-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, N4/qHJDNnlGVeNowpLyQSIh6XePXHJpep0NcnxAEm232N9VCHyNQMFfHrnZJhTkR Mqe/bybr2wa6D/cJbjaQHg== 0001144204-07-067885.txt : 20071217 0001144204-07-067885.hdr.sgml : 20071217 20071217163734 ACCESSION NUMBER: 0001144204-07-067885 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20071217 DATE AS OF CHANGE: 20071217 GROUP MEMBERS: CITADEL AC INVESTMENTS LTD. GROUP MEMBERS: CITADEL DERIVATIVES GROUP LLC GROUP MEMBERS: CITADEL DERIVATIVES TRADING LTD. GROUP MEMBERS: CITADEL EQUITY FUND LTD. GROUP MEMBERS: CITADEL INVESTMENT GROUP, L.L.C. GROUP MEMBERS: KENNETH GRIFFIN GROUP MEMBERS: WINGATE CAPITAL LTD. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: E TRADE FINANCIAL CORP CENTRAL INDEX KEY: 0001015780 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 942844166 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-50061 FILM NUMBER: 071310432 BUSINESS ADDRESS: STREET 1: 135 E. 57TH STREET CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 6503316000 MAIL ADDRESS: STREET 1: 135 E. 57TH STREET CITY: NEW YORK STATE: NY ZIP: 10022 FORMER COMPANY: FORMER CONFORMED NAME: E TRADE GROUP INC DATE OF NAME CHANGE: 19960531 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CITADEL L P CENTRAL INDEX KEY: 0001027745 IRS NUMBER: 364111741 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 131 S. DEARBORN STREET, 32ND FLOOR CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: 3123952100 MAIL ADDRESS: STREET 1: 131 S. DEARBORN STREET, 32ND FLOOR CITY: CHICAGO STATE: IL ZIP: 60603 SC 13D 1 v097404_sc13d.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

(Rule 13d-101)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO

RULE 13d-2(a)

Under the Securities Exchange Act of 1934

(Amendment No. __)*

E*TRADE Financial Corporation

(Name of Issuer)

Common Stock, $0.01 par value

(Title of Class of Securities)

269246104

(CUSIP Number)

John C. Nagel

Citadel Investment Group, L.L.C.

131 S. Dearborn Street, 32nd Floor

Chicago, Illinois 60603

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

December 7, 2007

(Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box. £

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

CUSIP No. 269246104

Page 2 of 18 Pages

1	NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) Citadel Limited Partnership
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)S (b)£
3	SEC USE ONLY
4	SOURCE OF FUNDS AF
5	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) £
6	CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7	SOLE VOTING POWER 0
		8	SHARED VOTING POWER 44,986,135 shares
		9	SOLE DISPOSITIVE POWER 0
		10	SHARED DISPOSITIVE POWER See Row 8 above.
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON £ See Row 8 above.
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES £
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.7 percent¹
14	TYPE OF REPORTING PERSON PN, HC

¹ See Item 3 and Item 5 below.

CUSIP No. 269246104

Page 3 of 18 Pages

1	NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) Citadel Investment Group, L.L.C.
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)S (b)£
3	SEC USE ONLY
4	SOURCE OF FUNDS AF
5	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) £
6	CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7	SOLE VOTING POWER 0
		8	SHARED VOTING POWER 44,986,135 shares
		9	SOLE DISPOSITIVE POWER 0
		10	SHARED DISPOSITIVE POWER See Row 8 above.
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON £ See Row 8 above.
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES £
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.7 percent²
14	TYPE OF REPORTING PERSON OO, HC

²See Item 3 and Item 5 below.

CUSIP No. 269246104

Page 4 of 18 Pages

1	NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) Kenneth Griffin
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)S (b)£
3	SEC USE ONLY
4	SOURCE OF FUNDS AF
5	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) £
6	CITIZENSHIP OR PLACE OF ORGANIZATION United States
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7	SOLE VOTING POWER 0
		8	SHARED VOTING POWER 44,986,135 shares
		9	SOLE DISPOSITIVE POWER 0
		10	SHARED DISPOSITIVE POWER See Row 8 above.
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON £ See Row 8 above.
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES £
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.7 percent³
14	TYPE OF REPORTING PERSON IN

³See Item 3 and Item 5 below.

CUSIP No. 269246104

Page 5 of 18 Pages

1	NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) Citadel Equity Fund Ltd.
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)S (b)£
3	SEC USE ONLY
4	SOURCE OF FUNDS WC
5	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) £
6	CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7	SOLE VOTING POWER 0
		8	SHARED VOTING POWER 44,986,135 shares
		9	SOLE DISPOSITIVE POWER 0
		10	SHARED DISPOSITIVE POWER See Row 8 above.
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON £ See Row 8 above.
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES £
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.7 percent⁴
14	TYPE OF REPORTING PERSON CO

⁴ See Item 3 and Item 5 below.

CUSIP No. 269246104

Page 6 of 18 Pages

1	NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) Citadel Derivatives Group LLC
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)S (b)£
3	SEC USE ONLY
4	SOURCE OF FUNDS WC
5	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) £
6	CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7	SOLE VOTING POWER 0
		8	SHARED VOTING POWER 44,986,135 shares
		9	SOLE DISPOSITIVE POWER 0
		10	SHARED DISPOSITIVE POWER See Row 8 above.
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON £ See Row 8 above.
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES £
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.7 percent⁵
14	TYPE OF REPORTING PERSON OO, BD

⁵ See Item 3 and Item 5 below.

CUSIP No. 269246104

Page 7 of 18 Pages

1	NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) Citadel Derivatives Trading Ltd.
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)S (b)£
3	SEC USE ONLY
4	SOURCE OF FUNDS WC
5	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) £
6	CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7	SOLE VOTING POWER 0
		8	SHARED VOTING POWER 44,986,135 shares
		9	SOLE DISPOSITIVE POWER 0
		10	SHARED DISPOSITIVE POWER See Row 8 above.
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON £ See Row 8 above.
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES £
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.7 percent⁶
14	TYPE OF REPORTING PERSON CO

⁶ See Item 3 and Item 5 below.

CUSIP No. 269246104

Page 8 of 18 Pages

1	NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) Wingate Capital Ltd.
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)S (b)£
3	SEC USE ONLY
4	SOURCE OF FUNDS AF
5	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) £
6	CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7	SOLE VOTING POWER 0
		8	SHARED VOTING POWER 44,986,135 shares
		9	SOLE DISPOSITIVE POWER 0
		10	SHARED DISPOSITIVE POWER See Row 8 above.
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON £ See Row 8 above.
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES £
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.7 percent⁷
14	TYPE OF REPORTING PERSON CO

⁷ See Item 3 and Item 5 below.

CUSIP No. 269246104

Page 9 of 18 Pages

1	NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) Citadel AC Investments Ltd.
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)S (b)£
3	SEC USE ONLY
4	SOURCE OF FUNDS AF
5	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) £
6	CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7	SOLE VOTING POWER 0
		8	SHARED VOTING POWER 44,986,135 shares
		9	SOLE DISPOSITIVE POWER 0
		10	SHARED DISPOSITIVE POWER See Row 8 above.
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON £ See Row 8 above.
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES £
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.7 percent⁸
14	TYPE OF REPORTING PERSON CO

⁸ See Item 3 and Item 5 below.

CUSIP No. 269246104

Page 10 of 18 Pages

ITEM 1. SECURITY AND ISSUER

This Schedule 13D relates to the Common Stock, $0.01 par value (the "Common Stock"), of E*TRADE Financial Corporation, a Delaware corporation (the "Issuer"). The principal executive offices of the Issuer are located at 135 East 57^th Street, New York, New York 10022.

ITEM 2. IDENTITY AND BACKGROUND

The persons filing this Schedule 13D are Citadel Limited Partnership, a Delaware limited partnership ("CLP"), Citadel Investment Group, L.L.C., a Delaware limited liability company ("CIG"), Kenneth Griffin, a natural person ("Griffin"), Citadel Equity Fund Ltd., a Cayman Islands company ("CEF"), Citadel Derivatives Group LLC, a Delaware limited liability company ("CDG"), Citadel Derivatives Trading Ltd., a Cayman Islands company ("CDT"), Wingate Capital Ltd., a Cayman Islands company ("Wingate"), and Citadel AC Investments Ltd., a Cayman Islands company ("CAC" and, together with CLP, CIG, Griffin, CEF, CDG, CDT and Wingate, the "Reporting Persons").

CLP provides portfolio management services to investment funds. CLP is the managing member of CDG and Citadel Wellington LLC, a Delaware limited liability company ("CW"), and the portfolio manager for CEF, CDT, Wingate, CAC and Citadel Kensington Global Strategies Fund Ltd., a Bermuda company ("CKGSF") and, in such capacities, makes all of the investment decisions for such entities.

CIG provides general administrative and investment-related services to its affiliated entities. CIG is the general partner of CLP. The name, residence or business address, present principal occupation or employment and citizenship of each director and executive officer of CIG is set forth on Exhibit 99.2 attached hereto.

Griffin is the President and Chief Executive Officer of CIG and owns a controlling interest in CIG. Griffin is a United States citizen.

CEF is a private investment fund and a subsidiary of Citadel Holdings Ltd., a Cayman Islands company ("CH"). CH is a subsidiary of CW and CKGSF. CW and CKGSF are each private investment funds. The name, residence or business address, present principal occupation or employment and citizenship of each director and executive officer of CEF is set forth on Exhibit 99.2 attached hereto. None of CW, CKGSF or CH has any control over the voting or disposition of securities held by CEF.

CDG is a broker-dealer registered with the Securities and Exchange Commission. CDG's principal businesses are acting as a market maker in equity securities and listed options, providing trade execution services to clients and investing on a proprietary basis. CDG is a subsidiary of CW and CLP. The name, residence or business address, present principal occupation or employment and citizenship of each director and executive officer of CDG is set forth on Exhibit 99.2 attached hereto. CW does not have any control over the voting or disposition of securities held by CDG.

CDT is a private investment fund and a subsidiary of CEF. The name, residence or business address, present principal occupation or employment and citizenship of each director and executive officer of CDT is set forth on Exhibit 99.2 attached hereto. None of CW, CKGSF and CEF has any control over the voting and disposition of shares held by CDT.

Wingate is a private investment fund and a subsidiary of CW and CLP. The name, residence or business address, present principal occupation or employment and citizenship of each director and executive officer of Wingate is set forth on Exhibit 99.2 attached hereto. CW does not have any control over the voting or disposition of securities held by Wingate.

CUSIP No. 269246104

Page 11 of 18 Pages

CAC is a private investment fund and a subsidiary of CEF. The name, residence or business address, present principal occupation or employment and citizenship of each director and executive officer of Wingate is set forth on Exhibit 99.2 attached hereto. None of CW, CKGSF, CH or CEF has any control over the voting or disposition of securities by CAC.

For each of the Reporting Persons, the principal address is 131 S. Dearborn Street, 32nd Floor, Chicago, Illinois 60603.

During the last five years, none of the Reporting Persons, nor, to the best of each of the Reporting Persons' knowledge, any of the persons listed on Exhibit 99.2 attached hereto, has been convicted in any criminal proceedings. During the last five years, none of the Reporting Persons, nor, to the best of each of the Reporting Persons' knowledge, any of the persons listed on Exhibit 99.2 attached hereto, has been a party to a civil proceeding of any judicial or administrative body of competent jurisdiction as a result of which such person was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding of any violation with respect to such laws.

ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION

Pursuant to the Master Investment and Securities Purchase Agreement between the Issuer and Wingate, dated November 29, 2007 (the "Investment Agreement"), the Reporting Persons acquired on that date, inter alia, beneficial ownership of (i) 10,000,000 shares of Common Stock (the "Initial Common Stock"), and (ii) $1,686,000,000 aggregate principal amount of the Issuer's 12.5% Springing Lien Notes due 2017 (the "Initial Springing Lien Notes"). In exchange for such securities, the Reporting Persons delivered to the Issuer $1,500,152,000 in cash and $185,848,000 in aggregate principal amount of the Issuer's (A) 8% senior notes due 2011, (B) 7.875% senior notes due 2015, and/or (C) 7.375% senior notes due 2013.⁹

Pursuant to the Investment Agreement, the Issuer agreed that upon the termination or expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended ("HSR Act"), applicable to the issuance of additional Common Stock, it would issue to Wingate an additional 20,741,901 shares of Common Stock. The waiting period under the HSR Act was terminated on December 7, 2007. On December 12, 2007, the Issuer and Wingate executed an amendment to the Investment Agreement (the "First Amendment" and, together with the Investment Agreement, the "Amended Investment Agreement") that provided, among other things, that the amount of stock that would be issued to Wingate following the termination or expiration of the HSR Act waiting period would be increased to 23,182,197 shares, which will result in a corresponding decrease to the number of shares to be issued at the Final Closing (as defined in Item 6).

Not including the securities of the Issuer acquired pursuant to the Amended Investment Agreement, the Reporting Persons had beneficial ownership, as of December 17, 2007, of 11,803,938 shares of Common Stock. The Reporting Persons acquired beneficial ownership of these shares either as part of their investment activities or as part of making a market in the Issuer's Common Stock and listed options to purchase or sell such stock. CDG previously made a market in the Issuer's Common Stock and in listed options to purchase or sell such stock.

⁹ In addition, pursuant to a separate agreement, also dated November 29, 2007, E*TRADE Bank and E*TRADE Global Asset Management, Inc. sold their respective asset-backed securities portfolios to the Reporting Persons for $800 million, subject to certain adjustments, as set forth more fully in the Issuer's Form 8-K, filed with the Securities and Exchange Commission on December 4, 2007.

CUSIP No. 269246104

Page 12 of 18 Pages

Funds for the purchase of the securities of the Issuer described in this Item 3 were derived from general working capital of the Reporting Persons and their affiliates. For purposes of the Reporting Persons, "general working capital" includes cash on hand and margin account and other borrowings made in the ordinary course of business.

ITEM 4. PURPOSE OF TRANSACTION

The Reporting Persons purchased the Common Stock of the Issuer and the Springing Lien Notes for investment purposes or as part of their market making business. In addition, on November 29, 2007, in connection with entering into the Investment Agreement, the Issuer and American Stock Transfer & Trust Company, as rights agent (the "Rights Agent"), entered into the First Amendment to the Rights Agreement (the "Rights Agreement Amendment"). The Rights Agreement Amendment modifies the Issuer's Rights Agreement, dated as of July 9, 2001 (the "Rights Agreement"), to provide, among other things, that the issuance of rights under the Rights Agreement will not be triggered as a result of the transactions contemplated by the Investment Agreement, including the issuance of any shares of Common Stock to Wingate or its affiliates pursuant to the Investment Agreement.

The Reporting Persons will routinely monitor the Issuer with regard to a wide variety of factors that affect their investment considerations, including, without limitation, current and anticipated future trading prices for the Issuer's Common Stock and other securities, the Issuer's operations, assets, prospects, and business development, the Issuer's management, Issuer-related competitive and strategic matters, general economic, financial market and industry conditions, as well as other investment considerations. The Reporting Persons as shareholders of the Issuer intend to conform to the terms of a rebuttal of control agreement (described in Item 6) that it is anticipated CIG and certain affiliated entities will enter into with the Office of Thrift Supervision ("OTS") prior to the acquisition of the Final Common Stock (as defined in Item 6) by the Reporting Persons. Subject to the limitations provided for in the rebuttal agreement that is anticipated to be entered into with the OTS, the Reporting Persons may discuss their investment in the Issuer and the foregoing investment considerations with other shareholders, management, the Board of Directors, existing or potential strategic partners of or investors in the Issuer, industry analysts and others. These considerations, these discussions and other factors may result in the Reporting Persons' consideration of alternatives with respect to their investment in the Issuer. Based on their analysis of investment considerations, the Reporting Persons may (i) acquire additional Issuer securities, (ii) sell, trade or otherwise dispose of all or some holdings in the Issuer in the public markets, in privately negotiated transactions or otherwise, or (iii) take any other lawful action they deem to be in their best interests, subject - in each case - to the restrictions imposed by the Amended Investment Agreement and the rebuttal of control agreement anticipated to be entered into with OTS. There is no assurance that the Reporting Persons will develop any plans or proposals with respect to any of the alternatives mentioned above.

As noted in Item 6, the Reporting Persons will also become entitled to designate a director upon the issuance of the Final Common Stock under the Amended Investment Agreement.

The Reporting Persons may from time to time in the ordinary course of business pledge, lend, or transfer the securities of the Issuer to brokers, banks or other financial institutions ("Lenders") as collateral for loans or other obligations of the Reporting Persons pursuant to margin, prime brokerage, loan, or other financing arrangements. If the Reporting Persons enter such arrangements, the Lenders may acquire the right to vote and/or dispose of the securities of the Issuer held as collateral, subject to any transfer restrictions then applicable to the securities under the Amended Investment Agreement and applicable OTS regulations.

Except as set forth herein, the Reporting Persons have no present plans or proposals that would result in or relate to any of the transactions or changes listed in Items 4(a) through 4(j) of Schedule 13D.

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ITEM 5. INTEREST IN SECURITIES OF THE ISSUER

(a)	Number of shares: 44,986,135 shares (excluding Final Common Stock)

	Percentage of shares: 9.7% (excluding Final Common Stock)¹⁰

(b)	Sole power to vote or direct the vote: 0 shares (excluding Final Common Stock)

	Shared power to vote or direct the vote: 44,986,135 shares (excluding Final Common Stock)

	Sole power to dispose or to direct the disposition: 0 shares (excluding Final Common Stock)

	Shared power to dispose or direct the disposition: 44,986,135 shares (excluding Final Common Stock)

(c) The table attached hereto as Exhibit 99.3 sets forth a detailed summary of the transactions effected by the Reporting Persons in the shares of Common Stock of the Issuer during the last 60 days. Other than the acquisition of the Initial Common Stock and the Additional Common Stock, and other than the transactions contemplated by the agreements disclosed in Item 6 below, all such transactions were open market transactions (or, in the case of option exercises, the result of open market transactions) and some transactions were effected in the capacity as a market maker.

(d) Not applicable.

(e) Not applicable.

ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER

As noted above in Item 3, on November 29, 2007, the Issuer and Wingate entered into the Investment Agreement, which provided for Wingate's acquisition of the Initial Common Stock and Additional Common Stock.

In addition, pursuant to the Amended Investment Agreement, subject to receipt of an acceptance and approval by the OTS of a rebuttal of a change of control submission filed by CIG and certain affiliated entities, and the satisfaction of certain other customary closing conditions (the "Final Closing"), the Issuer will issue to Wingate (or its assignee) 46,684,890 shares Common Stock (the "Final Common Stock" and, together with the Initial Common Stock and the Additional Common Stock, the "Purchased Common Stock") and $150,000,000 in aggregate additional principal amount of the Issuer's 12.5% Springing Lien Notes due 2017 (the "Final Springing Lien Notes" and, together with the Initial Springing Lien Notes, the "Purchased Springing Lien Notes") and Wingate (or its assignee) will contribute to the Issuer cash in the aggregate amount of $150,000,000. Wingate has the right to assign all or a portion of the Springing Lien Notes and Common Stock issuable at the Final Closing upon the satisfaction of certain conditions. Effective as of the Final Closing or at such time as the OTS approval has been obtained, the Amended Investment Agreement provides the Issuer's Board of Directors will be expanded by one member and the Board of Directors will appoint a nominee of Wingate as a Class III member. This nominee must be reasonably acceptable to the nominating committee of the Board of Directors (which will not unreasonably withhold its consent). This right to nominate a director to the Board of Directors will terminate when Wingate and its affiliates no longer own shares of Common Stock representing at least 5% of the Common Stock then outstanding. The Amended Investment Agreement also contains representations, warranties, covenants and indemnities by the Issuer and Wingate and its affiliates customary for a transaction of this nature, as well as certain put and call rights relating to the Springing Lien Notes and certain post-closing covenants. The post-closing covenants include Wingate's agreement (on its and its affiliates' behalf) to refrain from (a) purchases of additional equity securities of the Issuer for a specified period, (b) sales of the shares of Purchased Common Stock to anyone other than a limited class of permitted transferees for six months following November 29, 2007 and (c) sales of more than a specified percentage of shares of Purchased Common Stock to an agreed list of competitors of the Issuer.

¹⁰The percentages reported in this Schedule 13D are based upon 461,772,089 shares of Common Stock outstanding as of December 17, 2007 (423,749,462 shares of Common Stock outstanding as of November 29, 2007 (as represented by the Issuer in the Investment Agreement), plus 10,000,000 shares of Common Stock acquired by the Reporting Persons on November 29, 2007, plus 4,840,430 shares of Common Stock acquired by certain affiliates of BlackRock, Inc. on November 29, 2007 (as reported in the Issuer's Form 8-K filed on December 4, 2007), plus 23,182,197 shares of Common Stock to which the Reporting Persons became entitled on December 12, 2007.

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Page 14 of 18 Pages

In connection with the issuance of the Springing Lien Notes, the Issuer and The Bank of New York, as trustee, entered into the Springing Lien Notes Indenture, dated November 29, 2007 (the "Indenture"). Under the Indenture, the Issuer may issue up to $1,936,000,000 (plus capitalized interest, if any) aggregate principal amount of Springing Lien Notes. The Springing Lien Notes bear interest at the rate of 12.5% per annum and will mature on November 30, 2017. Interest on the Springing Lien Notes is payable in cash on May 31 and November 30 of each year beginning on May 31, 2008, provided, however, that the Issuer may capitalize interest payable on interest payment dates occurring on or before May 31, 2010 under certain circumstances.

The Issuer may redeem the Springing Lien Notes beginning on November 30, 2012 for redemption prices set forth in the Indenture. In addition, prior to such date, the Issuer may redeem a portion of the outstanding principal amount of Springing Lien Notes using a portion of the net cash proceeds of certain equity offerings. Upon a change of control, as defined in the Indenture, the Issuer may be required to make an offer to purchase the Springing Lien Notes at a purchase price equal to 101% of the principal amount of the Springing Lien Notes on the date of purchase, plus accrued interest. Furthermore, prior to the eighteen-month anniversary of the Final Closing, the Issuer may redeem all (but not less than all) of the outstanding principal amount of Springing Lien Notes, at a premium set forth in the Indenture, in connection with the Issuer entering into a definitive agreement to consummate a change of control transaction.

The Springing Lien Notes are general senior obligations of the Issuer and are not guaranteed by the subsidiaries through which the Issuer currently conducts substantially all of its operations. The Springing Lien Notes rank equal in right of payment with all of the Issuer's existing and future unsubordinated indebtedness, and rank senior in right of payment to all of the Issuer's existing and future subordinated indebtedness. The Indenture will require the Issuer to secure the Springing Lien Notes in the future, up to the maximum amount of indebtedness as would not require any of the Issuer's existing senior notes due 2011, 2013 or 2015 becoming secured equally and ratably with the Springing Lien Notes, on the property and assets of the Issuer and certain of its subsidiaries as set forth in the Indenture. The Issuer will also be required to cause its restricted subsidiaries to guarantee the notes on the date on which the Issuer is first required to secure the Springing Lien Notes or on the date on which such restricted subsidiaries guarantee other indebtedness of the Issuer.

The Indenture contains several restrictive covenants that are substantially similar to those contained in the indentures governing the Issuer's existing senior notes due 2011, 2013 and 2015, including, but not limited to the following: (i) limitations on incurrence of additional indebtedness and issuances of preferred stock, (ii) limitations on restricted payments, (iii) limitations on distributions from regulated subsidiaries and restricted subsidiaries, (iv) limitations on the issuance or sale of capital stock of regulated subsidiaries and restricted subsidiaries, (v) limitations on transactions with affiliates, (vi) limitations on asset sales and sale-leaseback transactions, (vii) limitations on future subsidiary guarantees and (viii) limitations on liens, subject in each case to certain exceptions. The Indenture also contains a covenant requiring certain bank regulated subsidiaries to be "well capitalized" under applicable regulatory standards.

CUSIP No. 269246104

Page 15 of 18 Pages

The Indenture contains customary terms that upon certain events of default occurring and continuing, either the trustee or the holders of not less than 25% in aggregate principal amount of the Springing Lien Notes then outstanding may declare the principal of the Springing Lien Notes and any accrued and unpaid interest through the date of such declaration immediately due and payable. In the case of certain events of bankruptcy or insolvency relating to the Issuer or any of its significant subsidiaries, the principal amount of the Springing Lien Notes together with any accrued and unpaid interest through the occurrence of such event shall automatically become and be immediately due and payable.

The Issuer and Wingate are parties to a Registration Rights Agreement, dated November 29, 2007 (the "Registration Rights Agreement") containing customary terms and conditions for providing for the registration of the Springing Lien Notes and Purchased Common Stock issued to Wingate and its affiliates pursuant to the Amended Investment Agreement. In addition, as noted in Item 4, on November 29, 2007, in connection with entering into the Investment Agreement, the Issuer and the Rights Agent entered into the Rights Agreement Amendment.

In connection with the Investment Agreement, Wingate and certain of its affiliates entered into certain additional transactions. The completion of these transactions is subject to certain conditions being satisfied. First, Wingate (a 99%-owned subsidiary of CW) and CAC (an entity that is indirectly minority owned by CW and indirectly majority owned by CKGSF) entered into an Assignment Agreement, dated November 29, 2007 (the "Assignment Agreement"), pursuant to which Wingate (i) sold to CAC all of the Common Stock that Wingate was entitled to receive upon the Initial Closing and (ii) assigned to CAC all of its rights under the Amended Investment Agreement to obtain Common Stock of the Company after the Initial Closing. The purchase price was $4.50 per share of Common Stock and was agreed to before the Investment Agreement was publicly announced. The purchase price is subject to adjustment in accordance with a fairness opinion to be obtained by the parties. Second, Wingate purchased from Kensington Financial Investments Ltd. ("KFIL"), a subsidiary of CKGSF, six separate European style, cash settled OTC options, each of which entitles it to put $250 million in face amount of the Purchased Springing Lien Notes to KFIL at a strike price of $180 million (the "Puts"). Each Put is exercisable on a different date between six months and twenty-one months from November 29, 2007. The aggregate initial premium for the Puts was approximately $213,400,000 and is subject to adjustment based upon a fairness opinion to be obtained by the parties. The fairness opinions described in this paragraph have been obtained and resulted in no adjustment to the price of the Common Stock and resulted in a net increase of $84,000 in the aggregate initial premium for the Puts. Wingate's purpose for entering the transactions described in this paragraph was to reduce its economic risk. KFIL's purpose for entering into the Puts was to earn an attractive risk-adjusted rate of return at market prices.

In connection with its submission to the OTS to rebut the rebuttable determination of control with respect to the Reporting Persons' investment in the Issuer, CIG and certain affiliated entities have submitted for approval a proposed rebuttal agreement affirmatively disclaiming any intention to control the Issuer. Under the proposed rebuttal agreement, CIG and certain affiliated entities will also commit that it and its affiliates will not, except as necessary solely in connection with the performance by their representative on the Issuer’s Board of Directors, exercise or attempt to exercise, directly or indirectly, a controlling influence over the management, policies or business operations of the Issuer and will refrain from taking certain specific actions with respect to the business and corporate affairs of the Issuer. The proposed rebuttal agreement would also preclude CIG and its affiliates from, among other things, seeking or accepting representation of more than one member of the Issuer’s Board of Directors. It is expected that the rebuttal agreement with the OTS will be substantially in the form required by OTS regulations at 12 CFR § 574.100. If accepted by the OTS, the rebuttal agreement will be executed prior to the issuance of the Final Common Stock and is expected to remain in effect so long as CIG and its affiliates collectively own ten percent or more of the Issuer’s voting securities.

CUSIP No. 269246104

Page 16 of 18 Pages

The description of the terms of the Amended Investment Agreement, the Registration Rights Agreement, the Indenture, the Assignment Agreement, the Puts and the Rights Agreement Amendment contained in this Item 6 is a summary, does not purport to be complete, and is qualified in its entirety by reference to the Investment Agreement, the First Amendment, the Registration Rights Agreement, the Indenture, the Assignment Agreement, the Puts and the Rights Agreement Amendment referred to in Item 7 below as Exhibits 99.4, 99.5, 99.6, 99.7, 99.8, 99.9 and 99.10, respectively, and each of which is incorporated herein by reference.

Except as otherwise set forth herein and except for option contracts entered into by CDG and CDT in the ordinary course of making a market and/or investing in the Issuer's stock and options, the Reporting Persons do not have any contract, arrangement, understanding or relationship with any person with respect to the securities of the Issuer.

ITEM 7. MATERIAL TO BE FILED AS EXHIBITS

The following documents are filed as appendices and exhibits (or incorporated by reference herein):

Exhibit 99.1:	Joint Filing Agreement
Exhibit 99.2:	List of Directors and Executive Officers of Reporting Persons
Exhibit 99.3:	Transaction Listing Required by Item 5(c)
Exhibit 99.4:	Master Investment and Securities Purchase Agreement, dated as of November 29, 2007, by and between Wingate Capital Ltd. and E*TRADE Financial Corporation (incorporated by reference to Exhibit 10.1 to the Issuer's Form 8-K as filed with the Securities and Exchange Commission on December 4, 2007)
Exhibit 99.5:	First Amendment to Master Investment and Securities Purchase Agreement, dated as of December 12, 2007, by and between Wingate Capital Ltd. and E*TRADE Financial Corporation
Exhibit 99.6:	Registration Rights Agreement, dated as of November 29, 2007, by and between Wingate Capital Ltd. and E*TRADE Financial Corporation (incorporated by reference to Exhibit 4.1 to the Issuer's Form 8-K as filed with the Securities and Exchange Commission on December 4, 2007)
Exhibit 99.7:	Indenture, dated as of November 29, 2007, by and between E*TRADE Financial Corporation, as issuer, and The Bank of New York, as trustee (incorporated by reference to Exhibit 4.2 to the Issuer's Form 8-K as filed with the Securities and Exchange Commission on December 4, 2007)
Exhibit 99.8:	Assignment Agreement, dated November 29, 2007, by and between Wingate Capital Ltd. and Citadel AC Investments Ltd.
Exhibit 99.9:	Option Agreements, dated as of November 29, 2007, by and between Wingate Capital Ltd. and Kensington Financial Investments, Ltd.
Exhibit 99.10:	First Amendment to the Rights Agreement, dated November 29, 2007, by and between the Issuer and American Stock Transfer & Trust Company (incorporated by reference to Exhibit 4.3 to the Issuer's Form 8-K as filed with the Securities and Exchange Commission on December 4, 2007)

CUSIP No. 269246104

Page 17 of 18 Pages

Signature

After reasonable inquiry and to the best of its knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.

Dated this 17^th day of December, 2007

CITADEL LIMITED PARTNERSHIP By: Citadel Investment Group, L.L.C., its General Partner By: /s/ John C. Nagel John C. Nagel, Director and Associate General Counsel	CITADEL INVESTMENT GROUP, L.L.C. By: /s/ John C. Nagel John C. Nagel, Director and Associate General Counsel

CITADEL EQUITY FUND LTD. By: Citadel Limited Partnership, its Portfolio Manager By: Citadel Investment Group, L.L.C., its General Partner By: /s/ John C. Nagel John C. Nagel, Director and Associate General Counsel	WINGATE CAPITAL LTD. By: Citadel Limited Partnership, its Portfolio Manager By: Citadel Investment Group, L.L.C., its General Partner By: /s/ John C. Nagel John C. Nagel, Director and Associate General Counsel

KENNETH GRIFFIN By: /s/ John C. Nagel John C. Nagel, attorney-in-fact^*	CITADEL AC INVESTMENTS LTD. By: Citadel Limited Partnership, its Portfolio Manager By: Citadel Investment Group, L.L.C., its General Partner By: /s/ John C. Nagel John C. Nagel, Director and Associate General Counsel

^*John C. Nagel is signing on behalf of Kenneth Griffin as attorney-in-fact pursuant to a power of attorney previously filed with the Securities and Exchange Commission on February 24, 2006, and hereby incorporated by reference herein. The power of attorney was filed as an attachment to a filing by Citadel Limited Partnership on Schedule 13G for Morgans Hotel Group Co.

CUSIP No. 269246104

Page 18 of 18 Pages

CITADEL DERIVATIVES TRADING LTD.

By: Citadel Limited Partnership,

its Portfolio Manager

By: Citadel Investment Group, L.L.C.,

its General Partner

By: /s/ John C. Nagel

John C. Nagel, Director and

Associate General Counsel

CITADEL DERIVATIVES GROUP LLC

By: Citadel Limited Partnership,

its Managing Member

By: Citadel Investment Group, L.L.C.,

its General Partner

By: /s/ John C. Nagel

John C. Nagel, Director and

Associate General Counsel

EX-99.1 2 v097404_ex99-1.htm Unassociated Document

EXHIBIT 99.1

JOINT FILING AGREEMENT

The undersigned hereby agree that the Statement on Schedule 13D filed herewith (and any amendments thereto), relating to the common stock, par value $0.01 per share, of E*TRADE Financial Corporation, a Delaware corporation, is being filed jointly with the Securities and Exchange Commission pursuant to Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended, on behalf of each of the undersigned.

This Agreement may be executed in counterparts and each of such counterparts taken together shall constitute one and the same instrument.

Dated this 17^th day of December, 2007

CITADEL LIMITED PARTNERSHIP By: Citadel Investment Group, L.L.C., its General Partner By: /s/ John C. Nagel John C. Nagel, Director and Associate General Counsel	CITADEL INVESTMENT GROUP, L.L.C. By: /s/ John C. Nagel John C. Nagel, Director and Associate General Counsel

CITADEL EQUITY FUND LTD. By: Citadel Limited Partnership, its Portfolio Manager By: Citadel Investment Group, L.L.C., its General Partner By: /s/ John C. Nagel John C. Nagel, Director and Associate General Counsel	WINGATE CAPITAL LTD. By: Citadel Limited Partnership, its Portfolio Manager By: Citadel Investment Group, L.L.C., its General Partner By: /s/ John C. Nagel John C. Nagel, Director and Associate General Counsel

KENNETH GRIFFIN By: /s/ John C. Nagel John C. Nagel, attorney-in-fact	CITADEL AC INVESTMENTS LTD. By: Citadel Limited Partnership, its Portfolio Manager By: Citadel Investment Group, L.L.C., its General Partner By: /s/ John C. Nagel John C. Nagel, Director and Associate General Counsel

Exhibit 99.1, p. 2


CITADEL DERIVATIVES TRADING LTD. By: Citadel Limited Partnership, its Portfolio Manager By: Citadel Investment Group, L.L.C., its General Partner By: /s/ John C. Nagel John C. Nagel, Director and Associate General Counsel	CITADEL DERIVATIVES GROUP LLC By: Citadel Limited Partnership, its Managing Member By: Citadel Investment Group, L.L.C., its General Partner By: /s/ John C. Nagel John C. Nagel, Director and Associate General Counsel

EX-99.2 3 v097404_ex99-2.htm Unassociated Document

Exhibit 99.2

Directors And Executive Officers Of Citadel Investment Group, L.L.C.

The name, business address, title, present principal occupation or employment and citizenship of the sole executive officer of Citadel Investment Group, L.L.C. ("CIG") is set forth below. The business address of such officer is 131 S. Dearborn Street, 32ndFloor, Chicago, Illinois 60603. CIG has no directors.

Name		Title and Present Principal Occupation		Citizenship
Kenneth Griffin		President and Chief Executive Officer of CIG		United States

Directors And Executive Officers Of Citadel Equity Fund Ltd.

The name, title, present principal occupation or employment, residence or business address and citizenship of each of the directors and executive officers of Citadel Equity Fund Ltd. ("CEF") are set forth below.

