-----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, UDiJUHA2gI7kW8VPymKghLRnuyg0KInOJ7lnu7ejh8YVZIGsK2xtqA96f6A7oqBk P50DUk4qN1mHU2JjLBYGTQ== 0000796489-00-000001.txt : 20000315 0000796489-00-000001.hdr.sgml : 20000315 ACCESSION NUMBER: 0000796489-00-000001 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 19991231 FILED AS OF DATE: 20000314 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SOUTHWEST ROYALTIES INC INCOME FUND VI CENTRAL INDEX KEY: 0000796489 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 752127812 STATE OF INCORPORATION: TN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: SEC FILE NUMBER: 000-15411 FILM NUMBER: 568999 BUSINESS ADDRESS: STREET 1: 407 N BIG SPRING STE 300 CITY: MIDLAND STATE: TX ZIP: 79701 BUSINESS PHONE: 9156869927 MAIL ADDRESS: STREET 1: 407 N BIG SPRING STE 300 CITY: MIDLAND STATE: TX ZIP: 79701 10-K 1 FORM 10-K SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 (Mark One) [x] Annual report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 [Fee Required] For the fiscal year ended December 31, 1999 OR [ ] Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 [No Fee Required] For the transition period from to Commission File Number 0-15411 Southwest Royalties, Inc. Income Fund VI (Exact name of registrant as specified in its limited partnership agreement) Tennessee 75-2127812 (State or other jurisdiction (I.R.S. Employer of incorporation or organization) Identification No.) 407 N. Big Spring, Suite 300, Midland, Texas 79701 (Address of principal executive office) (Zip Code) Registrant's telephone number, including area (915) 686-9927 Securities registered pursuant to Section 12(b) of the Act: None Securities registered pursuant to Section 12(g) of the Act: limited partnership interests Indicate by check mark whether registrant (1) has filed reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days: Yes x No Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. [x] The registrant's outstanding securities consist of Units of limited partnership interests for which there exists no established public market from which to base a calculation of aggregate market value. The total number of pages contained in this report is 50. The exhibit index is found on page 45. Table of Contents Item Page Part I 1. Business 3 2. Properties 7 3. Legal Proceedings 9 4. Submission of Matters to a Vote of Security Holders 9 Part II 5. Market for the Registrant's Common Equity and Related Stockholder Matters 10 6. Selected Financial Data 11 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 12 8. Financial Statements and Supplementary Data 19 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 34 Part III 10. Directors and Executive Officers of the Registrant 35 11. Executive Compensation 37 12. Security Ownership of Certain Beneficial Owners and Management 37 13. Certain Relationships and Related Transactions 39 Part IV 14. Exhibits, Financial Statement Schedules and Reports on Form 8-K 40 Signatures 44 Part I Item 1. Business General Southwest Royalties, Inc. Income Fund VI (the "Partnership" or "Registrant") was organized as a Tennessee limited partnership on December 4, 1986. The offering of limited partnership interests began August 25, 1986, reached minimum capital requirements on October 3, 1986 and concluded January 29, 1987. The Partnership has no subsidiaries. The Partnership has expended its capital and acquired interests in producing oil and gas properties. After such acquisitions, the Partnership has produced and marketed the crude oil and natural gas produced from such properties. In most cases, the Partnership purchased royalty or overriding royalty interests and working interests in oil and gas properties that were converted into net profits interests or other nonoperating interests. The Partnership purchased either all or part of the rights and obligations under various oil and gas leases. The principal executive offices of the Partnership are located at 407 N. Big Spring, Suite 300, Midland, Texas, 79701. The Managing General Partner of the Partnership, Southwest Royalties, Inc. (the "Managing General Partner") and its staff of 97 individuals, together with certain independent consultants used on an "as-needed" basis, perform various services on behalf of the Partnership, including the selection of oil and gas properties and the marketing of production from such properties. H. H. Wommack, III, a stockholder, director, President and Treasurer of the Managing General Partner, is also a general partner. The Partnership has no employees. Principal Products, Marketing and Distribution The Partnership has acquired and holds royalty interests and net profit interests in oil and gas properties located in Texas, Illinois, Colorado and Oklahoma. All activities of the Partnership are confined to the continental United States. All oil and gas produced from these properties is sold to unrelated third parties in the oil and gas business. The revenues generated from the Partnership's oil and gas activities are dependent upon the current market for oil and gas. The prices received by the Partnership for its oil production depend upon numerous factors beyond the Partnership's control, including competition, economic, political and regulatory developments and competitive energy sources, and make it particularly difficult to estimate future prices of oil and natural gas. Oil prices experienced a year of recovery during 1999. After seeing prices languish near $10 per barrel in December 1998, a rebound occurred that would briefly push NYMEX pricing over $27 in late November 1999. Crude oil prices reached $20 per barrel in mid-July and would not fall below $21 the rest of the year. There were drastic improvements to the main factors that gave rise to the worst price depression in history. These improvements provoked a spike in crude oil prices to levels not seen since the Gulf War. First, OPEC has done a remarkable job of adhering to production cuts agreed to in March, despite the temptation to cheat given current pricing. As prices have risen over the last twelve months, OPEC has consistently maintained a compliance rate above 90 percent. Also, most foreign markets are well on their way to recovery, greatly increasing the demand for energy in those countries. These and other factors have eliminated the "oversupply" of crude oil that we experienced in 1998. The near month contract for crude oil settled at $25.60 per barrel on December 30, 1999. In 1999 natural gas prices rose 10% to an average of $2.18/MMBtu, 18 cents higher than the $2.00/MMBtu average seen in 1998. Despite warmer-than- normal heating seasons at both ends of the year, 1999 was the fourth year in a row that prices averaged $2.00/MMBtu or above. Citing lower storage levels and a rising demand for natural gas, industry experts are predicting a "healthy jump" in prices for 2000. Although higher prices in 1999 fueled an increase in production, end of year gas in storage nationwide is only 75% of capacity as compared to 87% at the end of 1998. Further, gas demand is expected to continue to increase at a faster pace than the amount of gas being replaced. A record breaking 70% of single-family homes built in 1999 were equipped with natural gas services ranging from traditional heating to water heating, cooking and grilling. Based on these encouraging statistics, we remain optimistic in our expectation of slightly higher natural gas prices in the coming year, hopefully seeing an average above the $2.20/MMBtu level. Following is a table of the ratios of revenues received from oil and gas production for the last three years: Oil Gas 1999 44% 56% 1998 37% 63% 1997 45% 55% As the table indicates, the Partnership's revenue is almost evenly divided between its oil and gas production, the Partnership revenues will be highly dependent upon the future prices and demands for oil and gas. Seasonality of Business Although the demand for natural gas is highly seasonal, with higher demand in the colder winter months and in very hot summer months, the Partnership has been able to sell all of its natural gas, either through contracts in place or on the spot market at the then prevailing spot market price. As a result, the volumes sold by the Partnership have not fluctuated materially with the change of season. Customer Dependence No material portion of the Partnership's business is dependent on a single purchaser, or a very few purchasers, where the loss of one would have a material adverse impact on the Partnership. Three purchasers accounted for 64% of the Partnership's total oil and gas production during 1999: Phillips 66 Natural Gas Co. for 42%, Scurlock Permian LLC for 11% and Genesis Crude Oil for 11%. Two purchasers accounted for 49% of the Partnership's total oil and gas production during 1998: Nustar Joint Venture for 38% and Scurlock Permian LLC for 11%. Five purchasers accounted for 67% of the Partnership's total oil and gas production during 1997: Nustar Joint Venture 17%, Torch Operating Company 16%, Scurlock Permian Corporation 13%, Aquila Southwest Pipeline Corporation 11% and Enron Oil and Transportation Incorporated 10%. All purchasers of the Partnership's oil and gas production are unrelated third parties. In the event any of these purchasers were to discontinue purchasing the Partnership's production, the Managing General Partner believes that a substitute purchaser or purchasers could be located without undue delay. No other purchaser accounted for an amount equal to or greater than 10% of the Partnership's sales of oil and gas production. Competition Because the Partnership has utilized all of its funds available for the acquisition of net profits or royalty interests in producing oil and gas properties, it is not subject to competition from other oil and gas property purchasers. See Item 2, Properties. Factors that may adversely affect the Partnership include delays in completing arrangements for the sale of production, availability of a market for production, rising operating costs of producing oil and gas and complying with applicable water and air pollution control statutes, increasing costs and difficulties of transportation, and marketing of competitive fuels. Moreover, domestic oil and gas must compete with imported oil and gas and with coal, atomic energy, hydroelectric power and other forms of energy. Regulation Oil and Gas Production - The production and sale of oil and gas is subject to federal and state governmental regulation in several respects, such as existing price controls on natural gas and possible price controls on crude oil, regulation of oil and gas production by state and local governmental agencies, pollution and environmental controls and various other direct and indirect regulation. Many jurisdictions have periodically imposed limitations on oil and gas production by restricting the rate of flow for oil and gas wells below their actual capacity to produce and by imposing acreage limitations for the drilling of wells. The federal government has the power to permit increases in the amount of oil imported from other countries and to impose pollution control measures. Various aspects of the Partnership's oil and gas activities are regulated by administrative agencies under statutory provisions of the states where such activities are conducted and by certain agencies of the federal government for operations on Federal leases. Moreover, certain prices at which the Partnership may sell its natural gas production are controlled by the Natural Gas Policy Act of 1978, the Natural Gas Wellhead Decontrol Act of 1989 and the regulations promulgated by the Federal Energy Regulatory Commission. Environmental- The Partnership's oil and gas activities are subject to extensive federal, state and local laws and regulations governing the generation, storage, handling, emission, transportation and discharge of materials into the environment. Governmental authorities have the power to enforce compliance with their regulations, and violations carry substantial penalties. This regulatory burden on the oil and gas industry increases its cost of doing business and consequently affects its profitability. The Managing General Partner is unable to predict what, if any, effect compliance will have on the Partnership. Industry Regulations and Guidelines - Certain industry regulations and guidelines apply to the registration, qualification and operation of oil and gas programs in the form of limited partnerships. The Partnership is subject to these guidelines which regulate and restrict transactions between the Managing General Partner and the Partnership. The Partnership complies with these guidelines and the Managing General Partner does not anticipate that continued compliance will have a material adverse effect on Partnership operations. Partnership Employees The Partnership has no employees; however, the Managing General Partner has a staff of geologists, engineers, accountants, landmen and clerical staff who engage in Partnership activities and operations and perform additional services for the Partnership as needed. In addition to the Managing General Partner's staff, the Partnership engages independent consultants such as petroleum engineers and geologists as needed. As of December 31, 1999, there were 97 individuals directly employed by the Managing General Partner in various capacities. Item 2. Properties In determining whether an interest in a particular producing property was to be acquired, the Managing General Partner considered such criteria as estimated oil and gas reserves, estimated cash flow from the sale of production, present and future prices of oil and gas, the extent of undeveloped and unproved reserves, the potential for secondary, tertiary and other enhanced recovery projects and the availability of markets. As of December 31, 1999, the Partnership possessed an interest in oil and gas properties located in Jackson and Weld Counties of Colorado; Clinton, Lawrence and Marion Counties of Illinois; Alfalfa, Beaver, Ellis, Garvin, Haskell, Latimer, Leflore, Logan, McClain, Noble, Pottawatomie, Roger Mills, Seminole and Woods Counties of Oklahoma; Brazos, Burleson, Coke, Crane, Eastland, Ector, Fayette, Gaines, Glasscock, Jim Wells, Lee, Lipscomb, Mitchell, Nolan, Pecos, Reeves, Robertson, Runnels, Sterling, Upton, Ward and Winkler Counties of Texas. These properties consist of various interests in approximately 172 wells and units. Due to the Partnership's objective of maintaining current operations without engaging in the drilling of any developmental or exploratory wells, or additional acquisitions of producing properties, there has not been any significant changes in properties during 1999, 1998 and 1997. There were no leases sold during 1999. During 1998, 78 leases were sold for approximately $61,000. During 1997, one lease was sold for approximately $20,000. Significant Properties The following table reflects the significant properties in which the Partnership has an interest: Date Purchased No. of Proved Reserves* Name and Location and Interest Wells Oil (bbls) Gas (mcf) - ----------------- ------------ ------ ---------- --------- Mobil Amacker 7/87 at 23% 10 32,000 4,252,000 Tippet to 100% net Upton County, profits Texas interests Enron/Rhoda 4/87 at 2% 41 96,000 372,000 Walker to 100% net Ward County, profits Texas interests *Donald R. Creamer, P.E., an independent registered petroleum engineer prepared the reserve and present value data for the Partnership's existing properties as of January 1, 2000. The reserve estimates were made in accordance with guidelines established by the Securities and Exchange Commission pursuant to Rule 4-10(a) of Regulation S-X. Such guidelines require oil and gas reserve reports be prepared under existing economic and operating conditions with no provisions for price and cost escalation except by contractual arrangements. The New York Mercantile Exchange price at December 31, 1999 of $25.60 was used as the beginning basis for the oil price. Oil price adjustments from $25.60 per barrel were made in the individual evaluations to reflect oil quality, gathering and transportation costs. The results are an average price received at the lease of $23.71 per barrel in the preparation of the reserve report as of January 1, 2000. In the determination of the gas price, the New York Mercantile Exchange price at December 31, 1999 of $2.33 was used as the beginning basis. Gas price adjustments from $2.33 per Mcf were made in the individual evaluations to reflect BTU content, gathering and transportation costs and gas processing and shrinkage. The results are an average price received at the lease of $2.23 per Mcf in the preparation of the reserve report as of January 1, 2000. As also discussed in Part II, Item 7, Management's Discussion and Analysis of Financial Condition and Results of Operations, oil and gas prices were subject to frequent changes in 1999. The evaluation of oil and gas properties is not an exact science and inevitably involves a significant degree of uncertainty, particularly with respect to the quantity of oil or gas that any given property is capable of producing. Estimates of oil and gas reserves are based on available geological and engineering data, the extent and quality of which may vary in each case and, in certain instances, may prove to be inaccurate. Consequently, properties may be depleted more rapidly than the geological and engineering data have indicated. Unanticipated depletion, if it occurs, will result in lower reserves than previously estimated; thus an ultimately lower return for the Partnership. Basic changes in past reserve estimates occur annually. As new data is gathered during the subsequent year, the engineer must revise his earlier estimates. A year of new information, which is pertinent to the estimation of future recoverable volumes, is available during the subsequent year evaluation. In applying industry standards and procedures, the new data may cause the previous estimates to be revised. This revision may increase or decrease the earlier estimated volumes. Pertinent information gathered during the year may include actual production and decline rates, production from offset wells drilled to the same geologic formation, increased or decreased water production, workovers, and changes in lifting costs, among others. Accordingly, reserve estimates are often different from the quantities of oil and gas that are ultimately recovered. The Partnership has reserves which are classified as proved developed producing, proved developed non-producing and proved undeveloped. All of the proved reserves are included in the engineering reports which evaluate the Partnership's present reserves. Because the Partnership does not engage in drilling activities, the development of proved undeveloped reserves is conducted pursuant to farmout arrangements with the Managing General Partner or unrelated third parties. Generally, the Partnership retains a carried interest such as an overriding royalty interest under the terms of a farmout, or receives cash. The Partnership or the owners of properties in which the Partnership owns an interest can engage in workover projects or supplementary recovery projects, for example, to extract behind the pipe reserves which qualify as proved developed non-producing reserves. See Part II, Item 7, Management's Discussion and Analysis of Financial Condition and Results of Operations. Item 3. Legal Proceedings There are no material pending legal proceedings to which the Partnership is a party. Item 4. Submission of Matters to a Vote of Security Holders No matter was submitted to a vote of security holders during the fourth quarter of 1999 through the solicitation of proxies or otherwise. Part II Item 5. Market for the Registrant's Common Equity and Related Stockholder Matters Market Information Limited partnership interests, or units, in the Partnership were initially offered and sold for a price of $500. Limited partner units are not traded on any exchange and there is no public or organized trading market for them. The Managing General Partner has become aware of certain limited and sporadic transfers of units between limited partners and third parties, but has no verifiable information regarding the prices at which such units have been transferred. Further, a transferee may not become a substitute limited partner without the consent of the Managing General Partner. After completion of the Partnership's first full fiscal year of operations and each year thereafter, the Managing General Partner has offered and will continue to offer to purchase each limited partner's interest in the Partnership, at a price based on tangible assets of the Partnership, plus the present value of the future net revenues of proved oil and gas properties, minus liabilities with a risk factor discount of up to one- third which may be implemented at the sole discretion of the Managing General Partner. However, the Managing General Partner's obligation to purchase limited partner units is limited to an expenditure of an amount not in excess of 10% of the total limited partner units initially subscribed for by limited partners. In 1999, 117 limited partner units were tendered to and purchased by the Managing General Partner at an average base price of $92.83 per unit. In 1998, 490 limited partner units were tendered to and purchased by the Managing General Partner at an average base price of $161.40 per unit. In 1997, 940 limited partner units were tendered to and purchased by the Managing General Partner at an average base price of $285.09 per unit. Number of Limited Partner Interest Holders As of December 31, 1999 there were 826 holders of limited partner units in the Partnership. Distributions Pursuant to Article IV, Section 4.01 of the Partnership's Certificate and Agreement of Limited Partnership "Net Cash Flow" is distributed to the partners on a monthly basis. "Net Cash Flow" is defined as "the cash generated by the Partnership's investments in producing oil and gas properties, less (i) General and Administrative Costs, (ii) Operating Costs, and (iii) any reserves necessary to meet current and anticipated needs of the Partnership, as determined at the sole discretion of the Managing General Partner." During 1999, distributions were made totaling $475,000, with $427,500 distributed to the limited partners and $47,500 to the general partners. For the year ended December 31, 1999, distributions of $21.38 per limited partner unit were made, based upon 20,000 limited partner units outstanding. During 1998, distributions were made totaling $439,961, with $398,261 distributed to the limited partners and $41,700 to the general partners. For the year ended December 31, 1998, distributions of $19.91 per limited partner unit were made, based upon 20,000 limited partner units outstanding. During 1997, twelve monthly distributions were made totaling $929,000, with $836,100 distributed to the limited partners and $92,900 to the general partners. For the year ended December 31, 1997, distributions of $41.81 per limited partner unit were made, based upon 20,000 limited partner units outstanding. Item 6. Selected Financial Data The following selected financial data for the years ended December 31, 1999, 1998, 1997, 1996 and 1995 should be read in conjunction with the financial statements included in Item 8: Years ended December 31, ------------------------------------------------------------ 1999 1998 1997 1996 1995 ---- ---- ---- ---- ---- Revenues $ 830,452 367,745 964,866 1,317,978 1,030,181 Net income (loss) 523,863 (49,492) 