-----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,
 RM6pyh0W7VvlMJAM+wx2Hqq6gPJDukIvpy5odjIrcOJEwi99e22Q4nmW00is9KVv
 ZrLFzYhnPKlxKmN+U9TT2A==

<SEC-DOCUMENT>0001193125-05-000902.txt : 20050104
<SEC-HEADER>0001193125-05-000902.hdr.sgml : 20050104
<ACCEPTANCE-DATETIME>20050104150200
ACCESSION NUMBER:		0001193125-05-000902
CONFORMED SUBMISSION TYPE:	N-CSR
PUBLIC DOCUMENT COUNT:		9
CONFORMED PERIOD OF REPORT:	20041031
FILED AS OF DATE:		20050104
DATE AS OF CHANGE:		20050104
EFFECTIVENESS DATE:		20050104

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ABERDEEN AUSTRALIA EQUITY FUND INC
		CENTRAL INDEX KEY:			0000779336
		IRS NUMBER:				133304681
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		N-CSR
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-04438
		FILM NUMBER:		05506473

	BUSINESS ADDRESS:	
		STREET 1:		800 SCUDDERS MILL ROAD
		CITY:			PLAINSBORO
		STATE:			NJ
		ZIP:			08536
		BUSINESS PHONE:		2129688800

	MAIL ADDRESS:	
		STREET 1:		800 SCUDDERS MILL ROAD
		CITY:			PLAINSBORO
		STATE:			NJ
		ZIP:			08536

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FIRST AUSTRALIA FUND INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-CSR
<SEQUENCE>1
<FILENAME>dncsr.htm
<DESCRIPTION>ABERDEEN AUSTRALIA EQUITY FUND, INC.
<TEXT>
<HTML><HEAD>
<TITLE>Aberdeen Australia Equity Fund, Inc.</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">
<HR SIZE="3" NOSHADE COLOR="#000000" ALIGN="left"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="5"><B>UNITED STATES </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="5"><B>SECURITIES AND EXCHANGE COMMISSION </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="3"><B>Washington, D.C. 20549 </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><HR WIDTH="17%" SIZE="1" NOSHADE COLOR="#000000"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="5"><B>FORM N-CSR </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><HR WIDTH="17%"
SIZE="1" NOSHADE COLOR="#000000"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="3"><B>CERTIFIED SHAREHOLDER REPORT OF
REGISTERED MANAGEMENT </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="3"><B>INVESTMENT COMPANIES </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="50%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="49%"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Investment Company Act file number:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">811-04438</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Exact name of registrant as specified in charter:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Aberdeen Australia Equity Fund, Inc.</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Address of principal executive offices:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">800 Scudders Mill Road,</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Plainsboro,</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">New Jersey 08536</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Name and address of agent for service:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Mr Beverly Hendry,</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">300 S.E. 2</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>nd</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"> Street, Suite #820,</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Fort Lauderdale,</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Florida 33301</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Registrant&#146;s telephone number, including area code:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">212-968-8800</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Date of fiscal year end:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">10/31/04</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Date of reporting period:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">10/31/04</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P><HR SIZE="3" NOSHADE COLOR="#000000" ALIGN="left">

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Item 1 &#150; Reports to Stockholders &#150; [ INSERT REPORT ] </FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="1%" VALIGN="top" ALIGN="right"></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="1%" VALIGN="top" ALIGN="right"></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px">

<IMG SRC="g55393g18n31.jpg" ALT="LOGO"> </P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center">

<IMG SRC="g55393g87c83.jpg" ALT="LOGO"> </P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="1" COLOR="#374063">Annual Report </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="ARIAL" SIZE="2" COLOR="#374063"><B>October 31, 2004 </B></FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="5" COLOR="#374063">Letter to Shareholders </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">December 20, 2004 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Dear Shareholder, </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">We present this Annual Report which covers the activities of Aberdeen Australia Equity Fund, Inc. (the &#147;Fund&#148;) for the year ended October 31, 2004. The Fund&#146;s principal investment objective is long-term
capital appreciation through investment primarily in equity securities of Australian companies listed on The Australian Stock Exchange. The Fund&#146;s secondary investment objective is current income. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="2" COLOR="#374063"><B>Change of Fund Address </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">On November 1, 2004, the Fund&#146;s address was changed to 800 Scudders Mill Road, Plainsboro, New Jersey 08536. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="2" COLOR="#374063"><B>New Fund Administrator </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Effective November 1, 2004, Aberdeen Asset Management Inc. became the Fund&#146;s administrator. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="2" COLOR="#374063"><B>Managed Distribution Policy </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">The
Fund has a managed distribution policy of paying quarterly distributions at an annual rate, set once a year, that is a percentage of the rolling average of the Fund&#146;s prior four quarter-end net asset values. The Board of Directors has
determined the initial rolling distribution rate to be 10%. This policy will be subject to regular review by the Fund&#146;s Board of Directors. The distributions will be made from current income, supplemented by realized capital gains and, to the
extent necessary, paid-in capital. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">On December 20, 2004, the Board of
Directors declared a quarterly distribution of 25 cents per share, payable on January 14, 2005 to all shareholders of record as of December 31, 2004. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="2" COLOR="#374063"><B>Net Asset Value Performance </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">For the twelve months ended October
31, 2004, the Fund&#146;s total return based on NAV was 23.2% after expenses (assuming reinvestment of distributions) compared with 26.9%, in U.S. dollar terms, for the S&amp;P/ASX 200 Accumulation Index. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="2" COLOR="#374063"><B>Share Price Performance </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">The Fund&#146;s share price rose 22.0% over the year, from $8.40 on October 31, 2003 to $10.25 on October 31, 2004. The Fund&#146;s share price on October 31, 2004
represented a discount of 3.7% to the NAV per share of $10.64 on that date, compared with a discount of 10.4% to the NAV per share of $9.38 on October 31, 2003. At the date of this letter, the share price was $11.30, representing a discount of 1.8%
to the NAV per share of $11.51. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">Aberdeen Australia Equity Fund, Inc.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>1 </B></FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="5" COLOR="#374063">Letter to Shareholders </FONT><FONT FACE="ARIAL" SIZE="2" COLOR="#374063">(continued)</FONT><FONT FACE="ARIAL"
SIZE="5" COLOR="#374063"> </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="2" COLOR="#374063"><B>Portfolio Holdings Disclosure
</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">The Fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. The
Fund&#146;s Forms N-Q are available on the SEC&#146;s website at http://www.sec.gov and may be reviewed and copied at the SEC&#146;s Public Reference Room in Washington D.C. Information about the operation of the Public Reference Room may be
obtained by calling 1-800-SEC-0330. The Fund&#146;s schedule of portfolio holdings are part of the fund&#146;s quarterly reports to shareholders, which are available on the Fund&#146;s website or upon request and without charge by calling Investor
Relations toll-free at 1-866-839-5205. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="2" COLOR="#374063"><B>Proxy Voting </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">A description of the policies and procedures that the Fund uses to determine how to vote proxies relating to portfolio securities, and information regarding how the
Fund voted proxies relating to portfolio securities during the twelve months ended June 30, 2004, is available: (i) upon request and without charge by calling Investor Relations toll-free at 1-866-839-5205; and (ii) on the SEC&#146;s website at
http://www.sec.gov. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">For information about the Fund, including a market review
and outlook, weekly updates of share prices, NAV and details of recent distributions, please contact Aberdeen Asset Management Inc. by: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Calling toll free on 1-866-839-5205 or 1-954-767-9900 in the United States, </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">E-mailing to InvestorRelations@aberdeen-asset.com, or </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Visiting the website at www.aberdeen-asset.us. </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">For information about the Aberdeen Group, visit the Aberdeen website at www.aberdeen-asset.com. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Yours sincerely, </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px">

<IMG SRC="g55393g13p66.jpg" ALT="LOGO"> </P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="2"><B>Martin Gilbert </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:1%; text-indent:-1%"><FONT FACE="Times New Roman" SIZE="2">President </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="ARIAL" SIZE="2"><B>All amounts are U.S. dollars unless otherwise stated. </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1">Aberdeen Australia Equity Fund, Inc. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>2 </B></FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1%"><FONT FACE="ARIAL" SIZE="3">Your Board&#146;s policy is to provide
investors with a stable distribution rate. Each quarterly distribution will be paid out of current income, supplemented by realized capital gains and, to the extent necessary, paid-in capital. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1%"><FONT FACE="ARIAL" SIZE="3">The Fund is subject to U.S. corporate, tax and securities laws. Under U.S. tax
accounting rules, the amount of distributable income for each fiscal period depends on the actual exchange rates during the entire year between the U.S. dollar and the currencies in which Fund assets are denominated and on the aggregate gains and
losses realized by the Fund during the entire year. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1%"><FONT FACE="ARIAL" SIZE="3">Therefore, the
exact amount of distributable income for each fiscal year can only be determined as of the end of the Fund&#146;s fiscal year, October&nbsp;31. However, under the U.S. Investment Company Act of 1940, the Fund is required to indicate the source of
each distribution to shareholders. This estimated distribution composition may vary from quarter to quarter because it may be materially impacted by future realized gains and losses on securities and fluctuations in the value of the currencies in
which Fund assets are denominated. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1%"><FONT FACE="ARIAL" SIZE="3">The distributions for the fiscal
year ended October 31, 2004 were comprised of 39% net investment income, 47% realized capital gains and 14% return of paid-in capital. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1%"><FONT FACE="ARIAL" SIZE="3">In January 2005, a Form 1099 DIV will be sent to shareholders, which will state the
amount and composition of distributions and provide information with respect to their appropriate tax treatment for the 2004 calendar year. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">Aberdeen Australia Equity Fund, Inc. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>3 </B></FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="5" COLOR="#374063"></FONT><FONT FACE="ARIAL" SIZE="2" COLOR="#374063"></FONT><FONT FACE="ARIAL" SIZE="5" COLOR="#374063">Dividend
Reinvestment and Cash Purchase Plan </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">We invite you to participate in the
Fund&#146;s Dividend Reinvestment and Cash Purchase Plan (the &#147;Plan&#148;), which allows you to automatically reinvest your distributions in shares of the Fund&#146;s common stock at favorable commission rates. Distributions made under the Plan
are taxable to the same extent as are cash distributions. The Plan also enables you to make additional cash investments in shares of at least $100, with a maximum of $10,000 per month, with an aggregate annual limit of $120,000. Under this
arrangement, the Plan Agent will purchase shares for you on the American or Pacific Stock Exchanges or otherwise on the open market on or before the 15th day of each month. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Effective July 26, 2004, The Bank of New York became the Plan Agent, replacing EquiServe Trust Company, N.A. as Plan Agent. As a result of
this transfer of services, certain fees associated with the Plan may have changed. Fees payable by Plan participants are more fully described under the heading &#147;Other Information (Unaudited)&#148; following the notes to the financial statements
included in this report. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">As a Participant in the Plan, you will have the
convenience of: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="ARIAL" SIZE="2"
COLOR="#000000"><B>Automatic reinvestment</B></FONT><FONT FACE="Times New Roman" SIZE="2"> - the Plan Agent will automatically reinvest your distributions, allowing you to gradually grow your holdings in the Fund; </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="ARIAL" SIZE="2" COLOR="#000000"><B>Lower cost</B></FONT><FONT
FACE="Times New Roman" SIZE="2"> - shares are purchased on your behalf under the Plan at low brokerage rates. Brokerage on share purchases is currently 2 cents per share; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="ARIAL" SIZE="2" COLOR="#000000"><B>Convenience</B></FONT><FONT FACE="Times New Roman" SIZE="2"> - the Plan Agent will
hold your shares in non-certificated form and will provide a detailed plan account statement of your holdings at the end of each distribution period. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">To request a brochure containing information on the Plan, together with an enrollment form, please contact the Plan Agent, The Bank of New York, Shareholder Relations
Department, P.O.&nbsp;Box 11258, Church Street Station, New York, NY 10286 or call toll free on 1-800-432-8224. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1">Aberdeen Australia Equity Fund, Inc. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>4 </B></FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="5" COLOR="#374063">Report of the Investment Manager</FONT><FONT FACE="ARIAL" SIZE="2" COLOR="#374063"></FONT><FONT FACE="ARIAL"
SIZE="5" COLOR="#374063"> </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="2" COLOR="#374063"><B>Portfolio Composition </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">The following chart summarizes the composition of the Fund&#146;s portfolio, in industry classification standard sectors, expressed as a percentage of net assets. An
industry sector can include more than one industry group. On October 31, 2004, the Fund held 97.2% of its net assets in equities and 2.8% in other assets in excess of liabilities. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center">

<IMG SRC="g55393g94f87.jpg" ALT="LOGO"> </P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">Aberdeen Australia Equity Fund, Inc.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>5 </B></FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="5" COLOR="#374063">Selected Equity Holdings </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">The following were the Fund&#146;s top ten holdings at October 31, 2004. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="80%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">

<TR>
<TD WIDTH="67%"></TD>
<TD VALIGN="bottom" WIDTH="32%"></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="ARIAL" SIZE="2">Name of Security</FONT><BR><HR WIDTH="88" SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="ARIAL" SIZE="2">Percentage&nbsp;of&nbsp;Net&nbsp;Assets</FONT><BR><HR WIDTH="128" SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="3"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">Australia &amp; New Zealand Banking Group Limited</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">8.2</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">%</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="3"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">QBE Insurance Group Limited</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">7.5</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">%</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="3"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">Westpac Banking Corporation Limited</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">6.9</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">%</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="3"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">BHP Billiton Limited</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">5.9</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">%</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="3"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">Telecom Corporation of New Zealand Limited</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">5.7</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">%</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="3"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">Foster&#146;s Group Limited</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">5.7</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">%</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="3"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">TABCORP Holdings Limited</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">4.6</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">%</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="3"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">Leighton Holdings Limited</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">4.6</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">%</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="3"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">Woolworths Limited</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">4.5</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">%</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="3"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">Rio Tinto Limited</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">4.3</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">%</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">The Fund may invest between 25% and
35% of its total assets in the securities of any one industry group if, at the time of investment, that industry group represents 20% or more of the S&amp;P/ASX 200 Accumulation Index. As of October 31, 2004, the Fund did not have more than 25% of
its assets invested in any industry group. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">An industry classification
standard sector, as referred to on the previous page, can include more than one industry group. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2" COLOR="#374063">Aberdeen Asset Management Asia Limited, December 2004. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="ARIAL" SIZE="1">Aberdeen Australia Equity Fund, Inc. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>6 </B></FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="5" COLOR="#374063">Portfolio of Investments</FONT><FONT FACE="ARIAL" SIZE="2" COLOR="#374063"></FONT><FONT FACE="ARIAL" SIZE="5"
COLOR="#374063"> </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="2">October 31, 2004 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">

<TR>
<TD WIDTH="27%"></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD WIDTH="43%"></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT FACE="ARIAL" SIZE="1"><B>Shares</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT FACE="ARIAL" SIZE="1"><B>Description</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT FACE="ARIAL" SIZE="1"><B>Value<BR>(US$)</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="6"><FONT FACE="ARIAL" SIZE="1"><B>LONG-TERM INVESTMENTS&#151;97.2%</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" COLSPAN="6"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>Common Stocks&#151;97.2%</B></FONT></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="6"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>Consumer Discretionary&#151;12.5%</B></FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">1,360,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.71em; text-indent:-0.86em"><FONT FACE="ARIAL" SIZE="1">APN News &amp; Media Corporation Limited</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">4,845,613</FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">494,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.71em; text-indent:-0.86em"><FONT FACE="ARIAL" SIZE="1">Billabong International Limited</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">3,874,429</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">1,906,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.71em; text-indent:-0.86em"><FONT FACE="ARIAL" SIZE="1">Pacifica Group Limited</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">5,239,166</FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">740,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.71em; text-indent:-0.86em"><FONT FACE="ARIAL" SIZE="1">TABCORP Holdings Limited</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">8,291,143</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1"><B>22,250,351</B></FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" COLSPAN="3"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>Consumer Staples&#151;15.8%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">2,680,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.71em; text-indent:-0.86em"><FONT FACE="ARIAL" SIZE="1">Foster&#146;s Group Limited</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">10,109,219</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">811,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.71em; text-indent:-0.86em"><FONT FACE="ARIAL" SIZE="1">Lion Nathan Limited</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">4,773,517</FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">1,390,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.71em; text-indent:-0.86em"><FONT FACE="ARIAL" SIZE="1">McGuigan Simeon Wines Limited</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">5,295,127</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">797,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.71em; text-indent:-0.86em"><FONT FACE="ARIAL" SIZE="1">Woolworths Limited</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">7,965,369</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1"><B>28,143,232</B></FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" COLSPAN="3"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>Energy&#151;1.5%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">188,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.71em; text-indent:-0.86em"><FONT FACE="ARIAL" SIZE="1">Woodside Petroleum Limited</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1"><B>2,734,105</B></FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" COLSPAN="3"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>Financials&#151;34.2%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">960,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.71em; text-indent:-0.86em"><FONT FACE="ARIAL" SIZE="1">Australia &amp; New Zealand Banking Group Limited</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">14,628,266</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">294,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.71em; text-indent:-0.86em"><FONT FACE="ARIAL" SIZE="1">Australian Stock Exchange Limited</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">4,064,856</FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">125,632</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.71em; text-indent:-0.86em"><FONT FACE="ARIAL" SIZE="1">Bendigo Bank Limited</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">943,099</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">238,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.71em; text-indent:-0.86em"><FONT FACE="ARIAL" SIZE="1">Commonwealth Bank of Australia</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">5,706,547</FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">187,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.71em; text-indent:-0.86em"><FONT FACE="ARIAL" SIZE="1">National Australia Bank Limited</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">3,948,743</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">1,303,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.71em; text-indent:-0.86em"><FONT FACE="ARIAL" SIZE="1">QBE Insurance Group Limited*</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">13,363,075</FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">470,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.71em; text-indent:-0.86em"><FONT FACE="ARIAL" SIZE="1">Suncorp-Metway Limited</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">6,010,257</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">873,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.71em; text-indent:-0.86em"><FONT FACE="ARIAL" SIZE="1">Westpac Banking Corporation Limited</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">12,311,406</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1"><B>60,976,249</B></FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD></TR>
</TABLE>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">

<TR>
<TD WIDTH="27%"></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD WIDTH="43%"></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD></TR>


<TR>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT FACE="ARIAL" SIZE="1"><B>Shares</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT FACE="ARIAL" SIZE="1"><B>Description</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT FACE="ARIAL" SIZE="1"><B>Value<BR>(US$)</B></FONT></TD></TR>

<TR BGCOLOR="#cceeff">
<TD VALIGN="top" COLSPAN="3"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>Industrials&#151;6.1%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">981,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.71em; text-indent:-0.86em"><FONT FACE="ARIAL" SIZE="1">Leighton Holdings Limited*</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">8,192,232</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">1,089,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.71em; text-indent:-0.86em"><FONT FACE="ARIAL" SIZE="1">Quantas Airway Limited</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">2,700,582</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1"><B>10,892,814</B></FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" COLSPAN="3"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>Materials&#151;10.3%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">1,026,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.71em; text-indent:-0.86em"><FONT FACE="ARIAL" SIZE="1">BHP Billiton Limited</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">10,614,232</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">283,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.71em; text-indent:-0.86em"><FONT FACE="ARIAL" SIZE="1">Rio Tinto Limited</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">7,736,757</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1"><B>18,350,989</B></FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" COLSPAN="3"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>Property&#151;4.2%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">675,999</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.71em; text-indent:-0.86em"><FONT FACE="ARIAL" SIZE="1">Westfield Group Limited</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1"><B>7,574,060</B></FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" COLSPAN="6"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>Telecommunication Services&#151;9.5%</B></FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">2,580,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.71em; text-indent:-0.86em"><FONT FACE="ARIAL" SIZE="1">Telecom Corporation of New Zealand Limited</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">10,194,521</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">1,932,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.71em; text-indent:-0.86em"><FONT FACE="ARIAL" SIZE="1">Telstra Corporation Limited</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">6,739,310</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1"><B>16,933,831</B></FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" COLSPAN="3"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>Utilities&#151;3.1%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">506,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.71em; text-indent:-0.86em"><FONT FACE="ARIAL" SIZE="1">Australian Gas Light Company Limited</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">4,951,232</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">381,446</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.71em; text-indent:-0.86em"><FONT FACE="ARIAL" SIZE="1">GasNet Australia Group</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">652,469</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1"><B>5,603,701</B></FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" COLSPAN="3"><FONT FACE="ARIAL" SIZE="1">Total long-term investments<BR>(cost $113,337,085)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1"><B>173,459,332</B></FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD></TR>
</TABLE>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">

<TR>
<TD WIDTH="84%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>Total Investments&#151;97.2% (cost $113,337,085)</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-TOP:1px solid #000000"><FONT FACE="ARIAL" SIZE="1"><B>173,459,332</B></FONT></TD></TR>
<TR>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT FACE="ARIAL" SIZE="1">Other assets in excess of liabilities&#151;2.8%</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT FACE="ARIAL" SIZE="1">5,091,303</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>Net assets&#151;100%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1"><B>$178,550,635</B></FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE COLOR="#000000"></TD></TR>
</TABLE><HR WIDTH="33%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT FACE="ARIAL" SIZE="1">*</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="ARIAL" SIZE="1">Portion of security is on loan, see Note 3. </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1">See Notes to Financial Statements. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">Aberdeen Australia Equity Fund, Inc.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>7 </B></FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="5" COLOR="#374063">Statement of Assets and Liabilities </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL"
SIZE="2">October 31, 2004 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">

<TR>
<TD WIDTH="84%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="ARIAL" SIZE="2" COLOR="#374063"><B>Assets</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">Investments, at value (including $449,476 of securities on loan) (cost $113,337,085) (Note 3)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">173,459,332</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">Foreign currency, at value (cost $4,808,806)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">4,962,732</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">Dividends and interest receivable</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">216,679</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">Receivables for investments sold</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">115,659</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">Other assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">139,334</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">Total assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">178,893,736</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="ARIAL" SIZE="2" COLOR="#374063"><B>Liabilities</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">Accrued expenses and other liabilities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">325,830</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">Payable to custodian</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">17,271</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">Total liabilities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">343,101</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="ARIAL" SIZE="2"></FONT><FONT FACE="ARIAL" SIZE="2" COLOR="#374063"><B>Net Assets</B></FONT><FONT FACE="ARIAL" SIZE="2"></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">178,550,635</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">Net assets were comprised of:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">Common stock, $.01 par value</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">167,773</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">Paid-in capital in excess of par</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">134,082,419</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">134,250,192</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">Distributions in excess of net investment income</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">(1,476</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">)</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">Accumulated net realized loss on investments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">(53,362</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">)</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">Net unrealized appreciation on investments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">36,442,623</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">Accumulated net realized foreign exchange losses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">(15,922,772</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">)</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">Net unrealized foreign exchange gains</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">23,835,430</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="4"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="ARIAL" SIZE="2"></FONT><FONT FACE="ARIAL" SIZE="2" COLOR="#374063"><B>Net assets</B></FONT><FONT FACE="ARIAL" SIZE="2"></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">178,550,635</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="3" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">Net asset value per share: ($178,550,635 &divide; 16,777,298 shares of common stock issued and outstanding)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">$10.64</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="3" NOSHADE ALIGN="right" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><HR WIDTH="36" SIZE="3" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="3" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">See Notes to Financial Statements.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1">Aberdeen Australia Equity Fund, Inc. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>8 </B></FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="5" COLOR="#374063">Statement of Operations </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="2">Year
Ended October 31, 2004 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">

<TR>
<TD WIDTH="86%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="ARIAL" SIZE="2" COLOR="#374063"><B>Net Investment Income</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">Income</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">Dividends (net of foreign withholding taxes of $259,441)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">7,343,711</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">Interest</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">276,203</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">Income from securities loaned, net</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">25,838</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">Total income</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">7,645,752</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">Expenses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">Investment management fee</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">1,468,789</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">Legal fees and expenses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">437,000</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">Directors&#146; fees and expenses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">215,000</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">Insurance expense</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">212,000</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">Custodian&#146;s fees and expenses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">132,000</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">Reports to shareholders</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">130,000</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">Administration fee</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">83,367</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">Independent auditors&#146; fees and expenses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">83,000</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">Investor relations fees and expenses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">77,000</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">Transfer agent&#146;s fees and expenses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">43,000</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">Litigation Settlement (Note 7)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">8,100</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">Miscellaneous</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">13,384</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">Total operating expenses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">2,902,640</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">Net investment income</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">4,743,112</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="ARIAL" SIZE="2" COLOR="#374063"><B>Realized and Unrealized Gains (Losses) on Investments and<BR>Foreign Currencies</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">Net realized gain on investment transactions</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">5,906,261</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">Net realized foreign exchange gains</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">7,443,611</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">13,349,872</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">Net change in unrealized appreciation on investments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">16,279,442</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">Net change in unrealized foreign exchange losses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">(154,910</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">)</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">16,124,532</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">Net gain on investments and foreign currencies</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">29,474,404</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="ARIAL" SIZE="2"></FONT><FONT FACE="ARIAL" SIZE="2" COLOR="#374063"><B>Net Increase In Net Assets Resulting From Operations</B></FONT><FONT FACE="ARIAL" SIZE="2"></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">34,217,516</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="3" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1">See Notes to Financial Statements. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">Aberdeen Australia Equity Fund, Inc. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>9 </B></FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="5" COLOR="#374063">Statement of Changes in Net Assets </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">

<TR>
<TD WIDTH="61%"></TD>
<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>Year Ended October 31,</B></FONT></P><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>2004</B></FONT><BR><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>2003</B></FONT><BR><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="ARIAL" SIZE="2" COLOR="#374063"><B>Increase in Net Assets</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">Operations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">Net investment income</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">4,743,112</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">2,135,073</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">Net realized gains on investment transactions</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">5,906,261</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">646,739</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">Net realized foreign exchange gains</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">7,443,611</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">6,831,734</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">Net increase in unrealized appreciation on investments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">16,279,442</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">12,891,635</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">Net change in unrealized foreign exchange gains (losses)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">(154,910</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">22,964,386</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2" COLOR="#374063"><B>Net increase in Net Assets resulting from operations</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">34,217,516</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">45,469,567</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">Dividends to shareholders from net investment income</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">(5,068,817</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">(1,677,682</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">)</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">Distributions to shareholders from long-term capital gains</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">(6,088,832</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">(1,174,365</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">)</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">Tax return of capital</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">(1,928,603</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">&#151;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">Cost of Fund shares reacquired in repurchase program<BR>(0 and 116,200 shares, respectively) (Note&nbsp;5)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">&#151;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">(687,920</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">)</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">Total increase</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">21,131,264</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">41,929,600</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2" COLOR="#374063"><B>Net Assets</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">Beginning of year</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">157,419,371</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">115,489,771</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">End of year(a)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">178,550,635</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">157,419,371</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="3" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="3" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><HR WIDTH="60%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left"> <P STYLE="margin-top:0px;margin-bottom:1px; margin-left:1.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">(a) Includes distributions in excess of net investment
income and undistributed net investment income of:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">(1,476</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">307,900</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">See Notes to Financial Statements.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1">Aberdeen Australia Equity Fund, Inc. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>10 </B></FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="5" COLOR="#374063">Notes to Financial Statements</FONT><FONT FACE="ARIAL" SIZE="2" COLOR="#374063"></FONT><FONT FACE="ARIAL" SIZE="5"
COLOR="#374063"> </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Aberdeen Australia Equity Fund, Inc. (the &#147;Fund&#148;)
is a closed-end, non-diversified management investment company incorporated in Maryland on September 30, 1985. The Fund&#146;s principal investment objective is long-term capital appreciation through investment primarily in equity securities of
Australian companies listed on The Australian Stock Exchange. The Fund&#146;s secondary investment objective is current income. In order to comply with a rule adopted by the Securities and Exchange Commission under the Investment Company Act of 1940
regarding fund names, the Board of Directors has adopted an investment policy that, for as long as the name of the Fund remains Aberdeen Australia Equity Fund, Inc., it shall be the policy of the Fund normally to invest at least 80% of its net
assets plus the amount of any borrowings for investment purposes, in equity securities, consisting of common stock, preferred stock and convertible stock, listed on The Australian Stock Exchange. This 80% investment policy is a non-fundamental
policy of the Fund and may be changed by the Board of Directors upon 60 days prior written notice to shareholders. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="2" COLOR="#374063"><B>Note 1. Accounting Policies </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">The following is a summary of significant accounting policies followed by the Fund in the preparation of its financial statements. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Basis of Presentation: </I></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">The financial statements of the Fund are prepared in accordance with accounting principles generally accepted in the United States of America, using the United States dollar as both the functional and reporting
currency. However, the Australian dollar is the functional currency for Federal tax purposes (see Taxes below). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Securities Valuation: </I></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">The Fund&#146;s Board of Directors has adopted
Pricing and Valuation Procedures (the &#147;Procedures&#148;) to be used in determining the value of the assets held by the Fund. In accordance with the Procedures, investments are stated at value. Investments for which market quotations are readily
available are valued at the last trade price on the date of determination as obtained from a pricing source. If no such trade price is available, such investments are valued at the quoted bid price or the mean between the quoted bid and asked price
on the date of determination as obtained from a pricing source. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Short-term
securities which mature in more than 60 days are valued at current market quotations. Short-term securities which mature in 60 days or less are valued at amortized cost, which approximates market value. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Securities for which market quotations are not readily available (including investments
which are subject to limitations as to their sale) are to be valued at fair value. As a general rule, whether or not the Fund is required to &#147;fair value price&#148; an asset is dependent on the ready availability of current market quotes or,
even if readily available, the reliability of such quotes. Any assets for which market quotations are not readily available or for which </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">Aberdeen Australia Equity Fund, Inc. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>11 </B></FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="5" COLOR="#374063">Notes to Financial Statements</FONT><FONT FACE="ARIAL" SIZE="2" COLOR="#374063"> (continued)</FONT><FONT
FACE="ARIAL" SIZE="5" COLOR="#374063"> </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">available prices are not reliable,
shall be determined in a manner that most fairly reflects the asset&#146;s (or group of assets) &#147;fair value&#148; (<I>i.e.</I>, the amount that the Fund might reasonably expect to receive for the asset upon its current sale) on the valuation
date, based on a consideration of all available information. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">The Procedures
provide that in certain instances, including without limitation, if there is a &#147;stale price&#148; for a portfolio security, in an emergency situation, or if a significant event occurs after the close of trading of a portfolio security, but
before the calculation of the Fund&#146;s net asset value, the security may be valued at its fair value. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><I>Repurchase Agreements: </I></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">In connection with transactions in repurchase agreements with United States financial
institutions, it is the Fund&#146;s policy that its custodian or designated subcustodians under triparty repurchase agreements, as the case may be, take possession of the underlying collateral securities, the value of which exceeds the principal
amount of the repurchase transaction, including accrued interest. To the extent that any repurchase transaction exceeds one business day, the value of the collateral is marked-to-market on a daily basis to ensure the adequacy of the collateral. If
the seller defaults and the value of the collateral declines or if bankruptcy proceedings are commenced with respect to the seller of the security, realization of the collateral by the Fund may be delayed or limited. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Foreign Currency Translation: </I></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Australian dollar (&#147;A$&#148;) amounts are translated into United States dollars (&#147;US$&#148;) on the following basis: </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">(i) market value of investment securities, other assets and liabilities&#151;at the exchange
rates at the end of the reporting period; and </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">(ii) purchases and sales of
investment securities, income and expenses&#151;at the rate of exchange prevailing on the respective dates of such transactions. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">The Fund isolates that portion of the results of operations arising as a result of changes in the foreign exchange rates from the fluctuations arising from changes in the
market prices of securities held at fiscal year end. Similarly, the Fund isolates the effect of changes in foreign exchange rates from the fluctuations arising from changes in the market prices of portfolio securities sold during the reporting
period. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Net realized and unrealized foreign exchange gains (losses) include
realized foreign exchange gains (losses) from sales and maturities of portfolio securities, sales of foreign currencies, currency gains (losses) realized between the trade and settlement dates on securities transactions, the difference between the
amounts of dividends, interest and foreign withholding taxes recorded on the Fund&#146;s books and the US$ equivalent amounts actually received or paid and changes in unrealized foreign exchange gains (losses) in the value of portfolio securities
and other assets and liabilities arising as a result of changes in the </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1">Aberdeen
Australia Equity Fund, Inc. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>12 </B></FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="5" COLOR="#374063">Notes to Financial Statements </FONT><FONT FACE="ARIAL" SIZE="2" COLOR="#374063">(continued)</FONT><FONT
FACE="ARIAL" SIZE="5" COLOR="#374063"> </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">exchange rate. Accumulated net realized
and unrealized foreign exchange gains (losses) shown in the composition of net assets at October 31, 2004 represent foreign exchange gains (losses) for book purposes that may not have been recognized for tax purposes. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Foreign security and currency transactions may involve certain considerations and risks not
typically associated with those of domestic origin, including unanticipated movements in the value of the foreign currency relative to the US$. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">The exchange rate at October 31, 2004 was US$0.75 to A$1.00. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Securities Transactions and Net Investment Income: </I></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Securities
transactions are recorded on the trade date. Realized and unrealized gains (losses) from security and currency transactions are calculated on the identified cost basis. Dividend income is recorded on the ex-dividend date and interest income is
recorded on an accrual basis. Expenses are recorded on an accrual basis. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2"><I>Dividends and Distributions: </I></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">The Fund has a managed distribution policy of paying quarterly distributions at an annual rate, set once a
year, that is a percentage of the rolling average of the Fund&#146;s prior four quarter-end net asset values. The Board of Directors has determined the initial rolling distribution rate to be 10%. This policy will be subject to regular review by the
Fund&#146;s Board of Directors. The distributions will be made from current income, supplemented by realized capital gains and, to the extent necessary, paid-in capital. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">On an annual basis, the Fund intends to distribute its net realized capital gains, if any, by way of a final distribution to be declared
during the calendar quarter ending December 31. Dividends and distributions to shareholders are recorded on the ex-dividend date. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Income distributions and capital and currency gains distributions are determined in accordance with income tax regulations which may differ from accounting principles
generally accepted in the United States of America. These differences are primarily due to differing treatments for foreign currencies. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Taxes: </I></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">For federal income and excise tax purposes, substantially all
of the Fund&#146;s transactions are accounted for using the Australian dollar as the functional currency. Accordingly, only realized currency gains (losses) resulting from the repatriation of Australian dollars into United States dollars are
recognized for U.S. tax purposes. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">It is the Fund&#146;s policy to continue to
meet the requirements of the United States Internal Revenue Code applicable to regulated investment companies and to distribute substantially all of its taxable net income and capital gains, if any, to shareholders. Therefore, no provision for
United States income taxes is required. Australia imposes a withholding tax of 15% on certain dividends and 10% on certain interest. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">Aberdeen Australia Equity Fund, Inc. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>13 </B></FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="5" COLOR="#374063">Notes to Financial Statements</FONT><FONT FACE="ARIAL" SIZE="2" COLOR="#374063"> (continued)</FONT><FONT
FACE="ARIAL" SIZE="5" COLOR="#374063"> </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Securities Lending: </I></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">The Fund&#146;s investment policies permit the Fund to lend to banks and broker-dealers, portfolio securities with an aggregate market value of up to one-third of the
Fund&#146;s total assets when it deems advisable. Pursuant to a securities lending agreement (&#147;Agreement&#148;) between the Fund and State Street Bank and Trust Company (&#147;State Street&#148;), any loans made under the Agreement must be
secured by collateral (consisting of any combination of U.S. currency and securities issued or guaranteed by the U.S. government or its agencies, or irrevocable bank letters of credit) in an amount at least equal, on a daily marked-to-market basis,
to 100% of the current market value of the securities loaned. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">The Agreement
also provides that the Fund may terminate the loans at any time and demand the return of the securities, and that the Fund will continue to receive all interest, dividends and other distributions obtained on any of the loaned securities and will
continue to have voting rights with respect to the securities. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">In the event
the Fund lends its portfolio securities, the Fund may be exposed to counterparty risk, which may result in the delay in recovery of the loaned securities or possible loss of right in the collateral should the borrower become insolvent. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Use of Estimates: </I></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">The preparation of financial statements in accordance with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts and
disclosures in the financial statements. Actual results could differ from those estimates. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL"
SIZE="2" COLOR="#374063"><B>Note 2. Agreements </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">In December 2003, the
Fund&#146;s Board of Directors approved the transfer by Aberdeen Asset Managers (C.I.) Limited (&#147;AAMCIL&#148;) to Aberdeen Asset Management Asia Limited (&#147;AAMAL&#148;) of the rights and obligations of AAMCIL under the management agreement
and the advisory agreement with the Fund. Effective March 8, 2004, AAMAL became the investment manager of the Fund (the &#147;Investment Manager&#148;). Aberdeen Asset Management Limited (the &#147;Investment Adviser&#148;) serves as the investment
adviser to the Fund pursuant to an advisory agreement. The Investment Manager and the Investment Adviser are direct or indirect wholly-owned subsidiaries, respectively, of Aberdeen Asset Management PLC. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">The Investment Manager makes investment decisions on behalf of the Fund on the basis of
recommendations and information furnished to it by the Investment Adviser, including the selection of and the placement of orders with brokers and dealers to execute portfolio transactions on behalf of the Fund. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">The management agreement provides the Investment Manager with a fee, computed weekly and
payable monthly, at the following annual rates: 1.10% of the Fund&#146;s average weekly Managed Assets up to $50 million, 0.90% of Managed Assets between $50 million and $100 million and 0.70% of Managed Assets in excess of $100 million. Managed
Assets are defined in the management agreement as net assets plus the amount of any borrowings for investment purposes. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1">Aberdeen Australia Equity Fund, Inc. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>14 </B></FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="5" COLOR="#374063">Notes to Financial Statements </FONT><FONT FACE="ARIAL" SIZE="2" COLOR="#374063">(continued)</FONT><FONT
FACE="ARIAL" SIZE="5" COLOR="#374063"> </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">The Investment Manager pays fees to the
Investment Adviser for its services rendered. AAMCIL, the Fund&#146;s investment manager through March 7, 2004 and AAMAL, the Fund&#146;s current investment manager, informed the Fund that it paid $374,426 to the Investment Adviser during the year
ended October 31, 2004. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">During the year ended October 31, 2004, Prudential
Investments LLC (&#147;Prudential&#148;) served as administrator to the Fund pursuant to an agreement which provided Prudential with a fee at the annual rate of the greater of $25,000 or 0.05% of the Fund&#146;s average weekly net assets. Effective
November 1, 2004, Aberdeen Asset Management Inc. (&#147;AAMI&#148;), an affiliate of the Fund&#146;s Investment Manager and Investment Adviser, became the Fund&#146;s administrator, pursuant to an agreement under which AAMI receives a fee at an
annual rate equal to 0.04% of the Fund&#146;s average weekly net assets. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">Under terms of an Investor Relations Services Agreement, AAMI serves as the Fund&#146;s investor relations services provider. This agreement provides AAMI with a monthly retainer fee of $5,000 plus out-of-pocket expenses. During the year
ended October 31, 2004, the Fund incurred fees of approximately $60,000 for the services of AAMI. As of October 31, 2004, $5,000 was due to AAMI. Investor relations fees and expenses in the Statement of Operations include certain out-of-pocket
expenses. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="2" COLOR="#374063"><B>Note 3. Portfolio Securities </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Purchases and sales of investment securities, other than short-term investments, for the
year ended October 31, 2004 aggregated $37,279,094 and $43,360,352, respectively. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">As of October 31, 2004, the Fund had securities on loan with an aggregate market value of $449,476. The Fund received $507,725 in securities as collateral for securities on loan in accordance with the Fund&#146;s securities lending
procedures. The collateral consisted of United States Treasury bonds and notes. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="2"
COLOR="#374063"><B>Note 4. Distributions and Tax Information </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">Distributions to shareholders, which are determined in accordance with federal income tax regulations and which may differ from generally accepted accounting principles, are recorded on the ex-dividend date. In order to present
undistributed net investment income (loss) and accumulated net realized gains (losses) on the Statement of Assets and Liabilities in a way that more closely represents their tax character, certain adjustments have been made to paid-in capital in
excess of par, undistributed net investment income (loss) and accumulated net realized gains (losses) on investments. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">For the year ended October 31, 2004, the Fund decreased distributions in excess of net investment income by $16,329, decreased accumulated net realized loss on
investments by $22,517 and increased accumulated realized foreign exchange losses by $38,846. Net investment income, net realized gains and net assets were not affected by this change. These differences are primarily due to differing treatments for
foreign currencies. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">As of October 31, 2004, there were no distributable
earnings. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">For the year ended October 31, 2004, the tax character of total
distributions paid was $5,068,817 of ordinary income, $6,088,832 of long-term capital gains and $1,928,603 of </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"
ALIGN="right"><FONT FACE="ARIAL" SIZE="1">Aberdeen Australia Equity Fund, Inc. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>15 </B></FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="5" COLOR="#374063">Notes to Financial Statements</FONT><FONT FACE="ARIAL" SIZE="2" COLOR="#374063"> (concluded)</FONT><FONT
FACE="ARIAL" SIZE="5" COLOR="#374063"> </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">return of paid-in capital. For the year
ended October 31, 2003, the tax character of total dividends paid was $1,677,682 of ordinary income and $1,174,365 of long-term capital gains. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">The United States federal income tax basis of the Fund&#146;s investments and the net unrealized appreciation as of October 31, 2004 were as follows: </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">

<TR>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="12%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="12%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="12%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="12%"></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>Tax</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
FACE="ARIAL" SIZE="1" COLOR="#374063"><B>Cost</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>Basis</B></FONT></P><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>Appreciation</B></FONT><BR><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>(Depreciation)</B></FONT><BR><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>Other Cost<BR>Basis<BR>Adjustment</B></FONT><BR><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>Net</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
FACE="ARIAL" SIZE="1" COLOR="#374063"><B>Unrealized</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>Appreciation</B></FONT></P><HR SIZE="1" NOSHADE COLOR="#000000"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">137,016,709</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">39,066,612</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">(2,623,989</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">(53,362</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">36,389,261</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">The difference between book and tax
basis is primarily attributable to deferred losses on foreign currency transactions and tax straddles. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="ARIAL" SIZE="2" COLOR="#374063"><B>Note 5. Capital </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">There are 20
million shares of $0.01 par value common stock authorized. At October 31, 2004 there were 16,777,298 shares issued and outstanding. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">On March 1, 2001, the Board of Directors approved a stock repurchase program. The stock repurchase program allows the Fund to repurchase up to 10% of its outstanding
common stock in the open market during any 12 month period if and when the discount to net asset value is at least 10%. For fiscal years ended October 31, 2004 and October 31, 2003, the Fund repurchased and cancelled under this program 0 and 116,200
shares, respectively. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Based on filings with the Securities and Exchange
Commission, on February 26, 2004, Bankgesellschaft Berlin (A.G.) was the beneficial owner of 5,374,949 shares of common stock. This number of shares represented approximately 32% of the outstanding shares of the Fund as of the date of this report.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="2" COLOR="#374063"><B>Note 6. Distributions </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">The Board of Directors of the Fund declared on December 20, 2004 a quarterly distribution of
$0.25 per share, payable on January 14, 2005 to shareholders of record on December 31, 2004. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL"
SIZE="2" COLOR="#374063"><B>Note 7. Litigation </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">As previously reported to
shareholders, Full Value Partners, L.P. (&#147;Full Value&#148;) filed a purported class action on behalf of the Fund&#146;s shareholders, in Newark, New Jersey federal court in March 2003 against both the Fund and its Board of Directors. Full Value
sought injunctive relief enjoining (i) the effectuation of a then proposed tender offer, (ii) the enforcement of certain bylaw amendments, and (iii) the overturning of any &#147;wrongful election&#148; of directors of the Fund. The Fund and its
Directors believed, and continue to believe, that the claims were without merit. On March 31, 2004, as part of a settlement agreement, Full Value&#146;s claims were dismissed with prejudice. Full Value determined that it would not proceed with the
suit if the Fund agreed to pay Full Value&#146;s legal fees of approximately $81,000. The Fund has paid such amount to Full Value, without any admission of liability, in order to avoid additional litigation expense. The Fund has been reimbursed by
its insurance carrier for 90% of the amount it paid in this settlement. Thus, the amount of the litigation settlement in the Statement of Operations is $8,100. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1">Aberdeen Australia Equity Fund, Inc. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>16 </B></FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">This page intentionally left blank </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="5" COLOR="#374063">Financial Highlights </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">

<TR>
<TD WIDTH="80%"></TD>
<TD VALIGN="bottom" WIDTH="15%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>Year&nbsp;Ended<BR>October&nbsp;31,&nbsp;2004</B></FONT><BR><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>PER SHARE OPERATING PERFORMANCE:</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="1">Net asset value, beginning of year</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">9.38</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="1">Net investment income</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">.28</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="1">Net realized and unrealized gains (losses) on investments and foreign currencies</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">1.76</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="1">Total from investment operations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">2.04</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="1">Dividends from net investment income</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">(.30</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">)</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="1">Distributions from net capital and currency gains</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">(.36</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">)</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="1">Tax return of capital</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">(.12</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">)</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="1">Total dividends and distributions</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">(.78</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">)</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="1">Capital reduction with respect to issuance of Fund shares</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">&#151;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="1">Increase resulting from Fund share repurchase</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">&#151;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="1">Net asset value, end of year</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">10.64</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="3" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="1">Market price per share, end of year</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">10.25</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="3" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>TOTAL INVESTMENT RETURN BASED ON#:</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="1">Market value</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">32.53</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">%</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="1">Net asset value</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">23.19</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">%</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>RATIOS/SUPPLEMENTAL DATA:</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="1">Ratio of expenses to average net assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">1.75</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">%</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="1">Ratio of net investment income to average net assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">2.85</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">%</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="1">Portfolio turnover rate</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">23</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">%</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="1">Net assets, end of year (000 omitted)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">178,551</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="1">Average net assets (000 omitted)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">166,284</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD></TR>
</TABLE><HR WIDTH="33%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">#</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="ARIAL" SIZE="1">Total investment return is calculated assuming a purchase of common stock on the first day and a sale on the last day of each period reported. Dividends and distributions are assumed, for
purposes of this calculation, to be reinvested at prices obtained under the Fund&#146;s dividend reinvestment plan. Total investment return does not reflect brokerage commissions. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">&#134;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="ARIAL" SIZE="1">Less than $0.005 per share. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">NOTE:</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="ARIAL" SIZE="1">Contained above is operating performance for a share of common stock outstanding, total investment return, ratios to average net assets and other supplemental data for each of the periods
indicated. This information has been determined based upon financial information provided in the financial statements and market value data for the Fund&#146;s shares. </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">See Notes to Financial Statements. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1">Aberdeen
Australia Equity Fund, Inc. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>18 </B></FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="5" COLOR="#374063">Financial Highlights </FONT><FONT FACE="ARIAL" SIZE="2" COLOR="#374063">(concluded) </FONT><FONT FACE="ARIAL"
SIZE="5" COLOR="#374063"></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">

<TR>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="26%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="26%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="26%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" COLSPAN="14" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>Year Ended October 31,</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>2003</B></FONT><BR><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>2002</B></FONT><BR><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>2001</B></FONT><BR><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>2000</B></FONT><BR><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">6.84</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">5.97</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">6.86</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">8.78</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">.12</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">.15</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">.12</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">.14</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">2.58</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">.93</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">(.33</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">(1.25</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">)</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">2.70</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">1.08</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">(.21</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">(1.11</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">)</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">(.10</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">(.15</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">&#151;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">(.12</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">)</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">(.07</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">(.07</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">&#151;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">(.69</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">)</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">&#151;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">&#151;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">(.68</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">&#151;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">(.17</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">(.22</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">(.68</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">(.81</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">)</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">&#151;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">&#151;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">&#151;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">&#151;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">.01</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">.01</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">&#151;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&#134;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">&#151;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">9.38</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">6.84</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">5.97</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">6.86</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="3" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="3" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="3" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="3" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">8.40</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">5.73</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">5.29</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">5.875</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="3" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="3" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="3" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE ALIGN="right" COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="3" NOSHADE ALIGN="left" COLOR="#ffffff"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">50.40</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">12.55</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">1.06</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">(17.31</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">)%</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">40.69</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">19.04</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">(2.32</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">)%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">(12.02</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">)%</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">2.55</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">1.76</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">1.80</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">1.66</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">%</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">1.66</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">2.33</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">1.77</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">1.66</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">%</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">32</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">56</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">50</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">%</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">120</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">%</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">157,419</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">115,490</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">102,361</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">117,941</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">128,662</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">114,213</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">115,051</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">143,801</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="1">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1">See Notes to Financial Statements. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">Aberdeen Australia Equity Fund, Inc. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>19 </B></FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="5" COLOR="#374063">Report of Independent Registered Public Accounting Firm </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">To the Shareholders and Board of Directors of Aberdeen Australia Equity Fund, Inc.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">In our opinion, the accompanying statement of assets and liabilities,
including the portfolio of investments, and the related statements of operations and of changes in net assets and the financial highlights present fairly, in all material respects, the financial position of Aberdeen Australia Equity Fund, Inc. (the
&#147;Fund&#148;) at October 31, 2004, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended and the financial highlights for each of the five years in the period then
ended, in conformity with accounting principles generally accepted in the United States of America. These financial statements and financial highlights (hereafter referred to as &#147;financial statements&#148;) are the responsibility of the
Fund&#146;s management; our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these financial statements in accordance with the standards of the Public Company Accounting Oversight
Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits, which
included confirmation of securities at October 31, 2004 by correspondence with the custodian, provide a reasonable basis for our opinion. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">PricewaterhouseCoopers LLP </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">New York, New York </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">December 21, 2004 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL"
SIZE="1">Aberdeen Australia Equity Fund, Inc. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>20 </B></FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="5" COLOR="#374063">Federal Tax Information: Dividends and Distributions (Unaudited) </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">We are required by the Internal Revenue Code to advise you within 60 days of the Fund&#146;s
fiscal year end (October 31, 2004) as to the federal income tax status of dividends paid by the Fund during such fiscal year. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">The Fund has elected to give the benefit of foreign tax credits to its shareholders. Accordingly, shareholders who must report their gross income dividends and
distributions in a federal income tax return will be entitled to a foreign tax credit or an itemized deduction in computing their United States income tax liability. It is generally more advantageous to claim a credit rather than take a deduction.
For the fiscal year ended October 31, 2004 the Fund intends on passing through $246,348 of ordinary income distributions as a foreign tax credit. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">

<TR>
<TD WIDTH="52%"></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="7%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>Gross<BR>Amount</B></FONT><BR><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>Return<BR>of&nbsp;Paid-In<BR>Capital</B></FONT><BR><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>Foreign<BR>Taxes<BR>Paid</B></FONT><BR><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>Net<BR>Distributions<BR>Paid</B></FONT><BR><HR SIZE="1" NOSHADE COLOR="#000000"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">Foreign Source Income</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">0.315</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">0.115</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">(0.015</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">0.415</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="3"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">United States Source:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">&#151;Income</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">0.002</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">&#151;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&#151;</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">0.002</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">&#151;Long-term capital gains</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">0.363</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">&#151;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&#151;</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">0.363</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="1" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="1" NOSHADE COLOR="#000000"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">0.680</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">0.115</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD ALIGN="right" COLSPAN="1" VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">(0.015</FONT></TD>
<TD COLSPAN="1" NOWRAP VALIGN="bottom"><FONT FACE="ARIAL" SIZE="2">)</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="ARIAL" SIZE="2">0.780</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><HR WIDTH="0" SIZE="3" NOSHADE ALIGN="left" COLOR="#ffffff"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><HR SIZE="3" NOSHADE COLOR="#000000"></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">The Fund intends to designate 41.96%
of allowable ordinary income dividends as qualified for the reduced tax rate under The Jobs and Growth Tax Relief Reconciliation Act of 2003. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">In January 2005, you will be advised on IRS Form 1099 DIV or substitute 1099 DIV as to the federal tax status of the dividends and distributions received by you in
calendar year 2004. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">Aberdeen Australia Equity Fund, Inc. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>21 </B></FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="5" COLOR="#374063">Other Information </FONT><FONT FACE="ARIAL" SIZE="2" COLOR="#374063">(unaudited)</FONT><FONT FACE="ARIAL" SIZE="5"
COLOR="#374063"> </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="ARIAL" SIZE="2"
COLOR="#000000"><B>Dividend Reinvestment and Cash Purchase Plan.</B></FONT><FONT FACE="Times New Roman" SIZE="2"> Shareholders may elect to have all distributions automatically reinvested in Fund shares pursuant to the Fund&#146;s Dividend
Reinvestment and Cash Purchase Plan (the &#147;Plan&#148;). Generally, shareholders who do not participate in the Plan will receive distributions in cash paid by check in United States dollars mailed directly to the shareholders of record (or if the
shares are held in street or other nominee name, then to the nominee) by the Plan Agent. A shareholder whose shares are held by a broker or nominee that is unable to participate in the Plan may request to have his shares re-registered in his own
name to participate in the Plan. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Effective July 26, 2004, The Bank of New
York became the Plan Agent, replacing EquiServe Trust Company, N.A. as the Plan Agent. The Plan Agent serves as agent for the shareholders in administering the Plan. Distributions payable to Plan participants will be promptly invested. If the Fund
declares a distribution payable in stock to shareholders who are not Plan participants, then Plan participants will receive that distribution in newly issued shares of the Fund&#146;s common stock on identical terms and conditions. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">In every other case, Plan participants will receive shares on the following basis: if on
payable date, the market price of the Fund&#146;s common stock plus any applicable brokerage commission is equal to or exceeds the net asset value per share, Plan participants will receive newly-issued shares of the Fund&#146;s common stock valued
at the greater of net asset value per share or 95% of the then-current market price. If, on the other hand, the net asset value per share plus any brokerage commission exceeds the market price at such time, the Plan Agent will buy shares of common
stock in the open market. If the market price plus any applicable brokerage commission, exceeds net asset value per share as last determined before the Plan Agent has completed its purchases, the Plan Agent will suspend making open market purchases
and shall invest the balance available in newly-issued shares valued at the greater of the net asset value or 95% of the then-current market value. All reinvestments are in full and fractional shares carried to four decimal places. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">As a result of the transfer of services from EquiServe Trust Company, N.A. to The Bank of
New York, certain fees associated with the Plan may have changed. Fees payable by Plan participants are described below. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">There is no direct charge to participants for reinvesting distributions, except for brokerage commissions. The Plan Agent&#146;s fees for the handling of the reinvestment
of distributions are paid by the Fund. There will be no brokerage commissions charged with respect to shares issued directly by the Fund. However, each participant will pay a pro-rata share of brokerage commissions incurred with respect to the Plan
Agent&#146;s open market purchases. Purchases and sales may be made through a broker affiliated with the Plan Agent. The automatic reinvestment of distributions does not relieve participants of any federal income tax that may be payable on such
distributions. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">The Plan also allows participants to make voluntary cash
investments by sending additional funds by a check drawn on a U.S. bank, in U.S. dollars, payable to the Plan Agent. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1">Aberdeen Australia Equity Fund, Inc. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>22 </B></FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="5" COLOR="#374063">Other Information </FONT><FONT FACE="ARIAL" SIZE="2" COLOR="#374063">(Unaudited) (continued)</FONT><FONT
FACE="ARIAL" SIZE="5" COLOR="#374063"> </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Additional voluntary cash investments
must be in an amount of at least $100 with a maximum of $10,000 per month with an aggregate annual limit of $120,000 for the purchases of shares on the open market. Voluntary cash investments will be invested on or before the 15th day of the month,
and in no event more than 45 days after such date except where temporary curtailment or suspension of purchases is necessary to comply with applicable provisions of the federal securities laws. Cash investments may be commingled with the Funds held
by the Plan Agent for other shareholders of the Fund, and the average price (including brokerage commissions) of all shares purchased by the Plan Agent will be the price per share allocated to each participant. In the event a participant&#146;s
voluntary cash investment check is returned unpaid for any reason, the participant will be charged a $20.00 return fee. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Participants in the Plan may withdraw some or all of their shares from the Plan upon written notice or pursuant to telephonic procedures established by the Plan Agent and
will receive stock certificates for all full shares. The Plan Agent will convert any fractional shares to cash at the then current market price, less a sales fee, and send a check to the participant for the proceeds. The sales fee payable will be
the lesser of $10 or the net proceeds from the sale of the fractional shares. If the fees and commissions exceed the proceeds from the sale of a fractional share, participants will receive a transaction advice instead of a check. There is no sales
fee in the case of issuance of a certificate for all full shares. If by giving proper notice to the Plan Agent, participants request cash, the Plan Agent will sell the shares and send the participant the proceeds less a sales fee of $10 plus
brokerage commissions of $0.10 per share. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">The Fund or the Plan Agent reserves
the right to amend or terminate the Plan either in full or partially upon 90 days written notice to shareholders of the Fund. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">All correspondence concerning the Plan should be directed to the Plan Agent, The Bank of New York, Shareholder Relations Department, P.O. Box 11258, Church Street
Station, New York, NY 10286, or by calling 1-800-432-8224. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">Aberdeen
Australia Equity Fund, Inc. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>23 </B></FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="5" COLOR="#374063">Management of the Fund </FONT><FONT FACE="ARIAL" SIZE="2" COLOR="#374063">(Unaudited) </FONT><FONT FACE="ARIAL"
SIZE="5" COLOR="#374063"></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1">The names of the Directors and officers of the Fund, their
addresses, ages and principal occupations during the past five years are provided in the tables below. Directors that are deemed &#147;interested persons&#148; (as that term is defined in Section 2(a)(19) of the Investment Company Act of 1940, as
amended) of the Fund, the Investment Manager or the Investment Adviser are included in the table below under the heading &#147;Interested Directors.&#148; Directors who are not interested persons as described above are referred to in the table below
under the heading &#147;Independent Directors.&#148; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="26%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD WIDTH="14%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD WIDTH="38%"></TD></TR>
<TR>
<TD VALIGN="bottom" COLSPAN="7" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT FACE="ARIAL" SIZE="2" COLOR="#374063"><B>Board of Directors Information</B></FONT></TD></TR>
<TR>
<TD VALIGN="bottom" COLSPAN="7" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT FACE="ARIAL" SIZE="2" COLOR="#374063"><B>Interested Directors</B></FONT></TD></TR>
<TR>
<TD HEIGHT="24"></TD>
<TD HEIGHT="24" COLSPAN="2"></TD>
<TD HEIGHT="24" COLSPAN="2"></TD>
<TD HEIGHT="24" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="BORDER-BOTTOM:1px solid #000000"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>Name,&nbsp;Address&nbsp;and&nbsp;Age</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT FACE="ARIAL" SIZE="1"
COLOR="#374063"><B>Position(s)<BR>Held&nbsp;With<BR>the Fund</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP STYLE="BORDER-BOTTOM:1px solid #000000"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>Term&nbsp;of&nbsp;Office<BR>and&nbsp;Length&nbsp;of<BR>Time&nbsp;Served</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP STYLE="BORDER-BOTTOM:1px solid #000000"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>Principal Occupation(s)<BR>During Past Five Years</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1"><B>Moritz Sell**</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1">628 E. 20th Street, Apt. 8-D</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1">New York, New York<BR>10009</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT FACE="ARIAL" SIZE="1">Age: 37</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1">Class I</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT FACE="ARIAL" SIZE="1">Director</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="ARIAL" SIZE="1">Term expires 2007; Director since 2004</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="ARIAL" SIZE="1">Mr. Sell has been a Director of Bankgesellschaft Berlin AG (banking) since 1996. He also served as a Director of the France Growth Fund from 2000 until 2004.</FONT></TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1"><B>Hugh Young***<BR></B>21 Church Street<BR>#01-01&nbsp;Capital&nbsp;Square&nbsp;Two</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:1px"><FONT FACE="ARIAL" SIZE="1">Singapore 049480<BR>Age: 46</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT FACE="ARIAL" SIZE="1">Class II Director</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT FACE="ARIAL" SIZE="1">Term expires 2005; Director since 2001</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT FACE="ARIAL" SIZE="1">Mr. Young was a Director of Aberdeen Asset Management PLC, parent company of the Fund&#146;s Investment Manager and Investment Adviser, from 1991 to 2002 and is
currently a member of the Executive Management Committee of Aberdeen Asset Management PLC. He has been Managing Director of Aberdeen Asset Management Asia Limited, the Fund&#146;s Investment Manager (effective March 8, 2004) since 1991. Mr. Young
has also served as a Director of Aberdeen Asset Managers (C.I.) Limited (the Fund&#146;s Investment Manager to March 8, 2004) and the Investment Adviser since 2000. From 2001 to February 2004, Mr. Young was President of the Fund and of Aberdeen
Asia-Pacific Income Fund, Inc. and Aberdeen Global Income Fund, Inc.</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1">Aberdeen Australia Equity Fund, Inc. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>24 </B></FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="35%"></TD>
<TD WIDTH="64%"></TD></TR>
<TR>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="BORDER-BOTTOM:1px solid #000000"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>Number of<BR>Funds in<BR>Fund Complex*<BR>Overseen by<BR>Director or<BR>Nominee for<BR>Director</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP STYLE="BORDER-BOTTOM:1px solid #000000"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>Other<BR>Directorships&nbsp;Held<BR>by&nbsp;Director or<BR>Nominee&nbsp;for&nbsp;Director</B></FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="center"><FONT FACE="ARIAL" SIZE="1">1</FONT> <P STYLE="margin-top:0px;margin-bottom:0px" align="left"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:1px"><FONT SIZE="1">&nbsp;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="center"><FONT FACE="ARIAL" SIZE="1">1</FONT> <P STYLE="margin-top:0px;margin-bottom:0px" align="left"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT
SIZE="1">&nbsp;</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
</TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">*</FONT></TD>
<TD WIDTH="0%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="ARIAL" SIZE="1">Aberdeen Asia-Pacific Income Fund, Inc. and Aberdeen Global Income Fund, Inc. have a common Investment Manager and Investment Adviser with the Fund, and may thus be deemed to be part of the
same &#147;Fund Complex&#148; as the Fund. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">**</FONT></TD>
<TD WIDTH="0%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="ARIAL" SIZE="1">Mr. Sell is deemed to be an interested person because he was appointed as a director as the representative of Bankegesellschaft Berlin AG, the owner of approximately 31% of the outstanding
shares of the Fund. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">***</FONT></TD>
<TD WIDTH="0%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="ARIAL" SIZE="1">Mr. Young is deemed to be an interested person because of his affiliation with the Fund&#146;s Investment Manager and Investment Adviser. </FONT></TD></TR></TABLE> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">Aberdeen Australia Equity Fund, Inc. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>25 </B></FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="5" COLOR="#374063">Management of the Fund </FONT><FONT FACE="ARIAL" SIZE="2" COLOR="#374063">(Unaudited) (continued)</FONT><FONT
FACE="ARIAL" SIZE="5" COLOR="#374063"> </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="26%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD WIDTH="14%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD WIDTH="38%"></TD></TR>
<TR>
<TD VALIGN="bottom" COLSPAN="7" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT FACE="ARIAL" SIZE="2" COLOR="#374063"><B>Board of Directors Information (continued)</B></FONT></TD></TR>
<TR>
<TD VALIGN="bottom" COLSPAN="7" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT FACE="ARIAL" SIZE="2" COLOR="#374063"><B>Independent Directors</B></FONT></TD></TR>
<TR>
<TD HEIGHT="24"></TD>
<TD HEIGHT="24" COLSPAN="2"></TD>
<TD HEIGHT="24" COLSPAN="2"></TD>
<TD HEIGHT="24" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="BORDER-BOTTOM:1px solid #000000"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>Name,&nbsp;Address&nbsp;and&nbsp;Age</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT FACE="ARIAL" SIZE="1"
COLOR="#374063"><B>Position(s)<BR>Held&nbsp;With<BR>the Fund</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP STYLE="BORDER-BOTTOM:1px solid #000000"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>Term&nbsp;of&nbsp;Office<BR>and&nbsp;Length&nbsp;of<BR>Time&nbsp;Served</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP STYLE="BORDER-BOTTOM:1px solid #000000"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>Principal Occupation(s)<BR>During Past Five Years</B></FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1"><B>Anthony E. Aaronson</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1">116 South Anita Avenue</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1">Los Angeles, CA 90049</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT FACE="ARIAL" SIZE="1">Age: 67</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="ARIAL" SIZE="1">Class I Director</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="ARIAL" SIZE="1">Term expires 2007; Director since 1985</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="ARIAL" SIZE="1">Mr. Aaronson has been a textile agent for over ten years.</FONT></TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1"><B>David L. Elsum, A.M.</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1">c/o Aberdeen Asset Management Asia
Limited</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1">21 Church Street<BR>#01-01&nbsp;Capital&nbsp;Square&nbsp;Two</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1">Singapore
049480</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT FACE="ARIAL" SIZE="1">Age: 67</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="ARIAL" SIZE="1">Class II Director</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="ARIAL" SIZE="1">Term expires 2005; Director since 1985</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="ARIAL" SIZE="1">Mr. Elsum has been a member of the State of Victoria Regulator&#150;General Appeal Panel since 2001 and is Chairman of Stodart Investment Pty. Ltd.</FONT></TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1"><B>Neville J. Miles</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1">2 Paddington Street</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1">Paddington, NSW 2021 Australia</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT FACE="ARIAL" SIZE="1">Age: 58</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="ARIAL" SIZE="1">Chairman of the Board; Class I Director</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="ARIAL" SIZE="1">Term expires 2007; Director since 1996</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="ARIAL" SIZE="1">Mr. Miles has been Chief Executive Officer of Pulse International Pty. Ltd. (financial transactions processing) since 2004. Mr. Miles has also served, for over five years, as a Director of a number of
Australian companies.</FONT></TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1"><B>Peter J. O&#146;Connell</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1">110 Lang Road<BR>Centennial
Park<BR>Sydney,&nbsp;New&nbsp;South&nbsp;Wales Australia</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT FACE="ARIAL" SIZE="1">Age: 51</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="ARIAL" SIZE="1">Class III Director</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="ARIAL" SIZE="1">Term expires 2006; Director since 1999</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="ARIAL" SIZE="1">Mr. O&#146;Connell is admitted as a solicitor in Australia and has been Managing Director of Multiplex Infrastructure Pty. Ltd. (infrastructure development) since 2003. Mr. O&#146;Connell also served as
Managing Director (from 2002 to 2003) and Director (from 1999 to 2002) of Lang Holdings (Aust) Pty. Ltd. (technology consulting). </FONT></TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1"><B>William J. Potter</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1">c/o Aberdeen Asset Management Asia
Limited</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1">21 Church Street</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1">#01-01 Capital Square Two</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1">Singapore 049480</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT FACE="ARIAL" SIZE="1">Age: 56</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1">Class III</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT FACE="ARIAL" SIZE="1">Director</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="ARIAL" SIZE="1">Term expires 2006; Director since 1985</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="ARIAL" SIZE="1">Mr. Potter has been President of Ridgewood Group International Ltd., an international consulting and merchant banking company, since 1989. He has also been Chairman of Meredith Portfolio Management Inc.
(investment management) since 2004 and President of Kingsdale Capital (USA) Inc. (private placement broker) since 2004.</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1">Aberdeen Australia Equity Fund, Inc. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>26 </B></FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="35%"></TD>
<TD WIDTH="64%"></TD></TR>
<TR>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="BORDER-BOTTOM:1px solid #000000"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>Number of<BR>Funds in<BR>Fund Complex*<BR>Overseen by<BR>Director or<BR>Nominee for<BR>Director</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP STYLE="BORDER-BOTTOM:1px solid #000000"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>Other<BR>Directorships Held<BR>by Director or<BR>Nominee for Director</B></FONT></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="center"><FONT FACE="ARIAL" SIZE="1">2</FONT> <P STYLE="margin-top:0px;margin-bottom:0px" align="left"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT SIZE="1">&nbsp;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="ARIAL" SIZE="1">Aberdeen Asia-Pacific Income Fund, Inc.</FONT></TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="center"><FONT FACE="ARIAL" SIZE="1">3</FONT> <P STYLE="margin-top:0px;margin-bottom:0px" align="left"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:1px"><FONT SIZE="1">&nbsp;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="ARIAL" SIZE="1">Aberdeen Global Income Fund, Inc.; Aberdeen Asia-Pacific Income<BR>Fund, Inc.</FONT></TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="center"><FONT FACE="ARIAL" SIZE="1">3</FONT> <P STYLE="margin-top:0px;margin-bottom:0px" align="left"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="ARIAL" SIZE="1">Aberdeen Asia-Pacific Income Fund, Inc.; Aberdeen Global Income<BR>Fund, Inc.</FONT></TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="center"><FONT FACE="ARIAL" SIZE="1">2</FONT> <P STYLE="margin-top:0px;margin-bottom:0px" align="left"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT SIZE="1">&nbsp;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="ARIAL" SIZE="1">Aberdeen Asia-Pacific Income Fund, Inc.</FONT></TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" ALIGN="center"><FONT FACE="ARIAL" SIZE="1">3</FONT> <P STYLE="margin-top:0px;margin-bottom:0px" align="left"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:1px"><FONT SIZE="1">&nbsp;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="ARIAL" SIZE="1">Aberdeen Global Income Fund, Inc.; Aberdeen Asia-Pacific Income<BR>Fund, Inc.</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">Aberdeen Australia Equity Fund,
Inc. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>27 </B></FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="5" COLOR="#374063">Management of the Fund </FONT><FONT FACE="ARIAL" SIZE="2" COLOR="#374063">(Unaudited) (continued)</FONT><FONT
FACE="ARIAL" SIZE="5" COLOR="#374063"> </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="26%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD WIDTH="14%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD WIDTH="38%"></TD></TR>


<TR>
<TD VALIGN="bottom" COLSPAN="7" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT FACE="ARIAL" SIZE="2" COLOR="#374063"><B>Board of Directors Information (continued)</B></FONT></TD></TR>
<TR>
<TD VALIGN="bottom" COLSPAN="7" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT FACE="ARIAL" SIZE="2" COLOR="#374063"><B>Independent Directors (continued)</B></FONT></TD></TR>
<TR>
<TD HEIGHT="24"></TD>
<TD HEIGHT="24" COLSPAN="2"></TD>
<TD HEIGHT="24" COLSPAN="2"></TD>
<TD HEIGHT="24" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="BORDER-BOTTOM:1px solid #000000"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>Name,&nbsp;Address&nbsp;and&nbsp;Age</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>Position(s)<BR>Held&nbsp;With<BR>the Fund</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP STYLE="BORDER-BOTTOM:1px solid #000000"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>Term&nbsp;of&nbsp;Office<BR>and&nbsp;Length&nbsp;of<BR>Time&nbsp;Served</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP STYLE="BORDER-BOTTOM:1px solid #000000"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>Principal Occupation(s)<BR>During Past Five Years</B></FONT></TD></TR>

<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1"><B>Peter D. Sacks</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1">445 King Street West</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1">4th Floor</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1">Toronto, Ontario M5V 1K4</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="ARIAL" SIZE="1">Canada</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT FACE="ARIAL" SIZE="1">Age: 59</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="ARIAL" SIZE="1">Class II Director</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="ARIAL" SIZE="1">Term expires 2005; Director since 1999</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="ARIAL" SIZE="1">Mr. Sacks has been Managing Partner of Toron Capital Markets, Inc. (investment management) since 1988.</FONT></TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1"><B>John T. Sheehy</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1">560 Sylvan
Avenue</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1">Englewood Cliffs, NJ 07632</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT FACE="ARIAL" SIZE="1">Age: 62</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1">Class III</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT FACE="ARIAL" SIZE="1">Director</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT FACE="ARIAL" SIZE="1">Term expires 2006; Director since 1985</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT FACE="ARIAL" SIZE="1">Mr. Sheehy has been Senior Managing Director of B.V. Murray and Company (investment banking) since 2001, and Managing Member of The Value Group LLC (venture
capital) since 1997.</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1">Aberdeen Australia Equity Fund, Inc. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>28 </B></FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="35%"></TD>
<TD WIDTH="64%"></TD></TR>


<TR>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="BORDER-BOTTOM:1px solid #000000"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>Number of<BR>Funds in<BR>Fund Complex*<BR>Overseen by<BR>Director or<BR>Nominee for<BR>Director</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP STYLE="BORDER-BOTTOM:1px solid #000000"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>Other<BR>Directorships Held<BR>by Director or<BR>Nominee for Director</B></FONT></TD></TR>

<TR>
<TD VALIGN="top" ALIGN="center"><FONT FACE="ARIAL" SIZE="1">3</FONT> <P STYLE="margin-top:0px;margin-bottom:0px" align="left"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:1px"><FONT SIZE="1">&nbsp;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="ARIAL" SIZE="1">Aberdeen Asia-Pacific Income Fund, Inc.; Aberdeen Global Income<BR>Fund, Inc.</FONT></TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="center"><FONT FACE="ARIAL" SIZE="1">3</FONT> <P STYLE="margin-top:0px;margin-bottom:0px" align="left"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT SIZE="1">&nbsp;</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT FACE="ARIAL" SIZE="1">Aberdeen Global Income Fund, Inc.; Aberdeen Asia-Pacific Income<BR>Fund, Inc.</FONT></TD></TR>
</TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">*</FONT></TD>
<TD WIDTH="0%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="ARIAL" SIZE="1">Aberdeen Asia-Pacific Income Fund, Inc. and Aberdeen Global Income Fund, Inc. have a common Investment Manager and Investment Adviser with the Fund, and may thus be deemed to be part of the
same &#147;Fund Complex&#148; as the Fund. </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">Aberdeen
Australia Equity Fund, Inc. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>29 </B></FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="5" COLOR="#374063">Management of the Fund </FONT><FONT FACE="ARIAL" SIZE="2" COLOR="#374063">(Unaudited) (continued)</FONT><FONT
FACE="ARIAL" SIZE="5" COLOR="#374063"> </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="28%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="13%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="13%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD WIDTH="37%"></TD></TR>
<TR>
<TD VALIGN="bottom" COLSPAN="7" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT FACE="ARIAL" SIZE="2" COLOR="#374063"><B>Board of Directors Information (continued)</B></FONT></TD></TR>
<TR>
<TD VALIGN="bottom" COLSPAN="7" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT FACE="ARIAL" SIZE="2" COLOR="#374063"><B>Information Regarding Officers who are not Directors</B></FONT></TD></TR>
<TR>
<TD HEIGHT="24"></TD>
<TD HEIGHT="24" COLSPAN="2"></TD>
<TD HEIGHT="24" COLSPAN="2"></TD>
<TD HEIGHT="24" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="BORDER-BOTTOM:1px solid #000000"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>Name,&nbsp;Address&nbsp;and&nbsp;Age</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>Position(s)<BR>Held&nbsp;With</B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:1px"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>the&nbsp;Fund</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP STYLE="BORDER-BOTTOM:1px solid #000000"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>Term&nbsp;of&nbsp;Office*<BR>and&nbsp;Length&nbsp;of<BR>Time&nbsp;Served</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>Principal Occupation(s)</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT
FACE="ARIAL" SIZE="1" COLOR="#374063"><B>During Past Five Years</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1"><B>Martin J. Gilbert</B><BR>c/o Aberdeen Asset Management<BR>Asia Limited</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1">21
Church Street<BR>#01-01 Capital<BR>Square Two</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1">Singapore 049480</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT FACE="ARIAL" SIZE="1">Age:
49</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="ARIAL" SIZE="1">President**</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="ARIAL" SIZE="1">Since 2004</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="ARIAL" SIZE="1">Chief Executive and an Executive Director of Aberdeen Asset Management PLC (parent company of the Fund&#146;s Investment Manager and Investment Adviser) (since 1983); Director of Aberdeen Asset Management
Asia Limited (the Fund&#146;s current Investment Manager) (since 1991); Director of Aberdeen Asset Management Limited (the Fund&#146;s Investment Adviser) and Aberdeen Asset Managers (C.I.) Limited (the Fund&#146;s former Investment Manager) (since
2000).</FONT></TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1"><B>Beverley Hendry<BR></B>Las Olas Place</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1">300 S.E. 2nd Street</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1">Suite 820</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1">Fort Lauderdale, FL 33301</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT
FACE="ARIAL" SIZE="1">Age: 51</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="ARIAL" SIZE="1">Vice President***</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="ARIAL" SIZE="1">Since 2003</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="ARIAL" SIZE="1">Executive Director of Aberdeen Asset Management PLC (from 1991 to 2002); Chief Executive Officer of Aberdeen Asset Management Inc., the Fund&#146;s administrator (effective November 1, 2004) (since 1995);
Director of Aberdeen Asset Managers (C.I.) Limited (since 2001).</FONT></TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1"><B>Steven Robinson</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1">Level 6, 201 Kent Street</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1">Sydney, NSW 2000</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1">Australia</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT
FACE="ARIAL" SIZE="1">Age: 43</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="ARIAL" SIZE="1">Vice President</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="ARIAL" SIZE="1">Since 2004</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="ARIAL" SIZE="1">Investment Director of Aberdeen Asset Management Limited (since 1998).</FONT></TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1"><B>Andrew Smith</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1">45 Broadway, 21st Floor</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1">New York,<BR>New York 10006</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT FACE="ARIAL" SIZE="1">Age: 36</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="ARIAL" SIZE="1">Vice President&#151;Compliance**</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="ARIAL" SIZE="1">Since 2004</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="ARIAL" SIZE="1">Vice President of Murray Johnstone Group (from 1988 to 2000); Vice President of Aberdeen Asset Management Inc. (since 2000).</FONT></TD></TR>
<TR>
<TD HEIGHT="5"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1"><B>Christian Pittard</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1">No. 1 Seaton Place</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1">St. Helier, Jersey JE4 8YJ</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1">Channel Islands</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:1px"><FONT FACE="ARIAL" SIZE="1">Age: 31</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="ARIAL" SIZE="1">Treasurer and Assistant Secretary**</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="ARIAL" SIZE="1">Since 2001</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT FACE="ARIAL" SIZE="1">Managing Director of Aberdeen Asset Managers (C.I.) Limited (since 2000); Managing Director of Aberdeen Private Wealth Management (affiliate of the Fund&#146;s Investment Manager and Investment
Adviser).</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1">Aberdeen Australia Equity Fund, Inc. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>30 </B></FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="5" COLOR="#374063">Management of the Fund </FONT><FONT FACE="ARIAL" SIZE="2" COLOR="#374063">(Unaudited) (concluded)</FONT><FONT
FACE="ARIAL" SIZE="5" COLOR="#374063"> </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="26%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD WIDTH="14%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD WIDTH="38%"></TD></TR>


<TR>
<TD VALIGN="bottom" COLSPAN="7" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT FACE="ARIAL" SIZE="2" COLOR="#374063"><B>Board of Directors Information (continued)</B></FONT></TD></TR>
<TR>
<TD VALIGN="bottom" COLSPAN="7" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT FACE="ARIAL" SIZE="2" COLOR="#374063"><B>Information Regarding Officers who are not Directors (continued)</B></FONT></TD></TR>
<TR>
<TD HEIGHT="24"></TD>
<TD HEIGHT="24" COLSPAN="2"></TD>
<TD HEIGHT="24" COLSPAN="2"></TD>
<TD HEIGHT="24" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP STYLE="BORDER-BOTTOM:1px solid #000000"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>Name,&nbsp;Address&nbsp;and&nbsp;Age</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>Position(s)<BR>Held&nbsp;With</B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:1px"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>the&nbsp;Fund</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP STYLE="BORDER-BOTTOM:1px solid #000000"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>Term&nbsp;of&nbsp;Office*<BR>and&nbsp;Length&nbsp;of<BR>Time Served</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>Principal Occupation(s)</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT
FACE="ARIAL" SIZE="1" COLOR="#374063"><B>During Past Five Years</B></FONT></P></TD></TR>

<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1"><B>Roy M. Randall</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1">Level 12,
Chifley Tower</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1">2 Chifley Square</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1">Sydney, NSW 2000</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="1">Australia</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT FACE="ARIAL" SIZE="1">Age: 68</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT FACE="ARIAL" SIZE="1">Secretary**</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT FACE="ARIAL" SIZE="1">Since 1986</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT FACE="ARIAL" SIZE="1">Consultant to The Seidler Law Firm, Australian counsel to the Fund (since 2003); Partner of Stikeman, Elliott, former Australian counsel to the Fund (from 1997
through 2002).</FONT></TD></TR>
</TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">*</FONT></TD>
<TD WIDTH="0%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="ARIAL" SIZE="1">Officers hold their positions with the Fund until a successor has been duly elected and qualified. Officers are generally elected annually at the meeting of the Board of Directors next
following the annual meeting of stockholders. The officers were last elected on June 8, 2004, except Mr. Smith who was elected on September 13, 2004. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">**</FONT></TD>
<TD WIDTH="0%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="ARIAL" SIZE="1">Messrs. Gilbert, Smith, Pittard and Randall hold the same position(s) with Aberdeen Asia-Pacific Income Fund, Inc. and Aberdeen Global Income Fund, Inc., both of which may be deemed to be a
part of the same &#147;Fund Complex&#148; as the Fund. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%" VALIGN="top" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">***</FONT></TD>
<TD WIDTH="0%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="ARIAL" SIZE="1">Mr. Hendry serves as Assistant Treasurer of Aberdeen Global Income Fund, Inc., which may be deemed to be part of the same &#147;Fund Complex&#148; as the Fund. </FONT></TD></TR></TABLE> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="ARIAL" SIZE="1">Aberdeen Australia Equity Fund, Inc. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="ARIAL" SIZE="1" COLOR="#374063"><B>31 </B></FONT></P>


<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="5" COLOR="#374063">Directors </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="45%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="54%"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Neville J. Miles, <I>Chairman</I></FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Martin Gilbert, <I>President</I></FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Anthony E. Aaronson</FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Beverley Hendry, <I>Vice President</I></FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">David L. Elsum</FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P></TD>

