<SUBMISSION>
<ACCESSION-NUMBER>0000790730-06-000008
<TYPE>10-Q
<PUBLIC-DOCUMENT-COUNT>4
<PERIOD>20060604
<FILING-DATE>20060713
<DATE-OF-FILING-DATE-CHANGE>20060713
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>AMERON INTERNATIONAL CORP
<CIK>0000790730
<ASSIGNED-SIC>3270
<IRS-NUMBER>770100596
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>1130
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>10-Q
<ACT>34
<FILE-NUMBER>001-09102
<FILM-NUMBER>06960895
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>245 S LOS ROBLES AVE
<CITY>PASADENA
<STATE>CA
<ZIP>91101
<PHONE>6266834000
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>245 S LOS ROBLES AVE
<CITY>PASADENA
<STATE>CA
<ZIP>91101
</MAIL-ADDRESS>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>AMERON INC/DE
<DATE-CHANGED>19920703
</FORMER-COMPANY>
</FILER>
<DOCUMENT>
<TYPE>10-Q
<SEQUENCE>1
<FILENAME>ameron_10q206v06.htm
<DESCRIPTION>AMERON 10Q 2Q06
<TEXT>
<html>

<head>
<title>Ameron 10K 2Q06</title>
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<div class=Section1>

<p class=MsoNormal align=center style='text-align:center; margin-top:0; margin-bottom:0'><b><font size="5">UNITED STATES</font></b></p>

<p class=MsoNormal align=center style='text-align:center; margin-top:0; margin-bottom:0'><b><font size="5">SECURITIES AND EXCHANGE COMMISSION
</font> </b></p>

<p class=MsoNormal align=center style='text-align:center'><font size="4">Washington, D.C. 20549</font></p>

<p class=MsoNormal align=center style='text-align:center'><b><font size="5">FORM 10-Q</font></b></p>

<p align=center style='text-align:center'><strong><font size="2">(Mark
One) </font> </strong></p>

<p class=MsoNormal align=center style='text-align:center; margin-top:0; margin-bottom:0'><b>/X/ QUARTERLY
REPORT PURSUANT TO SECTION 13 OR 15(d)OF </b></p>

<p class=MsoNormal align=center style='text-align:center; margin-top:0; margin-bottom:0'><b>THE SECURITIES
EXCHANGE ACT OF 1934 </b></p>

<p class=MsoNormal align=center style='text-align:center'><b><font size="2">For the quarterly period ended June 4, 2006</font></b></p>

<p class=MsoNormal align=center style='text-align:center'><b>or</b></p>

<p class=MsoNormal align=center style='text-align:center; margin-top:0; margin-bottom:0'><b>/&nbsp; /
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF </b></p>

<p class=MsoNormal align=center style='text-align:center; margin-top:0; margin-bottom:0'><b>THE SECURITIES
EXCHANGE ACT OF 1934 </b></p>

<p class=MsoNormal align=center style='text-align:center'><b><font size="2">For the transition period from _______________ to
_______________ </font> </b></p>

<p align=center style='text-align:center'><b><font size="2">Commission
File No. 1 - 9102 </font> </b></p>

<p class=MsoNormal align=center style='text-align:center; margin-top:0; margin-bottom:0'><strong>
<font size="5">AMERON INTERNATIONAL CORPORATION </font> </strong></p>

<p class=MsoNormal align=center style='text-align:center; margin-top:0; margin-bottom:0'>
<font size="2">(Exact name of registrant as specified in its charter)</font></p>

<div align=center>

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  <td width=300 style='width:225.0pt;padding:0in 0in 0in 0in;height:48.75pt'>
  <p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>
	<font size="2">DELAWARE</font></b></p>
  <p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'>
	<font size="2">(State or other jurisdiction of</font></p>
  <p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'>
	<font size="2">incorporation or organization) </font> </p>
  </td>
  <td style='padding:0in 0in 0in 0in;height:48.75pt'>
  <p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>
	<font size="2">77-0100596</font></b></p>
  <p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'>
	<font size="2">(I.R.S. Employer</font></p>
  <p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'>
	<font size="2">Identification No.)</font></p>
  </td>
 </tr>
</table>

</div>

<p align=center style='text-align:center'><b><font size="2">245
 South Los Robles Avenue<br>
  Pasadena, California 91101-3638</font></b><font size="2"><br>
(Address of principal executive offices)</font></p>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>
<font size="2">(626)&nbsp;683-4000 <br>
</font>
</b><font size="2">(Registrant's telephone number,
including area code)</font></p>

<p><font size="2">Indicate by check mark whether the registrant
(1) has filed all reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months (or for such
shorter period that the registrant was required to file such reports), and (2)
has been subject to such filing requirements for the past 90 days.&nbsp; Yes /<b>x</b>/&nbsp;No
/ /</font></p>

<p><font size="2">Indicate by check mark whether the registrant
is a large accelerated filer, an accelerated filer, or a non-accelerated filer
(as defined in Rule 12b-2 of the Exchange Act).</font></p>

<p align=center style='text-align:center'><font size="2">Large
accelerated filer / /&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accelerated filer
/<b>x</b>/&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-accelerated filer / /</font></p>

<p class=style0 style='margin-top:0in;margin-right:0in;margin-bottom:6.0pt;
margin-left:0in'><font size="2">Indicate by check mark whether
the registrant is a shell company (as defined in Rule 12b-2 of the Act).&nbsp;
Yes <b>/ /</b>&nbsp;No /<b>x</b>/</font></p>

<p><font size="2">The number of outstanding shares of Common
Stock, $2.50 par value, was 8,798,711 on June 4, 2006.&nbsp; No other class of Common Stock exists.</font></p>

<font size="2">
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<HR align=center width="100%" color=#999999 SIZE=3>

<p align=center style='margin:0 0in;text-align:center; margin-bottom:0'><b>
<font size="2">AMERON INTERNATIONAL CORPORATION</font></b></p>

<p style='margin:0 0in;'>&nbsp;</p>

<p align=center style='margin:0 0in;text-align:center; margin-bottom:0'><b>
<font size="2">FORM 10-Q</font></b></p>

<p style='margin:0 0in;'>&nbsp;</p>

<p align=center style='margin:0 0in;text-align:center; margin-bottom:0'><b>
<font size="2">For the Quarter Ended June 4, 2006</font></b></p>

<p style='margin:0 0in;'>&nbsp;</p>

<p align=center style='margin:0 0in;text-align:center; margin-bottom:0'><b>
<font size="2">INDEX</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<div align=center>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="80%"
 style='width:80.0%;border-collapse:collapse'>
 <tr>
  <td width="12%" valign=top style='width:12.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;</font></p>
  </td>
  <td width="6%" valign=top style='width:6.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;</font></p>
  </td>
  <td width="2%" valign=top style='width:2.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=top style='width:2.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;</font></p>
  </td>
  <td width="73%" valign=top style='width:73.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;</font></p>
  </td>
  <td width="5%" valign=top style='width:5.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=center style='text-align:center; margin-top:0; margin-bottom:0'><b>
	<font size="1">Page</font></b></p>

  <div class=MsoNormal align=center style='text-align:center'>
  <hr size=1 width="100%" noshade color=black align=center>
  </div>
  </td>
 </tr>
 <tr>
  <td width="12%" valign=top style='width:12.0%;padding:0in 0in 0in 0in'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><b><i><font size="2">Part&nbsp;I.</font></i></b></p>
  </td>
  <td colspan=4 valign=top style='padding:0in 0in 0in 0in'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><b><i><font size="2">Financial Information</font></i></b></p>
  </td>
  <td width="5%" valign=bottom style='width:5.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=center style='text-align:center'><font size="2">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="12%" valign=top style='width:12.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;</font></p>
  </td>
  <td width="6%" valign=top style='width:6.0%;padding:0in 0in 0in 0in'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><font size="2">Item 1.</font></p>
  </td>
  <td width="2%" valign=top style='width:2.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td colspan=2 valign=top style='padding:0in 0in 0in 0in'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><font size="2">Consolidated Financial Statements</font></p>
  </td>
  <td width="5%" valign=bottom style='width:5.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=center style='text-align:center'><font size="2">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="12%" valign=top style='width:12.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;</font></p>
  </td>
  <td width="6%" valign=top style='width:6.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;</font></p>
  </td>
  <td width="2%" valign=top style='width:2.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=top style='width:2.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="73%" valign=top style='width:73.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">Consolidated Statements of
  Income</font></p>
  </td>
  <td width="5%" valign=bottom style='width:5.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=center style='text-align:center'><font size="2">3</font></p>
  </td>
 </tr>
 <tr>
  <td width="12%" valign=top style='width:12.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;</font></p>
  </td>
  <td width="6%" valign=top style='width:6.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;</font></p>
  </td>
  <td width="2%" valign=top style='width:2.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=top style='width:2.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="73%" valign=top style='width:73.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">Consolidated Balance Sheets</font></p>
  </td>
  <td width="5%" valign=bottom style='width:5.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=center style='text-align:center'><font size="2">4</font></p>
  </td>
 </tr>
 <tr>
  <td width="12%" valign=top style='width:12.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;</font></p>
  </td>
  <td width="6%" valign=top style='width:6.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;</font></p>
  </td>
  <td width="2%" valign=top style='width:2.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=top style='width:2.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="73%" valign=top style='width:73.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">Consolidated Statements of
  Cash Flows</font></p>
  </td>
  <td width="5%" valign=bottom style='width:5.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=center style='text-align:center'><font size="2">5</font></p>
  </td>
 </tr>
 <tr>
  <td width="12%" valign=top style='width:12.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;</font></p>
  </td>
  <td width="6%" valign=top style='width:6.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;</font></p>
  </td>
  <td width="2%" valign=top style='width:2.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=top style='width:2.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="73%" valign=top style='width:73.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">Notes to Consolidated
  Financial Statements</font></p>
  </td>
  <td width="5%" valign=bottom style='width:5.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=center style='text-align:center'><font size="2">6</font></p>
  </td>
 </tr>
 <tr>
  <td width="12%" style='width:12.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="6%" style='width:6.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" style='width:2.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" style='width:2.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="73%" style='width:73.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="5%" valign=bottom style='width:5.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=center style='text-align:center'>&nbsp;</p>
  </td>
 </tr>
 <tr style='height:10.5pt'>
  <td width="12%" valign=top style='width:12.0%;padding:0in 0in 0in 0in;
  height:10.5pt'>
  <p class=MsoNormal><font size="2">&nbsp;</font></p>
  </td>
  <td width="6%" valign=top style='width:6.0%;padding:0in 0in 0in 0in;
  height:10.5pt'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><font size="2">Item 2.</font></p>
  </td>
  <td width="2%" valign=top style='width:2.0%;padding:0in 0in 0in 0in;
  height:10.5pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td colspan=2 valign=top style='padding:0in 0in 0in 0in;height:10.5pt'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><font size="2">Management's Discussion and Analysis of Financial Condition and
  Results of Operations</font></p>
  </td>
  <td width="5%" style='width:5.0%;padding:0in 0in 0in 0in;height:10.5pt'>
  <p class=MsoNormal align=center style='text-align:center;line-height:10.5pt'>
	<font size="2">17</font></p>
  </td>
 </tr>
 <tr>
  <td width="12%" valign=top style='width:12.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;</font></p>
  </td>
  <td width="6%" valign=top style='width:6.0%;padding:0in 0in 0in 0in'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><font size="2">Item 3.</font></p>
  </td>
  <td width="2%" valign=top style='width:2.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td colspan=2 valign=top style='padding:0in 0in 0in 0in'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><font size="2">Quantitative and Qualitative Market Risk Disclosures</font></p>
  </td>
  <td width="5%" valign=bottom style='width:5.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=center style='text-align:center'><font size="2">24</font></p>
  </td>
 </tr>
 <tr>
  <td width="12%" valign=top style='width:12.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;</font></p>
  </td>
  <td width="6%" valign=top style='width:6.0%;padding:0in 0in 0in 0in'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><font size="2">Item 4.</font></p>
  </td>
  <td width="2%" valign=top style='width:2.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td colspan=2 valign=top style='padding:0in 0in 0in 0in'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><font size="2">Controls and Procedures</font></p>
  </td>
  <td width="5%" valign=bottom style='width:5.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=center style='text-align:center'><font size="2">24</font></p>
  </td>
 </tr>
 <tr>
  <td width="12%" style='width:12.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td colspan=4 style='padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="5%" style='width:5.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=center style='text-align:center'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width="12%" valign=top style='width:12.0%;padding:0in 0in 0in 0in'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><b><i><font size="2">Part&nbsp;II.</font></i></b></p>
  </td>
  <td colspan=4 valign=top style='padding:0in 0in 0in 0in'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><b><i><font size="2">Other Information</font></i></b></p>
  </td>
  <td width="5%" valign=bottom style='width:5.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=center style='text-align:center'><font size="2">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="12%" valign=top style='width:12.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;</font></p>
  </td>
  <td width="6%" valign=top style='width:6.0%;padding:0in 0in 0in 0in'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><font size="2">Item 1.</font></p>
  </td>
  <td width="2%" valign=top style='width:2.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td colspan=2 valign=top style='padding:0in 0in 0in 0in'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><font size="2">Legal Proceedings</font></p>
  </td>
  <td width="5%" valign=bottom style='width:5.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=center style='text-align:center'><font size="2">24</font></p>
  </td>
 </tr>
 <tr>
  <td width="12%" valign=top style='width:12.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;</font></p>
  </td>
  <td width="6%" valign=top style='width:6.0%;padding:0in 0in 0in 0in'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><font size="2">Item 2.</font></p>
  </td>
  <td width="2%" valign=top style='width:2.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td colspan=2 valign=top style='padding:0in 0in 0in 0in'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><font size="2">Unregistered Sales of Equity Securities and Use of Proceeds</font></p>
  </td>
  <td width="5%" valign=bottom style='width:5.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=center style='text-align:center'><font size="2">25</font></p>
  </td>
 </tr>
 <tr>
  <td width="12%" valign=top style='width:12.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;</font></p>
  </td>
  <td width="6%" valign=top style='width:6.0%;padding:0in 0in 0in 0in'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><font size="2">Item 4.</font></p>
  </td>
  <td width="2%" valign=top style='width:2.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td colspan=2 valign=top style='padding:0in 0in 0in 0in'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><font size="2">Submission of Matters to a Vote of Security Holders</font></p>
  </td>
  <td width="5%" valign=bottom style='width:5.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=center style='text-align:center'><font size="2">25</font></p>
  </td>
 </tr>
 <tr>
  <td width="12%" valign=top style='width:12.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;</font></p>
  </td>
  <td width="6%" valign=top style='width:6.0%;padding:0in 0in 0in 0in'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><font size="2">Item&nbsp;6.</font></p>
  </td>
  <td width="2%" valign=top style='width:2.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td colspan=2 valign=top style='padding:0in 0in 0in 0in'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><font size="2">Exhibits and Reports on Form 8-K</font></p>
  </td>
  <td width="5%" valign=bottom style='width:5.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=center style='text-align:center'><font size="2">26</font></p>
  </td>
 </tr>
 <tr>
  <td width="12%" valign=top style='width:12.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="6%" valign=top style='width:6.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=top style='width:2.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td colspan=2 valign=top style='padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="5%" valign=bottom style='width:5.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=center style='text-align:center'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width="20%" colspan=3 valign=top style='width:20.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><b><i><font size="2">Signature Page</font></i></b></p>
  </td>
  <td colspan=2 valign=top style='padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="5%" valign=bottom style='width:5.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=center style='text-align:center'><font size="2">27</font></p>
  </td>
 </tr>
 <tr>
  <td width="12%" valign=top style='width:12.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="6%" valign=top style='width:6.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=top style='width:2.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td colspan=2 valign=top style='padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="5%" valign=bottom style='width:5.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=center style='text-align:center'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width="12%" valign=top style='width:12.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><b><i><font size="2">Certifications</font></i></b></p>
  </td>
  <td width="6%" valign=top style='width:6.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=top style='width:2.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td colspan=2 valign=top style='padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="5%" valign=bottom style='width:5.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=center style='text-align:center'>&nbsp;</p>
  </td>
 </tr>
</table>

</div>

<b><br clear=all
style='page-break-before:always'>
</b>

<HR align=center width="100%" color=#999999 SIZE=3>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>
<font size="2">AMERON INTERNATIONAL CORPORATION AND SUBSIDIARIES</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><b><font size="2">PART
I.&nbsp; FINANCIAL INFORMATION</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><b><font size="2">Item
1. Financial Statements</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><b><font size="2">CONSOLIDATED
STATEMENTS OF INCOME (UNAUDITED)</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<div align=center>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%"
 style='width:100.18%;border-collapse:collapse'>
 <tr style='height:11.25pt'>
  <td width="50%" valign=top style='width:50.9%;background:white;padding:0in;
  '>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:white;padding:0in;
  '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="21%" colspan=5 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; background:white; padding:0in; '>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center; margin-top:0'><b>
	<font size="1">Three Months Ended</font></b></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:white;padding:0in;
  '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="22%" colspan=5 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; background:white; padding:0in; '>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center; margin-top:0'><b>
	<font size="1">Six Months Ended</font></b></p>
  </td>
  <td width="1%" valign=bottom style='width:1.0%;background:white;padding:0in;
  '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign=bottom style='width:50.9%;background:white;padding:
  0in 0in 0in 0in'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><b><font size="1">(In thousands, except share and per share data)</font></b></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="9%" colspan=2 valign=bottom style='width:9.98%;border:none;
  background:white;padding:0in 0in 0in 0in'>
  <div style='border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in'>
  <p class=MsoNormal align=center style='text-align:center;border:medium none;
  padding:0in; margin-top:0; margin-bottom:2px'><b><font size="1">June 4,<br>
  2006</font></b></p>
  </div>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;border:none;border-top:solid windowtext 1.0pt;
  background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal style='margin-top:0; margin-bottom:3px'>&nbsp;</p>
  </td>
  <td width="9%" colspan=2 valign=bottom style='width:9.98%;border:none;
  border-top:solid windowtext 1.0pt;background:white;padding:0in 0in 0in 0in'>
  <div style='border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in'>
  <p class=MsoNormal align=center style='text-align:center;border:medium none;
  padding:0in; margin-top:0; margin-bottom:2px'><b><font size="1">May 29,<br>
  2005</font></b></p>
  </div>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal style='margin-top:0; margin-bottom:3px'>&nbsp;</p>
  </td>
  <td width="10%" colspan=2 valign=bottom style='width:10.16%;border:none;
  background:white;padding:0in 0in 0in 0in'>
  <div style='border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in'>
  <p class=MsoNormal align=center style='text-align:center;border:medium none;
  padding:0in; margin-top:0; margin-bottom:2px'><b><font size="1">June 4,<br>
  2006</font></b></p>
  </div>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;border:none;border-top:solid windowtext 1.0pt;
  background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal style='margin-top:0; margin-bottom:3px'>&nbsp;</p>
  </td>
  <td width="9%" colspan=2 valign=bottom style='width:9.98%;border:none;
  border-top:solid windowtext 1.0pt;background:white;padding:0in 0in 0in 0in'>
  <div style='border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 1.0pt 0in'>
  <p class=MsoNormal align=center style='text-align:center;border:medium none;
  padding:0in; margin-top:0; margin-bottom:2px'><b><font size="1">May 29,<br>
  2005</font></b></p>
  </div>
  </td>
  <td width="1%" valign=bottom style='width:1.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign=top style='width:50.9%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><font size="2">Sales</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">193,699</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">176,205</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td width="8%" valign=bottom style='width:8.18%;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">368,991</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">315,017</font></p>
  </td>
  <td width="1%" valign=bottom style='width:1.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign=top style='width:50.9%;padding:0in 0in 0in 0in'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><font size="2">Cost of Sales</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;border:none;border-bottom:
  solid black 1.0pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;border:none;border-bottom:
  solid black 1.0pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(141,809</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;border:none;border-bottom:
  solid black 1.0pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;border:none;border-bottom:
  solid black 1.0pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(131,387</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;border:none;border-bottom:
  solid black 1.0pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td width="8%" valign=bottom style='width:8.18%;border:none;border-bottom:
  solid black 1.0pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(275,186</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;border:none;border-bottom:
  solid black 1.0pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;border:none;border-bottom:
  solid black 1.0pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(237,187</font></p>
  </td>
  <td width="1%" valign=bottom style='width:1.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
 </tr>
 <tr style='height:15.0pt'>
  <td width="50%" valign=top style='width:50.9%;background:#CCEEFF;padding:
  0in 0in 0in 0in;height:15.0pt'>
  <p class=MsoNormal><font size="2">Gross Profit</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in;height:15.0pt'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in;height:15.0pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;background:#CCEEFF;
  padding:0in 0in 0in 0in;height:15.0pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">51,890</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in;height:15.0pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in;height:15.0pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;background:#CCEEFF;
  padding:0in 0in 0in 0in;height:15.0pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">44,818</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in;height:15.0pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in;height:15.0pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="8%" valign=bottom style='width:8.18%;background:#CCEEFF;
  padding:0in 0in 0in 0in;height:15.0pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">93,805</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in;height:15.0pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in;height:15.0pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;background:#CCEEFF;
  padding:0in 0in 0in 0in;height:15.0pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">77,830</font></p>
  </td>
  <td width="1%" valign=bottom style='width:1.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in;height:15.0pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign=top style='width:50.9%;background:white;padding:0in 0in 0in 0in'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;background:white;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;background:white;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="8%" valign=bottom style='width:8.18%;background:white;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;background:white;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td width="1%" valign=bottom style='width:1.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign=top style='width:50.9%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">Selling, General and
  Administrative Expenses</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(38,404</font></p>
  </td>
  <td width="2%" style='width:2.0%;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(40,024</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="8%" valign=bottom style='width:8.18%;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(75,859</font></p>
  </td>
  <td width="2%" style='width:2.0%;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(72,999</font></p>
  </td>
  <td width="1%" valign=bottom style='width:1.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign=top style='width:50.9%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">Other Income, Net</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;border:none;border-bottom:
  solid black 1.0pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;border:none;border-bottom:
  solid black 1.0pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">10,249</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;border:none;border-bottom:
  solid black 1.0pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;border:none;border-bottom:
  solid black 1.0pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">809</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;border:none;border-bottom:
  solid black 1.0pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="8%" valign=bottom style='width:8.18%;border:none;border-bottom:
  solid black 1.0pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">11,206</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;border:none;border-bottom:
  solid black 1.0pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;border:none;border-bottom:
  solid black 1.0pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">1,976</font></p>
  </td>
  <td width="1%" valign=bottom style='width:1.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign=top style='width:50.9%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><font size="2">Income before Interest, Income Taxes and Equity in Earnings of Joint</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  &nbsp;</td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  &nbsp;</td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="8%" valign=bottom style='width:8.18%;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  &nbsp;</td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  &nbsp;</td>
  <td width="1%" valign=bottom style='width:1.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign=top style='width:50.9%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p style='margin-left:.25in;text-indent:-6.0pt'><font size="2">Venture</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">23,735</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">5,603</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="8%" valign=bottom style='width:8.18%;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">29,152</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">6,807</font></p>
  </td>
  <td width="1%" valign=bottom style='width:1.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign=top style='width:50.9%;background:white;padding:0in 0in 0in 0in'>
  <font size="2">Interest
	Expense, Net</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;border:none;border-bottom:
  solid black 1.0pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;border:none;border-bottom:
  solid black 1.0pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(924</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;border:none;border-bottom:
  solid black 1.0pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;border:none;border-bottom:
  solid black 1.0pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(1,110</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;border:none;border-bottom:
  solid black 1.0pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="8%" valign=bottom style='width:8.18%;border:none;border-bottom:
  solid black 1.0pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(1,848</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;border:none;border-bottom:
  solid black 1.0pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;border:none;border-bottom:
  solid black 1.0pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(2,488</font></p>
  </td>
  <td width="1%" valign=bottom style='width:1.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign=top style='width:50.9%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <font size="2">Income before Income Taxes
  and Equity in Earnings of Joint Venture</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">22,811</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">4,493</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="8%" valign=bottom style='width:8.18%;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">27,304</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">4,319</font></p>
  </td>
  <td width="1%" valign=bottom style='width:1.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign=top style='width:50.9%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">Provision for Income Taxes</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;border:none;border-bottom:
  solid black 1.0pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;border:none;border-bottom:
  solid black 1.0pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(7,912</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;border:none;border-bottom:
  solid black 1.0pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;border:none;border-bottom:
  solid black 1.0pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(1,745</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;border:none;border-bottom:
  solid black 1.0pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td width="8%" valign=bottom style='width:8.18%;border:none;border-bottom:
  solid black 1.0pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(9,574</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;border:none;border-bottom:
  solid black 1.0pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;border:none;border-bottom:
  solid black 1.0pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(1,684</font></p>
  </td>
  <td width="1%" valign=bottom style='width:1.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign=top style='width:50.9%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><font size="2">Income before Equity in Earnings of Joint Venture</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">14,899</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">2,748</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="8%" valign=bottom style='width:8.18%;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">17,730</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">2,635</font></p>
  </td>
  <td width="1%" valign=bottom style='width:1.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign=top style='width:50.9%;background:white;padding:0in 0in 0in 0in'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><font size="2">Equity in Earnings of Joint Venture, Net of Taxes</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;border:none;border-bottom:
  solid black 1.0pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;border:none;border-bottom:
  solid black 1.0pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">3,803</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;border:none;border-bottom:
  solid black 1.0pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;border:none;border-bottom:
  solid black 1.0pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">2,522</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;border:none;border-bottom:
  solid black 1.0pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="8%" valign=bottom style='width:8.18%;border:none;border-bottom:
  solid black 1.0pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">4,583</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;border:none;border-bottom:
  solid black 1.0pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;border:none;border-bottom:
  solid black 1.0pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">3,116</font></p>
  </td>
  <td width="1%" valign=bottom style='width:1.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign=top style='width:50.9%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><font size="2">Net Income</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;border:none;border-bottom:
  double black 2.25pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;border:none;border-bottom:
  double black 2.25pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">18,702</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;border:none;border-bottom:
  double black 2.25pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;border:none;border-bottom:
  double black 2.25pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">5,270</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;border:none;border-bottom:
  double black 2.25pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td width="8%" valign=bottom style='width:8.18%;border:none;border-bottom:
  double black 2.25pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">22,313</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;border:none;border-bottom:
  double black 2.25pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;border:none;border-bottom:
  double black 2.25pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">5,751</font></p>
  </td>
  <td width="1%" valign=bottom style='width:1.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign=top style='width:50.9%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;background:white;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;background:white;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="8%" valign=bottom style='width:8.18%;background:white;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;background:white;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td width="1%" valign=bottom style='width:1.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign=top style='width:50.9%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><font size="2">Net Income per
	Share:</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="8%" valign=bottom style='width:8.18%;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="1%" valign=bottom style='width:1.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign=top style='width:50.9%;background:white;padding:0in 0in 0in 0in'>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">Basic</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;border:none;border-bottom:
  double black 2.25pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;border:none;border-bottom:
  double black 2.25pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">2.16</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;border:none;border-bottom:
  double black 2.25pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;border:none;border-bottom:
  double black 2.25pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">.63</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;border:none;border-bottom:
  double black 2.25pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td width="8%" valign=bottom style='width:8.18%;border:none;border-bottom:
  double black 2.25pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">2.58</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;border:none;border-bottom:
  double black 2.25pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;border:none;border-bottom:
  double black 2.25pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">.69</font></p>
  </td>
  <td width="1%" valign=bottom style='width:1.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign=top style='width:50.9%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">Diluted</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;border:none;border-bottom:
  double black 2.25pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;border:none;border-bottom:
  double black 2.25pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">2.11</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;border:none;border-bottom:
  double black 2.25pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;border:none;border-bottom:
  double black 2.25pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">.62</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;border:none;border-bottom:
  double black 2.25pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td width="8%" valign=bottom style='width:8.18%;border:none;border-bottom:
  double black 2.25pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">2.53</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;border:none;border-bottom:
  double black 2.25pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;border:none;border-bottom:
  double black 2.25pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">.68</font></p>
  </td>
  <td width="1%" valign=bottom style='width:1.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign=bottom style='width:50.9%;background:white;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;background:white;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;background:white;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="8%" valign=bottom style='width:8.18%;background:white;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;background:white;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="1%" valign=bottom style='width:1.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign=top style='width:50.9%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><font size="2">Weighted-Average Shares:</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="8%" valign=bottom style='width:8.18%;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="1%" valign=bottom style='width:1.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign=top style='width:50.9%;background:white;padding:0in 0in 0in 0in'>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">Basic</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;border:none;border-bottom:
  double black 2.25pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;border:none;border-bottom:
  double black 2.25pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">8,669,661</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;border:none;border-bottom:
  double black 2.25pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;border:none;border-bottom:
  double black 2.25pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">8,365,139</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;border:none;border-bottom:
  double black 2.25pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="8%" valign=bottom style='width:8.18%;border:none;border-bottom:
  double black 2.25pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">8,641,965</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;border:none;border-bottom:
  double black 2.25pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;border:none;border-bottom:
  double black 2.25pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">8,353,738</font></p>
  </td>
  <td width="1%" valign=bottom style='width:1.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign=top style='width:50.9%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">Diluted</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;border:none;border-bottom:
  double black 2.25pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;border:none;border-bottom:
  double black 2.25pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">8,843,359</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;border:none;border-bottom:
  double black 2.25pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;border:none;border-bottom:
  double black 2.25pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">8,500,827</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;border:none;border-bottom:
  double black 2.25pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="8%" valign=bottom style='width:8.18%;border:none;border-bottom:
  double black 2.25pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">8,814,700</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;border:none;border-bottom:
  double black 2.25pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;border:none;border-bottom:
  double black 2.25pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">8,510,343</font></p>
  </td>
  <td width="1%" valign=bottom style='width:1.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign=top style='width:50.9%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;background:white;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;background:white;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="8%" valign=bottom style='width:8.18%;background:white;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;background:white;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td width="1%" valign=bottom style='width:1.0%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width="50%" valign=top style='width:50.9%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><font size="2">Cash Dividends per Share</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;border:none;border-bottom:
  double black 2.25pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;border:none;border-bottom:
  double black 2.25pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">.20</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;border:none;border-bottom:
  double black 2.25pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;border:none;border-bottom:
  double black 2.25pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">.20</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;border:none;border-bottom:
  double black 2.25pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td width="8%" valign=bottom style='width:8.18%;border:none;border-bottom:
  double black 2.25pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">.40</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;border:none;border-bottom:
  double black 2.25pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td width="7%" valign=bottom style='width:7.98%;border:none;border-bottom:
  double black 2.25pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">.40</font></p>
  </td>
  <td width="1%" valign=bottom style='width:1.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
</table>

</div>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'>
<font size="2">See accompanying notes to consolidated financial
statements.</font></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<b><font size="2"><br clear=all
style='page-break-before:always'>
</font>
</b>

<HR align=center width="100%" color=#999999 SIZE=3>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>
<font size="2">AMERON INTERNATIONAL CORPORATION AND SUBSIDIARIES</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><b><font size="2">CONSOLIDATED
BALANCE SHEETS (UNAUDITED)</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<div align=center>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%"
 style='width:100.0%;border-collapse:collapse'>
 <tr style='height:.3in'>
  <td width=721 valign=bottom style='width:540.75pt;background:white;
  padding:0in;'>
  <p class=MsoNormal style='line-height:11.25pt'><b><font size="1">(In thousands, except share and per share data)</font></b></p>
  </td>
  <td width=22 valign=bottom style='width:16.5pt;background:white;padding:0in;
  '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=84 colspan=2 valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; width:63.0pt;border-bottom:
  1.0pt solid windowtext;background:white;padding:0in;'>
  <p class=MsoNormal align=center style='text-align:center; margin-top:0; margin-bottom:2px'><b><font size="1">June 4,<br>
  2006</font></b></p>
  </td>
  <td width=24 valign=bottom style='width:.25in;background:white;padding:0in;
  '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=81 colspan=2 valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; width:60.75pt;border-bottom:1.0pt solid windowtext;background:white;padding:0in;
  '>
  <p class=MsoNormal align=center style='text-align:center; margin-top:0; margin-bottom:2px'><b><font size="1">November 30,<br>
  2005</font></b></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:white;padding:0in;
  '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=721 valign=top style='width:540.75pt;padding:0in 0in 0in 0in'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><b><font size="2">Assets</font></b></p>
  </td>
  <td width=22 valign=bottom style='width:16.5pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;border:none;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=67 valign=bottom style='width:50.25pt;border:none;border-top:solid windowtext 1.0pt;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=24 valign=bottom style='width:.25in;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;border:none;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=64 valign=bottom style='width:48.0pt;border:none;border-top:solid windowtext 1.0pt;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=10 valign=bottom style='width:.1in;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=721 valign=top style='width:540.75pt;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><font size="2">Current Assets</font></p>
  </td>
  <td width=22 valign=bottom style='width:16.5pt;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=67 valign=bottom style='width:50.25pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=24 valign=bottom style='width:.25in;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=64 valign=bottom style='width:48.0pt;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=721 valign=top style='width:540.75pt;padding:0in 0in 0in 0in'>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">Cash
  and Cash Equivalents</font></p>
  </td>
  <td width=22 valign=bottom style='width:16.5pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td width=67 valign=bottom style='width:50.25pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">47,691</font></p>
  </td>
  <td width=24 valign=bottom style='width:.25in;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td width=64 valign=bottom style='width:48.0pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">44,671</font></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=721 valign=top style='width:540.75pt;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">Restricted
  Cash</font></p>
  </td>
  <td width=22 valign=bottom style='width:16.5pt;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal></p>
  </td>
  <td width=67 valign=bottom style='width:50.25pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">9,001</font></p>
  </td>
  <td width=24 valign=bottom style='width:.25in;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=64 valign=bottom style='width:48.0pt;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">-</font></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=721 valign=top style='width:540.75pt;background:white;padding:0in 0in 0in 0in'>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">Receivables,
  Less Allowances of $7,450 in 2006 and $7,693 in 2005</font></p>
  </td>
  <td width=22 valign=bottom style='width:16.5pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;background:white;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=67 valign=bottom style='width:50.25pt;background:white;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">187,532</font></p>
  </td>
  <td width=24 valign=bottom style='width:.25in;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;background:white;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=64 valign=bottom style='width:48.0pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">180,558</font></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=721 valign=top style='width:540.75pt;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">Inventories</font></p>
  </td>
  <td width=22 valign=bottom style='width:16.5pt;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=67 valign=bottom style='width:50.25pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">118,377</font></p>
  </td>
  <td width=24 valign=bottom style='width:.25in;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=64 valign=bottom style='width:48.0pt;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">98,389</font></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=721 valign=top style='width:540.75pt;padding:0in 0in 0in 0in'>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">Deferred
  Income Taxes</font></p>
  </td>
  <td width=22 valign=bottom style='width:16.5pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=67 valign=bottom style='width:50.25pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">17,598</font></p>
  </td>
  <td width=24 valign=bottom style='width:.25in;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=64 valign=bottom style='width:48.0pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">17,598</font></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=721 valign=top style='width:540.75pt;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">Prepaid
  Expenses and Other Current Assets</font></p>
  </td>
  <td width=22 valign=bottom style='width:16.5pt;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;border:none;border-bottom:
  solid black 1.0pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=67 valign=bottom style='width:50.25pt;border:none;border-bottom:
  solid black 1.0pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">20,987</font></p>
  </td>
  <td width=24 valign=bottom style='width:.25in;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;border:none;border-bottom:
  solid black 1.0pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=64 valign=bottom style='width:48.0pt;border:none;border-bottom:
  solid black 1.0pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">11,714</font></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=721 valign=top style='width:540.75pt;background:white;padding:0in 0in 0in 0in'>
  <p style='margin-left:60.0pt;text-indent:-12.0pt'><font size="2">Total Current Assets</font></p>
  </td>
  <td width=22 valign=bottom style='width:16.5pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;background:white;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=67 valign=bottom style='width:50.25pt;background:white;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">401,186</font></p>
  </td>
  <td width=24 valign=bottom style='width:.25in;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;background:white;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=64 valign=bottom style='width:48.0pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">352,930</font></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=721 valign=top style='width:540.75pt;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><font size="2">Investments in Joint Ventures</font></p>
  </td>
  <td width=22 valign=bottom style='width:16.5pt;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=67 valign=bottom style='width:50.25pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td width=24 valign=bottom style='width:.25in;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=64 valign=bottom style='width:48.0pt;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=721 valign=top style='width:540.75pt;background:white;padding:0in 0in 0in 0in'>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">Equity
  Method</font></p>
  </td>
  <td width=22 valign=bottom style='width:16.5pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;background:white;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=67 valign=bottom style='width:50.25pt;background:white;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">14,603</font></p>
  </td>
  <td width=24 valign=bottom style='width:.25in;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;background:white;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=64 valign=bottom style='width:48.0pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">13,777</font></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=721 valign=top style='width:540.75pt;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">Cost
  Method</font></p>
  </td>
  <td width=22 valign=bottom style='width:16.5pt;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=67 valign=bottom style='width:50.25pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">5,922</font></p>
  </td>
  <td width=24 valign=bottom style='width:.25in;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=64 valign=bottom style='width:48.0pt;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">5,922</font></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=721 valign=top style='width:540.75pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">Property, Plant and
  Equipment</font></p>
  </td>
  <td width=22 valign=bottom style='width:16.5pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;background:white;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=67 valign=bottom style='width:50.25pt;background:white;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td width=24 valign=bottom style='width:.25in;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;background:white;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=64 valign=bottom style='width:48.0pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=721 valign=top style='width:540.75pt;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">Land</font></p>
  </td>
  <td width=22 valign=bottom style='width:16.5pt;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=67 valign=bottom style='width:50.25pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">39,297</font></p>
  </td>
  <td width=24 valign=bottom style='width:.25in;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=64 valign=bottom style='width:48.0pt;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">38,959</font></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=721 valign=top style='width:540.75pt;background:white;padding:0in 0in 0in 0in'>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">Buildings</font></p>
  </td>
  <td width=22 valign=bottom style='width:16.5pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;background:white;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=67 valign=bottom style='width:50.25pt;background:white;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">88,975</font></p>
  </td>
  <td width=24 valign=bottom style='width:.25in;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;background:white;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=64 valign=bottom style='width:48.0pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">88,606</font></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=721 valign=top style='width:540.75pt;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">Machinery
  and Equipment</font></p>
  </td>
  <td width=22 valign=bottom style='width:16.5pt;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=67 valign=bottom style='width:50.25pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">298,051</font></p>
  </td>
  <td width=24 valign=bottom style='width:.25in;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=64 valign=bottom style='width:48.0pt;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">284,593</font></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=721 valign=top style='width:540.75pt;background:white;padding:0in 0in 0in 0in'>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">Construction
  in Progress</font></p>
  </td>
  <td width=22 valign=bottom style='width:16.5pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;border:none;border-bottom:
  solid black 1.0pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=67 valign=bottom style='width:50.25pt;border:none;border-bottom:
  solid black 1.0pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">13,498</font></p>
  </td>
  <td width=24 valign=bottom style='width:.25in;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;border:none;border-bottom:
  solid black 1.0pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=64 valign=bottom style='width:48.0pt;border:none;border-bottom:
  solid black 1.0pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">15,500</font></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=721 valign=top style='width:540.75pt;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p style='margin-left:60.0pt;text-indent:-12.0pt'><font size="2">Total Property, Plant and Equipment at Cost</font></p>
  </td>
  <td width=22 valign=bottom style='width:16.5pt;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=67 valign=bottom style='width:50.25pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">439,821</font></p>
  </td>
  <td width=24 valign=bottom style='width:.25in;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=64 valign=bottom style='width:48.0pt;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">427,658</font></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=721 valign=bottom style='width:540.75pt;padding:0in 0in 0in 0in'>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">Accumulated
  Depreciation</font></p>
  </td>
  <td width=22 valign=bottom style='width:16.5pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;border:none;border-bottom:
  solid black 1.0pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=67 valign=bottom style='width:50.25pt;border:none;border-bottom:
  solid black 1.0pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(282,420</font></p>
  </td>
  <td width=24 style='width:.25in;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;border:none;border-bottom:
  solid black 1.0pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=64 valign=bottom style='width:48.0pt;border:none;border-bottom:
  solid black 1.0pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(272,993</font></p>
  </td>
  <td width=10 style='width:.1in;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
 </tr>
 <tr>
  <td width=721 valign=bottom style='width:540.75pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p style='margin-left:60.0pt;text-indent:-12.0pt'><font size="2">Total Property, Plant and Equipment, Net</font></p>
  </td>
  <td width=22 valign=bottom style='width:16.5pt;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=67 valign=bottom style='width:50.25pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">157,401</font></p>
  </td>
  <td width=24 valign=bottom style='width:.25in;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=64 valign=bottom style='width:48.0pt;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">154,665</font></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=721 valign=bottom style='width:540.75pt;background:white;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">Deferred Income Taxes</font></p>
  </td>
  <td width=22 valign=bottom style='width:16.5pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;background:white;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=67 valign=bottom style='width:50.25pt;background:white;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">-&nbsp;</font></p>
  </td>
  <td width=24 valign=bottom style='width:.25in;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;background:white;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=64 valign=bottom style='width:48.0pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">143</font></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=721 valign=bottom style='width:540.75pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">Intangible Assets, Net of
  Accumulated Amortization of $10,650 in 2006 and $10,142 in 2005</font></p>
  </td>
  <td width=22 valign=bottom style='width:16.5pt;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=67 valign=bottom style='width:50.25pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">13,328</font></p>
  </td>
  <td width=24 valign=bottom style='width:.25in;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=64 valign=bottom style='width:48.0pt;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">13,259</font></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=721 valign=bottom style='width:540.75pt;background:white;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">Other Assets</font></p>
  </td>
  <td width=22 valign=bottom style='width:16.5pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;border:none;border-bottom:
  solid black 1.0pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=67 valign=bottom style='width:50.25pt;border:none;border-bottom:
  solid black 1.0pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">36,160</font></p>
  </td>
  <td width=24 valign=bottom style='width:.25in;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;border:none;border-bottom:
  solid black 1.0pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=64 valign=bottom style='width:48.0pt;border:none;border-bottom:
  solid black 1.0pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">37,340</font></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=721 valign=bottom style='width:540.75pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">Total Assets</font></p>
  </td>
  <td width=22 valign=bottom style='width:16.5pt;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;border:none;border-bottom:
  double black 2.25pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td width=67 valign=bottom style='width:50.25pt;border:none;border-bottom:
  double black 2.25pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">628,600</font></p>
  </td>
  <td width=24 valign=bottom style='width:.25in;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;border:none;border-bottom:
  double black 2.25pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td width=64 valign=bottom style='width:48.0pt;border:none;border-bottom:
  double black 2.25pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">578,036</font></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=721 valign=bottom style='width:540.75pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=22 valign=bottom style='width:16.5pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=67 valign=bottom style='width:50.25pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=24 valign=bottom style='width:.25in;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=64 valign=bottom style='width:48.0pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=10 valign=bottom style='width:.1in;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=721 valign=top style='width:540.75pt;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><b><font size="2">Liabilities and Stockholders' Equity</font></b></p>
  </td>
  <td width=22 valign=bottom style='width:16.5pt;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=67 valign=bottom style='width:50.25pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=24 valign=bottom style='width:.25in;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=64 valign=bottom style='width:48.0pt;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=721 valign=top style='width:540.75pt;padding:0in 0in 0in 0in'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><font size="2">Current Liabilities</font></p>
  </td>
  <td width=22 valign=bottom style='width:16.5pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=67 valign=bottom style='width:50.25pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=24 valign=bottom style='width:.25in;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=64 valign=bottom style='width:48.0pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=10 valign=bottom style='width:.1in;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=721 valign=top style='width:540.75pt;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">Current
  Portion of Long-Term Debt</font></p>
  </td>
  <td width=22 valign=bottom style='width:16.5pt;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td width=67 valign=bottom style='width:50.25pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">18,333</font></p>
  </td>
  <td width=24 valign=bottom style='width:.25in;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td width=64 valign=bottom style='width:48.0pt;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">18,333</font></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=721 valign=top style='width:540.75pt;padding:0in 0in 0in 0in'>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">Trade
  Payables</font></p>
  </td>
  <td width=22 valign=bottom style='width:16.5pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=67 valign=bottom style='width:50.25pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">58,768</font></p>
  </td>
  <td width=24 valign=bottom style='width:.25in;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=64 valign=bottom style='width:48.0pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">54,349</font></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=721 valign=top style='width:540.75pt;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">Accrued
  Liabilities</font></p>
  </td>
  <td width=22 valign=bottom style='width:16.5pt;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=67 valign=bottom style='width:50.25pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">73,596</font></p>
  </td>
  <td width=24 valign=bottom style='width:.25in;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=64 valign=bottom style='width:48.0pt;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">63,071</font></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=721 valign=top style='width:540.75pt;padding:0in 0in 0in 0in'>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">Income
  Taxes Payable</font></p>
  </td>
  <td width=22 valign=bottom style='width:16.5pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;border:none;border-bottom:
  solid black 1.0pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=67 valign=bottom style='width:50.25pt;border:none;border-bottom:
  solid black 1.0pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">7,747</font></p>
  </td>
  <td width=24 valign=bottom style='width:.25in;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;border:none;border-bottom:
  solid black 1.0pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=64 valign=bottom style='width:48.0pt;border:none;border-bottom:
  solid black 1.0pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">1,051</font></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=721 valign=top style='width:540.75pt;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p style='margin-left:60.0pt;text-indent:-12.0pt'><font size="2">Total Current Liabilities</font></p>
  </td>
  <td width=22 valign=bottom style='width:16.5pt;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=67 valign=bottom style='width:50.25pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">158,444</font></p>
  </td>
  <td width=24 valign=bottom style='width:.25in;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=64 valign=bottom style='width:48.0pt;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">136,804</font></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=721 valign=top style='width:540.75pt;background:white;padding:0in 0in 0in 0in'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><font size="2">Long-Term Debt, Less Current Portion</font></p>
  </td>
  <td width=22 valign=bottom style='width:16.5pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;background:white;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=67 valign=bottom style='width:50.25pt;background:white;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">82,717</font></p>
  </td>
  <td width=24 valign=bottom style='width:.25in;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;background:white;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=64 valign=bottom style='width:48.0pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">77,109</font></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=721 valign=top style='width:540.75pt;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><font size="2">Other Long-Term Liabilities</font></p>
  </td>
  <td width=22 valign=bottom style='width:16.5pt;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;border:none;border-bottom:
  solid black 1.0pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=67 valign=bottom style='width:50.25pt;border:none;border-bottom:
  solid black 1.0pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">65,061</font></p>
  </td>
  <td width=24 valign=bottom style='width:.25in;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;border:none;border-bottom:
  solid black 1.0pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=64 valign=bottom style='width:48.0pt;border:none;border-bottom:
  solid black 1.0pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">67,625</font></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=721 valign=bottom style='width:540.75pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">Total Liabilities</font></p>
  </td>
  <td width=22 valign=bottom style='width:16.5pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;border:none;border-bottom:
  solid windowtext 1.0pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=67 valign=bottom style='width:50.25pt;border:none;border-bottom:
  solid windowtext 1.0pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">306,222</font></p>
  </td>
  <td width=24 valign=bottom style='width:.25in;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;border:none;border-bottom:
  solid windowtext 1.0pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=64 valign=bottom style='width:48.0pt;border:none;border-bottom:
  solid windowtext 1.0pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">281,538</font></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=721 valign=top style='width:540.75pt;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=22 valign=bottom style='width:16.5pt;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;border:none;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=67 valign=bottom style='width:50.25pt;border:none;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=24 valign=bottom style='width:.25in;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;border:none;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=64 valign=bottom style='width:48.0pt;border:none;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=721 valign=top style='width:540.75pt;background:white;padding:0in 0in 0in 0in'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><font size="2">Stockholders' Equity</font></p>
  </td>
  <td width=22 valign=bottom style='width:16.5pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;background:white;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=67 valign=bottom style='width:50.25pt;background:white;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=24 valign=bottom style='width:.25in;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;background:white;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=64 valign=bottom style='width:48.0pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=721 valign=top style='width:540.75pt;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">Common
  Stock, Par Value $2.50 per Share, Authorized 24,000,000 Shares, Outstanding</font></p>
  </td>
  <td width=22 valign=bottom style='width:16.5pt;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=67 valign=bottom style='width:50.25pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td width=24 valign=bottom style='width:.25in;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=64 valign=bottom style='width:48.0pt;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=721 valign=top style='width:540.75pt;background:white;padding:0in 0in 0in 0in'>
  <p style='margin-left:.7in;text-indent:-12.0pt'><font size="2">8,798,711
  Shares in 2006 and 8,698,148 Shares in 2005, Net of Treasury Shares</font></p>
  </td>
  <td width=22 valign=bottom style='width:16.5pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;background:white;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=67 valign=bottom style='width:50.25pt;background:white;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">28,755</font></p>
  </td>
  <td width=24 valign=bottom style='width:.25in;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;background:white;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=64 valign=bottom style='width:48.0pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">28,450</font></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=721 valign=top style='width:540.75pt;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">Additional
  Paid-In Capital</font></p>
  </td>
  <td width=22 valign=bottom style='width:16.5pt;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=67 valign=bottom style='width:50.25pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">30,339</font></p>
  </td>
  <td width=24 valign=bottom style='width:.25in;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=64 valign=bottom style='width:48.0pt;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">28,936</font></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=721 valign=top style='width:540.75pt;background:white;padding:0in 0in 0in 0in'>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">Unearned
  Restricted Stock</font></p>
  </td>
  <td width=22 valign=bottom style='width:16.5pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;background:white;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=67 valign=bottom style='width:50.25pt;background:white;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">-</font></p>
  </td>
  <td width=24 style='width:.25in;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;background:white;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=64 valign=bottom style='width:48.0pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(2,084</font></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
 </tr>
 <tr>
  <td width=721 valign=top style='width:540.75pt;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">Retained
  Earnings</font></p>
  </td>
  <td width=22 valign=bottom style='width:16.5pt;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=67 valign=bottom style='width:50.25pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">345,599</font></p>
  </td>
  <td width=24 valign=bottom style='width:.25in;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=64 valign=bottom style='width:48.0pt;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">326,795</font></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=721 valign=top style='width:540.75pt;background:white;padding:0in 0in 0in 0in'>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">Accumulated
  Other Comprehensive Loss</font></p>
  </td>
  <td width=22 valign=bottom style='width:16.5pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;background:white;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=67 valign=bottom style='width:50.25pt;background:white;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(31,837</font></p>
  </td>
  <td width=24 style='width:.25in;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;background:white;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=64 valign=bottom style='width:48.0pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(36,324</font></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
 </tr>
 <tr>
  <td width=721 valign=bottom style='width:540.75pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">Treasury
  Stock (2,703,148 Shares in 2006 and 2,681,811 Shares in 2005)</font></p>
  </td>
  <td width=22 valign=bottom style='width:16.5pt;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;border:none;border-bottom:
  solid black 1.0pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=67 valign=bottom style='width:50.25pt;border:none;border-bottom:
  solid black 1.0pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(50,478</font></p>
  </td>
  <td width=24 style='width:.25in;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;border:none;border-bottom:
  solid black 1.0pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=64 valign=bottom style='width:48.0pt;border:none;border-bottom:
  solid black 1.0pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(49,275</font></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
 </tr>
 <tr>
  <td width=721 valign=top style='width:540.75pt;background:white;padding:0in 0in 0in 0in'>
  <p style='margin-left:60.0pt;text-indent:-12.0pt'><font size="2">Total Stockholders' Equity</font></p>
  </td>
  <td width=22 valign=bottom style='width:16.5pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;border:none;border-bottom:
  solid black 1.0pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=67 valign=bottom style='width:50.25pt;border:none;border-bottom:
  solid black 1.0pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">322,378</font></p>
  </td>
  <td width=24 valign=bottom style='width:.25in;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;border:none;border-bottom:
  solid black 1.0pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=64 valign=bottom style='width:48.0pt;border:none;border-bottom:
  solid black 1.0pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">296,498</font></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=721 valign=top style='width:540.75pt;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">Total Liabilities and
  Stockholders' Equity</font></p>
  </td>
  <td width=22 valign=bottom style='width:16.5pt;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;border:none;border-bottom:
  double black 2.25pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td width=67 valign=bottom style='width:50.25pt;border:none;border-bottom:
  double black 2.25pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">628,600</font></p>
  </td>
  <td width=24 valign=bottom style='width:.25in;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;border:none;border-bottom:
  double black 2.25pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td width=64 valign=bottom style='width:48.0pt;border:none;border-bottom:
  double black 2.25pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">578,036</font></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
</table>

