; margin-top: 6pt">Investing in the Fund involves certain considerations in addition to the risks normally associated
with making investments in securities. The value of the shares issued by the Fund, and the income
from them, may go down as well as up and there can be no assurance that upon sale, or otherwise,
investors will receive back the amount originally invested. There can be no assurance that you will
receive comparable performance returns, or that investments will reflect the performance of the
stock examples contained in this document. Movements in foreign exchange rates may have a separate
effect, unfavorable as well as favorable, on the gain or loss otherwise experienced on an
investment. Past performance is not a guide to future returns. Accordingly, the Fund is only
suitable for investment by investors who are able and willing to withstand the total loss of their
investment. In particular, prospective investors should consider the following risks:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 7pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><font face="wingdings">&#232;</font></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The companies quoted on Greater Chinese stock exchanges are exposed to the risks of political,
social and religious instability, expropriation of assets or nationalisation, rapid rates of
inflation, high interest rates, currency depreciation and fluctuations and changes in taxation,
which may affect income and the value of investments.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 7pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><font face="wingdings">&#232;</font></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>At present, the securities market and the regulatory framework for the securities industry in
China is at an early stage of development. The China Securities Regulatory Commission (CSRC)&nbsp;is
responsible for supervising the national securities markets and producing relevant regulations.
The Investment Regulations, under which the Fund invests in the People&#146;s Republic of China (PRC)
and which regulate repatriation and currency conversion, are new. The Investment Regulations give
CSRC and State Administration of Foreign Exchange (SAFE)&nbsp;wide discretions and there is no
precedent or certainty as to how these discretions might be exercised, either now or in the
future. The Fund may, from time to time, obtain access to the securities markets in China via
Access Products. Such products carry additional risk and may be less liquid than the underlying
securities which they represent.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 7pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><font face="wingdings">&#232;</font></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>During the past 15&nbsp;years, the PRC government has been reforming the economic and political
systems of the PRC, and these reforms are expected to continue, as evidenced by the recently
announced changes. The Fund&#146;s operations and financial results could be adversely affected by
adjustments in the PRC&#146;s state plans, political, economic and social conditions, changes in the
policies of the PRC government such as changes in laws and regulations (or the interpretation
thereof), measures which may be introduced to control inflation, changes in the rate or method of
taxation, imposition of additional restrictions on currency conversion and the imposition of
additional import restrictions.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 7pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><font face="wingdings">&#232;</font></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>PRC&#146;s disclosure and regulatory standards are in many respects less stringent than standards in
certain Organisation for Economic Co-operation and Development (OECD)&nbsp;countries, and there may be
less publicly available or less reliable information about PRC companies than is regularly
published by or about companies from OECD countries.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 7pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><font face="wingdings">&#232;</font></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Shanghai Stock Exchange and Shenzhen Stock Exchange have lower trading volumes than most OECD
exchanges and the market capitalisations of listed companies are small compared to those on more
developed exchanges in developed markets. The listed equity securities of many companies in the
PRC are accordingly materially less liquid, subject to greater dealing spreads and experience
materially greater volatility than those of OECD countries. These factors could negatively affect
the Fund&#146;s NAV.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 7pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><font face="wingdings">&#232;</font></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Fund invests primarily in securities denominated in other currencies but its NAV will be
quoted in US dollars. Accordingly, a change in the value of such securities against US dollars
will result in a corresponding change in the US dollar NAV.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 7pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><font face="wingdings">&#232;</font></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The marketability of quoted shares may be limited due to foreign investment restrictions, wide
dealing spreads, exchange controls, foreign ownership restrictions, the restricted opening of
stock exchanges and a narrow range of investors. Trading volume may be lower than on more
developed stockmarkets, and equities are less liquid. Volatility of prices can also be greater
than in more developed stockmarkets. The infrastructure for clearing, settlement and registration
on the primary and secondary markets may be underdeveloped. Under certain circumstances, there
may be delays in settling transactions in some of the markets.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 7pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left"><font face="wingdings">&#232;</font></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The value of the Fund&#146;s investment in any Quota will be affected by taxation levied against the
relevant Qualified Foreign Institutional Investors (QFIIs) or in respect of investments held in
the relevant Quotas. The PRC taxation regime that will apply to QFIIs and investments made in or
through QFII quotas is not clear. The Investment Regulations are new and do not currently
expressly contemplate the treatment of QFIIs and investment made through QFII Quotas.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 7pt; margin-top: 6pt">Martin Currie Inc, registered in Scotland (no BR2575)<BR>
Registered office: Saltire Court, 20 Castle Terrace, Edinburgh EH11 2ES Tel: 44 (0)&nbsp;131 229 5252
Fax: 44 (0)&nbsp;131 228 5959 www.martincurrie.com/china <br>North American office: 1350 Avenue of the
Americas, Suite&nbsp;3010, New York, NY 10019, USA Tel: (1)&nbsp;212 258 1900 Fax: (1)&nbsp;212 258 1919
</DIV>

<DIV align="left" style="font-size: 7pt; margin-top: 6pt">Authorised and registered by the Financial Services Authority and
incorporated with limited liability in New York, USA.<BR>
Please note: calls to the above numbers may be recorded.
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>b73233a1b7323306.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 b73233a1b7323306.gif
M1TE&.#EA"P-Q`/<``(F5-?[_]K/.F7=T=FEU+TB00E5K+OO'S^3'J/.BHG"J
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M+_;][?7VY/*:H]AU0[)0%9G`=7Z&+)^I5VEW/_>]P\S0SKZI*O?]]O?PZ8J+
M9L^(%)FV6;K/'?&VBO7KI6N&)J.WK+2@;M7>P_STXM+5T^:[8Y6)(]]X:'B7
M+O3>PCY[+WVE9+=S'NWNY-[CX(VC+F>2,$=B)._T\6V(&*JQ,.9?*5Z?0)BL
MGS(@"8*Q7!XN'2`<(/__^Y*.CO_[__O__S!A./O_^_O[^O_[^OO[__O?XX"C
ME%U:6[&PL._?T"AN,+[#O^?KZ^?GY^?KYW^=CJ[0.&9D9+3"M4(^/IEF'?&+
MFN,8-L^<8@!0+_G0Q?___R'Y!```````+``````+`W$```C_`/\)'$BPH,&#
M"!,J7,BPH<.'$"-*G$BQHL6+&#-JW,BQH\>/($.*'$FRI,F3*%.J7,FRI<N7
M,&/*G$FSILV;.'/JW,FSI\^?0(,*'>JSU(&C2),J7<JTJ=.G4*-*G4JUJM6K
M6+-JW<JUJ]>O8,.*'4NVK-FS:-.J72L6X8$A^N+*G4NWKMV[>//JW<NWK]^_
M@`/KTP!7L.'#B!,K7LRXL>/'D"-+GDRY<@EF29+$V+Q9CAO/<CQO9E:BA#[3
MIQN1CEO"%+-9L[2UF-TB$NT6L$WIGJ6Y]V8WP(,#EW/&U.G*=O<I7\Z\N7.W
M^HA*'WD@^O3KV+-KWZZ0G/?OX<Z%_PL7@-<C7H$LO`+P`X`-6P0,R)]/`$D/
M8;E0/8$%ZPD**5)`P8$G)"AS!R51F%"%*`MN88(B5<!1@1Y/K"$")*&HH88"
M"CRPS38%%($##H.4^,P#`E@RBB;CI!,`.N&,,Y)S--8('7<X3E1=CCSVZ../
M-(4WG@[F(2,%(.\!``@@/<0WGP$$U+<);'48@P`JGDAA(`12D%!!&59LH(@)
MHI11IBAHBJ**!9@$$",,&<J`A@P?;M-`B#6,^,R(!=0R0P#GC`-CC/_("%*-
MB#)W(Y",$K1CHY!&*NFD$(U'3@"8KN&,,F:T$$T2-C2YB0%$S/<,`;@<H@T5
M5,#FBA96Q/^ZP:Q=*+*+(FA>D,VNV91QP0=DW`*&)NF0,T,H-]"YC8=H--!`
M$8CD.2(.SR!1RRAKC*/M>(0>FFBBBU+:XZ/BEFONN3R2$XXY`;"[!A@3:.'*
MO$GD<\@FUCQI`"[RY<,%JY%$8D8B5K1AL!51U*I@F1<TC,4%7K`A0S-+^,&+
M)KST`0D::-3)<;,ABC@M#C6@X<(3Z#PR#GGCA?0MN`>1BZYV,L]L\\TXZT0.
MN^:$(PT&-M1AABNGF)$$'IL084V^3^*2!!4!GQ+P+VTD8G`;462]Q19E6/#!
M*Z\\K`8:U52S1!^\F,/+*!MW;.?'=T8[,K7/U,)!MBO#TNU'+R/_&F[.TM4,
M^."$%UY2>&Z&XX<7-MB0Q!F_U#$+TDHS+=\SFR0Q2R3:2&W&+XF$;G4;L2I"
MB0F^8O'P'#)4TT`UD/1!SL6P;&RGLW<^@$3<T@Y"=R@NP++M&N*YW#>-?QO^
MD^#*-^_\\Q`)BLXX`<!P03/Q67.(&_PDL0D>^8XJ_B%)2&)^#(TO8P:K5/S+
M1>BD6[$+%G,`44T!SJ*HPSCGG,.+$`_`7P$&2,`0/4-:(WL&-&:@`QUPRQS&
M.UYSD@>]G#"O@AC,X/-6%B,=&"$#V%M:)JYPA234`1!N^-[W\(`'6M""%#",
M09-ZH(T:0HT+D<!A)'X1*U`0`PE(&"`2_[P!!C=IBQS'>,"="BC`D.6I=]0Z
MFPY$P,$(2G`Y%-0@32ZHQ2YZ<6;>T=8HO`!")!A@"E/8P0BZ<04WF`$VG(&A
M^<QWB";EHP7:"%@D0L>%/G*!=*#P0!#IX#I(H"!0YT#'.68`C2+<J0B0K$$1
M0A:M&EB21(.H%@PX$"AU6?&*^\CB%U_"Q5&:\I1`"F,X+'&!.=S`C$280A[R
M,((==&,$FW!##'0I!SE*0@Z'R$</>N"Y1,QK`L+PAS/4(84W9`,;0&P`$@``
M`UB<@QSBT80?H/$L2'JS!L_`TY[V9,D(D(R(^Q-/R\+1$5`J*F;6025,2BG/
M>MIS.F$<!P38X/]*,Y9CEGG8P3?^T(V"DC`T<MR,,)<!B%<I0PK#\`0*D*$#
M-R'C#:_`!C$*@`8/`,,/[;K4NE:QA)!]4Y+0*L(!+7E)DC4@=HKD5LLXXDXL
MPO.>+J$G3G?*TYSD4PP7(,,K227+'>S@#TC]`SC8>(5#;,9\)L0``L00B!,@
M@Z(Z4*3*QG$"(P"@;`]`PPV,\(2TJ6L\O!"`-]<*3DE:4FZ2G-:)8*`#=7*K
MG34-Y4U[FA*=\O6O@&5)&,]!@PRH8:C_I.5`D_J''>2!`,8PQADFP`@$.`,5
M'.``D=IU#G.(1V7IH(`7OEJ-L(8"!B]BYWBH!P.31I*EDJRD6Q'X#$C_:/81
M,L5K34496(_XM;?`#>Y'O!,.$9``"X>%92:,NEBD[B`3OCC&&M9P@C7`@A>\
MP)0BS<'=\9AC9>E(1RR.\8,'>$@-1B@$;@,5HY$N8:U.;&L1I&7)^<I5`'T8
MU$PWDE>]&N2WPJ4(@`-,X`)'Q#OG*,4'@?#*9Q`AH`)=K&-Q@0`1\")&Q=H9
M<64J4\^>(P#;#*L,@/>$]<9H9>>`A0`JX<WXDBQ/B'CQ?/.4R0>XP(%WI6E>
M>6O@B@RXQT`.,D$0C`PC\(#!2,"%-8J:5*->P1?NX$4^M66H[X"G9^3!5!^R
M8-YFU*(0V9K>B<>C"4;"MP`L)=F>7HQFD>$`_PD"&(4Z_\%._NYXKT+&R(_S
MS&<">R<`TC"R_<RXY(`ZU[%$:,<3UCD>-V'*30:Q\CAX`0GSW@`,*&OOB5=F
M#EC<XP&0#%'(2)9`DDV2QCCPQI_4F8XZ9Z2_/.YS0_8LZUH#]L_2L,"1&WS&
M-!K5L5,PP#&*%P[OF$,3/7.3?NLLZ70(H+2AX,"+EEVH?WB6D2@=8"3G1BV4
MSC>3#8`!MXIGY]WBV=81H36ZUWU/7.MZT/Q"(X1G.05<S*-_X_".)O:-[$:C
M([55'BP,'G"#6@#J$9A:5[=6%@L!'##4H^:V)/'$)T@D+ASIT+&Y_QM/=CM$
MW1X/N5!<K9']2N3/?O^X@&%?2>@'!S0/4["&+RZ\,RR'0[_FL+*5!S+I8X0"
M&"[8:D77]9V5C4,',WA`MIW(;1RL540*M&9[!T)RBL#ZW")7",BSSO64Y);.
M')YIHV6J<RL76^%GW?2V`E!1@Y@\(7\&PZ^H<8.A6B.6``TV-Q).#H3TO>\(
M&<\\X'&,:XQ9M8`O5'B>`(GYMAB23;=D?!]0"',\`N%G#P!&KL[QKB]DZYX/
M?4<@+9#<4EFU=.:Y3!\M)$U_.'%K?[2;SDIN&=F>G8:"^^S2H/(C>Z`:!E@:
M&M%(!`+<(^$54:T(^J>0%O%/!\?8@[>UC>J1(2+4\RV`"\YQ^=F_?2*<+PC_
MK?E!_O*;__SH3[_ZU\_^]KO__?"//_Q/(!'0B_[^&$E<Z65J]-S_(^VKE66I
M-1Z*!"BPMRW_QGKJHDI&5V>VMQ#D0#TN8`$9P`,_<`."%'Q$$$L;B`2Z,'06
M$2-]5W4&H2UJ\P0"\`!.AWWVY3O3DFW>9`2P\`B)='8D*!'AYR@=]Q#RUX,^
M^(-`&(1"R`_TEVX[Z!`K(`Y*"`\WB!`A\`)*Z``,(0+)``\J(`XO``\K<`X,
M<0U*J`)<F!!>*`XK,!!/J(1HF(9J*`Y2.!`.@(4BH!!)*`[78!`B`(5M6!`B
MD`-PV!!\V`X1,89E6!#)H(0YT(0"48CBH!`BT`$Y_W"%[>``'1"&!'&';-@0
MX2`/NM`.7Y@##C`-<9@02I@,"P&%\$")9[B&JGB),H%C^[=ZFZ9X;`>"5+95
M"=@_GZ4M6V5[5J8)Y*`)8:=:WQ=I.N`"%X`%/)!<9J2!Y5`J#W`,^D<1511X
MJ5<H_!,.L.`'67!]C^=FUC=)`U0#M=`'X:`R"_AJ=]9Y$C&$[-B.[OB.ZU>$
M$$%K#@`.]C@`(?`0.3`"]KB("7$.NF`/^(`/]C@"`QD'T[`0*U"0\""']IB'
MT\``]CB1%%F1X."/`B$.X,``^9@0]0@.@T@0(2"1&$D0Y_`"!IF'";$"(S`"
M+Q`1"PD.*BD0+V"/#-`!"O]1D^"0$/`@D`0)#@;)`(!8$"-YD0S1`7'``/C`
MC_8XD/A@#PV)$/;XD@K!#N`0!W4H$!%ID5S9CS-!<L'8:`D7=C(2#CKP!!R`
M`H0``6S9EIA`"(0`!5"``ASP!`X4@<9V85-'*&7)$.'`"\98@8>5@<&W-/+Q
M`#/`,A5!B=5($#E6*.IR#DBW!^$$<2U((IAIF=`0/-E"=&!G$3DX$.,'CZ3)
MCGPP`:4)A/+X$/18D".0`PXQ#O;`E"5)E`-@D^R@`BH0!^SPDR^0E0<1DQL9
MD@81DWD8`NV@FR^@`E!(D.RPG-"I`BJID1RI$!])G`)1E+4Y$-=@#^#`#MA9
M$-W_>97`B80/:1`Z"0X#4)X%H9,'<0TJ`)0,8`^ZF93XH`L&H9UR&`?\B`_S
MJ9LJ,``,P``CL)T#,94+894#$(K_@)S*R9SBX)S1N9PS^94<5I:/-BCZU4`<
M``9B(`9>4@\2L``+8`'U8`$64`$50`)B@`ES^028\EV\T%G:(A!X.8T),22!
M"01J\`/5`$3S40[R$0HS@&6+^0_LQ9BOJ'@RTC^PH`,"('V6Z8TE8FH$A`8"
M\`14M"[[!YKI*'Y'V!"I.:8].`$(0`$40*8]N)H?%Z8,\9%QH)[FV9M&>1#Q
M<)LC$`<=P*`B``\#T)(JP)X#$9-+"88(89P*H9\*09T=_XD0UYF?))D0'4"0
M*O"/*(D/I`B3Y]F>33D"%3H0[ED0)PFH\E")'="H9ABI"-$!5HD/<>``J/H/
MC?@"GRH0]CB4"6&5<<"@!Z&H.)%[=\4_9I<.ZL1VF((,EI`&>E`!8S`&J9`*
MAA"MT5H/"T"M]5`/8R`A>@`!8*!9XT"#U_0=G<5=Y8&(8,<+UD,&R5AW2$``
MSS`?B$``1/J8'C&,_X`.Z!`+D-!F2V1?(U(BO@..`_1E`3`./=-WI&=U7ZJ#
M$Z&F#MM^",!.[O"P\U=_;KH0'YD#2QD/#:$"(Z`"JJJ'XF"0[<"K`G$.(:"1
M(X"K!1&3U(F3P;FI3ABR",&HUO]IC^'IJP9Q#O$Y`AQ[$!T@D2^@I`V!J`71
M#OT(#O:0$$B[DRWKG2I@L@FALP01#]Z)#SE`M#RGM;8*#E29J^HIM2))LS?1
M8=L"7CL3#LC0!X$`!I@@!A`@!GI``BA*K=5:#](:K0M@"$J@!-6:K7`@(1,"
M`990EP&`E\52;#@:>&9I/89U@2R'"_RR+_+J!_9:<DTH*)JP"OLJL&C6.U4Z
M<?BSF?OC2?^0L."WL*)YL0I!L:Y[?@@@$!/[NNS'IK/&NAYICT@)#I6Z$)/*
M`,E`M@(!#_SXM0AQF_@0JP)AG+<Y`(<JL[TJO`5AL[D+DI!:IP@A#[.YGCM[
MF_;`M0K_";TT:8_R8)7M<(.A2A#P8(_*.[72>PVWR0XP2Q$(6I57*;:IBKUE
M&XW/]P3[@0+*6@&I,`;4J@09H`1\V[><P`DDN@`*O,`+W+=]>Z+-F@I.X`1P
MX`BM$`2$8+@OTD`%JS(*<7/HR@9DP&`8*$BH4A^X@`2WX`?;8A(YEF^M%@"?
MQD0M"+"#(+H-8#?%!H!>NG%@VK"TBWX3,`%\4)JQ^P^S2YJGF<3Q9[L,T9H@
M"0_^V;X#,:HJ0+4"<9L,@+]N2)#&.Z@/J0M+.;\$8;0SJ[\'0;V.BK/7:Z!4
M9\4KJZ3KBP^URA!J#*KV.*KL4*KH:8^![+0.P<7_8,7@<(@6_U&_8+N@B2J]
M%KI:*Q,`_O&VRVJB!.S`G)`!G'S`#-S`>^NW2L`)2L`&"DRBV(JW3,`$@*O!
MVXH)+@J7<REM"H&OL``#;+"N=><!@M3"DNL!+SP]_N<1#PAV(NB+'\:Y3!0B
MTU(B[^!T^(,&1!JNY&&Z"BO$#+N.["=5"(#$&.`.)W`"[H``4,P'"`#.)T`!
M&`#%ZS<!%`#.("#.Z]S."(``&,`/&$`!X9RFY6>F:%J$O8"F%(``ZR=5J)E^
M9ZK.^`S.O9#.]_Q^4OQYN/O&('D-!`J;4^N=\L#%\5"\4QB_4FN<(J"1CMRR
MXDN4D#P0;GP0CXK2;&R'<0J>:6R5XO\`ON$KDX/<H+-IJ)Q*R`.QON``R`UA
MR-YKTPUQJPEZOX_\TD&">XHW"F!``Q:P!0LB"H8@`?7`"6RPU62PU7[;P'B+
MP`P\RF2M!-=J"-0ZHA*PRL$0#!<LN"JJHF(P#+$PPNA0PB>\RRGLRT@`S-*0
M,N:*$<7,+>.P;]B$#J-P#"`R0$L$NN^PPT5@)P\``^AP5K,7Q.X4:PC1?A0@
M$.^<>`)Q`A.``2=0=>[`SN?GSC?H#@>-?DOL#A1`B;U@?A/0"PEQ`NKG#NST
MT.CG#IY-`21(SNX7T5HWT2P-Q^N+CSPY`L[+Q3FPD0G)$%9\G\5YGM/`#BM;
M=7L<QPNQT@;_T=)CR]1Z*)$#4&?7P)_V@,5%>])-*Q"Z,`+`:Q#M71#:JY[R
M$-C9*;PA`)08O<A>F]0EO<9R+!,J\PC^L9:M,`:&L`!L<`$,#,$+W-5?8,(0
M7`^BO`"<D-4.+,%]N[=8;:+76L&IL,IC@-7-FJU,4`%IP$GI@%U$0F7G@`(D
MD`V&]0`>@($W``"VP,N\_,*7QUW851XA-<D`1V7'!D$5L3+_MV^K4`R(P-AW
M4@.#$&,D\LR3=">U8`EX0PX.A-F@I-D'P=D"8=OA(,XG$(;@C*3I#`(#0=#I
M-P'TUPON,.<@P(7AP,^N/>9<>`X@(`VXW<_Z?`*E(!#4M<]O7F>\_WU^OOT/
MO;`RZ>P.MOT/:^#FM6NQ$_&HUS"0>?RGL,G%S2NHP4F@8_P/B!H.-6D/0KV\
M)QW>`YZ1&ZG>_P#>^=OJ`Z&Q(X"?_V#KN$X1V_T/H7H.MQD'.2VJ[="2`[#K
M2[V=]7B3&,'("*&K8-R@*1T3E(P";ZNB6R`!JM#)'\`&6FW"9/`%X4X&9*#5
M$$S6$)[NI.S`#6P!=XNM8\#*)YZM%YSB8E`(=74.%D8]V04%)%`&*V?C=:?C
MO(P+-_#"=55L'B8>ZN)98TEE#:]Y2<Y.^L8+21=$^/,L_UKEOC-`VZ``8@`+
MZD(]^*T0H2D0H[E^G7VRW7R:*\].O=#R</\>VJU-VR?0S4CL\B=;\^6WQ&..