<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Steve Robinson, <I>Vice President</I></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Peter J. O&#146;Connell</FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Andrew Smith, <I>Vice President&#151;Compliance</I></FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">William J. Potter</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Peter D. Sacks</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Moritz Sell</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">John T. Sheehy</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px; margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Hugh Young</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Christian Pittard, <I>Treasurer and&nbsp;Assistant</I> <I>Secretary</I></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Roy M. Randall, <I>Secretary</I></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Timothy Sullivan, <I>Assistant
Treasurer</I></FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Andy Williams,
<I>Assistant Treasurer</I></FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px; margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Sander M.
Bieber, <I>Assistant Secretary</I></FONT></P></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="5" COLOR="#374063">Officers </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Notice is hereby given in accordance with Section 23(c) of the Investment Company Act of 1940
that the Fund may purchase, from time to time, shares of its common stock in the open market. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT
FACE="ARIAL" SIZE="1">Aberdeen Australia Equity Fund, Inc. </FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="5" COLOR="#374063">Corporate Information </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="66%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="ARIAL" SIZE="2"><B>Investment Manager</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="1">Aberdeen&nbsp;Asset&nbsp;Management&nbsp;Asia&nbsp;Limited<BR>21 Church Street <BR>#01-01 Capital Square Two <BR>Singapore 049480</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="ARIAL" SIZE="2"><B>Investment Adviser</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="1">Aberdeen Asset Management Limited</FONT><br><FONT FACE="Times New Roman" SIZE="1">Level 6, 201 Kent Street</FONT><br><FONT FACE="Times New Roman" SIZE="1">Sydney, NSW 2000,
Australia</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="ARIAL" SIZE="2"><B>Administrator</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="1">Through October 31, 2004:</FONT><br><FONT FACE="Times New Roman" SIZE="1">Prudential Investments LLC</FONT><br><FONT FACE="Times New Roman" SIZE="1">Gateway Center Three</FONT><br><FONT
FACE="Times New Roman" SIZE="1">100 Mulberry Street</FONT><br><FONT FACE="Times New Roman" SIZE="1">Newark, NJ 07102-4077</FONT><br><FONT FACE="Times New Roman" SIZE="1">Effective November 1, 2004:</FONT><br><FONT FACE="Times New Roman"
SIZE="1">Aberdeen Asset Management Inc.</FONT><br><FONT FACE="Times New Roman" SIZE="1">45 Broadway, 21st Floor</FONT><br><FONT FACE="Times New Roman" SIZE="1">New York, NY 10006</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="ARIAL" SIZE="2"><B>Custodian</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="1">State Street Bank and Trust Company</FONT><br><FONT FACE="Times New Roman" SIZE="1">One Heritage Drive</FONT><br><FONT FACE="Times New Roman" SIZE="1">North Quincy, MA 02171</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="ARIAL" SIZE="2"><B>Transfer Agent</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="1">The Bank of New York</FONT><br><FONT FACE="Times New Roman" SIZE="1">Shareholder Relations Department</FONT><br><FONT FACE="Times New Roman" SIZE="1">P.O. Box 11258</FONT><br><FONT
FACE="Times New Roman" SIZE="1">Church Street Station</FONT><br><FONT FACE="Times New Roman" SIZE="1">New York, NY 10286</FONT><br><FONT FACE="Times New Roman" SIZE="1">1-800-432-8224</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="ARIAL" SIZE="2"><B>Independent&nbsp;Registered<BR>Public&nbsp;Accounting&nbsp;Firm</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="1">PricewaterhouseCoopers LLP</FONT><br><FONT FACE="Times New Roman" SIZE="1">300 Madison Avenue</FONT><br><FONT FACE="Times New Roman" SIZE="1">New York, NY 10017</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="ARIAL" SIZE="2"><B>Legal Counsel</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="1">Dechert LLP</FONT><br><FONT FACE="Times New Roman" SIZE="1">1775 I Street N.W.</FONT><br><FONT FACE="Times New Roman" SIZE="1">Washington, DC 20006-2401</FONT></TD></TR>
<TR>
<TD VALIGN="top"><FONT FACE="ARIAL" SIZE="2"><B>Investor Relations</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="1">Aberdeen Asset Management Inc.</FONT><br><FONT FACE="Times New Roman" SIZE="1">45 Broadway, 21st Floor</FONT><br><FONT FACE="Times New Roman" SIZE="1">New York, NY 10006</FONT><br><FONT
FACE="Times New Roman" SIZE="1">1-866-839-5205</FONT><br><FONT FACE="Times New Roman" SIZE="1">InvestorRelations@aberdeen-asset.com</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center">

<IMG SRC="g55393g50x56.jpg" ALT="LOGO"> </P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Aberdeen Asset Management Asia Limited </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1">Shares of Aberdeen Australia Equity Fund, Inc. are traded on the American Stock </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1">Exchange and on the Pacific Stock Exchange under the symbol &#147;IAF&#148;. Information about the Fund&#146;s </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1">net asset value and market price is published weekly in Barron&#146;s and in </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="1">the Monday edition of The Wall Street Journal. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="1">This report, including the financial information herein, is transmitted to the shareholders of Aberdeen </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="1">Australia Equity Fund, Inc. for their general information only. It does not have regard to the </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1">specific investment objectives,
financial situation and the particular needs of any specific person. Past </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1">performance is no guarantee of future returns. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1">IAFA </FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Item 2 &#150; Code of Ethics </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(a)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">As of October 31, 2004, the Registrant had adopted a Code of Ethics that applies to its principal executive officer, principal financial officer and principal accounting officer
which is designed to deter wrongdoing and promote: </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(i)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships; </FONT></TD></TR></TABLE> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(ii)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Full, fair, accurate, timely, and understandable disclosure in reports and documents that a registrant files with, or submits to, the Commission and in other public communications
made by the registrant; </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(iii)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Compliance with applicable governmental laws, rules, and regulations; </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(iv)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">The prompt internal reporting of violations of the code to an appropriate person or persons identified in the code; and </FONT></TD></TR></TABLE> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(v)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Accountability for adherence to the code. </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%"><FONT FACE="Times New Roman" SIZE="2">Copies of the Code of Ethics may be requested free of charge by calling toll free on 1-866-839-5205. </FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(c)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">During the period covered by this report, the Code of Ethics referred to in 2(a) above was amended to reflect the appointment of a Chief Compliance Officer pursuant to Rule 38a-1 of
the Investment Company Act of 1940. Appendix A of the Code of Ethics was also amended to reflect the new President of the Fund, the new Chief Compliance Officer and new executive officers. </FONT></TD></TR></TABLE> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(d)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">During the period covered by this report, there were no waivers to the provisions of the code of ethics referred to in 2(a) above. </FONT></TD></TR></TABLE> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(e)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Not applicable </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(f)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">A copy of the Code of Ethics has been filed with this Form N-CSR as Item 12(a)(1) </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Item 3 &#150; Audit Committee Financial Expert </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">The Board of Directors of the Registrant has designated Peter Sacks and John Sheehy as Audit Committee Financial Experts. Mr Sacks and Mr Sheehy are both
considered by the Board to be independent directors as interpreted under this Item 3. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2">Item 4 &#150; Principal Accountant Fees and Services </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman"
SIZE="2">(a) &#150; (d) Below is a table reflecting the fee information requested in Items 4(a) through (d):- </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="90%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">

<TR>
<TD WIDTH="55%"></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="1"><B>Fiscal</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="1"><B>Year ended</B></FONT></P><HR
WIDTH="58" SIZE="1" NOSHADE ALIGN="left" COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>(a)</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="1"><B>Audit&nbsp;Fees</B></FONT></P><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>(b)</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="1"><B>Audit-Related&nbsp;Fees</B></FONT></P><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>(c) <SUP>1</SUP></B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="1"><B>Tax&nbsp;Fees</B></FONT></P><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>(d)</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="1"><B>All&nbsp;Other&nbsp;Fees</B></FONT></P><HR SIZE="1" NOSHADE COLOR="#000000"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">October 31, 2004</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">85,500</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">Nil</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">5,500</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">Nil</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">October 31, 2003</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">93,000</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">Nil</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">Nil</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">Nil</FONT></TD></TR>
</TABLE><HR WIDTH="8%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>1</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">The Tax Fees are for the completion of the Registrant&#146;s federal and state tax returns. </FONT></TD></TR></TABLE> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(e)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Below are the Registrant&#146;s Pre-Approval Policies and Procedures:- </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Audit Committee Pre-Approval Policies and Procedures </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">PRE-APPROVAL POLICIES AND PROCEDURES </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">as adopted by the </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">AUDIT COMMITTEES </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">of </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ABERDEEN AUSTRALIA EQUITY FUND, INC. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ABERDEEN ASIA-PACIFIC INCOME FUND, INC.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">ABERDEEN GLOBAL INCOME FUND, INC. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="2">(&#147;FUNDS&#148;) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">The Sarbanes-Oxley Act of 2002
(&#147;Act&#148;) and rules adopted by the Securities and Exchange Commission (&#147;SEC&#148;) require that the Audit Committee of each Fund pre-approve all audit services and non-audit services provided to the Fund by its independent accountant
(&#147;Auditor&#148;).</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>1</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"> The Act and such SEC rules also require that the </FONT></P><HR WIDTH="8%" SIZE="1" NOSHADE
COLOR="#000000" ALIGN="left">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>1</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">The term &#147;Auditor,&#148; as used in these procedures, means the firm engaged to provide the Fund with services listed in Appendix A. </FONT></TD></TR></TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%">
<FONT FACE="Times New Roman" SIZE="2">Audit Committee of each Fund pre-approve all non-audit services provided by the Auditor to (i) the Fund&#146;s investment manager, (ii) the Fund&#146;s
investment adviser, and (iii) any entity controlling, controlled by, or under common control with the investment manager or investment adviser that provides ongoing services to the Fund (entities in (i), (ii) and (iii), hereinafter &#147;Service
Affiliates&#148;)</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>2</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"> if the engagement for such Service Affiliates relates directly to the operations and financial
reporting of the Fund (&#147;Covered Non-Audit Services&#148;).</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>3</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"> </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">The following policies and procedures govern the ways in which the Audit
Committee of each Fund will consider the pre-approval of audit and non-audit services that the Auditor provides to the Fund, and Covered Non-Audit services that the Auditor proposes to provide to Service Affiliates.</FONT><FONT
FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>4</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"> These policies and procedures do not apply in the case of <U>audit services</U> that the Auditor provides to Service
Affiliates, nor do they apply to any services that an audit firm other than the Auditor provides to such entities. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">These policies and procedures comply with applicable legal requirements for pre-approval, and also provide a mechanism by which management of the Funds
and Service Affiliates may request and secure pre-approval of audit and non-audit services in an orderly manner with minimal disruption to normal business operations. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">The following policies and procedures are adopted by the Audit Committee of each Fund. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">A.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><U>General</U> </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">The Audit Committee must pre-approve all audit services and non-audit services that the Auditor provides to the Fund. </FONT></TD></TR></TABLE> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">2.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">The Audit Committee must pre-approve any engagement of the Auditor to provide Covered Non-Audit Services to any Service Affiliate during the period of the Auditor&#146;s engagement
to provide audit services to the Fund. </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">B.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><U>Pre-Approval of Audit Services to the Fund</U> </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">The Audit Committee shall approve the engagement of the Fund&#146;s Auditor for each fiscal year (the &#147;Engagement&#148;). The approval of the Engagement shall not be delegated
to a Designated Member. (See Section D below.) In approving the Engagement, the Audit Committee shall obtain, review and consider information concerning the proposed Auditor sufficient to enable the Audit Committee to make a reasonable evaluation of
the Auditor&#146;s qualifications and independence. The Audit Committee also shall consider the Auditor&#146;s proposed fees for the Engagement, in light of the scope and nature of the audit services that the Fund will receive.
</FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">2.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">The Audit Committee shall report to the Fund&#146;s board of directors (&#147;Board&#148;) regarding its approval of the Engagement and of the proposed fees for the Engagement, and
the basis for such approval. </FONT></TD></TR></TABLE><HR WIDTH="8%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>2</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Service Affiliates are listed in Appendix D. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>3</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Examples of types of non-audit services that may be provided to the Fund or a Service Affiliate are listed in Appendix B. <B><U>Note that</U></B> applicable law also
prohibits the provision of certain services by the Auditor to entities in the &#147;fund complex.&#148; The &#147;fund complex&#148; includes Service Affiliates and other entities. These prohibited services are listed in Appendix C. Fund Complex
Entities are also listed in Appendix C. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>4</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Unless otherwise indicated by the context, the term &#147;non-audit services&#148; herein includes non-audit services for the Fund as well as Covered Non-Audit
Services for a Service Affiliate. </FONT></TD></TR></TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">3.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Unless otherwise in accordance with applicable law, the Engagement, in any event, shall require that the Auditor be selected by the vote, cast in person, of a majority of the
members of the Board who are not &#147;interested persons&#148; of the Fund (as defined in Section 2(a)(19) of the Investment Company Act of 1940) (&#147;Independent Directors&#148;). </FONT></TD></TR></TABLE> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">C.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><U>Pre-Approval of Non-Audit Services to the Fund and to Service Affiliates &#150; by Types or Categories of Services</U> </FONT></TD></TR></TABLE> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">The Audit Committee may pre-approve the provision of types or categories of non-audit services for the Fund and Covered Non-Audit Services for its Service Affiliates pursuant to
this Section C. </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">2.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Annually, at such time as the Audit Committee considers the Engagement of the Auditor, management of the Fund and of the Service Affiliates, in consultation with the Auditor, shall
provide to the Audit Committee, for its consideration and action, the following: (a) a list of those types of non-audit services, if any, that the Fund expects to request from the Auditor during the fiscal year; and (b) a list of those types of
Covered Non-Audit Services that Service Affiliates expect to request from the Auditor during the fiscal year. </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">3.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">The lists submitted to the Audit Committee shall describe the types of non-audit services in reasonable detail and shall include an estimated budget (or budgeted range) of fees
where possible and such other information as the Audit Committee may request. </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">4.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><U>Standard for Pre-Approval</U> The Audit Committee, after appropriate consideration of such information as it deems relevant, may pre-approve a non-audit service that is not a
prohibited service (see Appendix C) if it specifically finds that the provision of such service is consistent with, and will not impair, the ongoing independence of the Auditor. In connection with any such pre-approval, the Audit Committee may set
such limits on fees and other conditions as it believes to be appropriate. </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">5.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">The Audit Committee&#146;s pre-approval of the types of non-audit services submitted pursuant to this Section C shall constitute authorization for management of the Fund to utilize
the Auditor for the types of non-audit services so pre-approved, if needed or desired during the fiscal year, subject to such conditions as may have been set by the Audit Committee. </FONT></TD></TR></TABLE> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">6.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Fund management will distribute a list of the types of non-audit services pre-approved by the Audit Committee pursuant to this Section C to management of the Service Affiliates and
the appropriate partners of the Auditor. Periodically, the Auditor will discuss with the Audit Committee those non-audit services that have been or are being provided pursuant to this Section C. </FONT></TD></TR></TABLE> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">D.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><U>Pre-Approval of Non-Audit Services to the Fund and to Service Affiliates &#150; Project-by-Project Basis</U> </FONT></TD></TR></TABLE> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Non-audit services may be pre-approved on a project-by-project basis pursuant to this Section D, subject to the Standard for Pre-Approval in Section C. </FONT></TD></TR></TABLE> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">2.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">The Audit Committee, from time to time, may, by resolution, designate one or more of its members who are Independent Directors (each a &#147;Designated Member&#148;) to consider, on
the Audit Committee&#146;s behalf, (i) any non-audit services proposed to be provided to the Fund that have not been pre-approved in accordance with these Procedures, (ii) any Covered Non-Audit Services proposed to be provided to any Service
Affiliate, that have not been pre-approved in accordance with these Procedures and (iii) any proposed material change in the nature or cost of any non-audit service, including any Covered Non-Audit Service, previously approved. The authority
delegated to the Designated Member shall be subject to such conditions as the Audit Committee may specify by resolution from time to time. </FONT></TD></TR></TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">3.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Management of the Fund or of the relevant Service Affiliate, in consultation with the Auditor, may submit either to the Audit Committee or to a Designated Member for its
consideration and action, a pre-approval request identifying one or more non-audit service projects for the Fund or Covered Non-Audit Service projects for a Service Affiliate, as well as any material changes proposed in a service that has been
pre-approved. Any request so submitted shall describe the project or projects in reasonable detail and shall include an estimated budget (or budgeted range) of fees and such other information as the Audit Committee or Designated Member shall
request. For any material change in the nature or cost of a pre-approved service, the request shall also describe reasons why the change is requested. The Audit Committee or Designated Member, as applicable, shall review the request subject to the
Standard for Review in Section C. </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">4.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">The Audit Committee or Designated Member, as applicable, will review the requested non-audit service or proposed material change in such service in light of the Standard for
Pre-Approval in Section C. If the review is by a Designated Member, such Designated Member will either: </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(a)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">pre-approve, pre-approve subject to conditions, or disapprove any such requested service, or any proposed material change in such service, whether to the Fund or to a Service
Affiliate; or </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(b)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">refer such matter to the full Audit Committee for its consideration and action. </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%"><FONT FACE="Times New Roman" SIZE="2">In considering any requested non-audit service or proposed material change in such service, the Designated Member shall take
into account any restrictions placed by the Audit Committee on his pre-approval authority. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">5.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">The Designated Member&#146;s pre-approval (or pre-approval subject to conditions) of a requested non-audit service or proposed material change in service pursuant to this Section D
shall constitute authorization for the management of the Fund or the Service Affiliate, as the case may be, to utilize the Auditor for the non-audit service so pre-approved. Any action by the Designated Member in approving a requested non-audit
service shall be presented for ratification by the Audit Committee not later than at its next regularly scheduled meeting. </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">E.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><U>Covered Non-Audit Services Provided to Covered Entities Pursuant to Waiver</U> </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%"><FONT FACE="Times New Roman" SIZE="2"><U>Note:</U> <U>It is generally expected that non-prohibited non-audit services, even when they do not involve significant
fees, will be pre-approved in accordance with Section C or D.</U> </FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">The Act provides a limited exception to the requirement that non-audit services (that are not prohibited services) must be pre-approved. This exception is designed to prevent the
disqualification of the Auditor due to a minor oversight and is to be used only rarely and <U>only</U> if each of the following conditions is satisfied: </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(a)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">The aggregate fees and costs of all non-audit services (including Covered Non-Audit Services) that, but for the limited exception provided by this Section E, would require
pre-approval by the Audit Committee constitutes no more than five percent of the total fees and costs paid by the Fund and Service Affiliates to the Auditor during the fiscal year during which such non-audit services are provided;
</FONT></TD></TR></TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(b)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">At the time of the engagement for such services, the Fund did not recognize that the services were &#147;non-audit services&#148; that required pre-approval; and
</FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(c)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Each such service is (i) brought promptly to the attention of the Audit Committee, (ii) is approved prior to the completion of the audit by the Audit Committee or a Designated
Member, in accordance with the Standard for Pre-Approval set forth in Section C and (iii) is approved based upon a determination that the service is eligible for the waiver provided by this Section E. </FONT></TD></TR></TABLE> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">F.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><U>Amendment; Annual Review</U> </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">The Audit Committee may amend these procedures from time to time. </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">2.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">These procedures shall be reviewed periodically, as needed, by the Audit Committee. </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">G.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><U>Recordkeeping</U> </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">The Fund shall maintain a written record of all decisions made by the Audit Committee or by a Designated Member pursuant to these procedures, together with appropriate supporting
material. </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">2.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">In connection with the approval of any non-audit service pursuant to the <I>de minimis </I>exception provided in Section E of these procedures, a record shall be made indicating
that each of the conditions for this exception has been satisfied. </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">3.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">A copy of these Procedures and of any amendments to these Procedures shall be maintained and preserved permanently in an easily accessible place. The written records referred t o in
paragraph 1 and 2 of this Section G shall be maintained and preserved for six years from the end of the fiscal year in which the actions recorded were taken, for at least the first two years in an easily accessible location.
</FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>APPENDIX A</U> </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>AUDIT SERVICES</U> </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">For purposes of these Procedures, &#147;audit services&#148; include the
following activities: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Annual audit of the Fund&#146;s financial statements and quarterly reviews. </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">2.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Other procedures, including review of tax provisions, that need to be performed by the Auditor in order to provide an opinion on the Fund&#146;s financial statements, including
tests performed to evaluate the Fund&#146;s internal control systems, review of information systems and procedures. </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">3.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Preparation of the Auditor&#146;s report on the Fund&#146;s internal controls for financial reporting, and related procedures. </FONT></TD></TR></TABLE> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">4.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Services that generally only the Auditor can provide, such as consents, comfort letters, assistance with and review of documents filed with the SEC, and statutory audits.
</FONT></TD></TR></TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>APPENDIX B</U> </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>NON-AUDIT SERVICES</U> </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">For purposes of these Procedures, the following services are &#147;non-audit services.&#148; If the services would be provided to a Covered Entity and the
engagement would relate directly to the operations and financial reporting of the Fund, these services would be Covered Non-Audit Services and, if not prohibited, are subject to the pre-approval requirements of these Procedures. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2"><U>Audit-Related Services</U> (traditionally performed by the firm engaged
as Auditor) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Audit of an employee benefit plan. </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">2.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Due diligence procedures related to mergers and acquisitions. </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">3.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Review of internal controls. </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">4.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Consultations concerning financial accounting and reporting standards. </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">5.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Testing services related to a fund&#146;s Auction Market Preferred Stock, as applicable. </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2"><U>Tax Services</U> </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Tax compliance services, including preparation of tax returns. </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">2.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Tax planning and advice. </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2"><U>Other Non-Audit Services</U> </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Advisory and consultation services. </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">2.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Other non-audit services not listed above. </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>APPENDIX C</U> </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>PROHIBITED SERVICES</U> </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT
FACE="Times New Roman" SIZE="2">In considering whether to pre-approve a service, the Audit Committee should be aware that the Auditor is prohibited from providing certain services to any Fund Complex Entity, subject to limited exceptions noted
below. Fund Complex Entities include: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">The Fund, its investment manager and investment adviser; </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">2.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Any entity controlled by or controlling the Fund&#146;s investment manager or investment adviser, or any entity under common control with the Fund&#146;s investment manager or
investment adviser if such entity (a) is an investment manager or investment adviser, or (b) is in the business of providing administrative, custodian, underwriting, or transfer agent services to any investment company or investment adviser; and
</FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">3.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Any investment company (including entities that would be investment companies but for the exclusions provided by Section 3(c) of the Investment Company Act of 1940) advised by the
Fund&#146;s investment manager or investment adviser or by an entity in paragraph 2, above. </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="6%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><U>Note:</U></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">The term &#147;investment adviser&#148; for this purpose does not include a sub-adviser whose role is primarily portfolio management and that is subcontracted with or overseen by
another investment adviser. </FONT></TD></TR></TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">The following entities are &#147;Fund Complex Entities:&#148; </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2"><B>Investment Managers/Advisers:</B> </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">Aberdeen Asset Management Limited </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">Aberdeen Asset Managers (CI) Limited </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman"
SIZE="2">Aberdeen Asset Managers Ltd. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">Aberdeen Asset Management Asia Ltd. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">Aberdeen Asset Management PLC </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2"><B>Funds:</B> </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">Aberdeen Australia Equity Fund, Inc. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman"
SIZE="2">Aberdeen Asia-Pacific Income Fund, Inc. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">Aberdeen Global Income Fund, Inc. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">Aberdeen Asia-Pacific Income Investment Company Limited </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">The following services may not be provided by the Fund&#146;s Auditor to a Fund Complex Entity, subject to the exceptions noted: </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><U>Bookkeeping or other services related to the accounting records or financial statements of a Fund Complex Entity</U>, including; </FONT></TD></TR></TABLE> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Maintaining or preparing the accounting records for a Fund Complex Entity; </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Preparing a Fund Complex Entity&#146;s financial statements that are filed with the Securities Exchange Commission (&#147;SEC&#148;), or that form the basis that form the basis for
such financial statements; or </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Preparing or originating source data underlying a Fund Complex Entity&#146;s financial statements. </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">2.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><U>Financial information systems design and implementation</U>, including: </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Directly or indirectly operating, or supervising the operation of, a Fund Complex Entity&#146;s information system or managing a Fund Complex Entity&#146;s local area network.
</FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Designing or implementing a hardware or software system that aggregates source data underlying the financial statements or generates information that is significant to a Fund
Complex Entity&#146;s financial statements or other financial information systems taken as a whole. </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">3.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><U>Appraisal or valuation services, fairness opinions, or contribution-in-kind reports</U>. </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">4.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><U>Actuarial services</U>. This category includes any actuarially-oriented advisory service involving the determination of amounts recorded in a Fund Complex Entity&#146;s financial
statements and related accounts. This prohibition does not apply to providing assistance to a Fund Complex Entity in understanding the methods, models, assumptions, and inputs used in computing an amount. </FONT></TD></TR></TABLE> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">5.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><U>Internal audit outsourcing services</U>. This category includes any internal audit service for a Fund Complex Entity that has been outsourced by the Fund Complex Entity that
relates to the Fund Complex Entity&#146;s internal accounting controls, financial systems, or financial statements. </FONT></TD></TR></TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2"><U>Exception:</U> The foregoing services 1-5 may be provided if the Audit Committee reasonably concludes
that the results of these services will not be subject to audit procedures during an audit of a Fund Complex Entity&#146;s financial statements. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">6.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><U>Management functions</U>. This category includes acting, temporarily or permanently, as a director, officer, or employee of a Fund Complex Entity, or performing any
decision-making, supervisory, or ongoing monitoring function for a Fund Complex Entity. </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">7.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><U>Human resources</U>. Services in this category are: </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">searching for or seeking out prospective candidates for managerial, executive, or director positions; </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">engaging in psychological testing, or other formal testing or evaluation programs; </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">undertaking reference checks of prospective candidates for an executive or director position; </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">acting as a negotiator on behalf of a Fund Complex Entity, such as determining position, status or title, compensation, fringe benefits, or other conditions of employment; or
</FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">recommending, or advising a Fund Complex Entity to hire, a specific candidate for a specific job (except that the Fund&#146;s independent accountant may, upon request by a Fund
Complex Entity, interview candidates and advise the Fund Complex Entity on the candidate&#146;s competence for financial accounting, administrative, or control positions). </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">8.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><U>Broker-dealer, investment adviser, or investment banking services</U>. Services in this category are: </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">acting as a broker-dealer (registered or unregistered), promoter, or underwriter, on behalf of a Fund Complex Entity; </FONT></TD></TR></TABLE> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">making investment decisions on behalf of a Fund Complex Entity, or otherwise having discretionary authority over an audit client&#146;s investments; </FONT></TD></TR></TABLE> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">executing a transaction to buy or sell an audit client&#146;s investment; or </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">having custody of assets of a Fund Complex Entity, such as taking temporary possession of securities purchased by a Fund Complex Entity. </FONT></TD></TR></TABLE> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">9.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><U>Legal services</U>. A prohibited legal service is any service to a Fund Complex Entity that, under circumstances in which the service is provided, could be provided only by
someone licensed, admitted, or otherwise qualified to practice law in the jurisdiction in which the service is provided. </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">10.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><U>Expert services unrelated to the audit</U>. This category includes providing an expert opinion or other expert service for a Fund Complex Entity, or a Fund Complex Entity&#146;s
legal representative, for the purpose of advocating a Fund Complex Entity&#146;s interests in litigation or in a regulatory or administrative proceeding or investigation. This prohibition is not applicable to cases in which the Fund&#146;s
independent accountant provides a factual account, including testimony, of work performed, or explains the positions taken or conclusions reached during the performance of any services provided by the accountant to a Fund Complex Entity.
</FONT></TD></TR></TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>APPENDIX D</U> </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>SERVICE AFFILIATES</U> </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">Any non-prohibited Covered Non-Audit Service provided to the following entities must be pre-approved as provided in these Procedures: </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Aberdeen Asset Management Limited </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Aberdeen Asset Managers (CI) Limited </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">Aberdeen Asset Managers Ltd. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Aberdeen Asset Management Asia Ltd. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Item 4 continued </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(2)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">None of the services described in each of paragraphs (b) through (d) of this Item involved a waiver of the pre-approval requirement by the Audit Committee pursuant to paragraph
(c)(7)(i)(C) of Rule 2-01 of Regulation S-X. </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(f)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Not applicable </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(g)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Non-Audit Fees </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="80%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">

<TR>
<TD WIDTH="71%"></TD>
<TD VALIGN="bottom" WIDTH="10%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="10%"></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Fiscal&nbsp;Year</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="1"><B>Ended</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>October&nbsp;31,&nbsp;2004</B></FONT></P><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Fiscal&nbsp;Year</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="1"><B>Ended</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>October&nbsp;31,&nbsp;2003</B></FONT></P><HR SIZE="1" NOSHADE COLOR="#000000"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Registrant</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">5,500</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">Nil</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Registrant&#146;s Investment Manager:-</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Prior to March 8, 2004 -</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:1px; margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Aberdeen Asset Managers (C.I.) Limited</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">Nil</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">29,000</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Effective March 8, 2004 -</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:1px; margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Aberdeen Asset Management Asia Limited</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">Nil</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2">Nil</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(h)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">The Registrant&#146;s Audit and Valuation Committee of the Board of Directors has considered whether the provision of non-audit services that were rendered to the Registrant&#146;s
investment adviser (not including any subadviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the
investment adviser that provides ongoing services to the Registrant that were not pre-approved pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X is compatible with maintaining the principal accountant&#146;s independence and has
concluded that it is. </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Item 5 &#150; Audit Committee of Listed
Registrants </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(a)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">The Registrant has a separately-designated standing audit committee established in accordance with Section 3(a)(58)(A) of the Securities Exchange Act of 1934, as amended.
</FONT></TD></TR></TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">The audit committee members are: </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Anthony E. Aaronson </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Peter D. Sacks </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">John T. Sheehy </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(b)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Not applicable </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">Item 6 &#150; Schedule of Investments </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman"
SIZE="2">Included as part of the report to shareholders filed under Item 1 of this Form N-CSR </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">Item 7 &#150; Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">Pursuant to the Registrant&#146;s Proxy Voting Policy and Procedures, the Registrant has delegated responsibility for its proxy voting to its Investment
Manager and Investment Adviser, provided that the Registrant&#146;s Board has the opportunity to periodically review the Investment Manager&#146;s and Investment Adviser&#146;s proxy voting policies and material amendments thereto. The
Registrant&#146;s Board of Directors most recently ratified the proxy voting policies of the Investment Manager and Investment Adviser in September 2003. The Registrant&#146;s Proxy Voting Policy and Procedures, and the policies of the
Registrant&#146;s Investment Manager and Investment Adviser, are currently under review for possible revision. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">The proxy voting policies of the Registrant and its Investment Manager and Investment Adviser appear below:- </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2"><U>Proxy Voting Policies and Procedures of the Registrant</U> </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>I.</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B><U>Statement of Policy</U></B> </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">The following are general proxy voting policies and procedures (&#147;Policies and Procedures&#148;) adopted by the Aberdeen investment companies that are
registered with the U.S. Securities and Exchange Commission (&#147;SEC&#148;) under the Investment Company Act of 1940, as amended (&#147;1940 Act&#148;), (&#147;Funds&#148; and each a &#147;Fund&#148;)</FONT><FONT FACE="Times New Roman" SIZE="1"
COLOR="#000000"><SUP>5</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"> and by the Boards of Directors (&#147;Boards&#148;) which oversee the Funds with respect to voting securities held by the Funds. These Policies and Procedures
are adopted to ensure compliance with Rule 30b1-4 of the 1940 Act and other applicable obligations of the Funds under the rules and regulations of the SEC and interpretations of its staff (&#147;Staff&#148;). It is the policy of the Funds to seek to
assure that proxies received by each Fund are voted in the best interest of each Fund&#146;s stockholders. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P><HR WIDTH="8%" SIZE="1" NOSHADE COLOR="#000000"
ALIGN="left">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>5</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Currently, the only Funds are closed-end funds consisting of Aberdeen Australia Equity Fund, Inc. (&#147;IAF&#148;), Aberdeen Asia-Pacific Income Fund, Inc.
(&#147;FAX&#148;), and Aberdeen Global Income Fund, Inc. (&#147;FCO&#148;). These Policies and Procedures will only be implemented by the Funds to the extent that they invest in voting securities. At this time, FAX and FCO invest only in fixed
income, or non-voting, securities. Each Fund will file a disclosure report to the extent required by law. </FONT></TD></TR></TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>II.</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B><U>Definitions</U></B> </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">A.&nbsp;&nbsp;&nbsp;&nbsp;&#147;Best interest of Fund stockholders&#148; - means stockholders&#146; best economic interest over the long
term, <I>i.e.</I>, the common interest that all stockholders have in seeing the value of a common investment increase over time. Stockholders may have differing political or social interests, but their best economic interest is generally uniform.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">B.&nbsp;&nbsp;&nbsp;&nbsp;&#147;Conflict of
interest&#148; - means circumstances when a proxy vote presents a conflict between the interests of Fund stockholders, on the one hand, and those of the Fund&#146;s investment manager,</FONT><FONT FACE="Times New Roman" SIZE="1"
COLOR="#000000"><SUP>6</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"> investment adviser,</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>7</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">
principal underwriter, or an affiliated person of the Fund, its Manager, Adviser, or principal underwriter, on the other, in how proxies are voted. In practical terms, these circumstances generally would arise when a Fund&#146;s Manager or Adviser
knowingly does business with a particular proxy issuer or closely affiliated entity, and may appear to have a material conflict between its own interests and the interests of stockholders in how proxies of that issuer are voted. A conflict might
exist in circumstances when the Fund&#146;s Manager or Adviser has actual knowledge of a material business arrangement between a particular proxy issuer (or closely affiliated entity) and the parent company or a corporate affiliate of the
Fund&#146;s Manager or Adviser. The Funds believe that a conflict of interest generally would not arise merely because a proxy issuer has a material business arrangement with a Fund&#146;s principal underwriter, or with an affiliated person of the
principal underwriter or the Funds (other than a Fund&#146;s Manager or Adviser or their respective parent company), because (1) each Fund&#146;s Manager or Adviser will generally make proxy voting decisions for the Fund under the delegation
arrangements described below; (2) each Fund&#146;s principal underwriter is not affiliated with its Manager or Adviser and will not have any input into the Manager&#146;s or Adviser&#146;s proxy voting decisions for the Fund; (3) other affiliated
persons of the principal underwriter or the Fund (other than the Fund&#146;s Manager or Adviser) likewise will not have any input into proxy voting decisions for the Fund; and (4) each Fund&#146;s Manager or Adviser is unlikely to be aware of, or
have any interest in, any business arrangement between the proxy issuer and the Fund&#146;s principal underwriter, or between the proxy issuer and an affiliated person of the principal underwriter or the Fund. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>III.</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B><U>Delegation of Responsibility for Proxy Voting</U></B> </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">A.&nbsp;&nbsp;&nbsp;&nbsp;Each Fund&#146;s Board annually evaluates its Fund&#146;s contract with its Manager and Adviser, and decides
whether to renew the contract. This process gives each Fund an annual opportunity to ensure that its Manager&#146;s and Adviser&#146;s investment philosophy is generally consistent with its investment objectives and the best economic interests of
its stockholders. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">B.&nbsp;&nbsp;&nbsp;&nbsp;Because the investment philosophy of each Fund&#146;s Manager and Adviser is generally consistent with the investment objectives of the Fund and the best economic interests of Fund stockholders, investment
decisions for each Fund should generally be consistent with its Manager&#146;s and Adviser&#146;s philosophy. In proxy voting decisions, as in other investment decisions, each Fund&#146;s Manager or Adviser is in the best position to determine
whether a particular proxy proposal is consistent with its philosophy, and therefore generally consistent with the investment objectives of the Fund and the best economic interests of Fund stockholders. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">C.&nbsp;&nbsp;&nbsp;&nbsp;Accordingly, each Fund has chosen
to delegate all responsibility for proxy voting to its Manager and Adviser, provided that each Fund&#146;s Board has the opportunity to periodically review and approve their proxy voting policies and any material amendments (and that the policies
contains provisions to address any conflicts of interest as described </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P><HR WIDTH="8%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>6</SUP></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP></SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Aberdeen Asset Management Asia Limited serves as investment manager (&#147;Manager&#148;) to
each Fund. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>7</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Aberdeen Asset Management Limited serves as investment adviser (&#147;Adviser&#148;) to each Fund. </FONT></TD></TR></TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">below). The Trade Processing Department of the Manager will serve as the Proxy Administrator and will
take responsibility for ensuring, among other things, that the vote for each proxy is cast in accordance with the proxy voting policies and procedures of the Manager and the Adviser. A Proxy Committee of the Adviser will take responsibility for
determining whether and how to vote each proxy, whether a conflict of interest exists, and how such conflicts are to be resolved in accordance with the proxy voting policies and procedures of the Manager and the Adviser. Under this delegation, the
Manager and Adviser may vote, abstain from voting, or take no action on proxies for a Fund in any manner consistent with the Manager&#146;s and Adviser&#146;s proxy voting policies (subject to provisions for addressing conflicts of interest). Each
Fund may revoke all or part of such delegation at any time by a vote of its Board. In the event that a Fund revokes the delegation of proxy voting responsibility to its Manager and Adviser, the Fund will assume full responsibility for ensuring that
proxies are voted in the best interest of its stockholders, and will promptly notify stockholders of the revocation. Thereafter, such Fund will vote proxies of portfolio securities consistently with the policies of its Manager and Adviser, or
develop its own basis for voting on particular matters.<B></B> </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">D.&nbsp;&nbsp;&nbsp;&nbsp;This delegation generally applies to all proxy voting matters on which each Fund may vote, such as corporate governance matters (including changes in the state of incorporation, mergers and
other corporate restructurings, and anti-takeover provisions such as staggered boards, poison pills, and supermajority provisions); changes to capital structure, including increases and decreases of capital and preferred stock issuance; stock option
plans and other management compensation issues; and social and corporate responsibility issues. This delegation permits the Manager and Adviser to vote (or abstain from voting or take no action on) proxies relating to matters that may affect
substantially the rights or privileges of the holders of securities to be voted, and to vote based on the Adviser&#146;s decisions or on provisions of the Manager&#146;s and Adviser&#146;s proxy policies that may support or give weight to the views
of management of a portfolio company. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>IV.</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B><U>Conflicts of Interest</U></B> </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">A.&nbsp;&nbsp;&nbsp;&nbsp;Each Fund recognizes that in unusual circumstances, a conflict of interest in how proxies are voted may appear
to exist, such as when its Manager or Adviser knowingly does business with a particular proxy issuer or closely affiliated entity or has actual knowledge of a material business arrangement between a particular proxy issuer or closely affiliated
entity, and the adviser&#146;s parent or an affiliated subsidiary. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">B.&nbsp;&nbsp;&nbsp;&nbsp;In those circumstances, to avoid any appearance concerns, each Fund believes it is appropriate for its Manager or Adviser to follow an alternative voting procedure rather than to vote proxies
in the Manager&#146;s or Adviser&#146;s sole discretion. Some examples of acceptable alternative voting procedures for resolving conflicts of interest include the following: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%"><FONT FACE="Times New Roman" SIZE="2">(1) Causing the proxies to be &#147;echo voted&#148; or &#147;mirror voted&#148; in the same proportion as the votes of
other proxy holders that are not Fund stockholders; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%"><FONT FACE="Times New Roman" SIZE="2">(2)
Causing the proxies to be voted in accordance with the recommendations of an independent service provider that the Manager or Adviser may use to assist it in voting proxies; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%"><FONT FACE="Times New Roman" SIZE="2">(3) Notifying a Fund&#146;s Board, a designated Board committee or a representative of either, of the conflict of interest
and seeking a waiver of the conflict to permit the Manager or Adviser to vote the proxies as it chooses under its usual policy; or </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%"><FONT FACE="Times New Roman" SIZE="2">(4) Forwarding the proxies to a Fund&#146;s Board, a designated Board committee or a representative of either, so that the Board, the committee or the
representative may vote the proxies itself. </FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">C.&nbsp;&nbsp;&nbsp;&nbsp;Each Fund generally delegates all responsibility for resolving
conflicts of interest to the Fund&#146;s Adviser, provided that the Adviser&#146;s proxy voting policy (as approved by the Fund&#146;s Board) includes acceptable alternative voting procedures for resolving material conflicts of interest, such as the
procedures described above. Under this delegation, the Adviser may resolve conflicts of interest in any reasonable manner consistent with the alternative voting procedures described in its proxy voting policy. Each Fund may revoke all or part of
this delegation at any time by a vote of its Board. In the event that a Fund revokes the delegation of responsibility for resolving conflicts of interest to the Adviser, the Fund will seek to resolve any conflicts of interest in the best interest of
stockholders. In doing so, the Fund may follow any of the procedures described in Paragraph III.B., above. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>V.</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B><U>Disclosure of Policy or Description/Proxy Voting Record</U></B> </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">A.&nbsp;&nbsp;&nbsp;&nbsp;Each Fund, unless it invests exclusively in non-voting securities, will disclose its proxy voting policy or a
description of it (and its Manager&#146;s and Adviser&#146;s proxy voting policy, or a description of them), in the Fund&#146;s annual report on Form N-CSR (beginning with the first annual report filed on or after July 1, 2003). The Fund will
disclose that this proxy voting policy or a description of it (and the Manager&#146;s and Adviser&#146;s proxy voting policy or a description) is available without charge, upon request, (1) by calling, toll-free, 1-800-522-5465; and (2) on the
SEC&#146;s website at http://www.sec.gov. Upon any request for a proxy voting policy or description of it, the policy or the description (or a copy of the most recent annual report containing the policy or description) will be sent by first-class
mail or other equally prompt delivery method within three business days of receipt of the request. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">B.&nbsp;&nbsp;&nbsp;&nbsp;Each Fund will also disclose in its annual report (beginning with the first annual report filed on or after
August 31, 2004) that information is available about how the Fund voted proxies during the most recent twelve-month period ended June 30, (1) by calling, toll-free, 1-800-522-5465; and (ii) on the SEC&#146;s website at http://www.sec.gov. Upon any
request for the Fund&#146;s proxy voting record, a copy of the information disclosed in its most recent Form N-PX will be sent by first-class mail or other equally prompt delivery method within three business days of receipt of the request.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">C.&nbsp;&nbsp;&nbsp;&nbsp;Each Fund will file
Form N-PX, completed and signed in the manner required, containing its proxy voting record for the most recent twelve-month period ended June 30 with the SEC. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">D.&nbsp;&nbsp;&nbsp;&nbsp;Each Fund will disclose the following information on Form N-PX for each matter relating to a portfolio
security considered at any stockholder meeting held during the period covered by the report and with respect to which the Fund was entitled to vote: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">The name of the issuer of the portfolio security; </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">The exchange ticker symbol of the portfolio security except to the extent not available through reasonably practicable means; </FONT></TD></TR></TABLE> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">The Council on Uniform Securities Identification Procedures (&#147;CUSIP&#148;) number for the portfolio security except to the extent not available through reasonably practicable
means; </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">The stockholder meeting date; </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">A brief identification of the matter voted on; </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Whether the matter was proposed by the issuer or by a security holder; </FONT></TD></TR></TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Whether the Fund cast its vote on the matter; </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">How the Fund cast its vote (<I>e.g.</I>, for or against proposal, or abstain; for or withhold regarding election of directors); and </FONT></TD></TR></TABLE> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="7%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Whether the Fund cast its vote for or against management. </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">Adopted effective December 9, 2004. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><U>Proxy Voting Policies and Procedures of the Registrant&#146;s Investment Manager and Investment Adviser</U> </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>ABERDEEN U.S. REGISTERED ADVISERS</U> </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><U>PROXY VOTING POLICIES AND PROCEDURES</U> </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">The following are proxy voting policies and procedures (&#147;Policies and
Procedures&#148;) adopted by affiliated investment advisers registered with the U.S. Securities and Exchange Commission (&#147;SEC&#148;) under the Investment Advisers Act of 1940, as amended (&#147;Advisers Act&#148;), that are subsidiaries of
Aberdeen Asset Management PLC (&#147;AAM&#148;); including, specifically, Aberdeen Asset Managers (C.I.) Limited, a Channel Islands corporation (&#147;Aberdeen Jersey&#148;); Aberdeen Asset Management Limited, an Australian corporation
(&#147;Aberdeen AU&#148;); Aberdeen Fund Managers Inc. (d/b/a Aberdeen Asset Management Inc.), a Delaware corporation (&#147;Aberdeen FL&#148;), and Aberdeen Asset Management Asia Limited, a Singapore corporation (&#147;Aberdeen Singapore&#148;)
(collectively referred to herein as &#147;Aberdeen Advisers&#148; and each an &#147;Aberdeen Adviser&#148;) (collectively with AAM, &#147;Aberdeen&#148;).</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>8</SUP></FONT><FONT
FACE="Times New Roman" SIZE="2" COLOR="#000000"> Pursuant to a Memorandum of Understanding (&#147;MOU&#148;), Aberdeen Singapore and Aberdeen Asset Managers Ltd (&#147;Aberdeen UK&#148;), a non-U.S. registered adviser, provide portfolio management
resources to certain U.S. funds or clients of Aberdeen FL which include substantive advice on voting proxies for certain equity securities. In addition, Aberdeen Singapore and Aberdeen UK have entered into a similar MOU with Aberdeen Jersey and
Aberdeen AU under which either entity may also provide substantive advice on proxy voting to certain U.S. funds or clients of Aberdeen Jersey and Aberdeen AU. To the extent that Aberdeen UK provides advisory services to any clients of Aberdeen FL or
to U.S. clients of Aberdeen Jersey or Aberdeen AU, Aberdeen UK will follow these Policies and Procedures as part of providing such advisory services. These Policies and Procedures are adopted to ensure compliance by the Aberdeen Advisers with Rule
206(4)-6 under the Advisers Act and other applicable fiduciary obligations under rules and regulations of the SEC and interpretations of its staff with respect to proxies for voting securities held by client portfolios. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">Clients may consist of investment companies registered under the Investment
Company Act of 1940, as amended (&#147;1940 Act&#148;) (&#147;Funds&#148; and each a &#147;Fund&#148;), and other U.S. residents as well as non-U.S. registered funds or clients. Any Aberdeen Adviser located in the United States follows these
Policies and Procedures for each of its respective clients as required under the Advisers Act and other applicable law, unless expressly directed by a client in writing to refrain from voting that client&#146;s proxies or to vote in accordance with
the client&#146;s proxy voting policies and procedures. Aberdeen Advisers located outside the U.S. may provide proxy voting services to their non-U.S. based clients in accordance with the jurisdiction in which the client is located. Aberdeen
Advisers who advise or subadvise the Funds follow both these Policies and Procedures and the proxy voting policies and procedures adopted by the Funds and their Boards of Directors. </FONT></P><HR WIDTH="8%" SIZE="1" NOSHADE COLOR="#000000"
ALIGN="left">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>8</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">These Policies and Procedures address proxy voting considerations under U.S. law and regulation and do not address the laws or requirements of other jurisdictions.
</FONT></TD></TR></TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>I.</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Definitions</B> </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:2%"><FONT FACE="Times New Roman" SIZE="2">A. &#147;Best interest of clients&#148;. Clients&#146; best economic interests over the long term &#151; that is, the common interest that
all clients share in seeing the value of a common investment increase over time. Clients may have differing political or social interests, but their best economic interest is generally uniform. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:2%"><FONT FACE="Times New Roman" SIZE="2">B. &#147;Material conflict of interest&#148;. Circumstances
when an Aberdeen Adviser or any member of senior management, portfolio manager or portfolio analyst knowingly does business with a particular proxy issuer or closely affiliated entity, which may appear to create a material conflict between the
interests of the Aberdeen Adviser and the interests of its clients in how proxies of that issuer are voted. A material conflict of interest might also exist in unusual circumstances when Aberdeen has actual knowledge of a material business
arrangement between a particular proxy issuer or closely affiliated entity and an affiliate of an Aberdeen Adviser. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>II.</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>General Voting Policies</B> </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:2%"><FONT FACE="Times New Roman" SIZE="2">A. <U>Client&#146;s Best Interest</U>. These Policies and Procedures are designed and implemented in a way that is reasonably expected to
ensure that proxies are voted in the best interests of clients. Proxies are voted with the aim of furthering the best economic interests of clients, promoting high levels of corporate governance and adequate disclosure of company policies,
activities and returns, including fair and equal treatment of stockholders. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:2%"><FONT
FACE="Times New Roman" SIZE="2">B. <U>Shareholder Activism</U>. Aberdeen Advisers seek to develop relationships with the management of portfolio companies to encourage transparency and improvements in the treatment of employees, owners and
stakeholders. Thus, Aberdeen Advisers may engage in dialogue with the management of portfolio companies with respect to pending proxy voting issues. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:2%"><FONT FACE="Times New Roman" SIZE="2">C. <U>Case-by-Case Basis</U>. These Policies and Procedures are guidelines. Each vote is ultimately cast on a case-by-case basis, taking
into consideration the contractual obligations under the advisory agreement or comparable document, and all other relevant facts and circumstances at the time of the vote. Aberdeen Advisers may cast proxy votes in favor of management proposals or
seek to change the views of management, considering specific issues as they arise on their merits. Aberdeen Advisers may also join with other investment managers in seeking to submit a shareholder proposal to a company or to oppose a proposal
submitted by the company. Such action may be based on fundamental, social, environmental or human rights grounds. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:2%"><FONT FACE="Times New Roman" SIZE="2">D. <U>Individualized</U>. These Policies and Procedures are tailored to suit Aberdeen&#146;s advisory business and the types of securities
portfolios Aberdeen Advisers manage. To the extent that clients (e.g., investment companies, corporations, pension plans) have adopted their own procedures, Aberdeen Advisers may vote the same securities differently depending upon clients&#146;
directions. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:2%"><FONT FACE="Times New Roman" SIZE="2">E. <U>Material Conflicts of
Interest</U>. Material conflicts are resolved in the best interest of clients. When a material conflict of interest between an Aberdeen Adviser and its respective client(s) is identified, the Aberdeen Adviser will choose among the procedures set
forth in Section IV.B.2. below, to resolve such conflict. </FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:2%"><FONT FACE="Times New Roman" SIZE="2">F <U>Limitations</U>. The circumstances under which Aberdeen may take a limited role in
voting proxies, include the following: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">1. No
Responsibility. Aberdeen Advisers will not vote proxies for client accounts in which the client contract specifies that Aberdeen will not vote. Under such circumstances, the clients&#146; custodians are instructed to mail proxy material directly to
such clients. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">2. Limited Value. Aberdeen
Advisers may abstain from voting a client proxy if the effect on shareholders&#146; economic interests or the value of the portfolio holding is indeterminable or insignificant. Aberdeen Advisers may also abstain from voting the proxies of portfolio
companies held in their passively managed funds. Proxies with respect to securities that have been sold before the date of the shareholders meeting and are no longer held by a client generally will not be voted. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">3. Unjustifiable Costs. Aberdeen may abstain from voting a
client proxy for cost reasons (e.g., non-U.S. securities). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">4. Securities Lending Arrangements. If voting securities are part of a securities lending program, Aberdeen may be unable to vote while the securities are on loan. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">5. Share Blocking. Certain jurisdictions may impose share
blocking restrictions at various times which may prevent Aberdeen from exercising its voting authority. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">6. Special Considerations. Aberdeen&#146;s responsibilities for voting proxies are determined generally by its obligations under each
advisory contract or similar document. If a client requests in writing that an Aberdeen Adviser vote its proxy in a manner inconsistent with these Policies and Procedures, Aberdeen may follow the client&#146;s direction or may request that the
client vote the proxy directly. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:2%"><FONT FACE="Times New Roman" SIZE="2">G. <U>Sources
of Information</U>. Aberdeen may conduct research internally and/or use the resources of an independent research consultant. Aberdeen may consider legislative materials, studies of corporate governance and other proxy voting issues, and/or analyses
of shareholder and management proposals by a certain sector of companies, e.g., Fortune 500 companies. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:2%"><FONT FACE="Times New Roman" SIZE="2">H. <U>Subadvisers</U>. To the extent that an Aberdeen Adviser may rely on subadvisers, whether affiliated or unaffiliated, to manage any
client portfolio on a discretionary basis, the Aberdeen Adviser will delegate responsibility for voting proxies to the subadviser. However, such subadvisers will be required either to follow these Policies and Procedures or to demonstrate that their
proxy voting policies and procedures are consistent with these Policies and Procedures or otherwise implemented in the best interests of Aberdeen clients. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:2%"><FONT FACE="Times New Roman" SIZE="2">I. <U>Availability of Policies and Procedures</U>. Aberdeen Advisers will provide clients with a copy of these Policies and Procedures, as
revised from time to time, upon request. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:2%"><FONT FACE="Times New Roman" SIZE="2">J.
<U>Disclosure of Vote</U>. As disclosed in Part II of each Aberdeen Adviser&#146;s Form ADV, a client may obtain information on how its proxies were voted by requesting such information from its Aberdeen Adviser. Aberdeen Advisers do not generally
disclose client proxy votes to third parties, other than as required for Funds, unless specifically requested, in writing, by the client. </FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>III.</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Specific Voting Policies</B> </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:2%"><FONT FACE="Times New Roman" SIZE="2">A. <U>General Philosophy</U>. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="11%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Support existing management on votes on the financial statements of a company and the election of the Board of Directors; </FONT></TD></TR></TABLE> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="11%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Vote for the acceptance of the accounts unless there are grounds to suspect that either the accounts as presented or audit procedures used, do not present an accurate picture of
company results; and </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="11%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">&#149;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Support routine issues such as the appointment of independent auditors, allocation of income and the declaration of stock (scrip) dividend proposals provided there is a cash
alternative. </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:2%"><FONT FACE="Times New Roman" SIZE="2">B.
<U>Anti-takeover Measures</U>. Aberdeen Advisers vote on anti-takeover measures on a case-by-case basis taking into consideration such factors as the long-term financial performance of the target company relative to its industry competition. Key
measures of performance will include the growth rates for sales, operating income, net income and total shareholder returns. Other factors which will be considered include margin analysis, cash flow and debt levels. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:2%"><FONT FACE="Times New Roman" SIZE="2">C. <U>Proxy Contests for Control</U>. Aberdeen Advisers vote
on proxy contests for control on a case-by-case basis taking into consideration such factors as long-term financial performance of the target company relative to its industry, management&#146;s track record, background to the proxy contest,
qualifications of director nominees, evaluation of what each side is offering shareholders as well as the likelihood that the proposed objectives and goals can be met, and stock ownership positions. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:2%"><FONT FACE="Times New Roman" SIZE="2">D. <U>Contested Elections</U>. Aberdeen Advisers vote on
contested elections on a case-by-case basis taking into consideration such factors as the qualifications of all director nominees. Aberdeen Advisers also consider the independence of board and key committee members and the corporate governance
practices of the company. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:2%"><FONT FACE="Times New Roman" SIZE="2">E. <U>Executive
compensation proposals</U>. Aberdeen Advisers consider such proposals on a case-by-case basis taking into consideration such factors as executive pay and spending perquisites, particularly in conjunction with sub-par performance and employee
layoffs. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:2%"><FONT FACE="Times New Roman" SIZE="2">F. <U>Shareholder Proposals</U>.
Aberdeen Advisers consider such proposals on a case-by-case basis. Aberdeen Advisers support those proposals which will improve the company&#146;s corporate governance or business profile at a reasonable cost, but may oppose proposals which result
in significant cost being incurred with little or no benefit to the company or its shareholders. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>IV.</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Proxy Voting Procedures</B> </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">This section applies to each Aberdeen Adviser except to the extent that certain procedures are identified as applicable only to a specific Aberdeen
Adviser. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:2%"><FONT FACE="Times New Roman" SIZE="2">A. <U>Obtain Proxy</U>. Registered
owners of record, <I>e.g.,</I> trustees or custodian banks, that receive proxy materials from the issuer or its information agent, are instructed to sign physical proxy cards in blank and forward directly to the relevant Aberdeen Adviser&#146;s
proxy administrator (&#147;PA&#148;). Proxies may also be delivered electronically by custodians using proxy services such as ProxyEdge. Each proxy received is matched to the securities to be voted. </FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:2%"><FONT FACE="Times New Roman" SIZE="2">B. <U>Material Conflicts of Interest</U>. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">1. Identify the existence of any material conflicts of
interest relating to the securities to be voted or the issue at hand. Portfolio managers and research analysts (Analysts&#148;) and senior management of each Aberdeen Adviser have an affirmative duty to disclose to the relevant proxy committees any
personal conflicts such as officer or director positions held by them, their spouses or close relatives in the portfolio company or attempts by the portfolio company to exert influence over such person with respect to their vote. Conflicts based on
business relationships or dealings of affiliates of any Aberdeen Adviser will only be considered to the extent that the Aberdeen Adviser has actual knowledge of such business relationships. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">2. When a material conflict of interest between an Aberdeen
Adviser&#146;s interests and its clients&#146; interests appears to exist, the Aberdeen Adviser may choose among the following options to eliminate such conflict: (1) vote in accordance with these Policies and Procedures if it involves little or no
discretion; (2) vote as recommended by a third party service if the Aberdeen Adviser utilizes such a service; (3) &#147;echo vote&#148; or &#147;mirror vote&#148; the proxies in the same proportion as the votes of other proxy holders that are not
Aberdeen clients; (4) if possible, erect information barriers around the person or persons making voting decisions sufficient to insulate the decision from the conflict; (5) if practical, notify affected clients of the conflict of interest and seek
a waiver of the conflict; or (6) if agreed upon in writing with the client, forward the proxies to affected clients allowing them to vote their own proxies. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:2%"><FONT FACE="Times New Roman" SIZE="2">C. <U>Analysts</U>. The PA for each Aberdeen Adviser will ensure that each proxy statement is directed to the appropriate Analyst. If a
third party recommendation service has been retained, the relevant PA will forward the proxy statement to the Analyst with the recommendation highlighted. The Analyst will determine whether to vote as recommended by the service provider or to
recommend an alternative and shall advise the PA. The Analyst may consult with the PA as necessary. If the Analyst recommends voting against the third party recommendation, he or she is responsible for documenting the reasons for such recommendation
and that no conflict of interest influenced such recommendation. If no third party recommendation service is utilized or if no recommendation is provided, the Analyst is responsible for documenting the rationale for his or her vote recommendation.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:2%"><FONT FACE="Times New Roman" SIZE="2">D. <U>Vote</U>. The following describes the
breakdown of responsibilities between the PA and the Proxy Committee (&#147;PC&#148;) of each Aberdeen Adviser in voting portfolio securities and the extent to which the Aberdeen Advisers rely on third party service providers. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">1. Aberdeen FL </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">The PA for Aberdeen FL (&#147;PA-FL&#148;), who resides in Ft. Lauderdale,
and the PA for Aberdeen UK (&#147;PA-UK&#148;), which is part of the Trade Processing Department resident in Aberdeen, Scotland, are responsible for ensuring that votes for Aberdeen FL clients are cast and cast in accordance with these Policies and
Procedures. The PA-FL and the PA-UK are identified more specifically on Appendix A1. The PA-FL is primarily responsible for administering proxy votes for the Phoenix funds which are sub-advised by Aberdeen FL. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">Responsibility for considering the substantive issues relating to any vote
and for deciding how shares will be voted resides with the relevant Analyst whether located in Aberdeen FL, Aberdeen UK or Aberdeen Singapore. Under Aberdeen-FL&#146;s MOU with Aberdeen Singapore, the relevant Analyst for Far East equity securities
will generally reside in Aberdeen Singapore. </FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">In the event that a material conflict of interest is identified by any Analyst, whether in Aberdeen FL,
Aberdeen UK or Aberdeen Singapore, decisions on how to vote will be referred to the Aberdeen FL proxy committee (&#147;PC-FL/UK&#148;). Under Aberdeen FL&#146;s MOU with Aberdeen UK, the PC-FL/UK is headquartered in Glasgow, Scotland, and includes
the Chief Investment Officer or Deputy Chief Investment Officer, the head of the Socially Responsible Investing (&#147;SRI&#148;) Team and a member of the Compliance team, who are more specifically identified on Appendix A1. The PC-FL/UK meets as
needed to consider material conflicts of interest or any other items raising unique issues. If the PC-FL/UK determines that there is no material conflict of interest, the vote recommendation will be forwarded to the appropriate proxy administrator,
either the PA-FL or PA-UK. If a material conflict of interest is identified, the PC-FL/UK will follow the conflict of interest procedures set forth in Section IV.B.2., above. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">Aberdeen FL has engaged ProxyEdge, a third party service provider, to cast votes electronically for certain clients and to
maintain records of such votes electronically.</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>9</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"> Votes for some of the wrap accounts are handled manually and hard
copies of any manual votes cast are maintained in the Florida office of Aberdeen FL. Pursuant to the MOU, Aberdeen UK votes proxies for certain U.S. clients of Aberdeen FL. Aberdeen UK has engaged Institutional Shareholder Services
(&#147;ISS&#148;), a third party service provider, to provide (1) notification of impending votes; (2) research into non-routine votes, including shareholder resolutions; (3) voting recommendations which may be viewed on-line; and (4) web-based
voting. In the absence of any material conflict of interest, Aberdeen FL may either vote in accordance with the ISS recommendation or decline to follow the ISS recommendation based on its own view of the agenda item provided that decisions to vote
contrary to the ISS recommendation are documented as set forth in Section IV.C., above. For clients on the ISS system, votes are automatically entered in accordance with ISS recommendations unless the PA-UK expressly changes the vote prior to the
voting deadline with appropriate analyst documentation. In the event of a material conflict of interest, Aberdeen FL will follow the procedures outlined in Section IV.B.2, above. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">2. Aberdeen Jersey, Aberdeen AU and Aberdeen Singapore </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">Aberdeen Jersey and Aberdeen AU are responsible for voting proxies for the
Funds. The PA for Aberdeen Jersey and Aberdeen AU (&#147;PA-Jersey&#148;) is the Trade Processing Department in Jersey, Channel Islands, members of which are more specifically identified on Appendix A2. The PA-Jersey is responsible for ensuring that
votes are cast and cast in accordance with these Policies and Procedures. The PA-Jersey uses ProxyEdge to electronically cast votes for the Funds and to maintain electronic records of the votes cast. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">Responsibility for considering the substantive issues relating to any Fund
vote and for deciding how the shares will be voted resides with relevant equity and/or fixed income Analyst. Pursuant to the MOU among Aberdeen Jersey, Aberdeen AU and Aberdeen UK, the relevant Analyst may be a member of the Fund portfolio
management team in London, England. In the event that a material conflict of interest is identified, decisions on how to vote will be referred to the proxy committee (&#147;PC-AU&#148;) located in Aberdeen AU. The PC-AU includes the Heads of Equity
and Fixed Income Portfolio Management and the Compliance Officer, who are more specifically identified on Appendix A2. The PC-AU meets as needed to consider a material conflict of interest or any other items raising unique issues. If the PC-AU
determines there is no material conflict of interest, the vote </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P><HR WIDTH="8%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>9</SUP></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP></SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">The Phoenix Funds, sub-advised by Aberdeen FL, require electronic voting through ProxyEdge.
Custodians for certain other clients also provide the PA-FL with access to ProxyEdge. </FONT></TD></TR></TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%">
<FONT FACE="Times New Roman" SIZE="2">recommendation will be forwarded to the PA-Jersey to be cast. If a material conflict of interest is identified, the PC-AU will follow the conflict of
interest procedures set forth in Section IV.B.2., above, and in the Aberdeen Funds Proxy Voting Policy and Procedures. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">Aberdeen Singapore currently provides advice to Aberdeen Jersey and Aberdeen AU only with respect to fixed income securities. In the event that Aberdeen
Singapore later provides advice to either Aberdeen Jersey and Aberdeen AU with respect to equity securities, Aberdeen Singapore may designate its own PA and PC. At present, a member of the PC-AU already serves as an Aberdeen Singapore Analyst and
this member will serve on the Aberdeen Singapore PC with respect to proxy voting advice rendered to Aberdeen Jersey and Aberdeen AU to the extent such a committee may be necessary. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:2%"><FONT FACE="Times New Roman" SIZE="2">E. Review. Each PA is responsible for ensuring that proxy materials are received in a timely manner and
reconciled against holdings on the record date of client accounts over which the Aberdeen Adviser has voting authority to ensure that all shares held on the record date, and for which a voting obligation exists, are voted. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>V.</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Documentation, Recordkeeping and Reporting Requirements </B></FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:2%"><FONT FACE="Times New Roman" SIZE="2">A. <U>Documentation</U>. The Aberdeen PAs are responsible for: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">1. Implementing and updating these Policies and Procedures; </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">2. Overseeing the proxy voting process; </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">3. Consulting with portfolio managers/analysts for the
relevant portfolio security; and </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">4.
Maintaining manual proxy voting records, if any, and overseeing and reviewing voting execution and recordkeeping by third party providers such as ISS and ProxyEdge. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:2%"><FONT FACE="Times New Roman" SIZE="2">B. <U>RecordKeeping</U>. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">1. Each Aberdeen Adviser maintains or procures the maintenance of records of all proxies it has voted. As
permitted by Rule 204-2(c), electronic proxy statements and the record of each vote cast by each client account of Aberdeen FL will be maintained by either ISS and Proxy Edge, depending on the client account. Similarly, electronic proxy statements
and the record of each vote cast by each U.S. client account of Aberdeen Jersey will be maintained by Proxy Edge.</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>10 </SUP></FONT><FONT FACE="Times New Roman" SIZE="2"
COLOR="#000000">Aberdeen FL shall obtain and maintain undertakings from both ISS and Proxy Edge to provide it with copies of proxy voting records and other documents relating to its clients&#146; votes promptly upon request. Aberdeen Jersey shall
obtain and maintain an undertaking from Proxy Edge to provide it with copies of proxy voting records and other documents relating to votes for its U.S. clients promptly upon request. Aberdeen Advisers, ISS and Proxy Edge may rely on the SEC&#146;s
EDGAR system to keep records of certain proxy statements if the proxy statements are maintained by issuers on that system (<I>e.g.</I>, large U.S.-based issuers). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">2. As required by Rule 204-2(c), such records will also include: (a) a copy of the Policies and Procedures;
(b) a copy of any document created by the Aberdeen Adviser that was material to making a decision on how to vote proxies on behalf of a client or that </FONT></P><HR WIDTH="8%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>10</SUP></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP></SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">A Fund&#146;s proxy voting record must be filed with the SEC on Form N-PX. Form N-PX must be
completed and signed in the manner required, containing a fund&#146;s proxy voting record for the most recent twelve-month period ended June 30</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>th</SUP></FONT><FONT
FACE="Times New Roman" SIZE="2" COLOR="#000000"> (beginning August 31, 2004). If an Aberdeen Adviser delegates this reporting responsibility to a third party service provider such as ISS or Proxy Edge, it will ensure that the third party service
provider files Form N-PX accordingly. </FONT></TD></TR></TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%">
<FONT FACE="Times New Roman" SIZE="2">memorializes the basis for that decision; and (c) each written client request for proxy voting records and the Aberdeen Adviser&#146;s written response to
any (written or oral) client request for such records. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">3. Duration. Proxy voting books and records will be maintained in an easily accessible place for a period of five years, the first two in an appropriate office of the Aberdeen Adviser. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:2%"><FONT FACE="Times New Roman" SIZE="2">C. Reporting. Aberdeen FL will initially inform clients of
these Policies and Procedures and how a client may learn of the voting record for client&#146;s securities through disclosure of its full policies and procedures in Part II of its Form ADV. Aberdeen Jersey, Aberdeen AU and Aberdeen Singapore will
initially inform clients of these Policies and Procedures by summary disclosure in Part II of their respective Forms ADV. Upon receipt of a client&#146;s request for more information, Aberdeen FL, Aberdeen Jersey, Aberdeen AU and Aberdeen Singapore
will provide to the client a copy of these Policies and Procedures and/or, in accordance with the client&#146;s stated requirements, how the client&#146;s proxies were voted during the period requested subsequent to the adoption of these Policies
and Procedures. Such periodic reports, other than those required for the Funds, will not be made available to third parties absent the express written request of the client. However, to the extent that any Aberdeen Adviser may serve as a subadviser
to another adviser to a Client, such Aberdeen Adviser will be deemed to be authorized to provide proxy voting records on such Client accounts to such other adviser. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:2%"><FONT FACE="Times New Roman" SIZE="2">D. Review of Policies and Procedures. These Policies and Procedures will be subject to review on a periodic
basis as deemed appropriate by the Aberdeen Advisers.<B></B> </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman"
SIZE="2">Effective Date: July 1, 2003 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>ANNEXURE A1
</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2"><B>PA-FL</B> </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">Susan Connerney </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2"><B>PA-UK</B> </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">Members of Trade Processing Department in Aberdeen, Scotland </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="50%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="48%"></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="1"><B>Names:</B></FONT></P><HR WIDTH="40" SIZE="1" NOSHADE ALIGN="left" COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="1"><B>Titles:</B></FONT></P><HR WIDTH="35" SIZE="1" NOSHADE ALIGN="left" COLOR="#000000"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Barry McAllister</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Investment Administration Supervisor</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">David Walker</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Investment Administrator</FONT></TD></TR>
</TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2"><B>PC-FL/UK</B> </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">Chief Investment Officer/Deputy CIO/Head of SRI/Compliance Officer*** </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="50%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="48%"></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="1"><B>Names:</B></FONT></P><HR WIDTH="40" SIZE="1" NOSHADE ALIGN="left" COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="1"><B>Titles:</B></FONT></P><HR WIDTH="35" SIZE="1" NOSHADE ALIGN="left" COLOR="#000000"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Katherine Garrett-Cox</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Chief Investment Officer</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Andrew Preston</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Head of Socially Responsible Investing (SRI)</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Janet Murdoch</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Compliance Officer</FONT></TD></TR>
</TABLE><HR WIDTH="8%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">***</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">From time to time one or more members of the committee may be represented by an authorized representative of their respective Department. </FONT></TD></TR></TABLE> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>ANNEXURE A2 </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2"><B>PA-Jersey</B> </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">Members of Trade Processing Department in Channel Islands, Jersey
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="50%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="48%"></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="1"><B>Names:</B></FONT></P><HR WIDTH="40" SIZE="1" NOSHADE ALIGN="left" COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="1"><B>Titles:</B></FONT></P><HR WIDTH="35" SIZE="1" NOSHADE ALIGN="left" COLOR="#000000"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Linda Baker</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Heather Richard</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Theresa Allo</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2"><B>PC-AU</B>
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">Portfolio Managers/Research Analysts in Sydney, Australia
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="50%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="48%"></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="1"><B>Names:</B></FONT></P><HR WIDTH="40" SIZE="1" NOSHADE ALIGN="left" COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="1"><B>Titles:</B></FONT></P><HR WIDTH="35" SIZE="1" NOSHADE ALIGN="left" COLOR="#000000"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Steve Robinson</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Equities Fund Manager</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Munib Madni</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Equities Fund Manager</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">James Blair</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Fixed Income Fund Manager</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Alison Briggs</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Fixed Income Fund Manager</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Chris Beard</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Compliance Officer</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Item 8 - Portfolio Managers of
Closed-End Management Investment Companies </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">Not applicable
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Item 9 &#150; Purchases of Equity Securities by Closed-End Management
Investment Company and Affiliated Purchasers </FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">REGISTRANT PURCHASES OF EQUITY SECURITIES </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">

<TR>
<TD WIDTH="57%"></TD>
<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="1"><B>Period</B></FONT></P><HR WIDTH="34" SIZE="1" NOSHADE ALIGN="left" COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>(a)</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="1"><B>Total<BR>Number&nbsp;of<BR>Shares<BR>Purchased</B></FONT></P><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>(b)</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="1"><B>Average<BR>Price&nbsp;Paid<BR>per Share</B></FONT></P><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>(c)</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="1"><B>Total&nbsp;Number&nbsp;of<BR>Shares&nbsp;Purchased&nbsp;as<BR>Part of Publicly<BR>Announced Plans or<BR>Programs <SUP>1</SUP></B></FONT></P><HR SIZE="1" NOSHADE COLOR="#000000"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>(d)</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="1"><B>Maximum&nbsp;Number&nbsp;of<BR>Shares That May Yet<BR>Be Purchased Under<BR>the Plans or</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1"><B>Programs
<SUP>1</SUP></B></FONT></P><HR SIZE="1" NOSHADE COLOR="#000000"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">November 1, through, November 30, 2003</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">1,677,729</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">December 1 through December 31, 2003</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">1,677,729</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">January 1 through January 31, 2004</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">1,677,729</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">February 1 through February 29, 2004</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">1,677,729</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">March 1 through March 31, 2004</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">1,677,729</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">April 1 through April 30, 2004</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">1,677,729</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">May 1 through May 31, 2004</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">1,677,729</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">June 1 through June 30, 2004</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">1,677,729</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">July 1 through July 31, 2004</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">1,677,729</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">August 1 through August 31, 2004</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">1,677,729</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">September 1 through September 30, 2004</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">1,677,729</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">October 1 through October 31, 2004</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">1,677,729</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Total</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">0</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">-</FONT></TD></TR>
</TABLE><HR WIDTH="8%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>1</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">The Fund&#146;s stock repurchase program was announced on March 19, 2001 and allows the Fund to repurchase up to 10% of its outstanding common stock in the open
market during any 12 month period if and when the discount to net asset value is at least 10%. </FONT></TD></TR></TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Item 10 &#150; Submission of Matters to a Vote of Security Holders </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">On December 9, 2004, the Fund&#146;s Board of Directors adopted policies by
which shareholders may recommend nominees to the Fund&#146;s Board. These policies are set forth in their entirety below: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>Aberdeen Australia Equity Fund, Inc. </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>Policies for Consideration of Board Member Candidates submitted by Fund Stockholders </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">(Adopted as of December 9, 2004) </FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">Pursuant to
the Charter of the Nominating and Corporate Governance Committee (the &#147;Committee&#148;) of Aberdeen Australia Equity Fund, Inc. (the &#147;Fund&#148;), the Committee is charged with evaluating the qualifications of candidates to serve on the
Fund&#146;s Board of Directors (&#147;Board&#148;) and with making nominations for members of the Board. These Policies shall apply to the Committee&#146;s consideration of Board member candidates submitted by Fund stockholders. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2"><B><U>Nominations from Stockholders</U></B> </FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">While the
Committee is solely responsible for evaluating and nominating candidates to serve on the Board, the Committee may consider nominations from stockholders of the Fund. Each eligible stockholder or stockholder group may submit no more than one
candidate each calendar year. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>1.</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Independent Director Candidates</B> </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">A. In order for the Committee to consider a stockholder submission for an independent director, the following requirements must be satisfied regarding the
candidate: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">The candidate must satisfy all qualifications provided herein for an independent director, in the Fund&#146;s organizational documents and in the Fund&#146;s Nominating and
Corporate Governance Committee Charter; </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(2)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">If the nominating stockholder or any member of the nominating stockholder group is a natural person, the candidate may not be the nominating stockholder, a member of the nominating
stockholder group, or a member of the immediate family of the nominating stockholder or any member of the nominating stockholder group;</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>11</SUP></FONT><FONT FACE="Times New Roman"
SIZE="2" COLOR="#000000"> </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(3)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">If the nominating stockholder or any member of the nominating stockholder group is an entity, neither the candidate nor any member of the candidate&#146;s immediate family may have
been employed during the calendar year of the submission nor the immediately preceding calendar year, by the nominating stockholder or any member of a nominating stockholder group; </FONT></TD></TR></TABLE> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(4)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Neither the candidate nor any immediate family member of the candidate is permitted to have accepted directly or indirectly, during the calendar year of the submission or during the
immediately preceding calendar year, any consulting, advisory, or other compensatory fee from the nominating stockholder or any member of a nominating stockholder group or any affiliate of any such stockholder or any such member;
</FONT></TD></TR></TABLE><HR WIDTH="8%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left">
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"></FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>11</SUP></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP></SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">The terms &#147;immediate family member&#148; and &#147;control&#148; shall be interpreted in
accordance with the federal securities laws. </FONT></TD></TR></TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(5)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">The candidate may not be an executive officer or director (or person performing similar functions) of the nominating stockholder or any member of the nominating stockholder group,
or of an affiliate of such stockholder or any such member; </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(6)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">The candidate may not control the nominating stockholder or any member of the nominating stockholder group (or, in the case of a stockholder or member that is a fund, an interested
person of such stockholder or member as defined by Section 2(a)(19) of the Investment Company Act of 1940, as amended); and </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(7)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">A stockholder or stockholder group may not submit for consideration a candidate who has previously been considered by the Committee. </FONT></TD></TR></TABLE> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">B. In order for the Committee to consider a stockholder submission for an
independent director, the following requirements must be satisfied regarding the stockholder or stockholder group submitting the candidate: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">The Committee only will consider stockholder submissions that are received during the period from August 1 through September 30 of the year prior to the meeting of stockholders at
which the director is to be elected (&#147;Stockholders&#146; Meeting&#148;); </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(2)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Any stockholder or stockholder group submitting a proposed candidate must beneficially own, either individually or in the aggregate, more than 5% of the Fund&#146;s shares of common
stock. The shares used for purposes of calculating this ownership must have been held continuously for at least two years as of the date of the submission of the candidate. In addition, such securities must continue to be held through the date of
the Stockholders&#146; Meeting. The nominating stockholder or stockholder group must also bear the economic risk of the investment; and </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(3)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">The nominating stockholder or each member of the nominating stockholder group must meet the requirements set out in Rule 13d-1(b) or (c) of the Securities Exchange Act of 1934 to
file on Schedule 13G. The nominating stockholder or the nominating stockholder group must have reported its beneficial ownership on Schedule 13G or Schedule 13D, before or on the date of the stockholder submission; </FONT></TD></TR></TABLE> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">C. A stockholder or stockholder group submitting to the Committee a proposed
candidate for independent director must substantiate compliance with the above requirements at the time of such submission. Any submission must be directed to the attention of the Fund&#146;s Secretary, who will forward such submission to the
Committee. This submission must include: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Contact information for the nominating stockholder or stockholder group; </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(2)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">A copy of the Schedule 13G or Schedule 13D filed with the Securities and Exchange Commission by the nominating stockholder or the nominating stockholder group;
</FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(3)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">A certification from the nominating stockholder or stockholder group providing that the shares have been held continuously for at least two years as of the date of the submission of
the candidate, and will continue to be held through the date of the Stockholders&#146; Meeting; </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(4)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">The candidate&#146;s contact information and the number of applicable Fund shares owned by the candidate; </FONT></TD></TR></TABLE> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(5)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">All information regarding the candidate that would be required to be disclosed in solicitations of proxies for elections of directors required by Regulation 14A under the Securities
Exchange Act of 1934, as amended; </FONT></TD></TR></TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(6)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">A notarized letter executed by the candidate, stating his or her intention to serve as a candidate and consent to be named in the Fund&#146;s proxy statement and form of proxy, if
so designated by the Fund&#146;s Board, and to serve as a director if so elected; </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(7)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">A representation that, to the knowledge of the nominating stockholder or stockholder group, the nominee&#146;s candidacy or, if elected, board membership, would not violate
controlling state law or federal law or rules of a national securities exchange or national securities association applicable to the Fund; and </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(8)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">A statement as to whether or not, during the past ten years, the nominating stockholder or any member of the nominating stockholder group, has been convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors) and, if so, the dates, the nature of the conviction, the name or other disposition of the case; and whether the individual has been involved in any other legal proceedings during the
last five years, as specified in Item 401(f) of Regulation S-K. When the nominating stockholder or any member of the nominating stockholder group is a general or limited partnership, syndicate or other group, the foregoing information must be
provided with respect to (i) each partner of the general partnership; (ii) each partner who is, or functions as, a general partner of the limited partnership; (iii) each member of the syndicate or group; and (iv) each person controlling the partner
or member. If the nominating stockholder or any member of the nominating stockholder group is a corporation or if a person referred to in (i)-(iv) of the preceding sentence is a corporation, the foregoing information must be provided with respect to
(a) each executive officer and director of the corporation; (b) each person controlling the corporation; and (c) each executive officer and director of any corporation or other person ultimately in control of the corporation.
</FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">D. It shall be in the Committee&#146;s sole
discretion whether to seek corrections of a deficient submission or to exclude a candidate from consideration. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2"><B>2.</B></FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>Interested Director Candidates </B></FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">A. In order for the Committee to consider a stockholder submission for an interested director, that is, a candidate who is an interested person of the
Fund as defined by Section 2(a)(19) of the Investment Company Act of 1940, as amended, the following requirements must be satisfied regarding the candidate: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">The candidate must satisfy all qualifications provided herein for an interested director, in the Fund&#146;s organizational documents, and in the Fund&#146;s Nominating and
Corporate Governance Committee Charter; </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(2)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">The Committee only will consider stockholder submissions that are received during the period from August 1 through September 30 of the year prior to the Stockholders&#146; Meeting;
and </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(3)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Any stockholder or stockholder group submitting a proposed candidate must beneficially own, either individually or in the aggregate, more than 5% of the Fund&#146;s shares of common
stock. The shares used for purposes of calculating this ownership must have been held continuously for at least two years as of the date of the submission of the candidate. In addition, such securities must continue to be held through the date of
the Stockholders&#146; Meeting. The nominating stockholder or stockholder group must also bear the economic risk of the investment. </FONT></TD></TR></TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">B. A stockholder or stockholder group submitting to the Committee a proposed candidate for interested
director must substantiate compliance with the requirements of paragraph A above at the time of such submission. Any submission must be directed to the attention of the Fund&#146;s Secretary, who will forward such submission to the Committee. This
submission must include: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(1)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Contact information for the nominating stockholder or stockholder group; </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(2)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">A certification from the nominating stockholder or stockholder group providing that the shares have been held continuously for at least two years as of the date of the submission of
the candidate, and will continue to be held through the date of the Stockholders&#146; Meeting; </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(3)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">The candidate&#146;s contact information and the number of applicable Fund shares owned by the candidate; </FONT></TD></TR></TABLE> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(4)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">All information regarding the candidate that would be required to be disclosed in solicitations of proxies for elections of directors required by Regulation 14A under the Securities
Act of 1934, as amended; </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(5)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">A notarized letter executed by the candidate, stating his or her intention to serve as a candidate and consent to be named in the Fund&#146;s proxy statement and form of proxy, if
so designated by the Fund&#146;s Board, and to serve as a director if so elected; </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(6)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">A representation that, to the knowledge of the nominating stockholder or stockholder group, the nominee&#146;s candidacy or, if elected, board membership, would not violate
controlling state law or federal law or rules of a national securities exchange or national securities association applicable to the Fund; </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(7)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">A statement as to whether or not, during the past ten years, the nominating stockholder or any member of the nominating stockholder group, has been convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors) and, if so, the dates, the nature of the conviction, the name or other disposition of the case; and whether the individual has been involved in any other legal proceedings during the
last five years, as specified in Item 401(f) of Regulation S-K. When the nominating stockholder or any member of the nominating stockholder group is a general or limited partnership, syndicate or other group, the foregoing information must be
provided with respect to (i) each partner of the general partnership; (ii) each partner who is, or functions as, a general partner of the limited partnership; (iii) each member of the syndicate or group; and (iv) each person controlling the partner
or member. If the nominating stockholder or any member of the nominating stockholder group is a corporation or if a person referred to in (i)-(iv) of the preceding sentence is a corporation, the foregoing information must be provided with respect to
(a) each executive officer and director of the corporation; (b) each person controlling the corporation; and (c) each executive officer and director of any corporation or other person ultimately in control of the corporation.
</FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%"><FONT FACE="Times New Roman" SIZE="2">C.<B> </B>It shall be in the Committee&#146;s
sole discretion whether to seek corrections of a deficient submission or to exclude a candidate from consideration. </FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Item 11- Controls and Procedures </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(a)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">It is the conclusion of the Registrant&#146;s principal executive officer and principal financial officer that the effectiveness of the Registrant&#146;s current disclosure controls
and procedures (such disclosure controls and procedures having been evaluated within 90 days of the date of this filing) provide reasonable assurance that the information required to be disclosed by the Registrant has been recorded, processed,
summarized and reported within the time period specified in the Commission&#146;s rules and forms and that the information required to be disclosed by the Registrant has been accumulated and communicated to the Registrant&#146;s principal executive
officer and principal financial officer in order to allow timely decisions regarding required disclosure. </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(b)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">There have been no changes in the Registrant&#146;s internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report
that has materially affected, or is reasonably likely to materially affect, the Registrant&#146;s internal control over financial reporting. </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Item 12 - Exhibits </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="92%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="4%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="95%"></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">(a)(1)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Code of Ethics pursuant to Item 2(f) of this Form N-CSR</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">(a)(2)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Certifications pursuant to Rule 30a-2(a) under the Investment Company Act of 1940, as amended, are filed as Exhibit 99.CERT</FONT></TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top" NOWRAP> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">(b)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">Certifications pursuant to Rule 30a-2(b) under the Investment Company Act of 1940, as amended, are filed as Exhibit 99.906CERT</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2"><U>SIGNATURES</U> </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused
this report to be signed on its behalf by the undersigned, thereunto duly authorized. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0">

