-----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,
 Sc36kIvzgRlPg0FlDNRktAiHgFP0Fp3OzYp5PYWVEezMc7Y3LpV8lkgScUvJkYcP
 soDqlZZEthP6N9JdgegEtA==

<SEC-DOCUMENT>0000000000-07-009342.txt : 20070409
<SEC-HEADER>0000000000-07-009342.hdr.sgml : 20070409
<ACCEPTANCE-DATETIME>20070222104907
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000000000-07-009342
CONFORMED SUBMISSION TYPE:	UPLOAD
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20070222

FILED FOR:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NATIONAL GRID PLC
		CENTRAL INDEX KEY:			0001004315
		STANDARD INDUSTRIAL CLASSIFICATION:	NATURAL GAS TRANSMISSION [4922]
		IRS NUMBER:				980367158
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		UPLOAD

	BUSINESS ADDRESS:	
		STREET 1:		1-3 STRAND
		CITY:			LONDON
		STATE:			X0
		ZIP:			WC2N 5EH
		BUSINESS PHONE:		(44) 207 004 3220

	MAIL ADDRESS:	
		STREET 1:		1-3 STRAND
		CITY:			LONDON
		STATE:			X0
		ZIP:			WC2N 5EH

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NATIONAL GRID TRANSCO PLC
		DATE OF NAME CHANGE:	20021121

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NATIONAL GRID GROUP PLC
		DATE OF NAME CHANGE:	19991007

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NATIONAL GRID HOLDING PLC
		DATE OF NAME CHANGE:	19991007
</SEC-HEADER>
<DOCUMENT>
<TYPE>LETTER
<SEQUENCE>1
<FILENAME>filename1.pdf
<TEXT>
<PDF>
begin 644 filename1.pdf
M)5!$1BTQ+C0-)>+CS],-"C0X(#`@;V)J(#P\+TQI;F5A<FEZ960@,2],(#$S
M,C@U+T\@-3`O12`V-3<Y+TX@,2]4(#$R,C<X+T@@6R`U-38@,3<U73X^#65N
M9&]B:@T@("`@("`@("`@("`@("`@("`@#0IX<F5F#0HT."`Q,PT*,#`P,#`P
M,#`Q-B`P,#`P,"!N#0HP,#`P,#`P.#DW(#`P,#`P(&X-"C`P,#`P,#$Q-C(@
M,#`P,#`@;@T*,#`P,#`P,30P-"`P,#`P,"!N#0HP,#`P,#`Q.#0Q(#`P,#`P
M(&X-"C`P,#`P,#$X-S4@,#`P,#`@;@T*,#`P,#`P,CDS,B`P,#`P,"!N#0HP
M,#`P,#`S,S0T(#`P,#`P(&X-"C`P,#`P,#8P,3,@,#`P,#`@;@T*,#`P,#`P
M-C(U-2`P,#`P,"!N#0HP,#`P,#`V-3`S(#`P,#`P(&X-"C`P,#`P,#`W,S$@
M,#`P,#`@;@T*,#`P,#`P,#4U-B`P,#`P,"!N#0IT<F%I;&5R#0H\/"]3:7IE
M(#8Q+U!R978@,3(R-C<O6%)E9E-T;2`W,S$O4F]O="`T.2`P(%(O26YF;R`V