M`4?,\T'_VD'/\^2'`0.1Z.:WZ$@J\Z1-9Q1@].='W`E!Q8.HD7(<`B/PQ]+^
MTKIJU`)AT2]MM"(@ZB:-T^XKWBK]ZC=KO2Y-ZV'OO2%P#A(9!R6_DB>=OF8\
M`FCLZX*\LTV+#[^Y$%Q\ZK#N$,Y^$`H:[88\$SH`P!5`U<'`!&7P`9;?MQ]@
M[N!.[N*^U5M-RISL[5S=U>1NPJ$O^@M,HH:PRJS,RJD`!TYP!$Z0XC00"(&2
M842B`Q#0"F6PKK_G`0`0_#_`X\)")-QW_*=G#A4U>]ZQI!/_'9H0`*,`0#7@
M\<S\KU5*0-M@!*O_0&6HBX.JB_+&;1!B[MFT'8;G0.GXS(6EH/3DQP>H77Z1
MKOX]/Q"]X/YYSL3MA_0"`1`8^`TD.-#=OW_G$/`IB&#-OU(3"DX<>`+A18P9
M,1[0I]&C1@?@P*U`F`S?"!$:PZD8(8[<OQ`,P(G+&'/F1X_LP,6YEG&%2`<7
M<XP8$0+C3W!!<=JDB?.?.'`C[$VE6M6>SI$:F3H]RJXE5'LDN7)%JA3C"Y$7
M18B3VO,B6G`X==D;`0Z?BA#A/F[-.&!G2HTB=#D@7#C91Y$,K"ZN&P?P7IE-
MQTZF7!GAN``HTI"HL,6"!`L+/BQ8(,'0:25*.&5@D\&UD@RP79.A3>;+_VT%
MN7-_47#["VW7L4>3-LW$B9,C1R8==P0!BHX`Y\B%X^!C$A,>:FX\\.#AQP\`
MX0%XF",F#1@P@0H5XC!*Q[D`Z,:%&T>.G"9-YNR/&^<QW/__N`K'/OO"T6$4
M(?8HH(`&&JRAAF=P&&3"(A8LP)L9`J#/'+TLRV@?$$,4<402/^+(0X0HFH@"
MA-:0J"`0$.KEQ8$FZ.6?-1!0<4=^#OI'1XH0N`A('@<2\A]WBN0'@XL$4M''
M7IPD"(,;SY%R1XL\/!'%D++ZYQJ_<M`H'@;PZ0`AOBY*<RR=!G@,H;+4C`,<
M%<ZY*,ZE(N,**I'Z]/-/+S%:DRMXHAH!GQPZ1/_Q3J`T:B>MBZ;Q*M&+'HUK
MJ1=D`F<`>.S42L^,VGSSH@[P`90=Q`!5520WG1IT45@IHV^-4I#AH!!,(!!C
M5SWT(&&,>H*M9X%AE3#$V&&+S6`UVFY3([=G%8A6#35^(Z.U#(8SA`DF4D$.
MN4G"=20("`)Y`CY"?+@DF`RT\P")!P#XX957Q/L!F%#R#0686HP0``87_(AE
MC?C^"\`<_0CT#T!%/QJ00'("@&648Y9H<)MM&BC@01PDQ*'"!K:!`1;Z[(OU
M'Q)35MG$CE!4DL5_>J'(1PHFFL`BA8K$``$*>J;@QG]J#K)))8U$*$F=B7[R
M:(IN1NA*%;.T;$L/NQ3_*YRA[!EUJ`$\'?15G'2*PU-&D[HH'`?P8>`P.!O-
M\R:GH$*T,+H+4T$DL00%=;)S[!&)IY/;-CLCN#`:Y]$!XGD+4IS.Z8`MNU[P
MZ%6Q1X4SCJI,1=4CD<2I^W.9''-U[\!+=_@?_L8Y!YT``M#A"=@Y0,$2,4BX
M@+1DB25V#&"+32VVVFSSS5HR>'"-C0^4($X")JHX3KEPHY_$D5:"((20(-2M
MX@,@MGOW!@!>P8)>>>=H!HUJMJD&#31DV+=?,2SA@(,GWGN8''/ZN^P<A@/D
M"N+Y8$83\X#$`QZ0&XUMK&.#J`'(:G&N^KPD5BJCH(A8MJB7,6TB/B)2C2R2
M_R,5\0$!0/.(T"9RI',4S6A(4A*3GK8CFD7MA4626F6H9AFKJ8D=^("'H/S"
M-IB0#B%B(YM31"#$?^`)(>&`R@",DD2W009N.($*`Y[XD1S6!(E.Z=*92J?$
MQ5WJ(N?0B0K"2)D5>`4<+RAB$*=XD2:ZQ8ASVIQ&1"(YIXAJ=&\T71_/ACKZ
MT*<^!H//ZVY5.PLDCUC!`A;O4F&(W)&&$TI@`QNN=2W7+$`)92C-\K@%A^=!
M+UPI("4IJ9<]4L*!>S?8#A*\(SXL8.$[;+B!#&2`L6VPKWVV_`(PC`"#0/0!
M.O\QV3\4U;^&?02`\PF')GBQ"AA`(S<96U`1.H:#&O\P:`D<.$<$3U9!<%[0
M946"&=(*PD&;X:R#!*&`I\X!`G>XXV<(,6%#9*1"?AS)G#MRX3^@1A!T4B1+
M_YQ(#2ESP\ID$2%H$1U"TH8/LKW*+P.0HU-6P(`1M$,C8/Q'//"!*,&997);
MQ$@5K^@1A:J)I%C$F^DX^H_"960H^'AB3"<3CP$<:AI:Y.,_<@`.=LAC+"+P
M2QTS(A*-YO$O>Y2,'YW:'V0:,W7IH"I\GM`',,"`!!:P0#T,D0JP@K4>C0R6
M!#II5M&4AEO!8&LPG`!*Y"1'.8Y(@2/L:M=27J*4/N"K(\K`@U:Z4EZ@B.4<
M?G"+:$U3`1A#0\BV(0,%A*+_7RXP5P#XP[_^&;,R$$,=?XPY,0$<<+$6LB8V
M*P0-%)CC$<6$%3@K*$X/99"%&T3(.IT&PHE@P%,GP,`$)L"'"1RIG@0YDLQ4
MJ,\6*FUFM96A/Y5DT,D@E#(I#0$X&.#%I]!);SW]*0-V.I8<?%07&XWB1>ZV
MN9=NMZD>,2D76\K3]7(EI;%ZJ:6TXA<S_L.^E2G5"/*KTIYV("HB_8@(Z)@J
M/(9M4Y93KU,=;,QPM(Y#!)H/PC@4#OX5<A26<`$)MMI5WC&!D;P;@P3&L(43
MGYAYW7JK$QP!AQ??]:X^:(4/Q``!/00A"*UH!2GURM>^?H`,K$1"D>6%A6Q@
M80X\_Y@#;W2C&UQF+&2]Z:417``['>B`%ZT#D(=>8K+]S(=6,X#&`QC;H`)X
MK`"(4(`EQO$(32330ZZE(&PM(]M]&H2Y!7%:SFC[#Q`L-V@J*BX^D9NT&0IZ
MG15)-)90)-W)S!<J^0W!"*[;8)_4)<$X(2I0*QI2C<C#;QI-+X#CFY'VXF2^
M;CRUJM\;N)?:%",FP4=09#V9RF$Z(Z&3(*>+BF"NY/IMK7XPK"(L8<Z&`V$`
M>HGJ'B&"4<@."I;`<04D<.UA7?O:3(!#M[=P[2UL`0[AKD`%'%$!'O-8Q^2Z
M'A2D?;WLA0O(/JAK&;1S@R(+]A79N,#XFGR#Q0;\R8O%6/\#JB&#+Z@!&`)(
M0R&@XSI>\.\RJ-OL="P>CD>,`YK0P&6#BE`$1'2L``]P`3G&@;!OTCEE=JX,
MGA6=3APM.DO#Y0/0AKM"XQ;MT#SJ)T%[M.>"-KJY4VM9U5[M4$NG!'%O`IO?
M&,!@C.C"5)LN&X$3THX1L&,%I4;32A&2:I8&RM0X/#I]R[M0QF'D'%#AR:VY
M0L:ECETC+R`*=@M\8,ZM,=@+9FJQ_3B=94,,\/<S^8`PG+#IP((#@:C=A[GZ
MF7)'OMRMT(.NTH")8(YB%;%`QA.0L88UL.[8_WD"%"!0`4I,`LBDG$09YG`#
M-.0;">$#Q04(^PHRW#+*&,N--Z;_J?O'(AP8%H#!#(1Y+D'V1W^:36:'+*Z?
M_SQ"^L]TP1(>$+($EK8(#7"!?'AACI2K?$0LIXS+_VQ;=0KZ!"?LT,WS><_C
M(J04R14Z0(%>D($^]]%%)[O8.^JW9+@&K^@A7<.(H=`[I_"+HO"(]+H&NA`'
M`1L<*2*VK[.NDP*)LF.U_LN;DXFUM!,4HH`'M[,HF5"!Y=/`C=()>U`<7P.J
M5$DJ!6NH"?0[&C2V<^`%'8"%0K`$3,"$-("`'L2$ZRD$%)B?4:B?UD$'`'&=
M),2L`+B/<>"%-*@`.$B.24@!OKJ$2]@`4>B>!R@R7#"R5]@%4"`L6FH0Q^(]
MW7`RWG`R_\C*#3:H!8#I!>G+.*F:#F1B)H;I-=01@4?`P5&8`0%0@(O1&$1X
MD`:``1T8!U@(@/`3OQ`AO\DPOW.Z/WYPFE)8M",)&@SHQ':Z"/<K-!7"@/;K
MQ-ZBB)Z#(4MDM'#P.8*`KK&`M+%8-:P;@';`!W;X-+"YACG!AQ?X-&,*`:@8
M`:JKNH_H@$/Y*0D<J9Y"-0MT+_]#P>G*P$6IKP\\"TMS.PSSB&M@"S.!KX](
M!IE@!P=H([7`.SM"0`5KE6&K07>TC$`BI&-S'>C@'WKDLH9))G1H1/J`#Q00
M`PO8@KB:A`W@JPW8`$7X@#EX@-A#A&<@`%M8!AL`!1,P@5W8A?]LP+<$HB8U
M9$,J<S(%D`$T4(-0$(!"J!^JXH]TF$<FC(_4H;CY(!#HJ`]G@H49@(3M8)^-
M>88:$(!S>`3_:2U(M""/D$6NH$3[^Q&8BY*F(:%S*(7=HB="@S\5DIIS6(,9
M047Y8XBE44J!BAD:<30MX;^$RL"+LC1UE+M04\`XZ(#'$`%XR*F6`$90^P@Z
M.CMPC)MG=+5H!!N^Y$"S6T:T$Z-0\QNLV"@5T(7'"`=Y@!QQ2":_#`=XD(F[
M",",$($.,$Q@4RH99$8*?$?0]`C569US*$UT6!W,:!T-::,`T9_1"P?%$P,O
M"#<GZ((HB`(L#(,P,`%1^`#`^D)$(`#_X93(7;"",+`"$]""6[B^!+*0-'RR
MX6$#W[,E&2`#&@`##GB/`(@=%$`!*/A.\.S.(J2?+(N.TLR??LS!0(`!2%"`
MZRN"9W@&2-`!H)0SRQA*HM0(HW0*I-0SKR2(F\$M5#R!ABD%"G"A4*3*HL$`
M`KV(K,RMF%FTI)30$\A$KN016.2*_?Q+C3B'NQ&)"Y3&C5)`?+`'<5"!.-@A
MD<`+G.`ZD^@3JRM`]MK+L`-,-[('%<A1'<W1=@C15:M&O!Q!A$@'K.L3D#@4
M!HB#'!T`C.*[O!3-N8@*M<'1)66`)C4JC+BCO6/'&0Q-+W6*Z4@=_I`/C#N'
ME<PLC/`?_C`8_[U`!H`L@RJH`ML\2#H-@S?8!7M3`R1H``-X2%L`A#=0!BWX
MA5.P`BOX@>VX/@NQD"BSI=T8GNJL3E]*`_KI!3#`A&&``$U=-T[5U&'`A$)`
MAEC@G]0)A]#3LBSK`P$(A>N+SR6`A9><(/P$$4D<"R69@$X,RQKIQ`L=".#J
M514)+@085H;@@UP-UF/%)WXPUF%%`%WUU6=5UDO$IPQUB@VM40:LBU/S2X2`
M2WOX*)$X%'R(@_&R*+P<(Y8X5[7\"+!#J0RTB56Q+AO]413Q0,(,#+^XQA6P
M!XRJ"RFU!P?@!<_DBG1(!B8]B3X15WMX@1!%"*3:N\[\E&;\4HI=(O\-N5A\
M;$V*RX@N4[XH?()`T`/BB%-%L((V.%DKV``MT((W*$,;Z($>6(8Z"%0M<`4S
MH`5::`$^J(-EH);%0H-<:BPI`UI<>E1K<0U#$(4J<`0@FP0M?%JH?=H4V`!'
M"(-6N(-U&P8H0`$="#V5Y(5TX``8J(4;J(9G"(5>P*Q'',I:/4II?5NXC5NY
MG5NZK5:<N%8&%`=QH$N8$@<@P@@1>`'/&:IDR`$5.-$<F`9SU(AN%`<;%93#
M=5PC$MP8Q0@'$(<7@#HXT5M@#%R]_=P3_5R&W2C.-9W&M=%DT%NNF(;/]0@1
M6`$1U-MV2`;-]=S*S8AT6`$'R('/;0<'6`'_S7T*O^4*P<V!Q54+RJU8Y>78
M"&M>U>PRF&1>^DB'^4`''<`$&N`$TE`%43`!12A90]T`*UA9+0`%,ZB#.C"&
M.@"$)$B"0S@$G)T%,VA?```"W%"L*&-(HMT&*B.#V#"$!:A"@CQ(I[V$`H9:
M.CV"#5!@2FA@2@B#"E`&$I`"3T`!)/R'="C-6``#2`@%)/`%:6C>M87$MN5/
MNCUA%$YA%:[*_5M>%WYA&(YA&9YA&G8JYUW"YK7/L_F/<4C)``@$(P@-0U"%
M,B@#4>C>76@#0QU?+;B#FIW?3<"#*YAB.<!9*IC??%@&`*`&V]B-WA@X_L4E
M7LJ&!;"`;CN"VTSC_]NTS2BPS2Y`R.^M`D6H`A.@X^_U7D6HR#)X`R.@@$"(
MA>D=!^OM`Q<P`DB(!4846%F=U1+&B15^9$@N$F.UDU)PQ12VVT:N84W>9$[N
M9$_^Y+'HLB_#PZ#TCX2`#PX``ST(#558`$XJ8B7@`1X``B!0!3V0`GYP!2TP
M`RXXA"L@`FO`@WR(@?:-@7SH`5N0%R"0Y>%IYML`AML`C@^P@.=YGN]5A'`[
ML2U@`E&0@"(NXFR8`\.BAGD)GWFA%W1&YUO@8RD(A*Z5#_[QPW08!4=<9/S,
M9(^(9'W>YTLDH1.(5A7&Y*(D2U`N:(,^:(1.Z!J,L`DCD`'1$*?@C^TL!/^`
M9.4%N(`RN(`+R(`Y4`,9>(`;,$D.<(8#Y0-7.`0\(`)$,(!-B.)-.`2(3.8?
MD.5F<>;;:(W44()Z&#=*B.-Q"[<M*(.@=F554(5L^``E,ZP?Z(XP;&I;@,CN
ML(7NB&H`6(97``4+2`-SZ>&49$0=IHQ9I=6!7I1R*&NS/FNT3FNU7FNV;FNW
M?FNX-NL]N*(5H(.XONNS_MN#(FB%[FN__FO`]FME([P"N;``2:;Y>`)"6&73
MN.@/8`.-]DU:OH%0,((^X`70JY4TP(`>((`P-`#0!FT"<"7PD>5L8`WAB>8O
M8(,O>`U(&H.>1DX3H(1P^^8R^`#7B*57D&4@0%3_#\`%X`YMX1YN`_#L,.R.
M'YB#-]`#3W@"<]"$Z:C/$18_?-:(?KAN[,YN[=YN[NYN[_YN\`YO\<9N1,`N
M72B'\4[O[!:"%@YL]WYO^(YO&!YLP1L\AF$^Y0N`0B"!TAAB5?B`"Q!GW@8"
MA8,!;O+#-2A-9)`"8QB/&_CM/L4%`_``5JI?)`,>,N"$+^`$#M_P;%F`,>@V
M.J[(BQ2%(D9J+)!E:N"![Q`/J28``[`&(IAQ&L\$&F<`(F`':]AQT$:"T?8`
M:I@#+TB#6(`%$<`X^IANE:ONC%!O)W]R*(]R[=Z##KB&9*`#*1=O]AY+^>YR
M+_]R,`_-_RA-.Q'D6!"#_S)HY0MX[`P@@XZFEM[V`C`XEW2(F&$BAU4P@GFQ
M`1OP[/C$A>YH!B!8\0_X`%5H<P[/\-3@A'J0`!1S].XU@:->\Q0?<%H&#P!X
M69B%<1F?`D_W]#S(@RG`ARFP<1N?<1Z/\%?R`BEP./Q00B6G,R;'B"RO=5N_
M]>N.`$2(`%SW[BTGNC`/=F$?=F(7D"4Z4]6)A33P`K,"\$KB;6J@Y3DP`C!P
MCY(Q!PWA#UYP@5N@2!O(!UP0SM$&'PO/AB+6)$N:I,;6-K1RY22;@TKG@?J=
M=U;JCA[`A<[>!"*8`E$/]1W(@W\/]5#'!U'W="(H!VLHAQYWI1_P`AK@IGZ,
M=?_7FO6+Z'6+OWB,C_)?MR&^+G:/_WB0_VN-G8_2!.(+D`!5P`(VD&4>:`9J
M6/%I-Y=A&B0>/KDGH($]CH9#V(1\LX4;:(;O0+)L\(P*\!4+J``F8'=16`!5
MD`T!IV7Q`)\*?W`/R'<BR`1_WP&MU_IOV'JM!WB!+_B#MX;B%JQ;D`)`YL-%
M">M]H'B$2.]%0(0]6`>Z9P$Z6`3OIH-*J`1>W^X(V'M$\.ZXKP0ZX/5*H`>Z
M#_SN1@3"7X1%J`2Z7P>\]^Z_GWSPC@`6B'P64/SPWOB]#GG0#WW1_^2.[>%S
M>!T]2//_%F=Q9@-@N``O(`$8*(32Y`^+,SG;)P=>``/_+S"!;[<%),`%8DCF
M\!!G+##B+6@%386`(.CFHO[O;&&#.:!E-4!4`)CZJ69J&-=WK`?XK>_Z/_B&
M\-^!KO?Z@/]T8+:&9PA#6[@%9]`!Z);X<!IK%!GO"/B$:7B,:^B`O@>(?@('
M]DL6(@0+@@.Y'<RAD."B3R%6L*`7S]P_3>L>#KP7H@,=B>3^D4/$42"+#O+H
MG!RX:-TT$2/)B5A!;U'+@4+^\>SI\V?/`_J`$BUJ]"C2I$J7,FWJ]"G4J%*G
M4JUJ]2K6K%K#<1T7;MRX`$\"`<OVBL><.<",Z!$#`5,A%!S0G0,+-IPY<E[_
MC2,7[HF>,J!L_+@!P(,M`(;G__S`\D'4%DIA@MP)(BI#M@P9>)#A`02(XF8W
M1M_P8-JT+0]("!"P1F3*E!W?9L_^4YOVMS]_=O#NG>=WGG+6RADP0,P6!EB:
M1DK=Y_PY].C2BPJ%FG,@G6D\QX68)D]$AP@MY?&DQ_$33P<M%\'[=RZF^Q`B
M-I[<>:T#3Q'R37*,<(XG2^LYP-,Y\4QS#4;G%(-33CLY59U6$4HX(8456G@A
MAAEJN"%07(7S3SKG/`&&$3R8>(L1-/3!@0X!Z&6773UQY5<X`;@88B%>?$`&
M$&H4IA@`0/PPAV.J5&&"*V'<<<<%/7ZA!I1JD'9#-52>AAIBN!!0W&M3Y"';
M;&#BAO^;;KOUYEL>L%F#B`$$&.,'+Q\V)QV==%(WU%/7]1-!,CQ=\TDEB-"Q
M!POBG43>/^8]A-X_ZIT407L]3;-.)2SPQ]%.7I&C"SV5,O@0'3T%R-$BW.3'
M#1V(5'+/?]?L<9V#34'((:VUVGHKKKGJNNM2'GKH!PQ>>&&$&&#T\<0H.N@0
M3CHPAH..A_^$0XY?-@;PU3G(T/#!!YOY".0//[PR1S;9F`#*+Z[<(449/48Y
M9375>%":!_*>9@L!/11G#6Q?\O8-F+KE9EN9NNU@L)F\_38%$404!P@J<4Y5
M)\70W6G==<6,--^G_73\$****L2HHZ1&^L\U$7R,:4^Z7-K_4J@`MH0(>>%P
M\^DB#@H!ZU.S\OHST$$+/331NOK*BQ]@N(!"+"T&P`NT7\'HE;5<D52MC74]
MH@,894B@R@=H%1:NN%A@D0TH9D1CAA9!*$/:`S<\$"\2\MIK+V(>$(#OEEW^
M=B;@!Q\L<)F"`[XP`T1LXHLG$L]9,<47YYG3(B+P5(R>"H5\7GKK17K.JYD[
M>(ZAU\7\SZ@/K8.1+J4+A,B'YZQ,4*Q,^5PT[KGKOCOOO'-U3@#*MDC..1^.
MPY==U.)E[;4_>3A.L^'H((8%9921#19"`D`VD:#L8@/X@"R)A2VV+(.O:DB<
MIOZ]N/"]I6M>`O>EOX$+7AO""><Q_T*:L.%APS`"0!7(54QR3KE.)7KBNLQM
M;E&=.TG.>!*>S/7#0<F@X.E2!Y%(W0,1$?`@"*\ALY;4;BFWZQT*4ZC"%;+P
M*AZRUCEB."U?S8A:Y##'M:SF/+MXR!)ZL(`H5)$-SX1K>T3*QBY>88-E+*,.
M=WB##:(!OAX0``E65(UIU(<+O;VO;UWJU_SHMX/Z_0M_NTG8&/.PB#S@X0Q2
M@-;$"%@G`S;E.O3@20@H2)`&CNR!)DO/[%CV#VY@4%2/ZM,_NC.-13+R/_](
M"`E[AJ<64K*2EKSD"KTR+:\4;X8T/(<-;=BA[2#O0^3@@`\E(($R8($'U`#`
M*]60#5&81?](/5B&%K3`!3.8(0GY8`TND+!%7`S3`\3$5Q<)0,QE&F`31,@$
M-.4'G#.943;_4M@.\&`&992B>5&1XQR)<D*EV)$G\M#C0/A($)()B"?T$1U/
M*E'($3XD`OAQCPCRJ<]]BDR0LIHD)@,JT($2M*#_"%X?6L&$8)3+,P```!96
M:;8G>:`'7+@H%ZC0@D,X3$O*5)\M<-&#\MGB![?P`@FDD`9/0(&EGO!$&EQ`
M`R\8XP=Z,T`F7I,F,O+&-@#K33?PT(-HU`$53Y`35,!I)W$"E"GE_$<\T"D0
M=>K$CP]ACSOUZ*"7Y22#AR3)/5@@UK&2=8$**:%2QFG0M;*UK6[_Q54`T#$.