<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="91%"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Aberdeen Australia Equity Fund, Inc.</FONT></P></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">By:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>/s/ Martin Gilbert</I></FONT></P><HR WIDTH="77%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left"></TD></TR>
<TR>
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Martin Gilbert,</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">President of</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Aberdeen Australia Equity Fund, Inc.</FONT></P></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Date: December 24, 2004 </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment
Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0">

<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="91%"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">By:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>/s/ Martin Gilbert</I></FONT></P><HR WIDTH="77%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left"></TD></TR>
<TR>
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Martin Gilbert,</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">President of</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Aberdeen Australia Equity Fund, Inc.</FONT></P></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Date: December 24, 2004 </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0">

<TR>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="91%"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">By:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>/s/ Christian Pittard</I></FONT></P><HR WIDTH="77%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left"></TD></TR>
<TR>
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Christian Pittard,</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Treasurer of</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Aberdeen Australia Equity Fund, Inc.</FONT></P></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Date: December 24, 2004 </FONT></P>
</BODY></HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99. CODE ETH
<SEQUENCE>2
<FILENAME>dex99codeeth.htm
<DESCRIPTION>CODE OF ETHICS
<TEXT>
<HTML><HEAD>
<TITLE>Code of Ethics</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>DECEMBER 2004 </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>ABERDEEN AUSTRALIA EQUITY FUND, INC. </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="2"><B>ABERDEEN ASIA-PACIFIC INCOME FUND, INC. </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>ABERDEEN GLOBAL INCOME FUND, INC. </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>(&#147;FUNDS&#148;) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>CODE OF ETHICS FOR PRINCIPAL EXECUTIVE AND FINANCIAL OFFICERS </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="2"><B>PURSUANT TO THE SARBANES-OXLEY ACT OF 2002 </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman"
SIZE="2"><B>I. <U>Introduction and Application</U> </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">In accordance with the
Sarbanes-Oxley Act of 2002 (&#147;Sarbanes-Oxley&#148;) and the rules promulgated thereunder by the Securities and Exchange Commission, each of the Funds is required to publicly disclose on Form N-CSR whether it has adopted a code of ethics (as
defined in Item 2(b) of Form N-CSR) applicable to its principal executive officer and principal financial officer (each a &#147;Covered Officer&#148;). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Recognizing the importance of high ethical standards in the conduct of the Funds&#146; business, each Fund&#146;s Board of Directors (&#147;Board&#148;), including a
majority of its Independent Directors (as defined below), has adopted this Code of Ethics (&#147;Code&#148;). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">All recipients of the Code are directed to read it carefully, retain it for future reference, and abide by the rules and policies set forth herein. Any questions concerning the applicability or interpretation of such
rules and policies, and compliance therewith, should be directed to the Funds&#146; Chief Compliance Officer (&#147;CCO&#148;) or to Fund counsel. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>II. <U>Purpose</U> </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">The Code is designed to deter wrongdoing and to promote, with respect to each Fund: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(A) honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between personal and professional
relationships; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(B) full, fair, accurate, timely and
understandable disclosure in reports and documents the Fund files with, or submits to, the SEC or in other public communications made by the Fund; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(C) compliance with applicable governmental laws, rules and regulations; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(D) prompt internal reporting of violations of this Code to an appropriate person or persons identified in the Code; and
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(E) accountability for adherence to the Code. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>III. <U>Definitions</U> </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(A) &#147;<I>Covered Officer</I>&#148; with respect to a Fund means the principal executive officer of the Fund and senior
financial officers of the Fund, including the principal financial officer, controller or principal accounting officer, or persons performing similar functions, regardless of whether these persons are employed by the Fund or a third party. The
Covered Officers are listed on Appendix A. </FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(B) &#147;<I>Executive Officer</I>&#148; of a Fund has the same meaning as set forth in Rule 3b-7 under
the Securities Exchange Act of 1934, as amended. Subject to any changes in that rule, the term &#147;executive officer,&#148; when used in the Code, means the president, any vice president, any officer who performs a policy making function, or any
other person who performs similar policy making functions for a Fund. Each Fund&#146;s Executive Officers who are not also Covered Officers are listed on Appendix A. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(C) &#147;<I>Independent Director</I>&#148; means a Director of a Fund who is not an &#147;interested person&#148; of that
Fund within the meaning of Section 2(a)(19) of the 1940 Act. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">(D) &#147;<I>Waiver</I>&#148; means the approval by a Fund&#146;s CCO of a material departure from a provision of the Code. &#147;<I>Waiver&#148; </I>includes an &#147;<I>Implicit Waiver,&#148; </I>which is a Fund&#146;s failure to take
action within a reasonable period of time regarding a material departure from a provision of this Code that has been made known to an Executive Officer of the Fund. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>IV. <U>Honest and Ethical Conduct</U> </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(A) <U>General Objectives</U>. Each Covered Officer should adhere to a high standard of business ethics and should be sensitive to, and try to avoid, any
situations that may present, or appear to present, a conflict of interest. A Fund&#146;s Covered Officers are expected to place the interests of the Fund above the Covered Officer&#146;s own personal interests. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(B) <U>Conflicts of Interests</U>. A &#147;conflict of interest&#148; exists
where the interests or benefits of a Fund&#146;s Covered Officer conflict with the interests or benefits of the Fund. The following list of examples of specific types of conflicts of interest that may arise is not intended to be comprehensive and
each Covered Officer is expected to treat even an appearance of impropriety as a potential conflict of interest that should be avoided or brought to the attention of the CCO. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(1) <U>Personal Business Transactions</U>. A Fund&#146;s Covered Officer may not cause the Fund to engage in any business
transaction with his or her family members or relatives or utilize the Covered Officer&#146;s relationship with the Fund to cause any third party to engage in any business transaction with his or her family members or relatives. This provision is
not intended, however, to restrict Covered Officers and their family members or relatives from purchasing or selling shares of the Fund as long as such transactions are conducted in accordance with the Fund&#146;s Code of Ethics. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(2) <U>Use of Nonpublic or Confidential Information</U>. A Fund&#146;s
Covered Officer may not use, or disclose to a third party, non-public or confidential information about the Fund or its activities or those of any of the Fund&#146;s service providers for the purpose of personal gain by the Covered Officer or his or
her family members or relatives (including, but not limited to, securities transactions based on such information). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(3) <U>Outside Employment or Activities</U>. A Fund&#146;s Covered Officer may not engage in any outside employment or activity that interferes with his
or her duties and </FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">responsibilities with respect to the Fund or is otherwise in conflict with or prejudicial to the Fund. A Covered Officer
must disclose to the CCO any outside employment or activity that may constitute, or appear to constitute, a conflict of interest and obtain the CCO&#146;s approval before engaging in such employment or activity. Any such employment or activity is
permissible only if it would not be inconsistent with the best interests of the Fund and its stockholders. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(4) <U>Gifts</U>. A Fund&#146;s Covered Officer may not accept any gift, entertainment, favor, or loan from any person or entity that does or seeks to do
business with the Fund which goes beyond the courtesies generally associated with accepted business practice. Non-cash gifts of a <I>de minimis </I>nature are considered to be within accepted business practices. Cash gifts of any amount are strictly
prohibited. Entertainment (in the form of meals, tickets to events or otherwise) must be reasonable in cost, appropriate as to time and place, and not so frequent as to raise any question of impropriety. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(5) <U>Corporate Opportunities</U>. A Fund&#146;s Covered Officer may not
exploit, for his or her own personal gain or the personal gain of family members or relatives, opportunities that are discovered through the use of Fund property, information, or the Covered Officer&#146;s position unless the opportunity is fully
disclosed, in writing, to the Fund&#146;s Board and the Board declines to pursue such opportunity on behalf of the Fund. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(6) <U>Other Situations</U>. Because other conflicts of interest may arise, it is not practical to list in the Code all possible situations that could
result in a conflict of interest. If a proposed transaction, interest, personal activity, or investment raises any questions, concerns or doubts, a Covered Officer should consult with the Fund&#146;s CCO or Fund counsel before engaging in the
transaction, making the investment or pursuing the interest or activity. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Each
Covered Officer should handle actual or apparent conflicts of interest in an ethical manner. In the event that a Fund&#146;s Covered Officer intends to engage in a transaction, activity or relationship that the Covered Officer reasonably believes
that the Fund&#146;s Board would view as giving rise to a material conflict of interest, the Covered Officer must (i) avoid (or cease) such transaction, activity or relationship; or (ii) consult with the CCO and provide an accurate description of
the transaction, activity or relationship. Upon such consultation, the CCO (in consultation with Fund counsel if the CCO deems appropriate) shall conduct a review to determine (i) whether engaging in such transaction, activity or relationship
reasonably could be expected to give rise to a conflict of interest, and (ii) the appropriate resolution of any such conflict. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Based on its review, the CCO may provide instructions to the Covered Officer to resolve any potential conflict of interest. The Covered Officer shall either (i) comply
with such instructions; or (ii) request a review of the instructions by the Fund&#146;s president, a vice president or the Board (provided that the review is not undertaken by a person involved in the matter giving rise to the possible conflict of
interest), any determination following such review being conclusive (provided that the Board may act in its discretion in any event). The records of any consultation with the CCO in this regard, and of any review by the Fund&#146;s president, a vice
president or the Board shall be retained in the manner set forth below in Section IX of the Code. </FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>V. <U>Full, Fair, Accurate, Timely and Understandable Disclosure</U> </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(A) <U>General Policy</U>. The Code is intended to promote full, fair,
accurate, timely and understandable disclosure in reports and other documents filed by each Fund with the SEC or made in other public communications by the Funds. Accordingly, the Covered Officers of a Fund are expected to consider it central to
their roles as officers of the Fund to ensure that full, fair, accurate, timely and understandable disclosure is made in the Fund&#146;s reports and other documents filed with the SEC and in other public communications by the Fund. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(B) <U>Responsibilities</U>. Each Covered Officer of a Fund shall:
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(1) be familiar with the disclosure requirements generally
applicable to the Fund; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(2) not knowingly misrepresent, or
cause others to misrepresent, facts about the Fund to others, whether within or outside the Fund, including the Fund&#146;s directors and auditors, governmental regulators and self-regulatory organizations; </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(3) to the extent appropriate within his or her area of responsibility;
consult with other officers and employees of the Fund, the Fund&#146;s investment adviser and other Fund service providers with the goal of promoting full, fair, accurate, timely and understandable disclosure in the reports and documents that the
Fund files with, or submits to, the SEC and in other public communications made by the Fund; and </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(4) promote compliance with the standards and restrictions imposed by applicable laws, rules and regulations. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>VI. <U>Accountability and Reporting under this Code</U> </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(A) <U>Certifications and Accountability</U>. Each Covered Officer of a Fund
shall: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(1) upon adoption of the Code (or thereafter as
applicable upon becoming a Covered Officer), affirm in writing in accordance with Appendix B hereto that the Covered Officer has received, read, and understands the Code; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(2) annually thereafter affirm in the form of Appendix B hereto that the Covered Officer has complied with the requirements
of the Code; and </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(3) not retaliate against any other Covered
Officer or employee of the Fund or its affiliated persons for reports of potential violations that are made in good faith. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(B) <U>Reporting of Violations of Applicable Laws and Regulations</U>. A Fund&#146;s Covered Officer, upon learning of a violation of any applicable law,
rule or regulation by a Fund or a person acting with or on behalf of the Fund, must report such violation to the CCO and assist with the resolution of such violation. A Covered Officer should seek guidance whenever he or she is in doubt as to the
applicability of any law, rule, or regulation with respect to the contemplated course of action. <B>If a Covered Officer is unsure of what to do in any situation, he or she should seek guidance before acting.</B> </FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B></B>(C) <U>Reporting of Violations of the Code</U>. Each Covered Officer must promptly notify the CCO
if he or she knows of any actual or potential departure from the Code, whether the violation or potential violation was committed by the Covered Officer personally or by another Covered Officer. Each Executive Officer must promptly notify the CCO if
any actual or potential departure from the Code by a Covered Officer is known to the Executive Officer. In either case, failure to do so is itself a violation of the Code. If no written report is made by a Covered Officer or Executive Officer, the
CCO must document his or her receipt of any oral report of a suspected material violation of the Code received. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(D) <U>Action by Chief Compliance Officer</U>. Upon receiving a report from a Fund&#146;s Covered Officer or an Executive Officer, the Fund&#146;s CCO
must conduct an internal investigation into the potential violation(s) of the Code, consulting with Fund counsel as necessary, to determine whether a violation of the Code has occurred and whether such violation has had or may have a material
adverse impact upon the Fund. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(1) If, after such
investigation, the CCO determines that no violation has occurred, the CCO is not required to take any further action. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(2) If, after such investigation, the CCO, after consultation with Fund counsel, concludes that there has been a violation of the Code, but the violation
has not caused a material adverse impact on the Fund, the CCO, upon consultation with Fund counsel, shall determine what sanctions, if any, may be appropriate. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(3) If, after such investigation, the CCO, after consultation with Fund counsel, concludes that there has been a violation of the Code, and that such
violation has had or may have a material adverse effect on the Fund, the CCO shall report the violation and together with proposed sanctions to the Audit Committee. The Audit Committee shall be entitled to consult with independent legal counsel to
determine whether the violation actually has had a material adverse impact upon the Fund and to formulate appropriate actions or sanctions that the Audit Committee, in its business judgment, determines to be necessary or advisable. The Audit
Committee shall have the discretion, in its business judgment, to impose sanctions on the Covered Officer if it deems such action to be necessary or appropriate. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(E) <U>Periodic Reports to the Board</U>. The CCO of each Fund shall report to the Board at each regularly scheduled Board
meeting any and all violations of the Code (whether or not they caused a material adverse impact on the Fund), any Waivers, and any sanctions imposed since the last Board meeting, if any. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(F) <U>Waivers</U>. Notwithstanding the foregoing, the CCO shall be entitled to grant a Waiver of one or more provisions of
this Code as set forth in Section VII of the Code. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>VII. <U>Waivers of
Provisions of the Code</U> </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(A) <U>Waivers</U>. A
Fund&#146;s Covered Officer may seek, and the Fund&#146;s CCO may grant, Waivers from a provision of the Code in circumstances that would otherwise constitute a violation of the Code. Waivers will only be granted under extraordinary or special
circumstances. No Waivers will be granted where such a Waiver would result in a violation of SEC rules or other applicable laws. The procedure for obtaining and granting a Waiver are as follows: </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(1) The Covered Officer must submit to the CCO a written request for a
Waiver describing the transaction, activity or relationship for which the Covered Officer seeks a Waiver that briefly explains the reason for engaging in the transaction, activity or relationship. </FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(2) The determination with respect to the Waiver must be made by the CCO, in consultation with Fund
counsel. If the CCO and Fund counsel determine that a Waiver is appropriate, the decision must be submitted to the Board for ratification. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:8%"><FONT FACE="Times New Roman" SIZE="2">(3) The CCO must document all Waiver determinations. The documentation must remain in the records of the Fund for a period of not less than six years
following the end of the fiscal year in which the Waiver occurred. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2">(B) <U>Public Reporting of Waivers, Amendments to Code</U>. To the extent required by applicable law, Waivers and amendments to the Code will be publicly disclosed on a timely basis. A Fund may document Waivers and Code amendments in its
Form N-CSR submitted subsequent to the date of the Waiver or post the Waiver and amendment on its website within five business days following the date of the Waiver provided that it discloses in its Form N-CSR its intent to post Waivers and
amendments on the Fund&#146;s website and maintains the posting for a period of at least twelve months. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2"><B>VIII. <U>Sanctions</U> </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">The matters
covered in the Code are of the utmost importance to the Funds and their stockholders and are essential to each Fund&#146;s ability to conduct its business in accordance with its stated values. Each Covered Officer and each Executive Officer is
expected to adhere to these rules (to the extent applicable) in carrying out his or her duties for the Funds. The conduct of each Covered Officer and each Executive Officer can reinforce an ethical atmosphere and positively influence the conduct of
all officers, employees and agents of the Funds. A Fund will, if appropriate, take action against any Covered Officer whose actions are found to violate the Code. Appropriate sanctions for violations of the Code will depend on the materiality of the
violation to the Fund. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Sanctions may include, among other things, a
requirement that the violator undergo training related to the violation, a letter or sanction or written censure by the Board, the imposition of a monetary penalty, suspension of the violator as an officer of a Fund or termination of the employment
of the violator. If a Fund has suffered a loss because of violations of the Code, the Fund may pursue remedies against the individuals or entities responsible. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>IX. <U>Records; Confidentiality; Amendments; Disclosure</U> </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(A) <U>Records</U>. The CCO must maintain a copy of the Code, any amendments hereto, and any reports or other records created in relation to Waivers of
the provisions of the Code (including violations of the Code and implicit Waivers) for a period of six years from the end of the fiscal year in which such document was created. </FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(B) <U>Confidentiality</U>. All reports and records prepared and maintained pursuant to the Code are
considered confidential and shall be maintained and protected accordingly. Except as otherwise required by law or the Code, such matters shall not be disclosed to anyone other than the Board(s) of the affected Fund(s) and Fund counsel. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">(C) <U>Amendments</U>. A Fund&#146;s Covered Officer, Executive Officer or
CCO may recommend amendments to the Code for the consideration and approval of the Board. The Board may amend the Code in its discretion. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>X. <U>Other Policies and Procedures</U> </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">The Code shall be the sole code of ethics adopted by the Funds for the purposes of Section 406 of Sarbanes-Oxley and the rules and forms applicable to the Funds
thereunder. To the extent that other policies or procedures of the Funds or the Funds&#146; investment manager or investment adviser govern or purport to govern the activities and behavior of the Covered Officers, they are superceded by the Code to
the extent that they overlap or conflict with the Code. The requirements of the code of ethics adopted by the Funds and by its investment manager and investment adviser pursuant to Rule 17j-1 under the 1940 Act are separate requirements applying to
the Covered Officers and others and are not part of this Code. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>XI.
<U>Internal Use</U> </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">The Code is intended solely for the internal use of
the Funds. The Code does not constitute an admission by or on behalf of the Funds as to any fact, circumstance or legal conclusion. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Dated: December 9, 2004 </FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>APPENDIX A </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>ABERDEEN AUSTRALIA EQUITY FUND, INC. (&#147;IAF&#148;) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="2"><B>ABERDEEN ASIA-PACIFIC INCOME FUND, INC.(&#147;FAX&#148;) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>ABERDEEN GLOBAL INCOME FUND, INC.
(&#147;FCO&#148;) </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>CODE OF ETHICS </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>PURSUANT TO THE SARBANES-OXLEY ACT OF 2002 </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B><U>Covered Officers</U> </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="Times New Roman" SIZE="2">Martin Gilbert, President (IAF, FAX, FCO) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Christian Pittard, Treasurer (IAF, FAX, FCO); Principal Financial Officer (IAF,
FAX, FCO) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B><U>Chief Compliance Officer</U> </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Andrew Smith (IAF, FAX, FCO) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B><U>Executive Officers</U> </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Bev Hendry, Vice President (IAF) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Steve Robinson, Vice President (IAF)
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Alison Briggs, Vice President (FAX, FCO) </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>APPENDIX B </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>ABERDEEN AUSTRALIA EQUITY FUND, INC. </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman"
SIZE="2"><B>ABERDEEN ASIA-PACIFIC INCOME FUND, INC. </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>ABERDEEN GLOBAL INCOME FUND, INC. </B></FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>CODE OF ETHICS </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>PURSUANT TO THE SARBANES-OXLEY ACT OF 2002 </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"
ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>Initial and Annual Certification of Compliance </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P><HR WIDTH="33%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Name (please print) </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">This is to certify that I have received a copy of the Code of Ethics Pursuant to the
Sarbanes-Oxley Act of 2002 (&#147;Code&#148;) for Aberdeen Australia Equity Fund, Inc., Aberdeen Asia-Pacific Income Fund, Inc. and Aberdeen Global Income Fund, Inc. and that I have read and understand the Code. Moreover, I agree to promptly report
to the Chief Compliance Officer any violation or possible violation of this Code of which I become aware. I understand that violation of the Code will be grounds for disciplinary action or dismissal. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>Check one: </I></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Initial </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">[&nbsp;&nbsp;&nbsp;&nbsp;] I further certify that I am subject to the Code and will comply with each of the Code&#146;s provisions to which I am subject. </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><B>Annual </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">[&nbsp;&nbsp;&nbsp;&nbsp;] I further certify that I have complied with and will continue to comply with each of the provisions of the Code
to which I am subject. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0">

<TR>
<TD WIDTH="25%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="74%"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"><HR SIZE="1" NOSHADE COLOR="#000000"> <P STYLE="margin-top:0px;margin-bottom:1px; margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Signature</FONT></P></TD></TR>
<TR>
<TD HEIGHT="16" COLSPAN="3"></TD></TR>
<TR>
<TD VALIGN="top" COLSPAN="3"><HR SIZE="1" NOSHADE COLOR="#000000"> <P STYLE="margin-top:0px;margin-bottom:1px; margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Date</FONT></P></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Received by:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><HR SIZE="1" NOSHADE COLOR="#000000"></TD></TR>
<TR>
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Name:</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Title:</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Date:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><HR SIZE="1" NOSHADE COLOR="#000000" ALIGN="right"></TD></TR>
</TABLE>
</BODY></HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.CERT
<SEQUENCE>3
<FILENAME>dex99cert.htm
<DESCRIPTION>SECTION 302 CERTIFICATION
<TEXT>
<HTML><HEAD>
<TITLE>Section 302 Certification</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>Section 302 Certification </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">I, Martin Gilbert, certify that: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">1. I have reviewed this report on Form N-CSR of Aberdeen Australia Equity Fund, Inc.; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to
make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material
respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">4. The registrant&#146;s other certifying officer(s) and I are responsible
for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of
1940) for the registrant and have: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(a)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information
relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; </FONT></TD></TR></TABLE> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(b)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">[Reserved]; </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(c)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Evaluated the effectiveness of the registrant&#146;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure
controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(d)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Disclosed in this report any change in the registrant&#146;s internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this
report that has materially affected, or is reasonably likely to materially affect, the registrant&#146;s internal control over financial reporting; and </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">5. The registrant&#146;s other certifying officer(s) and I have disclosed to the registrant&#146;s auditors and the audit committee of the
registrant&#146;s board of directors (or persons performing the equivalent functions): </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(a)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the
registrant&#146;s ability to record, process, summarize, and report financial information; and </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(b)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant&#146;s internal control over financial reporting.
</FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0">

<TR>
<TD WIDTH="100%"></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Date:&nbsp;&nbsp;&nbsp;&nbsp;December 24, 2004</FONT></P></TD></TR>
<TR>
<TD HEIGHT="16"></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>/s/ Martin Gilbert</I></FONT></P><HR WIDTH="72%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left"></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Martin Gilbert</FONT></P></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">President</FONT></P></TD></TR>
</TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>Section 302 Certification </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">I, Christian Pittard, certify that: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">1. I have reviewed this report on Form N-CSR of Aberdeen Australia Equity Fund, Inc.; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to
make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material
respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">4. The registrant&#146;s other certifying officer(s) and I are responsible
for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of
1940) for the registrant and have: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(a)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information
relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; </FONT></TD></TR></TABLE> <P
STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(b)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">[Reserved]; </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(c)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Evaluated the effectiveness of the registrant&#146;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure
controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(d)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Disclosed in this report any change in the registrant&#146;s internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this
report that has materially affected, or is reasonably likely to materially affect, the registrant&#146;s internal control over financial reporting; and </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">5. The registrant&#146;s other certifying officer(s) and I have disclosed to the registrant&#146;s auditors and the audit committee of the
registrant&#146;s board of directors (or persons performing the equivalent functions): </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(a)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the
registrant&#146;s ability to record, process, summarize, and report financial information; and </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">(b)</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant&#146;s internal control over financial reporting.
</FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0">

<TR>
<TD WIDTH="100%"></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Date: December 24, 2004</FONT></P></TD></TR>
<TR>
<TD HEIGHT="16"></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>/s/ Christian Pittard</I></FONT></P><HR WIDTH="72%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left"></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Christian Pittard</FONT></P></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Treasurer</FONT></P></TD></TR>
</TABLE>
</BODY></HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.906CT
<SEQUENCE>4
<FILENAME>dex99906ct.htm
<DESCRIPTION>SECTION 906 CERTIFICATION
<TEXT>
<HTML><HEAD>
<TITLE>Section 906 Certification</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"><B>Section 906 Certification </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">Martin Gilbert, Chief Executive Officer, and Christian Pittard, Chief Financial Officer, of Aberdeen Australia Equity Fund, Inc., a Maryland
corporation (the &#147;Registrant&#148;), each certify that: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">1.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">The Registrant&#146;s periodic report on Form N-CSR for the period ended October 31, 2004 (the &#147;Form N-CSR&#148;) fully complies with the requirements of Section 13(a) or
Section 15(d) of the Securities Exchange Act of 1934, as amended, as applicable; and </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><FONT FACE="Times New Roman" SIZE="2">2.</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT FACE="Times New Roman" SIZE="2">The information contained in the Form N-CSR fairly presents, in all material respects, the financial condition and results of operations of the Registrant. </FONT></TD></TR></TABLE>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">

<TR>
<TD WIDTH="50%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="49%"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">CHIEF EXECUTIVE OFFICER</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">CHIEF FINANCIAL OFFICER</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Aberdeen Australia Equity Fund, Inc.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Aberdeen Australia Equity Fund, Inc.</FONT></P></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>/s/ Martin Gilbert</I></FONT></P><HR WIDTH="57%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2"><I>/s/ Christian Pittard</I></FONT></P><HR WIDTH="57%" SIZE="1" NOSHADE COLOR="#000000" ALIGN="left"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Martin Gilbert</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Christian Pittard</FONT></P></TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Date: December 24, 2004</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="Times New Roman" SIZE="2">Date: December 24, 2004</FONT></P></TD></TR>
</TABLE>
</BODY></HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>g55393g13p66.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g55393g13p66.jpg
M_]C_X``02D9)1@`!`@$`8`!@``#_[0@$4&AO=&]S:&]P(#,N,``X0DE-`^T`
M`````!``8`````$``0!@`````0`!.$))300-```````$````'CA"24T$&0``
M````!````!XX0DE-`_,```````D```````````$`.$))300*```````!```X
M0DE-)Q````````H``0`````````".$))30/U``````!(`"]F9@`!`&QF9@`&
M```````!`"]F9@`!`*&9F@`&```````!`#(````!`%H````&```````!`#4`
M```!`"T````&```````!.$))30/X``````!P``#_____________________
M________`^@`````_____________________________P/H`````/______
M______________________\#Z`````#_____________________________
M`^@``#A"24T$"```````$`````$```)````"0``````X0DE-!!X```````0`
M````.$))300:``````!M````!@``````````````$@```*P````&`&<`,0`S
M`'``-@`V`````0`````````````````````````!``````````````"L````
M$@`````````````````````````````````````````````X0DE-!!$`````
M``$!`#A"24T$%```````!`````(X0DE-!`P`````!6@````!````<`````P`
M``%0```/P```!4P`&``!_]C_X``02D9)1@`!`@$`2`!(``#_[@`.061O8F4`
M9(`````!_]L`A``,"`@("0@,"0D,$0L*"Q$5#PP,#Q48$Q,5$Q,8$0P,#`P,
M#!$,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,`0T+"PT.#1`.#A`4#@X.
M%!0.#@X.%!$,#`P,#!$1#`P,#`P,$0P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,#`S_P``1"``,`'`#`2(``A$!`Q$!_]T`!``'_\0!/P```04!`0$!`0$`
M`````````P`!`@0%!@<("0H+`0`!!0$!`0$!`0`````````!``(#!`4&!P@)
M"@L0``$$`0,"!`(%!P8(!0,,,P$``A$#!"$2,05!46$3(G&!,@84D:&Q0B,D
M%5+!8C,T<H+10P<EDE/PX?%C<S46HK*#)D235&1%PJ-T-A?25>)E\K.$P]-U
MX_-&)Y2DA;25Q-3D]*6UQ=7E]59F=H:6IK;&UN;V-T=79W>'EZ>WQ]?G]Q$`
M`@(!`@0$`P0%!@<'!@4U`0`"$0,A,1($05%A<2(3!3*!D12AL4(CP5+1\#,D
M8N%R@I)#4Q5C<S3Q)086HK*#!R8UPM)$DU2C%V1%539T9>+RLX3#TW7C\T:4
MI(6TE<34Y/2EM<75Y?569G:&EJ:VQM;F]B<W1U=G=X>7I[?'_]H`#`,!``(1
M`Q$`/P#N+J<SI!?;]JR+>FN>7O<(MMQQSMVVUW.R,#^I^MXG_=C&_H5UUCQC
M?;/VC6W$<T6-O+6>GL<)99ZV[9L=/TE?0,3[%MM^Q[-GJO\`5].-OJS^L?1]
MOJ>K_/?\-ZGJ?I=Z2FKB]3K;LJR;Z[G/,4Y-0]EOYVS8TV>GD[?\'O\`UC^>
MH_PM&./*LZ;>;'4-IOS-/9<'0=IAS7>RW9[/^"?[_P#!JWF?LSTW_;?1V0/4
M]7;Q/MG=_*^BN?N_YF?8L?[7N]'U_P!4CU=WJ;G^CZ/V'_";?_0KTOZ7^D24
MV[^M=&Q'UU=2Q[>G6&/3WL<*G/+BSTZ,BC]!99N_P;MENRS^;_G/319F"]UE
MQS+Z29;0QXK`!'^"]"RO*_-_FLSZ%C_YVS]'LDS_`)E?9AN^P>EM;N^T>GOX
M&S[3]J_3^M^_]I_3[_YS](JV%_XWGV:KT/V;Z>W]%ZGI>IM[?S_Z?;M_F_\`
M@TE,AF])9'K6]0P^).1=:UHG\UUUMKZF_P#;J%=U#HU[*WMS\JNVNQIQPS+K
M'J621755OO.)E^O[F^@[U/4_XQ7ZO^9^P>G]AV=OYO;_`.14,;_F1]K/V3]F
M?:MKY]+T-T>WUIV?];]1)34J^L%U%9S=SKL8AQN9;MK#7-G?`OL^U8-K7-?O
MHO;D8UG_`&EMHK6C_P`Z,!EM=&15D8]UH):RRN1`CW>M4;<=]?N_GJ[O1_X1
M6V?L?39]F\HV+.O_`.9GJ?IOL._U3^Y_/[7_`+O_`&LV>K_W824CZKG]1MN-
M6"7/9M8X4-%F/<'>ZUM^+G[,C`R]S&?T&ZKTKO3V6?Z)1Q?K%U!D,R::LAK;
M!5996;*K6$Z5?:,/*QZ7,==[?3L_F+?^VU6QO^86T?9)]/U/9Z7VGT_4]2O^
M;V_H/Z7Z7T/^U7_#+1Q/L>^R/M7J2S=]JV;]N\^A'VS])Z?K;O0_X3Z"2FS7
MU[%<6M>RRBQX.VNZJUCS'T@UII_2<_X/>B-Z[T<O94[-IKML<&,JL>&/+W':
MVME=NRQSW.]NS:AYOVSTW;_YB/?ZOI;8_E[_`&INC_:_UC[1ZGV?>W[-ZNS;
M$>_[/M_6/2]3_N5_Z#_JWHI*?__9.$))300A``````!5`````0$````/`$$`
M9`!O`&(`90`@`%``:`!O`'0`;P!S`&@`;P!P````$P!!`&0`;P!B`&4`(`!0
M`&@`;P!T`&\`<P!H`&\`<``@`#8`+@`P`````0`X0DE-!`8```````<`"``!
M``$!`/_N``Y!9&]B90!D0`````'_VP"$``$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$"`@("`@("`@("`@,#`P,#`P,#`P,!
M`0$!`0$!`0$!`0("`0("`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#
M`P,#`P,#`P,#`P,#`P,#`P,#`__``!$(`!(`K`,!$0`"$0$#$0'_W0`$`!;_
MQ`![```"`@(#`0``````````````"`8'!`4#"0H"`0$`````````````````
M````$``!!`(!`@,$!@4-```````$`@,%!@$'"``1$A,4(187"3%!-!4U.")B
M-Q@Y48'!,E(S8T1D538G9Q$!`````````````````````/_:``P#`0`"$0,1
M`#\`]1-Y=Y@<0MG35MGMXS6S>$$CEXN.E9W7`&R=A\8R2Y`DPQ.V2!9."V1M
M[20#)'@'L(LLJQ5]AI"9-F1&P[)#@[U6GM_&0`L[&2/'G=$5-BL2E<LM;E+O
MJ&$.C"V_.%?9;;:Y$-23#[:DY2^R:A"L9[X1T&;[R<H.SG_3FB,*PCNUWY(7
M_P`*U]\_HKSCBSG+:.V,?I=E9[Y^CZ^@P]>[DNA%K?UYO36\5J*[R!+CE!(K
MEY-V5K?944T`LTEFL7R0HNN#![O$)$)<-KY\2(9@)K!8:S1TE+%!B.@2;9''
M#1U`@I_91FKI+:68@E^:DZ]*:^K7(6Y3#4U-)<F5CF;&CYK:<T%%YDG34QX<
M^G(PH^60AU)0T(L)1J>/XF[-K;LQIE-(`!9*;@IC&KW)/44]#S&''4IA9Z$K
M1%1ME7F,NH6IL,YI@K&/;A.<9PK(;VVZY`U;3+-::.7N6=F0663&8R1WEN.Y
MX7XBQAR"L#W29V>L>.BA'5ED-`Q1A*V&%I8&?>RAM0(Q0;+S/)-C']X<G(V$
MUZ_(&M,;3X^:\UV13RQ""36(!Q^:O>O-R">G;8;&3+_>ZZ@9'R3ZV1V)`5KU
M2@:J/T_MZS8=F*7\PG<,S$K<6TC`]"X>66+9=1G&%M)-A./T<\I2,ISC*5/Y
M5COGO]78-TQI'D@,[YCW-B]%L)[)PV7I?02%*[Y[8RZ\)1@\9<SWQV\*48[_
M`%?5T%>[IXK<EMKUA,#!\_-JZQ.&EH*>`FJ=K'5\<4Q)UZ4$EPD%O1(,)+2,
M(80)Y)\<X;Z.0#<<'?0MM:L9"*S^P.4>LJC1X&^[#K[MSB!X\.+WTQK^-F=%
M;MDW89D8D?:5(K)`=UUL=/'BN$@>[Q["0#3V&F6YT84M+P6GK'FE2)[[M@MQ
M1X6D[P<^D$=)UF%M6K+*=G.,X11=NCQT+#RN5,NLKR%+AP,XPI]+;\>R[A2$
M@YR%H=0AQM:7&W$I6VXA6%H6A>,*2M"DYRE25)SWQG'LSCH(Y<Y>6@*G8YN!
MK\K:IN+A9$Z)K<&U$$2\U(CC.."1\>//6*I0SY)#^$I2@F4`:7]&7V^_BP'3
MI=?F!7HFQ44-Z/W5Q,Y%@UJ5?FN-6]..EYVKI'<4>(2X.7+5?8NEJU9;<P[%
M$JP^%-0QW<40A*9N!<7A"10O"@_-8T&:V['[NA;SH.R!`J/-39*=>)JHOLYE
MB(QE418AJ?'S!"5,,>K=69$`M#C94I:^S;F4@\]4W?K:]PX=AI4O,6V`D&&R
M@)RNTN\3$.<.ZGQ-O!R8%<?");6GVXRA:L=!-6;7%OI\2!;(G'?..SU-N`ZO
M9^H_!-K[>WZ>W;/02%MQ+K:'$X7A+B$K3AQMQES&%8PK&%M.I0ZTO&,^U*DX
M5C/LSC&>@^^@_]#WUOL,%,/"E,M$C$M.,$#OMH>8?8>1EMYEYES"FW6G6U92
MI*L9PK&>V?9T"*KT%M+CC:)>]\5CQ[)K*6>=E;GQ"LYK,9!DG.KR])3W'V]G
M%-A:QN!>/$Y]R2K;E7F2E8:=*A,+5(L@WER"NL]39`2A6*.U]<SQ`U1,]9:J
MB\A0#^2!GS$2-8!M%<9EGO1I=8QAN4;;;>5AS"G4H\"P6:S:3Y`6RL%U:[[;
M@=A"&^4ZH@*`@=4$QT@&\T5&S<`2S2=HR<%/1!K22`C1RDE!$(0ZTXEQ*58!
M1]VW+FEQ^I;KMWEF[9$AGB>#=F-IP]:J,-5'S"\R2]F!`:1HT56)ZL1;3:UR
MTA-5^N236'%I-&D5"Q)@4SLS>7-[5?NA(0&H[QO>-DK#$1%U#J\)SH8G*E"2
MYPJ2;I'/UFJ2],O$##`N/N/MPTD2:O"6?2,D(<<6P'//<=K)SFI4]:'>*,%5
M;(\\)6BK]L#D3SOXL[TC)FJR==NM?EH838O%%,M.1T+8@`38XU:I6)04PI"5
M*=;(:0"M#<</FD\3;-/;*VQ3-8\P]/!MP8D%7:;R-YDS&PZHC[Y$#/M=ZAAJ
M[.$7U3(1Z5E"0E5+8?&$=*\H!3.!S0>6P<<>3KI#QJ^!O!DI4C(IEI"6UYRH
MW?%V\TSTWE-R!TB?H;59DB;X&T(5Y\AW\'L[Y\/;H%UD.#F[Y^<DS\<,$:_+
MDI5F;,E:AR'JQZ#I9A#;3);Y,]>#9=3C"&>^%Y;QG/?.,I5W5W#`EN)WS+XF
M//B-;533TI!',J8)J?)>%TOMB&?9(2[YXV9>H4ZJ7;++B,MHQYD^\IK*<JPK
MO[>@JNF<5/G$0-EJ]2J>C.'VHX^40<',["1,-[9TU0F8@59$&3\,MN738VUI
MIB<(1Z5P."+@T!(6C*7<IQG*0;RF?++W54=A$;"C(OB]6TV:ODP^R]95=<R7
MHF_G'94^3+&:@OVF[M!UG+1CSJV6H!^'7EIY;3KKN,YSD-U>/EL;!F9V)F(N
MC\5X^$3;XZUVNCA4R:N$)9QV'@52E;6U<SX`@>,DQ`L#MI=,($CL9P\`*&^V
MRML$FY"_+WY7J@73>/O%^]466J\B-+5_6FON55"/H%E7">6P##UZY6RZ:DN^
MF(Z<CQFF'?,:N$:.C'8J*E6D^0L)W883FW0(9W5%[X6;XM5;M4`/5BMY:;NM
M1<V%K23-ALB(O%8$U;MS*[]'5Z?\E\X:1C:K(GAK*4/G#K3`Q86936I6:56*
MSR,X>\MYW2F<F2,]8ME34B\3JVSUH=R1J5WI=KA]ATC9$B5*R+7I,BO5AN5C
MG'4D-S+S32D%!(JJ#2=EV][6=>Y%7G;F@+$Q.O2<-RIMM]#M^GK/&,XDZVY`
M764W'K.YV>(,)2\".0D&7GX,M0I"2'F<ONC!?^L_EZ:6L\*#.;!O[A>U0).R
M,,7G2FVC1C#*D_9#CJD%89O$;'DVJ5#@W!FCG#15LD%(6YA&<KRI07`7Q4W)
M0H^6^&_(O;]R@GC'#0ZA+6ZO4ZT18>0\^:-6KD#39&I212'VDY%$E(0=#ZW/
M"_)L(3X^@U%1K>_+(:=4:;S?V'2]B00B)67U=OS0^E[9:XF)()]*B3>;K"*6
M]<*UDQ.1V9N$FCH=PA*V4E+=0MM`7A[D<U?A![K_`+PV@OC3[X^/XN_NSW#W
M2^'7I_%Z'X0_O&>;[^>L_1]?[R_=OD^WT'CZ#__1]^'0'0'0'0'0'0'0'0'0
M'0'0'0'0'0'0'0'0&?HS_3]'\_0*[N+[!)_E=_K8_;%]@_OFOQ/];^3]?P]!
MUCV[\3-_@2_:7O\`EWXG]/\`G?\`4_V^@Y^%_P"<R,_@@_LJNGY-/S>?:Z[^
2&?\`F?\`O?\`B>CZ#O3Z#__9
`
end