526,063 934,674 610,015 Partners' share of net income (loss): General partners 52,386 (4,949) 52,607 93,468 61,001 Limited partners 471,477 (44,543) 473,456 841,206 549,014 Limited partners' net income (loss) per unit 23.57 (2.23) 23.67 42.06 27.45 Limited partners' cash distributions per unit 21.38 19.91 41.81 51.27 45.51 Total assets $2,202,052 2,152,173 2,641,528 3,044,532 3,249,010 Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations General The Partnership was formed to acquire nonoperating interests in producing oil and gas properties, to produce and market crude oil and natural gas produced from such properties and to distribute any net proceeds from operations to the general and limited partners. Net revenues from producing oil and gas properties are not reinvested in other revenue producing assets except to the extent that producing facilities and wells are reworked or where methods are employed to improve or enable more efficient recovery of oil and gas reserves. The economic life of the Partnership thus depends on the period over which the Partnership's oil and gas reserves are economically recoverable. Increases or decreases in Partnership revenues and, therefore, distributions to partners will depend primarily on changes in the prices received for production, changes in volumes of production sold, lease operating expenses, enhanced recovery projects, offset drilling activities pursuant to farmout arrangements and on the depletion of wells. Since wells deplete over time, production can generally be expected to decline from year to year. Well operating costs and general and administrative costs usually decrease with production declines; however, these costs may not decrease proportionately. Net income available for distribution to the limited partners has fluctuated over the past few years and is expected to fluctuate in later years based on these factors. Based on current conditions, management anticipates performing several workovers during 2000 and 2001 to enhance production. The partnership may have an increase in production volumes for the years 2000 and 2001, but thereafter, the partnership could possibly experience the historical production decline of approximately 9% per year. Results of Operations A. General Comparison of the Years Ended December 31, 1999 and 1998 The following table provides certain information regarding performance factors for the years ended December 31, 1999 and 1998: Year Ended Percentage December 31, Increase 1999 1998 (Decrease) ---- ---- --------- Average price per barrel of oil $ 16.98 12.38 37% Average price per mcf of gas $ 2.31 1.89 22% Oil production in barrels 43,840 40,600 8% Gas production in mcf 406,660 453,300 (10%) Income from net profits interests $ 823,002 362,778 127% Partnership distributions $ 475,000 439,961 7% Limited partner distributions $ 427,500 398,261 7% Per unit distribution to limited partners $ 21.38 19.91 7% Number of limited partner units 20,000 20,000 Revenues The Partnership's income from net profits interests increased to $823,002 from $362,778 for the years ended December 31, 1999 and 1998, respectively, an increase of 127%. The principal factors affecting the comparison of the years ended December 31, 1999 and 1998 are as follows: 1. The average price for a barrel of oil received by the Partnership increased during the year ended December 31, 1999 as compared to the year ended December 31, 1998 by 37%, or $4.60 per barrel, resulting in an increase of approximately $186,800 in income from net profits interests. Oil sales represented 44% of total oil and gas sales during the year ended December 31, 1999 as compared to 37% during the year ended December 31, 1998. The average price for an mcf of gas received by the Partnership increased during the same period by 22%, or $.42 per mcf, resulting in an increase of approximately $190,400 in income from net profits interests. The total increase in income from net profits interests due to the change in prices received from oil and gas production is approximately $377,200. The market price for oil and gas has been extremely volatile over the past decade and management expects a certain amount of volatility to continue in the foreseeable future. 2. Oil production increased approximately 3,240 barrels or 8% during the year ended December 31, 1999 as compared to the year ended December 31, 1998, resulting in an increase of approximately $55,000 in income from net profits interests. Gas production decreased approximately 46,640 mcf or 10% during the same period, resulting in a decrease of approximately $107,700 in income from net profits interests. The net total decrease in income from net profits interests due to the change in production is approximately $52,700. The increase in oil production is due primarily to a successful workover performed during the beginning of 1999. Production climbed during the middle of 1999 and then experienced a sharp decline. The decrease in gas production is due primarily to a significant gas well, which experienced down time, but after a major workover has slowly regained previous production levels. 3. Lease operating costs and production taxes were 13% lower, or approximately $134,000 less during the year ended December 31, 1999 as compared to the year ended December 31, 1998. The decrease in lease operating costs were primarily due to downtime and the shut-in of uneconomical wells. Costs and Expenses Total costs and expenses decreased to $306,589 from $417,237 for the years ended December 31, 1999 and 1998, respectively, a decrease of 27%. The decrease is primarily the result of lower depletion expense and general and administrative costs. 1. General and administrative costs consists of independent accounting and engineering fees, computer services, postage, and Managing General Partner personnel costs. General and administrative costs decreased 12% or approximately $19,600 during the year ended December 31, 1999 as compared to the year ended December 31, 1998. The decrease of general and administrative costs were due in part to additional accounting costs incurred in 1998 in relation to the outsourcing of K-1 tax package preparation and a change in auditors requiring opinions from both the predecessors and successor auditors. Additionally, the Managing General Partner in its effort to cut back on general and administrative costs whenever and wherever possible was able to reduce the cost of reserve reports and K-1 tax package preparation during 1999. 2. Depletion expense decreased to $156,000 for the year ended December 31, 1999 from $247,000 for the same period in 1998. This represents a decrease of 37%. Depletion is calculated using the units of revenue method of amortization based on a percentage of current period gross revenues to total future gross oil and gas revenues, as estimated by the Partnership's independent petroleum consultants. A contributing factor to the decrease in depletion expense between the comparative periods was the increase in the price of oil and gas used to determine the Partnership's reserves for January 1, 2000 as compared to 1999. Another contributing factor was due to the impact of revisions of previous estimates on reserves. Revisions of previous estimates can be attributed to the changes in production performance, oil and gas price and production costs. The impact of the revision would have decreased depletion expense approximately $85,000 as of December 31, 1998. Results of Operations B. General Comparison of the Years Ended December 31, 1998 and 1997 The following table provides certain information regarding performance factors for the years ended December 31, 1998 and 1997: Year Ended Percentage December 31, Increase 1998 1997 (Decrease) ---- ---- --------- Average price per barrel of oil $ 12.38 18.81 (34%) Average price per mcf of gas $ 1.89 2.44 (23%) Oil production in barrels 40,600 50,100 (19%) Gas production in mcf 453,300 471,100 (4%) Income from net profits interests $ 362,778 955,069 (62%) Partnership distributions $ 439,961 929,000 (55%) Limited partner distributions $ 398,261 836,100 (52%) Per unit distribution to limited partners $ 19.91 41.81 (52%) Number of limited partner units 20,000 20,000 Revenues The Partnership's income from net profits interests decreased to $362,778 from $955,069 for the years ended December 31, 1998 and 1997, respectively, a decrease of 62%. The principal factors affecting the comparison of the years ended December 31, 1998 and 1997 are as follows: 1. The average price for a barrel of oil received by the Partnership decreased during the year ended December 31, 1998 as compared to the year ended December 31, 1997 by 34%, or $6.43 per barrel, resulting in a decrease of approximately $322,100 in income from net profits interests. Oil sales represented 37% of total oil and gas sales during the year ended December 31, 1998 as compared to 45% during the year ended December 31, 1997. The average price for an mcf of gas received by the Partnership decreased during the same period by 23%, or $.55 per mcf, resulting in a decrease of approximately $259,100 in income from net profits interests. The total decrease in income from net profits interests due to the change in prices received from oil and gas production is approximately $581,200. The market price for oil and gas has been extremely volatile over the past decade and management expects a certain amount of volatility to continue in the foreseeable future. 2. Oil production decreased approximately 9,500 barrels or 19% during the year ended December 31, 1998 as compared to the year ended December 31, 1997, resulting in a decrease of approximately $117,600 in income from net profits interests. Gas production decreased approximately 17,800 mcf or 4% during the same period, resulting in a decrease of approximately $33,600 in income from net profits interests. The total decrease in income from net profits interests due to the change in production is approximately $151,200. The decrease in production is in relation to downtime due to mechanical problems uneconomical to repair at current oil prices and the sale of properties. 3. Lease operating costs and production taxes were 12% lower, or approximately $142,200 less during the year ended December 31, 1998 as compared to the year ended December 31, 1997. Costs and Expenses Total costs and expenses decreased to $417,237 from $438,803 for the years ended December 31, 1998 and 1997, respectively, a decrease of 5%. The decrease is primarily the result of lower depletion expense, partially offset by an increase in general and administrative costs. 1. General and administrative costs consists of independent accounting and engineering fees, computer services, postage, and Managing General Partner personnel costs. General and administrative costs increased 8% or approximately $12,400 during the year ended December 31, 1998 as compared to the year ended December 31, 1997. 2. Depletion expense decreased to $247,000 for the year ended December 31, 1998 from $281,000 for the same period in 1997. This represents a decrease of 12%. Depletion is calculated using the units of revenue method of amortization based on a percentage of current period gross revenues to total future gross oil and gas revenues, as estimated by the Partnership's independent petroleum consultants. A contributing factor to the decrease in depletion expense between the comparative periods was the decrease in the price of oil and gas used to determine the Partnership's reserves for January 1, 1999 as compared to 1998. Another contributing factor was due to the impact of revisions of previous estimates on reserves. Revisions of previous estimates can be attributed to the changes in production performance, oil and gas price and production costs. The impact of the revision would have decreased depletion expense approximately $29,000 as of December 31, 1997. C. Revenue and Distribution Comparison Partnership net income (loss) for the years ended December 31, 1999, 1998 and 1997 was $523,863 in 1999, $(49,492) in 1998 and $526,063 in 1997. Excluding the effects of depreciation, depletion and amortization, net income for the years ended December 31, 1999, 1998 and 1997 would have been $679,863, 197,508 and $807,063, respectively. Correspondingly, Partnership distributions for the years ended December 31, 1999, 1998 and 1997 were $475,000, $439,961 and $929,000, respectively. These differences are indicative of the changes in oil and gas prices, production and properties during 1999, 1998 and 1997. The sources for the 1999 distributions of $475,000 were oil and gas operations of approximately $616,600, resulting in excess cash for contingencies or subsequent distributions. The sources for the 1998 distributions of $439,961 were oil and gas operations of approximately $339,200 and the change in oil and gas properties of approximately $98,400, with the balance from available cash on hand at the beginning of the period. The sources for the 1997 distributions of $929,000 were oil and gas operations of approximately $893,500 and the change in oil and gas properties of approximately $10,800, with the balance from available cash on hand at the beginning of the period. Total distributions during the year ended December 31, 1999 were $475,000 of which $427,500 was distributed to the limited partners and $47,500 to the general partners. The per unit distribution to limited partners during the same period was $21.38. Total distributions during the year ended December 31, 1998 were $439,961 of which $398,261 was distributed to the limited partners and $41,700 to the general partners. The per unit distribution to limited partners during the same period was $19.91. Total distributions during the year ended December 31, 1997 were $929,000 of which $836,100 was distributed to the limited partners and $92,900 to the general partners. The per unit distribution to limited partners during the same period was $41.81. Since inception of the Partnership, cumulative monthly cash distributions of $15,151,459 have been made to the partners. As of December 31, 1999, $13,651,782 or $682.59 per limited partner unit, has been distributed to the limited partners, representing a 137% return of the capital contributed. Liquidity and Capital Resources The primary source of cash is from operations, the receipt of income from net profits interests in oil and gas properties. The Partnership knows of no material change, nor does it anticipate any such change. Cash flows provided by operating activities were approximately $616,600 in 1999 compared to $339,200 in 1998 and approximately $893,500 in 1997. The primary source of the 1999 cash flow from operating activities was profitable operations. The Partnership had no cash flows from investing activities in 1999. Cash flows provided by investing activities were approximately $98,400 in 1998 and approximately $10,800 in 1997. Cash flows used in financing activities were approximately $474,000 in 1999 compared to $439,900 in 1998 and approximately $929,000 in 1997. The only use in financing activities was the distributions to partners. As of December 31, 1999, the Partnership had approximately $353,100 in working capital. The Managing General Partner knows of no unusual contractual commitments and believes the revenue generated from operations are adequate to meet the needs of the Partnership. Liquidity - Managing General Partner The Managing General Partner has a highly leveraged capital structure with over $35.1 million principal and $17.5 million interest payments due in 2000 on its debt obligations. Due to the severely depressed commodity prices experienced during the last quarter of 1997, throughout 1998 and continuing through the second quarter of 1999 the Managing General Partner is experiencing difficulty in generating sufficient cash flow to meet its obligations and sustain its operations. The Managing General Partner is currently in the process of renegotiating the terms of its various obligations with its creditors and/or attempting to seek new lenders or equity investors. Additionally, the Managing General Partner would consider disposing of certain assets in order to meet its obligations. There can be no assurance that the Managing General Partner's debt restructuring efforts will be successful or that the lenders will agree to a course of action consistent with the Managing General Partners requirements in restructuring the obligations. Even if such agreement is reached, it may require approval of additional lenders, which is not assured. Furthermore, there can be no assurance that the sales of assets can be successfully accomplished on terms acceptable to the Managing General Partner. Under current circumstances, the Managing General Partner's ability to continue as a going concern depends upon its ability to (1) successfully restructure its obligations or obtain additional financing as may be required, (2) maintain compliance with all debt covenants, (3) generate sufficient cash flow to meet its obligations on a timely basis, and (4) achieve satisfactory levels of future earnings. If the Managing General Partner is unsuccessful in its efforts, it may be unable to meet its obligations making it necessary to undertake such other actions as may be appropriate to preserve asset values. Information Systems for the Year 2000 The year 2000 issue referred to the risk of disruptions of operations caused by the failure of computer-controlled systems, including systems used by third parties, to properly recognize date sensitive information when the year changed from 1999 to 2000. During the year ended December 31, 1999, the Managing General Partners data processing subsidiary, Midland Southwest Software, Inc., installed new software as part of an on-going project to upgrade its financial and management information systems. The cost of upgrading the software occurred in the normal course of Midland Southwest Software's business and was not material to the results of operations or financial condition of the Partnership. The Partnership has not experienced any significant business disruptions due to year 2000 issues causing processing errors in its systems, or a third party's systems, during the period of operations after January 1, 2000 until the filing of the 10-K. Item 8. Financial Statements and Supplementary Data Index to Financial Statements Page Independent Auditors Report 20 Balance Sheets 21 Statements of Operations 22 Statement of Changes in Partners' Equity 23 Statements of Cash Flows 24 Notes to Financial Statements 26 INDEPENDENT AUDITORS REPORT The Partners Southwest Royalties, Inc. Income Fund VI (A Tennessee Limited Partnership): We have audited the accompanying balance sheets of Southwest Royalties, Inc. Income Fund VI (the "Partnership") as of December 31, 1999 and 1998, and the related statements of operations, changes in partners' equity and cash flows for each of the years in the three- year period ended December 31, 1999. These financial statements are the responsibility of the Partnership's management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with generally accepted auditing standards. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Southwest Royalties, Inc. Income Fund VI as of December 31, 1999 and 1998 and the results of its operations and its cash flows for each of the years in the three-year period ended December 31, 1999 in conformity with generally accepted accounting principles. KPMG LLP Midland, Texas March 10, 2000 Southwest Royalties, Inc. Income Fund VI (a Tennessee limited partnership) Balance Sheets December 31, 1999 and 1998 1999 1998 ---- ---- Assets Current assets: Cash and cash equivalents $ 181,112 38,539 Receivable from Managing General Partner 173,306 110,000 - --------- --------- Total current assets 354,418 148,539 - --------- --------- Oil and gas properties - using the full- cost method of accounting 8,426,634 8,426,634 Less accumulated depreciation, depletion and amortization 6,579,000 6,423,000 - --------- --------- Net oil and gas properties 1,847,634 2,003,634 - --------- --------- $ 2,202,052 2,152,173 ========= ========= Liabilities and Partners' Equity Current liability - distribution payable $ 1,317 301 - --------- --------- Partners' equity: General partners (634,496) (639,382) Limited partners 2,835,231 2,791,254 - --------- --------- Total partners' equity 2,200,735 2,151,872 - --------- --------- $ 2,202,052 2,152,173 ========= ========= The accompanying notes are an integral part of these financial statements. Southwest Royalties, Inc. Income Fund VI (a Tennessee limited partnership) Statements of Operations Years ended December 31, 1999, 1998 and 1997 1999 1998 1997 ---- ---- - ---- Revenues Income from net profits interests $ 823,002 362,778 955,069 Interest 7,450 4,967 9,797 ------- - --------- --------- 830,452 367,745 964,866 ------- - --------- --------- Expenses General and administrative 150,589 170,237 157,803 Depreciation, depletion and amortization 156,000 247,000 281,000 ------- - --------- --------- 306,589 417,237 438,803 ------- - --------- --------- Net income (loss) $ 523,863 (49,492) 526,063 ======= ========= ========= Net income (loss) allocated to: Managing General Partner $ 47,147 (4,454) 47,346 ======= ========= ========= General partner $ 5,239 (495) 5,261 ======= ========= ========= Limited partners $ 471,477 (44,543) 473,456 ======= ========= ========= Per limited partner unit $ 23.57 (2.23) 23.67 ======= ========= ========= The accompanying notes are an integral part of these financial statements. Southwest Royalties, Inc. Income Fund VI (a Tennessee limited partnership) Statement of Changes in Partners' Equity Years ended December 31, 1999, 1998 and 1997 General Limited Partners Partners Total -------- -------- ----- Balance at December 31, 1996 $ (552,440) 3,596,702 3,044,262 Net income 52,607 473,456 526,063 Distributions (92,900) (836,100) (929,000) -------- - ---------- ---------- Balance at December 31, 1997 (592,733) 3,234,058 2,641,325 Net income (loss) (4,949) (44,543) (49,492) Distributions (41,700) (398,261) (439,961) -------- - ---------- ---------- Balance at December 31, 1998 (639,382) 2,791,254 2,151,872 Net income 52,386 471,477 523,863 Distributions (47,500) (427,500) (475,000) -------- - ---------- ---------- Balance at December 31, 1999 $ (634,496) 2,835,231 2,200,735 ======== ========== ========== The accompanying notes are an integral part of these financial statements. Southwest Royalties, Inc. Income Fund VI (a Tennessee limited partnership) Statements of Cash Flows Years ended December 31, 1999, 1998 and 1997 1999 1998 1997 ---- ---- - ---- Cash flows from operating activities: Cash received from net profits interests $ 766,709 489,7681,041,521 Cash paid to Managing General Partner for administrative fees and general and administrative overhead (157,603) (155,489)(157,803) Interest received 7,450 4,967 9,797 -------- - --------- --------- Net cash provided by operating activities 616,556 339,246 893,515 -------- - --------- --------- Cash provided by investing activities: Sale of oil and gas properties - 98,437 10,833 -------- - --------- --------- Cash used in financing activities: Distributions to partners (473,983) (439,863)(929,067) -------- - --------- --------- Net decrease in cash and cash equivalents 142,573 (2,180) (24,719) Beginning of year 38,539 40,719 65,438 -------- - --------- --------- End of year $ 181,112 38,539 40,719 ======== ========= ========= (continued) The accompanying notes are an integral part of these financial statements. Southwest Royalties, Inc. Income Fund VI (a Tennessee