</div>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'>
<font size="2">See accompanying notes to consolidated financial
statements.</font></p>
<HR align=center width="100%" color=#999999 SIZE=3>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>
<font size="2">AMERON INTERNATIONAL CORPORATION AND SUBSIDIARIES</font></b></p>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><b><font size="2">CONSOLIDATED
STATEMENTS OF CASH FLOWS (UNAUDITED)</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<div align=center>

<table class=MsoNormalTable border=0 cellpadding=0 width="95%"
 style='width:95.0%;border-collapse:collapse;width:95.0% !msorm;border-collapse:
 collapse; border-top-width:0px'>
 <tr>
  <td style='width:708px;background:white;padding:0in; '>
  <p class=MsoNormal><b><font size="2">&nbsp;</font></b></p>
  </td>
  <td valign=bottom style='width:19px;background:white;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td colspan=5 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:185px;border-bottom:1.0pt solid windowtext;background:white;padding:0in;
  height:11.25pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center; margin-top:0'><b>
	<font size="1">Six Months Ended</font></b></p>
  </td>
  <td style='width:8px;background:white;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=bottom style='background-position: 0% 0%; width:708px;padding:0in; ; background-image:none; background-repeat:repeat; background-attachment:scroll'>
  <p class=MsoNormal><b><font size="1">(In Thousands)</font></b></p>
  </td>
  <td valign=bottom style='background-position: 0% 0%; width:19px;padding:
  0in; ; background-image:none; background-repeat:repeat; background-attachment:scroll'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-bottom:1px solid #000000; background-position: 0% 0%; width:83px;padding:
  0in; ; border-top-style:none; border-top-width:medium; background-image:none; background-repeat:repeat; background-attachment:scroll' colspan="2" align="center">
  <p class=MsoNormal style="margin-top: 0; margin-bottom: 2px"><b><font size="1">June 4,</font></b></p>
	<p class=MsoNormal style="margin-top: 0; margin-bottom: 2px"><b>
	<font size="1">2006</font></b></p>
  </td>
  <td valign=bottom style='background-position: 0% 0%; width:21px;padding:
  0in; ; border-top-style:none; border-top-width:medium; border-bottom-style:none; border-bottom-width:medium; background-image:none; background-repeat:repeat; background-attachment:scroll' align="center">
  <p class=MsoNormal style="margin-top: 0; margin-bottom: 3px">&nbsp;</p>
  </td>
  <td valign=bottom style='border-bottom:1px solid #000000; background-position: 0% 0%; width:79px;padding:
  0in; ; border-top-style:none; border-top-width:medium; background-image:none; background-repeat:repeat; background-attachment:scroll' colspan="2" align="center">
  <p class=MsoNormal style="margin-top: 0; margin-bottom: 2px"><b><font size="1">May 29,</font></b></p>
	<p class=MsoNormal style="margin-top: 0; margin-bottom: 2px"><b>
	<font size="1">2005</font></b></p>
  </td>
  <td valign=bottom style='background-position: 0% 0%; width:8px;padding:
  0in; ; background-image:none; background-repeat:repeat; background-attachment:scroll'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td style='width:708px;background:white;padding:0in; '>
  <p class=MsoNormal><b><font size="2">Cash Flows from
  Operating Activities</font></b></p>
  </td>
  <td valign=bottom style='width:19px;background:white;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:17px;border:medium none;background:white;
  padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-bottom:medium none; width:66px;border-top:medium none windowtext;
  background:white;padding:0in' align="right">
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td style='width:21px;background:white;padding:0in; ; border-top-style:none; border-top-width:medium'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:15px;background:white;padding:0in; ; border-top-style:none; border-top-width:medium'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:62px;background:white;padding:0in; ; border-top-style:none; border-top-width:medium'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td style='width:8px;background:white;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td style='width:708px;background:#CCEEFF;padding:0in; '>
  <p class=MsoNormal><font size="2">Net Income</font></p>
  </td>
  <td valign=bottom style='width:19px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:17px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='width:66px;background:#CCEEFF;padding:
  0in; ' align="right">
  <p class=MsoNormal align=right style='text-align:right'><font size="2">22,313</font></p>
  </td>
  <td style='width:21px;background:#CCEEFF;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:15px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='width:62px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal align=right><font size="2">5,751</font></p>
  </td>
  <td style='width:8px;background:#CCEEFF;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td style='width:708px;background:white;padding:0in; '>
  <p class=MsoNormal><font size="2">Adjustments to Reconcile
  Net Income to Net Cash Provided by/(Used in) Operating Activities:</font></p>
  </td>
  <td valign=bottom style='width:19px;background:white;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:17px;background:white;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:66px;background:white;padding:0in; ' align="right">
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:21px;background:white;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:15px;background:white;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:62px;background:white;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:8px;background:white;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td style='width:708px;background:#CCEEFF;padding:0in; '>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">Depreciation</font></p>
  </td>
  <td valign=bottom style='width:19px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:17px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:66px;background:#CCEEFF;padding:
  0in; ' align="right">
  <p class=MsoNormal align=right style='text-align:right'><font size="2">9,357</font></p>
  </td>
  <td valign=bottom style='width:21px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:15px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:62px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">9,518</font></p>
  </td>
  <td valign=bottom style='width:8px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td style='width:708px;padding:0in; '>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">Amortization</font></p>
  </td>
  <td valign=bottom style='width:19px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:17px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:66px;padding:0in; ' align="right">
  <p class=MsoNormal align=right style='text-align:right'><font size="2">99</font></p>
  </td>
  <td valign=bottom style='width:21px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:15px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:62px;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">105</font></p>
  </td>
  <td valign=bottom style='width:8px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td style='width:708px;background:#CCEEFF;padding:0in; '>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">Provision/(Benefit) for Deferred Income Taxes</font></p>
  </td>
  <td valign=bottom style='width:19px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:17px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:66px;background:#CCEEFF;padding:
  0in; ' align="right">
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(102</font></p>
  </td>
  <td valign=bottom style='width:21px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
  <td valign=bottom style='width:15px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:62px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">147</font></p>
  </td>
  <td valign=bottom style='width:8px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td style='width:708px;padding:0in; '>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">Net
  Earnings and Distributions from Joint Ventures</font></p>
  </td>
  <td valign=bottom style='width:19px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:17px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:66px;padding:0in; ' align="right">
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(826</font></p>
  </td>
  <td valign=bottom style='width:21px;padding:0in; '>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
  <td valign=bottom style='width:15px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:62px;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">898</font></p>
  </td>
  <td valign=bottom style='width:8px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td style='width:708px;background:#CCEEFF;padding:0in; '>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">Gain
  from Sale of Assets</font></p>
  </td>
  <td valign=bottom style='width:19px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:17px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:66px;background:#CCEEFF;padding:
  0in; ' align="right">
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(9,118</font></p>
  </td>
  <td valign=bottom style='width:21px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
  <td valign=bottom style='width:15px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:62px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(18</font></p>
  </td>
  <td valign=bottom style='width:8px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
 </tr>
 <tr>
  <td style='width:708px;padding:0in; '>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">Stock
  Compensation Expense</font></p>
  </td>
  <td valign=bottom style='width:19px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:17px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:66px;padding:0in; ' align="right">
  <p class=MsoNormal align=right style='text-align:right'><font size="2">2,383</font></p>
  </td>
  <td valign=bottom style='width:21px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:15px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:62px;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">178</font></p>
  </td>
  <td valign=bottom style='width:8px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td style='width:708px;background:#CCEEFF;padding:0in; '>
  <p class=MsoNormal><font size="2">Changes in Operating Assets
  and Liabilities:</font></p>
  </td>
  <td valign=bottom style='width:19px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:17px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:66px;background:#CCEEFF;padding:
  0in; ' align="right">
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:21px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:15px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:62px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:8px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td style='width:708px;padding:0in; '>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">Receivables</font></p>
  </td>
  <td valign=bottom style='width:19px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:17px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:66px;padding:0in; ' align="right">
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(2,720</font></p>
  </td>
  <td style='width:21px;padding:0in; '>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
  <td valign=bottom style='width:15px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:62px;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(2,186</font></p>
  </td>
  <td valign=bottom style='width:8px;padding:0in; '>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
 </tr>
 <tr>
  <td style='width:708px;background:#CCEEFF;padding:0in; '>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">Inventories</font></p>
  </td>
  <td valign=bottom style='width:19px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:17px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:66px;background:#CCEEFF;padding:
  0in; ' align="right">
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(18,438</font></p>
  </td>
  <td valign=bottom style='width:21px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
  <td valign=bottom style='width:15px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:62px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(17,579</font></p>
  </td>
  <td valign=bottom style='width:8px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
 </tr>
 <tr>
  <td style='width:708px;padding:0in; '>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">Prepaid
  Expenses and Other Current Assets</font></p>
  </td>
  <td valign=bottom style='width:19px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:17px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:66px;padding:0in; ' align="right">
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(9,009</font></p>
  </td>
  <td valign=bottom style='width:21px;padding:0in; '>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
  <td valign=bottom style='width:15px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:62px;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(73</font></p>
  </td>
  <td valign=bottom style='width:8px;padding:0in; '>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
 </tr>
 <tr>
  <td style='width:708px;background:#CCEEFF;padding:0in; '>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">Other
  Assets</font></p>
  </td>
  <td valign=bottom style='width:19px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:17px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:66px;background:#CCEEFF;padding:
  0in; ' align="right">
  <p class=MsoNormal align=right style='text-align:right'><font size="2">1,156</font></p>
  </td>
  <td valign=bottom style='width:21px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:15px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:62px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(3,980</font></p>
  </td>
  <td valign=bottom style='width:8px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
 </tr>
 <tr>
  <td style='width:708px;padding:0in; '>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">Trade
  Payables</font></p>
  </td>
  <td valign=bottom style='width:19px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:17px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:66px;padding:0in; ' align="right">
  <p class=MsoNormal align=right style='text-align:right'><font size="2">3,121</font></p>
  </td>
  <td valign=bottom style='width:21px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:15px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:62px;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">8,118</font></p>
  </td>
  <td valign=bottom style='width:8px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td style='width:708px;background:#CCEEFF;padding:0in; '>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">Accrued
  Liabilities and Income Taxes Payable</font></p>
  </td>
  <td valign=bottom style='width:19px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:17px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:66px;background:#CCEEFF;padding:
  0in; ' align="right">
  <p class=MsoNormal align=right style='text-align:right'><font size="2">16,426</font></p>
  </td>
  <td valign=bottom style='width:21px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:15px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:62px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(4,771</font></p>
  </td>
  <td valign=bottom style='width:8px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
 </tr>
 <tr>
  <td style='width:708px;padding:0in; '>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">Other
  Long-Term Liabilities</font></p>
  </td>
  <td valign=bottom style='width:19px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:17px;border-bottom:
  1.0pt solid black;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:66px;border-bottom:
  1.0pt solid black;padding:0in; ' align="right">
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(2,604</font></p>
  </td>
  <td valign=bottom style='width:21px;padding:0in; '>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:15px;border-bottom:
  1.0pt solid black;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:62px;border-bottom:
  1.0pt solid black;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">2,941</font></p>
  </td>
  <td valign=bottom style='width:8px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=bottom style='width:708px;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:19px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:17px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:66px;background:#CCEEFF;padding:
  0in; ' align="right">
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:21px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:15px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:62px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:8px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td style='width:708px;background:white;padding:0in; '>
  <p style='margin-left:60.0pt;text-indent:-12.0pt'><font size="2">Net Cash Provided by/(Used in) Operating Activities</font></p>
  </td>
  <td valign=bottom style='width:19px;background:white;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:17px;border-bottom:
  1.0pt solid black;background:white;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:66px;border-bottom:
  1.0pt solid black;background:white;padding:0in; ' align="right">
  <p class=MsoNormal align=right style='text-align:right'><font size="2">12,038</font></p>
  </td>
  <td valign=bottom style='width:21px;background:white;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:15px;border-bottom:
  1.0pt solid black;background:white;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:62px;border-bottom:
  1.0pt solid black;background:white;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(951</font></p>
  </td>
  <td valign=bottom style='width:8px;background:white;padding:0in; '>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
 </tr>
 <tr>
  <td valign=bottom style='width:708px;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:19px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:17px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:66px;background:#CCEEFF;padding:
  0in; ' align="right">
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:21px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:15px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:62px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:8px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td style='width:708px;background:white;padding:0in; '>
  <p class=MsoNormal><b><font size="2">Cash Flows from
  Investing Activities</font></b></p>
  </td>
  <td valign=bottom style='width:19px;background:white;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:17px;background:white;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:66px;background:white;padding:0in; ' align="right">
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:21px;background:white;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:15px;background:white;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:62px;background:white;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:8px;background:white;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td style='width:708px;background:#CCEEFF;padding:0in; '>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">Proceeds
  from Sale of Assets</font></p>
  </td>
  <td valign=bottom style='width:19px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:17px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:66px;background:#CCEEFF;padding:
  0in; ' align="right">
  <p class=MsoNormal align=right style='text-align:right'><font size="2">659</font></p>
  </td>
  <td valign=bottom style='width:21px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:15px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:62px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">399</font></p>
  </td>
  <td valign=bottom style='width:8px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td style='width:708px;background:white;padding:0in; '>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">Additions
  to Property, Plant and Equipment</font></p>
  </td>
  <td valign=bottom style='width:19px;background:white;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:17px;border-bottom:
  1.0pt solid black;background:white;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:66px;border-bottom:
  1.0pt solid black;background:white;padding:0in; ' align="right">
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(9,864</font></p>
  </td>
  <td valign=bottom style='width:21px;background:white;padding:0in; '>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:15px;border-bottom:
  1.0pt solid black;background:white;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:62px;border-bottom:
  1.0pt solid black;background:white;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(12,529</font></p>
  </td>
  <td valign=bottom style='width:8px;background:white;padding:0in; '>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
 </tr>
 <tr>
  <td valign=bottom style='width:708px;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:19px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:17px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:66px;background:#CCEEFF;padding:
  0in; ' align="right">
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:21px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:15px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:62px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:8px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td style='width:708px;background:white;padding:0in; '>
  <p style='margin-left:60.0pt;text-indent:-12.0pt'><font size="2">Net Cash Used in Investing Activities</font></p>
  </td>
  <td valign=bottom style='width:19px;background:white;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:17px;border-bottom:
  1.0pt solid black;background:white;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:66px;border-bottom:
  1.0pt solid black;background:white;padding:0in; ' align="right">
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(9,205</font></p>
  </td>
  <td valign=bottom style='width:21px;background:white;padding:0in; '>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:15px;border-bottom:
  1.0pt solid black;background:white;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:62px;border-bottom:
  1.0pt solid black;background:white;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(12,130</font></p>
  </td>
  <td valign=bottom style='width:8px;background:white;padding:0in; '>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
 </tr>
 <tr>
  <td valign=bottom style='width:708px;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:19px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:17px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:66px;background:#CCEEFF;padding:
  0in; ' align="right">
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:21px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:15px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:62px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:8px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td style='width:708px;background:white;padding:0in; '>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><b><font size="2">Cash Flows from Financing Activities</font></b></p>
  </td>
  <td valign=bottom style='width:19px;background:white;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:17px;background:white;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:66px;background:white;padding:0in; ' align="right">
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:21px;background:white;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:15px;background:white;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:62px;background:white;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:8px;background:white;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td style='width:708px;background:#CCEEFF;padding:0in; '>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">Issuance
  of Debt</font></p>
  </td>
  <td valign=bottom style='width:19px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:17px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:66px;background:#CCEEFF;padding:
  0in; ' align="right">
  <p class=MsoNormal align=right style='text-align:right'><font size="2">3,416</font></p>
  </td>
  <td valign=bottom style='width:21px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:15px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:62px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">18,553</font></p>
  </td>
  <td valign=bottom style='width:8px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td style='width:708px;padding:0in; '>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">Repayment
  of Debt</font></p>
  </td>
  <td valign=bottom style='width:19px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:17px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:66px;padding:0in; ' align="right">
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(239</font></p>
  </td>
  <td valign=bottom style='width:21px;padding:0in; '>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
  <td valign=bottom style='width:15px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:62px;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(8,882</font></p>
  </td>
  <td valign=bottom style='width:8px;padding:0in; '>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
 </tr>
 <tr>
  <td style='width:708px;background:#CCEEFF;padding:0in; '>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">Dividends
  on Common Stock</font></p>
  </td>
  <td valign=bottom style='width:19px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:17px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:66px;background:#CCEEFF;padding:
  0in; ' align="right">
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(3,509</font></p>
  </td>
  <td valign=bottom style='width:21px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
  <td valign=bottom style='width:15px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:62px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(3,378</font></p>
  </td>
  <td valign=bottom style='width:8px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
 </tr>
 <tr>
  <td style='width:708px;padding:0in; '>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">Issuance
  of Common Stock</font></p>
  </td>
  <td valign=bottom style='width:19px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:17px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:66px;padding:0in; ' align="right">
  <p class=MsoNormal align=right style='text-align:right'><font size="2">1,409</font></p>
  </td>
  <td valign=bottom style='width:21px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:15px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:62px;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">155</font></p>
  </td>
  <td valign=bottom style='width:8px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td style='width:708px;background:#CCEEFF;padding:0in; '>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">Change
  in Treasury Stock</font></p>
  </td>
  <td valign=bottom style='width:19px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:17px;border-bottom:
  1.0pt solid black;background:#CCEEFF;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:66px;border-bottom:
  1.0pt solid black;background:#CCEEFF;padding:0in; ' align="right">
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(1,203</font></p>
  </td>
  <td valign=bottom style='width:21px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:15px;border-bottom:
  1.0pt solid black;background:#CCEEFF;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:62px;border-bottom:
  1.0pt solid black;background:#CCEEFF;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(501</font></p>
  </td>
  <td valign=bottom style='width:8px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
 </tr>
 <tr>
  <td valign=bottom style='width:708px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:19px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:17px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:66px;padding:0in; ' align="right">
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:21px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:15px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:62px;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:8px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td style='width:708px;background:#CCEEFF;padding:0in; '>
  <p style='margin-left:60.0pt;text-indent:-12.0pt'><font size="2">Net Cash (Used in)/Provided by Financing Activities</font></p>
  </td>
  <td valign=bottom style='width:19px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:17px;border-bottom:
  1.0pt solid black;background:#CCEEFF;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:66px;border-bottom:
  1.0pt solid black;background:#CCEEFF;padding:0in; ' align="right">
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(126</font></p>
  </td>
  <td valign=bottom style='width:21px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal><font size="2">)&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:15px;border-bottom:
  1.0pt solid black;background:#CCEEFF;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:62px;border-bottom:
  1.0pt solid black;background:#CCEEFF;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">5,947</font></p>
  </td>
  <td valign=bottom style='width:8px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=bottom style='width:708px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:19px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:17px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:66px;padding:0in; ' align="right">
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:21px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:15px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:62px;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:8px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td style='width:708px;background:#CCEEFF;padding:0in; '>
  <p class=MsoNormal><font size="2">Effect of Exchange Rate
  Changes on Cash and Cash Equivalents</font></p>
  </td>
  <td valign=bottom style='width:19px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:17px;border-bottom:
  1.0pt solid black;background:#CCEEFF;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:66px;border-bottom:
  1.0pt solid black;background:#CCEEFF;padding:0in; ' align="right">
  <p class=MsoNormal align=right style='text-align:right'><font size="2">313</font></p>
  </td>
  <td valign=bottom style='width:21px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:15px;border-bottom:
  1.0pt solid black;background:#CCEEFF;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:62px;border-bottom:
  1.0pt solid black;background:#CCEEFF;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(302</font></p>
  </td>
  <td valign=bottom style='width:8px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
 </tr>
 <tr>
  <td style='width:708px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:19px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:17px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:66px;padding:0in; ' align="right">
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:21px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:15px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:62px;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:8px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td style='width:708px;background:#CCEEFF;padding:0in; '>
  <p class=MsoNormal><font size="2">Net Change in Cash and Cash
  Equivalents</font></p>
  </td>
  <td valign=bottom style='width:19px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:17px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:66px;background:#CCEEFF;padding:
  0in; ' align="right">
  <p class=MsoNormal align=right style='text-align:right'><font size="2">3,020</font></p>
  </td>
  <td valign=bottom style='width:21px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:15px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:62px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(7,436</font></p>
  </td>
  <td valign=bottom style='width:8px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
 </tr>
 <tr>
  <td valign=bottom style='width:708px;background:white;
  padding:0in; '>
  <p class=MsoNormal><font size="2">Cash and Cash Equivalents
  at Beginning of Period</font></p>
  </td>
  <td valign=bottom style='width:19px;background:white;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:17px;border-bottom:
  1.0pt solid black;background:white;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:66px;border-bottom:
  1.0pt solid black;background:white;padding:0in; ' align="right">
  <p class=MsoNormal align=right style='text-align:right'><font size="2">&nbsp;44,671</font></p>
  </td>
  <td valign=bottom style='width:21px;background:white;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:15px;border-bottom:
  1.0pt solid black;background:white;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:62px;border-bottom:
  1.0pt solid black;background:white;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">30,124</font></p>
  </td>
  <td valign=bottom style='width:8px;background:white;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=bottom style='width:708px;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:19px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:17px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:66px;background:#CCEEFF;padding:
  0in; ' align="right">
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:21px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:15px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:62px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:8px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td style='width:708px;background:white;padding:0in; '>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><font size="2">Cash and Cash Equivalents at End of Period</font></p>
  </td>
  <td valign=bottom style='width:19px;background:white;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:17px;border-bottom:
  2.25pt double black;background:white;padding:0in; '>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:66px;border-bottom:
  2.25pt double black;background:white;padding:0in; ' align="right">
  <p class=MsoNormal align=right style='text-align:right'><font size="2">&nbsp;47,691</font></p>
  </td>
  <td valign=bottom style='width:21px;background:white;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:15px;border-bottom:
  2.25pt double black;background:white;padding:0in; '>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:62px;border-bottom:
  2.25pt double black;background:white;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">22,688</font></p>
  </td>
  <td valign=bottom style='width:8px;background:white;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
</table>

</div>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'>
<font size="2">See accompanying notes to consolidated financial
statements.</font></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<font size="2">

<br clear=all
style='page-break-before:always'>


</font>


<HR align=center width="100%" color=#999999 SIZE=3>


<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>
<font size="2">AMERON INTERNATIONAL CORPORATION AND SUBSIDIARIES</font></b></p>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>
<font size="2">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS </font> </b></p>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>
<font size="2">(Dollars in Thousands, Except Per Share Data)</font></b></p>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>
<font size="2">(Unaudited)</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><b><font size="2">Note
1.&nbsp; Basis of Presentation</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">Consolidated
financial statements for the interim periods included herein are unaudited;
however, they contain all adjustments, including normal recurring accruals,
which in the opinion of management, are necessary to present fairly the
consolidated financial position of Ameron International Corporation and all
wholly-owned subsidiaries (the &quot;Company&quot; or &quot;Ameron&quot; or the
&quot;Registrant&quot;) as of June 4, 2006, and consolidated results of operations and cash flows for the three and six months ended June 4, 2006 and May 29, 2005.&nbsp; Accounting measurements at interim dates inherently involve greater
reliance on estimates than at year-end.&nbsp; Results of operations for the
periods presented are not necessarily indicative of the results to be expected
for the full year.</font></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">For
accounting consistency, the quarter ends on the Sunday before or after the end
of the relevant calendar month, such that each quarter consists of
approximately 13 full weeks.&nbsp; Ameron's fiscal year ends on November 30,
regardless of the day of the week.&nbsp; The number of days per quarter can
change from period to period.</font></p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">&nbsp;
</font>
</p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">The
consolidated financial statements do not include certain footnote disclosures
and financial information normally included in consolidated financial
statements prepared in accordance with accounting principles generally accepted
in the United States of America and, therefore, should be read in conjunction
with the consolidated financial statements and notes included in Ameron's
Annual Report on Form&nbsp;10-K for the year ended November&nbsp;30, 2005
(&quot;2005 Annual Report&quot;).</font></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><b><font size="2">Note
2.&nbsp; New Accounting Pronouncements</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">In
May 2005, the Financial Accounting Standards Board (&quot;FASB&quot;) issued
Statements of Financial Accounting Standards (&quot;SFAS&quot;) No. 154, <i>Accounting
Changes and Error Corrections--A Replacement of APB Opinion No. 20 and FASB
Statement No. 3</i>.&nbsp; SFAS No. 154 requires retrospective application to
prior periods' financial statements for changes in accounting principles,
unless it is impracticable to determine either the period-specific effects or
the cumulative effects of the changes.&nbsp; SFAS No. 154 also requires that
retrospective application of a change in accounting principle be limited to the
direct effects of the change. Indirect effects of a change in accounting
principle, such as a change in non-discretionary profit-sharing payments
resulting from an accounting change, should be recognized in the period of the
accounting change.&nbsp; SFAS No. 154 also requires that a change in
depreciation, amortization, or depletion method for long-lived, non-financial
assets be accounted for as a change in accounting estimate affected by a change
in accounting principle.  SFAS No. 154 is effective for accounting changes and
corrections of errors made in fiscal years beginning after December 15, 2005.&nbsp; Early adoption is permitted for accounting changes and corrections of errors
made in fiscal years beginning after the date SFAS No. 154 was issued.&nbsp;
The Company is required to adopt the provision of SFAS No. 154, as applicable,
beginning in fiscal year 2007.&nbsp; Management does not believe the adoption
of SFAS No. 154 will have a material impact on the Company's financial position
or results of operations.</font></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">In
February 2006, the FASB issued SFAS No. 155, <i>Accounting for Certain Hybrid
Financial Instruments</i>.&nbsp; SFAS No. 155 amends FASB Statement No. 133 and
FASB Statement No. 140, and improves the financial reporting of certain hybrid
financial instruments by requiring more consistent accounting that eliminates
exemptions and provides a means to simplify the accounting for these
instruments.&nbsp; Specifically, SFAS No. 155 allows financial instruments that
have embedded derivatives to be accounted for as a whole (eliminating the need
to bifurcate the derivative from its host) if the holder elects to account for
the whole instrument on a fair value basis.&nbsp; SFAS No. 155 is effective for
all financial instruments acquired or issued after the beginning of an entity's
first fiscal year that begins after September 15, 2006.&nbsp; The Company is required to adopt the provisions of SFAS No. 155, as applicable, beginning in
fiscal year 2007.&nbsp; Management does not believe the adoption of SFAS No.
155 will have a material impact on the Company's financial position or results
of operations.</font></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><b><font size="2">Note
3.&nbsp;Restricted Cash</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt'><b><font size="2">&nbsp;</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">Restricted cash
consists of net proceeds of $9,001 from the sale of property in
Brea, California that were transferred directly to a trust fund established for a potential tax-free exchange under Internal Revenue
Code Section 1031.</font></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<b><font size="2"><br clear=all
style='page-break-before:always'>
</font>
</b>

<HR align=center width="100%" color=#999999 SIZE=3>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>
<font size="2">AMERON INTERNATIONAL CORPORATION AND SUBSIDIARIES </font> </b></p>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>
<font size="2">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
</font>
</b></p>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>
<font size="2">(Unaudited)</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt'><b><font size="2">&nbsp;</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt'><b><font size="2">Note
4.&nbsp; Inventories </font> </b></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">Inventories
are stated at the lower of cost or market.&nbsp; Inventories consisted of the
following:</font></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<div align=center>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="90%"
 style='width:90.0%;border-collapse:collapse'>
 <tr>
  <td width=649 valign=top style='width:486.75pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=19 valign=bottom style='width:14.25pt;background:white;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=94 colspan=2 valign=bottom style='width:70.5pt;border:none;
  border-bottom:solid windowtext 1.0pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=center style='text-align:center; margin-top:0; margin-bottom:2px'><b><font size="1">June 4,<br>
  2006</font></b></p>
  </td>
  <td width=29 valign=bottom style='width:21.75pt;background:white;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal align=center style='text-align:center'>&nbsp;</p>
  </td>
  <td width=88 colspan=2 valign=bottom style='width:66.0pt;border:none;
  border-bottom:solid windowtext 1.0pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=center style='text-align:center; margin-top:0; margin-bottom:2px'><b><font size="1">November 30,<br>
  2005</font></b></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=649 valign=top style='width:486.75pt;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><font size="2">Finished Products</font></p>
  </td>
  <td width=19 valign=bottom style='width:14.25pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;border:none;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td width=77 valign=bottom style='width:57.75pt;border:none;border-top:solid windowtext 1.0pt;
  background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">60,090</font></p>
  </td>
  <td width=29 valign=bottom style='width:21.75pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;border:none;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td width=71 valign=bottom style='width:53.25pt;border:none;border-top:solid windowtext 1.0pt;
  background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">54,661</font></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=649 valign=top style='width:486.75pt;padding:0in 0in 0in 0in'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><font size="2">Materials and Supplies</font></p>
  </td>
  <td width=19 valign=bottom style='width:14.25pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=77 valign=bottom style='width:57.75pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">26,242</font></p>
  </td>
  <td width=29 valign=bottom style='width:21.75pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=71 valign=bottom style='width:53.25pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">23,636</font></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=649 valign=top style='width:486.75pt;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><font size="2">Products in Process</font></p>
  </td>
  <td width=19 valign=bottom style='width:14.25pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;border:none;border-bottom:
  solid black 1.0pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=77 valign=bottom style='width:57.75pt;border:none;border-bottom:
  solid black 1.0pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">32,045</font></p>
  </td>
  <td width=29 valign=bottom style='width:21.75pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;border:none;border-bottom:
  solid black 1.0pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=71 valign=bottom style='width:53.25pt;border:none;border-bottom:
  solid black 1.0pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">20,092</font></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=649 valign=bottom style='width:486.75pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=19 valign=bottom style='width:14.25pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=77 valign=bottom style='width:57.75pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=29 valign=bottom style='width:21.75pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=71 valign=bottom style='width:53.25pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=10 valign=bottom style='width:.1in;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=649 valign=top style='width:486.75pt;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p style='margin-left:.5in;text-indent:-12.0pt'>&nbsp;</p>
  </td>
  <td width=19 valign=bottom style='width:14.25pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;border:none;border-bottom:
  double black 2.25pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td width=77 valign=bottom style='width:57.75pt;border:none;border-bottom:
  double black 2.25pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">118,377</font></p>
  </td>
  <td width=29 valign=bottom style='width:21.75pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;border:none;border-bottom:
  double black 2.25pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td width=71 valign=bottom style='width:53.25pt;border:none;border-bottom:
  double black 2.25pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">98,389</font></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
</table>

