-----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,
 U9WJ0Ze4tjuMnOk1boBTxTCPERZszZXl0LPb3EpqbXEcW4oMzhu6K2CHrN0W92qb
 JRz4gzooo+k9Fn6fWby2EA==

<SEC-DOCUMENT>0001156973-05-001144.txt : 20050719
<SEC-HEADER>0001156973-05-001144.hdr.sgml : 20050719
<ACCEPTANCE-DATETIME>20050719080057
ACCESSION NUMBER:		0001156973-05-001144
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		23
CONFORMED PERIOD OF REPORT:	20050719
FILED AS OF DATE:		20050719
DATE AS OF CHANGE:		20050719

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			KONINKLIJKE PHILIPS ELECTRONICS NV
		CENTRAL INDEX KEY:			0000313216
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRONIC & OTHER ELECTRICAL EQUIPMENT (NO COMPUTER EQUIP) [3600]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			P7
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-05146-01
		FILM NUMBER:		05960484

	BUSINESS ADDRESS:	
		STREET 1:		BREITNER CENTER
		STREET 2:		AMSTELPLEIN 2
		CITY:			AMSTERDAM
		STATE:			P7
		ZIP:			1096 BC
		BUSINESS PHONE:		31 20 59 77777

	MAIL ADDRESS:	
		STREET 1:		BREITNER CENTER
		STREET 2:		AMSTELPLEIN 2
		CITY:			AMSTERDAM
		STATE:			P7
		ZIP:			1096 BC

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PHILIPS ELECTRONICS N V
		DATE OF NAME CHANGE:	19930727

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PHILIPS NV
		DATE OF NAME CHANGE:	19910903
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>u49135e6vk.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<HTML>
<HEAD>
<TITLE>e6vk</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">



<P align="right" style="font-size: 10pt"><B>2005 &#151; 5</B>



<HR size="4" noshade color="#000000" style="margin-top: -5px">
<HR size="1" noshade color="#000000" style="margin-top: -10px">




<P align="center" style="font-size: 14pt"><B>SECURITIES AND EXCHANGE COMMISSION</B>

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


<P align="center" style="font-size: 10pt"><HR size="1" noshade width="26%" align="center" color="#000000">

<P align="center" style="font-size: 18pt"><B>FORM 6-K</B>


<P align="center" style="font-size: 12pt"><B>REPORT OF FOREIGN ISSUER</B>


<P align="center" style="font-size: 12pt"><B>Pursuant to Rule&nbsp;13a-16 or 15d-16 of the<BR>
Securities Exchange Act of 1934</B>


<P align="center" style="font-size: 10pt">For the period commencing June&nbsp;1, 2005 through July&nbsp;14, 2005


<P align="center" style="font-size: 10pt"><HR size="1" noshade width="26%" align="center" color="#000000">

<P align="center" style="font-size: 24pt"><B>KONINKLIJKE PHILIPS ELECTRONICS N.V.</B>


<DIV align="center" style="font-size: 10pt">(Exact name of registrant as specified in its charter)</DIV>


<P align="center" style="font-size: 24pt"><B>Royal Philips Electronics</B>


<DIV align="center" style="font-size: 10pt">(Translation of registrant&#146;s name into English)</DIV>



<P align="center" style="font-size: 10pt"><B>The Netherlands</B><BR>
(Jurisdiction of incorporation or organization)


<P align="center" style="font-size: 10pt"><B>Breitner Center, Amstelplein 2, 1096 BC Amsterdam, The Netherlands</B><BR>
(Address of principal executive offices)

<P align="left" style="font-size: 10pt">Indicate by check mark whether the registrant files or will file annual reports under cover
Form 20-F or Form 40-F.



<P align="center" style="font-size: 10pt">Form&nbsp;20-F&nbsp;&nbsp;<FONT face="Wingdings">&#254;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form&nbsp;40-F&nbsp;&nbsp;<FONT face="Wingdings">&#111;</FONT>

<P align="left" style="font-size: 10pt">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation&nbsp;S-T Rule101(b)(1): <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>


<P align="left" style="font-size: 10pt">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation&nbsp;S-T Rule101(b)(7): <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>


<P align="left" style="font-size: 10pt">Indicate by check mark whether the registrant by furnishing the information contained in this Form
is also thereby furnishing the information to the Commission pursuant to Rule&nbsp;12g3-2(b) under the
Securities Exchange Act of 1934.



<P align="center" style="font-size: 10pt">Yes&nbsp;&nbsp;<FONT face="Wingdings">&#111;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;&nbsp;<FONT face="Wingdings">&#254;</FONT>


<P align="center" style="font-size: 10pt">Name and address of person authorized to receive notices<BR>
and communications from the Securities and Exchange Commission:


<P align="center" style="font-size: 10pt">A. Westerlaken<BR>
Koninklijke Philips Electronics N.V.<BR>
Amstelplein 2<BR>
1096 BC Amsterdam &#151; The Netherlands


<P>
<HR size="1" noshade color="#000000" style="margin-top: -2px">
<HR size="4" noshade color="#000000" style="margin-top: -10px">





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

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

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

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

<P><CENTER>
<TABLE border="0" width="90%" cellpadding="0" cellspacing="0">
<TR>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="76%"></TD>
</TR>
<TR><TD></TD><TD colspan="8"><A HREF="#000">Report on the performance of the Philips Group</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#001">Philips Group</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#002">Medical Systems</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#003">Domestic Appliances and Personal Care</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#004">Consumer Electronics</A></TD></TR>
<TR><TD colspan="9"><A HREF="#005">Lighting</A></TD></TR>
<TR><TD colspan="9"><A HREF="#006">Semiconductors</A></TD></TR>
<TR><TD colspan="9"><A HREF="#007">Other Activities</A></TD></TR>
<TR><TD colspan="9"><A HREF="#008">Unallocated</A></TD></TR>
<TR><TD colspan="9"><A HREF="#009">LG.Philips Displays joint venture (100%)</A></TD></TR>
<TR><TD colspan="9"><A HREF="#010">Highlights in the 1<SUP style="font-size: 85%; vertical-align: text-top">st</SUP> six months</A></TD></TR>
<TR><TD colspan="9"><A HREF="#011">Other information</A></TD></TR>
<TR><TD colspan="9"><A HREF="#012">Outlook</A></TD></TR>
<TR><TD colspan="9"><A HREF="#013">Consolidated statements of income</A></TD></TR>
<TR><TD colspan="9"><A HREF="#014">Consolidated balance sheets and additional ratios</A></TD></TR>
<TR><TD colspan="9"><A HREF="#015">Consolidated statements of cash flows<SUP style="font-size: 85%; vertical-align: text-top">*</SUP></A></TD></TR>
<TR><TD colspan="9"><A HREF="#016">Consolidated statement of changes in stockholders&#146; equity</A></TD></TR>
<TR><TD colspan="9"><A HREF="#017">Product sectors</A></TD></TR>
<TR><TD colspan="9"><A HREF="#018">Product sectors and main countries</A></TD></TR>
<TR><TD colspan="9"><A HREF="#019">Pension costs</A></TD></TR>
<TR><TD colspan="9"><A HREF="#020">Consolidated statements of income in accordance with IFRS</A></TD></TR>
<TR><TD colspan="9"><A HREF="#021">Consolidated balance sheets and additional ratios in accordance with IFRS</A></TD></TR>
<TR><TD colspan="9"><A HREF="#022">Reconciliation from US GAAP to IFRS</A></TD></TR>
<TR><TD colspan="9"><A HREF="#023">Reconciliation of non-US GAAP performance measures</A></TD></TR>
<TR><TD colspan="9"><A HREF="#024">Philips quarterly statistics</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#025">Philips CEO updates market at Credit Suisse First Boston Conference</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#026">Philips announces divestment of Philips Aerospace to Italian Avio group</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#027">Philips reviews performance and growth plans of its Medical Systems business at financial analyst meeting</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#028">Philips and TPV entered into definitive agreement to create world&#146;s leading display manufacturer</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#029">TSMC announcement of filing of ROC SFB and US SEC registration statement enables Philips and Taiwan Development Fund to offer American shares of TSMC</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#030">Philips to acquire healthcare IT company Stentor Inc.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#031">Philips intends to sell LG.Philips LCD shares</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#032">Philips sells its remaining stake in Atos Origin</A></TD></TR>
</TABLE>
</CENTER>
<!-- /TOC -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>




<P align="left" style="font-size: 10pt">This report comprises (i)&nbsp;a copy of the <I>Quarterly Report of the Philips Group </I>for the three months
ended June&nbsp;30, 2005, dated July&nbsp;18, 2005, and (ii)&nbsp;a copy of each of following press releases
entitled:



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&#150;</TD>
<TD width="1%">&nbsp;</TD>
<TD>&#147;Philips CEO updates market at Credit Suisse First Boston Conference&#148;, dated June&nbsp;2, 2005;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&#150;</TD>
<TD width="1%">&nbsp;</TD>
<TD>&#147;Philips announces divestment of Philips Aerospace to Italian Avio group&#148;, dated June&nbsp;2, 2005;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&#150;</TD>
<TD width="1%">&nbsp;</TD>
<TD>&#147;Philips reviews performance and growth plans of its Medical Systems business at financial analyst meeting&#148;, dated June
15, 2005;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&#150;</TD>
<TD width="1%">&nbsp;</TD>
<TD>&#147;Philips and TVP entered into definitive agreement to create world&#146;s leading display manufacturer&#148;, dated June&nbsp;16, 2005;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&#150;</TD>
<TD width="1%">&nbsp;</TD>
<TD>&#147;TSMC announcement of filing ROC SFB and US SEC registration statement enables Philips and Taiwan Development Fund to
offer American shares of TSMC&#148;, dated July&nbsp;5, 2005;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&#150;</TD>
<TD width="1%">&nbsp;</TD>
<TD>&#147;Philips to acquire healthcare IT company Stentor Inc&#148;, dated July&nbsp;6, 2005;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&#150;</TD>
<TD width="1%">&nbsp;</TD>
<TD>&#147;Philips intends to sell LG.Philips LCD shares&#148;, dated July&nbsp;8, 2005; and</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">&#150;</TD>
<TD width="1%">&nbsp;</TD>
<TD>&#147;Philips sells its remaining stake in Atos Origin&#148;, dated July&nbsp;14, 2005.</TD>
</TR>

</TABLE>
<P align="left" style="font-size: 10pt">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf, by the undersigned, thereunto duly authorized at
Amsterdam, on the 18<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> day of July&nbsp;2005.



<P align="center" style="font-size: 10pt"><B>KONINKLIJKE PHILIPS ELECTRONICS N.V.</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<P>&nbsp;


<P align="center" style="font-size: 10pt"><B>/s/ G.J. Kleisterlee</B><BR>
<HR size="1" noshade width="50%" align="center" color="#000000">

<DIV align="center" style="font-size: 10pt">(President,<BR>
Chairman of the Board of Management)</DIV>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<P>&nbsp;


<P align="center" style="font-size: 10pt"><B>/s/ P.J. Sivignon</B><BR>
<HR size="1" noshade width="50%" align="center" color="#000000">

<DIV align="center" style="font-size: 10pt">(Vice-Chairman of the Board of Management<BR>
and Chief Financial Officer)</DIV>




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

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


<!-- link2 "Report on the performance of the Philips Group" -->
<DIV align="left"><A NAME="000"></A></DIV>

<P align="left" style="font-size: 12pt">Report on the performance of the Philips Group



<P align="left" style="font-size: 12pt"><B>Q2 Quarterly report<BR>
July&nbsp;18, 2005</B>



<P align="left" style="font-size: 10pt"><I>Forward-looking statements</I>


<P align="left" style="font-size: 10pt">This document contains certain forward-looking statements with respect to the financial condition,
results of operations and business of Philips and certain of the plans and objectives of Philips
with respect to these items (including, but not limited to, cost savings), in particular the
outlook paragraph in this report.


<P align="left" style="font-size: 10pt">By their nature, forward-looking statements involve risk and uncertainty because they relate to
events and depend on circumstances that will occur in the future. There are a number of factors
that could cause actual results and developments to differ materially from those expressed or
implied by these forward-looking statements. These factors include, but are not limited to, levels
of consumer and business spending in major economies, changes in consumer tastes and preferences,
changes in law, the performance of the financial markets, pension costs, the levels of marketing
and promotional expenditures by Philips and its competitors, raw materials and employee costs,
changes in exchange and interest rates (in particular changes in the euro and the US dollar can
materially affect results), changes in tax rates and future business combinations, acquisitions or
dispositions and the rate of technological changes, political and military developments in
countries where Philips operates, the risk of a downturn in the semiconductor market, Philips&#146;
ability to secure short-term profitability and invest in long-term growth in Lighting and product
R&#038;D in Medical Systems, and industry consolidation.


<P align="left" style="font-size: 10pt">Statements regarding market share, including as to Philips&#146; competitive position, contained in this
document are based on outside sources such as specialized research institutes, industry and dealer
panels in combination with management estimates. Where information is not yet available to Philips,
those statements may also be based on estimates and projections prepared by outside sources or
management. Rankings are based on sales unless otherwise stated.



<P align="left" style="font-size: 10pt"><I>Use of non-US GAAP information</I>



<P align="left" style="font-size: 10pt">In presenting and discussing the Philips Group&#146;s financial position, operating results and cash
flows, management uses certain non-US GAAP financial measures. These non-US GAAP financial measures
should not be viewed in isolation as alternatives to the equivalent US GAAP measure(s) and should
be used in conjunction with the most directly comparable US GAAP measure(s). A discussion of the
non-US GAAP measures included in this document and a reconciliation of such measures to the most
directly comparable US GAAP measure(s) are contained in this document.


<P align="right" style="font-size: 10pt">1
</DIV>

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

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

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&#150;&nbsp;</TD>
<TD width="1%">&nbsp;</TD>
<TD>all amounts in millions of euros unless otherwise stated</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&#150;&nbsp;</TD>
<TD width="1%">&nbsp;</TD>
<TD>the data included in this report are unaudited</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&#150;&nbsp;</TD>
<TD width="1%">&nbsp;</TD>
<TD>financial reporting according to US GAAP unless otherwise stated</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&#150;&nbsp;</TD>
<TD width="1%">&nbsp;</TD>
<TD>includes restatement of global brand campaign costs to Unallocated</TD>
</TR>

</TABLE>
<P align="left" style="font-size: 10pt">Philips reports net income of EUR 983&nbsp;million in the second quarter


<P align="left" style="font-size: 10pt">Philips recorded net income of EUR 983&nbsp;million (EUR 0.78 per share), compared with net
income of EUR 616&nbsp;million (EUR 0.48 per share) in the corresponding period of 2004. The EUR 367
million increase in net income was entirely attributable to the sale of NAVTEQ shares, which
yielded a non-taxable gain of EUR 753&nbsp;million.


<P align="left" style="font-size: 10pt">Sales amounted to EUR 7,087&nbsp;million, 3% lower than in Q2 2004. The weaker US dollar and
dollar-related currencies, as well as various divestments, had a downward effect of 2%. On a
comparable basis, sales decreased by 1%. Solid growth at Medical Systems and Lighting was offset
by declines at Semiconductors and Mobile Display Systems (MDS).


<P align="left" style="font-size: 10pt">Income from operations amounted to EUR 147&nbsp;million, compared to EUR 356&nbsp;million in the same
period of 2004.


<P align="left" style="font-size: 10pt">Financial income and expenses resulted in an expense of EUR 57&nbsp;million, compared with an expense
of EUR 65&nbsp;million in Q2 2004. Income taxes included a EUR 109&nbsp;million tax gain relating to a
final agreement on prior-years tax settlements.


<P align="left" style="font-size: 10pt">Unconsolidated companies contributed EUR 822&nbsp;million to net income; this included the gain on
the sale of NAVTEQ shares. Results from unconsolidated companies in Q2 2004 amounted to EUR 430
million, including a net license gain of EUR 99&nbsp;million related to InterTrust Technologies Corp.
LG.Philips LCD&#146;s contribution to net income was EUR 10&nbsp;million, compared to EUR 251&nbsp;million in
Q2 2004.


<P align="left" style="font-size: 10pt">Cash flow from operating activities was an inflow of EUR 37&nbsp;million, compared to an inflow of
EUR 62&nbsp;million in Q2 2004. Inventories as a percentage of sales amounted to 13.3%, compared to
12.5% in Q2 2004.




<P align="right" style="font-size: 10pt">2
</DIV>

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

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



<P align="left" style="font-size: 10pt">Gerard Kleisterlee,<BR>
Philips&#146; President and CEO:

<P align="left" style="font-size: 10pt">&#147;We continue to make steady progress in implementing our strategy
by delivering on our management agenda. The quarter showed growth in both the revenue and
profitability of our Medical Systems business; we also announced the first acquisition in this
important field. In a weak consumer retail environment, we are seeing the benefits of our
Business Renewal Program in Consumer Electronics. Weakness in the technology sector, however,
continued to hamper our results.&#148;




<P align="right" style="font-size: 10pt">3
</DIV>

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

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


<!-- link2 "Philips Group" -->
<DIV align="left"><A NAME="001"></A></DIV>

<P align="left" style="font-size: 12pt">Philips Group



<P align="left" style="font-size: 10pt">Highlights in the quarter



<P align="left" style="font-size: 10pt">Net income



<P align="left" style="font-size: 10pt">in millions of euros unless otherwise stated

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="80%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Q2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Q2</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>2005</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,280</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>7,087</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income from operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">356</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>147</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">as a % of sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2.1</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Financial income and expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(65</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(57</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income taxes</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(87</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>83</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Results unconsolidated companies</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">430</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>822</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Minority interests</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(18</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(12</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD style="border-top: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="7" nowrap align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net income</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">616</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>983</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Per common share &#150; basic</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.48</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>0.78</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>


<P align="left" style="font-size: 10pt">Net income



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&#149;</TD>
<TD width="1%">&nbsp;</TD>
<TD>Net income amounted to EUR 983&nbsp;million (EUR 0.78 per share) compared to EUR 616
million (EUR 0.48 per share) in the same period last year. A EUR 392&nbsp;million increase in
results from unconsolidated companies was partly offset by a EUR 209&nbsp;million decrease in
income from operations. The former was the net effect of the sale of NAVTEQ shares and EUR 241
million lower results at LG.Philips LCD. A EUR 109&nbsp;million tax gain relating to a final
agreement on prior-years tax settlements also contributed to the improved net income.</TD>
</TR>

</TABLE>
<P align="left" style="font-size: 10pt">Sales by sector


<P align="left" style="font-size: 10pt">in millions of euros unless otherwise stated


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="60%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Q2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Q2</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>% change</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>2005</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>nominal</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>comparable</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Medical Systems</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,428</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,498</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>5</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>6</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">DAP</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">456</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>461</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">CE</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,288</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,259</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(1</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(2</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Lighting</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,079</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,116</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>4</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Semiconductors</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,161</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,088</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(6</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(6</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other Activities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">868</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>665</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(23</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(10</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD style="border-top: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="7" nowrap align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Philips Group</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,280</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>7,087</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(3</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(1</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>


<P align="left" style="font-size: 10pt">Sales by sector



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&#149;</TD>
<TD width="1%">&nbsp;</TD>
<TD>Nominal sales for the Group declined by 3% compared to Q2
2004. Adjusted for the 2% downward effect of
(de)consolidations and of the US dollar and dollar-related
currencies, comparable sales declined by 1%.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&#149;</TD>
<TD width="1%">&nbsp;</TD>
<TD>Comparable sales at Medical Systems increased by 6%. In
particular, Ultrasound and Computed Tomography grew. Sales
growth of 1% at Domestic Appliances and Personal Care (DAP)
was driven by Oral Healthcare and Food &#038; Beverage. A weakened
consumer retail environment in Europe led to a 2% decline in
comparable sales at Consumer Electronics (CE). Despite weak
market demand for consumer applications, comparable sales at
Lighting increased 4%. The sales decline at Semiconductors
was spread across all businesses, as the cycle peaked during
Q2 last year. The sales decline in Other Activities was
largely due to MDS.</TD>
</TR>

</TABLE>
<P align="left" style="font-size: 10pt">Sales per region


<P align="left" style="font-size: 10pt">in millions of euros unless otherwise stated


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="60%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Q2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Q2</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>% change</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>2005</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>nominal</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>comparable</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Europe/Africa</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,068</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,834</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(8</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(6</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">North America</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,826</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,848</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>4</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Latin America</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">369</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>484</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>31</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>26</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Asia Pacific</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,017</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,921</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(5</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(2</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD style="border-top: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="7" nowrap align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Philips Group</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,280</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>7,087</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(3</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(1</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>


<P align="left" style="font-size: 10pt">Sales per region



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&#149;</TD>
<TD width="1%">&nbsp;</TD>
<TD>In Europe/Africa, comparable sales decreased by 6%, hampered
by a weakened consumer retail environment in Western Europe.
Sales decreased at CE and at DAP.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&#149;</TD>
<TD width="1%">&nbsp;</TD>
<TD>In North America, comparable sales increased by 4%, driven by
Consumer Electronics and Medical Systems (excluding
MedQuist), partly offset by a decline at DAP.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&#149;</TD>
<TD width="1%">&nbsp;</TD>
<TD>In Latin America, Brazil and Mexico were the main
contributors to the higher sales.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&#149;</TD>
<TD width="1%">&nbsp;</TD>
<TD>In Asia Pacific, comparable sales declined by 2%. Lower sales
at Semiconductors and MDS were only partially offset by the
strong growth at Medical Systems and the solid growth at DAP
and CE (excluding Licenses).</TD>
</TR>

</TABLE>

<P align="right" style="font-size: 10pt">4
</DIV>

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

<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="left" style="font-size: 10pt">Income (loss)&nbsp;from operations by sector


<P align="left" style="font-size: 10pt">in millions of euros unless otherwise stated


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="80%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Q2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Q2</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>2005</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Medical Systems</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">132</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>157</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">DAP</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">46</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>44</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">CE</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">53</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>62</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Lighting</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">135</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>120</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Semiconductors</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">134</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>27</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other Activities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(46</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(71</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Unallocated</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(98</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(192</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD style="border-top: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="7" nowrap align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Philips Group</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">356</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>147</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">as a % of sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2.1</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>


<P align="left" style="font-size: 10pt">Income from operations by sector



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&#149;</TD>
<TD width="1%">&nbsp;</TD>
<TD>Income from operations for Q2 2005 was a profit of EUR 147
million, compared to a profit of EUR 356&nbsp;million in the
corresponding period last year. Restructuring and total
impairment charges amounted to EUR 33&nbsp;million, compared with
EUR 50&nbsp;million in Q2 2004. Pension costs amounted to EUR 66
million, compared to EUR 45&nbsp;million in Q2 2004.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&#149;</TD>
<TD width="1%">&nbsp;</TD>
<TD>Income from operations at Medical Systems improved by EUR 25
million. The increase was driven by higher sales, a better
product mix and productivity improvements. Q2 2004 income
from operations included a EUR 14&nbsp;million impairment charge
for MedQuist.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&#149;</TD>
<TD width="1%">&nbsp;</TD>
<TD>Income from operations at DAP amounted to EUR 44&nbsp;million, or
9.5% of sales. Despite weakened retail markets, margins were
maintained at the level of Q2 2004.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&#149;</TD>
<TD width="1%">&nbsp;</TD>
<TD>Income from operations of the operational businesses of CE
was a profit of EUR 6&nbsp;million, EUR 40&nbsp;million better than in
Q2 2004, driven by Home Entertainment Networks and lower
restructuring charges. At EUR 56&nbsp;million, income from
operations at Licenses was EUR 31&nbsp;million lower than in Q2
2004, mainly due to lower past-use income.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&#149;</TD>
<TD width="1%">&nbsp;</TD>
<TD>Income from operations at Lighting was EUR 15&nbsp;million lower
than in Q2 2004. The reduction was predominantly attributable
to additional R&#038;D for innovative products.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&#149;</TD>
<TD width="1%">&nbsp;</TD>
<TD>Results at Semiconductors were mainly impacted by the 6%
decline in sales coupled with higher costs.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&#149;</TD>
<TD width="1%">&nbsp;</TD>
<TD>The investments in the global brand and higher overhead and
pension costs were the main reasons for the increased losses
at Unallocated.</TD>
</TR>

</TABLE>
<P align="left" style="font-size: 10pt">Financial income and expenses


<P align="left" style="font-size: 10pt">in millions of euros


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="80%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Q2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Q2</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>2005</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Interest expenses (net)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(64</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(57</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income from non-current financial
assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(2</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD style="border-top: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="7" nowrap align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(65</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(57</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>


<P align="left" style="font-size: 10pt">Financial income and expenses



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&#149;</TD>
<TD width="1%">&nbsp;</TD>
<TD>Financial income and expenses were EUR 8&nbsp;million lower than in Q2 2004 due to the
lower net debt position.</TD>
</TR>

</TABLE>
<P align="left" style="font-size: 10pt">Results unconsolidated companies


<P align="left" style="font-size: 10pt">in millions of euros


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="80%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Q2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Q2</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>2005</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">LG.Philips LCD</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">251</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>10</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">LG.Philips Displays</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(11</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Gain on sale of NAVTEQ shares</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>753</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net license gain relating to
InterTrust Technologies Corp</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">99</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>&#151;</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Others</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">75</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>70</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD style="border-top: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="7" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">430</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>822</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>


<P align="left" style="font-size: 10pt">Results relating to unconsolidated companies



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&#149;</TD>
<TD width="1%">&nbsp;</TD>
<TD>Results relating to unconsolidated companies in Q2 2005 were
EUR 392&nbsp;million higher than in Q2 2004, positively impacted
by a gain of EUR 753&nbsp;million on the sale of NAVTEQ shares.
The gain related to the sale of the remaining 30&nbsp;million
shares of common stock in NAVTEQ Corporation and the
execution in full of the over-allotment option.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&#149;</TD>
<TD width="1%">&nbsp;</TD>
<TD>LG.Philips LCD contributed EUR 241&nbsp;million less to the
results than in Q2 2004.</TD>
</TR>

</TABLE>


<P align="right" style="font-size: 10pt">5
</DIV>

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

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


<P align="left" style="font-size: 10pt">Cash balance


<P align="left" style="font-size: 10pt">in millions of euros


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="80%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Q2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Q2</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>2005</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Beginning balance</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,105</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,210</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net cash from operating activities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">62</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>37</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Gross capital expenditures</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(350</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(221</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Acquisitions/divestments</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(40</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>920</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other cash from investing activities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">83</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(11</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Dividend paid</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(460</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(504</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Changes in debt/other</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">34</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(426</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD style="border-top: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="7" nowrap align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Ending balance</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,434</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,005</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>


<P align="left" style="font-size: 10pt">Cash balance



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&#149;</TD>
<TD width="1%">&nbsp;</TD>
<TD>The cash position declined by EUR 205&nbsp;million in Q2 2005.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&#149;</TD>
<TD width="1%">&nbsp;</TD>
<TD>Proceeds from the sale of NAVTEQ shares amounted to EUR 932
million.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&#149;</TD>
<TD width="1%">&nbsp;</TD>
<TD>A dividend of EUR 0.40 per share was paid in respect of the
financial year 2004 following the approval of the General
Meeting of Shareholders on March&nbsp;31, 2005, resulting in a
total cash outflow of EUR 504&nbsp;million.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&#149;</TD>
<TD width="1%">&nbsp;</TD>
<TD>In connection with the share repurchase program, a cash
amount of EUR 248&nbsp;million was used for capital reduction,
while EUR 73&nbsp;million was used to hedge long-term incentive
and employee stock purchase programs. The EUR 750&nbsp;million
share repurchase program was completed at the end of Q2 2005.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&#149;</TD>
<TD width="1%">&nbsp;</TD>
<TD>Debt decreased by EUR 197&nbsp;million, mainly due to the
repayment of a short-term bond.</TD>
</TR>

</TABLE>

<P align="left" style="font-size: 10pt"><IMG src="u49135u4913501.gif" alt="(CASH FLOWS CHART)">



<P align="left" style="font-size: 10pt">Cash flows from operating activities



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&#149;</TD>
<TD width="1%">&nbsp;</TD>
<TD>Cash inflow from operating activities amounted to EUR 37&nbsp;million, compared to an
inflow of EUR 62&nbsp;million in Q2 2004.</TD>
</TR>

</TABLE>

<P align="left" style="font-size: 10pt"><IMG src="u49135u4913502.gif" alt="(GROSS CAPITAL EXPENDITURES CHART)">



<P align="left" style="font-size: 10pt">Gross capital expenditures



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&#149;</TD>
<TD width="1%">&nbsp;</TD>
<TD>Compared to Q2 2004, gross capital expenditures were reduced
by EUR 129&nbsp;million, mainly at Semiconductors. Capital
expenditures increased at Lighting and DAP.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&#149;</TD>
<TD width="1%">&nbsp;</TD>
<TD>Gross capital expenditures totaled EUR 85&nbsp;million at
Semiconductors and EUR 43&nbsp;million at Lighting.</TD>
</TR>

</TABLE>


<P align="right" style="font-size: 10pt">6
</DIV>

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

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



<P align="left" style="font-size: 10pt"><IMG src="u49135u4913503.gif" alt="(INVENTORIES CHART)">



<P align="left" style="font-size: 10pt">Inventories



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&#149;</TD>
<TD width="1%">&nbsp;</TD>
<TD>Inventories as a percentage of sales amounted to 13.3%, 0.8
percentage points above the level of Q2 2004.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&#149;</TD>
<TD width="1%">&nbsp;</TD>
<TD>Triggered by the weak consumer retail environment that became
evident during the quarter, corrective actions have already
been taken to reduce inventory levels.</TD>
</TR>

</TABLE>

<P align="left" style="font-size: 10pt"><IMG src="u49135u4913504.gif" alt="(NET DEBT AND GROUP EQUITY CHART)">



<P align="left" style="font-size: 10pt">Net debt and group equity



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&#149;</TD>
<TD width="1%">&nbsp;</TD>
<TD>During the quarter, net debt increased by EUR 174&nbsp;million.
Cash needed for working capital, together with the cash
outflows of EUR 321&nbsp;million and EUR 504&nbsp;million for the share
repurchase program and the dividend payment respectively,
more than offset the EUR 932&nbsp;million cash inflow from the
sale of NAVTEQ shares.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&#149;</TD>
<TD width="1%">&nbsp;</TD>
<TD>Compared to Q1 2005, group equity increased by EUR 1,201
million. This increase was largely due to the net income of
EUR 983&nbsp;million and positive translation differences of EUR
541&nbsp;million, partly offset by the EUR 321&nbsp;million used for
the share repurchase program.</TD>
</TR>

</TABLE>

<P align="left" style="font-size: 10pt"><IMG src="u49135u4913505.gif" alt="(NUMBER OF EMPLOYEES CHART)">



<P align="left" style="font-size: 10pt">Employment



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&#149;</TD>
<TD width="1%">&nbsp;</TD>
<TD>The number of employees at the end of Q2 was 159,709.
Adjusted for the decrease of 99 in connection with the
deconsolidation of Philips Aerospace under Corporate
Investments (Other Activities), the actual decrease during Q2
was 1,049.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&#149;</TD>
<TD width="1%">&nbsp;</TD>
<TD>Semiconductors and Medical Systems posted an increase in the
number of employees in Q2 2005. Declines at Lighting and
Other Activities more than offset this increase.</TD>
</TR>

</TABLE>


<P align="right" style="font-size: 10pt">7
</DIV>

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

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


<!-- link2 "Medical Systems" -->
<DIV align="left"><A NAME="002"></A></DIV>

<P align="left" style="font-size: 12pt">Medical Systems


<P align="left" style="font-size: 10pt">Medical Systems: key data


<P align="left" style="font-size: 10pt">in millions of euros unless otherwise stated


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="80%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Q2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Q2</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>2005</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,428</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,498</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Sales growth</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">% nominal</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>5</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">% comparable</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>6</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income from operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">132</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>157</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">as a % of sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9.2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>10.5</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net operating capital (NOC)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,763</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,287</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Number of employees (FTEs)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30,155</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>30,965</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>


<P align="left" style="font-size: 10pt">Business highlights



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&#149;</TD>
<TD width="1%">&nbsp;</TD>
<TD>Philips announced the acquisition of California-based Stentor
Inc. &#150; a leading provider of picture archiving and
communication systems (PACS).</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&#149;</TD>
<TD width="1%">&nbsp;</TD>
<TD>Philips and the Dutch healthcare insurance provider Zilveren
Kruis Achmea launched Europe&#146;s first pilot study of a
broadband-based home telemonitoring system called Motiva.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&#149;</TD>
<TD width="1%">&nbsp;</TD>
<TD>Philips installed the medical equipment market&#146;s first hybrid
SPECT/CT imaging systems at Johns Hopkins Hospital in
Baltimore, Maryland and Lenox Hospital in New York City.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&#149;</TD>
<TD width="1%">&nbsp;</TD>
<TD>Frost &#038; Sullivan gave Philips the 2005 Business Development
Strategy Leadership Award and the 2005 Product Leadership
Award for its HeartStart defibrillator.</TD>
</TR>

</TABLE>

<P align="left" style="font-size: 10pt"><IMG src="u49135u4913506.gif" alt="(MEDICAL SYSTEMS CHART)">



<P align="left" style="font-size: 10pt">Financial performance



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&#149;</TD>
<TD width="1%">&nbsp;</TD>
<TD>The positive trend in order intake continued in Q2 with 8%
comparable growth in equipment orders.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&#149;</TD>
<TD width="1%">&nbsp;</TD>
<TD>Nominal sales grew by 5% and comparable sales by 6% compared
with Q2 2004, driven by all regions and businesses except
MedQuist. Double-digit growth was visible in Ultrasound and
Computed Tomography, mainly due to the successful
introduction of innovative products.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&#149;</TD>
<TD width="1%">&nbsp;</TD>
<TD>Income from operations, excluding MedQuist, improved by EUR 22&nbsp;million, driven mainly by higher
sales, a better product mix and productivity improvements. Compared to Q2 2004, operational
income at MedQuist decreased by EUR 11&nbsp;million due to higher costs, including legal fees
relating to the billing investigation. MedQuist&#146;s income from operations in Q2 2004 included a
goodwill impairment charge of EUR 14&nbsp;million.</TD>
</TR>

</TABLE>

<P align="left" style="font-size: 10pt"><IMG src="u49135u4913507.gif" alt="(INCOME FROM OPERATIONS CHART)">



<P align="left" style="font-size: 10pt">Looking ahead



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&#149;</TD>
<TD width="1%">&nbsp;</TD>
<TD>With its steadily growing order book, Medical Systems aims to further increase its
market share across all businesses while maintaining its focus on innovation and operational
improvements.</TD>
</TR>

</TABLE>


<P align="right" style="font-size: 10pt">8
</DIV>

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


<!-- link2 "Domestic Appliances and Personal Care" -->
<DIV align="left"><A NAME="003"></A></DIV>

<P align="left" style="font-size: 12pt">Domestic Appliances and Personal Care


<P align="left" style="font-size: 10pt">DAP: key data


<P align="left" style="font-size: 10pt">in millions of euros unless otherwise stated


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="80%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Q2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Q2</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>2005</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">456</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>461</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Sales growth</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">% nominal</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">% comparable</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income from operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">46</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>44</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">as a % of sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10.1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>9.5</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net operating capital (NOC)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">528</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>511</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Number of employees (FTEs)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,301</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>8,510</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>


<P align="left" style="font-size: 10pt">Business highlights



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&#149;</TD>
<TD width="1%">&nbsp;</TD>
<TD>In the United Kingdom, Philips introduced &#147;Philips Bodygroom&#148;
&#150; the first all-in-one all-over body shaver &#038; trimmer for
men.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&#149;</TD>
<TD width="1%">&nbsp;</TD>
<TD>Philips started the rollout of the Senseo coffee maker in
Asian markets.</TD>
</TR>

</TABLE>

<P align="left" style="font-size: 10pt"><IMG src="u49135u4913508.gif" alt="(SALES CHART)">



<P align="left" style="font-size: 10pt">Financial performance



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&#149;</TD>
<TD width="1%">&nbsp;</TD>
<TD>Sales increased by 1% compared to Q2 2004, on both a nominal
and comparable basis. Comparable sales growth was driven by
Oral Healthcare (IntelliClean) and Food &#038; Beverage (Senseo
coffee machine and food appliances). On a regional basis,
sales in Western Europe and North America declined due to a
weakened consumer retail environment, while Latin America and
China contributed strongly to sales growth.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&#149;</TD>
<TD width="1%">&nbsp;</TD>
<TD>Income from operations amounted to EUR 44&nbsp;million, or 9.5% of
sales. Despite weakened retail markets, margins were
maintained at the level of Q2 2004.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&#149;</TD>
<TD width="1%">&nbsp;</TD>
<TD>The impact of the increase in advertising and promotion costs
compared to Q1 2005 was not sufficient to compensate weak
demand in certain markets.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&#149;</TD>
<TD width="1%">&nbsp;</TD>
<TD>Net operating capital decreased by EUR 17&nbsp;million, mainly
driven by a reduction in fixed assets and improvements in
supply chain management.</TD>
</TR>

</TABLE>

<P align="left" style="font-size: 10pt"><IMG src="u49135u4913509.gif" alt="(INCOME FROM OPERATIONS CHART)">



<P align="left" style="font-size: 10pt">Looking ahead



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&#149;</TD>
<TD width="1%">&nbsp;</TD>
<TD>The focus will remain on launching innovative products,
extending alliances and expanding retail channels into
emerging markets.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&#149;</TD>
<TD width="1%">&nbsp;</TD>
<TD>Demand in Western Europe and North America is expected to
remain weak. Retail channels appear somewhat overstocked in
certain product categories.</TD>
</TR>

</TABLE>

<P align="right" style="font-size: 10pt">9
</DIV>

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

<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- link2 "Consumer Electronics" -->
<DIV align="left"><A NAME="004"></A></DIV>

<P align="left" style="font-size: 12pt">Consumer Electronics


<P align="left" style="font-size: 10pt">Consumer Electronics: key data


<P align="left" style="font-size: 10pt">in millions of euros unless otherwise stated


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="80%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Q2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Q2</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>2005</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,288</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,259</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Sales growth</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">% nominal</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(1</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">% comparable</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">19</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(2</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income from operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">53</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>62</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">as a % of sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2.3</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2.7</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net operating capital (NOC)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">133</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>232</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Number of employees (FTEs)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17,716</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>16,746</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>


<P align="left" style="font-size: 10pt">Business highlights



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&#149;</TD>
<TD width="1%">&nbsp;</TD>
<TD>WalMart named Philips &#147;International Supplier of the Year&#148;
due to a significant improvement in the consumer electronics
business at its Sam&#146;s stores in the United States in 2004.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&#149;</TD>
<TD width="1%">&nbsp;</TD>
<TD>Philips won an IDEA Award for the Ambilight Flat TV in
Business Week&#146;s 2005 Industrial Design Excellence Awards.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&#149;</TD>
<TD width="1%">&nbsp;</TD>
<TD>Hong Kong&#146;s Business Environment Council gave Eco-Product
Awards to three portable Philips products.</TD>
</TR>

</TABLE>

<P align="left" style="font-size: 10pt"><IMG src="u49135u4913510.gif" alt="(SALES CHART)">



<P align="left" style="font-size: 10pt">Financial performance



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&#149;</TD>
<TD width="1%">&nbsp;</TD>
<TD>Sales amounted to EUR 2,259&nbsp;million, a decline of 2% on a
comparable basis. Both Connected Displays and Home
Entertainment Networks posted comparable growth while
Licenses recorded a decline in sales. North America (aided by
favorable performance in Flat TV) and Latin America posted
strong sales. In Europe, sales were hampered by a weakened
consumer retail environment.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&#149;</TD>
<TD width="1%">&nbsp;</TD>
<TD>Licenses&#146; income from operations amounted to EUR 56&nbsp;million
(including EUR 16&nbsp;million for past use), which is EUR 31
million lower than in Q2 2004, mainly due to lower past-use
income.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&#149;</TD>
<TD width="1%">&nbsp;</TD>
<TD>Income from operations (excluding Licenses) was EUR 6&nbsp;million, an improvement of EUR 40
million on Q2 2004. The increase was mainly driven by a better performance of Home
Entertainment Networks and lower restructuring charges. Restructuring charges amounted to EUR
8&nbsp;million in Q2 2005 compared to EUR 18&nbsp;million in Q2 2004.</TD>
</TR>

</TABLE>

<P align="left" style="font-size: 10pt"><IMG src="u49135u4913511.gif" alt="(INCOME FROM OPERATIONS CHART)">



<P align="left" style="font-size: 10pt">Looking ahead



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&#149;</TD>
<TD width="1%">&nbsp;</TD>
<TD>The agreement with TPV
Technology Limited is expected to be closed
in Q3 2005.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&#149;</TD>
<TD width="1%">&nbsp;</TD>
<TD>Demand in Europe is expected to remain weak. Retail channels
appear somewhat overstocked, predominantly with B and C
brands.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&#149;</TD>
<TD width="1%">&nbsp;</TD>
<TD>In connection with the Business Renewal Program,
restructuring charges of approximately EUR 40&nbsp;million and EUR
20&nbsp;million are expected in Q3 and Q4 respectively.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&#149;</TD>
<TD width="1%">&nbsp;</TD>
<TD>In spite of weak markets, CE (including Licenses) is on track
to achieve its profitability target of 4 &#150; 4.5% by the end of
2005.</TD>
</TR>

</TABLE>


<P align="right" style="font-size: 10pt">10
</DIV>


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



<!-- link1 "Lighting " -->
<DIV align="left"><A NAME="005"></A></DIV>
<P align="left" style="font-size: 12pt">Lighting



<P align="left" style="font-size: 10pt">Lighting: key data


<P align="left" style="font-size: 10pt">in millions of euros unless otherwise stated

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="80%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Q2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Q2</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>2005</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,079</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,116</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Sales growth</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">% nominal</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">% comparable</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>4</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income from operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">135</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>120</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">as a % of sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12.5</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>10.8</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net operating capital (NOC)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,641</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,702</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Number of employees (FTEs)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">44,516</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>42,977</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<P align="left" style="font-size: 10pt"><IMG src="u49135u4913512.gif" alt="(LIGHTING SALES CHART)">


<P align="left" style="font-size: 10pt"><IMG src="u49135u4913513.gif" alt="(LIGHTING INCOME FROM OPERATIONS CHART)">


<P align="left" style="font-size: 10pt">Business highlights



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Philips announced a EUR 40&nbsp;million investment at its global
competence center for fluorescent lighting in Roosendaal, the
Netherlands. This sum is to be invested in LCD backlighting
technology, which is used to improve the picture quality of
LCD widescreen televisions.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Philips and German company Novaleds achieved a new efficiency
record for high-brightness white OLEDs (Organic
Light-Emitting Diodes) &#150; a new solid-state lighting
technology incorporating organic materials to create a
diffuse, adaptable lighting environment.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In four major European countries, Philips launched a marketing campaign focused on Dynamic
Lighting &#150; a new concept in office lighting designed to enhance well-being, motivation and
performance in an office setting.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt">Financial performance



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>On a comparable basis, sales increased 4%, led by Lamps and
Luminaires. Automotive, Special Lighting &#038; UHP, suffering
from a weakened market for consumer applications in North
America, posted a 2% decline on a comparable basis. All
regions showed comparable sales growth except North America.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Income from operations totaled EUR 120&nbsp;million, a decrease of
EUR 15&nbsp;million compared with Q2 2004. The decrease was mainly
attributable to additional R&#038;D expenditure for LCD
backlighting and solid-state lighting technologies.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt">Looking ahead


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Markets for consumer applications in North America are
expected to remain weak.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Strict cost control and optimization of supply chain
management will remain a priority.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The division will continue to invest in innovative sectors
via increased R&#038;D and capital expenditures for solid-state
lighting and LCD backlighting.</TD>
</TR>

</TABLE>


<P align="right" style="font-size: 10pt">11
</DIV>

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

<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- link1 "Semiconductors" -->
<DIV align="left"><A NAME="006"></A></DIV>
<P align="left" style="font-size: 12pt">Semiconductors


<P align="left" style="font-size: 12pt">Semiconductors: key data



<P align="left" style="font-size: 10pt">in millions of euros unless otherwise stated

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="80%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Q2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Q2</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>2005</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,161</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,088</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Sales growth</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">% nominal</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">32</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(6</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">% comparable</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">32</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(6</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income from operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">134</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>27</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">as a % of sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11.5</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2.5</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net operating capital (NOC)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,034</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,629</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Number of employees (FTEs)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">33,448</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>35,682</B></TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<P align="left" style="font-size: 10pt"><IMG src="u49135u4913514.gif" alt="(SEMICONDUCTORS SALES CHART)">


<P align="left" style="font-size: 10pt"><IMG src="u49135u4913515.gif" alt="(SEMICONDUCTORS INCOME FROM OPERATIONS CHART)">


<P align="left" style="font-size: 10pt">Business highlights


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The German government selected Philips to provide contactless
smart-card chips for use in the country&#146;s smart passports.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Philips reaches milestone &#150; 15&nbsp;million digital tuner chips
sold worldwide for set-top boxes and digital television. This
represents over 30% of the total number of tuner chips sold
worldwide since 2003.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Semiconductors businesses regrouped into four units &#150; Automotive &#038;
Identification, Mobile &#038; Personal, Home and MultiMarket Semiconductors &#150; to
strengthen the division&#146;s customer orientation and respond to customer needs
more effectively.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Philips and Microsoft announced a set of long-term
non-exclusive agreements to facilitate the seamless
flow of digital entertainment content between
Windows<SUP>&#174;</SUP>-based PCs and products equipped
with Philips&#146; Nexperia<SUP>&#174;</SUP> semiconductors.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt">Financial performance


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Sales declined by 6% on both a nominal and comparable basis,
as the last cycle peaked in Q2 2004. Sequentially, sales grew
by 3% in US dollar terms.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>At 1.00, the book-to-bill ratio at the end of Q2 was
virtually unchanged from 1.01 at the end of Q1.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The utilization rate improved slightly from 75% in Q1 2005 to
77% in Q2, compared with 99% in Q2 2004.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The lower income from operations compared to Q2 2004 is
attributable to lower sales activity, lower margins and a
lower build-up of inventories, coupled with higher costs.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Compared to Q1 2005, income from operations was positively
impacted by the higher sales activity and the stronger
dollar.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt">Looking ahead


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Mid-single-digit sequential growth in sales (in US dollar terms) is expected in Q3
2005.</TD>
</TR>

</TABLE>


<P align="right" style="font-size: 10pt">12
</DIV>

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

<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- link1 "Other Activities " -->
<DIV align="left"><A NAME="007"></A></DIV>
<P align="left" style="font-size: 12pt">Other Activities



<P align="left" style="font-size: 10pt">Other Activities: key data


<P align="left" style="font-size: 10pt">in millions of euros unless otherwise stated

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="80%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Q2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Q2</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>2005</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">868</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>665</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Sales growth</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">% nominal</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">18</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(23</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">% comparable</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">18</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(10</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">IFO Corporate Technology</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(75</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(44</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">IFO Corp. Investments and others</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">29</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(27</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income (loss)&nbsp;from operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(46</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(71</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">as a % of sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(5.3</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(10.7</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net operating capital (NOC)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">359</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>711</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Number of employees (FTEs)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">28,823</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>22,329</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<P align="left" style="font-size: 10pt"><IMG src="u49135u4913516.gif" alt="(OTHER ACTIVITIES SALES CHART)">


<P align="left" style="font-size: 10pt"><IMG src="u49135u4913517.gif" alt="(OTHER INCOME (LOSS) FROM OPERATIONS CHART)">


<P align="left" style="font-size: 10pt">Business highlights


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Philips received four IDEA design awards from Business Week
 &#150; one Gold award, two Silver and one Bronze &#150; in particular
for its Ambient Experience medical suite.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In China, Philips concluded its 120th DVD video player patent
license agreement and its 20th DVD video recorder patent
license agreement, signs of China&#146;s growing success in the
global DVD market.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The New York Intellectual Property Law Association (NYIPLA)
named Philips researchers Dr Karen Trovato and Dr Leo Dorst
&#147;2005 Inventor of the Year&#148; for their algorithm that
optimizes computerized route-planning.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt">Financial performance Corporate Technology


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Corporate Technology&#146;s income from operations improved by EUR 31&nbsp;million compared with
Q2 2004. Lower R&#038;D spending, coupled with some incidentals, positively impacted the result,
partly offset by restructuring charges of EUR 9&nbsp;million.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt">Financial performance Corp. Investments/others


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Corporate Investments&#146; income from operations deteriorated
compared to Q2 2004 due to lower results for the operational
businesses and restructuring charges of EUR 9&nbsp;million.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Comparable sales at MDS declined 36% compared to Q2 2004,
resulting in a loss from operations.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The income from operations of Optical Storage was impacted by
high price pressure and additional license costs.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The deconsolidation of NAVTEQ also reduced income compared to
Q2 2004.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt">Looking ahead


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In Corporate Investments and MDS, sales are expected to
remain under pressure in Q3 2005.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Restructuring charges of approximately EUR 15&nbsp;million are
expected in Q3 2005.</TD>
</TR>

</TABLE>


<P align="right" style="font-size: 10pt">13
</DIV>

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

<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- link1 "Unallocated " -->
<DIV align="left"><A NAME="008"></A></DIV>
<P align="left" style="font-size: 12pt">Unallocated



<P align="left" style="font-size: 10pt">Unallocated: key data


<P align="left" style="font-size: 10pt">in millions of euros unless otherwise stated

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="80%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Q2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Q2</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>2005</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Corporate and regional overheads</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(74</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(87</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Pensions/postretirement benefit costs</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(24</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(36</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Global brand campaign</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(69</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income (loss)&nbsp;from operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(98</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(192</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Number of employees (FTEs)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,656</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,500</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<P align="left" style="font-size: 10pt"><IMG src="u49135u4913518.gif" alt="(UNALLOCATED: CORPORATE AND REGIONAL OVERHEADS INCOME (LOSS) FROM OPERATIONS (IFO) CHART)">


<P align="left" style="font-size: 10pt"><IMG src="u49135u4913519.gif" alt="(UNALLOCATED: PENSIONSPOSTRETIREMENT BENEFIT COSTS INCOME (LOSS) FROM OPERATIONS CHART)">


<P align="left" style="font-size: 10pt"><IMG src="u49135u4913520.gif" alt="(UNALLOCATED: GLOBAL BRAND CAMPAIGN INCOME (LOSS) FROM OPERATIONS CHART)">


<P align="left" style="font-size: 10pt">Business highlights


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In India, Philips launched the DISHA project to make
technology innovations in healthcare and lifestyle accessible
and affordable to the less privileged.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Philips launched the second wave of its global brand
campaign, which was extended to include Brazil, Spain, India
and Russia.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt">Financial performance


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For the sake of transparency, the total spend of the Philips
Group related to the global brand campaign is now being
reported under &#147;Global brand campaign&#148;. The financials for
the product divisions in Q3 and Q4 2004 have been restated
accordingly.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In Q2 2005 corporate and regional overheads income from
operations included higher investments in projects enabling
future cost reduction compared to Q2 2004 and Q1 2005.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Pension costs were EUR 12&nbsp;million higher than in Q2 2004, mainly due to the release of an
early-retirement provision in Q2 2004.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt">Looking ahead


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Investments in the global brand are expected to be approximately EUR 20&nbsp;million in Q3 2005.<BR></TD>
</TR>

</TABLE>


<P align="right" style="font-size: 10pt">14
</DIV>

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

<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- link1 "LG.Philips Displays joint venture (100%) " -->
<DIV align="left"><A NAME="009"></A></DIV>
<P align="left" style="font-size: 12pt">LG.Philips Displays joint venture (100%)



<P align="left" style="font-size: 10pt">LG.Philips Displays joint venture (100%)


<P align="left" style="font-size: 10pt">in millions of euros unless otherwise stated

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="80%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Q2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>Q2</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>2005</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">859</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>588</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Sales growth</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">% nominal</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(32</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income (loss)&nbsp;from operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">46</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(7</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">as a % of sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5.4</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(1.2</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net income (loss) (100%)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(22</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net income (loss)
(Philips share = 50%)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(11</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net operating capital (NOC)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,476</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,178</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Number of employees (FTEs)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">24,548</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>20,593</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<P align="left" style="font-size: 10pt"><IMG src="u49135u4913521.gif" alt="(LG.PHILIPS DISPLAYS JOINT VENTURE (100%) SALES CHART)">


<P align="left" style="font-size: 10pt"><IMG src="u49135u4913522.gif" alt="(LG.PHILIPS DISPLAYS JOINT VENTURE (100%) INCOME (LOSS) FROM OPERATIONS (IFO) CHART)">


<P align="left" style="font-size: 10pt">Financial performance


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Sales declined by 32% compared to Q2 2004, mainly due to strong price
erosion coupled with further
market decline.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Restructuring charges totaled EUR 4&nbsp;million, half the level
of Q2 2004.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Philips&#146; share in the net loss was EUR 11&nbsp;million, a decline
of EUR 15&nbsp;million compared to Q2 2004.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt">Looking ahead


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Implications of the most recent market developments are being studied and could
require additional restructuring programs.</TD>
</TR>

</TABLE>


<P align="right" style="font-size: 10pt">15
</DIV>

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

<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- link1 "Highlights in the 1<SUP style="font-size: 85%; vertical-align: text-top">st</SUP> six months " -->
<DIV align="left"><A NAME="010"></A></DIV>
<P align="left" style="font-size: 12pt">Highlights in the 1<SUP style="font-size: 85%; vertical-align: text-top">st</SUP> six months



<P align="left" style="font-size: 10pt">The 1<SUP style="font-size: 85%; vertical-align: text-top">st</SUP> six months of 2005



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Net profit EUR 1,100&nbsp;million</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Comparable sales up 1%, driven by Medical Systems, Lighting and DAP</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Income from operations EUR 340&nbsp;million</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Unconsolidated companies contributed EUR 844&nbsp;million to net income
<TR>
<TR>
    <TD>&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Net debt : group equity ratio 8:92</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt">Net income


<P align="left" style="font-size: 10pt">in millions of euros

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="70%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">January-</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">January-</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>January-</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">June</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">June</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>June</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2003</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>2005</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13,031</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13,911</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>13,722</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income from operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">574</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>340</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">as a % of sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4.1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2.5</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Financial income and expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(162</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(131</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(105</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income taxes</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">59</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(133</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>39</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Results unconsolidated
companies</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">84</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">887</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>844</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Minority interests</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(14</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(31</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(18</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net income (loss)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(27</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,166</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,100</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Per common
share &#150; basic</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(0.02</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.91</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>0.87</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 10pt">Management summary


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Net income was a profit of EUR 1,100&nbsp;million, compared to EUR
1,166&nbsp;million in the first half of 2004.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Sales amounted to EUR 13,722&nbsp;million, 1% lower than in the
same period last year. The weaker US dollar and
dollar-related currencies, together with (de)consolidation
changes (mainly NAVTEQ), had a downward effect of 2%.
Consequently, comparable sales were 1% higher than in the
corresponding period of 2004.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Comparable sales grew at Medical Systems (6%), Lighting
(5%), DAP (5%) and CE (2%). This growth was partially offset
by weaker sales at Semiconductors and MDS.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Income from operations was a profit of EUR 340&nbsp;million,
compared to a profit of EUR 574&nbsp;million in the same period
last year. Restructuring and total impairment charges totaled
EUR 78&nbsp;million, compared to EUR 66&nbsp;million in the first half
of 2004. Pension costs amounted to EUR 125&nbsp;million, compared
to EUR 177&nbsp;million in the same period last year.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Unconsolidated companies contributed EUR 844&nbsp;million to net
income, compared to EUR 887&nbsp;million in the first six months
of 2004. The sale of NAVTEQ shares contributed EUR 753
million to net income, while the results of LG.Philips LCD
were EUR 490&nbsp;million lower than in the corresponding period
of last year. Q2 2004 also included a net license gain of EUR
99&nbsp;million related to InterTrust Technologies Corp. and a
dilution gain of EUR 156&nbsp;million on Philips&#146; participation in
Atos Origin.</TD>
</TR>

</TABLE>



<P align="right" style="font-size: 10pt">16
</DIV>

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

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



<!-- link1 "Other information " -->
<DIV align="left"><A NAME="011"></A></DIV>
<P align="left" style="font-size: 12pt">Other information



<P align="left" style="font-size: 10pt">Subsequent event


<P align="left" style="font-size: 10pt">Philips announced on July&nbsp;14, 2005 that it has sold its remaining stake of approximately
10.3&nbsp;million shares in Atos Origin. The transaction will provide Philips with proceeds of
approximately EUR 550&nbsp;million, and will result in a non-taxable gain of approximately EUR 190
million in the third quarter.


<P align="left" style="font-size: 10pt">Prior to this transaction, Philips&#146; holding represented 15.4% of Atos Origin&#146;s outstanding
shares. Following this transaction, Philips no longer has a stake in Atos Origin.



<P align="right" style="font-size: 10pt">17
</DIV>

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

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



<!-- link1 "Outlook " -->
<DIV align="left"><A NAME="012"></A></DIV>
<P align="left" style="font-size: 12pt">Outlook



<P align="left" style="font-size: 10pt">Outlook


<P align="left" style="font-size: 10pt">We remain cautious as regards the business outlook for the immediate future. In many
parts of the world, growth is slowing down. In Europe in particular, the consumer retail
environment is weak, impacting our growth ambitions in the short term.


<P align="left" style="font-size: 10pt">We expect that Medical Systems will continue to record solid performance improvements based
on operational efficiency, innovation and a strong order intake. Defying adverse market
conditions, Consumer Electronics remains on track to achieve its 4
&#150; 4.5% profitability
target by the end of the year. Despite softness in certain key markets, Lighting and DAP will continue to deliver solid
performances and will grow through innovation. For Semiconductors, we do not expect to see
any significant upturn in market conditions in the short term.


<P align="left" style="font-size: 10pt">We will continue to focus on innovation across the group, and on products with higher margins
in markets offering greater scope for growth. At the same time, we will step up our efforts
to improve both our cost structure and supply chain management. We will sustain our investments in strengthening our brand, with a tightened
focus to ensure maximum impact.


<P align="left" style="font-size: 10pt">Amsterdam, July&nbsp;18, 2005



<P align="left" style="font-size: 10pt">Board of Management


<P align="right" style="font-size: 10pt">18
</DIV>

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

<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- link1 "Consolidated statements of income" -->
<DIV align="left"><A NAME="013"></A></DIV>
<P align="left" style="font-size: 12pt">Consolidated statements of income



<P align="left" style="font-size: 10pt">all amounts in millions of euros unless otherwise stated

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="60%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6" style="border-bottom: 1px solid #000000">2<SUP style="font-size: 85%; vertical-align: text-top">nd</SUP> quarter</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6" style="border-bottom: 1px solid #000000">January to June</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2005</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2005</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,280</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>7,087</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13,911</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>13,722</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cost of sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(4,842</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(4,784</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(9,280</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(9,278</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Gross margin</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,438</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,303</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,631</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>4,444</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Selling expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1,087</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(1,174</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(2,092</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(2,182</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">General and administrative expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(331</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(331</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(692</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(638</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Research and development expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(654</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(642</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1,268</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(1,262</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Impairment of goodwill</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(14</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>&#151;</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(14</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>&#151;</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Restructuring and impairment charges</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(36</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(33</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(52</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(78</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other business income (expense)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">40</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>24</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">61</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>56</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Income from operations</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">356</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>147</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">574</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>340</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Financial income and expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(65</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(57</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(131</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(105</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income before taxes</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">291</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>90</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">443</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>235</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income tax (expense)&nbsp;benefit</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(87</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>83</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(133</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>39</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income after taxes</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">204</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>173</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">310</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>274</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Results relating to unconsolidated
companies, including a net dilution loss of EUR&nbsp;24&nbsp;million in the 2<SUP style="font-size: 85%; vertical-align: text-top">nd</SUP>
quarter of 2005 (gain of EUR 156&nbsp;million in
the 1<SUP style="font-size: 85%; vertical-align: text-top">st</SUP> quarter of 2004)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">430</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>822</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">887</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>844</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Minority interests</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(18</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(12</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(31</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(18</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Net income</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">616</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>983</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,166</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,100</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income from operations as a % of sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2.1</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4.1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2.5</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Weighted average number of common shares
outstanding (after deduction of treasury
stock) during the period (in thousands):</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>&#149;</B> basic</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,280,034</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,265,804</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>&#149;</B> diluted</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,283,941</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,267,986</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net income per common share in euros:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>&#149;</B> basic</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.48</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>0.78</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.91</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>0.87</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>&#149;</B> diluted</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.48</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>0.78</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.91</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>0.87</B></TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="right" style="font-size: 10pt">19
</DIV>

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

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



<!-- link1 "Consolidated balance sheets and additional ratios " -->
<DIV align="left"><A NAME="014"></A></DIV>
<P align="left" style="font-size: 12pt">Consolidated balance sheets and additional ratios



<P align="left" style="font-size: 10pt">all amounts in millions of euros unless otherwise stated

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="70%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">June 30,</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">December 31,</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>June 30,</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>2005</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Current assets:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Cash and cash equivalents</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,434</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,349</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,005</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Receivables</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,863</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,528</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>4,911</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Inventories</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,738</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,230</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>4,000</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Other current assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,050</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,216</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>963</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total current assets</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12,085</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13,323</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>12,879</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Non-current assets:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Investments in unconsolidated companies</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,910</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,670</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>6,031</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Other non-current financial assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,316</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">876</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>924</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Non-current receivables</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">252</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">227</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>165</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Other non-current assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,492</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,823</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,231</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Property, plant and equipment</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,394</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,997</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>5,034</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Intangible assets excluding goodwill</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,192</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">989</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,010</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Goodwill</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,581</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,818</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,044</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total assets</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">31,222</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30,723</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>31,318</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Current liabilities:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Accounts and notes payable</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,362</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,499</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,348</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Accrued liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,163</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,307</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,254</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Short-term provisions</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">884</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">781</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>783</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Other current liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">646</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">627</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>569</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Short-term debt</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,127</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">961</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>815</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total current liabilities</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,182</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,175</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>8,769</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Non-current liabilities:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Long-term debt</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,019</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,552</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,651</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Long-term provisions</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,014</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,117</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,130</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Other non-current liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">736</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">736</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>756</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total liabilities</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16,951</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">15,580</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>15,306</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Minority interests</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">327</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">283</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>335</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Stockholders&#146; equity</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13,944</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14,860</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>15,677</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total liabilities and equity</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">31,222</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30,723</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>31,318</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Number of common shares outstanding (after
deduction of treasury stock) at the end of
period (in thousands)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,279,958</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,281,527</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,247,475</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Ratios</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Stockholders&#146; equity per common share in euros</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10.89</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11.60</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>12.57</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Inventories as a % of sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12.5</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10.7</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>13.3</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net debt: group equity ratio</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">21:79</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1:99</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>8:92</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net operating capital</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,062</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,192</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>8,631</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Employees at end of period</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">165,615</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">161,586</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>159,709</B></TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="right" style="font-size: 10pt">20
</DIV>

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

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



<!-- link1 "Consolidated statements of cash flows<SUP style="font-size: 85%; vertical-align: text-top">*</SUP> " -->
<DIV align="left"><A NAME="015"></A></DIV>
<P align="left" style="font-size: 12pt">Consolidated statements of cash flows<SUP style="font-size: 85%; vertical-align: text-top">*</SUP>



<P align="left" style="font-size: 10pt">all amounts in millions of euros

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="60%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6" style="border-bottom: 1px solid #000000">2nd quarter</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6" style="border-bottom: 1px solid #000000">January to June</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2005</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2005</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><I>Cash flows from operating activities:</I></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Net income</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">616</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>983</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,166</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,100</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Adjustments to reconcile net income
to net cash provided by (used for)
operating activities:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Depreciation and amortization</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">418</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>379</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">796</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>741</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Impairment of equity investments</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>&#151;</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>&#151;</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net gain on sale of assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(28</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(760</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(45</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(777</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Unconsolidated companies (net of
dividends received)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(423</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(69</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(877</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(2</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Minority interests (net of dividends paid)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>12</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">24</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>18</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Increase in working capital/other current
assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(404</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(274</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(640</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(1,081</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">(Increase) decrease in non-current
receivables/other assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(63</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(134</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">104</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(223</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Decrease in provisions</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(67</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(92</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(74</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(101</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other items</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(8</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>11</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Net cash provided by (used for) operating
activities</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">62</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>37</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">466</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(314</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><I>Cash flows from investing activities:</I></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Purchase of intangible assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(16</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(29</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(30</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(43</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Capital expenditures on property, plant
and equipment</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(350</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(221</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(622</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(447</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Proceeds from disposals of property,
plant and equipment</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">70</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>40</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">97</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>77</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cash from/to derivatives</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">29</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(24</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">37</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(33</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Proceeds from sale (purchase)&nbsp;of other
non-current financial assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(2</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Proceeds from sale (purchase)&nbsp;of
businesses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(40</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>920</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(58</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>846</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Net cash (used for) provided by investing
activities</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(307</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>688</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(570</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>398</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Cash flows before financing activities</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(245</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>725</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(104</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>84</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><I>Cash flows from financing activities:</I></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Increase (decrease)&nbsp;in debt</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">21</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(197</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(191</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(326</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Treasury stock transactions</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(285</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(34</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(699</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Dividends paid</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(460</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(504</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(460</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(504</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Net cash used for financing activities</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(426</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(986</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(685</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(1,529</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Decrease in cash and cash equivalents</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(671</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(261</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(789</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(1,445</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Effect of change in consolidations on
cash positions</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>&#151;</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">117</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>&#151;</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Effect of changes in exchange rates on
cash positions</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>56</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">34</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>101</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cash and cash equivalents at beginning of
period</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,105</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,210</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,072</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>4,349</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Cash and cash equivalents at end of period</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,434</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,005</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2.434</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,005</B></TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

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

<TR valign="top">
    <TD width="3%" nowrap align="left">*</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="96%">For a number of reasons, principally the effects of translation differences and consolidation changes, certain items in the statements of
cash flows do not correspond to the differences between the balance sheet amounts for the respective items.</TD>
</TR>

</TABLE>




<P align="right" style="font-size: 10pt">21
</DIV>

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

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


<!-- link1 "Consolidated statement of changes in stockholders&#146; equity " -->
<DIV align="left"><A NAME="016"></A></DIV>
<P align="left" style="font-size: 12pt">Consolidated statement of changes in stockholders&#146; equity



<P align="left" style="font-size: 10pt">all amounts in millions of euros




<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="42" style="border-bottom: 1px solid #000000">January to June 2005</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="18" style="border-bottom: 1px solid #000000">Accumulated other comprehensive income (loss)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6" style="border-bottom: 1px solid #000000">Treasury shares at cost</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Unrealized</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Capital</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">gain (loss) on</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Additional</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Changes in</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">To hedge</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">To cover</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">in excess</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Currency</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">available-</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">minimum</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">fair value of</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">share-based</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">capital</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Total</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Common</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">of par</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Retained</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">translation</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">for-sale</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">pension</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">cash flow</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">compensation</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">reduction</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">stockholders&#146;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">stock</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">value</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">earnings</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">differences</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">securities</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">liability</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">hedges</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">Total</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">plans</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">program</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">equity</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Balance as of December&nbsp;31, 2004</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">263</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">97</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">19,346</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(3,407</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">174</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(429</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">55</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(3,607</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1,239</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14,860</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net income</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,100</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,100</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net current period change</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,011</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(6</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(31</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(75</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">899</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">899</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Reclassifications into income</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(13</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total comprehensive income
(loss), net of tax</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,100</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,028</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(6</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(31</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(88</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">903</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,003</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Dividend payable</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(504</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(504</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Purchase of treasury stock</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(250</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(500</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(750</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Re-issuance of treasury stock</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(54</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">105</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">51</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Share-based compensation plans</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="45" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Balance as of June&nbsp;30, 2005</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>263</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>60</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>19,942</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(2,379</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>168</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(460</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(33</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(2,704</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(1,384</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(500</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>15,677</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="right" style="font-size: 10pt">22
</DIV>

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

<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- link1 "Product sectors" -->
<DIV align="left"><A NAME="017"></A></DIV>
<P align="left" style="font-size: 12pt">Product sectors



<P align="left" style="font-size: 10pt">all amounts in millions of euros unless otherwise stated


<P align="left" style="font-size: 10pt">Sales and income from operations

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="22" style="border-bottom: 1px solid #000000">2<SUP style="font-size: 85%; vertical-align: text-top">nd</SUP> quarter</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="10" style="border-bottom: 1px solid #000000">2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="10" style="border-bottom: 1px solid #000000">2005</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Sales</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6" style="border-bottom: 1px solid #000000">Income (loss) from operations</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Sales</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6" style="border-bottom: 1px solid #000000">Income (loss) from operations</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">amount</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">as a % of sales</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">amount</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">as a % of sales</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Medical Systems</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,428</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">132</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9.2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,498</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>157</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>10.5</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">DAP</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">456</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">46</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10.1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>461</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>44</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>9.5</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Consumer Electronics</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,288</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">53</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2.3</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,259</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>62</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2.7</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Lighting</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,079</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">135</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12.5</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,116</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>120</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>10.8</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Semiconductors</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,161</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">134</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11.5</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,088</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>27</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2.5</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other Activities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">868</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(46</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(5.3</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>665</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(71</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(10.7</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Unallocated</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(98</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(192</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="7" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,280</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">356</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>7,087</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>147</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2.1</B></TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="22" style="border-bottom: 1px solid #000000">January to June</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="10" style="border-bottom: 1px solid #000000">2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="10" style="border-bottom: 1px solid #000000">2005</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Sales</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6" style="border-bottom: 1px solid #000000">Income (loss) from operations</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Sales</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6" style="border-bottom: 1px solid #000000">Income (loss) from operations</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">amount</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">as a % of sales</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">amount</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">as a % of sales</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Medical Systems</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,686</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">224</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8.3</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,783</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>257</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>9.2</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">DAP</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">849</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">90</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10.6</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>888</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>100</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>11.3</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Consumer Electronics</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,299</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">112</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2.6</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>4,412</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>108</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2.4</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Lighting</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,156</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">300</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,244</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>269</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>12.0</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Semiconductors</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,200</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">203</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9.2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,100</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>41</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2.0</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other Activities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,721</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(103</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(6.0</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,295</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(144</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(11.1</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Unallocated</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(252</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(291</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="7" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13,911</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">574</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4.1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>13,722</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>340</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2.5</B></TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="right" style="font-size: 10pt">23
</DIV>

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

<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- link1 "Product sectors and main countries" -->
<DIV align="left"><A NAME="018"></A></DIV>
<P align="left" style="font-size: 12pt">Product sectors and main countries



<P align="left" style="font-size: 10pt">all amounts in millions of euros


<P align="left" style="font-size: 10pt">Sales and total assets

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="60%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6" style="border-bottom: 1px solid #000000">Sales</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6" style="border-bottom: 1px solid #000000">Total assets</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6" style="border-bottom: 1px solid #000000">January to June</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6" style="border-bottom: 1px solid #000000">June 30,</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2005</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2005</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Medical Systems</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,686</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,783</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,627</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>5,217</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">DAP</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">849</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>888</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">888</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>911</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Consumer Electronics</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,299</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>4,412</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,500</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,627</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Lighting</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,156</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,244</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,539</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,678</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Semiconductors</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,200</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,100</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,384</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,922</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other Activities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,721</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,295</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,843</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>7,819</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Unallocated</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,441</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>8,144</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13,911</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>13,722</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">31,222</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>31,318</B></TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 10pt">Sales and long-lived assets

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="60%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6" style="border-bottom: 1px solid #000000">Sales</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6" style="border-bottom: 1px solid #000000">Long-lived assets *</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6" style="border-bottom: 1px solid #000000">January to June</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6" style="border-bottom: 1px solid #000000">June 30,</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2005</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2005</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Netherlands</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">560</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>497</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,541</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,472</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">United States</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,253</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,335</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,984</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,157</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Germany</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,106</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,047</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">595</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>550</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">France</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">892</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>814</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">195</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>193</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">United Kingdom</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">552</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>506</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">244</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>191</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">China</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,436</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,325</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">386</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>454</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other countries</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,112</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>6,198</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,222</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,071</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13,911</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>13,722</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,167</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>8,088</B></TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

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

<TR valign="top">
    <TD width="3%" nowrap align="left">*</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="96%">Includes property, plant and equipment and intangible assets</TD>
</TR>

</TABLE>



<P align="right" style="font-size: 10pt">24
</DIV>

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

<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- link1 "Pension costs" -->
<DIV align="left"><A NAME="019"></A></DIV>
<P align="left" style="font-size: 12pt">Pension costs



<P align="left" style="font-size: 10pt">all amounts in millions of euros unless otherwise stated


<P align="left" style="font-size: 10pt">Net periodic pension costs of defined-benefit plans

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="60%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6" style="border-bottom: 1px solid #000000">2<SUP style="font-size: 85%; vertical-align: text-top">nd</SUP> quarter 2005</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6" style="border-bottom: 1px solid #000000">January-June 2005</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">Netherlands</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">Other</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">Netherlands</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">Other</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Service cost</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">52</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">35</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">105</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">64</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Interest cost on the projected benefit
obligation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">140</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">98</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">279</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">190</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Expected return on plan assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(184</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(91</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(368</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(177</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Amortization of unrecognized transition
obligation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net actuarial (gain)&nbsp;loss recognized</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(7</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(14</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Amortization of prior service cost</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(14</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(28</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Settlement loss</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Net periodic cost (income)</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(13</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>63</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(26</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>117</B></TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 10pt">The net periodic pension costs in the second quarter of 2005 amounted to EUR 66&nbsp;million, of which EUR 50&nbsp;million for defined-benefit plans (the Netherlands
income of EUR 13&nbsp;million, other countries cost of EUR 63&nbsp;million) and EUR 16&nbsp;million related to defined-contribution plans outside the Netherlands.


