<SUBMISSION>
<ACCESSION-NUMBER>0001206774-08-000264
<TYPE>PRE 14A
<PUBLIC-DOCUMENT-COUNT>7
<PERIOD>20080326
<FILING-DATE>20080206
<DATE-OF-FILING-DATE-CHANGE>20080205
<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>PRE 14A
<ACT>34
<FILE-NUMBER>001-09102
<FILM-NUMBER>08578594
</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>PRE 14A
<SEQUENCE>1
<FILENAME>ameron_nps.htm
<DESCRIPTION>PRELIMINARY PROXY STATEMENT
<TEXT>

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<P align=center><FONT face=serif size=2>SCHEDULE 14A </FONT></P>
<P align=center><FONT face=serif size=2>(Rule 14a-101) </FONT><FONT face=serif></FONT></P>
<P align=center><FONT face=serif size=2>INFORMATION REQUIRED IN PROXY STATEMENT
</FONT><FONT face=serif></FONT></P>
<P align=center><FONT face=serif size=2>SCHEDULE 14A INFORMATION </FONT><FONT face=serif></FONT></P>
<P align=center><FONT face=serif size=2>Proxy Statement Pursuant to Section
14(a) of the<BR>Securities Exchange Act of 1934 (Amendment No. )</FONT></P>
<P align=left><FONT face=serif size=2>Filed by the Registrant
[x]<BR></FONT><FONT face=serif size=2>Filed by a Party other than the Registrant
[_]<BR></FONT><FONT face=serif size=2><BR>Check the appropriate
box:<BR></FONT><FONT face=serif size=2>[x]&nbsp; Preliminary Proxy
Statement&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [_] Soliciting Material Under
Rule<BR></FONT><FONT face=serif size=2>[_]&nbsp; Confidential, For Use of
the&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
14a-12 <BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commission Only (as permitted
<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; by Rule 14a-6(e)(2))
<BR>[_]&nbsp;&nbsp;Definitive Proxy Statement <BR>[_]&nbsp; Definitive
Additional Materials</FONT></P>
<P align=center><FONT face=serif size=2><FONT face=serif size=2>AMERON
INTERNATIONAL
CORPORATION<BR></FONT>------------------------------------------------------------------------------------------------------------------------------------------------------</FONT>
</P>
<P align=center><FONT face=serif size=2>(Name of Registrant as Specified In Its
Charter)</FONT></P>
<P align=center><FONT face=serif size=2>------------------------------------------------------------------------------------------------------------------------------------------------------</FONT></P>
<P align=center><FONT face=serif size=2>(Name of Person(s) Filing Proxy
Statement, if Other Than the Registrant)</FONT></P>
<P align=justify><FONT face=serif size=2>Payment of Filing Fee (Check the
appropriate box):<BR></FONT><FONT face=serif size=2>[x]&nbsp; No fee
required.<BR></FONT><FONT face=serif size=2>[_] Fee computed on table below per
Exchange Act Rules 14a-6(i)(4) and 0-11.</FONT><FONT face=serif> </FONT></P>
<P align=justify><FONT face=serif size=2>1)&nbsp; Title of each class of
securities to which transaction applies:</FONT><FONT face=serif>
<BR>____________________________________________________________________________________<BR></FONT><FONT face=serif size=2>2)&nbsp; Aggregate number of securities to which transaction
applies:</FONT><FONT face=serif> <BR></FONT><FONT face=serif size=2>3)&nbsp; Per
unit price or other underlying value of transaction computed
pursuant</FONT><FONT face=serif> </FONT><FONT face=serif size=2>to Exchange Act
Rule 0-11 (set forth the <BR>&nbsp;&nbsp;&nbsp;&nbsp; amount on which the filing
fee&nbsp;is</FONT><FONT face=serif> </FONT><FONT face=serif size=2>calculated
and state how it was determined):</FONT><FONT face=serif> <BR></FONT><FONT face=serif size=2>4)&nbsp; Proposed maximum aggregate value of
transaction:</FONT><FONT face=serif>
<BR>____________________________________________________________________________________<BR></FONT><FONT face=serif size=2>5)&nbsp; Total fee paid:<BR></FONT><FONT face=serif size=2>[_]
Fee paid previously with preliminary materials:</FONT><FONT face=serif>
<BR></FONT><FONT face=serif size=2>[_] Check box if any part of the fee is
offset as provided by Exchange Act Rule</FONT><FONT face=serif> </FONT><FONT face=serif size=2>0-11(a)(2) and identify the filing for
which<BR>&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;the offsetting fee was paid </FONT><FONT face=serif size=2>previously. Identify the previous filing by registration
statement number,</FONT><FONT face=serif> </FONT><FONT face=serif size=2>or the
form or<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; schedule and the date of its
filing.</FONT><FONT face=serif>
<BR>____________________________________________________________________________________<BR></FONT><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1) Amount previously
paid:<BR><FONT size=3>____________________________________________________________________________________</FONT><BR></FONT><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2) Form, Schedule or
Registration Statement No.:</FONT><FONT face=serif>
<BR>____________________________________________________________________________________<BR></FONT><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3) Filing Party:<BR><FONT size=3>____________________________________________________________________________________</FONT><BR></FONT><FONT face=serif size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4) Date Filed:</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE><BR><IMG src="ameron_nps1x1x1.jpg" border=0> <BR>
<P align=center><B><FONT face=serif>AMERON INTERNATIONAL
CORPORATION<BR>CORPORATE OFFICES: 245 SOUTH LOS ROBLES
AVE.<BR></FONT></B><B><FONT face=serif>PASADENA, CALIFORNIA 91101</FONT></B></P>
<P align=center><STRONG>____________________<BR><BR><FONT face=serif>NOTICE OF
ANNUAL MEETING OF STOCKHOLDERS<BR>____________________</FONT></STRONG></P>
<P align=justify><FONT face=serif size=2>To the stockholders:</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>The 2008
Annual Meeting of Stockholders (the &#147;Annual Meeting&#148;) of Ameron International
Corporation, a Delaware corporation (the &#147;Company&#148;) will be held at The Pasadena
Hilton Hotel, 168 South Los Robles Ave., Pasadena, California, on Wednesday,
March 26, 2008 at 10:00 a.m. for the following purposes:</FONT></P>
<TABLE style="TEXT-ALIGN: justify" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD width="100%"><FONT face=serif size=2>To elect two directors to hold
      office for a term of three years, or until their successors are elected
      and qualified.</FONT></TD></TR>
  <TR>
    <TD colSpan=2>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>2.</FONT></TD>
    <TD width="100%"><FONT face=serif size=2>To ratify the appointment of
      PricewaterhouseCoopers LLP as independent public accountants of the
      Company for fiscal year 2008.</FONT></TD></TR>
  <TR>
    <TD colSpan=2>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>3.</FONT></TD>
    <TD width="100%"><FONT face=serif size=2>To approve the Company&#146;s Amended
      and Restated Key Executive Long-Term Cash Incentive Plan (the &#147;LTIP&#148;) to
      enable certain compensation paid under the LTIP to qualify as deductible
      performance-based compensation under Section 162(m) of the Internal
      Revenue Code.</FONT></TD></TR>
  <TR>
    <TD colSpan=2>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>4.</FONT></TD>
    <TD width="100%"><FONT face=serif size=2>To ratify the Rights Agreement
      entered into between the Company and Computershare Trust Company, N.A., as
      Rights Agent, on November 12, 2007 (the &#147;Rights Agreement&#148;).</FONT></TD></TR>
  <TR>
    <TD colSpan=2>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>5.</FONT></TD>
    <TD width="100%"><FONT face=serif size=2>To transact such other business
      as may properly come before the Annual Meeting or any adjournments
      thereof.</FONT></TD></TR></TABLE>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>The Board
of Directors has fixed the close of business on February 12, 2008 as the record
date for the determination of the stockholders entitled notice of, and to vote
at, the Annual Meeting and any adjournments thereof.</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"><I><FONT face=serif size=2></FONT></I>&nbsp; </TD>
    <TD noWrap align=left width="50%"><FONT face=serif size=2>Javier
      Solis,</FONT>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"><I><FONT face=serif size=2></FONT></I>&nbsp; </TD>
    <TD noWrap align=left width="50%"><I><FONT face=serif size=2>Secretary</FONT></I>&nbsp; </TD></TR>
  <TR>
    <TD width="99%" colSpan=2>&nbsp; </TD></TR>
  <TR>
    <TD width="99%" colSpan=2>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="49%"><FONT face=serif size=2>February&nbsp;&nbsp;&nbsp;&nbsp; , 2008<FONT size=3>&nbsp;
      </FONT></FONT></TD>
    <TD noWrap align=left width="50%">&nbsp; </TD></TR></TABLE><BR>
<TABLE cellSpacing=0 cellPadding=6 width="100%" border=0>

  <TR>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-TOP: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1pt solid" align=center width="100%">
      <P align=center><B><FONT face=serif size=2>YOUR VOTE IS
      IMPORTANT</FONT></B></P>
      <P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Holders of a majority of the outstanding voting shares of the
      Company must be present either in person or by proxy in order for business
      to be transacted at the Annual Meeting. Whether or not you expect to
      attend the Annual Meeting, your vote is important.</FONT></P>
      <P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT face=serif size=2>PLEASE SIGN AND RETURN YOUR PROXY CARD PROMPTLY. </FONT></B><FONT face=serif size=2>A returned envelope, requiring no postage if mailed in
      the United States, is enclosed for your convenience in
replying.</FONT></P>
      <P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>If
      you are a stockholder of record as of February 12, 2008 and plan to attend
      the Annual Meeting, please check your proxy card in the space provided. If
      your shares are not registered in your name please advise the stockholder
      of record (your broker, bank, etc.) that you wish to attend. That firm
      will provide you with evidence of ownership which will admit you to the
      meeting.</FONT></P></TD></TR></TABLE><BR>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=center><B><FONT face=serif>AMERON INTERNATIONAL
CORPORATION<BR>CORPORATE OFFICES: 245 SOUTH LOS ROBLES
AVE.<BR></FONT></B><B><FONT face=serif>PASADENA, CALIFORNIA 91101</FONT></B></P>
<P align=center><B><FONT face=serif>____________________<BR><BR></FONT></B><B><FONT face=serif>PROXY
STATEMENT<BR>FEBRUARY&nbsp;&nbsp;&nbsp;&nbsp; ,
2008<BR>____________________</FONT></B></P>
<P align=justify><B><FONT face=serif size=2>General</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>This
proxy statement is furnished in connection with the solicitation of proxies for
use at the 2008 Annual Meeting of Stockholders (the &#147;Annual Meeting&#148;) of Ameron
International Corporation (&#147;Ameron&#148; or the &#147;Company&#148;) to be held at the time and
place and for the purposes set forth in the foregoing Notice of Annual Meeting
of Stockholders. This proxy statement and the proxy card included herewith were
first sent to stockholders on or about February&nbsp;&nbsp;&nbsp;&nbsp; , 2008.
</FONT></P>
<P align=justify><FONT face=serif size=2><FONT size=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>The record date for the
determination of stockholders entitled to notice of, and to vote at, the Annual
Meeting is February 12, 2008. On such date, there were issued, outstanding and
entitled to vote,&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; shares
of common stock of the Company (&#147;Common Stock&#148;). Every stockholder is entitled
to one vote for each share of Common Stock registered in his or her name at the
close of business on the record date, except that stockholders may cumulate
their votes in the election of directors as discussed below under &#147;Election of
Directors.&#148; The Common Stock is the only class of voting stock
outstanding.</FONT></P>
<P align=justify><B><FONT face=serif size=2>Proxies</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Please
sign, date and return the enclosed proxy card to ensure that your shares are
voted. The proxy may be revoked at any time prior to the exercise thereof. A
proxy can be revoked by filing either an instrument revoking the proxy or a duly
executed proxy bearing a later date with the Secretary of the Company, or by
attending the Annual Meeting and voting in person. Each proxy will be voted as
instructed, and if no instruction is given, will be voted FOR the election of
the two nominees for director named herein, FOR the ratification of the
appointment of PricewaterhouseCoopers LLP as independent public accountants of
the Company for fiscal year 2008, FOR the approval of the Amended and Restated
Key Executive Long-Term Cash Incentive Plan and FOR the ratification of the
Rights Agreement. The named proxies may vote in their discretion upon such other
matters as may properly come before the Annual Meeting.</FONT></P>
<P align=justify><B><FONT face=serif size=2>Transaction of
Business</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>The
presence at the Annual Meeting in person or by proxy of the holders of a
majority of the outstanding shares of Common Stock as of the record date is
required for the transaction of business. This is called a &#147;quorum.&#148; A
stockholder&#146;s shares are counted as present at the Annual Meeting if the
stockholder is present at the Annual Meeting and votes in person or a proxy has
been properly submitted by the stockholder or on the stockholder&#146;s behalf. Both
abstentions and broker non-votes shall be counted for the purposes of the
determination of the presence or absence of a quorum at the Annual
Meeting.</FONT></P>
<P align=justify><FONT face=serif size=2><FONT size=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>&#147;Broker non-votes&#148; are shares of
Common Stock held by brokers or nominees over which the broker or nominee lacks
discretionary power to vote and for which the broker or nominee has not received
specific voting instructions from the beneficial owner. While the shares of
Common Stock that reflect &#147;broker non-votes&#148; are considered to be present and
entitled to vote for the purposes of determining a quorum and may be entitled to
vote on other matters, for purposes of determining the outcome of any matter as
to which the broker or nominee does not have discretionary authority to vote,
those shares will be treated as not present and not entitled to vote with
respect to that matter. </FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><B><FONT face=serif size=2>Vote Required and Treatment of Votes
for each Proposal</FONT></B></P>
<P align=justify><FONT face=serif size=2><FONT size=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Assuming a quorum is present in
person or by proxy at the Annual Meeting:</FONT></P>
<UL>
  <LI><FONT face=serif size=2>The two nominees for director receiving the
  greatest number of votes cast will be elected. Abstentions</FONT> <FONT face=serif size=2>are not counted for purposes of election of
  directors.<BR>&nbsp;</FONT>
  <LI><FONT face=serif size=2>To be ratified, the selection of
  PricewaterhouseCoopers LLP as independent public accountants must</FONT> <FONT face=serif size=2>receive the affirmative vote of a majority of the shares of
  Common Stock present in person or by proxy</FONT> <FONT face=serif size=2>and
  entitled to vote at the Annual Meeting. Abstentions have the effect of
  negative votes.<BR>&nbsp;</FONT>
  <LI><FONT face=serif size=2>To be approved, the Company&#146;s Amended and Restated
  Key Executive Long-Term Cash Incentive Plan</FONT> <FONT face=serif size=2>must receive the affirmative vote of a majority of the shares of Common
  Stock present in person or by</FONT> <FONT face=serif size=2>proxy and
  entitled to vote at the Annual Meeting. Abstentions have the effect of
  negative votes. &#147;Broker</FONT> <FONT face=serif size=2>non-votes&#148; will not be
  taken into account in determining the outcome of the adoption of this
  proposal.<BR>&nbsp;</FONT>
  <LI><FONT face=serif size=2>To be ratified, the Company&#146;s Rights Agreement
  must receive the affirmative vote of a majority of the</FONT> <FONT face=serif size=2>shares of Common Stock present in person or by proxy and entitled to
  vote at the Annual Meeting. </FONT><FONT face=serif size=2>Abstentions have
  the effect of negative votes. &#147;Broker non-votes&#148; will not be taken into
  account in</FONT> <FONT face=serif size=2>determining the outcome of the
  adoption of this proposal.</FONT></LI></UL>
<P align=center><B><FONT face=serif size=2>ELECTION OF DIRECTORS<BR>(PROXY ITEM
1)</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>As of the
date of this proxy statement, the Bylaws of the Company provide that the Board
of Directors of Ameron (the &#147;Board&#148;) shall be composed of seven directors,
divided into three classes. Directors are elected for three-year terms, and one
class is elected at each annual meeting of the Company&#146;s stockholders. Pursuant
to a policy adopted by the Board, no person may serve as a director after the
date of the first annual meeting of stockholders subsequent to such person&#146;s
72</FONT><SUP><FONT face=serif size=2>nd</FONT></SUP><FONT face=serif size=2>
birthday.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Two Class
I directors are to be elected at the Annual Meeting. James S. Marlen and David
Davenport were elected to their present terms of office as Class I directors at
the Company&#146;s 2005 Annual Meeting. Class I directors elected at the Annual
Meeting will hold office until the 2011 Annual Meeting or until their respective
successors have been elected and qualified. Both of the nominees have consented
to being named herein and to serve if elected. In the event that either of the
nominees should become unavailable prior to the Annual Meeting, proxies in the
enclosed form will be voted for a substitute nominee or nominees designated by
the Board or at its option, the Board may reduce the number of directors that
constitutes the entire Board.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Stockholders have cumulative voting rights with respect to the election
of directors. Cumulative voting rights entitle a stockholder to a total number
of votes equal to the number of directors to be elected multiplied by the number
of shares of Common Stock owned by the stockholder, and to distribute such votes
to one or more nominees as the stockholder determines. Unless a stockholder
indicates otherwise on the proxy card, if a stockholder votes &#147;FOR&#148; all
nominees, the proxies will allocate such stockholder&#146;s votes equally among the
nominees listed above. If a stockholder withholds authority to vote for any
nominee or nominees, the proxies will allocate such person&#146;s votes equally among
the nominees listed above except those for whom the stockholder withholds
authority to vote.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I><FONT face=serif size=2>THE
BOARD RECOMMENDS A VOTE &#147;FOR&#148; THE ELECTION OF THE CLASS I NOMINEES, AND THE
ENCLOSED PROXY CARD WILL BE SO VOTED UNLESS THE STOCKHOLDER SPECIFIES
OTHERWISE.</FONT></I></B></P>
<P align=center><FONT face=serif size=2>2</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=center><B><FONT face=serif size=2>THE BOARD AND ITS
COMMITTEES</FONT></B></P>
<P align=justify><B><FONT face=serif size=2>Information as to Nominees and
Continuing Directors</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>The
following table sets forth the names of and certain other information about the
nominees for election as a director and those directors who will continue to
serve after the Annual Meeting.</FONT></P>
<DIV align=center>
<TABLE cellSpacing=0 cellPadding=0 width="80%" border=0>