</div>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><b><font size="2">Note
5.&nbsp; Supplemental Disclosure of Cash Flow Information</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<div align=center>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="90%"
 style='width:90.0%;border-collapse:collapse' id="table1">
 <tr>
  <td width=649 valign=top style='width:486.75pt;background:white;padding:0in 0in 0in 0in'>
  &nbsp;</td>
  <td width=19 valign=bottom style='width:14.25pt;background:white;padding:
  0in 0in 0in 0in'>
  &nbsp;</td>
  <td colspan=5 valign=bottom style='border-bottom:1.0pt solid windowtext;background:white;padding:0in; ; border-left-color:inherit; border-left-width:medium; border-right-color:inherit; border-right-width:medium; border-top-color:inherit; border-top-width:medium'>
  <p align="center" style="margin-bottom: 6px; margin-top:0">
	<b><font size="1">Six Months Ended</font></b></td>
  <td width=10 valign=bottom style='width:.1in;background:white;padding:0in 0in 0in 0in'>
  &nbsp;</td>
 </tr>
 <tr>
  <td width=649 valign=top style='width:486.75pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=19 valign=bottom style='width:14.25pt;background:white;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=94 colspan=2 valign=bottom style='width:70.5pt;border:none;
  border-bottom:solid windowtext 1.0pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=center style='text-align:center; margin-top:0; margin-bottom:2px'><b><font size="1">June 4,<br>
  2006</font></b></p>
  </td>
  <td width=29 valign=bottom style='width:21.75pt;background:white;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal align=center style='text-align:center'>&nbsp;</p>
  </td>
  <td width=88 colspan=2 valign=bottom style='width:66.0pt;border:none;
  border-bottom:solid windowtext 1.0pt;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=center style='text-align:center; margin-top:0; margin-bottom:2px'><b><font size="1">
	May 29,<br>
  2005</font></b></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=649 valign=top style='width:486.75pt;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <font size="2">Interest Paid</font></td>
  <td width=19 valign=bottom style='width:14.25pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;border:none;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td width=77 valign=bottom style='width:57.75pt;border:none;border-top:solid windowtext 1.0pt;
  background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class="MsoNormal" align="right"><font size="2">2,576</font></td>
  <td width=29 valign=bottom style='width:21.75pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;border:none;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td width=71 valign=bottom style='width:53.25pt;border:none;border-top:solid windowtext 1.0pt;
  background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class="MsoNormal" align="right"><font size="2">1,306</font></td>
  <td width=10 valign=bottom style='width:.1in;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=649 valign=top style='width:486.75pt;padding:0in 0in 0in 0in'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'>&nbsp;</p>
  </td>
  <td width=19 valign=bottom style='width:14.25pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=77 valign=bottom style='width:57.75pt;padding:0in 0in 0in 0in'>
  &nbsp;</td>
  <td width=29 valign=bottom style='width:21.75pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=71 valign=bottom style='width:53.25pt;padding:0in 0in 0in 0in'>
  &nbsp;</td>
  <td width=10 valign=bottom style='width:.1in;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=649 valign=top style='width:486.75pt;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <font size="2">Income Taxes Paid</font></td>
  <td width=19 valign=bottom style='width:14.25pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;background:#CCEEFF;padding:0in; '>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td width=77 valign=bottom style='width:57.75pt;background:#CCEEFF;padding:0in; '>
  <p class="MsoNormal" align="right"><font size="2">3,331</font></td>
  <td width=29 valign=bottom style='width:21.75pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;background:#CCEEFF;padding:0in; '>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td width=71 valign=bottom style='width:53.25pt;background:#CCEEFF;padding:0in; '>
  <p class="MsoNormal" align="right"><font size="2">5,729</font></td>
  <td width=10 valign=bottom style='width:.1in;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=649 valign=bottom style='width:486.75pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=19 valign=bottom style='width:14.25pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=77 valign=bottom style='width:57.75pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=29 valign=bottom style='width:21.75pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=71 valign=bottom style='width:53.25pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=10 valign=bottom style='width:.1in;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width=649 valign=top style='width:486.75pt;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <font size="2">Restricted Cash</font></td>
  <td width=19 valign=bottom style='width:14.25pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;background:#CCEEFF;padding:0in; '>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td width=77 valign=bottom style='width:57.75pt;background:#CCEEFF;padding:0in; '>
  <p class="MsoNormal" align="right"><font size="2">9,001</font></td>
  <td width=29 valign=bottom style='width:21.75pt;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=17 valign=bottom style='width:12.75pt;background:#CCEEFF;padding:0in; '>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td width=71 valign=bottom style='width:53.25pt;background:#CCEEFF;padding:0in; '>
  <p class="MsoNormal" align="right"><font size="2">-</font></td>
  <td width=10 valign=bottom style='width:.1in;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
</table>

</div>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">Not included in the
cash flow statement for the six months ended June 4, 2006 was
restricted cash of $9,001 related to the net proceeds from the sale of property in Brea, California.</font></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><b><font size="2">Note
6.&nbsp; Joint Ventures</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt;text-indent:24.5pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">Operating
results of TAMCO, an investment which is accounted for under the equity method,
were as follows:</font></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<div align=center>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="90%"
 style='width:90.0%;border-collapse:collapse'>
 <tr style='height:15.0pt'>
  <td valign=top style='width:59%;background:white;padding:0in;
  height:15.0pt'>
  <p class=MsoNormal style="margin-top: 0; margin-bottom: 6px">&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;background:white;padding:0in;
  height:15.0pt'>
  <p class=MsoNormal style="margin-top: 0; margin-bottom: 6px">&nbsp;</p>
  </td>
  <td colspan=5 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; background:white; padding:0in; ' align="center">
  <p class=MsoNormal style='margin-bottom:6px;margin-top:0'><b>
	<font size="1">Three Months Ended</font></b></p>
  </td>
  <td valign=bottom style='width:2%;background:white;padding:0in;
  height:15.0pt'>
  <p class=MsoNormal style='margin-bottom:6px; margin-top:0'>&nbsp;</p>
  </td>
  <td colspan=5 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; background:white; padding:0in; '>
  <p class=MsoNormal align=center style='margin-bottom:6px;text-align:center; margin-top:0'><b>
	<font size="1">Six Months Ended</font></b></p>
  </td>
  <td valign=bottom style='width:1%;background:white;padding:0in;
  height:15.0pt'>
  <p class=MsoNormal style="margin-top: 0; margin-bottom: 6px">&nbsp;</p>
  </td>
 </tr>
 <tr style='height:15.0pt'>
  <td valign=top style='width:59%;padding:0in;
  height:15.0pt'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;padding:0in;
  height:15.0pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; height:15.0pt' align="center">
  <p class=MsoNormal align=center style='text-align:center; margin-top:0; margin-bottom:2px'><b><font size="1">June 4,<br>
  2006</font></b></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-bottom:medium none; width:2%;border-top:1.0pt solid windowtext;
  padding:0in;height:15.0pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='border-top:1.0pt solid windowtext;
  border-left:medium none;border-bottom:1.0pt solid windowtext;border-right:medium none;
  padding:0in;height:15.0pt'>
  <p class=MsoNormal align=center style='text-align:center; margin-top:0; margin-bottom:2px'><b><font size="1">May 29,<br>
  2005</font></b></p>
  </td>
  <td valign=bottom style='width:2%;padding:0in;
  height:15.0pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; height:15.0pt'>
  <p class=MsoNormal align=center style='text-align:center; margin-top:0; margin-bottom:2px'><b><font size="1">June 4,<br>
  2006</font></b></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-bottom:medium none; width:2%;border-top:1.0pt solid windowtext;
  padding:0in;height:15.0pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='border-top:1.0pt solid windowtext;
  border-left:medium none;border-bottom:1.0pt solid windowtext;border-right:medium none;
  padding:0in;height:15.0pt'>
  <p class=MsoNormal align=center style='text-align:center; margin-top:0; margin-bottom:2px'><b><font size="1">May 29,<br>
  2005</font></b></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in;
  height:15.0pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr style='height:15.0pt'>
  <td valign=top style='width:59%;background:#CCEEFF;padding:
  0in;height:15.0pt'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><font size="2">Net Sales</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in;height:15.0pt'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:1%;border:medium none;background:#CCEEFF;
  padding:0in;height:15.0pt'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td width="7%" valign=bottom style='border-left:medium none; border-right:medium none; border-bottom:medium none; border-top:1.0pt solid windowtext; background:#CCEEFF; padding:0in; height:15.0pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">72,702</font></p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;padding:
  0in;height:15.0pt'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:1%;border:medium none;background:#CCEEFF;
  padding:0in;height:15.0pt'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-bottom:medium none; width:7%;border-top:1.0pt solid windowtext;
  background:#CCEEFF;padding:0in;height:15.0pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">66,695</font></p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;padding:
  0in;height:15.0pt'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:1%;border:medium none;background:#CCEEFF;
  padding:0in;height:15.0pt'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-bottom:medium none; width:7%;border-top:1.0pt solid windowtext;
  background:#CCEEFF;padding:0in;height:15.0pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">123,771</font></p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;padding:
  0in;height:15.0pt'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;border:medium none;background:#CCEEFF;
  padding:0in;height:15.0pt'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-bottom:medium none; width:7%;border-top:1.0pt solid windowtext;
  background:#CCEEFF;padding:0in;height:15.0pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">113,880</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in;height:15.0pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr style='height:14.25pt'>
  <td valign=bottom style='width:59%;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='padding:0in;
  height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:7%;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:7%;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:7%;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr style='height:11.25pt'>
  <td valign=top style='width:59%;background:#CCEEFF;padding:
  0in;height:11.25pt'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt;line-height:11.25pt'>
	<font size="2">Gross Profit</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in;height:11.25pt'>
  <p class=MsoNormal style='line-height:11.25pt'><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in;height:11.25pt'>
  <p class=MsoNormal style='line-height:11.25pt'><font size="2">$</font></p>
  </td>
  <td width="7%" valign=bottom style='background:#CCEEFF;padding:
  0in;height:11.25pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">16,993</font></p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;padding:
  0in;height:11.25pt'>
  <p class=MsoNormal style='line-height:11.25pt'><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in;height:11.25pt'>
  <p class=MsoNormal style='line-height:11.25pt'><font size="2">$</font></p>
  </td>
  <td valign=bottom style='width:7%;background:#CCEEFF;
  padding:0in;height:11.25pt'>
  <p class=MsoNormal align=right style='text-align:right;line-height:11.25pt'>
	<font size="2">11,603</font></p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;padding:
  0in;height:11.25pt'>
  <p class=MsoNormal style='line-height:11.25pt'><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in;height:11.25pt'>
  <p class=MsoNormal style='line-height:11.25pt'><font size="2">$</font></p>
  </td>
  <td valign=bottom style='width:7%;background:#CCEEFF;padding:
  0in;height:11.25pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">22,095</font></p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;padding:
  0in;height:11.25pt'>
  <p class=MsoNormal align=right style='text-align:right;line-height:11.25pt'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in;height:11.25pt'>
  <p class=MsoNormal style='line-height:11.25pt'><font size="2">$</font></p>
  </td>
  <td valign=bottom style='width:7%;background:#CCEEFF;
  padding:0in;height:11.25pt'>
  <p class=MsoNormal align=right style='text-align:right;line-height:11.25pt'>
	<font size="2">16,179</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in;height:11.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr style='height:14.25pt'>
  <td valign=top style='width:59%;padding:0in;
  height:14.25pt'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='padding:0in;
  height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:7%;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:7%;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:7%;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr style='height:11.25pt'>
  <td valign=top style='width:59%;background:#CCEEFF;padding:
  0in;height:11.25pt'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt;line-height:11.25pt'>
	<font size="2">Net Income</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in;height:11.25pt'>
  <p class=MsoNormal style='line-height:11.25pt'><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in;height:11.25pt'>
  <p class=MsoNormal style='line-height:11.25pt'><font size="2">$</font></p>
  </td>
  <td width="7%" valign=bottom style='background:#CCEEFF;padding:
  0in;height:11.25pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">8,490</font></p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;padding:
  0in;height:11.25pt'>
  <p class=MsoNormal style='line-height:11.25pt'><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in;height:11.25pt'>
  <p class=MsoNormal style='line-height:11.25pt'><font size="2">$</font></p>
  </td>
  <td valign=bottom style='width:7%;background:#CCEEFF;
  padding:0in;height:11.25pt'>
  <p class=MsoNormal align=right style='text-align:right;line-height:11.25pt'>
	<font size="2">5,561</font></p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;padding:
  0in;height:11.25pt'>
  <p class=MsoNormal style='line-height:11.25pt'><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in;height:11.25pt'>
  <p class=MsoNormal style='line-height:11.25pt'><font size="2">$</font></p>
  </td>
  <td valign=bottom style='width:7%;background:#CCEEFF;padding:
  0in;height:11.25pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">10,231</font></p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;padding:
  0in;height:11.25pt'>
  <p class=MsoNormal align=right style='text-align:right;line-height:11.25pt'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in;height:11.25pt'>
  <p class=MsoNormal style='line-height:11.25pt'><font size="2">$</font></p>
  </td>
  <td valign=bottom style='width:7%;background:#CCEEFF;
  padding:0in;height:11.25pt'>
  <p class=MsoNormal align=right style='text-align:right;line-height:11.25pt'>
	<font size="2">7,159</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in;height:11.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
</table>

</div>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">Investments
in Ameron Saudi Arabia, Ltd. (&quot;ASAL&quot;), Bondstrand, Ltd.
(&quot;BL&quot;) and Oasis-Ameron, Ltd. (&quot;OAL&quot;) are accounted for
under the cost method due to management's current assessment of the Company's
influence over these joint ventures.</font></p>

<p class=MsoNormal>&nbsp;</p>

<b><font size="2"><br clear=all
style='page-break-before:always'>
</font>
</b>

<HR align=center width="100%" color=#999999 SIZE=3>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>
<font size="2">AMERON INTERNATIONAL CORPORATION AND SUBSIDIARIES </font> </b></p>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>
<font size="2">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
</font>
</b></p>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>
<font size="2">(Unaudited) </font> </b></p>

<p><font size="2">Earnings and dividends from the Company's&nbsp;joint
ventures were as follows: </font> </p>

<div align=center>

<table class=MsoNormalTable border=1 cellspacing=0 cellpadding=0 width="90%"
 style='width:90.0%;border-collapse:collapse;border:none'>
 <tr>
  <td valign=top style='width:59%;border:medium none;padding:0in'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;border:medium none;padding:0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td colspan=5 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center; margin-top:0'><b>
	<font size="1">Three Months Ended</font></b></p>
  </td>
  <td valign=bottom style='width:2%;border:medium none;padding:0in; '>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center'><b>
	<font size="1">&nbsp;</font></b></p>
  </td>
  <td colspan=5 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center; margin-top:0'><b>
	<font size="1">Six Months Ended</font></b></p>
  </td>
  <td valign=bottom style='width:1%;border:medium none;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:59%;border:medium none;padding:0in'>
  <p style='margin-left:.5in;text-indent:-12.0pt'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;border:medium none;padding:0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; padding:0in; border-bottom-color:#000000' colspan="2" align="center">
  <p class=MsoNormal style="margin-bottom: 2px; margin-top:0"><b><font size="1">June 4, </font></b></p>
	<p class=MsoNormal style="margin-bottom: 2px; margin-top:0"><b>
	<font size="1">2006</font></b></p>
  </td>
  <td valign=bottom style='width:2%;border:medium none;padding:0in; ' align="center">
  <p class=MsoNormal><b><font size="1">&nbsp;&nbsp;</font></b></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1px solid #000000; padding:0in; ' colspan="2" align="center">
  <p style="margin-bottom: 2px; margin-top:0"><b><font size="1">May 29, </font></b>
	<p style="margin-bottom: 2px; margin-top:0"><b><font size="1">2005</font></b></td>
  <td valign=bottom style='width:2%;border:medium none;padding:0in; ' align="center">
  <p class=MsoNormal><b><font size="1">&nbsp;&nbsp;</font></b></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; padding:0in; border-bottom-color:#000000' colspan="2" align="center">
  <p class=MsoNormal style="margin-bottom: 2px; margin-top:0"><font size="1"><b>June 4, </b></font></p>
	<p class=MsoNormal style="margin-bottom: 2px; margin-top:0"><font size="1">
	<b>2006</b></font></p>
  </td>
  <td valign=bottom style='width:2%;border:medium none;padding:0in; ' align="center">
  <p class=MsoNormal><b><font size="1">&nbsp;&nbsp;</font></b></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; padding:0in; border-bottom-color:#000000' colspan="2" align="center">
  <p class=MsoNormal style="margin-bottom: 2px; margin-top:0"><font size="1"><b>May 29, </b></font></p>
	<p class=MsoNormal style="margin-bottom: 2px; margin-top:0"><font size="1">
	<b>2005</b></font></p>
  </td>
  <td valign=bottom style='width:1%;border:medium none;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:59%;border:medium none;background:#CCEEFF;
  padding:0in'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><font size="2">Earnings from Joint Ventures</font></p>
  </td>
  <td valign=bottom style='width:2%;border:medium none;background:#CCEEFF;
  padding:0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;border:medium none;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='border:medium none;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;border:medium none;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-bottom:medium none; width:1%;background:#CCEEFF;
  padding:0in; ; border-top-color:inherit'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-bottom:medium none; width:7%;background:#CCEEFF;
  padding:0in; ; border-top-color:inherit'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;border:medium none;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;border:medium none;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:7%;border:medium none;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;border:medium none;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;border:medium none;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-bottom:medium none; width:7%;border-top:medium none windowtext;
  background:#CCEEFF;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;border:medium none;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:59%;border:medium none;padding:0in'>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">TAMCO</font></p>
  </td>
  <td valign=bottom style='width:2%;border:medium none;padding:0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:1%;border:medium none;padding:0in; '>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td width="7%" valign=bottom style='border:medium none;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">4,245&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:2%;border:medium none;padding:0in; '>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:1%;border:medium none;padding:0in; '>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='width:7%;border:medium none;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">2,781</font></p>
  </td>
  <td valign=bottom style='width:2%;border:medium none;padding:0in; '>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:1%;border:medium none;padding:0in; '>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='width:7%;border:medium none;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">5,116&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:2%;border:medium none;padding:0in; '>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:1%;border:medium none;padding:0in; '>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='width:7%;border:medium none;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">3,436</font></p>
  </td>
  <td valign=bottom style='width:1%;border:medium none;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:59%;border:medium none;background:#CCEEFF;
  padding:0in'>
  <p class=MsoNormal><font size="2">Dividends Received from
  Joint Ventures</font></p>
  </td>
  <td valign=bottom style='width:2%;border:medium none;background:#CCEEFF;
  padding:0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;border:medium none;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='border:medium none;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;border:medium none;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;border:medium none;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:7%;border:medium none;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;border:medium none;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;border:medium none;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:7%;border:medium none;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;border:medium none;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;border:medium none;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:7%;border:medium none;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;border:medium none;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:59%;border:medium none;background:white;
  padding:0in'>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">TAMCO</font></p>
  </td>
  <td valign=bottom style='width:2%;border:medium none;background:white;
  padding:0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:1%;border:medium none;background:white;
  padding:0in; '>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td width="7%" valign=bottom style='border:medium none;background:white;
  padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">4,015&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:2%;border:medium none;background:white;
  padding:0in; '>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:1%;border:medium none;background:white;
  padding:0in; '>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='width:7%;border:medium none;background:white;
  padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">2,832</font></p>
  </td>
  <td valign=bottom style='width:2%;border:medium none;background:white;
  padding:0in; '>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:1%;border:medium none;background:white;
  padding:0in; '>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='width:7%;border:medium none;background:white;
  padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">4,290&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:2%;border:medium none;background:white;
  padding:0in; '>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:1%;border:medium none;background:white;
  padding:0in; '>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='width:7%;border:medium none;background:white;
  padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">4,334</font></p>
  </td>
  <td valign=bottom style='width:1%;border:medium none;background:white;
  padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:59%;border:medium none;background:#CCEEFF;
  padding:0in'>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">ASAL</font></p>
  </td>
  <td valign=bottom style='width:2%;border:medium none;background:#CCEEFF;
  padding:0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;border:medium none;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='border:medium none;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">-</font></p>
  </td>
  <td valign=bottom style='width:2%;border:medium none;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;border:medium none;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:7%;border:medium none;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">-</font></p>
  </td>
  <td valign=bottom style='width:2%;border:medium none;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;border:medium none;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:7%;border:medium none;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">-</font></p>
  </td>
  <td valign=bottom style='width:2%;border:medium none;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;border:medium none;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:7%;border:medium none;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">-</font></p>
  </td>
  <td valign=bottom style='width:1%;border:medium none;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:59%;border:medium none;padding:0in'>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">BL</font></p>
  </td>
  <td valign=bottom style='width:2%;border:medium none;padding:0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;border:medium none;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='border:medium none;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">-</font></p>
  </td>
  <td valign=bottom style='width:2%;border:medium none;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;border:medium none;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:7%;border:medium none;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">-</font></p>
  </td>
  <td valign=bottom style='width:2%;border:medium none;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;border:medium none;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:7%;border:medium none;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">-</font></p>
  </td>
  <td valign=bottom style='width:2%;border:medium none;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;border:medium none;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:7%;border:medium none;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">-</font></p>
  </td>
  <td valign=bottom style='width:1%;border:medium none;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; width:59%;border-bottom:medium none windowtext;
  background:#CCEEFF;padding:0in'>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">OAL</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:2%;border-bottom:medium none windowtext;
  background:#CCEEFF;padding:0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:1%;border-bottom:medium none windowtext;
  background:#CCEEFF;padding:0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:medium none windowtext; background:#CCEEFF; padding:0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">-</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:2%;border-bottom:
  medium none windowtext;background:#CCEEFF;padding:0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:1%;border-bottom:medium none windowtext;
  background:#CCEEFF;padding:0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:7%;border-bottom:
  medium none windowtext;background:#CCEEFF;padding:0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">-</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:2%;border-bottom:medium none windowtext;
  background:#CCEEFF;padding:0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:1%;border-bottom:medium none windowtext;
  background:#CCEEFF;padding:0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:7%;border-bottom:
  medium none windowtext;background:#CCEEFF;padding:0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">-</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:2%;border-bottom:
  medium none windowtext;background:#CCEEFF;padding:0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:1%;border-bottom:medium none windowtext;
  background:#CCEEFF;padding:0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:7%;border-bottom:
  medium none windowtext;background:#CCEEFF;padding:0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">-</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:1%;border-bottom:medium none windowtext;
  background:#CCEEFF;padding:0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
</table>

</div>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">Earnings
from ASAL, BL, and OAL, if any, are included in other income.</font></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><b><font size="2">Note
7.&nbsp; Net Income Per Share </font> </b></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">Basic
net income per share is computed on the basis of the weighted-average number of
common shares outstanding during the periods presented. Diluted net income per
share is computed on the basis of the weighted-average number of common shares
outstanding, plus the effect of outstanding stock
options and restricted shares, using the treasury stock method.&nbsp; All outstanding common stock
equivalents, consisting of restricted shares of 98,002 and 99,834, and
options to purchase 396,883 and 677,351 common shares, were dilutive for the
three and six months ended June 4, 2006 and May 29, 2005, respectively.&nbsp; Following is a reconciliation of the weighted-average
number of shares used in the computation of basic and diluted net income per
share:</font></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<div align=center>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="90%"
 style='width:90.0%;border-collapse:collapse'>
 <tr style='height:15.0pt'>
  <td valign=top style='width:523px;background:white;padding:0in;
  '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:11px;background:white;padding:0in;
  '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=156 colspan=5 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; background:white; padding:0in; '>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center; margin-top:0'><b>
	<font size="1">Three Months Ended</font></b></p>
  </td>
  <td valign=bottom style='width:17px;background:white;padding:0in;
  '>
  <p class=MsoNormal style='margin-bottom:6.0pt'>&nbsp;</p>
  </td>
  <td colspan=5 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; background:white; padding:0in; '>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center; margin-top:0'><b>
	<font size="1">Six Months Ended</font></b></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:white;padding:0in;
  '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr style='height:15.0pt'>
  <td valign=bottom style='width:523px;background:white;padding:
  0in;height:15.0pt'>
  <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:11px;background:white;padding:0in;
  height:15.0pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:71px;border-bottom:1.0pt solid windowtext;background:white;padding:0in;
  height:15.0pt'>
  <p class=MsoNormal align=center style='text-align:center; margin-top:0; margin-bottom:2px'><b><font size="1">June 4,<br>
  2006</font></b></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-bottom:medium none; width:16px;border-top:1.0pt solid windowtext;
  background:white;padding:0in;height:15.0pt'>
  <p class=MsoNormal align=center style='text-align:center'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='width:69px;border-top:1.0pt solid windowtext;
  border-left:medium none;border-bottom:1.0pt solid windowtext;border-right:medium none;
  background:white;padding:0in;height:15.0pt'>
  <p class=MsoNormal align=center style='text-align:center; margin-top:0; margin-bottom:2px'><b><font size="1">May 29,<br>
  2005</font></b></p>
  </td>
  <td valign=bottom style='width:17px;background:white;padding:0in;
  height:15.0pt'>
  <p class=MsoNormal align=center style='text-align:center'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:70px;border-bottom:1.0pt solid windowtext;background:white;padding:0in;
  height:15.0pt'>
  <p class=MsoNormal align=center style='text-align:center; margin-top:0; margin-bottom:2px'><b><font size="1">June 4,<br>
  2006</font></b></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-bottom:medium none; width:15px;border-top:1.0pt solid windowtext;
  background:white;padding:0in;height:15.0pt'>
  <p class=MsoNormal align=center style='text-align:center'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='width:72px;border-top:1.0pt solid windowtext;
  border-left:medium none;border-bottom:1.0pt solid windowtext;border-right:medium none;
  background:white;padding:0in;height:15.0pt'>
  <p class=MsoNormal align=center style='text-align:center; margin-top:0; margin-bottom:2px'><b><font size="1">May 29,<br>
  2005</font></b></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:white;padding:0in 0in 0in 0in;
  height:15.0pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr style='height:14.25pt'>
  <td style='width:523px;background:#CCEEFF;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal><font size="2">Numerator:</font></p>
  </td>
  <td valign=bottom style='width:11px;background:#CCEEFF;padding:
  0in;height:14.25pt'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:11px;background:#CCEEFF;
  padding:0in;height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:60px;background:#CCEEFF;
  padding:0in;height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:16px;background:#CCEEFF;padding:
  0in;height:14.25pt'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:10px;background:#CCEEFF;padding:
  0in;height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:59px;background:#CCEEFF;
  padding:0in;height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:17px;background:#CCEEFF;padding:
  0in;height:14.25pt'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:11px;background:#CCEEFF;
  padding:0in;height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:59px;background:#CCEEFF;
  padding:0in;height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:15px;background:#CCEEFF;padding:
  0in;height:14.25pt'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:10px;border:medium none;background:#CCEEFF;
  padding:0in;height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-bottom:medium none; width:62px;border-top:1.0pt solid windowtext;
  background:#CCEEFF;padding:0in;height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:#CCEEFF;padding:0in 0in 0in 0in;
  height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr style='height:11.25pt'>
  <td style='width:523px;background:white;padding:0in;
  height:11.25pt'>
  <p style='margin-left:7.5pt;text-indent:7.5pt;line-height:11.25pt'>
	<font size="2">Net income</font></p>
  </td>
  <td valign=bottom style='width:11px;background:white;padding:0in;
  height:11.25pt'>
  <p class=MsoNormal style='line-height:11.25pt'><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:11px;border-bottom:
  2.25pt double black;background:white;padding:0in;height:11.25pt'>
  <p class=MsoNormal style='line-height:11.25pt'><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:60px;border-bottom:
  2.25pt double black;background:white;padding:0in;height:11.25pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">18,702</font></p>
  </td>
  <td valign=bottom style='width:16px;background:white;padding:0in;
  height:11.25pt'>
  <p class=MsoNormal style='line-height:11.25pt'><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:10px;border-bottom:
  2.25pt double black;background:white;padding:0in;height:11.25pt'>
  <p class=MsoNormal style='line-height:11.25pt'><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:59px;border-bottom:
  2.25pt double black;background:white;padding:0in;height:11.25pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">5,270</font></p>
  </td>
  <td valign=bottom style='width:17px;background:white;padding:0in;
  height:11.25pt'>
  <p class=MsoNormal style='line-height:11.25pt'><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:11px;border-bottom:
  2.25pt double black;background:white;padding:0in;height:11.25pt'>
  <p class=MsoNormal style='line-height:11.25pt'><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:59px;border-bottom:
  2.25pt double black;background:white;padding:0in;height:11.25pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">22,313</font></p>
  </td>
  <td valign=bottom style='width:15px;background:white;padding:0in;
  height:11.25pt'>
  <p class=MsoNormal style='line-height:11.25pt'><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:10px;border-bottom:
  2.25pt double black;background:white;padding:0in;height:11.25pt'>
  <p class=MsoNormal style='line-height:11.25pt'><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:62px;border-bottom:
  2.25pt double black;background:white;padding:0in;height:11.25pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">5,751</font></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:white;padding:0in 0in 0in 0in;
  height:11.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr style='height:14.25pt'>
  <td style='width:523px;background:#CCEEFF;padding:0in;
  height:14.25pt'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:11px;background:#CCEEFF;padding:
  0in;height:14.25pt'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:11px;background:#CCEEFF;
  padding:0in;height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:60px;background:#CCEEFF;
  padding:0in;height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:16px;background:#CCEEFF;padding:
  0in;height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:10px;background:#CCEEFF;padding:
  0in;height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:59px;background:#CCEEFF;
  padding:0in;height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:17px;background:#CCEEFF;padding:
  0in;height:14.25pt'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:11px;background:#CCEEFF;
  padding:0in;height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:59px;background:#CCEEFF;
  padding:0in;height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:15px;background:#CCEEFF;padding:
  0in;height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:10px;background:#CCEEFF;padding:
  0in;height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:62px;background:#CCEEFF;
  padding:0in;height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:#CCEEFF;padding:0in 0in 0in 0in;
  height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr style='height:11.25pt'>
  <td style='width:523px;background:white;padding:0in;
  height:11.25pt'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt;line-height:11.25pt'>
	<font size="2">Denominator for basic income per share:</font></p>
  </td>
  <td valign=bottom style='width:11px;background:white;padding:0in;
  height:11.25pt'>
  <p class=MsoNormal style='line-height:11.25pt'><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:11px;background:white;padding:
  0in;height:11.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:60px;background:white;padding:
  0in;height:11.25pt'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:16px;background:white;padding:0in;
  height:11.25pt'>
  <p class=MsoNormal style='line-height:11.25pt'><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:10px;background:white;padding:0in;
  height:11.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:59px;background:white;padding:
  0in;height:11.25pt'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:17px;background:white;padding:0in;
  height:11.25pt'>
  <p class=MsoNormal style='line-height:11.25pt'><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:11px;background:white;padding:
  0in;height:11.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:59px;background:white;padding:
  0in;height:11.25pt'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:15px;background:white;padding:0in;
  height:11.25pt'>
  <p class=MsoNormal style='line-height:11.25pt'><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:10px;background:white;padding:0in;
  height:11.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:62px;background:white;padding:
  0in;height:11.25pt'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:white;padding:0in 0in 0in 0in;
  height:11.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr style='height:14.25pt'>
  <td style='width:523px;background:#CCEEFF;padding:0in;
  height:14.25pt'>
  <p style='margin-left:7.5pt;text-indent:7.5pt'><font size="2">Weighted-average
  shares outstanding, basic</font></p>
  </td>
  <td valign=bottom style='width:11px;background:#CCEEFF;padding:
  0in;height:14.25pt'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:11px;border-bottom:
  2.25pt double black;background:#CCEEFF;padding:0in;height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:60px;border-bottom:
  2.25pt double black;background:#CCEEFF;padding:0in;height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">&nbsp; 8,669,661</font></p>
  </td>
  <td valign=bottom style='width:16px;background:#CCEEFF;padding:
  0in;height:14.25pt'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:10px;border-bottom:
  2.25pt double black;background:#CCEEFF;padding:0in;height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:59px;border-bottom:
  2.25pt double black;background:#CCEEFF;padding:0in;height:14.25pt'>
  <p align=right style='text-align:right'><font size="2">8,365,139</font></p>
  </td>
  <td valign=bottom style='width:17px;background:#CCEEFF;padding:
  0in;height:14.25pt'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:11px;border-bottom:
  2.25pt double black;background:#CCEEFF;padding:0in;height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:59px;border-bottom:
  2.25pt double black;background:#CCEEFF;padding:0in;height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">&nbsp; 8,641,965</font></p>
  </td>
  <td valign=bottom style='width:15px;background:#CCEEFF;padding:
  0in;height:14.25pt'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:10px;border-bottom:
  2.25pt double black;background:#CCEEFF;padding:0in;height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:62px;border-bottom:
  2.25pt double black;background:#CCEEFF;padding:0in;height:14.25pt'>
  <p align=right style='text-align:right'><font size="2">8,353,738</font></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:#CCEEFF;padding:0in 0in 0in 0in;
  height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr style='height:11.25pt'>
  <td style='width:523px;padding:0in;height:11.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:11px;padding:0in;
  height:11.25pt'>
  <p class=MsoNormal style='line-height:11.25pt'><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:11px;padding:0in;
  height:11.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:60px;padding:0in;
  height:11.25pt'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:16px;padding:0in;
  height:11.25pt'>
  <p class=MsoNormal style='line-height:11.25pt'><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:10px;padding:0in;
  height:11.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:59px;padding:0in;
  height:11.25pt'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:17px;padding:0in;
  height:11.25pt'>
  <p class=MsoNormal style='line-height:11.25pt'><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:11px;padding:0in;
  height:11.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:59px;padding:0in;
  height:11.25pt'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:15px;padding:0in;
  height:11.25pt'>
  <p class=MsoNormal style='line-height:11.25pt'><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:10px;padding:0in;
  height:11.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:62px;padding:0in;
  height:11.25pt'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td width=10 valign=bottom style='width:.1in;padding:0in 0in 0in 0in;
  height:11.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr style='height:11.25pt'>
  <td style='width:523px;background:#CCEEFF;padding:0in;
  height:11.25pt'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt;line-height:11.25pt'>
	<font size="2">Denominator for diluted income per share:</font></p>
  </td>
  <td valign=bottom style='width:11px;background:#CCEEFF;padding:
  0in;height:11.25pt'>
  <p class=MsoNormal style='line-height:11.25pt'><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:11px;background:#CCEEFF;
  padding:0in;height:11.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:60px;background:#CCEEFF;
  padding:0in;height:11.25pt'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:16px;background:#CCEEFF;padding:
  0in;height:11.25pt'>
  <p class=MsoNormal style='line-height:11.25pt'><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:10px;background:#CCEEFF;padding:
  0in;height:11.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:59px;background:#CCEEFF;
  padding:0in;height:11.25pt'>
  <p class=MsoNormal align=right style='text-align:right;line-height:11.25pt'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:17px;background:#CCEEFF;padding:
  0in;height:11.25pt'>
  <p class=MsoNormal style='line-height:11.25pt'><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:11px;background:#CCEEFF;
  padding:0in;height:11.25pt'>
  <p class=MsoNormal style='line-height:11.25pt'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:59px;background:#CCEEFF;
  padding:0in;height:11.25pt'>
  <p class=MsoNormal align=right style='text-align:right;line-height:11.25pt'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:15px;background:#CCEEFF;padding:
  0in;height:11.25pt'>
  <p class=MsoNormal style='line-height:11.25pt'><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:10px;background:#CCEEFF;padding:
  0in;height:11.25pt'>
  <p class=MsoNormal style='line-height:11.25pt'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:62px;background:#CCEEFF;
  padding:0in;height:11.25pt'>
  <p class=MsoNormal align=right style='text-align:right;line-height:11.25pt'>&nbsp;</p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:#CCEEFF;padding:0in 0in 0in 0in;
  height:11.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr style='height:14.25pt'>
  <td style='width:523px;padding:0in;height:14.25pt'>
  <p style='margin-left:7.5pt;text-indent:7.5pt'><font size="2">Weighted-average
  shares outstanding, basic</font></p>
  </td>
  <td valign=bottom style='width:11px;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:11px;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:60px;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">&nbsp;8,669,661</font></p>
  </td>
  <td valign=bottom style='width:16px;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:10px;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:59px;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">&nbsp;8,365,139</font></p>
  </td>
  <td valign=bottom style='width:17px;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:11px;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:59px;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">&nbsp;8,641,965</font></p>
  </td>
  <td valign=bottom style='width:15px;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:10px;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:62px;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">&nbsp;8,353,738</font></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;padding:0in 0in 0in 0in;
  height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr style='height:14.25pt'>
  <td style='width:523px;background:#CCEEFF;padding:0in;
  height:14.25pt'>
  <p style='margin-left:.25in;text-indent:-3.0pt'><font size="2">Dilutive
  effect of stock options and restricted shares</font></p>
  </td>
  <td valign=bottom style='width:11px;background:#CCEEFF;padding:
  0in;height:14.25pt'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:11px;border-bottom:
  1.0pt solid black;background:#CCEEFF;padding:0in;height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:60px;border-bottom:
  1.0pt solid black;background:#CCEEFF;padding:0in;height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">173,698</font></p>
  </td>
  <td valign=bottom style='width:16px;background:#CCEEFF;padding:
  0in;height:14.25pt'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:10px;border-bottom:
  1.0pt solid black;background:#CCEEFF;padding:0in;height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:59px;border-bottom:
  1.0pt solid black;background:#CCEEFF;padding:0in;height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">135,688</font></p>
  </td>
  <td valign=bottom style='width:17px;background:#CCEEFF;padding:
  0in;height:14.25pt'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:11px;border-bottom:
  1.0pt solid black;background:#CCEEFF;padding:0in;height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:59px;border-bottom:
  1.0pt solid black;background:#CCEEFF;padding:0in;height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">172,735</font></p>
  </td>
  <td valign=bottom style='width:15px;background:#CCEEFF;padding:
  0in;height:14.25pt'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:10px;border-bottom:
  1.0pt solid black;background:#CCEEFF;padding:0in;height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:62px;border-bottom:
  1.0pt solid black;background:#CCEEFF;padding:0in;height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">156,605</font></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:#CCEEFF;padding:0in 0in 0in 0in;
  height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr style='height:14.25pt'>
  <td style='width:523px;padding:0in;height:14.25pt'>
  <p style='margin-left:7.5pt;text-indent:7.5pt'><font size="2">Weighted-average
  shares outstanding, diluted</font></p>
  </td>
  <td valign=bottom style='width:11px;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:11px;border-bottom:
  2.25pt double black;padding:0in;height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:60px;border-bottom:
  2.25pt double black;padding:0in;height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">8,843,359</font></p>
  </td>
  <td valign=bottom style='width:16px;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:10px;border-bottom:
  2.25pt double black;padding:0in;height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:59px;border-bottom:
  2.25pt double black;padding:0in;height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">8,500,827</font></p>
  </td>
  <td valign=bottom style='width:17px;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:11px;border-bottom:
  2.25pt double black;padding:0in;height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:59px;border-bottom:
  2.25pt double black;padding:0in;height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">8,814,700</font></p>
  </td>
  <td valign=bottom style='width:15px;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:10px;border-bottom:
  2.25pt double black;padding:0in;height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:62px;border-bottom:
  2.25pt double black;padding:0in;height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">8,510,343</font></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;padding:0in 0in 0in 0in;
  height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr style='height:11.25pt'>
  <td style='width:523px;background:#CCEEFF;padding:0in;
  height:11.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:11px;background:#CCEEFF;padding:
  0in;height:11.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:11px;background:#CCEEFF;
  padding:0in;height:11.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:60px;background:#CCEEFF;
  padding:0in;height:11.25pt'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:16px;background:#CCEEFF;padding:
  0in;height:11.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:10px;background:#CCEEFF;padding:
  0in;height:11.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:59px;background:#CCEEFF;
  padding:0in;height:11.25pt'>
  <p class=MsoNormal align=right style='text-align:right;line-height:11.25pt'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:17px;background:#CCEEFF;padding:
  0in;height:11.25pt'>
  <p class=MsoNormal style='line-height:11.25pt'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:11px;background:#CCEEFF;
  padding:0in;height:11.25pt'>
  <p class=MsoNormal style='line-height:11.25pt'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:59px;background:#CCEEFF;
  padding:0in;height:11.25pt'>
  <p class=MsoNormal align=right style='text-align:right;line-height:11.25pt'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:15px;background:#CCEEFF;padding:
  0in;height:11.25pt'>
  <p class=MsoNormal style='line-height:11.25pt'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:10px;background:#CCEEFF;padding:
  0in;height:11.25pt'>
  <p class=MsoNormal style='line-height:11.25pt'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:62px;background:#CCEEFF;
  padding:0in;height:11.25pt'>
  <p class=MsoNormal align=right style='text-align:right;line-height:11.25pt'>&nbsp;</p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:#CCEEFF;padding:0in 0in 0in 0in;
  height:11.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td style='width:523px;padding:0in; '>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><font size="2">Basic net income per share</font></p>
  </td>
  <td valign=bottom style='width:11px;padding:0in; '>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:11px;border-bottom:
  2.25pt double black;padding:0in; '>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:60px;border-bottom:
  2.25pt double black;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">2.16</font></p>
  </td>
  <td valign=bottom style='width:16px;padding:0in; '>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:10px;border-bottom:
  2.25pt double black;padding:0in; '>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:59px;border-bottom:
  2.25pt double black;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">.63</font></p>
  </td>
  <td valign=bottom style='width:17px;padding:0in; '>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:11px;border-bottom:
  2.25pt double black;padding:0in; '>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:59px;border-bottom:
  2.25pt double black;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">2.58</font></p>
  </td>
  <td valign=bottom style='width:15px;padding:0in; '>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:10px;border-bottom:
  2.25pt double black;padding:0in; '>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:62px;border-bottom:
  2.25pt double black;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">.69</font></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr style='height:14.25pt'>
  <td style='width:523px;background:#CCEEFF;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:11px;background:#CCEEFF;padding:
  0in;height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:11px;background:#CCEEFF;
  padding:0in;height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:60px;background:#CCEEFF;
  padding:0in;height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:16px;background:#CCEEFF;padding:
  0in;height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:10px;background:#CCEEFF;padding:
  0in;height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:59px;background:#CCEEFF;
  padding:0in;height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:17px;background:#CCEEFF;padding:
  0in;height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:11px;background:#CCEEFF;
  padding:0in;height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:59px;background:#CCEEFF;
  padding:0in;height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:15px;background:#CCEEFF;padding:
  0in;height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:10px;background:#CCEEFF;padding:
  0in;height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:62px;background:#CCEEFF;
  padding:0in;height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:#CCEEFF;padding:0in 0in 0in 0in;
  height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td style='width:523px;padding:0in; '>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><font size="2">Diluted net income per share</font></p>
  </td>
  <td valign=bottom style='width:11px;padding:0in; '>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:11px;border-bottom:
  2.25pt double black;padding:0in; '>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:60px;border-bottom:
  2.25pt double black;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">2.11</font></p>
  </td>
  <td valign=bottom style='width:16px;padding:0in; '>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:10px;border-bottom:
  2.25pt double black;padding:0in; '>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:59px;border-bottom:
  2.25pt double black;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">.62</font></p>
  </td>
  <td valign=bottom style='width:17px;padding:0in; '>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:11px;border-bottom:
  2.25pt double black;padding:0in; '>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:59px;border-bottom:
  2.25pt double black;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">2.53</font></p>
  </td>
  <td valign=bottom style='width:15px;padding:0in; '>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:10px;border-bottom:
  2.25pt double black;padding:0in; '>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:62px;border-bottom:
  2.25pt double black;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">.68</font></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
</table>