<P align="left" style="font-size: 10pt">Net periodic costs of postretirement benefits other than pensions

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="60%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6" style="border-bottom: 1px solid #000000">2<SUP style="font-size: 85%; vertical-align: text-top">nd</SUP> quarter 2005</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6" style="border-bottom: 1px solid #000000">January-June 2005</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">Netherlands</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">Other</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">Netherlands</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">Other</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Service cost</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Interest cost on the accumulated
postretirement benefit obligation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Amortization of unrecognized transition
obligation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net actuarial loss recognized</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Curtailment loss</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Net periodic cost</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>12</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>9</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>22</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>18</B></TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="right" style="font-size: 10pt">25
</DIV>

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

<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- link1 "Consolidated statements of income in accordance with IFRS" -->
<DIV align="left"><A NAME="020"></A></DIV>
<P align="left" style="font-size: 12pt">Consolidated statements of income
in accordance with IFRS



<P align="left" style="font-size: 10pt">all amounts in millions of euros unless otherwise stated

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="60%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6" style="border-bottom: 1px solid #000000">2<SUP style="font-size: 85%; vertical-align: text-top">nd</SUP> quarter</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6" style="border-bottom: 1px solid #000000">January to June</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2005</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2005</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,280</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>7,087</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13,911</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>13,722</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cost of sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(4,851</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(4,798</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(9,298</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(9,304</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Gross margin</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,429</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,289</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,613</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>4,418</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Selling expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1,089</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(1,160</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(2,096</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(2,170</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">General and administrative expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(357</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(359</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(744</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(700</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Research and development expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(615</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(576</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1,184</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(1,127</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Impairment of goodwill</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(14</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>&#151;</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(14</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>&#151;</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Restructuring and impairment charges</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(36</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(33</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(52</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(78</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other business income (expense)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">51</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>19</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">69</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>42</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Income from operations</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">369</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>180</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">592</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>385</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Financial income and expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(65</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(58</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(131</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(107</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income before taxes</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">304</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>122</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">461</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>278</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income tax (expense)&nbsp;benefit</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(91</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>72</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(139</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>25</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income after taxes</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">213</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>194</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">322</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>303</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Results relating to unconsolidated
companies, including a net dilution loss of
EUR&nbsp;24&nbsp;million in the 2<SUP style="font-size: 85%; vertical-align: text-top">nd</SUP>
quarter of 2005 (gain of EUR&nbsp;156&nbsp;million in
the 1<SUP style="font-size: 85%; vertical-align: text-top">st</SUP> quarter of 2004)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">424</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>798</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">875</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>820</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Minority interests</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(18</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(12</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(31</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(19</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Net income</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">619</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>980</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,166</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,104</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income from operations as a % of sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5.1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2.5</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4.3</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2.8</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Weighted average number of common shares
outstanding (after deduction of treasury
stock) during the period (in thousands)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>&#149;</B> basic</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,280,034</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,265,804</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>&#149;</B> diluted</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,283,941</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,267,986</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net income per common share in euros:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>&#149;</B> basic</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.48</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>0.78</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.91</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>0.87</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>&#149;</B> diluted</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.48</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>0.78</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.91</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>0.87</B></TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="right" style="font-size: 10pt">26
</DIV>

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

<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- link1 "Consolidated balance sheets and additional ratios in accordance with IFRS" -->
<DIV align="left"><A NAME="021"></A></DIV>
<P align="left" style="font-size: 12pt">Consolidated balance sheets and additional ratios
in accordance with IFRS



<P align="left" style="font-size: 10pt">all amounts in millions of euros unless otherwise stated

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="70%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">June 30,</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">December 31,</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>June 30,</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>2005</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Current assets:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Cash and cash equivalents</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,434</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,349</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,005</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Receivables</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,863</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,528</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>4,911</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Inventories</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,738</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,230</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>4,000</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Other current assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">518</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">883</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>586</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total current assets</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11,553</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12,990</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>12,502</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Non-current assets:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Investments in unconsolidated companies</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,651</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,441</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>5,763</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Other non-current financial assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,316</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">876</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>924</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Non-current receivables</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">252</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">227</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>165</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Other non-current assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,115</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,122</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,340</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Property, plant and equipment</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,429</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,028</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>5,063</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Intangible assets excluding goodwill</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,380</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,324</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,497</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Goodwill</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,178</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,463</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,645</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total assets</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30,874</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30,471</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>30,899</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Current liabilities:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Accounts and notes payable</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,362</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,499</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,348</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Accrued liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,077</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,231</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,191</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Short-term provisions</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,050</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">976</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,010</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Other current liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">646</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">627</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>569</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Short-term debt</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,128</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">962</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>816</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total current liabilities</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,263</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,295</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>8,934</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Non-current liabilities:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Long-term debt</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,054</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,583</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,679</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Long-term provisions</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,231</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,237</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,128</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Other non-current liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">913</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">832</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>840</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total liabilities</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17,461</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">15,947</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>15,581</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Minority interests</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">327</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">285</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>338</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Stockholders&#146; equity</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13,086</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14,239</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>14,980</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="13" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Total liabilities and equity</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30,874</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30,471</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>30,899</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Number of common shares outstanding (after
deduction of treasury stock) at the end of
period (in thousands)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,279,958</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,281,527</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,247,475</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Ratios</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Stockholders&#146; equity per common share in euros</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10.22</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11.11</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>12.01</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Inventories as a % of sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12.5</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10.7</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>13.3</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net debt : group equity ratio</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">22:78</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1:99</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>9:91</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Employees at end of period</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">165,615</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">161,586</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>159,709</B></TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="right" style="font-size: 10pt">27
</DIV>

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

<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- link1 "Reconciliation from US GAAP to IFRS " -->
<DIV align="left"><A NAME="022"></A></DIV>
<P align="left" style="font-size: 12pt">Reconciliation from US GAAP to IFRS



<P align="left" style="font-size: 10pt">all amounts in millions of euros unless otherwise stated


<P align="left" style="font-size: 10pt">Reconciliation of net income from US GAAP to IFRS

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="60%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6" style="border-bottom: 1px solid #000000">2<SUP style="font-size: 85%; vertical-align: text-top">nd</SUP> quarter</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6" style="border-bottom: 1px solid #000000">January to June</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>2005</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>2005</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net income as per the consolidated
statements of income on a US GAAP basis</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">616</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>983</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,166</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,100</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Adjustments to IFRS:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Capitalized product development expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">157</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>168</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">296</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>331</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Amortization of product development assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(115</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(102</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(204</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(188</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Pensions and other postretirement benefits</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(38</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(28</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(75</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(84</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Unconsolidated companies</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(6</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(24</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(12</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(24</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other differences in income</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(6</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(17</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Deferred income tax effects</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(4</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(11</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(6</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(14</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Net income in accordance with IFRS</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">619</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>980</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,166</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,104</B></TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 10pt">Reconciliation of stockholders&#146; equity from US GAAP to IFRS

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="80%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6" style="border-bottom: 1px solid #000000">June 30,</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>2005</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Stockholders&#146; equity as per the consolidated
balance sheets on a US GAAP basis</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13,944</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>15,677</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Adjustments to IFRS:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Product development expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,329</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,600</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Pensions and other postretirement benefits</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1,839</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(1,851</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Goodwill amortization</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(402</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(399</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Unconsolidated companies</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(259</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(268</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Recognized results on sale and leaseback transactions</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">116</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>90</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other differences in equity</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(2</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Deferred income tax effects</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">197</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>133</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>Stockholders&#146; equity in accordance with IFRS</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13,086</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>14,980</B></TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="right" style="font-size: 10pt">28
</DIV>

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

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



<!-- link1 "Reconciliation of non-US GAAP performance measures " -->
<DIV align="left"><A NAME="023"></A></DIV>
<P align="left" style="font-size: 12pt">Reconciliation of non-US GAAP performance measures



<P align="left" style="font-size: 10pt">all amounts in millions of euros unless otherwise stated


<P align="left" style="font-size: 10pt">Certain non-US GAAP financial measures are presented when discussing the Philips Group&#146;s performance. In the following tables, a
reconciliation to the most directly comparable US GAAP performance measure is made.


<P align="left" style="font-size: 10pt">Sales growth composition (in %)

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="60%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="14" style="border-bottom: 1px solid #000000">January to June</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Comparable</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Currency</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Consolidation</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Nominal</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">growth</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">effects</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">changes</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">growth</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">2005 versus 2004</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Medical Systems</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>5.7</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(2.6</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>0.5</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3.6</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">DAP</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>5.0</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(0.4</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>4.6</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Consumer Electronics</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1.8</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(0.8</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1.6</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2.6</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Lighting</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>5.1</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(1.0</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>4.1</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Semiconductors</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(4.3</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(2.5</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2.3</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(4.5</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other Activities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(12.4</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(1.4</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(11.0</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(24.8</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Philips Group</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>0.7</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(1.5</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(0.6</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(1.4</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 10pt">Composition of net debt and group equity

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="80%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">June 30,</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2"><B>June 30,</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>2005</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Long-term debt</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,019</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,651</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Short-term debt</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,172</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>815</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total debt</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,191</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>4,466</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cash and cash equivalents</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(2,434</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(3,005</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net debt (total debt less cash and cash equivalents)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,757</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,461</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Minority interests</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">327</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>335</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Stockholders&#146; equity</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13,944</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>15,677</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="9" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Group equity</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14,271</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>16,012</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net debt and group equity</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">18,028</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>17,473</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net debt divided by net debt and group equity (in %)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">21</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>8</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Group equity divided by net debt and group equity (in %)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">79</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>92</B></TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="right" style="font-size: 10pt">29
</DIV>

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

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

<P align="left" style="font-size: 12pt">Reconciliation of non-US GAAP performance measures (continued)


<P align="left" style="font-size: 10pt">Net operating capital to total assets

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="36%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Philips</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Medical</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">DAP</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Consumer</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Lighting</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Semiconductors</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Other</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">Unallocated</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">Group</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">Systems</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">Electronics</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">Activities</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD colspan="33"><DIV style="margin-left:15px; text-indent:-15px">June&nbsp;30, 2005</DIV></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net operating capital (NOC)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>8,631</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,287</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>511</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>232</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,702</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,629</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>711</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(441</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Eliminate liabilities comprised in NOC:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><FONT style="font-family: Symbol">&#045;</FONT> payables/liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>7,927</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,594</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>339</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,021</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>748</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>773</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,109</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,343</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><FONT style="font-family: Symbol">&#045;</FONT> intercompany accounts</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>&#151;</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>22</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>4</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>63</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>37</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(19</B></TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(136</B></TD>
    <TD nowrap><B>)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>29</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><FONT style="font-family: Symbol">&#045;</FONT> provisions<SUP style="font-size: 85%; vertical-align: text-top">1)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,702</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>254</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>57</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>291</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>127</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>227</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>612</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>1,134</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Include assets not comprised in NOC:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><FONT style="font-family: Symbol">&#045;</FONT> investments in unconsolidated comp.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>6,031</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>60</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>20</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>64</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>312</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>5,523</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>52</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><FONT style="font-family: Symbol">&#045;</FONT> other non-current financial assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>924</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>924</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><FONT style="font-family: Symbol">&#045;</FONT> deferred tax assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,098</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,098</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><FONT style="font-family: Symbol">&#045;</FONT> liquid assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,005</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,005</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="33" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>31,318</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>5,217</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>911</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,627</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>2,678</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>3,922</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>7,819</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>8,144</B></TD>
    <TD>&nbsp;</TD>
</TR>

<TR>
     <TD>&nbsp;</TD>
</TR>

<TR>
     <TD colspan="33"><DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV></TD>
</TR>

<TR>
    <TD colspan="33"><SUP>1)</SUP>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;provisions on balance sheet EUR 2,913&nbsp;million excluding deferred tax liabilities of EUR 211&nbsp;million</TD>
</TR>

<TR>
     <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">June&nbsp;30, 2004</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net operating capital (NOC)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,062</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,763</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">528</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">133</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,641</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,034</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">359</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(396</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Eliminate liabilities comprised in NOC:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><FONT style="font-family: Symbol">&#045;</FONT> payables/liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,907</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,566</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">298</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,990</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">717</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">795</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,413</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,128</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><FONT style="font-family: Symbol">&#045;</FONT> intercompany accounts</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">50</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">29</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(92</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(29</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><FONT style="font-family: Symbol">&#045;</FONT> provisions<SUP style="font-size: 85%; vertical-align: text-top">2)</SUP></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,725</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">245</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">56</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">307</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">131</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">215</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">715</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,056</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Include assets not comprised in NOC:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><FONT style="font-family: Symbol">&#045;</FONT> investments in unconsolidated comp.</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,910</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">33</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">34</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">311</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,448</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">64</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><FONT style="font-family: Symbol">&#045;</FONT> other non-current financial assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,316</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,316</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><FONT style="font-family: Symbol">&#045;</FONT> deferred tax assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,868</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,868</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><FONT style="font-family: Symbol">&#045;</FONT> liquid assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,434</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,434</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="33" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">31,222</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,627</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">888</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,500</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,539</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,384</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,843</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,441</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

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

<TR valign="top">
    <TD width="3%" nowrap align="left"><SUP style="font-size: 85%; vertical-align: text-top">2)</SUP></TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="96%">provisions on balance sheet EUR 2,898&nbsp;million excluding deferred tax liabilities of EUR 173&nbsp;million</TD>
</TR>

</TABLE>



<P align="left" style="font-size: 10pt">Composition of cash flow before financing activities

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="60%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6" style="border-bottom: 1px solid #000000">2<SUP style="font-size: 85%; vertical-align: text-top">nd</SUP> quarter</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="6" style="border-bottom: 1px solid #000000">January to June</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>2005</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000"><B>2005</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cash flow from operating activities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">62</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>37</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">466</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right"><B>(314</B></TD>
    <TD nowrap><B>)</B></TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cash flow from investing activities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(307</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>688</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(570</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>398</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD colspan="17" align="left" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cash flow before financing activities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(245</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>725</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(104</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><B>84</B></TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="right" style="font-size: 10pt">30
</DIV>

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

<!-- link1 "Philips quarterly statistics " -->
<DIV align="left"><A NAME="024"></A></DIV>

<P align="right" style="font-size: 12pt">Philips quarterly statistics



<P align="left" style="font-size: 10pt">all amounts in millions of euros unless otherwise stated; percentage increases always in
relation to the corresponding period of previous year

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="36%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="14" style="border-bottom: 1px solid #000000">2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="14" style="border-bottom: 1px solid #000000">2005</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">1<SUP style="font-size: 85%; vertical-align: text-top">st</SUP> quarter</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2<SUP style="font-size: 85%; vertical-align: text-top">nd</SUP> quarter</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">3<SUP style="font-size: 85%; vertical-align: text-top">rd</SUP> quarter</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">4<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> quarter</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">1<SUP style="font-size: 85%; vertical-align: text-top">st</SUP> quarter</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">2<SUP style="font-size: 85%; vertical-align: text-top">nd</SUP> quarter</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">3<SUP style="font-size: 85%; vertical-align: text-top">rd</SUP> quarter</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">4<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> quarter</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,631</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,280</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,229</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,179</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,635</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,087</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">% increase</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(3</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income from operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">218</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">356</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,019</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">193</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">147</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">as a % of sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3.3</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14.1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2.1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net income</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">550</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">616</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,172</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">498</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">117</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">983</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">per common share in euros</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.43</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.48</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.92</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.39</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.09</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.78</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">January-</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">January-</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">January-</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">January-</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">January-</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">January-</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">January-</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2">January-</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">March</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">June</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">September</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">December</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">March</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">June</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">September</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="2" style="border-bottom: 1px solid #000000">December</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,631</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13,911</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">21,140</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30,319</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,635</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13,722</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">% increase</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(1</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income from operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">218</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">574</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,593</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,607</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">193</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">340</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">as a % of sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3.3</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4.1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7.5</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5.3</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2.5</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net income</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">550</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,166</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,338</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,836</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">117</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,100</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">as a % of stockholders&#146;
equity (ROE)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">18.5</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">19.0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">24.5</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20.3</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3.7</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16.3</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">per common share in euros</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.43</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.91</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1.83</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2.22</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.09</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.87</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR>
    <TD>&nbsp;</TD>
</TR>

<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="14" style="border-bottom: 1px solid #000000">period ending 2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" colspan="14" style="border-bottom: 1px solid #000000">period ending 2005</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Inventories as a % of sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12.1</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12.5</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13.4</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10.7</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11.9</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13.3</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net debt : group equity ratio</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">18:82</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">21:79</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17:83</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1:99</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8:92</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8:92</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total employees (in thousands)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">165</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">166</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">167</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">162</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">161</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">160</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 10pt">Information also available on Internet, address: www.investor.philips.com<BR>
Printed in the Netherlands



<P align="right" style="font-size: 10pt">31
</DIV>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">



<!-- link2 "Philips CEO updates market at Credit Suisse First Boston Conference" -->
<DIV align="left"><A NAME="025"></A></DIV>

<P align="left" style="font-size: 10pt">Philips CEO updates market at Credit Suisse First Boston Conference



<P align="left" style="font-size: 10pt">Thursday, June&nbsp;02, 2005



<P align="left" style="font-size: 10pt">Barcelona, Spain &#150; Today, Gerard Kleisterlee, President and Chief Executive Officer of Royal
Philips Electronics (AEX: PHI, NYSE: PHG), will be giving a presentation at the Credit Suisse First
Boston European Technology Conference in Barcelona, Spain, in which he will update the market on
Philips&#146; progress in building a portfolio with greater financial predictability and higher margins.
In his presentation, Mr.&nbsp;Kleisterlee will also confirm that Philips is on track to meeting its
medium-term targets.


<P align="left" style="font-size: 10pt">For further information, please contact:<BR>
Jayson Otke<BR>
Philips Corporate Communications<BR>
Tel &#043;31 20 5977215<BR>
email <U>jayson.otke@philips.com</U>


<P align="left" style="font-size: 10pt">About Royal Philips Electronics<BR>
Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is one of the world&#146;s biggest
electronics companies and Europe&#146;s largest, with sales of EUR 30.3&nbsp;billion in 2004. With activities
in the three interlocking domains of healthcare, lifestyle and technology and 160,900 employees in
more than 60 countries, it has market leadership positions in medical diagnostic imaging and
patient monitoring, color television sets, electric shavers, lighting and silicon system solutions.
News from Philips is located at <U>www.philips.com/newscenter</U>


<P align="left" style="font-size: 10pt">Forward-looking statements<BR>
This release may contain certain forward-looking statements with respect to the financial
condition, results of operations and business of Philips and certain of the plans and objectives of
Philips with respect to these items. By their nature, forward-looking statements involve risk and
uncertainty because they relate to events and depend on circumstances that will occur in the future
and there are many factors that could cause actual results and developments to differ materially
from those expressed or implied by these forward-looking statements.


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

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

<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- link2 "Philips announces divestment of Philips Aerospace to Italian Avio group" -->
<DIV align="left"><A NAME="026"></A></DIV>

<P align="left" style="font-size: 10pt">Philips announces divestment of Philips Aerospace to Italian Avio group



<P align="left" style="font-size: 10pt">Tuesday, June&nbsp;07, 2005



<P align="left" style="font-size: 10pt">Amsterdam, The Netherlands,
Turin, Italy; &#150; Royal Philips Electronics (AEX: PHI, NYSE:PHG) and the
Avio Group, a world leader in the field of aerospace propulsion, today announced that the Avio
Group has acquired from Royal Philips Electronics an 80% share of the aeronautical operations of
Philips Aerospace.


<P align="left" style="font-size: 10pt">Parties have granted each other irrevocable option rights to acquire, respectively to sell, the
remaining 20% of the shares.


<P align="left" style="font-size: 10pt">Philips Aerospace is located in Eindhoven, the Netherlands, and produces complex components for the
world&#146;s leading aerospace manufacturers, such as General Electric, Boeing, Rolls Royce, Lockheed
Martin and BAE Systems.


<P align="left" style="font-size: 10pt">After its divestment from Philips, the new company will be named DutchAero B.V. Philips
Aerospace provides work for about 100 employees, who will be transferred to the new company.
Financial details of the transaction are not being disclosed.


<P align="left" style="font-size: 10pt">For further information:<BR>
Andre Manning<BR>
Philips Corporate Communications<BR>
Tel &#043;31 20 59 77 199<BR>
email <U>andre.manning@philips.com</U>


<P align="left" style="font-size: 10pt">About Royal Philips Electronics<BR>
Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is one of the world&#146;s biggest
electronics companies and Europe&#146;s largest, with sales of EUR 30.3&nbsp;billion in 2004. With activities
in the three interlocking domains of healthcare, lifestyle and technology and 160,900 employees in
more than 60 countries, it has market leadership positions in medical diagnostic imaging and
patient monitoring, color television sets, electric shavers, lighting and silicon system solutions.
News from Philips is located at <U>www.philips.com/newscenter</U>


<P align="left" style="font-size: 10pt">Forward-looking statements<BR>
This release may contain certain forward-looking statements with respect to the financial
condition, results of operations and business of Philips and certain of the plans and objectives of
Philips with respect to these items. By their nature, forward-looking statements involve risk and
uncertainty because they relate to events and depend on circumstances that will occur in the future
and there are many factors that could cause actual results and developments to differ materially
from those expressed or implied by these forward-looking statements.


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

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

<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- link2 "Philips reviews performance and growth plans of its Medical Systems business at financial analyst meeting" -->
<DIV align="left"><A NAME="027"></A></DIV>

<P align="left" style="font-size: 10pt">Philips reviews performance and growth plans of its Medical Systems business at financial analyst meeting



<P align="left" style="font-size: 10pt">Wednesday, June&nbsp;15, 2005



<P align="left" style="font-size: 10pt">Amsterdam, The Netherlands &#150; Today at a meeting with investors and financial analysts, Royal
Philips Electronics (NYSE: PHG, AEX: PHI) will discuss the company&#146;s ongoing progress in building a
steadily growing Medical Systems division. Senior management from Philips Medical Systems will also
highlight emerging technology trends that continue to reshape the global healthcare market, and how
Philips can position itself to expand in this changing market.<BR><BR>
Ongoing improvements in Medical Systems


<P align="left" style="font-size: 10pt">&#147;After completing a series of acquisitions, Philips Medical Systems now has a three-year record of
improving financial returns. While we&#146;ve completed integrating these acquisitions, I still see many
opportunities to create more value for our shareholders and customers. We expect operational
efficiency, innovation and customer support will provide us with additional margin points in a few
years,&#148; said Jouko Karvinen, president and CEO of Philips Medical Systems. &#147;As we explore areas for
further expansion &#150; either through acquisitions or alliances &#150; we&#146;ll be looking for market,
technology and clinical synergies with our existing activities to build an even stronger healthcare
business,&#148; Mr.&nbsp;Karvinen added.


<P align="left" style="font-size: 10pt">In today&#146;s meeting, senior management from Philips Medical Systems will review progress being made
in areas of medical imaging like ultrasound, magnetic resonance and X-ray, while highlighting the
company&#146;s activities in healthcare IT, global services and in the high-growth Asia Pacific market.
Discussions will also address how market drivers and emerging technologies will change the practice
of medicine, and how Philips can help drive these trends. Minimally invasive techniques and the
field of molecular medicine, for example, have the potential to extend the capabilities of medical
technology beyond diagnosing conditions like heart disease and cancer, to treating and preventing
such conditions.


<P align="left" style="font-size: 10pt">Lighter demand expected in consumer markets in the second quarter &#150; commitment to brand campaign
maintained<BR><BR>
The meeting will end with concluding remarks by Gerard Kleisterlee, president and CEO of Royal
Philips Electronics, who will provide an update on current market
conditions.<BR><BR>
&#147;Economic indicators around the world point to reduced growth rates. Europe in particular is
suffering from a weakened consumer retail environment in the second quarter, hampering our growth
ambitions in the short term. Against this background, we&#146;re maintaining our commitment to the brand
campaign, investing around EUR 75&nbsp;million in the second
quarter,&#148; Mr.&nbsp;Kleisterlee explained.<BR><BR>
&#147;In our Other Activities segment, we also expect a deteriorating business performance. Philips will
continue to pursue measures to boost the efficiency of its core operations, while continuing to
dispose of non-core activities to achieve its medium term goals,&#148; Mr.&nbsp;Kleisterlee added.


<P align="left" style="font-size: 10pt">For more information on the Medical Systems Analysts&#146; Day, please visit: <U>www.philips.com/investor.</U>


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

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

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

<P align="left" style="font-size: 10pt"><U><B>&#043; Medical Systems Analyst Day</B></U>



<P align="left" style="font-size: 10pt">For further information, please contact:<BR>
Jayson Otke<BR>
Philips Corporate Communications<BR>
Tel &#043;31 20 5977215<BR>
email <U>jayson.otke@philips.com</U>


<P align="left" style="font-size: 10pt">About Royal Philips Electronics<BR>
Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is one of the world&#146;s biggest
electronics companies and Europe&#146;s largest, with sales of EUR 30.3&nbsp;billion in 2004. With activities
in the three interlocking domains of healthcare, lifestyle and technology and 160,900 employees in
more than 60 countries, it has market leadership positions in medical diagnostic imaging and
patient monitoring, color television sets, electric shavers, lighting and silicon system solutions.
News from Philips is located at <U>www.philips.com/newscenter</U>


<P align="left" style="font-size: 10pt">Forward-looking statements<BR>
This release may contain certain forward-looking statements with respect to the financial
condition, results of operations and business of Philips and certain of the plans and objectives of
Philips with respect to these items. By their nature, forward-looking statements involve risk and
uncertainty because they relate to events and depend on circumstances that will occur in the future
and there are many factors that could cause actual results and developments to differ materially
from those expressed or implied by these forward-looking statements.


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

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

<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- link2 "Philips and TPV entered into definitive agreement to create world&#146;s leading display manufacturer" -->
<DIV align="left"><A NAME="028"></A></DIV>

<P align="left" style="font-size: 10pt">Philips and TPV entered into definitive agreement to create world&#146;s leading display manufacturer



<P align="left" style="font-size: 10pt">Thursday, June&nbsp;16, 2005



<P align="left" style="font-size: 10pt">Amsterdam, The Netherlands and Hong Kong, China, Royal Philips Electronics and TPV Technology
Limited today announced they have signed a definitive agreement for the sale and transfer of
certain Philips&#146; monitor and entry level flat screen television business to TPV. This is an
important milestone in a process that TPV and Philips initiated with the signing of a Letter of
Intent on December&nbsp;16, 2004, which expressed both parties&#146; intention to enter into this
transaction. The completion of the transaction remains subject to all relevant regulatory and other
approvals.


<P align="left" style="font-size: 10pt">As per the definitive agreement, TPV will take over Philips&#146; existing OEM monitor business as well
as the manufacturing of monitors and entry level Flat TV products that Philips will continue to
market and sell under its own brand. Philips is contributing assets and resources to TPV relating
to these activities. The combination of TPV and Philips&#146; monitor and entry level Flat TV business
will create a global leader in the monitors and Flat TV assembly market. TPV will become the
world&#146;s largest PC monitor manufacturer with annual volume well exceeding 35&nbsp;million units.


<P align="left" style="font-size: 10pt">The businesses transferred from Philips to TPV amount to approximately USD 2&nbsp;billion or EUR 1.6
billion at current exchange rates. This number includes the transfer of EUR 750&nbsp;million sales on
OEM Monitor business to TPV. The remaining EUR 850&nbsp;million is related to the outsourcing of Philips
branded monitor and Flat TV products. Philips will become a substantial shareholder of TPV. Philips
and TPV have agreed that Philips&#146; contribution to TPV represents and is valued at 30% of the
enlarged market capitalization of TPV to be settled by 15% newly issued shares in TPV and the
remaining value by way of a convertible bond.


<P align="left" style="font-size: 10pt">For further information, please contact:<BR>
Andre Manning<BR>
Philips Corporate Communications<BR>
Tel &#043;31 20 59 77 199<BR>
email <U>andre.manning@philips.com</U>


<P align="left" style="font-size: 10pt">Shane Tyau<BR>
Director, Corporate Finance<BR>
TPV<BR>
Tel &#043;852 2541 0266<BR>
email <U>shanetyau@tpvtechnology.com</U>


<P align="left" style="font-size: 10pt">About Royal Philips Electronics<BR>
Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is one of the world&#146;s biggest
electronics companies and Europe&#146;s largest, with sales of EUR 30.3&nbsp;billion in 2004. With activities
in the three interlocking domains of healthcare, lifestyle and technology and 160,900 employees in
more than 60 countries, it has market leadership positions in medical diagnostic imaging and
patient monitoring, color television sets, electric shavers, lighting and silicon system solutions.
News from Philips is located at <U>www.philips.com/newscenter</U>


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

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

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

<P align="left" style="font-size: 10pt">About TPV Technology Limited<BR>
TPV Technology Limited (HKEX: 0903/SGX: TPV) is a leading solutions provider in monitor display
technology. The Group designs and produces a wide range of CRT and TFT-LCD PC monitors for
distribution to over 30 countries. TPV&#146;s products add value to customers through cost leadership,
timely delivery and superior quality. TPV brands include AOC and Envision. Currently, TPV is the
world&#146;s largest TFT-LCD monitor manufacturer and No.&nbsp;2 for CRT monitor in term of unit shipments.
The Company has been listed on both Hong Kong and Singapore stock exchanges since 8th October&nbsp;1999
and is a component stock of the Strait Times Index of Singapore. TPV ranks 29 in the most recent
BusinessWeek&#146;s Info Tech 100 IT companies.


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

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

<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- link2 "TSMC announcement of filing of ROC SFB and US SEC registration statement enables Philips and Taiwan Development Fund to offer American shares of TSMC" -->
<DIV align="left"><A NAME="029"></A></DIV>

<P align="left" style="font-size: 10pt">TSMC announcement of filing of ROC SFB and US SEC registration statement enables Philips and Taiwan Development Fund to offer American shares of TSMC



<P align="left" style="font-size: 10pt">Tuesday, July&nbsp;05, 2005



<P align="left" style="font-size: 10pt">Amsterdam, The Netherlands /
Hsinchu, Taiwan, July&nbsp;5, 2005 &#151; Today, TSMC (TAIEX: 2330, NYSE: TSM)
filed registration statements with the R.O.C. Securities and Futures Bureau (&#145;SFB&#146;) and the U.S.
Securities and Exchange Commission (&#145;SEC&#146;) in connection with the possible offering of up to 210
million American Depositary Shares (&#145;ADSs&#146;) with a maximum total deal size of up to US$1.5&nbsp;billion
on behalf of Royal Philips Electronics (&#145;Philips&#146;), Taiwan Development Fund and other shareholders.
This contemplated offering was approved by TSMC&#146;s Board of Directors on May&nbsp;10, 2005. Each ADS
represents five common shares of TSMC.


<P align="left" style="font-size: 10pt">The contemplated offering is subject to a certain number of conditions, including all necessary
approvals in Taiwan and the United States, and is expected to be completed within 2005.


<P align="left" style="font-size: 10pt">Currently, Philips holds approximately 4,600&nbsp;million TSMC shares representing approximately 18.7
percent of TSMC shares. Taiwan Development Fund holds approximately 1,800&nbsp;million TSMC shares
representing approximately 7.3&nbsp;percent of TSMC shares.


<P align="left" style="font-size: 10pt">Both Philips and Taiwan Development Fund have agreed not to sell any more TSMC shares at least
until the end of 2006 either in the Taiwan or international markets.<BR>
This announcement should not be construed as an offer of any securities for sale. Any offering of
ADSs in the United States can only be made in accordance with the requirements of the U.S.
Securities Act of 1933.


<P align="left" style="font-size: 10pt">For further information, please contact:<BR>
Andre Manning<BR>
Philips Corporate Communications<BR>
Tel &#043;31 20 59 77 199<BR>
email <U>andre.manning@philips.com</U>


<P align="left" style="font-size: 10pt">J.H. Tzeng<BR>
Taiwan Semiconductor Manufacturing Company Ltd.<BR>
PR Department Manager<BR>
Tel &#043;886-3-6665028<BR>
Mobile &#043;886-928-882607<BR>
Fax &#043;886-3-567-0121<BR>
email <U>jhtzeng@tsmc.com</U>


<P align="left" style="font-size: 10pt">About Royal Philips Electronics<BR>
Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is one of the world&#146;s biggest
electronics companies and Europe&#146;s largest, with sales of EUR 30.3&nbsp;billion in 2004. With activities
in the three interlocking domains of healthcare, lifestyle and technology and 160,900 employees in
more than 60 countries, it has market leadership positions in medical diagnostic imaging and
patient monitoring,


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

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

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

<P align="left" style="font-size: 10pt">color television sets, electric shavers, lighting and silicon system solutions. News from Philips
is located at <U>www.philips.com/newscenter</U>


<P align="left" style="font-size: 10pt">About TSMC<BR>
TSMC is the world&#146;s largest dedicated semiconductor foundry, providing the industry&#146;s leading
process technology and the foundry industry&#146;s largest portfolio of process-proven library, IP,
design tools and reference flows. The company operates one advanced 300mm wafer fab, five
eight-inch fabs and one six-inch wafer fab. TSMC also has substantial capacity commitments at its
wholly-owned subsidiary, WaferTech, and its joint venture fab, SSMC. In early 2001, TSMC became the
first IC manufacturer to announce a 90-nm technology alignment program with its customers. TSMC&#146;s
corporate headquarters are in Hsinchu, Taiwan. For more information about TSMC please see
<U>www.tsmc.com</U>.


<P align="left" style="font-size: 10pt">Forward-looking statements<BR>
This release may contain certain forward-looking statements with respect to the financial
condition, results of operations and business of Philips and certain of the plans and objectives of
Philips with respect to these items. By their nature, forward-looking statements involve risk and
uncertainty because they relate to events and depend on circumstances that will occur in the future
and there are many factors that could cause actual results and developments to differ materially
from those expressed or implied by these forward-looking statements.


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

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

<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- link2 "Philips to acquire healthcare IT company Stentor Inc." -->
<DIV align="left"><A NAME="030"></A></DIV>

<P align="left" style="font-size: 10pt">Philips to acquire healthcare IT company Stentor Inc.



<P align="left" style="font-size: 10pt">Wednesday, July&nbsp;06, 2005



<P align="left" style="font-size: 10pt">Merger strengthens Philips&#146; presence in the high-growth healthcare information technology market


<P align="left" style="font-size: 10pt">Amsterdam, The Netherlands and Brisbane, California &#150; Royal Philips Electronics (NYSE:PHG, AEX:PHI)
and Stentor Inc. today announced Philips will acquire Stentor, a leading provider of picture
archiving and communication systems (PACS)&nbsp;used for storing, managing and distributing digital
radiology images throughout hospitals and healthcare facilities. Philips will pay approximately USD
280&nbsp;million in cash for Stentor Inc. subject to receipt of regulatory approval. Stentor&#146;s
shareholders have approved the agreement and transaction.


<P align="left" style="font-size: 10pt">Stentor expects 2005 sales to grow to approximately USD 50&nbsp;million and 2006 sales annual growth is
projected at 50 % based on the company&#146;s unique &#147;pay-per-study&#148; business model, in which customers
pay a fee to view, distribute and store medical images rather than purchase a PACS system. Stentor
will be incorporated into the Healthcare IT business of Philips&#146; Medical Systems division. From its
headquarters location in Brisbane, California, Stentor will become the global headquarters of
Philips&#146; overall PACS business.


<P align="left" style="font-size: 10pt">&#147;Stentor is an exceptional company with very talented people and unique technology that will
significantly strengthen our position in healthcare IT. The merger of the Stentor Radiology PACS,
the number one in multiple KLAS ratings, and the Philips Cardiology PACS, the &#147;Best Overall
Cardiology PACS Vendor&#148; in the June&nbsp;2005 KLAS report, gives us exactly what we want: world-class
technology already recognized and appreciated by our customers, clear and immediate synergies with
our imaging business and an opportunity to leverage the Philips world-wide resources. Philips is
strongly committed to the support of its current customer base and will work with these users to
let them benefit from the Stentor advantages,&#148; said Jouko Karvinen, President and CEO of Philips
Medical Systems.


<P align="left" style="font-size: 10pt">In commenting on the merger, Oran Muduroglu, President of Stentor, said: &#147;In the healthcare
industry, Philips is known for its high quality medical equipment and for its commitment to
customers &#150; an approach we value. We can now extend Stentor PACS outside of the radiology
department and into other areas of the hospital where conditions like cancer and heart disease are
treated.&#148; Mr.&nbsp;Muduroglu added: &#147;We are very excited about what this means for all of our current
and future customers, as we combine our strengths in image and information management.&#148;


<P align="left" style="font-size: 10pt">Stentor&#146;s PACS technology can transmit medical images &#150; with full resolution 4 to 16 times faster
than any competitor, and with significantly less hardware costs for hospitals. In addition,
Stentor&#146;s proven service delivery model and commitment to customer support is well aligned with
Philips&#146; overall strategy of designing the solution around the customer and making it easy for the
user to experience.


<P align="left" style="font-size: 10pt">Independent consultant Ralph Reyes Senior VP of KLAS noted the following: &#147;KLAS is an independent
monitor of Healthcare IT vendor performance. Unique to KLAS is


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

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

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



<P align="left" style="font-size: 10pt">that the Healthcare IT performance data we report on originates from only one source: the
healthcare provider executive who has been personally interviewed by KLAS. Since the Stentor PACS
solution captured our healthcare providers&#146; attention it has consistently been rated as a leading
PACS solution with #1 PACS positions in KLAS Top 20 end of year reports for 2003 (global PACS
category) and 2004 (large acute care PACS category). In addition, the 2005 Mid-Year KLAS HIT Top 20
industry report noted Stentor #1 with a rating of 90.55 out of a possible 100 points for the ranked
PACS applications. Their consistent high performance, as measured by healthcare executives has been
very impressive.&#148;


<P align="left" style="font-size: 10pt">Acquisition creates leading healthcare IT provider with global reach<BR>
By merging with Stentor, Philips &#150; the market leader in patient monitoring systems and the second
largest global manufacturer of medical diagnostic imaging and monitoring equipment &#150; can offer
hospitals and other customers a complete package of state-of-the-art medical scanners along with
Stentor&#146;s best-in-class PACS products to handle the large volumes of imaging data generated by
medical scanners.


<P align="left" style="font-size: 10pt">In addition, Stentor and Philips have highly complementary geographic footprints allowing for more
rapid deployment of Stentor&#146;s products into Europe and Asia, while providing Stentor&#146;s US customers
with a greater choice of medical equipment. Combined, Philips and Stentor will have PACS installed
at over 1,600 healthcare institutions worldwide, and will be second largest in the global PACS
market.


<P align="left" style="font-size: 10pt">Philips and Stentor will continue to pursue their shared vision for healthcare IT<BR>
Both Stentor and Philips share a vision of creating a digital hospital environment with electronic
health records (EHRs) that provide physicians with on-demand access to all patient data, anytime,
anywhere. The healthcare IT market is attractive given that U.S. and European healthcare industries
have traditionally underinvested in IT. According to an October&nbsp;2003 report by the U.S. General
Accounting Office, less than 10&nbsp;percent of hospitals had replaced paper charts with EHR, and the
U.S. Center for Medicare &#038; Medicaid estimated that in 2004 less than five percent of U.S.
healthcare spending went into IT &#150; much lower than in financial institutions and other service
industries.


<P align="left" style="font-size: 10pt">In 2003, Philips embarked on its vision for healthcare IT through the launch of an alliance with
Epic Systems Corporation &#150; a specialist in IT systems for creating an EHR for sharing patient
information across hospitals. By merging with Stentor, Philips will be able to equip EHRs with
diagnostic quality medical images that can be viewed throughout the hospital and via the Internet.


<P align="left" style="font-size: 10pt">To read more on PACS and the Healthcare IT market, including images and presentations from today&#146;s
press announcement:<BR>
<U>&#043; more details</U><BR>
To find out more about Stentor and its activities, please visit:<BR>
<U>&#043; www.stentor.com</U>


<P align="left" style="font-size: 10pt">To find out more about Philips Medical Systems, please visit:<BR>
<U>&#043; Medical Systems</U>


<P align="left" style="font-size: 10pt">For further information, please contact:


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

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

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

<P align="left" style="font-size: 10pt">Jayson Otke<BR>
Philips Corporate Communications<BR>
Tel &#043;31 20 5977215<BR>
email <U>jayson.otke@philips.com</U>


<P align="left" style="font-size: 10pt">Heidi Wilson<BR>
Philips Medical Systems<BR>
Tel &#043;1 978 659 7302<BR>
email <U>heidi_wilson@philips.com</U>


<P align="left" style="font-size: 10pt">Mark Reis<BR>
Stentor Inc.<BR>
Tel &#043;1 650 228 5384<BR>
email <U>mreis@stentor.com</U>


<P align="left" style="font-size: 10pt">About Royal Philips Electronics<BR>
Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is one of the world&#146;s biggest
electronics companies and Europe&#146;s largest, with sales of EUR 30.3&nbsp;billion in 2004. With activities
in the three interlocking domains of healthcare, lifestyle and technology and 160,900 employees in
more than 60 countries, it has market leadership positions in medical diagnostic imaging and
patient monitoring, color television sets, electric shavers, lighting and silicon system solutions.
News from Philips is located at <U>www.philips.com/newscenter</U>


<P align="left" style="font-size: 10pt">About Stentor<BR>
Stentor, Inc. is a leader in the distribution, management, and storage of digital medical images.
Through the company&#146;s iSyntax&#174; technology, Stentor has created iSite&#174; PACS for image distribution,
radiology reading, and always online long-term storage. In November&nbsp;2004, Stentor was ranked the #1
PACS vendor in the 2004 industry report from KLAS Enterprises. In July&nbsp;2004, Stentor was awarded
the 2004 PACS Customer Value Enhancement Award from Frost &#038; Sullivan. Stentor is an ISO 13485
certified medical device manufacturer, whose product carries the CE mark and first received 510(k)
clearance to market its product from the FDA in October&nbsp;1999.


<P align="left" style="font-size: 10pt">About KLAS Enterprises<BR>
KLAS is an organization established in 1996 to provide the healthcare information technology (HIT)
industry with unbiased factual information on HIT vendor performance. With an average of 19&nbsp;years
in HIT /healthcare experience KLAS executives collect rankings and rating of HIT vendors and
personally interview healthcare executives on their HIT vendor experience. KLAS, in concert with
hundreds of CIOs and other healthcare professionals, has created a dynamic database of information
about the performance of Healthcare Information Technology Software Vendors. This extensive
database contains vendor performance data representing over 4500 healthcare facilities, over 3000
clinics with data on 300&#043; vendors and 500&#043; different products. KLAS&#146;s performance reports are used
by vendors to ensure they are meeting the needs of customers, and by healthcare providers to find
out which vendors truly deliver what they promise. For further information contact KLAS
Enterprises, LLC at 801-226-5120 or on their Web <U>site www.healthcomputing.com/</U>.


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

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

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

<P align="left" style="font-size: 10pt">Forward-looking statements<BR>
This release may contain certain forward-looking statements with respect to the financial
condition, results of operations and business of Philips and certain of the plans and objectives of
Philips with respect to these items. By their nature, forward-looking statements involve risk and
uncertainty because they relate to events and depend on circumstances that will occur in the future
and there are many factors that could cause actual results and developments to differ materially
from those expressed or implied by these forward-looking statements.


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

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

<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- link2 "Philips intends to sell LG.Philips LCD shares" -->
<DIV align="left"><A NAME="031"></A></DIV>

<P align="left" style="font-size: 10pt">Philips intends to sell LG.Philips LCD shares



<P align="left" style="font-size: 10pt">Friday, July&nbsp;08, 2005



<P align="left" style="font-size: 10pt">Amsterdam, The Netherlands /
Seoul, Korea &#150; LG.Philips LCD Co., Ltd. (&#147;LPL&#148;) (NYSE: LPL, KRX:
034220), in which Royal Philips Electronics (&#147;Philips&#148;) (AEX: PHI, NYSE: PHG) holds approximately
44.6&nbsp;percent, last night announced that it has filed a Registration Statement with the U.S.
Securities and Exchange Commission for a follow-on offering of approximately 26,850,000 primary
shares of common stock in the form of American Depositary Shares or ADSs. Included in the
Registration Statement is an offering by Philips to sell up to 6,710,000 secondary shares of common
stock in the form of ADSs. Each ADS represents one-half of one share of common stock.


<P align="left" style="font-size: 10pt">Philips may concurrently sell all, or a portion of the common shares as represented by the ADSs it
intends to sell in this offering and additional common shares, as common stock on the Stock Market
Division of the Korea Exchange. LG Electronics Inc. (LGE)&nbsp;is also considering the sale of a portion
of its interest in the Company in the same transaction on the Korea Exchange that will take place
concurrently with this offering. Philips and LGE intend to sell the same number of shares so that
their respective shareholder ownership interest in the Company following these concurrent sales
will remain identical.


<P align="left" style="font-size: 10pt">The contemplated offering is subject to a certain number of conditions, including all necessary
approvals in Korea and the United States, and is expected to be completed in the second half of
2005.


<P align="left" style="font-size: 10pt">Currently, Philips and LGE each hold 145&nbsp;million LPL shares representing approximately 44.6&nbsp;percent
of LPL shares.


<P align="left" style="font-size: 10pt">A registration statement relating to these securities has been filed with the Securities and
Exchange Commission but has not yet become effective. These securities may not be sold nor may
offers to buy be accepted prior to the time the registration statement becomes effective. This
press release shall not constitute an offer to sell or the solicitation of an offer to buy nor
shall there be any sale of these securities in any jurisdiction in which such offer, solicitation
or sale would be unlawful prior to registration or qualification under the securities laws of any
such jurisdiction.<BR>
For further information, please contact:


<P align="left" style="font-size: 10pt">Andre ManningPhilips<BR>
Corporate Communications<BR>
Tel &#043;31 20 59 77 199<BR>
email <U>andre.manning@philips.com</U>


<P align="left" style="font-size: 10pt">About Royal Philips Electronics<BR>
Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is one of the world&#146;s biggest
electronics companies and Europe&#146;s largest, with sales of EUR 30.3&nbsp;billion in 2004. With activities
in the three interlocking domains of healthcare, lifestyle and technology and 161,500 employees in
more than 60 countries, it has market leadership positions in medical diagnostic imaging and
patient monitoring,


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

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

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



<P align="left" style="font-size: 10pt">color television sets, electric shavers, lighting and silicon system solutions. News from Philips
is located at <U>www.philips.com/newscenter</U>


<P align="left" style="font-size: 10pt">Forward-looking statements<BR>
This release may contain certain forward-looking statements with respect to the financial
condition, results of operations and business of Philips and certain of the plans and objectives of
Philips with respect to these items. By their nature, forward-looking statements involve risk and
uncertainty because they relate to events and depend on circumstances that will occur in the future
and there are many factors that could cause actual results and developments to differ materially
from those expressed or implied by these forward-looking statements.


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

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

<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- link2 "Philips sells its remaining stake in Atos Origin" -->
<DIV align="left"><A NAME="032"></A></DIV>

<P align="left" style="font-size: 10pt">Philips sells its remaining stake in Atos Origin



<P align="left" style="font-size: 10pt">Thursday, July&nbsp;14, 2005



<P align="left" style="font-size: 10pt">Amsterdam, The Netherlands
&#150; Royal Philips Electronics (AEX: PHI, NYSE: PHG) today announced that
it has sold its remaining stake of approximately 10.3&nbsp;million shares in Atos Origin (Paris: 5173).
The transaction, which closed yesterday, will provide Philips with proceeds of approximately EUR
550&nbsp;million, and will result in a non-taxable gain of approximately EUR 190&nbsp;million in the third
quarter.<BR>
Prior to this transaction, Philips&#146; holding represented 15.4&nbsp;percent of Atos Origin&#146;s outstanding
shares. Following this transaction, Philips no longer has a stake in Atos Origin.


<P align="left" style="font-size: 10pt">For further information, please contact:<BR>
Andre Manning<BR>
Philips Corporate Communications<BR>
Tel &#043;31 20 59 77 199<BR>
email <U>andre.manning@philips.com</U>


<P align="left" style="font-size: 10pt">About Royal Philips Electronics<BR>
Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is one of the world&#146;s biggest
electronics companies and Europe&#146;s largest, with sales of EUR 30.3&nbsp;billion in 2004. With activities
in the three interlocking domains of healthcare, lifestyle and technology and 160,900 employees in
more than 60 countries, it has market leadership positions in medical diagnostic imaging and
patient monitoring, color television sets, electric shavers, lighting and silicon system solutions.
News from Philips is located at <U>www.philips.com/newscenter</U>


<P align="left" style="font-size: 10pt">Forward-looking statements<BR>
Forward-looking statements This release may contain certain forward-looking statements with respect
to the financial condition, results of operations and business of Philips and certain of the plans
and objectives of Philips with respect to these items. By their nature, forward-looking statements
involve risk and uncertainty because they relate to events and depend on circumstances that will
occur in the future and there are many factors that could cause actual results and developments to
differ materially from those expressed or implied by these forward-looking statements.


<P align="left" style="font-size: 10pt">This announcement is not an offer of securities for sale into the United States. The securities
referred to herein have not been and will not be registered under the U.S. Securities Act of 1933,
as amended, and may not be offered or sold in the United States, except pursuant to an applicable
exemption from registration. No public offering of securities is being made in the United States.