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>g55393g18n31.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g55393g18n31.jpg
M_]C_X``02D9)1@`!`@$`8`!@``#_[0X84&AO=&]S:&]P(#,N,``X0DE-`^T`
M`````!``8`````$``0!@`````0`!.$))300-```````$````'CA"24T$&0``
M````!````!XX0DE-`_,```````D```````````$`.$))300*```````!```X
M0DE-)Q````````H``0`````````".$))30/U``````!(`"]F9@`!`&QF9@`&
M```````!`"]F9@`!`*&9F@`&```````!`#(````!`%H````&```````!`#4`
M```!`"T````&```````!.$))30/X``````!P``#_____________________
M________`^@`````_____________________________P/H`````/______
M______________________\#Z`````#_____________________________
M`^@``#A"24T$"```````$`````$```)````"0``````X0DE-!!X```````0`
M````.$))300:``````!M````!@`````````````!%````6H````&`&<`,0`X
M`&X`,P`Q`````0`````````````````````````!``````````````%J```!
M%``````````````````````````````````````````````X0DE-!!$`````
M``$!`#A"24T$%```````!`````(X0DE-!`P`````"WL````!````<````%4`
M``%0``!OD```"U\`&``!_]C_X``02D9)1@`!`@$`2`!(``#_[@`.061O8F4`
M9(`````!_]L`A``,"`@("0@,"0D,$0L*"Q$5#PP,#Q48$Q,5$Q,8$0P,#`P,
M#!$,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,`0T+"PT.#1`.#A`4#@X.
M%!0.#@X.%!$,#`P,#!$1#`P,#`P,$0P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,#`S_P``1"`!5`'`#`2(``A$!`Q$!_]T`!``'_\0!/P```04!`0$!`0$`
M`````````P`!`@0%!@<("0H+`0`!!0$!`0$!`0`````````!``(#!`4&!P@)
M"@L0``$$`0,"!`(%!P8(!0,,,P$``A$#!"$2,05!46$3(G&!,@84D:&Q0B,D
M%5+!8C,T<H+10P<EDE/PX?%C<S46HK*#)D235&1%PJ-T-A?25>)E\K.$P]-U
MX_-&)Y2DA;25Q-3D]*6UQ=7E]59F=H:6IK;&UN;V-T=79W>'EZ>WQ]?G]Q$`
M`@(!`@0$`P0%!@<'!@4U`0`"$0,A,1($05%A<2(3!3*!D12AL4(CP5+1\#,D
M8N%R@I)#4Q5C<S3Q)086HK*#!R8UPM)$DU2C%V1%539T9>+RLX3#TW7C\T:4
MI(6TE<34Y/2EM<75Y?569G:&EJ:VQM;F]B<W1U=G=X>7I[?'_]H`#`,!``(1
M`Q$`/P#F/VMU;_RPR_\`V(N_]*)#J?5S_P!Z&9_[$W?^E5')I%%KJ7,-=M9A
MX:X/:#W@_P#F:3ZMC*[&RYMH);(@D`[?Y2?2TE(.I=6_\L,S_P!B;O\`THIC
MJ75O_+#+_P#8B[_THJ[=3&UT^$3^1$:&S!($ZZZ:'O[DX"UI*8=1ZM_W/R__
M`&(N_P#2BD.H=6_[GY?_`+$6_P#I10;7\U,5J08EIF&0S^K?]S\O_P!B+O\`
MTHG^W]5_[GY?_L1;_P"E$P8G#$\8@M]Q?[=U7_N?E_\`L1;_`.E$WV[JO_<_
M+_\`8BW_`-*)]B6Q'V@CW"M]OZK_`-S\O_V(M_\`2B8Y_5O^Y^7_`.Q%W_I1
M/L3;$#B"?<8GJ'5O^Y^7_P"Q%O\`Z443U#JO?/R__8B[_P!**9K436FG$D3?
M_]#D`Z#)[<(KK=[*6R\-J9Z;C'?<^SV1_70$\.V@ZAI.GA(1!*J"4[-KG$:@
M&&DQ&GYV[W.<C6-]0!@<'!A-8)$Q'N9']9A^C_(469UXK>QSG$N8YNX$S[AM
M5S#R*[BUA`:Y[=A!<-K7-FS#>TV#V[?TV-9[_P#M2IH\)-7OOI3%+B&M;'S:
MC'EQ<-NZ#L8"`V('?T=ONU1&7NAX@@-`+721I^=8[UR[V[5)@W=.=;PYNTM=
M&LBNMW_?_<F`K:[<UGZ/<QKVC21Z=CK/R;DX"0$3?S?;^E_WJTD$D=OL_12#
M):*Q802)((C40![O9N:BFVL$@\MC=&L`_G.</HL]WTW(=U#&5.`W%TW!@,=C
M[';_`&NWN^A]'\]-;2*\@!K_`&LWUN>TP/<6>E[V[7?1>S_,4@G..]=M5E1.
MQ+8A*$S+'.NV6PTD5`D#4%Q]%SG-_P`)^99^^IV5OJ#'.U98":[!.UX!V[F;
M@UW]E_O8K.,PGH-)?NEK993QZG6/[P8PEM3;D^X)YQ,8YD+;4VU3D):)IQ,H
MSQ/5_]'CXTW??\DC(`\#K_!:%-37^AN;N%C6L/\`6`W5_P#?JT+T&.;0R-KG
MN,._D%UK>/SO<Q2'&;`[[+1,43V:@2,>>H@JTW&;3D,:\B\.D/IKGU"TB.-=
MG]=/G5,^TVW-K=32]Q-=)]SFB![;+&CTTTQD"01MND2B18.^R!F18QKA)(<P
MUQ)`VD;3[?H]F*[1?C/'I@.]0/#V@"=P%;JVUQ^;])WN6>1J)``(D:SRFX_@
MG0R2B0>QXED\49@C;B%&G7>R]U..P$^W\Z`US!O_`$;7/EWJV-VLV6)ACY%E
MMCG'UK+'G<#8*YD$^YWZ-GJ/_P"_JA5FW5M<V=P?!=N)/'&JTL;,Q;BVM_Z+
MO98=6Z`[7'W?G;O3]JL0.*>G%*)TT)#7G[V.SPPD-=0#_5_K,[+#781E4.I+
MMIEI!W!H+@_](USG[V_SMWJ?I$:F6LL+(RJ-H]9C?8YL;JJWO_G-OZ1_J^M6
M^VC\RW]&I-8[T01#ZGL:=I]S3_.-=I^9[OW=BC=2[&(S,1[FM#G`_OU..]K:
MBZ/TE-K?YNW\_P#F[?Y9,3&C>G0A0D)#;Z(K*'UD1#F.&YCO$?1\_HN&Q_[E
MBCM=X*]^A>QIK86UO(:6B=M-W^C9+MC,?)C]%7_.>O\`\4F-!5S'FXHZ[C=H
MY.5(EZ2>$ZAHQ'9.K9H*CZ/DG\86>U(/_]+G?M%3,=C0XFW:W8&:D.;#F._L
M/")D6OSWU-%8HJQPX,JK^E-CWWN=9:[VM]]SV,_X)"Q\,:.?+1X#Z1^)_-5Y
M@:UH:T!H'`"N0Q2R$&?I`%4/F:\\@@#P^H^.RJFBFOTZP*QW+>3_`%GGWN2$
MITX;*OXX0@*B*<S+*>25R-HGX]-IA]8,=^#_`-%#=TBE^K'.8?#D*ZU@",QJ
M9DQXY;P!\=I?XR_#++':<O*[C_BN-9T7,;K66V^0.T_<]4K:[:'%ES75.(U:
M[20NM8U&96PF=H).DD`F%4GRL#\I,?\`G.ACS3_2`/X/(8^;DT$FJPC<-I[R
M/W5JT];Q[@6Y3!4Y\ASF"6%KM'#9JYNUKG>[_2+1/2L#-#G78[:W%WM?4=CH
M_-+MGZ-S_P"PJ-WU6W[C@9(>6':^F]I:0X?X/U6MV._[;40&2(])$XED(A+<
M<,DXV.L?5ZCGXUA#/481[FD-?0?I.9ZC=O\`8].Y7\8^OCLL/T]6V1V>WVO_
M`/)KEO2ZGTZR2QU0=+9,&IX!]S-X/HVMW+9Z5UW$<ZP90?CFP,=%4.#K&^Q^
MUUSOT?KM_G-__648Y^&R0=!MY+?:U`TKOYNF:1X)O0"O.JAQ;&H,(;34\%S'
M-<T$M+@01(,.;N^C[58]Q'L^#__3Q\FNS#:SUVN;:^)JVD%H,_2W0[?]'^;9
MZ?O_`)U!;G5<;7_</[UZ0?\`%M]77&769CCXG)L/'Q*8_P"+'ZKDDD9$DR?T
M[NZF',3'7\%DL4#L/Q?//ME$_GGSVE2^T_G5@.VD!S'$`DG\ULEO^<O0?_&R
M^K`[9'_;SDX_Q:?5D=LC_MYR>>:R$5Q5Y!C'+XP;X`?,EXG!;CV-(NR?2?N&
MUUC0YNT[MV]U#G;?3=MV>Q#.6ZMNY^/;W&AK=QX%EA7>#_%O]6AP,C_MYR<?
MXN?JV.!D?]O.2CS!`KB)\P"F6&!-B`'D7B1FM;L#J7RZ)(=60)&YH]ECO<I,
MR#<RL6,#6/9-K"X`#>'#9;^\W\UZ[3_QNOJYX9'_`&\Y./\`%W]7`9C(_P"W
MG(2S"0(,I:]@D0(VB-.[R`<66/-=C'LV>YQ()($Z,WFI[G.0L'J7J.MKK:0U
M[P[U&U%H=#';:]O\ZQ_\JMB[7_QO/JY,Q?\`]O.1!]0_J^&P6W.UG6UQ3"<=
M:3EX>E<)9-+B-C=2?.^K]4R<RI^'Z#**G!SS999O<2S](#-8V5V.<URSL4XS
M\QPIU:T[ZB9]^QS7_1C_`$?J[/8O5O\`F)]7]89:)_X0_P`4W_,7H?C>/A:1
M_P!2$TQQG><O\7_T-'N9@=,43XG)M_XV^>8^=D6Y&=B695C\*QUSJ;/1?980
M]SO28SZ%WI/8_P!['^^O^;_1JIMZ@WIPP"*_1:X6^QKY!(=;L<[V-_EKTS_F
M#T&9G(GQ]9R;_P`;[ZO?]V/^WG(U#_.2VK6'_H2\2E6L!])?^@O_U/54E\JI
M)*?JI)?*J22GZJ27RJDDI^JDE\JI)*?JI)?*J22GZJ27RJDDI^JDE\JI)*?_
MV0`X0DE-!"$``````%4````!`0````\`00!D`&\`8@!E`"``4`!H`&\`=`!O
M`',`:`!O`'`````3`$$`9`!O`&(`90`@`%``:`!O`'0`;P!S`&@`;P!P`"``
M-@`N`#`````!`#A"24T$!@``````!P`(``$``0$`_^X`#D%D;V)E`&1`````
M`?_;`(0``0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0("`@("`@("`@("`P,#`P,#`P,#`P$!`0$!`0$!`0$!`@(!`@(#`P,#
M`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#
M_\``$0@!%`%J`P$1``(1`0,1`?_=``0`+O_$`/`````&`P$!````````````
M```"`P0%!P$&"`D*`0``!P$!`0```````````````0(#!`4&!P@)$``!`P,"
M!`(&!@(*#`@)#0$!`@,$$04&`"$Q$A,'05%A<2(4"`GP@9&A,A6Q(\'1X4)2
M8C/4%AGQ)#0U566%%Y<8.%A4)45UE;4V2'*21,2EU59W*(*B0U-CHV2$E+0G
M-V>'$0`"`0,#`@,$!@0+!@,%!0D!`@,`$00A$@4Q!D%1$V$B%`=Q@9&A,A7P
MT4(CL<'A4F*2,U-4%@CQ@K*3)%5R0S328W-$%Z*#LW0U5L+#A)0E15<F_]H`
M#`,!``(1`Q$`/P#SM/SB/F<<?]<[O)_TG:?_`%0-3/27^;1;@!2:OG$_,Y_W
MSN\GH'YG:?\`U1IQ8D\5%-,Y\#2*_G%?,[!_VT>\B?\`*5I/UT_*#32Q#'_=
MBFV8BQ]0BDC\XWYG@K3XT>\A_P`IVG_U/I0@B_F"H[3.+@/K29^<=\SVG^VE
MWD'^4[3^G\HTKX>+^[%-G(?PD-)?UR'S/ZD?ZZ/>3C_A.T>!/^**;C2_AH;7
M],4T<F?7]Y1T?.+^9^K_`+Z7>8U_QG:-MS_BC;AI7PT/]V*;.3.3I(;4\;^<
M1\SRGM?&AWF5PH?S.T4/&O\`R1O0Z4,6#^Z%%\3D?WIIPGYPWS.ZT/QG=Y/^
MDK3Y?\T>G1C%@_NA0.5/_>FG"?G!?,ZH*_&;WE-32OYG:0?1M^4';2OA<?\`
MNA1'*R/[XT[;^<!\S4BA^,OO'4_XSM7W?\3C0^%Q_P"Z%).7D7_MC3A'S??F
M:$_[97>+;P_,K2/O_**$:4,3'_N11?%Y/]\:53\WSYF?C\9/>&OE^9VK]/Y1
MMH_A,;^Y%%\9D_WQI4?-Z^9C7_;([P^5/S.U?I-JT?P>-XPBD_&Y7]\U.$_-
MW^9@>/QC]X:>?YG:MZ>JT[5TX,'&_N11'-R!_P"<U*CYNWS+O'XR.\!_RE:J
M?]4Z6./QO[D47QV3X3']/JI3^MU^9;3_`&Q^\)]5RM7EZ+1I8X_$_N%I)SLK
M7]\:.GYNGS+2*_ZXO>`T'^$K5OY?\D:6.-Q#_P"0*2<_*_OS1_ZW/YEI_P"^
M)W?&W^$K5Z/\4^O2QQF)_AUHOC\K_$-2G];A\RRA_P#C&[P;?XRM7#?_`!1I
M8XO#UOCK2?S#+_OVI9'S;_F5'_OB=WS7SN5K%/4?RGCIU>)P_P##+23R.9_?
MM1_ZVWYE?^^'W>(_YSM=?^J0"=*_*,,?_+(?MI/YCE_XAJ43\V[YE%/]L+N\
M3PWN=J-.&_\`>C3@XC!M_P"E6]%^89E__4-1Q\V[YD]*?ZX7=X_Y1M=?NM.E
M#B>/M;X1/O\`UT/S#-U_ZAJR?FV_,H/_`'P>[PW'_*-K'&I&WY3XZ/\`*,`]
M,1*'YAF_XEJ-_6V?,H''XP.[V_"MQM?[-JT?Y1Q_^#7[_P!=#\PS/\2U&'S:
M_F4&H'Q@=WMAQ-QM?H_Q3OQT8X?C_P#!K]]%^8YG^):C#YM/S*"*CXP>[W_2
M%K/VTM)H1H_R;`/3$3[Z'YEF#_YEJQ_6T_,I&Q^,#N[_`-)6JO\`U571?DV!
M_@TH?F.9_B6K'];5\RFE?]<#N]]5RM5?L_*:Z'Y/@?X-/OH?F.;_`(EJ*?FV
M_,GH?_C`[O#RK<;6/+A6TGA71'B./M_Z-:'YAF_XEJ+_`%MWS)]C_KA=WN'^
M$;7O4C_%.B_*>/\`\(GWT?YAF_XEJ'];=\R>E/\`7"[O'T_F-KX^O\I\=#\H
MX^UOA%O]=#\PS?\`$-6/ZV[YDU/]L+N]L?&XVOP\/[TZ'Y3QW^%6A^89O^):
ML_UMWS)Q4_ZX/=ZG_.-JVIM_@G0_*./N?^D2WZ>VA^8YO^(:B'YMWS)^8_\`
MQA=W0#P_XQMGAZK2-(/$X%S_`-*EOH/ZZ'YAF_XAJ(?FW_,H!_VP^[Y'HN-K
M\AQ_XIVT@\3@@_\`IEH_S',_Q#4DKYN'S*O]\+O`/0+C:]__`$1IL\5A?X51
M1_F&9_B&M1%?-Q^973_;#[O#_*5JV_\`1.DGC,/PQ5I0Y#+O_P"H:B#YN/S+
M.)^,3N^/1^96H\/\DU!TC\KQ/''6C_,,KPG:DE_-S^9:-O\`7$[P<?"Y6H;4
M]-IXZ;;C<0?_`"XI:Y^4;?OS2?\`6Z_,MH:_&-W@'^4K37_JGAMI'Y=BV_L%
MH_CLK^_:BGYNWS+1_P!\;O!7_G*U<?\`H@;:(\?BV_L!1_'95_[<TDKYN_S,
M/#XQ^\`_RE:OJI2T'3;8&-_<"E?'9/C,:)_6[?,Q_P!\CO#X_P#*=J]'^*-J
M:3\!C_W(I7QN3_?-6/ZW;YF'^^3WAX_X3M7#R_O1HO@<?^Z%'\9E?WS5_]#Y
MNBZ`FN_W;^K5J$UJ(9`%N3I2"GCZO7O7[=M].!*CM.?`6I)3E3[1W5P/APX:
M6%\A3#2$DW.II$K)J*'?8$?IVTL+TIDN-?.CAE;A`]!(XT'B`33RTL"U-%B3
M>G"(Z17F!)K0&O'U>>E!:33Q+*4T'+X\=OMV]&VE`4+TY0R=AY[;@"GC7T:5
M:B)I\W'`W--^!53;;@:<=&!22?LI\EC@2?N&WWZ4%I)-.$L[;"GF?['AI6VD
MWI=#1/AX^&E!317IREG;?<>`\]O/3@C/EI2-P^NETM<`!Z]J_I\=.B/RI);S
M-.$-5]`\-OVN/'4A8KZ4VS`4N&/($#?:GWFNG?1\;4CU/"C!CAL1Z3]7U:6(
MNE%ZE.!'%:5VX_N>>G1!K[*07^VG"8]!4()'I\*[4\/+3RP@#I22Q\Z71%6:
M>QMP!V(%-O7IU8#H=NE$6'GK3EN$5'<TW`&Q\CZ1Y:>2`DVZ4G<*6]P.QH0#
MZ/+Q\3I?PQT-M*+U-?;2R+>#L0*TK4C8^K:HKX;TTZN+TOUHB]+"#2M$C;85
MIPV!WXFH/W:7\-U]VD[Z4$.HY1[(J#6@)--J>K2ACW%ATHM^M'$%)!&U"*;B
MN]0:[[;:6,46]E$7I7W(\1MMN.6HV]/A7QTY\*;Z46^E4P@"HA-*FIX$`^@'
M@=]+7%ZV'4T1DM0,$FHI3[#MY4KX'0.)[-:'J"DEPD4Y>4@\:CZ_/TG3;8HM
M8"C#TBNWU`*4[4HHD55O3<'A6FD-BG0@>[1^H+T404G;E%210^)\:^--)&-?
MW;:TK?XWK(@H'`4V/@*^/'B0=`8P'A1;@:P(*.)2/"@'$TIN3XFN@,5?*AO/
MG6#"`!`YB*>`'@-Z#ZO'23C@#2]J&_H::K@GCL=R`>!%":`@;;C3+8QOUTI6
M_P`!2'N*A^+9/\;;Q'D3YZ0<=AU%J5OI%<18-`*TW/#;Q%:GPTVT!!T%&&'C
M2/NRR:<H/H^OT\=]-^C<@6HPP\Z3$2I(Y:FA4=N%-N7PWVTD0`W%J/=[:15&
M-*4I3?PV'@/4*:;:#K:C#'2D51OOVH/5[7'<;Z:,%*#FD%1A4_I.]*BH'W:9
M:"WA2Q(:35&(\*?LD>'AX:0T-O"E"2B=$;^&_D:<?6-(](>5'OK'3]!X_3ZM
M)](>5'O]M?_1^:OG])]''QVU>[?95`91:VXVH`*5P\.-:C2PM-E[D6UK*65J
MK4C85I2I'JV\M*"TDL33AMBG\;QI6AX>9V!^[2@*3:GB&_0*?=Z=*'T4+TY0
MU6BJ$BNWB*^F@J-*M1$T\2SP!2/V?+R^S1TDM3MMG@```!7<>D_72FC`I)-/
M4-4'F:BGHIY5TL"DD^%J=-M@D'[^)'U<-JZ<5>E))M3E+-/`<?+T;4VT\(Z0
M7I9+0H"`>-/17T[:=6+Q\*06OXTNAE1WIPV_9\:5IIT1'ZJ07`^FG+;%:>%#
MP]%3QU(2'76D,]/$-)!%!O\`L\=M2EC`MI318FGB8RCRUX$D;4)!X\/K&I`B
M)I-Q2WN9IP-:@#FH!O0?972C`;=-:3NI5J$H[TK3PVXBM1]5/KTXN.3J*)GM
M4BB(*^TD4%`/-5.!(J$[UU*2`WU%(+T[1&!W"2?4*`>KPU(6`G4+K2-UNIIV
MB(HI!`%*T)K]5"*5V(\J:DKC$K<#W:09`#:ETPE'<T!\]Z4/U>8T\N(QZ@4@
MRB^E']Q.VQ.QKQH/+<#QTHX9/A2?7'G2J()XE*O0-O37TZ=3$:Q)!I#3IH-P
MI5,%)H>6A\O*AJ"=M.KABP8KUILY0W%0VHIPF&-D\HI0FH&Q-0-P!4';3XP^
M@*:4T<M-3NU\?92ON8J">`&WW_LG3HPM;_PTR<X=`*-[LD%(``(KO04/GY:7
M\&3:UA:D'.4:$$WK!C5&X'\;U>OC6FD_"$]1K3OQBCITHAA)-:U`\""=OT`\
M-(.%<D6/LH_C5`!W#VTFJ&-^4&E?,<-AL/17338>IL#^GLIU<M;`L1]/\M$]
MQV!(%10@#:G#ZN.D_!$Z[=:5\6@ZMIYUCW`;U%*^%2=J_I.D_`W&O6A\6H\=
M*!@CQ`\^)IN*>6VEG`.EP:2,V,WLXO\`51'(5/)-=N(/'A2GB--28E@-+4ZD
MX8G6]-C!53:AWW/J])X<-1SB'PZ4[ZP^ND%PU4/L$BI!&QH`=O.M:5TRV,UC
M[IM3@D&FM(&)X<@-37@34G:E:;Z9./K8KUI7J#SI-44`'V=N!-"#OX5H-P3I
M+8X`Z48?PO1#%I[/(*D>%-Z\3YUKI'H6TV]:/?XTV7#004\O';F%01RDD"E#
M7?3+8X.FVE!^E,%P2#S$4`&_+4CT;`?;J*V,0+GI3@?VTU5$4=RDU\!0[#@/
M,\-,F`GPI6ZD51B*@@'B=@3OZ0!6FD-#[*,-KI3<L5K0':HH*\:TWJ..FC$/
M(T>[VUCH?QO[&D>D/.CW5__2^;(M</``&IH/6/P_M:MES4-MZD']/K^ZJJ3C
M)/\`RW##VZ']7WTNA+:C2I&P-00JGG3@HD>K4I)HG_"XJ')C3Q_CB8#]/$:4
MY0V@CV2D[4%./*/$[`[#3VAIBE4M;TXTVVKX^GAM7AI5J%Z=ML`<0:5VVJ10
M^@@?;H41-/4,5/"FX)KM7C]E:Z5:D4[0R`1Z3P/#;UZ5:BO3E#5?``;<//Q'
M$5TL*3]%()\;T\0U3SKX\./[5-/+&:06\!2Z6O0=CY</&FWHT^L?C2"WVTZ0
MS7<G;C7P]&WHU(2._CI31>W0:TZ0P#04\=SZ=]]O#4E(KVILL:>)CT.Z#6AX
MT!(X^*3OJ0L(!U%)W7\:=HBJ52NQ/`<#7RKL-AI]8B=+4@L!4BU#VJ4[IH=B
M`?'U5U*2#S'2D%_;3YF)2@-"1[0K7B:>).I4>/TOUILM3H12HT(J>0#@#P).
MY-:;Z?&.2=1X4C>/.G3<(C:@`)WI4$>7$`<=M2$Q2#8`4@RC4^5/$PBE-*5'
MB:`FM.%*$4&I@Q&5=>E,^NI;0ZT\:B)V-*4I6@W->-?#8ZE1XF@('3[?LJ+)
MEJ-+WO\`9]M/$QDT%0?.NU:;>@CCJ:F(MM=#4)\UKW07%NE*AG@-J;^G]J@&
MG1!X'I3)RFZCK^GZ>%9#/JIX;;Z6(%`M;I39R7W$WZ]?II5+%=P#7Q\QQWTZ
MF.+FPUII\HZ7.E'$;QY=]QQ&EB#6X47IHY)`VEB1>E1'41P%>.WEZOJTX(33
M;3BC>['@?#QI^X=Q71^@-/.DC)U(OI6?=B*@BGT]`T8A\Z+UK&XHICE*@"#7
MZ^%?';1>C:PM1^OH2&K)BD#P\*5\?W=]$<?V48R0-+FB&.?+?U"GU^7#2?0\
M;4L9&E@:+T#3\/[G$TKHOAS;04LY`OJ;5GW<G][7R!%*4\JZ/X?V"D?$GQ;2
MB*CG>H-!]E?"OKT7HL#2C,I%K=:(6`/"H]._U^.FWB)_$H(IR.;:3M<@T0LU
M&P`WKPVKY[5TV($!_"+4\V3(0H#&_G[*(6`:['VO+[MC4#3)QP23;0T^N40!
MXD?I^GE22HZ=MB/J\_JTEL1/=VZ'QI2YS^]O%QX6_@I(PT$<:>/`"F_TXZCO
MA*"0+_94E,W<JM8#ZZ2,-`KL-O,;;?80=--AA>J^%.KEANAINY$"@/WH%2!6
M@/J'$'U:CR8H-M+5(6<>&M-E0#4FFW+4;;??OQ.H[89ZD>%."=3XZWIK[I2M
M=O,TV\O#>HIX[Z8.,02;6M3HEZ4U5$"C4@5'[[EW%/,$G84XZCG'W&YIP/YT
MS<B4YBA.]:U%=_JIN2=1I,>UR!2]P-M::]!S^`?+\7CY<>.F/2?^;1W6O__3
M\38UZ[$7ILMWK"KI8)*VZ&3:I3Z6T.D;K2WUD-\M3L"%_7KIJ2=HY0ME\0T3
MGQ0L/LLUONK`F3N.`_\`3\CN0>#`-]MQ_'4'=L![5SD*<Q;/WX3H3S"+?HZ%
M@JX\B7F&XQ;%?$\Y&H>3V]VS.A;C^;>-_P";(`P^T!;??4S&[@YV)@N;QD<B
M>:$J?L)8'[JJ&?89D&5[HQ(BW0$T0[`=+S2P3L?:0DI)KPUEI</+Q9#%#D+(
MOFIN#]HJ^7.X_*0//CM&Q\QJ/L-6!9.V^4/V]=SN^$]RV;2T*KR3'L2?R.UM
M%8Y6&)+/_%L1E3SIH7#.!3X-*.QLHX,V)0V?QV0D9%PZH6'V&P^O=]55CMA3
M%AQW)8[N/V7?:?M`)^K;]=:N_'A1FE.(O5NDO-N*0Y;ULW2!<6@D4J\B=;V8
M(6"*%*'UJ'IVTU\1C6O\0NZ_2S`_>`/O-+.)E]?AFV^!NI!^C:2?M`I%F7%<
M)_6H3ON2H"NX`*0:*4*^C2TFA8Z2C[:;;'G4>]$P'T&I1M*%4(4/4#0_9ML=
M2E4'QJ,Q(\-:>);]`IX>@'Q])KJ2L?G39:].D-'T>)W%.-*<!XGU:D+&?*FB
MPIXF/2GE]-]J;ZEK!T\J:+]:>(84>4A-:<-J#TUKQ.I"Q=-*1?VT_:BJ-*H)
M]L44`13R^E-25A.GN^-)+U*HAU"0H#F`'`GUG>@K0ZFKCZ`$:TR7Z^5/68Q-
M`1PJ2:<-Z^-?5J3%`6MI2&<5)MP_PGEJ>7?TUVX$<!JPCQ>AVZV_33]/.F&E
MMU.EZDFH?+38&NY-*GR&_AJQBP[#5:A29BZV.M.$1A6A37T^`XC[]2$QANL5
MJ-)F';=3;SIP(XX4KP\]2EQ0;`ZU$;,;4@VI<1^8[)X;?MUT^(+]*C')L#?S
MO2R8YX4V&Y_3IU8+=13+9'D=:<)BGZ"M!XTX:?6&U1WG\J5$4?6/V_KII8A'
M6U(]=K#6E!&%*43Z:CQX>?EI8B`%@*09B3>E0Q3:GEN*^5?.FE".WAK2#(2>
MM+"-YI\?L]/$Z6(O92=QI5,4BH&P\=CN>.U/5I8B^RA<DWK/NIX^C<;\?0-'
MZ7D*+6LF,:#T^OCZ='Z1`H:W]M#W<GU^HTIZO3HO3O\`30U\*Q[NHTV'L[>/
MGQT/2-`DVTH>['Q\MMJ;_L\-#TC:BN:*8R@!M7]C[-%Z5O"CN:3,;?\`"?*I
MK0_?6NDF/RH;CYU@QZ4]FG&OIKQ-"?'0,6F@H]YT\J25%.VW'P`-/N.D&&E>
MH11%Q-MAP\`#X?;723"*4)F`M>DC$/K](X?77RT@P"]."<@5CW84W]>W"@^K
M23`#X:T/B"#:DC%/``^T!2NY-!7?Q\-),`L1:G!DG0D]*1]W/\']/#3)Q_93
MPR1YZ4V6P:<*CTUWTR^."#N&G2GTRF!!5K&]Z3Z`\0?KWXT\/'AIGX8:7!O4
MGXMO`C[*35&2:T2:UK6O#Q-/#QTPV(I)%2$S6`%^G\-(F,@U!I2FP(WKZ=-'
M$O\`LZ4[\:HM[PO3=4)._LDC;>OKJ`#OJ,V$+M=34E,M2`=W6FON?\0^?T]&
MHWPK?W9ZU(]9?YXK_]3RY^(KX/;?\-UN9C9;WOPC(LOEKE&!:<-M5SG8]*BQ
M';K!=E-7N^2,;R24P+S:'HB78MB?B/K0I;+[C8"SJ9"T<>^12FG1M#]E[V/A
M:Y]EM:@2\3CQ1(PY`22DG1%N+7(W!@QZD>*@CH;$$5P7+6]7IO-](D`^TR4$
M@@$+'40%A*QNFAK0^.JF;(D8D7`'L'Z[?=10X4*V+(6;VFP^Z_WTFP[-M[K4
MF,IR.M*@IMS=%:4/-RU!4@`\:4TT),F#;(EQ]/C]76U/'&P<G=$0I(_F^'T]
M1?V?=5V8IWC[H7R]X?AURS>_OXN]D]D;3CT>6N-:3)=N#+$:0;?#=@1GY4=;
MH+;KG.IOCN!RFZP><Y7+Y'CL?)S7;',R+M_9L6'@+7^NJG/[?XG%XWDI\7"5
M,GT7.[]JX4^)O;ZK5=O=6X9!9L7AS7;59<E9N607.%*B97985U=:91#@K1)B
MS9A3=H+JI#:@DLO((K12:*3S;WN*#(PL-)UX['G)R&5A(BG38.C7#C7468:^
M%<_[:D@R\F2%N0R,<"`,IC=A[V\]5L4.FA!4Z6L?+D:X,VZ8^MU%J>L2E\&6
MC*D0DG?\+KQ=4!7B-D@<#KG>1CXT[F081QR?V06*CZ";UT&',R\5!&<T9`'[
M3`!C](`7^.F2;9-:!5%F)6DBO(T]N4D$4*0I)52O\$Z9&%D1W,&3]5_Y?XJ>
M/(XTNF1A@^W_`&C^.L)NEXAJY7$=2@I1U@D4K7\30;J?.ITI<KDX#9@'_3V6
MHC%Q,XNK-&3^G]+^&I>+E#A'Z^`XIM"?UCK?MI!V`/+1M*02D\5'4Z'FY%TF
MQ&V@:D:_J_A-,2<1"VL&:A8G0'3^,_P5M%MO]JEJ"0\AI82%<LAQ$<D@GF2%
MNE#!5Y#G*CX#5OC\UQ\@`:6Q'GI_)]]5T_%YT/6$D>S7^#7[JV.'<K4^>9N7
M'77K)".HE3HZ)Y7#R-E2Z;5'FG<;:N\?,P9?>2=3U\;G3KH+G^36J^2">/\`
M'&P^HULS#2%D#G3550$D@*YDJY2`DT4.56Q\1XZNHHT<B[B_ZM.G\/WU#=["
M]334(`[T*?`UX&@J12AU;Q8=K7%U\ZA/DK;0^]Y4]9B!)J*>8I0CSK7<\=3(
ML2QOH![-:B39@L0+D^W2G:6=]P*^!%`3Z]3U@4V]WWOX:KVR7`-W]V_3RIVV
MQL/!.U*_9MZAJ2D-K::5#DGO?SIPB.2:TJ`=_#ZJ>.I"PZ^=1FG-M#3M$8`U
MXTK7:E?#>GE33PB\;4PTI/C2Z&-SMML1Z#P-//3BQT@R$^-+!@D_A!]/TW.G
M!'[*1<GZ*<HC"@X^D\/5M]..G5BN-!0ZTJF,*D&GAOM^CAO72Q%?PH6I1,4?
MP?K--AL/T:6(#Y46GG2XCA/[>V]-M].B`4`1H!2ONXVV].WZ=."`>5%N`%'Z
M(%-MN/`4W_9TL1`?11;^M9Z0/[T?=3ZJ^.C$0\J+<?/2L]%._L\/5M^WH>B+
M]*&_VUCHC?;AX_LC;0]+V4-]8Z*?*M>)/W[C1>DOEK0W>VLED?P=OIPT?I#R
MHMY\ZQT`1^$D>7Z!7P&B]$>6E'OOI>BEA/D01OOQ/B!OMI)A'EK1[M;T14<'
MQWKY4\*?HTDP`T-UZ35'XGC]/MTVT'4BC#"B&..%:?5N/MTGT?"^M'I;0T@J
M+Q]FAV\O#T;#?39A()THAK1?==J$??4U\-J"H.D^B?$4KH+7HA8]&_@>-!]F
MDF+V45].E(^[D';^"?L\O2=-F/72A]=(JC@T3R[D;*/GQ_1I!C!%K:TL,0UM
MU-EQ1O0;^=/JX>&FVA!)TI8G8``G2D3%/AM]7$[_`%G338X(Z:TZN21;RI)4
M90_>^O\`1]^FVQ]`%%.KE"Y+-298(!(2:U\MN`_;TVT!L"*=&2+D'I2'17]]
M/IZ=->@O\SQMUI[XA_[S[OY*_]7QT[C?$;F&?2<B7;K3C^!V_*HMM;O$;&F;
MC<[]+D0A'4^[+[B9M<<K[DS69CT<%<=5V1$'!#*!MK2G'#L69C<^77[?U!?H
MJGFYG);<$TZ?<+>=_P"LS>&M<XN")$)=<Z8=<YE!;I6M:U@<QYE4==W/$@'C
MH.,?%7?M`/AYGZ]342/XK,<+O)7Q\A_%4$TS)NLA5"`FHZKM"4MBNR4"IJH^
M`K^SJL1)L^4W_#XGP'L'MJX>2#C80%'O'H/$^T^RK%[:<EJ[O=L'&I=OM:(V
M7XPXJ?<HHGPHZ4WQDN29454*X=<]/<`,N'FIR@$"D^"-,?F>'5+*JRQZ]?\`
MS!J?.H$DLF3PW,M(2S&.3_@Z#R%=N_&'>HD!5IPEBU&VLVV`QF=NN#WO;YR.
M+D$F1`NON'3BM1F+?8U8Z@*W<49"W"7**#;?4^].059\CC]%"[)!U):]PW06
M&VU]?,?17,>T\(B*+-%R&WH>@L18@^W=>PMY5Q&'&&T)<<>9:;4.=*W5I0E5
M1S5"ED!501PUCP8D4,[JJ^9(%:_;([;40EO("FSMUL@"O:$M:.8E$>.X\NB`
M5**5E(04@>/-IML[B_>4'U'\E4G[[6^^GUP<VP9EV*?%B%^XZ_=4)*NEOK1F
M`XSS!!#RIRF2GJ@FJVHZ)7L\E:^0XC<`ULN9AWLN,4O;4O8Z_P!%=QJ2F#-;
M68-UZ*2-/:=H^^C6[*KA:GHKL=N&[[NS)$=$J,W(2VF>UTY"FQ*8<92Z4`#K
M42I)%4*!H=)BY":`QF/:0H:P8`@;A9OQ"U_Z5A8BX(M4>;BH)S)OW`N5W%20
M3L-U'NL#:Y/N@F]]00;%U=\M3>684&-C6/6D-OM/2)S5O3(N5P<;C]!I+SDD
M+CQXZ&=RB.PUU7"7'2XKE*8,^<,N2&)<&)%N+D"[-I8:G0#QT`N=235OC\><
M*&:49TKN`0!NLJZW.G4D=/>)L+``5U/?\9[$3>WN*RWL"N%LSN?8+==[K)P>
M]WP6R2+M#9GQ"NW7^7?6(\B,T^&UH82V@J23Z3TR/M7M:3A<7.GP\KXZ6)6V
M8[DV#*&!]\2=;]+W'C7+G[F[[_/<K$P9\4\3%(R;\A%N2KE2!Z9C;0#J5L;W
M!KD^X0I=JD*_*W<@@1D+4&A<F)<=U"235+KC;,=A50.(30ZY_D8>9@RM\-)E
MPQ`Z;PRFWM-E'W5T;'SX\F)3F8^-++;781:_L!W'[Z?6F^9FXZA%MN34XI"$
M(94&'"I*%;()4WUJ>'XA6NI>'R_<L;HN+G"0BP`(!Z=!TO\`?361!V^ZELC$
M9.MR#T^TV^ZKXQK%^_=YCIDP.V4Z^1@E:^K;ULH4M&Q("79DIQ2D`$`!`.]*
M$TUNL3D.^T19)>W#+'_0U.O33<[7\A:^OG6/RY.QKNO^9(X2/[P[5%NOO$(M
MK]3>VE,)>6W:RI>7D."9;:FHJWV94AVU/F(T_'==CNMB64M,J#4F.XVI0J4N
M(4DBJ3I^/OY(W*YW$3Q6N#<="-+$G;XZ'2B?M43(DF%RD$JL`5*L#<'6XM>X
M(U&MO;3F'W-PJ2D5NGNRE$@(D1I3:O`^TM;"6:[_`,.FW'AJ\Q^^.VYAKF%#
MY%6_AMM^_P`/HJLG[4YN,_\`I]P]A'\%[_=XUNMOO=AGA/N5XMTM2N;E0Q+9
M>5[*DH/L-K)!YE#C3CK2XG+\1E@?#<E"Y/@'!/7R!OXBJ3(XOD<?^WPI%`\2
MI`^TUL3;"%4*"E6PV2H$T(J#2M=QJY2,-8J0?KJ!8CJ*=HCC:HIMZ3ZOTZ?6
M#I<:45QY:TL&$[[GZ<..VG!"/"B+4HEGZ_2=J#A^QIQ8O91%_LI0,D&@`'T_
M=TX(O"U(,@UUI4,G[#ZAMX>>G1"Q\*;,H'TTHEGSI]?UZ<6`^-):8:VI7I?3
MUZ>6`^`IHS7U\*-TO13;^SI0ATL12?5ZF^E#HC[?VM_KWT?PXI/KCI>ATAZ=
MOI^C1^@!X48EN3KK6>D#Y_3[AHOAP?"AZMK4`R/I^YMHQC#RHC/X7H=$>0\=
M#X<>6E#UO"YO0Z0K7Q^@KH#']E`S>%Z*603P]'$^G2#CBYM2A-8=:(61X4'G
MM^S739QSX4L2^?2B&/OL?T_NZ2V.;TH3:=*+T?J\/K]9TCT3>E>J*(6MZ;5'
M#;2#$;D6UI7J`CK6.D1X4_;_`&M)].W448D!\:3+/A3PK7?Z]CQT@Q#RI0?V
MTD6!X#PWVJ#]^F_1'A2M](JCUK38^BE/O&FFAOTI8(Z^5(F,-Z"OZ1^QIHP>
M0I0/E2)C#PX[[<?N/AILPFC]MJ2+`(.QW\#3;[](*=1:AI1%1_&E*>8_;TDQ
MZT5O(TA[HGT_BYN/TWTCTU\J5N>O_];YRXUSD,T2NCZ1S42H^U0`\%BM`"/3
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MM'>NK5[;<D8S;&9D"XH]S;;AM2)D<6Z$M`#KD*L;JNK4$JZRW$@4`4=AWK,X
M[GG]1RR-$EO`;0+$7\B02?IMX5C.U85/;D3(@619GW7U.[0@V_H@@?5?QM7.
M%NAR)4IUJ-&,[HNBJVT-A'(TM0;_`%LI):CH>Y`4\R22"=C2FL?BXTTL[I#`
M9;$&]A]A+:`&WD?H\*V4N3$,>)I)A%<$$7/VV74D?2!6[0L+N$@H5<98::_E
M"VP2ZM/.$\X4ZX&V&U!*=U)0L;>6M'C]NYDVTY>1MCZV74B_74V4?2%/2JB;
ME<6._P`/!=O-M!ITT%R?K:H^=*LEM>-OL,872Y*<+9GNH,PH>7[`1#1RE,B2
M5'\24A'-PYM0\B;B\.3X7BXO7S2UMY&\W/@@Z,WM`VWZ7ZU+BAS\E!/GOZ>+
M:^W\(L/%C^ROTW-O*VNTXS@+KJQ<LCJMQ:^JW`*^<E6Q"IRQS=19*OY,&@IO
M_!%_PW:DLS+E\N#N)N([W^N0^)U_"-!X^556?S<<:F'`-A:Q>UOJ0>`]O6DY
MC+[V?2;)!3(:_,(\>$ZW;TJ)D,(@QYA3*0HJ"8K)CH*N0)2EM',02#JKY>.W
M=+XD8L&V*=OEL4V/L%ATL*E8(]3A%R)#N"EB-W@;L+BWB;GK?7I5I6/)A<L$
M==2TS/N.`KM]GN'NZU1VDV%^*EFV2GG'VDK<<AS8;T9:665$(2V1S\P4K8=O
M<[MX)MT?JRXFU2-P4"-OPFY!)VN&4A5)L5T-8WDN,]'G"JOZ<.8&8:7)E7\0
ML"`+H5(+$`D-KY:.]G-]D/)8@1$H>5[NDP8%OD7*Y(+@#KZ2B6J"M)8;<0FI
MBEM3A-%<H"C&F[LY::008D"JYL-D<;22:ZM^/8?=!`OZ14M>QL+FUCX#`C0R
MY$I*B_O.X1--!^'<-3<_V@-O"^E5_<[Q>7KBVP^EV3/0XDI;<DIEN>\J<=6A
MEMBT=%A+Q9=;2IFCJT+2:D5*4X_.S^2ES$292^2&Z%MYW$DV"Q;1<@@%/>8$
M&]KV&@QL'`&.Q0@0[;FR[=.ERTES;0G=[H(Z7ZUL5[G=Q,;QN-'NF37:VLWL
MJ:19F9[W6>C1TA;ZYRVG:QV_US:0RA2PH+//RD%)LN7_`,U<1P\"<ARL\,>2
MUA#O.XJMB2]C91JMD!-[G=8BU5/'\;VCR?,-E0<+C3Y>.+B8QC:K&]@@(]X]
M27(%K#;UO6X]J),JR^[79,N+`@KM\.VO7%$L,.Q9L^7>WXZUMR'&E]!7Y2XR
MXYR=,.J0`3S\QMNR)H\7*QVFG]+%EAV[]VT*V^0C<20+'81KI>WTU5]V8GQ\
M<V/)%ZDZR[MFT-N`50;:'6S@BUC:]69<LAQ28AY-W_(LG]JBWD65R8OJ+"U(
M;7=(Q=A(=4`H@*4@D`GP)UNLW*[:D#C+FQLLC3W8=VIO8&50R`FQ(NPO8D=*
MQ^/P?-XX!XZ;)Q!UL9;`6\D)5K>'0VK2&1V/N#B3?\9N-EC!94Z_:+A;T.):
M0&7%%`1=74A;B72E*$H=<2X@I*.8<NLDY[!G-\KC98$OU1ET%@;G;*PN;Z``
MFX*D;A:K@K\Q,8$8'*09+ZV5U8W/E<Q"PTU)8*`0;V-ZQ&N7:>;F6.8OVYE=
MWX5ONEUA6RXW:XY'CS;;8FRF+:W*M-A?L[QDL1G975_7RX[BVR4%+93SFGCY
M#CFY6#CNU>0Y.*!Y%3>[J5N6V@K%921K?5E-KC:#5T(>>Q^(GY+NS#XN3(2)
MG$<2R*;*NXAY=S!3I;W5<`VU/A9^46/*,1N;\7%NY&-9W;F7'/=U9%9'\8NL
ME@.+Z9#$";=8W66BAJ7R//8:Z-,>\^$<11\[@YEOV94:.1OHV^[KYEJPF%SW
M;?*Q^IF]L<C@L3^*,B6,?3N"N/HV?0::6W*<T51N?VTR&8KFY>IBG0R7J5!/
M.F+"(DIWI4`*(&_HU/@[OYJ!-W*=H9.P=6QRLX^FRZ@?6:<>#MG(D]/`[OQ5
MD/1<B\!^B[V!/T5L_P#2RQ1I0M]X>?QJZE"%JM.50Y>-W)`4JB`85Z8@O.<Q
MX%`4D^!-#2]X_O?M3.D$/YFD.1XI*#$0?([PHO\`1>FLCMWG(HQ,F$TN.>CQ
M$2*1Y@H6%JVEDM/H0ZRMMUMQ(6AQM25H6E0J%)4DD%)'`ZVD`BR(TE@=71A<
M$$$$?56<E>2%F25"K#P((_AIQTOI_8U*&.:C'(]M&#/H/T^K2UQF\%IMLH=&
M:CAL>6_GY?IT\,<CJM,G)!U#48H'K_8TKX?ZZ3\3XWM0#?U4_3]7KT8QS;6D
MG*%]#>L%KA7QV^FVB^&Z7%*&4+$J:R&O1Y>9TKX;72DG+N.M#ITWIZOK_1H?
M#VUM21DWTO:AT_1HOAC8$+2AE"Y]_6AT_+;Z?9OHCCMK84?Q*GJU%+=-J;Z0
MT!'A2UR`?VM*+TMN'KV\=),)'A2Q/[:QT_K^[;2?1/EK3@R!;72BEH^C23`?
M*E#('G1"UZ/W-AIHP7\-*=$X\Z*6J^'T'IT@P7\*6)QYT4M5XC[-(,%[W%+$
MUK4FID4\!3]C338_VTM9M:14T?+Z<-1VA8>%/+(M^M)%OCMZ?#?ZM-&,CPIT
M2`]315-;<-O#AX^H:;,9MI3@D'3QI'H#RK6OE^D\::;]+QM2MX/C12SY@5_8
MX;^K23#>VE*W"D^AZ#Q\QIOT!Y>-'NK_U_FVYE)"TC@I/*H@!0Y:A>Q()34@
M;C2RS>)IX(G4#Q^BL<VP\AQI^'A38U)!\=*$KA0H:R^RDF)"Q<J"_MJ;%TM7
M14ARRH<6B2])B].0N.PA+^YBR_9?N4N.S0!O^VT*`!J25$Z/?%J3&2;^?\/4
MG[:'IR_SA;Z/]E+1<HE6Z[6^\VB%`M$RU28TV![FV\ZAF7#F(F1I"_S%^<Y(
M=:4CE!<4KV-O3IV/+:.1)$0`@W\_&^M[W\J;EQ%E1D9K@Z?41;^&QJQ.Y/=C
M.N_65R,ERL6IZ\+@LPTNQ(3=OA0X4:3*F-1XS/,ZB.'9,M0"$$!5:`4X73\A
MR'.SL/2C,@7\1TV@$L!<W.I-AXGI]%*..P.'A!:9]C-<J/VB0%)L+=`+GR^X
MU_C=Y1;;JEV2I?NC[9:?*$\Q`"06U\@'M=-20#3>A.F^(Y+X3/27()&.ZD&W
MA[?J/W&G,[CUEQ)(X!>9&N/;?]8^\5.7K*9-[>_+8#B84!Q8;4ITJ0ZZ#[%9
M'1ZB^F:_R+84M7"BN&K/D><FY*4X>*WIXQ-M="?_`!6N;?T%!8^VH>'QD>''
M\5D*7D'EJ/\`=OI?^F2%%2]IDVG&6W%0H/O=U1[PB1/NH$+IN-'E+,.WHZ\Y
M"5+/(`XEE2R#S$`$)L<";`X19&Q\7U,\7W22^Y8CJ$0;G`OI9@A.MR-;0<LY
M/).BS3[<33:B>]UZ%F)"D^-U+`7T!\9!5SO%_;Y&G;A,2I;:%M6N/(;B!!0E
MUZ@MOO*E\H6$CK2VE`\6ZU"939O*<LI6)I9%)`(B5@NHN=(]Q/4#WY5]J^4;
MT,3!:[A$-B;R,-WL_'M'M]V-O8?-+M9;';?WEQ*VWJ+(JB\->\,]=AIU+3T=
MQ]F1(<09C)0$+2XZV%$J35',DGF&:X["R<#NC!PLV-EF69;@D7LWO`FQ8:@@
MD`GRO6BRLG'R^!R,K%=3$4-CK:XT(&@.A!`T]MJW?$/<,1[O-VK(7T/8CW`B
MNV"XON(0RRW;,A=3'9E.#K):;-INL5I97SA2FFN8T*R-:/C8H^!Y["AY$[^+
MS8%W>`].:P/C_P"7(`;WN57PO:LES`DY?A<K(X\;>3PI6*>/[R*Y'M_>1EE\
MMS>RF.70,EC9!>\(1'@8%:['=YUEN3S]8;EQEVZ4[&=1'*4-2[F7N0J2VPE0
M*5`K60H:L^3DY/+RLCA\-(>+XF.1D=F]PR,I((%@'E)U]R,'^DQN*1QAXV/#
MQ^7R'ES\Z6)70#W@@8`@VN5C`T]YR#Y*+4ZL9Q_$F'SCUHE7B[--M=2YW9)A
MN.^\H+S:(T%IF7=83*VFU.>U&:;+:0I3J@I!59\9)P_;\<K<1QTF5R*@7EE]
MPG<"P"1@/*@*@M8QH-HN7(*DP<]>1Y=U7D,Q(,$DVCC]ZUC:[.2J.;Z7WL;Z
M!="!3>6Y3<LOGMW&>TPRF-&3%8CQ0Z([39>=<XNN.%3RU*HI6W,`!04IKF?<
M7/Y_<F4N;EQJB(@554$*!<F^I-R;ZGZ*W?"\5@\)!\'CN6E=BQ)L238`]`+`
M6T%6UC'ZFS62V2'%-,Y1B4QM)=:6X#*AWBX.6AQ*VH\A2NE<XS/2;`2H<P25
M44JF@XNT>)B13':LN(2IL3JLLI7HI_:`M;V:VO;+<H=^;E9$0N\.2MP+#1HT
M#C\0M[I)/E;H3:HB)C%QR]CJ)BO6>SPTI8FY#E$WHQU.LK+3PB%!;"V&'TK0
MEO\`64WYI""JFK/#X'-[AC]:.%L;C$`#Y.4^U"1H=G2Z@W`4;K&^Z52;4>1R
M6)Q3+&\HFS'U6&!;M8ZC=>]B18DZ7TM&UKT;)I.#8?:$VS%YS&1Y!</U$V\!
M0>8M\%*#UTP'&:Q(KDM9#8Z2G'0WS<[E>0E?.Y':7;G'#!X/,7.YF7W9)NJQ
MH![WIV]Q2Y]WW2S!=VY]5N?%8W<',9+9/(XQQ.-CU2,Z%VOIOO[Q"C7W@JWM
M9>M:OV]N\NVY'!GPV.JBSW&RW\1FF6WG7WK7>H(0M2%K5(>5RR%CD0>7VR:`
M)UCNW9W7E%R8D)$3)(`!<^[*GAU-[]!I?PL*MNY<..;B)<*60*TT;Q7)(`W1
MOT/0`6\==!K<U=6;YCD\6\FSVUJ2N/<09%F2PVRTZN,XDK;:#3EN<NSK\0I6
MA:4I2Z[T]FTU]GJO-=U]QME)Q^,&(E'[L*H#'3IM*-*S*;J0+,^W11X<^X+A
M.)DXY<G)"F2'W92S7`9="20XC`86;4D+NU8^,=%S/NW@:VY5KR:Z8[=G8DJ2
MIB"MU^=!4IEZ1%0ZIQR4U;Y,AILK0%O..H9;*UM-<M7*S*Y#O/A%"OGO!E/&
MSM%;U'6ZLR[PV]8V8#<H+%PBEF1+7<2]K=B\^ZO/Q,<\22*`XO$K68!K%"C.
M`38V`4L=H9KV7HGX?.Y^6WOMYW:NN998]F<R>&&;NUW"EIRB#,@+?LC$M^%&
MR*3);7-M!DQZ=.,L,QWG5<Z4\HT]V%+A<O\`%-W%*D^]WN\X5P"%4W]_H!J#
M:UB1YBH/?7&Y6`^#A=N%\!45=JXQ9"5W-[IV$:L=;FY(!TN#7/U_D8;:[XAJ
MRW9_%9DIT`?T:_/(\$/.!*DK7:7H+ML6VIMT*Y6$\M#Q2%#1\J.$X;D%3AN5
M?%F8Z'',ZK<]+QR1E""#<!"1KU`(J3Q/^:)\`MRN,F="J_AR%A+FWAZJ.K@W
M'5A?V$@U9W;F[R<QRFU87C?<_!\IO%W2\W%9R:RY=AK?O;,5^0U%5D$.P7RU
M-*E+CAE+LAEB,EUUM3CS;?4<1;\%\Q>XFY&'BL'+Q>6=M%5U;&E8@=!(1Z5[
M#JW736^E1^=[=X3!X7(Y_G,')XG&B4L[(1DHJW`N43][X]%!L+FQ`O6P2\TA
MV*Y/6;,H$W#[@P^J*7;FJ'-L,E]%><0,HLTJY6"4VFGXNND&HIKJ6+\PN'CG
M&%W!B9'%9=[?OU_=,?'9.A:,CVDJ*PD/;TO+8:<GVOR./RN$R[OW)M*H/3?!
M)ME4^S;?V5*73*<<LMO8NMRN\*/;Y2RW%EI<]X:DN!EQ\-QC&2\I]:VFE%(0
M"5$4%20#J>0[B[=XC`@Y/D.7A3`E8JC@[PQ"EK+LW%B0#8`&YT&M5.'P_.<G
MF3\?A<9*V9$H+*1L*@MMN=Y4``G4D]->E-,8RJ'EBI<JU(>5:66(70DR(S\.
M0]*>7,5(3[O)0A9CHC(CK;<2"E?5(K5)`@]K]S8/=TV?-Q(8\=$L8#,I5C(Q
MDW@@F^T*(RI`(.\ZW%JD]P\-E=M0X:<DRC-D9[A6W*$`3;8@6W%BX(N"-HTM
MK6V<OT_L:V1Q"!I67&<I-C>L\M/#CH?"GW=*'QB^]9^E#E]'Z>'VZ4,4WZ&U
M-MG(/VA>L\NWJ^[]DZ5\)YD6I/Q_D#>L%/TKO]VC.&;>RB7D5+6\;T*>C]O3
M9QV\J=&8FGO"L<OT_L:;..3X4X,I;7W4.4:+X4^5*^,'\ZL<H\JTX?HTDXVN
MHUI8R]#9M*'+M]/OV.FV@T(M3J9.H(;6B\GHTT<:^IIX91Z>-8**C8?3U5WT
MEL8>`UI:9>OO$47ICA_8TR<8=+4^,OH;TF6@?#P^JNF6Q[FGURK#\7VTFIKZ
M]OIPU':`CPN*DIDJ:2+5?W>'U:8,/C:I"S#SI)3._EZOIZ-,-C7-Z=6?H;TF
M6CY?3T^'AIDXY\!3@F%%4W3P-3Z^.FVB*^%."2^EZ)R^CT>/'2-G]'QMT\:/
M>?/_`&5__]#YM4J"004GVJ4J2:$'BG<))/I!TM2!<$=:>96:Q5[6]G7^/[#6
M-CX[GR/[NCV@BX;7[/Y/OO[*+<RFQ4V^W^4?9;VU@I-`2/V"!Z=)((ZC6EJR
MM^%KT4T\/IOY:32OIK?L"L&)WVY-1\MS)>&0%RX32[BFU3KJ&FG9<=F0^68"
M''>:-'<<=H0*AN@)44I-YP^'AY3?];R#X\6\#<JENI`)L".@)/ATZWTJAYK.
MS<0`87')D2;"=K,%Z`D`$^T`:7.M[6UK5I?N++UPCQWGI<1N8ZJU3G6#%<EQ
M6WULI>>CE3JF%2X]%E/,KD6.6IW.J]VA`GB#%E#71B+7%[:C6VX:VOH1:]6*
M+,S8\Q0+(4`D4&]C:XL=+[3<=!<&]79A'9^+E^*Q\E@=P<?L$IR1*M\NS74R
M5S&W8I2"]SQ$5,68TXE:4%H\J24DJ(KK>]M]DY'/<4O)8/-XV.2[(R2%MUU`
MN?=7\+`Z#7R-ZP/<?>:<'R[\=F]O9>2@1762)5V6:^GO-^)2#<Z>8`K9X'9'
M(H#R%6S+NV,E_FHA^;^=AX*)IUNL[8W>1:O,&@\-:+'^7W<.(X?&Y+BGD'0M
MZI/T@M#I]OT513?,'@IEVY/#\M&AZ@+$`/J$NOV5;^'?#_\`$=F5QC6K$5=N
MLBF25I#$>+?'(I45CD:9;,R/`2D<R.;<4%=R/"Z7A_F5BQO*BX,L2_S6(`]@
MW!=/'^&JINZ?EW/+'CR-G19#C0-&"3[?=+>=NOT>-4_W7[3]VNPOQ'JP+O)C
MUOQSN+9DXW=[A:F;M#D1&8-ZQR!>K',CSHLYQAYZ19IC#R&PLJ4Z>0H)]C7*
MY,K-R>[L?*SUC^+,J7V&Z^Z`FAN?YNNO6NIX\>)'VS)#A-(,8*UMRV;WCNU%
MOZ7V5%9EV0[FPL,MW=*XQY$JT76`Q>H2Q.;7<+39'"M<*3.BRI#$MJ.^PIIZ
M*8B9"`PKF<Z2MM3N0[>Y\\9#SF1C2OB!`0W\V(C0F_[-K%=MP!<D#2^?X[N?
MM]N5F[?AS(ES]Q4KYR@]-+C<#<,'VFYL+]!<O<B.K,L"[4]_(MMR*[.9G9)&
M`]Q%8O%:?F,=QNWT2-:Y,J[ONQG9`.5XA)M\UH5Y5N>\J%2-M-)D+GXG&<V^
M+F3RS1^E-\.JEO5B'IEG8AF_>1E&`Z:L>O2CPHUX_,Y;@6R\6"*&7U8/78JO
MI3$N%10P'[J3>GG8+I;KHEJ99,9"V>S7<ZZ\B^H%2,2N5S80X4(0%I:6MR&T
M.1L)`0VFB0`!3;5IC\IP.)$/6[)Y.0J;_O(2Z@V`O9FV#06T4:"PH209D\A$
M7=W&INT]R9%)\;7`W'KXGVU2N7M.)N>8I@6U<N$+E`?D71B,KHV:&\X5PX$P
M,MEFURI,AY*'67%`M/MEJG.%`<YYO*BEGYOX7#)@DF4[]MO36Y8)8:(6TW*3
M[I7;:]ZV'"PR)#Q3YF2JY`C:R7OZC6`9@2;LHU(8?B!OTM5C9'`C0L`[57%J
M3%8E.8K=)2![_&BL.*AY;=U.CW&Y.HE.S$K;4A72:<2MZH00D#FMI(HDXKA)
M_519DQF87=%!VSS$C:[!F;PLJMJ;:=#51F27D>87T6:)IU!LK,0#%&!JHLJ^
M/O,-!<^QWB=MB7VY3&OSB+:T.)C3[<Y.9,I4DW7E>N<.TO)=M!BNQK@D*4&?
M:;5(4GVRGG.I[6XW'Y;,R,63E8L=557C+C>6$NK+$=T6UE8"^TW!8C6VXTW-
M9\G%X4>1\$\P!8/M.T*(_P`+2:27!7Q;0A0=+V&FV>)AT?)\AN-[0N]P69\N
M/;;0A)=F7:7(D=0/+0RI+;,9I*B>0!3CM:H2L(<I1<9C=L8W.<MF\JC9>*LK
MK%"-7F=FT8V-E4=;"[,2-JN%>UOE9?/97%<?#Q\@QY"BEI#HL:A>@N+EO"YL
MJV]XJ2MX_"F8]PRS*^2(U;XQARY3<$-*+$%G^E-F4B(>I&6ZPW'0OII4630@
M!:.4J`IN#2',Y[G0F.(8&#D(!I&IR8K+JMP%!V@[/85L2*LN?>3'X7A-TYDE
M]1%+WU<^A)=M#8D]2-WM#7`JX&KO>[3@=T?QQ$)B^XN_&CN.JMZYCJ[(_/3;
MIC<>=-'08AVFXR(TAZA4VERZ(&Q)`WT',<KP7"9;\*(DY.(A-_I;VVA]KJLK
MZ*J%EE<"Z@SKT)(K#?EW'9W/P+RK2-QN2I<J)-J^J$NI9%U9I%5D0]=L#>`!
M-7)M5ZBP[I?\MO4&1,N]HN<MBTN2IDR^,O7!+2/S0P(D1Z)$;=89#7,ZI"4M
M+_>E*:9<\?R<6-G<QW#RL4F5DX\CB(O(\X:2P]78B,B`@;?WC+[C:`$*1KQG
M<?-/B\=PW'21PP2HOJ!46(JE_<W,P8D$W]T-=AJ3<BK#[2W*18NW3MT_,?<+
M5,S^=8[VAQ]46//M\S$&E*C..EMQKF1)Z2D*)0IEWD*313BD,=HY+X^`2<P0
MXS9)#DMM!'I[@#H3^)19A;:Q6[`-<0^\,9,GDE08YDRUQE:.PN582$$C4#52
M01KN6]@;$&#N$+$6+\YA=H:GW6YK3%?E7"2EA"92TQS<4)C^\R&DN1HUN3U5
M*<=>7(J$M+".8JO\B/M?XZ/M[AUFR,YD5I)7`4,VS>0@9@-L:`EF=W,AL(V5
M+EH.)+W!-Q_Y[R1C@P]Q$<:DL5&[9=B%/O,^BJJH$%RX+6"QN#7*V8?W6NET
M::ZT"SHN+2BMR-/<<B7",G'9:%%@RX[[CPNZMV3[!X*2!S)ST!P^'[URYL5C
M\/CS>Z25D)L0+$QEU;<?%"0+^0N+3D(<SF>SH<7)*^ID0D$;60:Z_A<*PL+Z
M,`?H.AL/)<BREF4[^50V!#=64)2N#,2S<HI"UMRBDW&>W)BN)6UNDI6WST4T
M5+:"][W!RO+Y$OJ8''(F+)<"T;A)%_G`&297!NHT*E2;,A+(&P7!<#P)Q8FR
M,EOBD`)LZAHF\5)$<14@ACJ"&VW#`!K,.S2NVO<#*+_@W>C'95HMLFPY,[8;
MAV[DL6"^6S/(KMN_*GY=NF(N=BN5JBL,RQ(CJ@HE.MK7TY#1!6,%P7&?YLYB
M;M_.C^$E'J,JPH;M*A%U]&^TL$W]`K:6N>AV?<'(9'9_$0<YQ<IS;M$K'(DL
MJQ2!K-ZVTMM+A!8EEU&@ZB[,?[7=S\7<@PK6Q<.[&+17T1<?N&#Q5W',8,8K
M<0+'>,60[)NMVMG1D*=9C1#,>B/`.-$(YVG.D]L'F^Q.5Q9>5EGEX2!K%XD)
ME$>H,<T+NK-&`Q8;?4:(^\MQ=3A^:DX;O#`RDXR.''YK(6YCD>T+2V!$D4JJ
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M88&EJ?3DBQ'O6)K%!IOX0="NE/?F!ZB36]%Y/H?T::;"```%2%Y0L2Q;V^72
MAR:8;#\14I.2N-:+RU^@U';$;K;2IL?()<+?6L<OW#3;8K#QIU,]2;V\:)3Q
M^_\`L:BO!XD5/3)&MCTHI0-_W=1FQQ8VJ4F4=+]*3+?TV\-1FQK#05*3)%[7
MUHA:'TV^G'31Q]3:GER?.B%H?N_HWTTV-UTIY,KI2?3/IX_0\..HWH>PU(^(
M'LK_T?FTJ-^"A]2#3TIW!/JKI5/@'Q%C]O\`+0/+YE/C3AL:4J*TT*/7RO6*
MGQWH?#U4X&F^AN-@#J!1;5N2-":!]K<#AX5WX"E!Q_3H,03<"U&H*BS-?]/T
M\J"5+00M"E)((HH$@@C<;@^!T:LZ>\I(]M$ZQR`HX!TZ>RBGA^V=]SY;5TD^
M=+&FE;AB60S;*^IN*^^VEYYM:DM**@>1*^?F8/.TZ"CS0HU2*4XZTO;O,9?&
MRM'CS.H9@=#II>]UU!T]A.FEJSO/\;!FQK+*BFP(U]O37PU]H&NM="8_G$:<
M'&YK7\AR#KL)/56>DAUP+@56^EQLJ-4M%U7\45`UV+B.[8,G<F7'^&WO*->@
M)NGXKCR4L?8*YCR7;LT=FQG_`!>#'3K;1NA'M:P]M6?;WHL]I+\*2S(94-G&
M'`OP!H>4U2H<PV.^^MYB38^9&LV+,KQGQ!O]OD?8=:R,\$^.YBGC*OY'^+S%
M4C^6IOOQ&V*T27VFD7*Z6&`J3+*5MLAVT1FD.GJ.H`4WMR<RA0@>C7!^ZW$7
MS%=W'NAX+_\`*3Z?X*[)VXAD[+C16U*R?_B-72,&TWFVHO';R\7!R>JQ,MP$
MB++6]$GX[<H/O%L=;;:>>:;#,5;D-]NI4S)B.H7125`=K^7Z3]Q<%/PTL?J2
M8\>QE74&%TNC::6L3&?Z2$=:XMWUR/"=I\EC\SF9$&/%D9`5'DVH?B`]C&";
M$L2`X'4JX/36ME^"P3+M<.]_PF7!U2;EE%K=[@=K^=YMIQ[N3VYA3+C#@0TJ
MW,K.,$ERV`E*JE3#0I7AS_L^:3M?N7D^VN1T19+`M8?A_"UOZ<15_8$K9]V8
M^/SW$\9W#C('#+KIN]U[W'E[DH*Z^+^%06>9GF%L[?Y1&@Y??[1%D6Y,:2J-
M=KG&1[J[)9;>;4(;A>4AUIU2"D"B@L@[$ZZCWT7Q^TN8FCD,;A%]Y?=8`NH-
MB-=02/:#Y5C.UL#`DY_CT^!C?WB=I4$7521H=-#K[/IKFVU37+?\.O<B+B=Y
MN@@Y!W&Q.#W#QUU,),,6FT6]JY]K[VWS!=Q6K\ZD9(Q,6VI;+:_<@2.LDJ\V
M8Q2+MWFACH&BER(5:_XH]OOQF_@LEY0;'JBCQKM62#+SW"G*)&1%CRLA!-FW
M'9(MM`66T96XZ,QT(KK?&;?%C=H^T?YK9+-?&+GB5P<+.16B)=:-Q<URQMM+
M,E\%TQ%H>_5TY2IH(4=S0=^^6?%<9R/$;.2XO'R%6%`/5C5[7ER#[NX&P/@P
MU86-<7^89S1G*^#S.7B2>JYOCRM'<[(A[^W1B/YIT4DBN/LHAP,:O\NUG'[`
MRN%?I[D69<V%S8+F/Y=$;19"FUEQ(>.'R8,DMN\Q4IUU*7`M"0D\J[GX:/M_
MF\_CGQH=D4_[LR#<IBG!:)M@L6]&S*3<^]8$$:'HG"YTG+\+BY29D^^2$!_3
M;8YDA($B[_V?6TN+?A)((ZBZ.U&$=F\F[>%&5VC*XG<-RZ7.X2<QQJ[I93/M
M5PE2&K:!:7O<HT:*VJ*^TI#?.A;C2O(!.R^7OR_X3N?A<F;,RIXN960L7B(4
MF-[B-M5ML)1UL!8,C#P%L1WWWCW5P7-8Z<,N(_!A%3T9PQM(@!D%U).[:Z.&
M8W*N.ER34?:BPL_YWLWL$&[M6]B*+O;(%^O<5QYN&EK-[-`AW2Y,0"%JZ0Y7
M'6VOQ^TVG95=8CM;CLG$[ZY_C>/R+YL$DD<4C"_OIEQ*C$>Z-6`N-`>FE]-U
MW7R*3=E=M\CGXO[J8Q/+&C`>ZV+(SJI-]`+@'4@>]K:QV'`UW++NZ.6XV]=K
M%>+5^6Y>SD4AE4RRVNYV");3%N>26J'<0'??,>3!9OG1):6ZBVK4#S)HIQ>5
MY'E^?Y6/+GCE#&3UMBM&C#:J/*J-T9"B2O:U_3+7L":8RN/P\'@N+R(,>2!T
M]-HE=ED=6W$K$S+U$BLT2WO;U`+7T"F0=K\KPBW7]G-L.RNR3V;/<74RH]LD
MY)8W.K%E*;FJNN.R_<H*GVU(!7,9YFJJ*S0D"R'%)A<9R3\WQV;CS_#2,CK$
MV1"S%7VGU8)%1-UU&YT;;[Q8D$VC0\YC\AGX"</R>',IR$5HWD&/,H#*"/2F
MC+N18D*A7=I;4"\%CTVUQ_AKG193K'O=U[QRH09+K+;K+0PB$\T^^>95&'7&
MUH3U@V#[?24O]<G6.X7*Q8NV>1Q)_P"TFRE"ZJ+$)>YN"?9U70G\70:CFL7)
MF[EP\B%24BQ"38,?_,Z>0\^C'ITMKM=J5`NN/8[<;59+2N\I6[:+I=YMNMLB
M[-(@MP1;'HQN,H<Q<C2%QV^3F*F[>M1<21KI?`Y.-+@8D?'\)AMR!:S9$L43
MSA0$5?3$S[=-0I4%BL;,67:36`Y''R(<_.^.Y;+7CP`RPQR2)"2Q=FWF)=W7
M4@D*"X&UMUJJJWV"[7'*^Z%MC%^Y72-C$Z6VY(=`===;R#%^1;BW4--<[:GP
M$(4!520E/,OE!YWG<?GR=S\_AH9)^0U/O&SLP93^T%]X>"VZ@*+FU]_!F8B]
MN\+E/LAPM/PBZ`6(\"=#YWZ$L;#I<N,294O$K+DUTDQ#)82JU*MUKBRWIL>>
MQ)>D6^0Y%BVV>\A'0NJ8K*?90R]`?!IS!8Z?VQG3C$CY3E\M$>)%]-4W,^\M
M($VQQPS/[A=55;!8W5E.TR*XYGRV%&.0S^'X["E:*9S(6;:L>QE7U0SO+$NI
MC=W-R665"`VTJ>;K#<T0.X3\U_G;87>+DN0W)2\EYQLRW)#L!;90\I$JY!'N
MGZQ)2E;WM$4*AR7`RVA[IR,J1S'>>8MO!#=6;819B'DMZ7O*0&?WB!<CJ?)X
M:Y/;4>'$`SB"()M((!``#@W4%8R1)[I!*I[HO8&[\YQO),!LN176P9E>[4T^
M8,?W>QW67;$76#+4S[$QNWR@E47W1(6*[*YJ4"02YT/NKM3*X7M[DN>Q.=<0
MM)&J(C%3(KZDNJ,54!5O8F[$Z>ZI9\%VOW/B\[S?%<5F<`OJ^D[L[I=8F70*
MC.JEB6:UP++;6S$*.TNX/<7ME-LW:09^N[RI8[1]N[2_FL>7,<R:R7"!C=MC
M7'I7-J,]<)-F8>=:E*C/-R8($FI;',5G1</R/%<3PO$Y^5GM!RC*+2PAEE`*
MJ=Q=+EUNUG#J5-@6T-JSW,X/-\CR_*XO'X:9'%J2&QYBK1$@MHJ/8(U@"K(5
M.ZX&HO6IV"#!RJQY/D7;[*[?W*L>'JMB[VNV6ZYV?*;;$NBIB&GY&-7.%"-_
M;87%(<79%SGD-AQ]Z+'CM+='5>TOFYCYLKXG(!\S"C7WLJ&-KH?#UH0NZU@;
MR0AA>P**2+\F[O\`E@^%%!F8;Q\?R,\FU,3(F3;(;7MCY!;;N)/NQ3%&(!*N
MP!M%1YD>2RV_&>:?8>25M/,N)=;<2>"FW$%2%H)\02-=VQ)<3D,>+-P<F.?$
M<75T(96'L8:']=<(RWS.-R9N/Y#%DQ\R-MK)(&5U/M5M0/(]"+$:6I?J#:A_
M;U(]#KIK4?\`,0`+-<&WTT"X!O\`=70^'O?VT9Y+;;4V!OU_V??6.H*'??T[
M_H/#0]"QN1I2?S"ZV#V/Z>7Z6K/.//?P&P_L#1&&_A2USMA(#W)Z#]/T^FL]
M0'QVT7H6\*='(@]&L:SS_3Z'23`+4XO(L"3N&O37[S^GA0Y_K_3OY#3?PMSK
M4G\U**+$'V>.OE6><>.Y\?/2?A/(6%.?G%CM8W848*&F&Q#II4V/ETL06-_9
MY?I]59!^S3#8VK7%6$7(@JA#??K6=CMJ.^+:^FM3H>0!`]ZX\P?'].M%*0=0
MI<,,#86JVQ^2*L+L#]YHI3]/NU7OBM<D=*N(\]"`"?>K%/I^G3)@(&HJ0,I2
M;!KT6GH^GKTUZ('A3_KWN=U9Y?1]-M*^%N+A=*1\:%:Q>B\@^^OCP_;^_4;X
M/^A^U^GUU)^/_P#>?L?I]7W5_]+YMG4L5!9+J=O:;>"24FM*(=10.BF]2E'E
MZ2H@>!I\-(/Q*"/,?Q@]/M-)DJ'$5!X5H1]1W'#RT1TI2V(&NM8KY"E*;5J*
MUK7T:%'6:U_>_3QIP.AUHNGC1T-EQ02.;?AL":[TH*U.E;;TTTPC-F%`M\BJ
M.<W*#192*E-#O[)*:E)\#31A;$%K[/91^H'!$9&_PO6/92LE"E@5);73D)`.
MQ("CRJ\Z$@'QTD&S74D>1I>I6S*#YCK4M%NTJ.0I83**DE',I:TOI%.4`.HH
MOE`/`U2:ZLH.2GA(WC?IUO9OM&OVWJKFX[&FW>F3'KTM[I_W3_%;V58N/YLY
M&?@\DE:GF&C'Y'UIAR^FED(;81*4KW>0V5@%*'"E-1ND^.PXCN9X9<9HYSZB
M+ML3L>UK`!KV8>0)MYBLUR/`EHYA)"/3)O<#<M[ZDKU'M(^VM1S"^3;AEDR\
M=5QJ6AR,EIY`++K:HC#3#1JCDH\@-`%20`2*@4.L[W+R,_(<[E9TC'UB5%[6
M/NJ%%[6%[`7(L"=16@X'#AQN'@Q54>E[WC?JQ)]MKGQZ=*Z!^'ONMW,[$Y7!
M[MXU-CQKG$GVUTW2<FRW>7%:O<:^VU+4JT7^//9>MMYCWAXN+6V&0I:%*<2L
MI!ONU.6S>W^0QI\U&;CLAHO5CW[/4B)+*"0054D[P=RZV:X\>:?,OMO![NQD
MXS`R?2YJ"*=L=MI94F&P%K%6C9T"[;,DAV,P"-K;>LMR#(>TG='MIWXP]2XM
M_P`0R.SSFG&EJ92+I9IB+E;&WU,$.*8N3#;\1_P+)".!UUKYP84B\U@=Y8\0
M!F;TY0-!O%VCO;J'7?&3Y*!6:^5D,&)VR>RY)&:+%A7TRQW-Z84(W7]I2%?H
M/>)(`Z5TS\<&/66(SD.>8;";B=N.]F&8_P!Z>W*&'1(C,8WGK[-PEV9MP18:
M4/8GDK=PM#S73!8>@J1[0`4JTYWDHN9^5?*9L4N]UB16)_%=7C(+`$V+(5>U
M_P!KZJ1P&-+@=]8&),FT^HQ\=OX7!VD@7`8%;V\*\\[.ZH]BK\E+KT<P\]0K
ME:*$B7%N,#'C*B20=W`B9:(;S1%5-EM6Q"UD<9PL`M\O\_EDDL8N2$;C^<K1
MQ,NA\5=="-1N/ANMTG-G([TP./\`3NLF`S+_`$6624>'@5<@CH;#QM?T%@1G
MG?A\^&R^*@KB,WO$L[+2RCD8D+@=T,KBR%M>TH+6%TZA%$A9H``*#T#\FI%S
M>'GD07:RW_YDWU>W307M7'_F@&P<['20V'O6]ONQ_3]%SJ>M<L=]K#&<9L.1
M*2@.-3$V62`E17(9DE<J$D``4,=YEP@U%.H?/:K^=_`QB#A>>0!9?4.,_FP8
M&2+^JRR?UZ?^5?-22R\IPY-TV"9/Z)!"/?Z;I_5-2/;F9:;78\8]TYVRA$NV
MW-3SZT!+KUS`E-K86%-!,5=PM+[1YQ3W^50$A8%-\L>4Q^&R.&<N1CR%H9"2
M0`LDG0@^[^YF:`@WO;*DTL#:3W[A97*'F$V7F")*@`%RT:&Q!ZWEC7(1O`''
MAZ%A>%[(L1WN]7=SKQ(\GH67.7T"2X\E;3B,TLJ&9$13:>DB1&<7S4<JE:`I
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M8QQL;@J)+@V#6]"?,3D>1P4R<OB9)/CX\(R(H)'J>DQ>2,D:`F(.ZBUF:,`V
MTW3V*Q>W2LZ[CXA;7LD[9XWDB&\CQBV06&,Y;QR%#L-TO+#%JBW*7:%7*6,E
MLDBSMM%2%R4Y$TLJ;6U5WJ$_&<O\MNX.=P>'Y1X4BBCEC8)Z@^'DW$E8G)!4
M31M$XW7,DD1!!)-<PQ^3XKYB]O\`!<ERO&I,9)7AD0OLO,NT!6ECL0QC=95(
M6PC22X:UJH7LC9+[DW<KO*U%@R+E?E]MK_(B!EB);[HZZ,KPI2'H,;\XEV^'
M/%O0L@-RI:?:*?;"JCDO$<ARG+][<AS,[2'E)BSEHU"/=B+E%#$*VT&P#$:^
M.E=>Y/#XO@^T<'B`D:<5`%0+(V]++HH=R`7&X@;B!]`U-6!VBMT"T9/W'[=3
MH-P;GWFQ3<FL$"](G8Q<(]WQJW3,NDO/VZ?'MKTH1L<LF00FVTH`=D7>.4;T
M"NA]L97#=M]SY\'YJXP7;7W9(I2)(I'MZ;&%B(G217/X?WRGH37/.Z,;DNXN
MWN.S8^+B;-1BH!>.2&PEC0'U%$JCU-T3J+;OW1!U`KDK%K*WD.6=PK=&CJE/
M2;7D4BRB.IU9:G1\@M\F!("XZ5J"$*8IN!5*O`D'7+>%XN#N#GNZ<5,.66=H
M<AL<1WTF$R&,L%#':!<%=+D@7!(KJG*9^1PW#=O3OFQ0PI)"N1OU!B])@ZJ6
M*^\38AN@`)U`(JZ.YC;ET[)8]E2))$)QR+BJ;>PRGJQ[C8$P)<<R%3)"YCS9
MQZ^P6`I(!Z[#PH2A2M:_N/(^+^7XDDS7]**2&.*()H%97<%G>0R':&]/:B&S
M(Q8DW-9'MS%;`[YFQ8\-3ZBS322L]C?<BD+&D>RS,K/O:2]BJJMK6NB\1A)8
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M\62Q<8C(4X1)2VIAS6\7WEWEP?<,V-!Q8PLV&))IH69FBR`P0_O$VCTW*$LC
M`[[V5KB]L5G=B]I<SV_`<WG#R.!-,\,&0%02XMF8#T9-S>HBNH5T/N=2NT]6
M7<SM3W#[/WX8[G^/N6R0_'<GV>[0GDW3&<GLZ'VV!?<6R".D1+O:U+>:"_Y.
M3$4\AN6S'>5TAZ;[)^8'!=ZPF/&D]#F46\F-(??'F4.@E2_[2BX!&]4)`KRS
M\Q/EOW/\NI_4S8CE<`[$19<0)C(TL)!J89/-'-CKM9P":K<O450FAX[FGVZZ
M`(KBXKES\B8Y=KD@]>OV7%9#_"G`DUWVVXGU#1&(ZWZT:<E^$J3M)L=;=+W/
MU?[+UD/CAQH3XC8C[=$8C2QR:D&[7M<6OY4;K#P^W]CZM$8B*>7D@=0?K_0U
MD/\`'?\`<\CHC%[*6.2N2`1T_3Q_32C]7T^>WVZ1Z8\JDC//4,:,'2=J_5Y_
MN;:28UZVIU,YB+7HZ7:;;`?;Z?&NVD-%?7QJ3'G!+K<`?H:42Z-_"IV'Z?MT
MV\-^M2X,[9<JW4]/X?MI0.T'[)I3P]?AIAL8$W-6,7*-&MEZGS\SX^-*A8(^
MROU\-_3J))BF_2KO'Y9"+EK$6THP(/#]/V;ZA28>M[5<P<L-H`/T?I^GA0TP
M</PO]U2UY2_@?MH;:;&%YZ&I!Y;H0;J->O\`%0VTM<2Q!L*:;D]P.TFX]HO]
MYH;?2G'RTKX(?_;_`$-,?F_T_P!EY_=UK__3^;=TIYJ%(Y0*)*`E-17QY111
M!\]]+;30BG(O>7>KG7SU^RDMOWJB/0=OT;:3IX&G=?VEK!!'$;>8X5_170H]
M#T.M92GF/LD5HH^TH(_""30J(220-A6I.P%=#Z*(M8:@V^VK'<QVP1L5>N:+
MO;KC-CL-NO1V7W(L[WN6\EAAM-NN3=ON3L6*'`I3K#;S*CN5CAI\*HC)W`D?
M;?\`AJO9Y9)U`W!2;>RWCKTO[*KPN*=W6I2U`<225*'&A.]=-!B:E&&-6+`6
MO]U8`%*UY:\!2G#CX4.@+?12^E@1>WU_RTY:<6VDI"4+2H`*V!.U=@00JGM?
MAKRD\0=.I(57:5!7[_J/7ZKV]E,21)(=VZQ^[ZQJ+^VU_;3FEO6PVVD/)?W+
MZG$"B*!/\BM#AZW-O1*DM)10>T:FCC+`X'IL0UM=WG["/XP+>=1P,J.0WMZ0
MM:QZ_2I%A;V,Q.N@\6KS'3=6EEU+R6SLJJ34!(.WM$+">!*:HJ-B10Z99"K$
M7!(]H/V$:'Z>E2$G.U3+&1NZ6!\?/R_A]E3,BXPYEM8;>ZS$V"&68U6DK;>C
M):80ZR925(=0$OH6XE*@I*:T!%=6DV7BY.'%')N7*B"A;BX*@`$;A8C4%@""
M!<V-08L7(@RI9(65L>0DFQU!))O8W!ZV)%B?$5?=KSF)G.$3L4ODMMR[>[L1
MHBY22TZJ0T8[-MFHE(06W'E2@"M)',:JJJAUUS"[PC[H[5RNWN7R%?-"*J%A
M8AEVK$X<"Q.X:@BY%[M7.\GMI^!Y^#F>/@*XQ8E@IN"&N9$*G4:'0@VO;2K>
MN?Q+XCE/P6VSX?,LM=T;[E]J,TO+G;6]LMM*@.]M\\(O6:X?=EJ+;C<C'NXE
MN7<X"N920Q>)#20"V`<MA=S08W;'<W"S.ROD11J(MO219`S/NO86.\,.MFB"
MWVM:UR>"R'[DX'DXH@88Y'8R[OV2FU5*VO[R["I&ETEW6W+>@,8MDN\=H+O:
MH#+K\^Y=QK);X3#+3KKKTR>FR0X[3;+*''GG'79``0A*EJ)``)VU8\;&TGR@
MY[:#<\S"!]<<8_CJ'R^4F)\Q.,G<76/B)W('4A6D;3PUMIX5Z32V;Q9OA&^!
MM5^CNQX&3X-WJN6+RWE+>,Z/9.\5ZM-W9Z@9#<<PI#:4ML]13A2E:BA`3S+Z
MY\@>7P<A1V[OMR#P[@#I<QO(67PN=DBLOF%?^;7*?GMB97&02=SR?_I*26)%
MVL)%0!S:]AO4@Z:%D/[5<?\`?U?O&"L%@_R>16Y2E\P0$#W2XA*U+71"`5[`
MD@5VXZUG^HWCY<'LKC'VD$\C%;_E3^-8;_3IW-@=P]V<Q'!*K"/!D!MJ?[2'
MPZ^)O[0;]*KC%^@NPQ)S)==AW)A^1,9+H<6W=[<B6B]PXB?Y4*G624[+V!`5
M'CI&X21Y\X>**3!62-F./D0O*1>Y$L.Y<N-`/$PN,@:?BCB`N5%N[\EE-%S,
M^+,H$T3IL-K`Q2E1$SGI[N0@CM>^V20FP8@V!\,,>1*[F]X)+KID+/;_`#5Y
M^4A:4,/.C+;#(4]SKJRH/]!Q2$DU(2HC=(K=?*1II/F9ERY,@>>1WW,+D,QR
M8R2/,,02/MZ+5+\Y3'%\N^-6%=D4<D6T:`J!CR6']&P(!\^G5M-%[5VE%SNW
M<*`]TE>]-.]%06AU#<EJZ*?B.E:2XRHLR6D+*03L*'B1JR^4_;J=S\M\P^)(
M'K/AR-$=#ME3(1XCY6#J`?-21XU$^;/<K=K<1V%S`)$*Y\:R#47C>"19!X'\
M!)&G4`U?W:MU_(^U7<W!2RD3L=LU^R*!'>4RE<1[&K=(1?H+"'G$L@S\,FB0
M^X[^K#.,"JD@^WHNTN7;#[?[AQ,A2@.!F84JG:-DJ12/CEKG5F0M`+W`$&MK
MZTO=W$+G\WVYFXS!RN=B9<3"YWQM*BSA;=`I`E)&I,VER-#8;8%,?!_*:2DM
MR8O?_(+CTRTMA[W./@-FM\Y(8?2B:A]F/UUL[N(]Z:;`(=:6-8CL3MZ7D>"[
MHR80?7PD$Q`W`^F#LFTZDI$S2IH2)(TVC=N%:GO;N:'BNX^U,?)(&/G.8!?:
M1ZA&^'7H`\BK$W2Z.U_=*UI-^R"X62WXSW%AMLRKOB4M#<]JJ5,.ER5$5'D;
M`E2(^16^#+:K0%JIX$Z[#W[F9'+]@\!WZL:R<E@[\/,7P.\JH<^-ER4QYX_"
MTBGH:XYV'B0<'\Q>Y_ES)(T?&\@JYN$WB`JLQ10>A,#3PR>-X6'459O:JUG&
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M0X5(U-]`H+*K.V\^^=JBYL!6KC"H.'=Q>X5^QRZ6VR8H[9;E?L19N$3)9K-X
MLU^NF&72Q8Q:9%J@7.XF[-0,CCI<YF7D,B.OK4*DJUF^Q^0R.R^X,[GL;'QI
M<48;-MF21XV21\<JH,89U:[)9@CA38,H#7&F[UXY>^^V,#MZ;(S(\Q\Q8V?&
MDCBE22)<A7)]0JC+[C[D+IN6Y5KC:=5MEPF93@W=3`7&5PEW*`CN3B-M+*G6
M[F,3>O5WDJ9<=*6HT&%B-TR><M:E!?/`91R\Z$@9[/Y*3FH>;@$$<*R^I+'%
MK;TB\F0!&6M[JEIR+ZV"@#<JBM;A8$7!R\%D>O),\7IP2RD@MZ@2.#=);3<Y
M6!3;3<[&]F8GI7N<VW9,@M%R*G'RUA>`6&XMM$./I6YVQQMQ(4XZX'76WYMJ
M]W!2>FMQ]*234:[,F"W"\)VKS;M&^;Z10*2KNNUO5B)5MP56>)H;$*'$Q4@@
MDCE3<A'SW.=U\"(,A,%)$+L%:*-RR>G*JR(%9W6.42%E+&(Q!@5*J#17;4WG
M$Q>\OA'GO-G[GVIR.XTTIJ&Y`1:+@Z\TXLMADLI,F.YS*JA*F`DJ"%J4.=]M
M8?+19'-\O'$\V7'E`-L0B,+(""SOHD:J[1LK'W0R*+A22-YW/D\3+A<7PLDJ
M18D^.1&'DO*S)JJQH2SRN45PP'O%2S:L+&V[-.M>*_$+W!DVVX3'L39PVQW.
MWI*Y,&0]AV<Y+@UL8B2.M(=7&N$BQ968SC:"KI+4Y79)4+@\I/G_`#!S6R<U
MVGDA1=VXW!?TT3<[GW&+%0+[2A.NVVE&.*Q</Y>X,>)@+%#&[LJ!18%-\C!8
MT'OJMFZ!@UM+WKI3L#GF4H[JW_L;WU[F7K/OAWMN*7UZ3C.5W.3,9;E6VUS8
MUHRBP2&69%ZA9"S#DARWS(SRI2G'$IJZEPM.ED\')Q'=6,L'<!E]/&BEBF#!
M98I&M(=KVO=%_&7)W*'#"Q()8/-CG^T\E\KMST8I<B:&3'=2T4T:DQ@,FBE9
M&_!M`VDJ4:XO4/WA['6;"/?LG[9=R\0[Q=L^A#N<>_8K?[/=LBQFW7>9'A6M
MKN!8+3(>DV3JS)\:,W<BVBVS)$AEM"VY#HBI])=@_-:'E\K%[<[DFB3FY+"&
M92OHY-P2MB#MCE91<)^&34Q:^Z/(WS,^3+\'AYO=G:D<S]OQ@M+CL'.1B6(#
M$@C?+`C$;I#[\8TFT]X\_*ART0FYZH[ON*WWHZ)7*KH&2TTT\Y&ZE.0OML2$
M*4FM0%`Z[6)H6R&QO4'Q(4-MTOM)(W6ZVW`B]O97GUL7*CXV/D3CL>.+LOJ"
M^T.%W>F3TW["&*DW\1>QI-FI4OEH2/$[[\*U&YW&CE4`*3TI6%*SO.J$%@/&
MW7IU'A<?JK(*T;4KS`$;$TK^]-!L=%M5M;]*6LLL(``N6L;6O[;'R/Z:T"E7
M,%'@HT.Q2:>GP`IXZ*XL1XBC*OO61OPL3<V*GZ_(>W3VTJ`4[\*;;TH=_#C4
MT.D$;JEHQB)/@--2"#_+0!]H[G:E=]J"A\.&B*Z"U*24>HY8FVE]=-`/+P_3
M6@'".&^Y'@:_77QT#&#1KENI)`N+GV_?2@<4!4@BE#PX"GB0*;:;],$V!%2A
MFNJAV1@>OU>TC3[*.'2:UX#RW_1X#23':I29Q(()-@/NZ^'E2J7:4/,/IY^O
M331@W!%6$6>%VN''ZOI^FEP]Z#]GU>.F#"/JJTCSVL+J;W\J-U?IX:3Z`'4:
M4^>2D)T;7]/T^RC!T>@#TGU?=ILXR^6M/IRDO3>`/]E`N>JI&C$`-M-!0/(N
MH8W&XT7J_P#A?@\OIM]VC]%?,?CIGX]_YC_V%NGW]>GMZ5__U/FV*"IH.`&E
M>0[;!8`-`>`"D;T\P=.$;D!\11*?1R60GW'U'Z?3>D--U,I1(<I5(52GAY>.
MWB-&+V]E))2]B1>BU!4*^8K0`'T[#;0ZT=K`VJ49N+\1I^.QT'&9+0!1)8:E
M):/.%=:*F0AQ$>1[-.HD!8%0"*G2F&M@:8&UAN(/TC^36HY2E%2E.<_.HDJ6
M25%:CN22H[DG>M=%TZ]:=V@@!2+5BIK5-#Z.-3X^RJO-6OIT6OA0LMK,/K_E
M%'2K<&G34%'G*178BO\`)J(2*4\P-&"1TI#J.O46T\_MIX6VUA'*M+O.0@=&
MJG0I7*:*CN<CW,`K<HYD5&Q.E7'B*:LRDF]OIZ?:-/MM27150E/*Z!S[H(*@
M$FA44D!Q`%.)`T9`\#0$C`#>FGLH/+;6VCIL=)P?RBDK6I+B0TR@*"%A:DNJ
M6A2UJ"^4E=`E(`&ER,K(H6*T@ZV)((L!T-[&X))O;6P``HHD"NS>H"AZ"UK$
MDG7IX$`:7TU))H\"X3;9(3)@/EEY(2"0E*T.("TKZ;S3B5-/-EQM)*5I(-!I
M>+EY.#,)L67;(+>T'6]B#H1<#0BU'D8T&7&8\F.Z?>/:"-1H>H-'>G";/<E2
MFVF/>'0Y($9D(:!73JN(92:)YE>U1)`K6E-+DRQD9$DTL:J7:YVBRZ];+T%S
MKII?I3'P31PK'#(6"K8;CKI^'WO8--?"K8Q+,W\4Q%#UO<#DNV=QK!D,;E+7
MM+M"H-QC.M@J$ME?7M*1S+1TRE5![0--K@<[)B=C9W%HP9&Y2*6WNF^Q%(/\
M\?@MJ-I!M^(5C>8[?3DN?7(.Z*=N*G@#"_N^KO'3\!L7N+$&X\C2D#N7W=R/
M'L*PZ1F5\G89VS1=8.$VRYSI#]EPQ.1SKUD5UAV5DD(@/9%<Y\M;B4$%]YVB
MB*)*:7A<OFXF]3C9&C2-Q^\&FUBD@`W?SG4R*!?7IX"UQS.%Q$D7H\BN_<A&
MSKN4,AZ&XVH0A)MX7UOKU5\2G<5/<+MG@DN+B6(XR_B6(XQC$N[8G:%VX9@[
M&>O$A&87Q+SUP0,BGQ+JW'=?2XTE26D)%%$<WK3YR0[/DUV]E#GI^1;*Y"#(
M$LI!VB3%<%8P+B..X+!"Q*LS#<20*\*_Z>>-EXWYX=ZX)X&'C<;%P,C']*($
M"0IF+()9CIZLQ5U1I%559(T.P`&J7P2$[:L?M;T=M:S/M2LP@I*ZK7<\?N"X
M>00QSGG2F7:GHKY3N"F,X2``3KDW#<;D<#P/;O+P)=,C';/BOK>3%G>'+A!\
M`\!BE8="(R*]#=P<IB<MSO-X<S6EPLI,*;;X09N/%)!*1T)6;?&IU(.HZU>_
MPQ8TF+F'>"[LLF/!=[39Y*A=2&L.NQ)5[;+(20C\F?:;<@H2NI2_U6RVA//!
ME\K_`,KX,=?F<#AH1BO,^P&X/I_$*5!(TOM"]+:V'57J-\VYIQ\L9/C)0V5#
M''O(L07&.X8@-X%BQ%R=+L#9DJF^UK+D#,LW2\M:N91+94LN`L_F,I#/(OJ.
MH<:+:!RJ0IQM2:<JU"E-S_IWA?\`S[WBMO\`Y9_L^)6UOY"1[2*Y_P#ZF,V*
M#Y==GRL0!\;&.GB<:2_3^,`W\`36RC+E=GNZ\#-^@J19KRRU-F1@T'6Y<^T(
M]VN]J?2>4I@Y'B\M^$]0\SB)3H%*5$+YR<6O9W>V?FRPG\BYN#U=!<+D0D"5
M1Y%E))/6TVFHN+#Y&<]_G?L#'XY,@?GO"R^D;FQ,$@+0.?$@-[H'0F`DZ&Q[
MSS7L[C?;;X;L>O6.YW@N36G,.Z]PR#&;9CN5V:[71W"[CC"(UIR*=CT6YW&;
M9T/2+8J*ZEP-.MK;0T^RAQ'4>T_^G[&@3F.X<(8S-A38I*L5_=R*60$`AF#>
MZUC<]--2"3C?]3&9*.W^V>1&6B\A!EC<N[]Y&VV1E:Q"E?>46VBX)OHMK<'7
M9]"HN18O-4TA$BQ7:);&2$<I2F%/E6PH06U$O.1G5-,BG.#:UD$!*:1.8:+M
M/'^:/8.:P7%R<%VQ[]-T2B2`J#INDQR$']/!?QUJUX,3=^/\F_F5QJLV;A9R
MQY5NOIR[H\@-;7;%DC>;]$S5O8:5M/8?XN+'C/::]=G,P[7VW)KE<;<]B%C[
ME*NMTM]QP_#[EE(S.5#D,QW1#EQH64]:0CKH<ZGO0YJ>YQQKSQVCW(N/D\;C
MSO)'+'.-DJE0J7;>K.2A8+')[YLP!%KC37TQW/VUZL7)9$<<4V//`1)"P8M(
M`-K*@#["9(VV:I<:FYW>[3&3WC%[KG,%,VXPUVRY8A+M4F>VZS)B6]Y]R;(Z
MA<:<<<5/A.LM*;2GE4'%(6#L-=5[_P"Y>VN].^N(Y#+RE3B\CA!%*X-Q!/:9
MA^&Y+1RB,@#J"IU!M7(?EGV=W5\O^PN;X;%Q]_*0\\98`UQZV.7QQ<EAH'A]
M16ZV((-NM1".]5XNW;VU=OLGB69_^B:KP[C]_5'Y;]/:N%^L=Y9M-QDFJ)<*
MWO092H_6Y>1,@H5S`-\G&\/F<M\+(P,X#2%E5KDECZL<@!!)``*FQL/`'QOV
MR?@L2'-CS>/&CS*[K8`*?2>-B"`";@BX);6Y'A;9)O?5Z-<<7O.)A#EXL2X,
M(VZ]06!:W[(J;;;[<+6$PY*W46^;<+26'VT*2'8MPDH`_7.'6AYON/B\KB^'
M_*^/$?+8S[9"554D@98V*$JQ/N2I)8G4QY#+T%9O@^U>2Q>4YN3E,\R\7DJK
M1J"6>.=&E7U!N4#WXI(@1:P?'5KW:N\<SQ+M?WHP7).]5NRO&>V?>F\W%:%]
MEIKV5S<%>Q^P8Y8H6!W/"LJ3;I$:UW;KVQ+;T6Y..-NOMI6MUAH\PU?%<)S$
M>+F\A^6--%-#N2\I;;*IW1,I6ZFSJAV.@#`;2Z&UZ_ELN^1BXPG]/9,`^V'\
M43:2*4)#"ZEQO5B4/O!'6XJJ>RRL'R/"9F+YIA7<FV9%<[_=TSF+9:X_N2+!
M(@>X6MJU3YSX=-RBPPAI#;K("T-K4DJ(');]IR39.'S/$YO&28.7EQ2)>96`
M`/NJJZ`Z16%^OND@:56]U8J8F1PW*197Q.-BRHY](J;FQW,PUZN2?*[`$CK3
M;$+0[D>+=T2D0V\BP'`8_;BZVU?N[M\0F)W`QF\VYV)C[KOYE<0EZ1<&$=)E
M?28BI2I24A(5$[?P<)LKN+&E<0SX^(\4H">J0R1R,=&=5/OJRH=6T7;<V!A=
MPYF:(>`G@438V5FQS(SRF(;7=$ON5':X5E=@`%-VW%02PE,&F9$_>+OW=1'C
M1G<:[8VRVSX<U+2;I$G8UG&$VF&)K;KXCM-.8VN*@\R1(+H(7RKYSIG!E;+[
MA@Y-L23\O&-?8P'JE$!8[22%]V-2X8_B"G<02PIZ6$XW;'*\=!EQ#-2<`.I)
MB#3-MCN`"VLIV$#\)8;;C::WGX:<JQ_M%W9[OC$,>@W"QY3V\FV.X6E-N1=(
M608\^B+DDG%9$2],2$W-.2P;.B&N$L!+TQQ`/+L0]C\;V]'RW-8V!QCO%Z,9
MV6W,6`LP7I[V]@5.C!EZ@DFH&?F]R2\/Q69E\E'#/Z[C=^%%4N"I<:G;M5E<
M7*%6.A``K:<CB83F_:6^]Q.P5NSV-VBL/<8VC/K%EP:,W`\HND"%"QUI]2)]
MQE7G%'9*'XD&[OJ#R9+[,284R765S.L_++OS%YONCCXNX<V7\VQD?$Q,AP4,
MJ[KOC9)/N&9K(8F_%(8CJ)#9N,?-7LS+[9^7W<7']K\/">W>0GCSL_'C(D6"
M1$M#F8@4!Q#$&F65;;(UG!*^BMUYWCMKW*!5+E4I4"`$@5%:$@E7U4UZIF9+
MC=U&MO.O$7'B<JS0BZ/H&T%@-+V)N3X]+6\:6`'M-I=/4)]HT]HE(H=B`D;:
M:(.C-'[E6*2K^\ACRF^()U-M20+'R'2CK"RDT'M!(JA50%$@>SS[@;GTZ2-H
M.I]V_7^2G99)70V'[S:+J>A)\-W0:^(O6$>TE2N5/,"2I(-:+`!()-.!^K08
M691<V_BHH)]\<K[5WW-P#>S6UO<#]72QI$=4A04WR*]J@]DES<^R5?O2D>G?
M2R([BS77^"F1+E,K"6'9(0;=/>U.E_"PU`OK]1I!3I;3TUH4E9-4D\I'+PXC
M<$T.EB(.=RM=:C-G-CQ^A-"RS=020=/JUUL?;XT9#JE!*&T>T=C0@\_C^^V%
M*5TEH@"69O=%.PYKRK'#CP_O3[19O&^N@MUM3Y:.5`IL2?:^L<":J^[487)]
ME7LB>E$"#9O'[/K^ZL=,(3S*('`UJ:`5\#MYZ(L6-@-:-(E@3U'86T-_`:^!
M]M*`G;CX5H*U&FMO6K`9##8+GP\*%5;[;\13R].VAMZ4KXEB6]T;AT_ET_@O
M6>97`C>M?'])`\3HBOV4XN4Q"J1[P/A?[K@5@+J-Z@@TX4)WI]>AL(-)&8&B
MUO<6'3KK;QK.WF?P\OAQ_@\=1]?(?VOZ&IFY?YY_])[/ZM?_U?G&M*4R'S!7
MPFIZ3?G[S0]`))_"7%'DK_&\M.(;$@]#0RH]RB0?B4_I]E,W6!&=6AU))0JG
M*2FI%:@D`FE4T.CV*NK&B6>24V1/IUZ?3Y?PFD%.*((KL=SZ?W-N&D$WZ=*D
MHA4>\;M14_B'$;C<<1Z1PX:2/"E-^$Z>%*OM*8*6E<4I!X@[+`6-Q7^%PTY)
MUIC'OM-^MZ1"B.!^KP/U:;J00#1N9!_$FA\T\/#]Z=M'<>(I-F'0_;2R$DI*
M@IM2$D(*5K2E92KQ"20N@IN1PTH>PTT2`3N4AON_3Z:6#<59%5+857E42"\R
M%4I524T?0E*MS0+-.`T"MJ+U"18D;3]1_5_!2R6ICJ5$?VZVVR%%UL]=<=IL
MA"%+5M(B-(60!S\B17A0Z3TZTKW/V1M/Z?4?OK:[O87L=LENGR+B%S;OS$QF
M@F3%DH;42HF2"N/+1$Y@"X@N)4M?*DD`G28Y26-KBWZ?327C5M``0?N_BK35
MNH6I*PRAAP>TI3*E!%10I*4J)Z9J*^R0!X`:D;KD&]F'C3:J5NHU0^'\GEUI
M1UXNM])Q#2SS+6'^1(D*4M2"HN/"BWA[.W.54J:<=+EE:1%5U4V).ZWO&]NK
M=3T\2?90CC$;EE<C3\/AIY#H/J`IF&RD*6%I244HDE04JII[)"2G8&IJ1MPK
MID(=K,'%Q]I^C^6U/^J-RH4.OZ?I:];%8\A%LBW:#+CO28=WB",[T9*F5M.L
MK2_&?Z:DN1Y`:?0DE*T^D$'?5MQ?*IA0YV//`SPSQ[=&VE6!W*UM5:QMH1TZ
M$&JWD>+.9)BS12A98GOJ+@@BQ%]"+CQ!^D&K!9[A1Y>'.8@\B4Z\N>S(MKK;
M`4TRRXW^MMB4(=3*C\LQYT-+8)JTOIJ!;YFU;&;OF;,[.A[0FDE>%,P31W)*
MH"C`QJM[J`[N5V:$&Q!TK$+V+BX?=<_=T&+$F:^(896%@TEF4AV:UG]U$!WB
MXL-I%7)CLI2NUUBG6I;3MWQ5IR[(B)6DJ6VW)N<2Y6^2@46&[C:7Y#)20`KJ
M).^VN[<3R7&<C\F^#BQBI[@X4G)5=#O5IIUFA:WO*)(6<%6`4GT]26`K@'-<
M/RW%_.GFY\HD]M<_&,9R+J8F2&#TIO>]UBDRKM*L6`+^[92:Z@[%=Q>QV,]H
M>[C67Y#E5E[GY)C=VQ[M7C,+&Y]SM62?G0D/V2[7^YR\D:CPJ7XMQV^A;GC%
M:ZRNLV9+C4WE_;'<>-QW*R9O&94<$ZQS)"TAEWERX]"P"NFI(N3M`)>Y]YB=
MUW1Q\?*<"N#R43Y>+'D0_%"/X?TXUA6\[2-))$P_='<;78J@L/=`.MXCV.SZ
M^V_N3W7L>*W1W%\8LV-Y)W`FB'<$/8NO+;ET88N[-QB0YBI)N<A<=XUF+ZZ?
M:D/I*'G.L?)+E^-[<[GYGE.<G7&^,P7(60.K-)ZGK,BW078(K$CWB=`&8]>"
M?/GDL?YB]O<%VUV-E+RKX7*1>I)BO'/'%$T;8R.[1R,`&ED55U4"S$A0K6K3
M)+!9^Y5N9Q]=V:L<=4Z+*&0W-AYM%O=9<+#CC=GZ:+E*4N,Z\E//[LT0JO4V
MIJU^;7<?$_,OB8^#XU%CABF65,B4-'L8;E8;"IE*LC'0HB[@IW&UJV_R-^6/
M/_++/F[BY:9FRYH#$^.A1E93L8'<IV!D=38[W.QF&T7)-C6WLHSVVQVW7VRC
M-;[$NK";-`RS-(UK[?X).Y#(ND>/C$J[S6K9D-T6\\ZI#$:=+F*2I7(W[2QK
ME_;F7'\NQ+G<3SK9&<\'H,R*!$JLVZVYCL9MP%@S%A;1178.X^"QN_W@P>=X
M!(\!)Q.@8WD+J-MP``ZC:2"4`!!L6(-JYISYRYR+HE-S6\I$=81<E1+3>EQK
M2`RX6&KF_>XMDC1%N(G+#7+U&U>\'E40I5<;W1W-R?/9$F?G^K,`55V8,RBP
M?8IT$:V#N$`TLS`:$UK.![>X?MV&+C.+PHL?\15;@,2=I=M27))52Y.I(!;4
M`UM%OP?MI_1NXW.X,3I4RT3XS"%3[U,9@7!J\QK8]8WK="QNU1[BEHDST.!#
MDE2EM-TY4DJU18:P.L^1FX[O"H`148)<MTM96)%ST`)/AT-KC)D?U$@AR463
M4LQ!<`#Z"->OB+&U^NM88G;IL+-K<W*Q>RNQFY-&+7-MD&^-ID/PGYL!B<B_
MKN4%!DM,+*43*AT-J')S`I$?CL?(EYC'PVPT+LU@CNJ#47&]W(51;4EB`;'2
M^E,9TL,7&SY;Y<HQT0DO&C.VFGN(@+L2=`%!.HJ[+OG>98OBUPN&'9%+L%TE
M72?;[M#QZ3`Q_'<?MCDC]=:[5'LGY4RQ!5)?8#G*TM#JEMDCD0E6K+..5Q<N
M?'BB(7D-]I#*EB!9'TW6)L#KN!N;VO4#&7%S\;"?*DE8F($!Q9VT8C>G[)(%
MR-+$6T.E;+CGQ'=]^WMF<@8AE>4XJ[?[:[U+VV($>Z7*5&A*O#L.UR(Q=OKT
M:7)0SU5!26G(S;C("TK6#?9F/R&!BX<L_'Y$*S1LR23HFUY$C,C>DO5E(*>]
M^$"]@20:H<&;C,_+Y"'&Y/'EDA=5=(7;=&CN$'JL-%:ZR#;U.E]`16RROB+[
MB1<X+&:7.3D4*UWV_P!ALF+Y/"%X9F*L=SZ<6TM,2X\R6B*[UF6@X4I4Z\XN
MI4H:LL+N',3,V9^4\6-+).D?N@EGB'NKT9[$[%#`7+,;M[FE=E\+"V,LW&PB
M3+CC@9[,PLLA`8_B5;JNYBI/11[MV`-D6KXCF+_9+U%R7M!VUDW._*FI0N'B
MF-8S,L\*UQ8,Q,&&W"MS5Q2E*KVE$EQM2)!Z2#5?MERYP^>SLO%E>+=)F11/
M(5>2P,:1H[+M9B9"`X.T`V)8A;7:H.5AR<?.L9SF3$DD15*J6(D=V53<"R`D
M$7)%P%!:_NT_LS7PSJO>.Y`+3D':UFY66<AG/8#PN=P7E[4,Q'+,+/(M#-]8
MC1)"BZ7B?>'H;S);4"XM*2X7D\2#/Q^;3'QL7+"'9(44&4D;&35"K,%+$%PI
M/ND$WM3O,Q2YW'3\-EK+F8;.`Z1N4,>WWU>Z.K!2RJ"$W:DA@%N:L9GX9^[U
MGLF=1\'R/M=W>QSNQBJ<B7#LTN-D'<[%8EN?>R1J_0<79O<?)G6[BN.\)<$-
M2ER4"BFTEGJ-#XK,;F,C,P\^$Q9(92)869(Q,&5VL-X9+S%K!0P++L\J;.-Q
MLG")AMC3I)!L(6.98Y)3`RNB>I=+-^Y">\X5EW+)H21S!@5UFVJ+E=VM+J/\
MXF(WRSMSVY[<*T7A=DM=T7<W;K-9F&-=Y>.07"MA8:2ZJ.AM'/12TE3G$9++
MG<Q+!-ZG<:SHK2E54>F[[&D<2*'$.Z06?9>.T<EU*W$7E^-67CN,Q,S',/!-
M`SB+<S,'C3U!&GIL5>4+&28PY60&1`KJUCT+V'[_`.8_#K:.\\7$[%B63V:^
M7FX&+AF?6QV7C_</!;HXJ'+MERA.EOWJS7:PY5&?7^\4A#R%$\RB(T&)D\EQ
M7,F81EQD'TT8^D7N\C;XSU%FN0P&Q64@FYL0V=#QO+\-#"KA7QOWCJIE5"$C
M7TY>JD;18J3O(8,`5!(B^Z^`&%`QKN5BD"-&PS,;)9);MLMCIFM83DDBTLR+
MKB4N3SORI$=N4V^[;I<IQR3*B((?<7)9>4?5ORR[KRY<;$[9[IF9N7*;H97:
MYG2V[8Q-@9XT_$%TD0&5182;?"?SG[/QL3D^0[N[-A2/BD?T\G'B0`8S@[!(
MB)>V/,^JN_O1RL(W:[1EJ+<:?)!(*5)J"0"E6QWK3@==C7TP"!J#7GZ:3,9T
M=])`#T!!'G?V_ITI(!Y(4`#1=`JHW&VU/+CI95"5UU%,IE9*+(J@V86/B?Y.
MM*)6\!L/:">4$?AY*&M0-BHD\=(,:DZGW;W]M_U5*7D9U71?WP7;I^';[1>V
MZ_C2852H<#BB*!)"N!!/@3]FE%#H4VVII,M5W+E+(6%K6/0W\OX/Y:,H*=42
M:4;3RA?[U00=@2!3F/-I(M&H\R>GTU(:5LN5B;;(UMN\"%Z"XTN;_?3AIF.L
M-$I<YE@J4M*@$I()%5>(W'ITQ))*#(`18>'G5OAQ8,B8C,LA9P26!T!&FOEK
M]-27*GDH-ZB@H0:[;`&O$ZAW.ZYK4;H_2"CWA:P]OEKIK]=$*$],\P4@<A20
MI>X!IQ756^W&NE`G<+6)OY4@E/AV]7=&FTC5M1?S:Y^V^FM`&@W'@:T%*F@.
MU*;>6B*WZ5(290+-^+V"U]`=.GU5E.^Y"J<:$4'HXC1%0/$7I:2!_>(8+Y$6
M_A_3SK`%14\R2"=JI(!%17Q%:_9H$6Z6-!2KJ"2003I<&QZ>T7_@H?ODCE4=
MC15*@;"H.VQ.A;KK2=RAT7:3IU\OI^FLT3_%_E>3\/[[RX?B]'W:C6/D?QW^
MK]53MZ^:_P!EMZ?M>73K[*__UOF]CLK6V]):<0VN)TW0@+(>6>>G.VD#@UQ)
MV`^L:=5-RLPM[OVTN1PCI$]R')%[:#V7]OA>];?D#<28Q;KVPPB2;E##LY$=
MY:9424TLLR:H4'THCF2#RJ4C@4@$5&G$LP),):WB+W_@(M]7UU%&Y&*>OM^F
MUB?M!N18Z'STK4Y;<'IH=AJF5)(>9DL-I#1HDCED-.*2\%5/%#9'D="9(MH>
M$/;QN.GU@F_V"GX))A(T<S(3X6;_`/=(!'VM]-,6_P`:`5<@*D^W0GDW`YJ#
M<TU''45)875M+Z5L^7PS"N:&J-`&+&51!3SBK#=>HD$E._"HWW^HV\*2@VO*
M/:/X!6JZ33E#0H4=!HK[CZCY^K1CK2'%U]HU'TU+QE/M1GGV**0TL*?96RV^
MPI*P$AU3+R%ME22:5(TXQM8&HJ(&OMZ_K^BDN82W&E1XPC.D*00PXYR+<*_8
M6$+6I;=5.`;'E\J4.DBWC2B&0A001IX4BM*W$JZCB2XVLAQM:@'$N<P0H@JH
MIP^SN:J.V^A8=`:`=EL2A`MX=/U#[J;<I%>4D*V'I'F-M]]`J13JR*_6Q%$J
MI/$4\R-JT/C38Z*Y'2EV5O'2E054KRDCU4H"36G$<!X4TH$Z&U-EHP=ID%_(
MFG#,E;27&DI2MITI4XTZRA:"6ZE"J*25)6D*-%)(-"16AIIV*=HPZ@`HW4$`
M].AUZ'VC7PIMX4<JVZSKT()'U?1[#I[*;=)02L\JJ`!0Y4\P`YJ57XH`%=_/
M37IMM+`&WL_C\J>]1=RJ2+^W^+SK:+5EU\M326$."7$CA`:Y^<.QDM..+0F-
M/CEN6PT'9!5T^?I*4JI2335QB<]R6)$D(DWP);;>]UL20%=;.HNQ.W=M)-R+
MV-4F?P/&<B69X]DS]>EFN+'<ANI-A;=;=86O;2IG#\[NV&Y':K]BLCHW&$9K
M41B[18EVB-/7>&[`?<5$F(5;Y/3ZB5M]1KE2ZA"E)4$TTC!SFQ,F#(Q)+3*3
M8-8ZD6O_`#3;J+BU^H-4/=G97$]W<)G\#W'QZY'&3^GO"W7<(9!(HN+NMV74
MJVX#\+*;$7IBF7=R,KFWVTJOLF++G1.E?GI-P>=7*@LST>Z17>D)0CL"4M98
MC!IUEI(5RI0DBO1^V!W)S\^1Q7#QH,@J/4+L%TWA5&IN?>?W44-8;B%`!-8W
MDN.[&[,P,/./!018L#.T?HPC=O,1+ONL/?9(P'E=MSD(K,S$"INS=LKFU.;?
MO&3NL,J6L+>@-R+A<6D+4HA414QRVQF)*6E@(<0@*222.)UUSAO]/?>_,1C(
MY'N3#AQV&A1FR"0?(`*@TOKNN*XUW-_JJ[)X*1L/$[=Y&?-5K%9%&,JGKJ&W
M2'P_\NQOUKHB_A%P[6]I<(N=_P`IR7%;(WFV265"LGF1'9%YN^0KQ:1.N*XB
M2AYRUQ<05";1RH=0RE"2Z4)Y5+[#^3W']Z2Y^!G\W.,/CAM+QVW/(TL\8!W`
MZ1B)]+W&Y;&Q-T_-KY[<C\N..X#D>*XB)^1Y9BZI)^!8DBA=S[MCN<S1V-K6
M#:7M:N(.`]N[0B1+G]NXV4+>C2EPV+[E>=1([;J@X4*2O&LDQZ06TRJ*IU"G
MF2:@[UWW,?Z;NS./X+F<R+/SI\_'Q99(]\BA-Z(SJ"%4':2+'WO&]ZXOV[_J
MV[^YSNKMWBI,#`QN-R\Z"&39&7<+)(L;,&<L"5W7`"^!!JR<-Q[&GNUV>7"\
MXQ:+A)C9+V^Q]F*N3>6RBSLVW-VH,.+<D7#\Y;9ML:RI2V52NMR.E*U.`(Y,
M+V1\J>&YKDXN$YB64?\`3S.6C:QM%)'%&!O#>[[S^!.H%Q85VKYE?-_G.U>U
M\CN7@8(GE^+QX@LH]V\L4TTI8)MLQVQW%[:$@:FDHEQP#';Q87,7[0VJRF3"
MO./Y:^WW`[JSI&5V.\VB<EZRS6;MFD^TL6II^WLO=-N('`\E"PX"VFEMR/R)
MXK#[YXCC,3DYQPL\0#EC>0%HLM["VT%?^F0&^OOZ6M66X;_4CS?(_+3G^X<O
MA,8\]BRL%5;K$X67!C+$L2P/_6,PMH?3-SK0R/MYVWE=J(-V5_36(PSGN90[
M;8++<+)+@L7BVVK!+I-BWA>3VBXMW.U-V_*X3JT%*U*]H.<W,BF.[@^5T?\`
M_P!1QW#<A--^2SP*58+J<HFQNUQ91M9AT(W=2M=$[>^;TDV)V)R/,8,&.W<&
M/E,+,WNC#4%OPD-=B652!<'8--U6;D'8'LK/L+>7]M.^,>>YC>$VZ^WO`NYL
M!W`<F-S@6-Q&06_#+A`LDG"\GD*]Y?C0F5RX4A]I0`2%$`Q^8^7W>_!<;^9\
MCQS97'+&"LD,BGTHPA&Z1``=(F8.S+95+>]I>I';OS1[`[CY5N'X[EAC<L96
M7TYHV7UI#(/=B=B5-Y`"BJQ9F"^[K:M0^)GX9\F[>XQ(S&\V-A.#Y-D^9RF.
MX##HN%I5T\GO$)RW2Y6-094J$J*^A3S3<DH1-,=*V`HBFL=R&;BS<*>+S..6
M'(BDD=Y7$:[@[.0@9(R[%`P<(TI!9`-I?:HZ#A<?EX_,_F6-R)EQ9(XT2-3(
MUBH0%MK2;%W%2C.L((5R=P4.S<\WJQL1>VN"9#;YBK>S":OT%^W-.2[<F6^N
M#8S"E7,-K;N;EE1!CN+2J0D%Q#*4I*TJ'*Y#"J<!@\UA9#Q+'')`R*Q0R,47
M^TL0YAV!]P(]X1JIOO%FIY]_.Y/#9F,LS.T<RLRAQ&JN;;+@H)1(4V$$6+LP
M(,9N6P9)D^,8#?X$6;B=X8E06+9*1>;%9[K9++%OTUAZ?<VT9J7EMW5F+CZT
M+FL)1+1LE!Z6^HD)R5X67&80F:,*0;+L17903(9B-VT!A[MRKV/36ILB8QY.
M*=3*L3L01=MS%5N!&(1[MR1J;76XO>PJSXO=>UX+D$7+NW?<=QEHOP84K)K'
M%DKFV]YZ.RK^C[T5=KD1[G$80\I(::0_";`*$*4E)UJL?F>*Q(6Q3R<,>.TF
MQYHD$QN%!5192K@;SL(6R:C]FLL_&\EF&.8\1(^2J;TBD)BN-UF8[F#1D[07
M6]VT()#5V5D?=WM%\7646S#>ZN(XSB$^[V!BR8GGW;_`G[7=IF5+D8S'C7C/
M78\"4N]0Y'2E*6F2RB)`ZQ<;,/IAU+7,<7Q"[(UYB:<2)IO24,-4]T#:%_&U
M]54#TPQL3:IG%<OS1C(R>(AB5&("I)&0/Q>]<'</<6Q"LU]Y6S`7JF>\/9_,
M^R`Q/'\O>Q;*K%%G97@<?O#B=WA9;BEU@7V!&CB#=GHC[T2T9/A6/6PM,VPN
M-/I981R(Y$!2HV)EX4F(N#F.@RAO6-FB(!C8K(TCW(_LU!5%&I!!4BRBE<CA
M9*9+9_&PN^&=LCA9;L)ENJQ(`#;UF-W<G:+,"#=C5E=N!C_93-;PON/=KN<+
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MQ>5=L<LRLX`MOAEM8"6(G:X%MPLX4`V%6FV))I0'?>H]FA%2.'#SUO!EV%[^
M%<[/$`N5L#KXC37^+S^OVTFJUI\O.BJ`GSWV->'G7TZ6N6?/2FY.&74VU\[7
M]OZ#[Z2%G0YS)4""#P"0`.;;<)2D[C[:Z4<YD`(Z4W'V]#.71P0P/@`.OF`!
M^ATZT55J2$T'L"M:MIY:@>R/9H*G[M`9A+:BY]M._DB&*RL$4'JHM>VFHTU\
M_#I3==KWJ-@FIY0$[T)I2G$U&^^EC*%OIIMN(8-=38+K86\/X?;XTU,%Y&W*
M=ZD4.QYMZ$\255^@TX)8VU!J-\)E1$`@V^DZW]OF;]/XJ04VXVDI//0@@I_!
M3U4H=E?6?KTOW6-Q:_VTUZDL4;1MNV$6M?;;Z"->NI\3]=9`=!IR4J*T\AZ1
MM3S\..DD*?VJEI/*"`(R+ZV\OI'AY^'6]+B@310-33FV-:\.'F=,D&Y(JS3(
M78H<=>OG6`$@"FVY-32E223X\2=&2?&A&ZJ+!O'V=3<G[]?I/MK"@201QW``
M)W\`3M3TZ,:#4:4W),6.CV?6P!.OA_+I]IH_23_"_P#+*<#_`"O\#\'W\-1;
MMY>/LZ?;]W6I_P"Y_O/'^E_:?U?OZ5__U_#'ME9K;>\/G1)\&TOUO$U*'Y%H
MMKMP1SP;>#T[NB.Q>T-M@U2R)710HE00%*43U'LWMKCN;X;(ER2!.)F4&PZ;
M5\=&TN=`P'LK#=T\UG<9RL28Y;TO34V!-KW/AJNMO%;U'X7C9=O&4X,\S:Q>
M6FI$VR3;HQ;?:<@H4Z4)_,TEEYF7"4'@RKF"PDBA)UA,_$FX7E,G"E`WQ2$>
M\`01^RUF!!!%B+CQK3Q9*<I@8N9$6V2(+A2P(/B+K8@@W%Q36X8KE)6T_/LE
MN?;90A0>CO-QHZFBA:D)K-ZMFCAP(H&XX;YEK``YB*:7*[<YG9%/-QBF(J"'
M0V4@@D&[;HQ<6L%V]187J@Q^;XM7DBBS75[V*D7(.@-PEI#8WN7OTN3:M`O^
M.W*T7=J/+L\^RLW-?O-J;NB>BEV$N8[$#S$Q:O=I,9F2RXT7DK*.9M52"#3+
M<E@SX625DQ)(HWNR!Q8E;D:'HP!!6X)%P?&M/QO(8V=B!H\R.9T]URA\;7U7
M\2DJ0UB`;'RK?^X6'JLUT0PU<+8Y`,")*5*N4EUUQU;$5'588E.L&YA*"YRI
MC)*5KV4$*%%::Q89)D;<T2H"2=Q`Z>1`W'K^%3<GPTIW.ECQ,AE*S-(5%MMS
MU\2"=HM;\3"P'B!5:MP94]$AZ'9E!E#;CBG4!Y46.$J2"&GWEI'*%'E`<6ZL
MDT!KI:P39"NT&#[@!-Q?:OT$_9[Q8_72&FAQFB6?D/?)`L;;F^D"_P!/NA1I
M?I4/R(2`2M*E$5Y!SU2?`**DI221Y$ZAE0`#N!)\/+Z:FB0L2`A`'CY_1:]8
M4I2A^$4\.!.DF_E1J4!'O]:W?`H\:X7R/:YA`C78BU2"5)0E"9RA'0Z5**:*
M;><2KF/X0"=(F9A"S@>\HO\`9K]XH\95&;'&[6C<V^@-I?ZFU^NMSP[MW=?\
MYT7`IS#Z+O&R!^RNQDQW/>2KJMI9=;!H%1)C)+@H548ZBZ4H=,G*B.$<M6'I
M;+@_5^GUU(7%D'+I@.A]7U0I'M!M?[OLM5?Y_9UX]G.76)Q);<LV1WBV+0=B
MA<*>_'4G_P"26Z:5!)ZL,,HZ,H/VB]"6+T99H3^R[#["16J)4:BJC0['<[>G
M<T-!I\'VZ4PRW&@UI;V@*J`\A0TV/"A.XX4TNUP2148N%=$4L0>OC:WG3F*V
MM:@MICKA/.'$=(K2E"D<O,=^0$<U021[0&C4$_A%$VYP58V-NH/M^W[J;*;6
MVH@CD4.*%IY2-MAPIX?7I)4@T\K!AU-#F*%T%0K8A220!ML4\-^7;0#%&]TF
M_G24#21@R`=-10#M%%=2DGV2I)H:'\52/:WIX\=*$AO<G7S_`%T&B!`4BX\O
MU7TIPW[DL'K-N"J7/:86E!"ND$M;+2M"D(<`*A0*6"1S`[Z=4X[?VJ&UCJI\
M;6'@1:^I%KG744AOB%MZ3`]-&'MUUZWMH#>P\C6P8]>LAL,WHXS*=?\`S%QF
ML(1D2/?#$DN.PD+B+#P$ML^VWT5=1!60E52=6O%\MRG#3,.)RB8Y"I*D`AO3
M8LEU-[,.HVG<+D`ZFJWDL'B\_',G+PJGIJ??)MM#+9CNT]TC0[AMT!(T!J[L
M7[Z-6^S)@Y#%N4J[0PRPV5]%Q,U`;*%+<DNJCO0WU+4%++@>!'`C<:[=V=\\
M\W@.-3&SGR'SHMJC<0P=54@7<E64@D-M?U$-AH!I7$^^/D3P?=F2\J8N.,.0
M,;J+%2S!FLHNI+`;3)&8Y`"?>JW</[H9QG#$:T%W'[7C6)VBX8G8#)M=NODV
M'9;UF.<9B^S:)#@EVANXNY#ELYU4BCKR4\I9*0`K6B^7G-]Q<WRO.1\3SD?"
M<1D9PEDE0;Y9&:2=D1&W?#W]\A@;!E1652-V[%?-/M7@N-X#A'Y+MD]P<MA<
M:T$,4H`BC0)CK(S#:V0IM$-CJ"Z,Y#,+J1U#F'<.=F.!=O\`#'[-BT=KMK8+
MG:;?=[/C]JM&07Y$ZZSKP\[D]QMT>,N\RVWY?(TXZ"6V]JDE1/J##XB#AN"[
MA,/*Y>;//CR%S-(68L83J$LJQE_Q$*J[BVXWO<^('RLO-[H[1BRN'Q..Q<+.
MB*"*,`63*NP]7WFF6.P7<TDFQ5],$!-JU=@$F:_C>6L%N4S!O3W:>_+B.)`9
MCRO=^\R&U.)6CJ)E.Q90.U!RH(/A3E_RT_>=Z8W).71I>UX9`C>'K9DC$V\R
M$2_WWL*[]\X23V#R?%HB-'%WI+&676_HX"J+WOT+-]GG>EW8)_I%:8O0"NI"
MN%Q2YO\`JTVX,0B-ZIJXN^(IO7T<-=*Y/(=N^NWHUC)4X<\I;P'I$16MYGXK
M0CPO7(.$Q8(_EGW:DC@2?F&-&J^)$P$O4GSP]0?9]>Z9C&?C=BV'T*<<0UW/
M[M(:CM*45H<';SX=^JXEL$<O.'T5(W(;IQ`USOF\TP-\YYQ&S2"3CF]T>\?W
M:Z#SZ&_L-=:[;XZ.4?Z>,?U%$1BYI/>_#[S6U\M2+>%P/94'>(@CV&[*4!1F
MSS2?%0#4-TCE)]KFVUT#O.3TNP^Y8M;+QDX^R%A7,NP<82?,GM3(*B[<M`U^
MO_G@BQ^OSJZ\$[G=QNV=^F7W`,MO..2'+S=)*FHSHD6R<%SI24BY66X-RK/<
MVRR:<LB.ZFAV\-5F/Q/#]Q]J8\'(XD4T<L+[6L-R[V9@4<>\+7OH=?&X)%:'
M.Y;F^UN_<[(XO.F@,66@9-QVMZ:HA#H24:X4C5;CPL0"(2VN]N.ZV!Y"KNTB
M3AN3/]P>X&4L=U\'P7$+G.;;?8LR9MBN6#N6N/:YV/2Y]H,GHP1%>6^^XGGY
M''$J\WK\N?B^WNY.1X3+],X,L\?IE$.Z*,+(U@4/O'6X7:7'NDD,0?4>3\QI
M<'N'M3C>7Q/43D(H7W[G&V61C&H)#J0HN+%MP5M;`@$47W5[37+$\<L<MRZQ
M\@LE_:PZ9;;S9K%>5RB+IDO<&R1+3D,)@WZ3;KB^_$<4RU(?47'NBD+ZPVQ?
M*Y>>,#$P.>QEAD@CABW!'WR*99B?4T8_M.>@!,:;1?4[GA\3`.7GYG"YCSQ3
MRR2;"ZE8V$40`C_"`/<7Q8CU'N;&PT-R:^Q=+)=66K+>(]R.+)MUFR)K(DVA
MEJ+:LF:<2]:\?E6Z>E;Z'WGNDT`XRK<`$)I9YT4F=F<;/B08DCYD2"&%5=4C
M5=R@F.`7W%2SE=K'V$[0*W#,.#@<ACY,V8JXLCM-*SH[R,UB0LDYV[00JAMR
MBXM>VZMAPMW/I=LO&7V2W09]MPV\6^#=\JFV^1B=NMD+)2XBQO0F9$B'+M<=
M4R&Y&;5SEPK2FI*`=6_;W<_<4.;!C,F',(]T2S3J\2>F;%`&EVLB$*44N`3[
MJL2;"H?/=L<+D\;D9G_60WM(T4#+)()-=S,L0=7<%MS;-RC5E4:M7<_PT][L
