X0201 3 2004-03-04 0 0000909281 NORTHERN BORDER PARTNERS LP NBP 0001283228 PLACE JANET K 13710 FNB PARKWAY OMAHA NE 68154-5200 0 0 0 1 General Partner Officer Common Units 1491.0000 D Common Units 200.0000 I By Daughters Phantom Units 2006-01-22 2006-01-22 Common Units 0 D On 1/22/2001 received a grant of 230 Phantom Units, the number of Common Units to be received upon conversion will be based on the General Partner's Distribution Rate (as defined in the Amended and Restated Northern Border Phantom Unit Plan) divided by the Distribution Yield (as defined in the Amended and Restated Northern Border Phantom Unit Plan) in effect on the day before conversion. /s/ Janet K. Place 2004-03-11