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

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>u49135u4913501.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 u49135u4913501.gif
M1TE&.#EA,P':`+,``+.SM-K:VYB8F82$A?&&2<MO.F=HEZ>GJ**BO='1TH.#
MJ_#P\,C(R=_?X/EE$.#@X2'Y!```````+``````S`=H```3_<,E)J[TXZ\V[
M_V`HCF1IGNCUK&SKOG`LSW1MWWBN[WSO_\"@<$@L&H_(I'+);#J?T*AT2JU:
MK]BL=LOM>K]@5@-`9M@2B1D#@"X&`.:P?$Z?`08'P&$@J`D`,GL`?T4"A'4K
M`0<!2@D',(XO!VF(=0P#E"MQ,X<P`V:=09>,=:2*I&XKD2^KJ).5=9\Q#)D/
MM"M_`9LMLIT)NS._J)H#+6VJP`\)C+K#+;<TORX!E-#*?9"U,;K:T&0W`=C3
MUL*P6`D#SBM\?+B&?>]\PP(#GX3A[("'^W#LM?7%!@SZA(\>H$N&!"9TABYA
MFDOU!*0I*("1@`/T]M#K@R[B)5M\_PP^P%=O4T,\Q`S>J4>FHJP`GP:1#&CF
MCDB$F,Q9^?A"U\A/E]*D,;0.6"]`&(DEN*.L7M,$%T?6XMG.3%*0O](]V,-(
M%B]`6_OPW/-@$"Y]Z:B9@5D3V\=+;;<^TF/L8;$'`E4].&0VJ5FS//&:D85N
M[R-J.JN@T\;"42^O_%P<%<R"T)\#&/4\0NB,ZB:O>_NM,!OZV=VB/&%"#=DN
ME..X(&/'%F"&@3@6MHL%/CN:(R9"@$\##4F/`>?$5J)*DNCUSJ/(O$`!`@V\
M^,`XJZ?>!4U==%ELKD\+#FSO48M.&-'!?GOWX\E=X<CH%E_ZNSNMP5E\6NPB
M.W(JEX`U$O]S1;7Q$73Z21>64C\5`Y-;O.&VW297!<43::'@!193%\XWD8)-
M%66?+O,18PMMSN2G82*&C43:)>8%QXPL*-GB4WW_20%10BY=Q,=)SX&5X60%
MY;5"'D<*Z9!I(B:R45X7@B>@*JS9E5`<&N5UR(,:-55<B;%!!(=I&.5E$U$(
M_2%.3O;M51)AK.VU9(Y4_+*)3VUPXX,T+31@RC,,J!-,,C=88V%_@<*`)R7-
MR(`.''?L8B`JQC66C*`VOF!HHG1V2N=N2:C7U)2>EFHJ%*`FD9N1I[;JZJNP
MQBKKK+36:NNMN(IBW*Z\]NKKK\`&*^RPQ!9K[+'()JOLLLPVZ^S_L\XR-A*T
MU%9K[;789JOMMMP6*RT,#>0J[KA0A$ONN>BFJ^ZZ[+;KKA0-F.O$,M_2@-B[
M^$81KQ@^,"#O+'"(I8-$^1:,Q+Y'`/"&PII`6E/`8Y1UT!ICF!'N4EE1\@T`
M$9>Q1@!OI"$OP@^,/+(8)_.[`LDFJUQRRB^[S#+*,L,\\\HMKTRSSCC7[#//
M,0-]<]`E[USTST<3_6\1\M)VP!JXA!-.:+:%AD893Q,\TB.+8$-&2WN%_7$>
M#!MLMA2T08I+V/`$;!C(>:Q!"S:13.(U'%"Q718HNIAW]M]-3,(&6%QOM14;
M7"NRR.!K"/BUX5O#L48?,4[2.."89Z[Y_^8R+,WYYU.0G+3H.7@.^NE.D*[$
MT*S;[+K1.8_^NM"SRXYT[/_B#OON/=-^.^]*]PE\Z[_W;CO0?9H.A/*=#U\[
M[L\[7WSPQNM>O?#79T_]]L3[[GW2QX=O/??18\$\ZNA7<G[Z[->P/M/OMR__
M%JK/;[\/W=^O__[\DQN_#O$37?[&-T#I?2]W!A1?`@E8/J4UL(#:@R#Y7*;`
M_EF07?6[8/O^I\$._B>#'@PAN#@HPA).[P9V8L0R&C,#$)JPA'I0V"`D$@[,
M="YV+VP7#HTPIK`Y8DRO0)X+)#C`!QIQ>D2$604G>,`%.A&)1VPB]HB6,$-,
MC6I[BX'DNL7%+O]Z\8M@#&.O^F66^/@KB"^X30[7&#`&Y.%I4*E:#-2X1LR1
MT(6V8,-HL%,V&-"QCILC7>[N^+\^X!&0F2/A"^HW,T,J$I&P>F05_BA)2+[J
MD%/XXQ"AR$DI;F^)2>PD*)\7Q5&*DH$4K&03SJ=)2[K2!:U\I;N&]@-,GD>6
M.N3!#@N!RU["<I>^=)4MF<`\A,4RF.)2Y0X0Z,?FQ:"(IWPB$TV)/%1Z,I37
M)&4T(ZA$,"COF+#39C:W.4UK@L^<Z)0F-LNISF["`IS&0Z:IUL=,*,!3GI$,
M@BT5>4]\TFJ8RQQ8//TIS&(&4)E4%"`V6(90@G8!H,]$J`"71LF&.O3_<_"D
MI?A*F4YNDI.:(.TH.ZO'46G6TJ(YZ.=%Y^G,2:X4DBI]:2(%*M-+GF^?)PUG
MV'*&TIJ>+:93].D<A@G1']Q3D$*EWPUQ4%0?`#6BY%RG5-L9526*=*H>]610
M`?B^GMXRJ>=JJA">"E8Y*,^KST`&I^H5MK*:HYCZ_%\>TA'#95S$;Z,3QUF3
MYU8KH'6(_V.$P_:XE4R,3*^I7&I?'[K7K0[L#58<4P_3*,;*6O:RF,WL&'D`
MM88!\5MD72RZ;$.+-L:QE:$=(57'R=J03A&K(XTM-%L[/B]\#5*46`JFVBK:
M2SX!F+SM;1C^JMHD@'.0PJ5?)<7*U'"EEHK)_UV=(C7Z!,0.-+J@>RYVLT!<
MKJ:1:22MJGAI^]J29M6UVD/O)Z_K/NYZ3KN.E:UYY7O"J\X7MNJE;NBZVP"5
M,G>[I2NN@&T`4."NS+_U!/`J5?E?FD)5P4EP85,G:D^^&DT(>;.-UJ(K8=/1
ML[N`_>X3PB&4/$(X1ZJ#[PT&4;9O)'5ARO@:6SO57R&HCF5I.X"?U`C;'EMU
MM?F][U5_D0==C.((.%W"4R4YB;RA$:PNUL.-0;P\=\+R!@U6'&2)`E9TD*(B
M^J)R,RT,OA-S]B!X)7#M-GD%%5\8P&1XVE:`(>9R5:;,I:NS/%<X$O.]F0AN
M-O/R.A5H02]R=4MHK/^(I3O>C3;:OA^%-'G3*T3P#K@'_/2NH8?KU4-J4K_*
MJ"Q!&4K@/U/0"'BL,=)D0``'N/K5L(ZUK&=-:UF+MIX-5O(/6EWK7OO:UYL.
M,'O'^@,`_/K8R'YU+Z>;.HN2+K6\3K:T:QU"`"#@VMC.MK:WS>UN:YM4\6WS
MKJ=-[EF'4`$&2+>ZU\WN=KO[W>Q6@%]9P8F`CJ;<^'ZUI-4;Y$<#&6'HAK?`
M!RYP>>O2JS5,LQB@G>]\GYO@$(]XN@U>:B5\=H[E/34+HMWP:3]<XB"'MP*L
M_`3)$DI#MTVYRE4N@`*X_.4PC[G,9TYSF:_\YCC/N<YWSO.>^_SG0/_:`$+_
M3O1V"R3HM]VM#B[N1\TZ'5D$>+D#I$YUET_=ZE4OP-6UGO6K/_WKQ0J?#DX;
MU$+/BN,=3[9-A]H`W<K`[+)">]J/_84.V]G&#L8R!SVW[[Y+3^YS][7?TVM@
M\Z&5GR#F^[\7[U'`![[6@_\D3U/7W&9CO(5Z1H3C'V]N.N0:SY]'`B5-'<_0
M@V'SG(\U2SW5M)S>"O6I5W:LF$T#4-?RSJLL%>QC[X"Z.YN8NM[G(S//A-W'
MWO?/)'WMYXT#1Z*:^$\P?NK?JD\`$F%I((0[=,^+3B'73/J<[W=K?WI]6H'_
M\7[&O)H5&V(O.!=<RH=^%LX?>"Z8?KE5$)WV847__[ESKO!`L'^OTG]I9T*>
M-FQD-BX$V''#57'`5V5Y=S#RIP0+V'#C(D@32`.%EFH9&`05Z'"ALTP,MG<=
M^%5AYF_<MT`?B&_T-7[M!X&7IGZ_=7ELMGW*-X"\!VR&EV?M12<"Z"HK6&Z)
M<4C$97LY94AZAVF>$H3DYGXW6&F5!R\W@(351V8E2`1,Z'%T,H(]F$F:DX72
MEBM$J`4_V%*P`(9JIR_A!G]QE7Q0B&AC%H(Z@8;(=@5[IX3(04>%AU)]YWT\
M0X=TAX(VR&B_=5`1N'SH`HB_ICFF]V!N=H5.H(@ZJ`5)AH!F""_O0X77!X"5
M((F]QFD[Z%)W]Q^>2&W\`_\RMI`(QI%;(R$H97@JI4AK^V5OM_=@1<`U=Z`+
M?Q`H=P4Y5X8_@W:&.?B)#^B&$IAH=K`6>]-9G]59)A@T1KB)@BA5L6AN/F:'
MB<9!BU`9U&`(2U$3@:)PM`%VY/@KU2AKY9B.FS6%N"$@9E18;64NJM:&9S>,
MIJA4EJA,C3AFI/6-9$!V\8A[]!AW]BB+9B-6DB5C/>1VSBB0!Q.#FE>0G?>0
M-4B++]@%BE![X;*-OX@YYZAZHVB16%:1:^@^S,-G4W8O':E+`TD''PEKZ4>1
M7>B`3+!0#95!D"@$+RE[+9E_IV*3BT1(,!A2?G@T.^EJ&>>"5'"36^!?Z7*4
MO5?_C.L'A0U&5*BV?*]H*E`IDQ"9+L_&AG`XAQ)I:UO853EYB#QHB[HWEB#I
M5P%4=[I6?B(8D6S)D[Z5A"9978,(EFF9(UN9+_NH>&]'DS/H!7\YE-@XDW*0
ME:XG?B%%`)`9F9(YF919F999F2V8ER2I<5T9853`F)#455,9D]FH,WI(>1>Y
M/WQHEOBCCW_U?JW)E_OH09AT5O0D;'B)F_5&3&=Y-OI8F)>H!,>5@$\8;(=F
MC'3@?,C)2&])G/(CCQY6*C?I8=\DA<Z94(R7F=<X:3;(2"(9@[/YAGW)CH@0
M>5*5,DO17Y9A"/'B-:2PG<CWG4W)EVI()WXS-;=!-^!F_W^$N6!V:"[:%YYS
MD)&X``JTL38(RG92^7SRN6@-.EJ.XS<$(PZ@R5X":GVUV`3'A#`W=5/%B1Q0
MLPPD!C)@1J&G@H'(&9LN=:$MY"H<@1G4@!%8XI#J<X%QZ'Z]F0,<20,-R97T
M69J:]@45*H,M16K<N4[3,D$6`SQ+9(DTEGAH.9U!JIG:F9WX55L:^:272'NE
MEEHYZIO-N9>5-F%7:2]JD2C4L"\3X8I3"F#0]S\(-1=Y@`87H3"]J'#!-9J;
M>9U4>E%P%8P]8')',A108SG@!I1!Z:/S,X9S6856L(TS=$6[N#<$>A[J>*F8
MFJEA]*,)FD<"X%P71T<SUIA1R/]^-LJ2G3F264JJ28EG"-I&;J0'`*E7?ZH3
MYEF4W<>9K#J$2U<;>F1B,<8(SIAK+&J<3%"I8K>C*MJH;8I!'V:1S(EW?&H$
M?#8#*AF6(8E(T9BA"SJM_/6EMU*LZ4."NBJFZ%)G$L6LQAJ?M?>/JD`&\K(4
M8-%9(2,QO_I6M>I*S-50#9$1&L(=D8(0^K`'4&$(=':;8,FAX'I.X:(X%V$1
MA!`N&I8&F7$-8)9%5IF"&JL*F/$'`"HO,W0DU3$7W@B-F/977`87%N&.H;&+
MGU`,:O)DE/BA3+54<F8+CS`41?,0:O.I%>%&92$+("2N;T<)-WL;%&L<^C`U
M<'"S>UK_KJJ:L.;"*BCA9<:0#BY[('$&&L>Y>KN9H&KT->`('C]T<M/*!$#K
M))TZJ`EY$"VQG\BHF2D[&>>!%$^#"5@K)'#KJJD988H6!%1X-RT0#A6S-^#Q
M#GA*M#6P"LI@'FH4"6T+K"Z&JDO0$?ZZ!^UP)!'1$$AA19C!)I['I3A`%X?3
M=FGV"E"!G_)*6(E*AFMQH,$E-=>`G^%P"Y,5!DO!![2P*YG`NU*!&RK$*7UJ
M5D"P$H`0#H:P(>]P(A.!)*,QJEB@""7!`GB%$5%!6M=@%1DR!,C%J=LPN7RK
MIZU+B5(*`RS6M?T)!HJP810I5N')A5$[OH08I`J;ODQYI+B:*$"KJI:M8E!G
B6X.*:ZZC")^WRKV&N)0INJL7F&"1%*;2*)ZF6H22%`$`.S\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>u49135u4913502.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 u49135u4913502.gif
M1TE&.#EA-P'=`+,``,C(R=?7V)B8F;6UMH2$A:>GJ**BO8.#J^;!K.RB>/*#
M1.CHZ=_?X&1EF?EE$.#@X2'Y!```````+``````W`=T```3_<,E)J[TXZ\V[
M_V`HCF1IGNCVK&SKOG`LSW1MWWBN[WSO_\"@<$@L&H_(I'+);#J?T*AT2JU:
MK]BL=LOM>K]@($!`*`L`85=A0#VGWW#?@#`(/`(#]G5<$^BE!``!!'9QAH<P
M@W];`6@/BRY^5(&/*XV(F(8#`C$`=9)X`@6.``62CZ*.+`&F!8VM=G@#HY8%
MCW1UK8ZGJYNC#`..>`">>:JS;H^E`H6LHI1U`0)^Q'J>=Y^NH;3.KIG?2+PN
MOIL/TYZ4!*.<<\619\'&H@\`N`2<]:SJP:,%!"OBS,$CU$X:.SK^V+2KA^9>
MJ7\&B:632*T<*GKJQC`X-\?9&%7@_T(&X35FWAQ+^5:4HW,'%9I"*U+>*52N
MW@H&@6S:;(D1X*)!A23-F6;'8CY*#PK80AJHXXJ)YO18K$DI`%"?TQCP%,G5
MAZE5RRZJY!3S7SUF`%FVL,ABS+V>/G7^B^EOKKBSTTZ1<<0VT+V\2QTU)?L`
MZJFI^.9BS.M'&M*ND'<P7,N.\$F5<QUKQ;B(+:I0<`L',SN7X4YQ@T#>FC;6
MDE](3-&Q,"R5+-55CUFTB\P[1\)8K-GB9"--H=6<:+[B9L-@C"U3C0@E)217
MT->4`8DJJY<M*3.#M]!<BUUXU&1*K-%93:]88%%/ZR'UGM^)C!F%MMK:UV/?
M5KTR,,6T7_\]IN14AD/TD%7760DE!8EC]Q0G8!X'"K!976XDXX8SYY@C'AG/
MW:-4@BU`R,P<$=*G8A@[.>'9BC#&&$2+3;PHXXTXWD`C$S;FZ../0`8IY)!$
M%FGDD4BR2,R23#;IY)-01BGEE%16:>656&:IY99<=NGEEV`NV4F89)9IYIEH
MIJGFFFP^>0,#FR4IYYPVP$GGG7CFJ>>>?/;IYPT*\7#-GX0*8>=-<>H@2*(O
M-,(),ZKU4>BD.AQJ!#%K_.&',:"=6`H;F;(R@)UYC%:(4JPP\-PHI8KZ@*5Q
MPLJ"K+/.&JNMM>;ZZJV(Z@HKK[OZ&BNPM`9[4PO#"JMLK\<R^RK_KLXFVZRQ
MSRY;[1&'!O,H"]O"\Z@G_I7##%IW/">-2O*8HVXI28T1(*7P\I`M'X1UZ\FW
M-8F[7BU)G?M(,/2JRTJ[_L9KL!SLYI?4PJP^!]\:#..A<*D+EPMP.?FUFL?!
M''?L,9&6?BQR$HD66RFC(Z<\!,I*L*SRRR^$O+++,?QJK;377EOLSCCW#"VU
M/D>+[,]!3\OSS<0F3?320M_,M-%*3POSU'?*3/75-%^M=8Q9;^WUT$U_+3:V
M3X]M=@]6`Y%VS"X4;3/42#L=MLY1Y^QVW4?#'7;>=C_-]]]$XUUVU]@2#L/=
M?N,M^-R(2]TXW8G'K3?DCD<^.>#1+@XT_]A:K'VVP89_+GH<H8]N^NFHL^UL
MSJFW[OD3I;>N]>N>8[ZYW+<#K?G;E/=>LN5][ZTX[KP__KOPNOK>]L]7O,ZY
M[<HC+[WONP,;?>[7_UT]\$5G;WWW4=@AYDS4RF[^QILF>(;SYA/*OHZ2$.8-
M8>UWS'O-,4AS38=DT>_"N_4KE,S>MPDR<,M?_FO!&=K$P`8Z\($0C"`Q?`"?
M`&Q$%@6;EH4"F"24O4]0N4C&+`#(+1FDK7C<VU[EIG>\W&F/>,8;'/<"!\,9
MKLX0"30A![V6MASN,$^Q>Q,.?/C#(1DN9":C0>F(6,0@!7%N1,CA!YN(-;+<
MCXKTJ1T4:L=$J?]A\49/G%DD:D"S%UZ.AF=DG`W3Z,(89JZ&*VRCY+Q7MD-T
M475?U-H=\\@U)2(KC#S8(Q_W%+H/"G*08`2D$?RG2$2^H9&<\P&CXF0AETW1
MD7^:9`E-6$9,CNR0V*,>'.7(1CK&T78H9*$*@T=*4;(QE3K$WPV7`$I/1J:3
M;;`ES`RI2QAU[8.7Y&6-ZD"//(A//KTTE!(+V<B24=)O,RH'ISZ%S&3BJ):'
MLP&[@@$0.V#3FCD(IA-J&<;4H,)"_0/G#RZIA6_.H%@%NY=6"(-*-^INE"V$
MGCUA:493LC*)06`?.VG@SAQ4PQ;:PM0LU`FD@N)`%C'A9C$96@1+,@'_B2QS
M*$6I@$NU!=29ZL+9\IBW4=A=M'`AA182&Y6`EKKTI3"-J4QG*M.2+K-F(!TG
M)VF```?X]*=`#:I0ATI4H2K`IJPC*?,&V@.']K2H4(UJ5(^*5$PX5:I8S>I/
MJ:K/-?JS9ZNL9_+V258X"+,'3]6J6HM*U:KZT0D`O>I:YVI4=4(2!W>%P2&=
MF5:Z^K6M;F5J^9(@5[_^U:;L!"@3&"G2%_35L&L%+$,3F]>FOC-KCX6L5B7K
MUN19P5*%U:Q:CVJ\L#Y/<U]%XU=-.TK/"C$+H/U!9D4K5=*F$)^GQ5UJW_C*
MLIZR;LT+1U)O.EO:0I6SNF19UA([`^C08PU:_QFA##@11#L5U[A$12Y%*_LF
M>EW0&`I[06BQ.]7.!C0'$KO&O0`RW</EU`77)6]0M8O%7RJ7C#\0E7HM0L0%
M<BF^\MVJ!`=,X`*?Z0?,0&@IO/G'3:(UP+4U+Q1*`3&E0$H4U32'8`$,8:ZB
MUIZ[O6=OUV@RW[82"<#LFB#:L@H2<FO#$"YO*_/Y81*;6*R_Q:?U(JE4O'(W
MF[-D;SA;P.$`T_>'/[[I>8.L+B`/E@5%EN^1>TECG%9AO#&>KRU_R6,K2P%.
M]`QBE,D[Y28F6<G#E>1&9)MEMDZV96=6()O;/-0R2_C+C,(RG1V@`+#J&+>`
M'O'EPKI*)BL3SC=P)_^<QHQ=.]]YI$_8*Z,8;5Q'M^^]AHJS%R.!4=<2><]U
MC<,E[@`2%W>PRE_0,YTM;85E@$HYTC#URP2;Z#F#>JNB9B^#/93(2B%ZTVAS
M,`\H35M67V%@[!T#,554P.9HI\FQQ"L6GND#8HO6V%8@%S=GP8?>V,D.HSBF
MD(F@:9+V4)+6UJR'=0OBQFTL0=']Q)\%_4]"L\`;$UWS%B$YP(RB^]9`Q?84
M2G*&O"@D&2HJ&+D86]%R$S3-;9LTP''-06VKXILM]$("%0OEB?M4X%[S!X;_
M,FX5J;K-(/^:8!T.<7G-T]8`3_GI:`UI-$MR!B?/LLR#D`"/.R`!,J)Y%A3_
MS8!T0W;G0.BYQX%NA0$<X.E0C[K4IT[UJD\]PV3,JS"#672?VU:5@5;ZQ)G.
MS^&=T0`-2+O:U\[VMKO][6TWP,E,.L8GU\#HAD7Z#\0.<*97`>UP#[S@!6\`
MJPE]R7+V\G#Q?E@K\/W6?J<"X`=/^<HW0.[N3?5.9\!XNNK=!X\'=>2G,'G+
MF_[MF'_K99<`9IC?^O,]"/V>1R^%TI_^]FI/_3NSWN.1N![4L.>![.E,^RC8
M'O>WUWT<Z%>Z17O]"L-O<_&A<'SDFS[U+%^]I*K]?,?[?/I/J+[U*Z_\<);;
MW]SW.&EOG-MF13_+?N]GN\4__L&7_PU$5&SGYQK\_QV\/\;@YP3T5W^!=W^#
M=7C!IF'I-W']IP/_!V$!V`0#2("H1S(557([L'^1!7W?=P432(%Q1VX[-@08
MIQ4:.%H<N'0>"(+7YP59PTAU8H+=5P4/&&`1R`0?R(*YMTZ'9@,Y%V,-F`,U
M*%\WN`0YJ(.7UV!*V$Z_MV?K5DKM]@!#2%X)P'ZZ=80Z:(#1EDL+&',LU'[7
M\RQ3B%U5:&-C5398R():"%MYMGF+-X-4,(;&581*D(8@N(9+(!7O-B@Q\(,=
MEH)CMX)(:']B9&A"MD#/]6YZU7LQ(X/J!XA])XB#6("91TOCAA;]U82K!HF0
M)XF36(%HHT@*,@_IU(>:B/]RG"AZGOB)(=ARGF99]Q9KT"9>7G*"FV5@<DA;
M"6!@`L"*<.=?7.(#^$`,D+(&^2$S^7=W7N=G],8WN2A:9'=;],8"=DB!>*@$
MS"%=$]5>LF1WMIA5?:9:I64MSZA9T0AVT[@"U4B`UWAS=?(FV'0HWXA508@#
MY0A9=)@$ZUA_[?B./1@S8:8#\QAAWJ>"5K"/XU=^V;=[W&AWG`>'4W"/AI6/
M2("0UM>/>!0%?FADJ3A[J^B+.X@(&REE'4E\GV61R%=X9;20E2AL&0B14B"1
M?D61:L,H*(E[&&E^PM6(D[,"`REC7?6%M2*3=%6&0HD]AG.3R;<R.K4#U@63
M44#_E'-%DT:@E*>G?%KT:^Y%70_VB`49B`<)DFZ'E2QY,B-)9B4I?1\IECFY
MA%!PEHV6EO#7!/WV`%;9@F"`?EW)@'()@!RE%7=I>2K9C?+R6C7GD@()E5`@
ME6M%E440F.3'D&_"<G!9:7T)@6L)DFV)!3#(DXZUC.(HC;W#F&IUCC,&7#0`
MF92'D0B(8$ZY&3]Y7)=I@_OF`JI)B&ZI>H78AXH4FV[VE9'8,N]TFX1'.HC)
MB#ZIF$]`FEKEF$1`G)0HDJ>H<[-)A)GIBYL9@SNYEUX(G)T8EF+)=GCX/JV)
M<UWV3KZ97=5)A=?)BN.):9D6<8OXBJO3=5Y)@QTH@CD`_YUPIWMEF9L-R7N?
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MA/E(#;JI-&`0IK:2D\D%!8IC"RIB83@U'*>E=&DVY2F@.)*5UWJR1F1?-?FR
M,DNT"\O_>H#TIBIWJF#TET>;2?KJ45@K;?YX:><GM:&X738K`_J@#N`&(/>&
MM@U2$GA0!E@7ML!&;C^ZA<]U"LJV"L[E*H^`;\"@9F:88R7A"*HR*\Y@01\!
M)R.T$:+`<2DFGTUE(.P@&KHA&D=1'$IA"BL61W.[-S[JBEHK($6!#^90"(+`
M+O!0*NP2%8>I?3M;8K:2N!"C;Z]2N@5P02?"#_JV,YN+G)+J&J1`'BTP&(7!
M$)LP!\OF@B.X3C2#;_VB$JJQ+=[!7DKQMHZKD8F70_!03.F$<(3JCD[6'$@Q
M&2\B39S@%\O@*.'%M)PZ!8='/]R40?^B88J+%<J!?]?[`L;`X0;KI2ZSD+Y?
M>@01XAAW0`>JH`@2`11^@"JJHE%-NYMZ.D6*J""EEA\6P@KSTP@+];1MT`S_
MRB\#PP^[-HO>BP3_@2#V42]F,!WZ&R&FP+TK,D72L`9"@6&6(`JN@`S$Z`;-
M0;U9X!R86W(Q[`H6YBBG.R*:<`_'"U=@6Y@]0"#B00S-L"2QT`PP816'8+RD
M4")23`\M%A.18@3PR;LQ`4#<NL3_"[<M,$'JN[M=``RRII^T6K0=E9>+ZK?*
G>Y0A%F)79,=(TGS)RQ5F_%DERL3?"ZD>&CM#BU+(6T2)7`01```[
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>u49135u4913503.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 u49135u4913503.gif
M1TE&.#EA/@'A`+,``)>7F*RKL]?7V+^_P(.#J[QR2.;!K'Y^A=^PEK>,<_*#
M1.RB>,C(R61EF?EE$.#@X2'Y!```````+``````^`>$```3_\,E)J[TXZ\V[
M_V`HCF1IGFBJKFSKOG`LSW1MWWBN[WSO_\"@<$@L&H_(I'+);*(`#)]@-SA`
M)0.`IZK=!IS@Y2'*$QRF./.#H14`T!OS`!3HAN_%,4M`]L!O;`]J`%\=#`<A
M=7B+0WH!#'5S`W."`0("68^5;&]K!P&6E81D#`-L7Z&8HUBK$P)UFFL`5Q19
MM!2SHW85J@"4`9\5F5&V9(IKL!*OOHS-,WI6DV.'4XJSI6>'4,`/5:"7GY`'
M<["!>M=5GI.4$I"<$N,#A1.^57_MEYT7Z,'`\^J3'M0[\T#1H4>$!$+9Y:SA
M"FAD$DH<8`:-KT,3($HX5E`+QP=C_RI*\"7'`AJ,"DTJTW/A6ZP)Z=IE0T2A
MI*"5412!8M7QGL.?)S0*1.5K9JZ+-$%&89E09D<*TZSDDA2L`B>:9O2YJL/2
MZIM/S"9\C&K!FS*N.;4`D#I+T-H^0..2$)K03#`S<%$JW?L4"Z*Q#/!:.$6!
M#9^D;G8)[NIJVY<LM>Q4U%N8T.*T?2MPD\M9!-U"P"QV,J47VA<&AZ(0!JQP
M"FERN[B%+GBX\$R*FA^_V>GJ;EO*:V!3.P1;727:?#LKYW"%5@!*;AH?L,+'
MSI4JX[JM;2H/5Q0WT]^`O^664+"UV7&!U2I++'5>Z$,%JKD]RMHZ;[IW"X]J
M^K_E``8HX/^`!!9HX($()JC@@@PVZ."#$$8HX804+L<':AAFJ.&&'';HX8<@
MABCBB"26:.*)**:HXHHLMMBA3\JX*..,--9HXXTXYJBCB#!6Z../0`8IY)!$
M%FGDD4@FJ>223#;IY)-01BGEE%16:>656&:IY99<=NGEEV"&*>:89)9IYIEH
MIJGFFFRVZ>:;<,8IYYQTUFGGG7CFJ>>>?/;IYY^`:L`.*'`%"J9U@1DZIG4]
M*KJE'9%D0-J.E%9JZ:689IIB!PPQA(NC5W9A"F_[@&HE=,]IX*FI7Z[*:I>N
MOOJHK&+&2JL/A6326"C-V'HK#UU,0<LE^C'BZZ\ZV&%88^PL<BS_LCC8D44?
M;#2+Q[/0VK`+)!5@BX2WV<X@:AV8C!J6L>$&0>T4)S7J!+@G0!<03*FFVQF\
M)H@J#SM0%&KO3_B6L.T\Y/T+5,`DQ`:'//_9&0`!$$<L\<045VSQQ0C+D+$(
MDGFZ<9D!-"#RR"27;/+)**=,@!$?@Q#L1=V4`IF>(:=L\\TXB[QR$2U_0`G#
MCY7KKD-\P*29M6'4G//23#>P,Q$]$\GM2+A,TK`32C>MM<HL=SFU0)^"C<<K
M6Y>-\M-#1#WDU['EPDC69L>-MA!J"\FV!06#`7?<9<\=1,L(*"#XX(07;OCA
MB">^`!AW=Y//U5CS+;G?0+2\@`.89Z[Y_^:<=^[YYPJ`4306I*_AS-Z2-TWY
M#Y9_[OKKL&<>^IFHI[[TZCZT'OONO&,^NYFUVXXS[CWHWOOQKO\.LO!]=WW"
MY<A'W[GR9`;//-<\HP"]]-S['H0!B8<O_OB#(Q"$]=>?3#RPVG?O/O4\&.!^
M]XL#@7[Z):^_@_'S(P__#O+K7_3J]X/[X6]D^DM6^P3HO^\Q$'D$Q-4!;^<\
M$VSO@;O[GPX"B,'=1;`'!IQ@`G/`OPZ^3H,YX*`)7_=!'H3P@".,U@)7>$('
MTI"%YYM@SF)X@Q+>D',HQ($*?\BY%NJ`;#J\&0^U-4,B`M&&3BQB#I-HLR76
MP(=1=$`0;S#$+/\ZP(@Z>"'^K$@#+$9QBS;H8A;!F`,QIH^,XFJB%[4(Q3E^
M<8I4/%L%2W#!.:*Q!FJ,(AMQX,;KP5%C<O3B'VD02"<.\@:%9-XA8V!&)RYR
M!HTDXB-M$$GA31($?;B$JA*9Q4O*(),_W&0-.FF[3WZ@"YQ`&CU(><8ZSE&5
M-&!EZESI@2Z$(E:5)*(I8X#*&^)R!KJ<'!/%!DQ:6M*67CRF#)+)-UYRBFIB
MVT>+^JA(37$(`7;,W`*\N2$`Y%%E+KIF-RS1S.>%TWM`*"8-I1D#:LJ-DV+A
M5:G<^<YAPD">*Z0G#.QI-FNR()@_].<+`&I"@;Z`H,W+'C_#J5`7,+3_@PYM
M`1+/:3*#K@"A-ZQH"RZ*P8RV`*);\Z@*0$I#D;*`I`\T*0M0JC65IH"E*W3I
M"F#*0)FN@*:JVR,)N%E*:*X1CQPEF4V?X$QA&E602$VJSH0Z`J+6,I[OO*/]
MI)H_JHK`JL_$ZCM]J@*@,FVI)\"I"76J`IX*D*PI,"L%)6K!K+(U!6[M'UQ1
M(-<=>C4$8'6J6,.YUQ/T=7A_!4%@$_I41T95JFC-5U,9.U@[%M8$AU5B8C^P
MV)`V5I./36ID!399SU;VEJ'EZ&@35MJ6?C:5J3WG:D>@U@[>%05YG=]E2;!1
MKCIMLQ[HK&M/&\W8YG&V'&MM3E]K3.-2$;DA_Z@M!F][@MRZ;[<DR&P5@=L!
MX2Z7N$?=JF^G2E<^VI6Y\W1N$J'K,N6N%;T!5:\.V?M*]]H6O@V5KPBYRP'O
MOA>\4!7O>.G;2_M.%[\8U2\,^;L!_]X7P(X5L&\)K,ZZ]A/!)57P&!FL`0<?
M&,*@E3!7*<P<`S^0NB:P+OTT_$8.9\##)\9P3%EL2!=C`,8,1'$)5,P][(Y`
MN]B#FHES+..>`J&W([;Q!7`L0!V3@,?2\[$(@*S'\@[UO""&K8@AJV0+,+E_
M3AX!E`=(8TEVN0)?GE^813!F");9DV>F0)K?5^2WOKF5<9[`G+NWYA"T^7A2
M3L1XR2ODB=JQSR#X<__O`DV'0?_6RE7%\@\4S3M&?X#*ZLNS!/;,/41_@-(>
MO/,NDW4NO`VYR776JZB52<(-2#?&66[NED6;+%G.TM!^3+5N5UU-'4`"<@+9
MIEW)J2%PCI78&3+GH`F0SN1BX-5$CG5Z9ZW:',BCU-TZ-9AU?5U>WS,'B<H`
MM%$M[?A26[::?@"GI>=I#X`Z=I;V`*8[FNYU1Z_='7@W[.+=@7EW%=)?E;0/
M](W#<Q^WW@+O`<%=QV\.^%NI"+]PN?-K\.=&G*+<7O$/D,QE@`,VX?'+:L,W
M\'`$7OS0&>^QMPMZ\EQ//,$57V_+%9GR**\\HH6V,,9?GN&8SW?F1>7YC'W_
MOE^/*Q;D`!3YS5,*]*M.6ND;+SFATZ9M-=><S$1?L-$YB_0-0KV`CB:QJZM.
M9Z$;.>L;WGIPNY["KTMPV4T/Z]/'NO2:QEVP<R=LW8.J]NZR78AN!V'8[T[9
MO%MV[V<EO&D-CUJTM[CO_?T[%P/OPL%#OL&23R/E=R#U1^?<O!)G?'$=7^/+
M=SCS@-Q\&"W_^2N'?N"J;R/KJ8YKFIO=SJ0WL^E?C'I&QIZ0LZ<;V?E\=3?G
M'LZ[OW'O,?E[2`;_;\/O=/$!C?BYMC[2KU=X\SGY_,I%G]W37W3U_9K\)2__
ME-M?9?=9]_U[A[_2XT=L^;U\?F*F/Y?KSUW[&WA[_U4?'\_SAV;U]T_WATSY
M5SS[=SSXQ@$+]SDCIP&=)W:C5'M!)WKA!79P!VZVADTZAW+]MVO_-VHX`#3B
MEH"]LX`;T(">\X`9$(&MEDVF1H%.!WMT%X*LUD,<B#>@L(,\V(,^R(,)4`!"
M.(1$6(1&>(1(F(0)\(-,V(1.^(0]F(12.(54.(1+"(58F(5-2``'T`!=^(5>
M&(9@.(9B6(9D>(9>^`E:R(0;N$^Q@FQP&(=R.(=R"$J^`&P&PR2ED(=\V(=^
M^(>`&(B".(B<@1JN$&X3@(CA5C07XB^$&"#8806H,0M)H1#G,`N8$`V',!T3
M8@M7D`QBT121HBOM@(=(P/\)8?$UVM$)D<()4Q`-3&`&7Y`8ER`8[3`4D.$+
M]0`%E0@A^N$&HO02U5`*7_`&'O$=32$Z^I`JJN@:CU",8,,M=2,#,>$)JM&+
M>&$-P(`:8P"+$:(5\Z)/&_$*.;$3D.`&Q>($\^(6R%`6\I`3\Z$%GS`TYT,0
M^R$LUJ(3:K&-*#$;$+(+W1$=]%$0Y7@:H$")=R",6J"*(T&.!-D%L&2*0A`-
M7%`0X9"(GV`*XW`&A(")]Q@AO]@)["$04R"-8!,+#!F+RS@'#,F,T/@&Y\B.
M*AD>^3`+_#(+IQ$6EA%+$X(?GV@%\P`,"3&*R9B23.")A:"*7.`1S/`.Q<`X
@P(`;&U0""_2X',/PB"3@B`>BE5C9E5[YE6#I(!$``#L_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>u49135u4913504.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 u49135u4913504.gif
M1TE&.#EA/P'?`+,``.SL[/",4]?7V+*RLF1EF<[.SX.#JYF9FIQU9H&!AJ:F
MK,C(R=_?X/EE$/___^#@X2'Y!```````+``````_`=\```3_$,A)J[TXZ\V[
M_V`HCF1IGNCXK&SKOG`LSW1MWWBN[WSO_\"@<$@L&H_(I'+);#J?T*AT2JU:
MK]BL=LOM>K_@L'A,+IN+@X3`=1CX$@O8X("<GU?NNYZ;/JQ9;6]Q+W9'A68"
M:GN+6',)?H!Y+P62,7!R="X#@SZ'>I2,H5%S!8^1*PH)"6ZE!X$M`JFJ<04'
MCP4/?;>YCP>X+`NJ"J@*MI`/P:J9+7.N`[6M`@RRD+6`!;7.?RT,MI</L:YT
MUBN^#[ZECW.#`\.B[T1VI>Z!:0O!"\T*G.4']W")]A7C=<\5+P4#MCW8A^^<
M'P$'A@7;9)#9*E<"@@ET6#`!@V`L_^!,[*.08QH!B=JD0I8@9!PXS38-3,0/
MGLT>A32><Y.`H8)AKUJ4^@-39#`!A4KA^@8+7*!7=B+B65;.#<BC*Q+]@KBI
MY0J17KD*756P7::K7A]<NO2J5+ZT-^/N.)1F#D^$`_+N?`'R:[XV>9\=6EL3
MW,]5>W/1@4J5Y1R):?M6E0SV%+!5@1>\0NM2;9R@Q9C*'7W#4QK$4E<P2.SB
M&]BMBE=@%?W5S=,\=@IYZI>0)0N:6<&NH=D7^&_$60?ZQ@J<K:1$BDA+K[$[
ME=6>=A>JU-2+[:J!=5.YPUZIIT;-N.E`?&1J+"?)!_M\;6/K'\+V+:RO2^EH
MOJ.7<1333O]MTQ4X0SZ$#*)9&\.M,TE@#;I"2S.<Q*+`+[(!I@!2"N:146#<
M*5,`4BXL*$D!/U&244\,PF!B<JYXA>*%O?6&E#\LE63@C@4JY51C.,"7@Y`U
M(,?CD04FL@EZ/1!Y@Y,R8(7DE-*%$]0.Y&`)Y`P(4>GEEV"&*45&]Y1IYIEH
MIJGFFFRVZ>:;<,8IYYQTUFGGG7CFJ>>:&+I0P)Z`!BKHH(06:NBAB,+99PZK
ML=#H`PP\&JFCCDHJ*3>59JJ:II!>2JEJGFX**J>6DHKIJ*A"2FJHJJ;Z:*N=
MFNHJJZ6ZNNJGL=J*ZZ2ZYNKKJ[7"RJF8Q!8+!J_&)JOLLLPVZ^S_L]`N4M@F
MLIV3SX@Z#!AM$@%TZVT`-RU@P+CD&H`E+"6]^L,"*&V3UQJ?7;L&MB/.VR>[
M$/V1$3CMHH2+`+^PNZT-#11L<`-,X)LP`0PW3``-.E)%+3@PJ)L#8,?D=>%B
M^6SBL6::H2B)0)I)L]`"^WC<SL>!#1`JLC"?^NO+P0(KJZ@S[UJSS#!+>K#!
ML2*UI%4)942F7EE1*[31]]2R"<`%](PKK%*KMH###4_Z9V_7!A+I7Q\E!.&5
M0;21#SOW1-6Q9OV<LY`["/Z5X3HJ?U9.+(4-_,+/!;?@!UZ4C)CRVA-O^+>U
M==/QEXY!7(WUP[(-_HQRR-AV+4)G;[D#_Z]F3ZRQ-?[D=39%Y_QISLF&LY`R
M5Z)7?C;;>L_`-\*JXV4WXFLCN)-,N(N>R4](.(XU,"KCM0RU*F4F=Q'UHI25
MP+@T;^\#T5-_[[R_">RO\^`$O&CL+LR>WP*4T((Y1'C]]$<[-*;1C>T(Q?*]
M$,([3'P^L6AL(T)_!U9,_HP#'Y*^Y2T6U`)V,IA8##07BR2(JUSC$J`$.X&T
M!,Y/=3&X!SRJQ@.+3?"#7P!6L$!(PA)RL&:TNA7.3LBS%,Y*9S>CVLY>B#,9
M3@V%,.R5#7O%0AH*"X<KG*$+D%4$(I;PB&#R(!*7R,0F;DN)2H"B$Z>H!RE2
M\8I$L%FJL,A%+/\8,0I?[*(8*V;%#I;15SFKH1!W^"L5_M"-0'RC#N-(QQ;>
MK(=!O"$<]YC#-OIPA&,,Y,#"*,@Q$K*0B$32&1/)R!H<LI&0W)P+G?#(2%IR
M!I4<HA8OJ3=`1M&*4JQC'V/V1SNJD8]IE&,J19G'4Y;RE:WTXRI1R492HI&-
M15C0O%RQ2$[Z$F*5.\>'AOC+8NH`09G0G#&[F,F+K2&9&61(HJ9)S6I:\YK8
MA%,,#CDQ/^B.+Y58)B(7V8=Q8,2#^9BD.)G52RE\DP;-7.>7XKF$=V)RDVMD
M)1YK2;,8YA.5^]3G/^<(T('.TH?'DDTX<=!.>7*Q4?9T*!(]V0,I1E3_HD\\
MHQ$IRH.+8O2CQ',D2->I.PZ.M`K<RPJZ/BD#>@;!B![=9D-/BI-!0(039KG@
MCL*618/B,:#^+&A08?E3GPH1J*XJ7!XBI1X%]).@6QQ#3&W@4IJ6)@[\`40Y
MMD#$F0YIH59M1!Q05KJMNJT)E>PJ&>D'UK!:06F+<9XO*FB&>!YRJFZ5PC,R
M%(>B=<D*7AV"/3G:+'<\CP79P6)@7U#5BK4@G3)C;`)7BH?>%&@98G%*6?/J
M`[S>`+,X4J@R;;(,O&3%'\?@;$?;2M5&E=8?O,H2/T<Y25O.-I8QR\1C#A`I
MKO"6ML!UY4&'6TM3RA*IMY2L3*<6/-9>#`\__SE1:J:3B:VY@UH*5.TQG8L#
MW296JY=]K-B<EEI&!&!VZ$VO^-YQ5^Y^EAGDPP7I>K32X>1M#^=5KW[3^U)X
M]K*,H*">*S#T*H]N,@:58!<V*A?`D^9WOQ`^6'_OR=`:Z&ZPXAUJ8[6[@@='
M.,+2R@/(HN1>"G-CL0[U\(?W>P27NE1W&=E'-+-)XQK;>%`J7K%Z;WS?&F8X
MI"XJ\0^,>D<B\[!6WAI`DI?<+24WF<D!<'*4<5O;*A=94SG6,7J%NV%X4C6#
M>>#?!3VK+"U#&%QFR+*9?[:(E`H,S.!;LW[17`8UR[EO+U4BBF^P487>H``$
M#+2@!QWH,]PYO70F@_^=[\S0/3O2T1G&)T0/C=Y$CX'2L[.T&!8MYQV1&1F8
MYINFPQ#JGXT:#)Q><XOUK"Y(D_A)I3[8J;\0:X/-V@NI-K,/6+W<R![ATPNH
M=<$"<%0CJ[*HPFX`L:\,U>$&--=:7F,H@)WL91]YJ+*\K0RK76QL%]6?T-:Q
MM"O*!%[UC-K"OG47JGV&<*^XW)(T8Z7076MU<X'=:4XVGUW]:,$*.=CI-G3`
M\RWL(7196+F4Q%WQ70:&*UK?'8QW5)MK8H#76^`7)WBM/?UOAU]ZX'6&N!'X
M#01ZQQK-R+6M0&7%<&/;,N6E<O>'F9M</9B\U"AWN7%?/L.6>[O;S9::S$'_
M[&/`NCJBZ/2X&)0>AJ%#N-&.Q:0.7,PJI+N(Z6#`^A><SF(@[/G@-+AYJ.V]
M!:WC6N0G]C*YTTYQ+UO\Y!B'N\9CO5:I,[:,)`][QT%.!K-W@>OZY3BL^?[Q
MC(>\X'M(:4K!2<RKIQOHV78YS;C-[,@+=8Z`5V_>[UYAO6?H=(RWP=MQ'G?2
MS[W4;&_\%G37U%")'=-DUX+?N9!Y_@)VM6;]+<[(_)'9EYWPFT;[U-VHR<;E
M`9HNDF:;!E!M'L>I^<Y_4^W1RV/<EXZN/VYUB7PO>^`W7?C#0BMA`YR_5R.<
M+]S/0OJQ,/WUMI:E1G@]I6.O?N^C&OQRX:GH\;WR_Z!#GE?\1TN2%USMQS>;
MYVNK9GX6MGY7P(!64(!L5@4'6")[9WA]9W];AW9J5403N$48EG:C-W:E)X*G
M%VKRUD=9\(&9$H*P-X(M6(*8=H(]]6L5*'<-AX%GAWCOEP0FU5DNLW\XN&Y!
M2'OXUVM09P60M8!#^'L6.`80*&'P%X6?(G^'9FW'I7/!M6V/5WDJ=WF1]X1`
M<WZ4E&?*185W1G]8X(!5`(9XMDTCUX%!IES;MX3=UX3!IX.[%GY8@%>3PH+S
MYX)_"(.4)GA`:(>D1H=9P(:TPRCE=G1N4$9^6(6`*(F">&AR2(9?AHE^!HEJ
M2`6=.`6*R&=U56`U:'HW:/^(]U=P8"=QFAAZQ?=8_(>%5):%C>)S_L>%5C8J
MH?@$J\@H^O>*P(!U^(-8(.*)B,A^1;AOG.=%OQAVPB@9?P(\QHB*&8B'!@>'
M7S5XU`@1;-!@3/")4K"+42=5NQ"'8@B+&%@1&6(%X!@%XIB)C"A2-*>`YJB$
MU+@0&")C5=".4/".TF(DKGB)D7B&"%8RV,"-['B,5R".78:--(!]P*!\;,)\
MZ:8FRO,Q-@9]T=<FBEA]/P`OX=2'I4B"-:=MK%1<E-)R_Y>+Q[8S_JAZXV@%
MQ:![`7D@_/@$-^D$+XF`/'E+O;A:YA8E.=D$0\D$.VF$4_=?CIA)`REG:-B`
M"OG_@,DH!82U7=IH@Q=XCW\WE8M`1#&%+$VY9D^9D%I)A-;XD_TV87!6B+$6
M$3_QEG`9EW(YE]&%!$6Y!$?)BA/G3B.):0CP.(`9F()I+D>@=7MU6ANRALGX
M3JY@6`WED#4IE,+VEX)9F95I+EU(5`Q`>:DR,0R`$GF1F<Z63WF9A&=U!\UH
MD\)FF:P9F(1I!(;)#^5'!:'X18P)>F9@AG)&F:W9FP3PFD40FX\56J"H;[99
M"9\Y6GDXCTVB<*P":I/IF[X)G$0@G&R@F-;8*M_T!\J)EIL3F3X6EF8FG=-I
MEQBH-#)!G.$(?A!U?-G`79GDG0?2EY3&F^1YF>:YC?I"_SW>:)1<"8]VQY=7
M66KV>9^NF9]8Z83_*8]U!YE#I)MK9J"L29U#<)=*D)<MY:#&1U7BJ64%*J%8
M`YS]ERL!"$LH.8LHBJ',*84!6H_.&)T@>J"%&978N7',Z$!+95')%J.#B:"F
M^'#"1I=".J1PJ5.-^&.7")VU]J$\^IL^&FH(`$%2.J54"D%(P(9,VJ0]=HYM
M9X^QEJ4Q2J%"D&Q@&J-7NJ--^CA;JJ$0.IYI&J)/ZI=O.CQ'H(ASZC!Q()^;
MTZ8>>J<,(Z9!0*9^RC!GNJ2#2@!YZE6]-)N,Y5FKT:$Z5J82BIDLR7.".JBC
M&4,/8*>#NJ7+N`-SU5:.JJ2Q=O^HE*I'FGFI?IJI.K2I:.JGA7&`T&0Q5H=^
M,'JG@`H$JGJGA?JEA^JI1(!\D]`+XE"LQGH`")"LRKJLS-JLSJJLJA"MTCJM
MU%JMTWJLV)JMVHJLS]JMWKJLUAJNXBJMVUJNV_JMZ-JMX[JNUFH`YBH._4D#
M3=4%860R'/:19Y!3]TJON^9H>KJ7,+!X`"L$D/:OS+0$_S5\$4>51_BI(*6A
M(S<%8515O":*)CJBHIFQ*XFJEJ>97.6O$.MU!X:P`NB%&LNQWW:+7#9N;AB/
M-=>+4+11>9=6^WJ-O@9*>BB!,VLQM@6,461,CQ2RR4(A4]$GI`!=\`)ZY#,&
MX9"8U)/_8%"1F`<D8+CI!2@2$?-2#(EZM>Q@#DZC&-.UHCVIEF`0"`#$+IB%
MMKGP#+[`6]5%&UT`#<@`">_T&4(#.A"Q->1('VH0&&GAMXJ1!FIA%X\!K&([
M9&?00%K%5"^P&*MA-KD@./H(!A<24A'%MN40-Q1AN%50$0S0$[(!%[X1"*O0
M$KMEI"*;>O#&H%_&F"N`(GX"%).1"PM"-EU`%9KK`MR83)H;8YP[!492$61S
M&X-KNOX@'B:6O%3)LZT("']`#N4E3`OQ3`BR(??P5S^'LAM;6==0.9(B8XGY
M-PQ`+?IWDB-:=(!0#8BQ&W,0*>H#!VH@C>Y3L<J[(W91#+@@_R"<H+_9@+;2
M2+LM.H`HZA3\(V(_.!4,(2%OPUMB-L"25GDUD`[&`##1.@CI``>M0`>R(#(]
M8;#URZ(."S%U,2)EHB\ES"\&A"X>+`3].QP*42;_@B$8\F9:8$0WL@HD?`\F
MK,/@D*?\V<.H*X,UW"CTVUJ6-;`TM\)#$&`\8II(;+$9&L5#-E-*S),;&%8>
MU$P'1W5J-\4U>P5"2[+\FK-<^L4(&[.,H*$R*TC/^<155+!(646IQW/9>VTJ
MVY*XJ+UHM8,PR2-5;,82V)5PK)=`.[!_',)I.8/-V\<.5<1DS($1^\A27$0^
MZU_RY,B$O)Q0/+8_"PLM\\F@',JB//_*I%S*IGS*J)S*JKS*K-S*KOS*L%R,
M+04%H50B#.``N)S+NKS+O-S+OOS+P!S,PCS,Q%S,QGS,R)S,RKS,Q_R[>QPD
MM\S,TCS-U%S-UGS-V)S-P[P`8=PXT5S,W*S+X:S-Q_S-Q_P`Y)S.ZKS.R%P3
M</B3'V'.O"P`O,PNXDS/N%P`[/S+MPP`Z$S,^BP!^SS0!+W/SJQ]G9Q!MQP1
M!^``,Z(=`Y#+S4`]Q0``.04`CP``N#P`&NT`"R$2<P``*,-;'^$`#5T,"M#1
M#EW1_5O2)PT`SA#1#8W+<F,0K1`'`"`@!;W3/#W-SOR&G;70#L#-#R$1N6S1
M0PT1G[D/0CW_T_6,$NGD`$AMTLA@TE;M``J0RT7=T..;"U;=T.'L!Q%-T_@\
MU`N`U4G-T0ZMSSW=UFZ]S1^\>D*-MI&R&F,MU1'-$Y/B,E_]RQ$QU/T\UKPE
MTU8]U28]*5S=5WT=SFJATGR=T_=@U=RLUMCPUI9]V;N\IFH<LP4VUP`C(3"=
MU1M=#`S`M=F@SR6ST1UM+1;]SYKA5"9=#+$]#+G<O[6`$%@MVUSM#X8-V%*-
M6KGM5#F-VYA=W);]TUPPSNN<TN<PS*(-S"7]RWQMW-1=W<#LPXCK3O),SNAS
MU\#LU/Q\UKX,T]9=WN:=R^Z,QJV*5LI]WN[]WO`=S`=-RQ:UW?%]_]_X;=[(
M[<5N'"7VG=\`'N!OO=]:T-[&G+<2K<NWW=`W)>#";-$IK<LY'=$+X=T"/@UW
M/>%X_=S7K-FTW*+(\-_"3,\1?M6Z/`TYG=0.#LS,S>%<S=>1O>)@+=XO+@$+
MD<T$GH(B#M>X/-,BO=&KD=64L.*_;"8HT>,2,-/1[>`;XE0H<0`2\-P<7LV)
MN@<&?LQ.[=0:3=Y#C1%$[LL:(P`J/0UM@,LE[N#'*]!D/M;D@^,E:70M=>7%
M/-TF3M/B_=M?[LLS#=Y([@`90>0EO>0YO>533N6(W$K_^DAR/LPTP=8^?M8)
MD,O=H-)YKLN?<^2_'=!DL>(PS39'[@L]OKT/E$[-L=I.]-2S0[+CT*TJN*S2
MHU[IP"S04LW+`-`H7_[-E%[KD?+JTISC>ZCJL![LPB[,GMK-C+SHPY[LRE[/
M7$!/R+[LT)[LOJZSSQ[MUE[I5:X'0A/+W-[MWO[MX![NXC[NGQP&#3FRB:RZ
M:^<EQM[LG-VOD@SO,9G)W[FR>FS''<NJ!+M(AQS'AYN4#=OO8(3N!:+%BT5(
E/<C'"(?P"KL#*0`"#_#P$C\!$3_Q%G_Q&)_Q&5#Q&H\"$0``.S\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>u49135u4913505.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 u49135u4913505.gif
M1TE&.#EA/0'A`+,``)B8F;ZMI-K:VX2$A:JJJ\+"P[FYNM34U<[.SX.#J\C(
MR>CHZ61EF=_?X/EE$.#@X2'Y!```````+``````]`>$```3_<,E)J[TXZ\V[
M_V`HCF1IGFCXK&SKOG`LSW1MWWBN[WSO_\"@<$@L&H_(I'+);#J?T*AT2JU:
MK]BL=LOM>K_@[8$@<"D,/(/B6`"@B><H64`@&.R%^MU.>.3Y:RYD8810"@-]
M+00`/`")1`@#!@A%BU!V#X=\!09W`))U#P".=X$M"HR%JDN'B(JI.HY&EK.P
M3`<#98<P!K:R,VZKPD>'!0.PE@>4#P)KRF-K"`2!CGD'+`>=UP\(R@3;+7D%
M970`R^$$!2O/T]SMW`H*X+0"=^K<Y_+NXRSB+`KI7M#:)=#7HQ7U#&SK-:SA
M$&,/#$A:P7#@@(C'"!QS-/%3G0'J_S1IO#9JT4$!)3\AB.2J1<H^$CF6['CL
M&"6&D=P<JS?@VJ%LB$:M>.DGJ*D5$S,ANO/F`:VAT^*1=)0J$CB'6'<0E(C&
MDD6GJ6A9^C4V42BAS%I(9"'TZ0IC97"56R&643!1C,HBG-CQVX!`(.$^D"NQ
M05IL?U>([,3"[:=1P2:60=HTJ^4;$.F"M,2P*%BZ8>TF@KCQL:B#;!_MZMRX
M]`!IH4&?5GS14F**C"0:.V`,,BC7"E"^-G.;H`O6L]6V1(KZLO,8QD5M_*R4
M>EU1;TA73N[BEV>W&`7%_OP+HNU[U`<<X]93^0LZ[?^!I`W#\7:ECY8_W_\B
M,]OU:X77V?^`HC$CRR+DK.%=.+D8V`=XN+P1'(&XS8823'FE$N%;M[7T3%+!
M!<<=4O?X]XI+)ZV1F0"W\>>B?"Z@Q(APH]0VWE@U`7`-C1W=I]EC98"'48W6
MQ?;83I_Q^,A3.:DTY"=#QI<:?06YI)YZC-0TVD4O=GF#/C>L=,X*"(A8@P#=
MG*G`F#(XLF8,!Y@Y6(N*'=7,.7%.II8M/KQ)5W->!AKH@C4(^0,`Z`G!XE6"
M-MHEH3-L"`F?0##FZ*5=IGE#G$<<H&<0;&(JZJBDEFKJJ:BFBD,#AJW`*@NM
M/O"JJ['6:BNL+=SJ:JZPULHKK;@&*ZNNLO9J[*[`)ENLLK,N.^S_L<XZVVRL
MTOHJ[+2_/LLLM-@R:ZVVX!+;+;+A\D#''NCJH>ZZZ?+A;KOMOLONO/*Z6R^\
M],:+[[UU\.OOOO_F2V_`!.]1\+H'$YSPO@8S+#"_1ZDJ\<1<4$OQQ1AGK/'&
M''?L\<<@AWR%Q2*7['&S/*`\[;<K7RMNMN-6*ZS,Y-)<KK<N<\LMRR_G7'//
MY,8L+L\ZXQPTT"W_#$72-H_+-+5`-PWSMTT3O:W15?M\\]$S1^WUSEH[C?38
M12-!LLEHIZWVVFRW[?;;<,<-!,IRUQT%U,3:K3?'0X=-]==7<ZTTUGT+OO73
M8`^^M=1A3UTVXH0GGG7-T!9Q]@R0A_MW_]F,&PZUY(5/+GKHGP?>^>FD@ZYZ
MY*QC0??>L#?T>NRTUW!Y[;A3/'ONO.]0.KB]!R_\\*3N_L/M+EB<>NNH<PZX
MYGY'[[G5BS\OM/.K0S^]]#8OW</RVD=K_>:F@Y_Y^627C[WZ[(=O?OJ'(S^%
M_,3K37_]^+MH?/[\]^__$K\#WO\&2(/]/>%^!/2?_(PGMO55SX'7:QWZ'@>_
M"#ZP?1:<8.`T&+_D56YD"`1?\S!(/O=ECX,-)&'7(%A"%%(OA1V<0CL04*,S
MR,(P,J+$(M!`0P!\*H'^(P">!M"`O"C`,--`21Y$(8IF``J(^'N'4PH`$'<,
M!2IKF$8J*`5%D_\9,'FW$R(+B%C%*C(1.UFDX15C`(!XN/&-<(RC'.=(QSK:
M\8YXS*,>]\C'/OKQCX`,9!TI-X-W,`8E3@E$$A'5![LX\7)<[&+LQ.B4A1S(
M`#D$"P]'<;M(2A)3)/MB$N*A@V;90H3C6Z$*-UC!%[I2E1>,909;R;W0Q4"4
M8`#`*Q4W2UCVDI44#"8P5RD^%OJ2EMM+)A@0V*9/?HR96/"D,R>6-Q_@,@?2
MG*:CKNE!95$AF]KL']/6&,Y+<1.`F,,!.,MISKOE"IJ[BN3[A"G+%MKSF/2$
MH3YW64QB_NZ7,2S$.=GBS7D.LY[XY.4]#[K/6F9OA`A5*#T;E8J!LM/_(0;$
MVQ?6>5'^6/0%'Q4"1SO*-GC:8*0D]9))E1`SEZ144"N%04B]&2W,M0JE+^4?
M(\;I0H<V[J>><QQ#^6G0B/;3J/^$W]QR*<!WYI.H0CTJ0)/Z5)^:D'FIE*A6
M`WI+&020"SC-*?["6LA`H"1(:"$3+$)#5K%J(:;`J`0UWB!%`YTC+!%S:PX6
MR$RX-E6F5#OC$,1(PV^`!3V]P.0:%Y$HO>HO6UX5K!#:48<VL&4;;K@#.47!
M*,>FJJ+*@Z<8&3,CIRQ#1X@\8Y!"Y=F]0G.F1P!M`1/7#AFAH21%5,8H*%'$
MH7B'JEL%KE21.;H39G6X"44N&)O@UT.MRKB]_U(L*HT9W*@V5)E%G:IUMZLU
M(MRON3YH:VN%`=XIB'>\;[U<>6<+V4:@5Q6PM9W92N@2C=[``0X(`'[UF]_]
M^K>_`.:O@/\[X/R^UPI@&LPU.'&0.`Q&L1&)F"G9&P/\6OC"&,ZPAC>LX0/?
M4KWVS<$[<'$-.Y@B#W<X`*+R8@^G;E:F,^"PC&=,X_>"^,,N%C$UEH$)MI3!
M#>KXQHR>*%D;-(O&2$ZRA87+9.M"58+$;3)0(3I.+H@1%T(!R%JAHD-4O-@E
M@52RF&<LR#*;^<QH3K.:][B#=@"D`>V`,S5^;(`@JY@91#[OF/?<80]3>%7(
M$R-*4$&'-C2#-WQ0L?]E-]%,'_#YT19V:WQOL#\PC6'!AF6,@[,Q&34`(\0U
M@#2D_4S3O1;!4S`^J7PK+&H^H]>D5::"KO3<ZCV36G\W_4&M;7WK]EIAI2B=
M%:MV/>:J8A>Z_N1N4*W:4T+6E-);`+9K6T!L,1N[N%"FKG*WS>0G7S4+D^XJ
M#?@$S6HK6:^S6V`I7_M!D-:`W#F&@;F3[.?U@E77\ZYQK[]G;]]!C=;YEO%%
M,PK851,"X`'?\+Z_(&U')YS#"X<O_3AZMH=S6,K+/G:VAVI5*B_TJ$FX9K]!
M.O%4A]KB&L:XQZ^=76^OO+H%=[<U1\X$V3I;WBC/<#C##>T@Q/K/O75XSB__
M''&>?]-W+!@ZAK_PCK-&Q#NH0!1>'@295%43Q^#NI,%?H'2B>X&24D?D.WR(
M2#[UN$M&7[?EL(GOKCN`Z=%P1)SZ((VWC$(=NUW'>65'\W97`>%*9[H.T]'&
M/IBQC9HU$$6(K-*^ASRF@!]ZLJ<<NG9THH@HD?,5SVJ8G?I0X]]^.<AO/@3'
MSRS>;$=]C-W^=J0J6W2"'@4:>O&@3NRVASQ\1,N3V^14',(<,GI$C3"YV^`;
MP?1`(#<S6=]ZAY!R/[ZGJYU;T)-I%#$@AA7H\3K_;/8ROW^^GT@IVNBJ*GH^
M#ZC(J^%(#D+59Q-YW]>I6M#`"2X-14%7K+_?7Q3Y_YR#'R%^0%=-<6>)E%IG
M-U_[YP3]AW+_!Q:?%PH-<!&6DDEUD'9.8%(C13+Q]TD^XG.6D8%<QWHJ=URO
MPE]=%P#8EG&B9W+NM%3=%%[L9P/,-X+:5H*LAX+3-7FD)W,O6'I?=8'OUG9=
M9P4FJ'0HN!\C%U]2%!"TQP(4&`P]5`8MLU,]L(%34(1#=X2C<G5'8$A](':*
M=$2,Q$0^5'=L)(2!5P58F'-:N$S6A`64A`CQ8'B)L$5BI$5?1E#I]()6*`5K
MB')MB%'>]5REI@AKD'YC:(9VF$5>5F1@!DC,MV9XA``!\(<6%P"2F(F:F$=M
M1@EUAX>4M$CFUT1F!`,+:/]Q1'B#%5-`ZN9=</4.)O%TM?>$F_1Y9ZAZ,K"!
MUY6"S6*)#Q<`']=M/I,`Q%B,QGB,R)B,RHB,E-8JX48RSX=UMUB%K,=RR/8`
MOIAPP,A[3N8S#/"-X!B.XCB.Y%B.X]B,WM,#I_APJ>AV@1@%YAB/\CB/RX51
ML:)+T[8"?1@%V1AP[P@%\QB0`@F.@_)G(>AV[7B"5C"0#"F/>VB01P!-ZYAP
M"6F$"]F0&'F.KAA-]2B#U:B&JE@%&3F2!)D5NZ-\.+"/4-"/^?:/3T"2)`E/
M/!=*SO4],\AL6<62\P:,WL9!+`"3(^EOZ`2#A)AT(HB3U*63YL:32'E0Q0*4
M&=G_D<-@2GWE`BKY!$I9;2[I!%")D5+Y5Q?HC/<C3?MSE4Z0E<2VE4W0E0UY
M?,@7A$(WA"#ICA?)E@(I!&^9>J='`V;9!&BY:VK)!'8YD*M8E-V!AI(WEPHI
MDH,9D"D#7A885K'2ETSPE[46F)9#+8WIF'1C@0J(=/IXE)17@X9AF:V&@P_U
M/,"SF?1H9'?35_>(//`GFBI(@J6IBCD82R#%F@[)<+#)%K*Y>@BIF!;)F+Q9
MC@49EVE(!:8I:IBI!,=ICAY8B'B9@/"6DA_)G"%)!=&)G`D(0.L5;%:9G5>X
MG5/0G>0HE&$PD0%7D5E8E^A9DA!Y<(CI?\3YGLSE5/$I_XZ1M8,(V'-Y^)WQ
MIUVCZ2K-"6E:N(O"Q7[[&8Z_5EZU0I:S.9P$6INP<J"/EJ`NQX4NT*#RN9&V
M0W.GI`.4N008RF?/F00>^HUSDY?,))[41IY^:)Y2L*(,L)=2$$):]Y@EJ@0G
MNF<IB@0V6DJJP)[YYIYL")_[F9S4.)S:29=AV:$K*HU%`"8M!A!-T0";!F&>
MUFA4>I!R^:2+&9&W8QA#&G/Y*`-C]R8FU@^)MF).T6+:\BI4R`,W6:!(=9MT
MF9NO8T!G.G,B=EH\5AF?!V25-&0T5:?=EXNT*7K"^*-CAII8]9TR<*;!.5B!
ML`>9\!2+F$A;U"9AQGJ;2$>4"/^I8H:)HTI'-BI(G>A2='%:=&9GB#J-6Q>:
M3EJ>4,J=4TJD/C!#=987AB8/*"9DBR:GIEB?#'B?2;IV-_"G3Z`/"5$&>5`&
MFO8&G$81ZJ>'31JFN#JF+!4#SNJ#1D8RJ$:47SJ>MSJCN>I.X>J?/`B67RE2
M-B6<W*JNWNH][9HR\R-3.'5D'UFA5&:J2J:A';<#^1JO81!T[HJN<@FPUB.P
M24:PRC2O,V"I7A5:ZXFLJ*BL@/AX-'"PK'A\)K<[$Z:<B2FFQ5F=%RNE'LJD
MXL9JZ<J/-+HT(/N8'&FR]HFR^*FK+>N"6Q!LU-*C20"Q2!:D1W"P*J->S!JR
MQXJP.!?_LRLYLP"YHE]D@33I7#%UIQ;J3WJJD"($EE]DHY[Y=QK[<#3(M=B(
MFP_%M/%6LRO+5#B;K#J[K-.9`V[K.F+YLHZ8`T*+!$1+8T9K!.$*6V.K:@_I
M5'U[!'\[8X'K77=;N#CJ7G&[L7/;L>`)KKOJLUF`C_NG@3(JL^M:HU1KDI`$
M:KZ6N$:PN#(6N,)V-@ATMV@*J"P8"V5+D<W&;;FBNAQVA)F#L*^;N6DJNT5@
MI//V;;WK-;J[8;P;-470KGGIEMIJIY\;M:'+!)H)O+%;!2]J3:A;!,FK88U;
M>K"K=KP:!)YD0-U+!-^;8>'[KKBX`F);MYN;M_T9HU"+E5+[_Y+86ZO:6[H`
M:I3W>Y;YRY7[&VT-MZW+V:TIBXZ'6['8"[E-0+SFUI,Y>8,MM:CU^[$/_(.^
M&;VEI+6[IU7KBV%,N;!#X+9EVER_"9?G:K_U"KKW6KX4-BOC^[^@F7RUVYX<
M>XE*&I\0;(B^A2&/0(O<,`H_Y*H):#'I.P0C?&'M*P0UC,$X`'8(841T$1QC