limited partnership) Statements of Cash Flows, continued Years ended December 31, 1999, 1998 and 1997 1999 1998 1997 ---- ---- - ---- Reconciliation of net income (loss) to net cash provided by operating activities: Net income (loss) $ 523,863 (49,492) 526,063 Adjustments to reconcile net income (loss) to net cash provided by operating activities: Depreciation, depletion and amortization 156,000 247,000 281,000 (Increase) decrease in receivables (56,294) 126,990 86,452 (Decrease) increase in payables (7,013) 14,748 - ------- - --------- ------- Net cash provided by operating activities $ 616,556 339,246 893,515 ======= ========= ======= Supplemental schedule of noncash investing and financing activities: Sale of oil and gas property included in receivable from Managing General Partner $ - - 20,000 ================ ======= The accompanying notes are an integral part of these financial statements. Southwest Royalties, Inc. Income Fund VI (a Tennessee limited partnership) Notes to Financial Statements 1. Organization Southwest Royalties, Inc. Income Fund VI was organized under the laws of the state of Tennessee on December 4, 1986, for the purpose of acquiring producing oil and gas properties and to produce and market crude oil and natural gas produced from such properties for a term of 50 years, unless terminated at an earlier date as provided for in the Partnership Agreement. The Partnership sells its oil and gas production to a variety of purchasers with the prices it receives being dependent upon the oil and gas economy. Southwest Royalties, Inc. serves as the Managing General Partner and H. H. Wommack, III, as the individual general partner. Revenues, costs and expenses are allocated as follows: Limited General Partners Partners -------- -------- Interest income on capital contributions 100% - Oil and gas sales 90% 10% All other revenues 90% 10% Organization and offering costs (1) 100% - Amortization of organization costs 100% - Property acquisition costs 100% - Gain/loss on property disposition 90% 10% Operating and administrative costs (2) 90% 10% Depreciation, depletion and amortization of oil and gas properties 90% 10% All other costs 90% 10% (1)All organization costs in excess of 3% of initial capital contributions will be paid by the Managing General Partner and will be treated as a capital contribution. The Partnership paid the Managing General Partner an amount equal to 3% of initial capital contributions for such organization costs. (2)Administrative costs in any year which exceed 2% of capital contributions shall be paid by the Managing General Partner and will be treated as a capital contribution. Southwest Royalties, Inc. Income Fund VI (a Tennessee limited partnership) Notes to Financial Statements 2. Summary of Significant Accounting Policies Oil and Gas Properties Oil and gas properties are accounted for at cost under the full-cost method. Under this method, all productive and nonproductive costs incurred in connection with the acquisition, exploration and development of oil and gas reserves are capitalized. Gain or loss on the sale of oil and gas properties is not recognized unless significant oil and gas reserves are involved. The Partnership's policy for depreciation, depletion and amortization of oil and gas properties is computed under the units of revenue method. Under the units of revenue method, depreciation, depletion and amortization is computed on the basis of current gross revenues from production in relation to future gross revenues, based on current prices, from estimated production of proved oil and gas reserves. Under the units of revenue method, the Partnership computes the provision by multiplying the total unamortized cost of oil and gas properties by an overall rate determined by dividing (a) oil and gas revenues during the period by (b) the total future gross oil and gas revenues as estimated by the Partnership's independent petroleum consultants. It is reasonably possible that those estimates of anticipated future gross revenues, the remaining estimated economic life of the product, or both could be changed significantly in the near term due to the potential fluctuation of oil and gas prices or production. The depletion estimate would also be affected by this change. Should the net capitalized costs exceed the estimated present value of oil and gas reserves, discounted at 10%, such excess costs would be charged to current expense. As of December 31, 1999, 1998 and 1997, the net capitalized costs did not exceed the estimated present value of oil and gas reserves. The Partnership's interest in oil and gas properties consists of net profits interests in proved properties located within the continental United States. A net profits interest is created when the owner of a working interest in a property enters into an arrangement providing that the net profits interest owner will receive a stated percentage of the net profit from the property. The net profits interest owner will not otherwise participate in additional costs and expenses of the property. Southwest Royalties, Inc. Income Fund VI (a Tennessee limited partnership) Notes to Financial Statements 2. Summary of Significant Accounting Policies - continued Estimates and Uncertainties The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Syndication Costs Syndication costs are accounted for as a reduction of partnership equity. Environmental Costs The Partnership is subject to extensive federal, state and local environmental laws and regulations. These laws, which are constantly changing, regulate the discharge of materials into the environment and may require the Partnership to remove or mitigate the environmental effects of the disposal or release of petroleum or chemical substances at various sites. Environmental expenditures are expensed or capitalized depending on their future economic benefit. Costs which improve a property as compared with the condition of the property when originally constructed or acquired and costs which prevent future environmental contamination are capitalized. Expenditures that relate to an existing condition caused by past operations and that have no future economic benefits are expensed. Liabilities for expenditures of a non-capital nature are recorded when environmental assessment and/or remediation is probable, and the costs can be reasonably estimated. Gas Balancing The Partnership utilizes the sales method of accounting for gas- balancing arrangements. Under this method the Partnership recognizes sales revenue on all gas sold. As of December 31, 1999 and 1998, the Partnership was over produced by 1,429 and 1,596 mcf of gas. As of December 31, 1997, the Partnership was under produced by 16,527 mcf of gas, respectively. Income Taxes No provision for income taxes is reflected in these financial statements, since the tax effects of the Partnership's income or loss are passed through to the individual partners. In accordance with the requirements of Statement of Financial Accounting Standards No. 109, "Accounting for Income Taxes", the Partnership's tax basis in its net oil and gas properties at December 31, 1999 and 1998 is $981,811 and $892,768, respectively, less than that shown on the accompanying Balance Sheets in accordance with generally accepted accounting principles. Southwest Royalties, Inc. Income Fund VI (a Tennessee limited partnership) Notes to Financial Statements 2. Summary of Significant Accounting Policies - continued Cash and Cash Equivalents For purposes of the statements of cash flows, the Partnership considers all highly liquid debt instruments purchased with a maturity of three months or less to be cash equivalents. The Partnership maintains its cash at one financial institution. Number of Limited Partner Units As of December 31, 1999, 1998 and 1997, there were 20,000 limited partner units outstanding held by 826, 848 and 876 partners. Concentrations of Credit Risk The Partnership is subject to credit risk through trade receivables. Although a substantial portion of its debtors' ability to pay is dependent upon the oil and gas industry, credit risk is minimized due to a large customer base. All partnership revenues are received by the Managing General Partner and subsequently remitted to the partnership and all expenses are paid by the Managing General Partner and subsequently reimbursed by the partnership. Fair Value of Financial Instruments The carrying amount of cash and accounts receivable approximates fair value due to the short maturity of these instruments. Net Income (loss) per limited partnership unit The net income (loss) per limited partnership unit is calculated by using the number of outstanding limited partnership units. 3. Liquidity - Managing General Partner The Managing General Partner has a highly leveraged capital structure with over $35.1 million principal and $17.5 million interest payments due in 2000 on its debt obligations. Due to the severely depressed commodity prices experienced during the last quarter of 1997, throughout 1998 and continuing through the second quarter of 1999 the Managing General Partner is experiencing difficulty in generating sufficient cash flow to meet its obligations and sustain its operations. The Managing General Partner is currently in the process of renegotiating the terms of its various obligations with its creditors and/or attempting to seek new lenders or equity investors. Additionally, the Managing General Partner would consider disposing of certain assets in order to meet its obligations. There can be no assurance that the Managing General Partner's debt restructuring efforts will be successful or that the lenders will agree to a course of action consistent with the Managing General Partners requirements in restructuring the obligations. Even if such agreement is reached, it may require approval of additional lenders, which is not assured. Furthermore, there can be no assurance that the sales of assets can be successfully accomplished on terms acceptable to the Managing General Partner. Under current circumstances, the Managing General Partner's ability to continue as a going concern depends upon its ability to (1) successfully restructure its obligations or obtain additional financing as may be required, (2) maintain compliance with all debt covenants, (3) generate sufficient cash flow to meet its obligations on a timely basis, and (4) achieve satisfactory levels of future earnings. If the Managing General Partner is unsuccessful in its efforts, it may be unable to meet its obligations making it necessary to undertake such other actions as may be appropriate to preserve asset values. Southwest Royalties, Inc. Income Fund VI (a Tennessee limited partnership) Notes to Financial Statements 4. Commitments and Contingent Liabilities After completion of the Partnership's first full fiscal year of operations and each year thereafter, the Managing General Partner has offered and will continue to offer to purchase each limited partner's interest in the Partnership, at a price based on tangible assets of the Partnership, plus the present value of the future net revenues of proved oil and gas properties, minus liabilities with a risk factor discount of up to one-third which may be implemented at the sole discretion of the Managing General Partner. However, the Managing General Partner's obligation to purchase limited partner units is limited to an expenditure of an amount not in excess of 10% of the total limited partner units initially subscribed for by limited partners. The Partnership is subject to various federal, state and local environmental laws and regulations, which establish standards and requirements for protection of the environment. The Partnership cannot predict the future impact of such standards and requirements, which are subject to change and can have retroactive effectiveness. The Partnership continues to monitor the status of these laws and regulations. As of December 31, 1999, the Partnership has not been fined, cited or notified of any environmental violations and management is not aware of any unasserted violations which would have a material adverse effect upon capital expenditures, earnings or the competitive position in the oil and gas industry. However, the Managing General Partner does recognize by the very nature of its business, material costs could be incurred in the near term to bring the Partnership into total compliance. The amount of such future expenditures is not determinable due to several factors, including the unknown magnitude of possible contaminations, the unknown timing and extent of the corrective actions which may be required, the determination of the Partnership's liability in proportion to other responsible parties and the extent to which such expenditures are recoverable from insurance or indemnifications from prior owners of the Partnership's properties. Southwest Royalties, Inc. Income Fund VI (a Tennessee limited partnership) Notes to Financial Statements 5. Related Party Transactions A significant portion of the oil and gas properties in which the Partnership has an interest are operated by and purchased from the Managing General Partner. As is usual in the industry and as provided for in the operating agreement for each respective oil and gas property in which the Partnership has an interest, the operator is paid an amount for administrative overhead attributable to operating such properties, with such amounts to Southwest Royalties, Inc. as operator approximating $105,400, $128,200 and $125,000, for the years ended December 31, 1999, 1998 and 1997, respectively. In addition, the Managing General Partner and certain officers and employees may have an interest in some of the properties in which the Partnership also participates. Certain subsidiaries or affiliates of the Managing General Partner perform various oilfield services for properties in which the Partnership owns an interest. Such services aggregated approximately $75,500, $16,200 and $4,000, for the years ended December 31, 1999, 1998 and 1997, respectively, and the Managing General Partner believes that these costs are comparable to similar charges paid by the Partnership to unrelated third parties. Southwest Royalties, Inc., the Managing General Partner, was paid $144,000 during 1999, 1998 and 1997, as an administrative fee for indirect general and administrative overhead expenses. Receivables from Southwest Royalties, Inc., the Managing General Partner, of approximately $173,300 and $110,000 are from oil and gas production, net of lease operating costs and production taxes, as of December 31, 1999 and 1998, respectively. In addition, a director and officer of the Managing General Partner is a partner in a law firm, with such firm providing legal services to the Partnership approximating $900, $900 and $1,300, for the years ended December 31, 1999, 1998 and 1997, respectively. 6. Major Customers No material portion of the Partnership's business is dependent on a single purchaser, or a very few purchasers, where the loss of one would have a material adverse impact on the Partnership. Three purchasers accounted for 64% of the Partnership's total oil and gas production during 1999: Phillips 66 Natural Gas Co. for 42%, Scurlock Permian LLC for 11% and Genesis Crude Oil for 11%. Two purchasers accounted for 49% of the Partnership's total oil and gas production during 1998: Nustar Joint Venture 38% and Scurlock Permian LLC 11%. Five purchasers accounted for 67% of the Partnership's total oil and gas production during 1997: Nustar Joint Venture 17%, Torch Operating Company 16%, Scurlock Permian Corporation 13%, Aquila Southwest Pipeline Corporation 11% and Enron Oil and Transportation Incorporated 10%. All purchasers of the Partnership's oil and gas production are unrelated third parties. In the event any of these purchasers were to discontinue purchasing the Partnership's production, the Managing General Partner believes that a substitute purchaser or purchasers could be located without undue delay. No other purchaser accounted for an amount equal to or greater than 10% of the Partnership's sales of oil and gas production. Southwest Royalties, Inc. Income Fund VI (a Tennessee limited partnership) Notes to Financial Statements 7. Estimated Oil and Gas Reserves (unaudited) The Partnership's interest in proved oil and gas reserves is as follows: Oil (bbls) Gas (mcf) ---------- - --------- Proved developed and undeveloped reserves - January 1, 1997 677,000 5,775,000 Revisions of previous estimates (106,000) (1,452,000) Production (50,000) (471,000) Sale of minerals in place (11,000) - ------- --------- December 31, 1997 510,000 3,852,000 Revisions of previous estimates (204,000) 1,802,000 Production (41,000) (453,000) Sale of minerals in place (9,000) (118,000) ------- --------- December 31, 1998 256,000 5,083,000 Revisions of previous estimates 215,000 1,078,000 Production (44,000) (407,000) ------- --------- December 31, 1999 427,000 5,754,000 ======= ========= Proved developed reserves - December 31, 1997 428,000 3,544,000 ======= ========= December 31, 1998 216,000 4,891,000 ======= ========= December 31, 1999 385,000 5,398,000 ======= ========= All of the Partnership's reserves are located within the continental United States. *Donald R. Creamer, P.E., an independent registered petroleum engineer prepared the reserve and present value data for the Partnership's existing properties as of January 1, 2000. The reserve estimates were made in accordance with guidelines established by the Securities and Exchange Commission pursuant to Rule 4-10(a) of Regulation S-X. Such guidelines require oil and gas reserve reports be prepared under existing economic and operating conditions with no provisions for price and cost escalation except by contractual arrangements. The New York Mercantile Exchange price at December 31, 1999 of $25.60 was used as the beginning basis for the oil price. Oil price adjustments from $25.60 per barrel were made in the individual evaluations to reflect oil quality, gathering and transportation costs. The results are an average price received at the lease of $23.71 per barrel in the preparation of the reserve report as of January 1, 2000. Southwest Royalties, Inc. Income Fund VI (a Tennessee limited partnership) Notes to Financial Statements 7. Estimated Oil and Gas Reserves (unaudited) - continued In the determination of the gas price, the New York Mercantile Exchange price at December 31, 1999 of $2.33 was used as the beginning basis. Gas price adjustments from $2.33 per Mcf were made in the individual evaluations to reflect BTU content, gathering and transportation costs and gas processing and shrinkage. The results are an average price received at the lease of $2.23 per Mcf in the preparation of the reserve report as of January 1, 2000. The evaluation of oil and gas properties is not an exact science and inevitably involves a significant degree of uncertainty, particularly with respect to the quantity of oil or gas that any given property is capable of producing. Estimates of oil and gas reserves are based on available geological and engineering data, the extent and quality of which may vary in each case and, in certain instances, may prove to be inaccurate. Consequently, properties may be depleted more rapidly than the geological and engineering data have indicated. Unanticipated depletion, if it occurs, will result in lower reserves than previously estimated; thus an ultimately lower return for the Partnership. Basic changes in past reserve estimates occur annually. As new data is gathered during the subsequent year, the engineer must revise his earlier estimates. A year of new information, which is pertinent to the estimation of future recoverable volumes, is available during the subsequent year evaluation. In applying industry standards and procedures, the new data may cause the previous estimates to be revised. This revision may increase or decrease the earlier estimated volumes. Pertinent information gathered during the year may include actual production and decline rates, production from offset wells drilled to the same geologic formation, increased or decreased water production, workovers, and changes in lifting costs, among others. Accordingly, reserve estimates are often different from the quantities of oil and gas that are ultimately recovered. The Partnership has reserves which are classified as proved developed producing, proved developed non-producing and proved undeveloped. All of the proved reserves are included in the engineering reports which evaluate the Partnership's present reserves. Because the Partnership does not engage in drilling activities, the development of proved undeveloped reserves is conducted pursuant to farmout arrangements with the Managing General Partner or unrelated third parties. Generally, the Partnership retains a carried interest such as an overriding royalty interest under the terms of a farmout, or receives cash. Southwest Royalties, Inc. Income Fund VI (a Tennessee limited partnership) Notes to Financial Statements 7. Estimated Oil & Gas Reserves (unaudited) - continued The standardized measure of discounted future net cash flows relating to proved oil and gas reserves at December 31, 1999, 1998 and 1997 is presented below: 1999 1998 1997 ---- ---- ---- Future cash inflows, net of production and development costs $ 14,581,000 7,278,000 9,969,000 10% annual discount for estimated timing of cash flows 6,733,000 3,397,000 3,406,000 --------- ---------- ---------- Standardized measure of discounted future net cash flows $ 7,848,000 3,881,000 6,563,000 ========= ========== ========== The principal sources of change in the standardized measure of discounted future net cash flows for the years ended December 31, 1999, 1998 and 1997 are as follows: 1999 1998 1997 ---- ---- ---- Sales of oil and gas produced, net of production costs $ (823,000) (362,000) (955,000) Changes in prices and production costs 2,271,000 (1,423,000)(7,159,000) Changes in estimated future development cost (122,000) (29,000) - - Changes of production rates (timing) and others (25,000) (1,736,000) 1,053,000 Sales of minerals in place - (131,000) (15,000) Revisions of previous quantities estimates 2,278,000 343,000 (1,968,000) Accretion of discount 388,000 656,000 1,419,000 Discounted future net cash flows - Beginning of year 3,881,000 6,563,000 14,188,000 ---------- ---------- ---------- End of year $ 7,848,000 3,881,000 6,563,000 ========== ========== ========== Future net cash flows were computed using year-end prices and costs that related to existing proved oil and gas reserves in which the Partnership has mineral interests. Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure None Part III Item 10. Directors and Executive Officers of the Registrant Management of the Partnership is provided by Southwest Royalties, Inc., as Managing General Partner. The names, ages, offices, positions and length of service of the directors and executive officers of Southwest Royalties, Inc. are set forth below. Each director and executive officer serves for a term of one year. The present directors of the Managing General Partner have served in their capacity since the Company's formation in 1983. Name Age Position - -------------------- --- ----------------------------------- - ------- H. H. Wommack, III 44 Chairman of the Board, President, Chief Executive Officer, Treasurer and Director H. Allen Corey 43 Secretary and Director Bill E. Coggin 45 Vice President and Chief Financial Officer J. Steven Person 41 Vice President, Marketing Paul L. Morris 58 Director H. H. Wommack, III, is Chairman of the Board, President, Chief Executive Officer, Treasurer, principal stockholder and a director of the Managing General Partner, and has served as its President since the Company's organization in August, 1983. Prior to the formation of the Company, Mr. Wommack was a self-employed independent oil producer engaged in the purchase and sale of royalty and working interests in oil and gas leases, and the drilling of exploratory and developmental oil and gas wells. Mr. Wommack holds a J.D. degree from the University of Texas from which he graduated in 1980, and a B.A. from the University of North Carolina in 1977. H. Allen Corey, a founder of the Managing General Partner, has served as the Managing General Partner's secretary and a director since its inception. Mr. Corey is President of Trolley Barn Brewery, Inc., a brew pub restaurant chain based in the Southeast. Prior to his involvement with Trolley Barn, Mr. Corey was a partner at the law firm of Miller & Martin in Chattanooga, Tennessee. He is currently of counsel to the law firm of Baker, Donelson, Bearman & Caldwell, with the offices in Chattanooga, Tennessee. Mr. Corey received a J.D. degree from the Vanderbilt University Law School and B.A. degree from the University of North Carolina at Chapel Hill. Bill E. Coggin, Vice President and Chief Financial Officer, has been with the Managing General Partner since 1985. Mr. Coggin was Controller for Rod Ric Corporation of Midland, Texas, an oil and gas drilling company, during the latter part of 1984. He was Controller for C.F. Lawrence & Associates, Inc., an independent oil and gas operator also of Midland, Texas during the early part of 1984. Mr. Coggin taught public school for four years prior to his business experience. Mr. Coggin received a B.S. in Education and a B.B.A. in Accounting from Angelo State University. J. Steven Person, Vice President, Marketing, assumed his responsibilities with the Managing General Partner as National Marketing Director in 1989. Prior to joining the Managing General Partner, Mr. Person served as Vice President of Marketing for CRI, Inc., and was associated with Capital Financial Group and Dean Witter (1983). He received a B.B.A. from Baylor University in 1982 and an M.D.A. from Houston Baptist University in 1987. Paul L. Morris has served as a Director of Southwest Royalties Holdings, Inc. since August 1998 and Southwest Royalties, Inc. since September 1998. Mr. Morris is President and CEO of Wagner & Brown, Ltd., one of the largest independently owned oil and gas companies in the United States. Prior to his position with Wagner & Brown, Mr. Morris served as President of Banner Energy and in various managerial positions with Columbia Gas System, Inc. Key Employees Jon P. Tate, Vice President, Land and Assistant Secretary, age 42, assumed his responsibilities with the Managing General Partner in 1989. Prior to joining the Managing General Partner, Mr. Tate was employed by C.F. Lawrence & Associates, Inc., an independent oil and gas company, as Land Manager from 1981 through 1989. Mr. Tate is a member of the Permian Basin Landman's Association and received his B.B.S. degree from Hardin-Simmons University. R. Douglas Keathley, Vice President, Operations, age 44, assumed his responsibilities with the Managing General Partner as a Production Engineer in October, 1992. Prior to joining the Managing General Partner, Mr. Keathley was employed for four (4) years by ARCO Oil & Gas Company as senior drilling engineer working in all phases of well production (1988- 1992), eight (8) years by Reading & Bates Petroleum Company as senior petroleum engineer responsible for drilling (1980-1988) and two (2) years by Tenneco Oil Company as drilling engineer responsible for all phases of drilling (1978-1980). Mr. Keathley received his B.S. in Petroleum Engineering in 1977 from the University of Oklahoma. In certain instances, the Managing General Partner will engage professional petroleum consultants and other independent contractors, including engineers and geologists in connection with property acquisitions, geological and geophysical analysis, and reservoir engineering. The Managing General Partner believes that, in addition to its own "in-house" staff, the utilization of such consultants and independent contractors in specific instances and on an "as-needed" basis allows for greater flexibility and greater opportunity to perform its oil and gas activities more economically and effectively. Item 11. Executive Compensation The Partnership does not have any directors or executive officers. The executive officers of the Managing General Partner do not receive any cash compensation, bonuses, deferred compensation or compensation pursuant to any type of plan, from the Partnership. The Managing General Partner received $144,000 during 1999, 1998 and 1997 as an annual administrative fee. Item 12. Security Ownership of Certain Beneficial Owners and Management There are no limited partners who own of record, or are known by the Managing General Partner to beneficially own, more than five percent of the Partnership's limited partnership interests. The Managing General Partner owns a nine percent interest as a general partner. Through repurchase offers to the limited partners, the Managing General Partner also owns 4,029 limited partner units, a 20.2% limited partner interest. The Managing General Partners total percentage interest ownership in the Partnership is 27.1%. No officer or director of the Managing General Partner owns Units in the Partnership. H. H. Wommack, III, as the individual general partner of the Partnership owns a one percent interest in the Partnership as a general partner. The officers and directors of the Managing General Partner are considered beneficial owners of the limited partner units acquired by the Managing General Partner by virtue of their status as such. A list of beneficial owners of limited partner units, acquired by the Managing General Partner, is as follows: Amount and Nature of Percent Name and Address of Beneficial of Title of Class Beneficial Owner Ownership Class - ------------------- --------------------------- --------------- ------- Limited Partnership Southwest Royalties, Inc. Directly Owns 20.2% Interest Managing General Partner 4,029 Units 407 N. Big Spring Street Midland, TX 79701 Limited Partnership H. H. Wommack, III Indirectly Owns 20.2% Interest Chairman of the Board, 4,029 Units President, CEO, Treasurer and Director of Southwest Royalties, Inc., the Managing General Partner 407 N. Big Spring Street Midland, TX 79701 Limited Partnership H. Allen Corey Indirectly Owns 20.2% Interest Secretary and Director of 4,029 Units Southwest Royalties, Inc., the Managing General Partner 633 Chestnut Street Chattanooga, TN 37450-1800 Limited Partnership Bill E. Coggin Indirectly Owns 20.2% Interest Vice President and CFO of 4,029 Units Southwest Royalties, Inc., the Managing General Partner 407 N. Big Spring Street Midland, TX 79701 Limited Partnership J. Steven Person Indirectly Owns 20.2% Interest Vice President, Marketing 4,029 Units Southwest Royalties, Inc., the Managing General Partner 407 N. Big Spring Street Midland, TX 79701 Limited Partnership Paul L. Morris Indirectly Owns 20.2% Interest Director of Southwest 4,029 Units Royalties, Inc., the Managing General Partner 407 N. Big Spring Street Midland, TX 79701 There are no arrangements known to the Managing General Partner which may at a subsequent date result in a change of control of the Partnership. Item 13. Certain Relationships and Related Transactions In 1999, the Managing General Partner received $144,000 as an administrative fee. This amount is part of the general and administrative expenses incurred by the Partnership. In some instances the Managing General Partner and certain officers and employees may be working interest owners in an oil and gas property in which the Partnership also has a net profits interest. Certain properties in which the Partnership has an interest are operated by the Managing General Partner, who was paid approximately $105,400 for administrative overhead attributable to operating such properties during 1999. Certain subsidiaries or affiliates of the Managing General Partner perform various oilfield services for properties in which the Partnership owns an interest. Such services aggregated approximately $75,500 for the year ended December 31, 1999. The law firm of Baker, Donelson, Bearman & Caldwell of which H. Allen Corey, an officer and director of the Managing General Partner, is a partner, is counsel to the Partnership. Legal services rendered by Baker, Donelson, Bearman & Caldwell to the Partnership during 1999 were approximately $900, which constitutes an immaterial portion of that firm's business. In the opinion of management, the terms of the above transactions are similar to ones with unaffiliated third parties. Part IV Item 14. Exhibits, Financial Statement Schedules and Reports on Form 8-K (a)(1) Financial Statements: Included in Part II of this report -- Independent Auditors Report Balance Sheets Statements of Operations Statement of Changes in Partners' Equity Statements of Cash Flows Notes to Financial Statements (2) Schedules required by Article 12 of Regulation S- X are either omitted because they are not applicable or because the required information is shown in the financial statements or the notes thereto. (3) Exhibits: 4 (a) Certificate and Agreement of Limited Partnership of Southwest Royalties, Inc. Income Fund VI, dated December 4, 1986. (Incorporated by reference from Partnership's Form 10-K for the fiscal year ended December 31, 1986.) (b) First Amendment to Certificate and Agreement of Limited Partnership of Southwest Royalties, Inc. Income Fund VI, dated January 16,1987. (Incorporated by reference from Partnership's Form 10-K for the fiscal year ended December 31, 1987.) (c) Corrected Second Amendment to Certificate and Agreement of Limited Partnership of Southwest Royalties, Inc. Income Fund VI, dated May 6, 1987. (Incorporated by reference from Partnership's Form 10-K for the fiscal year ended December 31, 1987.) (d) Third Amendment to Certificate and Agreement of Limited Partnership of Southwest Royalties, Inc. Income Fund VI, dated February 3, 1988 (Incorporated by reference from Partnership's Form 10-K for the fiscal year ended December 31, 1988.) (e) Fourth Amendment to Certificate and Agreement of Limited Partnership of Southwest Royalties, Inc. Income Fund VI, dated June 30, 1988 (Incorporated by reference from Partnership's Form 10-K for the fiscal year ended December 31, 1988.) (f) Fifth Amendment to Certificate and Agreement of Limited Partnership of Southwest Royalties, Inc. Income Fund VI, dated December 30, 1988 (Incorporated by reference from the Partnership's Form 10-K for the fiscal year ended December 31, 1988.) (g) Sixth Amendment to Certificate and Agreement of Limited Partnership of Southwest Royalties, Inc. Income Fund VI, dated as of March 19, 1990. (Incorporated by reference from the Partnership's Form 10-K for the fiscal year ended December 31, 1990.) (h) Seventh Amendment to Certificate and Agreement of Limited Partnership of Southwest Royalties, Inc. Income Fund VI, dated as of December 31, 1990. (Incorporated by reference from the Partnership's Form 10-K for the fiscal year ended December 31, 1990.) (i) Eighth Amendment to Certificate and Agreement of Limited Partnership of Southwest Royalties, Inc. Income Fund VI, dated as of September 30, 1991. (Incorporated by reference from the Partnership's Form 10-K for the fiscal year ended December 31, 1991.) (j) Ninth Amendment to Certificate and Agreement of Limited Partnership of Southwest Royalties, Inc. Income Fund VI, dated as of December 31, 1991. (Incorporated by reference from the Partnership's Form 10-K for the fiscal year ended December 31, 1992.) (k) Tenth Amendment to Certificate and Agreement of Limited Partnership of Southwest Royalties, Inc. Income Fund VI, dated as of March 31, 1992. (Incorporated by reference from the Partnership's Form 10-K for the fiscal year ended December 31, 1992.) (l) Eleventh Amendment to Certificate and Agreement of Limited Partnership of Southwest Royalties, Inc. Income Fund VI, dated as of June 30, 1992. (Incorporated by reference from the Partnership's Form 10-K for the fiscal year ended December 31, 1992.) (m) Twelfth Amendment to Certificate and Agreement of Limited Partnership of Southwest Royalties, Inc. Income Fund VI, dated as of November 23, 1992. (Incorporated by reference from the Partnership's Form 10-K for the fiscal year ended December 31, 1992.) (n) Thirteenth Amendment to Certificate and Agreement of Limited Partnership of Southwest Royalties, Inc. Income Fund VI, dated as of April 22, 1993. (Incorporated by reference from the Partnership's Form 10-K for the fiscal year ended December 31, 1993.) (o) Fourteenth Amendment to Certificate and Agreement of Limited Partnership of Southwest Royalties, Inc. Income Fund VI, dated as of September 30, 1993. (Incorporated by reference from the Partnership's Form 10-K for the fiscal year ended December 31, 1993.) (p) Fifteenth Amendment to Certificate and Agreement of Limited Partnership of Southwest Royalties, Inc. Income Fund VI, dated as of December 31, 1993. (Incorporated by reference from the Partnership's Form 10-K for the fiscal year ended December 31, 1993.) (q) Sixteenth Amendment to Certificate and Agreement of Limited Partnership of Southwest Royalties, Inc. Income Fund VI, dated as of July 26, 1994. (Incorporated by reference from the Partnership's Form 10-K for the fiscal year ended December 31, 1994.) (r) Seventeenth Amendment to Certificate and Agreement of Limited Partnership of Southwest Royalties, Inc. Income Fund VI, dated as of January 18, 1995. (Incorporated by reference from the Partnership's Form 10-K for the fiscal year ended December 31, 1994.) (s) Eighteenth Amendment to Certificate and Agreement of Limited Partnership of Southwest Royalties, Inc. Income Fund VI, dated as of July 26, 1995. (t) Nineteenth Amendment to Certificate and Agreement of Limited Partnership of Southwest Royalties, Inc. Income Fund VI, dated as of January 29, 1996. (u) Twentieth Amendment to Certificate and Agreement of Limited Partnership of Southwest Royalties, Inc. Income Fund VI, dated as of April 30, 1996. (v) Twenty First Amendment to Certificate and Agreement of Limited Partnership of Southwest Royalties, Inc. Income Fund VI, dated as of September 30, 1996. (w) Twenty Second Amendment to Certificate and Agreement of Limited Partnership of Southwest Royalties, Inc. Income Fund VI, dated as of January 15, 1997. (x) Twenty Third Amendment to Certificate and Agreement of Limited Partnership of Southwest Royalties, Inc. Income Fund VI, dated as of May 10, 1997. (y) Twenty Fourth Amendment to Certificate and Agreement of Limited Partnership of Southwest Royalties, Inc. Income Fund VI, dated as of January 30, 1998. (z) Twenty Fifth Amendment to Certificate and Agreement of Limited Partnership of Southwest Royalties, Inc. Income Fund VI, dated as of July 27, 1998. (aa) Twenty Sixth Amendment to Certificate and Agreement of Limited Partnership of Southwest Royalties, Inc. Income Fund VI, dated as of December 22, 1998. (bb) Twenty Seventh Amendment to Certificate and Agreement of Limited Partnership of Southwest Royalties, Inc. Income Fund VI, dated as of February 25, 1999. (cc) Twenty Eighth Amendment to Certificate and Agreement of Limited Partnership of Southwest Royalties, Inc. Income Fund VI, dated as of July 27, 1999. 27 Financial Data Schedule 99 Limited Partners as of February 25, 1999 Limited Partners as of July 27, 1999 (b) Reports on Form 8-K There were no reports filed on Form 8-K during the quarter ended December 31, 1999. Signatures Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Partnership has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Southwest Royalties, Inc. Income Fund VI, a Tennessee limited partnership By: Southwest Royalties, Inc., Managing General Partner By: /s/ H. H. Wommack, III ----------------------------- H. H. Wommack, III, President Date: March 31, 2000 Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Partnership and in the capacities and on the dates indicated. By: /s/ H. H. Wommack, III ----------------------------------- H. H. Wommack, III, Chairman of the Board, President, Chief Executive Officer, Treasurer and Director Date: March 31, 2000 By: /s/ H. Allen Corey ----------------------------- H. Allen Corey, Secretary and Director Date: March 31, 2000 Exhibit Index Item No. Description Page No. 14(a)(3) Exhibit 4(bb): Twenty Seventh Amendment to Certificate 46 and Agreement of Limited Partnership of Southwest Royalties, Inc. Income Fund VI, dated as of February 25, 1999. Exhibit 4 (cc): Twenty Eighth Amendment to Certificate 48 and Agreement of Limited Partnership of Southwest Royalties, Inc. Income Fund VI, dated as of July 27, 1999. This Instrument Prepared By: J. Porter Durham, Jr. Baker, Donelson, Bearman & Caldwell 1800 Republic Centre 633 Chestnut Street Chattanooga, Tennessee 37450-1800 TWENTY-SEVENTH AMENDMENT TO CERTIFICATE AND AGREEMENT OF LIMITED PARTNERSHIP OF SOUTHWEST ROYALTIES, INC. INCOME FUND VI, A TENNESSEE LIMITED PARTNERSHIP Pursuant to the Tennessee Revised Uniform Limited Partnership Act, 62-2- 1204 of the Tennessee Code Annotated, and the provisions of the Tennessee Uniform Limited Partnership Act, being formerly 61-2-101, et seq. of the Tennessee Code Annotated, this Twenty-seventh Amendment (the "Amendment") to the Certificate and Agreement of Limited Partnership of Southwest Royalties, Inc. Income Fund VI is executed to be effective as of the 31st day of December, 1998, by and between H. H. WOMMACK, III, an individual ("General Partner"), SOUTHWEST ROYALTIES, INC. ("Managing General Partner") (the Managing General Partner and the General Partner, are hereinafter collectively referred to as "General Partners"), and the General Partners as attorney-in-fact for those persons and entities listed on Schedule 1 attached to this Amendment, whether existing or additional limited partners (collectively the "Limited Partners") and as attorney-in-fact for the Withdrawing Limited Partners, as defined hereinafter. WHEREAS, Southwest Royalties, Inc. Income Fund VI was organized as a Tennessee limited partnership pursuant to an Agreement of Limited Partnership, as amended from time to time, dated December 4, 1986 and recorded in Book 3280, Page 726 in the Register's Office of Hamilton County, Tennessee (the "Agreement"); and WHEREAS, the General Partners, Limited Partners and Withdrawing Limited Partners desire to amend the Agreement in the manner set forth herein; NOW, THEREFORE, for and in consideration of the mutual rights and obligations herein and other good and valuable consideration the receipt and legal sufficiency of which are acknowledged, the parties hereto agree as follows: 1. Schedule 1 to the Agreement is hereby deleted in its entirety and replaced by the Schedule 1 attached hereto. Those persons and entities which were formerly listed on Schedule 1 to the Agreement but which are not listed on the revised Schedule 1 attached hereto shall be defined collectively as the "Withdrawing Limited Partners." 2. Except as provided herein, the Agreement is hereby constituted and acknowledged as the controlling Agreement of Southwest Royalties, Inc. Income Fund VI. IN WITNESS WHEREOF, the parties hereto acknowledge that they have executed this Amendment to the Agreement to be effective as of the date first above written. GENERAL PARTNERS: By: /s/ H. H. Wommack, III ----------------------------------- H. H. Wommack, III, General Partner By: SOUTHWEST ROYALTIES, INC. Managing General Partner By: /s/ H. H. Wommack, III ----------------------------------- H. H. Wommack, III, President LIMITED PARTNERS: By: General Partners, as attorneys-in-fact for the Limited Partners listed on Schedule 1 attached hereto and those Withdrawing Limited Partners removed from Schedule 1 under Powers of Attorney previously granted By: /s/ H. H. Wommack, III ----------------------------------- H. H. Wommack, III By: SOUTHWEST ROYALTIES, INC. Managing General Partner By: /s/ H. H. Wommack, III ----------------------------------- STATE OF TENNESSEE ) COUNTY OF HAMILTON ) Before me, /s/ Suetta M. Morgan, a Notary Public in and for the State and County aforesaid, personally appeared H.H. Wommack, III, with whom I am personally acquainted (or proved to me on the basis of satisfactory evidence), and who, upon oath, acknowledged himself to be the attorney-in- fact for the admitted and withdrawing Limited Partners and as president of Southwest Royalties, Inc. for itself and as attorney-in-fact for the admitted and withdrawing Limited Partners, and who further acknowledged that he is authorized by Southwest Royalties, Inc., the Limited Partners and the Withdrawing Limited Partners to execute this document on its and their behalf. Witness my hand and seal at office, on this the 25th day of February 25, 1999. /s/ Suetta M. Morgan ----------------------------------- Notary Public This Instrument Prepared By: J. Porter Durham, Jr. Baker, Donelson, Bearman & Caldwell 1800 Republic Centre 633 Chestnut Street Chattanooga, Tennessee 37450-1800 TWENTY-EIGHTH AMENDMENT TO CERTIFICATE AND AGREEMENT OF LIMITED PARTNERSHIP OF SOUTHWEST ROYALTIES, INC. INCOME FUND VI, A TENNESSEE LIMITED PARTNERSHIP Pursuant to the Tennessee Revised Uniform Limited Partnership Act, 62-2- 1204 of the Tennessee Code Annotated, and the provisions of the Tennessee Uniform Limited Partnership Act, being formerly 61-2-101, et seq. of the Tennessee Code Annotated, this Twenty-eighth Amendment (the "Amendment") to the Certificate and Agreement of Limited Partnership of Southwest Royalties, Inc. Income Fund VI is executed to be effective as of the 27th day of July, 1999, by and between H. H. WOMMACK, III, an individual ("General Partner"), SOUTHWEST ROYALTIES, INC. ("Managing General Partner") (the Managing General Partner and the General Partner, are hereinafter collectively referred to as "General Partners"), and the General Partners as attorney-in-fact for those persons and entities listed on Schedule 1 attached to this Amendment, whether existing or additional limited partners (collectively the "Limited Partners") and as attorney-in-fact for the Withdrawing Limited Partners, as defined hereinafter. WHEREAS, Southwest Royalties, Inc. Income Fund VI was organized as a Tennessee limited partnership pursuant to an Agreement of Limited Partnership, as amended from time to time, dated December 4, 1986 and recorded in Book 3280, Page 726 in the Register's Office of Hamilton County, Tennessee (the "Agreement"); and WHEREAS, the General Partners, Limited Partners and Withdrawing Limited Partners desire to amend the Agreement in the manner set forth herein; NOW, THEREFORE, for and in consideration of the mutual rights and obligations herein and other good and valuable consideration the receipt and legal sufficiency of which are acknowledged, the parties hereto agree as follows: 1. Schedule 1 to the Agreement is hereby deleted in its entirety and replaced by the Schedule 1 attached hereto. Those persons and entities which were formerly listed on Schedule 1 to the Agreement but which are not listed on the revised Schedule 1 attached hereto shall be defined collectively as the "Withdrawing Limited Partners." 2. Except as provided herein, the Agreement is hereby constituted and acknowledged as the controlling Agreement of Southwest Royalties, Inc. Income Fund VI. IN WITNESS WHEREOF, the parties hereto acknowledge that they have executed this Amendment to the Agreement to be effective as of the date first above written. GENERAL PARTNERS: By: /s/ H. H. Wommack, III ----------------------------------- H. H. Wommack, III, General Partner By: SOUTHWEST ROYALTIES, INC. Managing General Partner By: /s/ H. H. Wommack, III ----------------------------------- H. H. Wommack, III, President LIMITED PARTNERS: By: General Partners, as attorneys-in-fact for the Limited Partners listed on Schedule 1 attached hereto and those Withdrawing Limited Partners removed from Schedule 1 under Powers of Attorney previously granted By: /s/ H. H. Wommack, III ----------------------------------- H. H. Wommack, III By: SOUTHWEST ROYALTIES, INC. Managing General Partner By: /s/ H. H. Wommack, III ----------------------------------- STATE OF Texas ) COUNTY OF Midland ) Before me, /s/ Paula Dillard, a Notary Public in and for the State and County aforesaid, personally appeared H.H. Wommack, III, with whom I am personally acquainted (or proved to me on the basis of satisfactory evidence), and who, upon oath, acknowledged himself to be the attorney-in- fact for the admitted and withdrawing Limited Partners, and as president of Southwest Royalties, Inc. for itself and as attorney-in-fact for the admitted and withdrawing Limited Partners, who further acknowledged that he is authorized by Southwest Royalties, Inc., the Limited Partners and the Withdrawing Limited Partners to execute this document on its and their behalf. Witness my hand and seal at office, on this the 27th day of July, 1999. /s/ Paula Dillard ----------------------------------- Notary Public AMENDMENTS FOLLOW AS EX-99 EX-27 2