M3+1"HCSX`1"H488QE.$#<Y"2+7I@!E=<-!(MR`<>BL,:8(;4?*]X`PE6JJQK
M0<LKXT#'&M!1"FD$(E@_8(TS=;H_:Y*I&]VXPDC!)P4.(/4I2IT.4S'6DCT0
M*)#C*4\]$5FRJP[H'^_4TU;GB3H(#B@<69`J[23YUN4RM[G.S8J-QJ&#-`1F
MB+#,A@284(8,0$EO0S7#1:E`A1C@81.*]2B^EN$%!/@!&4]XPCG,,:U03@MX
MO+`1+/H`@YI2T0#\FJ:8OF':*RQN>S9X`PK0P9>DOM9BL9W<>BSG6ZEJYQ^?
M>,@>1-@HSV65@L'-G%=/LHX/31"Y%53N_W-3K.(5LY@G<44'.IZ`"0L(D0=8
ML``3OD8&*>EM$X?(1PNHH`UMQ$`.F;!&<0R@I<08`04Z&(<(UA"+^%(K+U4^
M!R_B!$IR\&(-*)""%P"`+P.(=G#=`,=I>S!2#P#@P%#XRH*=TF`'`T6M2-%3
MI*;!U>O<0X*N@Q1S=JN01?3VMSS[QYY/$F*.5"($?/G$RE1VZ'^VN-*6OO1`
M-5DCP'PM&Q>`0XX7L.,;$&`3IO;Q*80LB1CDU+^L\<`M!.#D^?)B6?+U"XVL
M)5>>W!#*3T"%%UZQC+YY:02F/>TF\N6!N/W`!LKP1&OE/&?GT-&IIB-/.CH0
M.H_MP;:5^)`(%O\DD`BPJB>"WF"'X8EHX6H0(GUV3S%*]Q(A)#JY#VHJIO.M
M[WT3+2QQ?1882*`*58QA"UO8+I1NH&93X_002="&)$B!AYQ:(]FW2`,F.+!E
M:FD"SL[KBK/&L34.2.%[5,0#'JZ@<@*K>8O5$$VS09&&3D9;*=.F]H,/J*=*
M(.H?\M!%,O13[SW!@SG7T$4'+'<-1V^8N.D&+D^&KI"8D2XG$9@&<\[1`5U,
MPY%2/_&]^2WVL9/]5E2#LXQ)``<G;$$"W>)Q#TR])0/@X1"2N+L<\)'330#@
M#7J```I$P`LL\Z+CQ^,)L\)1O+I([2MKD`<,,&"$<P%B&?GHP8][D`3_-??`
M-"^_P0\```HIB$#Q-4_*S?=1[:5D;A%T2(8C>W(-J2,"K?-81Z3.[9)(&;I!
M42]DN/5$AWMHV"?DF/VD;8?OLC._^<ZORO$T*2((K%V[%_AK::B8["1G`@]R
M^+X<KE!>4&SA"$=HA1Z"\!9"R.6]3Q">LMS_!`YP``4H@(<O/,"#;'S@>J!(
M&_C8``#DWY6PV?:\`@W`0K1(V[2M'CE14`3LP3VL@#S\W,U<1P30@RY08`=\
M@LI4`C=PP[9=U1Z$8+NU!`N$H%D]B@I4@FU!1"5\0C)4X#1P"B*\(-A1VO/M
M(`_V8%(<GK0\"S)07Q5(P`6PP1PT@VEX%&L4_\<F9,(5@)\<'`(>+$,57*$3
M9.$1.$(K1%8:I`$8A&$@C.$8@L$70@`$D``N)-L-4$,&<,(%()$)O`$HO,)A
M/,"5&,9GO`(,K($.,>"<.6!2F!@A%J(A'B(BGA6*^2`C-B(/:EJ-!`!='4';
M^140**$569%'<<F77('#18,MO`)V,0$3;`$<P$$5F%\7K*(BI.(14((34(+Y
MP0$E4H(-9`(BX,(#J`$;L$$&J(($0$89W-65/$#<D`86I,'I+47J">*=)2(T
M1J,T1B-:)86=.2(V9J.ET8B'/$$0P('!E0$2`L$-9.)J-"$!L(,U9$(>H!;X
MA`L6#%QV%9P37&$5U/_CVFU!%:!B/59!VTF`"2R#-2#!`\C`%_2B$JC"`@@C
M%A3&:52):83>!03",MK<S3GC44RC1FXD1T)=V&DC2(9DI=$(7Y`#"K0".#+!
M![`!#]"+%5718G&)EQC`#PS;,@"`C7T`,&87*98B$XR!3P)E3TK``BS`!YB`
MOC3`+O(`&W#"!RQ`&53`%M#2*]!+`3Z4%Z!`'#5@SM511WXE6&YD-2+%-8JD
M69XE05&+M`1/&IC?%EQ`V)!C^E11F]2E,T&3OA@`'<S+#82"&AQD!BA!42X`
M4:J2!=0#40YF&2@!7.Y"#R#!-L@`&02F8!*FP1T<,1:@8?P``O#"5@9B5UK_
M6UB.)FD6XE@>Q0$,@3ZL)FNVIFN^)FS&IFS.)FW6IFW>)F[FIF[N)F_VIF_^
M)G`&IW`.)W$6IW$>)VN6`#,85@LT9Q+$`'1"IQM,YW06&?A!Y_>Y071"9Q)T
M9PLD07.&IWB.YW>V`)%I9PQT)WB29W-NIWNV@"D`9S.&)NN5IGW>I[K)RA`D
M`'_VIW_^)X`&J(`.*($6J($>*((FJ((N*(,VJ(,^*(1&J(1.*(56J(4JZ!#(
MP@%L*(=VJ(=^*(B&J(AZ:"Z,:(ER:"Z<Z(:J:">,J(MZ:(N:Z(O.J(C.9YTM
MWR#BIX[NJ+W)2B/X`Y`&J9`.*9$6J9$>*9(FJ9(N_RF3-JF3/BF41JF43BF5
M5JF57BF69JF6.FDC'`!:#M!%TN<#\BB9WN=I&L4!_.B6KBF;MJF;OBF<QJF<
MSBF=UFF1=NF7?F:#8:11"(&?_BF@!JJ@#BJA%JJA'BJB)JJB+JJB%I_MJ*F=
M1JJD3BJE5JJE7BJF-BF>YNDWA>F-<BJMI&FFCBJIEJJIGBJJCNJF@BH@[JF8
MLBJ%B&JJSBJMUJJMWBJN^L.JPBHS>NI/E"6O8H6LYBJQ%JNQ'BNR3NFN!BM2
MV.BOXBBS9L6P)BNU5JNU7BNM+JM4H$,3=$(GE`)/K$&W@D!KB6L3!`6X:L40
M,`)4H(,Z>&NZBNL!D"M?@/]`)ZB#@HV#O<ZK@H$I5WYJM%;(M&(KP1:LP1ZL
MFVIK5*A#(VC`$)0`"/R#+`R!!FC`N?:$.@B"':2K'>1"A*PK5#1!PSYLQ$XL
MQ79".#`LQ>8".1R`PU:LQ_HK:`)LP$[(P"(LSN:LSN[LG7JI5:R!.H"`.M@!
M*S2!(#`""&A`":P!QFIL`O!$QWXLNSY%*02MT;)"QB)M(S1"*<B"Q9:`!O1"
MPZJ#RE:%L_H$L-:L5-PLS[:MV[YMLBIL5*R!O0I"+B2`(#`M(PB".C0MWIYK
MU.9"(PB"!K#"&FB`+!0/*S1"+R2`!@A""02M!NC#XS("Y0Y!Q`[!UD)N$Z2L
M/@C_0I>>PP&`[A#T[4^L`='B+=/F@B`8K3Z$`^LV@3X,P;TV0@F8K:^B+;2J
M+56P+=S^+O`&;ZG*+50P@@;800F(0`D,`4\<@!U<[#]D;)J60"ET+`@(@BPT
M`2.LJ]>"``@T`BNPPA`<@,A"+,7*KAUD;R,,Q1`(`OEN;2GH0R,T@>/:ZSY$
M+M/Z1#B(KSHL[X<T@1UT`M'^`P!W@M':P1"4+N[^Z[/RKH3XKO!&L`1/<)P2
M[U.`0"[,KNPR[S\XK^E&K_MVPA``<"ZP@B"`ZSF`;1/0;FJJP_$FL!W8`0@,
M@<<*L.6([S]DZ$CD0NG&</O:P8;R;8>,;BZ$P^SRA``+_S`K$+`@=(+XLH(L
M",(2RZRKTJP#"RND4K`6;S$77ZD%0P4YV$$"[&W$BF_$\H3TB@#E=JP),^T:
M@&TI-((LE(`^G$/%'H"W-L$,>ZD`\\3V_@/V?LCV9JP^>&LGB$!JGG%/G(,)
M3RT9_\/>JL/#HD,D3W(*<[">OA:?7G'/9'$7?S(HA[*1?C%3Y+$)Y\+URH((
MUW'3>BD`6V^&JL/VYL(XF##M_L,3OZL>C^\_]#$D,V_['H`+-\(:S*X!=\(:
M)/)/Y`+R-H$>7V\A*^T:B*_@$G,CT'!J-L("SVP#<S(6BS(XAW,HD_)2B*\@
M#('A_@,/DZQ/2*][R$+4IBGA,O\"TV9L(_Q'*3@NX:(R+_OR'ZOFX$8N.8#`
M[!9N,F/N3Y3`/L0P]HZ#\2)OWQ(TZ*H#.?2O($#N!S\.-^NN-W^S.'\T2$<P
M.4?KV0;%[G:TCX:T2J]TVXXTLY9T\YXT2IN0)[.T3=]TM;ITL,)T!\OT3%MC
M3>.T4`_UK>HTK_)TVOXT:@8U43>U4Y.J4<,J4ONT4J,I4S\U5F=UI$8UJTYU
M5:_M56NU6(]UFW(UJ'KU5T,%!),U6[=UE9HUIZ)U6C](6+NU7=_UDL)UGB*U
M!M"H7_\U8`>V8`\V81?VB$[LA2:V8B\V8S>V8S\V9$>V9$^V@&:H85\V9F>V
M9F,V3ZLW`W)^-FB'MFB/-FF7MFF?-FJGMFJO-FNWMFN_-FS/YES/-FW7MFW?
2-F[GMF[O-F_WMF__=HL%!``[
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>b73233a1b7323301.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 b73233a1b7323301.gif
M1TE&.#EA?0!H`/<``(R#>L:YN#,S.;:XQH5Z=WIV=MG7VH>*E:FEJ"PK,>?2
MT'5J9M?;YU589K>EG)B9I*>;E;BII7=XAIF7F<>;C\>EFJZ'>&AE9;B6B<>]
MQ<;)UO+U^O3R]&595\>JH]BUJ4$]1-OC[R0C*3HZ0IJ3C$8Y.5=)2;><F-6H
MF3`M-$U+-\G'QVUD7&5G=7N#D\6SK+>KLZ>+AGEQ:UI65J:=H[RRJ/K^_N/:
MY&5<8:JIMS,S0-3*RBHH+4%#2S(P-?[^^.SK[<[5YO;Y_2$A)?7M]2TP.#T_
M2OKY^M*LIJ>5C>&[K\3"PS@T.SL[2*RCF,S%O8)\A8R#@I*.C=2ZM=3(O-+-
MU?+HZ4M!01P;(4E+5$%#4:9\<;Z\OY2+A(Z1F^[N\>[S]R`>)#HY/?O[_;VR
MM.;$O.3DY2<E++VUO+6TNRPL.?W[_DI,6=O5S;W"RE-,4H5S;!@7').,EUUA
M<9-Y=5%37OOV^[6-@_KZ]>'D](2$C^3CZDU06GR#9G%M<;6RL\7$S,O*S8MK
M9S,J+<_#S%E13#4W0D5(4N+I]I*%@D1`06%+29N-A9J.C'):6#PT-(Z+C=C>
M[RDE,8YG6HV*@<K0VTU+2\?`J%M464I#2OCV]-+-L9EX:^CGZ_3S[KJYM(2#
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MWR<L-]BPKT5/0E577O___R'Y!```````+`````!]`&@```C_`/\)'$BPH,&#
M"!,J7,BPH<.'$"-*G$BQ8D50,S)JW,BQH\>/($.*'$FR9$D#!&<XM+&A$BD$
M`Y:X&5!EPSJ+.',V5,<!B+HO*VA(`47I5;Z4*Y7MX0*-"Z`,&E"I4_=OG56=
M6+..^=+)D[X_V`CT:65I!=*&RFR8<0.HRA)`>]:,H6KU9M:[%M6-X9#OTR=<
MK0JT:G9TH$JTRO1Q">0VT)>I[:I>Q4O9X=3+8PQ\`BNC52M0K\P:=M@.CP$N
M&9[N^-*N=;NZE6,OO*QWS!)0\D!Y_FST+,,?IO^D0;-D=;L?K6'+7FX0LZ8O
M7%JY$FRO%;8"H@4>9MA.4Q4$"-`$_\C@"1[RUY.9J_]W&?J?"0C<3/`\(9^?
M[/^VS]84",;X\1Q<MMZ``_WP@R;ZX#(!+G[5`\H$]=WGVT+K>+("#%4\D9HF
M[%%%X(#J:`+$$O)``LD#D$B0!B"X0(-#8=HYM(8G2\"000`!$'+$5!\2^$4@
M:7!!@Q<(R$/#`X$P8$`L%^`W@X`*K0$=-C!\$D`5FJSCH65Z;=GC;%-YYT8@
M7#"`!A</5!'('AMT4@443M(F)VWMK$$.&1/0$``9&>S((Y<[?MG0&&,`P4$G
M!C!0A9H,[/$%&$=$*H04<<YIJ3IF_($`(6200<A<?^ZD3J"",G1$3U\8L(0^
M!G!@!Z%R4O^:TJ5SCE**IC>0@485M#TT%:FE*C2J/FKJ\P40<\E5VU2R&F;#
ML]#2)A>LMVYJI0%:AGJ0.LAU&^*.H$(9K$##ZK,"!V-H$FZL3D+K;EWPCO$5
M#/ZA<<-#W7UA!JL&&&"&H>!Z&>RHF9DQ1J14"?Q/L]J-88,0[\)KE3H&("!'
M!)^0L8=EAQI`)A?.<+&8/H;.-2ZYM0%13*\*,YP?Q`Y#6]=EZ_Q@`!H(W/C'
MQ@T=L4<G*^2``"E_#(!`#FZ@TLEC)W=H:4(NSR#$U%/;0.@:6+NCM3IMH)&!
M`@%P081#8YA1,2X/@`?>`S0DVHD[>-%Z5]0;"%$WU81>C;4R5?S_D<$.&HZ]
MDS(<B,S%$DL$LD(:.1CPQ:MQ\]BEMCE%3?7=0AR1>=Z$[O`'&FAHR(%E/ZB3
MS^'YY+-"()]@\QCE.?W*`;JPXV0YU53;(83N8VR>#P+T!*"A'?#0O`X[[,S,
MSA%`F)&IVFI[(84!!RM<E4#(9W]0\ME.5387I#@3B"9396^^0/!.-3.M=&_@
M_OOPWXW'[VD@'H`=>"@SQAI6(;_^!HS+@5\N\0DN/.$3$R`%%SJ!!W@<Q"[F
M<XT$VX$\=]`&"(!P@P9F\@5VJ,-\VJN*.K1TL%&,<`U'(-\8?G`$3W!`$Y!P
MTOO`0,,:@F$#8)C:*/*1!C,$X@D!N$$I_T:!M?ZE3QUXX`(VEH@`7"!@`@5$
M0!H"888C1,8@QP,A.R;8FN1M[5E@T$`00L``0("A?"`<8?J.T`GRM6,K^F!>
M,7JR@2_(0X8SQ&'\((:')9!"'TMP0B-LT0@$?$%B5YF*'92(`$@X*#=01(`S
MJ,>M[7%O9@]<A]:@M0$&A``1(:C$!HJG143R1!\<6`?6#L4!3[C2E9H`A9,N
M%S_W%<-A/^!"D,@`@1<08@H1J((1Z^+!4=@!9PCP@AP@(8]80`(!-$@#KT9A
MPBX-Q&J>N,'J.+`&.3D-A?LR`Q@\"<I*!`@SX7I'I#2!!TV0HPVYL`(Y2E&*
M-M2S#?C<1!MD4/\I@@F!<P][U@\^`4TRG$`;"+U&`-;@O_ZQ(UT9"`84H`"#
MX<"@4T_$T#LV.KF!;`4!B6A$,!!`!'3JY0AKZ(2F$`"!/VC`DZ$$PSNRQ8%]
M?<&=3X"%$RZQB9Y^XZ<\O81087$)6!"5!3#*3W/<Q8YGX2$#X`F`!SR`!"1<
MHT\-/9[5"$&#*9P@!E"XAJ[^0%;X8*D*GP@$$(!%L49,H0S\H,-"QV`'Q2S!
M<5]@:1L4H``(/*`2D0B!!E['$RY<@!5^0$`-*`$`2ACU$C7HZ2:(JE-*=,&H
MV(!%DV8U)W=!2Q-+L-<4IO`!;2"!'QG@0%:;J@DR7*,,<+5%>%:PA$__1(`&
M-"#$$@@`"C],0!/L&,@ZV@`!JFHC&/1`X1(*X(\+M$`>7(@%#5XP!6,XP`LO
M#8$;O-$.GBS!#S@`[PP*<`$6R(`$),!%%W!!@@E0`A0LD`8QI'&!`M1#'J'A
MK#J>!:MEA0DU5LC`"SR04`,<X0?*4(=<GE4,85S#`\:HP`D<<`U=_H$&<L!M
M%!;@`1G@8`G\4^4/]!&!TVKC!(T8A0&6`8<DG,`6F-"#="O@@1.<`!=BC(0;
M.E$,?7PB"A=@!`9BL(T%+"`*RPAO/?3P@'I`0P+^*$$)FD$,,;3`"[A@A9-F
MNHYGZ2]OZG"-)KC@M1MI`P,'M<,[?@`/>'27_[\*(&THD."!"+P@`VF`!":V
M\08<7$`;'G#``@IP2*O\P!-3T`8%;-PJ.1#@K4IX01+\0(,(\*,"%3"&2X,0
M!#<L00\S,$$S<("!"GP`#J8MPQ3HT`Q<8,,OV#"!">B`@=)>P01.J$$KDCJ#
MC;[#.XM!ECJ4<9QV<"`-"(#!$YYPC3O0`PUK6'/IVJP,.VBB#4C0QATPH(T7
M5(D&..C`,NA`@&W$8`HOB`$.2I$<X`C#M">(@";``(DH5*`:U3B!,1)!!@]4
M`,TG0$,E@E`)-T!A&(48A@D4P0):&(,3VD8"!FRQ"%A(%@97H(,QJO&!"ERA
M!"3XQ`*VO%$NS.`5;_^`!!#68![D<,``.]@!%R+@A&M<@Q!J/HZ6E.&)-KQ@
MP!4(!062<(T:?$(>."CN"R*PC&P\.`F.N$&[?T"%),0@!C!XS@2"<0(4?.`#
M2G!``+Z*@2'_H1(#=P8F<&`+6R1"UA8(10S^K>T8`*"GEW`"/4Q0ZJ![8!@@
MURRO;ZD)."2"$72X`#V(AX=1'*H4?97!!19`!VT(D0.C>,<:1G'MGQ/X#A:P
M103(``,N=($.#L#TQ._Q54<4``C*T$0=;V``@])`&`8`!#V2H`1KH,#KVH`!