MZ$AO1JL[L,1"T,06]L1ZJ\$]>PG48`Y5I(BRXB:>.A3^B\`GJ\`[BZ;?A0/Y
M:GJ49"!E5(=#X6E"]*EL!!F"/,B$7,B&?,B(G,B*O,B,W,B._,B0',F2/,F4
MK,B3<<&-L0:3X4-67(!93(H'\8PLY?^ZUZB@I1R,OL;`LRM0-T:=@N")LB>+
M<4K$/62Z@KAQ`67*DVHZO?,YT6@V!R1.STNIC?>V+2R_JE*U/J>TV:N>\^FQ
M^MIK/QRY@3+-,7C-;?.\A#O,+\)NKFS-EZ'-S!RBSKP*X"Q.%"L#\&$33J$>
MUV`8$C$?,2$`PH$&5Y*MP@NY*3RN.S`&"D$1VV$I$:88E8'/NFR\/>,/B@$.
M#3`&O,5I#5`/[UP*3KO*S?4)5/0)]<`=F(0@K]$O.M(3DB`B*D/.U]RZR\3!
MQ]%&;1`/G:`:+QVGZ3"L9&)_)WW*M802:B`6I@!G-'0`BJ9+*W8`150`G65J
MIS8?S)`42MW_&--@(Y'Q>_CL.L0LPSN06HKW97:!9X5J("-J9:909XDD$&<0
M9$O$"9S%OS?,@ZQB#*8@?GQB%>91$@_P%P!!)ZM\,:5X1@[V#[?E6U?D!N:0
ML?_P(*%BQ7RPJ8?E!<?@*1K1#9(P)M7`(H6U""2VU!UHU4.)S7A),EB=>4[G
MA%U=#C^6#1HQU5>PA$$6,8PAUNG0!V@=H,<,"5="$^NA&>HQ)/3\"9,`)%O8
MV:"A`&T09$GDU,&Q"30MVUF`"U0D%F-"0VL2U*+0!KR!8F#0"XAPU*,L.]"K
M5O,A#2E&)HDVT)E0&9FM!3QABPD6$4SQ8.3PS]EPWC*\SS8`U.ZK4=D5K;VE
MYSM8RL^740^V**[PJM;[_8:`9LR;3;Y!8\.N7)0AC+MXBLFS;<+.P4"VG,'<
A3.%`B,L.6X-+R[;S,\[`K3$E73QU#,P-CN&.%U,1```[
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>u49135u4913506.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 u49135u4913506.gif
M1TE&.#EA+0'6`+,``)>7F,C(RM?7V+*RL^KJZZ2DI9YY9**BO>;!K(.#D>RB
M>)N%>61EF=_?X/EE$.#@X2'Y!```````+``````M`=8```3_D,A)J[TXZ\V[
M_V`HCF1IGJCTK&SKOG`LSW1MWWBN[WSO_\`@(4@L&H_(I'+)Q`V;T*AT2JU6
MG]:L=LOM2K'>L'A,+H,?@X*@-0#4`(''NC88N`:)!&!>[OO_2&=X!2P!>34)
M`0()?#(`=BQX:P-Q@):7F#>">82+``F(<8V.D"MM.929JJMA@GL);7"@:)PK
M`05YB0%N#[MY`GAZ#0^/+8MJII"W`I][>`!N`KB)O8]ZOM'-HZS<W32NM'N&
MO8G,=@EJBP'CBW;K`P+FQ*6V>:*,\Z?KAJD%XHR&XGQ2E$A?)6\($[H`AV;-
M.``%UA50@^^!+E"G7/";]X(9M8EX_\B5HF:1TBY*LS(^VJBP94N&A4!!JU-G
MW(J+:'C9FEBL&`R(<O0HT[.&)#J:ZU+R*F9HC\NGW6#6R\EBF-&DY/A0ZTEO
MP+`'$U?@6D,6EL5*0%<(L*D27E!Z4.-:DDKN00.AQ9X-M/DIC:&(Z.1%@H4+
M+:&<>`0^0EF@#5:J^:P=E$O9SYFU+C#;K<EB[;IX!P/4:0!,M%=%&NO,,30'
M6"HYJF&GTJQ9D>O)E7./.4,FK.[?P!_P%K-H6_#C+H>'T8R\^5/ESJ-+5P)]
MNO7K/JJO^&J7N_>O#;Q7%;^=?/>JZ,NG/[]]_/KPZMO'M^M>/GOZ]N'G-Z\?
M/_O^W[W''_]_]?D'8($!WI>@@0.^5Z`-VMUA''84ZM;?"Q&V0%*%'%XWW(4L
M;-CAB,Z=<0L<.45TDRAM%#",-#Z1*.-S+L!R"S&BX;,5'/Z`%=%A,P:9T!D0
MD:46->7@4YP_$PKI)!<'PF`B-*+X@V12T%#90%]/=ID%B!#"@,M=<5RICGVL
M[>?@?`NV65^4"B(HIYIT,BC@FG&R.:>==;JI9Y][PJF?H.;U0*1HLB15IF(2
M@55'15Y&^H<K*+:1!B%NY<24/[A)ZJD8&7XJJC>ACFJJ*A&">>JJ3%RX(`NI
M<L?JK$NH*D.I+R1(Z)V`]IKGKX,VZ*N@@0K+YZ[#$O@GL,(BR^?_LP_J\*&L
M-03+Z[-^8ELLK\YF2^RRW;YIK+?*,GNMKN-N>\00IM'D[KOPQBOOO/36:^^]
M^.:K[[[\]NOOOP`'O.\HN-I*Z\$S4)M=M0@WW$6J#D<<A+,MX"KQQ38H[(0/
M!F.,L,::P-"Q>K:%NUTE)INKLK;@JLLRL"Y[&_/,R9XK[GJ!S-"IK(K`04F3
M8G;J,78C;RR#29"X!LQ:S(BFB--HP"/::C^35`<:#8G6P-6E#6TAR#M4MQ(R
M3D=4D\^4$*+&'A.A)@U8S"13!R%P^*P(34![W:'8E*3B=-^4H)U&0VZP727<
MO#B]"XYVI./BU7H[!^=]L,[0V-*]P*.Y_T2EO=,X6+=4PMEAT@`>$8LNFA9Y
M<-G>.C'8J\<^;<(@IVP[S2K;GF[-O.MN,^\O6PO\KT18/%_"N'^[,KG@[@YS
M\[__Y_SMT/<^/>SK9HQ][-Q+J7WW%Q?]#?CD'T\#F,:7+S&(VT.W?0OBJX^P
M\:_*SR&8[QN=1.W1^[Y\\LF;7@#QY+_@#;!.7Y!"_NP7J0S%CX%>6J#W7"!!
M"`;I?=2JWPK29T'R<5`&#^R@ISZH01$>!VPAG$%U4DA!$]*J5"P$H0"K%[QR
M%1!=_9OA_ZIWPT"Y;`KLRI0IYI`I(>X@ABYTB:P6.(2(Z,2)TMA%%)V21!)5
M4&0*PX).W("HS/]Q$2Y5Q-@3WK:"+YHQ<S$PR3[6R,8VNO&-<(RC'.=(QSK:
M\8YXS*,>]\A'/.8M3,3@PQF[*!KX14)H890+$N$'NR%8:AEU$(<_MM:&";V&
M<HG\%+L^@PP^>'(&E\Q5H0Q(0^;EYX#'NE[_4(E#X,F,AAQC8F9\$$J]"3%+
M\)C(),"('%M=<8-&J*77:KD'20)N?L%$),9"N;C&[&(IR,P5#X0YM%"J:&N-
M@29P.A8_L$'L7*D85#4/$C>U.*-1![/8JVJ)O5^.*!4U*86*I(&,Z#Q0?!]\
M`36CY4X9K<,ZOEP@/I/Y`U.2<H>Y4^6P6'DS5_JPE'N*%@Z*1JU\WD'_F9F<
M#@LMR@:,1DP!(`VI2$<ZTC\JA'_%PR(CZ>!1ARG``3"-J4QG*E,$*!&E!?7F
M]^:TSR7V<T0T#6I0;=J2159+IT<DSR67*$-3O52H4'4`44^(4_O4@*.'Q!GM
MDJ`3M:B-*=`P:1^B&M6I0D55OFQAR(JPSQPH#UD`\$Z/!+"E0!;20#-;1W_^
MN8QJE,*@PW@J66DZ5?_UL&7FXP)63='2HQ)06'$])"_J&HLY*)0^6ON*.I9!
MMP:HJ(;H&:Q0"ZO0PSX/DT<LPH>6E<;&2D$G3:'&U7CDVAK<M8QF$PB.J-@#
MP8HVIF:5G`Y4M<)1ZK.Q1K5!XEC`Q</$%7)!_[@M3SA3S(SXX+>$905NXA&>
MT/#AIQ(53BP[&@.?&A()G7BBIN#Q"/`6HA02Z5O3U%9;&/@6N\&]1%=!=Q*Z
MX0$\;@WO0L:;U=0NH;Y`*.2-T!`'OZ0("-B=:7XMT57'I*)P#+[!Y`!)A*6Z
M%R'`@,)]?SMA0,#6F<SX!%B@`42"%B&YP(EP35GQQ$\<9FJ%VP:,!QS@U@)!
M>'B%*`\O^TJ$ZF?$HB4J8'/(9/;PPBL9EF+3>-N$Q69X=3(&+BOL4$Y%-``U
ML/FC!(DK%C:P.(IR^.QYVXJ@#T\'R8,M\24F@S_8??@)%4:+-)B!9ABP6:6F
MRC),Y4RA@1*##<@8)/\OK[Q2B<&9K(3V0SMY$$,\&T.*BDZC&OO(Z4Y[^M-Q
M%+1404UJ-Q[@U*A.M:I3O>DVBE6%930&XACLAGW^V:6"CO08`L"`7OOZU\#^
M]2R88.E`^B.]7([1<0DL*5'KVA&=H=**[0`-(`VW$,'.=K"'75#7L>'5_KEU
MA8$2"SEHJ<F@/:60$XKNP.8:=Y&5`VEX=.AXIULCVLYWK[E-0?=:F<WAF:P<
M0/>:G^TW!P)`@,(7SO"&-WP5SO;!?O?\"+JIV0>\UK>V^;U3#JL5M7Z.PX8/
MK@;'5`-%/4"`H!6PBD>75>(N4$/H>%'.'V1<X]L6\`_^W=+]+CB0[O*!R@7_
M?5VB]R#B/8C&+J/&YW@<?`<WQ[FP,[8P(FRMY[8PMT,0US.AK[SH6?:!RZ'Z
M[!@0@K-4\@L]$0R#J$M]WT9`7P\4=FOG`F,FG$IS/7DP]+`?W>@\0+H/F,,$
MM[^=X]>&-5MKR_8<]#W"+/^[WWDP]M&JPO!21WSV-`R[6U,Z9H^/L"GU(^J'
MWB?B0%XR8HF'IK<#6_-N7NT./+_C&83^MY$//.!W4/FA7M[U4W>K!'D.PBK<
M_K=@EW'R(UQV+V`>YYK_>-C.1WW&EK#?TOS!\0>;^QV4OK?OYCM)QT_2YN,;
M^'"WJA&(+X;M#W;YV(4_B<&?Y>[GX/D:C[Z&Q[=X_QGT/KM\]W62IWST)V/F
MUP+_-U/V5UXO@'_ZIG_#E44&MFPQD(`S%H"[IP/?IWM9=H`L8($QM8`WX(#Y
MAGBUQW[VE6N_Y'Y1)8(WL(&\%WXQ6'\B8UOHEW[$5H.-!DK*!(*#UF0L&%6N
M5'I+)G@FXX,.$'G=U`LWR``0"&@>-W>,Y7\RJ`-!*%0N:`,PJ`-(Z($K@(19
M2`,DN'%49RC)M"!=F');F`-KB`."QX4""'5-.`MNAB%G6"!IB($R%H8TT(8W
MD(<SN(<,TX!S"`4H^`*`:(5^J(49R(95F`-@.(CGAWXFB$'AE3Y@TE:)Z'AQ
MZ'V-B`.;"(J=>'^%*$IEJ/]XQ7<#FOB(.'"%0B5_H@6+<5:`D(=]J3B&V?:$
MYY4#LJ<#J]B!&10HKDA3"N`[HJ90>6A0D;B#.HB+.7<^`"8M.CA15T>%P/AQ
M@C*,-&6,@J902*>,*_=+SOAZCF6&^\>#6!2*-Z"-,L6',["(-:".-K",346(
M-SALM5<QL19MR=:/1W,0WR&/-<".,B6+9&60+T=YHX@#XQA\.7AHS%4:YW1.
M_E%@*=B!:DB#`QAA8L>*?[B0(UB*V;=5ZE<Y$!EKA*0/=D!W/1A^(420,860
M4"63EJ>0&JES+="0OJ:+I\AC7:5H7R0R-?%&7;A',)F$?"1J?%24>@2&>S0`
M<QC_1^`6`\46!VKP(U%TE4)3C17HD39PE`Y`DT$EE@`8B+5XCK8@DCVY5G:'
M9E%$&A=W4=9H@-,()T?)<K=SC,U"'H#H//0(A9,(?#Q9=85`2P`Y'@))`V!)
MEC/%F!=HEM@5AK:BDSC(/N!%/^#!'4N%F%XYD"#Y@I_XD1AIDX((<C)`F4Y(
MDN7(8\(7<G/)?!DY>9XHFQK8F33PEZ1XC]V66.+5?UTYFCMPEXX9D[2(7\6)
M>SV`FH-ICJEH`[](EU>TF!L9?],Y?Z1YEM(7`\J9>/JC53CPG+`9G9_)B+0)
MB;8Y`[A97M2RG;:84KYYD71IBG0BG8!%A#-CA+N3GH#)_X2Z67W,N9JNN1^)
M.9\"6)]$MV1]F9_AR`/L^9`=%Z`,,J`R()T<2(`5"IO7&9F)UZ!+<(@N(*$Q
M()S5&8O'F60ERGW)J981Z)W`-'?>`9[&69*V!X]]&)KD&9^0B9S7TG8B68?Z
MJ)ZHT)+`J8@W.9L6FJ,FFJ$Z*H?]B9;="00P:IW!2:/O:*,U\(;F6:2Y28G^
M^9]0*J0X.I(P(*(72IU*FJ1(BJ*2B&U-RHP[1XWH6)%?>)X(`I:C]Q4;^%;<
M@7J9>2[Z:0,<2AUB&J2F"*)C.IY7:J6W2:>_69I,RJ4O)H%22%Z-BJ%3JJA5
M6IYNR*CP>99+&*AP>E5=FC!1BO^F1.JH1LJ1)PIIJ]J"^VF/7)J/K!D$I3J+
M^"$^%)JJ9JJK4@J'6LJ0*EJ/TOB>B,BI+T"FO$JB9VJK:4I6[JB=P9HSQ/JA
MYZDJN5J;F@J:0YJEJ-J<;`JI;KJ6)OF@%#@?AGJLB%JCV3J/QDJMOQJ2;=J:
MHKIXJG*N[$&?,6.?$(6?O_.G-ABO@SI]0#J(M<JJ>HB=R?I^K4IV"XN%.]IO
MRBFKLUH(_S1P:N&=!9N0E[JNB<JQZAJFW(JP6RJ8H<J+/W$UEP(,NN1CE8I?
M"C,RR(JM1^JK("N*[PJHT;IY+K!%M(9&$%JLV]J*5"H#0QL#6&JSW<J`@>EZ
MRPF-=DC_0?Y`;5[DL_K4:FO$E'ETETDI:$N9:WODE'H$E?<HE:,Z03]Q:"G)
MLIT:HW*JF$4+`V_[`D<KFDD+K^#:H0VX#FX`15"DMNYAKU5QEW>Z`GEJ0]R1
MAJF'(/XJACG+FR9+0;'1$$/TCZ_)MJ<ZLX[HL9E:LW2+L!LF'Q$K4,,ZL*2;
ML0Q[L!HZH@J[K`;;K*X:4;!*LCWVI.UY+9N)@%[9,=>:N9B[J4';N:G[J++K
MH+0*II9ZN<&;L`?9L+['NJ];MJ`ZJ4_;8<9KN<*Z`KOKN[VKK9S+KC>;G?QY
MMXY;NU3Y8J9;DS(:HNFZN:KJO*?KNE#UK#P*L*[23[TXOMMQ_[[-N[';>Z/M
MJ[P:2XV+JS.-JUK32*@MVZN<J)$&&G8(*H,4$Q[T:(GA.[Q.&H4_H+]EB;R[
M*K/_Z\'6B[0BBY/1BSR/*Z_]\1H*(Y`O^Q4QR[L?'+(A#+Q+2KY+>W@X":`M
MZJ(6";3Q64'9R[TQK+W'*\,U[*UI";#A>KT[_*J4F\!)"L3K2[286KD*+,+)
MB\05S+2J><#E.ZU5`;@L$,3^V\$P/,/>6[<XJ\0Z^V,]%8HOBZ[?V[']&X^<
M&BP#?)H%[,7SNHO@*Y=0S*S>J3`4FC+?9SO.1C&<6:3;\Q4EK,7\Y\<(+*=B
MC+UQ:,A&9SM=J,BX.\<$W*82BX+4`O^X\$'&=#S$0HS&=OR]L//((21WTCN%
M@=RZ'"Q:\@NW53S+`6S$MIRB;.RDL$RZ+&7%:"I!IORQJ%S&5TS#O:S#CVS#
M[6.^6]D`?=E0+O#"1&S&6+S,:3S"^_G,2]S'Y%H5&BQA3BO'FDO%Z6RT=RPK
M?[E`X"P$\OJS[MJ]GNG)[*O-S"S([7DA>0RM32JQO4F]Q,S/Y[R8>=F->YD>
M1FC#'SC%\RN^DNREZ4L#M_O0O_N5$(W+Z[RVW'P^_QS1%CQ1?]S$2=7#]5S$
M0IO+'%W'R*S*B\K*\AG/0*`=W-%G]-S)]NRV^*S.+HV>[:K3D">.>\RB&.P(
M.`W('FVJ"W3_S/F,?*I+R[RLIL++Q56&`T&9T]W!PC/:T^S<T3ZLTO(IU,D;
M/S3]IC>0U?J4)6R=)0M@`'`=UW(]UW+=UG9]UVQ-UWJMUWC=UWF]UX`-UWX]
MV($=V(/MUV]=V'J]`(>-U[GPV)`=V;G@UXNFQ:52:XT7RW'GHZSP2VF%"9]M
MFB8]`X(AVIP=!=1C9#I40+/2BZ?MT$<@T$(BVTY,O%,04$QL=0`U:3GEQ.!%
MP0++>9^741=<*Z^-UJ]C!;CM*;1MU,+],)=P3^,L/\?=MLB-!-5-/G:F!,Q!
M>'+@76I1"?M@PJ(]T"<MAA!Q$$#R91,Q#)`#72%F6U%K"BC7"^UM_]\.$1'P
ML9)S<G<NXE?G87*ADV8!\!7T("@M$AH%3M]5TN`4VYR[H&;6=A+)L!-K,-\,
M^0G7@`V%H`U9<G=(H@?E;<.S4]%T<!B-L8^V0$F`<TP<83!\9M^]P`R.3$F<
M56]300--HW47[ET8EF,J8A,T@");<@\^;FQ\-D\BDD8H#@E=995_DS9O\W1#
MO@?2@`]"[A"P4#@!,0Y-&\E*\)-V<7!=1`S0U!B5'9$L\%D^1UV%9'!43JE1
MHW4[^^:+@V-Q7@A`,N5QB6%IF]YOT`+0U!]K4T87MB5&9#`!T5VR96UHD$WS
M@!/7`-M@OIL[*^@JON;E!`W#4#<]4KO6YO\W<%%R`F'GDF'1H>$.5/8W/8LH
MB2&&I4!/&&X+4IN2TS71)PF1$T<WAJY;Z$1][6`*C%`<QL`(IR`9;/'E7TS2
M./!9"[9?*!M?G",:CNYG4!8W,1X)I\%>4^X95`8#,=YTC-9T=!,W:O3M/S$'
MEW,+L>X4F(W9\54#SNY<,6>5:V$VV1Y7^8,+:6`6S7`0_PX+C.`/Z7TB!KP_
MYE1M<_#D>L`VCH,,7Y;F:UYMBN$335%K*I(&I9#GD9`E#9868G$-&F]N&P^H
MN&21N"0/I7UK*58DF?X,N80,E70B$J]/M=`N5*,:73/GE#25WM8$S!"72W!W
M-<]6+A\%$5Y?[A1A]`N.\$QN1+ANV_-<`_'`)F,&F%4_NPQ:!9G-0EF?$,M=
MZ>H6VQK33\G5IPNU;LB2,C\&W%6`5FY&9B.9W6_/5+]!4>Z$0LXMK/5;VWY_
5*RD0^((_^(1?^(9_^(B?^!40`0`[
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>8
<FILENAME>u49135u4913507.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 u49135u4913507.gif
M1TE&.#EA*@'G`+,``-'1TK.SM)&0D?EE$#6:9=1X0&.NAV5FF(N^I+/.P/#P
M\.NC>:2DILC(R=_?X.#@X2'Y!```````+``````J`><```3_4,E)J[TXZ\V[
M_V`HCF1IGN:CKFSKOG`LSW1MWWBN[WSO_ST%<$@L&H_(I'))$S*?T*AT2HTZ
MJ]BL=LME7KO@L'@<_CX<C1::UG#<VBU`(``@V^_XH[DA8+`8`C0";0QN,X,L
M?`R`>8V.CS5[!X@/#)."#0"%F']^#P"&,G60I*5;>P(!@ZJJ*@YSHY]S@VLJ
M#7,.<@&&E"J`AFB&`*"P#ZJ9*L6?`+<.KP&NRJ;3U$TM?)4"J=@`?8!U@(N#
MV`_:QZG:*KV?VFGET-W=XMU]T(#'Y=[F?>7BU?\`6Z!2YP=;JTIT*(T+%.\,
M,G+K/H4S%FA1N31U#O+)&"B5.FC8_SS&"DARVL`SMCKVT38HD+H&!EU&2W?Q
M!3YT:5@E<QF.Y;N7#V)"*TG4U,D5V"RN:'@Q)HMM!X`N7<%/E4Q%%'>V\%B3
M'-:B8!T=31D4$<Q\,!>R@]<*HCM?(!%U<T?':1N1T+B:#5179MB_9,QTB^/2
M*J)7*S.YY--.V\1UC/EE]67NC,_(T.8`'0R(*^#/9?)X!DT:L!DQ!TNK#GLZ
M#(.AJV.7;"V[MFTEM&_KWNTC-^_?P*V%R30LQRL8K][:!NF&&4PX*G1!AQV<
MA6!/*T(YR\[=E?;LWUU)=,!5.[#P`:"C[#=TNWCOW=>?"3\_OGG[Y@O=?U^_
M_WH&=^7$DO\`=9!73V4-;,+??O*YUR!X^,&W('WN.<A@*)'$@=T4B(QFPV#7
M"(`A'J-H,N(.("*2&F6QW#12;`ZZ(%@=P\@1BRZCS/%6&^G)LF./A'T4#1TK
M**/,:RT<$PR0N@C#S"[/O/!,B3"-U.0R-C[CSER@_`A;)D`&%>8*2-:T(E-D
M\K5A=6:HXD`XWU#$BH&J>+)/3YFALV8`=L8E3IZ,U%G8FBPI$J@^=3C669TA
M_DD12W48RI<WKXESEV/DW*.-&W>6A<]3HZB8"BPKDD5.=2JT.:F07,GATEQ=
M$5B)'W+YA1"K0_%!'D@_N7.J+5'Q@1&L6>D5UU:YBG@0(WK=(FO_<;TN%LA&
MN):5%;31R23J''24:FU-J#Z@ZF3;^.691WOMU,`!G:UC++A-]>&&(H;\:NVI
M^'8T5+I/O;6*M/FP-$LB]WSKE%;I&OCBJ:(F8BNYR@4W[D'EQE)F3?RJ@B:R
MU9YQ`(V;LB/BMTA-*Q-3(>V;AKWE?:R1OBRDMI%'7JWJ"ZTKNX28<@P+R,*N
M/S<+XXDR)FDSN@R`PHRHB>:<#*WZ46=,GQ2!8A$=\6`M:ZG8_"IO-WFI3/).
M5OO1BCQ5!^4J56%_<D`NK0`M;*Q!I>&AK&;:.F=9`.M&M+A)9C:49@E69E@:
MY&$TJ$2.O=>-&[AD$[)59COFS&L.#O9X_W:=;1(Y+8,YV"Y'EI\QNF;SKD3@
MF_ND9(XSM?(]<BA"1^X=8Y-`.;6%$"[8>X,4_KX?[Q("7_P-OB%'8?#%TQ[+
M\OB)2+Q_PT/ONYO6/]A\[]-/G^#VX*,$8/?,4R]\A!.&3WYO4OZMQ/<\:(:%
MMV#@K0.(X0(>!I$Z')<%_&1X$P\4E+_DY>^`NC$@`A<8&P6ZCX$0#.#/?K<"
M(>B"6QC,H`8WR,$.>O"#(`RA"$=(PA*:\(0H3*$*5RC"%RD0.>@SGN_4=YX8
M5L^&.%3?^71(PQZFSWP\!*(0+\2][-U0#0^<06MB1`,B!G%]0[0>%+471?OL
M<(A7K)`1BYA#&?]Z<8L2FN(1B_"%!9CQC`M8A!J3%L$%)@`!<(QC`JKQA0(,
MX(YW+,`!]LC'MPAN96.R05UT$,@V8@$!!$BD(A%@BPO*8A<W>$4N7G0&_K&`
M&3FH(Q[SR,<^4J4<R0`)=B+F@@"E)XF77),A#ZG(128#?@G*Q<AJT"VIO?(%
MM\@D"^RX23UV\@#^NH@FR)2C.;!1$]RRT2IJ>0L^R0$[&'Q5,F&23"3Q:95&
M0&0K"<!(8PC+1+887"&N*:9<O>9&?`+:F]*C(W;2`4#'J^`N-SD`7W8RF(,8
MIB]"E9Y<WN*?.EJF9A9!37C*PACR$P>`FIF)@O")E-CL@39;V<WTY)/_C6**
M#H`,B@:93,D7N7@-1I+6T5O\24%,3-4\Z?E+8'ZR,*)D&S7%!%"+,M0/!/TG
M&P4(H*$D31/4[-$X88+1B/Y@HJ[TYF(*L;EW$#4CNGHE.;&FHV64RZ3#(*H2
M68#&,ZYQ$2VJA8\201R,9.*L9W7.,.J25?G)(JM#D@XRDH-0HP[AC7&$XQS5
M]A8YJ*>F0W+#&BQ)N`*=$A8\ZA9$K=.^_M'G9V!$(OK$R,4?4I&REAVC$_N#
MV2]F,8OE@V)*_6.$%\;'KJ@=PFAW8%K^I/:U/5BM#@R(2MC:M@JTO:UNJY#2
MUN[VMSSHGG!\(%O@&I>UC;6!A6I[W'`]%@A+_WS@:CN[62UVT;J9O6YH(UO=
M&F8WC-P%K15]V-D9$L&WS4UO$AS(7/6Z%WGOC6\DVPL#],HWOL7M[7WWJ]P1
MH3(W?QLC?YW[!/0R:,`(/!%]AWL$HE%7O%7\X8-]>%DI<M>[GOTN%BE\X7@6
M.`H+1O`JV2OBXX:8L6JX9!]6MHE8ECB"HR6H1'+"U/80[308RJ5$-,%C5;[8
MN0X>3$>,H0L*RE,&<^O1-D#Y8[L^-#.%*V319("&GMI-R1/RZW.VS.4N>_G+
M8`ZSF,=,YC*;^<QH3K.:U\SF+=MR5KGLD5\I*1`J1XJ=B=O%P\+99.#H#!CE
M$.#(>NIC%,>@3I=CH_\S89!+]W5WO!&N\&0['&E*2UK"E)YPI;OX@H<M(C/P
M3(\F"GWD&A0W$;;$T*/-JVG19CJ\'-9NK,%[70A?6CZ=1H)]V9#J/J\&=C%0
M-7-W/0,=^]HVP([MB8B-Y#<?>S5[_L$2?V#L9]?&+R>><FQ[5VUK?V9$T:;R
M`W,[P=,B!9+>EDVX@Y"$;D]OTQH6+GE?7>M99YBS](ZWK2.;ZR:VE]DQ<'>`
M80WO>V/7X!BN[KYE7?"#*]S>F^VWE(PL`X`SVMGI_@RIV8V$;F><-.OFP;1]
MX/&/$P7<*39U#$;NVF!GI^0F)PG*R]W$E=?\NHV..<AUW6Z,4USGI`AYRK?_
MVO%>`YT4LA7Z;'O>/X;?6K,0;C7!I3YIAE/=LC58]ZEQK;\CP/SH)5&Z+HL.
M]J(XR*/9KK,+8K1U5)?=%`/_I&-M[F\<?#WMI"`L4N@<T=J*7;+UW8&\JXUW
M:@!)?L1Z[]_A2W:5_T7.&%WR;_\6;;8/F^F\Z1&?*E6P^"[>!@:$5I6B$W"?
M4_FS$(_ZA0^K&&9@;KOUCC!U$X[ZAN]@SU0JT):(/G0^=4C4G[[X;R"/42D?
M%^WJ^(@]>LKW4I=[.\THC-V$__:P[-DE,MDH;$:K0*$2",NXQ'CAJU\$V;KG
M^C=C"P'I+@KLK/,NC%YHF^=/__K;__[XS__]T2_W_[28WH#;$%3()#7U8GI5
M``JVX"0F1R2^-S7R0GFY]AQ^8"/DQ'XP<$%%]@FD5(#C5P0]XBS/%!$U``!X
M90`FJ%?`I7G*X582EPB5!$D/L5C.5P1?IUQ&$";CDU$C^$;;U(,$8`#=9%N'
M552S!`-%>%[&40,U&&R`1FOQ!CEPH#&O5#X)8``^>(((8(6M9`!S='4R-'L4
M=B-+,779<TI+,R\;QV2EA7FHX4?PL'$`@%2)A`![Y0)QJ(7<U(%;,"CCM`AZ
M:!.(4PG@T'S)%UPW!@0G`G-M=P1RUDQ.]0)9N(4(P%P)T$IU6`W8IU1UI03>
M!PT"-'2%V'(BEUQ<MW:EY/]L#E(XP]`.[698&,$MER2'=-@_$W6)TY")SJ*#
MP98`O-B+2#!S-LA@-&AC,2`])$4>6E"%DO@#E9A(A-@(N-@6U.$`;V2"/MB#
M)HB%>96%)NA@$.AR-%=Q#88&Q`@#(O4J:8@$RKB%SW@#`)!(!O"''.(+"0)4
M&`4`>'B-^KB/B62+'I9L,+1TC3<#KU`F1;4$)!B)DGAB`-!5:"0`\&A&,G@'
M?I0CH""'6,B+<="+>,6-V?B1<*0#GY<A.%!;2[@4(\."0$"")9B/DMB.2$9/
M]`21!&!'"T`4S;A(,&F.7]63:W0(/$=<X6<#FZ`)VC`*\G8&O!A'V<B/BL2%
M75C_69[5`#))3XHT`#?):F18=4_H'?CXE`F0E.334F3)1T`9CJ<7>$)YBN)6
M=RS)E"[)C]JHD:Z&0PM0E5:92%GY=+57EUVIE&#Y1,]5EF5YEN:&7*2X8!YW
M8"JPE![IE%N8D;S8D`Y9F0LPD6R`E[V42.F8!Q,5A$-`F&1IF&T)>LISF%36
M:,PEA]<XEPE`B%2IF?2TESL0F[(Y`(HDCU*@A5QX!*+94J2)A`-I`\V8C7JE
MD3Q@F[>)E22WG/4TA]2@30:PDSCPF[]D6967;1;G6B>)FD1PE\[)G#T`GLM)
MD]0)!L5YGC=@G9T4G,:Q;,'5;,,1GN*9G/0)CY!P1HID_YEF]`/L:98R,)))
MM)UL&0,+4``(FJ`*NJ"TJ0/*>9L-F@,/*IL%X(R/<$>*Q$M560#^^9]1$:!!
M:6K,58/DN9P+,'43JIDGJGI(09\+@)\&MW!_Z2#/69,46G#>X:$?6HP_)Y"@
MV*,%"@,E"J%3-Z2RN:+SM@)&JJ+:5"!]N968M@(5FDBWR:'EM0(ZZIX3QWA>
M)WY+BI<1:G<NVISA>:+0V0A76:4=^I]:*FT$&6+-@&$/\*55&:9O,*8]D*)@
M^@#:I)M%H$T:JID<Z@-9"HK9.8IKR1TDBJ?V6:9DZIPW^8[<A`<.D*9J2J@>
M*EN=.79=*@-T*I-V:@.?.IL^,/^JFY256NBG0*"%X3FH/5"H/)J$'D:@U^!S
MIHI'H:J$C%J;>"JIH!D&S1BH-_J>6.JA;=I?VA9)!T5]0KJK#NJL$LJHJ4H&
MK-JJ:\J>9UDA,#@L7(H#]LBL+W"K=Y2KF>FH><JHOCH&S8@`].FJ3!@#L&J$
M+M`2SZ1/IFF*D!4STS>4!HJG'2:NXNEPYP.PM#FMJ9>DZ:.%#]"NY3,#\=J"
M![518/5O.X!EB3@J'"0`"[JQ"HJQ)\0`'!NR'FM"(!NR&^NQ##"'++2RVI0*
M)LNQ*Z2C'V0K<796ED22$IH7N(:&^M>S/HMF6FAF]61'"#JT1IN@:0://[NT
M]C),;*3_?=WJCC*68G&*3<WHCS#0KCF@35C;8((W`ZI4*426(`8X@]Y:>MMV
M&S!*`UJ+`VO+!">61+A'>I]`BH96D@_4G:6X&\T(DVUK`US+!8O8;VWW7V_J
MH&6;/^G*MM:J7&\K!HLXDL)(!'?'0$W*N,[IKC-PN;](D$00<H.K4OBJK&X7
MD(XGH_@6>UYX(8LK1&U[1)7Z@QLF>UFP9Z&K=J<[NGR&6@H[`W^[N19*!-*%
MB"<BN;QW<TJX?1&UKK[;N#3PN'"K!,8KCL.9EMXI&U9H`,V;N37`N9![>R$J
MJ^!J5%<K`[\;`]![!ZB$?*6YMUUG!'H;C+&1OBMPOI#8C]$;_P73:X'$%0J5
M*[ZKT;<Q8+\N0+_E=YJBF+O[JY:`-U_G]@.W"Q8&3,`L$+A9$,&&>K@X$%T_
M6FR)^ZYK!WOZ=K"RESU-BEVO&QZQJ[U\Z83U$[[#.'?5$;N_6K_.>[\$H)[(
MB\">:[I;`</$&J2.IJHET:<O0,%G8,"J=<""T,"(BK<>?%NMRP)([+U%\7F,
M*;J=>EL&2\4W_#-*_`]8/+E.7)J*2,1_,<4J0,%6_`1;A\%R9[WW"L)UIXL0
MC,:.T,5K_,6N$,;C"`5"MV`X!@3QJ[O`H<8$K(4Z+,?R>\>%^(>T6KI)L&HM
MG+HS"J73NAU_NQV+NVKO-LD!)J^&S/^I=<QKU^N^X3+%]JO'OXC'L9H=-!(=
M<[4ES6=:BVALP]M&77R^S"M!/1R<=J)\<'98#"S#05K&AM2ZY]N[4O#)2.`7
M0)*)]&B0=$9L[W;&7\L;!ON[%MS,SV6W.>`7"L(32/),!?@"N>%71YD/H`8F
MQXRL0&H;B[O)?DP2&Z(MWK$8">)0Z!P#$YA1BZ%GE3`BA;Q*T_JW;5P2P%@)
M\S$M6N57UU1RM/&)WM0/=,47$5/002P;DJJ];=O1DXR6=)RV<N<,I[0&SS`O
MD9(3U4Q]R.@,9#M]W98@3%O3-GUFVA0`[9H)BI0`-_W3789MF\K0_4RU/H41
M.Y8T_%RZYM?_@?F&<"1,79)*`%K+M7YY;R!V`[:"@#0`"OJ5<A.8&'X8%)Z3
MT6\&QZB2DZU:G.I6DCCK`NN'KZJDT6@M&X":N;EYP?!,6C:XP$7]`LQ07,61
M8Q]LNG7]%UHHK%6I2(O<RD^@=8BYQ:K5A(=LJ7A)DS5<&I#MH_!;V*@UI52-
MET\)8@M6URFE,V3DP,DKHHEJ&S4:VGE)`'[-PZ,,SJ4LRB'V-[8\HKJ37GFD
M2`*01Z"-H$IPV'N==6Y-QOU+>')J!`]7PE8'I<:#1Z#=@T0KE93\"`]3U[Y1
M6XGHV785VZW$2YJKUQX6SST\V[B[I>S]W4V'31NJV.6-!5E\!%H7_V*1_,"(
MR-Z\@<2&"`5I=]^<'</[7=O[Q408/%T]H-YWR\A13'Z0(&SS"L=?+=*(R]K]
MFVZN#*+)3;V3O;OO;>"\42.RC#B[!\%=$+H,;K;*MKO+]<OQB;!0;7M1O0N;
M-S4VW@J6A`9<#7C.7-RT#8ZV<MCY#>+Y*L6>@(QC$@@4_4^-C<QT[&`HKH;@
M&+50_G,:'5'1#&J>P`A$C5!GT<&VC=Y2L.):3+KRN00;G@=`@HS[].9^H1Z.
M@$K?N(;56^4AO$`JB-$B\E1$/<1_K,%&,+VZS890#,"K(0=B,B]$8B.^L,./
ML+X)G.?'F^%&;N#3M>:0T)EC(N&`@=IDSO^_+7=JJ3B-JN;&FD[?[:@<WAAW
M@IM$9Q<'V(*4)4*(+)><IDX%8FEAT:VZTDU?EN?#,([G/@#-!6DV8$50=.`_
M?]W9$#[E77`R23YD)D6V;][LI80CLN`,BM[C^EW<"O9>3OW81>(.Z"(FYGSI
M+)X,KM<&]FB/%/WMPS[I96?:[3NOY>X*U`X2^[SH\&F.50:%C\@7"Y.X4A[J
M)992;QRW[B,3K,?GQ&!2=MS@YP8WWW=E,BTU60[AQHWANGLR((%N#Z'21%;,
MDLQ0%Z&S[@;4+-_R+O_R]?<'-T!JM.&T&O,FF"-C58OJ5_Y:!X?P8)`+HRSG
MZ_T>G@`'S3$5@JC_OC2WNMC-HB-,XWSMW'3.WZ<0<)A925;_[/_0\11_25TM
M[,9\W"+6W!:NYH?^]8TL>(#^;*%,Z:#,Q+-Z[X%^=&\ON*UM\B%-[ZA,15Q_
MF*Z>]W/LR`$'"&^Q(:.&AHI?)")=.'31"XE/UHN?##,P:@QH4!+18IH?"J9G
M^2W".?#D8CS&^%16)Q8)^B-%(XKFY5-O$FEO=X.V+XDP)4K=8UH1<+%O#&X>
M%+3?8_I$/]DA*]C`*4C1^[7O"<"O[Y'2-WQU_*!4&"%7*P+?2-\S9$-F?*>X
M)2SX3Z$43I#C5GY:Y"]`0-*,:DJ&9;F('"B%S^Z!\DO6YVXB/#WB!B1%_PX%
M>/YV0X[28Q_S#P&.`<#$>\YEQMH3FN`)&O':,$Q[*C482S6K1!(FQ6GF5^'_
M20*"$88HJ%A*`@O(HTJM>E/J3#&-5K52%6/F!?4F)0?Q@SP"J)(OQO8%R,P@
M0!H:=<@V`4!>L$D9.Y.K&^J#@M++J[/X8"F1LX%)RYJ)4Q')^Y@ID<0I`6CX
MTS)L(=H@X@H)$4U=U:J<84&DNNJ)7</MP7EH`/N+PLD,"2AS,!FEXO7-2,80
M+B8V1M9M`:O+R'D9&1X^%JUV,>T55<-P\?9"HM8:+5.347%A0U)W4-O!`KDP
MNJC+&@("F:M68+9LJ6:KRJR#6X8P2<'/#9,+`?]V6#07AM0/!ALL,"@BJ@E&
M$ODT5AEB08U(3!1+PC,I41G%C!+K_-`!<]-)*A5P/MM9YD<<D"4_=.BX<4,A
M$$5\J"'&9`(2$C(;7E6A$.M6'A**8JG&$&&'$=6XSG1Z%NN0M&H;BC3K%@J0
M(`\E`@'Y@P]'7TP:QJVB]>]"P&+E'C1\>$M&Q0<9-];R>`7@JW'TFC!A[EL#
M-116;/(,.3#7L+@HD\YR6O1JUF[QQ$V,N%JFU;'E"FZMV/8M6H1S_P;>%:'J
MK;LGGV58&$\/W,&1$[]JW/ETA&IM0Z>N#^SQT:[#9J^]G'LV+AG$F^_].GV*
MY'?6CP<?/WYS]<&Q(Y?_GU__&O#26]-WC[72?,./O_T.1`^6`N'K3;CH*O'O
MO@>:(Y"T!^63$$$$,T0LP-8DI#`7$0W\<$0-3\3JM/O\4U##$%$D;S`&98&Q
MQAA_8W&A!2%[T48??]0PPQQ/[!&6[X!$DCHA?TQMN.T23$RA>XI3[1!9FJQN
MQQ:ZTNR<UZ9<*L$8OU2COC$]K*^]\J:DH2<VU;+R,\[8O">4Q^*LHH^,8%,M
M2C="*>N2&]WRI8\C6[2P"Z<T>$,%JWIQZE$M&G5+4!DA=:.8*9:0;=.@1('A
M#1$L>N*%G:901Z!3!UW-%D`UHV!*<S@[QQS/XLC(LZ(TB+470#KCP[-%?&VA
M_TQ;.P.3#R@ZH\H-$P(U(J,/&FV6`CUK32$.IVY%MK,_:VTSE#KQ4#8T3"&]
MEEA.BP7W5F4;R-8#S40-*51*XUG*V"TO0.)7;!'=RM50-AD5J:+24,D7+SK8
MA-24'(4!I*GX(,N0(7S!Z(@ACF'X"#]"0DJ438CPH`2DFJJ(X4@#(L+AIA:V
M".0)5"*5+)1]`C2O,BQZ@1B;SRVXY(`X=5AAG"^6N)`0#&H%DDP?VC,>(]CZ
M@]^F3#B9Y-RTDM;>$:SNQ`.)I`9F#B.F+EF07CRPH666<W#[CTXB!2J9I4^H
M.X=0B'$4[G,.#N."-R3R181G`\^A<!U$03Q3C?BA=__N7BIBG)\?,&'[:Y>E
M!KI>DT_E'.S*K^:'4TD5HW#4P_D566508#B$;9!VXF?V46'`77:,D0D#$D@H
MK^&9)<K8YAC<P5E%@CJH1=X(9JP66GBL2UY=H*4SKP"JDVJ0W5%DXGAV"?`O
MD-U>A@N?W:+"G5)<523(<";TWD<W(]2JP^"0N9XR"Z67IN`Q`;H6`0AA2&L%
M,,A#,1;1B1PDL'_36@D?(-C`3&U@$UZ9P+0T!3MR2'`;*W$6-_R7P)T@L!.<
M>>#_$A>*D$V+$_#BA7DXB$(82K!_"12>)CX`BDQHJW_GP%T&9M@'6GT+$_[C
MC`M!`2D+^N\_7)'(D&CD'>U;="4<'O!`_EIS.F*T!6!)LL^AM%`D'JS*.B32
MTE4,1QXUB>D\;9P%'/%P0?:T`($>.HP4P4A%_?%F1GO4$2!%0QD)Z:*-KG&0
5'_^"'3(V1H_3T:(@)3G%'RD@`@`[
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>9
<FILENAME>u49135u4913508.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 u49135u4913508.gif
M1TE&.#EA,@'8`+,``)>7F-?7V+&QLK^_Q&1EF9YY9:2DI>;!K82#D>68;/*#
M1.RB>,C(R=_?X/EE$.#@X2'Y!```````+``````R`=@```3_\,E)J[TXZ\V[
M_V`HCF1IGFBJKFSKOG`LSW1MWWBN[WSO_\"@<$@L&H<,@5(P"%@&#$I@V3Q:
MK]BC`+$$(`92!(+"X`J\SJQZS:Z=*0-$5!*73\H3;GO/[YO>%`8&$P!G`'=C
M$H5^C(V.%H"($F4,96F420AICYR=;)&3B0:'#PB##V4```9SGJZO1J`/;P%B
MMIJHB;"[O$&@96"@>GB]Q<8Y9Y4,!GJE8!-QN<?3U#$#JJH"<PRD$P$`E=W5
MX^3EYN?HZ>KK[.WN[_#Q\O/T]?;W$@T3#?KY^_T/`/+;]X]@/H$%_1TT&!#A
M0H4-&0Z$.#%@0HL/,4:DZ'"CQHH"_SN"O!A2HLB3)E-R5/D1)86**`P\PT?S
M%4Q"`FKJ]'134<Z=0/TL6S1@U,]%#ZZQDG!F:="G0[@4?2`S#IA%6S(%B,-@
MP$^H8%/T[+`J39I%B[XH&L`UK%NQ'3E\4SO%2\Y"#1!@`Q#,5)J2*P.W9`EX
ML&"`AA,77DRR<4;&CQU[A#Q9\LC(F"MG'DMBR[>[H//^!/CM%.7+FE.C7NU2
MHV++K4_'ADV8]F';KS?/;@'.,Q?1GV=]699$VZJWR'$8`G--@*"M<XKB'6I@
M4_+KV+-KW\[=!.?NX"O`+!R^?"/9M76G5[V;_7K6[]O#OZV>OGO[\UU?7/'=
MO/\:_?TG(/\&`2ACX($()JC@@@PVZ."#$$8HX8045FCAA1AFF*%U4FCHX8<@
MABCBB"26:&*#'`ZH8@?YK>AB!HCA$."+*LXXGGPXQJ<C1+G=UV-^Z.&7HY`[
M_AC7#S'2J%.2,:088P.##)*B!@%4IR0U3,(0198/%'@(``VTTH$V5V8'SBIS
M<&&`$DE\F411U142YS/+L()4G0]\N42=50HP99F,H.;1![TEH4B>>;:9J'.H
MO'&(3!*<LN8<<G*3)YFG@&,EH.=)5D*A1R':&YB],>&GF]=,HH17<ZSZ37-1
ML,6$5U]QVLY`##00P*Z3H!*FKE'DZ@0#PX:)2@#]$*NK$_H4N"S_L9<(NR5N
M01I99+784JMM?=82R6-B/LSH8[;<DCONMN>6BRZ0ZP[9HZWPJB%NO/362P^7
M%\QK;W8WX<MB"/[N&QYY`D^3I+Y(8F`NN^IFUNW#"[L;\;7M,@0+P@7C@W'&
MYVS,0<`<JP/RD_N%;+)W)_]'6<KG<0FR"M\%[#'+6+SL`L8Q5^PMQ#KSW'"Z
M0#,<='N]S$QSS2^)8!0J954)SM'I^(L8DYP9&F>!SN4J#M1`?<?%F?RH<N@%
MO')=C='YIDJ*V(A>0-R)<,<M]]QTUZV,!>)6"08KJVISBD%)N&QV/5U)T"=3
MFUI@Z`AH#W[.XAZX+''/$^]<N<]#4_RS_Z#YPEAR#)`['E[HH@<E+NFE]]'?
MO#8KC`'D!*?>]1VUYMNZ[/&@KD&_M],S"MMDZE7[V38WWH'N)0BMO,23;]Y:
MI`.$:4<WRVN>N6`6O]"[!LB34+WEU#9_O6*U=%E(%*9L*?[WF!O_DLPL=*\B
M$WEZ<<HW[&P/PHSR#ZC++)4PWSBRI+\/W$AQPV-1`>FQ%3A40A!BZL0"/S9!
MVQDJ=I.I(.ZFT;WB;=`&8^$,R6K0OP\2P7TD3"`*+L="RKG0>=9CG[FL<#H5
MFC!0,I@(YTIXPV*@D`PVW)T&V;&`(AKQB$A,X@$<$;,AOH"'@Q*/$\FA``=8
M\8I8S&(6%_`.#/_&KW8_Q$<5M4A&+7*1)[<+(PCD-\5YC+&,<'3`&54$1>_=
MXXUQ).,<V["Q-MI153>S70S71\@BX3&/6Y3A"U,#BSINYY"(O.(>_=`[A%GR
M2+33S\>2!A5(1E*.O%"C"QRI'4]&<I*W\B,".\?)4G[2C'S$5P@W($H.Z$Z5
M;GSE%@TV!("0,CNF1"0J_1,X_N"MD."#83(U$\P\GK&%RM0D"UBG)0'H;V3(
M;%\VR=7,.#YSD>Q['RL9ATOL9=*`F`Q*-^$XS"+44I`K_%RCX"G-Y*RSC.T,
MU/-:F8-?*I`F]]3C'E:73KRIP"P(51CLDE=.8P04EK&\@1>AEQ15$&O_%3-Y
MB3^O\]!=,C$&+_/*H:IDI:V=TT4=Q6(^=9*-MK&-%#!YF]UF2E,(I?2*":BI
M3AGT*:IP0U=E:=LJ1?#.<MS4BBLMA\?X4ITUL:(H2GA=$,7C2EU*4EY3F^8*
MR924;62T`L5LI;@.UE!/'!64/!%K64>P47M:]:KWDD%;;\"K5>4C@GXX:U)U
MD$8`#3%94P7"-Z(`CBA\XT][T*M2A3#78QJT!*,@;*OPFM>W(C5A-GE2DC;:
M1]S`*7I*&(0I#J'(:'+3LFB%IH]H^;)6;`.Q"IL@[U99R;4J`2FB`J`,CG*<
M97S5!(KE0Y)2195G<'5W/+B@6K-W`VV$-DIG_X#M":(A5`!4B;(C"*XCAC)/
M?I!IK6P=WD3I.JQ-$*M)+_63H1H[`>T&`6=\L>[OG'!<([!7/T6E06F>UA6^
MS3,%[@6""*7JF4.(M+[?\EQ&X')?\-(U'&6S[B'H!V#4[A4$@[B&=;GA!>P:
MT+&'XL92$%S/QYZ`2_?MA8%5P9SCJ"#`?QB#$T0J0!#'5HAW,%Q"(P<SD/E3
M7P<#YS:%W%X+EY:[='@&I&Q,3QCHL,?'&PV^AD*L4;38N@I>[C)+.[YJZ561
MM?`"&/!GOG[D-\$P<G",>#@06EUE`B0&J(590`JG1/6?\91B$3KXC\%R8PN3
MP#)SZ0%C$PR"PQ.>HO^#:5!'O75I*N:3+J'GS(=*L*4K4+BTIC.=Z;]0,(=0
MC%5.#HL*GZ[@`$E,M:K[4.@L((``L(ZUK&<]Z]_R>)2!G<2:9AP=OORK`PM`
MK0),D``%&/O8R$YVLA,`7$KO8*P5>#6MITUK6_<@=(O60+`M.^P2G+7;)&@U
MDK@D;6J;FP#61K/W1@C$'%+M)-M^*[A!TIIO?T^Q7.;<"LI][FFG>P<IEB<(
MXFU5<&=7V,VV[(4S<("&._SA$(_XE%[&[W[7F@AA-7'.6$!P71I<!-].^%L7
MC@%Q=Z#B%H]U1K,MSH"OH..O_'@(0NYM9Q]<X29`><K1O3^!F\#E*H#Y)V7_
M#@*:A]OF($=Z"'2>\G\[.0/8'ID,A!Y)HG_`Z#<?N<BM.D=LYF'GU::E6/@)
MUEK!9`'*3GO:F2U.#U`=D5;W`-:3CO.:U[W$&6"ZQ:,GN#S;,HAOSZ,"I):E
MP,<Q[AV8^\R57G3&#YH">N\WWWW.:,`CG+42,3P<!X^ND)^V[MDR.0<B?^ZO
MGKGM@%28YLN(>`ZLGHRMWX#B&W_WK',=S]$&^\618'ENF^#U6HR]!F9_=<?+
MW?BHA[SN9>UTU*MRH14`?A:M#C+I8U'X&2#^\6M/]Y&/%R*D-W?SISGEKR3)
M^E><=T&C?_FC^][N6H?_[0'V]>7#^M\LEQ_ZK8A]_PSLWP']=P':EWC(QP&B
MMP'A1VVFYP/ZUWYB9P'_%X`6,(`&6("R9WP!DX#^]A$R@A@-^'Z;!($.V'T%
MMW6Z1'("B(&C9W_W!P-G,&9K@CA_@CS\$(&,(P$VJ!@G873*\V6=9X$:H(%A
MMVX9@"QCP#>FL@Q2I6TC&`(YZ'[R9H*OA((3"(1YQX(\AWL>8"EKLS9+F`%/
M.`)A2((>)X6?1(45<("/H0]"N'LOP"A=&!`FI6L,D@#"AB%VR&T8\FU[B%HY
M=2%G]8<6TH:RI@T\10).\"58PPID-E3^UX1D)X(@:'ME*'\G:(:GE'-8.'XC
ML#0BMBN1]86/.(DB,(:+1_^*IQA_4#A_XW2%+#AYS^:!O1>%'T8!IDA[M+B*
MEVB)4ZB)K_A'+7!+.`B)D1.!YN)YVQ)<H6>%&$"(*A<Y:_6!N2B&Q+A]TTB&
MO<B+9UB+RO>+D4A^,*)<%W"+'T".UEB"VIB)Z2A,ZZ=)SMB"0A`FLXB.)&".
M!(B*N,B*E)B-)/".6=AD*<2$D_ANHWB-J4B/^[B-Z^A,6?98_LB)VN.(XUB-
MP$:1%8B/Q<=]![F+K=B,F\A0MT9592>0!HEYPXB1YUB)NLB/":F._?B1W%A-
MR4>.U6>1%XB2]ZB*W*B&KFA_$!F0^V&/KG=YB[&#[=>#1O:#&@F0$O"0WX@#
MTHC_D*5HD\-'E=G'C"F(<[$S%DZ)7.`HDADG'D*I;F-9E3AYD3J)C0KYDMZ(
M61U4EH5GE24GEUF9EAO)DK78E8PUCRJ),65YE6=YDW:9CQQI8CVY?#_YE"<0
ME2J)3B=9DAD)F2F)EW>YEB/PD&-55MC&?A@Y(W\YEX%IEH,9F?HH`GI)>>2D
M9R,)AG0IB9*9DU)9F2X9D@_`DQ[9ED'`F#'W>\)VC`CW>?&W,E6H<#+#)*?9
MD3.@FT/'FZ$)F*^)EJ6Y/^Z%,,?)`[AB3;;SEP?SF749FX1)F=]IF7D)DZGY
M1219@E/S,MPYG,\IF-$9GK,IDD%(GG@'9:(XD<U9D-Y)_YJ-J9;Q*9O"Y(L^
MV7-RQ9>[60+KF8:MJ:!+R9_@^0'5R8!FQYG/J5D3D*`40('N69AIQB.V>0$1
MJI@$:IC_I9_]2:(588/50W/+HUWZYJ%):9*YAYO(>8-1!B,8>J&_F2,LBB,N
MVHY%UJ`>$*+)94,-D(,;DZ,2H*&B^9X.*I[ZHI>7%(P&NIQ15)'YV9TG"I\!
MZCT?:@%$VHI]A&)56G6N,Y19RI[[.9GB*9W(YR\AVA.:.:&V2(R`$2-*6IL+
MFJ%8J:8<*I\+%J?@51&;6:=9BJ=[&J3MV:1_RI1Z2IPE$*9^=5+XN:BLF:8,
M:JF@.9KIJ:4/.J3T"03*::;>\_^$],82]C8D^,9NC/JI)P>3155#.$J4O9.G
M3.J<3NJ5CSJ:H$JC9_IX*!"6%+JF6*JIGFJE*]FF7,J0R:=NDNH"9>,V90IW
MS&FL?GJ@R?J?R^I-`HJ8OQH_+':?KKF?GIFH2VJNNYJKL-FH.-:4H3H#)=5*
M46>HELHDMHJNHH<O^,:6`WH#7N@V>K$7`HL`!5"P!GNP")NP`KNP#+L7!)NP
M$`NQ#3NQ`ANQ%HNP%)NQ`'"Q'!NP&MNP''NQ'ONQ"RL&!'`+*)NRMI"Q?_.M
M'1"OUJE*IT=#VS-@6/6K1@-5+=NL(DJS%J-:^48TVC$1A3,#:S6SJ2116-)W
M-]8"+-?_2R$(DDR&FC*JJT9;LR_SM$_[".7THC`#0DP[M?9)HAJ3M<!XMO50
M/.N'M`-55@1$F]#(!EO;':N#,N%"M5)K`04B!=;!*_S0"M$:K1VPMSG&MX7;
M)9L0K?-!N`%Q7A:1*[AB$;LR$)-+&\JR#YOP*X5K+-[0D`WAN+U"!KY4N`4"
MNENX-%UB97"&%,XQ8T_S.WAUIVH+K!@@",G`%*YE%%`27=(Q!T[QE+;[-$J`
M"V&R-&MB7;T;*:T`'\$K:L3;N[N+O)&E#ZQP&I\178$&#=-[O'V"98U(HM<K
M:.+0NY\!7=;E''X"`G&P)GJ!"EZ1"%,0!W4!05\P!MD@:>59_Y\50&%Y0E]S
MH"N*4"5)D2H"?+MC,A/6Y;^&$\`9=@VZ,@@&S`'\*VA<-2Q^TL"'4,!/0Q9F
MD<&CT+E)(,!>T<!4\3\;(&CXTP#B8,%LX5,-S%5C90JA\`S493AR<#Y?4PH<
M]@QL>Z;B0"8(E@3K!0B:$F?B],.^:QU"G!.*DBB3X@%(7%'[6PE,3,3+8,06
M(`Z/8BD48(A,O`C%05Q72@%:/#9=+,2S$%5O4A8A-#7-(!IKT<6#@,-O(`==
MH19(^[94L0E8AF`;EA->X<&C(,,XECA81F.$@#4-$,BI.\@[FP&&?!:`>PB&
MPL@D93\>L"FOH@IV8#B4#,B"D!2&H/\68SP!FOROWC!A42`3&983BVRD,<(,
M]&4'R7`)7T!2UR"_FI"(N88#KY($!J`/]34IFSP%SF%<ZK,!O\PHW!!`D:(-
MQ1Q:R.P!RYQAR]#!4)`GUV#,2X;%%7`-X8#`J9S-\57,9LP!X,P-S[#"?'%1
M7+C-?N-A9.,%8@`&92`&6V(+UM1A)7P5JH"_.3`%A'PLWK`$NY*^774'`-TE
M6W`*;F8X!CT%:9#-D[#0`GT*(4P[4271=.!:"[T,I$P'&CUJZ<O1(FV2(#T3
M,R&/&UW2Z<LJ9*LX]F,=/7QB7#(%CSQV!,(HM'M0/'T#ON68^@MU2Z8#@DM4
M'>JS8AN3?W0DJELV9`MFMR(SN^I&27-KG5HXHAHG6X#:LZI)0T9PU1IS!1$`
"`#L_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>10
<FILENAME>u49135u4913509.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 u49135u4913509.gif
M1TE&.#EA-0'P`+,``+"PL924EM?8V.V69#2;9F"KA==K+Y_%LKK0Q61EF>7`
MJX6[H-_?X,C(R?EE$.#@X2'Y!```````+``````U`?````3_\,E)J[TXZ\V[
M_V`HCF1IGFBJKFSKOG`LSW1MWWBN[WSO_\"@<$@L&H_(I'+)=#4`4$!#8&DT
M*$_HM<GM>F6`0#0@I@C(E#`4_6V[WZ%P.K!]-!+TB=R>A_O_@'L3;`]BA'MG
M=8"+C$V"$@T!D`$"D50/85:$C9R=18]\$GML8612GJBI/Z!H`GBOE)B2JK2U
M.8^15X]EH+:^ORR95FH297J2O<#*RR*EIEN1%8E0S-76U]C9VMO<W=[?X.'B
MX^3EYN?HZ>KK'P*7M\9<[RA09Z)DA)$!>`"#\^PJXDE@,($!P8$%#SY0:+!@
MPCE4&#)\B'#@1(L.,6I<2)'CO8P+_R^&[!@M$D$Q5JX(4".`@3Z"9UIV;%AQ
M9$V:'FWFQ,ESIL^-$D'N%-ES(PD&_VHD,U)I0E(2>>X4ZS<AEQEC`@%:P-GA
ME)1,$E:*H2+V%*8G=,X`N%16FJFS8/5171EI+;$J;^U$>:=ORU=*I50^>Q*6
MI2BTT,@HXD,E6B&J'ROL<:PU11G%<L[0.87Y\F;%K5`*U-P/M%A-_>K*M3H'
MM:PU_3*%H6+ZLR:4F7'G>986M^19CLG@D90UU`-7BRM#[9=@R^=W80[*P7HE
MFC!0HZBRMB15UE0L?2SMF2ZE[N.PDZX8FS[K/%8IQ0L!3_!]$.2J].LK-W%Y
M2_-'@D1C3/]SH:@1Q6\2$&A'?@EJ$IE`W34X&7%B:/&`@L<%=IYW\9#W75\5
ML!'<?;T($M]^(/17#%K@7>)A(=71-QMZ<ZP85GB4.);=58F)]5$\M&V1R(7J
M426'B:5198QF"!HW&H1];+@?5Q^4H2`=#"AFA7R(;1C5+)C=YQV,Q[C6W8ZM
MF2=;&:IQ!DT"E>0A6VY_T:;D5RS6N*!^]Y172E51*E=4!UNN)0I9&C*@!C1^
M-3;7HA5LB<D\I3P*":,65-IGE')18>BF_9PF*5J?CCJ%ABUF>&D5E2JRE#E4
MQC`H3T35"M*L0=VDT!ZQZI1K3D/=JA`%#8GQZ["_&H.KL$(=^Y/_K\_2RJRN
MTP;[PK"-O.I#3"78@V(*V#)"S1&$D?#IM^BFJ^ZZ[+;KKA&_AM#KN_1FP%6\
MX-9;;[@C1.'OOP`'+/#`!!=L\,$()ZSPP@PW[/##$$<LL;\>\*OOQ3W,B_'&
M+FC,L58>F^#`R"0;D,#)*$-V*C65F$6C!DT!8+$&+G\LP@($Y*PS`GI@0LT3
M4X!`6-#2B-FSR"2/;#+*)T,&WT"QC.O2!BX11[0'*]E<`LXZY\QS,85`DMJY
M'/AY02QGV\I!TDHS?7)[\$51AW990%9A>0*F1,U>X_J<9Q:8P&67G\EAS'77
M7X==87N$K13;HT[C4D\?]5`3@**#/Y4!_]L.N-VT'HY)&K9>>()M-7DE`0V?
MB^J5:TC>L;5.-L>'[SS(Z(RK9$\?[K1'^B62Y`EC[X^%&0+G2S/MM&/<FI4%
MT*;#B+I=JJ\%G,Q?'8;4Y9OII>@4OM/>M=>W7W]<+&BY<TKZA=EUZ-/MS];]
MRB`@[[G*3>EQBD&53!'TU+KHGTNF0!<[5((N!WF".ZY@$"@@I1X-((@"$:@V
M:P'+64")ED@LB$%H9;!:'2Q*[<BWD-2$!&B[&IQT1J67ECRP.OH[RY84^(29
M74`!.,QA2G98.*VY00`(0,`!@H@`S<'`AC1`H@_1H<0E.O$(37PBO4(F19MU
M<`94K"(XHB@K+O]J\5U(U%@(-SA&$&KPC-1*(P<K6$8U+LN-:/2@'-_(06)5
M`%]?S",1LJC'*O*QC^'P(B"7Z,4_#M)=5!+D'06IR$-FHY$=N>.S'.F+<!G2
M!Y>DY!\R&02:T+&-<V1C')$URE*:\8.A;)8I4^E&41IECY#4Y+YB*4MF#,H$
M-'%'59QBQ%K^(F1"L@)9PB(3H;&D0K)`FR_#L88X^0D9(P`>9^R1-0S0<IF`
M\-0P)F$A$CSO+&#*5?]X2,YRFO.<Z$RG.M?)SG:Z\YWPC*<\YTG/'?+K<OH@
M2S6A4D#K+>1R%^@A-E$105859!;P$2C-RD.'R\D-`XH0XTQ<R<HUGK+_HL>B
MZ"<G"<J.VA&5&P5I$Y.3"[VE)A=&XT#=U,>Z#"CTF@,E0G+\!3T['.H&+XTI
M''"BT)KLH*<Z?0-/CP)30@6U%D!%`2<A<51:,+"H^;)(4INZ!(M-]94CP!8I
ML2`4J@+BJCQ(ZE*]&M8E"'1FTH*C2$&HT;:N,J1R!!90/7I1N-+1FC;=2B1U
M`%8??@6J3)#@!0"+@KZJ"SAYJ5D!E6'8'#067>83A9@F^%%5/!8$8[TLBA!K
M*)1(`Z^;A*A/J7:"K7J0@5A]E^]RT=!+6(RPY/H!'B-JP[&"`S@MM-IH;9'`
M#MC6!#DE%FRQH9VQ\&$+$C'(;Y706PXLUYNX_UQE'=>JUNK:E8UNE:0UZ8K1
MB5YTKP&-KM#,0$R7NDN("UA``=;+W@*D=X@?&*Y9`]H071ZGO".8Q9!`%-YT
M(4"]XPMP@-W;RVI$<%C-)(V:2H!0):FJO\H1P`$*(.#UIO?"Z5WO@`]0C5@=
MF+Q?"9)AY`4VTN`.HO5,L8I7+,\)#[@`>$,G``"LLP(<@,4XSO$Z4UH(;TE"
M?;$,7FFHV1Z&%.Y>WQ#`"`E<`A?GK``%MD7A"`/0!M<L1><33S=W@EP\=G49
M"*!PC1<090\@H&L+Z#!3(T6'8?P,:.'[@)`^=66NZH2TU0@SFA/G`0488`!_
M#C2@!VT``]2XS&YX[?^:TV"A<JF$QS#0+##TK+,#(+H"`^"<ID>&.`//M[39
MG:ZO0MU12N>,PSLY8Z8WK>D`Z"S-UJ6HJ*\+W"3&4M*T$("83XV"5;.:;0HX
M\Y,OO8@/=Q&5&L`U*I3<-53W^M><4\!"Q`QE8#3VN49U+C`DC&86^!K:(Y.V
M!+A6[41K@$K*5H&'!UO;5`C[R;#]-KC%+8$#V$[*YP9O"Q)Y;50<;@%\7H&\
MH4WO>M][ITA<C&EY,+7=;GO7`?<VN)-6<(/SVJF?Q@:E"R#?"0S\UQ67P+N=
MW0G!8G(#DO8DJ4>Y<I&_.J-U%<G'62WMH(R\NT!I^9T=[H%TER#AH![L6['_
M&_.,V)O7,(\U2&:^Z9I39.2TINZL"7OMCLM5VZ@X.@$B#@.F:SKD%+AY8/EE
MU9U3K9"5!>VB[27<16B=ZUV?.,G`'O9*[U2T2O"Y%]Z.`Z]'FP-B;X18K8YR
MK=:"[WV7>[@[$'@@A-&2"CDRX84V^2(@/O&*I[L%&M^&H9X\V<IX-]QGX'=@
M?X#S<-`[!WZL&#X`%,(BP+8-1,^#TE,<!)0FN:U?4+CUF4(MDX+*?7?G$JI@
M2_7<_:1;=4T^Y1>=6K:?N]21(F98BWKJ7SZW(I&;ANH8J:0,=DIIP`9[O:96
M'F+6?0ZBO_@0,)\`!=@!V;=_`=\#U'U9#9M!8@$F_Q3K^/_UE'X`V$[LYP`*
M$$\;-X`*J#?UAUSE4CKY)5G%X#BBY65^P#76UP,%J'D;\'[QAP08E!S?8U,E
ML3?F<CYDH#Z0IFR5MS5/%@0;:`+D1FPK<$U35AW&$CA#LF_:U6]-<'0?"`0Q
M:`+41H-150)@98%'@7=9-VQ",(0R>'`,YT5)R%?NIC-&&`-0:`):IWYYES%*
MI'K5A7U*1WMD>(9)]P`;V%$7\6Y0EGQ:)5_&=D3SIU*^16+(!H?"(@`'QUT5
MXUT2L(8L!Q+O1P#.%G4T\%(M"'I8UP3O-WH:J'@&V`*'4P"0&`1BB&=R5EF&
MM(@=F'XND(68)HD<2`*%R/]Q/*AOYF<3(OAYNX2'3`&*+2!,FK6%+*!U!$!F
M.4!%F<@"O:@#[^>%*I6"AV$&4B"*@4B*,<!LKX:,D899JCB+BQ",_$08V)$2
M;?<!MAB*NY:+E]:)5$A4ZL:(?D"-YM)ZGH4%9*>-RD@#A0A_PNA8GC@"F@5Y
M.&".4/$\K95]@K2-,?!?XZ.+T<A[NY>-=NA<4:1RSV=189%^I(9/E$`<Q82&
M#S&$B'A%$^!D3_8U'@-;/?5;B11%@U<!0>2,*(!Z(J`6$A0H*N"/-6!JIV:$