  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="2%"><B><FONT face=serif size=1>Name</FONT></B> </TD>
    <TD noWrap align=left width="87%">&nbsp;</TD>
    <TD noWrap align=center width="2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="2%"><B><FONT face=serif size=1>Age</FONT></B> </TD>
    <TD noWrap align=center width="2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%"><B><FONT face=serif size=1>Director Since</FONT></B> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="89%" bgColor=#c0c0c0 colSpan=2><B><FONT face=serif size=2>Class I &#150; Nominees for Election</FONT></B>&nbsp; </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="89%" colSpan=2><FONT face=serif size=2>James
      S. Marlen</FONT>&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="2%"><FONT face=serif size=2>66</FONT> </TD>
    <TD noWrap align=center width="2%">&nbsp;</TD>
    <TD noWrap align=center width="5%"><FONT face=serif size=2>1993</FONT>
  </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="89%" bgColor=#c0c0c0 colSpan=2><FONT face=serif size=2>David Davenport</FONT>&nbsp; </TD>
    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="2%" bgColor=#c0c0c0><FONT face=serif size=2>57</FONT> </TD>
    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=serif size=2>2002</FONT> </TD></TR>
  <TR>
    <TD width="100%" colSpan=6>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="89%" bgColor=#c0c0c0 colSpan=2><B><FONT face=serif size=2>Class II &#150; Term Expires 2009</FONT></B>&nbsp; </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="89%" colSpan=2><FONT face=serif size=2>Terry
      L. Haines</FONT>&nbsp; </TD>
    <TD noWrap align=center width="2%">&nbsp;</TD>
    <TD noWrap align=center width="2%"><FONT face=serif size=2>61</FONT> </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="5%"><FONT face=serif size=2>1997</FONT>
  </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="89%" bgColor=#c0c0c0 colSpan=2><FONT face=serif size=2>John E. Peppercorn</FONT>&nbsp; </TD>
    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="2%" bgColor=#c0c0c0><FONT face=serif size=2>70</FONT> </TD>
    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=serif size=2>1999</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="89%" colSpan=2><FONT face=serif size=2>William D. Horsfall</FONT>&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="2%"><FONT face=serif size=2>64</FONT> </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="5%"><FONT face=serif size=2>2006</FONT>
  </TD></TR>
  <TR>
    <TD width="100%" colSpan=6>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="89%" bgColor=#c0c0c0 colSpan=2><B><FONT face=serif size=2>Class III &#150; Term Expires 2010</FONT></B>&nbsp; </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="89%" colSpan=2><FONT face=serif size=2>J.
      Michael Hagan</FONT>&nbsp; </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="2%"><FONT face=serif size=2>68</FONT> </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="5%"><FONT face=serif size=2>1994</FONT>
  </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="89%" bgColor=#c0c0c0 colSpan=2><FONT face=serif size=2>Dennis C. Poulsen</FONT>&nbsp; </TD>
    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="2%" bgColor=#c0c0c0><FONT face=serif size=2>65</FONT> </TD>
    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=serif size=2>2002</FONT> </TD></TR></TABLE></DIV><BR>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>The
following summaries set forth the principal occupation and business experience
during the past five years as well as certain other affiliations of each nominee
for director and each director whose term continues after the Annual Meeting.
The summaries are based on information provided to the Company by the nominees
and continuing directors.</FONT></P>
<P align=justify><B><FONT face=serif size=2>Nominees for Director</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT face=serif size=2>James
S. Marlen.</FONT></B><FONT face=serif size=2> Chairman of the Board since 1995,
Chief Executive Officer since 1993 and President from 1993 to 2008. Formerly
Vice President and Officer of GenCorp, Inc. and President, GenCorp Polymer
Products, the consumer and industrial product sector of GenCorp, Inc. Mr. Marlen
is director of A. Schulman, Inc. (NASDAQ), a leading multinational manufacturer
of high-performance plastics, compounds and resins, and Parsons Corporation, a
privately-held, worldwide engineering and construction firm. Mr. Marlen was
named a Distinguished Engineering Fellow of the University of Alabama, and in
1998, he was inducted into the State of Alabama Engineering Hall of Fame. Mr.
Marlen is also a director of various civic and trade organizations.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT face=serif size=2>David
Davenport. </FONT></B><FONT face=serif size=2>Distinguished Professor of Public
Policy and Law &#150; Pepperdine University since 2003 and Research Fellow, Hoover
Institution, Stanford University, since August 2001. Director of Salem
Communications, a provider of radio programming, and Forest Lawn Memorial Parks
Association, a memorial parks service company. </FONT></P>
<P align=justify><B><FONT face=serif size=2>Continuing Directors</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT face=serif size=2>Terry
L. Haines. </FONT></B><FONT face=serif size=2>Retired Chairman of the Board,
President and Chief Executive Officer of A. Schulman, Inc., a leading
multinational manufacturer of high-performance plastics, compounds and resins.
Director of First Merit Bank Corp.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT face=serif size=2>John
E. Peppercorn.</FONT></B><FONT face=serif size=2> Retired Vice President of
Chevron Corporation and President of Chevron Chemical Co. LLC, a subsidiary of
Chevron Corporation, manufacturer of industrial chemicals.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT face=serif size=2>William D. Horsfall.</FONT></B><FONT face=serif size=2> Founder and
Senior Partner of Lucas, Horsfall, Murphy and Pindroh, LLP, an accounting
services and business consulting firm, since 1980. Certified Public Accountant
licensed in California since 1967.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT face=serif size=2>J.
Michael Hagan.</FONT></B><FONT face=serif size=2> Retired Chairman, President
and Chief Executive Officer of Furon Company, a manufacturer of polymer
components. Director of Remedytemp, Inc., a temporary staffing and employment
company; PIMCO Funds, an investment management services company; and Fleetwood
Enterprises, a manufacturer of recreational vehicles and producer of
manufactured housing.</FONT></P>
<P align=center><FONT face=serif size=2>3</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT face=serif size=2>Dennis
C. Poulsen.</FONT></B><FONT face=serif size=2> Chief Executive Officer of Rose
Hills Company, one of the largest memorial park service companies in the U.S.,
from 2000 to February 2002. Non-executive Chairman of Rose Hills Company since
February 2002 and director of Payden Funds since 1992.</FONT></P>
<P align=justify><B><FONT face=serif size=2>Fiscal Year 2007 Director
Compensation Table</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>The table
below sets forth the compensation earned by the Company&#146;s non-employee directors
for the fiscal year ended November 30, 2007 (&#147;fiscal year 2007&#148;). Mr. James S.
Marlen, the Company&#146;s Chief Executive Officer, did not receive compensation in
fiscal year 2007 in respect of his services as a director. </FONT></P>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=center width="64%" colSpan=2></TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="3%"><FONT size=+0><B><FONT face=serif size=1>Change in</FONT></B> </FONT></TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="3%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="64%" colSpan=2></TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="3%"><FONT size=+0><B><FONT face=serif size=1>Pension Value</FONT></B> </FONT></TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="3%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="64%" colSpan=2></TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="3%"><FONT size=+0><B><FONT face=serif size=1>Fees</FONT></B> </FONT></TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="3%"><FONT size=+0><B><FONT face=serif size=1>and Nonqualified</FONT></B> </FONT></TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="3%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="64%" colSpan=2></TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="3%"><FONT size=+0><B><FONT face=serif size=1>Earned</FONT></B> </FONT></TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="3%"><FONT size=+0><B><FONT face=serif size=1>Stock</FONT></B> </FONT></TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="3%"><FONT size=+0><B><FONT face=serif size=1>Option</FONT></B> </FONT></TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="3%"><FONT size=+0><B><FONT face=serif size=1>Non-Equity</FONT></B> </FONT></TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="3%"><FONT size=+0><B><FONT face=serif size=1>Deferred</FONT></B> </FONT></TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="3%"><FONT size=+0><B><FONT face=serif size=1>All Other</FONT></B> </FONT></TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="3%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=center width="64%" colSpan=2></TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="3%"><FONT size=+0><B><FONT face=serif size=1>or Paid in</FONT></B> </FONT></TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="3%"><FONT size=+0><B><FONT face=serif size=1>Awards</FONT></B> </FONT></TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="3%"><FONT size=+0><B><FONT face=serif size=1>Awards</FONT></B> </FONT></TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="3%"><FONT size=+0><B><FONT face=serif size=1>Incentive Plan</FONT></B> </FONT></TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="3%"><FONT size=+0><B><FONT face=serif size=1>Compensation</FONT></B> </FONT></TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="3%"><FONT size=+0><B><FONT face=serif size=1>Compensation</FONT></B> </FONT></TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="3%"></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="2%"><FONT size=+0><B><FONT face=serif size=1>Name (1)</FONT></B>
      </FONT></TD>
    <TD noWrap align=left width="62%">&nbsp;</TD>
    <TD noWrap align=center width="2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="3%"><FONT size=+0><B><FONT face=serif size=1>Cash $</FONT></B>
      </FONT></TD>
    <TD noWrap align=center width="2%"><FONT size=+0>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="3%"><FONT size=+0><FONT face=serif size=1><STRONG>$
      </STRONG><STRONG>(1)(2)</STRONG></FONT> </FONT></TD>
    <TD noWrap align=center width="2%"><FONT face=serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="3%"><FONT size=+0><FONT face=serif size=1><STRONG>$
      (3)</STRONG><FONT size=3> </FONT></FONT></FONT></TD>
    <TD noWrap align=center width="2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="3%"><FONT size=+0><B><FONT face=serif size=1>Compensation
      $</FONT></B> </FONT></TD>
    <TD noWrap align=center width="2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="3%"><FONT size=+0><B><FONT face=serif size=1>Earnings $</FONT></B>
      </FONT></TD>
    <TD noWrap align=center width="2%"><FONT size=+0>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="3%"><FONT size=+0><FONT face=serif size=1><STRONG>$
      </STRONG><STRONG>(4)</STRONG><FONT size=3> </FONT></FONT></FONT></TD>
    <TD noWrap align=center width="2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="3%"><FONT size=+0><B><FONT face=serif size=1>Total $</FONT></B>
      </FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="64%" bgColor=#c0c0c0 colSpan=2><FONT face=serif size=1>David Davenport</FONT> </TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=1>&nbsp;&nbsp;85,500&nbsp;&nbsp;</FONT> </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=1>111,591</FONT> </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=1>&nbsp;14,600&nbsp;</FONT> </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="3%" bgColor=#c0c0c0><FONT face=serif size=1>&#151;</FONT> </TD>
    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="3%" bgColor=#c0c0c0><FONT face=serif size=1>&#151;</FONT> </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=1>1,570&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT> </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=1>213,261</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="64%" colSpan=2><FONT face=serif size=1>J.
      Michael Hagan</FONT> </TD>
    <TD noWrap align=right width="2%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=1>65,500&nbsp;&nbsp;<FONT size=3> </FONT></FONT></TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=1>69,430</FONT>
</TD>
    <TD noWrap align=left width="2%">&nbsp;</TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=1>14,599&nbsp;</FONT> </TD>
    <TD noWrap align=left width="2%">&nbsp;</TD>
    <TD noWrap align=center width="3%"><FONT face=serif size=1>&#151;</FONT> </TD>
    <TD noWrap align=center width="2%">&nbsp;</TD>
    <TD noWrap align=center width="3%"><FONT face=serif size=1>&#151;</FONT> </TD>
    <TD noWrap align=left width="2%">&nbsp;</TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=1>1,570&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=3>
      </FONT></FONT></TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=1>151,099</FONT>
    </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="64%" bgColor=#c0c0c0 colSpan=2><FONT face=serif size=1>Terry L. Haines</FONT> </TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=1>57,800&nbsp;&nbsp;<FONT size=3> </FONT></FONT></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=1>69,430</FONT> </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=1>14,600&nbsp;</FONT> </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="3%" bgColor=#c0c0c0><FONT face=serif size=1>&#151;</FONT> </TD>
    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="3%" bgColor=#c0c0c0><FONT face=serif size=1>&#151;</FONT> </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=1>1,570&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=3>
      </FONT></FONT></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=1>143,400</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="64%" colSpan=2><FONT face=serif size=1>William D. Horsfall</FONT> </TD>
    <TD noWrap align=right width="2%">&nbsp;</TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=1>58,500&nbsp;&nbsp;<FONT size=3> </FONT></FONT></TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=1>11,830</FONT>
</TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=1>&#151;&nbsp;</FONT>
    </TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=center width="3%"><FONT face=serif size=1>&#151;</FONT> </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="3%"><FONT face=serif size=1>&#151;</FONT> </TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=1>700&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=3>
    </FONT></FONT></TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=1>71,030</FONT>
  </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="64%" bgColor=#c0c0c0 colSpan=2><FONT face=serif size=1>John E. Peppercorn</FONT> </TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=1>87,000&nbsp;&nbsp;<FONT size=3> </FONT></FONT></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=1>69,430</FONT> </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=1>14,600&nbsp;</FONT> </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="3%" bgColor=#c0c0c0><FONT face=serif size=1>&#151;</FONT> </TD>
    <TD noWrap align=center width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="3%" bgColor=#c0c0c0><FONT face=serif size=1>&#151;</FONT> </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=1>1,570&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=3>
      </FONT></FONT></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=1>172,600</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="64%" colSpan=2><FONT face=serif size=1>Dennis
      C. Poulsen</FONT> </TD>
    <TD noWrap align=right width="2%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=1>82,500&nbsp;&nbsp;<FONT size=3> </FONT></FONT></TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=1>111,591</FONT>
    </TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=1>14,600&nbsp;</FONT> </TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=center width="3%"><FONT face=serif size=1>&#151;</FONT> </TD>
    <TD noWrap align=center width="2%"></TD>
    <TD noWrap align=center width="3%"><FONT face=serif size=1>&#151;</FONT> </TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=1>1,570&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=3>
      </FONT></FONT></TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=1>210,261</FONT>
    </TD></TR></TABLE>____________________<BR>&nbsp;<BR>
<TABLE style="TEXT-ALIGN: justify" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD width="100%"><FONT face=serif size=2>Certain awards of restricted
      stock were made in fiscal years 2006 and 2007 under the Company&#146;s
      Restricted Stock Agreement pursuant to the 2004 Stock Incentive Plan. The
      amounts shown in this column consist of the compensation cost of the
      awards of restricted stock that were recognized in fiscal year 2007 by the
      Company pursuant to Statement of Financial Accounting Standards 123R,
      </FONT><I><FONT face=serif size=2>Share Based Payment </FONT></I><FONT face=serif size=2>(&#147;SFAS </FONT><FONT size=2>123R&#148;). Additional
      information related to the calculation of the compensation cost and the
      assumptions used is set forth in Note 13 Incentive Stock Compensation
      Plans of the Notes to the Consolidated Financial Statements of the
      Company&#146;s Annual Report on Form 10-K for fiscal year 2007.</FONT></TD></TR>
  <TR>
    <TD colSpan=2>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>(2)</FONT></TD>
    <TD width="100%">
      <P><FONT face=serif size=2>Awards of 1,000 shares of restricted stock were
      granted on March 21, 2007 to the non-employee directors. Under SFAS 123R,
      the fair value of the awards on the date of grant was $69,430, based on
      the per share closing price of the Common Stock on the New York Stock
      Exchange on March 21, 2007 of $69.43.</FONT></P>
      <P><FONT size=2>At November 30, 2007, Messrs. Davenport, Hagan, Haines,
      Peppercorn and Poulsen each had 1,900 unvested shares of restricted stock
      and Mr. Horsfall had 1,000 unvested shares of restricted
    stock.</FONT></P></TD></TR>
  <TR>
    <TD colSpan=2>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>(3)</FONT></TD>
    <TD width="100%">
      <P><FONT face=serif size=2>Certain stock options were granted in fiscal
      years 2003, 2004 and 2005 under the Company&#146;s Non-Employee Director Stock
      Option Agreement pursuant to the 2001 Stock Incentive Plan and the 2004
      Stock Incentive Plan. The amounts shown in this column consist of the
      compensation cost of stock option grants that were recognized in fiscal
      year 2007 by the Company pursuant to SFAS 123R. Additional information
      related to the calculation of the compensation cost and the assumptions
      used is set forth in Note 13 Incentive Stock Compensation Plans of the
      Notes to the Consolidated Financial Statements of the Company&#146;s Annual
      Report on Form 10-K for fiscal year 2007.</FONT></P>
      <P><FONT size=2>At November 30, 2007, the number of options outstanding
      for each non-employee director were as follows: Mr. Davenport 2,250; Mr.
      Hagan 15,000; Mr. Haines 8,250; Mr. Peppercorn 15,000 and Mr. Poulsen
      2,250.</FONT></P></TD></TR>
  <TR>
    <TD colSpan=2>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>(4)</FONT></TD>
    <TD width="100%"><FONT face=serif size=2>Dividends paid on unvested
      restricted stock. These amounts were not factored into the grant date fair
      value for the stock award.</FONT></TD></TR></TABLE>
<P align=justify><B><FONT face=serif size=2>Director Compensation</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Generally, directors who are not officers or employees of the Company
receive an annual retainer of $36,000 plus $2,200 for each Board meeting
attended and $1,500 for each meeting of committees of the Board attended.
Meeting fees are paid to each director who attends and actively participates. In
addition, the chairman of the Audit Committee receives an annual retainer of
$7,000, the chairman of the Compensation Committee receives an </FONT></P>
<P align=center><FONT face=serif size=2>4</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><FONT face=serif size=2>annual retainer of $6,000 and the
chairman of the Nominating &amp; Corporate Governance Committee receives an
annual retainer of $3,000. Directors are also provided or reimbursed for travel
(including spousal travel for certain meetings), lodging and other customary
expenses incurred in attending Board, committee and stockholder meetings.
Directors are available for consultation at any time by management and normally
receive no additional compensation for such consultation. Directors receive an
annual grant of restricted stock on the first business day following the date of
an annual meeting of stockholders in amounts determined by the Board from time
to time. In fiscal year 2007 each director received a grant of 1,000 shares of
restricted stock.</FONT></P>
<P align=justify><B><FONT face=serif size=2>Committees of the
Board</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>As of the
date of this proxy statement, the Board has standing committees, with duties,
current membership and number of meetings for each as shown below.</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="59%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2><B>Audit Committee</B></FONT>&nbsp; </TD>
    <TD noWrap align=left width="40%"><FONT face=serif size=2>8 meetings held
      during fiscal year 2007</FONT>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="59%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Members:</FONT>&nbsp; </TD>
    <TD noWrap align=left width="40%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="59%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>J. Michael Hagan,</FONT><I><FONT face=serif size=2>Chairman</FONT></I>&nbsp; </TD>
    <TD noWrap align=left width="40%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="59%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>David Davenport</FONT>&nbsp; </TD>
    <TD noWrap align=left width="40%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="59%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Terry L. Haines</FONT>&nbsp; </TD>
    <TD noWrap align=left width="40%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="59%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>William D. Horsfall</FONT>&nbsp; </TD>
    <TD noWrap align=left width="40%">&nbsp; </TD></TR></TABLE><BR>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>The Audit
Committee represents and assists the Board in discharging its oversight
responsibility relating to accounting and internal and external audit matters
affecting the Company. The Audit Committee is governed by a charter. A more
detailed description of the functions of the Audit Committee can be found in the
Audit Committee Charter, a copy of which can be found on the Company&#146;s website
</FONT><I><FONT face=serif size=2>www.ameron.com </FONT></I><FONT face=serif size=2>by following the links to &#147;Shareholders&#148; and &#147;Corporate Governance&#148; or
upon written request as set forth below under &#147;Additional Information.&#148; As
required by the Audit Committee Charter and the New York Stock Exchange&#146;s
corporate governance standards, all members of the Audit Committee are
&#147;independent&#148; as discussed below under &#147;Director Independence.&#148; Each of the
members of the Audit Committee is also financially literate and has accounting
or related financial management expertise as required by the New York Stock
Exchange&#146;s corporate governance standards. The Board has determined that Mr.
William D. Horsfall meets the definition of &#147;audit committee financial expert&#148;
as defined in Item 407(d)(5) of Regulation S-K promulgated by the Securities and
Exchange Commission (the &#147;SEC&#148;).</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="59%">&nbsp;&nbsp;&nbsp;&nbsp; <FONT face=serif size=2><B>Compensation Committee</B></FONT>&nbsp; </TD>
    <TD noWrap align=left width="40%"><FONT face=serif size=2>14 meetings held
      during fiscal year 2007</FONT>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="59%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <FONT face=serif size=2>Members:</FONT>&nbsp; </TD>
    <TD noWrap align=left width="40%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="59%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      <FONT face=serif size=2>John E. Peppercorn, </FONT><I><FONT face=serif size=2>Chairman</FONT></I>&nbsp; </TD>
    <TD noWrap align=left width="40%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="59%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      <FONT face=serif size=2>David Davenport</FONT>&nbsp; </TD>
    <TD noWrap align=left width="40%">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="59%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      <FONT face=serif size=2>Dennis C. Poulsen</FONT>&nbsp; </TD>
    <TD noWrap align=left width="40%">&nbsp; </TD></TR></TABLE><BR>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>The
Compensation Committee supervises and acts upon matters involving the
compensation of the Company&#146;s top managerial and executive officers. The
Compensation Committee is governed by a charter. A more detailed description of
the functions of the Compensation Committee can be found in the Compensation
Committee Charter, as amended, a copy of which can be found at the Company&#146;s
website </FONT><I><FONT face=serif size=2>www.ameron.com </FONT></I><FONT face=serif size=2>by following the links to &#147;Shareholders&#148; and &#147;Corporate
Governance&#148; or upon written request as set forth below under &#147;Additional
Information.&#148;. As required by the Compensation Committee Charter and the New
York Stock Exchange&#146;s corporate governance standards, all members of the
Compensation Committee are &#147;independent&#148; as discussed below under &#147;Director
Independence.&#148;</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="59%"><FONT face=serif size=2><FONT size=3>&nbsp;&nbsp;&nbsp;&nbsp; </FONT><STRONG>Executive
      Committee</STRONG></FONT>&nbsp; </TD>
    <TD noWrap align=left width="40%"><FONT face=serif size=2>No meetings held
      during fiscal year 2007</FONT>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="59%"><FONT face=serif size=2><FONT size=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT>Members:</FONT>&nbsp; </TD>
    <TD noWrap align=left width="40%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="59%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      <FONT face=serif size=2>James S. Marlen, </FONT><I><FONT face=serif size=2>Chairman</FONT></I>&nbsp; </TD>
    <TD noWrap align=left width="40%">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="59%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      <FONT face=serif size=2>J. Michael Hagan</FONT>&nbsp; </TD>
    <TD noWrap align=left width="40%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="59%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      <FONT face=serif size=2>John E. Peppercorn</FONT>&nbsp; </TD>
    <TD noWrap align=left width="40%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="59%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      <FONT face=serif size=2>Dennis C. Poulsen</FONT>&nbsp; </TD>
    <TD noWrap align=left width="40%">&nbsp; </TD></TR></TABLE><BR>
<P align=center><FONT face=serif size=2>5</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>The
Executive Committee acts on matters delegated to it by the Board between
meetings of the Board or while the Board is not in session.</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="59%"><FONT face=serif size=2><FONT size=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><STRONG>Nominating &amp;
      Corporate Governance Committee</STRONG></FONT>&nbsp; </TD>
    <TD noWrap align=left width="40%"><FONT face=serif size=2>3 meetings held
      during fiscal year 2007</FONT>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="59%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Members:</FONT>&nbsp; </TD>
    <TD noWrap align=left width="40%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="59%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Dennis C. Poulsen, </FONT><I><FONT face=serif size=2>Chairman</FONT></I>&nbsp; </TD>
    <TD noWrap align=left width="40%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="59%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Terry L. Haines</FONT>&nbsp; </TD>
    <TD noWrap align=left width="40%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="59%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>John E. Peppercorn</FONT>&nbsp; </TD>
    <TD noWrap align=left width="40%">&nbsp; </TD></TR></TABLE><BR>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>The
Nominating &amp; Corporate Governance Committee identifies, reviews and
recommends qualified candidates to be elected or reelected to the Board and to
be appointed to serve on various committees, reviews procedures and policies of
the Board, and oversees the structure, composition and functioning of the Board.
The Nominating &amp; Corporate Governance Committee is governed by a charter. A
more detailed description of the functions of the Nominating &amp; Corporate
Governance Committee can be found in the Nominating &amp; Corporate Governance
Charter, as amended, a copy of which can be found at the Company&#146;s website
</FONT><I><FONT face=serif size=2>www.ameron.com </FONT></I><FONT face=serif size=2>by following the links to &#147;Shareholders&#148; and &#147;Corporate Governance&#148; or
upon written request as set forth below under &#147;Additional Information.&#148; As
required by the Nominating &amp; Corporate Governance Committee Charter and the
New York Stock Exchange&#146;s corporate governance standards, all members of the
Nominating &amp; Corporate Governance Committee are &#147;independent&#148; as discussed
below under &#147;Director Independence.&#148; </FONT></P>
<P align=justify><FONT face=serif size=2><FONT size=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>The Board met a total of six times
in fiscal year 2007, and all directors attended at least 75% of the aggregate
number of meetings of the Board and Board committees on which they served for
the period in which they served.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Non-management directors meet regularly in executive sessions without
management and preside over non-management meetings in rotating order by
seniority determined by length of Board service. Non-management directors are
those directors who are not Company officers.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>All
directors attended the 2007 Annual Meeting. Although the Company does not have a
formal policy regarding attendance by directors at annual meetings of the
Company&#146;s stockholders, all directors are strongly encouraged to
attend.</FONT></P>
<P align=justify><B><FONT face=serif size=2>Director Nomination
Process</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>The Board
is responsible for selecting nominees for election to the Board by the
stockholders. In general, the Company seeks as directors, individuals with
substantial management experience who possess the highest personal values,
judgment and integrity, an understanding of the environment in which the Company
does business, and diverse business and financial experience. The Nominating
&amp; Corporate Governance Committee recommends to the Board candidates for
election or reelection to the Board. Candidates are selected from qualified
individuals recommended by the Board, the Nominating &amp; Corporate Governance
Committee or any other reliable source, including stockholders, as discussed
more fully below. The Nominating &amp; Corporate Governance Committee then makes
its recommendations based on the needs of the Board as determined by periodic
evaluations of the Board&#146;s performance and composition, as well as the
individual strengths and weaknesses of the candidates.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Stockholders may submit written recommendations for nominees directly to
the Secretary of the Company at the address of the Company&#146;s corporate offices
located at 245 S. Los Robles Avenue, Pasadena, CA 91101. To be timely, any such
notice must be received at the corporate offices of the Company not less than
sixty (60) and not more than one hundred twenty (120) days prior to the date of
such annual meeting; provided, however, that in the event that the first public
disclosure (whether by mailing of a notice to stockholders, press release or
otherwise) of the date of such annual meeting is made less than sixty-five (65)
days prior to the date of such annual meeting, notice by the stockholder will be
timely if received not later than the close of business on the tenth
(10<SUP>th</SUP>) day following the day on which such first public disclosure
was made. Such stockholder&#146;s notice with respect to a proposed nomination shall
set forth (i) the name, age, business and residence address and principal
occupation or employment of such nominee proposed in such notice; (ii) the name
and address of the stockholder giving the notice as the same appears in the
Company&#146;s stock register; (iii) the number of shares of Common Stock which are
beneficially owned by each such nominee and by such stockholder; and (iv) such
other information concerning each such nominee as would </FONT></P>
<P align=center><FONT face=serif size=2>6</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><FONT face=serif size=2>be required, under the rules of SEC, to
be disclosed in a proxy statement soliciting proxies for the election of such
nominee. Such notice must also include a signed consent of each such nominee to
serve as a director of the Company, if elected.</FONT></P>
<P align=justify><B><FONT face=serif size=2>Compensation Committee Interlocks
and Insider Participation</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Messrs.
Peppercorn, Davenport and Poulsen, each of whom is an outside director, served
on the Compensation Committee in fiscal year 2007. During fiscal year 2007,
there were no relationships or transactions between the Company and any member
of the Compensation Committee requiring disclosure hereunder.</FONT></P>
<P align=justify><B><FONT face=serif size=2>Director Independence</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>As part
of its Corporate Governance Guidelines, the Board has adopted Independence
Standards, which are attached hereto as Exhibit A. The Board has affirmatively
determined that each of Messrs. Davenport, Hagan, Haines, Horsfall, Peppercorn
and Poulsen are &#147;independent&#148; within the meaning of the Company&#146;s Independence
Standards and the New York Stock Exchange&#146;s corporate governance standards. In
making that determination, the Board applied standards established by the
Company&#146;s Corporate Governance Guidelines, including the Independence Standards,
in addition to any relevant facts and circumstances, including the fact that
there are no relationships between the Company and any of the independent
directors. The Company&#146;s Corporate Governance Guidelines can be found on the
Company&#146;s website located at </FONT><I><FONT face=serif size=2>www.ameron.com</FONT></I><FONT face=serif size=2> by following the links
to &#147;Shareholders&#148; and &#147;Corporate Governance&#148; or upon written request as set
forth below under &#147;Additional Information.&#148;</FONT></P>
<P align=justify><B><FONT face=serif size=2>Code of Business Conduct &amp;
Ethics</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>The
Company has adopted a Code of Business Conduct &amp; Ethics (the &#147;Code of
Ethics&#148;), which is designed to focus directors, officers and employees of the
Company on areas of ethical risk, provide guidance to help recognize and deal
with ethical issues, provide mechanisms to report unethical conduct, and help
foster a culture of honesty and accountability. Each director, officer and
employee is required to comply with the Code of Ethics, including the Company&#146;s
principal executive officer, principal financial officer, principal accounting
officer or controller, and other persons performing similar functions. The Code
of Ethics can be found on the Company&#146;s website located at </FONT><I><FONT face=serif size=2>www.ameron.com </FONT></I><FONT face=serif size=2>by following
the links to &#147;Shareholders&#148; and &#147;Corporate Governance&#148; or upon written request
as set forth below under &#147;Additional Information.&#148; The Company will disclose
amendments to or waivers from provisions of the Code of Ethics by posting such
information on its website.</FONT></P>
<P align=justify><B><FONT face=serif size=2>Communications with the Board or
Directors</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Stockholders and interested parties may communicate to any one of the
independent directors, including the director presiding over executive sessions
of non-management directors, in care of the Company&#146;s Secretary at the Company&#146;s
corporate offices located at 245 S. Los Robles Avenue, Pasadena, CA 91101. All
such communications will be directed to the entire Board. Stockholders and
interested parties desiring to limit or direct their communications to only
non-employee directors, a specific committee or an individual director such as
the presiding director should so indicate on the envelope of the communication.
All stockholder and interested parties communications will be forwarded to the
applicable director(s).</FONT></P>
<P align=justify><B><FONT face=serif size=2>Additional
Information</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Copies of
each of the Company&#146;s Audit Committee Charter, Compensation Committee Charter,
Nominating &amp; Corporate Governance Committee Charter, Corporate Governance
Guidelines and Code Ethics are available to stockholders upon written request
addressed to the Secretary of the Company at the Company&#146;s corporate offices
located at 245 S. Los Robles Avenue, Pasadena, CA 91101</FONT></P>
<P align=center><FONT face=serif size=2>7</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=center><B><FONT face=serif size=2>PROPOSAL FOR RATIFICATION OF
APPOINTMENT<BR>OF INDEPENDENT PUBLIC ACCOUNTANTS<BR></FONT></B><B><FONT face=serif size=2>(PROXY ITEM 2)</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>The
Board, upon recommendation of its Audit Committee, has appointed the firm of
PricewaterhouseCoopers LLP, as independent public accountants to examine the
Company&#146;s financial statements for its fiscal year ending November 30, 2008.
This firm has no financial interest of any kind in the Company or its
subsidiaries other than its work as the Company&#146;s independent public
accountants. The firm has had no connection with the Company or its subsidiaries
in the capacity of promoter, underwriter, voting trustee, director, officer or
employee. A member of the firm of PricewaterhouseCoopers LLP is expected to be
present at the Annual Meeting to answer questions and to make a statement if he
or she desires to do so.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I><FONT face=serif size=2>THE
BOARD RECOMMENDS A VOTE &#147;FOR&#148; THE RATIFICATION OF THE APPOINTMENT OF THE FIRM OF
PRICEWATERHOUSECOOPERS LLP AS INDEPENDENT PUBLIC ACCOUNTANTS OF THE COMPANY FOR
FISCAL YEAR 2008, AND THE ENCLOSED PROXY CARD WILL BE SO VOTED UNLESS THE
STOCKHOLDER SPECIFIES OTHERWISE.</FONT></I></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>If the
appointment is not ratified by a majority of the shares of Common Stock
represented at the Annual Meeting on this proposal, the adverse vote will be
considered as a directive to the Board to select other independent public
accountants for the following fiscal year. However, because of the difficulty
and expense of making any substitution so long after the beginning of the
current fiscal year, it is contemplated that the appointment for the fiscal year
ending November 30, 2008 will be permitted to stand unless the Board finds other
good reason for making a change.</FONT></P>
<P align=center><B><FONT face=serif size=2>PROPOSAL FOR APPROVAL OF
THE<BR>AMENDED AND RESTATED<BR></FONT></B><B><FONT face=serif size=2>KEY
EXECUTIVE LONG-TERM CASH INCENTIVE PLAN<BR>(PROXY ITEM 3)</FONT></B></P>
<P align=justify><B><FONT face=serif size=2>Background</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>The Board
adopted an amended and restated version of the Company&#146;s Key Executive Long-Term
Cash Incentive Plan on January 30, 2008 (as amended and restated, the &#147;LTIP&#148;),
and has directed that the LTIP be submitted to the stockholders for approval at
the Annual Meeting. The original version of the Key Executive Long-Term Cash
Incentive Plan was approved by the Company&#146;s stockholders in 2003. The approval
of the stockholders being sought hereby is necessary to ensure that awards made
pursuant to the LTIP will not be subject to the deduction limits under Section
162(m) of the Internal Revenue Code of 1986 (&#147;Code&#148;).</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>In
general, Section 162(m) of the Code places a limit on the deductibility for
federal income tax purposes of the compensation paid to the Named Executive
Officers (as defined below under &#147;Executive Compensation&#151;Fiscal Year 2007
Summary Compensation Table), other than Messrs. McLaughlin, Friedrich and Giese,
who were employed by the Company at the end of fiscal year 2007. Under Section
162(m) of the Code, compensation paid to such executives in excess of $1 million
in a taxable year is not generally deductible. However, compensation that
qualifies as &#147;performance-based&#148; as determined under Section 162(m) does not
count against the $1 million limitation. For purposes of Section 162(m) of the
Code, for compensation to be considered &#147;performance-based&#148; and thus not subject
to the deduction limitations, one of the requirements is that the material terms
of the performance goals under which compensation may be paid must be disclosed
to and approved by the Company&#146;s stockholders.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>For
purposes of Section 162(m) of the Code, the material terms of the LTIP include:
(i) the employees eligible to receive compensation, (ii) a description of the
business criteria on which the performance goal is based and (iii) the maximum
amount of compensation that can be paid to an employee under the performance
goal. Each of these aspects of the LTIP is discussed below, and stockholder
approval thereof will be deemed to constitute approval of each of these aspects
of the LTIP for purposes of the approval requirements of Section 162(m) of the
Code.</FONT></P>
<P align=center><FONT face=serif size=2>8</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><B><FONT face=serif size=2>Reasons for the LTIP</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>The Board
of Directors continues to believe that it is in the best interests of the
Company and its stockholders to provide for a stockholder-approved plan under
which awards paid to its executives can qualify for deductibility for federal
income tax purposes. Accordingly, the Company has structured the LTIP in a
manner such that payments under it can satisfy the requirements for
&#147;performance-based&#148; compensation within the meaning of Section 162(m) of the
Code. </FONT></P>
<P align=justify><B><FONT face=serif size=2>Summary of the LTIP</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>The
purpose of the LTIP is to reward selected senior-level executives who make
important contributions to the long-term financial and strategic performance of
the Company and its operations. The following is only a summary description of
the LTIP and is qualified in it entirety by reference to the full text of the
LTIP attached as Exhibit B. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>The LTIP
is administered by the Compensation Committee. The Compensation Committee has
the authority to make all determinations necessary or advisable for the ongoing
administration of the LTIP and to correct or supply any omission or to reconcile
any inconsistency in the LTIP in the manner and to the extent that the
Compensation Committee, in its sole discretion, deems desirable to carry the
LTIP into effect.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>The LTIP
provides an opportunity for participants to earn a cash payment following the
completion of a Performance Cycle (as defined below) based on the Company&#146;s
performance relative to performance objectives for that Performance Cycle.
&#147;Performance Cycles&#148; are established by the Compensation Committee and are
currently three years in length, and a new Performance Cycle begins each fiscal
year. New performance objectives are established by the Compensation Committee
for each Performance Cycle from among the following measures: revenue, net cash
flow, net income, operating income, earnings per share, return on sales, return
on equity, return on net assets employed, and return on total
capital.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Cash
awards may be made under the LTIP to persons who are executive officers, other
key employees and consultants who are recommended by the Company&#146;s Chief
Executive Officer and approved by the Compensation Committee. Participation in
any one Performance Cycle does not guarantee the right to participate in any
subsequent Performance Cycle. Notwithstanding the foregoing, the Compensation
Committee may extend participation or benefits to any participant as it deems
fit in its sole and absolute discretion. Eleven executives are currently
eligible to participate in the LTIP.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>For each
Performance Cycle, the Compensation Committee assigns cash compensation targets
to each participant, expressed as a percentage of the participant&#146;s salary (a
&#147;Target Award&#148; ), based on the participant&#146;s level of responsibility, ability to
influence long-term Company performance, and competitive pay considerations. In
addition, the Compensation Committee establishes performance objectives for the
Performance Cycle as well as the relationship between awards and different
levels of achievement relative to the performance objectives. A participant&#146;s
Target Award and the relationship between the participant&#146;s award and different
levels of achievement are described in a Participation Agreement entered into
between the Company and the participant for each Performance Cycle, a form of
which is attached as Exhibit B.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>The
Compensation Committee will normally not adjust a participant&#146;s Target Award
during a Performance Cycle, but it reserves the right to adjust a Target Award
downward in special circumstances as it deems fit, such as for example, due to
the demotion of a participant provided that, in general, no such adjustments
shall be made if such adjustments are inconsistent with Section 162(m) of the
Code. In the event of a decrease in a participant&#146;s Target Award during a
Performance Cycle, calculation of the participant&#146;s award for that Performance
Cycle will be based on prorating each Target Award according to the number of
days each was in effect during the Performance Cycle.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Awards
are determined by the Compensation Committee in accordance with the
Participation Agreement entered into between the Company and participants no
later than 90 days following the end of each Performance Cycle. The LTIP does
not provide for discretionary payments outside of awards determined in
accordance with the LTIP. However, the Compensation Committee reserves the right
to adjust downward awards for any Performance Cycle if the Compensation
Committee deems, in its sole discretion, that Company performance for the
Performance Cycle was materially influenced by events not anticipated at the
time that the performance objectives were established. The maximum amount of
cash compensation payable to any individual under the LTIP in any one calendar
year is limited to $1 million.</FONT></P>
<P align=center><FONT face=serif size=2>9</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>The LTIP
provides that awards must be paid in cash no later than 90 days following the
end of the Performance Cycle, but in no event later than the 15<SUP>th</SUP> day
of the third month following the end of the year in which the Performance Cycle
ends.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>In the
event of a participant&#146;s termination of service for &#147;cause&#148; (as defined in the
LTIP), the participant will not be entitled to receive an award with respect to
the corresponding Performance Cycle. In the event of a participant&#146;s termination
of service for any reason other than for cause, death, disability or retirement
prior to the end of a Performance Cycle, the participant will not be entitled to
receive an award with respect to the corresponding Performance Cycle unless the
number of full months of the participant&#146;s service with the company during the
Performance Cycle, divided by the number of months in the Performance Cycle,
exceeds 50%, in which case the participant will be entitled to a pro-rata
portion of an award for that Performance Cycle. In the event of a participant&#146;s
termination of service due to death, disability or retirement, the participant&#146;s
award will be prorated according to formulas specified in the LTIP.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Upon a
change of control of the Company prior to the end of any Performance Cycle, each
participant will be entitled to receive an award under the LTIP equal to the
participant&#146;s Target Award for the Performance Cycle based on the assumption
that the participant&#146;s salary immediately prior to the change of control would
remain constant for the remaining period of the Performance Cycle.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>The Board
may terminate, suspend or revoke the LTIP, with or without notice. However,
unless required by law, no change may be made to the LTIP that adversely affects
an award due for a completed Performance Cycle or as a result of a change of
control with the consent of the affected participant. Upon amendment, suspension
or revocation of the LTIP, the Compensation Committee may, at its sole
discretion, authorize the proration or early distribution, or a combination
thereof, of awards under the LTIP, but only to the extent consistent with
Section 409A of the Code.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I><FONT face=serif size=2>THE
BOARD RECOMMENDS A VOTE FOR THE PROPOSAL TO APPROVE THE COMPANY&#146;S AMENDED AND
RESTATED KEY EXECUTIVE LONG-TERM CASH INCENTIVE PLAN, AND THE ENCLOSED PROXY
CARD WILL BE SO VOTED UNLESS THE STOCKHOLDER SPECIFIES
OTHERWISE</FONT></I></B><FONT face=serif size=2>.</FONT></P>
<P align=center><B><FONT face=serif size=2>RATIFICATION OF RIGHTS AGREEMENT
<BR>(PROXY ITEM 4)</FONT></B></P>
<P align=justify><B><FONT face=serif size=2>Background</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>The
Company&#146;s stockholders are being asked to ratify the Rights Agreement entered
into between the Company and Computershare Trust Company, N.A., as Rights Agent,
on November 12, 2007 (the &#147;Rights Agreement&#148;). While none of the Company&#146;s
Certificate of Incorporation, Bylaws or applicable law require stockholder
approval of a rights agreement or any similar arrangement, the Board has
determined to request stockholder ratification of the Rights Agreement as a
matter of good corporate governance. If the Rights Agreement is not ratified by
the stockholders it will expire by its terms on November 11, 2008, as discussed
below under &#147;Summary of the Rights Agreement&#151;Term.&#148; The terms of the Rights
Agreement have been tailored to meet the published guidelines of the Corporate
Governance Policies and Guidelines issued by Institutional Shareholder Services
(&#147;ISS&#148;), a proxy advisory firm for many institutional investors.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>The
Rights Agreement is designed to, among other things, deter the use of coercive
or abusive takeover tactics by one or more parties interested in acquiring the
Company or a significant position in the Company&#146;s common stock without offering
fair value to all stockholders, as well as to generally assist the Board in
representing the interests of all stockholders in connection with any takeover
proposals. The Rights Agreement accomplishes these objectives by encouraging a
potential acquiror to negotiate with the Board to have the rights redeemed prior
to such party exceeding the ownership thresholds set forth in the Rights
Agreement. If the rights are not redeemed and such party exceeds the ownership
thresholds, the rights become exercisable at a discounted price resulting in
both a dilution of the party&#146;s holdings in the Company and making an acquisition
thereof prohibitively more expensive by significantly increasing the number of
shares of common stock that would have to be acquired to effect a
takeover.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>The
Company&#146;s previous rights agreement expired by its terms on December 16, 2006.
As a result, on November 12, 2007, the Company entered into the Rights
Agreement. In considering the terms of the Rights Agreement, the Board consulted
a proxy advisory firm, a financial advisor, published ISS guidelines and market
</FONT></P>
<P align=center><FONT face=serif size=2>10</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE><BR>
<P align=justify><FONT face=serif size=2>literature. The result was that the
Board approved the Rights Agreement in a form that includes a number of
additional progressive provisions known as the ISS &#147;best practice&#148; provisions.
</FONT><B><FONT face=serif size=2>The Board&#146;s decision to adopt the Rights
Agreement was not made in response to, or in anticipation of, any acquisition
proposal and is not intended to prevent a non-coercive takeover bid or to keep
the current management or directors in office.</FONT></B></P>
<P align=justify><B><FONT face=serif size=2>Reasons for the Rights
Agreement</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>The Board
believes that the Rights Agreement is in the best interests of the Company&#146;s
stockholders for several reasons. First, the Rights Agreement enables the Board,
as elected representatives of the stockholders, to better respond to an
unsolicited acquisition proposal. However, it does not prevent parties from
making an unsolicited offer for or acquisition of the Company at a full and fair
price. The Rights Agreement gives the Board the ability to defend stockholders
against abusive tactics that could be used to gain control of the Company
without paying stockholders a fair price for their shares. It also ensures that
all stockholders are treated fairly and equally in an acquisition of the
Company.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>The
Rights Agreement also encourages potential acquirors to negotiate in good faith
with the Board. This gives the Board significant power to negotiate on behalf of
the stockholders to achieve a fair price that is consistent with the intrinsic
value of the Company. It also blocks any transaction involving an acquiror who
is unwilling to pay a reasonable premium over the then current market price. In
any event the Board still has the same responsibilities to consider acquisition
proposals in a manner consistent with the directors&#146; fiduciary duties to
stockholders.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>The
Rights Agreement also gives the Board the ability to run an auction of the
Company or other sale process to the extent the Board has decided to sell the
Company. It allows the Board to protect a negotiated transaction from uninvolved
third parties once the auction or other sale process is completed. It also slows
the process by which a potential acquiror may gain control of the Company,
thereby affording the Board additional time to evaluate a proposed transaction
and, if necessary, seek alternative courses of action to maximize stockholder
value.</FONT></P>
<P align=justify><B><FONT face=serif size=2>Summary of the Rights
Agreement</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>The
following is a summary of certain material terms of the Rights Agreement. The
statements below are only a summary and they are qualified in their entirety by
reference to the terms of the Rights Agreement, which was filed as an exhibit to
the Company&#146;s Registration Statement on Form 8-A filed on November 13,
2007.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT face=serif size=2>Distribution of Rights.</FONT></B><FONT face=serif size=2> On September
19, 2007, the Board declared a dividend of one right (a &#147;Right&#148;) for each share
of the Company&#146;s common stock outstanding on November 16, 2007. Each Right
entitles the holder thereof to purchase, subject to certain adjustments, one
one-hundredth (1/100) of a share of the Company&#146;s Series A Junior Participating
Cumulative Preferred Stock (the &#147;Preferred Shares&#148;). Until the Rights become
exercisable, all further issuances of common stock, including common stock
issuable upon the exercise of outstanding options and warrants, carry the
rights.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT face=serif size=2>Term.</FONT></B><I><FONT face=serif size=2> </FONT></I><FONT face=serif size=2>The Rights expire on November 11, 2008 unless approved by the Company&#146;s
stockholders, in which case the Rights expire on November 11, 2010, unless
earlier redeemed or exchanged.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT face=serif size=2>Independent Director Review.</FONT></B><FONT face=serif size=2> If the
stockholders ratify the Rights Agreement, a committee of the Board comprised
entirely of independent directors will evaluate the Rights Agreement at least
once prior to the third anniversary of the Rights Agreement, to determine
whether the Rights Agreement continues to be in the best interests of the
Company&#146;s stockholders or, rather, if the Rights should be redeemed.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT face=serif size=2>Events
Causing Exercisability of the Rights.</FONT></B><I><FONT face=serif size=2>
</FONT></I><FONT face=serif size=2>The Rights become exercisable upon the
earliest of the following dates:</FONT></P>
<TABLE style="TEXT-ALIGN: justify" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top noWrap>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="PADDING-TOP: 2pt" vAlign=top noWrap><FONT face=serif size=2>1.</FONT></TD>
    <TD vAlign=top noWrap>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD width="100%"><FONT face=serif size=2>the tenth (10<SUP>th</SUP>)
      business day following the date of first public announcement that any
      person has acquired 20% or more of the Company&#146;s voting stock (any such
      person, a &#147;Triggering Stockholder&#148; and the date of such public
      announcement, the &#147;Triggering Date&#148;);</FONT></TD></TR>
  <TR>
    <TD noWrap></TD>
    <TD width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap></TD>
    <TD style="PADDING-TOP: 2pt" vAlign=top noWrap><FONT face=serif size=2>2.</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD width="100%"><FONT face=serif size=2>the tenth (10<SUP>th</SUP>)
      business day, or such later day as designated by the Board, following the
      date of the commencement of, or the announcement of an intention to make,
      an acquisition offer, the consummation of which would cause any person to
      become a Triggering Stockholder; or</FONT></TD></TR></TABLE>
<P align=center><FONT face=serif size=2>11</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE><BR>
<TABLE style="TEXT-ALIGN: justify" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top noWrap>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD vAlign=top noWrap><FONT face=serif size=2>3.</FONT></TD>
    <TD vAlign=top noWrap>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD width="100%"><FONT face=serif size=2>the first date on or after the
      Triggering Date on which a transaction is consummated in which (a) the
      Company is not the surviving entity, (b) the outstanding shares of common
      stock are exchanged for stock or assets of another person, or (c) 50% or
      more of the Company&#146;s consolidated assets or earning power are sold (each,
      a &#147;Flip-Over Event&#148;).</FONT></TD></TR></TABLE>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT face=serif size=2>Effect
of a &#147;Flip In&#148; Event.</FONT></B><FONT face=serif size=2> In the event any person
becomes a Triggering Stockholder, a &#147;Flip-In Event&#148; will be deemed to have
occurred. Following the occurrence of a Flip-In Event, each right will &#147;flip-in&#148;
and become a right to receive, upon payment of the purchase price, $150.00,
subject to adjustment as set forth in the Rights Agreement (the &#147;Purchase
Price&#148;), a number of shares of common stock having a market value equal to two
times the Purchase Price. If the Company does not have sufficient number of
shares of common stock available for all Rights to be exercised, the Company
will substitute for all or any portion of the shares of common stock that would
otherwise be issuable upon the exercise of the Rights, cash, assets or other
securities having the same aggregate value as such shares of common stock.
</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT face=serif size=2>Effect
of a &#147;Flip-Over&#148; Event.</FONT></B><I><FONT face=serif size=2> </FONT></I><FONT face=serif size=2>If, following the date someone first becomes a Triggering
Stockholder, a Flip-Over Event occurs, then each Right will be exercisable to
purchase, at the Purchase Price, shares of common stock of the surviving
corporation or purchaser with an aggregate market value equal to two times the
Purchase Price.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT face=serif size=2>Exclusion of Acquiror.</FONT></B><FONT face=serif size=2> Rights held by
a Triggering Stockholder and certain related persons are void. </FONT></P>
<P align=justify><FONT face=serif size=2><FONT size=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><STRONG>Qualified Offer and
Stockholder Redemption.</STRONG></FONT><I><FONT face=serif size=2>
</FONT></I><FONT face=serif size=2>Notwithstanding the foregoing, the Rights
Agreement would not be triggered by an all cash, fully financed cash offer for
100% of the outstanding shares of common stock at a per share offer price which
represents a reasonable premium over the then current market price of a share of
common stock for a period of 30 trading days immediately preceding the date on
which the offer is commenced (a &#147;Qualified Offer&#148;). Stockholders may redeem the
Rights in respect of a Qualified Offer, in which case, immediately thereafter,
the right to exercise Rights will terminate and the only right of the holders of
Rights thereafter will be to receive the Redemption Price, as defined
below.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT face=serif size=2>The
Board may Redeem the Rights.</FONT></B><FONT face=serif size=2> The Board may,
at its option, direct the Company to redeem the Rights in whole, but not in
part, at a price of $0.01 per Right (the &#147;Redemption Price&#148;) at any time prior
to the earlier of (i) the tenth (10<SUP>th</SUP>) business day following the
Triggering Date or (ii) the first Flip-Over Event. The date the Board takes such
action is referred to as the &#147;Redemption Date.&#148; Immediately upon such action by
the Board the right to exercise Rights will terminate and the only right of the
holders of Rights thereafter will be to receive the Redemption Price.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT face=serif size=2>Amendments to the Rights Agreement.</FONT></B><I><FONT face=serif size=2>
</FONT></I><FONT face=serif size=2>The Board may amend the Rights Agreement in
any manner prior to the Rights becoming exercisable, except that the Board may
not amend the Rights Agreement to extend the expiration date or delete any
provisions in respect of the independent director review or a Qualified Offer.
However, the Rights Agreement may not be amended after the earliest of (i) the
tenth (10</FONT><FONT face=serif size=2><SUP>th</SUP>) </FONT><FONT face=serif size=2>business day following the Triggering Date, (ii) the first Flip-Over
Event or (iii) the Redemption Date, if such amendment would materially and
adversely affect any holder of outstanding Rights other than the Triggering
Stockholder.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT face=serif size=2>No
Stockholder Rights Prior to Exercise.</FONT></B><I><FONT face=serif size=2>
</FONT></I><FONT face=serif size=2>Until a Right is exercised, the holder
thereof has no rights as a stockholder of the Company, other than rights
resulting from such holder&#146;s ownership of the shares of common stock to which
the Rights are attached, including, without limitation, the right to vote or to
receive dividends. </FONT></P>
<P align=justify><B><FONT face=serif size=2>Stockholder
Ratification</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Stockholders are being asked to ratify the Rights Agreement in an effort
to determine the stockholders&#146; viewpoint on the advisability of the Rights
Agreement. If the stockholders do not ratify the Rights Agreement, the Board
intends to reevaluate the Rights Agreement and determine whether it believes the
Rights Agreement in its current form continues to be in the stockholders&#146; best
interests. The Board may, as a result of such reevaluation and determination,
among other things, terminate the Rights Agreement, modify the terms of the
Rights Agreement or allow the Rights Agreement to remain in place without change
to expire by its terms on November 11, 2008.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I><FONT face=serif size=2>THE
BOARD RECOMMENDS A VOTE &#147;FOR&#148; THE RATIFICATION OF THE RIGHTS AGREEMENT, AND THE
ENCLOSED PROXY CARD WILL BE SO VOTED UNLESS THE STOCKHOLDER SPECIFIES OTHERWISE.
</FONT></I></B></P>
<P align=center><FONT face=serif size=2>12</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=center><B><FONT face=serif size=2>VOTING SECURITIES AND PRINCIPAL
HOLDERS THEREOF</FONT></B></P>
<P align=justify><B><FONT face=serif size=2>Security Ownership of Certain
Beneficial Owners</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>The table
below sets forth information with respect to the Common Stock held by each
person who beneficially owns, as of the dates set forth below, more than five
percent of the Common Stock, based upon information provided to the Company by
each stockholder.</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="83%" colSpan=2><B><FONT face=serif size=1>Name and Address</FONT></B>&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=center width="12%" colSpan=2><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>Number of Shares of
      Stock</STRONG></FONT> </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="3%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="7%"><B><FONT face=serif size=1>of Beneficial Owner</FONT></B> </TD>
    <TD noWrap align=left width="76%">&nbsp;</TD>
    <TD noWrap align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="12%" colSpan=2><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>Beneficially Owned/As Of</STRONG></FONT> </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="3%"><FONT face=serif size=1><FONT size=3></FONT><STRONG>Percent</STRONG></FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="83%" bgColor=#c0c0c0 colSpan=2><FONT face=serif size=2>Tontine Overseas Associates, L.L.C.</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;&nbsp;&nbsp;&nbsp;
    </TD>
    <TD noWrap align=right width="11%" bgColor=#c0c0c0><FONT face=serif size=2>903,300/December 31, 2007</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>&nbsp;(1)</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;&nbsp;&nbsp;&nbsp;
    </TD>
    <TD noWrap align=center width="3%" bgColor=#c0c0c0><FONT face=serif size=2><FONT size=3>&nbsp;</FONT>9.86</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="83%" bgColor=#c0c0c0 colSpan=2><FONT face=serif size=2><FONT size=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Tontine Capital
      Partners, L.P.</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="11%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="83%" bgColor=#c0c0c0 colSpan=2><FONT face=serif size=2><FONT size=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Tontine Capital
      Management, L.L.C.</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="11%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="83%" bgColor=#c0c0c0 colSpan=2><FONT face=serif size=2><FONT size=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Jeffery L.
      Gendell</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="11%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="83%" bgColor=#c0c0c0 colSpan=2>&nbsp; &nbsp;
      &nbsp; &nbsp;<FONT face=serif size=2>55 Railroad Avenue, 3<SUP>rd</SUP>
      Floor</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="11%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="83%" bgColor=#c0c0c0 colSpan=2>&nbsp; &nbsp;
      &nbsp; &nbsp;<FONT face=serif size=2>Greenwich, CT 06830</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="11%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR>
    <TD width="100%" colSpan=7>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="83%" bgColor=#c0c0c0 colSpan=2><FONT face=serif size=2>T. Rowe Price Associates, Inc.</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="11%" bgColor=#c0c0c0><FONT face=serif size=2>831,200/November 30, 2007</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>&nbsp;(2)</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="3%" bgColor=#c0c0c0><FONT face=serif size=2><FONT size=3>&nbsp;</FONT>9.08</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="83%" bgColor=#c0c0c0 colSpan=2>&nbsp; &nbsp;
      &nbsp; &nbsp;<FONT face=serif size=2>100 E. Pratt Street</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="11%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="83%" bgColor=#c0c0c0 colSpan=2>&nbsp; &nbsp;
      &nbsp; &nbsp;<FONT face=serif size=2>Baltimore, MD 21202</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="11%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR>
    <TD width="100%" colSpan=7>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="83%" bgColor=#c0c0c0 colSpan=2><FONT face=serif size=2>Estate of Taro Iketani</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="11%" bgColor=#c0c0c0><FONT face=serif size=2>612,792/December 20, 2007</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="3%" bgColor=#c0c0c0><FONT face=serif size=2><FONT size=3>&nbsp;</FONT>6.69</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="83%" bgColor=#c0c0c0 colSpan=2>&nbsp; &nbsp;
      &nbsp; &nbsp;<FONT face=serif size=2>Funakawara 18, Ichigaya</FONT>&nbsp;
    </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="11%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="83%" bgColor=#c0c0c0 colSpan=2>&nbsp; &nbsp;
      &nbsp; &nbsp;<FONT face=serif size=2>Shinjuku-ku</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="11%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="83%" bgColor=#c0c0c0 colSpan=2>&nbsp; &nbsp;
      &nbsp; &nbsp;<FONT face=serif size=2>Tokyo, Japan</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="11%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR>
    <TD width="100%" colSpan=7>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="83%" bgColor=#c0c0c0 colSpan=2><FONT face=serif size=2>Invesco PLC</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="11%" bgColor=#c0c0c0><FONT face=serif size=2>538,097/September 30, 2007</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="3%" bgColor=#c0c0c0><FONT face=serif size=2><FONT size=3>&nbsp;</FONT>5.88</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="83%" bgColor=#c0c0c0 colSpan=2>&nbsp; &nbsp;
      &nbsp; &nbsp;<FONT face=serif size=2>30 Finsbury Square</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="11%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="83%" bgColor=#c0c0c0 colSpan=2>&nbsp; &nbsp;
      &nbsp; &nbsp;<FONT face=serif size=2>London EC2A 1AG England</FONT>&nbsp;
    </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="11%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR>
    <TD width="100%" colSpan=7>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="83%" bgColor=#c0c0c0 colSpan=2><FONT face=serif size=2>Bank of New York Mellon Corporation</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="11%" bgColor=#c0c0c0><FONT face=serif size=2>492,990/September 30, 2007</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="3%" bgColor=#c0c0c0><FONT face=serif size=2><FONT size=3>&nbsp;</FONT>5.38</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="83%" bgColor=#c0c0c0 colSpan=2>&nbsp; &nbsp;
      &nbsp; &nbsp;<FONT face=serif size=2>One Wall Street, 31<SUP>st</SUP>
      Floor</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="11%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="83%" bgColor=#c0c0c0 colSpan=2>&nbsp; &nbsp;
      &nbsp; &nbsp;<FONT face=serif size=2>New York, NY 10286</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="11%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp;
</TD></TR></TABLE>____________________<BR>&nbsp;<BR>
<TABLE style="TEXT-ALIGN: justify" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>(1)</FONT></TD>
    <TD vAlign=top noWrap>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD width="100%"><FONT face=serif size=2>Tontine Overseas Associates,
      L.L.C. (&#147;TOA&#148;) stated it is a Delaware limited liability company which
      serves as investment manager to Tontine Capital Overseas Master Fund, L.P.
      (&#147;TCO&#148;), a Cayman Islands partnership, Tontine Capital Partners, L.P.
      (&#147;TCP&#148;) stated it is a Delaware limited partnership, Tontine Capital
      Management, L.L.C. (&#147;TCM&#148;) stated that it is a Delaware limited liability
      company, and Jeffrey L. Gendell (&#147;Mr. Gendell&#148;) stated that he is a U.S.
      Citizen. It is further stated that Mr. Gendell is managing member of TCM
      and TOA, and that TCM is general partner of TCP. It is further stated that
      Mr. Gendell, TCM, TCP and TOA have shared voting power and shared
      dispositive power with respect to the 903,300 shares reported to be
      beneficially owned by them.</FONT></TD></TR>
  <TR>
    <TD width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>(2)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD width="100%"><FONT face=serif size=2>T. Rowe Price Associates, Inc.
      stated that these securities are owned by various individual and
      institutional investors, including T. Rowe Price Small Cap Value Fund,
      Inc. which owns 520,000 shares, representing 5.68% of the shares
      outstanding, which T. Rowe Price Associates, Inc. (&#147;Price Associates&#148;)
      serves as investment adviser with power to direct investments and/or power
      to vote the securities. For purposes of the reporting requirements of the
      Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;) Price
      Associates is deemed to be a beneficial owner of such securities; however,
      Price Associates expressly disclaims that it is, in fact, the beneficial
      owner of such securities.</FONT></TD></TR></TABLE>
<P align=center><FONT face=serif size=2>13</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><B><FONT face=serif size=2>Security Ownership of Management
</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>The table
below sets forth information, as of February 1, 2008, with respect to the Common
Stock beneficially owned by each director, nominee for director and Named
Executive Officer (as defined below under &#147;Executive Compensation&#151;Fiscal Year
2007 Summary Compensation Table&#148;), as well as by all directors and executive
officers as a group:</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="79%" colSpan=2></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>Number of</STRONG></FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>Number of</STRONG></FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=left width="4%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="79%" colSpan=2></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=center width="4%" colSpan=2><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>Number of</STRONG></FONT>&nbsp;</TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>Vested Shares</STRONG></FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>Rights to</STRONG></FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=left width="4%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="79%" colSpan=2></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=center width="4%" colSpan=2><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>Shares of Stock</STRONG></FONT>&nbsp;</TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>Held in Trust</STRONG></FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>Acquire</STRONG></FONT>&nbsp;</TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=left width="4%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="79%" colSpan=2></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=center width="4%" colSpan=2><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>Beneficially</STRONG></FONT>&nbsp;</TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>Under 401(k)</STRONG></FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>Beneficial</STRONG></FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=left width="4%"></TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="3%"><B><FONT face=serif size=1>Name</FONT></B> </TD>
    <TD noWrap align=left width="76%">&nbsp;</TD>
    <TD noWrap align=left width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="4%" colSpan=2><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>Owned
      (1) #</STRONG></FONT>&nbsp;</TD>
    <TD noWrap align=left width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>Plan
      #</STRONG></FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="4%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>Ownership (2) #</STRONG></FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="4%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>Percent (3)</STRONG></FONT>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="79%" bgColor=#c0c0c0 colSpan=2><B><FONT face=serif size=2>DIRECTORS AND NOMINEES:</FONT></B> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="4%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="4%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="79%" colSpan=2>&nbsp; &nbsp; &nbsp;
      &nbsp;<FONT face=serif size=2>David Davenport</FONT> </TD>
    <TD noWrap align=left width="1%">&nbsp;</TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=2>2,200</FONT> </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="5%"><FONT size=2><FONT face=serif>&#151;
      </FONT>&nbsp;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=right width="4%"><FONT face=serif size=2>1,500</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=center width="4%"><FONT face=serif size=2><FONT size=3>&nbsp;</FONT>*</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="79%" bgColor=#c0c0c0 colSpan=2>&nbsp; &nbsp;
      &nbsp; &nbsp;<FONT face=serif size=2>J. Michael Hagan</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>16,485</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2><FONT size=3>&nbsp;</FONT>(4)</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT size=2><FONT face=serif>&#151; </FONT>&nbsp;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>14,250</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=serif size=2><FONT size=3>&nbsp;</FONT>*</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="79%" colSpan=2>&nbsp; &nbsp; &nbsp;
      &nbsp;<FONT face=serif size=2>Terry L. Haines</FONT> </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=2>8,780</FONT> </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="5%"><FONT size=2><FONT face=serif>&#151;
      </FONT>&nbsp;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=right width="4%"><FONT face=serif size=2>7,500</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=center width="4%"><FONT face=serif size=2><FONT size=3>&nbsp;</FONT>*</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="79%" bgColor=#c0c0c0 colSpan=2>&nbsp; &nbsp;
      &nbsp; &nbsp;<FONT face=serif size=2>William D. Horsfall</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>1,300</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT size=2><FONT face=serif>&#151; </FONT>&nbsp;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>&#151;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=serif size=2><FONT size=3>&nbsp;</FONT>*</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="79%" colSpan=2>&nbsp; &nbsp; &nbsp;
      &nbsp;<FONT face=serif size=2>John E. Peppercorn</FONT> </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=2>6,200</FONT> </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="5%"><FONT size=2><FONT face=serif>&#151;
      </FONT>&nbsp;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=right width="4%"><FONT face=serif size=2>14,250</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=center width="4%"><FONT face=serif size=2><FONT size=3>&nbsp;</FONT>*</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="79%" bgColor=#c0c0c0 colSpan=2>&nbsp; &nbsp;
      &nbsp; &nbsp;<FONT face=serif size=2>Dennis C. Poulsen</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>4,200</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT size=2><FONT face=serif>&#151; </FONT>&nbsp;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>1,500</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=serif size=2><FONT size=3>&nbsp;</FONT>*</FONT> </TD></TR>
  <TR>
    <TD width="100%" colSpan=11>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="79%" bgColor=#c0c0c0 colSpan=2><B><FONT face=serif size=2>NAMED EXECUTIVE OFFICERS:</FONT></B> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="4%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="79%" colSpan=2>&nbsp; &nbsp; &nbsp;
      &nbsp;<FONT face=serif size=2>James S. Marlen</FONT> </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=2>41,020</FONT>
</TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="5%"><FONT size=2><FONT face=serif>168
      </FONT>&nbsp;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="4%"><FONT face=serif size=2>&#151;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=center width="4%"><FONT face=serif size=2><FONT size=3>&nbsp;</FONT>*</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="79%" bgColor=#c0c0c0 colSpan=2>&nbsp; &nbsp;
      &nbsp; &nbsp;<FONT face=serif size=2>James R. McLaughlin</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>3,018</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT size=2><FONT face=serif>248 </FONT>&nbsp;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>&#151;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=serif size=2><FONT size=3>&nbsp;</FONT>*</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="79%" colSpan=2>&nbsp; &nbsp; &nbsp;
      &nbsp;<FONT face=serif size=2>Gary Wagner</FONT> </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=2>30,203</FONT>
</TD>
    <TD noWrap align=left width="1%"><FONT face=serif size=2><FONT size=3>&nbsp;</FONT>(5)</FONT> </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="5%"><FONT size=2><FONT face=serif>&#151;
      </FONT>&nbsp;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=right width="4%"><FONT face=serif size=2>&#151;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=center width="4%"><FONT face=serif size=2><FONT size=3>&nbsp;</FONT>*</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="79%" bgColor=#c0c0c0 colSpan=2>&nbsp; &nbsp;
      &nbsp; &nbsp;<FONT face=serif size=2>Javier Solis</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>21,462</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT size=2><FONT face=serif>&#151; </FONT>&nbsp;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>&#151;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=serif size=2><FONT size=3>&nbsp;</FONT>*</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="79%" colSpan=2>&nbsp; &nbsp; &nbsp;
      &nbsp;<FONT face=serif size=2>Ralph S. Friedrich</FONT> </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=2>1,018</FONT> </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="5%"><FONT size=2><FONT face=serif>&#151;
      </FONT>&nbsp;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=right width="4%"><FONT face=serif size=2>&#151;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=center width="4%"><FONT face=serif size=2><FONT size=3>&nbsp;</FONT>*</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="79%" bgColor=#c0c0c0 colSpan=2>&nbsp; &nbsp;
      &nbsp; &nbsp;<FONT face=serif size=2>Thomas P. Giese</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>4,033</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT size=2><FONT face=serif>&#151; </FONT>&nbsp;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>&#151;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=serif size=2><FONT size=3>&nbsp;</FONT>*</FONT> </TD></TR>
  <TR>
    <TD width="100%" colSpan=11>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="79%" bgColor=#c0c0c0 colSpan=2><B><FONT face=serif size=2>DIRECTORS AND OFFICERS AS A GROUP</FONT></B> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="4%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="4%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="79%" bgColor=#c0c0c0 colSpan=2>&nbsp; &nbsp;
      &nbsp; &nbsp;<B><FONT face=serif size=2>(INCLUDING THOSE ABOVE)</FONT></B>
    </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>139,919</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=serif size=2>515 &nbsp;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>39,000<FONT size=3>&nbsp;</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=serif size=2><FONT size=3>&nbsp;</FONT>1.53%
(6)</FONT>&nbsp;</TD></TR></TABLE>____________________<BR><BR>
<TABLE style="TEXT-ALIGN: justify" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>(1)</FONT></TD>
    <TD vAlign=top noWrap>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD width="100%"><FONT face=serif size=2>Direct ownership except as
      otherwise noted.</FONT></TD></TR>
  <TR>
    <TD width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>(2)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD width="100%"><FONT face=serif size=2>Represents shares subject to
      options which could be exercised by April 1, 2008 by the named individuals
      or the Group.</FONT></TD></TR>
  <TR>
    <TD width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>(3)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD width="100%"><FONT face=serif size=2>Shares of stock beneficially
      owned and vested shares held under 401(k) Plan as a percent of total
      outstanding shares as of February 1, 2008.</FONT></TD></TR>
  <TR>
    <TD width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>(4)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD width="100%"><FONT face=serif size=2>Held in Hagan Family Trust, a
      Living Trust.</FONT></TD></TR>
  <TR>
    <TD width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>(5)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD width="100%"><FONT face=serif size=2>4,709 of these shares are owned
      jointly with his wife.</FONT></TD></TR>
  <TR>
    <TD width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>(6)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD width="100%"><FONT face=serif size=2>If the 39,000 shares subject to
      exercisable options held by directors and officers as a group were
      included in the total amount of shares outstanding, then the percentage of
      Common Stock owned by the group would be 1.95%.</FONT></TD></TR>
  <TR>
    <TD vAlign=top noWrap>&nbsp;</TD>
    <TD vAlign=top noWrap>&nbsp;</TD>
    <TD width="100%">&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT size=2>*</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD width="100%"><FONT size=2>Percentage owned of less than 1% of total
      outstanding shares not shown.</FONT></TD></TR></TABLE>
<P align=justify><B><FONT face=serif size=2>Section 16(a) Beneficial Ownership
Reporting Compliance</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Section
16(a) of the Exchange Act requires the Company&#146;s directors, executive officers
and holders of more than 10% of Common Stock to file with the SEC initial
reports of ownership and reports of changes in ownership of Common Stock and
other equity securities of the Company. The Company believes that during the
fiscal year ended November 30, 2007 all Section 16(a) filing requirements were
met except that one Form 4 was filed late to report the purchase of Common Stock
under the Company&#146;s 401(k) Savings Plan by Daniel J. Emmett. The Form 4 was
promptly filed upon discovery of the inadvertent omission. </FONT></P>
<P align=center><FONT face=serif size=2>14</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><B><FONT face=serif size=2>Equity Compensation Plan Information
</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>The
following table sets forth certain information as of November 30, 2007,
regarding the Company&#146;s 1994 Non-Employee Director Stock Option Plan, the 2001
Stock Incentive Plan and the 2004 Stock Incentive Plan.</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="75%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=center width="7%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>Number of</STRONG></FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="6%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>Weighted-</STRONG></FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="8%"><FONT face=serif size=1><FONT size=3></FONT><STRONG>Number of Securities</STRONG></FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="75%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=center width="7%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>Securities to</STRONG></FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="6%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>Average</STRONG></FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="8%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>Remaining Available</STRONG></FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="75%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=center width="7%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>be Issued Upon</STRONG></FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="6%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>Exercise Price</STRONG></FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="8%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>for Future Issuance</STRONG></FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="75%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=center width="7%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>Exercise of</STRONG></FONT> </TD>
    <TD noWrap align=center width="1%">&nbsp;</TD>
    <TD noWrap align=center width="6%"><FONT face=serif size=1><FONT size=3></FONT><STRONG>of Outstanding</STRONG></FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="8%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>under Equity</STRONG></FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="75%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=center width="7%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>Outstanding</STRONG></FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="6%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>Options,</STRONG></FONT> </TD>
    <TD noWrap align=center width="1%">&nbsp;</TD>
    <TD noWrap align=center width="8%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>Compensation Plans</STRONG></FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="75%">&nbsp; </TD>
    <TD noWrap align=left width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD noWrap align=center width="7%"><FONT face=serif size=1><FONT size=3></FONT><STRONG>Options, Warrants</STRONG></FONT> </TD>
    <TD noWrap align=left width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD noWrap align=center width="6%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>Warrants and</STRONG></FONT> </TD>
    <TD noWrap align=left width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD noWrap align=center width="8%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>(Excluding Securities</STRONG></FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="75%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="7%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>and
      Rights #</STRONG></FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="6%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>Rights $</STRONG></FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="8%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>Reflected in (a)) #</STRONG></FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="75%">&nbsp; </TD>
    <TD noWrap align=left width="1%">&nbsp;</TD>
    <TD noWrap align=center width="7%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>(a)</STRONG></FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="6%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>(b)</STRONG></FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="8%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>(c)</STRONG></FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="75%" bgColor=#c0c0c0><FONT face=serif size=2>Equity compensation plans approved by</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="7%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="6%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="8%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="75%" bgColor=#c0c0c0>&nbsp; &nbsp; &nbsp;
      &nbsp;<FONT face=serif size=2>security holders (1)</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="7%" bgColor=#c0c0c0><FONT face=serif size=2><FONT size=3>&nbsp;</FONT>54,250</FONT> </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="6%" bgColor=#c0c0c0><FONT face=serif size=2><FONT size=3>&nbsp;</FONT>30.80</FONT> </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="8%" bgColor=#c0c0c0><FONT face=serif size=2><FONT size=3>&nbsp;</FONT>298,950</FONT> </TD></TR>
  <TR>
    <TD width="99%" colSpan=7>&nbsp;&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="75%" bgColor=#c0c0c0><FONT face=serif size=2>Equity compensation plans not approved by</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="7%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="6%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="8%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="75%" bgColor=#c0c0c0>&nbsp; &nbsp; &nbsp;
      &nbsp;<FONT face=serif size=2>security holders (2)</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="7%" bgColor=#c0c0c0><FONT face=serif size=2><FONT size=3>&nbsp;</FONT>13,000</FONT> </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="6%" bgColor=#c0c0c0><FONT face=serif size=2><FONT size=3>&nbsp;</FONT>20.28</FONT> </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="8%" bgColor=#c0c0c0><FONT face=serif size=2><FONT size=3>&nbsp;&nbsp;&nbsp;&nbsp; </FONT>N/A</FONT> </TD></TR>
  <TR>
    <TD width="99%" colSpan=7>&nbsp;&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="75%" bgColor=#c0c0c0><FONT face=serif size=2>TOTAL</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="7%" bgColor=#c0c0c0><FONT face=serif size=2><FONT size=3>&nbsp;</FONT>67,250</FONT> </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="6%" bgColor=#c0c0c0><FONT face=serif size=2><FONT size=3>&nbsp;</FONT>28.77</FONT> </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="8%" bgColor=#c0c0c0><FONT face=serif size=2><FONT size=3>&nbsp;</FONT>298,950</FONT>
</TD></TR></TABLE>____________________<BR>&nbsp;<BR>
<TABLE style="TEXT-ALIGN: justify" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>(1)</FONT></TD>
    <TD vAlign=top noWrap>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD width="100%"><FONT face=serif size=2>The approved equity compensation
      plans consists of the 1994 Non-Employee Director Stock Option Plan, the
      2001 Stock Incentive Plan and the 2004 Stock Incentive Plan.</FONT></TD></TR>
  <TR>
    <TD width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>(2)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD width="100%"><FONT face=serif size=2>On January 24, 2001, the Board
      approved grants of options to purchase 6,000 shares of Common Stock to
      Non-management directors serving as a director at such time. These options
      are exercisable until January 24, 2011 and have an exercise price of
      $20.2813 per share, representing the fair market value of the shares on
      the date of the grant.</FONT></TD></TR></TABLE>
<P align=center><B><FONT face=serif size=2>COMPENSATION DISCUSSION AND
ANALYSIS</FONT></B></P>
<P align=justify><B><FONT face=serif size=2>Introduction</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>The
following section provides an overview and analysis of the Company&#146;s executive
compensation program. &#147;CEO&#148; and &#147;PEO&#148; refer to the Chief Executive Officer of
the Company. &#147;CFO&#148; and &#147;PFO&#148; refer to the Chief Financial Officer of the
Company.</FONT></P>
<P align=justify><B><FONT face=serif size=2>Administration</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>The
Company&#146;s executive compensation program is administered by the Compensation
Committee, which is composed of three independent directors. The Compensation
Committee has retained Mercer Consulting as its principal independent
compensation consultant with respect to the Company&#146;s executive compensation
matters. In its role as consultant to the Compensation Committee, Mercer
Consulting is retained directly by the Compensation Committee, which has the
authority to select, retain, and/or terminate its relationship with Mercer
Consulting at its sole discretion. The Compensation Committee typically reviews
the compensation of the Named Executive Officers on an annual basis in late
January or early February. The Compensation Committee typically requests the
recommendations of the CEO regarding the compensation of the CFO and other Named
Executive Officers other than himself; however, final decisions regarding the
compensation of all Named Executive Officers are made solely by the Compensation
Committee and authorized by the Board.</FONT></P>
<P align=justify><B><FONT face=serif size=2>Objectives</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Ameron is
a multinational manufacturer of highly-engineered products and materials for the
chemical, industrial, energy, transportation and infrastructure markets. Ameron
is the leading producer of water transmission lines; fiberglass-composite pipe
for transporting oil, chemicals and corrosive fluids and specialized materials
and products used in infrastructure products. One of the Company&#146;s major
strategic objectives is to maintain consistent and quality earnings across all
of the Company&#146;s areas of operations. These financial goals translate into the
creation </FONT></P>
<P align=center><FONT face=serif size=2>15</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><FONT face=serif size=2>of stockholder value and greater
returns for stockholders. The purpose of the compensation program is to support
these larger business imperatives and ultimately align the management team&#146;s
interests with Ameron&#146;s stockholders. To achieve this purpose, the specific
objectives of Ameron&#146;s compensation program are:</FONT></P>
<UL>
  <LI><FONT face=serif size=2>to attract and retain highly qualified and
  productive members of the Company&#146;s management team;<BR>&nbsp;</FONT>
  <LI><FONT face=serif size=2>to motivate the Company&#146;s management team to
  achieve both annual and long-term financial goals</FONT> <FONT face=serif size=2>approved by the Board of Directors; and</FONT> <BR>&nbsp;
  <LI><FONT face=serif size=2>to align the interests of the Company&#146;s management
  team with those of the Company&#146;s stockholders.</FONT></LI></UL>
<P align=justify><B><FONT face=serif size=2>Philosophy</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>The
components of the Company&#146;s executive compensation program are designed to
achieve the objectives described above based on the following compensation
philosophy:</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="8%"><B><FONT face=serif size=1>Philosophy Component</FONT></B></TD>
    <TD noWrap align=left width="7%">&nbsp;</TD>
    <TD noWrap align=left width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="84%"><B><FONT face=serif size=1>Rationale</FONT></B>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap align=left width="15%" bgColor=#c0c0c0 colSpan=2><FONT face=SERIF size=2>Compensation should support
      the<BR>business strategy</FONT></TD>
    <TD vAlign=top noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="TEXT-ALIGN: justify" vAlign=top align=left width="84%" bgColor=#c0c0c0><FONT face=SERIF size=2>The purpose of the compensation
      program is to support Ameron&#146;s larger business goals and ultimately align
      the management team&#146;s interests with Ameron&#146;s stockholders.</FONT></TD></TR>
  <TR>
    <TD noWrap align=left width="15%" colSpan=2>&nbsp;</TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=center width="84%"></TD></TR>
  <TR>
    <TD vAlign=top noWrap align=left width="15%" bgColor=#c0c0c0 colSpan=2><FONT face=SERIF size=2>Compensation should be primarily
      <BR>based on performance</FONT></TD>
    <TD vAlign=top noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="TEXT-ALIGN: justify" vAlign=top align=left width="84%" bgColor=#c0c0c0><FONT face=SERIF size=2>Basing a significant portion of
      Named Executive Officer compensation on performance aligns the interests
      of management with stockholders, as executives will only be compensated if
      the Company&#146;s strategic and financial goals are achieved. The Company
      awards performance-based compensation through its annual bonus, long-term
      cash incentive award, and long-term equity compensation program. The
      annual bonus and long-term cash incentive award are tied to the Company&#146;s
      achievement of financial goals that are approved by the Board of
      Directors. The value of the equity portion is inherently tied to the
      Company&#146;s stock price in order to directly align the interests of the
      Named Executive Officers and the stockholders.</FONT></TD></TR>
  <TR>
    <TD noWrap align=left width="15%" colSpan=2>&nbsp;</TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=center width="84%"></TD></TR>
  <TR>
    <TD vAlign=top noWrap align=left width="15%" bgColor=#c0c0c0 colSpan=2><FONT face=SERIF size=2>Compensation levels should be</FONT>
      <BR><FONT face=serif size=2>competitive</FONT></TD>
    <TD vAlign=top noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD style="TEXT-ALIGN: justify" vAlign=top align=left width="84%" bgColor=#c0c0c0><FONT face=SERIF size=2>Awarding a competitive level of
      compensation is critical for Ameron<FONT face=serif size=2></FONT> <FONT face=serif size=2>to attract and retain highly qualified and productive
      members of the Company&#146;s management team. Total target direct compensation
      (base salary, annual bonus, long-term cash incentive awards and equity
      awards) of the Named Executive Officers should be fixed at levels
      generally comparable to those being paid to similarly situated executives
      of other U.S.-based general diversified manufacturing companies with
      similar domestic and international sales and industries, but adjusted
      based on the individual Named Executive Officer&#146;s experience, expertise
      and performance.</FONT></FONT><FONT face=serif size=2></FONT></TD></TR></TABLE><BR>
<P align=justify><B><FONT face=serif size=2>Executive Talent Market and
Competitive Positioning</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>As
discussed above, to help the Company attract and retain highly qualified and
productive members of the Company&#146;s management team, the Company offers its NEOs
compensation that is competitive with the compensation being offered by other
U.S.-based general diversified manufacturing companies with similar domestic and
international sales and industries. The Compensation Committee, with the
assistance of its independent outside compensation consultants, has selected a
group of companies (&#147;Comparator Group&#148;) which it uses for Named Executive
Officer compensation comparability purposes. In developing the Comparator Group,
the Compensation Committee used various criteria, including:</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="6%"><B><FONT face=serif size=1>Peer Group Screening
      Criteria</FONT></B>&nbsp;</TD>
    <TD noWrap align=left width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="92%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>Description and Screening
      Methodology</STRONG></FONT>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap align=left width="6%"><FONT size=2>Labor
      Market</FONT></TD>
    <TD vAlign=top noWrap align=left width="1%"></TD>
    <TD vAlign=top align=left width="92%">
      <UL style="MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-ALIGN: justify">
        <LI><FONT face=serif size=2>Labor market is defined by companies that
        Ameron competes with for executive talent.</FONT>
        <LI><FONT face=serif size=2>The Compensation Committee believes that the
        Company&#146;s executive talent market is inclusive of, yet broader than, the
        Company&#146;s direct competitors.</FONT></LI></UL></TD></TR></TABLE><BR>
<P align=center><FONT face=serif size=2>16</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE><BR>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="6%"><B><FONT face=serif size=1>Peer Group Screening
      Criteria</FONT></B>&nbsp;</TD>
    <TD noWrap align=left width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="92%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>Description and Screening
      Methodology</STRONG></FONT>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap align=left width="6%"><FONT size=2>Size</FONT></TD>
    <TD vAlign=top noWrap align=left width="1%"></TD>
    <TD vAlign=top align=left width="92%">
      <UL style="MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-ALIGN: justify">
        <LI><FONT face=serif size=2>Size is defined by the Company&#146;s annual
        revenue.</FONT>
        <LI><FONT face=serif size=2>The Compensation Committee believes that
        there is a clear correlation between compensation levels and revenue
        size in the manufacturing sector, as larger companies tend to manage
        more capital and have more complex operations, which increases the job
        scope and responsibility associated with executive
      positions.</FONT></LI></UL></TD></TR>
  <TR>
    <TD vAlign=top noWrap align=left width="6%">&nbsp;</TD>
    <TD vAlign=top noWrap align=left width="1%"></TD>
    <TD vAlign=top noWrap align=left width="92%"></TD></TR>
  <TR>
    <TD vAlign=top noWrap align=left width="6%"><FONT size=2>Business
      Complexity</FONT></TD>
    <TD vAlign=top noWrap align=left width="1%"></TD>
    <TD vAlign=top align=left width="92%">
      <UL style="MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 12pt; TEXT-ALIGN: justify">
        <LI><FONT face=serif size=2>Business complexity is defined by number of
        business units, international footprint, and joint ventures.</FONT>
        <LI><FONT face=serif size=2>The Compensation Committee recognizes that
        the Company has a greater number of business units, international
        operations and joint ventures than other organizations of similar
        revenue size, and therefore screened for companies that have two or more
        business units, international operations and/or joint venture activity
        to ensure that those companies have a similar level of diversity and
        complexity as the Company. The Company&#146;s consolidated operations
        currently include its Fiberglass-Composite Pipe Group, its Water
        Transmission Group and its Infrastructure Products Group. The
        Fiberglass-Composite Pipe Group manufactures and markets filament-wound
        and molded composite fiberglass pipe, tubing, fittings and well screens
        commonly used in oilfield applications. The Water Transmission Group
        manufactures and supplies concrete and steel pressure pipe, concrete
        non-pressure pipe, protective linings for pipe, and fabricated steel
        products such as wind towers. The Infrastructure Products Group
        manufactures and sells ready-mix concrete, sand and aggregates, and
        concrete and steel lighting and traffic poles. Additionally, the Company
        has a significant investment in TAMCO, which operates a steel mini-mill,
        and in several joint ventures in the Middle East which manufacture
        concrete and fiberglass-composite pipe. The Company&#146;s various businesses
        generally operate internationally, with manufacturing plants in the
        U.S., Mexico, Europe, South America and
  Asia.</FONT></LI></UL></TD></TR></TABLE>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Based on
these criteria, the Compensation Committee has selected the following group of
twelve companies as its current Comparator Group:</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD noWrap align=left width="49%"><FONT face=serif size=2>Dresser-Rand
      Group</FONT>&nbsp; </TD>
    <TD noWrap align=left width="50%"><FONT face=serif size=2>Northwest Pipe
      Company</FONT>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="49%"><FONT face=serif size=2>Gibraltar
      Industries</FONT>&nbsp; </TD>
    <TD noWrap align=left width="50%"><FONT face=serif size=2>Schnitzer
      Steel</FONT>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="1%">&nbsp;</TD>
    <TD noWrap align=left width="49%"><FONT face=serif size=2>Grant
      Prideco</FONT>&nbsp; </TD>
    <TD noWrap align=left width="50%"><FONT face=serif size=2>Texas
      Industries</FONT>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="49%"><FONT face=serif size=2>Lufkin
      Industries</FONT>&nbsp; </TD>
    <TD noWrap align=left width="50%"><FONT face=serif size=2>Trinity
      Industries</FONT>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="49%"><FONT face=serif size=2>Martin Marietta
      Materials</FONT>&nbsp; </TD>
    <TD noWrap align=left width="50%"><FONT face=serif size=2>Valmont
      Industries</FONT>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="49%"><FONT face=serif size=2>National Oilwell
      Varco</FONT>&nbsp; </TD>
    <TD noWrap align=left width="50%"><FONT face=serif size=2>Vulcan
      Materials</FONT>&nbsp; </TD></TR></TABLE><BR>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>These
companies compete in the building materials, water pipeline / heavy-duty steel
fabrication, oilfield products and steel industries. They represent public
manufacturing companies which compete directly with the Company&#146;s businesses,
which would be direct competitors if such companies operated in the Company&#146;s
geographic territories, which offer products similar to those sold by the
Company, and/or which operate in markets generally served by the
Company.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>The
Compensation Committee also reviews the roles and responsibilities of the Named
Executive Officers in comparison to executives at companies within the
Comparator Group as a basis for developing competitive market compensation
levels for each Named Executive Officer. For example, the Compensation Committee
compared the Company&#146;s CEO to other CEOs that also serve as a Chairman and/or
President.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>The
Company&#146;s total direct compensation (base salary, annual bonus, long-term cash
incentive award, long-term equity-based award) for the Named Executive Officers
is positioned to provide a competitive award. The Compensation Committee
specifically defines a &#147;competitive award&#148; as positioning total direct
compensation at the 40<SUP>th</SUP> percentile of the Comparator Group. For
fiscal year 2007, total direct compensation was positioned below the Comparator
Group&#146;s 50<SUP>th</SUP> percentile to acknowledge the fact that the median
annual revenue of the Comparator Group was larger than the Company&#146;s annual
revenue.</FONT></P>
<P align=center><FONT face=serif size=2>17</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><B><FONT face=serif size=2>Components of Executive
Compensation</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>The
executive compensation for the Named Executive Officers is comprised of the
following components:</FONT></P>
<UL style="TEXT-ALIGN: justify">
  <LI><FONT face=serif size=2>base salary (i.e., fixed
  compensation);<BR>&nbsp;</FONT>
  <LI><FONT face=serif size=2>performance-based incentive compensation (i.e.,
  variable compensation), including:<BR>&nbsp;</FONT>
  <UL style="TEXT-ALIGN: justify" type=circle>
    <LI><FONT face=serif size=2>annual bonus,<BR>&nbsp;</FONT>
    <LI><FONT face=serif size=2>long-term incentives,
    including:<BR>&nbsp;</FONT>
    <UL style="TEXT-ALIGN: justify" type=square>
      <LI><FONT face=serif size=2>long-term cash incentive
      awards,<BR>&nbsp;</FONT>
      <LI><FONT face=serif size=2>long-term equity-based
      awards;<BR>&nbsp;</FONT></LI></UL></LI></UL>
  <LI><FONT face=serif size=2>retirement benefits; and<BR>&nbsp;</FONT>
  <LI><FONT face=serif size=2>perquisites and other benefits.</FONT></LI></UL>
<P align=justify><B><FONT face=serif size=2>Discussion and
Analysis</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT face=serif size=2>Base
Salary.</FONT></B><FONT face=serif size=2> Base salary is the Company&#146;s basic
element of compensation. It is also a principal element upon which target annual
bonuses and long-term cash incentive awards are calculated. Base salary is
designed to compensate the Named Executive Officers in part for their roles and
responsibilities in the Company, and also to provide a stable and fixed level of
compensation that serves as a retention tool. The base salaries of the Named
Executive Officers are reviewed and fixed by the Compensation Committee on a
yearly basis, typically in late January or early February. In general, the
Compensation Committee&#146;s goal is to position base salaries for the Named
Executive Officers at the 50<SUP>th</SUP> percentile as compared to executives
with similar positions and functional responsibilities within the Comparator
Group. However, current base salaries for each Named Executive Officer also
reflect adjustments by the Compensation Committee (both up and down) from the
50<SUP>th</SUP> percentile as a result of the Compensation Committee&#146;s judgment
of the individual Named Executive Officer&#146;s expertise, experience and tenure in
their current positions with the Company and the Compensation Committee&#146;s
evaluation of the individual Named Executive Officer&#146;s overall performance. In
setting base salaries for the Named Executive Officers, the Compensation
Committee also considered survey data provided by Mercer Consulting in January
2007, which indicated that the base salaries among general industry companies
nationwide increased approximately 3.9% during 2006. Based on this information
and Compensation Committee judgment, in January 2007, the annual base salary of
the CEO was increased approximately 4% from his 2006 annual base salary; the
annual base salary of the CFO was increased approximately 4.2%; the annual base
salary of Mr. Friedrich was increased approximately 4%; and the annual base
salaries of Messrs. Giese, Solis and Wagner were increased approximately 3%.
Following these adjustments, the aggregate of the base salaries of these Named
Executive Officers as a whole for fiscal year 2007 was approximately at the
50<SUP>th</SUP> percentile of the Comparator Group.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT face=serif size=2>Annual
Bonus.</FONT></B><FONT face=serif size=2> The Company&#146;s annual bonus program
(also known as its Management Incentive Compensation Plan, or &#147;MICP&#148;) is
intended to motivate the Named Executive Officers to meet the annual performance
goals of the Company. Annual bonuses are awarded to NEOs based on the Company&#146;s
actual financial performance as compared to plan targets established by the
Board at the beginning of the fiscal year. For fiscal year 2007, the
corporate-wide performance measures used as the basis for the program were
earnings per share (&#147;EPS&#148;) and return on sales (&#147;ROS&#148;). The Compensation
Committee selected EPS and ROS because these financial measures are consistent
with the Company&#146;s major strategic objective to grow profitably and because
these performance measures have a strong correlation to stockholder value
creation. For group presidents, the Compensation Committee also relies on
targets tied to return on net assets employed (&#147;RONAE&#148;) and group sales growth
as the Compensation Committee believes that these factors best reflect business
group profitability, which in turn drives long-term stockholder value. Because
of the relatively volatile trade volume of the Company&#146;s shares, and the
susceptibility of the Company&#146;s share price to volatility based on extraneous
factors, the Compensation Committee does not believe that share price as a
stand-alone metric is necessarily the best measure of corporate performance for
annual bonus purposes. The performance measures are weighted for each Named
Executive Officer based on the extent to which each executive can influence the
particular performance results. The following table details the relative
weighting for each Named Executive Officer:</FONT></P>
<P align=center><FONT face=serif size=2>18</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE><BR>
<DIV align=center>
<TABLE cellSpacing=0 cellPadding=0 width="95%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" colSpan=2>&nbsp; </TD>
    <TD noWrap align=center width="19%" colSpan=13><B><FONT face=serif size=1>Annual Bonus Performance</FONT></B> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" colSpan=2>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="19%" colSpan=13><B><FONT face=serif size=1>Me</FONT></B><B><FONT face=serif size=1>asure Weight</FONT></B><B><FONT face=serif size=1>ing</FONT></B>
  </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" colSpan=2>&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="6%" colSpan=3><B><FONT face=serif size=1>Group</FONT></B> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="6%" colSpan=3><B><FONT face=serif size=1>Group</FONT></B> </TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="2%"><B><FONT face=serif size=1>Executive</FONT></B> </TD>
    <TD noWrap align=left width="79%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="2%" colSpan=2><B><FONT face=serif size=1>EPS</FONT></B> </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="2%" colSpan=2><B><FONT face=serif size=1>ROS</FONT></B> </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="6%" colSpan=3><STRONG><FONT size=1>RONAE</FONT></STRONG> </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="6%" colSpan=3><STRONG><FONT size=1>Sales Growth</FONT></STRONG> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" bgColor=#c0c0c0 colSpan=2><FONT face=serif size=2>James S. Marlen</FONT>&nbsp; </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0><FONT face=serif size=2>50</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>%</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0><FONT face=serif size=2>50</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>%</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0><FONT face=serif size=2>&#151;</FONT> </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0><FONT face=serif size=2>&#151;</FONT> </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" colSpan=2><FONT face=serif size=2>James
      R. McLaughlin</FONT>&nbsp; </TD>
    <TD noWrap align=right width="1%"><FONT face=serif size=2>50</FONT> </TD>
    <TD noWrap align=left width="1%"><FONT face=serif size=2>%</FONT> </TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="1%"><FONT face=serif size=2>50</FONT> </TD>
    <TD noWrap align=left width="1%"><FONT face=serif size=2>%</FONT> </TD>
    <TD noWrap align=left width="1%">&nbsp;</TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=right width="2%"><FONT face=serif size=2>&#151;</FONT> </TD>
    <TD noWrap align=left width="2%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=right width="2%"><FONT face=serif size=2>&#151;</FONT> </TD>
    <TD noWrap align=left width="2%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" bgColor=#c0c0c0 colSpan=2><FONT face=serif size=2>Gary Wagner</FONT>&nbsp; </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0><FONT face=serif size=2>50</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>%</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0><FONT face=serif size=2>50</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>%</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0><FONT face=serif size=2>&#151;</FONT> </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0><FONT face=serif size=2>&#151;</FONT> </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" colSpan=2><FONT face=serif size=2>Javier
      Solis</FONT>&nbsp; </TD>
    <TD noWrap align=right width="1%"><FONT face=serif size=2>50</FONT> </TD>
    <TD noWrap align=left width="1%"><FONT face=serif size=2>%</FONT> </TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="1%"><FONT face=serif size=2>50</FONT> </TD>
    <TD noWrap align=left width="1%"><FONT face=serif size=2>%</FONT> </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=right width="2%"><FONT face=serif size=2>&#151;</FONT> </TD>
    <TD noWrap align=left width="2%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=right width="2%"><FONT face=serif size=2>&#151;</FONT> </TD>
    <TD noWrap align=left width="2%">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" bgColor=#c0c0c0 colSpan=2><FONT face=serif size=2>Ralph S. Friedrich</FONT>&nbsp; </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0><FONT face=serif size=2>50</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>%</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0><FONT face=serif size=2>50</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>%</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0><FONT face=serif size=2>&#151;</FONT> </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0><FONT face=serif size=2>&#151;</FONT> </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="81%" colSpan=2><FONT face=serif size=2>Thomas
      Giese</FONT>&nbsp; </TD>
    <TD noWrap align=right width="1%"><FONT face=serif size=2>10</FONT> </TD>
    <TD noWrap align=left width="1%"><FONT face=serif size=2>%</FONT> </TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="1%"><FONT face=serif size=2>10</FONT> </TD>
    <TD noWrap align=left width="1%"><FONT face=serif size=2>%</FONT> </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=right width="2%"><FONT face=serif size=2>70</FONT> </TD>
    <TD noWrap align=left width="2%"><FONT face=serif size=2>%</FONT>&nbsp;
</TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="2%"></TD>
    <TD noWrap align=right width="2%"><FONT face=serif size=2>10</FONT> </TD>
    <TD noWrap align=left width="2%"><FONT face=serif size=2>%</FONT>&nbsp;
      &nbsp;&nbsp;</TD></TR></TABLE></DIV><BR>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>For
fiscal year 2007, the Compensation Committee established the following target
bonuses for each Named Executive Officer (that is, the annual bonus awards to
the Named Executive Officer if the Company achieved 100% of its target EPS, ROS,
and, if applicable group, RONAE and sales growth):</FONT></P>
<DIV align=center>
<TABLE cellSpacing=0 cellPadding=0 width="95%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="95%" colSpan=2>&nbsp; </TD>
    <TD noWrap align=center width="5%" colSpan=3><B><FONT face=serif size=1>Target Bonus as</FONT></B> </TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="2%"><B><FONT face=serif size=1>Executive</FONT></B> </TD>
    <TD noWrap align=left width="93%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%" colSpan=3><B><FONT face=serif size=1>Percent of Salary</FONT></B> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="95%" bgColor=#c0c0c0 colSpan=2><FONT face=serif size=2>James S. Marlen</FONT>&nbsp; </TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0><FONT face=serif size=2>100</FONT> </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0><FONT face=serif size=2>%</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="95%" colSpan=2><FONT face=serif size=2>James
      R. McLaughlin</FONT>&nbsp; </TD>
    <TD noWrap align=right width="2%">&nbsp;</TD>
    <TD noWrap align=right width="1%"><FONT face=serif size=2>80</FONT> </TD>
    <TD noWrap align=left width="2%"><FONT face=serif size=2>%</FONT>&nbsp;
  </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="95%" bgColor=#c0c0c0 colSpan=2><FONT face=serif size=2>Gary Wagner</FONT>&nbsp; </TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0><FONT face=serif size=2>80</FONT> </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0><FONT face=serif size=2>%</FONT>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="95%" colSpan=2><FONT face=serif size=2>Javier
      Solis</FONT>&nbsp; </TD>
    <TD noWrap align=right width="2%">&nbsp;</TD>
    <TD noWrap align=right width="1%"><FONT face=serif size=2>80</FONT> </TD>
    <TD noWrap align=left width="2%"><FONT face=serif size=2>%</FONT>&nbsp;
  </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="95%" bgColor=#c0c0c0 colSpan=2><FONT face=serif size=2>Ralph S. Friedrich</FONT>&nbsp; </TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0><FONT face=serif size=2>40</FONT> </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0><FONT face=serif size=2>%</FONT>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="95%" colSpan=2><FONT face=serif size=2>Thomas
      Giese</FONT>&nbsp; </TD>
    <TD noWrap align=right width="2%"></TD>
    <TD noWrap align=right width="1%"><FONT face=serif size=2>80</FONT> </TD>
    <TD noWrap align=left width="2%"><FONT face=serif size=2>%</FONT>&nbsp;
  </TD></TR></TABLE></DIV><BR>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>These
target bonus levels reflect the Compensation Committee&#146;s review of the levels of
target annual bonuses provided to similar executives in the Comparator Group.
The Compensation Committee&#146;s goal is to provide for annual cash incentive
compensation to each Named Executive Officer at a level equal to the
50<SUP>th</SUP> percentile for similar executives within the Comparator Group.
For fiscal year 2007, the annual bonus targets of the Named Executive Officers
as a whole was approximately at the 50<SUP>th</SUP> percentile of the Comparator
Group, although there was differentiation on the individual executive level.
These individual differentiations are aligned with the Compensation Committee&#146;s
desire to provide a similar target bonus opportunity for the Named Executive
Officers for internal equity reasons.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>For
purposes of the MICP, EPS is modified from the corresponding amount calculated
under generally accepted accounting principles (&#147;GAAP&#148;) in that: (1) earnings
are calculated based on audited income from consolidated companies after income
tax, excluding equity in earnings of affiliated unconsolidated companies, plus
after-tax cash received from affiliated unconsolidated companies; (2) income
taxes are calculated based on plan tax rates; and (3) shares are based on the
audited common shares outstanding as of the beginning of the plan year. ROS
equals the pretax, before interest income of the Company, similarly adjusted to
only include the cash received from affiliated unconsolidated companies, divided
by the Company&#146;s sales. Group RONAE equals the after-tax operating profit of the
group excluding interest and intercompany royalties divided by certain of such
group&#146;s operating assets. Non-GAAP after-tax operating profit is modified in
that: (1) profits only include cash received from affiliated unconsolidated
companies, minus income tax on cash received from such affiliated unconsolidated
companies; and (2) income taxes are based on plan tax rates.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>For
fiscal year 2007, the plan target EPS was $4.70, the plan target ROS was 10.4%
and the plan target RONAE for Mr. Giese&#146;s group was 10.1%. For fiscal year 2007,
the actual EPS was $6.25, or approximately 133% of target, the actual ROS was
12.5%, or approximately 120% of target, the actual RONAE for Mr. Giese&#146;s group
was negative 3.3%, for purposes of the MICP. For fiscal year 2007, the sales
growth for Mr. Giese&#146;s group was 8.7%.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>MICP
bonus awards to Named Executive Officers are primarily formula driven and then
modified up or down based on the Compensation Committee&#146;s judgment as to the
overall performance of the Company and the individual Named Executive Officer
during the year. Additionally, MICP bonuses are adjusted by a positive or
negative modifier based on the Company&#146;s reported earnings per share growth or
drop from the prior year (&#147;EPS Modifier&#148;), reflecting the importance of earnings
per share growth as an indicator of Company performance. For fiscal year 2007,
the EPS </FONT></P>
<P align=center><FONT face=serif size=2>19</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><FONT face=serif size=2>Modifier was 125.9%. In evaluating the
performance of individual Named Executive Officers other than the CEO, the
Compensation Committee routinely solicits the opinion of the CEO; however the
ultimate decisions as to bonus awards for all Named Executive Officers,
including the CEO, are made solely by the Compensation Committee.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>MICP
bonus awards to the Named Executive Officers for fiscal year 2007, as reflected
below in the &#147;Fiscal Year 2007 Summary Compensation Table&#148; were arrived at by
the Compensation Committee based on target bonuses calculated in accordance with
the target bonus guidelines described above, plus a factor of approximately 15%
for Messrs. Marlen, Wagner and Solis based on the Compensation Committee&#146;s
recognition of the fact that the Company&#146;s sales and earnings for fiscal year
2007 were the highest in the Company&#146;s history, and the Compensation Committee&#146;s
judgment that such extraordinary results were achieved in large measure due to
the excellent individual performances of those Named Executive Officers and
their combined teamwork.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT face=serif size=2>Long-Term Incentive Awards.</FONT></B><FONT face=serif size=2> The
Company&#146;s long-term incentive program is intended to motivate the Named
Executive Officers to meet the long-term performance goals of the Company. The
Company awards long-term incentive compensation through the LTIP and its
long-term equity compensation plan in the form of restricted stock awards that
vest based on time and continued employment. The general purpose and rationale
of the LTIP is to focus the Named Executive Officers on the Company&#146;s long-term
financial goals. For further information on the LTIP, see the discussion below
under &#147;Long-Term Cash Incentive Award.&#148; The general purpose and rationale of the
restricted stock award is to focus the Named Executive Officers on long-term
stockholder value creation and thereby align management&#146;s interests with those
of stockholders, as well as to provide a retention vehicle to the management
team. For further information on the restricted stock award, see the &#147;Long-Term
Equity Compensation&#148; section.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>For
fiscal year 2007, the LTIP and restricted stock award level was determined so
that the Named Executive Officer team as a group was positioned at the
40<SUP>th</SUP> percentile of the Comparator Group. Individual executives were
positioned above or below the 40<SUP>th</SUP> percentile of the Comparator Group
based on the Compensation Committee&#146;s judgment, which considered factors such as
expertise, experience, tenure in current position, and the Compensation
Committee&#146;s evaluation of the individual Named Executive Officer&#146;s overall
performance.</FONT></P>
<UL style="TEXT-ALIGN: justify">
  <LI><B><FONT face=serif size=2>Long-Term Cash Incentive Award.
  </FONT></B><FONT face=serif size=2>As noted above, the Company&#146;s LTIP is
  intended to motivate the</FONT> <FONT face=serif size=2>Named Executive
  Officers to meet the long-term financial goals of the Company. The LTIP cash
  award</FONT> <FONT face=serif size=2>is based on the Company&#146;s three-year
  financial targets established by the Board. For the fiscal years</FONT> <FONT face=serif size=2>2007-2009 performance cycle, the Compensation Committee
  selected EPS and return on equity (&#147;ROE&#148;)</FONT> <FONT face=serif size=2>as
  the performance measures. EPS was selected to encourage the Named Executive
  Officers to have</FONT> <FONT face=serif size=2>both a short-term and
  long-term focus on EPS performance. ROE was selected to encourage the
  Named</FONT> <FONT face=serif size=2>Executive Officers to employ capital
  effectively in generating profits for the Company. Formulaically,</FONT> <FONT face=serif size=2>the LTIP is based on achievement of the cumulative
  three-year target EPS, but also contingent upon</FONT> <FONT face=serif size=2>achievement of a threshold average ROE equal to 75% of the target
  average ROE for the three-year</FONT> <FONT face=serif size=2>performance
  cycle. For Named Executive Officers who function as group presidents, their
  awards are</FONT> <FONT face=serif size=2>also contingent upon achievement of
  a threshold average RONAE for their respective group equal to 75%</FONT> <FONT face=serif size=2>of the target average RONAE for their respective group for
  the three-year performance cycle.</FONT></LI></UL>
<P style="PADDING-LEFT: 30pt; TEXT-ALIGN: justify"><FONT face=serif size=2>For
the fiscal years 2007-2009 performance cycle the Compensation Committee
established the following target awards (that is, the award which would be
earned if the Company achieved 100% of its target EPS for that
cycle):</FONT></P>
<DIV align=center>
<TABLE cellSpacing=0 cellPadding=0 width="90%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="95%" colSpan=2>&nbsp; </TD>
    <TD noWrap align=center width="5%" colSpan=3><B><FONT face=serif size=1>Target LTIP as</FONT></B> </TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="2%"><B><FONT face=serif size=1>Executive</FONT></B> </TD>
    <TD noWrap align=left width="93%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%" colSpan=3><B><FONT face=serif size=1>Percent of Salary</FONT></B> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="95%" bgColor=#c0c0c0 colSpan=2><FONT face=serif size=2>James S. Marlen</FONT>&nbsp; </TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0><FONT face=serif size=2>50</FONT> </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0><FONT face=serif size=2>%</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="95%" colSpan=2><FONT face=serif size=2>James
      R. McLaughlin</FONT>&nbsp; </TD>
    <TD noWrap align=right width="2%">&nbsp;</TD>
    <TD noWrap align=right width="1%"><FONT face=serif size=2>40</FONT> </TD>
    <TD noWrap align=left width="2%"><FONT face=serif size=2>%</FONT>&nbsp;
  </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="95%" bgColor=#c0c0c0 colSpan=2><FONT face=serif size=2>Gary Wagner</FONT>&nbsp; </TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0><FONT face=serif size=2>40</FONT> </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0><FONT face=serif size=2>%</FONT>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="95%" colSpan=2><FONT face=serif size=2>Javier
      Solis</FONT>&nbsp; </TD>
    <TD noWrap align=right width="2%"></TD>
    <TD noWrap align=right width="1%"><FONT face=serif size=2>40</FONT> </TD>
    <TD noWrap align=left width="2%"><FONT face=serif size=2>%</FONT>&nbsp;
  </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="95%" bgColor=#c0c0c0 colSpan=2><FONT face=serif size=2>Ralph S. Friedrich</FONT>&nbsp; </TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0><FONT face=serif size=2>20</FONT> </TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0><FONT face=serif size=2>%</FONT>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="95%" colSpan=2><FONT face=serif size=2>Thomas
      Giese</FONT>&nbsp; </TD>
    <TD noWrap align=right width="2%"></TD>
    <TD noWrap align=right width="1%"><FONT face=serif size=2>40</FONT> </TD>
    <TD noWrap align=left width="2%"><FONT face=serif size=2>%</FONT>&nbsp;
  </TD></TR></TABLE></DIV><BR>
<P style="PADDING-LEFT: 30pt; TEXT-ALIGN: justify"><FONT face=serif size=2>For
purposes of the LTIP awards, EPS, ROE and RONAE are modified from the
corresponding measures calculated using GAAP, in that earnings are calculated
based on audited income from consolidated companies after income tax, plus cash
received from affiliated unconsolidated companies, minus income </FONT></P>
<P align=center><FONT face=serif size=2>20</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P style="PADDING-LEFT: 30pt; TEXT-ALIGN: justify"><FONT face=serif size=2>tax
on cash received from such affiliated unconsolidated companies. As with the
annual bonus program, management is encouraged under the LTIP to maximize cash
flow from affiliated unconsolidated companies. The LTIP measures performance
over a three-year cycle. Unlike the annual bonus program, the LTIP uses GAAP
measures which reflect actual versus plan income tax rates and actual
fully-diluted shares rather than beginning shares outstanding.</FONT></P>
<P style="PADDING-LEFT: 30pt; TEXT-ALIGN: justify"><FONT face=serif size=2>For
the fiscal years 2005-2007 performance cycle, target EPS was $10.50 and the
threshold average ROE target was 7.4%. For that cycle, the actual EPS was $17.24
and the actual ROE was 15.9%, for purposes of the LTIP. For that cycle, the
target average RONAE for Mr. Giese&#146;s group was 12%. For that cycle, the actual
average RONAE for Mr. Giese&#146;s group was 4.7%. All actual awards to the Named
Executive Officers for the fiscal years 2005-2007 performance cycle were
strictly formula-driven.</FONT></P>
<UL style="TEXT-ALIGN: justify">
  <LI><B><FONT face=serif size=2>Long-Term Equity Compensation. </FONT></B><FONT face=serif size=2>Equity awards are considered by the Compensation Committee
  as an important element of long-term compensation that is intended to align
  the common interests of the</FONT> <FONT face=serif size=2>Named Executive
  Officers and the stockholders and provide a retention vehicle for the
  management team. The Compensation Committee&#146;s perspective is that equity
  awards to Named Executive Officers, other than the CEO whose equity
  compensation is discussed in the section below captioned "Executive
  Compensation &#150; Narrative Discussion to Fiscal Year 2007 Summary Compensation
  Table and Fiscal Year 2007 Grants of Plan Based Awards Table &#150; Employment
  Agreements &#150; Mr. James S. Marlen", should be in the form of grants of
  restricted stock with a three-year vesting schedule and with a grant date
  immediately following the Compensation Committee&#146;s meeting in late January or
  early February. The Compensation Committee has selected a three-year vesting
  schedule to support its goal of management retention. The grant date timing is
  based on the typical time the Compensation Committee reviews total direct
  compensation for the Named Executive Officers and is consistent with the time
  audited financial results for the completed fiscal year are released to
  stockholders and to the public.</FONT></LI></UL>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Restricted stock awards shown on the &#147;Fiscal Year 2007 Grants of
Plan-Based Awards&#148; table below represent equity awards made in February 2007
with respect to the Company&#146;s fiscal year 2006 performance. In January 2008 the
Compensation Committee approved awards of restricted stock to the following
Named Executive Officers with respect to fiscal year 2007 performance: 7,000
shares to Mr. Wagner, 6,000 shares to Mr. Solis and 2,000 shares to Mr.
McLaughlin. Such awards with respect to fiscal year 2007 performance were
approved by the Compensation Committee based on its recognition of the fact that
the Company&#146;s sales and earnings for fiscal year 2007 were the highest in the
history of the Company, and the Compensation Committee&#146;s judgment that such
extraordinary results were achieved in large measure due to the excellent
individual performances of those Named Executive Officers and their combined
teamwork.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT face=serif size=2>Retirement Benefits.</FONT></B><FONT face=serif size=2> Named Executive
Officers participate in the Company&#146;s qualified pension plan (&#147;Ameron Pension
Plan&#148;) to the same extent, and subject to the same terms and conditions, as
other salaried employees of the Company. Retirement benefits under the Ameron
Pension Plan are described in the section captioned &#147;Fiscal Year 2007-End
Pension Benefits&#148; below. There are no supplemental executive retirement or
pension benefits applicable to any of the Named Executive Officers.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT face=serif size=2>Perquisites and Other Benefits.</FONT></B><FONT face=serif size=2> The
following list highlights the perquisites and other benefits paid to the Named
Executive Officers.</FONT></P>
<UL style="TEXT-ALIGN: justify">
  <LI><FONT face=serif size=2>Named Executive Officers participate in the
  Company&#146;s executive medical plan, which is a supplemental health insurance
  plan that reimburses Named Executive Officers for their out of pocket costs
  for deductibles, insurance co-payments and other medical costs which are not
  covered by the standard medical plan, subject to a reimbursement limitation of
  $10,000 per year.<BR>&nbsp;</FONT>
  <LI><FONT face=serif size=2>In fiscal year 2007, Named Executive Officers
  other than Messrs. Friedrich and McLaughlin participated in the Company&#146;s
  executive life insurance plan which provides that the Company will pay the
  beneficiary(ies) of the Named Executive Officer a death benefit equal to three
  times the Named Executive Officer&#146;s base salary while the Named Executive
  Officer remains employed by the Company, and a death benefit equal</FONT>
  <FONT face=serif size=2>to one times the Named Executive Officer&#146;s base salary
  following retirement.</FONT></LI></UL>
<P align=center><FONT face=serif size=2>21</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE><BR>
<UL style="TEXT-ALIGN: justify">
  <LI><FONT face=serif size=2>In fiscal year 2007, Named Executive Officers
  other than Messrs. Friedrich, McLaughlin and Solis participated in the
  Company&#146;s financial planning and tax services plan which provides estate, tax
  and retirement planning, as well as tax return preparation services, through a
  third-party provider. The costs of such benefits are treated as income to the
  participating Named Executive Officers, however the Company provides a tax
  gross-up to such Named Executive Officers.<BR>&nbsp;</FONT>
  <LI><FONT face=serif size=2>Mr. Marlen is reimbursed for membership and dues
  to the Annandale Country Club located in Pasadena, California; the Regency
  Club located in Westwood, California; the Los Angeles Country Club located in
  Los Angeles, California; and the California Club also located in Los Angeles,
  California. Mr. Marlen receives these perquisites to allow him to represent
  the Company&#146;s business matters in the larger community.<BR>&nbsp;</FONT>
  <LI><FONT face=serif size=2>Mr. Wagner is reimbursed for membership and dues
  to the Regency Club, and a tax gross-up.</FONT></LI></UL>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT face=serif size=2>Impact
of Accounting and Tax Treatments. </FONT></B><FONT face=serif size=2>Under
Section 162(m) of the Code, publicly held companies may not take a tax deduction
for compensation in excess of $1 million paid to the CEO or the other four most
highly compensated executive officers unless that compensation meets the
Internal Revenue Code&#146;s definition of &#147;performance-based&#148; compensation. Section
162(m) allows a deduction for compensation to a specified executive that exceeds
$1 million only if it is paid (i) solely upon attainment of one or more
performance goals, (ii) pursuant to a qualifying performance-based compensation
plan adopted by the Compensation Committee, and (iii) the material terms,
including the performance goals, of such plan are approved by the stockholders
before payment of the compensation. The Committee considers deductibility under
Section 162(m) with respect to executive compensation arrangements for the Named
Executive Officers. The LTIP is considered to be performance-based and therefore
not subject to the deduction limitation contained in Section 162(m).</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT face=serif size=2>Stock
Ownership Guidelines.</FONT></B><FONT face=serif size=2> The Company does not
presently have a policy or guidelines regarding stock ownership by its Named
Executive Officers.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT face=serif size=2>Fiscal
Year 2007 Compensation Break Down.</FONT></B><FONT face=serif size=2> The three
tables below set forth information with respect to the various types of
compensation paid to the Named Executive Officers discussed above. The tables
include information with respect to restricted stock grants made in fiscal year
2008 to Messrs. McLaughlin, Wagner and Solis in respect of fiscal year 2007
performance. However, because of the accounting treatment of these grants under
SFAS 123R, information with respect to these grants is not reflected in the
tables included under &#147;Executive Compensation.&#148;</FONT></P>
<P align=justify><FONT face=serif size=2><FONT size=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><STRONG>Fixed vs. Variable
Compensation.</STRONG></FONT><FONT face=serif size=2> The following table sets
forth the relative proportions of fixed (base salary and equity award) versus
variable (annual bonus and long-term cash incentive award) compensation for each
of the Named Executive Officers for fiscal year 2007: </FONT></P>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="72%" colSpan=2>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="14%" colSpan=6><B><FONT face=serif size=1>F</FONT></B><B><FONT face=serif size=1>ixed Compensatio</FONT></B><B><FONT face=serif size=1>n</FONT></B>
    </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="13%" colSpan=5><B><FONT face=serif size=1>Var</FONT></B><B><FONT face=serif size=1>iable Compensa</FONT></B><B><FONT face=serif size=1>tion</FONT></B>
    </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="72%" colSpan=2>&nbsp; </TD>
    <TD noWrap align=center width="4%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%"><B><FONT face=serif size=1>Long-</FONT></B> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="72%" colSpan=2>&nbsp; </TD>
    <TD noWrap align=center width="4%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%"><B><FONT face=serif size=1>term
      Cash</FONT></B> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%"><B><FONT face=serif size=1>Total</FONT></B> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="72%" colSpan=2>&nbsp; </TD>
    <TD noWrap align=center width="4%"><B><FONT face=serif size=1>Base</FONT></B> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%" colSpan=2><B><FONT face=serif size=1>Equity Award</FONT></B> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%"><B><FONT face=serif size=1>Total
      Fixed</FONT></B> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%"><B><FONT face=serif size=1>Annual</FONT></B> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%"><B><FONT face=serif size=1>Incentive</FONT></B> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%"><B><FONT face=serif size=1>Variable</FONT></B> </TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="2%"><B><FONT face=serif size=1>Name</FONT></B> </TD>
    <TD noWrap align=left width="70%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="4%"><B><FONT face=serif size=1>Salary $</FONT></B> </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="4%" colSpan=2><B><FONT face=serif size=1>$&nbsp;(1)</FONT></B> </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="4%"><B><FONT face=serif size=1>Comp $</FONT></B> </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="4%"><B><FONT face=serif size=1>MICP $</FONT></B> </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="4%"><B><FONT face=serif size=1>Award $</FONT></B> </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="3%"><B><FONT face=serif size=1>Comp $</FONT></B> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="72%" bgColor=#c0c0c0 colSpan=2><FONT face=serif size=2>J. Marlen</FONT>&nbsp; </TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=serif size=2>848,810</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>1,544,040</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>&nbsp;(2)</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>2,392,850</FONT>&nbsp; </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>1,900,000</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>854,880</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>2,754,880</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="72%" colSpan=2><FONT face=serif size=2>J.
      McLaughlin</FONT>&nbsp; </TD>
    <TD noWrap align=center width="4%"><FONT face=serif size=2>248,154</FONT>
    </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=2>171,560</FONT>
    </TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="1%">&nbsp;</TD>
    <TD noWrap align=right width="4%"><FONT face=serif size=2>419,714</FONT>&nbsp; </TD>
    <TD noWrap align=right width="1%">&nbsp;</TD>
    <TD noWrap align=right width="4%"><FONT face=serif size=2>326,000</FONT>
    </TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="4%"><FONT face=serif size=2>150,000</FONT>
    </TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=2>476,000</FONT>
    </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="72%" bgColor=#c0c0c0 colSpan=2><FONT face=serif size=2>G. Wagner</FONT>&nbsp; </TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=serif size=2>379,051</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>600,460</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>979,511</FONT>&nbsp; </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>675,000</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>304,880</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>979,880</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="72%" colSpan=2><FONT face=serif size=2>J.
      Solis</FONT>&nbsp; </TD>
    <TD noWrap align=center width="4%"><FONT face=serif size=2>322,705</FONT>
    </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=2>514,680</FONT>
    </TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="4%"><FONT face=serif size=2>837,385</FONT>&nbsp; </TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="4%"><FONT face=serif size=2>575,000</FONT>
    </TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="4%"><FONT face=serif size=2>259,560</FONT>
    </TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=2>834,560</FONT>
    </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="72%" bgColor=#c0c0c0 colSpan=2><FONT face=serif size=2>R. Friedrich</FONT>&nbsp; </TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=serif size=2>185,871</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>&#151;</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>185,871</FONT>&nbsp; </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>125,000</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>74,880</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>199,880</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="72%" colSpan=2><FONT face=serif size=2>T.
      Giese</FONT>&nbsp; </TD>
    <TD noWrap align=center width="4%"><FONT face=serif size=2>261,238</FONT>
    </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=2>&#151;</FONT> </TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="4%"><FONT face=serif size=2>261,238</FONT>&nbsp; </TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="4%"><FONT face=serif size=2>&#151;</FONT> </TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="4%"><FONT face=serif size=2>&#151;</FONT> </TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=2>&#151;</FONT>
  </TD></TR></TABLE><BR>
<P align=center><FONT face=serif size=2>22</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT face=serif size=2>Current vs. Long-Term Compensation.</FONT></B><FONT face=serif size=2>
The following table sets forth the relative proportions of current compensation
(base salary and annual bonus) versus long-term compensation (long-term cash
incentive award and equity award) for each of the Named Executive Officers for
fiscal year 2007:</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="76%" colSpan=2>&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="11%" colSpan=5><B><FONT face=serif size=1>C</FONT></B><B><FONT face=serif size=1>urrent Compensa</FONT></B><B><FONT face=serif size=1>tion</FONT></B> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="12%" colSpan=6><B><FONT face=serif size=1>Lo</FONT></B><B><FONT face=serif size=1>ng-Term Compensat</FONT></B><B><FONT face=serif size=1>ion</FONT></B> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="76%" colSpan=2>&nbsp; </TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%"><B><FONT face=serif size=1>Long-</FONT></B> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="76%" colSpan=2>&nbsp; </TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%"><B><FONT face=serif size=1>Total</FONT></B> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%"><B><FONT face=serif size=1>term
      Cash</FONT></B> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%"><B><FONT face=serif size=1>Total
      Long-</FONT></B> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="76%" colSpan=2>&nbsp; </TD>
    <TD noWrap align=center width="3%"><B><FONT face=serif size=1>Base</FONT></B> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%"><B><FONT face=serif size=1>Annual</FONT></B> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%"><B><FONT face=serif size=1>Current</FONT></B> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%"><B><FONT face=serif size=1>Incentive</FONT></B> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%" colSpan=2><B><FONT face=serif size=1>Equity Award</FONT></B> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%"><B><FONT face=serif size=1>Term</FONT></B> </TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="1%"><B><FONT face=serif size=1>Name</FONT></B> </TD>
    <TD noWrap align=left width="75%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="3%"><B><FONT face=serif size=1>Salary $</FONT></B> </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="3%"><B><FONT face=serif size=1>MICP $</FONT></B> </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="3%"><B><FONT face=serif size=1>Comp $</FONT></B> </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="3%"><B><FONT face=serif size=1>Award $</FONT></B> </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="4%" colSpan=2><B><FONT face=serif size=1>$&nbsp;(1)</FONT></B> </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="3%"><B><FONT face=serif size=1>Comp $</FONT></B> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="76%" bgColor=#c0c0c0 colSpan=2><FONT face=serif size=2>J. Marlen</FONT> </TD>
    <TD noWrap align=center width="3%" bgColor=#c0c0c0><FONT face=serif size=2>848,810</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>1,900,000</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>2,748,810</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>854,880</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>1,544,040</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>&nbsp;(2)</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>2,398,920</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="76%" colSpan=2><FONT face=serif size=2>J.
      McLaughlin</FONT> </TD>
    <TD noWrap align=center width="3%"><FONT face=serif size=2>248,154</FONT>
    </TD>
    <TD noWrap align=right width="1%">&nbsp;</TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=2>326,000</FONT>
    </TD>
    <TD noWrap align=right width="1%">&nbsp;</TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=2>574,154</FONT>
    </TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=2>150,000</FONT>
    </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=2>171,560</FONT>
    </TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="1%">&nbsp;</TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=2>321,560</FONT>
    </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="76%" bgColor=#c0c0c0 colSpan=2><FONT face=serif size=2>G. Wagner</FONT> </TD>
    <TD noWrap align=center width="3%" bgColor=#c0c0c0><FONT face=serif size=2>379,051</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>675,000</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>1,054,051</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>304,880</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>600,460</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>905,340</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="76%" colSpan=2><FONT face=serif size=2>J.
      Solis</FONT> </TD>
    <TD noWrap align=center width="3%"><FONT face=serif size=2>322,705</FONT>
    </TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=2>575,000</FONT>
    </TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=2>897,705</FONT>
    </TD>
    <TD noWrap align=right width="1%">&nbsp;</TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=2>259,560</FONT>
    </TD>
    <TD noWrap align=left width="1%">&nbsp;</TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=2>514,680</FONT>
    </TD>
    <TD noWrap align=left width="1%">&nbsp;</TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=2>774,240</FONT>
    </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="76%" bgColor=#c0c0c0 colSpan=2><FONT face=serif size=2>R. Friedrich</FONT> </TD>
    <TD noWrap align=center width="3%" bgColor=#c0c0c0><FONT face=serif size=2>185,871</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>125,000</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>310,871</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>74,880</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>&#151;</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>74,880</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="76%" colSpan=2><FONT face=serif size=2>T.
      Giese</FONT> </TD>
    <TD noWrap align=center width="3%"><FONT face=serif size=2>261,238</FONT>
    </TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=2>&#151;</FONT> </TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=2>261,238</FONT>
    </TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=2>&#151;</FONT> </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=2>&#151;</FONT> </TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=2>&#151;</FONT>
  </TD></TR></TABLE><BR>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT face=serif size=2>Mix of
Long-Term Incentives.</FONT></B><FONT face=serif size=2> The following table
sets forth the relative proportions of long-term cash incentive awards versus
equity awards for each of the Named Executive Officers for fiscal year
2007:</FONT></P>
<DIV align=center>
<TABLE cellSpacing=0 cellPadding=0 width="95%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="91%" colSpan=2>&nbsp; </TD>
    <TD noWrap align=center width="4%" colSpan=2><B><FONT face=serif size=1>Long-Term Cash</FONT></B> </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="3%"></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="91%" colSpan=2>&nbsp; </TD>
    <TD noWrap align=center width="4%" colSpan=2><B><FONT face=serif size=1>Incentive Awards</FONT></B> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%" colSpan=2><B><FONT face=serif size=1>Equity Awards</FONT></B> </TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="2%"><B><FONT face=serif size=1>Name</FONT></B> </TD>
    <TD noWrap align=left width="89%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="4%" colSpan=2><B><FONT face=serif size=1>$</FONT></B> </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="4%" colSpan=2><B><FONT face=serif size=1>$&nbsp;(1)</FONT></B> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="91%" bgColor=#c0c0c0 colSpan=2><FONT face=serif size=2>J. Marlen</FONT> </TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>&nbsp;&nbsp; &nbsp;&nbsp; 854,880</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>1,544,040</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>&nbsp;(2)</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="91%" colSpan=2><FONT face=serif size=2>J.
      McLaughlin</FONT>&nbsp; </TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=2>150,000</FONT>
    </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=2>171,560</FONT>
    </TD>
    <TD noWrap align=left width="1%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="91%" bgColor=#c0c0c0 colSpan=2><FONT face=serif size=2>G. Wagner</FONT> </TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>304,880</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>600,460</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="91%" colSpan=2><FONT face=serif size=2>J.
      Solis</FONT> </TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=2>259,560</FONT>
    </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=2>514,680</FONT>
    </TD>
    <TD noWrap align=left width="1%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="91%" bgColor=#c0c0c0 colSpan=2><FONT face=serif size=2>R. Friedrich</FONT>&nbsp; </TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>74,880</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>&#151;</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="91%" colSpan=2><FONT face=serif size=2>T.
      Giese</FONT> </TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=2>&#151;</FONT> </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=2>&#151;</FONT> </TD>
    <TD noWrap align=left width="1%">&nbsp;
</TD></TR></TABLE></DIV>____________________<BR><BR>
<TABLE style="TEXT-ALIGN: justify" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>(1)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top width="100%"><FONT face=serif size=2>&#147;Equity Award&#148; value
      is based on the per share closing price of the Common Stock on the New
      York Stock Exchange on January 30, 2008 of $85.78</FONT></TD></TR>
  <TR>
    <TD vAlign=top width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>(2)</FONT></TD>
    <TD vAlign=top noWrap>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD vAlign=top width="100%"><FONT face=serif size=2>Mr. Marlen&#146;s equity
      award was made pursuant to an amendment to his employment agreement.
      Pursuant to the terms of the amendment, Mr. Marlen is entitled to receive
      annual grants under the Company&#146;s 2004 Stock Incentive Plan of 8,000 fully
      vested shares of Common Stock in February of 2008, 2009 and 2010, subject
      to the satisfaction of certain conditions. See &#147;Executive Compensation &#150;
      Narrative Discussion to Fiscal Year 2007 Summary Compensation Table and
      Fiscal Year 2007 Grants of Plan Based Awards Table &#150; Employment Agreements
      &#150; Mr. James S. Marlen.&#148;</FONT></TD></TR></TABLE>
<P align=justify><B><FONT face=serif size=2>Employment Agreements</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>The
Company generally does not enter into employment agreements with its executive
officers, including the Named Executive Officers. No Named Executive Officer is
party to an employment agreement with the Company other than James S. Marlen. As
discussed above, the Compensation Committee believes that the Named Executive
Officers&#146; base salaries should be reviewed on an annual basis such that the
Compensation Committee can position Named Executive Officer base salaries at the
50<SUP>th</SUP> percentile as compared to executives with similar positions and
functional responsibilities within the Comparator Group, while still retaining
flexibility to adjust base salary from this target (both up and down) based on
the Company&#146;s performance as well as the Compensation Committee&#146;s judgment of
the individual Named Executive Officer&#146;s expertise, experience and tenure in
their current positions with the Company and the Compensation Committee&#146;s
evaluation of the individual Named Executive Officer&#146;s overall performance.
However, the Compensation Committee believed that it was appropriate to enter
into an employment agreement with Mr. Marlen to ensure the long-term retention
of his services as well as to provide him with appropriate incentives for future
performance. The Compensation Committee believes that the benefits provided
under the agreement are consistent with the Company&#146;s executive compensation
philosophy discussed above. The terms of Mr. Marlen&#146;s employment agreement are
summarized below under &#147;Executive Compensation-Narrative Discussion to Fiscal
Year 2007 Summary Compensation Table and Fiscal Year 2007 Grants of Plan Based
Awards Table-Employment Agreements.&#148; </FONT></P>
<P align=center><FONT face=serif size=2>23</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><B><FONT face=serif size=2>Severance
Arrangements</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>While the
Company generally does not enter into employment agreements with its executive
officers, it has entered into severance agreements with certain of the Named
Executive Officers. The Company is party to severance agreements with Messrs.
Wagner, Solis and McLaughlin. Mr. Marlen&#146;s employment agreement also provides
for a severance package in certain circumstances. The Compensation Committee
believes the benefits provided under these arrangements are appropriate to
assist the Company in retaining the employment of the executive officers. The
terms of these agreements are summarized below under &#147;Executive
Compensation-Change of Control Arrangements.&#148; </FONT></P>
<P align=justify><B><FONT face=serif size=2>Compensation Committee
Report</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>The
Compensation Committee of the Board has reviewed and discussed with management
of the Company the Compensation Discussion and Analysis included in this proxy
statement and, based upon that review and discussion, recommended to the Board
that it be included in this proxy statement.</FONT></P>
<DIV align=right>
<TABLE cellSpacing=0 cellPadding=0 width="50%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="100%"><FONT face=serif size=2>Submitted
      by:</FONT>&nbsp; </TD></TR>
  <TR>
    <TD width="100%">&nbsp; </TD></TR>
  <TR>
    <TD width="100%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="100%"><FONT face=serif size=2>John E.
      Peppercorn, </FONT><I><FONT face=serif size=2>Chairman</FONT></I>&nbsp;
  </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="100%"><FONT face=serif size=2>David
      Davenport</FONT>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="100%"><FONT face=serif size=2>Dennis
      Pouslen</FONT>&nbsp; </TD></TR>
  <TR>
    <TD width="100%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="100%"><FONT face=serif size=2>Members of the
      Compensation Committee</FONT>&nbsp; </TD></TR></TABLE></DIV><BR>
<P align=center><FONT face=serif size=2>24</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=center><B><FONT face=serif size=2>EXECUTIVE COMPENSATION</FONT></B></P>
<P align=justify><B><FONT face=serif size=2>Fiscal Year 2007 Summary
Compensation Table </FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>The
following table sets forth information concerning the compensation received by
the Company&#146;s Chief Executive Officer, the Company&#146;s Chief Financial Officer,
the Company&#146;s three other most highly compensated executive officers, as well as
one additional individual who would have been one of the Company&#146;s most highly
compensated executive officers were he serving as an executive officer at the
end of fiscal year 2007 (collectively, the &#147;Named Executive
Officers&#148;).</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="63%" colSpan=2>&nbsp; </TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%" colSpan=2><B><FONT face=serif size=1>Change in</FONT></B> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="2%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="63%" colSpan=2>&nbsp; </TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%" colSpan=2><B><FONT face=serif size=1>Pension</FONT></B> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="2%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="63%" colSpan=2>&nbsp; </TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%" colSpan=2><B><FONT face=serif size=1>Value and</FONT></B> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="2%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="63%" colSpan=2>&nbsp; </TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="6%" colSpan=2><B><FONT face=serif size=1>Non-Equity</FONT></B> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%" colSpan=2><B><FONT face=serif size=1>Nonqualified</FONT></B> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="2%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="63%" colSpan=2>&nbsp; </TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%"><B><FONT face=serif size=1>Stock</FONT></B> </TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="3%"><B><FONT face=serif size=1>Option</FONT></B> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="6%" colSpan=2><B><FONT face=serif size=1>Incentive Plan</FONT></B> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%" colSpan=2><B><FONT face=serif size=1>Deferred</FONT></B> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%" colSpan=2><B><FONT face=serif size=1>All Other</FONT></B> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="2%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="63%" colSpan=2><B><FONT face=serif size=1>Name and</FONT></B>&nbsp; </TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%"><B><FONT face=serif size=1>Salary</FONT></B> </TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="1%"><B><FONT face=serif size=1>Bonus</FONT></B> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%"><B><FONT face=serif size=1>Awards</FONT></B> </TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="3%"><B><FONT face=serif size=1>Awards</FONT></B> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="6%" colSpan=2><STRONG><FONT size=1>Compensation</FONT></STRONG> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%" colSpan=2><STRONG><FONT size=1>Compensation</FONT></STRONG> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%" colSpan=2><STRONG><FONT size=1>Compensation</FONT></STRONG> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="2%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="3%"><B><FONT face=serif size=1>Principal Position</FONT></B> </TD>
    <TD noWrap align=left width="60%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="3%"><B><FONT face=serif size=1>Year</FONT></B> </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="3%"><B><FONT face=serif size=1>$&nbsp;(1)</FONT></B> </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="1%"><B><FONT face=serif size=1>$</FONT></B> </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="3%"><B><FONT face=serif size=1>$&nbsp;(2)</FONT></B> </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="3%"><B><FONT face=serif size=1>$</FONT></B> </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="6%" colSpan=2><B><FONT face=serif size=1>$</FONT></B> </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="4%" colSpan=2><B><FONT face=serif size=1>Earnings $ (3)</FONT></B> </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="4%" colSpan=2><B><FONT face=serif size=1>$</FONT></B> </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="2%"><B><FONT face=serif size=1>Total $</FONT></B> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="63%" bgColor=#c0c0c0 colSpan=2><FONT face=serif size=1>James S. Marlen</FONT> </TD>
    <TD noWrap align=center width="3%" bgColor=#c0c0c0><FONT face=serif size=1>2007</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=1>848,810</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0><FONT size=1>&#151;</FONT>
    </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=1>2,218,141</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=center width="3%" bgColor=#c0c0c0><FONT face=serif size=1>&#151;</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=serif size=1>2,754,880</FONT> </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=1>&nbsp;&nbsp;&nbsp;&nbsp; 24,627</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=1>117,920</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=1>&nbsp;(4)</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0><FONT face=serif size=1>5,964,378</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="63%" bgColor=#c0c0c0 colSpan=2>&nbsp; &nbsp;
      &nbsp; &nbsp;<FONT face=serif size=1>Chairman &amp;</FONT> </TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="63%" bgColor=#c0c0c0 colSpan=2>&nbsp; &nbsp;
      &nbsp; &nbsp;<FONT face=serif size=1>Chief Executive Officer</FONT> </TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR>
    <TD width="100%" colSpan=22>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="63%" bgColor=#c0c0c0 colSpan=2><FONT face=serif size=1>James R. McLaughlin</FONT> </TD>
    <TD noWrap align=center width="3%" bgColor=#c0c0c0><FONT face=serif size=1>2007</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=1>248,154</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0><FONT size=1>&#151;</FONT>
    </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=1>21,849</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=center width="3%" bgColor=#c0c0c0><FONT face=serif size=1>&#151;</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=serif size=1>476,000</FONT> </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=1>57,679</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=1>19,381</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=1>&nbsp;(5)</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0><FONT face=serif size=1>823,062</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="63%" bgColor=#c0c0c0 colSpan=2>&nbsp; &nbsp;
      &nbsp; &nbsp;<FONT face=serif size=1>Senior Vice President,</FONT> </TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="63%" bgColor=#c0c0c0 colSpan=2>&nbsp; &nbsp;
      &nbsp; &nbsp;<FONT face=serif size=1>Chief Financial Officer</FONT> </TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="63%" bgColor=#c0c0c0 colSpan=2>&nbsp; &nbsp;
      &nbsp; &nbsp;<FONT face=serif size=1>&amp; Treasurer</FONT> </TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR>
    <TD width="100%" colSpan=22>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="63%" bgColor=#c0c0c0 colSpan=2><FONT face=serif size=1>Gary Wagner</FONT>&nbsp; </TD>
    <TD noWrap align=center width="3%" bgColor=#c0c0c0><FONT face=serif size=1>2007</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=1>379,051</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0><FONT size=1>&#151;</FONT>
    </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=1>444,302</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=center width="3%" bgColor=#c0c0c0><FONT face=serif size=1>&#151;</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=serif size=1>979,880</FONT> </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=1>45,056</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=1>70,923</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=1>&nbsp;(6)</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0><FONT face=serif size=1>1,919,211</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="63%" bgColor=#c0c0c0 colSpan=2>&nbsp; &nbsp;
      &nbsp; &nbsp;<FONT face=serif size=1>Executive President</FONT> </TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="63%" bgColor=#c0c0c0 colSpan=2>&nbsp; &nbsp;
      &nbsp; &nbsp;<FONT face=serif size=1>&amp; Chief Operating</FONT> </TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="63%" bgColor=#c0c0c0 colSpan=2>&nbsp; &nbsp;
      &nbsp; &nbsp;<FONT face=serif size=1>Officer</FONT> </TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR>
    <TD width="100%" colSpan=22>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="63%" bgColor=#c0c0c0 colSpan=2><FONT face=serif size=1>Javier Solis</FONT>&nbsp; </TD>
    <TD noWrap align=center width="3%" bgColor=#c0c0c0><FONT face=serif size=1>2007</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=1>322,705</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0><FONT size=1>&#151;</FONT>
    </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=1>372,099</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=center width="3%" bgColor=#c0c0c0><FONT face=serif size=1>&#151;</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=serif size=1>834,560</FONT> </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=1>74,279</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=1>38,028</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=1>&nbsp;(7)</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0><FONT face=serif size=1>1,641,671</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="63%" bgColor=#c0c0c0 colSpan=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=1>Executive Vice President,</FONT> </TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="63%" bgColor=#c0c0c0 colSpan=2>&nbsp; &nbsp;
      &nbsp; &nbsp;<FONT face=serif size=1>Administration,</FONT> </TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="63%" bgColor=#c0c0c0 colSpan=2>&nbsp; &nbsp;
      &nbsp; &nbsp;<FONT face=serif size=1>Secretary &amp; General</FONT> </TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="63%" bgColor=#c0c0c0 colSpan=2>&nbsp; &nbsp;
      &nbsp; &nbsp;<FONT face=serif size=1>Counsel</FONT> </TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR>
    <TD width="100%" colSpan=22>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="63%" bgColor=#c0c0c0 colSpan=2><FONT face=serif size=1>Ralph S. Friedrich</FONT> </TD>
    <TD noWrap align=center width="3%" bgColor=#c0c0c0><FONT face=serif size=1>2007</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=1>185,871</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0><FONT size=1>&#151;</FONT>
    </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=1>21,849</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=center width="3%" bgColor=#c0c0c0><FONT face=serif size=1>&#151;</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=serif size=1>200,880</FONT> </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=1>56,268</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=1>13,244</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=1>&nbsp;(8)</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0><FONT face=serif size=1>478,112</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="63%" bgColor=#c0c0c0 colSpan=2>&nbsp; &nbsp;
      &nbsp; &nbsp;<FONT face=serif size=1>Senior Vice President -</FONT> </TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="63%" bgColor=#c0c0c0 colSpan=2>&nbsp; &nbsp;
      &nbsp; &nbsp;<FONT face=serif size=1>Technology</FONT> </TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR>
    <TD width="100%" colSpan=22>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="63%" bgColor=#c0c0c0 colSpan=2><FONT face=serif size=1>Thomas P. Giese</FONT> </TD>
    <TD noWrap align=center width="3%" bgColor=#c0c0c0><FONT face=serif size=1>2007</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=1>261,238</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0><FONT size=1>&#151;</FONT>
    </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=1>225,882</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=center width="3%" bgColor=#c0c0c0><FONT face=serif size=1>&#151;</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="5%" bgColor=#c0c0c0><FONT face=serif size=1>&#151;</FONT> </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=1>71,151</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=1>52,582</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=1>&nbsp;(10)</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0><FONT face=serif size=1>610,853</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="63%" bgColor=#c0c0c0 colSpan=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=1>Former Vice President &amp;</FONT> </TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="63%" bgColor=#c0c0c0 colSpan=2>&nbsp; &nbsp;
      &nbsp; &nbsp;<FONT face=serif size=1>Group President, Water</FONT> </TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="63%" bgColor=#c0c0c0 colSpan=2>&nbsp; &nbsp;
      &nbsp; &nbsp;<FONT face=serif size=1>Transmission Group (9)</FONT> </TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="5%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="2%" bgColor=#c0c0c0>&nbsp;
</TD></TR></TABLE>____________________<BR><BR>
<TABLE style="TEXT-ALIGN: justify" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>(1)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top width="100%"><FONT face=serif size=2>Amounts shown include
      cash and non-cash compensation earned for services performed and received
      by the Executive Officers as well as amounts earned but deferred at the
      election of those officers or the Company during the fiscal years
      indicated.</FONT></TD></TR>
  <TR>
    <TD vAlign=top width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>(2)</FONT></TD>
    <TD vAlign=top noWrap>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD vAlign=top width="100%"><FONT face=serif size=2>Certain awards of
      shares of restricted stock were made in fiscal years 2004, 2005, 2006 and
      2007 under the Company&#146;s Restricted Stock Agreement pursuant to the 2004
      Stock Incentive Plan. The amounts shown in this column consists of the
      compensation cost of awards of restricted stock that were recognized in
      fiscal year 2007 by the Company pursuant to SFAS 123R. Additional
      information related to the calculation of the compensation cost and the
      assumptions used is set forth in Note 13 Incentive Stock Compensation
      Plans of the Notes to the Consolidated Financial Statements of the
      Company&#146;s Annual Report on Form 10-K for fiscal year 2007.</FONT></TD></TR>
  <TR>
    <TD vAlign=top width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap>&nbsp;</TD>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top width="100%"><FONT face=serif size=2>There were no stock
      option awards to the Named Executive Officers in fiscal year
    2007.</FONT></TD></TR>
  <TR>
    <TD vAlign=top width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>(3)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top width="100%"><FONT face=serif size=2>Amounts reflect the
      aggregate increase in the actuarial present value of accumulated benefits
      under the qualified Ameron Pension Plan (Salaried Section) as of November
      30, 2007.</FONT></TD></TR></TABLE>
<P align=center><FONT face=serif size=2>25</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE><BR>
<TABLE style="TEXT-ALIGN: justify" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>(4)</FONT></TD>
    <TD vAlign=top noWrap>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD vAlign=top width="100%"><FONT face=serif size=2>Amount includes
      executive perquisites in the amount of $63,490, reimbursement for taxes on
      executive perquisites in the amount of $14,320, a contribution by the
      Company to the 401(k) Savings Plan in the amount of $6,200 and dividends
      paid on unvested shares of restricted stock in the amount of $33,910.
      Executive perquisites include amounts paid by the Company for annual
      automobile allowance, club membership dues, financial planning and tax
      services and executive life and medical insurance premiums.</FONT></TD></TR>
  <TR>
    <TD vAlign=top width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>(5)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top width="100%"><FONT face=serif size=2>Amount includes
      executive perquisites, a contribution by the Company to the 401(k) Savings
      Plan in the amount of $6,556 and dividends paid on unvested shares of
      restricted stock in the amount of $713.</FONT></TD></TR>
  <TR>
    <TD vAlign=top width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>(6)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top width="100%"><FONT face=serif size=2>Amount includes
      executive perquisites in the amount of $36,913, reimbursement for taxes on
      executive perquisites in the amount of $13,738, a contribution by the
      Company to the 401(k) Savings Plan in the amount of $6,510 and dividends
      paid on unvested shares of restricted stock in the amount of $13,761.
      Executive perquisites include amounts paid by the Company for annual
      automobile allowance, club membership dues, financial planning and tax
      services and executive life and medical insurance premiums.</FONT></TD></TR>
  <TR>
    <TD vAlign=top width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>(7)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top width="100%"><FONT face=serif size=2>Amount includes
      executive perquisites in the amount of $20,175, a contribution by the
      Company to the 401(k) Savings Plan in the amount of $6,461 and dividends
      paid on unvested shares of restricted stock in the amount of $11,392.
      Executive perquisites include amounts paid by the Company for annual
      automobile allowance and executive life and medical insurance
      premiums.</FONT></TD></TR>
  <TR>
    <TD vAlign=top width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>(8)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top width="100%"><FONT face=serif size=2>Amount includes
      executive perquisites, a contribution by the Company to the 401(k) Savings
      Plan in the amount of $6,915 and dividends paid on unvested shares of
      restricted common stock in the amount of $713.</FONT></TD></TR>
  <TR>
    <TD vAlign=top width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>(9)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top width="100%"><FONT face=serif size=2>Mr. Giese resigned as
      an executive officer of the Company on November 15, 2007 in anticipation
      of his retiring from the Company on March 1, 2008.</FONT></TD></TR>
  <TR>
    <TD vAlign=top width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>(10)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top width="100%"><FONT face=serif size=2>Amount includes
      executive perquisites $28,311, reimbursement for taxes on executive
      perquisites $11,889, a contribution by the Company to the 401(k) Savings
      Plan in the amount of $6,568 and dividends paid on unvested shares of
      restricted stock in the amount of $5,813. Executive perquisites include
      amounts paid by the Company for annual automobile allowance, financial
      planning and tax services and executive medical insurance
    premiums.</FONT></TD></TR></TABLE>
<P align=justify><B><FONT face=serif size=2>Fiscal Year 2007 Grants of
Plan-Based Awards</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>The
following table sets forth information concerning awards of stock options and
restricted stock made to each of the Named Executive Officers during fiscal year
2007.</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="58%" colSpan=2>&nbsp; </TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%"></TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%"><B><FONT face=serif size=1>Grant</FONT></B> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="58%" colSpan=2>&nbsp; </TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%" colSpan=2><B><FONT face=serif size=1>All Other</FONT></B> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%"><B><FONT face=serif size=1>Date
      Fair</FONT></B> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="58%" colSpan=2>&nbsp; </TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="11%" colSpan=5><B><FONT face=serif size=1>Estimated Future Payouts</FONT></B> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%" colSpan=2><B><FONT face=serif size=1>Stock</FONT></B> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%"><B><FONT face=serif size=1>Value
      of</FONT></B> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="58%" colSpan=2>&nbsp; </TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="11%" colSpan=5><B><FONT face=serif size=1>Under Non-Equity Incentive</FONT></B> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="11%" colSpan=5><B><FONT face=serif size=1>Estimated Future Payouts Under</FONT></B> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%" colSpan=2><B><FONT face=serif size=1>Awards: #</FONT></B> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%"><B><FONT face=serif size=1>Stock
      And</FONT></B> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="58%" colSpan=2>&nbsp; </TD>
    <TD noWrap align=center width="3%"></TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="11%" colSpan=5><B><FONT face=serif size=1>Pl</FONT></B><B><FONT face=serif size=1>an Awards </FONT></B><B><FONT face=serif size=1>(1)</FONT></B> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="11%" colSpan=5><B><FONT face=serif size=1>Equity I</FONT></B><B><FONT face=serif size=1>ncentive Plan Awards</FONT></B> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%" colSpan=2><B><FONT face=serif size=1>of
      Shares</FONT></B> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%"><B><FONT face=serif size=1>Option</FONT></B> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="58%" colSpan=2>&nbsp; </TD>
    <TD noWrap align=center width="4%" colSpan=2><B><FONT face=serif size=1>Grant</FONT></B> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%"><STRONG><FONT size=1>Approval</FONT></STRONG> </TD>
    <TD noWrap align=center width="1%">&nbsp;</TD>
    <TD noWrap align=center width="3%"><STRONG><FONT size=1>Threshold</FONT></STRONG> </TD>
    <TD noWrap align=center width="1%">&nbsp;</TD>
    <TD noWrap align=center width="3%"><STRONG><FONT size=1>Target</FONT></STRONG> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%"><STRONG><FONT size=1>Maximum</FONT></STRONG> </TD>
    <TD noWrap align=center width="1%">&nbsp;</TD>
    <TD noWrap align=center width="3%"><STRONG><FONT size=1>Threshold</FONT></STRONG> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%"><B><FONT face=serif size=1>Target</FONT></B> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%"><STRONG><FONT size=1>Maximum</FONT></STRONG> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%" colSpan=2><STRONG><FONT size=1>of
      Stocks</FONT></STRONG> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%"><B><FONT face=serif size=1>Awards</FONT></B> </TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="2%"><B><FONT face=serif size=1>Name</FONT></B> </TD>
    <TD noWrap align=left width="56%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="4%" colSpan=2><B><FONT face=serif size=1>Date</FONT></B> </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="3%"><B><FONT face=serif size=1>Date</FONT></B> </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="3%"><B><FONT face=serif size=1>$</FONT></B> </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="3%"><B><FONT face=serif size=1>$</FONT></B> </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="3%"><B><FONT face=serif size=1>$</FONT></B> </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="3%"><B><FONT face=serif size=1># Shares</FONT></B> </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="3%"><B><FONT face=serif size=1># Shares</FONT></B> </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="3%"><B><FONT face=serif size=1># Shares</FONT></B> </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%" colSpan=2><B><FONT face=serif size=1>or Unit</FONT></B><B><FONT face=serif size=1>s #</FONT></B> </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="3%"><B><FONT face=serif size=1>$ (2)</FONT></B> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="58%" bgColor=#c0c0c0 colSpan=2><FONT face=serif size=1>J. Marlen</FONT>&nbsp; </TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=1>1/30/07</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=1>106,860</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=1>427,440</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=1>854,800</FONT>&nbsp; </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="4%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="58%" bgColor=#c0c0c0 colSpan=2>&nbsp; </TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=1>2/9/07</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=1>&nbsp;(3)</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="3%" bgColor=#c0c0c0><FONT face=serif size=1>1/31/07</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=1>14,896</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=1>&nbsp;(4)</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=1>1,202,554</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="58%" bgColor=#c0c0c0 colSpan=2>&nbsp; </TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=1>9/19/07</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=1>&nbsp;(3)</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="3%" bgColor=#c0c0c0><FONT face=serif size=1>9/19/07</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="3%" bgColor=#c0c0c0><FONT face=serif size=1>&nbsp;8,000</FONT> </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=center width="3%" bgColor=#c0c0c0><FONT face=serif size=1>&nbsp; 20,000</FONT> </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=center width="3%" bgColor=#c0c0c0><FONT face=serif size=1>&nbsp; 24,000</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="4%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=1>2,397,840</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="58%" bgColor=#c0c0c0 colSpan=2>&nbsp; </TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=1>9/19/07</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=center width="3%" bgColor=#c0c0c0><FONT face=serif size=1>9/19/07</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=1>54,000</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=1>&nbsp;(3)</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=1>5,395,140</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="58%" colSpan=2><FONT face=serif size=1>J.
      McLaughlin</FONT>&nbsp; </TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=1>1/30/07</FONT>
    </TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=center width="3%">&nbsp;</TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=1>18,750</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%">&nbsp;</TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=1>75,000</FONT>
</TD>
    <TD noWrap align=right width="1%">&nbsp;</TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=1>150,000</FONT>&nbsp; </TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=left width="3%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="3%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="3%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="4%"></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="3%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="58%" colSpan=2>&nbsp; </TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=1>2/9/07</FONT>
</TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=center width="3%"><FONT face=serif size=1>1/31/07</FONT>
    </TD>
    <TD noWrap align=left width="1%">&nbsp;</TD>
    <TD noWrap align=left width="3%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="3%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="3%">&nbsp; </TD>
    <TD noWrap align=left width="1%">&nbsp;</TD>
    <TD noWrap align=left width="3%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="3%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="3%">&nbsp; </TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="4%"><FONT face=serif size=1>1,018</FONT> </TD>
    <TD noWrap align=left width="1%"><FONT face=serif size=1>&nbsp;(4)</FONT>
    </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=1>82,183</FONT>
  </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="58%" bgColor=#c0c0c0 colSpan=2><FONT face=serif size=1>G. Wagner</FONT>&nbsp; </TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=1>1/30/07</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=1>38,110</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=1>152,440</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=1>304,880</FONT>&nbsp; </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="4%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="58%" bgColor=#c0c0c0 colSpan=2>&nbsp; </TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=1>2/9/07</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="3%" bgColor=#c0c0c0><FONT face=serif size=1>1/31/07</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=1>6,206</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=1>&nbsp;(4)</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=1>501,010</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="58%" colSpan=2><FONT face=serif size=1>J.
      Solis</FONT>&nbsp; </TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=1>1/30/07</FONT>
    </TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=1>32,445</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=1>129,780</FONT>
    </TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=1>259,560</FONT>&nbsp; </TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=left width="3%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="3%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="3%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="4%"></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="3%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="58%" colSpan=2>&nbsp; </TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=1>2/9/07</FONT>
</TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=center width="3%"><FONT face=serif size=1>1/31/07</FONT>
    </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="3%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="3%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="3%">&nbsp; </TD>
    <TD noWrap align=left width="1%">&nbsp;</TD>
    <TD noWrap align=left width="3%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="3%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="3%">&nbsp; </TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="4%"><FONT face=serif size=1>4,965</FONT> </TD>
    <TD noWrap align=left width="1%"><FONT face=serif size=1>&nbsp;(4)</FONT>
    </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=1>400,824</FONT>
    </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="58%" bgColor=#c0c0c0 colSpan=2><FONT face=serif size=1>R. Friedrich</FONT>&nbsp; </TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=1>1/30/07</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=1>9,360</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=1>37,440</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=1>74,880</FONT>&nbsp; </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="4%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="58%" bgColor=#c0c0c0 colSpan=2>&nbsp; </TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=1>2/9/07</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="3%" bgColor=#c0c0c0><FONT face=serif size=1>1/31/07</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="3%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=1>1,018</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=1>&nbsp;(4)</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=1>82,183</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="58%" colSpan=2><FONT face=serif size=1>T.
      Giese</FONT>&nbsp; </TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=1>1/30/07</FONT>
    </TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=1>26,265</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=1>105,060</FONT>
    </TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=1>210,120</FONT>&nbsp; </TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=left width="3%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="3%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="3%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="4%"></TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="3%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="58%" colSpan=2>&nbsp; </TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=1>2/9/07</FONT>
</TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=center width="3%"><FONT face=serif size=1>1/31/07</FONT>
    </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="3%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="3%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="3%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="3%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="3%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="3%">&nbsp; </TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="4%"><FONT face=serif size=1>447</FONT> </TD>
    <TD noWrap align=left width="1%"><FONT face=serif size=1>&nbsp;(5)</FONT>
    </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=1>36,086</FONT>
  </TD></TR></TABLE><BR>
<P align=center><FONT face=serif size=2>26</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P>____________________</P>
<TABLE style="TEXT-ALIGN: justify" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>(1)</FONT></TD>
    <TD vAlign=top noWrap>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD vAlign=top width="100%"><FONT face=serif size=2>Amounts shown in this
      table were calculated using the salaries for the listed participants in
      the LTIP as of November 30, 2007. Actual payouts, if any, would be based
      on actual salaries at November 30, 2009, the end of the performance cycle.
      Participants in the LTIP are eligible to receive cash incentive awards and
      equity awards based on the financial performance of the Company and its
      business units, after the end of each three-year performance cycle. The
      above table shows, for the Named Executive Officers, the calculated future
      payouts, if any, under the LTIP for the three-year performance cycle which
      began in fiscal year 2007. Threshold amounts are the minimum amounts
      payable under the LTIP provided that the minimum level of performance is
      achieved with respect to the pre-established performance objective,
      measured in terms of cumulative earnings per share for that three-year
      cycle. If such performance is not achieved, amounts paid would be
      zero.</FONT></TD></TR>
  <TR>
    <TD vAlign=top width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>(2)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top width="100%"><FONT face=serif size=2>Certain awards of
      shares of restricted stock were made in fiscal years 2004, 2005, 2006 and
      2007 under the Company&#146;s Restricted Stock Agreement pursuant to the 2004
      Stock Incentive Plan. The amounts shown in this column consists of the
      compensation cost of awards of restricted stock that were recognized in
      fiscal year 2007 by the Company pursuant to SFAS 123R. Additional
      information related to the calculation of the compensation cost and the
      assumptions used is set forth in Note 13 Incentive Stock Compensation
      Plans of the Notes to the Consolidated Financial Statements of the
      Company&#146;s Annual Report on Form 10-K for the fiscal year
2007.</FONT></TD></TR>
  <TR>
    <TD vAlign=top width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>(3)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top width="100%"><FONT face=serif size=2>See &#147;Narrative
      Discussion to Fiscal Year 2007 Summary Compensation Table and Fiscal Year
      2007 Grants of Plan Based Awards Table&#151;Employment Agreements&#151;Mr. James S.
      Marlen&#148; below.</FONT></TD></TR>
  <TR>
    <TD vAlign=top width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>(4)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top width="100%"><FONT face=serif size=2>Reflects awards of
      shares of restricted stock pursuant to the Company&#146;s 2004 Stock Incentive
      Plan Restricted Stock Agreement granted on February 9, 2007. Such
      restricted stock vests at 33-1/3% per year with the exception of Mr.
      Giese&#146;s shares which vested on November 30, 2007. Any dividends generally
      declared by the Company are paid during the restricted period on shares of
      restricted stock.</FONT></TD></TR></TABLE>
<P align=justify><B><FONT face=serif size=2>Narrative Discussion to Fiscal Year
2007 Summary Compensation Table and Fiscal Year 2007 Grants of Plan Based Awards
Table</FONT></B></P>
<P align=justify><STRONG><FONT size=2>Employment Agreements</FONT></STRONG></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>The
Company has entered into an employment agreement with Mr. James S. Marlen, the
material terms of which are summarized below. The Company has not entered into
an employment agreement with any other Named Executive Officer.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT face=serif size=2>Mr.
James S. Marlen. </FONT></B><FONT face=serif size=2>In January 2003, the Company
entered into an Amended and Restated Employment Agreement (&#147;Employment
Agreement&#148;) with Mr. Marlen for his continued employment as Chairman, President
and CEO. The term of the Employment Agreement was due to expire when Mr. Marlen
attained the age of 67&#189; on September 14, 2008. However, as previously reported,
the Company and Mr. Marlen entered into a First Amendment to the Employment
Agreement (the &#147;Amendment&#148;) on September 19, 2007. The principal basis for the
Company to enter into the Amendment was the judgment of the Board that Mr.
Marlen was the best person to continue to serve as Chairman, President and CEO
of the Company. Pursuant to the Amendment, the term of the Employment Agreement
was extended to March 31, 2010; provided, however, that the Company, in the sole
discretion of the Board, may further extend the term for up to eight months to
end not later than November 30, 2010. Mr. Marlen&#146;s annual base salary rate is
subject to merit increases based on annual reviews by the Board, with
participation in the MICP, the LTIP, and other executive compensation and
benefit plans.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>The
Amendment provides that Mr. Marlen will be entitled to receive annual grants
under the Company&#146;s 2004 Stock Incentive Plan of 18,000 fully vested shares of
Common Stock in February of 2008, 2009 and 2010, so long as both a &#147;Change of
Control&#148; of the Company has not occurred and Mr. Marlen continues to be employed
by the Company as its Chairman of the Board, President, or Chief Executive
Officer as of the applicable grant dates. </FONT><FONT face=serif size=2>Mr.
Marlen will not be entitled to receive these annual grants after a &#147;Change of
Control&#148; or after his employment with the Company terminates for any reason
(including termination with or without cause or due to retirement, resignation,
death or disability).</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Also
under the terms of the Amendment, on September 19, 2007 the Company and Mr.
Marlen entered into a certain Performance Stock Unit Agreement (the &#147;Performance
Stock Unit Agreement&#148;), pursuant to which he may receive up to 24,000 shares of
Common Stock. Upon vesting, each performance stock unit equals the right to
receive one share of Common Stock. The Performance Stock Unit Agreement provides
for cliff vesting of the performance stock units at the end of the term of the
Employment Agreement; provided that the performance stock </FONT></P>
<P align=center><FONT face=serif size=2>27</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><FONT face=serif size=2>units will vest earlier upon a &#147;Change
of Control&#148; or upon Mr. Marlen&#146;s &#147;Termination Without Cause,&#148; or by reason of
his death or disability. No performance stock units will vest if Mr. Marlen
retires, resigns or his employment is terminated other than for a Termination
Without Cause prior to a Change of Control or before the end of the term of his
employment agreement. The Performance Stock Unit Agreement provides for a target
grant of 20,000 performance stock units, but the ultimate number will depend on
the per share closing price of the Common Stock on the date of vesting.
Specifically, if the per share closing price of the Common Stock on the date of
vesting is at or below $75.00, 8,000 units will vest. As the per share closing
stock price increases, the number of units that vest will increase, up to a
maximum of 24,000 if the per share closing price of the Common Stock on the date
of vesting is at or above $119.00.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>For the
purposes of the Employment Agreement, the Amendment and the Performance Stock
Unit Agreement, the following terms have the following definitions:</FONT></P>
<UL style="TEXT-ALIGN: justify">
  <LI><FONT face=serif size=2>A &#147;Termination Without Cause&#148; shall exist if Mr.
  Marlen&#146;s employment is terminated by the Company for any reason except: (a)
  willful breach of duty by Mr. Marlen in the course of his employment, (b)
  habitual neglect of duty or continued incapacity to perform it or (c) a
  material breach by Mr. Marlen of his obligations under the Employment
  Agreement (as Amended by the Amendment); provided, however, that Company shall
  provide Mr. Marlen with not less than sixty (60) days prior written notice
  describing the behavior or conduct which is alleged by the Company to
  constitute Cause for termination and Mr. Marlen shall be provided with
  reasonable opportunity to correct such behavior or conduct within that notice
  period. Additionally, if the title of President, Chief Executive Officer or
  Chairman of the Board is removed from Mr. Marlen without his consent and he
  terminates his employment within six (6) months of the removal of any such
  title, such termination shall be deemed to be a &#147;Termination Without Cause&#148; by
  the Company.<BR>&nbsp;</FONT>
  <LI><FONT face=serif size=2>&#147;Change of Control&#148; shall mean one or more of the
  following: (a) the acquisition, directly or indirectly by any person or
  related group of persons (as such term is used in Sections 13(d) and 14(d) of
  the Exchange Act), but other than the Company or a person that directly or
  indirectly controls, is controlled by, or is under control with the Company,
  of beneficial ownership (as defined in Rule 13d-3 of the Exchange Act) of
  securities of the Company that results in such person or related group of
  persons beneficially owning securities representing 40% or more of the
  combined voting power of the Company&#146;s then-outstanding securities; (b) a
  merger or consolidation to which the Company is a party, if (i) the beneficial
  owners of the Company&#146;s securities immediately before the transaction, do not,
  immediately after the transaction, have beneficial ownership of securities of
  the surviving entity or parent thereof representing at least 50% of the
  combined voting power of the then-outstanding securities of the surviving
  entity or parent, and (ii) the directors of the Company immediately prior to
  consummation of the transaction do not constitute at least a majority of the
  board of directors of the surviving entity or parent upon consummation of the
  transaction; (c) a change in the composition of the Board over a period of
  thirty-six (36) consecutive months or less such that a majority of the Board
  members ceases by reason of one or more contested elections for Board
  membership, to be comprised of individuals who either (i) have been Board
  members since the beginning of such period or (ii) have been elected or
  nominated for election as Board members during such period by at least a
  majority of the Board members described in clause (i) who were still in office
  at the time the Board approved such election or nomination; or (d) the sale,
  transfer or other disposition of all or substantially all of the Company&#146;s
  assets in complete liquidation or dissolution of the Company unless (i) the
  beneficial owners of the Company&#146;s securities immediately before the
  transaction have, immediately after the transaction, beneficial ownership of
  securities representing at least 50% of the combined voting power of the
  then-outstanding securities of the entity acquiring the Company&#146;s assets, and
  (ii) the directors of the Company immediately prior to consummation of the
  transaction constitute a majority of the board of directors of the entity
  acquiring the Company&#146;s assets upon consummation of the
  transaction.</FONT></LI></UL>
<P align=center><FONT face=serif size=2>28</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><B><FONT face=serif size=2>Outstanding Equity Awards at Fiscal
Year 2007 End</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>The
following table sets forth information concerning each of the Named Executive
Officer&#146;s equity awards that were outstanding as of the end of fiscal year 2007.
None of the Named Executive Officers holds any options to purchase Common Stock.
</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="78%" colSpan=2>&nbsp; </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD style="BORDER-BOTTOM: black 1pt solid" noWrap align=center width="21%" colSpan=11>&nbsp;<B><FONT face=serif size=1>Stock
    Awards</FONT></B>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="78%" colSpan=2>&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%">&nbsp; </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD noWrap align=center width="4%">&nbsp; </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD noWrap align=center width="5%" colSpan=3><B><FONT face=serif size=1>Equity Incentive</FONT></B> </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD noWrap align=center width="5%" colSpan=3><B><FONT face=serif size=1>Equity Incentive</FONT></B>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="78%" colSpan=2>&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%" colSpan=3><B><FONT face=serif size=1>Plan Awards:</FONT></B> </TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="5%" colSpan=3><B><FONT face=serif size=1>Plan Awards Market</FONT></B>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="78%" colSpan=2>&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%"><B><FONT face=serif size=1>Number
      of</FONT></B>&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%"><B><FONT face=serif size=1>Market
      Value</FONT></B>&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%" colSpan=3><B><FONT face=serif size=1>Number of</FONT></B> </TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="5%" colSpan=3><B><FONT face=serif size=1>or
      Payout Value of</FONT></B>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="78%" colSpan=2>&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%"><B><FONT face=serif size=1>Shares
      or</FONT></B>&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%"><B><FONT face=serif size=1>of Shares
      or</FONT></B>&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%" colSpan=3><B><FONT face=serif size=1>Unearned Shares,</FONT></B> </TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="5%" colSpan=3><B><FONT face=serif size=1>Unearned Shares,</FONT></B>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="78%" colSpan=2>&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%"><B><FONT face=serif size=1>Units of
      Stock</FONT></B>&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%"><B><FONT face=serif size=1>Units of
      Stock</FONT></B>&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%" colSpan=3><B><FONT face=serif size=1>Units or Other</FONT></B> </TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="5%" colSpan=3><B><FONT face=serif size=1>Units or Other</FONT></B>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="78%" colSpan=2>&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%"><B><FONT face=serif size=1>That Have
      Not</FONT></B>&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%"><B><FONT face=serif size=1>That Have
      Not</FONT></B>&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%" colSpan=3><B><FONT face=serif size=1>Rights That Have</FONT></B> </TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="5%" colSpan=3><B><FONT face=serif size=1>Rights That Have</FONT></B>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="4%"><B><FONT face=serif size=1>Name</FONT></B> </TD>
    <TD noWrap align=left width="74%">&nbsp;</TD>
    <TD noWrap align=center width="1%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="4%"><B><FONT face=serif size=1>Vested #</FONT></B>&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="4%"><B><FONT face=serif size=1>Vested $</FONT></B>&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%" colSpan=3><B><FONT face=serif size=1>Not Vested #</FONT></B> </TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%" colSpan=3><B><FONT face=serif size=1>Not Vested $ (1)</FONT></B>&nbsp;
  </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="78%" bgColor=#c0c0c0 colSpan=2><FONT face=serif size=2>J. Marlen</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=serif size=2>&#151;</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=serif size=2>&#151;</FONT>&nbsp; </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>115,396</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>(1)(2)</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2></FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>12,206,589</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="78%" colSpan=2><FONT face=serif size=2>J.
      McLaughlin</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%"><FONT face=serif size=2>&#151;</FONT>&nbsp;
    </TD>
    <TD noWrap align=center width="1%">&nbsp;</TD>
    <TD noWrap align=center width="4%"><FONT face=serif size=2>&#151;</FONT>&nbsp;
    </TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=2>1,018</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%"><FONT face=serif size=2>(3)</FONT> </TD>
    <TD noWrap align=left width="1%"><FONT face=serif size=2></FONT></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=2>107,684</FONT>
    </TD>
    <TD noWrap align=right width="1%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="78%" bgColor=#c0c0c0 colSpan=2><FONT face=serif size=2>G. Wagner</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=serif size=2>&#151;</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=serif size=2>&#151;</FONT>&nbsp; </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>15,373</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>(3)</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>1,626,156</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="78%" colSpan=2><FONT face=serif size=2>J.
      Solis</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%"><FONT face=serif size=2>&#151;</FONT>&nbsp;
    </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%"><FONT face=serif size=2>&#151;</FONT>&nbsp;
    </TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=2>12,465</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%"><FONT face=serif size=2>(3)</FONT> </TD>
    <TD noWrap align=left width="1%"><FONT face=serif size=2></FONT></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=2>1,318,548</FONT>
    </TD>
    <TD noWrap align=right width="1%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="78%" bgColor=#c0c0c0 colSpan=2><FONT face=serif size=2>R. Friedrich</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=serif size=2>&#151;</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=serif size=2>&#151;</FONT>&nbsp; </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>1,018</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2>(3)</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0><FONT face=serif size=2></FONT></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>107,684</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="78%" colSpan=2><FONT face=serif size=2>T.
      Giese</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%"><FONT face=serif size=2>&#151;</FONT>&nbsp;
    </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%"><FONT face=serif size=2>&#151;</FONT>&nbsp;
    </TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=2>5,000</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%"><FONT face=serif size=2>(3)</FONT> </TD>
    <TD noWrap align=left width="1%">&nbsp;</TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=2>528,900</FONT>
    </TD>
    <TD noWrap align=right width="1%"></TD></TR></TABLE>____________________<BR>&nbsp;<BR>
<TABLE style="TEXT-ALIGN: justify" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>(1)</FONT></TD>
    <TD vAlign=top noWrap>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD vAlign=top width="100%"><FONT face=serif size=2>Value is based on the
      per share closing price of the Common Stock of $105.78 on the New York
      Stock Exchange on November 30, 2007, the last day of fiscal year
      2007.</FONT></TD></TR>
  <TR>
    <TD vAlign=top width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>(2)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top width="100%"><FONT face=serif size=2>The vesting dates on
      the outstanding unvested shares for Mr. Marlen
are:</FONT></TD></TR></TABLE>&nbsp;<BR>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="45%" colSpan=2>&nbsp; </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD noWrap align=center width="4%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>Grant</STRONG></FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD noWrap align=center width="4%">&nbsp; </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp; </TD>
    <TD noWrap align=center width="4%">&nbsp; </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD noWrap align=center width="4%">&nbsp; </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp; </TD>
    <TD noWrap align=center width="4%">&nbsp; </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp; </TD>
    <TD noWrap align=center width="4%">&nbsp; </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD noWrap align=center width="4%"></TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp; </TD>
    <TD noWrap align=center width="4%"></TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp; </TD>
    <TD noWrap align=center width="4%"></TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</TD>
    <TD noWrap align=center width="4%"></TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</TD>
    <TD noWrap align=center width="4%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>Total</STRONG></FONT>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="45%" colSpan=2>&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>Date</STRONG></FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="9%" colSpan=3><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>Grant Date</STRONG></FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%"></TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="4%"></TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="4%"></TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="4%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>Grant Date</STRONG></FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%">&nbsp; </TD>
    <TD noWrap align=center width="4%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>Shares Not</STRONG></FONT>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="45%" colSpan=2>&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="4%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>2/1/05</STRONG></FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="9%" colSpan=3><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>1/25/06</STRONG></FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="14%" colSpan=5><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>Grant
      Date 2/9/07</STRONG></FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="14%" colSpan=5><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>Grant
      Date 9/19/07</STRONG></FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="4%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>9/19/07</STRONG></FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="4%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>Vested</STRONG></FONT>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="4%"><B><FONT face=serif size=1>Vesting</FONT></B> </TD>
    <TD noWrap align=left width="41%">&nbsp;</TD>
    <TD noWrap align=center width="1%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="4%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>2/1/08</STRONG></FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="4%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>1/25/08</STRONG></FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="4%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>1/25/09</STRONG></FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="4%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>2/9/08</STRONG></FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="4%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>2/9/09</STRONG></FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="4%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>2/9/10</STRONG></FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="4%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>2/1/08 (a)</STRONG></FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="4%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>2/1/09 (a)</STRONG></FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="4%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>2/1/09 (a)</STRONG></FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%"><B><FONT face=serif size=1></FONT></B></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="4%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>3/31/10 (b)</STRONG></FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%">&nbsp;</TD>
    <TD noWrap align=center width="4%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="45%" bgColor=#c0c0c0 colSpan=2><FONT face=serif size=1>J. Marlen</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=serif size=1><FONT size=3>&nbsp;</FONT>7,500</FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=serif size=1><FONT size=3>&nbsp;</FONT>7,500</FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=serif size=1><FONT size=3>&nbsp;</FONT>7,500</FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=serif size=1><FONT size=3>&nbsp;</FONT>4,965</FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=serif size=1><FONT size=3>&nbsp;</FONT>4,965</FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=serif size=1><FONT size=3>&nbsp;</FONT>4,969</FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=serif size=1><FONT size=3>&nbsp;</FONT>18,000</FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=serif size=1><FONT size=3>&nbsp;</FONT>18,000</FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=serif size=1><FONT size=3>&nbsp;</FONT>18,000</FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=serif size=1><FONT size=3>&nbsp;</FONT>24,000</FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=serif size=1><FONT size=3>&nbsp;</FONT>115,396</FONT>&nbsp;</TD></TR></TABLE>____________________<BR>&nbsp;