M(#`@4B])1%L\0CA!1C<X0S<Q-S8S0S-$,#8S04(W.3-!-4,Y03!#1$$^/$$Y
M03!!-S=&,D(Y.#%!-#1"-C8P,3<Y,31#0T)&,C(W/ET^/@T*<W1A<G1X<F5F
M#0HP#0HE)45/1@T*("`-"C8P(#`@;V)J/#PO3&5N9W1H(#@V+T,@.34O1FEL
M=&5R+T9L871E1&5C;V1E+TD@,3$W+TP@-SDO4R`S.3X^<W1R96%M#0IXVF)@
M8.!D8&"^S0`$HIH,J(`)B%D8.`XP&"`)<D(Q`X,2`P\OXV0&YO_BJ[QY&:XQ
M+8!IDG&%:K8`8D8&!DD6",WL"#>%C8%!3Q@BRJ@)$&``,1D("@T*96YD<W1R
M96%M#65N9&]B:@TU.2`P(&]B:CP\+TQE;F=T:"`R,"]&:6QT97(O1FQA=&5$
M96-O9&4O5ULQ(#$@,5TO26YD97A;-R`T,5TO1&5C;V1E4&%R;7,\/"]#;VQU
M;6YS(#,O4')E9&EC=&]R(#$R/CXO4VEZ92`T."]4>7!E+UA2968^/G-T<F5A
M;0T*>-IB8F)D8&)@8!S,&"#``"G,`'X-"F5N9'-T<F5A;0UE;F1O8FH--#D@
M,"!O8FH\/"]-87)K26YF;SP\+TQE='1E<G-P86-E1FQA9W,@,"]-87)K960@
M=')U93X^+TUE=&%D871A(#4@,"!2+U!I96-E26YF;SP\+TUA<FME9%!$1CP\
M+TQA<W1-;V1I9FEE9"A$.C(P,#<P,C(R,3`T-C0T*3X^/CXO4&%G97,@-"`P
M(%(O4&%G94QA>6]U="]/;F5#;VQU;6XO4W1R=6-T5')E95)O;W0@-R`P(%(O
M5'EP92]#871A;&]G+TQA;F<H14XM55,I+TQA<W1-;V1I9FEE9"A$.C(P,#<P
M,C(R,3`T-C0T*2]086=E3&%B96QS(#(@,"!2/CX-96YD;V)J#34P(#`@;V)J
M/#PO0W)O<$)O>%LP(#`@-C$R(#<Y,ETO4&%R96YT(#0@,"!2+U-T<G5C=%!A
M<F5N=',@,"]#;VYT96YT<R`U,R`P(%(O4F]T871E(#`O365D:6%";WA;,"`P
M(#8Q,B`W.3)=+U)E<V]U<F-E<SP\+T-O;&]R4W!A8V4\/"]#4S`@-3(@,"!2
M/CXO1F]N=#P\+U14,"`U,2`P(%(O5%0Q(#4T(#`@4CX^+U!R;V-3971;+U!$
M1B]497AT72]%>'1'4W1A=&4\/"]'4S`@-3@@,"!2/CX^/B]4>7!E+U!A9V4^
M/@UE;F1O8FH--3$@,"!O8FH\/"]3=6)T>7!E+U1R=654>7!E+T9O;G1$97-C
M<FEP=&]R(#4V(#`@4B],87-T0VAA<B`Q,C$O5VED=&AS6S(U,"`P(#`@,"`P
M(#`@,"`P(#`@,"`P(#`@,C4P(#,S,R`R-3`@,"`U,#`@-3`P(#4P,"`U,#`@
M,"`U,#`@-3`P(#4P,"`P(#`@,C<X(#`@,"`P(#`@,"`P(#<R,B`V-C<@-C8W
M(#<R,B`V,3$@-34V(#<R,B`W,C(@,"`P(#`@-C$Q(#@X.2`W,C(@,"`U-38@
M,"`V-C<@-34V(#8Q,2`W,C(@,"`Y-#0@,"`P(#`@,"`P(#`@,"`P(#`@-#0T
M(#4P,"`T-#0@-3`P(#0T-"`S,S,@-3`P(#4P,"`R-S@@,"`P(#(W."`W-S@@
M-3`P(#4P,"`U,#`@,"`S,S,@,S@Y(#(W."`U,#`@-3`P(#<R,B`U,#`@-3`P
M72]"87-E1F]N="]4:6UE<TYE=U)O;6%N4%--5"]&:7)S=$-H87(@,S(O16YC
M;V1I;F<O5VEN06YS:45N8V]D:6YG+U1Y<&4O1F]N=#X^#65N9&]B:@TU,B`P
M(&]B:ELO24-#0F%S960@-34@,"!270UE;F1O8FH--3,@,"!O8FH\/"],96YG
M=&@@.3@X+T9I;'1E<B]&;&%T941E8V]D93X^<W1R96%M#0I(B9Q6VV[;.!!]
