SEC NEWS DIGEST Issue 2003-36 February 25, 2003 ENFORCEMENT PROCEEDINGS SEC SUES FORMER AND CURRENT QWEST EMPLOYEES FOR FRAUD The Securities and Exchange Commission today filed civil fraud charges against eight current and former officers and employees of Qwest Communications International Inc., alleging that they inflated the company's revenues by approximately $144 million in 2000 and 2001 in order to meet earnings projections and revenue expectations. The Commission's lawsuit, filed in U.S. District Court in Denver, seeks anti- fraud injunctions, civil money penalties, disgorgement of ill-gotten gains (including salaries, bonuses, stock and other compensation) and, as to certain defendants, permanent bars from service as an officer or a director of a public company. The Commission's complaint alleges that the defendants artificially accelerated Qwest's recognition of revenue in two equipment sale transactions for its Global Business Markets unit. When Qwest and Global Business determined that Qwest was falling short of its quarterly revenue targets and would not achieve the projected growth for the quarters ending June 30, 2001, and Sept. 30, 2000, the defendants bridged the revenue gap by fraudulently mischaracterizing these transactions. "Accurate financial statements are the bedrock of our capital markets," said SEC Chairman William H. Donaldson. "This agency will pursue aggressively anyone and everyone who has participated in an illegal effort to misrepresent a company's financials and mislead the investing public." Stephen M. Cutler, the Commission's Enforcement Director, said: "This is another example of the extraordinary efforts of the Commission and the Department of Justice to root out corporate fraud and bring enforcement cases against those who would seek to undermine the integrity of the financial reporting process." Randall J. Fons, Director of the Commission's Central Regional Office, added: "The individuals named in the Commission's action bear responsibility for their roles in the creation and dissemination of deceptive financial statements. These individuals acted illegally to carry out Qwest's `make the numbers' culture. The Commission's investigation, however, does not end here. We will continue investigating until all have been brought to justice." The Commission's complaint alleges the following: ASFB Transaction * Joel Arnold, the former senior vice president of Global Business; Grant Graham, the former chief financial officer of Global Business; Thomas W. Hall, the former senior vice president of a division of Global Business; Bryan K. Treadway, the former assistant controller of Qwest; John M. Walker, the former vice president of sales for a division of Global Business; and Douglas K. Hutchins, a former director of Global Business planned and carried out an elaborate scheme to inflate revenues in connection with the sale of Internet equipment and service to the Arizona School Facilities Board (ASFB). * The scheme involved artificially separating the equipment sale from the installation services and wrongfully characterizing the sale as a bill-and- hold transaction under generally accepted accounting principles. It also included accelerated delivery of equipment necessary for the two-year project and delivery of equipment that was not approved for the ASFB project. To support immediate recognition of revenue for sale of the equipment, the defendants prepared and furnished to their auditors false letter agreements for ASFB and a fraudulent internal memorandum. * As a result of the fraudulent transaction, Qwest recognized approximately $33.6 million in revenue in the quarter ended June 30, 2001. Without the fictitious revenue from the ASFB transaction, Qwest would