M9LN/]P>VG?\`QM7=?LEDD.0MOM['>7"AHRXRHO/<V+DPZ\[:(T5XONNN](OI
MD(2ZRM#X*U:3ENU>X>XAR$\&/QXC61D;8J7)T]1?QC56+7+C=NN"U]#D^/[K
M[?[<FP(9<OD&G,*NI=I#<-<1D^X0=P"^ZFFTWV6U%>]T>Q-\_IEVMS%-SN%P
M[89MBTO%L([I9!*N5VL>'3<IQBZ/3;/EDV/&2_<+MCLQ^6&7^AS37$*6VPE_
MJM(SDTDF/D</Q^3B7YN*"6"%]S$.T@_%(IU]41@HA8E"Q5UMJ!I,)H<I><SH
M,LKP\D\<TB%0#&$M[L;_`-TTEI&L`X7<KD^Z3;6)]X;/\0>-8=\.\?&[_9,;
MM<W.9/P_W1FU6]ZW8?!QEJ>)EDRVZS+E9GH]MO<6(E5SFI:?$FY/B4&EO)"5
M:#A.>P>`Y'A\_@.(F&5L:*5@-L>0(F)F4@D&]@&A+"RR;%+[-XK"=U=M\KS&
M!RN%W!S>*>)>821!K&;%:4*N.4(!4J"62>QW/&78(9"K5S](M$B')?B3(KT>
M3%D.Q)45YM3;\>3'<+4B/(:6`XT^PZA25H5NE0(.XUZ>Q.2Q\_$@S<.8/CRH
M'5M=587!^SV`CQKR[E<'D<?F386;CE<B*0HZZ7!!L1I?V]"1XBBFW42?8X&M
M*^-/O_1IP9!)O>EGC45-H30&_P!?Z>'2D?<:E1Y22:>-:T'"F^U//3GQ!``O
MTIDX`+.VS4VU^BD5P0=J;<10D4(X?A^E-+7)(IN3CE-@5Z_3_%^EJ15;O,`J
MI0F@XTH1PJ01I8RCX=*;/%#J1=_Y.GT>-(_EZ=ZI'V5H/O''[].?%=+'6F1Q
M5KW`*T@NWI%!R@$UWXUH/2#QTL9)-R3I3,G'*`H">\?'K3%=N25<P2`:4%*`
M<O"AIY'U:?7*-K7TJ$_%(7+[+-:WA:WE]5-UVJI'L4J-PD5YA_%I[1KIQ<T6
M/O4R_"L2H],W(Z#Q^BVI^JDC:PD@<IYAM0A7U;;U.]-+&7<7N+4VW#!6`*'U
M/KU\OIHXMB045`3X+!V&U=A7VD@:3\43<WOY4L<2H*KML>C#]-1X4I^6H\C_
M`'QY_P![Q_\`%X:B?%-]UJG?EB>W^TW?R].GZ7K_T/%#LHCGQ><*)/\`Q[*"
MJ?B-8%M/M'@=CMKO?RN4-P.5<#_U+?\`!'7)?F"Q7F(+$_V"_P#$U(]R8,C'
M+WCV>6IH)=M\N,Q.2`$I<++A<C]8C\3<EGJ,K-#[%!JE^:'!*IQ>9AC]PCTY
M+>?[#'ZKK?V+5GV%RS2)D\5,]W!WI?7RW#ZC8V]IJ_&66'&HLV`Z7+9=(D>Z
M6ISV2%0)K:7FT&A*DJCJ4IM0)JGEIK5_+#EVY7@O@YI/^JPV],]+E.J'SM;W
M?]VJ#O;C%PN5^)C2T&0-X_\`%T8?;K]=<Z]\(J4Y#BQ0S'+C\9Y*R1TA)*)3
M00V\XE:%4(5R@\R2GFXCCK*?-R!8^2XAPBAFA>Y`M>S#KY^RM)\OI2V#R2ES
MM65?JTZCV>)]@KH=>,XM=9#T>]8[9;VXR8<E3=U8FH?3'<CI2RV+A:)UFN_N
MWO#+BNE[R6"K<MUW)?*WM?ANZ.'Y)<Y4;*BR?$&X0H-MRK(^TL&T#6N-13GS
M)Y?DN%YC$?"FDCA>#P(MN!UT967=8C6UP#:]C7'DG'4WW/#C./6[\L2V_<([
M-KESE7-,)43WAR9&#TMUM)"7&E\E'5`@A0<63S'%Q\+-R_<*<)Q&.%F)=51W
M!`*[BPW'0="1J>H.X]:O4Y5<#@7Y?DYMZD(S.J;+AK!387)T(!T'0C:+6IOD
MV!939W7G+ACTEEAOHI5,C09#D-"&T\O,I^*N4PI3G,.=:WEK416M:Z=Y?L[N
M+B=[<CPLT<:]7",R#_?7<OTG<=:9XON7B,[:,/E%8F_NEUW?4&L1[!M&E:((
MP<(2US@\%)J%U6:\H0DAI1&U.!-?JUEQ`7T37V>WZ['^&M(<L1_VA4^1Z:>9
MZC^#ZJE+(S+3<&F&0H27TJ;BBKC:ER"/U+5`6UGKFJ`16O-MON"])T.V1;7\
M]/X:;GGC=/51OP_7H=#J"1[;:$6KW[^'_"^SW>3OQ\!'=61E=FQF\YZF'V_[
MZXI>)\6TW6U]P\68CQ,>S"Y,3?<Y*K/W0Q^W(3$<;I%YK>Y'4I3JW$JYODGD
MN/Q.X^&>)A`'WP2%3L]&8ZC=:W[I[AKG0&^@M6_BR,#D<W@.X8W1LD1^G.@8
M%FGA!`]WK>1+%;"Q``U-Z\B_C<M%EL7QB?$]9[!<(-VL%N[[=SHEEN=KFQ[A
M;IUJ9RZZ)@2H,Z&XY%D17HW*4%"E`)(%=M;7BHFBXSCXYS>588P2.E]HO64S
M\ALC-S)X%`1I9#8W!_$UJYUMF/7.\+!AQB6B55?>4(\:B`"OD><(2M2*_A35
M5#PU:18TDURB^YYG0?;40S[0$)O);PUUK=6,,AQF'ES)@DR&&PHI`+$)(K17
MM*6EU]254'!`IO3;>1Z42@@/O<?9_+^FE,-=6W%0JD_7]OU?34%)O\6)']UA
MLMN.HJ`M'((R?:)!2$4"U$'>FQ/HTRTJKH-2/+I3ZJS#06'F:UA-RD"5[VM+
M$AP!0Z<EA#[!"@4T+*P4*H#M7<'?CICU6W!C:@^*CQLA9A?J0;'[?"GRI$.1
M#ZKC;34TRZ%J.VM/69<JM;B4)>;B1$,TY0`RKFKX4W7<%`2!NO43;/%DM&LA
M,`CO<VT.H`O8L;VOU%-G(+PCKF)94W&2\EBJUMK_`%BVT.@$@(JE:%`A7+RD
M$4)TDKI>UA3D>4IE6$MND*[M`1I<CIKJ"#?7ZJ9!I060K8CFK0T(\`014*!(
M](II(776I+2713&+W(_36E4N*9JH!)33E*5-H6E5>(HM*N2M#0BBO+3BMLN;
M#;[:::[,JASO)/3^,_73S\P4\A+<@MRD)"0E$L%3K:4(#;;;$E2A)::;2:)0
MEP-["J30:D_%-*`LI$BBU@W4`"P`;\0`\%#6]E-'&],EXKHQO<KT-S<DK^$D
M^+$7]M2]AOEVL$M^78;W(LCBW$+$8EUZ));07%H:F-]-YB2&R:)ZK*D554E.
MYU9<1R_)\+/+D<3RDF*Y(]VY*.!<@2+8JX'@'0KK<VJ!R?'<?RT"0<IQR9*`
M'WM`ZFP!*&X92?$HX.EA>KGM'?6ZP4MP;U;XJ%-/HC/W.UN)DP%,!IAE01$C
MOJ8ZS3394DQI"6N99/3KKJO#_.;F^-A7!S(E1+E'>,[XMC)&C;8PUD8*EP8)
M(PQ8W4BN5\[\F>W^:D;,B&][*ZK(`DF^-I'3>Y7]XNZ0^[D1R;;`J0VM;YA_
M<K*[_);@XJBUQ8KF-8LU>+A=)+<EN&]C<C(0EY=O@O*E!+T>Y2$)2[T5)20H
MJ`6@KUG:/?G</)<I@-VVF+#-'PV/BRSS_O%C3'DED9S'$"P#J"O[Q1M'O%EN
MC'$=X?+7MW%XGD8NXURLC#EYN;-3'A8QM++D1)$J"1V'X6._]VVOX`K>\E=T
MXCW'MS.)2.V]RQK#[Y?<B<EY)'SIJU3+=D>/QL?-I@.XY:2JZRFUV>]+OGO$
MHO)=<6]$9*%-A*T+[[A/GR]U</D9_*KD9#X&608H_2AVB7#N%5FE9]6`#^IM
M(OIT(\PYG%X.-V]S28/%OB8<>9BQF.:02REWBRR'9E6()<(2\;1%PRQ$,H$B
MR:AD;;CW;[(827$.HA9KDLCW-#B2M@3\0[/H4^ML54VF4('*DD4/25Y:HN58
M,OS5##^TR,(7\[11?K^^MMPN,R-\E"AL((.2N!^SNE8@V]NW[JG,PQZ3%PO(
M);L=QMI=BO`:>6DA"BB`Z5%).Q`YOM.M=WIE"3M+NF,-<GC\C[XFK&]B\4^-
MWAVI.\9"#D,>Q/LE4_?_``FI.T02NW0UT"^9AE7,D4"N=/XJ#P655].E]KR@
M=M<"MK#X.+_@%+[MPW?NSN*3K_UTO77_`,P_IY5K.#PUW/`74`<SC\R_).RA
MRNSX4"01[7M`<\GT>=.`U@>R!(_:W<D18M)-+*;FVI>",GR'4^P5U'OM(_\`
M-?:>0J;4@2(6%]`D[6]N@'M^NMZ[9=S<Z[>8MFD_$+HBU#.>W.%6G*;?,M-C
MOL.[X_?IV4R;C:)<"]V^Z02B8RXIA;B$!P-N+2%<JU`TO+</A=R\,AY*(F4<
M1C3+XL&:25B"-00P8J0;B^HU4&K[A>1S.W.6R!Q<@$;<UD1-X`JL4:@J="+%
M%((L;`J39C5I=YNS%K^)ON)9U?#/9,<QR_Y#C\2[YEVAEPO<)%O:L@N$6]-X
M5?8N/F+=IEQMM9#*YK[0::0^DO,5;;1S3N?@<CL[,P,&51+Q*VW2+M1C"[-Z
MA6Q&UE'N*MC8-9;Z,O1.U^>@[QP\W-5?3Y,FRQG>R^JJKZ>\D'<K$EF8'6P+
M`&X;@65CUEL=ZOUJN>'XM>Y`4["QIB68N16ZQ0G,>N33]\CIM5U]U7*M#;8D
M,*7(?;#[;:E)=3L7>0XCALO-YG''%J)B8ABZ,PAA*.SR%0P5K*@'ODV9@0;V
M--8G(<U#@\1,_)/L42G)L0OJS!D"1A]A*@LQ_`%%E((M<42V6D8KV\3D-Q@9
MI>\<D/Y$Q:L[O-B8MF,7/*H#BI\NT6^7/_,D7"](#Z2]T'N1"%MK<*>="2QV
M_P`AQN'Q?)X?+2Y<F7&)I5E;;Z4L@+-$IWW8-*0?>NP-M202*=YW"Y'(Y#B\
MGC(<5<:0Q1O$I<21I91(RE2%98@5LME87T`ZUZ2_#_W]1C45?8/,),^^?#_>
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M];H5VF,KFX7?R+K-N;XG9'AJ8CEV6A[HM7990H)==(5TKY:<MS$$4V#RX`QL
MB1WQR+%5:[&1!;P<AI$N3>TAW&XKEWS$X7A),O&DXQB<W&B1)]UPSKM58Y#K
M8E!MB?:!:\8VBQO4KD#8@IXT.^]?2*>CUZZZL^O6N8R\<;$%:;&WTK[)WX@U
M)IQIRUTOUP;:TS^76W>[^GT4W7;MQM4\/'T\/7I?KZ:=*8/':C<-:1-M4:@#
MA7?8&HJ:[G<Z/UP+:]:+\O<WLO3]+TB;:NE2F@K0TH2/'85\!I8G%[7UIIL!
MBN\I[M[4U=MRJ5"001N:C8CRW\2#I:Y`'4ZTR_'.XNJC:?XJ:JMQWJ/#P-:^
MB@W(TZ,H:6J,W%M8AAI;PO\`P#K]%)B%RTK4\=Z&@H-Z4X#0,^Z]''@B,#J?
M+0Z?JHAA@JKR>T*440/N-`=`3$*1N]VC.(I?=Z8WCQM_';]=9%O!*04A53Q4
M!7?;RWWT9R3X&VE$O&J"`ZAB3U(H_P"6'T_W?Y>'EQU'^*^CR^NI/Y8W\T_B
MOT\/U>VO_]'Q9['<QQ6X5K[%_E)3L*4_+K6JG#^$HZ[_`/*R_P"09?\`^:;_
M`((ZY'\PM>9Q[?W`_P")JM*_6-C(;+<;.^`$S8RVVEJ34,R1^LBR`-OY&0E*
MO32GCK=\OQ47-<7F\;-TE0@'R;JC?4P!^ZLEQF?)QF?C9T?5'!(\QT8?6+TU
M[#S'\APG(,2FJ7_2'M]-=F1HKH*I)L4ASDGQP*<Q3;9Z5FF_*%@"@H-<"[$Y
M.3MWNZ''RO<AR&./*#^R][*3Y6<6)\B:ZUW9AIRO!O-`-S1@2H1XK:Y`^E=?
MIJN.\<(R\FPY@1U2"^S.9#`-%S#UF28D8D'^WW@KDC@!:E/K0`FM*[#YPI_U
M_"&W6&3Z_>'W^7M(K/\`R^>V+R8#"_JH?HOXG^C_`#NF@-ZM/N?</Z!]UL/?
ME*<8@7C&8UNNI<Y&XZ8SUQE,PI8)W'N4Y(+JJ>RV[QWU@_E-W(."YS'R)I+8
M$\AAE\@&(VN?_`]B?Z)/G6U^9?$'E,;)Q42^5'&LL?F64'<O^\M[>9'LJH;)
M`-L[_(@<I1[N_D#?(&PPTVD(NO(&(B_[:MK')0B&_61"),=9/2UM.SH1#\U.
M.AM8!YO``6V2VLO51Y(WO1_@-]M8OFIC-\N<Z;JQ6+Q))/[N]VZ,?-U]U_QC
M\1KK<#Z?5KUY'$!;:-:\XRS'WBQTK4,CQK![DR_)R.T65U*$<\B?):9B2&4)
M'XW+HV8\AA"0G<]44IK-]P<#V-F0S3]P<7B,0+O(0(V`\VE4JR@6\6TJTX;F
M.[\:6.+A,_)4,?=4$NI/D(R&!)OX+7)V8?YNX-P0>WLB]2+S&<:?9,.6)=HB
MNQ7T2&WFI-S:DS'GFEHJE3*RD&GM<:^5N^(_EYCS/'VA-E/D7Z!]\"V/@\BE
MV/7\)*]/>KT!VP.\YL=9.Z8<:*"UKE-DK7'BD;!5'L?72^VMTD(SKO2AV_W6
M'/FO,B>TFZK:;C6Z);YD6.U&CM.1V6FG6HEP6\]TTI)"ET`3N3A4QLSD+S;"
M4'5CHH'EX?8*TF,,3C1Z".%&]2HUNQ%[GZQ87Z:4[@=KK-#'YQ<@;U+6M2^6
M;U6H%O+:U!QGW1QP]8MND\Q>*TK)KRBND-\#A:;?6R#X'\(^KQ^O3V5=Q/+(
M@NX2(>/B?IK4\QRJQN"+^2I;N5PC)2RXB*N-'M[3D;E;0B(0L+F<[*0I26D*
M`4KEV2$C3$DLN6P>Q+=-H]GD/XJ&],=F4-9;W#$$]?/30>TD"U5#D%TN%Q6T
MB9"?A@-A1:4)#?,0K^4,<J#:030`E)/I.FY2!M0P%--;W^\4B$R,TDOY@DAO
MH!M`'L!-_IZT[AX%>YMA&1I$=FW.HDKC%QT]208JU-N)0@`E)+B"!S'?3B<;
MDOCKE;0(6!M[;&Q^^HLW<N!!R$G&79LF,J'L-%W`,+GQ]T@Z5JST/HA7.L!:
M5*3TU'E=]D`@E%%%//78&A%-]1S!M_$UJGKGF2_I1EM+Z`D7\K^SV?53N&\R
MA39;CK?>2TMGE3R\B@OG6755;4M*T%8H04D!'&FC3;<6!)`_0TU.LQ5S(416
M-[DZ^`MX>`U&O7I1W);ZX:HZ0RS&#HHCJEPI4FJE%M+SBE+J1Q%>4G:E=*-]
M@T`L?'^6F$C@;(+G>[[=;``'I;\(T_34U&J**^PM:R?Q#D2GA0_A!56A!WWV
M\M,&W@22:LU#V_>1JJ#I?7[_``^RDUU!Y-_(FM1Z*\*TKY^.B;0VIR+WE#D#
M74?I_MHO35M78'AQ_9II.TT[O&MNM"O*![9J#P!X>&WIT?3QHK7)]VI&%<U1
M.8!EE97LM3J7%\[:N4.,N(0ZA*V7$`I(()HH@$5.I6/E&$GW1KU]H\01>Q!&
MAT\33$^,)%MY:C6Q!]A\#Y>52MOE6\26Y$>3+L$UAH"+,MSLA01(ZC(+[KO7
M][;JP7`0V4#@:TJ#.Q)H8YDR,>>3&R4'NO&S`AKCWB;[A==PLI76WA<&OR8I
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M"HFXB["]<&[6DE_S1VYA9&"^/*N<C*CJ1<&96;;(;M-&"0$+R2A`=D9"Z5*=
MF+"CN==<,P'$Y<.]9KDT>U1+/CD*6S)O%QG36V@W'B0FW3(?=!45*`!*&D+<
M51"%*$CC.6PN,[:XF7-S(HXDPHV)9E%E$>XL03>UE.MK&UNM%S4,$_<_)PKN
M.1-G/&BJC,6E:4*J+M%BVYU!6]P#N-E!-:U@V*RK!9;Q9IS2FY]KR:[PIJ%4
MJB3%MUH9>;Y:GE+:T%)'`$:INR[P</R,>X&\WAT/[B']/HK4]PO%RV9PV?""
M8FB!%_(S.?MUU]M:A;8"OZ*O-]-2$K[9=N'1R@\R7`[D`01R@%+B>>HX;C;A
MJ&`)<!58D#\HPQH2#H[FVEOH/F-#H:MQ&8<J9D4$_FF6][7U9`+ZW^D>T7'2
MK,L^17[`^\N'WK&+E*L]^BP5R;;<87*'H[\=%[6XEQ*^9MZ+(B]1IYI:5M/M
MK+;B5(409G*G%S.Y\/!S(O4AFPG!!Z$!BWT@@V((U!`((.M1.-Q<G#[<RLC%
M;9+%EHP(Z@D*.GC<7#`Z$$@W!J\NYG;[%_BO3WWS[MKVE>QKO'C^-]O+KD^$
M=M+E>;BK/6I2.X$;N5FUIQJZ"\K=N\A^%9)+D2$EJ0E0<6TZ]*=4B7QSD^,S
M.TN4Y>.7E)#P4T3(SD*659-8DT"V*M&3=+,0#86-AU?"S<3N?CN+(X]%YB&1
M6506"EXQ:1CJ;AED``>XN1<W`)\K8#EL?P)]MZ#9;U%N6.=Q)&-2,Q1,G_T>
M$-NXQ)=V@N/RT/1[O(1&"@XTE3C3B4$J+@]N!#BX')]OSRH\4F08,J6)I6D;
M8D.^_P"V+2.`=;6W6+7%]R<J;.P.=QDM+'`LV-'(L01=[R[.MT(,::`CJ1?;
M8VM?-B=SAR^90Y<,9NK,)5LRA=@N5PQB5B-OR"S-9Q9XC$VWQC*8B?ESD9#S
M86F0XM2$*ZCA65@;KM_F\WF?A<3.XF-Y(FR(V'I-&)%D7W=R`VL$8`:$D#<6
M))K)<QPD&",O/PN5D1)$@=?WJOZ;1O[P5RM[EPVZ[6N2@4`5U3A>08WW8[/P
M^T?<NW9`Y*Q_),<F=A_Z/6I$?$<;NL1%P@W2U91-G75=MMV$JA8RU`7'B$2%
MQG2F.PM;+3C>3[BXZ;!Y;&DXWB%A@1D5A'&Z*`C!71BP9+&Q4DGPW%3:YT/!
MY^/F<=D-G<L\CM&S*7D5[[P61P`0]Q?=8>>T,`;5S5VISK*\*[E]T<@RK)KO
M/C95+O\`C668QD3\6VV"Z9/W!D9`S#9E1Y+,.VPKIA++$VY1Y*0DQK@B)S#I
MFFIF$D'YE"8^:R!AQVEC#$*D;>H3"BAP%WQA;LO5[[3H*K>;^(/'?%Q<1BMR
M=BCL%+N\90"=B4(?9)NLC=%/O#J15_2\:NUL6U#O5LDVN>(\:0Y%E,/,JY)#
M+<B.^TA\)<,:7'<2ZRLCVVEA7CKO?'<M'R&)'E1.#>X8`W`925=;^.U@1?2^
MAKE,O#LI0>FPC90RE@02IU4V)TN/"YM]5,E6H"A*.-?K'#T<*ZGC)/G3)XM;
M#<FM(+M8_@T/V_6!QI^SI0R33+<7'?1=:0-K/\$^@4J/+C72QDVIIN+!L*0<
MMU#3E(\00/IQVT8GZ&]-MQVI%J:.6T\:<=^%:@&M"!MZ].+/K49^.:Q/0_13
M,VT$_A])_3MN*<=._$&W6HWY?<_ATILJV`UIM3R&WGYT&EC)Z7UI@\=<D"P`
M\J2_*Z>`'CP.X]7IT?Q(I)XWZ+T<6T^P4I%014>!-1N=#X@>]?I2CQQ`C*@7
M%+?EW\7_`)0\O'^#^'[^.HOK^WQJ=\`?YOC;H/LZ??UK_]+Q=[&()Q6Y5K_V
MBE>JGY9:=>@OE4M^`R__`,VW_!'7(OF`1^<P6_PZ_P#$U7DPBI'HV'TKY:ZI
M"NM_&L&:KBV79OM+WWQ+,WBIK%\HD?E.3^ROW=,>Y`6^YO.@<R%F.'FY@!'M
M+0K;QUYZ^:?`GC^87DL=2L.6NZXZ"9;;M?-O=;Z2:ZWV7R2YO%/@RD&;'.WV
MF-NGU`W7Z`*L;XC.V<C#^]F.8K(9F*B]1^XP5Q@L2I>.2ZRT2[42IH*N-M80
ML1RIPI=GMM(Y5UY2UW=SJ=Q\5VIRK/\`]1\-(LOLD0@.;"UCIO`OXK37;V"W
M%Y?-882\9G0H/`AOP@FQT-PAT-@&-=3_`!R=BK7"R+';1D%T3C#5OPF5D*I;
ML"7.2J$J9<8UQBL08K[;CLF2BWH<03P<CHI7\.J'Y:\%B=R_+CF>5:81/A\G
M(6?:6)C,,.Y2`038[67R-[==;GYJ<WF]M][\7!!B-.V3BQJ$#!0']5]C7((`
M&JMTN&U.@MY1VGN'<_\`.FWEF9W!FZ38+<^#-N#:FPU*7'@RHHEH5&96AYR;
M))<4I*?UKKA4=U$ZL>VNZ6X[O#C^=Y,HWP\;+[H"@[8F4'W5-V<G<QM=F8DZ
MFFN5[=BR^U,WB^,21?BG$EF)9AO=6*^\=`B@*JWLJJ`-!5BY%\0W.@Q,8MAD
M2E`I$N:'&X8*DD?J82.67)5PIS+;`5X*VUTOG?GE-)&T/"80,UM7>XC%Q;1!
M9V]FYE`-]#I6'XOY2P1-ZW+Y9$5_PKJ_6^K_`(5^H&X\16JXMA'=/OG.;?2Y
M-N-N:<_7R)J7(EDA.!("4QX[`:A]0H!35("E!)YE5(.N1YO(]S]W3^KG9<N1
M&O@?=B32VBBR*;>0W'J;FM]%%V_VM`Z8F-'`Y\1[TC^)NQN[?1<@7L!85UAV
MT^&C$\=ENKRM]N[W*,T)41JX,H8@)2"TA]2$J>)N73HT/;2&TE5`GF"P(0_+
M.-4M+;)R1T'2,'V^+_78>8IB7D<O,:\2F.(G7S]FG1>I-[D_:+W5-OE@L++L
M"SQ&)2@RJ*"ME'N*6%I"%-ML"B4I"$"E/PD`>>NQ]@_++O;ON%,J>(8'!-TD
ME0C<O_NHM"P/@UPGD:XYW_\`-+MSM&1L5L@Y7*KKZ43`D,/[R34+;Q&K:]*J
M-3$9,AZ4F.RAYY:UK6A"11;A!<4D4HE;E`%$`%02D&O**>LNROE'V9V5MGP>
M.&1RY_%D3`/)>W[%_=B'7\`!(T9FKR9WS\XN\^\=^/E<FV-Q`.D$)*):_P#Y
MC"S2G_Q';T*HM:K<\(Q*\$N3[!;52"L.^^,1Q!G]1)Y@L7""8TY*@HU!#G'?
M5OS'RN[`YXEN0[6Q/7O?U(E]"2_@?4A]-B?I)JAX;YO_`#'[>7;QO=V7\.-/
M3F(R([:779/ZB@?0!_#5?73L=:9*#^27JZVE1`+;$OH7NWMJ)*BXW'G)3(0Z
MHBO.'Z@@'B-<>Y[_`$P]O96^3M_N++Q)KZ+,%R(_J_LW'TEF-=H[>_U4]P1;
M8^Y>U,/+B(%W@9\:0_3_`&B,/991]50#W:O(8-I:M"ILJ[P(M'VC;[O(M4EL
MI)6ZRAB4)MN2'%**ATV4.*X*</CS[D?]/O=W%XWP\<2<ABHVX-!,8I2/%=DH
M9-3J-J%K]6-='XO_`%$_+SE\MLK)9^,SI5L5R(?4B!\"9(C?06!WN%MT451^
M5XG?;8\FX3(EW1'>66W)5]BK2IH-+1'0HR/>IGO+5%`\R0F@I["=AKAG<G:'
M.]OR[^3XS+@0FQ.3"R6L;`@W;<OM%M/V1I7H#M?NSMKN+'"\+S&)DV%Q\+,C
M@W%[%5"[6]C>W6M#JL%1J@!*JA39*4FAIS(\@::Q^HW:BP/A_%6P98]T:%6)
M;SUMTZT5:DIV-.;B1R(`!XE)J.;F%2*Z#!5!N_O4U&\SN0,<B/I?7[?`45#J
M!S%2`H<A`\**-*&HXCT:2'4===*>>":06!VW/B;Z>5OY:24X"I2@A*0I1/+N
M0*FH2`2=A]>D,]R2%ZU(C@**@:0DJ+>5%4M2OQ$GT>`]0X#222:>"@=!6*_3
MZ;Z*CH;>K[QH4-:%#Q'KVXC0H:=#2\>2N.HE(0L*0MLI<;:<%%I*>9(=;<"'
M$UJE0',DBH(.^G8Y6C)(U%O&Q_A!L?:-:;>)7!\#Y_IUJQ,-RC"8+V1+S_"W
M<T3<<8O5OL#T6_2\<F6#*IK"&K1E#SL%EQN]M69U'4,%]*69!-%D5-;&/,Q)
M!-\;"6E8>ZP-F#7&M^C"PM8^=Q8ZUF>6XOG'_+QP?)KC)'.K2J4$BR1`-NC`
M)&PL2#N6Q]VQN#:@UFN2)@NVUO))\ZSO!^,[:;A,DI<<@J8*?=';D`RX6'$N
MN)#0=2TJA]CVJ:O8NY>>7%DQ(N;FDP60HT;.P8Q6_LS(+$H=S`1[MA/[!O:H
ML_;G!/.F3/PT,>8K!Q(L:V$I/]H(]1O]T?O+%P--U=C]B?B%QWM=<X$B#:V<
M#R)N-%?3,O-O#4Z2RN(RXU-CY8AEF[I$II86T5J;:HJJ0NHKW'Y?_,#Y?\?A
MQ<?R7#)AYI2S2LHWL+:DS$$2!CT1Q$`-`QZUP?OOY>]^Y^7D<GPO.+G\?O)^
M':SP!@U@HB%GA9;:NC37:[-&+6J].UO>]ZZ1IUMA8Q<+[*FY"X^]<[A=85BM
M#:)=HM*25W6YH#<IQ3K"J=,+4KF20"""=7V5W$_)8&=!QG$Y>5/ZA9B`BH%]
M&,;B\C@L01KM5K"S="+TW=7&P\!D\>N?F8.)C;0J;W878RO[@1(R$%OP[F4$
M^X-0:Z9RFRX5$L=F9PVZW"Z>_P#8CM7/O#<^(U%7;;PX_>_S"V1UH<<3<(UN
M6]RB4$L]?=72;%$ZLX9,@X^7\5$JNN'`J[6N&C$C[7Z#:6ZE==N@W-UHL$3R
MIC&>,([R2.RC]ERB[U#7]\+T#V3=UV)>U,KY8I#?=?#75,N)9<LT](<Y"$+Y
MHM_40E9%"4EH5%:[ZGY-SW?QKKJ%PY+_`-:I,0C'!Y&,6&]LE?\`A\OJJ?[>
MYGE?;WNOW/R;"[]=\2R#%+1BLJVWRP76;:+G&]^L&1KG!J=!>CRV6I3#RVG`
ME8"FU*2=C34.3%Q.6Y/NWCN4B63!,6,"&`(`VR/?4$7#>\">AL?"IH:?CL'A
M,OCF*9BM.05)&IV+;0@ZBP-CJ+^=5MWJPG-NZ?:O(N]5CNF+71B3>>X$/NEB
MS5QQV5W-L\:Q1%-LY5T)4.1E]_M&2/0^E)E*<6ZR\I;O,M!=#7%\UFX>/(X,
MQR+QY?*_>(EO=W.RI;4%6<(AVV:/KJ`!6]BB;D)(>58QOF*,>R%M;[4W/?1@
MR(6:S$K)^'0FM5Q_&<A[O2YF.W'(W\?ON(X/W)N+"LSS2;C&.6VPXODT+/V[
M?%=F2)%EM#]QCVZ0HRW4A:DN)9<4VTA*]6^=D3XTO#=P1KD13I'>;;(R@[9@
M--IT)A:[M[QVW%NMJ'`Q(<B/E.!D?'DQ9&(B5HT;;NBN+[AJHF7W5.T;K$6%
MB6V.O2DN8DW8\S:F,,W>9,:=LMTDBW1%1\AO<N%=V[DR^W;WVWEL)4E*F5LN
MH71P%)4D]#G6?DN*RCQ_(K*DN2RH5EZ;B6#$@%&#7O8KM<'7<I8'(1B#C\['
MQLG$*/'C^^IB(4[?=M<E6%NEPUT/0@@6OGXP8/:OO.[A/=/%<3Q+$[E>,ON6
M(Y?8L.E2V+)$G_E;6.8SD]XGW&=+CW.[W%@%M]90U%#B6.5E3BR5\T7A!Q<L
MO&\U%\1ZDUU99/\`SF3TRALJA[7NBN&LP-PQ.N]EYA,Q$R>*80R1P@%=EP85
M?>"I):Q(_$5(NI6Q`%ZUKLKG6.]T<-0Y8IZDC"[=`MC5KEVYZ"Z,4E7>[1,5
ME176V6[2^(K;)B/I85S)<"*I3X]'[-[@XG*CQL+CG<AHEN"A"@J-JD,!L.Y$
M(T\8[:$VKGN7PW,<7R>?B\J%]%G9XF,BLS%COE4J29!L=[C=>^_2_6K3_+1S
M;\*[;;CAY\3KH6_RZTV<.U[C2FZ[8.(KOX;;#QX#2O4MU--G#%M!2*[:-SRF
ME!3Q_P#&'UZ/U2/&D'"&IVTS7;JDT2?#P\"/':FE"73K3#82D_AILY;@/#;>
MOW#T4T8F.NM-/@+[IV^=,U6ZI-$UKQ(&Q!`(H1O7;2Q.0.M1VXT,=%U_BILJ
MU\10\?*GU>.EC(.AO4=N*!)&W^*DORM7"FY\=]B?';PTH9'MTIL\400-MKT=
M-KY5(YN8DD"G*0*UVH1PW\SHCD7!M2UXG:4+`DW^KK2OY>/+_E*GAP_:U&]<
M^?C4[\O7[_T_3K7_T_&?L4@'%;K4<,CE>.^]KM'Z*Z]$_*9-W;^9Y?%M_P#A
MQUQ_Y@__`*QC_P#Y=?\`B:KT9;"=O/[]=7B0"PK!,=*TWN3C"<GQ&XQ&T!4Z
M&@W&W&B>?WB*DJ4RDJ_"93!6WQ`JH$\-9KOC@!SO;F9`B`Y<0]2/SW)J5_WE
MNOTD5<]L<M^5\SCRLUL:0[''A9NA^HV-=VVR1V_[_?"I\+G?BXY/"MG>#X?N
MY&*]G^[-D=>9:R6\8#=KS$M>(=Q;,F<XIV=+QNXFWW!3[A#'OQD*<!;;H?),
M`RXILJ`1MZ++O0[25!-E8^0LP4_4*[+EOB)&KF4%PVT@,`S6!:WM)3>+>%S5
M=_-J^-3LO\2N;=N;C\/+5Z1C4GM;$A9(_?[8;-,A7@97>+A[E$B,SI"0^W'Y
M$.N+XH(Y004KU&[#S>=[6[)Y7M;,AA_Z[*]9F5RQ50(U"@6`!)BO<[O=;H#T
MTG=6/QG<O=6+SL4TA^"A](`J%#$[F+>)(`D`\/>4^`U\@\:Q2]Y7-]SM$)V2
M=B_(`Y(L5NHYG7WE<K3:4#>A(J!MOJPQ,'*SI/3QH2Y]G0>TGH!]-1\K-@Q$
M!D<`^74GV5U-@O9_$,??CR<R>1?[D@=1B$R5-VA+@Y5EITT1)E.-;$5Y$JWJ
M"*C6KQ^'XWC[2<I*))P+A%/N_0QT)^[ZZS\V9GYNY<1"D3'J>OT@?[?`6'AU
M19\W,)N-&L4%AB-#(0B/'8:8@,-<RJM*;0D,A)22"@`U!H10ZU7`\!W7WQD#
M![=XX)@(;%C[D*7\'8#73]E0S'RK'=S<QVQVCCOE=P9]\IA[J#WI6MTVK?07
M\391YTC>;U-O<@R)O2ZBBA10TD\H6A2U)5SN%;JE)6ZI0J:<RB0`377I[L3Y
M$]M=MS1<IS07D>9!O=U_<1MUND1ON/D\A8CJJH:\J][?.GG>8AEXO@MV!Q9%
MKJW[YQTLSBP06_937S=A6OK))WKY[Z]`1@*H"]*\\93R2%RUR_4WN?Y;_P`-
M-#4GQ%"/'S^G'4@6%4#EV)U(`ZZ_I]M+H0E-*`5(H"23X"NQXZ!)/6E1QQI;
M:!KIU/\``:724\`0:;$#PX_LC0(/6U*$B:HI&FEO+]/]E)!NA3S`J]H<I\$T
MWK[1H*TIMI9;0VTTJO:/:4##<=VGLMK?4Z>5P.MJQ(+:D*0XE+C9`2I)"5I5
MS@CE*5`I(*0=O$:;./'D1O#-$KQ.""K"X(\00="/I%)FSWPY$R8)W29"I#(;
M,&UMM(U!L"00?X*U&9@^*WT,BXX_;7415E3*&V!$HL\ZBIP1>DES\:B`L*%2
M3QUB.=^5'R]YP)\9VSCK*MR&B'HV)\2(RJN;G]M6K9]L?._YI\$[?!=V9$F,
M2`4G(GW`6L-TH=T!`T]-E.G6H*Z]E+;=4@,3UN$E`>5>XT>\NN1DJ')!9G/I
M3<;8TTD!+:HSK9;344(5MR?GO]/O%Y0+<;STI8BQ7+B3()4&X19O<EA`L`IC
ML0+KXFN\=M?ZF^:@8)S/;,&P&X?#E?&"L=-S0'U(YF()+"1K%K-;06HO*/AU
MSEB=.E66W6AZW54Y&B6VXS'76VZ#D;2U<T>\J<<_@]1T`G\9&^N!=S?(/OK!
MR,C)X[CL6;!).U<>5V('D%F`DU\B6MXM7H[M;_43\ON3AAQ>0Y++Q\X`;CDP
MH@-_-X2T6GF-M_`56<OMKE5L0\JZP6K4ZT^TP&+FMR&5EY!4VM,EYH6X(6L!
M`YGTJ*U``;UUS'*[,Y[C_47DL88N0KA=DVZ,FX)N&=1':XVZN"6(`!ZUU?%[
MSX'DA&_%Y?Q6,R%M\)64"Q`L51C)>QOHA%@;D&P.G3[=.MCH9G151W%IZB`2
ME:%H)("FG&UK:<17Q22-9W)P\G#?T\F$JUKCH01Y@BX(]H-:3'R\?*3U()@R
M]/(W]H-B#]-,*D_N4'Z*:BU)L*QH4*&A0K-?K^GGQT*%J&WJ]?[@T*%9"E)X
M'8_6//@=J[:4K,NJFDLB.+,*>)GR.D(ZEK7&!YA'6M2F4K)35Q"%$]-9Y=RF
ME1MP)U(&7(4]-_>C\O#_`&^WK]M1#A1AS)&Q$GG^G\'3[*W3&<VO.*`C';Y<
M[>5/*=4PZ6Y=D>#J6FU]>TNMO)8D)0%`R$]1TIH$A!WUH>#[CY;@2S</RTD*
MDWV&S1$D6),;;@&`T#@%Q^S8ZC/<YV[Q7.>[S'%QS#:`'%UE`!O;U%()4G_R
MR0AUW7!M5V8IWYN#JV8N47&_6FV)LT2R\F/S'6;8\Q"F-NQ&9ZF%B]P(*`Z\
MMPM/K<<<(X#AN>-^8V;DO!C\[E30X*XL4`]$*`4B=2@9P#,@"[KLK,Y-@/=L
M!B.3^76'`LTW`11-EODRSE92_P"*56]0JFX1,6;;[I54%V;\9+'T`_UP,>?'
M:+%K7`?ON,80QD<*SP+,ZU-=-TRR?(=?$C)+N4SI3S[LSF`GRG%-(;*0M*:@
M=5'=/:T'<6!+P>1D9<4L.SW2TC[]%C3=))8D@]=X/7=J*Y=A=K\W@\?F9/*<
M5!AY22,[#>$C*L6>22PCW*`2?=*L.FTVKJ>/8+"Y;.X.8Q+^RK*\HQ6UR,AP
MEA)E2,);MMGOT:QN2;_%)M-U?O\`#69`3#<<3&Y.52RHZT=Y_B^Z99L<QO+C
M1@JQ4L"(Y`00I-NOCU\*1Q/)RYTR8[1+\-CR!HW4LR2([7#*^U5:X6]E)*WL
MVM:1:YETQ#$>ZT!UNY1K=DN(?$:;A$:*H\.XV6.U/LXZC:_U,I#9RQ*VDJ04
MJ07$U2%5-'R>+B9?#\WCY&./B`N;(A900+-I8]03N!7PTW=0+WV).<C.X]\#
M/M&KXZ/Z;:[E5=R-;3P*.#KK8^-:_P!V.TLSX=<\BP+-?).763)\7SW,L/DW
MJWQ[5>YUFG]S+;9_<[NFP3[CCTV39DVYUAIZ/<%-S&U-K>AL!TLG(\)E\C(4
MXG+AC:8#*0@K;<)E&C*P'X$<J#8+N``&X7-GS.%A,QY#'9Q%:`C:QNIB8DV9
M&N+LH<K<FU[^Z=M4K$:P.U0L)MR5Y#-NMXQO)+O%M4*TV^,S;($&^=P8+C4Z
M_JE767UGXT%!;ZC*UMI4$\KB$A2M!QG)87%Y?^71'(Y^(1X_W8%E"LIW/=C?
MW1T)T%O.]$V!-R.$.:R659?19&`D-F+.']U2!8"["Y774D#0"UL+<7DUHLG;
M2#+O#Z\VR^%9ULQ[?AZ(TR:C+#;[!"0_>81O5PD.A:VFV4MK+TTL*'3"2DGS
MO$R.9>>'*2!ER2MFV&-5C8;20]F!!M:P.XZ$>-2./SX(,>/CDXU&F&/OLH8,
MV]3N"E>M];DV"@W]E:KB%JOO9;O=9>SO<K'9-@N,FXV6U9JM3K^,_D$"5D[<
M"WWYIV=9KO#F-62TVU4Y,=3:A(;H1R.4(J.-[AR,51#BXT<LL@2Q#%0"CO&A
M&A5@H3\&X%AK<7(HN;X&+(R,3EYYY(/AG9M4W,494DE7J&7?N`+%6"V/NDJ*
M[4;B-/M(>;%4+%=P*I()"DFE1S)4"#0D5&NTPY`FBCE`L&4&QZB_@?:.AJ-'
M'%-&DL9#1L+@CH115VT&NPV!\*^9\/7I[U*/X0'HNE)JMPWH*<*[`C;?QKX:
M&_IK1?"==*:KMYWVV\.-=]`-XTDXO@*9N6[F!32E1R_A'`@C:H.^C#=#3381
M(*VL*;*M2:<-MJT'E2F_'@-'ZGMIML'0W'NTBJV>A-.!JGC0^BFX&AO/G1?!
M><>E)_E@XT`X_O3X\*TIH_4\*3\%8%K:T<6OVD`D?B%`!2G"OCYZ+U.MJ6,&
M^PFL?E7J_OIY>'T^O3._Z/Q4_P#!^RO_U/&KL*0<4NJR0$IR.425'8#\JL^Y
M)VH/3KT9\I+?Y>S23[HRVO\`\N.N/_,($<UCBW7'7_B:K7NN3V:R,&3<)L>,
MQ17+(>6`W4)JD(2#U7E$\$H!YO#6_P"0Y_C.*B,V7DHD6OO$Z=/#Q8^0`U\Z
MR.+Q6=GR"+'@9G_F@:_J'TDZ50&4=]'W2J-C+'(1SI-SGM^RFM.54.WUY`6U
M;I6^5$@T4WKC_/\`S8GDO#P<-B+_`+QQI]*1]-/!GO<&S)71.(^7D:!9N6EO
MT/IH?^)^OTA?I#5H&.9#<I/38#9?<;+S-(@>:DR(MR28]QBK+#B6NA)8]E0*
M.1)-=B-<PQ\G(R"-"9+G\(U.[KTTL?*UJU67Q^/"SA3[I`(!U`(/ND7UT/C>
M];98\'MDX0DY$\@ILJ"R;='6X@2S(?>E.+E2$)0L#F5RA+6Y"?QGPG8/$XKG
M=G2>[';W1I>_F?U?;3[Y>0&E..-9#U\K"P\NM6[`O'3+%GQJVMMMI%&H%OCI
M"%`U"EN(1TT)0L?C<60%;E1UIL/\PY2>+BNW.-+2'0(@O]9/0#S9B/::JLR3
MC^+QY.0YG.5(P-68V^P=2?(`'7H*L*U8>XM2)5Z>5LX'6K:P\5H:-5E*94L)
M0N0L!?!`0D$4JL:[QV7\B\59(^1[OG]:2^X8Z-[@ZV$LFC2'I<)M7^DZFN#]
MY_.C*V28/:T7I1Z@SN!O/2YC0W"^QGW'^BIK>TMML(2VRVVRTA/*AMI"4-I3
MOLE"0`!KTQQG'X>#C0XN%BQPXT8LJ(H15'D%4`#KY5Y?YWE,S,RI<G+RGEF?
M5G9F9F)TU9M3T'CY4@M=:^'T^W5XB6%8J><N6I!:J[<#3CQ^_C33RBWT579$
MQL0/Q$=>OWUAM-?6.)I2M217S_>Z<.@U&E5<8+L2K>\.IZ7OIIX^'MI<MT)Y
M1N$UJ2=A4U`%:5VT2M<:^=/M!M8[`=P6_4]/&PZ?QUA*0"54W52I'B$["IWJ
M!I9.EKZ5!L`7D`]YK?6!T^FWA^JDW72`D`%/,`:*2:^UPJGB#]^E(@N23>WM
M\JKLO*("*`5W`'4>?LZ_QVI)I"G'"%`D$)_#S!)4G>JD[[4.W'[]/L0J`CKK
MUJG0//.Z2?AL.EP"5\2/#KI>_M)!M4S"B\ZN8@[$D#A0JJ""2FFX&H<\VU=#
M5QQ^$'>Y!L-1X:GVV]G\5;(Q$2`FO-2AH:DD5]))IQ\O#57).QOTO6J@P8U`
MZ^/C>U_IJ69CC;B=J`[U%=^-:UU!DE.M7N/AJ`NIZ:?74DF$T^A3+C2'FG$\
MCC;B$K0XD_B2M*@H*2H'<&NJ[)2'(C:')B62%NJL`RGZ0=#]E7F&L^-(D^+.
M\<ZVLR,58>/XE-Q]O\%:1>^QO;+)GGY5QQ6"S.D-*:5/MG5MLA)+72#J4PUM
M1''VFZ<JUM+4"`>(&N;<W\K>P^:DGFR.`CBRG%M\),1&EKA5/IW'F4.M=7X'
MYI=_<-'!#%S\DV*AOLF`D!UN06;]X1[-XTTJL[C\(&*+)=Q^>I+2@ZDP+ZW*
ME-EU;"FVW6[C;)ELG,J:=(5RJZK*@-T5-=<RY#Y"</&[MQ68"FT_N\@,1<J0
M&$L31N"#8V(9?-375^-^>G+S)'^:X+!MP_>0%1H""08I5=""+B^X-8Z,*YUR
M#X2N[EJ6ZY!M=LO,9*R$&T77WISD"`0LLRXMOE>TH'@V:$@</:UQ[E?DQWKQ
M[,T.%'/%?3TI-_EX,J-KK^S[/;78.+^;O:&>J++F212VU]1-OGXAG7R_:]OL
MJD\@P')<82@WF$J$ZMQ;'NTE$B')Z[:6U.M-M3X\0RE-EP`ECJI-"02!77/^
M1[>Y+BU0YL6QR2-INK7`%Q9PM^MO=W#0V-;G`Y[C^19QBN60`'<+,MB38W4L
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M9RV9MD[?2W,;,6QV.R18#OY?.MD2%[O;T3GTL.K<JMX)22>F\=W%QG<(Y23`
MBBBQ#CY;2;Y51]A,=V*A3NDV]5;9OM=#I8\MR.`YGL?C8L*!=^?ZD:P_NI'@
M$C+)LB0*UXX`X`4AI!&&`<6-Z[LF9IVK[Z=O/Z!8Q!;R)C"L,[H=RL5R6W/O
MH[D0G+ZO&X]BP^_2;/*?M,9J3=KJV[T'%+BO3DI8>"F?;;C\RF3F9/$\KA\J
MHRCC^\L9!0%MA=E&ANR[@$9U)L+VL:G<=G\=Q^#)%R6*$R)I0KFQW;E!"AM2
M-L99=\BA@M_&XKS6[99*Q`DM1&#=\@7"[>9/<<2L=OR.5CLNX3DWK*(\)$^;
M`96\TQ=94,MN-H6EU7(A;1"PG53BRKC/)FX,GJ94?IR(NXAI%#M&H+=0'+>W
M2^EB:O<B!6^'&8I2"TB-I<*;!F('FH7^B;@>]>U6;C5POF&Y7C&?WRWQL'R/
M#>X&42FQ:KBYE<+';M:$YNZ%JG0+A"N]Y5#FL-K(4]R.$*'#8[&:7&YGB,#*
MY;C=L\F9,S*/>&L,Y`+*$+;2`2/=L!:P-ZKX(),#E,D868#AIC1!3X']Y%<A
M2S6W+<`W:Y-[D5-]XY?<;N5BJ/B*D71G)(C\"Q=OVLDN]]NZI-WN;%^C1XR[
M@C()]VO8D+L#TH179"G_`-1"2EMTIY%#'29$$/KP<)D((&(,?O%`P65;L%>X
M!(-]5-_>U(-S;8V-DY#D\HC/Z=PQ*AK!XS9;J;FQ%OQ6M;2XTZ_[?7QW+L%Q
M&Z7&1$GY!^2J:R>XVFS6ZQV=^ZHNMQ<B(@V^T-L6R/T,=>@-N=%IE+CR'%\@
MYC7IG"-G8^#%'G92RRM[P8:`@^(U.A/O`^3>%9WBY\">7+P,'&:*/&(`4ZD`
MZVZ=5-U/M!K;##I4"M:>7G]?AJZ&1T\JN?1/E2*HB@*4V\Z<?7IU<G7KK2?0
M/E2*HA\ON]?EOI8RAYT#C-Y4T,*AK2E-]AZ/'3HRQ:D_"WZ"D5P@KP'$[D4X
M^&PWX:6,E1UI/PQ\J05!'``#RW/C^C2QD(?&DG%/2U$,"O%(/U^?&M`*Z5Z\
M>NM%\*VAM1_<`"C;;FKL*5`((\-SI/Q"6;V4KX4@J+47W'T'^^7-X<=0OB1_
M]J]2?AAY5__5^>&QYC=<>MLB!;5=%4A]Z0IY;[Y2VMV*F.VZQ'2MMMN0R"5A
M>_,>4*!"`-:/B^X\_B,*7$PCM+L6N6.A*[00H(LPZAO.UP0!59R'"XG)9<>1
MDW8*H6P`\&N;MKH=!;Z;&YJ"G7"?=WUR[A*>EO5('4-$MH*U+Z;*$I2RPR%K
M)#:$I2/`"NJG*R\K/E,^7D-)+[>@%[V4=%%^BJ`!X"I\$,&$HAQ\<1Q6O?V^
MWQ)]I)-;/8L0>N/+)G/"#`J.>HYI+@(2JC:%&C=4J'M*X?P3JRP.&DR+2Y#^
MG!?_`'C]`_C^ZHF3R.SW(%W2>?A5GQ9%HQU/NEOC!+,A/*5)'5EOND%*`5I2
MIYTK/!*3L30"AIK0CX3"!@Q(]&T&EV)\/,F_EYU4RB2;]]D/8C6]]`/U"M^Q
M?MM?;P\FXWAU^P6YT`ICHY1>9+=5)`<;6A;,$%`20I86Y_$3L1T;M/Y2\MS,
MD>;SDKX?''78+>NX^@W$=_-KM_0'6L#W'\R<#BT?&XE%R<T"VXW])3YW&KV\
M0+#^E70%HLEJL<;W2U0VHC1]IPIYEO/*%?;D2'5+D2%BM`5J40-A0`#7I_M_
MM[ANW\48G#X"00^-M68^;N;LY\BQ-N@L-*\[<]SO*\UD-D\IF/-)X7T51Y*H
MT4:>`^FYJ8I3T_3[M;+&35;FL'R,I"O8=1^GV4DH^GPV'`5I2NVKJ);*-*PN
M9-ND8`G0=/N\M:8N)(X@@5X\/7J>C!AI68R4D0G</=\Z3&Y%#2GKWX_M:<MH
M;U7,QW+M-E'TZ_IUIR0!N33R]1\-C3]W0%S]%+8*I+$V/Z:=?T-&YO,[E.X%
M![).WEMH]H\M+TAYV)_&+E;>'3]/KI)U?*F@/X:``>`%-]B*_;I:)N:]NM5.
M;E%(@-_NK8`>7373]=)@%YQ"S0J"_`!(H!05X^!T]81HR^%JIY)9,O(BE:QD
M#7Z6'\>OZJFV(W,>8)H2JI!I2I%/%-4BAU"DEL-M]*O<?#,CF380Y-S?S/U:
M:?I>Q$W'CA)Y@-SY;>'D-5\LI.A-:#&Q%0[@.OEI]U33+)]G;8[TX?9Q-*>O
M4!Y`;Z]*OH<=AM)4V(^VI=EFO*!L%*`YCZ:[>FAU"=^M^H%7,$!.VU]I.A_3
MVU-18AH3L!S$<*DGQ-/#8ZAR2U;XV(3<W`-SX5.,1DT34<R@*5H145VI0^6H
M;RM?305=P8J`#<`6M_#4NQ')":>C;B.6GJ].HC/UJWAQS91T'\7Z:5-1V!MM
M4\-JU\/6-1G?VU<X\`T)4&GK]H@7)E4:XP8MPC+*%*CS8S,J.M2"%(4II]+C
M:E(4*@TJ#JNRHL;*C]'*QXY(K]'4,/L((J]PUR,9_4QYG1_-6(/V@WKD'XD.
MSW;6SXTQ>[7B%AL]QES?=79\61<K"RD294`+0IFT6VZPE<R5K71V(MM'*2`5
M4!X[W]V=VOC<4^9C<7C0932*NX.\0]Y@#HD<JD#J=R6%K];5T_M3N'N"7D(L
M:7.GFQPC,5V+*?=6XU9XV!/06>YN1TN:X/MGP_9IDJ)$K&9%AOT9I'O+SMK?
MNSY:0XR7T-I;_(XY>4:A%&FS[?$)%:<)@^7G,\BLTO&9&+D1+[Q9&?06)Z&-
M;^7NKUZVKKC]Z<?AF*/.QLF*1M`&53<WM>XD:WG[QZ=+VI2]_##WQL<>1->[
M?WR?!C(6M4RTQ'K@VM".F5*0PRW[[RA"^:JFDB@(X[:C<A\NN[^.5Y).(DDA
M47W1C>/#R][Q\0.A'72I^'W?P.;L"9@1S^R_ND=?/3PMH3U\M:I"?;)UKD*B
M3XZXTIM(4['<H'V.-42&:]6.ZFFZ%A*AXC6/FQIL=S'-&1(!J/$?2.H/L-C6
M@AR(9UWQO=;VOY_1Y_2+TQTQ3U#0H4HTZXRL.-+6TZFI2XVI2%IJ"#122"*@
MZ'U4+4`M8&RC2M:>1VW`X`[#AI8=E_"U(:-'T9+TYCS'8[C;S*W8\EHE2)++
MCC;R5*_?A:%H4E21P/C4UT\DY4[]1+_.!(/TZ5'DQ@R[!8Q?S3J+>6MZZW[%
M?%UWA[2Y/A\S%\EN%OE8].9-A?LD'&''6Y:Q"C1&95GR>T77%;G#!B-H<;D1
M4=4%746H$@]`X[Y@\I#A1<1RF0\G#+$T9$6Q'V,!8>\A7W=MU*A7#%FWW8DX
M+D/EUQF=R*<IQ>%&G/\`J`QM*&90[&S6(8,/4T#!BR$*@*V4`7K;N]V&9YGN
M/([C,6[%K=%DYE'RW+,;L5FDYEU,AR:\2;O<;IC/O..VO(;];V<@=8C15+M,
M,1D+Y7`H%Q=IQG,<;/Z*Q["JQZ%F`%U-DNNTV)!`/N6`+L`=!62YOM_G.$;E
M9!%,_(-.`R&[+;=^\VW=5T`:P]5;E45F6]ZZK8M=\RZ1B7=%J=VOQCLYG?=+
MN9!L=OL5I%GR7\\MF-72\702(Z'[S;XS'2GI2H,*2I$EXK:*"`AOH?`9V4_(
MX.%%/`W$MDRRH@UE#>G.MRS*8R-6W67=T-9U_P`O=<]7]:'.AB2)BUA$5)B>
MR@$2`CW`MV`%R%&AJ.M%L7W89B]F[7(M?;^'=.W]MOOYGE&9,VVT9Y,QTV^Y
M6RV1F[K`B+ASWI\,J0A+CB)"$N*5N:FEYQH#'QRRX>UFQ8W#C4O8*%`LNX="
M"1HREKCSU&*I]:0PR&XR'0W8A0"6)8@FS:D$7'4+8VZ37PN9DM&=7K%TY#"A
MVK*[W>),*PW6^2K%:FG[1/G1HMHLMGNEWEVV3E;3%Q+7+'2F5,0TVWRCE%+?
M@L[!QIW$F:#*0$71E7J1M5&9_>)`+$$7M>VFM=E8^9%G8DD6*?1>1A)^$M8J
M"&9@JDJ/`->U[`ZFO0U=MW_#X<:#Z>.MK\1[:M!C=?=INNW*XT--R/7I0R/M
MH_A_9I31<$^'Z!3C3@.%-*$]#X>FZX1\AXUV_3Z-.">A\/;Z:15"3XI'U4V/
MV\-*&0?.C]`'JHO21AH_@_4*4\-*^(/G1?#CRTI)4(4V%*#R\Z[GQKHQDGSH
M?#BX]VL^YBJ#RU((IL=_T5TGUS9A>E_#W(-M:Q[DKT_WQI^$_;Z]1_B!_P#:
MIWX<_=]]?__6^<BVV>9<%58;(:!HX^Y[+2`=CO0\Q]`!/H&IN+A3Y)_=K9/$
MGI2<G+CA%B;OY"MSCV6';4AP4DR&P%%Y=0E*J@D-(K1);I4'=7'?PU>IA08B
M[E]Z0>/ZA[*HY<F;(:SFR>0K:,6L.1Y1*+-G83[HE:42;E(*VX,8"I(6O=3T
MEL#9#04HU'-054-#V_V_S?<4_I<=!;'O9I6T1?I/4G^BMSYV&M5'*\SQW#1&
M3+E_>>"#5F^@>`]IL/KTKIW$.WUEQ?IRSS76]<IY[M,0CG;YD\JVX$8%34!@
MU(HGF<(-%+5KT7VGV-PW;?IY`4Y'*VUF<:C341KJ(Q]%V/BQ&E<8[B[IY/F@
MT);TL'PC4]?+>="Q^Q?(>-6*GZ?LZZ;!=1<5S_)`8V_53A/V?3T:O<8W`N1>
MLSF#;X$C].M*5V^GW^O5[C#H?`UC^3;W2!U!^W]/II%1WV%=_L^SU:MD`M6+
MR"^\V4]?T_3_`&4DI*CY?7Q_1IY"!5=D*Y'O`?7_`+*3Z0XDDU(`/,=M^`IP
MII]7\A53)CJ2"SFY8>.@^BPT(^RC]$J70DA%!2AHHTX[>O1A[)?]K[J0^*7G
MV[K06%K'4^?Z>.M&3&57>@H-CS*)X\#4U.C,ZVTO40<=+N);:+#K<FX^O[_T
ML?W52D**JJ*2CDH..YJ2#N*UX:,3`,+:`WJ))@.T4@?WF!6UOOZB_CT!ZCV5
M(Q+;S<BCR@`D<-R`>(``HH)'E^ZQ-E[0P\?T_CJ1A<(9"CFUA]^O4::$#III
MYZF^P-0PDCEV()KSA*@1Y@4J2=5CY!(-QI[*U,/&!"&0V>^MP"+?1XWJ3:93
MS5(33RIMZSL!O3?;CJ&TK;;`FK:/&0R[MJ].EOT_05*,M"OX:#<``D4\3M6F
MHCN;6O5G%CKH=EAT&I^FI=EG8`)%`.:AX\:D^NOIU%=];DU:P0C;8+8#7^/[
M;WM4W%9-1MMZ>%:>%:^&HLKZ>VK;'QSX#_;]]3;#(XTK^U6O@-0G?S-74$&N
M@_V5+1VB=Z>(H:"GB#Q\-1I'MH#5MC8^X7L;U.L1P*;`T]`W/B:^C4-Y/::O
M8,7IH*FF(U2FOU`>!-*>@;#4=G\JMH<6YU-3;$=)H"FNW`BHH?`@&A&F2;WO
M5E'!;;8=*FV(X2D)"0$C@$T`'J'"F_AI%P/'2IZ0'RJ69CUX@#U^GU^@:0SV
MJ9'#?K4!E?;/`<]BF)FN(8_DK10II#EVM<23)82K<^ZSEM^^PUCCS-.(4.(.
MJ'E>(X?F$,?)<9#,+=64%A]#?B'U$5;X63F8)OBY3H;^!T^L=#]8KE3._E\]
MH\J8?7B=PON"32T41&F749'9&5=3KU5#O!5>^12ZCE9N3*0DD`4VUS/FOE7V
M]F!C@32XTEK`:2(-;]']_P"R0=:UG']T<E`1ZJ+(M]?V2=+>'NW]I7J*XHSW
MY>/>_&$*EXPFQ9["`9YF;%.$&ZM)Y*2%JMM],%#H#E"A+,AYQ0K[-:#7+^5^
M5O<&$/4P_2R(]+A#9NFIVO:_T`DUKL/NO#F]V961M;7&GLU%_ML*XTRS!,PP
M6>JV9?C=YQZ:E2T]"[VV;;RI3:BA8:,MAE+X!%:H*DD$$&AUS_-XW.X^0Q9N
M*\<GDRD>SQ`O]5:*#,Q\E=T,@(^D'^"M2U!J3UH:%"L@D&H)!'CHP2#<=:(@
M$$'I3]FY2F"PMIUQA^,Z7H\J.XMF2TXH@\Z'4*"DJ!%010^G3Z9#H58$AP=&
M&A'UU%EQ(Y%=6`:-A8JPNI]A!KI#M-\4G=CM@YC\2RYG=85GL>4R<KCPG^7(
M[`Q>I]ME6F5>).!7YV5AMSN7Y=*<92\]#6XAM:@"21K5<9W-FXLN/ZF2?34L
M-XOO4/\`CTW#S/X2"+DCWM:Q7.]G\?R4&2@@L[;&].]D+1FZ'<`>A`-F!!L`
M?=TKT)[4]X>SV;6>UM,Y%*P:7C^#6I[/C*8B3)O=JX1LT,)6.8FA5DO]RQ>0
M+->&9!6N5U5_EKSB7HP>;B'J4/=O$YD.(IG9F$<:!5B`-D#[@Y=WN"3NW+M<
M:`+UOSW*XOF^,.5COA`PN[W:ZV`=DVL.A!5>H)96",002JU:OQ9X%BWP^?$5
MB']#SD67]O?Z+6SN5$FQHKMHN\YR;DUSAY'+EVR],VVZ1<FA7.V2&S&E&,TH
ML\J*)7U-0_S'U<U<D\7(51MY06ZZL9`W5B5)VWVC6VT&]6,6-#+Q.S'Y-6$T
M)V2:W_"JJ&4ZKJ`6T)O<WKN*P=P<?O\`BLF_VMJ_2F[1C^.76;&NMI<MMT<<
MO^,6W)(D<!=;9,D.1+FUS+BR'F.HHCG!!`U?(=Q87&<+F<[F%DQH8][C;8@$
M!E`W;02P9;6)%S;=UJ\X+$DYF7$P\9E>=CL)!TWJ2K^!.A5NH!MK;6D^S,KN
M1FV'7_(\[L>+V:79;E9V3%QV;>7Q[A?8C[D%UV/=[>P26Y,!Y*W$/$^V@%M-
M"I6![-^;?%]U<S^0F+T^0>%I8[6*L$V[Q>Y(8!E(!%B-VNE;3ENQ\[BN+;E"
MX:%)0K];C=?81H-"00==#;SJP5P=B:`D^K;UU.NL^O>LD,:U,U01Y?5M]O&E
M3I0F]M#X;^C394$"HY10>9\>'GMI7K^VE#&I`PT\/5Q-=C]NC]<TKX6YO:D5
M1$^%-QYJ_L4T/7-*&+[*P(HJBHK[0X`C8'AOXD:+USJ+TOX4:';2_N2?3_?+
MT<//C^+47USY^-._"_T1_+7_U_`^.XXMQF!;XSCS[I#;$.(CF<4JIJEMML;)
M!W)(`2.)UMH!+-(F)APEYFT55%R?H`_3SK-RR1PH\V1(%C&I+'^,U;^+]K%.
MA$W+'5FI2M-DC/*2TBFZ??YC2^9U8KNAHI2"-UK!(UU+MWY=!@F5W%(2;W]!
M3I_]XXU/M5"!_28:5@^8[P:[0<2M@/\`S"-?]U3_``L/J%7Q"C18<=N-#CL1
M8[(Y6V(S2&&6TUK1#3:4H0*^0UV;!AQ\6%,?&@2.!18*H"J/H`L!7.,F22>1
MY9Y&>1NI8DD_6:E$'UCU?;Y;:NH6M:]5,RDZKTIT@[^.^KG'>X%4>2E[TX2?
MN^[5U`UMOLK/9:$[@;:TH-Q^WX?0ZT&(_NWZFL9R<&Y@@L/O`]OA1*T.]:>8
M)XCU>@ZM5.@/C62D'IRNK7V^8/MZ5@I/&E1X>7V`UTX".EZ@21.P]01W!Z>7
MC[;^SP^DT=*4GB*^BG`^=.-0=+W$=#4/THV-VC'T>'^VET-@[D`GPTEI"!8'
M2C2!2;NH+"GJ&1QH/J]._'R^K3!D-2#BIIH;>7\M.D,BHHD_3Q\=)]4VL33?
MPB![A=/K_EJ299(IP2D5VIPKQ]&]/3PTQ))>]^M38<,#8=`HOX>?E]U2"&]Z
MUH:?3].H;/X58B`6OXVIZRWP)IZ-C^R:4IIEGO<5)B@(LQ/W5+LM\*#?;SIL
M/(U&]-1';J+Z5:11:!E&OG4O'1O4BIV'AZ-Z^D:BN^EJM8(O>N>G2IMANM!3
M;T4]8WIJ)(W6K>"'H*F8[7B`3MP/#CPU$=^M76-CZ`VT\JG8[0HD4`J:D"GC
M0#P&VH;N;WJ]QH1H`H%3L=DTX`5WX>'AP'AJ*SU=PP6'2VGE4S'9`*36NU?$
M;BE/&E!IDMUJQBA]NE3;+?CZ?1O7CY4X:;+&K&*(#I4LRBE.)\/#CHKU+6/I
M84:Z3Q9K+=;PJ.Y+_*[;.N'NC7/U92H<5R0(S73;><+DA380FB%JJ=DG@:_/
MS(\/&R<J0@11HS$^%E!)^X5-@QY)72..,F5C8`>).@%<SY&[?.X7?BTV>#C?
M<"%AK%AQYE61-P<KQX39UR3+O"+<BUN1K?*B2KD%>[PGY"FT\R0X04D<G(<C
MYA0<IRPX[A^<,>+Z$FTKJ))`#<6V$@@``G6WAK6AQNV\R/`;D>8[:*\BKJ6'
MJ`>G$"6W%B`&!&X@>Z2?$BNL<,JO%["M06%?ED1*^JX'7.=IM+2^=T)07#S(
M/M$`GQ%==$6=IHHY7_&R@GZ;5'2!$`5/P@"WT5N32>%!Q\?K^K33MYFI*QWZ
M"IJU=M[5W4O-BP:ZX[:,H:R.ZPK6Q:KW:6+S#<7.DLQBM<-^+,JVV'05J2VH
MI3OJBYR;CX.+S\WDX4?!QXGD?<@<!44L?=L;FPT`%R=!4[#CF.5CP8[[9Y'5
M5][;<D@`7)`MYDFP\:Y#[[?+'[(RL@R>P6VW7/MCD]INEPM[LG&I$F78U2V'
MSTW7,>OW.D0%ME+C:(:[=S-K!!`536`F[)[:Y[`QN0XU7QA/$LBE;VLPN+QO
M^'R*J4L00?&KZ'E\[%GGAE=9#$Y0Z@ZKH?>70_7?P->9?=+Y;O?7"#)FX9^6
M=T;*URJ;78U"U9$&Z$N+?QVY2%!1210)BRIBS6O*-83E?EUS.#O?$9<F$?S=
M&^M2?^$M5]C\W#+M61"K>WI]MOX;5PA?\:R+%;C(L^36.[8_=8JN63;KS;Y5
MMFLFI`ZD>6TTZD*(V-*'PUA)\;(QI&BR('20=0P((^HU<I+'(`4<$&H33-+H
MR0JOL!1(!5[()("05$[>"0DD^0&C%[W'6B.TBS=*D8EPGVQ]:HTB5`?(+3JF
M''&%J3S!1;=0GE*D\Z0:'@0#Q`T_'/)$X8$JX\1U^NHLN+%-&5*AHSX'I]1\
M*[)[>?%I>F[3$PCN1"B9#AS#1A6^<3=$7?$$S+ABZY-WLCENGP7KA+M]KQI#
M$2%.<>MU77%.-.*6"G=<=WAD-)&N?*WIC8-ZG554GW?>#74!C9=-?VK:'EO*
M=@)A^ME=N!8LEBS-&0-LAVK8&WX02B@L@OM&BW`8>_'P>]V.S4S`(N79#W)A
MY3AN/N7IV?'9L%GM628!CK4B5'P*QYI;H=H2;W-BXY:75RKHVU<H[3:&&US/
M92AO-_.[.[BYCY7\IQ?;;G*S\J7&2P%CZ097=5VFRVV)'J039S:YN==\G\_@
M^&[KF/-PK@)&\\@#'W2[DION?Q;RS/I<`,@)!&T=*VKXB/AR[V3<RQ7L]D+%
MVNUKQ%=]N#,0-^[QHEOR"T*:6E+-JMK*G%E72!)6I+9(%-Z^<ODAPW>O9WS!
M[>Y#N+"9<;(R/AQN.MY89%)ZL=#9O`$BU>C^Z^3[>[G[9YG!XK,5YX8/6.T:
M6C=6'@.O3V7K5%L[_A%/50&OW:^C/J^VO.(Q"?"F:V"?#A3@0?J]6E>L/.EC
M"/B*:K8'C3SY:?N'?0];VTZN%K^&FZF1Y4KY`'R\]]#USYTZ,+^C2/12#P\=
M#UCYTL8/DM#I)JB@'XAQ\=^'KTDS]=:=&";#W:'33Y?\J?\`S=1_7]OC3_Y=
M[/\`97__T/*/&\:LV-,\D"-60M/]L3Y!#TV2JG_TKW*GD22/P("&QQY:UUZS
MX/@^,X*,)AP_O2/>=O>=M/$VT'L`"^-KUP'D^2SN2DW9$GN>"C11]`_C-S[:
MW5I:3PI78[ZU4;@U2NEZ>MKH1X#;Q_8VVU.B>Q'E421/MJ0;54?3T[ZM(7N/
M;5=*GD*=H53Z?0:N,=[:549$8;7I?K3A*A]-O+5U!*#;45G\F`@,0I/V4L#Y
M:O,674;6K*Y^."K*XU-9(K]/MU>1OH*QF5B@EMM_T^JB5()`_9VH/7XG4D$$
M"]4T@DC9U3I;IY:?3XT[;W`-!^V?K`WT1\=:0HOJ5^[QITE/HKP](KILMY&G
MQ&+ZK3]ELJ%12GCN=Z4X:CNUC:I:P%DW!1;[]*D&FP:;T'U5]%-J;:9=R!IJ
M:=A@#D!A9:?-M*VW%-SPW]1X#3#2CI8U*CQ'\UM3Q+0VW]>X\_"@U',AUTJ3
M\*HVV87MKK^JI!EL?M>5?`?9J.[U*CQ[7W6OX5*1TCAPIL3MQ/E3P&HTCFK"
M&`&PN;?QU-L-_A_@_I%*>`H3MJ*SZ>VK6+'!(`OMJ8CH&QH21L.)VKQ/AX^C
M4:1C5MC0C2XZ5/,-C:HIZJ>/U<-M0)'/A6AQ\<#\?CY5+L!.U..VYKQ&_F=1
M6<ZU<P0KI85,,$[?9X[^5-CYZCL:M8HR*F8H)5Y4`K6I.]>'#:FFBU6$4=ZF
MFMJ<3Y?5Z/KTV6JPBB'4@U,L;`$T.U:4J/W#I):XMXU/CBM;32M4[AN,JQJ1
M#1>H]GN"Y=HDV]:X\2XRG9<*[0YD2+%M,N9":N+\^1&2PVVMQ+:EK]H\M=8O
MO;)$?;?,"_OF$BP;:2";$]0;`7)\P"*MN.A49N&=VVT@-[7U!N-+'J;#]76G
M<:XHR*%8+!>8&38O/OEX?MEUN\BXWV<S<'+A"GVQBXQ4V[(I5MPY],=49UM;
MR;@VTVM3++B72LH\D<1\1A<I\9CY2`0V*V`6U@=US87\;VMN]TD]!7793!EX
MTF))C.SS8\V^YW=8S:PW-J!:U_PW8`=:W/!F&8>*6",RYUF6+>TVVNC@YT!2
MN52>K1SDH=N8)-*52D^R/6G'3--QN%,Y]]HE)^DBYKG,N.JY$D:K[@-A]`%A
MY5O#5!0FE!N?(4I4\=+=_"G5QP!>U<[=^'+EC,BR93AV4L9!<I:566>KM]W)
M<M5VPR2NUAV3#O$^TVBX0K3=)$=Y;:V'_P"TY82XTMQ"V7.GC.Z,SF>(^'S<
M:=H\28A0M@=UKG<%+ZC0&Y7<ONG3<MZ7%S.V.ZCR6`Z"1\-]6=&,9-[$`^DU
M[EMH(=0WO`DA2!N/PTR,B5B&20K_`'F\7MR'FTY<5V\WN/?7F&I^/XW.>0B7
M$Y8?,J2^LN);2`'.8$J(YR?;_(S\AQIS,MB<EI&!)ZV%@!?J0!Y_8.E:;`XS
M%QU:#C8P,-;;0%VC4"Y"]!<^`^TUTNRDGT\*#@?TG5P9`:L#BD6TJBN_]B@W
MNR0[1/[1X5W/8ND:<'DY;B-ZR54`150_=T6V18LFQ*99I,DRE<LGWQ)04^R!
M4J&0[KDQ1BJ<F.)E-Q[RJ3H+Z$D$6MU%S2X!+'DXT44@4L3UW>P:6!%]?&PK
MA#NC\M/#;YA%QSC"!>NW691[/.O1[>6V#=<BQZ:[%B/2HUFL\+([Y<LM@3;@
MM*4)6[=)Z0I0"6]]L+!V;@\GQ[YV#ELLFYM!9D-O`="/K+5K.16;`>.%??+0
M*_UD&X\+]-#[1I7G9W)[7Y%\/_Y5;>X6`N.S;I^9-07/S7)8#4V,$)+4]N5#
MEQ0W-8=<YNBIE`/XE(6D@C-<KQTW!2)BYN,IE8$@AR01Y@J?;J+50+B<CE.\
MIR##""+'8A!/\VS`VZ?6/&W7G?([S'O,WWF'8[98V`U&:1%@2;I+HEAA+2>K
M)ND^;)=71.Y)YMA6M"3232AR"D*H/9<_;<FK+#QF@5A)E22.;G4*HU/@%`M]
MOV=*9VM^.THIF-K5&6'FDN,I]IEZ0R6TNJY'8[KZ6^6H;+G3XDA6Z5)C<`V\
M_P".CS(I"+Q/[X&H/4@>6A`/MM<]+^(M[",BR_M^O^E&!Y?.QF1%;@*N;+CO
M_%MR24N71J+/A.`P+I"DQ2WU(4IAR(ZI[IJ+@4K5E#FRXND<C*#8D?LZ:BX]
ME[C30U09G%8_*1M!F8Z2*P(OT/E<$:@^%Q8GV5Z]_`%W4N'=3NK*GXWVPQBS
M92KM(G$\XDV.:]8XV1Q['(7?LD[ASUSI%V@.W5V&XA]V/%3&8?=9#3"8S12A
M%-EY/%Q<UV4RB2)(N3@+7O)NE=V46UN%)8``:+Y&NC=GXN5C\;SZ%4*_E[17
MT2T:E3<FVI"GJ=3:[-U->KTR._%>>C2678TAAQ;3[#Z%LO,.MJ*'&765H2MI
MQM8(4D@$*%#KTN)P0"I!!Z>VJ:/!610R&Z^RHQPIW\?J)KZ-SH>MXWJ4O&^&
MW7Z*UK(\CL.*VN7?,EO%OL5I@MK=DW"Z2V8<5I"14U<>*0I9X)2FJU&@`)(J
MU-F101O--(%B47)/04[\#'&`SD`>T@5P9GGQWXM$[J]N^V?;F,G('[SW)B85
MG$F[VNZ0?RJ+(O4&S!^QOF1%9D/NO2'%)4M"T<K5"FIVS'^<</(S..QN.<2Q
MRRA&:Q``8@`J=+];^5OIJ%DO'!+Z*1_O0P!!%M+VTUZ^'33RKO5;J`>(V/II
MZ2"5$BFM3\0/.M`O%V'X=:J_+^]O:_`KA-M65Y3&MESM-B:RFYQ!#N4MZ#8'
M9BK<W<WA"AR$AMR<GII;25/$D$(H0=09N6PX'>.;("N`"1KT)L.@\34?+.#@
MO%%DR[7<&PL3H+ZZ#0:'K6?\^/:C_P!L[9_V?_S@_P`E._[+_P#"?[F_OA_B
M_P#OA_\`8:/XI?YX^W]/LZT?K<;_`(E?P;NA_#Y].OLZ^RO_T?+9MU*B"%"G
M#Z#:AU[`CE5F'O"U>?Y(2%MM-ZD6G-P0=AX5\]3XY-;@U`>.W45)M.#8$[^=
M1OX^.I\<@TUJ,\?4VTI^VY2G$^5-QOJQAEVVUJ#+%>]/VW-A^Y^SZ-6^/,+:
MU5SP$G2G25#C]?'5Q#,+5430'H:=H(/#C3Z>-=7&-D*#TJAS<(NM@1]E+!!I
M7]K;TUV.K['RB=&K*9O%J/>3KX_QGH/LM?VT0H)X<!]^K5)!X]:R>1AG7;J!
M2K2@*"NX_;]6G"34(1*0`W6]2#>X\:['QX'?]&F&.MZF)%N!4WOI2DFXP+5'
M][NDV/;X8D1HZY<M89C,N2Y#<5DOO*]EEHNNIJM5$I%22`"=47-\WQW`X+\E
MR<_IX:LH+=;;V"@GV7.I\!K6AX#MWD^XN0CXOC(PV8P8J"=H.U2Q%ST-@;7L
M+VUK;'8,F(\Y'EQUQWVP.=#@H0%)"T+21S(6TZA04E:24K20I)(-2XF9!/$D
M\$RO"PN"#<$?IX=1T.M+GX?-P\B;"SL)XLE#9E8:@^'LUZ@@E2""#;6J@/>#
M'XG<=C`9Z%Q&;C&BBT9"\I+=KE71YQ])A]9?*VJ*^0EIN0E1;3)26U;**F^*
MYGSJX7"[W?MS(5/R6RH,E3<";7<6U*F*Y"7%BI5FNP-AVG"^1W*9O9D/,022
MKW(UY!C.`JM%?W46X#+,5!<7)4EEC(4@M5V)0H**"A25`E*D*24K2I-0I*PH
M52I)%""`01KLA="H97!4BX(-P0>A!'4'PM7&!!)<QO"RR`D$$6((Z@@BX(.A
M!`(-QUJ0921MPVV`IN=O'PXZ89_*I$>.;G<+'P'Z=/MJ1:"_X-/K37;P\::C
MLR^=38X9!ILT^D5+QR3RI.QJ*[CQK4`@TX#3#L+7J?!&]PMK6ZU,QR!QK4$[
MUVIP\O,:B2&]7&-&%/0W_3V5,LK_``[C?@`=S]VH;^-7D`(L+W%3<5',/$T&
MU=O#[MM0I)+&M#B8Q<7`O4PQ5)"0"2:`>UOY$\.`]5!J.S@W-6L>,X(0#6I5
MI8"R0LFG*GB>7:I]D>6_'B?L`:W::U,$8#$*;@?I_LJ78=!`_%MMOY@GZQ72
M6(J7"I).X57F4]R)5LQZ!D6.BQSXKN;_`-"Y\#\P1>,HCRTIE<I7C%FD^_6^
M%<'HBFV)KRU`.*0`PX5JZ7(>X?FOA<9R.1Q6#Q\CY$%R[R@QPD*;%8WO9F%C
M?4!0"3>NH</\O\K-XZ#D\C,08\KJBK$?4E!;4%T75%-C;0DFPL*TC->V]HO7
M=:W]Z)Z[9*R7M3BEIDJP[)[%>\APHR[?/NUY:-\-@#=RFNL,29+ON@0PHHCH
M>)6G]0[B>X^Z\#D.8[=Y]<$/AY&%;:[I<;FE2VTBUP6!5KG]GW1UHY>UI(L'
MF.)ES9X^1AR``T2^[[A1R2QUL0""M@/,D74V$[D5^NB?Z2Y>W'O3LR^!$:!V
M\L5MMUFL3C[%Q=;]TMN0Q9TA4A*FQ&BKYYH"G5I>0&EN)//.1S,3(S7S\/'^
M&3<;+<E2JJM^IT)U)M87Z#H:U?#\8(.+>.3+>?+6.1&=]JDEXI2-%%[BP'XB
M;:FL]A[3"CW#N1D2I&0/W>Y7RU1'F[U)NCT:V6QI%WE0+7;&)B_=8`9#REOL
MMMM+YUI6KG2M*M=,^7W)9>;W!SL,F0SXB8\>P7N%L2"!?VGSL.E@;WA\O@8L
M/$+.,=5RAE*I:^I4QLW2_L\K]+^%6YF,VQ7J/9+&S<)L!^WY1"1EZTWN'&AS
M+-=(OND.TR+6TI,Y<2=[T[U5R"(R^5/+1:`%-]Y]TY_'YN?Q<;LH],>F4%F#
M%&+;F+^\I!6P55(/4VU"HL?@Y./X\Q&4<GO/J`B\;*2-H6P\KEKWZ=?"J<OV
M"=I+LW$MF#_D=@C6&Y3Y&:1K%<)N)3A;XDS)&(LMZXL6E41MM%OE,`J4]&4D
M-AQV2ZAOW17,GYG.,$3YDCRXZL#M.O@NX#R8VO>Q'3W3XQ^5Q8XH'@QHUC=Y
M18V`%_3]WIMTNVHOKYCPMKX#L*PK$<4SFTW*^LNQ$9A)D6IE^^0Y<*4;K8[#
M.#YN]IO.26F/)H4AUY^>&&RY[33(!0BV/(\]'AX9XO.:",S%G#*KC;[MU((#
M=.FVU@.MJZA\M9.U%XSE$Y_B1D3KHCJQ&VP-SU`-_K-^ESULH=S<-R*VN1\4
MR]V'>KCD-DL5AO$2R0KS9$7&2JZ+EVFYBXW&WO-3+A[M':AK0VMD.J4A:BM;
M83MN:[H;`7'CP989"4+,23:PMT((`/B;ZVZ"N=YT;MGE4QF])[[5`):]R-``
M;CH+C2][Z"M\RCN/W'[M=L[[BTO(,&Q)N`N*)CV$]F^WMDSYIZQ+0J5#@3L:
M=R"\P')DBTK;=C<[;BUU0Y[*U)UA9N3^(FC#^K++U&^5W4;M/PNUK6.AVZ=;
M7%4YP)8]N3+.=@>P]Q0;J=0&5`?"Y4-J?&U8@W"U0,<;N$RY7B+%M]IA2),_
M,+TW>[I/D24(2@&XQ+/:8H>>6L(:C],%L)`+BS4C2=M\_%BX.'C#`D9ILB7^
MS5=D2APNYR7%EOXB_CITOT>+BL?DH?B,OG,2&6/&0A97*M+96;;&`K;F`!N+
M@W(TZD>2/S%L<L>3X2_W%QR6[=IK>6V-E[H.EI5OA6;'KI&E3/<'UF2]:99E
M(2F4A"$>\,%&Z05JR??.4LG<<8#H5$`L=223K8$#;I:Y&Z_LJDC5)H,I(3(R
M*02`!L`Z;F)8-?WK#W/'\745Y!6*"U?9\]A<*.9$F)+=@M*EHM\.-)6`ZVHR
M7E=,):05<B%J/.0$\::R.1*(H@[L0`POI?3Z`+_3;H-::QHB\S)&H-U(&NVS
M>&I-K>0/4Z7J;';>Z35MP+#'E7:[M,JF3.B_:S;66`AQ99>EB:$0[HT6B/=5
MJ4XXDI4D@D(,)^1QX5,L\@2&]A<-<G3H+:KK^(:#[ZL8^,RLAQ!CPEYP"6`V
MD`6Z$WLK?T223X>5;_C-C<S2,7G8\=3:[:^5<L9#*.:R6'#;8`P77I57TM34
M%3P*"IU2^5*![.E\MGKA+#)*;;Y%`Z^()UM]%-=O\6W)9$\*"_IP,3<#P8+I
M?ST-^NM=Z_`X\\WAG=9ZUTAS;C\)/Q(19#\4!J2'(N%WJ"ATJ1R++I$5%%$[
M;4.LIW$\D>3"3(PV<AALIUT/JHVGT:]*W?;D4$_!Y8,8)?C\L,--2`RB_P!@
MZUK'9GYF&;1%L8O\0C+^78;(D,SAEF!6K&<2[CVFZPVIZ+1+F7.V6JWKRBPV
MR3/4MVT/NL1Y#54!25%MQOM&+W;R,<D#SS%B@"@DL1MTN"A)2Y`'O!-VG4W-
M^*'BY\$3OP\VQG=G*&P#,23^)1OM<Z+NVCH`!I7L#:N^':C*\"<[HXQGMDNN
M`LR8\.9?`ZY$7:+A(CQ)(M=\MDMMJY6JX->^I;*7&^DXZE09<=2GFUT>+E,7
M(C$T.0K1D=1K[/I\.ALUNH%ZZ-C\QQ!QWFR,A862VX/8$7-@;>-STMKJ+V)K
MR^^.?N7`[H]OD77"LRE7/!;+D-F=CSHD^>S98N7J5[A<5"U!UBX-3XUI?9"Y
M*83@4AU"$K._)SGN?D$S,RT,YD@],64$;3UOH1<FX'5@!UMXUD>;Y##RNX,6
M+!R$9!`"S;9`0;N>M]O2Q_`6M^UX5Y\]MX;%J[U=H[V[>UOV5[N;A$]J7=9L
M21(AVMR[V:[M2;[<;?-N-B@S4M25]>,J6)<=3:E/LLE0&J3@YO\`^Z\=N&TK
M.E_`7#V-@;&VFC6L1T)J<8$]?&?U;Q&1;$D$A3M;WF!*`ZFZ[KKX@5])C61V
MZ7#9N,6XQ)4"0P)+$Z-(9?B/1U(YQ(:E-.*8=84CV@L**:;UIKLIF\;^Z:ZI
M%B1RQB6-@T=KW&H(\[]*^>/O7=[SF/<3,NXMW?M,]-WS*X0DLB6R&6;=:)2;
M;;(SJX#L=0:9MC##!/.T\M:.=0"EU/(\GDFFY24D-ZC$W-M+7M8$Z$VZ6%C:
M_A7,^7@:9\S.DEC9/6*A=VMEN%T74```&Y!O;SJN/SF?_@5S\'6_DKK_`'O_
M`,*_W5_(_P#XC^2].IWYGD?XEOQVZCIY=/O_`!>VJ+8G]R.M_'[?Q?R5_]+R
M@;5,0'4BV37I+92A4%#0]ZZJE(3T0VHI2':KINH)KX@;Z]/0\K`V$N>@+8[`
M$:@$WM8"Y`N?I`OXVUKDLO$9B9LG'/&1E(2"+$V(&M[`]/'2_A:^E=,=N_AX
MS'N!VH[H]W(%QQ2QV?M+:F+MD./Y5E-DQW,;A'D%'(,<Q^X36Y-Z<"5UY6SS
M$@H2%.40<UE_-+@.+S,/%EX[D'2=`XD6']V%9@H-RXW:FY"!BJW9K*":TV/\
ML^7S,*;(?.QHY$9E],DEMRKN(8A2$!'X2Y&XZ`$URS;,\@7.\"TQ+?=E#E>Y
MKDJ*A%O0Y'2LN-+=ZQ=0X%H*0"@55Z-SJ^-[PPN3S4Q,7&G,;*2)2MDT%R";
MW!OIJ!<^S6L/F]NY.%CO+/-$'5K;`?>U-O$?7[![=*WUN<V"D=0)*Z\@40"H
MC<D`[D"NM>F;&EMTH`UZ^S4_96?;#=_PQDG3I[>@^DU*-2MTH(6IQ="VVA)4
MZLK"2E+;:`7'%JYA0)!))'GJ5%S>"<9\L9:''4,2P((]R^[I>Y%C<"F<CALV
M.9<9\1UG.VRD$'W[%38VT((L3YU)O=>%(5#N$67;IS9H]`N,.3`G,*HE7(]$
MEM,OMK2E8Y@1[)-#10($SB.X^/Y6%<G`R0\)Z'I?0'H=?'7VW%1>3[?S>/9(
M\N$J[+?V`$D=>FMKZ$BQ'C<#8HMIE/X[,R9IUA<&#=(EJD-`K]Y#\ULKC*;0
M4<CR'%^P0A2EI/XD@%)*I>^^(X_FH>%S)MDCXYF]0E1$%#[-K,6N&OT!6Q\#
M<&IT/RUYSD>V9^Y<.(/`F8N-Z(#F9F:,2!E4)M*6(UW7]G2[5$AOG6T'6'5M
M=-+ICOLR6T+6RV_TU.1W'&@ZAMT!::\S:ZI4`I*@-?QO<7'YL<TN+EJZ12,C
MD7&UT_$#<"Q'V'J+@@UA>3[6Y#"EBBS,,H\D8=.AW*PN"+$@W^T'0V(IT'XQ
M>7&4XV)#12'6"H!]OG07$=1JO.CF0DD5`J-]6^/W-QK2+"O*0F9C8+O4DFU[
M6O>]N@JCR>SN0V2,W$2B)`2Q]-@`.A)-M!?K?VTLLPV%1TO.M,JE=3W9+RT-
M*D=*G5Z`6I)>Z51S<M>6HKJQ?N/`@F3&GY*!,AK;59U5C?I9203>QZ#77RJH
M3LG(GB;)Q^*G>!;W949E%OQ>\-!:X)'AI>FUXR:P8YAV294\Y^<R;%<+)!1C
MEL?<8N3T6]K=::O+;[\%V#+CLR8CS/NS3OO!6@*5R-*2M7#N\OGKD=N\QD\?
MC<`D^!#*JF;UA[PL"^U0A`-B"I+$$=;$V'?.SO\`3[Q/,]K/SN=SLT>>8E9<
M=8?PEV*H69G!(!4[@%!OH#8!FIW)7I&;0[LJ1-D2NW^1Q;:V;:J"Y;<DQ"ZP
M@%N2)33I6IQOWE"5/M*"FUMGG;)":O9SE^Y5^8&-R>3!S'K]EYB1*T26];$E
MC`NS6+`C<-S+J&4W4G;=KCB>RX^QY,&/(XGT^YL8R%97!43QR$^Z+@'0':+Z
MJ0+BS"TO%[SW_%,#N&'77(+&T[B3,'%X:;[97;]<\KLMRF.S[39C>4VF4YCK
M=D;MZP[(CO193D0E*74*6M"N.]T=]]U<)G</V=Q.4R8V(TAEF$ALZ%%54D46
MWV23:"/)6-F45V#M[MSMC.XGF.Y^;QXILR01+#$T(9KAG<;'/]F`\>XVUU(6
MP8UM]F[3=J9L.SV.T9!8LI5EN*6G+,B[9P9U\N=PQI>30V+BN7VTRW*+38W&
M\SQY2T^\VY+TB-+2VB.])>4%2X]1V^>+[CAR1BP"+D4,@,,CAA*%8A_38LS1
ML-MUW:VLVJG<=+R7&KQQQT]4R8TL<;V"G<GJ*&5D)50X%[$>/X6`:X7TD^'[
MX4I/=SLEW<OQSU4WNEV#@6]^;;6K.K\J[C8*];1<L5SV`^^J+=H;]\QZ,_&F
MH=CE<:]VR6T_197TNO\`8_S:Y#A)N'[/Y;"]7"5_32<L1($:_I*RFZDQGW"+
M_A``)V^]R'OKY)<=SB\MW3@<@8N9D*EH@J^C(X4;I`=&4S)[Y)O>42$B[&VB
MY)V`[C8O-BVV1:6)DZ58;7DK$>VW.U7!;UHN\)=QB2(_NDQX2'$QD?K6F^9Y
MAQ26W$)6I*3U_"^9_:6:LS_FL<>UY$]^Z^]&;,"2!;4Z7M<7(O8VY1R_R,[S
MXR..2+C6R(P(RQB]X@2$@';U(&TW(!&H\"">=\BSG#L3N#=HO&16J+=_>[;;
MW[4)S4B='N%QE-PQ'>90EIYI4=Q7,\%(264"JZ`@ECB?F9V_F<?CS\AR./%G
MR3"/TE:[>_(40VN3:WO,?`:FP*WK^ZOE=R/!\[D\;Q4,T^!'")/5(%MPB#NM
MP!KN.U1;7I<D-;>;BN+8VH+USNUCCHN$!5SC@7ZS/.F"WT@](D,,3G9$-N.Z
M\&G"\AL(="D'VTJ`TT?<O`9&1F8D7+0?$07]12X7:`;$G=8$`]2"162?MGN#
M%Q,/.R.(R%Q9[>FVVX:XN`+7-[7Z@&@N^6J"RF7/NMMA1E.=-,F7-BQHZG.7
MF"$O/NMME9`K0$F@KJ5DYN%C1>OD9D4<)-@S.JK?RN3:_LIK%Q<J:7TH<61Y
M!X*I)^P#I3RUY=C$^68$#)+!.FI=4RJ)$N]OD2D.A*%J:5'8D+=#B4K22"*C
MF'F-5?YSP^1+\/!RN,^1NV[5E1FO:]K!B;V\+7K28O%\H@]:;CIUBV[MQC<`
M"]KW*VM[>E7#B\S#8CZYV=Y+%Q/%H##TF\7^<VMUFWL-M_JR6FP.H[)E+;9;
M"U-M]1Q/.XVBJTXGO_G>0[=[=Y#E>-Q4GS8@NR-FVJS,RJ`S`,0-;DA6-OV3
M79?ECQG;O(<UC0=R2RQ\802S(`6`"FU@?;:_4@7(!(L=>C=U.P=_RL6S'.^.
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M88;&R5,B8EI#B4H+B)CJH<"+U&(J''6DJ<4@-(4L`E/M:@\/WS@)CSMW!RD4
M4@=0FX!2P9;FP&I`\[:=/*K#,X&5IHTXK$9E"$M8E@+6ZDZ`F_0?3I52X_E\
M#&X,>_\`])[7+AW/N_B[BX\.7;84-FQ3I]YNS?O5T;B-<C=PB,*2^M0"HY/.
MM82DJ/F3OMX^5SN7,4%L)SD,DAW,S'W@&"^6H*>8-K5Z#[4R?RSA,'?FB3-6
M;'4Q`JJ(MB;;M->HDL-#K=O'J?(+YE([AY_C>,0+->;=#A6ZRWA$X7.U0);[
MT5N<Q<&;NGM_E5JOPN-HR!U*Y3TGD4TH(HWTF5MXWA3@Y/;O#9L\K&=2UQ>Y
M5A;W;,RE=H52%`L#T.MJA=RF5.8Y-8?PN_4C1@1>ZD#4&Y%S[:UYVQ7+&'9;
MF0=N,6QA-KSK'\ALLC"LCA2H\R)#LF03)<NWF-BUKDSYD9N(_#?6\J,*RD47
MRH5U+M<KXA<5X<A[DN`)!:U]HUN3H;W%K]/;:JB!%CQ,F&15]Y[74WZPRCV=
M+_?7/[.!YAB'=+(+'%QN/G%^R1FTWZ?;C<\J[>-Q9+]O:GQ'KI=ILO'<<OTR
MSVEL/R)!F*94@K:0XOD*=:F3+RL#?Z3A;R!6LS`:+>]P+;3KTN;D:"JG$Q8L
MQ)S-F2111@-JJMN&]$&U202R[CI?\()Z=+N[?8!W'O>#]PKP^GM[A]P[:OXS
M?[Q;+W"G7BXS9<[*[5C=LCP<EGY;D;UQBQ6)K:QRO/L/1%`-I!6DIH>1Y4R9
M>.F0COD,2I.\DCW;#KKTZ7Z>72IL^!'&(<Y<II(B@=?="@@$ZWN>A!O:_CJ:
MKKN:[D-DA-7YB\O7YVY3+[BDTP>T4G)<AC.QC,_I4Y#L5N[SL3X5CFRG66H-
MT;-N9D>\A"VFRI:A!&1&JR(\93<ZD:V4]0OO%0+V!)4ZV&@-C2<Z+(RX\=E<
M?#)=A<BX`"DW50S:D@7MM!-BVH-8^#S-&XV%WW#,YR06K-K[DUYAQ8.3P1CM
MXDVV5:8#=D=59U4=??5`MRG.BP'UCI@*)KS#8)E6XX,I1G0DC46_#]5QYFXT
MN>M'V]F8>++*N3,T>.[D-8@$@&Q`)TW7OMN+;MH-P=+7[/8.+;^66R)$P?\`
M.;==)PNE^R&Z%^(F"Z+GUDR83.61HX:F1WTMI#*FVB!5U:P>HY6YN1%,V^=@
ML2):UM";7%MUP3[MM;VO8#RB)DYDLZR1.QE8DJ%ON47`.JZVNQ-[V.NMJC)7
MQ@?#ABW;N[7_`"!R-*RZ+[_;7\2Q:,_C]XGY%;'HBK?)MMJ7^:R$6J68R%..
M.W'I)Y>5;AJ$ZCC*:/TW$VZ(!;`6Z=38[0+@^(!`^^FIX')9)([2,S7))N#X
M7]Z^NFFAKE#N)\X?O1F=DN6,,879&[(AEABT-7IG')[EN3#;+,*?,9MF$V1M
MV<S)Z2Z)4TSR@M*2X%\VJ+$Q(\,X[Q/+NC<,O[QR/#2Q8Z$7!\[^>M6<>1*R
MMO\`2?<A7\`N`002#<$'7KX$5P'<.^W=;NOD3T.]OMW%O)5L1;A:K?:2[$CQ
M1$>@W6?!@J,LPGW+2^_UY*=VT*4L%%*B=GSG.=9\G:K*0!8[1>_NCKK[UM#>
MY\Z5AN^(S10OI*NT^Z&-CUMIH;7]X6(&MQUK:?AOL]KDY#W$MN16NZ7G"[7B
MDMG(Y-J#[-E]Q.10(\&9ELVW)=O;..OW+I(YX02YU%-@GEJ#@^]99XL7BSB9
M$47*-D#T@]BY;TVW"%7(0R[-Q`?2P;2];7LJ/&?-Y-,V"27BE@/J[+A-HD6Q
MF9`9!%NL"8[->VMK@Z)=LI<Q.^.1<'DVRU-^]2&XIQNYS9Z)+"G5)8#\.X-M
M-PYO2"4.NCW=8()H%CFU:X_'KGX2_FB/(2H)$BJ"#X_AO<7N0#N'AJ-*@97(
MOQN<WY.Z1`,0/2=F#*>E]W1K6!8;3I?0ZUT-\'=J1=LNSJQY"Q":B6/"L@G-
M>[<K\5$R?>,6?=$9SK.1G([C"$!'(2>5->90I3(?-#+DCX+@I<8M<YJ+<W!_
M`_7R/U5N/DY@Q/W9S\&6JD#`=K:%1[\=K6T(MY'QKH;Y6$.3FV5=YL(AL";/
M7\,/?2VV^*Z]&CI!R&';[.PZVN4ZVRE+4BZ*4LD@!`)-`"1/^9,D?&\7B<I,
M^S'CR\9W;714;4FP)/AT!K,]C9#9+9O&Q&\SP3H@\]PN`+Z:D'K:O*^^=O\`
M)+->$X^_#:&118]X_.<=9DH7><;GXS=;K9+W:\AAN=(VZ\,3+*X[[M52RRZT
M14K`.WBY'#R($RXI/^E<(4?]AU=5970^*G=UTUOY7K%R8L\#>E+M,HW;E_:0
MJS*586T/NWZG0CZ*MGX4K-W9RKOKV[[?=HLH9QC*.XF6X_B4:XW1Z?$Q%2+O
M=8\-+V8>[6F[G^BT=#JGYBG(<@(80I0:4H`:ER\V.!QLKDII]N+&A9QX,JZV
ML="3X:=:KLCAX>=5.,?&,GJ$``$[KW!%B#<$'6X.EJ]E_B5^7UWBOUA[AVRQ
M3[=<6<$?OV0]R6\>L\.WXT\U:KI*DFY61S('+'=&[8R(+KH:;DN-?JUJ9YTN
MA)YMVQ\T.$YK,RLCD8VQ<%R/3).]D-M5>SVU/B#<7`V^-=+R_E3C<9QO$KB9
M;-GB,C<PUDN=/YHN`;$L/"^ZOGPN)5$GRK1:YS]PB,2R8ZDMNLI>?(2UUVHO
M.]R.JH$UKS$``ZZC+)&K[X#IYD6/G^FM<Z$=FD@:0N@.E@0#X=+U?';SNM\0
ML#"[A@F)YUF=LPF7(]\>M,1HS;?)EQ(S$9N/(>6R_-9MC,;E!83SQA_]7S&N
MI$.=D6M+F,$_".AU(L%U\"!TZ:58P2<HL1QL&280%=55G"V'6X732_EX^TU5
M<W`LH6ZZXTT]/>4I+TCHM26U&2^_5Q"6GF675+`6EPGII%":<-(:")5649B`
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MPR*C*Q.@LRR*;@!=?3.HU`\>%)<>3"3.:L>31H]IFRW7(T=^Z+0^A")+@9ZS
M\20&E3#&Z2U.,T2]S>`I6[AR.21IXL7D)$A#W`WVN/!K+H#U'GIY5F'3$7&Q
MVR<>)W=/>TTW>(]XDVZ$=="+FXJ&*;NXOIIR&$^I+BE-R%7^YN/-@*2H%(3)
M*`KF`)4$G>A!VTEVY7(#*_(2.AO<&0D:]>OGXTA)>/QVC9,1$?0W"@=.AT(.
MGA1W;9.=2PKWN"Y*;2E)EJR&:JJTO+/.6G`'&D".4(`2H4*.:M#RAGX+.8!3
M(2/:VE.MR&'N+,JDGV>SSW?ITIW'M5\5*CNKO5LYHPY8[JLANK3D=I2BMQJ,
M_P!=2F$+4HDTK4DZ=Q\/DH)%EQ\AHY`205;:1YV(Z4F;.P)HC'*B,MK68`BW
MT%NGLJPVI6;6NTP[9;.X\!^U=65<Q:F<DN\9R+='&T6]I<\/L+9EI3&ALK:0
M%.(:!(24KYEJ=_+N39M_Q)+6M<MJ!<GQ!TN;Z>-Z5'W`K8YQ&4QP*X;;N]UB
M55219P=`H47&@`TUH]QR#N)>8,2%+OF'5B1HMOCW%N8XQ=_=H+ZGHO4N,,B6
MXYU%DE:E<RDT2HE*4I3,CQ^>$<D:9!&]]S'<;L2`NHZ&X&NGO$DM<F](GY/C
MYC"98T)C0*NBW"J20`U]PM>PUT``%@!1T7+N,ZAUR1D^/37_`,O7;4/RKF\N
M8W#<0EH0X\LNID1XH9'(E+12$)/LTIIU,;N,$21Y!]6]]P(#7\[@`[K@6)][
MRI+<KQS[UD"E"FVQU&TC;M%V-EMIM!`MX5)X_)SYIY=N_/\`"[;%O:7+=-FS
M+A?IC5J;N#T1$VY,]"1)EL*Z<5'.EE)3R)/*BIKHYHNZ43.R!$^1/)&01N4N
MUCN`4N0`;D@:@:^52N(S.'DR,3`&;#AXK26WN&]./=M!<B(,Q``%[*VGA?6I
MP9+DMKDPK/%O^#26L74&+9>V(_=&-;KDF`N?<8,^1'A"*]*EBX2G$-.264@%
MP5`0DJ%'/Q?+YV`(9\'(B1ULZ*JEC>VC$AETZ>Z0*T,'<&+QF<RXO)8DQA>R
M2[IU1MI:SA59&-SK[Z^6@UKHBYO]N6,9S3(+UW_P3)\YQY:H.*X=AG;?N79K
M5G=ED3)0F%=US#MXQ!MDWW2YO.M,W)M2!+4I)6A-'A2\3P/,\6\N)Q_&YV-A
M26WL9M21T]U)18"PUL#;0KJ:/N?O&3G<O"R,[)X[*;:Q8A"OIW-PHWJ"Q8LQ
M-R5!U!Z5SOC7;.P9'%N:',@[:6%F5DT417\A=[L350K4B),=?NETFXIAE[4Y
M`6J0VR@,NLOI<;4IR(I!0I-O+Q'-&2(GC\EVVV+CT=I)M_.DOIUT!\@:B8^7
M@O!)Z`Q3&&O8>N64`&UR/=MK;KU`)%7K`QOLO;W;#3.^WF326W+C:)D<3>YL
M=^R0[+<F6+3</S/+\%PIF5%F0.FEA+$B4KW6/1;+)6&Q+X7@\R/)EDGPI`!N
M-B$0DCP7]X![YO8GKN]XBQ-6,//<+//%!ES0")54!B7(&NA)+,UD4`$`6LHV
MKKKU#V.[PW[MODYO&!=Z+5@#3UJ=M\H1K@_>F)=N0F[2W,=G6YYFZM7&WW25
M>IC:D+!0AQX+04@J4C79?`<MD^@F%BR&)5`_\L@!6)`%S<:NS`BY&T=#:G7[
MF[>7U?4S<<H]KH9&U.I!ZV(!N"+C\5QU-NC_`(:_C:S#X9H;[&"Y7AD<0HD%
M4F%D1:R)[)K@TW:[-*,R)-AQOR6;(MD5IQR0Q);JVPI*TR5-QDZRD7RRY?%Y
M//SFGR\@9#;F1PHC!;<=RV??N72]P`P/B1<6W+=_=N<IQO'\7,,*-L=-BRK(
M?5(4"V_50PTTZD&YT!(/&'?+L]V%[W9]W/[U77O]8L:R/N+E63YFK!(F*7]R
M+;<PR^]1;[=`J\V13T<84S-GR5M*;C&=U4E!CH0$O+L5[:YN+(:.7@\Q<%?V
ME$<FEO!0X=CH-`/'4WZ\YS9N&:*7)Q^Y>/?+#$A&=DN"1INNZ@@'4L0#;0:U
M5B_@?[<2<?MMXO/Q==K[?=GX<B[RK)'BY-E;UO0^Q*D&P3FX0C=5^)+B,J6]
M$DR5RU78<D=DPY%9"<#/-%N;$Y3XP$64X4P0DZF[W-E!!UMX]*K),ATGD"\C
MQ0PF5O>^.B+KMZ66VI:_GI8DG4"N?)G8:YBQB&,XP*\O">XM*Y-TR]E:&92+
M:^IZ+;_R2/"CNPWF7VU..R'ENLO\B6FW$$F//P?<LA7'/#9SP7)OZ<FV^@Z%
M>IN;&W0:D:`EBS\1$DN4W<?'I-HNSU%+6U-PPT(%A<7&ITOJ1:78?X=<!@YL
MS<NZW>-.%6*V!Y'O/;ER_7/(KS)DQT3+68K#]AML*%8*I4S.+MR:GM.(]AM*
MBVK18?!=VPY<)Q.#SX)PNX2['`4@@;25!<-K=2%*V!-^E/SYG!-CSM+W%Q\L
M6[84##<P()+`,54IH!9B#?\`9(JV,@^'_L>UW'M<_`?B/DR,7M\2V7F<ONC!
MSR2[D-S9N:6[G9YT>Q8A?XA3/0MMPDH#0CM4H7`2);\+WB<FV;Q.?,CABS!9
M'!;2P(:S>]_.L;%?_#=<3=KRX3/'W9QT$X(4(QVFQ#'>&CWK92`"M[G>+7`8
MBELK[0,63(42;)G';3)(<_);D\^SC;>9LQHMNB7N.]$<E)R'`;,WT;A&NKI9
M0A+R@Q#<#O*HL(>LL'B.>6.9!P66@ZZPOX7&W12;]/98CWNMJO(R.(Q=MNX\
M*;=_,E&GM.[:+?RUO&>=H9.9R</R"W=W>V./V2*Y%QM_%;U*RJ5<;3$6O(92
M+RTC'L!N*X]JM<>6J.F*DE+7,TEE2DNNI8@Q<%W?#DL@[9SWB`!N%6S?LV3=
M)?3<3[P0D7OJ=9\F1V^T(FA[HXU(W<G:9%#*>OO!$T!M;3=J1K78^27+'(_:
MWMUBC7=/!W;UB.*RL>O\2PIO%\L.0);>:CP9+-QN4*Q3HJ9%NHXIA4.B'@H*
M"B.?4OD^S^Z.6R,.:/M^=0@VDN+6%K:#Q\];];#I6?@[EQL$YZ#F,"3!DC!&
MV1A*)!:P*%`&4^8=6TOJ#6CS>WW:#,\)M%BNV96ENY1YC=RD.6''NW]DC)N3
MJW[<XY/=RGN39E2;?!L5QD&.W#8:6+CTG`&VT*`J<OL[OCTTC_(+[3H`TA;3
MQ.R%@+GP+:^.FM3_`/,_"P!&7E$:)Q?HNA`-E)+B^NI*J+#P)-ATO:>]^#XD
MH0;#CV$Y)?,8NUEM%NN5V8:2FZV&S66/%?NXN4CN!D-DF7!:(;D>,TICW<GW
M8%Q"5+<:I^/^4GS(R%?\O[9Y`12%F;;&67<=+6,0.HL2?8=+VO$Y#YN]B<)&
M8^XNY.->17]TRSHCA2+VT8`*IT`N6NW0BYJ5N_>F/G5UM<C*I?9'&DXM89$Z
M+:[_`(CGS3N37*4S(1(C2'NUGO..W%J<"60R]<H;D=#@6IQ`ZE9N7\H>_L?$
MF1^W><+R/8F+'/[O0@,"4">-[@,;J-!T+O!_.'Y:\J\,2=X=OP[&]55?*0O)
MM%]@4N&)_9-]H()UJF;-AF&.Y/=I.:_$)'N#UW0[`;R*TW1YIY-I4W1"9-ID
M8SD_NJ41V$PTE,IV6G97*EGVTO\`)=F_,.'!@^&[+Y)YAJ0T8)&H`-_4!)-[
M_A.@-[$6K?\`:W<?RFYB67\Y[QPTA0Z.DIC1SJ=H1XRVW2Q-P`2+-8@T^[U#
M$;SV\>Q^S=W+_9L>L\)VX7B5C=[<3&R65&>MS5O=NN.&T_TBR[\L4VF4S%1;
MV$GW=:B@.(9)K>/^7O>B/F9V3VOF[F_>%?3NRV74J!JO3Q)(/E4KG^YOEVD>
M*D'-S@1QF*)RT8BZDIO;;9@Q;;[I-QIX$UY4Y%W5[^9)<[U+NW<1=K1;\8G6
MFT0[)`OEM<3;&?=5Q,<Q6Y6?#I\RWO7&1,+SJEO16I/0?1(DMJ4WS%-VWW)D
MLLC]O9S6;^YDL.NK"PN`-!UM<&W6L-%W#VEBHT$G<?'HQ3HT\09S<$`:D7W6
M)Z:`K<:`[+VA[4Q\^S.PWCN/WF5"N,VU.3KI?<FLG<>_.X_)M4BXQ;;:W95L
MA3<EN4N9;;7%#;T)E7N2)R3U&RPXXW0\QA]U<9C3MC]I93E?P@@QAM!TW(0.
MI_%8&WM`.K[=Q>UN>R,:%NY(%QBWO^B$F87)OH)%!(T;0GK;VCT"[%WKO%/R
MG,I]BRB%W-O.50,RQHVC,L_QFR6[.;+,Q[(+==KG?,<O62VFVX[';@7:L1$D
M+4RZJK:>9M+:\1W'+W9+B8PR(,K!5V4R%8I1Z9%CM67TPCZ;A[K+X`:-<=5X
M7M[L/$EY1(CB9R0,PQR\L0,X5S9GQBYFA#$(2&1AMO<BUC27=WMWVONPNDGN
M9`N/9Z_3(]AA8=C>-M=L56Y</'[2F";]FS9RRS(NSDM1:;;6S.6[)<$A]Q(#
MJ5.5_'GOS$Q\3X6),['#.9RWQ`()-U6(>DP70F]U)'2]Z@<OC]DY^3DMR?\`
MT>=M48_IMBLMK68RGU0S6(4`!P---*Y1[C=L<,=QVQ6G%80L(C![\HR?-<TQ
M>#%>BJD.3+O$>E6O'8T+)Q(F3%+AOMRGGVF0ELN+2E++6GP9^:7)R)\N-GBW
M6,21L6!(&T^])=;`6?W`I.NGXCD,W!X?T(,?&:-)PO\`:M,FTZG=^%"&ZC9:
M0M8=3?:MC_"UG>,_#QW0BWK+L$[3?$3`M#636-%LLV1WNPW*[6;((4NR9"PF
M^)CVNYM0KQ9I+L5/O-N<DQX\A=$LJYAJZ7$^.R8#EQ9,6.C!RA5&5F0[HR1[
MWX'"M;<+D6-^E4LFW"Q,E,>?#DR)!M5_48-&#H^TW6Q=25OM:P-P17/5R[M9
M3V]R#.&NVDK&L2M_<?$(^*9);[`J9=H\&V.SHTZXV@R<DA=6-<'IL0"2[&26
M.5:NBM(W3&YS@>)[CS,3)Y+#9AB99GA#-M"OM(4V0C<JAC8-XCW@?&?P7.<M
MVUC9$'&YR+)DX8@E9!OW(2"_X@VUG*^\4%K$[;>'/ZH3SR7I!GVY4D3.DIE<
MT"2^%MN/.S$RG`(2XZ%`)4I3_44M8"4J',4VMMH%A[M5EMQ-S[Q/C_#<Z5T?
M\.N<W'&,VFP[GEU@QNUY3;T6"[7J[7%A,&+!CMM/-I6NWK<*>NW`0PAWD<;2
MX4=3E02XG)=W\-'RO$!1C-++!)ZJ(O4N`P'4'^=J--+V.E;7L?N";@^=>8Y,
M<2SP^A([]%0E2;%6&ON``^]]&MZ[/NWQ4+[+99VQR_L-:NV/;ZY]I,1NW;BW
M7C#\DM=QC=PH&0W&_,W+*,HC2+@S+NTJZV6Y-A]82$L.,MK3TW`A26L[$'=O
M"S<=R^%+$N5CQB46*N"B+<#0J"7!-K:WZ'I4*!X>V>7DRN*S8<F./*E:.[;H
M]KNQ72X;:%(MKI86MUKAKNOGEU[J9Q=NZ5VFX;$[D95?)5^R6Y8Y<[+98%QO
M3S[2S.>A%V':HLF2^R'WW&T)3)><6XZM2RM9M^'X^#B<'&XO%$GY=!&L<:N+
ME546M>US]!Z=``-*J.3>;DLJ;.F$(RY9"S;&`6['VM8?3]9-[FMT[)7%["EW
M9U[..WL5=VMKDR;'O.9V!,)4BW1W;[;8):9M&7(?N#MR8Z<926F&VYKS9=>9
M;074,\HTN5LQXHW`5NI@9P;^[8$E0M[V))M:]]*G<7AR8CMD#,QE)`)!FC'3
M4$CWRUK7L!NOT!-A72=Z^(ONQD$^QW7_`%AK=#:198D*X8U<>X]FO>+WZT-Q
MK>Q'M]XQN7>XML0L1V^DZE33)6D$*0E063D5X;CXOC().W7<^J6#I#L97U.Y
M&"G=8FZD;@">I&@UAS^3RFQ)H^X<>-/3L4;(&UE-@0ZEEVD_M`[2?+QK8L.[
MF8!V][<Q\@MS'PSVN_=JIEVR/!0+9C=_[AY'D=R-IDIG7J\6:])GSU6&[6N,
MJT%(<>CM*=#B!R=9^OGXSF9^7@*YG)219C;90?42*!5M;:K1;??6^X%B-P)&
MW>4%I@IQ&#Q'*9&1)Q@GQD#1*)(9'F8WN`$FWW4VZ+<J1<'8&-?V/'9&43,U
M8S;XD.UDE$JQWV18X&'W3LU8[7+O3MT_I&FWR$YGEG;==@L4B;=7"9,1,N7R
M#H(86A"FT:,ODXHPH>,[;F#1E03,T@L@]VX-GWM8=#XV.M[BOQ8UG.9)R7=6
M+L<$[8VBU8^\=+@`7/A[;D="PFX?DDKMAF%INV6XKCV,V[)K5&BY)BUW[47B
MW3<U@,2WI5ID9=:L[#[TABR&0ZDVI4V-,="4K6/86G49W.Y*8.%%^0(Y5G&\
M+)ZA'N@_A4J5OMU900-1H35=AX6!GYN7A3]T18]T1RJ/`0O74J95;=UT5@"=
M";Z57G]`7?\`>_PO_MY[_P#WWN'#_P!LO[M_NO\`B?\`WFJG\R?_`/9J?^PO
M^`_\O\/Z>567^6>$_P#]E0?^O]/H/['_`!']O^+_`-W^'_WM?__4XWOGS=/C
M`N4535Y[E]1N0W);DI.-X9"6MN2VIF6RS[IC\A;3$E"E(6ELI2I*BE0(*@=)
M\+PD(0S\;&]F#`'S4W!%CU!`(/4$7ZUH!W?R!'[J)5TM<:?P[OOKBF3W[BW*
M&ZS*L4Z<AYXK?82(C$5;:E!)Z$A]3A0L(%4*Z*N56]-7$W.8<N+-",$&1E*B
MX!4:6&A.MOH'U55R<K%)M,L;-[UR!87UN;-8V)^@UHF09+AEU>B/0L1FQ!;V
M(S,!E^XLJ#"8[33;3;B84:(S*Y$,("UJ2%/*25J`*E#6#BP\I$(DRP6/6RV_
MA)(_BJ1D\EQDDB/C\:ZA;;0S@VMY@*`?L%^I`O:I3NU,.3+P[,;JPY;Y.78S
M=K@W[C'MB'ILJ#?LBL;<J0J*U;X[++ETM1YRW&;2M'.$^TG5_C<=C\;@\*SL
MY$L,A%K7)]22-;DL3M!07O<V!`-P*H.3Y.;F^0YJ1D59%>,6'3^S5VT`503N
M)T`%R#:J>:A3BGFZSIJ!0E:=QMN"%4-:ZEA'\ZSY91UIZB+.V_6*H/$N4]/@
MHZ<"24@LGE3UF-+_`'[WJ'4/D/,BFG%CE_G:_322Z6_#]U/T,2`3^L]=%J%/
M15*M/+%-X/\`?^JFV=/*GJ&)&PZIIL3[2@3]JDU^W4I(9]!ZFGTFF2Z:^[4@
MTPX:?VQRD4_'S@)(\B'"2=3(X9-/W]C[;_KIIG'\S]/LIV&I`V$UD[`TZK@^
MY0K74D),-!D+]I_CILE;_P!F:>M(E>SRO-KWK7F2:4/I\=]2(UFTM(#2&].^
MJD5,,HNJ04I>:`(/L!3(4KU`J\]642YR^ZLJV/A<4RWI=2#]].T,7@*XDU(!
M*6VU4(\RE*J!(IPT\L?(@^)^H&FV,%NMOKJ9B.7%*O;?(&VW*I.^PHFJ*?6?
MLU98\F:A&Z73ZQ_%4=XX&'X;U./2IB^0KD.\W+11ZPK4<//:GJU:RY.4VTM,
MU[>=1%QH"6N@/TB@B5*\)+]3M1/36-OK0=O6=!,G)\)WO[+']5)?$QK7]%=O
MUBG:)DH)%9DL;@GV$4IY_C('Z-2ERLFP)RI?L'ZZB-AXU],:,_[S?JIPF5(5
M6MQDIX<O,RCA4[`HH3OJ0N1.2;Y\@'M4?Q4RV-CBUL%#]#'^.EDR'AO[^]QH
M?U*C^A-`-.B>4?\`SK_U:9./"?\`Y-?ZW\M+HDOUVN+N_FT:^K<';3RY$_AG
M-]E!,6%C;X);?^+^6C^^245K/6=QN&OMWZ2J??I0RYUO?,/V?R&BEPX`;?!C
M[?Y:53<'_&2\:;UY%$)'G5+%#6NG!G3#KDM?Z#_$M1C@Q$Z0+]H_C:EDW=:!
M_="U$5_>.#[:@<WW:>')RJ!^_);Z#3+<=$3<Q+;Z12B+[)K1*DF@_?*I4_6X
M#PT\G-99_";_`*?334G'8*CWV`'U?JK8(%PDRDT=2RM'AS))WX&GZQ0&M?P7
M<?-8KAH)`#]?\35@>Z>U^U^8@,'(XZR1^T*?LNM.7YS\-!Z45/"I4*5.X%*\
M3PU<<MW9SN2O[Y#:W@3;^$UE>W>R.R^#9OR](@]_YB[OM`!K7U9%<^K1%O<<
MWV(=2BHKONIE=.'D=8B3GN4]0VPV/^\/XT-=-QL;@U0#XM01I8*?H_G"IN-=
M[V^D)_+0A!/%R6$CEXDT3;"1Q\Z:L>.Y[F/77T\1;D_SP/\`^$:'-+VZ_',D
M^4PC`UTTM]4@T^NG8677`.1'4K[1:=<>`/$U4(R$U%-=FXC+[LEQU;X./9[9
M0#]GI"O'G=^?\HH>0=9>7F,^[WO3A9Q?Z3.0#]`J[,6LF8RK<EVU!2&'$`ME
MMMYPE)2:>RA]@CZ<-<;^8.5R29)2=XUD!UN`?OM7NK_3SW'PT?;L61PF%E2X
M+1C:4N"1;0[0XM]!I-C&.XD2ZF2B3.971Q!=B0)A>"7!RJ'L75A1!22#[5"/
M#6>P,GD<O#6%\F(Q`@V*@C3IU-ONJA^8G?G'<3SD^0.'S%R""+AB'UTL>I]A
M][[:%_PS)[HSRS;]?D/!`1SNVH`H"?92$.2<@>44@_Q=M71_,_AS'!RHB4W_
M``BVOT`V_77`,CYF\;^8G(D[9DFF72\C!C8'34B]M>@.E:(KLN_<D-BZY]GI
M0U5+3$4QVVF@H^TAM"W7N1->/**[ZRDG;G(Y$S%^?R`6Z['"W^GW3]]:_P#^
MO&/#A@1=LQAE%EWQLRCZO64Z>P5.6/L[C&,3H^0M=P.Z$"Y02XIF?&N\R$\P
MI:%(*FW;:8\A',E9!HM.QU)PNQY9\U0W+YKW'^(&M^HZ#K6'[H_U'<OC\+.Z
M\3QJ`']O"E8"U[$`RL#;0ZD?358#L1V:,J1)N$*XW1YYYUUR3/NF0N.OK<65
M*==6W-YU+=)J>8DDG?6AQ_DCV.TGJ96%-)(=3NFD-R>MRK+K7GK-_P!9'^H6
M17@X[FL&"`:+Z6)C:`:#:)5>PMT!O[:EVNU78F$D!&*VA91L%2G\E?J?XP??
M<0H_5K2XOR=^7,6G^6H3[6>9O^*0UE)_]3O^IS.;]Y\Q,M0?[N#CX_\`@@4U
M-6G$^UT![KVG$,-8<14!]VT+=5^'=85)A+J2#P*A74C)^6OR^QD`3MW$O[$!
M/VM<UI^UOFY_J%YC*5\KOWE67Q+2%5^FT6T>W1AY?3<UY[IY'<X5HM\G*YLV
M-9+<FU6F*[<0]&M=O0FB84*/+;Y(<<)V"$`)`UE\OL?M/XOX@\#B;[C4Q*3I
MT%R/#RKUSV3W7WQ'Q?PTG<N>SFY;]])8DBY)7<;7\P:IJYR42GEO.K8=<5^)
M15!JK8#\*`@&H&MCBC!Q,=8<=(DC4:`>B-/]X5&R.WUY#-;,Y/'>;*8W+M\0
MQO[;&W3V>PU%PI;MNEM3+=(]QEM*"VI,1V+'>;6D^RI#C?(M)!\CJHS,?"R@
M\<T4+QN""#Z!!^G36]=#X;U^+])\,R1/&05*B8$6/A<Z6J\+#WY[P6D7^1#[
MF94U*O<!,"XO*O;$AZ;%0TIIMEU<A;CI0AM1`Y345VU@<_Y>]E9(Q5E[;P=L
M;DJ!'&`"3<GW1XGSKJ.'W[W<OQ,AY_+=V0:LQ/333=T/M6JC_IOFK34>&UEF
M0-Q8<QV=$CHN#ICQYCIJ[)9:ZG30ZX=R0-]3Y>VN!DEDD;B,8R,NTGT8C=1T
M'X>E5L7<G/1)&J<MDA%8L!ZLFC'QZU!L7B]0Y%YDQ+O<(LC(8LB%>WXZ.D[=
MX<M07)C7%;7*9;,A6ZTN<R5'B-'-V_P\J8\<O'0,D+!D!@C(5EZ%?=T(\#11
M\_R\4F3,G(SK),"'(E<%@>H;76]1C+TB-;YMKC2'H]NN);_,+>S%0U$F]$\[
M7O4=*`U(Z2OP\P-"=M+EXKCY#$\F%"SH25)@0D$^()72XIF#E>0@CGBAS94C
ME4!P)7`8`WL;'4`_IK4;^50/^"Q?Q?X+A\?_`-/^YH_RO"_PT/X_[F/_`-G[
MJ/X_+_Q,G]C?^U;_`-K[_OK_U?K_`%_*P^7`X>9?P1_#4M5:U7VHQ51KYU,`
MFNEF1R;ES>D[5_FT8?*S^7&-A\$OPU@#P':G%0/+A[AH>I)_/-#8G\T5G^JT
M^7'_`+DOPU\*?_U3BO#R_O?H>H_\\T-B_P`T4\D_+$^7E,C0X<KX,?ATD1+<
MRN-`CO=KL8<9AQW)#DMQB,VJ"4L-+E/+<*4@`N+4KB22X^5D2)'$\[&-!903
MH`26L/(7)/TDFD+#"C2.D:AV-R0-20+7/GH`/H%-D?*X^7.V`&_@I^&]`%*!
M/:O%T@4X``0.`T%R<A``LS`?2:)L>!R2T*DGV4M_5@?+M(H?@M^'$^OM9BY_
M3`TOXW+(L<E[?2:3\)B_X=/L%%_JOOEU_P"Y7\-_^BO%OYAI/Q>3_?M]M#X3
M&_N%^RLCY7_R[!P^"SX<!ZNU>+?S#1C,RATR'^TT/A,7^X7[*-_5@_+O'#X+
MOAR_T6XO_,-*&?FCIE/]IHO@\3_#I]@HX^6+\O(</@P^'/\`T6XO_,-*'(YX
MZ9<GVFB^"Q/\,GV"C#Y9'R]1P^#+X=/]%V+_`,PT?YGR/^-D_K&B^!P_\,GV
M"C?U9?R]AP^#3X=1_P#\NQ?^8:/\UY+_`!TO]8T/@,+_``J?8*-_5G?+Y'_<
MV^'?_1AC'K_X#YZ5^;\I_CY?ZQHOR_!_PJ?8*43\M/Y?R#5'P=?#TD^8[98R
M/_,=+7FN74W7DI@?_$:+\NP#UQ(_ZHIPGY;WP$)(*?A!^'\$<*=M,;_F6GE[
MCYY=5Y?('^^WZZ;/$\8>N!%_5%!?RWO@'<_'\(/P_*]?;/&C_P"8Z#=Q\\_X
MN7R#_OFC7B>-71<&(?[HHG]6S\`?'_4]^'RO_NRQG^8Z1^?\T3?\TGO_`.,T
M?Y7QPZ84?]45G^K;^`2@'^I_\/M!P_\`XSQK;Q_X#H_\P<Y:WYK/;_QFA^5\
M=>_P4=__``BA_5M_`+_N?_#[_HSQK^8Z'^8.<_[K/_7/ZZ'Y7QW^"C_JBLCY
M;GP##A\('P^_Z,\:_F.C_P`Q<Z.G+3_US^NB/$\8>N#%_5%&'RX/@)!J/A"^
M'\4X?_QIC?\`,M*_S)S_`/WC(_KM^NB'$<8.F!%_5%9/RX?@*)J?A#[`5_\`
M=KC?\RT?^9>X.OYSDW_\;?KHCPW%-^+CX3_NBA_5P_`5_NA]@/\`1KC?\RT/
M\R]P?]YR?Z[?KI/Y)Q'_`&V'^J*Q_5P?`3_NA=@/]&N-_P`RT?\`F;N'_O.3
M_7;]=)/`\*>O%P?U!1D_+B^`M)JGX0^P`/\`[M,:_F.E#NKN1>G-Y(_WV_73
M9[<X%OQ<1CG_`'!3I'R[_@6;'*W\)G89`\D]N,<`^Z%J5%WOW?`08>Y,Q3[)
M6'\=0Y^S>U,E2F1V]B.OD8U/\59/R\?@84*'X3>PY'D>W..T_P#V6G9>_N]9
MA:7NG.8>V5_UU#B^7G8T']CVI@K]$2_JI(?+I^!%*N8?"1V#"MSS#MOCE=^.
M_N7CJ,>\NZSU[AR_^8WZZD+V/V@ANO;>&#_\-?U4Z'R]_@<`Y1\*/8D)I2@[
M=8[2A\/[BTJ/O3NR)@\7<66K#Q$C?KI61V3VCE1F')[<PWB(L08E(M]E$;^7
MI\#37\G\)_8='_@]N<='Z(6K9?FE\QE%E[UY(#_X[_KK)/\`(SY.R:R?+3AC
M].+%_P"S4_'^!WX/8C:68OPU=FH[2!RH;:P2Q(0D#@`E,0`#53E=Z]VYK%\O
MN+,D<GJTC'^$UK^+[,[3X6"/%XCMW$QL918+'&J@#R``Z4H/@B^$(*"Q\-W9
MX+'!0P>R!0]1$4$::7NWN9%VISN4%_\`B-^NF<KL3LW.D,N9VSA2R>;1*3_!
M2RO@K^$I8Y5_#KVB6FE.5>%692:<:45&(IH_\X=TG0\_E_\`,;]=1/\`Z:]@
M`W_R?Q]__@I^JFRO@?\`@^7LKX:NS*AOQP.PGCQ_\D\=$.[NZ!J.?R_^8WZZ
M4?EQV$18]G\?:W]PGZJ:J^!'X,U`A7PQ=E%`[$'`+`0?J]TIJ0O?'>"&Z=RY
MH/LE;]=0)?E'\L)U*3=A<4R'J#CQD?9MIC_5_?!%_NK=C/\`1YCW\SU+'S'[
M]7\/=W(#_P"^?]=5'_T%^2W_`/J_A/\`^DB_]FDE?+W^!U7XOA1[$JK_``NW
M6.G],/2O_J5\P!T[QY#_`)S_`*Z6/D3\FE_#\LN%'_\`*Q?^S64?+X^!YL%*
M/A2[%)!K4)[=8Z`:\:_VGOI#_,7ON3^T[NSS],S_`*ZLL3Y0_*[`%L+L'BHA
M_1QXQ_`M8/R]_@=)J?A1[$UI2O\`FZQW@.'_`)'J.W??>;_C[GS3_P#>O^NK
MR#L?L_%_]-VUAI]$2C^*B'Y>GP-*X_"?V(/K[<X[_,](/>_=YZ]R9G_-;]=3
M!VMVX.G"8W_+7]5%_J\/@7_W3>PW^CC'?YEI'^<^[/\`]HLS_FM^NE_Y;X`?
M_P"'Q_ZB_JK(^7E\#`X?"=V'_P!'&.?S+1_YT[M__:++_P"8WZZ/_+O!?]I@
M_J"B'Y=WP*GC\)?84U__`,WQSQ__`"6D'O#ND]>?R_\`F-^NE_Y?X3_M4']0
M47^KL^!/A_JE=A/]&^.?S+1?YO[H_P"_Y7_,;]='^0\+_P!K@_J"L?U=?P)?
M[I/8/_1MC?\`,M%_FWN?_OV5_P`QOUT/R+AO^V0_U16?ZNOX$_\`=*["<:__
M`-;XYQ\_[BT/\V]S_P#?LKK_`'C?KI7Y)P__`&V'I;\`Z>5?_];[^-"A0T*%
M#0H4-"A0T*%#0H4-"A0T*%#0H4-"A0T*%#0H4-"A0T*%#0H4-"A0T*%#0H4-
M"A0T*%#0H4-"A0T*%#0H4-"A0T*%#0H4-"A0T*%#0H4-"A0T*%#0H4-"A0T*
M%#0H4-"A0T*%#0H4-"A0T*%#0H4-"A0T*%#0H4-"A7__U_OXT*%#0H4-"A0T
M*%#0H4-"A0T*%#0H4-"A0T*%#0H4-"A0T*%#0H4-"A0T*%#0H4-"A0T*%#0H
M4-"A0T*%#0H4-"A0T*%#0H4-"A0T*%#0H4-"A0T*%#0H4-"A0T*%#0H4-"A0
MT*%#0H4-"A0T*%#0H4-"A0T*%#0H4-"A0T*%?__0^_C0H4-"A0T*%#0H4-"A
M0T*%#0H4-"A0T*%#0H4-"A0T*%#0H4-"A0T*%#0H4-"A0T*%#0H4-"A0T*%#
M0H4-"A0T*%#0H4-"A0T*%#0H4-"A0T*%#0H4-"A0T*%#0H4-"A0T*%#0H4-"
MA0T*%#0H4-"A0T*%#0H4-"A0T*%#0H5__]'[^-"A0T*%#0H4-"A0T*%#0H4-
M"A0T*%#0H4-"A0T*%#0H4-"A0T*%#0H4-"A0T*%#0H4-"A0T*%#0H4-"A0T*
M%#0H4-"A0T*%#0H4-"A0T*%#0H4-"A0T*%#0H4-"A0T*%#0H4-"A0T*%#0H4
6-"A0T*%#0H4-"A0T*%#0H4-"A7__V3\_
`
end