</div>

<b><font size="2"><br clear=all
style='page-break-before:always'>
</font>
</b>

<HR align=center width="100%" color=#999999 SIZE=3>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>
<font size="2">AMERON INTERNATIONAL CORPORATION AND SUBSIDIARIES</font></b></p>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>
<font size="2">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>
<font size="2">(Unaudited)</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><b><font size="2">Note
8.&nbsp; Comprehensive Income</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">Comprehensive
income was as follows:</font></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<div align=center>

<table class=MsoNormalTable border=0 cellpadding=0 width="95%"
 style='border-collapse:collapse'>
 <tr>
  <td valign=top style='width:513px;background:white;padding:0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:9px;background:white;padding:
  0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td colspan=5 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:182px;border-bottom:1.0pt solid windowtext;background:white;padding:0in'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center; margin-top:0'><b>
	<font size="1">Three Months Ended</font></b></p>
  </td>
  <td valign=bottom style='width:13px;background:white;padding:
  0in'>
  <p class=MsoNormal style='margin-bottom:6.0pt'>&nbsp;</p>
  </td>
  <td colspan=5 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:192px;border-bottom:1.0pt solid windowtext;background:white;padding:0in'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center; margin-top:0'><b>
	<font size="1">Six Months Ended</font></b></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:513px;background:white;padding:0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:9px;background:white;padding:
  0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:88px;border-bottom:1.0pt solid windowtext;background:white;padding:0in'>
  <p class=MsoNormal align=center style='text-align:center; margin-top:0; margin-bottom:2px'><b><font size="1">June 4,<br>
  2006</font></b></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-bottom:medium none; width:10px;border-top:1.0pt solid windowtext;
  background:white;padding:0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='width:84px;border-top:1.0pt solid windowtext;
  border-left:medium none;border-bottom:1.0pt solid windowtext;border-right:medium none;
  background:white;padding:0in'>
  <p class=MsoNormal align=center style='text-align:center; margin-top:0; margin-bottom:2px'><b><font size="1">May 29,<br>
  2005</font></b></p>
  </td>
  <td valign=bottom style='width:13px;background:white;padding:
  0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:88px;border-bottom:1.0pt solid windowtext;background:white;padding:0in'>
  <p class=MsoNormal align=center style='text-align:center; margin-top:0; margin-bottom:2px'><b><font size="1">June 4,<br>
  2006</font></b></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-bottom:medium none; width:19px;border-top:1.0pt solid windowtext;
  background:white;padding:0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='width:85px;border-top:1.0pt solid windowtext;
  border-left:medium none;border-bottom:1.0pt solid windowtext;border-right:medium none;
  background:white;padding:0in'>
  <p class=MsoNormal align=center style='text-align:center; margin-top:0; margin-bottom:2px'><b><font size="1">May 29,<br>
  2005</font></b></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:513px;background:#CCEEFF;padding:
  0in'>
  <p class=MsoNormal><font size="2">Net Income</font></p>
  </td>
  <td valign=bottom style='width:9px;background:#CCEEFF;
  padding:0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:20px;background:#CCEEFF;
  padding:0in'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='width:68px;background:#CCEEFF;padding:
  0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">18,702</font></p>
  </td>
  <td valign=bottom style='width:10px;background:#CCEEFF;padding:
  0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:42px;background:#CCEEFF;
  padding:0in'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='width:42px;background:#CCEEFF;padding:
  0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">5,270</font></p>
  </td>
  <td valign=bottom style='width:13px;background:#CCEEFF;
  padding:0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:18px;background:#CCEEFF;
  padding:0in'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='width:70px;background:#CCEEFF;padding:
  0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">22,313</font></p>
  </td>
  <td valign=bottom style='width:19px;background:#CCEEFF;padding:
  0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:15px;border:medium none;background:#CCEEFF;
  padding:0in'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-bottom:medium none; width:70px;border-top:1.0pt solid windowtext;
  background:#CCEEFF;padding:0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">5,751</font></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:513px;padding:0in'>
  <p class=MsoNormal><font size="2">Foreign Currency
  Translation Adjustment</font></p>
  </td>
  <td valign=bottom style='width:9px;padding:0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:20px;padding:0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:68px;padding:0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">3,930</font></p>
  </td>
  <td valign=bottom style='width:10px;padding:0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:42px;padding:0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:42px;padding:0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(4,481</font></p>
  </td>
  <td valign=bottom style='width:13px;padding:0in'>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
  <td valign=bottom style='width:18px;padding:0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:70px;padding:0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">4,487</font></p>
  </td>
  <td valign=bottom style='width:19px;padding:0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:15px;padding:0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:70px;padding:0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(4,057</font></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:513px;background:#CCEEFF;padding:
  0in'>
  <p class=MsoNormal><font size="2">Comprehensive Loss from
  Joint Venture</font></p>
  </td>
  <td valign=bottom style='width:9px;background:#CCEEFF;
  padding:0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:20px;border-bottom:
  1.0pt solid black;background:#CCEEFF;padding:0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:68px;border-bottom:
  1.0pt solid black;background:#CCEEFF;padding:0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">-&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:10px;background:#CCEEFF;padding:
  0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:42px;border-bottom:
  1.0pt solid black;background:#CCEEFF;padding:0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:42px;border-bottom:
  1.0pt solid black;background:#CCEEFF;padding:0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(56</font></p>
  </td>
  <td valign=bottom style='width:13px;background:#CCEEFF;
  padding:0in'>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:18px;border-bottom:
  1.0pt solid black;background:#CCEEFF;padding:0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:70px;border-bottom:
  1.0pt solid black;background:#CCEEFF;padding:0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">-&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:19px;background:#CCEEFF;padding:
  0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:15px;border-bottom:
  1.0pt solid black;background:#CCEEFF;padding:0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:70px;border-bottom:
  1.0pt solid black;background:#CCEEFF;padding:0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(79</font></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:513px;background:white;padding:0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:9px;background:white;padding:
  0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:20px;background:white;padding:
  0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:68px;background:white;padding:0in'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:10px;background:white;padding:0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:42px;background:white;padding:
  0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:42px;background:white;padding:0in'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:13px;background:white;padding:
  0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:18px;background:white;padding:
  0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:70px;background:white;padding:0in'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:19px;background:white;padding:0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:15px;background:white;padding:
  0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:70px;background:white;padding:0in'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:513px;background:#CCEEFF;padding:
  0in'>
  <p class=MsoNormal><font size="2">Comprehensive Income</font></p>
  </td>
  <td valign=bottom style='width:9px;background:#CCEEFF;
  padding:0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:20px;border-bottom:
  2.25pt double black;background:#CCEEFF;padding:0in'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:68px;border-bottom:
  2.25pt double black;background:#CCEEFF;padding:0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">22,632</font></p>
  </td>
  <td valign=bottom style='width:10px;background:#CCEEFF;padding:
  0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:42px;border-bottom:
  2.25pt double black;background:#CCEEFF;padding:0in'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:42px;border-bottom:
  2.25pt double black;background:#CCEEFF;padding:0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">733</font></p>
  </td>
  <td valign=bottom style='width:13px;background:#CCEEFF;
  padding:0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:18px;border-bottom:
  2.25pt double black;background:#CCEEFF;padding:0in'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:70px;border-bottom:
  2.25pt double black;background:#CCEEFF;padding:0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">26,800</font></p>
  </td>
  <td valign=bottom style='width:19px;background:#CCEEFF;padding:
  0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:15px;border-bottom:
  2.25pt double black;background:#CCEEFF;padding:0in'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:70px;border-bottom:
  2.25pt double black;background:#CCEEFF;padding:0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">1,615</font></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
</table>

</div>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><b><font size="2">Note
9.&nbsp; Debt</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">The
Company's long-term debt consisted of the following:</font></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<div align=center>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="95%"
 style='width:95.0%;border-collapse:collapse'>
 <tr>
  <td valign=top style='width:702px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:11px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:90px;border-bottom:1.0pt solid windowtext;padding:0in; '>
  <p class=MsoNormal align=center style='text-align:center; margin-top:0; margin-bottom:2px'><b><font size="1">June 4,<br>
  2006</font></b></p>
  </td>
  <td valign=bottom style='width:19px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:84px;border-bottom:1.0pt solid windowtext;padding:0in; '>
  <p class=MsoNormal align=center style='text-align:center; margin-top:0; margin-bottom:2px'><b><font size="1">November 30,<br>
  2005</font></b></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:702px;padding:0in; '>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><font size="2">Fixed-rate notes:</font></p>
  </td>
  <td valign=bottom style='width:11px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:21px;border:medium none;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-bottom:medium none; width:69px;border-top:1.0pt solid windowtext;
  padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:19px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:17px;border:medium none;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-bottom:medium none; width:64px;border-top:1.0pt solid windowtext;
  padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td width=10 valign=bottom style='width:.1in;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:702px;background:#CCEEFF;padding:
  0in; '>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">7.92%
  senior notes, payable in annual principal installments of $8,333, maturing in
  September 2006</font></p>
  </td>
  <td valign=bottom style='width:11px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:21px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='width:69px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">8,333</font></p>
  </td>
  <td valign=bottom style='width:19px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:17px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='width:64px;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">8,333</font></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:702px;padding:0in; '>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">5.36%
  senior notes, payable in annual principal installments of $10,000, maturing
  in November 2009</font></p>
  </td>
  <td valign=bottom style='width:11px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:21px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:69px;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">40,000</font></p>
  </td>
  <td valign=bottom style='width:19px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:17px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:64px;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">40,000</font></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:702px;background:#CCEEFF;padding:
  0in; '>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">4.25%
  senior notes, payable in Singapore Dollars, in annual principal installments
  of $6,480, commencing in 2008, maturing in November 2012</font></p>
  </td>
  <td valign=bottom style='width:11px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:21px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:69px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">32,401</font></p>
  </td>
  <td valign=bottom style='width:19px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:17px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:64px;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">30,158</font></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:702px;padding:0in; '>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><font size="2">Variable-rate industrial development bonds:</font></p>
  </td>
  <td valign=bottom style='width:11px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:21px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:69px;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:19px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:17px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:64px;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td width=10 valign=bottom style='width:.1in;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:702px;background:#CCEEFF;padding:
  0in; '>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">Maturing
  in 2016 (3.68% at June 4, 2006)</font></p>
  </td>
  <td valign=bottom style='width:11px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:21px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:69px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">7,200</font></p>
  </td>
  <td valign=bottom style='width:19px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:17px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:64px;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">7,200</font></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:702px;padding:0in; '>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">Maturing
  in 2021 (3.68% at June 4, 2006)</font></p>
  </td>
  <td valign=bottom style='width:11px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:21px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:69px;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">8,500</font></p>
  </td>
  <td valign=bottom style='width:19px;padding:0in; '>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:17px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:64px;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">8,500</font></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:702px;background:#CCEEFF;padding:
  0in; '>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><font size="2">Variable-rate bank revolving credit facilities:</font></p>
  </td>
  <td valign=bottom style='width:11px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:21px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:69px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:19px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:17px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:64px;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:702px;padding:0in; '>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">Foreign,
  maturing in September 2010 (4.41% at June 4, 2006)</font></p>
  </td>
  <td valign=bottom style='width:11px;padding:0in; '>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:21px;border-bottom:
  1.0pt solid black;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:69px;border-bottom:
  1.0pt solid black;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">4,616</font></p>
  </td>
  <td valign=bottom style='width:19px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:17px;border-bottom:
  1.0pt solid black;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:64px;border-bottom:
  1.0pt solid black;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">1,251</font></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=bottom style='width:702px;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:11px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:21px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:69px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:19px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:17px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:64px;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:702px;padding:0in; '>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><font size="2">Total long-term debt</font></p>
  </td>
  <td valign=bottom style='width:11px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:21px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:69px;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">101,050</font></p>
  </td>
  <td valign=bottom style='width:19px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:17px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:64px;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">95,442</font></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:702px;background:#CCEEFF;padding:
  0in; '>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">Less
  current portion</font></p>
  </td>
  <td valign=bottom style='width:11px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:21px;border-bottom:
  1.0pt solid black;background:#CCEEFF;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:69px;border-bottom:
  1.0pt solid black;background:#CCEEFF;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(18,333</font></p>
  </td>
  <td valign=bottom style='width:19px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:17px;border-bottom:
  1.0pt solid black;background:#CCEEFF;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:64px;border-bottom:
  1.0pt solid black;background:#CCEEFF;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(18,333</font></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
 </tr>
 <tr>
  <td valign=bottom style='width:702px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:11px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:21px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:69px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:19px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:17px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:64px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=10 valign=bottom style='width:.1in;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:702px;background:#CCEEFF;padding:
  0in; '>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><font size="2">Long-term debt, less current portion</font></p>
  </td>
  <td valign=bottom style='width:11px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:21px;border-bottom:
  2.25pt double black;background:#CCEEFF;padding:0in; '>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:69px;border-bottom:
  2.25pt double black;background:#CCEEFF;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">82,717</font></p>
  </td>
  <td valign=bottom style='width:19px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:17px;border-bottom:
  2.25pt double black;background:#CCEEFF;padding:0in; '>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:64px;border-bottom:
  2.25pt double black;background:#CCEEFF;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">77,109</font></p>
  </td>
  <td width=10 valign=bottom style='width:.1in;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
</table>

</div>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">The
Company maintains a $100,000 revolving credit facility with six banks (the
&quot;Revolver&quot;).&nbsp; Under the Revolver, the Company may, at its
option, borrow at floating interest rates (LIBOR plus a spread ranging from
..75% to 1.625% determined by the Company's financial condition and
performance), at any time until September 2010, when all borrowings under the
Revolver must be repaid.&nbsp; The lending agreements contain various
restrictive covenants, including the requirement to maintain specified amounts
of net worth and restrictions on cash dividends, borrowings, liens,
investments, guarantees, and financial covenants.&nbsp; The Company was in compliance
with all covenants as of June 4, 2006.&nbsp; The Revolver, the&nbsp;4.25% term notes, 5.36% term notes and the 7.92% term notes are collateralized by
a substantial portion of the Company's assets.&nbsp; The industrial revenue bonds
are supported by standby letters of credit&nbsp;that are issued under the
Revolver.&nbsp; The interest rate on the industrial development bonds is based
on a weekly index of tax exempt issues plus a spread of .20%.&nbsp; Certain
note agreements contain provisions regarding the Company's&nbsp;ability to grant
security interests or liens in association with other debt instruments.&nbsp;
If the Company grants such a security interest or lien, then such notes will be
collateralized equally and ratably as long as such other debt shall be
collateralized.</font></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">Borrowings
under certain bank facilities by the Company and its foreign subsidiaries are
supported by the Revolver and, accordingly, have been classified as long-term
debt and are considered payable when the Revolver is due.</font></p>

<b><font size="2"><br clear=all
style='page-break-before:always'>
</font>
</b>

<HR align=center width="100%" color=#999999 SIZE=3>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>
<font size="2">AMERON INTERNATIONAL CORPORATION AND SUBSIDIARIES</font></b></p>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>
<font size="2">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>
<font size="2">(Unaudited)</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt'><b><font size="2">&nbsp;</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt'><b><font size="2">Note
10.&nbsp; Segment Information</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">The
Company provides certain information about operating segments in accordance
with SFAS No. 131, &quot;Disclosure about Segments of an Enterprise and Related
Information.&quot; In accordance with SFAS No. 131, the Company has determined
that it has four reportable segments: Performance Coatings&nbsp;&amp; Finishes,
Fiberglass-Composite Pipe, Water Transmission, and Infrastructure Products. Infrastructure
Products consists of two operating segments, the Pole Products and Hawaii
Divisions, which are aggregated.&nbsp;Each of these segments has a dedicated
management team and is managed separately, primarily because of differences in
products. The Company's Chief Operating Decision Maker is
the Chief Executive Officer who primarily reviews the sales and income before
interest, income taxes and equity in earnings of joint venture for each
operating segment in making decisions about allocating resources and assessing
performance.&nbsp; The Company allocates certain selling, general and
administrative expenses to operating segments utilizing assumptions believed to
be appropriate in the circumstances.&nbsp; Costs of shared services (e.g.,
costs of Company-wide insurance programs or benefit plans) are allocated to the
reportable segments based on revenue, wages, or net assets employed.&nbsp;
Other items not related to current operations or of an unusual nature, such as
adjustments to reflect inventory balances of certain steel inventories under
the last-in, first-out (&quot;LIFO&quot;) method, certain unusual legal costs
and expenses, interest expense and income taxes, are not allocated to the
reportable segments.</font></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">Following
is information related to each reportable segment included in, and in a manner
consistent with, internal management reports:</font></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<div align=center>

<table class=MsoNormalTable border=0 cellpadding=0 width="95%"
 style='width:90%;border-collapse:collapse'>
 <tr>
  <td valign=top style='width:62%;background:white;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;background:white;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td colspan=5 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; background:white; padding:0in; '>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center; margin-top:0'><b>
	<font size="1">Three Months Ended</font></b></p>
  </td>
  <td valign=bottom style='width:2%;background:white;padding:0in; '>
  <p class=MsoNormal style='margin-bottom:6.0pt'>&nbsp;</p>
  </td>
  <td colspan=5 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; background:white; padding:0in; '>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center; margin-top:0'><b>
	<font size="1">Six Months Ended</font></b></p>
  </td>
  <td valign=bottom style='width:1%;background:white;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:62%;background:white;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;background:white;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; background:white; padding:0in; '>
  <p class=MsoNormal align=center style='text-align:center; margin-top:0; margin-bottom:2px'><b><font size="1">June 4,<br>
  2006</font></b></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-bottom:medium none; width:1%;border-top:1.0pt solid windowtext;
  background:white;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='width:8%;border-top:1.0pt solid windowtext;
  border-left:medium none;border-bottom:1.0pt solid windowtext;border-right:medium none;
  background:white;padding:0in; '>
  <p class=MsoNormal align=center style='text-align:center; margin-top:0; margin-bottom:2px'><b><font size="1">May 29,<br>
  2005</font></b></p>
  </td>
  <td valign=bottom style='width:2%;background:white;padding:0in; '>
  <p class=MsoNormal align=center style='text-align:center'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:8%;border-bottom:1.0pt solid windowtext;background:white;padding:0in; '>
  <p class=MsoNormal align=center style='text-align:center; margin-top:0; margin-bottom:2px'><b><font size="1">June 4,<br>
  2006</font></b></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-bottom:medium none; width:1%;border-top:1.0pt solid windowtext;
  background:white;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='width:8%;border-top:1.0pt solid windowtext;
  border-left:medium none;border-bottom:1.0pt solid windowtext;border-right:medium none;
  background:white;padding:0in; '>
  <p class=MsoNormal align=center style='text-align:center; margin-top:0; margin-bottom:2px'><b><font size="1">May 29,<br>
  2005</font></b></p>
  </td>
  <td valign=bottom style='width:1%;background:white;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:62%;background:#CCEEFF;padding:
  0in; '>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><b><font size="2">Sales</font></b></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="6%" valign=bottom style='background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:6%;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:6%;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;border:medium none;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-bottom:medium none; width:7%;border-top:1.0pt solid windowtext;
  background:#CCEEFF;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:62%;background:white;padding:0in; '>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><font size="2">Performance Coatings &amp; Finishes</font></p>
  </td>
  <td valign=bottom style='width:1%;background:white;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;background:white;padding:
  0in; '>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td width="6%" valign=bottom style='background:white;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">61,042</font></p>
  </td>
  <td valign=bottom style='width:1%;background:white;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;background:white;padding:0in; '>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='width:6%;background:white;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">54,067</font></p>
  </td>
  <td valign=bottom style='width:2%;background:white;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;background:white;padding:
  0in; '>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='width:6%;background:white;padding:
  0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">110,362</font></p>
  </td>
  <td valign=bottom style='width:1%;background:white;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;background:white;padding:0in; '>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='width:7%;background:white;padding:
  0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">96,012</font></p>
  </td>
  <td valign=bottom style='width:1%;background:white;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:62%;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal><font size="2">Fiberglass-Composite Pipe</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="6%" valign=bottom style='background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">46,257</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:6%;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">32,333</font></p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:6%;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">82,849</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:7%;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">58,765</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:62%;background:white;padding:0in; '>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><font size="2">Water Transmission</font></p>
  </td>
  <td valign=bottom style='width:1%;background:white;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;background:white;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="6%" valign=bottom style='background:white;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">37,906</font></p>
  </td>
  <td valign=bottom style='width:1%;background:white;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;background:white;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:6%;background:white;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">46,085</font></p>
  </td>
  <td valign=bottom style='width:2%;background:white;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;background:white;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:6%;background:white;padding:
  0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">81,087</font></p>
  </td>
  <td valign=bottom style='width:1%;background:white;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;background:white;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:7%;background:white;padding:
  0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">81,063</font></p>
  </td>
  <td valign=bottom style='width:1%;background:white;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:62%;background:#CCEEFF;padding:
  0in; '>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><font size="2">Infrastructure Products</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="6%" valign=bottom style='background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">48,887</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:6%;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">43,794</font></p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:6%;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">95,277</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:7%;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">79,329</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:62%;padding:0in; '>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><font size="2">Eliminations</font></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:2%;border-bottom:
  1.0pt solid black;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="6%" valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid black; padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(393</font></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; '>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:2%;border-bottom:
  1.0pt solid black;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:6%;border-bottom:
  1.0pt solid black;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(74</font></p>
  </td>
  <td valign=bottom style='width:2%;padding:0in; '>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:2%;border-bottom:
  1.0pt solid black;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:6%;border-bottom:
  1.0pt solid black;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(584</font></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; '>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:1%;border-bottom:1.0pt solid black;
  padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:7%;border-bottom:
  1.0pt solid black;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(152</font></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; '>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:62%;padding:0in; '>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">Total
  Sales</font></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; '>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:2%;border-bottom:
  2.25pt double black;padding:0in; '>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td width="6%" valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt double black; padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">193,699</font></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:2%;border-bottom:
  2.25pt double black;padding:0in; '>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:6%;border-bottom:
  2.25pt double black;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">176,205</font></p>
  </td>
  <td valign=bottom style='width:2%;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:2%;border-bottom:
  2.25pt double black;padding:0in; '>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:6%;border-bottom:
  2.25pt double black;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">368,991</font></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:1%;border-bottom:2.25pt double black;
  padding:0in; '>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:7%;border-bottom:
  2.25pt double black;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">315,017</font></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=bottom style='width:62%;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="6%" valign=bottom style='background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:6%;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:6%;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:7%;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:62%;padding:0in; '>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><b><font size="2">Income (Loss) Before Interest, Income Taxes and Equity in Earnings of
  Joint Venture</font></b></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="6%" valign=bottom style='padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:6%;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:6%;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:7%;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:62%;background:#CCEEFF;padding:
  0in; '>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><font size="2">Performance Coatings &amp; Finishes</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td width="6%" valign=bottom style='background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">3,053</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='width:6%;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">835</font></p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='width:6%;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">2,737</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='width:7%;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(1,683</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal align=center style='text-align:center'><font size="2">)</font></p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:62%;padding:0in; '>
  <p class=MsoNormal><font size="2">Fiberglass-Composite Pipe</font></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; '>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:2%;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="6%" valign=bottom style='padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">&nbsp;10,097</font></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:6%;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">5,959</font></p>
  </td>
  <td valign=bottom style='width:2%;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:6%;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">15,896</font></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:7%;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">9,955</font></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:62%;background:#CCEEFF;padding:
  0in; '>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><font size="2">Water Transmission</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="6%" valign=bottom style='background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">&nbsp;1,533</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:6%;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">6,623</font></p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:6%;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">3,431</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:7%;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">9,313</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:62%;padding:0in; '>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><font size="2">Infrastructure Products</font></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; '>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:2%;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="6%" valign=bottom style='padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">&nbsp;7,516</font></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:6%;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">5,557</font></p>
  </td>
  <td valign=bottom style='width:2%;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:6%;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">14,379</font></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:7%;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">8,976</font></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:62%;background:#CCEEFF;padding:
  0in; '>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><font size="2">Corporate &amp; Unallocated</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:2%;border-bottom:
  1.0pt solid black;background:#CCEEFF;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="6%" valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid black; background:#CCEEFF; padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">&nbsp;1,536</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:2%;border-bottom:
  1.0pt solid black;background:#CCEEFF;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:6%;border-bottom:
  1.0pt solid black;background:#CCEEFF;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(13,371</font></p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:2%;border-bottom:
  1.0pt solid black;background:#CCEEFF;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:6%;border-bottom:
  1.0pt solid black;background:#CCEEFF;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(7,291</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:1%;border-bottom:1.0pt solid black;
  background:#CCEEFF;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:7%;border-bottom:
  1.0pt solid black;background:#CCEEFF;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(19,754</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal align=center style='text-align:center'><font size="2">)</font></p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:62%;background:#CCEEFF;padding:
  0in; '>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">Total
  Income Before Interest, Income Taxes and Equity in Earnings of Joint Venture</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:2%;border-bottom:
  2.25pt double black;background:#CCEEFF;padding:0in; '>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td width="6%" valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt double black; background:#CCEEFF; padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">&nbsp;23,735</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;
  padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:2%;border-bottom:
  2.25pt double black;background:#CCEEFF;padding:0in; '>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:6%;border-bottom:
  2.25pt double black;background:#CCEEFF;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">5,603</font></p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:2%;border-bottom:
  2.25pt double black;background:#CCEEFF;padding:0in; '>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:6%;border-bottom:
  2.25pt double black;background:#CCEEFF;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">&nbsp;29,152</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:1%;border-bottom:2.25pt double black;
  background:#CCEEFF;padding:0in; '>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:7%;border-bottom:
  2.25pt double black;background:#CCEEFF;padding:0in; '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">6,807</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
</table>

</div>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<div align=center>

<table class=MsoNormalTable border=0 cellpadding=0 width="95%"
 style='width:90%;border-collapse:collapse'>
 <tr style='height:14.25pt'>
  <td valign=top style='width:702px;background:white;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:11px;background:white;padding:
  0in;height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:70px;border-bottom:1.0pt solid windowtext;background:white;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal align=center style='text-align:center; margin-top:0; margin-bottom:2px'><b><font size="1">June 4,<br>
  2006</font></b></p>
  </td>
  <td valign=bottom style='width:9px;background:white;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:71px;border-bottom:1.0pt solid windowtext;background:white;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal align=center style='text-align:center; margin-top:0; margin-bottom:2px'><b><font size="1">November 30,<br>
  2005</font></b></p>
  </td>
  <td valign=bottom style='width:9px;background:white;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:702px;background:#CCEEFF;padding:0in'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><b><font size="2">Assets</font></b></p>
  </td>
  <td valign=bottom style='width:11px;background:#CCEEFF;
  padding:0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:17px;border:medium none;background:#CCEEFF;
  padding:0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-bottom:medium none; width:53px;border-top:1.0pt solid windowtext;
  background:#CCEEFF;padding:0in'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:9px;background:#CCEEFF;padding:
  0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:10px;border:medium none;background:#CCEEFF;
  padding:0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-bottom:medium none; width:61px;border-top:1.0pt solid windowtext;
  background:#CCEEFF;padding:0in'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:9px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:702px;background:white;padding:0in'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><font size="2">Performance Coatings &amp; Finishes</font></p>
  </td>
  <td valign=bottom style='width:11px;background:white;padding:
  0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:17px;background:white;padding:0in'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='width:53px;background:white;padding:0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">186,346</font></p>
  </td>
  <td valign=bottom style='width:9px;background:white;padding:0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:10px;background:white;padding:
  0in'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='width:61px;background:white;padding:
  0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">170,784</font></p>
  </td>
  <td valign=bottom style='width:9px;background:white;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:702px;background:#CCEEFF;padding:0in'>
  <p class=MsoNormal><font size="2">Fiberglass-Composite Pipe</font></p>
  </td>
  <td valign=bottom style='width:11px;background:#CCEEFF;
  padding:0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:17px;background:#CCEEFF;padding:
  0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:53px;background:#CCEEFF;padding:
  0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">146,856</font></p>
  </td>
  <td valign=bottom style='width:9px;background:#CCEEFF;padding:
  0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:10px;background:#CCEEFF;
  padding:0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:61px;background:#CCEEFF;
  padding:0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">176,713</font></p>
  </td>
  <td valign=bottom style='width:9px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:702px;background:white;padding:0in'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><font size="2">Water Transmission</font></p>
  </td>
  <td valign=bottom style='width:11px;background:white;padding:
  0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:17px;background:white;padding:0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:53px;background:white;padding:0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">140,131</font></p>
  </td>
  <td valign=bottom style='width:9px;background:white;padding:0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:10px;background:white;padding:
  0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:61px;background:white;padding:
  0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">132,803</font></p>
  </td>
  <td valign=bottom style='width:9px;background:white;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:702px;background:#CCEEFF;padding:0in'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><font size="2">Infrastructure Products</font></p>
  </td>
  <td valign=bottom style='width:11px;background:#CCEEFF;
  padding:0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:17px;background:#CCEEFF;padding:
  0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:53px;background:#CCEEFF;padding:
  0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">95,115</font></p>
  </td>
  <td valign=bottom style='width:9px;background:#CCEEFF;padding:
  0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:10px;background:#CCEEFF;
  padding:0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:61px;background:#CCEEFF;
  padding:0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">83,053</font></p>
  </td>
  <td valign=bottom style='width:9px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:702px;padding:0in'>
  <p class=MsoNormal><font size="2">Corporate &amp; Unallocated</font></p>
  </td>
  <td valign=bottom style='width:11px;padding:0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:17px;padding:0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:53px;padding:0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">185,896</font></p>
  </td>
  <td valign=bottom style='width:9px;padding:0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:10px;padding:0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:61px;padding:0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">162,979</font></p>
  </td>
  <td valign=bottom style='width:9px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:702px;background:#CCEEFF;padding:0in'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><font size="2">Eliminations</font></p>
  </td>
  <td valign=bottom style='width:11px;background:#CCEEFF;
  padding:0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:17px;border-bottom:
  1.0pt solid black;background:#CCEEFF;padding:0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:53px;border-bottom:
  1.0pt solid black;background:#CCEEFF;padding:0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(125,744</font></p>
  </td>
  <td valign=bottom style='width:9px;background:#CCEEFF;padding:
  0in'>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:10px;border-bottom:
  1.0pt solid black;background:#CCEEFF;padding:0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:61px;border-bottom:
  1.0pt solid black;background:#CCEEFF;padding:0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(148,296</font></p>
  </td>
  <td valign=bottom style='width:9px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding:0in 0in 0in 0in'>
  <p style='margin-left:.5in;text-indent:-12.0pt'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border:none;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border:none;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:702px;background:#CCEEFF;padding:0in'>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">Total
  Assets</font></p>
  </td>
  <td valign=bottom style='width:11px;background:#CCEEFF;
  padding:0in'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:17px;border-bottom:
  2.25pt double black;background:#CCEEFF;padding:0in'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:53px;border-bottom:
  2.25pt double black;background:#CCEEFF;padding:0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">628,600</font></p>
  </td>
  <td valign=bottom style='width:9px;background:#CCEEFF;padding:
  0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:10px;border-bottom:
  2.25pt double black;background:#CCEEFF;padding:0in'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:61px;border-bottom:
  2.25pt double black;background:#CCEEFF;padding:0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">578,036</font></p>
  </td>
  <td valign=bottom style='width:9px;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
</table>

</div>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<b><font size="2"><br clear=all
style='page-break-before:always'>
</font>
</b>

<HR align=center width="100%" color=#999999 SIZE=3>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>
<font size="2">AMERON INTERNATIONAL CORPORATION AND SUBSIDIARIES</font></b></p>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>
<font size="2">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>
<font size="2">(Unaudited)</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><b><font size="2">Note
11.&nbsp; Commitments &amp; Contingencies</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">The
Company is one of numerous defendants in various asbestos-related personal
injury lawsuits.&nbsp; These cases generally seek unspecified damages for
asbestos-related diseases based on alleged exposure to products previously
manufactured by the Company and others, and at this time the Company is
generally not aware of the extent of injuries allegedly suffered by the
individuals or the facts supporting the claim that injuries were caused by the
Company's products.&nbsp; Based upon the information available to it at this
time, the Company is not in a position to evaluate its potential exposure, if
any, as a result of such claims or future similar claims, if any, that may be
filed.&nbsp; Hence, no amounts have been accrued for loss contingencies related
to these lawsuits in accordance with SFAS No. 5, &quot;Accounting for Contingencies.&quot;&nbsp;
The Company continues to vigorously defend all such lawsuits.&nbsp; As of June 4, 2006, the Company was a defendant in asbestos-related cases involving&nbsp;924
claimants, compared to 2,642 claimants as of March 5, 2006.&nbsp; The Company is not in a position to estimate the number of additional claims that may be
filed against it in the future.&nbsp; For the quarter ended June 4, 2006, there were four new claimants, dismissals and/or settlements involving&nbsp;1,722
claimants, and no judgments.&nbsp; Net costs and expenses incurred by the
Company during the quarter ended June 4, 2006 in connection with asbestos-related claims were less than $100.</font></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">The
Company is one of numerous defendants in various silica-related personal injury
lawsuits.&nbsp; These cases generally seek unspecified damages for
silica-related diseases based on alleged exposure to products previously
manufactured by the Company and others, and at this time the Company is not
aware of the extent of injuries allegedly suffered by the individuals or the
facts supporting the claim that injuries were&nbsp;caused by the Company's
products.&nbsp; Based upon the information available to it at this time, the
Company is not in a position to evaluate its potential exposure, if any, as a
result of such claims or future similar claims, if any, that may be
filed.&nbsp;&nbsp;Hence, no amounts have been accrued for loss contingencies
related to these lawsuits in accordance with&nbsp;SFAS No. 5.&nbsp; The Company
continues to vigorously defend all such lawsuits.&nbsp; As of June 4, 2006,&nbsp;the Company was a defendant in silica-related cases involving&nbsp;241
claimants, compared to 2,543 claimants as of March 5, 2006.&nbsp; The Company is not in a position to estimate the number of additional claims that may be
filed against it in the future.&nbsp; For the quarter ended June 4, 2006, there were no new claimants, dismissals and/or settlements involving&nbsp;2,302
claimants, and no judgments.&nbsp; Net costs and expenses incurred by the
Company&nbsp;during the quarter ended June 4, 2006 in connection with silica-related claims were $282.</font></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">In
April 2003, the Company was served with a complaint in an action brought by J.
Ray McDermott, Inc., J. Ray McDermott, S.A. and SparTEC, Inc. (collectively
&quot;McDermott&quot;) in the District Court of Harris County, Texas against
the Company and two co-defendants, in connection with certain coatings supplied
by the defendants in 2002 for an offshore production facility known as a SPAR being constructed by McDermott for Dominion Exploration and Production, Inc. and Pioneer
Natural Resources USA, Inc. (collectively &quot;Dominion&quot;).&nbsp; The
Company reached a settlement with McDermott in May 2005.&nbsp; Legal costs and
expenses related to this suit totaled $4,900 in the quarter ended May 29, 2005.&nbsp;In May 2003, Dominion brought a separate action against the Company in
Civil District Court for the Parish of Orleans, Louisiana as owners of the SPAR seeking damages allegedly sustained by Dominion resulting from delays in McDermott's
delivery of the SPAR caused by the removal and replacement of coatings
containing lead and/or lead chromate.&nbsp; Dominion contends that the Company
made certain misrepresentations and warranties to Dominion concerning the
lead-free nature of those coatings.&nbsp; Dominion's petition as filed alleged
a claim for damages in an unspecified amount; however, Dominion's economic
expert subsequently estimated Dominion's damages at approximately $128,000, a
figure which the Company vigorously contests.&nbsp; This matter is in discovery
and no trial date has yet been established. The Company believes that it has
meritorious defenses to this action. Based upon the information available to it
at this time, the Company is not in a position to evaluate the ultimate outcome
of this matter; and no amounts have been accrued for a loss contingency related
to this lawsuit.</font></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">In
April 2004, Sable Offshore Energy Inc. (&quot;Sable&quot;), as agent for
certain owners of the Sable Offshore Energy Project, brought an action against
various coatings suppliers and application contractors, including the Company
and two of its subsidiaries, Ameron (UK) Limited and Ameron B.V. (collectively
&quot;Ameron Subsidiaries&quot;) in the Supreme Court of Nova Scotia,
Canada.&nbsp; Sable seeks damages allegedly sustained by it resulting from
performance problems with several coating systems used on the Sable Offshore
Energy Project, including coatings products furnished by the Company and the
Ameron Subsidiaries.&nbsp; Sable's originating notice and statement of claim
alleged a claim for damages in an unspecified amount; however, Sable has since
alleged that its claim for damages against all defendants is approximately
428,000 Canadian dollars, a figure which the Company and the Ameron
Subsidiaries vigorously contest.&nbsp; This matter is in discovery, and no
trial date has yet been established.&nbsp; The Company believes that it has
meritorious defenses to this action.&nbsp; Based upon the information available
to it at this time, the Company is not in a position to evaluate the ultimate
outcome of this matter.</font></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">In
addition, certain other claims suits and complaints that arise in the ordinary
course of business, have been filed or are pending against the Company.&nbsp;
Management believes that these matters are either adequately reserved, covered
by insurance, or would not have a material effect on the Company's financial
position, results of operations, or cash flow if disposed of unfavorably.</font></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<b><font size="2"><br clear=all
style='page-break-before:always'>
</font>
</b>

<HR align=center width="100%" color=#999999 SIZE=3>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>
<font size="2">AMERON INTERNATIONAL CORPORATION AND SUBSIDIARIES</font></b></p>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>
<font size="2">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>
<font size="2">(Unaudited)</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">The
Company is subject to federal, state and local laws and regulations concerning
the environment and is currently participating in administrative proceedings at
several sites under these laws.&nbsp; While the Company finds it difficult to
estimate with any certainty the total cost of remediation at the several sites,
on the basis of currently available information and reserves provided, the
Company believes that the outcome of such environmental regulatory proceedings
will not have a material effect on the Company's financial position, results of
operations, or cash flows.</font></p>

<p><b><font size="2">Note 12.&nbsp;&nbsp;Product Warranties and
Guarantees</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">The
Company's product warranty accrual reflects management's&nbsp;estimate of
probable liability associated with product warranties.&nbsp; Management
establishes product warranty accruals based on historical experience and other
currently available information.</font></p>

<p><font size="2">Changes in the product warranty accrual were
as follows:</font></p>

<div align=center>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="90%"
 style='width:90.0%;border-collapse:collapse'>
 <tr style='height:11.25pt'>
  <td valign=top style='width:77%;background:white;padding:0in;
  height:11.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;background:white;padding:0in;
  height:11.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td colspan=5 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; background:white; padding:0in; height:11.25pt'>
  <p class=MsoNormal align=center style='margin-bottom:6.0pt;text-align:center; margin-top:0'><b>
	<font size="1">Six Months Ended</font></b></p>
  </td>
  <td valign=bottom style='width:1%;background:white;padding:0in;
  height:11.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr style='height:11.25pt'>
  <td valign=top style='width:77%;background:white;padding:0in;
  height:11.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;background:white;padding:0in;
  height:11.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; background:white; padding:0in; height:11.25pt'>
  <p class=MsoNormal align=center style='text-align:center;margin-top:0; margin-bottom:0px'><b>
	<font size="1">June 4,<br>
  2006</font></b></p>
  </td>
  <td valign=bottom style='width:2%;background:white;padding:0in;
  height:11.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='border-top:1.0pt solid windowtext;
  border-left:medium none;border-bottom:1.0pt solid windowtext;border-right:medium none;
  background:white;padding:0in;height:11.25pt'>
  <p class=MsoNormal align=center style='text-align:center;margin-top:0; margin-bottom:0px'><b>
	<font size="1">May 29,<br>
  2005</font></b></p>
  </td>
  <td valign=bottom style='width:1%;background:white;padding:0in;
  height:11.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr style='height:11.25pt'>
  <td valign=top style='width:77%;background:#CCEEFF;padding:
  0in;height:11.25pt'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt;line-height:11.25pt'>
	<font size="2">Balance, Beginning of Period</font></p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;padding:
  0in;height:11.25pt'>
  <p class=MsoNormal style='line-height:11.25pt'><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;
  padding:0in;height:11.25pt'>
  <p class=MsoNormal style='line-height:11.25pt'><font size="2">$</font></p>
  </td>
  <td width="7%" valign=bottom style='background:#CCEEFF;padding:
  0in;height:11.25pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">4,026</font></p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;padding:
  0in;height:11.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;border:medium none;background:#CCEEFF;
  padding:0in;height:11.25pt'>
  <p class=MsoNormal style='line-height:11.25pt'><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-bottom:medium none; width:8%;border-top:1.0pt solid windowtext;
  background:#CCEEFF;padding:0in;height:11.25pt'>
  <p class=MsoNormal align=right style='text-align:right;line-height:11.25pt'>
	<font size="2">4,297</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:0in;
  height:11.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr style='height:14.25pt'>
  <td valign=top style='width:77%;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal><font size="2">Charges</font></p>
  </td>
  <td valign=bottom style='width:2%;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:2%;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='padding:0in;
  height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(1,091</font></p>
  </td>
  <td valign=bottom style='width:2%;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:8%;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(2,176</font></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
 </tr>
 <tr style='height:14.25pt'>
  <td valign=top style='width:77%;background:#CCEEFF;padding:
  0in;height:14.25pt'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><font size="2">Warranty Accruals During the Period</font></p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;padding:
  0in;height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:2%;border-bottom:
  1.0pt solid black;background:#CCEEFF;padding:0in;height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid black; background:#CCEEFF; padding:0in; height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">1,458</font></p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;padding:
  0in;height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:1%;border-bottom:
  1.0pt solid black;background:#CCEEFF;padding:0in;height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:8%;border-bottom:
  1.0pt solid black;background:#CCEEFF;padding:0in;height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">1,619</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr style='height:14.25pt'>
  <td valign=top style='padding:0in 0in 0in 0in;height:14.25pt'>
  <p style='margin-left:.5in;text-indent:-12.0pt'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in;height:14.25pt'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in;height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in;height:14.25pt' width="7%">
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in;height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in;height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in;height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in;height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr style='height:14.25pt'>
  <td valign=top style='width:77%;background:#CCEEFF;padding:
  0in;height:14.25pt'>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">Balance,
  End of Period</font></p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;padding:
  0in;height:14.25pt'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:2%;border-bottom:
  2.25pt double black;background:#CCEEFF;padding:0in;height:14.25pt'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td width="7%" valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:2.25pt double black; background:#CCEEFF; padding:0in; height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">4,393</font></p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;padding:
  0in;height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:1%;border-bottom:
  2.25pt double black;background:#CCEEFF;padding:0in;height:14.25pt'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:8%;border-bottom:
  2.25pt double black;background:#CCEEFF;padding:0in;height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">3,740</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
</table>