M]U?,HP1$#&^Z%46!C6.G+9J@:+0HBJ`/JBW;7"A20,O-9K]^25&R*EM4U.:"
MD6CZS)#GS.7R,[Q]>WD[_W`-&-Z]N[J>P^QR?H]AM5<+^A?VJV)&0*CU&[6^
MW<^NDMEEDF`@D&QF&)*5VI4\ZZW)'@C6]C^])('0&D*94/UQCI1)'F<.N,D_
MLT4R6]QJ=UT(I`VAYZ*/PC`*^2@*G8!"`A0&HRAL`@JF*(Q&4?CK*$$4H7$0
M?P)(R%$T?KG!!)0`HVC\<L-!%(PPQH&6@M<^/O?9#WB`(G/CMZG(X;XJGX#Y
M`;$YBH8='>761V<41>.7&-L#9QI44<GC\!R91"C6P`\*F1#J:Q.%RIB?9?9#
M'E+Y`BX-?>Q0>M$^81R"^SWY."AT_%NGPQS%KV3.A-3Q8XSB<7;)A-SQPP#%
MX[E#)B2/'U`4CU-&AK.GYHQW8N-G%^;SV"A-(OA2;C,)?\MG45C]#"=8#4X[
M/_3<#_,1-L3<R/+P!/.=R#:P^#=;'2KQ,[,Z',[%3HQ>^WCJD!*$#85W:27*
M(LWA1HHU?/XTMSK[TY3U<8BP(9IX3&6L3(LU6-T,)ZP!)[6PFZ<3-SQF"$<F
MQ3Z5Q;HLX*L;.W.7.O0._,7["U@4VUS[MJ:3);F'TXF',2+C'60X/0D*J*\Q
M^W`!/Z95#:B^0'X)@.D0UNIP7Q9OP/4(9GB(/,O1Z$EBDZG:Y#[N"I='@KIR
M>77E<KVZ0BU+^:B.ZBUA4TI8BOU*!?0M2Z6Z[W6VAMM4KG;`R(7:I'1@C9#:
M(R1=A"?$$\Z!LV-/6(I<>?QX*#+EK'5H(8?9_8TF#Z>TZ9'V*U%AP%V)`(A'
M>.Q']E/SX2@LDL/1:Y,"'2E"?G<L_PR;Q<?N<*W)TT6O+G=OK*XLY6<X=A:]
MVC;H2(D9CSUH>\G#D0.=_)FBQX%=JDKHJGQT(^?))4Z>54HCY4&"S'Z*[!G*
M#;SH5RUDM<=H6=<)F>6IWKL1N2BV^WJM!BM*V!QDM5,=H296AT4ZD1)B!EF/
M(!*H:*]56-I_[.C_K*@45`753NRA$O42L@ODMP88QN)?*L@0W'")4U/+>45B
MM&U+#^V8`O=Z*B&.4(9'3F%FE)5^T[==&VD^:]YR\_9B=EX88STM&QEH^K&1
M8P>S3MX39AD:'WN3%69XEJF5&!XGOO,R0:.N'PV.?%]=@AV1YR+5$FC&O617
MZ^1IK]J7]9*&QZ*6PW-5T*#I5)9(_M*^:4MC8TH3T,&8ANG*L-FG?]N26ILK
M`]:H(#5@?:'L>E^8FR\TBZ*GGHU>9"=Z^5^``0!UHR0<#0IE;F1S=')E86T-
M96YD;V)J#34T(#`@;V)J/#PO4W5B='EP92]4<G5E5'EP92]&;VYT1&5S8W)I
M<'1O<B`U-R`P(%(O3&%S=$-H87(@,3$W+U=I9'1H<ULR-3`@,"`P(#`@,"`P
M(#`@,"`P(#`@,"`P(#(U,"`S,S,@,C4P(#`@-3`P(#4P,"`U,#`@-3`P(#4P
M,"`U,#`@-3`P(#`@-3`P(#4P,"`S,S,@,"`P(#`@,"`P(#`@,"`P(#<R,B`P
M(#8V-R`V,3$@-S<X(#`@,"`U,#`@,"`V-C<@.30T(#<R,B`P(#8Q,2`P(#<R
M,B`P(#`@,"`P(#`@,"`W,C(@,"`P(#`@,"`P(#`@,"`U,#`@,"`T-#0@-34V
M(#0T-"`S,S,@,"`U-38@,C<X(#`@,"`R-S@@.#,S(#4U-B`U,#`@,"`P(#0T
M-"`S.#D@,S,S(#4U-ETO0F%S949O;G0O5&EM97-.97=2;VUA;E!3+4)O;&1-