<TABLE style="TEXT-ALIGN: justify" cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR>
    <TD vAlign=top noWrap width="1%"><FONT size=2>(a)</FONT></TD>
    <TD vAlign=top noWrap width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD vAlign=top width="97%"><FONT size=2>Pursuant to the terms of the
      Amendment, the shares of Common Stock will not vest if either a Change of
      Control has occurred or Mr. Marlen is no longer employed by the Company as
      its Chairman of the Board, President, or Chief Executive Officer at or
      prior to the applicable grant date. See &#147;Narrative Discussion to Fiscal
      Year 2007 Summary Compensation Table and Fiscal Year 2007 Grants of Plan
      Based Awards Table&#151;Employment Agreements&#151;Mr. James S. Marlen&#148;
    above.</FONT></TD></TR>
  <TR>
    <TD vAlign=top noWrap width="1%"></TD>
    <TD vAlign=top noWrap width="1%"></TD>
    <TD vAlign=top noWrap width="97%">&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap width="1%"><FONT size=2>(b)</FONT></TD>
    <TD vAlign=top noWrap width="1%"></TD>
    <TD vAlign=top width="97%"><FONT size=2>The Performance Stock Unit
      Agreement governing this grant provides for cliff vesting of the
      performance stock units at the end of the term of Mr. Marlen&#146;s employment
      agreement (that is, as early as March 31, 2010, but no later than November
      30, 2010). However, the performance stock units will vest earlier upon
      either a Change of Control or upon the termination of Mr. Marlen&#146;s
      employment without Cause, or by reason of his death or disability. Upon
      vesting each performance stock unit shall equal one share of Common Stock.
      The number of performance stock units that will vest will be based on the
      per share closing price of the Common Stock at the time of the applicable
      event triggering vesting, but in no case shall exceed 24,000. See
      &#147;Narrative Discussion to Fiscal Year 2007 Summary Compensation Table and
      Fiscal Year 2007 Grants of Plan Based Awards Table&#151;Employment
      Agreements&#151;Mr. James S. Marlen&#148; above.</FONT></TD></TR>
  <TR>
    <TD vAlign=top noWrap width="1%"></TD>
    <TD vAlign=top noWrap width="1%"></TD>
    <TD vAlign=top noWrap width="97%">&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap width="1%"><FONT size=2>(3)</FONT></TD>
    <TD vAlign=top noWrap width="1%"></TD>
    <TD vAlign=top width="97%"><FONT size=2>The vesting schedules for the
      outstanding unvested equity awards of the other Named Executive Officers
      are as follows:</FONT></TD></TR></TABLE><BR>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="58%" colSpan=2>&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD noWrap align=center width="5%" colSpan=3>&nbsp;<B><FONT face=serif size=1>Total</FONT></B>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="58%" colSpan=2>&nbsp; </TD>
    <TD noWrap align=right width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD noWrap align=center width="5%" colSpan=3><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>Grant Date</STRONG></FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="11%" colSpan=7><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>Grant
    Date</STRONG></FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%" colSpan=3><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>Shares Not</STRONG></FONT>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="58%" colSpan=2>&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%" colSpan=3><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>2/1/05</STRONG></FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="11%" colSpan=7>&nbsp;<B><FONT face=serif size=1>1/25/06</FONT></B>&nbsp;</TD>
    <TD noWrap align=center width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="17%" colSpan=11><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>Grant
      Date 2/9/07</STRONG></FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%" colSpan=3><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>Vested</STRONG></FONT>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="5%"><B><FONT face=serif size=1>Vesting Dates:</FONT></B> </TD>
    <TD noWrap align=left width="53%">&nbsp;</TD>
    <TD noWrap align=center width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%" colSpan=3><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>2/1/08</STRONG></FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%" colSpan=3><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>1/25/08</STRONG></FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%" colSpan=3><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>1/25/09</STRONG></FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%" colSpan=3><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>2/9/08</STRONG></FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%" colSpan=3><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>2/9/09</STRONG></FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%" colSpan=3><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>2/9/10</STRONG></FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="3%">&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="58%" bgColor=#c0c0c0 colSpan=2><FONT face=serif size=2>J. McLaughlin</FONT>&nbsp; </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>&#151;</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>&#151;</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>&#151;</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>339</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>339</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>340</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>1,018</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="58%" colSpan=2><FONT face=serif size=2>G.
      Wagner</FONT>&nbsp; </TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=2>2,500</FONT> </TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=2>3,333</FONT> </TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=2>3,334</FONT> </TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=2>2,069</FONT> </TD>
    <TD noWrap align=right width="1%">&nbsp;</TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=2>2,036</FONT> </TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=2>2,068</FONT> </TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="1%">&nbsp;</TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=2>15,373</FONT>
</TD>
    <TD noWrap align=right width="1%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="58%" bgColor=#c0c0c0 colSpan=2><FONT face=serif size=2>J. Solis</FONT>&nbsp; </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>2,500</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>2,500</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>2,500</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>1,655</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>1,655</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>1,655</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>12,465</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="58%" colSpan=2><FONT face=serif size=2>R.
      Friedrich</FONT>&nbsp; </TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=2>&#151;</FONT> </TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=2>&#151;</FONT> </TD>
    <TD noWrap align=right width="1%">&nbsp;</TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=2>&#151;</FONT> </TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=2>339</FONT> </TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=2>339</FONT> </TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=2>340</FONT> </TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="3%"><FONT face=serif size=2>1,018</FONT> </TD>
    <TD noWrap align=right width="1%"></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="58%" bgColor=#c0c0c0 colSpan=2><FONT face=serif size=2>T. Giese</FONT>&nbsp; </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>1,667</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>1,666</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>1,667</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>&#151;</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>&#151;</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>&#151;</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="3%" bgColor=#c0c0c0><FONT face=serif size=2>5,000</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD></TR></TABLE><BR>
<P align=center><FONT face=serif size=2>29</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><B><FONT face=serif size=2>Option Exercises and Stock Vested in
Fiscal Year 2007</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>The
following table sets forth the number of shares of Common Stock that each of the
Named Executive Officers acquired upon the vesting of grants of restricted stock
and the value realized upon such vesting. None of the Named Executive Officers
holds any options to purchase Common Stock. </FONT></P>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="90%" colSpan=2>&nbsp; </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="9%" colSpan=5><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>Stock
      Awards</STRONG></FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="90%" colSpan=2>&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="6%" colSpan=3><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>Number</STRONG></FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD noWrap align=center width="2%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>Value</STRONG></FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="90%" colSpan=2>&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="6%" colSpan=3><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>of Shares</STRONG></FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="2%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>Realized</STRONG></FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="90%" colSpan=2>&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="6%" colSpan=3><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>Acquired</STRONG></FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="2%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>on Vesting</STRONG></FONT>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="4%"><B><FONT face=serif size=1>Name</FONT></B> </TD>
    <TD noWrap align=left width="86%">&nbsp;</TD>
    <TD noWrap align=center width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="6%" colSpan=3><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>on
      Vesting #</STRONG></FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="2%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>$
      (1)</STRONG></FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="90%" bgColor=#c0c0c0 colSpan=2><FONT face=serif size=2>James S. Marlen</FONT>&nbsp; </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>23,666</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0><FONT face=serif size=2>1,772,029</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="90%" colSpan=2><FONT face=serif size=2>James
      R. McLaughlin</FONT>&nbsp; </TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="4%"><FONT face=serif size=2>&#151;</FONT> </TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=left width="1%">&nbsp;</TD>
    <TD noWrap align=right width="2%"><FONT face=serif size=2>&#151;</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="90%" bgColor=#c0c0c0 colSpan=2><FONT face=serif size=2>Gary Wagner</FONT>&nbsp; </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>9,167</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0><FONT face=serif size=2>683,011</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="90%" colSpan=2><FONT face=serif size=2>Javier
      Solis</FONT>&nbsp; </TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="1%">&nbsp;</TD>
    <TD noWrap align=right width="4%"><FONT face=serif size=2>8,334</FONT> </TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="2%"><FONT face=serif size=2>602,413</FONT>
    </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="90%" bgColor=#c0c0c0 colSpan=2><FONT face=serif size=2>Ralph S. Friedrich</FONT>&nbsp; </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>&#151;</FONT> </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="2%" bgColor=#c0c0c0><FONT face=serif size=2>&#151;</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="90%" colSpan=2><FONT face=serif size=2>Thomas
      P. Giese</FONT>&nbsp; </TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="4%"><FONT face=serif size=2>7,115</FONT> </TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="2%"><FONT face=serif size=2>534,514</FONT>
    </TD></TR></TABLE>____________________<BR>&nbsp;<BR>
<TABLE style="TEXT-ALIGN: justify" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>(1)</FONT></TD>
    <TD vAlign=top noWrap>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD vAlign=top width="100%"><FONT face=serif size=2>Value is based on the
      per share closing price of the Common Stock on the New York Stock Exchange
      on the dates on which the shares vested.</FONT></TD></TR></TABLE>
<P align=center><B><FONT face=serif size=2>FISCAL YEAR 2007-END PENSION BENEFITS
</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>The
following table sets forth the present value of accumulated benefits payable to
the Named Executive Officers under the qualified Ameron Pension Plan (Salaried
Section) as of November 30, 2007.</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="72%" colSpan=2>&nbsp; </TD>
    <TD noWrap align=left width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD noWrap align=center width="8%">&nbsp; </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD noWrap align=center width="4%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>Number</STRONG></FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD noWrap align=center width="6%" colSpan=3>&nbsp;<B><FONT face=serif size=1>Present</FONT></B> </TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD noWrap align=center width="5%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>Payments</STRONG></FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="72%" colSpan=2>&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=center width="8%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>of Years</STRONG></FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="6%" colSpan=3>&nbsp;<B><FONT face=serif size=1>Value of</FONT></B> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>During</STRONG></FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="72%" colSpan=2>&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=center width="8%">&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>Credited</STRONG></FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="6%" colSpan=3><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>Accumulated</STRONG></FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>Last Fiscal</STRONG></FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="4%"><B><FONT face=serif size=1>Name</FONT></B> </TD>
    <TD noWrap align=left width="68%">&nbsp;</TD>
    <TD noWrap align=center width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="8%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>Plan
      Name</STRONG></FONT> </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="4%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>Service #</STRONG></FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="6%" colSpan=3>&nbsp;<B><FONT face=serif size=1>Benefit $</FONT></B> </TD>
    <TD noWrap align=center width="1%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="5%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>Year
      $</STRONG></FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="72%" bgColor=#c0c0c0 colSpan=2><FONT face=serif size=2>James S. Marlen</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="8%" bgColor=#c0c0c0><FONT face=serif size=2><FONT style="BACKGROUND-COLOR: #c0c0c0" size=3>&nbsp;</FONT>Ameron
      Pension Plan</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=serif size=2><FONT size=3>&nbsp;</FONT>14.50</FONT>&nbsp;</TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0>&nbsp; &nbsp;<FONT face=serif size=2>549,877</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=serif size=2><FONT size=3>&nbsp;</FONT>&#151;</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="72%" colSpan=2><FONT face=serif size=2>James
      R. McLaughlin</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="8%"><FONT face=serif size=2><FONT size=3>&nbsp;</FONT>Ameron Pension Plan</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%">&nbsp;</TD>
    <TD noWrap align=center width="4%"><FONT face=serif size=2><FONT size=3>&nbsp;</FONT>13.17</FONT>&nbsp;</TD>
    <TD noWrap align=left width="1%">&nbsp;</TD>
    <TD noWrap align=left width="1%">&nbsp;</TD>
    <TD noWrap align=right width="4%">&nbsp; &nbsp;<FONT face=serif size=2>356,108</FONT> </TD>
    <TD noWrap align=left width="1%">&nbsp;</TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=serif size=2><FONT size=3>&nbsp;<FONT size=2>&#151;</FONT> </FONT></FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="72%" bgColor=#c0c0c0 colSpan=2><FONT face=serif size=2>Gary Wagner</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=center width="8%" bgColor=#c0c0c0><FONT face=serif size=2><FONT style="BACKGROUND-COLOR: #c0c0c0" size=3>&nbsp;</FONT>Ameron
      Pension Plan</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=serif size=2><FONT size=3>&nbsp;</FONT>22.67</FONT>&nbsp;</TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0>&nbsp; &nbsp; <FONT face=serif size=2>495,085</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=serif size=2><FONT size=3>&nbsp;</FONT>&#151;<FONT style="BACKGROUND-COLOR: #c0c0c0" size=3> </FONT></FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="72%" colSpan=2><FONT face=serif size=2>Javier
      Solis</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="8%"><FONT face=serif size=2><FONT size=3>&nbsp;</FONT>Ameron Pension Plan</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%"><FONT face=serif size=2><FONT size=3>&nbsp;</FONT>26.17</FONT>&nbsp;</TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="4%">&nbsp; &nbsp;<FONT face=serif size=2>776,250</FONT> </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=serif size=2><FONT size=3>&nbsp;<FONT size=2>&#151;</FONT> </FONT></FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="72%" bgColor=#c0c0c0 colSpan=2><FONT face=serif size=2>Ralph S. Friedrich</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="8%" bgColor=#c0c0c0><FONT face=serif size=2><FONT style="BACKGROUND-COLOR: #c0c0c0" size=3>&nbsp;</FONT>Ameron
      Pension Plan</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="4%" bgColor=#c0c0c0><FONT face=serif size=2><FONT size=3>&nbsp;</FONT>30.00</FONT>&nbsp;</TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0>&nbsp; &nbsp;<FONT face=serif size=2>680,030</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=center width="5%" bgColor=#c0c0c0><FONT face=serif size=2><FONT size=3>&nbsp;<FONT size=2>&#151;</FONT><FONT style="BACKGROUND-COLOR: #c0c0c0"> </FONT></FONT></FONT></TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="72%" colSpan=2><FONT face=serif size=2>Thomas
      P. Giese</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="8%"><FONT face=serif size=2><FONT size=3>&nbsp;</FONT>Ameron Pension Plan</FONT>&nbsp; </TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="4%"><FONT face=serif size=2><FONT size=3>&nbsp;</FONT>30.00</FONT>&nbsp;</TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=right width="4%"><FONT face=serif size=2>1,066,113</FONT>
    </TD>
    <TD noWrap align=right width="1%"></TD>
    <TD noWrap align=center width="1%"></TD>
    <TD noWrap align=center width="5%"><FONT face=serif size=2><FONT size=3>&nbsp;<FONT size=2>&#151;</FONT>
</FONT></FONT></TD></TR></TABLE>____________________<BR>&nbsp;
<TABLE style="TEXT-ALIGN: justify" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>(1)</FONT></TD>
    <TD vAlign=top noWrap>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD vAlign=top width="100%"><FONT face=serif size=2>Additional information
      related to the valuation methods and all material assumptions applied in
      determining the present value of accumulated benefits are set forth in
      Note 16 Employee Benefit Plans to the Consolidated Financial Statements of
      the Company&#146;s Annual Report on Form 10-K for fiscal year
  2007.</FONT></TD></TR></TABLE>
<P align=justify>____________________</P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>The
Ameron Pension Plan provides a pension benefit to certain non union hourly and
salaried employees of the Company and certain of its subsidiaries based on such
individual&#146;s final average earnings. An individual&#146;s final average earnings
equals the highest amount of compensation earned by the individual in a
consecutive five year period over the last ten years. Amounts included in
compensation include base monthly salary (exclusive of overtime), severance,
bonuses, commissions and deferrals, as applicable. The Code limits the aggregate
amount of compensation per year on which benefits are based as well as the
aggregate amount of the annual pension which may be paid by an employer from a
plan which is qualified under the Code for federal income tax purposes. As of
November 30, 2007, the maximum compensation which may be considered in
determining an individual&#146;s final average earnings under the qualified Ameron
Pension Plan was $220,000. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>The
Ameron Pension Plan requires five years of service before an individual is
vested. Once vested, an individual is entitled to a pension benefit at the
normal retirement age of 65. Benefits are payable in the form of a straight life
annuity, a ten year certain life annuity, a level income method or one of three
joint and survivor life annuity formulas. The monthly pension benefit due to
each Named Executive Officer, assuming the selection of a straight life annuity,
</FONT></P>
<P align=center><FONT face=serif size=2>30</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><FONT face=serif size=2>equals 1.35% of the monthly final
average earnings plus 0.6% of the monthly final average earnings in excess of
covered compensation, multiplied by the number of years of credited service up
to a maximum of 30 years. Any other form of payment elected would reduce this
amount.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>The
Ameron Pension Plan permits early retirement at age 55 if the individual has at
least ten years of credited service. If early retirement is elected, the pension
benefit will be reduced for each month that the early retirement date precedes
the normal retirement date by (i) 5/9 of 1 percent for each of the first sixty
months and (ii) 5/18 of 1 percent for the next sixty months. All of the Named
Executive Officers were eligible for early retirement as of November 30, 2007.
</FONT></P>
<P align=justify><B><FONT face=serif size=2>Potential Payments upon Termination
or Change of Control</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>The
Company has entered into agreements with Messrs. Marlen, Wagner, Solis and
McLaughlin which provide for certain severance and change of control payments,
the material terms of which are summarized below. The Company has not entered
into any such personal agreement with any of the other Named Executive Officer
</FONT></P>
<P align=justify><FONT face=serif size=2><FONT size=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><STRONG>Mr. James S. Marlen.
</STRONG></FONT><FONT face=serif size=2>Pursuant to the terms of the Amendment,
in the event that Mr. Marlen&#146;s employment is Terminated Without Cause prior to
March 31, 2010, the Company will pay Mr. Marlen a lump-sum cash severance
payment equal to 1.5 times the sum of his base salary in effect as of the date
of termination and the highest management incentive bonus paid to Mr. Marlen
during the 5 years preceding the termination (but not less than 100% of his base
salary as of the date of termination). Based on Mr. Marlen&#146;s current base salary
of $890,000 per year, and the bonus of $2,291,049 paid to him for 2006, the
lump-sum cash severance that would be payable to Mr. Marlen in the event of such
termination of employment without Cause would be presently $4,771,574. Under the
terms of the Employment Agreement, Mr. Marlen would be reimbursed for any excise
taxes, if any, which might be imposed under Section 4999 of the Code as a result
of such lump-sum severance payment. All unvested restricted stock grants, stock
options and performance stock units granted will become fully vested upon a
Termination Without Cause. As of November 30, 2007, the value of these awards
was $6,023,748 based on the per share closing price of $105.78 on that date on
the New York Stock Exchange. In such circumstances, the Company would also
continue to provide health and medical benefits substantially similar to those
in effect as of the date of such termination, with Mr. Marlen remaining
obligated to pay contributions towards such coverage at the same level as
immediately prior to such termination, until the earlier of (1) the second
anniversary of such date of termination, or (2) the date Mr. Marlen becomes
employed by another party (the &#147;Healthcare Benefits&#148;). Mr. Marlen is not
obligated to seek other employment or take any other action by way of mitigation
of the amounts payable to him in connection with a Termination Without Cause. No
lump-sum cash severance payment will be payable to Mr. Marlen in the event of
termination of his employment for any reason at any time on or after March 31,
2010. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>In the
event of Mr. Marlen&#146;s death or long-term disability during the term of the
Employment Agreement, all unvested restricted stock grants, stock options and
performance stock units granted to him will become fully vested. As of November
30, 2007, the value of these awards was $6,023,748 based on the per share
closing price of $105.78 on that date on the New York Stock Exchange. In
addition, Mr. Marlen would also remain eligible or entitled, as the case may be,
for a prorated management incentive or bonus award for the period prior to his
death or long-term disability.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>In the
event of Mr. Marlen&#146;s voluntary resignation or his employment is terminated in a
manner that does not qualify as a Termination Without Cause, he would be
entitled to the Healthcare Benefits.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>In the
event of a Change of Control, all unvested stock grants, stock options and
performance stock units granted to Mr. Marlen will automatically vest upon such
Change of Control. Assuming the Change of Control took place on November 30,
2007, the value of these awards was $6,023,748 based on the per share closing
price of $105.78 on that date on the New York Stock Exchange. In the event that
Mr. Marlen voluntarily resigns or is terminated without Cause within the 12
months following a Change of Control, Mr. Marlen will be entitled to the
lump-sum cash severance payments described above (reduced to equal the then
present value of such payments in accordance with Section 280G(d)(4) of the Code
if such reduction is necessary in order for the Company to avoid making a
gross-up payment to Mr. Marlen for taxes imposed under Section 4999 of the Code,
and less any amounts of compensation and other earned income earned by Mr.
Marlen for services rendered to parties other than the Company during the
remainder of the term of the Employment Agreement as of the date of
termination), and the Healthcare Benefits. </FONT></P>
<P align=center><FONT face=serif size=2>31</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT face=serif size=2>Mr.
Gary Wagner. </FONT></B><FONT face=serif size=2>In September 1998, the Company
entered into Change of Control Agreement with Mr. Wagner. The terms of the
agreement are automatically extended so that they always have a remaining term
of two years. Under the terms of the agreement, the annual base salary rates of
Mr. Wagner is subject to future merit increases based on annual reviews by the
Board. In the event of a &#147;Change of Control&#148; resulting in a &#147;Termination Without
Cause&#148; within 12 months following such Change of Control, Mr. Wagner would be
entitled to severance benefits equal to three times the sum of (a) the higher of
the annual base salary at the time of termination without cause or his current
base salary and (b) the average annual bonus earned for the two completed fiscal
years immediately prior to such termination. Based on Mr. Wagner&#146;s current base
salary of $457,000 per year, and the bonuses of $825,000 paid to him for 2006
and $675,000 for 2007, the lump-sum cash severance that would be payable to Mr.
Wagner in the event of such termination of employment without cause would be
presently $3,621,000. Additionally, Mr. Wagner would also be entitled to
pro-rata portions of his target incentive bonuses under the MICP and LTIP. Such
severance benefits are subject to reduction in order to comply with certain IRS
regulations and limitations relating to a change of control. Mr. Wagner would
also be entitled to continued health and medical benefits coverage for a period
of two (2) years following such termination at the same cost he would be paying
at the time of termination. In addition, regardless of whether Mr. Wagner is
terminated, upon the occurrence of a Change of Control, all of his stock option
awards and unvested restricted stock grants would become fully vested. As of
November 30, 2007, the value of these awards was $1,626,156 based on the per
share closing price of $105.78 on that date on the New York Stock Exchange. Mr.
Wagner is not be obligated to seek other employment or take any other action by
way of mitigation of the amounts payable to him pursuant to his Change of
Control Agreement, and the amounts payable to him thereunder shall not be
reduced or offset by any payments received by him on account of other
employment.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT face=serif size=2>Mr.
Javier Solis.</FONT></B><FONT face=serif size=2> In September 1998, the Company
entered into Change of Control Agreement with Mr. Solis. The terms of the
agreement are automatically extended so that they always have a remaining term
of two years. Under the terms of the agreement, the annual base salary rates of
Mr. Solis is subject to future merit increases based on annual reviews by the
Board. In the event of a &#147;Change of Control&#148; resulting in a &#147;Termination Without
Cause&#148; within 12 months following such Change of Control, Mr. Solis would be
entitled to severance benefits equal to three times the sum of (a) the higher of
the annual base salary at the time of termination without cause or his current
base salary and (b) the average annual bonus earned for the two completed fiscal
years immediately prior to such termination. Based on Mr. Solis&#146;s current base
salary of $356,000 per year, and the bonuses of $702,000 paid to him for 2006
and $575,000 for 2007, the lump-sum cash severance that would be payable to Mr.
Solis in the event of such termination of employment without cause would be
presently $2,983,500. Additionally, Mr. Solis would also be entitled to pro-rata
portions of his target incentive bonuses under the MICP and LTIP. Such severance
benefits are subject to reduction in order to comply with certain IRS
regulations and limitations relating to a change of control. Mr. Solis would
also be entitled to continued health and medical benefits coverage for a period
of two (2) years following such termination at the same cost he would be paying
at the time of termination. In addition, regardless of whether Mr. Solis is
terminated, upon the occurrence of a Change of Control, all of his stock option
awards and unvested restricted stock grants would become fully vested. As of
November 30, 2007, the value of these awards was $1,318,548 based on the per
share closing price of $105.78 on that date on the New York Stock Exchange. Mr.
Solis is not be obligated to seek other employment or take any other action by
way of mitigation of the amounts payable to him pursuant to his Change of
Control Agreement, and the amounts payable to him thereunder shall not be
reduced or offset by any payments received by him on account of other
employment.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT face=serif size=2>Mr.
James R. McLaughlin.</FONT></B><FONT face=serif size=2> In June 2000, the
Company entered into a Change of Control Agreement with Mr. McLaughlin. The term
of this agreement is automatically extended so that it always have a remaining
term of two years. Under the terms of the agreement, Mr. McLaughlin&#146;s annual
base salary rate is subject to future merit increases based on annual reviews by
the Board. In the event of a &#147;Change of Control&#148; resulting in a &#147;Termination
Without Cause&#148; within 12 months following such Change of Control, Mr. McLaughlin
would be entitled to a severance benefit equal to two times the sum of (a) the
higher of the annual base salary at the time of termination without cause or his
current base salary and (b) the average annual bonus earned for the two
completed fiscal years immediately prior to such termination. Based on Mr.
McLaughlin&#146;s current base salary of $288,000 per year, and the bonuses of
$268,000 paid to him for 2006 and $326,000 for 2007, the lump-sum cash severance
that would be payable to Mr. McLaughlin in the event of such termination of
employment without cause would be presently $1,170,000. Additionally, he would
also be entitled to a pro-rata portion of target incentive bonuses under the
MICP and LTIP. Such severance benefits are subject to reduction in order to
comply with certain IRS regulations and limitations relating to a change of
control. Mr. McLaughlin would also be entitled to continued health and medical
benefits coverage for a period </FONT></P>
<P align=center><FONT face=serif size=2>32</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><FONT face=serif size=2>of two (2) years following such
termination at the same cost he would be paying at the time of termination. In
addition, regardless of whether Mr. McLaughlin is terminated, upon the
occurrence of a Change of Control, all of his stock option awards and unvested
restricted stock grants would become fully vested. As of November 30, 2007, the
value of these awards was $107,684 based on the per share closing price of
$105.78 on that date on the New York Stock Exchange. Mr. McLaughlin is not be
obligated to seek other employment or take any other action by way of mitigation
of the amounts payable to him pursuant to his Change of Control Agreement, and
the amounts payable to him thereunder shall not be reduced or offset by any
payments received by him on account of other employment.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT face=serif size=2>Definitions.</FONT></B><FONT face=serif size=2> For purposes of the
Change of Control Agreements with Messrs. Wagner, Solis and McLaughlin
summarized above, the following terms have the following definitions:</FONT></P>
<UL style="TEXT-ALIGN: justify">
  <LI><FONT face=serif size=2>a &#147;Termination Without Cause&#148; shall exist if the
  employee is terminated by the Company for any reason</FONT> <FONT face=serif size=2>except: (1) willful breach of duty by the employee in the course of his
  employment or habitual neglect of his duty or continued incapacity to perform
  it, as contemplated by Section 2924 of the California Labor Code; (2) willful
  malfeasance or gross negligence by the employee in the performance of his
  duties; (3) any act of fraud, insubordination or other conduct by the employee
  which demonstrates gross unfitness for service; or (4) the employee's
  conviction (or entry of a plea of guilty, nolo contendere or the equivalent)
  for</FONT> <FONT face=serif size=2>any crime involving moral turpitude,
  dishonesty or breach of trust or any felony which is punishable by
  imprisonment in the jurisdiction involved. Additionally, it shall be deemed to
  be a &#147;Termination Without Cause&#148; if the employee terminates employment with
  the Company because of any of the following: (a) the employee's annual base
  salary is reduced below a stated amount (unless such reduction is part of an
  across the board reduction affecting all Company executives with a comparable
  level of responsibility, title or stature); (b) the employee is removed from
  or denied participation in incentive plans, benefit plans, or perquisites
  generally provided by the Company to other executives with a comparable level
  of responsibility, title or stature; (c) the employee's target incentive
  opportunity, benefits or perquisites are reduced relative to other executives
  with comparable responsibility, title or stature, or (d) the employee's title,
  duties or responsibilities with the Company are significantly reduced, or (e)
  the employee is required to relocate to an area outside the Metropolitan Los
  Angeles area; provided, however, that the employee must furnish written notice
  to the Company setting forth the reasons for the employee's intention to
  terminate employment under this paragraph, and the Company shall have an
  opportunity to cure the actions or omissions forming the basis for such
  intended termination, if possible, within thirty (30) days after receipt of
  such written notice.<BR>&nbsp;</FONT>
  <LI><FONT face=serif size=2>a &#147;Change of Control&#148; means either (a) the
  dissolution or liquidation of the Company, (b) a reorganization, merger or
  consolidation of the Company with one or more entities as a result of which
  the Company is not the surviving entity, (c) approval by the stockholders of
  the Company of any sale, lease exchange or other transfer (in one or a series
  of transactions) of all or substantially all of the assets of the Company, (d)
  approval by the stockholder of the Company of any merger or consolidation of
  the Company in which the holders of voting stock of the Company immediately
  before the merger or consolidation will not own fifty percent (50%) or more of
  the outstanding voting shares of the continuing or surviving entity
  immediately after such merger or consolidation, or (e) a change of 25% or more
  (rounded to the next whole person) in the membership of the Board of Directors
  of the Company within a 12-month period, unless the election or nomination for
  election by stockholders of each new director within such period was approved
  by the vote of at least 85% (rounded to the next whole person) of the
  directors then still in office who were in office at the beginning of the
  12-month period.</FONT></LI></UL>
<P align=center><FONT face=serif size=2>33</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I><FONT face=serif size=2>The
following report of the Audit Committee shall not be deemed soliciting material
and should not be deemed filed or incorporated by reference into any other
Company filing under the Securities Act of 1933, as amended, or the Exchange
Act, except to the extent the Company specifically incorporates this report by
reference therein.</FONT></I></P>
<P align=center><B><FONT face=serif size=2>REPORT OF THE AUDIT
COMMITTEE</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>The Audit
Committee of the Board is composed entirely of independent directors. Its
composition meets the membership requirements described in the Audit Committee
Charter. The purposes, duties and responsibilities of the Audit Committee are
described in the Audit Committee Charter, a copy of which can be found at the
Company&#146;s website </FONT><I><FONT face=serif size=2>www.ameron.com</FONT></I><FONT face=serif size=2> by following the links
to &#147;Shareholders&#148; and &#147;Corporate Governance&#148; or upon written request as set
forth above under &#147;The Board and its Committees&#151;Additional
Information.&#148;.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>With
respect to the Company&#146;s fiscal year ended November 30, 2007, the Audit
Committee: (a) has reviewed and discussed with management and
PricewaterhouseCoopers LLP, the Company&#146;s independent public accountants, the
audited financial statements for the fiscal year 2007; (b) has discussed with
the independent public accountants the matters required to be discussed by
Statement on Auditing Standards No. 61 (Communication with Audit Committees);
(c) has received from the independent public accountants the written disclosures
required by Independence Standard Board Standard No. 1 (Independence Discussions
with Audit Committees) and has discussed with them their independence for the
Company and its management; and (d) has considered whether the independent
public accountants&#146; provision of the non-audit services which are described
below under the caption &#147;All Other Fees&#148; is compatible with the independent
public accountants&#146; independence.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>In
reliance on the reviews and discussions referred to above, the Audit Committee
has recommended to the Board, and the Board has approved, that the audited
financial statements be included in the Company&#146;s Annual Report on Form 10-K for
fiscal year 2007 for filing with the SEC.</FONT></P>
<P align=justify><B><FONT face=serif size=2>Audit and Non-Audit
Fees</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>The
following table presents the aggregate fees billed to date by the Company&#146;s
principal accountant for services provided to the Company for fiscal years 2006
and 2007.</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="89%">&nbsp; </TD>
    <TD noWrap align=left width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="4%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>2006
      (5)</STRONG></FONT>&nbsp;</TD>
    <TD noWrap align=center width="1%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="4%"><FONT face=serif size=1><FONT size=3>&nbsp;</FONT><STRONG>2007
      (5)</STRONG></FONT>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="89%" bgColor=#c0c0c0><FONT face=serif size=2>Audit Fees (1)</FONT>&nbsp; </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>$2,603,000</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>$2,260,000</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="89%"><FONT face=serif size=2>Audit-Related
      Fees (2)</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="4%"><FONT face=serif size=2>&#151;</FONT> </TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=right width="4%"><FONT face=serif size=2>244,000</FONT>
    </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="89%" bgColor=#c0c0c0><FONT face=serif size=2>Tax Fees (3)</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0></TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>382,000</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>506,000</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="89%"><FONT face=serif size=2>All Other
      (4)</FONT>&nbsp; </TD>
    <TD noWrap align=left width="1%"></TD>
    <TD noWrap align=right width="4%"><FONT face=serif size=2>200,000</FONT>
    </TD>
    <TD noWrap align=left width="1%">&nbsp; </TD>
    <TD noWrap align=right width="4%"><FONT face=serif size=2>&#151;</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="89%" bgColor=#c0c0c0><FONT face=serif size=2>Total</FONT>&nbsp; </TD>
    <TD noWrap align=right width="1%" bgColor=#c0c0c0>&nbsp;</TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>$3,185,000</FONT> </TD>
    <TD noWrap align=left width="1%" bgColor=#c0c0c0>&nbsp; </TD>
    <TD noWrap align=right width="4%" bgColor=#c0c0c0><FONT face=serif size=2>$3,010,000</FONT>
</TD></TR></TABLE>____________________<BR>&nbsp;<BR>
<TABLE style="TEXT-ALIGN: justify" cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>(1)</FONT></TD>
    <TD vAlign=top noWrap>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD vAlign=top width="100%"><FONT face=serif size=2>Audit Fees consisted
      of audit work performed in the preparation of the financial statements, as
      well as work that generally only the independent auditor can reasonably be
      expected to provide, such as statutory audits, reviews of interim
      financial information and assistance with registration statements filed
      with the SEC.</FONT></TD></TR>
  <TR>
    <TD vAlign=top width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>(2)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top width="100%"><FONT face=serif size=2>Audit-Related Fees
      consisted primarily of fees paid for review and consultation regarding the
      implementation of FIN 48, </FONT><I><FONT face=serif size=2>Accounting for
      Uncertainty in Income Taxes </FONT></I><FONT face=serif size=2>and related
      disclosure, and M&amp;A due diligence.</FONT></TD></TR>
  <TR>
    <TD vAlign=top width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>(3)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top width="100%"><FONT face=serif size=2>Tax Fees related to
      tax preparation and compliance services were $278,000in 2006 and $328,000
      in 2007. The balance related to miscellaneous tax consulting
      services.</FONT></TD></TR>
  <TR>
    <TD vAlign=top width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>(4)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top width="100%"><FONT face=serif size=2>For 2006, All Other
      fees were primarily related to M&amp;A due diligence.</FONT></TD></TR>
  <TR>
    <TD vAlign=top width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap><FONT face=serif size=2>(5)</FONT></TD>
    <TD vAlign=top noWrap></TD>
    <TD vAlign=top width="100%"><FONT face=serif size=2>All Audit,
      Audit-Related and Tax Fees were approved by the Audit Committee pursuant
      to the pre-approval policy described immediately
  below.</FONT></TD></TR></TABLE>
<P align=center><FONT face=serif size=2>34</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>The Audit
Committee approves in advance, all audit services, audit-related services and
tax-related services provided by the Company&#146;s independent public accountants.
Pursuant to the pre-approval policy adopted by the Board in 2003, the Audit
Committee also approves All Other services provided by the independent public
accountants in advance on a case-by-case basis.</FONT></P>
<P align=justify><FONT face=serif size=2><FONT size=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>PricewaterhouseCoopers LLP is the
Company&#146;s principal independent accountant from May 2003.</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="50%"><FONT face=serif size=2>Submitted
      by:</FONT>&nbsp; </TD></TR>
  <TR>
    <TD width="50%"></TD>
    <TD width="50%">&nbsp; </TD></TR>
  <TR>
    <TD width="50%"></TD>
    <TD width="50%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="50%"><FONT face=serif size=2>J. Michael
      Hagan, </FONT><I><FONT face=serif size=2>Chairman</FONT></I>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="50%"><FONT face=serif size=2>David
      Davenport</FONT>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="50%"><FONT face=serif size=2>Terry L.
      Haines</FONT>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="50%"><FONT face=serif size=2>William D.
      Horsfall</FONT>&nbsp; </TD></TR>
  <TR>
    <TD width="50%"></TD>
    <TD width="50%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD noWrap align=left width="50%"></TD>
    <TD noWrap align=left width="50%"><FONT face=serif size=2>Members of the
      Audit Committee</FONT>&nbsp; </TD></TR></TABLE>
<P><BR>&nbsp;</P>
<P align=center><FONT face=serif size=2>35</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=center><B><FONT face=serif size=2>CERTAIN RELATIONSHIPS AND RELATED
TRANSACTIONS</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>It is the
Company&#146;s general policy not to enter into related-party transactions. To the
extent a related party has an interest in a transaction, the Board of Directors
reviews such transaction, the related party&#146;s interest and determines whether
such transaction is in the best interests of the Company and its
stockholders.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>The
Company owns 50% of TAMCO. Tokyo Steel Manufacturing Co, Ltd. (&#147;Tokyo Steel&#148;)
and Mitsui (and its U.S. subsidiary) each own 25% of TAMCO. It is the Company&#146;s
understanding that the estate of Mr. Taro Iketani owns approximately 16.46% of
the outstanding shares in Tokyo Steel. As disclosed under &#147;Voting Securities and
Principal Holders Thereof&#148;, the estate of Mr. Iketani owns 6.69% of the shares
of the Company. </FONT></P>
<P align=justify><FONT face=serif size=2><FONT size=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>TAMCO leases form the Company,
certain land, buildings and improvements used in TAMCO&#146;s steelmaking operations
at a monthly rate of $43,000 per month, payable quarterly in arrears. The amount
receivable from TAMCO on the lease as of November 30, 2007 was $80,350. The
Company leases certain other land from TAMCO used to store product at a monthly
rate of $5,417 per month payable in arrears. TAMCO also provides and charges
Ameron for certain utilities used in Ameron&#146;s production processes. The Company
reimbursed TAMCO $582,050 for its share of such costs in the year ended November
30, 2007.</FONT></P>
<P align=center><B><FONT face=serif size=2>MISCELLANEOUS</FONT></B></P>
<P align=justify><B><FONT face=serif size=2>Cost of Soliciting
Proxies</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>The cost
of soliciting proxies in the accompanying form has been or will be paid by the
Company. In addition to solicitation by mail, arrangements will be made with
brokerage houses and other custodians, nominees and fiduciaries to send proxy
materials to beneficial owners, and the Company will, upon request, reimburse
them for their reasonable expenses in so doing. Officers, directors and regular
employees of the Company may request the return of proxies personally, by means
of materials prepared for employee-stockholders or by telephone or telegram to
the extent deemed appropriate by the Board. No additional compensation will be
paid to such individuals for this activity. The extent to which this
solicitation will be necessary will depend upon how promptly proxies are
received; therefore, stockholders are urged to return their proxies without
delay.</FONT></P>
<P align=justify><B><FONT face=serif size=2>Stockholder Proposals</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Proposals
of stockholders to be considered for inclusion in the proxy statement and form
of proxy relating to the 2009 Annual Meeting must be addressed to the Company,
Attention: Corporate Secretary, at the Company&#146;s corporate offices, and must be
received there no later than October 10, 2008.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>The
Company&#146;s Bylaws provide that for business to be brought before an annual
meeting of stockholders by a stockholder, written notice must be received by the
Secretary of the Company not less than 60 or more than 120 days prior to the
annual meeting; provided that in the event the first public disclosure of the
date of the meeting is made less than 65 days prior thereto, the required notice
may be received within ten days following such public disclosure. The
information which must be included in the notice is specified in the applicable
Bylaw, a copy of which may be obtained from the Secretary as set forth above
under &#147;Additional Information.&#148;</FONT></P>
<P align=justify><B><FONT face=serif size=2>Householding of Proxy
Materials</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>The SEC
has adopted rules that permit companies and intermediaries such as brokers to
satisfy delivery requirements for proxy statements with respect to two or more
stockholders sharing the same address by delivering a single proxy statement
addressed to those stockholders. This process, which is commonly referred to as
&#147;householding,&#148; potentially provides extra convenience for stockholders and cost
savings for companies. The Company and some brokers household proxy materials,
delivering a single proxy statement to multiple stockholders sharing an address
unless contrary instructions have been received from the affected stockholders.
Once you have received notice from your broker or the Company that they or the
Company will be householding materials to your address, householding will
continue until you are notified otherwise or until you revoke your consent. If,
at any time, you no longer wish to participate in householding and would prefer
to receive a separate proxy statement, or if you are receiving multiple copies
of the proxy statement and wish to receive only one, please notify your broker
if your shares </FONT></P>
<P align=center><FONT face=serif size=2>36</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<P align=justify><FONT face=serif size=2>are held in a brokerage account or the
Company if you hold common stock directly. Requests should be addressed to the
Company, Attention: Corporate Secretary, at the Company&#146;s corporate offices
located at 245 S. Los Robles Avenue, Pasadena, CA 91101, or by calling
626-683-4000.</FONT></P>
<P align=center><B><FONT face=serif size=2>OTHER MATTERS</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>So far as
the Company&#146;s management knows, there are no matters to come before the meeting
other than those set forth in this proxy statement. If any further business is
presented to the Annual Meeting, the persons named in the proxies will act
accordingly to their best judgment on behalf of the stockholders they
represent.</FONT></P>
<DIV align=right>
<TABLE cellSpacing=0 cellPadding=0 width="50%" border=0>