Name and Citizenship	Title at CEF	Present Principal Occupation and Residence or Business Address (Principal Business of Employer)

Austin John O'Connor United Kingdom	Director and Vice President	Company director 4 rue de l'eglise Wormeldange, Luxembourg L-5481

Adam C. Cooper United States	Director and Assistant Secretary	Senior Managing Director and General Counsel Citadel Investment Group, L.L.C. 131 South Dearborn Chicago, IL 60603

Directors And Executive Officers Of Citadel Derivatives Group LLC

The name, title, present principal occupation or employment, residence or business address and citizenship of each of the directors and executive officers of Citadel Derivatives Group LLC ("CDG") are set forth below.

Name and Citizenship	Title at CDG	Present Principal Occupation and Residence or Business Address (Principal Business of Employer)
Adam C. Cooper United States	Vice President and Secretary	Senior Managing Director and General Counsel Citadel Investment Group, L.L.C. 131 South Dearborn Chicago, IL 60603

Gerald A. Beeson United States	Vice President and Treasurer	Senior Managing Director and Chief Financial Officer Citadel Investment Group, L.L.C. 131 South Dearborn Chicago, IL 60603

Exhibit 99.2, p. 2

Directors And Executive Officers Of Citadel Derivatives Trading Ltd.

Name and Citizenship	Title at CDT	Present Principal Occupation and Residence or Business Address (Principal Business of Employer)

Adam C. Cooper United States	Director	Senior Managing Director and General Counsel Citadel Investment Group, L.L.C. 131 South Dearborn Chicago, IL 60603

Clarendon Hugh "Hal" Masters British Overseas Territories	Director	Company director 48 Pitt’s Bay Road, Pembroke, HM 06, Bermuda

Directors And Executive Officers Of Wingate Capital Ltd.

The name, title, present principal occupation or employment, residence or business address and citizenship of each of the directors and executive officers of Wingate Capital Ltd. ("Wingate") are set forth below.

Name and Citizenship	Title at Wingate	Present Principal Occupation and Residence or Business Address (Principal Business of Employer)

Adam C. Cooper United States	Director and Assistant Secretary	Senior Managing Director and General Counsel Citadel Investment Group, L.L.C. 131 South Dearborn Chicago, IL 60603

Austin John O'Connor United Kingdom	Director and Vice President	Company director 4 rue de l'eglise Wormeldange, Luxembourg L-5481

Exhibit 99.2, p. 3

Directors And Executive Officers Of Citadel AC Investments Ltd.

The name, title, present principal occupation or employment, residence or business address and citizenship of each of the directors and executive officers of Citadel AC Investments Ltd. ("CAC") are set forth below.

Name and Citizenship	Title at CAC	Present Principal Occupation and Residence or Business Address (Principal Business of Employer)

Adam C. Cooper United States	Director	Senior Managing Director and General Counsel Citadel Investment Group, L.L.C. 131 South Dearborn Chicago, IL 60603

Gerald A. Beeson United States	Director	Senior Managing Director and Chief Financial Officer Citadel Investment Group, L.L.C. 131 South Dearborn Chicago, IL 60603

EX-99.3 4 v097404_ex99-3new.htm

Exhibit 99.3, p. 1 of 60

Trade

Account

Symbol -
cleaned

Data

Buy Transaction

Option

Assignment

Option Exercise

Sell Transaction

10/19/2007

CDRG

ET608M

Average of Cost

16.4182

Sum of Quantity

-800

ETFC

Average of Cost

10.91850325

10.93160788

Sum of Quantity

3054284

-2977739

EUSAB2008

Average of Cost

1.95

1.925

Sum of Quantity

-25

EUSAF2008

Average of Cost

0.05

Sum of Quantity

-1

EUSAM2008

Average of Cost

1.35

1.3325

Sum of Quantity

-70

EUSAP2008

Average of Cost

0.45

Sum of Quantity

EUSAQ2008

Average of Cost

0.25

Sum of Quantity

EUSAV2008

Average of Cost

0.8

Sum of Quantity

-40

EUSAW2008

Average of Cost

0.15

Sum of Quantity

EUSDB2008

Average of Cost

2.4

Sum of Quantity

-1

EUSDC2008

Average of Cost

0.75

Sum of Quantity

EUSDM2008

Average of Cost

1.9625

Sum of Quantity

-16

EUSDN2008

Average of Cost

1.6

1.568

Sum of Quantity

-43

EUSDO2008

Average of Cost

1.183333333

1.4

Sum of Quantity

-3

EUSDS2008

Average of Cost

0.35

Sum of Quantity

EUSJB2007

Average of Cost

Sum of Quantity

EUSJC2007

Average of Cost

Sum of Quantity

EUSJD2007

Average of Cost

Sum of Quantity

EUSJE2007

Average of Cost

Sum of Quantity

EUSJF2007

Average of Cost

Sum of Quantity

EUSJK2007

Average of Cost

Sum of Quantity

-70

EUSJL2007

Average of Cost

Sum of Quantity

EUSJM2007

Average of Cost

Sum of Quantity

EUSJN2007

Average of Cost

Sum of Quantity

EUSJO2007

Average of Cost

Sum of Quantity

EUSJP2007

Average of Cost

Sum of Quantity

EUSJQ2007

Average of Cost

Sum of Quantity

EUSJW2007

Average of Cost

Sum of Quantity

EUSJX2007

Average of Cost

Sum of Quantity

EUSMB2008

Average of Cost

0.85

0.9

Sum of Quantity

-7

EUSMC2008

Average of Cost

4.385714286

4.4

Sum of Quantity

-4

EUSMM2008

Average of Cost

1.3

Sum of Quantity

-4

EUSMP2008

Average of Cost

3.5

Sum of Quantity

Exhibit 99.3, p. 2 of 60

Trade

Account

Symbol -
cleaned

Data

Buy Transaction

Option

Assignment

Option Exercise

Sell Transaction

EUSMQ2008

Average of Cost

5.2

Sum of Quantity

-1

EUSMV2008

Average of Cost

2.288461538

Sum of Quantity

107

EUSMW2008

Average of Cost

6.566666667

6.6

Sum of Quantity

-1

EUSPB2008

Average of Cost

1.316666667

Sum of Quantity

EUSPL2008

Average of Cost

0.9

Sum of Quantity

EUSPM2008

Average of Cost

1.85

Sum of Quantity

EUSPO2008

Average of Cost

3.2

Sum of Quantity

EUSPQ2008

Average of Cost

5.3

Sum of Quantity

EUSPR2008

Average of Cost

6.2

Sum of Quantity

EUSVA2007

Average of Cost

Sum of Quantity

EUSVB2007

Average of Cost

Sum of Quantity

EUSVC2007

Average of Cost

Sum of Quantity

156

EUSVD2007

Average of Cost

Sum of Quantity

EUSVK2007

Average of Cost

Sum of Quantity

EUSVL2007

Average of Cost

Sum of Quantity

EUSVM2007

Average of Cost

Sum of Quantity

-59

EUSVN2007

Average of Cost

Sum of Quantity

EUSVO2007

Average of Cost

Sum of Quantity

-95

EUSVP2007

Average of Cost

Sum of Quantity

EUSVW2007

Average of Cost

17.5

Sum of Quantity

OYNAA2009

Average of Cost

6.58

Sum of Quantity

-40

OYNAB2009

Average of Cost

3.3

3.6375

Sum of Quantity

-14

OYNAC2009

Average of Cost

1.8

Sum of Quantity

OYNAD2009

Average of Cost

Sum of Quantity

OYNAE2009

Average of Cost

0.55

Sum of Quantity

OYNAU2009

Average of Cost

4.8

Sum of Quantity

OYNAV2009

Average of Cost

2.4

2.6

Sum of Quantity

-1

OYNMB2009

Average of Cost

2.1

Sum of Quantity

114

-13

OYNMC2009

Average of Cost

5.3

5.5

Sum of Quantity

-4

OYNMU2009

Average of Cost

1.1

Sum of Quantity

-89

OYNMV2009

Average of Cost

3.2

Sum of Quantity

YZKAB2010

Average of Cost

4.4

Sum of Quantity

-10

YZKAD2010

Average of Cost

1.675

Sum of Quantity

YZKMB2010

Average of Cost

2.5

Sum of Quantity

Exhibit 99.3, p. 3 f 60

Trade

Account

Symbol -
cleaned

Data

Buy Transaction

Option

Assignment

Option Exercise

Sell Transaction

CDRT

ETFC

Average of Cost

10.83688925

Sum of Quantity

21400

EUSAB2008

Average of Cost

1.95

1.9

Sum of Quantity

-40

EUSAL2008

Average of Cost

2.4

Sum of Quantity

EUSAM2008

Average of Cost

1.375

1.42

Sum of Quantity

-65

EUSAP2008

Average of Cost

0.41

Sum of Quantity

EUSAV2008

Average of Cost

0.873333333

0.865

Sum of Quantity

-27

EUSDB2008

Average of Cost

2.4

2.7

Sum of Quantity

-10

EUSDN2008

Average of Cost

1.7

Sum of Quantity

-295

EUSDO2008

Average of Cost

1.36

Sum of Quantity

-2

EUSDP2008

Average of Cost

1.07

Sum of Quantity

-3

EUSJB2007

Average of Cost

Sum of Quantity

162

EUSJC2007

Average of Cost

Sum of Quantity

EUSJD2007

Average of Cost

Sum of Quantity

EUSJE2007

Average of Cost

Sum of Quantity

EUSJK2007

Average of Cost

Sum of Quantity

-40

EUSJL2007

Average of Cost

Sum of Quantity

EUSJM2007

Average of Cost

Sum of Quantity

EUSJN2007

Average of Cost

Sum of Quantity

EUSJO2007

Average of Cost

Sum of Quantity

EUSJP2007

Average of Cost

Sum of Quantity

EUSJQ2007

Average of Cost

Sum of Quantity

EUSJW2007

Average of Cost

Sum of Quantity

EUSJX2007

Average of Cost

Sum of Quantity

EUSMB2008

Average of Cost

0.82

Sum of Quantity

EUSMD2008

Average of Cost

8.7

Sum of Quantity

EUSML2008

Average of Cost

0.48

Sum of Quantity

EUSMM2008

Average of Cost

1.22

Sum of Quantity

EUSPB2008

Average of Cost

1.333333333

Sum of Quantity

EUSPM2008

Average of Cost

1.625

Sum of Quantity

EUSPO2008

Average of Cost

3.02

Sum of Quantity

EUSVA2007

Average of Cost

Sum of Quantity

EUSVB2007

Average of Cost

Sum of Quantity

EUSVC2007

Average of Cost

Sum of Quantity

Exhibit 99.3, p. 4 of 60

Trade	Account	Symbol - cleaned	Data	Buy Transaction	Option Assignment	Option Exercise	Sell Transaction
		EUSVD2007	Average of Cost		20
			Sum of Quantity		1
		EUSVI2007	Average of Cost
			Sum of Quantity
		EUSVK2007	Average of Cost
			Sum of Quantity
		EUSVL2007	Average of Cost
			Sum of Quantity
		EUSVM2007	Average of Cost			11
			Sum of Quantity			-108
		EUSVN2007	Average of Cost		12
			Sum of Quantity		17
		EUSVO2007	Average of Cost			13
			Sum of Quantity			-95
		EUSVP2007	Average of Cost			14
			Sum of Quantity			-401
		EUSVQ2007	Average of Cost		16
			Sum of Quantity		33
		OYNAA2009	Average of Cost				6.41
			Sum of Quantity				-1
		OYNMB2009	Average of Cost	2.05
			Sum of Quantity	7
	CEFL	ETFC	Average of Cost	11.10261913			10.9177151
			Sum of Quantity	61140			-3000
10/22/2007	CDRG	ET608M	Average of Cost	16.1
			Sum of Quantity	500
		ETFC	Average of Cost	10.70443046			10.6571814
			Sum of Quantity	1273669			-1225256
		EUSAB2008	Average of Cost				1.7
			Sum of Quantity				-45
		EUSAC2008	Average of Cost	0.35			0.395
			Sum of Quantity	78			-284
		EUSAL2008	Average of Cost				2.2375
			Sum of Quantity				-18
		EUSAM2008	Average of Cost	1.1			1.3125
			Sum of Quantity	15			-909
		EUSAP2008	Average of Cost	0.45
			Sum of Quantity	279
		EUSAQ2008	Average of Cost	0.25
			Sum of Quantity	8
		EUSAV2008	Average of Cost	0.77			0.79
			Sum of Quantity	74			-18
		EUSAW2008	Average of Cost	0.13
			Sum of Quantity	36
		EUSDB2008	Average of Cost	2.05			2.333333333
			Sum of Quantity	3			-62
		EUSDC2008	Average of Cost	0.725			0.85
			Sum of Quantity	9			-2
		EUSDD2008	Average of Cost	0.2
			Sum of Quantity	20
		EUSDL2008	Average of Cost	2.85			2.75
			Sum of Quantity	1			-11
		EUSDM2008	Average of Cost				1.975
			Sum of Quantity				-5
		EUSDN2008	Average of Cost	1.5
			Sum of Quantity	1
		EUSDP2008	Average of Cost	0.85
			Sum of Quantity	1
		EUSDQ2008	Average of Cost				0.7
			Sum of Quantity				-1
		EUSDT2008	Average of Cost	0.25
			Sum of Quantity	11
		EUSLB2007	Average of Cost	1.6
			Sum of Quantity	6
		EUSLC2007	Average of Cost	0.2
			Sum of Quantity	10
		EUSLJ2007	Average of Cost	4
			Sum of Quantity	11

Exhibit 99.3, p. 5 of 60

Trade	Account	Symbol - cleaned	Data	Buy Transaction	Option Assignment	Option Exercise	Sell Transaction
		EUSLM2007	Average of Cost	1.05			1.226666667
			Sum of Quantity	13			-12
		EUSLN2007	Average of Cost	0.611111111
			Sum of Quantity	101
		EUSLO2007	Average of Cost	0.355			0.35
			Sum of Quantity	46			-30
		EUSLP2007	Average of Cost	0.2025			0.2
			Sum of Quantity	105			-27
		EUSMA2008	Average of Cost	0.05
			Sum of Quantity	21
		EUSMB2008	Average of Cost	0.9			1.116666667
			Sum of Quantity	13			-21
		EUSMC2008	Average of Cost	4.4
			Sum of Quantity	1
		EUSML2008	Average of Cost	0.55			0.7
			Sum of Quantity	2			-14
		EUSMM2008	Average of Cost	1.37			1.4
			Sum of Quantity	14			-8
		EUSMP2008	Average of Cost	3.533333333
			Sum of Quantity	203
		EUSMU2008	Average of Cost	0.24			0.35
			Sum of Quantity	185			-11
		EUSMV2008	Average of Cost	2.5875
			Sum of Quantity	81
		EUSPC2008	Average of Cost	4.8
			Sum of Quantity	4
		EUSPK2008	Average of Cost	0.6			0.75
			Sum of Quantity	11			-18
		EUSPL2008	Average of Cost				1.15
			Sum of Quantity				-11
		EUSPM2008	Average of Cost	1.9
			Sum of Quantity	3
		EUSPN2008	Average of Cost	2.45
			Sum of Quantity	1
		EUSPQ2008	Average of Cost	5.6
			Sum of Quantity	8
		EUSXB2007	Average of Cost	0.65
			Sum of Quantity	13
		EUSXM2007	Average of Cost	1.05
			Sum of Quantity	40
		OYNAB2009	Average of Cost	3.4			3.566666667
			Sum of Quantity	8			-15
		OYNAC2009	Average of Cost				1.9
			Sum of Quantity				-2
		OYNAE2009	Average of Cost	0.516666667			0.6
			Sum of Quantity	64			-55
		OYNAF2009	Average of Cost	0.24375
			Sum of Quantity	155
		OYNAU2009	Average of Cost	4.8			5
			Sum of Quantity	7			-1
		OYNAV2009	Average of Cost				2.575
			Sum of Quantity				-24
		OYNMB2009	Average of Cost	2.2
			Sum of Quantity	2
		OYNMC2009	Average of Cost	5.25
			Sum of Quantity	15
		YZKAB2010	Average of Cost				4.55
			Sum of Quantity				-13
		YZKAC2010	Average of Cost	2.525
			Sum of Quantity	15
		YZKAD2010	Average of Cost	1.725			2
			Sum of Quantity	60			-22
		YZKAE2010	Average of Cost	1.05
			Sum of Quantity	21
		YZKAG2010	Average of Cost				0.9
			Sum of Quantity				-6

Exhibit 99.3, p. 6 of 60

Trade	Account	Symbol - cleaned	Data	Buy Transaction	Option Assignment	Option Exercise	Sell Transaction
		YZKMB2010	Average of Cost	2.65
			Sum of Quantity	5
		YZKMC2010	Average of Cost	5.966666667
			Sum of Quantity	21
		YZKMD2010	Average of Cost	9.75
			Sum of Quantity	20
	CDRT	ETFC	Average of Cost	10.84272025
			Sum of Quantity	23178
		EUSAB2008	Average of Cost				1.53
			Sum of Quantity				-60
		EUSAC2008	Average of Cost				0.38
			Sum of Quantity				-1
		EUSAM2008	Average of Cost	1.08			1.425
			Sum of Quantity	60			-75
		EUSAP2008	Average of Cost	0.5
			Sum of Quantity	2
		EUSAV2008	Average of Cost				0.75
			Sum of Quantity				-11
		EUSDC2008	Average of Cost	0.7
			Sum of Quantity	5
		EUSDD2008	Average of Cost	0.2
			Sum of Quantity	40
		EUSDO2008	Average of Cost	1.13
			Sum of Quantity	10
		EUSDP2008	Average of Cost	0.95
			Sum of Quantity	20
		EUSDT2008	Average of Cost	0.25
			Sum of Quantity	22
		EUSLC2007	Average of Cost	0.2
			Sum of Quantity	20
		EUSLM2007	Average of Cost	1
			Sum of Quantity	10
		EUSLN2007	Average of Cost	0.65
			Sum of Quantity	3
		EUSLO2007	Average of Cost	0.4
			Sum of Quantity	33
		EUSMB2008	Average of Cost				0.95
			Sum of Quantity				-6
		EUSMC2008	Average of Cost	4.5
			Sum of Quantity	18
		EUSMM2008	Average of Cost				1.515
			Sum of Quantity				-23
		EUSPN2008	Average of Cost	2.7
			Sum of Quantity	6
		EUSPP2008	Average of Cost	4.03
			Sum of Quantity	20
		OYNAU2009	Average of Cost				4.66
			Sum of Quantity				-3
	CEFL	ETFC	Average of Cost	10.86135829			10.56076258
			Sum of Quantity	19597			-11478
10/23/2007	CDRG	ET608M	Average of Cost	16.03			16.0594
			Sum of Quantity	100			-200
		ETFC	Average of Cost	10.90069652			10.8606679
			Sum of Quantity	715309			-694933
		EUSAB2008	Average of Cost	1.835			1.8
			Sum of Quantity	79			-4
		EUSAC2008	Average of Cost	0.325
			Sum of Quantity	15
		EUSAM2008	Average of Cost	1.28125
			Sum of Quantity	65
		EUSAP2008	Average of Cost	0.5
			Sum of Quantity	4
		EUSAQ2008	Average of Cost	0.25
			Sum of Quantity	68
		EUSAV2008	Average of Cost	0.791666667
			Sum of Quantity	142
		EUSAW2008	Average of Cost	0.2
			Sum of Quantity	88

Exhibit 99.3, p. 7 of 60

Trade

Account

Symbol -
cleaned

Data

Buy Transaction

Option

Assignment

Option Exercise

Sell Transaction

EUSDC2008

Average of Cost

0.7

Sum of Quantity

EUSDN2008

Average of Cost

1.575

Sum of Quantity

-13

EUSDO2008

Average of Cost

1.225

Sum of Quantity

-16

EUSDR2008

Average of Cost

0.5

Sum of Quantity

-1

EUSDS2008

Average of Cost

0.45

Sum of Quantity

-1

EUSLC2007

Average of Cost

0.2

Sum of Quantity

-28

EUSLM2007

Average of Cost

0.983333333

Sum of Quantity

EUSLN2007

Average of Cost

0.625

Sum of Quantity

EUSLO2007

Average of Cost

0.45

Sum of Quantity

EUSLP2007

Average of Cost

0.25

Sum of Quantity

EUSMB2008

Average of Cost

0.866666667

0.89

Sum of Quantity

104

-46

EUSMD2008

Average of Cost

9.2

Sum of Quantity

-5

EUSML2008

Average of Cost

0.5

Sum of Quantity

EUSMM2008

Average of Cost

1.25

Sum of Quantity

EUSMP2008

Average of Cost

3.4

Sum of Quantity

EUSMU2008

Average of Cost

0.3

Sum of Quantity

-1

EUSMV2008

Average of Cost

2.2

Sum of Quantity

EUSPL2008

Average of Cost

0.9

Sum of Quantity

EUSWQ2007

Average of Cost

Sum of Quantity

-13

EUSWR2007

Average of Cost

Sum of Quantity

-6

EUSXB2007

Average of Cost

0.65

Sum of Quantity

EUSXL2007

Average of Cost

0.35

Sum of Quantity

OYNAB2009

Average of Cost

3.5

Sum of Quantity

-10

OYNAC2009

Average of Cost

1.85

Sum of Quantity

-1

OYNAV2009

Average of Cost

2.533333333

Sum of Quantity

-21

OYNMC2009

Average of Cost

5.15

5.5

Sum of Quantity

-4

OYNMD2009

Average of Cost

8.8

Sum of Quantity

OYNME2009

Average of Cost

14.3

Sum of Quantity

-8

CDRT

ETFC

Average of Cost

10.7627907

Sum of Quantity

4300

EUSAX2008

Average of Cost

0.07

Sum of Quantity

EUSDC2008

Average of Cost

0.75

Sum of Quantity

EUSDM2008

Average of Cost

1.85

Sum of Quantity

-20

EUSDN2008

Average of Cost

1.5

Sum of Quantity

Exhibit 99.3, p. 8 of 60

Trade	Account	Symbol - cleaned	Data	Buy Transaction	Option Assignment	Option Exercise	Sell Transaction
		EUSDQ2008	Average of Cost	0.55
			Sum of Quantity	10
		EUSDT2008	Average of Cost	0.3
			Sum of Quantity	11
		EUSLC2007	Average of Cost				0.2
			Sum of Quantity				-11
		EUSLM2007	Average of Cost				1.08
			Sum of Quantity				-20
		EUSLN2007	Average of Cost	0.65
			Sum of Quantity	18
		EUSLO2007	Average of Cost	0.42
			Sum of Quantity	56
		EUSLP2007	Average of Cost	0.22			0.3
			Sum of Quantity	10			-11
		EUSML2008	Average of Cost	0.5
			Sum of Quantity	60
		EUSMW2008	Average of Cost	6.5
			Sum of Quantity	15
		EUSPB2008	Average of Cost	1.325
			Sum of Quantity	162
		EUSPM2008	Average of Cost	1.85
			Sum of Quantity	10
		EUSWQ2007	Average of Cost		16
			Sum of Quantity		3
		EUSXP2007	Average of Cost				3.43
			Sum of Quantity				-30
		OYNAB2009	Average of Cost				3.51
			Sum of Quantity				-25
		OYNAD2009	Average of Cost	0.91
			Sum of Quantity	25
	CEFL	ETFC	Average of Cost	10.9027839			10.89474508
			Sum of Quantity	180671			-8210
10/24/2007	CDRG	ET608M	Average of Cost	15.56			15.7987
			Sum of Quantity	200			-600
		ETFC	Average of Cost	10.55376309			10.52474232
			Sum of Quantity	1634647			-1591115
		EUSAB2008	Average of Cost	1.733333333
			Sum of Quantity	143
		EUSAC2008	Average of Cost				0.4
			Sum of Quantity				-2
		EUSAL2008	Average of Cost				2.35
			Sum of Quantity				-2
		EUSAM2008	Average of Cost	1.3			1.25
			Sum of Quantity	76			-428
		EUSAP2008	Average of Cost	0.416666667
			Sum of Quantity	12
		EUSAU2008	Average of Cost				3.8
			Sum of Quantity				-1
		EUSAV2008	Average of Cost	0.75			0.813333333
			Sum of Quantity	40			-351
		EUSDB2008	Average of Cost	2.4			2.396666667
			Sum of Quantity	42			-114
		EUSDC2008	Average of Cost	0.691666667			0.75
			Sum of Quantity	226			-5
		EUSDM2008	Average of Cost				1.797058824
			Sum of Quantity				-220
		EUSDN2008	Average of Cost				1.475
			Sum of Quantity				-186
		EUSDO2008	Average of Cost				1.2
			Sum of Quantity				-2
		EUSDQ2008	Average of Cost	0.5
			Sum of Quantity	1
		EUSLB2007	Average of Cost	1.4
			Sum of Quantity	6
		EUSLL2007	Average of Cost				2.05
			Sum of Quantity				-11
		EUSLM2007	Average of Cost	0.85			0.9
			Sum of Quantity	4			-100

Exhibit 99.3, p. 9 of 60

Trade	Account	Symbol - cleaned	Data	Buy Transaction	Option Assignment	Option Exercise	Sell Transaction
		EUSLN2007	Average of Cost	0.55
			Sum of Quantity	6
		EUSMA2008	Average of Cost	0.1			0.09
			Sum of Quantity	7			-7
		EUSMB2008	Average of Cost	1.05			1.15
			Sum of Quantity	26			-1
		EUSMC2008	Average of Cost	4.7
			Sum of Quantity	2
		EUSMD2008	Average of Cost				9.5
			Sum of Quantity				-1
		EUSML2008	Average of Cost	0.5
			Sum of Quantity	10
		EUSMM2008	Average of Cost	1.35
			Sum of Quantity	184
		EUSMV2008	Average of Cost	2.55
			Sum of Quantity	10
		EUSPB2008	Average of Cost	1.5
			Sum of Quantity	98
		EUSPC2008	Average of Cost				5.05
			Sum of Quantity				-31
		EUSPL2008	Average of Cost	1.1
			Sum of Quantity	9
		EUSXB2007	Average of Cost	0.75
			Sum of Quantity	2
		EUSXK2007	Average of Cost				0.3
			Sum of Quantity				-15
		EUSXL2007	Average of Cost	0.35
			Sum of Quantity	1
		EUSXM2007	Average of Cost	1.4
			Sum of Quantity	10
		OYNAA2009	Average of Cost				6.1
			Sum of Quantity				-11
		OYNAB2009	Average of Cost				3.4
			Sum of Quantity				-2
		OYNAE2009	Average of Cost				0.566666667
			Sum of Quantity				-33
		OYNAF2009	Average of Cost				0.36
			Sum of Quantity				-116
		OYNAU2009	Average of Cost	4.7			4.625
			Sum of Quantity	1			-14
		OYNMB2009	Average of Cost	2.3
			Sum of Quantity	5
		OYNMD2009	Average of Cost	9.2
			Sum of Quantity	6
		OYNMV2009	Average of Cost	3.9
			Sum of Quantity	11
		YZKAD2010	Average of Cost	1.7
			Sum of Quantity	10
		YZKMB2010	Average of Cost	2.8
			Sum of Quantity	3
	CDRT	ETFC	Average of Cost	10.38434032
			Sum of Quantity	6200
		EUSAB2008	Average of Cost	1.82
			Sum of Quantity	8
		EUSAM2008	Average of Cost	1.235			1.25
			Sum of Quantity	17			-84
		EUSAV2008	Average of Cost	0.7			0.85
			Sum of Quantity	19			-798
		EUSDB2008	Average of Cost				2.38
			Sum of Quantity				-42
		EUSLM2007	Average of Cost	0.85
			Sum of Quantity	4
		EUSLN2007	Average of Cost	0.56
			Sum of Quantity	15
		EUSMC2008	Average of Cost	4.8
			Sum of Quantity	23

Exhibit 99.3, p. 10 of 60

Trade	Account	Symbol - cleaned	Data	Buy Transaction	Option Assignment	Option Exercise	Sell Transaction
		EUSML2008	Average of Cost	0.62
			Sum of Quantity	10
		EUSPK2008	Average of Cost				0.67
			Sum of Quantity				-10
		EUSXK2007	Average of Cost	0.2
			Sum of Quantity	90
		EUSXL2007	Average of Cost	0.44
			Sum of Quantity	10
	CEFL	ETFC	Average of Cost	10.66847198			10.46043581
			Sum of Quantity	32383			-5809
10/25/2007	CDRG	ETFC	Average of Cost	10.3081721			10.23171169
			Sum of Quantity	1236445			-1204077
		EUSAA2008	Average of Cost				5.4
			Sum of Quantity				-8
		EUSAB2008	Average of Cost	1.575			1.47
			Sum of Quantity	85			-52
		EUSAC2008	Average of Cost	0.35
			Sum of Quantity	50
		EUSAE2008	Average of Cost	0.05
			Sum of Quantity	132
		EUSAL2008	Average of Cost				2
			Sum of Quantity				-10
		EUSAM2008	Average of Cost	1.1			1.15
			Sum of Quantity	2			-1
		EUSAQ2008	Average of Cost	0.25
			Sum of Quantity	55
		EUSAW2008	Average of Cost	0.15
			Sum of Quantity	22
		EUSAX2008	Average of Cost	0.05
			Sum of Quantity	1
		EUSDB2008	Average of Cost				2.075
			Sum of Quantity				-4
		EUSDC2008	Average of Cost				0.7
			Sum of Quantity				-37
		EUSDJ2008	Average of Cost				3.9
			Sum of Quantity				-3
		EUSDO2008	Average of Cost				1.1
			Sum of Quantity				-5
		EUSDP2008	Average of Cost				0.95
			Sum of Quantity				-4
		EUSDS2008	Average of Cost	0.35
			Sum of Quantity	50
		EUSLB2007	Average of Cost	1.15			1.15
			Sum of Quantity	10			-2
		EUSLC2007	Average of Cost	0.1
			Sum of Quantity	2
		EUSLM2007	Average of Cost	0.8
			Sum of Quantity	14
		EUSLN2007	Average of Cost	0.5
			Sum of Quantity	2
		EUSLO2007	Average of Cost	0.27			0.35
			Sum of Quantity	8			-2
		EUSMB2008	Average of Cost	1.188571429			1.15
			Sum of Quantity	156			-6
		EUSMC2008	Average of Cost	4.61			4.6
			Sum of Quantity	10			-10
		EUSMM2008	Average of Cost	1.85
			Sum of Quantity	3
		EUSMV2008	Average of Cost	2.95
			Sum of Quantity	82
		EUSMW2008	Average of Cost	7.3
			Sum of Quantity	90
		EUSPK2008	Average of Cost	0.8
			Sum of Quantity	7
		EUSPL2008	Average of Cost	1.05
			Sum of Quantity	398
		EUSPP2008	Average of Cost	4.3
			Sum of Quantity	78

Exhibit 99.3, p. 11 of 60

Trade	Account	Symbol - cleaned	Data	Buy Transaction	Option Assignment	Option Exercise	Sell Transaction
		EUSWC2007	Average of Cost			15
			Sum of Quantity			-128
		EUSXL2007	Average of Cost	0.5
			Sum of Quantity	18
		EUSXM2007	Average of Cost				1.475
			Sum of Quantity				-46
		OYNAA2009	Average of Cost				5.9
			Sum of Quantity				-12
		OYNAB2009	Average of Cost				3.15
			Sum of Quantity				-16
		OYNAC2009	Average of Cost				1.85
			Sum of Quantity				-4
		OYNAD2009	Average of Cost	0.85			0.975
			Sum of Quantity	57			-52
		OYNAE2009	Average of Cost				0.55
			Sum of Quantity				-2
		OYNAU2009	Average of Cost				4.433333333
			Sum of Quantity				-40
		OYNAV2009	Average of Cost	2.15			2.3
			Sum of Quantity	3			-11
		OYNMB2009	Average of Cost	2.45			2.55
			Sum of Quantity	11			-17
		OYNMC2009	Average of Cost				6
			Sum of Quantity				-3
		OYNMV2009	Average of Cost	3.95
			Sum of Quantity	39
		YZKAB2010	Average of Cost				4.3
			Sum of Quantity				-1
		YZKAC2010	Average of Cost				2.7
			Sum of Quantity				-25
	CDRT	ETFC	Average of Cost	10.43003061
			Sum of Quantity	26792
		EUSAB2008	Average of Cost				1.44
			Sum of Quantity				-20
		EUSAM2008	Average of Cost				1.2
			Sum of Quantity				-124
		EUSAV2008	Average of Cost	0.76
			Sum of Quantity	20
		EUSDJ2008	Average of Cost				3.76
			Sum of Quantity				-10
		EUSDL2008	Average of Cost	2.46
			Sum of Quantity	10
		EUSDM2008	Average of Cost				1.75
			Sum of Quantity				-3
		EUSLM2007	Average of Cost	0.7
			Sum of Quantity	24
		EUSLO2007	Average of Cost				0.34
			Sum of Quantity				-46
		EUSMB2008	Average of Cost	1.1925
			Sum of Quantity	29
		EUSMC2008	Average of Cost				5.035
			Sum of Quantity				-20
		EUSMV2008	Average of Cost	3
			Sum of Quantity	1
		EUSPL2008	Average of Cost	1.05
			Sum of Quantity	222
		EUSPN2008	Average of Cost	2.7
			Sum of Quantity	30
		EUSWC2007	Average of Cost			15
			Sum of Quantity			-174
		EUSXB2007	Average of Cost	0.85
			Sum of Quantity	4
		EUSXN2007	Average of Cost				1.9
			Sum of Quantity				-25
		EUSXO2007	Average of Cost	2.9			2.78
			Sum of Quantity	8			-20

Exhibit 99.3, p. 12 of 60

Trade	Account	Symbol - cleaned	Data	Buy Transaction	Option Assignment	Option Exercise	Sell Transaction
		OYNAB2009	Average of Cost	3.235
			Sum of Quantity	15
		OYNMF2009	Average of Cost		30
			Sum of Quantity		3
	CEFL	ETFC	Average of Cost	10.31873668			10.13411111
			Sum of Quantity	14000			-3050
10/26/2007	CDRG	ET608M	Average of Cost	15.7566			15.85
			Sum of Quantity	1100			-100
		ETFC	Average of Cost	10.66007193			10.51435754
			Sum of Quantity	1348237			-1290323
		EUSAA2008	Average of Cost	5.6
			Sum of Quantity	2
		EUSAB2008	Average of Cost	1.75
			Sum of Quantity	23
		EUSAC2008	Average of Cost	0.35
			Sum of Quantity	27
		EUSAL2008	Average of Cost				2.5
			Sum of Quantity				-5
		EUSAM2008	Average of Cost	1.242857143
			Sum of Quantity	46
		EUSAP2008	Average of Cost	0.45			0.55
			Sum of Quantity	75			-8
		EUSAU2008	Average of Cost				3.65
			Sum of Quantity				-10
		EUSAV2008	Average of Cost	0.8			0.925
			Sum of Quantity	14			-45
		EUSDB2008	Average of Cost				2.35
			Sum of Quantity				-4
		EUSDC2008	Average of Cost	0.75
			Sum of Quantity	2
		EUSDJ2008	Average of Cost				4.2
			Sum of Quantity				-4
		EUSDM2008	Average of Cost				1.85
			Sum of Quantity				-42
		EUSDN2008	Average of Cost				1.5
			Sum of Quantity				-4
		EUSDO2008	Average of Cost				1.28
			Sum of Quantity				-183
		EUSDQ2008	Average of Cost				0.65
			Sum of Quantity				-5
		EUSLB2007	Average of Cost	1.2
			Sum of Quantity	19
		EUSLC2007	Average of Cost				0.2
			Sum of Quantity				-22
		EUSLM2007	Average of Cost	0.933333333			1.06
			Sum of Quantity	9			-110
		EUSLN2007	Average of Cost	0.55			0.7
			Sum of Quantity	12			-154
		EUSLO2007	Average of Cost	0.35			0.4
			Sum of Quantity	13			-84
		EUSLP2007	Average of Cost	0.2
			Sum of Quantity	24
		EUSMB2008	Average of Cost	1.0375
			Sum of Quantity	50
		EUSMC2008	Average of Cost	4.7
			Sum of Quantity	2
		EUSML2008	Average of Cost	0.75
			Sum of Quantity	2
		EUSMM2008	Average of Cost	1.6
			Sum of Quantity	10
		EUSMQ2008	Average of Cost	5.1
			Sum of Quantity	1
		EUSMV2008	Average of Cost	2.65
			Sum of Quantity	33
		EUSPB2008	Average of Cost	1.55
			Sum of Quantity	1
		EUSPC2008	Average of Cost	4.9
			Sum of Quantity	2