M#6)@@1C0@Q1B=(DCDA`*%%0@!HN8Q!9B@`0*4*#Z)X!`'_I`"1(L(@D80`'_
M!:HA"!DX`1N;-4P(O%$*6WB`M$E8!BI&\0,B"-$*#E@&"[;1`4<L@Q!$8`?4
M)("E,`5\I0`3I@W7@%LY,',.H`1*@`)*(&&VX`A7D`8<L`>`P#C0D`$>>`UI
MX`4B2`,>@`(80`$H$`.N(`'08&->X`+8%03.D`C_A@*A8`Q;L`48X`@68`';
M%@."T`HJ8`_V4`-.$`K-]WMWX`%"Q4\$$0V>)`PG@`&A,&1T0`1KX!V$D`MH
M<`_W0`?;$(:.(`=$0$VC0`1$$`!(H`1ED&])\`1DL(('D`/]%H$H4`W-%P,=
MD`E[8`!>H`<N<`!>``BW0`@9D`.!J`=R0(444(6"_U`'JG``].(*JJ`*KG``
M#W`"'X`$*&`-'T"%&'`/C.!B)P``+""$T=`*)`!^=T`+M!`*G"`#H$``99$2
M#*`H8*<$H5`!,$"`,`"`B9`-RW`"R[`,]X`#.'`#FV<'1*``)U8!2@!A3F`%
M3N`*+>`*?K``,8`!M."#%N``+X!^A"`'%["">I`#J(`*J[`*07``+B`!+4`'
MVW8'ML`(D"@!#_!DNJ`+?#`+S``!*(B"0E<-4P``!LD(-,`%F/@`?M`*`"!D
MW!@*%I`$!$`#!2`&234.9&0`'R!^%.`!&7`LA``#MV`%R[`-&,`/ET:,VW`#
M=G`$]A<`J:<$_*`$QN`!G?]``RW@#PU0!W7@![;0BA90`52``#LI;K:P`!W@
M!SB'"NZ##"\H`7-``">PBU-`#W.@"G,`#8BH"[.@!490#G!0:@%9`8!##R>0
M!$Z`!@:0#VR!`)30!R3@`#50=KPH`;B`"_EE&)40`@9P"1^0;QYP"UR@#X%@
M+SO@"(MP`OS@?!5P#]MP"ZM`!*M0!=?@!">@!&N8EC<@!W4``EG0`-3`!S%0
MA1CP!%8@`9F@"(Z``5-@"R:`"09@!TX)!JCP@M88"^A&!0;@"G,P!Z[@`M#@
M`KJ0#%K0!,#0#((0?A1P!R]0!4B#9VB@`1H0"1MP!&"@#Y1`";@`"Q.6"Q)`
M#:[_`!H9>67.X``88`%;$$SUX&HWT(R+<`6"4'U5B`/;0`@W<`N%"`,0$`,>
M4`T5P`E=4`5RP`<M(`>^J0J0\`$W"`$TP`8@\`@G0`%*<`?9\`AHL`%."025
M`(^_*0$*$$\/T`*_2:*_F0R_@)RFT`MC20NE1@C5.0`#``C@P`#(@`J90T,)
MP@@!0`6E``/40`TM,!A.@H_0T`7IR0E.4`6X,!;.T`F$L`@E<`4H&*`E,`W7
MH)^&"`TR0``1!HL`,`$2@`,2$)X-H`HM0%H!<`')H`L@,`Q*8'UW(`@E$`OI
M"`3.`(_4\)NN8`!K8`!2.0=[^INJD`SH<`K[4`L"0`G5_\5Q,"`!.9`#U>D+
M-S0U&HH,R(``GT`.N<``X?F;K#`"2<4*[N@*47`"=Y`$H$`=_2`!&;`,)=`+
MC^`(M@!]5TH/A7@`\#@#.%`#2O`!G-`,;U`'U%`'?#`-R9`,#4`&.T`#T_`+
MO]`#"]![%/!O'0`%Z]@)D"":0=H`#9`&&P`-61FD@EJHZ(`..M`$1M`#K!``
M;%@&.)"L:.H"S@`&Q5`,&^`->X`(B!`(.1`(J#``OBFH#0`"3J(*LZ`++?``
M$R`'<S`-XS`._<`*"(`#IR``*9`"S_`(Z3`(IP`%MR`'R6H$1I`%40!;$%`"
M3=`$TZ`%SPJM;$`#5N`*Z/`+Y?]@!";0B11@#1A0"#2P"GE0!=20!77@K3WI
M!U70`FQ0M-[*!BBZLFS`!V"I!?)`!`$&K22K!;I0!VZ`KZ#T22'@!<&Y!P?0
M`M3`"JQ`#:*:$EZI"PUP`-!P`&R@!;\0M<]Z"DP`#$6@`\_P#.;P"(^P#3G0
M`D;P"V'9`WRG`"_P""#P#"L+K37["_1@!6SP"\?0!.7P"%OP>Q2P"R6`!GNP
M"G_`#%K`!SS9DY@0"]/`!S[9`--@!*]K!$T`EB3;!%E@!G;P`%J@!>70`[([
M"SE`0X@0!)'@"[[@`J[@!6[@F]3@#SS9!$Z2K,F@"EZ`B'2[NV!Y"L_`!#H`
M##I@",?_\`PIH`:GP`8MJZY%8`A&@`,!\`<)D`"UT`3H4`[TVP2_<(Z8>PSE
M8`@^D`VNN`6`BP9YL`JZJP6SP+K&R@=O<`@(7`>RZ[L](``C,`(K*[L#``2N
M`);J:@C`H`4/@`SE5+R^4+;0,*+4@`.LZP\C$+V[JPLN,`"Z`*V_<)S=FPY[
MZ[WE<`PZD`+I(`F.>[&&4`ZR0+(^:0HBD`HY[+U!_`NZP`8XS+<^4`(60`%;
MT`N#\``WD`>N\`N'8`2S$+5SR\"LRP>',`*&T`-\8`3X``RR4,$]X`K0<`@W
MVP2&4`1L[`*!%0D,$`EYX`O0L+!F6ZRSX),KG!*[^PNSX`(/_W`,6$O'>FL*
M^R``P!#$Y:`#YI``DF`.IZ`#/@`,%#P"ZVH(^W#$'`P,.)S$:J`#.E`$11#%
M6V`-M#`,C^`'&M0`OY`%LYL%;+#+2\L'?,`&1C#)S,`&(V`*DES!Y6"@]=L$
M1:`&LE`$U*`!>1`"D3!&OC"XX4D-/7G`=5#(AD&WT%JF-KNRW?O(D9R^]&L(
MXYL.*6`(IV`.IC`"JRR[AH`/I.RWYJ`#Y=`$YJ`&:@`,^V#'*=`+D_`!96`+
MCW`*."`'+7L(.F`$A\`&7QRUQGH(S&P($RP+HB```J"NF)NN^[#/AJ`&IF#'
M?"#-(<!IQ9L#ORF:QJH%42L&3D*R1O]P#!&=SZI<"P%M"JF0`$6PQMW;S)(@
M">2[P[5@QT5@"DI="ZF0"DU@R>:`PP"M!D60`/L0T+U0<0=-#$R0`EEP"#W`
M!I@+TU\-QEE@!`*@!NMZ"$DM`/LPR2L+#/\<Q,!@"L[<!'/0ER&0TGS\Q]K<
MDU(;T;+@))C[U'R;#MT[RB7-TZF`#SS-T[50"V$0!@F@`P*0#D<<T'K;U.=0
M"S5M#E&MRB2M!HYM"OB`#TQ0`O<0`$E0`BD@`#S0SA&]LEIP"!'-!UG`#*NL
MRWS0`R)@S/B@!D&,G$H\TC9LQM10"?R:!^#`:>+*!X`]MZ4KTRE1#J<P`L^@
M!NGPS^8@`J+_8-JF<`Y#T-1#4`O>/018@`62``SC*P*UH-2RH`,EC0^B4`[/
ML`__[+W-O`^FP`--S0-,$.`X\`8ID``^D``\(`MH;-%&4-M?S`Q&H."_G`4"
M(`I#$-#[H,_(^;V5G*CI:P@M4`EYP*]!T-S0T`!NZY-2:P1\<`I.8MV5K-V)
M+0JB<-0)<`ZB(`(ZG@J1'098$`=#H`8)D`ZU,-Z0;=JI@`7VW<]1'=55S=,B
M<`:#X`,I(`EB(``([@,\P`.F8`BSO:X]8-M&,`*'4`=LP`PCD.0]G:C"7<F&
M0-=$K@:8JP?$&P*^4,V1\`!;F\!S.P):X`-.`@Q)G`[ID-VU@`61_RWD(H`%
M(C`$47X&(N#C0/Z^"3#9"1#@3'#@<1`'F*N]?:O*"7`&HAX&4;[EL8W@9\`#
MC^X#(V`);`#6BK"NS*#+YCL"*1`&W1`&*>`#.BWHAL#AW9T.06P$#P!3OL``
MQ.L"WNK+QMH#0SS8*9'*X=O#YI#HDB`"DN#?83`$VQ[E/O[C6!#;`G`&8=#3
M`B`+/)``FWX*3?`,Z(K/DB#JBT[J.H[>CE[OC2X"`M`#LZ`*;-`#8E#FN&T$
MIY`"(M`-6!`&K&X(M9#*WWL*IZ`&89"N'9P#D<#'QQX$>2`!WNJ\_D#,%"P`
M3I+*AO`,0[W=?:L&(H#)H3[9/B`+"9#P"?]/V09>!$W-ZCU0U3]N#O(<OL^P
MW?&NXPG/[=R>`$0_V:0>!F<@`%[L#P6P`-OP"K@L"QF;#N">#DPP`B0=U:?`
MO^G`\\>@!EH@J1LT`-49!!RO"@W@#WS`#&&>!=1M&*JLRM3.MR1="UK^OI&>
M``(@`G&`]&&PY0F`#S]=^/B0"D,0!W*.#N';SRH/Z9&.]$,P!`+`[=^N](Z>
M"CKP!@`P!0YP#V\``@)0!!F;`HF/!4-0!)L,R7OKUOOPZW*M!1)@C;/P"Q)0
MXF:[]FW/#&;>S4YBV<\@`)*0#B"PPZ'N`_B0ZN][!@F0`JJ.^7^O_*WLTSY0
M!)'NZ#IP#.?Z\]?__NAGP.WY_OW?GO"-?@9&[`@!N05O(`8%GK&'#^Z9/`)U
M[=-%(`"&\,PDW0/3D`5\`!`"U+B(-(`:M09LF/7@4X=9`UDK_DW\-T,'$W,I
MF(`X92Z!B#,^$IQ)E<(DCQ0)>*P,@R4,2!$^?(Q(L?*,B`18TIU"ATY'.DGI
M3/&`^3+,$!$NL;A\>2:!F@0EXFW9$J_7(!X"M!9)T"U.G#"U#)5C,LC'QA$"
M$D@2(:+6F5KIGN6(]$`70C:'>AS288B9#XD4+9X"\<9/IF<IT@TYDS(<3IDF
M)?,8@F4(CS-GQ/C`,>T,T<LZCXT^]4Q'EI&8B8H(,S-,RZ-'>10I(JM$_[9=
M\^9U>*11E@`?^(9\C5,+F(X2..3<RU164BT10Z#72O#,11`)R1ILS\+&2)$F
M38H$GC@#Q+(3%+0M2'D&2TQ\-Q,P,6$+#@LG<'H-$26"![Y!!KD"@A,6>*07
M1Q80(1T==#AE$3ALP:"#020QY<*;4C%%%`Z'&"(,45(I0H=C#GPD&T=P,.DW
MK7P0(8ZEPDA`AWN04`()'$[9AX>/FOILGR9:F*4<?QKPIPX^>C#"B!%X(*^B
M9;2A@`+]4F'-I<S.X&6(09:9HHPRD*"#EY=2X6&H,$#01HDRIM#&`SIX4$.'
M)OPX`044[J"C$$FT#"><+;D9@AMNSN$OQ!'+.?^%B:L"!(Y%'U)XT3+_1D@"
M!6NL.0$$-02X"3;&4DE%%`'PD24+/@[1(@MFF,E"@"<Q<62+.VBY9Y`//\3B
MIL^L'*0")92@P!$0S>1Q'TE2<`0):S[PP)82PM#AF5J>V6)*"TSH!B1>'M/R
M*!%XB4Z4(40T9`1#F/#AJ@1D84*,%EV$$:>4"*``3VBS=&\IQI`:`A]3BA@A
MBT,*9H;)!)Z<89!%MJ`EAD6B:PF+%HNXD!<+K$'!@F%XP:(6D2XL(H5!!+D#
MA1A*Z$:29YY))QU'*+!@BT%61HJD5,YY381P!O7PC"+&&D$668)+00QW?Y,I
MJ?<R"V,0"Z:\8QF@G*;_M"W^`A;#D$.0K*,'`8IPDJ**TAGDGBTXR>;3EGCX
MK0@U!BGA#@SN$*07UGKPPP\)6F&%CS>&6::#;4H0HT%@S'GF$3JR>>0YMGC1
M4.YA%NFEYP_#F(UHSH$30`S0@4LIJ::BZV81.BRP91DF$A@I1J1$(-<4`488
MP8A9^&##$%E&`(SL&9Z)^XHK4BB"M9:&4-J'9[:QY9XK*JRE%KT+.*`>+UQP
M08("_'#%CQ;4`@88N$$(,"AS).&%%QX<B9J"#EPBZJ4$M`I;%MKLEVFD#\'R
M;R7UR:T$IQB$&FHR,7"1:Q^UN]U>C+"00_Q.,,+C`?OVL8\K6<9=/A#`,]!A
M_X(*2<)"J<B$'ZSG!2\<P`5ZD$`+77$!M0B`?&IXQB!2L`]\D`P?/!,$+6BQ
MA2MTXVDK$8$D?/";WB6@-DP@&F;"0)PP?,9U(@R*]%QWALJ`Y27D,A71>J`%
M(^RE!W]1F#E,$8=S%`$8:LB@"(@6-C5R91\C4X,DF.$]/:`0A0?0P_9>.#+;
MR4('`CA:J7@P"("E8!&3F$0)>,&-;H0C`9&:SPC$8+L$T(YH3*C)B[[R/]<!
MY67/"$HJL)A%E\AN"$40@!>U4#`V]$`6*5"8&FKQGB*0$BF6"8<A=#`^VM!&
M#5`!RC0DX(I8[)&/>@#%,5N0`'R`0!&G:.41@X,2DO])XD`F>,1KN,&S'-9/
M%F)@8F:(AC21G($X4DP'5%PWB"MB!BE?B0UK4K#)A1",52/`A\+2D101S(DM
M'P(!,03PRV`*DRMJ.,,TH""!9"JSC]QK00Y!``)R$K)H*S%)A2KD`_6]1I+A
M;"4Y97&35A(MG5]I6@+2X3J8<K"3;:&GAZ)S3R8RXQ!9X.G!^@D\251&!(JI
MQ6NZ\8@!ZB".2@WF,"71@UA(X`!>F(`RY4'128(@$R-HG=M\L!*8JH8U'^*&
M#\2`#]>5E&C182714L(+X@PA`1H9)'#JA[19ID"=8(F=7-\EB[WPE%4]2!A0
MA]`-,<BIB&'H1@FN4`+RL1+_H;1)@1K2800]0"$64TWA,A]:T11(DYPH_2I8
M39%)4=W$0SP@!DQ+RL0/X2.E-=EK',Z@%2,T(73W3)JZ>,#2EWR(!T<4``A<
MU=,>_%0PK.G&&USJEFXTM@1,`"8P\-=4EX(@LYO5XP'XZ(("7``ETF0"$VXR
M2[`"[$*BLI*'Q(&/X<['7<!Q">U:F9(G?N6V`F@""'0[2]`A;3,)`.YK=F4_
M,0AV(60$WAFB^PAX+B8,DC!!-IY1CO$)P!!QI*,:0/!0[BKS`%!P10M."X(>
M,$$MFE$)C]":"H!9*3J#"HY*/F=7+,0A%27]:G[C,(04\/>B2&L7Z"RI%BA.
MS(U'_Y3%<0_1*A_D`WB\Z(:`X&F*6H@"'5"X`#!XY^7?1#8Q:F@"B#GKA7KP
MD7OB34`/%*$NO<HB-7-5B4ID/&-BZ%4$K00.#W*\9]#YP,%0Y($.0&`$$`Q-
MOI<$@9P+G+RB_68O>>E!#R18'L8R#)[[X%`=2-$*0Q@"S*(.&S!\D!$C/!0*
M>>PN"R5`C7.T&02<E)2<,T-GUV&F+:SA17(OP^>:Y'B5XQ1TCK_R:T0S*;%$
M&\&0?TM/I83!?@(P`D_UDER%A>$<TE`!,>0BB3`T00)S*,(I,F&"*XCD$8\=
M!#$L@0-(K/K,WLVL!/PQ5$2K!1_A4(LD5"*97&=FQGJU<?_1A&-LWPC`S\0Y
M!R]\<.A$*WR<MDNT)(ACF>09M)75)MA"+ET149S#'O90`3YT`&X?)"D<F;@'
M'1R1B4R4P`2.E0$)2'#557=WQ,=\`Y!SV[H_H=7?V$R)2@3.FI5\M94J"0.A
MXB!.3QD[#N+@1@+"B%$Y?X[BLJ@%<<3Q(5%P8Y/G4K`6/CX#<1"C#WVP1R_,
MP8,P!/D<X3!!R[,QC&$XM@0J:`4E)B"%`NB!U7+X+L_#X.$F`#T<*1DZP(U^
M$Z3S:+@*YX$H>O9T#I[4V(3"Q\-[T&@5']&2C7ZB.+0((F[TXC?GVFG'SQZ&
M5U""$GTX'-QE\J>ZWV,1RYA!"7S_KX)H]($$D)!`S@E_@%@\U`^ON,R2@(X/
M^/I[KN$<B7^0(AO,<-")/`A''":O^1QS(QR"@K@L0."/(#-:%N$WO4MH'&D=
M](`-KE>8"'"`"R>0P!)%`+<EHO&*$EB$;%B$*P"`!5"!15`!%@``2O"#9L@$
M5FB!%I"J$J.&.GB#0A@$)OB%YO@/8I"DEYHKDU")79.8G>$@M8@.7A``D)")
MJ'.)\2._SU,Q5A`G,>"(I0@'<1`'RQ@48H`7&1J!O/"X^I.'0,B'?!B'(BBJ
M">`"!.B`NRL!8@"\1>B`82``6,"%:$@T0P"!%'@#*,B$,["A1[@`8KBH:7B&
M,.@%2SB'_Y=ZJ12@I-78M5PI+ID@"F[@`4M0..+:EYC804GHKQ2[IZR8N/7#
M@GV#D5PQ%7BIC8ZS-'^"@@P@!#+P!W-(AS"0@R4@@2MPA&PH@6B8@`48!D<8
M!E"`!0B`@AF0A5,0@S,X0[T:KA+H@%YX!'3(!$%[!01XA9?B$8!;#8'SD"CB
M($&KC,^A%ZUP#[`(!U:X@`LXA<_;J#UCHJ%9"F*X`+X*`UZ``DL@&MHH&+TX
M.TE0CD:(@FFPK##P`RD@`!/`NRM8@$;``5(L!`*8@$:`!%!@A?+BABO``44(
M!QMJ!AG`@6;0JF?@!6:0!S&H,Y2(%)L`B<P8@H)4!$L0@TX:`O]B8`40F*NP
M<0]ILH0)P`8O:#80$`!W`PX=Z)WUBP,0D`=Q,+`AP`56""1@<)5PS#9,Z((N
M((!,N$0LF($"D`$3*`1T6X!$Z(!"Z``3B`(":(1RE(%>8`(1*`096!C@>(.@
MQ(3PP$0FN`"16(F&K`G,R!*BN``9"$H0$`D1.`=B",I(*0+AX(4%D`%0H(1X
M(TD!4(16F($42,E3T(&E2``)J`S8\(-5M!U#Z`'Z`YXPZ(!&V,E#,",LP($"
M((`K,(%F6`0`:(0.6`03<,PHF(`DH`<`>`0F"(<+"`89,$TFP`%*B((+L!U,
ME`562`FPC,/VT!?*N``"``4"`)L$X)#_<%B`"W`=-=@A7KB`!2B`H`R?9I.%
M9KB`5\@E5A0`$,&"5TB!I<`";FA&WD&7O2!"X.D&3&@$$B``$/B)(6`%`HB"
M*VB&671*3!B&*X@"$H@"")B`"0B&*^@->"R`$C`K/^@"2L`!3+J,.OA*CJ(D
M7LD,RAA0*4@$2Q`)4<""<#"A28++(0B'`J`$*9"">"NN)A"`<>B>(&."!ID8
MK8"1L'L%/P"!4),%(S`86`$>+'B#QY0!)GB&!`@#WHP"3'@L>&R$82!*"""!
M1(``)6T$$Y`)/V@$`BB!."0`*:"$"X@XIYC07.,1AQQ+HKB)"_C0*,@$21&%
M.!"`!?`##N(*_RXA@"[X4$@H@.(BFF@@`#\`AE;2`1]0,A^`'68H`&:0H=HA
M&+!1F#.8@2Y(A`L0`UWR`P((!A;PO2@(AD8@R@6P.4I04A*``!9(@5YX4@)0
MA#-0!'D@@2XH`$48&O@JR;`205US4*+`@0^E!%$U!3-1A.Y1,0'(&1\`A3<E
M`2F``B88&EEX!5#P`P$P!]M1@QQ;"C_#@K`3`WEX`T,X*+]H`D,X.Q_`A$0`
M@&C`"+WB35!8@,=*A$1H!,]L2B355`@@`'6Y@"Z0`6(X`TR0`E,%A5=@(K5`
M&MOT1=H""1X9B6BPURA0!!_@'>C,5:V`,6*(@C<%45"X)'>QA.Z!%__;,8>)
MV4ZF\`$H\`=9"#5#,()ST58<```"*`0?:*<PL(3E7`#'2@0"@`,3,(%E8$HW
M)0'S3`1BV-9@H!`1*`![)8$"E=BCF:46<U75\,5P>`5@I00R91)9P%4_4)<B
M@#$QH`2=Q$=(.#(!D`;F]!VN8E:6`BYQX-#8!-D1$)BS0U.3?04!V(=1L009
M(``<\#V3+80K>`,9``"8[0(2`("=)`8>:`9W/:3*#`8``(4K[:]3^(VB<PJ3
MJ)J5&(2KF(%$"(8P##)92`5>B`8SU`I3$(-6(`!YH`0`2%Q%X!T=2`%6*("A
M:8*?@!$8T=@X0$U49:+?P`=#4*[R$(,%^-W_-PB;Z"@$LYR!G379QZ+'TP6`
M)!!:1B"`1WB$$?`#13")"P`%4(@"2B"`:4C5B]*(;#(+'E6?%"`&12"&5VA/
M`"@`$)@-:$J!9F`%F2B"?0"!RJS+Q"6`5\"'?3"%-+G24/N)I>"&9MU.9BR`
M#H"7X#"5PA(,19"!N>P`8A@9'@!%@E2$1R#.$@"!=Y2!N3U=`EA?\V5=2Z@)
MBL7>U[2$3`"!$LB$04"J$A@$BP0I21B$$EI.`GA-Q(V&1T#!T"H!E#`'-9`%
M1P6%Y04%'#`%-3@>'V`%>$F?UT"@V`B#<,"!N9W)4A$8WJV(DF4$F*5>9E"$
M*_!@17B#3$B$`D`W_R98``)HXP6``QF`XP<T*X--@#)LA;F46723&\K-VZM(
M@5-@'VGRX,HD@$(N`/EMM`1X@RO("FP%@5;PX#:N3%98O;/XJAZ=GC#@06Y@
M@E3BA3(\RQ?%'S&`1.#95"6%@"0@``^&@R[PQV8HP`4P`0QF@43H`D;(94;H
M`F\]WW"P!&*H118@`#H@@'NHG,>Z3,]<A&;H!47(!,P`@4?``1:82QE8!@]>
M@&98O'#8UAEXA)V0!$503FOV8$S@*2/0"-5CDA%(AVX0AV[@A10PL`3``>6\
M`+"1I4O:XAF(@!JH@0B(``=P`(%V``CXO[QD!`!P+$6``Q)(`@AP@E1.`O\X
M((;^A.!H*`0Z2((8,$!!\,P$B>,%0$IB.$,?X(5!^.7?G=LV)H!()1-NF,4.
MN((MP0)%8(&SA(,"@(-EL`00.(0FN2A%.(1I:(X2B.5&-CUQ>(09L(0W2$M9
M\`=V;N#R>`&K?H%_SNI_3H0%:(%$<(+\HP02<`)8@(4(@`4'0&L'<((D.-TD
MD&@"H8$3H.C?)0!&2()=[E89:`8;NL%>Z`6!/%U=#H8%H,@$P%6^78!>.(-,
M>&!*N&5S90$>D(1121-+X!%3&(0WL&<6Z+U>H+IF4&%,2$O_``$^X`-9D#+!
M"(``F`+6QFHRN&HRJ`$8^.>R%FA_QFK=K@&S'FC1WR;H@$YKL"9H)QAHN"8!
M&7C/&8"#!:AFOWWH)(AN`,"!#NB`FHON+NB`9HB&:&`$L`;K8-@&D5C:"PA*
M11@N'U"$$&9EI$Q*&;B`0G@#B[R)$:A(JJZ(9LAO_8YE_7Y/XO%O15"$_/9O
MI/YO`S_P_T9J,5[P\PV07B`&*81P12B!`*=P8C@0"*?P"8<PRJ7P*PAPP=T2
M7GCPDL:5QPB'1RCI"X_>%#\0D@$4]L&'+7D2LJEQ&[]Q',]Q'=]Q'N]Q'_]Q
0(`]R(1]R(B]R(_^'@```.S\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>b73233a1b7323302.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 b73233a1b7323302.gif
M1TE&.#EA40!/`/<``+3CP\OGR^)%2<'I^ZG;LIS<^/GBXM*YU;V4P?3Z]B:W
M6_K]_MKNVNCV_:AJKOW?P_3[_KB'O>Z/DKGF^O[\_/S[_?KX^OO+E;[I^Y9+
MG=W-X_JQ8>V1D^9C9O[Z^OSZ_/CU^/J[=<[M^\SL^W?2F>-.4N115I;:^/JR
M9?JM6?W?O^$\0?C\_I-%FOOKZ\3J^Y/9^.[X_?+U^MSR_-/N^^9>8J[B^?3&
MQ^=O<IU9I)W2G`!QO-G&X.+U_:KA^<>?R^AJ;L?J^\[HS?WJU/?-SL;K^TC$
M>/S5JO'Y_M7O_%^FU3F_;/"<GN#UZ(78I?'G\OG9VJMOL>//Y?7P]^SB[[3=
ML_#Z_OO`@/[Y]/.TMJ1CJV^OV:/?^>K;Z^_V^IU7I-3P_.GW_2JZ8>R#AN?;
MZ]6WV/[TZ<+KTLZKT:/AN^+4Y_&HJO[^_N;SYOS0GY_)Y<_D\O#I\]'PW?SQ
M\2^+R.-+3]?P_#^4S/OFYO?S]QRU5I7:^./T_>3U_?KW^_O&D^CUZ]7NW,6C
MR??\_LRLS_[U[>;U_?OM[>J`@[KAPYE0H.SV[.?V_:C@^>7K].^IJO'Y_>G>
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MX?/"P_3!PNEW>?OZ_-*UU/S]_-_M]N^>H,KK^\OL^T[!=?S3JX_`X??[^/O!