M5"]&:7)S=$-H87(@,S(O16YC;V1I;F<O5VEN06YS:45N8V]D:6YG+U1Y<&4O
M1F]N=#X^#65N9&]B:@TU-2`P(&]B:CP\+TQE;F=T:"`R-3<U+T9I;'1E<B]&
M;&%T941E8V]D92].(#,O06QT97)N871E+T1E=FEC95)'0CX^<W1R96%M#0I(
MB9R6>513=Q;'?V_)GI"5L,-C#5N`L`:0-6QAD1T$40A)"`$20DC8!4%$!11%
M1(2JE3+6;71&3T6=+JYCK0[6?>K2`_4PZN@XM!;7CIT7.$>=3F>FT^\?[_<Y
M]W?O[]W?O?>=\P"@)Z6JM=4P"P"-UJ#/2HS%%A448J0)``,*(`(1`#)YK2XM
M.R$'X)+&2[!:W`G\BYY>!Y!IO2),RL`P\/^)+=?I#0!`&3@'*)2U<IP[<:ZJ
M-^A,]AF<>:65)H91$^OQ!'&V-+%JGKWG?.8YVL0*C5:!LREGG4*C,/%IG%?7
M&94X(ZDX=]6IE?4X7\79I<JH4>/\W!2K4<IJ`4#I)KM!*2_'V0]GNCXG2X+S
M`@#(=-4[7/H.&Y0-!M.E)-6Z1KU:56[`W.4>F"@T5(PE*>NKE`:#,$,FKY3I
M%9BD6J.3:1L!F+_SG#BFVF)XD8-%H<'!0G\?T3N%^J^;OU"FWL[3D\RYGD'\
M"V]M/^=7/0J`>!:OS?JWMM(M`(RO!,#RYEN;R_L`,/&^';[XSGWXIGDI-QAT
M8;Z^]?7U/FJEW,=4T#?ZGPZ_0.^\S\=TW)OR8''*,IFQRH"9ZB:OKJHVZK%:
MG4RNQ(0_'>)?'?CS>7AG*<N4>J46C\C#ITRM5>'MUBK4!G6U%E-K_U,3?V78
M3S0_U[BX8Z\!K]@'L"[R`/*W"P#ET@!2M`W?@=[T+962!S+P-=_AWOS<SPGZ
M]U/A/M.C5JV:BY-DY6!RH[YN?L_T60("H`(FX`$K8`^<@3L0`G\0`L)!-(@'
MR2`=Y(`"L!3(03G0`#VH!RV@'72!'K`>;`+#8#L8`[O!?G`0C(./P0GP1W`>
M?`FN@5M@$DR#AV`&/`6O(`@B00R("UE!#I`KY`7Y0V(H$HJ'4J$LJ``J@520
M%C)"+=`*J`?JAX:A'=!NZ/?04>@$=`ZZ!'T%34$/H.^@ES`"TV$>;`>[P;ZP
M&(Z!4^`<>`FL@FO@)K@37@</P:/P/O@P?`(^#U^#)^&'\"P"$!K"1QP1(2)&
M)$@Z4HB4(7JD%>E&!I%19#]R##F+7$$FD4?("Y2(<E$,%:+A:!*:B\K1&K05
M[46'T5WH8?0T>@6=0F?0UP0&P9;@10@C2`F+""I"/:&+,$C82?B(<(9PC3!-
M>$HD$OE$`3&$F$0L(%80FXF]Q*W$`\3CQ$O$N\19$HED1?(B19#223*2@=1%
MVD+:1_J,=)DT37I.II$=R/[D!'(A64ON(`^2]Y`_)5\FWR._HK`HKI0P2CI%
M06FD]%'&*,<H%RG3E%=4-E5`C:#F4"NH[=0AZG[J&>IMZA,:C>9$"Z5ETM2T
MY;0AVN]HG].F:"_H'+HG74(OHAOIZ^@?TH_3OZ(_83`8;HQH1B'#P%C'V,TX
MQ?B:\=R,:^9C)C53F+69C9@=-KML]IA)8;HR8YA+F4W,0>8AYD7F(Q:%Y<:2
ML&2L5M8(ZRCK!FN6S66+V.EL#;N7O8=]CGV?0^*X<>(Y"DXGYP/.*<Y=+L)U
MYDJX<NX*[ACW#'>:1^0)>%)>!:^']UO>!&_&G&,>:)YGWF`^8OZ)^20?X;OQ
MI?PJ?A__(/\Z_Z6%G46,A=)BC<5^B\L6SRQM+*,ME9;=E@<LKUF^M,*LXJTJ
MK398C5O=L4:M/:TSK>NMMUF?L7YDP[,)MY';=-L<M+EI"]MZVF;9-MM^8'O!