5 This schedule contains summary financial information extracted from the Balance Sheet at December 31, 1999 and the Statement of Operations for the Year Ended December 31, 1999 and is qualified in its entirety by reference to such financial statements. YEAR DEC-31-1999 DEC-31-1999 181,112 0 173,306 0 0 354,418 8,426,634 6,579,000 2,202,052 1,317 0 0 0 0 2,200,735 2,202,052 823,002 830,452 0 0 306,589 0 0 523,863 0 523,863 0 0 0 523,863 23.57 23.57
EX-99 3 RUN DATE: Tuesday February 29, 2000 8:16 AM PAGE 1 SWR INCOME FUND VI I N V E S T O R L I S T I N G B Y P A R T N E R S H I P As of 01/23/1999 For Investors: ALL -------INVESTOR---------------------- UNITS INVESTMENT NUMBER NAME/ADDRESS BOUGHT AMOUNT AD115 Steve A. Adams IRA 4.0000 2,000.00 4520 Forest Peak Circle Marietta, GA 30066 AD143 Reba C. Adams 10.0000 5,000.00 231 Hubbell Street Edgewater, FL 32132 AD761 Milan V. Adrian Profit Sharing 10.0000 5,000.00 Plan & Trust 2665 Orrington Avenue Evanston, IL 60201 AI958 Henry & Susan Aivaler 20.0000 10,000.00 118 Medical Drive Carmel, IN 46032-2923 AL219 Marcia K. Carroll 20.0000 10,000.00 R.R. 1 Graymont, IL 61743-9801 AL21E G. R. Albertson IRA 20.0000 10,000.00 4000 Fairwood Midland, TX 79707 AL57G Edward Wyatt Allen IRA 10.0000 5,000.00 6771 Penneywell Drive Nashville, TN 37205 AL580 Edward W. Allen Jr. 5.0000 2,500.00 6771 Pennywell Dr. Nashville, TN 37205 AL746 Phillip S. Alpert 10.0000 5,000.00 4060 Santa Nella Place San Diego, CA 92130 AL816 Debra Althouse IRA 4.0000 2,000.00 2856 Calle Guadalajara San Clemente, CA 92673-3519 AM224 Erlinda B. Corpuz - Ambrosia 6.0000 3,000.00 as C/F Ruth Elaine Ambrosia 300 Hospital Dr. Spencer, WV 25276 AM990 Heidi K. Fleming 10.0000 5,000.00 5864 Spur Avenue Oceanside, CA 92057-5713 AN26F B. Betty Anderson Trustee 14.0000 7,000.00 of the B. Betty Anderson Revocable Trust dated 9-20-94 826 Live Oak Lane Oviedo, FL 32765 AN271 James L. Andrews IRA 20.0000 10,000.00 10311 SE 228th St. Kent, WA 98031 AN394 Leo Angel IRA 15.0000 7,500.00 11734 Old Eureka Way Gold River, CA 95670-8354 AN396 Angel, Hogan, Roberts & Berrin 45.0000 22,500.00 Employees Profit Sharing Plan 2386 Fair Oaks Blvd, Ste. 102 Sacramento, CA 95825 AN398 Angel, Hogan, Roberts & Berrin 20.0000 10,000.00 Profit Sharing Plan Judson R. Roberts TTEE 2386 Fair Oaks Blvd., Ste. 102 Sacramento, CA 95825 AN630 The Anoka Family Trust dated 20.0000 10,000.00 7/14/95, John Anoka & Dorothy L. Anoka Trustees 1705 East Horatio Avenue Maitland, FL 32751 AP732 Robert W. Applegate IRA 16.0000 8,000.00 1627 Buckman Springs Road Campo, CA 91906 AR593 Kay W. Armstrong 50.0000 25,000.00 119 Fleetwood Drive Lookout Mtn, TN 37350 AR593 Kay W. Armstrong 50.0000 25,000.00 119 Fleetwood Drive Lookout Mtn, TN 37350 AR626 David H. Arnold M.D., PC 8.0000 4,000.00 1203 W. Maple Avenue Geneva, AL 36340 AS419 Raymond & Elizabeth Ashley 50.0000 25,000.00 5009 Rio Vista Drive Granbury, TX 76049-5173 AS638 Susan Asowitch Trustee of the 10.0000 5,000.00 Susan Asowitch Declaration of Trust dated 5/13/93 724 North Rainbow Drive Hollywood, FL 33021 AT530 Melissa W. Atkinson IRA 5.0000 2,500.00 6239 Forest Trail Signal Mountain, TN 37377 AT531 Joseph S. Atkinson IRA 5.0000 2,500.00 6239 Forest Train Signal Mountain, TN 37377 AU575 David E. Ault IRA 30.0000 15,000.00 1708 Nesbit Road Nesbit, MS 38651 AU813 Anthony Autunno IRA 5.0000 2,500.00 2345 Leeward Shore Drive Virginia Beach, VA 23451 AY272 Darryl L. Ayers IRA 20.0000 10,000.00 255 N. Lakemont Avenue Winter Park, FL 32789 BA021 BBB Investments 50.0000 25,000.00 2508 Old Oaks Waco, TX 76710 BA235 Sylvia Bacote 10.0000 5,000.00 161 Dupre Avenue Norfolk, VA 23503 BA542 John A. Baker 20.0000 10,000.00 1021 Carob Lane Norco, CA 91760-1403 BA542 John A. Baker 20.0000 10,000.00 1021 Carob Lane Norco, CA 91760-1403 BA561 Michelle I. Baka, M.D. 10.0000 5,000.00 31950 Oak Ridge Pkwy Bulverde, TX 78163 BA57J Sharon L. Baldwin IRA 4.0000 2,000.00 7339 S. Endora Court Littleton, CO 80122 BA57K Robert C. Baldwin IRA 4.0000 2,000.00 7339 S. Endora Court Littleton, CO 80122 BA597 Anthony J. Balestrieri 40.0000 20,000.00 Revocable Trust Anthony J. Balestrieri Trustee 3609 Grayton Drive New Port Richey, FL 34652 BA618 Sam L. Banks 20.0000 10,000.00 300 Windmere Dr. Chattanooga, TN 37411 BA764 Donna Jean Barber, Trustee 6.0000 3,000.00 FBO Donna Barber Trust u/a/d 7/10/85 17335 Rosa Lee Way North Redington Beach, FL 33708 BA779 Helen Barrios IRA 5.0000 2,500.00 12045 King Road Roswell, GA 30075-1446 BA786 Lillie Baros IRA 10.0000 5,000.00 1704 Algee Drive Port Lavaca, TX 77979 BA789 William H. Barrett 40.0000 20,000.00 8918 1/2 Dolly Madison Dr. SW Tacoma, WA 98498-2510 BA78A Art Barrett 40.0000 20,000.00 9002 Dolly Madison SW Lakewood, WA 98498 BA811 Beverly K. Batchelor IRA 6.0000 3,000.00 24 Northampton Huntsville, AL 35801-2844 BA81H Boyd C. Batchelor IRA 8.0000 4,000.00 24 Northampton Huntsville, AL 35801 BA826 W.Bryson Bateman, Jr. MD PA 20.0000 10,000.00 Profit Sharing Trust 309 Walnut Creek Drive Goldsboro, NC 27530 BA982 Lokesk K. Bazaz IRA 8.0000 4,000.00 1011 Eaton Drive McLean, VA 22102 BE113 Laiah H. Beane & Linda B. Hunt 20.0000 10,000.00 4962 Rex Rd. Winston Salem, NC 27107 BE116 David L. Beaudin IRA 4.0000 2,000.00 1417 Roy Road Bellingham, WA 98226 BE179 Christopher C. Beaudin IRA 4.0000 2,000.00 4217 S. 22nd Road South Range, WI 54874-8828 BE576 Lamoine & Dorris Beldon 6.0000 3,000.00 7518 Sun Faire Lane Sacramento, CA 95828 BE768 Jerry W. Bergsma IRA 6.0000 3,000.00 9431 White Pine Zeeland, MI 49464 BE769 Craig P. Berg 12.0000 6,000.00 5522 - 38th Avenue NE Seattle, WA 98105-2204 BE76C Terry L. Berryhill IRA 4.0000 2,000.00 871 Todd Lane Arroyo Grande, CA 93420 BE76Z Robin Berrin IRA 8.0000 4,000.00 6305 Van ALstine Avenue Carmichael, CA 95608 BE77A Timothy A. Berg IRA 5.0000 2,500.00 2508 111th Avenue SE Bellevue, WA 98004-7300 BI296 Sandra J. Biermeier 40.0000 20,000.00 8340 Julianne Terrace Golden Valley, MN 55427 BI798 Harry R. Bissinger, Jr. IRA 4.0000 2,000.00 5174 LuPine Lane Acworth, GA 30101-6964 BI814 Donald & Florence Bittle, 10.0000 5,000.00 Trustees FBO The Bittle Trust u/a/d 2-28-95 621 Valley View Drive Henderson, NV 89015 BL102 William N. Black Estate 10.0000 5,000.00 c/o Kimberly Mckee 11517 Hesperian Circle Gold River, CA 95670 BL104 Black Diamond Blade Co. 100.0000 50,000.00 FBO Franklin Brenner, Trustee 234 East "O" Street Colton, CA 92324 BL129 Patricia Black 10.0000 5,000.00 16622 Cleary Circle Dallas, TX 75248 BL432 Fred H. Bliss 10.0000 5,000.00 3393 Bristol Lane Cuyahoga Falls, OH 44223 BL587 William Blount IRA 30.0000 15,000.00 528 N. 7th Street Chariton, IA 50049-1436 BO272 Eleanor I. Boe 30.0000 15,000.00 1509 Sandpiper Palm Desert, CA 92260 BO278 John C. Boersema 8.0000 4,000.00 2460 Lakeshore Drive Holland, MI 49424 BO407 Michael P. Bogomolny 20.0000 10,000.00 5252 Crofton Avenue Solon, OH 44139 BO415 Jules Bohnn IRA 200.0000 100,000.00 1215 Barkdull Street Houston, TX 77006 BO417 Joel E. Bohlmann 14.0000 7,000.00 1516 Trouville Avenue Norfolk, VA 23505 BO480 Worth W. & Nancy Boisture 20.0000 10,000.00 36 Kershaw Drive Bluffton, SC 29910 BO633 Robert & Sandra Boothe 20.0000 10,000.00 205 Wildwood Trace Hattiesburg, MS 39402 BO763 John T. Borowski, M.D. SEP-IRA 34.0000 17,000.00 9715 Lantana San Antonio, TX 78217 BO773 Douglas L. & Robin Borgen 8.0000 4,000.00 17411 Snohomish Ave. Snohomish, WA 98290 BO79B Karen L. Boswood IRA 4.0000 2,000.00 2710 Salmon Court North Pole, AK 99705-7308 BO79C James K. Boswood IRA 4.0000 2,000.00 2710 Salmon Court North Pole, AK 99705-7308 BO803 Carolann Bossert Trustee 6.0000 3,000.00 FBO Bossert 1986 Trust 2714 Bridgepointe Drive Las Vegas, NV 89121 BO861 Tania K. Boucher Trust 31.0000 15,500.00 P. O. Box 188 Mendenhall, PA 19357 BO961 Russell Bowen 8.0000 4,000.00 custodian for Sarah Bowen 28 Little Acres Road Glastonbry, CT 06033 BO997 David William Boyer IRA 8.0000 4,000.00 12020 149th St. E. Puyallup, WA 98374-3446 BR101 Daniel L. Brackeen 60.0000 30,000.00 410 Park Ridge Grand Prairie, TX 75051 BR104 Robert Branberg 10.0000 5,000.00 732 N. 77th Street Seattle, WA 98103 BR11L Arlene Brandeis IRA 5.0000 2,500.00 132 Beechmont Pittsburgh, PA 15206 BR186 Donna L. Brower IRA 4.0000 2,000.00 3901 East South Street Jackson, MI 49201 BR187 Lester Brower IRA 4.0000 2,000.00 3901 East South Street Jackson, MI 49201 BR278 Kenneth B. Breese IRA 20.0000 10,000.00 1375 Heather Dr. Holland, MI 49423 BR27B Gerard J. Brett IRA 9.0000 4,500.00 8868 Eatonwick Fairway Cordova, TN 38018 BR300 Franklin J. Brenner 200.0000 100,000.00 743 Miramar Fullerton, CA 92631 BR369 Thomas E. Brewington Jr MD PSP 12.0000 6,000.00 807 Summit Avenue Greensboro, NC 27405 BR370 Dr. Thomas E. Brewington, Jr. 8.0000 4,000.00 2601 Wilpar Drive Greensboro, NC 27406 BR446 Horace & Joanne Bridges 20.0000 10,000.00 309 Garland Place Enumclaw, WA 98022 BR543 Gerald M. & Wilma J. Baker 6.0000 3,000.00 P. O. Box 751 Pismo Beach, CA 93449 BR63D Charles Brodie 10.0000 5,000.00 1150-F N. Red Gum Street Anaheim, CA 92806 BR64V Margaret L. Brodek Trustee 6.0000 3,000.00 Brodek Trust dated 9-25-85, Sub-Trust A 10146 Babbitt Avenue Northridge, CA 91325 BR653 Thomas O. Brown IRA 62.0000 31,000.00 4430 Shady Hill Dallas, TX 75229 BR65B James F. Brown Revocable Trust 20.0000 10,000.00 u/a/d 2/6/97, James F. Brown, Trustee 135 Little River Road Hampton, NH 03842 BR664 John J. & Gerolynn Brooks 10.0000 5,000.00 265 Stacy Dr. Soldotna, AK 99669 BR686 Robert S. Brown 10.0000 5,000.00 1668 Highfield Lane Brentwood, TN 37027 BR693 Carlton & Lorraine Brouwer 20.0000 10,000.00 4690 120th Ave Holland, MI 49424 BR693 Carlton & Lorraine Brouwer 20.0000 10,000.00 4690 120th Ave Holland, MI 49424 BR703 Paul F. Brown IRA 30.0000 15,000.00 1822 Acorn Circle Ogden, UT 84403-3202 BR705 Warren & Diane Brown 10.0000 5,000.00 34 Plant Avenue Hudson, MA 01749 BR798 Debbie Peterson Brumfield IRA 5.0000 2,500.00 7315 141 Avenue N.E. Redmond, WA 98052-4123 BR861 Atys & Sara Brunson Trustees 100.0000 50,000.00 FBO Atys D. Brunson Jr. & Sara E Brunson Charitable Remainder Trust dated 09/04/86 1747 St. Tropez Court Kissimmee, FL 34744 BR989 Roland Bryson 30.0000 15,000.00 174 Rockford Rd. Kernersville, NC 27284 BU23E Shirley Cheng Buchanan IRA 6.0000 3,000.00 23721 Monument Canyon Drive Diamond Bar, CA 91765-2361 BU23N Fern Buchler IRA 5.0000 2,500.00 3008 Cindy Drive Racine, WI 53404-1206 BU392 Barrie Aldern Bugbee 6.0000 3,000.00 22066 Caminto Amor Laguna Hills, CA 92613 BU463 Tracey L. Buikema TR 10.0000 5,000.00 Cheryl L. Adams Custodian 10564 60th Avenue Allendale, MI 49401 BU768 James S. & Patricia Burgbacher 16.0000 8,000.00 4013 Pittwood Road Danville, VA 24540-5230 BU775 Lawrence S. Burne IRA 4.0000 2,000.00 2051 Shoreline Drive Apt 207 Alameda, CA 94501-6113 BU77F Alfredo J. Burlando & Rose M. 20.0000 10,000.00 Burlando Revocable Living Trust 3604 Azell Road Carmichael, CA 95608 BU79A Judy Buschena Living Trust 20.0000 10,000.00 u/a/d 10/01/96 Judy Buschena, Trustee 7195 159th Street W. Apple Valley, MN 55124-5132 BU829 Jason T. & Kathryn Butler 6.0000 3,000.00 1924 S. Salem Drive Anchorage, AK 99508 CA213 Corrine A. Cabell IRA 4.0000 2,000.00 70 Elberta Drive Sedona, AZ 86336-3536 CA224 Steven H. Crabtree IRA 4.0000 2,000.00 9949 Ledgeside Street Spring Valley, CA 92078 CA421 Charlotte T. Cahill 50.0000 25,000.00 12651 Seminole Blvd. Lot 24F Largo, FL 33778 CA483 Arnold & Naomi Cain 30.0000 15,000.00 9664 Cavendish Court New Port Richey, FL 34655 CA578 The Caldwell Family Trust 12.0000 6,000.00 7800 Saranac Ct. Orlando, FL 32835 CA5AF Catherine Campbell IRA 6.0000 3,000.00 3509 SW 12th Place Des Moines, IA 50315 CA606 Gene Campana IRA 4.0000 2,000.00 18261 Oak Ridge Drive Santa ANa, CA 92705-2021 CA731 Katherine D. Cappadona 10.0000 5,000.00 68 Erie Avenue Newton, MA 02161 CA762 Betty M. Carpenter IRA 8.0000 4,000.00 13236 Trail Hollow Houston, TX 77079 CA771 Casey L. Carlson IRA 6.0000 3,000.00 6621 Cornelia Drive Edina, MN 55435 CA782 F. Edwin Carpenter IRA 14.0000 7,000.00 13236 Trail Hollow Houston, TX 77079 CA796 Paul C Casperson Retirement TR 45.0000 22,500.00 Paul C. Casperson, Trustee 3460 Tucker Ranch Road Wilson, WY 83014 CA798 R. Richard Casto 20.0000 10,000.00 19990 Ibis Court Dunnellon, FL 34432 CH11L Eddie G. Chandler IRA 30.0000 15,000.00 1159 Aurora Court Dunwoody, GA 30338 CH129 David S. Chatterton IRA 24.0000 12,000.00 3809 Glenhurst Avenue St. Louis Park, MN 55416 CH177 Sharath Chandra 20.0000 10,000.00 C. Chandra Custodian 4134 Hamill Road Hixon, TN 37343 CH27N Peter Pai-Tsum Chen IRA 4.0000 2,000.00 P. O. Box 3444 Alhambra, CA 91803 CH466 Ronald M. Childree 6.0000 3,000.00 10310 NW 11th Street Plantation, FL 33322 CL11R Wesley R. Clark IRA 4.0000 2,000.00 Route 1 Holton, KS 66436 CL125 Louis A. Claassen 10.0000 5,000.00 15009 Timber Lake Circle Wichita, KS 67230 CL12C Phyllis W. Clarke IRA 8.0000 4,000.00 5101 Horseshoe Place NE St. Petersburg, FL 33703 CL178 Michael S. Clark IRA 5.0000 2,500.00 704 East Drive Memphis, TN 38112-1711 CL187 William H. Clark IRA 8.0000 4,000.00 P. O. Box 6124 Carefree, AZ 85377-6124 CL189 Lyle G. Clarke IRA 5.0000 2,500.00 3475 Cemetary Rd. Cass City, MI 48726 CL190 Clara Jean Clarke IRA 5.0000 2,500.00 3475 Cemetary Rd. Cass City, MI 48726 CO424 Marvin & Rose Cohn TTEES under 20.0000 10,000.00 the Marvin & Rose Cohn Revocable Trust Agreement dtd 6/2/87 4662 Fountain Drive Lake Worth, FL 33467-5064 CO426 Morris Cohen IRA 4.0000 2,000.00 7907 Forrestal Road San Diego, CA 92120 CO572 Marjorie Cole Wallace 8.0000 4,000.00 4105 Runnymede Drive Lilburn, GA 30247-3370 CO574 William R. Cole, Jr. 20.0000 10,000.00 215 Burns Road Shelbyville, TN 37160 CO57S Bruce D. Cole IRA 15.0000 7,500.00 5240 Franklin Pike Brentwood, TN 37027 CO604 Jesse L. & Margaret Coltrane 30.0000 15,000.00 920 W. Vandalia Road Greensboro, NC 27406 CO606 Bartholomew & Kathryn Comstock 40.0000 20,000.00 36017 Allen Avenue Livonia, MI 48154-5225 CO613 Shirley S. Conkwright 6.0000 3,000.00 7930 Driscoll Ave. Van Nuys, CA 91406 CO621 Jack V Conway & Gail G Conway 40.0000 20,000.00 Trustees of the Conway Trust Dated January 25, 1988 11786-A Moorpark Studio City, CA 91604 CO62J Anita E. Conlon Living Trust, 40.0000 20,000.00 u/a/d 12/5/96, Anita E. Conlon & Richard D. Conlon, Trustee 6031 Thomas Avenue South Minneapolis, MN 55410 CO631 Patricia A. Cook 20.0000 10,000.00 25408 Via Escalara Valencia, CA 91355 CO633 Scott & Debra Cooper 10.0000 5,000.00 380 Watercrest Ct. Holland, MI 49424 CO63Y George W. Cooper 10.0000 5,000.00 805 Saint Lo Lufkin, TX 75901 CO677 Timothy S. Cook 10.0000 5,000.00 272 Elemeda Street Holland, MI 49424 CO747 William & Frieda Cope 10.0000 5,000.00 1333 Shelbourne Dr. Bethlehem, PA 18018 CO764 Stephen W. & Joan P. Cornell 20.0000 10,000.00 1422 Washington St. Key West, FL 33040 CO799 Elizabeth A. Howard IRA 5.0000 2,500.00 5718 S. Kenton Street Englewood, CO 80111 CR11J Charles W. Cramer Gen. Partner 20.0000 10,000.00 The Cramer Separate Property Limited Partnership 5-31-94 2115 Cross Creek Arlington, TX 76017 CR722 David A. Crowell 30.0000 15,000.00 RR7 Box 5655 Farmingdale, ME 04344-9208 CU279 Alex Joseph Cuesta Jr. 20.0000 10,000.00 4411 NW 74 Ave Lauderhill, FL 33319 CU771 Peter B. and/or Pamela Currie 6.0000 3,000.00 7908 Mayapple Place Raleigh, NC 27613-4078 DA210 Mousa I. Dababnah 10.0000 5,000.00 P. O. Box 247 Beaver, WV 25813 DA533 Theodore Dake Jr. IRA 14.0000 7,000.00 4207 James Casey Austin, TX 78745-3362 DA585 James & Catherine Daly Trustee 10.0000 5,000.00 FBO James & Catherine Daly TR U/A/D 8/27/85 2700 Bayshore Blvd. #9402 Dunedin, FL 34698 DA61B Connie Dantinne 100.0000 50,000.00 P. O. Box 194 Conestoga, PA 17516 DA626 John A. Dantinne 50.0000 25,000.00 252 Willow Valley Drive Lancaster, PA 17602 DA769 Dominic Darpino 40.0000 20,000.00 5561 N.E. 28th Ave. Ft. Lauderdale, FL 33308 DA791 Jilleen S. Dasher IRA 4.0000 2,000.00 2025 Zoar Road Baxley, GA 31513-3293 DA96V Robert C. Davis M.D. IRA 20.0000 10,000.00 745 Clark Avenue Cookeville, TN 37201 DA994 Stephanie K. Day IRA 4.0000 2,000.00 16 Rock Bluff Rd. Pomona, CA 91766 DE572 Raymond W. Dell IRA 4.0000 2,000.00 Box 6591 Ketchikan, AK 99901 DE620 Deborah A. Dennehey 6.0000 3,000.00 600 Surf Lewisville, TX 75067 DE820 David A. & Marie DeSordi 10.0000 5,000.00 616 Vance Drive Bristol, TN 37620 DE954 Resources Trust Co. 4.0000 2,000.00 FBO Gloria DeVore IRA # I ###-##-#### P. O. Box 5900 Denver, CO 80217-5900 DE964 Samuel C. DeWeese IRA 4.0000 2,000.00 P. O. Box 16 Yorba Linda, CA 92686 DE965 Mae B. DeWeese IRA 6.0000 3,000.00 P. O. Box 16 Yorba Linda, CA 92686 DI284 Tommy D. Diehl 15.0000 7,500.00 820 Woodland Avenue LaVale, MD 21502 DI577 John D. Dilts 1.5000 750.00 P. O. Box 38 Forest Dale, VT 05745 DI578 G. Robert Dilts 1.5000 750.00 768 Co. Rt. 85 Oswego, NY 13126 DI579 Mark W. Dilts 1.5000 750.00 98 Rose Street Phillipsburg, NJ 08865 DI766 Angela Di Rubba 20.0000 10,000.00 P. O. Box 175 Patterson, NY 12563 DO286 William H. Doering 20.0000 10,000.00 P. O. Box 203 Boulder, WY 82923 DO578 Roveri & Rose M. Dolfi 10.0000 5,000.00 3916 Lake Sarah Dr. Orlando, FL 32804 DO633 Anna Lisa Doodeheefuer IRA 4.0000 2,000.00 3826 Durness Houston, TX 77025 DO76C Evelyn Dorn 15.0000 7,500.00 555 Butternut Holland, MI 49424 DO774 Oliver or Alma Dorn 10.0000 5,000.00 75 Old Mill Drive Unit #9 Holland, MI 49423 DO871 Thomas George Douglas IRA 50.0000 25,000.00 140 Spring Cove Tr. Altamonte Sprng, FL 32714 DO969 Chester L. & Joan Dow 6.0000 3,000.00 11600 Cedar Walk Drive St. Louis, MO 63146-4260 DR11B Emma L. Drager 10.0000 5,000.00 3082 "C" Via Serena South Laguna Hills, CA 92653-2583 DR11H Virginia Drake 20.0000 10,000.00 19978 Roosevelt Road South Bend, IN 46614 DR130 Jerome S. Siegel, M.D., P.C. 40.0000 20,000.00 Profit Sharing Plan & Trust 6025 Walnut Grove Road #607 Memphis, TN 38120 DR133 Myrna Drake IRA 5.0000 2,500.00 1303 Calais Memphis, TN 38119 DR281 Rodger & Doris Dreiling 6.0000 3,000.00 203 Blue Spruce Hutchinson, KS 67502 DR883 Edward M. & Karen L. Drury 50.0000 25,000.00 1400 E. Campbell Campbell, CA 95008 DU261 Emily A. Dudley IRA 10.0000 5,000.00 16720 Darnestown Road Boyds, MD 20841 DU492 Edgardo B. Dujon M.D. IRA 40.0000 20,000.00 52 Sunnygrove Odessa, TX 79761-2229 DU492 Edgardo B. Dujon M.D. IRA 20.0000 10,000.00 52 Sunnygrove Odessa, TX 79761-2229 DU541 Edward J. & Cheryl Duke 20.0000 10,000.00 2797 Muskegon Way West Palm Beach, FL 33411-5779 DU577 Michael Dull 30.0000 15,000.00 26 Summit Avenue Somerville, MA 02143-1817 DU777 Ronald & Elizabet Durst 12.0000 6,000.00 5509 Southlands Court Woodstock, GA 30188 DY545 Edward C. Dykema IRA 10.0000 5,000.00 2553 Meadow Drive Zeeland, MI 49464 EA764 Carole K. Early M.D. IRA 11.0000 5,500.00 P. O. Box 340 Clermont, FL 32711-0340 EA764 Carole K. Early M.D. IRA 10.0000 5,000.00 P. O. Box 340 Clermont, FL 32711-0340 EA764 Carole K. Early M.D. IRA 12.0000 6,000.00 P. O. Box 340 Clermont, FL 32711-0340 EA793 Thomas W. & Shirley A. Easton 20.0000 10,000.00 5802 Bearlake Cr. Apopka, FL 32703 EA815 Horald W. Eaton Est Trust 10.0000 5,000.00 Mary R. Eaton Trustee Attn: R. C. Eaton 11245 W. Old Nashville Road Columbus, IN 47201 EC553 Donald G. Eckhoff Keogh 10.0000 5,000.00 2021 Bellaire Denver, CO 80207 ED606 James P. Edmunds 10.0000 5,000.00 723 Teal Lane Altamonte Sprgs, FL 32701 ED961 Amy Leigh Edwards 10.0000 5,000.00 J. P. Edwards, Custodian P. O. Box 201422 Austin, TX 78720-1422 ED962 Jan Elizabeth Anderson 10.0000 5,000.00 208 Quail Hollow Lane East Amherst, NY 14051 EI203 Mildred Eichler 6.0000 3,000.00 19 Young Place Tuckahoe, NY 10707 EL579 Stuart M. Ellsworth IRA 10.0000 5,000.00 7716 South Harrison Circle Littleton, CO 80211 EL606 Stanley & Carolyn Elman 10.0000 5,000.00 430 E. Olive Avenue #A Monrovia, CA 91016-3512 EV284 James M. Everhart PSP 30.0000 15,000.00 u/a/d 8/17/79 James M. Everhart Trustee P. O. Box 2506 Roseville, CA 95746-2506 EV287 Maury Jay & Sherry D. Evensky 6.0000 3,000.00 5114 Whitehall Ave. Memphis, TN 38117 FA768 Cynthia C. Farrens IRA 4.0000 2,000.00 P. O. Box 3821 Homer, AK 99603 FA769 Daryl R. Farrens IRA 4.0000 2,000.00 P. O. Box 3821 Homer, AK 99603 FA806 George & Beverly Fast 6.0000 3,000.00 1526 Brookwood Hutchinson, KS 67502 FE583 Peter S. Felsenthal 10.0000 5,000.00 2340 Kirby Woods Cove Memphis, TN 38119 FE776 Frank J. Ferrin MD IRA 20.0000 10,000.00 3426 North Roosevelt Blvd Key West, FL 33040 FI252 Nancy C. Fiddler IRA 6.0000 3,000.00 19 Patriot Road Burlington, MA 01803 FI623 Alexander M. Finlay 20.0000 10,000.00 808 Live Oak Denton, TX 76201 FI815 Theodore Fritzinger 10.0000 5,000.00 1315 Pennsylvania St. Whitehall, PA 18052 FL296 Mary C. Fleming 10.0000 5,000.00 8760 White Oak Northridge, CA 91324 FL634 Yolanda Ruth Flores IRA 4.0000 2,000.00 6157 Cromwell Avenue Las Vegas, NV 89107-2527 FO579 Marshal V. Marchbanks 30.0000 15,000.00 Medical Corporation PSP FBO Marshall V. Marchbanks 3536 Mendocino Ave. Suite 250 Santa Rosa, CA 95403 FO76K Barbara R. Ford IRA 10.0000 5,000.00 2887 Via Venezia Deerfield Beach, FL 33442 FO76M Jeffrey L. Forman IRA 5.0000 2,500.00 110 Griswold Drive West Hartford, CT 06119 FO76Q Stephen J. Ford IRA 5.0000 2,500.00 2826 199th St. Avenue East Sumner, WA 98390 FO771 Forest Hill Lumber Co. 20.0000 10,000.00 3370 Mansfield Hwy Fort Worth, TX 76119 FO850 Wallace & Renee Foucault 40.0000 20,000.00 Trustees FBO "The Wallace Foucault and Renee Foucault Trust dated 9/19/95 2091 East Vina Del Mar Blvd St. Pete Beach, FL 33706 FR11K Rex R & Nancy D Fraizer TTEE's 20.0000 10,000.00 Fraizer Family Trust dtd 1-20-93 8610 Verde Way Las Vegas, NV 89129-4145 FR122 Bette M. Frank Residuary Trust 40.0000 20,000.00 Lester H. Frank & Carl R. Fenstemaker, Trustees 1908 Ship Court Toms River, NJ 08753-3119 FR278 Philip P. & Debra I. Freed 20.0000 10,000.00 28 Redcoat Lane Trumbull, CT 06611 FR287 Nita R. French 12.0000 6,000.00 799 Hillpine Drive, NE Atlanta, GA 30306 FR430 J. Kent Friedman 20.0000 10,000.00 MAXXAM, Inc. 5847 San Felipe, Suite 2600 Houston, TX 77057 FR649 Eugene C. Froelich 4.0000 2,000.00 Rt. 1 Piper