MF;6*#&=G6S$SN+A>EH8#7=@%+FD##+!DEYA_&_&+*A!19B9@\+<`.[F,$.<%
M/XG_`S"9B_&X`D:9`IJ%7MWX9`+)`FYHD@^00V(YEF/Y;)DW!!*VE4P9>SV7
M5;0$%HY3=K!8$&FYE>XUE!W`C+FH`I+H`&8I=Z6X`_^EEH=85`45*7ZQ%EE2
M'1,I`@IT.CPFAFD98$R9A=PFA2?0EW\Y<8'9`T)$F&JWB9FB"PFE.KB4",1!
M?E4@`P<P0DLY1`7&`!KIC2R@F2<0E;N(`4JFEGB)<@V(.XL):?8R+'61FJ-3
M!0LX##3V8NW%7ANF8WV98AN8G"S6FN/C7O0D)@0A!5E"?G^%60BF"]QQ'S2!
M?'$H<JVYE4HY9BXT="!AF]P5@WK82AG!20#9->5VD^9E_T=>$4$_I@7"R0$F
M]A),"(Q:V9SO540S8)LF@)NNB`&SN5WFUWN"$35Q<I5V=DL("0<,6@(.RES,
M%H3C]85S"0@=2@(?:EE4)'M"5W[,<*(CD*)=T3<8RFYRMJ(;-`.]R*(Q`*,B
M(*.K-RK*=(>.E00FIXF>X*,A`*0;P#M#6EH#R7:KF41(R`+SR)>2N)GS9I5'
MDA=)<%8U2)/D>(3:-6H+R889`9]$5Q'R*6N_@B?=Z5,ADY!HY9LD^G-_H*0@
MP*0NM0;GLQ1S6C%UVJ(U&E_'AVR+A`-UD(EZRHYGJ0+Y<QR(!EB&5`=7&HV&
M]0[V%6F(!986T*@>P*<R-6>.&?]?46J5(4`9+,D"3,(M+@"J'2"J0F`5P)>J
MIFJ%FL@DLM"+:O$9)X(TBJ>E!(<"DC@`ZJ86I!F@+HI%AGI5J.E,*053_0,8
MZO&J67J;[0BL$V<`9^<!^.`,<7:0H2F.5=ISS00;P-("K*<M)`"K'""K%%"L
ML3<SSA.@Z)9Q50(ZZ=JB.'=@NG21#\&@M&:1V26)W"HO]%I0Y9)VL,>CA=4,
M52&3I*9S#2&P;D6PSR>OV4>4]`B&!ZFAM."N&P"O$V"PXJ5](PJ,?B%0A?H!
M"J"QVCIQP@IRQ*IXQBI3K+(6!V0'.=HOL8,E%P%4!6B0+@NS)2"R&D"R$F"R
M-LISQ>#_.5"+,A*:5XSFG^*A5-)Q&>?3@QQ@`)*HA!GPLC9;L\&*K8\:L]!V
ML_P1M5$[M3,E,\6WL"F@!L89KG:@3@688F(K=P.08M%93]-93P:;8FP;M>ID
M-.PS*9X:%H#SGP6*`5Y;MB:PMQ.GMD=[K0V:K9?+MRBP#X7K-AMKJ9$7*I#"
MI56SJFN'`4,[G!Q`N>!FN>V*N1ZJN;$K=]S*1U3BN9\KM847(C,2&ZC;+3*Q
MJ:NIH9$K=]"H$:Z;MM?W*YJ)ILF8>="[$$8+%;O+-.):$$+"%HFZH>7*L*L[
MN=4[`DB;`4K[`$QK`M>+O78ZKZD8*51SO#)[`LO[:[!+OK*+_Z*TB[^<*Z;G
MIKO7F[VL2Z;Y1K7FF[\C4+^L=K\B4+ZJN[\-K'@'6\`9`,"[RZ\&7`,)F;H7
M(+_@5I]>I,";QL#'@\`_"L$EW+\4C`$6_+D"?'ZXFK0(;$@BK&DD7#\FO*0H
MC,.VBP+KR[MC&EL;X,'0A@(US#DW_`$.?`'G.[[=2@$M7+AF]XKR%X;OFL-$
M:P%'S#9)[`%+;`%-+,$PW*0_S"#[6:+DFFQJ0\2_QI86L<5)H[:T9K%%A[%*
MA[YC>P)1S+8OW+1\58=JB,52&A)P3#)R[%9TK'1V3(;I6P)E;,9,Z+!9')I`
MQ<:L9L1.G,+(:[:`2;:5Z\>UM<=M6_^F'%R3RSJ*DEL"A3PR7=P!7XS*G9R9
M8JS'9=S'4QS#&6#)F]8K4;3*#M#*:R/(H;K#2IS':_O#MBS)I3JR7[N.'>#+
MP+P!KTP!8=S#X%D!CVS+5)IM&J#+FH;)QKRYFYRY9RO.K]NYM<S+#>>^W@M=
MS)S**'M#F<S#XSR[Y5R[VSK&&B#*4*O-_HM%ZYS+LIM)T.S)\TO.L?QS\UPE
MM=R^/5!G)R2FX8NP$E#05^2\63J]@CA]#-'())#-[;LK*A$TO?A0IUP0WLPY
MX*S"YOS!G,R9!LV\:L?+A=#0#/NV"048X((MK+=S0BO,S[S07@S45WS/_)O/
MM(S,#EUBFR'_M[C$TV"#;NI4:%1=U59-U2D&`%>]U53=M_7$U6`MG6"]U3$F
M3V-]U5Y-3_SL.8=K`?VGN##@N.,XR$'51/.RHB+@N&5AJ5;9>AK\AT=U2;8%
M(L#+JU8G462E`X8WO-Q;@TK$19QTJ7WTV(_=,>?YU+NXIA3)T6<J77ZXKQOK
MQRM,RE/[+6DXGPRYV3AWQZ`]KE.<15<JV8EMJ'/]2P>AS@7)L%XU5M?DL'QT
M-51[I#QK<C"!-8JP&)M:!\1;9CL+"?^@W'Q!7GF)W&80W?CU,C!S-<1+M<E]
M*1]Y$([#%GVC%]!@?(:R%_\\P-=\`G5A(HQ&"6KQ.+'@+3"S.)XR_R-ZP0NS
MP5_CC0%T.S91TDQ]$=\W(J#V/0E500P"[M?]77^&H!TDLM^*0>#(A++@FB3&
M4)RW@>'ZL*IA%`3T[3H@!CT-=1;RL7IL\6,F?E\])F2=Q0<!NK#UZA1P(6(]
M=N)-FN(H2.,M_CMA8Q[)MCQZ,>*=167T;>!*`M\;$A%P(AH",F)5%5!P&]5Q
MYE#)FM_X7<%0/`C$F3UYTE`-+AF+"KS_P#U3(9[-U*10O)A#:II?WMX;P)UB
M,^0A$J>>]1?*>ESIP1@UXN3T(1K!BP,?OA6,XV!8$#L^,S9K,(<:@399(D%B
MDB,`+F+L*N.)>>@W?N=9$.@3"#6;/@^2GO_?E&ZW";Y"='Y"0_88XEF,&E,7
MV\E_]S$D8W`&67(G1(K9&`P"6F`)JGE<X),W:$/J@*()$01^DF6UDCXN"SLH
MNG&W--IF*U7BJCDH)14EK^<W;-XRRFY\&]3LI^[KT5Y2O.XQSI``P(L'!R$<
M\.$9$0D67L!3?FW`#[42B`(=><G@W;12]#[GC-L5Q+A8DK4^CV+O!AXH*K,7
M^W[JD9H!<8(V"_]0Y4+OF'-IJS%.;)$29+&H&1\1?Y#EMPZ-K)%$T6$#(3\#
M8E%(MZW>D0+14+K>81IT=/U%BI;KEFVED]S.UR+;@N+:IHRG0G#;[:;>.@]&
MAL?S[/R@-Z#,B#3_]%/X[DR_2;7%2)"424^?:)9$#BB?](I4]2[O\\DKJ&=*
ML9J-VERO]3%_]$_\<V5?#G;=L]U[\XU8VQPKVFXYVT6!VV^?O$I_J^^;WDZ;
M]EJS5%N_P8P0]&B_3*_%]66&5C._;VM?<CC/]\7F/\Y=@SNH;J85,OV]3ZLB
M&54!5J)3:R<H"MV+?Z,/*!5^M_PE?J0<0#+30[9E0W1Q"8<)`@N_YM--+'F>
MJ)&)N&)29W`#5BQOJS2CY2=1P4Z]<\87(F*NFGARY+4J%+(3T&?_7:,I*7'S
MX)VB&%G24&700*)17&U&!HKB_6O@_:0B'Z^C&6CAJ\<0D91C"MAC+*V2_X)P
MPQOF+Q>G.S>`#@$"A###HX!E++)M'J:AI))A,%&E+BYH@&>2R<"#+;S92OF9
M`1H>X"P&0!:#OUF&PHK%3++*37F]IK!;+*\HO,0P8B$#*1:(@4+C!8C.(35H
MXL5#(K(I#9)>!91XD%"#$I*1"[D9=#,:DQ$8R6%I%+03&/0#>XB)Q!`Z2BRR
M>V1B=#'JC`M!L@R"Z@M50F0TG`A9:_D*U<P!G?%(8^(:)N9"`1NA$H-1?6,2
MBV%4@QD*(IM0N1NZT*..F@2TD\2M#>'3`Z5-G"995F';_`'-)(EG[O")S187
M%1`Y!5.OUYQZE=QY*\-(!#QX-X0044*(GHLH$__\W0@CK-A&CIJ6V0#@84*/
M;;0J_(E'+EK(#SE<:M*#XPP+AA8E?CKT!`1(D]1^5'$'XDL%D!,I;+`88,,0
M/[B.6`E7XET?C&1.ZJCBR8*&%H$69L`!HY&:%)Q23'0DA<:&E,8XOBU&"*X(
M+7/MWBUR1RQ>OG`5*J'VM^_=NH,YHC"<6+'<+(H)#RL\3*8_QY517K%QRW%D
MRT40]_W<6?1HNZ$WFH;,F?1JUJU3KT;M&K1JV;5MWSY-&XCNP[QEUXU=.?AN
MW[B-'W];_#7RY;M/NR4>?6X:+EO]919UT@8#')3EZG9CYL.MIWN!<!A&I8/F
MT'4U>,[;@DD97&YL-2G_Y1FX?OC2AS]G+L#!4DCC$LW:@J@M05A(YJ$P3BJB
MFB$HNT2=-<@[(\'+!!E!D.O8NH$\0*B+<)-+`*.,C?L`,6*9)*QXHC7EB!FN
MO>-F%.VI),ZC;"SSSOOCJ`W,V#$(%RP2B98SX#EBQ?.@PJ\*#T"4H@KQBCP2
M*D+NF$F6;^XSI"`!B_E/"=J4*Q.RW'*<B98>K;C#RR#=J")&7#`PXQLEF<)0
M#HT21(NBF7PQ92I`F#`!O7`:`=,&"&M+TS;=(A60T-WPV"0,!<780`(Y("($
MHZE>U,692\(<\HU*=&&+E[0.T5,40\\+(4Y**BE+*6;8`G+,T7#T%:]!5HD(
MG*Q,0]JM!:9^0$(+K^(QY!?\(N0`.S[:@B5"8L^9X9<:M"-VC6ZO/70/;8?2
M3JQVO@B64DIO!+8U&K9X]S?C=@BVO](*.S->,_WE+U\R`<8BWGI7$#C`_1*6
MM#F&$2YXP,2TL%$ZNO2M^&+G+`:N8XP75HS@AP?$,>.1]SWY5S1!4]-BODRK
8<:Z#C9M9Y8!3-LS=7V^&JSV1:00X`@`[
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>11
<FILENAME>u49135u4913510.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 u49135u4913510.gif
M1TE&.#EA,P':`+,``):6E\C(R=C8V;*RLZ2DI>;!K-ML+>CHZ8.#D]2OFVMK
MD^^27F1EF=_?X/EE$.#@X2'Y!```````+``````S`=H```3_\+Q)J[TXZ\V[
M_V`HCF1IGFAZ26KKOG`LSW2]L7:N[WSO[[B?<$@L&G/!HW+);#:3E4!`X*Q:
MKU@2]#%```#>@+.+*`,>"'%.H,ZZWQTH`4"=#-K+P;F2U@7V<(&"%$D!"'58
M>A9]'@2#CY`E202.&']E`Q,$>@B5!)@/!&JB#P!=``&?='9EGI>9%(I\8I>,
M9&>J9P.[G5QF5']D5+NL7@^7JY'*0DFF&`T(F0+1I7334H<"F<ZEF=1=`P(`
MCH8"XMMI4A5DH'W.BH9BX5WJX-I=5)\-AIES7&?QN(0BAV>90206*&&0=0Q!
MMPFFQ"7CYJR/(3MGONP:]_`"PPGI_Z+Q2E5IPD6,%!AU.WE1D<)8U`[*U)'D
M8RQ`%RE*^[0-5D5:#O^5$B5%##<+-D,6G7*TX<V4;4RQ=*BH:<-D,[/&2#*M
MY`,VY30YTEFG2\>?3H6:G4#%*LI9:&"9\T?AI%"(<D.:I(H+T->O;K4*/@'E
MSSA._:)],NKS3K0OOA"C`8I2HIZ>"[U\<=0'W*>O7@:(ZBJ*H:%-O:8*G69*
MU+C%@V.GV')L5[BZNQJ8K#.E]@#=M=D`H\*&K9I[:GI?`%OT&.]===CD_IJ[
M.`7DQK-;E_X;N^SODL"+'_^&-OGSZ)FE7\_^A_GV\.//ED^__GP.P!\TR,^?
M/X7]__WGW_\$`!(HX($&$CB@?@L6J!^"#RH8H(0),CBAA14ZJ"&$_5VX(841
M8ACBAR)VF.&"(S:HHH<K5OC!>Q<H9]^,XN6'`8P6!$;CCN1MX6`%.O(HI&R%
MM:$.7G6U(=R03,I4DQ<.J7+(0X9L!AH8L#2IY2-)6'0,DLYL`EH`LA2TY9E#
MF+@"4C%11TU%7V`)#2IHUMF#C1;\6$%AQN@13#?0P`*@-HR0:&B+*;*HZ(F+
MELCAHR"J*2FDCD;*(:*36JIII9P>VJB->+YH@1C7N(/9',0M29>=K#K1)1@9
MC1.&,Q*!02:49K:J*Q%%UF6.F4=^)>.NQ/):[+$SX:@GLLS.`"K_BH1TL&RS
MU+H0*@<X:G!MM=QF,"T(/F[K+::4>KJIN8DRJFZZ[&9:(KGGPMNIO.B"6BZ]
MXIJ0;;?\#K$OB/T&7$&^(DA`IFT()ZSPP@PW[/##$$<L\<045VSQQ1AGK/'&
M'*^)G\`@C^"N!?^&;/)6)Z<L,L$W/,-RB.NZ6^^]G](<;\TWQVQSNY?B/*_/
M,^<,,PSADB`SOD`C';/2/`M]=-([/ZVSTU'34/+0*C?[K18;Y%H!<^%XK0$I
M65?['A7Y:O/'7R"063:QU[[7&@%UM";:P7^025(P=-/Y%25D[D%2*:60)`#@
MFR#R]F#H8OV`W'?<`1'AJ.R2MVB:9!0*_RR25XZ7:X5GTOD?BB^NU=9Q;""5
MY)2'?D?E>&<DQ1Z'Z\WY'7E[7CO"I@M9]!3F\';,/L$3#PPM^S@''!L-F)-D
M\\)%%\!^8@3]\]37-YV]]=PS+;7VVC=.8@M7]VY^!MFB?K[IY:_/K/H>M.\^
MMP3'/?_](FI@WK8CX\\>_/<)@9KR]#+_S619!027LTS4/:AAKU[>JQK5)O@N
M!X8O@IOB0?H2Z#(#(FN#'CS6`$65IQ#NZF4_&M^>3,C"QZE`A2UD'!!,DJ4_
MD&,<<_';"&/X'7$!4%1_`@P72)>*.X@#!#_D(8\.L#L:UF8/7]"-7RQ0NH]1
M\((6_)X6*87%!_]B<'M<W"+`@*`',#@Q<!"!H@90L90VNO&-<(RC'.=(QSK:
M\8YXS*,>]\C'/OI1CFA+(`O<9I3:E<8VJ5BC$M'#06W=R"13<$@J2"4F+M!-
MD8O\X*B2F*-,PJ>1^D.!@Z;HR0."\AG8DE8),^"74Y8R/O)CY08&:+TNVE*,
M8,P@+AOHQ2P.3(+Y,P$'8XD!4OYR7#Z[)3!YJ4RH,>\Z;6@>6Q"QRR\V,Y@$
M1*:+4N<"8ZJ,$B4!ITD`<AA-=O-\#6CE&202BK:8<V"N]*;*5#(9<9!.C;%!
MW0^WIJQCGF@/P.$DLQ)9ET,>XI+RK-/5[`6D;&K+E4(JBB/"1E#"%3'_2S7B
M8`&)>8&$#DV@39(.8.ZQ#B>>AY,;?8%'54E!9HZLFKX46C2O-3Z8]O*F_EP@
MR53ZROJ<DJ.=[.E)75"T$:Q4J(.`J`*E];*C.@ZI0@"I`%NVL@L!@*9*A2J1
M>#I&1VK5"-/Z5@H%R=6W%<``"U@`6M6:UK6ZM:UI+190&YJ"ER[SBRX-8[D*
MX("^^O6O@`7L`FQZ35L>`0I2)=SB^!K8Q@;6`.O)Z@H="L..FHZQCLVL`Q:@
MC,2*8%MSI8`W4]@MS&JVL9R-A#Z%&;\3X&FT^9(L?4Q[6L%FI9$:@A;Z5*I;
M@=&VMGZ%[`$_J]303NY")OLM<#=+'L^&$G!U_Z'3X3AW25E:RT[*!6YJ!0%*
MY^Z6#8"X*BH.:3FO!-6UH<IM3'/)7I>2*[NUW2YA<<FN*K"`&+5Y8AJ/6\S+
M+O>QRP`I;G>[.1KN0P]2Q*=5_\C@!COXP79,P'\%"^$*6QB0(V#B<8_X.C9L
M@BF8-.N$_RK<'6TT%:C@L#-LF$.QG0%/LMT2?$^[73?4#Y56S#!23N!4?LU8
MLS5NU4)5Y]\1]S7(K.+H*%U[@9K>=;UYU>5>C=Q7`\P7F/6%P3[%I>3\]!A^
M3FXI7L>,7)G].+.#?3).&=ID'!M-MK39H76]BLUBG=FQ2'9"C#TP3&]!B`,`
M_7/`[HS:VR+*H5P[Y_\+6T5H`,-!G[UM,D3E-]8>KQ(&AR/;/VA!"7/X21F-
MMNVC]\Q4Y$;KS99EPA0J"F*Z(;*B*#!,=+X@ACED@L4H"/5?\QR(83GO&$?Z
M-1()9ES%-N%PG=P$493=`F#(!3")S,@^S#L"7?N5UV_82')LW0W1S4%LX?F`
M^BP]50JR3C]NVT3E6L.I+KJ-0(<3AS^NFLXU3\#:57;1E876U3:_NV[&7L6+
MB2KI$CB5U%WS2KP))Q$INN"(0/+P/?E;`GPS-P5!A&0:;QVD$9P[O]PV#+4O
M3<(6R-.[(Z@2*E8>AC*"M^,B((7SW$8,41PRUU2^>*Q#822?7(?G2,PILB/_
M'HM1F,FS,*J?ERO;9D2WX#<[*.-X#;-N2F*TXCG']@BJF]^X+`\K)K"G/#:W
ME%5@CFAEI9%U:F#Q$J-@Z":50B5(AW';I/-@D;O-EXB;2D6+F,I:#X&F\POP
M8>0*I<`!=UT?^=D0+X?6T:T$Z]Z-W:RK0!4VSZ]HWL&1J.ZYV/(D#NUT(8_I
M=;W./+)XX$>@#7$;!+$P;BH'D'U@S2<G2P5B<Y3;2V9]3YG*5E9S80M^IQ#`
MWNF7]N@J:D_SVS/:\MQ]`=(7#Q%#O;N0I)C\U4UP5KBR]?MO96L!N)^`!93_
M_.9//_K1/WZL`YYQD58!Z$E$];5-T@Z\43P(%I#S__:3P.()P'W0=P0`]`EE
M<(`(F(`)B#)^QP%XD%XMP']4YG_5-H`5"'Q+(%;Y@0`,T($>^($@"(*HAVB@
MA6JIUG@S(&$3*(#OYWY&MGH$N($A.(,S.(+PQ$UTY@'DE@,2:&04*`(`R((O
M>`(%4(1&>(1(F(3JLRT<2(-.V(&S!$J@YWHZT(,C]H,AH'I".&(PJ`%9MX09
MT(1/2(-1J&/"1CW7$1U59"$[6&HWJ#,JZ(,6I'KJI3-MET46.`)B.(8A2'R2
M@&)9HFXO-SN5U%]-8(43AH4@$(0NR(4GD'-N9VH:L(=\^(%;`7!_HU^9YDYS
MQG1^%H']MX43UH48H(4FD/^'PT:)E0B%:-=UA"0+D&%L'25'Y1=^MNA]!E``
M?82(_Y4`?12'7/B+D.A'P]A'JKB*<Z0X+\,"R9!(:+2)A+,L"<6+RZ6('P",
MB2B*O:B-RT6*&("*(7",E5@"WR(!'U8<*S==RX9?AI@!U`A<XP=2[UA;UN@!
MIOA_X`@"7XA"%R".?+@5>+<V#:!W1T)Y[8@!V/A?]=@!\WA:"\D!]WB!1A:)
M(I"/_982J]B'#Z5C41!,LJ<!#:E96'@T"5F-/:,N0=@]]UB'[`*))^"/8\B`
M+`5H&Q"2F362]V*3CN5_+&DB6JB2`]B3$(**"0233RB3)LA?&U*2\&@".ME8
M#[G_`1$)A!;I`579`4;IA&](&%65/],8BB7`E/3(C<`5@(TX8109`E?)`5E)
MAL,FB1,PA2`)EB3PE($5E1HPE5FXEAO@DB;0EC7XEGV7@QV04&+ID$Y)EQ+I
MB&?Y7]YX`="'0C8"F!JYD<;7=-M$DW,Y@:YTF"))EK5EEOC8@B40F21`F2"X
M-0*%6";PE2N(F36IF%1)FHN)EH](FR07AAF9FFP6;B:W`9YYDVYF*'8)6`4@
M1J:H>PT2D=;CER6`FI:8FQS)9P0#"!M2G'^%EQD0G#L)FJ<EFK7IF+<YA'^Y
MF]'Y`G+ICK(9`MCI5]I9BGR9`7=XBKCYB?UHGAY8;JA'_TRO!9SKN7__^0%Z
MN8CQF0'.*5#0F9^MV$'B5F^;*8=/Y9^O.9I&!IZS29ZE69_X(8/XR0!E6#!I
M=P'MV5?O*:(!:H\%>@$#JH\:"@()RHKH&:(6P)U0F9@3&I[=Z)V:E98LBJ&G
MV:$>FGL!Y(:.9Z(WNI7;>:(=P(@4RI@9.I':M`$OZJ$+2J36]2$CZ@!XB:5@
MJ9P>PISPDIS^="@I>I\=RF0>DU,B8$S`0:-W::,0VJ2CJ*-H-IY.^J-G2H5J
M&I>L=5X8D*4E.J-*"I$Y9Z%[B8'TZ:.6F2!3&G2M-4L-ZIH^*%6`2J=X9JF%
MEJ@C5F*@U*CV":(->`%N:IRYE_]`E=J8.8JJVF6G<UJ>>>IFH/J;#WJ%)C"J
MV8FI@66H!-JB'Y"/\#.E*#=9U*F9ZGFDR%<!IRJGXJFJM<6CO=JBOPJD`E:"
M#4JL+F*K[@FGM,JL-(:KHO:DF_J20.JH.*@"`]=DR<IG_X&M)(J<A>I[YZ)Z
MU"0O9;H(X[JG'%D0TZ,;OR9L5A6;Q@J@`2N@]4H!\PFNK1JAV.2I,2J+@F@8
M3$$GTBBA<3H"Z7JA=XJQ"4L"!8N1KPJK2P4(R/:,G2:+?FJD%0N7HCJH4OFN
MW`IDK/I?SDIG#$MPQO:*4*1@LQA'6>J+?-2SP@AX03N1Q"BTQ@BDR0BI'H,3
MY*`(Z83_4$5J`1<+LA0PM;NJJ(>*M6J)J,]YK]7:=WNP#:2C;'+'CB>(D%TZ
M`NRJI=[Z5[I*L+QJE7&+E5YKL]*P3@3I?%$;(59K1:?JI1E"AQ(TGX`[-!T+
M$G6+<H7`8SC6MTK[MV.ZG%\XN*;9*)`)>'+&A(D;>['*H%%JLH(ZL!ZPMH%:
M`4R*HZOZ9I`H9Y-8MYY;<J^[+L:F)U8+/XZ[I(>[HDQ5KQR*GTB9`I*ZK77)
MLGF9N\[)L=#*/Q[KNTFY4Z$:NBG[J11`NFWK5V^+HG/+`;[*,L!:0,MH+<&;
MC9G)`;=+J-E;O.?KA5R+I_@Y5ER)?&!V<N6K+?.+OEH+M_=+_[6'BP:N*W]^
MN*;:0KU&0[KN2F5F6;C\T7;]$RI\J;D?2SXRBJS$6ZS1>[49F[47O+7YZP$U
M&[OE^K6IMBQ]BT`2++JXF[[PB<(W>*"-U,'^*TPV8I@3C+8F;+X56KU'%K.I
MJI\NK)_"ZL%$-JN)2*DSK*+&N[XCL+UT^[&0]L$H$+X*J:WBJZP[C+KQI<.I
MV[4/_,*R*FD"3`)?;,7?B<,Z][D6<+QZV+]#FF-[6[6RJ2?;4K_R><0;+)T-
MK)M;?*R#J;(Z"+`5_`&5"I2D*904<H>>>+EUS)9JC`+IJ2=A3*2/C,$3=KTG
MG,A]N;Z<Q+#!&DNA`L4F*9@/(,<I;/_)<ZS"B'RGF>RU`F4_BPJ;%(>RPFNQ
M16P!NEO)&<Q2^]O#K4Q@9FRMOR3`O:D!D6S!DTS&,]L!%@F!?+#("DM5+S1:
MH?R?`24NHFS$IFRZ^XO&;,R_><S(`I0OGMR4)5#-M$S'MRQH%7"XT,#,^A+!
MTUO$-O+%A(PA*8DO>IE`ZJS)$.QWM`O/)1RG\UP@/VG/VJS!Y\S!JKS+SHS.
MGQO.8SG.LXS-UVRP*8HGQTO">,R\?,?+TNO+T!O+(C#,^#MBE&S#!XW,$[V\
MYOF[&W`X?G.0L#S%C43.$DW*HWS2VJO"/Z++B?4OHR%/#HV8$%W#+9O2#W"P
MR&O3&*#+[]O_QZ`K6K1H`%(]U51=U57MLWN4`%:]U5N-U7JDU5P=UE+MU7D$
MUF+-U0O@1V<MUGZ$``KPUG`=UW(MUTG;N9HI3PZS"1Q3,7J]UWZ=UW\],7T=
MV(1=V`QS=.C\+^4UK(\@*;UW3;MW70:11"4C&M2T:%^U'L<WOM3'V1VMISS"
M,MV5N;*ES%8350J-KZ*$<-&WS5VIQUFFKE9ZF:#LRD@J?:;#VKU\6)*M9;$5
MN81)(\&JM#`L,E5J!4GDO?VB5,--M=[<IT"\/A"U6C:P=LKS'\HA;,X#%J5C
M*(Q'CAZ`8FU0"=1#"=0C784H!?`3.)SSTIG&:5:7>#/%(NP]3EGR_][39G4,
MTGKFH@WCL!^ZD0G`\6G390?5U7K2:>!D$RS'P`V6W>"U%HL?<#@'*`:XDA*V
M\@K_D`9DL'V?753-S`%GAU]^,3V6(UX\1PSQH#YTYXP0YQS19D@'TQ#ZU^#`
MX`CYD!P>5@HR3@SGX`'V9..^$`5'1%[AL$XP!]7Z02<&66MXXQKUMH.?D`_9
MT!%_,3=KP^'JML8QX!?T1DIX,T10U`#0U0%<1S93M#L'-N9ES@%G3BI@UT1H
M1#AZ[0'GIC>K(EJ*%8NX8+8:4%&'4WL)<43I)#FO$P[\V":],`V*P^A2X1`<
M;@JV$N(<C5X8X!4ZJPEJ(^9I9"72Z1>28_^00X2SG=YYUAKJ8(<[MP:+<V!&
M'7#GI]`F^96S$-'J",#BN`<05X=L4&3H10%V>]H+^]`'+T$!"O'HDW%V>3Z=
MH-T(V_;**KX-XK#C0V3G<K%.7'<,.$YZ=$!0'_?GE7!$AE=00M1AU^?ACR=Z
MF,@6""4=/VU2A5D'I"#JI/#3;I,,@^>`G7`*OG`4I^`8'#$'')YQB>;;[+X9
MZ][ONK!B.!3@-?X/XQ"QW*!RA-C@U?7M&E!&V6?J%&]##=Z,Z!XC<1(5UP$K
MA-AB\.Z'5`<+;@,@JA`.W_8/=\!M(8`,PV`;L8#SE!?J?L[L-"!O#Z\"+@UU
M.C#T/:`'V6X#-A1M]+.=`893!/P9`K\6S$V_+/ZZH2EP]7Z`@B?`]$R@FK";
M03F@VT9SDI#]V'NFW)X7W67_W5PD$\\R'OP(WO8I8$@:5AJE!0>P]WS?]W[_
A]X`?^((_^(1?^(9_^(B?^(J_^(S?^([_^)`?^7\?`0`[
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>12
<FILENAME>u49135u4913511.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 u49135u4913511.gif
M1TE&.#EA-P'Q`+,``-35U:ZNKY.3E#6:9>OK[/"'2V&MAM!M+*+&M+C/Q&1E
MF8J\HOEE$-_?X,C(R>#@X2'Y!```````+``````W`?$```3_\,E)J[TXZ\V[
M_V`HCF1IGJA&I&SKOG`LS_2WUGBN[WSO/[>?<$@L&FO!HW+);#*3SJAT2F5!
M)XZ`0!!P.`&!</CA\%;/Z.=EV\T*G`ZN^*'5`02`M'X_N6H;%'E-#@H5=1YF
M)0%\C&E7`HD58%R"95IF<9!DF%Z6D'%=$I,!>66@%'&&;V1:BQ*97JV+I%JE
MK8!T;H*D#PVM`*."C<-"4(08H+H/6[K);UP2T,Q:D%L/=UUULJNO<J%USK-<
M69FAS)_CULN0AYK3;G&1Q/,ZQMRJ$]*NZ5Z`T,N+_FE*E>H:GD.X7BD0(X[.
MJE3_\AP">(UB+TT*S&1<5@:/A`9;_P`EI$<2B21-%OXYM`CM%\N`KC:FHK:%
MW3TL-^O4K,F1PL2-T1)),X/132!F)9.:K*".@B]7=&!&<Y7I)<M.A29*T(H3
M'U>5*X/F@SI4K$T+EY2JA7'ECB9?;^*1V2BPS<H_IP1V>H.M5P"X%PB9BA57
M$QB'I1PV\((2L>('0.DZZ`N,5-^UF%-<N49-P;\XGLV$RG7'\R*W<G*)+0C:
M6I;`.^.ZTF*:LP#/%ZTU=KB0J""/`VN&J3DRLW$1FX\K7SXE.?/GT(LXCTZ]
M>H[IUK-K;X%]N_?O(;J#'T_^@OCRZ,FW'3+&8XB":,&B$8;BX+Z=.&__`UF\
MO#WZO4S00/]"!!(H8($"'IC*'?T8F.!'N(P!H6,35AB@A0A^=."&&F+(88!U
M9'AA+PZ2&!5@`)D"B$M5D<'-@!^***-3,=:(88DP=FBBC@]BL-X/*.WVP1T`
M<C7%:Z*D`!)A8N$4R65"JI>2`R!1@TE-7J`V&S5=L-$-4JBXMY&67^*!&E%0
MN3@44C2A.<T6`*H9)!N"G&D0+%C*2<HJ9$;EI4--;;7*(4`)&I^AZ0$Q)4@"
MP`6,:U1"<\HE;@%`2`-]<341)%6Z&-`;V>"!I%:,,M;H09K4LHY#>Z;IZ5R,
M=0G<(H182@D[*R5CZT6T2B.J/H=1\$\[^CWCJHO=)*HH4XQI9-3_!!-ILXI>
MEW0425-G&:JJBY%HNDJA*KFS%Z)C01L049-EU%$7"@@2X;14@<J-3OM\&N>P
MWUY[+&M1@G?%1D!E2^Y,\`8E2QCT-9711*G`-5M(Y"+:V,2+R%1(6.4:&G"7
M#'7D$T\6'<.PL5,9)"2^34:,J&")/M)L4/"Y^&Y8_RS<Z`3T;=K1S-V8<9FW
M*4<D+K(8DUL6@W)]!%\<BUW\66$SUP6M>R73'$G2/7<3IW(B5N!R3Y!-QDP9
MZZQ+\SZF>OQQ/FE/RG$8IZRZ=M@XR;K:H#=AH\PY'K5"SC&"3B(1.P6-K4_)
M-EV+MP2%"OI)*U-OEZ,%?DBT2QZ3O&7E_RN<;(7YYA?&<?F`H)?#"B7^4)D0
MV70(LYA+K;,R(-F3NT$*(`M10B*7F"XBDAS03&+)1U;.W@_9F^?(&I6M%YCY
M:/[\A6.)(TX^HX<]6F_CCMSWU\%Y.<@G0LP]]&N$^1XLJ6QRD]MQ<PGHXQ#_
M$.2'(&'+3"`Y@OY`RK,$+R/PA;(D`+X!&A`Z!3R@`H\CGO8M\(%2&(GV*-<!
M!T+P@DOPG@I,H$$,>C`&'?S>5AA"PA*:\(0H3*$*5\C"%KKPA3",H0QG2,,:
MVO"&)@00^T+XP1ZB(8$6]*$0U8"%`ACQB,7RS/R&^!P$&.")4%Q`#W@(@B0X
M@`%8S.(!%,#%+O\F`@"+8=UD1@!&_U70C$R<P0(&P,8V&@`58:S$UC"PF%YL
M#8UHW(`5LZC%+GH16O&83!O^HK0-O(YI><0`U=*(@S6VD8UO9%L7+)6-8V&@
MDOT934JJU[4^H(*/6-RB'PO5)4O4R166&MX(P0`,<H@J*IN@%52R8*M*T,I2
MJ30E*QA)`D<^,I(&$QL6,"'+78Y0D[X0&S&3N8Q=9H&*>P3E*+F8B%+&["%P
M&\VIE@0W=E@FFZ(3Q2Q`<DQR=(F2=`#)''FY`5^Z45CD(.<KJ').5GP185M)
M)C?,=`>`=&R=GL0"*!D@2C]6DS6$[,+LP'F19GHS'@@#0S;$!L;#=*G_%W^;
M:*,L2M'K=6]ZV:.>1R?XT9":5$?6`RE*1;HA=T)20.P@71Y\L0M($`EN$:)%
M-$Z'L[,0#HR:S$`2&E"``!C1J#D<YBSA1B(P#,8O=&C=(%D9!IK2XG:LF(4=
MX2;19V;U*2D]:?>V1U).BE5&*C7K2LF:5@EN*`$+B*M<$2"@-L!(#-5DB$0)
MF<K19$&KJ\QF5YFJ1Q%0D9V(_1`*$IC8QOJ@@8Z-;`\@*]G*&E:QWF.L93=K
M`9(&T6LL."QG1QO0SHKV`J<EK>2HIQDZAO"S:ATK]F2[UMK&UK-MC5%N9WM;
MMOK6MF@]Z_9Z.]NP#K>UJDTN#LX#6^4ZUT?/_XVN8DF@6>FRLWT\S*QUM]LC
M"PE5`ZD=$7<YJ]E.CA<\%@PO!ZI;0>^5=:1MW2UMC4M<VM87M[^]+WR%R]_Y
MLI2W='P!>R]KW_T"5[[X+:Y\]7M6!,>WO^_-KT?KNP/FJO>\DATPAGUHWO6:
M=L-,/"QV.^R<3`QN+Y8$\06G):F6S!$[YEQ&/X-:@0NK.#I\<NB2\C@=IWYC
M#%[U[HVCTT$+WH,OU=A@!B`:"R`3,C"#B;*4ITSE*EOYREC.LI:WS.4N>_G+
M8`ZSF,M@9"Q`A18:=`X@8GPJU2!CNDYQL(2':^#;ROG`PO62<!@%QCG?",(/
M!NYQW[R&CW##6BEVCO]+TA(W0J.VLGG8IU.#Y1TT(ID9%C6?AAWM7&PV\],X
M@\[J4-MAZ,(@D99%DCMV^@IF,F?4)-#NJ9\KSW[F0IY^6>1S4(T<4IN`UXX]
M$_3@I-04'\<,-J;@";0'[.TVNQ%!?+:00<N!XDBP.,@>LG:D+<)95YN71PRW
MN,7-[;64N[#>_G"`%>SG`K>;OG4.[EH+,-!Z9Q'9=_8OH-_-6M.:L:P>3C=G
MZ6WO>I];*0?_KL`W2_""@S+A)8&X>6(@<0\VW.'WKK2`?5V"BF/PXAAG@,?/
M$.WN&E+A)^]NAIC'O<B"'.,C'T;,"4A@'F$!SC5FXLL=/G,]P*C9HMUT8#+_
MT)]DDV?G!>]Y&GZ>/@\(W0()3S"%XZW;?>-9T+Q%NKU97E*LZYO=7H^MR8=>
M`@>JV:_T-#895*MU@VL<ZH2D';!+',B_<B212C]@VP>:=SWT`Q79T!L`T;UD
MLH!ZR6P/.1_['H7^_!V0,O:&TUVKFM>Q2@-M&+/F-\_YSE=Y[Z#,O.='3_K!
M'`LU&$U3"*>#)/Y`?J7_IA&X%9_Q[>!Q-BTBO`60%I7!O(^3#9(]QWL(^L5G
MA^DU9AIGE*'["ORUDE<%:/#;*\3BU]XX042^4U@^F3!V^P6,5Y;UL1C^,_3\
MZ<Y?=J`9S".J_]GK4L?O^$4.=CM;W?YA']_&U4V"__*G9_[^1P6/AUPUA@L`
MAWBDA70'L(`/]W:&)6O@]VVS!TH"\$AL=`#DIQ;-A6W[5W9DEW-$9W3><7$5
M:(&/=``!>"3@U6\3QT$%6&[-I7=9=((8N("/)$78QT/^4VHH%UIU)%Z216\'
M\$CU-H1M!%#*<7X4EWAMA($%5X(#D`#5,3L=^`%4)'$&^%]?AW_LQX7NYW4%
MT(0A!X52&']5!W]:>(`QB(#<47-L&&N/=G_RUH5S^(7U58)."',`T$8)8(;O
M1X?"=X"_%FL0Z(*H8$@B6!Z^1'M>@`"0A(0D-WR'"(355HAQ-G8@>',KB',/
MM(=L1'OT]P"..`#`I('>H_^$"R=9!O")H)@(CH2#N]9TW^<"\K"&'S2*>:AX
MD;"*48@&&^A>FMA9U`5>E2!&&Y""WP%)`!@(CW@<L/9HF/(*LPAW4]%D-Y%^
MEN5("+",%#"*I7ALBA0IGS!W&J!JXK0);P@"M@@>GOA&W$@!K\@$B?B!/G$:
MXZ!Z/4B-9?,:K<>!`51T9PB(<AB07PAO#\"+><"-D\.+?;A^!3EAZP8"B9`0
MX[`)B]1!K`<5W&1,%R!ZI?>1($EZKU@&\^>1IM!&(9F26K8OU6`+]Z-DJ,6/
MF/(,ZI2.PB=$O#@![U@!"<!&L)@9._@,E?%7D,AZ*+87>,>#M\A&="4!.UD!
MO#C_CT*`7SLH%]^D=J5%BRBPCM7Q4CH)BJ%X`>TX!;\X=CN8;.PU8M(8`ERY
M'3W9BU_9BAJ@C1%D=-(FB&FI0<A8'3E)`4]I`0BY=!*ICCR$?I.86&_9E'')
MB!OPEM^8%*B8/H>E='Z(A@TVD'\X4CDY$@`87/&XA74X:%*9?J.Y&=DWF1)H
MA0OVD/QVF5Z7F.+5F6<8F)5ID``V`Z@67H89C$3G07U9`7\IEEZ)<%48D1\P
MD9QHG-\!FQ80G!?PF42`7=37(6=9`MV171*$G)4HC.3QF\`)EL_&D()I(Y&I
ME>S$G,T)GD,RG"1QERRXFVO)2][YG7+Y`:/XDS6071AE_W/'Z('*QI;]V0%=
M)3OI@9[I69\?()YT1$\TX`Y&P@&JTX9N2(_E.$GF!)#:P9X'RI@A<(2*]`;J
MHYH?("'^,#YMV7Q"QI7`9GFJ<8T78IOS10VVX@JL67_[-8I2.&_J"9H/\):P
MF",7%4Z6V9MC(13ZEW*3QW_39I.HY19B$R@P`#U@(P6K^)CTR:$AX$@Y.C5P
MP@7BDP+QT#?E5IW#N)786("HY6DS4%70`HE#8*`7X)P;X(D#X#W/T%`PT$^B
MHG8D59X9(&Q0NGUBQ3E`]GL4IRH/N@3S&:<[*@*.66B5(@/QP"CFTZ<=F2J6
M08[I<Z<!"J%^I92_AGM2X(F*F?\!<LH!="D#-F:+9C24E40?000^[8%JW.9`
M)]H!7BI1ALH$C@2)I\H!O%BJ.C"/$>I\GZ)0)/8!'N$&'6226-:33R17`;``
MTQH`"<!YF>>L*KEED)1E)2EF;SD`"+"MI&=)24-3;GJ='.EF%-H!X6J"\`I)
M4317";"EP]"K'?"KU<:'RX:(%U"O]GJ<&'`'*Y()T"2),I95+LJ;RBF*<?5$
M\1JQ$1NM">`Z->J%^366'K6,!1FN?99_F'B)U^!$O,A&`=L!_O-\AP0Q*-IR
M(V(I_-=S#0"P`(L`<K4`4%2R\/I$"/"Q/&JC^8:O&ZN>!=FC;:28(P4"`)``
M.FN!;GK_I@(R1A5Q#8=50**UEV*9`#8+L2:X`,*J!&/I`?KJ`:,HKC[8HTX$
MKPI@`-Y00@.X(7[*`M,7F^-6MT?D<5O;M4^K`_@JMHV*`G1J`'L[L&FKMM-T
MN`O1J5:PA)\UMB``5Q9H`*-I`F'KMPBJ)"6[`"<[IS:[LST;`(B+N%CYMD3:
MLI+):8QZN?MC;P<`A0.`@05`!'UKN5C:`NYD`)JK`5K+M;^$`/8*NJ$[3:-+
MB7'HLEG9`JCVCA=V10YGA&P4NT)0N;2KBS$``"XEKSD;KT^TN700O,*KN`2H
M)/&)`8Z[9(KW2%_+MVPTN`]0OJ9JMP70NA+[2UZ[-0D!O-[;_T4:Z7C%F9Q$
MFKQ_N[J*Y[R2VP/2.[TA5W$#O(`"@+OTRKW"A[_YF[C3ED>WND.9"*$;$)SQ
MMQA@Z4:PVIJS);2_Q;%I6")@R0`H(,'Y.[PN`)]KIP'N&QA@60"^-+D:<,`(
M#',HD,)+*K*&,,'ZZUYKUK]LR;]E-<-05\.BR*\X$)4CH,06X,/<Z0$L[+TN
M;+R]]H`5O,$!/#Y,W,0F6P.>B)\?(,450,49S`%7'+Q9O)U+"L,`K+I@#(K0
M*\9F.P.!&<5?+`)JK`A"S$5O[*^F>P)S7+L"3'MW;+1,*0-P"@)H3`%_3`)M
M'+J#O%BI64$Q;*I$:V/,J\@\R8M6NO]L;60"D3P!DZRD'1G(%,RD_MN"0-Q_
M7BR7M_H*81P(HCRY6FK*?1P"J0S'6\'*KH)MD\M8-%6.LXS(KVS+=BR6HLR^
M&>"C)W#*$O#+A!S,@?QDJ`L(8+!F6:*I(%`-'73(U)N:UO/)BE<`..)(!K"E
M,*H]=&J`!+DA"GEG?WQAE2RZX'LG>.`-Z:J._)A'<\N9O7R<M_R<3EP"NSS-
M!?T!UBR9^7RXE_P-3HJ5Q^NIZVH(5Q:_"]C1'OW1!Z"M6Q8`!`72)GT`!7!E
MOK0`8>:-F\?1)PW2(KUE,7W2FG<;@3R.5'8LWT`EE/;#"130Q)N;.,P#X2JX
M&\JZ;<0`BTS_9*"*O&@1"Q*1>S")L!RA:\ICB(,Z!`U0L@';=LZ+14UM0$:'
M"_[#(!OUJ@&GCH/7KIGA2TCME`7GO$XXUI75JG%7L-,HM]#!M&VT`*505$=U
M5,YK5$4%S;Y8U(09&#E2RQ0@QSN@V%GZ2P';`(4+EUSC5K(HJ8X-R]-YC.O8
MV1E\L0G6U9'+NY"4A9@YI!AKHSZ@V?M\`E<@VIO\PVIAO4WK1A!,6E'GV;:]
MQ@R+IL<!`#8K5Q6+'J=U;8:\V86LR6YMA=HFOLQ]J[5CQ,!->;7-02PH@*6`
M8IB"M60IV<]M8Y!-`^+M`J+:9+&37'$+IN`Q*HG`CQ9-#Q>6B.-<_\Q+**):
M_3^B44V_<9B9$=I<C++J]5E6BYK\"1VC@7;Y8"ZL,PSG+=SOP=Q5#=7J1MN;
M&':D'2']O1BIT<W<S`6J[=J\M>&-$`FT/1VVZ(\AN!P"1+6;0#8/_DS@/97^
M6]8C@>(BJ.)%)L\`?L1)H<UH(0G4\=06+J$1.!YS%(W*9<$CT!UE5`:Y-+50
M]P)$S%W6EFQ%A@)H5`J5P,W`D(^[=U7]#&1F5./GU=D%?MW[B19/81/]3%.6
MR#U/!A'"\MS8K=U#AN&E:TAG?69B\.&)M@'SDC:>4^4@%.'1S>50=R65L2FF
ME@%\<F1332/D>NF8GNF:ONE3MB%,E31>RO\8D:Y((T2UK,2N+?[;+6#BK!V:
M)-[J\ZSJ"9[JQ$O;GW57I$`E8U!*G/J?EY1/MB$:BQ[9BSWK.9!I?W$85CGJ
M';F#Q*-!?`Y>TK6!:3"Z@Q[;KX#8JCSL0+[?>7Z<2<GL4[GEGPUB*SZAH<6)
M,&RF`\[MJZ[?F2SFWHZDQ>[N56!TIIGEZO?:B*7HITOO,I#O+^`WT!(F<;>L
MC?'@1,<BG.(DJ^0B[D*CTY,,*](8@L,M?L$+I--U(%*1HH!LH#`['B%1)$([
M->(PQ1@FHL$+<F%BQ+OMYJV;.3`&#,)JTH@P;2:4=S*GP0&S"2]C@M5F1(-Y
M5TDBA_8H#C5854/_]#MO$6N'\^1$.$W_I\&Q9FG"&$HOE#26P[R#>J+`$Z5R
M>?JQHC+?[MA-:<%RC7_59+)4)2BNC\;4UJT#+U)-U:3>X`81U;(T+5&!E6@_
M"R^955(]+6Y_C$N5T7-O,%DEY-/%!K"@3)S#((&^)-4P28JM83'(/WP_(;3`
M]@K[I3X1W[YS$U%?C;D0ZH1^YTX_0O(-+UYJ^,+2"CGA5*<_%7^2`9HDWS7&
MJ;AB3KH&&Z(Q\@J0XV4>I@`!)OWJZU8M`H>V#PI23-D0XW97H9!'8Q3-$;.0
M2K_/%'6R3T?!&;$4:91DT<T__H"W2WNR?--?>)#'/ZK!"P>Q"0OEYRAA_Y6N
M0B^"40B4T&@W#@'M35HGL;G)W/T,A"#DA,H1@R9]1`$`G8\*ZZ>6P100!&<=
M44RS!V_T:H4HP(#QQ?--'`'B+27@3"FH$?.!BMYRLYI(2J7M>C(7$%GM-:!?
M'TQ:'Z%X/`?,7+78J,(`+)QIJ(&1.W%HE!BSFP#@((+J:VS<:E2,'"LJ3"R*
M+,*4B%R<0"5"%+%3Q<R!I)P$M.1D['M0=?TI1%%8XP%&6QFVM,+JP3)D?B!L
M_J#T`%"![I#6Q2Y"LX8&R.SVK@XO%*2^UB9/:U4O3Y]Y7GI_;[?&%JRBQ,]>
MDN]/U5=!7T"`__@53.4O(4)="@\V9#@/7;-]T?\:]!)8;R*S>`PU?JPWT*'(
MA0^ED81H<B1!E1%7&MQ'#V0XF19G.KOI,.>AFCM]_@1:,1K0:_4Z4B0JE.A2
MIDW=!?V9[F@@>CT!676:5>M'B5M3/K37<ZI`K(;*:CCK5>U:D$K#FNTVMEO5
MIU<YI&6;5R_%>7A!RO7@=N]@PB']\BP<EV_B56@9#SXI4_!.O)/)`7Z<KV;,
MD1E=?C;)DC/HF*)-&T2=F=SA#%,MUUW-6O7L0[35":6'6?-MV;9]MV4YE.I;
MIKI[!_Z=G/9Q9EA??]!-67C@P\R57Y^>\[F'Z(%J8P>_U_K<M1U'M96>.OS:
MT=K'E[OY[&(3.Y[J\4'_"E]]("46AFSA!D`AFOF/'(R@T6*"`O&9(@#[ME/0
MOS4</".$,!2\$"PV6K@(.2FL:H^">%`8P[Y"OO&`0D#&,,5$7P(K<,`3`CQ#
M1D-B[.;`#E#L8(H2/&CP06Q0%"K&_U0,<H5`<#RAA18`.*_'OG1J;8D1QC'!
M!1QZ:&*-%7S@<@,HJ.CA#A\2X<)""[^<P@PN0^AC#3`<7,-,.M$``P5D&N'2
MD@2_Q.*(-2V4P<(M>ABS!2[/E#,.!RV$PH0-$@GS$6[`;$7./!+-TU$1P(#2
M!2<5=`3)*X.PDALUR\RR!2T@)71`%Z(TI",9!&E5BS/%0"0/71*\`88@:UPA
M_\@FG`Q5#!)?,('",TDD<]0-ANAR0#K/<94*!WL%UH0&58#R439T%0(&*'EP
MTEEG^Q"WU69CT18&4X70=9(\[A56B8NH:83,?K<U<@1^*X2S`FI4W9!.)Y^E
MXN`-(WP!6&A<DR!7?[6%=EX0Y)T"7E+[^":9&Y1PD(\XQ4C"P7X7!HA:/<U\
M$HU=3WUTP&&-9>.<(^T`,UTVUKVWS6CG/?;/(3HFDX]''^7XZ#QTQ03@?O[3
M`I&.T=7%W",3UC.981T>E64?%?O`8E?[;"/,,HO@$N4O\&Q4!2U]2#,$=)VE
M9L)TPY@S[([WK@-M."\5P6HZKDQX;3J8M?O=)+BLN_]!/]S^,M%#[=;5C2`Y
M74.-+@M7)FQEM&V;PJHMX<!9,=Q]%5'5(7[[L.Z6D!@N]]HYD\:]5+1@65J3
M>N^ZV05TJJS2LH.4,=X%"D4C"&GJS:_@AU?+>.?6RRSZJ&:BOKG@L0??(PVP
M/QZZJP[,!2(6.S&X*`MHD<*1$K](W[-#SJ4.IH#V-5B?'.3@!4!<8;_V%+`K
M5_%-9%9Q%JGDSPHVR-L8CA`J'WA!%TRB"N_4(*N"'6HBWPA2_:;AH@?^P6TC
M>X*76,`VGTSF>U0*7P7&(HBQN0U8$F!:MH)E!7Z@:!(ETJ"-S":)96R!%C(`
MX=-:)`4HT4X.Z$.8%5@DAF/_S6P2BLM*]*94DN'D@SC?F1@1>*<%/5B@6DDH
M5(.H-C@6'.%6*1/=XR18."'4(&A!XP+CBM@Q4<4`0,.JP!D_M3JLL>5YSDM'
M14Z"'FM@!EA:.-B,E(3&U;4M:XAC&84JEHG_9*F,I$*5S[*%,Z<Y[FWDJE&%
M+%FC(0SR"'4RY`N_.+Z\8`8_*.C0#9&`+V;]B(C#RI+A(C0I&72-A1LKI.,8
M)BX**<Q4J&1;,=_`NQ7(BVDBBU`,[:*5Z54A;TC@`B74-+(?\HX;!Q/8#=CV
M!D4]H08X].,V"D2%3*BL7]0(5Q3H&0M,J),"W^S$',V0SD_Z\S&*S`XT6/.:
M;JXH@`[>:<<AO[(;GX!!EC,)3GYNLE#K)=1\JR$/#!M#R]AHTXLF]9Y'N;.1
MB0;EHAI-B0'UUQG2G`8T$85-%AUHF`Y0;#_K42!*N[C`N6RQI13EXE'!<M)F
L$,"I3X5J5*4Z5:I"U1E5Q6I6M:K5JV[5JU\%:UC%.E:REK6K947K5B,``#L_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>13
<FILENAME>u49135u4913512.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 u49135u4913512.gif
M1TE&.#EA+`'5`+,``,?'RI*2D[&QLM?7V*2DI:*BO=IK+.;!K-&OG.+4S>NB
M>/*#1&1EF=_?X/EE$.#@X2'Y!```````+``````L`=4```3_\,E)J[TXZ\V[
M_V`HCF1IGFBJKFSKOG`LSW1MWWBN[WSO_\"@<$@L&H_(I'(Y$P0J@HLS,P`P
MK]BL:CH9!`86+@7\`#RUZ+0Z(]9,K1)!U-*`K^]X9=LL(00"#')_?P-.@`!3
M@P$$<7\,C'F1DCIM;U]\3F`!5@%SB8QF`UX`"5^3IZ@R>T\"C%X/7)T/LK!/
MM)VOLW:IO+TFE4]>?XRQ4;2)<YL/?G^^SL\AJP^C<,6S486VR<8"N]#?X!7,
M#'^6G5;69N7:$LK#<^'Q\A:+B,H751I^]O#S_N&RO/0#00!2P7\(P0%@!FG$
M`(9D$DJ<2+&BQ8L8,VK<&*[!A`8>_R6$?#`2Y,>/)5&>%!G2I$B5+UFN))DR
M)LV9+DG"U"GSILV<)6OZY$D4Z,Z@.%L*-=JSZ-*C4)LNG5IAY`DY'+-BL=HA
M)P5:6L-.\CH!K-BS:@P1&Z0IBCIE;]'*/8(+'0"!UV:M749LKE\87#L0HF"&
M6V$`9NQY^\L8!5(.#V4M]&.X4RL!8)PT?%PTZE#.CYE^]BP:-.FG4D\G3<UZ
M=&O3KZFZGETZ<(C,MCAQ:T`+#)C$/U'3ENTT]NK@.%4C_ZF\^/+:QYUW-K[<
M.?3JMDLL\J/7#`&\3EK9*FBJL?D<B#!/ZR:G#IGTON4L/D^_OOW[^/-7%0J"
MK/[_'`#%'_^`!-Y!'&S#42<=@@P>"--U"Y+67(,*4LA<A1+2D1T)_A7HH0X=
M?BAB!X7(8>*)**:HXHHLMNCBBS#&*..,--9HXXTXYJCCC!%YL.&(0`8II`D0
M#FGD!3\"EN210(:H`80.8M@3E!-&9^%T"6+W8)198DDE=5_^L"23&HV)PGR$
M\:9+CQRT0N9]=XDB@2A6U*GF%W3^YMLN<9:73YUE["G!76]N9-EW91!P&2)\
MG$/`0KH4A%@<C)KRD#VS7+-0>MT4.A9_9I;%7IVCRJ<-5MWDAN@R97!1F)NV
MP&+%=X]Z:N`+YW3**'NI-J#H0E@]H6BMB3)RQC)R*!KK0_*Y:2O_14X.M1^2
MMEW789BE50DFE]AJFR6VW'KKE4O1/FNN#>6>J^ZZ9;+KKK1TO$MFJ/$BN:6\
MSJ1[!+WXIJ$O$<*!>YS`6A;<);<(2WFPE>(J-=,0_V+`;[]E3DQQ1P..8/'%
MT(S)%6<<A_SD3B*KL?$*3F9<\AH;GMP?R%UET*W"UB9L\)4,-CRPS1'>3%P1
M$5,KKL[/\9PSS0$;?:_/##-=72I!KRSF!E:Y+#6TCOEX-491NV&'(8EB4Q";
M)&^=1<H>+]DII>T4PBBD5EIM-KIRI[MV+9S4$4M7+<_MS]U]O()IIE)T@]CA
MB">N^.*,-^[XXY!'+OGDE%=N^>689ZXY_^(@Z%K&,@]=RBL&@/MMLLPF3+J)
M$U9<&L=`%)1N>D966"S[[$A$^R^]57?5:=>XXZ"[F2?W+M7O+05/W^UERZW\
M"1$#7P+S3=F+]/4W$VV=S0*,A`@9?V*U\+9-CT^!\S*C'P::6F-/<,_P$TQP
M`",]&HPI\F&_??EAIE"N]&UBGXB.5199O>Y-U!M@!1ZB%U"T82P2B\&XU";`
M#Q$0=)DB5@*3`,``M8`IS#.>?H*Q%O:,35EDNAOQU"<1,H`",;_Q2#Z>$:*/
M4:*"(R);+SK(@PWR+3GZ"XW27J.](7[+B-E2T"1\^#P.2K`UI,.AZ=0S`?5,
M!C=2%`(/-\!$%O\R"7"Z:H`<'J(FQ\AP((SP2$,F)2:KA'!DJ;C@&5J!CF:@
MP`%XS*,>][A'!?QB%W?[WB8:D@)$5.!89_!"WVQ2`R:"0XXDL87;5,#'2E;2
MC],#I!V^XX6#K,"0(T%D'PA5MAVHT(M:@*0AV7./$UCRE7G$)`G`6(TH=.J"
M)S#D5PIXC?(,P8?]J$)FFF4B%A!R(:(8!&(4E0)5VA(.JS(!+&$IRQ%T"E5U
M8@MEB%0!7?*2<,+*X@?9@$,";N()B-E$%9AI/J;0SR/(A,2=)AD_H="O#"`Y
M0ZP`X*O:B6N:KU1`S5;#1IJ5T@*&A)LHRV`6(?CP6*ML'2)UJ)TJ<N+_@*N#
MG0CF4*LYN(YU*0"H):MYA9P4(D"\6^'#K/?0D"!"C.B8`]Q6<*Q;MFT]K3Q3
M#41Z24EL\08/[0(C.#G1%D"T>ZR`1RZTP%,^DO0?/_U`-R:X2]`EJU5SPB4*
M[@>+CH+OGFAH:A^5D*1J40V5G<.A"WW3A;;"0*-Y$*L>GWJ?#3ER&OB1:RR;
M9-$2^`>)LGG?T=HI'+WB$9-"3,H!#.L`6<(,'Y@;`/%HX,BH%B$!!\BL9C?+
M6<XF0)J&I:L'%AM:#](!``Q(K6I7RUK6%N")U2/GD]!*!-+J5;0>8"QN.6!;
MN>YV`ZAMK7!;^UJA<3.V49S-#CK+W.:6H+=B__WM!G3[7.J2(+C#S2X#BDN4
M'B20L0L`K5[#2P+H-E6Z&K#N",S+4_0^#+O:%2YW:8NZ\WW7L.0E`7BK6]H2
MJ%<$[!6I>QD)W_BZ%J4K/6[L!+A?_^*7O[<5KV\A/.'K&GBXW$U?!P+)3&!-
M8VS)S4"#]?O@\OY7!"<&08`!2M=T%?C"J<WP5>SPA52Y[5$SA0*#\6NAG.PW
MB:-9\301BS#=VDS(U.PNO"[P8AC+&+D!+""F!J=5`XJXQ"0>+X6C*V$NF[B_
M(VCRA9^\Y"BWHU7HW%OA'`=>S;49<PC0K9M#F[DXTQES`H`Q<1^7UL_1*IZ[
MZL=(`.>5$8_`T"%`<O]`NWS>+3?:PGI>+9FO.ZN[U,IUL("KE3&`Z!!T^@.*
M'BFCV^MH4D,ZTC%&,",Q(,[UI1?+AX9UHE,,`EJ/]K\1$[.!)UU?Z(68T[+V
M=+!!;>O<@AG`Q>:`KN/+:U/N6,OU/,F(PQ3J2\[L`=9-;'"J[50XLAK5JIUT
M!S]&P5=#&V?8QC*UC1PN"61[:4[A]EA[#9-E:W>^YZ-OO:C7@$]_P-\=D/=<
M1RW@4A?\98,"=ZI7[6S0`+P##]^`P/?JX`A_V>)A5OAVB7!?:&=9KOE%]K%1
M/'(5XQH$]LYNLS6D`O]T'.0$!VC(9UWR6M?\UC>?5C<UOG+I?*!:@7FY6&?_
M+FR/BQSCL48ZS96.<I[3(%1";RK1;6[TI5?XXUY>;[&3E'(,U\O7_=GT!1!M
MH0;C;.*'_6=H!QH3M#>V!%V7+Y3'&<&H\W3J_QXVSIE.]:L?_>K\BCMQA<=%
M.R`EXM/5>\"3S0'&:\#MCE5U&9S^2\-;`/'FAOG%_4YRON^=\V>=@.`/S(.@
M/UOS6)>ZP5D<\R&OWO6G1O7*']L"NXLTO,##/`8@W_HD;S[K(AB]I"%F>YGW
M_I5X7WS.(;Y\B=.:]I-7>,\Y-+'B3S/YS*^ZR9N?>,\KW_O*IOSY`&-F8&O_
M:-.&=TD@SS/JHIOW969Y],$]?:!:7B:Z-S_J_P[\_\Z#GMC<EP'"%V[Z)C$.
MPS97IGU]-W2OYWNI9VI:%X#?)GT(%P/6!TO8UWB*QUN.EWG]MWW@!USB1V]-
M<'H,6''[9W4?N("/%H$AR'#S)WM/)U4F*'4GDW\6`'\/>'`N^'\>,(`+5Q5@
MMU$U>'?'9TD9^'@=F(`^^'V<]R]`N'&5YX&JIW,1,FU<PG[MEFX6IVWQMH3C
M%X.1]EJ6-5M>LQHX>'D;Z'P2J'\K^'EOV`%16'\V<('(=X25E(09H(-)UX0<
MF'-<-X+6$W]^Y49%>'MXR$=ZN'M@.'9MF(/LEG$4*$&A`E-4:(1*9FP*"(<M
MV(=Q^(<ON&1S^'4W=(F(B/^")]B#GZB!H<B(C[ASD^A0AVA\J%B%JMB)_K>*
M2OB*A.%T!7A0?<6$J2B$K)B"(.B'Q:B+>XAKH3**+U`%<!`1<A)BCX%YY#(2
M/Y8T)P%_X&)D_!,2?-@?SOASOL-,K?`=DX$F=HB$B;A'BW@!X5ATR+B+K<AD
M@FB%T0`'K(!,#*1DZYB'[:A'[PB)O$@!C5@!\1B&JS:.M7<0::9/2/*/BB@]
M:4@!"9EW]4B0M[4Q#%F&WY%FG$1(L6,XC/-FF&.2EF-GMS5G*PEG<H9G/,=G
MLV0&_82.=/1KCKB)FFB,`)B1:NB3%LF,'\"0+/`]<0`&=<`^$NF.9BB,MLA_
MN"C_C\KHBDB7:_>H843R(U-U@"21?T:!A>6CA?PS`>\V)0-RD50CAGK6;&48
M0-?BE2D!E@8CEMGC;OWEA5R!EH0XBK25,BNQE`(9D'DTD`AYD!5@F!/`?EAI
MC[$((J[FE)BX@[1XBQ#HB5'9D_,H@(+8EGT&F:>8;SLYC"IXF1B9F1K"AS7$
M%40I`^7FF9-IF9$)E969BZ3IA,!GE8T9,Z9%C&?HFM>WFS_)DYPXFU)9FZ!H
MFHQ)?\!9@J9(BQ93D8F)F&09@+:AEZBSFCX@.RZ1AC[V8$!F%-Q89&M7/D$)
MB-?)<[](@\WYF[48FZ-)G"P(G\-9<&:E`=BI/G^U$RH4_YRB.7>'N8;TB)PY
M*:`^89WV>94S*`7W9Y##IB_0*0$&NIX.*)L\&'J]F)M-:8&SR)X9^I\Z>9Q3
MZ8;&R895V8P(&AUOM:$8F&!S]Z`/$*&^.:'O6:$AX(S7TG)E!9B#R:+=)YRV
M.:(]&J(:2:`O8:,L1&[E1P</ZA%R"3]T&3_3V84DDQUHV3?8Z5TJ>H?M^9GK
MMG9;6):$6)[>%X@8FHD?9!MK8QO^%AADX:(P*J+R:8#1Z:62J)P@PI5I.J#]
MR7!M"J#+6)!12J1SVHID<:4D*'E)RI\VN#%N*IUV"92#ZG>X27]EE97J&:-:
M*ID<2J&LMZ6=2IDTVG1ERIN4A?\F3.JGF,J.OP>D$KIHJQJGX3>J.V")J0J0
M"LFC7.BC(,JJM=IMQE4M;XI05VDUV9$D.HI'A(D2X"4PW*@<)J%>05.EQF6H
MSI9@+IJK>SJ?GPJ;H8J90@J+=BJ+K:JJ/F(5C0JHCRJH$.I^=2I[O,,"7'&L
M#I"L#/JA)*JNZ2JD5A&LX"J#:5F(EPJGI_B<J`J/CHJMO&JP(P>%(\B9/W<[
MSQILUSBNM@JJVTJ;L'JONI@=U/H"3B*O]!JHV?JC&1NDI%DN_'JAX1H$($M]
MYPJI(MN"T<.O+M&Q.;"?'JJK^(BPD8F7'Z&83L.SW:JML->N8WBH8?=#""BP
MKXFQG\G_J47+K1<;04/*96Q*IBO[KR(`=5E*KE*[J3,ZM?$YM"1+MK&:M3/P
M$-&D8Q2KB+C:JTSYJF:;C`E;M:QJ&QU9@CFV8&T;MYJZHG(KMJ7YK2R1LJ)W
MHKAR9FO6.`;0N([[N)`+N0N@.9%;N94[N7!FN9KKN`I`N9NKN9V;N9]KN:%[
M.7FF<#C6.$:EN`BU(Z[[NK`;N[([N[1;NRD"1?DH/EJ[%5LH6-_XNV&J,7B`
M5KJ[10[;1!#SMAQ"?1J3GF=3J2%0-4"7-:1*0\ZKO'SEGT-(B7)*M6<J)-<K
M%]&#J\?+,@7H,E%3OLA+?LQKO?0V0X/23>`CC6,``O`+OX,R_[]N-2<H)XW>
M0$K2V",4Q6H"W"-W`1(!W`4#7*@)W`5VT,`PA'+;)$:R@,#[\&$AB2A@\QSP
MNB0"D0F*JT:9D(Z^PDX+D2X??`D%`0_*LDZ/4L*>,`?041@'4<($8!(M?(XN
M7$L'0L/R5"L@D<-CDXZC]+8^/"C]0!Y=A8Z2HBE#N0B&X#:;`!+I(2P%<<4.
MR4Y(:UQF^@%^<D\$E!G\^"C&\&'OQ`%?+%F$@U?=$)*&=#^:-@8U)</'(L;[
M&)+3T%`8L%2HH@P(+"MW+`IK(46O`!)8X4T-H`EJTL:"O,8>L`B#(AF^Q%"Z
M@%J;T"A41`3FY!&X])'M8%./(I(98/].2"P.BN3$]$/&<M@/^N0-M()F[=!/
M<2QZK,PLKLQ`5&;+JWP3:;9`-_R0L5P/&0K)G]Q5AV0,Z70.Z.0'`]QRWFO*
M(@&1A!$%(7E+PI!3';(J950>5$S-@MPIRF)'&]"/6)4HTYPIB%#-@T`B:R0>
MQ%S*("G(#,'.M%S.$U`K\=R/Y`R#?6`*S)P8$<$Z*;PZI@`<K%FCEWP/87S)
MZ6QI[<&Z3Y(8P/$K2$D-#<TL,C7+]VPXE[!,77#)C-S0I=P!OQ(*2TL-(7V3
M8J</'/T;_0#0*9VZN@L9CH`+@$#,ZL``=_$'R<P)[SPUHG?!\4O+AQR-_O0Y
M/WC!)4)%G%*3!D;MP$^L#%7PTL7$U`\L3NI@!Z34*JCR'EI--N,2R?>`OR:"
M#EZ]'K73C,.`E!W:`[FFQ<#XS,`%UY1%+'5HUVU-CE6$U\U[&V10B8OIL18C
MO?Q<O=JK:FP7;75I/A;:O:C0,H2MFUWLL:R9-CL#O%"J,(<-+_I2K"I3@5`6
7/9#MUFUTJU"S)&TI&C\'?98:`A$``#L_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>14