M=M;.WB[13F>WQ>Z4W2-[OGVT?87]@/VG]@\<N`Z1#FJ'`8?/'/Z*F6,Q6!4V
MA)W&9AQM'9,<C8X['"<<7SD)G'*=.IP..-UQICJ+G<N<!YQ/.L^X.+BDN;2X
M['6YZ4IQ%;N6NVYV/>OZS$W@EN^VRFW<[;[`4B`5-`GV"FZ[,]RCW&O<1]VO
M>A`]Q!Z5'EL]OO2$/8,\RSU'/"]ZP5[!7FJOK5Z7O`G>H=Y:[U'O&T*Z,$98
M)]PKG/+A^Z3Z=/B,^SSV=?$M]-W@>];WM5^07Y7?F-\M$4>4+.H0'1-]Y^_I
M+_<?\;\:P`A("&@+.!+P;:!7H#)P6^"?@[A!:4&K@DX&_2,X)%@?O#_X08A+
M2$G(>R$WQ#QQAKA7_'DH(30VM"WTX]`78<%AAK"#87\/%X97AN\)O[]`L$"Y
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MOE<Z(Y?(-\L?*J(5`XH'R@AEO_)>6419?]E]581JH^I!>53Y8/DCM40]K/ZV
M(JEB>\6SRO3*#RM_K,JO.J`A:THT1[4<;:7V=+5]=4/U)9V7KDLW61-6LZEF
M1I^BWUD+U2ZI/6+@X3]3%XSNQI7&J;K(NI&ZY_5Y]8<:V`W:A@N-GHUK&N\U
M)33]IAEMEC>?;'%L:6^96A:S;$<KU%K:>K+-N:VS;7IYXO)=[=3VRO8_=?AU
M]'=\OR)_Q;%.N\[EG7=7)J[<VV76I>^ZL2I\U?;5Z&KUZHDU`6NVK'G=K>C^
MHL>O9[#GAUYY[Q=K16N'UOZXKFS=1%]PW[;UQ/7:]=<W1&W8U<_N;^J_NS%M
MX^$!;*![X/M-Q9O.#08.;M],W6S</#F4^D\`I`%;_IBXF229D)G\FFB:U9M"
MFZ^<')R)G/>=9)W2GD">KI\=GXN?^J!IH-BA1Z&VHB:BEJ,&HW:CYJ16I,>E
M.*6IIAJFBZ;]IVZGX*A2J,2I-ZFIJARJCZL"JW6KZ:Q<K-"M1*VXKBVNH:\6
MKXNP`+!UL.JQ8+'6LDNRPK,XLZZT);2<M1.UBK8!MGFV\+=HM^"X6;C1N4JY
MPKH[NK6[+KNGO"&\F[T5O8^^"KZ$OO^_>K_UP'#`[,%GP>/"7\+;PUC#U,11
MQ,[%2\7(QD;&P\=!Q[_(/<B\R3K)N<HXRK?+-LNVS#7,M<TUS;7.-LZVSS?/
MN-`YT+K1/-&^TC_2P=-$T\;42=3+U4[5T=95UMC77-?@V&38Z-ELV?':=MK[
MVX#<!=R*W1#=EMX<WJ+?*=^OX#;@O>%$X<SB4^+;XV/CZ^1SY/SEA.8-YI;G
M'^>IZ#+HO.E&Z=#J6^KEZW#K^^R&[1'MG.XH[K3O0._,\%CPY?%R\?_RC/,9
M\Z?T-/3"]5#UWO9M]OOWBO@9^*CY./G'^E?ZY_MW_`?\F/TI_;K^2_[<_VW_
M_P(,`/>$\_L*#0IE;F1S=')E86T-96YD;V)J#34V(#`@;V)J/#PO4W1E;58@
M.#(O1F]N=$YA;64O5&EM97-.97=2;VUA;E!3350O1F]N=%-T<F5T8V@O3F]R
M;6%L+T9O;G1796EG:'0@-#`P+T9L86=S(#,T+T1E<V-E;G0@+3(Q-B]&;VYT
M0D)O>%LM-38X("TS,#<@,C`P,"`Q,#`W72]!<V-E;G0@.#DQ+T9O;G1&86UI
M;'DH5&EM97,@3F5W(%)O;6%N*2]#87!(96EG:'0@-C4V+UA(96EG:'0@+34T
M-B]4>7!E+T9O;G1$97-C<FEP=&]R+TET86QI8T%N9VQE(#`^/@UE;F1O8FH-
M-3<@,"!O8FH\/"]3=&5M5B`Q,S8O1F]N=$YA;64O5&EM97-.97=2;VUA;E!3
M+4)O;&1-5"]&;VYT4W1R971C:"].;W)M86PO1F]N=%=E:6=H="`W,#`O1FQA
M9W,@,S0O1&5S8V5N="`M,C$V+T9O;G1"0F]X6RTU-3@@+3,P-R`R,#`P(#$P
M,C9=+T%S8V5N="`X.3$O1F]N=$9A;6EL>2A4:6UE<R!.97<@4F]M86XI+T-A
M<$AE:6=H="`V-38O6$AE:6=H="`M-30V+U1Y<&4O1F]N=$1E<V-R:7!T;W(O
M271A;&EC06YG;&4@,#X^#65N9&]B:@TU."`P(&]B:CP\+T]032`Q+T]0(&9A
M;'-E+V]P(&9A;'-E+U1Y<&4O17AT1U-T871E+U-!(&9A;'-E+U--(#`N,#(^