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>g55393g50x56.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g55393g50x56.jpg
M_]C_X``02D9)1@`!`@$`8`!@``#_[0H(4&AO=&]S:&]P(#,N,``X0DE-`^T`
M`````!``8`````$``0!@`````0`!.$))300-```````$````'CA"24T$&0``
M````!````!XX0DE-`_,```````D```````````$`.$))300*```````!```X
M0DE-)Q````````H``0`````````".$))30/U``````!(`"]F9@`!`&QF9@`&
M```````!`"]F9@`!`*&9F@`&```````!`#(````!`%H````&```````!`#4`
M```!`"T````&```````!.$))30/X``````!P``#_____________________
M________`^@`````_____________________________P/H`````/______
M______________________\#Z`````#_____________________________
M`^@``#A"24T$"```````$`````$```)````"0``````X0DE-!!X```````0`
M````.$))300:``````!M````!@``````````````+````%$````&`&<`-0`P
M`'@`-0`V`````0`````````````````````````!``````````````!1````
M+``````````````````````````````````````````````X0DE-!!$`````
M``$!`#A"24T$%```````!`````(X0DE-!`P`````!VP````!````40```"P`
M``#T```I\```!U``&``!_]C_X``02D9)1@`!`@$`2`!(``#_[@`.061O8F4`
M9(`````!_]L`A``,"`@("0@,"0D,$0L*"Q$5#PP,#Q48$Q,5$Q,8$0P,#`P,
M#!$,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,`0T+"PT.#1`.#A`4#@X.
M%!0.#@X.%!$,#`P,#!$1#`P,#`P,$0P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,#`S_P``1"``L`%$#`2(``A$!`Q$!_]T`!``&_\0!/P```04!`0$!`0$`
M`````````P`!`@0%!@<("0H+`0`!!0$!`0$!`0`````````!``(#!`4&!P@)
M"@L0``$$`0,"!`(%!P8(!0,,,P$``A$#!"$2,05!46$3(G&!,@84D:&Q0B,D
M%5+!8C,T<H+10P<EDE/PX?%C<S46HK*#)D235&1%PJ-T-A?25>)E\K.$P]-U
MX_-&)Y2DA;25Q-3D]*6UQ=7E]59F=H:6IK;&UN;V-T=79W>'EZ>WQ]?G]Q$`
M`@(!`@0$`P0%!@<'!@4U`0`"$0,A,1($05%A<2(3!3*!D12AL4(CP5+1\#,D
M8N%R@I)#4Q5C<S3Q)086HK*#!R8UPM)$DU2C%V1%539T9>+RLX3#TW7C\T:4
MI(6TE<34Y/2EM<75Y?569G:&EJ:VQM;F]B<W1U=G=X>7I[?'_]H`#`,!``(1
M`Q$`/P#U5))))2DDE"VVNFI]MK@RNMI>][C`:UHW.<X_R6I*>5_QD_6K_F]T
M%S,=^WJ&?-.-'+1'Z?(_ZTQWL_X6RM9W^*7ZU'JO2#T?*?NS>FM`K),E^/\`
M1K=_UAWZ'^IZ"\Y^NW5.J?63JUW6!C7CIC/T6'8:W^F*FZM=OV[-UO\`//67
M]7>N9/0.L8W5,?5U#OTC.SZS[;:C_78DI^F$E7P,[&ZCA49V(_U,?)8+*W>3
MA.O\I6$E*22224I))))3_]#U5)4NL]7Q.B],R.J9N[[/C-W/#`"XR0QK&!Q8
MW>][MK?<EC=3JS>DU=4P:WY-=]+;J:F[6O<'#<VO](]E3+/W]UB2FZO.O\;O
MUL?T[!KZ'A6%F7FC?D.;RR@'VMG\UU]C?^VZW_Z1=G]7>N4]?Z/C]6QZW4U9
M._96^-P%=CZ/=M]ON]+<I9?U?Z!FWNR<SIN)DWOC?==178\P-K=UEC'/]K0D
MI^>L7ZU_6;$L%E'5,MI'8W/<T_UJ['.K?_::CY?UQZGEL_2X^!ZQ^EDC"Q_5
M/GZAI.UW_%KWC_FG]5?_`"FP/_86G_TFHV?57ZKLK<]O0\&QS02*VXU&YQ`^
M@WU&L9N=_+>DIX'_`!/?6QQMM^KF=87&PNOP7./YWT\BC^U_/L_Z^O5ES'U6
MI^K/5*K.H8?0\;I]^'DOQ]:*1:RRK;N<VRAOM]SOS'KITE*22224I))))3__
MT>K^M6;BW]:Z9TC(9;=BU$]0S64T6Y!+:YJPJ[*L2K(?Z=F2YUOO9L_5E4_Q
M:Y8IHZC]7'>H#TG(<<87,?58<6\NMQG/IR&57,_/=[V?X1B?ZH?\X?\`G9U_
M]M?9?6VX\^COG9#OLGV;U/\`M'L]?U/\+]J69F?\X_\`QU_\E_9=WV-OVKZ>
MW[+O/],_.^V[O2]+TO\`NO\`F>JDIH]`'6<#_%C7US"ZA;5;A.LMQ\;V^@:F
MWO;=3?5MW6>J]U[O4W[_`.;6M3USK?UAZMU%F']J;C8F/C_9ZL2VFHM?DU?:
M?M&0[)<RRWW>RIG\U[%S/3/VO_XWPG_Q+>JS[?$?;=OJ-^V_8X_5_LGVCZ/J
M_K'\[_@UO9OVK_GO_P!@^W[=]EJ_:GK_`-!]+:S[)ZNW]8]?TO1_F?TFS_T(
M24V<^SZY-_YM4Y6<["ZEG66XN?77Z;JX:+'#*;M;L^T>@/5_T/K?X-&Z>WK6
M3]9[_JY?UC)=C=*Q1:Z]@8RZZV]WJ5NM?L?^CQZG^GZ?\A5?K+_SS_;7U7W_
M`&#[3ZUGT/4]+UMKO5W;_P!+]G^R?S6W]+O_`)S_``:L=9_:?_/FW_FMZ?[4
M^P#]I_:9^S^GN_5MOI_I/MW^C_P7I_VTE.!T7JG6,2K%Z-18\W]2ZQU#[7;C
MFNNQ_P!F;39970_(VTT?:++/_2:U^K=5^N/1,#-%OJ58^9E8V/TNZ]]-N14+
MI^UM>]CG4OV[/U=U_P!#?]-<G@^K^PVQZW[3_:]G[!V;?M7VG]']J^U_X#[/
MM^S^M_P__`KL?K#^U/\`F?G_`//O[-LBG[%^S=_J^O+MN_U_T?J[_3_FOT7I
M>LDIM&GZVTWY9#\O&Z6<)[C;D78]M]>37[V6T.J]7]':UNRRM[5C4]1^LU7U
M3Z3]8\CJ=QR;LG'K&.-GI.H=8:G?:!L<^VZ_^<?9ZGL_FUIXO_CD?\V\G]I?
M8/Z&_P!+U?4^TS`_IGI_J^_[/ZO\W_VH]/U?\(N:RO\`G)_XV_1(^R?9OM-7
MI?3]3;O_`%+U/\'_`#WJ?:/^#]+_`(1)3Z\DN<_]>)_YI_\`V9224__9.$))
M300A``````!5`````0$````/`$$`9`!O`&(`90`@`%``:`!O`'0`;P!S`&@`
M;P!P````$P!!`&0`;P!B`&4`(`!0`&@`;P!T`&\`<P!H`&\`<``@`#8`+@`P
M`````0`X0DE-!`8```````<`"``!``$!`/_N``Y!9&]B90!D0`````'_VP"$
M``$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$"
M`@("`@("`@("`@,#`P,#`P,#`P,!`0$!`0$!`0$!`0("`0("`P,#`P,#`P,#
M`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`__``!$(
M`"P`40,!$0`"$0$#$0'_W0`$``O_Q`!V```"`@,!`0``````````````"@<)
M!08("P,!`0`````````````````````0```%`@0%`P($`PD```````,$!08'
M`@@``1@)$Q05%A<1$ADD)28G"AHA(B-%1M<XF*A9:2H1`0``````````````
M``````#_V@`,`P$``A$#$0`_`'^,`8`P!@%Y_P!21NG?&Q8<M(L<.&E+NBNC
MI7(G@_DS(-"RSTC,B!E)TP``U"4#T4L-OJ@)4@.'E5F"X%=-$SHK"H&RR#CC
M])ANG"7=VCG[*Y;<E2C/]G"*FDVD:53PII9?MM9@R"E,U4]YD:L<V:B93'";
M)OV4TA%TRM$]<ZQAQ,\`V_@#`&`,`8#_T'^,`8`P&#<[F;S+;;A>+N6TMM--
MIH:LYG.XUPZ7345OMY!(&%1:6U=1-UA%4]+2DTJ*.8'%JI#""#JJJSRRRSSP
M'CX[UUS]T&Z/=?)U[@$*3H!:"VO=&MN3L.1B_P`O'*)"[4%/'45<,N4R@`M\
M@N2#6:,N93H$'S$+"*/+^^H`J#G2'!6W9>])&W9>)"UV<9UC&3\;.8'NQL9&
M*@";^C=:RZ5(#$4?2ND+,%QMHR.&`()E7D3/4ES5-/$`HSR#VQ8&F^-[E88C
M"?H?7P71&,OLE`?S*6PLJ**S2&XB`)\L$=+TB"YD%8A4+47.E:\^*4-A"`B9
M95AU99!+6`,`8`P'_]%_C`&`,`F9^KEW8U2V:$&CM_P.\32%-UQ::$\YD74`
MU466F%`2>I&"J6BEE`'AF4A>EEVI8@=`Q<7(P`CHQV@2FBD^6$J!#F,]UK<P
MB!>+N-@7ZW9I9XOP<JB:G.TB.QMGPB_NX!999[O7EYIKQ,+*NK+($Z2,!995
M9Y>WTSS]0EB5MX2YJ8T>L-X0]8)4_388=*M-I#;NLUHF=6'#%S'R4JGH>AM0
MR1%BD>K,0,XDEDXR7%SX@-8=?I5D#3?Z/K=C4S;E>^V1/3Q-*0[H-.F8K6EQ
MQ*60QD1P5<TXICB8$P;&J,FAE@#(=V)@-.7I1676ZJZ\ZA0*,@]`;`&`,`8#
M_])UV\J[6);%;9)>NPG$5<IC&&6V&X7"3:Y1,/NI;&/*J<@(+;:Q!:6&^DGG
M(Y7"KE"!$(R>)EZS)BCB#!4>ZND/M&MSC9G2U%C7:0"T7=,+7E*(F[+T:L-`
M-,A"?CI)NA"*+::TA!7B\6\QD!W$ZS69-0!/+0(!(X`,%4+56'Z5!'NW9>XR
M]QJSN)+RH[9KH8#+F$Q)-*`TWH.DF70FE8ZEI]Q2(,L5H9DZDT&%8TQA#E(0
M(PU((9BD/,2O.G.K,,Y*NWW85.SY5Y/F^R.T29)*<`::"O2'*MMD-2&^5L)&
M3":(CA*[M=S+5U]2#2D9/+E"U(QBO(`J`&%1[:**:<@COXG=K+_C3L`_T;VZ
M_P"'.`P[AVL-K]%0%Q93=K*QAW**2CJ:F0:C>L]M6++[G.D"0YHJWD,RZVJV
M&L76%H<*DL6K4E).3Z!A:<S!D`'*L6@.2MK1G;9=W#7==RD*[5]LMJ<C6]7,
MR1!@7-6U6R(LK,J38:J0@EQ<17=%K9.`(9XBJK59<$9.4Q:J:R]5=`V=-5.>
M`O,P!@#`&`__TV`-TR9HR?EZEBUEDEM:5G_#[(/+=]]S[6B*W">+H%)008X#
M66#:ZS'8P;>8REQU$FJ\9Q4CRZ*:4DLNFYB,@,+(QQQ0Z,P@3]-=+@+'95YV
MV,K52*3-6$7&N8Y!Y*88]DJ(I)5+1I^6%R0H66%^-9A9K"D9O*0PU2@>,@GT
MTO6`7627MHR`$+B#!3Y8(4O'MV_3(,O<`@Z[Z4F&]+;UJ3),AN&`RS),V]+<
M0M*[)[ILE1Y)S(K;0ZX]3S\<JNZCXBL,IEE("G-/*%:RQ<MD((%@S.O@O6W)
M[L[S4&$@;I4Z*H)MZM0"AV/K59DMDAPXS9"NB@,K-!B89A5)M74!VO\`,@+)
MO)-0TT&@RWP"*88YDKF:&JSK#(3LN[R9`/9#8TKW4.JVN[.YZ0ICMKNW:3""
MA=W1D*F--N2"L)L\H1-#;1IO&9=$B=-R<`1/(X9;=+B%*!].!"*5EA0WZW]-
MO/DW<WEG;'?VX]=`IQ18I:F@R,N2RTR<7,.;YWF.X9V5.MGKKY<P;)<Q05GQ
M"P74`DDTGA<(^>30C)GB`"5E<@I]LMNAO!A]IP-8VPGD^#DD7C[SVZ;J'?T$
MG8>C65)$!M=:L..]WLN,'!+QE,CB,/+[P=?%&-AF"IXH2*YE$^NH4>D`8+#[
MK[J-XFP^"[G@76'(#$C.X2Z^T&#+"Y*F^2;99<N2A8K-V:R%<(EK[A;SB4HU
M7BZ*=;(M#//.LU[4L%2H%.'1,@<\BH=8B-#=G93UN"%`7[M8>LS.V/2(KF7M
M/D[VA3-<#%5U<9$SKH:S[B=98X$A5YM%^(:($GK22IDC1"@<V;'*T$OIN$%;
MC2N)W+FKM.[?&YS)=]4Q'98D*YFU^/R\.I(<>U0TZX"=TL*#!5:9>3SC+4W.
M^9.E`N$.KJ"M2KE*$PJ:*IY,J6$)UCB`\/@/_]2X[:&^03Y8MV_7=I;[[[<M
MAY_Q)Y-ZUV=T%?T_>%^\/MVG/M[NSJ_-_?N^>/Q_X>_`<.2Y\BW[KO+2?I0Z
MAHX:7G+W>0^TM(_D!0_S(\/[UJ7ZET3H';_T/)]O<3Z+JV`J1MKU;_M]D_B\
MO\,GEB/]6_)=/U_=M^7VOJ7TX\A^4&G_`,O\'D.X/QGPNJ\?[=P<!;=,_E'Y
MN\O@$[?U#Z5X6UY^<.9^/WPQV2TM._?/2/S=\L=B=M\MV[]UZ7Z<O_>#`;YN
M5?,QK.V(>N:!/+WF27N%VIYF\2^>NR'3WWUWN+\=^&]/?'Z!R'WWJO.<]_/R
M&`EN\;4S\Y3V^(KQQK)T$)6N349SVFGQQW66\&]+[5_%VJ?TX'1^:_#W1N7Y
MSZ?GL`L="7<NA]'Y3S)J\^8J6OB8[9[2U<ZK.;CGSMY_YK\K?#?1>S>YO;_5
M[I]_N^R^N`92W"-3GQ!W9_N$--'0.GP3IA^/7R#YHU"]3<?2^X/*WX.\@=S]
M(XW0?L?0>M>G\GLP&T1C^X_^.*;=3V@CTT7O_L;R;YCU4=8Z4C\SJ-[*_*3N
MCPWU_P!G1_J.[^0ZG]/SV`I$E/Y(/VWFV!P-(?BG4Y"'8_!\J>4.@^1R>F7N
CKF?P9SGD3K/=W*?V1TKD_P"OU#`-E?\`H=_Z8?\`?!@/_]D_
`
end