MA_JV:_7+S/?T^?;2T[[G^_S]__W^_?S^_NC:Z1EYO_[]_8_8^/S3IJOAO0RQ
M2_JL5I`_F([8^.$Y/O___R'Y!```````+`````!1`$\```C_`/\)'$BPH,&#
M"!,J7,BPH<.'$"-*G'C05Y6+51A(`,)1`L6/(/]!0()D@8Z3*'4(`>*OI4M_
M8XA`"4DS(94I28($09(2Y<J70$TP85*SZ+\X:GA0R;FSY\F?0*,"R6*4HI\I
M/++R(%-!)R0"3J%&'4L$3U6(5+1JG:)S1INP+,?*!4+T[,(M6]*JY3'%D,ZW
M/<7*'3O5[L%T.W;0&9=T+Q*=B\"F%#QX[!K#!-\D3FPLSEX>+'*&$1(X;N7!
M3(@8AG/GU>8=L^!@VAN)3Y`DI">;/BW7Q,RSKX.[TZ!639AR21B4YLW[=\TS
M390$W_Q&;U8-.$4@J:*;^6D3JFG*_Q&SQ(OTZ7?\A%*[-`@?[CYW>Q_KFZ:^
M^TN:;)F^0XD7M5R-P$@`0C``"R7JN/!.-X]\TX$)*\P'5$AIW'>?$='Q5PD9
M67$##0@Q+*"0/8=80PX.`DC8$E44I:&'A?B9-QT=6&EP2C7V/$0!,ZZPHJ(`
M+$9T!HPPYK??:Z_(``X%'WG0#`X1SA<>1,$0"2.&Y^U0#S".U.2"!'7,-T9$
M)%A)9'G288.,#$8M`TH)\WGD4!-+F'FF?M,8EHDNWM5@5D-.V&DE">I@]D\[
M-7A7UT+C"0JC`@"(8R@%S9C`7'T+4>.HA9HD8BA!-Z3(VV4+;6JA,))^*A`%
M''C'D*GZ2/\3B*H$97(-<PL98:H>!,A#ZT#VB")J94`HI.NFYP#R*T%SK,);
ML0BY:"H!RQ8D"6]`(A3HI@HD4"U!IH1YVJ(%;>OH,-\6U`IOY!)DKJ``I$N0
M-KQA2A`60^0[!!9&]&N$&/>1XHF\`QG0`6]3#C3$/@SO<\$1$*MPAA-.Y-,+
MP0+-@0C"!BW<\,<;7"&R"A@+E$NKIR4LD,<?M[S/$24+=$F4@ZG\SP4NMYS"
M,3'_L\NP<HU94,XM;_!`S]Z(6YE!1'^,PB8]0]!'#U17;3753#?-L-$]VW%"
M/V"'+3;866N=PC,].P/#V&R+T+'6#..3(\9L%,$VVSV\#?<%6)3_O``&=X^=
M=T$L-[U.(25#0$S@8@].4.%$H\!)R6'0PGC8CBL,-\,D8VS'Y6#[8(5!6.`,
M]Q\E3P!Z/T4@=,3F^V1#,`2KL^XZ[.A$(Z\YJQ>0.4%FA+!Y")VD"TDQJ_N@
MD!MPA^!&'N!4N\``]ZR.P4)-LW.$&3]$D$RU?110.T--=U)&%/SP8\L'O\9C
M0^W],`3Y%2IT@4;Z^,?BCJH+O`#_[P<QPQ4:=H$G_.`+^,-?!@AA`4,M0`1?
M2][H&/*Z$.Q+"PG,H"(.8"@:1'!UK7N(%"*0P1*F[Q=Y.,L@:`"_?B@/(B:,
M8080@`JC(&$`>V@A&")ROQB6L`51^$1-_\+0B+7!SVT1Z0("?5C"&<JB@1)9
M0`/@,8H6]J,`89B(%);(Q`SFH!2I`,%#%F")%ZC"BE<$X$.ZT$43MB`'#CA`
M+5)UD'G$0`0VV,8MT-B/+(($@VWT809P@0!!A(,>,U#&!'AA1#Z"C0LT>0+Z
M`MG&'_C`D6P374V>`$A*^M"2F!0;%R98E$YZLH2@#&4_('D629[2A*ET9`&*
M0,JJ/$$*K\Q@+/GH1T,I,9?IVV4+L?@K*?P`F,*L71'4:*@>GC*9EYL`,VDU
M"5-V$9IL*\`+8V;`8U;RDJ!;9L\*,L)K@O-N7,#:.!-ROBA$(0,)C.4>?$#/
;':X3(F7X@3Y_(`X%,!3AG_:\IT`'*J^````[
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>b73233a1b7323303.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 b73233a1b7323303.gif
M1TE&.#EA%0+%`/<``(R*BL*(;;BXN+Z5=O&RLX2#@_;2T_.ZNZ/(E='1T>E^
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MZ.AR==2`?NKJZO#P\/7)RIJ8F)64E>9F:??9VNGCV=EF9HZ-C3$M+K:E?_WX
M^,K$Q^^CI=[>WN3DY/3`P5I75UU:6_7&Q^AU>.=N<>=P<^R.D,_/SY_.F<"_
MP-?7U^N%B-A23>W*S-6TMNV6F%!-3MRIG\S,S-S<W*RJJ_3!PO?5UO&OL,O*
MRNZ>H-O;V^SHZ+G4KLC'Q^:LJ_7*R]FNL>^GJ5]=7963DX>%ANKMX7]^?MZ9
MD?3"PWAV=NAJ;FAF9N_L[=C:PZ*BHOON[IZ>GO*VMZBGI_;/T/"GJ)>6ELO+
MR_.^OYB7F-_:W/7'R+:VMN&CI?GCXT`]/?C;W//&QV]M;I63E.$_0["OA=W>
MW^[N[\S-S\[HS;V^P/[^_NGIZN_O[_+Y\J_:KNSV[-/4U>[N[N$Y/HF(B*/4
MHL[-S>^<GK3/M?C\^*2CH\#.POWZ^L[-SK2SL_OK[/SS])N;F\3#P[O9N^_N
M[J^OK_C8V%)/3V)@8./CX^KIZ=/3T_SP\)&/CZ>_D/?6U_KGY["PL*RKJ[6T
MM--Y;(&`@,C.Q>7MX-W=WK2YH*"?G[R\O."*C<O-S^WM[=)X>_3#Q.1Z=[BW
MM^+AXOSO[\BPL^'AX??W]\SBQ^#5Q^%+3_#NY[NZNN2CGN[<U\'!GYV;G')P
M<+/,I.;.T.7EY9W2G/___R'Y!```````+``````5`L4```C_`/\)'$BPH,&#
M"!,J7,BPH<.'$"-*G$BQHL6+&#-JW,BQH\>/($.*'$FRI,F3*%.J7,FRI<N7
M,&/*G$FSILV;.'/JW,FSI\^?0"].B'/H4(,',#H08A&TJ=.G4*-*?8E%D[55
MDR;PX+(EP=2O8,.*'4OVWY%21**=0T.#`4H&U`[%F4#+EK%:3,OJW<NW[U,A
MC+*\4R-0SPV4NZ!9TX3EW+8G5&KXG4RYLN65#)3Q^'<."@-X4("@O*%GX*%>
M,(YMR7NYM>O7L!\VT3?A'XL+?4"%85TRRX5H8?IYL/;OT(7:!6$I7\Z\N?/G
MT*-+GTZ]NO7KV+-KW\Z]N_?OX,.+_Q]/OOQWMP8AU!N(QAN7!RL?.'+@``"#
M.07@%WS%O[___P`&*."`!!9HX($()JC@@@PVZ."#$$8HX8045FCAA1'"D-,$
M'#JB`AW6G$,%#[3$9N*)**:H$CS'0`+!`RPD0`,&Z*EHXXTXYJCCCCSVZ../
M0`8IY)!$%FGDD4@FJ>223#;IY)-01BGEE%16:>656`[)Q2X/34"<0#=(PQ$H
M`O1D#7("@)+EFDCZX^:;<,8YD"!JB`$-%WI(EI!6O3`R!VD#D;F0+="HL8J>
M"@TGD"U&7"0$*H*42(</_1#"R214`-'$-A?0T($0-`C$@C1#A'$!!@89)I`U
M'C#D#"J8TO]1(TZ/ZD*+`SC8YD`ENX2QC$"'C,/FL!3%:2R<!:GQSC]J\,!#
M!RR@P0TH\`R$B3*B_4/:'"K`TT<<`LSQ+`,-<+*"+6"6)A`W\$P@0!P8.$.M
M+>MH$\:7I`EQC`?4,J#"$'001$@#_PQ\R#%9"%2#&%S`\``F8ISQA`,#%<`-
M$0(-)E`MHJ@@4,*U8/#G/WK40@TWDWC``"''4#,!-_&B,9"BH#2"A0=^#,P#
M-=%N4\\Q0M#K@33P<,-MM1$!H_323#.=0D'2B+'%!(IF@8,^*M3#Q3_PZ(,H
ML6`W=.S8R2ZKQC@05/(.)X=LPP-36:C!9;H"]/(O*XR@7<DY9R3_L,T6\)%F
M:`U0G",-(XW($$<!*OBA#371X*L'!&O,@0,&#OC1P6$#)1`&/*((8$0'2+^#
MBC5]"#$.*N]`,$D]$]2B!G+_:/P/*-Y,0"<-S6@B\CC-Z*&"*'Q4XL$96_S"
M"3E0<$-.+S,3YR4UJ&QS3@<=T$`()G,<L@8$$\=A#1]08,"X1+RDK_[ZZT]1
MT#MZ]#*'HA#T(F,_T4S002^\A>T_0F,[5MF8938_H`(*:C@"?.(V-VV5AE7#
M41:S.L"#7OC@.`X<B&$&PZI_L`H*A\&$Y(Q#M0)``6,%@8<1#K$%-%C##^CZ
M1Q/4X`P<"(`3$GS8)!(PNX'8K@%A.`QI_^(0!@[U(@YZ\,8V/(@S5*B!$50H
M#:`$HB@@%"`.T+@!`SBA#S%X("L3N``/H``?#X3A@:TJR6"DX8U\6(,%O;#&
M(2JA`K<I8P7_RV-"9,''/OKQCP.4H!I6`(`F/(!VU\H6H"!H#4$ZH`"[X%1M
MIOB/:$A#!6KH(*N\T0`&0&*$Q_%`+_31`3!Q[A\\,`(.8%"+`J"J=FJH@CX*
M,)@:3(`!-P``'2R&0ML!81SK<&`?PH`&-(2A#WH8!B;"Z(%#```(1$"#%-7U
M#T6MX!/G,$QGJ@"%>O3B!FB(!CDJ@08&-"**3#2)QGC@`VN@@1'6L`8DN%`#
M-12@'WK,9T9H(/^$?_#3GTU8P06><(:!\,E/C/H'#NB#@W_2(`&B*$`O/O>/
MA`JD18Z@P4(5ZH`./,%4N:JH$7[Q.5R=@0L7F`,GG#&074`A#E:\`"$$`BH&
M#.,)#*"!-)9Q@5[`;E.=^E2H_D&+*GB@`),`P`-6\(0GK.`!1JB!'WI!`P>\
MK!)'H$.C+/H/;?B@$4.H`0N,8(L'W`L*-2#'!0H0C5^HP!&0<``:&K71DH"*
M:QK%Q*_^(80GU,`;3]"//@=+6(E,`!0J4($VLE78QCIV*KL81A@$<,K',@D>
M"?``!B9P#C\(8%:6[0L#8%"BT#;I`1[`A"[.\`!-<&,;KTP)$0A!%[O_X,6T
MN,WM/VH`@!48PQ9`@$*[H*"AE"P#&J!P#&2^IMOF$C8.T5`&*YS!P\)4MB2[
MT`<CBH(:U?3/N>#]WR\F<8,)%&`.PIT`<5%RCEXTX`*'4!0)PTM?V&1@`3$!
M`B;J(0A.W,"UVZ#826P:#0#H009#L`]^!#L0##GXP1".L(0G3.$*6_C"%@J!
M%4PQ"@P7MR"U*`4YT,""SGX6)2RHP2'F4`D<4"-$(RHM0<Q#XQK;^,8XSK&.
M=\SC'I/'%+QHPSU\#%J;/&`(2Y$1C>K+9,ND(`AN,$$JFDSE*E^$!8%X02*"
MD`8K>_G+#D%&&SA0#07D`<QH3G-!"&`"$K``_P1!^*Z:Y]QD'<`!OVQ8`C+H
MS&<J(^,'DBC1*8*@BCX;FKX'.$$&1-6&&,CXT)`.+0L4H`#6$.`$U8BTIBV[
M@1,0@"`D>($!-DWJPB;B!T\CR!):(.=2NYI-+#"#"0SR`3B0X=6X!ELRZA`#
M@UC@`\G(M;#7=(H3='G-5MCSL)==)39(V2!IZ,(IF$UM*9FA#<HFR!1^X(1J
M>[M)+'"#!6Q@D!($P7W?3C>24C&/8Q<D!3H(A;KG3:0%(,$-[3B(F`/1D@<<
M00U&P&-[WH.1!R2@*#.EM\(Q8H,6H!HA"X@!!UH2QD.("C>@X$*K'[(,1\2S
M3`NYP1R4D0`BI-C%1?]>^+>=T`4+),0&'%``Q2\@@WH`H3.?"<U%+C"-APB!
M#LX\A.HP,`QJJ%SA=:#$M!,"C"ZTA`%G.`0.,%%/ZUYD&XY8QB$2OI`:8,`;
MO_`F`\CA"`8?O=HH6$(Z%G*`$;2$!0^@!08<`02UH*$2*8>(`.)I#9`OA)"0
MZ(-\,;@?#!O^\(A/O.(7S_C%B\`$'2#0&10QCQ!0^,,#,3@G,`$!5')%31?Q
MAMD9P@!K\$#L9!^]CU?/^M:[_O6PCSWL"V'G<TSG#B\(03-R7&06W(`:57!+
M4I:"$:QKG>L):<(O0`&`!@S]"+\X>[JQ80)L,"0#)V`#6?;^<88TP0/'(`3_
M`TY.C;Q+']>TR/*M%Y*,+GQZ+%Q0@_RW=O[Z'R3B,F<(+2@!`KV,?8GV%X`#
M<0I=L`D.`0>4L!<U`#T"*(!:$`13UA`MT`7X)1;QIP:>TH`".`A(L`$.(0DG
MX(%B@1PLT`P::'\L$`3`0&X-X05M!G\?(PHG6'_9\`-:\!#(\`*=$!9`8`UB
M(']0X'<S>'3`<`+YYA`VL`22,!;>0`A"<$A#>'8E8`+O]Q`G8`9CD0`7(`JU
M(&!1J'`VX`E!H`$1T09YP()@$0;K<":5\(4+!V_`(!%P$`,5"!;U``DR@`FQ
MY8;JQF8D(!$M@&TC2`76<`SFQX?#1@8G8`'K!Q'I_W`"*"`6HH>("I<(HC81
M3A`$H[83?6`$\C=_"6%\6T>)WT8&;5`'&Z<0V>`&_.83MC!.QI`0W-=WI.AM
MU(=N$J$!=0`'+;$"<<`9GF5^Y/($F,`.M5A_-@`"+]"($<$">>`&+(%,C?`/
M`+:'!#$!1]`+U(`TQRA]&?`&_5<1H3`/S%@2M'`&%_`)UA!<PX5Y`\$'!_2)
M]'<0#+`.<W%=!V$+AT`%U$)^A]B-X:4%)K")%($-+_"'MK$`J:@1MH`)?#`<
MMJ,J!B$$6Z`)8K(07]<(M3`,#'$#O_`+'C)T10>07\8!'6@1V7`":_</!]`&
MD3@2&'!`J(`*&)!>ZV40#/^`!E`P"8[03PD1!O5@#7?5$$1@#>2`>F5'DE66
M##_0BA8Q9O]@`R;`"RXG$#9P"MFPD!4Q!*Q`C:_EA0>A!@SP"VN@#`D!`:N@
M!F'@%0UQ")]P`X-'.PW6>'19EW9YEWB9EQ<2#HCP`CT@(2)P`J,0!2,`!B9@
M>>$0!2?@!HO`#^'@(.Y($-\"C">6$&JP#=;P!)V'$-)P<`V@E?_0!Y/PF4BI
M>K)WFJB9FJJYFJQ9'K17!S<`'E%PF`KP!K@7!>=P`R_P!GDP#V#`#]SQCPT!
M!%&$"0G`6`<Q!).P#3#%$`D`!:5P"/WP?-&GE$U&"B]0`AF1`3^P"%KV#Q:@
M:"#_`(G_<`IN$(<L(0U610OZXS$)(014H`8AI1!QT`CQQ`?^:)U,1@8<H`.@
MR1`L\`,O8`*W=@H_``<_L`E,80,6H`,O<0,\8`T`((0%T00%0`/C@'SZ"6D$
MV`(;\0:\@)XLT`:MX`:-F`9+D&DK`00X,`G.0`WG@!#3V0N:@'!4D@M)D`3"
ML*$T<6DOF1&+H`,(^0^`@`2`0!`I>0`L00@R0`4=``2/1A!\`"Y\1Z%/(@%N
MD@0\*A/AQ@%UB!'MD`I?:A`V0&G_Z1%`L`(XT`C;@(\#T0<"\0"_."58Z@]:
MNJ4P40*`%J4D<6DBR!+P0`=#P)$&\0"$X`-%40H,*"5U_WJG>,H2-N`$5H`$
M8UH2R+`$VH<3+W,Z\50%5-*HC\H29!`()Z`#W;8200`":'@3I70EH!JJ*;$`
M''"@VLD2'/`!9)@3&.`#J``-D/"I60JK*($,=?`#1^H2SA:!)Z$[UL`(&(@)
M=,"-!0$`*K`%5?`)P&JGPFH2+,`!)J"D+X$"06`&9YH1"3`$)<<U'8`)!',0
MA]`!C@`%P42GP;JM(\$"+4"%Y;@2"Z",(%"I(0$$#-`!:2E_1600OU`4"JNA
M5UJO3?&JW_8,P#`%)<("DO`#F1H3+)`.)M`&RDH252`*<*H0.,!WW4>OVNH4
M$%MM_,D+;I`-_R!F;5"N)9$(.O_@!@#[$71`!:-W$`_0"`*P"TV`(Q4@`1)0
M`1BQLCI!`4:;"P*AM,R&`B?``4L`#&1``)IH$RQ@`"_`:B71!)K@I@9Q!.IX
M#@70$SBJHR4A"VXB"TGKL#OQJE"[;)X@;0?0M?.@JC@1"B]P`#3[#P\@#:`@
M#1@S?*W&`/7@B:"($)^`F1W@#3TQMQ[!MO[@MA<AN38AMW#+;(K(B-7P`2/P
MLCG!`G70!4/Z$$"``5N`"0[``%O1%1C1`(R`"A=PD7&[N2!!N99K$9A;$YJ;
MLM5FB:-&"]@``A2K$R2@`Q,7$0P`'T/P!!-@=VUQ$-.P`A/P`*4@"CUK$'*9
M$[V[$;K_^[;`>[LI^[VEE@Q6@(I!$0@_D+,*L0)&8`1Q$)%NF@#*\`!S\`2"
M,)\$P0#&,`37@P.;T1!3:ALU@'(G8;X9$;Z7B[LU40%\%`'UJL":M@#L2Y`_
MD0HF<(,300X`(`2>`1K(.1!G0`55T`L=P`#Z<!#]H`SC8`3ZL`VVJQ"'``W3
M*))&UQ!%>[050<$7P<"\Z\`T4:=O<J<^#&F#\`,<L*H^88J]!A'PD#!4H+T8
MMQL'433Z4`H/0`0#7!"'0!S")1O#0!REV1!`+!%'7!%G3!%IK!)$/,%"#"5I
MNZ,ID0UYT`9P``)I@`+)\%TVD`H*\*U,_!.A$`0_VA#3$`:0_P`[_S!PVUL#
MF:(5-.`!HP<*D<.I5HH0BA*79MRV/1S''+'&$]'&*?'&Y0O*3D+*%V$!)L`!