</div>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><b><font size="2">Note
13.&nbsp;&nbsp;Goodwill and Other Intangible Assets</font></b></p>

<p><font size="2">Changes in the Company's carrying amount of
goodwill by business segment were as follows:</font></p>

<div align=center>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="90%"
 style='width:90.0%;border-collapse:collapse'>
 <tr>
  <td valign=top style='width:27%;padding:0in; '>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:39%;padding:0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=top style='width:1%;padding:0in; '>
  <p class=MsoNormal align=center style='text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='width:8%;padding:0in; '>
  <p class=MsoNormal align=center style='text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='width:2%;padding:0in; '>
  <p class=MsoNormal align=center style='text-align:center'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='padding:0in; '>
  <p class=MsoNormal align=center style='text-align:center'><b><font size="1">Foreign Currency</font></b></p>
  </td>
  <td valign=top style='width:2%;padding:0in; '>
  <p class=MsoNormal align=center style='text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='width:1%;padding:0in; '>
  <p class=MsoNormal align=center style='text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='width:8%;padding:0in; '>
  <p class=MsoNormal align=center style='text-align:center'>&nbsp;</p>
  </td>
  <td valign=top style='width:1%;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:27%;border-bottom:
  1.0pt solid windowtext;padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt'><b><font size="1">Segment</font></b></p>
  </td>
  <td valign=bottom style='width:39%;padding:0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p class=MsoNormal align=center style='text-align:center; margin-top:0; margin-bottom:0px'><b><font size="1">November 30, 2005</font></b></p>
  </td>
  <td valign=bottom style='width:2%;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p class=MsoNormal align=center style='text-align:center; margin-top:0; margin-bottom:0px'><b><font size="1">Translation Adjustments</font></b></p>
  </td>
  <td valign=bottom style='width:2%;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p class=MsoNormal align=center style='text-align:center; margin-top:0; margin-bottom:0px'><b>
	<font size="1">June 4,</font></b></p>
	<p class=MsoNormal align=center style='text-align:center; margin-top:0; margin-bottom:0px'>
	<b><font size="1">2006</font></b></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr style='height:11.25pt'>
  <td valign=top style='width:27%;border:medium none;background:#CCEEFF;
  padding:0in;height:11.25pt'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt;line-height:11.25pt'>
	<font size="2">Performance Coatings &amp; Finishes</font></p>
  </td>
  <td valign=bottom style='width:39%;background:#CCEEFF;
  padding:0in;height:11.25pt'>
  <p class=MsoNormal style='line-height:11.25pt'><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:1%;border:medium none;background:#CCEEFF;
  padding:0in;height:11.25pt'>
  <p class=MsoNormal style='line-height:11.25pt'><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-bottom:medium none; border-top:1.0pt solid windowtext; background:#CCEEFF; padding:0in; height:11.25pt'>
  <p class=MsoNormal align=right style='text-align:right;line-height:11.25pt'>
	<font size="2">11,441</font></p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;padding:
  0in;height:11.25pt'>
  <p class=MsoNormal style='line-height:11.25pt'><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;padding:
  0in;height:11.25pt'>
  <p class=MsoNormal style='line-height:11.25pt'><font size="2">$</font></p>
  </td>
  <td width="8%" valign=bottom style='background:#CCEEFF;
  padding:0in;height:11.25pt'>
  <p class=MsoNormal align=right style='text-align:right;line-height:11.25pt'>
	<font size="2">164</font></p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;padding:
  0in;height:11.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in;height:11.25pt'>
  <p class=MsoNormal style='line-height:11.25pt'><font size="2">$</font></p>
  </td>
  <td valign=bottom style='width:8%;background:#CCEEFF;
  padding:0in;height:11.25pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">11,605</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in;height:11.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr style='height:14.25pt'>
  <td valign=top style='width:27%;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal><font size="2">Fiberglass-Composite Pipe</font></p>
  </td>
  <td valign=bottom style='width:39%;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in;
  height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">1,440</font></p>
  </td>
  <td valign=bottom style='width:2%;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:2%;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="8%" valign=bottom style='padding:0in;
  height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">-</font></p>
  </td>
  <td valign=bottom style='width:2%;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:8%;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">1,440</font></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr style='height:14.25pt'>
  <td valign=top style='width:27%;background:#CCEEFF;padding:0in;
  height:14.25pt'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><font size="2">Infrastructure Products</font></p>
  </td>
  <td valign=bottom style='width:39%;background:#CCEEFF;
  padding:0in;height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-bottom:1px solid #000000; width:1%;background:#CCEEFF;padding:
  0in;height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-bottom:1px solid #000000; background:#CCEEFF; padding:0in; height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">201</font></p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;padding:
  0in;height:14.25pt'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-bottom:1px solid #000000; width:2%;background:#CCEEFF;padding:
  0in;height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="8%" valign=bottom style='border-bottom:1px solid #000000; background:#CCEEFF; padding:0in; height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">-</font></p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;padding:
  0in;height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-bottom:1px solid #000000; width:1%;background:#CCEEFF;padding:
  0in;height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-bottom:1px solid #000000; width:8%;background:#CCEEFF;
  padding:0in;height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">201</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in;height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr style='height:14.25pt'>
  <td valign=top style='width:27%;padding:0in;
  height:14.25pt'>
  <p style='margin-left:.5in;text-indent:-12.0pt'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:39%;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in;
  height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:2%;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="8%" valign=bottom style='padding:0in;
  height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:8%;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr style='height:14.25pt'>
  <td valign=top style='width:27%;background:#CCEEFF;padding:0in;
  height:14.25pt'>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">Total</font></p>
  </td>
  <td valign=bottom style='width:39%;background:#CCEEFF;
  padding:0in;height:14.25pt'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-bottom:3px double #000000; width:1%;background:#CCEEFF;padding:
  0in;height:14.25pt'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-bottom:3px double #000000; background:#CCEEFF; padding:0in; height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">13,082</font></p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;padding:
  0in;height:14.25pt'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-bottom:3px double #000000; width:2%;background:#CCEEFF;padding:
  0in;height:14.25pt'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td width="8%" valign=bottom style='border-bottom:3px double #000000; background:#CCEEFF; padding:0in; height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">164</font></p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;padding:
  0in;height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-bottom:3px double #000000; width:1%;background:#CCEEFF;padding:
  0in;height:14.25pt'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-bottom:3px double #000000; width:8%;background:#CCEEFF;
  padding:0in;height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">13,246</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in;height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
</table>

</div>

<p><font size="2">The Company's intangible assets, other than
goodwill, and related accumulated amortization consisted of the following:</font></p>

<div align=center>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="90%"
 style='width:90.0%;border-collapse:collapse'>
 <tr>
  <td valign=top style='width:485px;padding:0in; '>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:19px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td colspan=5 valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; width:169px;border-bottom:1.0pt solid windowtext;padding:0in; '>
  <p class=MsoNormal align=center style='text-align:center'><b><font size="1">June 4, 2006</font></b></p>
  </td>
  <td valign=top style='width:16px;padding:0in; '>
  <p class=MsoNormal align=center style='text-align:center'>&nbsp;</p>
  </td>
  <td colspan=5 valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; width:173px;border-bottom:1.0pt solid windowtext;padding:0in; '>
  <p class=MsoNormal align=center style='text-align:center'><b><font size="1">November 30, 2005</font></b></p>
  </td>
  <td width=10 valign=top style='width:7.5pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=bottom style='width:485px;padding:0in; '>
  <p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:19px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:76px;border-bottom:1.0pt solid windowtext;padding:0in; '>
  <p class=MsoNormal align=center style='text-align:center'><b><font size="1">Gross Intangible Assets</font></b></p>
  </td>
  <td valign=bottom style='width:14px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='width:79px;border-top:1.0pt solid windowtext;
  border-left:medium none;border-bottom:1.0pt solid windowtext;border-right:medium none;
  padding:0in; '>
  <p class=MsoNormal align=center style='text-align:center'><b><font size="1">Accumulated Amortization</font></b></p>
  </td>
  <td valign=bottom style='width:16px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:78px;border-bottom:1.0pt solid windowtext;padding:0in; '>
  <p class=MsoNormal align=center style='text-align:center'><b><font size="1">Gross Intangible Assets</font></b></p>
  </td>
  <td valign=bottom style='width:12px;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='width:83px;border-top:1.0pt solid windowtext;
  border-left:medium none;border-bottom:1.0pt solid windowtext;border-right:medium none;
  padding:0in; '>
  <p class=MsoNormal align=center style='text-align:center'><b><font size="1">Accumulated Amortization</font></b></p>
  </td>
  <td width=10 valign=bottom style='width:7.5pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr style='height:11.25pt'>
  <td valign=top style='width:485px;background:#CCEEFF;padding:
  0in;height:11.25pt'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt;line-height:11.25pt'>
	<font size="2">Trademarks</font></p>
  </td>
  <td valign=bottom style='width:19px;background:#CCEEFF;
  padding:0in;height:11.25pt'>
  <p class=MsoNormal style='line-height:11.25pt'><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:18px;background:#CCEEFF;
  padding:0in;height:11.25pt'>
  <p class=MsoNormal style='line-height:11.25pt'><font size="2">$</font></p>
  </td>
  <td valign=bottom style='width:58px;background:#CCEEFF;
  padding:0in;height:11.25pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">2,204</font></p>
  </td>
  <td valign=bottom style='width:14px;background:#CCEEFF;
  padding:0in;height:11.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:19px;background:#CCEEFF;padding:
  0in;height:11.25pt'>
  <p class=MsoNormal style='line-height:11.25pt'><font size="2">$</font></p>
  </td>
  <td valign=bottom style='width:60px;background:#CCEEFF;padding:
  0in;height:11.25pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(2,162</font></p>
  </td>
  <td valign=bottom style='width:16px;background:#CCEEFF;padding:
  0in;height:11.25pt'>
  <p class=MsoNormal style='line-height:11.25pt'><font size="2">)</font></p>
  </td>
  <td valign=bottom style='width:15px;background:#CCEEFF;padding:
  0in;height:11.25pt'>
  <p class=MsoNormal style='line-height:11.25pt'><font size="2">$</font></p>
  </td>
  <td valign=bottom style='width:63px;background:#CCEEFF;padding:
  0in;height:11.25pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">2,119</font></p>
  </td>
  <td valign=bottom style='width:12px;background:#CCEEFF;padding:
  0in;height:11.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:18px;border:medium none;background:#CCEEFF;
  padding:0in;height:11.25pt'>
  <p class=MsoNormal style='line-height:11.25pt'><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-bottom:medium none; width:65px;border-top:1.0pt solid windowtext;
  background:#CCEEFF;padding:0in;height:11.25pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(2,062</font></p>
  </td>
  <td width=10 valign=bottom style='width:7.5pt;background:#CCEEFF;padding:
  0in 0in 0in 0in;height:11.25pt'>
  <p class=MsoNormal style='line-height:11.25pt'><font size="2">)</font></p>
  </td>
 </tr>
 <tr style='height:14.25pt'>
  <td valign=top style='width:485px;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal><font size="2">Non-compete Agreements</font></p>
  </td>
  <td valign=bottom style='width:19px;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:18px;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:58px;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">&nbsp;2,105</font></p>
  </td>
  <td valign=bottom style='width:14px;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:19px;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:60px;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">&nbsp;(2,065</font></p>
  </td>
  <td valign=bottom style='width:16px;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
  <td valign=bottom style='width:15px;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:63px;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">2,105</font></p>
  </td>
  <td valign=bottom style='width:12px;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:18px;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:65px;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(1,985</font></p>
  </td>
  <td width=10 valign=bottom style='width:7.5pt;padding:0in 0in 0in 0in;
  height:14.25pt'>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
 </tr>
 <tr style='height:14.25pt'>
  <td valign=top style='width:485px;background:#CCEEFF;padding:
  0in;height:14.25pt'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt'><font size="2">Patents</font></p>
  </td>
  <td valign=bottom style='width:19px;background:#CCEEFF;
  padding:0in;height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:18px;background:#CCEEFF;
  padding:0in;height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:58px;background:#CCEEFF;
  padding:0in;height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">&nbsp;212</font></p>
  </td>
  <td valign=bottom style='width:14px;background:#CCEEFF;
  padding:0in;height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:19px;background:#CCEEFF;padding:
  0in;height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:60px;background:#CCEEFF;padding:
  0in;height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">&nbsp;(212</font></p>
  </td>
  <td valign=bottom style='width:16px;background:#CCEEFF;padding:
  0in;height:14.25pt'>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
  <td valign=bottom style='width:15px;background:#CCEEFF;padding:
  0in;height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:63px;background:#CCEEFF;padding:
  0in;height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">212</font></p>
  </td>
  <td valign=bottom style='width:12px;background:#CCEEFF;padding:
  0in;height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:18px;background:#CCEEFF;padding:
  0in;height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:65px;background:#CCEEFF;
  padding:0in;height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(212</font></p>
  </td>
  <td width=10 valign=bottom style='width:7.5pt;background:#CCEEFF;padding:
  0in 0in 0in 0in;height:14.25pt'>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
 </tr>
 <tr style='height:14.25pt'>
  <td valign=top style='width:485px;background:white;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal><font size="2">Leasehold Interests</font></p>
  </td>
  <td valign=bottom style='width:19px;background:white;padding:
  0in;height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:18px;border-bottom:
  1.0pt solid black;background:white;padding:0in;height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:58px;border-bottom:
  1.0pt solid black;background:white;padding:0in;height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">1,930</font></p>
  </td>
  <td valign=bottom style='width:14px;background:white;padding:
  0in;height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:19px;border-bottom:
  1.0pt solid black;background:white;padding:0in;height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:60px;border-bottom:
  1.0pt solid black;background:white;padding:0in;height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(1,930</font></p>
  </td>
  <td valign=bottom style='width:16px;background:white;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:15px;border-bottom:
  1.0pt solid black;background:white;padding:0in;height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:63px;border-bottom:
  1.0pt solid black;background:white;padding:0in;height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">1,930</font></p>
  </td>
  <td valign=bottom style='width:12px;background:white;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:18px;border-bottom:
  1.0pt solid black;background:white;padding:0in;height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:65px;border-bottom:
  1.0pt solid black;background:white;padding:0in;height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(1,930</font></p>
  </td>
  <td width=10 valign=bottom style='width:7.5pt;background:white;padding:0in 0in 0in 0in;
  height:14.25pt'>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
 </tr>
 <tr style='height:14.25pt'>
  <td valign=top style='background:#CCEEFF;padding:0in 0in 0in 0in;height:14.25pt'>
  &nbsp;</td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in;
  height:14.25pt'>
  &nbsp;</td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in;
  height:14.25pt'>
  &nbsp;</td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in;
  height:14.25pt'>
  &nbsp;</td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in;
  height:14.25pt'>
  &nbsp;</td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in;
  height:14.25pt'>
  &nbsp;</td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in;
  height:14.25pt'>
  &nbsp;</td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in;
  height:14.25pt'>
  &nbsp;</td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in;
  height:14.25pt'>
  &nbsp;</td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in;
  height:14.25pt'>
  &nbsp;</td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in;
  height:14.25pt'>
  &nbsp;</td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in;
  height:14.25pt'>
  &nbsp;</td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in;
  height:14.25pt'>
  &nbsp;</td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in;
  height:14.25pt'>
  &nbsp;</td>
 </tr>
 <tr>
  <td valign=top style='width:485px;background:white;padding:0in;
  height:14.25pt; border-bottom-style:none; border-bottom-width:medium'>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">Total</font></p>
  </td>
  <td valign=bottom style='width:19px;background:white;padding:
  0in;height:14.25pt; border-bottom-style:none; border-bottom-width:medium'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:18px;border-bottom:
  medium none black;background:white;padding:0in;height:14.25pt'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:58px;border-bottom:
  medium none black;background:white;padding:0in;height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">&nbsp;6,451</font></p>
  </td>
  <td valign=bottom style='width:14px;background:white;padding:
  0in;height:14.25pt; border-bottom-style:none; border-bottom-width:medium'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:19px;border-bottom:
  medium none black;background:white;padding:0in;height:14.25pt'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:60px;border-bottom:
  medium none black;background:white;padding:0in;height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(6,369</font></p>
  </td>
  <td valign=bottom style='width:16px;background:white;padding:0in;
  height:14.25pt; border-bottom-style:none; border-bottom-width:medium'>
  <p class=MsoNormal><FONT size="2">)</FONT></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:15px;border-bottom:
  medium none black;background:white;padding:0in;height:14.25pt'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:63px;border-bottom:
  medium none black;background:white;padding:0in;height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">6,366</font></p>
  </td>
  <td valign=bottom style='width:12px;background:white;padding:0in;
  height:14.25pt; border-bottom-style:none; border-bottom-width:medium'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:18px;border-bottom:
  medium none black;background:white;padding:0in;height:14.25pt'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:65px;border-bottom:
  medium none black;background:white;padding:0in;height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(6,189</font></p>
  </td>
  <td width=10 valign=bottom style='width:7.5pt;background:white;padding:0in;
  height:14.25pt; border-bottom-style:none; border-bottom-width:medium'>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
 </tr>
 <tr style='height:14.25pt'>
  <td valign=top style='border-style:none; border-width:medium; width:485px;background:white;padding:0in;
  '>
  &nbsp;</td>
  <td valign=bottom style='border-style:none; border-width:medium; width:19px;background:white;padding:
  0in;'>
  &nbsp;</td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:3px double #000000; width:18px;border-bottom:
  medium none black;background:white;padding:0in;'>
  &nbsp;</td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:3px double #000000; width:58px;border-bottom:
  medium none black;background:white;padding:0in;'>
  &nbsp;</td>
  <td valign=bottom style='border-style:none; border-width:medium; width:14px;background:white;padding:
  0in;'>
  &nbsp;</td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:3px double #000000; width:19px;border-bottom:
  medium none black;background:white;padding:0in;'>
  &nbsp;</td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:3px double #000000; width:60px;border-bottom:
  medium none black;background:white;padding:0in;'>
  &nbsp;</td>
  <td valign=bottom style='border-style:none; border-width:medium; width:16px;background:white;padding:0in;
  '>
  &nbsp;</td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:3px double #000000; width:15px;border-bottom:
  medium none black;background:white;padding:0in;'>
  &nbsp;</td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:3px double #000000; width:63px;border-bottom:
  medium none black;background:white;padding:0in;'>
  &nbsp;</td>
  <td valign=bottom style='border-style:none; border-width:medium; width:12px;background:white;padding:0in;
  '>
  &nbsp;</td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:3px double #000000; width:18px;border-bottom:
  medium none black;background:white;padding:0in;'>
  &nbsp;</td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:3px double #000000; width:65px;border-bottom:
  medium none black;background:white;padding:0in;'>
  &nbsp;</td>
  <td width=10 valign=bottom style='border-style:none; border-width:medium; width:7.5pt;background:white;padding:0in;
  '>
  &nbsp;</td>
 </tr>
</table>

</div>
<p style='margin:0in;margin-bottom:.0001pt'><font size="2">All
of the Company's intangible assets, other than goodwill, are subject to
amortization.&nbsp; Amortization expense for the three months and six months
ended June 4, 2006 was $48 and $99, respectively.&nbsp; Amortization expense
for the three months and six months ended May 29, 2005 was $54 and $105, respectively.&nbsp;At June 4, 2006, estimated future amortization expense was as
follows:&nbsp; $63 for the remaining six months of 2006 and $19 for 2007.</font></p>

<font size="2">

<br clear=all
style='page-break-before:always'>


</font>


<HR align=center width="100%" color=#999999 SIZE=3>


<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>
<font size="2">AMERON INTERNATIONAL CORPORATION AND SUBSIDIARIES</font></b></p>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>
<font size="2">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>
<font size="2">(Unaudited)</font></b></p>

<p><b><font size="2">Note 14.&nbsp; Stock-Based Compensation</font></b></p>

<p><font size="2">As of June 4, 2006, the Company had outstanding grants under the following share-based compensation plans:</font></p>

<ul>
	<li>
	<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:0in;
margin-bottom:0;'>
	<font size="2">1992 Incentive Stock Compensation
Plan (&quot;1992 Plan&quot;) - The 1992 Plan was terminated in 2001, except as
to the outstanding options.&nbsp; 500,000 new shares of common stock were made
available for awards to key employees.&nbsp; Key employees were granted options
to purchase the Company's common stock at prices not less than 100% of market
value on the date of grant.&nbsp; Such options vested in equal annual
installments over four years and terminate fifteen years from the date of
grant.<br>&nbsp;</font></p></li>
	<li>
	<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-bottom:0;'><font size="2">1994 Non-Employee Director Stock
Option Plan (&quot;1994 Plan&quot;) - The 1994 Plan was terminated in 2001,
except as to the outstanding options.&nbsp; 240,000 new shares of common stock
were made available for awards to non-employee directors.&nbsp; Non-employee
directors were granted options to purchase the Company's common stock at prices
not less than 100% of market value on the date of grant.&nbsp; Such options
vested in equal annual installments over four years and terminate ten years
from the date of grant. <br>&nbsp;</font></p></li>
	<li>
	<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-bottom:0;'><font size="2">2001 Stock Incentive Plan
(&quot;2001 Plan&quot;) - The 2001 Plan was terminated in 2004, except as to
the outstanding stock options and restricted stock grants.&nbsp; 380,000 new
shares of common stock were made available for awards to key employees and
non-employee directors.&nbsp; The 2001 Plan served as the successor to both
1992 Plan and 1994 Plan and superseded those plans.&nbsp; Non-employee
directors were granted options under the 2001 Plan to purchase the Company's
common stock at prices not less than 100% of market value on the date of
grant.&nbsp; Such options vested in equal annual installments over four
years.&nbsp; Such options terminate ten years from the date of grant.&nbsp;
Key employees were granted restricted stock under the 2001 Plan.&nbsp; Such
restricted stock grants vested in equal annual installments over four years.<br>&nbsp;</font></p>
	</li>
	<li>
	<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-bottom:0;'><font size="2">2004 Stock Incentive Plan
(&quot;2004 Plan&quot;) - The 2004 Plan serves as the successor to the 2001
Plan and supersedes that plan.&nbsp; 525,000 new shares of common stock were
made available for awards to key employees and non-employee directors and may
include, but are not limited to, stock options and restricted stock
grants.&nbsp; Non-employee directors were granted options under the 2004 Plan
to purchase the Company's common stock at prices not less than 100% of market value
on the date of grant.&nbsp; Such options vest in equal annual installments over
four years.&nbsp; Such options terminate ten years from the date of
grant.&nbsp; Key employees were granted restricted stock under the 2004
Plan.&nbsp; Such restricted stock grants vest in equal annual installments over
three years.&nbsp; During the six months ended June 4, 2006, the Company granted 45,000 restricted shares to key employees with fair value of $2,461 and 6,000
restricted shares to non-employee directors with fair value of $360.</font></p></li>
</ul>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:.25in;
margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">In addition
to the above, on January 24, 2001, non-employee directors were granted options
to purchase the Company's common stock at prices not less than 100% of market
value on the date of grant.&nbsp; Such options vested in equal annual
installments over four years and terminate ten years from the date of
grant.&nbsp; At June 4, 2006, there were 30,000 shares subject to such stock
options.</font></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">Prior
to December 1, 2005, the company applied Accounting Principles Board Opinion
No. 25, &quot;Accounting for Stock Issued to Employees,&quot; and related
interpretations in accounting for its various stock option plans.&nbsp;
Effective December 1, 2005, the Company adopted SFAS No. 123 (revised 2004),
&quot;Share-Based Payments,&quot; using the Modified Prospective Application
method.&nbsp; SFAS No. 123 (R) requires the Company to measure all employee
stock-based compensation awards using the fair-value method and to record such
expense in its consolidated financial statements.&nbsp; Under the Modified
Prospective Application method, financial results for the prior period have not
been adjusted.&nbsp; Stock-based compensation expense for the three and six months
ended June 4, 2006 includes: (a) compensation expense for all stock-based
compensation awards granted prior to, but not yet vested as of December 1, 2005, based on the grant date fair value estimated in accordance with the
original provisions of SFAS No. 123, &quot;Accounting for Stock-Based
Compensation,&quot; and (b) compensation expense for all stock-based
compensation awards granted subsequent to November 30, 2005, based on the grant date fair value estimated in accordance with the provisions of SFAS No.
123 (R).</font></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">As a
result of adopting SFAS No. 123 (R), the Company's income before income taxes
and equity in earnings of joint venture for the three and six months ended June 4, 2006 included compensation expense of $1,016 and $2,383, respectively, related to
stock-based compensation arrangements.&nbsp; There
were no capitalized share-based compensation costs for the three and six months
ended June 4, 2006.</font></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">Prior
to the adoption of SFAS No. 123 (R), the Company reported all tax benefits
resulting from the exercise of stock options as operating cash flows in its
statements of cash flows.&nbsp; In accordance with SFAS No. 123 (R), the
Company will present excess tax benefits
from the exercise of stock options as financing cash flows.&nbsp; For the three
and six months ended June 4, 2006, no excess tax benefits were reported as
financing cash flows.</font></p>

<font size="2">

<br clear=all
style='page-break-before:always'>


</font>


<HR align=center width="100%" color=#999999 SIZE=3>


<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>
<font size="2">AMERON INTERNATIONAL CORPORATION AND SUBSIDIARIES</font></b></p>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>
<font size="2">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>
<font size="2">(Unaudited)</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">The
following table illustrates the effect on net income and earnings per share as
if the Company had applied the fair value recognition provisions of SFAS No.
123 to stock-based compensation during the three and six-month periods ended May 29, 2005:</font></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin-top:6.0pt;margin-right:0in;margin-bottom:6.0pt;margin-left:
0in'><font size="2">&nbsp;</font><b><i><font size="2">&nbsp;Prior Year Stock-Based
Compensation</font></i></b></p>

<div align=center>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="90%"
 style='width:90.0%;border-collapse:collapse'>
 <tr>
  <td valign=top style='width:617px;background:white;padding:0in; border-right-style:none; border-right-width:medium'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-style:none; border-width:medium; width:11px;background:white;padding:0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:medium none windowtext; background:white; padding:0in' align="center">
  <p class=MsoNormal align=center style='text-align:center; margin-bottom:6px; margin-top:0'><b>
	<font size="1">Three Months Ended</font></b></p>
  </td>
  <td width=10 valign=bottom style='background:white;padding:0in; border-left-style:none; border-left-width:medium; border-right-style:none; border-right-width:medium' align="center">
  <p class=MsoNormal align=center style='text-align:center; margin-right:6px'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:medium none windowtext; background:white; padding:0in' align="center">
  <p class=MsoNormal align=center style='text-align:center; margin-bottom:6px; margin-top:0'><b>
	<font size="1">Six Months Ended</font></b></p>
  </td>
  <td width=7 valign=bottom style='border-style:none; border-width:medium; background:white; padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:617px;background:white;padding:0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:11px;background:white;padding:0in; border-top-style:none; border-top-width:medium'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1px solid #000000; background:white; padding:0in; '>
  <p class=MsoNormal align=center style='text-align:center; margin-top:0; margin-bottom:2px'><b><font size="1">May 29,<br>
  2005</font></b></p>
  </td>
  <td width=10 valign=bottom style='background:white;padding:0in; '>
  <p class=MsoNormal align=center style='text-align:center'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1px solid #000000; background:white; padding:0in; '>
  <p class=MsoNormal align=center style='text-align:center; margin-top:0; margin-bottom:2px'><b><font size="1">May 29,<br>
  2005</font></b></p>
  </td>
  <td width=7 valign=bottom style='background:white;padding:0in; border-top-style:none; border-top-width:medium'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr style='height:11.25pt'>
  <td valign=top style='width:617px;background:#CCEEFF;padding:
  0in;height:11.25pt'>
  <p style='margin-left:12.0pt;text-indent:-12.0pt;line-height:11.25pt'>
	<font size="2">Reported Net Income</font></p>
  </td>
  <td valign=bottom style='width:11px;background:#CCEEFF;padding:
  0in;height:11.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=39 valign=bottom style='background:#CCEEFF;padding:
  0in;height:11.25pt'>
  <p class=MsoNormal style='line-height:11.25pt'><font size="2">$</font></p>
  </td>
  <td valign=bottom style='background:#CCEEFF;
  padding:0in;height:11.25pt'>
  <p class=MsoNormal align=right style='text-align:right;line-height:11.25pt'>
	<font size="2">5,270</font></p>
  </td>
  <td width=10 valign=bottom style='background:#CCEEFF;padding:
  0in;height:11.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=25 valign=bottom style='background:#CCEEFF;padding:
  0in;height:11.25pt'>
  <p class=MsoNormal style='line-height:11.25pt'><font size="2">$</font></p>
  </td>
  <td valign=bottom style='background:#CCEEFF;
  padding:0in;height:11.25pt'>
  <p class=MsoNormal align=right style='text-align:right;line-height:11.25pt'>
	<font size="2">5,751</font></p>
  </td>
  <td width=7 valign=bottom style='background:#CCEEFF;padding:0in;
  height:11.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr style='height:14.25pt'>
  <td valign=top style='width:617px;background:white;padding:0in;
  height:14.25pt'>
  <p style='margin:0in;margin-bottom:.0001pt'><font size="2">Add:
  Stock-based Employee Compensation Expense Included in Reported Net</font></p>
  </td>
  <td valign=bottom style='width:11px;background:white;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=39 valign=bottom style='background:white;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='background:white;padding:
  0in;height:14.25pt'>
  &nbsp;</td>
  <td width=10 valign=bottom style='background:white;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=25 valign=bottom style='background:white;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='background:white;padding:
  0in;height:14.25pt'>
  &nbsp;</td>
  <td width=7 valign=bottom style='background:white;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr style='height:14.25pt'>
  <td valign=top style='width:617px;background:white;padding:0in;
  height:14.25pt'>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">Income, Net of Tax</font></p></td>
  <td valign=bottom style='width:11px;background:white;padding:0in;
  height:14.25pt'>
  &nbsp;</td>
  <td width=39 valign=bottom style='background:white;padding:0in;
  height:14.25pt'>
  &nbsp;</td>
  <td valign=bottom style='background:white;padding:
  0in;height:14.25pt'>
  <p align="right"><font size="2">91</font></td>
  <td width=10 valign=bottom style='background:white;padding:0in;
  height:14.25pt'>
  &nbsp;</td>
  <td width=25 valign=bottom style='background:white;padding:0in;
  height:14.25pt'>
  &nbsp;</td>
  <td valign=bottom style='background:white;padding:
  0in;height:14.25pt'>
  <p align="right"><font size="2">109</font></td>
  <td width=7 valign=bottom style='background:white;padding:0in;
  height:14.25pt'>
  &nbsp;</td>
 </tr>
 <tr style='height:14.25pt'>
  <td valign=top style='width:617px;background:#CCEEFF;padding:
  0in;height:14.25pt'>
  <p style='margin:0in;margin-bottom:.0001pt'><font size="2">Deduct:
  Stock-based Employee Compensation Expense Determined under SFAS</font></p>
  </td>
  <td valign=bottom style='width:11px;background:#CCEEFF;padding:
  0in;height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=39 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:medium none windowtext; background:#CCEEFF; padding:0in; height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:medium none windowtext; background:#CCEEFF; padding:0in; height:
  14.25pt'>
  &nbsp;</td>
  <td width=10 valign=bottom style='background:#CCEEFF;padding:
  0in;height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=25 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:medium none windowtext; background:#CCEEFF; padding:0in; height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:medium none windowtext; background:#CCEEFF; padding:0in; height:
  14.25pt'>
  &nbsp;</td>
  <td width=7 valign=bottom style='background:#CCEEFF;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr style='height:14.25pt'>
  <td valign=top style='width:617px;background:#CCEEFF;padding:
  0in;height:14.25pt'>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">No. 123, Net of Tax</font></p></td>
  <td valign=bottom style='width:11px;background:#CCEEFF;padding:
  0in;height:14.25pt'>
  &nbsp;</td>
  <td width=39 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; background:#CCEEFF; padding:0in; height:14.25pt'>
  &nbsp;</td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; background:#CCEEFF; padding:0in; height:
  14.25pt'>
  <p align="right"><font size="2">(312</font></td>
  <td width=10 valign=bottom style='background:#CCEEFF;padding:
  0in;height:14.25pt'>
  <font size="2">)</font></td>
  <td width=25 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; background:#CCEEFF; padding:0in; height:14.25pt'>
  &nbsp;</td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; background:#CCEEFF; padding:0in; height:
  14.25pt'>
  <p align="right"><font size="2">(548</font></td>
  <td width=7 valign=bottom style='background:#CCEEFF;padding:0in;
  height:14.25pt'>
  <font size="2">)</font></td>
 </tr>
 <tr style='height:14.25pt'>
  <td valign=top style='width:617px;background:white;padding:0in;
  height:14.25pt'>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">Pro
  Forma Net Income</font></p>
  </td>
  <td valign=bottom style='width:11px;background:white;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=39 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.5pt double windowtext; background:white; padding:0in; height:14.25pt'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.5pt double windowtext; background:white; padding:0in; height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">5,049</font></p>
  </td>
  <td width=10 valign=bottom style='background:white;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=25 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.5pt double windowtext; background:white; padding:0in; height:14.25pt'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.5pt double windowtext; background:white; padding:0in; height:14.25pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">5,312</font></p>
  </td>
  <td width=7 valign=bottom style='background:white;padding:0in;
  height:14.25pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr style='height:12.75pt'>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in;
  height:12.75pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='width:11px;background:#CCEEFF;padding:
  0in;height:12.75pt'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=39 valign=bottom style='border:medium none;background:#CCEEFF;
  padding:0in;height:12.75pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=77 valign=bottom style='border:medium none;background:#CCEEFF;
  padding:0in;height:12.75pt'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td width=10 valign=bottom style='background:#CCEEFF;padding:
  0in;height:12.75pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=25 valign=bottom style='border:medium none;background:#CCEEFF;
  padding:0in;height:12.75pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=85 valign=bottom style='border:medium none;background:#CCEEFF;
  padding:0in;height:12.75pt'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td width=7 valign=bottom style='background:#CCEEFF;padding:0in;
  height:12.75pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr style='height:12.75pt'>
  <td valign=bottom style='padding:0in 0in 0in 0in;height:12.75pt'>
  <p class=MsoNormal><font size="2">Basic Net Income Per Share:</font></p>
  </td>
  <td valign=bottom style='width:11px;padding:0in;
  height:12.75pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=39 valign=bottom style='padding:0in;
  height:12.75pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=77 valign=bottom style='padding:0in;
  height:12.75pt'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td width=10 valign=bottom style='padding:0in;
  height:12.75pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=25 valign=bottom style='padding:0in;
  height:12.75pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width=85 valign=bottom style='padding:0in;
  height:12.75pt'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td width=7 valign=bottom style='padding:0in;
  height:12.75pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr style='height:12.75pt'>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in;
  height:12.75pt'>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">As
  Reported</font></p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in;
  height:12.75pt'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in;
  height:12.75pt'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in;
  height:12.75pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">.63</font></p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in;
  height:12.75pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in;
  height:12.75pt'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in;
  height:12.75pt'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">.69</font></p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in;
  height:12.75pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr style='height:12.75pt'>
  <td valign=bottom style='padding:0in;'>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">Pro
  Forma</font></p>
  </td>
  <td width=11 valign=bottom style='padding:0in;
  '>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='padding:0in;
  '>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='padding:0in;
  '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">.60</font></p>
  </td>
  <td valign=bottom style='padding:0in;
  '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in;
  '>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='padding:0in;
  '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">.64</font></p>
  </td>
  <td valign=bottom style='padding:0in;
  '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr style='height:12.75pt'>
  <td valign=bottom style='background:#CCEEFF;padding:0in;
  '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in;
  '>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in;
  '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in;
  '>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in;
  '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in;
  '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in;
  '>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in;
  '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr style='height:12.75pt'>
  <td valign=bottom style='padding:0in;'>
  <p class=MsoNormal><font size="2">Diluted Net Income Per
  Share:</font></p>
  </td>
  <td width=11 valign=bottom style='padding:0in;
  '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in;
  '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in;
  '>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in;
  '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in;
  '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in;
  '>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in;
  '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr style='height:12.75pt'>
  <td valign=bottom style='background:#CCEEFF;padding:0in;
  '>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">As
  Reported</font></p>
  </td>
  <td width=11 valign=bottom style='background:#CCEEFF;padding:
  0in;'>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:
  0in;'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in;'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">.62</font></p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:
  0in;'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:
  0in;'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in;'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">.68</font></p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in;
  '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr style='height:12.75pt'>
  <td valign=bottom style='padding:0in;'>
  <p style='margin-left:.5in;text-indent:-12.0pt'><font size="2">Pro
  Forma</font></p>
  </td>
  <td width=11 valign=bottom style='padding:0in;
  '>
  <p class=MsoNormal><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='padding:0in;
  '>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='padding:0in;
  '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">.59</font></p>
  </td>
  <td valign=bottom style='padding:0in;
  '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in;
  '>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td valign=bottom style='padding:0in;
  '>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">.62</font></p>
  </td>
  <td valign=bottom style='padding:0in;
  '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
</table>

</div>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">The
following table summarizes the stock option activity for the periods presented
below:</font></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin-top:6.0pt;margin-right:0in;margin-bottom:6.0pt;margin-left:
0in'><font size="2">&nbsp;</font><b><i><font size="2">&nbsp;Current Year Stock-Based
Compensation</font></i></b></p>

<div align=center>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="90%"
 style='width:90.0%;border-collapse:collapse'>
 <tr>
  <td width="46%" valign=bottom style='width:46.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><b><font size="1">Options</font></b></p>
  </td>
  <td width="3%" style='width:3.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="11%" valign=bottom style='width:11.0%;border:none;border-bottom:
  solid windowtext 1.0pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=center style='text-align:center; margin-top:0; margin-bottom:2px'><b><font size="1">Number of<br>
  Options</font></b></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="11%" colspan=2 valign=bottom style='width:11.0%;border:none;
  border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=center style='text-align:center; margin-top:0; margin-bottom:2px'><b><font size="1">Weighted-Average<br>
  Exercise Price per Share</font></b></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td valign=bottom style='border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=center style='text-align:center; margin-top:0; margin-bottom:2px'><b><font size="1">Weighted-Average<br>
  Remaining<br>
  Contractual Term (Years)</font></b></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=center style='text-align:center; margin-top:0; margin-bottom:2px'><b><font size="1">Aggregate<br>
  Intrinsic Value</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="46%" style='width:46.0%;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">Outstanding at November 30, 2005</font></p>
  </td>
  <td width="3%" style='width:3.0%;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="11%" valign=bottom style='width:11.0%;border:none;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">467,783</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;border:none;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td width="9%" valign=bottom style='width:9.0%;border:none;border-top:solid windowtext 1.0pt;
  background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">24.11</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="11%" valign=bottom style='width:11.0%;border:none;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;border:none;background:#CCEEFF;
  padding:0in 0in 0in 0in'>
  <p align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td width="9%" valign=bottom style='width:9.0%;border:none;border-top:solid windowtext 1.0pt;
  background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width="46%" style='width:46.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">Exercised</font></p>
  </td>
  <td width="3%" style='width:3.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="11%" valign=bottom style='width:11.0%;border:none;border-bottom:
  solid black 1.0pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(11,000</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="9%" valign=bottom style='width:9.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">19.30</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="11%" valign=bottom style='width:11.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="9%" valign=bottom style='width:9.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width="46%" style='width:46.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">Outstanding at March 5, 2006</font></p>
  </td>
  <td width="3%" style='width:3.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="11%" valign=bottom style='width:11.0%;border:none;border-bottom:
  double windowtext 1.5pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">456,783</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="9%" valign=bottom style='width:9.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">24.22</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="11%" valign=bottom style='width:11.0%;border:none;border-bottom:
  double windowtext 1.5pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">5.91</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;border:none;border-bottom:
  double windowtext 1.5pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td width="9%" valign=bottom style='width:9.0%;border:none;border-bottom:
  double windowtext 1.5pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">17,169</font></p>
  </td>
 </tr>
 <tr>
  <td width="46%" style='width:46.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">Exercised</font></p>
  </td>
  <td width="3%" style='width:3.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="11%" valign=bottom style='width:11.0%;border:none;border-bottom:
  solid black 1.0pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">(59,900</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">)</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="9%" valign=bottom style='width:9.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">19.87</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="11%" valign=bottom style='width:11.0%;border:none;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;border:none;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="9%" valign=bottom style='width:9.0%;border:none;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width="46%" style='width:46.0%;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">Outstanding at June 4, 2006</font></p>
  </td>
  <td width="3%" style='width:3.0%;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="11%" valign=bottom style='width:11.0%;border:none;border-bottom:
  double black 2.25pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">396,883
	</font> </p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="9%" valign=bottom style='width:9.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">24.87</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="11%" valign=bottom style='width:11.0%;border:none;border-bottom:
  double black 2.25pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">5.87
	</font> </p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;border:none;border-bottom:
  double black 2.25pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td width="9%" valign=bottom style='width:9.0%;border:none;border-bottom:
  double black 2.25pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">13,317</font></p>
  </td>
 </tr>
 <tr>
  <td width="46%" style='width:46.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="3%" style='width:3.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="11%" valign=bottom style='width:11.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="9%" valign=bottom style='width:9.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="11%" valign=bottom style='width:11.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="9%" valign=bottom style='width:9.0%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width="46%" style='width:46.0%;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">Options exercisable at June 4, 2006</font></p>
  </td>
  <td width="3%" style='width:3.0%;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="11%" valign=bottom style='width:11.0%;border:none;border-bottom:
  double black 2.25pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">369,883
	</font> </p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="9%" valign=bottom style='width:9.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">24.30</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="11%" valign=bottom style='width:11.0%;border:none;border-bottom:
  double black 2.25pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">5.70</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;border:none;border-bottom:
  double black 2.25pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal><font size="2">$</font></p>
  </td>
  <td width="9%" valign=bottom style='width:9.0%;border:none;border-bottom:
  double black 2.25pt;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=right style='text-align:right'><font size="2">12,621</font></p>
  </td>
 </tr>
</table>