<FILENAME>u49135u4913513.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 u49135u4913513.gif
M1TE&.#EA*@'H`+,``-?8V+"PL9B8FC>98_",4V1EF:1[-&&MAN7`JXZ_IK7/
MPH2$B,C(R=_?X/EE$.#@X2'Y!```````+``````J`>@```3_\,E)J[TXZ\V[
M_V`HCF1IGFBJKFSKOG`LSW1MWWBN[WSO_\"@<$@L&H_(I'*)6C`H@&>%L=`$
MF-BL-N6D!*[3:@4@`2S(V[1Z?>ENJ`\&&B#`2-GX?-(M$5P9`@N"5`*!#%2"
M`7`!"X4"9`&!C7J4E3I\#WX/3G2'79J1$HMGFP%F48^6JJLQF)JD7W`/H:%Q
M5;5^='UWK+V^):Y_C6>RM'6VL\>@@L>_SL\>P<E2Q76A4;?*5[G0W=X8@N&`
M5XRYU0]FAME]VPM?W_#Q%E2'A1A1:!>1#)%@\O_>&$$2(\)>IF8`$SICU"A?
M"``,`S102+&BQ8L8,VK<R+&CQX\@_Y,XM$$HR\@2B@!)B.2H3"1FU/R%9'&*
M0H.)#VY.P)F3IT^<.B7X-,.KIU"?.Y$>72HTZ4ZG1IN6(943:M"J3-'5H3*Q
MT*$G#;PV@.BN#X"@5W\^99H6*M:H;;.JC?HV+ERE=.=>S<KAY`Q9(OWY%?%.
MEJ8)`KV04CF3PUX-*L<U1!>1<J*5+Q4-6GF90B`!@$J2+3LK,Z*BLYA-9`E:
MU.<G7QAI;DBGD:ECB%IG8D@F]YC%8@ZSL]#%#,_&*.!0V4;N#,2#`.AL$]"@
M9"@JT86G]B1Q>O;IU2?50OP(HC70RW>GWOY53BZOV&S!)B6^#J@IN(.'JX)I
M>";4R)&@G/\8H?!1$S*'=0&'5^-0,"`:V(E218)/`":!&T35$@E1GICW&SGY
MJ3><@K?TEXR$_EV(VF':!5C"@"O5P0=@"X)!XD&QR00CBBA2B`P%?#A1"SWN
MQ.9A&8Z`V*,_KU1(X"1>A"AB'PBAXT:++HZP8RC:N<&EC4Z>*!6*%GII'Y@_
M3G#8(L<4*`4DS;P#2HBU$+5)F&3821Z/VNFI53-8!F@79%6<LQPM17Z")AP-
MV*;=CIQ]H:B*:4[E1UFR&9*:I&(>1`@V^U1!QZ6+3GCI<6;P*5-J?I23#U6-
M/693!U&@\V9,IKB4:W40YLG`1-4ILE048X$U`3^YQD$&K[:N!9'_L,E\<98H
MTC:;$T2'2!2'(L2.%<NQOGIK"E!=_5HKLV\]JPA/C-F%%E[NDKM67E;!:Z]<
M;NEU+T?C"<$8";IEF<)QE/0K!+0B\".P1[4649V`@RTL\<045VSQK&.&0/#%
M'(NP%UX=AYQ$CB27;/+)**>L\LHLM^SRRS#'+//,--=L\\P`6K"QR#P#(6O/
M0,_P<]`3[WP"`@0DK?1^S(#[;13)?B#'JK12370("1R@]=8*(%9:A0A[<(BR
M\UAM=0<(.*#VV@6T[39!BAQ#QUFZR?%&W'&`D,K5)20PP-^`=]U')IC%4>4&
MN5A]>$[-S)5!VFNK[;;;<8;VE5!@*/)M_VFQ?6W-L^H^JRL]U+YSF^8IA7VU
MWX#_+3CAH.FR4IZF@R$Z9C+%$J&TTC["^]D60![YY&W#;3FT8>%...RPXUT(
MW=8`@D9YX[EC#]["@A8UWZRW_KI][B&69ZJZ14?0MKD^=]M*<G3B1ZL!;R`\
MV\0;?TQ8V?W*>?+,4^>'2N:(1`-ZMQJHU>$FU)%>W(*%+4"\:U[QPI<$[P+!
M?45P3`_$H`7W59>)="]P0K%/3@J#&P%*;UO4T15$O)4)_B'K?]J+P@DY,#_)
MU<]I$X#:LN)PB`&N9!:S&.#4@&BZZO!#?Z7QX4VP!3IM\2,ZXY*7!BLXP0M>
ML(-5W"`5ITBO+/\^X(.NPQP0)W)$H*1$8>RCQK:F]40@;BM8"GLB&ON"@#K:
ML3U?,1K?T@``!?CQCQ%KP=#V2$@L#+*0B`3!(1-9L4'ID9&(S.!;9/!(2%ZM
MDAK`I"6=,:@=+)(M'-37%K'8Q5)*TG&BY"(IKYA*4JXRE/4:92M1&<M-VE(-
MFKRE+G<IJ%Q.DI>%/*0O@4FT85;@9[0D9C<^F0/''5.9OI"5,3UI$Z#4TI6S
MS-<UDTE!56;3BZ;4HC>WJ4U0RI*<?!'"-*L)S8ZMLYW_>"<&F`G/A'R28,ZL
MISY1(,]]:@1;LQ.%L2;HSSSH\3%M1!8/K?6!N#WK$<A"8D'EL1=D;4/_#A$%
MW@;PQH_R+$YG1F/E.:M83E.6U%TGA5=*(;A2#+:T+B^%)4$+\A^M;`A@A.OH
MX"X0,7I.5"3Z@,T[=#B"[,U">K*S@.[PR-2F.O6I4(VJ5*=*U:I:]:I8S:I6
MMUK5=QRS<6U2*`@.U=%@[4VI.?OI&H(R1S7]KW,I"=0\>3BV?$0G`ZI3:R44
MQA,9MN]-95`D2M*J5S;PU6?DRFMAL["SMF[`IQ?XF!6DT,_%^DNC/E!L)[G)
M696"$Z:?E:E)0SO2T8:3I:0=YTPOX-AC5G:PD3WH26-:6I2F%INSO6UG47M:
ME^J6MAFX26OS>0/%6G8-K3T888^KA>2N0)[&_V4N$AI[!7K*\YZKD2A>CP4;
MN4H7!\Y]05KNM:YTJ@E)9/CH=W,0WA\8]RH'C-UN7OO/>)`1LW0I;L[@>R$3
M_LMB7PED&A;9WLPN=Z?1ZTIO0;M@T=JVP;7U[&B/Z)C<0EBUIAVKU18)6<(<
M>'G]`(1W^54Z4:!!<P)F18%[$%V1M0E:"/LP!YJAOD+0UP0(U58,\.F!%H?L
MQ8@9J,Y^B3BWYA2_*@@IP5;,3APWN2YY'>_%2AC6%H3U3"-F@2^9[):Q4C9S
M.H8R:H("`#N:^<QF#@E"A(6\_(Y@*\.HT%F'X%CS@$VH"PT!M%J#.@P(RV@U
MC)R@U:9F=E29R#@];_]I>!#2;4TA?(]`C^:**M3T[A2M&@CTH",7DEOEL*=%
M]0)ED)#<L"@L;MSP\&Y`HPP_G[&IFMZTVKA*ZUK;^M:XSK6NF^K5"J3NJ#S<
MWF/9EPFH_3JHF9:UK->K`WX03!?)H]ZD/8`388T*BBE$]N.4O6GD0L'$A*QS
M(]##9U2$.08MCO6RU4!C:R1F88]<,I)IL+$HXT3=W68W8D0%;+Z%E[B43#>W
M![V&%P,JQ;&ZVY-](,2,30#?!$]!K0#Z-1<H0U-<IN'`!8V`?V0\!P+?^-I4
M@$:%RM?*GK'2V%``<8Z?0&DPCSG,.ZYE8PIWWBXX9,A%[@#=DNNP7\`?%T7_
MNA2)5!M]8?YF5%H>.018$5X\5QO-P=E)-XL-YR`G+--'G@(TVFD?:MBZU$\0
M=0=,_0<?-^_`O*#ULI-<,(`*>]G//H*Y4S*RK*WNCKL\Y"`G.^IO-UR.XO=R
MF1L^:4>SNPD4CP/J.N;&(%#=<<3><XG/H5<L<+L)*$]W$3#^!,)4>-_5/@/)
M4X#R6]!\"3A/]JAWG@2A!RFU\.[>M@->"ZHG`>L7[WJ2E^$.")^])Q^Y<Y$?
M#6G()T#RET\`%.1^!+LOP>=-H`UWJW<*6*?D<8J_<0?[A/(2CJ#J']R6W7,6
M*G8G.I'E5NS/=8"ON82\:]G^=YY[?R?@YZWX;V_:__(K_OQ,D7ZBQ4Y@=6H?
M!G\P4'5XM5\-@'J;]WQUQW^Z-WV>UWLXIF!I1`X'J%$=)GL.-UD@\P`.N'H0
M6($\EW@6*'TI>`*X$3NL5F%IIU_U9WP/*($D4((@$'TWN((F`&;<8C>J)'Q\
MEP)L9@]A(6PZP7T#AX(GV'I-2((\:((B]WJP9P+)=7$286/E%7D5<E2ILS-*
MZ`!_8P`&(&A,2(.\]X03&(4A0(%:)C6*LU-?T6M<J":R\U%*:`"M,P!E2&@U
MJ(8["(@BH(,1R'-4F&1P>`$7)U39YW=OU&KZ\&I,%6MZN(<&((E717FU5G:T
MQGFT-G>TQC2BR#28V!YTJ/]HC,,^<S9LP#8W0N1<8;@V9+B'!Y``%A84J*=^
M/N%VNS4FG'=_0C%WX:='Q%.,Q$-85X@.V4$9ZZ-GO5$(Y``\L2AHLP@XM2AC
M#X>#(*"-'D"(4KAQA^@!QCB.!8",9O,GD*`5P3=_#4592D%Y6=,Z!_`Z&F>#
MA8B&:VB(3CB%)T".QNB.:^%8'=@!PK1]`%D!#J@`!["'"4"/&#""*BB((>"-
M;<B&(."/Q7B06!&#-C"-^284\=@Z"1`Q$!F(^`A];KB-%OD!&'F,D(%S(?@"
M'AEQ%:``8%2+&U.2][AQ9PB.^^B3'[`Q+3DYYC@"]$5\MB>1$Z"0M$B/.OF-
M2_C_A_R8AF5(A@[0ARYG`D/I-N8H?RLPDX(F3"%IC0G0@-SH`6=9C_H8`GZ4
M-0NYAW"Y`&1XB9E425O9-D6Y=\_4`6#)::-4!F,).%8I<L/X%'^4``DPBWJX
M`'PX`(PYEW[8?TAA?N5DDV\)EYB9F0-0BV@0?PUPE^7XDG7I9'M)>\2V;?;(
M`9:)F9"Y;AC0EFZIF;))B[78D.LH`12YE(%IC;4XF-0XEYFI-0ZY`:"9ET-H
M`P8I04]);8BIF8\YEP:`F(BY-;,ICV\)G=A9G<(YG,%#@:L)E[5(CV47`+NY
MF=QI`<7)11Q9`\B3DVDI/VI3C=4YFUJ#F']$`3Q'AK$9_YSA>1*[]YVTV)`8
MP'@*>9E_,X\:D)X9L)XTT)=<!X6_"9R\N372Z4<(EWM]-)V:69\-&0!1%YT&
M2I;GB9]1"*!_TY!">9?&&90W-C0.&IGY>)([&97WH*'5N9B-R9BR&9XJN987
M8**<20$*:@?G%ER@MS$NFI0R.I'ON0%-B@XVN9_S:9T".J/<%HX28),!2@9#
MFG?(.4PO6GD0NJ05J90?@`#8F::MB:4<D)*_Q)3RV*5E,U?\!%NH:7\\YD4.
M>$HEI7E*AXO"*$YU(8QL&:)_TY(K.I#/56U*RI-2Z:AI2*9GZJ9HN8+#!*>M
MXX^_8C0,6@*?)'D\L9R3FIIE*O^IW4BI'8"J&%,!;8.9_SA7G2H"4"-0"XAH
M(OBD#XFK`TJJH^JC)@F4)4`\F9J1HJE4O]<;%7*;OA8;$06&C4JC,0JI$6FJ
M:*.J3KJ2XFB,`_"J"UJDR\-J&25/VH-4V>9KS\IMQPF?O/H!NMJ=V)JJ*ZE)
M<HI]BNAH<;,AT!4(=^AGYZILZ3J#TOJKT(J2[]JF\=H!\^H@<6B`4(.-]8HL
MR_A,2P5KG,A5FOB)4=>)H,A5&[M5H%F*<Z@X8V$?D"!6U.89^R!B@Q&F=(I;
M(PB`4>&G#H:;Z0=<#V"M":JBQ5H!+Z:!)JLE4J1MN;JNU4JT\&JFIUJPUZJ/
M'(8!"5O_%<D%?*(PM3E','_F%J*:M$A;J5NKEE,YK<`Z+PBKLWB'1HI*FH_!
MLH\ZL%;JKVM[I3\Y<)TW3$\KA*QH=2Z@MF,:L&WKFM$JMW$+MUI)MD1ZLCB@
MMW^+KH'KMGL+N)$:MB-0MXY6`];5<'=*@^^4M5Q+K5X+N5`IN/-DEX3KI2T+
M>]#5K^N6N>UJ`:M[>CB;`:_K<%TJ;TB`N$^&2OGG6Z<U?H79%)1)4@&HM*LJ
M`9+;5E[9@ZC[D9F4+[G+8/OWA.0WF?]WBSC!>.M4O(VX=ALE9%>AN9W+MI_+
MN(FK;&RZM%^K,1.!O;6;O#0YOGXKL(K;N*`+O^3;CZ,[IX\G_[:(6'3L:X;Z
M6[1=:[`!#+"."[8%?+LYNY4`@A.Q:K@$F5T$S&TQ^;WQ:\`53+"^VK>;5KX)
M/)0+;+?#NP.V.XBM2Z(#?+F>6ZHI?)%DZW@?:&`1++X8S+D"3,,Q+&L<#+O"
MFP$*2EW6A)P<,,(A?`'>6\-\RZ0[O*M,Z\`3H+Y'L"X@4\1<E(LS&XR`UXMO
M\8L1MA.Q>P%.K#$/;*=B*\4H#+XJ;,:]>KX:/&@Y[+3W2Z^/E:<D`&:()L0Y
M6,(3@,>WFL070(&>*:=7T5K0F$0KYZED=`O3YA1VG,9'?,873,)\S+KO*KH*
MS(Z3FW+;DBTJ,"K?RJ\WG&^21,$RO/_&_BN_]?NX!QRY;ZRPQ/$$HU*N+,@(
MC(&'('L(%[M5M[Q5%8O+':M5O9Q5'PM5IX@^`B5L`J)`FBRT1)R6CT3&.GS"
M0YO!X8O#>#MZ3;S*Q[(J>5('SS)'E44=YK&R&IF-1MO,>GRS1JNNTNS(]:NH
M7^P:J2`1#?+">:N1]Z:K:=&\]\>[^B>]%@BS0='%Z(G-0JAD.K#(6FO#&J#'
MN<FND6P3@,S*]*R]L94Q"`W`"OW,&;W,#VW":EQ*;ES)W;J^G]R^,]S(/;K1
M[KK.*;W"+$G0E[QP(MR_D2--FN3,2JS2""G0%1"[*2K2A=MXFG31HOR^I.R7
MIDS-J#R_%<;_JBJ*3!RI23;-ES3]H*/)T="<TRB=T"Z]N3[IS@0=+$S,GE4-
MH].$TWV<SB6=E19\RL$*TPU<M:9'SEG-%%1<6UQ\Q3:KQ1B6%CPMI'`-!F<K
MDV4MINZKO/1KU$C,T@[-TL2E$Q&=S4;Z7%?MB-&LTZZKU@NMV9?=U4?[T4'H
MU$!-NJ9)T7\);("FC9^$UI)<USO=T7D,V\0;V"1=QH^\V)CMT5N-T9YMQ(X[
MD.\\UC`0IE*],ZS=TYR-U:#=TJE\M]<\VO@;QUFWUD@]T9V-QHV=VS0KV^C,
MV-D*W7!,>I0];$2MSMHM`0S]U['MW6,+U#EV=Z6YO;1WW$*ASUO,_\^ZZW__
M;&%-X<>8!-F$^]X\<%>>;-NCC-O=U\]4A-_.Z\]K";.ZW=S8]0#!'5AC,3XM
MH+(%?MVW?<?)G=:NG=GL[=M,7=H##=X2G4.M(AT0H:Q!O(QINZD<?N#_NQ?T
MO=[GW=!>W=PA\+3W1:_:LSG_2U/+@VD&GKKK=./H_>&O/>+F"Y3W=.(>7*Q)
M^`1;,<Q&R;-T8P>.T.5>_N5@'N9B/N9D7N9F?N9HGN9JON9LWN9N7N:"#<%7
MEKTOZ6.6C$S,EG.A2RO:$VQQ_6@F?KL[<[P",]B!\4.SX.+!1>A@+-/BG7#6
M',:536]'R@JZ:+-8#(P-CM=&T(&&#L0ZP/_H,S'A7]H#HF[=I1M)06O)IDMM
MPS1-L@5Z_H1,I[[GC][4GBIQ<H`3!`YN@?7KUT(K0$@V.22UP(X.8I,/P\Y0
M=O5M?;'L#M$PR'[LP3?LO<[L.?1[RQ[H'N-+M>[<4=(/IUD:+B@G7M4N/TP>
MXGXJ\,P<[HXD0?P^?W!3AJ,)K;(;MG-],2+N6G$L@WSO7Y`*2857\FZW[T/N
MJ)!`J?9^9S$1TN[KQ#YQAZ#HBQH"<Q3/4GM$V_`<U*/O%U_E4N$[_['QZY%)
M@"(%;59L%T7RC"!ZQ5;R6"'RD09L+6_R.-$:;65I5W[EWOQ(@``39@`ER5`6
MA>`$IU$.#AL$",/_9D6A.59N@#,_68Z8;?=U:J9S1![O#Z<&*YD<C1J(-U+/
M/F"?S5"/=(O#+EH_[T^A"SN_1C;6`;2AK[;`Z\E@'"_!'73.:$*(\5`0/2-_
M5$5OG*G@S<5F]1I8]$9700=DN>^@$Q#E]8`?"$GG$X<5:9(?\[/*42SA#G+,
M/\#F6$:E4R6'7Z0C'YW"#FQB].[@#@X1ZU4HZ:,G:9E#6;OA'@KS@I>6`;*O
M<G<0"^[S'W&W49JS%12&&;8//L&O`;N?^[[_@@Z5^ZZF4S$=&MCB.\A,>/EE
M!IGC'%RO$JER]W"@_6--Z/=4#N"2S4-E.\..7P,$)1&E*Z:`#[:2#TBF_^$4
MQXSQ;S?RC^B9!`%AB5=?L"!L`!BH`C"T2O-A!&'TRBU@KE%\M/AL&E/:%DP5
MW``3BF_!"*@VC./)^81&'SEIM=+83'56+B[;!9\X8?+T6PZ/T5NK9()ZC9!9
M[&W30-Z>;'3?CXOBZZ+Z*S0\1$RL2*%Q$E1$),1YU(*DA,3,-+PLD1S<U`RU
M\CSD8R,5314]S:3DM$"M>I55C22+[:S5#9WMZ\7E`H9E5>W='1V&3:Z\6IY:
MECPE9HYVEKXR!LL^#BXN%.8.%Q\G+W4NW>Y,5RYO5Y=:?V8'_".-=X?"!0:_
MO<=?F^5OG@E7TS[16L5)H<!\#/\]#.0-HKE=^O\F7F36BJ%#C.B"&>/74608
MCOE&RCN9<MR^DN&N85*(["&A:MCFT9Q6DUI.GC8G=7LW,U<@5]"D>`"A(T;(
M*D@(#B5ZRX2-'<P:R1.A(RLT8@%TXKR)IYE/L!8:7=W!0`])#"Z4M+UP00!<
M%'.CQ(#Q840M#W109+2RUP2%7H)KH#%L5L\6"B[6AK#S6$IC/Y*G/H$!^4D0
MNHX.$Z2L]09E"A0RDP@")0;G#^<PV8`+(TD*O':3@+B=I"V`N1J:7."0!,L*
MW;>9!+&]9(4&`5B$\TY=5\2;&K,I,&(N@M$%.[V1(,?PO4,2RHQH`X>Q`OMY
M#+J_;X&NUJYF[B_JKD;_PCP&[>U*V`M8X`'*EN#MBM)2,.RT[]@3<([Q4INK
M,ZCZ6(NS`ILS380EO,(#KN5*L^!#V8+H$`^G#MR`.+7<6^+$#*Y;`K+T"C2/
M-Q`"/"VO&0%H((C\YEHMQ`:0*LV&.3X(XL(\6O00.">Y@TQ%)!M<HL<4IH@!
M1R09^>$S]*ZLH+0D;.K1@A\%1),SV1CH\4)=.$L3S3E>N,&I,'4`,<PPU=K2
M*?L.G%)''_-P<1$,>#L-.BIK`-+&,7/<\M#93EP!33WA`%%'&'C[+DTIF\S,
MSB]6,&U%%"NU#U/N^,N,,LW:9!3-T\+<RT40U420N]):J@+.6U40\#85D/2J
MLBX(0ZP`.O*(G:NT9I%;582W5I2KNS633=*TWI9=,,=AG4)4-@&A&_`M4J-=
M-D4EC8P-N;G8(*]+V83]T38@)XU0!>@"+-<N(%;#<X8)VK(US2.539/7,D+[
M)AV')Y,/HEE=2.\@I@A2>*PRMM$GXTM1TN8EH)XJ(X5W'YKXQ?E"5BF22RXF
M&3!>W!&Y)XV_LB;GFPWR(QN/9<+8HY85B>9GFG_)6*>#-'9Y:*>?AGJB"```
!.S\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>15
<FILENAME>u49135u4913514.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 u49135u4913514.gif
M1TE&.#EA-0';`+,``-?7V+FYNLC(R>WM[9B8F:>GJ(:&HIYY9>;!K(&!A+"P
ML>^27=_?X&1EF?EE$.#@X2'Y!```````+``````U`=L```3_<,A)J[TXZ\V[
M_V`HCF1IGFCVK&SKOG`LSW1MWWBN[WSO_\!@;"`L&H_(I'+);-J(SJAT2JU:
MK="K=LOM>JG9KWA,+IM7X96`0"@`N(+`>4ZO']."1$!0$.@`"6]!"@1VAH>(
M-6F$+((Y<D*,-WZ)E99;>'HN`0J4``(`"F\!`6^?+`(*I2NAJP^?H92OG`6%
MH&J"J:L%?8*<LJ"IHYV7Q<8Z:0\%"6XK;`H)?M"\"6T$!@]Y*],%"@\!S,MR
MT&W1V<R$A03>#^L/W*H)!@2ESVQOUNN$A++'_O\MDGVK]BF!FD*2VKR*INV!
MIE>`*.4)54B9N@+;U+%S]Q`?.TGM_[RQ8=7&%,"3``4N5$".#<**[AP*T-90
MC4$6T20Q,O=.H[-.-UG$C-DS9*-K_5`JM93&$2%P+A*R8VAP8J-`K`+I+/20
MT5"@CHPJP[B"EU@6T)(N76MGD2@`;1@P>^5-Z@JJ=YOYN<=@Y-:!,VM9!`#(
M&[,W?@3/-)=G+[MOA.FQG6P(SS*"KP@DT!2`;`%(!$!5A+L9(X#+S3JO4/W-
MI6G-O.20GKN&]F;)RB"]NQV6LF\R*G\+'WXF./'CR#$E7\Y<>?/GT)L8CTZ]
M>H[IUK-K?X&=`0,6WU=X!P\^_(/QXLN3%V^^?7OU[->??Q\_??WS\.?+1X__
MOOO]]-FGG_^`_/U'8(#]#9A@@?D9F.""`3+H7X,-FB<@#-BUL,9V'/IF(7<Q
M?&A3AR0FIY*(YY2HXG#)$-)++7VD^$HM[,"%VXHX7I)&``;$L4<?!6"C36%K
M&-9)13DFB4@FGHRH#8\S\=@.`;TI::45#KJ0##@$?+>&9BE"PQ)+F?%TY9E,
MH*@(#'#U025-56'U"@O@".+@G2W@.>&>"EJH9Y\4\EE@A(0":*B@A1YX**"(
M+GIGHA`"L>.1W23`0)T-L1$'1J'5B>:G8UA6TFGTT!,**S!*HRFHK'J18:NP
M'O)JK+3.D2%_M>:*Q*#R!60#KKH&&P2P-,SZ@H1]0OHGLKPJZFS_I,\RJVR@
MC$9+K;2]+CLMG]!VJRT,:MYPH@Z/.GJMLMM6BVVCUK+[X+?M5NOMN>;6JRZD
M1A@K[+Y8D,OOO^"&B\PV8Q9L\,$()ZSPP@PW[/##$$<L\<045VSQQ1AGS%)O
MW0D,\,<!+^HKR"0[5_+).1"+P[@UX+KNO/:^_"?,]\8,+\TRIRMSA3;W["X2
M^J(L=`]!BR@``U7:</30T:E,]`RW0`U7*E'?P$G23']J'"BJ"`(`*7'`$EHG
MGQ!#"F'$K"9'3%_[(4<IPI"2C2A94X>B<4?"I0:0<1R92B<8N4$E/72_,Q-+
ME'PV>#M\Q))*+W5/UNR[&,YP9#MJ=**Y_]\LJ29X.PSP418`#'23^$QZCZT,
MZ6[$&/E:3C\1XC>BD]5V*6!W`C8G<@2N"ZH%7"I1-U__(ALO7Z?]>B+(%L$R
M#Y/[*7*O>=YL/<_Q[LSM]>Y*WSV]%W*OH+Q"!+W\^2R\ZC'Z0YO/?JNQK_Q^
MY![?/?_[ZP>G\LOW,Q>_\VGJG]V`%D#XS$Q\VLN>SM#E,YPA<('@<Z"CUD?`
M7P'A?P+$D?HR"+\\[2`9&.1@AT+XH2RE3X0B=-^Q\H-"RE"P?#YH7@N%$ZX0
MBHL&+Y2!#6?((6/MT(+?VUX$Q2=!!69KB$CT#P2-&,3Q30$*IV`%XF;A"[7@
MX(<\_(?+Y#<W5/]`+C14^HSKLMBT'.JP<EW<&V(P0HI"Z(V,_()"*AK!CSFF
M`B8QB,-,]LC'/OKQCX`,I"`'2<A"&O*0B$RD(A?)R$8ZTH]8*U;F7A#&;P3`
MC601D/+@"#LAQ$^.WM@4/\9"I4N&QH/;Z(<9.5D=*)H"(U63!6%DL,D5WJ=F
M\2JB+KV'RUVBLI</3"(PL:?+'YBQ*3^HI0MJN$3*-3&!OFQB-(>IQ`9:KYDA
MR^:#UF0$9;)222J$@3>_F2.!K!(M5B3G,>IW11ET[)<%(@9ZL*C.Y12-A;6D
M9SV1$\X7C/.63MSG&<P8PGY&)9TWB)XP<V;-(3;SF@V59C"?Q<(D`,O_H"WX
MIT`]Q`.,HG.C'CKG$&:W`XV"]!#ZO$Y";6!2@)Z4"BE=J3M[8*!QQA0(57N%
M+',1R1S,LA%AR85(V>?15%)O!D.]P2;G^(H>&740_6#JU$)B@)ZB24U8+2$7
MB]#2*RQU([+H:@V^6A;0*`.AGTIJ1X\@5AP*$T+RS!S2YE&13J0K4G9%A3?D
MXHY:!.6`"WWH0QTZO2Z8LP=MI0)9YQBCQ-(RJJ'DU"4M:80XN(`LHVR354,*
M0%MV*P:.E8+9_,#4=5#)<)$@+6+V"L8U\`&M.F"J4'#AQF\\9IUJO:+]NIG.
MR45AEI;]:3:`*H1;R"V*H3!%:*%V6\S-=D:P_T6I;J@X"T@((V6RBZ&%;,K,
MWUI!N%*0K3/T>I#H'@))[;CD:3I#"C'B$$$SY6WDQ.M<N'QGM2=!DNCNV`JP
M9?*7:Y7O43\V1P!@`W-PF4<;FP$0_8:2)4@!!%'RQ5;SMA-4S>WD>%%E23>R
MP3OH[2QV08O6**H!$F>;15(8RL1=#E:B@;77-*%I0A=@DI2GB<TES5)!KJ)5
MMGQ0`"R]\MIC(&`!"S@RDI6<9"0W><E)1M/2*@(,KZF27+OU;/S0H]$Y?N>T
MHU%'V82P``>8^<QH3G.:$>"#,JOYS6I>P"5,G`W=0"(63=BL$HJ*6AG(%H\"
M<*HII]MF.!OZS&SN@?^;#PUG.5L"R-T@2UW7H&<Q%+3"P`J/;)L19I(48=&,
M5G.B>0#J4*/9T97X,SXV_-08NO58]1,IG^VJ)CON@0T_^DQF+%R#4IO:S*/>
M@:]_C>H=,-D!3D8VDI5=YF07>P=_WC!Z0PS3W,9WQ.(L\2LAP@I'5-H&PS9U
ML'40[E`_.P<(^'6<?[#I53NWSVLQJ'FZBC41T1@\Y68T`@`;GWP?VM'-<U"Z
MU7UJ%O<G%:&[M63ZLAH#J`*8UD;JA=%HS(_*]+TR;H^_#;UO:D5JXXT6XGT&
M3G`S+\#@X2$,TDQC)XGLL9?+;($!&D#SFMO\YC>_<A!.5.-L(Q6^2P#YF\?_
MG0.AK[L')"_YN7GP;>C)'.=0A[IYCQFBGOO3#S*T@M'77.B2F]P'22?XTNTP
M\ZB;G>:\WFIJBQ#Q!VP=S43'P=O//'8;A%W==:=#V<\>=2O&%(I1O;,K]A`B
MC2[;V8=/?+/SWFNO`[OK7F?\#.Y.[$IX9^]\QWG:/3LR2`N9<6'L#-:O/@/'
MF_D'<W^\HDTO>1E0WM2M+P/F,V_SS?\/E$+!A^C:F!D2E][TJ#=]W&^0>F2#
MG?4_0(#RE\_\YCO_![.G/=J3@'MIVY$07P;M'@)I>@<XLOL(:&3Q%]#(UYOZ
M^Z9W9/2EWXE`-OV$:5Q=.T[3X1GY7@;=#[[CAP]N_^0CW?\]D'\^L'ZT%UT_
MA'MZA&ND="FKXG,A(H"KMW^0IW3'YWBQ%P,0>'$/0("9YW=)Y4KV)UP[%7.I
M="<9*&S"-X%B5X&1]P,GV#)/)WTYITT?Y`+OER!YA8'`IX+JQG^-9X$L2($^
M\((YP(%\9WL>,VMH181REX(1V(+_!X1#N(/@4@-&>'9(.&!%HR8:Q83$YX2D
M!H#&)H8[X(7K<X5FAW5M]P!;>'\ZZ'A)57P^2`/C%X0K.(6.-V`T@(9]%U`^
M<%@D2`-=:'KAP6_G(8>&.!YU*"\"QWHHMP(0*##$PH=2!T0WQ'D7\EB_EX<\
M^&MS.`.+R`/FQV@7"`->:/\#E*AY-#@P%Q0>_\0`I_B#7O>),A"*8RB%`4B%
M/)"*,]ACJ94EL4B'8(B"N'B+4)B+G-@#O%A[U%=AF^AU^C>+G0A[=HAW+JB+
MU6.%,MB+T)-E_D)Z^(>-Y#:,XUB,.C"*_W:-R:A;*[",-:>&&CA2K\922RB.
M14>.]VB.Z$:&.A",,^".T^>+4/6,)1>-)4>+,6"+Y\B/.9!__X,B`-D`L'5.
M@(A=@PB'@:A0<CA!\E&'B<@`Z&AHJ!9P^>&/,A"1?O<#LQ([WW&1T#B-H8:0
M,*"0^ZB/#6F/(822S9A0'J,\_V&2"8F/36B3-Q"2(8>'+[E,Z\,`.BF00."3
M+P#_E#,IE%](E';'D#@@E<O4E!A$02HD(BY9D#"I;V.9CE%XC#R@E2[`E4M9
M4?#G8P1)<"XEBP=9EB)9C96'E`5)0FNYC<SHE#$4EG)IEW`FDR]`DSA@E&]6
MBE%IC]F8B4UY1JR(B4I5C^M(C-+XA$(HBEAY`VH9@WXID?.H=J/IAJ:(D^>"
MB#ZSB-:CF''F"`E$A"\4F10F8)'RF2RPD9IYAYQIE3:`F^T8F@$YEY.9,H68
M49:9E&$H@;MIC6>YF6GIF#=`FUA&<6L7CI=9CIFYG&BYD+Y9`\"Y@<(IFMAV
M;=?YALJ)F779G'G9F]W9C])9=2Q`G3!4FI:3G'O)GN)&_YB+B9?4J)>#N4VH
M.)X3N4H@-%2"J6X&27"&Z0*(692=^9OQZ3$ZN89LZ(S8F9XB=XC"]Y%NYW\D
M.7*.R$#V<8H42J"469PM(S!0&1_!R$L,H)H;JH@@BB"-:(&/^`#A29\[9YSW
M:2CAJ9O<"9W>^9XWF9TDU9?"F796%TZXDJ"_MJ`]R)]'YYY$"I\829PQP*.2
MZ8<7JD.2V!Y0:FIZ"(I4V7_?.7D1"IZ$Z):P%IQ+:I_<))\X,*:A)J6>2*5I
MQI@MX)I[JHX:6H0H*G$J^I3X&:!#RJ!Z>FK^:6Z`*I;*B*+SE%M*&)<*FJ2U
M>*9TR9O&>*5'&JB9"`,5NH8"$?\*Q/`U;R`\FAA0)BDANIE`,3JB/>.GC-IB
ML!B?VABG3ADZ7T1I8I1.WA0>0:JIPIBFKK>F-+"C@TI3UNE%:U1_>@,L=LIH
M>+J?^NFHS\FI98BK+/0=7+J*\FB#=?1@>'0LJB!(W8=^^R=^K%=^Z=I([\I(
M$=E^@'2#7QH#E<1[].>`Z+F7A9A#0JJ>VEJ31IJ5W/J/R_JF-?@"W7!*O-`E
MI@2LAWJIUTJ6%6N65CJPGPJINYBP(N8"L41<IMF82/J84\F<B>J<&:NRT5FR
M`OH"%;H#3N-#+*I*%A*+L1.PVNFI$&JL&<JQ._"M"NNE2CBIX*&5&M>A'O<?
MK&FC^4'_JW27H\JJJV[JI5KR<RO::J?ILFBZG0++LD7*LY[9IJ%JLG`:FBM&
MJ5A+4EPVL5&ZJ(@&MU^7K6"+I5X'='OHL8&H4K:YM7<[M&:*LE_;GIVJL0;+
MM9(IM+*&H?U*</9&03J;CP5[E3[;N!2;HO8AM#`((O'(KWX+M#NKJ!=[EW1+
MN-N*N'F[I$GEC5HJB&Y+IIM[F,0:N)-;`U`[M\@(JM.IMW)ZM7U+LDEY3I$[
ME+5+`[=K?.S(`E.+MCL)E[;TF>'QJCHS?K#Z'<<[DA[G`JTJJ@E[4VC`N)^+
MJ(-KK2EKN@0KMA*:AU;'O51+IZ1)F<W3HBW`A!@TO%59O&I:_[G'LKQ^N7G9
MY;R6^[:C6YARB[PK:[X;*[XRI;E@&J[G&;Z72Z@..KN9JK\N<+V/JL!E.I^\
MVZ4S4*D_BZ@U=+)>&[IUFYC(:JD"W+%QJE55.*>]FR?3>F@`UK7K6;[_><`Y
MW+*Z.Z#MN\$P?%04](K`&:O[YZ%->T0BBJ/XLDW=1T$0V<$J";[`"[J2>Y!(
M7*-*K"#7RS\0_&M0S+[,N[;O^RLHDC;$8H8OO`+V:\.&2[GX6W49^$,,O+#5
M^2!H+")JS'EMO*DGW+-Q',(1O,!2;(DC`\!?3*;ZU,?%&L@P@,$`.LA`+)[M
MZ[WWBJEC];IW6L`-V@(/"L?HRZ:HB_^P/QR[YCF0`3.L@FO""`S(H9RL!WN2
MA?PT;#?#A@:_0;G*5_S&MHNL\,6_VUB@A;H_/:G)U,K)$(=OCLB1]@')ZZN]
M9"NG=5RHR20+>AS+N5S"N_S'H,S+HMS#N3K&=T#%T#S*)LO(M/O*QVK!Y9R>
M.T2;J\2Z/HJ<*@R[`SQT!<RG+`#)U0G,,FA[08RY(]O.D"J\%)S-ZAP#_.RC
M)IJZX@RX9>N[GA2LWQ&)!A0NZ%S!COP""WVZ/6QOH-F_#6S'G0L>M@QG&(?0
MHHO#V*K#+>W!!.VX`SC+`39QGEO%&DR\-SR^+QVV`[M%`6S/+/S0'XO*`HJT
MGJRT3,2:0W3_O;UA0_XL?=8LP0']LI@JO\J+S22\TZR\PS[-S31X@L2B)M/L
MPLTJL_0LR"O,TQ;+TJ38J&\=R6L]UEM*TR2-J80WT/.KU;*KRSKMS?F[T3@M
MR3C`I2EE++^JUUF]CJN4T2H-UL:;PFHMU&;,P:7<HSC@87H]'GN<SBO-UAA;
MN-S\/PX9J9<M*3E0KB]@2B[1VFQP`+`=V[(]V[3MVK9]VZU-V[J]V[C=V[:]
MV\`=V[X]W*\=W,%-W+YMW,>-W+B]&<[]W-`=W?+@V_^%R9=<`S<V!99LW<LQ
M5".,"-]MM==-`Q&KI19:;1&5S+9*6+E2D0\"7FPG!>>=(]O-D_W"_WGSS9+=
MY73NZS^Q)K,]YS0$9=9D3,U4/<]96P7UW=U-\,S&-%3ZLM_@ZDE9E58V79[=
M^`5\M@0[M+[SK10?OK<U/-(8CME*$.*OH]\5YP7/[*3AG0UA00GC$;+=)K(V
M8&+P3>,0D7*PB2>?,!X_#AY1$SKB8<UVXK1%;B<[_AU$WFWW%500/>/>UALC
MJ`:L@#I,IQD.5R85@32:80OS\`;0L#:;,=7U(<])4"2"L6'>P0FAT29LU("G
MY#%P`6&?0"-T,DH/^S5R;LT.4N>$,`IK;EMOW@:!4PNF<&`A>DE/@1^A,1ZF
MU1J%CAN<`-'9L`YK+E[=4%5?$@!]819"5O\X/L4,<9``[1<1:@`*T4`/O#`1
M@=`&.57&G_4'2,()V=<(<R,WGT-_M6!>IY49@H`DJW4:ES)9O'Y*V.TU2"+L
MN=X[NT?FDY!),=+KN*X.,\)IK9%A;%+K"A`ZMR7FC9->O8-G/.`IRG`3@!!4
M@9`3D;[JAU'32R!>JHU.Q'`YZ14;-C!MDX2<UP<3G:%KV-T",%'=FB,-9/(X
MZD6/>O7OTY4ZS@`3:\`:-"#O\2<4#!<2TA`'?&&)YKX,/V%CAG%'.^$'=0[O
M)?VR%Y\-DF:#")'QA=`7$-9<Q/+K;_3KGK9?DP7S^Y#ORNYI1X%:[A5D::$T
MNK$Y$Q8CF`1FM/#_\CBD7T,&LB+A$1E_8C`-'M50ZMX`#LJC]6M`(X``%4?S
M$`9^!*9#::RV:Z*Q(;_:DN;E6JZE#&1#$C,!>NOE.EWE]J=T:T>!.F!$]V=/
M`_2@\1;W#2_"7GS`&O0E`V5_6N+E]H<O.!MR:_Y;)J:>&0IH^?10.F1A]GAN
M\D;`'[4A"]/%"62"JJM19='.&&/B"V-"%U6$"I7&!SP1-GE>^JN07'1R13QB
M\U%CJJ-%]5=.QI?$$U'4YIU39ZRP"E0CXA,O#A'-!"Z.`Z+G2='NZ51P^%7`
MYV$LWC4P_<6@XE4=!<2L7:WX3'<U4;-._M:A,NZ-XI:^*_:]WC/Z8D[$+I=F
M>^#PE%LN@R(_!`'L35J9K'-DWOVW0'$D*6RZ2G5E6_,$8=<[4Q:VYT\NAP@`
!.S\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>16
<FILENAME>u49135u4913515.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 u49135u4913515.gif
M1TE&.#EA-0'N`+,``,K*RZZNL)B8F3>99.R8:,IP+%VJ@F1FF)[%L;[`P(2$
MA>;!K("YF]_?X/EE$.#@X2'Y!```````+``````U`>X```3_\,E)J[TXZ\V[
M_V`HCF1IGFBJKFSKOG`LSW1MWWBN[WSO_\"@<$@L&H\<0"``\`$:R*ATJ@(H
ME@I10P!%"0+4L'BL^4H:W4\CD#:9/6VR?)X3<"N`)J6ASU_X>@^`%7QX`&\7
M>5T"@0]^A'V-=).4<`J,9P*7=W::7YH)CED/`9<*30F;G':74*FL3*-6$IY9
MI0JG6Z:A#U>@I9J5PL,9APJA`0*T8&8-5P^IHJ)-:%;4=@_8O:'/V;$2LZE0
M>J>TRM#EEX[;Z\3N[]FGG9[>$N6SL\D4^N!9;U^SE@6<A<@>KW++>@4J!0:>
MPTEI/IV;\.9>EGP324TDV!"@@D7?_Z055&@OD`!NC:QD?,B2"A-!Q\0):E*Q
M";Z+"/D@-/,/3#>/34II[`+EF"!MUDB"@RFII5,CP%J1VE6/Y$T)P,R\DMK3
MD29<S#9ET:4IZ"4VM0X&,K7RJ5LB@R8H"M$@0:"X()X82O/(45,*?=\*'DRX
ML.'#B!,K7LRXL>/'D"-+GDRYLN4;6QH>7@/-YI(E@1(D^])%R64;"5:BF9!F
M]1G6K6&SAFWG2>PSMP7E=BU(]NO9N('KILB+=^O<O3/1!,-P"11=3%+OM"T\
M^?#?UZT;]ZW]N/#MP;&#SSZ^//(1=7<@G!(Z#HG4"?E-2-:&7\#3=//:?/(2
MG&@]:_3'Q_\:G@6B1`)Q6,&&(OV)QHLC=86BQ%_0!/!@'GI-\!\X_.6Q(32,
MV%2:A43Q]Z"#%AA5CWP&$:+B2?C)0!\PI4AXEC(*,B3*%YN48I,O*P&CQ#Q;
M2%241#P^F(F1O<!B3HT:(>FC%6>1Q%!9Z/#(W"<I[<2<*GF,4L$_;<6X@C[\
MZ/,&%&N>$A`_//$"(P7EE/*<?&88)1.+&E'DDXT`1`/B5,_I889\;GZ$%8Z*
M1F/'<Q0(NF*(3]Q'P1M\FGFF,FDJLYY2W@@*IT_S*&GE1(CH8]&B8VJFJJ%8
MS-.G7)IL.<$I\H4CRUA8[B/FH1DYTY2*0FGJ`IKGJ*JDBMG8-<K_J+UHEF)0
M$RTQGZ<_LKJ/J]@N(ZFV0P%[:P+P21#-0&+ZZ*N?LU(49+IB&OO'",BR6MLZ
MR9BED[;`HB))G1.E\F,3J[9KKD4$AR*P,V!PAF@H6GU$\!//'`(&NIUE!IB7
M!L.$R1K,9BKO=^YA(%J%YC9\2[*X8')(RECQLG(<F)RL8<MRVG2.S9'B;(_/
M7H&%,E977/($/2Y_U=#+7DTE%9UZ6#CT'K<8?:FTQI8,@W?8=??';B6;QUUK
MGX;GM7A<$P+V;/2M;?;&1(TMM]EBHTWRW5VGK??<Y&VMM3!E!['%WQU8.[(+
MO,$3>!!,C]#XX9!'+OGDE%=NN63C:7'Y_^8MM)$YYZ"/$>!GI)=N^NFHIZ[Z
MZJRW[OKKL,<N^^RTUV[[[;ACG4'BH?<N!>&^!X^9\,(#;P(!!1#@`/($M(R+
M.L2W!(`!U%>/@#O*.Z"]`P4<X/WWYTP(D!*@:<B!7:"9RH'AT:.0P`#PQ\\`
M.*0'^IGQ&EH8J`5;_-5?WQTHP/:TU[WO>4\63.@(1>12#096RB^@V8]NJ)&2
MHP%(1)4JA!\*T3X+("!^\J/?2TQSE#/TH40:2HVT_,`SVP1%1''!WP.RM[T"
M&A"!%F-??QCQ!9DE(S7]`PT7+,2$'H8H9D5\SDE`4\0\$'$+ZNL@`$`(O_DY
MHG0F21FY&B0U^O]E:$(6VEETB'B(0_0O!`(<H`V_AT,%TH(B8,0*&,LHQ)<P
M(H%GS,85P]?#!#(-1TGL8`4^2$4KDL\S9VB(:-C0Q47*Y3/FH@D)U[#%.C)'
M=QN@(0$-Z+WP)5"$+V%3'$DQQSLFL8=@7`*"*L0%9:"AAZ+AH2MFQ(6]T6UL
M;CN;+O662UL"D#R]Y)MKIEA($5)CD?U9PA+90`I^$$@?K]2?(DD'D,\,*03,
M6U[R6G8``713D`Z97O6H=ST;\`X'YP1GY-*ISG;*@9WN5*<,XRG/7,Y@GO2<
M##S-F<]^<@<#?ZO;+H-YRX+^<I?")*C=%HI0@S;TEP+E)=X>&E'/G<?_GQB-
M`CXSZL^-<E2?'OVH._?)/Y%B-`XDW<!&4VI2D)I`:P)MZ6#.&5(>U%2FPKCI
M#Q0:45Q.U)<5_6E"?\K3H@Z5H4!%3E*K4P2=XI1X3GTJ8M+V4JEJ"G^)^YQ5
MM\H"EG(5=#']*C$"&E4U[*ZL8JV$5T]@ARUQ0251G!=`E7I4BM+5H#W%ZU*1
M6M>\0K271N6K0T-@!PD]*E^<T1R.2$E"]*`UK1I5QEM_R+,15"L/C]K=62%+
M":J"`T:UY.'_1-#%QC;6`B?!D&I7R]K6NO:UL(VM;&=+V]K:]K:XS:UN=XM;
M]K$&/N=P)20W.LD[Z"P#9>(L/$X+H2UDPWZD_RR?&HJTQ+:J\&_)5:X[3-.:
MS`;(+\V,P7:RJUW1E8RY-,BJ9\^QUO*&`;U%("]3W4L%^!(AN?#T7%_W*U2]
M]A>8__6K<0)K5_[^];]S1:]6ZT#?A]AW"/)M\!P>+(0(2Y@,%%:!3BU\X::>
MMV$R;"__]EK+KG58#AF^YT7U.%]"G-C#5^S`8T607=[-^,5PV&R*K:,##G\M
MP'LM,%()'&3]^E>P!RVR@0<\T1;C`9-PN/$%?(QC)-A7RB2@LE-XL4@),5.=
M2L#R'FZJY9:$[Y`\A*H%PJQB%WN@S"S)R$>D!F?*X'/'>WB!WLID4;=L!)#:
M`">>>\#>*#\$56GH8O_[5L-<]?J@T#(6\Z,_.Q\H4RZ=C,::HPGMF+LX.7J#
MYD&=\WQD(?-8R:66*)(%C.H##QG("!9!J$FPX<4`8`&XSK6N=[T`24^&S3*P
M)W(7H\D!&GM["UCGG2VM`5^/B0,B'D.QCVWL9$-NGPEB=@Y*QN=F._L&TZ8V
MLJ5HZ06G=]3$"+>X'6#MR@'OM-$.-GN_;01UB[O=Q)MUCU=`[Q;8F]KXCE&T
MJZ'M-I?A!$0VL*FY]N]C)YO5"&XUQ%/-MW_FI>`_0/<P&EYM<J-'O&V0;[S%
MP/$!!EQ>8?LPCQ'G6;5=2J5&QMZZ`0Y6E4.;TXHI^;C;M^-^3[G/@]&Y]D[_
M7AF2ANV1<FV!(N]%GV'G?.8.]_@>`"((:YDQ/9:58\H>]^RG0]WD4G>@9`]T
M$M'4-%F8"*[3M>#S&`B=W79^`7R=&US*GMV$17QC=FC!V[[[_>]O7X!=_D[X
MPAN^\-9*G!W?V#\*<:#0BSS:VD?\:1@8J.4E"/QI1KYFW9%PLIVA.@A>:8[0
M8@(#)6;HOBNDJ.>N0//%&P?65!*B1YE&9#%(_<HC[8*,O"1?K_\ZV"TGMD:W
M_?$HX/S:]:'"N(X`]@+7J;[U#/0R*__-ER+?2(XG_)V#&N.#1;C6-)[[2-Z!
ME,'O/MS7>?'IKMX(O)B07!PO`NA'!LO`U@'^R$_Y_U>O.N5$)1R!YU<+IW`2
MIU"55P+YMS5N`&T^IW[:@P+V)SP4=GQ3!E`\`($.(($02'3W%W.RIFF2AFV>
M,Q'F1E-HI8$<J'X>"!E9A8%S8WP]D%5:=GT;H((G,('LMP'3AP/\QP(XR'TL
M&'8.F(`K\(,K$(29UX'WEQ\?T(/\1CBC9H,6H(0DH(.^LX!&,(7NX516^'Q,
MJ!AM!X5FY68=8&$AI60:2&`(@``&,``*`(=PF$8T]W^P1G%X"&"JYVTLD&''
MESA(J`)?"&UN2$6&.(=1ES4**((^8!PFN&(U,(@94(@@](8%4``*<(F&2(?K
MMSGC08;G9G$[((D>1$4&@/\`31!N!0!""N!]C5%3+`6*-$!^5"@!I#@!A`0_
MI]@&]K:*\2-`+;@9M(8_TW=CV$47OG:+"?"&NAA%#>>+`U``P>B"*:"%<Y5\
M&Q6(*2")TQ,_!N!\'`>-Y30R(B:+HY>-16@#7]@`#`!"XX@!)0>-!C!5A%.+
M2/=C*5!K,%>&I.9J.+@:N3@`U^,V0B<_">=0!WB'>^<$TF*/5:5W0Q"$W5A%
M,O1V<3@`5O04]/8WYNA89]A_HPB!@M".NDA_%A!XS/B.FR%FF38%D+:08V:&
MVPB!`:F2'3"`S&B2KV@"'5E^YR@#$`A"#!!2FD=,`V"!A&&-24=]J%<$W7>1
M`V#_`#J9`;!'3/.HB!Z@;PZY`1$V<"3P==`HD#D8A@]`2!FID5BU`CW9.6R2
MCI&X;F'9BBO8??A&DF>YDD:(CX`!9;5H8S)4@R;D<B`9<ZLA;F$9C1&(9%X#
M>UW`C,7A4W88F:ZF2T-P92/XEWDA,5^`<9GC'<:&B53$B1$G&XQY!O$#*71S
MD),Y<28&DBJU6<4`?CB'>:Y'9S=60U24B<<VE\)W<E9)?++W-N@T7R^93JEQ
M$D42+X)XF)<H;KSY=41'DC8Y#/:X;,+9;":`3`'B>#Y&(I[450&)F#/WG%#G
M@3EY.?!U(C;!9=*'9H'1=1UP"/`!1!I&DK\H?.0Y<Q[8_P"G:3GPE2RJU$<W
MY1J:"5,L!IM7-`YE!0#VB8C=EY_KUH*$=)4L@54+BDFNE*&%)9NMV31#XGR4
M<GBTU:`&$``:Z'>!-WBM99<BVJ(N:GB^M4`LEJ'MQ6TA-WG#N(]RP8Q5I`>W
MZ`%82`'G^4YL5P(ON)>DIG:F81>9I8``.B<7F%Y=0(D420%KJ)!0`'U<PY_P
M@P9$IIIAQ91ZF0@-J7?'R1]%XE20DB%-J4NWQFMPBFN$$YX(X!X_>I-D.8FZ
MJ%9(B:1KQD`0`I,R(%]!&I"GF`%WR@%!6@'221@I99W(J&=12I5Y*@&&ZGRV
M*))C.80=,*0Y)8J6!WZTB7"^0?^H>6JH4YFHF52IQ:"+-S65-3"J>:E9,<9/
M-+:J+`@%E_H!JJH!BUJ*&*D!IM%6^Q`H?0H$EAD$ILJ"J!H"O4JIG.H!C9H(
M5S"L>XFI[I!.C76L!^>KW:>)WF@J^/.L\,BJ&^"IK(%'GP`8=H%2;-F/-X>-
M9!HWPXE\?U-R4(F1TPETUJ&"084=`TA05OD<79`,EY`:9B2*!'M7DUE2.?:P
M'=IY+DF9_P:N)6EHV.&O@"6`'>A7$TH>!X(6L-J9=66K[?=Q,L96N'IL%CN'
MT]@!Y'H!OYH!=KEFR`"E@KI[+-%S4CJIY7IL^3H`KOB5FBJ$=$D"*?E.(2:K
MUT@_Z&3_H1#YL\86/ZTX?",7LR=IKC*&KD5J4[[&&W,'82NK1IRX<ZZQ45A;
M`3,KK/&C/-GTM@2@LX81MA4VMM")`FE+`6NK`;G8?7%K3DC)D1RZ`\MZM*^I
M`7D[`7O+M_$C?`5@4Q#K?O$YN#GKA%PIBFL+/(DK`8NK`=#X=7\KJ;1Z`GH!
M"(H@0SP+JC!P?N#1N;=TI9*9I62):@YPD54+EUBJNC(P)&P02QR:NH1KM^6)
MMT6[A-%:`MH#E3,7NF)P&ZA"?XFSK?<$FX`HO/I)O.H'H?>&O<IKF(*CNV1*
M:2>[4^-GO1&*O0^ZJ89K`FITG\?&O'1P?J,UN3`(!(7;FP`(_[/%>X5:"P*?
M2;4LBS@.B[)_H$IHH)ST*P7W>[<GL+DSU+^\^K_NJSWPRX"T%IO.\9Z?UH,A
M-J;="JWKRX<8X,"N.\+4!HVZR3V0:\'0AF=;B7W>>KPA1<(0[`%P"4*76,&D
MJQEKB17*]!F;F0Q`C*T]W%4'^C;V-T]IH+$!"+`=BX"M`75QR::^1)DDI"`N
MP$E:S$D(_&37J:R"R;DU/+I,['_6$;"C>09@F:\,4$Y5++A'T9.KL<5T?`#*
M&;T-\<(IL,##V\#["X;'2[1@>9@,`*NQ&25=K)>$4\=;G,CWZ,')-YBH%;&+
M*D,T',@C`($%$)[ZZE%\P,.:087>,_\`!T!%6RQ?11RI3J<UE6S#?UQ_8\P!
M$/BW#&J(!E#(AKP__M&T29``",``/'J(I,S%A*.5/L?'^NF%KXQ-L7R#ZO>X
M@`',AWC+"+!*XF<ROTP]PAP_I<S(CNRTJEP#R'R^O'<!EQS"@BQ\.NP(;AC,
MIL@`\,P\;IL\VC3/!(!O#8"*\.S.M@S/C*S%WURK\8H9;1G#(1QMY]R;Z`N6
M'="&TKS-N2F'F*B)U0/1NDC-DO#/G(3*#2EE75B$^"7&F#QZ#Y#0#,R^ZK?.
MS>;0VFS1+JV+;8R*&Z#1-P2OX!QL#2A7)>QBL%N`6LI?FJR0NI$]EUC4$PV5
MN'#+;>S+/TG_TVS$@^7&K5$KL\V,N,L,`CM=A2FMO75H`DY]0%"-H%MS+TUY
MKQ#<A7%@TGV,TM_*U8DHPACPU=_T8^CU0QK!'R_`!,ZU>ZX$P@H]NA:GUM?K
MQW[KUAU7N3/]U8G<DI'"#$&D.VG8==D5HJV%/$9]V9@M>'V'V9QMU"C:V9VM
MV;P%VIW]V:1]V:*]6W+M)J]E.*OQ>_:CUU%%,U.]+;ESV[B=V[K].LBTV[[]
MVY(`VU?D',?"I)8KJ'K\8NP4BZTD1\1]+%\6D[$:QIQ#%$='"64T"#'*C]3=
MB-U=':I6@*D&IE!<LJ#JR6YITU$8R2T1W@EIQN_]4*9F!&DHU<?]_[0=E;+X
MW8C.EMR"Y-\1JV$$[)H7+%:8UJ?\ZI&D:L1&6F6(+;GZS=\8P+OS,75Z749'
MP</%0:_[0'69$1J8PDP(6^%)(,2+\B`?[A77H.'0)L1I8!?7LN(^7!K8FC)0
MND*D`2(Z@PID_9.0_#NR9EQJ)W;9T#^,<#(:PY77H`B-`S'V4T;-W3&)(.2Z
M(2:5(EE&#EU)OCM),P[K@2!CYR!YM^498#B&DQ$F8D98?D>-@#]G6G6(\*%5
MMS1I%VC>35B)1A/\<T=[]$9+%-;BN]>O_4>P'4:/E^>#,G6F<4UZ].<:H&AF
M)WH+%%QJY^AA?'XSFF>1UTP78TT@4"LU<O\@"+%%_B#$5A`-54(&BU"L1RQ'
MB]YT/!(,PBHMR0(@I%=W01$5U&%B\_9[\\98G5YWIE`>Z(<&L50KPQ%FE+X,
MPXY2$?%RK5[DOV=U3(#A'2`3\7`&GS(+N+*NIU"MZ@V^$?Z0-O-'7NQ<8?3)
M-XU<4>-E%0#;4.38M6T!Y=[7:-XPG`)$5ZQM@W,4!7L7G/#)>OV=&]!(S!0D
M"L,,+T,BT%#C1#,?S[(2,-+MRJ($B^.:_HT_HW%Z:+X)@6(&AW!^*1;R(._Q
MM'`614(M#V)A&T\3<>[Q*N05(E]PQWGC`.()3&IZ?5!PU'5^&?$*G`(CU]4)
MU[TQ#5,Q;G(M8-[_?(R@*,*B?V6U!C`"X#)OR"]EUS7@XK':XS20"BUSP$(C
M"KC@+'<0ZLC.R[]##3!%5GDQJR]E]2@`]Z3;=B"#L^$>S@:WE`[N]@H(V.V-
M90E^.$QKI'^(EYH#UU@INHBOX(?[X)V3CX!?]/\JWJM)W@5.X$BPW)`HX'[?
MO'UE^?"M<+TS^-><]]%#]S,54(L/^8EA=&J:O]]]WVB/TP/>^`2-<I?)]WA/
M^S\>X*6/^9NWM)<__)>!3Z-JWT=`]7++W<R_]TK[D()1CR;%>?48N-(MUL(4
MGTK,WE\LDQ#NEO%-F*"O'=>OHU,0^,#?^?0^>..PZW%O]^5?OSY^-9/,_^KO
MOO.$E7P.S]>9``%/SBE`H%GK)K(`DP"0+D`1,,K;)LP3FJ2E:SLS&TF_N7D;
M\6R_"8#4TQ!QJH>0Y3I21B4F\HEL"5O&UO/ZN=ATRM5.]PPV3*]/DW9^>(0-
M;19;,W(?HU0_D`#ALV@(2`E04"%,:4"I"/@#D4E)0"F,"2E\"11(``"Y"#FQ
MD+"\4#@J]2BU3`",F7KP3(E[M(S[[`"9<'55[/-`N4RYR/W]R17YK*B0#<A]
M(;94^PRDM%`N5(AS'($UZ6OBN;*TA8E;FP49O6-W@_((L\`(>@R+9?I[$('=
M?D"L'Q5#C;81G@IYVD,B4":%_>XUD;<,1I@.4_]B>#)!)2&+:=LNM'+($:/%
MC?<DK:G8D)01#!V628@H$-"Y1S-`\9"TS5!,,``('?DF(AQ,*3Y5(9Q82`>?
MA^V<KH0'S9D\$9[H$),@M!4_%C%B&=5I]0]".D=ID<@(@P[$>_;V<(KC\D(0
M>=V`0F/!-*I0+S[GIBT):>0MP*0Z1646B^<UFB#_3.F`]%PLE_"6715H(0P_
MAPFWZ:5I$:';I^PZ80`P0U""#EK3,0$THY,+*IIG9:KGJ=4B#+.=%6I%`O4Z
M0,Y25X#;>Y$LEC6!8LMZ$+7J624^U?*M3Y1J$:TJ!M]3A%/Q.9G4J-Y3=03U
M&;D^KI<WRE5X4B$4YSN7[I+V+N':Y_UD[:#PCBNM0`I(,W"H.^H0@\$E)DLP
MPC:`F$&;'M924$(--WS#P1TX//"8IS!4D,0:'#21'?,^-&,"+>:8P\486V0Q
M0QZ<@1$BN#)L\$0/002R1SLH^'&#'(/DH$@DC93112*;K)'$(]VQ$<HJ:4PP
AQ2R41-)#+4OC<DDQV7EQ3#/%N#!,,F<D\TD@U<P@`@`[
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>17
<FILENAME>u49135u4913516.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 u49135u4913516.gif
M1TE&.#EA,P':`+,``-C8V?*$1NWM[;.SM)B8FH6%AJ>GJ+QS28.#J^;!K')R
MC61EF<C(R=_?X/EE$.#@X2'Y!```````+``````S`=H```3_4,A)J[TXZ\V[
M_V`HCF1IGBCVK&SKOG`LSW1MWWBN[WSO_\#@2R`L&H_(I'+);-*(SJAT2JU:
MJ="K=LOM>J79KWA,+IO#+<9@P`#``(P@P&VNV^_8%X-0,`SX<2X,!4$%!#<`
M!G0MB8LK;'B1DF1H#7TM`P6!=(-`@P6.+W2-HHHKG`.3JJM7:)DO!H<,!BN=
M;8RW:3`$L8>X;K,X!H&"Q`\,QJS*RSMH!K2"F@73!(,$?*D/!H::#W_;OBP`
MFIF+?(#3AIU_C]6$V]-[J0#G!&[7U\SZ^S5H!-EI"+$[UHW=(#<#:&6*DVS;
MB@+9RAWSYJO3N#B:.CWH]N`?Q17__PY.Y$>RY`IGT#`)K$B(H#=#UU;"L`1S
M&DB`'UUJ&T9((T>/]0QUY&BRJ#XT(EMX'*AQ74L6`UW\088,8D><3%M:2^4S
M$-"44"\9'<L*34=[I[8A/`1'*Z&+M7*ZL!KVY2AV;5E,`]:R&[U4$N',T4FV
M<"2SB6JB?3`.7:V6F?@H#,<BZ2E-]+BUT?PTF$YP?[*!@]A8K.'3=<Q6SB6.
MM2C7.P2?@LT8!K+7#68G0\W[B^K>P(./^2V\N/$JQ(\K7YXD.?/GT'LXCTZ]
M^HSIN5<TR/Z`^W86WKV#%Z^=?/?PX,>G+[_^?/OOVM7'9S_??7WXW>7G?V\>
M/_K[_07(W_^``+:WGWT'^J???PF:9^`0.?AAW82]<0>#:O@IA1.%'`J'H84L
M>-3AB,&A08]'>X@HXC>!L$CBB_R@`=$>VK!AU5+5E#/5&C#V2`:(,?BS&!U`
MI3*C/(/LYN.26C#H@HF`,/;'C4;ZL48<D0')Y)9)9(B#:N44>54#O&@W2ID(
M,JCF@FS2UR"!;[JYIIQMIEFG@G3F:2><<^[I)YY_"EA@?3[XHP8HI)&&XHS#
M7(DFEY!2(M4U#/'R!P"0''/-``W,PDLHD8:ZQ72BEEJ6J:B6A)V6J;9ZA(6`
MMK"JJ[0JP:H,I,;0)Z"\"AHHGW?ZNJNP=<9I[+#`ZMEKLH,>&^S_"U[J\&$.
MRS:+K++$8LMLM<[JV>VOUCX;KK:$7OMMM$'DZF:M[$Y!!!Q4Q2OOO/36:^^]
M^.:K[[[\]NOOOP`'+/#`!!<,(;P%)ZSPP@PW[/##$$>,;RC8M6MQ$'T^>?'&
MDG+L,1#HWC!M#2"::[*XYPJ;+;@I;[MRK">3V_*X?C;W\<U:J$OH*7#P,!C.
MU(7,0W)*"L*&/47'0`^H0*.:'!N9>H,,)([VS*,:6!*C!J:^8(JE-W`,$/8<
M43<=G9;)A30,2/20>=4>:H@=]RQ[H)*(&BL,8\\AU2BRM95,FVT4M[C.$%*F
M?'?T=HZ*)`(U,KY`DF/>R-#3$=Z2=PJ6_^`43NN'UWEK(_HPLV":B`$-/,[C
M(\-@6LOG:M@3$1MQ<ZY/K$*,K.NM,2/8@G\O!^_R\#3/;'SOW&:,/*P.YF[[
M\T:0*C3TT.M,/:W30WOA]=1[F2':,MRJ*_>M9O\`<:QF3#YSYJ>[1/OK`R?^
MT%+`ESS*R_,I/,WWR]S[\?@+H+?<90/XQ<]CUCN@J9PD,NTI4%3SV]V#6)#`
M!W*N@M!JG@51$\$B)$=H#-R@_,+7P0:24#\W`*$`^;<_`/H/?RW,'PN)Q[(0
M1D%=!AP?#6&UPO[5L(<JVR$0A>B_%N9!=)6I!NL08HH>E%"$RI@?\[X$$J70
M8VY6\@P4K?/$&?^`3W&UX,I`\@'&+9*HB]>I8AB/,49?4,8%U9"8'.=(QSK:
M<8[A>X(:&7,(-K2.%VV@#'X$:<;"Y#"/:02C[,IT(@:028DQ(*39MO8(7=3*
M%8&SP1M=X"0?NO"'+PQE#05$-S=FYQE#G*$J0>D['W01@Y&$'H_<6(M-&B=D
M:)35$6Q)!M#%A8V97$4BR.B+7B0M5+#<122J@194)B0A15D=+2U'*[,<,D3+
MO"*-O"$V7BH#FFK<@X3D)S[X":UB!@J/+[*#KC_(PA"IV-028M(`8V[%)(X@
MQL^JN<L;'()T.'%;$H(1.SZBQ9N%E"`.2IC,%R!T/[PH0*?Z0*1C^N#_+W&T
ME#@WE]`#99!:)BS"0T_1MT!X!IH^Y%8N?M8S;UV+I0#(CB-3F9\$.."F.,VI
M3G6:`/T1D96$VQFU(NBEAL+1!L&XTC$:1TV2)*0@<:!'+(Y@TYU:=:<]#5HN
MS]=/I.*H<<\(YBJ0!AB&T&*D.:CJ5=?J@*P:)GW1F\D4:X!6X4PI:P\A8Q'4
MRE:KNO5V<,58(FGP/?,00$O?`P[2%(*E>(HUK7U=ZU^9<4V0%FX'@#JLG'AG
M&,9);:EU,P)?(YO3R9X&EW.U@5&5@D(O,B$`I-UI`.2PNEQ04K2QQ>I8T(7:
MWSUQM=B400*&2]SB&O>XCY4!;'.+T]FR8K2Y_S4MEX"[1Q@LE[DWS2H/E75=
MYLY6AI\$7GN@&]N>@O>\OO+-1WF`T.XR5[HW<&]LG;L*\I(6OKS9:I"\J$&'
MSD"^Y?4!@"-+7U78-[+XG41E,;M?(_!R.P-&L("Q>],"3^+`?4UP2?3KT<LZ
M\:C*I7!V)TQA"Z<U`"A.L8I7S&(?8)BM&HZB#L2;`^IVI'D1SC")L6MB'+QX
MK3V^P8^O&F,8V;B](F[KCKWKXB0'V09#]JMP%CS8%!KNOTE.`(V=E6,@[R_*
MLJV9FL#,TQC2=+NM['`!.>QA*\L`R2+6\LFZ?-4`?-G)8EX0F4MK9E'"K+5-
M:G`QD-&I6^RS/7"F</^18T!GJSZY!GMN;I/C3))H30^-K`)3:)`DS@UQ)]'8
M7;1U1?QH&D2ZPI-6]%O9S%"E]40T]WCS3%;0:"GWH-8Z+?4,3NT`70LWRZR0
MXH=_%U*I<(52M(SDO7#-4X$QN[D"XW4`HIWE.UJ;7_K]S6(8$XN8>A/4[UUR
M;GT=`VFG.M2F4LU)9^%'<"HSQ)2^-:G/S>0>\%K4=EB$&^"57/>]YA29PIMO
M@\MH8'MT5\]&]<G,;2WSW#N\?4Y3!,=ID)#P-X6W.C*6X\V#A/>:WN,&>8"%
M8+D4.9)2(+,--);&QB,Z,,VQA+>JY5UBD9.6W#!XN!P@R<8_*N$:BC!F(X?_
M7>P@K%,^'E<RS7EL<P(W7<=!",V^F5E=!W/3'FWKCF;7-7#I=+7@'-^!QW'^