have fallen short of its projected 12 to 13 percent revenue growth for the quarter. Genuity Transaction * Richard L. Weston, the former senior vice president in Product Development for Qwest's Internet Solutions unit, and William L. Eveleth, the current CFO of Qwest's Corporate Planning and Operational Finance unit and senior vice president of Finance, along with Arnold and Graham, participated in a scheme in which Qwest artificially characterized one transaction with Genuity Inc., an Internet service provider, as two separate contracts. * In the first contract, Qwest purported to sell equipment to Genuity at an improperly inflated price. In a second contract, Qwest agreed to provide services to Genuity at a loss to Qwest, and reassumed all risk of loss and obsolescence on the equipment purportedly sold pursuant to the first contract. * As a result of the fraudulent transaction, Qwest improperly recognized $100 million in revenue and claimed $80 million in earnings before interest, taxes, depreciation, and amortization (EBITDA) in the quarter ended Sept. 30, 2000. Without the fictitious revenue from the Genuity transaction, Qwest would not have achieved the projected double-digit growth for the quarter, and would have recognized growth of 9.8 percent above the same quarter of the prior year rather than the announced 12.4 percent. * Qwest also improperly recognized revenue of approximately $2.6 million in the quarter ended Sept. 30, 2000, and an additional $8 million in the year ended Dec. 31, 2000, under the service agreement despite the fact that Qwest had not begun providing any services. The Commission's complaint seeks an order against all defendants enjoining them from violations of the antifraud, reporting, books-and- records, and internal controls provisions of the federal securities laws; imposing civil money penalties; and ordering disgorgement of all ill-gotten gains, including salaries, bonuses, stock and other compensation made during their fraudulent activities. The Commission further seeks orders against Arnold, Graham, Hall, Treadway and Weston permanently barring them from acting as a director or officer of a publicly held company. The Commission filed its action at the same time that the U.S. Attorney's Office for the District of Colorado announced indictments against certain individuals for conduct in the ASFB transaction that is the subject of the Commission's complaint. The Commission's investigation into the conduct of others is continuing. [SEC v. Joel M. Arnold, William L. Eveleth, Grant Graham, Thomas W. Hall, Douglas K. Hutchins, Brian K. Treadway, John M. Walker, and Richard L. Weston, No. (D. Co.) CV 03-Z-0328, OES] (LR-17996; Press Rel. 2003-25) INITIAL DECISION ISSUED IN THE MATTER OF HAMILTON BANCORP, INC. An Administrative Law Judge has issued an initial decision in Administrative Proceeding No. 3-10976, In the Matter of Hamilton Bancorp, Inc. Hamilton Bancorp, Inc. is registered with the Commission pursuant to Section 12(g) of the Securities Exchange Act of 1934 and has been registered since March 5, 1997. The Order Instituting Proceedings alleged that the respondent had failed to comply with Section 13(a) of the Exchange Act and Rules 13a-1 and 13a-13 thereunder, in that it failed to file an annual report on Form 10-K for the year ended December 31, 2001, and quarterly reports on Form 10-Q for the periods ended March 31, 2002, and June 30, 2002. The initial decision finds the allegations in the OIP to be true and revokes the registration of Hamilton Bancorp Inc.'s securities pursuant to Section 12(j) of the Exchange Act. (Initial Decision No. 223) FEDERAL COURT ENJOINS TWO SALESMEN IN NATIONWIDE SECURITIES FRAUD The Commission announced today that the Honorable