Exhibit 99.3, p. 13 of 60

Trade	Account	Symbol - cleaned	Data	Buy Transaction	Option Assignment	Option Exercise	Sell Transaction
		EUSPJ2008	Average of Cost				0.55
			Sum of Quantity				-3
		EUSPN2008	Average of Cost	2.666666667
			Sum of Quantity	38
		EUSXB2007	Average of Cost	0.8			0.75
			Sum of Quantity	10			-40
		EUSXK2007	Average of Cost	0.2
			Sum of Quantity	11
		EUSXL2007	Average of Cost	0.425
			Sum of Quantity	31
		EUSXN2007	Average of Cost				1.866666667
			Sum of Quantity				-90
		OYNAA2009	Average of Cost				6.45
			Sum of Quantity				-30
		OYNAB2009	Average of Cost				3.566666667
			Sum of Quantity				-83
		OYNAC2009	Average of Cost				1.766666667
			Sum of Quantity				-21
		OYNAD2009	Average of Cost				0.983333333
			Sum of Quantity				-37
		OYNAE2009	Average of Cost	0.45
			Sum of Quantity	19
		OYNAU2009	Average of Cost				4.65
			Sum of Quantity				-2
		OYNAV2009	Average of Cost				2.425
			Sum of Quantity				-13
		OYNMC2009	Average of Cost	5.2			5.7
			Sum of Quantity	17			-12
		OYNMU2009	Average of Cost	1.15
			Sum of Quantity	8
		OYNMV2009	Average of Cost	3.7
			Sum of Quantity	2
		YZKAB2010	Average of Cost				4.4
			Sum of Quantity				-3
		YZKAD2010	Average of Cost	1.75
			Sum of Quantity	10
		YZKAF2010	Average of Cost	0.775
			Sum of Quantity	31
	CDRT	ETFC	Average of Cost	10.60136939
			Sum of Quantity	38960
		EUSAA2008	Average of Cost				5.5
			Sum of Quantity				-10
		EUSAB2008	Average of Cost	1.74			1.81
			Sum of Quantity	60			-38
		EUSAL2008	Average of Cost				2.36
			Sum of Quantity				-4
		EUSAM2008	Average of Cost	1.28
			Sum of Quantity	6
		EUSAP2008	Average of Cost	0.48
			Sum of Quantity	10
		EUSAV2008	Average of Cost	0.815
			Sum of Quantity	16
		EUSAW2008	Average of Cost	0.195
			Sum of Quantity	15
		EUSDB2008	Average of Cost				2.5
			Sum of Quantity				-14
		EUSDJ2008	Average of Cost				4.065
			Sum of Quantity				-63
		EUSDK2008	Average of Cost				3.575
			Sum of Quantity				-30
		EUSDM2008	Average of Cost	1.92			1.85
			Sum of Quantity	24			-15
		EUSDO2008	Average of Cost				1.28
			Sum of Quantity				-20
		EUSDP2008	Average of Cost	0.95
			Sum of Quantity	13

Exhibit 99.3, p. 14 of 60

Trade	Account	Symbol - cleaned	Data	Buy Transaction	Option Assignment	Option Exercise	Sell Transaction
		EUSLB2007	Average of Cost	1.4
			Sum of Quantity	65
		EUSLM2007	Average of Cost				1.1
			Sum of Quantity				-40
		EUSLN2007	Average of Cost	0.6
			Sum of Quantity	34
		EUSMB2008	Average of Cost	1.08
			Sum of Quantity	10
		EUSMV2008	Average of Cost	2.7
			Sum of Quantity	2
		EUSXB2007	Average of Cost				0.75
			Sum of Quantity				-65
		OYNAA2009	Average of Cost	6.13
			Sum of Quantity	1
	CEFL	ETFC	Average of Cost	10.65459081			10.49988087
			Sum of Quantity	31000			-5433
10/29/2007	CDRG	ET608M	Average of Cost	16.64			16.10561667
			Sum of Quantity	200			-2150
		ETFC	Average of Cost	10.97288489			10.88452453
			Sum of Quantity	999061			-1042938
		EUSAB2008	Average of Cost	1.97			2.19
			Sum of Quantity	61			-8
		EUSAC2008	Average of Cost				0.45
			Sum of Quantity				-22
		EUSAF2008	Average of Cost				0.05
			Sum of Quantity				-3
		EUSAM2008	Average of Cost	1.435714286
			Sum of Quantity	100
		EUSAP2008	Average of Cost	0.483333333
			Sum of Quantity	55
		EUSAQ2008	Average of Cost				0.35
			Sum of Quantity				-28
		EUSAU2008	Average of Cost				3.7
			Sum of Quantity				-1
		EUSAV2008	Average of Cost	0.921428571			1
			Sum of Quantity	117			-66
		EUSAX2008	Average of Cost	0.05
			Sum of Quantity	5
		EUSDC2008	Average of Cost	0.75
			Sum of Quantity	8
		EUSDJ2008	Average of Cost	4.6
			Sum of Quantity	14
		EUSDM2008	Average of Cost				1.95
			Sum of Quantity				-5
		EUSDN2008	Average of Cost	1.7
			Sum of Quantity	1
		EUSDO2008	Average of Cost				1.45
			Sum of Quantity				-10
		EUSDP2008	Average of Cost				1.15
			Sum of Quantity				-3
		EUSLB2007	Average of Cost	1.46			1.45
			Sum of Quantity	10			-10
		EUSLM2007	Average of Cost				1.25
			Sum of Quantity				-38
		EUSLN2007	Average of Cost	0.675
			Sum of Quantity	61
		EUSLP2007	Average of Cost	0.25
			Sum of Quantity	2
		EUSMB2008	Average of Cost	0.866666667
			Sum of Quantity	51
		EUSMD2008	Average of Cost				9
			Sum of Quantity				-3
		EUSMM2008	Average of Cost	1.2625
			Sum of Quantity	51
		EUSMP2008	Average of Cost	3.6
			Sum of Quantity	11
		EUSMV2008	Average of Cost	2.175
			Sum of Quantity	25

Exhibit 99.3, p. 15 of 60

Trade

Account

Symbol -
cleaned

Data

Buy Transaction

Option

Assignment

Option Exercise

Sell Transaction

EUSXB2007

Average of Cost

0.683333333

Sum of Quantity

OYNAC2009

Average of Cost

1.85

Sum of Quantity

-11

OYNAU2009

Average of Cost

4.7

Sum of Quantity

OYNAV2009

Average of Cost

2.45

Sum of Quantity

-35

OYNMA2009

Average of Cost

0.4

Sum of Quantity

OYNMB2009

Average of Cost

2.15

Sum of Quantity

OYNMU2009

Average of Cost

1.05

Sum of Quantity

125

OYNMV2009

Average of Cost

3.7

Sum of Quantity

-12

YZKAB2010

Average of Cost

4.5

4.65

Sum of Quantity

-20

YZKAC2010

Average of Cost

2.9

Sum of Quantity

-6

YZKAE2010

Average of Cost

Sum of Quantity

CDRT

ETFC

Average of Cost

10.79780488

Sum of Quantity

4100

-1100

EUSAB2008

Average of Cost

2.05

Sum of Quantity

EUSAL2008

Average of Cost

2.46

Sum of Quantity

-6

EUSAM2008

Average of Cost

1.35

Sum of Quantity

EUSAP2008

Average of Cost

0.5

Sum of Quantity

125

EUSAU2008

Average of Cost

3.6

Sum of Quantity

-40

EUSAV2008

Average of Cost

0.943333333

Sum of Quantity

EUSDB2008

Average of Cost

2.45

Sum of Quantity

-4

EUSDC2008

Average of Cost

0.82

Sum of Quantity

EUSDM2008

Average of Cost

2.1

Sum of Quantity

-20

EUSDN2008

Average of Cost

1.7075

Sum of Quantity

-4

EUSDP2008

Average of Cost

Sum of Quantity

EUSLB2007

Average of Cost

1.59

Sum of Quantity

-40

EUSLM2007

Average of Cost

1.05

Sum of Quantity

EUSLN2007

Average of Cost

0.666

Sum of Quantity

EUSLO2007

Average of Cost

0.42

Sum of Quantity

EUSMP2008

Average of Cost

3.65

Sum of Quantity

EUSMU2008

Average of Cost

0.28

Sum of Quantity

-50

EUSPC2008

Average of Cost

4.41

Sum of Quantity

EUSPM2008

Average of Cost

Sum of Quantity

-40

EUSXB2007

Average of Cost

0.67

Sum of Quantity

EUSXL2007

Average of Cost

0.32

Sum of Quantity

Exhibit 99.3, p. 16 of 60

Trade	Account	Symbol - cleaned	Data	Buy Transaction	Option Assignment	Option Exercise	Sell Transaction
		EUSXM2007	Average of Cost				1.1
			Sum of Quantity				-5
		EUSXO2007	Average of Cost				2.2
			Sum of Quantity				-50
	CEFL	ETFC	Average of Cost	11.05319044			11.15771331
			Sum of Quantity	11595			-52875
10/30/2007	CDRG	ET608M	Average of Cost				15.8015
			Sum of Quantity				-100
		ETFC	Average of Cost	10.85945632			10.84914177
			Sum of Quantity	758410			-705299
		EUSAB2008	Average of Cost	1.85
			Sum of Quantity	5
		EUSAL2008	Average of Cost				2.55
			Sum of Quantity				-9
		EUSAM2008	Average of Cost	1.35
			Sum of Quantity	1
		EUSAP2008	Average of Cost	0.45
			Sum of Quantity	26
		EUSAV2008	Average of Cost	0.825			0.89
			Sum of Quantity	13			-12
		EUSAW2008	Average of Cost	0.2			0.19
			Sum of Quantity	6			-6
		EUSDB2008	Average of Cost				2.5
			Sum of Quantity				-17
		EUSDN2008	Average of Cost	1.55
			Sum of Quantity	7
		EUSDO2008	Average of Cost	1.25
			Sum of Quantity	2
		EUSDP2008	Average of Cost				1.05
			Sum of Quantity				-5
		EUSLB2007	Average of Cost				1.6
			Sum of Quantity				-22
		EUSLM2007	Average of Cost				1.1
			Sum of Quantity				-942
		EUSLN2007	Average of Cost	0.6
			Sum of Quantity	3
		EUSLP2007	Average of Cost	0.2
			Sum of Quantity	1
		EUSMD2008	Average of Cost				9.3
			Sum of Quantity				-2
		EUSMM2008	Average of Cost	1.366666667
			Sum of Quantity	38
		EUSMV2008	Average of Cost	2.25
			Sum of Quantity	30
		EUSPC2008	Average of Cost	4.6
			Sum of Quantity	28
		EUSPL2008	Average of Cost	0.96			0.95
			Sum of Quantity	20			-20
		EUSXB2007	Average of Cost	0.65
			Sum of Quantity	10
		EUSXN2007	Average of Cost	1.7
			Sum of Quantity	13
		OYNAA2009	Average of Cost				6.6
			Sum of Quantity				-31
		OYNAC2009	Average of Cost				1.825
			Sum of Quantity				-17
		OYNAU2009	Average of Cost	4.68			4.9
			Sum of Quantity	5			-1
		OYNAV2009	Average of Cost	2.4			2.475
			Sum of Quantity	94			-11
		YZKAB2010	Average of Cost				4.7
			Sum of Quantity				-6
	CDRT	EUSAC2008	Average of Cost	0.32
			Sum of Quantity	12
		EUSAL2008	Average of Cost				2.5
			Sum of Quantity				-10
		EUSDB2008	Average of Cost				2.45
			Sum of Quantity				-50

Exhibit 99.3, p. 17 of 60

Trade	Account	Symbol - cleaned	Data	Buy Transaction	Option Assignment	Option Exercise	Sell Transaction
		EUSDN2008	Average of Cost				1.63
			Sum of Quantity				-30
		EUSLM2007	Average of Cost				1.0425
			Sum of Quantity				-83
	CEFL	ETFC	Average of Cost	10.90244303			10.85144333
			Sum of Quantity	17401			-8264
10/31/2007	CDRG	ET608M	Average of Cost	16.118571
			Sum of Quantity	700
		ETFC	Average of Cost	11.10707118			11.11632358
			Sum of Quantity	781422			-758563
		EUSAP2008	Average of Cost	0.5
			Sum of Quantity	1
		EUSAV2008	Average of Cost	0.9			0.96
			Sum of Quantity	33			-39
		EUSDC2008	Average of Cost	0.9			0.895
			Sum of Quantity	6			-9
		EUSDN2008	Average of Cost	1.65
			Sum of Quantity	5
		EUSDO2008	Average of Cost	1.25
			Sum of Quantity	10
		EUSDP2008	Average of Cost	1.05			1.1
			Sum of Quantity	4			-2
		EUSDS2008	Average of Cost				0.45
			Sum of Quantity				-11
		EUSLB2007	Average of Cost	1.683333333
			Sum of Quantity	36
		EUSLM2007	Average of Cost	1.166666667
			Sum of Quantity	29
		EUSLN2007	Average of Cost	0.71
			Sum of Quantity	163
		EUSLO2007	Average of Cost	0.4
			Sum of Quantity	4
		EUSMB2008	Average of Cost	0.8
			Sum of Quantity	2
		EUSMM2008	Average of Cost	1.3
			Sum of Quantity	74
		EUSMV2008	Average of Cost	2.125
			Sum of Quantity	25
		EUSPB2008	Average of Cost	1.35			1.39
			Sum of Quantity	41			-30
		EUSPM2008	Average of Cost	1.75
			Sum of Quantity	1
		EUSXB2007	Average of Cost	0.49			0.45
			Sum of Quantity	37			-13
		EUSXL2007	Average of Cost	0.35
			Sum of Quantity	33
		EUSXM2007	Average of Cost	0.95
			Sum of Quantity	4
		OYNAD2009	Average of Cost	0.85
			Sum of Quantity	4
		OYNAV2009	Average of Cost	2.45			2.7
			Sum of Quantity	3			-5
		OYNMA2009	Average of Cost				0.45
			Sum of Quantity				-62
		OYNMB2009	Average of Cost	2
			Sum of Quantity	10
		OYNMD2009	Average of Cost	9.2
			Sum of Quantity	3
		YZKAC2010	Average of Cost				3
			Sum of Quantity				-10
	CDRT	ETFC	Average of Cost	11.1			11.14
			Sum of Quantity	3000			-14960
		EUSAB2008	Average of Cost	2.02
			Sum of Quantity	20

Exhibit 99.3, p. 18 of 60

Trade	Account	Symbol - cleaned	Data	Buy Transaction	Option Assignment	Option Exercise	Sell Transaction
		EUSAV2008	Average of Cost	0.9
			Sum of Quantity	10
		EUSLM2007	Average of Cost	1.15			1.15
			Sum of Quantity	20			-20
		EUSLN2007	Average of Cost				0.8
			Sum of Quantity				-2
		EUSMM2008	Average of Cost				1.4
			Sum of Quantity				-8
		EUSMV2008	Average of Cost	2.204
			Sum of Quantity	156
		EUSMW2008	Average of Cost	6.5
			Sum of Quantity	10
		EUSPB2008	Average of Cost	1.33
			Sum of Quantity	10
	CEFL	ETFC	Average of Cost	11.11144623			11.14325288
			Sum of Quantity	16093			-6700
11/1/2007	CDRG	ET608M	Average of Cost	15.587043
			Sum of Quantity	1150
		ETFC	Average of Cost	10.58533604			10.53377853
			Sum of Quantity	969933			-973103
		EUSAB2008	Average of Cost				1.67
			Sum of Quantity				-35
		EUSAC2008	Average of Cost				0.35
			Sum of Quantity				-5
		EUSAL2008	Average of Cost				2.25
			Sum of Quantity				-8
		EUSAM2008	Average of Cost	1.1625			1.125
			Sum of Quantity	58			-102
		EUSAV2008	Average of Cost	0.7
			Sum of Quantity	80
		EUSDB2008	Average of Cost				2.375
			Sum of Quantity				-12
		EUSDC2008	Average of Cost				0.716666667
			Sum of Quantity				-12
		EUSDJ2008	Average of Cost				4.2
			Sum of Quantity				-60
		EUSDL2008	Average of Cost	2.755			2.75
			Sum of Quantity	14			-10
		EUSDM2008	Average of Cost				1.825
			Sum of Quantity				-16
		EUSDT2008	Average of Cost				0.35
			Sum of Quantity				-2
		EUSLC2007	Average of Cost				0.15
			Sum of Quantity				-44
		EUSLM2007	Average of Cost	0.925
			Sum of Quantity	12
		EUSLN2007	Average of Cost	0.45			0.55
			Sum of Quantity	1			-5
		EUSMB2008	Average of Cost	0.85
			Sum of Quantity	2
		EUSML2008	Average of Cost	0.5			0.75
			Sum of Quantity	49			-25
		EUSMP2008	Average of Cost	3.7
			Sum of Quantity	7
		EUSMV2008	Average of Cost				2.6
			Sum of Quantity				-1
		EUSPN2008	Average of Cost	2.725
			Sum of Quantity	4
		EUSPP2008	Average of Cost				4.2
			Sum of Quantity				-34
		EUSPQ2008	Average of Cost				5.9
			Sum of Quantity				-18
		EUSXB2007	Average of Cost	0.65
			Sum of Quantity	125
		EUSXL2007	Average of Cost	0.3
			Sum of Quantity	80
		EUSXM2007	Average of Cost	1.2
			Sum of Quantity	20

Exhibit 99.3, p. 19 of 60

Trade

Account

Symbol -
cleaned

Data

Buy Transaction

Option

Assignment

Option Exercise

Sell Transaction

EUSXO2007

Average of Cost

2.7

Sum of Quantity

OYNAB2009

Average of Cost

3.2

Sum of Quantity

OYNAC2009

Average of Cost

1.7

Sum of Quantity

-1

OYNAU2009

Average of Cost

4.6

Sum of Quantity

-1

OYNMB2009

Average of Cost

2.3

Sum of Quantity

YZKAB2010

Average of Cost

4.5

Sum of Quantity

-1

YZKMB2010

Average of Cost

Sum of Quantity

-2

CDRT

ETFC

Average of Cost

10.3852

Sum of Quantity

27512

EUSAB2008

Average of Cost

1.615

Sum of Quantity

-4

EUSAL2008

Average of Cost

2.216

Sum of Quantity

-10

EUSAM2008

Average of Cost

1.154285714

Sum of Quantity

EUSAP2008

Average of Cost

0.42

Sum of Quantity

EUSAV2008

Average of Cost

0.7

Sum of Quantity

EUSDB2008

Average of Cost

2.3

Sum of Quantity

-25

EUSDM2008

Average of Cost

1.8

Sum of Quantity

-21

EUSDO2008

Average of Cost

1.15

Sum of Quantity

EUSDP2008

Average of Cost

0.95

Sum of Quantity

-19

EUSLB2007

Average of Cost

1.25

Sum of Quantity

-200

EUSLM2007

Average of Cost

0.9

Sum of Quantity

-50

EUSMC2008

Average of Cost

4.6

Sum of Quantity

EUSML2008

Average of Cost

0.63

Sum of Quantity

-20

EUSMM2008

Average of Cost

1.55

Sum of Quantity

100

EUSMP2008

Average of Cost

3.7

Sum of Quantity

EUSMQ2008

Average of Cost

5.7

Sum of Quantity

EUSMV2008

Average of Cost

2.533333333

Sum of Quantity

EUSPB2008

Average of Cost

1.6

Sum of Quantity

EUSPL2008

Average of Cost

1.12

Sum of Quantity

-10

EUSXL2007

Average of Cost

0.35

Sum of Quantity

EUSXN2007

Average of Cost

1.9

Sum of Quantity

CEFL

ETFC

Average of Cost

10.3997813

10.53829963

Sum of Quantity

34613

-775628

11/2/2007

CDRG

ETFC

Average of Cost

9.596551133

9.624007629

Sum of Quantity

2189014

-2116556

EUSAA2008

Average of Cost

4.65

Sum of Quantity

-12

EUSAB2008

Average of Cost

1.2

1.294545455

Sum of Quantity

-674

Exhibit 99.3, p. 20 of 60

Trade	Account	Symbol - cleaned	Data	Buy Transaction	Option Assignment	Option Exercise	Sell Transaction
		EUSAC2008	Average of Cost	0.25			0.29
			Sum of Quantity	12			-10
		EUSAL2008	Average of Cost	1.6			1.745
			Sum of Quantity	10			-171
		EUSAM2008	Average of Cost	0.853333333			0.916666667
			Sum of Quantity	42			-17
		EUSAP2008	Average of Cost	0.35			0.37
			Sum of Quantity	75			-58
		EUSAU2008	Average of Cost				2.6
			Sum of Quantity				-42
		EUSAV2008	Average of Cost	0.505555556			0.6
			Sum of Quantity	43			-1
		EUSDB2008	Average of Cost				1.816666667
			Sum of Quantity				-53
		EUSDC2008	Average of Cost	0.575			0.7
			Sum of Quantity	13			-44
		EUSDD2008	Average of Cost	0.25
			Sum of Quantity	9
		EUSDJ2008	Average of Cost	3.4			3.5
			Sum of Quantity	31			-20
		EUSDK2008	Average of Cost				2.9
			Sum of Quantity				-1
		EUSDL2008	Average of Cost	2.15			2.25625
			Sum of Quantity	6			-98
		EUSDM2008	Average of Cost	1.43125			1.505714286
			Sum of Quantity	160			-33
		EUSDN2008	Average of Cost	1.2
			Sum of Quantity	21
		EUSDO2008	Average of Cost	1
			Sum of Quantity	8
		EUSDP2008	Average of Cost	0.8
			Sum of Quantity	20
		EUSDQ2008	Average of Cost	0.55
			Sum of Quantity	2
		EUSDS2008	Average of Cost	0.35
			Sum of Quantity	26
		EUSDT2008	Average of Cost	0.3
			Sum of Quantity	30
		EUSLB2007	Average of Cost	0.75			0.875
			Sum of Quantity	2			-54
		EUSLK2007	Average of Cost	1.85
			Sum of Quantity	10
		EUSLL2007	Average of Cost	1.4			1.275
			Sum of Quantity	2			-15
		EUSLM2007	Average of Cost	0.68			0.45
			Sum of Quantity	172			-49
		EUSLN2007	Average of Cost	0.4
			Sum of Quantity	91
		EUSMA2008	Average of Cost				0.1
			Sum of Quantity				-174
		EUSMB2008	Average of Cost	1.54			1.5
			Sum of Quantity	33			-101
		EUSMC2008	Average of Cost	5.5
			Sum of Quantity	5
		EUSMD2008	Average of Cost				10.4
			Sum of Quantity				-1
		EUSML2008	Average of Cost	1.05			0.9
			Sum of Quantity	5			-50
		EUSMM2008	Average of Cost	2.1
			Sum of Quantity	2
		EUSMV2008	Average of Cost	3.183333333
			Sum of Quantity	28
		EUSPB2008	Average of Cost	1.92			1.796666667
			Sum of Quantity	40			-46
		EUSPJ2008	Average of Cost	0.6
			Sum of Quantity	1
		EUSPK2008	Average of Cost	1.05			1.1
			Sum of Quantity	80			-250

Exhibit 99.3, p. 21 of 60

Trade	Account	Symbol - cleaned	Data	Buy Transaction	Option Assignment	Option Exercise	Sell Transaction
		EUSPL2008	Average of Cost	1.6
			Sum of Quantity	50
		EUSPM2008	Average of Cost	2.675
			Sum of Quantity	40
		EUSPN2008	Average of Cost	3.3
			Sum of Quantity	1
		EUSPO2008	Average of Cost	4.1
			Sum of Quantity	8
		EUSWC2007	Average of Cost			15
			Sum of Quantity			-2
		EUSXB2007	Average of Cost	1.3			1.1
			Sum of Quantity	21			-52
		EUSXL2007	Average of Cost	0.683333333			0.75
			Sum of Quantity	22			-2
		EUSXN2007	Average of Cost	2.65
			Sum of Quantity	2
		OYNAA2009	Average of Cost				5.428571429
			Sum of Quantity				-413
		OYNAB2009	Average of Cost				2.98125
			Sum of Quantity				-46
		OYNAC2009	Average of Cost	1.55
			Sum of Quantity	13
		OYNAD2009	Average of Cost	0.783333333
			Sum of Quantity	61
		OYNAU2009	Average of Cost	3.8			4.014285714
			Sum of Quantity	2			-27
		OYNAV2009	Average of Cost	2.05			2.1
			Sum of Quantity	18			-13
		OYNMA2009	Average of Cost	0.575
			Sum of Quantity	27
		OYNMB2009	Average of Cost	2.65
			Sum of Quantity	2
		OYNMC2009	Average of Cost	6.1			6.5
			Sum of Quantity	9			-10
		OYNMU2009	Average of Cost	1.475			1.55
			Sum of Quantity	12			-38
		OYNMV2009	Average of Cost				4.6
			Sum of Quantity				-5
		YZKAD2010	Average of Cost	1.483333333
			Sum of Quantity	65
	CDRT	ETFC	Average of Cost	9.530590411
			Sum of Quantity	14600
		EUSAA2008	Average of Cost	4.5
			Sum of Quantity	1
		EUSAB2008	Average of Cost	1.09			1.14
			Sum of Quantity	60			-30
		EUSAL2008	Average of Cost				1.6925
			Sum of Quantity				-150
		EUSAV2008	Average of Cost				0.6
			Sum of Quantity				-30
		EUSDB2008	Average of Cost				1.85
			Sum of Quantity				-60
		EUSDK2008	Average of Cost	2.65			2.92
			Sum of Quantity	3			-10
		EUSDL2008	Average of Cost				2.255
			Sum of Quantity				-60
		EUSDM2008	Average of Cost	1.5
			Sum of Quantity	30
		EUSDN2008	Average of Cost	1.2
			Sum of Quantity	47
		EUSDO2008	Average of Cost	1
			Sum of Quantity	12
		EUSLB2007	Average of Cost	0.965
			Sum of Quantity	55
		EUSLL2007	Average of Cost				1.35
			Sum of Quantity				-65

Exhibit 99.3, p. 22 of 60

Trade	Account	Symbol - cleaned	Data	Buy Transaction	Option Assignment	Option Exercise	Sell Transaction
		EUSLN2007	Average of Cost	0.33
			Sum of Quantity	10
		EUSLP2007	Average of Cost				0.18
			Sum of Quantity				-10
		EUSMB2008	Average of Cost	1.42
			Sum of Quantity	10
		EUSMC2008	Average of Cost				5.56
			Sum of Quantity				-10
		EUSMM2008	Average of Cost	2.35
			Sum of Quantity	5
		EUSPB2008	Average of Cost				1.73
			Sum of Quantity				-30
		EUSPK2008	Average of Cost				1.1
			Sum of Quantity				-87
		EUSPM2008	Average of Cost	2.6875
			Sum of Quantity	50
		EUSXB2007	Average of Cost	1.4
			Sum of Quantity	4
		EUSXL2007	Average of Cost	0.65
			Sum of Quantity	11
		EUSXP2007	Average of Cost				4.45
			Sum of Quantity				-50
	CEFL	ET811F	Average of Cost	90
			Sum of Quantity	2700
		ETFC713BF	Average of Cost	80.5
			Sum of Quantity	2955
		ETFC715F	Average of Cost	80.5
			Sum of Quantity	1445
		ETFC	Average of Cost	9.592508676			9.536948752
			Sum of Quantity	36700			-565438
11/5/2007	CDRG	ETFC	Average of Cost	9.229753877			9.118073452
			Sum of Quantity	1474237			-1426092
		EUSAA2008	Average of Cost	4.5
			Sum of Quantity	25
		EUSAB2008	Average of Cost	1.1			1
			Sum of Quantity	40			-5
		EUSAC2008	Average of Cost	0.25			0.3
			Sum of Quantity	5			-1
		EUSAL2008	Average of Cost	1.486666667			1.55
			Sum of Quantity	64			-40
		EUSAM2008	Average of Cost	0.7
			Sum of Quantity	10
		EUSAV2008	Average of Cost	0.483333333			0.566666667
			Sum of Quantity	23			-111
		EUSDB2008	Average of Cost				1.85
			Sum of Quantity				-65
		EUSDC2008	Average of Cost	0.55
			Sum of Quantity	62
		EUSDL2008	Average of Cost				2.35
			Sum of Quantity				-1
		EUSDM2008	Average of Cost				1.4
			Sum of Quantity				-92
		EUSDN2008	Average of Cost	1.075			1.216666667
			Sum of Quantity	60			-50
		EUSDO2008	Average of Cost	0.855			0.85
			Sum of Quantity	15			-10
		EUSDP2008	Average of Cost				0.75
			Sum of Quantity				-50
		EUSLB2007	Average of Cost	0.707142857			0.716666667
			Sum of Quantity	268			-59
		EUSLK2007	Average of Cost	1.65			1.595
			Sum of Quantity	52			-62
		EUSLL2007	Average of Cost	1.17			1.15
			Sum of Quantity	14			-51
		EUSLM2007	Average of Cost	0.483333333			0.55
			Sum of Quantity	287			-1
		EUSLN2007	Average of Cost	0.29			0.35
			Sum of Quantity	161			-8

Exhibit 99.3, p. 23 of 60

Trade	Account	Symbol - cleaned	Data	Buy Transaction	Option Assignment	Option Exercise	Sell Transaction
		EUSLO2007	Average of Cost	0.25			0.24
			Sum of Quantity	4			-4
		EUSMA2008	Average of Cost				0.2
			Sum of Quantity				-93
		EUSMB2008	Average of Cost	1.65			1.6
			Sum of Quantity	252			-10
		EUSMC2008	Average of Cost	5.5
			Sum of Quantity	124
		EUSML2008	Average of Cost	1.2125			1.345
			Sum of Quantity	74			-45
		EUSMM2008	Average of Cost	2.5
			Sum of Quantity	13
		EUSMP2008	Average of Cost	5
			Sum of Quantity	1
		EUSMU2008	Average of Cost	0.525			0.65
			Sum of Quantity	123			-46
		EUSMV2008	Average of Cost	3.65			3.5
			Sum of Quantity	36			-3
		EUSMW2008	Average of Cost	7.966666667
			Sum of Quantity	226
		EUSPB2008	Average of Cost	2.1			2.45
			Sum of Quantity	28			-2
		EUSPL2008	Average of Cost	1.75			1.65
			Sum of Quantity	2			-11
		EUSPN2008	Average of Cost	3.4
			Sum of Quantity	4
		EUSPP2008	Average of Cost	5.3
			Sum of Quantity	10
		EUSXB2007	Average of Cost	1.353333333			1.483333333
			Sum of Quantity	47			-27
		EUSXJ2007	Average of Cost				0.3
			Sum of Quantity				-242
		EUSXK2007	Average of Cost	0.455			0.45
			Sum of Quantity	15			-8
		EUSXL2007	Average of Cost	0.84			0.975
			Sum of Quantity	214			-48
		OYNAA2009	Average of Cost	5.4
			Sum of Quantity	1
		OYNAB2009	Average of Cost	2.65
			Sum of Quantity	48
		OYNAC2009	Average of Cost				1.6
			Sum of Quantity				-11
		OYNAD2009	Average of Cost	0.8			0.9
			Sum of Quantity	11			-34
		OYNAE2009	Average of Cost				0.55
			Sum of Quantity				-10
		OYNAU2009	Average of Cost				3.8
			Sum of Quantity				-1
		OYNAV2009	Average of Cost	2			2.15
			Sum of Quantity	9			-37
		OYNMA2009	Average of Cost	0.75
			Sum of Quantity	22
		OYNMB2009	Average of Cost	2.95
			Sum of Quantity	21
		OYNMC2009	Average of Cost				6.8
			Sum of Quantity				-60
		OYNMU2009	Average of Cost	1.691666667
			Sum of Quantity	42
		YZKAB2010	Average of Cost				3.8
			Sum of Quantity				-15
		YZKAD2010	Average of Cost	1.5
			Sum of Quantity	6
	CDRT	ETFC	Average of Cost	9.147283084
			Sum of Quantity	7549
		EUSAB2008	Average of Cost	1.03
			Sum of Quantity	59

Exhibit 99.3, p. 24 of 60

Trade	Account	Symbol - cleaned	Data	Buy Transaction	Option Assignment	Option Exercise	Sell Transaction
		EUSAL2008	Average of Cost	1.4			1.566
			Sum of Quantity	70			-28
		EUSAM2008	Average of Cost	0.8125
			Sum of Quantity	8
		EUSAP2008	Average of Cost	0.32
			Sum of Quantity	15
		EUSAU2008	Average of Cost				2.415
			Sum of Quantity				-69
		EUSAV2008	Average of Cost	0.44
			Sum of Quantity	15
		EUSDB2008	Average of Cost				1.73
			Sum of Quantity				-15
		EUSDC2008	Average of Cost				0.66
			Sum of Quantity				-7
		EUSDD2008	Average of Cost	0.175
			Sum of Quantity	90
		EUSDJ2008	Average of Cost	3.35			3.18
			Sum of Quantity	5			-10
		EUSDO2008	Average of Cost	0.85			1
			Sum of Quantity	50			-68
		EUSDQ2008	Average of Cost	0.45
			Sum of Quantity	40
		EUSDR2008	Average of Cost	0.35
			Sum of Quantity	165
		EUSDS2008	Average of Cost	0.3
			Sum of Quantity	40
		EUSLB2007	Average of Cost	0.76			0.735
			Sum of Quantity	257			-105
		EUSLL2007	Average of Cost				1.165
			Sum of Quantity				-34
		EUSLM2007	Average of Cost	0.463333333			0.54
			Sum of Quantity	49			-28
		EUSLN2007	Average of Cost				0.28
			Sum of Quantity				-17
		EUSLO2007	Average of Cost				0.28
			Sum of Quantity				-6
		EUSMB2008	Average of Cost	1.81
			Sum of Quantity	22
		EUSML2008	Average of Cost	1.3
			Sum of Quantity	30
		EUSMM2008	Average of Cost	2.5
			Sum of Quantity	3
		EUSMU2008	Average of Cost	0.5875
			Sum of Quantity	140
		EUSMW2008	Average of Cost				8.11
			Sum of Quantity				-5
		EUSPB2008	Average of Cost				2.35
			Sum of Quantity				-20
		EUSPD2008	Average of Cost				10.76
			Sum of Quantity				-20
		EUSPK2008	Average of Cost	1.2			1.23
			Sum of Quantity	80			-40
		EUSPL2008	Average of Cost	1.7
			Sum of Quantity	80
		EUSPN2008	Average of Cost	3.79
			Sum of Quantity	40
		EUSPQ2008	Average of Cost				6.88
			Sum of Quantity				-40
		EUSXB2007	Average of Cost	1.583333333			1.48
			Sum of Quantity	30			-50
		EUSXJ2007	Average of Cost				0.25
			Sum of Quantity				-68
		EUSXL2007	Average of Cost	1.03			0.93
			Sum of Quantity	2			-50
		EUSXP2007	Average of Cost	4.57
			Sum of Quantity	10
		OYNAA2009	Average of Cost				5.55
			Sum of Quantity				-3