M`H;S0.=`\*SCDHVQ3]-M#0F9VH:6@,&2"13L,^_XO.V-9[Z'W0>D6UO<NJD$
M7^(-:T+`W4F^/NJ_YV#L3V<KV5V`]A^<#@[_8&*_>4!E?XMTXWD7^][/WG?2
M.UX,G7>M!]?+R?F!.[HQ@WRYZF3NA1O\6!$/*KH(@(#>^_[WP/^])&==8];K
MX/4CUWO-_;Y\TX=^$@A8@/2G3_WJ4Q\!;J:BZOW)2?`D'=\ND+WSF<Y\=$N"
M.]&WOOJKCWV%TF_[[C^L@[XO[OE&'LCW)[(RTK_^__ZWWV96)W/FIWSD-W[U
M9H#1Y6(!D``+V(`,^(`.Z(`_P'_]IW[_-U03Q%4!B'<#*'K-MP-F!X*WYX$4
M!G\P0($5R'Z"!2$S)FL"&&Y+=X`B.'HS^'R/EV03F(+K]W^IITL;V'@VB`/B
M5X,%2(0P2(#816PY@((Z*'T7>`369'>:!'KFAV:\`GFV-WIJXG#`-F=)5D)>
MPH1-^(0FJ$<I5W7A-X(Z,(0Z$()MJ(8W*&(YV(0JZ'[-L$M7"(="2(-OR(>0
M=7KQA8,^((8Z2(:K]X,O0'\Q&'+E)X-]&(2!*(=V>()T6(<`^'DOF("+:'^-
MR(@(F'PDF(28E1N$F((\V/]!BK=XH_AN''B$H>B)1@B+C]B!:RB(/5"*%6B(
MSE.&5Y:)H%B+'SB+COB'D&@#2<=U+\<"N.A_))-+4=@#R'=?K0<L8W=G\_9G
M<G)O^W.,,*>$+;",.ZA0U_2,&!B-$M9U7$9JUEASV)@FVD@\W'B+E7A]DR@M
M"T57XZ.(2"B+Q%B$PJB)^YA;]?@"X&B!;-9F(9(/C?1(21,."J*/K\B)GWAS
M^6=K`1E;<SB/"Z"+GL=:E$,F/J<EY@AU%^ETG2B1L?B+<5B"@ZB13NB-VQ<R
MJH%R;D1+(DF%X79-;-B/P^AC>AB)+'E-!6E]'+EF@N90U$1,NA)']?)]SD9J
MU`;_E0%S;T\I8@,SE.R'+X4B"G.@"%>211RE'2,)8_5'D2=IEA-YCB496<T8
M`UA)CX3EC*4`20FA>2[8B@#I,M6X(`+"<"GUCILU(/'(`V\Y?47Y`QKGB]*X
MB6B9DHWYCRJYAY*8C#)0F$YXD$>YB@3WD#]IC'[HDY\I9)U9`TG'89:YD<;G
M=3/&*F,I665IDFG95Y/7`I4'C"PICRYYF'*5@1J(B7@9F4#9DZ(9FE`VFC0P
MF#MPFKJIFHC$?8JIEA'YF#S)CZ!9C*1IBVJVFP^@G$99?-T'C3@)>XP)FXY)
MGI"YF&O95QDYC^W7@S[HFT!(BT(5G]0YG,$XG<#IF9.I_T-NZ9*H27Q;B8AI
M>'H(=XT!9'9;.%Y=&$#(J0/<":#,V9:]:"<0:9O"69S$"6G&&9X8F7W*Z)_+
M^7[PF8@;^IR25Y%A=I;0::',=8\N\*"6U8W)I$X<NIBYM)/5Z8_XB9[125K&
M<D(PB@3H\T3;T9KZEYW'F:&F5GKE29(]RI:K&*0#:88C.J#6F:3WF:,7JJ&`
MJ)^W29@@"J$1:G0UNJ*`9J5;NJ1*NFLE^IL^VIS]F9OR@9DXY'IEZJ3HZ*:R
MB:*YQJ>E]9I0RI]QJI$A>H<!B"<5ZG[9(7Y6R(4&^D)HEZ#UT:!+&*9GJ#'?
MR5YW2I;CN:<JZJFQR:GIR5;K6?^)A3J?VT-T!$>?><FB*'F>YKFC9BJ9%`:&
ML"*E<<6+<F6D?E59.&J?.JJEK;J2HLB;@\J>A#6F:;>IKGFF>GJBGPJMH=JL
MH[I6I4J'I^J=5=H"B4JK:<JF:_IK77J=^TF9!&FI[DE!"V6G)BJJVLFJTBFL
MKRJK>$JL+=J2<NI*F;:N-'`(_=&MS=D`6'B@I2>I!_)P7EBN#FJI+MH/_818
M`,N?`ONH/X2@?*F@E):P7RJA*X"K2*JMJ>F-G\:L1UJMCN:GDA:MU/JD?96*
M*.2QNS@IE;(4IG"3[;JRKAJOP/JMXGJE)&M5USJ&<2FB:5!RLZ-%_G6S)0N3
M2INBTUK_9R@[8IVJGG#:?3#;D4<E#P+U;3^K6U.+?RH+M6%KD2Q+JE5[KG+*
M:JE*;'@3-F/T9LM6;0$S=E%98G4;:E5)85<)HEH9LBS(26CA!B`92'<)KS9:
MMF+[M"<[MEYKLD"+KX1*=Z)P#FM`*0Q9N.L1L8C$J"+KJ.Q(L!QGL-Q!J3B`
MJSV8F,_JKCD;J_*JLQCJLTV[4\W"M-O)L!<'LGZ+0KS:N(B[N(KKM$VJNO8J
MD)"+K$J00+?BD"#2K>;SJZ\;K#L[K-YZKPQVM4"`NH8[J\%9G\_+L^76IME+
MM8)*B?GJ1/LJH-Q:HEKBO%R:I=&;G^2ZL0N;K^:D6D9P=^$K_ZIHQ+YJZK[=
M*[W;2[RX&;GO2K1<US[>-+'CZD7\"Z[^V[[R"7^D>P/6BYBYBX^ZHKD,3+'W
M8[&!61\(6RP>59JHB+8$/+2XNZRQRU.`*JW!"[:_R\*<AYP&5,'(2*7\ZCOK
M!"0`:VGI^\#]"[W_"[\;7*[M0XH@>I!?9+X>F;J2Y:OA^KU1G'/@2Z(*2[OI
M8;I=M,0%C,%.3&10#,0.+,00[(JK&ZAB:L+&FZ<7K*[H>QX:W+4Y-9LLX(;T
M*KS3*\!@6KY">K\/IL#/YSU?#+RP"JHOO+3B^,/R6ZE\?$(I?+9).\B\VTJL
MTL`]2\9!;,;)R@+'6,(O:KN.K'U8[/^<DBS#CMNG0"5MHJL>.N>R:$J]>TRH
MZ?J>0J"\KPS`[F?)4BS&EZS)>=RA;%R9H.R>L`0DNVO*O4O(=PS#ATRV9RR^
ML;S&KK2V7=RO<ORG7YNXS:S,K:N])#/!-F##;:R*VYH?BHAFUXQJC(O*,8S-
MIZQ3F^R-%9QM?IS.4CNE#Z#+5#S%95?%MXR1^B7.!HS",5?*[IS,[+S-"5W(
M>#R-5KS(I9O$Q\MX#QW!<+J7'_PF?ODR@#G*__RF`RS-'VN/#KT#MJS(%BVH
M&"UQ`[+1V]+1!<3)V)F<PQS*W=B;SFI\QWS0S\S,#.W3RXS()"/3"NO#:FRJ
M^HJ0R7AHD9S_OS@[O*Y;QMPKU41LSPX0M(6HJ_9[`YV&N1^MEOO+SY3'I#\M
MU+\,TCELO1RF+HJ`OR"F/3T\/_K<SV)-FZ,I/MRX50)MJ%-81B\`$7`7V&MP
M`(1=V(9]V(AM)8*]V(P]`(C]V)#=V)(=V`8`V99MV).=V95]V9:MV)G-V)Q]
MV9\]V06@`*9]VJB=VJ@-V)+]6-&B+IKE3=<VV[1=V[9-1^@80NK";F$YSG:P
MRGZ6>Q%WOQOV6SD@<*C:@AUE'>0XTM/,>?J%F:<UU*MYINX))-)=9:B7W3F\
M/C:4>`&*<9!\P^#-.=Q]%.='I#E]WKL5!4J<2^QM8\O=)3_`WDXP_Z,V[=U)
MO06>$A&?DAM<$Q&F0#?:@'(EW5_X30.G(R)@M!WNU!VQ`!B/XJ_SL^#'MFT/
M?KD1GAMDLBL)\2F:,B0HER+>ID2=D@V-Z@VQ4+/4U`!#]PV=<@UT4#8/8N&K
M^N`%+N&3P7-(U0>1H0V#P"ELE"3?<`@0H0F;LGE<+,+'1P?#4*2,`.1XLS>?
MY1#9LQBMLU3B`.1_-.4NKE<SX!E-M3:U83F+Y7-!CE0KQQ9Z-766<S1PH!!$
M83A.'@?XZP8`U1%O3N`Z(!9I?A6,``HA(0U7(4_7VP1:U#9NK0V@`W>@%15A
MGA+4A-QY8SED0C6EI$F+('C;QFV*Y$9W,_]WN[#IF<X(C<)&H.X'%J7E)*5U
ML-#H5U.YJ7#$=+$17/$4K/,VA!X2?T[/,5K2XB#IT/!&284E$N(IV$"9B1#L
M?"0(9W43QAX3J]Y$C,Y'CG!0(.%&[H3K,D#M?B#M5G1X;209-[WL:5%UQ<Y-
M8O0(HOX@:F$7XR`VE8$9SW`IB'(+#*ZL\>Q/405)E$$*=<,W=Y,;=:5$5P3D
MOX,67QGPJRH#H44C<4#F+0?D@3WI[2X(:+%-?BUPAU52JT/CRL9'7F'JP$#E
M]D`ZJ;/JC,`'TQ!/U'`9I=U-!7$)^+!YF5D$\)$81`$6O4`+<*,I=HY$-:#S
M6((/+-#S*E[RQ-"%VWH@&6NA-?C0!A371+?A511U]$E$*03N.%`13-]!]%BO
M'4C_\S\?X>;:]*21J>.+M<H]]+&@))@60<,T4U(@3E5@]S&=W`K^]DA00DSM
MW,%LK)BJJK\>][Y-T"/$/IRUU;E=!?9-=%MV7F=&W'E_!;S%W>=;'*G%097_
,*CD-I[/\^3(0`0`[
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>18
<FILENAME>u49135u4913517.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 u49135u4913517.gif
M1TE&.#EA-0';`+,``+"PLHR,E-?8V#6:9>^486.MA\!R+8Z_IK3-P.;!K.CH
MZ=2NE?EE$-_?X,C(R>#@X2'Y!```````+``````U`=L```3_4,E)J[TXZ\V[
M_V`HCF1IGFCVK&SKOG`LSW1MWWBN[WSO_\!@3"$L&H_(I'+);-J(SJAT2JU:
MK="K=LOM>JG9KWA,+IM7X18`$%@+8`Y`$/`^V^_X:/HA"+3C?@XO;$`.;3>&
M<`&#<GF.CU][;`UJBRN"#X0_?@%U,9@"F"ZAERP.HI"IJE)[`:A\KID`#@*3
MLRRU`)0/M'&>*WV&C<!K@L4"H<F7R(*&I[QUN;MQNJO6USQIB2]M;'YKW['"
MFN'#*X2:O-W@WX2'#]T!#9R+A^.+X^;8^_POVI8N#KW3Y*Y1K'>[6!SJ8[#1
MFX&+T$7$!U"@04!O?O7;R"]-,&Z"_R">JT=/SCL7WNBMB*6P$:%@APAM@V>R
M)+R3''-B:P5PY$J7E@H&U/?3U$%S(C/Y>2.SHDFBPG1*M;:'H:!:+.T1G&@L
M)-1.E92^\<I+4U2EZFC-D\.FZ[-T4^/FV0.+GJ@^ZRX!]4/I%DI]B;#ZJ;MF
MF-\X(UWY3=G`4""YD/'0C4RY\ES+F#/?F:RYLV<PGT.+GL)YM.G3/4JC7LUZ
MANH'#1+*ELTB=FW:*VSG!B8`-VS?MAOKAHW+T^S:MY'G/KY[N?+?SX<S)QX=
M^#3CUD_U7C:]>_+FT,%3#S]>^O?RUL^+]S=H2Y^U//RB'*R*5A'$Y%3R2;FT
M;&OV+?2QG?\5M^"$PTPM&/C(&D6`1<XK_>WG(%&L39;0%!\I>`-+";YRAWQ%
M;+42*FQH9$]/_WFT"$./*46?8UEY`PA8-RE(SEZ+?>-B4"AZDXLWZK3(#CL>
MPH@))W0`P\E5K@2"9)"*X7BD-W+,TV)+/M%TBC%$/?@?"_^HPQ9%QJ1E9DQM
M,(26(28VI)0QG3A3"SRT-(*@F%C1<8HX1X6"I@O.G#E+B32MF>8L<(KI`'QM
MB463GUCQ`B$F^>FHX#8:4G:A#&%NDPA.)[G3#(\T@://.P*)DF:$5P;:(5I%
M^83JJ$.Q(.J(^;C"9H!>%LIAJKBF"2A+O<8:UDV>3>="IY88`M__;X?T)0^?
M(ZVUY1NZH:I+++$MQ(8N#7Q+B3.RQ9).J/54XTICBV1K6#V+:OF'=L[N\JTE
M,=*Y2QOS"-)OD/Y>0JP\^MH*D+WJ5N,<>-*EQ[##Z)WGW<+CY<"LP+#&1@@E
M_%*K%'R48+MO0R`+N-TD8_$Y(&SF`G3N4QPOFHAN+^L;S+]\^&F;LYA.25/(
MZW+K2F\@"TPIP>OB@M";'"M,7G<03_RTQ%&KE\VPZF",5S%6`DEGUH:VP6&6
M"\4CAS"#Q<,4BE^GTS5]LX)=6SCXBLTC.'*WU6@[99LZXHCWG@K4WRTX1B26
M7S[@T56@-.Z&7J+81TK.Q("(,>7[R4?-_[C%&&M*1AK%<5<=DGM8EJJ=F_+X
MY.<,ZJ\;R%0>.>G,6`YK[-#`<8Q1FU9(QM@[O+<%\&(([P.#B2M.1A\_(*\%
M\6(X'SR-B;]&7A/V\<"Z%K:/D?T.WUO6\',M6)_\^:&9#X-Y%+,_=?L24UW=
M_`_3__[][N?O6\3U]\]_Q5+3G_TN%,"J4:P%O;-8#!*(O@9:1GWK<:`$.0*%
M+5GP@AC,H`8WR,$.>O"#(`RA"$=(PA*:\(0H3*$*K[6L2ZSPA3",H0QG2,,:
MVO"&%M3(:X8SP1[>08``\J$04\%#'>PA`4A,8@(P6(<B#G$T`D"`%*>(@"TX
M$0=[8(`6MV@`>O]P(C=TX)KHJ$.T^3&%%MB*GW-J@9T!(E"-^#/@T^0(Q/_5
ML8`#]`T"!L#'/A;@-X.B0RCD`S5B,*.(W=M>#;*X12UV,0`#@.1)%'..9@S#
M=(#2$B9ET+TG4F&/?>3C'W]RE21)CP9A3!*@*.0?++Z@D8[T(GWH]`?#U.$I
ME"H,6[3$%D2YX7%E>4KK+E@,:LA"(Y[T`2A#.<I2I2X3PZQ%+C%!#1(-JEF!
M/$4@P\5*-+P2E@:(I#@GB1C$G*,.]8!')5V7+F%T)9##P,<86<3.E4CJE,E4
M9BA%V9*N*`2,@VJB]`I323K9"5S%N-<\D%F^;S;RD5Y4B#EO84YUIC/_$Z*;
M13L5$ZZ,YN*<KMO/?D07%&EJ,Y]!6*8?^SE2C`*.%OBJ:"#UTE$[6>6:.6->
MQ<#D4"[Z89P`Z87J4-$,7BRC%Z2@5UF8$8HX[$*:N3L=-R<'55^@%`@JY:<+
MHS%&%X:1=.8DA>8$"0I?ZBD74.74"Y2(Q`7(\A57O"IEHDA%*>YD@3Z(JUP]
MZ;XB6(@&#)RC&^%'6,'Z#X^'I:-BR8=8.\+1L86]XQLC"['[^76OF+VK#0*;
MV<Z"QK.@78)>UP<#"(;VM#SH'0%+*X/1OL"UJ#TM9[VYP`36,;8]A&T03)N#
MV>+V?+XUXA1T(S7(QG&PAX6C9-NWV.0R%[G+_S6L<:,[OBJ8+[B_S:YPM<O=
MWDY6@2[0;7>O*M[P6HVVXTTO$WB+UP.J%S78W2U@6[N_]_XGL.5=Y'S/"UC\
M*E>.TVTN`/\+W?TU]L#R<^YQ$UO@*[P&2,)`1H1NP$,$%S;`#1:/A1<\8,IF
MV(X"/K"`;3!1/NF)0=U\34385$UUXB"_]IV*$\NY+7@,,I`,12\G2U0W>\9X
M@C-F2U?P)<U&))`N"0F&1LG&21PZ^<E0CK*40TB4Q@@9H_A:9XZ1K#I9P#.,
M,MCDCS_C(2LO=<4HSN@0:A"5CXIE.F(>L_A,`8,YR:*4<@@%-QFX0P(&-UYR
M/DV<?\!>1+Q6/=0U,/^!%=S7#4<7PXR.6H@7S6%E%<Z[KES"H`-M&7\Q$,8\
MU32G!;U>)FQZU)$Y]=4.'015HSHG"3%=?`/;Y^_JS].O]HRKMXOIZV5RM*#.
M-1X"]N+@%IK$K]U4L(7=A2L2F\+&-O4.J@OI:B?ZP]>.-*4=K6@/:SN\"=RT
M;XMX;#8S6]>;7;42=GUN;.P,W)<E;2%,LZ5+/#7'H'WW$JX+/OI6Y@\TD0<X
MV(T^UQ*<?$'4@=10L6QL5`3+(N7NP9\@;0K'Y5LN<C';,MN[9\/[N_H5]6DZ
ML>(5=3.T$P_YNO.Z;5M/^L+'T>:V,MJH2KL<V]M^>:4KB^Q]RWO>HI%F1@[_
MDW)/PC6^-%`-)83CTE9^HMT<@6V1"O.CB#/\R#8P5S$)^O0$0ST/P#;J*`!!
MIX=0`]\-1:5!6-:)>809@?A%^M>U$.X8S.)?W'0JQ6G`"9VBRKR5G++@!T_X
MPJN00LSCIBW1'NH9X.,EC]NXO>=>&5S;"A5!B;#*=QRG0(SC[:G=A8AQ[FV;
ME[ZXW$:NM5MN/X33P/(K80I!V4BHI-L`=P/"7=>GK5I)DW[GRDD`+!E@@.(/
MGP$),/VW5__[1UNZWR_PQ#,HMS)?ZQ@)1=^'\+FXSP#`,ODH-3BKB\W:GP.[
M[NV-8#^VSX!]AM(`6P1_ONGL<Y%_9OOO=V0?X8_\_]^R6[?E5EMBMU.5(7S[
M!TY]I$7R!V3[!2BS%6P!.`/9APT)$$X#P'\(R$?]AUL3N&8*9VBA`4H8.'P6
M:``+>%H=6'X_P$#_EVRJEWH*5AX"<(#'IW\#4$4Q"(/6IG-W)'>@!WCIYH$K
MN'OI-P/.QWK*5QX'P$<C>'P6.``OB(39IGQ3"(0@)X$_1V@"Z%X]!W>NMQ$B
M6(,9>``2Y(.7]F+@Y8)<:(2-H7Z040`:*(:PU$>,)T0Q1X!K>`,1^(.I90U+
M&$ER.'Q:588/F!QBUG#'IFR9!&T;(4KL%XA:!$DW"&0^>'!]U7C3]GJ=\8<(
M\(B0F`"#.$3B%WJV9W^8`?^'?^2)@9@`?UB'G=%PB\A?ZK99\96"S`=\WP9*
M5:2*<I@`,S@`?S2%A;1\&U9M>0A]LK@#7-9J_J83<`B%#\"+8IA\K8ARY)=I
M*W>%.@%*9!B-D-A(R?>+W9@XJY4#AVB&UY>%ZC@-NM5[D/",+""--0A^?QA^
MS`%H2;"'1!@9OXB#WOB-"@@,?#2.F66)LV4^*[(46+%)MG@'S^@)\GA\\H>*
MIR%WHU@X.H)Q)6)G7_@::O)XLZ!3<&`9XM@"$3E\\E>-G75UYH08$3$H>E@#
M2]8N<,.'C/AQ9J"2*W"2W]<"H3AG3L"2A^(67;5YSV$D^+)V=F=X3X:*%[0`
M`*G_10M@07_(E%8I0ZS48K=0=48901'Q(X/B;&S8#[KH`CP)C@$RD`TD=T6B
M#N^1><#D&C>09P-!!Q5F;_6U$?!HEE&Y@2Q`D>1E"ILB#)S3#%RR=T?`CNCH
M""7)EU%Y@F7Y&<&F5PV9=MD8A-I8!CH9CWUY@@^@EI+Y:7''A^+U?,K3AYIH
M<:OPDSO9F2]0C_>E6EUH?44HA*W5`Y4Y!J#$4&<9?]''1_Y8<+.)!/HXDEN(
M#8"Y5J[Y`JPI8X7(C)B)C9G9@/07!$4TC+>8/^+(/KT9D-*QF]U&A0`&@["(
MFT:HA3<)@G&QF2:YG*,`FIE1G@?D<490G"\@"OFUF%&0_YS*^9@QP)^L`6.Y
MF8Y&H&KZ6061"0/=Z9<NP)Y&AY.WV95HB(7KR4<SL*">*9`#0)#`E9IYQ6<5
MMSX^*)]``)\*ZIXO`*!2T8Y`IP3%R4.;1*)6D*`GZI\QX*#BDY>T6`K1&9/J
MB(<4"@2?)H4(]H?I@:'PTYBWF)TCU@6GYH/JPY:D6`,Z*%D#>:3+R3[)68Q5
M2FE`.IWC]Z/T&6\LMWMZY6=V0*,U"I`9R@*[N:('ZH58J&QQRE[$99,1Z@A[
M>:$H"@/-N0\R2IMGF(EK:)^Q&'4F&@-(.@.PF4R6**'WD:>I@*..R:8TH*;)
MLI@#>IKGF9ZV&*<_H*)K^HUMVO\"HAIU4?"D<K<',*I*AW%R*0>J1:"D?&JC
MC,I'KE@&H":KQ,%P+>5E5H>83?:29M5-FVI97?H`*EF.O[&H_U.2R8J+QM4$
M_G6HZV02]I%0KHB0\-``>,$Q/QAV>/"G_6FI-7"J1,2KYO@))G%+E"2L,C`G
MI.)B,(`H5XE"H&2O'02543F5'L2)]QJP'\1*IN0\@B2+U@,6)F>7DC>`8:JG
M%GH#SCH#M-H/IEF@NI,@E20LI5A;WT(-NG(E@RFI$'J)4I"HM6JNYPJ,.G&Q
M<@H^@[D.A:$Q6%&'I>&M+(0[WAJDO86F6T"IH_J)-X"I$E0D]68?W@HZ\'H$
MQSH%Z!K_M*N(`RAK!^J*F@Y+7`<*0>75M%\J!!5+`Q-+`XT*=B]+G3U+A(&J
MM=C5AF[8M@H78K1AI,B%I`&DBZ-'C%XJ!3Y[GT*`=1#J`_@)IF9`KHK:IS1`
MN,GS?XJ8<&_+LX)+!J"T:V$KMA$+J&O+K.O:N)#ZN`A'<"9+!4];N+9Z>U,+
MJ-2ZJ88ZJ'TK>E7[`MRX`Y-+`Z'[)8,&@2%Z#7N:`[%[JP.0JUP0J&=;G?EX
MNYWZH8E9NF!KN("%O%2KFA](FKQGFU1:B\`[!4";LJ2Z`[DK!M7;C,.YHYMK
MO'#UA4;`;:*$>K?AK,7U`';;?+[GMF:`2>5YL^.&?M9`M#:P_[N'R[+NIJ/)
MN%FH.Y;M)9::RP6S*P/ZR[N^JZO^B[%4.HO85P1.U+VOVP,)'*_,.URM^Z/J
M6;QIF`0=.,&MN[TZ<,$R0,)7<)UERL$BJKHK;)G\):4]V@-Q^K6ZJ[PV@+]F
ML,'K`:/'F(5^6[:`Z[P/7)L\\(SZ:<(R@+ACP,/?2\32*Z2Q1KXD2\7C5T?0
MBH1TVW)ORF!X^\,:?"`M#`2I6YV8RP2-]9"WN,6GQP>#B)W%6`5QRK9_"\$X
ML)!XB@<V7,(X?`/7&\83*JA"X"$+^1&J))T_JC$AD<>)*:MJ#`1*C,'\:P6<
MU;T\X"$%HE'3]\$YD&5+*;`;Q(TKM/\`\&=\IES*J.RO)_2,"`#*`4L46792
MQ]E"/.#)QBD#!!"5!###+)#+8IB`#+#+JM!^@!BU/^#+WRC,A"I+S*P?>.K)
M(06_!&H#O\3(O:S+5HS+8EB"6J3,D$!\<=B+0(#,D.C-\2%)XY3./]6P/+H;
MOV1EN\3)55Q[UW.(Y!R("P`$_$J"P!S,JZ!%?.1]XGS,_0H$S>Q%D31+\&8Z
MA'(VG:16#VN>5WC/<FC.Y$?1X!S._IR#1!J%RV&#3?A](X;1-6C10CP(Z)S2
M">W,^W@$9=S.,4#2QV?2.8#1--C-'BV>.1T;6]3/$CG2V'Q%KG70G`!4'MI?
MO!:\K15G&%W_?,:W1?G,P;VSSS9X@;!$TW?`?58]C^-<T.FI$"J=TA$UIRXZ
MI9_&U(+H?A>X``QE6Y2;P8_02#[=DP0-D!:-=$2]S@F]AF/ZO+1<Q6(\`PM`
M``0PV(,MB6HM2JWL`P+PC+W+$7.HT6A9U\D<T?+&!NH,5))D"01<QU88Q9^=
MN<J$`(Z]3P<0G#4@`'\(C`N,!QD8T@S*`S(]?%'M`WF]V0K]'8_:L=9Y(5<7
MPPR$``=0VJ)TVO@FW*'$H?V0UEL]V80ZV(4=W=$-W89=JHC`'T1-(;H1P!+L
MVTH01:N]3P50``=0WN-MVJWM",=WTP%IM0A45_`=W\)=WO0]W.-]_]^)O5(Z
MH*I)O8;YU;3"3=SY?0!E],72%:W41MC!G,N$'4H+S@!I5'H!$N#Y7>$6?N'Z
M+=K#:XI.`-[V?=^GC=J2XF,+Q9'[T-BBE'(.0-H8CN'W_>+D7=_R/47I#7OU
M2;QO1W6%<0HCREEVUBN'S`^.3>`Z@-QJ7=X(4(<-;,DPG<V6G8B<M6E),C1-
M)7"526,)F20FS@\J1=Z7.MSN1][^*-1.C-1\Z]Z@S;EYS$-$9BLNH>8R"5.!
M4`RVO!&J+=[U;=X"OJ$B7B=;-Q;6J09X82YC@6_;/;UV;+QFG$`_O@8<@TY;
MF%_R\7AN1Z\YH=I[KM;DG6-DY2Q+]M#@@_\)"I!Y^^%;W!W(YO9Z2.%T[(R;
MAC$28W%R=J"TU.<)F`[CXVW<6>@R!W4.O,P-;EY0T)3J9=UKQ!ZOO91FMB*D
MKW5R0;X@W#0TW3#LUP@>'`D6KM+JG:P0MT0I@];7\L7A,=`LT8`+LL["M3%]
MTD$*POA8,"BOW5(@([Z^<=62P^!W1A`4AN'MQ^ZV\;6,O^ZP8;9)SYX\%!4.
M]K3EC.T2EH0\5?*_UA<NYW1Y$R_$N[:X*@C85'QJ^);>H2$?`:5Q^0X,GT,,
M_$/FS2YF5<:Z`N_2$CA(W:X7466M)_W#Z%CF7;`8R?[F]T'PAHYT$N]$H*YO
MEQ:2BF=U=)SQHR#_9,0J<_$\')Y;R32<:G;294[GM2_K\8@^QC8I.L:D*P9E
M2OC&&9.N3E;R$)D@,HNN!#B?"L[N\;`UF5/P"JM.+#!Y]7_='B:?E/944:;@
MRH#_0OI*3($/948&K@5%=N=T2Q'$&16!]FBE3G[?R*)5D5-OQ&?0+I9^"QK%
ML!!=KVN#*)XW[9/?M7C0[J?'@^]K&G2I2Y!7LPJ/B<@1DCE[;Q5_^4[0]E_"
MY%P_`YV^*%25$9SS^?5Z>^?NV<?8O;SO"*Y5GBB/[E!L\LEX<J6A>Q'DBLO_
M7KHOR,%S`];/N"NX_37/_<*9^U(<"8]07BXK_M;0]D,*OL8N!"]M^I2'__SD
M;[9T][_E=J;1!P%./"I$H]1EFS?/0O&1N"DL-:_!GBMCX5;XGB;%[MC"^+FU
M`6<.X<G68=60C<Y(1#/R8,I3TW%U9@6`0`!@Z09"W,"EN^$"&F2`,^:648`A
M158XS^;'7D";I,[H*W/@:^#3$-,C%/SS"N22.!3L";B3$>`K:YS`\*H4C.S#
M(+24>\C\P/1(6^-JU3S]P`OD\W/PH_!\$*0I]*K1RPVX[8(:#CSM`RTK@S0*
MAG:J@Y.;C1:YK0#8R`;9_DI&H^'2,UP]2;3YVU[+SNX*AE6EV(8YO=\"%R/6
MJ\^=@%<A5[9M^]I`,C6BVRYNN-2),:C/7!`W0/\(?;A(`E:&8;]T#2,#S(XU
M:-.N!2-)KX8[A[E.L?C%L&.+-ZM")%JHLIZR=5R>C4AW;U=0%VT2!81(*D_0
M;SY1?&LTD.>(%O[^7`VQ12C29"U#U%R$:(,C&.0\FMVPA6C%DW3:)J2J"%>]
MG%>_M$*C#%9-CC9//5.ULT_/8WG`N50Y9FPN?;><9K$*$B''<20(,4Y#;2'=
MEO6.ZNM[[0PA,6E6\EG4D=Q8KV_UF'1]LL4O<EC%7D'=,;3A;80F]$F!Z8KP
MI+#68AN6L:`1X/EZ@]SM1+CCZ,T[.O]@-0MMG`Z;*\-]Z\I@$237A&$2I@:;
M7>"4>S&2,O8#V/-'EB>T/60,3RQ%+4(CK:$^3G"LC2UR.(P$`">[)3[P&-+`
M(9%&4$O"509<XP2K4LCCABY88&(#$!]DYP8#M_FI0T2\D*\\^^:K[RV^HLGG
MF1;CBL:W&U^,L#4>I2//-9INK/%'(X^DZ+Z2D&QKQFKL<U+&(>UY$JZ:2E&'
MRB2SW!)++'F,DDDQQXQCA!BY1)-,-55<LTTH=]S1#C:WG(^O*,.4T[4SU8S3
1S?+Z]#-009D$=%`*%(@``#L_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>19
<FILENAME>u49135u4913518.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 u49135u4913518.gif
M1TE&.#EA.`'>`+,``+.SM-C8V<C(R>SL[)B8F82$A:>GJ**BO8.#J^;!K?*#
M1.RB>&1EF=_?X/EE$.#@X2'Y!```````+``````X`=X```3_<,A)J[TXZ\V[
M_V`HCF1IGBCWK&SKOG`LSW1MWWBN[WSO_\"@<$@L&H_(I'+);#J?T*AT2JU:
MK]BL=LOM>K_@(4#@`@1L`<`CW63+T@2"P1S.C<N`_/EY-PK4/GU8!(`L!60U
M`@4/BDV-,8H$`G^$=3B5+05S!`5[-0$&GCN810`$/Z17J0^'-HV//8@TL"X-
M!84KHDZR1*NM#ZMOH3[!0::HN%:^`@',>;EYB*^+*W\`#2QI=]9[II/5@MH`
MBVXLQS':GLQ_S9.BZ;EDS]PK!@;,X+S@UVO.N-;+5LC)IH?%I&_X&.7!QJ@9
M'84/@\%KM@>?-D3-&HPQE4;6Q7T,_R%6^DAE6213!H#9:S6MWBT#+`L0.J6)
M4P,!G`;&,3`P0!Q3B\;Q&@ACW$I`FGB.BR/SC%&8:A3EZ52SDR*9:G82K78K
M#B.L1(V.2W9+`,R*23OYY*2)%1FH,,EP6GFF:R=@R9[>8H7T&M96**'*C/O`
M%J%#4KT^$+MW)[4I)N^^$AAUT;0]/%7F"K`'\*FO9P)T@LFUFHMB;E>,6]&6
M3"N?:GZM5D1&0(/.<@$I"GW7]%?0OT4#\L6V$"9[YPC4G=0[,U%"G%GG=B$[
MZ"E%#3(O/C7N#*5ZI[1[*RV<<FI]4"*79@3U=Z-SOW\9Y"3O\U*F.'4_=F$/
M!JU6\LDFR?]^B.W'"'UXJ283?BUHQ,EO[CT6T%FLQ9$3`"FE=@A\C6"""4ZM
MI/(?,X?HM."#\)US3$Y,%084A`F.I4R&N5A%S7N25-(2AXO(!XQRGBEX6H:T
MM+#;"T>N`:`LO_"4I&C,M1`'E`DN9F`V95EVHY9[!/0C:[BL)9-T/%99R90A
M_M,;E3#=M95JGVT'IV98CL&E>5_%*05M*S3@U2.-I!FADHCH]%DSU`3)V5X-
M\=E(.2Q,:5!L@*R6FG1*4BHD+(^$F-*BNGER3$L0/D<61JWP%%IN3))8:$H>
MVHFI+Y52(]IG?#(BYYQRYOK=(Z;J2B45]\E4VY8_PB0)J4LU=:#_3%3)T=2M
M02U(S3@%9&LE>L7NA1-3N!D"+9$62O;8K<HBZE6Q1E8E*X0@9GLJ"S#=EE-C
M96':K')FFC%84ZM\RXDGDM`[[JZ[GJ.L)HKPY"U;>T&K)Q7NS,(9>MDD9)!%
MM>U!43P8&R1#Q4:&[);&U9C<3$/Q9(S>RB@+,0DV/\G8PL=O=#S#-S>[@/,-
M.,.L2\F6%!V$CT;;T.3$23?M=!-(/QU#L29+;?75L0R-M0L\;^WUUV"'+?;8
M9)=M-A$A-9`V"VJSO7:?;_?I-MMSRTTWW'<7%G=A=?.-M]V`MQWXWFG'+;C>
M>1]>>-^+#\[XXW\C[OCDDOM=>>.70PZX_]4^99<,&@2$9.2#9X.NT7`6Q@E*
MMII@5G7I?=M0<$G3[8`3#&\V/7L0!9]3%L\-AT:83UK#_@,SAS\![.<W1!UU
M&(7$',NUGR'-J#G4]&<\$7=LM+LILZ.D&R5FF$(''/>\H/V'2G4C1VUQ(*(]
M]J$<-!)*B'AOAE(OH(]1'H(P"R:\-XF?*.@9?1!?RLR7"YX,HP7:\QTODH2E
M8VVO%UG)TELVI`8G2<5*=B+$!^,W#M'QQ3Q2^=:V]'`+#`FI!48!A1Q6)`FA
M`&-#6.G.:6H8DSF,*85G(D0>YB"5[+0P01[<RU@^Z*3=@8E7)^(.TQ(TK`L"
MX4S#\1=&AK4;%?_9!TA=4E.AL@((*.D0461`BRX`8ZLD.2>+>.(*9JYCJT-H
MKT.'"B.,H/.++G[Q1Z%I5_ZJ-X9OP$=*?;&BYFJ`1<K08D1>A%,D+#3!7U1"
M/I5HCY4>F"M#U,<<<>H0'*O$JT%1AD5>2050*A.I=Y'ICSY!6JXDV"Y=#.MZ
MBFS0)<CHR-[<IA-J$PT<>,615BPN5X2PA1K45HF;W$)MW\(&;=(6I!=:"2\T
MNX:?ELD5ALRF`&U[29RRV38YP&:/_@H`-H092061H6VS#)U;1,>HMI403(33
MG.)T&3G,[;.?C#.<"7O0R`2U3E=36DO"_B@I03PQ1OSJSC=4I09+62K_$Y_L
MTU[*$ZLX9NJC1ZK7!]E`BC2AD3-!1*D4YV2&<V:B4M731_#60"%"Y?('"YF#
M:M00R[:L[J`N7$R&7-A3?D$P0SI]0)O2=Y5#]!00\XN4/&CT+$8E]1E*34:\
M]).MV36UHH6`"4\*IBRS\'2I3AEJ2K!E5'JI52`O:]-!UW-3J16)!\_;Q96T
M<-<=)+6N4G.B[::HO+UJ0;`Z$"9@.=?6Q,JS"GW5`O%\D+[%8DX'R5NL9C4K
MNLL*8:";#2W8,OM9T-8BH(G+)T!72SE_\C-SK+7</V';6M36MI\"3:T^<\O:
MV2J.M[)U[0M(&P3BBO:XR"VN:9/+7,`"\+G0_XVN=*=+W>I:][K8S:YVM\O=
M[GKWN^`-KWC'*UT>++>YZ$VO>M<;-N&R][T7/"\3Y`O?^GK-N*=][6]UVUK@
M^M._M@TN?VGK6_?.5L"W3?"!#:Q:`C-XP%G`KWTG/%\H#"UYG"%J8A](X0['
M@+Y$>.?.?J4#AWKXQ"7!D%%GXL(:GD(2]BC@/;:"H5`,D(@;J;%90A%C%%/X
MOZ/82*&`0607?PD8?_A#994*D3'6T!IRH0SS?,S<SL:.!R+LPXN+_!WH)%G(
ME0V%D`72CGL0<3&3*-^4J<QF&=AS'=U8C)S-\(<Y\W0=6%W#-CR&P(-T(RH/
M:?--/5L%">NWP07.&_^"%VWEWB(:P`,&LH(?W-](!YC2#H:PH#>]:4-S^M.@
M#G790'QE49LZ"IG=;PY(7>I3N[H6K(:!:27]Z@X/U--;,"ZF$UWI2>\VTI"^
M7+`9O<A=']K2R!:VIH<;ZRX$6]7$QFVRH;WK9QM[VH].=K1INVUJMUH+N*ZU
MN,=-;E03VKSE)G>X8:WH=+M[:]!^=W+7O03\GEO>\UYNLW^0O'WK^]K*]K6C
M@:UM@'<[VPD^^*][K?"B[9O=TA9XIAE>[8(OW'(-Q[C!*RYQ7B_:"V9YW0WH
MC6^S&;JS#Y>!<AI;<A237-8/KW.=6T[S58=$YE,66.IVSO.>^_SG0`^ZT(?_
M3O2B&_WH2$^ZTI?.=**O.0B@0+.L9P[:!3C@ZEC/NM:UOH`?6'WK8-]ZUWWP
M];";W0$*\/K9SYYVLJ_=[&WOP0$80/>ZV_WN=T>`#U(.08YL3B$P?T#9W\YU
MM1->[(8_?-;CSH/!*Q[MB7\\Y'TP=[Q;'N]ZOT+59AX#QRN^ZQ[?I^<//_:)
M5V[TA$^[>P6,^K?'??5I:_W:%1#ZMU7^\KAG0.9M\'(@<!X&LC\[Z/V[MN";
MO?2U9X'QPZ[Z8L]M^6!_O?/[!/VMTY[X=[M][BVO=WU_6PF_?T'U"^]VR5^]
M](TW_]49OX/Q+S[RCV>_#K2__;Q;(OPN<#_6T=]^__4[@/\ZH'_K!W^*)W\Y
M(("3)W?U=WF[YP3TAG\M@(``>(#^-X$X@(`&>('^EX$W@($_0'\+2'<-&#DT
MT'N*MD]_X%L22("DQX*IYX*N!X.S]X$AB'E<@()KU@`K6'[F9X$=N($RR'9!
M"'<T6(-V-X(@]W0[V`-+F'[JQX$VX($\*'E06`,@&(((T&Q\9SM*6(''1CDK
M&'K/!X0#%S@8Z&VK)849UP!7N(!(V`,FN#-=J'X^&(5>.(7Q-X3,IX?15X1&
M*((U$(>^-X<]R(>(AX<%:(A:5X4TH(8\T(;U-X);R'NL!H'*=X=,B(E.:'Z,
M.`..V']/Z(=_^(;UAG(C0_^(DE>'-="$H,B)BOA^B'AXG2@#D+A]I$B)1W`X
MG#=0K!B`FMB*5/B*6#>+G4>&"OB'@%@'^"<XO4B!="B,`QB++RB-,4AYR"B"
MWM<@DZ@#EK@"S:B!STB-,RB.0DB.1&B-UWB+?(6*CS=\!"<W2YA\W@B$L#>&
MH9APL;>!\N@WM9A[ZI@%W2AXO^B+X9B)]VB0KFB.>XB.R"B)I1A;1L*.GP>-
M_T>1Q`A\QKB)P<B0HUA<X">1+:B08*>*C9B1P)B'(FE]HFB$_V@%T@22A$>2
MGCB0SIB0"+F1-XF2Q]B0(_=]?E`(O$B3X%B(*;F(%GF4',F2;K:-@QAXW_B#
M!:G_D3HIE8E8E+"XDQVIC##Y=@O`=T]IAP=)E;*(E%BIE$RI7%RSE6O7E=,G
M.3M8CW!SAN]H.1ZXC]B@AOO8C[C7DIJGEL)'D3(I`Y](D#8IEM-8EC4HB5IH
M<^V&)'YY?(!)EH99C3E9E8B)A1"7!`?F'X\9=H%9C%%YDI8YF>-8F6.9E(FY
M`V?I"ITYDI%IE<,HF:)YFI?IAB6XFERHC1$HE%!)E*9YF*19CK])F8]XC;IW
M@R84D%^YBKP)EH4YF\`)G<2Y`WK)@/?7FH<XG&LIFX2)D\%YCH$X4-7)??R&
MF[6@G%YHEP)9D/M8EVW9-GCYGF<(7#$PGC:8F5B`GJ'9_YWMR)TUZ9W269JK
MM@+V:7\CQY3W!@[Y51C+69+[^9]3&:#"^9T+69N12&J"R`/AEX\/.I2IZ)\>
M&J'\.9K4:9Q9Z&9&X!W`DPN<:5P-.I,=VIL`.J*T2:%]B)J8"02X1E+/8`_7
M@0B"DX*F]:*"V9S,&982"IXVJI(X:IOH1H(R,`R'LE9OX9@PZIM+2G[:.:%)
M6J%9>I7%F8[I(1`,`VA*I0OZB:5=ZIJP&8U;JJ1KRJ3A^0(%>H0+>@2APQ!"
M!'@F%G('\:>3((&`.JB$^J>"6JB(:J@;F*B,*@`8V*B)^JB06J@$8**,Z@F3
M>`J<X2?$DSY]BIU:^J7[!Z(R*O^B$$JB\V>B4/`I3G(3LT-5"BIKZZFF-!J3
MI.J<,WJJ-8H##%&G=7>B'U8**@.K-P&4)D2DH$FKNAJ=M3J=S2J@)2JF4&`R
MTI.F']JF%8FM%RE^)OFL7)JJTJJ:/GD\H)IUGXF1,8JKIAJBJ+JLSGJG=*JJ
M.GJ6R5FNHXJMY\JM2.JM<,JO7AJM/-F8^6FOY_<WM':7F-B>]/B>"'N0<,F@
M^K@WS-8"OIJ,N%B>^)F65WJM7Y@Y\8A]\QB*#PN?QCBR\WF@%"NOP3JN1V"M
M_8FOMWJDS^FO-VJAMC@#YIF;`(6LZ*JL[+JK-"NGHNJF81JP8>"R$PFSVAJS
M#CJSNDG_BRH+!D@;DF_JF4R[L>M:JNU*B15[G`(;>'\WKY."M4E;M6QJMD(;
MIT:YM$T:B2Z9"`2;K6@;JFH+IG4;FV2G`'J[MWS;MWV+?/)E0EW+EQD*I;,0
MMV.7:E_XE@PKEQ1WB2(+LFL(6B?G`H.[E(9K7K&6@D4:CHK+7XP;6X7CN(P6
M-W4IN1PWB9?[83F[LE;:N3ZKM53+`P&0`+9[N[B;N[I[M>9&`X/;ND.PC`S!
ML_H:NW4PF$:SND?[=+QW!,2K!<CK`Q91490D<C>@O&$[L4H0I,Q+!0FP`.`;
MON([ON.;`%83O;3[*;MS.[#:MC?+;TL0D&#+F.F%OCMP!W^E_U3R@!ZX%A+8
M^P5U5K@H9K\Z4#VJHB2QBK+Q&JXX2Z\FM%SRNW>S=G%BB&TG2,$=VSA26,'"
M]AG7<0U8%<$V\+])B#;`"SL$G`/#X*.N,;8E:(4F>L+E*;Q](P_1T!$-(<-2
M8`9,<0WQ`RF\ZPI;!#@<9H*_.UQOJS<BK*`%%'+\TKY;PWFC81LI`<5#FX!"
M8,5Z]K0`FY68);%%L,1*Q1"V8`YO43R^MQC18!K2D\45`2L"(75!D,(Y$!TP
M@,9=K)2JN8WT176,9$_&D<`A%A4X84%,AJ=2161$)L9D"[14`&)M0\*N"[]?
M&Y'9>QJ1\F>"7,DV8`!DO`A^\AD<UO\+N2#*MO'!0D#'31!KRFMOG\6-W1LI
MJD$N"*%-11`GSS`3WA'+.C`,?;`63F&],INK1O!PR]7*.JRSG;P9.]6C>'QI
M<W,*-)-A0E&L'6<X;M!HGCQLBQ.?HGMQ2```"##.Y%S.YFS.!\"ZJ,:9VBLY
MRT@O2&`?5(4KO%QBQ=,U0*#*)JQ>C$RMS]P#&6+'JE$/_WR\W?H%]"7`[0R\
M+TF_T_IT6IPT^HP$"7I?(":DI<7%?.?/7C/1$<9WGJ;0F?NZ&<VRHK4`?IO2
M*9VO\97,[%QSSN;2.(NBE[R]+ST%(@UJ_<:K<(BA1\`&,X<2VT&E)+ULKR6V
MF\-QDVO!95C_NDQM>K3V!/&6B\M%)-?@$VC&'?)0U.V,<3"]7@]L6E$'>#*G
M(QVT!PS!R#+]U?-[FT==83<P<SAW(&;:I_<PJ7B=UWJ]UWS=UW[]UX`=V((]
MV"03"[K!4UJMU7+LP@]9.6Q=!:O2#W[FT#LPUD$]$$)]IAK[U:'A,1@A!3G]
M`G0V0]HP&E$0T?S!U9B%U,>59G)0Q?T1:#C=DVA`I7Y2#8K=U;0],M8KVYO,
MR::V98J,U4!<S%%P!VL!5>^$VB^L/+@@.(T6V@NJGDW-P6N8P5%G/EHR9-7=
ML56`OV,@S1(2B#2-L7!+V9\V<VD0T!E"6+/-R<1U!\J!U7DFS3.]_[W_]ML]
M365R/=_-X,&Y]M9Q?5:]D];U[-A1P,A[K-O(-52A(0<,P=Q/NLJI':4%;=)(
MH.!?S.#'-<J;;=SP.J"3W`_H(,Q0`,$'_FHK,S6ETV^4"](^G0,:+N`3_M@T
M[G`N[<>O+*LTM];-'38!N=,4_M0<C(90;6T8''$?M\XZ6MX#:^.%MMHC#=K%
M?&MN0\.-C6\2)MWM]>$8[M4*#.5M7>-.CC;QF^)(K,[-*^93?N,-3-7`W91F
M7N9NSN;['.8(WN8;#@G+Q&HIY^-V#N8<GK%HR<6JS>.]^VE<3N9COKQ)<[`4
MS,U)WG$9O$AN'>(UC>GU1C%H'N@\7=*Y1/_&UJSI59[FGL[H(B[!23#C-&Z*
MIXZYY+W?GY[EI_CJ)RXVB^[EDTQ<N6[KXCKB6IGG)_CB:U[G;0;=E(OK.V[J
MNC[D-TYM2-[=2J[4U&[IK>9OQ6[H18"@L#SH5V#DU'WD1![M4&T)O0?H.(#E
MYHW>+2?JL'[BL1;:!JZ9Z'YJO2[L0_!RGL;J@O[JLU;OB"[K3""_T/WFY7WO
M)6?EP*ZY5A#`]8[PH@;P6$!:_+[*$H_K@9OHJ0[`G6[3/[Y@DW[=1%[I2I[I
M[77"#_@YA:OO#MUHY3[R,'_-LV[1[X[O:AZ>%7_Q)P;)%9WGQFR>^T[B:LQ3
M=(`Q"@[Q4.[CX3;_B44_'-^0(QEVZ`;O[?T^I[Y.Z'J>[5@6JP5C%H#W6"ZL
M\UK^[3HOUU!%0GPJ4\S+Y5/M<F"\[:#=NF;?=RE19R;6#H2=]WJ_]WS?]W[_
M]WN-QN<V]_;C$S@1S!<K->".NI%N<=*^[6)?Z#@0T.]4$&G0)<8^\U?/7(%V
M8,7-\*#_Z^J5T#7.ZP@:ULKC"OF>C3</]YM%^JRM[49]Z3\^7_F]\/F>\#*-
M]"[9NEONW5B/7`@_B?H>^7&O^36OZ%LHP[RO];+/ULL_]6?^$`71)]7_RV9P
M.LGP3]*]7#)D3G&<#?%S(*&S%A@AX32U$V=@0)&B(W%@+[,SUB"_'9+R_RWJ
M1#/N+T]*L4Z>#`%/MB8?M0T0'BS)..`1N,H@QB<P+'=ZMTX"!%<DS0<=.?`%
M!FD%3B$`0!4L2((R*0@44`WB3YBI7%\8F%8(4"$EUM4*1&@(D-#6@^/B`L&T
ME@>4M;O3:]:8K!5H*[$PL)'((PA04]OQ\[((E!A\`%"RL&M(7!QI>WLD$?RI
M<4%4K.%T^[P2*!@)F&&])%$J4$L!J:U5W>7U(ONY(VT!!MZ9?/S]`#KSJP`I
M_+M*)+39\+A)=1NM@5:=EB@,C&;6K@X\]KTVIC3$!J[1*"$PC-/*JERR-&@C
M-*"RW?"@5A,T67H=M&<PVQB&+PIE\S2/B"XA!O^3D5`!J8<C-ZR:M--B0-VH
M$NHP0MQF8"+(*R*I3<QX\ETUE1\G*'0XTMP+1C/9"2CI!><0`<Y`L#*)5"!`
M7#:BL$2XJUY+&VDZ\>QDJM`K99\>6C7S@FLFK5"L1/O2AJN'AX>`F8IT5I68
ML`W=CH$[K.LCNES9D7J[:-BUM@>;;*CUBH@AQ?,00Y$R3XV1J)4_L>#@<N&L
M#O("9)KW86@0S`1$-E;1&&@'T.W0?O%A`P4_U9YWI-C+-_;>VC-XY/8B(_1?
MMXMMHUAMNC*+`JTP@KFF!CH["D<"'`%@TO)V(!5>#>>NZGN[T>&%X39_^;?4
MJ'C6=[=<GO2&C/+3W[^'<%E[/?M!1L>Y+@/VEM,./R$"'#"_J!`TL,&*[*DL
MCO[:^V_"*Z9"R"`--<1"0`\OX/"F#Q4$\4,)X4C/PA(=%*H\%55Y\4069[Q0
MH1=IG!%#_VZ$P\40>[$QR`>EXE&"`8Y$,DDEEV2RR20?<#)**:>D$DHJK\0R
12RVWY+)++X^T\DLQI8P``#L_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>20
<FILENAME>u49135u4913519.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 u49135u4913519.gif
M1TE&.#EA-0';`+,``+*RL\[.S_&*3]K:VYB8F82$AJ>GJ&1EF>;!K+QR2>CH
MZ=34U<C(R=_?X/EE$.#@X2'Y!```````+``````U`=L```3_\,E)J[TXZ\V[
M_V`HCF1IGBBFI&SKOG`LSW2WUGBN[WS?W[Z@<$@L[H#&I'+);$J0SNAGL9!:
M)X/`]6DI,"@`@L?+*.#"&$!A3?B.`*=V#SXDT$^!0MLMA3Z\8&(=9&8U:!>'
M:E4A"P4#)H4[C8]"=BD&!@]E5WZ`$X<<A"4#F1R@%:">/`R";WP;I#ZE%98H
MM1.S)P"O)YVO:)@$!9D+PIZB#Z1K!I1J>@_.!`,#P@2997J/RFP/UJB"90$!
MQEH`F-G0W.,2XVMTP<,2T1(&<`8$UF[;S`]Y>@MJ\`4`0/`9-FG4]!A8UPT;
M@VUPQ@5L5PIB/SMKM!C0TTH"OF7L_\A!.R=-'DAG#`@^V(BO0KL"</8]\D<`
M(,>!W$CX"M2M9B,&*=-)0(9O6LLR7^``6$`-0(![#`+\7)EI8Y5[T.Z8_)@)
MIB8S:AYZ\](`SJ8!7AO!P4<%$%DZ-;L92`FH*#4QF#0%*+-K@!H`?J=B>MIF
M;R$]94E)R[,`:;<"4@'=RU*@L=?)87D55?O'+%@OU*Y5+L:@F`&`TC+3DM:X
MIU&\UPSO:O"VQ,Y/8FK5\GL8J)D\E-`^S<7.:R*8YLQX.A4(Z$SD:@8*0B/,
MS290FW2O]=3(X[N%CB0(_SMA>:N_R:&!ZUV^WM]-ZKW_<0\3_B;XM+[G(1@]
M46X[8>2FE/\8^$W0R"+]A)<,9.0-Y49U)MPFCX#RA;&1@_=%\@<K6HUSSX`F
M`074AA.FT1%2(OHUW73Q7-=*=G#1H<8UI=021H&`E%&2>9^0,>(A\*E2'U"6
ME=@-'$.69I\9!4Y@8QL^/N1?3R)J80D:37Y%`8Y?Z/B(*C/:9D%+XGFE'9:]
M!6F=&5B5]\65@C`F015DHL'4-Q5XE8R*)3YG6(*+8*5=,@D^]2!<7:U)*%I(
MN@&*G`]4`21['LU29'Q'RF7@DEJ.B6AGXO$9GQH&9HJF!6B]XLE9"S8J7J$Z
M6="('?>4=*87&WV!S(P;P3&K.67,-8QE6/6*U:S5_-$1IA,$>^'_E,-L-`!\
MQD*6::;1.J(@/F&$QZN9]=1E#4$=&4O@,%`Z.$$>&/EFI"7L9E;(60J]PJTP
MCS@+UHK)W+L6B&CE0\%&]63R[5KAOCENMI2(X$<R*3FU[B)29350E]/P`1!@
M6/#7`$!`<9R2=00UL"Y06D15P0):N$10%2S/J<5`2T'<;,GL4%P%S4S=,2X`
M)L])$"4;ZS-TS%OBK$E?UC4<*4%:3"MSSD)+++7-3P--`<U:L_-RI"TC[=<N
M5".]<=#K0ETUT009#1C/8FXAMP:WS&VW$@_?+7?=>O<=1-Y^2T%VX(3S`'CA
MB">N>`B'+^[XXY`W_D`#:%=>^0248WZY_P29<ZXYYI][SKGEH(]>^N2;HWYZ
MYZJ+WOKDH<-NNNNLHRW[ZZ33GGKM%.1^.^^S_YZZ\*OO;GSQL=O``?"XQ\X\
M\%%53+SNDP.=>E#49S]]\\'[[KWSO8,_.V`Q-R"BRIQ'_)`$I7W?O?C<:^]^
M_,_[[OH%4)#B]`[K\.W!7!?HE=X&AP*5'((CWKC(,+KUA6+L#W(1JH#^;*<#
M.?BO`VAYH"JV0`GLG8`VCSC@*]"2B^BL1"L0C*`&I#>G];5P?U1@G]/05P'X
MW&(O-6Q9/_C@OPVZL#'[RP+5+@!$6)3&)568%H(`:`$<KDR'2K3`E$C4(PM@
M!3@I1`$4,O01N/_HH1`LB8>RA!$@0+!+C`,3A"420D:/)"N,)J'%&E)BC6>$
ML48?L48;*W#'H;#!45_T#`._6)4U>&&-U=`31^(Q*SV51T:"6*!*\E+#PZ`P
MBPZKY%?*(08US"0=)N,,($R8ES5:BP*#:E,9+/-),[)/06Y*Q\S4$$IP1<HX
MRZ+E+5VE"!+EX2L1J9B:Y*/*RH#J0(?0X8(<%4GW_,L"-B0.)D^G@2TR:5YL
MRL4MT)"C0G`3'WM\I'Q480D(I>,.CJ'`*%NQ30J1J$GMI*(==/01=VU)&.K"
M%@]=M:&`*?,KS,PG/:1IPV5-TP*LJX`U.U6&!M2"<I8P61AHTR5O$H#_-G#(
MG1CM0%'4V6@8E-.1R9!2N74ZZ0[4T1I9-M&Y>)+E2)`::0$RUQ12R;-10>,H
M(#JJC"\$+9T3W1#:/"DZ:Y@,'_.KW?'D!S^E(H^IF=S2-5^9CN"4X1$8?:=%
M5U(2I#FI1O98#Q6J<)]E=DJ=27E1>+):BVY6$JM>,:.UQ/@0_)R*1$WAZBNK
M<(RH/*)-L<34!GNR"&50XH('59Y4&6H&-DJ&D.J"#QH<^\\V(3*0"1)&5Y(E
ME#RE=6"0O99;^1A:-NB)7?C$3[#:R)(PQ"21=.AK0`:;0!%*D"750-!@$^L!
MR:WLB"_\@!-7!LN346!:.AR11WBQ@2**P+D;_W)AL_YIH)110AQ-9.YO$80;
M$#AGL;R-:A+J88+N"&&W23!F"<@;7L8M@1H/_``!J+L#]!JA&"5@@#3#RSP*
M^#:A,XCA"(0X!.DV(0#Q[0""V^O4^TW`MQ@`<'LGS%L*NO<"%D;H4NFWX:1Z
M^*G;\UZ'FSIB$'\8JBBNGXG#][X6<QC#*D0HA6=,8QE`F)HUSK&.JRD/_OCX
MQT`.LI"'3.0B&_G(2$ZRDI?,Y"8[^<E0CK*4O^;?Y65XQUC.,A>TS.4=J]@"
M-^ZRF!,GX0^$6<-C3O,T\W;E#7PYQ"Q^<8J'=V(XN[C!=I9SB$NL9Q&O^,X=
MWO`+SGP[-1M:"66.5?\&%EP!VR%X(4M),`86<)I#6WH$B1[!X;#:YD>T@6,@
M(."E1^V#P^T".>P;UUQV\>E=%*PSKG;#<"3"/DR,S,>SK@=W2<WK_F;8U*SH
M!OMV06Q61\R`_2M&R]0X.%JUK6W";DA)>'UI/+?YP1I@=;1OK;Y6ZU>_PMX#
M.)[MJ%UP"-KJXP^UURW>1D=*B"T;`%/FS10$4R%CG[3NNK1P)W;P>ZS7U8+Y
MV.WEX:6`T`[.P)OK[.<Y_QEW?%XX_/(L<1=3/.)T)C&(<8!P@GM<;A"^]L='
MCC>2FWP(F88QF$_.\B)86.0/`%S*T=SRFL]`YAE^L\T)+F&87S@&5Y[?Q1__
M[FN-.UQ^&"<ZPXV^9Z4[/7@1'K0..B?TI0.:FE;OL_.2?G2M7QWI3Q\ZU',0
M\IV;700^YW&CTW[VG2?:=A2T'[;7WO:Z*YSM<2YSQS4P<[O[O<HID/O?Q8SW
M&$<]PH4?O*7[;F80,+YW;<YZT;\N]D)+GL^5OSS3-4]YP7.<!X]7/,E]RPKZ
MBO[C*4\HVR4W#FJ<_O5NQI_*Y9$4[>[P?+C/O>YWS_O>^_[WP`^^\(=/_.(;
M__C(3W[P=]W;V4.C]AB`3I`-D(#J6__ZV,\^E*F?_>YW'\H$\+[XK0\@)X__
M_,YL\OG'G_XE&^``!8"__.-/__G;W\@8OK;D@E(2_P`+0O4/@``.,(`$6(`&
M>(`F((`'N(`'*``F(``,&($$Z(`E`($2&($(\(`7B('Y=0`>^($@&((BB&GZ
MMSP?,G8&Y3D*N($+F(`LN(`42`(K^(($F($52(,&:(,D8($X.(`Z*`(,(()"
M.(0QL'>HI`$SV(->IX(].($/]SL\V(,"4'6A$X4XF($+=SE62(,ZV'"W$X1#
M&(8?&'0&MP%&Z"1(V(0$Z()J&(,CD(1<J(%J^(,BL(4O2(?>)89Z2(:*%@=I
MJ(8.P(9-Z(9U"(B$&`)VR()X"`*)N(&+Z`%@J(=$"`,/4W@I.`%P2(."*(6;
M>(5RV(2/Z`&->(&AR`&1*/^)(QAGRY,!E1@"ER@!F?B"G4B#A\B(AOB)/5B*
M'#"*$JB+&G"*J`B"[N8!;28Y`&@Z8I`[#1"++#B++UB+'\",I(B+GGB#<]B!
MP9B*4F<+?ZB&SLB"T"B*MVB-H$B-<4@"P)B-!^!X/G>&'M&-3?B-&QB.'2"-
MO6B.=XB/BHB-ZOB!19@"KQB`@.@`7">0;9AY$L"+$4B!%8<Z"LF`"%"0#[F`
M6+AYFM"/PLAW5J90``F/2E@"]KB0\CB-Y)B+^NB(_(B1_\B-&1"2$3B2$DB/
MNSB..PB(OJ@!$WF`-XD!Z9B-R6-XJEAH8^*1.`B3(@F2-GF2)%F3UXB.&.F/
MF*;_=JN8=ZU@82[)@$;)@#*Y`3EI@%N)DTE9DM4X`CT9C"10@E').559.E?9
M@DAYD&]9CF)YCDPIEV3YE!Z(>,.H6'XH8P;IC7')B7/YC$IYCX.YCTZ)EWH9
ME%)I`@'9E@C8D+`#F048@U3(.919@Y?9.EU9@%@8:*#3F35H8M>#E^M(B1W9
MD@.YA)-)DYO9`*(Y@%,X<;D3FP[PF:09FF'9=*Y3EJCXDW&SEYX7;1B0F6L8
MF#CXE:K9E'5IDH>)DHGYE,#I9K\6>V.'ALL)F#)(DR-@F\J)`;:YD^"YFT!H
MFB:@=ZE9G*N)G+3H-^%9F!P8G2KI>'Q)@L1Y`<8Y@%D)_X/N29Z%R)SEJ9BS
M%WI;UI>6]Y?QR)Z$V3?O^9Q+&:#2B9HLJ9Z`N)\-V)\`^I]V":$8F7@<0&@6
M]I@#R7!!DY\.F(5AEW50:).O&33O.7FO<Y$"NHT&BI_KN9UPJ3<-VIQCR:']
M>)[5*2O]T$%^]4`.192:J*#@B*$;JJ'.>9<S*I0;N7(UE!)0@5'V@%`B6J%*
M.H],^J3=Z9]Y&*53:H9#F2]KT2S,M:7:^88"\*9P&J=R.J=?VJ-.:J<?8#[F
M>7>05Y^1,@MDPRU_.B:]EY\.H'R(FJB*^GOAF7R->GP`8)J^QWQ^BCWXA9T&
MQ:8).FH[&J89.J812J->TR^XI_]&0YF=FWIIG7JG=,FGT+2G:2E[M+`TNC8T
M2]-HFJJ$DLEY>19B-4,V9902NUJ%28FBGK.C7K@EL)IP"L>*4D2I]/!`N5J4
MA=,`I4!`YK`2+3"GW-JMXGD!JSJ5,AJJ+O`P#.!4!#:KJ/J1A(,]!!07HE:G
MK1H"OBF)Q`@"[GB?KV.H+S`-Z1HI`/L"@S,XX':KA1.N'U"O>KB8FI:>-LJE
M+9`)>E0FFF![)3"P#](R'D1J>DJF++!W:).,%-JF!?0%GN818/0"[MHR*&6Q
MAJ:P8HAV91AS#FL!_!JQP8$787`5T+I>&K!?EP:S8;B2-6JS-YJ><[$QH^2R
M(X!=%^#_M#``&(+*"CYQ25%09D([B3$*E,RZM>^XKM3:=98S'4D+4?*@0[SJ
MA6D;%`MPI-(`;KG0D,SCKS[U;@&K9]<YKO/IM7GKK'XI7T@JBRW0%_SA*%^;
M.#7SC@$"?2]@,%A!M0AFM?+YHV7JI\Z'`9=(.3?+`K$P:9+;-^>Q%A%CL(/+
M0\)&:2LA:1V`-EDKA`S;;H>G<!UA.9O+`HP&38X3)S62!03RN23`#YIBJAMK
M`OY@2,9[O,BK(2V0K].:I.OF%'=A!QX20DPK`JW@>F+@>L,[-_TU=T5;`;7+
M:P#QLS`P'<%6,%WBNXQ)G3D0I.RHKB.;JM1F8%MC>B8`K*`V_[#VVP,$:J83
M^K"`V;^GU[D8`+12JC>MN)<7T+R"FW<9UWD6F:(1++83;&V:LV"D@V##27,9
MD`4@8R#UAG;XB@)'"K;."WM68#N9L!?SM2`:H;I\VWS_2[M'B\);,!!.8B4:
M:STV5K/@6\,VO`,$2C;6FKT<00\TP+R!VXQ!S`021D!S$10`M"R/YWD=9SL,
MS,1-?`5D4P^V$@;38,`')ZX9D,4;N,4T,',BA[I7PS[#EJ>PV[5EO,1GO+5J
M6\&@2<$0+,%[K,=\J\:F(&EB3#MQ?,!TTV8W"V!WW,?&BI!][,BLR7D"S`&[
M1E,P;,@RO+I79L87B,9"[*$<C&,?B_\J43&U\]7&1^B7X>O)+@?*1(L+TT('
MK==)BQ"R=-S)K)S"(=!WP^D'!'(EM8?#M\/)$IC+NIS&5[9%,7%LT)>IA3J0
MBQK-TCS-U%S-UGQ\/=N8MZH-G]8-)SNK9;;*QCP#D]RG]/ESXF$P`L%5OB)-
MQ/R208?'\NS'D#RLC%R0:V9%V;:FMUS,XWR69*R1S7JYH[PRDNL7[I:")0K$
M_RRS+3#)Y0QXNXS%_?R2#<U?TZG$)MS`%XUEQL@!_V>5#-W1L<IWKIRGA><'
MQT@WUUF[)WW1+VV=Z]NW?FO.@+O16IQ_)"W`)PUW?XO)F>R8%8V5KGJ@]_R$
M:4N;\YQYF$?_=X$WT/?*M2:]P"HGSB0]U>>,U7_CPQ1@U5?]T)4+UGUKA)GS
MSD3]U2),TUMP.(PGL@`<C]V+UH'GRCZ7>!H=O^PJUS-VUV^=UWH-U.V[F!%=
MH)I,U3A=QP*]TVD'RH/=AT+MU%[-L"3*QWU6D)/MQSH7V$(LJS;M`6;MEG^]
M.(P'LCDUU*`=VEK-OJ(<UN4:T%1]98:ZP:B]V@\-<Y/,UT8+L:W3V+--SAZ*
MVS^LVZ'-TR0<>:V-TH:-UV&KVD&<:8M=TC*-W)Q=V*<Z.YH[TN(JMYB7U!;'
MW94MRKQ-C#&=VC7]V%`7V8FMW4B]U"U*V8T\WM0-T*_;L$4MNZ:-_X"]K=77
M-MCPK0)$U!C.@3+3<#J?C=_Y?3>_#4TA<R&HME\%;H#7&=XF)^'177+PJQ(O
MPL^'C<O#70(Q3>&K#064EE.>MD;N_,R`>,TJON(LWN(N/JD_[=])TV.IG*GW
M#>$*?."+`P7"'!<+?KC8*6'H+=/OS=Y;Y]YY7,_][>$OS=N^[,;)8*O;^^`%
MJ-<$ZGD?+MV-APH(0D'`ZSE4?IPPW=FI-YW\F](7P`>VDP6\H]"PB-UJ[7?[
MO>1U;3A<C8FK">(V7.>QF]BU+>/?V]5Y_MP'GGAX1^C^ZX?AS-!+KN-I3=M!
M#=XL'<[=6NEQ6MPUU^AG:=N:SI$Q#M(8Y/\#ZHUB2K[>1]UU71MZC-?IQQWH
MCOY!K`YT:.[0V-G9,I!S?Q?>>D[08WR>^OKHMI[?3<[<,."^?3['-;#K9A?1
ML>[44%W>)1"0N)L2:$I6KSYU?%@#2NS<$K4QV3H7G;2_*-SLB'-CB2;M1P@U
M[(3$KAW/+8?KN[RZH#?KP1[#Z#ZJ\3(G-?("<&?91X[92>[=RC[3.2['Y-WK