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>8
<FILENAME>g55393g87c83.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g55393g87c83.jpg
M_]C_X``02D9)1@`!`@$`8`!@``#_[0]`4&AO=&]S:&]P(#,N,``X0DE-`^T`
M`````!``8`````$``0!@`````0`!.$))300-```````$````'CA"24T$&0``
M````!````!XX0DE-`_,```````D```````````$`.$))300*```````!```X
M0DE-)Q````````H``0`````````".$))30/U``````!(`"]F9@`!`&QF9@`&
M```````!`"]F9@`!`*&9F@`&```````!`#(````!`%H````&```````!`#4`
M```!`"T````&```````!.$))30/X``````!P``#_____________________
M________`^@`````_____________________________P/H`````/______
M______________________\#Z`````#_____________________________
M`^@``#A"24T$"```````$`````$```)````"0``````X0DE-!!X```````0`
M````.$))300:``````!M````!@``````````````<P```)$````&`&<`.``W
M`&,`.``S`````0`````````````````````````!``````````````"1````
M<P`````````````````````````````````````````````X0DE-!!$`````
M``$!`#A"24T$%```````!`````(X0DE-!`P`````#*0````!````<````%D`
M``%0``!TT```#(@`&``!_]C_X``02D9)1@`!`@$`2`!(``#_[@`.061O8F4`
M9(`````!_]L`A``,"`@("0@,"0D,$0L*"Q$5#PP,#Q48$Q,5$Q,8$0P,#`P,
M#!$,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,`0T+"PT.#1`.#A`4#@X.
M%!0.#@X.%!$,#`P,#!$1#`P,#`P,$0P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,#`S_P``1"`!9`'`#`2(``A$!`Q$!_]T`!``'_\0!/P```04!`0$!`0$`
M`````````P`!`@0%!@<("0H+`0`!!0$!`0$!`0`````````!``(#!`4&!P@)
M"@L0``$$`0,"!`(%!P8(!0,,,P$``A$#!"$2,05!46$3(G&!,@84D:&Q0B,D
M%5+!8C,T<H+10P<EDE/PX?%C<S46HK*#)D235&1%PJ-T-A?25>)E\K.$P]-U
MX_-&)Y2DA;25Q-3D]*6UQ=7E]59F=H:6IK;&UN;V-T=79W>'EZ>WQ]?G]Q$`
M`@(!`@0$`P0%!@<'!@4U`0`"$0,A,1($05%A<2(3!3*!D12AL4(CP5+1\#,D
M8N%R@I)#4Q5C<S3Q)086HK*#!R8UPM)$DU2C%V1%539T9>+RLX3#TW7C\T:4
MI(6TE<34Y/2EM<75Y?569G:&EJ:VQM;F]B<W1U=G=X>7I[?'_]H`#`,!``(1
M`Q$`/P#U5))))2DDDDE*225'K/5<?H_3+^HY&K*&RUDP7O/MJI;S[K;"UB(!
M)`'51-:O(_XR/K';2:NBX-IKNEN1E6L/N9M/J8M0(^C8ZUGVA_\`P==7^G73
M?5CKC.N](JS0`V\?H\JL<-M;'J!O\A\^K5_P5B\=RLK(S,J[,RG;\C(>;+7=
MMSOS6_\`!L^A7_P:V_J3U_\`8W66MN=MP<XMIR)B&NF,?(U^CL>[TK?^"L_X
M%7)\N/:`'S1U_O?O-:.7UZ_*='UU)))4FRI))))2DDDDE/\`_]#U5))))2DD
MDDE*7EW^,/K_`.T>ICIE#IQ.G./J$<.R(VO_`/85OZ'_`(U^0NX^M77J>B=+
M=:ZPLR+SZ6-L:+'[R/YUM5CZF/\`1;^D_26,K_P?^$7FN-U+ZJ8XV/Z%;FZZ
MWY663:[^4ZJIC<=K_P#BU9Y:!^?A)_=K_P!"8<TM.&P.[BI$`@@B0="%T_J?
MXNNH`-=3E]#M_P!(PFROX%H.97M_ZS4AW?5CZOL9ZC/K1AN9S&P%_P#VU7D.
ML_Z"L^X.HE'SC_WO$P<!Z$'R+V7U!^L'[4Z3]DR'[L[``KL+C)?7_P!I[_Y7
MM;Z5O_"U;_\`"+J%Y!TOJ?2?JYU1F=AY61U)S?9;LJ&-2:7QZX_3NMR,BQFW
MU**]F-^F9_/_`+_KE-U6137?2X656M#ZWCAS7#<QS?ZS53SPX96!Z9:]FSBE
M<:.X9I))*%D4DDDDI__1]526;^VF?]PLS_MAR7[:9_W"S/\`MAR=PR[(XAW=
M),L[]M,_[A9G_;#E"_JF/D468]^!EOIN:66,-#H<UPVO:?ZS4N$]E<0?,/K;
MUX]=ZP^^MTX>/-.&!,%@/OR/ZV2]N_\`XCT%C+U/]D_53_YW[/\`V%*7[)^J
MG_SOV?\`L*5;CGC$`",J'DUY8B229#5\L27J?[)^JG_SOV?^PI2_9/U4_P#G
M?L_]A2C]X'[LOP1[)_>#Y8O0?\6O7]];^@Y+O=2#;A$]ZY_34#_B7N]2O_@K
M/]'0M+]D_53_`.=^S_V%*+C87U<Q,BO)Q>AW4WU'=7:S&<US3&WVN'\ER9DR
MQG$QX3X>:Z&,QE?$'I4EF_MIG_<+,_[8<E^VF?\`<+,_[8<JW#+LS\0[NDDL
MW]M,_P"X69_VPY+]M,_[A9G_`&PY+AEV5Q#N_P#_TO54DDDE*22224\K]9_K
M#E]/ZOBLQW.&)@"O)ZF&U66-=3>]V)^DOI8ZK&^QTC)SW_:'U^IZ-*0Z_F=-
MZYG4Y-1OZ==U.C#JN-I+ZGWXE&0UE>*:W;L?[0[W_K'L^T_S7Z-;SND=.<W,
M:Z@.'4?Z9))]7V^EMLU^CZ7Z+;_HT*GZO=&IR:\JK%8VZK;M?+CK6PX]+WM+
MMMEM-#G4TVV?I:JOT=:2G&;]<>IOP\')9TD3U.W&KP]^06UN;E56Y.]UOV<O
M:[%;3^L,;2_^<_06W?S2#?\`6C*9E'JSZBS!QL+J;_L[+7/-SL&_%Q=UE?I,
MKH=ZSK_2L_3?H+/4M]/^:6SC]!^KK6C'QZ*]F+D#(90UY+*;P7N8^FG?Z>)[
MK;?T=3*_IHI^KG1#DORG8=;K;/5W[I+#ZXV98-+CZ.W)_P"U'Z/]-9^EL_2)
M*<Z[ZS=8JL;C?L<ORW"^QM0N,/JQSBM]6A[L?=NNLS=C&7UX^STO?9_-J6+]
M:;[NL_LVS#8RHYM^`R]MQ<XOIH_:`L=0['J:VNRCV._3_H[O]+7^E5S_`)L]
M$%.-1]G(&&2[$=ZEGJ5`M;4YF/D>IZ]-'IM97Z%=GH>G_@T:OH72:LD95>,U
MEXNLR18)!]:UOI7W<_3MK_1O_D)*;Z22:1]W*2ETDDDE/__3]56)]9<^UK*N
MDX?JG,SY]0X_\[5BM+6YF75^:RW])7CX_P#W8R*[OTGH6K;0&X.*W+?FMK`R
M;6BM]NNXL'T:_P"HS\S]S])_I;$E/'=$ZWU/"^J?0:B&5WLRQTW-%PUKJQ7W
M-R=WOKKH=3T_"MOLN>ZWT_3_`)M_J>M5+(^MW4W]'QNKU6,HZ=?=D'(RA5ZC
M\>@V/IZ/9?B>KZCJ<C]';EV-_2>G_,[/YQ=+_P`W^B;!7]BJ+!>,L-+9'V@#
M;]J(/TLC]^[^<L_/46?5GH%?H^G@TL;CM#*V-;#-H><AK7U-_1V[,A[LBOU6
MO]/(_3L_2I*><S>L]=QSUSJ6!D-RSC95'3L3!>T%F\_9P_TMIHW6.SL_[)ZC
M[/YIF^SUOL]=2-F_6#KF+:['LOI%F-DXV%9>*"*KK\DLR\CTV>O;91C=+Z0_
MUK++'_IK?TGZ.NGT[>@JZ5T(66>EC8_J6W#,LVM:7.N:=[<IWYWJL>[>VQ*[
MZO\`0[\T]0OP:+,PNK>;WL!?NJTI?N/Y]?[W_%_Z*M)3R%]@NSLZ_P"RTV5]
M6Z[5B9+<B=<7I]8W9+7,MI]-M%W3.HVLLL]2O?5L]):?1_K+U#J?6,("RJG"
MSJ,C,&+8PBYN*RRO#Z9;ZF[^=ZA;;9D_N>E7Z-?^EMV[.E="H#;K<;'K#<DY
M8>]K0/M5AV_:=SO^U+W.]MGT_H?R$L/ZO]!Z;8W(P\#'Q;*@\-M96UKFM>=]
M@WQ]%)3C_6O&?U#KO1,"O#Q<\5#*S;J,LPW;6QF)4US_`$<MS:W7YK;/YCWV
M4,_T:S<KK65T;IK\?IK,7!'3\1N7EU4,-K'9F:^QN#TW$:VS:REV4VW[1;_H
MO2]#T/\`!]9D=&Z1FWG+OQJ[[W,]/USJ[TQ_@19]+T=W^!_F]ZH]6^JN%FG$
M=BU8^+9B.QQO-(>31C6,R:L&K:ZKT:W65-_2?X.K]'Z?Z5)3G97UIZEC=6OZ
M?9Z)W9^)@X6V-VW97G=7ONWV#=51@6U>^NO]7R+_`$?TG\]92?E9U]UMN.ZG
MI^1G==^RY.34-ILQ,"NRVUUKKK+/YO\`9^5B^I^BIR*_^TS/676OZ'T=^2[+
M?A4NR'W5Y#K7,!<;JFNJQ[B3_A*&/?Z/^C_KJ%O0.E%NZK$QV9#;GYE-KJ@_
M;E6<YCF^QUEN[^7^97_HZTE.7T_K/6']7/2<BS'NR,?-?7DBFMS#]D&)5EU9
M&UUUWI?KN5CX_P#PWYG\W:NE6=TKI`P;<G,OL&3U#/<UV7DAGIM=Z;?2HJJI
MW6>E32SZ#/4M?_./]1:*2G__U/54DDDE*22224^?86%E5=,ZWU3IK*:\G#OZ
MK9ANKQF?:18ZQMN*^JV^NWU:;<9EE6QE7Z6BVNJO^:_1V[?K!GYF2:^G]2>S
M%MZM537DMI8Z,.[%]5SJ_5Q_3=5]OJNIQLMWJ;'_`,_Z]/\`.=LDDI\SZGUO
MJ/4>A5-SLFT-?C8]S:CCAHR;&9KZ,_U-^/N;;@XU.-E>EB?9[&>I]JV64+ML
M_/P,_HG5?0<+J\>O)QLAI8XQ96QS;JC4]OZ3^RQ_J_X/>M997U:_Y.N_\/\`
M4?\`V^S$E/)8?4>K=/P>G-IS7X^)B=/Z0^S#%#'2ZVX8O4V.L]%]^VG$;ZN1
M2S]9]6SU?5J]-]=FUT_K;J\O,R.J=2L8<6V^F_I3J`=@=DLHZ7DX_HT-S;*K
M<=U7Z3=ET7_:O\#]G74))*4DDDDI22222G__V3A"24T$(0``````50````$!
M````#P!!`&0`;P!B`&4`(`!0`&@`;P!T`&\`<P!H`&\`<````!,`00!D`&\`
M8@!E`"``4`!H`&\`=`!O`',`:`!O`'``(``V`"X`,`````$`.$))300&````
M```'``@``0`!`0#_[@`.061O8F4`9$`````!_]L`A``!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`@("`@("`@("`@(#`P,#
M`P,#`P,#`0$!`0$!`0$!`0$"`@$"`@,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#
M`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P/_P``1"`!S`)$#`1$``A$!`Q$!
M_]T`!``3_\0`N0`!``("`@(#``````````````@*!PD#!@4+`0($`0$``@(#
M`0``````````````!P@%!@$#!`(0```&`@$!!00#"PH'`0````(#!`4&!P$(
M``D1$A,4%198F-D8"AHQ(M0U9396%S>7.2%!82,D)297.#HR4E-49DAH&1$`
M`0($`0<("`4$`P````````$"$0,$!@4A,4$2$Y1546'1(A34U0=Q@3)"4Y,5
M%Y%2<H(CH6*B%I(S@__:``P#`0`"$0,1`#\`O\<`<`<`<`<`<`<`<`JO_6)N
MHBZULW0S3&F)6L99XZK(U:EPR..N1B-VBK,R.A#Y6T0)6HA^.@=WI^;BGQ2'
M`R5!"1$AS]\2NSR?O)BS)=<^JN;$Z='4C4=*DM<D4>YR:LU\%SHUJK+3.BJY
M^EA$OF5<CZ5LC!*&<K:A5;,F.:L%:B+%C8IF553672B(W0XW*],3=QGWPU.@
M]L&*41=F,10(-=+$FRG*&U6.Q)$X7%S*0D`*`C9IDD,)=T(`!R622LRGP(1B
M<WLC.^[6F6E<-7AR-7L+_P"20Y=,MRK!(Z7,6+':55-;,J&[6KCS+@P>16*J
M=J;U9J<CTSK#0CO:3F6&=%-A?---D'`'`'`'`'`'`'`'`/_0O\<`<`<`<`<`
M<`<`CGMILO!-0=>[-V#L,T`V2OX^>M0,P51:1=+)0KR%#%H<U&&!,['*2OIY
M"4`^X,)`!B.,Q@HH8L9JWL#J[CQFAP>B3^6<^"NA%&-3*]Z\S6Q7GS)E5#&8
MQBE/@V&U6(U*_P`<ML432YV9K4YW+!.;/F0]8)==PSO8&V;!NJS7@Q\G=E2=
MSE4B<!Y%@K"IP.[26]O($(>$3,SH@%(T*8&?"2HR"B2\8``.,7NPO#:3!\.H
M\+H9>I22):,:G,FE>5SEBKESJY55<JE5*ZMJ,1K*FNJGZU1->KG+Z="<B(F1
M$T(B(;,.BWOH+23;%H1S)XP@HB\C&JO[7RK/R4VQP\Q6:"&6,=WAA*(Q#WA<
M(*TT7;@#.L69P$1F"^S1_,ZT?]IMZ8ZFE1Q:DC,E0SNR=>7^]$ZJ?G:W1$VF
MQ[A^A8PQL]\,/J(,F1S-_*_]JKE_M5W,>Q6"((PA&`6!!%C`@B#G`@B"+';@
M0<X[<9QG&?Y,\I>65/G@#@#@#@#@#@#@#@'_T;_'`'`'`'`'`'`'`*,/UAS?
M;]>E\(]2Z[>@*JLUX=#S)RH0*/$1RB[AISD+NG-$6,19Z:M6]08U`QG`1ENA
M[B$7>"$H6+6^35H_2<)=<5;*AB%:W^-%3*R1&*>N:J(_G:C.<@/S(N'ZAB#<
M'IGQI*9>M#WIN9?^"=7]2NYBN-R:B,QP"_IT$M]_I4ZPETC/GD2R[=:6]HBZ
MT]>J*,<9G50P#10*5A[^0*EJUB3I?1',SL-'XB9*I/-$:O[,5"\W+1_U_'5Q
M2CE0PNN57)!,C)N>8SD1'1UVYL[FHD&%A_+VX?J^%=AJ'QKZ5$:L<[I>9CN=
M4]EWH156+C?'R)201P!P!P!P!P!P!P#_TK_'`'`'`'`'`'`-9G5AWH0Z'ZER
MN=LZU-BXI]YFO*1;!B2FG!F;LA/$HF!Z)0$[S#17[7@QQ-[Q)A!RL*1(;D'F
MPBQO/E[:C[MN*GI)C5^FR83)ZY?81<C(\LQ>JF5%1-9R1U35KOQ]MOX/.J&.
M3MLSJ2D_N5/:AR,3K<D8(N<];*N7+71:L<W-8J<7%Q5*%S@X+E!RM:N6JSAJ
M%:Q8K4#,/4JE)Y@AF&#$(8QBSG.<YSG/+N,8V6UK&-1K&I!$3(B(F9$30B%8
M7.<]SGO<JN58JJY555TJ?EY]'`X!,+0[;F6Z0[/UQ?T8$J5-S&X>C6!'$QF`
M!F-;/AJ=/+XT:$><$C/.1EA5(A&=H"'-*F/[,Y*QS6[MMRGNG`:W")\$>]-:
M6Y?<FM]AWXY'0SM5R:3-6_C,[`<5I<1E15K5@]OYF+[3?PRIR.1%T'LY:]GT
M2M2"P^RH$])9%"I[&V:6Q5\1"SE,Z,+^@(<FQ87@6`F%9-2J`Y$6/`3"Q]H!
MXP+&<8HK64=1A]74T-7*5E5)>YCVKG1S5@J?BGK+44U1)JZ>354\Q'2)C4<U
M4THJ113N'/,=PX`X`X`X`X`X!__3O\<`<`<`<`<`X5"A.D3GJU9Y*5*E)-4*
M5*@T!*=.G)`(PX\\XP02RB2BPY$(0LX"$.,YSGLYRUJN5&M15<JP1$TG"JC4
M5SE@B%&KJ`=0?0/9_:MUL"YV2_=H:[JLE3!:9JB#O#32]-A:"5!9LCECI._4
MW6RI2Z3IY3>,,U&VQ_!"$A(3@U6$@)F;5V?9UWX#;\NCPR;1T%;40F3ILQ%G
M3HPZK$EP24Q);5A!SID7*Y8-C`@2XKCMW%<7?45S*BKII/4E2V*DJ7#WG*^*
MO<KUY&L@B-2*PB?:!=3WH_-8$S/(>D/&&ID38*+`O2JX-9S_`)+P`0!B//FK
M2PKUA@>X#LR<X"R/(A"SG&?^)5V)YD3-:9)\QICIJZ%29*;_`(*Y$]33FGNJ
MRVP9,LUJ,33U'K_DB*OXF;2H']72WC+*30Z82S1JR''^N+(D#JLK9LP=G`L%
MDNHIHML2BDR8`L8P(EO=6\\S.<=TS^?F+6K\Z+5575--+Q6B;^5$FKZM1)<]
M5YW,<B<A[DI_+3'X)(GOH*I>558GKUE?*]2.1><ZM)/JY45="_7:>ZA]+2F)
MJ.\H(6R2.MR(M*DP$TW./7(O8TG;77P2?#%D[!20(L#%GN!P''?[Y'G542UV
M6)6952ZA-#7*L5_2Z6U4TY(KZ3JF^6<E_P#)17+(?)72Y$3^K7N1?3D(56OT
MNM4M=L*#[SZJ.OQ9B7O?X2I&"O%YV(L/+`<++?F+QJ8(0,*E2,L)91[HH2),
M"%D0S`X#]]M&'W[<&-:J838%9!??GS&R):<^NYBZR)I1J*O(A@JRT\(PV*U]
MVTT4]V4Q9K_1JM<D/2Y43G-UO04WYIAS7O?3^BKG9A[!%4#W-M?Y3<CG%"I+
M,48EJMVL*'-\7BZ;T^&IFS!_KC<T8<Y$I\,QV.,7X))(3E1?YN6CB;&2KPJ)
M<A)TQ6LJ&R4?JL6")+>KGK%ZK_UN?JRTCLT1D55R[UY>W#0N=,MV2^:LMB*Z
M2Z8K=9R157M1K<C8>TUNL]?;76@B(EGWD$$JC@#@#@#@#@#@'__4O\<`<`<`
M<`<`KV_6"M]_HXZZDZT5\\Y2W#LJTN"!Z.0*BRU\/I,!HVZ5N9H0Y&>0?8!X
M36)'G(,!-2X<Q@,`<F!WIC\GK1^M8TN.5DJ.&T+D5L4R/GYV)_YY)CN1=FBH
MJ.4CCS&N'Z9AB873/A6U2*BPSME9G+^_V$YM;+%"AURVA7X<`<`<`<`R'4MI
MS:D+.@=OUP[C8YU6\I9Y?%W,(?%+(=F584L(+5ILB"!:VJ\%Y)5)Q]I:E,8,
MH>,@&+&?'B.'TN*T%7AM;+UZ2?+<QR<SDAD70J9T7.BHBIE0]-'5SZ"JIZVE
M?JU$IZ.:O.BZ>5%S*FE,A[/;3?:.$;E:XUIL'!,@3H9LR@R_,.5`%"N(3-L%
MY"6Q)<(/8/)S(]$F@*,$$&5*7)2@(<`.#RB-RX#56SC5=@U7E?*=U7:'L7*Q
MZ?J;"*:%BF="U6"8M(QO#*7$J?(V8W*GY7)D<U?0OXI!=))[F",J.`.`.`.`
M.`?_U;_'`'`'`'`/@6<A"+.`Y'G&,YP`/=P(6<8[<!#D8@A[1?<QVYQC^G@%
M)_<_H_=5W<[9&S-@YQ&JH(43-Z,!&F`=NM1R>'09K[4$.B*/(4`2>XRLA103
MS0`!A6M$>I$'Q#AYS:&V/,CR^MG!*'!J6?4*DIO6=L5B^8N5[UR^\Z,$T-@W
M,B$%XY9=W8YBE5B4^5)17NZJ;1.JQ,C6IDT)GY5BNDBY]G7ZD_Z,5%^]=J_`
M>9_[SV1\>I^4O28G[:W/\*3\Q.@?9U^I/^C%1?O7:OP'C[SV1\>I^4O2/MK<
M_P`*3\Q.@?9U^I/^C%1?O7:OP'C[SV1\>I^4O2/MK<_PI/S$Z!]G7ZD_Z,5%
M^]=J_`>/O/9'QZGY2](^VMS_``I/S$Z!]G7ZD_Z,5%^]=J_`>/O/9'QZGY2]
M(^VMS_"D_,3H'V=?J3_HQ47[UVK\!X^\]D?'J?E+TC[:W/\`"D_,3H-Z?15T
MCZ@VA$QL.O[Q9(*HUXLA!F0X+8+$;GUPAUG-):=,C>V]J+3%&&H)2QEY0N(0
M9[^34R(S^0!)F!11YH739UW4U%685-G)C,A=7K2U:CY2Q56JL<['=9O,KTTH
M;_8V`W';T^IIJ]DM<-FI'(]%5KTS*B0S.3(OH:NA2QCR%B2QP!P!P!P!P#__
MUKGOL7OI[R>HGP1W+\P/FQ]JM'@F([])\/,-L+AXI1;K-[X/8O?3WD]1/@CN
M7Y@?':K1X)B._2?#QL+AXI1;K-[X/8O?3WD]1/@CN7Y@?':K1X)B._2?#QL+
MAXI1;K-[X/8O?3WD]1/@CN7Y@?':K1X)B._2?#QL+AXI1;K-[X/8O?3WD]1/
M@CN7Y@?':K1X)B._2?#QL+AXI1;K-[X/8O?3WD]1/@CN7Y@?':K1X)B._2?#
MQL+AXI1;K-[X<*B*;V(TYZM7LUI\E2I235"E2HTHN(A.G3D`$:<>><;U!0ED
MDDEAR(0A9P$(<9SG/9QVJT>"8COTGP\;"X>*46ZS>^'-[%[Z>\GJ)\$=R_,#
MX[5:/!,1WZ3X>-A</%*+=9O?![%[Z>\GJ)\$=R_,#X[5:/!,1WZ3X>-A</%*
M+=9O?#C-B.]Y!8C3]F-0"2@]G>,-TFN,LL/>%@(>\,?4$P'':+.,8_E^[GCM
M5H\$Q'?I/AXV%P\4HMUF]\.3V+WT]Y/43X([E^8'QVJT>"8COTGP\;"X>*46
MZS>^#V+WT]Y/43X([E^8'QVJT>"8COTGP\;"X>*46ZS>^#V+WT]Y/43X([E^
M8'QVJT>"8COTGP\;"X>*46ZS>^#V+WT]Y/43X([E^8'QVJT>"8COTGP\;"X>
M*46ZS>^#V+WT]Y/43X([E^8'QVJT>"8COTGP\;"X>*46ZS>^#V+WT]Y/43X(
M[E^8'QVJT>"8COTGP\;"X>*46ZS>^#V+WT]Y/43X([E^8'QVJT>"8COTGP\;
M"X>*46ZS>^#V+WT]Y/43X([E^8'QVJT>"8COTGP\;"X>*46ZS>^#V+WT]Y/4
M3X([E^8'QVJT>"8COTGP\;"X>*46ZS>^'__7O\<`<`<`<`<`UP=5*X'2M=3'
MJ!1!3+$UF;33"+:IUV?`H;,+"F[*9<!JM'9U@1>%5_')?-']TIRB&R63,)3>
MU.!W9'^W).0=[.`*YLUG3-*_JY?4]TML1K?'V;],PR::^1LJXZ[D$,GZJEV"
M1QZ>:86XKKNR8O')?`UCC0\C:4;;E8@2+P&,IQP.P(P#$!LMV'ZN>RVHDEVC
MHJVZPIJR+]K2*Z-R^FWJL$,XB];O"?="Y\:_K62=1^4S&0O2E=3<]2*%)*A(
M]MX9@WC)#@AB'XPR@/(6KU!^J-6K12,?7ZRTE$["NSJ$QG3"O'VY6.60.'V;
M7=F4=.[5C%\I8I"+NMR25<JK9\K5V;'R-+'&0F/I8"34*Y#XO="!#W<S8C:3
M;"IIZAMFL]3"8AI%U3^F7K?+WMC9)J]3_.Q"2[M4)=<EM47)95)`9@T+2NMM
MHHDUMZIF4/#O&'ET/4.2;))B%0!.R(]3[;VT+_MP-2:K%SW62@-\["TVN,]N
M9,(YI%8+4C(4@L?84RT7ZX&!E$L8YLK(5DPDN"GC618XI82^C/."4$##=+]5
M+J/7-K&[[9MVJU:,=,2K22ZMKX18#I'WCV*J^95LB,G$(IZ9+T]^&RB[F^RH
M`@5HCI$TLL+&POQ.<F-BI/C`1`2JT!W_`-I[^O>L*BV4KBCH@&\>G/5V_P!#
M":A6396Y0)'.K!)A!M<3-UE+JX-LN<E+:YH73S3<G;R&Q0,]OP)S`46YG@;I
M.`.`.`.`.`.`?__0O\<`<`<`<`<`C[/=:JZLF\*8V!DZR;&SJ@0R<59(D,S>
MF^%,ZZ:,CE&)2\K(6G/"P/#\\1AU/;1+5))BDA"8,D@9033O$`C5:_2QU&NR
M=[-3^QV2R'IPW%KN+53L<Q([<G\?A]EP.#`-+A+.Z1F.O;4W(UD0*4GEMKDD
M"0ZI"E)Q9:G!9Q@!`?5?TJ].)7"=A(-;$.EUZ)-H(S6D(MV17'8DME\U<X32
MF%!E,QA@E@7)N=XB35SFL/<FMP;3$SR)Y.&XJUJE=G"C`'GW?IV5%+&.BV6Q
M+/V6LX[6ZWF>\J@D,[O.4.LHCECQR*N$)C;RN>T@6Y1*`LD8>W)*`MUPLPIP
MZ*S%65!IO?P!TB\^DQJ/L!-[%G$L+N*,*;9LJI+KL..UA=,]KF(2:[:.S&R*
MWN!2P1ET1D))\RM$51(C%*81!*P)):H\DQQ3I5I`&3H3T^Z,K"^9SL+5KW<%
M;RJW'B-R:[XG$[3D2>K;KF$6:V]G0S>PJ\<1N3".:.B!J(`\.;4!K5R#NB]3
M&KP:=@P#H,$Z6>M575C;E"UQ(+ZA>N=QL-AQMXUX9;NF>*EAK/:ZTQ=8:"JF
MA<I6OE9MLD,6KP^2:7!.WH0N:O*(A,,S`P`9*I[0.@:-M6O+E@HK(Q-ZMUP8
M=2H<>_V3)Y`TH:!B[B0\1Z"JV1R5FMSGZ4[I"5);BH`8Z"-*#WU`P]H<@37X
M`X`X`X`X`X!__]&_QP!P#2?MQU1Y72?4,TSU8KB',LDIB9[#1'7;;NUG$!PP
MP2W=@Z?LF:ZT4M#505Z-(&?+P0PN32()A:K*%@6M)>"\&.Y8RP-ELCVMUVB>
MP]=ZFO\`;$70[&VO&Y-,(%483%JV5O48A[<I=I`^'$H$:I&R-Z5O1'&%#<#D
MOF_!,"G\40!8P!C4?4(T^S6,(N!%<B5]A%G6E*Z4J\<5AEBRZ6VA:D&D<GBD
MOA59UO%X@[V/83M'GN%NQ:GT9I6E%DMQZCO^7+$;@"/=K]6W7"%O>G3!7S;;
MMO+-SI,[9KA1"==ME)`ES64%13)QM>;$IHW3SV].K]!28684HC29(8_$97(U
MBQ*E:C<N`0,@,75EZ=$GMYGH2/;6UR]7%(+654DS0!M)E"M\7V:@8T<C<8Z2
M`F/"2X);&IP)$J<!&8;$IP_`-4`/P(O`'=JLZB6FE\6@Q4C45Y(Y?8DU8[$D
M$&*98?/@L$VC-7/>(K/)G7<_=H856T\B<:DXLH,NS6XKVL]>4804:<84:`(&
MH2GNH;L3*-3I:[.NYE"0Z]]C.J=;^M73QE6Q->(1H;(HBO-DH]1;'%U,*HZ,
MM"A\DDB,CSPER^C1)T*5Y>4A*I4G+&F'@#;W?G4:TOUAEK[![MNYOB<FB;7"
MWB:(F^'V+-TL"1V2\F1ZN`6$\0"(2AE@#A83T5E,Q(WE0A5O!F0X2%'8$'.0
M)LCP/(!8+$$(\A%@`AAR,`1]F>Z(0`C+R,.,_=Q@0<YQ_/C[O`*W^MFU_4@V
M@J/:BXV+<#3RJ8]#MV[ST\U%S8FKDH=&*\G"%3M!55.ODOE3'?Z):RF6C9J[
M+8:!G97,:1,2)8`DW[Y,6!M;V"ZD&EVICM(XML%?#7%I#7L/C,TL[#5"K%FR
M:N(W+W4$<A\@L]37$2F3=5J.>R(6$;$6^GH1O"HP)*+"@P0<9`[P?O-J6GGE
M_5B*\H>=/-6JO-N78.-HL.[BMJJN$Z-T7JWZ3F(&Q2D+4($C,I&I;R3#G--W
M,8-3@R,O`@(VV=NXQ3:]]!*SUHV@H%L4;`H5.Q$HJZ;PRQI':]TZG`JUPF:9
MPJMH96HD^!/RM,K(<B12(MO4'A39+)+.,*4(C@,50[KF:..+EL(Z6=,I91=6
MTS?:_76-6-;=+[`05JL6>P]KKU'9[>E-E%3M")AD$%LN>&QQ9'E9P9"E]$6.
M2I(0V]Q1@#9E&M@J;F%U6?KK&IVUNUTTS&X'+K.@)"=T`Z1&.6<4[GP5S7*C
MT!+2H+D!+$J$`"90<:4$O&3@EX,+[X&9.`.`?__2O\<`C/MW=T[U_H.PK"J>
ME+`V(MU!&WD%54_7L><WA9-9_EM4CC36_NJ0`&V(1,3D$`G)S6J"`DI`F8(P
M>J$0G-`K7;R],78*K]%*DLFE;8W(VPW#9MN]>M^7"IVB)Q=%!9_M"EL.,3.X
M+$PTJ:2AUD5HG9V1Q<P1YOE,D2*&AM0HF?PQ#2E)@`9WZ@Y>Y#CU"8K?NI^I
M-N3A5&>ES?I^NUBYKTR+16OMN;UES-'9Y([<$_Y9GO%@0C7ZD&=.SQX28YTD
M;BJ;&PH1*7Q%24"(39J]8Q/2MTBUUD>M74%UWW&U(H4O9'4&\*-A+[/Y>W[A
MR;VE!/:WM)MBK3(8)`4M@SV4N!B])-7)"D51)4`]<O:UAJQN+`V&P:![I._4
MFZ8<LV!UJD$C<Z,Z8K^=:]GP5'$XS0%;;C[*3>N6;949LD;W`UB.>&6'5:Y"
M):6!*X'.ZU];\E83MHECB@`B4IT>VJK/IX==>^*:HJ51G=3>&XKHC%.5Y&61
M&TSYET]@,E2TQ2D)@C*T&MPFA<EHHQ]=6E.VF!/'A4B`G(RH()(X!W:A(]M1
M&-_;#NRN-![P@&NFKO21C^M.BK3.8\P1!84PMZ%TL5R*<HEA>[*17G-[!K.,
M1])$TX/-(H\<6H=3&I9X[<J`Q+4>K6TL5U;^KWTT;I+;IQ]*7J&]M@B7$R)(
M9I'9Y6=33VPH8Z7G*%:X22N8"_[67.\.8DJI4[NX6UM+7@;C7\T#&`#`;A4^
M^TP82JSDV@NR,MF%X]=QNV3WQG:^)1QL8IS1]56>ODNO5?5A(I1+DR"0TBCA
MM0L"4R0JU*&.QDG"=,`Q0<Y^($"X?=MD2FK*0G-@L\`DD_L)A@[PXQJM:Y9W
MJ<.TIGY;&I.88BSY1-*(X:-UD0"DF')<2W(B"AX/5#2E8'D`%<;ID:EU31VK
MG3D@UI],>T)+N_7EGL4VL:])10C7!'NK[%FT_F<KLBR)WL2J0&O$IC<*9YNO
MP@;$BER)=3TC<BR!(G"%4B`@;-XWM$XM*33^\];;%AUD]2/ZP&RN^UEJ6,V-
M2.,SW76MK#2V[6T-I)TRYK7.SH$P4W0",2=8G`%G843<-&;VG.A.1`9"ZEU)
M]0E_GG7)9=8].+74&[-L>HM%PVSHS"D&(XHU53(VQ9?R"G$K6L3.5G6A=-O;
M`2MPDZ4A*%&ACZ%Y6.*PIR`B+7@;16NI;G;>JWI),F[3&QF.D*!Z;4Z;V9W2
MN,%%&*UMRTII"*]=&&=V`C4DQ^56]'M<]?F5F&TLOJ6#EKJWE%K\,B,]T*`B
M=0FL]I2+ZNGN=7NT&OKY05TS6B][K:D[I<!S#'YH]VO:LILB_ESTY->1'N,+
M@[;(4$7;PFNRE&X.GH0E!Z!.G)0J58&VCI@0BSIO$7?>[86%N4`O?;&I=<&#
MV'D9)89A!*>IFOE)40:IB,0,JP2Z<6//)?,%A)P\*D2*0M[:K`%6VFXX!M5X
M`X!__]._QP!P!P!P!P"*4^WPT=JF82.O;1W,U2K:?0]#ESEL'GVQ%0PZ819M
MP5@[+A(XU(I@W/3(AP3G`_%4D%%]W/;V]G`).M+LU/[4V/K$YM[TR/3>B=F9
MY:5J9Q:G9J<4Q:QO<VQP1F')%[>O2'`-).*&,LTL>!!SD.<9X!Y#@&)[HO6G
M==(.?9=Z6/$ZK@*9T:60Z63-U(9V4#R^J@H65JPK49P$;@[+AA)3$A[3#C18
M`#&19QC(&6.`86B>R6NL]L^8TE!;\I::7/783AV!443M.#2.SX,!.H"D4"F,
M!9WU9*XR$A6,)0\K4A&`F9P'/9G/9P#-/`(D7+I73E\7K0VQ-@K[,-L;69X?
MW^ELQ^RY3&(O$'F6L!T4EKB*)L:U&QORR21=4<WJ37$I68%(>863DK`Q=H$M
M^`.`17N/3#7V_P"VZSN:W8Q()G)*F;U#?%8VML&?):K6>)(&F5(ELTJ!NDB.
MM+#<&*2,:1>W&/K6X>26IB%!6`G)DQA($J.`.`.`?__4O\<`<`<`<`<`K4VV
MT;0/O6RWR:M37.E&ZTUW20HM&S!O2,R&3Q-:\*K8O,B-(\I61[:DJ<L][&6!
M08O)<$8219R8E.#@10P,<;[[P[+:M5[UT45=[1+*:0Z/Q/0^0Z;H4U::U80U
MSBY(1DM?53&R/]+.+=+8/+9.2!M1ENB=Q=$."?"1KB,%CX!Y7>[9SJ"06Y>M
M"XT_N?)JSJS0/3;779BJ8(CIO6N4.(K,L6)W6]GPU=(II2<B<'*GGE/52H3L
MG5&&R7"T:$3<\(4Y:Q.L`QEU:-@+\M.,=:*"JK_,KVF--C.GC7$'HU##JI7Q
MJV4.RN*KF\QGE@R6201QMC+@[/$U.98KF.21G;DKE&LC4$KO[6F$!:?C5EUS
M-)#.(E#I_"99*ZQ=F]ALF,1J5,3[(:]?79K(?&IEG#*UKU3E$W9S95):Q.F7
ME)SCDI@30!R6+`L@5=+[M>U*'V:^M-WC2$_=*PMBG=1.F[9L#F32Q0>3'-LA
MA>NVQ#\A)5,5C1.:Q-R:W`Q%Y=46>WC,RG,'X)A)O<-`!W>[MW-[M,*^W?73
MG9,R^IE7O30TFVZ8'%^IRI6F-4Q9VPVP]^U!<CG7<=K6OH<_R.J*]C4)1N[6
MAEZR1.!0&W'GG`X)J@0P-T='F2VE'!YE5[=0!CV#IG8!\I)BU,66M&]?*RE9
M$JDL27X<(DP6!4+!5D(O!1<S@40\1M"CCJ=S3%`4%%&+R1%Y(`G/P!P!P!P!
MP!P#_]6_QP!P!P!P!P#3#`/XMT\_@P_F>J_,#^+=^('_`//S_P`/_P"K^3_-
M<`@QU;/2?IF*/-_9RO._1O1>%_\`J)[:?2<\MX%H=OK7HG]P?J/\SW/+>-_:
MO2_:+L_J/%X!B^>_BB^_]I5_IHUG_/W\4?F[#_V]_P#S1_EG^3O3^`?LWP],
M]4J7SWV7[S'T1*L\I]+WVO\`*=WPYGX_LA[._P!U_1,\3PO8CSWW_E_7?!^\
M\QP";?1[\/Z4'5#\Q]##U;VHT=[/H:^:]DO9WZ'D,]%[GI?^"OU<>I^I>Q_;
M_BKR?FO5?[!Z%P"/%\?M=ZFO^V*_$[3^WC]KOYSIOXFOY'_[3\I]S@&0-<_V
M]6C_`+<K_0R9_IS_`&]?F)C]J/\`\,_\WY"X!@?5[T']4NJ/D_LX7\0[5[QO
JU%?K)_5+ZMYRY^WZ'/KO_M]_E=Y?^Y?&]HOZ.`6K>`.`.`.`.`.`?__9
`
end