Horace T. Ward, United States District Judge for the Northern District of Georgia, entered Orders of Permanent Injunction and Other Relief Against Defendants Paul E. Brodhagen and Michael J. Wright restraining and enjoining them from further violations of Sections 5(a), 5(c) and 17(a) of the Securities Act of 1933, Sections 10(b) and 15(a) of the Securities Exchange Act of 1934, and Rule 10b-5 thereunder. Brodhagen and Wright were ordered to pay disgorgement, prejudgment interest and civil penalties in amounts to be resolved upon motion of the Commission at a later date. Brodhagen and Wright consented to the entries of the judgments without admitting or denying any of the allegations of the Commission's complaint. The Commission's complaint alleged that Brodhagen, Wright and James L. George, while acting as facilitators in Tri-Star Investment Group, L.L.C., fraudulently offered and sold unregistered securities as part of a larger scheme in which Louis M. Lazorwitz, J. Charles Reives and Tri- Star sold securities interests in Tri-Star to over 900 investors in at least 35 states, and raised $15 million. Tri-Star, through Lazorwitz and Reives, initially represented that Tri-Star would invest in bank debentures and later claimed that it might invest in other international trade opportunities. The complaint also alleges that George, Brodhagen and Wright offered and sold TriStar directly and led investors to expect profits of 20% per month in so-called 13-month trading programs, after an initial 90-day waiting period, but that the defendants lacked a reasonable basis to project such profits. [SEC v. James L. George, Paul E. Brodhagen, and Michael J. Wright, Civil Action No. 1:02-CV-3310-HTW, N.D. Ga.] (LR-17994) FORMER HEDGE FUND MANAGER EDWARD JUNG INDICTED IN $21 MILLION INVESTMENT FRAUD SCHEME On February 18, 2003, the United States Attorney for the Northern District of Illinois filed criminal charges against Edward Thomas Jung, the former manager of a hedge fund known as Strategic Income Fund, L.L.C. According to the indictment, Jung was the sole manager of the Strategic Income Fund and the controlling general partner of ETJ Partners, Ltd., a broker-dealer through which Jung traded stock options on the Chicago Board Options Exchange. The indictment charges Jung with ten counts of wire and securities fraud in connection with a fraudulent scheme that caused approximately 55 investors to lose more than $21 million. In June of 2001, the Commission filed a civil complaint against Jung and ETJ Partners in connection with the scheme described above, charging Jung and ETJ Partners had violated the antifraud provisions of the federal securities laws. On March 14, 2002, the United States District Court for the Northern District of Illinois entered a final judgment order against Jung and ETJ Partners, pursuant to their consent, which enjoined Jung and ETJ Partners from further violations of the antifraud provisions of the federal securities laws. On March 28, 2002, the Commission entered an order in an administrative proceeding filed against Jung and ETJ Partners which barred Jung from association with any broker or dealer or investment adviser and which revoked ETJ Partners registration with the Commission as a broker-dealer. [U.S. v. Edward Thomas Jung, United States District Court for the Northern District of Illinois, Case No. 03-CR-172] (LR-17995) HOLDING COMPANY ACT RELEASES E.ON AG An order has been issued on a proposal by E.ON AG releasing jurisdiction and authorizing changes in corporate structure. (Rels. 35-27654; ISR- 1267) SELF-REGULATORY ORGANIZATIONS IMMEDIATE EFFECTIVENESS OF PROPOSED RULE CHANGES A proposed rule change filed by the Pacific Exchange (SR-PCX-2003-01) relating to