M,?`!07`"=;`)BS80&0!G.M`)?SL3F?`#X/H15?`;8>`-C$`#J,`'W`L*"CN*
M#:$H95P0L1#-TAP+P>`FP3#-V)S-V2S!_D`,VOS-X!S.TES-_G#-XGS.W.S-
MY[S.[-S.T\S-;Z+.Z>S.]%S/]GS/^)S/L3#/^DS//3`/+@`!9;`"[N`"8/`#
M72`"BF`*Y=`%\W`%[F`._3S1^0P&5P`!QJ#-(VQ8/.`-SM!-*Q`-6+`10W##
MXX`!T.<0HOP0JAP1*QT1+6T2IFS$J/]L&<GP###[$3$M$0N@`&V@H@2!#.-I
M`B?0<MDF%1.8:A]Q9-OU#Q-@<1LQF?G9R97[R>,;$B\-$3M-$C/]M#5=&9ZP
M!&Z@RQZQU0_!`G>+P03!`AM0`IFPKPD!P;)P"SD!"!L,$M(`6EE0"WM"!?K0
M0%CMR6S\U1B1U2Q-V"W1U?]@UE_A!2\`!TCP`H$`UT%\U2*1`6WP`8-<V8YJ
M$QN`!&?V$?M##K4Q`2M0`.%0J'2A"YI`#6%`$H:]$(R]$+'=$+,-$HJ-N3G:
MV7I!"^(*!\%F!@G:$;>M$-T:!+6Z$<7-$6]F!XB-NE3@B:LPKP9Q`U00!V=0
M`(Z01B)1VPG_L=P'X=VR_=PKD=MQ_"8L(==T/1+5$`.*)A`+D`<G0-F#;=D@
M80!-N=F<K1/IL`0(8-\E8:B:,`1$T;T?(=X'`=X&@>#?3=YN'">X8+2^<-YN
MPA*S;0,HD`@'H`456`S>^@<$P;4K*1$L@`V!<-0*7A"9,*FYRA$IGA$NZ`H`
M3A(K<P@\```08."3*]BC[.`3P>`(\>(98<K&PML$@=[E[>,'80-P\`(G<`(_
M8`5.<`JPS`:\P>0A"!&T0`:9H(SS$`-H*`%RX`I@$`2+\`SN>Q$+``PO<-3*
MC;N['1,:<`(#,.,CT00```#*@`8>0`ZPS>,&H=Y!KN0N#>CU;>02_W$+?(2T
M91U`%.X/%E[3?;007!L(&8`,B1#(E-`%9%T0>GH`M&`#R'"$!T$+).`)%F"2
M+^`);':JBST`=M`&%M`%K9P*NZP0F3`(0>"4Q(V[2`X3ZJ`$=BX2#:`,-?"K
M#^"3W6WH!"&Y0BX00)[@A#X02>`F$J#3CC[COU[*-;WM!D$&2/`&N4H+F>`)
M=;"#I?X!'Y`*'+"80%T03N`&4/8!>6``9+``+Z"W-N`"3*`$7U`,*7``L5R%
M&$$&Z?`&/V`&F;;#C#[DOE[A,1$).8``B![@0Z`/0VL26>WLT_X0T6X06UWM
M_G#M!"$,.9H+MY"CZZW5V5[Q_^#M$"'R)/\/TW!LV3`_$"R0!C^@U@QAU_-@
M!9Z@`VV0`8]F`U,P#Q_PIP,1I*=`!IXP#V,`O!H@:SK@"5-``FQP;?0.#%K0
MX@SA<'"0;0S\\5YM\Q`/$U)@!SO@\F2Q\4+\[/]`]LW>\?\@\P4A\]%.Y''B
M\C?O$':/QC5OY'W_#V7F!C2[`(D0"F3(<G6@U*G@"2;0^`>1"D&P"6SP`@$`
MMS:`#7#0!@/:L7G@RDA@`A\`"*<`"&S@Y@2A`:W\I6//[(=M]I`>$X;`!&/`
M]F/A]@`.L48[\Z$,^S0_[`WQ]]1N[;'-\`.A]W#"]V<O$<3/\J<L^PEAB:2`
M$8EP`D&`!"!0!R;_8`(6H/0$$7$Z<`(*L`^X2P;(\`R=D`K(8`/WO@%I0`DO
M$`0OL`1UH/H"X8<%\?I5#1#_!`XD6+"@!'_^DAA,Z,_@0XBY)$B@`-$B1`EV
M`BR\V-'C1Y`A.\I**,LB0H48$W+\U]"B2Y$"2?HS&7-@KB1)<*VT:3!)0@D"
MA>6L`'1F38M'!Z)LV)0G1)@]?_H+"O%6SEL&47+<RC#AP&PE2I`@Q>%'GF0]
M"[+(%BB&CC:2%G0$!#=#5Y'%#!@XA2U(#!O_;)0X1>:?$Q,$#"K]Q[CGUJA1
M;4ZMJG:I$B6/+&_F;-FQUJ>@4PJ47+`TR,\QF8:V3%G@U(824B\NN=3I_VV6
M7AU:E26K`D37$&>CI-`[`FO2)65=TA$DB`D32`)EZ%S0!HN/"P"5^(>WIXT#
M\PAD"&3BQ"!D%DS0Z_U;9NW&\!^OC/Q5;7#.$@(4^5+=__^DY!,MMX'(P&>`
M,31+;K>'3OMHMI!6&VVSX&`S2L"''),0-ZTF<O`UH(`+43@,N[L-N9::&L"$
M-*:8`I`-L`-0+>]Z(F.0$4[X89$67CAAGA;P8PQ"D""S+T6J)IILQ/S&R"&5
M&:.L;J:&:KHJB:P$JE&P05Y@(@<F8D@+R9>.%(G(BS9$<4FJ0&Q*-OBHC%,^
M-9LB$,D/_YD*EYQR*0@_VF@2C4/3&MK!C@',E/_2IBU[XL`"%`1"I@[TA)Q3
M4!KI._(V-BO;3((=F"!E45)[DA-3#5DC(Y`7@)'BF@&8L$`#,J%2])];V@L0
M4Y'JO+-3-V,;TJF:4CVQH3LY%?'-/YD,%"G;3DPV(3D"L`.!6W/M3==2#PIM
MV\[(",Q25$N,4%,&E14)4,LDN*:(0+J5]T%BW^,5)5PFRL6&0);8A`R$Y-BC
M%4]LR#,JB238J4T2>3U7VLXJ=`K.<ILJELYCD=4M3PL9'HBR"B9R;Z#ACIW6
MGW>5.*UC3^7U+L^0$EZXLF$=5@W=@=1-N**'9':V7024R,.C"02X`),J_D'#
M&RX>F'=*IRC(B0)B)03_!X0EXC51(0*"*.'@(UG>%=HB3?8HIU_=K(KEFJNT
M%ZDZ-2ZT*8O$)HBRMN7#22>SYQ[`CAU6GKA99@6Z,LMG3PH-9I`Z%O92LGO%
M><&H[/YX\(X.5SR`(`@@X)Z<A#'H@5H><,`1>"[H`Q0N9'S:LXRK;DK@>8"A
M=>LD2`B"#;`9M#SQFR'NB.,1V;[4[?CNC7W"G)VJ&W-MJ:8J;^5CGQ:!'`+`
M]M;?]<0\^<C?5GQ"QC]R_,**PR];H2I[4[?[[C,T5TN4KVBCC3'6%(B;<6J!
M@@%X0`$(KS,("Q)``PPP8"3+JQ)3Y!`K,]P.=^U`PB!Z=[G"R<]F'_&51XC'
M_S#C50QYQLK8R3X8FV"A[V(6BU;&\B4!/Y&F6DP(G.`RF$*/,29D$G`/FEYV
M*S;=AF(K5!\'T94Q#*+P;M\;V_B^@(Q,&$)_A+@`&MZA!H'HX08$+`@=K'$.
M3JR#%A<Y5<9D@9(9;L);"K&!!;IP01RVC""I\6'?+O+!M4VLC%&;&L9B5P&T
M-8]NRU)B",W8PN6QY(%,R-\@EWA#[V6P9D3<T@\9%!*)G6B(XNO(WD1'$"/%
M+HD_"Z'ZZCB:1C$``I.PQ3\>$(USH*$2"N3B0!P```;,H0!.VQ4#SYB0,3!A
M``J*UD+2,(_ME<EW3"P('>>W-4+=$8AJB^,>8P<W!O_6QY$^P9PACX7-;++$
M%3E0@AR<1S@ECC*'D'M;)1<WS8MD4H@SD<TO-RB:XL@B2Z%$8AS1J<*&%1$O
MC3K#&E9AC77`@P=<V`(H:DD0#UCC'X>XP`0,$HL93.0XV0S&<79`3@2\<"(2
M\$5"B"$!?-C!%4`9:4N9DE&%.<47+ATI,X*1D`BX=*,YE<`,F.'2DI[HA3"E
M*5-H"M.%S32F38G`3;/9D&#\E*1/3=*&CCJ1A35$J5G%J5,SQM,9;)2!+_Q&
M#HIP#2&ZE!@R=2E7_1$!F.Y4HSB=JS\ZFA"13B2H0XU-48N*U(1L]5A-':Q+
M?0I4I[PPJ&M=WD@9J]6V.H7_L&_UJUQ[*M61[E6O*)H`*`YQ"$(P``8=((3K
M'GJ(7L"`!Z(P+<F>^1!D(.$$Q8#FXN10!`Y0[ISQ/!;-Z@4^":4ME((4)+**
M][-,,6]XM\(-*9'K$309A`(3V4,02-"@W:I3CI/D)"B=PI5WBI*:D90C=&5G
MIS6F#;N7].<"6?B/'88,.8UZJ$C.L8TG#*,/`16)&4R0"/KY(Y^(2T@`NI"6
M?O)6DZY][U&"JQ+V;4K"=CJNQSZEO_5N3%,M8Q>][GF1#>C``JW5+7LCF4X&
M$[&[B$1E>!.<R?*ZMX$)&7!Z0V)#%#<,>=Y5+GWK"Q):V,(8M2#QBCOBA1>8
MP3"X__.**TSP##QEEY#?.Q4EOPMAV!"WQ#"NCH\S/#?C6IB\-HGN0T(Q@A38
M2B$YX28DP<?)DOD#D$GXI"5?7.$8D_&\:?/DC;G'3`WNN)@V_O&BRBP06I#`
M!'"8BP?](8<E$(`%?67*V7K+X!&6Y,$/&>Z"EN*A#8\W/QC6C3)W1K@\-S$D
MR&A#;M5L$9^)^<VSCK-ZBWLL#.91UB&)KY=M@N/G\K<@TX4AH0L=)31I`!#9
M8$$F/M`%ZGRD(4B``QFT:>D%VRO3--GT@*X]-RYWQM=S4^;S&$:+!2S9O9'+
M0!K<_8PQ"804)IA"N3O28>[.FL>V+K&ZM.6>#L]'N9L!U_\_=RUL(P[\V%"[
MIPTZT887!($#'##!J$#2$#.T`1G?5K`0&2PU++7SRIR>7*T($F9=I_IA_#XY
M//'(@A*XT0J`,*_-LH&$>>3<!)181&'^\0$%5,/>%QE*$F(X1W;J>]#+M5-.
M\-AE4OLG?JI..,L73F;YV"`#J9A"'7Z@`"\0X`TGV$1@+IX00/P@$!PWM\>-
M[."12S-=S`WUF,6-81N8W=.O%A&L=.2&0=3A!0HP@+I!D@(KG$#H_S!`'KKP
M@A$\/A1R!U"^]^UH1^;IU%?')*"I[I%Q<SXFC+'!)MY@@B`@81.-7D`V]"[M
MA"P@#T%`Z]Q-W.:&1(!;2@<NC7O_@[BAGP;EHKZPPO^1@4&`@`TQ,GFI(7*/
M`11!XJ28"QE"884@6``;K[\("^IP`@,4)!,&.``(0A'O+_N',4GHS9U"KZ[R
MB;[S;OY\1RKP>_FKOS8L8,,+.#`%$F`^RW")4]"!<K(];,LQWH,[XTL_X:N[
M@&.4-5D`.%B"(%@"-YB"27.Y([$!9#B%#&B+(/@!#B"!!1@C@6`!9`B%QXL!
M0&@T@\@&"V@#"X"#'S@`[B.('"2W_SBT]UL)-MN[_..,J4.X(20@I3"`+HB!
M_X`)+Q`F.="RCD,N9^(V#".!$MA!(6RSJMB\41NX!0"!%X"2%."`$^B$WK&!
M4R"`+OB!_Q=X@1\(@D#(A(M(ADVP`A-8@C9X!KTC@P,X`8FC!$KH!,Z(OY#P
MP:AKOBT\0JGP/(B(+T;DHJ/(!#=`@FQHPB,)@.Q!@<`HG_BI0GM*FP4(@A,`
M,+Y[B'^3DD9)@R!H`;!``DJ8@=XH$SD(A"XX@3S0`B\P@$2XQ(\@@V?8!`5X
M`0)8@&I(A#P@P5/`Q-MKC?8#O40LN#F:Q4A4B^@)MFKDO"NA!S@P`0,H,K6(
MBFL(`":0N$QP"0V(MH?X1`PYBCY[""T8`1-X@4A)/XM`AD'0&HA8PS_P`O1+
M$^1`LAAHAX%@`4!X`4:[(P0(`!(D`<.SB4PP"P70D2XX@&1`P?_J,,0H><=L
MK*\([$C.TX`8^(%Z9,;FD8,#"((\:(A3:(,EZ`(S(('68D>;*3,;^`!+1((?
M\`0"&(0#.`49:8AL.(`:_``S>`8!W``K>(%6F`*,+!`",(\3R,-_@<;18`$2
ML,$ZH,.",``3L`(S,``->,I_H`57*`([8`-PC`D;2`>CY,0HT4B0G,OY4SFZ
MK*]!(+NXG#`;`($@V)Z4)``.H`0=4,M'4D!0[(A3"((_.+XZL((VD"U*(`!D
M2)%K>(,7J`,XB(&EK*!.>(8/R,`Z<`-?'`A\/(L-0(94``9B?,@!&0Q/N,5`
M<$V!T`(X@#@X4,=_L,,<H(0HH$NYO$O_X5P6NQS.U^F$)3`#&/R/0/(T)&LD
M2HB!!2B&4X@!$\!![0*>%.N(`QB!Q4L&9("B5,B#$7B#=$"9(G@!4DB&!5B`
M#-""V7/#$R@!6DB!)0`!O<N&.E@"BRP0,50,@/0'>;#.>3"#++0(6B`#9)"$
M+OB`Q4.!.AB!00!*X(0GX[Q0<RM.#.V6:C!,>8$).,@!!'"%'S!%@1@$$AP3
MFB2;Z$J&.J@#BS@%.'B!',@!.RC)@CB%1.#*?S@`$PB%;-``OW`#FK..0/B!
M#S"`Y?P'%FA/0W`%)9@'*^C/D'`"2N@"`E``*:TWX0S.#?U2,`U3IA.(5&`D
M)6B#Y5R`0)B'_UDY,2ILQ]="@2!0(XNP`0/`C#$(B6JP@"!P@P]X@0\@`;(4
M"#(@A3;X"YD4B`WPA!B(@6ZP@R)`A"4%"2?0@1/X@%"0H+OT4C'M5$_]4IBP
M@2(`DS0P"#+8A%:P@&18T69ZK3^P+H]```2(0B!+!D#8A'RLS(M`AI0,@@C"
M!I>$@SRX@C&X!JN#B!1``4WM4@O]5&=]U@V-BC'@!3N@K8=(!Q.(`7``M$,;
MB`S(@Q@0QCKX1WN4DF(H#Q,8@4`-L&-]5DZ%5GBM#B`8`AH0B$.8!$=`@WC]
MM2,9QSR%B+;\`7N(AVWQ#>WL"#+@`$"EA'DX@$%UOE*!N1;8A'@+/?]X?==]
MS5B;:(`GP"(&6`4TH`-OH"4"X@$!8-(#2J"KBPHY:-F+L`$"^(%06,M_N(0!
MR`$PH(06@$N+((4ED`0-2($7A+UFC)+6LEAHQ5B-7=J/(((^P"(A4`,&8`!H
M:"4"P@`HD"@O`B,Q6CBV@P@+>`$V@`@6Z`0=T`@7L(`3>,-`6%:!2`$W@%'5
M4)*'0EIW;5:FS5NUN*)_B-JIK5HNN@$JD*A;RJ5=\MH)\PAD^(`3<(("8H,3
M`(.5,HEJZ`1@6`+;,8A%"`)L$$Z[=59IU%O1[0R^_=B0O0"2+14!8`09D(9_
MB*C7E2B*LJB"B`7;O5W<S5W=W5W>U=V&N-W_W^U=VS4'=S`!,,"#W,4#$T`'
M<4B(8+A="+B">2@'/KA=/E"$'[@""!!>[NU>[_W>W-TH8@!?\BU?\SU?]$U?
M]5U?]FU?]WU?]!V@AQ"">ITH?&6'AX)=U%(MUD)<!/R(:KA%+OV':E``2BB&
MSSC7)>``+2`!`_A3#G#;COS<T:U@"P;)U?J'^\JO_5HX:=3(5'"#QA4(20@"
M2>`],A"[%T"]-P@%+<Q&"KY@&9YAT3L'(2A+(2.R(VS.CV"!5.@"2G""8J"$
M#Z"5V=`Z)T@$2<@`FJW&&*9A*(YB*>Z,:OB`(*B#((`RWO-48CNZ*?YB,`[C
MSL@&ZQP$&>E6,4YC_S5>XWVEA4P@@<7;8C:>8SJN8SN^8SS.8SW>8S[N8S_^
M8T`.9$$>9$(N9$,^9$1.9$5>9$9N9$=^9$B.9$F>9$JN9$N^9$S.9$W>9$[N
M9$_^9%!^G1L0``'8HE`^951F1"`8AGJHAV&0WU2.95G^L0X(@UW8A3#H@"^=
M@%J8%U[VY5Z6ES.8EV%^FF+NEF,NE5J@W6Y99F-^9GEQ9O^8W0FX@$/XL2KP
M@PO@@0DP(`1*78^H!5V8%W$FYW&6EUF8EW1^FG7NEG8N%5T(YFZ)9W:N9WFA
M9_^HY5O.Y1_CY0<H@%+8VC!Z6(@HYV@^YV9&Z%)Y9U)AZ(56YWG!YWF69_]W
MMN>)_H]5;N57/K8)>()#*%Q=XJ6/,.B$-F>(1N?7<6@I4>DHD6AXINB'/NF+
M_H]1+N6'6MW6_0=NX`(@T-^*"@F25F:%)I6@;FB91FFDGFFEKNBC)A67%E-X
M<(!>L*C]7:TB.X-9R&JMWFJN[FJO_FJP#FNQ'FNR+FNS/FNT3FNU7FNV;FNW
M?FNXCFNYGFNZ9FM8B,0Y\($"L`8^V&#]FF7`#NQ2$0((^*Q^"+(A:V+!7FS&
M;FS'?FS(CFS)GFS*KFS+OFS,UEAX2``/J`$6&%QKP`13'DX&:(!CF(,)8`!"
M\`!J`.>>R"4>T&4&H`8<\.P)6(8A<%T&$``_.(?_SF"!&L"!UOZ'"<"`&Y82
M:1B"99B`<ZB'8TB:&9GMVC:@83B&T?8/X!9N6A*";8B2V\YMXK8&:Z`"[\9M
MUU4:3CC9**GI&Z@"\;8&]?Z/<_`#`0"@!*`"4("'&>8&3%`!39"&!#@$<H"&
M78B27<"!,$"#!X``2$":&6D`3*`#*G"`!K`&"*"":^8,%L"`7ZB$"?B%(\``
M*JB%4N"$.'@":7"`;>`&\N8,(1@'#!@&:O@'3?`!"$#N)X@#3B@%+%`!")`!
M_080$!?Q6DB`!/CQ(/>/%X_Q&9^`3Q"#*"GQ$Y<&-/"!0TB`*#=Q%)\&;P"M
M*,EH5^Z'S[*&89@13>"&_VW```P8@@0(`Q6087@H@!4@@@)PAG]@`!R([_]X
M`!H@A":0@3B`A`88!D<0Z>I0!@_XAP90`QZP!@;@!F](\LT`@C7``D<@!P;H
MA7J0@6&F`BJ`@@D((%A6BWKH!08@AT*G@TG(\!D9`O(^`QD0B!M@!&:NC@>X
M]$ROAPF(`S]`'0`I]5,O=`]X`A^($D[_!RH8@G?P@3BX;O\X]F0_`F=H]BC1
M9US6Y1N(A@+':"B`APF``@_P@4GP@6608190`5%@A6C@@;ZE@2SP;D;(`BS0
M`Q5@!#7P`0]P[<WH`TYHA$:`AAK@@B?PADCO#`8H!2ZHYFNV!@_0HM>]`#T0
M"/\U>`?.\.D)4'@I8?A_N(&(AX<M*(49P7B&QP)-\(8CT'?+\.E#4(8:B/@9
M<?B(R@)KX`)(0'G+@'EK6(4PX`)<FA%JMF86X(8MF!&^_0<]@`!&F`09J(<9
M9H`S6(8+$`06V(:A-UI!T(=)0(4&@`0`L`8`:`8`88%:@``><`06$`)!P($M
M4&R/:```J(%;QW1-A_9/#W4!X@Q@1_4'P/@H<?5_@'46J(<G,'1;QW5-%PAX
M4(.[_H^\]P8C\`$H$(,+D/3.@/8A$(@'@(+C_@_+IX$$>(`UV/Q\MN5KSX(P
M$(09`8)N__8MX&EC6(,9)NP5H`(@J`(`(`12H84&D('_7[@`6X"%"W"H_\@"
M8XB#1H"`SJ(&5CCOS;@!(\"$0_CP$!\'(9!R%%=Q;M"$SECR(_@%XO:&&X\2
M:<CQ'5\&&N"&!*#\SAARZC\$:B@%B0(0[O=^#8:"+)_R&^B`%;B`^P>()]+B
M#%MQX1_"A`H7,FR($,BP>O6&`5G1:X+#C!H3:N*VS<$O'!W6/=EH\B3*E"I3
MQFETR-:_<X<PKD0I8(L'".>V<:(R[$9-C4UP'"/$0(BH8U6",I1F[6D5!M1P
MU&`Q8=D0:?\8"/!SCJE"%C5P4&.P%8(0L!NE#5DVX=#383#5,I1*E04&*G-H
MT@T[MBQ">-SZ,KR:]1^\=<?25!)6:%CKOT.+&R^\(4``4%UQ*"L\YT<``P8-
MAM3[RODTZM0K"?T2PH`6D`8-;-%2;?LV[MRZ=_/N[?LW\.#"AQ,O;OPX\N3*
/ES-O[OPY].C2IQL/"``[
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>8
<FILENAME>b73233a1b7323304.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 b73233a1b7323304.gif
M1TE&.#EA?@':`/<``/GY^>9A9>166O#P\-7&Q^'AX>197:2CH^5=8>E^@922
MD^-*3N[N[O;0T>?8V/[Z^N.[O?OL[.7EY8R+B^9F:?[]_>9K;O3`P>-05-]0
M5>--4OC4U>=P<_SU]6QJ:N=O<M[>WO"DIN3'R-C8V/WV]O7(R?WX^.)%2<[-
MS<G)RGU[?/C9VO;5UO&TM??9VMIF:NV6F?3T]-75U>AV>?.YNOKJZNEY?-'0
MT'5S<^R.D<:EI]>YNOON[O.\O4-`0/&PLOSP\+BXN.AR=>N%B.F"A.=I;<+!
MP>V:G/G<W.V4EOKHZ-B:G+*QL?+`P?C@X.ZAHIZ<G?"KK4M(2/SR\O3%QO*S
MM+6UM65C9,;%Q?GBX_O[^^ZJJZ^NKN^DI?C>W^V<GKZ]O>EX>ZJIJL:=H.%!
M1=._P(*!@=JEI^V2E-R#AO&NK_;V]IF9F8:%A?KFYNZ7FNN)C.?GY^Z>H.J`
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MH/OM[?SQ\??6U\U\?[*SMO3#Q.?@X?G@X>"`@NR5EVIH:.OGY\N-D)&/C\C(
MR.C.SWIX>-O;VW=U==S<W/SS\]?-SN")B_?W]V%?7XF(B-^1DX&`@.>:F_GG
MY^OKZ_KEY<.MKW)P</___R'Y!```````+`````!^`=H```C_`/\)'$BPH,&#
M"!,J7,BPH<.'$"-*G$BQHL6+&#-JW,BQH\>/($.*'$FRI,F3*%.J7,FRI<N7
M,&/*G$FSILV;.'/JW,FSI\^?0(,*'3HTQHT\%>CE`3"P`@AB(Y@VU#+"X:@8
M`AG$<2>5J->O8&%J43#AEC!B![`*7-,+1Z]H#F/<:CC`7QR!3&Y!&6!Q%+VP
M@`,+5C@`V3XSSMI4'1A#!;%J;?XRK,"7H39[%02*43<@<T4<$@:+'GUSV*+3
MJ%.C)DAO%9-:S905;/QX`BY\W%*8617-RB!`S=IY6#;@"HH)]*Q`B2/E7*T)
M5W8!F,#%&8YS.-1YN.$+T+)]8O`H_]"FXHJZ.!-0T$O_R-^@75`ZK1I%NK[]
MEGR&Z=_/?W]!$.I`@P\8ZH#!F`K9+7.'$3&<T\X[>(BAPCX^:*/-*OL\0HP*
M,6Q6P",2X`%,`?5(,`$(JS@#0"_JW`&&&>LP<``T`#"PB@Q:6`&)8XVM4V$<
MR`QP1P'W%6ED3A7L8H4_3-3#@$"-05&`%G>`4)@1Q!"SV3^/[%/`'1ENV*$Z
M7_XS9(9&U++&('G\PTV+[FC#AC)F&/%/84R-@`N/CG7)Y3Y#'BGHH#"!P,T^
MOD!SA5HQF)&"0(/0QPTWZXS`A0+_X+'/*(/L@P<(D("!@P*<_A.II[S8>0`4
M6%RAP"#!8/^Q&3$3&+',`=Q$`XDS4-S"!!XI:)KI/C@P41FAR"9+DCO1:`'/
M+=8,I,4Z=_T3!%9:;'-+,/`L\X\5],001'):+',+&,N(:VT,R1G!UP!<0&%K
M$!)``TT,6J"@3C4Q;*,.7`,P`<4V<8#[+3VC0$&?L@PW[/##$$<L\<045VSQ
MQ1AGK/'&''?L\<<@ARSRR"27;/+)**>L\LHLM^SRRS#'+//,--><40S5W#$!