  <TR vAlign=bottom>
    <TD align=left width="100%"><FONT face=serif size=2>By Order of the Board
      of Directors</FONT>&nbsp; </TD></TR>
  <TR>
    <TD width="100%">&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD align=left width="100%"><FONT face=serif size=2>Javier
      Solis</FONT>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD align=left width="100%"><I><FONT face=serif size=2>Secretary</FONT></I>&nbsp; </TD></TR></TABLE></DIV><BR>
<P align=justify><FONT face=serif size=2>February &nbsp;&nbsp;, 2008
<BR>Pasadena, California</FONT></P>
<P align=center><FONT face=serif size=2>37</FONT></P>
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M\.Q:-\.=4\;?`>YN?A7KOCSP;HVA6_PWU.WTJWU>'2-#M?$?G7Q9_8[_`."D
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MQ<\97FI0^+/%_P`1?A]X*EU+Q1\.?VFD\,0>)X?BSX4T[7[OQ-IFC^*?$^DZ
MP`?7G@#]@[QAXZT7_@I-\*/VQ-#^#7CWX%?\%!?B]XA^)]_X?\!^)/&\OB#P
MKI&L?`CX(?L^67@V^EUCP?X=BN-4T;P[\#?#OC32?B+H.IZ)JVD>-;AYM-T*
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2****`"BBB@`HHHH`****`/_9
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.A
<SEQUENCE>3
<FILENAME>exhibit_99-a.htm
<DESCRIPTION>INDEPENDENCE STANDARD
<TEXT>