City, IL 60959 FR982 Fonda T. Fry 3.0000 1,500.00 102 Cypress Road Wildwood, FL 34785-9772 FR982 Fonda T. Fry 2.0000 1,000.00 102 Cypress Road Wildwood, FL 34785-9772 FU410 Fuhr Family Revocable Living 50.0000 25,000.00 Trust u/a/d 9/13/96, Bruce and Mary Fuhr, Trustees 2333 Cypress Drive Grand Prairie, TX 75050 FU585 Beverly J. Fuller 30.0000 15,000.00 17 Rue Monet Foothill Ranch, CA 92610 FU616 Fund Raising Specialists, Inc 10.0000 5,000.00 Pension Plan Robert Grasso TTEE P. O. Box 2498 Woburn, MA 01888 GA459 Stephen E. & Janet R. Gainer 22.0000 11,000.00 824 Chesnut Street Parkersburg, WV 26101 GA463 Stephen E. Gainer IRA 4.0000 2,000.00 824 Chestnut Street Parkersburg, WV 26101 GA464 Janet R. Gainer IRA 4.0000 2,000.00 824 Chestnut St. Parkersburg, WV 26101 GA591 Herminio L & Phoebe J Gamponia 6.0000 3,000.00 Living Trust dated 7/11/92 413 Green Acres Circle Spencer, WV 25276 GA61B Vincent Gandolfo IRA 4.0000 2,000.00 7648 Clementine Way Orlando, FL 32819-4610 GA622 Edwin E. Gann 5.0000 2,500.00 12280 Bud Cross Road #11 Ft. Worth, TX 76179 GA623 Sherry Kimbrell 5.0000 2,500.00 1604 Duck Creek Road Sanger, TX 76266 GA766 Terry L. Gardiner 20.0000 10,000.00 3648 W. W. Lawton Seattle, WA 98199 GA76O Ira J. Garbutt IRA 10.0000 5,000.00 38 Sea Island Drive Newport Beach, CA 92660 GA774 Randy L. & Shirley D. Garrett 18.0000 9,000.00 1317 Forest Court Villa Rica, GA 30180 GE250 Cynthia G. Geddes 60.0000 30,000.00 9528 Dubois Boulevard Orlando, FL 32825 GE575 Peggy J. Gelbrich IRA 6.0000 3,000.00 Rt. 1 Box 808 Ketchikan, AK 99901 GI21A R. P. Gibson, Jr. 5.0000 2,500.00 30547 Blanco Road 3 Bulverde, TX 78163 GI21A R. P. Gibson, Jr. 2.0000 1,000.00 30547 Blanco Road 3 Bulverde, TX 78163 GI579 Eugene C. & Georgia L. Gilliam 20.0000 10,000.00 8872 Lakeview Rd. Lakeside, CA 92040 GI581 Robert & Evelyn Gillmore 20.0000 10,000.00 6158 Camphor Court Loomis, CA 95650-8003 GI587 Linda D. Gilson IRA 4.0000 2,000.00 3857 Fairview Ketchikan, AK 99901 GI617 Joe & Mary Gingerich 10.0000 5,000.00 7490 Converse Huff Road Plain City, OH 43064 GI619 Joe L. Gingerich IRA 6.0000 3,000.00 7590 Converse Huff Road Plain City, OH 43064 GI626 Cindy Ginos IRA 4.0000 2,000.00 2891 Echo Valley Road Jamul, CA 91935 GI627 Robert B. Ginos IRA 4.0000 2,000.00 2891 Echo Valley Road Jamul, CA 91935 GL275 Janet Glenn 44.0000 22,000.00 4851 Alpine Drive Lilburn, GA 30247 GO584 Robert H. Gold, DPM, PA IRA 40.0000 20,000.00 1024 Humphrey Oaks Circle Memphis, TN 38120-2618 GO586 Gary Goldsmith IRA 12.0000 6,000.00 7108 Midbury Dallas, TX 75230 GO627 Timothy Goodger IRA 7.0000 3,500.00 14615 W. 50th Street Shawnee, KS 66219 GO633 Warren & Alice Goode 10.0000 5,000.00 520 W. 4th St. Ontario, CA 91762 GO647 John Goott IRA 17.0000 8,500.00 770 S. Post Oak Lane, #410 Houston, TX 77056 GO773 Ken Gordon 50.0000 25,000.00 6878 Burwood Dallas, TX 75214 GO779 Marion Gornbein Trustee 10.0000 5,000.00 FBO Marion Gornbein Trust u/a/d 4/29/83 2372 NW Seventh Court Delray Beach, FL 33445-2084 GR120 David & Janice Grand 23.0000 11,500.00 3431 Georgia Ave No. Minneapolis, MN 55427 GR124 Samuel R. Granett 6.6000 3,300.00 3500 Woodcutters Way Austin, TX 78746-1540 GR129 Kenneth P. Grant IRA 5.0000 2,500.00 3029 Coves Court Lithonia, GA 30058 GR273 John M. Greenwood 30.0000 15,000.00 17 Meredith Avenue Newton, MA 02161 GR27A Christine Gregory IRA 6.0000 3,000.00 2216 30th Avenue South Nashville, TN 37212 GR28A Helen R. Greenlaw, Trustee 10.0000 5,000.00 The Helen R. Greenlaw Living Trust dated 3-13-95 P. O. Box 70 Georgetown, CA 95634 GR43D John W. Griffin M.D. 70.0000 35,000.00 523 Brookhollow Port Lavaca, TX 77979 GR442 Sonya M. Lindblom 10.0000 5,000.00 3702 Quail Marsh Court High Point, NC 27265 GR666 Steve M. & Nita Grothe 6.0000 3,000.00 1441 CR 1180 Decatur, TX 76234-9752 GR863 Fredric F. & Dolores Gruber 50.0000 25,000.00 1375 Bristol Park Place Heathrow, FL 32746 GR863 Fredric F. & Dolores Gruber 30.0000 15,000.00 1375 Bristol Park Place Heathrow, FL 32746 GU283 R. Leo Guest IRA 10.0000 5,000.00 1250 College Way Ontario, CA 91764 GU765 Morton Gurdin 10.0000 5,000.00 16722 Boca Delray Drive Delray Beach, FL 33484 GU791 Kenneth & Linda Gusnowski 13.4000 6,700.00 221 Skyline Rd. Georgetown, TX 78628 GU884 Carl E. Gunderson 36.0000 18,000.00 1113 Estates Drive Fairfield, CA 94533-9702 HA166 Roger Haase 20.0000 10,000.00 19 White Aspen Court Little Rock, AR 72212 HA577 Lisle A. & Clara M. Hale 24.0000 12,000.00 830 Washington Place E Sequim, WA 98382 HA596 S. Graham Hamilton 50.0000 25,000.00 P. O. Box 2024 Winter Park, FL 32790 HA598 Gene T. Hamilton MD IRA 6.0000 3,000.00 419 Lee Street Greenville, NC 27834 HA599 Donald F. & Jean K. Hammond 20.0000 10,000.00 1870 Cherry Grove Road North Suffolk, VA 23432 HA615 June G. Hanna 20.0000 10,000.00 400 Plaza Estival San Clemente, CA 92672 HA61G George A. Hanson Jr. IRA 50.0000 25,000.00 4718 Heintz AveNUE Kansas City, MO 64133-2346 HA61R Hamner Hannah III M.D. IRA 26.0000 13,000.00 11500 Canterbury Circle Leawood, KS 66211 HA760 Michael Harp IRA 5.0000 2,500.00 3100 Broadway, Ste. 1114 Kansas City, MO 64111 HA761 The Harris Family Trust 50.0000 25,000.00 2241 S. W. Starling Drive Palm City, FL 34990 HA767 Margaret R. Harder 6.0000 3,000.00 164 Karyl Street Burlington, WI 53105 HA768 Ivan G & Margaret A. Harken 20.0000 10,000.00 1014 Quinn Aplington, IA 50604 HA769 Lee C. Harrison 10.0000 5,000.00 1351 Whitetail Court Wichita, KS 67206 HA777 Cheryl Wood Harris 6.0000 3,000.00 c/o Texaco China Pouch-CACT 2000 Westchester Avenue White Plains, NY 10650-0001 HA778 Robert L. Harris 40.0000 20,000.00 P. O. Box 668 San Marcos, TX 78667-0668 HA779 Hartsville Cabinet & Millwork 10.0000 5,000.00 P. O. Box 237 Hartsville, TN 37074 HA77K Richard W. Hardman 10.0000 5,000.00 5029 Water Vista Drive Orlando, FL 32821 HA77X Helen Hartneck 5.0000 2,500.00 c/o Dan Clawson 212 Wells Avenue S., Suite J Renton, WA 98055-2142 HA787 Hardinge Revocable Living 40.0000 20,000.00 Trust, SubTrust B, H. DeForest Hardinge,Trustee,u/t/d 8/27/96 7270 W. Mercer Way Mercer Island, WA 98040-5534 HA78I B. Randloph Harrison IRA 20.0000 10,000.00 400 Pine Street, Suite 600 Abilene, TX 79601 HA78P Robert Harman IRA 4.0000 2,000.00 36 Stonington Road Laguna Beach, CA 92677 HA78Q Roger U. Hart IRA 30.0000 15,000.00 11852 Caminito Corriente San Diego, CA 92128 HA899 John J. Haughton 20.0000 10,000.00 P. O. Box 1346 Dennisport, MA 02639-5346 HA913 Sheldon S. Hausman IRA 4.0000 2,000.00 47 Toll Gate Lane Avon, CT 06001 HA975 Nancy L. Lee IRA 20.0000 10,000.00 P. O. Box 1146 Fair Oaks, CA 95826 HA98X Gary L. Haynes IRA 5.0000 2,500.00 625 Sunset Drive North Ketchikan, AK 99901-9151 HE444 Mark A. Heidmann IRA 4.0000 2,000.00 1520 W. Warner Road Suite 203 Gilbert, AZ 85233 HE627 Vernon & Helen Henriques 12.0000 6,000.00 8012 NW 101 Avenue Tamarac, FL 33321 HE62E Thomas L. Hendrix Trustee 8.0000 4,000.00 of The Hendrix Family Revocable Trust dated 6-1-93 1931 Rockwood Drive Sacramento, CA 95864 HE76P Anne B. Herman 44.0000 22,000.00 66 Grand Avenue Suwsnee, GA 30024 HE773 John M. & Karen A. Herron 14.0000 7,000.00 33333 County Road 12 Anton, CO 80801-9605 HE77C Julius P. Hebert, Jr. IRA 9.0000 4,500.00 227 Oakdale Loop Houma, LA 70360 HE786 John B. & Elizabeth Hertling 20.0000 10,000.00 4510 Larado Place Orlando, FL 32806 HE786 John B. & Elizabeth Hertling 20.0000 10,000.00 4510 Larado Place Orlando, FL 32806 HE793 Norma Jo Hess 1.5000 750.00 73 Bullman Street Phillipsburg, NJ 08865 HE854 Mary Lou Heuett IRA 4.0000 2,000.00 P. O. Box 882 Tucson, AZ 85702-0882 HI241 Marlyn L. Hicks 20.0000 10,000.00 5123 Pacifica Dr. San Diego, CA 92109 HI253 Harry T. and Claire Hickson 20.0000 10,000.00 3601 Abercorn St. Savannah, GA 31405 HI573 Robert S. Hill 10.0000 5,000.00 1735 Bella Casa Drive Woodland, CA 95695 HI573 Robert S. Hill 5.0000 2,500.00 1735 Bella Casa Drive Woodland, CA 95695 HI616 Ben M. Hiner IRA 4.0000 2,000.00 4120 Thoroughgood Drive Virginia Beach, VA 23455 HI616 Ben M. Hiner IRA 5.0000 2,500.00 4120 Thoroughgood Drive Virginia Beach, VA 23455 HO290 James & Genanne Hoene 10.0000 5,000.00 3027 Greyfield Trace Marietta, GA 30067 HO399 Fr. James C. Hoge 10.0000 5,000.00 5521 W. Pine Circle Crystal River, FL 32629 HO401 John R. Hogle IRA 10.0000 5,000.00 12622 57th Avenue West Everett, WA 98204 HO402 Thomas B. & Virginia C. Hogan 6.0000 3,000.00 4129 Allenhurst Dr. Norcross, GA 30092 HO561 James & Nancy Hokanson 10.0000 5,000.00 10605 West Concho Circle Sun City, AZ 85373 HO57G Dellon H. Holt IRA 4.0000 2,000.00 5336 Blue Sage Drive Raleigh, NC 27606 HO57H Carolyn C. Holt IRA 4.0000 2,000.00 5336 Blue Sage Drive Raleigh, NC 27606 HO587 Michael W. Hollenbeck 8.0000 4,000.00 1275 Saratoga Lane Geneva, FL 32732 HO588 NABOB 8.0000 4,000.00 FBO Clarence Holland MPP Financial Services Dept. Attn: Securities Processing P. O. Box 7088 Wyomissing, PA 19610-6088 HO589 NABOB 12.0000 6,000.00 FBO Clarence Holland PSP Financial Services Dept. Attn: Securities Processing P. O. Box 7088 Wyomissing, PA 19610-6088 HO647 Mary H. Hoobler 80.0000 40,000.00 17 Ingleton Circle Cartmel Kennett Square, PA 19348-2000 HO747 Carl A. & Jarine L. Hopmann 10.0000 5,000.00 12319 Burgoyne Dr. Houston, TX 77077 HO76N Leroy G. Hornbeck IRA 5.0000 2,500.00 P. O. Box 1079 Port Hadlock, WA 98338 HO76R George R. Horner Trust 20.0000 10,000.00 Geroge R. Horner, Trustee P. O. Box 60610 Fairbanks, AK 99706 HO789 Robert S. Horowitz 20.0000 10,000.00 20 Executive Park West #2023 Atlanta, GA 30329 HO962 James W. & Virginia C. Howard 20.0000 10,000.00 221 N. Co. Rd. 900 E. Indianapolis, IN 46234 HO965 Helen Howell or Alfred Warren 20.0000 10,000.00 Apartado 749 San Pedro Sula Honduras Central America HO968 Donald R. & Terri L. Howells 20.0000 10,000.00 3132 Masters Dr. Clearwater, FL 33519 HO96A Tia S. Howard IRA 8.0000 4,000.00 1417 Cranapple Cove Nashville, TN 37207-6012 HU39D Winifred Hughey IRA 25.0000 12,500.00 5722 Moonlight Circle Orlando, FL 32839 HU586 Betty B. Pope 20.0000 10,000.00 1002 Northfield Blvd Forrest Oaks A-104 Murfreesboro, TN 37130 HU617 Carole A. Hunka IRA 9.0000 4,500.00 125 Hardin Ct. Grenta, LA 70056 HU61E Terry B. Hunka IRA 12.0000 6,000.00 125 Hardin Court Grenta, LA 70056 HU61H Robert J. Hunting IRA 4.0000 2,000.00 803 Brookside Road Maitland, FL 32751 HU630 Oscar H. & Catherine S. Hunt 30.0000 15,000.00 2391 Rosswood Road Trinity, NC 27370 HU803 Don R. & Jessie M. Huston 10.0000 5,000.00 110 North Emporia Haven, KS 67543 IN254 Indelicato Living Trust u/a/d 6.0000 3,000.00 4/22/96, Gregory J. Indelicato Trustee 8801 N.W. 38th Drive #306-B Coral Springs, FL 33065 IN816 Kerry Johnson Trustee 30.0000 15,000.00 International Productivity Systems Fixed Benefit PP 11151 Cherry Hill Santa Ana, CA 92705 IN817 James G. Stensby M.D. IRA 40.0000 20,000.00 Route 3 Box 235-C Winchester, TN 37398 IN837 Internal Medicine Specialists 20.0000 10,000.00 P. O. Box 1567 Downey, CA 90240 IR111 Barbara S. Ira IRA 5.0000 2,500.00 2601 Orleans Bellingham, WA 98226 IR446 Michael Irish IRA 4.0000 2,000.00 4600 S. Ulster Street #700 Denver, CO 80237 IR971 Blanche Irwin or Lynn Bixler 20.0000 10,000.00 or Robert Irwin 615 Summit St. Apt #1 King of Prussia, PA 19406 IS681 James K. Isom Tr. 6.0000 3,000.00 50 N. University Dr. Plantation, FL 33324 JA217 A. Everette James M.D. 10.0000 5,000.00 205 New Castle Place Chapel Hill, NC 27514-6588 JA23Y James B. & Joyce A. Jackson 10.0000 5,000.00 Revocable Family Trust James B. Jackson and Joyce A. Jackson, Trustees 4289 Rose Creek Road Roseville, CA 95747 JA599 Gerald P. Jambon IRA 4.0000 2,000.00 2150 Mars St. Harvey, LA 70058 JA602 Mrs. Jeannette C. James 60.0000 30,000.00 33 White Oak Road Asheville, NC 28803 JA628 Jeanne C. Janssen 50.0000 25,000.00 210 Flager Lane West Palm Beach, FL 33407 JA761 R. Brooks Jarrell 60.0000 30,000.00 3240 Memorial Blvd. Murfreesboro, TN 37129 JE219 Suzanne P. Jebe 30.0000 15,000.00 5340 Hampshire Drive Minneapolis, MN 55419 JE618 James & Nancy Jenkins 10.0000 5,000.00 7767 Waterpark Lane Houston, TX 77086 JE628 Lynn S. Jensen IRA 6.0000 3,000.00 119 Summit Drive York, PA 17404 JE965 Carla R. Jewell IRA 4.0000 2,000.00 3400 North Pershing Hutchinson, KS 67502-2958 JI771 James O. Jirsa IRA 9.0000 4,500.00 8800 Point West Austin, TX 78759 JO41F Gregory Johnson IRA 8.0000 4,000.00 P. O. Box 344 Meridian, ID 83642 JO421 Margaret L. Johnston IRA 8.0000 4,000.00 2846 Zarthan Ave S St Louis Park, MN 55416 JO423 Johnson Revocable Trust 10.0000 5,000.00 u/a/d 7/18/85 Owen & Gloria Johnson Trustees 2120 Mirmar Drive Balboa, CA 92661 JO428 Steven E. Johnson, M.D. 12.0000 6,000.00 5009 Highland Meadow Fort Worth, TX 76132-3815 JO42H The Johnston Family Trust 100.0000 50,000.00 Carl B. Johnston and Helena C. Johnston, Trustees 7562 Regency Drive Palm Springs, CA 92264 JO42H The Johnston Family Trust 140.0000 70,000.00 Carl B. Johnston and Helena C. Johnston, Trustees 7562 Regency Drive Palm Springs, CA 92264 JO570 William Jolliffe 40.0000 20,000.00 P. O. Box 548 Oshkosh, NE 69154-0548 JO618 James D. Jones IRA 4.0000 2,000.00 P. O. Box 9107 Ketchikan, AK 99901 JO763 Marion H. Jordan, M.D. 6.0000 3,000.00 3309 Old Point Road Edgewater, MD 21037 KA57C Dianne L. Kalina IRA 4.0000 2,000.00 98 Anacapa Drive Santa Rosa, CA 95403 KA739 Bertram D. & Miriam Kaplan 50.0000 25,000.00 8217 Bryn Manor Germantown, TN 38138 KA742 Robert J. & Bertram D. Kaplan 50.0000 25,000.00 M. D., PA Retirement Plan 910 Madison Avenue Ste 922 Memphis, TN 38103 KA793 Misako Kashiki TTEE 10.0000 5,000.00 Kashiki Family Trust UDT 10/1/93 5580 Camino Real Riverside, CA 92509 KA849 Steven E. Katzman 60.0000 30,000.00 34 Powder Creek Dr. Belleville, IL 62223 KE166 Walter M. & Sharlene Kearney 25.0000 12,500.00 58 Quarter Staff Place Berlin, MD 21811-1677 KE574 Sylvia M. Kelley 40.0000 20,000.00 418 Landsbury Drive Weddington, NC 28173 KE577 Joan M. Kelly 10.0000 5,000.00 2701 67th Street North St. Petersburg, FL 33710-3148 KE604 Michael M. Kempotich IRA 10.0000 5,000.00 16825 24th Ave. N Plymouth, MN 55447 KE617 K. Robert & Patricia Kennedy 6.0000 3,000.00 8607 Imogene Houston, TX 77074 KE61J Bruce C. Kenny 4.0000 2,000.00 30570 Middle Creek Circle Daphne, AL 36527 KE61M Phyllis Kennedy/Kay M. Walter 12.0000 6,000.00 755 Woodbridge Drive Medford, OR 97504-3300 KE802 Edward Jay Kessler IRA 8.0000 4,000.00 2440 Lone Jack Road Olivehain, CA 92024 KE803 Margaret B. Kessler IRA 8.0000 4,000.00 2440 Lone Jack Rd. Olivehain, CA 92024 KE836 Mark & Carol Kettner 6.0000 3,000.00 92-1239 Hunekai Street Ewa Beach, HI 96707 KI378 The Ruth Lucille Kifer Living 10.0000 5,000.00 Trust u/t/a March 26, 1987 Ruth Lucille Kifer, Trustee or her successor trustee 3451 Quail Ridge Lane Eugene, OR 97404-3871 KI579 Michael J. Kiley 4.0000 2,000.00 2030 Main Street Ste 1240 Irvine, CA 92614 KI594 Kimple Mold Corporation PSP 60.0000 30,000.00 Ronald R. Kimple & Janet K. Kimple,Trustees u/a/d 12/29/95 415 Industrial Road Goddard, KS 67052 KI620 Bruce O. King 10.0000 5,000.00 P. O. Box 1898 Mt. Pleasant, TX 75455 KI627 Steven L. & Janet N. Kinzler 87.0000 43,500.00 11 Glenleigh Little Rock, AR 72207 KI628 Janet N. Kinzler Trust 74.0000 37,000.00 11 Glenleigh Drive Little Rock, AR 72207 KI762 Mildreene J. Kirby 20.0000 10,000.00 1825 Brighton Grover City, CA 93433 KI774 Alan T. & Susan Kirby 20.0000 10,000.00 2675 Reynolds Drive Winston-Salem, NC 27104 KI801 Michael A. Kisel IRA 10.0000 5,000.00 45 Colgett Drive Oakland, CA 94619-2304 KI953 Michael & Mildred Kivatisky 6.0000 3,000.00 3646 E. Harmon Ave. Las Vegas, NV 89121 KL283 Betty L. Kleiman 20.0000 10,000.00 12323 Montego Plaza Dallas, TX 75230 KN431 Walter Knieling IRA 20.0000 10,000.00 9812 Spring Oak Drive Bakersfield, CA 93311 KN431 Walter Knieling IRA 5.0000 2,500.00 9812 Spring Oak Drive Bakersfield, CA 93311 KN466 John W. & Joanne S. Knight 12.0000 6,000.00 8499 Collinswood Drive Olive Branch, MS 38654 KO393 John M Koger IRA 20.0000 10,000.00 c/o Koger Agency P. O. Box 4587 Topeka, KS 66604-0587 KO413 Mary Ann Kohn 17.0000 8,500.00 2041 E. Columbia Street Allentown, PA 18103 KO618 Lawrence K. Koning 4.0000 2,000.00 900 South Main Ste 209 Corona, CA 91720-3498 KO628 Stan or Jayne Konynenbelt 14.0000 7,000.00 10109 Holiday Zeeland, MI 49464 KO779 Charles R. & Elizabeth Korman 10.0000 5,000.00 11 Brookglen Drive Greensboro, NC 27410-2756 KO811 Charles D. Koteen 14.0000 7,000.00 98 Newport Avenue West Hartford, CT 06117 KO830 Lois Koteen 10.0000 5,000.00 98 Newport Avenue West Hartford, CT 06107 KR120 William L. Kraus III 6.0000 3,000.00 c/o Kraus Energy Consolidated P. O. Box 66 Newark, DE 19715 KR126 Leo C. & Theresa Kranz 8.0000 4,000.00 34 Greentree Lane Conroe, TX 77304-1108 KR137 William L. Kraus III 6.0000 3,000.00 Kraus Foundation P. O. Box 66 Newark, DE 19715 KR191 Brey Krause-Smoyer Brass 100.0000 50,000.00 Employee Benefit Fund 40 Iron Clad Salem, SC 29676 KR200 Ernest C. & Martha Krauth 40.0000 20,000.00 1632 Bayfield Court New Port Richey, FL 34655-4912 KR633 James Kroncke 2.0000 1,000.00 4185 Dimholt Court Winston-Salem, NC 27104 KR634 Frederick Kroncke 2.0000 1,000.00 156 Candlewood Road Rocky Mount, NC 27804 KR634 Frederick Kroncke 2.0000 1,000.00 156 Candlewood Road Rocky Mount, NC 27804 KU416 Bonnie M. Kuhn 20.0000 10,000.00 Box 98 Funkstown, MD 21734 KU839 William & Elizabeth Kutz 10.0000 5,000.00 201 Hartranft Ave. Coleston Norristown, PA 19401 KW641 Ronald Kwok & Karen Buxbaum 20.0000 10,000.00 5757 Evening Canyon Drive La Canada Flintridge, CA 91011 KY545 Daniel C. Kyker, Jr. 40.0000 20,000.00 145 Bent Tree Drive Hendersonville, NC 28739 LA212 John & Irene LaBeda 10.0000 5,000.00 747 Marsopa Dr. Vista, CA 92083-6482 LA446 Wesley B. Laine 10.0000 5,000.00 526 Virginia Dare Drive Virginia Beach, VA 23451 LA536 Glen W. Lake 20.0000 10,000.00 530 Waterford Drive Roanoke, VA 24014 LA595 Brian Lamb 6.0000 3,000.00 2420 S. Queen Street Arlington, VA 22202 LA775 Eston & Betty Larsen 10.0000 5,000.00 1306 A Wheatland Drive Hutchinson, KS 67502-5670 LA855 Jerry B. & Anne W. Lauer 6.0000 3,000.00 9024 Crichton Woods Dr. Orlando, FL 32819 LA857 Ben F. Lautenslager IRA 30.0000 15,000.00 8991 Whirlaway Alta Loma, CA 91701-1416 LA983 The Lazar Family Trust u/a/d 12.0000 6,000.00 7/23/98, David W. Lazar or Jean Gartin Lazar, Trustees 446 Vista Roma Newport Beach, CA 92660 LE117 Phillip B. Leavenworth cust. 5.0000 2,500.00 FBO Helen Rachell Leavenworth 230 North Grove Street Mt. Horeb, WI 53572-1616 LE186 Yvonne F. Leander IRA 4.0000 2,000.00 1101 Deerhurst Court Nashville, TN 37221-3962 LE258 Charles M. Lederer, Jr. 40.0000 20,000.00 9905 East 83 Terrace Raytown, MO 64138 LE271 Patricia Ann Lee Custodian 10.0000 5,000.00 For Roger Scott Lee 16327 Mt. Islip Circle Fountain Valley, CA 92708 LE273 Patricia Ann Lee Custodian 10.0000 5,000.00 For Nancy Suzanne Lee 16327 Mt. Islip Cir. Fountain Valley, CA 92708 LE363 George Leever IRA 7.0000 3,500.00 9581 Oak Point Cove Arlington, TN 38002 LE412 George Edward Lehigh Revocable 10.0000 5,000.00 Trust u/a/d 6/28/94 Summerwood Estates 11421 W. Cedarwood Drive Omaha, AR 72662 LE420 Barbara H. Leever IRA 5.0000 2,500.00 9581 Oak Point Cove Arlington, TN 38002 LE636 Janet M. Leon Trustee 8.0000 4,000.00 of the Janet M. Leon Revocable Trust U/A/D 7-20-93 140 Wagon Wheel Way Lake Mary, FL 32746 LE95P Tekla P. Levy Trust u/a/d 20.0000 10,000.00 2/26/98, Tekla P. Levy and Martha S. Ballard, Co-Trustees 206 Concord Park West Nashville, TN 37205 LE963 Elaine H. Lewis IRA 8.0000 4,000.00 4168 Blue Heron Court Las Vegas, NV 89121 LE965 James R. & Deldee L. Lewis 10.0000 5,000.00 P. O. Box 27 Colbert, WA 99005-0027 LE973 Lynn E. Lewis 10.0000 5,000.00 1607 Summit View Anchorage, AK 99504 LI213 Matthew A. Liberatore IRA 5.0000 2,500.00 3621 Stanford Circle Falls Church, VA 22041 LI214 Katherine K. Liberatore IRA 5.0000 2,500.00 3621 Stanford Circle Falls Church, VA 22041 LI593 Lisa K. Lim 7.0000 3,500.00 1444 Cimarron Drive Holland, MI 49423 LI605 Robert W. & Lois P. Lindberg 50.0000 25,000.00 37 Buena Vista Dr. White Plains, NY 10603 LI617 Daniel M. Linguiti IRA 4.0000 2,000.00 P. O. Box 550754 Jacksonville, FL 32255-0754 LI61K George & Eleanor Lindenbaum 10.0000 5,000.00 141 Vista del Parque Redondo Beach, CA 90277 LI61K George & Eleanor Lindenbaum 5.0000 2,500.00 141 Vista del Parque Redondo Beach, CA 90277 LI61K George & Eleanor Lindenbaum 18.0000 9,000.00 141 Vista del Parque Redondo Beach, CA 90277 LI61K George & Eleanor Lindenbaum 10.0000 5,000.00 141 Vista del Parque Redondo Beach, CA 90277 LO212 Peter Lobello IRA 8.0000 4,000.00 5624 NW 23rd Terrace Boca Raton, FL 33496 LO266 Hilary P. Lodermeier 6.0000 3,000.00 3323 Elkhorn Blvd N. Highlands, CA 95660 LO269 Joseph & Diane LoDuca 20.0000 10,000.00 36366 Haverhill Sterling Hts., MI 48312 LO270 Lazarus J. Loeb M.D. IRA 10.0000 5,000.00 1504 Westover Lane Ft. Worth, TX 76107 LO337 Henry J. Loewenstein 40.0000 20,000.00 Revocable Trust Agreement dtd 1-12-87 1020 N. Northlake Drive Hollywood, FL 33019 LO596 Dominic Lombardi 6.0000 3,000.00 3410 Erie Blvd. East De Witt, NY 13214-1805 LO681 Richard J. & Marion E. Looney 10.0000 5,000.00 400 SW 297th St. Federal Way, WA 98023 LO994 Paul B. Loyd IRA 28.0000 14,000.00 210 Bluffcrest San Antonio, TX 78216-1910 LO996 Jose Lozano, M.D. 6.0000 3,000.00 2099 Dowlen Road #23 Beaumont, TX 77706-3363 LU288 Milton Lee Luedke 10.0000 5,000.00 304 E. Ward Waco, TX 76706 LU288 Milton Lee Luedke 22.0000 11,000.00 304 E. Ward Waco, TX 76706 MA25P Douglas W. Ligon M.D. IRA 20.0000 10,000.00 130 W. Briarcrest Drive Erin, TN 37061 MA391 Joan Maggio 100.0000 50,000.00 599 Wagontown Road Coatesville, PA 19320 MA401 Carl & Charlene Magee 10.0000 5,000.00 3210 Bluff Blvd. Holiday, FL 34691-9713 MA406 Gladys Maghakian 6.0000 3,000.00 35 Julio Drive #319 Shrewsbury, MA 01545-3050 MA574 Bernard & Eleanor Malacco 10.0000 5,000.00 1308 Wyoming Avenue Exeter, PA 18643 MA576 Willard L. Maletz 8.0000 4,000.00 238 Fourteenth Street Seal Beach, CA 90740-6507 MA57E John A. Mallory IRA 18.0000 9,000.00 252 Mercedes Lane Arroyo Grande, CA 93420 MA61T Susan Mann IRA 4.0000 2,000.00 14454 Costa Mesa Drive La Mirada, CA 90638 MA61X Jack L. Manwaring Trust 35.0000 17,500.00 u/a/d 10/2/97, Jane L. Manwaring, Trustee 20244 N. 101 Avenue #1067 Peoria, AZ 85382 MA61Y Jane L. Manwaring Trust 35.0000 17,500.00 u/a/d 10/2/97 Jane L. Manwaring, Trustee 20244 N. 101 Avenue #1067 Peoria, AZ 85382 MA766 Dolores Maragni 100.0000 50,000.00 Marina Bay Club #48 580 Patten Ave. Long Branch, NJ 07740 MA770 E. J. Marshall & R. J. Faucett 10.0000 5,000.00 P. O. Box 492 Wilton, ME 04294 MA772 William H. & Miriam Martin 24.0000 12,000.00 P. O. Box 620447 Oviedo, FL 32762-0447 MA77W Jack Maroni IRA 4.0000 2,000.00 36-645 Palomino Lane Rancho Mirage, CA 92270 MA78B Melvin M. Marquis IRA 24.0000 12,000.00 70234 Kelly Road Mandeville, LA 70448 MA78C Merle L. Marquis IRA 5.0000 2,500.00 70234 Kelly Road Mandeville, LA 70448 MA78S Daniel E. Martin M.D. IRA 20.0000 10,000.00 Rt. 3 Box 568 B Erin, TN 37061 MA797 George L. & Alice Massey 50.0000 25,000.00 14160 Birmingham Highway Alpharetta, GA 30201 MA799 Cathy Mastrantuono IRA 4.0000 2,000.00 8100 Cambridge Drive #144 Houston, TX 77054 MA79L Janet M. Masuda IRA 4.0000 2,000.00 17499 Blue Jay Road Morgan Hill, CA 95037 MA81D Laszlo Matrai 4.0000 2,000.00 8186 Ambassador Court San Diego, CA 92126 MA984 James C. Maxey, Sr. 10.0000 5,000.00 1700 Carnelian Anaheim, CA 92802 MA984 James C. Maxey, Sr. 2.0000 1,000.00 1700 Carnelian Anaheim, CA 92802 MA985 Timothy Douglas Maynard M.D. 10.0000 5,000.00 106 Oak Ridge Road Gatesville, TX 76528 MC160 Kevin M. McAllister 6.0000 3,000.00 8852 Shenandoah Circle NW Pickerington, OH 43147-9630 MC241 Margie W. & John M. McCollum 10.0000 5,000.00 170 Baker Cross Road Madison, NC 27025 MC24C James