determination of top 120 and 250 issues has become immediately effective under Section 19(b)(3)(A) of the Securities Exchange Act of 1934. Publication of the proposal is expected in the Federal Register during the week of February 24. (Rel. 34-47388) A proposed rule change (SR-NASD-2003-19) filed with the Commission by NASD amending NASD IM-2260 has become immediately effective under Section 19(b)(3)(A) of the Securities Exchange Act of 1934. Publication is expected in the Federal Register during the week of February 24. (Rel. 34-47392) APPROVAL OF PROPOSED RULE CHANGES The Commission approved a proposed rule change (SR-Phlx-2002-34) filed by the Philadelphia Stock Exchange under Rule 19b-4 of the Securities Exchange Act of 1934 establishing procedures to govern the purchase or sale of an Exchange membership. (Rel. 34-47389) The Commission approved the proposed rule change (SR-PCX-2002-20) and Amendment No. 1 thereto submitted under Rule 19b-4 of the Securities Exchange Act of 1934 by the Pacific Exchange relating to a stay of a committee action. Publication is expected in the Federal Register during the week of February 24. (Rel. 34-47378) DELISTING An order has been issued granting the application of the Boston Stock Exchange to strike from listing and registration the Common Stock, no par value, and Common Stock Purchase Warrants, of Noga Electro- Mechanical Industries, LTD., effective at the opening of business on Feb. 26, 2003. (Rel. 34-47397) SECURITIES ACT REGISTRATIONS The following registration statements have been filed with the SEC under the Securities Act of 1933. The reported information appears as follows: Form, Name, Address and Phone Number (if available) of the issuer of the security; Title and the number and/or face amount of the securities being offered; Name of the managing underwriter or depositor (if applicable); File number and date filed; Assigned Branch; and a designation if the statement is a New Issue. Registration statements may be obtained in person or by writing to the Commission's Public Reference Branch at 450 Fifth Street, N.W., Washington, D.C. 20549 or at the following e-mail box address: . In most cases, this information is also available on the Commission's website: . S-8 LANTRONIX INC, 15353 BARNANCA PARKWAY, IRVINE, CA, 92618, 9494533990- 2,150,000 ($1,720,000.00) Equity, (File 333-103395 - Feb. 24) (BR. 03) S-8 ELECTRONIC CLEARING HOUSE INC, 28001 DOROTHY DR, AGOURA HILLS, CA, 91301-2697, 8187068999 - 900,000 ($1,890,020.00) Equity, (File 333-103396 - Feb. 24) (BR. 07) S-1 CHILDTIME LEARNING CENTERS INC, 38345 WEST 10 MILE RD, STE 100, FARMINGTON HILLS, MI, 48335, 8104763200 - 0 ($15,875,000.00) Other, (File 333-103397 - Feb. 24) (BR. 01) S-8 MAGNITUDE INFORMATION SYSTEMS INC, 401 ROUTE 24, CHESTER, NJ, 07930, 9088792722 - 5,000,000 ($575,000.00) Equity, (File 333-103401 - Feb. 24) (BR. 03) S-8 AMERICAN PETRO-HUNTER INC, 16055 FRASER HIGHWAY SUITE 205, V3S 2W9, SURREY BC, A1, V3S2W9, 6045970036 - 430,000 ($25,800.00) Equity, (File 333-103402 - Feb. 24) (BR. 04) S-8 NAVIGANT CONSULTING INC, 615 N WABASH, CHICAGO, IL, 60611, 3125735650- 500,000 ($2,940,000.00) Equity, (File 333-103405 - Feb. 24) (BR. 08) S-3 TOYOTA AUTO FINANCE RECEIVABLES LLC, 19001 S WESTERN AVE, TORRANCE, CA, 90509, 3107871310 - 0 ($1,000,000.00) Debt Convertible into Equity, (File 333-103406 - Feb. 24) (BR. 05) RECENT 8K FILINGS Form 8-K is used by companies to file current reports on the following events: Item 1. Changes in Control of Registrant. Item 2. Acquisition or Disposition of Assets. Item 3. Bankruptcy or Receivership. Item 4. Changes in Registrant's Certifying Accountant. Item 5. Other Materially Important Events. Item 6. Resignations of Registrant's Directors. Item 7. Financial Statements and Exhibits. Item 8. Change in Fiscal Year. Item 9. Regulation FD Disclosure. The following companies have filed 8-K reports for the date indicated and/or amendments to 8-K reports previously filed, responding to the item(s) of the form specified. 