</div>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">For
the three and six months ended June 4, 2006, no options were granted, forfeited, or expired.&nbsp;The weighted-average grant-date fair value of options
granted for both the three and six months ended May 29, 2005 was $33.28.&nbsp;The weighted-average grant-date fair value of restricted stock granted for the three
and six months ended June 4, 2006 was $55.31 and $60.00, respectively.&nbsp;For the
three months ended May 29, 2005, no restricted stock was granted.&nbsp;The
weighted-average grant-date fair value of restricted stock granted for the six
months ended May 29, 2005 was $36.20.&nbsp;The fair value of restricted stock
vested for the three and six months ended June 4, 2006 was $1,139 and $2,969, respectively.&nbsp;The fair value of restricted stock vested for the three and
six months ended May 29, 2005 was $621 and $1,278, respectively.</font></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">The aggregate
intrinsic value in the table above represents the total pretax intrinsic value,
which is the difference between the Company's closing stock price on the last
trading day of the second quarter of 2006 and the exercise price times the
number of shares that would have been received if the option
holders had exercised their options on June 4, 2006.&nbsp; This amount will change based on the fair market value of the Company's stock.&nbsp; The
aggregate intrinsic value of stock options exercised for the three and six months
ended June 4, 2006 was $2,809 and $3,161, respectively.&nbsp;The aggregate
intrinsic value of stock options exercised for the three and six months ended
May 29, 2005 was $76 <br clear=all
style='page-break-before:always'>
</font>
</p>

<HR align=center width="100%" color=#999999 SIZE=3>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>
<font size="2">AMERON INTERNATIONAL CORPORATION AND SUBSIDIARIES</font></b></p>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>
<font size="2">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>
<font size="2">(Unaudited)</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">and $152, respectively.&nbsp;As of June 4, 2006, unrecognized compensation cost related to
stock-based compensation arrangements totaled $2,844.&nbsp; Such cost is expected to be recognized
over a weighted-average period of 3.0 years.</font></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">Net
cash proceeds from stock option exercises for the three and six months ended June 4, 2006
totaled $1,196 and $1,409, respectively.&nbsp; Net cash proceeds from stock
option exercises for the three and six months ended May 29, 2005 totaled $88 and $155, respectively.&nbsp;The Company's policy is to issue shares from its
authorized shares upon the exercise of stock options.</font></p>

<p><b><font size="2">Note 15.&nbsp; Employee Benefit Plans</font></b></p>

<p><font size="2">For the three and six months ended June 4, 2006 and May 29, 2005, net pension and postretirement costs were comprised of the
following:</font></p>

<p style='margin-top:6.0pt;margin-right:0in;margin-bottom:6.0pt;margin-left:
0in'><b><i><font size="2">&nbsp;Employee Benefits (Three
Months)</font></i></b></p>

<div align=center>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="90%"
 style='width:90.0%;border-collapse:collapse'>
 <tr>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p class=MsoNormal style="margin-top: 0; margin-bottom: 3px">&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p class=MsoNormal style="margin-top: 0; margin-bottom: 3px"><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td colspan=11 valign=bottom style='border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=center style='margin-bottom:3px;text-align:center; margin-top:0'><b>
	<font size="1">Pension Benefits</font></b><font size="1"> </font> </p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p class=MsoNormal style="margin-top: 0; margin-bottom: 3px">&nbsp;</p>
  </td>
  <td colspan=5 valign=bottom style='padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=center style='text-align:center; margin-top:0; margin-bottom:3px'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p class=MsoNormal style="margin-top: 0; margin-bottom: 3px">&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p class=MsoNormal style="margin-top: 0; margin-bottom: 3px">&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p class=MsoNormal style="margin-top: 0; margin-bottom: 3px">&nbsp;</p>
  </td>
  <td colspan=5 valign=bottom style='border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=center style='margin-bottom:3px;text-align:center; margin-top:0'><b>
	<font size="1">U.S. Plans</font></b></p>
  </td>
  <td valign=bottom style='border:none;border-top:solid windowtext 1.0pt;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal style='margin-bottom:3px; margin-top:0'>&nbsp;</p>
  </td>
  <td colspan=5 valign=bottom style='border-top:solid windowtext 1.0pt;
  border-left:none;border-bottom:solid windowtext 1.0pt;border-right:none;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=center style='margin-bottom:3px;text-align:center; margin-top:0'><b>
	<font size="1">Non U.S. Plans</font></b></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p class=MsoNormal style='margin-bottom:3px; margin-top:0'>&nbsp;</p>
  </td>
  <td colspan=5 valign=bottom style='border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=center style='margin-bottom:3px;text-align:center; margin-top:0'><b>
	<font size="1">U.S.
  Postretirement </font></b></p>
	<p class=MsoNormal align=center style='margin-bottom:3px;text-align:center; margin-top:0'>
	<b>
	<font size="1">Benefits</font></b></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p class=MsoNormal style="margin-top: 0; margin-bottom: 3px">&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td style='padding:0in 0in 0in 0in'>
  &nbsp;</td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  &nbsp;</td>
  <td valign=bottom style='padding:0in 0in 0in 0in' colspan="17">
  <div style="border-bottom: 1px solid #000000">
	<p align="center" style="margin-top: 2px; margin-bottom: 3px"><font size="1">
	<b>Three Months Ended June 4 and May 29,</b></font></div>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  &nbsp;</td>
 </tr>
 <tr>
  <td valign=bottom style='width:50%;padding:0in'>
  <p style='margin-bottom:2px; margin-top:0'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;padding:0in'>
  <p class=MsoNormal style="margin-top: 0; margin-bottom: 2px">&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p class=MsoNormal align=center style='margin-bottom:2px;text-align:center; margin-top:0'><b>
	<font size="1">2006</font></b></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; '>
  <p class=MsoNormal style='margin-bottom:2px; margin-top:0'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='width:7%;border-top:medium none windowtext;
  border-left:medium none;border-bottom:1.0pt solid windowtext;border-right:medium none;
  padding:0in'>
  <p class=MsoNormal align=center style='margin-bottom:2px;text-align:center; margin-top:0'><b>
	<font size="1">2005</font></b></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; '>
  <p class=MsoNormal style='margin-bottom:2px; margin-top:0'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='width:7%;border-top:medium none windowtext;
  border-left:medium none;border-bottom:1.0pt solid windowtext;border-right:medium none;
  padding:0in'>
  <p class=MsoNormal align=center style='margin-bottom:2px;text-align:center; margin-top:0'><b>
	<font size="1">2006</font></b></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; '>
  <p class=MsoNormal style='margin-bottom:2px; margin-top:0'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='width:7%;border-top:medium none windowtext;
  border-left:medium none;border-bottom:1.0pt solid windowtext;border-right:medium none;
  padding:0in'>
  <p class=MsoNormal align=center style='margin-bottom:2px;text-align:center; margin-top:0'><b>
	<font size="1">2005</font></b></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; '>
  <p class=MsoNormal style='margin-bottom:2px; margin-top:0'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='width:7%;border-top:medium none windowtext;
  border-left:medium none;border-bottom:1.0pt solid windowtext;border-right:medium none;
  padding:0in'>
  <p class=MsoNormal align=center style='margin-bottom:2px;text-align:center; margin-top:0'><b>
	<font size="1">2006</font></b></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; '>
  <p class=MsoNormal style='margin-bottom:2px; margin-top:0'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='width:7%;border-top:medium none windowtext;
  border-left:medium none;border-bottom:1.0pt solid windowtext;border-right:medium none;
  padding:0in'>
  <p class=MsoNormal align=center style='margin-bottom:2px;text-align:center; margin-top:0'><b>
	<font size="1">2005</font></b></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; '>
  <p class=MsoNormal style="margin-top: 0; margin-bottom: 2px">&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td style='width:50%;background:#CCEEFF;padding:0in'>
  <p><font size="2">Service Cost</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in'>
  <p><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;
  padding:0in'>
  <p><font size="2">$</font></p>
  </td>
  <td width="5%" valign=bottom style='background:#CCEEFF;
  padding:0in; '>
  <p align=right style='text-align:right'><font size="2">852</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;
  padding:0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;padding:
  0in; '>
  <p><font size="2">$</font></p>
  </td>
  <td valign=bottom style='width:5%;background:#CCEEFF;padding:
  0in'>
  <p align=right style='text-align:right'><font size="2">781</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:3%;background:#CCEEFF;padding:
  0in'>
  <p><font size="2">$</font></p>
  </td>
  <td valign=bottom style='width:4%;background:#CCEEFF;padding:
  0in'>
  <p align=right style='text-align:right'><font size="2">332</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;
  padding:0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;padding:
  0in'>
  <p><font size="2">$</font></p>
  </td>
  <td valign=bottom style='width:5%;background:#CCEEFF;
  padding:0in; '>
  <p align=right style='text-align:right'><font size="2">334</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:3%;background:#CCEEFF;padding:
  0in'>
  <p><font size="2">$</font></p>
  </td>
  <td valign=bottom style='width:4%;background:#CCEEFF;
  padding:0in'>
  <p align=right style='text-align:right'><font size="2">20</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;padding:
  0in'>
  <p><font size="2">$</font></p>
  </td>
  <td valign=bottom style='width:5%;background:#CCEEFF;
  padding:0in; '>
  <p align=right style='text-align:right'><font size="2">30</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td style='width:50%;padding:0in'>
  <p><font size="2">Interest Cost</font></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in'>
  <p><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:2%;padding:0in'>
  <p>&nbsp;</p>
  </td>
  <td width="5%" valign=bottom style='padding:0in; '>
  <p align=right style='text-align:right'><font size="2">2,510</font></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;padding:0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:5%;padding:0in'>
  <p align=right style='text-align:right'><font size="2">2,519</font></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:3%;padding:0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:4%;padding:0in'>
  <p align=right style='text-align:right'><font size="2">426</font></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;padding:0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:5%;padding:0in; '>
  <p align=right style='text-align:right'><font size="2">463</font></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:3%;padding:0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:4%;padding:0in'>
  <p align=right style='text-align:right'><font size="2">45</font></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;padding:0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:5%;padding:0in; '>
  <p align=right style='text-align:right'><font size="2">51</font></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; '>
  <p>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td style='width:50%;background:#CCEEFF;padding:0in'>
  <p><font size="2">Expected Return on Plan Assets</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;
  padding:0in'>
  <p>&nbsp;</p>
  </td>
  <td width="5%" valign=bottom style='background:#CCEEFF;
  padding:0in; '>
  <p align=right style='text-align:right'><font size="2">(3,013</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;
  padding:0in; '>
  <p><font size="2">)</font></p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;padding:
  0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:5%;background:#CCEEFF;padding:
  0in'>
  <p align=right style='text-align:right'><font size="2">(2,801</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p><font size="2">)</font></p>
  </td>
  <td valign=bottom style='width:3%;background:#CCEEFF;padding:
  0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:4%;background:#CCEEFF;padding:
  0in'>
  <p align=right style='text-align:right'><font size="2">(325</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;
  padding:0in; '>
  <p><font size="2">)</font></p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;padding:
  0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:5%;background:#CCEEFF;
  padding:0in; '>
  <p align=right style='text-align:right'><font size="2">(346</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p><font size="2">)</font></p>
  </td>
  <td valign=bottom style='width:3%;background:#CCEEFF;padding:
  0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:4%;background:#CCEEFF;
  padding:0in'>
  <p align=right style='text-align:right'><font size="2">(7</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p><font size="2">)</font></p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;padding:
  0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:5%;background:#CCEEFF;
  padding:0in; '>
  <p align=right style='text-align:right'><font size="2">(8</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p><font size="2">)</font></p>
  </td>
 </tr>
 <tr>
  <td style='padding:0in 0in 0in 0in'>
  <p><font size="2">Amortization of Unrecognized</font></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in' width="5%">
  <p align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p style='margin-left:.25in'><font size="2">Prior Service
  Cost</font></p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in' width="5%">
  <p align=right style='text-align:right'><font size="2">25</font></p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p align=right style='text-align:right'><font size="2">25</font></p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p align=right style='text-align:right'><font size="2">145</font></p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p align=right style='text-align:right'><font size="2">164</font></p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p align=right style='text-align:right'><font size="2">(4</font></p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p><font size="2">)</font></p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p align=right style='text-align:right'><font size="2">(4</font></p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p><font size="2">)</font></p>
  </td>
 </tr>
 <tr>
  <td style='padding:0in 0in 0in 0in'>
  <p><font size="2">Amortization of Unrecognized</font></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in' width="5%">
  <p align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td style='width:50%;background:#CCEEFF;padding:0in'>
  <p style='margin-left:.25in'><font size="2">Net Transition
  Obligation</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in'>
  <p><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;
  padding:0in'>
  <p>&nbsp;</p>
  </td>
  <td width="5%" valign=bottom style='background:#CCEEFF;
  padding:0in; '>
  <p align=right style='text-align:right'><font size="2">-&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;
  padding:0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;padding:
  0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:5%;background:#CCEEFF;padding:
  0in'>
  <p align=right style='text-align:right'><font size="2">-</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:3%;background:#CCEEFF;padding:
  0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:4%;background:#CCEEFF;padding:
  0in'>
  <p align=right style='text-align:right'><font size="2">-&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;
  padding:0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;padding:
  0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:5%;background:#CCEEFF;
  padding:0in; '>
  <p align=right style='text-align:right'><font size="2">-</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:3%;background:#CCEEFF;padding:
  0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:4%;background:#CCEEFF;
  padding:0in'>
  <p align=right style='text-align:right'><font size="2">12</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;padding:
  0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:5%;background:#CCEEFF;
  padding:0in; '>
  <p align=right style='text-align:right'><font size="2">18</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td style='padding:0in 0in 0in 0in'>
  <p><font size="2">Amortization of Accumulated Loss</font></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in' width="5%">
  <p align=right style='text-align:right'><font size="2">1,235</font></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p align=right style='text-align:right'><font size="2">1,239</font></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p align=right style='text-align:right'><font size="2">114</font></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p align=right style='text-align:right'><font size="2">19</font></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p align=right style='text-align:right'><font size="2">10</font></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p align=right style='text-align:right'><font size="2">15</font></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td style='width:50%;background:#CCEEFF;padding:0in'>
  <p><font size="2">Settlement</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in'>
  <p><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;
  padding:0in'>
  <p>&nbsp;</p>
  </td>
  <td width="5%" valign=bottom style='background:#CCEEFF;
  padding:0in; '>
  <p align=right style='text-align:right'><font size="2">-&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;
  padding:0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;padding:
  0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:5%;background:#CCEEFF;padding:
  0in'>
  <p align=right style='text-align:right'><font size="2">-</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:3%;background:#CCEEFF;padding:
  0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:4%;background:#CCEEFF;padding:
  0in'>
  <p align=right style='text-align:right'><font size="2">-</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;
  padding:0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;padding:
  0in'>
  <p align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:5%;background:#CCEEFF;
  padding:0in; '>
  <p align=right style='text-align:right'><font size="2">-</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:3%;background:#CCEEFF;padding:
  0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:4%;background:#CCEEFF;
  padding:0in'>
  <p align=right style='text-align:right'><font size="2">-&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;padding:
  0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:5%;background:#CCEEFF;
  padding:0in; '>
  <p align=right style='text-align:right'><font size="2">-</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td style='padding:0in 0in 0in 0in'>
  <p><font size="2">Curtailment</font></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 0in 0in 0in' width="5%">
  <p align=right style='text-align:right'><font size="2">-&nbsp;</font></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 0in 0in 0in'>
  <p align=right style='text-align:right'><font size="2">-</font></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 0in 0in 0in'>
  <p align=right style='text-align:right'><font size="2">-</font></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 0in 0in 0in'>
  <p align=right style='text-align:right'><font size="2">-</font></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 0in 0in 0in'>
  <p align=right style='text-align:right'><font size="2">-&nbsp;</font></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 0in 0in 0in'>
  <p align=right style='text-align:right'><font size="2">-</font></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='border:none;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='border:none;background:#CCEEFF;padding:0in 0in 0in 0in' width="5%">
  <p align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='border:none;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='border:none;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='border:none;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='border:none;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='border:none;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='border:none;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='border:none;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='border:none;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='border:none;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='border:none;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td style='width:50%;padding:0in'>
  <p><font size="2">Net Periodic Cost</font></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in'>
  <p><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:2%;border-bottom:
  1.5pt double windowtext;padding:0in'>
  <p><font size="2">$</font></p>
  </td>
  <td width="5%" valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.5pt double windowtext; padding:0in; '>
  <p align=right style='text-align:right'><font size="2">1,609</font></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:2%;border-bottom:
  1.5pt double windowtext;padding:0in; '>
  <p><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:5%;border-bottom:
  1.5pt double windowtext;padding:0in'>
  <p align=right style='text-align:right'><font size="2">1,763</font></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:3%;border-bottom:
  1.5pt double windowtext;padding:0in'>
  <p><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:4%;border-bottom:
  1.5pt double windowtext;padding:0in'>
  <p align=right style='text-align:right'><font size="2">692</font></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:2%;border-bottom:
  1.5pt double windowtext;padding:0in'>
  <p><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:5%;border-bottom:
  1.5pt double windowtext;padding:0in; '>
  <p align=right style='text-align:right'><font size="2">634</font></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:3%;border-bottom:
  1.5pt double windowtext;padding:0in'>
  <p><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:4%;border-bottom:
  1.5pt double windowtext;padding:0in'>
  <p align=right style='text-align:right'><font size="2">76</font></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:2%;border-bottom:
  1.5pt double windowtext;padding:0in'>
  <p><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:5%;border-bottom:
  1.5pt double windowtext;padding:0in; '>
  <p align=right style='text-align:right'><font size="2">102</font></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; '>
  <p>&nbsp;</p>
  </td>
 </tr>
</table>

</div>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin-top:6.0pt;margin-right:0in;margin-bottom:6.0pt;margin-left:
0in'><b><i><font size="2">&nbsp;Employee Benefits (Six Months)</font></i></b></p>

<div align=center>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="90%"
 style='width:90.0%;border-collapse:collapse'>
 <tr>
  <td style='padding:0in 0in 0in 0in'>
  &nbsp;</td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <font size="2">&nbsp;&nbsp;</font></td>
  <td valign=bottom style='padding:0in 0in 0in 0in' colspan="17">
  <div style="border-bottom: 1px solid #000000">
  <p align=right style='text-align:center; margin-top:0; margin-bottom:3px'><b>
	<font size="1">Six Months Ended June 4 and May 29,</font></b></p>
  </div>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  &nbsp;</td>
 </tr>
 <tr>
  <td valign=bottom style='width:51%;padding:0in'>
  <p style='margin-bottom:2px; margin-top:0'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; '>
  <p class=MsoNormal style="margin-top: 0; margin-bottom: 2px"><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td colspan=2 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p class=MsoNormal align=center style='margin-bottom:2px;text-align:center; margin-top:0'><b>
	<font size="1">2006</font></b></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; border-top-style:none; border-top-width:medium'>
  <p class=MsoNormal style='margin-bottom:2px; margin-top:0'><font size="1">&nbsp;&nbsp;</font></p>
  </td>
  <td colspan=2 valign=bottom style='width:7%;border-top:medium none windowtext;
  border-left:medium none;border-bottom:1.0pt solid windowtext;border-right:medium none;
  padding:0in'>
  <p class=MsoNormal align=center style='margin-bottom:2px;text-align:center; margin-top:0'><b>
	<font size="1">2005</font></b></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; border-top-style:none; border-top-width:medium'>
  <p class=MsoNormal style='margin-bottom:2px; margin-top:0'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='width:7%;border-top:medium none windowtext;
  border-left:medium none;border-bottom:1.0pt solid windowtext;border-right:medium none;
  padding:0in'>
  <p class=MsoNormal align=center style='margin-bottom:2px;text-align:center; margin-top:0'><b>
	<font size="1">2006</font></b></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; border-top-style:none; border-top-width:medium'>
  <p class=MsoNormal style='margin-bottom:2px; margin-top:0'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='width:7%;border-top:medium none windowtext;
  border-left:medium none;border-bottom:1.0pt solid windowtext;border-right:medium none;
  padding:0in'>
  <p class=MsoNormal align=center style='margin-bottom:2px;text-align:center; margin-top:0'><b>
	<font size="1">2005</font></b></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; border-top-style:none; border-top-width:medium'>
  <p class=MsoNormal style='margin-bottom:2px; margin-top:0'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='width:7%;border-top:medium none windowtext;
  border-left:medium none;border-bottom:1.0pt solid windowtext;border-right:medium none;
  padding:0in'>
  <p class=MsoNormal align=center style='margin-bottom:2px;text-align:center; margin-top:0'><b>
	<font size="1">2006</font></b></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; border-top-style:none; border-top-width:medium'>
  <p class=MsoNormal style='margin-bottom:2px; margin-top:0'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='width:7%;border-top:medium none windowtext;
  border-left:medium none;border-bottom:1.0pt solid windowtext;border-right:medium none;
  padding:0in'>
  <p class=MsoNormal align=center style='margin-bottom:2px;text-align:center; margin-top:0'><b>
	<font size="1">2005</font></b></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; border-top-style:none; border-top-width:medium'>
  <p class=MsoNormal style="margin-top: 0; margin-bottom: 2px">&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td style='width:51%;background:#CCEEFF;padding:0in'>
  <p><font size="2">Service Cost</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;
  padding:0in'>
  <p><font size="2">$</font></p>
  </td>
  <td width="4%" valign=bottom style='background:#CCEEFF;
  padding:0in; '>
  <p align=right style='text-align:right'><font size="2">1,704</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;padding:
  0in; '>
  <p><font size="2">$</font></p>
  </td>
  <td valign=bottom style='width:5%;background:#CCEEFF;padding:
  0in'>
  <p align=right style='text-align:right'><font size="2">1,561</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;
  padding:0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;
  padding:0in'>
  <p><font size="2">$</font></p>
  </td>
  <td valign=bottom style='width:5%;background:#CCEEFF;
  padding:0in; '>
  <p align=right style='text-align:right'><font size="2">664</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;padding:
  0in'>
  <p><font size="2">$</font></p>
  </td>
  <td valign=bottom style='width:5%;background:#CCEEFF;padding:
  0in; '>
  <p align=right style='text-align:right'><font size="2">667</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;padding:
  0in'>
  <p><font size="2">$</font></p>
  </td>
  <td valign=bottom style='width:5%;background:#CCEEFF;padding:
  0in; '>
  <p align=right style='text-align:right'><font size="2">40</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;
  padding:0in'>
  <p><font size="2">$</font></p>
  </td>
  <td valign=bottom style='width:5%;background:#CCEEFF;padding:
  0in; '>
  <p align=right style='text-align:right'><font size="2">59</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td style='width:51%;padding:0in'>
  <p><font size="2">Interest Cost</font></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; '>
  <p><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:2%;padding:0in'>
  <p>&nbsp;</p>
  </td>
  <td width="4%" valign=bottom style='padding:0in; '>
  <p align=right style='text-align:right'><font size="2">5,020</font></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;padding:0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:5%;padding:0in'>
  <p align=right style='text-align:right'><font size="2">5,038</font></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;padding:0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:5%;padding:0in; '>
  <p align=right style='text-align:right'><font size="2">852</font></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;padding:0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:5%;padding:0in; '>
  <p align=right style='text-align:right'><font size="2">925</font></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;padding:0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:5%;padding:0in; '>
  <p align=right style='text-align:right'><font size="2">90</font></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;padding:0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:5%;padding:0in; '>
  <p align=right style='text-align:right'><font size="2">102</font></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; '>
  <p>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td style='width:51%;background:#CCEEFF;padding:0in'>
  <p><font size="2">Expected Return on Plan Assets</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;
  padding:0in'>
  <p align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td width="4%" valign=bottom style='background:#CCEEFF;
  padding:0in; '>
  <p align=right style='text-align:right'><font size="2">(6,025</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p><font size="2">)</font></p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;padding:
  0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:5%;background:#CCEEFF;padding:
  0in'>
  <p align=right style='text-align:right'><font size="2">(5,602</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;
  padding:0in; '>
  <p><font size="2">)</font></p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;
  padding:0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:5%;background:#CCEEFF;
  padding:0in; '>
  <p align=right style='text-align:right'><font size="2">(650</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p><font size="2">)</font></p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;padding:
  0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:5%;background:#CCEEFF;padding:
  0in; '>
  <p align=right style='text-align:right'><font size="2">(691</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p><font size="2">)</font></p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;padding:
  0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:5%;background:#CCEEFF;padding:
  0in; '>
  <p align=right style='text-align:right'><font size="2">(14</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p><font size="2">)</font></p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;
  padding:0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:5%;background:#CCEEFF;padding:
  0in; '>
  <p align=right style='text-align:right'><font size="2">(16</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p><font size="2">)</font></p>
  </td>
 </tr>
 <tr>
  <td style='padding:0in 0in 0in 0in'>
  <p><font size="2">Amortization of Unrecognized</font></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in' width="4%">
  <p align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p style='margin-left:.25in'><font size="2">Prior Service
  Cost</font></p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in' width="4%">
  <p align=right style='text-align:right'><font size="2">50</font></p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p align=right style='text-align:right'><font size="2">50</font></p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p align=right style='text-align:right'><font size="2">290</font></p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p align=right style='text-align:right'><font size="2">328</font></p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p align=right style='text-align:right'><font size="2">&nbsp;(8</font></p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p><font size="2">)</font></p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p align=right style='text-align:right'><font size="2">(7</font></p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p><font size="2">)</font></p>
  </td>
 </tr>
 <tr>
  <td style='padding:0in 0in 0in 0in'>
  <p><font size="2">Amortization of Unrecognized</font></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in' width="4%">
  <p align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td style='width:51%;background:#CCEEFF;padding:0in'>
  <p style='margin-left:.25in'><font size="2">Net Transition
  Obligation</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;
  padding:0in'>
  <p>&nbsp;</p>
  </td>
  <td width="4%" valign=bottom style='background:#CCEEFF;
  padding:0in; '>
  <p align=right style='text-align:right'><font size="2">-&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;padding:
  0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:5%;background:#CCEEFF;padding:
  0in'>
  <p align=right style='text-align:right'><font size="2">-</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;
  padding:0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;
  padding:0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:5%;background:#CCEEFF;
  padding:0in; '>
  <p align=right style='text-align:right'><font size="2">-&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;padding:
  0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:5%;background:#CCEEFF;padding:
  0in; '>
  <p align=right style='text-align:right'><font size="2">-</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;padding:
  0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:5%;background:#CCEEFF;padding:
  0in; '>
  <p align=right style='text-align:right'><font size="2">&nbsp;24</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;
  padding:0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:5%;background:#CCEEFF;padding:
  0in; '>
  <p align=right style='text-align:right'><font size="2">36</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td style='padding:0in 0in 0in 0in'>
  <p><font size="2">Amortization of Accumulated Loss</font></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in' width="4%">
  <p align=right style='text-align:right'><font size="2">2,470</font></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p align=right style='text-align:right'><font size="2">2,477</font></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p align=right style='text-align:right'><font size="2">228</font></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p align=right style='text-align:right'><font size="2">38</font></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p align=right style='text-align:right'><font size="2">20</font></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p align=right style='text-align:right'><font size="2">30</font></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td style='width:51%;background:#CCEEFF;padding:0in'>
  <p><font size="2">Settlement</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;
  padding:0in'>
  <p>&nbsp;</p>
  </td>
  <td width="4%" valign=bottom style='background:#CCEEFF;
  padding:0in; '>
  <p align=right style='text-align:right'><font size="2">-&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;padding:
  0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:5%;background:#CCEEFF;padding:
  0in'>
  <p align=right style='text-align:right'><font size="2">-</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;
  padding:0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;
  padding:0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:5%;background:#CCEEFF;
  padding:0in; '>
  <p align=right style='text-align:right'><font size="2">2,275</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;padding:
  0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:5%;background:#CCEEFF;padding:
  0in; '>
  <p align=right style='text-align:right'><font size="2">-</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;padding:
  0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:5%;background:#CCEEFF;padding:
  0in; '>
  <p align=right style='text-align:right'><font size="2">&nbsp;-</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;
  padding:0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:5%;background:#CCEEFF;padding:
  0in; '>
  <p align=right style='text-align:right'><font size="2">-</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td style='padding:0in 0in 0in 0in'>
  <p><font size="2">Curtailment</font></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='border:none;border-bottom:solid black 1.0pt;
  padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='border:none;border-bottom:solid black 1.0pt;
  padding:0in 0in 0in 0in' width="4%">
  <p align=right style='text-align:right'><font size="2">-&nbsp;</font></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='border:none;border-bottom:solid black 1.0pt;
  padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='border:none;border-bottom:solid black 1.0pt;
  padding:0in 0in 0in 0in'>
  <p align=right style='text-align:right'><font size="2">-</font></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='border:none;border-bottom:solid black 1.0pt;
  padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='border:none;border-bottom:solid black 1.0pt;
  padding:0in 0in 0in 0in'>
  <p align=right style='text-align:right'><font size="2">(1,918</font></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p><font size="2">)</font></p>
  </td>
  <td valign=bottom style='border:none;border-bottom:solid black 1.0pt;
  padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='border:none;border-bottom:solid black 1.0pt;
  padding:0in 0in 0in 0in'>
  <p align=right style='text-align:right'><font size="2">-</font></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='border:none;border-bottom:solid black 1.0pt;
  padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='border:none;border-bottom:solid black 1.0pt;
  padding:0in 0in 0in 0in'>
  <p align=right style='text-align:right'><font size="2">&nbsp;-</font></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='border:none;border-bottom:solid black 1.0pt;
  padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='border:none;border-bottom:solid black 1.0pt;
  padding:0in 0in 0in 0in'>
  <p align=right style='text-align:right'><font size="2">-</font></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in' width="4%">
  <p align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p align=right style='text-align:right'>&nbsp;</p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td style='width:51%;padding:0in'>
  <p><font size="2">Net Periodic Cost</font></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; '>
  <p><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:2%;border-bottom:
  3px double black;padding:0in'>
  <p><font size="2">$</font></p>
  </td>
  <td width="4%" valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:3px double black; padding:0in'>
  <p align=right style='text-align:right'><font size="2">3,219</font></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:2%;border-bottom:
  3px double black;padding:0in'>
  <p><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:5%;border-bottom:
  3px double black;padding:0in'>
  <p align=right style='text-align:right'><font size="2">3,524</font></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:2%;border-bottom:
  3px double black;padding:0in'>
  <p><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:5%;border-bottom:
  3px double black;padding:0in'>
  <p align=right style='text-align:right'><font size="2">&nbsp;1,741</font></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:2%;border-bottom:
  3px double black;padding:0in'>
  <p><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:5%;border-bottom:
  3px double black;padding:0in'>
  <p align=right style='text-align:right'><font size="2">1,267</font></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:2%;border-bottom:
  3px double black;padding:0in'>
  <p><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:5%;border-bottom:
  3px double black;padding:0in'>
  <p align=right style='text-align:right'><font size="2">152</font></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:2%;border-bottom:
  3px double black;padding:0in'>
  <p><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:5%;border-bottom:
  3px double black;padding:0in'>
  <p align=right style='text-align:right'><font size="2">204</font></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; '>
  <p>&nbsp;</p>
  </td>
 </tr>
</table>

</div>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">In
2006, the Company modified its benefit plans in the Netherlands in response to
changes in Dutch pension regulations.&nbsp; The modifications included the termination
of the defined benefit plan that resulted in a settlement cost of $2,275 and
curtailment benefit of $1,918 in the first half of 2006.</font></p>
<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<HR align=center width="100%" color=#999999 SIZE=3>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>
<font size="2">AMERON INTERNATIONAL CORPORATION AND SUBSIDIARIES</font></b></p>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>
<font size="2">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)</font></b></p>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>
<font size="2">(Unaudited)</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">The
Company's policy is to make pension plan contributions to the extent such
contributions are mandatory, actuarially determined and tax deductible.&nbsp; The
Company contributed $3,798 to the U.S. pension plan in the first half of 2006.&nbsp;
The Company also expects to contribute $12,829 in the second half of 2006.&nbsp;The
Company contributed $591 to the non-U.S. pension plan for the first half
of 2006 and expects to contribute $544 in the second half of 2006.</font><b><font size="2">&nbsp;</font></b></p>

<p><b><font size="2">Note 16.&nbsp; Subsequent Events</font></b></p>
<p><font size="2">On June 28, 2006, Ameron and certain of its subsidiaries entered into an asset
purchase agreement (the &quot;Agreement&quot;) to sell substantially all of the assets and
certain specified liabilities of its worldwide Performance Coatings &amp; Finishes
business (the &quot;Coatings Business&quot;) to PPG Industries, Inc. (&quot;PPG&quot;).&nbsp; The
total consideration to be received by Ameron upon the closing of the transaction
is $115,000 in cash.&nbsp; In addition, the Agreement includes a
post-closing purchase price adjustment which, based on Ameron's current estimate
of net assets, would result in approximately $5,000 of additional
consideration.&nbsp; This transaction includes approximately $106,000 of current assets consisting primarily of accounts receivables and
inventories, $40,000 of non-current assets consisting primarily of fixed
assets, and $28,000 assumed liabilities consisting primarily of trade
payables and employee-related accruals, as of June 4, 2006.</font></p>
<p><font size="2">Certain assets are excluded from the sale, including cash and
cash equivalents and certain real properties that are currently used in the
Coatings Business.&nbsp; Ameron intends to sell those retained properties in the
next 12 to 18 months and expects to generate additional proceeds of
approximately $15,000 based on current estimates of market values.</font></p>
<p><font size="2">The transaction is expected to close within 30 to 45 days,
subject to the conditions to closing in the Agreement and following regulatory
review in Europe.</font></p>

<b><font size="2"><br clear=all
style='page-break-before:always'>
</font>
</b>

<HR align=center width="100%" color=#999999 SIZE=3>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>
<font size="2">AMERON INTERNATIONAL CORPORATION AND SUBSIDIARIES</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><b><font size="2">Item
2.&nbsp; Management's Discussion and Analysis of Financial Condition and
Results of Operations</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><b><font size="2">INTRODUCTION<br>
<br>
</font>
</b><font size="2">Ameron International Corporation
(&quot;Ameron&quot; or the &quot;Company&quot;) is a multinational manufacturer
of highly-engineered products and materials for the chemical, industrial,
energy, transportation and infrastructure markets.&nbsp; Ameron is a leading
producer of water transmission lines; high-performance coatings and finishes
for the protection of metals and structures; fiberglass-composite pipe for
transporting oil, chemicals and corrosive fluids and specialized materials and
products used in infrastructure projects.&nbsp; The Company operates businesses
in North America, South America, Europe, Australasia and Asia.&nbsp; The
Company has four reportable segments.&nbsp; The Performance Coatings &amp;
Finishes Group manufactures and markets high-performance industrial and marine
coatings.&nbsp; The Fiberglass-Composite Pipe Group manufactures and markets
filament-wound and molded composite fiberglass pipe, tubing, fittings and well
screens.&nbsp; The Water Transmission Group manufactures and supplies concrete
and steel pressure pipe, concrete non-pressure pipe, protective linings for
pipe, and fabricated steel products.&nbsp; The Infrastructure Products Group consists
of two operating segments, which are aggregated:&nbsp;the Hawaii Division which manufactures
and sells ready-mix concrete, sand and aggregates, concrete pipe and culverts
and the Pole Products Division which manufactures and sells concrete and steel
lighting and traffic poles.&nbsp; The markets served by the Performance Coatings
&amp; Finishes Group and the Fiberglass-Composite Pipe Group are worldwide in
scope.&nbsp; The Water Transmission Group serves primarily the western U.S.&nbsp; The Infrastructure Products Group's quarry and ready-mix business operates
exclusively in Hawaii, and poles are sold throughout the U.S.&nbsp; Ameron also participates in several joint-venture companies, directly in the U.S. and Saudi Arabia, and indirectly in Egypt.</font></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">Management's
Discussion and Analysis should be read in conjunction with the same discussion included
in the Company's 2005 Annual Report, under Part II, Item 7.&nbsp; Reference
should also be made to the financial statements included in this Form 10-Q for
comparative consolidated balance sheets and statements of income and cash
flows.</font></p>

<p><b><font size="2">CRITICAL ACCOUNTING POLICIES AND ESTIMATES</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">Management's
Discussion and Analysis of Liquidity and Capital Resources and Results of
Operations are based upon the Company's consolidated financial statements,
which have been prepared in accordance with accounting principles generally
accepted in the United States of America.&nbsp; The preparation of these
financial statements requires management to make certain estimates and
assumptions that affect the reported amounts of assets, liabilities, revenues
and expenses, and related disclosure of contingent assets and liabilities
during the reporting periods.&nbsp; Management bases its estimates on
historical experience and on various other assumptions that are believed to be
reasonable under the circumstances, the results of which form the basis for
making judgments about the carrying values of assets and liabilities that are
not readily apparent from other sources.&nbsp; Actual results could differ from
those estimates.</font></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">A
summary of the Company's significant accounting policies is provided in Note
(1) of the Notes to Consolidated Financial Statements, in the Company's 2005
Annual Report.&nbsp; In addition, Management believes the following accounting
policies affect the more significant estimates used in preparing the
consolidated financial statements.</font></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">The
consolidated financial statements include the accounts of Ameron International
Corporation and all wholly-owned subsidiaries.&nbsp; All material intercompany
accounts and transactions have been eliminated.&nbsp; The functional currencies
for the Company's foreign operations are the applicable local currencies.&nbsp;
The translation from the applicable foreign currencies to U.S. dollars is
performed for balance sheet accounts using current exchange rates in effect at
the balance sheet date and for revenue and expense accounts using a
weighted-average exchange rate during the period.&nbsp; The resulting
translation adjustments are recorded in accumulated other comprehensive
income.&nbsp; The Company advances funds to certain foreign subsidiaries that
are not expected to be repaid in the foreseeable future.&nbsp; Translation
adjustments arising from these advances are also included in accumulated other
comprehensive income.&nbsp; The timing of repayments of intercompany advances
could materially impact the Company's consolidated financial statements.&nbsp;
Additionally, earnings of foreign subsidiaries are often reinvested outside the
  U.S.&nbsp; Unforeseen repatriation of such earnings could result in
significant unrecognized U.S. tax liability.&nbsp; Gains or losses resulting
from foreign currency transactions are included in other income, net.</font></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">Revenue
for the Performance Coatings &amp; Finishes, Fiberglass-Composite Pipe, and
Infrastructure Products segments is recognized when risk of ownership and title
pass, primarily at the time goods are shipped, provided that an agreement
exists between the customer and the Company, the price is fixed or determinable
and collection is reasonably assured.&nbsp; In limited circumstances within the
Performance Coatings &amp; Finishes Group, revenue recognition associated with
shipment of coatings for marine dry dockings is delayed until product returns
are processed.&nbsp; Revenue is recognized for the Water Transmission Group
primarily under the percentage-of-completion method, typically based on
completed units of production, since products are manufactured under
enforceable and binding construction contracts, typically are designed for
specific applications, are not interchangeable between projects, and are not
manufactured
for stock.&nbsp; Revenue for the period is estimated by multiplying total
estimated contract revenue by the percentage of completion of the contract and
then subtracting the amount of previously recognized revenue.&nbsp; Cost of
earned revenue is computed by multiplying estimated contract completion cost by
the percentage of completion of the contract and then subtracting the amount of
previously recognized cost.&nbsp; In some cases, if products are manufactured
for stock or are not related to specific construction contracts, revenue is
recognized under the same criteria used by the other three
segments.&nbsp;&nbsp;Revenue under the percentage-of-completion method is
subject to a greater level of estimation, which affects the timing of revenue
recognition, costs and profits.&nbsp; Estimates are reviewed on a consistent
basis and are adjusted periodically to reflect current</font></p>