M/@UE;F1O8FH-,2`P(&]B:CP\+T9I<G-T(#,Q-"],96YG=&@@-S,X+T9I;'1E
M<B]&;&%T941E8V]D92].(#0Q+U1Y<&4O3V)J4W1M/CYS=')E86T-"GC:Y)9-
M3QLQ$(;_BJ5>VD-K>^S]DE"D\)$V`@(BJ7I`/2R)"2O";F0V+?GW?>TA)52J
M6I]ZZ`%&XWW]S.R\7DPAE"A%:44E3)8+K80I,J&UR',M-(E**:&-J*P5&J*R
M%!J/E2&A@[K`KP)R@@J/=`Y9A7VJ%&&),A(4.%4N"%N,58(,8ID)"D2#'#R+
MF@14ADT$7I8C!R]'/P1>GF4"4EV@&P->89&#5U3(P2L-<O#*$CEX%:`&O*H(
M[X-6T+0)+>7(*[2D,A%:T9D25B-6R-$J8=$:1/2'-R:#HBA%8286KV#1GP4O
M@_C@0)YB=$I<R<O:N[:?>><PQM<+$_?4G[JMT/*J6[GS>AU&'"2S[=K):>\W
M\ZB[ZKI^,`C,:TP=@C#U&"R'C$/.H>!0<HA%P\!CT!R80DPAIA!3B"G$%&(*
M,<4PQ3#%,,4PQ3#%,,4PQ3#%,,4PQ3+%,L4RQ3+%,L5&RE=Y*2)`3N74S7MY
M5K?+MR>3]Q\/W\5Y3#8/C]<JG,B@CDMWKEXX+R_EN%TUK9O>U1CEJ%ENO)/'
MOEL?U>M=>K'I@T1.UW4KIYN;Q[EOUOTN73N_OS"[&.+G".XMW1M2J'R#,L^/
M1O$1#&ON7;?9[8"[A]V3/&Z^R4GG'^H5NCII%VW7.RS@UPB^OF2?6S3^TM`G
MG(&0WG,ZZE:K[KM;_+*,VN-0?"Q'OGYPL=BK=T;?+!@,_K/#@\,P#!]F.#^G
M0N$LE<]G:>?&4F21%@_.GE8G:"E!:Q*T-D&;)6CS!&V1H"WWM+MO\'?:*L6+
M).-2G-,IUND4[[1-&(9.<4^GV*=3_--EBCC%04IQD/[&P6(G3G&04ARDE,^/
M4ARD%`<IQ4%*<9!2'#0I#IJ4;]`D_?G\HX.X$N=N>-L[+]0'%6_@X:I9XCKO
M:]_+"_P#L0WW\Q??]$V[/.\63I[YV0UO/'2WG7<_=XYQ'[=]3'%K[V41]I+_
MH\H%A=(_!!@`'%C5T0T*96YD<W1R96%M#65N9&]B:@TR(#`@;V)J/#PO3G5M
M<ULP(#,@,"!273X^#65N9&]B:@TS(#`@;V)J/#PO4R]$/CX-96YD;V)J#30@
M,"!O8FH\/"]#;W5N="`Q+U1Y<&4O4&%G97,O2VED<ULU,"`P(%)=/CX-96YD
M;V)J#34@,"!O8FH\/"]3=6)T>7!E+UA-3"],96YG=&@@-#,W-2]4>7!E+TUE
M=&%D871A/CYS=')E86T-"CP_>'!A8VME="!B96=I;CTB[[N_(B!I9#TB5S5-
M,$UP0V5H:4AZ<F53>DY48WIK8SED(C\^"CQX.GAM<&UE=&$@>&UL;G,Z>#TB
M861O8F4Z;G,Z;65T82\B('@Z>&UP=&L](C,N,2TW,#$B/@H@("`\<F1F.E)$
M1B!X;6QN<SIR9&8](FAT='`Z+R]W=W<N=S,N;W)G+S$Y.3DO,#(O,C(M<F1F
M+7-Y;G1A>"UN<R,B/@H@("`@("`\<F1F.D1E<V-R:7!T:6]N(')D9CIA8F]U
M=#TB(@H@("`@("`@("`@("!X;6QN<SIP9&8](FAT='`Z+R]N<RYA9&]B92YC
M;VTO<&1F+S$N,R\B/@H@("`@("`@("`\<&1F.E!R;V1U8V5R/D%C<F]B870@
M1&ES=&EL;&5R(#<N,"XU("A7:6YD;W=S*3PO<&1F.E!R;V1U8V5R/@H@("`@
M("`\+W)D9CI$97-C<FEP=&EO;CX*("`@("`@/')D9CI$97-C<FEP=&EO;B!R
M9&8Z86)O=70](B(*("`@("`@("`@("`@>&UL;G,Z<&1F>#TB:'1T<#HO+VYS
M+F%D;V)E+F-O;2]P9&9X+S$N,R\B/@H@("`@("`@("`\<&1F>#I#;VUP86YY
M/E-E8W5R:71I97,@86YD($5X:&%N9V4@0V]M;6ES<VEO;CPO<&1F>#I#;VUP
M86YY/@H@("`@("`@("`\<&1F>#I3;W5R8V5-;V1I9FEE9#Y$.C(P,#<P,C(R
M,34T-C$P/"]P9&9X.E-O=7)C94UO9&EF:65D/@H@("`@("`\+W)D9CI$97-C