8-K reports may be obtained in person or by writing to the Commission's Public Reference Branch at 450 Fifth Street, N.W., Washington, D.C. 20549 or at the following e-mail box address: . In most cases, this information is also available on the Commission's website: . STATE 8K ITEM NO. NAME OF ISSUER CODE 1 2 3 4 5 6 7 8 9 DATE COMMENT ------------------------------------------------------------------------------------ 2KSOUNDS CORP NV X 02/21/03 724 SOLUTIONS INC X X 01/22/03 ABN AMRO MORTGAGE CORP DE X X 02/24/03 ABRAXAS PETROLEUM CORP NV X 02/24/03 ADSTAR COM INC DE X X 02/17/03 ADVANTA BUSINESS RECIEVABLES CORP X X 02/25/03 ALICO INC FL X 08/31/03 AMERICAN MILLENNIUM CORP INC NM X X 02/19/03 AMERICAN SKIING CO /ME DE X 02/21/03 AMERICAN UNITED GLOBAL INC DE X 02/15/03 ANTHONY & SYLVAN POOLS CORP OH X 02/21/03 APPIANT TECHNOLOGIES INC DE X 02/21/03 ARABIAN AMERICAN DEVELOPMENT CO DE X 01/31/03 AMEND ARBITRON INC DE X X 02/24/03 ARIAD PHARMACEUTICALS INC DE X X 02/24/03 ARTISOFT INC DE X X 02/24/03 ARVIDA JMB PARTNERS L P DE X X 02/07/03 AUSSIE APPAREL GROUP LTD NV X X 02/17/03 BAY VIEW CAPITAL CORP DE X 02/14/03 BBJ ENVIRONMENTAL TECHNOLOGIES INC NV X X 01/27/03 BIOGEN INC MA X X 02/20/03 BIOGEN INC MA X X 02/20/03 BIOMARIN PHARMACEUTICAL INC DE X X 02/21/03 BOSTON BIOMEDICA INC MA X X 02/13/03 BRADY CORP WI X X 02/20/03 BROWN FORMAN CORP DE X 02/24/03 CAL DIVE INTERNATIONAL INC MN X X 02/17/03 CARECENTRIC INC DE X X 02/24/03 CARREKER CORP DE X X 02/24/03 CATALYST SEMICONDUCTOR INC DE X X 02/20/03 CBRE HOLDING INC DE X 02/20/03 CBRL GROUP INC TN X 02/21/03 CENTRAL BANCORP INC /MA/ MA X 02/21/03 CITIBANK SOUTH DAKOTA N A DE X 01/31/03 CITIBANK SOUTH DAKOTA N A DE X 02/24/03 CITICORP MORTGAGE SECURITIES INC DE X X 02/21/03 CITICORP MORTGAGE SECURITIES INC DE X 02/24/03 CITIFINANCIAL MORTGAGE SECURITIES INC DE X 02/24/03 CNH CAPITAL RECEIVABLES INC DE X X 02/17/03 CNH RECEIVABLES INC DE X X 02/17/03 COGNIZANT TECHNOLOGY SOLUTIONS CORP X X 02/21/03 COMMONWEALTH EQUITIES INC DE X X X X 02/24/03 COMPUTER MOTION INC DE X X 02/13/03 CREDIT SUISSE FIRST BOSTON MORTGAGE S DE X 02/24/03 CULP INC NC X 01/26/03 DALEEN TECHNOLOGIES INC DE X 02/20/03 DEVON ENERGY CORP/DE DE X X 02/23/03 DIGITAL LIGHTWAVE INC DE X 02/24/03 DIMON INC VA X 02/24/03 DISCOVERY PARTNERS INTERNATIONAL INC DE X X 02/13/03 DOANE PET CARE CO DE X 02/21/03 DOCUMENTUM INC DE X 12/10/02 AMEND DOMINION HOMES INC OH X X 02/24/03 ELECTRONIC SYSTEMS TECHNOLOGY INC WA X X 02/21/03 EMERSON ELECTRIC CO MO X 02/24/03 ESG RE LTD X X 02/24/03 EVERCOM INC DE X 02/19/03 FEDERATED DEPARTMENT STORES INC /DE/ DE X 02/24/03 FIBERCORE INC NV X 12/20/02 FIRST NIAGARA FINANCIAL GROUP INC DE X X 02/20/03 FIRST NORTHERN COMMUNITY BANCORP CA X 02/20/03 FIRST SECURITY BANCORP INC /KY/ KY X 12/31/02 FIRST UNION REAL ESTATE EQUITY & MORT OH X X 02/24/03 FLAG TELECOM GROUP LTD X X 02/24/03 FTS APPAREL INC CO X X X 02/14/03 HONDA AUTO RECEIVABLES 2000-1 OWNER T DE X X 01/31/03 HONDA AUTO RECEIVABLES 2001-1 OWNER T DE X X 01/31/03 HONDA AUTO RECEIVABLES 2001-2 OWNER T DE X X 01/31/03 HONDA AUTO RECEIVABLES 2001-3 OWNER T CA X X 01/31/03 HONDA AUTO RECEIVABLES 2002-1 OWNER T CA X X 01/31/03 HONDA AUTO RECEIVABLES 2002-2 OWNER T CA X X 01/31/03 HONDA AUTO RECEIVABLES 2002-3 OWNER T CA X X 01/31/03 HONDA AUTO RECEIVABLES 2002-4 OWNER T CA X X 01/31/03 HUMATECH INC X 02/21/03 I LINK INC FL X X 12/10/02 AMEND IMH ASSETS CORP DE X X 02/24/03 IMPAX LABORATORIES INC DE X 02/24/03 INDEPENDENT BANK CORP MI X 