<HR align=center width="100%" color=#999999 SIZE=3>


<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>
<font size="2">AMERON INTERNATIONAL CORPORATION AND SUBSIDIARIES</font></b></p>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>
<font size="2">MANAGEMENT'S DISCUSSION AND ANALYSIS (Continued)</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt'><font size="2">expectations.&nbsp;
Costs attributable to unpriced change orders are treated as costs of contract
performance in the period, and contract revenue is recognized if recovery is
probable.&nbsp; Disputed or unapproved change orders are treated as
claims.&nbsp; Recognition of amounts of additional contract revenue relating to
claims occurs when amounts have been received or awarded with recognition based
on the percentage-of-completion methodology.</font></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">The
Company expenses environmental clean-up costs related to existing conditions
resulting from past or current operations on a site-by-site basis.&nbsp;
Liabilities and costs associated with these matters, as well as other pending
litigation and asserted claims arising in the ordinary course of business,
require estimates of future costs and judgments based on the knowledge and
experience of management and its legal counsel.&nbsp; When the Company's
exposures can be reasonably estimated and are probable, liabilities and
expenses are recorded.&nbsp; The ultimate resolution of any such exposure to
the Company may differ due to subsequent developments.</font></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">Inventories
are stated at the lower of cost or market with cost determined principally on
the first-in, first-out (&quot;FIFO&quot;) method.&nbsp; Certain steel
inventories used by the Water Transmission Group are valued using the last-in,
first-out (&quot;LIFO&quot;) method.&nbsp; Significant changes in steel levels
or costs could materially impact the Company's financial statements.&nbsp;
Reserves are established for excess, obsolete and rework inventories based on
age, estimates of salability and forecasted future demand.&nbsp; Management
records an allowance for doubtful accounts receivable based on historical
experience and expected trends.&nbsp; A significant reduction in demand or a
significant worsening of customer credit quality could materially impact the
Company's consolidated financial statements.</font></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">Investments
in unconsolidated joint ventures or affiliates (&quot;joint ventures&quot;)
over which the Company has significant influence are accounted for under the
equity method of accounting, whereby the investment is carried at the cost of
acquisition, plus the Company's equity in undistributed earnings or losses
since acquisition.&nbsp; Investments in joint ventures over which the Company
does not have the ability to exert significant influence over the investees'
operating and financing activities are accounted for under the cost method of
accounting.&nbsp; The Company's investment in TAMCO, a steel mini-mill in California, is accounted for under the equity method.&nbsp; Investments in Ameron Saudi
Arabia, Ltd., Bondstrand, Ltd. and Oasis-Ameron, Ltd. are accounted for under
the cost method due to management's current assessment of the
Company's&nbsp;influence over these joint ventures.</font></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">Property,
plant and equipment is stated on the basis of cost and depreciated principally
using a straight-line method based on the estimated useful lives of the related
assets, generally three to 40 years.&nbsp; The Company reviews long-lived
assets for impairment whenever events or changes in circumstances indicate that
the carrying value of such assets may not be recoverable.&nbsp; If the
estimated future, undiscounted cash flows from the use of an asset are less than
its carrying value, a write-down is recorded to reduce the related assets to
estimated fair value.&nbsp;&nbsp;The Company also reviews intangible assets for
impairment at least annually, based on the estimated future, discounted cash
flows associated with such assets.&nbsp; Actual cash flows may differ
significantly from estimated cash flows.&nbsp; Additionally, current estimates
of future cash flows may differ from subsequent estimates of future cash
flows.&nbsp; Changes in estimated or actual cash flows could materially impact
the Company's consolidated financial statements.</font></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">The
Company is self insured for a portion of the losses and liabilities primarily
associated with workers' compensation claims and general, product and vehicle
liability.&nbsp; Losses are accrued based upon the Company's estimates of the
aggregate liability for claims incurred using historical experience and certain
actuarial assumptions followed in the insurance industry.&nbsp; The estimate of
self-insurance liability includes an estimate of incurred but not reported
claims, based on data compiled from historical experience.&nbsp; Actual
experience could differ significantly from these estimates and could materially
impact the Company's consolidated financial statements.&nbsp; The Company
purchases varying levels of insurance to cover losses in excess of the
self-insured limits.&nbsp; Currently, the Company's self-insurance limits are
$1.0 million per workers' compensation claim, $.1 million per general, property
or product liability claim, and $.25 million per vehicle liability claim.</font></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">The
Company follows the guidance of Statement of Financial Accounting Standards
(&quot;SFAS&quot;) No. 87, &quot;Employers' Accounting for Pensions,&quot; and
SFAS No. 106, &quot;Employers' Accounting for Postretirement Benefits Other
Than Pensions,&quot; when accounting for pension and other postretirement
benefits.&nbsp; Under these accounting standards, assumptions are made
regarding the valuation of benefit obligations and the performance of plan
assets that are controlled and invested by third-party fiduciaries.&nbsp; Delayed
recognition of differences between actual results and expected or estimated
results is a guiding principle of these standards.&nbsp; Such delayed recognition
provides a gradual recognition of benefit obligations and investment
performance over the working lives of the employees who benefit under the
plans, based on various assumptions.&nbsp; Assumed discount rates are used to
calculate the present values of benefit payments which are projected to be made
in the future, including projections of increases in employees' annual
compensation and health care costs.&nbsp; Management also projects the future
return on invested assets based principally on prior performance.&nbsp; These
projected returns reduce the net benefit costs the Company records in the
current period.&nbsp; Actual results could vary significantly from projected
results, and such deviation could materially impact the Company's consolidated
financial statements.&nbsp; Management consults with its actuaries when
determining these assumptions.&nbsp; Unforecasted program changes, including
termination, freezing of benefits or acceleration of benefits, could result in
an immediate recognition of unrecognized benefit obligations and such recognition
could materially impact the Company's consolidated financial statements.</font></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">Management
incentive compensation is accrued based on current estimates of the Company's
ability to achieve short-term and long-term performance targets.</font></p>

&nbsp;<HR align=center width="100%" color=#999999 SIZE=3>


<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>
<font size="2">AMERON INTERNATIONAL CORPORATION AND SUBSIDIARIES</font></b></p>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>
<font size="2">MANAGEMENT'S DISCUSSION AND ANALYSIS (Continued)</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">Deferred
income tax assets and liabilities are computed for differences between the
financial statement and income tax bases of assets and liabilities.&nbsp; Such
deferred income tax asset and liability computations are based on enacted tax
laws and rates applicable to periods in which the differences are expected to
reverse.&nbsp; Valuation allowances are established, when necessary, to reduce
deferred income tax assets to the amounts expected to be realized.&nbsp;
Quarterly income taxes are estimated based on the mix of income by jurisdiction
forecasted for the full fiscal year.&nbsp; The Company believes that it has
adequately provided for tax-related matters.&nbsp; The Company is subject to
examination by taxing authorities in various jurisdictions.&nbsp; Matters
raised upon audit may involve substantial amounts, and an adverse finding could
have a material impact on the Company's consolidated financial statements.</font></p>

<p><b><font size="2">LIQUIDITY AND CAPITAL RESOURCES</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">As
of June 4, 2006, the Company's working capital totaled $242.8 million, an
increase of $26.7 million, from working capital of $216.1 million as of November 30, 2005.&nbsp; The increase was caused by higher production and sales and an
increase in profits.&nbsp;Cash and cash equivalents totaled $47.7 million as of June 4, 2006, compared to $44.7 million as of November 30, 2005.</font></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">During
the six months ended June 4, 2006, the Company generated $12.0 million of cash
from operating activities compared to $1.0 million used in the six months ended
 May 29, 2005.&nbsp; The higher operating cash flow in 2006 was primarily due
to higher earnings and a reduction in the cash used for operating activities.&nbsp;
In the six months ended May 29, 2005, the Company's cash from operating activities included net income, excluding gains on asset sales, of $5.7 million,
plus non-cash adjustments (depreciation, amortization, deferred taxes,
dividends from joint-ventures in excess of equity income and stock compensation
expense) of $10.8 million, offset by changes in operating assets and
liabilities of $17.5 million.&nbsp;Cash was used for operating assets due to the
seasonal level of business activity in the first half of 2005.&nbsp;In the six
months ended June 4, 2006, the Company's cash provided by operating activities
included net income, excluding gains on asset sales, of $13.2 million, plus
similar non-cash adjustments of $10.9 million, offset by corresponding changes
in operating assets and liabilities of $12.1 million.&nbsp;Less cash was used for
operating activities due largely to the increase in accrued liabilities and
taxes related to the timing of payments.</font></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">Net cash used in
investing activities totaled $9.2 million during the six months ended June 4,
2006, compared to $12.1 million in the six months ended May 29, 2005.&nbsp; In
2006, the Company generated net proceeds of $9.0 million from the sale of real
property in Brea, California previously used as a coatings facility.&nbsp;The
proceeds were transferred directly to a trust established for tax-free exchange under Internal
Revenue Code Section 1031 and treated as restricted cash.&nbsp;In addition, the
Company generated $.7 million from sales of other assets.&nbsp;Net cash used
in investing activities consisted of capital expenditures of $9.9 million,
compared to $12.5 million in the first half of 2005.&nbsp; Capital expenditures
in both 2005 and 2006 were primarily for normal replacement and upgrades of
machinery and equipment and for a new fiberglass pipe plant in Malaysia.&nbsp; During the year ending November 30, 2006, the Company anticipates spending between $25 and $35 million on capital expenditures.&nbsp; Capital expenditures
are expected to be funded by existing cash balances, cash generated from
operations or additional borrowings.</font></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">Net
cash used in financing activities totaled $.1 million during the six months
ended June 4, 2006, compared to $5.9 million provided in the six months ended May 29, 2005.&nbsp; The net cash provided by financing activities in 2006 consisted of net
borrowings of $3.2 million and issuance of common stock related to exercised
stock options of $1.4 million.&nbsp;Net cash used in 2006 for common stock
dividends of $3.5 million and treasury stock purchases of $1.2 million related
to the vesting of restricted shares.&nbsp;Net cash provided by financing activities
in 2005 included net borrowings of $9.7 million and similar issuance of common
stock of $.2 million, offset by dividends of $3.4 million and stock purchases
of $.5 million.&nbsp;Net borrowings were higher in 2005 because of a greater use of
the Company's bank lines.&nbsp;In late 2005, borrowings under such lines were
replaced by borrowings under a term loan.&nbsp;</font></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">The
Company utilizes a $100.0 million revolving credit facility with six banks (the
&quot;Revolver&quot;).&nbsp; Under the Revolver, the Company may, at its
option, borrow at floating interest rates based on specified margins over money
market rates, at any time until September 2010, when all borrowings under the
Revolver must be repaid.</font></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">The
Company's lending agreements contain various restrictive covenants, including
the requirement to maintain specified amounts of net worth and restrictions on
cash dividends, borrowings, liens, investments, guarantees, and financial
covenants. The Company is required to maintain consolidated net worth of $181.4
million plus 50% of net income and 75% of proceeds from any equity issued after
 January 24, 2003. The Company's consolidated net worth exceeded the covenant
amount by $92.8 million as of June 4, 2006. The Company is required to maintain a consolidated leverage ratio of consolidated funded indebtedness to earnings
before interest, taxes, depreciation and amortization (&quot;EBITDA&quot;) of
no more than 2.5 times. As of June 4, 2006, the Company maintained a consolidated leverage ratio of 1.18 times EBITDA. Lending agreements require that the
Company maintain qualified consolidated tangible assets at least equal to the
outstanding secured funded indebtedness. As of June 4, 2006, qualifying tangible assets equaled 2.04 times funded indebtedness. Under the most restrictive
fixed charge coverage ratio, the sum of EBITDA and rental expense less cash
taxes must be at least 1.25 times the sum of interest expense, rental expense,
dividends and scheduled funded debt payments. As of June 4, 2006, the Company maintained such a fixed charge coverage ratio of 2.16 times.&nbsp; </font></p>

<b><font size="2"><br clear=all style='page-break-before:always'>
</font></b>

<HR align=center width="100%" color=#999999 SIZE=3>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'>
<b><font size="2">AMERON INTERNATIONAL CORPORATION AND SUBSIDIARIES</font></b></p>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>
<font size="2">MANAGEMENT'S DISCUSSION AND ANALYSIS (Continued)</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt'><font size="2">Cash
and cash equivalents at June 4, 2006 totaled $47.7 million, an increase of $3.0 million from November 30, 2005.&nbsp; At June 4, 2006, the Company had total debt outstanding of $101.1 million, compared to $95.4 million at November 30, 2005, and approximately $116.9 million in unused committed and uncommitted
credit lines available from foreign and domestic banks.&nbsp; The Company's
highest borrowing and the average borrowing levels during 2006 were $101.7
million and $100.3 million, respectively.</font></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">Management
believes that cash flow from operations and current cash balances, together
with currently available lines of credit, will be sufficient to meet operating
requirements in 2006.&nbsp;The Company contributed $3,798 to the U.S. pension plan in the first half of 2006.&nbsp;The Company also expects to contribute $12,829
in the second half of 2006.&nbsp;The Company contributed $591 to the non-U.S.
pension plan for the first half of 2006 and expects to contribute $544 in the
second half of 2006.&nbsp;The amount of contribution to the U.S. pension plan reflects application of an Additional Funding Charge (&quot;AFC&quot;) requirement and the timing of contributions.&nbsp; Assuming no change in pension
assumptions or legislation, it is anticipated that the AFC requirement would be
required for another three years.&nbsp; Thereafter, annual pension
contributions would be expected to decline to under $5.0 million.&nbsp; Cash
available from operations could be affected by any general economic downturn or
any decline or adverse changes in the Company's business, such as a loss of
customers or significant raw material price increases.&nbsp; Management does
not believe it likely that business or economic conditions will worsen or that
costs will increase sufficiently to impact short-term liquidity.</font></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">The
Company's contractual obligations and commercial commitments at June 4, 2006 are summarized as follows (in thousands):</font></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><b><i><font size="2">Contractual
Obligations</font></i></b></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<div align=center>

<table class=MsoNormalTable border=0 cellpadding=0 width="91%"
 style='width:90%;border-collapse:collapse'>
 <tr>
  <td valign=bottom style='width:50%;padding:0in; '>
  &nbsp;</td>
  <td valign=bottom style='width:1%;padding:0in; '>
  &nbsp;</td>
  <td colspan=14 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1px solid windowtext;padding:0in'>
  <p align="center" style="margin-top: 0; margin-bottom: 3px"><b><font size="1">
	Payments Due by Period</font></b></td>
  <td width="1%" valign=bottom style='width:1.2%;padding:0in 0in 0in 0in'>
  &nbsp;</td>
 </tr>
 <tr>
  <td valign=bottom style='width:50%;padding:0in; '>
  <p style='margin-bottom:2px; margin-top:0'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; '>
  <p class=MsoNormal style="margin-top: 0; margin-bottom: 2px">&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:8%;border-bottom:1.0pt solid windowtext;padding:0in; '>
  <p class=MsoNormal align=center style='margin-bottom:2px;text-align:center; margin-top:0'><b>
	<font size="1">Total</font></b></p>
  </td>
  <td valign=bottom style='width:2%;padding:0in; '>
  <p class=MsoNormal style='margin-bottom:2px; margin-top:0'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='width:8%;border-top:medium none windowtext;
  border-left:medium none;border-bottom:1.0pt solid windowtext;border-right:medium none;
  padding:0in'>
  <p class=MsoNormal align=center style='margin-bottom:2px;text-align:center; margin-top:0'><b>
	<font size="1">Less than 1 Year</font></b></p>
  </td>
  <td valign=bottom style='width:2%;padding:0in; '>
  <p class=MsoNormal style='margin-bottom:2px; margin-top:0'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='width:8%;border-top:medium none windowtext;
  border-left:medium none;border-bottom:1.0pt solid windowtext;border-right:medium none;
  padding:0in'>
  <p class=MsoNormal align=center style='margin-bottom:2px;text-align:center; margin-top:0'><b>
	<font size="1">1-3 Years</font></b></p>
  </td>
  <td valign=bottom style='width:2%;padding:0in; '>
  <p class=MsoNormal style='margin-bottom:2px; margin-top:0'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='width:9%;border-top:medium none windowtext;
  border-left:medium none;border-bottom:1.0pt solid windowtext;border-right:medium none;
  padding:0in'>
  <p class=MsoNormal align=center style='margin-bottom:2px;text-align:center; margin-top:0'><b>
	<font size="1">3-5 Years</font></b></p>
  </td>
  <td valign=bottom style='width:2%;padding:0in; '>
  <p class=MsoNormal style='margin-bottom:2px; margin-top:0'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='width:9%;border-top:medium none windowtext;
  border-left:medium none;border-bottom:1.0pt solid windowtext;border-right:medium none;
  padding:0in'>
  <p class=MsoNormal align=center style='margin-bottom:2px;text-align:center; margin-top:0'><b>
	<font size="1">After 5 Years</font></b></p>
  </td>
  <td width="1%" valign=bottom style='width:1.2%;padding:0in 0in 0in 0in'>
  <p class=MsoNormal style="margin-top: 0; margin-bottom: 2px">&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:50%;background:#CCEEFF;padding:
  0in; '>
  <p><font size="2">Long-Term Debt (a)</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;
  padding:0in; '>
  <p><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;
  padding:0in; '>
  <p><font size="2">$</font></p>
  </td>
  <td valign=bottom style='width:7%;background:#CCEEFF;
  padding:0in; '>
  <p align=right style='text-align:right'><font size="2">101,050</font></p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;
  padding:0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;
  padding:0in; '>
  <p><font size="2">$</font></p>
  </td>
  <td valign=bottom style='width:7%;background:#CCEEFF;
  padding:0in; '>
  <p align=right style='text-align:right'><font size="2">18,333</font></p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;
  padding:0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;
  padding:0in; '>
  <p><font size="2">$</font></p>
  </td>
  <td valign=bottom style='width:6%;background:#CCEEFF;
  padding:0in; '>
  <p align=right style='text-align:right'><font size="2">26,480</font></p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;
  padding:0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;
  padding:0in; '>
  <p><font size="2">$</font></p>
  </td>
  <td valign=bottom style='width:7%;background:#CCEEFF;padding:
  0in; '>
  <p align=right style='text-align:right'><font size="2">27,576</font></p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;
  padding:0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;
  padding:0in; '>
  <p><font size="2">$</font></p>
  </td>
  <td valign=bottom style='width:7%;background:#CCEEFF;
  padding:0in; '>
  <p align=right style='text-align:right'><font size="2">28,661</font></p>
  </td>
  <td width="1%" valign=bottom style='width:1.2%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr style='height:15.0pt'>
  <td valign=top style='width:50%;padding:0in;
  height:15.0pt'>
  <p><font size="2">Interest Payments on Debt (b)</font></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in;
  height:15.0pt'>
  <p><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in;
  height:15.0pt'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:7%;padding:0in;
  height:15.0pt'>
  <p align=right style='text-align:right'><font size="2">10,806</font></p>
  </td>
  <td valign=bottom style='width:2%;padding:0in;
  height:15.0pt'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;padding:0in;
  height:15.0pt'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:7%;padding:0in;
  height:15.0pt'>
  <p align=right style='text-align:right'><font size="2">2,090</font></p>
  </td>
  <td valign=bottom style='width:2%;padding:0in;
  height:15.0pt'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;padding:0in;
  height:15.0pt'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:6%;padding:0in;
  height:15.0pt'>
  <p align=right style='text-align:right'><font size="2">4,894</font></p>
  </td>
  <td valign=bottom style='width:2%;padding:0in;
  height:15.0pt'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;padding:0in;
  height:15.0pt'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:7%;padding:0in;
  height:15.0pt'>
  <p align=right style='text-align:right'><font size="2">2,997</font></p>
  </td>
  <td valign=bottom style='width:2%;padding:0in;
  height:15.0pt'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;padding:0in;
  height:15.0pt'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:7%;padding:0in;
  height:15.0pt'>
  <p align=right style='text-align:right'><font size="2">825</font></p>
  </td>
  <td width="1%" valign=bottom style='width:1.2%;padding:0in 0in 0in 0in;
  height:15.0pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr style='height:15.0pt'>
  <td valign=top style='width:50%;background:#CCEEFF;padding:
  0in;height:15.0pt'>
  <p><font size="2">Operating Leases</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;
  padding:0in;height:15.0pt'>
  <p><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;
  padding:0in;height:15.0pt'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:7%;background:#CCEEFF;
  padding:0in;height:15.0pt'>
  <p align=right style='text-align:right'><font size="2">41,280</font></p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;
  padding:0in;height:15.0pt'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;
  padding:0in;height:15.0pt'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:7%;background:#CCEEFF;
  padding:0in;height:15.0pt'>
  <p align=right style='text-align:right'><font size="2">5,033</font></p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;
  padding:0in;height:15.0pt'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;
  padding:0in;height:15.0pt'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:6%;background:#CCEEFF;
  padding:0in;height:15.0pt'>
  <p align=right style='text-align:right'><font size="2">8,395</font></p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;
  padding:0in;height:15.0pt'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;
  padding:0in;height:15.0pt'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:7%;background:#CCEEFF;padding:
  0in;height:15.0pt'>
  <p align=right style='text-align:right'><font size="2">8,215</font></p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;
  padding:0in;height:15.0pt'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;
  padding:0in;height:15.0pt'>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='width:7%;background:#CCEEFF;
  padding:0in;height:15.0pt'>
  <p align=right style='text-align:right'><font size="2">19,637</font></p>
  </td>
  <td width="1%" valign=bottom style='width:1.2%;background:#CCEEFF;padding:
  0in 0in 0in 0in;height:15.0pt'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:50%;background:white;padding:0in; '>
  <p><font size="2">Purchase Obligation (c)</font></p>
  </td>
  <td valign=bottom style='width:1%;background:white;padding:
  0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:1%;border-bottom:
  1.0pt solid black;background:white;padding:0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:7%;border-bottom:
  1.0pt solid black;background:white;padding:0in; '>
  <p align=right style='text-align:right'><font size="2">10,126</font></p>
  </td>
  <td valign=bottom style='width:2%;background:white;padding:
  0in; '>
  <p><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:1%;border-bottom:
  1.0pt solid black;background:white;padding:0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:7%;border-bottom:
  1.0pt solid black;background:white;padding:0in; '>
  <p align=right style='text-align:right'><font size="2">10,038</font></p>
  </td>
  <td valign=bottom style='width:2%;background:white;padding:
  0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:2%;border-bottom:
  1.0pt solid black;background:white;padding:0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:6%;border-bottom:
  1.0pt solid black;background:white;padding:0in; '>
  <p align=right style='text-align:right'><font size="2">88</font></p>
  </td>
  <td valign=bottom style='width:2%;background:white;padding:
  0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:1%;border-bottom:
  1.0pt solid black;background:white;padding:0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:7%;border-bottom:
  1.0pt solid black;background:white;padding:0in; '>
  <p align=right style='text-align:right'><font size="2">-</font></p>
  </td>
  <td valign=bottom style='width:2%;background:white;padding:
  0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:1%;border-bottom:
  1.0pt solid black;background:white;padding:0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:7%;border-bottom:
  1.0pt solid black;background:white;padding:0in; '>
  <p align=right style='text-align:right'><font size="2">-</font></p>
  </td>
  <td width="1%" valign=bottom style='width:1.2%;background:white;padding:0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:50%;background:#CCEEFF;padding:
  0in; '>
  <p><font size="2">Total Contractual Obligations (d)</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;
  padding:0in; '>
  <p><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:1%;border-bottom:
  2.25pt double black;background:#CCEEFF;padding:0in; '>
  <p><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:7%;border-bottom:
  2.25pt double black;background:#CCEEFF;padding:0in; '>
  <p align=right style='text-align:right'><font size="2">163,262</font></p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;
  padding:0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:1%;border-bottom:
  2.25pt double black;background:#CCEEFF;padding:0in; '>
  <p><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:7%;border-bottom:
  2.25pt double black;background:#CCEEFF;padding:0in; '>
  <p align=right style='text-align:right'><font size="2">35,494</font></p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;
  padding:0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:2%;border-bottom:
  2.25pt double black;background:#CCEEFF;padding:0in; '>
  <p><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:6%;border-bottom:
  2.25pt double black;background:#CCEEFF;padding:0in; '>
  <p align=right style='text-align:right'><font size="2">39,857</font></p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;
  padding:0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:1%;border-bottom:
  2.25pt double black;background:#CCEEFF;padding:0in; '>
  <p><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:7%;border-bottom:
  2.25pt double black;background:#CCEEFF;padding:0in; '>
  <p align=right style='text-align:right'><font size="2">38,788</font></p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;
  padding:0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:1%;border-bottom:
  2.25pt double black;background:#CCEEFF;padding:0in; '>
  <p><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:7%;border-bottom:
  2.25pt double black;background:#CCEEFF;padding:0in; '>
  <p align=right style='text-align:right'><font size="2">49,123</font></p>
  </td>
  <td width="1%" valign=bottom style='width:1.2%;background:#CCEEFF;padding:
  0in 0in 0in 0in'>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
</table>

</div>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><b><i><font size="2">&nbsp;Commercial
Obligations</font></i></b></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<div align=center>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="90%"
 style='width:90.0%;border-collapse:collapse'>
 <tr>
  <td valign=bottom style='width:50%;padding:0in'>
  &nbsp;</td>
  <td valign=bottom style='width:1%;padding:0in; '>
  &nbsp;</td>
  <td colspan=14 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1px solid windowtext;padding:0in'>
  <p class=MsoNormal align=center style='margin-bottom:3px;text-align:center; margin-top:0'><b>
	<font size="1">Commitments Expiring Per Period</font></b></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; border-top-style:none; border-top-width:medium'>
  &nbsp;</td>
 </tr>
 <tr>
  <td valign=bottom style='width:50%;padding:0in'>
  <p style='margin-bottom:2px; margin-top:0'>&nbsp;</p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; '>
  <p class=MsoNormal style="margin-top: 0; margin-bottom: 2px">&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:8%;border-bottom:1.0pt solid windowtext;padding:0in; '>
  <p class=MsoNormal align=center style='margin-bottom:2px;text-align:center; margin-top:0'><b>
	<font size="1">Total</font></b></p>
  </td>
  <td valign=bottom style='width:2%;padding:0in; border-top-style:none; border-top-width:medium'>
  <p class=MsoNormal style='margin-bottom:2px; margin-top:0'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='width:8%;border-top:medium none windowtext;
  border-left:medium none;border-bottom:1.0pt solid windowtext;border-right:medium none;
  padding:0in'>
  <p class=MsoNormal align=center style='margin-bottom:2px;text-align:center; margin-top:0'><b>
	<font size="1">Less than 1 Year</font></b></p>
  </td>
  <td valign=bottom style='width:2%;padding:0in; border-top-style:none; border-top-width:medium'>
  <p class=MsoNormal style='margin-bottom:2px; margin-top:0'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='width:8%;border-top:medium none windowtext;
  border-left:medium none;border-bottom:1.0pt solid windowtext;border-right:medium none;
  padding:0in'>
  <p class=MsoNormal align=center style='margin-bottom:2px;text-align:center; margin-top:0'><b>
	<font size="1">1-3 Years</font></b></p>
  </td>
  <td valign=bottom style='width:2%;padding:0in; border-top-style:none; border-top-width:medium'>
  <p class=MsoNormal style='margin-bottom:2px; margin-top:0'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='width:8%;border-top:medium none windowtext;
  border-left:medium none;border-bottom:1.0pt solid windowtext;border-right:medium none;
  padding:0in'>
  <p class=MsoNormal align=center style='margin-bottom:2px;text-align:center; margin-top:0'><b>
	<font size="1">3-5 Years</font></b></p>
  </td>
  <td valign=bottom style='width:2%;padding:0in; border-top-style:none; border-top-width:medium'>
  <p class=MsoNormal style='margin-bottom:2px; margin-top:0'>&nbsp;</p>
  </td>
  <td colspan=2 valign=bottom style='width:8%;border-top:medium none windowtext;
  border-left:medium none;border-bottom:1.0pt solid windowtext;border-right:medium none;
  padding:0in'>
  <p class=MsoNormal align=center style='margin-bottom:2px;text-align:center; margin-top:0'><b>
	<font size="1">After 5 Years</font></b></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; border-top-style:none; border-top-width:medium'>
  <p class=MsoNormal style="margin-top: 0; margin-bottom: 2px">&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:50%;background:#CCEEFF;padding:
  0in'>
  <p><font size="2">Standby Letters of Credit (e)</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;
  padding:0in; '>
  <p><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:1%;border-bottom:
  1.0pt solid black;background:#CCEEFF;padding:0in; '>
  <p><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:7%;border-bottom:
  1.0pt solid black;background:#CCEEFF;padding:0in; '>
  <p align=right style='text-align:right'><font size="2">2,016</font></p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;
  padding:0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:2%;border-bottom:
  1.0pt solid black;background:#CCEEFF;padding:0in'>
  <p><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:6%;border-bottom:
  1.0pt solid black;background:#CCEEFF;padding:0in'>
  <p align=right style='text-align:right'><font size="2">1,946</font></p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;
  padding:0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:3%;border-bottom:
  1.0pt solid black;background:#CCEEFF;padding:0in'>
  <p><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:5%;border-bottom:
  1.0pt solid black;background:#CCEEFF;padding:0in'>
  <p align=right style='text-align:right'><font size="2">70</font></p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;
  padding:0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:1%;border-bottom:
  1.0pt solid black;background:#CCEEFF;padding:0in; '>
  <p><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:7%;border-bottom:
  1.0pt solid black;background:#CCEEFF;padding:0in; '>
  <p align=right style='text-align:right'><font size="2">-</font></p>
  </td>
  <td valign=bottom style='width:2%;background:#CCEEFF;padding:
  0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:2%;border-bottom:
  1.0pt solid black;background:#CCEEFF;padding:0in'>
  <p><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:6%;border-bottom:
  1.0pt solid black;background:#CCEEFF;padding:0in; '>
  <p align=right style='text-align:right'><font size="2">-</font></p>
  </td>
  <td valign=bottom style='width:1%;background:#CCEEFF;padding:
  0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:50%;padding:0in'>
  <p><font size="2">Total Commercial Commitments (d)</font></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; '>
  <p><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:1%;border-bottom:
  2.25pt double black;padding:0in; '>
  <p><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:7%;border-bottom:
  2.25pt double black;padding:0in; '>
  <p align=right style='text-align:right'><font size="2">2,016</font></p>
  </td>
  <td valign=bottom style='width:2%;padding:0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:2%;border-bottom:
  2.25pt double black;padding:0in'>
  <p><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:6%;border-bottom:
  2.25pt double black;padding:0in'>
  <p align=right style='text-align:right'><font size="2">1,946</font></p>
  </td>
  <td valign=bottom style='width:2%;padding:0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:3%;border-bottom:
  2.25pt double black;padding:0in'>
  <p><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:5%;border-bottom:
  2.25pt double black;padding:0in'>
  <p align=right style='text-align:right'><font size="2">70</font></p>
  </td>
  <td valign=bottom style='width:2%;padding:0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:1%;border-bottom:
  2.25pt double black;padding:0in; '>
  <p><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:7%;border-bottom:
  2.25pt double black;padding:0in; '>
  <p align=right style='text-align:right'><font size="2">-</font></p>
  </td>
  <td valign=bottom style='width:2%;padding:0in; '>
  <p>&nbsp;</p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:2%;border-bottom:
  2.25pt double black;padding:0in'>
  <p><font size="2">$</font></p>
  </td>
  <td valign=bottom style='border-left:medium none; border-right:medium none; border-top:medium none; width:6%;border-bottom:
  2.25pt double black;padding:0in; '>
  <p align=right style='text-align:right'><font size="2">-</font></p>
  </td>
  <td valign=bottom style='width:1%;padding:0in; '>
  <p class=MsoNormal>&nbsp;</p>
  </td>
 </tr>
</table>

</div>

<p class=MsoNormal align=center style='text-align:center; margin-top:0; margin-bottom:0'>&nbsp;</p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:33.75pt;
margin-bottom:.0001pt'><font size="2">(a) Included in long-term
debt is $4,616 outstanding under a revolving credit facility, which is
supported by the Revolver.</font></p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:33.75pt;
margin-bottom:.0001pt'><font size="2">(b) Future interest
payments related to debt obligations, excluding the Revolver and the industrial
development bonds.</font></p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:33.75pt;
margin-bottom:.0001pt'><font size="2">(c) Obligation to
purchase sand used in the Company's ready-mix operations in Hawaii.</font></p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:33.75pt;
margin-bottom:.0001pt'><font size="2">(d) The Company has no
capitalized lease obligations, guarantees, or standby repurchases obligations.</font></p>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:33.75pt;
margin-bottom:.0001pt'><font size="2">(e) Not included are
standby letters of credit totaling $16,067 supporting industrial development
bonds with principal of $15,700.&nbsp; The principal amount of the industrial
development bonds is included in long-term debt.&nbsp; The standby letters of
credit are issued under the Revolver.</font></p>
<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:33.75pt;
margin-bottom:.0001pt'>&nbsp;</p>

<p><b><font size="2">RESULTS OF OPERATIONS</font></b></p>

<p><b><u><font size="2">General</font></u></b></p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">Net
income totaled $18.7 million, or $2.11 per diluted share, on sales of $193.7
million for the quarter ended June 4, 2006, compared to net income of $5.3 million, or $.62 per diluted share, on sales of $176.2 million for the same period in
2005.&nbsp; All reportable segments other than the Water Transmission Group had
higher sales and profits due to improved market and business conditions.&nbsp;
Net income was higher in 2006 due to sales growth and included a $9.0 million
gain from the sale of property in Brea, California. &nbsp;Net income in the
second quarter of 2005 was lower partly due to unusual legal costs and expenses
of $6.1 million including the settlement of the McDermott lawsuit.&nbsp;Equity in
earnings of TAMCO, Ameron's 50%-owned steel venture in California, increased by
$1.3 million, compared to the second quarter of 2005.</font></p>

<b><font size="2"><br clear=all style='page-break-before:always'>
</font></b>

<HR align=center width="100%" color=#999999 SIZE=3>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>
<font size="2">AMERON INTERNATIONAL CORPORATION AND SUBSIDIARIES</font></b></p>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>
<font size="2">MANAGEMENT'S DISCUSSION AND ANALYSIS (Continued)</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt'><font size="2">Net
income totaled $22.3 million, or $2.53 per diluted share, on sales of $369.0
million for the six months ended June 4, 2006, compared to net income of $5.8 million, or $.68 per diluted share, on sales of $315.0 million for the
same period in 2005.&nbsp; All segments had significantly higher sales, except
the Water Transmission Group which had flat sales.&nbsp;Much of the sales improvement
came from the Fiberglass-Composite Pipe Group, which continued to benefit from
the robust oil market.&nbsp;All operating segments other than the Water
Transmission Group had higher segment income due to higher sales.&nbsp; Net
income was higher due primarily to sales growth, the gain from the sale of the Brea property and the higher legal costs and expenses of $6.5 million in 2005.
&nbsp;Equity in earnings of TAMCO, increased by $1.5 million, compared to the
same period in 2005.</font></p>

<p><b><u><font size="2">Sales</font></u></b></p>

<p class=MsoNormal><font size="2">Sales increased $17.5 million
in the second quarter of 2006, compared to the similar period in 2005. &nbsp;Year-to-date
sales increased $54.0 million in 2006, compared to the first six months of
2005.&nbsp;All segments, except the Water Transmission Group, had higher sales in the second quarter
and first half of 2006 due to improved demand, project timing and price
increases, offset partially by the impact of foreign exchange rates on the sales
of the Company's foreign coatings and fiberglass pipe operations.</font></p>

<p class=MsoNormal><font size="2">Sales of the Performance
Coatings &amp; Finishes Group increased $7.0 million, or 12.9%, in the second
quarter, and $14.4 million, or 14.9%, in the first half of 2006, compared to
the same periods of 2005.&nbsp; The quarterly and year-to-date sales
improvement was primarily due to volume and price increases in&nbsp;the U.S.&nbsp; Both the U.S. and Europe are seeing increased business activity in the marine
and protective coatings market segments.&nbsp; Looking forward, market
conditions continue to improve, and the Performance Coatings &amp; Finishes
Group should benefit.</font></p>

<p class=MsoNormal><font size="2">Fiberglass-Composite Pipe's
sales increased $13.9 million, or 43.1%, in the second quarter, and $24.1
million, or 41.0%, in the first half of 2006, compared to the similar periods
of 2005.&nbsp; Sales from operations in the U.S. increased $8.3 million and
$13.6 million for the second quarter and six months of 2006 due to increasing demand
for onshore oilfield piping and activity in the marine and offshore markets.&nbsp;
Sales from Asian operations increased $7.2 million and $11.5 million for the
second quarter and six months of 2006, driven most recently by increasing
activity in the marine and offshore segment.&nbsp; Sales in Europe increased
$3.1 million and $5.0 million for the second quarter and six months of 2006 due
to volume growth in industrial and marine markets.&nbsp; Intrasegment sales also
increased $4.7 million and $6.0 million for the second quarter and six months of
2006.&nbsp; The strong demand for
oilfield and marine piping continues to be driven by high oil prices and the
high cost of steel piping, the principal substitute for fiberglass pipe.&nbsp;
The outlook for the Fiberglass Composite Pipe Group remains favorable.</font></p>

<p class=MsoNormal><font size="2">The Water Transmission
Group's sales decreased $8.2 million, or 17.7%, in the second quarter, and were
flat in the first half of 2006, compared to the similar periods in 2005.&nbsp;
The Water Transmission Group benefited from a major sewer pipe project in Northern California throughout 2005, which was completed in the first quarter of 2006.&nbsp;
Revenue is recognized in the Water Transmission Group primarily under the
percentage-of-completion method and is subject to a certain level of
estimation, which affects the timing of revenue recognition, costs and
profits.&nbsp; Estimates are reviewed on a consistent basis and are adjusted
when actual results are expected to significantly differ from those
estimates.&nbsp; The Water Transmission Group entered 2006 with a lower backlog
due to completion of most of the major sewer project in Northern California in
2005.&nbsp; Market conditions remain soft due to fiscal constraints and
continuation of a short-term cyclical slowdown in water infrastructure projects
in the Company's markets.</font></p>

<p class=MsoNormal><font size="2">Infrastructure Products'
sales increased $5.1 million, or 11.6%, in the second quarter, and $15.9
million, or 20.1%, in the first half of 2006, compared to the similar periods
in 2005.&nbsp; Higher demand for concrete and steel poles was due principally
to the continued strong housing market and improved market penetration,
particularly in the southeast U.S.&nbsp; Ameron's Hawaiian operation had higher
sales due to the continued strength of the governmental, commercial and
residential construction markets on Oahu and Maui.&nbsp; The forecast for the
Infrastructure Products Group remains favorable.</font></p>

<p style='margin:0in;margin-bottom:.0001pt'><b><u><font size="2">Gross
Profit</font></u></b></p>

<p class=MsoNormal><font size="2">Gross profit in the second
quarter of 2006 was $51.9 million, or 26.8% of sales, compared to $44.8
million, or 25.4% of sales, in the second quarter of 2005.&nbsp; Year-to-date gross
profit of 2006 was $93.8 million, or 25.4% of sales, compared to $77.8 million,
or 24.7% of sales for the same period of 2005.&nbsp;Gross profit increased $7.1
million and $16.0 million, respectively, in the second quarter and six months
ended June 4, 2006 due to higher sales and improved margins in all segments
except for Water Transmission Group.</font></p>

<p class=MsoNormal><font size="2">The Performance Coatings
&amp; Finishes Group had increased gross profit of $2.8 million in the second
quarter and $6.0 million for the first half of 2006, compared to the same
periods of 2005.&nbsp; Profit margins improved to 28.0% for the quarter and
27.6% for the first six months, compared to 26.5% for the quarter and 25.4% for
the first half of 2005.&nbsp; Increased sales volume generated additional gross
profit of $1.9 million for the quarter and $3.6 million for the first six
months in 2006, while higher margins related principally to price increases
generated additional gross profit of $.9 million for the quarter and $2.4
million for the first half in 2006.</font></p>

<b><font size="2"><br clear=all style='page-break-before:always'>
</font></b>

<HR align=center width="100%" color=#999999 SIZE=3>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>
<font size="2">AMERON INTERNATIONAL CORPORATION AND SUBSIDIARIES</font></b></p>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>
<font size="2">MANAGEMENT'S DISCUSSION AND ANALYSIS (Continued)</font></b></p>

<p class=MsoNormal><font size="2">Fiberglass-Composite Pipe
Group's gross profit increased $5.7 million in the second quarter and $7.7
million for the first half of 2006, compared to the same periods of 2005.&nbsp;
Profit margins changed to 34.0% in the quarter and 32.3% for the first six
months, compared to 31.0% for the quarter and 32.5% for the first half of 2005.&nbsp;
Margins were higher in the second quarter due to an improvement in product and
market mix.&nbsp;Increased sales volume generated additional gross profit of $4.3 million
for the quarter and $7.8 million for the first six months in 2006.&nbsp; The
unfavorable mix earlier in 2006 was primarily due to volume growth in the
international industrial markets and higher sales in the onshore oilfield market.
&nbsp;The situation improved in the second quarter due to price increases
implemented throughout 2006.</font></p>

<p class=MsoNormal><font size="2">Water Transmission Group's
gross profit decreased $5.4 million in the second quarter and $5.7 million for
the first half of 2006, compared to the same periods of 2005.&nbsp; Profit margins
declined to 16.6% in the quarter and 16.1% for the first six months compared to
25.5% for the quarter and 23.2% for the first half of 2005.&nbsp; Lower sales
volume decreased profit by $2.1 million&nbsp;for the quarter, while lower margins reduced gross
profit by $3.3 million for the quarter and $5.7 million for the first half of
2006.&nbsp; Margins were unfavorably impacted by the mix of contract margins
and start-up costs associated with the introduction of wind towers.</font></p>

<p class=MsoNormal><font size="2">Gross profit in the
Infrastructure Products Group increased $2.2 million in the second quarter and
$6.3 million for the first half of 2006, compared to the same periods of 2005.&nbsp;
Profit margins improved to 23.3% for the quarter and the first six months
compared to 21.0% for the quarter and 20.1% for the first half in 2005.&nbsp;
Increased sales volume generated additional gross profit of $1.1 million for
the quarter and $3.2 million for the first six months in 2006, while higher
margins generated additional gross profit of $1.1 million for the quarter and
$3.1 million for the first half in 2006.&nbsp;Higher margins were driven by price
increases and operating efficiencies due to increased production levels.</font></p>

<p><b><u><font size="2">Selling, General and Administrative
Expenses</font></u></b></p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">Selling,
general and administrative (&quot;SG&amp;A&quot;) expenses totaled $38.4
million, or 19.8% of sales, in the second quarter of 2006, compared to $40.0
million, or 22.7% of sales, in the second quarter of 2005.&nbsp; The $1.6
million decrease included higher incentive and stock compensation expenses of
$1.4 million, and higher commission and administrative expenses associated with
higher sales of $3.1 million offset by lower legal fees and settlement costs of
$6.1 million incurred in 2005.</font></p>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">For
the six months ended June 4, 2006, SG&amp;A expenses totaled $75.9 million, or
20.5% of sales, compared to $73.0 million, or 23.3% of sales in the same period
in 2005.&nbsp;The $2.9 million increase included higher incentive and stock compensation
expenses of $4.1 million, and higher commission and administrative expenses of
$5.3 million associated with higher sales offset by lower legal fees and
settlement costs of $6.5 million incurred in 2005.</font></p>