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<P align=right><B><FONT face=serif size=2>Exhibit A</FONT></B></P>
<P align=center><B><FONT face=serif size=2>Independence Standards</FONT></B></P>
<P align=justify><FONT face=serif size=2>The Nominating &amp; Corporate
Governance Committee annually reviews the independence of all directors, and
reports its findings to the Board. Based upon the report and the directors&#146;
consideration, the Board determines which directors shall be deemed
independent.</FONT></P>
<P align=justify><FONT face=serif size=2>A director will be deemed independent
if it is determined that he or she has no material relationship with the
Company, either directly or through an organization that has a material
relationship with the Company. A relationship is &#147;material&#148; if, in the judgment
of the Board, it might reasonably be considered to interfere with the exercise
of independent judgment. Ownership of stock of the Company is not, in itself,
inconsistent with a finding of independence. In addition, an Audit Committee
member must also be independent within the meaning of the New York Stock
Exchange&#146;s listing requirements for audit committees. The following specific
standards are utilized in determining whether a director shall be deemed
independent:</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR>
    <TD width="1%">&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD vAlign=top width="1%">
      <P align=justify><FONT face=serif size=2>&gt;&gt;</FONT></P></TD>
    <TD vAlign=top width="1%" >&nbsp;&nbsp;&nbsp;&nbsp; </TD>
    <TD vAlign=top width="97%"><FONT size=2>the director is not, or in the
      past five years has not been, an employee of Ameron International
      Corporation or any of its subsidiaries (&#147;Ameron&#148;);</FONT></TD></TR>
  <TR>
    <TD width="1%"></TD>
    <TD vAlign=top width="1%"></TD>
    <TD vAlign=top width="1%" ></TD>
    <TD vAlign=top width="97%">&nbsp;</TD></TR>
  <TR>
    <TD width="1%"></TD>
    <TD vAlign=top width="1%"><FONT size=2>&gt;&gt;</FONT></TD>
    <TD vAlign=top width="1%" ></TD>
    <TD vAlign=top width="97%">
      <P align=justify><FONT face=serif size=2>an immediate family member of the
      director is not, and in the past five years has not been, employed as an
      executive officer of Ameron;</FONT></P></TD></TR>
  <TR>
    <TD width="1%"></TD>
    <TD vAlign=top width="1%"></TD>
    <TD vAlign=top width="1%" ></TD>
    <TD vAlign=top width="97%">&nbsp;</TD></TR>
  <TR>
    <TD width="1%"></TD>
    <TD vAlign=top width="1%"><FONT size=2>&gt;&gt;</FONT></TD>
    <TD vAlign=top width="1%" ></TD>
    <TD vAlign=top width="97%">
      <P align=justify><FONT face=serif size=2>neither the director nor a member
      of the director&#146;s immediate family is, or in the past three years has
      been, affiliated with or employed by Ameron&#146;s present or former (within
      three years) internal or external auditor;</FONT></P></TD></TR>
  <TR>
    <TD width="1%"></TD>
    <TD vAlign=top width="1%"></TD>
    <TD vAlign=top width="1%" ></TD>
    <TD vAlign=top width="97%">&nbsp;</TD></TR>
  <TR>
    <TD width="1%"></TD>
    <TD vAlign=top width="1%"><FONT size=2>&gt;&gt;</FONT></TD>
    <TD vAlign=top width="1%" ></TD>
    <TD vAlign=top width="97%">
      <P align=justify><FONT face=serif size=2>neither the director nor a member
      of the director&#146;s immediate family is, or in the past three years has
      been, employed as an executive officer of another company where any of
      Ameron&#146;s present executives serve on that company&#146;s compensation
      committee;</FONT></P></TD></TR>
  <TR>
    <TD width="1%"></TD>
    <TD vAlign=top width="1%"></TD>
    <TD vAlign=top width="1%" ></TD>
    <TD vAlign=top width="97%">&nbsp;</TD></TR>
  <TR>
    <TD width="1%"></TD>
    <TD vAlign=top width="1%"><FONT size=2>&gt;&gt;</FONT></TD>
    <TD vAlign=top width="1%" ></TD>
    <TD vAlign=top width="97%">
      <P align=justify><FONT face=serif size=2>neither the director nor a member
      of the director&#146;s immediate family, receives or has received more than
      $100,000 per year in direct compensation from Ameron in the past three
      years, other than director and committee fees and pensions or other forms
      of deferred compensation for prior services (provided such compensation is
      not contingent in any way on continued service);</FONT></P></TD></TR>
  <TR>
    <TD width="1%"></TD>
    <TD vAlign=top width="1%"></TD>
    <TD vAlign=top width="1%" ></TD>
    <TD vAlign=top width="97%">&nbsp;</TD></TR>
  <TR>
    <TD width="1%"></TD>
    <TD vAlign=top width="1%"><FONT size=2>&gt;&gt;</FONT></TD>
    <TD vAlign=top width="1%" ></TD>
    <TD vAlign=top width="97%">
      <P align=justify><FONT face=serif size=2>the director is not, and during
      the past three years has not been, an executive officer or employee, and
      no member of the director&#146;s immediate family is or has been during the
      past three years an executive officer, of a company that makes payments
      to, or receives payments from, Ameron for property or services in an
      amount which, in any single fiscal year, exceeds the greater of $1
      million, or 2% of such other company&#146;s consolidated gross
      revenues.</FONT></P></TD></TR></TABLE>
<P align=justify><FONT face=serif size=2>For purposes of this
<U>Attachment A,</U> an &#147;immediate family member&#148; means a person&#146;s spouse, parents, children,
siblings, mothers and fathers-in-law, sons and daughters-in-law, brothers and
sisters-in-law, and anyone (other than an employee) who shares such person&#146;s
home.</FONT></P>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.B
<SEQUENCE>4
<FILENAME>exhibit_99-b.htm
<DESCRIPTION>AMENDED AND RESTATED KEY EXECUTIVE LONG-TERM CASH INCENTIVE PLAN GENERAL PLAN
<TEXT>