Exhibit 99.3, p. 25 of 60

Trade	Account	Symbol - cleaned	Data	Buy Transaction	Option Assignment	Option Exercise	Sell Transaction
		OYNAB2009	Average of Cost	2.73			2.71
			Sum of Quantity	175			-1
		OYNAD2009	Average of Cost	0.76			0.864285714
			Sum of Quantity	1			-54
		OYNAU2009	Average of Cost				3.83
			Sum of Quantity				-175
		OYNAV2009	Average of Cost	1.98			2.18
			Sum of Quantity	2			-10
		OYNMB2009	Average of Cost				3.23
			Sum of Quantity				-2
		OYNMC2009	Average of Cost	6.825
			Sum of Quantity	4
	CEFL	ETFC	Average of Cost	9.164532262			9.284053022
			Sum of Quantity	61970			-163451
11/6/2007	CDRG	ETFC	Average of Cost	9.256924074			9.1804443
			Sum of Quantity	954668			-875531
		EUSAB2008	Average of Cost	1.0125			1.145
			Sum of Quantity	55			-32
		EUSAE2008	Average of Cost	0.06			0.05
			Sum of Quantity	20			-20
		EUSAL2008	Average of Cost	1.5
			Sum of Quantity	5
		EUSAV2008	Average of Cost	0.425
			Sum of Quantity	4
		EUSDB2008	Average of Cost	1.75			1.7
			Sum of Quantity	10			-831
		EUSDC2008	Average of Cost	0.55			0.6
			Sum of Quantity	440			-22
		EUSDJ2008	Average of Cost	3.1
			Sum of Quantity	20
		EUSDM2008	Average of Cost	1.25
			Sum of Quantity	1
		EUSDN2008	Average of Cost	1.016666667
			Sum of Quantity	35
		EUSDP2008	Average of Cost				0.75
			Sum of Quantity				-24
		EUSLB2007	Average of Cost	0.65			0.6625
			Sum of Quantity	44			-190
		EUSLK2007	Average of Cost	1.75			1.8
			Sum of Quantity	43			-30
		EUSLL2007	Average of Cost				1.18
			Sum of Quantity				-102
		EUSLM2007	Average of Cost	0.4025			0.475
			Sum of Quantity	52			-325
		EUSLN2007	Average of Cost	0.3
			Sum of Quantity	1
		EUSLO2007	Average of Cost				0.2
			Sum of Quantity				-2
		EUSMB2008	Average of Cost	1.8
			Sum of Quantity	6
		EUSML2008	Average of Cost	1.15
			Sum of Quantity	10
		EUSMU2008	Average of Cost	0.55
			Sum of Quantity	12
		EUSPB2008	Average of Cost	2.175
			Sum of Quantity	35
		EUSPK2008	Average of Cost	1.2
			Sum of Quantity	1
		EUSPL2008	Average of Cost	1.675
			Sum of Quantity	134
		EUSPM2008	Average of Cost	2.8
			Sum of Quantity	1
		EUSPN2008	Average of Cost	3.8
			Sum of Quantity	1
		EUSWP2007	Average of Cost			14
			Sum of Quantity			-1208

Exhibit 99.3, p. 26 of 60

Trade	Account	Symbol - cleaned	Data	Buy Transaction	Option Assignment	Option Exercise	Sell Transaction
		EUSXB2007	Average of Cost	1.45
			Sum of Quantity	1
		EUSXL2007	Average of Cost	0.825			0.9
			Sum of Quantity	6			-2
		OYNAB2009	Average of Cost				2.711904762
			Sum of Quantity				-161
		OYNAD2009	Average of Cost				0.85
			Sum of Quantity				-5
		OYNAG2009	Average of Cost				0.25
			Sum of Quantity				-25
		OYNAU2009	Average of Cost	3.9			3.8
			Sum of Quantity	4			-1
		OYNMB2009	Average of Cost	2.95
			Sum of Quantity	7
		OYNMU2009	Average of Cost	1.678571429
			Sum of Quantity	151
		YZKAB2010	Average of Cost				4.1
			Sum of Quantity				-15
		YZKAC2010	Average of Cost	2.1			2.58125
			Sum of Quantity	11			-270
		YZKAD2010	Average of Cost	1.4
			Sum of Quantity	2
		YZKAE2010	Average of Cost	1
			Sum of Quantity	15
	CDRT	ETFC	Average of Cost	9.111456311
			Sum of Quantity	10300
		EUSAB2008	Average of Cost				1.1
			Sum of Quantity				-34
		EUSAC2008	Average of Cost				0.27
			Sum of Quantity				-2
		EUSAP2008	Average of Cost				0.32
			Sum of Quantity				-1
		EUSAQ2008	Average of Cost				0.22
			Sum of Quantity				-2
		EUSAV2008	Average of Cost				0.47
			Sum of Quantity				-1
		EUSDJ2008	Average of Cost				3.1
			Sum of Quantity				-10
		EUSLB2007	Average of Cost	0.78			0.8
			Sum of Quantity	5			-155
		EUSLK2007	Average of Cost	1.685			1.8
			Sum of Quantity	5			-40
		EUSLL2007	Average of Cost	1.01
			Sum of Quantity	10
		EUSLM2007	Average of Cost	0.37			0.4625
			Sum of Quantity	20			-120
		EUSML2008	Average of Cost				1.2
			Sum of Quantity				-70
		EUSMP2008	Average of Cost	5.12
			Sum of Quantity	25
		EUSWP2007	Average of Cost			14
			Sum of Quantity			-373
		EUSWQ2007	Average of Cost		16
			Sum of Quantity		18
		EUSXB2007	Average of Cost				1.4
			Sum of Quantity				-100
		EUSXL2007	Average of Cost	0.85
			Sum of Quantity	10
		EUSXM2007	Average of Cost	2.005
			Sum of Quantity	11
		EUSXP2007	Average of Cost	4.66
			Sum of Quantity	5
		OYNAB2009	Average of Cost				2.93
			Sum of Quantity				-5
	CEFL	ETFC	Average of Cost	9.276791667			9.196622662
			Sum of Quantity	4300			-23374
11/7/2007	CDRG	ETFC	Average of Cost	9.060808958			9.029368243
			Sum of Quantity	1057225			-1074320

Exhibit 99.3, p. 27 of 60

Trade	Account	Symbol - cleaned	Data	Buy Transaction	Option Assignment	Option Exercise	Sell Transaction
		EUSAB2008	Average of Cost	0.95			1.045
			Sum of Quantity	39			-21
		EUSAC2008	Average of Cost				0.25
			Sum of Quantity				-3
		EUSAL2008	Average of Cost	1.32
			Sum of Quantity	101
		EUSAM2008	Average of Cost	0.65
			Sum of Quantity	10
		EUSAV2008	Average of Cost	0.4			0.5
			Sum of Quantity	70			-2
		EUSAW2008	Average of Cost	0.105			0.1
			Sum of Quantity	78			-50
		EUSDB2008	Average of Cost	1.65			1.65
			Sum of Quantity	10			-2
		EUSDL2008	Average of Cost	2.05
			Sum of Quantity	10
		EUSDM2008	Average of Cost	1.2			1.3
			Sum of Quantity	11			-10
		EUSDN2008	Average of Cost	1			1.045
			Sum of Quantity	61			-30
		EUSDO2008	Average of Cost	0.75
			Sum of Quantity	3
		EUSLB2007	Average of Cost	0.6125			0.65
			Sum of Quantity	8			-12
		EUSLL2007	Average of Cost	1.016666667			1
			Sum of Quantity	30			-173
		EUSLM2007	Average of Cost	0.375			0.35
			Sum of Quantity	754			-11
		EUSLN2007	Average of Cost	0.2
			Sum of Quantity	3
		EUSLO2007	Average of Cost				0.2
			Sum of Quantity				-1
		EUSMA2008	Average of Cost	0.15			0.14
			Sum of Quantity	4			-4
		EUSMB2008	Average of Cost				1.9
			Sum of Quantity				-6
		EUSMF2008	Average of Cost	20.8		30
			Sum of Quantity	1		-1
		EUSML2008	Average of Cost	1.233333333
			Sum of Quantity	22
		EUSMP2008	Average of Cost	5			5.3
			Sum of Quantity	65			-1
		EUSMW2008	Average of Cost				8.6
			Sum of Quantity				-3
		EUSMX2008	Average of Cost	13.3		22.5
			Sum of Quantity	14		-14
		EUSPB2008	Average of Cost	2.255			2.25
			Sum of Quantity	15			-10
		EUSPJ2008	Average of Cost	0.75
			Sum of Quantity	3
		EUSPK2008	Average of Cost	1.233333333
			Sum of Quantity	8
		EUSXB2007	Average of Cost	1.45
			Sum of Quantity	9
		EUSXK2007	Average of Cost	0.5
			Sum of Quantity	30
		EUSXL2007	Average of Cost	0.925
			Sum of Quantity	22
		OYNAB2009	Average of Cost	2.6			2.75
			Sum of Quantity	6			-1
		OYNAD2009	Average of Cost	0.75
			Sum of Quantity	4
		OYNAU2009	Average of Cost	3.6
			Sum of Quantity	5
		OYNAV2009	Average of Cost				2.05
			Sum of Quantity				-3

Exhibit 99.3, p. 28 of 60

Trade	Account	Symbol - cleaned	Data	Buy Transaction	Option Assignment	Option Exercise	Sell Transaction
		OYNMA2009	Average of Cost				0.9
			Sum of Quantity				-3
		OYNMC2009	Average of Cost	6.6
			Sum of Quantity	6
		YZKAC2010	Average of Cost	2.3
			Sum of Quantity	8
		YZKAD2010	Average of Cost				1.9
			Sum of Quantity				-6
		YZKAF2010	Average of Cost	0.75
			Sum of Quantity	1
		YZKMC2010	Average of Cost	7.2
			Sum of Quantity	1
	CDRT	EUSAB2008	Average of Cost	0.92
			Sum of Quantity	10
		EUSAM2008	Average of Cost	0.685
			Sum of Quantity	50
		EUSAV2008	Average of Cost	0.42			0.49
			Sum of Quantity	30			-10
		EUSAW2008	Average of Cost	0.1
			Sum of Quantity	29
		EUSDB2008	Average of Cost				1.645
			Sum of Quantity				-20
		EUSDC2008	Average of Cost	0.54
			Sum of Quantity	10
		EUSDI2008	Average of Cost				3.8
			Sum of Quantity				-75
		EUSDK2008	Average of Cost				2.5
			Sum of Quantity				-2
		EUSDL2008	Average of Cost				2
			Sum of Quantity				-1
		EUSLB2007	Average of Cost	0.6325
			Sum of Quantity	66
		EUSLL2007	Average of Cost	1.05
			Sum of Quantity	43
		EUSLM2007	Average of Cost	0.3925
			Sum of Quantity	60
		EUSMQ2008	Average of Cost				7
			Sum of Quantity				-88
		EUSPM2008	Average of Cost	2.97
			Sum of Quantity	10
		EUSWC2007	Average of Cost		15
			Sum of Quantity		10
		EUSXJ2007	Average of Cost	0.22
			Sum of Quantity	10
		OYNMA2009	Average of Cost				0.82
			Sum of Quantity				-60
		OYNMB2009	Average of Cost	3.04
			Sum of Quantity	2
		OYNMU2009	Average of Cost	1.77
			Sum of Quantity	60
	CEFL	ETFC	Average of Cost	9.023230176			9.063820392
			Sum of Quantity	7761			-135207
11/8/2007	CDRG	ET608M	Average of Cost	12.5216
			Sum of Quantity	1500
		ETFC	Average of Cost	8.589304724			8.575362977
			Sum of Quantity	1623385			-1637554
		EUSAB2008	Average of Cost	0.8
			Sum of Quantity	11
		EUSAL2008	Average of Cost	1.1			1.045
			Sum of Quantity	21			-31
		EUSAV2008	Average of Cost	0.34			0.35
			Sum of Quantity	124			-85
		EUSAW2008	Average of Cost	0.11			0.125
			Sum of Quantity	19			-22
		EUSDB2008	Average of Cost	1.55			1.54
			Sum of Quantity	9			-9
		EUSDC2008	Average of Cost	0.5
			Sum of Quantity	4

Exhibit 99.3, p. 29 of 60

Trade	Account	Symbol - cleaned	Data	Buy Transaction	Option Assignment	Option Exercise	Sell Transaction
		EUSDD2008	Average of Cost	0.15
			Sum of Quantity	1
		EUSDJ2008	Average of Cost	2.65			2.75
			Sum of Quantity	4			-1
		EUSDK2008	Average of Cost				2.266666667
			Sum of Quantity				-24
		EUSDL2008	Average of Cost	1.7
			Sum of Quantity	5
		EUSDM2008	Average of Cost	1.114			1.15
			Sum of Quantity	54			-48
		EUSDN2008	Average of Cost	0.85
			Sum of Quantity	55
		EUSDQ2008	Average of Cost	0.4
			Sum of Quantity	4
		EUSLB2007	Average of Cost	0.436666667			0.523333333
			Sum of Quantity	73			-83
		EUSLK2007	Average of Cost	1.175
			Sum of Quantity	7
		EUSLL2007	Average of Cost	0.8375			0.796666667
			Sum of Quantity	30			-25
		EUSLN2007	Average of Cost				0.25
			Sum of Quantity				-2
		EUSMA2008	Average of Cost	0.2
			Sum of Quantity	50
		EUSMB2008	Average of Cost	2.2			2.45
			Sum of Quantity	3			-1
		EUSMD2008	Average of Cost				11.6
			Sum of Quantity				-2
		EUSMP2008	Average of Cost				5.5
			Sum of Quantity				-3
		EUSMU2008	Average of Cost				0.7
			Sum of Quantity				-44
		EUSMV2008	Average of Cost	4			4.2
			Sum of Quantity	11			-1
		EUSMX2008	Average of Cost				13.8
			Sum of Quantity				-4
		EUSPB2008	Average of Cost	2.55
			Sum of Quantity	16
		EUSPJ2008	Average of Cost				1.05
			Sum of Quantity				-11
		EUSPO2008	Average of Cost	5.15			5.19
			Sum of Quantity	15			-12
		EUSPQ2008	Average of Cost				7.7
			Sum of Quantity				-2
		EUSWO2007	Average of Cost			13
			Sum of Quantity			-485
		EUSXJ2007	Average of Cost	0.35			0.35
			Sum of Quantity	1			-2
		EUSXK2007	Average of Cost				0.783333333
			Sum of Quantity				-12
		EUSXL2007	Average of Cost	1.216666667			1.27
			Sum of Quantity	43			-56
		OYNAA2009	Average of Cost				5
			Sum of Quantity				-9
		OYNAB2009	Average of Cost	2.45			2.6
			Sum of Quantity	12			-4
		OYNAC2009	Average of Cost				1.45
			Sum of Quantity				-2
		OYNAD2009	Average of Cost	0.75			0.9
			Sum of Quantity	22			-1
		OYNAE2009	Average of Cost	0.4
			Sum of Quantity	11
		OYNAU2009	Average of Cost				3.633333333
			Sum of Quantity				-5
		OYNAV2009	Average of Cost				2.1
			Sum of Quantity				-11

Exhibit 99.3, p. 30 of 60

Trade	Account	Symbol - cleaned	Data	Buy Transaction	Option Assignment	Option Exercise	Sell Transaction
		OYNMA2009	Average of Cost	0.89
			Sum of Quantity	49
		OYNMB2009	Average of Cost	3.35
			Sum of Quantity	20
		OYNMU2009	Average of Cost	2.025
			Sum of Quantity	24
		YZKAB2010	Average of Cost	3.38
			Sum of Quantity	43
		YZKAD2010	Average of Cost				1.95
			Sum of Quantity				-8
	CDRT	ETFC	Average of Cost				8.284533333
			Sum of Quantity				-7500
		EUSAB2008	Average of Cost	0.8
			Sum of Quantity	12
		EUSAL2008	Average of Cost	1.1
			Sum of Quantity	7
		EUSAU2008	Average of Cost				2
			Sum of Quantity				-18
		EUSDO2008	Average of Cost	0.75
			Sum of Quantity	10
		EUSLB2007	Average of Cost	0.43
			Sum of Quantity	32
		EUSLK2007	Average of Cost				1.3
			Sum of Quantity				-5
		EUSMB2008	Average of Cost	2.2			2.07
			Sum of Quantity	3			-2
		EUSML2008	Average of Cost				1.43
			Sum of Quantity				-11
		EUSMV2008	Average of Cost	4.01
			Sum of Quantity	16
		EUSPK2008	Average of Cost				1.58
			Sum of Quantity				-10
		EUSPP2008	Average of Cost				5.65
			Sum of Quantity				-2
		EUSWO2007	Average of Cost		13
			Sum of Quantity		8
		EUSXB2007	Average of Cost	1.85
			Sum of Quantity	8
		EUSXL2007	Average of Cost				1.1
			Sum of Quantity				-2
		OYNAA2009	Average of Cost				4.835
			Sum of Quantity				-11
		OYNAV2009	Average of Cost	1.86
			Sum of Quantity	10
	CEFL	ETFC	Average of Cost	8.600822315			8.675144431
			Sum of Quantity	26724			-117126
11/9/2007	CDRG	ET608M	Average of Cost	12.346			12.646
			Sum of Quantity	250			-100
		ETFC	Average of Cost	8.497654331			8.352075364
			Sum of Quantity	1649075			-1555794
		EUSAB2008	Average of Cost	0.7375			0.9
			Sum of Quantity	35			-34
		EUSAC2008	Average of Cost	0.2			0.196666667
			Sum of Quantity	19			-39
		EUSAL2008	Average of Cost	0.95
			Sum of Quantity	25
		EUSAM2008	Average of Cost	0.55			0.6
			Sum of Quantity	1457			-2
		EUSAU2008	Average of Cost	1.65			1.6
			Sum of Quantity	20			-3
		EUSAV2008	Average of Cost	0.3
			Sum of Quantity	1
		EUSDB2008	Average of Cost	1.325			1.55
			Sum of Quantity	9			-4
		EUSDC2008	Average of Cost				0.5875
			Sum of Quantity				-59
		EUSDD2008	Average of Cost	0.2
			Sum of Quantity	2

Exhibit 99.3, p. 31 of 60

Trade	Account	Symbol - cleaned	Data	Buy Transaction	Option Assignment	Option Exercise	Sell Transaction
		EUSDJ2008	Average of Cost				2.6
			Sum of Quantity				-38
		EUSDK2008	Average of Cost	1.95			2.033333333
			Sum of Quantity	1			-23
		EUSDL2008	Average of Cost				1.8
			Sum of Quantity				-32
		EUSDM2008	Average of Cost	1.125
			Sum of Quantity	32
		EUSDN2008	Average of Cost	0.8			1.1
			Sum of Quantity	80			-56
		EUSDO2008	Average of Cost	0.66
			Sum of Quantity	192
		EUSLB2007	Average of Cost	0.422			0.505555556
			Sum of Quantity	73			-487
		EUSLJ2007	Average of Cost	1.95
			Sum of Quantity	9
		EUSLK2007	Average of Cost	1.05
			Sum of Quantity	3
		EUSLL2007	Average of Cost	0.7			0.87
			Sum of Quantity	3			-451
		EUSLM2007	Average of Cost	0.25
			Sum of Quantity	42
		EUSLN2007	Average of Cost				0.2
			Sum of Quantity				-188
		EUSMA2008	Average of Cost	0.250322581			0.263333333
			Sum of Quantity	82			-65
		EUSMB2008	Average of Cost	2.315714286			2.27
			Sum of Quantity	130			-116
		EUSMD2008	Average of Cost				11.5
			Sum of Quantity				-2
		EUSMF2008	Average of Cost	21.8		30
			Sum of Quantity	4		-4
		EUSML2008	Average of Cost				1.5
			Sum of Quantity				-2
		EUSMP2008	Average of Cost	5.706666667			5.7
			Sum of Quantity	48			-40
		EUSMU2008	Average of Cost	0.8			1
			Sum of Quantity	1			-50
		EUSPC2008	Average of Cost	7
			Sum of Quantity	1
		EUSPD2008	Average of Cost				12
			Sum of Quantity				-2
		EUSPI2008	Average of Cost	0.7
			Sum of Quantity	105
		EUSPK2008	Average of Cost	1.65
			Sum of Quantity	3
		EUSPL2008	Average of Cost				2.2
			Sum of Quantity				-3
		EUSPM2008	Average of Cost	3.6
			Sum of Quantity	2
		EUSXJ2007	Average of Cost	0.5			0.45
			Sum of Quantity	2			-12
		EUSXK2007	Average of Cost	0.826666667			0.85
			Sum of Quantity	1506			-41
		EUSXL2007	Average of Cost				1.525
			Sum of Quantity				-4
		OYNAB2009	Average of Cost				2.6
			Sum of Quantity				-61
		OYNAC2009	Average of Cost	1.4
			Sum of Quantity	9
		OYNAF2009	Average of Cost	0.325
			Sum of Quantity	299
		OYNAU2009	Average of Cost				3.5
			Sum of Quantity				-1
		OYNAV2009	Average of Cost	1.8			2.1
			Sum of Quantity	5			-1

Exhibit 99.3, p. 32 of 60

Trade	Account	Symbol - cleaned	Data	Buy Transaction	Option Assignment	Option Exercise	Sell Transaction
		OYNMA2009	Average of Cost	0.95			1.25
			Sum of Quantity	11			-15
		OYNMU2009	Average of Cost	2.175
			Sum of Quantity	11
		OYNMV2009	Average of Cost	5.66
			Sum of Quantity	33
		YZKAB2010	Average of Cost	3.1			3.7
			Sum of Quantity	10			-23
		YZKAC2010	Average of Cost	2.1
			Sum of Quantity	1
		YZKMB2010	Average of Cost	4.2
			Sum of Quantity	6
	CDRT	EUSAB2008	Average of Cost	0.74			0.85
			Sum of Quantity	19			-83
		EUSAL2008	Average of Cost	0.98
			Sum of Quantity	8
		EUSAM2008	Average of Cost	0.55			0.58
			Sum of Quantity	293			-40
		EUSDB2008	Average of Cost	1.385			1.35
			Sum of Quantity	20			-4
		EUSDJ2008	Average of Cost	2.41
			Sum of Quantity	10
		EUSDN2008	Average of Cost	0.8
			Sum of Quantity	51
		EUSLB2007	Average of Cost	0.42			0.5
			Sum of Quantity	30			-100
		EUSLL2007	Average of Cost	0.65			0.675
			Sum of Quantity	160			-25
		EUSLN2007	Average of Cost	0.15
			Sum of Quantity	22
		EUSMA2008	Average of Cost	0.23
			Sum of Quantity	10
		EUSMB2008	Average of Cost	2
			Sum of Quantity	5
		EUSML2008	Average of Cost	1.7125			1.88
			Sum of Quantity	41			-20
		EUSPK2008	Average of Cost	1.69			1.75
			Sum of Quantity	10			-14
		EUSWO2007	Average of Cost		13
			Sum of Quantity		25
		EUSXJ2007	Average of Cost				0.415
			Sum of Quantity				-20
		EUSXK2007	Average of Cost	0.85			0.95
			Sum of Quantity	37			-75
		EUSXM2007	Average of Cost				3
			Sum of Quantity				-20
		EUSXO2007	Average of Cost				5
			Sum of Quantity				-7
		EUSXP2007	Average of Cost	5.2
			Sum of Quantity	1
		OYNAA2009	Average of Cost				4.45
			Sum of Quantity				-5
		OYNAU2009	Average of Cost				3.59
			Sum of Quantity				-5
	CEFL	ETFC	Average of Cost	8.324314106			8.718764016
			Sum of Quantity	28799			-68264
11/12/2007	CDRG	ET608M	Average of Cost	6.901059625			6.6444495
			Sum of Quantity	7576			-10012
		ETFC	Average of Cost	4.088035293			4.004714221
			Sum of Quantity	14792729			-14636752
		EUSAA2008	Average of Cost	0.875			0.870810811
			Sum of Quantity	89			-614
		EUSAB2008	Average of Cost				0.3
			Sum of Quantity				-24
		EUSAC2008	Average of Cost	0.1			0.106666667
			Sum of Quantity	37			-37
		EUSAG2008	Average of Cost				1.5
			Sum of Quantity				-6

Exhibit 99.3, p. 33 of 60

Trade	Account	Symbol - cleaned	Data	Buy Transaction	Option ssignment	Option Exercise	Sell Transaction
		EUSAL2008	Average of Cost	0.1			0.275
			Sum of Quantity	20			-18
		EUSAM2008	Average of Cost				0.2
			Sum of Quantity				-11
		EUSAP2008	Average of Cost				0.15
			Sum of Quantity				-8
		EUSAU2008	Average of Cost				0.475
			Sum of Quantity				-170
		EUSAV2008	Average of Cost	0.066666667
			Sum of Quantity	36
		EUSDB2008	Average of Cost				0.45
			Sum of Quantity				-3
		EUSDC2008	Average of Cost				0.2
			Sum of Quantity				-6
		EUSDI2008	Average of Cost	0.825			0.9876
			Sum of Quantity	296			-222
		EUSDJ2008	Average of Cost	0.725			0.75
			Sum of Quantity	98			-7
		EUSDK2008	Average of Cost	0.55			0.658333333
			Sum of Quantity	19			-26
		EUSDL2008	Average of Cost				0.591666667
			Sum of Quantity				-27
		EUSDM2008	Average of Cost				0.325
			Sum of Quantity				-6
		EUSDN2008	Average of Cost				0.375
			Sum of Quantity				-12
		EUSDO2008	Average of Cost	0.15
			Sum of Quantity	2
		EUSDP2008	Average of Cost				0.216666667
			Sum of Quantity				-14
		EUSDQ2008	Average of Cost				0.15
			Sum of Quantity				-4
		EUSLB2007	Average of Cost				0.1
			Sum of Quantity				-203
		EUSLJ2007	Average of Cost	0.25			0.35625
			Sum of Quantity	39			-164
		EUSLK2007	Average of Cost				0.216666667
			Sum of Quantity				-74
		EUSLL2007	Average of Cost	0.1			0.25
			Sum of Quantity	1			-11
		EUSLM2007	Average of Cost	0.05
			Sum of Quantity	11
		EUSLN2007	Average of Cost				0.1
			Sum of Quantity				-48
		EUSLO2007	Average of Cost				0.05
			Sum of Quantity				-9
		EUSLP2007	Average of Cost	0.1			0.095
			Sum of Quantity	17			-22
		EUSMA2008	Average of Cost	1.839423077			1.139375
			Sum of Quantity	827			-226
		EUSMB2008	Average of Cost				5.366666667
			Sum of Quantity				-7
		EUSMC2008	Average of Cost	9.2			11.02857143
			Sum of Quantity	1			-48
		EUSMD2008	Average of Cost	15.2	20		15.895
			Sum of Quantity	41	452		-44
		EUSME2008	Average of Cost		25
			Sum of Quantity		2
		EUSML2008	Average of Cost				5.64
			Sum of Quantity				-32
		EUSMP2008	Average of Cost				10.4
			Sum of Quantity				-42
		EUSMQ2008	Average of Cost				12.5
			Sum of Quantity				-10
		EUSMU2008	Average of Cost				4.1
			Sum of Quantity				-1

Exhibit 99.3, p. 34 of 60

Trade	Account	Symbol - cleaned	Data	Buy Transaction	Option Assignment	Option Exercise	Sell Transaction
		EUSMV2008	Average of Cost	7.85			8.7
			Sum of Quantity	9			-2
		EUSMW2008	Average of Cost			17.5	13.25
			Sum of Quantity			-593	-6
		EUSMX2008	Average of Cost		22.5
			Sum of Quantity		4
		EUSPB2008	Average of Cost	6.057142857			6.4
			Sum of Quantity	68			-1
		EUSPD2008	Average of Cost			20
			Sum of Quantity			-14
		EUSPI2008	Average of Cost	2.991666667			2.375
			Sum of Quantity	51			-29
		EUSPJ2008	Average of Cost	3.5
			Sum of Quantity	7
		EUSPK2008	Average of Cost	4.18
			Sum of Quantity	264
		EUSPL2008	Average of Cost				4.2
			Sum of Quantity				-1
		EUSPM2008	Average of Cost				7.6
			Sum of Quantity				-5
		EUSPN2008	Average of Cost	6.7
			Sum of Quantity	5
		EUSPO2008	Average of Cost				9.4
			Sum of Quantity				-1
		EUSPQ2008	Average of Cost			16
			Sum of Quantity			-5
		EUSPR2008	Average of Cost			17
			Sum of Quantity			-1
		EUSPT2008	Average of Cost		19
			Sum of Quantity		29
		EUSWB2007	Average of Cost			10
			Sum of Quantity			-353
		EUSWK2007	Average of Cost		8
			Sum of Quantity		25
		EUSWL2007	Average of Cost		9
			Sum of Quantity		125
		EUSWM2007	Average of Cost			11
			Sum of Quantity			-346
		EUSWN2007	Average of Cost		12
			Sum of Quantity		71
		EUSWP2007	Average of Cost			14
			Sum of Quantity			-7
		EUSXB2007	Average of Cost	6.1			6.4
			Sum of Quantity	100			-42
		EUSXJ2007	Average of Cost	3.20952381			2.341666667
			Sum of Quantity	153			-49
		EUSXK2007	Average of Cost	4.1			4
			Sum of Quantity	63			-19
		EUSXL2007	Average of Cost	5.133333333			4.98
			Sum of Quantity	128			-10
		EUSXM2007	Average of Cost				7.5
			Sum of Quantity				-4
		OYNAA2009	Average of Cost				1.978125
			Sum of Quantity				-291
		OYNAB2009	Average of Cost	0.8			1.003846154
			Sum of Quantity	54			-128
		OYNAC2009	Average of Cost	0.515217391			0.675
			Sum of Quantity	321			-54
		OYNAD2009	Average of Cost	0.33			0.49375
			Sum of Quantity	57			-113
		OYNAF2009	Average of Cost				0.3
			Sum of Quantity				-20
		OYNAU2009	Average of Cost	0.976470588			1.615
			Sum of Quantity	288			-110
		OYNAV2009	Average of Cost	0.525			0.788888889
			Sum of Quantity	7			-80
		OYNMA2009	Average of Cost	2.515151515
			Sum of Quantity	303

Exhibit 99.3, p. 35 of 60

Trade	Account	Symbol - cleaned	Data	Buy Transaction	Option Assignment	Option Exercise	Sell Transaction
		OYNMB2009	Average of Cost	6.533333333			6.4
			Sum of Quantity	11			-29
		OYNMC2009	Average of Cost	11			11.5
			Sum of Quantity	30			-14
		OYNMD2009	Average of Cost	13.7	20		16.4
			Sum of Quantity	5	85		-16
		OYNME2009	Average of Cost		25
			Sum of Quantity		41
		OYNMU2009	Average of Cost	4.6			3.5
			Sum of Quantity	3			-40
		YZKAB2010	Average of Cost	1.3			1.65
			Sum of Quantity	31			-4
		YZKAC2010	Average of Cost	1.1			1.35
			Sum of Quantity	33			-17
		YZKAD2010	Average of Cost	1
			Sum of Quantity	11
		YZKMB2010	Average of Cost				6.1
			Sum of Quantity				-11
	CDRT	EUSAA2008	Average of Cost	0.815			0.89
			Sum of Quantity	260			-381
		EUSAB2008	Average of Cost	0.165
			Sum of Quantity	12
		EUSAL2008	Average of Cost				0.23
			Sum of Quantity				-10
		EUSAU2008	Average of Cost	0.36			0.37
			Sum of Quantity	235			-10
		EUSDB2008	Average of Cost				0.375
			Sum of Quantity				-5
		EUSDC2008	Average of Cost				0.15
			Sum of Quantity				-10
		EUSDI2008	Average of Cost				0.93375
			Sum of Quantity				-81
		EUSDJ2008	Average of Cost	0.65			0.7
			Sum of Quantity	10			-44
		EUSDK2008	Average of Cost	0.5			0.6
			Sum of Quantity	80			-5
		EUSDL2008	Average of Cost				0.45
			Sum of Quantity				-14
		EUSDO2008	Average of Cost				0.2
			Sum of Quantity				-3
		EUSLJ2007	Average of Cost	0.26			0.3
			Sum of Quantity	39			-30
		EUSLK2007	Average of Cost				0.25
			Sum of Quantity				-14
		EUSMA2008	Average of Cost	1.852826087			1.81
			Sum of Quantity	407			-64
		EUSMD2008	Average of Cost		20
			Sum of Quantity		73
		EUSML2008	Average of Cost	5.18
			Sum of Quantity	10
		EUSMV2008	Average of Cost	8.913333333			8.79
			Sum of Quantity	10			-67
		EUSMW2008	Average of Cost			17.5
			Sum of Quantity			-385
		EUSMX2008	Average of Cost		22.5
			Sum of Quantity		5
		EUSPB2008	Average of Cost				6.3
			Sum of Quantity				-19
		EUSPD2008	Average of Cost		20
			Sum of Quantity		9
		EUSPI2008	Average of Cost	3			3.13
			Sum of Quantity	280			-1
		EUSPK2008	Average of Cost	4.3
			Sum of Quantity	250
		EUSPL2008	Average of Cost	5.69
			Sum of Quantity	40

Exhibit 99.3, p. 36 of 60

Trade	Account	Symbol - cleaned	Data	Buy Transaction	Option Assignment	Option Exercise	Sell Transaction
		EUSPN2008	Average of Cost	8.58			8.133333333
			Sum of Quantity	17			-10
		EUSPO2008	Average of Cost				9.2
			Sum of Quantity				-15
		EUSPQ2008	Average of Cost		16
			Sum of Quantity		23
		EUSWB2007	Average of Cost			10
			Sum of Quantity			-258
		EUSWM2007	Average of Cost			11
			Sum of Quantity			-349
		EUSWN2007	Average of Cost		12
			Sum of Quantity		50
		EUSWO2007	Average of Cost		13
			Sum of Quantity		28
		EUSXB2007	Average of Cost	6.45
			Sum of Quantity	20
		EUSXJ2007	Average of Cost	3.6
			Sum of Quantity	9
		EUSXK2007	Average of Cost	4.5025
			Sum of Quantity	26
		EUSXL2007	Average of Cost	5.42			5.59
			Sum of Quantity	20			-40
		EUSXM2007	Average of Cost	7.42			7.48
			Sum of Quantity	10			-8
		EUSXN2007	Average of Cost				8.43
			Sum of Quantity				-10
		EUSXO2007	Average of Cost	9.5	13
			Sum of Quantity	2	15
		EUSXP2007	Average of Cost	10.345	14
			Sum of Quantity	6	45
		OYNAA2009	Average of Cost				1.76
			Sum of Quantity				-31
		OYNAB2009	Average of Cost	1.075			1
			Sum of Quantity	6			-1
		OYNAD2009	Average of Cost	0.24
			Sum of Quantity	1
		OYNAU2009	Average of Cost	0.93
			Sum of Quantity	2
		OYNAV2009	Average of Cost	0.7
			Sum of Quantity	1
	CEFL	ETFC	Average of Cost	3.73727783			3.867275089
			Sum of Quantity	9792594			-135141
11/13/2007	CDRG	ET608M	Average of Cost	7.605251778			7.508634091
			Sum of Quantity	31814			-33004
		ETFC	Average of Cost	4.577450981			4.427643944
			Sum of Quantity	16034348			-15819664
		EUSAA2008	Average of Cost	1.213066667			1.171060606
			Sum of Quantity	1727			-1909
		EUSAB2008	Average of Cost	0.25			0.321428571
			Sum of Quantity	70			-187
		EUSAC2008	Average of Cost	0.05
			Sum of Quantity	153
		EUSAG2008	Average of Cost	2.2			2.069230769
			Sum of Quantity	20			-147
		EUSAH2008	Average of Cost	1.642307692			1.472962963
			Sum of Quantity	72			-513
		EUSAI2008	Average of Cost	0.965625			0.878181818
			Sum of Quantity	309			-489
		EUSAL2008	Average of Cost	0.388125			0.433333333
			Sum of Quantity	172			-214
		EUSAM2008	Average of Cost	0.25			0.26
			Sum of Quantity	2			-64
		EUSAP2008	Average of Cost	0.083333333
			Sum of Quantity	15
		EUSAU2008	Average of Cost	0.627777778			0.573333333
			Sum of Quantity	389			-1083
		EUSAV2008	Average of Cost	0.19			0.166666667
			Sum of Quantity	72			-76