<p><b><u><font size="2">Other Income</font></u></b></p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">Other
income increased from $.8 million in the second quarter of 2005 to $10.2
million in the second quarter of 2006.&nbsp; Other income increased from $2.0
million in the first half of 2005 to $11.2 million in the first half of 2006.&nbsp;
Other income included royalties and fees from licensees, foreign currency
transaction losses, and other miscellaneous income.&nbsp; Also included in
other income was the $9.0 million gain from the sale of the Brea property in
the second quarter of 2006. </font> </p>

<p><b><u><font size="2">Interest</font></u></b></p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">Net
interest expense totaled $.9 million in the second quarter of 2006, compared to
$1.1 million in the first quarter of 2005.&nbsp; Net interest expense was $1.8
million in the first half of 2006, compared to $2.5 million in the first half
of 2005.&nbsp;The decrease in net interest expense was due to higher interest income
from short-term investments.</font></p>

<p><b><u><font size="2">Provision for Income Taxes</font></u></b></p>

<p class=MsoNormal style='line-height:12.0pt;text-autospace:none'>
<font size="2">Income taxes increased to $7.9
million in the second quarter of 2006 from $1.7 million in the second quarter
of 2005. Income taxes increased to $9.5 million in the first half of 2006,
compared to $1.7 million in the comparable period of 2005. The effective tax
rate decreased to 35% in first half of 2006 from 38% for the fiscal year 2005.
The effective tax in 2006 was lower due to a tax benefit of $1.1 million
recorded in the second quarter of 2006 primarily as a result of&nbsp;the settlement
of the 1996 - 1998 IRS examination and approval of the Company's research and development credit
refund claims by the Congressional Joint Committee on Taxation. The effective
tax rate for the first half of 2006 is also based on forecasted full-year
earnings and the anticipated mix of domestic and foreign earnings. Income from
certain foreign operations and joint ventures is taxed at rates that are lower
than the U.S. statutory tax rates. The effective tax rate for the first half of
2006 is not necessarily indicative of the effective tax rate for the full
fiscal year.</font></p>

<b><font size="2"><br clear=all style='page-break-before:always'>
</font></b>

<HR align=center width="100%" color=#999999 SIZE=3>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>
<font size="2">AMERON INTERNATIONAL CORPORATION AND SUBSIDIARIES</font></b></p>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>
<font size="2">MANAGEMENT'S DISCUSSION AND ANALYSIS (Continued)</font></b></p>

<p><b><u><font size="2">Equity in Earnings of Joint Venture, Net
of Taxes</font></u></b></p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">Equity
in earnings of joint venture increased to $3.8 million in the second quarter of
2006, compared to $2.5 million in 2005.&nbsp; Equity income increase to $4.6
million in the first half of 2006, compared to $3.1 million in the same period
of 2005.&nbsp;Equity income increased due to TAMCO,&nbsp;Ameron's 50%-owned
mini-mill in California.&nbsp; TAMCO's second quarter and first half profits
rose due to increased demand for steel rebar and higher selling prices.&nbsp;
The outlook for TAMCO remains positive.</font></p>

<b><font size="2"><br clear=all style='page-break-before:always'>
</font></b>

<HR align=center width="100%" color=#999999 SIZE=3>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>
<font size="2">AMERON INTERNATIONAL CORPORATION AND SUBSIDIARIES</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><b><font size="2">Item
3.&nbsp;&nbsp;Quantitative and Qualitative Market Risk Disclosure</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">No
material changes have occurred in the quantitative and qualitative market risk
disclosure of the Company as presented in Ameron's&nbsp;2005 Annual Report.</font></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><b><font size="2">Item
4.&nbsp; Controls and Procedures</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><b><font size="2">Evaluation
of Disclosure Controls and Procedure - </font> </b><font size="2">Management
has established disclosure controls and procedures to ensure that information required
to be disclosed by the Company in the reports that it files or submits under
the Exchange Act is recorded, processed, summarized and reported, within the
time periods specified in the Commission's rules and forms and that such
information relating to the Company, including its consolidated subsidiaries,
is accumulated and communicated to our management, including the Chief
Executive Officer and Chief Financial Officer, as appropriate, to allow timely
decisions regarding required disclosures</font></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">Based
on their evaluation as of June 4, 2006, the principal executive officer and principal financial officer of the Company have concluded that the Company's
disclosure controls and procedures (as defined in Rules&nbsp;13a-15(e) and
15d-15(e) under the Securities Exchange Act of 1934) are effective to ensure
that the information required to be disclosed by the Company in the reports
that it files or submits under the Securities Exchange Act of 1934 is recorded,
processed, summarized and reported within the time periods specified in SEC
rules and forms, and is accumulated and communicated to management, including
the Chief Executive Officer and Chief Financial Officer, as appropriate to
allow timely decisions regarding required disclosure.</font></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">There
has been no change in the Company's internal control over financial reporting
that occurred during the last fiscal quarter covered by this report that has
materially affected, or is reasonably likely to materially affect, the
Company's internal control over financial reporting.</font></p>

<p><i><font size="2">CAUTIONARY STATEMENT FOR PURPOSES OF THE
&quot;SAFE HARBOR&quot; PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM
ACT OF 1995</font></i></p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">Any
of the above statements that refer to the Company's forecasted, estimated or
anticipated future results are forward-looking and reflect the Company's
current analysis of existing trends and information.&nbsp; Actual results may
differ from current expectations based on a number of factors affecting
Ameron's businesses, including competitive conditions and changing market
conditions.&nbsp; Matters affecting the economy generally, including the state
of economies worldwide, can affect the Company's results.&nbsp; These
forward-looking statements represent the Company's judgment only as of the date
of this report.&nbsp; Since actual results could differ materially, the reader
is cautioned not to rely on these forward-looking statements.&nbsp; Moreover,
the Company disclaims any intent or obligation to update these forward looking
statements.</font></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><b><font size="2">PART
II.&nbsp; OTHER INFORMATION </font> </b></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><b><font size="2">Item
1.&nbsp; Legal Proceedings</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">The
Company is one of numerous defendants in various asbestos-related personal
injury lawsuits.&nbsp; These cases generally seek unspecified damages for
asbestos-related diseases based on alleged exposure to products previously
manufactured by the Company and others, and at this time the Company is
generally not aware of the extent of injuries allegedly suffered by the
individuals or the facts supporting the claim that injuries were caused by the
Company's products.&nbsp; Based upon the information available to it at this
time, the Company is not in a position to evaluate its potential exposure, if any,
as a result of such claims or future similar claims, if any, that may be
filed.&nbsp; Hence, no amounts have been accrued for loss contingencies related
to these lawsuits in accordance with SFAS No. 5, &quot;Accounting for
Contingencies.&quot;&nbsp; The Company continues to vigorously defend all such
lawsuits.&nbsp; As of June 4, 2006, the Company was a defendant in
asbestos-related cases involving&nbsp;924 claimants,
compared to 2,642 claimants as of March 5, 2006.&nbsp; The Company is not in a position to estimate the number of additional claims that may be filed
against it in the future.&nbsp; For the quarter ended June 4, 2006, there were four new claimants, dismissals and/or settlements involving&nbsp;1,722
claimants, and no judgments.&nbsp; Net costs and expenses incurred by the
Company during the quarter ended June 4, 2006 in connection with asbestos-related claims were less than $.1 million.</font></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">The
Company is one of numerous defendants in various silica-related personal injury
lawsuits.&nbsp; These cases generally seek unspecified damages for silica-related
diseases based on alleged exposure to products previously manufactured by the
Company and others, and at this time the Company is not aware of the extent of
injuries allegedly suffered by the individuals or the facts supporting the
claim that injuries were&nbsp;caused by the Company's products.&nbsp; Based
upon the information available to it at this time, the Company is not in a
position to evaluate its potential exposure, if any, as a result of such claims
or future similar claims, if any, that may be filed.&nbsp;&nbsp;Hence, no
amounts have been accrued for loss contingencies related to these lawsuits in
accordance with&nbsp; SFAS No. 5.&nbsp; The Company continues
to vigorously defend all such lawsuits.&nbsp; As of June 4, 2006,&nbsp;the Company was a defendant in silica-related cases involving&nbsp;241 claimants,
compared to 2,543 claimants as of March 5, 2006.&nbsp; The Company is not in a position to estimate the number of
additional claims that may be filed against it in the future.&nbsp; For the quarter
ended June 4, 2006, there were no new claimants, dismissals and/or settlements
involving&nbsp;2,302 claimants, and

<b><font size="2"><br clear=all style='page-break-before:always'>
</font></b>

<HR align=center width="100%" color=#999999 SIZE=3>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>
<font size="2">AMERON INTERNATIONAL CORPORATION AND SUBSIDIARIES</font></b></p>

&nbsp;<p>no judgments.&nbsp; Net costs and expenses
incurred by the Company&nbsp;during the quarter ended June 4, 2006 in connection with silica-related claims were less than $.3 million.</font></p>
</p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><b><font size="2">Item
2.&nbsp; Unregistered Sales of Equity Securities and Use of Proceeds</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">Terms
of lending agreements place restrictions on cash dividends, stock repurchases,
borrowings, investments and guarantees. Under the most restrictive provisions
of these agreements, approximately $26.0&nbsp;million
of consolidated retained earnings were not restricted at June 4, 2006.</font></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>
<font size="2">ISSUER PURCHASES OF EQUITY SECURITIES</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<div align=center>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="95%"
 style='width:95.0%;border-collapse:collapse'>
 <tr>
  <td valign=bottom style='border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal style='margin-bottom:2px; margin-top:0'><b><font size="1">Period</font></b></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p class=MsoNormal style="margin-bottom: 2px; margin-top:0"><font size="1">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=center style='margin-bottom:2px;text-align:center; margin-top:0'><b>
	<font size="1">(a)&nbsp;Total&nbsp;Number<br>
  of Shares (or Units)<br>
  Purchased</font></b></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p class=MsoNormal style="margin-bottom: 2px; margin-top:0"><font size="1">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=center style='margin-bottom:2px;text-align:center; margin-top:0'><b>
	<font size="1">(b) Average<br>
  Price&nbsp;Paid&nbsp;per<br>
  Share (or Unit)</font></b></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p class=MsoNormal style="margin-bottom: 2px; margin-top:0"><font size="1">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=center style='margin-bottom:2px;text-align:center; margin-top:0'><b>
	<font size="1">(c) Number of<br>
  Shares (or Units)&nbsp;Purchased&nbsp;as<br>
  Part of Publicly<br>
  Announced Plans or<br>
  Programs</font></b></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p class=MsoNormal style="margin-bottom: 2px; margin-top:0"><font size="1">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=center style='margin-bottom:2px;text-align:center; margin-top:0'><b>
	<font size="1">(d)&nbsp;Maximum&nbsp;Number&nbsp;(or Approximate
  Dollar Value)<br>
  of Shares (or Units) that May Yet Be<br>
  Purchased under the Plans or<br>
  Programs*</font></b></p>
  </td>
 </tr>
 <tr>
  <td valign=top style='border:none;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p><font size="2">3/6/06 to 4/2/06</font></p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='border:none;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p align=center style='text-align:center'><font size="2">8,080</font></p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='border:none;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p align=center style='text-align:center'><font size="2">$61.12</font></p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='border:none;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p align=center style='text-align:center'><font size="2">-</font></p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='border:none;background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p align=center style='text-align:center'><font size="2">40,924</font></p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding:0in 0in 0in 0in'>
  <p><font size="2">4/3/06 to 5/7/06</font></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p align=center style='text-align:center'><font size="2">-</font></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p align=center style='text-align:center'><font size="2">N/A</font></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p align=center style='text-align:center'><font size="2">-</font></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p align=center style='text-align:center'><font size="2">40,924</font></p>
  </td>
 </tr>
 <tr>
  <td valign=top style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p><font size="2">5/8/06 to 6/4/06</font></p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p align=center style='text-align:center'><font size="2">-</font></p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p align=center style='text-align:center'><font size="2">N/A</font></p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p align=center style='text-align:center'><font size="2">-</font></p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td valign=bottom style='background:#CCEEFF;padding:0in 0in 0in 0in'>
  <p align=center style='text-align:center'><font size="2">40,924</font></p>
  </td>
 </tr>
</table>

</div>

<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:18.75pt;
margin-bottom:.0001pt'><font size="2"><br>
*&nbsp;Shares may be repurchased by the Company to pay taxes applicable to the
vesting of restricted stock.&nbsp; The number of shares does not
include shares which may be repurchased to pay social security taxes applicable
to the vesting of such restricted stock. </font> </p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><b><font size="2">Item
4.&nbsp; Submission of Matters to a Vote of Security Holders</font></b></p>

<p class=MsoNormal><font size="2">The following matters were
submitted to a vote of security holders during the Company's annual meeting of
shareholders held on March 22, 2006 and the results were as follows:</font></p>

<p class=MsoNormal style='margin-left:.5in'><b><i><font size="2">Election
of Directors</font></i></b></p>

<div align=center>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="65%"
 style='width:65.0%;border-collapse:collapse'>
 <tr style='height:11.25pt'>
  <td valign=top style='padding:0in;'>&nbsp;</td>
  <td valign=top style='padding:0in;'>
  <p class=MsoNormal style='margin-bottom:2px; margin-top:0'>&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; '>
  <p class=MsoNormal style='margin-bottom:2px; margin-top:0' align="center"><b><font size="1">Votes Cast</font></b></p>
	<p class=MsoNormal style='margin-bottom:2px; margin-top:0' align="center"><b>
	<font size="1">For</font></b></p>
  </td>
  <td valign=top style='padding:0in;' align="center">
  <p class=MsoNormal style="margin-bottom: 2px; margin-top:0" align="left">&nbsp;</p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; border-bottom:1.0pt solid windowtext; padding:0in; ' align="center">
  <p class=MsoNormal style='margin-bottom:2px; margin-top:0'><b><font size="1">Votes</font></b></p>
	<p class=MsoNormal style='margin-bottom:2px; margin-top:0'><b><font size="1">Withheld</font></b></p>
  </td>
  <td valign=top style='padding:0in;
  '>
  <p class=MsoNormal style="margin-bottom: 2px; margin-top:0">&nbsp;</p>
  </td>
 </tr>
 <tr style='height:14.25pt'>
  <td width=438 valign=bottom style='width:328.5pt;padding:0in 0in 0in 0in;
  height:14.25pt'>
  <p><font size="2">Terry L. Haines</font></p>
  </td>
  <td width=12 valign=bottom style='width:9.0pt;padding:0in 0in 0in 0in;
  height:14.25pt'>
  <p><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=71 valign=bottom style='width:52.95pt;padding:0in 0in 0in 0in;
  height:14.25pt'>
  <p align=right style='text-align:right'><font size="2">7,302,249</font></p>
  </td>
  <td width=13 valign=bottom style='width:10.05pt;padding:0in 0in 0in 0in;
  height:14.25pt'>
  <p>&nbsp;</p>
  </td>
  <td width=69 valign=bottom style='width:51.85pt;padding:0in 0in 0in 0in;
  height:14.25pt'>
  <p align=right style='text-align:right'><font size="2">491,086</font></p>
  </td>
  <td width=9 valign=bottom style='width:6.65pt;padding:0in 0in 0in 0in;
  height:14.25pt'>
  <p>&nbsp;</p>
  </td>
 </tr>
 <tr style='height:14.25pt'>
  <td width=438 valign=bottom style='width:328.5pt;padding:0in 0in 0in 0in;
  height:14.25pt'>
  <p><font size="2">John E. Peppercorn</font></p>
  </td>
  <td width=12 valign=bottom style='width:9.0pt;padding:0in 0in 0in 0in;
  height:14.25pt'>
  <p>&nbsp;</p>
  </td>
  <td width=71 valign=bottom style='width:52.95pt;padding:0in 0in 0in 0in;
  height:14.25pt'>
  <p align=right style='text-align:right'><font size="2">7,697,703</font></p>
  </td>
  <td width=13 valign=bottom style='width:10.05pt;padding:0in 0in 0in 0in;
  height:14.25pt'>
  <p>&nbsp;</p>
  </td>
  <td width=69 valign=bottom style='width:51.85pt;padding:0in 0in 0in 0in;
  height:14.25pt'>
  <p align=right style='text-align:right'><font size="2">95,632</font></p>
  </td>
  <td width=9 valign=bottom style='width:6.65pt;padding:0in 0in 0in 0in;
  height:14.25pt'>
  <p>&nbsp;</p>
  </td>
 </tr>
</table>

</div>

<p class=MsoNormal><font size="2">Other directors whose terms
of office continued after the meeting are:&nbsp;James S. Marlen, David Davenport,
J. Michael Hagan, and Dennis C. Poulsen.</font></p>

<p class=MsoNormal style='margin-left:.5in'><b><i><font size="2">Ratification
of Independent Registered Public Accounting Firm</font></i></b></p>

<div align=center>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="65%"
 style='width:65.0%;border-collapse:collapse'>
 <tr style='height:14.25pt'>
  <td width=524 valign=bottom style='width:392.7pt;padding:0in 0in 0in 0in;
  height:14.25pt'>
  <p><font size="2">Ratification of PricewaterhouseCoopers LLP,
  as independent registered public accounting firm:</font></p>
  </td>
  <td width=14 valign=bottom style='width:10.2pt;padding:0in 0in 0in 0in;
  height:14.25pt'>
  <p>&nbsp;</p>
  </td>
  <td width=75 valign=bottom style='width:56.1pt;border:none;border-bottom:
  solid windowtext 1.0pt;padding:0in 0in 0in 0in;height:14.25pt'>
  <p class=MsoNormal align=center style='text-align:center; margin-top:0; margin-bottom:2px'><b><font size="1">Votes</font></b></p>
  </td>
 </tr>
 <tr style='height:14.25pt'>
  <td width=524 valign=bottom style='width:392.7pt;padding:0in 0in 0in 0in;
  height:14.25pt'>
  <p style='margin-left:13.5pt'><font size="2">For:</font></p>
  </td>
  <td width=14 valign=bottom style='width:10.2pt;padding:0in 0in 0in 0in;
  height:14.25pt'>
  <p><font size="2">&nbsp;&nbsp;</font></p>
  </td>
  <td width=75 valign=bottom style='width:56.1pt;border:none;padding:0in 0in 0in 0in;
  height:14.25pt'>
  <p align=right style='text-align:right'><font size="2">7,672,604</font></p>
  </td>
 </tr>
 <tr style='height:14.25pt'>
  <td width=524 valign=bottom style='width:392.7pt;padding:0in 0in 0in 0in;
  height:14.25pt'>
  <p style='margin-left:13.5pt'><font size="2">Against:</font></p>
  </td>
  <td width=14 valign=bottom style='width:10.2pt;padding:0in 0in 0in 0in;
  height:14.25pt'>
  <p>&nbsp;</p>
  </td>
  <td width=75 valign=bottom style='width:56.1pt;padding:0in 0in 0in 0in;
  height:14.25pt'>
  <p align=right style='text-align:right'><font size="2">96,527</font></p>
  </td>
 </tr>
 <tr style='height:14.25pt'>
  <td width=524 valign=bottom style='width:392.7pt;padding:0in 0in 0in 0in;
  height:14.25pt'>
  <p style='margin-left:13.5pt'><font size="2">Abstentions:</font></p>
  </td>
  <td width=14 valign=bottom style='width:10.2pt;padding:0in 0in 0in 0in;
  height:14.25pt'>
  <p>&nbsp;</p>
  </td>
  <td width=75 valign=bottom style='width:56.1pt;padding:0in 0in 0in 0in;
  height:14.25pt'>
  <p align=right style='text-align:right'><font size="2">24,203</font></p>
  </td>
 </tr>
</table>

</div>

<p style='margin:0in;margin-bottom:.0001pt'><b><font size="2">&nbsp;</font></b></p>

<b><font size="2"><br clear=all
style='page-break-before:always'>
</font>
</b>

<HR align=center width="100%" color=#999999 SIZE=3>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>
<font size="2">AMERON INTERNATIONAL CORPORATION AND SUBSIDIARIES</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt'><b><font size="2">&nbsp;</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt'><b><font size="2">&nbsp;</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt'><b><font size="2">Item
6.&nbsp; Exhibits and Reports on Form 8-K</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt'><font size="2">(a)
EXHIBITS:</font></p>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'>&nbsp;</p>

<div align=center>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="90%"
 style='width:90.0%;border-collapse:collapse'>
 <tr style='page-break-inside:avoid'>
  <td width="7%" colspan=2 valign=bottom style='width:7.0%;border:none;
  border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=center style='margin-bottom:2.0pt;text-align:center; margin-top:0'><b>
	<font size="2">EXHIBIT</font></b></p>
  </td>
  <td valign=bottom style='padding:0in 0in 0in 0in'>
  <p class=MsoNormal style='margin-bottom:2.0pt; margin-top:0'>&nbsp;</p>
  </td>
  <td width="7%" valign=bottom style='width:7.0%;border:none;border-bottom:
  solid windowtext 1.0pt;padding:0in 0in 0in 0in'>
  <p class=MsoNormal align=center style='margin-bottom:2.0pt;text-align:center; margin-top:0'><b>
	<font size="2">EXHIBITS OF AMERON</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="3%" valign=bottom style='width:3.94%;border:none;padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td width="4%" valign=bottom style='width:4.0%;border:none;padding:0in 0in 0in 0in'>
  <p><font size="2">31.1</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td width="91%" valign=bottom style='width:91.0%;border:none;padding:0in 0in 0in 0in'>
  <p><font size="2">Section&nbsp;302 Certification of Chief
  Executive Officer</font></p>
  </td>
 </tr>
 <tr>
  <td width="3%" valign=bottom style='width:3.94%;padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td width="4%" valign=bottom style='width:4.0%;padding:0in 0in 0in 0in'>
  <p><font size="2">31.2</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td width="91%" valign=bottom style='width:91.0%;padding:0in 0in 0in 0in'>
  <p><font size="2">Section&nbsp;302 Certification of Chief
  Financial Officer</font></p>
  </td>
 </tr>
 <tr>
  <td width="3%" valign=bottom style='width:3.94%;padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td width="4%" valign=bottom style='width:4.0%;padding:0in 0in 0in 0in'>
  <p><font size="2">32</font></p>
  </td>
  <td width="2%" valign=bottom style='width:2.0%;padding:0in 0in 0in 0in'>
  <p>&nbsp;</p>
  </td>
  <td width="91%" valign=bottom style='width:91.0%;padding:0in 0in 0in 0in'>
  <p><font size="2">Section&nbsp;906 Certification of Chief
  Executive Officer and Chief Financial Officer *</font></p>
  </td>
 </tr>
</table>

</div>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p class=style0 style='margin-top:7.5pt;margin-right:0in;margin-bottom:7.5pt;
margin-left:0in'><font size="2">(b) REPORTS ON FORM 8-K</font></p>

<p class=style0 style='margin-top:7.5pt;margin-right:0in;margin-bottom:7.5pt;
margin-left:0in'><font size="2">Two reports on Form 8-K were
filed by the Company during the second quarter of 2006 as follows:</font></p>

<p class=style0 style='margin-top:7.5pt;margin-right:0in;margin-bottom:7.5pt;
margin-left:0in'><font size="2">March 23, 2006 reporting the Company's quarterly dividend of $.20
per share, as reported in a press release dated March 23, 2006.</font></p>

<p class=style0 style='margin-top:7.5pt;margin-right:0in;margin-bottom:7.5pt;
margin-left:0in'><font size="2">March 23, 2006 reporting the grant of restricted stock to each of
the non-employee directors, the amendment of the By-Laws to reduce the number
of directors, the decision of one Director not to stand for re-election at the
2006 Annual Meeting of Stockholders due to personal reasons, and to report the
Company's results of operations for the first quarter ended March 5, 2006, as reported in a press release dated March 22, 2006.</font></p>

<p class=style0><font size="2">* A signed original of this
written statement required by Section 906 has been provided to Ameron International
Corporation and will be retained by Ameron International Corporation and
furnished to the Securities and Exchange Commission or its staff upon request.</font></p>

<b><font size="2"><br clear=all style='page-break-before:always'>
</font></b>

<HR align=center width="100%" color=#999999 SIZE=3>

<p align=center style='margin:0in;margin-bottom:.0001pt;text-align:center'><b>
<font size="2">SIGNATURE PAGE</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt'>&nbsp;</p>

<p class=style0><font size="2">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.</font></p>

<p class=style0 align=center style='text-align:center'><b><font size="2">AMERON INTERNATIONAL CORPORATION</font></b></p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="95%"
 style='width:95.0%;border-collapse:collapse'>
 <tr>
  <td width="4%" valign=top style='width:4.0%;padding:0in 0in 0in 0in'>
  <p class=style0><i><font size="2">By: </font> </i></p>
  </td>
  <td width="65%" valign=top style='width:65.0%;border:none;border-bottom:solid windowtext 1.0pt;
  padding:0in 0in 0in 0in'>
  <p class=style0><i><font size="2">&nbsp;/s/ James R.
  McLaughlin</font></i></p>
  </td>
  <td width="30%" valign=top style='width:30.0%;padding:0in 0in 0in 0in'>
  <p class=style0>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign=top style='width:4.0%;padding:0in 0in 0in 0in'>
  <p class=style0><i><font size="2">&nbsp;</font></i></p>
  </td>
  <td width="96%" colspan=2 valign=top style='width:96.0%;padding:0in 0in 0in 0in'>
  <p class=style0><i><font size="2">James R. McLaughlin, Senior
  Vice President, Chief Financial Officer &amp; Treasurer</font></i></p>
  </td>
 </tr>
</table>

<p class=style0><font size="2">Date: July 13, 2006</font></p>

<p class=MsoNormal>&nbsp;</p>

</div>

</body>

</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-31.1
<SEQUENCE>2
<FILENAME>amn_exhibit311v01.htm
<DESCRIPTION>CERTIFICATION BY CEO
<TEXT>
<HTML>

<HEAD>
<META content="text/html; charset=windows-1252">
<TITLE>EXHIBIT 31</TITLE>
</HEAD>

<BODY>

<p class=Style0 align=right style='text-align:right'><b><FONT size="2">EXHIBIT 31.1</FONT></b></p>

<p class=Style0 align=center style='text-align:center'><b><u><FONT size="2">SECTION&nbsp;302
CERTIFICATION OF CHIEF EXECUTIVE OFFICER</FONT></u></b></p>

<p class=Style0><FONT size="2">I, James S. Marlen, certify that:</FONT></p>

<p class=Style0><FONT size="2">1. I have reviewed this quarterly report on Form 10-Q of Ameron
International Corporation;</FONT></p>

<p class=Style0><FONT size="2">2. Based on my knowledge, this report does not contain
any untrue statement of a material fact or omit to state a material fact
necessary to make the statements made, in light of the circumstances under
which such statements were made, not misleading with respect to the period
covered by this report;</FONT></p>

<p class=Style0><FONT size="2">3. Based on my knowledge, the financial statements, and other
financial information included in this report, fairly present in all
material respects the financial condition, results of operations and cash flows
of the Registrant as of, and for, the periods presented in this report;</FONT></p>

<p class=Style0><FONT size="2">4. The Registrant's other certifying officers and I are
responsible for establishing and maintaining disclosure controls and procedures
(as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control
over financial reporting (as defined in Exchange Act Rules 13a-15(f) and
15(d)-15(f)) for the Registrant and have:</FONT></p>

<p class=Style0><FONT size="2">a) designed such disclosure controls and procedures,
or caused such disclosure controls and procedures to be designed under our
supervision, to ensure
that material information relating to the Registrant, including its
consolidated subsidiaries, is made known to us by others within those entities,
particularly during the period in which this report is being prepared;</FONT></p>

<p class=Style0><FONT size="2">b) designed such internal control over financial reporting, or
caused such internal control over financial reporting to be designed under our
supervision, to provide reasonable assurance regarding the reliability of
financial reporting and the preparation of financial statements for external
purposes in accordance with generally accepted accounting principles;</FONT></p>

<p class=Style0><FONT size="2">c) evaluated the effectiveness of the
Registrant's disclosure
controls and procedures; and presented in this report our conclusions
about the effectiveness of the disclosure controls and procedures, as of the end
of the period covered by this report based on such evaluation, and;</FONT></p>

<p class=Style0><FONT size="2">d) disclosed in this report any change in the
Registrant's
internal control over financial reporting that occurred during the Registrant's
most recent fiscal quarter (the Registrant's fourth fiscal quarter in the case
of an annual report) that has materially affected, or is reasonably
likely to materially affect, the Registrant's internal control over financial
reporting; and</FONT></p>

<p class=Style0><FONT size="2">5. The Registrant's other certifying officers and I have
disclosed, based on our most recent evaluation of internal control over
financial reporting, to the Registrant's auditors and
the audit committee of Registrant's board of directors (or persons performing
the equivalent functions):</FONT></p>

<p class=Style0><FONT size="2">a) all significant deficiencies and material
weaknesses in the design or operation of
internal control over financial reporting which are reasonably likely to
adversely affect the Registrant's ability to record, process, summarize and
report financial information; and</FONT></p>

<p class=Style0><FONT size="2">b) any fraud, whether or not material, that involves management
or other employees who have a significant role in the Registrant's internal
control over financial reporting.</FONT></p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%"
 style='width:100.0%;border-collapse:collapse'>
 <tr>
  <td width="100%" colspan=2 valign=top style='width:100.0%;padding:0in 0in 0in 0in'>
  <p class=Style0><FONT size="2">July 13, 2006</FONT></p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan=2 valign=top style='width:100.0%;padding:0in 0in 0in 0in'>
  <p class=Style0>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width="70%" valign=top style='width:70.36%;padding:0in 0in 0in 0in'>
  <p class=Style0><i><FONT size="2">&nbsp;</FONT></i></p>
  </td>
  <td width="29%" valign=top style='width:29.64%;border:none;border-bottom:
  solid windowtext 1.0pt;padding:0in 0in 0in 0in'>
  <p class=Style0><i><FONT size="2">/s/ James S. Marlen</FONT></i></p>
  </td>
 </tr>
 <tr>
  <td width="70%" valign=top style='width:70.36%;padding:0in 0in 0in 0in'>
  <p class=Style0>&nbsp;</p>
  </td>
  <td width="29%" valign=top style='width:29.64%;padding:0in 0in 0in 0in'>
  <p class=Style0><i><FONT size="2">James S. Marlen</FONT></i></p>
  </td>
 </tr>
 <tr>
  <td width="70%" valign=top style='width:70.36%;padding:0in 0in 0in 0in'>
  <p class=Style0>&nbsp;</p>
  </td>
  <td width="29%" valign=top style='width:29.64%;padding:0in 0in 0in 0in'>
  <p class=Style0><i><FONT size="2">President &amp; Chief Executive Officer</FONT></i></p>
  </td>
 </tr>
 <tr>
  <td width="70%" valign=top style='width:70.36%;padding:0in 0in 0in 0in'>
  <p class=Style0>&nbsp;</p>
  </td>
  <td width="29%" valign=top style='width:29.64%;padding:0in 0in 0in 0in'>
  <p class=Style0>&nbsp;</p>
  </td>
 </tr>
</table>

</BODY>

</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-31.2
<SEQUENCE>3
<FILENAME>amn_exhibit312v01.htm
<DESCRIPTION>CERTIFICATION BY CFO
<TEXT>
<HTML>

<HEAD>
<META content="en-us">
<META content="text/html; charset=windows-1252">
<TITLE>EXHIBIT 31</TITLE>

</HEAD>

<BODY>

<p class=Style0 align=right style='text-align:right'><b><FONT size="2">EXHIBIT 31.2</FONT></b></p>

<p class=Style0 align=center style='text-align:center'><b><u><FONT size="2">SECTION&nbsp;302
CERTIFICATION OF CHIEF FINANCIAL OFFICER</FONT></u></b></p>

<p class=Style0><FONT size="2">I, James R. McLaughlin, certify that:</FONT></p>

<p class=Style0><FONT size="2">1. I have reviewed this quarterly report on Form 10-Q of Ameron
International Corporation;</FONT></p>

<p class=Style0><FONT size="2">2. Based on my knowledge, this report does not contain
any untrue statement of a material fact or omit to state a material fact
necessary to make the statements made, in light of the circumstances under
which such statements were made, not misleading with respect to the period
covered by this report;</FONT></p>

<p class=Style0><FONT size="2">3. Based on my knowledge, the financial statements, and other
financial information included in this report, fairly present in all
material respects the financial condition, results of operations and cash flows
of the Registrant as of, and for, the periods presented in this report;</FONT></p>

<p class=Style0><FONT size="2">4. The Registrant's other certifying officers and I are
responsible for establishing and maintaining disclosure controls and procedures
(as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control
over financial reporting (as defined in Exchange Act Rules 13a-15(f) and
15(d)-15(f)) for the Registrant and have:</FONT></p>

<p class=Style0><FONT size="2">a) designed such disclosure controls and procedures,
or caused such disclosure controls and procedures to be designed under our
supervision, to ensure
that material information relating to the Registrant, including its
consolidated subsidiaries, is made known to us by others within those entities,
particularly during the period in which this report is being prepared;</FONT></p>

<p class=Style0><FONT size="2">b) designed such internal control over financial reporting, or
caused such internal control over financial reporting to be designed under our
supervision, to provide reasonable assurance regarding the reliability of
financial reporting and the preparation of financial statements for external
purposes in accordance with generally accepted accounting principles;</FONT></p>

<p class=Style0><FONT size="2">c) evaluated the effectiveness of the
Registrant's disclosure
controls and procedures; and presented in this report our conclusions
about the effectiveness of the disclosure controls and procedures, as of the end
of the period covered by this report based on such evaluation, and;</FONT></p>

<p class=Style0><FONT size="2">d) disclosed in this report any change in the
Registrant's
internal control over financial reporting that occurred during the Registrant's
most recent fiscal quarter (the Registrant's fourth fiscal quarter in the case
of an annual report) that has materially affected, or is reasonably
likely to materially affect, the Registrant's internal control over financial
reporting; and</FONT></p>

<p class=Style0><FONT size="2">5. The Registrant's other certifying officers and I have
disclosed, based on our most recent evaluation of internal control over
financial reporting, to the Registrant's auditors and
the audit committee of Registrant's board of directors (or persons performing
the equivalent functions):</FONT></p>

<p class=Style0><FONT size="2">a) all significant deficiencies and material
weaknesses in the design or operation of
internal control over financial reporting which are reasonably likely to
adversely affect the Registrant's ability to record, process, summarize and
report financial information; and</FONT></p>

<p class=Style0><FONT size="2">b) any fraud, whether or not material, that involves management
or other employees who have a significant role in the Registrant's internal
control over financial reporting.</FONT></p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%"
 style='width:100.0%;border-collapse:collapse'>
 <tr>
  <td width="100%" colspan=2 valign=top style='width:100.0%;padding:0in 0in 0in 0in'>
  <p class=Style0><FONT size="2">July 13, 2006</FONT></p>
  </td>
 </tr>
 <tr>
  <td width="100%" colspan=2 valign=top style='width:100.0%;padding:0in 0in 0in 0in'>
  <p class=Style0>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:65%;padding:0in'>
  <p class=Style0><i><FONT size="2">&nbsp;</FONT></i></p>
  </td>
  <td valign=top style='border-left:medium none; border-right:medium none; border-top:medium none; width:35%;border-bottom:
  1.0pt solid windowtext;padding:0in'>
  <p class=Style0><i><FONT size="2">/s/ James R. McLaughlin</FONT></i></p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:65%;padding:0in'>
  <p class=Style0>&nbsp;</p>
  </td>
  <td valign=top style='width:35%;padding:0in'>
  <p class=Style0><I><FONT size="2">James R. McLaughlin</FONT></I></p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:65%;padding:0in'>
  <p class=Style0>&nbsp;</p>
  </td>
  <td valign=top style='width:35%;padding:0in'>
  <p class=Style0><i><FONT size="2">Senior Vice President-Chief Financial
  Officer</FONT></i></p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:65%;padding:0in'>
  <p class=Style0>&nbsp;</p>
  </td>
  <td valign=top style='width:35%;padding:0in'>
  <p class=Style0><i><FONT size="2">&amp; Treasurer</FONT></i></p>
  </td>
 </tr>
</table>

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<TYPE>EX-32
<SEQUENCE>4
<FILENAME>amn_exhibit32v01.htm
<DESCRIPTION>CERTIFICATION BY CEO AND CFO
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<TITLE>Ameron International 10K 2005 - Exhibit 32</TITLE>

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<p class=Style0 align=right style='text-align:right'><b><FONT size="2">EXHIBIT 32</FONT></b></p>

<p class=Style0 align=center style='text-align:center'><b><u><FONT size="2">CERTIFICATION OF
CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER<br>
PURSUANT TO 18 U.S.C. ss. 1350, AS ADOPTED PURSUANT TO SECTION&nbsp;906 OF THE<br>
SARBANES-OXLEY ACT OF 2002*</FONT></u></b></p>

<p class=Style0><FONT size="2">In connection with the report of Ameron International
Corporation (the &quot;Company&quot;) on Form 10-Q for the fiscal quarter ended
March 5, 2006 as filed with the Securities and Exchange Commission on
the date hereof (the &quot;Report&quot;), I, James S. Marlen, President, Chief Executive
Officer of the Company and I, James R. McLaughlin, Chief Financial Officer of the
Company, certify, pursuant to 18 U.S.C. ss. 1350, as adopted pursuant to
<FONT face="Times New Roman">Section </FONT>906 of the Sarbanes-Oxley Act of 2002, that,
to my knowledge:</FONT></p>

<p class=Style0><FONT size="2">1. The Report fully complies with the requirements of
Section&nbsp;13(a) or 15(d) of the Securities Act of 1934; and</FONT></p>

<p class=Style0><FONT size="2">2. The information contained in the Report fairly presents, in
all material respects, the financial condition and results of operations of the
Company.</FONT></p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%"
 style='width:100.0%;border-collapse:collapse'>
 <tr>
  <td width="73%" valign=top style='width:73.04%;padding:0in 0in 0in 0in'>
  <p class=Style0>&nbsp;</p>
  </td>
  <td width="26%" valign=top style='width:26.96%;border:none;border-bottom:
  solid windowtext 1.0pt;padding:0in 0in 0in 0in'>
  <p class=Style0 align=right style='text-align:right'><i><FONT size="2">/s/ James S. Marlen</FONT></i></p>
  </td>
 </tr>
 <tr>
  <td width="73%" valign=top style='width:73.04%;padding:0in 0in 0in 0in'>
  <p class=Style0>&nbsp;</p>
  </td>
  <td width="26%" valign=top style='width:26.96%;border:none;padding:0in 0in 0in 0in'>
  <p class=Style0 align=right style='text-align:right'><FONT size="2">James S. Marlen</FONT></p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td width="100%" colspan=2 valign=top style='width:100.0%;padding:0in 0in 0in 0in'>
  <p class=Style0 align=right style='text-align:right'><FONT size="2">President &amp; Chief
  Executive Officer </FONT> </p>
  </td>
 </tr>
 <tr style='page-break-inside:avoid'>
  <td width="100%" colspan=2 valign=top style='width:100.0%;padding:0in 0in 0in 0in'>
  <p class=Style0 align=right style='text-align:right'>
	<font size="2">July 13, 2006</font></p>
  </td>
 </tr>
 <tr>
  <td width="73%" valign=top style='width:73.04%;padding:0in 0in 0in 0in'>
  <p class=Style0>&nbsp;</p>
  </td>
  <td width="26%" valign=top style='width:26.96%;padding:0in 0in 0in 0in'>
  <p class=Style0 align=right style='text-align:right'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width="73%" valign=top style='width:73.04%;padding:0in 0in 0in 0in'>
  <p class=Style0>&nbsp;</p>
  </td>
  <td width="26%" valign=top style='width:26.96%;padding:0in 0in 0in 0in'>
  <p class=Style0 align=right style='text-align:right'>&nbsp;</p>
  </td>
 </tr>
 <tr>
  <td width="73%" valign=top style='width:73.04%;padding:0in 0in 0in 0in'>
  <p class=Style0>&nbsp;</p>
  </td>
  <td width="26%" valign=top style='width:26.96%;border:none;border-bottom:
  solid windowtext 1.0pt;padding:0in 0in 0in 0in'>
  <p class=Style0 align=right style='text-align:right'><i><FONT size="2">/s/ James R.
  McLaughlin</FONT></i></p>
  </td>
 </tr>
 <tr>
  <td width="73%" valign=top style='width:73.04%;padding:0in 0in 0in 0in'>
  <p class=Style0>&nbsp;</p>
  </td>
  <td width="26%" valign=top style='width:26.96%;border:none;padding:0in 0in 0in 0in'>
  <p class=Style0 align=right style='text-align:right'><FONT size="2">James R. McLaughlin</FONT></p>
  </td>
 </tr>
 <tr>
  <td width="73%" valign=top style='width:73.04%;padding:0in 0in 0in 0in'>
  <p class=Style0>&nbsp;</p>
  </td>
  <td width="26%" valign=top style='width:26.96%;padding:0in 0in 0in 0in'>
  <p class=Style0 align=right style='text-align:right'><FONT size="2">Senior Vice President-Chief
  Financial Officer</FONT></p>
  </td>
 </tr>
 <tr>
  <td width="73%" valign=top style='width:73.04%;padding:0in 0in 0in 0in'>
  <p class=Style0>&nbsp;</p>
  </td>
  <td width="26%" valign=top style='width:26.96%;padding:0in 0in 0in 0in'>
  <p class=Style0 align=right style='text-align:right'><FONT size="2">&amp;
  Treasurer</FONT></p>
  </td>
 </tr>
 <tr>
  <td width="73%" valign=top style='width:73.04%;padding:0in 0in 0in 0in'>
  <p class=Style0>&nbsp;</p>
  </td>
  <td width="26%" valign=top style='width:26.96%;padding:0in 0in 0in 0in'>
  <p class=Style0 align=right style='text-align:right'>
	<font size="2">July 13, 2006</font></p>
  </td>
 </tr>
</table>

<P class="Style0" align="right">&nbsp;</P>
<P class="Style0" align="left"><FONT size="2">* A signed original of this
written statement required by <FONT face="Times New Roman">Section </FONT>906 has been provided to Ameron
International Corporation and will be retained by Ameron International
Corporation and furnished to the Securities and Exchange Commission or its staff
upon request.</FONT></P>

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