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<P align=right><B><FONT face=serif size=2>Exhibit B</FONT></B></P>
<P align=justify><B><FONT face=serif size=2>January 30, 2008</FONT></B></P>
<P align=center><B><FONT face=serif size=2>AMENDED AND RESTATED
<BR></FONT></B><B><FONT face=serif size=2>KEY EXECUTIVE LONG-TERM CASH INCENTIVE
PLAN <BR>GENERAL PLAN DESCRIPTION</FONT></B></P>
<P align=justify><FONT face=serif size=2><FONT size=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>1. </FONT><I><FONT face=serif size=2>NAME</FONT></I><FONT face=serif size=2>. The plan hereby created is known
as the Ameron Amended and Restated Key Executive Long-Term </FONT><FONT face=serif size=2>Cash Incentive Plan (the &#147;Plan&#148;).</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>2.
</FONT><I><FONT face=serif size=2>PURPOSE</FONT></I><FONT face=serif size=2>.
The Plan is intended to reward selected senior-level executives who make
important contributions to the long-term financial and strategic performance of
Ameron International Corporation (the &#147;Company&#148;) and its operations.
Specifically, the Plan is designed to:</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top noWrap >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD vAlign=top noWrap><FONT face=serif size=2>(1)</FONT></TD>
    <TD vAlign=top noWrap >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD width="100%"><FONT face=serif size=2>Focus selected senior executives on achieving specific
      long-term financial and strategic objectives;</FONT></TD></TR>
  <TR>
    <TD noWrap ></TD>
    <TD width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap ></TD>
    <TD vAlign=top noWrap><FONT face=serif size=2>(2)</FONT></TD>
    <TD vAlign=top noWrap ></TD>
    <TD width="100%"><FONT face=serif size=2>Provide significant award potential for achieving above
      average performance; and</FONT></TD></TR>
  <TR>
    <TD noWrap ></TD>
    <TD width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap ></TD>
    <TD vAlign=top noWrap><FONT face=serif size=2>(3)</FONT></TD>
    <TD vAlign=top noWrap ></TD>
    <TD width="100%"><FONT face=serif size=2>Enhance the ability of the Company to attract and retain
      highly talented executives.</FONT></TD></TR></TABLE>
<P align=justify><FONT face=serif size=2><FONT size=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>3. </FONT><I><FONT face=serif size=2>PLAN ADMINISTRATION</FONT></I><FONT face=serif size=2>. The Plan shall be
administered by the Compensation Committee of the Company&#146;s </FONT><FONT face=serif size=2>Board of Directors (the &#147;Committee&#148;). Subject to the
provisions of the Plan, the Committee shall have the authority to make all
determinations necessary or advisable for the ongoing administration of the Plan
and to correct or supply any omission or to reconcile any inconsistency in the
Plan in the manner and to the extent that the Committee, in its sole discretion,
deems desirable to carry the Plan into effect. The Committee&#146;s authority shall
include but shall not be limited to:</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top noWrap >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD vAlign=top noWrap><FONT face=serif size=2>(1)</FONT></TD>
    <TD vAlign=top noWrap >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD width="100%"><FONT face=serif size=2>The selection of
      Participants;</FONT></TD></TR>
  <TR>
    <TD noWrap ></TD>
    <TD width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap ></TD>
    <TD vAlign=top noWrap><FONT face=serif size=2>(2)</FONT></TD>
    <TD vAlign=top noWrap ></TD>
    <TD width="100%"><FONT face=serif size=2>The establishment of Target
      Awards;</FONT></TD></TR>
  <TR>
    <TD noWrap ></TD>
    <TD width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap ></TD>
    <TD vAlign=top noWrap><FONT face=serif size=2>(3)</FONT></TD>
    <TD vAlign=top noWrap ></TD>
    <TD width="100%"><FONT face=serif size=2>The establishment of Performance
      Cycles and Performance Objectives;</FONT></TD></TR>
  <TR>
    <TD noWrap ></TD>
    <TD width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap ></TD>
    <TD vAlign=top noWrap><FONT face=serif size=2>(4)</FONT></TD>
    <TD vAlign=top noWrap ></TD>
    <TD width="100%"><FONT face=serif size=2>The treatment of unanticipated
      events materially affecting the administration of the
  Plan.</FONT></TD></TR></TABLE>
<P align=justify><FONT face=serif size=2><FONT size=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>4. </FONT><I><FONT face=serif size=2>DEFINITIONS</FONT></I><FONT face=serif size=2>. The following definitions
shall apply to the Plan.</FONT></P>
<P align=justify><FONT face=serif size=2><FONT size=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>4.1 </FONT><I><FONT face=serif size=2>&#147;AWARD&#148;</FONT></I><FONT face=serif size=2> means the cash compensation
earned under the terms of this Plan in any one Performance Cycle. </FONT></P>
<P align=justify><FONT face=serif size=2><FONT size=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>4.2 <I>&#147;BOARD&#148;</I> means the Board of Directors of the Company.</FONT></P>
<P align=justify><FONT face=serif size=2><FONT size=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>4.3 </FONT><I><FONT face=serif size=2>&#147;CHANGE OF CONTROL&#148;</FONT></I><FONT face=serif size=2> shall mean any or
all of the following:</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>