02/24/03 INDEPENDENT BANK CORP MI X 02/24/03 AMEND INTEGRATED HEALTH TECHNOLOGIES INC DE X X 02/21/03 K2 INC DE X X 12/10/02 KERR MCGEE CORP /DE DE X X 02/24/03 KNOWLEDGEMAX INC DE X 02/24/03 LA JOLLA PHARMACEUTICAL CO DE X X 02/24/03 LABORATORY CORP OF AMERICA HOLDINGS DE X 02/24/03 AMEND LANTRONIX INC DE X 02/24/03 LEXINGTON PRECISION CORP DE X X 02/24/03 M&I AUTO LOAN TRUST 2002-1 DE X X 02/20/03 MAF BANCORP INC DE X 02/24/03 MANITOWOC CO INC WI X 02/21/03 MARVEL ENTERPRISES INC DE X 02/24/03 MEDTRONIC INC MN X X 02/12/03 MERRILL LYNCH MORTGAGE INVESTORS INC DE X X 01/31/03 MICRONETICS INC DE X 02/20/03 MORGAN STANLEY DEAN WITTER CAPITAL TR DE X 02/01/03 NATIONAL CITY CORP DE X X 02/24/03 NATIONWIDE FINANCIAL SERVICES INC/ DE X X 02/24/03 NCRIC GROUP INC DC X X 02/21/03 NIMBUS GROUP INC X 02/19/02 NON INVASIVE MONITORING SYSTEMS INC / FL X X 01/21/03 AMEND NOVEX SYSTEMS INTERNATIONAL INC NY X 02/21/03 NTL INC DE X X 02/24/03 NUTEK INC NV X 02/24/03 NUVELO INC NV X X 02/24/03 ONYX ACCEPTANCE OWNER TRUST 2002-A DE X 01/31/03 ONYX ACCEPTANCE OWNER TRUST 2002-B DE X 01/31/03 ONYX ACCEPTANCE OWNER TRUST 2002-C DE X 01/31/03 ONYX ACCEPTANCE OWNER TRUST 2002-D DE X 01/31/03 ONYX ACCEPTANCE OWNER TRUST 2003-A DE X 01/31/03 PACIFICARE HEALTH SYSTEMS INC /DE/ DE X X 02/21/03 PARTSBASE INC DE X 02/21/03 PEERLESS SYSTEMS CORP DE X X 02/05/03 PHH CORP MD X X 02/24/03 PREMIER FINANCIAL BANCORP INC KY X 02/24/03 PRICELINE COM INC DE X 02/24/03 PROTOSOURCE CORP CA X X 02/13/03 QLT INC/BC A1 X X 02/21/03 READERS DIGEST ASSOCIATION INC DE X 02/24/03 REDDING BANCORP CA X X 02/21/03 RELIANCE STEEL & ALUMINUM CO CA X X 02/20/03 RELIANT RESOURCES INC DE X X 02/18/03 RENAISSANCE MORTGAGE ACCEPTANCE CORP DE X 02/24/03 RENT WAY INC PA X 02/10/03 RENT WAY INC PA X X 02/08/03 REPUBLIC BANCORP INC MI X 02/21/03 RESEARCH FRONTIERS INC DE X 02/18/03 RESIDENTIAL ACCREDIT LOANS INC DE X X 02/24/03 RESIDENTIAL ACCREDIT LOANS INC DE X X 02/24/03 RESIDENTIAL FUNDING MORTGAGE SECURITI DE X X 02/24/03 ROYAL APPLIANCE MANUFACTURING CO OH X 02/24/03 SAKS INC TN X X 02/24/03 SALON MEDIA GROUP INC DE X X 02/11/03 SHELBOURNE PROPERTIES I INC DE X X 02/20/03 SHELBOURNE PROPERTIES II INC DE X X 02/20/03 SHELBOURNE PROPERTIES III INC DE X X 02/20/03 SHIRE PHARMACEUTICALS GROUP PLC X X 02/24/03 SISTERSVILLE BANCORP INC DE X X 02/20/03 STANDARD COMMERCIAL CORP NC X X 02/21/03 STRATFORD AMERICAN CORP AZ X X 12/11/02 STRUCTURED ASSET SEC CORP II COM MORT X 02/01/03 STRUCTURED ASSET SECURITIES CORP DE X X 02/20/03 SYCONET COM INC DE X 02/17/03 TECHTEAM GLOBAL INC DE X X 02/24/03 THERMOVIEW INDUSTRIES INC DE X 12/31/02 TRANSDIGM INC DE X X 02/21/03 TRIMERIS INC DE X X 02/24/03 TRUSERV CORP DE X X 02/21/03 UNITED AUTO GROUP INC DE X X 02/24/03 US AIRWAYS GROUP INC DE X X 02/21/03 VANDERBILT MORTGAGE & FINANCE INC TN X X 02/20/03 VAXGEN INC DE X X 02/24/03 VENTAS INC DE X X 02/24/03 VIROPHARMA INC DE X 02/24/03 WABASH NATIONAL CORP /DE DE X 02/21/03 WAL MART STORES INC DE X X 02/18/03 WASHINGTON MUTUAL MORTGAGE SECURITIES DE X 02/20/03 WASHINGTON MUTUAL MORTGAGE SECURITIES DE X 02/20/03 WASHINGTON MUTUAL MORTGAGE SECURITIES DE X 02/20/03 WASHINGTON MUTUAL MORTGAGE SECURITIES DE X X 02/21/03 WASHINGTON MUTUAL MORTGAGE SECURITIES DE X 02/21/03 WASHINGTON MUTUAL MORTGAGE SECURITIES DE X 02/21/03 WASHINGTON MUTUAL MORTGAGE SECURITIES DE X X 02/21/03 WASHINGTON MUTUAL MORTGAGE SECURITIES DE X 02/21/03 WASHINGTON MUTUAL MORTGAGE SECURITIES DE X 02/20/03 WEBSTER FINANCIAL CORP DE X X 02/18/03 WEST PHARMACEUTICAL SERVICES INC PA X X 02/20/03 WESTCORP /CA/ CA X 02/21/03 WFS FINANCIAL INC CA X 02/21/03 WORLD FUEL SERVICES CORP FL X X 02/20/03 WORLD OMNI AUTO RECEIVABLES LLC DE X X 02/24/03 WRESTLE PLEX SPORTS ENTERTAINMENT GRO NV X X X 02/10/03 AMEND