Merrill Lynch, Pierce, Fenner & Smith, Inc.

On November 26, 2002, in connection with a multi-state action, Merrill Lynch, Pierce, Fenner & Smith, Inc. paid a fine to the State Of Texas in the amount of $3,473,787. Additionally, the firm has agreed to abide by a wide variety of rules regarding its research practices. The Order in the matter may be reviewed by clicking on this link--- Order No. FIN-1486