  <TR>
    <TD vAlign=top noWrap >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD vAlign=top noWrap><FONT face=serif size=2>(1)</FONT></TD>
    <TD vAlign=top noWrap >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD width="100%"><FONT face=serif size=2>The dissolution or liquidation of
      the Company;</FONT></TD></TR>
  <TR>
    <TD noWrap ></TD>
    <TD width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap ></TD>
    <TD vAlign=top noWrap><FONT face=serif size=2>(2)</FONT></TD>
    <TD vAlign=top noWrap ></TD>
    <TD width="100%"><P align=justify><FONT face=serif size=2>A reorganization, merger or
      consolidation of the Company with one or more corporations where the
      Company is not the surviving corporation;</FONT></p></TD></TR>
  <TR>
    <TD noWrap ></TD>
    <TD width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap ></TD>
    <TD vAlign=top noWrap><FONT face=serif size=2>(3)</FONT></TD>
    <TD vAlign=top noWrap ></TD>
    <TD width="100%"><P align=justify><FONT face=serif size=2>Approval by the stockholders
      of the Company of any sale, lease, exchange or other transfer (in one or a
      series of transactions) of all or substantially all of the assets of the
      Company;</FONT></p></TD></TR>
  <TR>
    <TD noWrap ></TD>
    <TD width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap ></TD>
    <TD vAlign=top noWrap><FONT face=serif size=2>(4)</FONT></TD>
    <TD vAlign=top noWrap ></TD>
    <TD width="100%"><P align=justify><FONT face=serif size=2>Approval by the stockholders
      of the Company of any merger or consolidation of the Company in which the
      holders of voting stock of the Company immediately before the merger or
      consolidation will not own fifty percent (50%) or more of the outstanding
      voting shares of the continuing or surviving corporation immediately after
      such merger or consolidation;</FONT></p></TD></TR>
  <TR>
    <TD noWrap ></TD>
    <TD width="100%" colSpan=3>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top noWrap ></TD>
    <TD vAlign=top noWrap><FONT face=serif size=2>(5)</FONT></TD>
    <TD vAlign=top noWrap ></TD>
    <TD width="100%"><P align=justify><FONT face=serif size=2>A change of twenty-five
      percent (25%) (rounded to the next whole person) in the membership of the
      Board within a twelve-month period, unless the election or nomination for
      election by stockholders of each new director within such period was
      approved by the vote of eighty-five percent (85%) (rounded to the next
      whole person) of the directors then still in office who were in office at
      the beginning of the twelve-month period.</FONT></p></TD></TR></TABLE>
<P align=justify><FONT face=serif size=2><FONT size=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>4.4 </FONT><I><FONT face=serif size=2>&#147;CODE&#148;</FONT></I><FONT face=serif size=2> refers to the Internal Revenue
Code of 1986, as amended, or any successor legislation.</FONT></P>
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<PAGE>

<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>4.5
</FONT><I><FONT face=serif size=2>&#147;DISABILITY&#148;</FONT></I><FONT face=serif size=2> means a physical or mental condition that permanently prevents the
Participant from performing his or her normal duties of employment. In the event
that a Participant is covered by a Company-sponsored long-term disability
program and the Participant is determined to qualify for disability benefits
under that program, then the Participant shall be presumed to qualify as
permanently disabled for purposes of the Plan. In the event that the participant
is not covered by a Company-sponsored long-term disability program, then the
Participant shall be presumed to be permanently disabled for purposes of the
Plan if the Committee so determines upon review of one or more medical opinions
acceptable to the Committee.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>4.6
</FONT><I><FONT face=serif size=2>&#147;EARLY RETIREMENT&#148;</FONT></I><FONT face=serif size=2> means a voluntary Termination of Service between the ages of fifty-five
(55) and sixty-five (65) provided that the Participant has at least ten (10)
years of Service (not necessarily continuous) with the Company as of the date of
Termination of Service.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>4.7
</FONT><I><FONT face=serif size=2>&#147;NORMAL RETIREMENT&#148;</FONT></I><FONT face=serif size=2> means Termination of Service at or after reaching sixty-five (65)
provided that the Participant has at least five (5) years of Service with the
Company (not necessarily continuous) as of the date of Termination of
Service.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>4.8
</FONT><I><FONT face=serif size=2>&#147;PARTICIPANT&#148;</FONT></I><FONT face=serif size=2> means those executive officers, other key employees and consultants who
have been recommended by the Company&#146;s Chief Executive Officer and approved by
the Committee for participation in the Plan.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>4.9
</FONT><I><FONT face=serif size=2>&#147;PARTICIPATION AGREEMENT&#148;</FONT></I><FONT face=serif size=2> means the agreement between the Company and the Participant
that describes the Performance Measures, Performance Objectives and their
relationship to Awards for that Participant.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>4.10
</FONT><I><FONT face=serif size=2>&#147;PERFORMANCE CYCLE&#148;</FONT></I><FONT face=serif size=2> means the period of time over which Company performance is measured for
determining whether and to what extent an Award is earned under the
Plan.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>4.11
</FONT><I><FONT face=serif size=2>&#147;PERFORMANCE MEASURES&#148;</FONT></I><FONT face=serif size=2> means the specific performance measures described in
Paragraph 8 hereinbelow.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>4.12
</FONT><I><FONT face=serif size=2>&#147;PERFORMANCE OBJECTIVES&#148;</FONT></I><FONT face=serif size=2> means the specific performance goals for the Performance
Measures established by the Committee for a Performance Cycle against which
actual performance is assessed under this Plan.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>4.13
</FONT><I><FONT face=serif size=2>&#147;SALARY&#148;</FONT></I><FONT face=serif size=2>
means a Participant&#146;s ending regular base salary, before any deductions and
exclusive of any bonuses, long-term incentives, payments under employee benefit
programs and other non-regular forms of compensation, whether deferred or
received by the Participant, in the last year of the Performance
Cycle.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>4.14
</FONT><I><FONT face=serif size=2>&#147;SERVICE&#148;</FONT></I><FONT face=serif size=2>
means substantially full-time employment or substantially full-time service as a
consultant (whether active or on an authorized leave of absence) with the
Company.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>4.15
</FONT><I><FONT face=serif size=2>&#147;TARGET AWARD&#148;</FONT></I><FONT face=serif size=2> means the cash compensation, expressed as a percentage of the
Participant&#146;s Salary, that a Participant is eligible to receive if the
Performance Objectives established for a particular Performance Cycle are
achieved.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>4.16
</FONT><I><FONT face=serif size=2>&#147;TERMINATION OF SERVICE&#148;</FONT></I><FONT face=serif size=2> means a termination of Service from the Company for any
reason, whether voluntary or involuntary, including death, Disability, Early
Retirement or Normal Retirement.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>5.
</FONT><I><FONT face=serif size=2>GENERAL PLAN DESCRIPTION.</FONT></I><FONT face=serif size=2> The Plan provides an opportunity for Participants to earn a
cash payment following the completion of a Performance Cycle based on the
Company&#146;s performance relative to Performance Objectives for that Performance
Cycle. It is anticipated, but not required, that each Performance Cycle will be
three-years in length and that a new Performance Cycle will begin each fiscal
year. New Performance Objectives will be established by the Committee for each
Performance Cycle.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>6.</FONT><I><FONT face=serif size=2> PLAN PARTICIPATION. </FONT></I><FONT face=serif size=2>Participation in the Plan shall be limited to executive
officers, other key employees and consultants who are recommended by the
Company&#146;s Chief Executive Officer and approved by the Committee. Participation
in any one Performance Cycle does not guarantee the right to participate in any
subsequent Performance Cycle. Notwithstanding the foregoing, the Committee may
extend participation or benefits to such Participants as it deems fit in its
sole and absolute discretion.</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>

<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>7.
</FONT><I><FONT face=serif size=2>AWARD DETERMINATION PROCESS. </FONT></I><FONT face=serif size=2>For each Performance Cycle, the Committee shall assign each
Participant a Target Award based on the Participant&#146;s level of responsibility,
ability to influence long-term Company performance, and competitive pay
considerations. In addition, the Committee shall establish Performance
Objectives for the Performance Cycle as well as the relationship between Awards
and different levels of achievement relative to the Performance Objectives. A
Participant&#146;s Target Award and the relationship between the Participant&#146;s Award
and different levels of achievement shall be described in a Participation
Agreement entered into between the Company and the Participant for each
Performance Cycle. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>The
Committee will normally not adjust a participant&#146;s Target Award during a
Performance Cycle, but it reserves the right to do so in special circumstances
as it deems fit, such as for example, due to the demotion of a Participant,
provided that no such adjustments shall be permitted if they are inconsistent
with Section 162(m) of the Code. In the event of a decrease in a Participant&#146;s
Target Award during a Performance Cycle, calculation of the Participant&#146;s Award
for that Performance Cycle will be based on prorating each Target Award
according to the number of days each was in effect during the Performance
Cycle.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>Awards
shall be determined by the Committee in accordance with the Participation
Agreement no later than ninety (90) days following the end of each Performance
Cycle. The Plan shall not provide for discretionary payments outside of Awards
determined in accordance with the Plan. However, the Committee reserves the
right to downwardly adjust Awards for any Performance Cycle if the Committee
deems, in its sole discretion, that Company performance for the Performance
Cycle was materially influenced by events not anticipated at the time that the
Performance Objectives were established. The maximum amount of cash compensation
payable to any individual for in any one calendar year shall not exceed $1
million.</FONT></P>
<P align=justify><FONT face=serif size=2><FONT size=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>8. </FONT><I><FONT face=serif size=2>PERFORMANCE MEASUREMENT</FONT></I><FONT face=serif size=2>. The Committee
shall establish the Performance Objectives for each </FONT><FONT face=serif size=2>Performance Cycle from among the following measures: revenue, net cash
flow, net income, operating income, earnings per share, return on sales, return
on equity, return on net assets employed, and return on total
capital.</FONT></P>
<P align=justify><FONT face=serif size=2><FONT size=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>9. </FONT><I><FONT face=serif size=2>PAYMENT OF AWARDS</FONT></I><FONT face=serif size=2>. Awards shall be
paid in cash no later than ninety (90) days following the end of the
</FONT><FONT face=serif size=2>Performance Cycle, but in no event later than the
15<SUP>th</SUP></FONT><FONT face=serif size=2> day of the third month following
the end of the year in which the Performance Cycle ends.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>10.
</FONT><I><FONT face=serif size=2>TERMINATION OF SERVICE</FONT></I><FONT face=serif size=2>. In the event of a Participant&#146;s Termination of Service for
cause (as hereinafter defined), the Participant will not be entitled to receive
an Award with respect to the corresponding Performance Cycle. As used
hereinabove the term &#147;for cause&#148; means termination of the Participant&#146;s
employment by the Company in case of any willful breach of duty by the
Participant in the course of employment, or in case of habitual neglect of duty
or continued incapacity to perform.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>In the
event of a Participant&#146;s Termination of Service for any reason other than for
cause, death, Disability, Normal Retirement or Early Retirement prior to the end
of a Performance Cycle, the Participant will not be entitled to receive an Award
with respect to the corresponding Performance Cycle unless the number of full
months of the Participant&#146;s Service with the Company during the Performance
Cycle, divided by the number of months in the Performance Cycle, exceeds 50%, in
which case the Participant will be entitled to a pro-rata portion of an Award
for that Performance Cycle. Such pro-rata Award shall be determined by
multiplying: (1) the amount of the Award for the Performance Cycle by (2) a
ratio equal to the number of full months of the Participant&#146;s Service with the
Company during the Performance Cycle, divided by the number of months in the
Performance Cycle, and shall be payable at the end of the applicable Performance
Cycle in accordance with Paragraph 9 of the Plan.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>In the
event of the Participant&#146;s Termination of Service due to death, Disability,
Normal Retirement or Early Retirement, the following provisions will apply:
</FONT></P>
<P align=justify><FONT face=serif size=2><FONT size=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>10.1 </FONT><I><FONT face=serif size=2>DEATH, DISABILITY OR NORMAL RETIREMENT.</FONT></I><FONT face=serif size=2> Upon a Participant&#146;s death, determination of Disability, or Normal
Retirement prior to the end of a Performance Cycle, the Participant (or, in the
case of death, the person or persons to whom the rights to any Award shall pass
by reason of the Participant&#146;s death, either by will or by applicable laws of
descent and distribution) shall be entitled to receive a pro-rata portion of any
Award for that Performance Cycle. Such pro-rata Award shall be determined by
multiplying: (1) the amount of the Award for the Performance Cycle by (2) a
ratio equal to the number of full months of the Participant&#146;s Service with the
Company </FONT></P>
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<P align=justify><FONT face=serif size=2>during the Performance Cycle, divided
by the number of months in the Performance Cycle. Awards payable following a
Participant&#146;s death, determination of total and permanent Disability, or Normal
Retirement shall be made at the end of the applicable Performance Cycle in
accordance with Paragraph 9 of the Plan.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>10.2
</FONT><I><FONT face=serif size=2>EARLY RETIREMENT. </FONT></I><FONT face=serif size=2>Upon the Early Retirement of the Participant prior to the end of a
Performance Cycle, the Participant shall be entitled to receive a pro-rata
portion of any Award for the Performance Cycle in accordance with the terms and
conditions of this Plan. Such pro-rata portions shall be determined by
multiplying: (1) the amount of the Award for the Performance Cycle by (2) a
ratio equal to the number of full months of the Participant&#146;s Service with the
Company during the Performance Cycle, divided by twice the number of months in
the Performance Cycle. Awards payable following a Participant&#146;s Early Retirement
shall be made at the end of the applicable Performance Cycle in accordance with
Paragraph 9 of the Plan.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>11.
</FONT><I><FONT face=serif size=2>CHANGE OF CONTROL. </FONT></I><FONT face=serif size=2>Upon a Change of Control of the Company prior to the end of any
Performance Cycle, each Participant shall be entitled to receive an Award under
the Plan equal to the Participant&#146;s Target Award for the Performance Cycle based
on the assumption that the Participant&#146;s Salary immediately prior to a Change of
Control would remain constant for the remaining period of the Performance Cycle.
Awards payable in accordance with this Paragraph 11 shall be paid in cash no
later than thirty (30) days following the effective date of the Change of
Control.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>12.
</FONT><I><FONT face=serif size=2>NEW PARTICIPANTS. </FONT></I><FONT face=serif size=2>New Participants may be added to the Plan by the Committee at any time.
New Participants added to the Plan during a Performance Cycle shall be eligible
to receive a pro-rata Award. Such pro-rata Award shall be determined by
multiplying: (1) the amount of the Award for the Performance Cycle by (2) a
ratio equal to the number of full months of the Participant&#146;s Service with the
Company during the Performance Cycle, divided by the number of months in the
Performance Cycle. Unless determined otherwise by the Committee, a new
participant must be a Participant in the Plan for at least twelve months during
a Performance Cycle to be eligible to receive an Award payment under the
Plan.</FONT></P>
<P align=justify><FONT face=serif size=2><FONT size=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>13. </FONT><I><FONT face=serif size=2>MISCELLANEOUS</FONT></I></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>13.1
</FONT><I><FONT face=serif size=2>TRANSFER RESTRICTIONS. </FONT></I><FONT face=serif size=2>This Award shall not be transferred, assigned, pledged or
hypothecated in any way, whether by operation of law (including bankruptcy) or
otherwise except as provided in Paragraph 10.1 of this Plan or pursuant to a
valid qualified domestic relations order. Upon any attempt to transfer, assign,
pledge or hypothecate or otherwise dispose of an Award contrary to the
provisions of this Plan, the Award and its associated rights and privileges
shall become null and void.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>13.2
</FONT><I><FONT face=serif size=2>RIGHT OF EMPLOYMENT DENIED. </FONT></I><FONT face=serif size=2>Nothing contained herein shall confer upon the Participant any
right to continue in the Service of the Company or shall interfere in any way
with the right of the Company (subject to the terms of any separate employment
agreement to the contrary) at any time to terminate the Participant&#146;s Service or
to increase or decrease the compensation of the Participant from the rate in
existence on the date of this Plan. All Participants are employed as
employees-at-will and may be terminated at any time with or without notice, and
with or without cause (also subject to the terms of any separate employment
agreement to the contrary).</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>13.3
</FONT><I><FONT face=serif size=2>NO RIGHTS AS A SHAREHOLDER. </FONT></I><FONT face=serif size=2>Neither the Participant nor any other person legally entitled
to receive a potential payment pursuant to this Plan shall be entitled to any of
the rights or privileges of a shareholder of the Company solely as a result of
such Award.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>13.4
</FONT><I><FONT face=serif size=2>UNFUNDED NATURE OF AWARD. </FONT></I><FONT face=serif size=2>The Company may periodically accrue estimated payouts pursuant
to the Plan and charge them as an expense against the income statement of the
Company. Accruals for estimated payouts do not oblige the Company to pay out any
Award or any portion thereof. Each Participant is an unsecured creditor of the
Company as to Awards. Neither the Participant nor any other person shall have as
a result of this Plan any interest in any fund nor in any specific asset of the
Company. Any reserve or other asset that the Company may establish or acquire to
ensure itself of the funds to provide benefits under this Plan shall not serve
in any way as security to the Participant or any other person for the Company&#146;s
performance under this Plan.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>13.5
</FONT><I><FONT face=serif size=2>WITHHOLDING TAX.</FONT></I><FONT face=serif size=2> The Company shall deduct from any payment due under the Plan any sums
required by federal, state or local tax law to be withheld with respect to such
payment.</FONT></P>
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<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>13.6
</FONT><I><FONT face=serif size=2>AMENDMENT OR TERMINATION OF THE PLAN.
</FONT></I><FONT face=serif size=2>This Plan may be amended, suspended or
revoked at any time, with or without notice, by the Board. However, unless
required by law, no change may be made to the Plan that adversely affects an
Award due for a completed Performance Cycle or as a result of a Change of
Control without the written consent of the affected Participant. Upon amendment,
suspension or revocation of the Plan, the Committee may, at its sole discretion,
authorize the proration or early distribution, or a combination thereof, of
Awards under the Plan, but only to the extent consistent with Section 409A of
the Code.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>13.7
</FONT><I><FONT face=serif size=2>EXTRAORDINARY EVENTS. </FONT></I><FONT face=serif size=2>If an extraordinary event occurs during any Performance Cycle
which significantly alters the basis upon which the relationship between
performance and Awards was established, the Committee may, in its sole
discretion, make adjustments to the performance measures, weighting of measures,
threshold requirements and/or relationship formulas. Events warranting such
action may include, but are not limited to, changes in accounting rules or
regulations, changes in regulatory rulings affecting the business of the
Company, and significant unexpected changes in economic conditions resulting in
&#147;windfall&#148; gains.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>13.8
</FONT><I><FONT face=serif size=2>VALIDITY. </FONT></I><FONT face=serif size=2>In the event that any provision of this Plan is held to be invalid, void
or unenforceable, the same shall not effect, in any respect whatsoever, the
validity of any other provision of the Plan.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>13.9
</FONT><I><FONT face=serif size=2>EFFECTIVE DATE. </FONT></I><FONT face=serif size=2>This amendment and restatement of the Plan is effective as of January 30,
2008, and shall remain in effect until terminated by the Board.</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>13.10
</FONT><I><FONT face=serif size=2>GOVERNING LAW. </FONT></I><FONT face=serif size=2>This Plan shall be administered, interpreted and governed under the laws
of the State of California.</FONT></P>
<P align=justify><FONT face=serif size=2>ADOPTED BY THE BOARD OF DIRECTORS ON
JANUARY 30, 2008.</FONT></P>
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<DOCUMENT>
<TYPE>EX-99.C
<SEQUENCE>5
<FILENAME>exhibit_99-c.htm
<DESCRIPTION>KEY EXECUTIVE LONG-TERM CASH INCENTIVE PLAN FORM OF PARTICIPATION AGREEMENT
<TEXT>