Exhibit 99.3, p. 37 of 60

Trade	Account	Symbol - cleaned	Data	Buy Transaction	Option Assignment	Option Exercise	Sell Transaction
		EUSDA2008	Average of Cost	1.44625			1.502380952
			Sum of Quantity	570			-208
		EUSDB2008	Average of Cost	0.5125			0.544444444
			Sum of Quantity	45			-172
		EUSDC2008	Average of Cost	0.116666667			0.15
			Sum of Quantity	75			-4
		EUSDG2008	Average of Cost	2.375			2.1835
			Sum of Quantity	30			-144
		EUSDH2008	Average of Cost	1.74			1.908636364
			Sum of Quantity	289			-290
		EUSDI2008	Average of Cost	1.098666667			1.230465116
			Sum of Quantity	619			-526
		EUSDJ2008	Average of Cost	0.930769231			0.995882353
			Sum of Quantity	349			-274
		EUSDK2008	Average of Cost				0.786363636
			Sum of Quantity				-44
		EUSDL2008	Average of Cost	0.57			0.648
			Sum of Quantity	27			-49
		EUSDM2008	Average of Cost	0.4			0.4
			Sum of Quantity	26			-18
		EUSDN2008	Average of Cost	0.2875			0.326
			Sum of Quantity	90			-92
		EUSDO2008	Average of Cost	0.25
			Sum of Quantity	26
		EUSDQ2008	Average of Cost	0.1			0.15
			Sum of Quantity	8			-54
		EUSLA2007	Average of Cost	0.928860759			0.85625
			Sum of Quantity	1165			-1350
		EUSLB2007	Average of Cost	0.125			0.148
			Sum of Quantity	22			-44
		EUSLG2007	Average of Cost	2.006666667			1.826206897
			Sum of Quantity	257			-246
		EUSLH2007	Average of Cost	1.099836066			1.2575
			Sum of Quantity	1109			-2045
		EUSLI2007	Average of Cost	0.666666667			0.644054054
			Sum of Quantity	196			-1931
		EUSLJ2007	Average of Cost	0.361052632			0.460555556
			Sum of Quantity	1415			-221
		EUSLK2007	Average of Cost				0.23125
			Sum of Quantity				-143
		EUSLL2007	Average of Cost	0.2			0.208333333
			Sum of Quantity	11			-118
		EUSLM2007	Average of Cost				0.1
			Sum of Quantity				-10
		EUSLN2007	Average of Cost	0.05			0.1
			Sum of Quantity	10			-24
		EUSMA2008	Average of Cost	1.617826087			1.68625
			Sum of Quantity	337			-86
		EUSMB2008	Average of Cost	5.8775			5.933333333
			Sum of Quantity	44			-74
		EUSMC2008	Average of Cost	9.9			10
			Sum of Quantity	1			-6
		EUSMD2008	Average of Cost		20	20
			Sum of Quantity		102	-6
		EUSME2008	Average of Cost		25
			Sum of Quantity		3
		EUSMG2008	Average of Cost	0.532857143			0.5625
			Sum of Quantity	201			-56
		EUSMH2008	Average of Cost	1.0855			0.99
			Sum of Quantity	476			-68
		EUSMI2008	Average of Cost	2.025			2.2
			Sum of Quantity	53			-2
		EUSML2008	Average of Cost	5			5.3
			Sum of Quantity	11			-3
		EUSMM2008	Average of Cost				6.7
			Sum of Quantity				-17

Exhibit 99.3, p. 38 of 60

Trade	Account	Symbol - cleaned	Data	Buy Transaction	Option Assignment	Option Exercise	Sell Transaction
		EUSMP2008	Average of Cost	9.7			9.5
			Sum of Quantity	4			-2
		EUSMU2008	Average of Cost	3.6
			Sum of Quantity	16
		EUSMV2008	Average of Cost	8.033333333			8.7
			Sum of Quantity	62			-44
		EUSMW2008	Average of Cost	12.7
			Sum of Quantity	10
		EUSPA2008	Average of Cost	1.893333333			1.725
			Sum of Quantity	60			-40
		EUSPB2008	Average of Cost				6.4
			Sum of Quantity				-6
		EUSPG2008	Average of Cost	0.85			0.72027027
			Sum of Quantity	26			-580
		EUSPH2008	Average of Cost	1.4625			1.1875
			Sum of Quantity	25			-66
		EUSPI2008	Average of Cost	2.9			2.42
			Sum of Quantity	38			-217
		EUSPJ2008	Average of Cost	3.35
			Sum of Quantity	25
		EUSPK2008	Average of Cost	4.3
			Sum of Quantity	3
		EUSPL2008	Average of Cost				5.3375
			Sum of Quantity				-148
		EUSPM2008	Average of Cost	6.3			6.4
			Sum of Quantity	11			-1
		EUSPO2008	Average of Cost	9
			Sum of Quantity	5
		EUSPP2008	Average of Cost				10.1
			Sum of Quantity				-1
		EUSWK2007	Average of Cost		8
			Sum of Quantity		25
		EUSWL2007	Average of Cost		9
			Sum of Quantity		25
		EUSWO2007	Average of Cost		13
			Sum of Quantity		11
		EUSXA2007	Average of Cost	1.179166667			1.285
			Sum of Quantity	644			-57
		EUSXB2007	Average of Cost	5.725			5.5725
			Sum of Quantity	125			-94
		EUSXG2007	Average of Cost	0.344761905			0.3856
			Sum of Quantity	614			-945
		EUSXH2007	Average of Cost	0.732068966			0.695
			Sum of Quantity	564			-296
		EUSXI2007	Average of Cost	1.666666667
			Sum of Quantity	55
		EUSXJ2007	Average of Cost	2.883333333			2.866666667
			Sum of Quantity	26			-16
		EUSXK2007	Average of Cost	4			3.1
			Sum of Quantity	4			-7
		EUSXL2007	Average of Cost	4.642			4.648333333
			Sum of Quantity	74			-77
		EUSXM2007	Average of Cost	6.562			6.433333333
			Sum of Quantity	32			-23
		OYNAA2009	Average of Cost	2.019047619			1.924390244
			Sum of Quantity	507			-510
		OYNAB2009	Average of Cost				0.975517241
			Sum of Quantity				-514
		OYNAC2009	Average of Cost	0.4			0.5
			Sum of Quantity	3			-61
		OYNAD2009	Average of Cost				0.316666667
			Sum of Quantity				-113
		OYNAE2009	Average of Cost				0.275
			Sum of Quantity				-36
		OYNAF2009	Average of Cost				0.2
			Sum of Quantity				-1
		OYNAU2009	Average of Cost	1.116			1.353846154
			Sum of Quantity	646			-142

Exhibit 99.3, p. 39 of 60

Trade	Account	Symbol - cleaned	Data	Buy Transaction	Option Assignment	Option Exercise	Sell Transaction
		OYNAV2009	Average of Cost				0.782222222
			Sum of Quantity				-118
		OYNAZ2009	Average of Cost				3.004761905
			Sum of Quantity				-157
		OYNMA2009	Average of Cost	2.198148148			2.05
			Sum of Quantity	481			-21
		OYNMB2009	Average of Cost	5.9
			Sum of Quantity	8
		OYNMC2009	Average of Cost	10.3
			Sum of Quantity	2
		OYNMD2009	Average of Cost	15.35	20
			Sum of Quantity	22	25
		OYNME2009	Average of Cost		25
			Sum of Quantity		8
		OYNMU2009	Average of Cost				3.9
			Sum of Quantity				-15
		OYNMZ2009	Average of Cost	0.810526316
			Sum of Quantity	307
		YZKAA2010	Average of Cost				2.486111111
			Sum of Quantity				-117
		YZKAB2010	Average of Cost	1.45			1.4375
			Sum of Quantity	183			-33
		YZKAC2010	Average of Cost	0.833333333			1.25
			Sum of Quantity	36			-3
		YZKAD2010	Average of Cost				0.813333333
			Sum of Quantity				-162
		YZKAE2010	Average of Cost				0.45
			Sum of Quantity				-9
		YZKAU2010	Average of Cost				2.15
			Sum of Quantity				-3
		YZKAZ2010	Average of Cost				2.928571429
			Sum of Quantity				-207
		YZKMA2010	Average of Cost	2.5
			Sum of Quantity	185
		YZKMZ2010	Average of Cost	1.1375			0.983333333
			Sum of Quantity	56			-103
	CDRT	EUSWO2007	Average of Cost		13
			Sum of Quantity		74
11/14/2007	CDRG	ET608M	Average of Cost	9.125658857			9.2310376
			Sum of Quantity	10244			-9712
		ETFC	Average of Cost	5.757386076			5.759030295
			Sum of Quantity	7713915			-7722618
		EUSAA2008	Average of Cost	1.935714286			1.940740741
			Sum of Quantity	613			-507
		EUSAB2008	Average of Cost	0.47			0.514
			Sum of Quantity	427			-125
		EUSAC2008	Average of Cost				0.1
			Sum of Quantity				-36
		EUSAD2008	Average of Cost				0.05
			Sum of Quantity				-3
		EUSAG2008	Average of Cost	3.125			3.3
			Sum of Quantity	14			-21
		EUSAH2008	Average of Cost	2.473636364			2.533333333
			Sum of Quantity	190			-116
		EUSAI2008	Average of Cost	1.450909091			1.496875
			Sum of Quantity	297			-202
		EUSAL2008	Average of Cost	0.6			0.641666667
			Sum of Quantity	105			-46
		EUSAM2008	Average of Cost	0.3			0.35
			Sum of Quantity	2			-150
		EUSAP2008	Average of Cost	0.1
			Sum of Quantity	76
		EUSAU2008	Average of Cost	0.923076923			1.0278125
			Sum of Quantity	227			-360
		EUSAV2008	Average of Cost	0.183333333			0.258333333
			Sum of Quantity	84			-47

Exhibit 99.3, p. 40 of 60

Trade	Account	Symbol - cleaned	Data	Buy Transaction	Option Assignment	Option Exercise	Sell Transaction
		EUSDA2008	Average of Cost	2.208333333			2.2552
			Sum of Quantity	57			-311
		EUSDB2008	Average of Cost	0.7			0.75
			Sum of Quantity	100			-130
		EUSDC2008	Average of Cost				0.35
			Sum of Quantity				-2
		EUSDG2008	Average of Cost	3.466666667			3.63
			Sum of Quantity	27			-22
		EUSDH2008	Average of Cost	2.65			2.81875
			Sum of Quantity	7			-84
		EUSDI2008	Average of Cost	1.707			1.757777778
			Sum of Quantity	141			-157
		EUSDJ2008	Average of Cost	1.35			1.4
			Sum of Quantity	150			-122
		EUSDK2008	Average of Cost	1.078571429			1.194444444
			Sum of Quantity	232			-88
		EUSDL2008	Average of Cost	0.85			0.95
			Sum of Quantity	20			-41
		EUSDM2008	Average of Cost	0.55
			Sum of Quantity	2
		EUSDN2008	Average of Cost	0.45			0.5
			Sum of Quantity	3			-10
		EUSDO2008	Average of Cost	0.35
			Sum of Quantity	20
		EUSDQ2008	Average of Cost				0.25
			Sum of Quantity				-3
		EUSDR2008	Average of Cost	0.2
			Sum of Quantity	3
		EUSDT2008	Average of Cost	0.15
			Sum of Quantity	30
		EUSLA2007	Average of Cost	1.494857143			1.510816327
			Sum of Quantity	464			-655
		EUSLB2007	Average of Cost	0.205			0.221428571
			Sum of Quantity	30			-88
		EUSLG2007	Average of Cost	2.966666667			2.883333333
			Sum of Quantity	20			-42
		EUSLH2007	Average of Cost	2.166071429			2.229230769
			Sum of Quantity	376			-99
		EUSLI2007	Average of Cost	1.054166667			1.082068966
			Sum of Quantity	1592			-506
		EUSLJ2007	Average of Cost	0.6608			0.744864865
			Sum of Quantity	407			-1903
		EUSLK2007	Average of Cost	0.436			0.503333333
			Sum of Quantity	78			-407
		EUSLL2007	Average of Cost	0.275			0.425
			Sum of Quantity	15			-16
		EUSLM2007	Average of Cost				0.2
			Sum of Quantity				-4
		EUSMA2008	Average of Cost	1.11275			1.18125
			Sum of Quantity	862			-790
		EUSMB2008	Average of Cost	4.5
			Sum of Quantity	1
		EUSMC2008	Average of Cost				9.2
			Sum of Quantity				-75
		EUSMG2008	Average of Cost				0.4
			Sum of Quantity				-11
		EUSMH2008	Average of Cost	0.65			0.7
			Sum of Quantity	5			-20
		EUSMI2008	Average of Cost	1.650666667			1.745
			Sum of Quantity	366			-40
		EUSML2008	Average of Cost	3.65
			Sum of Quantity	29
		EUSMM2008	Average of Cost	5.4			5.466666667
			Sum of Quantity	2			-27
		EUSMU2008	Average of Cost	2.55
			Sum of Quantity	1
		EUSMV2008	Average of Cost	6.7
			Sum of Quantity	8

Exhibit 99.3, p. 41 of 60

Trade	Account	Symbol - cleaned	Data	Buy Transaction	Option Assignment	Option Exercise	Sell Transaction
		EUSPA2008	Average of Cost	1.366666667			1.35
			Sum of Quantity	15			-933
		EUSPB2008	Average of Cost	4.9
			Sum of Quantity	19
		EUSPC2008	Average of Cost	9.4
			Sum of Quantity	20
		EUSPD2008	Average of Cost	14.1
			Sum of Quantity	9
		EUSPG2008	Average of Cost	0.52
			Sum of Quantity	133
		EUSPH2008	Average of Cost	0.89			0.95
			Sum of Quantity	29			-8
		EUSPI2008	Average of Cost	1.858333333			1.925
			Sum of Quantity	35			-38
		EUSPJ2008	Average of Cost	2.55
			Sum of Quantity	4
		EUSPK2008	Average of Cost	3.1			3.4
			Sum of Quantity	20			-1
		EUSPL2008	Average of Cost	3.9
			Sum of Quantity	25
		EUSPQ2008	Average of Cost	10.4
			Sum of Quantity	40
		EUSWK2007	Average of Cost		8
			Sum of Quantity		10
		EUSXA2007	Average of Cost	0.734090909			0.735909091
			Sum of Quantity	544			-332
		EUSXB2007	Average of Cost	4.2			4.55
			Sum of Quantity	13			-22
		EUSXG2007	Average of Cost	0.2			0.145
			Sum of Quantity	20			-50
		EUSXH2007	Average of Cost	0.343333333			0.4
			Sum of Quantity	557			-45
		EUSXI2007	Average of Cost	1.197826087			1.25
			Sum of Quantity	222			-5
		EUSXJ2007	Average of Cost	1.871428571			2.15
			Sum of Quantity	181			-10
		EUSXM2007	Average of Cost				5.4
			Sum of Quantity				-3
		OYNAA2009	Average of Cost	2.546428571			2.6775
			Sum of Quantity	275			-197
		OYNAB2009	Average of Cost	1.15			1.225
			Sum of Quantity	9			-23
		OYNAC2009	Average of Cost	0.45			0.65
			Sum of Quantity	13			-25
		OYNAD2009	Average of Cost				0.333333333
			Sum of Quantity				-30
		OYNAE2009	Average of Cost				0.225
			Sum of Quantity				-43
		OYNAU2009	Average of Cost	1.616666667			1.797368421
			Sum of Quantity	13			-227
		OYNAV2009	Average of Cost	0.71875			0.85
			Sum of Quantity	510			-66
		OYNAZ2009	Average of Cost				4.24
			Sum of Quantity				-38
		OYNMA2009	Average of Cost	1.59			1.675
			Sum of Quantity	94			-38
		OYNMB2009	Average of Cost	4.8
			Sum of Quantity	8
		OYNMV2009	Average of Cost				7.2
			Sum of Quantity				-12
		YZKAA2010	Average of Cost	2.8			3.1
			Sum of Quantity	6			-17
		YZKAB2010	Average of Cost	1.6			1.8
			Sum of Quantity	3			-61
		YZKAC2010	Average of Cost	1.09
			Sum of Quantity	48

Exhibit 99.3, p. 42 of 60

Trade	Account	Symbol - cleaned	Data	Buy Transaction	Option Assignment	Option Exercise	Sell Transaction
		YZKAD2010	Average of Cost				0.8
			Sum of Quantity				-1
		YZKAU2010	Average of Cost				2.46
			Sum of Quantity				-22
		YZKAZ2010	Average of Cost				4.336363636
			Sum of Quantity				-49
		YZKMA2010	Average of Cost	1.7
			Sum of Quantity	2
	CEFL	ETFC	Average of Cost	5
			Sum of Quantity	16384
11/15/2007	CDRG	ET608M	Average of Cost	8.920181333			8.9982
			Sum of Quantity	1610			-1765
		ETFC	Average of Cost	5.568402345			5.559358809
			Sum of Quantity	3090629			-3033992
		EUSAA2008	Average of Cost	1.81125			1.808571429
			Sum of Quantity	90			-344
		EUSAB2008	Average of Cost				0.4
			Sum of Quantity				-10
		EUSAG2008	Average of Cost				3.1
			Sum of Quantity				-5
		EUSAH2008	Average of Cost				2.283333333
			Sum of Quantity				-53
		EUSAI2008	Average of Cost	1.35			1.44
			Sum of Quantity	71			-20
		EUSAL2008	Average of Cost	0.505			0.513333333
			Sum of Quantity	46			-102
		EUSAM2008	Average of Cost				0.3
			Sum of Quantity				-8
		EUSAP2008	Average of Cost	0.05
			Sum of Quantity	6
		EUSAU2008	Average of Cost	0.794			0.83
			Sum of Quantity	84			-40
		EUSDB2008	Average of Cost	0.6
			Sum of Quantity	48
		EUSDG2008	Average of Cost	3.075
			Sum of Quantity	8
		EUSDI2008	Average of Cost	1.475
			Sum of Quantity	7
		EUSDJ2008	Average of Cost	1.4			1.346666667
			Sum of Quantity	8			-54
		EUSDO2008	Average of Cost	0.45			0.445
			Sum of Quantity	10			-14
		EUSLA2007	Average of Cost	1.341			1.264615385
			Sum of Quantity	84			-167
		EUSLB2007	Average of Cost				0.2
			Sum of Quantity				-1
		EUSLG2007	Average of Cost	2.65			2.87
			Sum of Quantity	7			-5
		EUSLH2007	Average of Cost	2.01			2.0375
			Sum of Quantity	4			-62
		EUSLI2007	Average of Cost	0.869285714			0.888
			Sum of Quantity	237			-199
		EUSLJ2007	Average of Cost	0.625			0.606666667
			Sum of Quantity	25			-84
		EUSLK2007	Average of Cost				0.425
			Sum of Quantity				-38
		EUSLN2007	Average of Cost				0.1
			Sum of Quantity				-55
		EUSLO2007	Average of Cost	0.1			0.095
			Sum of Quantity	44			-62
		EUSLP2007	Average of Cost				0.1
			Sum of Quantity				-34
		EUSMA2008	Average of Cost	1.118888889			1.096666667
			Sum of Quantity	205			-41
		EUSMG2008	Average of Cost	0.35
			Sum of Quantity	29
		EUSMH2008	Average of Cost	0.676666667			0.695
			Sum of Quantity	26			-16

Exhibit 99.3, p. 43 of 60

Trade	Account	Symbol - cleaned	Data	Buy Transaction	Option Assignment	Option Exercise	Sell Transaction
		EUSMU2008	Average of Cost	2.65
			Sum of Quantity	3
		EUSMV2008	Average of Cost				7.1
			Sum of Quantity				-1
		EUSPA2008	Average of Cost	1.41
			Sum of Quantity	221
		EUSPG2008	Average of Cost	0.6
			Sum of Quantity	51
		EUSPH2008	Average of Cost	0.933333333
			Sum of Quantity	15
		EUSPI2008	Average of Cost	1.95
			Sum of Quantity	2
		EUSPK2008	Average of Cost	3.2
			Sum of Quantity	10
		EUSPM2008	Average of Cost	5.6
			Sum of Quantity	1
		EUSWK2007	Average of Cost		8
			Sum of Quantity		25
		EUSWN2007	Average of Cost		12
			Sum of Quantity		25
		EUSXA2007	Average of Cost				0.775
			Sum of Quantity				-21
		EUSXG2007	Average of Cost	0.153333333			0.2
			Sum of Quantity	130			-109
		EUSXH2007	Average of Cost	0.38			0.388
			Sum of Quantity	20			-77
		EUSXI2007	Average of Cost	1.32
			Sum of Quantity	164
		EUSXJ2007	Average of Cost	1.85
			Sum of Quantity	41
		EUSXK2007	Average of Cost				2.8
			Sum of Quantity				-4
		EUSXL2007	Average of Cost				3.7
			Sum of Quantity				-19
		OYNAA2009	Average of Cost				2.595833333
			Sum of Quantity				-65
		OYNAB2009	Average of Cost				1.2375
			Sum of Quantity				-16
		OYNAD2009	Average of Cost				0.416666667
			Sum of Quantity				-18
		OYNAU2009	Average of Cost	1.541666667			1.85
			Sum of Quantity	154			-16
		OYNAV2009	Average of Cost	0.7
			Sum of Quantity	4
		OYNAZ2009	Average of Cost				3.87
			Sum of Quantity				-68
		OYNMA2009	Average of Cost	1.7			1.8
			Sum of Quantity	154			-1
		OYNMB2009	Average of Cost	5.2
			Sum of Quantity	4
		OYNMU2009	Average of Cost	3.2			3.4
			Sum of Quantity	90			-5
		YZKAA2010	Average of Cost				3.1
			Sum of Quantity				-22
		YZKAZ2010	Average of Cost				4.1
			Sum of Quantity				-8
	CDRT	EUSWN2007	Average of Cost		12
			Sum of Quantity		25
		OYNMF2009	Average of Cost		30
			Sum of Quantity		6
11/16/2007	CDRG	ET608M	Average of Cost	8.3895			8.772
			Sum of Quantity	235			-150
		ETFC	Average of Cost	5.340703435			5.369130746
			Sum of Quantity	2364623			-2310818
		EUSAA2008	Average of Cost	1.456			1.528125
			Sum of Quantity	74			-232

Exhibit 99.3, p. 44 of 60

Trade	Account	Symbol - cleaned	Data	Buy Transaction	Option Assignment	Option Exercise	Sell Transaction
		EUSAB2008	Average of Cost	0.26			0.316666667
			Sum of Quantity	27			-54
		EUSAD2008	Average of Cost				0.05
			Sum of Quantity				-6
		EUSAH2008	Average of Cost	1.95			1.996666667
			Sum of Quantity	10			-26
		EUSAI2008	Average of Cost	1.11			1.090909091
			Sum of Quantity	10			-279
		EUSAL2008	Average of Cost	0.353333333			0.425
			Sum of Quantity	15			-11
		EUSAM2008	Average of Cost				0.25
			Sum of Quantity				-12
		EUSAP2008	Average of Cost				0.1
			Sum of Quantity				-3
		EUSAU2008	Average of Cost	0.619090909			0.6
			Sum of Quantity	150			-20
		EUSAV2008	Average of Cost	0.1
			Sum of Quantity	26
		EUSDA2008	Average of Cost	1.8375
			Sum of Quantity	30
		EUSDB2008	Average of Cost	0.52			0.575
			Sum of Quantity	99			-64
		EUSDH2008	Average of Cost	2.375			2.49
			Sum of Quantity	50			-10
		EUSDI2008	Average of Cost	1.39625			1.395
			Sum of Quantity	44			-31
		EUSDJ2008	Average of Cost				1.19
			Sum of Quantity				-15
		EUSDL2008	Average of Cost	0.6
			Sum of Quantity	2
		EUSKB2007	Average of Cost
			Sum of Quantity
		EUSKC2007	Average of Cost
			Sum of Quantity
		EUSKK2007	Average of Cost
			Sum of Quantity
		EUSKL2007	Average of Cost
			Sum of Quantity
		EUSKM2007	Average of Cost
			Sum of Quantity
		EUSKN2007	Average of Cost
			Sum of Quantity
		EUSKO2007	Average of Cost
			Sum of Quantity
		EUSKP2007	Average of Cost
			Sum of Quantity
		EUSKQ2007	Average of Cost
			Sum of Quantity
		EUSKR2007	Average of Cost
			Sum of Quantity
		EUSLA2007	Average of Cost	1.035384615			1.075
			Sum of Quantity	124			-154
		EUSLB2007	Average of Cost				0.1
			Sum of Quantity				-5
		EUSLG2007	Average of Cost	2.4
			Sum of Quantity	1
		EUSLH2007	Average of Cost	1.69			1.736
			Sum of Quantity	41			-133
		EUSLI2007	Average of Cost	0.633333333			0.748
			Sum of Quantity	54			-149
		EUSLJ2007	Average of Cost	0.378			0.391428571
			Sum of Quantity	370			-241
		EUSLL2007	Average of Cost				0.15
			Sum of Quantity				-48
		EUSMA2008	Average of Cost	1.075			1.15
			Sum of Quantity	502			-3
		EUSMG2008	Average of Cost	0.3
			Sum of Quantity	3

Exhibit 99.3, p. 45 of 60

Trade	Account	Symbol - cleaned	Data	Buy Transaction	Option Assignment	Option Exercise	Sell Transaction
		EUSMV2008	Average of Cost				7.3
			Sum of Quantity				-8
		EUSPA2008	Average of Cost	1.425
			Sum of Quantity	9
		EUSPC2008	Average of Cost	9.6
			Sum of Quantity	2
		EUSPG2008	Average of Cost	0.6
			Sum of Quantity	122
		EUSPH2008	Average of Cost	0.925
			Sum of Quantity	43
		EUSWB2007	Average of Cost		10
			Sum of Quantity		23
		EUSWC2007	Average of Cost		15
			Sum of Quantity		2
		EUSWK2007	Average of Cost		8
			Sum of Quantity		720
		EUSWL2007	Average of Cost		9
			Sum of Quantity		953
		EUSWM2007	Average of Cost		11
			Sum of Quantity		22
		EUSWN2007	Average of Cost		12
			Sum of Quantity		79
		EUSWO2007	Average of Cost		13
			Sum of Quantity		5
		EUSXA2007	Average of Cost	0.674			0.71
			Sum of Quantity	77			-77
		EUSXB2007	Average of Cost				4.7
			Sum of Quantity				-1
		EUSXG2007	Average of Cost	0.1			0.2
			Sum of Quantity	69			-103
		EUSXH2007	Average of Cost	0.32125			0.346666667
			Sum of Quantity	139			-49
		EUSXI2007	Average of Cost	1.3			1.3
			Sum of Quantity	3			-2
		EUSXK2007	Average of Cost	2.9			2.7
			Sum of Quantity	3			-10
		EUSXN2007	Average of Cost		12
			Sum of Quantity		7
		EUSXO2007	Average of Cost			13
			Sum of Quantity			-11
		OYNAA2009	Average of Cost				2.44
			Sum of Quantity				-19
		OYNAB2009	Average of Cost	0.95			1.175
			Sum of Quantity	5			-2
		OYNAC2009	Average of Cost				0.55
			Sum of Quantity				-2
		OYNAU2009	Average of Cost				1.625
			Sum of Quantity				-19
		OYNAZ2009	Average of Cost				3.65
			Sum of Quantity				-14
		OYNMA2009	Average of Cost				1.9
			Sum of Quantity				-42
		OYNMB2009	Average of Cost				5.5
			Sum of Quantity				-13
		OYNMV2009	Average of Cost				7.9
			Sum of Quantity				-3
		YZKAA2010	Average of Cost				3.075
			Sum of Quantity				-10
		YZKAC2010	Average of Cost				1.233333333
			Sum of Quantity				-21
	CDRT	ETFC	Average of Cost	5.44
			Sum of Quantity	28920
		EUSKB2007	Average of Cost
			Sum of Quantity

Exhibit 99.3, p. 46 of 60

Trade	Account	Symbol - cleaned	Data	Buy Transaction	Option Assignment	Option Exercise	Sell Transaction
		EUSKC2007	Average of Cost
			Sum of Quantity
		EUSKK2007	Average of Cost
			Sum of Quantity
		EUSKL2007	Average of Cost
			Sum of Quantity
		EUSKM2007	Average of Cost
			Sum of Quantity
		EUSKN2007	Average of Cost
			Sum of Quantity
		EUSKO2007	Average of Cost
			Sum of Quantity
		EUSKP2007	Average of Cost
			Sum of Quantity
		EUSKR2007	Average of Cost
			Sum of Quantity
		EUSWK2007	Average of Cost		8
			Sum of Quantity		38
		EUSWL2007	Average of Cost		9
			Sum of Quantity		56
		EUSWN2007	Average of Cost		12
			Sum of Quantity		61
		EUSWO2007	Average of Cost		13
			Sum of Quantity		25
		EUSWP2007	Average of Cost		14
			Sum of Quantity		9
		EUSWQ2007	Average of Cost		16
			Sum of Quantity		69
11/19/2007	CDRG	ET608M	Average of Cost	8.0728594			8.157975
			Sum of Quantity	4716			-3736
		ETFC	Average of Cost	4.909438895			4.945049145
			Sum of Quantity	3379885			-3250079
		EUSAA2008	Average of Cost	1.156153846			1.208
			Sum of Quantity	121			-363
		EUSAB2008	Average of Cost	0.225			0.281666667
			Sum of Quantity	12			-95
		EUSAH2008	Average of Cost	1.62			1.674
			Sum of Quantity	79			-96
		EUSAI2008	Average of Cost	0.79			0.9
			Sum of Quantity	73			-294
		EUSAM2008	Average of Cost	0.1			0.25
			Sum of Quantity	39			-25
		EUSAQ2008	Average of Cost				0.1
			Sum of Quantity				-5
		EUSAU2008	Average of Cost	0.471428571			0.49
			Sum of Quantity	147			-40
		EUSAV2008	Average of Cost				0.2
			Sum of Quantity				-2
		EUSDA2008	Average of Cost	1.583333333			1.615
			Sum of Quantity	70			-60
		EUSDB2008	Average of Cost	0.55
			Sum of Quantity	58
		EUSDG2008	Average of Cost	2.5			2.55
			Sum of Quantity	2			-4
		EUSDH2008	Average of Cost	2.1			2.09
			Sum of Quantity	4			-4
		EUSDI2008	Average of Cost	1.253333333			1.298333333
			Sum of Quantity	49			-70
		EUSDJ2008	Average of Cost	0.925			1.25
			Sum of Quantity	19			-1
		EUSDK2008	Average of Cost				0.916666667
			Sum of Quantity				-98
		EUSDL2008	Average of Cost				0.7
			Sum of Quantity				-51
		EUSDM2008	Average of Cost	0.35			0.5
			Sum of Quantity	1			-40
		EUSDN2008	Average of Cost				0.45
			Sum of Quantity				-8
		EUSDO2008	Average of Cost				0.4
			Sum of Quantity				-20

Exhibit 99.3, p. 47 of 60

Trade	Account	Symbol - cleaned	Data	Buy Transaction	Option Assignment	Option Exercise	Sell Transaction
		EUSDP2008	Average of Cost	0.25
			Sum of Quantity	8
		EUSDR2008	Average of Cost				0.2
			Sum of Quantity				-11
		EUSGK2008	Average of Cost	1.033333333
			Sum of Quantity	41
		EUSLA2007	Average of Cost	0.739411765			0.8115
			Sum of Quantity	369			-480
		EUSLB2007	Average of Cost				0.1
			Sum of Quantity				-43
		EUSLG2007	Average of Cost	2.05			2.098333333
			Sum of Quantity	4			-18
		EUSLH2007	Average of Cost	1.336666667			1.32
			Sum of Quantity	27			-134
		EUSLI2007	Average of Cost	0.415454545			0.458
			Sum of Quantity	231			-552
		EUSLJ2007	Average of Cost	0.252222222			0.29
			Sum of Quantity	181			-305
		EUSLK2007	Average of Cost	0.15
			Sum of Quantity	160
		EUSLL2007	Average of Cost				0.121428571
			Sum of Quantity				-109
		EUSMA2008	Average of Cost	1.258333333			1.256666667
			Sum of Quantity	124			-32
		EUSMD2008	Average of Cost		20
			Sum of Quantity		25
		EUSMG2008	Average of Cost	0.35			0.4
			Sum of Quantity	4			-23
		EUSMH2008	Average of Cost	0.714			0.733333333
			Sum of Quantity	93			-37
		EUSMI2008	Average of Cost	1.9
			Sum of Quantity	55
		EUSMU2008	Average of Cost	3.15
			Sum of Quantity	15
		EUSPA2008	Average of Cost	1.6125			1.69
			Sum of Quantity	139			-15
		EUSPB2008	Average of Cost	5.45			5.5
			Sum of Quantity	11			-1
		EUSPG2008	Average of Cost	0.625
			Sum of Quantity	52
		EUSPH2008	Average of Cost	1.033333333
			Sum of Quantity	22
		EUSPI2008	Average of Cost	2.35			2.39
			Sum of Quantity	10			-8
		EUSPN2008	Average of Cost	7.31			7.35
			Sum of Quantity	11			-33
		EUSSH2008	Average of Cost	1.25
			Sum of Quantity	1
		EUSXA2007	Average of Cost	0.852727273			0.828461538
			Sum of Quantity	255			-454
		EUSXG2007	Average of Cost	0.152173913			0.159285714
			Sum of Quantity	1043			-515
		EUSXH2007	Average of Cost	0.39			0.375
			Sum of Quantity	58			-115
		EUSXI2007	Average of Cost	1.5
			Sum of Quantity	21
		EUSXJ2007	Average of Cost	2.45
			Sum of Quantity	125
		OYNAA2009	Average of Cost				2.2025
			Sum of Quantity				-267
		OYNAB2009	Average of Cost	0.8			0.95
			Sum of Quantity	6			-4
		OYNAU2009	Average of Cost				1.5
			Sum of Quantity				-146
		OYNAZ2009	Average of Cost	3			3.3
			Sum of Quantity	2			-47