M`TQ<`457-@=-<0R0*`!`'"\.<,`!0C<],0BU+(R/#'?6HY;36#/L##*#7&$%
M'D3^F?78R3J#2QX,^.*#.__0$R39<`LZ"B\%Y-$&)+>(VT;<?!?_"4`TN%Q1
MS3YMU&-&M7TG3O$RP#3N^..01R[YY)17;OGEF&>N^>:<=^[YYZ"'+OKHI'^N
M^.FHIZ[ZZJRW[OKKL,<N^^P8F?``[;C?],0*N?<^DP:4^"[\2XL,,_SQ*Q6/
M_/(G*<_\\R&9X#STU'.$R/359W_1]6C<KOWW%%UO!PG@EQ^1^.2;KSY#Z*_O
M?D*;+#+^^_07E(W\Z==?/R:+*,*#_OKCWPPB`,#]+6*`!:2?``F80/==XH`,
M;*#ZHK`(#F!#@NM[PB*D08V2T0,'4"":X1"'0=TM`@&;*-FO"L0&<6&JA#C1
M(`I)-@H%O,D#;*/''8X%0YK(,(4B&X`"_ZRQF4")K8<UD<,)@1BR:-RA#5>X
M0SVH-@`\7`V),IF#`53!.Y&=A1BUP($5S*`T*&"Q)D68@RHL83)G!.$?N_`9
MT!+"N-(]3A.PT($=]\C'/OKQCWN$Q0LR,`9`&O*01&&%`3!Q1H(4@0@(X`/R
M7"``&C1R((^,Y"0%\(1+"B23L]CD$3Q)`@J8@P*MV.0,/-F-`/Q@!E789!&*
M<<E6M@"6R&M`*"C0@5H&X):QC(@)4G<)#02@&[X$9D0Z@`HWH.X""T``(I(Y
M`S5$)`L:H,(S%R``%US2#0BX1!V^$)%7+.`"V^SF)5U@`!?8P1P1P<0"+'DZ
M:)YSG0)`PCLC\O\#[/7-GNAL)"7U"4^(:-!XIU.#`1`P"7P2-")U6$0.AJFX
M87S@`P@](R5E@8H<1*0(^#N=16V0!.]A\16A<,,;5OF04I)A"/$0Z0=2,;^!
M>.$')12'!AY@48BTD@(V0&9%/W"$(?1R((TX@02S0`L:+.`?/7T((A!@@QD\
M0Z91""I!3..-!K8"`9]X:E0=0LDN4$`0,JT"`@=BFFDF<!(&^()8/P`17=)@
MAHDS`1J(0`5I=/$?Q3`-$P'XA`40X:F30`!$H-D`52!!<21X)RF*4`>*ZG41
MV6C@$\A@@:="$R)5"`4K5-$`R+[S`93`0`L$$ME%,#*!.5@$&2CPC\__/D0.
M%MB$)A,7V8(R@@+D:VTC&@C21=#5M@VIP$KY4814\G:?_\"$-*XZA8AV,H'%
M/>Y3'1+95$0`E\\MJ"P,((M_?'<1URU@=FN[W89T8`CF^&X5Q'$!SR!+"Q)P
M!@BT\(_\@L"^*>G`*6`@D&>$PA/FG<$BBB"0!_#`I.OK``6(8-Q_9`(#0F6(
M?-^;"@,855GP4D<MM!$',T"B%E1;"0\4L8>!+*`'_ZB!$!8LD$THXK'O:Z4<
M%D!7:JB"&0[!!@<:$5D*+$*KR=+"`+1P`#98@0D`0($O6"+?@5`@!/_(0@"*
MP,M_\&$1DLQQ`+80@"'\HY0M;@@UI%$"O>IA_Q%"J$'#M-`,!87-3RJILD!(
M^@#=FN.8_Z#!(ISKOF=(HQ$S*&@2B@#AA,ABC5"%,UZ5901(Q,"(>$Z)GO]A
M#ICJ]@C24,(_*!A,]WG!`,RH0T&IH`I;-.057(QT(PSP#8:-H!=W@82WA(&'
M.9IDTUGMQ@H,\`,#//8(BV`$_2B9A1*\HL`8R$1#^#!#/L!@M&%&E@3.P0UB
M@,`=.`##!+#0D#KN$8^F<%PA0-&/,62@$!G0XPL608=#VOO>^,YWXW20@7Y`
M+@/@`,/EUNWOQO4#%NG0-[X;$H=;J$,=P-`",<[%WY748,@#X8,`6$'M!F`@
MLQ]8!"WHAU)1$R06I_\XJD+4&L%NV"`*?%MS"0:BR`90VPOWQ(`&A$`_G3:Z
M"@;P`D/V8(/_">2]HXR;;K/-W%94(<X::,0#-,!E^B%W(,Q5]D+,4=-_F"`'
M9E;Z;O_A\BBP/!?#4$(H4M'>]5V]P8GMJD)B@8K\096N8L\VTEF.47;NV!CO
M:P$&#G+JX`F$!QD>R`S>`.`?#/X?QE"YTY8^D`?`8`:3\!\1T/"'`)1``&X%
MGS>ZD9FQ%F0&21#(U_%.$`O(H2`^_T<C/F#TR8_]'XY0!==)8(XY/($"KR"O
M^1Q1!W[<'2%'8'",A4`&$Y#@$$<-1:D%4G).&X`5,@,\0I`@@&S_XP\+R,'_
M^/Y@`"$4`1O2R&SY9J`'/QS_($\H0F:^H8%%*($%TGA"9NY)D/%Z4PC9!#(F
MH`13``1*T&@&\0T"P$8'06V#Q4X44'=`,`>+\`8\$`!-8#X&,`,:@`EH8`,(
M@0F`5@48<`)_\`,:$`JZ$`'15A`7>`D25H$`9A`F0%$1(PX?4`=S,`.UIA`]
ML`!"4'L$X8`$`4YDP'C%`'Y18`(4T%`940,7I#K>@`'B0`%O`%T&D0VA]@]#
M`$E'@`9A,`0?,`OJ1!!,&`6&]E(QA1`/0`.O)S%A4`1'<`0+8'@)$0*A<`(_
M,(->-FG_$(,(-05JD`7_4`1?0`DS=Q%=,`PV>#J;_]!-26`!6%@0FV!L_Z`!
MCH`&%*`(7=``G"1\!4$$83!>1/`!)G<0)!`+9.`$$0,$`1!,&*40)(`*1'`$
M%G`,!D&$!*%@&340.1`*H9``&/$!<"!YBM,$`<`#0)=H".$&`L`"LB``&]`#
MBZ`'T#<$BP!H!;$%%'`(H=`*`O!7!B%@>I``C<@P/L8">U92">$-OO<-JG`)
MN>B'_W`$9&!-!:%!>D!;!+$"<@81'Y``0*`ZD\!HKW`"&-`%"-$!&B`.ES!=
M+K`(JK`)Q:`&)Q```UD0GH``C+``:Q90![%B,Q`*#.@PF*`!:TA3=E<0Q_`!
M/P`$"1!V0TB/K<!_!-$("_^@"(]W=&%`3@*Q`@BV$!^P5J@3!K'P#\=P&M-7
M$.>T!XP6#Q#T#^2@"HQF$-0@`#:``"OFDP?Q76IP90]3`8P@``/!"`*9$$A`
M6O]`"0L@A/]P";E`B`1A3B`Y$,_P!\P0"E'X#]F``<#U#_$P!/RH$"<09ZDC
M8<%T`HNPE`01`"$@B@)A`</@/6\`!P=A#`L0"C/P`&-IC`/A!A9``WSF,+-(
M!`/!<@G!!ZJ`?4H@#3!'$*A)$,]@`.IG$*>FCO_P`$]P`JWV#Z!)!@R1C1V$
M.N`4E!:PF`GQ`3#0A-3'1!T@=P:A"HN0"EFF"CAU$$NW>P[#`S;@A&\9EPE!
M`Q;_X$P5X`<?T`'),`1R%IN5%PB>66#2\%K=$`:*$`JE]0IDL`CO21!+E#H*
M.)RQL`B'D!!#H`@&D($0D0"+T%`5@`9%X)8U%DE'4`=30`+/P(='\FC:)!"6
MH`KEA1!/,`<9Z008\`=^<`)J4`'LF5Q%\(:Z9`D:@%-1H`=Z,)P(@0V+(%JI
MTP,:H'U[`&8)80[2H`'>!!%?L`C#]0_/@`%UF7$8L`(L)Y[.E"RRD`!,M`*J
M\&P(0003A4E%H`$&(*(KVA!S,`<"$046)`0E10L4@`%!B1#7`Z2H,PD!,!`7
M(*<'T04G0`80NA"-(*`#$0#>.9.;0`,?<`Q=`(K(8@+'_V!2NI6(!T$!1V!?
M,QH*+9!/8\H0<D`!PP0#1@4#%(H`;R`-"`JGIY%MVA<W#X`&PB@0&X`!I840
M57`:&*H0);``&S`0"="EL!<`6:"%Y&`.9!"K#R-CC.EB=4D*,]`(QV`!3_!*
M$>00)3!=_S`#W4,#%-`(H?`*+:H0^+D`J50,42`$^]DT@9ETN?D,"#@0?U!A
M$4$"B&!21S`'T'F:`^2)*Q!R`PHQ*Y9FXZ@!^]I@2D`")@`#'!"B]=H0["1T
M^?</@:`!)W`*[FBF"2%/"!!+/&`!V@@W,G:=T[8(IGD156!!!@&MX\4'H8"<
M$"-@!'80SMB#!I%:M-!U0=:"P/_S#Z20"W9`0'*@?"$83;%D":&``%,*-UH6
ML`RQ`0N`KA4QK<.9#$=55/&@9>)P&ESI,%\GDP4!:W)I$.-E`#3K$!C0"-A@
MGP)1`9Z!C(E7$,4V`T=@#&AP`F4(-QM`:P^A6TEJ$</6`!4@M'-P.[OW74<@
MMT=IJW90JX-A>@0A@FL[$-Z0"R$5$4(``]\0=`8!:ZX&H@'P3J!Y"MO*-Q>0
M"YG;$-T@!]AW$8*`2I.%`,*W>28@D@80!JP'HKDP!482!0:`$-RXD@-1#!08
MM@T!JCU`K061!7-K$$^PN3G@B0\K#GRC!H;I$!5``HC[$,\P`WOP!100"`(P
M"16`4<7_(&!D(`UOH`$+$08;:Q\E@`'D<!!OP',)08W`RQ#BF0J<.HXV:1"Q
M$`86I0:'J@$P%C>I\&$I,8LZN8=/<(L4\'JSN`@40`D:<(X$40Q%H`HVBA/6
M0'$5P0-",`2\*P0%A1`1.;\+4;=`A1#2EQ!%\`06]07T*JA\,YHIH5SC*VK!
M5P(:$$O%@&Q"@%*A-XX4<+PV`0_O(&[D5A&6`*X`5@$KK!#2PXX180L4H`=,
M2Q!"\`%:Z@)%^DE/$`(!8`-H8`*Q&#<"@&4K\0,GH']D9P-OP'^F\08^IJ4'
MT4IFFQ.\L&OGX&L0@0H6@%8#T4JOE1!V\)H1,8&+0$\&L0)S_W`"-%"Y/HMF
MT&0`UN2Z<&,"#<D2&Q`&1U4!DR``'2@0T+0%%UBJ!C%5^6L3F+8/>AL`_OH/
MMI"E"]$-?<H0#Y`$B_"F!A$/C*`!N7`"?TEV`7`)T/1QG$;"01.-,#O#=J=(
M9:A3F/``13"H!4%))W"L,Y'*%F$";X`!*L=L(8'&[9L0'9``AJ6-@.P)H7!]
M]4BA<",.TK"7+V$",U"&+"``Y44$=9`0NK0(;X@3NP!E*+`*#<$`PE#0!GW0
M#J`*E6#0$*`!#G#0$!W1$CW1!BT"=#`.%%W0H^``$&``[%#0"0T!(A`*TO#0
ME?`!#YW1*KW2+-W2+OW2,!W3+YT(%/\0!S)]TRK=!Y+P"RF=!Y*0!\)0"0B0
MTA'-"0M@`8F`TS(M$7&@`B>68@L!`L$PU51=U<%0"J5`U4MP`E;=U5[]U6`=
M"6!MU660`3N@#<&P`V:MUB^`UDOP"V4PUG(]UW1=UW9]UWB=UW5=!CJ@#;]0
M#GH=V'0M#Q"`UE:MUH:P#*9``%:]!`L@"G1P`X*=UQ,Q"OI5O0^1?)X1`HH5
M$_'PR?]`28C0FF\@$$X;$O&`V0YS!!_@!+E`:#KQ`(R<#0M0!0`6?]HI*--Z
M5<K%4C'Q8M07"DK@#8J@I1WZH1YA`JI0FQ4#S1KP!4*<$S9`"Q9P`D7@Q_^@
M7$)`=+-,&@O_^X>G4+@Q80!."$W#Y`:>@:5RW!&(<,H3TYHG(`T+D+`YT040
M>P0"L%K9/8NTD*GVP0.??+V.,!-C_';_0'D?@0AZ(,T3@P0;*)$_<0B+<`+=
M``<(``0KH`@-\$ZM`)Z#@@$XM0("0*PP,;,=X`4P8+X%T70@\0K^-#$\6@(G
M$+(]00[2,$HU$`8"H`ID((I[H(N"LG@5$+I="Q/F<`K4D`L!H'4$L6D=P3\P
ML*X/4PQ>?+VMO!,=0`,XE@46H`APP,M54+?);"0Y4'=?X#\SD54M8``-P+O<
M>>4;T02+$`N\"S&S.`050`Z-&]OVY081\`IZ0`:MX`6JX'U&L@=6__4!;R#E
M*]$(0C`#0H"A#Q`""S`$QM<1&D3`%#.?3!X6`@!F1PL2#U`%T1H3%T`!7I##
M-'$($+L%[0B.^,@1&H1D%).Z3?H5J7`"&V"L(($$9#`)C+X2NE0'GSL37[8(
M)'X0UAKL$Q$&45DQE9NK@?$''.25($&-ID@3/)`$%)`$Y;H2W$<&W_X/7W"6
M'%$$NX3=$T,#'@X8#O8`).`'%J#:$Q$+`D!L-E&#-4$-`3"["-$*X\D13#@#
M]!@Q;T"OI$$%&C"Z&U%*G^"@'2-C5XL0P3?F%W&!.9!/%O,!4"P:%UC%&7%J
M@7`)&)`,'/,`KX"+"Y$%N:`+#981$1``G_]P>Q%C`@OP!_:A!EO($=`$!!?H
ML2@#DYW$`Y,@#O2N$#[6"#3O=0Y#25L\&C6``7:8$52>N_\0"S,@P21C`GY`
M!!%`"V1@`('PAQ5!2;,0F@61#-[>,"V0C/<Q`W77\'90N*S&\">C4`(0`'R0
M`!B``<0K$2CU#>"%5,4>&!40`46K$!4P!_E\'XV0"Q<L$>^>FWN@"@'%D#]`
M2RG#"G;P!$CP`"IE!]'M$-#T#)R8C_<X&$B@"!;PCUVICEF@"OIM'VF)\Q7!
M`G7P!VWXW+8K$$0PF2I3`=Y@4@_`@M(V$=`D8"$L$!'%JV%A#$(@WZCPGKHI
M`')0!PN@#T4"DZC_4!%`0`MZD`N?(`!?T/L"(0CD</0D(_44X<6SZ%&.1`8D
M"Q858&-%L`(N$*-\*&,4`!"AI/'Y5]#@080)%2YDV-#A0X55,%R#J-!1J`:Y
MR,"IV-'C1Y`A18JD\$3DL`\5WLPX2(+"#`'?1LZDF7#3!VDK"LZAU2%A`P&6
M/*UX4-/HT8995%TXR(-248,7?GA#6`'!$1,K]F!#VM7K5Z,)T$#U^`#&AW\H
M#W8+\"D7#;!Q%QI3--!@%0MN$JHIPD_NWY$/YMBH8/`'`B0&#RTXH08A(@S9
M"A8K!MCR9;`PAOC\2,*.N7]J#!Q$A*!)G2.8OQ8V<8J"3H-(!%!)R.$-_UG5
MN14"95'0)9D])/RHPC!ITHD+Y$P4_!&`AV[HT3_NL='M8PTU'$"+T\#YGPL!
MF]`0D1ZR6(WG;M288&7@#T(>BM[`#_6^O'03`B85;F]`494%Y"BA`F_D,$`:
M2_YY((PA[G/P08,:^>"8C[HX88$6OA.@MX(RP8`'M2"$B`<XCJ@@A!,:F$0`
M$JJ"(1>$_E"%&A%U2R*O?V@XH0<!,*!E.=\"*8*1?TH3IT8D=;-$%5G**D(.
M@SIXLIAG3+A@@;0LJ+$"6X`PJ!ARDF!DDP=F82R+,!:0Y@,8%&(&`T0,>F`&
MCI+$S)9<:)D"%2*P$>*$9Q!Z`(TP_ND!`R_M5/_TKQ54><4$W+Z4Y96U`FCE
MH#<^L&4(<=00(+1/1<1FAA\,BF".7*0)8(,W!%@`%0.ZT&.!$A1R`P&F"E**
MMD4!>Z`%#.PP(`H36G!L+PR$0PNI&+BXHID8_F'B"B@`Z%7$31#X(PQ*%+HI
M@(-D,:!)@SPQ()43PAA&RRMK?&4C@U:D@H4/.%#EB`1.$,(-#CC@*J$'BDCB
M'V.`T)&J:__JH!$*`M#)!&,4\B245X0PB5D98N!E%V+,&."``Q)^,((9`EBD
MCG@0B@`!#,A(N;`>NCNH`S(6P<``&\B[1`.HBL%FDC\*,ZB"2..*8A$#"B-!
MO\(V0,``5AK08Y@'(LC_@J$]*`!BA@4,J$-D"",(@(B8P-IE%WQD^&>`>J(%
M6SIOYE@D@%RN_F>%#4R`(8!&!'"!!#5JF`1<A(3`H(430@&M@5`"_8<?13!0
MQ>Z"]I`C$$_REHL(#4ZPK@2H"ZK@@CU,,.$-V!IB1A5*!)CC@TO>=O`!#A8)
MPSJO8FBG@#L**.B1?62/SK,3Q!%@EG^\F4&:-T*A00EI2O#"`!AR:!"A$AJ9
MX@0]3`(OSG]:4.50-83>9`$-0@E%@$OCT@`.`SSYYY09@/R'Z(),J,RA*18H
M0@!O'*-%PBN/'!8!`Z'19!=W\,#:)H"%?WC`'?^@!S(&\!`&"$.#&^1@!SWX
M_T$0AE"$(R1A"3<H`@@X@!")0,<6%O`"/91"&''X12(XP9A0)"*$A%A$)80A
M`@&P0X/S(,(X[E$$!P@#'8KXA0-$P(YY+"`3<3!A%87!#@Q`0!KY8(<!)&'%
M#X)B$?,`8QG->$8TEA$"&8!`'ZH(D1@<@!M:^$<0V!"#(+0!(B`(1A_]^$=`
M!E*0@R1D(0UY2$0"4AMI``4!7C`#`G0!`GT4Q0O2(`T-+.(,@]3&/32I#0*`
M8I,RL*0V=J"*0@3#$`N01!^U(0]1P&('B:2E#`K1R'+`PA4:D`<M!UD.,K32
ME\,D9C&-><Q@1((3O:0E1$;@`RG<@1L,:$,]S!`'`O_>YP\:R(4`)'.0'PA`
M"#DPQP(VP)!#+`)Y;,%$08;UC]-)@P>QH(#]'B>-'$S!*V&80P5:08;BU$07
MBG!<-@UZ4-EUH`I/$(<]_\&,$VB`!H+8PG,6PH,6U.`?0,C%I4R@`5Y10QH<
MP$A"^&"`!+#B`168!+%FPI8>_",9"/A!T1!Z4YSFM"-*6,0)SMF1"A3!)-0H
MV_WD<((N.%1!)0B#-,3Q+@1L0B0^>44H$O./32A5IUOE:E<?L`@*V.(C0OU'
M)J2A!(,`X0\(2PB58F&``ZFB5"!Q0P*2T8@3V+2K>^4K3HN`LH^$(1;_^`$%
MO`.1*23!`%F0@P"TZA!*+"#_%JBP05\M>]F;MD`7>F7($XKPCQQ4]B,\\,(_
MOB&`/3PG@0YYP#`N9("+85:VLTW8`Q[;$,_^XP.I$<D#JG""`!1!$=]8[4+B
M40<BG&`1N:)M<YU[TRKDP@L!:`)-6'&$(T0N"@\AQ5MR(("K/E>\XP4;)@(0
M"%5PJ";>\(,!M-H!)Q0E$#'9P`]21E[\YC=)YJ4$!OYEE--^\R!9J(L<@%`%
M?Q%M?_IE<(.CXX)0A($"7:F`'83@DTTTP`0;,(`%)M%-`]AA@`XF<8DO@P@R
M+&`^77&!!O[``PJ$PA)^L(`@*D`*1BCB#PLV<8]]C!1$+&*Y7ED02A>`@`^$
MH@I"_WL`#V[[8RA'N2*+0``YOA(!6AB`"J\P@!#8*F4PA_DCBR""/K_"`Q<0
MC1(-$'.;W?R0!3RAN&^F<YT!$X\YVUG/>^9SG_W\9T`'6M"#)G2A#7UH1"=:
MT8MF=*,=_6A(1UK2DZ9TI2U]Z0>!@`&Z609T.IT;!H!`-YJ>;:A'O6GIT`,'
M4(@!)*R)S:,$0QBZ`09T:IT;801#-[*F-71RO>M92X<)>%`'&.X8!`4@A=>Y
MN36S=?/KW"Q;-<U6#;15(VW=C$(!W%"'!"EXAPL:!=N7H39FRFT9:V-FW)8Y
M-[IU'>U@8V84Q$#!`!1@#3&HHW>_"YY#,DC"%(P@C6:<QO_`"6YP,(X@!0BW
M8L`97L6"/]R$"I=X"1U>\8800QU0,,(=:G&%.]1#;0/`@]L:PD=DIESE*V=Y
MRUW^<F2&`^8SI[G*(2(,8A"C%CBP@L<.``5,,QC5B79&$/ZQ"VI9*^A+9WK3
MG?YTJ$==ZE.GND*L<0LP:$$+(U``&$S^E0%P`0JCV+H"C$"/O^Q#&=R0@-!`
M8/2J'^`.(2L(`VXQP;C$X`;]7MLZU`88&12@,*-8Q]#!`H]W@.&!(ZB%XJT@
MEY]70P6CJ$80WF$-N<3@%@?@`B^"-P`/#`(PTZK6/QC`B[G+)0YM\(#:"M".