M<FEP=&EO;CX*("`@("`@/')D9CI$97-C<FEP=&EO;B!R9&8Z86)O=70](B(*
M("`@("`@("`@("`@>&UL;G,Z>&%P/2)H='1P.B\O;G,N861O8F4N8V]M+WAA
M<"\Q+C`O(CX*("`@("`@("`@/'AA<#I#<F5A=&5$871E/C(P,#<M,#(M,C)4
M,3`Z-#8Z,S4M,#4Z,#`\+WAA<#I#<F5A=&5$871E/@H@("`@("`@("`\>&%P
M.D-R96%T;W)4;V]L/D%C<F]B870@4$1&36%K97(@-RXP+C<@9F]R(%=O<F0\
M+WAA<#I#<F5A=&]R5&]O;#X*("`@("`@("`@/'AA<#I-;V1I9GE$871E/C(P
M,#<M,#(M,C)4,3`Z-#8Z-#4M,#4Z,#`\+WAA<#I-;V1I9GE$871E/@H@("`@
M("`@("`\>&%P.DUE=&%D871A1&%T93XR,#`W+3`R+3(R5#$P.C0V.C0U+3`U
M.C`P/"]X87`Z365T861A=&%$871E/@H@("`@("`\+W)D9CI$97-C<FEP=&EO
M;CX*("`@("`@/')D9CI$97-C<FEP=&EO;B!R9&8Z86)O=70](B(*("`@("`@
M("`@("`@>&UL;G,Z>&%P34T](FAT='`Z+R]N<RYA9&]B92YC;VTO>&%P+S$N
M,"]M;2\B/@H@("`@("`@("`\>&%P34TZ1&]C=6UE;G1)1#YU=6ED.C`Y-S(U
M-V%B+3!F-C<M-#@W92UB8S5C+3,W,C(R,60Q-C,T8SPO>&%P34TZ1&]C=6UE
M;G1)1#X*("`@("`@("`@/'AA<$U-.DEN<W1A;F-E240^=75I9#HX.3(T9#8X
M-"TY93(R+31C83,M.#$Y.2TS9C%C93AF,S$V.6$\+WAA<$U-.DEN<W1A;F-E
M240^"B`@("`@("`@(#QX87!-33I697)S:6]N240^"B`@("`@("`@("`@(#QR
M9&8Z4V5Q/@H@("`@("`@("`@("`@("`\<F1F.FQI/C0\+W)D9CIL:3X*("`@
M("`@("`@("`@/"]R9&8Z4V5Q/@H@("`@("`@("`\+WAA<$U-.E9E<G-I;VY)
M1#X*("`@("`@/"]R9&8Z1&5S8W)I<'1I;VX^"B`@("`@(#QR9&8Z1&5S8W)I
M<'1I;VX@<F1F.F%B;W5T/2(B"B`@("`@("`@("`@('AM;&YS.F1C/2)H='1P
M.B\O<'5R;"YO<F<O9&,O96QE;65N=',O,2XQ+R(^"B`@("`@("`@(#QD8SIF
M;W)M870^87!P;&EC871I;VXO<&1F/"]D8SIF;W)M870^"B`@("`@("`@(#QD
M8SIT:71L93X*("`@("`@("`@("`@/')D9CI!;'0^"B`@("`@("`@("`@("`@
M(#QR9&8Z;&D@>&UL.FQA;F<](G@M9&5F875L="(^06-C="!%>&%M:6YA=&EO
M;B!297!O<G0\+W)D9CIL:3X*("`@("`@("`@("`@/"]R9&8Z06QT/@H@("`@
M("`@("`\+V1C.G1I=&QE/@H@("`@("`@("`\9&,Z8W)E871O<CX*("`@("`@
M("`@("`@/')D9CI397$^"B`@("`@("`@("`@("`@(#QR9&8Z;&D^52Y3+CPO
M<F1F.FQI/@H@("`@("`@("`@("`\+W)D9CI397$^"B`@("`@("`@(#PO9&,Z
M8W)E871O<CX*("`@("`@("`@/&1C.G-U8FIE8W0^"B`@("`@("`@("`@(#QR
M9&8Z4V5Q/@H@("`@("`@("`@("`@("`\<F1F.FQI+SX*("`@("`@("`@("`@
M/"]R9&8Z4V5Q/@H@("`@("`@("`\+V1C.G-U8FIE8W0^"B`@("`@(#PO<F1F
M.D1E<V-R:7!T:6]N/@H@("`@("`\<F1F.D1E<V-R:7!T:6]N(')D9CIA8F]U
M=#TB(@H@("`@("`@("`@("!X;6QN<SIP:&]T;W-H;W`](FAT='`Z+R]N<RYA
M9&]B92YC;VTO<&AO=&]S:&]P+S$N,"\B/@H@("`@("`@("`\<&AO=&]S:&]P
M.FAE861L:6YE/@H@("`@("`@("`@("`\<F1F.E-E<3X*("`@("`@("`@("`@
M("`@/')D9CIL:2\^"B`@("`@("`@("`@(#PO<F1F.E-E<3X*("`@("`@("`@