Exhibit 99.3, p. 48 of 60

Trade	Account	Symbol - cleaned	Data	Buy Transaction	Option Assignment	Option Exercise	Sell Transaction
		OYNMA2009	Average of Cost	2.028571429
			Sum of Quantity	47
		OYNMB2009	Average of Cost				5.9
			Sum of Quantity				-13
		OYNMU2009	Average of Cost	3.6			3.9
			Sum of Quantity	11			-10
		YZKAB2010	Average of Cost				1.75
			Sum of Quantity				-1
		YZKAC2010	Average of Cost				1.25
			Sum of Quantity				-11
		YZKAZ2010	Average of Cost				3.6
			Sum of Quantity				-8
		YZKMA2010	Average of Cost	2.086666667
			Sum of Quantity	419
		YZKMB2010	Average of Cost	5.828571429
			Sum of Quantity	103
		YZKMU2010	Average of Cost	3.95
			Sum of Quantity	150
11/20/2007	CDRG	ET608M	Average of Cost	7.21005			7.1436
			Sum of Quantity	2200			-2400
		ETFC	Average of Cost	4.069227355			4.02416526
			Sum of Quantity	7142094			-6915194
		EUSAA2008	Average of Cost	0.872666667			0.860588235
			Sum of Quantity	222			-307
		EUSAB2008	Average of Cost	0.15
			Sum of Quantity	5
		EUSAC2008	Average of Cost				0.1
			Sum of Quantity				-2
		EUSAE2008	Average of Cost	0.05			0.04
			Sum of Quantity	17			-17
		EUSAG2008	Average of Cost	1.56			1.585294118
			Sum of Quantity	20			-144
		EUSAH2008	Average of Cost	1.17			1.164642857
			Sum of Quantity	140			-277
		EUSAI2008	Average of Cost	0.575714286			0.61
			Sum of Quantity	122			-293
		EUSAL2008	Average of Cost	0.2			0.25
			Sum of Quantity	2			-27
		EUSAM2008	Average of Cost	0.15			0.145
			Sum of Quantity	20			-30
		EUSAU2008	Average of Cost	0.34			0.39
			Sum of Quantity	62			-30
		EUSAV2008	Average of Cost	0.105			0.128
			Sum of Quantity	53			-69
		EUSAW2008	Average of Cost	0.05			0.04
			Sum of Quantity	34			-17
		EUSDA2008	Average of Cost	1.35			1.205
			Sum of Quantity	10			-103
		EUSDB2008	Average of Cost	0.45			0.445
			Sum of Quantity	6			-9
		EUSDG2008	Average of Cost				1.93
			Sum of Quantity				-23
		EUSDH2008	Average of Cost	1.54			1.551818182
			Sum of Quantity	119			-110
		EUSDI2008	Average of Cost	0.96			0.998461538
			Sum of Quantity	296			-148
		EUSDJ2008	Average of Cost	0.75			0.835714286
			Sum of Quantity	34			-59
		EUSDK2008	Average of Cost	0.5			0.75
			Sum of Quantity	4			-4
		EUSDL2008	Average of Cost				0.583333333
			Sum of Quantity				-16
		EUSDN2008	Average of Cost				0.4
			Sum of Quantity				-3
		EUSDP2008	Average of Cost				0.25
			Sum of Quantity				-4
		EUSGA2008	Average of Cost				1.333333333
			Sum of Quantity				-16

Exhibit 99.3, p. 49 of 60

Trade	Account	Symbol - cleaned	Data	Buy Transaction	Option Assignment	Option Exercise	Sell Transaction
		EUSGG2008	Average of Cost				2
			Sum of Quantity				-32
		EUSGH2008	Average of Cost				1.63
			Sum of Quantity				-28
		EUSGJ2008	Average of Cost	0.883333333			0.945
			Sum of Quantity	18			-15
		EUSLA2007	Average of Cost	0.492608696			0.5368
			Sum of Quantity	364			-1320
		EUSLG2007	Average of Cost	1.496			1.362666667
			Sum of Quantity	133			-381
		EUSLH2007	Average of Cost	0.776774194			0.842
			Sum of Quantity	537			-864
		EUSLI2007	Average of Cost	0.296923077			0.303333333
			Sum of Quantity	319			-234
		EUSLJ2007	Average of Cost	0.2024			0.201428571
			Sum of Quantity	703			-137
		EUSLK2007	Average of Cost	0.104545455			0.116
			Sum of Quantity	171			-260
		EUSLL2007	Average of Cost	0.06			0.05
			Sum of Quantity	20			-20
		EUSLM2007	Average of Cost	0.05
			Sum of Quantity	20
		EUSLN2007	Average of Cost	0.05			0.045
			Sum of Quantity	19			-29
		EUSLO2007	Average of Cost	0.05			0.045
			Sum of Quantity	40			-55
		EUSMA2008	Average of Cost	1.7175			1.65
			Sum of Quantity	137			-11
		EUSMB2008	Average of Cost	6.4			6.39
			Sum of Quantity	8			-8
		EUSMG2008	Average of Cost	0.52625			0.575
			Sum of Quantity	141			-121
		EUSMH2008	Average of Cost	1.071176471			1.07
			Sum of Quantity	182			-50
		EUSMI2008	Average of Cost	2.62
			Sum of Quantity	62
		EUSMU2008	Average of Cost	3.836666667			3.845
			Sum of Quantity	80			-50
		EUSPA2008	Average of Cost	1.95
			Sum of Quantity	78
		EUSPG2008	Average of Cost	0.8325			0.85
			Sum of Quantity	65			-12
		EUSPH2008	Average of Cost	1.43875			1.5
			Sum of Quantity	246			-10
		EUSPI2008	Average of Cost	2.75
			Sum of Quantity	1
		EUSPJ2008	Average of Cost	3.505			3.5
			Sum of Quantity	29			-20
		EUSPK2008	Average of Cost	4.6
			Sum of Quantity	20
		EUSPT2008	Average of Cost		19
			Sum of Quantity		1
		EUSSA2008	Average of Cost	1.95
			Sum of Quantity	10
		EUSSG2008	Average of Cost	0.955			1
			Sum of Quantity	60			-40
		EUSSH2008	Average of Cost	1.35
			Sum of Quantity	20
		EUSXA2007	Average of Cost	1.403142857			1.426666667
			Sum of Quantity	481			-64
		EUSXG2007	Average of Cost	0.359411765			0.3
			Sum of Quantity	618			-653
		EUSXH2007	Average of Cost	0.750833333			0.705555556
			Sum of Quantity	1039			-173
		EUSXI2007	Average of Cost	2.4			2.25
			Sum of Quantity	30			-4

Exhibit 99.3, p. 50 of 60

Trade	Account	Symbol - cleaned	Data	Buy Transaction	Option Assignment	Option Exercise	Sell Transaction
		EUSXK2007	Average of Cost	4.1
			Sum of Quantity	1
		EUSXM2007	Average of Cost				7.2
			Sum of Quantity				-10
		OYNAA2009	Average of Cost	1.494444444			1.7675
			Sum of Quantity	158			-466
		OYNAB2009	Average of Cost				0.858333333
			Sum of Quantity				-85
		OYNAC2009	Average of Cost				0.45
			Sum of Quantity				-10
		OYNAD2009	Average of Cost				0.35
			Sum of Quantity				-2
		OYNAF2009	Average of Cost				0.2
			Sum of Quantity				-1
		OYNAU2009	Average of Cost	0.977272727			1.34
			Sum of Quantity	278			-73
		OYNAZ2009	Average of Cost				2.554545455
			Sum of Quantity				-190
		OYNMA2009	Average of Cost	2.32			2.65
			Sum of Quantity	160			-4
		OYNMC2009	Average of Cost	11
			Sum of Quantity	10
		OYNMU2009	Average of Cost	4.275
			Sum of Quantity	65
		OYNMZ2009	Average of Cost	0.8			0.85
			Sum of Quantity	12			-11
		YZKAA2010	Average of Cost				2.11
			Sum of Quantity				-69
		YZKAB2010	Average of Cost				1.35
			Sum of Quantity				-7
		YZKAC2010	Average of Cost				1.1
			Sum of Quantity				-2
		YZKAD2010	Average of Cost	0.5
			Sum of Quantity	149
		YZKAZ2010	Average of Cost				2.907142857
			Sum of Quantity				-49
		YZKMA2010	Average of Cost	2.5
			Sum of Quantity	34
	CDRT	ETFC	Average of Cost				3.8
			Sum of Quantity				-5984
		EUSPD2008	Average of Cost		20
			Sum of Quantity		6
11/21/2007	CDRG	ET608M	Average of Cost	7.1131			7.155133333
			Sum of Quantity	3200			-2530
		ETFC	Average of Cost	4.124247535			4.099436506
			Sum of Quantity	4038031			-3897715
		EUSAA2008	Average of Cost	0.938			0.976
			Sum of Quantity	129			-674
		EUSAG2008	Average of Cost	1.725
			Sum of Quantity	13
		EUSAH2008	Average of Cost	1.288125			1.33
			Sum of Quantity	132			-45
		EUSAI2008	Average of Cost	0.658333333			0.746
			Sum of Quantity	83			-96
		EUSAU2008	Average of Cost				0.45
			Sum of Quantity				-30
		EUSDA2008	Average of Cost	1.37			1.396666667
			Sum of Quantity	35			-14
		EUSDG2008	Average of Cost	2.2			2.05
			Sum of Quantity	198			-7
		EUSDH2008	Average of Cost				1.6875
			Sum of Quantity				-115
		EUSDI2008	Average of Cost	1.15			1.2
			Sum of Quantity	1			-7
		EUSDJ2008	Average of Cost				0.966666667
			Sum of Quantity				-7
		EUSDK2008	Average of Cost				0.8
			Sum of Quantity				-10

Exhibit 99.3, p. 51 of 60

Trade	Account	Symbol - cleaned	Data	Buy Transaction	Option Assignment	Option Exercise	Sell Transaction
		EUSDL2008	Average of Cost	0.5			0.6
			Sum of Quantity	7			-2
		EUSDO2008	Average of Cost	0.205			0.3
			Sum of Quantity	21			-69
		EUSDS2008	Average of Cost				0.15
			Sum of Quantity				-27
		EUSGA2008	Average of Cost				1.6
			Sum of Quantity				-2
		EUSGH2008	Average of Cost	1.95			1.946666667
			Sum of Quantity	10			-18
		EUSGK2008	Average of Cost				0.95
			Sum of Quantity				-1
		EUSLA2007	Average of Cost	0.611403509			0.5972
			Sum of Quantity	1357			-528
		EUSLB2007	Average of Cost	0.1
			Sum of Quantity	21
		EUSLG2007	Average of Cost	1.425			1.396666667
			Sum of Quantity	12			-16
		EUSLH2007	Average of Cost	0.898214286			0.914
			Sum of Quantity	626			-922
		EUSLI2007	Average of Cost	0.426111111			0.421111111
			Sum of Quantity	200			-356
		EUSLJ2007	Average of Cost	0.276666667			0.29625
			Sum of Quantity	72			-326
		EUSLK2007	Average of Cost				0.166666667
			Sum of Quantity				-850
		EUSLL2007	Average of Cost	0.15
			Sum of Quantity	15
		EUSLM2007	Average of Cost				0.04
			Sum of Quantity				-20
		EUSLN2007	Average of Cost				0.05
			Sum of Quantity				-4
		EUSMA2008	Average of Cost	1.712			1.7
			Sum of Quantity	19			-10
		EUSMG2008	Average of Cost	0.6			0.65
			Sum of Quantity	1			-3
		EUSMH2008	Average of Cost	1.083333333
			Sum of Quantity	20
		EUSML2008	Average of Cost				5.3
			Sum of Quantity				-19
		EUSMM2008	Average of Cost				7
			Sum of Quantity				-1
		EUSMU2008	Average of Cost				3.9
			Sum of Quantity				-1
		EUSPA2008	Average of Cost	2.25
			Sum of Quantity	5
		EUSPB2008	Average of Cost				6.3
			Sum of Quantity				-4
		EUSPG2008	Average of Cost	0.96			0.9
			Sum of Quantity	249			-50
		EUSPH2008	Average of Cost	1.55
			Sum of Quantity	119
		EUSPI2008	Average of Cost	2.7
			Sum of Quantity	1
		EUSSG2008	Average of Cost	1
			Sum of Quantity	4
		EUSSH2008	Average of Cost	1.6
			Sum of Quantity	7
		EUSSJ2008	Average of Cost	3.7
			Sum of Quantity	7
		EUSXA2007	Average of Cost	1.4275			1.483333333
			Sum of Quantity	174			-55
		EUSXG2007	Average of Cost	0.3384			0.318181818
			Sum of Quantity	393			-207
		EUSXH2007	Average of Cost	0.7525			0.7725
			Sum of Quantity	111			-35
		OYNAA2009	Average of Cost	1.6			1.918421053
			Sum of Quantity	10			-241

Exhibit 99.3, p. 52 of 60

Trade	Account	Symbol - cleaned	Data	Buy Transaction	Option Assignment	Option Exercise	Sell Transaction
		OYNAB2009	Average of Cost				0.979166667
			Sum of Quantity				-237
		OYNAC2009	Average of Cost	0.4
			Sum of Quantity	1
		OYNAD2009	Average of Cost				0.3
			Sum of Quantity				-208
		OYNAU2009	Average of Cost	1			1.35
			Sum of Quantity	9			-126
		OYNAV2009	Average of Cost				0.75
			Sum of Quantity				-10
		OYNAZ2009	Average of Cost				2.816666667
			Sum of Quantity				-145
		OYNMA2009	Average of Cost	2.422222222
			Sum of Quantity	306
		OYNMB2009	Average of Cost	6.233333333
			Sum of Quantity	301
		OYNMU2009	Average of Cost	4.141666667
			Sum of Quantity	314
		OYNMZ2009	Average of Cost	0.89
			Sum of Quantity	46
		YZKAA2010	Average of Cost				2.24375
			Sum of Quantity				-56
		YZKAB2010	Average of Cost				1.4
			Sum of Quantity				-14
		YZKAD2010	Average of Cost				0.55
			Sum of Quantity				-10
		YZKAU2010	Average of Cost				1.733333333
			Sum of Quantity				-32
		YZKAZ2010	Average of Cost				3
			Sum of Quantity				-20
		YZKMA2010	Average of Cost	2.2
			Sum of Quantity	15
		YZKMU2010	Average of Cost	4.1
			Sum of Quantity	21
		YZKMZ2010	Average of Cost				1.05
			Sum of Quantity				-24
11/23/2007	CDRG	ET608M	Average of Cost	8.250543			8.235144286
			Sum of Quantity	3990			-3890
		ETFC	Average of Cost	5.155604637			5.1642377
			Sum of Quantity	6096502			-6125674
		EUSAA2008	Average of Cost	1.6468			1.724594595
			Sum of Quantity	816			-408
		EUSAB2008	Average of Cost	0.41			0.36
			Sum of Quantity	10			-64
		EUSAD2008	Average of Cost				0.05
			Sum of Quantity				-3
		EUSAG2008	Average of Cost	2.6625			2.688333333
			Sum of Quantity	46			-61
		EUSAH2008	Average of Cost	1.852			2.06875
			Sum of Quantity	34			-90
		EUSAI2008	Average of Cost	1.202941176			1.252857143
			Sum of Quantity	249			-139
		EUSAL2008	Average of Cost	0.505			0.5
			Sum of Quantity	84			-206
		EUSAM2008	Average of Cost				0.3
			Sum of Quantity				-97
		EUSAP2008	Average of Cost				0.125
			Sum of Quantity				-30
		EUSAQ2008	Average of Cost	0.05
			Sum of Quantity	70
		EUSAU2008	Average of Cost	0.793333333			0.868181818
			Sum of Quantity	155			-389
		EUSAV2008	Average of Cost	0.166666667			0.291666667
			Sum of Quantity	73			-56
		EUSDA2008	Average of Cost	1.9			1.932727273
			Sum of Quantity	37			-300

Exhibit 99.3, p. 53 of 60

Trade	Account	Symbol - cleaned	Data	Buy Transaction	Option Assignment	Option Exercise	Sell Transaction
		EUSDB2008	Average of Cost	0.513793103			0.658333333
			Sum of Quantity	610			-45
		EUSDC2008	Average of Cost				0.25
			Sum of Quantity				-38
		EUSDD2008	Average of Cost				0.15
			Sum of Quantity				-20
		EUSDG2008	Average of Cost				2.891666667
			Sum of Quantity				-26
		EUSDH2008	Average of Cost	2.35			2.45
			Sum of Quantity	89			-31
		EUSDI2008	Average of Cost	1.58			1.584705882
			Sum of Quantity	14			-154
		EUSDJ2008	Average of Cost	1.316666667			1.375
			Sum of Quantity	38			-21
		EUSDK2008	Average of Cost	1.042857143			0.97
			Sum of Quantity	144			-139
		EUSDL2008	Average of Cost				0.8
			Sum of Quantity				-2
		EUSDN2008	Average of Cost				0.4
			Sum of Quantity				-86
		EUSDP2008	Average of Cost				0.3
			Sum of Quantity				-20
		EUSDQ2008	Average of Cost	0.35
			Sum of Quantity	6
		EUSDR2008	Average of Cost				0.2
			Sum of Quantity				-15
		EUSDS2008	Average of Cost				0.2
			Sum of Quantity				-20
		EUSDT2008	Average of Cost				0.15
			Sum of Quantity				-10
		EUSDX2008	Average of Cost				0.25
			Sum of Quantity				-10
		EUSGA2008	Average of Cost				2.1
			Sum of Quantity				-21
		EUSGB2008	Average of Cost	0.6375			0.75
			Sum of Quantity	145			-30
		EUSGG2008	Average of Cost				3.157142857
			Sum of Quantity				-145
		EUSGH2008	Average of Cost				2.5
			Sum of Quantity				-12
		EUSGI2008	Average of Cost	1.5			1.6
			Sum of Quantity	1			-13
		EUSGK2008	Average of Cost	1.05
			Sum of Quantity	54
		EUSGL2008	Average of Cost	0.75			0.9
			Sum of Quantity	51			-54
		EUSLA2007	Average of Cost	1.122307692			1.126470588
			Sum of Quantity	330			-318
		EUSLB2007	Average of Cost	0.161538462			0.17
			Sum of Quantity	784			-71
		EUSLG2007	Average of Cost	2.25			2.31
			Sum of Quantity	135			-45
		EUSLH2007	Average of Cost	1.70625			1.531666667
			Sum of Quantity	165			-37
		EUSLI2007	Average of Cost	0.77969697			0.7688
			Sum of Quantity	926			-441
		EUSLJ2007	Average of Cost	0.579166667			0.58
			Sum of Quantity	244			-259
		EUSLK2007	Average of Cost	0.36			0.326666667
			Sum of Quantity	118			-102
		EUSLL2007	Average of Cost	0.283333333
			Sum of Quantity	82
		EUSLM2007	Average of Cost	0.183333333			0.2
			Sum of Quantity	21			-7
		EUSLP2007	Average of Cost	0.05
			Sum of Quantity	25

Exhibit 99.3, p. 54 of 60

Trade	Account	Symbol - cleaned	Data	Buy Transaction	Option Assignment	Option Exercise	Sell Transaction
		EUSMA2008	Average of Cost	1.3375			1.525
			Sum of Quantity	190			-23
		EUSMB2008	Average of Cost				5.1
			Sum of Quantity				-5
		EUSMG2008	Average of Cost	0.39			0.478571429
			Sum of Quantity	113			-90
		EUSMH2008	Average of Cost	0.783333333			0.975
			Sum of Quantity	72			-163
		EUSMI2008	Average of Cost	2.016666667
			Sum of Quantity	51
		EUSPA2008	Average of Cost	1.45			1.75
			Sum of Quantity	10			-14
		EUSPG2008	Average of Cost	0.675
			Sum of Quantity	140
		EUSPH2008	Average of Cost	1.016666667			1
			Sum of Quantity	112			-23
		EUSPK2008	Average of Cost	3.4
			Sum of Quantity	1
		EUSSB2008	Average of Cost	5.2
			Sum of Quantity	1
		EUSSH2008	Average of Cost	1.05
			Sum of Quantity	2
		EUSSJ2008	Average of Cost				3.2
			Sum of Quantity				-9
		EUSSK2008	Average of Cost				3.6
			Sum of Quantity				-20
		EUSXA2007	Average of Cost	0.9025			0.868148148
			Sum of Quantity	122			-422
		EUSXG2007	Average of Cost	0.15125			0.19375
			Sum of Quantity	160			-420
		EUSXH2007	Average of Cost	0.454166667			0.5140625
			Sum of Quantity	435			-904
		EUSXI2007	Average of Cost	1.57			1.35
			Sum of Quantity	45			-20
		EUSXJ2007	Average of Cost				2.3
			Sum of Quantity				-12
		OYNAA2009	Average of Cost	2.2			2.383333333
			Sum of Quantity	39			-57
		OYNAC2009	Average of Cost	0.116666667			0.55
			Sum of Quantity	26			-13
		OYNAD2009	Average of Cost				0.35
			Sum of Quantity				-92
		OYNAU2009	Average of Cost				1.566666667
			Sum of Quantity				-8
		OYNAV2009	Average of Cost				0.65
			Sum of Quantity				-17
		OYNAZ2009	Average of Cost	3.4			3.666666667
			Sum of Quantity	4			-32
		OYNMA2009	Average of Cost	2.05
			Sum of Quantity	30
		OYNMB2009	Average of Cost	5.1
			Sum of Quantity	39
		OYNMV2009	Average of Cost				8
			Sum of Quantity				-45
		OYNMZ2009	Average of Cost				0.833333333
			Sum of Quantity				-95
		YZKAA2010	Average of Cost				2.7125
			Sum of Quantity				-74
		YZKAF2010	Average of Cost				0.35
			Sum of Quantity				-8
		YZKMA2010	Average of Cost	1.65
			Sum of Quantity	1
		YZKMD2010	Average of Cost			20
			Sum of Quantity			-19
		YZKMZ2010	Average of Cost				0.9
			Sum of Quantity				-12
11/26/2007	CDRG	ET608M	Average of Cost	7.750033333			7.765
			Sum of Quantity	256			-281

Exhibit 99.3, p. 55 of 60

Trade	Account	Symbol - cleaned	Data	Buy Transaction	Option Assignment	Option Exercise	Sell Transaction
		ETFC	Average of Cost	4.829565748			4.844747628
			Sum of Quantity	3954894			-3878856
		EUSAA2008	Average of Cost	1.209			1.215416667
			Sum of Quantity	155			-411
		EUSAB2008	Average of Cost	0.216666667
			Sum of Quantity	17
		EUSAG2008	Average of Cost				2.125
			Sum of Quantity				-6
		EUSAH2008	Average of Cost	1.606666667			1.655555556
			Sum of Quantity	36			-116
		EUSAI2008	Average of Cost	0.885714286			0.981666667
			Sum of Quantity	65			-96
		EUSAL2008	Average of Cost	0.336666667			0.345
			Sum of Quantity	24			-19
		EUSAP2008	Average of Cost	0.05			0.1
			Sum of Quantity	185			-4
		EUSAU2008	Average of Cost	0.457272727			0.5
			Sum of Quantity	538			-130
		EUSAV2008	Average of Cost				0.15
			Sum of Quantity				-30
		EUSDA2008	Average of Cost	1.55			1.545
			Sum of Quantity	14			-14
		EUSDB2008	Average of Cost	0.4
			Sum of Quantity	6
		EUSDG2008	Average of Cost	2.533333333			2.625454545
			Sum of Quantity	31			-118
		EUSDH2008	Average of Cost	1.953333333			2
			Sum of Quantity	19			-12
		EUSDI2008	Average of Cost	1.25			1.2325
			Sum of Quantity	10			-160
		EUSDJ2008	Average of Cost				0.9
			Sum of Quantity				-6
		EUSDK2008	Average of Cost				0.7
			Sum of Quantity				-5
		EUSGA2008	Average of Cost				1.8
			Sum of Quantity				-15
		EUSGG2008	Average of Cost				2.7
			Sum of Quantity				-2
		EUSGI2008	Average of Cost				1.416666667
			Sum of Quantity				-17
		EUSGK2008	Average of Cost				0.8
			Sum of Quantity				-2
		EUSLA2007	Average of Cost	0.785			0.816153846
			Sum of Quantity	947			-1385
		EUSLB2007	Average of Cost	0.05
			Sum of Quantity	5
		EUSLG2007	Average of Cost	1.956666667			1.95
			Sum of Quantity	42			-20
		EUSLH2007	Average of Cost	1.416			1.345
			Sum of Quantity	101			-88
		EUSLI2007	Average of Cost	0.484705882			0.502222222
			Sum of Quantity	388			-398
		EUSLJ2007	Average of Cost	0.310714286			0.30875
			Sum of Quantity	435			-589
		EUSLK2007	Average of Cost	0.183333333			0.19
			Sum of Quantity	189			-170
		EUSLL2007	Average of Cost	0.1
			Sum of Quantity	400
		EUSLM2007	Average of Cost				0.1
			Sum of Quantity				-1
		EUSMA2008	Average of Cost	1.34			1.275
			Sum of Quantity	87			-30
		EUSMD2008	Average of Cost				15.6
			Sum of Quantity				-1
		EUSMG2008	Average of Cost	0.35			0.5
			Sum of Quantity	22			-5

Exhibit 99.3, p. 56 of 60

Trade	Account	Symbol - cleaned	Data	Buy Transaction	Option Assignment	Option Exercise	Sell Transaction
		EUSMH2008	Average of Cost	0.75			0.95
			Sum of Quantity	449			-339
		EUSMI2008	Average of Cost	1.953333333			1.95
			Sum of Quantity	16			-10
		EUSMU2008	Average of Cost	3.122			3.145
			Sum of Quantity	36			-18
		EUSPA2008	Average of Cost	1.716666667			1.64
			Sum of Quantity	70			-50
		EUSPG2008	Average of Cost	0.605			0.6
			Sum of Quantity	20			-14
		EUSPH2008	Average of Cost	1.025
			Sum of Quantity	41
		EUSPK2008	Average of Cost				4
			Sum of Quantity				-1
		EUSPO2008	Average of Cost	8.4			8.39
			Sum of Quantity	10			-10
		EUSSG2008	Average of Cost	0.8
			Sum of Quantity	10
		EUSXA2007	Average of Cost	1.0075			0.977142857
			Sum of Quantity	244			-186
		EUSXG2007	Average of Cost	0.194			0.199
			Sum of Quantity	84			-572
		EUSXH2007	Average of Cost	0.4485			0.43
			Sum of Quantity	499			-55
		OYNAA2009	Average of Cost	1.9			2.12
			Sum of Quantity	23			-173
		OYNAD2009	Average of Cost				0.3
			Sum of Quantity				-4
		OYNAE2009	Average of Cost				0.2
			Sum of Quantity				-23
		OYNAF2009	Average of Cost				0.2
			Sum of Quantity				-6
		OYNAZ2009	Average of Cost				3.4
			Sum of Quantity				-5
		OYNMA2009	Average of Cost	1.85			2.166666667
			Sum of Quantity	29			-304
		OYNMB2009	Average of Cost	5.627272727
			Sum of Quantity	292
		OYNMU2009	Average of Cost				3.966666667
			Sum of Quantity				-235
		OYNMZ2009	Average of Cost	0.525
			Sum of Quantity	7
		YZKAA2010	Average of Cost				2.3
			Sum of Quantity				-8
		YZKAU2010	Average of Cost				1.9
			Sum of Quantity				-5
		YZKAZ2010	Average of Cost				3.6
			Sum of Quantity				-10
		YZKMZ2010	Average of Cost				0.8
			Sum of Quantity				-44
	CDRT	EUSPR2008	Average of Cost		17
			Sum of Quantity		16
11/27/2007	CDRG	ET608M	Average of Cost	7.513335			7.5474525
			Sum of Quantity	1700			-1600
		ETFC	Average of Cost	4.624138917			4.631946129
			Sum of Quantity	4846373			-4799521
		EUSAA2008	Average of Cost	1.118333333			1.167692308
			Sum of Quantity	46			-165
		EUSAB2008	Average of Cost	0.15			0.3
			Sum of Quantity	3			-3
		EUSAG2008	Average of Cost				2.166666667
			Sum of Quantity				-3
		EUSAH2008	Average of Cost	1.45			1.675
			Sum of Quantity	10			-32
		EUSAI2008	Average of Cost	0.95			0.81875
			Sum of Quantity	66			-1016
		EUSAL2008	Average of Cost	0.333333333			0.333333333
			Sum of Quantity	272			-8

Exhibit 99.3, p. 57 of 60

Trade	Account	Symbol - cleaned	Data	Buy Transaction	Option Assignment	Option Exercise	Sell Transaction
		EUSAU2008	Average of Cost	0.483333333			0.593333333
			Sum of Quantity	80			-23
		EUSDA2008	Average of Cost	1.375			1.59
			Sum of Quantity	16			-35
		EUSDB2008	Average of Cost	0.31097561			0.36
			Sum of Quantity	837			-62
		EUSDC2008	Average of Cost	0.1
			Sum of Quantity	1
		EUSDG2008	Average of Cost				2.6
			Sum of Quantity				-10
		EUSDI2008	Average of Cost	1.15			1.219
			Sum of Quantity	2			-88
		EUSDJ2008	Average of Cost				0.881818182
			Sum of Quantity				-413
		EUSDK2008	Average of Cost	0.65			0.683076923
			Sum of Quantity	13			-511
		EUSDL2008	Average of Cost	0.45			0.45
			Sum of Quantity	177			-20
		EUSDM2008	Average of Cost	0.25
			Sum of Quantity	307
		EUSDO2008	Average of Cost				0.2
			Sum of Quantity				-84
		EUSGA2008	Average of Cost				1.7
			Sum of Quantity				-3
		EUSGH2008	Average of Cost	1.9			2.05
			Sum of Quantity	1			-6
		EUSGI2008	Average of Cost	1.35			1.313333333
			Sum of Quantity	10			-16
		EUSGJ2008	Average of Cost	1			1.15
			Sum of Quantity	1			-2
		EUSLA2007	Average of Cost	0.742631579			0.755
			Sum of Quantity	255			-468
		EUSLG2007	Average of Cost	1.7625
			Sum of Quantity	110
		EUSLH2007	Average of Cost	1.078181818			1.0975
			Sum of Quantity	189			-27
		EUSLI2007	Average of Cost	0.462121212			0.439473684
			Sum of Quantity	977			-632
		EUSLJ2007	Average of Cost	0.258888889			0.312142857
			Sum of Quantity	220			-293
		EUSLL2007	Average of Cost	0.108333333			0.146666667
			Sum of Quantity	398			-33
		EUSLN2007	Average of Cost				0.05
			Sum of Quantity				-5
		EUSMA2008	Average of Cost	1.43			1.35
			Sum of Quantity	55			-30
		EUSMG2008	Average of Cost	0.452			0.4875
			Sum of Quantity	155			-13
		EUSMH2008	Average of Cost	0.92
			Sum of Quantity	77
		EUSMU2008	Average of Cost	3.4
			Sum of Quantity	140
		EUSMW2008	Average of Cost			17.5
			Sum of Quantity			-10
		EUSPA2008	Average of Cost	1.675
			Sum of Quantity	61
		EUSPD2008	Average of Cost			20
			Sum of Quantity			-9
		EUSPG2008	Average of Cost	0.65
			Sum of Quantity	5
		EUSPH2008	Average of Cost	1.16
			Sum of Quantity	343
		EUSPI2008	Average of Cost	2.5			2.54
			Sum of Quantity	6			-6
		EUSXA2007	Average of Cost	1.08			1
			Sum of Quantity	94			-299

Exhibit 99.3, p. 58 of 60

Trade	Account	Symbol - cleaned	Data	Buy Transaction	Option Assignment	Option Exercise	Sell Transaction
		EUSXB2007	Average of Cost	5.1
			Sum of Quantity	12
		EUSXG2007	Average of Cost	0.234444444			0.2925
			Sum of Quantity	88			-285
		EUSXH2007	Average of Cost	0.536190476			0.595833333
			Sum of Quantity	457			-497
		EUSXI2007	Average of Cost	1.85			1.8
			Sum of Quantity	10			-27
		OYNAA2009	Average of Cost	1.9
			Sum of Quantity	4
		OYNAZ2009	Average of Cost				3.2
			Sum of Quantity				-2
		OYNMA2009	Average of Cost	2.2
			Sum of Quantity	36
		OYNMC2009	Average of Cost	10.5
			Sum of Quantity	12
		OYNMU2009	Average of Cost	3.7			4.1
			Sum of Quantity	2			-127
		OYNMZ2009	Average of Cost	0.75
			Sum of Quantity	33
		YZKAA2010	Average of Cost				2.4
			Sum of Quantity				-2
		YZKAB2010	Average of Cost	0.65
			Sum of Quantity	11
		YZKAD2010	Average of Cost				0.65
			Sum of Quantity				-5
	CEFL	ET811F	Average of Cost				77.83
			Sum of Quantity				-46185
		ETFC713BF	Average of Cost				76.17
			Sum of Quantity				-87840
		ETFC715F	Average of Cost				75.42
			Sum of Quantity				-51823
	WING	ET811F	Average of Cost	77.83
			Sum of Quantity	46185
		ETFC713BF	Average of Cost	76.17
			Sum of Quantity	87840
		ETFC715F	Average of Cost	75.42
			Sum of Quantity	51823
11/28/2007	CDRG	ET608M	Average of Cost	8.3253			8.362111
			Sum of Quantity	1450			-575
		ETFC	Average of Cost	5.290773723			5.283657924
			Sum of Quantity	3750026			-3816661
		EUSAA2008	Average of Cost	1.526363636			1.536923077
			Sum of Quantity	140			-150
		EUSAB2008	Average of Cost	0.25			0.245
			Sum of Quantity	20			-28
		EUSAG2008	Average of Cost	2.675
			Sum of Quantity	53
		EUSAH2008	Average of Cost	1.983333333
			Sum of Quantity	19
		EUSAI2008	Average of Cost	1.081904762			1.1
			Sum of Quantity	310			-20
		EUSAL2008	Average of Cost	0.31			0.4
			Sum of Quantity	58			-4
		EUSAM2008	Average of Cost				0.2
			Sum of Quantity				-1
		EUSAQ2008	Average of Cost				0.05
			Sum of Quantity				-2
		EUSAU2008	Average of Cost	0.603333333			0.67
			Sum of Quantity	39			-50
		EUSDA2008	Average of Cost	1.892			1.863333333
			Sum of Quantity	58			-61
		EUSDB2008	Average of Cost				0.51
			Sum of Quantity				-98
		EUSDG2008	Average of Cost				3.1
			Sum of Quantity				-1
		EUSDI2008	Average of Cost	1.325			1.4875
			Sum of Quantity	23			-19

Exhibit 99.3, p. 59 of 60

Trade	Account	Symbol - cleaned	Data	Buy Transaction	Option Assignment	Option Exercise	Sell Transaction
		EUSDJ2008	Average of Cost	1.1			1.14
			Sum of Quantity	2			-2
		EUSDK2008	Average of Cost				0.85
			Sum of Quantity				-29
		EUSDL2008	Average of Cost				0.6
			Sum of Quantity				-2
		EUSDM2008	Average of Cost	0.3
			Sum of Quantity	4
		EUSGA2008	Average of Cost	2.05
			Sum of Quantity	12
		EUSGG2008	Average of Cost	3.1			3.2
			Sum of Quantity	56			-8
		EUSGH2008	Average of Cost				2.625
			Sum of Quantity				-2
		EUSGI2008	Average of Cost	1.55			1.8
			Sum of Quantity	3			-1
		EUSGL2008	Average of Cost				0.85
			Sum of Quantity				-2
		EUSLA2007	Average of Cost	0.987391304			1.007272727
			Sum of Quantity	325			-167
		EUSLB2007	Average of Cost	0.1			0.098
			Sum of Quantity	30			-87
		EUSLG2007	Average of Cost	2.31			2.35
			Sum of Quantity	8			-8
		EUSLH2007	Average of Cost	1.562			1.626666667
			Sum of Quantity	36			-24
		EUSLI2007	Average of Cost	0.558571429			0.580952381
			Sum of Quantity	433			-502
		EUSLJ2007	Average of Cost	0.312666667			0.357727273
			Sum of Quantity	751			-482
		EUSLK2007	Average of Cost	0.22			0.219230769
			Sum of Quantity	169			-374
		EUSLL2007	Average of Cost	0.15			0.15
			Sum of Quantity	37			-9
		EUSLN2007	Average of Cost				0.05
			Sum of Quantity				-27
		EUSLO2007	Average of Cost				0.05
			Sum of Quantity				-3
		EUSMA2008	Average of Cost	1.183333333			1.25
			Sum of Quantity	49			-60
		EUSMG2008	Average of Cost				0.375
			Sum of Quantity				-604
		EUSMH2008	Average of Cost	0.727142857			0.7125
			Sum of Quantity	131			-90
		EUSMI2008	Average of Cost	1.7
			Sum of Quantity	2
		EUSMM2008	Average of Cost	5.7
			Sum of Quantity	6
		EUSMQ2008	Average of Cost			16
			Sum of Quantity			-181
		EUSPH2008	Average of Cost	0.95
			Sum of Quantity	9
		EUSPI2008	Average of Cost	2
			Sum of Quantity	19
		EUSSA2008	Average of Cost	1.63			1.65
			Sum of Quantity	60			-30
		EUSSG2008	Average of Cost	0.7
			Sum of Quantity	5
		EUSXA2007	Average of Cost	0.666666667			0.69
			Sum of Quantity	549			-337
		EUSXG2007	Average of Cost	0.153333333			0.175
			Sum of Quantity	78			-359
		EUSXH2007	Average of Cost	0.346			0.348333333
			Sum of Quantity	99			-375
		EUSXI2007	Average of Cost	1.35			1.25
			Sum of Quantity	20			-52

Exhibit 99.3, p. 60 of 60

Trade

Account

Symbol -

cleaned

Data

Buy Transaction

Option

Assignment

Option Exercise

Sell Transaction

OYNAA2009

Average of Cost

2.3

Sum of Quantity

OYNAB2009

Average of Cost

0.8

Sum of Quantity

OYNAD2009

Average of Cost

0.2

Sum of Quantity

-3

OYNAU2009

Average of Cost

1.55

Sum of Quantity

-3

OYNMA2009

Average of Cost

1.95

Sum of Quantity

OYNMB2009

Average of Cost

5.428571429

Sum of Quantity

-485

OYNMV2009

Average of Cost

7.25

Sum of Quantity

OYNMZ2009

Average of Cost

0.7

Sum of Quantity

YZKAA2010

Average of Cost

2.8

Sum of Quantity

-3

YZKMA2010

Average of Cost

2.25

Sum of Quantity

-142

YZKMU2010

Average of Cost

4.15

Sum of Quantity

-302

CDRT

EUSMQ2008

Average of Cost

Sum of Quantity

-133

11/29/2007

CDRG

ET608M

Average of Cost

8.794145667

8.863986875

Sum of Quantity

4100

-5265

ETFC

Average of Cost

5.661573435

5.399350021

Sum of Quantity

465553

-465282

CDRT

ETFC

Average of Cost

4.82

Sum of Quantity

-12050

WING

ETFC/RST

Average of Cost

4.5

Sum of Quantity

33182196.69

-33182196.69

CACI

ETFC/RST

Average of Cost

4.5

Sum of Quantity

33182196.69

11/30/2007

CDRG

ET608M

Average of Cost

7.839028

7.8668625

Sum of Quantity

3700

-3700

EUSXN2007

Average of Cost

Sum of Quantity

CDRT

EUSXP2007

Average of Cost

Sum of Quantity

12/3/2007

CDRG

ET608M

Average of Cost

6.9

Sum of Quantity

1000

-1000

ETFC

Average of Cost

4.14

4.15

Sum of Quantity

1000

-1000

OYNAB2009

Average of Cost

0.65

0.6

Sum of Quantity

-10

12/4/2007

CDRG

EUSXN2007

Average of Cost

Sum of Quantity

12/10/2007

CDRT

EUSPR2008

Average of Cost

Sum of Quantity

12/11/2007

CDRG

EUSLA2007

Average of Cost

0.2

Sum of Quantity

-97

EUSMD2008

Average of Cost

Sum of Quantity

CDRT

EUSXL2007

Average of Cost

Sum of Quantity

12/12/2007

CDRG

ETFC

Average of Cost

4.04

Sum of Quantity

-7230

12/14/2007

CEFL

ETFC

Average of Cost

3.999895833

Sum of Quantity

2200

EX-99.5 5 v097404_ex99-5.htm

E*TRADE Financial Corporation

135 East 57^th Street

New York, NY 10022

December 12, 2007

Wingate Capital Ltd.

c/o Citadel Limited Partnership

131 South Dearborn Street

Chicago, IL 60603

Attention: Adam Cooper, Esq.