M@6YA_/?-<?'KM+[%=4WN*RW5X@WD&H"ZYI`7'_(F!<_:XP[IO*WJ\4ZES^[4
M]_ZU,3,M1$+`'5UF`U^FC0USC>-STMXYRH4(V2S;O?UR\VWF.EW(UAO#K-.S
M;5OQ,3SF</SS0G#_9AEV\K.MZ>2N`\"]!"\7]=5ZZ*`'W06=\$\]\D9?ZJ0N
M\`\</PSFYXE.\#+F]+S>T*ON\Q%NGRY0C*Y=W=<NZY^L[?ZFK?+`#Z6'RK7^
M]<Z^]G./UB]?SC>P[Q8S7](0[J?Z\FQO]3U_!`9KJD<2S)=4\YW>[Q/N]A]T
MYE+7;%\[3\_WZ^;VXJ9_^JB?^JJ/>Y0:URL`^BLA%@OO\(+_OD"G]&)OY)TW
ML_)^[,<\H"6(/8)P%QIA":A+TVP'^?&=^Z?.U#6W`M:JBK83KW!O\(&?U80G
M<CR-Y>.MR'@/#=DL'NH+^-=?[[">8VK<Y#GG[D=?\I%ON15N_NW/Y'N._^U.
MD*]Q;O=*3VU1#P'M35KMG4UBWOV?%'`DRTLK-U`U6_>%8YED9ZRV19O#=_\'
M!H44%*\W1#Y418X.QL0`"(;`9`&H,`C8!\`P>&BK$^XH8-A.M.4N@?$(N!\#
M`[?!&"_UDW.Z(7V3H*."DZ,#V,`C6JJ0T)++L(O["B,(:(A[(S.ZD"*<,*@8
MK,J<JYL@F)*Y`EC08``(5(LET[P"`\A=\.AQLMAS,;0,8WLC8(V+&R`@*V@\
MBMO5"GLX3ERN7D[.A2O0!(FNG!MPYEN(R[:TY`[P)O$".WU`HV`8R%5F)M#N
M*A\1'L.,0H!S^K2MPR(P!H`"J0K$FE)@5R4#$O_1N&E'+]6P%KZ`G*&P@!FL
M&E0$;GD3JP^)8Q0^?:+@!@LL`A)J3OGVH26H*M,:R21VL@%.EA68Y5(XBU:N
MF0!6F@EEA=G0$T!IHGKP<`"4#BP:/`0E<4*!,5N_MJ,I)>NDB1U_L`A0!ALL
M"]A.+F5(`.P-%4D)8<L2J^E)AU%!^*U"KT(LNE>K%2X:DT%#LD;_I.3&H*)>
M.Q[B4@"<M%9CM=7"^.318;*FU6TLJ/4F!3:LBCE)>!QQI$;+/TTM$#)@#VA-
MK)S4A,(D$.:<?=@@#M!<BT3T!R+GF!X8RKD6Z%%IC0A^/.9BW\>.:E)X).9$
M;MBS,^_"7?-6]S<ZD./_PG``N3$3^&?5K(Y]Q*J&C=N02"X5+NARJ:$O4DDL
M#534^VVCQ!ST3R^45(EC'^E(N&@8!0=J:!T.4P$C/A*62862XOI)99XT/!GO
M`Q0ZE-`]3$J,Z\1]O,C1A;PXJZ:`O8I\2`JR6`PEHK9*P,T'%+18+@G_T+"#
M0A_H"-)*J2#)[04FJ.QOD1BTM"".AAA8@`$W)X+NS>K:LL6>%Z),`4TX?O&J
MA1Z8&&`BKKK2\[XGO0PIQ3"5*)2#,A'MX`K;5E!O4`RB[#,(2RVEH5'CF`!&
M"3,S&%54(DH--=529^#T!$CY@E7*7NP[]55(O?+45B!:;>3,KE:EX1EA3_`T
F(]<0%$`V66679;999Y^%-EIIIZ6V6FNOQ39;;;?EMEMOGXT``#L_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>21
<FILENAME>u49135u4913520.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 u49135u4913520.gif
M1TE&.#EA-0'O`+,``,+"Q9B8F=K:V[&QLNWM[86%BJ>GJ&1EF?*$1:*BO='1
MTKR\O?EE$,C(R=_?X.#@X2'Y!```````+``````U`>\```3_D+Q)J[TXZ\V[
M_V`HCF1IGFB:26KKOG`LSW3=L7:N[WSO][B?<$@L&G?!HW+);#H?R>=)T6@(
MI-BL-!D86`H-SR#P&.>Z&D6@$%B3'^",>8.NQ%MWG4*A[4,M=11Y&V9S-8$6
M"@5>$P*,@Q6&&8AP87B6.@8&?EI<C(*8A&22(@J?=*<5`9L8D!2D%Y2N)K.<
MMC">7V%=!04+#P"]`6&%;\%LOP]JO0O+OLK"OP.]K,Z+P7P4BJ%V8<Z,T\)7
M:P6LLN3)`<<-Y.;AR>R]D.&CX@^::P,+O=YM75?TKAA(-J:-`GSE;@G)U0V.
M`0'!!"S8-:KB@P9Q]E$4H`!`@U_[_RZN:J!@GP(!`7ZU&3=`S14*&"M0L5))
MP")H7L:<7.5(`$8^LKR8A!-`HBF?!?B4@UB`XTV;H8(1*[/3RTJ,FPR0P5BE
M#5645G,.XVE0$0"%/AB"JC3ASD&+9E91T&HS&P5'!2;4:3.@H**7E";\G;LF
M#!A#P<H8RSM!Z@-9EM`\J^#XSN$W;.>RDGFS3IR8,:%E4Q3V<1AVCQD%1EM#
M;5O#EL`(P`>73*`QH5^M8KQW6!4JC%-GN-GP,LR\<V("X+4KU1W)F)9/@_W:
MT"!$:K269@LZ.)CL:-#LF[9]->L92:8Y>,78<@--BN,7H_`OSX*MO!F%%`Q'
MM1>[[)VUUO]W24V@57R*#18'9`_8=)9;3;'EWC:O57#@6N$]<EI>H6'DH'!H
MJ#&`@'NE<AX-23BPA@%C3.9>&^P$8(I%*'6QTCWE#,!B`0`8$`=Y#_$E'AOY
M3`/@!--T$0YU/NI8()!@8-179\[Q\L8=&"U`7F9Q^-C&((IT80!6P1@@8H7=
M:7)3.66>&<P`D?EWH@Y1*-,7`"]=])(5CDS4TA[*V*6E@(+UQ8>6IEB":(.#
M5E`%28YD(-&=V=!TD3XOE63H!`VTI$^@%G0Z(DQY=MKI+Y9:ZE,5>3:BY0(<
MC0C``!Q5>H5/%_G24J$`S%KK8T0V!2BH<]I09['(NI#;!A[J96+_LBA"*^T+
MRVI0HY-'3BO#L=IV^X$I(,S:C+>MD6ONN2=RB^ZZ["ZA;KOPQ@M$$UY8&@(`
MV1::+[S_\3$3J]IHN2N2\HJ0Q`+)4+#>!`XL_(###2M<`<00*[R>`0^&$3'#
M%DNL3%$=*S(FPQ63[/'#)7-LLLHHG[SQPQV;27''++^\,,8JYD2DC$BRX23(
M/:9L,\TPKUQTRT;/7+/03)]\]`<')]P#:IF)P.(%L&"1IYDJ4(T&*4;>Y95I
M!1N-@;JX.@H@21=8,FPC;,>B(4P`4O&23Z-%&`EFQ"K#C3*W_JV-X(EPDS85
MVO"M=MMY(BZWLP@*(K5HD9>]@2<J?@DT_QLWA;D&'TGFX\8$^ZPQ.85L>5Y@
M,)^'2=QDG`K3WQIXNO$,1E^VJ+?8G*,J#\\H$3F.5N5XF90BLL>A.NC!\F%\
M(L_IW%=+S0)2;X&67V[]8U?^0IQ2C/B(8$***.5-<(UY9UCX><D5ZQO9R+5W
M6UO=LQAP`A6P'H\67(A-:.*;0WB:PA$2B65`["M#A.##OR,E!G+D,52U(`>'
MR67/`KDH4?5RU0T!:@AW7PK%-$"QK"BQX59LL,O8=%.A%J8F-![4!7W@Q)BZ
MN&%TB,#+`5]3PDZ]H1#$B41POL:W\EW`1<^ZX`0RZ)]E*:*#;_`,2;"'-?4]
M<2W+X,-L^,<]"__,(0]YZ`(,H^@<3(A1??*;(07N(YW($0B*2'H#[KPXQ!T*
M(A75"R*[7J8]593'"\2Y`G%&&$,)L<)>N7I)'`;)(6>=Q'X49&'5+O23,4;2
M0'),"@SS,A1<!6)!!Q3D^GJ&(#.$`2J.TAL10Q5$*36B%N0:V@JV5Z('E,XK
MRT.0%*'Q)0N@,G7-`];G2L=%V,71A<$S'0=UF8IDWDX8=S">2C[1!B_M@7/`
M_!+H?D@&SBGNEZMD)>=:245O\1$$[VI;`QR&+Y>ES",G@\_*XO8PN]63)`U+
MC-*.%C$JR!)I_'0`XM9328G936E6`)0#?'(%B+4SH#"QQ,OD"5&54<'_+A<S
MP#__6=&.[O.C1-MHRDQ0IW/FX(HF&,@0)J@$E)9@=TJ\0$D=Q@,MF>`]1&"I
M$FQ:@D_%=)9,()P''CF$M$E!J!U`:DS3^=.F.A6#3XWJ3_=9`:;25*I8G1--
MJ4H!IF;UJ_*2@*BF1]:RFO6L:$VK6M?*UK:Z]:UPC:M<YTK7NMKUKG@UT4S!
MRM>PAL"D?0WLG+QJ-L$:E@=7/0%A#\O88J4SL8V-[!!`>C;)6K8/E)4ILY):
MDDTHM6V;N>QE(8O.#;0*`POU88-$H#C1NI8$>QW+R,J@E?N@1+4RTD17QL0B
M/CB`16:*)L;@!*>4+`"X:DA89D4:TN8FS;D`_V7NTMQ)799Y%+K2?=IRFS;=
M[D8W6AH8!G&19*KBXC:*Y67'%<#5$CF*B;BH8>]!+/C:>)&V!.H2;Z?("U_Q
MV@8`@RHOPL*'4\P,8\!C,=![.M+:^L+KOK#=P$DF+!B.6'C"_KJ(%B=L5(8J
MXRXTV0-'X+;>?3F8L8\]L8H1"]G%KOC%(]@JT33@X@Q`&,8.OC$':HQ:'/M8
M!7O5`&"MN]WJ7M?(1?:NC)_+Y.\VV6;</;*3HQOE)'NTRM#U;@MX_.,NO\"J
M.O:RF$,`YC&+.<PW,+.:.8#FPBYQS7#NP#F'7%4ABZ#-<68LG;MJYQXW.<]/
M3>R>(RR#00/:<H8VV/\.%I;=1F.WREA^,J21_&A*6WK*CKYTIC&-YRU[(-&'
MAC-3B1KJ$T-Y!%&XZGUX5NK&AIF/'*TS!\APD%;;^@^SUDL&U."/7OOZU\`.
MMK"'3>QB&_O8R$ZVLI?-[&8[^]G%-G$?Z=`@Q2VL4R.55P,8P.UN>_O;X/ZL
M!K8-[G*#&P$G0("YU]UM=-/B`/".M[SG/6\!=7K'&VC80#!F@6LGL6#D9O>Z
MQ9V!@`O\W"=8``(6SO"&._SA)R@`O2<^<7M_V0,3>1I,_GU?!^BHH956<LG4
M0"@K?]1A!C_XM]>)Y)*E7.7<=G=FI9S=B8UTGQ*GN,[A3:B+HV"_GXY$,QK_
M#(.BL'H&+X<Y`PB.@:2KW-TPH/"'7Y#SG5.\YR[@LJ/^W6]5Z+H&^P4ZTI4>
M[IN2W=M0=\$`5'2@!F`=!56W.KW?[C10X_H$8@]!%&T0=JZGP.DJ9WK;SM[N
MJ&]B'%_'@]RO?@+`:GWC)!@32FPP^5'1`/`'%WRH"!]S&"Q`0).GR@5&/(*X
M+S[>=$]!JO&<=Q#42-HMN$]H98!Y@6O>49QG0-I5`"<%DS=4':$O!TQ_^@.4
M_-Y`-8$#@([\:=6>W;>'2>YWGX+>WX=M`[O+K&#?BN+7FP0W3O'$)M9Z-Z/K
M^0,W.^>ICX*C3&\7%]@#/$5`_-.G'@6/YY3?_:PM__2;._J<,GTQ,'O@@@&G
M]0'UMWCWIUA_MW\`=0$F%U*1QFDM)WVYQW(BYS'^AW!21G.D1U`42&1$DX!R
M=W]<A6\_YX#LLH%E5P(LB':L08)6MX`DU8!-]8+>!H`7(8!H(8,[1X/X98,_
MA8/=IH-$J'LQZ'WR!H2$9G,A4'Z6<X1+IWZ$QWY]X(,ZUW.@1F?B]US8)C3Q
M(H5&R(,*@86,%P,N-C10:%W\ERQB2(5G9X5:8(85]U=0(X1R!H'.EWM3Z()D
M>`MT.'=VZ`'Y=RDML&F(>',A!U%O2',0<X0($(&2MHA%%HC?AP*)%06TPA>*
M(2,ET38JN"Z-2`*0F(1*R/]S^89\2?`1'S8*F/`0H1**Y\>'8[A^IGB*)9=U
M_:,`$5,1^H%U:PAPM`B'9">'66")2^@T^`<(*.-3'H<J>#0FCS*-U%B-UGB-
MV)B-VKB-W'B-`\"'<-*-U?B-ZR>.YGB.Z(B,\1:.V&AC$,8%@E$-90"-+\-\
MI+5DW3**(U"*/7B*J(B&7K03;7!<==![6P>!:&9W6J"/(L"/9>B/QF=C_=9F
M25"`&3![ACB1'Z"06<"03_B'MJ"._ZB'3GB'%H`GNY8MP:AMP^B'MMB/_LB$
MJ(:'*I"(E'B328-RM#AI*L./,R>)(:A=(PB1,JEH&@D"*QF&+4F*(,D)(AF1
M;,C_@$<9:Y`WA$NYCTWI!T]9E&TH:W@GBQHG6@X)B$2Y+8V7D?F6EI8UEB%9
MEFPV8S0FA!SY6FSIE&YYE$&8@CD94\VP'$7!:WL@?`V9E5=XES[WE876?$LP
M&W-A";-R#P?8(-QG@55XBTK(E:7U5U>5E'<VB2+HF8Y8=\X%8.MA6R+!BY_'
M3R1!FA)(F7'8:!-HDW\&!X:IBWJ)50:I!OZB4N4'$=G'`76IE;79F95UFQNI
MF`K1>\X#*#95?O)'<,%9F#$)ES6(D,H(BII)G=*R7V.`*O]0!H03F05'F',X
MG&J99L8I51AI(5U#GL=HGGV&GHBIC',I+6^3").95.[Y_P0-LY7G:93S&6?1
M69[3"9"),"GZX0T"L)E@J6(#^IX%B@N^M`F^<0\Z<A88R9F?AIRWE@*DY9_@
M=U_IL0N146VBIS`:6@(F%YLLBI-!>7*:UJ*?^:(NN@$@:GXSZ76V%!>ZUGKO
M@8Y`&J1".J1$6J1&>J1(.HU/R8[7B*/)]W7K45P"Y5EXE`HS!V,0T1A[X`^]
M@BPWFHIDUC\^@0^V9!#`,#FM=X)RQJ'9`XNH4WGYB05?.G[5N49G\39$Q34'
M^0+U^5-D@!*SU1=VHE5SZFG]8RV,L#%?J'SUM5]?8@Z`42R%FH?F%P4"()X8
MY6^M)G;6MQFM)1'BZ023^I8H&/^@A\:8OZ>GM68!KQ*J/_"A=\FF?`8"D)6B
MRB>C'0B4FQ::2F8QK)`R$U$Q(P(K,5J!O=IUW1>ALOIF>.D!MAJ5#O:)!IA$
MF$D$HXJLF6FJ[MBAMO`RHXJ<[[)GR_<)-5>2=,JMK^HPWRJ5RB=V'-FGZ&H#
MU\JN-]6@\2J<$4JKVEF(SWJO1S!H\UJG^KJG'KJL_AIQ;FFP=U>OARAH!WNK
M]`>?R]BL#QB+,19C/,FK&BN;&XNK0+FQ64:J=B"QYDJ(-/FPD@J?X(J'Y8JR
M3[``"1"S,CNS-$NS<1JFQDF5+CM9*CH$_&JO8+JSA]BS-4!:FE@CB^`7GUB/
M0.ND0EO_M$.[H?+)*0G3%`8)F1;[M,D"KX8Z%]D0-&/PBUD[L%K+IVRFL&>;
MH_31BW;Q*3XJC4D:MW([MW1;MW9[MTW:A%^G!OSAME6*MF5+J2]@%WO"'\82
MD!=A"=H1I=R0E(`;N/_Y`9%R6V"Q%?;VN!7)=1EJ(CH[8UP+N4$W%P*!*IO0
M>T1GFY2!J2K9M!4+NCWPIS[#/4^2+3J6:%RFJ*SKND40`,M'H;OY>Y@8E^D9
MNL2IN]!JG9-0;>RPI=GPFP:*F&WVN,:K9<QH)_[B6X]!J_<69-J)EC``6!P+
MH\=*HWLYON'KL90HO8XBF!:YIFJ;MDV7NQA;K!EHOAZ+OJ`9_[[IV[W\6[*A
M4(\Y\+/(&Y;Q.;U*,&=`!GXD4WZ=V[H&W)7!J\!D"U476Y4/'%.=*\`7+%CA
M>F/,)[4;/+^""[4`>IW`*;_P&\(S,&<*FVH-B<(E"\'<>F_P>FKF^KD:W`/B
M"[+YB[\OZL.[:F4T,&1VA\.#.+8A2[$AK+Y$D,,J+`2&]K@-S`**XBJ5\@ND
M!C//^KFNV\!$,,47D0YZL1P=`5SW,'Z+"L)WQL1CYL4F?)SHD;VZ=A`.`&`@
M,PI'TJ^1R\9/O,8S:6"&J%K9^[9X6\B&?,B(G,AS&X2`7&L(PS5;`<,%BZZP
M!L>3S']L*@&`?`]TP6N_`&#$F\)^3/^_0IF_-:JK]TO*5XJMHARTQWNXL#AU
MLDQZ>BJR=,;%]BN:IKS+N=S+5Z;*26P#N&S)4"6M!-P(N3O,?6P$:,8"DPD@
M4KS,T1O#H?R\V^J^'AK,NJO,,DR2[ZL%V;;,.M!\A2C.1/NJ/%#.:5`W^+DP
M=I'%TG95>'HDI/;.%7"I(3#/H7(7]JP-#=DJ`$)Z@-,([.QZH4#/[]Q/@4-/
M3BL2;'`6&!%$X7`6^W!XGQ/1IWNNFC7!'"`B.I%XRJ`=G%P4J]:\7.<P'NV)
M(DTZ6A$&^#`;=*$7T"DF;[#2%JH_GCS2*`0".M*=K^1'9%#2.?TQ(*`DPZ!K
M[BS2+UW2['#_M1^`%>\!!OCR0+8T&T61%#RB"=?W'1+YQ@L[M#*R'FK0,'P#
M&(Y\'R$-#.81"[SX,8`1,5?0*72L)9N`,/:#"1\5>CO:"&^P4&70(T!QUL#R
MRQ>Q&2.S!@ZSH+81TI#\,7VMB/K0BXAW%WIQUK0V)O;J%>LQ-FAM(324&F>$
M.ZG7S#/`-WO'M'T712*RGAA@VOKG1550+VAP*EKMK*=`:UQ$'Z$G7I?"(D='
M")C0*;X=T(O=18^!$LOAJO01"?`7BZE=V68JLL;=1;\4.T@!VI^M0!.+6AW'
M:*U]-WL'"!RQ";/RIRFA(QFM"N"M%ZTR>;76(^0]/6M]SYB!4T1-_P&/><?O
MS2+3X0&/B233,PB'W2`Q+5YATP&U?,>Q,-[`8`8HL1X/WF92TBD+T@79X`"Q
MZPM),09:<2CHH[?9J0'+T14DTC]P@MPRTA?\YKT;,.+L@*$GSM<9IPXR0N/-
M2W`LXG:>"&";H0:K:<8V#M*SYB>;3#K#,%\#T2,ZLMQ#I0[O80XF;@4VKN(`
M)BHCL`_,(!+171"TEA)QM'S179_JW'0^0BA28PJ&8A2D@PF.H]&.4N9VLBD-
M+JAJKN:<$J?+42!]$@E]@2K)8.>VY'JEDR<)XPA]$089%\85()CQ-PV_*C5C
M=1+C8DO>8'G4;#2KIH-=BW0J-36=7E._G?\#$@$R/&`*Z]FG7`RXCN?-EW[)
MC<?'EL7-K<[JV#QM?B#KYEPN+@!9"@F^"3F!/$R^OHS*+NK&BY;-JI<#-ERT
MP$[LXQOLYTO*.LRA1)S`N2[,(7[,/K"]KFQD2OR]@":N[%)CK_;K$HRR7!O%
MJBZ\17#+QJON_,GN3(!\N/ZP15SN)ANU&QFBUZ[L*WO/+#S"`ZSM9IMCL"[P
M7:WK@>(1$'ZS;#8;C!X#%*.;1;9JETLSH;51R[$)*^HQJS80;5T2O'868NT/
M$M4Q+ET2(T;$?[,P.C(RV9$G;:36O$C&K_`!K"W=)MD@VT?0)+`OEM[1ON3P
M_JS;(G#BZ7VZ`$+_:VEP])9@D.6EUWR]6>(ET..FA^I0;8\DJ(WQ&%N*$B[Q
M!OO1`>F=\-FZFLE0$EHR#/#!B;BAUDZR=IQ2'YBAU3#-$<;UT/\PD,N!H2QB
M\SJQ]M?$,R*S;V4*$KA!47=R8+[QG7E^QLV0'6$2/XS0]W`_Z&^_;\EED8>>
M*/KW'LOA19^P]D]^QN+UB?>!^$>7%12UJD1]$!9W#Y[_]G#R%HE3UQ_]^+-.
MKP(M*K!2%&;"NPA#$D;7(/L%X5N1XX)PJ7^/,8UM&.#IXS4.\2AQ7$W]^W*L
M:S(R*?.(*<#?O+T57\D_>8M=7/BL.#HQ%JB!>#)3XR<!V++<TZ;R^:N0_PJD
M/H\H,1M\JU_Z``'CC45%>!D'8516)&?$FJ#),@<;T.&<EB(H%K!K+&Y+5:<'
M!H4C(4&8R;4>+-,#,*`$%`:D!$2]*#4:0*,A:&(J+(#BU#!/4(%*X[E>]G@3
M@!,*UVISC^GCTN=IP=A*^3!8.`.@VN)X\!@$&TS1>LJ@V)-*65BTQ`O+2:I[
M4I+<<-!:4A@Y%+#K\7"H9)-HC+LR`%T!/.KYX7T@^GTP.DKRG-EYF0HPN)!\
M\4`=-#.(HC(("'CQTH9.(^U@)IT(J(N#Q&X>ST-YV"/W<*0A/T%D*<_`OF].
ME]_4MH7(`Z<7S.09H+(G3;X/DSQM`#4@G#HXC/].M>.3#:#`AHYF7&/C+X4D
M`.+&82L@3"4P7[^(K1P)$TA+8$>"R<294^=.GCU]_G3'#"-0832)'GDI4]+,
MHRIO^F@:5>K4E<&>0EW9D2I0HRN3JK"Y5>?5JUC!FFUY,VW:7BG4NF6+%J[;
MMG+MLJ1[=V;7LD6[!BG;E^A?85]KBD5<=>Y9O(S?YFU\./):R(\=QYV\6++E
MQ#L%%Z5J&(@"+PHZ*A!`6JN?#PY(#SWR835/TZ-[8$Q=J,?LSKU]]R+,]'=D
MGZ+EW'F6`YN5*AJ@_**5R@9P(,R!F(#RC'FU`JFSV4#8R$'*X>7-$Y_ZF>M?
MXRI*.6QQX;:5I7QRUU;_M2&WNQM:9=?.0+X,*G`"H`#5B$<**A:P89[S'O0L
MK/.>"@XF]3)H#QB-%E+CA0*T>J<?2\+#1CZ()-)&BA11(.&!`DIL;B0S!N!$
M`P%/D$`Y92#DL4?T>*H0,)XRM*7(%EK8!*QW&/IAG3"6,,:=%Z2,B0E@!'3G
M$!J7DJ45!9VH9H`"8/.QS`<%"[(S(L\0H*0&$%$CE104`J"D5N)D@@<<&\`%
MEQ*8"P0C&MW(A$HD3E!`D23+*;0^,\],,Z<+'RU,F`J4"`&`5M#@PQP^4!"@
M@CO=^<`&-&Q`E30^!BCU4TT>,%6KDCXL!*-+39U.`(E>I;0\FM2;M*E@]PIM
M_ZMA?SEVP$(EG`PSRYYUEK++*HN66LVDA:S7HSX[UK!D;8K4+VW']2U<<JOZ
M-3@BQ?7IVW/?'8XS9C7#R5RBB'37*7CWY5?(W\*U%P@B1SWJS>!\X918/P;T
M]`@!OATUX86#2%A5(4[U2>(>+GUS3M*@&%573_=S&%:3"2XY-@L&W!4$5I'(
M=8&.`#`*"E:G,[D"G+/-B4CK?LP+Y4*6A8[,'LJX5.@#R\@IT851^;F3&(,0
M!":E49&CM.2@2)+A0S38F>ISG&:LNB/NL-,).#N10A$:ERA)M@*,8O.]$[X^
MBDB9`9!YCPKJT-6&P+';V(8=857`U%US",&+EW-(C?]5-(0J52+&LY!9RE86
M6%+3-IUXK1M1$7^B(SU:@+QQ-3#0M1W&54<(C9=#/4%3(-[KI`4.FWN.I43[
MEJ#!5%`(X0/'1T5U`4_3&(%/$.H3Q,L^GG`F"-S/@37JGM8TP02=<1R@3A7K
M-`.C<A#9Y$XVNNB33]ES*`EN,V1N(4QC,MW!?2CLG&6Z4;K#4?EHI`@HG2`Y
M51A@-9H0/?"YKW$<J$;YFE$.7-A.#MG@T)%HL)IXO*A0W>N?GD#A)^40<`L%
M2)NAMJ``%-YD#CC*$C/&!`1D%&D#\P@6ME+`O>CD8!`<V$8I@O'#)0V"1C9K
M1PN>@`$SY*<-1VI"!O@6*"/_FL`!160#&W*P`C5P$888^('R1C"*-80@)8)X
MAS98]*8S<@,*WVB'"U/0C'R`P@PM<5X<*D&E/XGP#E)J`1<9$2="9"]`2PF?
M(S[PI3:88#77XT$%T(09I`CCBU)*T2C8@!`JJ#$?"#E23#)"HQF]@5'4V,01
M(T(H5F5Q"MA@)0^61*`_K6`;7L1$32X0GM8MH1P?$H0M#5`&;90$`!]"GS8&
M`DM6N?`.,T+(1>@`@@(\)SP-R:4/S\&X%/72;H2$E3(YP*=J:**:,ON.(V`4
M!U14\V8I$MX2E+83;[4$-;)AC13N](7_L*8'N2%90YH7('ZF!C\?`(-][MD*
M59D&_YNH<<!^$*H5AOK3H!6])Q]&TQ#4*%0`J9'HG<#P4=0PU*0@X&<07H/-
M.W54HEYH1T<#A$^#:C2C_+&/1D'@FIRF0%<UZ.><2N-/$.Q&;42`:2L26E0^
M\(:>.W&4I)`UU?3TBRII"M@01K.`AX%K)?/,X?;J]0.G4E4QOK+JH_)E(4I*
M):L['"LO*O36LVHUK64:5K[6RK,'K<M'YI(7=>[:F[VR]2=9+6P1A/&".C#V
M%ZBY!DX?.T]%X`,$.)L10_'1`>8P326)&PD&.0$2.CZO94)(C<SZIA*2C68Y
MFM"*8SD[(B\99%OMHFM?A?&PE&AJ*49!C2F,-AJE=>TY6?^84ZAHH0LI$(B%
MP[T.H$2)/0(A0;F\B!PHH.M3WIBA%?$#IQ-,]"8*M+)(,IGKF00K5Z^>I2_K
M`F^1EK'$4*4!`PG11FJP@3.958,#OEC*?:%`DS?D:$KR%`H1MK$,P;U60UX0
MY#:'"9=*_*`:?E(M%*GP2D,@I!`,.IR<&-)%N@1`D-GX`09J,$_)P"M=H$$O
M>X;0$FQ,S7D<(*.>Y..^3CH$QP,`L!P,,(.YR0$,!OYA-EZ$5`G&P0-+<J<-
ME_`"E-4B%01L8-4X8-\.8)-K6*I1/+`FI1/_T!WQ=6MN^36P.%P@8CU$SMBP
M@*,(5VU)$P;3U&+@!S*,<Q%00T3_+L<I71OQ.0YYM,3._@2E.VAYD*<;QX`6
ML1"LN5F>Y/Q"+:(:X[H*AUU2U==3?Y$-%,U@.MF,<R"8\3$C-6%)SF#&/IDC
M@VR$<\/9N),T7D#+C!C(11@T`P9M@8L!U7`+F#!&U?Y1!RL!LB+YV)#4#FGJ
M8#\,@_;`66*%=;`R^76]WZ97O8+=,$_7!5EJ]E$XM`<D=!OVW.SUD;=[DEB(
MUFNP/&EMO[0MJ78+S%CW!CAAS>TOS^1VWSB1MUT/:Z]D]3O@"G/XO=/KE78!
M2;"3ZDN[JS4MCF\&6Q^_5L@M!..'PWM>+>Y!/<.-F(-S1>29N8M:-NYQ:Y7M
ML.XV#V$B.(YRN)8\KGSU.<'?G6:@?YKG@WDK`92^=*8WW>E/AWK4I3YUJE?=
4ZE?'>M:UOG6N=]WK7P=[U",``#L_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>22
<FILENAME>u49135u4913521.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 u49135u4913521.gif
M1TE&.#EA-0';`+,``.^/6-C8V;&QLK^_Q)B8F82$A:>GJ**BO;QR2>;!K-:O
MF<C(R61EF=_?X/EE$.#@X2'Y!```````+``````U`=L```3_\,E)J[TXZ\V[
M_V`HCF1IGFBJKFSKOG`LSW1MWWBN[WSO_\"@<$@L&H_(I'+)="T"E\!`(!A`
M*8OL0A+81KVBKO8J>C9O`B[X$:A2VH-)&VS-GEN$=&50R`L(!16`!(`#"X%8
M:8=L!F0=AX2`!5X!C1V3)@9KB7<2!G$/BUP%I`2CI6P%?W&'#0\$FYTE>7N8
M$YNT#P*3B+<&H8&5CARB$KMQPI>Q(`++H;\8PR;2)`NF$L5_#PV8VMP+5*&F
ML!(#U[(GN1.J&[F'BV98O1E=P\7&\VSQ%YCU]/L8[`2\$N#<!G]RP"R`IB$>
M0D%Z@$W(18MB,U@&J#!\8`O=K(C`_ZA1H%405I]"NDS!"W2(E*8'?`"MN;=M
MTJ(`?=A)8L<Q2\Y?!*`9((`3$,B>J2)MT;:+T*2"I.8%]63*0,XMD?HT:-E'
MU,H_!:3D!"6G8S%;VM":,G?1T52/'^51F"+`;52B[V`&TK92X@.KKWX%<$2S
MYR)MH5ZEP1G')A0^(7&"N[8)$T_`3`NX,O"K,)_!!0QIU@7T6NB4V!!]38R)
M)N1;O=0B13V1K#&#<$.H2T5F2D?%<B7R94E\E$^B%6@>ZA*LJX1<0V=;0Q1T
M5])8-N=-8GIM.+\J>T\"`@X<L=?BJ;.NL0Y[G9>T[\^9:ZF'?6X1NSGB_KW[
M/.J^9VT!%?]A^1#B5QNGY0)?0>"E=AH;QU20'07;F8*8=Q;$E`9B$^E!BWFJ
MH1<2!O;Y15Y%'NJ!$S>#(5?B?1_D=X@EJ2S00(K!':92<:)8YT5_O2P4ED1F
M1$<2+16:.%XH4$1'X18\6<?=;2,.0PH4C)5SXH:F,`>%C]I!`]!R[943%IF?
MD?E78U"0XR2,(.S4!S:#2+(`'UB!Y)]W*SF%E5,$1E4`C8>-]4I.IMTYJ%$2
M/-C4@^XE!<B7%G9WC9T5",!03(-NF50@=8HH:3Z2E?D<*1%)HH<YMQD8&)PK
MB$&&,R`L-Q-`'R"4!Z[Z,*G7&[R:1:L%O`X&K$AJ7,%K<LMPUI#_/;.2T<4H
MR,(:1&$KY)<!3QJ4"BM.+PRPD;5&8*N"MA=\QL&;L$[10D'5DOO#M#`L2VR\
M<LB;&`O&ZNOOOP`'+/#`!,/HB@0-'+S-!`DSS+#"$$-,0<0.(RRQQ15O<['&
M#V?<,,(=@XRQR!R/O+#)%)/\\<DEMYPRRRN_+//$(<.\<<PU*VRSQS?KW#(*
MGQ0L]-`DK(P"ND0GK30*/G>X]--0DV`.`7'\0?5SJP85WTM1=PTU8^*^XEN;
M7/K6`)YN>*UVTCBI:!QPJF1!-1^VK6UW)SA[`(F`0V&"9$94+#4HOG<7SH/1
MTPQ5JM\"-/`6&W1"D[?+.5>.<L\\9Z[R_\8[;ZYYYRR#/C/*EKN,N>>HBWZZ
MZ*4CCL)"0KZ3)2U\-*-)X(\;KCNYE6B=TA^_&$)G'EL-1>/NR">O_/+,-^_\
M#ZX_+_WA.K\<0O339W\#]B^,3CGIGWL_^?CBKUY^Z^:CKW[JYY/,.OC?Q_]^
M!4VG4+\&Y(=/,_SYLY]S^OPS'P#CUS\"#K"`U5O?_"8W/^TY\($U@Z`$1\`]
MJ5'A@AC,H`8WR,$.>O"#(`RA"$=(PA*:\(0H3*$*5\C"867@?A.,H?U6)\,:
MVO"&AH-A"708P9@=\(<*;%\#A4C$_1E0?P$,HA(OA\0CXH"'&/!A$Q'XORD"
MT7U%3"(6E^A$U?]9\8M:7"`4MX?#,EI@C"F@US_:XD+ZD<.,<.S68/K%I#D.
MIBU0,,,<>Z4&F#!D6EL(Y!R]8*\X1JV"%P`'%9`C-JK!`G>*%%<;_E`04%1B
M"F%[QD5>\8H[?:(*S3#DT+SWLT<$+I2<'(<BK3&94)Q2;JX(Y2.-D1%KI%(7
M6&E`T$19,#26X97/2>4J'RFN1C3CF,BIQ"?`P85=40%4C/C$%,;%2^?QD'M9
M]%\8B7A%,7*1BDS49A=)F4UPN@]TU4RGOQ"ISG:Z\YT;\"4\Y_F!"K*3GOC,
M&`7O1\I\0DV>3XS@Q`#J3U@U[9Y!D.(X@]C-;'I3G`PL9T,;RE`P&@'_H5$D
M:$$?B-&-(H^!.]2H1]=V3Y]9;Z0HW8%(4XK#D[)T8-C<WDI+^5(S=I0#,J/H
M-G6Z4(LZ5*)-?*A078J#38"A7W2D8$V39C2-GJ,@SIK:$PA1MZ7^<Z8FNX!\
MXM"(+G&F35:MYCE"N<E77"H:AM""6M?*UK:Z]:UPC:M<YTK7NMKUKGC-JU[W
MRE>WIF,";MAD[\":,6:&-6!8S:H&KF$%1_Y%4P,0EZ:,:-AS'E9ZR.A27<I!
MR*K>XBCTZR%0(3K:H1K1G.8T[39/R],"FN"FR2E!92\`0X6J=IRM'>!M4UM:
M<GZSFU',J$!O,-O+TK.XQI4@;%V9W'7&LYXG_QCC5M*P7!K02PO8:"XZK%?<
MZCJ!$&E016,YI%T8(3>T`[5!%1S'R6?@LKS/K6=B?QE=+K*N*&F@JEF'1-K6
M@2./F]T**+CITXKV]\`]3:\,YIN!\PH!%@692#-?4$F50$:RU'2G=U7@X"@0
MA"!M)($TJ78GE;RQ!=:(,!O&0=AJ;K@#&NUPIH8BMZMQ)L,IF,(=K<`&PE$P
M$L\!2C!;RF`1F!2*,AZ)%#1%6!7#*;`_^DN+L_?B>!;9<N"HG]'X,(FS6L.S
M'K$&)3-BXJO!=P65Y1Y1!MM>6UJ+7FI,Z@3Y^4+TZB#)M='40O3LR5@!0`%_
M#C2@!RUH02<@N5?.`?^>$9:V.VUCO:U-@`,F3>E*6]K2`$"M;GO+L$F&<BNN
MK(NF@\IIQ5XTQJ#]@:0OS>I+*R`W8AC-U0+GXW]5&7\'`RFQ4NV#5;?ZUPX`
M`(S"%@Y=;/9YM][`HD,G`U\#F]6O+@$`IDWM:EO[VBQ`SJ*Z0$EKZ3#9W=.9
M@^T)`V<_&],F./>OT0R-M>AAV4P=[@RR3`1SJWO2T2;!O5F]`JYQ!B/=7B=`
M$VV"V?I,`81.>*$57FL+V/O>PB[!OB\=JS=@*<3NE#$`)E[I0Y/@X>K.]P@X
M7FGF:93@2@T(KR6P<9([X-!%!/FY(Y[@!KA\TC478(%7NW.:`DSC-_?X"&3_
M_FR1B^#F#I`>;#N*46L0HL3D8#)Z@>YRH8N`Z,"F^<AOKG0MXWK!$48E%9R<
MG)4_H.4DMWH(L/YKHX<`Z2:XMMSGGD.LAD//[<7-9YE],+1S7.T@8'NKM7YT
MKDO<\$VXYD$5CX>+:^*LB=3$6_T^<07L50$W!P!?D;[YF_?U\Z`//0LR"6!-
MD)T3&:#\O@'_`<%#.]V(W[K+;TBC2#2@)&M0&-73SO-MN/[2F;XBW!%L<ZZ7
MFOCR7H$O45Y8LZO^WAY'[>\MK8!1/V#X0X7[:-L@CEE33;<X72GS"^[\H)=@
M^I4F_-MC7_C9GXL5[^[J:V5JO^27W70L-__';^YV_Q!@7_8DIP+B$DA74V'0
MPP2[]W?GEWFPYW[ZQGZSP!EU,4SDM6#V9T0^,%T:\'SJQGH>@'Z4UG\?\'_M
M%X`IT`CPL@UYP%48%U\Z`&[,QERIIW]#QX"'YX``R'$<]G168R.$@&-,,W[C
METCE5W4+Z'(BZ`$DN'XX"$<5E(`3EP"^A3$@.&D1AT`0@W186#'8EU,]YUH^
MQRR$=#!RIF`P$#U/6(1I-X4<4X4.$&U;B#!:J',BTX55I#()D(=ZN(=\V(<!
M0%0<(%Z*$18]:&1#J&PKUP`<>&X>V`%NJ'[^!X&1V(0AL(C/UHBTI6#G8"$I
MYBXP9H'X\UD)A#"6"&R8N/\!;IB$';"$DVB")%"*OW:*=E8R^M4W,"$3]G>(
M+DAO&`"+K2:+&?"(#>B*.3AQ<4>#1V,--V(.70"$T$5<:JB`^X>$PZB#-TB,
M(N"+K.:!"&4(S(@1\S%9]65J1:-R&XB,:V>##TB)K6B-KXB.%_@&58`EH00'
M=9:!YCB#1CB-)*>*',"*(RB)'Z"-EP:,9X@$4+AZO=<`CVA]=KA-VK=$!&EI
MT?=M.?!BB,-."0E]1]B/U6B,U^B.(S"1'1=2+*"+\=5AB@B/K:>.Q;AO'PF3
MTL:2'B`%=^*-.'F3.!E9A20$O.@^)$EI!GD!J1B3]V:4ZG:,^S@"`\``3OF4
M4!G_E5%Y`$NPD1W8D1P'B0')CEN)C97(DNS4E%(YEE))E45S9:YCE8R(E96'
ME.?FEL^FE+P'`A\CEF1YEPQ@EF@T7[ZDEI?(EONFE4HHD(/)E1X0E),VE!F"
MEWAIEA?Y`7YIBH!Y;_ZX`0!9F%X)`HCY<C$XBQ-@EXQ9EBX870.G@?HXETHD
MC`NI?4"DA1:UF8JY!Z%)EHZ)@3-06Z;9BS3IB/P'E\#FF^LVDTMIFQ@`FK/Y
ME+4Y;P)A++>'+&DF,;`YF>HFF*M(F-5IF!T0G6>$4\9YG'EY`X(X-5V@7T0H
M4-I9@]08DB"YCIDYD+L93]UYG'H)1=ZUB=$$5DT3F;$H_YTS!YRMYI_\)IRH
M*0+Q.9OS&7[ZU`'Z=2F01RR2YU:;:7EZA7DNIWE[Q7D7ZGE[%:%[)0#>&96P
M`%<N,`XK9@EZAPW1&(7\670`2G'J*9/O.)R9F%4%&IK)&0/>6!60A6'YJ)LR
M&G@N68(B*:3K.9+ON0$URI@WZIDE``=7(#RA`&8RZ*,#RCX0DXITR#+#YX6;
MXYKPTSGGF:`9D*2-6941@3-AFHX5VJ*6QJ8E)Z#2R)0?"I7)B9*TE6NZEZ(*
MR8\<5YD:<)G7V9Z'>:0:0*9WN:0>`(,]>@%I"J1K^J)'":E)":<J*C5SBIS7
MHVAZRI%\VI:2^I:?&I>4NJ?/"/\3E^J4B'J;D+FI'2A2JLF>0\J$@IJ=^E=2
MGWFJWSF:9UD-K,J(KMJ;H?J;P1J<,5JE9I@NN$J5=CH"^OF+,TI`#2E\B$=$
M$<ESC7J!ADJ;9[2L:5@YUVJ&5\I_#CFM052M/?6M'9"M8YFJ-M"MI(.N'/"J
M+QFIL%JDV4BHG:FNHBE?8CI#J$>E<7IUP%JO,#JODUJL?\<Y'*"O4TF7"JL"
M,=.LVTB.&B"O1%JP%TNO1EIU#[NMY9"L%RE/$EN0*PIL?IH!@/J/ULD!\(JD
M(!N*/C"R%%FROT:=*HN=-SNK+(NOQ?FR\:BIY_BC%#L!13FL_VFT`8JPE>JQ
MA?JRRTK_/SID6*[3LIFCFG&X#7,8/A?SD/BG,E0[ICZ[8")U7GW'LT0YL`8+
MJ@2KL?<JM![`L'3Z6HGF,S);DIT:F&Y*:7F+<Z/*J3A%,W"+J8G*8+4U,74K
ME#3;:B>+`2EKF2N[`>=ID0X3N*BJ4HEZN(EY,AAEL;(:J^UHKU^YE`!%N;EZ
MIT"`N9SYLT2+MAE[L&DKJDI+J@0:MD>`NIC(/9S[N1C;N:"KF32)2*2KK"E'
MF@UQ%#H#K[C+NKR[N[K+MJ%KK!\0O/S:KTY`71[SM1X3K6#$M0ADKN"$O<AZ
MJG7*3XEEJU/*J&;K<,K;O*[;NFJ[L:CY;3XCO<?J`C$E,K:;_[BL9K..B[/]
MJ[.02X.C2[LQH$Q;(%6D(1+Y>[>4N;=)A[0N&KM^.[OB^W4I\`1A]QYU<:+G
M:P'7.D:YVY6>*\*]ZYYNBST-0[\V$'::P%[MM6M!"[T?N+XDS+PU[+R^Z[;I
MFJSB)UVQ)""PTZ#)\:!MQ:$3FGF=YW))3')\9<1YY:&G&J)OM9W5``V/06L<
MO,`W5;1KV[[+B\,PFW\ZO+`$7"\G41)$X3@G=G]4#+X=8[596GPN=[4'P[V`
M^+7UH\*6]0,+C)X>"<%M"LAO*L&M*F]Y7,9,2KQVMC+/60$?#$4AC)DC+,DE
M#&-N+)L5G%`]BCB/'*\T3,DV#,I@//^H8RQ<>IRI--#'84P!D1RHD^S*E4RK
M)\Q#IVQEU(MBO?J7>[S'7/RZPMK%[]NV,KS#%6Q2P@6Q2);+DKG+P1BD7^S%
M[!O,SQNP(5#+G:G(/ZN2E\PPO>R^L.O+Q/J)%+#-MYK)2:#*:DIRP;>]Y`J1
MQE<Z`+NTJUS.E\JNS%P#Z.RH?PS,W^S-OWP]*SF<\F3-*H6G>T=3W^HZ.M/*
M.?O*#1W+.UO*IDO0@SMORKR?&M7-SRS-T=S/TRS/];N8YGS/R+RJ,4S-^IR5
M#KS2?7N5ECK2X@R-&47.$J#1'?W/_AS.PHS2T8O(0X#.&5D_#/V_#DW4$%TR
M/D/3I@K3SVK_DDU=GJ=)S4%]MNE91%Z:8%O:L<P&F_09OO7\M]@<`HT\SNE;
M`5:K1%=M3EE]RXY<UG/ATSYYIDE=U@ICTS<,S7?-T28\H!BEQZ79`G1[T<[*
MP-/)TOR,T]"EU!0=7*H+M28=U96ZQ9\,RZ%,V:/\7.A:012MT$";B=J9-\G[
MJ(>MTQOMT3D\S!GYUDS=V#*0SR&]NNDYVD<KVTD+OPG[TE\-/3#DVC,LVN`\
MV[]=V\?LP6Y-SW-JSZ<KV!-;J@^`I5J;,5MZAS9SU6Q-UA(-MN:LJ*]-#'+=
MUM>-`4/]IX\KWOX[BXH-U[8IA'EZTB"=TIY*VQ$<W/&]T_*LT(>\_]HTH#-E
M>-#Q++OIK-*"K+<!SK>$O):X?=S#W=KD"<.03:H`9=>BC-<1KM>D/,R,O=2Y
MW0,FNJ@TD]`\%-XH.]XACIT\Q-4'_J'(/0-"C`5^P$$(\.(P'N,R/N.`<T(&
M,.,XCN,M?D(YWN,QKD(^'N1`'N0]7N,F9``,4`!)ON1*WN1,SN35T4'Q@E7(
MP<&A$'I8GN5:ON5<WN5>WE=!Q909(3FXN5V;]ENDAN8D/;RY@54,Y&A#2Y<U
M\+1>H]TO1.?#C7)E?H]&-L]$T]4`39R[+$]3;<MS?G)[B>=X#B=#"(A!V*Z%
MF^`G^4Z+CFS+I]5AV#6ZN&%+5^EGUJYR*_\TV.3IR=/#US(4HF8.EN`*JOXE
MEE!)MVAFG6/G'-`[>7`%UY`P)<$*A'![3X>B[&0UEF`U(T$+3N?K;_23,N-T
MY"">"`->W8?L6V":HX/&UIMEL60@N/<79G9Z-&7KQV80SJ[JM]@9?2"EA3HH
M3=%)D&(24Q`4IA`:VQ$WDU[=&[!+XI(P!H$E++80IM<EW-(05MPE?W%4J=2,
M_YX*9B<'R.$X5\`UD-/OG#%5"N\!C!0T;9,OFM#"5)-?+6+E%8#O!J#O;P`3
M&ZP+K%(%\&8!G0(,H"#KS\$6[P`JBW1L1F`0*\X(>7<IE[3PST$&_C8,)&I6
M/_])'9`V)G^+0K__\T7OB<KV1T1A]!0@?XJQ%$%L\2,Q9'-A"(I@[,TP.!7=
M*!'!#J_QF30_\XHA!;D#BE1L`3BO]1-!6*Z2!T[1]A-P/):P$!/C!@R*-76_
ML&016>+@"'S_')=B-?D0#7]$9DN"#4)6]:3A)XCT]B\\8<PD9C*H]Q=N`5;Q
M)6'!&$<5&OY.26$1&DT"\O7^`>*8$7"?]*_@:89``*ZP:"EVBRLF;NT&^VZV
M:`5!@-,"\9I/%!<4^RAJ\9E%2!&1#&.'$4Z&^H`E%!X2\C\"+T2!%^X5!CL1
M!Y*PB:4`%0?<*7W3</FM,%Q&%AO![$_`^@D\^^@^%X!@"4/Q%FI,-950PA^$
MTOZ^T`>40A;S#P$C&/&>,,&N8?T'`Z$H%H_S#((PKNQ9"--JP:]IO('L:`L?
MK`@P0V=1?`1?'IS-N2$47LWG@UK%9K7.JU9`Z(%R6^8XJR2GLS&"1OT.J699
MLQG>^(;A7/LVX.ZBJPK<TR(DLZO;.NS;&[NJBV0JF_Q1M*RTDORAY$04+`P5
M?6OLQ$2\'$TK5;UA%4N%C)W-A#2U/;6"7;1Y%1LT+>PZU%U])6Y%31:5779V
..1KYY]M2\VWR.KHH``#L_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>23
<FILENAME>u49135u4913522.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 u49135u4913522.gif
M1TE&.#EA,P'9`+,``-?8V)*1D:ZNK_AE$3>99.Z9:&"LA:3'MFALDK;.PN;!
MK(B]HM>MC]_?X,C(R>#@X2'Y!```````+``````S`=D```3_\,E)J[TXZ\V[
M_V`HCF1IGFBJKFSKOG`LSW1MWWBN[WSO_\"@<$@L&H\`!\8A$#@`E:3C*:%>
MK**IEH0]YJQ=)G0B)@O&`,%#[8TY`A9`(-"<*R>"^5Q-KS@?`4I_('IZ;&MW
M&X$E:6,6@VU^AWT2`@AVE9>+>7F5:DR1+PX(%I02212=#Z-RAY5*"(*)'K%D
ME)`:M22-2ZY1*XXF<HZ4<H)PQFMP<(!3S,VA+6]^`<&/SX%TJ!6+&DG6T&0(
MUE,9W>48W]Y=%-L/<A[H$^ZX%PV)\JG/@&S3JW#^IM%Y,PS/OF@H1DG:H"K/
MFT)0%M5:%$"3$CE[*NB:T&>3'F67_\X\F/A1U9N'IOY5*=2`'R"(#R_-6V0,
MXYR(AM9<BD6I8QYM$+FYNO4LEJJ13QPV:=<-8<*#IIC@^GE)24]85K%"8V62
MVRR7M6H=>]?QR<5`R>AT%?>N5@.?+R5XO*:L[AH^:@","]>33S4`:9@MG3F+
M*$<FV/`=1.HTA<)4AQ"[.BJ735G&$N_0>=MTPD:Y696Q,0E'5YI:G/YBHC#M
MJ$"\E>TR;?6R$&-HNOJZE%MHWZC"HXLB]IPHD*5JL1N?\&<P6$K*N_M,U-JM
M3^"OG?-`T?70KD*/)\D6<\B:E.MEL%U"YQV@9<IPTY/#36XA/,=^S*8%?-:D
MM65?RF5!"O\W3?51#G2Z98:;$B<!)IL$IG$"VBID#0>6,Q#>80D4#K1$V33)
MN#1?'YV0,\=*%VFUX#M+T1853=@--<D9?=&FTE(@?A9@%A7U>-%/>E@%!X+_
M849=3E1AM]-JF)445"`/_91<DN55\F1ZUGW$#3%!PG?,0(6DQUYGN]$'Y!AG
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M<H%S<`BH+$R#/Z-V0/&#D=R1+Q?,D'A0G\I`<?+'(*#R#21)#)(&JS<S>._.
M(@_6S<X"#\($%7H%<]TJ.;=$]"E)<7@OJCQOL:H`OIJ%M51H.F'GTWZF@8_7
M"ZD'%8#6[47S")W\1!Y&G;Q1QR<(U$''3?_440H;J*G5MT-RZV9+1W=+9LDQ
M=DM)31-]=RFW*GMD\U,#0,J=MX11&GBW_R^Z`4F1P9`#F.NV'[0MV)#,1(0?
MAG:-.(M>FCUQ3C4$!P:%K^^I4O<[(1(4>H5,J5S-[U>-E)><%!5)R4FLW(C<
MO+#'!GB'M^E#'[_K<F"ZE66&P\]CQ(>I[QUT#I@A1IJ9<J+UX3R6X>_5KV(^
M4B:1TAL?D59DE?+%.9'?@!D9G_3.MC?>C$YD(MA>70;3JSZXAW6A>XLOA!6]
M9A2D`</HE4-:(C?W8&U8NKL#J(81P;<HP5<C'%Y[[H$>9\4"=UA+7FS4-X4!
M^8.%:D!A;K#6"6#EP5<<#(0'SR4O<FGKB$;\5A'1I<04*-!T%[%=S,#7LHLM
M(E_=(`D`.-.O5O\<J(K4F!!OMG@B^.GH)EPLD<L8%)I_`&8NEM/.%/^WBK%0
MH#I6+,4B**<^T:TM89_H1W"J`I(_!&0T&NJ1-2!W.[?)K$<L)&2(S"#&8#GR
M7Z_H6`7X2#`@L2H/EXB("/<@DR@-`I2&S`]`?!1&1&#R&JP\A</^6`1&L<V/
M-."4#VR90%S2\@@S^P#$=*!+'P33`\/\I0D0^(*IX<M@-P`%,#W6@97=BG1$
M#`$SE<G-`]H@>^!$(A/A%<XDCG.)Z"2B.BFP3G**,YWNBE<[SSG/<M(SGNS<
M9@GT:8]XVC.=[ZQG0/TY4'C!TYWF/*@\":I$@2;4H??\`3^[2=&*:F#_HA;-
MJ!$P^H&=`>RC(`VI2$=*TI*:]*0H3:E*5\K2EKKTI3"-J4QE"LT-D$ZC.'W5
M/W/*TY[Z]*>C6T$!!D#4HB+@J$A-W10R=C1CW>Z(@`'%4Q]:QW_.4Z%696A$
M%XK0KF*UH.!*``'&2M8%0(UK_TI$]KA5CB<LS)J."D%1YXK4NE:A/YF4)H4V
ML%2`A*!40.V!6,DZ5K/^ZY0^`T%_1%<JO8Y@J',=0%V/FI^/ZO63:+T+P!#1
MMKLL]6*'Z`]!6&2O-7BV/V(+;`P&2UC#2F6Q>(#"SNYRBDEM%@\;0\[1=NN$
MC;E*`Y"EZV1MB-<TQ!8TO94+()9KG&648R"]_Q7AQ?PQMV4LU[C^JZEJ4<#:
MLM[U#\:MA&SAH3-XF$$DV#UD5)NK%&IB(+)$'6YE$?O*9B27N<P=CG%VQML?
MF;:R9'G+=2_VQNV^X`"$+>QW-938?U6CJ8A!0\#R<K'EUK$_S;V'[.B%@>`:
M=;AG+5JDOJ$R"C'(7SXC\6SORB`S``9'+$ZM@5O0707["0M-Q8,60HN.%+-X
MKV(C6E*B!@(%&/G("CC:Q@QVTQFO#0`).$"4H^Q>-W'46E=VLI:S&0-^;C.K
M7@4S5\<LYC*G"Z)?I6J8\8GF-N,3G5J.LYPW.><ZV_G./<URD_',9Q_<=%Y[
MSD"@,3#H/AOZHLM$X/].#^WD+&^4T74N=!O`:F8UCSG-6ZUTI@-*Z4Y;6M/<
M"C41'`WI4IOZU!)-USY)C>I(CX#+K8YUK&`MZXI*^IN"9G6M>:KK5[-3!%_F
M]*<]O>EA-U2KF$ZVF[%L[&)WBPB8RU(R.2`N83M;V<A>]K6U#>HV$QO;-<-$
MGK1C39`!@KQON(<O+7#K76,O`TJV[U)78!P'*[=1578W-S'8*./(`F#!:+>H
M?6MO"]=GR5I(N,(7SO"&._SA$(^XQ"=.\8I;_.(8S[C&'0X)"D;7E=GU-24!
M84*"+\NQ^M[WO#I^CW\-`QD3[K5XH"3$%9_\@RGO)NGJ(3>I">*-.%]U/@'_
M*?.<V^JW7D#Y6@':;'"3^=N`SK;4UTQU>4)]ZAA`^B:+[IAU&_V/6N>Z-+S^
M=9IIW0@H+SLWS\X"KJ==[0?;^2P$+O-J^Q,48H=[J-A.A+>S6^^YXCO"=)#V
M/P->5=L4/(=-H#)$N=?O%[UZU>V^;:QWF\V6E_S3+?WKK&LW7H(>015!>RK(
M'YY?9Q>X"%K&$1;UXO1K\Z%:9S"O]HC&PHU%^,9WS_O>^_[WP`^^\)?Z^5R?
MP/:O@/FZ'`OHO,,>!QA5_-:/7\=TUZ%#S6*^\9\?*Z0OS/E5\!.KREU?FX*?
M^S38,\_QEB=MF%X&[T=_K>KA<_SMN`?Q)S2W-7]Y_X/NO^G_1T_\IVH>\%L?
MUUL9(W*,1W;R)RL=UWI_$($PHX"JEW\-&`D<Y2J&1".D%5ZJUW6=MW@7J!S%
MLGYE%(%DQ(`D$&@6"'HC6`2!]EM+IP-9$W0O>"O2!P0M>(-NDH,PT&X[V'F4
MYW3]MWE;180#"(`A6(2#ISW%YP:U-0;D%X1--'E)6'G^EWE*:(7'QH7/5@(^
M.'0DT#*^TQ]-YG<?R(,YH&@KIU9ZIF?#`A"!A`PK='#Z%X)JZ`5R]P%I^#"8
M9"&Y-WR".(B$6(B&>(C$MWTB.(:N-QSAE4_2U(=Y2'OZM&>4HUV2B$R>,"3D
M<04J.(F-$88J@`\H]'B?F/\KF?6$AR:*Z>>)VB0R11B+8(5:;H2%1HB$`*AY
M3C1W''5^U;1NO@A,'P0JV]5DJL>*KT:`@,1NP9@RY!9`LB9XF;@"ZO:%06`%
M<@)_>`58D88MWH=VIRB&+V!"P!,#=P-TX6AK).`JTC1N#Z:**TAG(]<!T[AZ
M?S!+O)((<85J[!A(S:`%R.>"VMA1JX&,#,$)-@&*T6<PH""!`-.,O]A1P<*)
M;B`5#0F/L@9^#XA)$H@(^-A/(!F1-8,7O+B%WG*/VA&`N&B+:Z62+OEWES)[
MF/1R&#1A"D@-,(=+D-=D#Y8-^28,4D@"";``"V``!D``1FD`"Y``"0!X[*@R
M3D#_.6^$D7=X;^<63$PP@ZQ!8=XC!`!P`$698&)95@S```5PEF:)EF<96$.(
M:+_RC3\(+`3#>G26E1/%0C<Q@3WPE6$IEDJY`&#9EX05`/`U5WT6=6])E2^0
M!.U!EP>'B(,HF*T%F`T'60$PF(4Y`)"YF9P9<6%(:Q+ID>6WE4.0EFE9`*>9
MF@R0`$=)6$9Y`#_I89=)5H6)4XZVD(FV@)N!$=1$A?68`1Z6F40UFV2EE$WY
M`<$Y`(0%7[$V"!#Y)N%HC"B0G`,P!V.)E`OPDQ=`G<HY5H195#I7`P8)`K`8
M`J;':FC&E`M@G=>98`'0E)7&`,))F^#IA2MYGXL6>KM(_X_/R8QV>`/J692M
MV9Z8^9U$=0+<253T.0"-1FIP*00<A#7*"#(!FI0$FF#5*9Q%50`(JJ'=20`'
MRFA[Z!3OAV0F:F0.$&4">J'%^9=2=IP>RIPFD*##Z9T,FE&Z5FCCB0/OEYDL
MVJ)$*6551J.1Q:$S&J.T68P5<P>]V(3+Q%?K5IC7.0=+>9PB0*21U:%(.E;:
MR6L9J)@I((D]6IAS`%]&6@(Q.E=G2@+RF:8V]D>%]ILZ9E,JX':XU"MINJ'R
M>(M8JJ?:UJ?5.58'\)+VJ6UPM@,R>'ZD]E91FJ<#L*;)YJ@'^J>.2E:$>HN7
MND3]:8V)6@/;8G/_*9"2"JE7ZO^HI!H"@*J@!&!8*A>FC_`5O!E'8+IZH$J:
MBS>J6IJFIPH"J3H`K=FEC<&4@4F450JL>ZI87Q&5VG!?,V![N;<!N&H"DGJC
M)="K`#!6!@`K`""9%_J7"6"L>.AYRL)Z:O%F*."L2]`;ZKJN[-JN[KJNGO.N
M\?JN\$JOO=&:]IJO^KJO]$J@23F@++H3`EL1`TM9FN"NV'%O(7>L*=`>>K4M
M.[FHMW*M2#D"DJH`)S"?&#IM%%"A`4L`"`"RPW54,)E)J3!O\Y:.#!L'>",M
M5.B?NX)@!&"E'W"Q&0M?&*JG(*"B1GFA<R,AQZJ!9Y`&+#2K#/N!+SM],(N?
M5XA5V(K_:3:+J=0B6P-J`"5I`BHJH*W)JJ5CM#OPLIMZ!#)+LQT0M;Q2G&0;
MDE5I?HIXLH_FBHLH:LKTM"!@ML*PM<#F?+@9KC<@:4FK3&-;MXZ*L2?0`&1U
M`%7P8AWBM3#@@Z`)`W^K3*TIN'E*N(S0FHCK>C[I3"<055H`KCN:MWQ8@VN+
M4X.5N64[N'<KJ',Z//-&CR9S%^6*K-3&*W9*C6$+!)/K`78K`GB+!^PA,V\R
M2J-I#[[R!W(Z,BHKD$I+*X/%M1K0NR"P`&^J7*``"G"PJ`L#,5(E.NK'9+EK
MGLO+GR8IBYQW+K^Z>68+48.5K=LRM.?XB$[*`=BP10*VM&[;_[PR`!A2,%[O
M`+?,&[>T1+'0^UZJ*P(42P#@8#12@[_4YB%WU7IRNRF,>P*@=0:/LS*1VTW4
MJ\`<(+T=T)II6PE^$*8>DB(1/,&O2IX36H"R(%X"EKVVZL!\>#`4FZW0>L#3
M6[U1$"<_^;@LLG)7=HEK*%[_T)C*=0;SLEN=V<3")\(0)ZD,8''MZ\3$EW"Z
MYYG%UXR^D3%#\A4;K'-TFP$@K`&M6<%KV(8E*P."P3SERG/CZP'AJP,=7&5E
MC`$=7,"U6X7Z6;AJK"[BZ6-U9)7SV&6Y<L/1J\,<T+Z\4L,WN<+B>AVT89"4
MDP'RF\)Q6J=:6*B;+`$=G`#:8K/UE/^^R.:I5Z9U$M@*8I-#&'6&O0G`*_M3
M8VP!=UP!'8RZJH+*5M$QM^4"@P:V.!6X%U#+$\#(OMRD\XMH<"PSNVQA_@.N
MR7RL&]R6-#/+%$#,$D#*,I"\#`'&5!"!R17.7Q#'?7PP,HO+$X#-MSPK6H<G
M0_L)'\D"89Q1NUL!Q&S,N:E-C>P')S3'?`MO#%AT_JP#ITO+BAP'9/7(L5RG
M_(2,X=LK=LG'QUR^38N8FT?*PK*^R?+)7K4#CB9]W)RW2B?`?DS1)OUL#O6\
MSJ+1S*+2';W-N>DJSUEBEB2%#"(ROCG03J'-#U#&ALNEK2C`=7?"/*H9H#$\
MJ`4@.>U3B)S_S@<]`2*,@Y\7T@8GA_8&#XLQSQ-,U0C!T1(`PC*KQWO\SW)<
MNB$0NJ7#$=4(B/UR*%ELQ7`=?-BJ!5*\<*P5UX08E4+WP%6]UB`R76Y=UB7-
M+V']U4_-T[YLR-T,AR6`#9O(F)LP5<4KQ\RDTT70FBW1N^M,OA)UUFBL6$$9
M?J>`.]`2B6\XV,I6T9U\PPT@RA(@LSB,9CWPT5_QG)>\!`SI1Y8]*WELMNT+
MS6K+U]88P*/K2G0*#%[F,5K=4ZUIME$=CVUK3)]MN\L(T\J4P`>,N4YQ:]_;
M&!8X:%PM*S(+HFF*L1V,PZ8,NR[@T.,,W:_X1QULH!JJ`*V)WCKE_X0N:#EW
M,96#3(F%O,;%K5$+JJ&_^S$R:!7\-6&W?=QD#=`+;=VY\J'D[:/6'."=/=9G
MQX'-H!;`O1SDW':J776XJ*IC1:;>E6QLN]"MG'<\1P4QK+!EP*,?'EA%E;/$
M.58SKL(-+HZ-"\8BD<IRR*SX0L+*T!Y`LR@Y7LXD32N11:`#8+G[3-TISC8U
M90BV8UP=E&7HX)A(7<F!S=G'&MZP(J7+6510#GVM;-8`GK\2K>9^Z!Z5$1'*
ME=5)+N:O@LU1KM#[N>,ZW@&.74=(O%QPC->$7HAU7>B;B=::J%S'.PP7";&N
MT'S&J][1'.%/K=Z66"]/R'7",@E'#,\_3O\.27ZT;+B$(8ZI4'>QLNVD$COE
ME4[!8RUTG)MUH3H$E]IMJ3ZXJV[K#CK='K#@]9';/+#;.J"6QGZ6J(GL';Y/
ME-[C/$Z#VQ3&=KYKTS[<)KN"K9X%9$?L<F:)W/YLCHM_AU`LE5B)KZZ&?U;9
M+AS=T/[?BLU-_GL*IR!;MHX#BL[L(NEGWSX#/RX\.;.L>L[G()Y`OJZ\'NUE
MYG+JYNMZB.`>6S0&0R+9HE;MQ.2&[UX"TGZ;0WSK"G^\#(:74%F-6NGFFI[,
MWZ?/@EWK;BEG].4U+1.A^<S@D@:+Z`GK`;\!1!MM>9&7PD[R6D9?1\.)6C/;
MT#>G5W`3DDPB8(K_7N?VQ0Y;85\^Z<&MOQ9.*^$%!EL#<+,>"E]F,I@87:HL
MY,)T1UG)UB)1+`\;C/O^`PSXB=R=C*Z*W^EJ7DBMLOR!LI!CW)""Z'P_?&_=
M]W"]15LI6[0#X\]#""G<F+RE]RW0AS._]A[MWE0/;,*]3W#R<[`E%::5911F
M!^$!-`8G\$?`\2>=VFV.[0%B'P&#Y?',YOKGY:@/BK99!7X+KIDHB11O95Z6
M[<R;O-\'^;A6Q(<W\G$?U%(_]0R=<KEO9QO?YLN_(YLJT*(K^[I2CTM,-BYW
M-4XS?C]R[R:LY('!_?K0_9Z`!D_("6=Q+_K-5)#@=8B12/I(,$TU2>1W_U?/
M<35GH2%*_"@,`0%!N/<<K4\$+`2P)BT(,O,\-Y+SR*P5&BD`U(L4S@:M]MYO
M^'A#8I$(H%D".U'&@7S0/!XH,E?D/)"`I\>I<5!IX\I&>&9^-#&`[+%S-,10
M*<7!.6>"=WA)7GI[XANK^2BQ,LK:"C%Y*IDC`S0ZN<,@Z<L`V0!`B-H(XT#`
MF"0E12LM:FH(`S,)*@'<J'CT(F*M@%J]>D%Z%9F8D!P2!KRC]*"8"I%I&E(K
MXY(UJ6$%G5W+$3K.++G5@YW]O?O0-A+H+(O=G;WQ%-U4096?IW_!T&UMS`%T
M\5PI\E;CVC18OI*IR$*$6)EU45HI`X4#BXE@$O_M59,VH]^0@#F\56#%3]P-
M$"B"H*@T:\F=D@RU($!2R0.F(2?KS;-ILLBB1<W>)*$19H(;1C]0)%F3KX>:
MH2RBE!3&HPFK'<)$A(32Q"?**U`&@LSV*$R<8@W?F$#JY:,,362QEAE%:@4)
M+@$0X!EQ=\02&S!N_N61LY2/.R0ZC$)B>!R`Q"4_\B@L0<E&%8:2?,H0%45B
M"2`D[(H\PHYDN.9PC)(4^4:.QF"-1+X2<(6CRQP*KQ/,\327"R5Y8XB#RS&%
MW("-&RGWHK.\XI/&Q3U>TW!T(S5(4[<E853SX\G#M"3"W2AVX^(!NDJ.'%5P
M\D?`MS_!N!Z0]!S1PS]@>].\CO#UR>^OZ90W_',EL.[TT"./\?(;$,$%!60P
M)P@A1(Y``/'#D+\`[QLLP0Q-(O!#G1[TL(<2(U2P01-)9%'%[D)<4,019WQ1
71AO+TP;&&S.\4$><4D1%,!]_K"<"`#L_
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