M/"]P:&]T;W-H;W`Z:&5A9&QI;F4^"B`@("`@(#PO<F1F.D1E<V-R:7!T:6]N
M/@H@("`\+W)D9CI21$8^"CPO>#IX;7!M971A/@H@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`*("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M(`H@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@"B`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@
M("`@("`@("`@("`@("`@("`@("`@("`*("`@("`@("`@("`@("`@("`@("`@
M("`@("`@"CP_>'!A8VME="!E;F0](G<B/SX-"F5N9'-T<F5A;0UE;F1O8FH-
M-B`P(&]B:CP\+T-R96%T:6]N1&%T92A$.C(P,#<P,C(R,3`T-C,U+3`U)S`P
M)RDO075T:&]R*%4N4RXI+T-R96%T;W(H06-R;V)A="!01$9-86ME<B`W+C`N
M-R!F;W(@5V]R9"DO4')O9'5C97(H06-R;V)A="!$:7-T:6QL97(@-RXP+C4@
M7"A7:6YD;W=S7"DI+TUO9$1A=&4H1#HR,#`W,#(R,C$P-#8T-2TP-2<P,"<I
M+T-O;7!A;GDH4V5C=7)I=&EE<R!A;F0@17AH86YG92!#;VUM:7-S:6]N*2]3
M;W5R8V5-;V1I9FEE9"A$.C(P,#<P,C(R,34T-C$P*2]4:71L92A!8V-T($5X
M86UI;F%T:6]N(%)E<&]R="D^/@UE;F1O8FH->')E9@T*,"`T.`T*,#`P,#`P
M,#`P,"`V-34S-2!F#0HP,#`P,#`V-3<Y(#`P,#`P(&X-"C`P,#`P,#<T,3(@
M,#`P,#`@;@T*,#`P,#`P-S0T-2`P,#`P,"!N#0HP,#`P,#`W-#8X(#`P,#`P
M(&X-"C`P,#`P,#<U,3D@,#`P,#`@;@T*,#`P,#`Q,3DW,"`P,#`P,"!N#0HP
M,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P
M,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@
M-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U
M(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP
M,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P
M,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@
M-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U
M(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP
M,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P
M,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@
M-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U
M(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP
M,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P
M,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@
M-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U
M(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P,#`P,"`V-34S-2!F#0HP
M,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@-C4U,S4@9@T*,#`P,#`P
M,#`P,"`V-34S-2!F#0HP,#`P,#`P,#`P(#8U-3,U(&8-"C`P,#`P,#`P,#`@
M-C4U,S4@9@T*=')A:6QE<@T*/#PO4VEZ92`T.#X^#0IS=&%R='AR968-"C$Q
*-@T*)25%3T8-"C\_
`
end
</PDF>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