Reference is made to the Master Investment and Securities Purchase Agreement (the “Agreement”), dated as of November 29, 2007, by and between Wingate Capital Ltd. (“Purchaser”), and E*Trade Financial Corporation (the “Company”).

Purchaser and the Company hereby agree as follows:

1. The allocation of the Purchased Common Stock issuable to Purchaser pursuant to the Agreement shall be amended to provide for (i) an increase, from 30,741,901 shares to 33,182,197 shares, in the aggregate number of shares of Common Stock issued and issuable to Purchaser in connection with the transactions contemplated to occur at the Initial Closing, and (ii) a corresponding decrease, from 49,125,186 shares to 46,684,890 shares, in the aggregate number of shares of Common Stock issuable to Purchaser in connection with the transactions contemplated to occur at the Final Closing. Accordingly, the Agreement is hereby amended as follows:

a. Clause “(c)” of the first “WHEREAS” clause is hereby deleted in its entirety and replaced with the following:

“(c) 33,182,197 shares of the Company’s common stock, par value $.01 per share (“Common Stock”), of which 10,000,000 shares will be issued to Purchaser at the Initial Closing and 23,182,197 will be issued to Purchaser immediately following termination or expiration on any applicable waiting period under the HSR Act with respect to such issuance; and”;

b. Clause “(b)” of the fourth “WHEREAS” clause is hereby deleted in its entirety and replaced with the following:

“(b) an additional 46,684,890 shares of Common Stock (together with the shares of Common Stock issued pursuant to clause (c) of the first WHEREAS clause, the “Purchased Common Stock” and the Purchased Common Stock together with the Springing Lien Notes being issued pursuant to this Agreement, the “Securities”); and ”;

c. The reference to “20,741,901 shares” in the first sentence of Section 2.01(a)(iii) is hereby deleted and replaced with “23,182,197 shares”; and

d. Clause “(A)” of Section 2.01(b)(i) is hereby deleted in its entirety and replaced with the following:

“(A) 46,684,890 shares of Purchased Common Stock; and”.

2. The proviso to Section 4.15 of the Agreement is hereby deleted in its entirety and replaced with the following:

“provided that:

(1) notwithstanding the foregoing clauses (a) through (e), (i) any purchase or agreement to purchase entered into prior to the date hereof shall be permitted, (ii) any purchase of securities issued by Federal National Mortgage Association or Freddie Mac shall be permitted, and (iii) none of the restrictions in the foregoing clauses (a) through (e) shall apply during any fiscal quarter of E*Trade Bank immediately following the quarter in which its regulatory capital exceeds the amount of regulatory capital required for it to be Well Capitalized by $500 million;

(2) “purchase for its own account” shall mean purchases of assets subject to E*TRADE Bank’s investment policy and included in an “investment portfolio” (as defined in FASB 115); and

(3) for purposes of clauses (d) and (e) above, the term “purchase for its own account” shall mean purchases in the secondary market and shall not include purchases of such mortgage loans or equity lines of credit originated by any Affiliate of the Company.”

3. Except as expressly set forth in this letter agreement, this letter agreement shall not constitute an amendment or modification of any other provision of the Agreement, and all terms, conditions and covenants contained in the Agreement shall remain in full force and effect in accordance with their terms. Each reference to “hereof”, “hereunder”, “herein”, “hereby” and each other similar reference, and each reference to “this Agreement” and each other similar reference contained in the Agreement shall refer to the Agreement as amended by this letter agreement; provided that each reference in the Agreement to “the date of this Agreement” or “the date hereof” (or any words of like import) shall be deemed to refer to November 29, 2007.

4. This letter agreement shall be governed by, and interpreted in accordance with, the laws of the State of New York.

5. This letter agreement may be executed in one or more counterparts, each of which shall be deemed to constitute an original, but all of which together shall constitute one and the same document.

[Signature Page follows]

Please confirm your agreement to the foregoing by executing a counterpart to this letter agreement in the space provided below.

	Very truly yours,

	E*TRADE FINANCIAL CORPORATION


	By: /s/ R. Jarett Lilien
	Name: R. Jarett Lilien
	Title: President and COO

ACCEPTED AND AGREED

as of the date first set forth above:

WINGATE CAPITAL LTD. By: Citadel Limited Partnership, Portfolio Manager By: Citadel Investment Group, L.L.C., its General Partner


By: /s/ Matthew Hinerfeld
Name: Matthew Hinerfeld
Title: Managing Director and Deputy General Counsel

cc:	Robert C. Schwenkel (Fried, Frank, Harris, Shriver & Jacobson LLP) Thomas P. Vartanian (Fried, Frank, Harris, Shriver & Jacobson LLP)

EX-99.8 6 v097404_ex99-8.htm

ASSIGNMENT AGREEMENT

Pursuant to Section 6.10 of the MASTER INVESTMENT AND SECURITIES PURCHASE AGREEMENT entered or expected to be entered into by and between Wingate Capital Ltd. and E*TRADE Financial Corporation (the “Company”) dated as of November 29, 2007 (the “Agreement”), Wingate hereby sells to Citadel AC Investments Ltd., subject to HSR approval, the common stock to which it is entitled to receive upon the Initial Closing, and assigns to Citadel AC Investments Ltd. all of its rights under the Agreement to obtain common stock of the Company to which Wingate is entitled after the Initial Closing.

The price shall be $4.50 per share, subject to adjustment in accordance with a fairness opinion to be issued by Duff & Phelps (or such other appropriate expert if Duff & Phelps is not available) and approval by the Investors Representative Committees of Citadel Wellington LLC and Citadel Kensington Global Strategies Fund Ltd.

Citadel AC Investments Ltd. hereby:

(a)

makes, and will make in such additional form as is reasonably requested by the Company, the same investment representations to the Company as made by the Purchaser in Section 3.02 of the Agreement and the same acknowledgements as made in Section 4.04(a)-(d) of the Agreement; and

(b)

agrees to be bound by the same restrictions as Purchaser as contained in the provisions of Section 4.04(e) and Section 4.04(f) (with the Company as a third party beneficiary of this agreement).

The per share payment will be made by Citadel AC Investments to Wingate Capital Ltd.

as the shares are received.

Signed and agreed:

November 29, 2007, 4:15 a.m. CST

WINGATE CAPITAL LTD. By: Citadel Limited Partnership By: Citadel Investment Group, L.L.C.	CITADEL AC INVESTMENTS LTD. By: Citadel Limited Partnership By: Citadel Investment Group, L.L.C.


By: /s/ Matthew Hinerfeld Matthew Hinerfeld Managing Director & Deputy General Counsel	By:/s/ Gerald Beeson Gerald Beeson Senior Managing Director & Chief Financial Officer

EX-99.9 7 v097404_ex99-9.htm

Date: November 29, 2007

To: Wingate Capital Ltd. (“Wingate”)

From: Kensington Financial Investments Ltd. (“Kensington”)

Confirmation for Share Basket Option Transaction

The purpose of this letter (this “Confirmation”) is to confirm the terms and conditions of the Transaction entered into between Wingate and Kensington, on the Trade Date specified below (the “Transaction”). This confirmation constitutes a “Confirmation” as referred to in the ISDA Master Agreement specified below.

The definitions and provisions contained in the 2006 ISDA Definitions (the “Swap Definitions”) and in the 2002 ISDA Equity Derivatives Definitions (the “Equity Definitions”, and together with the Swap Definitions, the “Definitions”), in each case as published by the International Swaps and Derivatives Association, Inc., are incorporated into this Confirmation. In the event of any inconsistency between the Swap Definitions and the Equity Definitions, the Equity Definitions will govern. In the event of any inconsistency between either set of Definitions and this Confirmation, this Confirmation will govern.

This Confirmation evidences a complete and binding agreement between you and us as to the terms of the Transaction to which this Confirmation relates. Except as otherwise provided herein, this Confirmation (together with any other Confirmation between the parties specifying that it shall be subject to the Agreement (as defined below)) shall be subject to and form a part of an agreement in the form of a 1992 ISDA Master Agreement together with the 1994 ISDA Credit Support Annex (Bilateral Form, subject to New York law) (with the Paragraph 13 elections set forth in Annex I below) (the “CSA”) as if we had executed an agreement in such form (but without any Schedule) on the Effective Date of the Transaction, with the election of the following terms: (1) the laws of the State of New York as the governing law: (2) U.S. Dollars as the Termination Currency; and (3) for purposes of Section 6(e) of the Agreement, Loss and Second Method will apply, (4) the “Default Under Specified Transaction” provisions of Section 5(a)(v) will not apply to Wingate and will not apply to Kensington, (5) Citadel Wellington LLC shall be a Credit Support Provider with respect to Wingate, (6) the CSA shall be a Credit Support Document with respect to Wingate and Kensington, (7) the Guaranty of the Citadel Wellington LLC shall be a Credit Support Document with respect to Wingate (hereinafter the “Agreement”). All provisions contained in the Agreement govern this Confirmation except as expressly modified below.

The terms of the particular Transaction to which this Confirmation relates are as follows:

General Terms:
Trade Date:	November 29, 2007
Option Type:	Put
Option Style:	European Option

Seller:	Kensington
Buyer:	Wingate
Exchanges:	None
Related Exchange:	None
Expiration Time:	4 p.m. New York time on the Expiration Date
Automatic Exercise:	Applicable
Settlement Currency:	USD
Independent Amount:	“Independent Amount” means, with respect to Kensington for this Transaction, not applicable. The parties acknowledge and agree that Wingate will not require Kensington to Transfer an Independent Amount in respect of this Transaction in consideration for Kensington’s agreement to receive the Premium plus the Premium Interest Amount in arrears on the Premium Payment Date.

Settlement Currency:	USD
Option Terms:
Number of Options:	One (1)
Option Entitlement:	On the Exercise Date the Buyer may exercise all or any portion of the Basket

Basket:	USD 250,000,000 aggregate principal amount of 12.5% E*TRADE Financial Corporation Springing Lien Notes due 2017

Strike Price:	USD 72.00%
Premium:	USD 30,602,508 (the “Initial Premium”). The Initial Premium was calculated by the Calculation Agent utilizing a fair market value with respect to the Basket of 75.43% of the Basket. The Initial Premium shall be subject to adjustment as follows: (i) As soon as reasonable practicable following the Trade Date the Calculation Agent shall solicit a fairness opinion as to the Initial Premium from an internationally recognized independent dealer in the securities comprising the Basket. The fairness opinion shall specify a range (the “Fairness Premium Range”) within which the Premium must fall in order to be subject to such fairness opinion.

	(a) If the Initial Premium is within the Fairness Premium Range, the Initial Premium shall be the Premium with respect to this Transaction. (b) If the Initial Premium is not within the Fairness Premium Range, the Calculation Agent shall adjust the Initial Premium by an amount (which may be a positive or negative amount) (the “Premium Adjustment Amount”) equal to the amount required such that the aggregate of the Initial Premium and the Premium Adjustment Amount (the “Adjusted Initial Premium”) is an amount equal to the median of the Fairness Premium Range, and the Adjusted Initial Premium shall be the Premium with respect to this Transaction. (ii) The Premium shall accrue interest for each day during the period from (and including) the Trade Date to (but excluding) the Premium Payment Date at the Fed Funds Rate (the “Premium Interest Amount”). “Fed Funds Rate” means, The Fed Funds Rate shown in Bloomberg on page FEDSOPEN<INDEX> or, if no such page is available, as published by Garban Ltd. as the Garban Intercapital Federal Funds Rate Open, for the relevant day.
Premium Payment Date:	Two (2) Currency Business Days following the Valuation Date. On the Premium Payment Date Wingate shall pay Kensington the Premium together with the Premium Interest Amount.
Expiration Date:	May 29, 2008
Cash Settlement:	Applicable
Valuation Date:	The Expiration Date
Cash Settlement Payment Date:	Two (2) Currency Business Days following the Valuation Date
Settlement Price:	As of the Valuation Time on the Valuation Date, the aggregate of the USD amounts determined by the Calculation Agent with respect to each security or group of securities (as applicable) comprising the Basket equal to the average of two indicative bid quotations for the relevant such security or securities from two (2) internationally recognized independent dealers in such security or securities. If only one such bid quotation is available, the Settlement Price for the relevant security or securities shall be such bid quotation. If no such bid quotations are available the Calculation Agent shall determine the Settlement Price for the relevant security or securities in good faith and in a commercially reasonable manner.

Additional Provisions:
Share Adjustments:
Method of Adjustment:	Calculation Agent Adjustment
Extraordinary Events:
Consequences of Merger Events:
Share-for-Share:	Calculation Agent Adjustment
Share-for-Other:	Calculation Agent Adjustment
Share-for-Combined:	Calculation Agent Adjustment
Tender Offer:	Applicable
Consequences of Tender Offers:
Share-for-Share:	Calculation Agent Adjustment
Share-for-Other:	Calculation Agent Adjustment
Share-for-Combined:	Calculation Agent Adjustment
Tender Offers:	Applicable; provided that Section 12.1(d) of the Equity Definitions is hereby amended by (a) replacing “10%” with “or equal to 50%” in the third line thereof and (b) adding “, or of the outstanding Shares,” before “of the Issuer” in the fourth line thereof. Sections 12.1(e) and 12.1(l)(ii) of the Equity Definitions are hereby amended by adding “or Shares, as applicable,” after “voting shares”
Calculation Agent Adjustment:	(a) The definition of “Calculation Agent Adjustment” in Sections 12.2 and 12.3 of the Equity Definitions shall be amended by deleting clause (ii) thereof and replacing it with “(ii) if the Calculation Agent determines that no adjustment that it could make under (i) will produce a commercially reasonable result, notify the parties that the relevant consequence shall be the cancellation of the portion of the Transaction represented by Affected Shares, in which case “Partial Cancellation and Payment” will be deemed to apply and any payment to be made by one party to the other shall be calculated in accordance with Section 12.7.
Composition of Combined Consideration:	Not Applicable
Nationalization, Insolvency or Delisting:	Negotiated Close-out
Additional Disruption Events:

Change in Law:	Applicable Section 12.9(a)(ii) of the Equity Definitions is replaced in its entirety by the words: “Change in Law” means that, on or after the Trade Date of this Transaction (A) due to the adoption of or any change in any applicable law or regulation (including, without limitation, any tax law), or (B) due to the promulgation of or any change in the interpretation by any court, tribunal or regulatory authority with competent jurisdiction of any applicable law or regulation (including any action taken by a taxing authority), the Calculation Agent determines in good faith that it has become illegal for a party to this Transaction to hold, acquire or dispose of Hedge Positions relating to such Transaction, provided that this Section 12.9(a)(ii) shall not apply if the Calculation Agent determines that such party could have taken reasonable steps to avoid such illegality Section 12.9(b)(i) of the Equity Definitions is hereby amended by (i) inserting the words “or partially terminate the portion of the Transaction represented by Shares affected by the Change in Law” after the word “terminate” in the third line thereof, (ii) inserting the words “or partial termination” following the word “termination” in the fourth line thereof, (iii) the insertion of the words “or relevant portion thereof” after the word “Transaction” in the fifth line thereof.
Insolvency Filing:	Not Applicable
Hedging Disruption:	Not Applicable
Increased Cost of Hedging:	Not Applicable
Loss of Stock Borrow:	Not Applicable
Increased Cost of Stock Borrow:	Not Applicable
Determining Party:	Wingate and Kensington
Non-Reliance:	Applicable
Agreements and Acknowledgments Regarding Hedging Activities:	Applicable

Additional Acknowledgments:	Applicable

Calculation Agent:

Wingate and Kensington will act jointly in good faith and a commercially reasonable manner. The joint Calculation Agents are responsible for making all determinations under this Transaction that are not expressed to be the responsibility of an identified party. If Wingate and Kensington do not reach agreement on any determination not otherwise subject to a specified methodology or dispute resolution process under this Confirmation, Wingate and Kensington must agree 3 leading independent dealers to act as substitute Calculation Agent in place of Wingate and Kensington (“Substitute Calculation Agents”) for that determination, and if the parties do not agree 3 Substitute Calculation Agents, they must each appoint a third party for those third parties to together agree 3 Substitute Calculation Agents. The Substitute Calculation Agents cannot be affiliates of either Wingate or Kensington. For price or rate determinations, the median price or rate provided by the 3 Substitute Calculation Agents is deemed to be the price or rate. For all other matters, the consensus determination of at least 2 of the 3 Substitute Calculation Agents is deemed to be the final determination, and if no consensus is reached by at least 2 Substitute Calculation Agents within a reasonable time, these Substitute Calculation Agent terms cease to apply. Unless there is a clear error, the prices, rates and other determinations of the Substitute Calculation Agents are binding and conclusive. Wingate and Kensington must pay any costs of the Substitute Calculation Agents equally. Wingate and Kensington waive any claim they might otherwise have against the Substitute Calculation Agents for errors or omissions made in good faith in making any determination in connection with this Transaction. For the avoidance of doubt, this provision shall not apply to the determination of the Premium and Final Price under this Confirmation or the Exposure under the CSA.

[remainder of page left intentionally blank]

Please confirm your agreement to be bound by the terms of the foregoing by executing a copy of this Confirmation.

Kensington Financial Investments Ltd.

By: /s/ Adam C. Cooper

Name: Adam C. Cooper

Title: Director

Wingate Capital Ltd.

By: Citadel Limited Partnership, Portfolio Manager

By: Citadel Investment Group, L.L.C., its General Partner

By: /s/ Gerald A. Beeson

Name: Gerald A. Beeson

Title: Senior Managing Director & Chief Financial Officer

ANNEX I

CSA - Paragraph 13 Elections

	(i)	The parties intend that each party secure its obligations to the other pursuant to the Agreement and this Confirmation (the “Obligations”). The Pledgor hereby pledges to the Secured Party as security for its Obligations and grants the Secured Party a first priority continuing security interest in, lien on and right of set-off against all collateral, margin or other property transferred or delivered to Secured Party hereunder. For purposes of the Agreement and this Transaction, the following elections shall be deemed to constitute a Paragraph 13 - Elections and Variables for purposes of the CSA:

	(ii)	Valuation Agent shall mean, Wingate and Kensington

	(iii)	Eligible Collateral and Valuation Percentage:

USD Cash	100%
Treasury Securities having a remaining term to maturity of not more than 1 year (“Treasury Bills”)	100%
Treasury Securities having a remaining term to maturity of more than 1 year but not more than 10 years (“Treasury Notes”)	98%
Treasury Securities having a remaining term to maturity of more than 10 years (“Treasury Bonds”)	96%

	(iv)	Exposure. Exposure shall have the meaning set forth in Paragraph 12 of the CSA.

	(v)	Threshold shall mean, with respect to each of the parties, zero;

	(vi)	Minimum Transfer Amount shall mean: zero;

	(vii)	Independent Amount shall mean, with respect to Kensington: as specified in this Confirmation;

	(viii)	Delivery Amount and Return Amount will be rounded up and down to the nearest integral multiple of U.S.$10,000, respectively, or to the nearest multiple of USD 1, if no Transactions are outstanding;

(ix)

Valuation Date shall mean each Business Day during the Term;


	(x)	Valuation Time means the close of business on the Local Business Day before the Valuation Date;

	(xi)	Notification Time means 11:00 a.m., New York time, on a Local Business Day;

	(xii)	Eligibility to Hold and Use Posted Collateral: Both parties will be entitled to hold Posted Collateral itself or through a Custodian pursuant to Paragraph 6(b), and the provisions of Paragraph 6 (c) will apply to both parties;

	(xiii)	Interest Rate means the rate per annum equal to the overnight Federal Funds Rate as reported in the Federal Reserve’s weekly statistical release designated H.15(519) (or any successor publication).

Date: November 29, 2007

To: Wingate Capital Ltd. (“Wingate”)

From: Kensington Financial Investments Ltd. (“Kensington”)

Confirmation for Share Basket Option Transaction

The terms of the particular Transaction to which this Confirmation relates are as follows:

General Terms:

Trade Date:	November 29, 2007
Option Type:	Put
Option Style:	European Option

Seller:	Kensington
Buyer:	Wingate
Exchanges:	None
Related Exchange:	None
Expiration Time:	4 p.m. New York time on the Expiration Date
Automatic Exercise:	Applicable
Settlement Currency:	USD
Independent Amount:	“Independent Amount” means, with respect to Kensington for this Transaction, not applicable. The parties acknowledge and agree that Wingate will not require Kensington to Transfer an Independent Amount in respect of this Transaction in consideration for Kensington’s agreement to receive the Premium plus the Premium Interest Amount in arrears on the Premium Payment Date.
Settlement Currency:	USD
Option Terms:
Number of Options:	One (1)
Option Entitlement:	On the Exercise Date the Buyer may exercise all or any portion of the Basket
Basket:	USD 250,000,000 aggregate principal amount of 12.5% E*TRADE Financial Corporation Springing Lien Notes due 2017
Strike Price:	USD 72.00%
Premium:	USD 31,688,651 (the “Initial Premium”). The Initial Premium was calculated by the Calculation Agent utilizing a fair market value with respect to the Basket of 75.43% of the Basket. The Initial Premium shall be subject to adjustment as follows: (i) As soon as reasonable practicable following the Trade Date the Calculation Agent shall solicit a fairness opinion as to the Initial Premium from an internationally recognized independent dealer in the securities comprising the Basket. The fairness opinion shall specify a range (the “Fairness Premium Range”) within which the Premium must fall in order to be subject to such fairness opinion.

	(a) If the Initial Premium is within the Fairness Premium Range, the Initial Premium shall be the Premium with respect to this Transaction. (b) If the Initial Premium is not within the Fairness Premium Range, the Calculation Agent shall adjust the Initial Premium by an amount (which may be a positive or negative amount) (the “Premium Adjustment Amount”) equal to the amount required such that the aggregate of the Initial Premium and the Premium Adjustment Amount (the “Adjusted Initial Premium”) is an amount equal to the median of the Fairness Premium Range, and the Adjusted Initial Premium shall be the Premium with respect to this Transaction. (ii) The Premium shall accrue interest for each day during the period from (and including) the Trade Date to (but excluding) the Premium Payment Date at the Fed Funds Rate (the “Premium Interest Amount”). “Fed Funds Rate” means, The Fed Funds Rate shown in Bloomberg on page FEDSOPEN<INDEX> or, if no such page is available, as published by Garban Ltd. as the Garban Intercapital Federal Funds Rate Open, for the relevant day.
Premium Payment Date:	Two (2) Currency Business Days following the Valuation Date. On the Premium Payment Date Wingate shall pay Kensington the Premium together with the Premium Interest Amount.
Expiration Date:	August 28, 2008
Cash Settlement:	Applicable
Valuation Date:	The Expiration Date
Cash Settlement Payment Date:	Two (2) Currency Business Days following the Valuation Date
Settlement Price:	As of the Valuation Time on the Valuation Date, the aggregate of the USD amounts determined by the Calculation Agent with respect to each security or group of securities (as applicable) comprising the Basket equal to the average of two indicative bid quotations for the relevant such security or securities from two (2) internationally recognized independent dealers in such security or securities. If only one such bid quotation is available, the Settlement Price for the relevant security or securities shall be such bid quotation. If no such bid quotations are available the Calculation Agent shall determine the Settlement Price for the relevant security or securities in good faith and in a commercially reasonable manner.

Additional Provisions:
Share Adjustments:
Method of Adjustment:	Calculation Agent Adjustment
Extraordinary Events:
Consequences of Merger Events:
Share-for-Share:	Calculation Agent Adjustment
Share-for-Other:	Calculation Agent Adjustment
Share-for-Combined:	Calculation Agent Adjustment
Tender Offer:	Applicable
Consequences of Tender Offers:
Share-for-Share:	Calculation Agent Adjustment
Share-for-Other:	Calculation Agent Adjustment
Share-for-Combined:	Calculation Agent Adjustment
Tender Offers:	Applicable; provided that Section 12.1(d) of the Equity Definitions is hereby amended by (a) replacing “10%” with “or equal to 50%” in the third line thereof and (b) adding “, or of the outstanding Shares,” before “of the Issuer” in the fourth line thereof. Sections 12.1(e) and 12.1(l)(ii) of the Equity Definitions are hereby amended by adding “or Shares, as applicable,” after “voting shares”
Calculation Agent Adjustment:	(a) The definition of “Calculation Agent Adjustment” in Sections 12.2 and 12.3 of the Equity Definitions shall be amended by deleting clause (ii) thereof and replacing it with “(ii) if the Calculation Agent determines that no adjustment that it could make under (i) will produce a commercially reasonable result, notify the parties that the relevant consequence shall be the cancellation of the portion of the Transaction represented by Affected Shares, in which case “Partial Cancellation and Payment” will be deemed to apply and any payment to be made by one party to the other shall be calculated in accordance with Section 12.7.
Composition of Combined Consideration:	Not Applicable
Nationalization, Insolvency or Delisting:	Negotiated Close-out
Additional Disruption Events:

Change in Law:	Applicable Section 12.9(a)(ii) of the Equity Definitions is replaced in its entirety by the words: “Change in Law” means that, on or after the Trade Date of this Transaction (A) due to the adoption of or any change in any applicable law or regulation (including, without limitation, any tax law), or (B) due to the promulgation of or any change in the interpretation by any court, tribunal or regulatory authority with competent jurisdiction of any applicable law or regulation (including any action taken by a taxing authority), the Calculation Agent determines in good faith that it has become illegal for a party to this Transaction to hold, acquire or dispose of Hedge Positions relating to such Transaction, provided that this Section 12.9(a)(ii) shall not apply if the Calculation Agent determines that such party could have taken reasonable steps to avoid such illegality Section 12.9(b)(i) of the Equity Definitions is hereby amended by (i) inserting the words “or partially terminate the portion of the Transaction represented by Shares affected by the Change in Law” after the word “terminate” in the third line thereof, (ii) inserting the words “or partial termination” following the word “termination” in the fourth line thereof, (iii) the insertion of the words “or relevant portion thereof” after the word “Transaction” in the fifth line thereof.
Insolvency Filing:	Not Applicable
Hedging Disruption:	Not Applicable
Increased Cost of Hedging:	Not Applicable
Loss of Stock Borrow:	Not Applicable
Increased Cost of Stock Borrow:	Not Applicable
Determining Party:	Wingate and Kensington
Non-Reliance:	Applicable
Agreements and Acknowledgments Regarding Hedging Activities:	Applicable
Additional Acknowledgments:	Applicable

Calculation Agent:

[remainder of page left intentionally blank]

Please confirm your agreement to be bound by the terms of the foregoing by executing a copy of this Confirmation.

Kensington Financial Investments Ltd.

By: /s/ Adam C. Cooper

Name: Adam C. Cooper

Title: Director

Wingate Capital Ltd.

By: Citadel Limited Partnership, Portfolio Manager

By: Citadel Investment Group, L.L.C., its General Partner

By: /s/ Gerald A. Beeson

Name: Gerald A. Beeson

Title: Senior Managing Director & Chief Financial Officer

ANNEX I

CSA - Paragraph 13 Elections

	(i)	The parties intend that each party secure its obligations to the other pursuant to the Agreement and this Confirmation (the “Obligations”). The Pledgor hereby pledges to the Secured Party as security for its Obligations and grants the Secured Party a first priority continuing security interest in, lien on and right of set-off against all collateral, margin or other property transferred or delivered to Secured Party hereunder. For purposes of the Agreement and this Transaction, the following elections shall be deemed to constitute a Paragraph 13 - Elections and Variables for purposes of the CSA:

	(ii)	Valuation Agent shall mean, Wingate and Kensington

	(iii)	Eligible Collateral and Valuation Percentage:

USD Cash	100%
Treasury Securities having a remaining term to maturity of not more than 1 year (“Treasury Bills”)	100%
Treasury Securities having a remaining term to maturity of more than 1 year but not more than 10 years (“Treasury Notes”)	98%
Treasury Securities having a remaining term to maturity of more than 10 years (“Treasury Bonds”)	96%

	(iv)	Exposure. Exposure shall have the meaning set forth in Paragraph 12 of the CSA.

	(v)	Threshold shall mean, with respect to each of the parties, zero;

	(vi)	Minimum Transfer Amount shall mean: zero;

	(vii)	Independent Amount shall mean, with respect to Kensington: as specified in this Confirmation;

	(viii)	Delivery Amount and Return Amount will be rounded up and down to the nearest integral multiple of U.S.$10,000, respectively, or to the nearest multiple of USD 1, if no Transactions are outstanding;

	(ix)	Valuation Date shall mean each Business Day during the Term;

	(x)	Valuation Time means the close of business on the Local Business Day before the Valuation Date;

	(xi)	Notification Time means 11:00 a.m., New York time, on a Local Business Day;

	(xii)	Eligibility to Hold and Use Posted Collateral: Both parties will be entitled to hold Posted Collateral itself or through a Custodian pursuant to Paragraph 6(b), and the provisions of Paragraph 6 (c) will apply to both parties;

	(xiii)	Interest Rate means the rate per annum equal to the overnight Federal Funds Rate as reported in the Federal Reserve’s weekly statistical release designated H.15(519) (or any successor publication).

Date: November 29, 2007

To: Wingate Capital Ltd. (“Wingate”)

From: Kensington Financial Investments Ltd. (“Kensington”)

Confirmation for Share Basket Option Transaction

The terms of the particular Transaction to which this Confirmation relates are as follows:

General Terms:
Trade Date:	November 29, 2007

Option Type:	Put

Option Style:	European Option

Seller:	Kensington

Buyer:	Wingate

Exchanges:	None

Related Exchange:	None

Expiration Time:	4 p.m. New York time on the Expiration Date

Automatic Exercise:	Applicable

Settlement Currency:	USD

Independent Amount:	“Independent Amount” means, with respect to Kensington for this Transaction, not applicable. The parties acknowledge and agree that Wingate will not require Kensington to Transfer an Independent Amount in respect of this Transaction in consideration for Kensington’s agreement to receive the Premium plus the Premium Interest Amount in arrears on the Premium Payment Date.

Settlement Currency:	USD

Option Terms:

Number of Options:	One (1)

Option Entitlement:	On the Exercise Date the Buyer may exercise all or any portion of the Basket

Basket:	USD 250,000,000 aggregate principal amount of 12.5% E*TRADE Financial Corporation Springing Lien Notes due 2017

Strike Price:	USD 72.00%

Premium:	USD 34,107,896 (the “Initial Premium”). The Initial Premium was calculated by the Calculation Agent utilizing a fair market value with respect to the Basket of 75.43% of the Basket. The Initial Premium shall be subject to adjustment as follows: (i) As soon as reasonable practicable following the Trade Date the Calculation Agent shall solicit a fairness opinion as to the Initial Premium from an internationally recognized independent dealer in the securities comprising the Basket. The fairness opinion shall specify a range (the “Fairness Premium Range”) within which the Premium must fall in order to be subject to such fairness opinion.