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<P align=right><B><FONT face=serif size=2>Exhibit C</FONT></B></P>
<P align=center><B><FONT face=serif size=2>KEY EXECUTIVE LONG-TERM CASH
INCENTIVE PLAN <BR>FORM OF PARTICIPATION AGREEMENT</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>This
PARTICIPATION AGREEMENT (the &#147;Agreement&#148;) is made and entered into as of the
date hereinbelow by and between Ameron International Corporation, a Delaware
corporation, (the &#147;Company&#148;) and the undersigned individual (the &#147;Participant&#148;),
with respect to the following: </FONT></P>
<P align=center><B><FONT face=serif size=2>RECITALS</FONT></B></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>The
Company&#146;s Board of Directors has adopted the Ameron Amended and Restated Key
Executive Long-Term Cash Incentive Plan (the &#147;Plan&#148;) on January 30, 2008. The
Participant has been selected to participate in the Plan in accordance with its
terms. The Company and the Participant desire to formally set forth certain
terms and benefits of the Plan as they apply to the Participant; </FONT></P>
<P align=justify><FONT face=serif size=2><FONT size=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>NOW, THEREFORE, the Company and the
Participant hereby agree as follows: </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>1.
INCORPORATION. The Plan is hereby incorporated into and made a part of this
Agreement as though set forth in full herein. The parties shall be bound by, and
have the benefit of, each and every provision of the Plan. Attachments 1 and 2
are incorporated herein and made a part hereof. </FONT></P>
<P align=justify><FONT face=serif size=2><FONT size=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>2. PERFORMANCE OBJECTIVES. If the
Company achieves the Performance Objectives as detailed in </FONT><FONT face=serif size=2>Attachment 1 hereto for the performance cycle described
therein, the Participant shall be entitled to receive the Award described
hereinbelow, subject to the terms and conditions of the Plan and this Agreement.
</FONT></P>
<P align=justify><FONT face=serif size=2><FONT size=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>3. LEVERAGE TABLE. Awards shall be
determined based on actual Company performance relative to the </FONT><FONT face=serif size=2>Performance Measures and Performance Objectives set out in
Attachment 1 and the relationships between actual performance, and those Award
percentages and thresholds set forth in Attachment 2. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>4.
SUCCESSORS AND ASSIGNS. This Agreement shall inure to the benefit of and be
binding upon the successors and assigns of the parties hereto (except that the
Participant may not, except in the case of death, voluntarily or involuntarily
assign any right to an Award hereunder). </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>5.
COUNTERPARTS. The Agreement may be executed in any number of counterparts, each
of which when so executed shall be deemed to be an original and all of which
taken together shall constitute one and the same Agreement. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>6.
HEADINGS. The headings in this Agreement are for convenience of reference only
and shall not limit or otherwise affect the meaning hereof. </FONT></P>
<P align=justify><FONT face=serif size=2><FONT size=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>7. GOVERNING LAW. This Agreement
shall be governed by and interpreted under the laws of the State of </FONT><FONT face=serif size=2>California. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>8.
SEVERABILITY. In the event that any one or more of the provisions contained
herein, or the application thereof in any circumstance, is held invalid, illegal
or unenforceable, the validity, legality and enforceability of any such
provision in every other respect and of the remaining provisions contained
herein shall not be affected or impaired. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>9. ENTIRE
AGREEMENT. This Agreement is intended by the parties as a final expression of
their agreement, and is intended to be a complete and exclusive statement of the
agreement and understanding of the parties hereto, in respect of the subject
matter contained herein. This Agreement supersedes all prior agreements and
understandings between the parties with respect to such subject matter.
</FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>10.
ARBITRATION OF DISPUTE. In the event there is a dispute arising out of this
Agreement, it shall be settled by final and binding arbitration which shall be
conducted in accordance with the rules of the American Arbitration Association
by an arbitrator appointed in accordance with those rules and shall be conducted
in or near </FONT></P>
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<P align=justify><FONT face=serif size=2>Los Angeles, California. The decision
or award entered may be entered in a court of competent jurisdiction and shall
be binding upon the parties. The Company shall pay all of the Participant&#146;s
reasonable fees and expenses incurred in the arbitration unless the arbitration
award or any judgment by a court finds that (i) the Company did not breach any
provision of this Participation Agreement in connection with the claim, dispute
or other matter in question that was the subject of the arbitration, and (ii)
the Participant acted in bad faith in bringing the arbitration, or, if the
arbitration was brought by the Company, the Participant acted in bad faith in
breaching the Participation Agreement. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>11.
NON-DISCLOSURE. The Participant agrees that he or she will not disclose the
contents of this Agreement with any other person, including, without limitation,
any other employee of the Company, without the prior written consent of the
Company. Notwithstanding the foregoing, the Participant shall be permitted to
disclose the contents of this Participation Agreement to the Participant&#146;s
financial and legal consultants and immediate family. </FONT></P>
<P align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>12. TERM
OF AGREEMENT. This Agreement applies only to performance for the performance
cycle specified in Attachment 1. </FONT></P>
<P align=justify><FONT face=serif size=2>IN WITNESS WHEREOF, the parties have
executed this Agreement on &nbsp;&nbsp;.</FONT></P>
<DIV align=right>
<TABLE cellSpacing=0 cellPadding=0 width="50%" border=0>

  <TR vAlign=bottom>
    <TD align=left width="100%" colSpan=2><FONT face=serif size=2>AMERON INTERNATIONAL CORPORATION</FONT>&nbsp; </TD></TR>
  <TR>
    <TD width="100%"  colSpan=2>&nbsp; </TD></TR>
  <TR>
    <TD width="100%" colSpan=2>&nbsp;&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD align=left width="1%"><FONT face=serif size=2>By: </FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" align=left width="99%" >&nbsp;&nbsp;&nbsp;&nbsp;
  </TD></TR>
  <TR>
    <TD align=left width="1%" ></TD>
    <TD align=center width="99%" ><FONT size=2>COMMITTEE CHAIRMAN</FONT></TD></TR>
  <TR>
    <TD align=left width="1%" ></TD>
    <TD align=center width="99%" ><FONT size=2>COMPENSATION COMMITTEE OF</FONT></TD></TR>
  <TR>
    <TD align=left width="1%" ></TD>
    <TD align=center width="99%" ><FONT size=2>THE BOARD OF DIRECTORS</FONT></TD></TR>
  <TR>
    <TD width="100%"  colSpan=2>&nbsp;</TD></TR>
  <TR>
    <TD width="100%" colSpan=2>&nbsp; </TD></TR>
  <TR vAlign=bottom>
    <TD align=left width="100%" colSpan=2><FONT face=serif size=2>PARTICIPANT</FONT>&nbsp; </TD></TR>
  <TR>
    <TD width="100%" colSpan=2>&nbsp;&nbsp; </TD></TR>
  <TR>
    <TD align=left width="100%"  colSpan=2>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left width="1%"><FONT face=serif size=2>By:</FONT></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" align=left width="99%" >&nbsp;&nbsp;
</TD></TR></TABLE></DIV><BR>
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<PAGE>

<P align=center><B><FONT face=serif size=2>SAMPLE</FONT></B></P>
<P align=center><B><FONT face=serif size=2>ATTACHMENT 1</FONT></B></P>
<P align=center><B><FONT face=serif size=2>TO PARTICIPATION
AGREEMENT</FONT></B></P>
<P align=center><B><FONT face=serif size=2>PERFORMANCE MEASURES AND PERFORMANCE
OBJECTIVES <BR>FOR FY ___ TO FY ___ PERFORMANCE CYCLE </FONT></B></P>
<DIV align=center>
<TABLE cellSpacing=0 cellPadding=0 width="80%" border=0>

  <TR vAlign=bottom>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="5%"><B><FONT face=serif size=2>PERFORMANCE
      MEASURES</FONT></B>&nbsp; </TD>
    <TD align=left width="45%" >&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=left width="5%"><B><FONT face=serif size=2>PERFORMANCE
      OBJECTIVES</FONT></B>&nbsp; </TD>
    <TD align=left width="44%" >&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left width="50%" colSpan=2><FONT face=serif size=2>Three-year Cumulative
      Earnings Per Share</FONT>&nbsp; </TD>
    <TD align=left width="49%" colSpan=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif size=2>$</FONT>&nbsp;
  </TD></TR></TABLE></DIV><BR>
<P align=center><B><FONT face=serif size=2>SAMPLE</FONT></B></P>
<P align=center><B><FONT face=serif size=2>ATTACHMENT 2</FONT></B></P>
<P align=center><B><FONT face=serif size=2>TO PARTICIPATION
AGREEMENT</FONT></B></P>
<P align=center><B><FONT face=serif size=2>LEVERAGE TABLE</FONT></B></P>
<P align=center><B><FONT face=serif size=2>FY ___ TO FY ___ PERFORMANCE
CYCLE</FONT></B></P>
<DIV align=center>
<TABLE cellSpacing=0 cellPadding=0 width="50%" border=0>

  <TR vAlign=bottom>
    <TD align=center width="33%" colSpan=3><B><FONT face=serif size=2>ACTUAL
      THREE-YEAR</FONT></B> </TD>
    <TD align=center width="33%" ></TD>
    <TD align=center width="34%" colSpan=3><B><FONT face=serif size=2>AWARD
      AS</FONT></B> </TD></TR>
  <TR vAlign=bottom>
    <TD align=center width="33%" colSpan=3><B><FONT face=serif size=2>CUMULATIVE
      EPS *</FONT></B> </TD>
    <TD align=center width="33%" ></TD>
    <TD align=center width="34%" colSpan=3><B><FONT face=serif size=2>A % OF
      TARGET</FONT></B> </TD></TR>
  <TR vAlign=bottom>
    <TD align=center width="15%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="4%" ><FONT size=2><FONT size=3>&nbsp;</FONT><STRONG>(FY&nbsp;&nbsp;&nbsp;
      &nbsp;-&nbsp;&nbsp;&nbsp;&nbsp; )</STRONG></FONT>&nbsp;</TD>
    <TD align=center width="14%" >&nbsp;</TD>
    <TD align=center width="33%" ></TD>
    <TD align=center width="15%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" noWrap align=center width="4%" ><FONT size=2><FONT size=3>&nbsp;</FONT><STRONG>AWARD **</STRONG></FONT>&nbsp;</TD>
    <TD align=center width="15%" >&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=center width="33%" bgColor=#c0c0c0 colSpan=3><FONT face=serif size=2>120% and above</FONT> </TD>
    <TD align=center width="33%"  bgColor=#c0c0c0></TD>
    <TD align=center width="34%" bgColor=#c0c0c0 colSpan=3><FONT face=serif size=2>200%</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD align=center width="33%" colSpan=3><FONT face=serif size=2>110%</FONT> </TD>
    <TD align=center width="33%" ></TD>
    <TD align=center width="34%" colSpan=3><FONT face=serif size=2>150%</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD align=center width="33%" bgColor=#c0c0c0 colSpan=3><FONT face=serif size=2>100%</FONT> </TD>
    <TD align=center width="33%"  bgColor=#c0c0c0></TD>
    <TD align=center width="34%" bgColor=#c0c0c0 colSpan=3><FONT face=serif size=2>100</FONT><FONT size=2>%</FONT><FONT size=3>
</FONT></TD></TR>
  <TR vAlign=bottom>
    <TD align=center width="33%" colSpan=3><FONT face=serif size=2>90%</FONT> </TD>
    <TD align=center width="33%" ></TD>
    <TD align=center width="34%" colSpan=3><FONT face=serif size=2>75%</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD align=center width="33%" bgColor=#c0c0c0 colSpan=3><FONT face=serif size=2>80%</FONT> </TD>
    <TD align=center width="33%"  bgColor=#c0c0c0></TD>
    <TD align=center width="34%" bgColor=#c0c0c0 colSpan=3><FONT face=serif size=2>50%</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD align=center width="33%" colSpan=3><FONT face=serif size=2>75%</FONT> </TD>
    <TD align=center width="33%" ></TD>
    <TD align=center width="34%" colSpan=3><FONT face=serif size=2>25%</FONT> </TD></TR>
  <TR vAlign=bottom>
    <TD align=center width="33%" bgColor=#c0c0c0 colSpan=3><FONT face=serif size=2>Below 75%</FONT> </TD>
    <TD align=center width="33%"  bgColor=#c0c0c0></TD>
    <TD align=center width="34%" bgColor=#c0c0c0 colSpan=3><FONT face=serif size=2>0%</FONT> </TD></TR></TABLE></DIV>
<P>&nbsp;</P>
<P>____________________<BR><BR><FONT face=serif size=2>Note: Interpolate for
performance between discrete points </FONT></P>
<P align=justify><FONT face=serif size=2>* As a percent of Performance Objective
of $ Cumulative Earnings Per Share for the Three-Year Performance
Cycle.</FONT></P>
<P align=justify><FONT face=serif size=2>** Target Award shall be &nbsp;&nbsp;% of
Participant&#146;s Salary, however no Award shall be deemed earned by, or payable to,
Participant unless the Average After Tax Return on Equity is equal to or greater
than &nbsp;&nbsp;% during the Performance Cycle. No award shall exceed $1
million.</FONT></P>
<HR align=center width="100%" noShade SIZE=2>
<PAGE>
<BR>
<DIV style="PADDING-LEFT: 20pt; FLOAT: left; WIDTH: 45%; POSITION: relative"><BR>&nbsp;<BR><IMG src="ameron_logo.jpg" border=0><BR><FONT size=2><B><I>AMERON INTERNATIONAL
CORPORATION<BR>245 SOUTH LOS ROBLES AVENUE<BR>PASADENA, CA
91101</I></B></FONT></DIV>
<DIV style="PADDING-RIGHT: 30pt; FLOAT: right; WIDTH: 45%; POSITION: relative"><BR>
<P align=justify><FONT face=serif size=1><B>VOTE BY INTERNET -
<U>www.proxyvote.com</U><BR></B>Use the Internet to transmit your voting
instructions and for electronic delivery of information up until 11:59 P.M.
Eastern Time the day before the cut-off date or meeting date. Have your proxy
card in hand when you access the web site and follow the instructions to obtain
your records and to create an electronic voting instruction
form.<BR><B>&nbsp;<BR>ELECTRONIC DELIVERY OF FUTURE
STOCKHOLDER<BR>COMMUNICATIONS<BR></B>If you would like to reduce the costs
incurred by Ameron International Corporation in mailing proxy materials, you can
consent to receiving all future proxy statements, proxy cards and annual reports
electronically via e-mail or the Internet. To sign up for electronic delivery,
please follow the instructions above to vote using the Internet and, when
prompted, indicate that you agree to receive or access stockholder
communications electronically in future years.<BR><B>&nbsp;<BR>VOTE BY PHONE -
1-800-690-6903</B><BR>Use any touch-tone telephone to transmit your voting
instructions up until 11:59 P.M. Eastern Time the day before the cut-off date or
meeting date. Have your proxy card in hand when you call and then follow the
instructions.<BR>&nbsp;&nbsp;<BR><B>VOTE BY MAIL</B><BR>Mark, sign and date your
proxy card and return it in the postage-paid envelope we have provided or return
it to Ameron International Corporation, c/o Broadridge, 51 Mercedes Way,
Edgewood, NY 11717.<BR></FONT></P></DIV>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<TABLE style="FONT-SIZE: 8pt; FONT-FAMILY: Serif" cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR>
    <TD align=justify width="57%"></TD>
    <TD align=justify width="5%">&nbsp;</TD>
    <TD align=justify width="37%">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=justify width="57%">TO VOTE, MARK BLOCKS BELOW IN BLUE OR BLACK
      INK AS FOLLOWS:</TD>
    <TD align=right width="5%">AMERO1</TD>
    <TD align=right width="37%">KEEP THIS PORTION FOR YOUR RECORDS</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-BOTTOM: black 1px dashed" align=justify width="99%" colSpan=3>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=justify width="57%">
      <DIV style="MARGIN-LEFT: 10px; TEXT-INDENT: -10px">&nbsp;</DIV></TD>
    <TD align=justify width="5%">&nbsp;</TD>
    <TD align=right width="37%">DETACH AND RETURN THIS PORTION ONLY</TD></TR>
  <TR vAlign=bottom>
    <TD align=center width="99%" colSpan=3>
      <DIV style="MARGIN-LEFT: 10px; TEXT-INDENT: -10px"><B>THIS PROXY CARD IS
      VALID ONLY WHEN SIGNED AND DATED.</B></DIV></TD></TR></TABLE>
<DIV style="BORDER-RIGHT: black 2px solid; PADDING-RIGHT: 5px; BORDER-TOP: black 2px solid; PADDING-LEFT: 5px; PADDING-BOTTOM: 5px; BORDER-LEFT: black 2px solid; WIDTH: 100%; PADDING-TOP: 5px; BORDER-BOTTOM: black 2px solid">
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR>
    <TD align=left width="45%" colSpan=7><B><FONT face=serif size=1>AMERON
      INTERNATIONAL CORPORATION</FONT></B></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="5%"></TD>
    <TD align=center width="5%"></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="22%" colSpan=4></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="3%" colSpan=2></TD></TR>
  <TR>
    <TD align=left width="2%"><FONT face=serif size=1>&nbsp;</FONT></TD>
    <TD vAlign=top align=left width="43%" colSpan=6>
      <P align=justify><FONT face=serif size=1><B></B></FONT>&nbsp;</P></TD>
    <TD align=left width="5%"><FONT face=serif size=1>&nbsp;</FONT></TD>
    <TD align=left width="5%"><FONT face=serif size=1>&nbsp;</FONT></TD>
    <TD align=center width="5%"><FONT face=serif size=1>&nbsp;</FONT></TD>
    <TD align=left width="5%"><FONT face=serif size=1>&nbsp;</FONT></TD>
    <TD align=left width="5%"><FONT face=serif size=1>&nbsp;</FONT></TD>
    <TD align=left width="22%" colSpan=4><FONT face=serif size=1>&nbsp;</FONT></TD>
    <TD style="BORDER-RIGHT: #000000 2pt solid; BORDER-TOP: #000000 2pt solid" align=left width="5%"><FONT face=serif size=1>&nbsp;</FONT></TD>
    <TD align=left width="3%" colSpan=2><FONT face=serif size=1>&nbsp;</FONT></TD></TR>
  <TR>
    <TD align=left width="2%"></TD>
    <TD vAlign=top align=left width="43%" colSpan=6>
      <P align=justify><FONT face=serif size=1><B>The Board of Directors
      recommends a vote FOR Proposals 1, 2, 3 and 4.<BR>Vote On
      Directors&nbsp;</B></FONT></P></TD>
    <TD align=left width="5%"></TD>
    <TD vAlign=bottom noWrap align=center width="5%"><B><FONT face=serif size=1></FONT></B></TD>
    <TD vAlign=bottom noWrap align=center width="5%"><B><FONT face=serif size=1></FONT></B></TD>
    <TD vAlign=bottom noWrap align=center width="5%"><B><FONT face=serif size=1></FONT></B></TD>
    <TD align=left width="5%"></TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" vAlign=top align=left width="22%" colSpan=4 rowSpan=2>
      <P align=justify><FONT face=serif size=1><BR>&nbsp;<BR>To withhold
      authority to vote for any individual nominee(s), mark &#147;For All Except&#148; and
      write the number(s) of the nominee(s) on the line below.</FONT></P></TD>
    <TD style="BORDER-RIGHT: #000000 2pt solid" align=left width="5%">&nbsp;</TD>
    <TD align=left width="3%" colSpan=2></TD></TR>
  <TR vAlign=bottom>
    <TD align=left width="2%"></TD>
    <TD vAlign=top align=left width="2%">
      <P align=justify><FONT face=serif size=1>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
      </FONT></P></TD>
    <TD vAlign=top noWrap align=left width="19%">
      <P align=justify><FONT face=serif size=1>ELECTION OF
      DIRECTORS<BR><B>Nominees:</B><BR>01)&nbsp;&nbsp; James S.
      Marlen<BR>02)&nbsp;&nbsp; David Davenport</FONT></P></TD>
    <TD vAlign=top align=left width="17%" colSpan=3><FONT face=serif size=1></FONT></TD>
    <TD vAlign=top align=left width="5%">&nbsp;</TD>
    <TD align=left width="5%">&nbsp;</TD>
    <TD vAlign=top align=center width="5%"><FONT face=Wingdings><STRONG><FONT face="Times New Roman" size=1>For<BR>All<BR></FONT></STRONG><BR>o</FONT></TD>
    <TD vAlign=top align=center width="5%"><FONT face=Wingdings><STRONG><FONT face="Times New Roman" size=1>Withhold<BR>All<BR></FONT></STRONG><BR>o</FONT></TD>
    <TD vAlign=top noWrap align=center width="5%"><FONT face=Wingdings><STRONG><FONT face="Times New Roman" size=1>&nbsp;&nbsp;&nbsp; For All<BR>&nbsp;&nbsp;&nbsp;
      Except<BR></FONT></STRONG><BR><STRONG><FONT face="Times New Roman" size=1>&nbsp;&nbsp;&nbsp; </FONT></STRONG>o</FONT></TD>
    <TD align=left width="5%">&nbsp;</TD>
    <TD style="BORDER-BOTTOM: #000000 1pt solid" align=left width="5%">&nbsp;</TD>
    <TD align=left width="3%" colSpan=2>&nbsp;</TD></TR>
  <TR>
    <TD vAlign=middle align=left width="2%">&nbsp;</TD>
    <TD vAlign=middle align=left width="2%"></TD>
    <TD vAlign=middle align=left width="19%"></TD>
    <TD vAlign=middle align=left width="7%"></TD>
    <TD vAlign=middle align=left width="5%"></TD>
    <TD vAlign=middle align=left width="5%"></TD>
    <TD vAlign=middle align=left width="5%"></TD>
    <TD vAlign=middle align=left width="5%"></TD>
    <TD vAlign=middle align=left width="5%"></TD>
    <TD vAlign=middle align=left width="5%"></TD>
    <TD vAlign=middle align=left width="5%"></TD>
    <TD vAlign=middle align=left width="5%"></TD>
    <TD vAlign=middle align=left width="30%" colSpan=7></TD></TR>
  <TR vAlign=bottom>
    <TD align=left width="2%">&nbsp;</TD>
    <TD vAlign=bottom align=left width="28%" colSpan=3><B><FONT face=serif size=1>Vote On Proposals</FONT></B></TD>
    <TD align=left width="5%">&nbsp;</TD>
    <TD align=left width="10%" colSpan=2>&nbsp;</TD>
    <TD align=left width="5%">&nbsp;</TD>
    <TD align=left width="5%">&nbsp;</TD>
    <TD align=left width="5%">&nbsp;</TD>
    <TD align=left width="5%">&nbsp;</TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="13%" colSpan=2>&nbsp;</TD>
    <TD vAlign=bottom align=left width="5%"><B><FONT face=serif size=1>For</FONT></B></TD>
    <TD vAlign=bottom align=right width="4%"><B><FONT face=serif size=1>&nbsp;&nbsp;&nbsp;Against</FONT></B></TD>
    <TD vAlign=bottom align=right width="7%" colSpan=2><B><FONT face=serif size=1>Abstain</FONT></B></TD>
    <TD align=left width="1%">&nbsp;</TD></TR>
  <TR>
    <TD align=left width="2%">&nbsp;</TD>
    <TD align=left width="2%"></TD>
    <TD align=left width="26%" colSpan=2></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="10%" colSpan=2></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="13%" colSpan=2></TD>
    <TD vAlign=top align=left width="5%"></TD>
    <TD vAlign=top align=right width="4%"></TD>
    <TD vAlign=top align=right width="7%" colSpan=2></TD>
    <TD align=left width="1%"></TD></TR>
  <TR>
    <TD align=left width="2%"></TD>
    <TD vAlign=top align=left width="2%"><FONT face=serif size=1>2.</FONT></TD>
    <TD vAlign=top align=left width="79%" colSpan=12>
      <P style="PADDING-RIGHT: 15pt" align=justify><FONT face=serif size=1>Ratify the appointment of PricewaterhouseCoopers LLP, as
      independent public accountants.</FONT></P></TD>
    <TD vAlign=middle align=left width="5%"><FONT face=Wingdings>o</FONT></TD>
    <TD vAlign=middle align=right width="4%"><FONT face=Wingdings><STRONG><FONT face="Times New Roman" size=1>&nbsp;&nbsp;&nbsp;</FONT></STRONG>o</FONT><B><FONT face="Times New Roman" size=1>&nbsp;&nbsp;&nbsp;</FONT></B></TD>
    <TD vAlign=middle align=right width="5%"><B><FONT face="Times New Roman" size=1></FONT></B></TD>
    <TD vAlign=middle align=right width="2%"><FONT face=Wingdings>o</FONT><B><FONT face="Times New Roman" size=1>&nbsp;&nbsp;&nbsp;</FONT></B>&nbsp;</TD>
    <TD align=left width="1%">&nbsp;</TD></TR>
  <TR>
    <TD align=left width="2%"></TD>
    <TD vAlign=top align=left width="2%"></TD>
    <TD vAlign=top align=left width="79%" colSpan=12>&nbsp;</TD>
    <TD align=left width="9%" colSpan=2></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="3%" colSpan=2></TD></TR>
  <TR>
    <TD align=left width="2%"></TD>
    <TD vAlign=top align=left width="2%"><FONT face=serif size=1>3.</FONT></TD>
    <TD vAlign=top align=left width="79%" colSpan=12><FONT face=serif size=1>Approve the Amended and Restated Key Executive Long-Term Cash
      Incentive Plan.</FONT></TD>
    <TD align=left width="5%"><FONT face=Wingdings>o</FONT></TD>
    <TD align=right width="4%"><STRONG><FONT size=1>&nbsp;&nbsp;&nbsp;</FONT></STRONG><FONT face=Wingdings>o</FONT><B><FONT face="Times New Roman" size=1>&nbsp;&nbsp;&nbsp;</FONT></B></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="2%"><FONT face=Wingdings>o</FONT><B><FONT face="Times New Roman" size=1>&nbsp;&nbsp;&nbsp;</FONT></B></TD>
    <TD align=left width="1%">&nbsp;</TD></TR>
  <TR>
    <TD align=left width="2%"></TD>
    <TD vAlign=top align=left width="2%"></TD>
    <TD vAlign=top align=left width="79%" colSpan=12>&nbsp;</TD>
    <TD align=left width="5%"></TD>
    <TD align=right width="4%"></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="2%"></TD>
    <TD align=left width="1%"></TD></TR>
  <TR>
    <TD align=left width="2%"></TD>
    <TD vAlign=top align=left width="2%"><FONT face=serif size=1>4.</FONT></TD>
    <TD vAlign=top align=left width="79%" colSpan=12>
      <P style="PADDING-RIGHT: 15pt" align=justify><FONT face=serif size=1><FONT face=serif size=1>Ratify the Rights Agreement.</FONT></FONT></P></TD>
    <TD align=left width="5%"><FONT face=Wingdings>o</FONT></TD>
    <TD align=right width="4%"><STRONG><FONT size=1>&nbsp;&nbsp;&nbsp;</FONT></STRONG><FONT face=Wingdings>o</FONT><B><FONT face="Times New Roman" size=1>&nbsp;&nbsp;&nbsp;</FONT></B></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="2%"><FONT face=Wingdings>o</FONT><B><FONT face="Times New Roman" size=1>&nbsp;&nbsp;&nbsp;</FONT></B></TD>
    <TD align=left width="1%"></TD></TR>
  <TR>
    <TD align=left width="2%"></TD>
    <TD vAlign=top align=left width="2%"></TD>
    <TD vAlign=top align=left width="79%" colSpan=12>&nbsp;</TD>
    <TD align=left width="5%"></TD>
    <TD align=right width="4%"></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="2%"></TD>
    <TD align=left width="1%"></TD></TR>
  <TR>
    <TD align=left width="2%"></TD>
    <TD vAlign=top align=left width="2%"></TD>
    <TD vAlign=top align=left width="79%" colSpan=12>&nbsp;</TD>
    <TD align=left width="5%"></TD>
    <TD align=right width="4%"></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="3%" colSpan=2></TD></TR>
  <TR>
    <TD align=left width="2%"></TD>
    <TD vAlign=top align=left width="95%" colSpan=16>
      <P align=justify><FONT face=serif size=1><STRONG>NOTE: </STRONG>Please
      sign exactly as name appears hereon. Joint owners should each sign. When
      signing as attorney, executor, administrator, trustee or guardian, please
      give full title as such. If signer is a corporation, please sign full
      corporate name by duly authorized officer.</FONT></P></TD>
    <TD vAlign=top align=left width="2%">&nbsp;</TD>
    <TD align=left width="1%">&nbsp;</TD></TR>
  <TR>
    <TD align=left width="2%"></TD>
    <TD align=left width="2%"></TD>
    <TD align=left width="26%" colSpan=2>&nbsp;</TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="22%" colSpan=4></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="3%" colSpan=2></TD></TR>
  <TR>
    <TD align=left width="2%"></TD>
    <TD align=left width="2%"></TD>
    <TD align=left width="26%" colSpan=2>&nbsp;</TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="22%" colSpan=4></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="3%" colSpan=2></TD></TR>
  <TR>
    <TD align=left width="2%"></TD>
    <TD align=left width="2%"></TD>
    <TD align=left width="26%" colSpan=2></TD>
    <TD align=left width="5%"></TD>
    <TD align=center width="5%"><STRONG><FONT face=serif size=1>Yes</FONT></STRONG></TD>
    <TD align=center width="5%"><STRONG><FONT face=serif size=1>No</FONT></STRONG></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="22%" colSpan=4></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="3%" colSpan=2></TD></TR>
  <TR>
    <TD align=left width="2%"></TD>
    <TD align=left width="2%"></TD>
    <TD align=left width="26%" colSpan=2></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="5%">&nbsp;</TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="22%" colSpan=4></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="3%" colSpan=2></TD></TR>
  <TR>
    <TD align=left width="2%"></TD>
    <TD align=left width="33%" colSpan=4><FONT face=serif size=1>Please
      indicate if you plan to attend this meeting.</FONT></TD>
    <TD align=center width="5%"><FONT face=Wingdings>o</FONT></TD>
    <TD align=center width="5%"><FONT face=Wingdings>o</FONT></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="22%" colSpan=4></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="3%" colSpan=2></TD></TR>
  <TR>
    <TD align=left width="2%"></TD>
    <TD align=left width="2%"></TD>
    <TD align=left width="26%" colSpan=2></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="5%">&nbsp;</TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="22%" colSpan=4></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="3%" colSpan=2></TD></TR>
  <TR>
    <TD align=left width="2%"></TD>
    <TD align=left width="2%"></TD>
    <TD align=left width="26%" colSpan=2><FONT face=serif size=1></FONT></TD>
    <TD align=left width="5%">&nbsp;</TD>
    <TD align=left width="5%">&nbsp;</TD>
    <TD align=left width="5%"><FONT face=Wingdings>&nbsp;</FONT></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="22%" colSpan=4></TD>
    <TD align=left width="5%">&nbsp;</TD>
    <TD align=left width="3%" colSpan=2>&nbsp;</TD></TR>
  <TR>
    <TD align=left width="2%"></TD>
    <TD style="BORDER-TOP: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1.5pt solid" align=left width="28%" colSpan=3 rowSpan=2>&nbsp;</TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-TOP: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1.5pt solid" align=left width="5%" rowSpan=2>&nbsp;</TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="5%"></TD>
    <TD style="BORDER-TOP: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1.5pt solid" align=left width="28%" colSpan=5 rowSpan=2>&nbsp;</TD>
    <TD style="BORDER-RIGHT: #000000 1pt solid; BORDER-TOP: #000000 1pt solid; BORDER-LEFT: #000000 1pt solid; BORDER-BOTTOM: #000000 1.5pt solid" align=left width="5%" rowSpan=2>&nbsp;</TD>
    <TD align=left width="9%" colSpan=2>&nbsp;</TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="3%" colSpan=2></TD></TR>
  <TR>
    <TD align=left width="2%"></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="9%" colSpan=2>&nbsp;</TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="3%" colSpan=2></TD></TR>
  <TR>
    <TD align=left width="2%"></TD>
    <TD align=left width="28%" colSpan=3><FONT face=serif size=1>Signature
      [PLEASE SIGN WITHIN BOX]</FONT></TD>
    <TD align=left width="5%"><FONT face=serif size=1>Date</FONT></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="28%" colSpan=5><FONT face=serif size=1>Signature
      (Joint Owners)</FONT></TD>
    <TD align=left width="5%"><FONT face=serif size=1>Date</FONT></TD>
    <TD align=left width="9%" colSpan=2>&nbsp;</TD>
    <TD align=left width="5%"></TD>
    <TD align=left width="3%" colSpan=2></TD></TR></TABLE></DIV><BR>
<HR align=center width="100%" noShade SIZE=2>
<PAGE><BR><BR>
<P align=center><B><FONT face=serif size=4>ANNUAL
MEETING<BR>OF<BR></FONT></B><B><FONT face=serif size=4>AMERON INTERNATIONAL
CORPORATION</FONT></B></P>
<P align=center><B><FONT face=serif size=4><BR>&nbsp;<BR>Wednesday, March 26,
2008<BR>The Pasadena Hilton Hotel<BR>10:00 a.m.<BR></FONT></B><B><FONT face=serif size=4>The California Ballroom<BR>168 South Los Robles
Avenue<BR>Pasadena, CA 91101<BR>&nbsp;<BR>&nbsp;</FONT></B><BR><BR></P>
<P style="PADDING-RIGHT: 60px; PADDING-LEFT: 60px" align=justify><B><FONT face=serif size=2><FONT face=serif size=2>Your vote is important to us. Please
detach the proxy card below, and sign, date and mail it using the enclosed reply
envelope, at your earliest convenience, even if you plan to attend the meeting.
Your vote is held in confidence by our outside tabulator,
Broadridge.</FONT></FONT></B></P><BR><BR><BR>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR>
    <TD style="BORDER-BOTTOM: #000000 1pt dashed" width="100%">&nbsp;</TD></TR></TABLE><BR>
<P></P>
<DIV style="BORDER-RIGHT: black 3px solid; PADDING-RIGHT: 25px; BORDER-TOP: black 3px solid; PADDING-LEFT: 25px; PADDING-BOTTOM: 5px; BORDER-LEFT: black 3px solid; WIDTH: 100%; PADDING-TOP: 5px; BORDER-BOTTOM: black 3px solid" align=left><BR>
<P align=center>
<TABLE style="TEXT-ALIGN: justify" cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR>
    <TD vAlign=top width="5%">&nbsp;</TD>
    <TD vAlign=top align=center width="90%">
      <P align=center><FONT face=serif><BR><BR><FONT face=serif size=4><B>Ameron
      International Corporation</B></FONT><BR></FONT><FONT face=serif><FONT face=serif><FONT face=serif><FONT face=serif><B>245 South Los Robles
      Avenue, Pasadena, California 91101</B></FONT></FONT></FONT></FONT></P></TD>
    <TD vAlign=top align=center width="5%">&nbsp;</TD></TR>
  <TR>
    <TD vAlign=top width="5%"><BR><IMG src="proxy_cardx2x1.jpg" border=0></TD>
    <TD vAlign=top align=center width="90%">
      <P align=center><FONT face=serif><FONT face=serif><FONT face=serif><FONT face=serif size=3><B><BR><BR>THIS PROXY IS SOLICITED ON BEHALF OF THE
      BOARD OF THE DIRECTORS<BR>&nbsp;</B></FONT></FONT></FONT></FONT></P>
      <P align=justify><FONT face=serif size=2><FONT face=serif size=2>The
      undersigned hereby appoints James S. Marlen, Javier Solis and Gary Wagner,
      and each of them, with full power of substitution in each, proxies to vote
      all the shares of Ameron International Corporation ("Ameron") Common Stock
      which the undersigned may be entitled to vote at the Annual Meeting of
      Stockholders to be held March 26, 2008, and at any adjournments thereof,
      upon the matters stated on the reverse side, as specified and in their
      discretion upon such other business as may properly come before the
      meeting or any adjournment thereof.</FONT></FONT></P>
      <P align=justify><B><FONT size=2>This proxy, when properly executed, will
      be voted in the manner directed herein by the undersigned stockholder. If
      no direction is made, the proxy will be voted FOR Proposals 1, 2, 3 and
      4.<BR>&nbsp;<BR>&nbsp;<BR><BR><BR><BR></FONT></B></P></TD>
    <TD vAlign=top width="5%">&nbsp;</TD></TR></TABLE></DIV><BR>
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