M57SZIFL?@#JJ49!F=&(=<2G`*F[_X8$1:($)@^"&,M*.#UZH0!G$P$<SZC$"
MN?"BT\(XQRV,#@(]@H4>5[C@+HRN!4AL0R[NN`4#Z`$)+`!`#-RXPU\Z]K$#
MQ&$58`"`[^)2"R,P``?:P`,(1M!`G%H%4;.&=_B'4:@%?R"&N!`#+OB':,"'
M.#B'8.B#/$,*+$BV$5B%`V@&`%"`%)"+??N'1U`!!=R'1^"]]ON'?/N'/E`'
M>)`+8E"!:%$',=`&*+B!%(R+M%F;>MB&"0`,MHF673@`7]C`7L@I7C"Z!8H!
M,Y`!$HP+,%`'+;"".[B!1\`!?V""O]`&%0``%/"!$?`'7."&K_.*$!S!$CQ!
ML."=@EA!_V4X`+2+BQB<03&`A!1@0Q"TOT?PA7JX@]A#P394AVB`)@C"*09H
MASOP!TB`!E\`AJ0#"P"`A#MX!URX`1P`@%&0`CJ*BRED("E0AEJ(AE6HA@JL
MB5U@`B]<!6Z``BU8AV2+BT$``0#@!2QPAE4H0Z\8!5XH@'WHA2"X@SM`AD[@
M!J7["F^KH`G`AW\`@7.("V'``VL1@WJP!P:X@56(0X2ZH'VP!V>(P@FX0EQ$
M"GI@`R:0@&L<A7K`1DZT`G50!R/X!VZPATW\BCA0`4BH!1F0`'6X1P6,"RMH
M`W7@!7<`!!Q0AW[4OEV8`'N`AG"3@"OX"SO"HS98!UX``&WP!XJYB+T8:(-V
MX`4M$`9`,#R#^D5_X`*EHX<)0(&X@(<[P`-\B`$M:`8\``1H^(LX>`<\\(<1
MB`:0&P1GX+%<=`80J(`*$(84D$6Y6`,9J#>]R[E1^(L8D(%E&(#]`0"\R[MJ
KNJ9FP8/+DXL46(4KX`()D#L/$(-2K#JT3$NU7$NV;$NW?$NXC,M)"P@`.S\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>9
<FILENAME>b73233a1b7323305.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 b73233a1b7323305.gif
M1TE&.#EAF0'D`/<``/#P\**AH8Z-C?WR\IJ9F5A55NCHZ)*1D=K:VH:%A<:Z
MRS4R,]G-W5534^KJZL_.SN+BXEU:6U!-3M34U-+2THF)B<O*RLW,S-CHV.3D
MY-?6UG9T=7IX>;*RLJ^NKIV<G+6TM&9D9-#0T'Y\?4U*2L'`P+:VMI64E(*`
M@&MI:;V\O&1B8I.2DL7$Q9>6EL/"PKNZNIZ<G;&PL'-Q<:JJJLG(R,?&QK^^
MOH2"@ZRJJXR*BW1R<JVLK*>FIHB&AV)@89B6EJFHJ&YM;6!=7I:4E8!^?Y^>
MGJ">GVQJ:J.BHZZLK9R;FX."@WMZ>IV>H:6DI$5"0YZ=G6AE9H"`@*2CHW%O
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MT+6WN>+AX4I'2)W2G/___R'Y!```````+`````"9`>0```C_`/\)'$BPH,&#
M"!,J7,BPH<.'$"-*G$BQHL6+&#-JW,BQH\>/($.*'$FRI,F3*%.J7,FRI<N7
M,&/*G$FSILV;.'/JW,FSI\^?0(,*'4JTJ$XUA%;8^7<*B[<3`^T06-'HC-&K
M6+-J!9FA@H1._\J,*>@A"IX*&K:J7<NV[4$ZAKZ&'3OP#`I/?70T<LNWKU^B
M<CUY:R"CS[\T<M#\&U,FW97'D"-+GDRYLN7+F#-KWLRYL^?/H$.+'DVZM.G3
MF_5ME"OP3H,[_Q8E4"1;T=_;N'/3E&O&S`-5<=S5472"3@5?NI,K7TY2D)E_
M(D+@J//OA+LXEU($4L.\N_?OX,.+_Q]/OKSY\^C3JU]?DXS[]ZL*`B+$OKY]
MHEGRZ^=2D).V^P`&N)-^^Q4DEB^^!$+'8>408H8:AA23AAJIP.,,'H1@$L<;
M$:8AX(<@9D1@?OP1)%8(NOBP01TF'+!$+XX0`TL`I?C`P0A,""#``R9\`,LI
M(08I)$0C9E'B0&)Y(T(I#;S``AU]V#$$'79$D($<N(1211V?Z!(!"21@,>28
M9!Y4Y)$")3G'/]XH4@&44E)I96)HR)%&&0E,J88F9?99YID%20-*"!G\$P("
MI^#P8HPSUAA((#Z4(FB,X]3@YZ5"`DK0(73X\L8_GII!B(,02DCA'7>DH@:G
M$`;R!::PQO\JZZRTUFKKK;CFJNM!6_3J*SH%L?+!1*/<\6E'Y5#QQAG/U65*
M(0L=HLNNU)[DS[78@F$@71&]\<@?'J7A@!HV[#408HHI%$<JU;8[$K;9;BL0
M=MJI$8@X4@#R3QTX;,`!=?^@L@`)7[20PB5QG#!.`(*,(X0%.)P`FT`=A/!$
M&H\,`8@9#6]0C"^<B``%%BW@$,(DZ`KT1A3>C',"'J9L8$`=)W`<\<3NYHP1
MO-=J:^)8:@0`2B=%7%!&+@@T4,<&$Z1"`C.!H&'`"&A8L`,EZL3BC0EL>N#+
M,2(D<(E`LAAAQA>E(%!"*[Y(\$HJ2'ABIUB:.%,)%*DD)E`4`6C_XH$WAQC"
M0CN&>-.)!`^@,+;.C%?$LS\^(SF6727DU8A8_TCPAP1Q]%&`!:",84ABG!1`
MS!AH>`,)FW,<OE@9`C5AB$`(''"`YA+PZ0TG<X\1""@N8/&'WFRN#DD!-XR3
MBQQ_&"[!ZXU'+]'CD:<)M-!$&SV6!(-LX(XUQZQYF!RB7%!$)[UYLZ;ZKC,F
MT#IF?W&)#X#@?@'<H<QMBAR!1$+"\.F*`A4T$8!6^,`$.6">\Z`GO08VA'H%
M:8$WO"$'`&1G.X'8PS^<0P<.S$`"S?H'(5(P@4"DP!1X.`%U5,BQ?^PA$`-Y
M@C>>P`L="$`0D9"``#P&LC?000[K0$("_YCP!4X@YQ]F6`(T(B:)&6B#$U^H
MF2!<"$,'6C$A;LBB%C$PD1*,@0@=^$@=(A"1/YAB'"Y@UQ77J!)'H$%"'XE#
M+2)""%$$0HULS*,>]\C'/OIQ)'`(I"#O41",#<$3+8R)"@]"LX6\P8A_7*,5
M)DE).!0D%`FXPQ=<MY!GX(P13_B(.]Z`!F<49`[>6(@:(@&`2%Z1DI4LR`MP
M`);#Q<(29U##)I90B#Z8(0B?.,`"UN$A/&@#"YX`0"P^T0DZQ"(&@%@'`2#1
MB$>$$`^G",`7\/`!7`+BF2TXPQZ:%X(Y,(,`,K`#*@6BA@P<(0:QH,,$0'&!
M.-2`#C3(P0<,X/_*Z,%RDI8DB!E.L:+#T6`$-D"$#F`@B!*DHA^R0`,4+K"(
MP\"`!(@@@`DX08!$1$`1G)`")V;XB6']`P!46$<-,I"!%J"@!)SX`24(X(@A
MN",7NJ@#(&P0A0]@(I7_Z,0X/""#`B2B'"4@E#@2@84DH&('5NFG3.KP`0U^
M8`:3&`@=M`'#";2C`OQ4RS^M$%#Y2"$5SV-,(W30AQ*@``$%B$/F1)"+(>P!
ME7B00`$FB`9UW`%S7UGG/R8P!D;\HP\W:`<6RE`&MJ)A!!*8`V/2H`@FD$"!
M`NGK'<S0A$HDH0H+`*!<6"-5F$!`$&/YPAL*8-A_S"$7L`/`&6[@@XK_;F6L
M915('?!@@'G,(:UEJ`0.`/`,%_Q4("0(JVL+D(84:*`/=ZC3G;;7"<%NXCB+
M^,(0$(`#QOHU%BYH@&0?40Y=(&(=F/V'!E"0@50,X1(1P$0KRI&8T8*EM#'!
MW#\0P`&Y"L1]`@G`*;ASVW_F]A^%"($0`F&'%?SC`ZRX`PU6``HZT`$)`BE"
M$U[UCS.L`!:%:`(T)E$(4YQ!6/]0RH55%HH5!$,#20B!%%A1A@9`8Q:(0`(=
MT!`!&GBI`J;(L4#.8`EH;(`:%VA"+EJ!B&<I)<5+P2],,(>';9AR(`!&0Q)"
MF"O_0"0-@7C%)(+02BGKQ#]Q:`(!7O&&5,#F_XEJH,0&1)$-`N=J/A"I`Q6(
M`44S[V0^9QB#H,UP3Q$"H@\O$/0+#)/'.)1B%'Z.M*0G3>E*%^0]F,ZTIC.M
M#$M[VB-%"K6H\],%F+RA%G+MQ`,H<*Q_J&$0A;`%I#]=K5';FD"E=DD?X$L=
M&!P`!8X82`9`(8!/E)G6N[JULG/=DEL(0"X`T(0&I#"0(U`!`.1X`+*IE8=N
M>_O;X`YWM^GQDMZPI@^-T.#X%`/@;>?J<?".][6V$!/6,*,(94Y9N]U]*WG[
M&U[TAHE<\'"`%PS$<G;Q!+_?_>]_!_PE!<##/\0Q@E<4(PX=F$,Q#F`)`KPJ
M$Z@)N<A'3O*2F_SD*/]/>60:_F]7C"83&@&!53X@Z$^(,Q5]*,02-F'GA=>*
MY?Y^N,^'GA"@RUOH1$\Z08P>;Z0K7>E,A[?3GT[TJ#]NZE3WN=5YAO6L\WOK
M`/?ZT\&.K:Z+'=EDG_?9DYYV?YA][9YN^]OA7FFYTUWK:9_[W25M][V[N^]^
M1WO>`[]MP!,^[H,__*<-KWA*,[[Q?$\\Y!TO^<E'GNQZM_P?'Z]Y_'*^\U+]
M/.A=*?K1;[[RI@\]ZE-/^M6S_O28?WUI2Y\1.5(@#0"3?9]HCY$'>.4/"="]
MGWA_$2"@`G?"W[WK.7*+`&"A`NM(B!HZ48A!V!D`A=!`5)-/'N);I!`FT(;_
M+*)\D$&,`Q8$B(1`[#".,>C"$MPOC_<K(@L>,`0&/CB#-+E3"`*\`1(S$'_=
MMWP;L0=#,$$8AA"-(`!Q``)VPD#J(X#B,7\B`0@)(`!"@`)6`6`1*('@08$3
M808?@(`)$0>]D`B@0`#<$0M!<%*ML'T>V!T@*!$?$`4%L`<"D!"=H`*AX`.I
M,`<=8``<0`D?$$H#`7(JEX1*N(1,V(1.F(1MYW*B`7,+D02G4`$O0$8(00>@
M\`CLD@H:)`D?X`'D%X,R2(`:T0QX4`.YP`)F""(S&!%GX`QH@`;0\H8"$H<0
M80D;(&@FA8<`HH</$0L]`(APB(87<0(3M(@):(CV_R&(CB@KD-@0J>`+QE%%
MD<@>D\@0VK`+'X`*U)")];&)"U$"3.`"B%`%HJB)B(@19P`/>*`)>+2*Z$&*
MM#@FMI@0A*`OM[@>N8@0]=>+OMB*%V&`)"B,YO&+R)B'Q&@1'-,$<Z!MRSB`
ML2<2CQ`$R#>-XZ&,!N$!24`"()`+VKB-S5@1=L`#"Z`*TCB.'UB.%&$'3U``
M(X")[.@=W$@6!P``B1`,]=B.U1@2'R`#0?4#_?@=]T@0(H`/C3!$B;`@!;D<
M!SD0A*`-@C8&VD`?#ZD<$9F1Y/B/'`DK&]EA(-`#G8`)'ZF1[C@1C@`*FI,"
M)YD<(7D$/4`"-D"0+YD;(?^9`4&P`"B@`C>)DRDI$1!@"!8P`2#PD[BQD:F`
M4V@``EJ(E'ZQD:D3`H*6+E#9%R&9"AQVE7\1DH#`!`L`!0V@$&<`"/+0#`.!
M?=K'E3T1DJ"P#3_P`NJ0$&G@`8)P`%7$?NX'?VRY$R')`QTP!@:8$.4P`H`0
M!U'5?_\7@'VI$R$I$/Q0`5F%$)>0"Z4451PH/O^`A$_8F9[YF:`9FE"8=E(8
M&E38$(Q0#`E1!@4`"QQP"=R1F8V9$Q$)"-X0`IX@"QLP#@D!`PGP!I[0#E;!
M@BX(@[-)$Q&)!+X``*WP`1*7$!EP`(K@`HX`A$)(A$9XG#81D=Z``F.`!=[Y
MAP;_$0</``2.<`9@^`]B2(;:>1,1Z0YU&)]WV)Y9\9CTR1;V>9]JD9_ZJ17\
MV9]8\9\`:A0".J!$4:`&*A0(FJ!`L:`,ZA,.^J`\$:$2ZIA!6:&W0:$8RA%O
ML`D3`R%_\`:K,@$/H:$;JA&)T`!5]#OC8`%I@`LD4*(7>J(U\0;B\`.*<092
M@`>8D`!Q@`@QZA`F2J,5D08$<`%ZDU=JX`"IQ$D/-*-$&A..$`$Z(`$5T&$I
M$`D:,"U.RA!#*HQUN0*[T"S&F`!X,`E8%1-TD`BAL`$>D$&$L`$[`$,-)J,>
M&:4#L0T>\%^P\P^,T`!_T`"MM15?*HR#<`0<(`+_%0($_U`,AR`%*[`!_D6H
M4'J?C/``!^"3_Y`*:'`#LR`'H?`**\!E]5FI[;D(M8`&5-`";^`+=E`(:-`#
ML&`,E2`%K:82RM`%NKJKO-JKOMH%OX`0A7J+:0`"8^`,S+('B+`$ZY`!=Q`+
M4:":+4$&RF9K:+)TIHJG*4&MU2IJUSH0PZJM"L&MW:HI!A&NXHH0^<`'[-JN
M[OJN\,H'[""LV9JN)>$&:5<]V'JG&SH`O_JO_QJL)H&O9*>OX%JO;-D%Y>JM
M)T&P8&>P`H&NCJBP"VNN).&P6P>Q_R"QAC@,;?"Q(!NR(CNR'UL-#9NO],JO
M&+H%;:>Q'X&Q5J>Q'`N(+(NR`_]KL^>*L!=Q!A.`!M:7EMEGG-Q7LP5[LD5[
M$"8Z"-J@`]JP">O7?N\7@T3[L`NA3`$05G'@"6-P!(-@!HZ`D0P!LU$GLSIK
M$6]P!WT0`$L@$(H)@%+;LE5K`59C%6DP`E'P`(P`"3CP'PTAMDQ'MBJK$FJ`
M"&B0`!?`IP+1@9LIFHS;N([K&:[0=LB@&4XP#_9P!?OP`T+@!-AP!>(0#)MQ
M#6DWN901A2^G$5EK"M2``(C+.AXXM1G+$(,`"I(@$(O@"&/@`MJF7V&+LP7Q
MI6JP#6O[#\3)G$(K?+`;LPN!!U20"`9!`S`P%P[AMT:GL6QPO=B;O=J[O=<;
M#3$A"93_(`JP4`S6.81%^+:^>Q`6,$$C<`B"$`<PL`(P\!P9-+WI.Q!CE;_Z
M.TEB$!.^$`5C<`M]D)[K68;QE[QC:[14>Q#[V\"PU+]1BL!_J\"QR\`.[,`0
M3*027+T(`;`>S*L#<!#4"W0:>\$8C)1]<`LR)Q"'.@85]@U)8$T.L<$DC!`5
M6R3,1A`CS'(E;,+[F\$O>0>.$'$"<:FXH`.14`$W@&(-0<,\;,,WC&LB?+\"
MX<,_?)6D]0\E$`5O4`0AT`K1U\1P>Q`D6\9E/`Q3?+0&8<7Z"\0WF<6"0`&+
MX0+$<`"VM1!.W'"`"W93M\-ZC!!LG+]N_)*D!0A3P"<C``E?_U``MYH0>?QO
M>[QU?4S%_Q#(8S7()^D<&V0&2@`!`J$!<L`!O,@0C^QOD6QUDZS&!6')_X3)
M%5K*\G;*49?*"[S&K$Q)KBRAL!QOLLQTM%S!MGS+5I#+#[K+\-;+1O?+RFO!
MPDS,#&K,$(2TKN?'D`S(PCS,-SD-7+#-W-S-WOS-VRRP!`'-/(/,0*?,"<S,
MM^S,XP@&CT?.\&+.+(?.$ZS.K,S.VNC.JP?/\2+-*DO-IFS-S7R3^LRO_-PS
M*<O':5S+JWS-^#R-!:W0!7'0D)/0DKS0P-S0`_V2$7W1$SW&.?O/E'S-V,S1
M[PS2OSO-(^W0!'W2E,QY`!W+`KW.+?^]SRB]KQ)=$#'-RS-]ST7Q!@*@`[R@
M6Q/$Q28P'936T:AL$!0MSPU'SQQLSY;\T#;1!Z8P`0]@!`(A6!?``H8`'),6
M#FLPUF1=UF9]UF/]#DQ]TP<KTJI,$"1-U37!G'%@``[F6E@0!8C`"=N3>^VB
M2TM0NX=1">9Y!G'P`C4PJ0L!!W&]UB_M>N?@!Y(]V91=V9;M!^;0TU--%';0
M"CZ$#T.&!I10`:<P%JU@P`R!'3,@V/_P`/52#/[BU_4Q"$G@"0'`+G=``19`
MG8<@`.+@(0W!V"S]T8^MLEIPS0>&O\,]%!_``S2`"IP2!Q2`"S[E`C(@G@VA
M!C+@`8-@!`O_0@A&```NX`X;4`.3<*5M\0:RL`+;T"R'T`,8!@$<@`_&(!&7
M8`IJX`&/,!!OL`25\`_2Y1#"O='CS-81ZWK'+<S)7<7++11FP`,Y<`B`]@@Y
M,`CDR0.DRA!V40EWH`O:%@6<H`8"L)`1T``MX!:;``J'\`DE4,2)`%3[Q0$2
MP0D"H`:<$`5#A@H?X"$!'MR-3=QOW=8Y31`)?LL+7LD-#AYGT`ZB<`<"(,<?
M0`-J8`J7(`6%H.,2T40((Q!F``-0\094P`F-O!*)T`YIL`Y`,!""%042L`T2
M<0$5``!K]@]OT`$T,#$]SA`#3M-`SM`X[=$%4>2L?.0_/AZ.0`"*_Q``G5`+
M[@`*GFH(U%`)/+`+$4$'1C`(1,4=>.`(J50'4?"`$O%J#C(0O!!KLP81[C`&
M`-`#8>Q:,(X(JB`1;^`(4N`(`(!#0N`-*Q`*H"+F`E[H`]'4%KW4!B'HEDSH
M2:[D+1`#D:`&()`&Q="H<5`.48#A$?$`NG`'E:"!6PU4>0X1FY`$+$`)Q;0.
M!T`#MB`1`+`.L/`!&;`'SY$!(;"I+ER(+K'G/MWG&?WGQ![HR*W9@2S7-+$*
MX%SPX#P-*5$(F20*.'`L@O7M#A$'V@`#=>`"R+$'-*`)L&!P$3$*ME!]:N`I
M=(X<`(`&$S"H+('OFZWORQS20SX0QA[(R/].X$%!KE'\K2/1"0&@"#0E\NXE
M$(GPVQ)1MZ]@!N1@`?^@#64P"GSF%BH?\(X=Y`=NW/\NU5`_%#9_PS@O$JL4
M`^$$[TBD;G20V!(1!RYP"@YP`B8I"U%@!A5@E6OQ]&P\R,+NSR\O$#'/QC//
MYT*1]16[]4.!"+,0`B9P!H*0`4GP`]N`VEHA]U9,]P:^L0A>]<',]RYQ!HVP
M`@0096?@`2$PIP?A]PL+^'[BKQ_\P0CA^#X,^<5]]_^0]U:\]_G^$AI0`7@0
M!7OZ#\60[0\@!Z$?Q05B'JNP:<2_:3D\$."@!\J__,S?_,ZO_*D/[`)1]RX/
MZ$1.^1IM^2VQ5GW_X`G<'@,T$!L1L)4#(?KENO4&G_[>?!`$K_[J'Q\FP07`
MGQ]D<!!B0-+1G^S1P+W\#Q!L!`X4J.#?080'_2UDV-#APX5;$B+48L7B18P9
M-5J!,Q'A1I`@Q7@D6=+D29-EQOQ#(R?-OS%E#GJ;@]#,EWK)PNSDV=/GSS#"
MO@PE^J4;4*1)BWZA@T%G4J@\ERT=RDW,5:Q9M6Z]2G6HL*A1IU*E%=(L1J]?
M@)UE2XLLV[/`TJZA6]?N7;QT`7F-!S>D7*]^0[I-6[BH&92)$2I*L(CQHG^?
M4/U+TP``PB]>O##0TMGS9]"AM3#07+JT:-2I39?FG-JU9]*KO9!Z75NV?^;6
MM5''7DU;M^K;N7^')B7;]_#0O%<C%UU<MG#FHV][B0[:^73LI;\H5NRK`IT3
MBNJX^Y/K4(EVW-6O9]_>_7OX\>7/IU_?_GW\^>6K"93B4AQW3OCG`202H$,_
E!!-4<$$&&W3P00@CE'!""BNT\$(,,]1P0PX[]/!#$$/T*"``.S\_
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