F. McCann IRA 50.0000 25,000.00 7899 JoJoba Circle Gold Canyon, AZ 85219-3364 MC24J Ed R. McCollom IRA 7.0000 3,500.00 2015 Maple Circle West Des Moines, IA 50265-4295 MC266 Thomas G. & Wanda L. McDonald 10.0000 5,000.00 P. O. Box 85 Summit Point, WV 25446 MC457 Thomas R. McIntire 20.0000 10,000.00 5808 Edgewood Drive McKinney, TX 75070 MC574 Robert H. McLarn 10.0000 5,000.00 5609 Choctaw Drive Granbury, TX 76049 MC589 Merle B. McMillen IRA R/O 10.0000 5,000.00 c/o Nancy E. McMillen 1710 Romeria Drive Austin, TX 78757 MC589 Merle B. McMillen IRA R/O 16.0000 8,000.00 c/o Nancy E. McMillen 1710 Romeria Drive Austin, TX 78757 MC621 Jeffrey W. McNiece IRA 4.0000 2,000.00 401 Sandy Lane Deltona, FL 32738 MC735 James M. McPartlin IRA 5.0000 2,500.00 324 Russell Street Woburn, MA 01801 MC737 John J. McPhaul IRA 17.0000 8,500.00 4212 Melissa Lane Dallas, TX 75229-4111 MC748 Scott D. McPherson 6.0000 3,000.00 515 N. Noble #604 Chicago, IL 60622 ME413 Arkesh M. Mehta IRA 4.0000 2,000.00 4725 Naples Avenue Beltsville, MD 20705 ME454 Eric A. & Vickie A. Meindl 20.0000 10,000.00 213 N. Beach Blvd. Waveland, MS 39576 ME466 Paul Meis IRA 51.0000 25,500.00 1228 Idlewilde Heath Drive Winston-Salem, NC 27106 ME578 Harry Melton & Esther Melton 6.0000 3,000.00 Revocable Living Trust u/a/d 4/19/85 2221 Norwegian Dr., Apt. #61 Clearwater, FL 34623 ME578 Harry Melton & Esther Melton 10.0000 5,000.00 Revocable Living Trust u/a/d 4/19/85 2221 Norwegian Dr., Apt. #61 Clearwater, FL 34623 ME583 Patricia K. Merlo 14.0000 7,000.00 3011 Hokendauqua Street Whitehall, PA 18052 ME762 Elizabeth B. Mercado IRA 20.0000 10,000.00 3008 Brownwood Chattanooga, TN 37404 ME76F Laurence Mercier 10.0000 5,000.00 3622 Marigny Street New Orleans, LA 70122 ME811 Willard A. & Marilyn Metcalf 10.0000 5,000.00 3 Hoke Smith Blvd. Apt. E 307 Greenville, SC 29615-5553 ME815 M. Rodney Metz IRA 44.0000 22,000.00 3198 Edgewater Drive Gainesville, GA 30501 ME815 M. Rodney Metz IRA 24.0000 12,000.00 3198 Edgewater Drive Gainesville, GA 30501 ME967 Denise O. Mewborne 14.0000 7,000.00 1081 Manning Farm Ct. Dunwoody, GA 30338-2648 MI288 Anthony P. & Patricia Mientek 8.0000 4,000.00 176 Shallowbrook Lane Glastonbury, CT 06033 MI577 Harry L. Miller IRA 4.0000 2,000.00 722 E. Main Street Arlington, KS 67514-9435 MI579 Ronald L. Miller 12.0000 6,000.00 7604 Olcott Avenue Bakersfield, CA 93308 MI581 Elizabeth & Lawrence Miller 12.0000 6,000.00 5605 Cape Coral Circle Las Vegas, NV 89130-2095 MI583 Myron D. Miller 6.0000 3,000.00 12908 S. Highpoint Road Partridge, KS 67566 MI587 Linda Stevenson-Millard IRA 4.0000 2,000.00 3110 Douglas Highway Juneau, AK 99801 MI588 Albert J. Miller IRA 10.0000 5,000.00 Rt. 1 Box 255 Hutchinson, KS 67501 MI589 Maurice J. & M. June Miller 10.0000 5,000.00 605 S. Chicago St. Dwight, IL 60420-1001 MI58N Paul L. Miller IRA 4.0000 2,000.00 7801 S. Herren Road Partridge, KS 67566 MI58Y Arno Miller 4.0000 2,000.00 Rt 1 Box 273 Hutchinson, KS 67501 MI606 Donald Ray Miller IRA 50.0000 25,000.00 225 Stone Creek Ranch Road McGregor, TX 76657-3764 MI614 Scott W. & Clare L. Milhous 6.0000 3,000.00 Trustees UTA dated 10/31/88 2621 Gordon Avenue La Harbra, CA 90631 MI619 Michael A. Mingolelli 8.0000 4,000.00 1101 Worchester Road Framingham, MA 01701 MI814 Richard H. Mitchell IRA 4.0000 2,000.00 12412 Horado Road San Diego, CA 92128 MI81B Marianne Mitchell IRA 4.0000 2,000.00 816 North O Street Space 57 Lompoc, CA 93436 MI81I Richard H. Mitchell 10.0000 5,000.00 12412 Horado Road San Diego, CA 92128 MI81J Dianne L. Mitchell Kalina 10.0000 5,000.00 98 Anacapa Drive Santa Rosa, CA 95403 MO610 Kenneth H. Montgomery IRA 10.0000 5,000.00 2 Moore Road Wayland, MA 01778 MO63F Gradon A. & Nancy A. Moon 8.0000 4,000.00 Trustees FBO Moon Family Trust u/a/d 5/3/89 5320 Del Monte Avenue Las Vegas, NV 89146 MO774 Steven A. & Shirley A. Morrill 6.0000 3,000.00 291 Governor Goodwin Road North Berwick, ME 03906-9801 MO77B Robert J & Ruth A Morris TTEE 10.0000 5,000.00 Morris Revocable Trust 750 Nolan Avenue Chula Vista, CA 92010 MO851 Peter V. Moulder IRA 50.0000 25,000.00 2734 St. Charles Avenue New Orleans, LA 70130 MO866 Randy Jay Mound M.D. 20.0000 10,000.00 1830 Marview Drive Thousand Oaks, CA 91362 MU279 Richard G & Bonnie J Mueller 10.0000 5,000.00 TTEES FBO Mueller Revocable TR #1 established 7/20/85 18771 Pased Picasso Irvine, CA 92716 MU76R Jack Murphy IRA 100.0000 50,000.00 3019 Maravillas Loop Austin, TX 78735-1419 MU76Y Julia T. & Walter B. Murphy 3.0000 1,500.00 15 Bobcat Trail Wildwood, FL 34785 MU76Y Julia T. & Walter B. Murphy 2.0000 1,000.00 15 Bobcat Trail Wildwood, FL 34785 MU773 Sheldon D. Murphy IRA 6.0000 3,000.00 2593 1/2 Galley Lane Grand Junction, CO 81505 MU800 Alan Edward Mussell 14.0000 7,000.00 2075 SW Mossy Brae West Linn, OR 97068 MU800 Alan Edward Mussell 39.0000 19,500.00 2075 SW Mossy Brae West Linn, OR 97068 MY171 Michael C. Myrick 6.0000 3,000.00 1325 South Shore Drive Holland, MI 49423 NA432 Marian Naik IRA 40.0000 20,000.00 P. O. Box 21807 Waco, TX 76702-1807 NA515 Mathilde M. Najjar 6.0000 3,000.00 717 Georgetown Drive Nashville, TN 37205 NA809 National Door Supply Co. Inc. 100.0000 50,000.00 Profit Sharing Plan Bob R. Barnard, Trustee 6310 Airport Fwy Fort Worth, TX 76117-5322 NE250 Francis & Patricia Nedoroscik 30.0000 15,000.00 Trustees FBO Francis D. Nedoroscik Revocable Trust u/a/d 11/12/97 1760 Emerald Drive St. Paul, MN 55112 NE578 Sandra K. Nelson IRA 4.0000 2,000.00 13629 Stanbridge Ave. Bellflower, CA 90706 NE57S Gary L. Nelson IRA 4.0000 2,000.00 3021 Wiley Post Avenue Anchorage, AK 99517 NE855 Karen L. Lannon 20.0000 10,000.00 R.R. 4 Box 85 Pontiac, IL 61764-9160 NE862 The Neumann Family Trust 10.0000 5,000.00 Albert / Margaret Neumann TTEE 1580 Rosita Dr. Las Vegas, NV 89123 NE956 James Daniel Neville 12.0000 6,000.00 238 Tyrconnell Ave Massapequa Park, NY 11762 NE961 Katie M. Newton TR 6.0000 3,000.00 Karl L. Newton Custodian 27713 Ann Drive Columbia Stn, OH 44028 NE963 Brent E. Newton TR 6.0000 3,000.00 Karl L. Newton Custodian 27713 Ann Drive Columbia Stn, OH 44028 NE965 Edwin M. Newton IRA 120.0000 60,000.00 710 Airport Way Independence, OR 97351 NE96L Earl F. & Frances R. Newland 20.0000 10,000.00 Living Trust, Earl F. Newland & Frances R. Newland, Trustees 8401 Woodcreek Waco, TX 76712 NI232 Billy Rae Nichols IRA 5.0000 2,500.00 302 Moss Lane Franklin, TN 37064 NI23G Frank Nicholson 8.0000 4,000.00 2155 Mohawk Street Las Vegas, NV 89102-3311 NI246 Donna A. Nickel IRA 12.0000 6,000.00 P. O. Box 2024 Winter Park, FL 32790 NO680 Stephen A. Norris IRA 10.0000 5,000.00 Rt. 2, Box 411 Gatesville, TX 76528 NO76B A. G. Edwards Trust Company 26.0000 13,000.00 FBO Dennis Smith FBO Northeast Georgia Orthopaedic PSP a/c #93-2450-109 P. O. Box 66734 St. Louis, MO 63166-9884 OA232 Diane O'Connor 10.0000 5,000.00 15628 N.E. 141st Place Woodinville, WA 98072 OA790 Sandra O'Sullivan IRA 4.0000 2,000.00 16 Tennis Village Drive Dana Point, CA 92629-4135 OE776 Mildred H. Oerther 50.0000 25,000.00 10401 Kingbrook Lane Orlando, FL 32821 OE777 Alden A. Oerther Chairtable 50.0000 25,000.00 Remainder Trust u/a/d 10/27/86 Mildred H. Oerther, Trustee 10401 Kingbrook Lane Orlando, FL 32821 OG577 Thomas R. Oglesby 10.0000 5,000.00 3471 S. Utah Street Arlington, VA 22206 OH592 Gloria L. Ohmer IRA 10.0000 5,000.00 P. O. Box 372 Petersburg, AK 99833 OI801 Robert L. Oisten 6.0000 3,000.00 14664 Anchor Court Holland, MI 49424-5418 OI803 Jenny M. Oisten IRA 6.0000 3,000.00 14664 Anchor Court Holland, MI 49424-5418 OR633 Carolos R. Orozoco, M.D. IRA 12.0000 6,000.00 343 W. Houston Suite 706 San Antonio, TX 78205 OR960 John F. & Nancy S. Orwig Trust 45.0000 22,500.00 dtd 9/12/85, John Orwig, TTEE 1733 Brookside Blvd. Largo, FL 33770 OR962 Sally Ann Orwig 8.0000 4,000.00 1733 Brookside Boulevard Largo, FL 33770 OS590 Alvin A. Osmera IRA 12.0000 6,000.00 7001 Polaris Lane North Maple Grove, MN 55311-3219 OS815 Frank H. Osterback 20.0000 10,000.00 201 N. Barfield Drive Marco Island, FL 34145-4205 OS821 Carolyn C. Osterman 20.0000 10,000.00 225 Woodbury Way Alpharetta, GA 30202 OS850 Joseph A. O'Sullivan IRA 4.0000 2,000.00 16 Tennis Village Drive Dana Point, CA 92629-4135 OS973 Peter J. Oswald 30.0000 15,000.00 5957 Shepard Hills Ave Wescosville, PA 18106 OW292 David M. Owen IRA 6.0000 3,000.00 272 Lake Terrace Drive Hendersonville, TN 37075 PA452 L. Lynn Paige 6.0000 3,000.00 26 Franklin Avenue Milton, PA 17847 PA571 Craig J. & Bonnie A. Palardy 6.0000 3,000.00 8455 NW 47th Dr. Coral Springs, FL 33067 PA575 John R. Palumbo IRA 60.0000 30,000.00 4921 Joaquin Way Sacramento, CA 95822 PA577 Richard Palumbo 30.0000 15,000.00 3180 Longmeadow Trenton, MI 48183 PA587 Barbara Palmer Martin 6.0000 3,000.00 2617 Richards Dr. Waco, TX 76710 PA733 Lloyd E. Pape 10.0000 5,000.00 7927 Braesmeadow Houston, TX 77071 PA740 Lloyd Pape Architects MPPPL 12.0000 6,000.00 7927 Braes Meadow Houston, TX 77071 PA741 Lloyd E. Pape IRA 5.0000 2,500.00 7927 Braesmeadow Houston, TX 77071 PA742 Betty L. Pape IRA 5.0000 2,500.00 7927 Braesmeadow Houston, TX 77071 PA76V Gerrie Parks 20.0000 10,000.00 6401 Driftwood Midland, TX 79707 PA775 Jullian N. Parra IRA 6.0000 3,000.00 560 Third Street Imperial Beach, CA 82032 PA81D John H. Patrick IRA 4.0000 2,000.00 3261 Indian Valley Trail Atlanta, GA 30341 PA81E Margaret S. Patrick IRA 4.0000 2,000.00 3261 Indian Valley Trial Atlanta, GA 30341 PA883 Stephen C. & Debra K. Paulson 10.0000 5,000.00 4212 Williston Rd. Minnetonka, MN 55345 PA982 Kathleen J. Payton Trustee 10.0000 5,000.00 FBO Kathleen J. Payton Trust dtd 8/24/90 100 Hahnmann Trail #307 Pittsford, NY 14534-2353 PE11C Barbara Pearce 6.0000 3,000.00 13333 22nd NE Seattle, WA 98125 PE176 Alan & Eva Pearson 16.0000 8,000.00 14973 Firestone Circle Orlando, FL 32817 PE364 Stuart Peeke 12.0000 6,000.00 Box 1986 Exeter, NH 03833 PE61E Lewis V. Pentecost IRA 30.0000 15,000.00 c/o Port Lavaca Clinic 1200 North Virginia Port Lavaca, TX 77979 PE61E Lewis V. Pentecost IRA 50.0000 25,000.00 c/o Port Lavaca Clinic 1200 North Virginia Port Lavaca, TX 77979 PE61E Lewis V. Pentecost IRA 30.0000 15,000.00 c/o Port Lavaca Clinic 1200 North Virginia Port Lavaca, TX 77979 PE61G John B. & Linda K. Penter TTEE 10.0000 5,000.00 of The John B. Penter and Linda K. Penter Family Trust dated 3-22-94 5410 Ranch Gate Road Alta Loma, CA 91701 PE623 David F. & Nancy J. Penning 6.0000 3,000.00 1103 Woodland Ave. Newton, IA 50208 PE76H Hector M. Perches IRA 18.0000 9,000.00 719 University Street Wharton, TX 77488-2940 PE81F Anne C. Peters IRA 25.0000 12,500.00 3 Westminster Drive Colts Necks, NJ 07722-1451 PF441 Marion Pfisterer 18.0000 9,000.00 2014 W#indsong Drive #1B Hagerstown, MD 21740-3337 PH166 Rahul C. Phanindra 10.0000 5,000.00 Channagiri Phanindra Custodian 5391 Potomac Drive Brecksville, OH 44141 PH167 Rajani Phanindra 10.0000 5,000.00 Channagiri Phanindra Custodian 5391 Potomac Drive Brecksville, OH 44141 PH168 Rashmi Phanindra 10.0000 5,000.00 Channagiri Phanindra Cust 5391 Potomac Drive Brecksville, OH 44141 PH444 Margaret Mosher Phillips Fndtn 20.0000 10,000.00 Margaret or Jack Rosenlund TTE 7506 Currin Dr. Dallas, TX 75230 PI27B Peter Piersma Trust 40.0000 20,000.00 u/a/d 6/24/97 Jeanne K. Koning, Trustee 3336 Fuller Avenue S.E. Grand Rapids, MI 49508 PI27B Peter Piersma Trust 20.0000 10,000.00 u/a/d 6/24/97 Jeanne K. Koning, Trustee 3336 Fuller Avenue S.E. Grand Rapids, MI 49508 PI579 George L. Pilliod Trust 50.0000 25,000.00 George L. Pilliod, Trustee u/a/d 2/20/85 413 Broadway Swanton, OH 43558 PI611 Russell M. and/or & Alvina M. 6.0000 3,000.00 Pinger, Trustees, FBO Pinger Family Trust u/a/d 6-15-92 3921 West 24th Avenue Denver, CO 80212 PI732 H. Howard Pipes IRA 20.0000 10,000.00 115 Abbywood Drive Nashville, TN 37215-6145 PL166 Richard W. Plater, M.D. 100.0000 50,000.00 2020 Venetian Way Winter Park, FL 32789 PO568 Glenda Pokorny 10.0000 5,000.00 10802 Oasis Houston, TX 77096 PO590 John J. Pomprowitz IRA 40.0000 20,000.00 4962 Williams Drive Carmel, IN 46033 PO766 Ruth M. Portell 10.0000 5,000.00 5218 Reeds Road Mission, KS 66202 PO793 Mildred M. Post, Trustee 8.0000 4,000.00 FBO Mildred M. Post Trust u/a/d 5-16-85 145 Columbia Avenue #254 Holland, MI 49423-2983 PO793 Mildred M. Post, Trustee 10.0000 5,000.00 FBO Mildred M. Post Trust u/a/d 5-16-85 145 Columbia Avenue #254 Holland, MI 49423-2983 PO816 Potomac Radiolgy and Imaging 30.0000 15,000.00 Money Purchase Pension Dr. Steven Mills, Trustee 11562 Lilting Lane Fairfax Station, VA 22039 PO818 Potts Family Partners 4.0000 2,000.00 3680 Quail Ridge Drive N Boynton Beach, FL 33436 PO964 Frances C. S. Powers 50.0000 25,000.00 6905 Northwood Road Dallas, TX 75225 PO967 Louis F. Powell 140.0000 70,000.00 50 Coe Road Apt. #212 Belleair, FL 33756 PO968 Alton L. Powell III 20.0000 10,000.00 & Betty W. Powell TTEES 706 Rock Beauty Rd. Fripp Island, SC 29920 PO996 Robert & Violet Pozzuto 10.0000 5,000.00 5320 Route 378 Bethlehem, PA 18015-9075 PR221 Bernard J. Prairie Estate 40.0000 20,000.00 Peter M. Prairie, Executor P. O. Box 1853 Blairsville, GA 30514 PR273 John E. Presley PSP 20.0000 10,000.00 P. O. Box 2065 Palestine, TX 75802 PR284 Harold & Rose Mary Prestenberg 100.0000 50,000.00 c/o Intrepid Enterprises P. O. Box 1298 Harvey, LA 70059 PR43N Charles W. Prieb IRA 12.0000 6,000.00 Rt 2 Inman, KS 67546 PR43O A. G. Edwards & Sons, Inc. 4.0000 2,000.00 FBO Naomi E. Prieb IRA a/c#0257-063283/SEC#841999105 P. O. Box 795068 St. Louis, MO 63179-0795 PR43T Norberto Priu M.D. IRA 20.0000 10,000.00 525 Bay Point Road Miami, FL 33137 PR43T Norberto Priu M.D. IRA 20.0000 10,000.00 525 Bay Point Road Miami, FL 33137 PR445 Charles W. & Naomi E. Prieb 10.0000 5,000.00 Route 2 Inman, KS 67546 PR635 IRA LEVY PROCEEDS FBO 70.0000 35,000.00 RICHARD PROKOPEAK SS####-##-#### P. O. BOX 145566 CINCINNATI, OH 45214 PR727 Paul & Yolande Provence 20.0000 10,000.00 934 Maywood Court Arroyo Grande, CA 93420 PR855 John J. Pruss IRA 5.0000 2,500.00 4893 NW Bruno Place Corvallis, OR 97330-2241 PU242 Herbert E. Puckett IRA 5.0000 2,500.00 6109 Stoney Mountain Road Burlington, NC 27217-7527 PU245 Patsy Puckett IRA 8.0000 4,000.00 6109 Stoney Mountain Road Burlington, NC 27217-7527 PU76C Thomas J. Purgason Trustee 10.0000 5,000.00 FBO Thomas J. Purgason MD PA Money Purchase Pension Plan 3600 Matlock Road Suite #100 Arlington, TX 76015-3605 QU484 Quixote Press Employees 50.0000 25,000.00 Pension Trust 8620 Banyan Court Tamarac, FL 33321 RA592 Donald C. Ramp 10.0000 5,000.00 4441 Emerald Drive Carrollton, TX 75010-4515 RA593 Asha Ramprasad IRA 8.0000 4,000.00 Rt 5 300 Kingsridge Tullahoma, TN 37388 RA600 Dorothy Germaine Sousa,Trustee 6.0000 3,000.00 u/d/t January 21, 1990 7083 Calico Circle Tallahassee, FL 32303 RA779 Tharen L. Rasey 10.0000 5,000.00 33121 Village 33 Camarillo, CA 93012 RA818 Carol A. Ratzlaff 10.0000 5,000.00 14513 E. 82nd Buhler, KS 67522 RA819 Paul W. Ratzlaff 10.0000 5,000.00 21502 W. Dutch Avenue Moundridge, KS 67107 RA847 John W. & Elaine Ratzlaff 12.0000 6,000.00 Rural Route 1 Moundridge, KS 67107 RA848 Ratzlaff Brothers Inc. 20.0000 10,000.00 Rural Route 1 Moundridge, KS 67107 RE277 J. Roger Reehl IRA 5.0000 2,500.00 P. O. Box 3014 Brentwood, TN 37024-3014 RE284 Judith C. Reel 20.0000 10,000.00 179 - 59th Street Des Moines, IA 50266-2819 RE393 EMJAYCO 52.0000 26,000.00 FBO Regan Insurance Agency,Inc 401(k) Plan #7776 P. O. Box 17909 Milwaukee, WI 53217 RE437 Jean M. Reisch 20.0000 10,000.00 307 Yona Court Brevard, NC 28712 RE440 Inez E. Reichard, Trustee 10.0000 5,000.00 u/t/a dated 8/5/92 Inez E. Reichard Trust 2090 Elbow Lane Allentown, PA 18103 RE456 Veronica Reilly Bailin, Co-TTE 6.0000 3,000.00 Paul A. Reilly Trust 473 W. 21st Street New York, NY 10011 RE458 Vivian M. Reilly Trust 6.0000 3,000.00 dated 6/4/87 Patricia Egan and Veronica Bailin Trustees 101 N. Amelia Avenue #127 Deland, FL 32724 RE614 John R. Rentner 30.0000 15,000.00 5662 Olde Post Road Sylvania, OH 43560 RE953 Cameron R. Revell 7.0000 3,500.00 3531 81st North St. Petersburg, FL 33710 RE982 Michael C. Reynolds IRA 4.0000 2,000.00 2501 SW 35th Terrace Topeka, KS 66611 RE983 Susan D. Reynolds IRA 4.0000 2,000.00 2501 SW 35th Terrace Topeka, KS 66611 RI23F Delaware Charter Guar & Trust 10.0000 5,000.00 FBO Robert L. Ricci M.D. IRA a/c #RS02657 1700 Lincoln Street #3200 Denver, CO 80203 RI392 Ren T. Riggle IRA 12.0000 6,000.00 10202 Myers Way Seattle, WA 98168 RI630 Norma J. Rios 10.0000 5,000.00 3468 E. Prescott Circle Cuyahoga Falls, OH 44223-3511 RI995 Lorrie Ann Rizk IRA 5.0000 2,500.00 47 Wildflower Drive Sutton, MA 01590-3120 RO203 Leslie Robinson IRA 6.0000 3,000.00 119 Summit Dr. York, PA 17403 RO21W Linda Smiley Roberts 10.0000 5,000.00 3209 Rolling Knoll Drive Farmers Branch, TX 75234 RO27C James S. Roessler IRA 4.0000 2,000.00 6635 Buffalo Drive Sheperd, MT 59079 RO574 Darryl & Karen Rolandelli 10.0000 5,000.00 6502 Lytham Court Greensboro, NC 27410 RO583 Carolyn A. Rolsten 20.0000 10,000.00 3614 Grennoch Lane Houston, TX 77025 RO592 Duane A. Romberg IRA 4.0000 2,000.00 P. O. Box 670036 Chugiak, AK 99567-0036 RO633 Loretta M. Root IRA 8.0000 4,000.00 1295 Eagle Drive Burlington, WA 98233 RO668 Royas J. & Mary Ann Rosen 6.0000 3,000.00 1122 Drayton Webster Groves, MO 63119 RO681 Loretta Root & Richard Talbot 20.0000 10,000.00 1295 Eagle Dr. Burlington, WA 98233 RO750 Tomas Roqueni IRA 4.0000 2,000.00 9076 N. Jessy Lane Tucson, AZ 85742 RO751 Gloria J. Roqueni IRA 4.0000 2,000.00 9076 N. Jessy Lane Tucson, AZ 85742 RO799 Mary Martha Roseberry IRA 10.0000 5,000.00 113 Caryl Way Oldsman, FL 34777 RO79A Darlene Rossell IRA 6.0000 3,000.00 6325 Maggie Avenue Las Vegas, NV 89131-2021 RO801 Jane F. Rossitto 6.0000 3,000.00 2218 S. Oakland Way Aurora, CO 80014 RO803 Margaret or Jack Rosenlund 40.0000 20,000.00 7506 Currin Dr. Dallas, TX 75230 RO974 Monte H. Rowell 36.0000 18,000.00 9608 Mira Del Rio Dr. Sacramento, CA 95827 RO995 Ann B. Roznovsky 10.0000 5,000.00 7016 Edmond Waco, TX 76710 RU226 Renee A. Rubenstein Trust 50.0000 25,000.00 Renee A. Rubenstein, Trustee 9111 Cliffwood Houston, TX 77096 RU610 Cynthia L. Gilbreth IRA 4.0000 2,000.00 6770 Arville Street Las Vegas, NV 89118 RY113 Catherine Franklin Ryan IRA 10.0000 5,000.00 1555 Westwood Way Fairbanks, AK 99709 SA213 James F. Sabatinos IRA 5.0000 2,500.00 19 Mundy Lane Fredericksburg, VA 22405 SA59B J. Victor Samuels 20.0000 10,000.00 3555 Timmons Lane, Ste. 1440 Houston, TX 77027 SA816 I. A. Sator, M.D. PSP 15.0000 7,500.00 3816 Brick Church Pike Nashville, TN 37207 SA817 Selmo Satanosky Trustee 20.0000 10,000.00 under The Selmo Satanosky Revocable Trust Agreement dated 4-23-93 15100 Tatenshall Trail Ft. Lauderdale, FL 33331 SA989 Judith W. Sayre IRA 10.0000 5,000.00 331 Harbin Avenue Waxahachie, TX 75165 SC193 Janet L. Scanlon 60.0000 30,000.00 629 W. Hacienda Dr. Corona, CA 91720 SC41L Wilbur D. Schiller, Trustee 100.0000 50,000.00 FBO Wilbur D. & Margaret C. Schiller Revocable Trust Agmt dated 4/30/90 891 Cypress Trails Drive Tarpon Springs, FL 34689 SC421 Rolfe A. & Linda Scheffel 16.0000 8,000.00 1130 Sheppard Drive Fullerton, CA 92831-1823 SC423 Howard I. Scher IRA 4.0000 2,000.00 264 Highwood Avenue Tenafly, NJ 07670 SC424 Lawrence D. Schwimmer 40.0000 20,000.00 2208 Sutter Street #2 San Francisco, CA 94115 SC425 John N.. Schwartz 10.0000 5,000.00 201 Willow Drive Jasper, TX 75951 SC426 Phyllis Schwartz 10.0000 5,000.00 9229 Kentucky Oaks Drive Las Vegas, NV 89117 SC427 John Schwartz Retirement Plan 6.0000 3,000.00 201 Willow Drive Jasper, TX 75951 SC428 Fonda Glazer Schwartz 100.0000 50,000.00 5200 Keller Springs, #1517 Dallas, TX 75248 SC430 Judith A. Schreier 6.0000 3,000.00 15 Indian Trail South Windsor, CT 06074 SC45C Barbara H. Schoene Estate 50.0000 25,000.00 c/o James P. Valenti Salomon Smith Barney P. O. Box 769 Tampa, FL 33601 SC879 Fonda Glazer Schwartz Trust 50.0000 25,000.00 Fonda Glazer Schwartz, Trustee Trust Dtd 05/09/87 5200 Keller Springs, #1517 Dallas, TX 75248 SE276 Arthur & Margaret Seeger and 20.0000 10,000.00 James H. Hens Trustees under Revocable Trust Agreement dated 9-19-94 5991 McKinley Parkway Hamburg, NY 14075 SE576 John G. Or Sharon S. Sellers 10.0000 5,000.00 138 N. Moon Avenue Apt. "B" Brandon, FL 33511 SH118 Randy Dale Shamblen 6.0000 3,000.00 262 Glen Hill Drive Saunderstown, RI 02874-1921 SH163 Rajnikant & Hina Shah 6.0000 3,000.00 26 Hummingbird Lane Beckley, WV 25801 SH164 Harivadan & Nila Shah 6.0000 3,000.00 5725 Northbrook Drive Plano, TX 75093 SH283 Walter M. & Virginia Shephard 20.0000 10,000.00 224 Glenwood Ave. Stratford, CT 06497 SH43K James J. Shields IRA 6.0000 3,000.00 8041 Stonewyck Road Germantown, TN 38138 SH444 Pamela J. Shilling IRA 10.0000 5,000.00 3430 Ridgewood Road Willits, CA 95490 SH484 Estate of Gregory J. Shipley 16.0000 8,000.00 First Tennessee Bank attn: Trust Securities 165 Madison Avenue - 7th Floor Memphis, TN 38103 SH489 Norman D. Shirley SEP 4.0000 2,000.00 2625 Alpine Trail Marietta, GA 30062 SI272 Richard A. & Greta A. Sieg 40.0000 20,000.00 2575 E. Bay Street Port Angeles, WA 98362 SI426 Gerhard G. Sihler 40.0000 20,000.00 48 Doral Farm Rd. Stamford, CT 06902 SI574 Jeff A. Silbar MPPP 10.0000 5,000.00 3964 Sunswept Drive Studio City, CA 91604 SI599 Mary Simko 30.0000 15,000.00 451 Concord San Antonio, TX 78201 SI59M Alice Simms 6.0000 3,000.00 244 South Street Bristol, CT 06010 SI607 James C. Sims IRA 4.0000 2,000.00 Box 173 Running Springs, CA 92382 SI623 S. Jonathan & Ruth E. Singer 20.0000 10,000.00 2702 Bordeaux La Jolla, CA 92037 SI806 Sisters of the Holy Faith Inc. 60.0000 30,000.00 Attention: Sr. Miriam Harney 12322 Paramount Boulevard Downey, CA 90242 SK110 Donald R. Skaggs IRA 10.0000 5,000.00 515 Sandy Way Arroyo Grande, CA 93420 SK661 James F. & Ann E. Skory 10.0000 5,000.00 4104 14th Avenue East Bradenton, FL 34208-9015 SK899 Joseph M. & Mary Ann Skutches 80.0000 40,000.00 475 Wedgewood Rd. Bethlehem, PA 18017 SL285 Edward or Ruth Slenk 8.0000 4,000.00 162 West 34th Street Holland, MI 49423 SM440 John Smith 6.0000 3,000.00 2047 Lombardy Avenue Nashville, TN 37215 SM456 Douglas L. Smith IRA 4.0000 2,000.00 2909 Kirkcaldy Lane Birmingham, AL 35243 SM46C David R. Smith IRA 5.0000 2,500.00 P. O. Box 442 Ravendale, WA 98051 SM46F Shirley A. Smith 40.0000 20,000.00 3953 Heatherhill Drive Bartlett, TN 38135 SM472 Cameron Smith PSP 14.0000 7,000.00 1015 Paladin Ct. Orlando, FL 32806 SM475 Seymour & Leila R. Smith TTEES 6.0000 3,000.00 of the Smith Trust dtd 5/30/91 30711 Ganado Drive Palos Verdes, CA 90274 SN434 Virgel E. Snider 6.0000 3,000.00 3032 Crib Point Drive Las Vegas, NV 89134 SN448 David C. Snitselaar 10.0000 5,000.00 1708 3rd Avenue SE Cedar Rapids, IA 52403-2310 SN992 Wilbur M. & Goldie M. Snyder 10.0000 5,000.00 RD #1 Watsontown, PA 17777 SO571 Dolores M. Soll Living Trust 12.0000 6,000.00 u/a/d 9/15/98 Dolores M. Soll, Trustee 2297 Blvd. Del Campo San Luis Obispo, CA 93401 SO581 John Sole IRA 5.0000 2,500.00 7394 Whitland Lane Athens, OH 45701-9600 SO850 Southwest Royalties, Inc. 30.0000 15,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 20.0000 10,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 4.0000 2,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 18.0000 9,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 10.0000 5,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 20.0000 10,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 6.0000 3,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 6.0000 3,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 4.0000 2,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 4.0000 2,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 40.0000 20,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 10.0000 5,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 20.0000 10,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 7.0000 3,500.