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>9
<FILENAME>g55393g94f87.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g55393g94f87.jpg
M_]C_X``02D9)1@`!`@$`8`!@``#_[0\R4&AO=&]S:&]P(#,N,``X0DE-`^T`
M`````!``8`````$``0!@`````0`!.$))300-```````$````'CA"24T$&0``
M````!````!XX0DE-`_,```````D```````````$`.$))300*```````!```X
M0DE-)Q````````H``0`````````".$))30/U``````!(`"]F9@`!`&QF9@`&
M```````!`"]F9@`!`*&9F@`&```````!`#(````!`%H````&```````!`#4`
M```!`"T````&```````!.$))30/X``````!P``#_____________________
M________`^@`````_____________________________P/H`````/______
M______________________\#Z`````#_____________________________
M`^@``#A"24T$"```````$`````$```)````"0``````X0DE-!!X```````0`
M````.$))300:``````!M````!@`````````````!:0```94````&`&<`.0`T
M`&8`.``W`````0`````````````````````````!``````````````&5```!
M:0`````````````````````````````````````````````X0DE-!!$`````
M``$!`#A"24T$%```````!`````(X0DE-!`P`````#)4````!````<````&0`
M``%0``"#0```#'D`&``!_]C_X``02D9)1@`!`@$`2`!(``#_[@`.061O8F4`
M9(`````!_]L`A``,"`@("0@,"0D,$0L*"Q$5#PP,#Q48$Q,5$Q,8$0P,#`P,
M#!$,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,`0T+"PT.#1`.#A`4#@X.
M%!0.#@X.%!$,#`P,#!$1#`P,#`P,$0P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,
M#`P,#`S_P``1"`!D`'`#`2(``A$!`Q$!_]T`!``'_\0!/P```04!`0$!`0$`
M`````````P`!`@0%!@<("0H+`0`!!0$!`0$!`0`````````!``(#!`4&!P@)
M"@L0``$$`0,"!`(%!P8(!0,,,P$``A$#!"$2,05!46$3(G&!,@84D:&Q0B,D
M%5+!8C,T<H+10P<EDE/PX?%C<S46HK*#)D235&1%PJ-T-A?25>)E\K.$P]-U
MX_-&)Y2DA;25Q-3D]*6UQ=7E]59F=H:6IK;&UN;V-T=79W>'EZ>WQ]?G]Q$`
M`@(!`@0$`P0%!@<'!@4U`0`"$0,A,1($05%A<2(3!3*!D12AL4(CP5+1\#,D
M8N%R@I)#4Q5C<S3Q)086HK*#!R8UPM)$DU2C%V1%539T9>+RLX3#TW7C\T:4
MI(6TE<34Y/2EM<75Y?569G:&EJ:VQM;F]B<W1U=G=X>7I[?'_]H`#`,!``(1
M`Q$`/P#U5))))2DDDDE//=2ZIDY%.7@9'1LVVESG4S26Q;67&O<VS?6ZMEK6
M^_\`X%9]F&YCWT.P^KOJJ>15<S)?J6,EMM3-U?I5V/MMK]O^A_F_TB[%))3R
M--+KW4X[\+JU0%^^O(?>2YNX-QWOLL<_<VGTV_S7^CL_TGT%7AB^NIXQ.JU&
MUMP+;+W--;FU>IZ^CK-N3>^ST*;6?I/5]5=<DDIX^UA?=9<_IG4]EY<Z['KL
M`J<7`&RST_T>]^]^VOU/\'7_`(/TO35FG`]3(IKMHSZ8IJ]7.-SFVV.BRJJK
M+^S[O4?3L]7^<V4_:ETZ22GGND]4ZC6,3IQZ/D445MKI%SWAP8QK'!K["65N
M=_-UM?\`\:NA2224I))))3__T/553_:58?:U]-];:@\FUU9V$5_2VN_J^ZO_
M`$BN+,RV=2&/ENNMJ=CFJ[:QK"'`0[TO?O\`<[;_`#GL24Z:2222E))*EUJS
MT>D9MPW3319:`QYK<2QILAMK9=7NV_324W4ER?U(^L5W7KLVRRIU'H-I&WUG
M7-=O%FT[;6-])]?H_P""_G_4_3+K$91,28R%$(!!%C92222"5))))*4DDDDI
M_]'TKIN>,^A]OINI-=UM):\'FJQ]&]I@;V6;-_M_J+.OKP&G,=5BY%5[J\@F
MYS;!6X^[U?=N]/:YWZ2GU/T?^A5GZNM8SIFQD;6Y&4T!NH$9-XV_G>YOYZ?,
M'4ACY9N=2['-5VT,#@\"'>D7.<YS'^WVV>VM)3I))*EG]1=AN#?1]3<TN!]2
MJO4$#;^GLJ\=VY)3=6?]8/\`D#J7_A2__P`]O5VFPVU,L+2PO`.TD&)_E,+F
M._LJE]8/^0.I?^%+_P#SV]$;CS0=B\;_`(IN>J?#&_)D+T)>>_XIN>J?#&_)
MD+T)2<Q_.R^GY+,/\W%2222B9%))))*4DDDDI__2]/Q,6C#QJ\7':64TC;6T
MDN@#\W=87/67E-Z?OS=E-S,CT;IL<+!4Z1N>UNX^B[_2?^>UM*AU`9OHY<FL
MXIHLV@!PL!V<[IV._.]NU)3Q?6NO7L^N?['.)B68WVO%J]1[+/6`O%#K;&6,
MO8QES?M%GI6-J0?\;+&.RNG;FAWZ'(Y`/>E4^O?_`)2A_P"'\#_J<-7O\;']
M*Z=_Q.1^6E6\<0,F&A5QL_XK!*1,,EG:5/<]#`'1>G@:`8M,#_K;%'ZP?\@=
M2_\`"E__`)[>@8F?1@?5W!R,BRJE@QZ1NOL;2R36W8WU;/9N<Y#SL^OJ'U6Z
MED5OI>TXV2W=CVB^OVL>/;<P,_ZE5J/%?BS=/H\Q_BFYZI\,;\F0N\KS<.U[
M65WUO>^2QK7`DAIVOVP?S7!<'_BFYZK\,;\F0H_5GZP]9R_K@>G9&0'XC+<N
M*152V/3-C:_?74RW=_;4V:!EDR$?H@$_8QXI`0@#UT=SK'ULQ\#K!Z4<E]>0
M7T!C?LQL8/4TV.M%C/;9O][_`/!KJ%Y5];__`!?-'C;A?]56NL^NWUB_8APA
MZ=MHR?5D4W"G2LT/VN/I6N]^[;NK]-[/TG^D3)8OD$;)F+2,GS&6@B:=KK/4
MZ^EX8RK;*::P]K'/O<YC?<8@.K9:[?\`V$_1NJ4]4P_M--M-[`]S-]#G.9+>
MWZ1K';ERWURRCF?4'#S#N!R/L=IWD.=[]C_>]C:F.=[OI-KK1/J#?]G^IN5D
M;BSTK,FS>T!Q&T;MS6&&OX^@A[?ZLSZ\7!2[B]7#X<3V:2YWZK?6?'Z[=D-H
MLNL%%=3GBZEM0!?O]U;J[+/I[/YM_P!#_2*&%];,/)^L7['9E%]HLOH=2<9S
M1OI-]CMN5OV>RNME?\W^D]+_`(9-,)`D<)N.^FR>(4#8UV?_T_556=T_$=>_
M(<PNLM:662YQ:YI&S8ZK=Z3F[?Y"LI)*<3+Z3TD]9PYP,5S[A999<^JLVEU0
MJ%$6/;ZOLW?29]#TU/K72^EOIJLMP<:]PNIKFZEMQ#++:Z[FLW,M<W>PH^4"
M>MX+@TG;5>'.D`-W>CLEOTG;_3=M1>J-!II.QMA;DT$!P)`_2UMW^QS?<S=[
M/Y:-GNJD>9TKI1PGLLPL>VJIFYE5E;',&P?HX8\;&[/S4/I?2NF_LK'8[#QF
MMNJ:ZVME+&5N=8T>M^A:-GZ3\]:-M5=U;JK!N8\%KFGN"G8QK&-8P0UH`:/`
M!"U.1T/IG364Y#F8>+6?M%U<T4LKEM5EE=+7^FRO<ZEOL38G2>DLZUE"O!Q*
MS576YKF4,;8'6F[UG>JVL;O4VM_PBT.GXCL6E['$%UEUMQ(XFU[K?^_IZ\5[
M<^_*<X%MM==;&B9&PV.=N_-_POM1LJISLWI'27=4PW.P,5YM+S8]]#'//IMW
M4Q:ZM[F^F[^4E]8.G=,&"+K,/&L<RVI@==359M;;;53<6?:(9]!RT;L,6YF/
ME%Y'V86`,C0FP-;N_L;5/*QF9+&UO<YK6O99[8U-;A:QKMP=[=[$K*FMD](Z
M0<-U+\''=16V65.I8Y@V#]'MIVEOL_,]J#T?IO3'=(QHQ,<-OI8^UK*F,8\V
M,;ZKC4QK6?I?ZJT;R!183,!KB8YX\T#I+2WI6&TZ$45`P"/S&]G>[_.0M30Z
M)T[I,9;Z</%KVY%E,TTLK]M3MK:W[&,W;';E4IP^ECKC6LPL9EGVC(:ZPXU;
M;'$557>RYK'._P"U#]]CGU^JNBKJKJW>FT-WN+W1W<?I.6+CUU'K+K&N=/VN
M^6N(@N^SX]?Z,-:?T;6L_P`(^O\`2_\`!HV>ZJ?_U/54DDDE.?E%PZS@`%T&
MK(EH)VQ^@]S_`,W^JCY^._(KJ8QK7;;JK';C$"M[;=S?Y7L4WXK'Y-622=](
M<UHTCW?2[;D9)2DDDDE*22224I))))2/()%%A`+B&.@`23IP&A`Z5593TO#I
MM;LLKHK:]G&UP8T.;])_T?ZZMI)*4J%G3XZAC9%#&-8Q]ME[C.XNL8VL.;_6
MV^]7TDE/_]7U5)?*J22GWK_+/I6?9OVOZ?O_`-!NW>H_Z/V_]/M]'Z'I_P#G
M_P!-1S_VS]EMW?MC?]CM]/TO2G=ZV+Z?I_9_^U?I_P`WZ_\`VG^U_P#"+P=)
M)3]`#]I?:[OLW[5]'[5;]HGTMO\`._\`:?[9^E^R?9MGH_8_9Z?_`';4;OVG
MZU'I_M/U=EFS;LCT_M%GH_:/6_5]WV3_`$WZ[Z7I>K^M+P%))3[_`(W[9^R?
MI/VKZN[%]+=]GW[(L]2?\!]'^F?:OT_\S_A4"C]O>G3_`,KQ%FS?]G_G/='K
M_P"&V>KZG\Y^B]+9Z7_:=>#I)*?H&_\`:OVZ[[/^T=\#U/3]+TY].GZ'VO\`
M5M^__N(JM?[;WV;/VQZVVO[3N^SQ$_\`:??^@W;-^_['_P"??37A"22GWUW[
M3_9MWJ?M;9M'I?S?J_SU&S9Z'ZYZGT_Y[_M-ZOKI\C]NRW9^U-^ZST]GV7;$
M/]'Z?M_F]_\`2O\`"^CZOZ;TUX"DDI^@+?VK&+Z'[4^T3?ZG\S.SU:-OK^M^
MI?1_F?0_3^CZWI_X9&Z3^U_MF-ZO[1]#U'[_`+1]G]/;Z=W\]M_6?Z1Z7I;?
M^"_P7K+YY224_P#_V0`X0DE-!"$``````%4````!`0````\`00!D`&\`8@!E
M`"``4`!H`&\`=`!O`',`:`!O`'`````3`$$`9`!O`&(`90`@`%``:`!O`'0`
M;P!S`&@`;P!P`"``-@`N`#`````!`#A"24T$!@``````!P`(``$``0$`_^X`
M#D%D;V)E`&1``````?_;`(0``0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0("`@("`@("`@("`P,#`P,#`P,#`P$!`0$!`0$!
M`0$!`@(!`@(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#
M`P,#`P,#`P,#`P,#_\``$0@!:0&5`P$1``(1`0,1`?_=``0`,__$`-T``0`"
M`@,``P$````````````("@<)!08+`@,$`0$!`0`#``,!`0````````````$"
M!P@$!08#"1````8#``$"`@4'!@H'`PT!`@,$!08'``$("1$3$A05M78Y"B$6
M%S=WMW@Q(C:V.!DC,U-TE]>8N-@:05%RLE<86--4U3)2DI2T-55E)I;6)WF9
M$0$``0,!!`4'!@D(!@L!`````1$"`P0A,04'01)T!C91L;+2$W.S87&3-546
M(G*#PS05=587@9'1,M,4E+2A0I)CHS?P4B,SXX2DQ.1%1F;_V@`,`P$``A$#
M$0`_`+_&`P&`P&`P&`P&`P&`P&`P&`P&!4M_$>S283:TJ"I:NVNQW1ZYXH^V
M^Y9(;6\9-DZB+%QU]8XI`9[,-%:^&-0&*.,:>MN3H/U`FTI+]?3?IZR7Z6=,
MNIM'95K1WR269?E%VPW(X+U#TEXM(E-*#_-:&/VK-@5Y^/M7/$LC+D;DW+9^
MQ*(F='4R1")G&C*&I<-[5_,:T6GP4V4G_IM8AK#RM^3R1\P=%VC(KJC:&0.=
M$T9;=.O"J-<N+W&"O<Q[NAE"/P8[7L01.DGU6KQ"']8W;W.&Q0[EJTGOISR]
MC(4*%9)MMK&QV[H2\.K7OR%T;4-[WRGMQ/R#WOQ3#X["D%6P"O13R8RCGIZF
M\KM[14>:S)>W[E#^D/`0V!5JVI,G="@$@^,H`C'24CJS2&/Z^\O7D\'S3?-J
MR6QXX[N\FHNJK'JA>>Q\PC=ZU>9MUXBH]T=XA!X>$U[(A1\;<C4"(5C(5!I;
MPE*.&,P@P'SLK)U;:PS/+_('Y,M5)7[4;TPAKBR8MOR[ND[DC7`N3[5?IDW<
M25%6]LU=%YKN%M$PJ:.2Y`O>'!G<S8]I,3L@W1IA"D823A7:4M\GD3T\J5T2
M*R_%7RY"WM#*9%.N]9'R%!9.SU4PZ<IPZ))2WQ^Y[)'`HN6>26L<%*6(&I$R
M+9@2C!+BR!"T`>Q:3N2W^M/R-1M?>3GJVD^/J`K>O+4-K!XI?B[JR'3&,O4*
M@#JY,]S<[6PBA5<!6@L&)OCNB>&:OES<4-H$/279AFP&)Q[`'>I5EU8F9^=G
M'I'N'LJ2VIVQ0,VZMCR>I9/S'VO^C6+0:MJJDT;?BZKY+<;)?JU*L2,-9-DU
MA?\`#]DF'2)/(#3$`FI8>-OTE4B:1CJ1$;-G2[!$^O\`M6M*DZ`D)7=">$4#
MQGP]X_)&G-/YLJ6V9B\3/J"HD#9'2H]O6H86M4-<E,WH.W5R4DGN!*'1^RTH
ME_N"D3,;.E^&I^F>B.D)'R*X=+2,V5V-2GDL[KHM&XO#)6+?("8[">,`/J%G
MF1%2-R"KW:2,CI*UB16>TD;0G:)"$(S]!V<:*1%:>1A8?DBZEYUYPX*;J*N(
M#.D8.:Z%L&SJ<8:(H]MKHQEG70;U!%;A,)H_IPR,HZ7IO@;6Y@@K4WFH22SW
M%0K+T'\CR%(GK5;*/-Q!4-E=H^)F%.,5H&;(GK_SW^]&.H9;(8-1;G]'514[
ML7^?,IBK2^/S7\D:@"H;/82F^^\%)"1_"68,84]"6[KF`$G</65?]Y51S5!;
MB@M;<\5]TSP/RBV\XUE"ZTE-?K*IL3G!++Y$Z0JRI;"#+670X]<Q!(9UQ:E,
M+;2L3"+$2/6MF%I%*TVH<R;R+]8=&<47^TV[;##936/QGP&ZG=H=:NI8]J,M
MT_O`BMU;ZZ-;?`$Z$TT,(0)DOT8<7MN+$`*@*8*G?O;%(B8^=ERUNN.JN!["
M[ION.WI()562#R!7_4T[@;A!:U<"%\SG/'KA)^<'TU<9$'"01AFBMC,S>D,T
M@/2-ZDM$':TM2-0>`P4B:>6C8UY0(;;4\X!\<4"N`B(VQ>,ZZ^X-C%EMUEIM
M1"`3ZSY:@=&Z5LDZ2U]'P&1R$/LF<3TCAIH;!'I6XP>R"!F!"`1C%*S3<AET
M[TIU;XX5)G-M4N%'\QI8MR=2EMI:DH!E8I_5318UI^0Z35M+I##9!=E:I[`>
MC9+3PTQ3BE6)@(T*\Q0:E)",(%8S*(B=KEY'Y$^](-=723L;T.DDM>MLQ\W\
M/K>K72GJF1MM>AX#K-LG=)NA<L9XN@ETJ4$N4E)3J2W%286H2(O11\R::(X)
M*1LV>1+;PERF>3J\/(-.K/MA/=T_G#+X^)I*K)2L,0C!+PZ2WD9HD)C5]!0-
M$W15`;#2W$+(9I,04(9C<(9P='B-Q"7=&Q82RL3`8#`8#`8#`8#`8#`8#`__
MT+_&`P&`P&`P&`P&`P&`P&`P&!A2L>C:-NB96U7M5V=%IS-:(D9$1N".,*P:
MERK^2J5L@;2&:0%B)+`G6F.$4<B?A"(>M&HC0[WK8-ZPM)AFO",)36H.?OI6
MQ+?L*"UJ2Z/]1/-;6E8LK;61*-=2)!:QW?XG,I&Z:*)U7Z<G9ZE62J-"C`#X
MQF>FM;WA:RCPBYP\<-6LK-V(T4YS!'F*O*_8;!C'0K)$H4L1,5;16O4+9$I3
M%IRUI5@3XVUUPA2EM)Z$XPO:(!&TN]_X/>-A6Z=C&\=C7B:!#VM=$X-RNEA7
M:B=_F;<9'X!'4+/>R:A#%MP/[J:4WL9!;J56RN/GO@P'!+TE4I1&A![H<FQ?
MPF>8O1W$/2,E@O:,7J:D;0F;V".2Z!]!IX2R+98OU&0Z0Q=];98H;B7L1S,4
MA`2F-&+0RBTY8-?S2R]!J5F-CL3'Q+Q[&FVTF:/\P40S,]VDEIK<:6ZKH<E:
M[$3$KE+H0EE;>4TA2.R9,Z*S%119@-@*4B]T&M&:T+0K/E=%DM!^/RIF2O:T
ME59<U5^TI(C?['5<`=&:$Q\Y;#YI"SW/I9K@<5,"F<'Y"_P!"8HE92`A0(QL
M*V8JU[0?70K+),$B/+M[P;GVT8'&*XL&!5RA1/\`S=*6]E3*FJ%H4[8"-('.
MO1*$Q0V/2=H;PHRAD@+$`@OX->@?R8-L5=2EGC^X@G>UFYIR?0<JVX32<V,L
M$_UC%742B=V8%H#/Y:/:QN-W]/2W;`A$M4:]##C$9(][^,L`M"L^5V@_C'DA
M5/)):*OFFCEEB3"+.T)E<S65E$%<@D<3?HY^9SZPO;BH:C3W-O>XAO;4L"=L
M>U38,24S8B!B+V*SY1FXSY.CT1G,`9>=*>;H19D9B,-L&)D0./\`T!,8M`"E
MY4'8Y`UC1#2.3?$`N9^VT!@=_)#-V,GX!^@M"L^5T1UYYX-Y7K8V<.=0T!2%
M65$_2*UMOOYIQJ)1:#R>4Q=!7<CF"82=(G2M[])(L0E9C32@_,+2?:3:T/8@
MAV*S+`][UUXC:OI>JKXO^L^58_3;-$X?$Z7F\KKMA6ID\3=1+;$A48KP@EC6
MOYZ8[W5;LC0H"!F%@&I.T`(1';W-B_A;8A()TKCAWR+5Y6UL/T)I/JRN4A4G
M-K&7OC"SS=H;?I-P1M,P)9#7),88UJSG2)$)G`C82C@'H`EFAT(KTU=Z;;6`
M)?X_.)K\M6BK;IHJI(?/N++QK]"]/5+,T`<GP*N@XJ@8F'G6Q75F&8Y1I-#X
MVL:0;:3Q`6MZ0A"'902@DZU%K-)B>ED*'\G^-4F:W)0T&YZYK0S0V!Q<J[JZ
MCU:QMM4K*]F$D,ET33S!`C:4R-P8W63Q?YQ,4/9@0GH0;UH.BP:U4K.R:OCU
M-XX:-Z>:E+$>E;JP:9U=59W)T#^8L&@VGGH%150S#HVP3:0NK(L=$&O<%H)C
MBA&4X#3B-($8(H\X(Q$S#/G3LEYB@=?,]E=8.E:,%=UC/X;/H[);1$W!:8Q9
ML><1'020Q_:\)ANIDV.)@AM^TH!JP#^(1>OR"WH17H1ZMI'XQK_C=2=0W,U\
MNVVP3]=$ZLI>Y)>T1*6FR1T>)FMU%8%"Y`I2K')0XDSC2WT0$[T:A6!6>Z`K
M857HV'X45A(W_P`I_,^W=0_#HBK#7A6]W#(U;@?#&10>K?>@T*)KO%T5[.2&
M!4J[8;6T@A_$/0OI,DH(#_C#KTP5E%KGRW/%52#Q?4+YJFW)]5NM:MATCZ"9
M:W6PZ(`8VFM?>8ES]+?H[2%&N1PP]>-&J5`$<%&I4>T:()QN@B;">M-*LF&^
M27@TBH4M\F]64T&I%TO/@"69?G6FVD.FR9'IR414+>$&WK3X0U""L&GVFT8%
M$,"C>O9&$S8I-:4VLW/72O/D=0T\YO=T5HVMW0;LP,5&K5,Q9`I;;=Y5INW'
M$%>GA6"+E1SUIW2?+_)[-T9\R5Z;_P`(#U%)VLW80P&`P&`P&`P&`P&`P/_1
MO\8#`8#`8#`8#`8#`8#`8#`ZK.Y<VU_")E/7D"@UHA,5D,N=2TA8CE1C;&VA
M8\K@)B0!$,U0-*B%H`=:WL0O36M8%!BKB^CJ+KV[I].TUM\ZJ?(+Q3.K<#<-
M2JY1,ID]V8Q]8DVF&:/#*QM,9?J\8!51.%3"_I-+'-R)CI2QX(-,^9+;@XOU
MV32/)+]<]Z#E:&B>4I458W8[?%V2RKX:"(1%.A[2.:IJM:;8K5I)?>';U6,J
MT^5J(X4J$&,QR>,4IVGCZAQ^-R6+`A/T*;99^?WGH*S>X.WH#-;;N-0I=#?*
M*TS>H@R"\DDP,H&'T>Z/?,8YM&D2UNJ2'UX6["9!P]6QIM'/9RMQ2JQG%FI`
MZJ=$4CR-@%ZNZY?^'YXHH2D"I%*Y?U<Q\A<RM")6XR#3KJ7REX9GBT&%0[R!
M*M51R,IWV'N[!H\P@QK;&\XLI*'Y8*7'0D?UIF4*>?D%AQISY8YPF->.<%?N
M3;^\SM9AA:5:MEK7%8?+^.)C/XBF:I;I$E*D4?/>YFXHF]P]E-\_M-\6B@#%
ML&BSTS\R/6[&N2`0+B&/,T_NB&6>R\F<:JN0JX8I18D28999;WU[)&JYR$L0
M85K5&YP\GP+X$CN0Z@4^C88`!@?@"3\$79M9JD=].4<_O1'22VMY`'2YX^9=
MF[:@D#GSM!JYA\**[BKR,U2\JIW(MS-^JA^001W(*VC8(D).JKG;F%.J3"$,
MXEY2G]7=1U"K]O;T/C&96785CR!-!NJ_*!5M;R>.SJ_W6)MD=1\X-LBY[9Z]
M4SEU<K&(@4HF<A2@:S'LP2]Q8%FB',TQ/M1Z5/+_`".LO=OWZPQ7BLM1:M\M
M-T%<H\;.O*4/)G-F-":=VD^=>R5FNGW8\VN:%GG\A4P$L"1W)>M*1_10RPF!
M]L)&P1=FULQ\?)EP)?([$9/(+&OQ\;;/L;R@1^6Q^:6%8#[7Z:-U3;<32U.U
MM$4>G$^.,;<UD.JHY%HHH/QB'O9>_A`$(;"74HPMT5=5E@\SKM'H-.>BXBN9
M+H:(/)FDN?65+)$XUR_<WOZP2JL*@8FV+TY':C`\`).:DKA]-O[U)=_.`7)=
M:,)TZ2(CJI5?AX[+=YD7U+'G:<7C9*N-#J)2OG$PL.832J)"O=VR5&#<6Z-6
M6E<YM55]J/8'^?K02_NS0-<`G24)!"<CW$)?T-)"V661;?+75K`Y6-?EA35=
MPJOGW84/E$TM"1%QOL6/^1B*1^&-KO'GQ<I;HP]@I;9Q*=I;P%)%#.G":,H8
M@C,%&6Z8^=8^\JFXES])_%+9<Q.>4'/?.G5L?36!.GT,@FJ:%M9%<+F&%2.;
M./M/C\K."N;O43LJ"<9I5_A#3=&F:V*ST,+=O6\K0.\3XN&TOS;)I-,NL*%Y
MMLRY/(1:-,J>;BI.RS%]F+U>U:FT2*#Q]>^U^P3%]4,`W,MJ0O2HD`D`UAJ<
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M)NL(VS-&EB$<\PU5XX?&Q<VZCTMM.+>2^`PF&7.-BD*"3SZCWGIJS)D7-@1]
M>::;%8W+ERO2K:;902`^R$XO82S0ZQT,J_A3MV47!HC=5:3NRK=J&+2(URL.
MB5$&2VFP&,,D;01HZR8QJ90OV'EU9T+!(RGF.[]_9C4J7%IAA$2H$4>$1>J_
M-2CLMGI?I"GN^YS4+`.L':F:.M*K>4^/H9"+&.EB"ED_1T7LB[N@K7G3RS*B
M9!*9RO<%ZPAD*=5"9E9S#`!`;[>C=1^FZD,6/$P@>K,<^NOEE(>-';K/HMG;
M[1%"I&"NE[Y(.'4L+822&P3#I2<<X34!J(DW2/8/FPCU\6MZ%O47Y.FCO*BI
M^S&)#X=;+L3EVR%<!IVY?'O">:'%//J\;T,@-?W>4W!:S*]P!SE`9K")?9,E
MTP-A+P]H&UD0-T,*$>>'2PD0WD*Q^%M7R<R?D8#`8#`8#`8#`8#`8'__TK_&
M`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&!U%E@4-CD
MGFDU9(XUMLML50PJ9O(DZ?6G>2CB[,4P1PMS6CV(XU(QM)6RDI&MA()V::,(
M-&''#&';L!@,!@,!@,!@,!@,!@,!@,#_T[_&`P&`P&`P&`P&`P&`P&`P&`P&
M`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&!_]2_Q@,!
M@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!
M@,!@,!@,!@,!@?_5O\8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`
M8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8'_UK_&`P&`P&`P&`P&`P&`P&`P
M&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&!_]>_
MQ@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,
M!@,!@,!@,!@,!@,!@?_0O\8#`8'Q$((`B&,00``'8A"%O00A"'7J(0A;]-!"
M'6O7>]_R8&JT?D^;Y6JF[?2-%2:U%K!8LGC$*$IF#5"&VSX#!Z+:[PDEKQAP
M<&9T]6!Z1.I*"*DZ+.U(]*TB\)R5`>(\F59=7Y7(5)Y0(/:,\1Q)PJR65@QR
M:1L8(#.;/=4D,CDDKMY+DWLSY:L?VYM;T)ZXYOCOT<UH%3N8N*L&+B$>08XG
MDHJE*=+8!:EJP>E8'+;-LAR<6.#02*R:;R]_0QB52@E@BL.9E4@DCRN21)D?
M7$*=M9T1IVPA)$8;HO82PC%KX<)O=W;7!&[MR!U;SOF$#FB2N"$_VS2O?1K2
M`*4QWM'@+.+]PDP(OA&$(M>OIO6M_DP/VX#`8#`8#`8#`8#`8#`8#`8#`8#`
M8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8'__T;_&`P&!]*E,G6)STBL@
ME4D5$FIE2524`].I3G@$4>0>0:$19Q)Q8MA$$6MA$'>];UZ8$`'+Q=\5!+E6
MZ^J%LH==-'DAV?W;G<9=).:A*&O7BKE\83GP!.S%(H@]0^1.`%;:4`"<2]<<
MXEZ+<!:5:47K3Y7>KDX(YJO=K0,M@1-X-:V9ABL1CJ2/RI]BX8Q#(I$[%@0(
M?'3&)8A/:F%_A5LR!L=`%BT<M3+2][,":B0&)1$S#Y>1?[OCNW^#;I[]R4XP
M1OCYTEJY_5[`_L9%_J1#@G?+N>$,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@
M,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@?_TK_&`P&`P.O'RZ)IDIRY3)X\G0IW
M$QG/6'O3:4E(=RB]G&M9R@Q2$DMQ+)#L8B-[T;H.O78?3`Y,#HV&#-++<4(Q
MD*$R0\`%:<0R52PDE2C3&AT9O9:A4G4EF%@WZ"&`P(@ZWH6M["(GD7^[X[M_
M@VZ>_<E.,+&^/G26KG]7L#^QD7^I$."=\NYX0P&`P&`P&`P&`P&`P.A6J^&Q
MBK[(DI,A-B1T>@4P?"I61#7>Q3HR:TQYQ7ER$FOH]K;_`#LUE&GTI"S(=;6.
MFR_EB?\`"&AP*YQO??7;3`)8U5_+9IT!7T.Z^JYM'UK`VBJ;C9W^CG$GE[95
M:L4LK*+U_!%,ZMN86(_B5:,9-'1)!H3#I2L7"2N*:,Z0E[T/UR_2WL*&T=S5
MVS7$0F+LSQ9`V061.M#MU6H5RN2VI#9;J3)YN8IN2\K6DDC9DB!@C<&VG*85
M+((UX&66O+`L)39MARG+G8=NL/0T3YNZBDS_`#F;RD<W@=?R:(EU@M@\PD,6
MDEEO4^EJQY31NA)C.FROBX,1"A+([721"R.S>K.>-`(=VI<<)B*5AN=RL3`8
M#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8'__3O\8#`8'U'^]HD[:;10E'
MM&>P$\0PD[.^#?M:.$6$8PE;'Z?%L.M[UK^36\"L(^^/*_%Z66*X_P`CS&!1
M)1JIE\'J2+3CAEZ,AMW0:F.@*Y,EBYLGK$_UG=G/K*LL-H)3/TN$7;RTHU8K
M7IEHRDZ349UCRI-RGB'IZG+$2W?S3#(;([3-.C$RL%MEYL1/KF871)&:_9')
M)/#6A%+*LD":&UU8UI+D"0R4.+NYH6":K=M"0S\V&!#L5CI;"O)*UIG#Q_=O
MGGFN)8V[C[IU2G"A>'=L),,#2LS'H*Y,VKDB=T3^I6O4I2$XK>M[UL/H(6MV
M6-N^$J*Y_5[`_L9%_J1#@G?+N>$,!@,!@,!@,!@,!@,!@50^S_Q#%W\R]4WI
MS_&>=ZJDK%4LZ5Q!ND#[*I<F=G<E&A0*!+5J9O)TC(,,-5"]``]=!#K6O7>_
MR[VIW2Y5\0[V\'LXQIN*X<.*[)=9U;K;IG\&:5K&S:^$[P]_-'W>XC=P[-H,
MN3)%EMU;;K8C\+HVHR?\T7T;_P"END__`-XSK_V6?3?P%XO]OZ;_`&+WH_XK
M\.^R<_\`M6MX'B`\F]@^21COETGU8PVM3ZB>*^;FTJ'N[V[%/!4S0RU4I,7;
M>@A&08B''`:!HO\`(+1F_7^36:O[X=U=1W/XM;PG4ZNS-DG#;DZUL3$4NFZ*
M4G;6.J^Z[N\>P]XN'SQ#!I[L=D9+K*73$S6V(FNSYVY?/E7O3`8#`8#`8#`8
M#`8#`8#`8#`8#`8#`8#`8#`8#`8'_]2_Q@,!@,!@,"&WD7^[X[M_@VZ>_<E.
M,+&^/G26KG]7L#^QD7^I$."=\NYX0P&`P&`P&`P&`P&`P&!YF7EC^\G[._;8
M\_5;/G8')CP1@[3E\\.=N9?BC+[C'YI:]<VN^`7#/PL/]$NUOM/17U/:.<D<
M[O&>+L6+TLCH3EAX:O[3D]&Q;+S3[8A@,!@,!@,!@,!@,!@,!@,!@,!@,!@,
M!@,!@,!@,#__U;_&`P&!\1""`(AC$$``!V(0A;T$(0AUZB$(6_300AUKUWO?
M\F!I7!Y*NC3IG,*7%SI6K/>499$=B'L4BLB=LD.;X""L;'LIW:39*[U<VCES
MOI97VHZ@E$>*<H.YK5"M8D<%!;4>E/C*D;Z[';8)Y2%3K+XPAN"K&;FZO+!&
MS2R`V3<$T/C3"\5.>FG3LXOVE[XPL#&Z/ZR,M<6=$1#6M7$%))6?I4,HR./8
M"%3JI1>25<I2>/[M\HAG<7,"OC[ITE0I0FM!9+67NE9F':M<%R=&]08G#H>Q
M;TF+4&^@-^@-[^'0K*6[X2HKG]7L#^QD7^I$."=\NYX0P&`P&`P&`P&`P&`P
M&!YF7EC^\G[._;8\_5;/G8')CP1@[3E\\.=N9?BC+[C'YI:]<VN^`7#/PL/]
M$NUOM/17U/:.<D<[O&>+L6+TLCH3EAX:O[3D]&Q;+S3[8A@,!@,!@,!@,!@,
M!@,!@,!@,!@,!@,!@,!@,!@,#__6O\8#`8'P,++.+,).+`:4:`19I1@0C+,+
M&'81EF`%K81@&'>];UO6];UO`A2+QT<:#9AL(J9)$CV2S-R55N=6;].M$;CT
M:ET,9(''I/\`GI^<L:K%LB4^>VPJ*MZM-'`H'961\E[9Y@1%K/E91L#D_GFT
MDXTD[K)I?$PV^*LP2-.,@:RD[##&.<QAAC2(#,[MVF^+`C%FR-L5M9'MM[DV
MOJ]*L)4$*CBQBLL?>1?[OCNW^#;I[]R4XP1OCYTEJY_5[`_L9%_J1#@G?+N>
M$,!@,!@,!@,!@,!@,!@>9EY8_O)^SOVV//U6SYV!R8\$8.TY?/#G;F7XHR^X
MQ^:6O7-KO@%PS\+#_1+M;[3T5]3VCG)'.[QGB[%B]+(Z$Y8>&K^TY/1L6R\T
M^V(8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`__U][-[>0SR60'O>24
M9!^91/-.(II%XU!2RN<[PEQ<VCCE(*J3K)8NO"//R>!-876*2>4N):D!`&^/
MFQTI*X@--$=L<9Q$4K58?RL#`8$)&WR*\@/+.%[:+-?G1*H=XPT-21OIV[UC
M])BYM&YG,(9)H9&$];F26;UY+HQ7CXM:Y0T)%L;<"&M1LA<9[>]86D^1DF,=
M><[S*9KJ\C=AA<9HAFA-??F_N*S=&M<Y2,R>)UB2.;7QI*1*FU@759)TCNXM
M@U;:RK8XZ)EZA,H0*RRA272/(O\`=\=V_P`&W3W[DIQ@C?'SI+5S^KV!_8R+
M_4B'!.^7<\(8#`8#`8#`8#`8#`8#`\S+RQ_>3]G?ML>?JMGSL#DQX(P=IR^>
M'.W,OQ1E]QC\TM>N;7?`+AGX6'^B7:WVGHKZGM'.2.=WC/%V+%Z61T)RP\-7
M]IR>C8MEYI]L0P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&!_]"4/>U=
MT3..\NBHN]W7$G>5RR\($:[2$NE^_'B<5BG-!3<5/K!M>ZHN2)\OJF@IP<$3
M0H<%[.:I+42'8#EA"P272:/TC=&Q;LYMK25TUS]2U2SJ=+;.F5;5A"H1)["<
M/G=K9B]QJ/H6EPD"@;DK7N1HW%2E$/XU)YR@>MZ$:,0]BWE83O9KPC\B\DY0
MA6D)OE/F#TBDDCY].-6A]XPD8"OG4I9R<:E)\8M>X6$P&Q@]=:%KU]=!I0'X
MN;@DD"=V:S[`Y=LRQGM62>ZVC-J#L>2NZP[5=6!`FMU;&U5>Z1J@.ZLW,0J8
M2SQDIG8(\$UP`G2%*%GSA4HRZVW8RK:/C*<GIS12JCKI3T'8J1GB36Z6;%80
MN03R?O9<7FK#8EEV7*8)-JZD4PGLE?GIAD*;YI88@VXQU4F7E+4$E?"#E"+O
M+&Q(KR2L[0Y^/[M]2Y-;<X*&OC[IU6V'KD*96<W*@TK,S`J4)IY1@TB@(R0"
MT,O81:V'6_7\FLLI;OA*BN?U>P/[&1?ZD0X)WR[GA#`8#`8#`8#`8#`8#`8'
MF9>6/[R?L[]MCS]5L^=@<F/!&#M.7SPYVYE^*,ON,?FEKUS:[X!<,_"P_P!$
MNUOM/17U/:.<D<[O&>+L6+TLCH3EAX:O[3D]&Q;+S3[8A@,!@,!@,!@,!@,!
M@,!@,!@,!@,!@,!@,!@,!@,#_]&3MS$R"8=KS"(78V<1O]AL774.?IA+JAH/
MR5REPC$J,(I[;BUIGF*R`-'[>7",1EE$\-SH4N;#EY1:I<+1Q91B:/TZ-GD7
M6\K\S`8#`8$-O(O]WQW;_!MT]^Y*<86-\?.DM7/ZO8']C(O]2(<$[Y=SPA@,
M!@,!@,!@,!@,!@,#S,O+']Y/V=^VQY^JV?.P.3'@C!VG+YX<[<R_%&7W&/S2
MUZYM=\`N&?A8?Z)=K?:>BOJ>T<Y(YW>,\78L7I9'0G+#PU?VG)Z-BV7FGVQ#
M`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8'_TIQ]4+W%+Y2;02(N8IN<
MX.MYUPO2$L,P[S8W.TW9(Y\YQ1+)$Q]8[WSZD%*X([NJ]":>2-N3HX>:2ZFA
M/.2)EDZ7Z1_5C:N*Y7YF!]1YH2"3CAB*``DHPT0SS-$D@"6#8Q"..WH6BB@Z
MUZB%Z;^'7Y<"ODV=T=;NS,4=^G"DV>!S%N?I5"NDW^I3&*'.L@KVC;/LR?0B
M$01ZF:&1NM'NCS'6<Z+RUZ+;WQ^8TST-*E/`%(Y`C.D>1W5#Y#^B:<E48DW8
M6X+`*@LI#$K;0IH-#GZ52>N:Q=XK>,T2Q%W"VC<CR71ZAL&0N2E:ZE$'^[#Y
MHG0%&CVP`.)2)W;VP+R2E.YGC^[?$VKFY(G+X^Z=$YE+FM2X'*TOZ%9GL1*$
M\AX;`-RC8-#UHTPM4'6Q:W[>_AWH5E+=\)45S^KV!_8R+_4B'!.^7<\(8#`8
M#`8#`8#`8#`8#`\S+RQ_>3]G?ML>?JMGSL#DQX(P=IR^>'.W,OQ1E]QC\TM>
MN;7?`+AGX6'^B7:WVGHKZGM'.2.=WC/%V+%Z61T)RP\-7]IR>C8MEYI]L0P&
M`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&!__3V,7XL0ROR$]"U;->O!TH
MW(NT.>+2;AS:KNDI-:A3K!X(Q%PICHR:U99"BI"J]VUS-Y:!)7EM0[3C?%!J
MU*H.1H5!4?I&Z-BW!E?F8'P,++.+,).+`:4:`19I1@0C+,+&'81EF`%K81@&
M'>];UO6];UO`Q(9SY0AK6H8S:0J$UE5N;0]*V@RM88-K5/,>VM$P.RAO$R[2
M'.;&)Q4;1GB!LU-L\SVQ!^,7J*SY7<'F`0.1[6;D,)B+]MP7-#HOV\QMF=-K
MG)@"(#"XK-KD1_S*YD`/>DAP_B,3:WO1>P^N!&3R+_=\=V_P;=/?N2G&%C?'
MSI+5S^KV!_8R+_4B'!.^7<\(8#`8&H3KCF2R9+.>L'^*HKCD,2N:C^5V!>)A
M?VV?+42J&]'29TM)BK"NK%DZ:*(RT%5J"URIF`6F0NNU1V@EJU9PDYL91,;$
M=+AIGI&><0\\4L=1<[C2."72_2:<I856M7.ZI52+L5UI&:G-=.>DUI1>*2&P
M!`,A+W+6%.ZIT<:>GU*Z(?F#&Y0F;R[*RXA!RAU[13=6EH5Y%[,M>U3Z>YPF
M]]UM/IM&I1#G&[(='6AD9(<!W"\Q*46VFK28QU8\;4N$GT-C5%,IZ8Y6@,<$
MA@K$_,L$,2EU6,C.K?6TIF>U34WJ7EG(6@<B6EU/2$FN#:2XE%E%N!2%6(90
M3P@"$W0/BUK6M^F5@Y7`8#`8#`\S+RQ_>3]G?ML>?JMGSL#DQX(P=IR^>'.W
M,OQ1E]QC\TM>N;7?`+AGX6'^B7:WVGHKZGM'.2.=WC/%V+%Z61T)RP\-7]IR
M>C8MEYI]L0P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&!__4V.1(CI3R
M`>0.X[<XG[I23.GHC.H"O4",NGINJCZVKM;)H`YMZ:,T@Y5PU0&91X22KY:R
M!-;E"MIDH9`<H7J"3!^FX_39$16%MS*_,P&!$E=W/S"GCXI,S3U]L%L_2\\T
M0E*IRJ;@O!Z=K1CL,4V$_L$?C-/0&<221M[+#D9JU4[H$BEF3A!LL:L)O^#P
MM)<U$>QN=9U-UM<1F>+ELV130=?:8%4!LEF4.<I2K;(:W=)'3WN(-R*4MT8>
M*>E*!Y<6TU6VLCA'UR5>>F4)S"M"DN@>25X:&SQ_=OIG)T;F]0Z<?=.I&PA<
MN3)#G%4*E9F6%,A*/-+&K4"&<`.@%Z$+>Q:UZ?EUB2W?"2D5=0,511M[,0NC
MH!FKAG=1MC&@.=7MQ`WQA.K$A9VM-K:AR=%>B?;3IR_YYQP@@#^7>L$[Y0V.
M\BD.+CO/<X#2ET_F!?R2C#$DQ5-\.;&^*NW1-C%UC740$D<I>E<+!G2)ZV8N
MD#-%2WMQ8F4(%IQ0BU"?1LJO5W[7T6YY(:RJ2Z[6I!9"I#))'4<%431[`RR^
MK4;Z^&DUZ59(&&(0.139EG,E4`CRHHY6L2H!MS<FT>J5'E)4BHTE4ZNRK.',
M?64'ZG:W9VA#%(F9(Q-[%MR,D`V/18Y"Y"<S79A9S&IV<0OR9B:RVM?]+)?<
M:5R)^1"3*##/F"R*DQ1*?"-`/FG\J/17CJEW/<<HF(TM(T]K1NR'N2J+:C,Y
MD9R0Z(N<,0M1+'J'637P$A1H)"H$H^8TJV/82_@]OX1?']QW$[F??;B.LX?^
MLO[K[+![3K>S]I7\*VVE.OCI_6K6L[J4?,=ZN\D=V-%I]9.B]O[3+U*=?J4_
M!NNK7J7UW4I2/G:2/^9N\@__`(7\;?Z,;M_XD,VG_`#_`/K?_2__`"7P?\6X
M_=Z?I_\`P4Z/&GYV>P^PNWJ,YLM:`<U-$#M`ZR2'MTKV$6BQRY"*'4[8=BMA
MC6X22Z9BS%A/=H>02>$YO.^),:9H&P#^$8?B^_7+#[E<(TW%?UY_>?::FW%U
M?8^SIUK,E_6ZWM<E:>SI2D;ZUV4GZ;NKWYCO-Q#/H/U7[#J8)R=;VO7K2^RV
ME/9V?]>M:]&[;LMFYJA]Z8#`8#`8'F9>6/[R?L[]MCS]5L^=@<F/!&#M.7SP
MYVYE^*,ON,?FEKUS:[X!<,_"P_T2[6^T]%?4]HYR1SN\9XNQ8O2R.A.6'AJ_
MM.3T;%LO-/MB&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P/_]6R_4OA
M:KZDI'%9'7O<_D;9C8A%H)7[<U%7I6B=F4UK6[V\/\1K-P2M]%H3SH&U.$C<
MMEMY9I0`!<%'P;`(S8LE&4W5Z(;F<K$P&!JYZ+\<IEXLMC-09?43J"Q;SG5O
MC;[GH(%L1Z)_GY1<2I("R,MP+&BJY#8\"W&/IQD?R%:09:@X2;9!?Y%>I1E%
MU'X;(\9WT\X-\BJ"Y1T#8#1%HE%MVG!(8XL]BSLU#$Y0PS6;6[*:ZGU52*RI
M_)'Q>Q/*)4Z+U*!$MC@252-Q;G5Y;UHB?+N2+\B_W?'=O\&W3W[DIQE2-\?.
MDM7/ZO8']C(O]2(<$[Y0[;_'I5S%.J%G\7LNZ8VZ<YUDT5+7K>C>*\=V8N)H
M7U6]O(U">5UI(EK0_3DE04W/S@R*&A4XM:)*G$,.B`;T*[W=6#C6+MEC0"QY
M#<70%DJ*X?FZ<1^+6/.F611/=HMM.+Z'#:"A,5$6Y\(DBRN7984>@1KTL;,<
MUA[I]%Z<CC%8A7Y'&5GP92%6W6T]`LJB8NMG((J[,#H^/Z^.J#)4_21>\NDN
ML*0&ML7:E^I7+W*0KE*](A/0QL2I2)04U%'A+-`*S2B:N$4UOQ37ZT>,/L#>
M']8:OS>/(CQ'QCL7YW&U?S5^I.'=JCX=ZJCG4S0[;/X*_O8>0_\`/[T_W7;P
MS2W/7PEP[]I8_@ZALSE5X@UW8K_BX7HX9RBWX8#`8#`8'F9>6/[R?L[]MCS]
M5L^=@<F/!&#M.7SPYVYE^*,ON,?FEKUS:[X!<,_"P_T2[6^T]%?4]HYR1SN\
M9XNQ8O2R.A.6'AJ_M.3T;%LO-/MB&`P&`P,6W'=E3\^01RLVZ)XP5W!VHY(C
M4/L@5"*`H<G`SV6UE:$*<M0Z/S^ZGZ]M(WH2%"U69_,)*&+\F#>Z@S]248_W
M:\\[M,S4JK781N:5<TBATZ2QDYW8X_&)6_Q=HLI7&2*RD,VCL8F;6X.3$WO"
MEX;T2TLY0F*+^(6BTV587>/)/QFP;D>G:U'Q+N,NSDTG>E-7FHU(M,0[`U)'
M^N]I:T/U:L&B2>J9(I>I%&?I=A9D3&L5+5B=,0,W2IU92ZA4]B5BMCB]0MX`
M_-#7)I/#U+HG2+R&\V00M\71F4(VY6L2IB'<EFD38I0FJ4@CTNU28TL)@AEC
MT$CM^`P&`P&`P&`P&`P&`P&`P&`P&`P/_]:_Q@,!@,!@,"&WD7^[X[M_@VZ>
M_<E.,+&^/G26KG]7L#^QD7^I$."=\O+.ZV0HE/6/4YZA(E//-Z5OL9IQR<HT
MTP>[8EWJ(PP8!#&+?_7O?KG7W+GNSW;UW<K@.KUO=_0YM5?COFZ^_!BOONIE
MOC;==9,SLB(VSNBCG?OGQSC6E[S<5T^EXQJL>"VZVEMF7);;'_9V3LB+HB-N
MW9"/OT6V?_AR#_ZHG_\`9Y]M]SNZ/[K<-_PV'U'S'WD[Q?;^M^GR^LNZ_A<@
M`)Y.Z0()`$H@'2NQ@)*#HLH`S*GKKW!!+#K0`B'\&O7>M>N_37KG)_-30Z+A
MW?7B6DX?H\6#2VX\,Q9CLMLLBN*V9I;;$1%9VSLVSM;^[B:K4ZSNSH=1K-1D
MRYYNR5NONFZZ:9+HBLW3,S2-D;5G'-=OL%-;\4U^M'C#[`WA_6&K\WCR(\1\
M8[%^=QM7\U?J3AW:H^'>JHYU,T.VS^"O[V'D/_/[T_W7;PS2W/7PEP[]I8_@
MZALSE5X@UW8K_BX7HX9RBWX8#`8#`8'F9>6/[R?L[]MCS]5L^=@<F/!&#M.7
MSPYVYE^*,ON,?FEKUS:[X!<,_"P_T2[6^T]%?4]HYR1SN\9XNQ8O2R.A.6'A
MJ_M.3T;%LO-/MB&`P&`P,-=#5)^GJC[2IG\X/S4_25#7B)?G)]%?3OT+]+)]
MD?2'T/\`23/](_+^OK[7S1'Q_P`GQZPL;$5=\:6@UWPX6G$[KA+?$FJR+-O*
MMH?)*==9(YQ^W+?@#56LM'+9"UVQ$!2V`-S$!X5-S<D*9UNE[T'WUAI+<26>
M*[-S'@_'.]RJ=W;8=O3:E;1D5AUKJLHF:\\YM!S0FVUR=X>(!9UD0J03&3UU
M++-JE@?#FAE4-#-'DHRC%9RH!OSVR4T6NZB17*'+,IYD<;31J[PE5G5[*G%J
MW6,$D8IJI+JA@:'V=KDS6G<Y?9L^2."XR-R9H93S6=!&D"LB-)ERE"<[K'1Q
M6U)FJ9&$,!@,!@:\O)*79?Z(*Y5URUV;)"6VYFY=/8;5[G?\=7S*%AK&U$Y#
M)(Y9RW%IU?,5C:6=J61QTI8&1SVI=$")$M`G;5:Q:E+"`USO?82OG3CY([)N
MGW.]:AHE7NY8;%J_[!;V:^^DDM0\]2F.U_);8Y7M.IG:.&/+A+W-M',G90]5
MND?BGD#B4-0UFIR8RV5GR,CJ2.ON7.BB#_9OOKZIG&Y3Q)1*?TTM1#+++0:U
M>D8R_83WXF<XM5\`D!R8Q0`F!5(I>7,.C-Q]PC^]JR;)AN_RL3`8#`8#`8#`
M8#`__]>_Q@,!@,#0O=,1Z#8&VT&:7/W<4XKK_P`U70;DFD-7I[6':[P-1R3"
M7*@5S/KG^/1R0$U4PW*!<G;A,Z--%DC^D1Z<?YI1P]1E%/D=;7)>^^89,QV)
M*_T\]A;<$E<SRQ*K907,P1YEMA_CEXR-E@L:?HBFO]M?HQ&9,IVP./YNQ>'1
M1+HJ"F2$T0-2)]T79/R-F/DE0J5?C^[?-(>'%L`DX^Z=.4)D)3082Z%ZI69B
MVD7"<FMP4%IQ:!L.]IC$YOH/?H/6_AV&RQMWPE17/ZO8']C(O]2(<$[Y>6QU
MA_:LZC_B3OK][$NSMKE?X#[N^[O^+D<Q]^_%G&?Q[/AV,!9]Z^27:?PN_P#9
M3Z2_B3#^Z>O,XVYP>/.*>[P_"L=(\N_"?#_Q\OQ+EF[-8OMU-;\4U^M'C#[`
MWA_6&K\WCR(\1\8[%^=QM7\U?J3AW:H^'>JHYU,T.VS^"O[V'D/_`#^]/]UV
M\,TMSU\)<._:6/X.H;,Y5>(-=V*_XN%Z.&<HM^&`P&`P&!YF7EC^\G[._;8\
M_5;/G8')CP1@[3E\\.=N9?BC+[C'YI:]<VN^`7#/PL/]$NUOM/17U/:.<D<[
MO&>+L6+TLCH3EAX:O[3D]&Q;+S3[8B-?2/5U3<LM<5<+,.D:I=-W!\016-0]
MA.DDF>MQB/K9/(E2-L*.3!$F:FI'H/Y3-&J5JE*C3`/6*TQ!I8B9<]/NCZKK
M634G$)4Y/R9\Z#D*J,UF0FB$H5)G!S10N03Y26\.`&K2&.&@C<95FA3KC"5A
MPR]@+)'L!GP"E:L=<Y=O4/U2H)24\Y21X5;;G)X<"7".*VSZ":4C-6\D:5SZ
M>888E;@R^/VNT*V@D1FU*L.EI>RRSVQQ*2B8F-Z7>$1VZ]=')DY-ZA>F5Q7-
M#PT<[76Z-+LUJU"!R;')!6LF5H7%N7)#"E2)<B5%`,).+&$PLP.A!WK>M;P1
MOAY?Q=X7;LL&]W1;N][`'>]_I-G'Y=[UK_\`/<[<TO+SN3?IM/?=W<T\W3CM
MF9I.^8CY7,6H[X]Y[<^:VWC6:+8OF(VQY?F?+]-]V_\`C/;O^DV<?_'<_?\`
MAUW(_=O3?S3_`$OR^^7>C[;S?SQ_0]'3Q*/3S(O&]R$]2%W='YY7U*@-7N[T
MX*W5T7&@=G<D)JQP7G*%:HP)180Z$8,6_A#K7\FLXJXGCLP\2XCAQ6Q;BLSY
M(B/)$7S$1_)#IG17W9-%H\E]U;[L5DS/EF;8F9;%,\%Y)@,!@,#67Y5O("]>
M./GV$72P5>UVPOF5TQ^I?S?=Y8KAZ-O)>8'9$V,?/I%%'Y&<I-3_`)@:3!3^
MR7H7S6Q[,U[?P#]YW;X#J>\W&M%P/29K,>HS]>EU]>K'4QW9)KU8F=L63$4C
M?,/6<9XK@X)PS5<4U..^_#BZM8MIUIZU]MD4K,1ONB9V[F@K_FFK1_\`1A`?
M].$A_P!5^;5_@1WC^V-%_P`7^S?!?Q5X)]G:K^;'Z[MU??B=[(F,_@D/6<=P
MA`DETTBD64KDUUOQZA$1(GYO9S5A!!M9E%G&I0+=C"`0@Z%L/IO>L]5QSD]Q
MS@/"=?QC4\3TE^#3X^M=;;[3K3%8BD5LB*[>F7L.%\Q>$\6XAI.'8-%J+<N:
M_JQ-W4I$_+2Z9_T+?>:C;`,!@,!@,!@,!@,#_]"_Q@,!@,!@,"&WD7^[X[M_
M@VZ>_<E.,+&^/G26KG]7L#^QD7^I$."=\O+8ZP_M6=1_Q)WU^]B79VURO\!]
MW?=W_%R.8^_?BSC/X]GP[&`L^]?)+M/X7?\`LI])?Q)A_=/7F<;<X/'G%/=X
M?A6.D>7?A/A_X^7XERS=FL7VZFM^*:_6CQA]@;P_K#5^;QY$>(^,=B_.XVK^
M:OU)P[M4?#O54<ZF:';9_!7][#R'_G]Z?[KMX9I;GKX2X=^TL?P=0V9RJ\0:
M[L5_Q<+T<,Y1;\,!@,!@,#S,O+']Y/V=^VQY^JV?.P.3'@C!VG+YX<[<R_%&
M7W&/S2UZYM=\`N&?A8?Z)=K?:>BOJ>T<Y(YW>,\78L7I9'0G+#PU?VG)Z-BV
M7FGVQ$)^R>*8GV`B@HGB0I(P_0-)9;$V.CI`HE938.+V_##81.T.HQ,TY[20
M_";PIE+8YZT(2!8E#L92@@PX@PL31V1=RSMZ3\\)9':$FD!7--\!N2`FKF9@
M)7*&9OJ.SJ=CE?/JM`G2?2:9F8+-./&ZC!M>L4I0"-W_`#Q>@KOV,7.7C^C"
MR_(U?[79TOAKVRS]1+7&)P5(DBL.=V%$Z1%SBL0+:6]3H*`EO%&%H'-4+:G;
MP&727U*3A=OA3"NRC8+A$:.T?['76/\`#1>W[K95A8WP\KPK_%E_]@'_`'=9
M_0_1_H>E]W;Z,./-3^DZC\>[SR^>>0_%Z6/A\^[+XW_9$B^NWK/Y\\8^M^*=
MIR^G<Z\X?]7Z#W-GHPV39ZYYC#[]?-51JZ(!SVZRI.7;UF1B5S2*0U.E6K%I
MT5AGRX7E\=%"5.<B84)AQ^RD8EAA&W`TA0%-HW:91[1:32O0CI,O([RK`W^0
MQJ0R>;EN3*[RZ.M0D%26<ZMU@R2O+&BE0V-'JO=6Z*J6ZP7BO+-FC>RO93::
M?]'*QF[-WHI,I,*5*2DY4]QUU>,:-F=6R`$KB(5J5"DDB1&O3-+L8JC[%(_<
M:%*Y,F^D"4::0%)E6P:]4CD0I1':+5)5!19-S)^!7`_$^_V$Z0_C)@W[A^C<
MV-RF_P"8/=_\O_ELSX[O_P"$.,?DOCXE&?.T7-#)](?KMIC]KM9?UX8L^+YB
M^".\G9I\\/INYOBC@GOH\TO6(SAQU$8#`8#`8#`8#`8'_]&_Q@,!@,")76O6
M#'RDQ5\[N\;-D6Y_,7.,!--7NC0Q1AM8X++)T]RR4.[1%I@K;6%L0Q?VCC]H
MMD$?,:./-)3E&F!+$582B'D=B$@MYSJ>2UN_UJ`-A?FE&)[/GQ!&X%+8RD62
MMJ<IVTR5X0-[0XH%KDRL9C(G;3W/3RWS^**='$"=32$0IL9'\DKHF;_']V^0
M>4XF#<>/NG4R<2%G=W,DLP5*S,&A+E+:A5IVM/ZFZ]35(B2M:UO>Q>@1;TDM
MWPE17/ZO8']C(O\`4B'!.^7EL=8?VK.H_P").^OWL2[.VN5_@/N[[N_XN1S'
MW[\6<9_'L^'8P%GWKY)=I_"[_P!E/I+^),/[IZ\SC;G!X\XI[O#\*QTCR[\)
M\/\`Q\OQ+EF[-8OMU-;\4U^M'C#[`WA_6&K\WCR(\1\8[%^=QM7\U?J3AW:H
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MVSYZ>5\CWWXIK^#\!RZWAV?V>IC+9'6ZMMVR9FNR^+H_T*D/_GR[L_\`7!V3
M_M3WQ_\`S_.D/X2\OOL#_CZG^V:8_B#WO^UO^%@_LDQO'EVGV7+.[.0XM+>O
MNJ)=%I)T+5S%(XO+.BKBD\:D#*Z2E`C<6E[C[[,W!H=FY:E-$`PE0286,._R
MZSX3F1R^[H\`[I:[B?">$^RUUE^*(N]KGNI%V2VV?P;\EULUB9C;'S/JNY?>
M_O%Q?O!I=#Q#B'M-+=9DF;?9XK=L63,;;;+9V3'E>C+G-+=:-':/]CKK'^&B
M]OW6RK"QOAY7A7^++_[`/^[K/Z'Z/]#TON[?1AQYJ?TG4?CW>>7SSR'XO2Q\
M/GW9?&_[(D7UV]9_/GC'UOQ3M.7T[G7G#_J_0>YL]&&R;/7/,09L+AZ.R+H;
M_P`T\`L.65S<PF:5I3G,TUQF$65/:^J=5?!7%1#G%^;FOZ#@80[<OH<K92-Q
M6'J1C]HY6H/&6NRCI4?X4E.[.OVR+7MBNKZ470S2QA9TML\^$2U37<?6NS<]
M5_!&?3[:3M$OT6P-R942M2Q-S(S!D3DE+<%R@2[7S&"NYW?F#BTSF"PY[)62
M[+$F,$E3"UM;-6\H6.JEO9G<K:!9()>YF&R-5&'&3OSVG5K1JFMC833CW9<:
MX"<5)^E(!,UZ$Y,(K@?B??["=(?QDP;]P_1N;&Y3?\P>[_Y?_+9GQW?_`,(<
M8_)?'Q*,^=HN:&3Z0_7;3'[7:R_KPQ9\7S%\$=Y.S3YX?3=S?%'!/?1YI>L1
MG#CJ)]1YNB"3CM@-,T248;LL@L1IQFBP;'L!)0-;&::+T]`AU^46_P`FL#33
MP%U1,[)G=X5_)NJHW=J)YC=$&4+9#NR0HI.XW!84#Z"F-CPU1`H4VP!WKZ21
MEJIP;RMJ9Z6KI1$F9'L:M[5;6[&EC*8W;&/7R[NZXS0E)W6RW9'I1I%-.DJX
MGD>.@[4>]VC,XA;MVL<=<6FM&>L9=))!'HK`H4-Y5(&:915<U-$<5&[%(3S0
MI,&RLPVB<A7[$>E*$AEFPE1,5[*(*^)C>)T9!5DAD#I"UAD;=9"I>:OD,KK5
M^T]KF\:G:IB<5*#W#!E?X$XHU.34F*2DSA$`+MZ.O.&=75+2U9L%;S*.28^M
ME,OA135,)%;(8/*Y1*V:Q;9<I&QOB"$T=`*H961.K0&R1"X#GCB)6U-8DRM+
M\1I8B*3,HSVMW[TZR=7V90=3U#%YLQH)<\515BE?$GUO')K!C?.E==!20:2Q
MG6TXS#II*FAKD,A+U!@(&`9R2/\`S&Y*4-3\N3%I%*U2,XT[37]"O#U"K,11
MF`6DSMA*,-=M2!\6'JGN&-[$&VGG4U(<Y!7IH$LBEZ%,DCB!S<G!"W$`==KG
M)L=D"H%28IN;"\(__]*_Q@,!@,#!UZT%%>@(^ACLID]F19*C^FDYJFM+`?X*
MK=6B2LBR.R&/OP6D_P"0>V9V:EH@[`I(,-3&A":F,(-U\>%B:,06[P%S/=S,
MT1Z<Q-Y&S1U@AT.C*%BE;ZP%1N$0R)V%`D\,9!-BLDQ&P/T*M5^;70/Q"4+"
M5A1GNA4(&XY(*R^_R+_=\=V_P;=/?N2G&"-\?.DM7/ZO8']C(O\`4B'!.^7E
ML=8?VK.H_P").^OWL2[.VN5_@/N[[N_XN1S'W[\6<9_'L^'8P%GWKY)=I_"[
M_P!E/I+^),/[IZ\SC;G!X\XI[O#\*QTCR[\)\/\`Q\OQ+EF[-8OMU-;\4U^M
M'C#[`WA_6&K\WCR(\1\8[%^=QM7\U?J3AW:H^'>JHYU,T.VS^"O[V'D/_/[T
M_P!UV\,TMSU\)<._:6/X.H;,Y5>(-=V*_P"+A>CAG*+?CC'II2O[,[,2XUS(
M1/38O:5A[*]/,;>24KBE-1J#6F11U>U2!@<RR3M[(6H5298E-T$TDTLP(1Z#
M33,^:;34<#UAR$_T'9[_`!YA<(I)[`#!9!S--G0#%">A2YH@AR.-=`O<Q@5D
MOGT0C1/1J1\;'1H<$24Y,888XC*2F1E7;,U8*2\!]`Q)FJJX8G6Q6[]_1Q"0
M7%6!;-0#=4)[!!9K1S#$JD:(?`'VD42MU;8A6;;+%D523]NJKZ=CCDB0%(0R
MQ8X[+7^9OEK!?/76M:\<[48VF,V>Y0:)+['C;`JTN8H]/5C`WJ)@QLJX*YS"
ML:6F0F*$Z8W2E1HPDL(O=,]?BW6$_)N=YP/,R\L?WD_9W[;'GZK9\[`Y,>",
M':<OGASMS+\49?<8_-+7KFUWP"X9^%A_HEVM]IZ*^I[1SDCG=XSQ=BQ>ED="
M<L/#5_:<GHV+9>:?;$58_P`4G^I+DO\`:[//ZCD9M?DQXWP=FR^:'P/,KPOF
M]]C\\J8F=@.=4W/&I]X5Q3_$U3_]<FS-8\X?`?$_>X?BV/N>7/BO1>[R_#N>
MGWG&SH]&CM'^QUUC_#1>W[K95A8WP\KPK_%E_P#8!_W=9_0_1_H>E]W;Z,./
M-3^DZC\>[SR^>>0_%Z6/A\^[+XW_`&1(OKMZS^?/&/K?BG:<OIW.O.'_`%?H
M/<V>C#9-GKGF//\`//%:UIQWR;7<R1VSK%CS*@B].:0L[#.92RM2/YJJHHL4
M_*MS8ZI49&U"M0,TS80:V,P8A;]=[WO.AN3W=;N]Q[@?%-1QCA.+49[-7U;9
MOB:Q;[.R:128V5F9:@YC<>XQPGB>@P\.XADPXKM/UIBVFV>O=%=WDB&GK]-]
MV_\`C/;O^DV<?_'<V[_#KN1^[>F_FG^EKS[Y=Z/MO-_/']"S%^&6L2PIAT#T
MZWR^?3>6($M.0]8E12B6R"0I$JS<U/(VJ3)WAQ6DIU&R1[!L8-:%L.]Z]?3.
M?^<?`>#\!XGP;#P?A^/3XLF"Z;HLK29B^D3-9GH;<Y<<6XEQ;0\2R<2UE^:^
MS+;%LW=$3;6BY-FG&QE<#\3[_83I#^,F#?N'Z-S8W*;_`)@]W_R_^6S/CN__
M`(0XQ^2^/B49\[1<T,GTA^NVF/VNUE_7ABSXOF+X([R=FGSP^F[F^*.">^CS
M2]8C.''41@5C@?BC>3C@`.(YOZ5&0:$)I(QZJ<L8RC-:$6(1?Z11_`(0-ZWO
M7KOTW^3US8FAY5]]>(Z+1\0TG#<=VESXK,EDSFQ16R^V+K9I-U8K$QLG;'2^
M/U7?ONSH]3J-'J-==&?%DNLNCV>2:76S-LQ6+:328G;#Y_\`-$<I_P#IMZ3_
M`/I5/_K#SROX/]_/LO']-B]=^'\1.Z?VA?\`19/5;O.)>NX3W+SQ%.C*_C$K
MA\:E3M+F8B/S4+,%_1JX?)W2,+A*-L+J\-HR%*EL$85L!V]_`/6A:UO6:]XA
MH-3PO7:OAVMLBW5X,DV7Q$Q,1=;-)BL5B=O3#Z_2:K!KM+I]9IK^MI\MD76S
M28K$Q6-D[8_E2RSPWD-2?:_2GB8YVZ"BQW9QD$9NACH5$IQ&'ESH^U;%DI<+
M;)3*D,-<M2.OJ[ER!(2WREA=?E4YZD!Y1A9@]%Z`8$0_8\/X/Q;BWMOU5PK4
MZGV=.M[+%?DZO6KU>MU+9I6DTK2M)INEXFKXCH.'QC_OVOPX(OKU?:9++.M2
ME:=:8K2L5INK'E1JA7E(\!E<2AHFT`F5?0V7L$7;H8R26-<D]$,[TTQIIC#-
M"6QL;W!#11*E(%##(Z@:"S0"T>%K1$I?C]@L!>O8_<_O;^ZW$O\`#9O4>']X
MN`?;VB^GQ>NE%QQV)XH^AKS)C_'SE`G2]F6G@L:94T<_V=6K^DIN#GQIG+CZ
M253>KX>@&QLNS&H@"$M8(X1"<C02Q%)@^UZ_7\%XQPF,5W%.$ZG36WUBV<N*
M_'UJ4KU>O;%:5BM-U8>7I.)</U_M(T/$,&>;:=;V>2R^E=U>K,TK2:5;7\]:
M\Q__T[_&`P&`P/R+5Z%M(^9<5J1`F]TDCYA:I)2D>\H,"2G)]T\99?NGG#T`
M`?7U$+>M:]=[P/C])-VS3R-+T6SDJE.B4D_-$>ZG6*BB5"5(>7[GQE*5)"@L
M998M:&,`P[UK>A:]0B'Y%_N^.[?X-NGOW)3C"QOCYTEJY_5[`_L9%_J1#@G?
M+RV.L/[5G4?\2=]?O8EV=M<K_`?=WW=_Q<CF/OWXLXS^/9\.Q@+/O7R2[3^%
MW_LI])?Q)A_=/7F<;<X/'G%/=X?A6.D>7?A/A_X^7XERS=FL7VZFM^*:_6CQ
MA]@;P_K#5^;QY$>(^,=B_.XVK^:OU)P[M4?#O54<ZF:';9_!7][#R'_G]Z?[
MKMX9I;GKX2X=^TL?P=0V9RJ\0:[L5_Q<+T<,Y1;\1=[:N.6<]<B=(7C`R691
M-*IIR=3B+DR%&I<6,;Y'V)6N;OI1"D7-JE6C"I*#L98#RMCUKT^+6L_3#C]K
MFQ8JTZUT17YYHQONZEE]]*TB9_FBJE[_`,R/Y'O_`'/FS_1/*?\`6AG2'\`]
M)^\V3Z"W^T:8_BUF^PK/I9]0_P"9'\CW_N?-G^B>4_ZT,?P#TG[S9/H+?[0_
MBUF^PK/I9]1=AY*M&1WARIS+=,Q):T\NM_GRF+1E1#&E/1,A$CG]<1N6/A+.
MC5*UZI(UEN;L:%.48>>863H(1&#WK8M\UMU3LF82#PCS,O+']Y/V=^VQY^JV
M?.P.3'@C!VG+YX<[<R_%&7W&/S2UZYM=\`N&?A8?Z)=K?:>BOJ>T<Y(YW>,\
M78L7I9'0G+#PU?VG)Z-BV7FGVQ%6/\4G^I+DO]KL\_J.1FU^3'C?!V;+YH?`
M\RO"^;WV/SRIB9V`YU3<\:GWA7%/\35/_P!<FS-8\X?`?$_>X?BV/N>7/BO1
M>[R_#N>GWG&SH]&CM'^QUUC_``T7M^ZV586-\/*\*_Q9?_8!_P!W6?T/T?Z'
MI?=V^C#CS4_I.H_'N\\OGGD/Q>ECX?/NR^-_V1(OKMZS^?/&/K?BG:<OIW.O
M.'_5^@]S9Z,-DV>N>8\[_P`_7WI5\_9BE?W0P_.IN0_AWC';?S6-HGFM]<<-
M[-^<O::,WBU:M`?A=/[1O4G[$X=_7HW.8N?7UOP#LU_IMX\J/J[BWO[?175\
MT*VNK@?B??["=(?QDP;]P_1N;&Y3?\P>[_Y?_+9GQW?_`,(<8_)?'Q*,^=HN
M:&3Z0_7;3'[7:R_KPQ9\7S%\$=Y.S3YX?3=S?%'!/?1YI>L1G#CJ(P/(9:__
M`+L;O\P2?_9R\[T[G>$>ZW[-TWP;'*/>3Q%Q_MN?XMS]^?1O2O0D_#U_==U!
M]OKR_>W+,X3[]>,N\_;<OIRZJ[K^&^!=EQ^C#=GGRCWRB5^)N^\'J_\`@VK'
M]]O2&=%\@/\`];_Y7_W+3G-O=W>^?/\`F5=W.C&FF_/\-Q]X\L_ALMC^M-7Y
MSYS\_1.[/O,_HXVW^4O_`'W'?Q,7GO7Y,YK;I?_4O\8#`8#`UO>1.BIC=#-5
M1S%0[?TS'HP=<3<_U$X/%?MA87VPZ9EL(@5C[*M"0Q6)J4L&D;GHI6:4MT](
M$3F<K;2%2@GY<98GY4(5/`W37-LDCUE\N1QGLBRT#=!GZQ%MI.<2=&2R[N41
M:]E[S8:5,EEU2O:U##IW8BU%\[*G-Z<T;+.UHFA(9J-,*(,95B=[=M;530J[
MZ]F=6V(D=G.$S^(2J"2QH:Y-)(S]+Q>:,BN.R)M4J8VZM2DP"UI7&E:V(6]E
M_'O8/AWO>\K#<B,F\<52HTY"1)>W>R5(E)*3)4J;R"=@D)TR<@`2B""""KA"
M62226'00A#K00AUK6M>F2C+K?)"+3M^']\9S^[.C\^UI:+T^/CDO>GMY=N@[
MH<79X>'56<O='9T<5DT.6.#DY+E!AR@\X8S3C1B&,6Q"WO?O-+WE[QZ'3X]+
MHN\&NPZ6R/P;+,^6RRVLUFEMM\1&V9G9&^:O5Y^#<&U6:_4:K@^ER9[M]UV+
M'==.RFV9MF9V;-L[F**[\)'ACMQ.[JJN:55@E1YT5L<B##^G;(?SXZ^-ZDY&
MN99`D;9TH5,;NB5)QEFI58"3RQ@WH0=;UG[_`'P[V_O5Q+_$YO7?E]W>[_V!
MHOH,7JI:5=X?N2*/:7)AI61=75`QO+E]-/#-5W9G3=?M+J\?*)T'TLY-T3LU
MI1KG+Y%&43[YH!F^T4`'Q?"$.M>FUFMUO$=1=JN(:S+GU5T16_)?=??-(I%;
MKIF9I&R-NR-CV6FT^FT>&W3Z338\6"*TMLMBVV*S6:1;$1%9VSLWLG?W=56_
M^/W?G_\`T)[%_P!<>>+1^_6^2&&K3\+W%-Z*F5==I_2]Q+8VG7)(ZLM/KKHZ
MP53"E<S$ISDF95$ML=W-:T[@:A($>`C983A$@V/6]@#Z>?H.)\2X5DOS<,XC
MGTV:ZWJS=BR7XYF*UI,V3$S%8B:3LK#Q=7H]%K[+<6NT6'-CB:Q&2RV^(G=6
M(NB8B:32J(]H>&WP@4D-*5<*EOJ]0N)2*D22>]93J*KEB-:[I6%.N2(7FPD:
MQ0WB>%A2<2@`-DEF"]!B#Z;WKVGWP[V_O5Q+_$YO7>!]W>[\[N`:+Z#%ZJ1\
M%\$OCTJZ6,\]K.+7=74ZCPEXV":07IJ^(C+&,3HUKF-S$SR./SQO>&T3BRNB
ME&?LDX'O)5!I0_4LP8=^%K^/<<XIAMT_$^-:O4X+;NM%N7-DR6Q=$3$71%]T
MQ$Q$S%:5I,QTR\G2<+X7H,EV;0\,TV'+-O5F['CLLF8K$TF;8B:5B)INK$>1
M(P7CEJ,\(B%]X=XN:$X.REK:O\@W9!J%P2&:^!2A6E%W.488D5D[V68$(@[V
M`6]:WK^7/4T>PZWR0XI_\5G&,K9'2-2E@O\`DL<?$*AL>V!_[=[?>61X;59>
MRE3>Z-3CT4I0N"%24+83"CBQEC#OTWK>LL5B8F)I,),UB8FE$6Y[X2O#%5D1
M>I_9-!M<%@\;)(52*72KI;I5DCC"C4+$R`M<]/"^[B$#6WA5*RPF*#Q@)*T+
MXAB"'6Q:]U]Y.\7V_K?I\OK/6_J;A'V3I?HL?JN6CW@M\/,N9&V2Q3G5#)XX
M\I@+6>01[I;I-Z9'5&9O>@*VUU;;Q4H%R8>P[UHPHP8-^G\N/O)WB^W];]/E
M]8_4W"/LG2_18_5229?%EQO&V9ICL=9>A&"/L#8@96)B9>X>X6IF969J2E(6
MQI:6Q#T60B;FQN1$`)(()``HDH`0`#H.M:STE'L^M+D_[LSE#_)]+_[>'=G_
M`!(8H=:6#)#X+?%U+GQSDTKYTDDGDCVJ$N>9!(>E>KGI\=UHPA`-8YNSE>*E
M>O5#``.MF&F#'O6M:]?R9[/2\8XOHL48-%Q74X<%9GJV9;[+:SOFEMT16>EX
M6?A_#]5D]KJ=!@R9:4K=CLNFD?+,3+!2#Q$^"9UL@JGFNN*]<[6.3R%2773=
MUS?JZ9[+B2W;=)PBCJ6^S70M0P+@#+5DB+T:0(HWXPZ]HSX?(^\G>+[?UOT^
M7UGX_J;A'V3I?HL?JI2P#PW^/FJ"W0FK:LM2M2GPQ(:]%0#KOLB'%O!J`*@"
M$QT!';^;@N!B("HW16S=#V7HP>@^GQ;]?6ZK6:O79?;ZW59<V:E.M?==?=2-
MT5NF9I%9V/,P8,&EQ^RTN"S'BK6EMMML5\M(B(JR'_=F<H?Y/I?_`&\.[/\`
MB0SQJ/WZTN@S[PZ^/ZU4K<AM"LK8LA$T*3EC2CGW7W94P2M:M05H@]4W)Y#?
M[B4B4GD:^`8RM!$('Y-[WK/)TNKU6BRQGT6JR8<])CK677674G?%;9B:3TOQ
MSX<.JQSBU."S)BK6EUL716/DF)A%NU/$#X+Z,;B':YJQ@=5MZM(O7HE-@=:]
M`1/2]$U+&5N=%;<6]WRC-<$[:OD;>2H&2$>B35R<(_AV<7H7LOO)WB^W];]/
ME]9X7ZFX1.[A.F^BQ^JR]$O!QXI$*B.3F"<_.:-60)LDL1F$2Z<ZD3J"1;"4
MX,T@CD@9KS`:6+8!`/3*TQVM^FPC`+^3>>/J>,\8UN&[3ZSBVIRX)I6V_+DN
MMFFV*Q==,;)VQL?K@X=P_39(S:;A^#'EC==;CLMF*[)VQ$3M2$_NS.4/\GTO
M_MX=V?\`$AGK*/.ZTOPNGBXX]>VUQ97IJZ)=V=W0JVMV:73N3N1>VN;:O3F)
M%S<XH5?1AJ5:A6I31EG$F`$686+81:WK>]8H=:4;7SP3>'Z+LCQ)))S>ECL<
MCK4X/C^_OG272K0R,3(T)#E[J\/#JON].@;&IL0)S#E"@XP!))(!#&((0[WK
MW4=X^\-L1$<>UL6Q_O\`+ZSUD\'X1,S,\*TTS/\`NL?JND5KX<?![<J>1*ZD
MJ2'V8DB,@4Q63JX)U9T-*DK%(T98#%3*YJ&6]EI*1P(`9K8BQ"UO^77\NM^E
M^\G>+[?UOT^7UC]3<(^R=+]%C]5+N-^*;BR&L39%XA&[[BD994VD;/'8WVUV
MZQL32D"(0PI6QH:^B4K>@3:&,6]`*+`'UWO?I^7/37777W77WW3-\S69F:S,
MSOF9Z9E[&W\&V+;8B+8BD1$12(<Y_=F<H?Y/I?\`V\.[/^)#,:,NM+#,O\'_
M`(R[!?U<KGU!S&<2AP+2E+Y)+^H.M9*_K2D*8M&B+5O#U>BUQ4EHTA("BM#,
M%HLL&@A]`ZUK/8:3BO%.'V78]!Q+48,=TUF,>2^R)G=68MF(F:;*O#U&AT6K
MNMOU>BPY;XBD3?9;=,1Y(F8G8P<P>''P?2J>2NK([442>+-@HR@3&NT/5/1)
MTYC0%"1&O3*GB*:O73ZB;U2-P),*4C(TG-T9KX![WZ^GE_>3O%]OZWZ?+ZS\
M/U-PC[)TOT6/U4AX%X7?'/5:U>Y5A3MCUPXNJ4I"Z+X%UCV!#UKDB)-VH)1K
MU4>OIN/6)2C]_&$LP0@!'^76O7\N>!J]?K^(767Z_6YL]]L4B<E]U\Q'DB;I
MFD?,\K3Z72Z2VZW2:;'BMF:S%EMML3/RTB*LH?W9G*'^3Z7_`-O#NS_B0SPZ
M/)ZTNDSOQ`\%6FTI6"SJ\N&QF)"YE/2%EG?8O9\O:4;R0D6MY#LE;I!T$X(T
M[F2@<E)`#P`T:$E08#0OA&+6_P!]/J-1H\UFHTFHOQ:BVM+K+IMNBL3$TNMF
M)BL3,32=L3,/RS8L6HQW8=1BLR8;M]MUL71-)K%8F)B:3$3\\(SV1X9?"/3K
M*5([9IZ)5HQ*!N)21VG75?0L50KE#0PNTI<TC>>]WNB`X+4$:8%S@:23[AH$
M:,\[8?;*&(/M/O)WB^W];]/E]9X/ZFX1]DZ7Z+'ZKMD,\'OA_E++%[`@'/Q3
MZP/B!GED-F,5Z8Z:7-KFW+"D[JQ2&//C7>)A"A,>4,I0E4D&;UO6PC`+^3>?
MEFX[QO4XK\&HXSJ\F"Z*3;=FR76S'DF)NF)CYV>+A?#,&2W+AX;I[,ML[)MQ
MV1,3\DQ;6$HO[LSE#_)]+_[>'=G_`!(9ZFCV'6D_NS.4/\GTO_MX=V?\2&*'
M6E&P_P`"/B/0)3E*GET:)$B3F'J%!_0W3B=*D2IR]F&G'&F76`HA.04#8A"%
MO00AUZ[]-:SV^+C_`![#CQX</&]99ALMBVVVW-DB+8B*1$1%U(B(V1$;(AZZ
M_A7"\M]^3)PS3W9+IF9F<5DS,SMF9F;:S,SMF9WL6UOXA?!3<;@_M-25O7MG
MN450QATD:.O^NK[F![*U39I"^PYU<`,%^+_EVN4LPOF6]3O_``"PG0A%"%H(
MO3]/O)WB^W];]/E]9C^IN$1_]3IOHL?JI>0WQ)\-UTPIHK7T+NZ"QA&<K4(X
MW#>T.UHPPI5"]28L7'IF=DZ%0MY!RU6<,TT02]",,%L0M[%O>\]3ERY=1ER9
M\^6Z_-?,S===,S=,SOF9FLS,],R]ACMLQ668L5EMN.V*1$1$1$1T1$;(AVG^
M[,Y0_P`GTO\`[>'=G_$AGY49]:4=+Y\2_B:(;%EO=/0Y82SQIL;F5?:%\]H]
M0%MC`S&.I^FAI636PNAM)6IL&^/AFDQ`U)96U:P7P!]PW?Q>=H^)<1X=[3^X
M:_/@Z].M[/)=9UJ5I7JS%:5FE=U9IO>+J-'I-9U/[WI,67JUIU[+;J5I6E8F
ME:16F^D,=PGPT>$&RX+JT*XJ>#6!6FRG8_5B0GK>^Y7!=DL!J@A].U+6*_5[
M!LIE/1G`5B^8]$PBAZ,^'81>GF_>3O%]OZWZ?+ZSQOU-PC[)TOT6/U7/\_\`
MB]\-SS(I0]\N,R)?*H:2@8I:]T3VUTP8^,".6($SZVM[L[0/H?YQ*VR-$F`>
M2$9GL*]IA?#\0B!Z!X6LXGQ+B$61K^(9\\65ZOM,E]]*[Z=:9I6D5IY'DZ?1
M:31S=.DT>+%-V_J66VUINK2(K1+#^[,Y0_R?2_\`MX=V?\2&>#1Y76E__]6_
MQ@,!@,!@,!@,!@5XN'@T7>_63OJQ6MFFO6L.!)YX?TO#+NZ,F3J^-55V9`E2
M6%Q9MFM51RMJ_JI9'K'8].;$QR%8F5)%Y)(@+R%>UFHSG=\BP[E8&`P*Y'F&
M$J4W_6);3`7.4)76IY=$'8R/LUYS0RPY(K@'0+?&JH6BJ*2M<7IAY-33-5'$
M\HDJ52%,WV>M<"`@*9%)Y$EG;N6-\K`P&!"[R&2:>1'C^VWJLWUQC$R]RNV=
MOD30@D;NZ,J"2VI!XW(W%O9(8\,4YD*M+&G98(#;'U(9"Y"U\LU@.<#4Q)A8
MWPU_>*FOY-6EQ71'4M+DQFL3XX-=%KQC52=7T8QW:5],1T1$QGL1ZEL6TI%*
M+.>Y*KDB4*\UU&[IF]B^<.]YJ?614?(6[H\K>EE8F!^)Q"X";UX6@U$0ZB1*
M@MA[B0>J;R7#9`](C5Z5,I1J5*(M3\.S2RSBAC!K>@C#O>A:"MMR$I0D>2<:
M-2C6NR]3='0HY(_1R"SF*58&T"EW8;6]KHTIF?3,\<B&\%J1JY=-"#<>TE,5
M/$@5E@`6-*H)C.=RRME8&`P-"WEZ6/;78M%*W-0G<]',-A%54Q0V"31YFR=8
MHDU(,[TNDC@3T=44-=@I+<>($OC2<;>K4IGY$E.^`PLLX(Y+*WI;?N:S&`WG
M.@38H@`U1<VE*K,C;86HTK+;F`<%8A,Z`M7IU?=*@(V[99>C/G5GQZ#Z^^;Z
M^X*I.^6:\(8$.N_"#U'(=[A4+XBAB`*XF)ME_G=&I=*0+*Y+C#QN3((V@A,Z
MKI\23%2#VOHU5IT)*3GZ^(?P_D,++&^$(_#P>WC9^A4PVI[121#)(0D<U\F9
M36!\<F]*5,T(AB0'71<IJA(*P$<E4J5@CT8U<@5NHA!,'H7MR%NZ&Z'*Q,!@
M5OW.NF?ION.S(5U=:M`NLUA]XK()6\,<IA?:2P8!`7FI(H[MIO.$3^G8K7+'
M/'58\_,:EP27)T;'$E1[)GJ5[&XSK2-BQTF("E3D)@F'&A3DE$!-4G&*5!@2
M@!+T8>H.$,T\X>@^HQBWL0A>N][]=Y6#[L!@:C?+8V,JF&\].DD8EQ,>9;C.
M5/EEI*WZ!MU#7Z$B*NCJC;Y17W.Q>I6]Q&?2)H0-JO:LSY`)OL`&4;[OJ7)9
M6]*=_*,7:89S=2L:9-JS&YMK]@^!4X12P8*Y.2E8FTX.+RZ0^V/_`.RHZZO;
MBJ-5JDKWK3D4></1VM"]=:J3OE(/"&!T"UM)!UC8*=<QII0G70V2-NXJL>0Q
MU/*S71I5MR:*B?1&D?1(Y,I5`0@/T,(BQJ-;#_.UK`TE^%@QY5O%VF/45D*=
M6TQ6%,ZZ2O\`#K[KX3?(%EC7/)'Z%::[\?'QVFSP4-Z(<%S^W&`3:`>F2"+3
ME%)4Q,AE<WYY6)@0_P"RJDL.YZ^9XS`U468ES#)HQ8+%,7>P5M>2"+65"9S"
MW."JF!U!5-M-@42MO$\EK!'MY@S#=)4@23"5B@U,6)HZRRM$X2<.6&TVXZ,W
M1$G>JQMY(:E0VFB?VFU4KZTR1.R0A%9K-7E/$$_G(E/+:@J4[.E,1C-_FF'#
M![HATH*^%_;BK,Z)<G6/O8G$DJ',#G8+U"+UK0^1NZ2\.N),Z,(XA?KL^RE:
MZ"53'<X<GLA6,A4Y6$>V[+3F-`DQ,A;NAO0RL7__UK_&`P&`P&`P&`P&!H#\
M7L>KUPZ>LI_]Y=&+9@\+M",2RBD%<7JT0FH%3S:453F#:IY8=Z6/$7E6Y,$5
M:V]N`!E9EQT=;4A"-,UMS9]%E1E.YO\`,K$P&!6N\P)%:U_=QTG<(S3*1_>>
M?7B40I4>VU$EE*R[6U=*U),RM*-OE%6K,KGAR2'PE.%,T[,+T:E:7(D@HT0S
M#4DEG;N6)8,[RE^BC.[S6'_F#*%I)PW>(?G`W2KZ%.`K4$DD?3[242W.7OI2
MRSOB*#K0?<^#?Y0[RL';,!@0K\B366\\:78@5-#"]-8FZ)*G]/(G,AJ1(8LW
M6#$G&5R)`>JG%:I%<GB<;2JG1E0G/S82Y/"-*D,.T`X6A%C?"/WAVE,VE_(2
M9VG1R=8Y_G<@)^D_TACL5T<7;=2U2KL3;TM%9EJ`8Q-5O*I$W-B(#@F]]@1-
MZ\2-,8N&'<A;M[:KE8F!^)Q2#7MZ]`4N6MABU$J2%N3<).%P;QJ2!D@7(!*T
MRQ(%:D$/W"MFDFEZ&'7Q`%KU#L-$_/\`%EJ7R*I7U\C4R4V<V6=U9&)AN3T-
M'V9'&Z>+1K`4U9;+TFFY\C++/%5J)6HMP=V!HE9KD4=)$85!6@LKG\U&4[OD
M;Y<K$P&!H,\K4YK$N]*FJJPK`CT@C4BJ6YI7/:>D;[1+*N:T3<^4.AACHQJK
MLHFVHNJCSVK)=1+F4[X'-U7EIE2(6R6Q23DEG;NENQJ-:SN=4UBY1Y,I1L#A
M7L+6L:1:V_0ZQ*SJXVVGMB96T:98WIJ4D(C`!,3?1R#V!ZV#Y8CX?:#6$LA8
M#`BOVRA?E'*]ZN<:GB&O7B,U39<D1N[^?&4\'7FM]?2@HIDL4Z6-+NTDP58<
MJ"-<8(`/:V2`P>S"0&ISBQOA$WQ4J*U4PBY%,`95,><':<L$EFJ!V45!^<*Q
M_D452KP/STCJRCJ(5_,N23X2Q*GEM4K#CTQI/O`,3'D%2%NZ&UK*Q,!@5_Y"
MW3]3Y40S5/*;3*IYLZ#B==NEE&)I"*,-5DGTC'7QMYL;VC=\%*0QMR;%XE)C
ML3`PQKW)"J`<<:Y:"LR=+/\`U5@#*P,!@:6?*W8[6R2J@8RH8XLX2IC?'&=5
MZFL6-M]F5K*53G$+%B$T026LW1LTWF.<18S$JIM=!N:%04:Y&%D>X7\T4;)9
M6]+8%Q(T-##R+SFS,/TMIH;JDAJ9"![3C1.!1(6DC?L;;1-;(!H1$#WL"5$4
MC3$(DH2R"2PE%@UE2=\I280P(F=S%JC^6+32H6MP=5J\$-;486=GT_OS2J<K
M"B:!/*HTS;IN_P#3A*86:HT[M9?YJK_5P0D[]]M]/I-&6-[7-X@8DZ1^0W"J
M>X<YQIR!!JPCWSI[>RL+>ZD,RZ7&>Z6SQWQQ<&)%+GL]:,9Z]:KE[H>`18#C
M2`EA&?(6YO,RL3`U3>8@!BCDL*5<E2%1/])4"<9+)/SW!&'Z-!:7U,M;ED6C
MHZ=O`4_?C#`&"3HB6)6L1&E`7I2Q*$I0RI+*W>CQ&($4Q^)R>0R()&X*B0V5
M925$BJP/YZF5\M<[K=4AK?'V=9R7886QUC92?:54`NO-+BPC.7%N"=R-T]A=
M!_K5=W\0<:<&91T$X.\+<(FYJVFDV89YS>QL+>[I&(=M')Q)H_%O'=X_V$#@
ME4/1^U*\:>6N:P!Q):E2D+2I0J4%W0W4Y6+_U[_&`P&`P&`P&`P.FV+('N)P
M*92B-M#2_OL<C+T^-;*^NLA8V=T5M3>>N`B<7:)0JR)0A2G^QL(AMT?>5OY?
M0E&H,V$L0:,/&0D7O729+D%C&"M(;2]X%4>N2M]NM;M&XO/+CK)_=&&TWJ:\
M*<W-L_E+[[:<U"H43.0K2`-BHPU.XJC53P5(9W;E@'*P,!@5DO)E)PVA=]N#
M+&N'"8Q`I#30Y/"JVO-RF<7;ZXKZ72GI*Q52:&]0TC&+%A%+0NXSFMU.TWKG
M#V96L86U*K^?=-'R6=NY9MRL#`8&L7RAW%7\#I]/7MFNOYL1BP(Y8D]0RY'-
MX1!I&VSKFAM9+ZKEBB2^QX38<+4R.7S2((T2<"QG<OAWOU+2J!^@,+#(?CVL
ME#8]9VAMHLIQMYBAETN$29;#<E-'JQR!&;6%5S%0%.?SY4=,5X-.T.LO4(=_
M`U'+/=2C]Y2/^:20@NWI[X0P&!7&Y.L2),?DZF=:Q>'0K6I)T)UJZ+G^3Q?G
MDFYT#B]3/IYPD)R20L+8Y7ZKC2J:U6[B1:=U*8M)%W5F^,TM"X,Z(^=+.8_!
MJL<Y6!@,#35Y=JZM26LU5RJO5$D/8H5$KL.GD?9)K$(6D>4`%-23EA^D54GZ
M0Y[4J4^WRN`(5Y:(;D8HC;B[H_<;S%A)QLEE;TMF?/"\EUH"C'-/)'R9)W*G
M:R7D2^3@$7)962LA3(H*DDA+&>J&6^/@#-*E8=FF;TH-'K8A?R[J3OEF+"&!
M$3O<2POC;I`U,?79*0JHYN8^`M-@G4EAJN.A85WTTWK6RLWACGOSR]#\12(]
MI.$O3*QEFD%&F@`6(L;X0I\0I3*E9NA4:;<N5/Y4QC)KLZ3R,6@P298A/%,=
M)DI2NX+NN.8.D>:9,4])RM`TUH"7(+AO6E2TQ<=J0MW0W(Y6)@,"N#.JMI.[
M/)_-V28U_P`QS21I+_B<?G**V(_Q0JCLAJQ/S[&'/\U%U:V!7FNN)[>"M[?T
MYS2^HAN,>^4+`44ZEITZILU.EGNM6.$R9.C3D)$A!*5(E)*3)4J8H!"=,G(`
M$H@@@@H(2R222PZ"$(=:"$.M:UKTRL'W8#`U1^4R-O\`-VGG&#1&<RJ*RR2V
MA+?H!I:)4[5]&9(L8:NE<DT"93UFMRFES2A1B:0E%HBW!Q-<0+#M`;A[*VN;
MY+*WI2:\?QQ"CBOFDU,[*WLD54QP);BO)-+7#T6287M*M4G/LH->E;<(.TQC
MH)S<=NPRMK?FE'O^Z.I.^4PL(8$;NO(4^V+SE9\+BY4-%(W]L:$K$IGTU1UW
M&F=V*DS(K020R:+ZEO-*P/,64IPN34;N+.8ANJ5,6#:48PK4Y8WPU\^,RJFJ
MB;=NJJ7IFBJ2T$%/TA)'1YK.V*XM6O'J'N;_`&FQ-9YRJ$<K<HN['-]R&,N`
MU93JUNXE"(Q,(E>+8#BPR%N;E\K$P-<WE30K%_'LJ)11>*RHS<TKDK:243_]
M&)R4Q=+&]K1&1*9ZM*F-M,T=7->0UH-_G$C"+;@/0B'`/Q-RM*V[T6>9=/CK
MXCY.Y15MHBPWGV;U=VJ>S66)W>MW)8TS*7%J;ZFSU-GCI;;@YQ5:@.=AI7)<
MX#.);RB1A;0B^423H6?ZSAO#6JK]/+NG8W5S*TQV*,T*YL.=FLHV5O[\?9>W
M7HF,V.[N<UF?/U$/"IL4/$1+1IF(L#BC8UB!<846W"7F(PH+NAO8RL7_T+_&
M`P&`P&`P&`P&!7U\54$3M/1]I.CK*I8EFJ<%\/K[#W>DYM%7UV52*<U#6+VZ
MVI>3K*'2'7$[-3C0A)C6<C:VE8H7.+TI&2B^$YK22&=VY8*RL#`8&I?IN+</
MP[H"3MUY<U7DZ+;TK(M=(K.JBK^L[.A$\^?ED702VI)"R<Z,<H;T2Z6HJKCB
MB2(#TA:25M"0A*\`5)_@)/C**TV2VT96)@,#B79@8G\LDE]96EZ*3C$804[-
MR-Q+(,$'X1&$@6$G!+&(/Y-[UK6]ZP/M:V=H8TVT3*UMS0CV:(_:1K0IF]-L
MX>@A&=LA(425LT80!UL7IZ[UK7_5@<C@,#AI&_-\6CS])W<SV6J.,SH_.9WQ
MD%^TWM"$]P6F>XI.3I@?`F3BWZF&`!KT]1"#KUWH-,G)WZ4WSM"7RJ21"W9O
M%7"P+K>XW=SST#U(MA;!7]A`=+$K*`CHTZ2KN7V](R0>4,S>VB2)"M&HP(W$
MOW5AFE1T93N;M,K$P&!HS\K<37$673S^C5W78QLPKV[65LI.KD<[E[^V2AH_
M1.7';7C\7@/,_1CFU0.)C<#TTL/&E3Z/6N[/L(50@?+"DLK6XBH4C^@J>KT,
ML7E.LI15W"DDE="6AWCY+D_IHTV$O*\IAD"-N?F0I8X@,,"C6IR%:;0O;.+`
M8$0=5BR)@,#79Y1["C5<<E2ASEW5#=R*POKV@A[A8+S1D3Z,9)<CDC2_(E]4
MO=43.,RMG?V><MOO`4[$F#[1)`MF#TGV<`:5MW[D:/"@\1F0U+=C_'UT(>5#
MO:*9<Z22'3#C.0#EABEF]\B4O,7Y"JJL?T7JWP9IIVF"7[='M,+8QA/"`P>A
M2%NZ&ZK*Q,!@:;^(X!V%5MJOQM_4;:LT;+"8*O5O=FSVZJ4L8,*N=M=[9_2_
M-8HD,L!=+HS5LJCSE$"6=A:4N@-YS<K]M$F`/6AQE,Q,;VY#*Q,!@:E?*HW)
M3XQ4J)\9'E]ADUGA3)+UJNLK[O\`A<'+BL2G<@C[XII*@TZB3JW.0N[C]'F/
M'Y"TV@IP&@,UHO94EE;TI_\`-PB-T#3NDJX;DE+KJ*$I%ID1G,!$H2$-"8E*
M+4(LW0;!B8`D%A"%O>-:<$H=:+.UH0=Y4G?+->$,#K,PA<.L...,/G\3C,YB
M3Q\I]+1:8,+7)HXZ?1ZY*Z(/I%D>DJUL6_).:(E03[I0O;/)`8'T&`.]!P->
MU#4]1I7)#5-85W6*)Y4$*W='7L*C4+2NJI*6,E,I<D\;;&TI<H3E&""`9NA"
M`$6]:WK6]X&1,!@:Z?*7"Y//N2'^-PRKWZTY2KFD'"R-\:-L#3K&5Q[O\B"6
M:2U<$<Y6MR8*S:%=\D'X4J%><K4"+3)SC0)6W>C_`,KQF[7OQMR%ACE4,9EB
M6!/+>1.\-ED+F4#9YS"I?83VTNREPB%S/,2E+$F6P13I&%,IV@))*2Z*1%&)
M0ISCHLTKO9$\:G,5Q<]+[T<[@B2&.+IT56R=B5)YE*IBH6)8^X6B^OJ8Q1*;
MMN10E"?*YZN>U1@1HCG)\?W)>J&L5*C30"9K1M2RL7__T;_&`P&`P&`P&`P&
M!7V\<+19)?6VDLGJ6XX?6E:UET5!JA9Y_&M-!5-IY#:=13N3QE=+M\^U4Y60
MW2,+N@:VY8XR"0&?3$5?!HS'5+ZO.XSG=O6"<K`P&!7"\Q++5TEZ8JAFE4]K
MJNY#NAY&)<\W9-^?:_BRF&R0VRZU5)Z>E=X2)B,8;80IY\YKE2E`!:!,H2Q]
M>:G-,;R=:DL[:T6/<K`P&`P&`P&!U.>Q-//8+-(,K5G($DTB<CB:I>F``U0B
M3R)G6,YRL@LWT+,.3%K-C"$7\W8@ZUO\F!#SEWD.RN;)))%YO2KG8D3FCRQ2
M*6P]SJ>&1[;F]12D:RH2,*4LA:5AKBV$ML+J!B$846$05*HDX8MZ]X6M%F:]
M"=^$,!@:\^L>.[9Z/LB%3B/7/7M<):W8Y*S04\F)=?L-D,I<\W&#)^F5V1S+
MY!^4RWYCDBB%-0P(5C0;I)\GKX3!;&,0BQ-$\XXVJF:/,+.M6_2:UJ9FMM5N
M/QNYGT@J0H2$JA;\<@>Y,_#^:-*V9ZKG)P6;^+_#*3S/B-&1S.`P&`P&`P&`
MP&`P&!JK\J4\@T7A5'Q:=**19D%A6<\-".4]&L='+Z?8E#3`)*]'%2![O=.N
MC4<<W=&F,(0C3)S%2H?QD>H0"%\4EE;&]+CBZ(QR!<G\^0Z(29DF47CU611N
M8)/&9%'Y9&'EK+;BQ(U49D44)3QITC>BAZ`WC0`TE"C"6$OU"'6]U)WRDYA#
M`8#`8#`@AY&+?DM%<XCLF%SQV@,Q9+(K?4:4-T(9K!0RAP.D9&CH-)XY(K4I
M-F-B<I;`J"%QQDH:CR2_0201ZWY9*>E;=LL6A&K[LX#M(BPD`[.GB3]-#*UH
M:G#).:C7>RZQ<)2S1%)#G2,7[<RQD`ZKT1!&U0I<O1K251A+BC(")8V%1=TN
M!\8;-8\>U;S1+#KSDT6)CU,*(]8-W,G<]>+5<I4)[$!.ZVCU4=Q73;[^V(:W
M`0U'#DL:TTM$@`]DI!EJ3672@2"YM?RL7__2O\8#`8#`8#`8#`C=V&5(3^5>
MA4T2@#9:<I55#.TD<KUZA*6R6F5O:I@6IVMJ<J\7)%R*<HAK#0#,:#2AEN`0
M;(%Z:'O>BQOAK>X4I*%U+UPJ=ZGJ^V]L,\Y^M!=;]O7CQ/67.,J(LYNLJCU$
M8:8W8,'YVHQT?$5M)'R2.KTRJ3G5,%5&42DD*<0![.BS.S>W996)@,#2-Y,Q
M2^`VLBMVJI9/V.S144GA[?%:\:^FC'BSS4<UD[G#((2[4_6TRKU([/DL>?DF
MX3TK2')U*W8C!%)3-FBDLK?(W<Y6)@,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@
M,!@,#4_Y1%DF+5<GMT!43EBL%RMN=?F[-ZRCEISB<1-&AIR:JW[9$#IXQ#+Y
M)''U&`"-<(2LM"C.,3&G%&BT4(J2RMZ6P&@-2$-)57J6.K^^2;4&CVGUXE3!
M)8K)'-STWD_-K7R-S(Y3*V-S4&^HCDSB8-64/>PF;V+6\K&67\!@,!@,!@:H
M_+98+K'J4@5<F-L+6P&X[*C<5LS4ND2UG$[Q=#((\X*(0U)"*+O-$8;+R-G:
M,7J$2?3?\H#0?<VHV(B2RM=PY;?T$5\=DB<ZG^B*@25_"+U+@CA+W1RD4(@R
MV(G2\QND2A>JJ"K35D"9WA)M8/2>+@(^3+'HK2K7H,RI._:QSXP;UO"YI+T:
M5<=M+K!U'@UXJ:(N]QL;"[0%S<YG?3`[H4JD%'4FWO;64P0ID8W8]*2N3E6%
M')406%`64!"3(6Z(BE&W+*Q?_]._Q@,!@,!@,!@,!@:9/'AV39ELVP\TS.+1
M263$T"&YQ5T[NU%MD)L]]15Z]TH_)7N;3..=:W"F^CD4-OIK0IR7"$1Y>M/*
MWI<H2.:12A5QE,=+<WE8F`P*Y7EU:*@F?3T.A$[GU101X5<U+%YJF_K]IFD(
M0L;'606C!&0^$++-KJ<KUTTC:F7.;P8428E3:=F^..7P'G,@0ADL[:TV+&N5
M@8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`U+>62.LTIA_.C/)D<J51TVZ
M792<;4!5/./1R%Y151/U3.LI5AO15J!NIFBRE()"(*1P<TK&,XQ.467I2I(D
MLK>E,?B5>[NO(W.;D^J(JK=%U10M4>JA+N@?HVH+/9TYB,Y$[M+W)69<H,1"
M+VK$A<%R#2S9NDIYJ?18]U)WRE%A#`8#`8#`UX=N5B\SV<T.Z2>CK"Z6YYCK
M3;:.S:;KN7L+.M'8K\?6!U/V0^PV33FN&:QX_#6QBE3>)&:YF[0*W\A<!">,
M@)Z0L=/E?DI^"V=7G!EPQ^<QY#%%9D;Z0>*UJR_9TBG[95U6O'YX+JNJ^XK`
M-D[^UN\>CD<-3E.GH\K4C2U&;;P+3R485`QTPB1X6T+P@+OY.ZL25D^!CIM8
MC`^%4ZVV,>SR^3W_`&=!U"QBIR72=G0UH[U18$<=FA2>!.-QE#I)S_<6&".5
M&2&5W0WHY6#_U+_&`P&`P&`P&`P&!HB\605"Z\K.EDH;8PEL^812QG*Q7,J<
M2@B?/;R3;;/KYF:4]KDBLJ^BBM/M0+0CFNR9<G3C,^!$%:E5"6II#*[<WNY6
M)@,#1?W\Y2"RWZWK+KV1RY/7O.D>0T[/;#"NO*/M?,=CGJAS25=-U6SU1)6D
MFWWBFHN]H#966K3E$-1384G*6&E">TH(RAO0RL3`8#`8#`8#`8#`8#`8#`8#
M`8#`8#`8#`8#`8&HGRV/$I:(;0[I`2I>TRA@MY"N=+,J=KLN7W#5T*>6AS9)
M*?%8#3K^T3EZ;)TU#4MJM4:E>&A`(HLTY"8I"D4)9+*WI37XK1JT')]`)%\+
M*KU<764;$LBA8W\8T*HU+[RA<MU+7J2RXET?S3-N"PEW<G)V)5*C"UJM4J":
M>94G?*3^$,!@,!@,!@8EOQ$W.5%72W/"=.K:7"I;&1.B16T+)`E5-RJ'/)"U
M.I86Z01-P>TYR8P01HR'5L.4AWLL"M.(6C@"&I'PT3A^L]1T+.9B<C72C49Y
MXA*1S37@FZ3$HA$00VN8R)=6ZSV9.(Z0E03!^D00Q4E*6K8#AG*%#O(0.:=>
M"0SNZ&\C*P?_U;_&`P&`P&`P&`P&!7M\?%L1"S.])&YQ4"2+MVZLOQK2((I%
MW]`W3=T+L.CY*Z%3X<@ZBNO;/(8M$)!&7I`%/'&0T),K,2+CFY<2>RBC.=RP
MEE8&`P(/65P+4=FR"R5J^;WA&(/=KD%WO&EX/9BV.5);S@;'T$4>3I6P%MZA
MY;"I;&FI,B?26)Q9T[X23ZK@*!C-$86J<.$,!@,!@,!@,!@,!@,!@,!@,!@,
M!@,!@,!@,!@:!?+:_P!22RU(76BY#1;;9U:,U,6Y*%%MKJX@D@M6H)M+[RCS
M;`X-9\JB,P=B44(EE9K%STRCTV(E9#ZG,`L&()Z)7)9VML?&K0O8.5*`9G*2
M0V7*FVK8HEW(:]`B_,IP3@;2ODOS;4-S)&43HV)$6RR`+BVQM"X;*VI^43;-
MV2"L9WRDOA#`8#`8#`8'5IS#6"QH5,*]EB0:^+3N+2"&R5"6H.2&+6"3M*MD
M>4A:I,,M0F&H;EQ@-&%B",&]^H=ZWK6\"-7*O&D(Y/'-UL=L6VK1?IX4UH76
M36XZPEP>$;&S3.T;%;V!M+@,"KQGTA*G-TR=S&>I2*7$XYU$`Q2,@E,4269J
ME]A'_]:_Q@,!@,!@,!@,!@:*O&M(W('0TK03=G7J7Z:0FXGZ'W<KNCHYZBO1
M3<UV]%AR655M4=C\VU94+,@0G.R0Q8L8I"K,+T:48VHU+0OVM(C*=S>KE8F`
MP&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P.IHX-%&^=2.RT;.21.);
M$X7!I%(`G*Q*'.*5X\3U_AC.:G&H$A*)8G>SWX\L990#3!.(]&#&$!6BP[9@
M,!@,!@,!@,!@,!@?_]>_Q@,!@,!@,!@,#"O1\ML6`T!<\WJ.."EMGQ.LII(8
M%&P-"Z1#=Y2TL"Y:SI2XVUJ4;K)C?G"0B"V)#BE;B(.DQ`@FF@WHL;VL'B]%
M2:/KMG6<W2I->$3<^99*&U9@"&3-A;Z2L,$PK56>FC`W0\F#UH/H]Y/<G5WK
MYJ;F\]M4Q@D_0"4I!:?(L[MK=1E8F`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`
MP&`P&`P&`P&`P&`P&`P&`P&`P&`P/__0O\8#`8#`8#`8#`8#`8#`8#`8#`8#
M`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8#`8'_T;_&`P&`
MP&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`
MP&`P&`P&`P&!_]*_Q@,!@,!@,!@0!ZN\E?,G&\[1UO;1]FN<N%61]U2%NK2J
MYC8P('4">3BAIEESU7&V]2FC,.U)BC$>U9HMA`>#01Z#LPG1A8B99ZKGJSGJ
MVIC8D"KVT&.12>J(M6$VGJ4M,\-[<R12Y6%9)ZW?"I"[MC?'7I%(F-"8?O:!
M6J$B]0`5Z(,-+`,4EF%3,(BC3)%BR4QQ*D<"1*4"I2]MA"9:G`8`H:A(>:J"
M4I)`::$.Q@V(.A"UKU]=ZPC$EV=,5+0)]6I+!?#BE]PW#6='0MN94Y;NXG36
MVGDQAAQSBA(4!4M\<4.1?P'KQ!V23ZZ]?7U],+$59AU*(ULQT)U(F+9K(`PQ
MZ*T[(-F-!90MA-,=`?,?$@`6(.]"V;H&M;U^7",$=-]:4GR324NZ`MZ2C)K^
M%?0GTMN,DDR-^4?3TQC\%2_1+(D5`4N?RS_)DH5/M[W\N5L0Q>F@^F%B*[(<
MQTITI5W*-7J;:MM8_$QL$AC$0;&Z*1MVETJDDMF;RF88Q&HW'&4A0O=7AW<E
M00%EAT$/IK>]BUK6"(JY/G;H"L>IJ8@M]TX\*WRNK"0N"QA7.#6M9'(L]E>W
M.,O[4Z-+B42K0.C#)&18A4E[UL.CTX_@$,'PC$)BDTE"GF/R]<<=86%7E95R
MX6LQ2.X$,R75`KL:HIE#(M:FZ[3+5DZ1027JT2B-O:Z*)&U0-:`*D&B1$B*]
M=G>A>Y59MF&R$B51A2V*7M-(V%0S(C?86.Q#PWFMB0[6B=[)4KRU`DI!NM*2
M_P":(>M_X0/_`,[7K6+[0R./"$@`%^9A#=22E+6`+HAV)R3G'%)R3T`='^JP
MDU0>``1%_$$0QA#K?KO6L#$5$=*4WTA5E>7'54N3ND(M1"O<8*>\)E,9>7Q(
MV/3E'UAA,=?BT#T`13HTGE_"(C6]Z#\6OR;UO99BC&74W<E'\B.M:1>R"+(E
M,]M\<N%7E;4]6LKM:P)$W0!I(?)J]IXS$D*Q64S1EK5%G*CC-A^$H0AAT(!)
MXBA$3+@:?\B'+U\RGG^)U7+GB4K>EZLFMOU<O(C;BD:546KI]41>:I'Q4N"G
M-9)#'Y*B4(#T9I>Q:4IS`ZWO0?78I,59-O3K2D^>8K!II/I(-3'+"N&#47'W
M&*$DR8@%@6&>>1'DCH8@5;*;F_U(V)0>,7HG+$$0M>@M8*3+/!LGC1"5O7'R
M%C)1.PPEM2PUV0%I7,P6_0);>H&HT4L&+?\`)HO8M[PC#M>=*UA9]Z=$\[15
M4\G63R[^B3]*R5:T'(VA)^FR'K9S!?H1V&8(IY^886\P2GX`A^7-UH&_7>\+
M39$N'H;K:D>BX,X6)`9,)%&VV>SVMS3)D41%%I\FK5V^A98!&D<E>AJD*);Z
M?"<#>PB`+0MZUK>L$Q,/U=!]4T[S*@KU?:+VK3_I.M"`5'%$+$C"].A\ILMR
M5-$64JVXA0!2ECQZ]&,LY=L.R2A>FM^N]^F"(F6<29+'%(@@3R!D/&,*X0`$
MNJ`T0@M>PZ<Q!"`\6Q!;MBUH_>O\3O>OC],(P]8'45!U=):<B,WLEG:W[H":
M+*\J),C1O4@2R^8-Z$+BM9P.T;;'=H9!)TI@=B/<CT:;XQA![GQB"'9:3M9;
M3RZ*+#"2DDGCRHU0G.5IRT[TVGF'I4P!F*%)("E(A&ITY98A#&'6P@"'>][U
MK6$82Z3ZMI7E&I/TU6Y(EI,-5OD=BT=*B;,X3.0S.5RY7\G&HS#6&/DK%TA>
M7@P(Q%%DZ^'VBAF"$$`!"T6(K-$?JN\H/*EO.]-1N*.D_32F[+?MRAF2*2>O
M7Z+2:'VU1\>;I58D)LID>BTB^%O+.Q.Z0[VE`!"WM0`&]!'\00JG5E/(B41I
M40Y*DLB8E*9G^+Z74$.R`XAJ^'W-B^DCBU`BT/PZ*%Z^[L/I\._^K>$#)1&B
MB6Q0;(F(M.]#T6S'F.R`!+L9L0`:+;#1*-`7CV,P.O0K8]^HM:_Z=8$(IYY)
M>:ZT4+6^9?I0:7@'3B/DA@8]U=*E#O.K=6IB5A88*D3I#-R*'`1F_&)Y`("+
MU#[81".&66,M)2$I7HJNKTKMGLR-[D,687Z0R.,-;?9C$JK^2JW:,/RV.KBB
MF"0"3KAE*5R$0DH@ZW\R0(!@/4(M8*492=IC%&,#R)VD3.B''F=;('M,8O3B
M7-K*W)-KEKFJ;RQC7`2)T>O<V+V]Z^'>O3U]=>I$;*F[<H*])16D?J9VEDR:
MK;IUSO&$SY-`I:TU^LA+3)C(FK(<W^1-3.='Y3]*DCV%J7)TZW9`=F_!H/Y<
M+2827#+(L)`2ZADL?$UJ%(D2=R"\MVT!ZP!9IHDA*S2GY<U2$HD8MEA%L>@@
M%OT]-;PC'EVWY5G/5+S?H&T),4T597\>W)G^0MZ92^_$WF'ID2`MK2-!:L]S
M5NSBM(3)@%:WHPXX&M[T'>Q:+2LT0]K?RQ\76$P2=\73.:U>IAUD5%5,CBEN
M59/H7-VJ77TG&JIW2V*&,2YW2,4^3$FFHW(XLM`!.2,\\THCX31*G5EL-U(6
M#:MP0:?&?:YI3B5NJ+3FBVK;$H``,&I<$WO^\B3@+,"+8S-!#K0M;]?RX1])
M<JC!J)6Y%2-A-;D`4XES@6\-XT2(*L!9B42M4%1LA.%26<`1>QBU\81ZWKUU
MO6!@J@NL:5Z0K]PLVO)$:FB3=8DSJXU9+B"8N<?+H&ZFLS^D1$N"KT5I]+"1
M>P8`6_>+U\6M>F%F)AGLV0L!![@E.?&<E2TE:/=$QKFB+/;21)#7`)S@2,_1
MB,H2`D9^A&:#K9(!#_\`DZWO",$TMU53M^*;T(KQX<%17.MG2"I;)<')M&A;
M4\IC+4A>G0YE6Z-/*>F,+:XEF%K"OYAFM[]-?DPLQ,41_P"8/*%R?US8A=95
M.[V*E?W>%/ME0-;8%632OH[:M>1F4*8<_32LWZ3-B)!*&-JD"4:<X01%&A,`
M:'V_C3*@D*DVS">!<JC!K4>^E2-A,9$QNB%+R6\-XVI.<(9)023W`*C:0HT1
MJ@L.@B'K>Q##K^7>O4C%"+I>C7&]9#S2CL!O.NJ*UBWW+((=]&OQ93;6KHY@
M9T,F-E!K47#C`'+3`^J4MP&N+)&$X9(21:,V6DTKT,JZED6VC3N.I+']MZOY
MSY5?IY;MHU/T>4:>O^75:4^P=\B00,9WPBW[0`"V+TUK>$?M1O3,X*US>WNS
M8N7M@]%N2)&O2J5;>9L0P:+7)B31G)![&6+7H8$._4.]?]&\#D\#_]._Q@,!
M@,!@,!@5H/-16-Q/O1$+L.F><>CEUE1WF%V0TMT[S#"7^U5[K:I5DKMG\Q]&
MU\G1O$/WSV^Q)Z4.)BUX2Z+VN7F%_"K2!7)126=M*;90WOSG"\6^6=AOLK\?
M+Q/;!NBN/%W)7QQA-!V/.ZJC;Q'6$C75JR"QNLWB*I;:>(=:BAH5_F.)<H0N
M934%2Y)3D*$01EB8V;?*C\Q>.OHV74A3,/GG*=LR!%7]/^8!='&*3U2O8Q1R
M<S&O%;OS:<5#V]/IGBK])9Z60KCK>E#H@+KH/RH=B`'>2BS='E\C(4(X_P"C
MTG5G,3U87)U\R*9MTT\"LPBMN**MDSQ'ZDKB@Z-8XIULP2FPU*?2&&N+;91"
M,YZ9A&C5F&(=K%!00$^[E2L4FD^5TZ$<H=1O,[[9D#?Q;<M2'V-QYW;6/YF-
ME)V00S+Y_)K$;'^$-FKIGCY,)YT=++";TQCGI]6KS&WWS0(FDLHDGV01:Q2-
MK[.Z_';.V"OZZKRK>);TG;N^^+CG6/P1VBE:S:RDE<]9#ZW17#TB;*I`J/=U
M%?3F205W>M*1';*VITO&B)"$O8BP*)%WEGI;V?.E6MO7+SK4U512$7!.*,F=
MV,*;IQ+SW7)%J74U0AL;UKS#GJ)P_P"0=7-:UM,_0(E3GM"0!2,D@!.SR2#C
MOCLL;=D_*^KP-!Z;9>391774$`G]5/=7SQGA595],*1=:::FFIFNLX,2SO<=
M^=96Q)*G"92HMY='X\LY2H)?%*G9_M>Z67I!?2NQ`#C7Q-SE/XRV&TK)'U`'
ML*M>6^_(9SYS?.I`UQN&4C8-U%71#D#C7L)!$F"4L4LL1L5-KA\RY/2L&UBX
M"LK16BTORZBS=M^1%:`<J6:34]B/#3PWT='N<R+T\-[O;=!K*%E[#*[;8J#A
M$R;>RU;#1:I.GD5AI727.C>H<%)2,1+X</2G9IFR#C"BU^7;M9QX$X$LY]Z-
M\?DIO/FRTH[3=0`Z[M6NVJ:1R8P<-,NA'0ZJ?\_-,O:0C:5<7>270@3P@9'+
M8RS0#*&828`6@X)G9-)VN9\@7%3_`!'R*<T*N<N'Y_+JIBS30,:0-,3@4C<*
M/9F-FN1UFCJ[P&R8$C:5'*DRKYW4G."W2ES+:7TM7LXX@81J"E0B=DUEL#\H
MT9N.+=@\4]'P2M^DIC"8/5?7592>7<I5J5;EM5E++/K]H;H!($,,4-;VA]I6
MZDC"4M6HU#8G,)%\UK6ME@-2EM*3#5O'^7N_)E3G/JF249/([<+=XT?)K5LI
M`U5DRUNA9+$G%I6IJNH2!IA,?C\/C<FL")')-M6DZ=-](#5EJO<^(X2C9:QM
M\E6%V/D6UG:EYB9%>%NAV"EA=">(YXD5(/\`0$KC;[,EU'TC8[+V)+VZH'U$
MG7O+2^/SHE(<7(2<"=]5G_$,9@A"%L5VQ6?*Q5=G'W3LHY4Y]K5HX/NY*:.N
MNOW.O7=51%E65/*[)E/3$GE<%I9;!'=]U`>;_IR([)=#9*O9!RI03[2-O4%`
M%OW(L3%9VK'WC@J"Y8)VKY%K!LZ!S>-L-H5EXS$L1ELL:G)(CF[Y7/*:^,V6
M4U.J\'H\N,3E9WR;I\(QC3K!?`9Z#WE832D-)C[X^;\L2)\U1"PN6K(DD>C\
M_P#.1)Y*SO$&>QIV5PLJG43AS6^K/A(+-;ELOL=C0FQA1H0!J'-,4)/O9@=8
M95C;M\CKCOQYT2;<?,FY+Q]?4CGK2Q>$1QC%I:JF1O;#5D.HFGSX_P!3Q5]F
MWL&HX2YHIPH:Q.K4:,"HPUL&>:6$`-&#%8V[?*_L1Y;Z9>E%E5K*^-^JSF6!
M0CRHL[^X-$3=(*7.%5YR^+.T*;:JFCRS.3%*E#LT1X1Z,P@E:@>Q#^4(THT,
M6MQ:QY7Y^5./;A9-\/2.=<*6\FB]3^1LA8]R,=&6+%WU_A$CK>%-:>UI3ST_
MB6CJ-L;I3$F?;\\MR1!'E9S00I%ZFI??.J3,;=O0QS8W%U@\@^*?B^_6"I9#
M6/9K_8_2W/MO1R7C?6B;O<;ZQ8KIYZCXU4>?59@$!C-"D48VTD)DY)8!JBEF
MM:,&,X4Z%K6Z8KL;[_)1RS/H9PIPS!*-@$YM-#Q!TAQ[/I+!JJCZF3SF5UG1
MT?>8<^CCD41GD.DE=A'NB9=\N26>>88#9HPZ"$PXNRPMG;/RHT2IGZ0Z6N;C
MV^$'`LOI6+1OK3R$20$53PEZJF8R^NY30S/':XMV_4Z4MH?JRLZYY(0H;5*M
M:<2L]U*2>2>,&R3A%V16*]#4U5G&'03E176Z1=Q?T?7K!8M#<VIA5]7W.4HK
M4,3F]>WZ<[.**,P&>G3F6=2H8"V:2*W'3ZL5R.7(SE9A1Q0"B#BHRK%8VN&L
MSCSH9SI;E1Z+\=-YG3!D:+?:#:[::DM)RJ^<E/?2;<[E-YT,*.2VQPQ)7QL7
MJ9,F?0.38W%IRA(4Z8A$<>6%_(1,5G:V%*^';JE?0;<^S+F:>.[!OSJ'6XL7
M2"*.,B2E\^O%?,9;Y.%CZJ3F@<X"M?8\B`I=!"VF4J4A8Q"V+6LJ5BF_;1#U
MSX]OZ-5/R0CNK@GI7H6(,\?[=CA=/0=CEL>DL7M2PND$TDK^5.4J:XM*U-+E
M.T="F6II,H;]IQI4^R]B]OX]ABUCHEG$/(U[6%Y0'&1/7%=@PB"?I_Z^CMB.
MQE43N40ZRJILCG%="6">S/IN=2"1?I';;8/4*6_\U6G3=$XUK8P%(RE#F>7J
MI6*;W0(3QQU.LH2#ME;\P7A7K^U^'+I.E)4WO-8R:`NRZZG'H9V?)-$/E'-`
MB5K9/947"J4MY7P^\]IE8!%:%HX/J*Q6=O2[E3'#EB64ACD?4\<VK%.8I)Y0
M>!Y:OIRPZ7E%<IDT"@'*%E0KH6?R*MGUJ:EK=`W&;.J(AP=#B=)'(TW^>(>]
MBU@F?EVT;)N7J1NZ$_A\T-)V'RX_6O;[96MU-SQR]8Q;_&)-)FU9T383TA9@
ME$&)).VO::"*B71A"B$!;L\E'I'KW!$ZQT),QUJU:J47.?0LIYZM*-2CE+K.
MV>9:HZCX1F]*,?0_.#BKZX.KUD^;;;[K@$=3L^K`LN`5O$5.X^W&G)MH@M0_
M;1A(3FJ"28RK%8V[78VKEOH][[SZ-G;'QY:M9,CQ'_*A&'12UTG82:.S!98U
M42]!5TE47K,G:3/UT.UR2$7S*9.4J)CC0L.*(9TB<2HX(ZDS%(VNC-/`MTU-
M5UAMQ/'5RK:R=83X89Q:E9Q2L9-)5UDO<(8&EXZO;$L%(*/63:4MDN=EOT^V
MD%&#3J3C-F@**`8(N%8\OE8LLWC7I)3RK5M7-_!%P%F+)#W\[PEW.H"P[(F5
M;%R]\8%U8P4JO-R%/7M0)YPWITW_`.L'9G<'9*!*$#,H(4)ABV6L5K5*6>>/
M>]9M!_*=:3YSM;SK>2[B_P`:T$Y_>#6N:A?Y>L1\WU@R]21F*-*92`B=R9"L
M@!3:ZD#3K5Q"DLQ*7H)BDT!M\J5_JQ7I;8_$!4,IK.N^_%#+S9+Z$AEF=36#
M.>?J@N&!.-9^]7CK7D720]K7QAS*$>V,>STWR*D'H/VO@,`+^<'>L0QNG=M:
M<:0H;M($8Z5JJC>4NHJ>K*;</=+()K2%VPY[!#Z1OMV42M%&X7Q+<4V^6D\I
MCUDA"0<H;&Y6H3'`<CC%1JLW28Q-&<S&RL]+IL!XXM5FYM/=G;C[JF?U$E[P
MX<GMITTOY?,J&4SBN:XYPM&(6RJC/-;$`]\=F1MF4J:$+FZ`2+!R!65]+&!,
M,TJT34KMWOJMOAV_#89=YU,\.7Q5#Y:GBEIEEBD=4-LLM>1M$@BG4E>.4SJ2
M26F7!(N>ZVJ=S?%$[<!A4-R1V$WI2FP!`])M"W%K&S;TI)5UP.MOV?UG&G7C
M^[*WXFE7DYO&RF^HYE`9G3AL.I-3S%&69*ND,.+/;9#7,(E]AQ[Y`)8Q(RUY
M>Q%`_F&94K3IVT99\//.%K4[Y#[[>'[D>XZU@BB%W&!#;%LQF4Q1]CCB_P!U
MIW$%;K+'3I(_7/5;5)B$(7EMD)"%0Y-R;X"/F-)RPZ,0ET[(VK5.5@__U+_&
M`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P&`P*_?FZ_75X@O_P#0BN_K
FB)Y)Z&=NZ[YE@3*P,!@,!@,!@,!@,!@,!@,!@,!@,!@,!@,#_]D_
`
end

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