	(a) If the Initial Premium is within the Fairness Premium Range, the Initial Premium shall be the Premium with respect to this Transaction. (b) If the Initial Premium is not within the Fairness Premium Range, the Calculation Agent shall adjust the Initial Premium by an amount (which may be a positive or negative amount) (the “Premium Adjustment Amount”) equal to the amount required such that the aggregate of the Initial Premium and the Premium Adjustment Amount (the “Adjusted Initial Premium”) is an amount equal to the median of the Fairness Premium Range, and the Adjusted Initial Premium shall be the Premium with respect to this Transaction. (ii) The Premium shall accrue interest for each day during the period from (and including) the Trade Date to (but excluding) the Premium Payment Date at the Fed Funds Rate (the “Premium Interest Amount”). “Fed Funds Rate” means, The Fed Funds Rate shown in Bloomberg on page FEDSOPEN<INDEX> or, if no such page is available, as published by Garban Ltd. as the Garban Intercapital Federal Funds Rate Open, for the relevant day.
Premium Payment Date:	Two (2) Currency Business Days following the Valuation Date. On the Premium Payment Date Wingate shall pay Kensington the Premium together with the Premium Interest Amount.

Expiration Date:	November 28, 2008

Cash Settlement:	Applicable

Valuation Date:	The Expiration Date

Cash Settlement Payment Date:	Two (2) Currency Business Days following the Valuation Date

Settlement Price:	As of the Valuation Time on the Valuation Date, the aggregate of the USD amounts determined by the Calculation Agent with respect to each security or group of securities (as applicable) comprising the Basket equal to the average of two indicative bid quotations for the relevant such security or securities from two (2) internationally recognized independent dealers in such security or securities. If only one such bid quotation is available, the Settlement Price for the relevant security or securities shall be such bid quotation. If no such bid quotations are available the Calculation Agent shall determine the Settlement Price for the relevant security or securities in good faith and in a commercially reasonable manner.

Additional Provisions:

Share Adjustments:

Method of Adjustment:	Calculation Agent Adjustment

Extraordinary Events:

Consequences of Merger Events:

Share-for-Share:	Calculation Agent Adjustment

Share-for-Other:	Calculation Agent Adjustment

Share-for-Combined:	Calculation Agent Adjustment

Tender Offer:	Applicable

Consequences of Tender Offers:

Share-for-Share:	Calculation Agent Adjustment

Share-for-Other:	Calculation Agent Adjustment

Share-for-Combined:	Calculation Agent Adjustment

Tender Offers:	Applicable; provided that Section 12.1(d) of the Equity Definitions is hereby amended by (a) replacing “10%” with “or equal to 50%” in the third line thereof and (b) adding “, or of the outstanding Shares,” before “of the Issuer” in the fourth line thereof. Sections 12.1(e) and 12.1(l)(ii) of the Equity Definitions are hereby amended by adding “or Shares, as applicable,” after “voting shares”

Calculation Agent Adjustment:	(a) The definition of “Calculation Agent Adjustment” in Sections 12.2 and 12.3 of the Equity Definitions shall be amended by deleting clause (ii) thereof and replacing it with “(ii) if the Calculation Agent determines that no adjustment that it could make under (i) will produce a commercially reasonable result, notify the parties that the relevant consequence shall be the cancellation of the portion of the Transaction represented by Affected Shares, in which case “Partial Cancellation and Payment” will be deemed to apply and any payment to be made by one party to the other shall be calculated in accordance with Section 12.7.

Composition of Combined Consideration:	Not Applicable

Nationalization, Insolvency or Delisting:	Negotiated Close-out

Additional Disruption Events:

Change in Law:	Applicable Section 12.9(a)(ii) of the Equity Definitions is replaced in its entirety by the words: “Change in Law” means that, on or after the Trade Date of this Transaction (A) due to the adoption of or any change in any applicable law or regulation (including, without limitation, any tax law), or (B) due to the promulgation of or any change in the interpretation by any court, tribunal or regulatory authority with competent jurisdiction of any applicable law or regulation (including any action taken by a taxing authority), the Calculation Agent determines in good faith that it has become illegal for a party to this Transaction to hold, acquire or dispose of Hedge Positions relating to such Transaction, provided that this Section 12.9(a)(ii) shall not apply if the Calculation Agent determines that such party could have taken reasonable steps to avoid such illegality Section 12.9(b)(i) of the Equity Definitions is hereby amended by (i) inserting the words “or partially terminate the portion of the Transaction represented by Shares affected by the Change in Law” after the word “terminate” in the third line thereof, (ii) inserting the words “or partial termination” following the word “termination” in the fourth line thereof, (iii) the insertion of the words “or relevant portion thereof” after the word “Transaction” in the fifth line thereof.

Insolvency Filing:	Not Applicable

Hedging Disruption:	Not Applicable

Increased Cost of Hedging:	Not Applicable

Loss of Stock Borrow:	Not Applicable

Increased Cost of Stock Borrow:	Not Applicable

Determining Party:	Wingate and Kensington

Non-Reliance:	Applicable

Agreements and Acknowledgments Regarding Hedging Activities:	Applicable

Additional Acknowledgments:	Applicable

Calculation Agent:

[remainder of page left intentionally blank]

Please confirm your agreement to be bound by the terms of the foregoing by executing a copy of this Confirmation.

Kensington Financial Investments Ltd.

By: /s/ Adam C. Cooper

Name: Adam C. Cooper

Title: Director

Wingate Capital Ltd.

By: Citadel Limited Partnership, Portfolio Manager

By: Citadel Investment Group, L.L.C., its General Partner

By: /s/ Gerald A. Beeson

Name: Gerald A. Beeson

Title: Senior Managing Director & Chief Financial Officer

ANNEX I

CSA - Paragraph 13 Elections

	(i)	The parties intend that each party secure its obligations to the other pursuant to the Agreement and this Confirmation (the “Obligations”). The Pledgor hereby pledges to the Secured Party as security for its Obligations and grants the Secured Party a first priority continuing security interest in, lien on and right of set-off against all collateral, margin or other property transferred or delivered to Secured Party hereunder. For purposes of the Agreement and this Transaction, the following elections shall be deemed to constitute a Paragraph 13 - Elections and Variables for purposes of the CSA:

	(ii)	Valuation Agent shall mean, Wingate and Kensington

	(iii)	Eligible Collateral and Valuation Percentage:

USD Cash	100%

Treasury Securities having a remaining term to maturity of not more than 1 year (“Treasury Bills”)	100%

Treasury Securities having a remaining term to maturity of more than 1 year but not more than 10 years (“Treasury Notes”)	98%

Treasury Securities having a remaining term to maturity of more than 10 years (“Treasury Bonds”)	96%

	(iv)	Exposure. Exposure shall have the meaning set forth in Paragraph 12 of the CSA.

	(v)	Threshold shall mean, with respect to each of the parties, zero;

	(vi)	Minimum Transfer Amount shall mean: zero;

	(vii)	Independent Amount shall mean, with respect to Kensington: as specified in this Confirmation;

	(viii)	Delivery Amount and Return Amount will be rounded up and down to the nearest integral multiple of U.S.$10,000, respectively, or to the nearest multiple of USD 1, if no Transactions are outstanding;

	(ix)	Valuation Date shall mean each Business Day during the Term;

	(x)	Valuation Time means the close of business on the Local Business Day before the Valuation Date;

	(xi)	Notification Time means 11:00 a.m., New York time, on a Local Business Day;

	(xii)	Eligibility to Hold and Use Posted Collateral: Both parties will be entitled to hold Posted Collateral itself or through a Custodian pursuant to Paragraph 6(b), and the provisions of Paragraph 6(c) will apply to both parties;

	(xiii)	Interest Rate means the rate per annum equal to the overnight Federal Funds Rate as reported in the Federal Reserve’s weekly statistical release designated H.15(519) (or any successor publication).

Date: November 29, 2007

To: Wingate Capital Ltd. (“Wingate”)

From: Kensington Financial Investments Ltd. (“Kensington”)

Confirmation for Share Basket Option Transaction

The terms of the particular Transaction to which this Confirmation relates are as follows:

General Terms:

Trade Date:	November 29, 2007

Option Type:	Put

Option Style:	European Option

Seller:	Kensington

Buyer:	Wingate

Exchanges:	None

Related Exchange:	None

Expiration Time:	4 p.m. New York time on the Expiration Date

Automatic Exercise:	Applicable

Settlement Currency:	USD

Independent Amount:	“Independent Amount” means, with respect to Kensington for this Transaction, not applicable. The parties acknowledge and agree that Wingate will not require Kensington to Transfer an Independent Amount in respect of this Transaction in consideration for Kensington’s agreement to receive the Premium plus the Premium Interest Amount in arrears on the Premium Payment Date.

Settlement Currency:	USD

Option Terms:

Number of Options:	One (1)

Option Entitlement:	On the Exercise Date the Buyer may exercise all or any portion of the Basket

Basket:	USD 250,000,000 aggregate principal amount of 12.5% E*TRADE Financial Corporation Springing Lien Notes due 2017

Strike Price:	USD 72.00%

Premium:	USD 36,172,434 (the “Initial Premium”). The Initial Premium was calculated by the Calculation Agent utilizing a fair market value with respect to the Basket of 75.43% of the Basket. The Initial Premium shall be subject to adjustment as follows: (i) As soon as reasonable practicable following the Trade Date the Calculation Agent shall solicit a fairness opinion as to the Initial Premium from an internationally recognized independent dealer in the securities comprising the Basket. The fairness opinion shall specify a range (the “Fairness Premium Range”) within which the Premium must fall in order to be subject to such fairness opinion.

	(a) If the Initial Premium is within the Fairness Premium Range, the Initial Premium shall be the Premium with respect to this Transaction. (b) If the Initial Premium is not within the Fairness Premium Range, the Calculation Agent shall adjust the Initial Premium by an amount (which may be a positive or negative amount) (the “Premium Adjustment Amount”) equal to the amount required such that the aggregate of the Initial Premium and the Premium Adjustment Amount (the “Adjusted Initial Premium”) is an amount equal to the median of the Fairness Premium Range, and the Adjusted Initial Premium shall be the Premium with respect to this Transaction. (ii) The Premium shall accrue interest for each day during the period from (and including) the Trade Date to (but excluding) the Premium Payment Date at the Fed Funds Rate (the “Premium Interest Amount”). . “Fed Funds Rate” means, The Fed Funds Rate shown in Bloomberg on page FEDSOPEN<INDEX> or, if no such page is available, as published by Garban Ltd. as the Garban Intercapital Federal Funds Rate Open, for the relevant day.

Premium Payment Date:	Two (2) Currency Business Days following the Valuation Date. On the Premium Payment Date Wingate shall pay Kensington the Premium together with the Premium Interest Amount.

Expiration Date:	February 27, 2009

Cash Settlement:	Applicable

Valuation Date:	The Expiration Date

Cash Settlement Payment Date:	Two (2) Currency Business Days following the Valuation Date

Settlement Price:	As of the Valuation Time on the Valuation Date, the aggregate of the USD amounts determined by the Calculation Agent with respect to each security or group of securities (as applicable) comprising the Basket equal to the average of two indicative bid quotations for the relevant such security or securities from two (2) internationally recognized independent dealers in such security or securities. If only one such bid quotation is available, the Settlement Price for the relevant security or securities shall be such bid quotation. If no such bid quotations are available the Calculation Agent shall determine the Settlement Price for the relevant security or securities in good faith and in a commercially reasonable manner.

Additional Provisions:

Share Adjustments:

Method of Adjustment:	Calculation Agent Adjustment

Extraordinary Events:

Consequences of Merger Events:

Share-for-Share:	Calculation Agent Adjustment

Share-for-Other:	Calculation Agent Adjustment

Share-for-Combined:	Calculation Agent Adjustment

Tender Offer:	Applicable

Consequences of Tender Offers:

Share-for-Share:	Calculation Agent Adjustment

Share-for-Other:	Calculation Agent Adjustment

Share-for-Combined:	Calculation Agent Adjustment

Tender Offers:	Applicable; provided that Section 12.1(d) of the Equity Definitions is hereby amended by (a) replacing “10%” with “or equal to 50%” in the third line thereof and (b) adding “, or of the outstanding Shares,” before “of the Issuer” in the fourth line thereof. Sections 12.1(e) and 12.1(l)(ii) of the Equity Definitions are hereby amended by adding “or Shares, as applicable,” after “voting shares”

Calculation Agent Adjustment:	(a) The definition of “Calculation Agent Adjustment” in Sections 12.2 and 12.3 of the Equity Definitions shall be amended by deleting clause (ii) thereof and replacing it with “(ii) if the Calculation Agent determines that no adjustment that it could make under (i) will produce a commercially reasonable result, notify the parties that the relevant consequence shall be the cancellation of the portion of the Transaction represented by Affected Shares, in which case “Partial Cancellation and Payment” will be deemed to apply and any payment to be made by one party to the other shall be calculated in accordance with Section 12.7.

Composition of Combined Consideration:	Not Applicable

Nationalization, Insolvency or Delisting:	Negotiated Close-out

Additional Disruption Events:

Change in Law:	Applicable Section 12.9(a)(ii) of the Equity Definitions is replaced in its entirety by the words: “Change in Law” means that, on or after the Trade Date of this Transaction (A) due to the adoption of or any change in any applicable law or regulation (including, without limitation, any tax law), or (B) due to the promulgation of or any change in the interpretation by any court, tribunal or regulatory authority with competent jurisdiction of any applicable law or regulation (including any action taken by a taxing authority), the Calculation Agent determines in good faith that it has become illegal for a party to this Transaction to hold, acquire or dispose of Hedge Positions relating to such Transaction, provided that this Section 12.9(a)(ii) shall not apply if the Calculation Agent determines that such party could have taken reasonable steps to avoid such illegality Section 12.9(b)(i) of the Equity Definitions is hereby amended by (i) inserting the words “or partially terminate the portion of the Transaction represented by Shares affected by the Change in Law” after the word “terminate” in the third line thereof, (ii) inserting the words “or partial termination” following the word “termination” in the fourth line thereof, (iii) the insertion of the words “or relevant portion thereof” after the word “Transaction” in the fifth line thereof.

Insolvency Filing:	Not Applicable

Hedging Disruption:	Not Applicable

Increased Cost of Hedging:	Not Applicable

Loss of Stock Borrow:	Not Applicable

Increased Cost of Stock Borrow:	Not Applicable

Determining Party:	Wingate and Kensington

Non-Reliance:	Applicable

Agreements and Acknowledgments Regarding Hedging Activities:	Applicable

Additional Acknowledgments:	Applicable

Calculation Agent:

[remainder of page left intentionally blank]

Please confirm your agreement to be bound by the terms of the foregoing by executing a copy of this Confirmation.

Kensington Financial Investments Ltd.

By: /s/ Adam C. Cooper

Name: Adam C. Cooper

Title: Director

Wingate Capital Ltd.

By: Citadel Limited Partnership, Portfolio Manager

By: Citadel Investment Group, L.L.C., its General Partner

By: /s/ Gerald A. Beeson

Name: Gerald A. Beeson

Title: Senior Managing Director & Chief Financial Officer

ANNEX I

CSA - Paragraph 13 Elections

	(i)	The parties intend that each party secure its obligations to the other pursuant to the Agreement and this Confirmation (the “Obligations”). The Pledgor hereby pledges to the Secured Party as security for its Obligations and grants the Secured Party a first priority continuing security interest in, lien on and right of set-off against all collateral, margin or other property transferred or delivered to Secured Party hereunder. For purposes of the Agreement and this Transaction, the following elections shall be deemed to constitute a Paragraph 13 - Elections and Variables for purposes of the CSA:

	(ii)	Valuation Agent shall mean, Wingate and Kensington

	(iii)	Eligible Collateral and Valuation Percentage:

USD Cash	100%

Treasury Securities having a remaining term to maturity of not more than 1 year (“Treasury Bills”)	100%

Treasury Securities having a remaining term to maturity of more than 1 year but not more than 10 years (“Treasury Notes”)	98%

Treasury Securities having a remaining term to maturity of more than 10 years (“Treasury Bonds”)	96%

	(iv)	Exposure. Exposure shall have the meaning set forth in Paragraph 12 of the CSA.

	(v)	Threshold shall mean, with respect to each of the parties, zero;

	(vi)	Minimum Transfer Amount shall mean: zero;

	(vii)	Independent Amount shall mean, with respect to Kensington: as specified in this Confirmation;

	(viii)	Delivery Amount and Return Amount will be rounded up and down to the nearest integral multiple of U.S.$10,000, respectively, or to the nearest multiple of USD 1, if no Transactions are outstanding;

	(ix)	Valuation Date shall mean each Business Day during the Term;

	(x)	Valuation Time means the close of business on the Local Business Day before the Valuation Date;

	(xi)	Notification Time means 11:00 a.m., New York time, on a Local Business Day;

	(xii)	Eligibility to Hold and Use Posted Collateral: Both parties will be entitled to hold Posted Collateral itself or through a Custodian pursuant to Paragraph 6(b), and the provisions of Paragraph 6 (c) will apply to both parties;

	(xiii)	Interest Rate means the rate per annum equal to the overnight Federal Funds Rate as reported in the Federal Reserve’s weekly statistical release designated H.15(519) (or any successor publication).

Date: November 29, 2007

To: Wingate Capital Ltd. (“Wingate”)

From: Kensington Financial Investments Ltd. (“Kensington”)

Confirmation for Share Basket Option Transaction

The terms of the particular Transaction to which this Confirmation relates are as follows:

General Terms:

Trade Date:	November 29, 2007

Option Type:	Put

Option Style:	European Option

Seller:	Kensington

Buyer:	Wingate

Exchanges:	None

Related Exchange:	None

Expiration Time:	4 p.m. New York time on the Expiration Date

Automatic Exercise:	Applicable

Settlement Currency:	USD

Independent Amount:	“Independent Amount” means, with respect to Kensington for this Transaction, not applicable. The parties acknowledge and agree that Wingate will not require Kensington to Transfer an Independent Amount in respect of this Transaction in consideration for Kensington’s agreement to receive the Premium plus the Premium Interest Amount in arrears on the Premium Payment Date.

Settlement Currency:	USD

Option Terms:

Number of Options:	One (1)

Option Entitlement:	On the Exercise Date the Buyer may exercise all or any portion of the Basket

Basket:	USD 250,000,000 aggregate principal amount of 12.5% E*TRADE Financial Corporation Springing Lien Notes due 2017

Strike Price:	USD 72.00%

Premium:	USD 39,117,322 (the “Initial Premium”). The Initial Premium was calculated by the Calculation Agent utilizing a fair market value with respect to the Basket of 75.43% of the Basket. The Initial Premium shall be subject to adjustment as follows: (i) As soon as reasonable practicable following the Trade Date the Calculation Agent shall solicit a fairness opinion as to the Initial Premium from an internationally recognized independent dealer in the securities comprising the Basket. The fairness opinion shall specify a range (the “Fairness Premium Range”) within which the Premium must fall in order to be subject to such fairness opinion.

	(a) If the Initial Premium is within the Fairness Premium Range, the Initial Premium shall be the Premium with respect to this Transaction. (b) If the Initial Premium is not within the Fairness Premium Range, the Calculation Agent shall adjust the Initial Premium by an amount (which may be a positive or negative amount) (the “Premium Adjustment Amount”) equal to the amount required such that the aggregate of the Initial Premium and the Premium Adjustment Amount (the “Adjusted Initial Premium”) is an amount equal to the median of the Fairness Premium Range, and the Adjusted Initial Premium shall be the Premium with respect to this Transaction. (ii) The Premium shall accrue interest for each day during the period from (and including) the Trade Date to (but excluding) the Premium Payment Date at the Fed Funds Rate (the “Premium Interest Amount”.) “Fed Funds Rate” means, The Fed Funds Rate shown in Bloomberg on page FEDSOPEN<INDEX> or, if no such page is available, as published by Garban Ltd. as the Garban Intercapital Federal Funds Rate Open, for the relevant day.
Premium Payment Date:	Two (2) Currency Business Days following the Valuation Date. On the Premium Payment Date Wingate shall pay Kensington the Premium together with the Premium Interest Amount.

Expiration Date:	May 29, 2009

Cash Settlement:	Applicable

Valuation Date:	The Expiration Date

Cash Settlement Payment Date:	Two (2) Currency Business Days following the Valuation Date

Settlement Price:	As of the Valuation Time on the Valuation Date, the aggregate of the USD amounts determined by the Calculation Agent with respect to each security or group of securities (as applicable) comprising the Basket equal to the average of two indicative bid quotations for the relevant such security or securities from two (2) internationally recognized independent dealers in such security or securities. If only one such bid quotation is available, the Settlement Price for the relevant security or securities shall be such bid quotation. If no such bid quotations are available the Calculation Agent shall determine the Settlement Price for the relevant security or securities in good faith and in a commercially reasonable manner.

Additional Provisions:

Share Adjustments:

Method of Adjustment:	Calculation Agent Adjustment

Extraordinary Events:

Consequences of Merger Events:

Share-for-Share:	Calculation Agent Adjustment

Share-for-Other:	Calculation Agent Adjustment

Share-for-Combined:	Calculation Agent Adjustment

Tender Offer:	Applicable

Consequences of Tender Offers:

Share-for-Share:	Calculation Agent Adjustment

Share-for-Other:	Calculation Agent Adjustment

Share-for-Combined:	Calculation Agent Adjustment

Tender Offers:	Applicable; provided that Section 12.1(d) of the Equity Definitions is hereby amended by (a) replacing “10%” with “or equal to 50%” in the third line thereof and (b) adding “, or of the outstanding Shares,” before “of the Issuer” in the fourth line thereof. Sections 12.1(e) and 12.1(l)(ii) of the Equity Definitions are hereby amended by adding “or Shares, as applicable,” after “voting shares”

Calculation Agent Adjustment:	(a) The definition of “Calculation Agent Adjustment” in Sections 12.2 and 12.3 of the Equity Definitions shall be amended by deleting clause (ii) thereof and replacing it with “(ii) if the Calculation Agent determines that no adjustment that it could make under (i) will produce a commercially reasonable result, notify the parties that the relevant consequence shall be the cancellation of the portion of the Transaction represented by Affected Shares, in which case “Partial Cancellation and Payment” will be deemed to apply and any payment to be made by one party to the other shall be calculated in accordance with Section 12.7.

Composition of Combined Consideration:	Not Applicable

Nationalization, Insolvency or Delisting:	Negotiated Close-out

Additional Disruption Events:

Change in Law:	Applicable Section 12.9(a)(ii) of the Equity Definitions is replaced in its entirety by the words: “Change in Law” means that, on or after the Trade Date of this Transaction (A) due to the adoption of or any change in any applicable law or regulation (including, without limitation, any tax law), or (B) due to the promulgation of or any change in the interpretation by any court, tribunal or regulatory authority with competent jurisdiction of any applicable law or regulation (including any action taken by a taxing authority), the Calculation Agent determines in good faith that it has become illegal for a party to this Transaction to hold, acquire or dispose of Hedge Positions relating to such Transaction, provided that this Section 12.9(a)(ii) shall not apply if the Calculation Agent determines that such party could have taken reasonable steps to avoid such illegality Section 12.9(b)(i) of the Equity Definitions is hereby amended by (i) inserting the words “or partially terminate the portion of the Transaction represented by Shares affected by the Change in Law” after the word “terminate” in the third line thereof, (ii) inserting the words “or partial termination” following the word “termination” in the fourth line thereof, (iii) the insertion of the words “or relevant portion thereof” after the word “Transaction” in the fifth line thereof.

Insolvency Filing:	Not Applicable

Hedging Disruption:	Not Applicable

Increased Cost of Hedging:	Not Applicable

Loss of Stock Borrow:	Not Applicable

Increased Cost of Stock Borrow:	Not Applicable

Determining Party:	Wingate and Kensington

Non-Reliance:	Applicable

Agreements and Acknowledgments Regarding Hedging Activities:	Applicable

Additional Acknowledgments:	Applicable

Calculation Agent:

[remainder of page left intentionally blank]

Please confirm your agreement to be bound by the terms of the foregoing by executing a copy of this Confirmation.

Kensington Financial Investments Ltd.

By: /s/ Adam C. Cooper

Name: Adam C. Cooper

Title: Director

Wingate Capital Ltd.

By: Citadel Limited Partnership, Portfolio Manager

By: Citadel Investment Group, L.L.C., its General Partner

By: /s/ Gerald A. Beeson

Name: Gerald A. Beeson

Title: Senior Managing Director & Chief Financial Officer

ANNEX I

CSA - Paragraph 13 Elections

	(i)	The parties intend that each party secure its obligations to the other pursuant to the Agreement and this Confirmation (the “Obligations”). The Pledgor hereby pledges to the Secured Party as security for its Obligations and grants the Secured Party a first priority continuing security interest in, lien on and right of set-off against all collateral, margin or other property transferred or delivered to Secured Party hereunder. For purposes of the Agreement and this Transaction, the following elections shall be deemed to constitute a Paragraph 13 - Elections and Variables for purposes of the CSA:

	(ii)	Valuation Agent shall mean, Wingate and Kensington

	(iii)	Eligible Collateral and Valuation Percentage:

USD Cash	100%
Treasury Securities having a remaining term to maturity of not more than 1 year (“Treasury Bills”)	100%
Treasury Securities having a remaining term to maturity of more than 1 year but not more than 10 years (“Treasury Notes”)	98%
Treasury Securities having a remaining term to maturity of more than 10 years (“Treasury Bonds”)	96%

	(iv)	Exposure. Exposure shall have the meaning set forth in Paragraph 12 of the CSA.

	(v)	Threshold shall mean, with respect to each of the parties, zero;

	(vi)	Minimum Transfer Amount shall mean: zero;

	(vii)	Independent Amount shall mean, with respect to Kensington: as specified in this Confirmation;

	(viii)	Delivery Amount and Return Amount will be rounded up and down to the nearest integral multiple of U.S.$10,000, respectively, or to the nearest multiple of USD 1, if no Transactions are outstanding;

	(ix)	Valuation Date shall mean each Business Day during the Term;

	(x)	Valuation Time means the close of business on the Local Business Day before the Valuation Date;

	(xi)	Notification Time means 11:00 a.m., New York time, on a Local Business Day;

	(xii)	Eligibility to Hold and Use Posted Collateral: Both parties will be entitled to hold Posted Collateral itself or through a Custodian pursuant to Paragraph 6(b), and the provisions of Paragraph 6 (c) will apply to both parties;

	(xiii)	Interest Rate means the rate per annum equal to the overnight Federal Funds Rate as reported in the Federal Reserve’s weekly statistical release designated H.15(519) (or any successor publication).

Date: November 29, 2007

To: Wingate Capital Ltd. (“Wingate”)

From: Kensington Financial Investments Ltd. (“Kensington”)

Confirmation for Share Basket Option Transaction

The terms of the particular Transaction to which this Confirmation relates are as follows:

General Terms:

Trade Date:	November 29, 2007

Option Type:	Put

Option Style:	European Option

Seller:	Kensington

Buyer:	Wingate

Exchanges:	None

Related Exchange:	None

Expiration Time:	4 p.m. New York time on the Expiration Date

Automatic Exercise:	Applicable

Settlement Currency:	USD

Independent Amount:	“Independent Amount” means, with respect to Kensington for this Transaction, not applicable. The parties acknowledge and agree that Wingate will not require Kensington to Transfer an Independent Amount in respect of this Transaction in consideration for Kensington’s agreement to receive the Premium plus the Premium Interest Amount in arrears on the Premium Payment Date.

Settlement Currency:	USD

Option Terms:

Number of Options:	One (1)

Option Entitlement:	On the Exercise Date the Buyer may exercise all or any portion of the Basket

Basket:	USD 250,000,000 aggregate principal amount of 12.5% E*TRADE Financial Corporation Springing Lien Notes due 2017

Strike Price:	USD 72.00%

Premium:	USD 41,709,767 (the “Initial Premium”). The Initial Premium was calculated by the Calculation Agent utilizing a fair market value with respect to the Basket of 75.43% of the Basket. The Initial Premium shall be subject to adjustment as follows: (i) As soon as reasonable practicable following the Trade Date the Calculation Agent shall solicit a fairness opinion as to the Initial Premium from an internationally recognized independent dealer in the securities comprising the Basket. The fairness opinion shall specify a range (the “Fairness Premium Range”) within which the Premium must fall in order to be subject to such fairness opinion.


	(a) If the Initial Premium is within the Fairness Premium Range, the Initial Premium shall be the Premium with respect to this Transaction. (b) If the Initial Premium is not within the Fairness Premium Range, the Calculation Agent shall adjust the Initial Premium by an amount (which may be a positive or negative amount) (the “Premium Adjustment Amount”) equal to the amount required such that the aggregate of the Initial Premium and the Premium Adjustment Amount (the “Adjusted Initial Premium”) is an amount equal to the median of the Fairness Premium Range, and the Adjusted Initial Premium shall be the Premium with respect to this Transaction. (ii) The Premium shall accrue interest for each day during the period from (and including) the Trade Date to (but excluding) the Premium Payment Date at the Fed Funds Rate (the “Premium Interest Amount”). “Fed Funds Rate” means, The Fed Funds Rate shown in Bloomberg on page FEDSOPEN<INDEX> or, if no such page is available, as published by Garban Ltd. as the Garban Intercapital Federal Funds Rate Open, for the relevant day.

Premium Payment Date:	Two (2) Currency Business Days following the Valuation Date. On the Premium Payment Date Wingate shall pay Kensington the Premium together with the Premium Interest Amount.

Expiration Date:	August 28, 2009

Cash Settlement:	Applicable

Valuation Date:	The Expiration Date

Cash Settlement Payment Date:	Two (2) Currency Business Days following the Valuation Date

Settlement Price:	As of the Valuation Time on the Valuation Date, the aggregate of the USD amounts determined by the Calculation Agent with respect to each security or group of securities (as applicable) comprising the Basket equal to the average of two indicative bid quotations for the relevant such security or securities from two (2) internationally recognized independent dealers in such security or securities. If only one such bid quotation is available, the Settlement Price for the relevant security or securities shall be such bid quotation. If no such bid quotations are available the Calculation Agent shall determine the Settlement Price for the relevant security or securities in good faith and in a commercially reasonable manner.

Additional Provisions:

Share Adjustments:

Method of Adjustment:	Calculation Agent Adjustment

Extraordinary Events:

Consequences of Merger Events:

Share-for-Share:	Calculation Agent Adjustment

Share-for-Other:	Calculation Agent Adjustment

Share-for-Combined:	Calculation Agent Adjustment

Tender Offer:	Applicable

Consequences of Tender Offers:

Share-for-Share:	Calculation Agent Adjustment

Share-for-Other:	Calculation Agent Adjustment

Share-for-Combined:	Calculation Agent Adjustment

Tender Offers:	Applicable; provided that Section 12.1(d) of the Equity Definitions is hereby amended by (a) replacing “10%” with “or equal to 50%” in the third line thereof and (b) adding “, or of the outstanding Shares,” before “of the Issuer” in the fourth line thereof. Sections 12.1(e) and 12.1(l)(ii) of the Equity Definitions are hereby amended by adding “or Shares, as applicable,” after “voting shares”

Calculation Agent Adjustment:	(a) The definition of “Calculation Agent Adjustment” in Sections 12.2 and 12.3 of the Equity Definitions shall be amended by deleting clause (ii) thereof and replacing it with “(ii) if the Calculation Agent determines that no adjustment that it could make under (i) will produce a commercially reasonable result, notify the parties that the relevant consequence shall be the cancellation of the portion of the Transaction represented by Affected Shares, in which case “Partial Cancellation and Payment” will be deemed to apply and any payment to be made by one party to the other shall be calculated in accordance with Section 12.7.

Composition of Combined Consideration:	Not Applicable

Nationalization, Insolvency or Delisting:	Negotiated Close-out

Additional Disruption Events:

Change in Law:	Applicable Section 12.9(a)(ii) of the Equity Definitions is replaced in its entirety by the words: “Change in Law” means that, on or after the Trade Date of this Transaction (A) due to the adoption of or any change in any applicable law or regulation (including, without limitation, any tax law), or (B) due to the promulgation of or any change in the interpretation by any court, tribunal or regulatory authority with competent jurisdiction of any applicable law or regulation (including any action taken by a taxing authority), the Calculation Agent determines in good faith that it has become illegal for a party to this Transaction to hold, acquire or dispose of Hedge Positions relating to such Transaction, provided that this Section 12.9(a)(ii) shall not apply if the Calculation Agent determines that such party could have taken reasonable steps to avoid such illegality Section 12.9(b)(i) of the Equity Definitions is hereby amended by (i) inserting the words “or partially terminate the portion of the Transaction represented by Shares affected by the Change in Law” after the word “terminate” in the third line thereof, (ii) inserting the words “or partial termination” following the word “termination” in the fourth line thereof, (iii) the insertion of the words “or relevant portion thereof” after the word “Transaction” in the fifth line thereof.

Insolvency Filing:	Not Applicable

Hedging Disruption:	Not Applicable

Increased Cost of Hedging:	Not Applicable

Loss of Stock Borrow:	Not Applicable

Increased Cost of Stock Borrow:	Not Applicable

Determining Party:	Wingate and Kensington

Non-Reliance:	Applicable

Agreements and Acknowledgments Regarding Hedging Activities:	Applicable

Additional Acknowledgments:	Applicable

Calculation Agent:

[remainder of page left intentionally blank]

Please confirm your agreement to be bound by the terms of the foregoing by executing a copy of this Confirmation.

Kensington Financial Investments Ltd.

By: /s/ Adam C. Cooper

Name: Adam C. Cooper

Title: Director

Wingate Capital Ltd.

By: Citadel Limited Partnership, Portfolio Manager

By: Citadel Investment Group, L.L.C., its General Partner

By: /s/ Gerald A. Beeson

Name: Gerald A. Beeson

Title: Senior Managing Director & Chief Financial Officer

ANNEX I

CSA - Paragraph 13 Elections

	(i)	The parties intend that each party secure its obligations to the other pursuant to the Agreement and this Confirmation (the “Obligations”). The Pledgor hereby pledges to the Secured Party as security for its Obligations and grants the Secured Party a first priority continuing security interest in, lien on and right of set-off against all collateral, margin or other property transferred or delivered to Secured Party hereunder. For purposes of the Agreement and this Transaction, the following elections shall be deemed to constitute a Paragraph 13 - Elections and Variables for purposes of the CSA:

	(ii)	Valuation Agent shall mean, Wingate and Kensington

	(iii)	Eligible Collateral and Valuation Percentage:

USD Cash	100%

Treasury Securities having a remaining term to maturity of not more than 1 year (“Treasury Bills”)	100%

Treasury Securities having a remaining term to maturity of more than 1 year but not more than 10 years (“Treasury Notes”)	98%

Treasury Securities having a remaining term to maturity of more than 10 years (“Treasury Bonds”)	96%

	(iv)	Exposure. Exposure shall have the meaning set forth in Paragraph 12 of the CSA.

	(v)	Threshold shall mean, with respect to each of the parties, zero;

	(vi)	Minimum Transfer Amount shall mean: zero;

	(vii)	Independent Amount shall mean, with respect to Kensington: as specified in this Confirmation;

	(viii)	Delivery Amount and Return Amount will be rounded up and down to the nearest integral multiple of U.S.$10,000, respectively, or to the nearest multiple of USD 1, if no Transactions are outstanding;

	(ix)	Valuation Date shall mean each Business Day during the Term;

	(x)	Valuation Time means the close of business on the Local Business Day before the Valuation Date;

	(xi)	Notification Time means 11:00 a.m., New York time, on a Local Business Day;

	(xii)	Eligibility to Hold and Use Posted Collateral: Both parties will be entitled to hold Posted Collateral itself or through a Custodian pursuant to Paragraph 6(b), and the provisions of Paragraph 6(c) will apply to both parties;

	(xiii)	Interest Rate means the rate per annum equal to the overnight Federal Funds Rate as reported in the Federal Reserve’s weekly statistical release designated H.15(519) (or any successor publication).

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