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 10.0000 5,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 10.0000 5,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 16.0000 8,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 20.0000 10,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 10.0000 5,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 4.0000 2,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 4.0000 2,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 20.0000 10,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 50.0000 25,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 20.0000 10,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 4.0000 2,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 5.0000 2,500.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 6.0000 3,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 6.0000 3,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 6.0000 3,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 5.0000 2,500.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 20.0000 10,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 100.0000 50,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 20.0000 10,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 3.0000 1,500.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 5.0000 2,500.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 20.0000 10,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 20.0000 10,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 100.0000 50,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 4.0000 2,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 10.0000 5,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 18.0000 9,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 3.0000 1,500.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 10.0000 5,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 20.0000 10,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 46.0000 23,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 30.0000 15,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 25.0000 12,500.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 20.0000 10,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 30.0000 15,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 200.0000 100,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 20.0000 10,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 10.0000 5,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 30.0000 15,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 10.0000 5,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 10.0000 5,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 10.0000 5,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 30.0000 15,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 6.0000 3,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 70.0000 35,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 10.0000 5,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 50.0000 25,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 6.0000 3,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 5.0000 2,500.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 5.0000 2,500.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 6.0000 3,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 10.0000 5,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 8.0000 4,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 6.0000 3,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 32.0000 16,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 10.0000 5,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 5.0000 2,500.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 5.0000 2,500.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 100.0000 50,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 4.0000 2,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 4.0000 2,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 10.0000 5,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 250.0000 125,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 44.0000 22,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 10.0000 5,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 14.0000 7,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 10.0000 5,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 10.0000 5,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 10.0000 5,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 50.0000 25,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 6.0000 3,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 4.0000 2,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 6.0000 3,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 4.0000 2,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 20.0000 10,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 13.0000 6,500.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 15.0000 7,500.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 6.0000 3,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 5.0000 2,500.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 5.0000 2,500.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 14.0000 7,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 4.0000 2,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 10.0000 5,000.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 15.0000 7,500.00 P. O. Box 11390 Midland, TX 79702 SO850 Southwest Royalties, Inc. 10.0000 5,000.00 P. O. Box 11390 Midland, TX 79702 SO857 Jean Soussan IRA 12.0000 6,000.00 5433 Westheimer Ste 1105 Houston, TX 77056 SO900 Southwest Royalties, Inc. 100.0000 50,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 10.0000 5,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 30.0000 15,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 30.0000 15,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 20.0000 10,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 6.0000 3,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 10.0000 5,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 4.0000 2,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 20.0000 10,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 4.0000 2,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 60.0000 30,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 50.0000 25,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 10.0000 5,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 14.0000 7,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 8.0000 4,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 20.0000 10,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 15.0000 7,500.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 15.0000 7,500.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 20.0000 10,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 100.0000 50,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 10.0000 5,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 18.0000 9,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 20.0000 10,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 10.0000 5,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 50.0000 25,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 20.0000 10,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 20.0000 10,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 20.0000 10,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 6.0000 3,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 60.0000 30,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 8.0000 4,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 20.0000 10,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 6.0000 3,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 7.0000 3,500.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 30.0000 15,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 6.0000 3,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 58.0000 29,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 20.0000 10,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 100.0000 50,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 20.0000 10,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 20.0000 10,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 28.0000 14,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 30.0000 15,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 16.0000 8,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 4.0000 2,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 20.0000 10,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 6.0000 3,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 40.0000 20,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 4.0000 2,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 4.0000 2,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 9.0000 4,500.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 80.0000 40,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 80.0000 40,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 20.0000 10,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 10.0000 5,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 7.0000 3,500.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 6.0000 3,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 6.0000 3,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 4.0000 2,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 4.0000 2,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 4.0000 2,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 10.0000 5,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 20.0000 10,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 15.0000 7,500.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 40.0000 20,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 10.0000 5,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 20.0000 10,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 20.0000 10,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 9.0000 4,500.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 20.0000 10,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 30.0000 15,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 10.0000 5,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 6.0000 3,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 4.0000 2,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 18.0000 9,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 6.0000 3,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 6.0000 3,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 14.0000 7,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 10.0000 5,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 15.0000 7,500.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 15.0000 7,500.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 30.0000 15,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 4.0000 2,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 10.0000 5,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 7.0000 3,500.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 6.0000 3,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 4.0000 2,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 4.0000 2,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 4.0000 2,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 8.0000 4,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 13.0000 6,500.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 4.0000 2,000.00 P. O. Box 11390 Midland, TX 79702 SO900 Southwest Royalties, Inc. 8.0000 4,000.00 P. O. Box 11390 Midland, TX 79702 SO902 Jean Soussan 20.0000 10,000.00 5433 Westheimer Ste 1105 Houston, TX 77056 SP114 Mary Frances Sparkman 10.0000 5,000.00 2144 Gorham Place Germantown, TN 38138 SP199 Robert & Wilma Spaugy 10.0000 5,000.00 4535 E. 8th Avenue Anchorage, AK 99508 SP480 Morris & Helga I. Spizman 10.0000 5,000.00 5006 McCloskey Court Santa Rosa, CA 95409 SQ852 Thurston W. & Shirley Squires 100.0000 50,000.00 2924 Marathon Ave. Orlando, FL 32805 SR630 Cushla M. Srour IRA 5.0000 2,500.00 R.D. #8 Box 14-A York, PA 17403 SR631 James W. Srour IRA 5.0000 2,500.00 R.D. #8 Box 14-A York, PA 17403 ST124 Edmund W. Stahl IRA 20.0000 10,000.00 4338 Acacia Avenue Bonita, CA 92024 ST12A Joseph D. Staley IRA 4.0000 2,000.00 6144 Thornbury Court S.E. Lacey, WA 98513 ST175 Edmund W. & Gloria M. Stahl 20.0000 10,000.00 Trustees UTD 8/24/88 4338 Acacia Ave. Bonita, CA 92002 ST176 David R. Stager MD IRA 100.0000 50,000.00 8201 Preston Road # 140A LB230 Dallas, TX 75225 ST183 Jacquelyn Stallman 10.0000 5,000.00 P. O. Box 543 Kirkland, WA 98083-0543 ST268 Laurie K. Steen IRA 4.0000 2,000.00 4417 E. Mountain View Phoenix, AZ 85028 ST27U Wilmer Stevenson IRA 30.0000 15,000.00 #3 Overbrook Court Wimberly, TX 78676-2702 ST281 Eleanor C. Stevens 40.0000 20,000.00 Revocable Trust 3609 Grayton Drive New Port Richey, FL 34652 ST293 Rebekah G. Stewart, Custodian 15.0000 7,500.00 FBO Sarah Grace Stewart UTMA AR21 1306 NW 9th Bentonville, AR 72712 ST29R Marguerite Steedman IRA 10.0000 5,000.00 4204-146th Street NW Gig Harbor, WA 98332 ST353 Donald Ray Stevens IRA 4.0000 2,000.00 1040 Hedge Lane Marietta, GA 30066-5552 ST360 Anne J. Stewart 300.0000 150,000.00 c/o U.S. Trust Co. of Texas NA Attention: Brad Carson 2001 Ross Avenue, Suite 2700 Dallas, TX 75201 ST656 Jere G. Stocksdale 20.0000 10,000.00 2500 Lee Road #109 Winter Park, FL 32789-1703 ST686 Judith A. Stonehill 40.0000 20,000.00 730 Mendon Ionia Road Honeoye Falls, NY 14472 ST757 Victor & Margaret Strand 30.0000 15,000.00 5351 Brokenhill Ct. Yorba Linda, CA 92686 ST769 Heidi Strickland IRA 5.0000 2,500.00 2101 Cottonwood Grand Prairie, TX 75050 ST76O Rodney Strachan TTEE 16.0000 8,000.00 FBO Rodney Strachan M.D., Inc. Retirement Trust 11632 Ranch Hill Santa Ana, CA 92705 ST775 David P. Street MPP 4.0000 2,000.00 2442 N.W. Market St. #202 Seattle, WA 98107 ST786 Leslie H. Strong IRA 4.0000 2,000.00 1120 E. Las Tunas Drive #H San Gabriel, CA 91776-1739 ST981 James W. Styler IRA 20.0000 10,000.00 18911 Talarik Drive Eagle River, AK 99577 SU548 Barbara A. Sukkel 18.0000 9,000.00 3001 Ripon Drive Las Vegas, NV 89134 SU582 Kathleen A. Sullivan 2.0000 1,000.00 9250 Riveredge Drive Cordova, TN 38018 SU815 Nancy C. Sutherlin Trustee 10.0000 5,000.00 of the Nancy C. Sutherlin Trust UA dated 1-28-94 69 Myrtle Road Woodstock, GA 30189-1447 SW169 William E. & Pauline Swan 10.0000 5,000.00 1419 Porto Bello Ct. Arlington, TX 76012 SW207 Ronald R. & Dawn D. Swartz 10.0000 5,000.00 18045 Jorene Road Odessa, FL 33556 SW273 Eugene F. Sweeny IRA 10.0000 5,000.00 4450 NW 24 TERR Boca Raton, FL 33431 SZ177 Gyula Szalay 6.0000 3,000.00 7821 Linda Vista Road #19 San Diego, CA 92111 TA386 Edward P. Taft IRA 10.0000 5,000.00 9 Berkeley Rd. Wellesley, MA 02181 TA578 Richard B. Talbot IRA 15.0000 7,500.00 1295 Eagle Drive Burlington, WA 98233 TA984 Tax Advantaged Partners IV 30.0000 15,000.00 Joseph S. Deitch One University Office Park 29 Sawyer Road Waltham, MA 02154-3423 TA993 Larry J. Taylor 10.0000 5,000.00 1090 Hardeman Mill Road Madison, GA 30650 TA994 Donald R. & Elizabeth Taylor 10.0000 5,000.00 854 Greenbriar Ave. Simi Valley, CA 93065 TE379 Richard M. Tefft IRA 4.0000 2,000.00 19640 E. Charline PL Rowland Heights, CA 91748 TE410 Mary Ellen Tehan 10.0000 5,000.00 12507 Elm Country Lane San Antonio, TX 78230 TE807 Marvin & Rhoda Tessler 10.0000 5,000.00 323 Christopher Street Oceanside, NY 11572 TH186 B. David Thames IRA 5.0000 2,500.00 408 N. Person Street Raleigh, NC 27601 TH187 June C. Thames IRA 5.0000 2,500.00 408 N. Person St. Raleigh, NC 27601 TH188 B. David & June C. Thames 20.0000 10,000.00 408 N. Person Street Raleigh, NC 27601 TH63W James M. Thorne IRA 8.0000 4,000.00 713 Chopin Drive Sunnyvale, CA 94086 TH64K Thomas J. Thompson IRA 9.0000 4,500.00 2066 Westover Plantation Dunwoody, GA 30338 TH676 Rena M. Thomison 10.0000 5,000.00 204 Hillwood Blvd Nashville, TN 37205 TH877 William E. Thunberg IRA 5.0000 2,500.00 169 Royal Coach Lane Mooresville, NC 28115 TI250 Tidewater Psychotherapy Serv. 16.0000 8,000.00 Attn: Edward R. Nichols 256 N. Witchduck Road, Ste. G Virginia Beach, VA 23462 TI578 Mrs. Juanita M. Tiller 50.0000 25,000.00 5906 Glen Heather Dallas, TX 75252 TI836 Nancy B. Titone 20.0000 10,000.00 4 Granite Road, Alapocas Wilmington, DE 19803 TO579 Gary M. & Jacqueline Tolin 10.0000 5,000.00 International School of Japan 1-1-1, NOMIZU, CHOFU-SHI TOKYO 182 JAPAN TO579 Gary M. & Jacqueline Tolin 8.0000 4,000.00 International School of Japan 1-1-1, NOMIZU, CHOFU-SHI TOKYO 182 JAPAN TO730 Margaret R. Topping 5.0000 2,500.00 178 Longview Heights Athens, OH 45701 TO974 Bobye W. Townsend IRA 4.0000 2,000.00 200 St. Andrews Blvd #3202 Winter Park, FL 32792 TO981 Elva C. Toups IRA 21.0000 10,500.00 500 Yetta Steet Harvey, LA 70058 TO981 Elva C. Toups IRA 18.0000 9,000.00 500 Yetta Steet Harvey, LA 70058 TO987 Bette J. Tozer IRA 100.0000 50,000.00 901 Kings Road Newport Beach, CA 92663 TR283 Gay A. Treadwell 20.0000 10,000.00 1816 Lorean Enid, OK 73703 TR438 Doris P. Triplett IRA 10.0000 5,000.00 548 N. Main Street #110 Ashland, OR 97520 TR456 Trim-Lok, Inc. 40.0000 20,000.00 P. O. Box 6180 6855 Hermosa Circle Buena Park, CA 90622-6180 TR669 Kathryn C. Trost 40.0000 20,000.00 20 Fairway West Colts Neck, NJ 07722 TU224 Leonard & Juliet Tubergen 12.0000 6,000.00 Karl Tubergen 173 Grandview Avenue Holland, MI 49423 TU766 Rebecca G. Tucker 20.0000 10,000.00 3216 Silver Sands Circle Unit #301 Virginia Beach, VA 23451 TU76J Martha A. Turnage IRA 5.0000 2,500.00 3800 Treyburn Drive #B122 Williamsburg, VA 23185-2878 TU791 Michael B. Tusa IRA 4.0000 2,000.00 2008 Edenborn Ave. Metaire, LA 70001 UR226 Martin & Mary Urbas 10.0000 5,000.00 343 Grist Mill Drive Basking Ridge, NJ 07920 VA617 Robert Tate & Wandahlea Vance 6.0000 3,000.00 Cypress Cove at Suntree 7667 N. Wickham Road Apt. 314 Melbourne, FL 32940 VA61K Margaret C. Vandiver 4.0000 2,000.00 317-4 S. Shoreline Drive Liberty Lake, WA 99019 VA621 Sandra Van Velsor IRA 17.0000 8,500.00 4793 Winchester Memphis, TN 38118 VA627 John B. Van Why II 6.0000 3,000.00 608 33rd Street West Des Moines, IA 50265 VA856 John W. Vaughn IRA 20.0000 10,000.00 1413 Bunkerhill Road Brentwood, TN 37027 VA934 P. Bryon Vaughn M.D. 6.0000 3,000.00 107 Sandy Oaks Boerne, TX 78006 VI231 Helen L. Vick 6.0000 3,000.00 104 Phantun Lane Bellaire, TX 77401-2607 VI233 Victoria Women's Clinic 100.0000 50,000.00 605 E. San Antonio, Ste. 310 E Victoria, TX 77901 VI586 Donald J. Villere IRA 4.0000 2,000.00 584 Park Avenue Manderville, LA 70448 VI810 Irene C. Vitiello and David 30.0000 15,000.00 Vitiello I.C.V. and Successor Trustees of I. Vitiello Nominee Trust dated 4-20-89 32 Spring Street Somerville, MA 02143 VO432 Wendelin J. Voigt IRA 5.0000 2,500.00 21920 S.R. 530 N.E. Arlington, WA 98223 WA256 Velda M. Waddington 10.0000 5,000.00 4503 S.E. 4th Place Renton, WA 98059 WA266 Charles M. Waddell 6.0000 3,000.00 2601 May Dr. Burlington, NC 27215 WA399 Craig Wagoner IRA 5.0000 2,500.00 3115 Sedgefield Gate Road Greensboro, NC 27407-6104 WA531 Brooks Waldman 10.0000 5,000.00 340 Bellaire Denver, CO 80220 WA572 William J. Wall 40.0000 20,000.00 15 Cedar St. Riverdale, NJ 07457 WA57B M. Ellsworth Walker IRA 40.0000 20,000.00 3524 Grand Avenue Des Moines, IA 50312 WA762 Alfred B. & Louise A. Warren 80.0000 40,000.00 1150 SW Chapman Way #308 Palm City, FL 34990 WA76S Gaylee P. Warner IRA 4.0000 2,000.00 E 9603 1390th Street New Auburn, WI 54757 WA816 John T. Watson Trust 4.0000 2,000.00 u/t/d 12/9/85 418 Silverado Trail Waukee, IA 50263 WA81U Robert Bruce Watson IRA 10.0000 5,000.00 7175 FM 2494 Athens, TX 75751 WE116 Janet Weakman Trustee 16.0000 8,000.00 under Weakman Trust 13223 N. 2760 E. Road Forrest, IL 61741 WE11C Allen B. Weaver IRA 6.0000 3,000.00 15753 Balmoral Court Strongsville, OH 44136 WE140 Robert P. & Gail S. Weaver 10.0000 5,000.00 and their successors, as Trustees of the Weaver Family Trust dtd July 3, 1989 Rt. 2 Box 800 Blanchard, ID 83804 WE211 William J. Webb Jr. 20.0000 10,000.00 4021 County Line Road Carson City, NV 89703 WE226 Celia R. Webb 24.0000 12,000.00 4109 Legend Hall Dr. Nashville, TN 37215 WE256 Capt. Thomas & Joan Wedgewood 20.0000 10,000.00 3628 Carter Rd. Portsmouth, VA 23703 WE43X Ann Dickerson Weiss IRA 6.0000 3,000.00 4151 E. Northhampton Place Houston, TX 77098 WE571 John D. Welsh IRA 8.0000 4,000.00 5375 Gamblewood Road NE Kingston, WA 98346-9511 WE57F Mary Wellman 1.0000 500.00 506 Arbutus Drive East Roanoke Rapids, NC 27870 WE57F Mary Wellman 3.0000 1,500.00 506 Arbutus Drive East Roanoke Rapids, NC 27870 WE57P Terry P. Welsh IRA 5.0000 2,500.00 P. O. Box 6261 Ketchikan, AK 99901 WE61B Bruce K. Wentworth IRA 5.0000 2,500.00 8266 Rock Riffle Road Athens, OH 45701-7656 WE788 H. Kenneth West IRA 6.0000 3,000.00 2417 Willow Springs Court Apopka, FL 32712-2585 WH432 E. L. Whitting Sr. Trust 10.0000 5,000.00 u/a/d 8/31/89 Edward & Arlene Whitting TTEES 13181 Lampson Avenue #503 Garden Grove, CA 92840 WH437 James W. White 20.0000 10,000.00 4745 N. Hampton Drive Jackson, MS 39211 WH462 Jonathan Henry Whitehouse 10.0000 5,000.00 Susan E. Whitehouse Custodian 8747 US Hwy 87 North Victoria, TX 77904-4110 WI404 Stephen & Cheri Wiggins 10.0000 5,000.00 1900 Park Valley Dr. Columbus, IN 47203 WI572 Garrett J. Williamson IRA 20.0000 10,000.00 8281 Juanita Dr. Olive Branch, MS 38654 WI580 James W. Williams IRA 16.0000 8,000.00 9260 Winding Oak Drive Fair Oaks, CA 95628-4173 WI584 Darren L. & Barbara Williams 20.0000 10,000.00 90 Sequoyah Drive Chatsworth, GA 30705 WI587 Richard S. Wilkenfeld, M.D. 20.0000 10,000.00 TTEE Richard S. Wilkenfeld MD P. A. Pension Plan 800 Riverwood Court, Suite 102 Conroe, TX 77304 WI59P Jeffrey S. Williams 10.0000 5,000.00 640 Pine Avenue Oviedo, FL 32765 WI618 Eileen C. Winchell IRA 4.0000 2,000.00 4441 NW 8th Street Coconut Creek, FL 33066 WI61A Larry G. Winchell IRA 4.0000 2,000.00 4441 NW 8th Street Coconut Creek, FL 33066 WI61C Clifford M. Winter IRA 20.0000 10,000.00 2439 S. Krameria St. Denver, CO 80222 WI81A Gene Witiak IRA 20.0000 10,000.00 4313 Kathi Drive Bethlehem, PA 18017 WO573 Dennis P. Wolf IRA 10.0000 5,000.00 1009 W. Tam O'Shanter Kansas City, MO 64145 WO578 Charles F. & Darryl A. Wolcott 10.0000 5,000.00 Co Trustees u/d/t dtd 8/16/90 FBO The Wolcott Family Trust 2659 Samantha Court Simi Valley, CA 93063 WO635 Patricia Clesi Wood 6.0000 3,000.00 311 Bella Drive Metairie, LA 70005 WO63D Betty J. Woods IRA 10.0000 5,000.00 2917 West Lake Cove Austin, TX 78746 WO63E Paul H. Woods IRA 10.0000 5,000.00 2917 West Lake Cove Austin, TX 78746 WO646 Corrine E. Wood 10.0000 5,000.00 463 Glendale Drive Metairie, LA 70001 WO64R Paul Mark Woods 20.0000 10,000.00 6509 W. Lamar Austin, TX 78752 WO762 Word Communication Systems 10.0000 5,000.00 Profit Sharing Plan P. O. Box 308 Ellington, CT 06029 WR439 Lorraine C. Klinger 6.0000 3,000.00 27 Brookcrest Drive N.E. Marietta, GA 30068 YA183 Ralph & Raffaella Yates 30.0000 15,000.00 989 Oriole Dr. Laguna Beach, CA 92651 YE810 Elizabeth A. Yetter Revocable 20.0000 10,000.00 Trust u/a/d 6/28/95 1022 Near Ocean Drive Vero Beach, FL 32962 YO922 Charles H. Young 5.0000 2,500.00 2693 Hillside Drive Higland Village, TX 75077-8652 YU230 Paul E. Yucius IRA 9.0000 4,500.00 674 Jamestown Blvd. #1329 Altamonte Springs, FL 32714-4650 ZA241 Josephine Zack 30.0000 15,000.00 1031 Gould Place Oviedo, FL 32765 ZI606 Paul H. Zimmerman 20.0000 10,000.00 3732 Tiger Eye Court Mulberry, FL 33860 1062 Total Investors 20,000.0000 10,000,000.00 -----END PRIVACY-ENHANCED MESSAGE-----